# EDGAR Filing Document

**Accession Number:** 0001496749
**File Stem:** 0001193125-26-074015
**Filing Date:** 2026-2
**Character Count:** 358433
**Document Hash:** 1f3bf7b190c7598cc1c770798096aace
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-074015.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-074015

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**EFFECTIVENESS DATE**: 20260226

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock Diversified Income Fund
- **CENTRAL INDEX KEY:** 0001496749

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

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22441
- **FILM NUMBER:** 26682367

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 800-344-1029

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** John Hancock Hedged Equity & Income Fund
- **DATE OF NAME CHANGE:** 20100715

![](gijhtkqzxhh9h8br0r8d3.jpg)

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSR**

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

**Investment Company Act file number 811-22441**

**John Hancock Diversified Income Fund (formerly John Hancock Hedged Equity & Income Fund)**

(Exact name of registrant as specified in charter)

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

SALVATORE SCHIAVONE

TREASURER

200 BERKELEY STREET

<u>BOSTON, MA 02116</u>

(Name and address of agent for service)

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

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

**Date of reporting period: December 31, 2025**

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ITEM 1. REPORT TO STOCKHOLDERS.

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![](img239732e01.gif)

![](imgb7700eae2.gif)

Annual report

## John Hancock

## Diversified Income Fund (Formerly John Hancock Hedged Equity & Income Fund)
Closed-end international equity

Ticker: HEQ

December 31, 2025

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#### Managed distribution plan

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The fund has adopted a managed distribution plan (Plan). Under the Plan, the fund currently makes quarterly distributions of an amount equal to $0.2500 per share, which will be paid quarterly until further notice. The fund may make additional distributions: (i) for purposes of not incurring federal income tax at the fund level of investment company taxable income and net capital gain, if any, not included in such regular distributions; and (ii) for purposes of not incurring federal excise tax on ordinary income and capital gain net income, if any, not included in such regular distributions.

The Plan provides that the Board of Trustees of the fund may amend the terms of the Plan or terminate the Plan at any time without prior notice to the fund's shareholders. The Plan is subject to periodic review by the fund's Board of Trustees.

You should not draw any conclusions about the fund's investment performance from the amount of the fund's distributions or from the terms of the fund's Plan. The fund's total return at net asset value (NAV) is presented in the "Financial highlights" section.

With each distribution that does not consist solely of net income, the fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income-tax purposes. The fund may, at times, distribute more than its net investment income and net realized capital gains; therefore, a portion of your distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income".

------

John Hancock

Diversified Income Fund

Table of contents

---

| | |
|:---|:---|
| &nbsp;&nbsp;**2** | &nbsp;&nbsp;[Your fund at a glance](#xx_05e356dd-a002-46a9-814b-4ac5dfc4fdd7_1) |
| &nbsp;&nbsp;**4** | &nbsp;&nbsp;[Management's discussion of fund performance](#xx_994992d4-0da1-4383-abcc-c85a4de53176_1) |
| &nbsp;&nbsp;**6** | &nbsp;&nbsp;[A look at performance](#xx_1de5c343-8e76-4b49-8f86-3a70de7689f1_1) |
| &nbsp;&nbsp;**8** | &nbsp;&nbsp;[Fund's investments](#xx_20cfbd90-4a2c-47bb-97da-697d4d3db1de_1) |
| **34** | &nbsp;&nbsp;[Financial statements](#xx_25f2c467-b22d-4219-897a-1ef274944e88_1) |
| **37** | &nbsp;&nbsp;[Financial highlights](#xx_b7b33046-82f9-47ad-b244-7e60b4325db5_1) |
| **38** | &nbsp;&nbsp;[Notes to financial statements](#xx_9f275971-ac20-49a9-b98a-7fc0c1503a2d_1) |
| **50** | &nbsp;&nbsp;[Report of independent registered public accounting firm](#xx_fe051064-1f81-4b88-88fd-ebd30a37ec9d_1) |
| **51** | &nbsp;&nbsp;[Tax information](#xx_d7a58923-f959-44df-ae6e-b51766541913_1) |
| **52** | &nbsp;&nbsp;[Investment objective, principal investment strategies, and principal risks](#xx_877e4e42-3e9b-4976-b63a-f7a7ab58a422_1) |
| **55** | &nbsp;&nbsp;[Additional information](#xx_6db8b97f-055d-4906-a0ba-d6778fbde76e_1) |
| **57** | &nbsp;&nbsp;[Trustees and Officers](#xx_67c184e5-60a2-49d9-adbd-89346ec818c1_1) |
| **61** | &nbsp;&nbsp;[More information](#xx_153df899-41b1-4acc-a893-300efeb4da15_1) |

---

ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 1

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

Your fund at a glance

#### INVESTMENT OBJECTIVE

------

The fund seeks to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation.

#### AVERAGE ANNUAL TOTAL RETURNS AS OF 12/31/2025 (%)

------

![](imga69b1f933.gif)

The MSCI All Country World Index (ACWI) tracks the performance of publicly traded large- and mid-cap stocks of companies in both developed and emerging markets.

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

#### The performance data contained within this material represents past performance, which does not guarantee future results.
Investment returns and principal value will fluctuate and a shareholder may sustain losses. Further, the fund's performance at net asset value (NAV) is different from the fund's performance at closing market price because the closing market price is subject to the dynamics of secondary market trading. Market risk may increase when shares are purchased at a premium to NAV or sold at a discount to NAV. Current month-end performance may be higher or lower than the performance cited. The fund's most recent performance can be found at jhinvestments.com or by calling 800-852-0218.

2 JOHN HANCOCK DIVERSIFIED INCOME FUND \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

#### PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

------

#### Equities rose due to easing economic and geopolitical conditions
Global equities generated solid gains as central banks reduced interest rates, supporting strong corporate earnings and ongoing artificial intelligence investment.

#### The fund's equity allocation contributed to absolute results
The fund had a positive absolute return, supported by its financials, information technology and industrial exposures.

#### The fund's fixed income exposure also aided performance
The fund's fixed income allocation contributed to absolute results as well, led by U.S. mortgage-backed securities (MBS), high yield and non-U.S. bonds.

#### SECTOR COMPOSITION AS OF 12/31/2025 (% of net assets)

------

![](img9b0ae7704.gif)

ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 3

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

Management's discussion of fund performance

#### What factors affected global equity markets over the past 12 months?
Global equities delivered a solid year of gains despite navigating meaningful macro and geopolitical volatility. Markets declined early in the year as shifting U.S. foreign policy and rising tariff uncertainty weighed on sentiment, prompting a rotation toward international equities—particularly Europe, where a supportive fiscal policy helped drive relative strength. Risk appetite improved meaningfully from the second quarter onward as inflation eased, and global central banks began to diverge in response to mixed economic signals. The U.S. Federal Reserve (Fed) maintained caution early in the year before pivoting to rate cuts later, while the European Central Bank continued its easing cycle. Stabilizing geopolitical conditions—including progress in U.S—China trade talks and easing Middle East tensions—supported a broad recovery across risk assets.

By the second half of the year, strong corporate earnings, ongoing investment in artificial intelligence—related infrastructure, and a weaker U.S. dollar helped sustain equity gains. The year closed on a constructive note as the Fed cut interest rates, and steady global demand along with additional easing from select central banks helped extend the rally. While pockets of volatility persisted, especially around policy transitions and global elections, markets ultimately benefited from continued momentum in transformative technologies, supportive policy shifts and sustained economic resilience.

---

| | |
|:---|:---|
| **TOP 10 HOLDINGS<br> AS OF 12/31/2025 (% of net assets)** | **TOP 10 HOLDINGS<br> AS OF 12/31/2025 (% of net assets)** |
| JPMorgan Chase & Co. | &nbsp;&nbsp;1.2 |
| AbbVie, Inc. | &nbsp;&nbsp;1.0 |
| Exxon Mobil Corp. | &nbsp;&nbsp;0.8 |
| Chevron Corp. | &nbsp;&nbsp;0.8 |
| Cisco Systems, Inc. | &nbsp;&nbsp;0.8 |
| IBM Corp. | &nbsp;&nbsp;0.7 |
| Philip Morris International, Inc. | &nbsp;&nbsp;0.7 |
| CVS Health Corp. | &nbsp;&nbsp;0.7 |
| Johnson & Johnson | &nbsp;&nbsp;0.7 |
| Allianz SE | &nbsp;&nbsp;0.6 |
| **TOTAL** | &nbsp;&nbsp;**8.0** |
| Cash and short-term investments are not included. | Cash and short-term investments are not included. |

---

---

| | |
|:---|:---|
| **COUNTRY COMPOSITION<br> AS OF 12/31/2025 (% of net assets)** | **COUNTRY COMPOSITION<br> AS OF 12/31/2025 (% of net assets)** |
| United States | &nbsp;&nbsp;&nbsp;&nbsp;56.7 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 |
| South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Cayman Islands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;14.9 |
| **TOTAL** | &nbsp;&nbsp;**100.0** |

---

4 JOHN HANCOCK DIVERSIFIED INCOME FUND \| ANNUAL REPORT

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

#### How did the fund perform?
The fund's equity allocation benefited absolute performance, due to positioning in the financials, information technology, and industrials sectors. The fund's fixed income allocation also contributed to absolute performance, led by its U.S. mortgage-backed securities (MBS), high yield and non-U.S. exposures.

The fund's exposure to derivatives detracted from absolute performance.

#### Which holdings had the most significant positive and negative impacts?
The top individual contributors within the fund's equity allocation were data storage provider Seagate Technology Holdings PLC in the information technology sector, diversified bank JPMorgan Chase & Co. in the financials sector and tobacco maker Philip Morris International, Inc. in the consumer staples sector.

The top individual detractors were chemicals makers Dow, Inc. and LyondellBasell Industries NV in the materials sector as well as Alexandria Real Estate Equities, Inc. in the real estate sector.

The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP 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 fund for the entire period. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 5

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

A look at performance

#### TOTAL RETURNS FOR THE PERIOD ENDED DECEMBER 31, 2025

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &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 (%)** | **Cumulative total returns (%)** | **Cumulative total returns (%)** |
|  | **1-Year** | &nbsp;&nbsp;**5-Year** | &nbsp;&nbsp;**10-Year** | &nbsp;&nbsp;**5-year** | &nbsp;&nbsp;**10-Year** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At Net asset value | 15.03 | &nbsp;&nbsp;&nbsp;&nbsp;8.95 | &nbsp;&nbsp;&nbsp;&nbsp;6.91 | &nbsp;&nbsp;&nbsp;53.51 | &nbsp;&nbsp;&nbsp;&nbsp;95.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At Market price | 15.56 | &nbsp;&nbsp;&nbsp;&nbsp;8.57 | &nbsp;&nbsp;&nbsp;&nbsp;7.14 | &nbsp;&nbsp;&nbsp;50.88 | &nbsp;&nbsp;&nbsp;&nbsp;99.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI ACWI | 22.34 | &nbsp;&nbsp;&nbsp;11.19 | &nbsp;&nbsp;&nbsp;11.72 | &nbsp;&nbsp;&nbsp;69.97 | &nbsp;&nbsp;&nbsp;203.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blended Index | 17.49 | &nbsp;&nbsp;&nbsp;&nbsp;7.94 | &nbsp;&nbsp;&nbsp;&nbsp;7.98 | &nbsp;&nbsp;&nbsp;46.50 | &nbsp;&nbsp;&nbsp;115.43 |

---

*Performance figures assume all distributions have been reinvested.*

*The returns reflect past results and should not be considered indicative of future performance. Investment returns and principal value will fluctuate and a shareholder may sustain losses. Further, the fund's performance at net asset value (NAV) is different from the fund's performance at closing market price because the closing market price is subject to the dynamics of secondary market trading. Market risk may be augmented when shares are purchased at a premium to NAV or when shares need to be sold at a discount to NAV. Current month-end performance may be higher or lower than the performance cited. The fund's most recent performance can be found at jhinvestments.com or by calling 800-852-0218.*

*The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the sale of fund shares. The fund's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.*

6 JOHN HANCOCK DIVERSIFIED INCOME FUND \| ANNUAL REPORT

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

This chart shows what happened to a hypothetical $10,000 investment in John Hancock Diversified Income Fund for the periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in the MSCI ACWI and a blended index.

![](img53a2c0b25.gif)

The MSCI All Country World Index (ACWI) tracks the performance of publicly traded large- and mid-cap stocks of companies in both developed and emerging markets.

The Blended Benchmark comprises 60% MSCI All Country World Index (ACWI) Value Index which tracks large- and mid-cap securities exhibiting overall value style characteristics across both developed and emerging markets and 40% Intercontinental Exchange (ICE) Bank of America (BofA) Global High Yield Constrained Index which tracks the overall performance of sub-investment-grade corporate debt securities from both developed and emerging stock markets worldwide.

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

The returns reflect past results and should not be considered indicative of future performance.

ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 7

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

Fund's investments

#### AS OF 12-31-25

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Common stocks 57.2%** |  | &nbsp;&nbsp;**$84132430** |
| (Cost $81,711,764) |  |  |
| **Communication services 2.2%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3274568** |
| **Diversified telecommunication services 0.8%** |  |  |
| AT&T, Inc. | &nbsp;&nbsp;5768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143277 |
| Telenor ASA | &nbsp;&nbsp;8128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118217 |
| Verizon Communications, Inc. | &nbsp;&nbsp;22712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925060 |
| **Media 0.7%** |  |  |
| Altice France Lux 3 (A) | &nbsp;&nbsp;1034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18210 |
| Comcast Corp., Class A | &nbsp;&nbsp;15965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477194 |
| Omnicom Group, Inc. | &nbsp;&nbsp;7454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601911 |
| **Wireless telecommunication services 0.7%** |  |  |
| Rogers Communications, Inc., Class B | &nbsp;&nbsp;17110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645856 |
| Vodacom Group, Ltd. | &nbsp;&nbsp;40326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344843 |
| **Consumer discretionary 2.9%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4312355** |
| **Automobile components 0.4%** |  |  |
| Bridgestone Corp. | &nbsp;&nbsp;29188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656709 |
| **Automobiles 0.6%** |  |  |
| Honda Motor Company, Ltd. | &nbsp;&nbsp;28706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281740 |
| Mercedes-Benz Group AG | &nbsp;&nbsp;887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61489 |
| Toyota Motor Corp. | &nbsp;&nbsp;27364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587699 |
| **Broadline retail 0.6%** |  |  |
| Alibaba Group Holding, Ltd. | &nbsp;&nbsp;3238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59453 |
| Canadian Tire Corp., Ltd., Class A | &nbsp;&nbsp;5139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651253 |
| JD.com, Inc., Class A | &nbsp;&nbsp;8166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117421 |
| **Distributors 0.2%** |  |  |
| Genuine Parts Company | &nbsp;&nbsp;2421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297686 |
| **Hotels, restaurants and leisure 0.3%** |  |  |
| McDonald's Corp. | &nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88021 |
| OPAP SA | &nbsp;&nbsp;11416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255741 |
| Starbucks Corp. | &nbsp;&nbsp;763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64252 |
| **Household durables 0.4%** |  |  |
| Garmin, Ltd. | &nbsp;&nbsp;539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109336 |
| Sekisui House, Ltd. | &nbsp;&nbsp;23882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532885 |
| **Leisure products 0.1%** |  |  |
| Sankyo Company, Ltd. | &nbsp;&nbsp;6152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99852 |
| **Specialty retail 0.3%** |  |  |
| Best Buy Company, Inc. | &nbsp;&nbsp;1048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70143 |
| Industria de Diseno Textil SA | &nbsp;&nbsp;1395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92021 |
| Pop Mart International Group, Ltd. (B) | &nbsp;&nbsp;2568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61957 |

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

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Consumer discretionary (continued)** |  |  |
| **Specialty retail (continued)** |  |  |
| The Home Depot, Inc. | &nbsp;&nbsp;653 | &nbsp;&nbsp;&nbsp;&nbsp;$224697 |
| **Consumer staples 4.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**5819982** |
| **Beverages 0.6%** |  |  |
| PepsiCo, Inc. | &nbsp;&nbsp;2966 | &nbsp;&nbsp;&nbsp;&nbsp;425680 |
| The Coca-Cola Company | &nbsp;&nbsp;6875 | &nbsp;&nbsp;&nbsp;&nbsp;480631 |
| **Consumer staples distribution and retail 0.1%** |  |  |
| Target Corp. | &nbsp;&nbsp;671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65590 |
| **Food products 1.1%** |  |  |
| General Mills, Inc. | &nbsp;&nbsp;6662 | &nbsp;&nbsp;&nbsp;&nbsp;309783 |
| JDE Peet's NV | &nbsp;&nbsp;17406 | &nbsp;&nbsp;&nbsp;&nbsp;650947 |
| Nestle SA | &nbsp;&nbsp;1294 | &nbsp;&nbsp;&nbsp;&nbsp;128441 |
| The J.M. Smucker Company | &nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61816 |
| The Kraft Heinz Company | &nbsp;&nbsp;20029 | &nbsp;&nbsp;&nbsp;&nbsp;485703 |
| **Household products 0.5%** |  |  |
| Kimberly-Clark Corp. | &nbsp;&nbsp;1390 | &nbsp;&nbsp;&nbsp;&nbsp;140237 |
| The Procter & Gamble Company | &nbsp;&nbsp;3748 | &nbsp;&nbsp;&nbsp;&nbsp;537126 |
| **Tobacco 1.7%** |  |  |
| Altria Group, Inc. | &nbsp;&nbsp;13603 | &nbsp;&nbsp;&nbsp;&nbsp;784349 |
| British American Tobacco PLC | &nbsp;&nbsp;2214 | &nbsp;&nbsp;&nbsp;&nbsp;125513 |
| Japan Tobacco, Inc. | &nbsp;&nbsp;17680 | &nbsp;&nbsp;&nbsp;&nbsp;635460 |
| Philip Morris International, Inc. | &nbsp;&nbsp;6164 | &nbsp;&nbsp;&nbsp;&nbsp;988706 |
| **Energy 4.2%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**6169817** |
| **Energy equipment and services 0.2%** |  |  |
| Baker Hughes Company | &nbsp;&nbsp;6839 | &nbsp;&nbsp;&nbsp;&nbsp;311448 |
| **Oil, gas and consumable fuels 4.0%** |  |  |
| Cenovus Energy, Inc. | &nbsp;&nbsp;36759 | &nbsp;&nbsp;&nbsp;&nbsp;621867 |
| Chevron Corp. | &nbsp;&nbsp;7329 | &nbsp;&nbsp;&nbsp;1117013 |
| Eni SpA | &nbsp;&nbsp;4455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84450 |
| Exxon Mobil Corp. | &nbsp;&nbsp;10077 | &nbsp;&nbsp;&nbsp;1212666 |
| Inpex Corp. | &nbsp;&nbsp;32570 | &nbsp;&nbsp;&nbsp;&nbsp;651417 |
| ONEOK, Inc. | &nbsp;&nbsp;9419 | &nbsp;&nbsp;&nbsp;&nbsp;692297 |
| ORLEN SA | &nbsp;&nbsp;6636 | &nbsp;&nbsp;&nbsp;&nbsp;177160 |
| Phillips 66 | &nbsp;&nbsp;1308 | &nbsp;&nbsp;&nbsp;&nbsp;168784 |
| The Williams Companies, Inc. | &nbsp;&nbsp;12270 | &nbsp;&nbsp;&nbsp;&nbsp;737550 |
| TotalEnergies SE | &nbsp;&nbsp;6061 | &nbsp;&nbsp;&nbsp;&nbsp;395165 |
| **Financials 13.4%** |  | &nbsp;&nbsp;**19751187** |
| **Banks 6.0%** |  |  |
| Agricultural Bank of China, Ltd., H Shares | &nbsp;&nbsp;852087 | &nbsp;&nbsp;&nbsp;&nbsp;633888 |
| ANZ Group Holdings, Ltd. | &nbsp;&nbsp;3366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81382 |
| Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;6732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71677 |

