# EDGAR Filing Document

**Accession Number:** 0000756913
**File Stem:** 0000756913-26-000008
**Filing Date:** 2026-3
**Character Count:** 5619901
**Document Hash:** c0ad90c2624c90fb98b2b26687fea753
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000756913-26-000008.hdr.sgml**: 20260305

**ACCESSION NUMBER**: 0000756913-26-000008

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 141

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260305

**DATE AS OF CHANGE**: 20260304

**EFFECTIVENESS DATE**: 20260305

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000756913

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04146
- **FILM NUMBER:** 26723248

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHN HANCOCK TRUST
- **DATE OF NAME CHANGE:** 20050124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19971022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NASL SERIES FUND INC
- **DATE OF NAME CHANGE:** 19881030

## Series and Classes Contracts Data

### American Growth Trust (Series ID: S000008215)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022347 | Series I     | JAHJX           |
| C000022348 | Series II    | JAHKX           |
| C000022349 | Series III   | JAHGX           |

### American International Trust (Series ID: S000008216)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022351 | Series I     | JAHLX           |
| C000022352 | Series II    | JAHMX           |
| C000022353 | Series III   | JAHPX           |

### Blue Chip Growth Trust (Series ID: S000008217)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022354 | NAV          | JAEDX           |
| C000022355 | Series I     | JADZX           |
| C000022356 | Series II    | JADYX           |

### 500 Index Trust (Series ID: S000008219)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022362 | NAV          | JAGMX           |
| C000117967 | Series I     | JFIVX           |
| C000117968 | Series II    | JAGKX           |

### U.S. Growth Trust (Series ID: S000008220)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022366 | NAV          | JAFGX           |
| C000022367 | Series I     | JAFHX           |
| C000022368 | Series II    | JAFJX           |

### Equity Income Trust (Series ID: S000008228)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022398 | NAV          | JAEEX           |
| C000022399 | Series I     | JAEGX           |
| C000022400 | Series II    | JAEFX           |

### Financial Industries Trust (Series ID: S000008229)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022402 | NAV          | JAFNX           |
| C000022403 | Series I     | JEFSX           |
| C000022404 | Series II    | JEFCX           |

### Global Equity Trust (Series ID: S000008231)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022410 | NAV          | JAJGX           |
| C000022411 | Series I     | JEFGX           |
| C000022412 | Series II    | JAJFX           |

### Health Sciences Trust (Series ID: S000008239)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022442 | NAV          | JAFMX           |
| C000022443 | Series I     | JEHSX           |
| C000022444 | Series II    | JAFKX           |

### American Growth-Income Trust (Series ID: S000008247)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022475 | Series I     | JAHQX           |
| C000022476 | Series II    | JAHRX           |
| C000022477 | Series III   | JAHUX           |

### Mid Cap Index Trust (Series ID: S000008285)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022620 | NAV          | JAEYX           |
| C000022621 | Series I     | JECIX           |
| C000022622 | Series II    | JAEZX           |

### Mid Cap Growth Trust (Series ID: S000008286)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022624 | NAV          | JAEVX           |
| C000022625 | Series I     | JAETX           |
| C000022626 | Series II    | JAEUX           |

### Mid Value Trust (Series ID: S000008289)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022636 | NAV          | JAGWX           |
| C000022637 | Series I     | JEMUX           |
| C000022638 | Series II    | JAGYX           |

### Fundamental All Cap Core Trust (Series ID: S000008296)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022664 | NAV          | JADDX           |
| C000022665 | Series I     | JEQAX           |
| C000022666 | Series II    | JFLGX           |

### International Equity Index Trust (Series ID: S000008297)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022668 | NAV          | JVANX           |
| C000117969 | Series I     | JIEQX           |
| C000117970 | Series II    | JAJEX           |

### International Small Company Trust (Series ID: S000008301)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022684 | NAV          | JAJDX           |
| C000022685 | Series I     | JAJCX           |
| C000022686 | Series II    | JAADX           |

### Disciplined Value International Trust (Series ID: S000008302)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022688 | NAV          | JAJJX           |
| C000022689 | Series I     | JAJHX           |
| C000022690 | Series II    | JAJIX           |

### Small Cap Index Trust (Series ID: S000008311)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022703 | NAV          | JAEWX           |
| C000022704 | Series I     | JESIX           |
| C000022705 | Series II    | JAJOX           |

### Small Cap Opportunities Trust (Series ID: S000008312)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022707 | NAV          | JADMX           |
| C000022708 | Series I     | JADLX           |
| C000022709 | Series II    | JADPX           |

### Small Cap Core Trust (Series ID: S000008313)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022711 | Series NAV   | JAHBX           |
| C000022712 | Series I     | JESVX           |
| C000022713 | Series II    | JAGZX           |

### Small Company Value Trust (Series ID: S000008316)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022723 | NAV          | JAEQX           |
| C000022724 | Series I     | JAEPX           |
| C000022725 | Series II    | JAERX           |

### Fundamental Large Cap Value Trust (Series ID: S000008321)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022743 | NAV          | JADIX           |
| C000022744 | Series I     | JVFLX           |
| C000022745 | Series II    | JADJX           |

### Total Stock Market Index Trust (Series ID: S000008325)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022759 | NAV          | JAFEX           |
| C000022760 | Series I     | JETSX           |
| C000022761 | Series II    | JAFFX           |

### Real Estate Securities Trust (Series ID: S000008338)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022811 | NAV          | JAJMX           |
| C000022812 | Series I     | JADBX           |
| C000022813 | Series II    | JAJLX           |

### Science & Technology Trust (Series ID: S000008340)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022819 | NAV          | JAFSX           |
| C000022820 | Series I     | JESTX           |
| C000022821 | Series II    | JAFUX           |

### Small Cap Stock Trust (Series ID: S000008343)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022831 | NAV          | JAGPX           |
| C000022832 | Series I     | JESGX           |
| C000022833 | Series II    | JAGQX           |

### American Asset Allocation Trust (Series ID: S000017250)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047744 | Series I     | JAHZX           |
| C000047745 | Series II    | JAIFX           |
| C000047746 | Series III   | JAIDX           |

### Disciplined Value Emerging Markets Equity Trust (Series ID: S000017255)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047759 | Series I     | JAJBX           |
| C000047760 | Series II    | JEMTX           |
| C000047761 | NAV          | JHVTX           |

### American Global Growth Trust (Series ID: S000017256)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047762 | Series II    | JAHWX           |
| C000047763 | Series III   | JAHVX           |
| C000047764 | Series I     | JAJQX           |

### Capital Appreciation Value Trust (Series ID: S000021933)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000063026 | NAV Class       | JAFRX           |
| C000063027 | Series I Class  | JAFPX           |
| C000063028 | Series II Class | JAFQX           |

### Lifestyle Balanced Portfolio (Series ID: S000032004)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000099620 | Series I     | JHBPX           |
| C000099621 | Series II    | JAILX           |
| C000099622 | NAV          | JAINX           |

### Lifestyle Conservative Portfolio (Series ID: S000032005)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000099623 | Series I     | JHCIX           |
| C000099624 | Series II    | JAIRX           |
| C000099625 | NAV          | JAIQX           |

### Lifestyle Growth Portfolio (Series ID: S000032006)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000099626 | Series I     | JHGPX           |
| C000099627 | Series II    | JAIKX           |
| C000099628 | NAV          | JAIJX           |

### Lifestyle Moderate Portfolio (Series ID: S000032007)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000099629 | Series I     | JHMPX           |
| C000099630 | Series II    | JAIPX           |
| C000099631 | NAV          | JAIOX           |

### Strategic Equity Allocation Trust (Series ID: S000036499)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000111804 | Series NAV   | JAFVX           |

?xml version='1.0' encoding='ASCII'? 6429e077-fc02-4495-9fcd-5cdeaf59927c

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### &nbsp;&nbsp;&nbsp;&nbsp; FORM N-CSR

------

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

#### Investment Company Act file number

#### 811-04146

#### JOHN HANCOCK VARIABLE INSURANCE TRUST
(Exact name of registrant as specified in charter)

------

200 BERKELEY STREET, BOSTON, MA 02116

(Address of principal executive offices) (Zip code)

SALVATORE SCHIAVONE

TREASURER

200 BERKELEY STREET

BOSTON, MA 02116

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(617) 543-9634

#### Date of fiscal year end:

#### December 31

#### Date of reporting period:

#### December 31, 2025
ITEM 1. REPORTS TO STOCKHOLDERS

The Registrant prepared the following annual reports to shareholders for the year ended December 31, 2025:

* John Hancock 500 Index Trust 

* John Hancock American Asset Allocation Trust 

* John Hancock American Global Growth Trust 

* John Hancock American Growth Trust 

* John Hancock American Growth-Income Trust 

* John Hancock American International Trust 

* John Hancock Blue Chip Growth Trust 

* John Hancock Capital Appreciation Value Trust 

* John Hancock Disciplined Value International Trust 

* John Hancock Disciplined Value Emerging Markets Equity Trust 

* John Hancock Equity Income Trust 

* John Hancock Financial Industries Trust 

* John Hancock Fundamental All Cap Core Trust 

* John Hancock Fundamental Large Cap Value Trust 

* John Hancock Global Equity Trust 

* John Hancock Health Sciences Trust 

* John Hancock International Equity Index Trust 

* John Hancock International Small Company Trust 

* John Hancock Lifestyle Balanced Portfolio 

* John Hancock Lifestyle Conservative Portfolio 

* John Hancock Lifestyle Growth Portfolio 

* John Hancock Lifestyle Moderate Portfolio 

* John Hancock Mid Cap Growth Trust 

* John Hancock Mid Cap Index Trust 

* John Hancock Mid Value Trust 

* John Hancock Real Estate Securities Trust 

* John Hancock Science & Technology Trust 

* John Hancock Small Cap Core Trust (formerly Small Cap Value Trust) 

* John Hancock Small Cap Index Trust 

* John Hancock Small Cap Opportunities Trust 

* John Hancock Small Cap Stock Trust 

* John Hancock Small Company Value Trust 

* John Hancock Strategic Equity Allocation Trust 

* John Hancock Total Stock Market Index Trust 

* John Hancock U.S. Growth Trust (formerly Capital Appreciation Trust) 

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust 500 Index Trust
Series I/JFIVX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the 500 Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| 500 Index Trust<br>(Series I/JFIVX) | $33 | 0.30% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
500 Index Trust (Series I/JFIVX) returned 17.52% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The financials and communication services sectors also added to absolute performance with holdings in JPMorgan Chase & Co. and Alphabet, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288934.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| 500 Index Trust (Series I/JFIVX) | 17.52% | 14.06% | 14.47% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$12226562184 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$22967678 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;2% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.6% |
| Apple, Inc. | 6.7% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 3.8% |
| Alphabet, Inc., Class A | 3.1% |
| Broadcom, Inc. | 2.7% |
| Alphabet, Inc., Class C | 2.4% |
| Meta Platforms, Inc., Class A | 2.4% |
| Tesla, Inc. | 2.1% |
| Berkshire Hathaway, Inc., Class B | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 33.8% |
| Financials | 13.1% |
| Communication services | 10.4% |
| Consumer discretionary | 10.2% |
| Health care | 9.4% |
| Industrials | 8.0% |
| Consumer staples | 4.6% |
| Energy | 2.8% |
| Utilities | 2.2% |
| Materials | 1.8% |
| Real estate | 1.8% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FIVE-A-I

12/25

2/26

500 Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust 500 Index Trust
Series II/JAGKX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the 500 Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| 500 Index Trust<br>(Series II/JAGKX) | $54 | 0.50% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
500 Index Trust (Series II/JAGKX) returned 17.27% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The financials and communication services sectors also added to absolute performance with holdings in JPMorgan Chase & Co. and Alphabet, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288903.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| 500 Index Trust (Series II/JAGKX) | 17.27% | 13.84% | 14.24% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$12226562184 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$22967678 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;2% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.6% |
| Apple, Inc. | 6.7% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 3.8% |
| Alphabet, Inc., Class A | 3.1% |
| Broadcom, Inc. | 2.7% |
| Alphabet, Inc., Class C | 2.4% |
| Meta Platforms, Inc., Class A | 2.4% |
| Tesla, Inc. | 2.1% |
| Berkshire Hathaway, Inc., Class B | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 33.8% |
| Financials | 13.1% |
| Communication services | 10.4% |
| Consumer discretionary | 10.2% |
| Health care | 9.4% |
| Industrials | 8.0% |
| Consumer staples | 4.6% |
| Energy | 2.8% |
| Utilities | 2.2% |
| Materials | 1.8% |
| Real estate | 1.8% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FIVE-A-II

12/25

2/26

500 Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust 500 Index Trust
Series NAV/JAGMX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the 500 Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| 500 Index Trust<br>(Series NAV/JAGMX) | $27 | 0.25% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
500 Index Trust (Series NAV/JAGMX) returned 17.57% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The financials and communication services sectors also added to absolute performance with holdings in JPMorgan Chase & Co. and Alphabet, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288882.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| 500 Index Trust (Series NAV/JAGMX) | 17.57% | 14.12% | 14.52% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$12226562184 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$22967678 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;2% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.6% |
| Apple, Inc. | 6.7% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 3.8% |
| Alphabet, Inc., Class A | 3.1% |
| Broadcom, Inc. | 2.7% |
| Alphabet, Inc., Class C | 2.4% |
| Meta Platforms, Inc., Class A | 2.4% |
| Tesla, Inc. | 2.1% |
| Berkshire Hathaway, Inc., Class B | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 33.8% |
| Financials | 13.1% |
| Communication services | 10.4% |
| Consumer discretionary | 10.2% |
| Health care | 9.4% |
| Industrials | 8.0% |
| Consumer staples | 4.6% |
| Energy | 2.8% |
| Utilities | 2.2% |
| Materials | 1.8% |
| Real estate | 1.8% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FIVE-A-NAV

12/25

2/26 500 Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Asset Allocation Trust
Series I/JAHZX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Asset Allocation Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Asset Allocation Trust<br>(Series I/JAHZX) | $67 | 0.62% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Asset Allocation Trust (Series I/JAHZX) returned 15.39% for the year ended December 31, 2025. U.S. equities saw strong gains, and at the same time, the U.S. fixed income market delivered solid returns as corporate bond yields hovered near the upper end of their 15-year range. Although inflation rose slightly on the lingering effect of tariffs, signs of labor market weakness and economic uncertainty prompted the Federal Reserve to cut interest rates three times in 2025.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Holdings in most equity sectors produced positive returns, with the information technology sector being particularly additive to results.

**Other strong performers** \| The materials, industrials and consumer staples sectors also saw returns surpassing those of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, the fund's holdings in the financials, energy and utilities sectors detracted from the absolute portfolio's returns.

**Fixed income holdings** \| The bond portfolio yielded lower returns than equities but continued to provide stability and income.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290029.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Asset Allocation Trust (Series I/JAHZX) | 15.39% | 8.57% | 9.37% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1221794017 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Asset Allocation Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 65.5% |
| Collateralized mortgage obligations | 10.2% |
| Corporate bonds | 9.7% |
| U.S. Government and agency obligations | 8.5% |
| Asset-backed securities | 1.9% |
| Foreign government obligations | 0.4% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMAS-A-I

12/25

2/26 American Asset Allocation Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Asset Allocation Trust
Series II/JAIFX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Asset Allocation Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Asset Allocation Trust<br>(Series II/JAIFX) | $76 | 0.71% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Asset Allocation Trust (Series II/JAIFX) returned 15.31% for the year ended December 31, 2025. U.S. equities saw strong gains, and at the same time, the U.S. fixed income market delivered solid returns as corporate bond yields hovered near the upper end of their 15-year range. Although inflation rose slightly on the lingering effect of tariffs, signs of labor market weakness and economic uncertainty prompted the Federal Reserve to cut interest rates three times in 2025.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Holdings in most equity sectors produced positive returns, with the information technology sector being particularly additive to results.

**Other strong performers** \| The materials, industrials and consumer staples sectors also saw returns surpassing those of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, the fund's holdings in the financials, energy and utilities sectors detracted from the absolute portfolio's returns.

**Fixed income holdings** \| The bond portfolio yielded lower returns than equities but continued to provide stability and income.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290000.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Asset Allocation Trust (Series II/JAIFX) | 15.31% | 8.47% | 9.27% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1221794017 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Asset Allocation Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 65.5% |
| Collateralized mortgage obligations | 10.2% |
| Corporate bonds | 9.7% |
| U.S. Government and agency obligations | 8.5% |
| Asset-backed securities | 1.9% |
| Foreign government obligations | 0.4% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMAS-A-II

12/25

2/26 American Asset Allocation Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Asset Allocation Trust
Series III/JAIDX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Asset Allocation Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Asset Allocation Trust<br>(Series III/JAIDX) | $29 | 0.27% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Asset Allocation Trust (Series III/JAIDX) returned 15.76% for the year ended December 31, 2025. U.S. equities saw strong gains, and at the same time, the U.S. fixed income market delivered solid returns as corporate bond yields hovered near the upper end of their 15-year range. Although inflation rose slightly on the lingering effect of tariffs, signs of labor market weakness and economic uncertainty prompted the Federal Reserve to cut interest rates three times in 2025.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Holdings in most equity sectors produced positive returns, with the information technology sector being particularly additive to results.

**Other strong performers** \| The materials, industrials and consumer staples sectors also saw returns surpassing those of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, the fund's holdings in the financials, energy and utilities sectors detracted from the absolute portfolio's returns.

**Fixed income holdings** \| The bond portfolio yielded lower returns than equities but continued to provide stability and income.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289979.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Asset Allocation Trust (Series III/JAIDX) | 15.76% | 8.94% | 9.76% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1221794017 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Asset Allocation Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 65.5% |
| Collateralized mortgage obligations | 10.2% |
| Corporate bonds | 9.7% |
| U.S. Government and agency obligations | 8.5% |
| Asset-backed securities | 1.9% |
| Foreign government obligations | 0.4% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMAS-A-III

12/25

2/26

American Asset Allocation Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Global Growth Trust
Series I/JAJQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Global Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Global Growth Trust<br>(Series I/JAJQX) | $74 | 0.67% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Global Growth Trust (Series I/JAJQX) returned 21.17% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with the information technology and communication services sectors contributing significantly.

**Other strong performers** \| The industrials, health care, materials and consumer discretionary sectors also delivered positive returns.

**Country allocation** \| U.S.-based holdings, representing the majority of the portfolio, contributed most of the fund's performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The financials and energy sectors were detractors from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290118.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Global Growth Trust (Series I/JAJQX) | 21.17% | 7.81% | 11.74% |
| MSCI ACWI | 22.34% | 11.19% | 11.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$206821960 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;16% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Global Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 29.4% |
| Industrials | 17.7% |
| Consumer discretionary | 13.9% |
| Financials | 13.9% |
| Health care | 7.7% |
| Communication services | 5.4% |
| Consumer staples | 3.3% |
| Materials | 2.5% |
| Energy | 1.3% |
| Real estate | 1.2% |
| Utilities | 0.6% |
| Short-term investments and other | 3.1% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGL-A-I

12/25

2/26

American Global Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Global Growth Trust
Series II/JAHWX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Global Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Global Growth Trust<br>(Series II/JAHWX) | $82 | 0.74% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Global Growth Trust (Series II/JAHWX) returned 21.08% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with the information technology and communication services sectors contributing significantly.

**Other strong performers** \| The industrials, health care, materials and consumer discretionary sectors also delivered positive returns.

**Country allocation** \| U.S.-based holdings, representing the majority of the portfolio, contributed most of the fund's performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The financials and energy sectors were detractors from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290089.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Global Growth Trust (Series II/JAHWX) | 21.08% | 7.74% | 11.65% |
| MSCI ACWI | 22.34% | 11.19% | 11.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$206821960 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;16% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Global Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 29.4% |
| Industrials | 17.7% |
| Consumer discretionary | 13.9% |
| Financials | 13.9% |
| Health care | 7.7% |
| Communication services | 5.4% |
| Consumer staples | 3.3% |
| Materials | 2.5% |
| Energy | 1.3% |
| Real estate | 1.2% |
| Utilities | 0.6% |
| Short-term investments and other | 3.1% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGL-A-II

12/25

2/26

American Global Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Global Growth Trust
Series III/JAHVX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Global Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Global Growth Trust<br>(Series III/JAHVX) | $35 | 0.32% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Global Growth Trust (Series III/JAHVX) returned 21.55% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with the information technology and communication services sectors contributing significantly.

**Other strong performers** \| The industrials, health care, materials and consumer discretionary sectors also delivered positive returns.

**Country allocation** \| U.S.-based holdings, representing the majority of the portfolio, contributed most of the fund's performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The financials and energy sectors were detractors from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290080.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Global Growth Trust (Series III/JAHVX) | 21.55% | 8.18% | 12.12% |
| MSCI ACWI | 22.34% | 11.19% | 11.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$206821960 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;16% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Global Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 29.4% |
| Industrials | 17.7% |
| Consumer discretionary | 13.9% |
| Financials | 13.9% |
| Health care | 7.7% |
| Communication services | 5.4% |
| Consumer staples | 3.3% |
| Materials | 2.5% |
| Energy | 1.3% |
| Real estate | 1.2% |
| Utilities | 0.6% |
| Short-term investments and other | 3.1% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGL-A-III

12/25

2/26

American Global Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth Trust
Series I/JAHJX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth Trust<br>(Series I/JAHJX) | $68 | 0.62% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth Trust (Series I/JAHJX) returned 19.81% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, successfully navigating trade tensions and geopolitical volatility. U.S. equities advanced on robust large-cap technology performance, though momentum slowed later in the year, while stocks in the U.K. and Japan benefited from supportive monetary and fiscal policies. Emerging markets led the rally with notable strength in South Korea, Taiwan, and China, whereas India remained relatively flat despite favorable macroeconomic conditions.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with information technology, industrials, financials and consumer staples sectors contributing most significantly.

**Other strong performers** \| Returns from the communication services and consumer discretionary sectors were also positive.

**Country allocation** \| Companies based in the U.S., France and Taiwan made meaningful contributions to investment results.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The health care and real estate sectors were the largest detractors from overall results.

**Country allocation** \| Holdings in Denmark and Australia were among the most notable detractors for the fund.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291449.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth Trust (Series I/JAHJX) | 19.81% | 12.95% | 17.53% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1098549490 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.7% |
| Communication services | 17.1% |
| Consumer discretionary | 15.7% |
| Health care | 11.0% |
| Industrials | 9.2% |
| Financials | 7.4% |
| Consumer staples | 1.9% |
| Materials | 1.8% |
| Energy | 1.5% |
| Real estate | 0.7% |
| Utilities | 0.7% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGR-A-I

12/25

2/26

American Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth Trust
Series II/JAHKX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth Trust<br>(Series II/JAHKX) | $75 | 0.68% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth Trust (Series II/JAHKX) returned 19.73% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, successfully navigating trade tensions and geopolitical volatility. U.S. equities advanced on robust large-cap technology performance, though momentum slowed later in the year, while stocks in the U.K. and Japan benefited from supportive monetary and fiscal policies. Emerging markets led the rally with notable strength in South Korea, Taiwan, and China, whereas India remained relatively flat despite favorable macroeconomic conditions.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with information technology, industrials, financials and consumer staples sectors contributing most significantly.

**Other strong performers** \| Returns from the communication services and consumer discretionary sectors were also positive.

**Country allocation** \| Companies based in the U.S., France and Taiwan made meaningful contributions to investment results.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The health care and real estate sectors were the largest detractors from overall results.

