# EDGAR Filing Document

**Accession Number:** 0001331971
**File Stem:** 0001683863-23-001085
**Filing Date:** 2023-2
**Character Count:** 579986
**Document Hash:** ef78c521dcfbd17e65e4bc36bb263144
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-23-001085.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001683863-23-001085

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 33

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**EFFECTIVENESS DATE**: 20230222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock Funds II
- **CENTRAL INDEX KEY:** 0001331971
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21779
- **FILM NUMBER:** 23652603

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-2166

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

## Series and Classes Contracts Data

### Multimanager Lifestyle Aggressive Portfolio (Series ID: S000003335)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009050 | Class A      | JALAX           |
| C000009052 | Class C      | JCLAX           |
| C000009054 | Class R4     | JSLAX           |
| C000009055 | Class R5     | JTLAX           |
| C000009056 | Class 1      | JILAX           |
| C000106452 | Class R6     | JULAX           |
| C000113497 | Class R2     | JQLAX           |
| C000155628 | Class I      | JTAIX           |

### Multimanager Lifestyle Balanced Portfolio (Series ID: S000003337)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009062 | Class A      | JALBX           |
| C000009064 | Class C      | JCLBX           |
| C000009066 | Class R4     | JSLBX           |
| C000009067 | Class R5     | JTSBX           |
| C000009068 | Class 1      | JILBX           |
| C000034075 | Class 5      | JHLAX           |
| C000106453 | Class R6     | JULBX           |
| C000113498 | Class R2     | JQLBX           |
| C000155629 | Class I      | JTBIX           |

### Multimanager Lifestyle Conservative Portfolio (Series ID: S000003338)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009071 | Class A      | JALRX           |
| C000009073 | Class C      | JCLCX           |
| C000009075 | Class R4     | JSLCX           |
| C000009076 | Class R5     | JTLRX           |
| C000009077 | Class 1      | JILCX           |
| C000106454 | Class R6     | JULCX           |
| C000113499 | Class R2     | JQLCX           |
| C000155630 | Class I      | JTOIX           |

### Multimanager Lifestyle Growth Portfolio (Series ID: S000003339)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009080 | Class A      | JALGX           |
| C000009082 | Class C      | JCLGX           |
| C000009084 | Class R4     | JSLGX           |
| C000009085 | Class R5     | JTLGX           |
| C000009086 | Class 1      | JILGX           |
| C000034076 | Class 5      | JHLGX           |
| C000106455 | Class R6     | JULGX           |
| C000113500 | Class R2     | JQLGX           |
| C000155631 | Class I      | JTGIX           |

### Multimanager Lifestyle Moderate Portfolio (Series ID: S000003342)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009099 | Class A      | JALMX           |
| C000009101 | Class C      | JCLMX           |
| C000009103 | Class R4     | JSLMX           |
| C000009104 | Class R5     | JTLMX           |
| C000009105 | Class 1      | JILMX           |
| C000034077 | Class 5      | JHLMX           |
| C000106456 | Class R6     | JULMX           |
| C000113501 | Class R2     | JQLMX           |
| C000155632 | Class I      | JTMIX           |

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number 811-21779

<u>JOHN HANCOCK FUNDS II</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: December 31 <br> Date of reporting period: December 31, 2022

------

ITEM 1. REPORTS TO STOCKHOLDERS.

The Registrant prepared the following annuals report to shareholders for the period ended December 31, 2022:

**JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS:**

Multimanager Lifestyle Aggressive Portfolio

Multimanager Lifestyle Growth Portfolio

Multimanager Lifestyle Balanced Portfolio

Multimanager Lifestyle Moderate Portfolio

Multimanager Lifestyle Conservative Portfolio

------

![](imgda9c89511.gif)

![](imgaf11c7cc2.gif)

Annual report

## John Hancock

## Multimanager Lifestyle Portfolios

## Asset allocation
December 31, 2022

![](imgfaf7219f3.gif)

------

A *message* to shareholders

![](imga679d0324.gif)

Dear shareholder,

The world equity and fixed-income markets both lost ground during the 12 months ended December 31, 2022. Financial assets were hurt by central banks' decision to combat surging inflation by ending their quantitative easing policies and raising interest rates aggressively. The rapid increase in rates, in turn, led to worries about a potential global recession and a downturn in corporate earnings in 2023. Growth stocks were particularly weak performers, but the value style held up much better in relative terms thanks in part to the strength in the energy sector and outperformance for more defensive market segments. European stocks underperformed their global developed-market peers, due in part to Russia's invasion of Ukraine and its impact on the region's economic growth. China also lagged considerably amid ongoing concerns about the nation's regulatory and zero-COVID policies, leading to underperformance for the emerging markets more broadly. Bonds experienced meaningful weakness across regions, with both interest-rate- and credit-sensitive investments suffering unusually large losses.

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,

![](img86ee3ac75.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

## Multimanager Lifestyle Portfolios
Table of contents

---

| | |
|:---|:---|
| **2** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Portfolios at a glance](#xx_473d6f0b-28eb-4262-8315-e41f77c8e7e1_1) |
| **5** | &nbsp;&nbsp;&nbsp;[Management's discussion of portfolio performance](#xx_ca04034a-edc7-44dd-8cdc-8d945ebde15d_1) |
| **7** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Aggressive Portfolio](#xx_80944149-e5d6-4a1f-8c2c-3393b6be408c_1) |
| **8** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Growth Portfolio](#xx_80944149-e5d6-4a1f-8c2c-3393b6be408c_2) |
| **9** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Balanced Portfolio](#xx_80944149-e5d6-4a1f-8c2c-3393b6be408c_3) |
| **10** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Moderate Portfolio](#xx_80944149-e5d6-4a1f-8c2c-3393b6be408c_4) |
| **11** | &nbsp;&nbsp;&nbsp;[Multimanager Lifestyle Conservative Portfolio](#xx_80944149-e5d6-4a1f-8c2c-3393b6be408c_5) |
| **12** | &nbsp;&nbsp;&nbsp;[Your expenses](#xx_5fe37c33-5e15-4403-b4cd-9ec1b5858d82_1) |
| **15** | &nbsp;&nbsp;&nbsp;[Portfolios' investments](#xx_a7927380-986b-4da9-be68-22d1d8e48a22_1) |
| **21** | &nbsp;&nbsp;&nbsp;[Financial statements](#xx_b2d911a1-2185-439e-b5c3-430415eac082_1) |
| **26** | &nbsp;&nbsp;&nbsp;[Financial highlights](#xx_e9348cb5-2bfc-4c6c-92e2-9327fff11af5_1) |
| **34** | &nbsp;&nbsp;&nbsp;[Notes to financial statements](#xx_63161d43-66c9-487f-8169-c81feef3ccd6_1) |
| **56** | &nbsp;&nbsp;&nbsp;[Report of independent registered public accounting firm](#xx_453204ca-9cd7-4874-b441-b00800710a66_1) |
| **57** | &nbsp;&nbsp;&nbsp;[Tax information](#xx_a9ab29eb-809f-4e60-ad4b-a8d88ffa90dc_1) |
| **58** | &nbsp;&nbsp;&nbsp;[Special shareholder meeting](#xx_909319bf-4a27-4410-a832-98eadadea346_1) |
| **59** | &nbsp;&nbsp;&nbsp;[Trustees and Officers](#xx_af76269e-0f17-468c-bb6f-d34477ff360d_1) |
| **62** | &nbsp;&nbsp;&nbsp;[More information](#xx_f8456db0-d329-41f8-bd02-00449bb5b6f2_1) |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 1

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Portfolios at a glance

#### PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

------

#### High inflation, rising interest rates, and geopolitical issues weighed on nearly all segments of the financial markets during the period
Stocks fell sharply in response to these developments, with notable weakness in the growth style and the emerging markets.

#### Bonds suffered unusually large losses
While fixed-income investments often provide a cushion for diversified investors when stocks are falling, the opposite was true for the period.

#### The portfolios' performance was mixed
Three portfolios underperformed their respective benchmarks, one performed in line with its benchmark, and one outperformed its benchmark.

#### PORTFOLIO ALLOCATION AS OF 12/31/2022 (% of net assets)

------

![](imgcbea3ae66.gif)

![](img24fd9d3e7.gif)

![](img6f14504d8.gif)

![](imgb23539c29.gif)

![](imgbc82ddbc10.gif)

![](img51fd09ca11.gif)

2 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### AVERAGE ANNUAL TOTAL RETURNS AS OF 12/31/2022 (%)

------

#### Multimanager Lifestyle Aggressive Portfolio
![](imgd35b726f12.gif)

#### Multimanager Lifestyle Growth Portfolio
![](img8567a2f013.gif)

#### Multimanager Lifestyle Balanced Portfolio
![](img997d8f1414.gif)

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 3

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### AVERAGE ANNUAL TOTAL RETURNS AS OF 12/31/2022 (%)

------

#### Multimanager Lifestyle Moderate Portfolio
![](img95607fe015.gif)

#### Multimanager Lifestyle Conservative Portfolio
![](img1d6ec36f16.gif)

The Morningstar Target Allocation Index family consists of indexes that offer a diversified mix of stocks and bonds created for local investors to benchmark their allocation funds. Morningstar's Category classification system defines the level of equity and bond exposure for each index.

The Morningstar U.S. Aggressive Target Allocation Index seeks 92.5% exposure to global equity markets.

The Morningstar U.S. Moderately Aggressive Target Allocation Index seeks 77.5% exposure to global equity markets.

The Morningstar U.S. Moderate Target Allocation Index seeks 60% exposure to global equity markets.

The Morningstar U.S. Moderately Conservative Target Allocation Index seeks 40% exposure to global equity markets.

The Morningstar U.S. Conservative Target Allocation Index seeks 22.5% exposure to global equity 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. Returns for periods shorter than one year are cumulative, and results for other share classes will vary. 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 portfolios' objectives, risks, and strategy, see the portfolios' prospectuses.**

4 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Management's discussion of fund performance

#### Can you describe investment conditions during the 12 months ended December 31, 2022?
The world equity and fixed-income markets lost ground, marking one of only a handful of times in history that both have finished in negative territory in a calendar year. Financial assets were hurt by central banks' decision to combat surging inflation by ending their quantitative easing policies and raising interest rates aggressively. The U.S. Federal Reserve initiated the most rapid interest rate increase in a single year since the early 1980s. Rising rates, in turn, led to worries about a potential global recession and a downturn in corporate profits in 2023. Events overseas—especially Russia's invasion of Ukraine and a slowdown in China's economy—also weighed on sentiment.

While virtually all segments of the world equity markets lost ground, growth stocks were particularly weak. Rising rates reduce the value of expected earnings when discounted back to today's dollars, pressuring shares of companies whose cash flows are more heavily weighted in the future. Conversely, value stocks—which tend to have higher current cash flow due in part to their above-average dividends—outperformed. Small- and mid-cap stocks trailed large-caps. In addition to being sensitive to trends in investors' appetite for risk, companies in these categories are vulnerable to rising rates since they are more likely to require capital than established firms. The downturn in growth stocks—particularly the mega-cap technology-related companies that dominate the major U.S. indexes—caused domestic equities to lag the developed international markets. Emerging-market stocks underperformed, largely as a result of the outsized losses for China.

Bonds experienced meaningful weakness across regions. Yields surged higher across the maturity spectrum in response to the changes and central bank policy, with the most pronounced declines occurring among short-term issues. Both rate- and credit-sensitive investments suffered unusually large losses.

#### What elements of the portfolios' positioning helped and hurt results?
Consistent with this challenging investment backdrop, all John Hancock Multimanager Lifestyle Portfolios posted negative absolute returns for the year. Three portfolios underperformed their respective benchmarks, John Hancock Multimanager Lifestyle Aggressive Portfolio, John Hancock Multimanager Lifestyle Growth Portfolio, and John Hancock Multimanager Lifestyle Balanced Portfolio. John Hancock Multimanager Lifestyle Moderate Portfolio performed in line with its benchmark while the John Hancock Multimanager Lifestyle Conservative Portfolio outperformed its benchmark. The collective underperformance of the underlying managers caused the majority of the shortfall among the underperforming portfolios. Notable weaknesses were in the large-cap growth space, as well as the developed- and emerging-market international categories. With the exception of John Hancock Multimanager Lifestyle Aggressive Portfolio, manager performance in fixed income also detracted.

Most aspects of our allocation strategy contributed to performance in 2022. With the exception of John Hancock Multimanager Lifestyle Conservative Portfolio, an allocation to a real assets portfolio, which was boosted by its position in energy stocks—one of the few categories to deliver positive returns—was the largest contributor. Holdings in infrastructure and metals and mining stocks, while negative in absolute terms, also held up better than most segments of the financial markets. Our preference for the value style over growth contributed to performance, as did a decision to invest a portion of the portfolios in defensive stocks. We have long held a position in defensive stocks as a way to provide ballast in volatile markets, and the category indeed outperformed in the difficult environment of the past year.

All portfolios achieved a minor benefit from having a modest weighting in absolute return strategies. These holdings are intended to augment diversification due to their lower sensitivity to broader market movements. Allocation decisions in fixed income hurt relative performance in all portfolios except John Hancock Multimanager Lifestyle Conservative Portfolio and John Hancock Multimanager Lifestyle Moderate Portfolio. With the exception of John Hancock Multimanager Lifestyle Conservative Portfolio, all of the portfolios experienced a shortfall as a result of an investment in U.S. Treasury Separate Trading of Registered Interest and Principal of Securities (STRIPS). We established this position with the intention of offsetting potential downside in risk assets, since government bonds typically rally when investor sentiment wanes. However, in fact STRIPS declined sharply in 2022 due to their above-average interest-rate sensitivity. In all portfolios except John Hancock Multimanager Lifestyle Aggressive Portfolio, holdings in senior loans and

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 5

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

short-dated Treasury Inflation Protected Securities contributed to performance. We invested in these areas on the view that they were likely to outperform in a rising-rate environment, and that indeed proved to be the case.

#### How would you describe your portfolio activity?
Throughout the year, our core view was that the world economy continued to face important challenges that were likely to translate to muted returns for the major asset categories. We therefore steadily moved the portfolios in a more defensive direction, and we sought to diversify into asset classes with lower vulnerability to prevailing trends. At the close of the year, we remained in a defensive stance on the belief that persistent uncertainty is likely to fuel continued near-term volatility.

#### Can you tell us about changes to the portfolio management team?
Effective January 1, 2023, David Kobuszewski, CFA, and Geoffrey Kelley, CFA, will be added to the portfolio management team.

#### MANAGED BY

------

Nathan W. Thooft, CFA

Robert E. Sykes, CFA

![](img980a485f17.gif)

#### Notes about risk
The portfolios may be subject to various risks as described in the portfolios' 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.

The views expressed in this report are exclusively those of Nathan W. Thooft, CFA, and Robert E. Sykes, CFA, Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the portfolio for the entire period. Portfolio composition is subject to review in accordance with the portfolio's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

6 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Aggressive Portfolio

#### GROWTH OF $10,000

------

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Aggressive Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and a separate index.

![](img144eeb6718.gif)

**Index 1 is the Morningstar U.S. Aggressive Target Allocation Index which seeks 92.5% exposure to global equity markets from a diversified mix of stocks and bonds.**

**Index 2 is the John Hancock Lifestyle Aggressive Index which comprises 44.1% of the S&P 500 Index, 16.2% of the MSCI World ex-USA Index, 18.9% of the Russell 2500 Index, 10.8% of the MSCI Emerging Markets Index, 5.0% of the John Hancock Real Asset Blended Index, 0.5% of the ICE BofA U.S. High Yield Index, 0.5% of the JP Morgan EMBI Global Index, and 4.0% of the ICE Bank of America Long U.S. STRIPS Index** 

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.

---

| | |
|:---|:---|
| **ASSET ALLOCATION (% of net assets)** | **ASSET ALLOCATION (% of net assets)** |
| **Affiliated investment companies** | &nbsp;&nbsp;**99.0** |
| **Equity** | &nbsp;&nbsp;**89.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. large cap | &nbsp;&nbsp;&nbsp;30.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International equity | &nbsp;&nbsp;&nbsp;23.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. mid cap | &nbsp;&nbsp;&nbsp;12.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market equity | &nbsp;&nbsp;&nbsp;&nbsp;8.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. small cap | &nbsp;&nbsp;&nbsp;&nbsp;7.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large blend | &nbsp;&nbsp;&nbsp;&nbsp;4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| **Fixed income** | &nbsp;&nbsp;&nbsp;&nbsp;**2.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermediate bond | &nbsp;&nbsp;&nbsp;&nbsp;1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market debt | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High yield bond | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| **Alternative and specialty** | &nbsp;&nbsp;&nbsp;&nbsp;**7.5** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;6.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Absolute return | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| **U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;**1.0** |

---

#### PERFORMANCE CHART

------

Total returns with maximum sales charge for the period ended 12-31-22 (%)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | &nbsp;&nbsp;**Class C** | &nbsp;&nbsp;**Class I<sup>1,2</sup>** | &nbsp;&nbsp;**Class R2<sup>2</sup>** | &nbsp;&nbsp;**Class R4<sup>2</sup>** | &nbsp;&nbsp;**Class R5<sup>2</sup>** | &nbsp;&nbsp;**Class R6<sup>2</sup>** | &nbsp;&nbsp;**Class 1<sup>2</sup>** | &nbsp;&nbsp;**Index 1** | &nbsp;&nbsp;**Index 2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 year | -22.54 | -20.17 | &nbsp;&nbsp;-18.65 | &nbsp;&nbsp;-18.93 | &nbsp;&nbsp;-18.82 | &nbsp;&nbsp;-18.59 | &nbsp;&nbsp;-18.57 | &nbsp;&nbsp;-18.59 | &nbsp;&nbsp;-17.49 | &nbsp;&nbsp;-17.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;3.74 | &nbsp;&nbsp;&nbsp;&nbsp;3.95 | &nbsp;&nbsp;&nbsp;&nbsp;5.01 | &nbsp;&nbsp;&nbsp;&nbsp;4.60 | &nbsp;&nbsp;&nbsp;&nbsp;4.85 | &nbsp;&nbsp;&nbsp;&nbsp;5.08 | &nbsp;&nbsp;&nbsp;&nbsp;5.11 | &nbsp;&nbsp;&nbsp;&nbsp;5.07 | &nbsp;&nbsp;&nbsp;&nbsp;6.50 | &nbsp;&nbsp;&nbsp;&nbsp;5.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;&nbsp;7.38 | &nbsp;&nbsp;&nbsp;&nbsp;7.11 | &nbsp;&nbsp;&nbsp;&nbsp;7.94 | &nbsp;&nbsp;&nbsp;&nbsp;7.76 | &nbsp;&nbsp;&nbsp;&nbsp;7.99 | &nbsp;&nbsp;&nbsp;&nbsp;8.23 | &nbsp;&nbsp;&nbsp;&nbsp;8.32 | &nbsp;&nbsp;&nbsp;&nbsp;8.27 | &nbsp;&nbsp;&nbsp;&nbsp;9.50 | &nbsp;&nbsp;&nbsp;&nbsp;8.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;20.13 | &nbsp;&nbsp;21.40 | &nbsp;&nbsp;&nbsp;27.68 | &nbsp;&nbsp;&nbsp;25.22 | &nbsp;&nbsp;&nbsp;26.73 | &nbsp;&nbsp;&nbsp;28.09 | &nbsp;&nbsp;&nbsp;28.30 | &nbsp;&nbsp;&nbsp;28.04 | &nbsp;&nbsp;&nbsp;37.04 | &nbsp;&nbsp;&nbsp;32.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | 103.78 | &nbsp;&nbsp;98.78 | 114.79 | 111.21 | 115.64 | 120.49 | 122.38 | 121.31 | 147.93 | 134.16 |

---

*Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 4.5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5.0% to 4.5%, effective 8-1-19. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, and Class 1 shares.*

*Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.*

*The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2023 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;Class I | &nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;Class 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross (%) | &nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;1.50 | &nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;1.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (%) | &nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;1.50 | &nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;1.04 |

---

*Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.*

*The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.*

*The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

<sup>1</sup> *Class I shares were first offered on 5-1-15. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.* 

<sup>2</sup> *For certain types of investors, as described in the portfolio's prospectuses.* 

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 7

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Growth Portfolio

#### GROWTH OF $10,000

------

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Growth Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and a separate index.

![](img0a9ea50019.gif)

**Index 1 is the Morningstar U.S. Moderately Aggressive Target Allocation Index which seeks 77.5% exposure to global equity markets from a diversified mix of stocks and bonds.**

**Index 2 is the John Hancock Lifestyle Growth Index which comprises 37.2% of the S&P 500 Index, 13.7% of the MSCI World ex-USA Index, 16.0% of the Russell 2500 Index, 9.1% of the MSCI Emerging Markets Index, 4.0% of the John Hancock Real Asset Blended Index, 1.5% of the ICE Bank of America U.S. High Yield Index, 1.5% of the JP Morgan EMBI Global Index, 1.5% of the S&P/LSTA Leveraged Loan Index, 9.5% of the Bloomberg U.S. Aggregate Bond Index, 4.0% of the ICE Bank of America Long U.S. STRIPS Index, and 2.0% of the Bloomberg 1-5 Year TIPS Index** 

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.

---

| | |
|:---|:---|
| **ASSET ALLOCATION (% of net assets)** | **ASSET ALLOCATION (% of net assets)** |
| **Affiliated investment companies** | &nbsp;&nbsp;**96.3** |
| **Equity** | &nbsp;&nbsp;**74.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. large cap | &nbsp;&nbsp;&nbsp;26.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International equity | &nbsp;&nbsp;&nbsp;20.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. mid cap | &nbsp;&nbsp;&nbsp;10.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market equity | &nbsp;&nbsp;&nbsp;&nbsp;6.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. small cap | &nbsp;&nbsp;&nbsp;&nbsp;6.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large blend | &nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| **Fixed income** | &nbsp;&nbsp;**15.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermediate bond | &nbsp;&nbsp;&nbsp;&nbsp;6.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-sector bond | &nbsp;&nbsp;&nbsp;&nbsp;3.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market debt | &nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High yield bond | &nbsp;&nbsp;&nbsp;&nbsp;1.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank loan | &nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term bond | &nbsp;&nbsp;&nbsp;&nbsp;1.1 |
| **Alternative and specialty** | &nbsp;&nbsp;&nbsp;&nbsp;**6.5** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;6.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Absolute return | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| **U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;**3.7** |

---

#### PERFORMANCE CHART

------

Total returns with maximum sales charge for the period ended 12-31-22 (%)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Class A** | &nbsp;&nbsp;**Class C** | &nbsp;&nbsp;**Class I<sup>1,2</sup>** | &nbsp;&nbsp;**Class R2<sup>2</sup>** | &nbsp;&nbsp;**Class R4<sup>2</sup>** | &nbsp;&nbsp;**Class R5<sup>2</sup>** | &nbsp;&nbsp;**Class R6<sup>2</sup>** | &nbsp;&nbsp;**Class 1<sup>2</sup>** | &nbsp;&nbsp;**Class 5<sup>2</sup>** | &nbsp;&nbsp;**Index 1** | &nbsp;&nbsp;**Index 2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 year | -21.31 | -18.92 | -17.39 | -17.71 | -17.54 | &nbsp;&nbsp;-17.36 | &nbsp;&nbsp;-17.27 | &nbsp;&nbsp;-17.31 | &nbsp;&nbsp;-17.31 | &nbsp;&nbsp;-16.31 | &nbsp;&nbsp;-16.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;&nbsp;3.17 | &nbsp;&nbsp;&nbsp;&nbsp;3.39 | &nbsp;&nbsp;&nbsp;&nbsp;4.42 | &nbsp;&nbsp;&nbsp;&nbsp;4.02 | &nbsp;&nbsp;&nbsp;&nbsp;4.27 | &nbsp;&nbsp;&nbsp;&nbsp;4.49 | &nbsp;&nbsp;&nbsp;&nbsp;4.54 | &nbsp;&nbsp;&nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;4.54 | &nbsp;&nbsp;&nbsp;&nbsp;5.54 | &nbsp;&nbsp;&nbsp;&nbsp;5.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;&nbsp;&nbsp;6.39 | &nbsp;&nbsp;&nbsp;&nbsp;6.12 | &nbsp;&nbsp;&nbsp;&nbsp;6.94 | &nbsp;&nbsp;&nbsp;&nbsp;6.77 | &nbsp;&nbsp;&nbsp;&nbsp;7.03 | &nbsp;&nbsp;&nbsp;&nbsp;7.25 | &nbsp;&nbsp;&nbsp;&nbsp;7.31 | &nbsp;&nbsp;&nbsp;&nbsp;7.27 | &nbsp;&nbsp;&nbsp;&nbsp;7.32 | &nbsp;&nbsp;&nbsp;&nbsp;8.14 | &nbsp;&nbsp;&nbsp;&nbsp;7.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;16.88 | &nbsp;&nbsp;18.12 | &nbsp;&nbsp;24.17 | &nbsp;&nbsp;21.80 | &nbsp;&nbsp;23.23 | &nbsp;&nbsp;&nbsp;24.53 | &nbsp;&nbsp;&nbsp;24.83 | &nbsp;&nbsp;&nbsp;24.60 | &nbsp;&nbsp;&nbsp;24.85 | &nbsp;&nbsp;&nbsp;30.94 | &nbsp;&nbsp;&nbsp;28.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;85.83 | &nbsp;&nbsp;81.07 | &nbsp;&nbsp;95.61 | &nbsp;&nbsp;92.47 | &nbsp;&nbsp;97.19 | 101.28 | 102.52 | 101.78 | 102.64 | 118.66 | 112.36 |

---

*Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 4.5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5.0% to 4.5%, effective 8-1-19. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.*

*Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.*

*The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2023 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;Class I | &nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;Class 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross (%) | &nbsp;&nbsp;&nbsp;1.36 | &nbsp;&nbsp;&nbsp;2.06 | &nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;1.45 | &nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;0.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (%) | &nbsp;&nbsp;&nbsp;1.36 | &nbsp;&nbsp;&nbsp;2.06 | &nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;1.45 | &nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;0.94 |

---

*Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.*

*The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.*

*The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

<sup>1</sup> *Class I shares were first offered on 5-1-15. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.* 

<sup>2</sup> *For certain types of investors, as described in the portfolio's prospectuses.* 

8 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Balanced Portfolio

#### GROWTH OF $10,000

------

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Balanced Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and a separate index.

![](imga8c9db4c20.gif)

**Index 1 is the Morningstar U.S. Moderate Target Allocation Index which seeks 60% exposure to global equity markets from a diversified mix of stocks and bonds.**

**Index 2 is the John Hancock Lifestyle Balanced Index which comprises 27.9% of the S&P 500 Index, 10.3% of the MSCI World ex-USA Index, 12.0% of the Russell 2500 Index, 6.8% of the MSCI Emerging Markets Index, 3.0% of the John Hancock Real Asset Blended Index, 3.0% of the ICE Bank of America U.S. High Yield Index, 3.0% of the JP Morgan EMBI Global Index, 3.0% of the S&P/LSTA Leveraged Loan Index, 21.0% of the Bloomberg U.S. Aggregate Bond Index, 6.0% of the ICE Bank of America Long U.S. STRIPS Index, and 4.0% of the Bloomberg 1-5 Year TIPS Index** 

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.

---

| | |
|:---|:---|
| **ASSET ALLOCATION (% of net assets)** | **ASSET ALLOCATION (% of net assets)** |
| **Affiliated investment companies** | &nbsp;&nbsp;**92.3** |
| **Equity** | &nbsp;&nbsp;**55.7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. large cap | &nbsp;&nbsp;&nbsp;18.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International equity | &nbsp;&nbsp;&nbsp;16.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. mid cap | &nbsp;&nbsp;&nbsp;&nbsp;7.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. small cap | &nbsp;&nbsp;&nbsp;&nbsp;4.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market equity | &nbsp;&nbsp;&nbsp;&nbsp;4.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large blend | &nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;0.9 |
| **Fixed income** | &nbsp;&nbsp;**30.7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermediate bond | &nbsp;&nbsp;&nbsp;10.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-sector bond | &nbsp;&nbsp;&nbsp;&nbsp;7.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market debt | &nbsp;&nbsp;&nbsp;&nbsp;3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High yield bond | &nbsp;&nbsp;&nbsp;&nbsp;3.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term bond | &nbsp;&nbsp;&nbsp;&nbsp;3.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank loan | &nbsp;&nbsp;&nbsp;&nbsp;3.0 |
| **Alternative and specialty** | &nbsp;&nbsp;&nbsp;&nbsp;**5.9** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Absolute return | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-asset income | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| **U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;**7.7** |

---

#### PERFORMANCE CHART

------

Total returns with maximum sales charge for the period ended 12-31-22 (%)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Class A** | &nbsp;&nbsp;**Class C** | &nbsp;&nbsp;**Class I<sup>1,2</sup>** | &nbsp;&nbsp;**Class R2<sup>2</sup>** | &nbsp;&nbsp;**Class R4<sup>2</sup>** | &nbsp;&nbsp;**Class R5<sup>2</sup>** | &nbsp;&nbsp;**Class R6<sup>2</sup>** | &nbsp;&nbsp;**Class 1<sup>2</sup>** | &nbsp;&nbsp;**Class 5<sup>2</sup>** | &nbsp;&nbsp;**Index 1** | &nbsp;&nbsp;**Index 2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 year | -20.08 | -17.63 | -16.13 | -16.46 | -16.24 | -16.02 | -15.97 | -16.03 | -15.97 | -15.32 | -16.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;&nbsp;2.43 | &nbsp;&nbsp;&nbsp;&nbsp;2.65 | &nbsp;&nbsp;&nbsp;&nbsp;3.68 | &nbsp;&nbsp;&nbsp;&nbsp;3.29 | &nbsp;&nbsp;&nbsp;&nbsp;3.53 | &nbsp;&nbsp;&nbsp;&nbsp;3.74 | &nbsp;&nbsp;&nbsp;&nbsp;3.79 | &nbsp;&nbsp;&nbsp;&nbsp;3.75 | &nbsp;&nbsp;&nbsp;&nbsp;3.80 | &nbsp;&nbsp;&nbsp;&nbsp;4.74 | &nbsp;&nbsp;&nbsp;&nbsp;4.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;&nbsp;&nbsp;5.06 | &nbsp;&nbsp;&nbsp;&nbsp;4.79 | &nbsp;&nbsp;&nbsp;&nbsp;5.60 | &nbsp;&nbsp;&nbsp;&nbsp;5.43 | &nbsp;&nbsp;&nbsp;&nbsp;5.69 | &nbsp;&nbsp;&nbsp;&nbsp;5.91 | &nbsp;&nbsp;&nbsp;&nbsp;5.97 | &nbsp;&nbsp;&nbsp;&nbsp;5.92 | &nbsp;&nbsp;&nbsp;&nbsp;5.98 | &nbsp;&nbsp;&nbsp;&nbsp;6.91 | &nbsp;&nbsp;&nbsp;&nbsp;6.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;12.76 | &nbsp;&nbsp;13.98 | &nbsp;&nbsp;19.83 | &nbsp;&nbsp;17.58 | &nbsp;&nbsp;18.93 | &nbsp;&nbsp;20.18 | &nbsp;&nbsp;20.46 | &nbsp;&nbsp;20.21 | &nbsp;&nbsp;20.51 | &nbsp;&nbsp;26.04 | &nbsp;&nbsp;22.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;63.78 | &nbsp;&nbsp;59.72 | &nbsp;&nbsp;72.45 | &nbsp;&nbsp;69.70 | &nbsp;&nbsp;73.91 | &nbsp;&nbsp;77.50 | &nbsp;&nbsp;78.58 | &nbsp;&nbsp;77.75 | &nbsp;&nbsp;78.74 | &nbsp;&nbsp;94.98 | &nbsp;&nbsp;85.35 |

---

*Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 4.5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5.0% to 4.5%, effective 8-1-19. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.*

*Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.*

*The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2023 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;Class I | &nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;Class 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross (%) | &nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;2.01 | &nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;0.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (%) | &nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;2.01 | &nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;0.89 |

---

*Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.*

*The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.*

*The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

<sup>1</sup> *Class I shares were first offered on 5-1-15. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.* 

<sup>2</sup> *For certain types of investors, as described in the portfolio's prospectuses.* 

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 9

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Moderate Portfolio

#### GROWTH OF $10,000

------

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Moderate Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and a separate index.

![](img6e8dab8521.gif)

**Index 1 is the Morningstar U.S. Moderately Conservative Target Allocation Index which seeks 40% exposure to global equity markets from a diversified mix of stocks and bonds.**

**Index 2 is the John Hancock Lifestyle Moderate Index which comprises 18.6% of the S&P 500 Index, 6.8% of the MSCI World ex-USA Index, 8.0% of the Russell 2500 Index, 4.6% of the MSCI Emerging Markets Index, 2.0% of the John Hancock Real Asset Blended Index, 4.5% of the ICE Bank of America U.S. High Yield Index, 4.5% of the JP Morgan EMBI Global Index, 4.5% of the S&P/LSTA Leveraged Loan Index, 36.5% of the Bloomberg U.S. Aggregate Bond Index, 4.0% of the ICE Bank of America Long U.S. STRIPS Index, and 6.0% of the Bloomberg 1-5 Year TIPS Index** 

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.

---

| | |
|:---|:---|
| **ASSET ALLOCATION (% of net assets)** | **ASSET ALLOCATION (% of net assets)** |
| **Affiliated investment companies** | &nbsp;&nbsp;**92.0** |
| **Equity** | &nbsp;&nbsp;**37.5** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. large cap | &nbsp;&nbsp;&nbsp;13.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International equity | &nbsp;&nbsp;&nbsp;12.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. mid cap | &nbsp;&nbsp;&nbsp;&nbsp;4.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. small cap | &nbsp;&nbsp;&nbsp;&nbsp;2.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large blend | &nbsp;&nbsp;&nbsp;&nbsp;2.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market equity | &nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| **Fixed income** | &nbsp;&nbsp;**49.4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermediate bond | &nbsp;&nbsp;&nbsp;21.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-sector bond | &nbsp;&nbsp;&nbsp;&nbsp;8.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term bond | &nbsp;&nbsp;&nbsp;&nbsp;5.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market debt | &nbsp;&nbsp;&nbsp;&nbsp;5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High yield bond | &nbsp;&nbsp;&nbsp;&nbsp;4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank loan | &nbsp;&nbsp;&nbsp;&nbsp;4.4 |
| **Alternative and specialty** | &nbsp;&nbsp;&nbsp;&nbsp;**5.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sector equity | &nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-asset income | &nbsp;&nbsp;&nbsp;&nbsp;1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Absolute return | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | &nbsp;&nbsp;&nbsp;&nbsp;0.5 |
| **U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;**8.0** |

---

#### PERFORMANCE CHART

------

Total returns with maximum sales charge for the period ended 12-31-22 (%)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Class A** | &nbsp;&nbsp;**Class C** | &nbsp;&nbsp;**Class I<sup>1,2</sup>** | &nbsp;&nbsp;**Class R2<sup>2</sup>** | &nbsp;&nbsp;**Class R4<sup>2</sup>** | &nbsp;&nbsp;**Class R5<sup>2</sup>** | &nbsp;&nbsp;**Class R6<sup>2</sup>** | &nbsp;&nbsp;**Class 1<sup>2</sup>** | &nbsp;&nbsp;**Class 5<sup>2</sup>** | &nbsp;&nbsp;**Index 1** | &nbsp;&nbsp;**Index 2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 year | -17.92 | -15.47 | -13.84 | -14.20 | -13.95 | -13.78 | -13.77 | -13.77 | -13.68 | -14.06 | -14.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | &nbsp;&nbsp;&nbsp;&nbsp;1.69 | &nbsp;&nbsp;&nbsp;&nbsp;2.71 | &nbsp;&nbsp;&nbsp;&nbsp;2.32 | &nbsp;&nbsp;&nbsp;&nbsp;2.57 | &nbsp;&nbsp;&nbsp;&nbsp;2.77 | &nbsp;&nbsp;&nbsp;&nbsp;2.82 | &nbsp;&nbsp;&nbsp;&nbsp;2.78 | &nbsp;&nbsp;&nbsp;&nbsp;2.85 | &nbsp;&nbsp;&nbsp;&nbsp;3.05 | &nbsp;&nbsp;&nbsp;&nbsp;3.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;&nbsp;&nbsp;3.59 | &nbsp;&nbsp;&nbsp;&nbsp;3.32 | &nbsp;&nbsp;&nbsp;&nbsp;4.13 | &nbsp;&nbsp;&nbsp;&nbsp;3.95 | &nbsp;&nbsp;&nbsp;&nbsp;4.20 | &nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;4.48 | &nbsp;&nbsp;&nbsp;&nbsp;4.44 | &nbsp;&nbsp;&nbsp;&nbsp;4.50 | &nbsp;&nbsp;&nbsp;&nbsp;4.85 | &nbsp;&nbsp;&nbsp;&nbsp;4.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;&nbsp;7.66 | &nbsp;&nbsp;&nbsp;&nbsp;8.76 | &nbsp;&nbsp;14.32 | &nbsp;&nbsp;12.14 | &nbsp;&nbsp;13.52 | &nbsp;&nbsp;14.64 | &nbsp;&nbsp;14.90 | &nbsp;&nbsp;14.71 | &nbsp;&nbsp;15.09 | &nbsp;&nbsp;16.19 | &nbsp;&nbsp;16.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;42.25 | &nbsp;&nbsp;38.64 | &nbsp;&nbsp;49.82 | &nbsp;&nbsp;47.31 | &nbsp;&nbsp;50.83 | &nbsp;&nbsp;53.79 | &nbsp;&nbsp;54.96 | &nbsp;&nbsp;54.46 | &nbsp;&nbsp;55.29 | &nbsp;&nbsp;60.56 | &nbsp;&nbsp;59.87 |

---

*Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 4.5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5.0% to 4.5%, effective 8-1-19. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, Class 1, and Class 5 shares.*

*Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.*

*The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2023 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;Class I | &nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;Class 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross (%) | &nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;1.96 | &nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;0.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (%) | &nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;1.96 | &nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;0.84 |

---

*Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.*

*The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.*

*The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

<sup>1</sup> *Class I shares were first offered on 5-1-15. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.* 

<sup>2</sup> *For certain types of investors, as described in the portfolio's prospectuses.* 

10 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Multimanager Lifestyle Conservative Portfolio

#### GROWTH OF $10,000

------

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Multimanager Lifestyle Conservative Portfolio for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in a blended index and a separate index.