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** |  |  |
| **Banks (continued)** |  |  |
| Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;25271 | $592787 |
| Bank Polska Kasa Opieki SA | &nbsp;&nbsp;3616 | &nbsp;&nbsp;&nbsp;205105 |
| BPER Banca SpA | &nbsp;&nbsp;28063 | &nbsp;&nbsp;&nbsp;379201 |
| CaixaBank SA | &nbsp;&nbsp;22022 | &nbsp;&nbsp;&nbsp;269244 |
| Canadian Imperial Bank of Commerce | &nbsp;&nbsp;7584 | &nbsp;&nbsp;&nbsp;687536 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;10781 | &nbsp;&nbsp;&nbsp;629718 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;5244 | 1689719 |
| Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;3982 | &nbsp;&nbsp;&nbsp;&nbsp;63199 |
| Mizuho Financial Group, Inc. | &nbsp;&nbsp;5606 | &nbsp;&nbsp;&nbsp;204588 |
| Postal Savings Bank of China Company, Ltd., Class A | &nbsp;&nbsp;815600 | &nbsp;&nbsp;&nbsp;636299 |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp;18107 | &nbsp;&nbsp;&nbsp;427361 |
| Sberbank of Russia PJSC, ADR (A)(C) | &nbsp;&nbsp;3353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Standard Bank Group, Ltd. | &nbsp;&nbsp;7320 | &nbsp;&nbsp;&nbsp;128396 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;2022 | &nbsp;&nbsp;&nbsp;&nbsp;65030 |
| The Bank of Nova Scotia | &nbsp;&nbsp;9442 | &nbsp;&nbsp;&nbsp;696378 |
| The Toronto-Dominion Bank | &nbsp;&nbsp;7010 | &nbsp;&nbsp;&nbsp;660678 |
| U.S. Bancorp | &nbsp;&nbsp;5146 | &nbsp;&nbsp;&nbsp;274591 |
| UniCredit SpA | &nbsp;&nbsp;3410 | &nbsp;&nbsp;&nbsp;282439 |
| VTB Bank PJSC, GDR (A)(C) | &nbsp;&nbsp;55420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Wells Fargo & Company | &nbsp;&nbsp;893 | &nbsp;&nbsp;&nbsp;&nbsp;83228 |
| **Capital markets 2.3%** |  |  |
| Ares Management Corp., Class A | &nbsp;&nbsp;2138 | &nbsp;&nbsp;&nbsp;345565 |
| BlackRock, Inc. | &nbsp;&nbsp;444 | &nbsp;&nbsp;&nbsp;475231 |
| China Galaxy Securities Company, Ltd., H Shares | &nbsp;&nbsp;47253 | &nbsp;&nbsp;&nbsp;&nbsp;61108 |
| CME Group, Inc. | &nbsp;&nbsp;966 | &nbsp;&nbsp;&nbsp;263795 |
| Franklin Resources, Inc. | &nbsp;&nbsp;24788 | &nbsp;&nbsp;&nbsp;592185 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;1450 | &nbsp;&nbsp;&nbsp;&nbsp;93250 |
| Partners Group Holding AG | &nbsp;&nbsp;339 | &nbsp;&nbsp;&nbsp;415946 |
| Schroders PLC | &nbsp;&nbsp;47679 | &nbsp;&nbsp;&nbsp;260635 |
| State Street Corp. | &nbsp;&nbsp;617 | &nbsp;&nbsp;&nbsp;&nbsp;79599 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;6321 | &nbsp;&nbsp;&nbsp;647144 |
| The Blackstone Group, Inc. | &nbsp;&nbsp;801 | &nbsp;&nbsp;&nbsp;123466 |
| **Financial services 0.2%** |  |  |
| FirstRand, Ltd. | &nbsp;&nbsp;62275 | &nbsp;&nbsp;&nbsp;341266 |
| **Insurance 4.7%** |  |  |
| Admiral Group PLC | &nbsp;&nbsp;4219 | &nbsp;&nbsp;&nbsp;180480 |
| Allianz SE | &nbsp;&nbsp;2050 | &nbsp;&nbsp;&nbsp;947873 |
| Aviva PLC | &nbsp;&nbsp;13981 | &nbsp;&nbsp;&nbsp;128554 |
| AXA SA | &nbsp;&nbsp;15802 | &nbsp;&nbsp;&nbsp;758196 |
| Fairfax Financial Holdings, Ltd. | &nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;667051 |
| Gjensidige Forsikring ASA | &nbsp;&nbsp;6621 | &nbsp;&nbsp;&nbsp;197891 |
| Legal & General Group PLC | &nbsp;&nbsp;58384 | &nbsp;&nbsp;&nbsp;205488 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** |  |  |
| **Insurance (continued)** |  |  |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;10796 | &nbsp;&nbsp;$253458 |
| Muenchener Rueckversicherungs-Gesellschaft AG | &nbsp;&nbsp;599 | &nbsp;&nbsp;&nbsp;&nbsp;394194 |
| New China Life Insurance Company, Ltd., H Shares | &nbsp;&nbsp;12804 | &nbsp;&nbsp;&nbsp;&nbsp;89715 |
| Phoenix Group Holdings PLC | &nbsp;&nbsp;30413 | &nbsp;&nbsp;&nbsp;&nbsp;301084 |
| Prudential Financial, Inc. | &nbsp;&nbsp;4820 | &nbsp;&nbsp;&nbsp;&nbsp;544082 |
| Samsung Life Insurance Company, Ltd. | &nbsp;&nbsp;6270 | &nbsp;&nbsp;&nbsp;&nbsp;685405 |
| Sanlam, Ltd. | &nbsp;&nbsp;40215 | &nbsp;&nbsp;&nbsp;&nbsp;238972 |
| Suncorp Group, Ltd. | &nbsp;&nbsp;6248 | &nbsp;&nbsp;&nbsp;&nbsp;73346 |
| Swiss Re AG | &nbsp;&nbsp;1255 | &nbsp;&nbsp;&nbsp;&nbsp;209070 |
| Talanx AG | &nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;64825 |
| Tokio Marine Holdings, Inc. | &nbsp;&nbsp;14032 | &nbsp;&nbsp;&nbsp;&nbsp;518708 |
| Zurich Insurance Group AG | &nbsp;&nbsp;602 | &nbsp;&nbsp;&nbsp;&nbsp;455535 |
| **Mortgage real estate investment trusts 0.2%** |  |  |
| Annaly Capital Management, Inc. | &nbsp;&nbsp;16799 | &nbsp;&nbsp;&nbsp;&nbsp;375626 |
| **Health care 6.0%** |  | &nbsp;&nbsp;**8809891** |
| **Biotechnology 1.3%** |  |  |
| AbbVie, Inc. | &nbsp;&nbsp;6262 | 1430804 |
| Amgen, Inc. | &nbsp;&nbsp;561 | &nbsp;&nbsp;&nbsp;&nbsp;183621 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;2425 | &nbsp;&nbsp;&nbsp;&nbsp;297645 |
| **Health care equipment and supplies 0.1%** |  |  |
| Medtronic PLC | &nbsp;&nbsp;1399 | &nbsp;&nbsp;&nbsp;&nbsp;134388 |
| **Health care providers and services 0.9%** |  |  |
| CVS Health Corp. | &nbsp;&nbsp;12444 | &nbsp;&nbsp;&nbsp;&nbsp;987556 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;1043 | &nbsp;&nbsp;&nbsp;&nbsp;344305 |
| **Life sciences tools and services 0.0%** |  |  |
| WuXi AppTec Company, Ltd., H Shares (B) | &nbsp;&nbsp;5009 | &nbsp;&nbsp;&nbsp;&nbsp;63517 |
| **Pharmaceuticals 3.7%** |  |  |
| Bristol-Myers Squibb Company | &nbsp;&nbsp;9429 | &nbsp;&nbsp;&nbsp;&nbsp;508600 |
| Chugai Pharmaceutical Company, Ltd. | &nbsp;&nbsp;12333 | &nbsp;&nbsp;&nbsp;&nbsp;647008 |
| Johnson & Johnson | &nbsp;&nbsp;4705 | &nbsp;&nbsp;&nbsp;&nbsp;973700 |
| Merck & Company, Inc. | &nbsp;&nbsp;7574 | &nbsp;&nbsp;&nbsp;&nbsp;797239 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp;4258 | &nbsp;&nbsp;&nbsp;&nbsp;215959 |
| Pfizer, Inc. | &nbsp;&nbsp;34429 | &nbsp;&nbsp;&nbsp;&nbsp;857282 |
| Roche Holding AG | &nbsp;&nbsp;1157 | &nbsp;&nbsp;&nbsp;&nbsp;477806 |
| Sanofi SA | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;241888 |
| Torrent Pharmaceuticals, Ltd. | &nbsp;&nbsp;15166 | &nbsp;&nbsp;&nbsp;&nbsp;648573 |
| **Industrials 4.0%** |  | &nbsp;&nbsp;**5963438** |
| **Aerospace and defense 0.3%** |  |  |
| Lockheed Martin Corp. | &nbsp;&nbsp;373 | &nbsp;&nbsp;&nbsp;&nbsp;180409 |
| RTX Corp. | &nbsp;&nbsp;1455 | &nbsp;&nbsp;&nbsp;&nbsp;266847 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Industrials (continued)** |  |  |
| **Air freight and logistics 0.2%** |  |  |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;3157 | &nbsp;&nbsp;&nbsp;&nbsp;$313143 |
| **Building products 0.5%** |  |  |
| AGC, Inc. | &nbsp;&nbsp;19258 | &nbsp;&nbsp;&nbsp;&nbsp;638667 |
| Johnson Controls International PLC | &nbsp;&nbsp;563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67419 |
| **Construction and engineering 0.6%** |  |  |
| Bouygues SA | &nbsp;&nbsp;8973 | &nbsp;&nbsp;&nbsp;&nbsp;466464 |
| Vinci SA | &nbsp;&nbsp;2562 | &nbsp;&nbsp;&nbsp;&nbsp;360430 |
| **Electrical equipment 0.2%** |  |  |
| Contemporary Amperex Technology Company, Ltd., H Shares | &nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64064 |
| Eaton Corp. PLC | &nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75805 |
| Emerson Electric Company | &nbsp;&nbsp;524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69545 |
| Fujikura, Ltd. | &nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73967 |
| Schneider Electric SE | &nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90280 |
| **Industrial conglomerates 0.9%** |  |  |
| Samsung C&T Corp. (A) | &nbsp;&nbsp;4014 | &nbsp;&nbsp;&nbsp;&nbsp;666698 |
| Siemens AG | &nbsp;&nbsp;2411 | &nbsp;&nbsp;&nbsp;&nbsp;675264 |
| **Machinery 0.9%** |  |  |
| Atlas Copco AB, B Shares | &nbsp;&nbsp;5057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80845 |
| Caterpillar, Inc. | &nbsp;&nbsp;132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75619 |
| Komatsu, Ltd. | &nbsp;&nbsp;3573 | &nbsp;&nbsp;&nbsp;&nbsp;113380 |
| Kone OYJ, B Shares | &nbsp;&nbsp;5444 | &nbsp;&nbsp;&nbsp;&nbsp;385669 |
| PACCAR, Inc. | &nbsp;&nbsp;4027 | &nbsp;&nbsp;&nbsp;&nbsp;440997 |
| SKF AB, B Shares | &nbsp;&nbsp;2371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62758 |
| Volvo AB, B Shares | &nbsp;&nbsp;5157 | &nbsp;&nbsp;&nbsp;&nbsp;164120 |
| **Professional services 0.4%** |  |  |
| Paychex, Inc. | &nbsp;&nbsp;5036 | &nbsp;&nbsp;&nbsp;&nbsp;564938 |
| **Trading companies and distributors 0.0%** |  |  |
| Sumitomo Corp. | &nbsp;&nbsp;1910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66110 |
| **Information technology 9.5%** |  | &nbsp;&nbsp;**13929814** |
| **Communications equipment 0.9%** |  |  |
| Accton Technology Corp. | &nbsp;&nbsp;3565 | &nbsp;&nbsp;&nbsp;&nbsp;134532 |
| BYD Electronic International Company, Ltd. | &nbsp;&nbsp;16886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73126 |
| Cisco Systems, Inc. | &nbsp;&nbsp;14482 | &nbsp;&nbsp;&nbsp;1115548 |
| **Electronic equipment, instruments and components 2.1%** |  |  |
| Amano Corp. | &nbsp;&nbsp;13464 | &nbsp;&nbsp;&nbsp;&nbsp;362983 |
| Amphenol Corp., Class A | &nbsp;&nbsp;1998 | &nbsp;&nbsp;&nbsp;&nbsp;270010 |
| Corning, Inc. | &nbsp;&nbsp;1474 | &nbsp;&nbsp;&nbsp;&nbsp;129063 |
| Delta Electronics, Inc. | &nbsp;&nbsp;8365 | &nbsp;&nbsp;&nbsp;&nbsp;255165 |
| Elite Material Company, Ltd. | &nbsp;&nbsp;3456 | &nbsp;&nbsp;&nbsp;&nbsp;181066 |
| Gold Circuit Electronics, Ltd. | &nbsp;&nbsp;4455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97315 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Information technology (continued)** |  |  |
| **Electronic equipment, instruments and components (continued)** |  |  |
| Hon Hai Precision Industry Company, Ltd. | &nbsp;&nbsp;14468 | $106055 |
| Murata Manufacturing Company, Ltd. | &nbsp;&nbsp;3729 | &nbsp;&nbsp;&nbsp;&nbsp;77071 |
| Samsung Electro-Mechanics Company, Ltd. (A) | &nbsp;&nbsp;3709 | &nbsp;&nbsp;&nbsp;656411 |
| Sunny Optical Technology Group Company, Ltd. | &nbsp;&nbsp;11984 | &nbsp;&nbsp;&nbsp;101201 |
| TDK Corp. | &nbsp;&nbsp;10554 | &nbsp;&nbsp;&nbsp;149315 |
| TE Connectivity PLC | &nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;604722 |
| Unimicron Technology Corp. | &nbsp;&nbsp;8663 | &nbsp;&nbsp;&nbsp;&nbsp;60492 |
| Yokogawa Electric Corp. | &nbsp;&nbsp;1925 | &nbsp;&nbsp;&nbsp;&nbsp;61736 |
| **IT services 1.4%** |  |  |
| Accenture PLC, Class A | &nbsp;&nbsp;2214 | &nbsp;&nbsp;&nbsp;594016 |
| Capgemini SE | &nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;73061 |
| IBM Corp. | &nbsp;&nbsp;3568 | 1056877 |
| Infosys, Ltd. | &nbsp;&nbsp;6009 | &nbsp;&nbsp;&nbsp;108383 |
| NEC Corp. | &nbsp;&nbsp;1759 | &nbsp;&nbsp;&nbsp;&nbsp;59517 |
| Otsuka Corp. | &nbsp;&nbsp;5587 | &nbsp;&nbsp;&nbsp;115123 |
| **Semiconductors and semiconductor equipment 2.0%** |  |  |
| Analog Devices, Inc. | &nbsp;&nbsp;690 | &nbsp;&nbsp;&nbsp;187128 |
| Broadcom, Inc. | &nbsp;&nbsp;614 | &nbsp;&nbsp;&nbsp;212505 |
| Marvell Technology, Inc. | &nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;77502 |
| Microchip Technology, Inc. | &nbsp;&nbsp;1475 | &nbsp;&nbsp;&nbsp;&nbsp;93987 |
| NVIDIA Corp. | &nbsp;&nbsp;3044 | &nbsp;&nbsp;&nbsp;567706 |
| Qualcomm, Inc. | &nbsp;&nbsp;5363 | &nbsp;&nbsp;&nbsp;917341 |
| Teradyne, Inc. | &nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;&nbsp;60778 |
| Texas Instruments, Inc. | &nbsp;&nbsp;3350 | &nbsp;&nbsp;&nbsp;581192 |
| Tokyo Electron, Ltd. | &nbsp;&nbsp;1082 | &nbsp;&nbsp;&nbsp;240991 |
| **Software 1.1%** |  |  |
| Gen Digital, Inc. | &nbsp;&nbsp;9428 | &nbsp;&nbsp;&nbsp;256347 |
| Microsoft Corp. | &nbsp;&nbsp;1280 | &nbsp;&nbsp;&nbsp;619034 |
| Oracle Corp. | &nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;183410 |
| SAP SE | &nbsp;&nbsp;654 | &nbsp;&nbsp;&nbsp;158901 |
| The Sage Group PLC | &nbsp;&nbsp;26427 | &nbsp;&nbsp;&nbsp;384367 |
| Trend Micro, Inc. | &nbsp;&nbsp;1455 | &nbsp;&nbsp;&nbsp;&nbsp;60429 |
| **Technology hardware, storage and peripherals 2.0%** |  |  |
| Apple, Inc. | &nbsp;&nbsp;2265 | &nbsp;&nbsp;&nbsp;615763 |
| Asia Vital Components Company, Ltd. | &nbsp;&nbsp;4656 | &nbsp;&nbsp;&nbsp;223463 |
| Canon, Inc. | &nbsp;&nbsp;13066 | &nbsp;&nbsp;&nbsp;386604 |
| FUJIFILM Holdings Corp. | &nbsp;&nbsp;5844 | &nbsp;&nbsp;&nbsp;124000 |
| Hewlett Packard Enterprise Company | &nbsp;&nbsp;14066 | &nbsp;&nbsp;&nbsp;337865 |
| HP, Inc. | &nbsp;&nbsp;25751 | &nbsp;&nbsp;&nbsp;573732 |
| King Slide Works Company, Ltd. | &nbsp;&nbsp;1270 | &nbsp;&nbsp;&nbsp;151650 |
| NetApp, Inc. | &nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;57293 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;1161 | &nbsp;&nbsp;&nbsp;319728 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Information technology (continued)** |  |  |
| **Technology hardware, storage and peripherals (continued)** |  |  |
| Wiwynn Corp. | &nbsp;&nbsp;669 | &nbsp;&nbsp;&nbsp;&nbsp;$95310 |
| **Materials 2.9%** |  | &nbsp;&nbsp;**4273361** |
| **Chemicals 0.8%** |  |  |
| Arkema SA | &nbsp;&nbsp;1070 | &nbsp;&nbsp;&nbsp;&nbsp;65210 |
| BASF SE | &nbsp;&nbsp;4774 | &nbsp;&nbsp;&nbsp;&nbsp;251201 |
| Dow, Inc. | &nbsp;&nbsp;19470 | &nbsp;&nbsp;&nbsp;&nbsp;455209 |
| Evonik Industries AG | &nbsp;&nbsp;5585 | &nbsp;&nbsp;&nbsp;&nbsp;87160 |
| LyondellBasell Industries NV, Class A | &nbsp;&nbsp;8982 | &nbsp;&nbsp;&nbsp;&nbsp;388921 |
| **Containers and packaging 0.2%** |  |  |
| International Paper Company | &nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;98514 |
| Smurfit WestRock PLC | &nbsp;&nbsp;3777 | &nbsp;&nbsp;&nbsp;&nbsp;146057 |
| **Metals and mining 1.7%** |  |  |
| AngloGold Ashanti PLC | &nbsp;&nbsp;1439 | &nbsp;&nbsp;&nbsp;&nbsp;123926 |
| China Hongqiao Group, Ltd. | &nbsp;&nbsp;27553 | &nbsp;&nbsp;&nbsp;&nbsp;115715 |
| CMOC Group, Ltd., H Shares | &nbsp;&nbsp;79343 | &nbsp;&nbsp;&nbsp;&nbsp;197129 |
| Fresnillo PLC | &nbsp;&nbsp;4032 | &nbsp;&nbsp;&nbsp;&nbsp;179789 |
| Gold Fields, Ltd. | &nbsp;&nbsp;3645 | &nbsp;&nbsp;&nbsp;&nbsp;158931 |
| Grupo Mexico SAB de CV, Series B | &nbsp;&nbsp;22978 | &nbsp;&nbsp;&nbsp;&nbsp;217179 |
| Impala Platinum Holdings, Ltd. | &nbsp;&nbsp;8651 | &nbsp;&nbsp;&nbsp;&nbsp;135952 |
| Norsk Hydro ASA | &nbsp;&nbsp;26741 | &nbsp;&nbsp;&nbsp;&nbsp;206418 |
| Northern Star Resources, Ltd. | &nbsp;&nbsp;5824 | &nbsp;&nbsp;&nbsp;&nbsp;102489 |
| Rio Tinto PLC | &nbsp;&nbsp;7633 | &nbsp;&nbsp;&nbsp;&nbsp;614846 |
| Rio Tinto, Ltd. | &nbsp;&nbsp;2741 | &nbsp;&nbsp;&nbsp;&nbsp;267400 |
| Zijin Mining Group Company, Ltd., H Shares | &nbsp;&nbsp;52511 | &nbsp;&nbsp;&nbsp;&nbsp;240418 |
| **Paper and forest products 0.2%** |  |  |
| UPM-Kymmene OYJ | &nbsp;&nbsp;7641 | &nbsp;&nbsp;&nbsp;&nbsp;220897 |
| **Real estate 3.3%** |  | &nbsp;&nbsp;**4834015** |
| **Diversified REITs 0.8%** |  |  |
| Stockland | &nbsp;&nbsp;236018 | &nbsp;&nbsp;&nbsp;&nbsp;899869 |
| WP Carey, Inc. | &nbsp;&nbsp;4099 | &nbsp;&nbsp;&nbsp;&nbsp;263812 |
| **Health care REITs 0.3%** |  |  |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;3239 | &nbsp;&nbsp;&nbsp;&nbsp;158517 |
| Healthpeak Properties, Inc. | &nbsp;&nbsp;14954 | &nbsp;&nbsp;&nbsp;&nbsp;240460 |
| **Office REITs 0.5%** |  |  |
| BXP, Inc. | &nbsp;&nbsp;2317 | &nbsp;&nbsp;&nbsp;&nbsp;156351 |
| Nippon Building Fund, Inc. | &nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;659877 |
| **Real estate management and development 0.7%** |  |  |
| China Jinmao Holdings Group, Ltd. | &nbsp;&nbsp;882714 | &nbsp;&nbsp;&nbsp;&nbsp;137414 |
| China Resources Land, Ltd. | &nbsp;&nbsp;17388 | &nbsp;&nbsp;&nbsp;&nbsp;60828 |
| Hulic Company, Ltd. | &nbsp;&nbsp;60985 | &nbsp;&nbsp;&nbsp;&nbsp;667247 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Real estate (continued)** |  |  |
| **Real estate management and development (continued)** |  |  |
| KE Holdings, Inc., Class A | &nbsp;&nbsp;27971 | &nbsp;&nbsp;&nbsp;&nbsp;$147937 |
| **Retail REITs 0.3%** |  |  |
| Simon Property Group, Inc. | &nbsp;&nbsp;2583 | &nbsp;&nbsp;&nbsp;&nbsp;478139 |
| **Specialized REITs 0.7%** |  |  |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88339 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69668 |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;15193 | &nbsp;&nbsp;&nbsp;&nbsp;678975 |
| Iron Mountain, Inc. | &nbsp;&nbsp;1526 | &nbsp;&nbsp;&nbsp;&nbsp;126582 |
| **Utilities 4.8%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**6994002** |
| **Electric utilities 3.1%** |  |  |
| Duke Energy Corp. | &nbsp;&nbsp;2619 | &nbsp;&nbsp;&nbsp;&nbsp;306973 |
| Edison International | &nbsp;&nbsp;4089 | &nbsp;&nbsp;&nbsp;&nbsp;245422 |
| Emera, Inc. | &nbsp;&nbsp;13321 | &nbsp;&nbsp;&nbsp;&nbsp;656466 |
| Endesa SA | &nbsp;&nbsp;18330 | &nbsp;&nbsp;&nbsp;&nbsp;659526 |
| Enel SpA | &nbsp;&nbsp;10481 | &nbsp;&nbsp;&nbsp;&nbsp;108974 |
| Evergy, Inc. | &nbsp;&nbsp;8507 | &nbsp;&nbsp;&nbsp;&nbsp;616672 |
| Eversource Energy | &nbsp;&nbsp;13700 | &nbsp;&nbsp;&nbsp;&nbsp;922421 |
| Iberdrola SA | &nbsp;&nbsp;39342 | &nbsp;&nbsp;&nbsp;&nbsp;851888 |
| NextEra Energy, Inc. | &nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99226 |
| Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;15415 | &nbsp;&nbsp;&nbsp;&nbsp;163996 |
| **Gas utilities 0.3%** |  |  |
| APA Group | &nbsp;&nbsp;47907 | &nbsp;&nbsp;&nbsp;&nbsp;286254 |
| Snam SpA | &nbsp;&nbsp;17140 | &nbsp;&nbsp;&nbsp;&nbsp;113893 |
| **Multi-utilities 0.9%** |  |  |
| Canadian Utilities, Ltd., Class A | &nbsp;&nbsp;21122 | &nbsp;&nbsp;&nbsp;&nbsp;657567 |
| Dominion Energy, Inc. | &nbsp;&nbsp;1761 | &nbsp;&nbsp;&nbsp;&nbsp;103177 |
| National Grid PLC | &nbsp;&nbsp;11037 | &nbsp;&nbsp;&nbsp;&nbsp;169291 |
| Veolia Environnement SA | &nbsp;&nbsp;10089 | &nbsp;&nbsp;&nbsp;&nbsp;351072 |
| **Water utilities 0.5%** |  |  |
| United Utilities Group PLC | &nbsp;&nbsp;42398 | &nbsp;&nbsp;&nbsp;&nbsp;681184 |
| **Preferred securities 1.0%** |  | &nbsp;&nbsp;**$1429640** |
| (Cost $954,255) |  |  |
| **Consumer discretionary 0.4%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**545318** |
| **Automobiles 0.4%** |  |  |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;1327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141406 |
| Hyundai Motor Company | &nbsp;&nbsp;1936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277451 |
| Hyundai Motor Company, 2nd Preferred Shares | &nbsp;&nbsp;&nbsp;&nbsp;856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126461 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;**Value** |
| **Information technology 0.6%** |  | &nbsp;&nbsp;**$884322** |
| **Technology hardware, storage and peripherals 0.6%** |  |  |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;14247 | &nbsp;&nbsp;&nbsp;&nbsp;884322 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Foreign government obligations 0.7%** | **Foreign government obligations 0.7%** |  |  |  | &nbsp;&nbsp;**$1126058** |
| (Cost $1,070,257) |  |  |  |  |  |
| **Argentina 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**69840** |
| Republic of Argentina<br> Bond | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-09-38 |  | &nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69840 |
| **Brazil 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**201879** |
| Federative Republic of Brazil<br> Note | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;03-15-34 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201879 |
| **Colombia 0.2%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**283910** |
| Republic of Colombia |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-26-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-26-38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141803 |
| **Mexico 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**152169** |
| Government of Mexico<br> Bond | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;03-19-34 | &nbsp;&nbsp;EUR | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152169 |
| **Romania 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**212010** |
| Republic of Romania<br> Bond (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;07-11-32 | &nbsp;&nbsp;EUR | 173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212010 |
| **South Africa 0.1%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**206250** |
| Republic of South Africa<br> Bond | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;04-20-32 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206250 |
| **Corporate bonds 17.5%** | **Corporate bonds 17.5%** | **Corporate bonds 17.5%** |  |  | &nbsp;&nbsp;**$25718202** |
| (Cost $24,583,206) |  |  |  |  |  |
| **Communication services 2.8%** | **Communication services 2.8%** | **Communication services 2.8%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4129838** |
| **Diversified telecommunication services 0.7%** | **Diversified telecommunication services 0.7%** | **Diversified telecommunication services 0.7%** |  |  |  |
| Eircom Finance DAC | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-30-31 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238826 |
| Eolo SpA | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;10-21-28 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108706 |
| Fibercop SpA | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;11-15-33 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198188 |
| Iliad Holding SAS | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;04-15-31 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125314 |
| Kaixo Bondco Telecom SA | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;09-30-29 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237903 |
| Level 3 Financing, Inc. (B) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;07-15-29 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59183 |
| Telecom Italia Capital SA | &nbsp;&nbsp;7.200 | &nbsp;&nbsp;07-18-36 |  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65067 |
| **Entertainment 0.2%** | **Entertainment 0.2%** | **Entertainment 0.2%** |  |  |  |
| Cinemark USA, Inc. (B) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-28 |  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39996 |
| Cinemark USA, Inc. (B) | &nbsp;&nbsp;7.000 | &nbsp;&nbsp;08-01-32 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51885 |
| Univision Communications, Inc. (B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;07-31-31 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104463 |
| Univision Communications, Inc. (B) | &nbsp;&nbsp;9.375 | &nbsp;&nbsp;08-01-32 |  | 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48367 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |  |  |  |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |  |  |  |
| WarnerMedia Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.050 | &nbsp;&nbsp;03-15-42 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$70375 |
| WarnerMedia Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.141 | &nbsp;&nbsp;03-15-52 |  | 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9224 |
| **Media 1.2%** | **Media 1.2%** | **Media 1.2%** |  |  |  |
| Altice France SA (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-15-31 | &nbsp;&nbsp;EUR | 154020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171783 |
| Altice France SA (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;04-15-32 |  | 93000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89157 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-01-31 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68914 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;01-15-34 |  | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110536 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;08-15-30 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61198 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-01-32 |  | 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361007 |
| CCO Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-01-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49604 |
| Clear Channel Outdoor Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;02-15-31 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26179 |
| Clear Channel Outdoor Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-15-33 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26407 |
| Clear Channel Outdoor Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.875 | &nbsp;&nbsp;04-01-30 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157979 |
| Directv Financing LLC (B) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;02-15-31 |  | 69000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70522 |
| Scripps Escrow II, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;01-15-29 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59809 |
| United Group BV | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-15-31 | &nbsp;&nbsp;EUR | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181025 |
| VZ Secured Financing BV (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;01-15-33 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202606 |
| VZ Vendor Financing II BV | &nbsp;&nbsp;&nbsp;&nbsp;2.875 | &nbsp;&nbsp;01-15-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110965 |
| **Wireless telecommunication services 0.7%** | **Wireless telecommunication services 0.7%** | **Wireless telecommunication services 0.7%** |  |  |  |
| Matterhorn Telecom SA | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;01-30-30 | &nbsp;&nbsp;EUR | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150745 |
| Odido Group Holding BV | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;01-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118341 |
| Odido Holding BV | &nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;01-15-29 | &nbsp;&nbsp;EUR | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176357 |
| Sunrise FinCo I BV (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;07-15-31 |  | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381000 |
| Vmed O2 UK Financing I PLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;01-15-33 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198207 |
| **Consumer discretionary 2.0%** | **Consumer discretionary 2.0%** | **Consumer discretionary 2.0%** |  |  | &nbsp;&nbsp;**2950808** |
| **Automobile components 0.5%** | **Automobile components 0.5%** | **Automobile components 0.5%** |  |  |  |
| Adient Global Holdings, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;02-15-33 |  | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20641 |
| Forvia SE | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;06-15-29 | &nbsp;&nbsp;EUR | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182285 |
| Forvia SE (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;06-15-30 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214181 |
| ZF Europe Finance BV | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;06-12-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123695 |
| ZF North America Capital, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-24-31 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151614 |
| **Broadline retail 0.1%** | **Broadline retail 0.1%** | **Broadline retail 0.1%** |  |  |  |
| B&M European Value Retail SA | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;11-27-31 | &nbsp;&nbsp;GBP | 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232124 |
| **Diversified consumer services 0.4%** | **Diversified consumer services 0.4%** | **Diversified consumer services 0.4%** |  |  |  |
| AA Bond Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;07-31-29 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143184 |
| Graham Holdings Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;12-01-33 |  | 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287741 |
| Service Corp. International | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;08-15-30 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187020 |
| **Hotels, restaurants and leisure 0.5%** | **Hotels, restaurants and leisure 0.5%** | **Hotels, restaurants and leisure 0.5%** |  |  |  |
| Bertrand Franchise Finance SAS | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;07-18-30 | &nbsp;&nbsp;EUR | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147362 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |  |  |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |  |  |
| Cirsa Finance International Sarl | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;03-15-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;$122162 |
| NCL Corp., Ltd. (B) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;03-01-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50766 |
| New Red Finance, Inc. (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-15-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47620 |
| New Red Finance, Inc. (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;01-15-28 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99369 |
| Punch Finance PLC (B) | &nbsp;&nbsp;7.875 | &nbsp;&nbsp;12-30-30 | &nbsp;&nbsp;GBP | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157810 |
| Viking Cruises, Ltd. (B) | &nbsp;&nbsp;9.125 | &nbsp;&nbsp;07-15-31 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80313 |
| Yum! Brands, Inc. (B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;01-15-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50040 |
| **Household durables 0.2%** | **Household durables 0.2%** | **Household durables 0.2%** |  |  |  |
| Ashton Woods USA LLC (B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08-01-29 |  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119174 |
| M/I Homes, Inc. | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;02-15-30 |  | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101088 |
| Taylor Morrison Communities, Inc. (B) | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;01-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50893 |
| **Specialty retail 0.3%** | **Specialty retail 0.3%** | **Specialty retail 0.3%** |  |  |  |
| Asbury Automotive Group, Inc. (B) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;11-15-29 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98315 |
| Asbury Automotive Group, Inc. (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-15-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97180 |
| Specialty Building Products Holdings LLC (B) | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;10-15-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73176 |
| Velocity Vehicle Group LLC (B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;06-01-29 |  | 119000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113055 |
| **Consumer staples 0.7%** | **Consumer staples 0.7%** | **Consumer staples 0.7%** |  |  | &nbsp;&nbsp;**1027496** |
| **Consumer staples distribution and retail 0.4%** | **Consumer staples distribution and retail 0.4%** | **Consumer staples distribution and retail 0.4%** |  |  |  |
| Bellis Acquisition Company PLC | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;07-01-31 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227552 |
| Lion/Polaris Lux 4 SA (3 month EURIBOR + 3.625%) (D) | &nbsp;&nbsp;5.641 | &nbsp;&nbsp;07-01-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118880 |
| New Immo Holding SA | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;07-23-27 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117219 |
| Performance Food Group, Inc. (B) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;08-01-29 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97768 |
| **Food products 0.3%** | **Food products 0.3%** | **Food products 0.3%** |  |  |  |
| B&G Foods, Inc. (B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;09-15-28 |  | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14758 |
| Barry Callebaut Services NV | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;08-19-31 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240516 |
| Darling Global Finance BV (B) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;07-15-32 | &nbsp;&nbsp;EUR | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136448 |
| **Household products 0.0%** | **Household products 0.0%** | **Household products 0.0%** |  |  |  |
| Energizer Holdings, Inc. (B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;06-15-28 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74355 |
| **Energy 1.4%** | **Energy 1.4%** | **Energy 1.4%** |  |  | &nbsp;&nbsp;**2024586** |
| **Energy equipment and services 0.1%** | **Energy equipment and services 0.1%** | **Energy equipment and services 0.1%** |  |  |  |
| USA Compression Partners LP (B) | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;10-01-33 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75899 |
| **Oil, gas and consumable fuels 1.3%** | **Oil, gas and consumable fuels 1.3%** | **Oil, gas and consumable fuels 1.3%** |  |  |  |
| Buckeye Partners LP | &nbsp;&nbsp;5.850 | &nbsp;&nbsp;11-15-43 |  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107844 |
| Buckeye Partners LP (B) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;02-01-30 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26244 |
| Buckeye Partners LP (B) | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-01-29 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104021 |
| DT Midstream, Inc. (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;06-15-31 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146856 |
| Ecopetrol SA | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;02-01-32 |  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128636 |
| Ecopetrol SA | &nbsp;&nbsp;8.375 | &nbsp;&nbsp;01-19-36 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51439 |
| Matador Resources Company (B) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;04-15-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101416 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |  |  |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |  |  |
| Permian Resources Operating LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;02-01-33 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25644 |
| Permian Resources Operating LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-15-32 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78175 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;02-26-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117622 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-27-44 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113016 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;06-15-35 |  | 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128105 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;09-21-47 |  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102775 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;6.840 | &nbsp;&nbsp;01-23-30 |  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60930 |
| Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;7.690 | &nbsp;&nbsp;01-23-50 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44810 |
| Rockies Express Pipeline LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;03-15-33 |  | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126638 |
| SM Energy Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;08-01-32 |  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113053 |
| Sunoco LP | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;04-30-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48826 |
| Sunoco LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.625 | &nbsp;&nbsp;03-15-31 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75550 |
| Sunoco LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;03-15-34 |  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39996 |
| Sunoco LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;07-01-33 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76824 |
| Talos Production, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;02-01-29 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25966 |
| Talos Production, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.375 | &nbsp;&nbsp;02-01-31 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104301 |
| **Financials 1.8%** | **Financials 1.8%** | **Financials 1.8%** |  |  | &nbsp;&nbsp;**2697890** |
| **Banks 0.2%** | **Banks 0.2%** | **Banks 0.2%** |  |  |  |
| Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;&nbsp;&nbsp;7.708 | &nbsp;&nbsp;01-18-28 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127581 |
| NatWest Group PLC (2.105% to 11-28-26, then 5 Year United Kingdom Gilt Rate + 1.750%) | &nbsp;&nbsp;&nbsp;&nbsp;2.105 | &nbsp;&nbsp;11-28-31 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132657 |
| **Capital markets 0.1%** | **Capital markets 0.1%** | **Capital markets 0.1%** |  |  |  |
| Hightower Holding LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;01-31-30 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158892 |
| **Consumer finance 0.3%** | **Consumer finance 0.3%** | **Consumer finance 0.3%** |  |  |  |
| Boost Newco Borrower LLC | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;01-15-31 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143967 |
| Credit Acceptance Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;03-15-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50099 |
| Credit Acceptance Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.250 | &nbsp;&nbsp;12-15-28 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104516 |
| goeasy, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;02-15-31 |  | 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84185 |
| OneMain Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-15-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75051 |
| **Financial services 0.7%** | **Financial services 0.7%** | **Financial services 0.7%** |  |  |  |
| Block, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;08-15-33 |  | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143725 |
| Freedom Mortgage Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.375 | &nbsp;&nbsp;04-01-32 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68423 |
| Freedom Mortgage Holdings LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.250 | &nbsp;&nbsp;02-01-29 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68175 |
| PennyMac Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-15-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73352 |
| PennyMac Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;09-15-31 |  | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70338 |
| PennyMac Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;05-15-32 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10469 |
| PennyMac Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;02-15-33 |  | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73077 |
| PennyMac Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;11-15-30 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26281 |
| Planet Financial Group LLC (B) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;12-15-29 |  | 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94269 |
| Rocket Companies, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;08-01-30 |  | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82694 |
| Rocket Companies, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.375 | &nbsp;&nbsp;08-01-33 |  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57344 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |  |  |  |
| **Financial services (continued)** | **Financial services (continued)** | **Financial services (continued)** |  |  |  |
| Rocket Companies, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;08-01-29 |  | 99000 | &nbsp;&nbsp;&nbsp;&nbsp;$102107 |
| United Wholesale Mortgage LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-15-29 |  | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138997 |
| **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** |  |  |  |
| Acrisure LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-15-29 |  | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219419 |
| Acrisure LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;07-01-32 |  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56656 |
| Admiral Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;01-06-34 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156194 |
| Alliant Holdings Intermediate LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;10-15-27 |  | 84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83466 |
| Alliant Holdings Intermediate LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50909 |
| Alliant Holdings Intermediate LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;01-15-31 |  | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31124 |
| Asurion LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;12-31-32 |  | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108949 |
| HUB International, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;06-15-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52496 |
| HUB International, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;01-31-32 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52478 |
| **Health care 2.0%** | **Health care 2.0%** | **Health care 2.0%** |  |  | &nbsp;&nbsp;**2923943** |
| **Biotechnology 0.7%** | **Biotechnology 0.7%** | **Biotechnology 0.7%** |  |  |  |
| Genmab A/S (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;12-15-32 |  | 490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502175 |
| Grifols SA | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;10-15-28 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116300 |
| Grifols SA | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;05-01-30 | &nbsp;&nbsp;EUR | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308239 |
| Star Parent, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.000 | &nbsp;&nbsp;10-01-30 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80041 |
| **Health care equipment and supplies 0.1%** | **Health care equipment and supplies 0.1%** | **Health care equipment and supplies 0.1%** |  |  |  |
| Medline Borrower LP (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;04-01-29 |  | 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170854 |
| **Health care providers and services 0.4%** | **Health care providers and services 0.4%** | **Health care providers and services 0.4%** |  |  |  |
| AthenaHealth Group, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;02-15-30 |  | 156000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155531 |