**Country allocation** \| Holdings in Denmark and Australia were among the most notable detractors for the fund.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291421.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth Trust (Series II/JAHKX) | 19.73% | 12.88% | 17.46% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1098549490 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.7% |
| Communication services | 17.1% |
| Consumer discretionary | 15.7% |
| Health care | 11.0% |
| Industrials | 9.2% |
| Financials | 7.4% |
| Consumer staples | 1.9% |
| Materials | 1.8% |
| Energy | 1.5% |
| Real estate | 0.7% |
| Utilities | 0.7% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGR-A-II

12/25

2/26

American Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth Trust
Series III/JAHGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth Trust<br>(Series III/JAHGX) | $30 | 0.27% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth Trust (Series III/JAHGX) returned 20.17% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, successfully navigating trade tensions and geopolitical volatility. U.S. equities advanced on robust large-cap technology performance, though momentum slowed later in the year, while stocks in the U.K. and Japan benefited from supportive monetary and fiscal policies. Emerging markets led the rally with notable strength in South Korea, Taiwan, and China, whereas India remained relatively flat despite favorable macroeconomic conditions.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains for the fund, with information technology, industrials, financials and consumer staples sectors contributing most significantly.

**Other strong performers** \| Returns from the communication services and consumer discretionary sectors were also positive.

**Country allocation** \| Companies based in the U.S., France and Taiwan made meaningful contributions to investment results.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The health care and real estate sectors were the largest detractors from overall results.

**Country allocation** \| Holdings in Denmark and Australia were among the most notable detractors for the fund.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291411.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth Trust (Series III/JAHGX) | 20.17% | 13.35% | 17.94% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1098549490 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.7% |
| Communication services | 17.1% |
| Consumer discretionary | 15.7% |
| Health care | 11.0% |
| Industrials | 9.2% |
| Financials | 7.4% |
| Consumer staples | 1.9% |
| Materials | 1.8% |
| Energy | 1.5% |
| Real estate | 0.7% |
| Utilities | 0.7% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGR-A-III

12/25

2/26

American Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth-Income Trust
Series I/JAHQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth-Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth-Income Trust<br>(Series I/JAHQX) | $69 | 0.63% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth-Income Trust (Series I/JAHQX) returned 17.65% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors contributed positively to fund results, with information technology, industrials and communication services sectors being particularly impactful.

**Financials** \| Financials sector posted positive returns, although they lagged the overall portfolio.

**Consumer staples** \| Consumer staples sector also added to absolute returns but represented a relatively small portion of fund's holdings.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The materials and utilities sectors had negative returns and detracted from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291271.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth-Income Trust (Series I/JAHQX) | 17.65% | 13.48% | 13.50% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1002540190 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;13% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth-Income Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 31.3% |
| Industrials | 13.6% |
| Financials | 12.0% |
| Consumer discretionary | 10.0% |
| Health care | 10.0% |
| Communication services | 8.0% |
| Energy | 4.0% |
| Consumer staples | 2.9% |
| Materials | 2.3% |
| Utilities | 2.1% |
| Real estate | 1.2% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGI-A-I

12/25

2/26

American Growth-Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth-Income Trust
Series II/JAHRX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth-Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth-Income Trust<br>(Series II/JAHRX) | $77 | 0.71% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth-Income Trust (Series II/JAHRX) returned 17.53% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors contributed positively to fund results, with information technology, industrials and communication services sectors being particularly impactful.

**Financials** \| Financials sector posted positive returns, although they lagged the overall portfolio.

**Consumer staples** \| Consumer staples sector also added to absolute returns but represented a relatively small portion of fund's holdings.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The materials and utilities sectors had negative returns and detracted from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291242.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth-Income Trust (Series II/JAHRX) | 17.53% | 13.38% | 13.41% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1002540190 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;13% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth-Income Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 31.3% |
| Industrials | 13.6% |
| Financials | 12.0% |
| Consumer discretionary | 10.0% |
| Health care | 10.0% |
| Communication services | 8.0% |
| Energy | 4.0% |
| Consumer staples | 2.9% |
| Materials | 2.3% |
| Utilities | 2.1% |
| Real estate | 1.2% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGI-A-II

12/25

2/26 American Growth-Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American Growth-Income Trust
Series III/JAHUX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American Growth-Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American Growth-Income Trust<br>(Series III/JAHUX) | $31 | 0.28% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American Growth-Income Trust (Series III/JAHUX) returned 18.10% for the year ended December 31, 2025. U.S. equities delivered solid returns in 2025, as strong gains from growth sectors supported performance. Resilient consumer spending and moderating inflation supported strong market performance throughout the year. Strong consumer spending boosted the U.S. economy, especially in the third quarter. However, persistent softness in the labor market prompted the U.S. Federal Reserve to deliver three 25-basis-point rate cuts during the year.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors contributed positively to fund results, with information technology, industrials and communication services sectors being particularly impactful.

**Financials** \| Financials sector posted positive returns, although they lagged the overall portfolio.

**Consumer staples** \| Consumer staples sector also added to absolute returns but represented a relatively small portion of fund's holdings.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| The materials and utilities sectors had negative returns and detracted from overall results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291221.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American Growth-Income Trust (Series III/JAHUX) | 18.10% | 13.89% | 13.91% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1002540190 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;13% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – Growth-Income Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 31.3% |
| Industrials | 13.6% |
| Financials | 12.0% |
| Consumer discretionary | 10.0% |
| Health care | 10.0% |
| Communication services | 8.0% |
| Energy | 4.0% |
| Consumer staples | 2.9% |
| Materials | 2.3% |
| Utilities | 2.1% |
| Real estate | 1.2% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMGI-A-III

12/25

2/26 American Growth-Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American International Trust
Series I/JAHLX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American International Trust<br>(Series I/JAHLX) | $77 | 0.68% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American International Trust (Series I/JAHLX) returned 26.14% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, overcoming trade tensions and geopolitical volatility. European equities advanced on easing inflation and improving investor confidence, with Germany driving growth through major infrastructure and defense spending. Equities in the U.K. and Japan benefited from accommodative monetary policies and fiscal stimulus measures. Emerging markets were the standout performers, driven by strong returns from South Korea, Taiwan and China, while India remained relatively flat despite solid macroeconomic fundamentals.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains, with financials, information technology, communication services and materials sectors contributing significantly.

**Other positive performers** \| Returns from the industrials and consumer staples sectors were also positive, though below the portfolio's overall results.

**Region allocation** \| Companies based in the U.K., Canada and South Korea generated strong gains, surpassing returns of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, holdings in the health care sector significantly dragged results. The real estate sector also posted negative returns.

**Regional allocation** \| Country-wise, Denmark was the most notable detractor on absolute results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291360.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American International Trust (Series I/JAHLX) | 26.14% | 2.99% | 6.59% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$388059676 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – International Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 17.3% |
| Industrials | 16.3% |
| Information technology | 15.1% |
| Materials | 12.4% |
| Communication services | 9.6% |
| Consumer discretionary | 9.0% |
| Health care | 6.0% |
| Energy | 5.6% |
| Consumer staples | 4.5% |
| Utilities | 2.8% |
| Short-term investments and other | 1.4% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 9-11, 2025, the Board of Trustees of the Trust voted to recommend that the shareholders of the fund approve a reorganization, that is not expected to be a taxable event for contract owners, of the fund into Disciplined Value International Trust, also a series of the Trust. Shareholders of record as of February 6, 2026, are entitled to vote on the reorganization. A shareholder meeting is scheduled to be held on or about April 7, 2026. If approved by the fund's shareholders, the reorganization is expected to occur as of the close of business on or about April 24, 2026.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMIN-A-I

12/25

2/26

American International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American International Trust
Series II/JAHMX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American International Trust<br>(Series II/JAHMX) | $88 | 0.78% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American International Trust (Series II/JAHMX) returned 26.09% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, overcoming trade tensions and geopolitical volatility. European equities advanced on easing inflation and improving investor confidence, with Germany driving growth through major infrastructure and defense spending. Equities in the U.K. and Japan benefited from accommodative monetary policies and fiscal stimulus measures. Emerging markets were the standout performers, driven by strong returns from South Korea, Taiwan and China, while India remained relatively flat despite solid macroeconomic fundamentals.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains, with financials, information technology, communication services and materials sectors contributing significantly.

**Other positive performers** \| Returns from the industrials and consumer staples sectors were also positive, though below the portfolio's overall results.

**Region allocation** \| Companies based in the U.K., Canada and South Korea generated strong gains, surpassing returns of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, holdings in the health care sector significantly dragged results. The real estate sector also posted negative returns.

**Regional allocation** \| Country-wise, Denmark was the most notable detractor on absolute results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291331.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American International Trust (Series II/JAHMX) | 26.09% | 2.88% | 6.46% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$388059676 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – International Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 17.3% |
| Industrials | 16.3% |
| Information technology | 15.1% |
| Materials | 12.4% |
| Communication services | 9.6% |
| Consumer discretionary | 9.0% |
| Health care | 6.0% |
| Energy | 5.6% |
| Consumer staples | 4.5% |
| Utilities | 2.8% |
| Short-term investments and other | 1.4% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 9-11, 2025, the Board of Trustees of the Trust voted to recommend that the shareholders of the fund approve a reorganization, that is not expected to be a taxable event for contract owners, of the fund into Disciplined Value International Trust, also a series of the Trust. Shareholders of record as of February 6, 2026, are entitled to vote on the reorganization. A shareholder meeting is scheduled to be held on or about April 7, 2026. If approved by the fund's shareholders, the reorganization is expected to occur as of the close of business on or about April 24, 2026.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMIN-A-II

12/25

2/26

American International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust American International Trust
Series III/JAHPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the American International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| American International Trust<br>(Series III/JAHPX) | $37 | 0.33% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
American International Trust (Series III/JAHPX) returned 26.63% for the year ended December 31, 2025. Global equity markets posted strong gains in 2025, overcoming trade tensions and geopolitical volatility. European equities advanced on easing inflation and improving investor confidence, with Germany driving growth through major infrastructure and defense spending. Equities in the U.K. and Japan benefited from accommodative monetary policies and fiscal stimulus measures. Emerging markets were the standout performers, driven by strong returns from South Korea, Taiwan and China, while India remained relatively flat despite solid macroeconomic fundamentals.

#### TOP PERFORMANCE CONTRIBUTORS
**Strongest sectors** \| Most sectors posted gains, with financials, information technology, communication services and materials sectors contributing significantly.

**Other positive performers** \| Returns from the industrials and consumer staples sectors were also positive, though below the portfolio's overall results.

**Region allocation** \| Companies based in the U.K., Canada and South Korea generated strong gains, surpassing returns of the overall portfolio.

#### TOP PERFORMANCE DETRACTORS
**Weakest sectors** \| Conversely, holdings in the health care sector significantly dragged results. The real estate sector also posted negative returns.

**Regional allocation** \| Country-wise, Denmark was the most notable detractor on absolute results.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291322.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| American International Trust (Series III/JAHPX) | 26.63% | 3.35% | 6.96% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$388059676 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund. The weightings represent the holdings of American Funds Insurance Series – International Fund. For further details, please visit the American Funds website at americanfunds.com/afis.

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 17.3% |
| Industrials | 16.3% |
| Information technology | 15.1% |
| Materials | 12.4% |
| Communication services | 9.6% |
| Consumer discretionary | 9.0% |
| Health care | 6.0% |
| Energy | 5.6% |
| Consumer staples | 4.5% |
| Utilities | 2.8% |
| Short-term investments and other | 1.4% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 9-11, 2025, the Board of Trustees of the Trust voted to recommend that the shareholders of the fund approve a reorganization, that is not expected to be a taxable event for contract owners, of the fund into Disciplined Value International Trust, also a series of the Trust. Shareholders of record as of February 6, 2026, are entitled to vote on the reorganization. A shareholder meeting is scheduled to be held on or about April 7, 2026. If approved by the fund's shareholders, the reorganization is expected to occur as of the close of business on or about April 24, 2026.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

AMIN-A-III

12/25

2/26

American International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Blue Chip Growth Trust
Series I/JADZX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Blue Chip Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Blue Chip Growth Trust<br>(Series I/JADZX) | $85 | 0.78% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Blue Chip Growth Trust (Series I/JADZX) returned 18.52% for the year ended December 31, 2025. U.S. stocks rose in 2025 after a volatile start driven by concerns over President Trump's proposed tariffs and their inflationary impact. Markets rebounded when the administration paused many of the tariffs and pursued new trade negotiations. Equities continued climbing as U.S.–China relations improved, corporate earnings remained strong, and investors favored AI and other high-growth sectors. Additional support came from Congress passing stimulative tax measures and the U.S. Federal Reserve cutting interest rates three times despite elevated inflation.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| The communication services sector also contributed positively to absolute returns for the period, supported by gains in Alphabet, Inc.

**Consumer discretionary** \| The consumer discretionary sector delivered positive absolute returns, with notable contribution from Carvana Company.

**Industrials** \| The industrials sector added to absolute returns as well, led by robust results from General Electric Company.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from absolute performance, primarily due to weakness in The Procter & Gamble Company.

**Energy** \| The energy sector also weighed on absolute returns for the period, with Schlumberger, Ltd. serving as the main detractor.

**Materials** \| The materials sector had a modest negative impact on absolute returns, driven by underperformance from The Sherwin-Williams Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291000.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Blue Chip Growth Trust (Series I/JADZX) | 18.52% | 11.71% | 15.56% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2193315288 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;63 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$14164617 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;18% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.2% |
| Microsoft Corp. | 11.9% |
| Apple, Inc. | 9.0% |
| Amazon.com, Inc. | 6.4% |
| Alphabet, Inc., Class C | 5.7% |
| Broadcom, Inc. | 4.9% |
| Meta Platforms, Inc., Class A | 4.8% |
| Carvana Company | 4.1% |
| Eli Lilly & Company | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 47.9% |
| Consumer discretionary | 16.9% |
| Communication services | 14.9% |
| Financials | 8.1% |
| Health care | 7.0% |
| Industrials | 3.2% |
| Consumer staples | 0.7% |
| Materials | 0.6% |
| Utilities | 0.5% |
| Short-term investments and other | 0.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

BLUG-A-I

12/25

2/26

Blue Chip Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Blue Chip Growth Trust
Series II/JADYX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Blue Chip Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Blue Chip Growth Trust<br>(Series II/JADYX) | $107 | 0.98% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Blue Chip Growth Trust (Series II/JADYX) returned 18.26% for the year ended December 31, 2025. U.S. stocks rose in 2025 after a volatile start driven by concerns over President Trump's proposed tariffs and their inflationary impact. Markets rebounded when the administration paused many of the tariffs and pursued new trade negotiations. Equities continued climbing as U.S.–China relations improved, corporate earnings remained strong, and investors favored AI and other high-growth sectors. Additional support came from Congress passing stimulative tax measures and the U.S. Federal Reserve cutting interest rates three times despite elevated inflation.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| The communication services sector also contributed positively to absolute returns for the period, supported by gains in Alphabet, Inc.

**Consumer discretionary** \| The consumer discretionary sector delivered positive absolute returns, with notable contribution from Carvana Company.

**Industrials** \| The industrials sector added to absolute returns as well, led by robust results from General Electric Company.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from absolute performance, primarily due to weakness in The Procter & Gamble Company.

**Energy** \| The energy sector also weighed on absolute returns for the period, with Schlumberger, Ltd. serving as the main detractor.

**Materials** \| The materials sector had a modest negative impact on absolute returns, driven by underperformance from The Sherwin-Williams Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290969.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Blue Chip Growth Trust (Series II/JADYX) | 18.26% | 11.48% | 15.33% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2193315288 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;63 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$14164617 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;18% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.2% |
| Microsoft Corp. | 11.9% |
| Apple, Inc. | 9.0% |
| Amazon.com, Inc. | 6.4% |
| Alphabet, Inc., Class C | 5.7% |
| Broadcom, Inc. | 4.9% |
| Meta Platforms, Inc., Class A | 4.8% |
| Carvana Company | 4.1% |
| Eli Lilly & Company | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 47.9% |
| Consumer discretionary | 16.9% |
| Communication services | 14.9% |
| Financials | 8.1% |
| Health care | 7.0% |
| Industrials | 3.2% |
| Consumer staples | 0.7% |
| Materials | 0.6% |
| Utilities | 0.5% |
| Short-term investments and other | 0.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

BLUG-A-II

12/25

2/26 Blue Chip Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Blue Chip Growth Trust
Series NAV/JAEDX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Blue Chip Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Blue Chip Growth Trust<br>(Series NAV/JAEDX) | $80 | 0.73% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Blue Chip Growth Trust (Series NAV/JAEDX) returned 18.57% for the year ended December 31, 2025. U.S. stocks rose in 2025 after a volatile start driven by concerns over President Trump's proposed tariffs and their inflationary impact. Markets rebounded when the administration paused many of the tariffs and pursued new trade negotiations. Equities continued climbing as U.S.–China relations improved, corporate earnings remained strong, and investors favored AI and other high-growth sectors. Additional support came from Congress passing stimulative tax measures and the U.S. Federal Reserve cutting interest rates three times despite elevated inflation.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| The communication services sector also contributed positively to absolute returns for the period, supported by gains in Alphabet, Inc.

**Consumer discretionary** \| The consumer discretionary sector delivered positive absolute returns, with notable contribution from Carvana Company.

**Industrials** \| The industrials sector added to absolute returns as well, led by robust results from General Electric Company.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from absolute performance, primarily due to weakness in The Procter & Gamble Company.

**Energy** \| The energy sector also weighed on absolute returns for the period, with Schlumberger, Ltd. serving as the main detractor.

**Materials** \| The materials sector had a modest negative impact on absolute returns, driven by underperformance from The Sherwin-Williams Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290960.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Blue Chip Growth Trust (Series NAV/JAEDX) | 18.57% | 11.76% | 15.62% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2193315288 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;63 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$14164617 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;18% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.2% |
| Microsoft Corp. | 11.9% |
| Apple, Inc. | 9.0% |
| Amazon.com, Inc. | 6.4% |
| Alphabet, Inc., Class C | 5.7% |
| Broadcom, Inc. | 4.9% |
| Meta Platforms, Inc., Class A | 4.8% |
| Carvana Company | 4.1% |
| Eli Lilly & Company | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 47.9% |
| Consumer discretionary | 16.9% |
| Communication services | 14.9% |
| Financials | 8.1% |
| Health care | 7.0% |
| Industrials | 3.2% |
| Consumer staples | 0.7% |
| Materials | 0.6% |
| Utilities | 0.5% |
| Short-term investments and other | 0.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

BLUG-A-NAV

12/25

2/26 Blue Chip Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Capital Appreciation Value Trust
Series I/JAFPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Capital Appreciation Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Capital Appreciation Value Trust<br>(Series I/JAFPX) | $94 | 0.89% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Capital Appreciation Value Trust (Series I/JAFPX) returned 11.61% for the year ended December 31, 2025. U.S. equities rose in 2025 despite significant early-year volatility driven by President Trump's sweeping tariff announcements, which ignited inflation concerns and triggered a sharp market sell-off. Stocks rebounded after the administration issued a 90-day pause on additional tariffs in April and continued to advance as trade negotiations improved and corporate fundamentals remained supportive. Additional momentum came from renewed Federal Reserve rate cuts later in the year, which helped bolster investor sentiment despite ongoing inflation pressures.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| Strong absolute performance in the communication services sector, led by Alphabet, Inc., contributed positively to results for the period.

**Utilities** \| Utilities provided a positive contribution, driven by strong performance from CenterPoint Energy, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from the fund's performance driven by performance from Keurig Dr. Pepper, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289940.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Capital Appreciation Value Trust (Series I/JAFPX) | 11.61% | 9.06% | 10.90% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$490863021 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;219 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$3771766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 4.7% |
| NVIDIA Corp. | 4.4% |
| Apple, Inc. | 4.0% |
| Alphabet, Inc., Class A | 3.9% |
| Amazon.com, Inc. | 3.7% |
| U.S. Treasury Note, 3.625%, 10/31/2030 | 3.6% |
| U.S. Treasury Note, 3.500%, 11/30/2030 | 3.3% |
| U.S. Treasury Note, 3.875%, 07/31/2030 | 3.2% |
| Becton, Dickinson and Company | 2.6% |
| CenterPoint Energy, Inc. | 2.1% |

---

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 64.0% |
| U.S. Government | 16.3% |
| Term loans | 9.7% |
| Corporate bonds | 7.4% |
| Asset-backed securities | 0.1% |
| Short-term investments and other | 2.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAVA-A-I

12/25

2/26

Capital Appreciation Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Capital Appreciation Value Trust
Series II/JAFQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Capital Appreciation Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Capital Appreciation Value Trust<br>(Series II/JAFQX) | $115 | 1.09% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Capital Appreciation Value Trust (Series II/JAFQX) returned 11.35% for the year ended December 31, 2025. U.S. equities rose in 2025 despite significant early-year volatility driven by President Trump's sweeping tariff announcements, which ignited inflation concerns and triggered a sharp market sell-off. Stocks rebounded after the administration issued a 90-day pause on additional tariffs in April and continued to advance as trade negotiations improved and corporate fundamentals remained supportive. Additional momentum came from renewed Federal Reserve rate cuts later in the year, which helped bolster investor sentiment despite ongoing inflation pressures.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| Strong absolute performance in the communication services sector, led by Alphabet, Inc., contributed positively to results for the period.

**Utilities** \| Utilities provided a positive contribution, driven by strong performance from CenterPoint Energy, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from the fund's performance driven by performance from Keurig Dr. Pepper, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289909.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Capital Appreciation Value Trust (Series II/JAFQX) | 11.35% | 8.84% | 10.67% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$490863021 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;219 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$3771766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 4.7% |
| NVIDIA Corp. | 4.4% |
| Apple, Inc. | 4.0% |
| Alphabet, Inc., Class A | 3.9% |
| Amazon.com, Inc. | 3.7% |
| U.S. Treasury Note, 3.625%, 10/31/2030 | 3.6% |
| U.S. Treasury Note, 3.500%, 11/30/2030 | 3.3% |
| U.S. Treasury Note, 3.875%, 07/31/2030 | 3.2% |
| Becton, Dickinson and Company | 2.6% |
| CenterPoint Energy, Inc. | 2.1% |

---

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 64.0% |
| U.S. Government | 16.3% |
| Term loans | 9.7% |
| Corporate bonds | 7.4% |
| Asset-backed securities | 0.1% |
| Short-term investments and other | 2.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAVA-A-II

12/25

2/26

Capital Appreciation Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Capital Appreciation Value Trust
Series NAV/JAFRX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Capital Appreciation Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Capital Appreciation Value Trust<br>(Series NAV/JAFRX) | $89 | 0.84% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Capital Appreciation Value Trust (Series NAV/JAFRX) returned 11.62% for the year ended December 31, 2025. U.S. equities rose in 2025 despite significant early-year volatility driven by President Trump's sweeping tariff announcements, which ignited inflation concerns and triggered a sharp market sell-off. Stocks rebounded after the administration issued a 90-day pause on additional tariffs in April and continued to advance as trade negotiations improved and corporate fundamentals remained supportive. Additional momentum came from renewed Federal Reserve rate cuts later in the year, which helped bolster investor sentiment despite ongoing inflation pressures.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector held the largest allocation at period-end and generated positive absolute returns, primarily driven by the strong performance of NVIDIA Corp.

**Communication services** \| Strong absolute performance in the communication services sector, led by Alphabet, Inc., contributed positively to results for the period.