![](imgac9171e422.gif)

**Index 1 is the Morningstar U.S. Conservative Target Allocation Index which seeks 22.5% exposure to global equity markets from a diversified mix of stocks and bonds.**

**Index 2 is the John Hancock Lifestyle Conservative Index which comprises 9.8% of the S&P 500 Index, 3.6% of the MSCI World ex-USA Index, 4.2% of the Russell 2500 Index, 2.4% of the MSCI Emerging Markets Index, 6.0% of the ICE Bank of America U.S. High Yield Index, 6.0% of the JP Morgan EMBI Global Index, 6.0% of the S&P/LSTA Leveraged Loan Index, 52.0% of the Bloomberg U.S. Aggregate Bond Index, and 10.0% of the Bloomberg 1-5 Year TIPS Index** 

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.

---

| | |
|:---|:---|
| **ASSET ALLOCATION (% of net assets)** | **ASSET ALLOCATION (% of net assets)** |
| **Affiliated investment companies** | &nbsp;&nbsp;**91.1** |
| **Equity** | &nbsp;&nbsp;**18.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International equity | &nbsp;&nbsp;&nbsp;&nbsp;6.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. large cap | &nbsp;&nbsp;&nbsp;&nbsp;4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. mid cap | &nbsp;&nbsp;&nbsp;&nbsp;2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. small cap | &nbsp;&nbsp;&nbsp;&nbsp;1.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large blend | &nbsp;&nbsp;&nbsp;&nbsp;1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market equity | &nbsp;&nbsp;&nbsp;&nbsp;1.0 |
| **Fixed income** | &nbsp;&nbsp;**69.3** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intermediate bond | &nbsp;&nbsp;&nbsp;32.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-sector bond | &nbsp;&nbsp;&nbsp;&nbsp;9.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term bond | &nbsp;&nbsp;&nbsp;&nbsp;7.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging-market debt | &nbsp;&nbsp;&nbsp;&nbsp;6.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;High yield bond | &nbsp;&nbsp;&nbsp;&nbsp;6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank loan | &nbsp;&nbsp;&nbsp;&nbsp;5.9 |
| **Alternative and specialty** | &nbsp;&nbsp;&nbsp;&nbsp;**3.7** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-asset income | &nbsp;&nbsp;&nbsp;&nbsp;2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infrastructure | &nbsp;&nbsp;&nbsp;&nbsp;1.7 |
| **U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;**8.9** |

---

#### PERFORMANCE CHART

------

Total returns with maximum sales charge for the period ended 12-31-22 (%)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Class A** | &nbsp;&nbsp;**Class C** | &nbsp;&nbsp;**Class I<sup>1,2</sup>** | &nbsp;&nbsp;**Class R2<sup>2</sup>** | &nbsp;&nbsp;**Class R4<sup>2</sup>** | &nbsp;&nbsp;**Class R5<sup>2</sup>** | &nbsp;&nbsp;**Class R6<sup>2</sup>** | &nbsp;&nbsp;**Class 1<sup>2</sup>** | &nbsp;&nbsp;**Index 1** | &nbsp;&nbsp;**Index 2** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Average annual total returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 year | -16.00 | -13.55 | -11.76 | -12.09 | -11.90 | -11.79 | -11.67 | -11.72 | -13.02 | -12.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.62 | &nbsp;&nbsp;&nbsp;&nbsp;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;1.47 | &nbsp;&nbsp;&nbsp;&nbsp;1.66 | &nbsp;&nbsp;&nbsp;&nbsp;1.73 | &nbsp;&nbsp;&nbsp;&nbsp;1.69 | &nbsp;&nbsp;&nbsp;&nbsp;1.89 | &nbsp;&nbsp;&nbsp;&nbsp;1.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | &nbsp;&nbsp;&nbsp;2.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.79 | &nbsp;&nbsp;&nbsp;&nbsp;2.59 | &nbsp;&nbsp;&nbsp;&nbsp;2.42 | &nbsp;&nbsp;&nbsp;&nbsp;2.63 | &nbsp;&nbsp;&nbsp;&nbsp;2.85 | &nbsp;&nbsp;&nbsp;&nbsp;2.93 | &nbsp;&nbsp;&nbsp;&nbsp;2.89 | &nbsp;&nbsp;&nbsp;&nbsp;3.25 | &nbsp;&nbsp;&nbsp;&nbsp;3.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cumulative returns** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 year | &nbsp;&nbsp;&nbsp;1.91 | &nbsp;&nbsp;&nbsp;&nbsp;3.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.39 | &nbsp;&nbsp;&nbsp;&nbsp;6.32 | &nbsp;&nbsp;&nbsp;&nbsp;7.56 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;8.93 | &nbsp;&nbsp;&nbsp;&nbsp;8.71 | &nbsp;&nbsp;&nbsp;&nbsp;9.80 | &nbsp;&nbsp;10.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-year | 22.46 | &nbsp;&nbsp;19.38 | &nbsp;&nbsp;29.09 | &nbsp;&nbsp;27.01 | &nbsp;&nbsp;29.69 | &nbsp;&nbsp;32.47 | &nbsp;&nbsp;33.50 | &nbsp;&nbsp;32.97 | &nbsp;&nbsp;37.68 | &nbsp;&nbsp;37.30 |

---

*Performance figures assume all distributions have been reinvested. Returns with maximum sales charge reflect a sales charge on Class A shares of 4.5%, and the applicable contingent deferred sales charge (CDSC) on Class C shares. The returns for Class A shares have been adjusted to reflect the reduction in the maximum sales charge from 5.0% to 4.5%, effective 8-1-19. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R5, Class R6, and Class 1 shares.*

*Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.*

*The expense ratios of the portfolio, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the portfolio and may differ from those disclosed in the Financial highlights tables in this report. Net expenses reflect contractual expense limitations in effect until April 30, 2023 and are subject to change. Had the contractual fee waivers and expense limitations not been in place, gross expenses would apply. The following expense ratios include expenses of the underlying funds in which the portfolio invests. The expense ratios are as follows:*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;Class I | &nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;Class 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross (%) | &nbsp;&nbsp;&nbsp;1.22 | &nbsp;&nbsp;&nbsp;1.92 | &nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;1.32 | &nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;0.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (%) | &nbsp;&nbsp;&nbsp;1.22 | &nbsp;&nbsp;&nbsp;1.92 | &nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;1.32 | &nbsp;&nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;0.86 |

---

*Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.*

*The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the portfolio's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800–225–5291 or visit the portfolio's website at jhinvestments.com.*

*The performance information does not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. The portfolio's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

<sup>1</sup> *Class I shares were first offered on 5-1-15. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.* 

<sup>2</sup> *For certain types of investors, as described in the portfolio's prospectuses.* 

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 11

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Your expenses

As a shareholder of a John Hancock Funds II Multimanager Lifestyle Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees, distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, each portfolio indirectly bears a pro rata share of the operating expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs, and a portfolio may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts shown.

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 (July 1, 2022 through December 31, 2022).

#### Actual expenses:
The first line of each share class in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses paid during period ended" to estimate the expenses you paid on your account during this period.

#### Hypothetical example for comparison purposes:
The second line of each share class in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. 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. See the portfolios' prospectuses for details regarding transaction costs.

#### SHAREHOLDER EXPENSE EXAMPLE CHART

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Account<br> value on<br> 7-1-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Ending<br> value on<br> 12-31-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Expenses<br> paid during<br> period ended<br> 12-31-2022<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Annualized<br> expense<br> ratio<sup>2</sup>** |
| &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** |
| **Class A** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$1017.70 | &nbsp;&nbsp;&nbsp;&nbsp;$2.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.52% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.60 | &nbsp;&nbsp;&nbsp;&nbsp;2.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.52% |
| **Class C** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1013.60 | &nbsp;&nbsp;&nbsp;&nbsp;6.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.22% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1019.10 | &nbsp;&nbsp;&nbsp;&nbsp;6.21 | &nbsp;&nbsp;&nbsp;&nbsp;1.22% |
| **Class I** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1018.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.22% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.22% |
| **Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1017.60 | &nbsp;&nbsp;&nbsp;&nbsp;3.05 | &nbsp;&nbsp;&nbsp;&nbsp;0.60% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.20 | &nbsp;&nbsp;&nbsp;&nbsp;3.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.60% |
| **Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1018.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.37% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.30 | &nbsp;&nbsp;&nbsp;&nbsp;1.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.37% |
| **Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1019.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;0.17% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;0.17% |
| **Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1019.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.12% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.12% |
| **Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1019.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.16% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;&nbsp;0.16% |

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12 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### SHAREHOLDER EXPENSE EXAMPLE CHART (continued)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Account<br> value on<br> 7-1-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Ending<br> value on<br> 12-31-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Expenses<br> paid during<br> period ended<br> 12-31-2022<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Annualized<br> expense<br> ratio<sup>2</sup>** |
| &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** |
| **Class A** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$1013.60 | &nbsp;&nbsp;&nbsp;&nbsp;$2.74 | &nbsp;&nbsp;&nbsp;&nbsp;0.54% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.50 | &nbsp;&nbsp;&nbsp;&nbsp;2.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.54% |
| **Class C** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1009.60 | &nbsp;&nbsp;&nbsp;&nbsp;6.28 | &nbsp;&nbsp;&nbsp;&nbsp;1.24% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1019.00 | &nbsp;&nbsp;&nbsp;&nbsp;6.31 | &nbsp;&nbsp;&nbsp;&nbsp;1.24% |
| **Class I** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1014.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.23% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.23% |
| **Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1012.80 | &nbsp;&nbsp;&nbsp;&nbsp;3.15 | &nbsp;&nbsp;&nbsp;&nbsp;0.62% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.10 | &nbsp;&nbsp;&nbsp;&nbsp;3.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.62% |
| **Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1013.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.93 | &nbsp;&nbsp;&nbsp;&nbsp;0.38% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.30 | &nbsp;&nbsp;&nbsp;&nbsp;1.94 | &nbsp;&nbsp;&nbsp;&nbsp;0.38% |
| **Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1015.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
| **Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1015.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.13% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.13% |
| **Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1015.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
| **Class 5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1015.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.13% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.13% |
| &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** |
| **Class A** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$1005.50 | &nbsp;&nbsp;&nbsp;&nbsp;$2.83 | &nbsp;&nbsp;&nbsp;&nbsp;0.56% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.40 | &nbsp;&nbsp;&nbsp;&nbsp;2.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.56% |
| **Class C** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1002.60 | &nbsp;&nbsp;&nbsp;&nbsp;6.41 | &nbsp;&nbsp;&nbsp;&nbsp;1.27% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1018.80 | &nbsp;&nbsp;&nbsp;&nbsp;6.46 | &nbsp;&nbsp;&nbsp;&nbsp;1.27% |
| **Class I** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1006.40 | &nbsp;&nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;&nbsp;0.26% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.26% |
| **Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1005.10 | &nbsp;&nbsp;&nbsp;&nbsp;3.23 | &nbsp;&nbsp;&nbsp;&nbsp;0.64% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.00 | &nbsp;&nbsp;&nbsp;&nbsp;3.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.64% |
| **Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1006.40 | &nbsp;&nbsp;&nbsp;&nbsp;2.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.41% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.10 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp;&nbsp;0.41% |
| **Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1007.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.21% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.21% |
| **Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1007.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.16% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.82 | &nbsp;&nbsp;&nbsp;&nbsp;0.16% |
| **Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1007.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| **Class 5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1007.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | &nbsp;&nbsp;&nbsp;&nbsp;0.15% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.15% |

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ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 13

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Account<br> value on<br> 7-1-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Ending<br> value on<br> 12-31-2022** | &nbsp;&nbsp;&nbsp;&nbsp;**Expenses<br> paid during<br> period ended<br> 12-31-2022<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Annualized<br> expense<br> ratio<sup>2</sup>** |
| &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** |
| **Class A** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$1001.80 | &nbsp;&nbsp;&nbsp;&nbsp;$2.93 | &nbsp;&nbsp;&nbsp;&nbsp;0.58% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.30 | &nbsp;&nbsp;&nbsp;&nbsp;2.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.58% |
| **Class C** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998.00 | &nbsp;&nbsp;&nbsp;&nbsp;6.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.29% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1018.70 | &nbsp;&nbsp;&nbsp;&nbsp;6.56 | &nbsp;&nbsp;&nbsp;&nbsp;1.29% |
| **Class I** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1003.40 | &nbsp;&nbsp;&nbsp;&nbsp;1.41 | &nbsp;&nbsp;&nbsp;&nbsp;0.28% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.43 | &nbsp;&nbsp;&nbsp;&nbsp;0.28% |
| **Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1001.20 | &nbsp;&nbsp;&nbsp;&nbsp;3.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.67% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1021.80 | &nbsp;&nbsp;&nbsp;&nbsp;3.41 | &nbsp;&nbsp;&nbsp;&nbsp;0.67% |
| **Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1002.60 | &nbsp;&nbsp;&nbsp;&nbsp;2.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.43% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.19 | &nbsp;&nbsp;&nbsp;&nbsp;0.43% |
| **Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1003.70 | &nbsp;&nbsp;&nbsp;&nbsp;1.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.23% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.23% |
| **Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1003.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.18% |
| **Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1003.70 | &nbsp;&nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.22% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.22% |
| **Class 5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1004.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.17% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;0.17% |
| &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
| **Class A** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;$1001.00 | &nbsp;&nbsp;&nbsp;&nbsp;$3.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.61% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.10 | &nbsp;&nbsp;&nbsp;&nbsp;3.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.61% |
| **Class C** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996.40 | &nbsp;&nbsp;&nbsp;&nbsp;6.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.31% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1018.60 | &nbsp;&nbsp;&nbsp;&nbsp;6.67 | &nbsp;&nbsp;&nbsp;&nbsp;1.31% |
| **Class I** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1002.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.30% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.70 | &nbsp;&nbsp;&nbsp;&nbsp;1.53 | &nbsp;&nbsp;&nbsp;&nbsp;0.30% |
| **Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1000.70 | &nbsp;&nbsp;&nbsp;&nbsp;3.28 | &nbsp;&nbsp;&nbsp;&nbsp;0.65% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1021.90 | &nbsp;&nbsp;&nbsp;&nbsp;3.31 | &nbsp;&nbsp;&nbsp;&nbsp;0.65% |
| **Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1001.80 | &nbsp;&nbsp;&nbsp;&nbsp;2.32 | &nbsp;&nbsp;&nbsp;&nbsp;0.46% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1022.90 | &nbsp;&nbsp;&nbsp;&nbsp;2.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.46% |
| **Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1002.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.28 | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
| **Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1003.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.21% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1024.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.21% |
| **Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;Actual expenses/actual returns | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1002.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hypothetical example | &nbsp;&nbsp;&nbsp;&nbsp;1000.00 | &nbsp;&nbsp;&nbsp;&nbsp;1023.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.28 | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |

---

<sup>1</sup> Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

<sup>2</sup> Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios.

14 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Portfolios' investments

---

| | |
|:---|:---|
| **Subadvisors of Affiliated Underlying Funds** | **Subadvisors of Affiliated Underlying Funds** |
| Allspring Global Investments, LLC | &nbsp;&nbsp;(Allspring Investments) |
| Axiom International Investors LLC | &nbsp;&nbsp;(Axiom) |
| BCSF Advisors, LP (Bain Capital Credit) | &nbsp;&nbsp;(Bain Capital) |
| Boston Partners Global Investors, Inc. | &nbsp;&nbsp;(Boston Partners) |
| Dimensional Fund Advisors LP | &nbsp;&nbsp;(DFA) |
| Epoch Investment Partners, Inc. | &nbsp;&nbsp;(Epoch) |
| Graham Capital Management, L.P. | &nbsp;&nbsp;(Graham) |
| Jennison Associates LLC | &nbsp;&nbsp;(Jennison) |
| Manulife Investment Management (North America) Limited | &nbsp;&nbsp;(MIM NA) |
| Manulife Investment Management (US) LLC | &nbsp;&nbsp;(MIM US) |
| Pictet Asset Management SA | &nbsp;&nbsp;(Pictet) |
| Redwood Investments, LLC | &nbsp;&nbsp;(Redwood) |
| T. Rowe Price Associates, Inc. | &nbsp;&nbsp;(T. Rowe Price) |
| Wellington Management Company LLP | &nbsp;&nbsp;(Wellington) |

---

#### MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO

------

As of 12-31-22

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 99.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 99.0%** |  |
| **Equity - 89.4%** |  |  |
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 4763924 | $157304756 |
| Capital Appreciation, Class NAV, JHF II (Jennison) | 7850686 | &nbsp;&nbsp;&nbsp;&nbsp;74895541 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 10058688 | &nbsp;&nbsp;&nbsp;&nbsp;80972442 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 7065530 | &nbsp;&nbsp;&nbsp;147952201 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 12426929 | &nbsp;&nbsp;&nbsp;162544225 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 21353157 | &nbsp;&nbsp;&nbsp;187267184 |
| Equity Income, Class NAV, JHF II (T. Rowe Price) | 12385736 | &nbsp;&nbsp;&nbsp;227402120 |
| Financial Industries, Class NAV, JHIT II (MIM US) (B) | 2775347 | &nbsp;&nbsp;&nbsp;&nbsp;41158394 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 4050968 | &nbsp;&nbsp;&nbsp;216767308 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 4158279 | &nbsp;&nbsp;&nbsp;&nbsp;42996608 |
| Global Thematic Opportunities, Class NAV, JHIT (Pictet) | 6017863 | &nbsp;&nbsp;&nbsp;&nbsp;63368102 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 4074115 | &nbsp;&nbsp;&nbsp;&nbsp;36341103 |
| International Growth, Class NAV, JHF III (Wellington) | 3783128 | &nbsp;&nbsp;&nbsp;&nbsp;84893382 |
| International Small Company, Class NAV, JHF II (DFA) | 8838306 | &nbsp;&nbsp;&nbsp;&nbsp;83345227 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 26507614 | &nbsp;&nbsp;&nbsp;228495631 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 12512585 | &nbsp;&nbsp;&nbsp;155656553 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 14558115 | &nbsp;&nbsp;&nbsp;216624747 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 3081553 | &nbsp;&nbsp;&nbsp;&nbsp;71461214 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 7466222 | &nbsp;&nbsp;&nbsp;101689937 |
| Small Cap Growth, Class NAV, JHF II (Redwood) (C) | 4575630 | &nbsp;&nbsp;&nbsp;&nbsp;59895003 |
| Small Cap Value, Class NAV, JHF II (Wellington) | 4159129 | &nbsp;&nbsp;&nbsp;&nbsp;69748602 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 17315607 | &nbsp;&nbsp;&nbsp;141295354 |
| **Fixed income - 2.1%** |  |  |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 3768928 | &nbsp;&nbsp;&nbsp;&nbsp;40817494 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 2081610 | &nbsp;&nbsp;&nbsp;&nbsp;15070859 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 2607725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7484171 |
| **Alternative and specialty - 7.5%** |  |  |
| Diversified Macro, Class NAV, JHIT (Graham) | 2390434 | &nbsp;&nbsp;&nbsp;&nbsp;21394386 |
| Diversified Real Assets, Class NAV, JHIT (MIM NA/Wellington) (B) | 12704527 | &nbsp;&nbsp;&nbsp;140639110 |
| Health Sciences, Class NAV, JHF II (T. Rowe Price) | 9379114 | &nbsp;&nbsp;&nbsp;&nbsp;45301119 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 15

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO (continued)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **Alternative and specialty - (continued)** |  |  |
| Science & Technology, Class NAV, JHF II (T. Rowe Price) | 14251435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16246636 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $2,811,083,800) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $2,811,083,800) | &nbsp;&nbsp;&nbsp;$2939029409 |
| **COMMON STOCKS - 0.0%** | **COMMON STOCKS - 0.0%** |  |
| **Energy - 0.0%** |  |  |
| Sakari Resources, Ltd. (C)(D)(E) | 215623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164205 |
| TOTAL COMMON STOCKS (Cost<br> $91,716) | TOTAL COMMON STOCKS (Cost<br> $91,716) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$164205 |
| **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.0%** | **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.0%** |  |
| **U.S. Government - 1.0%** |  |  |
| U.S. Treasury STRIPS, PO, 3.773%, 11/15/2052 | $3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976 |
| U.S. Treasury STRIPS, PO, 3.945%, 08/15/2051 | 25670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8344695 |
| U.S. Treasury STRIPS, PO, 3.993%, 05/15/2050 | 35653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12020806 |
| U.S. Treasury STRIPS, PO, 4.007%, 11/15/2048 | 18002000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6418193 |
| U.S. Treasury STRIPS, PO, 4.142%, 05/15/2047 | 6786000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2487505 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $41,473,361) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $41,473,361) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29272175 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 4.2988% (F)(G) | 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,046) | TOTAL SHORT-TERM INVESTMENTS (Cost $1,046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1046 |
| **Total investments (Cost $2,852,649,923) - 100.0%** | **Total investments (Cost $2,852,649,923) - 100.0%** | **$2968466835** |
| **Other assets and liabilities, net - 0.0%** | **Other assets and liabilities, net - 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**73886** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | **$2968540721** |

---

#### MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO

------

As of 12-31-22

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 96.3%** | **AFFILIATED INVESTMENT COMPANIES (A) - 96.3%** |  |
| **Equity - 74.4%** |  |  |
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 10783198 | $356061214 |
| Capital Appreciation, Class NAV, JHF II (Jennison) | 20028201 | &nbsp;&nbsp;&nbsp;191069036 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 43230577 | &nbsp;&nbsp;&nbsp;348006145 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 16770804 | &nbsp;&nbsp;&nbsp;351180640 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 28099522 | &nbsp;&nbsp;&nbsp;367541745 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 38864671 | &nbsp;&nbsp;&nbsp;340843164 |

---

#### MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **Equity - (continued)** |  |  |
| Equity Income, Class NAV, JHF II (T. Rowe Price) | 28652564 | &nbsp;&nbsp;&nbsp;&nbsp;$526061080 |
| Financial Industries, Class NAV, JHIT II (MIM US) (B) | 6389633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94758256 |
| Fundamental Global Franchise, Class NAV, JHF II (MIM US) (B) | 10594753 | &nbsp;&nbsp;&nbsp;&nbsp;100756105 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 7262930 | &nbsp;&nbsp;&nbsp;&nbsp;388639365 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 15861479 | &nbsp;&nbsp;&nbsp;&nbsp;164007690 |
| Global Thematic Opportunities, Class NAV, JHIT (Pictet) | 13064365 | &nbsp;&nbsp;&nbsp;&nbsp;137567761 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 9406423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83905294 |
| International Growth, Class NAV, JHF III (Wellington) | 7786504 | &nbsp;&nbsp;&nbsp;&nbsp;174729146 |
| International Small Company, Class NAV, JHF II (DFA) | 19352177 | &nbsp;&nbsp;&nbsp;&nbsp;182491027 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 60623888 | &nbsp;&nbsp;&nbsp;&nbsp;522577911 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 28156709 | &nbsp;&nbsp;&nbsp;&nbsp;350269459 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 33076023 | &nbsp;&nbsp;&nbsp;&nbsp;492171229 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 8405994 | &nbsp;&nbsp;&nbsp;&nbsp;194935001 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 17550146 | &nbsp;&nbsp;&nbsp;&nbsp;239032987 |
| Small Cap Growth, Class NAV, JHF II (Redwood) (C) | 8818615 | &nbsp;&nbsp;&nbsp;&nbsp;115435669 |
| Small Cap Value, Class NAV, JHF II (Wellington) | 8533794 | &nbsp;&nbsp;&nbsp;&nbsp;143111733 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 38924970 | &nbsp;&nbsp;&nbsp;&nbsp;317627755 |
| **Fixed income - 15.4%** |  |  |
| Bond, Class NAV, JHSB (MIM US) (B) | 38544440 | &nbsp;&nbsp;&nbsp;&nbsp;513797387 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 22874790 | &nbsp;&nbsp;&nbsp;&nbsp;165613477 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 16111380 | &nbsp;&nbsp;&nbsp;&nbsp;118901985 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 46178377 | &nbsp;&nbsp;&nbsp;&nbsp;132531943 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 10154673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93422988 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 26131208 | &nbsp;&nbsp;&nbsp;&nbsp;251643532 |
| **Alternative and specialty - 6.5%** |  |  |
| Diversified Macro, Class NAV, JHIT (Graham) | 4204197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37627565 |
| Diversified Real Assets, Class NAV, JHIT (MIM NA/Wellington) (B) | 31536847 | &nbsp;&nbsp;&nbsp;&nbsp;349112901 |
| Health Sciences, Class NAV, JHF II (T. Rowe Price) | 21766891 | &nbsp;&nbsp;&nbsp;&nbsp;105134082 |
| Science & Technology, Class NAV, JHF II (T. Rowe Price) | 39191254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44678030 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $7,850,943,113) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $7,850,943,113) | $7995243302 |

---

16 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 0.0%** | **COMMON STOCKS - 0.0%** |  |
| **Energy - 0.0%** |  |  |
| Sakari Resources, Ltd. (C)(D)(E) | 489868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$373054 |
| TOTAL COMMON STOCKS (Cost<br> $212,395) | TOTAL COMMON STOCKS (Cost<br> $212,395) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$373054 |
| **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 3.7%** | **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 3.7%** |  |
| **U.S. Government - 3.7%** |  |  |
| U.S. Treasury Inflation Protected Security, 0.125%, 07/15/2024 | $21022127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20343838 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2025 | 59804067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56992916 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 | 32157980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30232146 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | 30143962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28091185 |
| U.S. Treasury STRIPS, PO, 3.773%, 11/15/2052 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976 |
| U.S. Treasury STRIPS, PO, 3.945%, 08/15/2051 | 153312000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49838016 |
| U.S. Treasury STRIPS, PO, 3.993%, 05/15/2050 | 210400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70938706 |
| U.S. Treasury STRIPS, PO, 4.007%, 11/15/2048 | 107472000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38316632 |
| U.S. Treasury STRIPS, PO, 4.142%, 05/15/2047 | 40093000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14696660 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $402,009,138) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $402,009,138) | &nbsp;&nbsp;&nbsp;&nbsp;$309451075 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 4.2988% (F)(G) | 107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,069) | TOTAL SHORT-TERM INVESTMENTS (Cost $1,069) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1069 |
| **Total investments (Cost $8,253,165,715) - 100.0%** | **Total investments (Cost $8,253,165,715) - 100.0%** | **$8305068500** |
| **Other assets and liabilities, net - 0.0%** | **Other assets and liabilities, net - 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**237178** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | **$8305305678** |

---

#### MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO

------

As of 12-31-22

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 92.3%** | **AFFILIATED INVESTMENT COMPANIES (A) - 92.3%** |  |
| **Equity - 55.7%** |  |  |
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 6704615 | $221386374 |
| Capital Appreciation, Class NAV, JHF II (Jennison) | 11041956 | &nbsp;&nbsp;&nbsp;105340262 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 45194399 | &nbsp;&nbsp;&nbsp;363814911 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 10216754 | &nbsp;&nbsp;&nbsp;213938834 |

---

#### MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **Equity - (continued)** |  |  |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 21605294 | $282597247 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 22203392 | &nbsp;&nbsp;&nbsp;194723750 |
| Equity Income, Class NAV, JHF II (T. Rowe Price) | 17294816 | &nbsp;&nbsp;&nbsp;317532823 |
| Financial Industries, Class NAV, JHIT II (MIM US) (B) | 4674729 | &nbsp;&nbsp;&nbsp;&nbsp;69326236 |
| Fundamental Global Franchise, Class NAV, JHF II (MIM US) (B) | 9798377 | &nbsp;&nbsp;&nbsp;&nbsp;93182570 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 4325489 | &nbsp;&nbsp;&nbsp;231456908 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 17197997 | &nbsp;&nbsp;&nbsp;177827287 |
| Global Shareholder Yield, Class NAV, JHF III (Epoch) | 3870258 | &nbsp;&nbsp;&nbsp;&nbsp;39244413 |
| Global Thematic Opportunities, Class NAV, JHIT (Pictet) | 6243880 | &nbsp;&nbsp;&nbsp;&nbsp;65748055 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 6924623 | &nbsp;&nbsp;&nbsp;&nbsp;61767637 |
| International Growth, Class NAV, JHF III (Wellington) | 6135985 | &nbsp;&nbsp;&nbsp;137691499 |
| International Small Company, Class NAV, JHF II (DFA) | 9636413 | &nbsp;&nbsp;&nbsp;&nbsp;90871374 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 37293675 | &nbsp;&nbsp;&nbsp;321471482 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 17931246 | &nbsp;&nbsp;&nbsp;223064701 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 22321193 | &nbsp;&nbsp;&nbsp;332139346 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 5268702 | &nbsp;&nbsp;&nbsp;122181199 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 11323170 | &nbsp;&nbsp;&nbsp;154221569 |
| Small Cap Growth, Class NAV, JHF II (Redwood) (C) | 5744112 | &nbsp;&nbsp;&nbsp;&nbsp;75190430 |
| Small Cap Value, Class NAV, JHF II (Wellington) | 6288804 | &nbsp;&nbsp;&nbsp;105463236 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 35933121 | &nbsp;&nbsp;&nbsp;293214269 |
| **Fixed income - 30.7%** |  |  |
| Bond, Class NAV, JHSB (MIM US) (B) | 51506069 | &nbsp;&nbsp;&nbsp;686575904 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 14071732 | &nbsp;&nbsp;&nbsp;152396860 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 37877225 | &nbsp;&nbsp;&nbsp;274231108 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 31104653 | &nbsp;&nbsp;&nbsp;229552338 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 85410824 | &nbsp;&nbsp;&nbsp;245129064 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 25982090 | &nbsp;&nbsp;&nbsp;239035224 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 56614367 | &nbsp;&nbsp;&nbsp;545196359 |
| **Alternative and specialty - 5.9%** |  |  |
| Diversified Macro, Class NAV, JHIT (Graham) | 6123786 | &nbsp;&nbsp;&nbsp;&nbsp;54807887 |
| Diversified Real Assets, Class NAV, JHIT (MIM NA/Wellington) (B) | 21973259 | &nbsp;&nbsp;&nbsp;243243972 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 17

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **Alternative and specialty - (continued)** |  |  |
| Health Sciences, Class NAV, JHF II (T. Rowe Price) | 16251619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$78495319 |
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 4388886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39368309 |
| Science & Technology, Class NAV, JHF II (T. Rowe Price) | 33309814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37973188 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $7,150,025,312) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $7,150,025,312) | &nbsp;&nbsp;&nbsp;$7119401944 |
| **COMMON STOCKS - 0.0%** | **COMMON STOCKS - 0.0%** |  |
| **Energy - 0.0%** |  |  |
| Sakari Resources, Ltd. (C)(D)(E) | 303543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231161 |
| TOTAL COMMON STOCKS (Cost<br> $136,608) | TOTAL COMMON STOCKS (Cost<br> $136,608) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$231161 |
| **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 7.7%** | **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 7.7%** |  |
| **U.S. Government - 7.7%** |  |  |
| U.S. Treasury Inflation Protected Security, 0.125%, 07/15/2024 | $40773908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39458319 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2025 | 117524404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112000049 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 | 63185081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59401137 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | 58438951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54459310 |
| U.S. Treasury STRIPS, PO, 3.773%, 11/15/2052 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976 |
| U.S. Treasury STRIPS, PO, 3.945%, 08/15/2051 | 292614000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95121721 |
| U.S. Treasury STRIPS, PO, 3.993%, 05/15/2050 | 395635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133392752 |
| U.S. Treasury STRIPS, PO, 4.007%, 11/15/2048 | 205019000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73094737 |
| U.S. Treasury STRIPS, PO, 4.142%, 05/15/2047 | 75463000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27662038 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $774,013,437) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $774,013,437) | &nbsp;&nbsp;&nbsp;&nbsp;$594591039 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 4.2988% (F)(G) | 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1043 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,043) | TOTAL SHORT-TERM INVESTMENTS (Cost $1,043) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1043 |
| **Total investments (Cost $7,924,176,400) - 100.0%** | **Total investments (Cost $7,924,176,400) - 100.0%** | **$7714225187** |
| **Other assets and liabilities, net - 0.0%** | **Other assets and liabilities, net - 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**542642** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | **$7714767829** |

---

#### MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO

------

As of 12-31-22

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 92.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 92.0%** |  |
| **Equity - 37.5%** |  |  |
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 1134848 | $37472692 |
| Capital Appreciation, Class NAV, JHF II (Jennison) | 1947052 | &nbsp;&nbsp;&nbsp;18574874 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 12995122 | 104610728 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 2053711 | &nbsp;&nbsp;&nbsp;43004710 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 3768978 | &nbsp;&nbsp;&nbsp;49298229 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 2660627 | &nbsp;&nbsp;&nbsp;23333697 |
| Equity Income, Class NAV, JHF II (T. Rowe Price) | 3387309 | &nbsp;&nbsp;&nbsp;62190996 |
| Fundamental Global Franchise, Class NAV, JHF II (MIM US) (B) | 2832478 | &nbsp;&nbsp;&nbsp;26936868 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 882173 | &nbsp;&nbsp;&nbsp;47205057 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 5055468 | &nbsp;&nbsp;&nbsp;52273536 |
| Global Shareholder Yield, Class NAV, JHF III (Epoch) | 2819455 | &nbsp;&nbsp;&nbsp;28589270 |
| International Growth, Class NAV, JHF III (Wellington) | 1847735 | &nbsp;&nbsp;&nbsp;41463169 |
| International Small Company, Class NAV, JHF II (DFA) | 2120744 | &nbsp;&nbsp;&nbsp;19998611 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 8470196 | &nbsp;&nbsp;&nbsp;73013091 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 3871080 | &nbsp;&nbsp;&nbsp;48156237 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 3879252 | &nbsp;&nbsp;&nbsp;57723264 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 1025727 | &nbsp;&nbsp;&nbsp;23786609 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 747535 | &nbsp;&nbsp;&nbsp;10181430 |
| Small Cap Growth, Class NAV, JHF II (Redwood) (C) | 1559020 | &nbsp;&nbsp;&nbsp;20407569 |
| Small Cap Value, Class NAV, JHF II (Wellington) | 1373859 | &nbsp;&nbsp;&nbsp;23039614 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 6418891 | &nbsp;&nbsp;&nbsp;52378150 |
| **Fixed income - 49.4%** |  |  |
| Bond, Class NAV, JHSB (MIM US) (B) | 21803728 | 290643700 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 18933568 | 205050538 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 16294051 | 117968934 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 13896044 | 102552807 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 38250644 | 109779348 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 13009498 | 119687378 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 19983986 | 192445781 |