| Community Health Systems, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;05-15-30 |  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79831 |
| Community Health Systems, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;04-15-29 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44500 |
| Community Health Systems, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;01-15-34 |  | 35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36762 |
| Community Health Systems, Inc. (B) | &nbsp;&nbsp;10.875 | &nbsp;&nbsp;01-15-32 |  | 34000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37109 |
| Tenet Healthcare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;06-15-28 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150279 |
| Tenet Healthcare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;06-15-30 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51165 |
| **Life sciences tools and services 0.3%** | **Life sciences tools and services 0.3%** | **Life sciences tools and services 0.3%** |  |  |  |
| Avantor Funding, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;11-01-29 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143438 |
| Avantor Funding, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;07-15-28 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99457 |
| IQVIA, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;06-01-32 |  | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172411 |
| **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** |  |  |  |
| Bausch Health Companies, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-01-28 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89500 |
| Bausch Health Companies, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;02-15-29 |  | 36000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28980 |
| Bausch Health Companies, Inc. (B) | &nbsp;&nbsp;11.000 | &nbsp;&nbsp;09-30-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51792 |
| Rossini Sarl | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;12-31-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123479 |
| Teva Pharmaceutical Finance Netherlands II BV | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;05-09-30 | &nbsp;&nbsp;EUR | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482100 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials 2.3%** | **Industrials 2.3%** | **Industrials 2.3%** |  |  | &nbsp;&nbsp;**$3442498** |
| **Aerospace and defense 0.1%** | **Aerospace and defense 0.1%** | **Aerospace and defense 0.1%** |  |  |  |
| TransDigm, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;05-01-29 |  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84779 |
| TransDigm, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-31-34 |  | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15565 |
| TransDigm, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;01-31-34 |  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57293 |
| TransDigm, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;12-01-31 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52549 |
| **Building products 0.3%** | **Building products 0.3%** | **Building products 0.3%** |  |  |  |
| Builders FirstSource, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;02-01-32 |  | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90460 |
| Builders FirstSource, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-30 |  | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94721 |
| CP Atlas Buyer, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.750 | &nbsp;&nbsp;07-15-30 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77681 |
| CP Atlas Buyer, Inc. (7.000% Cash and 5.750% PIK) (B) | &nbsp;&nbsp;12.750 | &nbsp;&nbsp;01-15-31 |  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56845 |
| LBM Acquisition LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;01-15-29 |  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53999 |
| **Commercial services and supplies 1.1%** | **Commercial services and supplies 1.1%** | **Commercial services and supplies 1.1%** |  |  |  |
| Allied Universal Holdco LLC | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-01-28 | &nbsp;&nbsp;GBP | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262362 |
| Allied Universal Holdco LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.875 | &nbsp;&nbsp;02-15-31 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52694 |
| Arena Luxembourg Finance Sarl | &nbsp;&nbsp;&nbsp;&nbsp;1.875 | &nbsp;&nbsp;02-01-28 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115209 |
| Arena Luxembourg Finance Sarl (3 month EURIBOR + 2.500%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;4.550 | &nbsp;&nbsp;05-01-30 | &nbsp;&nbsp;EUR | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165972 |
| BCP V Modular Services Finance II PLC | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;11-30-28 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126652 |
| Belron UK Finance PLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;10-15-29 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204238 |
| Boels Topholding BV | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;05-15-30 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242987 |
| Garda World Security Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;08-01-32 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66061 |
| Garda World Security Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.375 | &nbsp;&nbsp;11-15-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101861 |
| Q-Park Holding I BV | &nbsp;&nbsp;&nbsp;&nbsp;5.125 | &nbsp;&nbsp;02-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121285 |
| Reworld Holding Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;12-01-29 |  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38447 |
| Verisure Holding AB | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;05-15-30 | &nbsp;&nbsp;EUR | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182713 |
| **Construction and engineering 0.1%** | **Construction and engineering 0.1%** | **Construction and engineering 0.1%** |  |  |  |
| Sacyr SA | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;05-29-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120666 |
| **Electrical equipment 0.1%** | **Electrical equipment 0.1%** | **Electrical equipment 0.1%** |  |  |  |
| Allison Transmission, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.875 | &nbsp;&nbsp;12-01-33 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101456 |
| EMRLD Borrower LP | &nbsp;&nbsp;&nbsp;&nbsp;6.375 | &nbsp;&nbsp;12-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122330 |
| **Ground transportation 0.1%** | **Ground transportation 0.1%** | **Ground transportation 0.1%** |  |  |  |
| Rumo Luxembourg Sarl | &nbsp;&nbsp;&nbsp;&nbsp;4.200 | &nbsp;&nbsp;01-18-32 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183080 |
| **Machinery 0.1%** | **Machinery 0.1%** | **Machinery 0.1%** |  |  |  |
| IMA Industria Macchine Automatiche SpA | &nbsp;&nbsp;&nbsp;&nbsp;3.750 | &nbsp;&nbsp;01-15-28 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117667 |
| **Professional services 0.1%** | **Professional services 0.1%** | **Professional services 0.1%** |  |  |  |
| Amentum Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;08-01-32 |  | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137031 |
| **Trading companies and distributors 0.1%** | **Trading companies and distributors 0.1%** | **Trading companies and distributors 0.1%** |  |  |  |
| United Rentals North America, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;01-15-30 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76029 |
| United Rentals North America, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;03-15-34 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52084 |
| **Transportation infrastructure 0.2%** | **Transportation infrastructure 0.2%** | **Transportation infrastructure 0.2%** |  |  |  |
| Heathrow Finance PLC | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;03-01-27 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132232 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |  |  |  |
| **Transportation infrastructure (continued)** | **Transportation infrastructure (continued)** | **Transportation infrastructure (continued)** |  |  |  |
| Heathrow Finance PLC | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;03-01-31 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;$135550 |
| **Information technology 0.8%** | **Information technology 0.8%** | **Information technology 0.8%** |  |  | &nbsp;&nbsp;**1233200** |
| **Communications equipment 0.2%** | **Communications equipment 0.2%** | **Communications equipment 0.2%** |  |  |  |
| EchoStar Corp. (6.750% Cash and 0.000% PIK) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;11-30-30 |  | 147784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151400 |
| EchoStar Corp. | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;11-30-29 |  | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154812 |
| **Electronic equipment, instruments and components 0.1%** | **Electronic equipment, instruments and components 0.1%** | **Electronic equipment, instruments and components 0.1%** |  |  |  |
| Imola Merger Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;05-15-29 |  | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103637 |
| Insight Enterprises, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;05-15-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102800 |
| **IT services 0.1%** | **IT services 0.1%** | **IT services 0.1%** |  |  |  |
| Fortress Intermediate 3, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-31 |  | 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151299 |
| **Semiconductors and semiconductor equipment 0.0%** | **Semiconductors and semiconductor equipment 0.0%** | **Semiconductors and semiconductor equipment 0.0%** |  |  |  |
| Qnity Electronics, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.750 | &nbsp;&nbsp;08-15-32 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25561 |
| **Software 0.4%** | **Software 0.4%** | **Software 0.4%** |  |  |  |
| Gen Digital, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;09-30-27 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76117 |
| McAfee Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.375 | &nbsp;&nbsp;02-15-30 |  | 198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172671 |
| Rocket Software, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;02-15-29 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146997 |
| TeamSystem SpA (3 month EURIBOR + 3.500%) (D) | &nbsp;&nbsp;&nbsp;&nbsp;5.526 | &nbsp;&nbsp;07-31-31 | &nbsp;&nbsp;EUR | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147906 |
| **Materials 1.5%** | **Materials 1.5%** | **Materials 1.5%** |  |  | &nbsp;&nbsp;**2183668** |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |  |  |  |
| Avient Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;11-01-31 |  | 65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66811 |
| Celanese US Holdings LLC | &nbsp;&nbsp;&nbsp;&nbsp;7.000 | &nbsp;&nbsp;02-15-31 |  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56313 |
| Mativ Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;10-01-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75752 |
| NOVA Chemicals Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;11-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52277 |
| Olympus Water US Holding Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;02-15-33 | &nbsp;&nbsp;EUR | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221323 |
| SNF Group SACA (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;03-15-32 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121090 |
| Tronox, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.125 | &nbsp;&nbsp;09-30-30 |  | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110368 |
| Windsor Holdings III LLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-15-30 |  | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163735 |
| **Containers and packaging 0.7%** | **Containers and packaging 0.7%** | **Containers and packaging 0.7%** |  |  |  |
| Ardagh Group SA (B) | &nbsp;&nbsp;&nbsp;&nbsp;9.500 | &nbsp;&nbsp;12-01-30 |  | 59716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64769 |
| Ardagh Group SA (4.500% Cash and 7.500% PIK) (B) | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;12-01-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107653 |
| Ardagh Metal Packaging Finance USA LLC | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;09-01-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111693 |
| Clydesdale Acquisition Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.625 | &nbsp;&nbsp;04-15-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76309 |
| Clydesdale Acquisition Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;6.875 | &nbsp;&nbsp;01-15-30 |  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41000 |
| Crown European Holdings SACA | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;01-15-30 | &nbsp;&nbsp;EUR | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182880 |
| Mauser Packaging Solutions Holding Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;7.875 | &nbsp;&nbsp;04-15-30 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74408 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |  |  |  |
| **Containers and packaging (continued)** | **Containers and packaging (continued)** | **Containers and packaging (continued)** |  |  |  |
| Mauser Packaging Solutions Holding Company (B) | &nbsp;&nbsp;9.250 | &nbsp;&nbsp;04-15-30 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24000 |
| Owens-Brockway Glass Container, Inc. (B) | &nbsp;&nbsp;7.375 | &nbsp;&nbsp;06-01-32 |  | 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136959 |
| Trivium Packaging Finance BV (B) | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123639 |
| Trivium Packaging Finance BV | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123639 |
| **Metals and mining 0.2%** | **Metals and mining 0.2%** | **Metals and mining 0.2%** |  |  |  |
| Constellium SE | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;08-15-32 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122562 |
| Fortescue Treasury Pty, Ltd. (B) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;04-15-30 |  | 123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126488 |
| **Real estate 1.6%** | **Real estate 1.6%** | **Real estate 1.6%** |  |  | &nbsp;&nbsp;**2265906** |
| **Health care REITs 0.1%** | **Health care REITs 0.1%** | **Health care REITs 0.1%** |  |  |  |
| MPT Operating Partnership LP (B) | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;02-15-32 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80095 |
| **Hotel and resort REITs 0.2%** | **Hotel and resort REITs 0.2%** | **Hotel and resort REITs 0.2%** |  |  |  |
| Pebblebrook Hotel LP (B) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;10-15-29 |  | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122826 |
| Service Properties Trust | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;02-15-30 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84733 |
| Service Properties Trust | &nbsp;&nbsp;4.950 | &nbsp;&nbsp;10-01-29 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43339 |
| **Office REITs 0.7%** | **Office REITs 0.7%** | **Office REITs 0.7%** |  |  |  |
| Alstria Office AG | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;03-20-31 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240349 |
| Brandywine Operating Partnership LP | &nbsp;&nbsp;4.550 | &nbsp;&nbsp;10-01-29 |  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119302 |
| Brandywine Operating Partnership LP | &nbsp;&nbsp;6.125 | &nbsp;&nbsp;01-15-31 |  | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68053 |
| Brandywine Operating Partnership LP | &nbsp;&nbsp;8.300 | &nbsp;&nbsp;03-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52712 |
| Brandywine Operating Partnership LP | &nbsp;&nbsp;8.875 | &nbsp;&nbsp;04-12-29 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80836 |
| Hudson Pacific Properties LP | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;01-15-30 |  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21098 |
| Hudson Pacific Properties LP | &nbsp;&nbsp;4.650 | &nbsp;&nbsp;04-01-29 |  | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203360 |
| Hudson Pacific Properties LP | &nbsp;&nbsp;5.950 | &nbsp;&nbsp;02-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49250 |
| Piedmont Operating Partnership LP | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;01-15-33 |  | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15154 |
| Piedmont Operating Partnership LP | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;07-15-29 |  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159183 |
| **Real estate management and development 0.5%** | **Real estate management and development 0.5%** | **Real estate management and development 0.5%** |  |  |  |
| Canary Wharf Group Investment Holdings PLC | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;04-23-28 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126779 |
| CPI Property Group SA | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;07-22-30 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226201 |
| CPI Property Group SA (7.500% to 6-24-31, then 5 Year EURIBOR ICE Swap Rate + 5.232% to 6-24-36, then 5 Year EURIBOR ICE Swap Rate + 5.482% to 6-24-46, then 5 Year EURIBOR ICE Swap Rate + 6.232%) (E) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-26-31 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108656 |
| Heimstaden Bostad AB | &nbsp;&nbsp;1.125 | &nbsp;&nbsp;01-21-26 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117434 |
| Samhallsbyggnadsbolaget I Norden Holding AB | &nbsp;&nbsp;1.125 | &nbsp;&nbsp;09-26-29 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96329 |
| Samhallsbyggnadsbolaget I Norden Holding AB | &nbsp;&nbsp;2.375 | &nbsp;&nbsp;08-04-26 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115941 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Real estate (continued)** | **Real estate (continued)** | **Real estate (continued)** |  |  |  |
| **Specialized REITs 0.1%** | **Specialized REITs 0.1%** | **Specialized REITs 0.1%** |  |  |  |
| GLP Pte, Ltd. (4.500% to 5-17-26, then 5 Year CMT + 3.735% to 5-17-31, then 5 Year CMT + 3.985% to 5-17-46, then 5 Year CMT + 4.735%) (E) | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;05-17-26 |  | 200000 | &nbsp;&nbsp;&nbsp;$134276 |
| **Utilities 0.6%** | **Utilities 0.6%** | **Utilities 0.6%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**838369** |
| **Electric utilities 0.2%** | **Electric utilities 0.2%** | **Electric utilities 0.2%** |  |  |  |
| Eastern European Electric Company BV | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;05-15-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;123398 |
| Energo-Pro AS (B) | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;05-27-30 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;123746 |
| **Independent power and renewable electricity producers 0.2%** | **Independent power and renewable electricity producers 0.2%** | **Independent power and renewable electricity producers 0.2%** |  |  |  |
| Clearway Energy Operating LLC (B) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;02-15-31 |  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;186777 |
| Clearway Energy Operating LLC (B) | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;03-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49891 |
| TerraForm Power Operating LLC (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-31-28 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74931 |
| **Water utilities 0.2%** | **Water utilities 0.2%** | **Water utilities 0.2%** |  |  |  |
| SW Finance I PLC | &nbsp;&nbsp;6.875 | &nbsp;&nbsp;08-07-32 | &nbsp;&nbsp;GBP | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;279626 |
| **Convertible bonds 0.4%** | **Convertible bonds 0.4%** | **Convertible bonds 0.4%** |  |  | &nbsp;&nbsp;**$590110** |
| (Cost $600,754) |  |  |  |  |  |
| **Consumer discretionary 0.2%** | **Consumer discretionary 0.2%** | **Consumer discretionary 0.2%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**197823** |
| **Hotels, restaurants and leisure 0.1%** | **Hotels, restaurants and leisure 0.1%** | **Hotels, restaurants and leisure 0.1%** |  |  |  |
| MakeMyTrip, Ltd. (B)(F) | &nbsp;&nbsp;0.466 | &nbsp;&nbsp;07-01-30 |  | 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73425 |
| NCL Corp., Ltd. (B) | &nbsp;&nbsp;0.750 | &nbsp;&nbsp;09-15-30 |  | 78000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75223 |
| **Household durables 0.1%** | **Household durables 0.1%** | **Household durables 0.1%** |  |  |  |
| Meritage Homes Corp. | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;05-15-28 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49175 |
| **Health care 0.0%** | **Health care 0.0%** | **Health care 0.0%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42128** |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |  |  |  |
| Zoetis, Inc. (B) | &nbsp;&nbsp;0.250 | &nbsp;&nbsp;06-15-29 |  | 41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42128 |
| **Industrials 0.1%** | **Industrials 0.1%** | **Industrials 0.1%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**105783** |
| **Aerospace and defense 0.1%** | **Aerospace and defense 0.1%** | **Aerospace and defense 0.1%** |  |  |  |
| BWX Technologies, Inc. (B)(F) | &nbsp;&nbsp;0.986 | &nbsp;&nbsp;11-01-30 |  | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;105783 |
| **Information technology 0.0%** | **Information technology 0.0%** | **Information technology 0.0%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47300** |
| **Semiconductors and semiconductor equipment 0.0%** | **Semiconductors and semiconductor equipment 0.0%** | **Semiconductors and semiconductor equipment 0.0%** |  |  |  |
| ON Semiconductor Corp. | &nbsp;&nbsp;0.500 | &nbsp;&nbsp;03-01-29 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47300 |
| **Real estate 0.1%** | **Real estate 0.1%** | **Real estate 0.1%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**197076** |
| **Industrial REITs 0.1%** | **Industrial REITs 0.1%** | **Industrial REITs 0.1%** |  |  |  |
| Rexford Industrial Realty LP (B) | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;03-15-29 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49835 |
| Rexford Industrial Realty LP (B) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;03-15-27 |  | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49725 |
| **Office REITs 0.0%** | **Office REITs 0.0%** | **Office REITs 0.0%** |  |  |  |
| Boston Properties LP (B) | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;10-01-30 |  | 101000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97516 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Term loans (G) 0.4%** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$602727** |
| (Cost $591,147) |  |  |  |  |  |
| **Consumer discretionary 0.0%** | **Consumer discretionary 0.0%** | **Consumer discretionary 0.0%** | **Consumer discretionary 0.0%** | **Consumer discretionary 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92068 |
| **Specialty retail 0.0%** | **Specialty retail 0.0%** | **Specialty retail 0.0%** | **Specialty retail 0.0%** | **Specialty retail 0.0%** | **Specialty retail 0.0%** |
| Specialty Building Products Holdings LLC, 2021 Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;7.566 | &nbsp;&nbsp;10-16-28 |  | 98972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92068 |
| **Energy 0.1%** | **Energy 0.1%** | **Energy 0.1%** | **Energy 0.1%** | **Energy 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169547 |
| **Oil, gas and consumable fuels 0.1%** | **Oil, gas and consumable fuels 0.1%** | **Oil, gas and consumable fuels 0.1%** | **Oil, gas and consumable fuels 0.1%** | **Oil, gas and consumable fuels 0.1%** | **Oil, gas and consumable fuels 0.1%** |
| CD&R Firefly Bidco PLC, 2025 GBP Term Loan (3 month SONIA + 4.750%) | &nbsp;&nbsp;8.719 | &nbsp;&nbsp;04-29-29 | &nbsp;&nbsp;GBP | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169547 |
| **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240737 |
| **Building products 0.1%** | **Building products 0.1%** | **Building products 0.1%** | **Building products 0.1%** | **Building products 0.1%** | **Building products 0.1%** |
| LBM Acquisition LLC, 2024 Incremental Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;7.584 | &nbsp;&nbsp;06-06-31 |  | 98995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92694 |
| **Electrical equipment 0.1%** | **Electrical equipment 0.1%** | **Electrical equipment 0.1%** | **Electrical equipment 0.1%** | **Electrical equipment 0.1%** | **Electrical equipment 0.1%** |
| TK Elevator Midco GmbH, 2025 EUR Term Loan B1 (6 month EURIBOR + 3.000%) | &nbsp;&nbsp;5.121 | &nbsp;&nbsp;04-30-30 | &nbsp;&nbsp;EUR | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148043 |
| **Information technology 0.1%** | **Information technology 0.1%** | **Information technology 0.1%** | **Information technology 0.1%** | **Information technology 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100375 |
| **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** | **Semiconductors and semiconductor equipment 0.1%** |
| Qnity Electronics, Inc., Term Loan B (6 month CME Term SOFR + 2.000%) | &nbsp;&nbsp;5.804 | &nbsp;&nbsp;11-01-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100375 |
| **Collateralized mortgage obligations 13.5%** | **Collateralized mortgage obligations 13.5%** |  |  |  | **$19862537** |
| (Cost $19,926,544) |  |  |  |  |  |
| **Commercial and residential 10.0%** | **Commercial and residential 10.0%** | **Commercial and residential 10.0%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**14689838** |
| Angel Oak Mortgage Trust | Angel Oak Mortgage Trust | Angel Oak Mortgage Trust | Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2, Class M1 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-67 |  | &nbsp;&nbsp;&nbsp;&nbsp;345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281144 |
| ARZ Trust | ARZ Trust | ARZ Trust | ARZ Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-BILT, Class F (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-11-39 |  | &nbsp;&nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283619 |
| BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust | BAMLL Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-BPR, Class CNM (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-05-32 |  | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-BPR, Class DNM (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-05-32 |  | &nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132569 |
| Barclays Mortgage Trust | Barclays Mortgage Trust | Barclays Mortgage Trust | Barclays Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-RPL1, Class B (4.250% to 2-25-26, then 7.250% to 2-25-27, then 8.250% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-28 |  | &nbsp;&nbsp;&nbsp;&nbsp;570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566588 |
| BMIR, Ltd. | BMIR, Ltd. | BMIR, Ltd. | BMIR, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1, Class M1C (30 day Average SOFR + 3.250%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-35 |  | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362168 |
| BX Trust | BX Trust | BX Trust | BX Trust |  |  |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-DELC, Class F (1 month CME Term SOFR + 3.950%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$285356 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-GW, Class E (1 month CME Term SOFR + 3.650%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231284 |
| Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC19, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-10-48 | &nbsp;&nbsp;&nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139877 |
| Commercial Mortgage Trust (Deutsche Bank AG) | Commercial Mortgage Trust (Deutsche Bank AG) | Commercial Mortgage Trust (Deutsche Bank AG) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-LC19, Class E (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-10-48 | &nbsp;&nbsp;&nbsp;&nbsp;162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-CBM, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-10-41 | &nbsp;&nbsp;&nbsp;&nbsp;540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560422 |
| CSMC Trust | CSMC Trust | CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM1, Class B1 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417902 |
| Extended Stay America Trust | Extended Stay America Trust | Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-ESH, Class F (1 month CME Term SOFR + 4.100%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247142 |
| HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-T53, Class E (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-10-39 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309512 |
| Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM4, Class B2 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242798 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM1, Class B1 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM3, Class B2 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-67 | &nbsp;&nbsp;&nbsp;&nbsp;390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328235 |
| JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C22, Class C (H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-47 | &nbsp;&nbsp;&nbsp;&nbsp;565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531083 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-C23, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-47 | &nbsp;&nbsp;&nbsp;&nbsp;166320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-C28, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-48 | &nbsp;&nbsp;&nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-C2, Class B (H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-49 | &nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103999 |
| MAD Commercial Mortgage Trust | MAD Commercial Mortgage Trust | MAD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-11MD, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136680 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C9, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-46 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277066 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-C9, Class E (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-15-46 | &nbsp;&nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113247 |
| NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-3BP, Class E (1 month CME Term SOFR + 3.540%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311165 |
| Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-NPL6, Class A2 (8.716% to 10-25-28, then 12.716% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-54 | &nbsp;&nbsp;&nbsp;&nbsp;260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL10, Class A2 (7.264% to 9-25-29, then 11.264% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224833 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL11, Class A2 (7.021% to 9-25-29, then 11.021% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL12, Class A2 (6.900% to 10-25-29, then 10.900% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168072 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL13, Class A2 (6.778% to 11-25-29, then 10.778% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$138129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL14, Class A2 (6.779% to 12-25-28, then 10.779% thereafter) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL2, Class A2 (8.232% to 2-25-29, then 12.232% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL3, Class A2 (8.836% to 4-25-29, then 12.836% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL5, Class A2 (8.715% to 5-25-29, then 12.715% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL6, Class A2 (8.715% to 6-25-29, then 12.715% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-NPL7, Class A2 (8.354% to 7-25-29, then 12.354% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-25-55 | &nbsp;&nbsp;&nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-RPL3, Class M1 (4.150% to 5-1-29, then 5.150% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-65 | &nbsp;&nbsp;&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-RPL6, Class A2 (3.850% to 11-1-29, then 4.850% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-69 | &nbsp;&nbsp;&nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228128 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-RPL6, Class M2 (3.850% to 11-1-29, then 4.850% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-25-69 | &nbsp;&nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300733 |
| PRPM LLC | PRPM LLC | PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-7, Class A2 (8.835% to 11-25-27, then 11.835% to 11-25-28, then 12.835% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-29 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-8, Class A2 (8.836% to 12-25-27, then 11.836% to 12-25-28, then 12.836% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-29 | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401077 |
| RCO X Mortgage LLC | RCO X Mortgage LLC | RCO X Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1, Class A2 (8.353% to 1-25-28, then 12.353% to 1-25-29, then 13.353% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-30 | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403690 |
| RFR Trust | RFR Trust | RFR Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-SGRM, Class E (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-11-41 | &nbsp;&nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219835 |
| ROCK Trust | ROCK Trust | ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-CNTR, Class E (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-13-41 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532039 |
| SG Residential Mortgage Trust | SG Residential Mortgage Trust | SG Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1, Class B2 (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-27-62 | &nbsp;&nbsp;&nbsp;&nbsp;850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611586 |
| TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust | TEXAS Commercial Mortgage Trust |  |  |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial and residential (continued)** | **Commercial and residential (continued)** | **Commercial and residential (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-TWR, Class D (1 month CME Term SOFR + 3.091%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$255317 |
| WBRK Mortgage Trust | WBRK Mortgage Trust | WBRK Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-WBRK, Class E (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-05-35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320528 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-C37, Class D (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-15-49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652979 |
| Worldwide Plaza Trust | Worldwide Plaza Trust | Worldwide Plaza Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-WWP, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-10-36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239971 |
| X-Caliber Funding LLC | X-Caliber Funding LLC | X-Caliber Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-VFN1, Class A (1 month CME Term SOFR + 2.975%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-01-27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100360 |
| **U.S. Government Agency 3.5%** | **U.S. Government Agency 3.5%** | **U.S. Government Agency 3.5%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**5172699** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-MN3, Class B1 (30 day Average SOFR + 6.850%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11-25-51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529487 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DNA1, Class B2 (30 day Average SOFR + 7.100%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342131 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-MN6, Class B1 (30 day Average SOFR + 9.250%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-MN8, Class M2 (30 day Average SOFR + 4.250%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K759, Class X3 IO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-57 | &nbsp;&nbsp;&nbsp;&nbsp;1875891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493543 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R01, Class 1B2 (30 day Average SOFR + 6.000%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10-25-41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R01, Class 1B2 (30 day Average SOFR + 6.000%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-25-41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R04, Class 1B2 (30 day Average SOFR + 9.500%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R05, Class 2B2 (30 day Average SOFR + 7.000%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-R06, Class 1B2 (30 day Average SOFR + 10.600%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557732 |
| **Asset-backed securities 5.1%** |  |  |  | &nbsp;&nbsp;**$7475029** |
| (Cost $7,533,047) |  |  |  |  |
| **Asset-backed securities 5.1%** | **Asset-backed securities 5.1%** | **Asset-backed securities 5.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**7475029** |
| Affirm Asset Securitization Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-B, Class E (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855047 |
| AGL CLO 16, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-16A, Class ER (3 month CME Term SOFR + 4.650%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-20-35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456060 |
| Ally Bank Auto Credit-Linked Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-B, Class E (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;09-15-33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233090 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset-backed securities (continued)** | **Asset-backed securities (continued)** | **Asset-backed securities (continued)** |  |  |
| Avid Automobile Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1, Class A (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;453684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$453684 |
| Avis Budget Rental Car Funding AESOP LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-20-28 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-4A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-20-29 | &nbsp;&nbsp;&nbsp;&nbsp;130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-5A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-20-28 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101672 |
| Bain Capital Credit CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2A, Class ER (3 month CME Term SOFR + 6.872%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-19-34 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483037 |
| Carlyle Global Market Strategies CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-1A, Class DR3 (3 month CME Term SOFR + 6.250%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-20-34 | &nbsp;&nbsp;&nbsp;&nbsp;570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548358 |
| ECAF I, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-1A, Class A2 (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-40 | &nbsp;&nbsp;&nbsp;&nbsp;390518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362206 |
| Exeter Select Automobile Receivables Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2, Class E (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-33 | &nbsp;&nbsp;&nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210132 |
| Hertz Vehicle Financing III LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3A, Class D (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-25-28 | &nbsp;&nbsp;&nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512185 |
| Magnetite XlV, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-45A, Class SUB (B)(H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-15-38 | &nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188987 |
| Palmer Square CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class DR (3 month CME Term SOFR + 6.940%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-18-37 | &nbsp;&nbsp;&nbsp;&nbsp;275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271366 |
| Rad CLO 12, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-12A, Class DR (3 month CME Term SOFR + 6.650%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-30-40 | &nbsp;&nbsp;&nbsp;&nbsp;555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554913 |
| RCO IX Mortgage LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2, Class A2 (9.127% to 4-25-28, then 12.127% to 4-25-29, then 13.127% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-25-30 | &nbsp;&nbsp;&nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206146 |
| Santander Bank Auto Credit-Linked Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A, Class F (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-15-32 | &nbsp;&nbsp;&nbsp;&nbsp;524454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540871 |
| Sunnova Helios IV Issuer LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-AA, Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06-20-47 | &nbsp;&nbsp;&nbsp;&nbsp;214637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190410 |
| THL Credit Wind River CLO, Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1A, Class DR (3 month CME Term SOFR + 3.982%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04-18-36 | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400589 |
| Tricon Residential Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-SFR1, Class E (1 month CME Term SOFR + 2.500%) (B)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03-17-42 | &nbsp;&nbsp;&nbsp;&nbsp;140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139999 |