**Utilities** \| Utilities provided a positive contribution, driven by strong performance from CenterPoint Energy, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted from the fund's performance driven by performance from Keurig Dr. Pepper, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289900.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Capital Appreciation Value Trust (Series NAV/JAFRX) | 11.62% | 9.11% | 10.95% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| 40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index | 13.70% | 8.47% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$490863021 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;219 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$3771766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 4.7% |
| NVIDIA Corp. | 4.4% |
| Apple, Inc. | 4.0% |
| Alphabet, Inc., Class A | 3.9% |
| Amazon.com, Inc. | 3.7% |
| U.S. Treasury Note, 3.625%, 10/31/2030 | 3.6% |
| U.S. Treasury Note, 3.500%, 11/30/2030 | 3.3% |
| U.S. Treasury Note, 3.875%, 07/31/2030 | 3.2% |
| Becton, Dickinson and Company | 2.6% |
| CenterPoint Energy, Inc. | 2.1% |

---

**Portfolio Composition**

---

| | |
|:---|:---|
| Common stocks | 64.0% |
| U.S. Government | 16.3% |
| Term loans | 9.7% |
| Corporate bonds | 7.4% |
| Asset-backed securities | 0.1% |
| Short-term investments and other | 2.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAVA-A-NAV

12/25

2/26

Capital Appreciation Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value International Trust
Series I/JAJHX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value International Trust<br>(Series I/JAJHX) | $101 | 0.84% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value International Trust (Series I/JAJHX) returned 40.90% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**BAE Systems PLC** \| The industrials sector was the strongest performing area for the year, and the British aerospace and defense company was among the top performers for the portfolio.

**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

#### TOP PERFORMANCE DETRACTORS
**Hikma Pharmaceuticals PLC** \| The U.K.-based company struggled during the year amid increased competition, supply chain challenges, and a dimmer medium-term outlook, and the stock sold off as a result.

**Nomad Foods, Ltd.** \| The Consumer Staples sector was the weakest-performing sector for the period, and Nomad Foods sold off amid declining revenues, heightened competition, and a change in leadership during the year.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289017.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value International Trust (Series I/JAJHX) | 40.90% | 12.64% | 8.92% |
| MSCI EAFE Index | 31.22% | 8.92% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$343152064 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;90 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1980246 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;72% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Samsung Electronics Company, Ltd. | 3.8% |
| The Weir Group PLC | 2.9% |
| Danske Bank A/S | 2.5% |
| AstraZeneca PLC | 2.2% |
| Sumitomo Mitsui Financial Group, Inc. | 2.2% |
| Rio Tinto, Ltd. | 2.2% |
| Banco Bilbao Vizcaya Argentaria SA | 2.0% |
| HDFC Bank, Ltd., ADR | 2.0% |
| Babcock International Group PLC | 1.9% |
| Capgemini SE | 1.9% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 25.2% |
| Industrials | 18.2% |
| Health care | 12.1% |
| Materials | 10.4% |
| Information technology | 6.9% |
| Consumer staples | 6.6% |
| Communication services | 6.3% |
| Consumer discretionary | 5.9% |
| Energy | 3.7% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289012.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

DVIT-A-I

12/25

2/26

Disciplined Value International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value International Trust
Series II/JAJIX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value International Trust<br>(Series II/JAJIX) | $125 | 1.04% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value International Trust (Series II/JAJIX) returned 40.60% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**BAE Systems PLC** \| The industrials sector was the strongest performing area for the year, and the British aerospace and defense company was among the top performers for the portfolio.

**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

#### TOP PERFORMANCE DETRACTORS
**Hikma Pharmaceuticals PLC** \| The U.K.-based company struggled during the year amid increased competition, supply chain challenges, and a dimmer medium-term outlook, and the stock sold off as a result.

**Nomad Foods, Ltd.** \| The Consumer Staples sector was the weakest-performing sector for the period, and Nomad Foods sold off amid declining revenues, heightened competition, and a change in leadership during the year.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288985.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value International Trust (Series II/JAJIX) | 40.60% | 12.41% | 8.69% |
| MSCI EAFE Index | 31.22% | 8.92% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$343152064 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;90 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1980246 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;72% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Samsung Electronics Company, Ltd. | 3.8% |
| The Weir Group PLC | 2.9% |
| Danske Bank A/S | 2.5% |
| AstraZeneca PLC | 2.2% |
| Sumitomo Mitsui Financial Group, Inc. | 2.2% |
| Rio Tinto, Ltd. | 2.2% |
| Banco Bilbao Vizcaya Argentaria SA | 2.0% |
| HDFC Bank, Ltd., ADR | 2.0% |
| Babcock International Group PLC | 1.9% |
| Capgemini SE | 1.9% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 25.2% |
| Industrials | 18.2% |
| Health care | 12.1% |
| Materials | 10.4% |
| Information technology | 6.9% |
| Consumer staples | 6.6% |
| Communication services | 6.3% |
| Consumer discretionary | 5.9% |
| Energy | 3.7% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6288990.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

DVIT-A-II

12/25

2/26

Disciplined Value International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value International Trust
Series NAV/JAJJX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value International Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value International Trust<br>(Series NAV/JAJJX) | $95 | 0.79% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value International Trust (Series NAV/JAJJX) returned 41.02% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**BAE Systems PLC** \| The industrials sector was the strongest performing area for the year, and the British aerospace and defense company was among the top performers for the portfolio.

**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

#### TOP PERFORMANCE DETRACTORS
**Hikma Pharmaceuticals PLC** \| The U.K.-based company struggled during the year amid increased competition, supply chain challenges, and a dimmer medium-term outlook, and the stock sold off as a result.

**Nomad Foods, Ltd.** \| The Consumer Staples sector was the weakest-performing sector for the period, and Nomad Foods sold off amid declining revenues, heightened competition, and a change in leadership during the year.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288975.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value International Trust (Series NAV/JAJJX) | 41.02% | 12.70% | 8.97% |
| MSCI EAFE Index | 31.22% | 8.92% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$343152064 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;90 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1980246 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;72% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Samsung Electronics Company, Ltd. | 3.8% |
| The Weir Group PLC | 2.9% |
| Danske Bank A/S | 2.5% |
| AstraZeneca PLC | 2.2% |
| Sumitomo Mitsui Financial Group, Inc. | 2.2% |
| Rio Tinto, Ltd. | 2.2% |
| Banco Bilbao Vizcaya Argentaria SA | 2.0% |
| HDFC Bank, Ltd., ADR | 2.0% |
| Babcock International Group PLC | 1.9% |
| Capgemini SE | 1.9% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 25.2% |
| Industrials | 18.2% |
| Health care | 12.1% |
| Materials | 10.4% |
| Information technology | 6.9% |
| Consumer staples | 6.6% |
| Communication services | 6.3% |
| Consumer discretionary | 5.9% |
| Energy | 3.7% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6288970.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

DVIT-A-NAV

12/25

2/26

Disciplined Value International Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value Emerging Markets Equity Trust
Series I/JAJBX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value Emerging Markets Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value Emerging Markets Equity Trust<br>(Series I/JAJBX) | $111 | 0.96% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Trust (Series I/JAJBX) returned 31.88% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

**Taiwan Semiconductor Manufacturing Company, Ltd.** \| The Taiwanese semiconductor maker benefited from high AI-related demand all year for its chips and high-performance computing products and the stock rose considerably.

#### TOP PERFORMANCE DETRACTORS
**EVA Airways Corp.** \| The Taiwanese air carrier was down slightly for the year after facing stiffer regional competition and a 10% drop in year-over-year revenue.

**Hangzhou GreatStar Industrial Company, Ltd.** \| This Chinese industrials conglomerate experienced a drop in revenues in 2025 amid fluctuating materials costs and general uncertainty about the strength of the macroeconomic backdrop in China, and the stock declined modestly as a result.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289349.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value Emerging Markets Equity Trust (Series I/JAJBX) | 31.88% | 7.79% | 8.50% |
| MSCI Emerging Markets Index | 33.57% | 4.20% | 8.42% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270756711 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1837073 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;199% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Tencent Holdings, Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 5.3% |
| Credicorp, Ltd. | 3.9% |
| Millicom International Cellular SA | 3.2% |
| Samsung Electronics Company, Ltd. | 3.1% |
| DBS Group Holdings, Ltd. | 2.9% |
| America Movil SAB de CV, Series B | 2.8% |
| FirstRand, Ltd. | 2.6% |
| Samsung Electronics Company, Ltd. | 2.4% |
| Rede D'Or Sao Luiz SA | 2.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 23.6% |
| Communication services | 19.1% |
| Information technology | 18.1% |
| Consumer discretionary | 12.1% |
| Industrials | 6.1% |
| Health care | 4.6% |
| Materials | 4.4% |
| Consumer staples | 4.2% |
| Energy | 3.8% |
| Utilities | 0.1% |
| Short-term investments and other | 3.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289344.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EMVA-A-I

12/25

2/26

Disciplined Value Emerging Markets Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value Emerging Markets Equity Trust
Series II/JEMTX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value Emerging Markets Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value Emerging Markets Equity Trust<br>(Series II/JEMTX) | $134 | 1.16% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Trust (Series II/JEMTX) returned 31.68% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

**Taiwan Semiconductor Manufacturing Company, Ltd.** \| The Taiwanese semiconductor maker benefited from high AI-related demand all year for its chips and high-performance computing products and the stock rose considerably.

#### TOP PERFORMANCE DETRACTORS
**EVA Airways Corp.** \| The Taiwanese air carrier was down slightly for the year after facing stiffer regional competition and a 10% drop in year-over-year revenue.

**Hangzhou GreatStar Industrial Company, Ltd.** \| This Chinese industrials conglomerate experienced a drop in revenues in 2025 amid fluctuating materials costs and general uncertainty about the strength of the macroeconomic backdrop in China, and the stock declined modestly as a result.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289329.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value Emerging Markets Equity Trust (Series II/JEMTX) | 31.68% | 7.58% | 8.28% |
| MSCI Emerging Markets Index | 33.57% | 4.20% | 8.42% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270756711 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1837073 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;199% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Tencent Holdings, Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 5.3% |
| Credicorp, Ltd. | 3.9% |
| Millicom International Cellular SA | 3.2% |
| Samsung Electronics Company, Ltd. | 3.1% |
| DBS Group Holdings, Ltd. | 2.9% |
| America Movil SAB de CV, Series B | 2.8% |
| FirstRand, Ltd. | 2.6% |
| Samsung Electronics Company, Ltd. | 2.4% |
| Rede D'Or Sao Luiz SA | 2.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 23.6% |
| Communication services | 19.1% |
| Information technology | 18.1% |
| Consumer discretionary | 12.1% |
| Industrials | 6.1% |
| Health care | 4.6% |
| Materials | 4.4% |
| Consumer staples | 4.2% |
| Energy | 3.8% |
| Utilities | 0.1% |
| Short-term investments and other | 3.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289334.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EMVA-A-II

12/25

2/26

Disciplined Value Emerging Markets Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Disciplined Value Emerging Markets Equity Trust
Series NAV/JHVTX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Disciplined Value Emerging Markets Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Disciplined Value Emerging Markets Equity Trust<br>(Series NAV/JHVTX) | $106 | 0.91% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Trust (Series NAV/JHVTX) returned 32.00% for the year ended December 31, 2025. International markets surged during the year as investors shrugged off early tariff concerns and rotated assets away from tech-heavy U.S. equities. A significant and prolonged downturn in the U.S. dollar acted as an additional tailwind for domestic investors with holdings overseas.

#### TOP PERFORMANCE CONTRIBUTORS
**Samsung Electronics Company, Ltd.** \| The South Korean electronics company posted solid returns during the year driven by continued strong demand for semiconductor manufacturers, as well as by a number of positive policy developments from the Korean government.

**Taiwan Semiconductor Manufacturing Company, Ltd.** \| The Taiwanese semiconductor maker benefited from high AI-related demand all year for its chips and high-performance computing products and the stock rose considerably.

#### TOP PERFORMANCE DETRACTORS
**EVA Airways Corp.** \| The Taiwanese air carrier was down slightly for the year after facing stiffer regional competition and a 10% drop in year-over-year revenue.

**Hangzhou GreatStar Industrial Company, Ltd.** \| This Chinese industrials conglomerate experienced a drop in revenues in 2025 amid fluctuating materials costs and general uncertainty about the strength of the macroeconomic backdrop in China, and the stock declined modestly as a result.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289307.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Disciplined Value Emerging Markets Equity Trust (Series NAV/JHVTX) | 32.00% | 7.83% | 8.56% |
| MSCI Emerging Markets Index | 33.57% | 4.20% | 8.42% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270756711 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1837073 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;199% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Tencent Holdings, Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 5.3% |
| Credicorp, Ltd. | 3.9% |
| Millicom International Cellular SA | 3.2% |
| Samsung Electronics Company, Ltd. | 3.1% |
| DBS Group Holdings, Ltd. | 2.9% |
| America Movil SAB de CV, Series B | 2.8% |
| FirstRand, Ltd. | 2.6% |
| Samsung Electronics Company, Ltd. | 2.4% |
| Rede D'Or Sao Luiz SA | 2.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 23.6% |
| Communication services | 19.1% |
| Information technology | 18.1% |
| Consumer discretionary | 12.1% |
| Industrials | 6.1% |
| Health care | 4.6% |
| Materials | 4.4% |
| Consumer staples | 4.2% |
| Energy | 3.8% |
| Utilities | 0.1% |
| Short-term investments and other | 3.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289302.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EMVA-A-NAV

12/25

2/26

Disciplined Value Emerging Markets Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Equity Income Trust
Series I/JAEGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Equity Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Equity Income Trust<br>(Series I/JAEGX) | $81 | 0.76% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Equity Income Trust (Series I/JAEGX) returned 14.39% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed in absolute performance driven by Citigroup, Inc.

**Industrials** \| The industrials sector also contributed in absolute terms driven by General Electric Company.

**Information technology** \| The information technology sector contributed by posting positive absolute returns for the period driven by Samsung Electronics Company, Ltd.

#### TOP PERFORMANCE DETRACTORS
**Materials** \| Materials detracted from absolute performance dragged down by International Paper Company.

**Real estate** \| The real estate sector also detracted by posting negative absolute returns for the period dragged down by Weyerhaeuser Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290920.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Equity Income Trust (Series I/JAEGX) | 14.39% | 11.10% | 10.47% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$866320388 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5964586 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;25% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Qualcomm, Inc. | 2.1% |
| Citigroup, Inc. | 2.1% |
| MetLife, Inc. | 2.1% |
| Alphabet, Inc., Class A | 2.0% |
| JPMorgan Chase & Co. | 2.0% |
| The Charles Schwab Corp. | 1.9% |
| The Southern Company | 1.9% |
| Bank of America Corp. | 1.7% |
| L3Harris Technologies, Inc. | 1.5% |
| Samsung Electronics Company, Ltd. | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 22.9% |
| Industrials | 14.2% |
| Health care | 13.4% |
| Information technology | 10.2% |
| Energy | 8.4% |
| Consumer staples | 6.8% |
| Communication services | 6.7% |
| Utilities | 6.0% |
| Consumer discretionary | 4.2% |
| Real estate | 3.5% |
| Materials | 2.9% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EQIN-A-I

12/25

2/26

Equity Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Equity Income Trust
Series II/JAEFX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Equity Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Equity Income Trust<br>(Series II/JAEFX) | $103 | 0.96% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Equity Income Trust (Series II/JAEFX) returned 14.18% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed in absolute performance driven by Citigroup, Inc.

**Industrials** \| The industrials sector also contributed in absolute terms driven by General Electric Company.

**Information technology** \| The information technology sector contributed by posting positive absolute returns for the period driven by Samsung Electronics Company, Ltd.

#### TOP PERFORMANCE DETRACTORS
**Materials** \| Materials detracted from absolute performance dragged down by International Paper Company.

**Real estate** \| The real estate sector also detracted by posting negative absolute returns for the period dragged down by Weyerhaeuser Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290889.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Equity Income Trust (Series II/JAEFX) | 14.18% | 10.88% | 10.25% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$866320388 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5964586 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;25% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Qualcomm, Inc. | 2.1% |
| Citigroup, Inc. | 2.1% |
| MetLife, Inc. | 2.1% |
| Alphabet, Inc., Class A | 2.0% |
| JPMorgan Chase & Co. | 2.0% |
| The Charles Schwab Corp. | 1.9% |
| The Southern Company | 1.9% |
| Bank of America Corp. | 1.7% |
| L3Harris Technologies, Inc. | 1.5% |
| Samsung Electronics Company, Ltd. | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 22.9% |
| Industrials | 14.2% |
| Health care | 13.4% |
| Information technology | 10.2% |
| Energy | 8.4% |
| Consumer staples | 6.8% |
| Communication services | 6.7% |
| Utilities | 6.0% |
| Consumer discretionary | 4.2% |
| Real estate | 3.5% |
| Materials | 2.9% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EQIN-A-II

12/25

2/26

Equity Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Equity Income Trust
Series NAV/JAEEX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Equity Income Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Equity Income Trust<br>(Series NAV/JAEEX) | $76 | 0.71% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Equity Income Trust (Series NAV/JAEEX) returned 14.42% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed in absolute performance driven by Citigroup, Inc.

**Industrials** \| The industrials sector also contributed in absolute terms driven by General Electric Company.

**Information technology** \| The information technology sector contributed by posting positive absolute returns for the period driven by Samsung Electronics Company, Ltd.

#### TOP PERFORMANCE DETRACTORS
**Materials** \| Materials detracted from absolute performance dragged down by International Paper Company.

**Real estate** \| The real estate sector also detracted by posting negative absolute returns for the period dragged down by Weyerhaeuser Company.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290868.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Equity Income Trust (Series NAV/JAEEX) | 14.42% | 11.15% | 10.52% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$866320388 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5964586 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;25% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Qualcomm, Inc. | 2.1% |
| Citigroup, Inc. | 2.1% |
| MetLife, Inc. | 2.1% |
| Alphabet, Inc., Class A | 2.0% |
| JPMorgan Chase & Co. | 2.0% |
| The Charles Schwab Corp. | 1.9% |
| The Southern Company | 1.9% |
| Bank of America Corp. | 1.7% |
| L3Harris Technologies, Inc. | 1.5% |
| Samsung Electronics Company, Ltd. | 1.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 22.9% |
| Industrials | 14.2% |
| Health care | 13.4% |
| Information technology | 10.2% |
| Energy | 8.4% |
| Consumer staples | 6.8% |
| Communication services | 6.7% |
| Utilities | 6.0% |
| Consumer discretionary | 4.2% |
| Real estate | 3.5% |
| Materials | 2.9% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

EQIN-A-NAV

12/25

2/26

Equity Income Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Financial Industries Trust
Series I/JEFSX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Financial Industries Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Financial Industries Trust<br>(Series I/JEFSX) | $99 | 0.93% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Financial Industries Trust (Series I/JEFSX) returned 12.00% for the year ended December 31, 2025. Stocks strengthened as late year interest rate cuts, solid corporate earnings, and continued enthusiasm for artificial intelligence related companies supported market gains. Financial institutions and regional banks managed credit and funding cost pressures—especially from commercial real estate—while benefiting from stabilizing deposits and an improving operating environment.

#### TOP PERFORMANCE CONTRIBUTORS
**Citigroup, Inc.** \| This multinational investment bank and financial services company was the largest contributor to absolute performance.

**Other portfolio holdings** \| JPMorgan Chase & Co., NNGroup NV, and Wells Fargo & Company also contributed positively to the fund's overall performance.

#### TOP PERFORMANCE DETRACTORS
**Fiserv, Inc.** \| This global fintech and payments company with solutions for banking was the largest detractor to absolute performance.

**Other portfolio holdings** \| Apollo Global Management, Inc. and KKR & Company, Inc. also detracted from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290210.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Financial Industries Trust (Series I/JEFSX) | 12.00% | 11.44% | 10.54% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P 500 Financials Index | 15.02% | 15.27% | 13.18% |
| Lipper Financial Services Index | 15.70% | 15.44% | 12.31% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$139625766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;42 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1067883 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;75% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Citigroup, Inc. | 4.5% |
| Bank of America Corp. | 4.4% |
| Citizens Financial Group, Inc. | 4.3% |
| Capital One Financial Corp. | 4.2% |
| Morgan Stanley | 4.2% |
| JPMorgan Chase & Co. | 4.2% |
| The Charles Schwab Corp. | 3.5% |
| Columbia Banking System, Inc. | 3.4% |
| Visa, Inc., Class A | 3.3% |
| Regions Financial Corp. | 3.2% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Banks | 51.8% |
| Capital markets | 20.7% |
| Insurance | 14.7% |
| Consumer finance | 6.6% |
| Financial services | 5.3% |
| Short-term investments and other | 0.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FINI-A-I

12/25

2/26

Financial Industries Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Financial Industries Trust
Series II/JEFCX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Financial Industries Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Financial Industries Trust<br>(Series II/JEFCX) | $120 | 1.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Financial Industries Trust (Series II/JEFCX) returned 11.82% for the year ended December 31, 2025. Stocks strengthened as late year interest rate cuts, solid corporate earnings, and continued enthusiasm for artificial intelligence related companies supported market gains. Financial institutions and regional banks managed credit and funding cost pressures—especially from commercial real estate—while benefiting from stabilizing deposits and an improving operating environment.

#### TOP PERFORMANCE CONTRIBUTORS
**Citigroup, Inc.** \| This multinational investment bank and financial services company was the largest contributor to absolute performance.

**Other portfolio holdings** \| JPMorgan Chase & Co., NNGroup NV, and Wells Fargo & Company also contributed positively to the fund's overall performance.

#### TOP PERFORMANCE DETRACTORS
**Fiserv, Inc.** \| This global fintech and payments company with solutions for banking was the largest detractor to absolute performance.

**Other portfolio holdings** \| Apollo Global Management, Inc. and KKR & Company, Inc. also detracted from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290179.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Financial Industries Trust (Series II/JEFCX) | 11.82% | 11.21% | 10.32% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P 500 Financials Index | 15.02% | 15.27% | 13.18% |
| Lipper Financial Services Index | 15.70% | 15.44% | 12.31% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$139625766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;42 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1067883 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;75% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Citigroup, Inc. | 4.5% |
| Bank of America Corp. | 4.4% |
| Citizens Financial Group, Inc. | 4.3% |
| Capital One Financial Corp. | 4.2% |
| Morgan Stanley | 4.2% |
| JPMorgan Chase & Co. | 4.2% |
| The Charles Schwab Corp. | 3.5% |
| Columbia Banking System, Inc. | 3.4% |
| Visa, Inc., Class A | 3.3% |
| Regions Financial Corp. | 3.2% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Banks | 51.8% |
| Capital markets | 20.7% |
| Insurance | 14.7% |
| Consumer finance | 6.6% |
| Financial services | 5.3% |
| Short-term investments and other | 0.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FINI-A-II

12/25

2/26

Financial Industries Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Financial Industries Trust
Series NAV/JAFNX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Financial Industries Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Financial Industries Trust<br>(Series NAV/JAFNX) | $93 | 0.88% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Financial Industries Trust (Series NAV/JAFNX) returned 12.11% for the year ended December 31, 2025. Stocks strengthened as late year interest rate cuts, solid corporate earnings, and continued enthusiasm for artificial intelligence related companies supported market gains. Financial institutions and regional banks managed credit and funding cost pressures—especially from commercial real estate—while benefiting from stabilizing deposits and an improving operating environment.