---

18 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO (continued)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **Alternative and specialty - 5.1%** |  |  |
| Diversified Macro, Class NAV, JHIT (Graham) | 2510485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22468840 |
| Diversified Real Assets, Class NAV, JHIT (MIM NA/Wellington) (B) | 4267558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47241868 |
| Infrastructure, Class NAV, JHIT (Wellington) | 902864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11583742 |
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 3907292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35048409 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $2,230,348,080) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $2,230,348,080) | &nbsp;&nbsp;&nbsp;$2118109746 |
| **COMMON STOCKS - 0.0%** | **COMMON STOCKS - 0.0%** |  |
| **Energy - 0.0%** |  |  |
| Sakari Resources, Ltd. (C)(D)(E) | 50910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38771 |
| TOTAL COMMON STOCKS (Cost<br> $24,354) | TOTAL COMMON STOCKS (Cost<br> $24,354) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38771 |
| **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.0%** | **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.0%** |  |
| **U.S. Government - 8.0%** |  |  |
| U.S. Treasury Inflation Protected Security, 0.125%, 07/15/2024 | $17991268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17410771 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2025 | 52458582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49992713 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 | 28204844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26515750 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | 25782201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24026455 |
| U.S. Treasury STRIPS, PO, 3.773%, 11/15/2052 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976 |
| U.S. Treasury STRIPS, PO, 3.945%, 08/15/2051 | 58909000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19149889 |
| U.S. Treasury STRIPS, PO, 3.993%, 05/15/2050 | 78582000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26494797 |
| U.S. Treasury STRIPS, PO, 4.007%, 11/15/2048 | 41257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14709220 |
| U.S. Treasury STRIPS, PO, 4.142%, 05/15/2047 | 15004000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5499930 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $227,033,660) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $227,033,660) | &nbsp;&nbsp;&nbsp;&nbsp;$183800501 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 4.2988% (F)(G) | 112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1118 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,118) | TOTAL SHORT-TERM INVESTMENTS (Cost $1,118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1118 |
| **Total investments (Cost $2,457,407,212) - 100.0%** | **Total investments (Cost $2,457,407,212) - 100.0%** | **$2301950136** |
| **Other assets and liabilities, net - 0.0%** | **Other assets and liabilities, net - 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**213636** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | **$2302163772** |

---

#### MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO

------

As of 12-31-22

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 91.1%** | **AFFILIATED INVESTMENT COMPANIES (A) - 91.1%** |  |
| **Equity - 18.1%** |  |  |
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 413471 | &nbsp;&nbsp;&nbsp;&nbsp;$13652802 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 5307310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42723847 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 475792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9963076 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 1413740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18491722 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 2150748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18862064 |
| Equity Income, Class NAV, JHF II (T. Rowe Price) | 846421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15540287 |
| Fundamental Global Franchise, Class NAV, JHF II (MIM US) (B) | 1393510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13252276 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 169344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9061605 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 2018850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20874904 |
| Global Shareholder Yield, Class NAV, JHF III (Epoch) | 1187706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12043338 |
| International Growth, Class NAV, JHF III (Wellington) | 717046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16090516 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 5179283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44645423 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 1610283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20031920 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 1550943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23078030 |
| Small Cap Growth, Class NAV, JHF II (Redwood) (C) | 1312837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17185036 |
| Small Cap Value, Class NAV, JHF II (Wellington) | 1104165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18516853 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 2664223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21740057 |
| **Fixed income - 69.3%** |  |  |
| Bond, Class NAV, JHSB (MIM US) (B) | 25672924 | &nbsp;&nbsp;&nbsp;&nbsp;342220082 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 24248446 | &nbsp;&nbsp;&nbsp;&nbsp;262610675 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 17574566 | &nbsp;&nbsp;&nbsp;&nbsp;127239857 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 14974589 | &nbsp;&nbsp;&nbsp;&nbsp;110512468 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 40662961 | &nbsp;&nbsp;&nbsp;&nbsp;116702698 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 15446753 | &nbsp;&nbsp;&nbsp;&nbsp;142110128 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 18831439 | &nbsp;&nbsp;&nbsp;&nbsp;181346756 |
| **Alternative and specialty - 3.7%** |  |  |
| Infrastructure, Class NAV, JHIT (Wellington) | 2503247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32116661 |
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 4137595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37114232 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $1,857,271,708) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost<br> $1,857,271,708) | $1687727313 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 19

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO (continued)

------

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.9%** | **U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.9%** |  |
| **U.S. Government - 8.9%** |  |  |
| U.S. Treasury Inflation Protected Security, 0.125%, 07/15/2024 | $24798151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23998027 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2025 | 73431656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69979927 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 | 39479214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37114935 |
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | 35519915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33101040 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $184,227,650) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost<br> $184,227,650) | &nbsp;&nbsp;&nbsp;&nbsp;$164193929 |
| **SHORT-TERM INVESTMENTS - 0.1%** | **SHORT-TERM INVESTMENTS - 0.1%** |  |
| **Short-term funds - 0.1%** |  |  |
| John Hancock Collateral Trust, 4.2988% (F)(G) | 121734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216831 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,216,891) | TOTAL SHORT-TERM INVESTMENTS (Cost $1,216,891) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1216831 |
| **Total investments (Cost $2,042,716,249) - 100.1%** | **Total investments (Cost $2,042,716,249) - 100.1%** | **$1853138073** |
| **Other assets and liabilities, net - (0.1%)** | **Other assets and liabilities, net - (0.1%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(999492)** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | **$1852138581** |

---

Percentages are based upon net assets.

#### Security Abbreviations and Legend

---

| | |
|:---|:---|
| JHBT | John Hancock Bond Trust |
| JHETF | John Hancock Exchange-Traded Fund Trust |
| JHF II | John Hancock Funds II |
| JHF III | John Hancock Funds III |
| JHIT | John Hancock Investment Trust |
| JHIT II | John Hancock Investment Trust II |
| JHSB | John Hancock Sovereign Bond Fund |
| PO | Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase. |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| (A) | The underlying funds' subadvisor is shown parenthetically. |
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | Non-income producing. |
| (D) | Restricted security as to resale. |
| (E) | 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. |
| (F) | The rate shown is the annualized seven-day yield as of 12-31-22. |
| (G) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |

---

20 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Financial statements

#### STATEMENTS OF ASSETS AND LIABILITIES 12-31-22

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
| **Assets** |  |  |  |  |  |
| Unaffiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;$29436380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$309824129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$594822200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$183839272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$164193929 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;2939030455 | &nbsp;&nbsp;&nbsp;&nbsp;7995244371 | &nbsp;&nbsp;&nbsp;&nbsp;7119402987 | &nbsp;&nbsp;&nbsp;&nbsp;2118110864 | &nbsp;&nbsp;&nbsp;&nbsp;1688944144 |
| **Total investments, at value** | &nbsp;&nbsp;**2968466835** | &nbsp;&nbsp;&nbsp;&nbsp;**8305068500** | &nbsp;&nbsp;&nbsp;&nbsp;**7714225187** | &nbsp;&nbsp;&nbsp;&nbsp;**2301950136** | &nbsp;&nbsp;&nbsp;&nbsp;**1853138073** |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7826299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13911943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5840496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6256177 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1774765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1707203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886417 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14533870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36341591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27557031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6489343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2649255 |
| Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149313 |
| **Total assets** | &nbsp;&nbsp;**2983565953** | &nbsp;&nbsp;&nbsp;&nbsp;**8351468189** | &nbsp;&nbsp;&nbsp;&nbsp;**7757835236** | &nbsp;&nbsp;&nbsp;&nbsp;**2315248630** | &nbsp;&nbsp;&nbsp;&nbsp;**1863079434** |
| **Liabilities** |  |  |  |  |  |
| Due to custodian | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1235831 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1988474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11311159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15664130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6410299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6470732 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12710626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33963297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26459456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6344769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3001625 |
| Payable to affiliates |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98694 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56416 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15025232** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46162511** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**43067407** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13084858** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10940853** |
| **Net assets** | **$2968540721** | &nbsp;&nbsp;**$8305305678** | &nbsp;&nbsp;**$7714767829** | &nbsp;&nbsp;**$2302163772** | &nbsp;&nbsp;**$1852138581** |
| **Net assets consist of** |  |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;$2768787909 | &nbsp;&nbsp;&nbsp;&nbsp;$8103577838 | &nbsp;&nbsp;&nbsp;&nbsp;$7899031701 | &nbsp;&nbsp;&nbsp;&nbsp;$2469321569 | &nbsp;&nbsp;&nbsp;&nbsp;$2089148602 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;199752812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201727840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(184263872) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(167157797) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(237010021) |
| **Net assets** | **$2968540721** | &nbsp;&nbsp;**$8305305678** | &nbsp;&nbsp;**$7714767829** | &nbsp;&nbsp;**$2302163772** | &nbsp;&nbsp;**$1852138581** |
| Unaffiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$41565077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$402221533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$774150045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$227058014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$184227650 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;2811084846 | &nbsp;&nbsp;&nbsp;&nbsp;7850944182 | &nbsp;&nbsp;&nbsp;&nbsp;7150026355 | &nbsp;&nbsp;&nbsp;&nbsp;2230349198 | &nbsp;&nbsp;&nbsp;&nbsp;1858488599 |
| Total investments, at cost | &nbsp;&nbsp;&nbsp;2852649923 | &nbsp;&nbsp;&nbsp;&nbsp;8253165715 | &nbsp;&nbsp;&nbsp;&nbsp;7924176400 | &nbsp;&nbsp;&nbsp;&nbsp;2457407212 | &nbsp;&nbsp;&nbsp;&nbsp;2042716249 |
| **Net asset value per share** |  |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |  |  |
| **Class A<sup>1</sup>** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$514957058 | &nbsp;&nbsp;&nbsp;&nbsp;$1701774694 | &nbsp;&nbsp;&nbsp;&nbsp;$1748410560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$670122342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$666614274 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43266482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143521784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150037309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60430684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60594290 |
| Net asset value and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.09 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.00 |
| **Class C<sup>1</sup>** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$36860481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$109394405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$88378961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$40250205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32042672 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3086812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9215049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7587656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3605544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2911564 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.01 |
| **Class I** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8247252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$28777965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30857799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14749337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16027305 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2448159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2672792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1341558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1459836 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.98 |
| **Class R2** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$11648333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24645217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20397885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7720792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6411997 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2102793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1765316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583937 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.98 |
| **Class R4** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3166410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3432474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5786281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1080432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1834620 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167226 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.97 |
| **Class R5** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3216586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6175583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14378362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10040237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2338806 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1235187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213096 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.98 |
| **Class R6** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$53999451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$118282173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$119436218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30096446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14761226 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4559874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10049667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10353330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2742433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345999 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.97 |
| **Class 1** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;$2336445150 | &nbsp;&nbsp;&nbsp;&nbsp;$5974685265 | &nbsp;&nbsp;&nbsp;&nbsp;$5540410234 | &nbsp;&nbsp;&nbsp;&nbsp;$1472972809 | &nbsp;&nbsp;&nbsp;&nbsp;$1112107681 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;197812069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507607278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480367502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133889559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101372879 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.97 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 21

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

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Continued

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
| **Class 5** |  |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$338137902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$146711529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55131172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28791401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12711964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5022754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Net asset value, offering price and redemption price per share | &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;$11.74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Maximum offering price per share** |  |  |  |  |  |
| Class A (net asset value per share ÷ 95.5%)<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.52 |

---

<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 $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

22 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### STATEMENTS OF OPERATIONS For the year ended 12-31-22

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
| **Investment income** |  |  |  |  |  |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36676007 | &nbsp;&nbsp;&nbsp;&nbsp;$142944050 | &nbsp;&nbsp;&nbsp;&nbsp;$179105499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$68454567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65135906 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17977938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34641736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12548677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14238179 |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37615312** | &nbsp;&nbsp;&nbsp;&nbsp;**160921988** | &nbsp;&nbsp;&nbsp;&nbsp;**213747235** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**81003244** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**79374085** |
| **Expenses** |  |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7458774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21259206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20661187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5846748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4983446 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3505590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10463316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10280236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3641623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3337928 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1570036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352752 |
| Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2389452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2457512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949502 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41800 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33548 |
| State registration fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171104 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36443 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106418 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52845 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12717805** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**36619163** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**35775320** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11318097** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10065786** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5226217) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12960812) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10574289) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2559648) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1904862) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7491588** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23658351** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25201031** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8758449** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8160924** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30123724** | &nbsp;&nbsp;&nbsp;&nbsp;**137263637** | &nbsp;&nbsp;&nbsp;&nbsp;**188546204** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72244795** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**71213161** |
| **Realized and unrealized gain (loss)** |  |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1443174) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16326246) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31319579) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8491134) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5915627) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20835963) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51653787) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77574889) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31504932) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41048966) |
| Capital gain distributions received from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153153937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372514815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269429602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57775070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21525906 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**130874800** | &nbsp;&nbsp;&nbsp;&nbsp;**304534782** | &nbsp;&nbsp;&nbsp;&nbsp;**160535134** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17779004** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(25438687)** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16332368) | &nbsp;&nbsp;&nbsp;&nbsp;(114441079) | &nbsp;&nbsp;&nbsp;&nbsp;(221533225) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49766533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16017776) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(875563040) | &nbsp;&nbsp;&nbsp;(2222438001) | &nbsp;&nbsp;&nbsp;(1756744065) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(447948469) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(309341932) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**(891895408)** | &nbsp;&nbsp;**(2336879080)** | &nbsp;&nbsp;**(1978277290)** | &nbsp;&nbsp;&nbsp;&nbsp;**(497715002)** | &nbsp;&nbsp;&nbsp;&nbsp;**(325359708)** |
| **Net realized and unrealized loss** | &nbsp;&nbsp;&nbsp;&nbsp;**(761020608)** | &nbsp;&nbsp;**(2032344298)** | &nbsp;&nbsp;**(1817742156)** | &nbsp;&nbsp;&nbsp;&nbsp;**(479935998)** | &nbsp;&nbsp;&nbsp;&nbsp;**(350798395)** |
| **Decrease in net assets from operations** | &nbsp;&nbsp;&nbsp;**$(730896884)** | **$(1895080661)** | **$(1629195952)** | &nbsp;&nbsp;&nbsp;**$(407691203)** | &nbsp;&nbsp;&nbsp;**$(279585234)** |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 23

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** |
|  | &nbsp;&nbsp;**Year ended<br> 12-31-22**  | &nbsp;&nbsp;**Year ended<br> 12-31-21**  | &nbsp;&nbsp;**Year ended<br> 12-31-22**  | &nbsp;&nbsp;**Year ended<br> 12-31-21**  | &nbsp;&nbsp;**Year ended<br> 12-31-22**  | &nbsp;&nbsp;**Year ended<br> 12-31-21**  |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30123724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$35721908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$137263637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$143140157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$188546204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$181043745 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130874800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601199891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304534782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485455052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160535134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193043950 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(891895408) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17356005) | &nbsp;&nbsp;&nbsp;&nbsp;(2336879080) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(116448915) | &nbsp;&nbsp;&nbsp;&nbsp;(1978277290) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(226524571) |
| **Increase (decrease) in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(730896884)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**619565794** | &nbsp;&nbsp;&nbsp;**(1895080661)** | &nbsp;&nbsp;&nbsp;&nbsp;**1512146294** | &nbsp;&nbsp;&nbsp;**(1629195952)** | &nbsp;&nbsp;&nbsp;&nbsp;**1147563124** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69571808) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64702777) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(209996492) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(206632761) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(187187690) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(211529315) |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4731421) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5168936) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12784564) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16332268) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8863566) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14684938) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1171382) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1086293) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3749197) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4046840) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3533561) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4222507) |
| Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1569900) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1408050) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3039207) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2863967) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2174958) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2404614) |
| Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(433103) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(290114) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(426460) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(494938) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(629169) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(741486) |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(444936) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(261287) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(776098) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(673106) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1569099) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1648465) |
| Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7487350) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5964748) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15068406) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13118125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13228803) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11523850) |
| Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(326375925) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(320286070) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(763300655) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(791838506) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(621510935) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(737160592) |
| Class 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43240110) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40550453) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16439729) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17992698) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;**(411785825)** | &nbsp;&nbsp;&nbsp;&nbsp;**(399168275)** | &nbsp;&nbsp;&nbsp;**(1052381189)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1076550964)** | &nbsp;&nbsp;&nbsp;&nbsp;**(855137510)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1001908465)** |
| **Portfolio share transactions** |  |  |  |  |  |  |
| From portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114503870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(76862439) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103313567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(335908907) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(180083065) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(271296818) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;**(1028178839)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**143535080** | &nbsp;&nbsp;&nbsp;**(2844148283)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**99686423** | &nbsp;&nbsp;&nbsp;**(2664416527)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(125642159)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;3996719560 | &nbsp;&nbsp;&nbsp;&nbsp;3853184480 | &nbsp;&nbsp;&nbsp;&nbsp;11149453961 | &nbsp;&nbsp;&nbsp;&nbsp;11049767538 | &nbsp;&nbsp;&nbsp;&nbsp;10379184356 | &nbsp;&nbsp;&nbsp;&nbsp;10504826515 |
| **End of year** | &nbsp;&nbsp;**$2968540721** | &nbsp;&nbsp;**$3996719560** | &nbsp;&nbsp;**$8305305678** | &nbsp;&nbsp;**$11149453961** | &nbsp;&nbsp;**$7714767829** | &nbsp;&nbsp;**$10379184356** |

---

24 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

------

Continued

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
|  | &nbsp;&nbsp;**Year ended<br> 12-31-22**  | &nbsp;&nbsp;**Year ended<br> 12-31-21**  | &nbsp;&nbsp;**Year ended<br> 12-31-22**  | &nbsp;&nbsp;**Year ended<br> 12-31-21**  |
| **Increase (decrease) in net assets** |  |  |  |  |
| **From operations** |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$72244795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65564986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$71213161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$61127410 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17779004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243642849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25438687) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109711346 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(497715002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(79068445) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(325359708) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87091411) |
| **Increase (decrease) in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;**(407691203)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**230139390** | &nbsp;&nbsp;&nbsp;&nbsp;**(279585234)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**83747345** |
| **Distributions to shareholders** |  |  |  |  |
| From earnings |  |  |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56121442) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66961519) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41984919) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48129639) |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3095981) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5116701) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1872647) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3059334) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1294589) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1188507) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1198263) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1379787) |
| Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(636530) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(766308) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(393834) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(463184) |
| Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115844) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(240574) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(118464) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(137913) |
| Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(869105) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(684494) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(151328) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(187011) |
| Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2553893) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2370213) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(971551) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1106440) |
| Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(129877218) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(159818494) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74288376) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(88420244) |
| Class 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4904970) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5747962) | &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;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;**(199469572)** | &nbsp;&nbsp;&nbsp;&nbsp;**(242894772)** | &nbsp;&nbsp;&nbsp;&nbsp;**(120979382)** | &nbsp;&nbsp;&nbsp;&nbsp;**(142883552)** |
| **Portfolio share transactions** |  |  |  |  |
| From portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(106567332) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44651061) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(173127511) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21275737) |
| **Total decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(713728107)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(57406443)** | &nbsp;&nbsp;&nbsp;&nbsp;**(573692127)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(80411944)** |
| **Net assets** |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;3015891879 | &nbsp;&nbsp;&nbsp;&nbsp;3073298322 | &nbsp;&nbsp;&nbsp;&nbsp;2425830708 | &nbsp;&nbsp;&nbsp;&nbsp;2506242652 |
| **End of year** | &nbsp;&nbsp;**$2302163772** | &nbsp;&nbsp;**$3015891879** | &nbsp;&nbsp;**$1852138581** | &nbsp;&nbsp;**$2425830708** |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 25

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Financial highlights

#### Multimanager Lifestyle Aggressive Portfolio

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| **Period ended** | &nbsp;&nbsp;**Net asset<br> value,<br> beginning<br> of period ($)** | **Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup>** | **Net realized and<br> unrealized<br> gain (loss)<br> on investments ($)** | **Total from<br> investment<br> operations ($)** | **From net<br> investment<br> income ($)** | **From net<br> realized<br> gain ($)<sup>3</sup>** | **Total<br> distributions ($)** | **Net asset<br> value,<br> end of<br> period ($)** | **Total<br> return<br> (%)<sup>4, 5</sup>** | **Expenses<br> before<br> reductions<br> (%)<sup>6</sup>** | **Expenses<br> including<br> reductions<br> (%)<sup>6</sup>** | **Net<br> investment<br> income<br> (loss) (%)<sup>2</sup>** | **Net<br> assets,<br> end of<br> period<br> (in millions)** | **Portfolio<br> turnover<br> (%)** |
| Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Aggressive Portfolio |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 12-31-2022 | 16.99 | &nbsp;&nbsp;0.09 | (3.32) | (3.23) | (0.10) | (1.76) | (1.86) | 11.90 | (18.89) | 0.67 | 0.51 | &nbsp;&nbsp;0.65 | &nbsp;&nbsp;&nbsp;515 | 10 |
| 12-31-2021 | 16.16 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;2.53 | &nbsp;&nbsp;2.64 | (0.12) | (1.69) | (1.81) | 16.99 | &nbsp;&nbsp;16.33 | 0.64 | 0.50 | &nbsp;&nbsp;0.63 | &nbsp;&nbsp;&nbsp;671 | 21 |
| 12-31-2020 | 14.39 | &nbsp;&nbsp;0.09 | &nbsp;&nbsp;2.61 | &nbsp;&nbsp;2.70 | (0.10) | (0.83) | (0.93) | 16.16 | &nbsp;&nbsp;18.84 | 0.65 | 0.50 | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;599 | 11 |
| 12-31-2019 | 13.10 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;3.12 | &nbsp;&nbsp;3.27 | (0.16) | (1.82) | (1.98) | 14.39 | &nbsp;&nbsp;24.92 | 0.64 | 0.49 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;&nbsp;521 | 29 |
| 12-31-2018 | 16.52 | &nbsp;&nbsp;0.12 | (1.82) | (1.70) | (0.12) | (1.60) | (1.72) | 13.10 | (10.19) | 0.56 | 0.48 | &nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;439 | 22 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 12-31-2022 | 17.03 | (0.02) | (3.32) | (3.34) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.75) | (1.75) | 11.94 | (19.47) | 1.37 | 1.22 | (0.15) | &nbsp;&nbsp;&nbsp;&nbsp;37 | 10 |
| 12-31-2021 | 16.20 | (0.03) | &nbsp;&nbsp;2.54 | &nbsp;&nbsp;2.51 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.68) | (1.68) | 17.03 | &nbsp;&nbsp;15.51 | 1.34 | 1.20 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp;57 | 21 |
| 12-31-2020 | 14.44 | (0.04) | &nbsp;&nbsp;2.64 | &nbsp;&nbsp;2.60 | (0.01) | (0.83) | (0.84) | 16.20 | &nbsp;&nbsp;18.05 | 1.35 | 1.21 | (0.32) | &nbsp;&nbsp;&nbsp;&nbsp;65 | 11 |
| 12-31-2019 | 13.15 | &nbsp;&nbsp;0.03 | &nbsp;&nbsp;3.14 | &nbsp;&nbsp;3.17 | (0.06) | (1.82) | (1.88) | 14.44 | &nbsp;&nbsp;24.03 | 1.34 | 1.20 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;89 | 29 |
| 12-31-2018 | 16.57 | (0.02) | (1.80) | (1.82) | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>7</sup> | (1.60) | (1.60) | 13.15 | (10.87) | 1.26 | 1.18 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp;91 | 22 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 12-31-2022 | 16.92 | &nbsp;&nbsp;0.14 | (3.32) | (3.18) | (0.14) | (1.76) | (1.90) | 11.84 | (18.65) | 0.37 | 0.21 | &nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 10 |
| 12-31-2021 | 16.10 | &nbsp;&nbsp;0.18 | &nbsp;&nbsp;2.50 | &nbsp;&nbsp;2.68 | (0.17) | (1.69) | (1.86) | 16.92 | &nbsp;&nbsp;16.66 | 0.34 | 0.20 | &nbsp;&nbsp;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 21 |
| 12-31-2020 | 14.33 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;2.64 | &nbsp;&nbsp;2.74 | (0.14) | (0.83) | (0.97) | 16.10 | &nbsp;&nbsp;19.20 | 0.35 | 0.20 | &nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 11 |
| 12-31-2019 | 13.04 | &nbsp;&nbsp;0.20 | &nbsp;&nbsp;3.11 | &nbsp;&nbsp;3.31 | (0.20) | (1.82) | (2.02) | 14.33 | &nbsp;&nbsp;25.38 | 0.34 | 0.19 | &nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 29 |
| 12-31-2018 | 16.47 | &nbsp;&nbsp;0.15 | (1.81) | (1.66) | (0.17) | (1.60) | (1.77) | 13.04 | &nbsp;&nbsp;(9.98) | 0.28 | 0.18 | &nbsp;&nbsp;0.91 | &nbsp;&nbsp;&nbsp;&nbsp;10 | 22 |
| **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| 12-31-2022 | 16.82 | &nbsp;&nbsp;0.08 | (3.29) | (3.21) | (0.08) | (1.76) | (1.84) | 11.77 | (18.93) | 0.77 | 0.62 | &nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;12 | 10 |
| 12-31-2021 | 16.02 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;2.49 | &nbsp;&nbsp;2.60 | (0.11) | (1.69) | (1.80) | 16.82 | &nbsp;&nbsp;16.19 | 0.72 | 0.58 | &nbsp;&nbsp;0.62 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 21 |
| 12-31-2020 | 14.27 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;2.46 | &nbsp;&nbsp;2.67 | (0.09) | (0.83) | (0.92) | 16.02 | &nbsp;&nbsp;18.77 | 0.73 | 0.59 | &nbsp;&nbsp;1.47 | &nbsp;&nbsp;&nbsp;&nbsp;12 | 11 |
| 12-31-2019 | 13.00 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;3.11 | &nbsp;&nbsp;3.24 | (0.15) | (1.82) | (1.97) | 14.27 | &nbsp;&nbsp;24.76 | 0.72 | 0.59 | &nbsp;&nbsp;0.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | 29 |
| 12-31-2018 | 16.42 | &nbsp;&nbsp;0.08 | (1.79) | (1.71) | (0.11) | (1.60) | (1.71) | 13.00 | (10.28) | 0.68 | 0.59 | &nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | 22 |
| **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| 12-31-2022 | 16.89 | &nbsp;&nbsp;0.12 | (3.32) | (3.20) | (0.12) | (1.76) | (1.88) | 11.81 | (18.82) | 0.62 | 0.36 | &nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 10 |
| 12-31-2021 | 16.07 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;2.52 | &nbsp;&nbsp;2.66 | (0.15) | (1.69) | (1.84) | 16.89 | &nbsp;&nbsp;16.53 | 0.59 | 0.35 | &nbsp;&nbsp;0.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 21 |
| 12-31-2020 | 14.31 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;2.61 | &nbsp;&nbsp;2.71 | (0.12) | (0.83) | (0.95) | 16.07 | &nbsp;&nbsp;19.02 | 0.59 | 0.35 | &nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 11 |
| 12-31-2019 | 13.03 | &nbsp;&nbsp;0.17 | &nbsp;&nbsp;3.11 | &nbsp;&nbsp;3.28 | (0.18) | (1.82) | (2.00) | 14.31 | &nbsp;&nbsp;25.16 | 0.58 | 0.34 | &nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | 29 |
| 12-31-2018 | 16.45 | &nbsp;&nbsp;0.11 | (1.78) | (1.67) | (0.15) | (1.60) | (1.75) | 13.03 | (10.08) | 0.52 | 0.33 | &nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | 22 |
| **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| 12-31-2022 | 16.94 | &nbsp;&nbsp;0.17 | (3.34) | (3.17) | (0.15) | (1.76) | (1.91) | 11.86 | (18.59) | 0.32 | 0.16 | &nbsp;&nbsp;1.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 10 |
| 12-31-2021 | 16.11 | &nbsp;&nbsp;0.18 | &nbsp;&nbsp;2.52 | &nbsp;&nbsp;2.70 | (0.18) | (1.69) | (1.87) | 16.94 | &nbsp;&nbsp;16.76 | 0.29 | 0.15 | &nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 21 |
| 12-31-2020 | 14.33 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;2.62 | &nbsp;&nbsp;2.76 | (0.15) | (0.83) | (0.98) | 16.11 | &nbsp;&nbsp;19.31 | 0.29 | 0.15 | &nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 11 |
| 12-31-2019 | 13.05 | &nbsp;&nbsp;0.17 | &nbsp;&nbsp;3.15 | &nbsp;&nbsp;3.32 | (0.22) | (1.82) | (2.04) | 14.33 | &nbsp;&nbsp;25.36 | 0.27 | 0.13 | &nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 29 |
| 12-31-2018 | 16.48 | &nbsp;&nbsp;0.11 | (1.76) | (1.65) | (0.18) | (1.60) | (1.78) | 13.05 | &nbsp;&nbsp;(9.91) | 0.22 | 0.13 | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 22 |
| **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| 12-31-2022 | 16.92 | &nbsp;&nbsp;0.16 | (3.32) | (3.16) | (0.16) | (1.76) | (1.92) | 11.84 | (18.57) | 0.27 | 0.11 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;&nbsp;54 | 10 |
| 12-31-2021 | 16.10 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;2.51 | &nbsp;&nbsp;2.70 | (0.19) | (1.69) | (1.88) | 16.92 | &nbsp;&nbsp;16.77 | 0.24 | 0.10 | &nbsp;&nbsp;1.08 | &nbsp;&nbsp;&nbsp;&nbsp;60 | 21 |
| 12-31-2020 | 14.32 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;2.64 | &nbsp;&nbsp;2.77 | (0.16) | (0.83) | (0.99) | 16.10 | &nbsp;&nbsp;19.36 | 0.24 | 0.10 | &nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;52 | 11 |
| 12-31-2019 | 13.04 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;3.08 | &nbsp;&nbsp;3.32 | (0.22) | (1.82) | (2.04) | 14.32 | &nbsp;&nbsp;25.41 | 0.23 | 0.10 | &nbsp;&nbsp;1.60 | &nbsp;&nbsp;&nbsp;&nbsp;50 | 29 |
| 12-31-2018 | 16.47 | &nbsp;&nbsp;0.22 | (1.86) | (1.64) | (0.19) | (1.60) | (1.79) | 13.04 | &nbsp;&nbsp;(9.87) | 0.17 | 0.08 | &nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;&nbsp;33 | 22 |
| **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** |
| 12-31-2022 | 16.88 | &nbsp;&nbsp;0.14 | (3.30) | (3.16) | (0.15) | (1.76) | (1.91) | 11.81 | (18.59) | 0.31 | 0.15 | &nbsp;&nbsp;0.99 | 2336 | 10 |
| 12-31-2021 | 16.07 | &nbsp;&nbsp;0.17 | &nbsp;&nbsp;2.52 | &nbsp;&nbsp;2.69 | (0.19) | (1.69) | (1.88) | 16.88 | &nbsp;&nbsp;16.70 | 0.28 | 0.14 | &nbsp;&nbsp;0.95 | 3178 | 21 |
| 12-31-2020 | 14.30 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;2.61 | &nbsp;&nbsp;2.75 | (0.15) | (0.83) | (0.98) | 16.07 | &nbsp;&nbsp;19.30 | 0.27 | 0.14 | &nbsp;&nbsp;0.97 | 3113 | 11 |
| 12-31-2019 | 13.02 | &nbsp;&nbsp;0.20 | &nbsp;&nbsp;3.11 | &nbsp;&nbsp;3.31 | (0.21) | (1.82) | (2.03) | 14.30 | &nbsp;&nbsp;25.41 | 0.27 | 0.13 | &nbsp;&nbsp;1.31 | 3001 | 29 |
| 12-31-2018 | 16.45 | &nbsp;&nbsp;0.17 | (1.82) | (1.65) | (0.18) | (1.60) | (1.78) | 13.02 | &nbsp;&nbsp;(9.92) | 0.20 | 0.12 | &nbsp;&nbsp;1.03 | 2815 | 22 |

---

---

| |
|:---|
| <sup>1</sup> Based on average daily shares outstanding. |
| <sup>2</sup> Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| <sup>3</sup> Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. |
| <sup>4</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| <sup>5</sup> Does not reflect the effect of sales charges, if any. |
| <sup>6</sup> Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| <sup>7</sup> Less than $0.005 per share. |

---

26 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### Multimanager Lifestyle Growth Portfolio