---

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

------

[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Asset-backed securities (continued)** | **Asset-backed securities (continued)** | **Asset-backed securities (continued)** |  |  |
| VOLT CVI LLC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NP12, Class A2 (5.438% to 12-25-25, then 9.438% thereafter) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12-26-51 | &nbsp;&nbsp;&nbsp;&nbsp;530271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$531496 |

---

---

| | | |
|:---|:---|:---|
|  | **Par value^** | &nbsp;&nbsp;**Value** |
| **Escrow certificates 0.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$0** |
| (Cost $194) |  |  |
| Texas Competitive Electric Holdings Company LLC (A)(C) | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Short-term investments 2.4%** |  | &nbsp;&nbsp;**$3500000** |
| (Cost $3,500,000) |  |  |
| **Repurchase agreement 2.4%** |  | &nbsp;&nbsp;&nbsp;&nbsp;**3500000** |
| Goldman Sachs Tri-Party Repurchase Agreement dated 12-31-25 at 3.820% to be repurchased at $3,500,743 on 1-2-26, collateralized by $594,256 Federal Home Loan Mortgage Corp., 4.500% - 6.000% due 2-1-38 to 2-1-39 (valued at $609,012), $40,207 Federal National Mortgage Association, 3.000% - 3.500% due 2-1-28 to 7-1-29 (valued at $39,806) and $3,432,511 Government National Mortgage Association, 2.000% - 3.000% due 12-20-51 to 5-20-52 (valued at $2,921,183) | &nbsp;&nbsp;3500000 | &nbsp;&nbsp;&nbsp;&nbsp;3500000 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $140,471,168) 98.2%** | &nbsp;&nbsp;**$144436733** |
| **Other assets and liabilities, net 1.8%** | &nbsp;&nbsp;&nbsp;&nbsp;**2657025** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$147093758** |

---

---

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

---

---

| | |
|:---|:---|
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| ADR | American Depositary Receipt |
| CME | CME Group Published Rates |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| GDR | Global Depositary Receipt |
| ICE | Intercontinental Exchange |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| PIK | Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate. |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Interbank Average Rate |
| (A) | Non-income producing security. |

---

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

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(B) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A
securities amounted to $40,712,369 or 27.7% of the fund's net assets as of 12-31-25.

(C) 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.

(D) Variable rate obligation. The coupon rate shown represents the rate at period end.

(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

(F) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.

(G) Term loans are variable rate obligations. The rate shown represents the rate at period end.

(H) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate
shown is the current rate as of period end.

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#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;**Position** | &nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| 2-Year U.S. Treasury Note Futures | &nbsp;&nbsp;14 | &nbsp;&nbsp;Long | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;$2924815 | &nbsp;&nbsp;$2923047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1768) |
| 5-Year U.S. Treasury Note Futures | &nbsp;&nbsp;10 | &nbsp;&nbsp;Long | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;1097409 | &nbsp;&nbsp;&nbsp;&nbsp;1093047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4362) |
| S&P 500 E-Mini Index Futures | &nbsp;&nbsp;34 | &nbsp;&nbsp;Long | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;11843526 | &nbsp;&nbsp;11717251 | &nbsp;&nbsp;&nbsp;&nbsp;(126275) |
| U.S. Treasury Long Bond Futures | &nbsp;&nbsp;1 | &nbsp;&nbsp;Long | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1577) |
| Ultra 10-Year U.S. Treasury Note Futures | &nbsp;&nbsp;2 | &nbsp;&nbsp;Long | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(284) |
| Euro SCHATZ Futures | &nbsp;&nbsp;2 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(251332) | &nbsp;&nbsp;&nbsp;&nbsp;(250999) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333 |
| Euro STOXX 50 Index Futures | &nbsp;&nbsp;25 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;(1693542) | &nbsp;&nbsp;&nbsp;(1716086) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22544) |
| German Euro BOBL Futures | &nbsp;&nbsp;7 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(959933) | &nbsp;&nbsp;&nbsp;&nbsp;(955579) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4354 |
| German Euro BUND Futures | &nbsp;&nbsp;3 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(453530) | &nbsp;&nbsp;&nbsp;&nbsp;(449761) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3769 |
| MSCI EAFE Index Futures | &nbsp;&nbsp;9 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;(1305547) | &nbsp;&nbsp;&nbsp;(1305945) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(398) |
| MSCI Emerging Markets Index Futures | &nbsp;&nbsp;42 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;(2925641) | &nbsp;&nbsp;&nbsp;(2963940) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38299) |
| TOPIX Index Futures | &nbsp;&nbsp;8 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;(1734603) | &nbsp;&nbsp;&nbsp;(1743361) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8758) |
| U.K. Long Gilt Bond Futures | &nbsp;&nbsp;3 | &nbsp;&nbsp;Short | &nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;(367379) | &nbsp;&nbsp;&nbsp;&nbsp;(369487) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2108) |
|  |  |  |  |  |  | &nbsp;&nbsp;**$(197917)** |

---

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

#### FORWARD FOREIGN CURRENCY CONTRACTS

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract to buy** | **Contract to buy** | **Contract to sell** | **Contract to sell** | **Counterparty (OTC)** | **Contractual<br> settlement<br> date** | **Unrealized<br> appreciation** | **Unrealized<br> depreciation** |
| EUR | 7656300 | USD | &nbsp;&nbsp;&nbsp;&nbsp;8978016 | DB | 1/7/2026 | &nbsp;&nbsp;$20520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| EUR | &nbsp;&nbsp;&nbsp;101000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117553 | SCB | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;1154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| GBP | 1642400 | USD | &nbsp;&nbsp;&nbsp;&nbsp;2220471 | GSI | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(6601) |
| USD | 1725914 | AUD | &nbsp;&nbsp;&nbsp;&nbsp;2590000 | MSI | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2666) |
| USD | 8958115 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;7757300 | GSI | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(159129) |
| USD | 8866162 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;7552300 | DB | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19817) |
| USD | 5071588 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;4314000 | DB | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15320) |
| USD | 2142710 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;1642400 | GSI | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(71161) |
| USD | 2220432 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;1642400 | GSI | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;6628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | 3135688 | JPY | 484800000 | SCB | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;21475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | **$49777** | **$(274694)** |

---

#### SWAPS

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** | **Credit default swaps - Buyer** |
| **Counterparty<br> (OTC)/<br> Centrally<br> cleared** | **Reference<br> obligation** | **Notional<br> amount** | **Currency** | **USD<br> notional<br> amount** | **Pay<br> fixed<br> rate** | **Fixed<br> payment<br> frequency** | **Maturity<br> date** | **Unamortized<br> upfront<br> payment<br> paid<br> (received)** | **Unrealized<br> appreciation<br> (depreciation)** | **Value** |
| Centrally cleared | HSBC Holdings PLC | 250000 | EUR | &nbsp;&nbsp;&nbsp;$294987 | 1.000% | Quarterly | Dec 2030 | &nbsp;&nbsp;$(1643) | &nbsp;&nbsp;$(826) | &nbsp;&nbsp;$(2469) |
| Centrally cleared | Oracle Corp. | 300000 | USD | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 1.000% | Quarterly | Dec 2030 | &nbsp;&nbsp;&nbsp;&nbsp;(5258) | &nbsp;&nbsp;&nbsp;10868 | &nbsp;&nbsp;&nbsp;&nbsp;5610 |

---

32 JOHN HANCOCK DIVERSIFIED INCOME FUND \| ANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS

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---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** | **Credit default swaps - Buyer (continued)** |
| **Counterparty<br> (OTC)/<br> Centrally<br> cleared** | **Reference<br> obligation** | **Notional<br> amount** | **Currency** | **USD<br> notional<br> amount** | **Pay<br> fixed<br> rate** | **Fixed<br> payment<br> frequency** | **Maturity<br> date** | **Unamortized<br> upfront<br> payment<br> paid<br> (received)** | **Unrealized<br> appreciation<br> (depreciation)**  | **Value** |
| Centrally cleared | Stellantis NV | 225000 | EUR | &nbsp;&nbsp;&nbsp;$263098 | 5.000% | Quarterly | Dec 2030 | $(38852) | $(5237) | $(44089) |
| Centrally cleared | Volkswagen AG | 250000 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;294987 | 1.000% | Quarterly | Dec 2030 | &nbsp;&nbsp;&nbsp;&nbsp;1076 | &nbsp;&nbsp;&nbsp;(2507) | &nbsp;&nbsp;&nbsp;&nbsp;(1431) |
|  |  |  |  | **$1153072** |  |  |  | **$(44677)** | **$2298** | **$(42379)** |

---

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| AUD | Australian Dollar |
| EUR | Euro |
| GBP | Pound Sterling |
| JPY | Japanese Yen |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| DB | Deutsche Bank AG |
| GSI | Goldman Sachs International |
| MSI | Morgan Stanley & Co. International PLC |
| OTC | Over-the-counter |
| SCB | Standard Chartered Bank |

---

At 12-31-25, the aggregate cost of investments for federal income tax purposes was $140,247,036. Net unrealized appreciation aggregated to $3,724,484, of which $8,487,236 related to gross unrealized appreciation and $4,762,752 related to gross unrealized depreciation.