#### TOP PERFORMANCE CONTRIBUTORS
**Citigroup, Inc.** \| This multinational investment bank and financial services company was the largest contributor to absolute performance.

**Other portfolio holdings** \| JPMorgan Chase & Co., NNGroup NV, and Wells Fargo & Company also contributed positively to the fund's overall performance.

#### TOP PERFORMANCE DETRACTORS
**Fiserv, Inc.** \| This global fintech and payments company with solutions for banking was the largest detractor to absolute performance.

**Other portfolio holdings** \| Apollo Global Management, Inc. and KKR & Company, Inc. also detracted from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290170.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Financial Industries Trust (Series NAV/JAFNX) | 12.11% | 11.49% | 10.60% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P 500 Financials Index | 15.02% | 15.27% | 13.18% |
| Lipper Financial Services Index | 15.70% | 15.44% | 12.31% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$139625766 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;42 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1067883 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;75% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Citigroup, Inc. | 4.5% |
| Bank of America Corp. | 4.4% |
| Citizens Financial Group, Inc. | 4.3% |
| Capital One Financial Corp. | 4.2% |
| Morgan Stanley | 4.2% |
| JPMorgan Chase & Co. | 4.2% |
| The Charles Schwab Corp. | 3.5% |
| Columbia Banking System, Inc. | 3.4% |
| Visa, Inc., Class A | 3.3% |
| Regions Financial Corp. | 3.2% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Banks | 51.8% |
| Capital markets | 20.7% |
| Insurance | 14.7% |
| Consumer finance | 6.6% |
| Financial services | 5.3% |
| Short-term investments and other | 0.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FINI-A-NAV

12/25

2/26 Financial Industries Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental All Cap Core Trust
Series I/JEQAX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental All Cap Core Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental All Cap Core Trust<br>(Series I/JEQAX) | $78 | 0.76% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental All Cap Core Trust (Series I/JEQAX) returned 4.78% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Communication services** \| The communication services sector contributed to absolute performance by posting positive returns for the period driven by Alphabet, Inc.

**Information technology** \| The information technology sector also contributed to absolute performance. NVIDIA Corp., Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The financials and health care sectors were other contributing sectors to absolute performance with holdings in The Goldman Sachs Group, Inc. and Hologic, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted the most from absolute fund performance with holdings in Lennar Corp., Mobileye Global, Inc., and CarMax, Inc.

**Consumer staples** \| The consumer staples sector was another fund performance detractor led by Post Holdings, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291541.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental All Cap Core Trust (Series I/JEQAX) | 4.78% | 11.74% | 13.74% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2569447636 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;53 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$16669106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;41% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Amazon.com, Inc. | 7.8% |
| Alphabet, Inc., Class A | 7.2% |
| Microsoft Corp. | 6.6% |
| NVIDIA Corp. | 3.9% |
| KKR & Company, Inc. | 3.8% |
| Hologic, Inc. | 3.3% |
| Cheniere Energy, Inc. | 3.1% |
| Lennar Corp., Class A | 3.0% |
| Elevance Health, Inc. | 2.7% |
| Workday, Inc., Class A | 2.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 28.0% |
| Health care | 18.1% |
| Consumer discretionary | 17.7% |
| Communication services | 11.9% |
| Financials | 8.5% |
| Industrials | 4.8% |
| Real estate | 4.2% |
| Energy | 3.1% |
| Consumer staples | 2.4% |
| Short-term investments and other | 1.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FUAC-A-I

12/25

2/26

Fundamental All Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental All Cap Core Trust
Series II/JFLGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental All Cap Core Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental All Cap Core Trust<br>(Series II/JFLGX) | $98 | 0.96% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental All Cap Core Trust (Series II/JFLGX) returned 4.57% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Communication services** \| The communication services sector contributed to absolute performance by posting positive returns for the period driven by Alphabet, Inc.

**Information technology** \| The information technology sector also contributed to absolute performance. NVIDIA Corp., Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The financials and health care sectors were other contributing sectors to absolute performance with holdings in The Goldman Sachs Group, Inc. and Hologic, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted the most from absolute fund performance with holdings in Lennar Corp., Mobileye Global, Inc., and CarMax, Inc.

**Consumer staples** \| The consumer staples sector was another fund performance detractor led by Post Holdings, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291511.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental All Cap Core Trust (Series II/JFLGX) | 4.57% | 11.51% | 13.51% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2569447636 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;53 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$16669106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;41% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Amazon.com, Inc. | 7.8% |
| Alphabet, Inc., Class A | 7.2% |
| Microsoft Corp. | 6.6% |
| NVIDIA Corp. | 3.9% |
| KKR & Company, Inc. | 3.8% |
| Hologic, Inc. | 3.3% |
| Cheniere Energy, Inc. | 3.1% |
| Lennar Corp., Class A | 3.0% |
| Elevance Health, Inc. | 2.7% |
| Workday, Inc., Class A | 2.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 28.0% |
| Health care | 18.1% |
| Consumer discretionary | 17.7% |
| Communication services | 11.9% |
| Financials | 8.5% |
| Industrials | 4.8% |
| Real estate | 4.2% |
| Energy | 3.1% |
| Consumer staples | 2.4% |
| Short-term investments and other | 1.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FUAC-A-II

12/25

2/26 Fundamental All Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental All Cap Core Trust
Series NAV/JADDX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental All Cap Core Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental All Cap Core Trust<br>(Series NAV/JADDX) | $73 | 0.71% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental All Cap Core Trust (Series NAV/JADDX) returned 4.84% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Communication services** \| The communication services sector contributed to absolute performance by posting positive returns for the period driven by Alphabet, Inc.

**Information technology** \| The information technology sector also contributed to absolute performance. NVIDIA Corp., Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The financials and health care sectors were other contributing sectors to absolute performance with holdings in The Goldman Sachs Group, Inc. and Hologic, Inc., respectively.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted the most from absolute fund performance with holdings in Lennar Corp., Mobileye Global, Inc., and CarMax, Inc.

**Consumer staples** \| The consumer staples sector was another fund performance detractor led by Post Holdings, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291501.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental All Cap Core Trust (Series NAV/JADDX) | 4.84% | 11.79% | 13.80% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$2569447636 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;53 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$16669106 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;41% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Amazon.com, Inc. | 7.8% |
| Alphabet, Inc., Class A | 7.2% |
| Microsoft Corp. | 6.6% |
| NVIDIA Corp. | 3.9% |
| KKR & Company, Inc. | 3.8% |
| Hologic, Inc. | 3.3% |
| Cheniere Energy, Inc. | 3.1% |
| Lennar Corp., Class A | 3.0% |
| Elevance Health, Inc. | 2.7% |
| Workday, Inc., Class A | 2.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 28.0% |
| Health care | 18.1% |
| Consumer discretionary | 17.7% |
| Communication services | 11.9% |
| Financials | 8.5% |
| Industrials | 4.8% |
| Real estate | 4.2% |
| Energy | 3.1% |
| Consumer staples | 2.4% |
| Short-term investments and other | 1.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FUAC-A-NAV

12/25

2/26

Fundamental All Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental Large Cap Value Trust
Series I/JVFLX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental Large Cap Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental Large Cap Value Trust<br>(Series I/JVFLX) | $83 | 0.77% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental Large Cap Value Trust (Series I/JVFLX) returned 15.93% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period driven by Nasdaq, Inc. and Citigroup, Inc.

**Information technology** \| The information technology also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and health care sectors were other contributing sectors to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from absolute fund performance with holdings in Mobileye Global, Inc., Lennar Corp., and CarMax, Inc.

**Materials** \| The materials sector was another fund performance detractor led by LyondellBasell Industries NV.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291182.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental Large Cap Value Trust (Series I/JVFLX) | 15.93% | 14.90% | 12.58% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$837832910 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;64 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5432814 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Cheniere Energy, Inc. | 4.1% |
| Alphabet, Inc., Class A | 3.8% |
| Nasdaq, Inc. | 3.7% |
| Elevance Health, Inc. | 3.6% |
| Elanco Animal Health, Inc. | 3.4% |
| Microsoft Corp. | 3.3% |
| Hologic, Inc. | 3.0% |
| Crown Castle, Inc. | 2.9% |
| KKR & Company, Inc. | 2.6% |
| GSK PLC, ADR | 2.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 20.0% |
| Financials | 16.1% |
| Information technology | 13.4% |
| Industrials | 11.6% |
| Consumer discretionary | 8.7% |
| Communication services | 8.3% |
| Consumer staples | 7.4% |
| Energy | 6.8% |
| Real estate | 2.9% |
| Materials | 1.0% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FULA-A-I

12/25

2/26

Fundamental Large Cap Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental Large Cap Value Trust
Series II/JADJX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental Large Cap Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental Large Cap Value Trust<br>(Series II/JADJX) | $105 | 0.97% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental Large Cap Value Trust (Series II/JADJX) returned 15.71% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period driven by Nasdaq, Inc. and Citigroup, Inc.

**Information technology** \| The information technology also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and health care sectors were other contributing sectors to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from absolute fund performance with holdings in Mobileye Global, Inc., Lennar Corp., and CarMax, Inc.

**Materials** \| The materials sector was another fund performance detractor led by LyondellBasell Industries NV.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291151.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental Large Cap Value Trust (Series II/JADJX) | 15.71% | 14.68% | 12.36% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$837832910 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;64 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5432814 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Cheniere Energy, Inc. | 4.1% |
| Alphabet, Inc., Class A | 3.8% |
| Nasdaq, Inc. | 3.7% |
| Elevance Health, Inc. | 3.6% |
| Elanco Animal Health, Inc. | 3.4% |
| Microsoft Corp. | 3.3% |
| Hologic, Inc. | 3.0% |
| Crown Castle, Inc. | 2.9% |
| KKR & Company, Inc. | 2.6% |
| GSK PLC, ADR | 2.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 20.0% |
| Financials | 16.1% |
| Information technology | 13.4% |
| Industrials | 11.6% |
| Consumer discretionary | 8.7% |
| Communication services | 8.3% |
| Consumer staples | 7.4% |
| Energy | 6.8% |
| Real estate | 2.9% |
| Materials | 1.0% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FULA-A-II

12/25

2/26

Fundamental Large Cap Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Fundamental Large Cap Value Trust
Series NAV/JADIX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Fundamental Large Cap Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Fundamental Large Cap Value Trust<br>(Series NAV/JADIX) | $78 | 0.72% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Fundamental Large Cap Value Trust (Series NAV/JADIX) returned 16.01% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period driven by Nasdaq, Inc. and Citigroup, Inc.

**Information technology** \| The information technology also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and health care sectors were other contributing sectors to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from absolute fund performance with holdings in Mobileye Global, Inc., Lennar Corp., and CarMax, Inc.

**Materials** \| The materials sector was another fund performance detractor led by LyondellBasell Industries NV.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291142.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Fundamental Large Cap Value Trust (Series NAV/JADIX) | 16.01% | 14.96% | 12.64% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Value Index | 15.91% | 11.33% | 10.53% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$837832910 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;64 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5432814 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Cheniere Energy, Inc. | 4.1% |
| Alphabet, Inc., Class A | 3.8% |
| Nasdaq, Inc. | 3.7% |
| Elevance Health, Inc. | 3.6% |
| Elanco Animal Health, Inc. | 3.4% |
| Microsoft Corp. | 3.3% |
| Hologic, Inc. | 3.0% |
| Crown Castle, Inc. | 2.9% |
| KKR & Company, Inc. | 2.6% |
| GSK PLC, ADR | 2.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 20.0% |
| Financials | 16.1% |
| Information technology | 13.4% |
| Industrials | 11.6% |
| Consumer discretionary | 8.7% |
| Communication services | 8.3% |
| Consumer staples | 7.4% |
| Energy | 6.8% |
| Real estate | 2.9% |
| Materials | 1.0% |
| Short-term investments and other | 3.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

FULA-A-NAV

12/25

2/26

Fundamental Large Cap Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Global Equity Trust
Series I/JEFGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Global Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Global Equity Trust<br>(Series I/JEFGX) | $101 | 0.93% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Global Equity Trust (Series I/JEFGX) returned 18.13% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period and was led by holdings in ING Groep NV and Wells Fargo & Company.

**Information technology** \| The information technology sector also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and materials sectors were other contributing sectors to absolute performance and were led by L3Harris Technologies, Inc. and CRH PLC, respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| There were no meaningful detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289100.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Global Equity Trust (Series I/JEFGX) | 18.13% | 10.12% | 8.34% |
| MSCI World Index | 21.09% | 12.15% | 12.17% |
| MSCI World Value Index | 20.79% | 11.35% | 9.23% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$300694650 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;66 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2334505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;42% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 2.9% |
| McKesson Corp. | 2.8% |
| ING Groep NV | 2.7% |
| CRH PLC | 2.5% |
| Citigroup, Inc. | 2.5% |
| Wells Fargo & Company | 2.4% |
| Bank of America Corp. | 2.3% |
| Deutsche Bank AG | 2.3% |
| CSX Corp. | 2.2% |
| Sumitomo Mitsui Trust Group, Inc. | 2.2% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.7% |
| Industrials | 16.8% |
| Information technology | 10.5% |
| Health care | 9.5% |
| Consumer discretionary | 9.3% |
| Materials | 8.4% |
| Communication services | 5.4% |
| Consumer staples | 5.3% |
| Energy | 4.6% |
| Utilities | 3.6% |
| Real estate | 1.0% |
| Short-term investments and other | 0.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289095.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

GLOE-A-I

12/25

2/26

Global Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Global Equity Trust
Series II/JAJFX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Global Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Global Equity Trust<br>(Series II/JAJFX) | $123 | 1.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Global Equity Trust (Series II/JAJFX) returned 17.91% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period and was led by holdings in ING Groep NV and Wells Fargo & Company.

**Information technology** \| The information technology sector also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and materials sectors were other contributing sectors to absolute performance and were led by L3Harris Technologies, Inc. and CRH PLC, respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| There were no meaningful detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289068.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Global Equity Trust (Series II/JAJFX) | 17.91% | 9.89% | 8.13% |
| MSCI World Index | 21.09% | 12.15% | 12.17% |
| MSCI World Value Index | 20.79% | 11.35% | 9.23% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$300694650 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;66 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2334505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;42% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 2.9% |
| McKesson Corp. | 2.8% |
| ING Groep NV | 2.7% |
| CRH PLC | 2.5% |
| Citigroup, Inc. | 2.5% |
| Wells Fargo & Company | 2.4% |
| Bank of America Corp. | 2.3% |
| Deutsche Bank AG | 2.3% |
| CSX Corp. | 2.2% |
| Sumitomo Mitsui Trust Group, Inc. | 2.2% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.7% |
| Industrials | 16.8% |
| Information technology | 10.5% |
| Health care | 9.5% |
| Consumer discretionary | 9.3% |
| Materials | 8.4% |
| Communication services | 5.4% |
| Consumer staples | 5.3% |
| Energy | 4.6% |
| Utilities | 3.6% |
| Real estate | 1.0% |
| Short-term investments and other | 0.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289073.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

GLOE-A-II

12/25

2/26

Global Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Global Equity Trust
Series NAV/JAJGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Global Equity Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Global Equity Trust<br>(Series NAV/JAJGX) | $96 | 0.88% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Global Equity Trust (Series NAV/JAJGX) returned 18.20% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Financials** \| The financials sector contributed to absolute performance by posting positive returns for the period and was led by holdings in ING Groep NV and Wells Fargo & Company.

**Information technology** \| The information technology sector also contributed to absolute performance. Samsung Electronics Company, Ltd., and Oracle Corp. were leading performers in this sector.

**Other contributors** \| The industrials and materials sectors were other contributing sectors to absolute performance and were led by L3Harris Technologies, Inc. and CRH PLC, respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| There were no meaningful detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289058.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Global Equity Trust (Series NAV/JAJGX) | 18.20% | 10.17% | 8.39% |
| MSCI World Index | 21.09% | 12.15% | 12.17% |
| MSCI World Value Index | 20.79% | 11.35% | 9.23% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$300694650 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;66 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2334505 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;42% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Microsoft Corp. | 2.9% |
| McKesson Corp. | 2.8% |
| ING Groep NV | 2.7% |
| CRH PLC | 2.5% |
| Citigroup, Inc. | 2.5% |
| Wells Fargo & Company | 2.4% |
| Bank of America Corp. | 2.3% |
| Deutsche Bank AG | 2.3% |
| CSX Corp. | 2.2% |
| Sumitomo Mitsui Trust Group, Inc. | 2.2% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.7% |
| Industrials | 16.8% |
| Information technology | 10.5% |
| Health care | 9.5% |
| Consumer discretionary | 9.3% |
| Materials | 8.4% |
| Communication services | 5.4% |
| Consumer staples | 5.3% |
| Energy | 4.6% |
| Utilities | 3.6% |
| Real estate | 1.0% |
| Short-term investments and other | 0.9% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289053.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

GLOE-A-NAV

12/25

2/26

Global Equity Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Health Sciences Trust
Series I/JEHSX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Health Sciences Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Health Sciences Trust<br>(Series I/JEHSX) | $110 | 1.00% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Health Sciences Trust (Series I/JEHSX) returned 19.49% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Biotechnolgy** \| The biotechnology industry contributed to absolute performance driven by Insmed, Inc.

**Pharmaceuticals** \| Pharmaceuticals aided absolute performance driven by Eli Lilly & Company.

**Life sciences** \| The life sciences industry also contributed by posting positive absolute returns for the period driven by Thermo Fisher Scientific, Inc.

#### TOP PERFORMANCE DETRACTORS
**Services** \| The services industry detracted by posting negative absolute returns for the period driven by UnitedHealth Group, Inc.

**Consumer nondurables** \| The consumer nondurables industry also detracted from absolute performance driven by Monopar Therapeutics, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290302.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Health Sciences Trust (Series I/JEHSX) | 19.49% | 4.15% | 8.70% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Lipper Health/Biotechnology Index | 22.02% | 3.26% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$246135019 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;171 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1815811 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;68% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Eli Lilly & Company | 12.4% |
| Intuitive Surgical, Inc. | 4.5% |
| Thermo Fisher Scientific, Inc. | 4.3% |
| Argenx SE, ADR | 3.9% |
| Stryker Corp. | 3.6% |
| UnitedHealth Group, Inc. | 3.3% |
| AstraZeneca PLC, ADR | 2.8% |
| AbbVie, Inc. | 2.8% |
| Danaher Corp. | 2.8% |
| Regeneron Pharmaceuticals, Inc. | 2.6% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Biotechnology | 42.9% |
| Pharmaceuticals | 22.0% |
| Health care equipment and supplies | 13.2% |
| Health care providers and services | 12.4% |
| Life sciences tools and services | 8.8% |
| Health care technology | 0.1% |
| Short-term investments and other | 0.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HEAS-A-I

12/25

2/26

Health Sciences Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Health Sciences Trust
Series II/JAFKX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Health Sciences Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Health Sciences Trust<br>(Series II/JAFKX) | $132 | 1.20% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Health Sciences Trust (Series II/JAFKX) returned 19.22% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Biotechnolgy** \| The biotechnology industry contributed to absolute performance driven by Insmed, Inc.

**Pharmaceuticals** \| Pharmaceuticals aided absolute performance driven by Eli Lilly & Company.

**Life sciences** \| The life sciences industry also contributed by posting positive absolute returns for the period driven by Thermo Fisher Scientific, Inc.

#### TOP PERFORMANCE DETRACTORS
**Services** \| The services industry detracted by posting negative absolute returns for the period driven by UnitedHealth Group, Inc.

**Consumer nondurables** \| The consumer nondurables industry also detracted from absolute performance driven by Monopar Therapeutics, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290271.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Health Sciences Trust (Series II/JAFKX) | 19.22% | 3.94% | 8.48% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Lipper Health/Biotechnology Index | 22.02% | 3.26% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$246135019 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;171 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1815811 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;68% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Eli Lilly & Company | 12.4% |
| Intuitive Surgical, Inc. | 4.5% |
| Thermo Fisher Scientific, Inc. | 4.3% |
| Argenx SE, ADR | 3.9% |
| Stryker Corp. | 3.6% |
| UnitedHealth Group, Inc. | 3.3% |
| AstraZeneca PLC, ADR | 2.8% |
| AbbVie, Inc. | 2.8% |
| Danaher Corp. | 2.8% |
| Regeneron Pharmaceuticals, Inc. | 2.6% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Biotechnology | 42.9% |
| Pharmaceuticals | 22.0% |
| Health care equipment and supplies | 13.2% |
| Health care providers and services | 12.4% |
| Life sciences tools and services | 8.8% |
| Health care technology | 0.1% |
| Short-term investments and other | 0.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HEAS-A-II

12/25

2/26 Health Sciences Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Health Sciences Trust
Series NAV/JAFMX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Health Sciences Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Health Sciences Trust<br>(Series NAV/JAFMX) | $104 | 0.95% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Health Sciences Trust (Series NAV/JAFMX) returned 19.53% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing, beginning with a September rate cut.

#### TOP PERFORMANCE CONTRIBUTORS
**Biotechnolgy** \| The biotechnology industry contributed to absolute performance driven by Insmed, Inc.

**Pharmaceuticals** \| Pharmaceuticals aided absolute performance driven by Eli Lilly & Company.

**Life sciences** \| The life sciences industry also contributed by posting positive absolute returns for the period driven by Thermo Fisher Scientific, Inc.

#### TOP PERFORMANCE DETRACTORS
**Services** \| The services industry detracted by posting negative absolute returns for the period driven by UnitedHealth Group, Inc.

**Consumer nondurables** \| The consumer nondurables industry also detracted from absolute performance driven by Monopar Therapeutics, Inc.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290250.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Health Sciences Trust (Series NAV/JAFMX) | 19.53% | 4.19% | 8.75% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Lipper Health/Biotechnology Index | 22.02% | 3.26% | 8.18% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$246135019 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;171 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1815811 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;68% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Eli Lilly & Company | 12.4% |
| Intuitive Surgical, Inc. | 4.5% |
| Thermo Fisher Scientific, Inc. | 4.3% |
| Argenx SE, ADR | 3.9% |
| Stryker Corp. | 3.6% |
| UnitedHealth Group, Inc. | 3.3% |
| AstraZeneca PLC, ADR | 2.8% |
| AbbVie, Inc. | 2.8% |
| Danaher Corp. | 2.8% |
| Regeneron Pharmaceuticals, Inc. | 2.6% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Biotechnology | 42.9% |
| Pharmaceuticals | 22.0% |
| Health care equipment and supplies | 13.2% |
| Health care providers and services | 12.4% |
| Life sciences tools and services | 8.8% |
| Health care technology | 0.1% |
| Short-term investments and other | 0.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HEAS-A-NAV

12/25

2/26

Health Sciences Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Equity Index Trust
Series I/JIEQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Equity Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Equity Index Trust<br>(Series I/JIEQX) | $47 | 0.40% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Equity Index Trust (Series I/JIEQX) returned 32.50% for the year ended December 31, 2025. Global ex US equity markets delivered broadly positive performance in 2025, supported by easing inflation, currency tailwinds from a softer US dollar, and improving macroeconomic stability across Europe and Asia.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| The top contributors to performance were Taiwan Semiconductor Manufacturing Company, Ltd., Samsung Electronics Company, Ltd., and SK Hynix, Inc.

**Country** \| Across Asia, strong technology demand, particularly in semiconductors, helped drive robust returns in markets such as Taiwan, Korea, and Japan.