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| **Period ended** | &nbsp;&nbsp;**Net asset<br> value,<br> beginning<br> of period ($)** | **Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup>** | **Net realized and<br> unrealized<br> gain (loss)<br> on investments ($)** | **Total from<br> investment<br> operations ($)** | **From net<br> investment<br> income ($)** | **From net<br> realized<br> gain ($)** | **Total<br> distributions ($)** | **Net asset<br> value,<br> end of<br> period ($)** | **Total<br> return<br> (%)<sup>3, 4</sup>** | **Expenses<br> before<br> reductions<br> (%)<sup>5</sup>** | **Expenses<br> including<br> reductions<br> (%)<sup>5</sup>** | **Net<br> investment<br> income<br> (loss) (%)<sup>2</sup>** | **Net<br> assets,<br> end of<br> period<br> (in millions)** | **Portfolio<br> turnover<br> (%)** |
| Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Growth Portfolio |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 12-31-2022 | 16.44 | 0.17 | (3.09) | (2.92) | (0.18) | (1.48) | (1.66) | 11.86 | (17.63) | 0.67 | 0.53 | 1.23 | 1702 | 12 |
| 12-31-2021 | 15.91 | 0.18 | &nbsp;&nbsp;2.04 | &nbsp;&nbsp;2.22 | (0.19) | (1.50) | (1.69) | 16.44 | &nbsp;&nbsp;13.95 | 0.64 | 0.51 | 1.02 | 2213 | 24 |
| 12-31-2020 | 14.40 | 0.15 | &nbsp;&nbsp;2.32 | &nbsp;&nbsp;2.47 | (0.15) | (0.81) | (0.96) | 15.91 | &nbsp;&nbsp;17.17 | 0.63 | 0.51 | 1.02 | 1992 | 13 |
| 12-31-2019 | 13.23 | 0.21 | &nbsp;&nbsp;2.69 | &nbsp;&nbsp;2.90 | (0.21) | (1.52) | (1.73) | 14.40 | &nbsp;&nbsp;21.89 | 0.62 | 0.51 | 1.39 | 1714 | 29 |
| 12-31-2018 | 16.16 | 0.20 | (1.62) | (1.42) | (0.20) | (1.31) | (1.51) | 13.23 | &nbsp;&nbsp;(8.70) | 0.55 | 0.48 | 1.22 | 1502 | 20 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 12-31-2022 | 16.44 | 0.06 | (3.07) | (3.01) | (0.08) | (1.48) | (1.56) | 11.87 | (18.20) | 1.37 | 1.23 | 0.41 | &nbsp;&nbsp;&nbsp;109 | 12 |
| 12-31-2021 | 15.92 | 0.03 | &nbsp;&nbsp;2.06 | &nbsp;&nbsp;2.09 | (0.07) | (1.50) | (1.57) | 16.44 | &nbsp;&nbsp;13.10 | 1.34 | 1.21 | 0.17 | &nbsp;&nbsp;&nbsp;187 | 24 |
| 12-31-2020 | 14.43 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>6</sup> | &nbsp;&nbsp;2.35 | &nbsp;&nbsp;2.35 | (0.05) | (0.81) | (0.86) | 15.92 | &nbsp;&nbsp;16.33 | 1.34 | 1.22 | 0.02 | &nbsp;&nbsp;&nbsp;245 | 13 |
| 12-31-2019 | 13.27 | 0.08 | &nbsp;&nbsp;2.71 | &nbsp;&nbsp;2.79 | (0.11) | (1.52) | (1.63) | 14.43 | &nbsp;&nbsp;21.05 | 1.32 | 1.21 | 0.57 | &nbsp;&nbsp;&nbsp;384 | 29 |
| 12-31-2018 | 16.18 | 0.06 | (1.57) | (1.51) | (0.09) | (1.31) | (1.40) | 13.27 | &nbsp;&nbsp;(9.34) | 1.25 | 1.18 | 0.38 | &nbsp;&nbsp;&nbsp;414 | 20 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 12-31-2022 | 16.31 | 0.21 | (3.06) | (2.85) | (0.23) | (1.48) | (1.71) | 11.75 | (17.39) | 0.37 | 0.23 | 1.48 | &nbsp;&nbsp;&nbsp;&nbsp;29 | 12 |
| 12-31-2021 | 15.80 | 0.23 | &nbsp;&nbsp;2.02 | &nbsp;&nbsp;2.25 | (0.24) | (1.50) | (1.74) | 16.31 | &nbsp;&nbsp;14.24 | 0.34 | 0.21 | 1.35 | &nbsp;&nbsp;&nbsp;&nbsp;41 | 24 |
| 12-31-2020 | 14.30 | 0.18 | &nbsp;&nbsp;2.32 | &nbsp;&nbsp;2.50 | (0.19) | (0.81) | (1.00) | 15.80 | &nbsp;&nbsp;17.50 | 0.33 | 0.21 | 1.29 | &nbsp;&nbsp;&nbsp;&nbsp;35 | 13 |
| 12-31-2019 | 13.15 | 0.25 | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;2.92 | (0.25) | (1.52) | (1.77) | 14.30 | &nbsp;&nbsp;22.21 | 0.33 | 0.21 | 1.66 | &nbsp;&nbsp;&nbsp;&nbsp;33 | 29 |
| 12-31-2018 | 16.07 | 0.24 | (1.60) | (1.36) | (0.25) | (1.31) | (1.56) | 13.15 | &nbsp;&nbsp;(8.37) | 0.26 | 0.18 | 1.47 | &nbsp;&nbsp;&nbsp;&nbsp;32 | 20 |
| **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| 12-31-2022 | 16.27 | 0.16 | (3.06) | (2.90) | (0.17) | (1.48) | (1.65) | 11.72 | (17.71) | 0.76 | 0.62 | 1.15 | &nbsp;&nbsp;&nbsp;&nbsp;25 | 12 |
| 12-31-2021 | 15.76 | 0.17 | &nbsp;&nbsp;2.01 | &nbsp;&nbsp;2.18 | (0.17) | (1.50) | (1.67) | 16.27 | &nbsp;&nbsp;13.85 | 0.72 | 0.60 | 0.97 | &nbsp;&nbsp;&nbsp;&nbsp;31 | 24 |
| 12-31-2020 | 14.27 | 0.25 | &nbsp;&nbsp;2.18 | &nbsp;&nbsp;2.43 | (0.13) | (0.81) | (0.94) | 15.76 | &nbsp;&nbsp;17.09 | 0.71 | 0.60 | 1.71 | &nbsp;&nbsp;&nbsp;&nbsp;27 | 13 |
| 12-31-2019 | 13.13 | 0.19 | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;2.86 | (0.20) | (1.52) | (1.72) | 14.27 | &nbsp;&nbsp;21.72 | 0.71 | 0.60 | 1.28 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 29 |
| 12-31-2018 | 16.05 | 0.17 | (1.59) | (1.42) | (0.19) | (1.31) | (1.50) | 13.13 | &nbsp;&nbsp;(8.78) | 0.64 | 0.57 | 1.06 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 20 |
| **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| 12-31-2022 | 16.41 | 0.18 | (3.07) | (2.89) | (0.21) | (1.48) | (1.69) | 11.83 | (17.54) | 0.62 | 0.38 | 1.29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 12 |
| 12-31-2021 | 15.89 | 0.21 | &nbsp;&nbsp;2.02 | &nbsp;&nbsp;2.23 | (0.21) | (1.50) | (1.71) | 16.41 | &nbsp;&nbsp;14.13 | 0.58 | 0.36 | 1.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | 24 |
| 12-31-2020 | 14.37 | 0.16 | &nbsp;&nbsp;2.34 | &nbsp;&nbsp;2.50 | (0.17) | (0.81) | (0.98) | 15.89 | &nbsp;&nbsp;17.34 | 0.57 | 0.36 | 1.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | 13 |
| 12-31-2019 | 13.21 | 0.24 | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;2.91 | (0.23) | (1.52) | (1.75) | 14.37 | &nbsp;&nbsp;22.03 | 0.56 | 0.35 | 1.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 29 |
| 12-31-2018 | 16.14 | 0.16 | (1.55) | (1.39) | (0.23) | (1.31) | (1.54) | 13.21 | &nbsp;&nbsp;(8.56) | 0.50 | 0.33 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | 20 |
| **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| 12-31-2022 | 16.46 | 0.23 | (3.11) | (2.88) | (0.23) | (1.48) | (1.71) | 11.87 | (17.36) | 0.32 | 0.18 | 1.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 12 |
| 12-31-2021 | 15.93 | 0.24 | &nbsp;&nbsp;2.04 | &nbsp;&nbsp;2.28 | (0.25) | (1.50) | (1.75) | 16.46 | &nbsp;&nbsp;14.31 | 0.28 | 0.16 | 1.38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | 24 |
| 12-31-2020 | 14.40 | 0.18 | &nbsp;&nbsp;2.35 | &nbsp;&nbsp;2.53 | (0.19) | (0.81) | (1.00) | 15.93 | &nbsp;&nbsp;17.63 | 0.27 | 0.16 | 1.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 13 |
| 12-31-2019 | 13.23 | 0.25 | &nbsp;&nbsp;2.70 | &nbsp;&nbsp;2.95 | (0.26) | (1.52) | (1.78) | 14.40 | &nbsp;&nbsp;22.28 | 0.27 | 0.16 | 1.65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 29 |
| 12-31-2018 | 16.16 | 0.18 | (1.54) | (1.36) | (0.26) | (1.31) | (1.57) | 13.23 | &nbsp;&nbsp;(8.35) | 0.21 | 0.14 | 1.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 20 |
| **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| 12-31-2022 | 16.33 | 0.23 | (3.07) | (2.84) | (0.24) | (1.48) | (1.72) | 11.77 | (17.27) | 0.27 | 0.13 | 1.64 | &nbsp;&nbsp;&nbsp;118 | 12 |
| 12-31-2021 | 15.82 | 0.25 | &nbsp;&nbsp;2.02 | &nbsp;&nbsp;2.27 | (0.26) | (1.50) | (1.76) | 16.33 | &nbsp;&nbsp;14.33 | 0.23 | 0.11 | 1.42 | &nbsp;&nbsp;&nbsp;135 | 24 |
| 12-31-2020 | 14.31 | 0.18 | &nbsp;&nbsp;2.34 | &nbsp;&nbsp;2.52 | (0.20) | (0.81) | (1.01) | 15.82 | &nbsp;&nbsp;17.65 | 0.22 | 0.11 | 1.28 | &nbsp;&nbsp;&nbsp;130 | 13 |
| 12-31-2019 | 13.15 | 0.28 | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;2.95 | (0.27) | (1.52) | (1.79) | 14.31 | &nbsp;&nbsp;22.39 | 0.22 | 0.11 | 1.92 | &nbsp;&nbsp;&nbsp;127 | 29 |
| 12-31-2018 | 16.08 | 0.28 | (1.63) | (1.35) | (0.27) | (1.31) | (1.58) | 13.15 | &nbsp;&nbsp;(8.34) | 0.15 | 0.08 | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;88 | 20 |
| **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** |
| 12-31-2022 | 16.34 | 0.22 | (3.07) | (2.85) | (0.24) | (1.48) | (1.72) | 11.77 | (17.31) | 0.31 | 0.17 | 1.57 | 5975 | 12 |
| 12-31-2021 | 15.82 | 0.23 | &nbsp;&nbsp;2.04 | &nbsp;&nbsp;2.27 | (0.25) | (1.50) | (1.75) | 16.34 | &nbsp;&nbsp;14.29 | 0.27 | 0.15 | 1.33 | 8114 | 24 |
| 12-31-2020 | 14.31 | 0.19 | &nbsp;&nbsp;2.32 | &nbsp;&nbsp;2.51 | (0.19) | (0.81) | (1.00) | 15.82 | &nbsp;&nbsp;17.61 | 0.26 | 0.15 | 1.32 | 8235 | 13 |
| 12-31-2019 | 13.16 | 0.25 | &nbsp;&nbsp;2.68 | &nbsp;&nbsp;2.93 | (0.26) | (1.52) | (1.78) | 14.31 | &nbsp;&nbsp;22.26 | 0.25 | 0.15 | 1.69 | 8188 | 29 |
| 12-31-2018 | 16.08 | 0.25 | (1.60) | (1.35) | (0.26) | (1.31) | (1.57) | 13.16 | &nbsp;&nbsp;(8.31) | 0.19 | 0.12 | 1.53 | 7935 | 20 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 27

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Financial highlights continued

Multimanager Lifestyle Growth Portfolio (continued)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | Income (loss) from investment operations | Income (loss) from investment operations |  |  | Less distributions | Less distributions | Less distributions |  |  |  | Ratios to average net assets | Ratios to average net assets | Ratios to average net assets |
| Period ended | &nbsp;&nbsp;Net asset<br> value,<br> beginning<br> of period ($) | Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup> | Net realized and<br> unrealized<br> gain (loss)<br> on investments ($) | Total from<br> investment<br> operations ($) | From net<br> investment<br> income ($) | From net<br> realized<br> gain ($) | Total<br> distributions ($) | Net asset<br> value,<br> end of<br> period ($) | Total<br> return<br> (%)<sup>3, 4</sup> | Expenses<br> before<br> reductions<br> (%)<sup>5</sup> | Expenses<br> including<br> reductions<br> (%)<sup>5</sup> | Net<br> investment<br> income<br> (loss) (%)<sup>2</sup> | Net<br> assets,<br> end of<br> period<br> (in millions) | Portfolio<br> turnover<br> (%) |
| Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 |
| 12-31-2022 | 16.30 | 0.23 | (3.07) | (2.84) | (0.24) | (1.48) | (1.72) | 11.74 | (17.31) | 0.26 | 0.12 | 1.66 | &nbsp;&nbsp;&nbsp;338 | 12 |
| 12-31-2021 | 15.79 | 0.25 | &nbsp;&nbsp;2.02 | &nbsp;&nbsp;2.27 | (0.26) | (1.50) | (1.76) | 16.30 | &nbsp;&nbsp;14.37 | 0.22 | 0.10 | 1.43 | &nbsp;&nbsp;&nbsp;416 | 24 |
| 12-31-2020 | 14.28 | 0.20 | &nbsp;&nbsp;2.32 | &nbsp;&nbsp;2.52 | (0.20) | (0.81) | (1.01) | 15.79 | &nbsp;&nbsp;17.70 | 0.21 | 0.10 | 1.40 | &nbsp;&nbsp;&nbsp;373 | 13 |
| 12-31-2019 | 13.13 | 0.27 | &nbsp;&nbsp;2.67 | &nbsp;&nbsp;2.94 | (0.27) | (1.52) | (1.79) | 14.28 | &nbsp;&nbsp;22.36 | 0.20 | 0.10 | 1.81 | &nbsp;&nbsp;&nbsp;335 | 29 |
| 12-31-2018 | 16.06 | 0.26 | (1.61) | (1.35) | (0.27) | (1.31) | (1.58) | 13.13 | &nbsp;&nbsp;(8.34) | 0.14 | 0.07 | 1.63 | &nbsp;&nbsp;&nbsp;284 | 20 |

---

---

| |
|:---|
| <sup>1</sup> Based on average daily shares outstanding. |
| <sup>2</sup> Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| <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> Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| <sup>6</sup> Less than $0.005 per share. |

---

28 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### Multimanager Lifestyle Balanced Portfolio

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| **Period ended** | &nbsp;&nbsp;**Net asset<br> value,<br> beginning<br> of period ($)** | **Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup>** | **Net realized and<br> unrealized<br> gain (loss)<br> on investments ($)** | **Total from<br> investment<br> operations ($)** | **From net<br> investment<br> income ($)** | **From net<br> realized<br> gain ($)** | **Total<br> distributions ($)** | **Net asset<br> value,<br> end of<br> period ($)** | **Total<br> return<br> (%)<sup>3, 4</sup>** | **Expenses<br> before<br> reductions<br> (%)<sup>5</sup>** | **Expenses<br> including<br> reductions<br> (%)<sup>5</sup>** | **Net<br> investment<br> income<br> (loss) (%)<sup>2</sup>** | **Net<br> assets,<br> end of<br> period<br> (in millions)** | **Portfolio<br> turnover<br> (%)** |
| Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Balanced Portfolio |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 12-31-2022 | 15.57 | 0.26 | (2.81) | (2.55) | (0.27) | (1.10) | (1.37) | 11.65 | (16.33) | 0.68 | 0.56 | 1.92 | 1748 | 13 |
| 12-31-2021 | 15.44 | 0.24 | &nbsp;&nbsp;1.47 | &nbsp;&nbsp;1.71 | (0.26) | (1.32) | (1.58) | 15.57 | &nbsp;&nbsp;11.07 | 0.65 | 0.53 | 1.47 | 2281 | 30 |
| 12-31-2020 | 14.20 | 0.19 | &nbsp;&nbsp;1.91 | &nbsp;&nbsp;2.10 | (0.18) | (0.68) | (0.86) | 15.44 | &nbsp;&nbsp;14.95 | 0.64 | 0.52 | 1.31 | 2085 | 15 |
| 12-31-2019 | 13.06 | 0.25 | &nbsp;&nbsp;2.17 | &nbsp;&nbsp;2.42 | (0.25) | (1.03) | (1.28) | 14.20 | &nbsp;&nbsp;18.57 | 0.62 | 0.52 | 1.73 | 1805 | 33 |
| 12-31-2018 | 15.29 | 0.26 | (1.30) | (1.04) | (0.27) | (0.92) | (1.19) | 13.06 | &nbsp;&nbsp;(6.79) | 0.56 | 0.49 | 1.74 | 1604 | 18 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 12-31-2022 | 15.56 | 0.15 | (2.79) | (2.64) | (0.17) | (1.10) | (1.27) | 11.65 | (16.89) | 1.38 | 1.26 | 1.08 | &nbsp;&nbsp;&nbsp;&nbsp;88 | 13 |
| 12-31-2021 | 15.44 | 0.10 | &nbsp;&nbsp;1.48 | &nbsp;&nbsp;1.58 | (0.14) | (1.32) | (1.46) | 15.56 | &nbsp;&nbsp;10.27 | 1.35 | 1.24 | 0.62 | &nbsp;&nbsp;&nbsp;170 | 30 |
| 12-31-2020 | 14.20 | 0.05 | &nbsp;&nbsp;1.95 | &nbsp;&nbsp;2.00 | (0.08) | (0.68) | (0.76) | 15.44 | &nbsp;&nbsp;14.15 | 1.34 | 1.24 | 0.34 | &nbsp;&nbsp;&nbsp;244 | 15 |
| 12-31-2019 | 13.06 | 0.13 | &nbsp;&nbsp;2.19 | &nbsp;&nbsp;2.32 | (0.15) | (1.03) | (1.18) | 14.20 | &nbsp;&nbsp;17.76 | 1.32 | 1.23 | 0.90 | &nbsp;&nbsp;&nbsp;417 | 33 |
| 12-31-2018 | 15.30 | 0.14 | (1.29) | (1.15) | (0.17) | (0.92) | (1.09) | 13.06 | &nbsp;&nbsp;(7.48) | 1.26 | 1.19 | 0.92 | &nbsp;&nbsp;&nbsp;479 | 18 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 12-31-2022 | 15.45 | 0.30 | (2.79) | (2.49) | (0.31) | (1.10) | (1.41) | 11.55 | (16.13) | 0.38 | 0.26 | 2.21 | &nbsp;&nbsp;&nbsp;&nbsp;31 | 13 |
| 12-31-2021 | 15.33 | 0.30 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.75 | (0.31) | (1.32) | (1.63) | 15.45 | &nbsp;&nbsp;11.43 | 0.35 | 0.23 | 1.81 | &nbsp;&nbsp;&nbsp;&nbsp;43 | 30 |
| 12-31-2020 | 14.10 | 0.22 | &nbsp;&nbsp;1.91 | &nbsp;&nbsp;2.13 | (0.22) | (0.68) | (0.90) | 15.33 | &nbsp;&nbsp;15.33 | 0.34 | 0.22 | 1.55 | &nbsp;&nbsp;&nbsp;&nbsp;37 | 15 |
| 12-31-2019 | 12.97 | 0.28 | &nbsp;&nbsp;2.18 | &nbsp;&nbsp;2.46 | (0.30) | (1.03) | (1.33) | 14.10 | &nbsp;&nbsp;18.97 | 0.33 | 0.22 | 1.97 | &nbsp;&nbsp;&nbsp;&nbsp;41 | 33 |
| 12-31-2018 | 15.20 | 0.31 | (1.30) | (0.99) | (0.32) | (0.92) | (1.24) | 12.97 | &nbsp;&nbsp;(6.55) | 0.27 | 0.19 | 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;40 | 18 |
| **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| 12-31-2022 | 15.46 | 0.25 | (2.80) | (2.55) | (0.26) | (1.10) | (1.36) | 11.55 | (16.46) | 0.78 | 0.65 | 1.83 | &nbsp;&nbsp;&nbsp;&nbsp;20 | 13 |
| 12-31-2021 | 15.34 | 0.23 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.68 | (0.24) | (1.32) | (1.56) | 15.46 | &nbsp;&nbsp;11.01 | 0.72 | 0.61 | 1.42 | &nbsp;&nbsp;&nbsp;&nbsp;26 | 30 |
| 12-31-2020 | 14.11 | 0.27 | &nbsp;&nbsp;1.81 | &nbsp;&nbsp;2.08 | (0.17) | (0.68) | (0.85) | 15.34 | &nbsp;&nbsp;14.95 | 0.70 | 0.60 | 1.90 | &nbsp;&nbsp;&nbsp;&nbsp;23 | 15 |
| 12-31-2019 | 12.98 | 0.22 | &nbsp;&nbsp;2.18 | &nbsp;&nbsp;2.40 | (0.24) | (1.03) | (1.27) | 14.11 | &nbsp;&nbsp;18.42 | 0.72 | 0.62 | 1.52 | &nbsp;&nbsp;&nbsp;&nbsp;10 | 33 |
| 12-31-2018 | 15.20 | 0.25 | (1.29) | (1.04) | (0.26) | (0.92) | (1.18) | 12.98 | &nbsp;&nbsp;(6.85) | 0.66 | 0.59 | 1.62 | &nbsp;&nbsp;&nbsp;&nbsp;12 | 18 |
| **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| 12-31-2022 | 15.53 | 0.28 | (2.81) | (2.53) | (0.29) | (1.10) | (1.39) | 11.61 | (16.24) | 0.63 | 0.40 | 2.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 13 |
| 12-31-2021 | 15.40 | 0.27 | &nbsp;&nbsp;1.46 | &nbsp;&nbsp;1.73 | (0.28) | (1.32) | (1.60) | 15.53 | &nbsp;&nbsp;11.28 | 0.59 | 0.38 | 1.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 30 |
| 12-31-2020 | 14.17 | 0.20 | &nbsp;&nbsp;1.91 | &nbsp;&nbsp;2.11 | (0.20) | (0.68) | (0.88) | 15.40 | &nbsp;&nbsp;15.08 | 0.57 | 0.37 | 1.41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 15 |
| 12-31-2019 | 13.03 | 0.26 | &nbsp;&nbsp;2.18 | &nbsp;&nbsp;2.44 | (0.27) | (1.03) | (1.30) | 14.17 | &nbsp;&nbsp;18.79 | 0.57 | 0.37 | 1.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 33 |
| 12-31-2018 | 15.26 | 0.27 | (1.29) | (1.02) | (0.29) | (0.92) | (1.21) | 13.03 | &nbsp;&nbsp;(6.66) | 0.51 | 0.35 | 1.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | 18 |
| **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| 12-31-2022 | 15.56 | 0.32 | (2.82) | (2.50) | (0.32) | (1.10) | (1.42) | 11.64 | (16.02) | 0.32 | 0.20 | 2.33 | &nbsp;&nbsp;&nbsp;&nbsp;14 | 13 |
| 12-31-2021 | 15.43 | 0.30 | &nbsp;&nbsp;1.46 | &nbsp;&nbsp;1.76 | (0.31) | (1.32) | (1.63) | 15.56 | &nbsp;&nbsp;11.47 | 0.29 | 0.18 | 1.80 | &nbsp;&nbsp;&nbsp;&nbsp;17 | 30 |
| 12-31-2020 | 14.19 | 0.23 | &nbsp;&nbsp;1.92 | &nbsp;&nbsp;2.15 | (0.23) | (0.68) | (0.91) | 15.43 | &nbsp;&nbsp;15.36 | 0.27 | 0.17 | 1.65 | &nbsp;&nbsp;&nbsp;&nbsp;16 | 15 |
| 12-31-2019 | 13.05 | 0.30 | &nbsp;&nbsp;2.17 | &nbsp;&nbsp;2.47 | (0.30) | (1.03) | (1.33) | 14.19 | &nbsp;&nbsp;18.99 | 0.26 | 0.17 | 2.07 | &nbsp;&nbsp;&nbsp;&nbsp;14 | 33 |
| 12-31-2018 | 15.28 | 0.30 | (1.29) | (0.99) | (0.32) | (0.92) | (1.24) | 13.05 | &nbsp;&nbsp;(6.47) | 0.21 | 0.14 | 1.98 | &nbsp;&nbsp;&nbsp;&nbsp;13 | 18 |
| **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| 12-31-2022 | 15.44 | 0.32 | (2.80) | (2.48) | (0.32) | (1.10) | (1.42) | 11.54 | (15.97) | 0.28 | 0.15 | 2.35 | &nbsp;&nbsp;&nbsp;119 | 13 |
| 12-31-2021 | 15.32 | 0.31 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.76 | (0.32) | (1.32) | (1.64) | 15.44 | &nbsp;&nbsp;11.54 | 0.24 | 0.13 | 1.91 | &nbsp;&nbsp;&nbsp;119 | 30 |
| 12-31-2020 | 14.10 | 0.22 | &nbsp;&nbsp;1.92 | &nbsp;&nbsp;2.14 | (0.24) | (0.68) | (0.92) | 15.32 | &nbsp;&nbsp;15.37 | 0.22 | 0.13 | 1.56 | &nbsp;&nbsp;&nbsp;126 | 15 |
| 12-31-2019 | 12.97 | 0.32 | &nbsp;&nbsp;2.15 | &nbsp;&nbsp;2.47 | (0.31) | (1.03) | (1.34) | 14.10 | &nbsp;&nbsp;19.09 | 0.22 | 0.13 | 2.24 | &nbsp;&nbsp;&nbsp;130 | 33 |
| 12-31-2018 | 15.20 | 0.35 | (1.33) | (0.98) | (0.33) | (0.92) | (1.25) | 12.97 | &nbsp;&nbsp;(6.45) | 0.16 | 0.09 | 2.29 | &nbsp;&nbsp;&nbsp;&nbsp;84 | 18 |
| **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** |
| 12-31-2022 | 15.43 | 0.31 | (2.79) | (2.48) | (0.32) | (1.10) | (1.42) | 11.53 | (16.03) | 0.32 | 0.20 | 2.27 | 5540 | 13 |
| 12-31-2021 | 15.31 | 0.29 | &nbsp;&nbsp;1.46 | &nbsp;&nbsp;1.75 | (0.31) | (1.32) | (1.63) | 15.43 | &nbsp;&nbsp;11.50 | 0.28 | 0.17 | 1.79 | 7529 | 30 |
| 12-31-2020 | 14.09 | 0.23 | &nbsp;&nbsp;1.90 | &nbsp;&nbsp;2.13 | (0.23) | (0.68) | (0.91) | 15.31 | &nbsp;&nbsp;15.33 | 0.26 | 0.16 | 1.61 | 7795 | 15 |
| 12-31-2019 | 12.96 | 0.29 | &nbsp;&nbsp;2.17 | &nbsp;&nbsp;2.46 | (0.30) | (1.03) | (1.33) | 14.09 | &nbsp;&nbsp;19.06 | 0.26 | 0.16 | 2.03 | 7928 | 33 |
| 12-31-2018 | 15.19 | 0.31 | (1.29) | (0.98) | (0.33) | (0.92) | (1.25) | 12.96 | &nbsp;&nbsp;(6.50) | 0.20 | 0.13 | 2.07 | 7931 | 18 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 29

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Financial highlights continued

Multimanager Lifestyle Balanced Portfolio (continued)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | Income (loss) from investment operations | Income (loss) from investment operations |  |  | Less distributions | Less distributions | Less distributions |  |  |  | Ratios to average net assets | Ratios to average net assets | Ratios to average net assets |
| Period ended | &nbsp;&nbsp;Net asset<br> value,<br> beginning<br> of period ($) | Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup> | Net realized and<br> unrealized<br> gain (loss)<br> on investments ($) | Total from<br> investment<br> operations ($) | From net<br> investment<br> income ($) | From net<br> realized<br> gain ($) | Total<br> distributions ($) | Net asset<br> value,<br> end of<br> period ($) | Total<br> return<br> (%)<sup>3, 4</sup> | Expenses<br> before<br> reductions<br> (%)<sup>5</sup> | Expenses<br> including<br> reductions<br> (%)<sup>5</sup> | Net<br> investment<br> income<br> (loss) (%)<sup>2</sup> | Net<br> assets,<br> end of<br> period<br> (in millions) | Portfolio<br> turnover<br> (%) |
| Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 |
| 12-31-2022 | 15.44 | 0.32 | (2.79) | (2.47) | (0.33) | (1.10) | (1.43) | 11.54 | (15.97) | 0.27 | 0.15 | 2.34 | &nbsp;&nbsp;&nbsp;147 | 13 |
| 12-31-2021 | 15.32 | 0.31 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.76 | (0.32) | (1.32) | (1.64) | 15.44 | &nbsp;&nbsp;11.55 | 0.23 | 0.12 | 1.88 | &nbsp;&nbsp;&nbsp;185 | 30 |
| 12-31-2020 | 14.10 | 0.24 | &nbsp;&nbsp;1.90 | &nbsp;&nbsp;2.14 | (0.24) | (0.68) | (0.92) | 15.32 | &nbsp;&nbsp;15.39 | 0.21 | 0.11 | 1.68 | &nbsp;&nbsp;&nbsp;170 | 15 |
| 12-31-2019 | 12.97 | 0.30 | &nbsp;&nbsp;2.17 | &nbsp;&nbsp;2.47 | (0.31) | (1.03) | (1.34) | 14.10 | &nbsp;&nbsp;19.10 | 0.21 | 0.11 | 2.12 | &nbsp;&nbsp;&nbsp;160 | 33 |
| 12-31-2018 | 15.20 | 0.32 | (1.30) | (0.98) | (0.33) | (0.92) | (1.25) | 12.97 | &nbsp;&nbsp;(6.44) | 0.15 | 0.08 | 2.14 | &nbsp;&nbsp;&nbsp;143 | 18 |

---

---

| |
|:---|
| <sup>1</sup> Based on average daily shares outstanding. |
| <sup>2</sup> Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| <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> Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |

---

30 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### Multimanager Lifestyle Moderate Portfolio

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| **Period ended** | &nbsp;&nbsp;**Net asset<br> value,<br> beginning<br> of period ($)** | **Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup>** | **Net realized and<br> unrealized<br> gain (loss)<br> on investments ($)** | **Total from<br> investment<br> operations ($)** | **From net<br> investment<br> income ($)** | **From net<br> realized<br> gain ($)** | **Total<br> distributions ($)** | **Net asset<br> value,<br> end of<br> period ($)** | **Total<br> return<br> (%)<sup>3, 4</sup>** | **Expenses<br> before<br> reductions<br> (%)<sup>5</sup>** | **Expenses<br> including<br> reductions<br> (%)<sup>5</sup>** | **Net<br> investment<br> income<br> (loss) (%)<sup>2</sup>** | **Net<br> assets,<br> end of<br> period<br> (in millions)** | **Portfolio<br> turnover<br> (%)** |
| Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Moderate Portfolio |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 12-31-2022 | 14.05 | 0.32 | (2.30) | (1.98) | (0.33) | (0.65) | (0.98) | 11.09 | (14.07) | 0.68 | 0.57 | 2.59 | &nbsp;&nbsp;&nbsp;670 | 14 |
| 12-31-2021 | 14.16 | 0.29 | &nbsp;&nbsp;0.76 | &nbsp;&nbsp;1.05 | (0.28) | (0.88) | (1.16) | 14.05 | &nbsp;&nbsp;&nbsp;7.46 | 0.65 | 0.56 | 1.93 | &nbsp;&nbsp;&nbsp;867 | 31 |
| 12-31-2020 | 13.29 | 0.21 | &nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.55 | (0.21) | (0.47) | (0.68) | 14.16 | &nbsp;&nbsp;11.83 | 0.64 | 0.55 | 1.61 | &nbsp;&nbsp;&nbsp;778 | 15 |
| 12-31-2019 | 12.27 | 0.28 | &nbsp;&nbsp;1.57 | &nbsp;&nbsp;1.85 | (0.25) | (0.58) | (0.83) | 13.29 | &nbsp;&nbsp;15.12 | 0.63 | 0.55 | 2.07 | &nbsp;&nbsp;&nbsp;661 | 37 |
| 12-31-2018 | 13.83 | 0.30 | (1.01) | (0.71) | (0.31) | (0.54) | (0.85) | 12.27 | &nbsp;&nbsp;(5.19) | 0.56 | 0.50 | 2.19 | &nbsp;&nbsp;&nbsp;601 | 14 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 12-31-2022 | 14.13 | 0.22 | (2.30) | (2.08) | (0.24) | (0.65) | (0.89) | 11.16 | (14.68) | 1.38 | 1.28 | 1.77 | &nbsp;&nbsp;&nbsp;&nbsp;40 | 14 |
| 12-31-2021 | 14.24 | 0.16 | &nbsp;&nbsp;0.79 | &nbsp;&nbsp;0.95 | (0.18) | (0.88) | (1.06) | 14.13 | &nbsp;&nbsp;&nbsp;6.68 | 1.35 | 1.26 | 1.08 | &nbsp;&nbsp;&nbsp;&nbsp;72 | 31 |
| 12-31-2020 | 13.36 | 0.09 | &nbsp;&nbsp;1.38 | &nbsp;&nbsp;1.47 | (0.12) | (0.47) | (0.59) | 14.24 | &nbsp;&nbsp;11.05 | 1.34 | 1.26 | 0.69 | &nbsp;&nbsp;&nbsp;105 | 15 |
| 12-31-2019 | 12.27 | 0.17 | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.75 | (0.08) | (0.58) | (0.66) | 13.36 | &nbsp;&nbsp;14.31 | 1.33 | 1.26 | 1.26 | &nbsp;&nbsp;&nbsp;176 | 37 |
| 12-31-2018 | 13.83 | 0.19 | (1.00) | (0.81) | (0.21) | (0.54) | (0.75) | 12.27 | &nbsp;&nbsp;(5.86) | 1.26 | 1.20 | 1.36 | &nbsp;&nbsp;&nbsp;202 | 14 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 12-31-2022 | 13.94 | 0.36 | (2.29) | (1.93) | (0.37) | (0.65) | (1.02) | 10.99 | (13.84) | 0.38 | 0.27 | 2.95 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 14 |
| 12-31-2021 | 14.06 | 0.34 | &nbsp;&nbsp;0.75 | &nbsp;&nbsp;1.09 | (0.33) | (0.88) | (1.21) | 13.94 | &nbsp;&nbsp;&nbsp;7.77 | 0.35 | 0.26 | 2.31 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 31 |
| 12-31-2020 | 13.20 | 0.24 | &nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.58 | (0.25) | (0.47) | (0.72) | 14.06 | &nbsp;&nbsp;12.17 | 0.34 | 0.25 | 1.83 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 15 |
| 12-31-2019 | 12.22 | 0.30 | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.88 | (0.32) | (0.58) | (0.90) | 13.20 | &nbsp;&nbsp;15.54 | 0.33 | 0.25 | 2.30 | &nbsp;&nbsp;&nbsp;&nbsp;13 | 37 |
| 12-31-2018 | 13.78 | 0.37 | (1.04) | (0.67) | (0.35) | (0.54) | (0.89) | 12.22 | &nbsp;&nbsp;(5.00) | 0.28 | 0.20 | 2.70 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 14 |
| **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| 12-31-2022 | 14.00 | 0.31 | (2.29) | (1.98) | (0.32) | (0.65) | (0.97) | 11.05 | (14.20) | 0.78 | 0.69 | 2.47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 14 |
| 12-31-2021 | 14.11 | 0.28 | &nbsp;&nbsp;0.76 | &nbsp;&nbsp;1.04 | (0.27) | (0.88) | (1.15) | 14.00 | &nbsp;&nbsp;&nbsp;7.39 | 0.73 | 0.64 | 1.87 | &nbsp;&nbsp;&nbsp;&nbsp;10 | 31 |
| 12-31-2020 | 13.24 | 0.29 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.54 | (0.20) | (0.47) | (0.67) | 14.11 | &nbsp;&nbsp;11.77 | 0.72 | 0.64 | 2.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | 15 |
| 12-31-2019 | 12.22 | 0.26 | &nbsp;&nbsp;1.57 | &nbsp;&nbsp;1.83 | (0.23) | (0.58) | (0.81) | 13.24 | &nbsp;&nbsp;15.10 | 0.71 | 0.64 | 1.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | 37 |
| 12-31-2018 | 13.78 | 0.26 | (0.99) | (0.73) | (0.29) | (0.54) | (0.83) | 12.22 | &nbsp;&nbsp;(5.39) | 0.67 | 0.61 | 1.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 14 |
| **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| 12-31-2022 | 13.96 | 0.30 | (2.25) | (1.95) | (0.35) | (0.65) | (1.00) | 11.01 | (13.95) | 0.62 | 0.42 | 2.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | 14 |
| 12-31-2021 | 14.07 | 0.30 | &nbsp;&nbsp;0.77 | &nbsp;&nbsp;1.07 | (0.30) | (0.88) | (1.18) | 13.96 | &nbsp;&nbsp;&nbsp;7.68 | 0.59 | 0.40 | 2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 31 |
| 12-31-2020 | 13.21 | 0.23 | &nbsp;&nbsp;1.33 | &nbsp;&nbsp;1.56 | (0.23) | (0.47) | (0.70) | 14.07 | &nbsp;&nbsp;12.00 | 0.58 | 0.40 | 1.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 15 |
| 12-31-2019 | 12.21 | 0.29 | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.87 | (0.29) | (0.58) | (0.87) | 13.21 | &nbsp;&nbsp;15.33 | 0.58 | 0.40 | 2.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 37 |
| 12-31-2018 | 13.78 | 0.29 | (0.99) | (0.70) | (0.33) | (0.54) | (0.87) | 12.21 | &nbsp;&nbsp;(5.14) | 0.52 | 0.36 | 2.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 14 |
| **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| 12-31-2022 | 13.95 | 0.37 | (2.30) | (1.93) | (0.37) | (0.65) | (1.02) | 11.00 | (13.78) | 0.32 | 0.22 | 2.97 | &nbsp;&nbsp;&nbsp;&nbsp;10 | 14 |
| 12-31-2021 | 14.07 | 0.33 | &nbsp;&nbsp;0.76 | &nbsp;&nbsp;1.09 | (0.33) | (0.88) | (1.21) | 13.95 | &nbsp;&nbsp;&nbsp;7.82 | 0.29 | 0.20 | 2.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 31 |
| 12-31-2020 | 13.21 | 0.27 | &nbsp;&nbsp;1.32 | &nbsp;&nbsp;1.59 | (0.26) | (0.47) | (0.73) | 14.07 | &nbsp;&nbsp;12.22 | 0.28 | 0.20 | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | 15 |
| 12-31-2019 | 12.23 | 0.31 | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.89 | (0.33) | (0.58) | (0.91) | 13.21 | &nbsp;&nbsp;15.53 | 0.28 | 0.20 | 2.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 37 |
| 12-31-2018 | 13.79 | 0.32 | (0.99) | (0.67) | (0.35) | (0.54) | (0.89) | 12.23 | &nbsp;&nbsp;(4.87) | 0.21 | 0.15 | 2.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 14 |
| **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| 12-31-2022 | 13.92 | 0.38 | (2.30) | (1.92) | (0.38) | (0.65) | (1.03) | 10.97 | (13.77) | 0.27 | 0.17 | 3.10 | &nbsp;&nbsp;&nbsp;&nbsp;30 | 14 |
| 12-31-2021 | 14.04 | 0.32 | &nbsp;&nbsp;0.78 | &nbsp;&nbsp;1.10 | (0.34) | (0.88) | (1.22) | 13.92 | &nbsp;&nbsp;&nbsp;7.89 | 0.24 | 0.15 | 2.20 | &nbsp;&nbsp;&nbsp;&nbsp;28 | 31 |
| 12-31-2020 | 13.18 | 0.26 | &nbsp;&nbsp;1.33 | &nbsp;&nbsp;1.59 | (0.26) | (0.47) | (0.73) | 14.04 | &nbsp;&nbsp;12.30 | 0.23 | 0.15 | 1.93 | &nbsp;&nbsp;&nbsp;&nbsp;38 | 15 |
| 12-31-2019 | 12.21 | 0.33 | &nbsp;&nbsp;1.56 | &nbsp;&nbsp;1.89 | (0.34) | (0.58) | (0.92) | 13.18 | &nbsp;&nbsp;15.65 | 0.23 | 0.15 | 2.47 | &nbsp;&nbsp;&nbsp;&nbsp;34 | 37 |
| 12-31-2018 | 13.77 | 0.36 | (1.02) | (0.66) | (0.36) | (0.54) | (0.90) | 12.21 | &nbsp;&nbsp;(4.91) | 0.17 | 0.10 | 2.64 | &nbsp;&nbsp;&nbsp;&nbsp;24 | 14 |
| **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** |
| 12-31-2022 | 13.95 | 0.37 | (2.29) | (1.92) | (0.38) | (0.65) | (1.03) | 11.00 | (13.77) | 0.31 | 0.21 | 2.95 | 1473 | 14 |
| 12-31-2021 | 14.07 | 0.33 | &nbsp;&nbsp;0.76 | &nbsp;&nbsp;1.09 | (0.33) | (0.88) | (1.21) | 13.95 | &nbsp;&nbsp;&nbsp;7.83 | 0.28 | 0.20 | 2.23 | 1942 | 31 |
| 12-31-2020 | 13.21 | 0.25 | &nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.59 | (0.26) | (0.47) | (0.73) | 14.07 | &nbsp;&nbsp;12.23 | 0.27 | 0.19 | 1.92 | 2056 | 15 |
| 12-31-2019 | 12.23 | 0.31 | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.89 | (0.33) | (0.58) | (0.91) | 13.21 | &nbsp;&nbsp;15.65 | 0.26 | 0.19 | 2.37 | 2113 | 37 |
| 12-31-2018 | 13.79 | 0.34 | (1.01) | (0.67) | (0.35) | (0.54) | (0.89) | 12.23 | &nbsp;&nbsp;(4.94) | 0.20 | 0.14 | 2.51 | 2162 | 14 |