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

SEE NOTES TO FINANCIAL STATEMENTS ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 33

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Financial statements

#### STATEMENT OF ASSETS AND LIABILITIES 12-31-25

------

---

| | |
|:---|:---|
| **Assets** |  |
| Unaffiliated investments, at value (Cost $140,471,168) | &nbsp;&nbsp;&nbsp;&nbsp;$144436733 |
| Receivable for centrally cleared swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26000 |
| Unrealized appreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49777 |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55526 |
| Foreign currency, at value (Cost $236,523) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236706 |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1234637 |
| Collateral segregated at custodian for OTC derivative contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220000 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262678 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**147527058** |
| **Liabilities** |  |
| Unrealized depreciation on forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274694 |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77189 |
| Payable to affiliates |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6991 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73977 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**433300** |
| **Net assets** | &nbsp;&nbsp;**$147093758** |
| **Net assets consist of** |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$149825044 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2731286) |
| **Net assets** | &nbsp;&nbsp;**$147093758** |
| **Net asset value per share** |  |
| Based on 12,058,852 shares of beneficial interest outstanding - unlimited number of shares authorized with $0.01 par value | &nbsp;&nbsp;$12.20 |

---

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

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#### STATEMENT OF OPERATIONS For the year ended 12-31-25

------

---

| | |
|:---|:---|
| **Investment income** |  |
| Dividends | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6474582 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3402241 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(546635) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9330188** |
| **Expenses** |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1369838 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27848 |
| Transfer agent fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17724 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50560 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73632 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42840 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268121 |
| Stock exchange listing fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26250 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23546 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1900359** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12509) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1887850** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7442338** |
| **Realized and unrealized gain (loss)** |  |
| **Net realized gain (loss) on** |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5732612 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(663449) |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1045342) |
| Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6167) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4017654** |
| **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;8606759 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(311901) |
| Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(923729) |
| Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7373427** |
| **Net realized and unrealized gain** | &nbsp;&nbsp;&nbsp;&nbsp;**11391081** |
| **Increase in net assets from operations** | &nbsp;&nbsp;**$18833419** |

---

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

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#### STATEMENTS OF CHANGES IN NET ASSETS

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Year ended<br> 12-31-25** | &nbsp;&nbsp;**Year ended<br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |
| **From operations** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7442338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6339952 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4017654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10638212 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7373427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4689141) |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;**18833419** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12289023** |
| **Distributions to shareholders** |  |  |
| From earnings | &nbsp;&nbsp;&nbsp;&nbsp;(6059298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9376069) |
| From tax return of capital | &nbsp;&nbsp;&nbsp;&nbsp;(6025729) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2737801) |
| **Total distributions** | &nbsp;&nbsp;**(12085027)** | &nbsp;&nbsp;&nbsp;&nbsp;**(12113870)** |
| **Fund share transactions** |  |  |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(385393) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(580292) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**6362999** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(405139)** |
| **Net assets** |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;140730759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141135898 |
| **End of year** | **$147093758** | &nbsp;&nbsp;**$140730759** |
| **Share activity** |  |  |
| **Shares outstanding** |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;12093752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12151242 |
| Shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34900) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57490) |
| **End of year** | &nbsp;&nbsp;&nbsp;**12058852** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12093752** |

---

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

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Financial highlights

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Period ended** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12-31-23** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12-31-22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12-31-21** |
| **Per share operating performance** |  |  |  |  |  |
| **Net asset value, beginning of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.64** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.61** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$13.04** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$12.76** |
| Net investment income<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.53 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.71) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.91 |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.56** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.02** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**0.95** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.15)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.44** |
| **Less distributions** |  |  |  |  |  |
| From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.77) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.76) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.62) |
| From tax return of capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.50) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.40) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.54) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.00)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.00)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.08)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.16)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1.16)** |
| Anti-dilutive impact of repurchase plan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;—<sup>2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.01<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$12.20** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.64** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.61** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.73** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$13.04** |
| **Per share market value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.75** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.21** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10.05** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$11.50** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$13.00** |
| **Total return at net asset value (%)<sup>4,5</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.03** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.14** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.53** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(0.96)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.69** |
| **Total return at market value (%)<sup>4</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.56** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.61** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3.21)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2.68)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24.20** |
| **Ratios and supplemental data** |  |  |  |  |  |
| Net assets, end of period (in millions) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$159 |
| Ratios (as a percentage of average net assets): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Expenses before reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17 |
| &nbsp;&nbsp;&nbsp;Expenses including reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.16 |
| &nbsp;&nbsp;&nbsp;Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.98 |
| Portfolio turnover (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120 |

---

<sup>1</sup> Based on average daily shares outstanding.

<sup>2</sup> Less than $0.005 per share.

<sup>3</sup> The repurchase plan was completed at an average repurchase price of $11.04 for 34,900, $10.09 for 57,490 and $9.51 for 87,303 shares for the periods ended 12-31-25, 12-31-24 and 12-31-23, respectively.

<sup>4</sup> Total return based on net asset value reflects changes in the fund's net asset value during each period. Total return based on market value reflects changes in market value. Each figure assumes that distributions from income, capital gains and tax return of capital, if any, were reinvested.

<sup>5</sup> Total returns would have been lower had certain expenses not been reduced during the applicable periods.

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

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Notes to financial statements

#### Note 1 — Organization
John Hancock Diversified Income Fund (Formerly John Hancock Hedged Equity & Income Fund) (the fund) is a closed-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act).

Prior to February 10, 2025, John Hancock Diversified Income Fund was known as John Hancock Hedged Equity & Income Fund.

#### Note 2 — Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

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

In order to value the securities, the fund uses the following valuation techniques: 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. Futures contracts are typically valued based on the settlement price. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

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

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 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,

38 JOHN HANCOCK Diversified Income Fund \| ANNUAL REPORT

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

The following is a summary of the values by input classification of the fund's investments as of December 31, 2025, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 12-31-25** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| **Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$3274568** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2793298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$481270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4312355** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1505388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2806967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5819982** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4279621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1540361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6169817** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4861625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1308192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19751187** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8928842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10822345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8809891** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6515140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2294751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5963438** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2054722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3908716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13929814** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9431547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4498267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4273361** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1305880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2967481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4834015** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2260843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2573172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6994002** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3607924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Preferred securities** | **1429640** |  | 1429640 |  |
| **Foreign government obligations** | **1126058** |  | 1126058 |  |
| **Corporate bonds** | **25718202** |  | 25718202 |  |
| **Convertible bonds** | **590110** |  | 590110 |  |
| **Term loans** | **602727** |  | 602727 |  |
| **Collateralized mortgage obligations** | **19862537** |  | 19572538 | $289999 |
| **Asset-backed securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7475029** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7021345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453684 |

---

ANNUAL REPORT \| JOHN HANCOCK Diversified Income Fund 39

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 12-31-25** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Escrow certificates** | **—** |  |  |  |
| **Short-term investments** | **$3500000** |  | $3500000 |  |
| **Total investments in securities** | **$144436733** | **$47544830** | **$96148220** | **$743683** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| Futures | **$8456** | $8456 |  |  |
| Forward foreign currency contracts | **49777** |  | $49777 |  |
| Swap contracts | **5610** |  | 5610 |  |
| **Liabilities** |  |  |  |  |
| Futures | **(206373)** | (206373) |  |  |
| Forward foreign currency contracts | **(274694)** |  | (274694) |  |
| Swap contracts | **(47989)** |  | (47989) |  |
| *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* | *Level 3 includes securities valued at $0. Refer to Fund's investments.* |

---

**Repurchase agreements. The fund may enter into repurchase agreements. When the fund enters into a repurchase agreement, it receives collateral that is held in a segregated account by the fund's custodian, or for tri-party repurchase agreements, collateral is held at a third-party custodian bank in a segregated account for the benefit of the fund. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by the fund for repurchase agreements is disclosed in the Fund's investments as part of the caption related to the repurchase agreement.**

Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset in the Statement of assets and liabilities. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay claims resulting from close-out of the transactions.

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

40 JOHN HANCOCK Diversified Income Fund \| ANNUAL REPORT

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

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

**Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a tax return of capital and/or capital gain, if any, are recorded as a reduction of cost of investments and/or as a realized gain, if amounts are estimable. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.**

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

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

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

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

ANNUAL REPORT \| JOHN HANCOCK Diversified Income Fund 41

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

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

For federal income tax purposes, as of December 31, 2025, the fund has a short-term capital loss carryforward of $6,479,148 available to offset future net realized capital gains. This carryforward does not expire.

As of December 31, 2025, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

**Managed distribution plan. The fund has adopted a managed distribution plan (Plan). Under the current plan, the fund makes quarterly distributions of an amount equal to $0.2500 per share, which will be paid quarterly until further notice.**

Distributions under the Plan may consist of net investment income, net realized capital gains and, to the extent necessary, return of capital. Return of capital distributions may be necessary when the fund's net investment income and net capital gains are insufficient to meet the minimum distribution. In addition, the fund may also make additional distributions for the purpose of not incurring federal income and excise taxes.

The Board of Trustees may terminate or reduce the amount paid under the Plan at any time. The termination or reduction may have an adverse effect on the market price of the fund's shares.

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

The tax character of distributions for the years ended December 31, 2025 and 2024 was as follows:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;&nbsp;**December 31, 2024** |
| Ordinary income | &nbsp;&nbsp;&nbsp;&nbsp;$6059298 | &nbsp;&nbsp;&nbsp;&nbsp;$9376069 |
| Return of capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6025729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2737801 |
| **Total** | &nbsp;&nbsp;**$12085027** | &nbsp;&nbsp;**$12113870** |

---

As of December 31, 2025, there were no distributable earnings on a tax basis.

Such distributions and distributable earnings, on a tax basis, if any, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences at fiscal year end. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to foreign currency transactions, investments in passive foreign investment companies, derivative transactions, and wash sale loss deferrals.

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

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

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

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

Centrally-cleared swap contracts are subject to clearinghouse rules, including initial and variation margin requirements, daily settlement of obligations and the clearinghouse guarantee of payments to the broker. There is, however, still counterparty risk due to the potential insolvency of the broker with respect to any margin held in the brokers' customer accounts. While clearing members are required to segregate customer assets from their own assets, in the event of insolvency, there may be a shortfall in the amount of margin held by the broker for its clients. Collateral or margin requirements for centrally-cleared derivatives are set by the broker or applicable clearinghouse. Margin for centrally-cleared transactions is included in Receivable/Payable for centrally-cleared swaps in the Statement of assets and liabilities. Securities pledged by the fund for centrally-cleared transactions, if any, are identified in the Fund's investments.

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

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of short futures contracts subjects the fund to unlimited risk of loss.

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

During the year ended December 31, 2025, the fund used futures contracts to manage duration of the portfolio, manage against changes in interest rates, gain exposure to certain bond markets, manage against changes in certain securities markets, and to gain exposure to certain securities markets. The fund held futures contracts with USD notional values ranging from $14.4 million to $39.8 million, as measured at each quarter end.

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

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

During the year ended December 31, 2025, the fund used forward foreign currency contracts to manage against changes in foreign currency exchange rates and to gain exposure to foreign currencies. The fund held forward foreign currency contracts with USD notional values ranging from $25.7 million to $43.4 million, as measured at each quarter end.

**Swaps. Swap agreements are agreements between the fund and a counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the OTC market (OTC swaps) or may be executed on a registered commodities exchange (centrally cleared swaps). Swaps are marked-to-market daily and the change in value is recorded as a component of unrealized appreciation/depreciation of swap contracts. The value of the swap will typically impose collateral posting obligations on the party that is considered out-of-the-money on the swap.** 

Upfront payments made/received by the fund, if any, are amortized/accreted for financial reporting purposes, with the unamortized/unaccreted portion included in the Statement of assets and liabilities. A termination payment by the counterparty or the fund is recorded as realized gain or loss, as well as the net periodic payments received or paid by the fund.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk that may provide outcomes that produce losses in excess of the amounts recognized on the Statement of assets and liabilities. Such risks involve the possibility that there will be no liquid market for the swap, or that a counterparty may default on its obligation or delay payment under the swap terms. The counterparty may disagree

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or contest the terms of the swap. In addition to interest rate risk, market risks may also impact the swap. The fund may also suffer losses if it is unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

**Credit default swaps. Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by the Buyer), for protection against the loss in value of an underlying debt instrument, referenced entity or index, in the event of a defined credit event (such as payment default or bankruptcy). Under the terms of the swap, one party acts as a "guarantor" (the Seller), receiving the premium and agreeing to contingent payments that are specified within the credit default agreement. The fund may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the fund may incur economic leverage since it would be obligated to pay the Buyer the notional amount of the contract in the event of a default. The amount of loss in such case could be significant, but would typically be reduced by any recovery value on the underlying credit.**

#### Credit default swaps — Buyer
During the year ended December 31, 2025, the fund used credit default swap contracts as the buyer to manage against potential credit events. The fund held credit default swaps with total USD notional amounts ranging up to $1.2 million, as measured at each quarter end.

#### Fair value of derivative instruments by risk category
The table below summarizes the fair value of derivatives held by the fund at December 31, 2025 by risk category:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Risk** | &nbsp;&nbsp;**Statement of assets<br> and liabilities<br> location** | &nbsp;&nbsp;**Financial<br> instruments<br> location** | &nbsp;&nbsp;**Assets<br> derivatives<br> fair value** | &nbsp;&nbsp;**Liabilities<br> derivatives<br> fair value** |
| Interest rate | Receivable/payable for futures variation margin<sup>1</sup> | Futures | &nbsp;&nbsp;&nbsp;&nbsp;$8456 | &nbsp;&nbsp;&nbsp;&nbsp;$(10099) |
| Equity | Receivable/payable for futures variation margin<sup>1</sup> | Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(196274) |
| Currency | Unrealized appreciation (depreciation) on forward foreign currency contracts | Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;49777 | &nbsp;&nbsp;&nbsp;&nbsp;(274694) |
| Credit | Swap contracts, at value<sup>2</sup> | Credit default swaps | &nbsp;&nbsp;&nbsp;&nbsp;5610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47989) |
|  |  |  | **$63843** | **$(529056)** |

---

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

<sup>2</sup> Reflects cumulative value of swap contracts. Receivable/payable for centrally cleared swaps, which includes value and margin, are shown separately on the Statement of assets and liabilities.

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

#### Effect of derivative instruments on the Statement of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;$27084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27084 |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$(1045342) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(1045342) |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Net realized gain (loss) on:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(6167) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(6167) |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp;$(690533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(690533) |
| **Total** | &nbsp;&nbsp;&nbsp;**$(663449)** | &nbsp;&nbsp;&nbsp;**$(1045342)** | &nbsp;&nbsp;&nbsp;**$(6167)** | &nbsp;&nbsp;&nbsp;**$(1714958)** |

---

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statement of operations location - Change in net unrealized appreciation (depreciation) of:** |
| **Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Forward foreign<br> currency contracts** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| Interest rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1643) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1643) |
| Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(923729) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(923729) |
| Credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$2298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2298 |
| Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(310258) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(310258) |
| **Total** | &nbsp;&nbsp;&nbsp;**$(311901)** | &nbsp;&nbsp;&nbsp;**$(923729)** | &nbsp;&nbsp;&nbsp;**$2298** | &nbsp;&nbsp;&nbsp;**$(1233332)** |

---

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

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

**Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to 0.95% of the fund's average daily gross assets. The Advisor has a subadvisory agreement with Wellington Management Company LLP. The fund is not responsible for payment of the subadvisory fees.**

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate managed assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the year ended December 31, 2025, this waiver amounted to 0.01% of the fund's average daily net assets. This agreement expires on July 31, 2027, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The expense reductions described above amounted to $12,509 for the year ended December 31, 2025.

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, 2025, were equivalent to a net annual effective rate of 0.94% of the fund's average daily managed assets.

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**Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred, for the year ended December 31, 2025, amounted to an annual rate of 0.02% of the fund's average daily managed net assets.**

**Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. These Trustees receive from the fund and the other John Hancock closed-end funds an annual retainer. In addition, Trustee out-of-pocket expenses are allocated to each fund based on its net assets relative to other funds within the John Hancock group of funds complex.**

#### Note 6 — Fund share transactions
On December 6, 2011, the Board of Trustees approved a share repurchase plan, which is subsequently reviewed by the Board of Trustees each year in December. Under the current share repurchase plan, the fund may purchase in the open market, between January 1, 2026 and December 31, 2026, up to 10% of its outstanding common shares as of December 31, 2025. The share repurchase plan will remain in effect between January 1, 2026 and December 31, 2026.

During the year ended December 31, 2025 and year ended December 31, 2024, the fund repurchased 0.29% and 0.47% of common shares, respectively. The weighted average discount per share on the repurchases amounted to 10.50% and 13.89% for the year ended December 31, 2025 and year ended December 31, 2024, respectively. Shares repurchased and corresponding dollar amounts are included on the Statements of changes in net assets. The anti-dilutive impacts of these share repurchases are included on the Financial highlights.

#### Note 7 — Leverage risk
The fund utilizes the LA to increase its assets available for investment. When the fund leverages its assets, shareholders bear the expenses associated with the LA and have potential to benefit or be disadvantaged from the use of leverage. The Advisor's fee is also increased in dollar terms from the use of leverage. Consequently, the fund and the Advisor may have differing interests in determining whether to leverage the fund's assets. Leverage creates risks that may adversely affect the return for the holders of shares, including:

• the likelihood of greater volatility of NAV and market price of shares;

• fluctuations in the interest rate paid for the use of the LA;

• increased operating costs, which may reduce the fund's total return;

• the potential for a decline in the value of an investment acquired through leverage, while the fund's obligations under such leverage remains fixed; and

• the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements.

To the extent the income or capital appreciation derived from securities purchased with funds received from leverage exceeds the cost of leverage, the fund's return will be greater than if leverage had not been used; conversely, returns would be lower if the cost of the leverage exceeds the income or capital appreciation derived. The use of securities lending to obtain leverage in the fund's investments may subject the fund to greater risk of loss than would reinvestment of collateral in short term highly rated investments.

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#### Note 8 — Liquidity Agreement
On September 30, 2025, the fund has entered into a LA with State Street Bank and Trust Company (SSB) that allows it to borrow or otherwise access up to $48.0 million (maximum facility amount) through a line of credit, securities lending and reverse repurchase agreements. As of December 31, 2025, the fund had no aggregate balance outstanding under the LA.

The fund pledges its assets as collateral to secure obligations under the LA. The fund retains the risks and rewards of the ownership of assets pledged to secure obligations under the LA and makes these assets available for securities lending and reverse repurchase transactions with SSB acting as the fund's authorized agent for these transactions. All transactions initiated through SSB are required to be secured with cash collateral received from the securities borrower (the Borrower) or cash is received from the reverse repurchase agreement (Reverse Repo) counterparties. Securities lending transactions will be secured with cash collateral in amounts at least equal to 100% of the market value of the securities utilized in these transactions. Cash received by SSB from securities lending or Reverse Repo transactions is credited against the amounts borrowed under the line of credit.

Upon return of securities by the Borrower or Reverse Repo counterparty, SSB will return the cash collateral to the Borrower or proceeds from the Reverse Repo, as applicable, which will eliminate the credit against the line of credit and will cause the drawdowns under the line of credit to increase by the amounts returned. Income earned on the loaned securities is retained by SSB, and any interest due on the reverse repurchase agreements is paid by SSB.

SSB has indemnified the fund for certain losses that may arise if the Borrower or a Reverse Repo Counterparty fails to return securities when due. With respect to securities lending transactions, upon a default of the securities borrower, SSB uses the collateral received from the Borrower to purchase replacement securities of the same issue, type, class and series. If the value of the collateral is less than the purchase cost of replacement securities, SSB is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any of the fund's losses on the reinvested cash collateral. Although the risk of the loss of the securities is mitigated by receiving collateral from the Borrower or proceeds from the Reverse Repo counterparty and through SSB indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the Borrower or Reverse Repo counterparty fails to return the securities on a timely basis.

Interest charged is at the rate of overnight bank funding rate (OBFR) plus 0.700% and is payable monthly on the aggregate balance of the drawdowns outstanding under the LA. During the year ended December 31, 2025, the fund had no draw-down or prepayment outstanding under the LA.

The fund may terminate the LA with 60 days' notice. If certain asset coverage and collateral requirements, or other covenants are not met, the LA could be deemed in default and result in termination. Absent a default or facility termination event, SSB is required to provide the fund with 360 days' notice prior to terminating the LA.

#### Note 9 — Purchase and sale of securities
Purchases and sales of securities, other than short-term investments and U.S. Treasury obligations, amounted to $264,523,480 and $274,084,456, respectively, for the year ended December 31, 2025. Purchases and sales of U.S. Treasury obligations aggregated $723,486 and $736,406, respectively, for the year ended December 31, 2025.

#### Note 10 — Segment reporting
The management committee of the Advisor acts as the fund's chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. The fund represents a single operating segment, as the CODM monitors and assesses the operating results of the fund as a whole, and the fund's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the fund's subadvisor. Segment assets are reflected in the Statement of assets and liabilities as "Total assets", which consists primarily of total

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investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statement of operations, which includes "Increase (decrease) in net assets from operations", Statements of changes in net assets, which includes "Increase (decrease) in net assets from fund share transactions", and Financial highlights, which includes total return and income and expense ratios.

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#### Report of Independent Registered Public Accounting Firm

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#### To the Board of Trustees and Shareholders of John Hancock Diversified Income Fund

#### Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the fund's investments, of John Hancock Diversified Income Fund (the "Fund") as of December 31, 2025, the related statement of operations for the year ended December 31, 2025, the statements of changes in net assets for each of the two years in the period ended December 31, 2025, including the related notes, and the financial highlights for each of the five years in the period ended December 31, 2025 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of December 31, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended December 31, 2025 and the financial highlights for each of the five years in the period ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion
These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's 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 Fund 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, 2025 by correspondence with the custodian, transfer agent, agent banks 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 opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

February 11, 2026

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

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Tax information

(Unaudited)

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended December 31, 2025.

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

The fund 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.

The fund reports the maximum amount allowable as Section 163(j) Interest Dividends.

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

Eligible shareholders will be mailed a 2025 Form 1099-DIV in early 2026. This will reflect the tax character of all distributions paid in calendar year 2025.