**Emerging regions** \| Select emerging regions saw gains supported by falling inflation, accommodative central banks, and commodity-linked strength.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| The top detractors from performance were Novo Nordisk A/S, Meituan, and CSL, Ltd.

**Country** \| The portfolio's allocation to Denmark was the largest drag on performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289183.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Equity Index Trust (Series I/JIEQX) | 32.50% | 7.64% | 8.28% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1193504519 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1969 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2315640 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Company, Ltd. | 3.6% |
| Tencent Holdings, Ltd. | 1.5% |
| ASML Holding NV | 1.2% |
| Samsung Electronics Company, Ltd. | 1.2% |
| Alibaba Group Holding, Ltd. | 1.0% |
| Roche Holding AG | 0.9% |
| AstraZeneca PLC | 0.9% |
| HSBC Holdings PLC | 0.8% |
| Novartis AG | 0.8% |
| Nestle SA | 0.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.8% |
| Information technology | 14.5% |
| Industrials | 14.5% |
| Consumer discretionary | 9.8% |
| Health care | 7.8% |
| Materials | 6.8% |
| Consumer staples | 5.9% |
| Communication services | 5.5% |
| Energy | 4.3% |
| Utilities | 3.1% |
| Real estate | 1.4% |
| Short-term investments and other | 1.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289178.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INDE-A-I

12/25

2/26

International Equity Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Equity Index Trust
Series II/JAJEX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Equity Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Equity Index Trust<br>(Series II/JAJEX) | $70 | 0.60% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Equity Index Trust (Series II/JAJEX) returned 32.26% for the year ended December 31, 2025. Global ex US equity markets delivered broadly positive performance in 2025, supported by easing inflation, currency tailwinds from a softer US dollar, and improving macroeconomic stability across Europe and Asia.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| The top contributors to performance were Taiwan Semiconductor Manufacturing Company, Ltd., Samsung Electronics Company, Ltd., and SK Hynix, Inc.

**Country** \| Across Asia, strong technology demand, particularly in semiconductors, helped drive robust returns in markets such as Taiwan, Korea, and Japan.

**Emerging regions** \| Select emerging regions saw gains supported by falling inflation, accommodative central banks, and commodity-linked strength.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| The top detractors from performance were Novo Nordisk A/S, Meituan, and CSL, Ltd.

**Country** \| The portfolio's allocation to Denmark was the largest drag on performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289151.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Equity Index Trust (Series II/JAJEX) | 32.26% | 7.42% | 8.07% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1193504519 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1969 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2315640 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Company, Ltd. | 3.6% |
| Tencent Holdings, Ltd. | 1.5% |
| ASML Holding NV | 1.2% |
| Samsung Electronics Company, Ltd. | 1.2% |
| Alibaba Group Holding, Ltd. | 1.0% |
| Roche Holding AG | 0.9% |
| AstraZeneca PLC | 0.9% |
| HSBC Holdings PLC | 0.8% |
| Novartis AG | 0.8% |
| Nestle SA | 0.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.8% |
| Information technology | 14.5% |
| Industrials | 14.5% |
| Consumer discretionary | 9.8% |
| Health care | 7.8% |
| Materials | 6.8% |
| Consumer staples | 5.9% |
| Communication services | 5.5% |
| Energy | 4.3% |
| Utilities | 3.1% |
| Real estate | 1.4% |
| Short-term investments and other | 1.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289168.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INDE-A-II

12/25

2/26 International Equity Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Equity Index Trust
Series NAV/JVANX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Equity Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Equity Index Trust<br>(Series NAV/JVANX) | $41 | 0.35% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Equity Index Trust (Series NAV/JVANX) returned 32.57% for the year ended December 31, 2025. Global ex US equity markets delivered broadly positive performance in 2025, supported by easing inflation, currency tailwinds from a softer US dollar, and improving macroeconomic stability across Europe and Asia.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| The top contributors to performance were Taiwan Semiconductor Manufacturing Company, Ltd., Samsung Electronics Company, Ltd., and SK Hynix, Inc.

**Country** \| Across Asia, strong technology demand, particularly in semiconductors, helped drive robust returns in markets such as Taiwan, Korea, and Japan.

**Emerging regions** \| Select emerging regions saw gains supported by falling inflation, accommodative central banks, and commodity-linked strength.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| The top detractors from performance were Novo Nordisk A/S, Meituan, and CSL, Ltd.

**Country** \| The portfolio's allocation to Denmark was the largest drag on performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289141.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Equity Index Trust (Series NAV/JVANX) | 32.57% | 7.68% | 8.33% |
| MSCI ACWI ex USA Index | 32.39% | 7.91% | 8.41% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1193504519 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1969 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2315640 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;4% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Company, Ltd. | 3.6% |
| Tencent Holdings, Ltd. | 1.5% |
| ASML Holding NV | 1.2% |
| Samsung Electronics Company, Ltd. | 1.2% |
| Alibaba Group Holding, Ltd. | 1.0% |
| Roche Holding AG | 0.9% |
| AstraZeneca PLC | 0.9% |
| HSBC Holdings PLC | 0.8% |
| Novartis AG | 0.8% |
| Nestle SA | 0.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 24.8% |
| Information technology | 14.5% |
| Industrials | 14.5% |
| Consumer discretionary | 9.8% |
| Health care | 7.8% |
| Materials | 6.8% |
| Consumer staples | 5.9% |
| Communication services | 5.5% |
| Energy | 4.3% |
| Utilities | 3.1% |
| Real estate | 1.4% |
| Short-term investments and other | 1.6% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289136.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INDE-A-NAV

12/25

2/26

International Equity Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Small Company Trust
Series I/JAJCX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Small Company Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Small Company Trust<br>(Series I/JAJCX) | $125 | 1.06% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Small Company Trust (Series I/JAJCX) returned 34.98% for the year ended December 31, 2025. Globally, markets reacted favorably to interest rate cuts from central banks and enthusiasm over artificial intelligence buoyed many stocks globally. While returns were largely positive across most sectors and regions, within developed markets several Eurozone countries as well as Canada outperformed, while Korea delivered notably strong returns within emerging markets. During the one-year period, most of the major developed ex US market currencies, such as the Swedish krona and the Swiss franc, appreciated relative to the US dollar while others, such as the Hong Kong dollar, depreciated. Overall, currency movements had a positive impact on the US dollar-denominated returns of the developed ex US market.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's allocation to international small cap stocks, excluding those with the lowest profitability and highest relative prices, contributed to absolute performance.

**Sector** \| At the sector level, the portfolio's allocations to industrials and materials contributed to absolute performance.

**Country** \| At the country level, the portfolio's allocation to Japan contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector** \| At the sector level, the portfolio's allocations to financials and materials contributed to absolute performance.

**Country** \| While the portfolio's overall allocation to Germany contributed overall, specific holdings such as Gerresheimer AG and Puma SE detracted from performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289266.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Small Company Trust (Series I/JAJCX) | 34.98% | 7.99% | 7.79% |
| MSCI World ex USA Index | 31.85% | 9.46% | 8.55% |
| MSCI World ex USA Small Cap Index | 34.07% | 6.49% | 8.05% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$114022167 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2806 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$818996 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Helvetia Baloise Holding AG | 0.5% |
| Swiss Prime Site AG | 0.5% |
| BAWAG Group AG | 0.4% |
| IAMGOLD Corp. | 0.3% |
| Hudbay Minerals, Inc. | 0.3% |
| China Gold International Resources Corp., Ltd. | 0.3% |
| Orion OYJ, Class B | 0.3% |
| PSP Swiss Property AG | 0.3% |
| SPIE SA | 0.3% |
| Belimo Holding AG | 0.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 24.0% |
| Materials | 14.6% |
| Financials | 13.5% |
| Consumer discretionary | 12.3% |
| Information technology | 7.3% |
| Health care | 5.5% |
| Consumer staples | 5.3% |
| Energy | 4.7% |
| Real estate | 4.5% |
| Communication services | 3.8% |
| Utilities | 3.4% |
| Short-term investments and other | 1.1% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289261.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INSC-A-I

12/25

2/26

International Small Company Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Small Company Trust
Series II/JAADX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Small Company Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Small Company Trust<br>(Series II/JAADX) | $148 | 1.26% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Small Company Trust (Series II/JAADX) returned 34.67% for the year ended December 31, 2025. Globally, markets reacted favorably to interest rate cuts from central banks and enthusiasm over artificial intelligence buoyed many stocks globally. While returns were largely positive across most sectors and regions, within developed markets several Eurozone countries as well as Canada outperformed, while Korea delivered notably strong returns within emerging markets. During the one-year period, most of the major developed ex US market currencies, such as the Swedish krona and the Swiss franc, appreciated relative to the US dollar while others, such as the Hong Kong dollar, depreciated. Overall, currency movements had a positive impact on the US dollar-denominated returns of the developed ex US market.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's allocation to international small cap stocks, excluding those with the lowest profitability and highest relative prices, contributed to absolute performance.

**Sector** \| At the sector level, the portfolio's allocations to industrials and materials contributed to absolute performance.

**Country** \| At the country level, the portfolio's allocation to Japan contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector** \| At the sector level, the portfolio's allocations to financials and materials contributed to absolute performance.

**Country** \| While the portfolio's overall allocation to Germany contributed overall, specific holdings such as Gerresheimer AG and Puma SE detracted from performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289246.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Small Company Trust (Series II/JAADX) | 34.67% | 7.77% | 7.57% |
| MSCI World ex USA Index | 31.85% | 9.46% | 8.55% |
| MSCI World ex USA Small Cap Index | 34.07% | 6.49% | 8.05% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$114022167 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2806 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$818996 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Helvetia Baloise Holding AG | 0.5% |
| Swiss Prime Site AG | 0.5% |
| BAWAG Group AG | 0.4% |
| IAMGOLD Corp. | 0.3% |
| Hudbay Minerals, Inc. | 0.3% |
| China Gold International Resources Corp., Ltd. | 0.3% |
| Orion OYJ, Class B | 0.3% |
| PSP Swiss Property AG | 0.3% |
| SPIE SA | 0.3% |
| Belimo Holding AG | 0.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 24.0% |
| Materials | 14.6% |
| Financials | 13.5% |
| Consumer discretionary | 12.3% |
| Information technology | 7.3% |
| Health care | 5.5% |
| Consumer staples | 5.3% |
| Energy | 4.7% |
| Real estate | 4.5% |
| Communication services | 3.8% |
| Utilities | 3.4% |
| Short-term investments and other | 1.1% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289251.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INSC-A-II

12/25

2/26

International Small Company Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust International Small Company Trust
Series NAV/JAJDX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the International Small Company Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| International Small Company Trust<br>(Series NAV/JAJDX) | $119 | 1.01% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
International Small Company Trust (Series NAV/JAJDX) returned 35.01% for the year ended December 31, 2025. Globally, markets reacted favorably to interest rate cuts from central banks and enthusiasm over artificial intelligence buoyed many stocks globally. While returns were largely positive across most sectors and regions, within developed markets several Eurozone countries as well as Canada outperformed, while Korea delivered notably strong returns within emerging markets. During the one-year period, most of the major developed ex US market currencies, such as the Swedish krona and the Swiss franc, appreciated relative to the US dollar while others, such as the Hong Kong dollar, depreciated. Overall, currency movements had a positive impact on the US dollar-denominated returns of the developed ex US market.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's allocation to international small cap stocks, excluding those with the lowest profitability and highest relative prices, contributed to absolute performance.

**Sector** \| At the sector level, the portfolio's allocations to industrials and materials contributed to absolute performance.

**Country** \| At the country level, the portfolio's allocation to Japan contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector** \| At the sector level, the portfolio's allocations to financials and materials contributed to absolute performance.

**Country** \| While the portfolio's overall allocation to Germany contributed overall, specific holdings such as Gerresheimer AG and Puma SE detracted from performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289224.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| International Small Company Trust (Series NAV/JAJDX) | 35.01% | 8.04% | 7.85% |
| MSCI World ex USA Index | 31.85% | 9.46% | 8.55% |
| MSCI World ex USA Small Cap Index | 34.07% | 6.49% | 8.05% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$114022167 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2806 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$818996 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;15% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Helvetia Baloise Holding AG | 0.5% |
| Swiss Prime Site AG | 0.5% |
| BAWAG Group AG | 0.4% |
| IAMGOLD Corp. | 0.3% |
| Hudbay Minerals, Inc. | 0.3% |
| China Gold International Resources Corp., Ltd. | 0.3% |
| Orion OYJ, Class B | 0.3% |
| PSP Swiss Property AG | 0.3% |
| SPIE SA | 0.3% |
| Belimo Holding AG | 0.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 24.0% |
| Materials | 14.6% |
| Financials | 13.5% |
| Consumer discretionary | 12.3% |
| Information technology | 7.3% |
| Health care | 5.5% |
| Consumer staples | 5.3% |
| Energy | 4.7% |
| Real estate | 4.5% |
| Communication services | 3.8% |
| Utilities | 3.4% |
| Short-term investments and other | 1.1% |

---

**Country Composition**

![Graphical Representation - Allocation 2 Chart](chartimages_6289219.jpg)

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INSC-A-NAV

12/25

2/26

International Small Company Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio
Series I/JHBPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Balanced Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Balanced Portfolio<br>(Series I/JHBPX) | $13 | 0.12% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Balanced Portfolio (Series I/JHBPX) returned 14.10% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289628.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Balanced Portfolio (Series I/JHBPX) | 14.10% | 5.44% | 7.02% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderate Target Allocation Index | 14.60% | 7.54% | 8.88% |
| 50% Bloomberg U.S. Aggregate Bond Index/ 15% MSCI EAFE Index/ 35% Russell 3000 Index | 14.25% | 5.80% | 7.39% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$998797669 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$359864 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 50.1% |
| Fixed income | 49.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LBP-A-I

12/25

2/26

Lifestyle Balanced Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio
Series II/JAILX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Balanced Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Balanced Portfolio<br>(Series II/JAILX) | $34 | 0.32% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Balanced Portfolio (Series II/JAILX) returned 13.81% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289599.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Balanced Portfolio (Series II/JAILX) | 13.81% | 5.23% | 6.81% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderate Target Allocation Index | 14.60% | 7.54% | 8.88% |
| 50% Bloomberg U.S. Aggregate Bond Index/ 15% MSCI EAFE Index/ 35% Russell 3000 Index | 14.25% | 5.80% | 7.39% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$998797669 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$359864 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 50.1% |
| Fixed income | 49.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LBP-A-II

12/25

2/26

Lifestyle Balanced Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Balanced Portfolio
Series NAV/JAINX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Balanced Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Balanced Portfolio<br>(Series NAV/JAINX) | $7 | 0.07% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Balanced Portfolio (Series NAV/JAINX) returned 14.06% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289578.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Balanced Portfolio (Series NAV/JAINX) | 14.06% | 5.49% | 7.07% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderate Target Allocation Index | 14.60% | 7.54% | 8.88% |
| 50% Bloomberg U.S. Aggregate Bond Index/ 15% MSCI EAFE Index/ 35% Russell 3000 Index | 14.25% | 5.80% | 7.39% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$998797669 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$359864 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 50.1% |
| Fixed income | 49.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LBP-A-NAV

12/25

2/26

Lifestyle Balanced Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio
Series I/JHCIX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Conservative Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Conservative Portfolio<br>(Series I/JHCIX) | $14 | 0.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Conservative Portfolio (Series I/JHCIX) returned 10.05% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed the most to absolute performance.

**Equity allocation** \| The fund's equity allocation to international and U.S. large-cap stocks also contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289450.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Conservative Portfolio (Series I/JHCIX) | 10.05% | 1.97% | 4.16% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Conservative Target Allocation Index | 9.61% | 2.99% | 4.67% |
| 80% Bloomberg U.S. Aggregate Bond Index/ 6% MSCI EAFE Index/ 14% Russell 3000 Index | 10.06% | 2.10% | 4.19% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$149357321 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 80.1% |
| Equity | 19.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LICO-A-I

12/25

2/26

Lifestyle Conservative Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio
Series II/JAIRX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Conservative Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Conservative Portfolio<br>(Series II/JAIRX) | $35 | 0.33% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Conservative Portfolio (Series II/JAIRX) returned 9.82% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed the most to absolute performance.

**Equity allocation** \| The fund's equity allocation to international and U.S. large-cap stocks also contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289409.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Conservative Portfolio (Series II/JAIRX) | 9.82% | 1.77% | 3.95% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Conservative Target Allocation Index | 9.61% | 2.99% | 4.67% |
| 80% Bloomberg U.S. Aggregate Bond Index/ 6% MSCI EAFE Index/ 14% Russell 3000 Index | 10.06% | 2.10% | 4.19% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$149357321 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 80.1% |
| Equity | 19.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LICO-A-II

12/25

2/26

Lifestyle Conservative Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Conservative Portfolio
Series NAV/JAIQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Conservative Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Conservative Portfolio<br>(Series NAV/JAIQX) | $8 | 0.08% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Conservative Portfolio (Series NAV/JAIQX) returned 10.07% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed the most to absolute performance.

**Equity allocation** \| The fund's equity allocation to international and U.S. large-cap stocks also contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289400.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Conservative Portfolio (Series NAV/JAIQX) | 10.07% | 2.02% | 4.20% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Conservative Target Allocation Index | 9.61% | 2.99% | 4.67% |
| 80% Bloomberg U.S. Aggregate Bond Index/ 6% MSCI EAFE Index/ 14% Russell 3000 Index | 10.06% | 2.10% | 4.19% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$149357321 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$0 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 80.1% |
| Equity | 19.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LICO-A-NAV

12/25

2/26

Lifestyle Conservative Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Growth Portfolio
Series I/JHGPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Growth Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Growth Portfolio<br>(Series I/JHGPX) | $13 | 0.12% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Growth Portfolio (Series I/JHGPX) returned 16.72% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289717.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Growth Portfolio (Series I/JHGPX) | 16.72% | 7.79% | 8.90% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderately Aggressive Target Allocation Index | 17.72% | 9.40% | 10.51% |
| 30% Bloomberg U.S. Aggregate Bond Index/ 21% MSCI EAFE Index/ 49% Russell 3000 Index | 17.07% | 8.27% | 9.47% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$5183371691 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1869916 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 70.5% |
| Fixed income | 29.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIGR-A-I

12/25

2/26

Lifestyle Growth Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Growth Portfolio
Series II/JAIKX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Growth Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Growth Portfolio<br>(Series II/JAIKX) | $35 | 0.32% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Growth Portfolio (Series II/JAIKX) returned 16.51% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289688.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Growth Portfolio (Series II/JAIKX) | 16.51% | 7.58% | 8.69% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderately Aggressive Target Allocation Index | 17.72% | 9.40% | 10.51% |
| 30% Bloomberg U.S. Aggregate Bond Index/ 21% MSCI EAFE Index/ 49% Russell 3000 Index | 17.07% | 8.27% | 9.47% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$5183371691 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1869916 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 70.5% |
| Fixed income | 29.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIGR-A-II

12/25

2/26

Lifestyle Growth Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Growth Portfolio
Series NAV/JAIJX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Growth Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Growth Portfolio<br>(Series NAV/JAIJX) | $8 | 0.07% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Growth Portfolio (Series NAV/JAIJX) returned 16.84% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289667.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Growth Portfolio (Series NAV/JAIJX) | 16.84% | 7.86% | 8.96% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Morningstar U.S. Moderately Aggressive Target Allocation Index | 17.72% | 9.40% | 10.51% |
| 30% Bloomberg U.S. Aggregate Bond Index/ 21% MSCI EAFE Index/ 49% Russell 3000 Index | 17.07% | 8.27% | 9.47% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$5183371691 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1869916 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;11% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Equity | 70.5% |
| Fixed income | 29.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIGR-A-NAV

12/25

2/26

Lifestyle Growth Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio
Series I/JHMPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Moderate Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Moderate Portfolio<br>(Series I/JHMPX) | $14 | 0.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Moderate Portfolio (Series I/JHMPX) returned 12.67% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289539.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Moderate Portfolio (Series I/JHMPX) | 12.67% | 4.25% | 6.04% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Moderately Conservative Target Allocation Index | 12.35% | 5.00% | 6.53% |
| 60% Bloomberg U.S. Aggregate Bond Index/ 12% MSCI EAFE Index/ 28% Russell 3000 Index | 12.84% | 4.56% | 6.33% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270223890 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$53296 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 60.1% |
| Equity | 39.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIMO-A-I

12/25

2/26 Lifestyle Moderate Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio
Series II/JAIPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Moderate Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Moderate Portfolio<br>(Series II/JAIPX) | $35 | 0.33% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Moderate Portfolio (Series II/JAIPX) returned 12.48% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289510.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Moderate Portfolio (Series II/JAIPX) | 12.48% | 4.05% | 5.84% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Moderately Conservative Target Allocation Index | 12.35% | 5.00% | 6.53% |
| 60% Bloomberg U.S. Aggregate Bond Index/ 12% MSCI EAFE Index/ 28% Russell 3000 Index | 12.84% | 4.56% | 6.33% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270223890 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$53296 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 60.1% |
| Equity | 39.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIMO-A-II

12/25

2/26 Lifestyle Moderate Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Lifestyle Moderate Portfolio
Series NAV/JAIOX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Lifestyle Moderate Portfolio (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Lifestyle Moderate Portfolio<br>(Series NAV/JAIOX) | $9 | 0.08% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Lifestyle Moderate Portfolio (Series NAV/JAIOX) returned 12.69% for the year ended December 31, 2025. Global equity markets generated positive returns during the year, with performance contributions varying across regions and sectors. While large capitalization technology oriented companies supported equity returns, market leadership broadened over the period. Value oriented stocks and developed markets international equities also posted gains. Fixed income markets recorded positive performance, with credit oriented and shorter duration securities generally outperforming other segments.

#### TOP PERFORMANCE CONTRIBUTORS
**Equity allocation** \| International and U.S. large-cap stocks were the top contributors to absolute performance.

**Fixed income allocation** \| The fund's fixed income allocation to intermediate term bonds contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No allocation detractors** \| There were no allocation detractors from absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289489.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Lifestyle Moderate Portfolio (Series NAV/JAIOX) | 12.69% | 4.30% | 6.10% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | (0.36)% | 2.01% |
| Morningstar U.S. Moderately Conservative Target Allocation Index | 12.35% | 5.00% | 6.53% |
| 60% Bloomberg U.S. Aggregate Bond Index/ 12% MSCI EAFE Index/ 28% Russell 3000 Index | 12.84% | 4.56% | 6.33% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$270223890 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$53296 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;10% |

---

#### Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Asset Allocation**

---

| | |
|:---|:---|
| **Affiliated investment companies** | **100.0%** |
| Fixed income | 60.1% |
| Equity | 39.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

LIMO-A-NAV

12/25

2/26 Lifestyle Moderate Portfolio

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Growth Trust
Series I/JAETX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Growth Trust<br>(Series I/JAETX) | $96 | 0.93% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Growth Trust (Series I/JAETX) returned 6.11% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by easing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. The Federal Reserve lowered interest rates to bolster a cooling labor market yet maintained caution amid uneven inflation and lingering data gaps following the government shutdown.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| Positions in Palantir Technologies, Inc. and Celestica, Inc. contributed the most to the fund's absolute performance.

**Sector** \| The information technology and health care sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| Positions in Marvell Technology, Inc. and Roblox Corp. were the top detractors from the fund's absolute performance.