---

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 31

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Financial highlights continued

Multimanager Lifestyle Moderate Portfolio (continued)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | Income (loss) from investment operations | Income (loss) from investment operations |  |  | Less distributions | Less distributions | Less distributions |  |  |  | Ratios to average net assets | Ratios to average net assets | Ratios to average net assets |
| Period ended | &nbsp;&nbsp;Net asset<br> value,<br> beginning<br> of period ($) | Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup> | Net realized and<br> unrealized<br> gain (loss)<br> on investments ($) | Total from<br> investment<br> operations ($) | From net<br> investment<br> income ($) | From net<br> realized<br> gain ($) | Total<br> distributions ($) | Net asset<br> value,<br> end of<br> period ($) | Total<br> return<br> (%)<sup>3, 4</sup> | Expenses<br> before<br> reductions<br> (%)<sup>5</sup> | Expenses<br> including<br> reductions<br> (%)<sup>5</sup> | Net<br> investment<br> income<br> (loss) (%)<sup>2</sup> | Net<br> assets,<br> end of<br> period<br> (in millions) | Portfolio<br> turnover<br> (%) |
| Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 | Class 5 |
| 12-31-2022 | 13.92 | 0.37 | (2.28) | (1.91) | (0.38) | (0.65) | (1.03) | 10.98 | (13.68) | 0.26 | 0.16 | 3.01 | &nbsp;&nbsp;&nbsp;&nbsp;55 | 14 |
| 12-31-2021 | 14.04 | 0.34 | &nbsp;&nbsp;0.76 | &nbsp;&nbsp;1.10 | (0.34) | (0.88) | (1.22) | 13.92 | &nbsp;&nbsp;&nbsp;7.90 | 0.23 | 0.15 | 2.33 | &nbsp;&nbsp;&nbsp;&nbsp;70 | 31 |
| 12-31-2020 | 13.18 | 0.26 | &nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.60 | (0.27) | (0.47) | (0.74) | 14.04 | &nbsp;&nbsp;12.32 | 0.22 | 0.14 | 1.98 | &nbsp;&nbsp;&nbsp;&nbsp;65 | 15 |
| 12-31-2019 | 12.21 | 0.33 | &nbsp;&nbsp;1.57 | &nbsp;&nbsp;1.90 | (0.35) | (0.58) | (0.93) | 13.18 | &nbsp;&nbsp;15.59 | 0.21 | 0.14 | 2.47 | &nbsp;&nbsp;&nbsp;&nbsp;60 | 37 |
| 12-31-2018 | 13.77 | 0.35 | (1.01) | (0.66) | (0.36) | (0.54) | (0.90) | 12.21 | &nbsp;&nbsp;(4.82) | 0.15 | 0.09 | 2.60 | &nbsp;&nbsp;&nbsp;&nbsp;53 | 14 |

---

---

| |
|:---|
| <sup>1</sup> Based on average daily shares outstanding. |
| <sup>2</sup> Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| <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> Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |

---

32 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### Multimanager Lifestyle Conservative Portfolio

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| **Period ended** | &nbsp;&nbsp;**Net asset<br> value,<br> beginning<br> of period ($)** | **Net<br> investment<br> income<br> (loss) ($)<sup>1, 2</sup>** | **Net realized and<br> unrealized<br> gain (loss)<br> on investments ($)** | **Total from<br> investment<br> operations ($)** | **From net<br> investment<br> income ($)** | **From net<br> realized<br> gain ($)** | **Total<br> distributions ($)** | **Net asset<br> value,<br> end of<br> period ($)** | **Total<br> return<br> (%)<sup>3, 4</sup>** | **Expenses<br> before<br> reductions<br> (%)<sup>5</sup>** | **Expenses<br> including<br> reductions<br> (%)<sup>5</sup>** | **Net<br> investment<br> income<br> (loss) (%)<sup>2</sup>** | **Net<br> assets,<br> end of<br> period<br> (in millions)** | **Portfolio<br> turnover<br> (%)** |
| Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio | Multimanager Lifestyle Conservative Portfolio |
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| 12-31-2022 | 13.31 | 0.39 | (2.00) | (1.61) | (0.39) | (0.31) | (0.70) | 11.00 | (12.02) | 0.70 | 0.60 | 3.23 | &nbsp;&nbsp;&nbsp;667 | 14 |
| 12-31-2021 | 13.65 | 0.32 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;0.44 | (0.32) | (0.46) | (0.78) | 13.31 | &nbsp;&nbsp;&nbsp;3.17 | 0.67 | 0.58 | 2.29 | &nbsp;&nbsp;&nbsp;866 | 32 |
| 12-31-2020 | 13.02 | 0.25 | &nbsp;&nbsp;0.95 | &nbsp;&nbsp;1.20 | (0.31) | (0.26) | (0.57) | 13.65 | &nbsp;&nbsp;&nbsp;9.43 | 0.68 | 0.58 | 1.90 | &nbsp;&nbsp;&nbsp;769 | 20 |
| 12-31-2019 | 12.10 | 0.30 | &nbsp;&nbsp;1.09 | &nbsp;&nbsp;1.39 | (0.23) | (0.24) | (0.47) | 13.02 | &nbsp;&nbsp;11.57 | 0.65 | 0.58 | 2.31 | &nbsp;&nbsp;&nbsp;585 | 47 |
| 12-31-2018 | 13.06 | 0.31 | (0.79) | (0.48) | (0.32) | (0.16) | (0.48) | 12.10 | &nbsp;&nbsp;(3.67) | 0.57 | 0.51 | 2.44 | &nbsp;&nbsp;&nbsp;526 | 11 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| 12-31-2022 | 13.31 | 0.29 | (1.97) | (1.68) | (0.31) | (0.31) | (0.62) | 11.01 | (12.73) | 1.40 | 1.31 | 2.41 | &nbsp;&nbsp;&nbsp;&nbsp;32 | 14 |
| 12-31-2021 | 13.65 | 0.20 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;0.34 | (0.22) | (0.46) | (0.68) | 13.31 | &nbsp;&nbsp;&nbsp;2.52 | 1.37 | 1.28 | 1.46 | &nbsp;&nbsp;&nbsp;&nbsp;61 | 32 |
| 12-31-2020 | 13.03 | 0.13 | &nbsp;&nbsp;0.97 | &nbsp;&nbsp;1.10 | (0.22) | (0.26) | (0.48) | 13.65 | &nbsp;&nbsp;&nbsp;8.65 | 1.38 | 1.29 | 0.98 | &nbsp;&nbsp;&nbsp;&nbsp;84 | 20 |
| 12-31-2019 | 12.10 | 0.19 | &nbsp;&nbsp;1.12 | &nbsp;&nbsp;1.31 | (0.14) | (0.24) | (0.38) | 13.03 | &nbsp;&nbsp;10.80 | 1.35 | 1.28 | 1.51 | &nbsp;&nbsp;&nbsp;156 | 47 |
| 12-31-2018 | 13.06 | 0.21 | (0.78) | (0.57) | (0.23) | (0.16) | (0.39) | 12.10 | &nbsp;&nbsp;(4.35) | 1.27 | 1.21 | 1.64 | &nbsp;&nbsp;&nbsp;180 | 11 |
| **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** | **Class I** |
| 12-31-2022 | 13.28 | 0.42 | (1.98) | (1.56) | (0.43) | (0.31) | (0.74) | 10.98 | (11.76) | 0.40 | 0.30 | 3.51 | &nbsp;&nbsp;&nbsp;&nbsp;16 | 14 |
| 12-31-2021 | 13.62 | 0.36 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;0.48 | (0.36) | (0.46) | (0.82) | 13.28 | &nbsp;&nbsp;&nbsp;3.56 | 0.37 | 0.28 | 2.62 | &nbsp;&nbsp;&nbsp;&nbsp;23 | 32 |
| 12-31-2020 | 13.00 | 0.29 | &nbsp;&nbsp;0.94 | &nbsp;&nbsp;1.23 | (0.35) | (0.26) | (0.61) | 13.62 | &nbsp;&nbsp;&nbsp;9.69 | 0.38 | 0.28 | 2.23 | &nbsp;&nbsp;&nbsp;&nbsp;18 | 20 |
| 12-31-2019 | 12.08 | 0.33 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.43 | (0.27) | (0.24) | (0.51) | 13.00 | &nbsp;&nbsp;11.92 | 0.36 | 0.28 | 2.56 | &nbsp;&nbsp;&nbsp;&nbsp;14 | 47 |
| 12-31-2018 | 13.04 | 0.37 | (0.81) | (0.44) | (0.36) | (0.16) | (0.52) | 12.08 | &nbsp;&nbsp;(3.39) | 0.28 | 0.21 | 2.89 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 11 |
| **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** | **Class R2** |
| 12-31-2022 | 13.28 | 0.38 | (1.99) | (1.61) | (0.38) | (0.31) | (0.69) | 10.98 | (12.09) | 0.77 | 0.68 | 3.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | 14 |
| 12-31-2021 | 13.62 | 0.30 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;0.43 | (0.31) | (0.46) | (0.77) | 13.28 | &nbsp;&nbsp;&nbsp;3.18 | 0.71 | 0.63 | 2.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | 32 |
| 12-31-2020 | 13.01 | 0.33 | &nbsp;&nbsp;0.84 | &nbsp;&nbsp;1.17 | (0.30) | (0.26) | (0.56) | 13.62 | &nbsp;&nbsp;&nbsp;9.26 | 0.75 | 0.67 | 2.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | 20 |
| 12-31-2019 | 12.08 | 0.28 | &nbsp;&nbsp;1.11 | &nbsp;&nbsp;1.39 | (0.22) | (0.24) | (0.46) | 13.01 | &nbsp;&nbsp;11.49 | 0.75 | 0.67 | 2.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 47 |
| 12-31-2018 | 13.04 | 0.30 | (0.79) | (0.49) | (0.31) | (0.16) | (0.47) | 12.08 | &nbsp;&nbsp;(3.77) | 0.68 | 0.63 | 2.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 11 |
| **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** | **Class R4** |
| 12-31-2022 | 13.27 | 0.41 | (1.99) | (1.58) | (0.41) | (0.31) | (0.72) | 10.97 | (11.90) | 0.64 | 0.45 | 3.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | 14 |
| 12-31-2021 | 13.62 | 0.32 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;0.45 | (0.34) | (0.46) | (0.80) | 13.27 | &nbsp;&nbsp;&nbsp;3.33 | 0.62 | 0.43 | 2.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | 32 |
| 12-31-2020 | 12.99 | 0.26 | &nbsp;&nbsp;0.96 | &nbsp;&nbsp;1.22 | (0.33) | (0.26) | (0.59) | 13.62 | &nbsp;&nbsp;&nbsp;9.61 | 0.62 | 0.43 | 1.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 20 |
| 12-31-2019 | 12.07 | 0.33 | &nbsp;&nbsp;1.08 | &nbsp;&nbsp;1.41 | (0.25) | (0.24) | (0.49) | 12.99 | &nbsp;&nbsp;11.76 | 0.60 | 0.43 | 2.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 47 |
| 12-31-2018 | 13.03 | 0.32 | (0.78) | (0.46) | (0.34) | (0.16) | (0.50) | 12.07 | &nbsp;&nbsp;(3.54) | 0.52 | 0.36 | 2.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | 11 |
| **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** | **Class R5** |
| 12-31-2022 | 13.28 | 0.43 | (1.99) | (1.56) | (0.43) | (0.31) | (0.74) | 10.98 | (11.79) | 0.34 | 0.25 | 3.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | 14 |
| 12-31-2021 | 13.62 | 0.37 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;0.49 | (0.37) | (0.46) | (0.83) | 13.28 | &nbsp;&nbsp;&nbsp;3.61 | 0.32 | 0.23 | 2.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 32 |
| 12-31-2020 | 13.00 | 0.29 | &nbsp;&nbsp;0.94 | &nbsp;&nbsp;1.23 | (0.35) | (0.26) | (0.61) | 13.62 | &nbsp;&nbsp;&nbsp;9.74 | 0.31 | 0.23 | 2.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | 20 |
| 12-31-2019 | 12.08 | 0.34 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.44 | (0.28) | (0.24) | (0.52) | 13.00 | &nbsp;&nbsp;11.97 | 0.30 | 0.23 | 2.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | 47 |
| 12-31-2018 | 13.04 | 0.36 | (0.79) | (0.43) | (0.37) | (0.16) | (0.53) | 12.08 | &nbsp;&nbsp;(3.34) | 0.22 | 0.16 | 2.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | 11 |
| **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** | **Class R6** |
| 12-31-2022 | 13.27 | 0.43 | (1.98) | (1.55) | (0.44) | (0.31) | (0.75) | 10.97 | (11.67) | 0.29 | 0.20 | 3.63 | &nbsp;&nbsp;&nbsp;&nbsp;15 | 14 |
| 12-31-2021 | 13.61 | 0.37 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;0.49 | (0.37) | (0.46) | (0.83) | 13.27 | &nbsp;&nbsp;&nbsp;3.67 | 0.27 | 0.18 | 2.65 | &nbsp;&nbsp;&nbsp;&nbsp;18 | 32 |
| 12-31-2020 | 12.99 | 0.28 | &nbsp;&nbsp;0.96 | &nbsp;&nbsp;1.24 | (0.36) | (0.26) | (0.62) | 13.61 | &nbsp;&nbsp;&nbsp;9.80 | 0.27 | 0.18 | 2.15 | &nbsp;&nbsp;&nbsp;&nbsp;21 | 20 |
| 12-31-2019 | 12.07 | 0.35 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.45 | (0.29) | (0.24) | (0.53) | 12.99 | &nbsp;&nbsp;12.04 | 0.25 | 0.18 | 2.74 | &nbsp;&nbsp;&nbsp;&nbsp;26 | 47 |
| 12-31-2018 | 13.03 | 0.40 | (0.83) | (0.43) | (0.37) | (0.16) | (0.53) | 12.07 | &nbsp;&nbsp;(3.30) | 0.17 | 0.11 | 3.13 | &nbsp;&nbsp;&nbsp;&nbsp;21 | 11 |
| **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** | **Class 1** |
| 12-31-2022 | 13.27 | 0.43 | (1.98) | (1.55) | (0.44) | (0.31) | (0.75) | 10.97 | (11.72) | 0.33 | 0.24 | 3.59 | 1112 | 14 |
| 12-31-2021 | 13.62 | 0.36 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;0.48 | (0.37) | (0.46) | (0.83) | 13.27 | &nbsp;&nbsp;&nbsp;3.55 | 0.31 | 0.22 | 2.58 | 1444 | 32 |
| 12-31-2020 | 12.99 | 0.29 | &nbsp;&nbsp;0.96 | &nbsp;&nbsp;1.25 | (0.36) | (0.26) | (0.62) | 13.62 | &nbsp;&nbsp;&nbsp;9.85 | 0.30 | 0.22 | 2.20 | 1599 | 20 |
| 12-31-2019 | 12.07 | 0.34 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.44 | (0.28) | (0.24) | (0.52) | 12.99 | &nbsp;&nbsp;11.99 | 0.29 | 0.22 | 2.63 | 1583 | 47 |
| 12-31-2018 | 13.03 | 0.36 | (0.79) | (0.43) | (0.37) | (0.16) | (0.53) | 12.07 | &nbsp;&nbsp;(3.33) | 0.21 | 0.15 | 2.78 | 1573 | 11 |

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| |
|:---|
| <sup>1</sup> Based on average daily shares outstanding. |
| <sup>2</sup> Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| <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> Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |

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SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 33

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

Notes to financial statements

#### Note 1 — Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, five of which are presented in this report (collectively, Multimanager Lifestyle Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as "funds of funds" that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.

The portfolios may offer multiple classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A and Class C shares are open 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 1 shares are offered only to certain affiliates of Manulife Financial Corporation (MFC). Class 5 shares are available only to the John Hancock Freedom 529 plans. 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.

The investment objectives of portfolios are as follows:

#### Multimanager Lifestyle Aggressive Portfolio
To seek long-term growth of capital. Current income is not a consideration.

#### Multimanager Lifestyle Growth Portfolio
To seek long-term growth of capital. Current income is also a consideration.

#### Multimanager Lifestyle Balanced Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.

#### Multimanager Lifestyle Moderate Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on income.

#### Multimanager Lifestyle Conservative Portfolio
To seek a high level of current income with some consideration given to growth of capital.

The accounting policies of the underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds are not covered by this report.

#### 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: Investments in affiliated underlying funds and/or other open-end management investment companies, other than exchange-traded funds (ETFs), are valued at their respective NAVs each business day. 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. 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.

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

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the

34 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.

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

The following is a summary of the values by input classification of the portfolios' investments as of December 31, 2022, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 12-31-22** | **Level 1<br> quoted price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Multimanager Lifestyle Aggressive Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Affiliated investment companies | **$2939029409** | &nbsp;&nbsp;&nbsp;&nbsp;$2939029409 |  |  |
| Common stocks | **164205** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$164205 |
| U.S. Government and Agency obligations | **29272175** |  | &nbsp;&nbsp;&nbsp;&nbsp;$29272175 |  |
| Short-term investments | **1046** | &nbsp;&nbsp;&nbsp;&nbsp;1046 |  |  |
| **Total investments in securities** | **$2968466835** | **$2939030455** | **$29272175** | **$164205** |
| **Multimanager Lifestyle Growth Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Affiliated investment companies | **$7995243302** | &nbsp;&nbsp;&nbsp;&nbsp;$7995243302 |  |  |
| Common stocks | **373054** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$373054 |
| U.S. Government and Agency obligations | **309451075** |  | &nbsp;&nbsp;&nbsp;&nbsp;$309451075 |  |
| Short-term investments | **1069** | &nbsp;&nbsp;&nbsp;&nbsp;1069 |  |  |
| **Total investments in securities** | **$8305068500** | **$7995244371** | **$309451075** | **$373054** |
| **Multimanager Lifestyle Balanced Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Affiliated investment companies | **$7119401944** | &nbsp;&nbsp;&nbsp;&nbsp;$7119401944 |  |  |
| Common stocks | **231161** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$231161 |
| U.S. Government and Agency obligations | **594591039** |  | &nbsp;&nbsp;&nbsp;&nbsp;$594591039 |  |
| Short-term investments | **1043** | &nbsp;&nbsp;&nbsp;&nbsp;1043 |  |  |
| **Total investments in securities** | **$7714225187** | **$7119402987** | **$594591039** | **$231161** |
| **Multimanager Lifestyle Moderate Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Affiliated investment companies | **$2118109746** | &nbsp;&nbsp;&nbsp;&nbsp;$2118109746 |  |  |
| Common stocks | **38771** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$38771 |
| U.S. Government and Agency obligations | **183800501** |  | &nbsp;&nbsp;&nbsp;&nbsp;$183800501 |  |
| Short-term investments | **1118** | &nbsp;&nbsp;&nbsp;&nbsp;1118 |  |  |
| **Total investments in securities** | **$2301950136** | **$2118110864** | **$183800501** | **$38771** |
| **Multimanager Lifestyle Conservative Portfolio** |  |  |  |  |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |

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ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 35

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 12-31-22** | **Level 1<br> quoted price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Multimanager Lifestyle Conservative Portfolio (continued)** |  |  |  |  |
| Affiliated investment companies | **$1687727313** | &nbsp;&nbsp;&nbsp;&nbsp;$1687727313 |  |  |
| U.S. Government and Agency obligations | **164193929** |  | &nbsp;&nbsp;&nbsp;&nbsp;$164193929 |  |
| Short-term investments | **1216831** | &nbsp;&nbsp;&nbsp;&nbsp;1216831 |  |  |
| **Total investments in securities** | **$1853138073** | **$1688944144** | **$164193929** | **—** |

---

**Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.**

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

**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. Capital gain distributions from underlying funds are recorded on ex-date. 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. Return of capital distributions from underlying funds, if any, are treated as a reduction of cost.**

**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.

**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 year ended December 31, 2022, the portfolios had no borrowings under the line of credit.**

Commitment fees for the year ended December 31, 2022 were as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Commitment fee** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12998 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30971 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29444 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10937 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9485 |

---

36 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

**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 portfolio'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 portfolio 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. 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 December 31, 2022, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of December 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** |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5305634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5687166 |

---

As of December 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 December 31, 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)** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2906195792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $240526918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(178255875) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $62271043 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8434351380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520430766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (649713646) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (129282880) |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8089054075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509743903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (884572791) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (374828888) |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2499975378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92644849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (290670091) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (198025242) |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2079191037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25328427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (251381391) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (226052964) |

---

**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 Multimanager Lifestyle Aggressive Portfolio and Multimanager Lifestyle Growth Portfolio generally declare and pay dividends and capital gain distributions, if any, at least annually. The Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Moderate Portfolio and Multimanager Lifestyle Conservative Portfolio generally declare and pay dividends quarterly and capital gain distributions, if any, at least annually.**

The tax character of distributions for the year ended December 31, 2022 was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Ordinary<br> Income** | &nbsp;&nbsp;&nbsp;**Long Term<br> Capital Gains** | &nbsp;&nbsp;&nbsp;**Total** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $38373065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $373412760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $411785825 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158249506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894131683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052381189 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208704743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646432767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 855137510 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75882477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123587095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199469572 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72015816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48963566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120979382 |

---

The tax character of distributions for the year ended December 31, 2021 was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Ordinary<br> Income** | &nbsp;&nbsp;&nbsp;**Long Term<br> Capital Gains** | &nbsp;&nbsp;&nbsp;**Total** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $133690999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $265477276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $399168275 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381891494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694659470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1076550964 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375654306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 626254159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1001908465 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102030347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140864425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242894772 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76422647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66460905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142883552 |

---

Distributions paid by the portfolios 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. As of December 31, 2022, the components of distributable earnings on a tax basis were as follows:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Undistributed<br> Ordinary Income** | &nbsp;&nbsp;&nbsp;**Undistributed<br> Long Term<br> Capital Gains** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $137481769 |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 37

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Undistributed<br> Ordinary Income** | &nbsp;&nbsp;&nbsp;**Undistributed<br> Long Term<br> Capital Gains** |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $330981165 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190546109 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30841798 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

Such distributions and distributable earnings, 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. Short-term gains from underlying funds are treated as ordinary income for tax purposes.

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.

#### 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 as detailed below. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of MFC and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.**

The management fee has two components: (1) a fee on assets invested in a fund of John Hancock Funds II (JHF II) or John Hancock Funds III (JHF III); and (2) a fee on assets invested in investments other than a fund of JHF II or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.

Management fees are determined in accordance with the following schedule:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**First $7.5 billion of aggregate net assets** | &nbsp;&nbsp;&nbsp;**Excess over $7.5 billion of aggregate net assets** |
| Assets in a fund of the Trust or JHF III | &nbsp;&nbsp;0.050% | &nbsp;&nbsp;0.040% |
| Other assets | &nbsp;&nbsp;0.500% | &nbsp;&nbsp;0.490% |

---

The Advisor has contractually agreed to waive and/or reimburse all class-specific expenses for Class A and Class I shares of the portfolios to the extent they exceed 0.41% and 0.11%, respectively, of average net assets on an annualized basis attributable to the class (the class expense waiver). The class expense waiver expires on April 30, 2023, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reduce its management fee and/or make payment to each portfolio in an amount equal to the amount by which "Other expenses" of a portfolio exceed 0.05% of the average annual net assets (on an annualized basis) of the portfolio. "Other expenses" means all of the expenses of a portfolio, excluding certain expenses such as management fees, taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, class-specific expenses, underlying fund expenses (acquired fund fees), and short dividend expense. The current expense limitation agreement expires on April 30, 2023, unless renewed by mutual agreement of a portfolio and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

Additionally, the Advisor voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the portfolio's first $7.5 billion of average net assets and 0.49% of the portfolio's average net assets in excess of $7.5 billion. This voluntary waiver may be amended or terminated at any time by the Advisor upon notice to the portfolio.

For the year ended December 31, 2022, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class A** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class C** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class I** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $920696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $69490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $14999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $85057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4103661 | &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; $5222937 |

---

38 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class A** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class C** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class I** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R6** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class 1** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class 5** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2716116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $191921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $50366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $36453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $172529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9274523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $500329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12956696 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2467982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7520431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10567764 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1600007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2557044 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1101852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1902825 |

---

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 year ended December 31, 2022, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Net Annual Effective Rate** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;0.07% |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;0.09% |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;0.12% |

---

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Net Annual Effective Rate** |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;0.13% |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;0.15% |

---

**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 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 year ended December 31, 2022, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.**

**Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have 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 portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain other services. The portfolios 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 portfolios' shares:**

---

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

---

The portfolios' Distributor has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on April 30, 2023, unless renewed by mutual agreement of the portfolios and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the year ended December 31, 2022:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R4** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3280 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4116 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6525 |

---

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class R4** |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2604 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2037 |

---

**Sales charges. Class A shares are assessed up-front sales charges of up to 4.50% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the Distributor during the year ended December 31, 2022:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;**Multimanager Lifestyle Conservative Portfolio** |
| Total sales charges | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $218718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $652078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $405326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $184694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $164986 |
| Retained for printing prospectus, advertising and sales literature | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15665 |
| Sales commission to unrelated broker-dealers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149321 |

---

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 $250,000 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 year ended December 31, 2022, CDSCs received by the Distributor for Class A and Class C shares were as follows:

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 39

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Class A** | &nbsp;&nbsp;&nbsp;**Class C** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp; $10627 | &nbsp;&nbsp; $4150 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp; 47444 | &nbsp;&nbsp; 9936 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp; 49549 | &nbsp;&nbsp; 5901 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp; 30090 | &nbsp;&nbsp; 3134 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp; 102047 | &nbsp;&nbsp; 4459 |

---

**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 year ended December 31, 2022 were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class** | &nbsp;&nbsp;&nbsp;**Distribution and service fees** | &nbsp;&nbsp;&nbsp;**Transfer agent fees** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1685194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $654248 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51401 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class I | &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; 10657 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1136 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 306 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R6 | &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; 4994 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1303526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;&nbsp;&nbsp;**$3505590** | &nbsp;&nbsp;&nbsp;&nbsp;**$723008** |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5598021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2173457 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1382259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160837 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class I | &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; 40327 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2417 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 580 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R6 | &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; 11455 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3335483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;**$10463316** | &nbsp;&nbsp;**$2389452** |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5825640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2261943 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1193946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class I | &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; 41659 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2065 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 602 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1361 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R6 | &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; 11006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3118811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;**$10280236** | &nbsp;&nbsp;**$2457512** |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2245508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $871940 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60608 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class I | &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; 17897 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 792 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 982 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R6 | &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; 2544 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 816730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;&nbsp;&nbsp;**$3641623** | &nbsp;&nbsp;&nbsp;&nbsp;**$955003** |

---

40 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Class** | &nbsp;&nbsp;&nbsp;**Distribution and service fees** | &nbsp;&nbsp;&nbsp;**Transfer agent fees** |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2242829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $870992 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50862 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class I | &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; 25119 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class R6 | &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; 1463 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 616252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Total** | &nbsp;&nbsp;**$3337928** | &nbsp;&nbsp;**$949502** |

---

**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.**

#### Note 5 — Portfolio share transactions
Transactions in portfolios' shares for the years ended December 31, 2022 and 2021 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Aggressive Portfolio** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3226455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $47287895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3947945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70351101 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5877259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69116904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3776820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64243198 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5342653) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (77792638) | &nbsp;&nbsp;&nbsp;&nbsp; (5263600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (93926019) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **3761061** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$38612161** | &nbsp;&nbsp;&nbsp;&nbsp; **2461165** | &nbsp;&nbsp;&nbsp;&nbsp; **$40668280** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5042664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6973832 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4706372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5155251 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1023613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14906490) | &nbsp;&nbsp;&nbsp;&nbsp; (1311577) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23287703) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(279602)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(5157454)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(618637)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(11158620)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3215797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7734164 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1051547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 955433 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (246348) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3554085) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (329764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5986087) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **62612** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$713259** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **155149** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$2703510** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1626957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3427944 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1470807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1307416 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121713) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1771265) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (123808) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2199263) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **121363** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1326499** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **146051** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$2536097** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1957456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $379061 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290114 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (70355) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1018242) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22197) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (393084) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **95396** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1372317** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **16498** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$276091** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1708849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $447525 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 261287 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37831) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (586613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (46500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (799950) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **116199** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1567172** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(6624)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(91138)** |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 41

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Aggressive Portfolio , Cont'd** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1595481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $23343611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19992916 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7318459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5810839 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1182474) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17376586) | &nbsp;&nbsp;&nbsp;&nbsp; (1201842) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20951538) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **1038516** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$13285484** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **260640** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$4852217** |
| **Class 1 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2699697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $39348655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1465686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $26276932 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 27967089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326375925 | &nbsp;&nbsp;&nbsp;&nbsp; 18951839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320286070 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (21052266) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (302940148) | &nbsp;&nbsp;&nbsp; (25997280) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (463211878) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **9614520** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$62784432** | &nbsp;&nbsp;&nbsp;&nbsp; **(5579755)** | &nbsp;&nbsp; **$(116648876)** |
| **Total net increase (decrease)** | &nbsp;&nbsp; **14530065** | &nbsp;&nbsp; **$114503870** | &nbsp;&nbsp; **(3165513)** | &nbsp;&nbsp;&nbsp; **$(76862439)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp; 10026813 | &nbsp;&nbsp;&nbsp;&nbsp; $144790649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13694823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $237184360 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 17690589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207690487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12424385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204256277 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (18851847) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (267849467) | &nbsp;&nbsp;&nbsp;&nbsp; (16679890) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (289580408) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **8865555** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$84631669** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **9439318** | &nbsp;&nbsp;&nbsp;&nbsp; **$151860229** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11177809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17762572 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1086037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12760932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16291925 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4015383) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57501314) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6058779) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (104489617) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(2153174)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(33562573)** | &nbsp;&nbsp;&nbsp;&nbsp; **(4039545)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(70435120)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10105495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1144187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19866733 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3606830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3804022 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1086157) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15260501) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1062520) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18426902) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(81256)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(1548176)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **314757** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$5243853** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2064563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4918580 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2810030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2647734 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (178275) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2521431) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (262356) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4454393) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **215373** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$2353162** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **184173** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$3111921** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $512753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $729694 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 426460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494938 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (102000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1456188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45763) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (810561) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(28872)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(516975)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **25711** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$414071** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1129339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $746560 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 776098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 673106 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48984) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (677349) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (134586) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2217611) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **94285** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1228088** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(50386)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(797945)** |

---

42 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Growth Portfolio , Cont'd** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3135004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $45351801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1937607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $33342345 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13981015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12249215 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2556859) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35943709) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2631338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (44618664) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **1778232** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$23389107** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **55915** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$972896** |
| **Class 1 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2072447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $28699284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1257038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $21682937 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 65519370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 763300655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48460129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 791838506 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (56692581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (801636415) | &nbsp;&nbsp;&nbsp;&nbsp; (73569726) | &nbsp;&nbsp;&nbsp;&nbsp; (1269931314) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **10899236** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(9636476)** | &nbsp;&nbsp;&nbsp;&nbsp; **(23852559)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(456409871)** |
| **Class 5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9589179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12968948 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3717980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43240110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2486233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40550453 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1121398) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15853548) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1344604) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23388342) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **3264931** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$36975741** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **1891641** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$30131059** |
| **Total net increase (decrease)** | &nbsp;&nbsp; **22854310** | &nbsp;&nbsp; **$103313567** | &nbsp;&nbsp; **(16030975)** | &nbsp;&nbsp; **$(335908907)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp; 12099626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $166682011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17393567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $285892058 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 15883062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185782453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13424407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209694558 |
| Repurchased | &nbsp;&nbsp;&nbsp; (24446255) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (330573658) | &nbsp;&nbsp;&nbsp;&nbsp; (19366911) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (318870122) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp; **3536433** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$21890806** | &nbsp;&nbsp;&nbsp;&nbsp; **11451063** | &nbsp;&nbsp;&nbsp;&nbsp; **$176716494** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7558413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11848726 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8819343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 941452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14657422 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (4616717) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63221216) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6585451) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (107882108) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(3310663)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(46843460)** | &nbsp;&nbsp;&nbsp;&nbsp; **(4923289)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(81375960)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12316106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1052354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17224808 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3334362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3964550 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (1334147) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17914188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (908185) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14802293) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(135576)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(2263720)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **399847** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$6387065** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2575487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5833371 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1886951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2116375 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (274111) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3601121) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (317913) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5183971) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **84471** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$861317** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **172356** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$2765775** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $565305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1045228 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741486 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (105432) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1438102) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (114577) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1887729) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(9729)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(243628)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(3726)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(101015)** |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 43