#### Please consult a tax advisor regarding the tax consequences of your investment in the fund.
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#### Investment objective, principal investment strategies, and principal risks

------

Unaudited

#### Investment Objective
The fund's investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation.

#### Principal Investment Strategies
Under normal circumstances, the fund will invest at least 25% of its net assets (assets plus borrowings for investment purposes) in equity and equity-related securities and at least 25% in fixed income securities and fixed-income related instruments. Equity and equity-related securities, including common stock, preferred stock, depositary receipts (including American Depositary Receipts and Global Depositary Receipts), index-related securities (including exchange traded funds ("ETFs"), options on equity securities and equity indexes, real estate investment structures (including real estate investment trusts ("REITs")), convertible securities, private placements, convertible preferred stock, rights, warrants, derivatives linked to equity securities or indexes and other similar equity equivalents. The fund may invest in listed and unlisted domestic and foreign equity and equity-related securities or instruments. These equity and equity-related instruments may include equity securities of, or derivatives linked to, foreign issuers and indexes (including emerging market issuers or indexes). The equity portfolio is expected to be broadly diversified, generally fully invested, and seeks to identify opportunities across all market capitalization ranges, industries and sectors required to help achieve the fund's long-term return and income objectives.

Fixed-income securities and fixed-income related instruments may include noninvestmentgrade ("high yield" or "junk bond") instruments. Fixed-income related securities may include, but are not limited to, instruments such as: swaps, futures, forwards, options, mortgages, and bank loans. The fund may invest in foreign issuers and foreign-currency securities without any limitation. The fund may also invest in derivatives such as futures contracts and foreign currency forward contracts.

The manager may also take into consideration environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment selection process. The ESG characteristics utilized in the fund's investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments. Because ESG factors are considered alongside other relevant factors, the manager may determine that an investment is appropriate notwithstanding its relative ESG characteristics.

#### Principal Risks
As is the case with all exchange-listed closed-end funds, shares of this fund may trade at a discount or a premium to the fund's net asset value (NAV). An investment in the fund is subject to investment and market risks, including the possible loss of the entire principal invested.

The fund's main risks are listed below in alphabetical order, not in order of importance.

**Changing distribution level & return of capital risk. There is no guarantee prior distribution levels will be maintained, and distributions may include a substantial tax return of capital. A return of capital is the return of all or a portion of a shareholder's investment in the fund. For the fiscal year ended December 31, 2025, the fund's aggregate distributions included a return of capital of $0.50 per share, or 49.86% of aggregate distributions, which could impact the tax treatment of a subsequent sale of fund shares.**

**Credit and counterparty risk. The issuer or guarantor of a fixed-income security, the counterparty to an over-the-counter derivatives contract, or a borrower of fund securities may not make timely payments or otherwise honor its obligations. A downgrade or default affecting any of the fund's securities could affect the fund's performance.**

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**Economic and market events risk. Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance. Reduced liquidity in credit and fixed-income markets could adversely affect issuers worldwide. Financial institutions could suffer losses as interest rates rise or economic conditions deteriorate.**

**Equity securities risk. The price of equity securities may decline due to changes in a company's financial condition or overall market conditions. Securities the manager believes are undervalued may never realize their full potential value, and in certain markets value stocks may underperform the market as a whole.**

**ESG integration risk. The manager considers ESG factors that it deems relevant or additive, along with other material factors and analysis, when managing the fund. The portion of the fund's investments for which the manager considers these ESG factors may vary, and could increase or decrease over time. In certain situations, the extent to which these ESG factors may be applied according to the manager's integrated investment process may not include U.S. Treasuries, government securities, or other asset classes. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. Integration of ESG factors into the fund's investment strategy does not preclude the fund from including companies with low ESG scores or excluding companies with high ESG scores in the fund's investments. Incorporating ESG criteria and making investment decisions based on certain ESG characteristics, as determined by the Advisor, carries the risk that the fund may perform differently, including underperforming funds that do not utilize ESG criteria or funds that utilize different ESG criteria. Integration of ESG factors into the fund's investment process may result in a manager making different investments for the fund than for a fund with a similar investment universe and/or investment style that does not incorporate such considerations in its investment strategy or processes, and the fund's investment performance may be affected. Because ESG factors are one of many considerations for the fund, the manager may nonetheless include companies with low ESG characteristics or exclude companies with high ESG characteristics in the fund's investments.**

**Exchange-traded funds (ETFs) risk. The risks of owning shares of an ETF include the risks of owning the underlying securities the ETF holds. Lack of liquidity in an ETF could result in the ETF being more volatile than its underlying securities. An ETF's shares could trade at a significant premium or discount to its NAV. A fund bears ETF fees and expenses indirectly.**

**Fixed-income securities risk. A rise in interest rates typically causes bond prices to fall. The longer the average maturity or duration of the bonds held by a fund, the more sensitive it will likely be to interest-rate fluctuations. An issuer may not make all interest payment or repay all or any of the principal borrowed. Changes in a security's credit quality may adversely affect fund performance. Additionally, the value of inflation-indexed securities is subject to the effects of changes in market interest rates caused by factors other than inflation ("real interest rates"). Generally, when real interest rates rise, the value of inflation-indexed securities will fall and the fund's value may decline as a result of this exposure to these securities.**

**Foreign securities risk. Less information may be publicly available regarding foreign issuers, including foreign government issuers. Foreign securities may be subject to foreign taxes and may be more volatile than U.S. securities. Currency fluctuations and political and economic developments may adversely impact the value of foreign securities. The risks of investing in foreign securities are magnified in emerging markets. If applicable, depositary receipts are subject to most of the risks associated with investing in foreign securities directly because the value of a depositary receipt is dependent upon the market price of the underlying foreign equity security. Depositary receipts are also subject to liquidity risk.**

**Hedging, derivatives, and other strategic transactions risk. Hedging, derivatives, and other strategic transactions may increase a fund's volatility and could produce disproportionate losses, potentially more than the fund's principal investment. Risks of these transactions are different from and possibly greater than risks of investing directly in securities and other traditional instruments. Under certain market conditions, derivatives could become harder to value or sell and may become subject to liquidity risk (i.e., the inability to enter into closing**

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transactions). Derivatives and other strategic transactions that the fund intends to utilize include: foreign currency forward contracts, futures contracts, options and swaps. Foreign currency forward contracts, futures contracts and, options and swaps. generally are subject to counterparty risk. In addition, swaps may be subject to interest-rate and settlement risk, and the risk of default of the underlying reference obligation. Derivatives associated with foreign currency transactions are subject to currency risk.

**Illiquid and restricted securities risk. Illiquid and restricted securities may be difficult to value and may involve greater risks than liquid securities. Illiquidity may have an adverse impact on a particular security's market price and the fund's ability to sell the security.**

**Large company risk. Larger companies may grow more slowly than smaller companies or be slower to respond to business developments. Large-capitalization securities may underperform the market as a whole.**

**Liquidity risk. The extent (if at all) to which a security may be sold or a derivative position closed without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions, or other economic and market impediments.**

**Lower-rated and high-yield fixed-income securities risk. Lower-rated and high-yield fixed-income securities (junk bonds) are subject to greater credit quality risk, risk of default, and price volatility than higher-rated fixed-income securities, may be considered speculative, and can be difficult to resell.**

**Operational and cybersecurity risk. Cybersecurity breaches may allow an unauthorized party to gain access to fund assets, customer data, or proprietary information, or cause a fund or its service providers to suffer data corruption or lose operational functionality. Similar incidents affecting issuers of a fund's securities may negatively impact performance. Operational risk may arise from human error, error by third parties, communication errors, or technology failures, among other causes.**

**Preferred and convertible securities risk. Preferred stock dividends are payable only if declared by the issuer's board. Preferred stock may be subject to redemption provisions. The market values of convertible securities tend to fall as interest rates rise and rise as interest rates fall. Convertible preferred stock's value can depend heavily upon the underlying common stock's value.**

**Real estate investment trust risk. REITs, pooled investment vehicles that typically invest in real estate directly or in loans collateralized by real estate, carry risks associated with owning real estate, including the potential for a decline in value due to economic or market conditions.**

**Real estate securities risk. Securities of companies in the real estate industry carry risks associated with owning real estate, including the potential for a decline in value due to economic or market conditions.**

**Small and mid-sized company risk. Small and mid-sized companies are generally less established and may be more volatile than larger companies. Small and/or mid-capitalization securities may underperform the market as a whole.**

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#### ADDITIONAL INFORMATION

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Unaudited

The fund is a closed-end, diversified management investment company, common shares of which were initially offered to the public on May 26, 2011 and are publicly traded on the New York Stock Exchange (the NYSE).

#### Dividends and distributions
During the year ended December 31, 2025, distributions from net investment income totaling $0.5014 per share and tax return of capital totaling $0.4986 per share were paid to shareholders. The dates of payments and the amounts per share were as follows:

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| | |
|:---|:---|
| **Payment Date** | &nbsp;&nbsp;&nbsp;**Income Distributions** |
| March 31, 2025 | &nbsp;&nbsp;$0.2500 |
| June 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;0.2500 |
| September 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;0.2500 |
| December 31, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;0.2500 |
| **Total** | &nbsp;&nbsp;**$1.0000** |

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#### Dividend reinvestment plan
The fund's Dividend Reinvestment Plan (the Plan) provides that distributions of dividends and capital gains are automatically reinvested in common shares of the fund by Computershare Trust Company, N.A. (the Plan Agent). Every shareholder holding at least one full share of the fund is entitled to participate in the Plan. In addition, every shareholder who became a shareholder of the fund after June 30, 2011, and holds at least one full share of the fund will be automatically enrolled in the Plan. Shareholders may withdraw from the Plan at any time and shareholders who do not participate in the Plan will receive all distributions in cash.

If the fund declares a dividend or distribution payable either in cash or in common shares of the fund and the market price of shares on the payment date for the distribution or dividend equals or exceeds the fund's net asset value per share (NAV), the fund will issue common shares to participants at a value equal to the higher of NAV or 95% of the market price. The number of additional shares to be credited to each participant's account will be determined by dividing the dollar amount of the distribution or dividend by the higher of NAV or 95% of the market price. If the market price is lower than NAV, or if dividends or distributions are payable only in cash, then participants will receive shares purchased by the Plan Agent on participants' behalf on the NYSE or otherwise on the open market. If the market price exceeds NAV before the Plan Agent has completed its purchases, the average per share purchase price may exceed NAV, resulting in fewer shares being acquired than if the fund had issued new shares.

There are no brokerage charges with respect to common shares issued directly by the fund. However, whenever shares are purchased or sold on the NYSE or otherwise on the open market, each participant will pay a pro rata portion of brokerage trading fees, currently $0.05 per share purchased or sold. Brokerage trading fees will be deducted from amounts to be invested.

The reinvestment of dividends and net capital gains distributions does not relieve participants of any income tax that may be payable on such dividends or distributions.

Shareholders participating in the Plan may buy additional shares of the fund through the Plan at any time in amounts of at least $50 per investment, up to a maximum of $10,000, with a total calendar year limit of $100,000. Shareholders will be charged a $5 transaction fee plus $0.05 per share brokerage trading fee for each order. Purchases of additional shares of the fund will be made on the open market. Shareholders who elect to utilize monthly electronic fund transfers to buy additional shares of the fund will be charged a $2 transaction fee plus $0.05 per share brokerage trading fee for each automatic purchase. Shareholders can also sell fund shares held in the Plan account at any time by contacting the Plan Agent by telephone, in writing or by visiting the Plan

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Agent's website at www.computershare.com/investor. The Plan Agent will mail a check (less applicable brokerage trading fees) on settlement date. Pursuant to regulatory changes, effective September 5, 2017, the settlement date is changed from three business days after the shares have been sold to two business days after the shares have been sold. If shareholders choose to sell shares through their stockbroker, they will need to request that the Plan Agent electronically transfer those shares to their stockbroker through the Direct Registration System.

Shareholders participating in the Plan may withdraw from the Plan at any time by contacting the Plan Agent by telephone, in writing or by visiting the Plan Agent's website at www.computershare.com/investor. Such termination will be effective immediately if the notice is received by the Plan Agent prior to any dividend or distribution record date; otherwise, such termination will be effective on the first trading day after the payment date for such dividend or distribution, with respect to any subsequent dividend or distribution. If shareholders withdraw from the Plan, their shares will be credited to their account; or, if they wish, the Plan Agent will sell their full and fractional shares and send the shareholders the proceeds, less a transaction fee of $5 and less brokerage trading fees of $0.05 per share. If a shareholder does not maintain at least one whole share of common stock in the Plan account, the Plan Agent may terminate such shareholder's participation in the Plan after written notice. Upon termination, shareholders will be sent a check for the cash value of any fractional share in the Plan account, less any applicable broker commissions and taxes.

Shareholders who hold at least one full share of the fund may join the Plan by notifying the Plan Agent by telephone, in writing or by visiting the Plan Agent's website at www.computershare.com/investor. If received in proper form by the Plan Agent before the record date of a dividend, the election will be effective with respect to all dividends paid after such record date. If shareholders wish to participate in the Plan and their shares are held in the name of a brokerage firm, bank or other nominee, shareholders should contact their nominee to see if it will participate in the Plan. If shareholders wish to participate in the Plan, but their brokerage firm, bank or other nominee is unable to participate on their behalf, they will need to request that their shares be re-registered in their own name, or they will not be able to participate. The Plan Agent will administer the Plan on the basis of the number of shares certified from time to time by shareholders as representing the total amount registered in their name and held for their account by their nominee.

Experience under the Plan may indicate that changes are desirable. Accordingly, the fund and the Plan Agent reserve the right to amend or terminate the Plan. Participants generally will receive written notice at least 90 days before the effective date of any amendment. In the case of termination, participants will receive written notice at least 90 days before the record date for the payment of any dividend or distribution by the fund.

All correspondence or requests for additional information about the Plan should be directed to Computershare Trust Company, N.A., at the address stated below, or by calling 800-852-0218, 201-680-6578 (For International Telephone Inquiries) and 800-952-9245 (For the Hearing Impaired (TDD)).

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

#### Regular Mail: Computershare P.O. Box 43006 Providence, RI 02940-3078

#### Registered or Overnight Mail: Computershare 150 Royall Street, Suite 101 Canton, MA 02021
If your shares are held with a brokerage firm, you should contact that firm, bank or other nominee for assistance.

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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.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Independent Trustees** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with fund<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;**Hassell H. McClellan, Born: 1945** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**179** |
| &nbsp;&nbsp;&nbsp;*Trustee and Chairperson of the Board* |  |  |
| &nbsp;&nbsp;&nbsp;Trustee of Berklee College of Music (since 2022); 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;**William K. Bacic,<sup>4</sup> Born: 1956** | &nbsp;&nbsp;&nbsp;**2024** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;Director, Audit Committee Chairman, and Risk Committee Member, DWS USA Corp. (formerly, Deutsche Asset Management) (2018-2024); Senior Partner, Deloitte & Touche LLP (1978-retired 2017, including prior positions), specializing in the investment management industry. Trustee of various trusts within the John Hancock Fund Complex (since 2024). |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**James R. Boyle, Born: 1959** | &nbsp;&nbsp;&nbsp;**2015** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &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;**Grace K. Fey, Born: 1946** | &nbsp;&nbsp;&nbsp;**2012** | &nbsp;&nbsp;&nbsp;**179** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &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;**Dean C. Garfield, Born: 1968** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;Senior Vice-President, TKO Group (a premier sports and live entertainment company) (since 2025); Vice President, Netflix, Inc. (2019-2024); 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); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |  |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Independent Trustees (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with fund<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;**Christine L. Hurtsellers,<sup>2</sup> Born: 1963** | &nbsp;&nbsp;&nbsp;**2025** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;Director, Investment Committee Chair, Chariot Re (since 2025); Board Counselor, UNICEF USA (since 2018); Board Counselor, The Carter Center (since 2010); Voya Financial, Inc., Chief Executive Officer, Voya Investment Management (2016-2024), Chief Investment Officer, Fixed Income (2009-2016); Board Governor, Investment Company Institute (2019-2024); Director, Pomona Capital, (2018-2024); Former Member, US Treasury Borrowing Advisory Committee, (2014-2022). Trustee of various trusts within the John Hancock Fund Complex (since 2025). |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Deborah C. Jackson, Born: 1952** | &nbsp;&nbsp;&nbsp;**2011** | &nbsp;&nbsp;&nbsp;**175** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;President, Cambridge College, Cambridge, Massachusetts (2011-2023); 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 (since 2008) and Vice Chairperson of the Board (since 2025) of various trusts within the John Hancock Fund Complex. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Noni Ellison McKee, Born: 1971** | &nbsp;&nbsp;&nbsp;**2022** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (2021-2026); 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 (2021–2023), Board Member, Congressional Black Caucus Foundation (since 2024). Trustee of various trusts within the John Hancock Fund Complex (since 2022). |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Kenneth J. Phelan,<sup>2</sup> Born: 1959** | &nbsp;&nbsp;&nbsp;**2025** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;Trustee |  |  |
| &nbsp;&nbsp;&nbsp;Director, Audit, Finance & Social Responsibility Committees member, Adtalem Global Education Inc. (since 2020); Director, Risk Oversight Chair, Executive, Human Resources & Compensation Committees member, Huntington Bancshares Incorporated (since 2019); Senior Advisor, Oliver Wyman, Inc. (since 2019); Chief Risk Officer, U.S. Department of the Treasury (2014-2019). Trustee of various trusts within the John Hancock Fund Complex (since 2025). |  |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Independent Trustees (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with fund<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;**Frances G. Rathke,<sup>4</sup> Born: 1960** | &nbsp;&nbsp;&nbsp;**2020** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;Trustee |  |  |
| &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, 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;**Thomas R. Wright, Born: 1961** | &nbsp;&nbsp;&nbsp;**2024** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;Trustee |  |  |
| &nbsp;&nbsp;&nbsp;Chief Operating Officer, JMP Securities (2020-2023); Director of Equities, JMP Securities (2013-2023); Executive Committee Member, JMP Group (2013-2023); Global Head of Trading, Sanford C. Bernstein & Co. (2004-2012); and Head of European Equity Trading and Salestrading, Merrill, Lynch & Co (2003-2004); Head of US Equity Cash Trading and Salestrading, Merrill Lynch & Co (1998-2002). Trustee of various trusts within the John Hancock Fund Complex (since 2024). |  |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Non-Independent Trustees<sup>5</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with fund<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;**Andrew G. Arnott, Born: 1971** | &nbsp;&nbsp;&nbsp;**2017** | &nbsp;&nbsp;&nbsp;**176** |
| &nbsp;&nbsp;&nbsp;*Non-Independent Trustee* |  |  |
| &nbsp;&nbsp;&nbsp;Global Head of Institutional for Manulife (since 2025); Global Head of Retail for Manulife (2022-2025); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (2005-2023, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (2006-2023, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (2004-2023, 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;Global Head of Institutional for Manulife (since 2025); Global Head of Retail for Manulife (2022-2025); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (2005-2023, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (2006-2023, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (2004-2023, 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;Global Head of Institutional for Manulife (since 2025); Global Head of Retail for Manulife (2022-2025); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (2005-2023, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (2006-2023, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (2004-2023, 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;**Kristie M. Feinberg,<sup>3</sup> Born: 1975** | &nbsp;&nbsp;&nbsp;**2023** | &nbsp;&nbsp;&nbsp;**172** |
| &nbsp;&nbsp;&nbsp;*Non-Independent Trustee and President (Chief Executive Officer and Principal Executive Officer)* |  |  |
| &nbsp;&nbsp;&nbsp;Head of Retail, Manulife Investment Management (since 2025); Head of Wealth & Asset Management, U.S. and Europe, for John Hancock and Manulife (2023–2025); Director and Chairman, John Hancock Investment Management LLC (since 2023); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2023); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021–2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019–2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001–2019, including prior positions); President (Chief Executive Officer and Principal Executive Officer) of various trusts within the John Hancock Fund Complex (since 2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2025). | &nbsp;&nbsp;&nbsp;Head of Retail, Manulife Investment Management (since 2025); Head of Wealth & Asset Management, U.S. and Europe, for John Hancock and Manulife (2023–2025); Director and Chairman, John Hancock Investment Management LLC (since 2023); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2023); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021–2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019–2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001–2019, including prior positions); President (Chief Executive Officer and Principal Executive Officer) of various trusts within the John Hancock Fund Complex (since 2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2025). | &nbsp;&nbsp;&nbsp;Head of Retail, Manulife Investment Management (since 2025); Head of Wealth & Asset Management, U.S. and Europe, for John Hancock and Manulife (2023–2025); Director and Chairman, John Hancock Investment Management LLC (since 2023); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2023); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021–2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019–2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001–2019, including prior positions); President (Chief Executive Officer and Principal Executive Officer) of various trusts within the John Hancock Fund Complex (since 2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2025). |

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ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 59

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Principal officers who are not Trustees** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Name, year of birth<br> Position(s) held with fund<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;**Fernando A. Silva, Born: 1977** | &nbsp;&nbsp;&nbsp;**2024** |
| &nbsp;&nbsp;&nbsp;*Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)* |  |
| &nbsp;&nbsp;&nbsp;Director, Fund Administration and Assistant Treasurer, John Hancock Funds (2016-2020); Assistant Treasurer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Assistant Vice President, John Hancock Life & Health Insurance Company, John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York (since 2021); Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) of various trusts within the John Hancock Fund Complex (since 2024). | &nbsp;&nbsp;&nbsp;Director, Fund Administration and Assistant Treasurer, John Hancock Funds (2016-2020); Assistant Treasurer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Assistant Vice President, John Hancock Life & Health Insurance Company, John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York (since 2021); Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) of various trusts within the John Hancock Fund Complex (since 2024). |
| &nbsp;&nbsp;&nbsp;&nbsp;**Salvatore Schiavone, Born: 1965** | &nbsp;&nbsp;&nbsp;**2011** |
| &nbsp;&nbsp;&nbsp;*Treasurer* |  |
| &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;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;**Christopher (Kit) Sechler, Born: 1973** | &nbsp;&nbsp;&nbsp;**2018** |
| &nbsp;&nbsp;&nbsp;*Secretary and Chief Legal Officer* |  |
| &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;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;**Trevor Swanberg, Born: 1979** | &nbsp;&nbsp;&nbsp;**2020** |
| &nbsp;&nbsp;&nbsp;*Chief Compliance Officer* |  |
| &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;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 Fund does not make available copies of its Statement of Additional Information because the Fund's shares are not continuously offered and the Statement of Additional Information has not been updated since the Fund's last public offering, therefore the information contained in the Statement of Additional Information may be outdated.

<sup>1</sup> Mr. Boyle, Ms. Fey, Mr. Lorentz, and Dr. McClellan serve as Trustees for a term expiring in 2026; Mr. Bacic, Ms. Ellison McKee, Ms Rathke and Mr. Wright serve as Trustees for a term expiring in 2027; Mr. Garfield, Ms. Jackson and Mr. Arnott to serve for a three-year term ending at the 2028 Shareholder Meeting. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.

<sup>2</sup> Serves as Trustee effective November 12, 2025.

<sup>3</sup> Serves as Non-Independent Trustee effective June 30, 2025.

<sup>4</sup> Member of the Audit Committee.

<sup>5</sup> The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain of its affiliates.

60 JOHN HANCOCK DIVERSIFIED INCOME FUND \| ANNUAL REPORT

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

More information

#### Trustees
Hassell H. McClellan, *Chairperson* Deborah C. Jackson, *Vice Chairperson* Andrew G. Arnott<sup>†</sup>

William K. Bacic<sup>\*</sup>

James R. Boyle

Noni Ellison McKee

Kristie M. Feinberg<sup>†,§</sup>

Grace K. Fey

Dean C. Garfield

Christine L. Hurtsellers<sup>#</sup>

Kenneth J. Phelan<sup>#</sup>

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

Thomas R. Wright<sup>\*</sup>

#### Officers
Kristie M. Feinberg

*President (Chief Executive Officer and Principal Executive Officer)*

Fernando A. Silva

*Chief Financial Officer (Principal Financial Officer and Principal Accounting 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
Wellington Management Company LLP

#### Portfolio Managers
Robert J. Isch, CFA

#### Custodian
State Street Bank and Trust Company

#### Transfer agent
Computershare Shareowner Services, LLC

#### Legal counsel
K&L Gates LLP

#### Independent registered public accounting firm
PricewaterhouseCoopers LLP

#### Stock symbol
Listed New York Stock Exchange: HEQ

<sup>†</sup> Non-Independent Trustee

# Serves as Trustee effective November 12, 2025.

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

<sup>§</sup> Serves as Non-Independent Trustee effective as of June 30, 2025.