**Sector** \| The consumer staples and real estate sectors detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290737.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Growth Trust (Series I/JAETX) | 6.11% | 1.30% | 11.69% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Growth Index | 8.66% | 6.65% | 12.49% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$630014132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;68 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5243954 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;143% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Natera, Inc. | 3.8% |
| Cloudflare, Inc., Class A | 3.6% |
| Vertiv Holdings Company, Class A | 3.2% |
| Howmet Aerospace, Inc. | 3.2% |
| Quanta Services, Inc. | 3.1% |
| Axon Enterprise, Inc. | 2.8% |
| Marriott International, Inc., Class A | 2.6% |
| Reddit, Inc., Class A | 2.5% |
| Liberty Media Corp.-Liberty Formula One, Series C | 2.4% |
| Royal Caribbean Cruises, Ltd. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 22.0% |
| Consumer discretionary | 19.8% |
| Industrials | 18.0% |
| Health care | 12.7% |
| Communication services | 9.0% |
| Financials | 6.4% |
| Energy | 3.8% |
| Utilities | 3.6% |
| Consumer staples | 1.6% |
| Real estate | 1.2% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIGR-A-I

12/25

2/26

Mid Cap Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Growth Trust
Series II/JAEUX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Growth Trust<br>(Series II/JAEUX) | $116 | 1.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Growth Trust (Series II/JAEUX) returned 5.94% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by easing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. The Federal Reserve lowered interest rates to bolster a cooling labor market yet maintained caution amid uneven inflation and lingering data gaps following the government shutdown.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| Positions in Palantir Technologies, Inc. and Celestica, Inc. contributed the most to the fund's absolute performance.

**Sector** \| The information technology and health care sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| Positions in Marvell Technology, Inc. and Roblox Corp. were the top detractors from the fund's absolute performance.

**Sector** \| The consumer staples and real estate sectors detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290706.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Growth Trust (Series II/JAEUX) | 5.94% | 1.10% | 11.47% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Growth Index | 8.66% | 6.65% | 12.49% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$630014132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;68 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5243954 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;143% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Natera, Inc. | 3.8% |
| Cloudflare, Inc., Class A | 3.6% |
| Vertiv Holdings Company, Class A | 3.2% |
| Howmet Aerospace, Inc. | 3.2% |
| Quanta Services, Inc. | 3.1% |
| Axon Enterprise, Inc. | 2.8% |
| Marriott International, Inc., Class A | 2.6% |
| Reddit, Inc., Class A | 2.5% |
| Liberty Media Corp.-Liberty Formula One, Series C | 2.4% |
| Royal Caribbean Cruises, Ltd. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 22.0% |
| Consumer discretionary | 19.8% |
| Industrials | 18.0% |
| Health care | 12.7% |
| Communication services | 9.0% |
| Financials | 6.4% |
| Energy | 3.8% |
| Utilities | 3.6% |
| Consumer staples | 1.6% |
| Real estate | 1.2% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIGR-A-II

12/25

2/26

Mid Cap Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Growth Trust
Series NAV/JAEVX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Growth Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Growth Trust<br>(Series NAV/JAEVX) | $91 | 0.88% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Growth Trust (Series NAV/JAEVX) returned 6.17% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by easing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. The Federal Reserve lowered interest rates to bolster a cooling labor market yet maintained caution amid uneven inflation and lingering data gaps following the government shutdown.

#### TOP PERFORMANCE CONTRIBUTORS
**Holdings** \| Positions in Palantir Technologies, Inc. and Celestica, Inc. contributed the most to the fund's absolute performance.

**Sector** \| The information technology and health care sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Holdings** \| Positions in Marvell Technology, Inc. and Roblox Corp. were the top detractors from the fund's absolute performance.

**Sector** \| The consumer staples and real estate sectors detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290697.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Growth Trust (Series NAV/JAEVX) | 6.17% | 1.36% | 11.75% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Growth Index | 8.66% | 6.65% | 12.49% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$630014132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;68 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$5243954 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;143% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Natera, Inc. | 3.8% |
| Cloudflare, Inc., Class A | 3.6% |
| Vertiv Holdings Company, Class A | 3.2% |
| Howmet Aerospace, Inc. | 3.2% |
| Quanta Services, Inc. | 3.1% |
| Axon Enterprise, Inc. | 2.8% |
| Marriott International, Inc., Class A | 2.6% |
| Reddit, Inc., Class A | 2.5% |
| Liberty Media Corp.-Liberty Formula One, Series C | 2.4% |
| Royal Caribbean Cruises, Ltd. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 22.0% |
| Consumer discretionary | 19.8% |
| Industrials | 18.0% |
| Health care | 12.7% |
| Communication services | 9.0% |
| Financials | 6.4% |
| Energy | 3.8% |
| Utilities | 3.6% |
| Consumer staples | 1.6% |
| Real estate | 1.2% |
| Short-term investments and other | 1.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIGR-A-NAV

12/25

2/26

Mid Cap Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Index Trust
Series I/JECIX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Index Trust<br>(Series I/JECIX) | $48 | 0.46% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Index Trust (Series I/JECIX) returned 6.98% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed to performance by posting positive returns for the period. Comfort Systems USA, Inc. was a leading performer.

**Information technology** \| Information technology also contributed to absolute performance with holdings in Ciena Corp. and Lumentum Holdings, Inc.

**Financials** \| Interactive Brokers Group, Inc. was a leading performer in the financials sector.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted from absolute performance with holdings in Duolingo, Inc. and Floor & Decor Holdings, Inc.

**Consumer staples** \| Consumer staples was another fund performance detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290565.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Index Trust (Series I/JECIX) | 6.98% | 8.63% | 10.23% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| S&P MidCap 400 Index | 7.50% | 9.12% | 10.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1174805921 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;404 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4258140 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;14% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Ciena Corp. | 1.0% |
| Coherent Corp. | 0.9% |
| Lumentum Holdings, Inc. | 0.8% |
| Flex, Ltd. | 0.7% |
| Twilio, Inc., Class A | 0.6% |
| United Therapeutics Corp. | 0.6% |
| Pure Storage, Inc., Class A | 0.6% |
| Casey's General Stores, Inc. | 0.6% |
| Curtiss-Wright Corp. | 0.6% |
| Illumina, Inc. | 0.6% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 22.8% |
| Financials | 16.2% |
| Information technology | 13.6% |
| Consumer discretionary | 11.2% |
| Health care | 8.6% |
| Real estate | 6.2% |
| Materials | 5.2% |
| Consumer staples | 4.1% |
| Energy | 3.8% |
| Utilities | 3.2% |
| Communication services | 1.9% |
| Short-term investments and other | 3.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIDC-A-I

12/25

2/26

Mid Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Index Trust
Series II/JAEZX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Index Trust<br>(Series II/JAEZX) | $68 | 0.66% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Index Trust (Series II/JAEZX) returned 6.81% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed to performance by posting positive returns for the period. Comfort Systems USA, Inc. was a leading performer.

**Information technology** \| Information technology also contributed to absolute performance with holdings in Ciena Corp. and Lumentum Holdings, Inc.

**Financials** \| Interactive Brokers Group, Inc. was a leading performer in the financials sector.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted from absolute performance with holdings in Duolingo, Inc. and Floor & Decor Holdings, Inc.

**Consumer staples** \| Consumer staples was another fund performance detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290534.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Index Trust (Series II/JAEZX) | 6.81% | 8.42% | 10.02% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| S&P MidCap 400 Index | 7.50% | 9.12% | 10.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1174805921 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;404 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4258140 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;14% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Ciena Corp. | 1.0% |
| Coherent Corp. | 0.9% |
| Lumentum Holdings, Inc. | 0.8% |
| Flex, Ltd. | 0.7% |
| Twilio, Inc., Class A | 0.6% |
| United Therapeutics Corp. | 0.6% |
| Pure Storage, Inc., Class A | 0.6% |
| Casey's General Stores, Inc. | 0.6% |
| Curtiss-Wright Corp. | 0.6% |
| Illumina, Inc. | 0.6% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 22.8% |
| Financials | 16.2% |
| Information technology | 13.6% |
| Consumer discretionary | 11.2% |
| Health care | 8.6% |
| Real estate | 6.2% |
| Materials | 5.2% |
| Consumer staples | 4.1% |
| Energy | 3.8% |
| Utilities | 3.2% |
| Communication services | 1.9% |
| Short-term investments and other | 3.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIDC-A-II

12/25

2/26

Mid Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Cap Index Trust
Series NAV/JAEYX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Cap Index Trust<br>(Series NAV/JAEYX) | $42 | 0.41% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Cap Index Trust (Series NAV/JAEYX) returned 7.03% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed to performance by posting positive returns for the period. Comfort Systems USA, Inc. was a leading performer.

**Information technology** \| Information technology also contributed to absolute performance with holdings in Ciena Corp. and Lumentum Holdings, Inc.

**Financials** \| Interactive Brokers Group, Inc. was a leading performer in the financials sector.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| Consumer discretionary detracted from absolute performance with holdings in Duolingo, Inc. and Floor & Decor Holdings, Inc.

**Consumer staples** \| Consumer staples was another fund performance detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290513.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Cap Index Trust (Series NAV/JAEYX) | 7.03% | 8.68% | 10.29% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| S&P MidCap 400 Index | 7.50% | 9.12% | 10.72% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1174805921 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;404 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4258140 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;14% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Ciena Corp. | 1.0% |
| Coherent Corp. | 0.9% |
| Lumentum Holdings, Inc. | 0.8% |
| Flex, Ltd. | 0.7% |
| Twilio, Inc., Class A | 0.6% |
| United Therapeutics Corp. | 0.6% |
| Pure Storage, Inc., Class A | 0.6% |
| Casey's General Stores, Inc. | 0.6% |
| Curtiss-Wright Corp. | 0.6% |
| Illumina, Inc. | 0.6% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Industrials | 22.8% |
| Financials | 16.2% |
| Information technology | 13.6% |
| Consumer discretionary | 11.2% |
| Health care | 8.6% |
| Real estate | 6.2% |
| Materials | 5.2% |
| Consumer staples | 4.1% |
| Energy | 3.8% |
| Utilities | 3.2% |
| Communication services | 1.9% |
| Short-term investments and other | 3.2% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MIDC-A-NAV

12/25

2/26

Mid Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Value Trust
Series I/JEMUX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Value Trust<br>(Series I/JEMUX) | $95 | 0.92% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Value Trust (Series I/JEMUX) returned 5.85% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and the administration began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector strongly contributed in absolute terms driven by Sandisk Corp.

**Energy** \| The energy sector also contributed in absolute terms driven by TechnipFMC PLC.

**Industrials** \| The industrials sector contributed by posting positive absolute returns for the period driven by APi Group Corp.

**Financials** \| The financials sector also contributed driven by Popular, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted by posting a negative absolute returns for the period. A position in Lamb Weston Holdings, Inc. weighed on fund performance.

**Health care** \| The health care sector further detracted with Perrigo Company PLC. posting a negative return for the period.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288751.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Value Trust (Series I/JEMUX) | 5.85% | 11.65% | 10.85% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Value Index | 11.05% | 9.83% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$585185768 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4794062 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;56% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| The Cooper Companies, Inc. | 1.7% |
| Keysight Technologies, Inc. | 1.6% |
| The Middleby Corp. | 1.5% |
| Corning, Inc. | 1.5% |
| Corpay, Inc. | 1.5% |
| API Group Corp. | 1.5% |
| Lazard, Inc. | 1.5% |
| Zimmer Biomet Holdings, Inc. | 1.4% |
| StandardAero, Inc. | 1.3% |
| American International Group, Inc. | 1.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 20.9% |
| Industrials | 18.8% |
| Information technology | 13.7% |
| Health care | 10.0% |
| Real estate | 7.8% |
| Utilities | 6.9% |
| Consumer discretionary | 6.4% |
| Energy | 6.2% |
| Materials | 5.0% |
| Consumer staples | 1.8% |
| Communication services | 0.9% |
| Short-term investments and other | 1.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MVT-A-I

12/25

2/26

Mid Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Value Trust
Series II/JAGYX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Value Trust<br>(Series II/JAGYX) | $115 | 1.12% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Value Trust (Series II/JAGYX) returned 5.65% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and the administration began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector strongly contributed in absolute terms driven by Sandisk Corp.

**Energy** \| The energy sector also contributed in absolute terms driven by TechnipFMC PLC.

**Industrials** \| The industrials sector contributed by posting positive absolute returns for the period driven by APi Group Corp.

**Financials** \| The financials sector also contributed driven by Popular, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted by posting a negative absolute returns for the period. A position in Lamb Weston Holdings, Inc. weighed on fund performance.

**Health care** \| The health care sector further detracted with Perrigo Company PLC. posting a negative return for the period.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288720.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Value Trust (Series II/JAGYX) | 5.65% | 11.45% | 10.63% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Value Index | 11.05% | 9.83% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$585185768 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4794062 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;56% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| The Cooper Companies, Inc. | 1.7% |
| Keysight Technologies, Inc. | 1.6% |
| The Middleby Corp. | 1.5% |
| Corning, Inc. | 1.5% |
| Corpay, Inc. | 1.5% |
| API Group Corp. | 1.5% |
| Lazard, Inc. | 1.5% |
| Zimmer Biomet Holdings, Inc. | 1.4% |
| StandardAero, Inc. | 1.3% |
| American International Group, Inc. | 1.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 20.9% |
| Industrials | 18.8% |
| Information technology | 13.7% |
| Health care | 10.0% |
| Real estate | 7.8% |
| Utilities | 6.9% |
| Consumer discretionary | 6.4% |
| Energy | 6.2% |
| Materials | 5.0% |
| Consumer staples | 1.8% |
| Communication services | 0.9% |
| Short-term investments and other | 1.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MVT-A-II

12/25

2/26 Mid Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Mid Value Trust
Series NAV/JAGWX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Mid Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Mid Value Trust<br>(Series NAV/JAGWX) | $90 | 0.87% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Mid Value Trust (Series NAV/JAGWX) returned 5.87% for the year ended December 31, 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after a 90-day pause was declared on these tariffs for many countries and the administration began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector strongly contributed in absolute terms driven by Sandisk Corp.

**Energy** \| The energy sector also contributed in absolute terms driven by TechnipFMC PLC.

**Industrials** \| The industrials sector contributed by posting positive absolute returns for the period driven by APi Group Corp.

**Financials** \| The financials sector also contributed driven by Popular, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector detracted by posting a negative absolute returns for the period. A position in Lamb Weston Holdings, Inc. weighed on fund performance.

**Health care** \| The health care sector further detracted with Perrigo Company PLC. posting a negative return for the period.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288711.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Mid Value Trust (Series NAV/JAGWX) | 5.87% | 11.69% | 10.91% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell Midcap Value Index | 11.05% | 9.83% | 9.78% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$585185768 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;128 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4794062 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;56% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| The Cooper Companies, Inc. | 1.7% |
| Keysight Technologies, Inc. | 1.6% |
| The Middleby Corp. | 1.5% |
| Corning, Inc. | 1.5% |
| Corpay, Inc. | 1.5% |
| API Group Corp. | 1.5% |
| Lazard, Inc. | 1.5% |
| Zimmer Biomet Holdings, Inc. | 1.4% |
| StandardAero, Inc. | 1.3% |
| American International Group, Inc. | 1.3% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 20.9% |
| Industrials | 18.8% |
| Information technology | 13.7% |
| Health care | 10.0% |
| Real estate | 7.8% |
| Utilities | 6.9% |
| Consumer discretionary | 6.4% |
| Energy | 6.2% |
| Materials | 5.0% |
| Consumer staples | 1.8% |
| Communication services | 0.9% |
| Short-term investments and other | 1.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MVT-A-NAV

12/25

2/26

Mid Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Real Estate Securities Trust
Series I/JADBX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Real Estate Securities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Real Estate Securities Trust<br>(Series I/JADBX) | $81 | 0.81% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Real Estate Securities Trust (Series I/JADBX) returned 0.63% for the year ended December 31, 2025. U.S. equities advanced in 2025, driven by stable inflation, strong earnings, better trade sentiment, and above-trend GDP growth. Volatility driven by tariff escalations, artificial intelligence (AI) related valuation concerns, U.S Federal Reserve policy uncertainty, and the prolonged government shutdown gradually dissipated as trade tensions eased, earnings outperformed expectations, and consumer spending remained resilient. Economic momentum increased with the fastest GDP expansion in two years, fueled by AI investment, consumer demand, and government spending. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Welltower, Inc. and Prologis, Inc.** \| Positions in Welltower, Inc. and Prologis, Inc. contributed the most to the fund's absolute performance.

 **Healthcare Real Estate and Warehouse/Logistics** \| The healthcare real estate and warehouse/logistics industries contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Equinix, Inc. and SL Green Realty Corp.** \| Positions in Equinix, Inc. and SL Green Realty Corp. weighed on the fund's absolute performance.

 **Real Estate Technology and Multifamily** \| The real estate technology and multifamily industries detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6287201.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Real Estate Securities Trust (Series I/JADBX) | 0.63% | 5.73% | 5.87% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Dow Jones U.S. Select REIT Index | 3.67% | 6.65% | 4.81% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$294656429 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;37 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1985253 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;108% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Welltower, Inc. | 12.7% |
| Prologis, Inc. | 11.8% |
| Simon Property Group, Inc. | 6.7% |
| Equinix, Inc. | 6.5% |
| Essex Property Trust, Inc. | 4.0% |
| WP Carey, Inc. | 3.8% |
| Mid-America Apartment Communities, Inc. | 3.8% |
| Digital Realty Trust, Inc. | 3.5% |
| Public Storage | 3.2% |
| American Healthcare REIT, Inc. | 2.9% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Health care REITs | 20.5% |
| Industrial REITs | 16.0% |
| Specialized REITs | 15.6% |
| Retail REITs | 14.2% |
| Residential REITs | 13.1% |
| Diversified REITs | 6.0% |
| Office REITs | 3.6% |
| Hotels, restaurants and leisure | 2.8% |
| Real estate management and development | 1.8% |
| Health care providers and services | 1.6% |
| Capital markets | 1.5% |
| Hotel and resort REITs | 1.1% |
| IT services | 0.4% |
| Short-term investments and other | 1.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

RESE-A-I

12/25

2/26 Real Estate Securities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Real Estate Securities Trust
Series II/JAJLX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Real Estate Securities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Real Estate Securities Trust<br>(Series II/JAJLX) | $101 | 1.01% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Real Estate Securities Trust (Series II/JAJLX) returned 0.40% for the year ended December 31, 2025. U.S. equities advanced in 2025, driven by stable inflation, strong earnings, better trade sentiment, and above-trend GDP growth. Volatility driven by tariff escalations, artificial intelligence (AI) related valuation concerns, U.S Federal Reserve policy uncertainty, and the prolonged government shutdown gradually dissipated as trade tensions eased, earnings outperformed expectations, and consumer spending remained resilient. Economic momentum increased with the fastest GDP expansion in two years, fueled by AI investment, consumer demand, and government spending. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Welltower, Inc. and Prologis, Inc.** \| Positions in Welltower, Inc. and Prologis, Inc. contributed the most to the fund's absolute performance.

 **Healthcare Real Estate and Warehouse/Logistics** \| The healthcare real estate and warehouse/logistics industries contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Equinix, Inc. and SL Green Realty Corp.** \| Positions in Equinix, Inc. and SL Green Realty Corp. weighed on the fund's absolute performance.

 **Real Estate Technology and Multifamily** \| The real estate technology and multifamily industries detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291603.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Real Estate Securities Trust (Series II/JAJLX) | 0.40% | 5.51% | 5.66% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Dow Jones U.S. Select REIT Index | 3.67% | 6.65% | 4.81% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$294656429 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;37 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1985253 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;108% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Welltower, Inc. | 12.7% |
| Prologis, Inc. | 11.8% |
| Simon Property Group, Inc. | 6.7% |
| Equinix, Inc. | 6.5% |
| Essex Property Trust, Inc. | 4.0% |
| WP Carey, Inc. | 3.8% |
| Mid-America Apartment Communities, Inc. | 3.8% |
| Digital Realty Trust, Inc. | 3.5% |
| Public Storage | 3.2% |
| American Healthcare REIT, Inc. | 2.9% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Health care REITs | 20.5% |
| Industrial REITs | 16.0% |
| Specialized REITs | 15.6% |
| Retail REITs | 14.2% |
| Residential REITs | 13.1% |
| Diversified REITs | 6.0% |
| Office REITs | 3.6% |
| Hotels, restaurants and leisure | 2.8% |
| Real estate management and development | 1.8% |
| Health care providers and services | 1.6% |
| Capital markets | 1.5% |
| Hotel and resort REITs | 1.1% |
| IT services | 0.4% |
| Short-term investments and other | 1.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

RESE-A-II

12/25

2/26

Real Estate Securities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Real Estate Securities Trust
Series NAV/JAJMX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Real Estate Securities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Real Estate Securities Trust<br>(Series NAV/JAJMX) | $76 | 0.76% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Real Estate Securities Trust (Series NAV/JAJMX) returned 0.63% for the year ended December 31, 2025. U.S. equities advanced in 2025, driven by stable inflation, strong earnings, better trade sentiment, and above-trend GDP growth. Volatility driven by tariff escalations, artificial intelligence (AI) related valuation concerns, U.S Federal Reserve policy uncertainty, and the prolonged government shutdown gradually dissipated as trade tensions eased, earnings outperformed expectations, and consumer spending remained resilient. Economic momentum increased with the fastest GDP expansion in two years, fueled by AI investment, consumer demand, and government spending. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Welltower, Inc. and Prologis, Inc.** \| Positions in Welltower, Inc. and Prologis, Inc. contributed the most to the fund's absolute performance.

 **Healthcare Real Estate and Warehouse/Logistics** \| The healthcare real estate and warehouse/logistics industries contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Equinix, Inc. and SL Green Realty Corp.** \| Positions in Equinix, Inc. and SL Green Realty Corp. weighed on the fund's absolute performance.

 **Real Estate Technology and Multifamily** \| The real estate technology and multifamily industries detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291581.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Real Estate Securities Trust (Series NAV/JAJMX) | 0.63% | 5.77% | 5.91% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Dow Jones U.S. Select REIT Index | 3.67% | 6.65% | 4.81% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$294656429 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;37 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1985253 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;108% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Welltower, Inc. | 12.7% |
| Prologis, Inc. | 11.8% |
| Simon Property Group, Inc. | 6.7% |
| Equinix, Inc. | 6.5% |
| Essex Property Trust, Inc. | 4.0% |
| WP Carey, Inc. | 3.8% |
| Mid-America Apartment Communities, Inc. | 3.8% |
| Digital Realty Trust, Inc. | 3.5% |
| Public Storage | 3.2% |
| American Healthcare REIT, Inc. | 2.9% |

---

**Industry Composition** 

---

| | |
|:---|:---|
| Health care REITs | 20.5% |
| Industrial REITs | 16.0% |
| Specialized REITs | 15.6% |
| Retail REITs | 14.2% |
| Residential REITs | 13.1% |
| Diversified REITs | 6.0% |
| Office REITs | 3.6% |
| Hotels, restaurants and leisure | 2.8% |
| Real estate management and development | 1.8% |
| Health care providers and services | 1.6% |
| Capital markets | 1.5% |
| Hotel and resort REITs | 1.1% |
| IT services | 0.4% |
| Short-term investments and other | 1.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

RESE-A-NAV

12/25

2/26

Real Estate Securities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Science & Technology Trust
Series I/JESTX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Science & Technology Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Science & Technology Trust<br>(Series I/JESTX) | $110 | 0.98% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Science & Technology Trust (Series I/JESTX) returned 23.58% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Semiconductors** \| The semiconductors industry contributed to absolute performance driven by Broadcom, Inc.