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Balanced Portfolio , Cont'd** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2552529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1964525 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1569099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1648465 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (191058) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2570820) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (168913) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2788616) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **131579** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1550808** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **57688** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$824374** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4298080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $59349856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2809050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $45698889 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1084730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12587018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 719028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11144604 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (2760483) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37230974) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4052806) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64188473) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **2622327** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$34705900** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(524728)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(7344980)** |
| **Class 1 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3002145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $39809991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1799823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29446376 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 53509409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 621510935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47548229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 737160592 |
| Repurchased | &nbsp;&nbsp;&nbsp; (63988271) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (858391314) | &nbsp;&nbsp;&nbsp;&nbsp; (70543999) | &nbsp;&nbsp;&nbsp;&nbsp; (1150051991) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(7476717)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(197070388)** | &nbsp;&nbsp;&nbsp;&nbsp; **(21195947)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(383445023)** |
| **Class 5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5295968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10647912 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1414195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16439729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1159842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17992698 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (1078516) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14406397) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (876519) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14364158) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **714374** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$7329300** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **934525** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$14276452** |
| **Total net decrease** | &nbsp;&nbsp; **(3843501)** | &nbsp;&nbsp; **$(180083065)** | &nbsp;&nbsp; **(13632211)** | &nbsp;&nbsp; **$(271296818)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7011619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $88828542 | &nbsp;&nbsp;&nbsp;&nbsp; 10851331 | &nbsp;&nbsp;&nbsp;&nbsp; $159702120 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4862008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54561446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4600189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64952906 |
| Repurchased | &nbsp;&nbsp;&nbsp; (13179879) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (164143879) | &nbsp;&nbsp;&nbsp;&nbsp; (8630262) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (127042478) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **(1306252)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(20753891)** | &nbsp;&nbsp;&nbsp;&nbsp; **6821258** | &nbsp;&nbsp;&nbsp;&nbsp; **$97612548** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 452954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5736527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 663818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9842735 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3087018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5104939 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (2196688) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27841693) | &nbsp;&nbsp;&nbsp;&nbsp; (3307719) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48822326) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(1469244)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(19018148)** | &nbsp;&nbsp;&nbsp;&nbsp; **(2283627)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(33874652)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9145984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7364807 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1222493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1129238 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (567137) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6854751) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (287047) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4199886) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **268621** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$3513726** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **296621** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$4294159** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $782383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2865121 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715347 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (139668) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1754383) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (156864) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2304128) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(22043)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(362939)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **87950** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1276340** |

---

44 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Moderate Portfolio , Cont'd** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $824186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $653967 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240574 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (197435) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2397779) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (62788) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (917487) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(119179)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(1457749)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(1043)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(22946)** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 577675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7747434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1000116 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 684494 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (346041) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4452901) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (125469) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1824594) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **309547** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$4163638** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(8034)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(139984)** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1125568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $14068457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1042171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $14974192 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2351929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2187489 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (634391) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7953677) | &nbsp;&nbsp;&nbsp;&nbsp; (1849145) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26847203) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **703051** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$8466709** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(650961)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(9685522)** |
| **Class 1 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2222413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $27638216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2234127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $32592680 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 11637224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129877218 | &nbsp;&nbsp;&nbsp;&nbsp; 11382109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159818494 |
| Repurchased | &nbsp;&nbsp;&nbsp; (19149410) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (237785784) | &nbsp;&nbsp;&nbsp; (20610599) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (302394765) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(5289773)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(80270350)** | &nbsp;&nbsp;&nbsp;&nbsp; **(6994363)** | &nbsp;&nbsp; **$(109983591)** |
| **Class 5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2387873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5804117 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4904970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5747962 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (662514) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8141171) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (387560) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5679492) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(34798)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(848328)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **419386** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$5872587** |
| **Total net decrease** | &nbsp;&nbsp; **(6960070)** | &nbsp;&nbsp; **$(106567332)** | &nbsp;&nbsp; **(2312813)** | &nbsp;&nbsp;&nbsp; **$(44651061)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Conservative Portfolio** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class A shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10980898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $133553461 | &nbsp;&nbsp;&nbsp;&nbsp; 19709182 | &nbsp;&nbsp;&nbsp;&nbsp; $272465204 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3586384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40178541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3427203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45937248 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (19041962) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (228390841) | &nbsp;&nbsp;&nbsp; (14400061) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (198955758) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp; **(4474680)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(54658839)** | &nbsp;&nbsp;&nbsp;&nbsp; **8736324** | &nbsp;&nbsp;&nbsp; **$119446694** |
| **Class C shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3094117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 608717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8390651 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1863718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3043914 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2066570) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24754804) | &nbsp;&nbsp;&nbsp;&nbsp; (2439461) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33657679) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(1643669)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(19796969)** | &nbsp;&nbsp;&nbsp;&nbsp; **(1603328)** | &nbsp;&nbsp;&nbsp;&nbsp; **$(22223114)** |
| **Class I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 831558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10128695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 983037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13607805 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1132320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1305138 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1230600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14384787) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (672168) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9265784) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(298188)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(3123772)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **408323** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$5647159** |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 45

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Multimanager Lifestyle Conservative Portfolio , Cont'd** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-22** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** | &nbsp;&nbsp;&nbsp;**Year Ended 12-31-21** |
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;**Amount** |
| **Class R2 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $760508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2262874 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444269 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (138504) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1672668) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (253726) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3503008) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(40967)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(537508)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(56718)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(795865)** |
| **Class R4 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $67531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $233906 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137913 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24218) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (289970) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45567) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (631147) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(7953)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(103975)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(18181)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(259328)** |
| **Class R5 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1199497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $787207 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186998 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (133105) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1699273) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (85002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1162579) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(26004)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(348448)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(14288)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(188374)** |
| **Class R6 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 504630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6165106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5427392 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 890967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1030730 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (621555) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7568180) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (614383) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8442316) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(37219)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(512107)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(143547)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(1984194)** |
| **Class 1 shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3249103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $39522662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4099722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $56561762 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6638493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74288376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6600865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88420244 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp; (17314611) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (207856931) | &nbsp;&nbsp;&nbsp; (19313158) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (265900721) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp; **(7427015)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(94045893)** | &nbsp;&nbsp;&nbsp;&nbsp; **(8612571)** | &nbsp;&nbsp; **$(120918715)** |
| **Total net decrease** | &nbsp;&nbsp; **(13955695)** | &nbsp;&nbsp; **$(173127511)** | &nbsp;&nbsp; **(1303986)** | &nbsp;&nbsp;&nbsp; **$(21275737)** |

---

Affiliates of the Trust owned shares of the following classes of the portfolios on December 31, 2022. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Class** | &nbsp;&nbsp;&nbsp;**% by Class** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;Class R6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2% |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;Class 1 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;Class 1 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;Class 5 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;Class 1 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;Class 5 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;Class 1 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;Class 5 | &nbsp;&nbsp;100% |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;Class 1 | &nbsp;&nbsp;100% |

---

#### Note 6 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the year ended December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;**Sales** | &nbsp;&nbsp;&nbsp;**Sales** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;**U.S. Government** | &nbsp;&nbsp;&nbsp;**Other issuers** | &nbsp;&nbsp;&nbsp;**U.S. Government** | &nbsp;&nbsp;&nbsp;**Other issuers** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp; $18810926 | &nbsp;&nbsp; $328785092 | &nbsp;&nbsp; $11199830 | &nbsp;&nbsp; $451060357 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp; 156303667 | &nbsp;&nbsp; 924162261 | &nbsp;&nbsp; 179122506 | &nbsp;&nbsp; 1357686766 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp; 287955208 | &nbsp;&nbsp; 883856049 | &nbsp;&nbsp; 315610356 | &nbsp;&nbsp; 1466389963 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp; 82801079 | &nbsp;&nbsp; 267859449 | &nbsp;&nbsp; 107513750 | &nbsp;&nbsp; 430430560 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp; 61652866 | &nbsp;&nbsp; 239182199 | &nbsp;&nbsp; 112242984 | &nbsp;&nbsp; 403704286 |

---

46 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

#### Note 7 — Investment in affiliated underlying funds
The portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios' investment may represent a significant portion of each affiliated underlying funds' net assets. At December 31, 2022, the following portfolios held 5% or more of the net assets of the affiliated underlying funds shown below:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Affiliated Fund** | &nbsp;&nbsp;&nbsp;**Percentage of<br> underlying fund<br> net assets** |
| Multimanager Lifestyle Aggressive Portfolio |  |  |
|  | &nbsp;&nbsp;JHF Global Thematic Opportunities Fund | &nbsp;&nbsp;22.3% |
|  | &nbsp;&nbsp;JHF II Mid Value Fund | &nbsp;&nbsp;15.7% |
|  | &nbsp;&nbsp;JHF II Small Cap Growth Fund | &nbsp;&nbsp;15.2% |
|  | &nbsp;&nbsp;JHF II Health Sciences Fund | &nbsp;&nbsp;14.7% |
|  | &nbsp;&nbsp;JHF II International Small Company Fund | &nbsp;&nbsp;13.7% |
|  | &nbsp;&nbsp;JHF Diversified Real Assets Fund | &nbsp;&nbsp;13.6% |
|  | &nbsp;&nbsp;JHF II Small Cap Value Fund | &nbsp;&nbsp;13.1% |
|  | &nbsp;&nbsp;JHF II Equity Income Fund | &nbsp;&nbsp;13.0% |
|  | &nbsp;&nbsp;JHF II Science & Technology Fund | &nbsp;&nbsp;12.3% |
|  | &nbsp;&nbsp;JHF Mid Cap Growth Fund | &nbsp;&nbsp;11.7% |
|  | &nbsp;&nbsp;JHF International Dynamic Growth Fund | &nbsp;&nbsp;10.9% |
|  | &nbsp;&nbsp;JHF Multifactor Emerging Markets ETF | &nbsp;&nbsp;10.5% |
|  | &nbsp;&nbsp;JHF Emerging Markets Equity Fund | &nbsp;&nbsp;10.2% |
|  | &nbsp;&nbsp;JHF Disciplined Value International Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.4% |
|  | &nbsp;&nbsp;JHF Financial Industries Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.3% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.8% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.1% |
|  | &nbsp;&nbsp;JHF Small Cap Core Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.1% |
|  | &nbsp;&nbsp;JHF II Global Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.1% |
|  | &nbsp;&nbsp;JHF II International Strategic Equity Allocation Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.7% |
|  | &nbsp;&nbsp;JHF II Blue Chip Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.3% |
| Multimanager Lifestyle Growth Portfolio |  |  |
|  | &nbsp;&nbsp;JHF Global Thematic Opportunities Fund | &nbsp;&nbsp;48.4% |
|  | &nbsp;&nbsp;JHF II Mid Value Fund | &nbsp;&nbsp;35.6% |
|  | &nbsp;&nbsp;JHF II Health Sciences Fund | &nbsp;&nbsp;34.1% |
|  | &nbsp;&nbsp;JHF II Science & Technology Fund | &nbsp;&nbsp;33.8% |
|  | &nbsp;&nbsp;JHF Diversified Real Assets Fund | &nbsp;&nbsp;33.7% |
|  | &nbsp;&nbsp;JHF II Fundamental Global Franchise Fund | &nbsp;&nbsp;31.3% |
|  | &nbsp;&nbsp;JHF II International Small Company Fund | &nbsp;&nbsp;30.1% |
|  | &nbsp;&nbsp;JHF II Equity Income Fund | &nbsp;&nbsp;30.0% |
|  | &nbsp;&nbsp;JHF II Small Cap Growth Fund | &nbsp;&nbsp;29.3% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Value Fund | &nbsp;&nbsp;29.2% |
|  | &nbsp;&nbsp;JHF Multifactor Emerging Markets ETF | &nbsp;&nbsp;28.8% |
|  | &nbsp;&nbsp;JHF II Small Cap Value Fund | &nbsp;&nbsp;26.9% |
|  | &nbsp;&nbsp;JHF Mid Cap Growth Fund | &nbsp;&nbsp;26.2% |
|  | &nbsp;&nbsp;JHF International Dynamic Growth Fund | &nbsp;&nbsp;25.2% |
|  | &nbsp;&nbsp;JHF II Global Equity Fund | &nbsp;&nbsp;23.2% |
|  | &nbsp;&nbsp;JHF II Emerging Markets Debt Fund | &nbsp;&nbsp;18.7% |
|  | &nbsp;&nbsp;JHF Emerging Markets Equity Fund | &nbsp;&nbsp;18.6% |
|  | &nbsp;&nbsp;JHF Disciplined Value International Fund | &nbsp;&nbsp;16.8% |
|  | &nbsp;&nbsp;JHF Financial Industries Fund | &nbsp;&nbsp;16.8% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Fund | &nbsp;&nbsp;15.7% |
|  | &nbsp;&nbsp;JHF Small Cap Core Fund | &nbsp;&nbsp;14.4% |
|  | &nbsp;&nbsp;JHF II International Strategic Equity Allocation Fund | &nbsp;&nbsp;13.1% |
|  | &nbsp;&nbsp;JHF II Blue Chip Growth Fund | &nbsp;&nbsp;11.9% |
|  | &nbsp;&nbsp;JHF High Yield Fund | &nbsp;&nbsp;11.5% |
|  | &nbsp;&nbsp;JHF Short Duration Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp;9.7% |
|  | &nbsp;&nbsp;JHF II Floating Rate Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;9.4% |
|  | &nbsp;&nbsp;JHF Fundamental Large Cap Core Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.6% |
|  | &nbsp;&nbsp;JHF II U.S. Sector Rotation Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.2% |
|  | &nbsp;&nbsp;JHF II Strategic Income Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.9% |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 47

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Affiliated Fund** | &nbsp;&nbsp;&nbsp;**Percentage of<br> underlying fund<br> net assets** |
|  | &nbsp;&nbsp;JHF Diversified Macro Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.5% |
| Multimanager Lifestyle Balanced Portfolio |  |  |
|  | &nbsp;&nbsp;JHF II Multi-Asset High Income Fund | &nbsp;&nbsp;33.3% |
|  | &nbsp;&nbsp;JHF II Emerging Markets Debt Fund | &nbsp;&nbsp;30.9% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Value Fund | &nbsp;&nbsp;30.5% |
|  | &nbsp;&nbsp;JHF II Fundamental Global Franchise Fund | &nbsp;&nbsp;29.0% |
|  | &nbsp;&nbsp;JHF II Science & Technology Fund | &nbsp;&nbsp;28.7% |
|  | &nbsp;&nbsp;JHF II Health Sciences Fund | &nbsp;&nbsp;25.4% |
|  | &nbsp;&nbsp;JHF II Global Equity Fund | &nbsp;&nbsp;25.2% |
|  | &nbsp;&nbsp;JHF Short Duration Bond Fund | &nbsp;&nbsp;24.9% |
|  | &nbsp;&nbsp;JHF II Mid Value Fund | &nbsp;&nbsp;24.0% |
|  | &nbsp;&nbsp;JHF Diversified Real Assets Fund | &nbsp;&nbsp;23.4% |
|  | &nbsp;&nbsp;JHF Global Thematic Opportunities Fund | &nbsp;&nbsp;23.1% |
|  | &nbsp;&nbsp;JHF High Yield Fund | &nbsp;&nbsp;21.3% |
|  | &nbsp;&nbsp;JHF II Small Cap Value Fund | &nbsp;&nbsp;19.8% |
|  | &nbsp;&nbsp;JHF II Small Cap Growth Fund | &nbsp;&nbsp;19.1% |
|  | &nbsp;&nbsp;JHF International Dynamic Growth Fund | &nbsp;&nbsp;18.5% |
|  | &nbsp;&nbsp;JHF II Equity Income Fund | &nbsp;&nbsp;18.1% |
|  | &nbsp;&nbsp;JHF II Floating Rate Income Fund | &nbsp;&nbsp;18.1% |
|  | &nbsp;&nbsp;JHF Multifactor Emerging Markets ETF | &nbsp;&nbsp;18.0% |
|  | &nbsp;&nbsp;JHF Mid Cap Growth Fund | &nbsp;&nbsp;16.7% |
|  | &nbsp;&nbsp;JHF II Strategic Income Opportunities Fund | &nbsp;&nbsp;15.0% |
|  | &nbsp;&nbsp;JHF II International Small Company Fund | &nbsp;&nbsp;15.0% |
|  | &nbsp;&nbsp;JHF Disciplined Value International Fund | &nbsp;&nbsp;12.9% |
|  | &nbsp;&nbsp;JHF Financial Industries Fund | &nbsp;&nbsp;12.3% |
|  | &nbsp;&nbsp;JHF Emerging Markets Equity Fund | &nbsp;&nbsp;10.6% |
|  | &nbsp;&nbsp;JHF II Core Bond Fund | &nbsp;&nbsp;&nbsp;&nbsp;9.6% |
|  | &nbsp;&nbsp;JHF Small Cap Core Fund | &nbsp;&nbsp;&nbsp;&nbsp;9.3% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.6% |
|  | &nbsp;&nbsp;JHF II International Strategic Equity Allocation Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.1% |
|  | &nbsp;&nbsp;JHF Diversified Macro Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.9% |
|  | &nbsp;&nbsp;JHF II Blue Chip Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.4% |
|  | &nbsp;&nbsp;JHF II U.S. Sector Rotation Fund | &nbsp;&nbsp;&nbsp;&nbsp;6.7% |
|  | &nbsp;&nbsp;JHF Fundamental Large Cap Core Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.1% |
| Multimanager Lifestyle Moderate Portfolio |  |  |
|  | &nbsp;&nbsp;JHF II Multi-Asset High Income Fund | &nbsp;&nbsp;29.6% |
|  | &nbsp;&nbsp;JHF II Emerging Markets Debt Fund | &nbsp;&nbsp;13.3% |
|  | &nbsp;&nbsp;JHF II Core Bond Fund | &nbsp;&nbsp;13.0% |
|  | &nbsp;&nbsp;JHF Short Duration Bond Fund | &nbsp;&nbsp;12.5% |
|  | &nbsp;&nbsp;JHF High Yield Fund | &nbsp;&nbsp;&nbsp;&nbsp;9.5% |
|  | &nbsp;&nbsp;JHF II Capital Appreciation Value Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.8% |
|  | &nbsp;&nbsp;JHF II Fundamental Global Franchise Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.4% |
|  | &nbsp;&nbsp;JHF II Floating Rate Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.1% |
|  | &nbsp;&nbsp;JHF II Global Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;7.4% |
|  | &nbsp;&nbsp;JHF II Strategic Income Opportunities Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.3% |
|  | &nbsp;&nbsp;JHF II Small Cap Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;5.2% |
| Multimanager Lifestyle Conservative Portfolio |  |  |
|  | &nbsp;&nbsp;JHF II Multi-Asset High Income Fund | &nbsp;&nbsp;31.4% |
|  | &nbsp;&nbsp;JHF II Core Bond Fund | &nbsp;&nbsp;16.6% |
|  | &nbsp;&nbsp;JHF Short Duration Bond Fund | &nbsp;&nbsp;14.8% |
|  | &nbsp;&nbsp;JHF II Emerging Markets Debt Fund | &nbsp;&nbsp;14.4% |
|  | &nbsp;&nbsp;JHF High Yield Fund | &nbsp;&nbsp;10.1% |
|  | &nbsp;&nbsp;JHF II Floating Rate Income Fund | &nbsp;&nbsp;&nbsp;&nbsp;8.7% |

---

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

48 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** | **Multimanager Lifestyle Aggressive Portfolio** |
| Blue Chip Growth | &nbsp;&nbsp;4763924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $252700922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12464800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3487819) | &nbsp;&nbsp;&nbsp;&nbsp;$(1374388) | &nbsp;&nbsp;&nbsp;&nbsp;$(102998759) |  | &nbsp;&nbsp;&nbsp;&nbsp;$8261714 | &nbsp;&nbsp;&nbsp;&nbsp;$157304756 |
| Capital Appreciation | &nbsp;&nbsp;7850686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118548828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11882485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1792137) | &nbsp;&nbsp;&nbsp;&nbsp;(543617) | &nbsp;&nbsp;&nbsp;&nbsp;(53200018) |  | &nbsp;&nbsp;&nbsp;&nbsp;8466979 | &nbsp;&nbsp;&nbsp;&nbsp;74895541 |
| Capital Appreciation Value | 10058688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80546510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29286337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8387578) | &nbsp;&nbsp;&nbsp;&nbsp;(1273773) | &nbsp;&nbsp;&nbsp;&nbsp;(19199054) | &nbsp;&nbsp;&nbsp;&nbsp;$1250459 | &nbsp;&nbsp;&nbsp;&nbsp;9207948 | &nbsp;&nbsp;&nbsp;&nbsp;80972442 |
| Core Bond | &nbsp;&nbsp;3768928 | &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; 47884211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5056301) | &nbsp;&nbsp;&nbsp;&nbsp;(362281) | &nbsp;&nbsp;&nbsp;&nbsp;(1648135) | &nbsp;&nbsp;&nbsp;&nbsp;772141 |  | &nbsp;&nbsp;&nbsp;&nbsp;40817494 |
| Disciplined Value | &nbsp;&nbsp;7065530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190615484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10182708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (34218398) | &nbsp;&nbsp;&nbsp;&nbsp;1596487 | &nbsp;&nbsp;&nbsp;&nbsp;(20224080) | &nbsp;&nbsp;&nbsp;&nbsp;2100442 | &nbsp;&nbsp;&nbsp;&nbsp;8031460 | &nbsp;&nbsp;&nbsp;&nbsp;147952201 |
| Disciplined Value International | 12426929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203514944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4079014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32022555) | &nbsp;&nbsp;&nbsp;&nbsp;1979342 | &nbsp;&nbsp;&nbsp;&nbsp;(15006520) | &nbsp;&nbsp;&nbsp;&nbsp;3398027 | &nbsp;&nbsp;&nbsp;&nbsp;680986 | &nbsp;&nbsp;&nbsp;&nbsp;162544225 |
| Diversified Macro | &nbsp;&nbsp;2390434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38792465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3967047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24812447) | &nbsp;&nbsp;&nbsp;&nbsp;791587 | &nbsp;&nbsp;&nbsp;&nbsp;2655734 | &nbsp;&nbsp;&nbsp;&nbsp;2190374 |  | &nbsp;&nbsp;&nbsp;&nbsp;21394386 |
| Diversified Real Assets | 12704527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181796341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9166988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41664313) | &nbsp;&nbsp;&nbsp;&nbsp;5138624 | &nbsp;&nbsp;&nbsp;&nbsp;(13798530) | &nbsp;&nbsp;&nbsp;&nbsp;3332862 | &nbsp;&nbsp;&nbsp;&nbsp;4662584 | &nbsp;&nbsp;&nbsp;&nbsp;140639110 |
| Emerging Markets Debt | &nbsp;&nbsp;2081610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19815790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1018816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1918985) | &nbsp;&nbsp;&nbsp;&nbsp;(505598) | &nbsp;&nbsp;&nbsp;&nbsp;(3339164) | &nbsp;&nbsp;&nbsp;&nbsp;938839 |  | &nbsp;&nbsp;&nbsp;&nbsp;15070859 |
| Emerging Markets Equity | 21353157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253570261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8678187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2733979) | &nbsp;&nbsp;&nbsp;&nbsp;(2024688) | &nbsp;&nbsp;&nbsp;&nbsp;(70222597) | &nbsp;&nbsp;&nbsp;&nbsp;2485970 |  | &nbsp;&nbsp;&nbsp;&nbsp;187267184 |
| Equity Income | 12385736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304205878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24343876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66660060) | &nbsp;&nbsp;&nbsp;&nbsp;6215060 | &nbsp;&nbsp;&nbsp;&nbsp;(40702634) | &nbsp;&nbsp;&nbsp;&nbsp;4788431 | &nbsp;&nbsp;&nbsp;&nbsp;19555444 | &nbsp;&nbsp;&nbsp;&nbsp;227402120 |
| Financial Industries | &nbsp;&nbsp;2775347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60468288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4306566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11586132) | &nbsp;&nbsp;&nbsp;&nbsp;(541466) | &nbsp;&nbsp;&nbsp;&nbsp;(11488862) | &nbsp;&nbsp;&nbsp;&nbsp;491059 | &nbsp;&nbsp;&nbsp;&nbsp;3815507 | &nbsp;&nbsp;&nbsp;&nbsp;41158394 |
| Fundamental Large Cap Core | &nbsp;&nbsp;4050968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298287076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13781052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9467443) | &nbsp;&nbsp;&nbsp;&nbsp;(1562907) | &nbsp;&nbsp;&nbsp;&nbsp;(84270470) | &nbsp;&nbsp;&nbsp;&nbsp;1315254 | &nbsp;&nbsp;&nbsp;&nbsp;12465798 | &nbsp;&nbsp;&nbsp;&nbsp;216767308 |
| Global Equity | &nbsp;&nbsp;4158279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40399481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16393647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4302844) | &nbsp;&nbsp;&nbsp;&nbsp;(714937) | &nbsp;&nbsp;&nbsp;&nbsp;(8778739) | &nbsp;&nbsp;&nbsp;&nbsp;424857 | &nbsp;&nbsp;&nbsp;&nbsp;2639076 | &nbsp;&nbsp;&nbsp;&nbsp;42996608 |
| Global Thematic Opportunities | &nbsp;&nbsp;6017863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90898171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3697639) | &nbsp;&nbsp;&nbsp;&nbsp;(1149576) | &nbsp;&nbsp;&nbsp;&nbsp;(22992097) | &nbsp;&nbsp;&nbsp;&nbsp;309243 |  | &nbsp;&nbsp;&nbsp;&nbsp;63368102 |
| Health Sciences | &nbsp;&nbsp;9379114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60003165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1263253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6677441) | &nbsp;&nbsp;&nbsp;&nbsp;(1160834) | &nbsp;&nbsp;&nbsp;&nbsp;(8127024) |  | &nbsp;&nbsp;&nbsp;&nbsp;1263253 | &nbsp;&nbsp;&nbsp;&nbsp;45301119 |
| High Yield | &nbsp;&nbsp;2607725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9973268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 747020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1659879) | &nbsp;&nbsp;&nbsp;&nbsp;(240696) | &nbsp;&nbsp;&nbsp;&nbsp;(1335542) | &nbsp;&nbsp;&nbsp;&nbsp;494015 |  | &nbsp;&nbsp;&nbsp;&nbsp;7484171 |
| International Dynamic Growth | &nbsp;&nbsp;4074115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50045401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2403966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;(16108264) | &nbsp;&nbsp;&nbsp;&nbsp;330511 |  | &nbsp;&nbsp;&nbsp;&nbsp;36341103 |
| International Growth | &nbsp;&nbsp;3783128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114422617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11203022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;(40732257) |  | &nbsp;&nbsp;&nbsp;&nbsp;10203022 | &nbsp;&nbsp;&nbsp;&nbsp;84893382 |
| International Small Company | &nbsp;&nbsp;8838306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121037263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3041573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16324810) | &nbsp;&nbsp;&nbsp;&nbsp;(1934075) | &nbsp;&nbsp;&nbsp;&nbsp;(22474724) | &nbsp;&nbsp;&nbsp;&nbsp;1381038 | &nbsp;&nbsp;&nbsp;&nbsp;1660535 | &nbsp;&nbsp;&nbsp;&nbsp;83345227 |
| International Strategic Equity Allocation | 26507614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321192561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5346756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (38271273) | &nbsp;&nbsp;&nbsp;&nbsp;(5678677) | &nbsp;&nbsp;&nbsp;&nbsp;(54093736) | &nbsp;&nbsp;&nbsp;&nbsp;5363896 |  | &nbsp;&nbsp;&nbsp;&nbsp;228495631 |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | &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; 2550481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2549438) | &nbsp;&nbsp;&nbsp;&nbsp;3 |  | &nbsp;&nbsp;&nbsp;&nbsp;914 |  | &nbsp;&nbsp;&nbsp;&nbsp;1046 |
| Mid Cap Growth | 12512585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216607037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30465998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5003722) | &nbsp;&nbsp;&nbsp;&nbsp;(4327037) | &nbsp;&nbsp;&nbsp;&nbsp;(82085723) |  | &nbsp;&nbsp;&nbsp;&nbsp;10737677 | &nbsp;&nbsp;&nbsp;&nbsp;155656553 |
| Mid Value | 14558115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286733007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35712037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59005367) | &nbsp;&nbsp;&nbsp;&nbsp;1568971 | &nbsp;&nbsp;&nbsp;&nbsp;(48383901) | &nbsp;&nbsp;&nbsp;&nbsp;1152431 | &nbsp;&nbsp;&nbsp;&nbsp;34559607 | &nbsp;&nbsp;&nbsp;&nbsp;216624747 |
| Multifactor Emerging Markets ETF | &nbsp;&nbsp;3081553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75152297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11967476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10129) | &nbsp;&nbsp;&nbsp;&nbsp;(2376) | &nbsp;&nbsp;&nbsp;&nbsp;(15646054) | &nbsp;&nbsp;&nbsp;&nbsp;1955938 |  | &nbsp;&nbsp;&nbsp;&nbsp;71461214 |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 49

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| Science & Technology | 14251435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29118971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5115864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4952789) | &nbsp;&nbsp;&nbsp;&nbsp;$(9127286) | &nbsp;&nbsp;&nbsp;&nbsp;$(3908124) |  | &nbsp;&nbsp;&nbsp;&nbsp;$2518001 | &nbsp;&nbsp;&nbsp;&nbsp;$16246636 |
| Small Cap Core | &nbsp;&nbsp;7466222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134113181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3506122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10380311) | &nbsp;&nbsp;&nbsp;&nbsp;(1839507) | &nbsp;&nbsp;&nbsp;&nbsp;(23709548) |  | &nbsp;&nbsp;&nbsp;&nbsp;975239 | &nbsp;&nbsp;&nbsp;&nbsp;101689937 |
| Small Cap Growth | &nbsp;&nbsp;4575630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91905889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4618617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2633302) | &nbsp;&nbsp;&nbsp;&nbsp;(1162342) | &nbsp;&nbsp;&nbsp;&nbsp;(32833859) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;59895003 |
| Small Cap Value | &nbsp;&nbsp;4159129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107994555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11779945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27594958) | &nbsp;&nbsp;&nbsp;&nbsp;1506945 | &nbsp;&nbsp;&nbsp;&nbsp;(23937885) | &nbsp;&nbsp;&nbsp;&nbsp;$789171 | &nbsp;&nbsp;&nbsp;&nbsp;10990775 | &nbsp;&nbsp;&nbsp;&nbsp;69748602 |
| U.S. Sector Rotation | 17315607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205244029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3868468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26737748) | &nbsp;&nbsp;&nbsp;&nbsp;(4106921) | &nbsp;&nbsp;&nbsp;&nbsp;(36972474) | &nbsp;&nbsp;&nbsp;&nbsp;1410135 | &nbsp;&nbsp;&nbsp;&nbsp;2458332 | &nbsp;&nbsp;&nbsp;&nbsp;141295354 |
|  |  |  |  |  | **$(20835963)** | **$(875563040)** | **$36676007** | **$153153937** | **$2939030455** |
| **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** | **Multimanager Lifestyle Growth Portfolio** |
| Absolute Return Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $81509511 | &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; $(77441226) | &nbsp;&nbsp;&nbsp;&nbsp;$2788027 | &nbsp;&nbsp;&nbsp;&nbsp;$(6856312) |  |  |  |
| Blue Chip Growth | 10783198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 574982157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $30023306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11745980) | &nbsp;&nbsp;&nbsp;&nbsp;(4521341) | &nbsp;&nbsp;&nbsp;&nbsp;(232676928) |  | &nbsp;&nbsp;&nbsp;&nbsp;$18759073 | &nbsp;&nbsp;&nbsp;&nbsp;$356061214 |
| Bond | 38544440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598586202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64051631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (42228434) | &nbsp;&nbsp;&nbsp;&nbsp;(8403797) | &nbsp;&nbsp;&nbsp;&nbsp;(98208215) | &nbsp;&nbsp;&nbsp;&nbsp;$20366312 |  | &nbsp;&nbsp;&nbsp;&nbsp;513797387 |
| Capital Appreciation | 20028201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 301213018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36062851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9916387) | &nbsp;&nbsp;&nbsp;&nbsp;(2774903) | &nbsp;&nbsp;&nbsp;&nbsp;(133515543) |  | &nbsp;&nbsp;&nbsp;&nbsp;21600450 | &nbsp;&nbsp;&nbsp;&nbsp;191069036 |
| Capital Appreciation Value | 43230577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393168678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74786627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29077802) | &nbsp;&nbsp;&nbsp;&nbsp;(2991874) | &nbsp;&nbsp;&nbsp;&nbsp;(87879484) | &nbsp;&nbsp;&nbsp;&nbsp;5301616 | &nbsp;&nbsp;&nbsp;&nbsp;39039278 | &nbsp;&nbsp;&nbsp;&nbsp;348006145 |
| Disciplined Value | 16770804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444007403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31055379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (82090971) | &nbsp;&nbsp;&nbsp;&nbsp;5540214 | &nbsp;&nbsp;&nbsp;&nbsp;(47331385) | &nbsp;&nbsp;&nbsp;&nbsp;4945461 | &nbsp;&nbsp;&nbsp;&nbsp;18909956 | &nbsp;&nbsp;&nbsp;&nbsp;351180640 |
| Disciplined Value International | 28099522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461542617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11418144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (75215261) | &nbsp;&nbsp;&nbsp;&nbsp;4010511 | &nbsp;&nbsp;&nbsp;&nbsp;(34214266) | &nbsp;&nbsp;&nbsp;&nbsp;7683552 | &nbsp;&nbsp;&nbsp;&nbsp;1539832 | &nbsp;&nbsp;&nbsp;&nbsp;367541745 |
| Diversified Macro | &nbsp;&nbsp;4204197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81749858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5906911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58507320) | &nbsp;&nbsp;&nbsp;&nbsp;1888438 | &nbsp;&nbsp;&nbsp;&nbsp;6589678 | &nbsp;&nbsp;&nbsp;&nbsp;3776464 |  | &nbsp;&nbsp;&nbsp;&nbsp;37627565 |
| Diversified Real Assets | 31536847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405959935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46034535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (83228359) | &nbsp;&nbsp;&nbsp;&nbsp;13464686 | &nbsp;&nbsp;&nbsp;&nbsp;(33117896) | &nbsp;&nbsp;&nbsp;&nbsp;8273269 | &nbsp;&nbsp;&nbsp;&nbsp;11574080 | &nbsp;&nbsp;&nbsp;&nbsp;349112901 |
| Emerging Markets Debt | 22874790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214848726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12077728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19234140) | &nbsp;&nbsp;&nbsp;&nbsp;(6536659) | &nbsp;&nbsp;&nbsp;&nbsp;(35542178) | &nbsp;&nbsp;&nbsp;&nbsp;10339600 |  | &nbsp;&nbsp;&nbsp;&nbsp;165613477 |
| Emerging Markets Equity | 38864671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462658711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13059920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3782099) | &nbsp;&nbsp;&nbsp;&nbsp;(2947217) | &nbsp;&nbsp;&nbsp;&nbsp;(128146151) | &nbsp;&nbsp;&nbsp;&nbsp;4500362 |  | &nbsp;&nbsp;&nbsp;&nbsp;340843164 |
| Equity Income | 28652564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694473406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55718304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (147383118) | &nbsp;&nbsp;&nbsp;&nbsp;24132633 | &nbsp;&nbsp;&nbsp;&nbsp;(100880145) | &nbsp;&nbsp;&nbsp;&nbsp;10963751 | &nbsp;&nbsp;&nbsp;&nbsp;44754553 | &nbsp;&nbsp;&nbsp;&nbsp;526061080 |
| Financial Industries | &nbsp;&nbsp;6389633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141016506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9914932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28438919) | &nbsp;&nbsp;&nbsp;&nbsp;(979559) | &nbsp;&nbsp;&nbsp;&nbsp;(26754704) | &nbsp;&nbsp;&nbsp;&nbsp;1130556 | &nbsp;&nbsp;&nbsp;&nbsp;8784376 | &nbsp;&nbsp;&nbsp;&nbsp;94758256 |
| Floating Rate Income | 16111380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215966563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12818326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (89932208) | &nbsp;&nbsp;&nbsp;&nbsp;(6865613) | &nbsp;&nbsp;&nbsp;&nbsp;(13085083) | &nbsp;&nbsp;&nbsp;&nbsp;11049747 |  | &nbsp;&nbsp;&nbsp;&nbsp;118901985 |
| Fundamental Global Franchise | 10594753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140973580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9559365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8973137) | &nbsp;&nbsp;&nbsp;&nbsp;(2582936) | &nbsp;&nbsp;&nbsp;&nbsp;(38220767) | &nbsp;&nbsp;&nbsp;&nbsp;400497 | &nbsp;&nbsp;&nbsp;&nbsp;8165714 | &nbsp;&nbsp;&nbsp;&nbsp;100756105 |
| Fundamental Large Cap Core | &nbsp;&nbsp;7262930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539207700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24707873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21552539) | &nbsp;&nbsp;&nbsp;&nbsp;(2717425) | &nbsp;&nbsp;&nbsp;&nbsp;(151006244) | &nbsp;&nbsp;&nbsp;&nbsp;2358102 | &nbsp;&nbsp;&nbsp;&nbsp;22349772 | &nbsp;&nbsp;&nbsp;&nbsp;388639365 |
| Global Equity | 15861479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174581998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39832120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12333744) | &nbsp;&nbsp;&nbsp;&nbsp;(2050943) | &nbsp;&nbsp;&nbsp;&nbsp;(36021741) | &nbsp;&nbsp;&nbsp;&nbsp;1594291 | &nbsp;&nbsp;&nbsp;&nbsp;9903241 | &nbsp;&nbsp;&nbsp;&nbsp;164007690 |
| Global Thematic Opportunities | 13064365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197341635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4895238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12302202) | &nbsp;&nbsp;&nbsp;&nbsp;(3621262) | &nbsp;&nbsp;&nbsp;&nbsp;(48745648) | &nbsp;&nbsp;&nbsp;&nbsp;682991 |  | &nbsp;&nbsp;&nbsp;&nbsp;137567761 |
| Health Sciences | 21766891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138792645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3718040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16048218) | &nbsp;&nbsp;&nbsp;&nbsp;(2578215) | &nbsp;&nbsp;&nbsp;&nbsp;(18750170) |  | &nbsp;&nbsp;&nbsp;&nbsp;2947338 | &nbsp;&nbsp;&nbsp;&nbsp;105134082 |
| High Yield | 46178377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177768262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10081594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27098526) | &nbsp;&nbsp;&nbsp;&nbsp;(3337899) | &nbsp;&nbsp;&nbsp;&nbsp;(24881488) | &nbsp;&nbsp;&nbsp;&nbsp;8826469 |  | &nbsp;&nbsp;&nbsp;&nbsp;132531943 |
| International Dynamic Growth | &nbsp;&nbsp;9406423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111735289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9785194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1563779) | &nbsp;&nbsp;&nbsp;&nbsp;(1082506) | &nbsp;&nbsp;&nbsp;&nbsp;(34968904) | &nbsp;&nbsp;&nbsp;&nbsp;763092 |  | &nbsp;&nbsp;&nbsp;&nbsp;83905294 |