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

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

We make this information on your fund, as well as **monthly portfolio holdings**, and other fund details available on our website at jhinvestments.com or by calling 800-852-0218.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;You can also contact us: |  |  |
| &nbsp;&nbsp;**800-852-0218** | &nbsp;&nbsp;**Regular mail:** | &nbsp;&nbsp;**Express mail:** |
| &nbsp;&nbsp;**jhinvestments.com** | &nbsp;&nbsp;Computershare<br> P.O. Box 43006<br> Providence, RI 02940-3078 | &nbsp;&nbsp;Computershare<br> 150 Royall St., Suite 101<br> Canton, MA 02021 |

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ANNUAL REPORT \| JOHN HANCOCK DIVERSIFIED INCOME FUND 61

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

![](img2c59655e6.gif)

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[**Table of Contents**](#JOB_Diver_7130358f-b192-4e43-8b8c-d2ba994fb499_TofC)

![](imgd03c0d817.jpg)

John Hancock Investment Management LLC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

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

MF5113314 P15A 12/25

2/26

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ITEM 2. CODE OF ETHICS.

As of the end of the year, December 31, 2025, 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 and William K. Bacic are audit committee financial experts and are "independent", pursuant to general instructions on Form N-CSR Item 3.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a) Audit Fees

The aggregate fees billed for professional services rendered by the principal accountant for the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to $55,601 and $55,554 for the fiscal years ended December 31, 2025 and December 31, 2024, respectively. These fees were billed to the registrant and were approved by the registrant's audit committee.

(b) Audit-Related Services

Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was related to a software licensing fee. Amounts billed to the registrant were $12 and $0 for fiscal years ended December 31, 2025 and December 31, 2024, respectively.

(c) Tax Fees

The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to $4,469 and $4,469 for the fiscal years ended December 31, 2025 and December 31, 2024, respectively. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.

(d) All Other Fees

Other fees amounted to $0 and $0 for the fiscal years ended December 31, 2025 and December 31, 2024, respectively.

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

The registrant'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 registrant'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.

(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X

Audit-Related Fees, Tax Fees and All Other Fees

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.

(f)According to the registrant's principal accountant for the fiscal year ended December 31, 2025, 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%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(g)The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $1,319,261 for the fiscal year ended December 31, 2025 and $871,973 for the fiscal year ended December 31, 2024.

(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.

(i)Not applicable.

(j)Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:

Frances G. Rathke – Chairperson

William H. Cunningham - retired effective December 31, 2025

William K. Basic

Thomas R. Wright - effective January 1, 2026

ITEM 6. SCHEDULE OF INVESTMENTS.

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

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

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

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

Not applicable.

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

Not applicable.

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

Not applicable.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Information included in Item 1, if applicable.

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

See attached exhibit "Proxy Voting Policies and Procedures".

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

Information about the Wellington Management Company LLP ("Wellington Management") portfolio managers

Management Biographies

Below is a list of the portfolio managers who share joint responsibility for the day-to-day investment management of the Fund. It provides a brief summary of their business careers over the past five years. The information provided is as of the filing date of this N-CSR.

Roberto J. Isch, CFA

Senior Managing Director and Portfolio Manager,

Wellington Management Company LLP since 2012

Joined Fund team in 2019

Other Accounts the Portfolio Managers are Managing

The table below indicates for each portfolio manager information about the accounts over which the portfolio manager has day-to-day investment responsibility. All information on the number of accounts and total assets in the table is as of December 31, 2025. For purposes of the table, "Other Pooled Investment Vehicles" may include investment partnerships and group trusts, and "Other Accounts" may include separate accounts for institutions or individuals, insurance company general or separate accounts, pension funds and other similar institutional accounts.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| PORTFOLIO | Registered Investment | Registered Investment | &nbsp;&nbsp;&nbsp; Other Pooled Investment | &nbsp;&nbsp;&nbsp; Other Pooled Investment |  |  |
| MANAGER | Registered Investment | Registered Investment | &nbsp;&nbsp;&nbsp; Other Pooled Investment | &nbsp;&nbsp;&nbsp; Other Pooled Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts |
| MANAGER | Companies | Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Accounts |
| NAME | Companies | Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vehicles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vehicles |  |  |
| NAME |  |  |  |  |  |  |
|  | Number of | Total | &nbsp;&nbsp; Number of | Total | Number of | Total |
|  | Number of | Assets | &nbsp;&nbsp; Number of | Assets | Number of | Assets |
|  | Accounts | Assets | &nbsp;&nbsp;&nbsp; Accounts | Assets | Accounts | Assets |
|  | Accounts | $Million | &nbsp;&nbsp;&nbsp; Accounts | $Million | Accounts | $Million |
|  |  | $Million |  | $Million |  | $Million |
| &nbsp;&nbsp; Roberto J. | 3 | 468.92 | 25 | 4680.17 | 1 | 18.14 |
| &nbsp;&nbsp; Isch, CFA | 0\* | 0\* | 20\* | 2,416.84\* | 0\* | 0\* |

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Note: (\*) represents the number and value of accounts, within the total accounts that are subject to a performance-based advisory fee.

Conflicts of Interest. Individual investment professionals at Wellington Management manage multiple accounts for multiple clients. These accounts may include mutual funds, separate accounts (assets managed on behalf of institutions, such as pension funds, insurance companies, foundations, or separately managed account programs sponsored by financial intermediaries), bank common trust accounts, and hedge funds. The Fund's managers listed in the prospectus who are primarily responsible for the day-to-day management of the Fund ("Investment Professionals") generally manage accounts in several different investment styles. These accounts may have investment objectives, strategies, time horizons, tax considerations and risk profiles that differ from those of the Fund. The Investment Professionals make investment decisions for each account, including the Fund, based on the investment objectives, policies, practices, benchmarks, cash flows, tax and other relevant investment considerations applicable to that account. Consequently, Investment Professionals may purchase or sell securities, including IPOs, for one account and not another account, and the performance of securities purchased for one account may vary from the performance of securities purchased for other accounts. Alternatively, these accounts may be managed in a similar fashion to the Fund and thus the accounts may have similar, and in some cases nearly identical, objectives, strategies and/or holdings to that of the Fund.

Wellington Management's goal is to meet its fiduciary obligation to treat all clients fairly and provide high quality investment services to all of its clients. Wellington Management has adopted and implemented policies and procedures, including brokerage and trade allocation policies and procedures, which it believes address the conflicts associated with

managing multiple accounts for multiple clients. In addition, Wellington Management monitors a variety of areas, including compliance with primary account guidelines, the allocation of IPOs, and compliance with the firm's Code of Ethics, and places additional investment restrictions on investment professionals who manage hedge funds and certain other accounts. Furthermore, senior investment and business personnel at Wellington Management periodically review the performance of Wellington Management's investment professionals. Although Wellington Management does not track the time an investment professional spends on a single account, Wellington Management does periodically assess whether an investment professional has adequate time and resources to effectively manage the investment professional's various client mandates.

Compensation Wellington Management receives a fee based on the assets under management of the Fund as set forth in the Subadvisory Agreement between Wellington Management and the Adviser on behalf of the Fund. Wellington Management pays its investment professionals out of its total revenues, including the advisory fees earned with respect to the Fund. Wellington Management's compensation structure is designed to attract and retain high-caliber investment professional's necessary to deliver high quality investment management services to its clients. Wellington Management's compensation of the Fund's manager listed in the Prospectus who is primarily responsible for the day-to-day management of the Fund (the "Investment Professional") includes a base salary. The base salary for each Investment Professional who is a partner (a "Partner") of Wellington Management Group LLP, the ultimate holding company of Wellington Management, is generally a fixed amount that is determined by the managing partners of Wellington Management Group LLP. The Investment Professionals may also be eligible for bonus payments based on their overall contribution to Wellington Management's business operations. Senior management at Wellington Management may reward individuals as it deems appropriate based on other factors. Each Partner is eligible to participate in a Partner-funded tax qualified retirement plan, the contributions to which are made pursuant to an actuarial formula. Mr. Isch is a Partner.

Each Portfolio Manager's incentive payment relating to the Diversified Income Fund (formerly Hedged Equity & Income Fund) is linked to the gross pre-tax performance of the Fund managed by the Portfolio Managers compared to the MSCI All Country World Index over one, three and five year periods, with an emphasis on five year results. Wellington Management applies similar incentive compensation structures (although the benchmarks or peer groups, time periods and rates may differ) to other accounts managed by these Portfolio Managers, including accounts with performance fees.

Share Ownership by Portfolio Managers. The following table indicates as of December 31, 2025, the value of shares beneficially owned by the portfolio managers in the Fund." Delete the last column in the table labeled "Range of Beneficial Ownership in Similarly Managed Accounts."

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| | |
|:---|:---|
|  | Range of |
| &nbsp;&nbsp; Portfolio | Beneficial |
| &nbsp;&nbsp; Manager | Ownership |
| &nbsp;&nbsp; Roberto J. Isch, CFA | $0 |

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![](ghswlqio9z3sb1lhas4s7.jpg)

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

(a)Not applicable.

(b)REGISTRANT PURCHASES OF EQUITY SECURITIES

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | Total number of | Maximum |
|  |  |  | shares | number of |
|  | Total number of |  | purchased as | shares that may |
|  | Total number of | Average price per | part of publicly | yet be |
|  | shares | Average price per | announced | purchased |
| &nbsp;&nbsp; Period | purchased | share | plans\* | under the plans\* |
| &nbsp;&nbsp; Jan-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Feb-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Mar-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Apr-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; May-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Jun-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Jul-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Aug-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Sep-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Oct-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Nov-25 | - | - | - | 1209375 |
| &nbsp;&nbsp; Dec-25 | 34900 | 11.04 | 34900 | 1174475 |
| &nbsp;&nbsp; Total | 34900 | - | 34900 |  |

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\*In December 2011, the Board of Trustees approved a share repurchase plan, which was subsequently reviewed by the Board of Trustees each year in December. Under the current share repurchase plan, the Fund may purchase in the open market up to 10% of its outstanding common shares as of December 31, 2025 (shares that may yet be purchased under the current plan are 1,205,885 shares). The current plan is in effect between January 1, 2026 and December 31, 2026.

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

No material changes.

ITEM 16. CONTROLS AND PROCEDURES.

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

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

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

The Fund did not participate directly in securities lending activities. See Note 8 to financial statements in Item 1.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.

ITEM 19. EXHIBITS.

[(a)(1) Code of Ethics for Covered Officers is attached.](f44033d2.htm)

(a)(2) Not applicable.

[(a)(3) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.](f44033d3.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.](f44033d4.htm)

[(c)(1) Proxy Voting Policies and Procedures are attached.](f44033d5.htm)

[(c)(2) Registrant's notice to shareholders pursuant to Registrant's exemptive order granting an exemption from Section 19(b) of the Investment Company Act of 1940, as amended and Rule 19b-1 thereunder regarding distributions made pursuant to the Registrant's Managed Distribution Plan.](f44033d6.htm)

SIGNATURES

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

John Hancock Diversified Income Fund (formerly John Hancock Hedged Equity & Income Fund)

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp; /s/ Kristie M. Feinberg |
|  | &nbsp;&nbsp; ------------------------------ |
|  | &nbsp;&nbsp; Kristie M. Feinberg |
|  | &nbsp;&nbsp; President, |
|  | &nbsp;&nbsp; Principal Executive Officer |
| Date: | &nbsp;&nbsp; February 11, 2026 |

---

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

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp; /s/ Kristie M. Feinberg |
|  | &nbsp;&nbsp; ------------------------------ |
|  | &nbsp;&nbsp; Kristie M. Feinberg |
|  | &nbsp;&nbsp; President, |
|  | &nbsp;&nbsp; Principal Executive Officer |
| Date: | &nbsp;&nbsp; February 11, 2026 |
| By: | &nbsp;&nbsp; /s/ Fernando A. Silva |
|  | &nbsp;&nbsp; --------------------------- |
|  | &nbsp;&nbsp; Fernando A. Silva |
|  | &nbsp;&nbsp; Chief Financial Officer, |
|  | &nbsp;&nbsp; Principal Financial Officer |
| Date: | &nbsp;&nbsp; February 11, 2026 |

---

------

## Ex-99.Code

![](gunytziuc2zyy9y3ns3sz.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>](#div851f34db-77d8-4d22-93da-846fe8a5176f), 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.

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.

\* \* \*

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;

****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

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.

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

**Persons Covered by this Code of Ethics**

**(As of December 31, 2025)**

**John Hancock Variable Insurance Trust**

****Principal Executive Officer and President – Kristie Feinberg

****Principal Financial Officer and Chief Financial Officer – Fernando Silva

****Treasurer – Salvatore Schiavone

**John Hancock Funds**

****Principal Executive Officer and President – Kristie Feinberg

****Principal Financial Officer and Chief Financial Officer – Fernando Silva

****Treasurer – Salvatore Schiavone

**John Hancock Funds II**

****Principal Executive Officer and President – Kristie Feinberg

****Principal Financial Officer and Chief Financial Officer – Fernando Silva

****Treasurer – Salvatore Schiavone

**John Hancock Exchange-Traded Trust**

****Principal Executive Officer and President – Kristie Feinberg

****Principal Financial Officer and Chief Financial Officer – Fernando Silva

****Treasurer – Salvatore Schiavone

## Ex-99.Cert

<u>CERTIFICATION</u>

**I, Kristie M. Feinberg, certify that:**

1. I have reviewed this report on Form N-CSR of John Hancock Diversified Income Fund (formerly John Hancock Hedged Equity & Income Fund) ;

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

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

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

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

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

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

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

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

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

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

Date: February 11, 2026

<u>/s/ Kristie M. Feinberg</u> Kristie M. Feinberg

President, Principal Executive Officer

<u>CERTIFICATION</u>

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

1. I have reviewed this report on Form N-CSR of John Hancock Diversified Income Fund (formerly John Hancock Hedged Equity & Income Fund) ;

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

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

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

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

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

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

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

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

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

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

Date: February 11, 2026

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

Chief Financial Officer, Principal Financial Officer

## Exhibit 99.906

**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 Diversified Income Fund (formerly John Hancock Hedged Equity & Income Fund) (the "registrant") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the registrant does hereby certify that, to the best of such officer's knowledge:**

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

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

/s/ Kristie M. Feinberg

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

Kristie M. Feinberg

President, Principal Executive Officer

Dated: February 11, 2026

/s/ Fernando A. Silva

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

Fernando A. Silva

Chief Financial Officer, Principal Financial Officer

Dated: February 11, 2026

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

![](g78i16s027fef9atay1xg.jpg)

**WELLINGTON MANAGEMENT COMPANY**

Wellington Management

2024 Global Proxy Voting Guidelines

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WELLINGTON'S PHILOSOPHY

Wellington Management is a long-term steward of our clients' assets and aims to vote proxies for which we have voting authority in the best financial interest of clients.

These guidelines are based on Wellington Management's fiduciary obligation to act in the best financial interest of its clients as shareholders and while written to apply globally, we consider jurisdictional differences to make informed decisions. Enumerated below are issues specific to the Japanese market given we have formulated more detailed expectations of this region.

Wellington Management votes proxies for each client for which it has voting authority based on Wellington Management's evaluation of the best long-term economic interests of shareholders, in the exercise of its independent business judgment, and without regard to the relationship of the issuer of the proxy to the client, Wellington Management, or Wellington Management's affiliates.

It should be noted that the following are guidelines, not rigid rules, and Wellington Management reserves the right in all cases to deviate from the general direction set out below where doing so is in the best interest of its clients.

OUR APPROACH TO STEWARDSHIP

The goal of our stewardship activities is to support decisions that we believe will maximize investment returns for our clients over the long term.

The mechanisms we use to implement our stewardship activities vary by asset class. Engagement applies to all our investments across equity and credit, in both private and public markets. Proxy voting applies mostly to public equities.

Stewardship extends to any area that may affect the long-term sustainable financial return of an investment. Stewardship can be accomplished through research and constructive dialogue with company management and boards, by monitoring company behavior through informed active ownership, and by emphasizing management accountability for important issues via our proxy votes, which have long been part of Wellington's investment ethos. Please refer to our Engagement Policy for more information on how engagement is conducted at Wellington.

OUR APPROACH TO VOTING

We vote proxies in what we consider to be the best financial interests of our clients. Our approach to voting is investment-led and serves as an influential component of our engagement and escalation strategy. The Investment Stewardship Committee, a cross- functional group of experienced professionals, oversees Wellington Management's stewardship activities with regards to proxy voting and engagement practices.

Generally, routine issues which can be addressed by the proxy voting guidance below are voted by means of standing instructions communicated to our primary voting agent. Some votes warrant analysis of specific facts and circumstances and therefore are reviewed individually. We examine such proposals on their merits and take voting action in a manner that best serves the financial interests of our clients. When forming our voting decisions, we may leverage sources including internal research notes, third-party voting research and company engagement. While manual votes are often resolved by investment research teams, each portfolio manager is empowered to make a final decision for their relevant client portfolio(s), absent a material conflict of interest. Proactive portfolio manager input is sought under certain circumstances, which may include consideration of position size and proposal subject matter and nature. Where portfolio manager input is proactively sought, deliberation across the firm may occur. This

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collaboration does not prioritize consensus across the firm above all other interests but rather seeks to inform portfolio managers' decisions by allowing them to consider multiple perspectives. Consistent with our community-of- boutiques model, portfolio managers may occasionally arrive at different voting conclusions for their clients, resulting in different decisions for the same vote. Robust voting procedures and the deliberation that occurs before a vote decision are aligned with our role as active owners and fiduciaries for our clients.

We generally support shareholder proposals if we determine that their adoption would promote long-term shareholder value. In making this determination, we consider numerous factors, including but not limited to the anticipated benefits of the proposal to the company; whether the proposal addresses the general interests of the company's shareholders and not just those of the shareholder proponents; whether the company is currently addressing the issue motivating the proposal or has engaged with the shareholder proponents; whether the company can implement the proposal effectively; and whether the proposal's adoption would impose material costs on the company or result in unintended consequences.

In addition, because proxy voting provides only limited means (i.e., voting ''for'' or ''against'') to express our views on a particular issue, we may support shareholder proposals in cases where we do not support every recommended action or where the proposal is accompanied by a supporting statement that we do not support so long as we are directionally aligned with the issue motivating the proposal. In these cases, we aim to engage directly with the company to clarify the nuanced view our vote represents.

Please refer to our Global Proxy Policy and Procedures for further background on the process and governance of our voting approach.

Detailed below are the principles which we consider when deciding how to vote.

VOTING GUIDELINES

**BOARD COMPOSITION AND ROLE OF DIRECTORS**

Effective boards should act in shareholders' best economic interests and possess the relevant skills to implement the company's strategy.

We consider shareholders' ability to elect directors annually an important right and, accordingly, generally support proposals to enable annual director elections and declassify boards.

We may withhold votes from directors for being unresponsive to shareholders or for failing to make progress on issues material to maximizing investment returns. We may also withhold votes from directors who fail to implement shareholder proposals that if adopted would promote long-term shareholder value and have received majority support or have implemented poison pills without shareholder approval.

Time commitments

We expect directors to have the time and energy to fully commit to their board-related responsibilities and not be over-stretched with an excessive number of external directorships. We may vote against directors when serving on five or more public company boards; and public company executives when serving on three or more public company boards, including their own.

We consider the roles of board chair and chair of the audit committee as equivalent to an additional board seat when evaluating the overboarding matrix for non-executives. We may take into consideration that certain directorships, such as Special Purpose Acquisition Companies (SPACs) and investment companies, are usually less demanding.

Directors should also attend at least 75% of scheduled board meetings. If they fail to do so, we may vote against their re-election.

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Succession planning and board refreshment

We do not have specific voting policies relating to director age or tenure. We prefer to take a holistic view, evaluating whether the company is balancing the perspectives of new directors with the institutional knowledge of longer-serving board members. Succession planning is a key topic during many of our board engagements.

We generally expect companies to refresh their board membership every five years and may vote against the chair of the nominating committee for failure to implement. We believe a degree of director turnover allows companies to strengthen board diversity and add new skillsets to the board to enhance their oversight and adapt to evolving strategies.

Boards should offer transparency around their process to evaluate director performance and independence, conducting a rigorous regular evaluation of the board, key committees as well as individual directors, which is responsive to shareholder input. We believe externally facilitated board evaluations may contribute to companies retaining an appropriate mix of skills, experience and diversity on their boards over time.

In certain markets companies are governed by multi-tiered boards, with each tier having different responsibilities. We hold supervisory board members to similar standards, subject to prevailing local governance best practices.

Board independence

In our view, boards perform best when composed of an appropriate combination of executive and non-executive (in particular independent non-executive) directors to challenge and counsel management.

To determine appropriate minimum levels of board independence, we look to prevailing market best practices; two- thirds in the US, for example, and majority in the UK and France. In addition to the overall independence at the board level, we also consider the independence of audit, compensation, and nominating committees. Where independence falls short of our expectations, we may withhold approval for non-independent directors or those responsible for the board composition. We typically vote in support of shareholder proposals calling for improved independence.

We believe that having an independent chair is the preferred structure for board leadership. Having an independent chair avoids the inherent conflict of self-oversight and helps ensure robust debate and diversity of thought in the boardroom. We will generally support proposals to separate the chair and CEO or establish a lead director but may support the involvement of an outgoing CEO as executive chair for a limited period to ensure a smooth transition to new management.

Board diversity

We believe boards which reflect a wide range of perspectives are best positioned to create shareholder value. Appointing boards that thoughtfully debate company strategy and direction is not possible unless boards elect highly qualified and diverse directors. By setting a leadership example, boardrooms with a wide range of experiences, expertise, and perspectives encourage an organizational culture that promotes diverse thinkers, enabling better strategic decisions and the navigation of increasingly complex issues facing companies today.

We think it is not in shareholders' best interests for the full board to be comprised of directors who all share the same background, experience, and personal characteristics (e.g., gender, race, ethnicity, and age). We expect our portfolio companies to be thoughtful and intentional in considering the widest possible pool of skilled candidates who bring diverse perspectives into the boardroom. We encourage companies to disclose the composition and qualifications of their board and to communicate their ambitions and strategies for creating and fostering a diverse board.

We reserve the right to vote against the re-election of the Nominating/Governance Committee Chair when the board is not meeting local market standards from a diversity perspective. We expect a minimum of 20% gender diversity at major indices such as the S&P 500 and encourage boards to strive for 30% gender diversity. From 2025, we may vote against the re-election of the Nominating/Governance Committee Chair at major indices not meeting this 30% goal.

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Outside of the above major indices and absent a market-defined standard, we may vote against the reelection of the Nominating/Governance Committee Chair where no gender-diverse directors are represented on a board.

We reserve the right to vote against the reelection of the Nominating/Governance Committee Chair at US large cap and FTSE 100 companies that failed to appoint at least one director from a minority ethnic group and fail to provide clear and compelling reason for being unable to do so. We will continue to engage on diversity of the board in other markets and may vote against the re- election of directors where we fail to see improvements.

Majority vote on election of directors

Because we believe the election of directors by a majority of votes cast is the appropriate standard, we will generally support proposals that seek to adopt such a standard. Our support will typically extend to situations where the relevant company has an existing resignation policy for directors that receive a majority of ''withhold'' votes. We believe majority voting should be defined in the company's charter and not simply in its corporate governance policy.

Generally, we oppose proposals that fail to provide for the exceptional use of a plurality standard in the case of contested elections. Further, we will not support proposals that seek to adopt a standard of majority of votes outstanding (total votes eligible as opposed to votes cast). We likely will support shareholder and management proposals to remove existing supermajority vote requirements.

Contested director elections

We approach contested director elections on a case-by-case basis, considering the specific circumstances of each situation to determine what we believe to be in the best financial interest of our clients. In each case, we welcome the opportunity to engage with both the company and the proponent to ensure that we understand both perspectives and are making an informed decision on our clients' behalf.