**Internet** \| The internet industry contributed to absolute performance driven by Alphabet, Inc.

**Hardware** \| The hardware industry also contributed for the annual period driven by Apple, Inc.

#### TOP PERFORMANCE DETRACTORS
**IT services** \| IT services detracted from absolute performance driven by Accenture PLC.

**Industrials** \| Holdings in industrials detracted from absolute performance driven by Roper Technologies, Inc.

**Energy** \| The energy sector also weighted on performance for the annual period driven by Vistra Corp.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289848.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Science & Technology Trust (Series I/JESTX) | 23.58% | 12.97% | 19.79% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P North American Technology Sector Index | 27.82% | 18.02% | 22.54% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1199946226 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;103 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$9761433 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;230% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.2% |
| Microsoft Corp. | 8.7% |
| Broadcom, Inc. | 8.6% |
| Apple, Inc. | 8.4% |
| Meta Platforms, Inc., Class A | 5.3% |
| Alphabet, Inc., Class A | 4.5% |
| Alphabet, Inc., Class C | 3.9% |
| Palantir Technologies, Inc., Class A | 2.5% |
| Salesforce, Inc. | 2.5% |
| Lam Research Corp. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 84.9% |
| Communication services | 13.8% |
| Consumer discretionary | 0.3% |
| Industrials | 0.2% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SCIT-A-I

12/25

2/26

Science & Technology Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Science & Technology Trust
Series II/JAFUX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Science & Technology Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Science & Technology Trust<br>(Series II/JAFUX) | $132 | 1.18% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Science & Technology Trust (Series II/JAFUX) returned 23.29% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Semiconductors** \| The semiconductors industry contributed to absolute performance driven by Broadcom, Inc.

**Internet** \| The internet industry contributed to absolute performance driven by Alphabet, Inc.

**Hardware** \| The hardware industry also contributed for the annual period driven by Apple, Inc.

#### TOP PERFORMANCE DETRACTORS
**IT services** \| IT services detracted from absolute performance driven by Accenture PLC.

**Industrials** \| Holdings in industrials detracted from absolute performance driven by Roper Technologies, Inc.

**Energy** \| The energy sector also weighted on performance for the annual period driven by Vistra Corp.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289817.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Science & Technology Trust (Series II/JAFUX) | 23.29% | 12.74% | 19.54% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P North American Technology Sector Index | 27.82% | 18.02% | 22.54% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1199946226 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;103 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$9761433 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;230% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.2% |
| Microsoft Corp. | 8.7% |
| Broadcom, Inc. | 8.6% |
| Apple, Inc. | 8.4% |
| Meta Platforms, Inc., Class A | 5.3% |
| Alphabet, Inc., Class A | 4.5% |
| Alphabet, Inc., Class C | 3.9% |
| Palantir Technologies, Inc., Class A | 2.5% |
| Salesforce, Inc. | 2.5% |
| Lam Research Corp. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 84.9% |
| Communication services | 13.8% |
| Consumer discretionary | 0.3% |
| Industrials | 0.2% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SCIT-A-II

12/25

2/26

Science & Technology Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Science & Technology Trust
Series NAV/JAFSX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Science & Technology Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Science & Technology Trust<br>(Series NAV/JAFSX) | $104 | 0.93% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Science & Technology Trust (Series NAV/JAFSX) returned 23.64% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, and investors favored artificial intelligence-related businesses and other high-growth companies. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Semiconductors** \| The semiconductors industry contributed to absolute performance driven by Broadcom, Inc.

**Internet** \| The internet industry contributed to absolute performance driven by Alphabet, Inc.

**Hardware** \| The hardware industry also contributed for the annual period driven by Apple, Inc.

#### TOP PERFORMANCE DETRACTORS
**IT services** \| IT services detracted from absolute performance driven by Accenture PLC.

**Industrials** \| Holdings in industrials detracted from absolute performance driven by Roper Technologies, Inc.

**Energy** \| The energy sector also weighted on performance for the annual period driven by Vistra Corp.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289808.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Science & Technology Trust (Series NAV/JAFSX) | 23.64% | 13.03% | 19.84% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P North American Technology Sector Index | 27.82% | 18.02% | 22.54% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1199946226 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;103 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$9761433 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;230% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.2% |
| Microsoft Corp. | 8.7% |
| Broadcom, Inc. | 8.6% |
| Apple, Inc. | 8.4% |
| Meta Platforms, Inc., Class A | 5.3% |
| Alphabet, Inc., Class A | 4.5% |
| Alphabet, Inc., Class C | 3.9% |
| Palantir Technologies, Inc., Class A | 2.5% |
| Salesforce, Inc. | 2.5% |
| Lam Research Corp. | 2.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 84.9% |
| Communication services | 13.8% |
| Consumer discretionary | 0.3% |
| Industrials | 0.2% |
| Short-term investments and other | 0.8% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SCIT-A-NAV

12/25

2/26

Science & Technology Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Core Trust
Series I/JESVX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Core Trust, formerly Small Cap Value Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Core Trust<br>(Series I/JESVX) | $101 | 1.01% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Core Trust (Series I/JESVX) returned 0.06% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading contributing sector to absolute performance with its holdings in Advanced Energy Industries, Inc. and MACOM Technology Solutions Holdings, Inc.

**Industrials** \| The industrials sector also performed well with positions in MasTec, Inc., Atmus Filtration Technologies, Inc. and Regal Rexnord Corp.

**Health care** \| The fund's allocation to the health care sector also added to performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from performance on an absolute basis. Oxford Industries, Inc., Steven Madden, Ltd., and Sonos, Inc. were leading detractors.

**Other sectors** \| Holdings in materials, consumer staples and financials also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288659.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Core Trust (Series I/JESVX) | 0.06% | 6.48% | 6.05% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$292775384 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;75 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2835364 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;147% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SouthState Bank Corp. | 2.1% |
| Cullen/Frost Bankers, Inc. | 2.0% |
| The Timken Company | 2.0% |
| Banner Corp. | 1.9% |
| Braze, Inc., Class A | 1.9% |
| Kulicke & Soffa Industries, Inc. | 1.9% |
| Evercore, Inc., Class A | 1.9% |
| Arcosa, Inc. | 1.9% |
| Q2 Holdings, Inc. | 1.8% |
| Alkami Technology, Inc. | 1.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 24.1% |
| Industrials | 20.3% |
| Health care | 14.6% |
| Financials | 13.2% |
| Consumer discretionary | 13.1% |
| Real estate | 3.2% |
| Energy | 2.7% |
| Consumer staples | 2.4% |
| Communication services | 1.6% |
| Materials | 1.5% |
| Utilities | 1.0% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 10-11, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective April 26, 2025 (the Effective Date), Wellington Management Company LLP was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective April 26, 2025 whereby the annual rate is as follows: a) 0.870% of the first $300 million of aggregate net assets; b) 0.830% of the next $300 million of aggregate net assets; c) 0.815% of the next $300 million of aggregate net assets; and d) 0.800% of the excess over $900 million of aggregate net assets.

Prior to the Effective Date, Small Cap Core Trust was known as Small Cap Value Trust.

In connection with the Board actions described above, the principal investment strategies of the fund were revised effective on the Effective Date. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's emphasis on a bottom-up approach to individual stock selection that focuses on companies with durable, niche business models that have the potential to allow them to earn high returns on capital and that are trading at a significant discount to the subadvisor's estimate of fair value. The manager then conducts in-depth fundamental research of individual companies to locate companies that have particular attributes such as cash flow and earnings growth visibility, manageable risks, including business risk and financial risk, and above-average return on capital.

Additionally, on the Effective Date, the following risks were added to the fund's "Principal risks" in the "Fund summary" section of the Prospectus for the fund: Credit and counterparty risk; Hedging, derivatives, and other strategic transactions risk; Preferred stock risk; Repurchase agreements risk and Warrants risk. Financial services sector risk; Industrials sector risk and Value investment style risk were removed.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMVT-A-I

12/25

2/26

Small Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Core Trust
Series II/JAGZX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Core Trust, formerly Small Cap Value Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Core Trust<br>(Series II/JAGZX) | $121 | 1.21% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Core Trust (Series II/JAGZX) declined 0.12% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading contributing sector to absolute performance with its holdings in Advanced Energy Industries, Inc. and MACOM Technology Solutions Holdings, Inc.

**Industrials** \| The industrials sector also performed well with positions in MasTec, Inc., Atmus Filtration Technologies, Inc. and Regal Rexnord Corp.

**Health care** \| The fund's allocation to the health care sector also added to performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from performance on an absolute basis. Oxford Industries, Inc., Steven Madden, Ltd., and Sonos, Inc. were leading detractors.

**Other sectors** \| Holdings in materials, consumer staples and financials also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288640.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Core Trust (Series II/JAGZX) | (0.12)% | 6.28% | 5.84% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$292775384 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;75 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2835364 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;147% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SouthState Bank Corp. | 2.1% |
| Cullen/Frost Bankers, Inc. | 2.0% |
| The Timken Company | 2.0% |
| Banner Corp. | 1.9% |
| Braze, Inc., Class A | 1.9% |
| Kulicke & Soffa Industries, Inc. | 1.9% |
| Evercore, Inc., Class A | 1.9% |
| Arcosa, Inc. | 1.9% |
| Q2 Holdings, Inc. | 1.8% |
| Alkami Technology, Inc. | 1.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 24.1% |
| Industrials | 20.3% |
| Health care | 14.6% |
| Financials | 13.2% |
| Consumer discretionary | 13.1% |
| Real estate | 3.2% |
| Energy | 2.7% |
| Consumer staples | 2.4% |
| Communication services | 1.6% |
| Materials | 1.5% |
| Utilities | 1.0% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 10-11, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective April 26, 2025 (the Effective Date), Wellington Management Company LLP was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective April 26, 2025 whereby the annual rate is as follows: a) 0.870% of the first $300 million of aggregate net assets; b) 0.830% of the next $300 million of aggregate net assets; c) 0.815% of the next $300 million of aggregate net assets; and d) 0.800% of the excess over $900 million of aggregate net assets.

Prior to the Effective Date, Small Cap Core Trust was known as Small Cap Value Trust.

In connection with the Board actions described above, the principal investment strategies of the fund were revised effective on the Effective Date. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's emphasis on a bottom-up approach to individual stock selection that focuses on companies with durable, niche business models that have the potential to allow them to earn high returns on capital and that are trading at a significant discount to the subadvisor's estimate of fair value. The manager then conducts in-depth fundamental research of individual companies to locate companies that have particular attributes such as cash flow and earnings growth visibility, manageable risks, including business risk and financial risk, and above-average return on capital.

Additionally, on the Effective Date, the following risks were added to the fund's "Principal risks" in the "Fund summary" section of the Prospectus for the fund: Credit and counterparty risk; Hedging, derivatives, and other strategic transactions risk; Preferred stock risk; Repurchase agreements risk and Warrants risk. Financial services sector risk; Industrials sector risk and Value investment style risk were removed.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMVT-A-II

12/25

2/26 Small Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Core Trust
Series NAV/JAHBX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Core Trust, formerly Small Cap Value Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Core Trust<br>(Series NAV/JAHBX) | $96 | 0.96% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Core Trust (Series NAV/JAHBX) returned 0.11% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading contributing sector to absolute performance with its holdings in Advanced Energy Industries, Inc. and MACOM Technology Solutions Holdings, Inc.

**Industrials** \| The industrials sector also performed well with positions in MasTec, Inc., Atmus Filtration Technologies, Inc. and Regal Rexnord Corp.

**Health care** \| The fund's allocation to the health care sector also added to performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer discretionary** \| The consumer discretionary sector detracted the most from performance on an absolute basis. Oxford Industries, Inc., Steven Madden, Ltd., and Sonos, Inc. were leading detractors.

**Other sectors** \| Holdings in materials, consumer staples and financials also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288619.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Core Trust (Series NAV/JAHBX) | 0.11% | 6.53% | 6.10% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$292775384 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;75 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2835364 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;147% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SouthState Bank Corp. | 2.1% |
| Cullen/Frost Bankers, Inc. | 2.0% |
| The Timken Company | 2.0% |
| Banner Corp. | 1.9% |
| Braze, Inc., Class A | 1.9% |
| Kulicke & Soffa Industries, Inc. | 1.9% |
| Evercore, Inc., Class A | 1.9% |
| Arcosa, Inc. | 1.9% |
| Q2 Holdings, Inc. | 1.8% |
| Alkami Technology, Inc. | 1.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 24.1% |
| Industrials | 20.3% |
| Health care | 14.6% |
| Financials | 13.2% |
| Consumer discretionary | 13.1% |
| Real estate | 3.2% |
| Energy | 2.7% |
| Consumer staples | 2.4% |
| Communication services | 1.6% |
| Materials | 1.5% |
| Utilities | 1.0% |
| Short-term investments and other | 2.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on December 10-11, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective April 26, 2025 (the Effective Date), Wellington Management Company LLP was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective April 26, 2025 whereby the annual rate is as follows: a) 0.870% of the first $300 million of aggregate net assets; b) 0.830% of the next $300 million of aggregate net assets; c) 0.815% of the next $300 million of aggregate net assets; and d) 0.800% of the excess over $900 million of aggregate net assets.

Prior to the Effective Date, Small Cap Core Trust was known as Small Cap Value Trust.

In connection with the Board actions described above, the principal investment strategies of the fund were revised effective on the Effective Date. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's emphasis on a bottom-up approach to individual stock selection that focuses on companies with durable, niche business models that have the potential to allow them to earn high returns on capital and that are trading at a significant discount to the subadvisor's estimate of fair value. The manager then conducts in-depth fundamental research of individual companies to locate companies that have particular attributes such as cash flow and earnings growth visibility, manageable risks, including business risk and financial risk, and above-average return on capital.

Additionally, on the Effective Date, the following risks were added to the fund's "Principal risks" in the "Fund summary" section of the Prospectus for the fund: Credit and counterparty risk; Hedging, derivatives, and other strategic transactions risk; Preferred stock risk; Repurchase agreements risk and Warrants risk. Financial services sector risk; Industrials sector risk and Value investment style risk were removed.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMVT-A-NAV

12/25

2/26

Small Cap Core Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Index Trust
Series I/JESIX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Index Trust<br>(Series I/JESIX) | $56 | 0.53% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Index Trust (Series I/JESIX) returned 12.25% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Health care** \| Health care was the leading contributing sector to absolute performance with its holdings in Guardant Health, Inc., BridgeBio Pharma, Inc., and Insmed, Inc.

**Industrials** \| The industrials sector also performed well with positions in Bloom Energy Corp., Kratos Defense & Security Solutions, Inc., and Nextpower, Inc.

**Other contributors** \| The financials, information technology, and materials sectors were also contributors to performance.

#### TOP PERFORMANCE DETRACTORS
**Energy** \| The energy sector was one of two sectors which detracted from absolute performance.

**Consumer staples** \| Holdings in consumer staples also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290645.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Index Trust (Series I/JESIX) | 12.25% | 5.66% | 9.18% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$553016470 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1829 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2213642 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Credo Technology Group Holding, Ltd. | 0.7% |
| Bloom Energy Corp., Class A | 0.6% |
| Fabrinet | 0.5% |
| IonQ, Inc. | 0.5% |
| EchoStar Corp., Class A | 0.5% |
| Nextpower, Inc., Class A | 0.4% |
| Kratos Defense & Security Solutions, Inc. | 0.4% |
| Guardant Health, Inc. | 0.4% |
| Hecla Mining Company | 0.4% |
| BridgeBio Pharma, Inc. | 0.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 18.1% |
| Financials | 17.1% |
| Industrials | 16.7% |
| Information technology | 14.2% |
| Consumer discretionary | 8.6% |
| Real estate | 5.5% |
| Energy | 4.6% |
| Materials | 4.3% |
| Utilities | 2.9% |
| Communication services | 2.7% |
| Consumer staples | 1.8% |
| Short-term investments and other | 3.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCI-A-I

12/25

2/26

Small Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Index Trust
Series II/JAJOX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Index Trust<br>(Series II/JAJOX) | $77 | 0.73% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Index Trust (Series II/JAJOX) returned 12.12% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Health care** \| Health care was the leading contributing sector to absolute performance with its holdings in Guardant Health, Inc., BridgeBio Pharma, Inc., and Insmed, Inc.

**Industrials** \| The industrials sector also performed well with positions in Bloom Energy Corp., Kratos Defense & Security Solutions, Inc., and Nextpower, Inc.

**Other contributors** \| The financials, information technology, and materials sectors were also contributors to performance.

#### TOP PERFORMANCE DETRACTORS
**Energy** \| The energy sector was one of two sectors which detracted from absolute performance.

**Consumer staples** \| Holdings in consumer staples also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290626.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Index Trust (Series II/JAJOX) | 12.12% | 5.45% | 8.97% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$553016470 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1829 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2213642 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Credo Technology Group Holding, Ltd. | 0.7% |
| Bloom Energy Corp., Class A | 0.6% |
| Fabrinet | 0.5% |
| IonQ, Inc. | 0.5% |
| EchoStar Corp., Class A | 0.5% |
| Nextpower, Inc., Class A | 0.4% |
| Kratos Defense & Security Solutions, Inc. | 0.4% |
| Guardant Health, Inc. | 0.4% |
| Hecla Mining Company | 0.4% |
| BridgeBio Pharma, Inc. | 0.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 18.1% |
| Financials | 17.1% |
| Industrials | 16.7% |
| Information technology | 14.2% |
| Consumer discretionary | 8.6% |
| Real estate | 5.5% |
| Energy | 4.6% |
| Materials | 4.3% |
| Utilities | 2.9% |
| Communication services | 2.7% |
| Consumer staples | 1.8% |
| Short-term investments and other | 3.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCI-A-II

12/25

2/26

Small Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Index Trust
Series NAV/JAEWX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Index Trust<br>(Series NAV/JAEWX) | $51 | 0.48% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Index Trust (Series NAV/JAEWX) returned 12.42% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Health care** \| Health care was the leading contributing sector to absolute performance with its holdings in Guardant Health, Inc., BridgeBio Pharma, Inc., and Insmed, Inc.

**Industrials** \| The industrials sector also performed well with positions in Bloom Energy Corp., Kratos Defense & Security Solutions, Inc., and Nextpower, Inc.

**Other contributors** \| The financials, information technology, and materials sectors were also contributors to performance.

#### TOP PERFORMANCE DETRACTORS
**Energy** \| The energy sector was one of two sectors which detracted from absolute performance.

**Consumer staples** \| Holdings in consumer staples also detracted from fund performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290605.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Index Trust (Series NAV/JAEWX) | 12.42% | 5.72% | 9.24% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$553016470 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1829 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2213642 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;12% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Credo Technology Group Holding, Ltd. | 0.7% |
| Bloom Energy Corp., Class A | 0.6% |
| Fabrinet | 0.5% |
| IonQ, Inc. | 0.5% |
| EchoStar Corp., Class A | 0.5% |
| Nextpower, Inc., Class A | 0.4% |
| Kratos Defense & Security Solutions, Inc. | 0.4% |
| Guardant Health, Inc. | 0.4% |
| Hecla Mining Company | 0.4% |
| BridgeBio Pharma, Inc. | 0.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 18.1% |
| Financials | 17.1% |
| Industrials | 16.7% |
| Information technology | 14.2% |
| Consumer discretionary | 8.6% |
| Real estate | 5.5% |
| Energy | 4.6% |
| Materials | 4.3% |
| Utilities | 2.9% |
| Communication services | 2.7% |
| Consumer staples | 1.8% |
| Short-term investments and other | 3.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCI-A-NAV

12/25

2/26 Small Cap Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Opportunities Trust
Series I/JADLX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Opportunities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Opportunities Trust<br>(Series I/JADLX) | $97 | 0.93% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Opportunities Trust (Series I/JADLX) returned 9.18% for the year ended December 31, 2025. U.S. stocks delivered strong returns in 2025 for the year. While 2025 saw a weakening job market, overall growth was resilient, and markets reacted positively to the Federal Reserve making three interest rate cuts during the later part of the year. Much of these gains were fueled by enthusiasm for artificial intelligence (AI) as key AI related stocks delivered strong returns.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's focus on U.S. small cap value stocks contributed to absolute performance.

**Financials** \| The financials sector had strong returns and contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector was the weakest performing sector and detracted from absolute performance.

**Consumer discretionary** \| While consumer discretionary helped performance overall, specific holdings such as Newell Brands, Inc. and PVH Corp. within this sector detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and GW&K Investment Management, LLC and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291090.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Opportunities Trust (Series I/JADLX) | 9.18% | 10.54% | 10.04% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$180484054 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1210736 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;55% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Alcoa Corp. | 0.7% |
| TD SYNNEX Corp. | 0.6% |
| Toll Brothers, Inc. | 0.6% |
| Ally Financial, Inc. | 0.6% |
| Viatris, Inc. | 0.6% |
| Ball Corp. | 0.6% |
| WESCO International, Inc. | 0.6% |
| Invesco, Ltd. | 0.6% |
| Comerica, Inc. | 0.5% |
| First Horizon Corp. | 0.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 29.5% |
| Industrials | 16.1% |
| Consumer discretionary | 13.9% |
| Energy | 8.9% |
| Health care | 7.5% |
| Materials | 7.3% |
| Information technology | 6.6% |
| Consumer staples | 5.7% |
| Communication services | 2.7% |
| Real estate | 1.0% |
| Utilities | 0.5% |
| Short-term investments and other | 0.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, GW&K Investment Management ("GW&K") was removed as subadvisor to the fund. Dimensional Fund Advisers LP continues to subadvise the fund as the sole subadvisor.

At the same meeting, the Board approved a change in the fund's management fee schedule effective May 28, 2025 whereby the annual rate is as follows: 0.720% of aggregate net assets.

In addition, as of May 28, 2025, the "Principal investment strategies" in the "Fund Summary" section are revised to remove references to GW&K's investment strategies.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-I

12/25

2/26

Small Cap Opportunities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Opportunities Trust
Series II/JADPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Opportunities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Opportunities Trust<br>(Series II/JADPX) | $118 | 1.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Opportunities Trust (Series II/JADPX) returned 8.94% for the year ended December 31, 2025. U.S. stocks delivered strong returns in 2025 for the year. While 2025 saw a weakening job market, overall growth was resilient, and markets reacted positively to the Federal Reserve making three interest rate cuts during the later part of the year. Much of these gains were fueled by enthusiasm for artificial intelligence (AI) as key AI related stocks delivered strong returns.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's focus on U.S. small cap value stocks contributed to absolute performance.

**Financials** \| The financials sector had strong returns and contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector was the weakest performing sector and detracted from absolute performance.

**Consumer discretionary** \| While consumer discretionary helped performance overall, specific holdings such as Newell Brands, Inc. and PVH Corp. within this sector detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and GW&K Investment Management, LLC and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291059.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Opportunities Trust (Series II/JADPX) | 8.94% | 10.32% | 9.82% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$180484054 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1210736 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;55% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Alcoa Corp. | 0.7% |
| TD SYNNEX Corp. | 0.6% |
| Toll Brothers, Inc. | 0.6% |
| Ally Financial, Inc. | 0.6% |
| Viatris, Inc. | 0.6% |
| Ball Corp. | 0.6% |
| WESCO International, Inc. | 0.6% |
| Invesco, Ltd. | 0.6% |
| Comerica, Inc. | 0.5% |
| First Horizon Corp. | 0.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 29.5% |
| Industrials | 16.1% |
| Consumer discretionary | 13.9% |
| Energy | 8.9% |
| Health care | 7.5% |
| Materials | 7.3% |
| Information technology | 6.6% |
| Consumer staples | 5.7% |
| Communication services | 2.7% |
| Real estate | 1.0% |
| Utilities | 0.5% |
| Short-term investments and other | 0.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, GW&K Investment Management ("GW&K") was removed as subadvisor to the fund. Dimensional Fund Advisers LP continues to subadvise the fund as the sole subadvisor.