---

50 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| International Growth | &nbsp;&nbsp;7786504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $232310573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29044383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3362024) | &nbsp;&nbsp;&nbsp;&nbsp;$(1367321) | &nbsp;&nbsp;&nbsp;&nbsp;$(81896465) |  | &nbsp;&nbsp;&nbsp;&nbsp;$21235394 | &nbsp;&nbsp;&nbsp;&nbsp;$174729146 |
| International Small Company | 19352177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270639957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6685489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (40664505) | &nbsp;&nbsp;&nbsp;&nbsp;(3947123) | &nbsp;&nbsp;&nbsp;&nbsp;(50222791) | &nbsp;&nbsp;&nbsp;&nbsp;$3035572 | &nbsp;&nbsp;&nbsp;&nbsp;3649917 | &nbsp;&nbsp;&nbsp;&nbsp;182491027 |
| International Strategic Equity Allocation | 60623888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732836619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12184438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87212459) | &nbsp;&nbsp;&nbsp;&nbsp;(11444610) | &nbsp;&nbsp;&nbsp;&nbsp;(123786077) | &nbsp;&nbsp;&nbsp;&nbsp;12184437 |  | &nbsp;&nbsp;&nbsp;&nbsp;522577911 |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107 | &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; 1771231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1770092) | &nbsp;&nbsp;&nbsp;&nbsp;(70) |  | &nbsp;&nbsp;&nbsp;&nbsp;454 |  | &nbsp;&nbsp;&nbsp;&nbsp;1069 |
| Mid Cap Growth | 28156709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 487418096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74024069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17620122) | &nbsp;&nbsp;&nbsp;&nbsp;(14013884) | &nbsp;&nbsp;&nbsp;&nbsp;(179538700) |  | &nbsp;&nbsp;&nbsp;&nbsp;24162685 | &nbsp;&nbsp;&nbsp;&nbsp;350269459 |
| Mid Value | 33076023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653645385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81137717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (138586890) | &nbsp;&nbsp;&nbsp;&nbsp;10459380 | &nbsp;&nbsp;&nbsp;&nbsp;(114484363) | &nbsp;&nbsp;&nbsp;&nbsp;2618322 | &nbsp;&nbsp;&nbsp;&nbsp;78519394 | &nbsp;&nbsp;&nbsp;&nbsp;492171229 |
| Multifactor Emerging Markets ETF | &nbsp;&nbsp;8405994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198586439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38906278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (817490) | &nbsp;&nbsp;&nbsp;&nbsp;(226376) | &nbsp;&nbsp;&nbsp;&nbsp;(41513850) | &nbsp;&nbsp;&nbsp;&nbsp;5266577 |  | &nbsp;&nbsp;&nbsp;&nbsp;194935001 |
| Science & Technology | 39191254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70096469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14935399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8594115) | &nbsp;&nbsp;&nbsp;&nbsp;(16962317) | &nbsp;&nbsp;&nbsp;&nbsp;(14797406) |  | &nbsp;&nbsp;&nbsp;&nbsp;6329427 | &nbsp;&nbsp;&nbsp;&nbsp;44678030 |
| Short Duration Bond | 10154673 | &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; 98980012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6463991) | &nbsp;&nbsp;&nbsp;&nbsp;19826 | &nbsp;&nbsp;&nbsp;&nbsp;887141 | &nbsp;&nbsp;&nbsp;&nbsp;874257 |  | &nbsp;&nbsp;&nbsp;&nbsp;93422988 |
| Small Cap Core | 17550146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315600020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6758175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23589619) | &nbsp;&nbsp;&nbsp;&nbsp;(3498863) | &nbsp;&nbsp;&nbsp;&nbsp;(56236726) |  | &nbsp;&nbsp;&nbsp;&nbsp;2300793 | &nbsp;&nbsp;&nbsp;&nbsp;239032987 |
| Small Cap Growth | &nbsp;&nbsp;8818615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181373630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8044985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7817708) | &nbsp;&nbsp;&nbsp;&nbsp;(2533197) | &nbsp;&nbsp;&nbsp;&nbsp;(63632041) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;115435669 |
| Small Cap Value | &nbsp;&nbsp;8533794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231064382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24142003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65943993) | &nbsp;&nbsp;&nbsp;&nbsp;4779699 | &nbsp;&nbsp;&nbsp;&nbsp;(50930358) | &nbsp;&nbsp;&nbsp;&nbsp;1617339 | &nbsp;&nbsp;&nbsp;&nbsp;22524664 | &nbsp;&nbsp;&nbsp;&nbsp;143111733 |
| Strategic Income Opportunities | 26131208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334030626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15211681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53490984) | &nbsp;&nbsp;&nbsp;&nbsp;(4547701) | &nbsp;&nbsp;&nbsp;&nbsp;(39560090) | &nbsp;&nbsp;&nbsp;&nbsp;11256225 |  | &nbsp;&nbsp;&nbsp;&nbsp;251643532 |
| U.S. Sector Rotation | 38924970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 443172929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8599614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45428497) | &nbsp;&nbsp;&nbsp;&nbsp;(6203590) | &nbsp;&nbsp;&nbsp;&nbsp;(82512701) | &nbsp;&nbsp;&nbsp;&nbsp;3134735 | &nbsp;&nbsp;&nbsp;&nbsp;5464878 | &nbsp;&nbsp;&nbsp;&nbsp;317627755 |
|  |  |  |  |  | **$(51653787)** | **$(2222438001)** | **$142944050** | **$372514815** | **$7995244371** |
| **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** | **Multimanager Lifestyle Balanced Portfolio** |
| Absolute Return Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $101287060 | &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; $(96371896) | &nbsp;&nbsp;&nbsp;&nbsp;$1360100 | &nbsp;&nbsp;&nbsp;&nbsp;$(6275264) |  |  |  |
| Blue Chip Growth | &nbsp;&nbsp;6704615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364699430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $28142050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20957021) | &nbsp;&nbsp;&nbsp;&nbsp;(8242939) | &nbsp;&nbsp;&nbsp;&nbsp;(142255146) |  | &nbsp;&nbsp;&nbsp;&nbsp;$11890124 | &nbsp;&nbsp;&nbsp;&nbsp;$221386374 |
| Bond | 51506069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 898441560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34849031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (91309333) | &nbsp;&nbsp;&nbsp;&nbsp;(18059169) | &nbsp;&nbsp;&nbsp;&nbsp;(137346185) | &nbsp;&nbsp;&nbsp;&nbsp;$28893054 |  | &nbsp;&nbsp;&nbsp;&nbsp;686575904 |
| Capital Appreciation | 11041956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166776486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25373109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10714478) | &nbsp;&nbsp;&nbsp;&nbsp;(3486885) | &nbsp;&nbsp;&nbsp;&nbsp;(72607970) |  | &nbsp;&nbsp;&nbsp;&nbsp;11904252 | &nbsp;&nbsp;&nbsp;&nbsp;105340262 |
| Capital Appreciation Value | 45194399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 418643356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74603257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (34269637) | &nbsp;&nbsp;&nbsp;&nbsp;(2767623) | &nbsp;&nbsp;&nbsp;&nbsp;(92394442) | &nbsp;&nbsp;&nbsp;&nbsp;5524167 | &nbsp;&nbsp;&nbsp;&nbsp;40678065 | &nbsp;&nbsp;&nbsp;&nbsp;363814911 |
| Core Bond | 14071732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103515062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68799597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (992547) | &nbsp;&nbsp;&nbsp;&nbsp;(26631) | &nbsp;&nbsp;&nbsp;&nbsp;(18898621) | &nbsp;&nbsp;&nbsp;&nbsp;3225911 |  | &nbsp;&nbsp;&nbsp;&nbsp;152396860 |
| Disciplined Value | 10216754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273416674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27782199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (62680910) | &nbsp;&nbsp;&nbsp;&nbsp;7415099 | &nbsp;&nbsp;&nbsp;&nbsp;(31994228) | &nbsp;&nbsp;&nbsp;&nbsp;3030088 | &nbsp;&nbsp;&nbsp;&nbsp;11586144 | &nbsp;&nbsp;&nbsp;&nbsp;213938834 |
| Disciplined Value International | 21605294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356854372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12056561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63486980) | &nbsp;&nbsp;&nbsp;&nbsp;845079 | &nbsp;&nbsp;&nbsp;&nbsp;(23671785) | &nbsp;&nbsp;&nbsp;&nbsp;5907766 | &nbsp;&nbsp;&nbsp;&nbsp;1183953 | &nbsp;&nbsp;&nbsp;&nbsp;282597247 |
| Diversified Macro | &nbsp;&nbsp;6123786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102238848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9513852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66054335) | &nbsp;&nbsp;&nbsp;&nbsp;2589182 | &nbsp;&nbsp;&nbsp;&nbsp;6520340 | &nbsp;&nbsp;&nbsp;&nbsp;5462953 |  | &nbsp;&nbsp;&nbsp;&nbsp;54807887 |
| Diversified Real Assets | 21973259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 281496671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37662668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (62983183) | &nbsp;&nbsp;&nbsp;&nbsp;12824061 | &nbsp;&nbsp;&nbsp;&nbsp;(25756245) | &nbsp;&nbsp;&nbsp;&nbsp;5764390 | &nbsp;&nbsp;&nbsp;&nbsp;8064226 | &nbsp;&nbsp;&nbsp;&nbsp;243243972 |
| Emerging Markets Debt | 37877225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360769769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19836504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35495442) | &nbsp;&nbsp;&nbsp;&nbsp;(12287953) | &nbsp;&nbsp;&nbsp;&nbsp;(58591770) | &nbsp;&nbsp;&nbsp;&nbsp;17436810 |  | &nbsp;&nbsp;&nbsp;&nbsp;274231108 |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 51

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| Emerging Markets Equity | 22203392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $272840317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8172570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(9015813) | &nbsp;&nbsp;&nbsp;&nbsp;$(6126894) | &nbsp;&nbsp;&nbsp;&nbsp;$(71146430) | &nbsp;&nbsp;&nbsp;&nbsp;$2572701 |  | &nbsp;&nbsp;&nbsp;&nbsp;$194723750 |
| Equity Income | 17294816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427645572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33646518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (98457917) | &nbsp;&nbsp;&nbsp;&nbsp;22353746 | &nbsp;&nbsp;&nbsp;&nbsp;(67655096) | &nbsp;&nbsp;&nbsp;&nbsp;6640946 | &nbsp;&nbsp;&nbsp;&nbsp;$27005573 | &nbsp;&nbsp;&nbsp;&nbsp;317532823 |
| Financial Industries | &nbsp;&nbsp;4674729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104522509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7253879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22239253) | &nbsp;&nbsp;&nbsp;&nbsp;(403678) | &nbsp;&nbsp;&nbsp;&nbsp;(19807221) | &nbsp;&nbsp;&nbsp;&nbsp;827128 | &nbsp;&nbsp;&nbsp;&nbsp;6426751 | &nbsp;&nbsp;&nbsp;&nbsp;69326236 |
| Floating Rate Income | 31104653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363869595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20640738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121162664) | &nbsp;&nbsp;&nbsp;&nbsp;(8759856) | &nbsp;&nbsp;&nbsp;&nbsp;(25035475) | &nbsp;&nbsp;&nbsp;&nbsp;19387170 |  | &nbsp;&nbsp;&nbsp;&nbsp;229552338 |
| Fundamental Global Franchise | &nbsp;&nbsp;9798377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131373171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9952235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10408555) | &nbsp;&nbsp;&nbsp;&nbsp;(2527801) | &nbsp;&nbsp;&nbsp;&nbsp;(35206480) | &nbsp;&nbsp;&nbsp;&nbsp;369518 | &nbsp;&nbsp;&nbsp;&nbsp;7534087 | &nbsp;&nbsp;&nbsp;&nbsp;93182570 |
| Fundamental Large Cap Core | &nbsp;&nbsp;4325489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315976324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21217460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15749770) | &nbsp;&nbsp;&nbsp;&nbsp;(2039759) | &nbsp;&nbsp;&nbsp;&nbsp;(87947347) | &nbsp;&nbsp;&nbsp;&nbsp;1404384 | &nbsp;&nbsp;&nbsp;&nbsp;13310564 | &nbsp;&nbsp;&nbsp;&nbsp;231456908 |
| Global Equity | 17197997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199112895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36438251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15387717) | &nbsp;&nbsp;&nbsp;&nbsp;(2357815) | &nbsp;&nbsp;&nbsp;&nbsp;(39978327) | &nbsp;&nbsp;&nbsp;&nbsp;1720476 | &nbsp;&nbsp;&nbsp;&nbsp;10687059 | &nbsp;&nbsp;&nbsp;&nbsp;177827287 |
| Global Shareholder Yield | &nbsp;&nbsp;3870258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52118587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3663353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10641044) | &nbsp;&nbsp;&nbsp;&nbsp;1398343 | &nbsp;&nbsp;&nbsp;&nbsp;(7294826) | &nbsp;&nbsp;&nbsp;&nbsp;1440238 | &nbsp;&nbsp;&nbsp;&nbsp;2223115 | &nbsp;&nbsp;&nbsp;&nbsp;39244413 |
| Global Thematic Opportunities | &nbsp;&nbsp;6243880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104258026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4344678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15122634) | &nbsp;&nbsp;&nbsp;&nbsp;(1533077) | &nbsp;&nbsp;&nbsp;&nbsp;(26198938) | &nbsp;&nbsp;&nbsp;&nbsp;360092 |  | &nbsp;&nbsp;&nbsp;&nbsp;65748055 |
| Health Sciences | 16251619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103287998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5549546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14623589) | &nbsp;&nbsp;&nbsp;&nbsp;(1829739) | &nbsp;&nbsp;&nbsp;&nbsp;(13888897) |  | &nbsp;&nbsp;&nbsp;&nbsp;2199437 | &nbsp;&nbsp;&nbsp;&nbsp;78495319 |
| High Yield | 85410824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328412783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17376932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48372919) | &nbsp;&nbsp;&nbsp;&nbsp;(6329174) | &nbsp;&nbsp;&nbsp;&nbsp;(45958558) | &nbsp;&nbsp;&nbsp;&nbsp;16399836 |  | &nbsp;&nbsp;&nbsp;&nbsp;245129064 |
| International Dynamic Growth | &nbsp;&nbsp;6924623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82556422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8795183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2747944) | &nbsp;&nbsp;&nbsp;&nbsp;(1505253) | &nbsp;&nbsp;&nbsp;&nbsp;(25330771) | &nbsp;&nbsp;&nbsp;&nbsp;561757 |  | &nbsp;&nbsp;&nbsp;&nbsp;61767637 |
| International Growth | &nbsp;&nbsp;6135985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182785172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25983128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5767092) | &nbsp;&nbsp;&nbsp;&nbsp;(1861036) | &nbsp;&nbsp;&nbsp;&nbsp;(63448673) |  | &nbsp;&nbsp;&nbsp;&nbsp;16674006 | &nbsp;&nbsp;&nbsp;&nbsp;137691499 |
| International Small Company | &nbsp;&nbsp;9636413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145961237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3299355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29872156) | &nbsp;&nbsp;&nbsp;&nbsp;(246004) | &nbsp;&nbsp;&nbsp;&nbsp;(28271058) | &nbsp;&nbsp;&nbsp;&nbsp;1498085 | &nbsp;&nbsp;&nbsp;&nbsp;1801270 | &nbsp;&nbsp;&nbsp;&nbsp;90871374 |
| International Strategic Equity Allocation | 37293675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458412116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7469865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60632812) | &nbsp;&nbsp;&nbsp;&nbsp;(6933646) | &nbsp;&nbsp;&nbsp;&nbsp;(76844041) | &nbsp;&nbsp;&nbsp;&nbsp;7469866 |  | &nbsp;&nbsp;&nbsp;&nbsp;321471482 |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 | &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; 4555091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4553804) | &nbsp;&nbsp;&nbsp;&nbsp;(244) |  | &nbsp;&nbsp;&nbsp;&nbsp;1539 |  | &nbsp;&nbsp;&nbsp;&nbsp;1043 |
| Mid Cap Growth | 17931246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322261002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50131249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21988476) | &nbsp;&nbsp;&nbsp;&nbsp;(17678491) | &nbsp;&nbsp;&nbsp;&nbsp;(109660583) |  | &nbsp;&nbsp;&nbsp;&nbsp;15387702 | &nbsp;&nbsp;&nbsp;&nbsp;223064701 |
| Mid Value | 22321193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449254006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54761310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (102868661) | &nbsp;&nbsp;&nbsp;&nbsp;3209127 | &nbsp;&nbsp;&nbsp;&nbsp;(72216436) | &nbsp;&nbsp;&nbsp;&nbsp;1766962 | &nbsp;&nbsp;&nbsp;&nbsp;52988430 | &nbsp;&nbsp;&nbsp;&nbsp;332139346 |
| Multi-Asset High Income | &nbsp;&nbsp;4388886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52129013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2726099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8682412) | &nbsp;&nbsp;&nbsp;&nbsp;(668441) | &nbsp;&nbsp;&nbsp;&nbsp;(6135950) | &nbsp;&nbsp;&nbsp;&nbsp;2189020 | &nbsp;&nbsp;&nbsp;&nbsp;288814 | &nbsp;&nbsp;&nbsp;&nbsp;39368309 |
| Multifactor Emerging Markets ETF | &nbsp;&nbsp;5268702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118869200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35751647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6697117) | &nbsp;&nbsp;&nbsp;&nbsp;(1293333) | &nbsp;&nbsp;&nbsp;&nbsp;(24449198) | &nbsp;&nbsp;&nbsp;&nbsp;3339094 |  | &nbsp;&nbsp;&nbsp;&nbsp;122181199 |
| Science & Technology | 33309814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49934677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12300921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1638833) | &nbsp;&nbsp;&nbsp;&nbsp;(2863296) | &nbsp;&nbsp;&nbsp;&nbsp;(19760281) |  | &nbsp;&nbsp;&nbsp;&nbsp;4502666 | &nbsp;&nbsp;&nbsp;&nbsp;37973188 |
| Short Duration Bond | 25982090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192250889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109601933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50684919) | &nbsp;&nbsp;&nbsp;&nbsp;(3789361) | &nbsp;&nbsp;&nbsp;&nbsp;(8343318) | &nbsp;&nbsp;&nbsp;&nbsp;6713442 |  | &nbsp;&nbsp;&nbsp;&nbsp;239035224 |
| Small Cap Core | 11323170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202510790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4153432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14703089) | &nbsp;&nbsp;&nbsp;&nbsp;(1423278) | &nbsp;&nbsp;&nbsp;&nbsp;(36316286) |  | &nbsp;&nbsp;&nbsp;&nbsp;1485959 | &nbsp;&nbsp;&nbsp;&nbsp;154221569 |
| Small Cap Growth | &nbsp;&nbsp;5744112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126152212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7143923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12486281) | &nbsp;&nbsp;&nbsp;&nbsp;(4339658) | &nbsp;&nbsp;&nbsp;&nbsp;(41279766) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;75190430 |
| Small Cap Value | &nbsp;&nbsp;6288804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167753123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17790951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (47185587) | &nbsp;&nbsp;&nbsp;&nbsp;4532162 | &nbsp;&nbsp;&nbsp;&nbsp;(37427413) | &nbsp;&nbsp;&nbsp;&nbsp;1191864 | &nbsp;&nbsp;&nbsp;&nbsp;16599086 | &nbsp;&nbsp;&nbsp;&nbsp;105463236 |

---

52 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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** |
| Strategic Income Opportunities | 56614367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $753026811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $29190898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(137871924) | &nbsp;&nbsp;&nbsp;&nbsp;$(11231516) | &nbsp;&nbsp;&nbsp;&nbsp;$(87917910) | &nbsp;&nbsp;&nbsp;&nbsp;$25133397 |  | &nbsp;&nbsp;&nbsp;&nbsp;$545196359 |
| U.S. Sector Rotation | 35933121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400840834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7881164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36065021) | &nbsp;&nbsp;&nbsp;&nbsp;(3489238) | &nbsp;&nbsp;&nbsp;&nbsp;(75953470) | &nbsp;&nbsp;&nbsp;&nbsp;2872845 | &nbsp;&nbsp;&nbsp;&nbsp;$5008319 | &nbsp;&nbsp;&nbsp;&nbsp;293214269 |
|  |  |  |  |  | **$(77574889)** | **$(1756744065)** | **$179105499** | **$269429602** | **$7119402987** |
| **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** | **Multimanager Lifestyle Moderate Portfolio** |
| Absolute Return Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $37168460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $287699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(35661750) | &nbsp;&nbsp;&nbsp;&nbsp;$1214269 | &nbsp;&nbsp;&nbsp;&nbsp;$(3008678) |  |  |  |
| Blue Chip Growth | &nbsp;&nbsp;1134848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61086022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11210709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9372559) | &nbsp;&nbsp;&nbsp;&nbsp;(2276613) | &nbsp;&nbsp;&nbsp;&nbsp;(23174867) |  | &nbsp;&nbsp;&nbsp;&nbsp;$2038169 | &nbsp;&nbsp;&nbsp;&nbsp;$37472692 |
| Bond | 21803728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369244025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16290232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30983275) | &nbsp;&nbsp;&nbsp;&nbsp;(5277994) | &nbsp;&nbsp;&nbsp;&nbsp;(58629288) | &nbsp;&nbsp;&nbsp;&nbsp;$11999466 |  | &nbsp;&nbsp;&nbsp;&nbsp;290643700 |
| Capital Appreciation | &nbsp;&nbsp;1947052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28001539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7911446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4396690) | &nbsp;&nbsp;&nbsp;&nbsp;(1006065) | &nbsp;&nbsp;&nbsp;&nbsp;(11935356) |  | &nbsp;&nbsp;&nbsp;&nbsp;2099899 | &nbsp;&nbsp;&nbsp;&nbsp;18574874 |
| Capital Appreciation Value | 12995122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125680445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17975507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11299971) | &nbsp;&nbsp;&nbsp;&nbsp;(724492) | &nbsp;&nbsp;&nbsp;&nbsp;(27020761) | &nbsp;&nbsp;&nbsp;&nbsp;1589925 | &nbsp;&nbsp;&nbsp;&nbsp;11707661 | &nbsp;&nbsp;&nbsp;&nbsp;104610728 |
| Core Bond | 18933568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241685214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14865661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14031973) | &nbsp;&nbsp;&nbsp;&nbsp;(1410702) | &nbsp;&nbsp;&nbsp;&nbsp;(36057662) | &nbsp;&nbsp;&nbsp;&nbsp;4860801 |  | &nbsp;&nbsp;&nbsp;&nbsp;205050538 |
| Disciplined Value | &nbsp;&nbsp;2053711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51567255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6959283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10836845) | &nbsp;&nbsp;&nbsp;&nbsp;577545 | &nbsp;&nbsp;&nbsp;&nbsp;(5262528) | &nbsp;&nbsp;&nbsp;&nbsp;603139 | &nbsp;&nbsp;&nbsp;&nbsp;2306221 | &nbsp;&nbsp;&nbsp;&nbsp;43004710 |
| Disciplined Value International | &nbsp;&nbsp;3768978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61550743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3454161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11836093) | &nbsp;&nbsp;&nbsp;&nbsp;(369004) | &nbsp;&nbsp;&nbsp;&nbsp;(3501578) | &nbsp;&nbsp;&nbsp;&nbsp;1030592 | &nbsp;&nbsp;&nbsp;&nbsp;206537 | &nbsp;&nbsp;&nbsp;&nbsp;49298229 |
| Diversified Macro | &nbsp;&nbsp;2510485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37071886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4399380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21836881) | &nbsp;&nbsp;&nbsp;&nbsp;1412577 | &nbsp;&nbsp;&nbsp;&nbsp;1421878 | &nbsp;&nbsp;&nbsp;&nbsp;2300378 |  | &nbsp;&nbsp;&nbsp;&nbsp;22468840 |
| Diversified Real Assets | &nbsp;&nbsp;4267558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54389463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9072583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13880446) | &nbsp;&nbsp;&nbsp;&nbsp;2617154 | &nbsp;&nbsp;&nbsp;&nbsp;(4956886) | &nbsp;&nbsp;&nbsp;&nbsp;1119537 | &nbsp;&nbsp;&nbsp;&nbsp;1566202 | &nbsp;&nbsp;&nbsp;&nbsp;47241868 |
| Emerging Markets Debt | 16294051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152592661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10429739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15313119) | &nbsp;&nbsp;&nbsp;&nbsp;(4902758) | &nbsp;&nbsp;&nbsp;&nbsp;(24837589) | &nbsp;&nbsp;&nbsp;&nbsp;7419047 |  | &nbsp;&nbsp;&nbsp;&nbsp;117968934 |
| Emerging Markets Equity | &nbsp;&nbsp;2660627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29583520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3637343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1329917) | &nbsp;&nbsp;&nbsp;&nbsp;(919150) | &nbsp;&nbsp;&nbsp;&nbsp;(7638099) | &nbsp;&nbsp;&nbsp;&nbsp;309705 |  | &nbsp;&nbsp;&nbsp;&nbsp;23333697 |
| Equity Income | &nbsp;&nbsp;3387309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80659574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6637747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16375979) | &nbsp;&nbsp;&nbsp;&nbsp;3020607 | &nbsp;&nbsp;&nbsp;&nbsp;(11750953) | &nbsp;&nbsp;&nbsp;&nbsp;1282855 | &nbsp;&nbsp;&nbsp;&nbsp;5290370 | &nbsp;&nbsp;&nbsp;&nbsp;62190996 |
| Floating Rate Income | 13896044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153348071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10897269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (47382586) | &nbsp;&nbsp;&nbsp;&nbsp;(4831351) | &nbsp;&nbsp;&nbsp;&nbsp;(9478596) | &nbsp;&nbsp;&nbsp;&nbsp;8382050 |  | &nbsp;&nbsp;&nbsp;&nbsp;102552807 |
| Fundamental Global Franchise | &nbsp;&nbsp;2832478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37853443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4149358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4028927) | &nbsp;&nbsp;&nbsp;&nbsp;(808540) | &nbsp;&nbsp;&nbsp;&nbsp;(10228466) | &nbsp;&nbsp;&nbsp;&nbsp;109840 | &nbsp;&nbsp;&nbsp;&nbsp;2239527 | &nbsp;&nbsp;&nbsp;&nbsp;26936868 |
| Fundamental Large Cap Core | &nbsp;&nbsp;&nbsp;&nbsp;882173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60794430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7658731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3552056) | &nbsp;&nbsp;&nbsp;&nbsp;(519719) | &nbsp;&nbsp;&nbsp;&nbsp;(17176329) | &nbsp;&nbsp;&nbsp;&nbsp;286421 | &nbsp;&nbsp;&nbsp;&nbsp;2714656 | &nbsp;&nbsp;&nbsp;&nbsp;47205057 |
| Global Equity | &nbsp;&nbsp;5055468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65172558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5490892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5145841) | &nbsp;&nbsp;&nbsp;&nbsp;(1757316) | &nbsp;&nbsp;&nbsp;&nbsp;(11486757) | &nbsp;&nbsp;&nbsp;&nbsp;510153 | &nbsp;&nbsp;&nbsp;&nbsp;3168912 | &nbsp;&nbsp;&nbsp;&nbsp;52273536 |
| Global Shareholder Yield | &nbsp;&nbsp;2819455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36259642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2872152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6326623) | &nbsp;&nbsp;&nbsp;&nbsp;951124 | &nbsp;&nbsp;&nbsp;&nbsp;(5167025) | &nbsp;&nbsp;&nbsp;&nbsp;1028519 | &nbsp;&nbsp;&nbsp;&nbsp;1619349 | &nbsp;&nbsp;&nbsp;&nbsp;28589270 |
| High Yield | 38250644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142769320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7976910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18207258) | &nbsp;&nbsp;&nbsp;&nbsp;(2435196) | &nbsp;&nbsp;&nbsp;&nbsp;(20324428) | &nbsp;&nbsp;&nbsp;&nbsp;7208452 |  | &nbsp;&nbsp;&nbsp;&nbsp;109779348 |
| Infrastructure | &nbsp;&nbsp;&nbsp;&nbsp;902864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15029622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 716580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2865393) | &nbsp;&nbsp;&nbsp;&nbsp;506465 | &nbsp;&nbsp;&nbsp;&nbsp;(1803532) | &nbsp;&nbsp;&nbsp;&nbsp;243146 |  | &nbsp;&nbsp;&nbsp;&nbsp;11583742 |
| International Growth | &nbsp;&nbsp;1847735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53558513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9715461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2454048) | &nbsp;&nbsp;&nbsp;&nbsp;(1437901) | &nbsp;&nbsp;&nbsp;&nbsp;(17918856) |  | &nbsp;&nbsp;&nbsp;&nbsp;5010953 | &nbsp;&nbsp;&nbsp;&nbsp;41463169 |
| International Small Company | &nbsp;&nbsp;2120744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25683913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1672314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2078248) | &nbsp;&nbsp;&nbsp;&nbsp;(418012) | &nbsp;&nbsp;&nbsp;&nbsp;(4861356) | &nbsp;&nbsp;&nbsp;&nbsp;329142 | &nbsp;&nbsp;&nbsp;&nbsp;395754 | &nbsp;&nbsp;&nbsp;&nbsp;19998611 |
| International Strategic Equity Allocation | &nbsp;&nbsp;8470196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105376564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2110026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15324784) | &nbsp;&nbsp;&nbsp;&nbsp;(1491413) | &nbsp;&nbsp;&nbsp;&nbsp;(17657302) | &nbsp;&nbsp;&nbsp;&nbsp;1696388 |  | &nbsp;&nbsp;&nbsp;&nbsp;73013091 |