**COMPENSATION**

Executive compensation plans establish the incentive structure that plays a role in strategy-setting, decision-making, and risk management. While design and structure vary widely, we believe the most effective compensation plans attract and retain high- caliber executives, foster a culture of performance and accountability, and align management's interests with those of long-term shareholders.

Due to each company's unique circumstances and wide range of plan structures, Wellington determines support for a compensation plan on a case-by-case basis. We support plans that we believe lead to long-term value creation for our clients and the right to vote on compensation plans annually.

In evaluating compensation plans, we consider the following attributes in the context of the company's business, size, industry, and geographic location:

<u>Alignment</u> — We believe in pay-for-performance and encourage plan structures that align executive compensation with shareholder experience. We compare total compensation to performance metrics on an absolute and relative basis over various timeframes, and we look for a strong positive correlation. To ensure shareholder alignment, executives should maintain meaningful equity ownership in the company while they are employed, and for a period thereafter.

<u>Transparency</u> — We expect compensation committees to articulate the decision-making process and rationale behind the plan structure, and to provide adequate disclosure so shareholders can evaluate actual compensation relative to the committee's intentions. Disclosure should include how metrics, targets, and timeframes are chosen, and detail desired outcomes. We also seek to understand how the compensation committee determines the target level of compensation and constructs the peer group for benchmarking purposes.

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<u>Structure</u> — The plan should be clear and comprehensible. We look for a mix of cash versus equity, fixed versus variable, and short- versus long-term pay that incentivizes appropriate risk-taking and aligns with industry practice. Performance targets should be achievable but rigorous, and equity awards should be subject to performance and/or vesting periods of at least three years, to discourage executives from managing the business with a near-term focus. Unless otherwise specified by local market regulators, performance-based compensation should be based on metrics that are objective, rigorous, and tied to shareholder value creation. Qualitative goals, including material environmental and social considerations material to financial performance, may be acceptable if a compensation committee has demonstrated a fair and consistent approach to evaluating qualitative performance and applying discretion over time.

<u>Accountability</u> — Compensation committees should be able to use discretion, positive and negative, to ensure compensation aligns with performance and provide a cogent explanation to shareholders. We generally oppose one- time awards aimed at retention or achieving a pre-determined goal. Barring an extenuating circumstance, we view retesting provisions unfavorably.

Approving equity incentive plans

A well-designed equity incentive plan facilitates the alignment of interests of long-term shareholders, management, employees, and directors. We evaluate equity-based compensation plans on a case-by-case basis, considering projected plan costs, plan features, and grant practices. We will reconsider our support for a plan if we believe these factors, on balance, are not in the best financial interest of shareholders. Specific items of concern may include excessive cost or dilution, unfavorable change-in-control features, insufficient performance conditions, holding/vesting periods, or stock ownership requirements, repricing stock options/stock appreciation rights (SARs) without prior shareholder approval, or automatic share replenishment (an ''evergreen'' feature).

Employee stock purchase plans

We generally support employee stock purchase plans, as they may align employees' interests with those of shareholders. That said, we typically vote against plans that do not offer shares to a broad group of employees (e.g., if only executives can participate) or plans that offer shares at a significant discount.

Non-executive director compensation

We expect companies to disclose non-executive director compensation and we prefer the use of an annual retainer or fee, delivered as cash, equity, or a combination. We do not believe non-executive directors should receive performance-based compensation, as this creates a potential conflict of interest. Non-executive directors oversee executive compensation plans; their objectivity is compromised if they design a plan that they also participate in.

Severance arrangements

We are mindful of the board's need for flexibility in recruitment and retention but will oppose excessively generous arrangements unless agreements encourage management to negotiate in shareholders' best financial interest. We generally support proposals calling for shareholder ratification of severance arrangements.

Retirement bonuses (Japan)

Misaligned compensation which is based on tenure and seniority may compromise director independence. We generally vote against directors and statutory auditors if retirement bonuses are given to outgoing directors.

Claw-back policies

We believe companies should be able to recoup incentive compensation from members of management who received awards based on fraudulent activities, accounting misstatements, or breaches in standards of conduct that lead to

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corporate reputational damage. We generally support shareholder proposals requesting that a company establish a robust claw- back provision if existing policies do not cover these circumstances. We also support proposals seeking greater transparency about the application of claw back policies.

Audit quality and oversight

Scrutiny of auditors, particularly audit quality and oversight, has been increasing. When we assess financial statement reporting and audit quality, we will generally support management's choice of auditors, unless the auditors have demonstrated failure to act in shareholders' best economic interest. We also pay close attention to the non-audit services provided by auditors and consider the potential for the revenue from those services to create conflicts of interest that could compromise the integrity of financial statement audits.

**SHAREHOLDER RIGHTS**

Shareholder rights plans

Also known as poison pills, these plans can enable boards of directors to negotiate higher takeover prices on behalf of shareholders. Such plans also may be misused, however, as a means of entrenching management. Consequently, we may support plans that include a shareholder approval requirement, a sunset provision, or a permitted bid feature (e.g., bids that are made for all shares and demonstrate evidence of financing must be submitted to a shareholder vote).

Because boards generally have the authority to adopt shareholder rights plans without shareholder approval, we are equally vigilant in our assessment of requests for authorization of blank-check preferred shares.

Multiple voting rights

We generally support one share, one vote structures. The growing practice of going public with a dual-class share structure can raise governance and performance concerns. In our view, dual-class shares can create misalignment between shareholders' economic stake and their voting power and can grant control to a small number of insiders who may make decisions that are not in the interests of all shareholders.

We generally prefer that companies dispense with dual-class share structures but we recognize that newly listed companies may benefit from a premium by building in some protection for founders for a limited time after their IPO. The Council of Institutional Investors, a nonprofit association of pension funds, endowments, and foundations, recommends that newly public companies that adopt structures with unequal voting rights do away with the structure within seven years of going public. We believe such sunset clauses are a reasonable compromise between founders seeking to defend against takeover attempts in pivotal early years, and shareholders demanding a mechanism for holding management accountable, especially in the event of leadership changes.

Similarly, we generally do not support the introduction of loyalty shares, which grant increased voting rights to investors who hold shares over multiple years.

Proxy access

We believe shareholders should have the right to nominate director candidates on the management's proxy card. We will generally support shareholder proposals seeking proxy access unless the existing policy is already in-line with market norms.

Special meeting rights

We believe the right to call a special meeting is an important shareholder right, and we will generally support such proposals to establish this right at companies that lack this facility. We will generally support a proposal lowering thresholds where the current level exceeds 15% and the proposal calls for a 10%+ threshold, taking into consideration

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the make-up of the existing shareholder base and the company's general responsiveness to shareholders. If shareholders are granted the right to call special meetings, we generally do not support written consent.

Virtual meetings

Many companies established virtual-only shareholder meetings over the course of the recent Covid-19 pandemic. Virtual attendance allows investors to participate in more meetings and reduces the need for travel. We generally prefer shareholder meetings to take place in a hybrid format (virtual and in-person) where possible, allowing all shareholders, whether they attend in person or virtually, to ask questions. We expect companies hosting virtual-only shareholder meetings to provide a clear rationale underpinning their decision to do so, provide a live video stream of proceedings and offer transparency on how questions may be submitted and are selected for discussion.

We may oppose amendments to articles of association permitting virtual-only meetings where we perceive shareholder rights to be at risk. We may also support relevant shareholder proposals requesting companies to facilitate the ability to attend in-person.

**CAPITAL STRUCTURE AND CAPITAL ALLOCATION**

Mergers and acquisitions

We approach votes to approve mergers and acquisitions on a case-by-case basis, considering the specific circumstances of each proposal to determine what we believe to be in the best financial interest of our clients.

Increases in authorized common stock

We generally support requests for increases up to 100% of the shares with preemption rights. Exceptions will be made when the company has clearly articulated a reasonable need for a greater increase. Conversely, at companies trading in less liquid markets, we may impose a lower threshold. When companies seek to issue shares without preemptive rights, we consider potential dilution and generally support requests when dilution is below 20%. For issuance with preemptive rights, we review on a case-by-case basis, considering the size of issuance relative to peers.

**ENVIRONMENTAL TOPICS**

We assess portfolio companies' performance on environmental issues we deem to be material to long-term financial performance.

Climate change

As an asset manager entrusted with investing on our clients' behalf, we aim to assess, monitor, and manage the potential effects of climate change on our investment processes and financial returns of client portfolios. Proxy voting is a tool we use for managing climate-related investment risks, as part of our overall stewardship process.

In general, we expect companies facing material climate risks to communicate credible transition plans consistent with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Appropriate reporting on climate readiness assists our investment professionals in understanding a company's strategy to adapt to or mitigate material climate-related risks. In addition, we may also vote against directors at companies facing material climate risks where the disclosure of transition plans meaningfully lag our expectations.

Emissions disclosure

We generally encourage companies to disclose material Scope 1, 2, and 3 emissions. While we recognize the challenges associated with collecting Scope 3 emissions data, disclosure of material Scope 3 emissions has the potential to assist us with the assessment of the transition risks applicable to an issuer. Disclosure of both overall categories of Scope 3 emissions ---upstream and downstream ---with context and granularity from companies with significant Scope 3 sources enhances our ability to evaluate

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investment risks and opportunities. We generally

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encourage companies to adopt emerging global standards for measurement and disclosure of emissions such as those being developed by the International Sustainability Standards Board (ISSB).

We view disclosure of material Scope 1 and 2 emissions as a baseline expectation where measurement practices are well-defined and attainable. We will generally vote against the re-election of the Chair of MSCI World companies and large cap companies in Emerging Markets which do not disclose material Scope 1 and 2 emissions, have not made a commitment to do so and where emissions intensity is material to financial performance.

Net-zero targets

We encourage companies with material emissions to set a credible, science-based decarbonization glidepath, with an interim and long-term target, that comprises all categories of material emissions and is consistent with the ambition to achieve net zero emissions by 2050 or sooner. For certain companies with material emissions, we may vote against the company chair where quantitative emission reduction targets have not been reasonably defined. Companies may find value in aligning transition plans with best practice frameworks relevant to their industry and business model such as the Science Based Targets initiative (SBTi).

We generally support shareholder proposals that promote long-term shareholder value and ask companies facing material climate risks for improved disclosure on climate risk management or alignment of business strategies with the Paris Agreement or similar language.

Biodiversity

Many companies are dependent on natural capital and biodiversity as key inputs either through direct resource extraction or their supply chain. Business activities may also impact the capacity of nature to provide social and economic functions. We recognize that biodiversity impact and loss can be challenging to quantify and measure, but we believe companies should assess environmental inputs and outputs. We encourage companies to report on financially material impacts and dependencies on natural capital relevant to their business.

Other environmental shareholder proposals

For other environmental proposals covering themes including biodiversity, natural capital, deforestation, water usage, (plastic) packaging as well as palm oil, we take a case-by-case approach and will generally support proposals calling for companies to provide disclosure where this is additive to the company's existing efforts, the proposed information pertains to a material financial impact and in our view is of economic benefit to investors.

**SOCIAL TOPICS**

Corporate culture, human capital, and diversity, equity, & inclusion

Through engagement we emphasize to management the importance of how they invest in and cultivate their human capital to perpetuate a strong culture. We assess culture holistically from an alignment of management incentives, responsiveness to employee feedback, evidence of an equitable and sound talent management strategy and commitment to diversity, equity, and inclusion practices that promote shareholder value. We value transparency and use of key performance indicators.

A well-articulated culture statement and talent attraction, retention and development strategy suggest that a company appreciates culture and talent as competitive advantages that can drive long-term value creation. It also sends a strong message when management compensation is linked, when appropriate, to employee satisfaction. If the company conducts regular employee

engagement surveys, we look for leadership to disclosethe results ------------------------------------------------------------------------- both <br> positive and negative-------- so we can monitor patterns and assess whether they are implementing changes based on the

feedback they receive. We consider workplace locations and how a company balances attracting talent with the costs of operating in desirable cities.

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We maintain that a deliberate human capital management strategy should foster a collaborative, productive workplace in which all talent can thrive. One ongoing engagement issue that pertains to human capital management is diversity, equity, and inclusion (DEI). We see DEI practices as a material input to long-term financial performance, so as our clients' fiduciaries, we seek to better understand how and to what extent a company's approach to diversity is integrated with talent management at all levels. This is significantly aided when there is consistent, robust disclosure in place. A sound long-term plan holds more weight than a company's current demographics, so we look for a demonstrable DEI strategy that seeks to improve shareholder value over time and align management incentives accordingly. To that end, we expect companies in the US to publicly disclose their EEO-1 reporting and all companies to disclose their DEI strategy.

Gender and racial pay equity are important parts of our assessment of a company's diversity efforts. Pay inequity can impact shareholder value by exposing a company to challenges with recruiting & retaining talent, job dissatisfaction, workforce turnover, and costly lawsuits. Consequently, we may support proposals asking for improved transparency on a company's gender and/or racial pay gap if existing disclosures are lagging best practice and if the company has not articulated its efforts to promote equal opportunities to advance to senior roles.

We believe diversity among directors, leaders, and employees contributes positively to shareholder value by imbuing a company with myriad perspectives that help it better navigate complex challenges. A strong culture of diversity and inclusion begins in the boardroom. See the Board Diversity section above for more on our approach.

Stakeholders and risk management

In recent years, discourse on opioids, firearms, and sexual harassment has brought the potential for social externalities -----the

negative effects that companies can have on society through their products, cultures, or policies -----

into sharp focus. These nuanced, often misunderstood issues can affect the value of corporate securities.

We encourage companies facing these risks to disclose related risk management strategies. When a company faces litigation or negative press, we inquire about lessons learned and request evidence of substantive changes that aim to prevent recurrence and mitigate downside risk. In these cases, we may also support proposals requesting enhanced disclosure on actions taken by management.

Human rights

Following the 2015 passage of the UK's Modern Slavery Act, a handful of countries have passed laws requiring companies to report on how they are addressing risks related to human rights abuses in their global supply chains. While human rights have been a part of our research and engagement in this context, we seek to assess companies' exposures to these risks, determine the sectors for which this risk is most material (highest possibility of supply-chain exposure), enhance our own engagement questions, and potentially work with external data providers to gain insights on specific companies or industries. To help us assess company practices and drive more substantive engagement with companies on this issue, we will generally support proposals requesting enhanced disclosure on companies' approach to mitigating the risk of human rights violations in their business.

Cybersecurity

Robust cybersecurity practices are imperative for maintaining customer trust, preserving brand strength, and mitigating regulatory risk. Companies that fail to strengthen their cybersecurity platforms may end up bearing large costs. Through engagement, we aim to compare companies' approaches to cyber threats, regardless of region or sector, to distinguish businesses that lag from those that are better prepared.

Political contributions and lobbying

We generally support shareholder proposals asking for enhanced disclosure and board oversight of a company's political and lobbying activities where existing disclosure and board oversight are inadequate. This is because

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sufficient disclosure and board oversight are necessary to evaluate whether and ensure that these activities align with the company's stated strategy and promote shareholder value.

**JAPAN-SPECIFIC TOPICS**

Capital allocation

We hold board chairs accountable for persistently low returns on equity (ROE) in Japan, using a five-year average ROE of below 5% as a guide. Our assessment of a company's capital stewardship complements our assessment of board effectiveness without dictating specific capital allocation decisions. We may make exceptions where ROE is improving, where a long-cycle business warrants a different standard, or where new management is in place, and we feel they should not be punished for the past CEO/Chair's record.

Cross-shareholdings

Cross-shareholdings reduce management accountability by creating a cushion of cross-over investor support. We may vote against the highest-ranking director up for re-election for companies where management has allocated a significant portion (20% or more) of net assets to cross-shareholdings. When considering this issue, we will take into account a company's trajectory in reducing cross-shareholdings over time as well as legitimate business reasons given to retain specific shareholdings.

Board diversity

We look for boards on the Japanese Prime Market to have a minimum 10% gender diversity, not inclusive of statutory auditors. For companies on the Non-Prime Market, we will also look for boards to have a minimum 10% gender diversity, inclusive of statutory auditors as applicable. We may vote against the chair of the board (or CEO in the absence of a board chair) where the board fails to meet this level. We expect to be able to support directors where a credible plan has been adopted to increase gender diversity ahead of the next meeting.

Board independence

We reserve the right to vote against the chair of the board or the most senior executive up for election at Japanese companies if the board of directors fails to meet the following independence expectations:

• For companies on the Prime Market without a controlling shareholder, we expect the board to be comprised of at least one- third independent directors.

• For companies on the Prime Market with a controlling shareholder, we expect the board to be majority independent.

• For companies on the Non-Prime Market with a controlling shareholder, we expect the board to be comprised of at least one- third independent directors.

• For companies on the Non-Prime Market without a controlling shareholder and a two-tiered board, we expect combined one-third independence of the board of directors and the board of statutory auditors, and at least two independent outside directors.

-For companies on the Non-Prime Market without a controlling shareholder and a one-tiered board (with either one or three committees), we expect one-third independence.

We continue to require a majority of the board of statutory auditors to be independent, regardless of the market segments. We further encourage Japanese companies to establish nomination/compensation committees, and to clearly describe the role of the board chair in terms of setting the board agenda and driving accountability.

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Important Information

Wellington Management Company LLP (WMC) is an independently owned investment adviser registered with the US Securities and Exchange Commission (SEC). WMC is also registered with the US Commodity Futures Trading Commission (CFTC) as a commodity trading advisor (CTA) and serves as a CTA to certain clients including commodity pools operated by registered commodity pool operators. WMC provides commodity trading advice to all other clients in reliance on exemptions from CTA registration. WMC, along with its affiliates (collectively, Wellington Management), provides investment management and investment advisory services to institutions around the world. Wellington Management Group LLP (WMG), a Massachusetts limited liability partnership, serves as the ultimate parent holding company of the Wellington Management global organization. All of the partners are full-time professional members of Wellington Management. Located in Boston, Massachusetts, Wellington Management also has offices in

Chicago, Illinois; New York, New York; Radnor, Pennsylvania; San Francisco, California; DIFC, Dubai; Frankfurt; Hong Kong; London; Luxembourg; Madrid; Milan; Shanghai; Singapore; Sydney; Tokyo; Toronto; and Zurich.

This material is prepared for, and authorized for internal use by, designated institutional and professional investors and their consultants or for such other use as may be authorized by Wellington Management. This material and/or its contents are current at the time of writing and may not be reproduced or distributed in whole or in part, for any purpose, without the express written consent of Wellington Management. This material is not intended

to constitute investment advice or an offer to sell, or the solicitation of an offer to purchase shares or other securities. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients.©2024 Wellington Management Company LLP. All rights reserved.

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**John Hancock Diversified Income Fund**

**Notification of Sources of Distribution**

This notice provides shareholders of the John Hancock Diversified Income Fund (NYSE: HEQ) with important information concerning the distribution declared on September 2, 2025, and payable on September 30, 2025. No action is required on your part.

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| | |
|:---|:---|
| Distribution Period: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September 2025 |
| Distribution Amount Per Common Share: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.2500 |

---

The following table sets forth the estimated sources of the current distribution, payable September 30, 2025, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>For the fiscal year-to-date period</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>For the fiscal year-to-date period</u> |
|  | &nbsp;&nbsp;<u>For the period 07/01/2025-09/30/2025</u> | &nbsp;&nbsp;<u>For the period 07/01/2025-09/30/2025</u> | <u>01/01/2025-09/30/2025[<sup>1</sup>](#div7de828d7-c275-4aec-a48d-f507541c1f9a)</u> | <u>01/01/2025-09/30/2025[<sup>1</sup>](#div7de828d7-c275-4aec-a48d-f507541c1f9a)</u> |
|  |  |  |  | % Breakdown |
|  |  | % Breakdown |  | of the Total |
|  | Current | of the Current | Total Cumulative | Cumulative |
| &nbsp;&nbsp;Source | Distribution ($) | Distribution | Distributions ($) | Distributions |
| &nbsp;&nbsp;Net Investment Income | 0.1678 | 67% | 0.5090 | 68% |
| &nbsp;&nbsp;Net Realized Short- |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term Capital Gains | 0.0000 | 0% | 0.0000 | 0% |
| &nbsp;&nbsp;Net Realized Long- |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term Capital Gains | 0.0379 | 15% | 0.0462 | 6% |
| &nbsp;&nbsp;Return of Capital or |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Capital Source | 0.0443 | 18% | 0.1948 | 26% |
| &nbsp;&nbsp;Total per common share | 0.2500 | 100% | 0.7500 | 100% |
| &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on August 31, 2025 | 9.56% |
| &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2025 | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2025 | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2025 | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2025 | 8.20% |
| &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2025 | 9.85% |
|  |  |  |  | 9.85% |
| &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of |  |
| &nbsp;&nbsp;August 31, 2025 |  |  |  | 6.15% |

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You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.

1The Fund's current fiscal year began on January 1, 2025 and will end on December 31, 2025.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the September 2025 distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes fixed quarterly distributions in the amount of $0.2500 per share, which will continue to be paid quarterly until further notice.

If you have questions or need additional information, please contact your financial professional or call the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090, Monday through Friday between 8:00 a.m. and 7:00 p.m., Eastern Time.

------

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**John Hancock Diversified Income Fund**

**Notification of Sources of Distribution**

This notice provides shareholders of the John Hancock Diversified Income Fund (NYSE: HEQ) with important information concerning the distribution declared on December 1, 2025, and payable on December 31, 2025. No action is required on your part.

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| | |
|:---|:---|
| Distribution Period: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 2025 |
| Distribution Amount Per Common Share: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.2500 |

---

The following table sets forth the estimated sources of the current distribution, payable December 31, 2025, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed on a per common share basis and as a percentage of the distribution amount.

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>For the fiscal year-to-date period</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>For the fiscal year-to-date period</u> |
|  | <u>For the period 10/01/2025-12/31/2025</u> | <u>For the period 10/01/2025-12/31/2025</u> | <u>01/01/2025-12/31/2025[<sup>1</sup>](#divac6c9d37-35f9-41de-aa05-327f53629ec4)</u> | <u>01/01/2025-12/31/2025[<sup>1</sup>](#divac6c9d37-35f9-41de-aa05-327f53629ec4)</u> |
|  |  |  |  | % Breakdown |
|  |  | % Breakdown |  | of the Total |
|  | Current | of the Current | Total Cumulative | Cumulative |
| &nbsp;&nbsp;Source | Distribution ($) | Distribution | Distributions ($) | Distributions |
| &nbsp;&nbsp;Net Investment Income | 0.1253 | 50% | 0.6344 | 63% |
| &nbsp;&nbsp;Net Realized Short- |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term Capital Gains | 0.1247 | 50% | 0.1671 | 17% |
| &nbsp;&nbsp;Net Realized Long- |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term Capital Gains | 0.0000 | 0% | 0.1191 | 12% |
| &nbsp;&nbsp;Return of Capital or |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Capital Source | 0.0000 | 0% | 0.0816 | 8% |
| &nbsp;&nbsp;Total per common share | 0.2500 | 100% | 1.0022 | 100% |
| &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on November 28, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on November 28, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on November 28, 2025 | &nbsp;&nbsp;Average annual total return (in relation to NAV) for the 5 years ended on November 28, 2025 | 9.28% |
| &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of November 28, | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of November 28, | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of November 28, | &nbsp;&nbsp;Annualized current distribution rate expressed as a percentage of NAV as of November 28, |  |
| &nbsp;&nbsp;2025 |  |  |  | 8.14% |
| &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through November 28, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through November 28, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through November 28, 2025 | &nbsp;&nbsp;Cumulative total return (in relation to NAV) for the fiscal year through November 28, 2025 | 13.16% |
|  |  |  |  | 13.16% |
| &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of | &nbsp;&nbsp;Cumulative fiscal year-to-date distribution rate expressed as a percentage of NAV as of |  |
| &nbsp;&nbsp;November 28, 2025 |  |  |  | 8.16% |

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You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.

1The Fund's current fiscal year began on January 1, 2025 and will end on December 31, 2025.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The Fund has declared the December 2025 distribution pursuant to the Fund's managed distribution plan (the "Plan"). Under the Plan, the Fund makes fixed quarterly distributions in the amount of $0.2500 per share, which will continue to be paid quarterly until further notice.

If you have questions or need additional information, please contact your financial professional or call the Manulife John Hancock Closed-End Fund Information Line at 1-800-843-0090, Monday through Friday between 8:00 a.m. and 7:00 p.m., Eastern Time.

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