---

ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 53

------

[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **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 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112 | &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; $658116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(657013) | &nbsp;&nbsp;&nbsp;&nbsp;$15 |  | &nbsp;&nbsp;&nbsp;&nbsp;$283 |  | &nbsp;&nbsp;&nbsp;&nbsp;$1118 |
| Mid Cap Growth | &nbsp;&nbsp;3871080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $67626393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18221371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10574152) | &nbsp;&nbsp;&nbsp;&nbsp;(7081185) | &nbsp;&nbsp;&nbsp;&nbsp;$(20036190) |  | &nbsp;&nbsp;&nbsp;&nbsp;$3321968 | &nbsp;&nbsp;&nbsp;&nbsp;48156237 |
| Mid Value | &nbsp;&nbsp;3879252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80559468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11137102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22109501) | &nbsp;&nbsp;&nbsp;&nbsp;1409645 | &nbsp;&nbsp;&nbsp;&nbsp;(13273450) | &nbsp;&nbsp;&nbsp;&nbsp;307084 | &nbsp;&nbsp;&nbsp;&nbsp;9208981 | &nbsp;&nbsp;&nbsp;&nbsp;57723264 |
| Multi-Asset High Income | &nbsp;&nbsp;3907292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45324553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2576478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6945859) | &nbsp;&nbsp;&nbsp;&nbsp;(490990) | &nbsp;&nbsp;&nbsp;&nbsp;(5415773) | &nbsp;&nbsp;&nbsp;&nbsp;1927865 | &nbsp;&nbsp;&nbsp;&nbsp;260040 | &nbsp;&nbsp;&nbsp;&nbsp;35048409 |
| Multifactor Emerging Markets ETF | &nbsp;&nbsp;1025727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23778765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7114957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1619570) | &nbsp;&nbsp;&nbsp;&nbsp;(268534) | &nbsp;&nbsp;&nbsp;&nbsp;(5219009) | &nbsp;&nbsp;&nbsp;&nbsp;679002 |  | &nbsp;&nbsp;&nbsp;&nbsp;23786609 |
| Short Duration Bond | 13009498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109736786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42257804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25037593) | &nbsp;&nbsp;&nbsp;&nbsp;(1875147) | &nbsp;&nbsp;&nbsp;&nbsp;(5394472) | &nbsp;&nbsp;&nbsp;&nbsp;3740419 |  | &nbsp;&nbsp;&nbsp;&nbsp;119687378 |
| Small Cap Core | &nbsp;&nbsp;&nbsp;&nbsp;747535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11331138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1957834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (944355) | &nbsp;&nbsp;&nbsp;&nbsp;(24009) | &nbsp;&nbsp;&nbsp;&nbsp;(2139178) |  | &nbsp;&nbsp;&nbsp;&nbsp;99857 | &nbsp;&nbsp;&nbsp;&nbsp;10181430 |
| Small Cap Growth | &nbsp;&nbsp;1559020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32077262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3357570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3214916) | &nbsp;&nbsp;&nbsp;&nbsp;(1111160) | &nbsp;&nbsp;&nbsp;&nbsp;(10701187) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;20407569 |
| Small Cap Value | &nbsp;&nbsp;1373859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33451557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3886630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7410840) | &nbsp;&nbsp;&nbsp;&nbsp;1860872 | &nbsp;&nbsp;&nbsp;&nbsp;(8748605) | &nbsp;&nbsp;&nbsp;&nbsp;260376 | &nbsp;&nbsp;&nbsp;&nbsp;3626255 | &nbsp;&nbsp;&nbsp;&nbsp;23039614 |
| Strategic Income Opportunities | 19983986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256703159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8967350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39448878) | &nbsp;&nbsp;&nbsp;&nbsp;(2711760) | &nbsp;&nbsp;&nbsp;&nbsp;(31064090) | &nbsp;&nbsp;&nbsp;&nbsp;8717309 |  | &nbsp;&nbsp;&nbsp;&nbsp;192445781 |
| U.S. Sector Rotation | &nbsp;&nbsp;6418891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73416711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1992771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8603637) | &nbsp;&nbsp;&nbsp;&nbsp;(926194) | &nbsp;&nbsp;&nbsp;&nbsp;(13501501) | &nbsp;&nbsp;&nbsp;&nbsp;512673 | &nbsp;&nbsp;&nbsp;&nbsp;893759 | &nbsp;&nbsp;&nbsp;&nbsp;52378150 |
|  |  |  |  |  | **$(31504932)** | **$(447948469)** | **$68454567** | **$57775070** | **$2118110864** |
| **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** | **Multimanager Lifestyle Conservative Portfolio** |
| Absolute Return Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $66678463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3830861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(67517368) | &nbsp;&nbsp;&nbsp;&nbsp;$(361446) | &nbsp;&nbsp;&nbsp;&nbsp;$(2630510) |  |  |  |
| Blue Chip Growth | &nbsp;&nbsp;&nbsp;&nbsp;413471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22734164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8266598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7809294) | &nbsp;&nbsp;&nbsp;&nbsp;(2230002) | &nbsp;&nbsp;&nbsp;&nbsp;(7308664) |  | &nbsp;&nbsp;&nbsp;&nbsp;$766786 | &nbsp;&nbsp;&nbsp;&nbsp;$13652802 |
| Bond | 25672924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434126017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21543331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (38306511) | &nbsp;&nbsp;&nbsp;&nbsp;(6617035) | &nbsp;&nbsp;&nbsp;&nbsp;(68525720) | &nbsp;&nbsp;&nbsp;&nbsp;$14184295 |  | &nbsp;&nbsp;&nbsp;&nbsp;342220082 |
| Capital Appreciation Value | &nbsp;&nbsp;5307310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50845281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9463183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6368502) | &nbsp;&nbsp;&nbsp;&nbsp;(309404) | &nbsp;&nbsp;&nbsp;&nbsp;(10906711) | &nbsp;&nbsp;&nbsp;&nbsp;646239 | &nbsp;&nbsp;&nbsp;&nbsp;4758682 | &nbsp;&nbsp;&nbsp;&nbsp;42723847 |
| Core Bond | 24248446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317526241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12117416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18270335) | &nbsp;&nbsp;&nbsp;&nbsp;(1803025) | &nbsp;&nbsp;&nbsp;&nbsp;(46959622) | &nbsp;&nbsp;&nbsp;&nbsp;6286220 |  | &nbsp;&nbsp;&nbsp;&nbsp;262610675 |
| Disciplined Value | &nbsp;&nbsp;&nbsp;&nbsp;475792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12998278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1618672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3525248) | &nbsp;&nbsp;&nbsp;&nbsp;296847 | &nbsp;&nbsp;&nbsp;&nbsp;(1425473) | &nbsp;&nbsp;&nbsp;&nbsp;140303 | &nbsp;&nbsp;&nbsp;&nbsp;536475 | &nbsp;&nbsp;&nbsp;&nbsp;9963076 |
| Disciplined Value International | &nbsp;&nbsp;1413740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23119609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3487121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6767165) | &nbsp;&nbsp;&nbsp;&nbsp;(338204) | &nbsp;&nbsp;&nbsp;&nbsp;(1009639) | &nbsp;&nbsp;&nbsp;&nbsp;386574 | &nbsp;&nbsp;&nbsp;&nbsp;77472 | &nbsp;&nbsp;&nbsp;&nbsp;18491722 |
| Emerging Markets Debt | 17574566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165744976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16564844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22134901) | &nbsp;&nbsp;&nbsp;&nbsp;(6709910) | &nbsp;&nbsp;&nbsp;&nbsp;(26225152) | &nbsp;&nbsp;&nbsp;&nbsp;8796799 |  | &nbsp;&nbsp;&nbsp;&nbsp;127239857 |
| Emerging Markets Equity | &nbsp;&nbsp;2150748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21638793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6292290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2379766) | &nbsp;&nbsp;&nbsp;&nbsp;(1657356) | &nbsp;&nbsp;&nbsp;&nbsp;(5031897) | &nbsp;&nbsp;&nbsp;&nbsp;250473 |  | &nbsp;&nbsp;&nbsp;&nbsp;18862064 |
| Equity Income | &nbsp;&nbsp;&nbsp;&nbsp;846421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20329771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2774566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5453489) | &nbsp;&nbsp;&nbsp;&nbsp;746915 | &nbsp;&nbsp;&nbsp;&nbsp;(2857476) | &nbsp;&nbsp;&nbsp;&nbsp;321036 | &nbsp;&nbsp;&nbsp;&nbsp;1312046 | &nbsp;&nbsp;&nbsp;&nbsp;15540287 |
| Floating Rate Income | 14974589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165744976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9839471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (49856923) | &nbsp;&nbsp;&nbsp;&nbsp;(5010204) | &nbsp;&nbsp;&nbsp;&nbsp;(10204852) | &nbsp;&nbsp;&nbsp;&nbsp;8950401 |  | &nbsp;&nbsp;&nbsp;&nbsp;110512468 |
| Fundamental Global Franchise | &nbsp;&nbsp;1393510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18115986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3983095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3593059) | &nbsp;&nbsp;&nbsp;&nbsp;(283274) | &nbsp;&nbsp;&nbsp;&nbsp;(4970472) | &nbsp;&nbsp;&nbsp;&nbsp;52155 | &nbsp;&nbsp;&nbsp;&nbsp;1063379 | &nbsp;&nbsp;&nbsp;&nbsp;13252276 |
| Fundamental Large Cap Core | &nbsp;&nbsp;&nbsp;&nbsp;169344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12081236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2738182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2369255) | &nbsp;&nbsp;&nbsp;&nbsp;(132950) | &nbsp;&nbsp;&nbsp;&nbsp;(3255608) | &nbsp;&nbsp;&nbsp;&nbsp;54982 | &nbsp;&nbsp;&nbsp;&nbsp;521112 | &nbsp;&nbsp;&nbsp;&nbsp;9061605 |
| Global Equity | &nbsp;&nbsp;2018850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24149181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5344935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3674744) | &nbsp;&nbsp;&nbsp;&nbsp;(499723) | &nbsp;&nbsp;&nbsp;&nbsp;(4444745) | &nbsp;&nbsp;&nbsp;&nbsp;199319 | &nbsp;&nbsp;&nbsp;&nbsp;1238106 | &nbsp;&nbsp;&nbsp;&nbsp;20874904 |

---

54 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| Global Shareholder Yield | &nbsp;&nbsp;1187706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15727625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1755528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3694504) | &nbsp;&nbsp;&nbsp;&nbsp;$719267 | &nbsp;&nbsp;&nbsp;&nbsp;$(2464578) | &nbsp;&nbsp;&nbsp;&nbsp;$434128 | &nbsp;&nbsp;&nbsp;&nbsp;$681539 | &nbsp;&nbsp;&nbsp;&nbsp;$12043338 |
| High Yield | 40662961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152436986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10980659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22594642) | &nbsp;&nbsp;&nbsp;&nbsp;(2855898) | &nbsp;&nbsp;&nbsp;&nbsp;(21264407) | &nbsp;&nbsp;&nbsp;&nbsp;7724244 |  | &nbsp;&nbsp;&nbsp;&nbsp;116702698 |
| Infrastructure | &nbsp;&nbsp;2503247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42031474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3311381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9698027) | &nbsp;&nbsp;&nbsp;&nbsp;1597348 | &nbsp;&nbsp;&nbsp;&nbsp;(5125515) | &nbsp;&nbsp;&nbsp;&nbsp;678049 |  | &nbsp;&nbsp;&nbsp;&nbsp;32116661 |
| International Growth | &nbsp;&nbsp;&nbsp;&nbsp;717046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20963715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5026144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2201671) | &nbsp;&nbsp;&nbsp;&nbsp;(1107216) | &nbsp;&nbsp;&nbsp;&nbsp;(6590456) |  | &nbsp;&nbsp;&nbsp;&nbsp;1945942 | &nbsp;&nbsp;&nbsp;&nbsp;16090516 |
| International Strategic Equity Allocation | &nbsp;&nbsp;5179283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64972031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6295566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15181959) | &nbsp;&nbsp;&nbsp;&nbsp;(1045958) | &nbsp;&nbsp;&nbsp;&nbsp;(10394257) | &nbsp;&nbsp;&nbsp;&nbsp;1039363 |  | &nbsp;&nbsp;&nbsp;&nbsp;44645423 |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;121734 | &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; 2108984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (892091) | &nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;(60) | &nbsp;&nbsp;&nbsp;&nbsp;2361 |  | &nbsp;&nbsp;&nbsp;&nbsp;1216831 |
| Mid Cap Growth | &nbsp;&nbsp;1610283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27356390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13845341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10201830) | &nbsp;&nbsp;&nbsp;&nbsp;(5216417) | &nbsp;&nbsp;&nbsp;&nbsp;(5751564) |  | &nbsp;&nbsp;&nbsp;&nbsp;1381865 | &nbsp;&nbsp;&nbsp;&nbsp;20031920 |
| Mid Value | &nbsp;&nbsp;1550943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33435850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7357851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13122730) | &nbsp;&nbsp;&nbsp;&nbsp;(221025) | &nbsp;&nbsp;&nbsp;&nbsp;(4371916) | &nbsp;&nbsp;&nbsp;&nbsp;122774 | &nbsp;&nbsp;&nbsp;&nbsp;3681794 | &nbsp;&nbsp;&nbsp;&nbsp;23078030 |
| Multi-Asset High Income | &nbsp;&nbsp;4137595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48392694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2973250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7997055) | &nbsp;&nbsp;&nbsp;&nbsp;(533503) | &nbsp;&nbsp;&nbsp;&nbsp;(5721154) | &nbsp;&nbsp;&nbsp;&nbsp;2059353 | &nbsp;&nbsp;&nbsp;&nbsp;275338 | &nbsp;&nbsp;&nbsp;&nbsp;37114232 |
| Short Duration Bond | 15446753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120981735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57428402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28643110) | &nbsp;&nbsp;&nbsp;&nbsp;(1960737) | &nbsp;&nbsp;&nbsp;&nbsp;(5696162) | &nbsp;&nbsp;&nbsp;&nbsp;4144979 |  | &nbsp;&nbsp;&nbsp;&nbsp;142110128 |
| Small Cap Growth | &nbsp;&nbsp;1312837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22920111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6288907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3133961) | &nbsp;&nbsp;&nbsp;&nbsp;(2186546) | &nbsp;&nbsp;&nbsp;&nbsp;(6703475) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;17185036 |
| Small Cap Value | &nbsp;&nbsp;1104165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25371849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4794259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6324220) | &nbsp;&nbsp;&nbsp;&nbsp;(898909) | &nbsp;&nbsp;&nbsp;&nbsp;(4426126) | &nbsp;&nbsp;&nbsp;&nbsp;209263 | &nbsp;&nbsp;&nbsp;&nbsp;2914407 | &nbsp;&nbsp;&nbsp;&nbsp;18516853 |
| Strategic Income Opportunities | 18831439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241842487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8239805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36990283) | &nbsp;&nbsp;&nbsp;&nbsp;(1899329) | &nbsp;&nbsp;&nbsp;&nbsp;(29845924) | &nbsp;&nbsp;&nbsp;&nbsp;8239806 |  | &nbsp;&nbsp;&nbsp;&nbsp;181346756 |
| U.S. Sector Rotation | &nbsp;&nbsp;2664223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29664721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3730137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5893734) | &nbsp;&nbsp;&nbsp;&nbsp;(531270) | &nbsp;&nbsp;&nbsp;&nbsp;(5229797) | &nbsp;&nbsp;&nbsp;&nbsp;212790 | &nbsp;&nbsp;&nbsp;&nbsp;370963 | &nbsp;&nbsp;&nbsp;&nbsp;21740057 |
|  |  |  |  |  | **$(41048966)** | **$(309341932)** | **$65135906** | **$21525906** | **$1688944144** |

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ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 55

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#### Report of Independent Registered Public Accounting Firm

------

**To the Board of Trustees of John Hancock Funds II and Shareholders of Multimanager Lifestyle Aggressive Portfolio, Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Conservative Portfolio, Multimanager Lifestyle Growth Portfolio and Multimanager Lifestyle Moderate Portfolio**

#### Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the portfolios' investments, of Multimanager Lifestyle Aggressive Portfolio, Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Conservative Portfolio, Multimanager Lifestyle Growth Portfolio and Multimanager Lifestyle Moderate Portfolio (five of the funds constituting John Hancock Funds II, hereafter collectively referred to as the "Portfolios") as of December 31, 2022, the related statements of operations for the year ended December 31, 2022, the statements of changes in net assets for each of the two years in the period ended December 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended December 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Portfolios as of December 31, 2022, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended December 31, 2022 and each of the financial highlights for each of the five years in the period ended December 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinions
These financial statements are the responsibility of the Portfolios' management. Our responsibility is to express an opinion on the Portfolios' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolios in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2022 by correspondence with the custodian, transfer agents and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

February 10, 2023

We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.

56 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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Tax information

(Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the portfolios, if any, paid during its taxable year ended December 31, 2022.

Each portfolio reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

Each portfolio reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Each portfolio reports the maximum amount allowable as Section 163(j) Interest Dividends.

Each portfolio reports the maximum amount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

The portfolios below have the following amounts as foreign tax credits, which represent taxes paid on the income derived from foreign sources:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Foreign sourced income** | &nbsp;&nbsp;&nbsp;**Foreign tax credit** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;$16621517 | &nbsp;&nbsp;$2330162 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;37136761 | &nbsp;&nbsp;&nbsp;&nbsp;5064483 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;23651482 | &nbsp;&nbsp;&nbsp;&nbsp;3158210 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4632505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586169 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2347809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289046 |

---

The portfolios below paid the following amounts in capital gain dividends:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Long term capital gains** |
| Multimanager Lifestyle Aggressive Portfolio | &nbsp;&nbsp;$373412760 |
| Multimanager Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;894131683 |
| Multimanager Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;646432767 |
| Multimanager Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;123587095 |
| Multimanager Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48963566 |

---

Eligible shareholders will be mailed a 2022 Form 1099-DIV in early 2023. This will reflect the tax character of all distributions paid in calendar year 2022.

#### Please consult a tax advisor regarding the tax consequences of your investment in a portfolio.
ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 57

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#### SHAREHOLDER MEETING

------

(Unaudited)

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

#### Proposal 1: 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;4554825588.937 | &nbsp;&nbsp;&nbsp;&nbsp;109369198.953 |
| Noni L. Ellison | &nbsp;&nbsp;&nbsp;&nbsp;4545310789.674 | &nbsp;&nbsp;&nbsp;&nbsp;118883998.216 |
| Dean C. Garfield | &nbsp;&nbsp;&nbsp;&nbsp;4542518756.422 | &nbsp;&nbsp;&nbsp;&nbsp;121676031.468 |
| Patricia Lizarraga | &nbsp;&nbsp;&nbsp;&nbsp;4547597042.403 | &nbsp;&nbsp;&nbsp;&nbsp;116597745.487 |
| Frances G. Rathke | &nbsp;&nbsp;&nbsp;&nbsp;4553474902.143 | &nbsp;&nbsp;&nbsp;&nbsp;110719885.747 |

---

---

| | | |
|:---|:---|:---|
| **Non-Independent Trustees** |  |  |
| Andrew G. Arnott | &nbsp;&nbsp;&nbsp;&nbsp;4,548,263,383.010 | &nbsp;&nbsp;&nbsp;&nbsp;115,931,404.880 |
| Marianne Harrison | &nbsp;&nbsp;&nbsp;&nbsp;4,552,282,391.834 | &nbsp;&nbsp;&nbsp;&nbsp;111,912,396.056 |
| Paul Lorentz | &nbsp;&nbsp;&nbsp;&nbsp;4,546,227,532.263 | &nbsp;&nbsp;&nbsp;&nbsp;117,967,255.627 |

---

#### Proposal 2: To approve an amendment to the Declaration of Trust revising merger approval requirements.
THE PROPOSAL <u>PASSED</u> ON September 9, 2022.

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares<br> voted** | &nbsp;&nbsp;&nbsp;&nbsp;**% Of<br> shares voted** | &nbsp;&nbsp;&nbsp;&nbsp;**% Of<br> outstanding<br> shares** |
| **For** | &nbsp;&nbsp;&nbsp;&nbsp;4061202897.967 | &nbsp;&nbsp;&nbsp;&nbsp;87.072% | &nbsp;&nbsp;&nbsp;&nbsp;64.635% |
| **Against** | &nbsp;&nbsp;&nbsp;&nbsp;75620339.593 | &nbsp;&nbsp;&nbsp;&nbsp;1.622% | &nbsp;&nbsp;&nbsp;&nbsp;1.203% |
| **Abstain/Withheld** | &nbsp;&nbsp;&nbsp;&nbsp;92916059.460 | &nbsp;&nbsp;&nbsp;&nbsp;1.992% | &nbsp;&nbsp;&nbsp;&nbsp;1.478% |
| **Broker Non-Vote** | &nbsp;&nbsp;&nbsp;&nbsp;434455490.870 | &nbsp;&nbsp;&nbsp;&nbsp;9.314% | &nbsp;&nbsp;&nbsp;&nbsp;6.914% |

---

58 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Independent Trustees** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with Trust<br> Principal occupation(s) and other<br> directorships during past 5 years** | &nbsp;&nbsp;&nbsp;**Trustee<br> of the<br> Trust<br> since<sup>1</sup>** | &nbsp;&nbsp;&nbsp;**Number of John<br> Hancock funds<br> overseen by<br> Trustee** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hassell H. McClellan, Born: 1945** | &nbsp;&nbsp;&nbsp;**2005** | &nbsp;&nbsp;&nbsp;**186** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee and Chairperson of the Board* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**James R. Boyle, Born: 1959** | &nbsp;&nbsp;&nbsp;**2015** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**William H. Cunningham,<sup>2</sup> Born: 1944** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**184** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Noni L. Ellison,<sup>\*</sup> Born: 1971** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C.(2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children's Healthcare of Atlanta Foundation Board (2021–present). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C.(2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children's Healthcare of Atlanta Foundation Board (2021–present). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C.(2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children's Healthcare of Atlanta Foundation Board (2021–present). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Grace K. Fey, Born: 1946** | &nbsp;&nbsp;&nbsp;**2008** | &nbsp;&nbsp;&nbsp;**186** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director, Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Dean C. Garfield,<sup>\*</sup> Born: 1968** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Deborah C. Jackson, Born: 1952** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**185** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women's Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women's Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women's Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002–2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of Boston Stock Exchange (2002–2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007–2011). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Patricia Lizarraga,<sup>2,\*</sup> Born: 1966** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Founder, Chief Executive Officer, Hypatia Capital Group (advisory and asset management company) (since 2007); Independent Director, Audit Committee Chair, and Risk Committee Member, Credicorp, Ltd. (since 2017); Independent Director, Audit Committee Chair, Banco De Credito Del Peru (since 2017); Trustee, Museum of Art of Lima (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Founder, Chief Executive Officer, Hypatia Capital Group (advisory and asset management company) (since 2007); Independent Director, Audit Committee Chair, and Risk Committee Member, Credicorp, Ltd. (since 2017); Independent Director, Audit Committee Chair, Banco De Credito Del Peru (since 2017); Trustee, Museum of Art of Lima (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Founder, Chief Executive Officer, Hypatia Capital Group (advisory and asset management company) (since 2007); Independent Director, Audit Committee Chair, and Risk Committee Member, Credicorp, Ltd. (since 2017); Independent Director, Audit Committee Chair, Banco De Credito Del Peru (since 2017); Trustee, Museum of Art of Lima (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |

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ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 59

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Independent Trustees (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with Trust<br> Principal occupation(s) and other<br> directorships during past 5 years** | &nbsp;&nbsp;&nbsp;**Trustee<br> of the<br> Trust<br> since<sup>1</sup>** | &nbsp;&nbsp;&nbsp;**Number of John<br> Hancock funds<br> overseen by<br> Trustee** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Steven R. Pruchansky, Born: 1944** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee and Vice Chairperson of the Board* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (2014-2017); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992), Chairperson of the Board (2011–2012), and Vice Chairperson of the Board (since 2012) of various trusts within the John Hancock Fund Complex. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Frances G. Rathke,<sup>2</sup> Born: 1960** | &nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); Director, Audit Committee Chair and Compensation Committee Member, Green Mountain Power Corporation (since 2016); Director, Treasurer and Finance & Audit Committee Chair, Flynn Center for Performing Arts (since 2016); Director and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Gregory A. Russo, Born: 1949** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director and Audit Committee Chairman (2012-2020), and Member, Audit Committee and Finance Committee (2011-2020), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (2012-2018), and Finance Committee Chairman (2014-2018), The Moorings, Inc. (nonprofit continuing care community); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008). |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-Independent Trustees<sup>3</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with Trust<br> Principal occupation(s) and other<br> directorships during past 5 years** | &nbsp;&nbsp;&nbsp;**Trustee<br> of the<br> Trust<br> since<sup>1</sup>** | &nbsp;&nbsp;&nbsp;**Number of John<br> Hancock funds<br> overseen by<br> Trustee** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Andrew G. Arnott, Born: 1971** | &nbsp;&nbsp;&nbsp;**2017** | &nbsp;&nbsp;&nbsp;**184** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*President and Non-Independent Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2018); Director and Executive Vice President, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); President, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Marianne Harrison, Born: 1963** | &nbsp;&nbsp;&nbsp;**2018** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Non-Independent Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary's General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013-2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013 and since 2017). Trustee of various trusts within the John Hancock Fund Complex (since 2018). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary's General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013-2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013 and since 2017). Trustee of various trusts within the John Hancock Fund Complex (since 2018). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and CEO, John Hancock (since 2017); President and CEO, Manulife Canadian Division (2013–2017); Member, Board of Directors, Boston Medical Center (since 2021); Member, Board of Directors, CAE Inc. (since 2019); Member, Board of Directors, MA Competitive Partnership Board (since 2018); Member, Board of Directors, American Council of Life Insurers (ACLI) (since 2018); Member, Board of Directors, Communitech, an industry-led innovation center that fosters technology companies in Canada (2017-2019); Member, Board of Directors, Manulife Assurance Canada (2015-2017); Board Member, St. Mary's General Hospital Foundation (2014-2017); Member, Board of Directors, Manulife Bank of Canada (2013-2017); Member, Standing Committee of the Canadian Life & Health Assurance Association (2013-2017); Member, Board of Directors, John Hancock USA, John Hancock Life & Health, John Hancock New York (2012–2013 and since 2017). Trustee of various trusts within the John Hancock Fund Complex (since 2018). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Paul Lorentz,<sup>†</sup> Born: 1968** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**183** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Non-Independent Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |

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60 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Principal officers who are not Trustees** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with Trust<br> Principal occupation(s)<br> during past 5 years** | &nbsp;&nbsp;&nbsp;**Current<br> Position(s)<br> with the<br> Trust<br> since** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Charles A. Rizzo, Born: 1957** | &nbsp;&nbsp;&nbsp;**2007** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chief Financial Officer* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2008); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2007). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Salvatore Schiavone, Born: 1965** | &nbsp;&nbsp;&nbsp;**2009** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Treasurer* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Christopher (Kit) Sechler, Born: 1973** | &nbsp;&nbsp;&nbsp;**2018** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Secretary and Chief Legal Officer* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Trevor Swanberg, Born: 1979** | &nbsp;&nbsp;&nbsp;**2020** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chief Compliance Officer* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions). |

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The business address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;<sup>1</sup> | Each Trustee holds office until his or her successor is duly elected and qualified, or until the Trustee's death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table. |
| &nbsp;&nbsp;&nbsp;<sup>2</sup> | Member of the Audit Committee. |
| &nbsp;&nbsp;&nbsp;<sup>3</sup> | The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates. |
| &nbsp;&nbsp;&nbsp;<sup>\*</sup> | Elected to serve as Independent Trustee effective as of September 9, 2022. |
| &nbsp;&nbsp;&nbsp;<sup>†</sup> | Elected to serve as Non-Independent Trustee effective as of September 9, 2022. |

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ANNUAL REPORT \| JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS 61

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More information

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

James R. Boyle

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

Noni L. Ellison

<sup>^</sup>Grace K. Fey

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
Robert E. Sykes, CFA

Nathan W. Thooft, CFA

Geoffrey Kelley, CFA <sup>1</sup>

David Kobuszewski, CFA<sup>1</sup>

#### 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

#### Independent registered public accounting firm
PricewaterhouseCoopers LLP

<sup>†</sup> Non-Independent Trustee

\* Member of the Audit Committee

^ 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>1</sup> Effective January 1, 2023, Geoffrey Kelley and David Kobuszewski were added as portfolio managers of the fund.

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 800-225-5291.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;You can also contact us: |  |  |
| &nbsp;&nbsp;&nbsp;**800-225-5291** | **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 |

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62 JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS \| ANNUAL REPORT

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_TofC)

John Hancock family of funds

#### U.S. EQUITY FUNDS

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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

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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

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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

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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.

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#### EXCHANGE-TRADED FUNDS

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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

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ESG Core Bond

ESG International Equity

ESG Large Cap Core

#### ASSET ALLOCATION/TARGET DATE FUNDS

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Balanced

Multi-Asset High Income

Multi-Index Lifetime Portfolios

Multi-Index Preservation Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

#### CLOSED-END FUNDS

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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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[**Table of Contents**](#JOB_JHF_I_7eb5f515-1a29-4e8c-8383-df66ff960adb_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.

![](img189f1bbe25.jpg)

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC

200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, 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 Multimanager Lifestyle Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

![](imga6c8cefc26.jpg)

MF2674466 LSA 12/22

2/2023

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ITEM 2. CODE OF ETHICS.

As of the end of the period, December 31, 2022, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Frances G. Rathke is the audit committee financial expert, effective March 25, 2022, and is "independent", pursuant to general instructions on Form N-CSR Item 3.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a) AUDIT FEES:

These fees represent aggregate fees billed for the last two fiscal years (the "Reporting Periods") for professional services rendered by the principal accountant for the audits of the Registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filing or engagements for such Reporting Periods.

2022: $149,020

2021: $187,876

(b) AUDIT RELATED FEES:

These fees represent the aggregate fees billed for the Reporting Periods for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item. Such fees relate to professional services rendered by PwC for separate audit reports in connection with security counts pursuant to Rule 17f-2 under the Investment Company Act of 1940 and affiliated service provider internal controls reviews. In addition, amounts billed to control affiliates for service provider internal controls reviews were $121,890 and $119,500 for the fiscal years ended December 31, 2022 and 2021, respectively.

2022: $35,609

2021: $35,779

(c) TAX FEES:

These fees represent aggregate fees billed for the Reporting Periods for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning.

2022: $0

2021: $3,914

The nature of the services comprising the tax fees was the review of the Registrant's tax returns and tax distribution requirements.

(d) ALL OTHER FEES:

These fees represent other fees for John Hancock Funds II billed to the registrant or to control affiliates.

2022: $586

2021: $1,731

The nature of the services comprising all other fees is advisory services provided to the investment manager.

(e)(1) Audit Committee Pre-Approval Policies and Procedures:

The Trust's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Trust's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.

All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Amount approved by the Audit Committee pursuant paragraph (c) (7) (i) (C) of Rule 2-01 of Regulation S-X: None.

(f)According to the registrant's principal accountant, for the fiscal period ended December 31, 2022, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.

(g)The aggregate non-audit fees billed by PwC for services rendered to the registrant and rendered to the registrant's control affiliates for each of the last two fiscal years of the registrant were $1,142,428 for the fiscal year ended December 31, 2022 and $998,890 for the fiscal year ended December 31, 2021.

(h)The Registrant's audit committee of the Board of Trustees has considered the provision of non-audit services that were rendered to the Registrant's investment adviser and service affiliates that were not pre-approved pursuant to paragraph (c) (7ii) of Rule 2-01 of Regulation S-X, to be compatible with maintaining PwC's independence.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Frances G. Rathke – Chairperson, effective March 25, 2022

Peter S. Burgess - retired December 31, 2022

William H. Cunningham

Patricia Lizarraga, effective September 20, 2022

ITEM 6. SCHEDULE OF INVESTMENTS.

(a) Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS.

Not Applicable

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

There were no material changes to previously disclosed John Hancock Funds – Nominating and Governance Committee Charter. 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) Code of Ethics for Covered Officers is attached.](f12664d2.htm)

[(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.](f12664d3.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.](f12664d4.htm)

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

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 FUNDS II

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

Date: February 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.

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

Date: February 10, 2023

<u>/s/ Charles A. Rizzo</u> Charles A. Rizzo

Chief Financial Officer

Date: February 10, 2023

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

![](g77n3wvolggi6wlj5k3cc.jpg)

**JOHN HANCOCK VARIABLE INSURANCE TRUST**

**JOHN HANCOCK FUNDS**

**JOHN HANCOCK FUNDS II**

**JOHN HANCOCK EXCHANGE-TRADED FUND TRUST**

**<u><u>S</u>ARBANES<u>-O</u>XLEY <u>C</u>ODE OF <u>E</u>THICS</u>**

**<u>FOR</u>**

**<u><u>P</u>RINCIPAL <u>E</u>XECUTIVE<u>, P</u>RINCIPAL <u>F</u>INANCIAL <u>O</u>FFICER <u>& T</u>REASURER</u>**

**I.Covered Officers/Purpose of the Code**

This code of ethics (this "Code") for John Hancock Variable Insurance Trust, John Hancock Funds[<sup>1</sup>](#page_1), and John Hancock Funds II, John Hancock Exchange-Traded Fund Trust and, each a registered management investment company under the Investment Company Act of 1940, as amended ("1940 Act"), which may issue shares in separate and distinct series (each investment company and series thereunder to be hereinafter referred to as a "Fund"), applies to each Fund's Principal Executive Officer ("President"), Principal Financial Officer ("Chief Financial Officer") and Treasurer ("Treasurer") (the "Covered Officers" as set forth in <u>Exhibit A</u>) for the purpose of promoting:

****honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

****full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with, or submits to, the Securities and Exchange Commission ("SEC") and in other public communications made by the Fund;

****compliance with applicable laws and governmental rules and regulations;

****the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

****accountability for adherence to the Code.

1John Hancock Funds includes the following trusts: John Hancock Financial Opportunities Fund; John Hancock Bond Trust; John Hancock California Tax-Free Income Fund; John Hancock Capital Series; John Hancock Funds III; John

Hancock Income Securities Trust; John Hancock Investment Trust; John Hancock Investment Trust II; John Hancock Investors Trust; John Hancock Municipal Securities Trust; John Hancock Premium Dividend Fund ; John Hancock Preferred Income Fund; John Hancock Preferred Income Fund II; John Hancock Preferred Income Fund III; John Hancock Sovereign Bond Fund; John Hancock Strategic Series; John Hancock Tax-Advantaged Dividend Income Fund; John Hancock Tax-Advantaged Global Shareholder Yield Fund; John Hancock Hedged Equity and Income Fund; and John Hancock Collateral Trust.

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Each of the Covered Officers should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

**II.Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest Overview**

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his service to, the Fund. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position with the Fund. Certain conflicts of interest arise out of the relationships between the Covered Officers and the Fund and already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended (the "Investment Company Act") and the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act"). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as "affiliated persons" of the Fund. Each of the Covered Officers is an officer or employee of the investment adviser or a service provider ("Service Provider") to the Fund. The Fund's, the investment adviser's and the Service Provider's compliance programs and procedures are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fund and the investment adviser and the Service Provider of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fund, for the investment adviser or for the Service Provider), be involved in establishing policies and implementing decisions which will have different effects on the investment adviser, the Service Provider and the Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fund and the investment adviser and the Service Provider and is consistent with the performance by the Covered Officers of their duties as officers of the Fund. Thus, if such participation is performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, it will be deemed to have been handled ethically. In addition, it is recognized by the Fund's Board of Trustees/Directors (the "Board") that the Covered Officers may also be officers or employees of one or more other investment companies covered by other Codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but the Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Fund.

\*\*\*

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Each Covered Officer must:

****not use his/her personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Fund whereby the Covered Officer would benefit personally to the detriment of the Fund;

****not cause the Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than for the benefit of the Fund; and

****not use material non-public knowledge of portfolio transactions made or contemplated for the Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions.

Additionally, conflicts of interest may arise in other situations, the propriety of which may be discussed, if material, with the Fund's Chief Compliance Officer ("CCO"). Examples of these include:

****serve as a director/trustee on the board of any public or private company;

****the receipt of any non-nominal gifts;

****the receipt of any entertainment from any company with which the Fund has current or prospective business dealings unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety (or other formulation as the Fund already uses in another code of conduct);

****any ownership interest in, or any consulting or employment relationship with, any of the Fund's service providers, other than its investment adviser, any sub-adviser, principal underwriter, administrator or any affiliated person thereof; and

****a direct or indirect financial interest in commissions, transaction charges or spreads paid by the Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

**III.Disclosure & Compliance**

****Each Covered Officer should familiarize himself or herself with the disclosure requirements generally applicable to the Fund;

****Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including to the Fund's directors and auditors, and to governmental regulators and self- regulatory organizations;

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****Each Covered Officer should, to the extent appropriate within his/her area of responsibility, consult with other officers and employees of the Fund and the Fund's adviser or any sub-adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submits to, the SEC and in other public communications made by the Fund; and

****It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

IV. Reporting & Accountability

Each Covered Officer must:

****upon adoption of the Code (or thereafter as applicable, upon becoming an Covered Officer), affirm in writing to the Fund's CCO that he/she has received, read, and understands the Code;

****annually thereafter affirm to the Fund's CCO that he/she has complied with the requirements of the Code;

****not retaliate against any employee or Covered Officer or their affiliated persons for reports of potential violations that are made in good faith;

****notify the Fund's CCO promptly if he/she knows of any violation of this Code (Note: failure to do so is itself a violation of this Code); and

****report at least annually any change in his/her affiliations from the prior year.

The Fund's CCO is responsible for applying this Code to specific situations in which questions are presented under it and has the authority to interpret this Code in any particular situation. However, any approvals or waivers sought by the Principal Executive Officer will be considered by the Fund's Board or the Compliance Committee thereof (the "Committee").

The Fund will follow these procedures in investigating and enforcing this Code:

****the Fund's CCO will take all appropriate action to investigate any potential violations reported to him/her;

****if, after such investigation, the CCO believes that no violation has occurred, the CCO is not required to take any further action;

****any matter that the CCO believes is a violation will be reported to the Board or, if applicable, Compliance Committee;

****if the Board or, if applicable, Compliance Committee concurs that a violation has occurred, the Board, either upon its determination of a violation or upon

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recommendation of the Compliance Committee, if applicable, will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the Service Provider or the investment adviser or its board; or a recommendation to dismiss the Registrant's Executive Officer;

****the Board, or if applicable the Compliance Committee, will be responsible for granting waivers, as appropriate; and

****any changes to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules.

**V.Other Policies & Procedures**

This Code shall be the sole code of ethics adopted by the Fund for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Fund, the Fund's adviser, any sub- adviser, principal underwriter or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code. The Fund's and its investment adviser's codes of ethics under Rule 204A-1 under the Investment Advisers Act and Rule 17j-1 under the Investment Company Act, respectively, are separate requirements applying to the Covered Officers and others and are not part of this Code.

VI. Amendments

Any amendments to this Code, other than amendments to Exhibit A, must be approved or ratified by a majority vote of the Fund's Board, including a majority of independent directors.

VII. Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fund's Board and its counsel, the investment adviser and the relevant Service Providers.

VIII. Internal Use

The Code is intended solely for the internal use by the Fund and does not constitute an admission, by or on behalf of the Fund, as to any fact, circumstance, or legal conclusion.

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**<u>Exhibit A</u>**

**Persons Covered by this Code of Ethics**

**(As of December 31, 2022)**

**John Hancock Variable Insurance Trust**

****Principal Executive Officer and President – Andrew Arnott

****Principal Financial Officer and Chief Financial Officer – Charles Rizzo

****Treasurer – Salvatore Schiavone

**John Hancock Funds**

****Principal Executive Officer and President – Andrew Arnott

****Principal Financial Officer and Chief Financial Officer – Charles Rizzo

****Treasurer – Salvatore Schiavone

**John Hancock Funds II**

****Principal Executive Officer and President – Andrew Arnott

****Principal Financial Officer and Chief Financial Officer – Charles Rizzo

****Treasurer – Salvatore Schiavone

**John Hancock Exchange-Traded Trust**

****Principal Executive Officer and President – Andrew Arnott

****Principal Financial Officer and Chief Financial Officer – Charles Rizzo

****Treasurer – Salvatore Schiavone

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

I, Andrew Arnott, certify that:

1. I have reviewed this report on Form N-CSR of John Hancock Funds II;

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 conditions, 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:

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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: February 10, 2023

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

Andrew Arnott

President

------

I, Charles A. Rizzo, certify that:

1. I have reviewed this report on Form N-CSR of John Hancock Funds II;

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 conditions, 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:

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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: February 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 Funds II (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: February 10, 2023

<u>/s/ Charles A. Rizzo</u> Charles A. Rizzo

Chief Financial Officer

Dated: February 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)

![](goqhdq3k4x7xjyoet1luf.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.