At the same meeting, the Board approved a change in the fund's management fee schedule effective May 28, 2025 whereby the annual rate is as follows: 0.720% of aggregate net assets.

In addition, as of May 28, 2025, the "Principal investment strategies" in the "Fund Summary" section are revised to remove references to GW&K's investment strategies.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-II

12/25

2/26

Small Cap Opportunities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Opportunities Trust
Series NAV/JADMX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Opportunities Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Opportunities Trust<br>(Series NAV/JADMX) | $92 | 0.88% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Opportunities Trust (Series NAV/JADMX) returned 9.22% for the year ended December 31, 2025. U.S. stocks delivered strong returns in 2025 for the year. While 2025 saw a weakening job market, overall growth was resilient, and markets reacted positively to the Federal Reserve making three interest rate cuts during the later part of the year. Much of these gains were fueled by enthusiasm for artificial intelligence (AI) as key AI related stocks delivered strong returns.

#### TOP PERFORMANCE CONTRIBUTORS
**Portfolio allocation** \| The portfolio's focus on U.S. small cap value stocks contributed to absolute performance.

**Financials** \| The financials sector had strong returns and contributed to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| The consumer staples sector was the weakest performing sector and detracted from absolute performance.

**Consumer discretionary** \| While consumer discretionary helped performance overall, specific holdings such as Newell Brands, Inc. and PVH Corp. within this sector detracted from absolute performance.

The views expressed in this report are those of the portfolio management team and GW&K Investment Management, LLC and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6291050.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Opportunities Trust (Series NAV/JADMX) | 9.22% | 10.59% | 10.09% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Index | 12.81% | 6.09% | 9.62% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$180484054 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1210736 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;55% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Alcoa Corp. | 0.7% |
| TD SYNNEX Corp. | 0.6% |
| Toll Brothers, Inc. | 0.6% |
| Ally Financial, Inc. | 0.6% |
| Viatris, Inc. | 0.6% |
| Ball Corp. | 0.6% |
| WESCO International, Inc. | 0.6% |
| Invesco, Ltd. | 0.6% |
| Comerica, Inc. | 0.5% |
| First Horizon Corp. | 0.5% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 29.5% |
| Industrials | 16.1% |
| Consumer discretionary | 13.9% |
| Energy | 8.9% |
| Health care | 7.5% |
| Materials | 7.3% |
| Information technology | 6.6% |
| Consumer staples | 5.7% |
| Communication services | 2.7% |
| Real estate | 1.0% |
| Utilities | 0.5% |
| Short-term investments and other | 0.3% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, GW&K Investment Management ("GW&K") was removed as subadvisor to the fund. Dimensional Fund Advisers LP continues to subadvise the fund as the sole subadvisor.

At the same meeting, the Board approved a change in the fund's management fee schedule effective May 28, 2025 whereby the annual rate is as follows: 0.720% of aggregate net assets.

In addition, as of May 28, 2025, the "Principal investment strategies" in the "Fund Summary" section are revised to remove references to GW&K's investment strategies.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-NAV

12/25

2/26

Small Cap Opportunities Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Stock Trust
Series I/JESGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Stock Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Stock Trust<br>(Series I/JESGX) | $120 | 1.13% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Stock Trust (Series I/JESGX) returned 12.66% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations and later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Sector contributors** \| The health care and industrials sectors contributed the most to the fund's absolute performance.

**Contributing positions** \| Positions in Hims & Hers Health, Inc. and Insmed, Inc. contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector detractors** \| The communication services and materials sectors detracted the most from the fund's absolute performance.

**Holdings detractors** \| Positions in PROCEPT BioRobotics Corp. and BellRing Brands, Inc. were the top detractors from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288842.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Stock Trust (Series I/JESGX) | 12.66% | 0.36% | 10.07% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Growth Index | 13.01% | 3.18% | 9.57% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$264922725 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2653803 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;71% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SiTime Corp. | 2.9% |
| Zurn Elkay Water Solutions Corp. | 2.2% |
| Verra Mobility Corp. | 2.2% |
| American Healthcare REIT, Inc. | 2.0% |
| Nextpower, Inc., Class A | 1.9% |
| Alignment Healthcare, Inc. | 1.8% |
| The Vita Coco Company, Inc. | 1.8% |
| Acuity, Inc. | 1.8% |
| SiriusPoint, Ltd. | 1.8% |
| REVOLUTION Medicines, Inc. | 1.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 29.2% |
| Industrials | 23.1% |
| Information technology | 19.0% |
| Consumer discretionary | 8.7% |
| Financials | 8.5% |
| Real estate | 3.4% |
| Materials | 2.2% |
| Consumer staples | 2.1% |
| Energy | 1.7% |
| Communication services | 1.1% |
| Short-term investments and other | 1.0% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCS-A-I

12/25

2/26

Small Cap Stock Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Stock Trust
Series II/JAGQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Stock Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Stock Trust<br>(Series II/JAGQX) | $141 | 1.33% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Stock Trust (Series II/JAGQX) returned 12.50% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations and later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Sector contributors** \| The health care and industrials sectors contributed the most to the fund's absolute performance.

**Contributing positions** \| Positions in Hims & Hers Health, Inc. and Insmed, Inc. contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector detractors** \| The communication services and materials sectors detracted the most from the fund's absolute performance.

**Holdings detractors** \| Positions in PROCEPT BioRobotics Corp. and BellRing Brands, Inc. were the top detractors from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288811.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Stock Trust (Series II/JAGQX) | 12.50% | 0.16% | 9.86% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Growth Index | 13.01% | 3.18% | 9.57% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$264922725 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2653803 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;71% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SiTime Corp. | 2.9% |
| Zurn Elkay Water Solutions Corp. | 2.2% |
| Verra Mobility Corp. | 2.2% |
| American Healthcare REIT, Inc. | 2.0% |
| Nextpower, Inc., Class A | 1.9% |
| Alignment Healthcare, Inc. | 1.8% |
| The Vita Coco Company, Inc. | 1.8% |
| Acuity, Inc. | 1.8% |
| SiriusPoint, Ltd. | 1.8% |
| REVOLUTION Medicines, Inc. | 1.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 29.2% |
| Industrials | 23.1% |
| Information technology | 19.0% |
| Consumer discretionary | 8.7% |
| Financials | 8.5% |
| Real estate | 3.4% |
| Materials | 2.2% |
| Consumer staples | 2.1% |
| Energy | 1.7% |
| Communication services | 1.1% |
| Short-term investments and other | 1.0% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCS-A-II

12/25

2/26

Small Cap Stock Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Cap Stock Trust
Series NAV/JAGPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Cap Stock Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Cap Stock Trust<br>(Series NAV/JAGPX) | $115 | 1.08% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Cap Stock Trust (Series NAV/JAGPX) returned 12.70% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations and later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Sector contributors** \| The health care and industrials sectors contributed the most to the fund's absolute performance.

**Contributing positions** \| Positions in Hims & Hers Health, Inc. and Insmed, Inc. contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Sector detractors** \| The communication services and materials sectors detracted the most from the fund's absolute performance.

**Holdings detractors** \| Positions in PROCEPT BioRobotics Corp. and BellRing Brands, Inc. were the top detractors from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6288802.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Cap Stock Trust (Series NAV/JAGPX) | 12.70% | 0.39% | 10.12% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Growth Index | 13.01% | 3.18% | 9.57% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$264922725 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$2653803 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;71% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| SiTime Corp. | 2.9% |
| Zurn Elkay Water Solutions Corp. | 2.2% |
| Verra Mobility Corp. | 2.2% |
| American Healthcare REIT, Inc. | 2.0% |
| Nextpower, Inc., Class A | 1.9% |
| Alignment Healthcare, Inc. | 1.8% |
| The Vita Coco Company, Inc. | 1.8% |
| Acuity, Inc. | 1.8% |
| SiriusPoint, Ltd. | 1.8% |
| REVOLUTION Medicines, Inc. | 1.7% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Health care | 29.2% |
| Industrials | 23.1% |
| Information technology | 19.0% |
| Consumer discretionary | 8.7% |
| Financials | 8.5% |
| Real estate | 3.4% |
| Materials | 2.2% |
| Consumer staples | 2.1% |
| Energy | 1.7% |
| Communication services | 1.1% |
| Short-term investments and other | 1.0% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCS-A-NAV

12/25

2/26 Small Cap Stock Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Company Value Trust
Series I/JAEPX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Company Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Company Value Trust<br>(Series I/JAEPX) | $118 | 1.14% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Company Value Trust (Series I/JAEPX) returned 7.12% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation that should provide some fiscal stimulus to the economy. In addition, the U.S. Federal Reserve resumed reducing short-term interest rates despite continued elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed in absolute terms, supported by strong gains from Nextpower, Inc.

**Financials** \| Financials contributed in absolute terms, driven by PennyMac Financial Services, Inc.

**Information technology** \| The information technology sector also added value, notably our holding in Viavi Solutions, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| Consumer staples detracted from absolute performance, due to negative performance by BellRing Brands, Inc. and Grocery Outlet Holding Corp.

**Real estate** \| The real estate sector also weighed on performance. Apple Hospitality REIT, Inc. was a notable detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290828.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Company Value Trust (Series I/JAEPX) | 7.12% | 5.96% | 8.93% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$127876132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;200 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1202580 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;40% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Columbia Banking System, Inc. | 1.8% |
| Pinnacle Financial Partners, Inc. | 1.7% |
| PennyMac Financial Services, Inc. | 1.6% |
| Curbline Properties Corp. | 1.3% |
| CareTrust REIT, Inc. | 1.2% |
| Western Alliance Bancorp | 1.1% |
| Cytokinetics, Inc. | 1.1% |
| FB Financial Corp. | 1.1% |
| Texas Capital Bancshares, Inc. | 1.0% |
| Independence Realty Trust, Inc. | 1.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 26.4% |
| Industrials | 12.8% |
| Health care | 10.6% |
| Consumer discretionary | 10.1% |
| Information technology | 9.2% |
| Real estate | 8.9% |
| Energy | 6.9% |
| Utilities | 5.4% |
| Materials | 4.7% |
| Communication services | 2.0% |
| Consumer staples | 1.5% |
| Short-term investments and other | 1.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-I

12/25

2/26 Small Company Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Company Value Trust
Series II/JAERX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Company Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Company Value Trust<br>(Series II/JAERX) | $139 | 1.34% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Company Value Trust (Series II/JAERX) returned 7.00% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation that should provide some fiscal stimulus to the economy. In addition, the U.S. Federal Reserve resumed reducing short-term interest rates despite continued elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed in absolute terms, supported by strong gains from Nextpower, Inc.

**Financials** \| Financials contributed in absolute terms, driven by PennyMac Financial Services, Inc.

**Information technology** \| The information technology sector also added value, notably our holding in Viavi Solutions, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| Consumer staples detracted from absolute performance, due to negative performance by BellRing Brands, Inc. and Grocery Outlet Holding Corp.

**Real estate** \| The real estate sector also weighed on performance. Apple Hospitality REIT, Inc. was a notable detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290797.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Company Value Trust (Series II/JAERX) | 7.00% | 5.77% | 8.72% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$127876132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;200 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1202580 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;40% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Columbia Banking System, Inc. | 1.8% |
| Pinnacle Financial Partners, Inc. | 1.7% |
| PennyMac Financial Services, Inc. | 1.6% |
| Curbline Properties Corp. | 1.3% |
| CareTrust REIT, Inc. | 1.2% |
| Western Alliance Bancorp | 1.1% |
| Cytokinetics, Inc. | 1.1% |
| FB Financial Corp. | 1.1% |
| Texas Capital Bancshares, Inc. | 1.0% |
| Independence Realty Trust, Inc. | 1.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 26.4% |
| Industrials | 12.8% |
| Health care | 10.6% |
| Consumer discretionary | 10.1% |
| Information technology | 9.2% |
| Real estate | 8.9% |
| Energy | 6.9% |
| Utilities | 5.4% |
| Materials | 4.7% |
| Communication services | 2.0% |
| Consumer staples | 1.5% |
| Short-term investments and other | 1.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-II

12/25

2/26

Small Company Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Small Company Value Trust
Series NAV/JAEQX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Small Company Value Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Small Company Value Trust<br>(Series NAV/JAEQX) | $113 | 1.09% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Small Company Value Trust (Series NAV/JAEQX) returned 7.11% for the year ended December 31, 2025. Major U.S. stock market indexes rose in 2025. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation that should provide some fiscal stimulus to the economy. In addition, the U.S. Federal Reserve resumed reducing short-term interest rates despite continued elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Industrials** \| The industrials sector contributed in absolute terms, supported by strong gains from Nextpower, Inc.

**Financials** \| Financials contributed in absolute terms, driven by PennyMac Financial Services, Inc.

**Information technology** \| The information technology sector also added value, notably our holding in Viavi Solutions, Inc.

#### TOP PERFORMANCE DETRACTORS
**Consumer staples** \| Consumer staples detracted from absolute performance, due to negative performance by BellRing Brands, Inc. and Grocery Outlet Holding Corp.

**Real estate** \| The real estate sector also weighed on performance. Apple Hospitality REIT, Inc. was a notable detractor.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290788.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Small Company Value Trust (Series NAV/JAEQX) | 7.11% | 6.02% | 8.98% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$127876132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;200 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$1202580 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;40% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| Columbia Banking System, Inc. | 1.8% |
| Pinnacle Financial Partners, Inc. | 1.7% |
| PennyMac Financial Services, Inc. | 1.6% |
| Curbline Properties Corp. | 1.3% |
| CareTrust REIT, Inc. | 1.2% |
| Western Alliance Bancorp | 1.1% |
| Cytokinetics, Inc. | 1.1% |
| FB Financial Corp. | 1.1% |
| Texas Capital Bancshares, Inc. | 1.0% |
| Independence Realty Trust, Inc. | 1.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Financials | 26.4% |
| Industrials | 12.8% |
| Health care | 10.6% |
| Consumer discretionary | 10.1% |
| Information technology | 9.2% |
| Real estate | 8.9% |
| Energy | 6.9% |
| Utilities | 5.4% |
| Materials | 4.7% |
| Communication services | 2.0% |
| Consumer staples | 1.5% |
| Short-term investments and other | 1.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SMCO-A-NAV

12/25

2/26

Small Company Value Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Strategic Equity Allocation Trust
Series NAV/JAFVX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Strategic Equity Allocation Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Strategic Equity Allocation Trust<br>(Series NAV/JAFVX) | $60 | 0.54% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Strategic Equity Allocation Trust (Series NAV/JAFVX) returned 20.70% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| The information technology sector was the largest positive contributor to absolute fund performance which was led by holdings in NVIDIA Corp.

**Financials** \| The financials sector also contributed to performance by posting positive returns for the period driven by JPMorgan Chase & Co., Banco Santander SA, and HSBC Holdings PLC.

**Other contributors** \| The industrials, communication services and health care sectors were other contributing sectors to absolute performance.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

**Individual holdings** \| Novo Nordisk A/S and UnitedHealth Group Inc. detracted the most from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6289768.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Strategic Equity Allocation Trust (Series NAV/JAFVX) | 20.70% | 11.34% | 11.67% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| 30%% MSCI EAFE Index/ 70% Russell 3000 Index | 21.35% | 11.97% | 12.51% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$6942837630 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;3343 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$33913062 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;5% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.0% |
| Apple, Inc. | 3.5% |
| Microsoft Corp. | 3.2% |
| Amazon.com, Inc. | 2.0% |
| Alphabet, Inc., Class A | 1.6% |
| Broadcom, Inc. | 1.4% |
| Alphabet, Inc., Class C | 1.3% |
| Meta Platforms, Inc., Class A | 1.3% |
| Tesla, Inc. | 1.1% |
| Berkshire Hathaway, Inc., Class B | 0.8% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 22.1% |
| Financials | 17.3% |
| Industrials | 13.0% |
| Health care | 10.1% |
| Consumer discretionary | 9.8% |
| Communication services | 7.2% |
| Consumer staples | 5.3% |
| Materials | 3.4% |
| Energy | 3.0% |
| Utilities | 2.7% |
| Real estate | 2.2% |
| Short-term investments and other | 3.9% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SEAT-A-NAV

12/25

2/26

Strategic Equity Allocation Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Total Stock Market Index Trust
Series I/JETSX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Total Stock Market Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Total Stock Market Index Trust<br>(Series I/JETSX) | $53 | 0.49% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Total Stock Market Index Trust (Series I/JETSX) returned 16.63% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The communication services and financials sectors also added to absolute performance with holdings in Alphabet, Inc. and JPMorgan Chase & Co., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

**Individual holdings** \| The fund's holding in UnitedHealth Group Inc. detracted the most from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290473.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Total Stock Market Index Trust (Series I/JETSX) | 16.63% | 12.36% | 13.67% |
| Wilshire 5000 Total Market Full Cap Index | 17.15% | 12.80% | 14.17% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1135579708 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2898 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4159927 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;7% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 6.3% |
| Apple, Inc. | 5.6% |
| Microsoft Corp. | 5.0% |
| Amazon.com, Inc. | 3.4% |
| Alphabet, Inc., Class A | 2.5% |
| Alphabet, Inc., Class C | 2.4% |
| Broadcom, Inc. | 2.3% |
| Tesla, Inc. | 2.1% |
| Meta Platforms, Inc., Class A | 2.0% |
| Eli Lilly & Company | 1.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.5% |
| Financials | 13.7% |
| Consumer discretionary | 10.5% |
| Communication services | 9.8% |
| Health care | 9.8% |
| Industrials | 9.0% |
| Consumer staples | 4.9% |
| Energy | 2.8% |
| Materials | 2.2% |
| Real estate | 2.1% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

TOST-A-I

12/25

2/26 Total Stock Market Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Total Stock Market Index Trust
Series II/JAFFX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Total Stock Market Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Total Stock Market Index Trust<br>(Series II/JAFFX) | $75 | 0.69% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Total Stock Market Index Trust (Series II/JAFFX) returned 16.43% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The communication services and financials sectors also added to absolute performance with holdings in Alphabet, Inc. and JPMorgan Chase & Co., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

**Individual holdings** \| The fund's holding in UnitedHealth Group Inc. detracted the most from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290442.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Total Stock Market Index Trust (Series II/JAFFX) | 16.43% | 12.14% | 13.44% |
| Wilshire 5000 Total Market Full Cap Index | 17.15% | 12.80% | 14.17% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1135579708 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2898 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4159927 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;7% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 6.3% |
| Apple, Inc. | 5.6% |
| Microsoft Corp. | 5.0% |
| Amazon.com, Inc. | 3.4% |
| Alphabet, Inc., Class A | 2.5% |
| Alphabet, Inc., Class C | 2.4% |
| Broadcom, Inc. | 2.3% |
| Tesla, Inc. | 2.1% |
| Meta Platforms, Inc., Class A | 2.0% |
| Eli Lilly & Company | 1.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.5% |
| Financials | 13.7% |
| Consumer discretionary | 10.5% |
| Communication services | 9.8% |
| Health care | 9.8% |
| Industrials | 9.0% |
| Consumer staples | 4.9% |
| Energy | 2.8% |
| Materials | 2.2% |
| Real estate | 2.1% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

TOST-A-II

12/25

2/26

Total Stock Market Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust Total Stock Market Index Trust
Series NAV/JAFEX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the Total Stock Market Index Trust (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| Total Stock Market Index Trust<br>(Series NAV/JAFEX) | $48 | 0.44% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
Total Stock Market Index Trust (Series NAV/JAFEX) returned 16.68% for the year ended December 31, 2025. Major U.S. stock market indexes rose during the period. Global equities and emerging markets also posted strong gains. Equities struggled early in the year amid concerns that President Trump's tariffs on imports from major trading partners would lead to higher prices of goods sold in the U.S. and contribute to inflation pressures. After plunging at the beginning of April following President Trump's proposed tariffs, the market rallied after President Trump declared a 90-day pause on these tariffs for many countries and began negotiating trade deals. Equities continued rising for the remainder of the year, as the U.S. and China made efforts to improve their trade relationship, corporate earnings remained favorable, investors favored artificial intelligence-related businesses and other high-growth companies, and Congress passed tax legislation which was viewed by market participants as supportive of economic activity. In addition, the U.S. Federal Reserve resumed short-term interest rate cuts despite elevated inflation, lowering rates in September, October, and December.

#### TOP PERFORMANCE CONTRIBUTORS
**Information technology** \| Information technology was the leading sector contributing to absolute fund performance. NVIDIA Corp., Microsoft Corp., and Broadcom, Inc. were strong performers.

**Other contributors** \| The communication services and financials sectors also added to absolute performance with holdings in Alphabet, Inc. and JPMorgan Chase & Co., respectively.

#### TOP PERFORMANCE DETRACTORS
**No meaningful detractors** \| At a time where major U.S. stock markets were experiencing positive performance, there were no sectors that detracted from absolute performance.

**Individual holdings** \| The fund's holding in UnitedHealth Group Inc. detracted the most from performance on an absolute basis.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290433.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| Total Stock Market Index Trust (Series NAV/JAFEX) | 16.68% | 12.42% | 13.73% |
| Wilshire 5000 Total Market Full Cap Index | 17.15% | 12.80% | 14.17% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$1135579708 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;2898 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4159927 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;7% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 6.3% |
| Apple, Inc. | 5.6% |
| Microsoft Corp. | 5.0% |
| Amazon.com, Inc. | 3.4% |
| Alphabet, Inc., Class A | 2.5% |
| Alphabet, Inc., Class C | 2.4% |
| Broadcom, Inc. | 2.3% |
| Tesla, Inc. | 2.1% |
| Meta Platforms, Inc., Class A | 2.0% |
| Eli Lilly & Company | 1.4% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 30.5% |
| Financials | 13.7% |
| Consumer discretionary | 10.5% |
| Communication services | 9.8% |
| Health care | 9.8% |
| Industrials | 9.0% |
| Consumer staples | 4.9% |
| Energy | 2.8% |
| Materials | 2.2% |
| Real estate | 2.1% |
| Utilities | 2.1% |
| Short-term investments and other | 2.6% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on June 24-26, 2025, the Board of Trustees of the Trust approved changes to the fund's subadvisory arrangements such that effective June 30, 2025, Manulife Investment Management (North America) Limited was replaced by Manulife Investment Management (US) LLC as the fund's subadvisor.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

TOST-A-NAV

12/25

2/26

Total Stock Market Index Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust U.S. Growth Trust
Series I/JAFHX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the U.S. Growth Trust, formerly Capital Appreciation Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| U.S. Growth Trust<br>(Series I/JAFHX) | $82 | 0.74% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
U.S. Growth Trust (Series I/JAFHX) returned 20.60% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Top holdings** \| Positions in NVIDIA Corp. and Alphabet, Inc. contributed the most to the fund's absolute performance.

**Best performing sectors** \| The information technology and communication services sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest holdings** \| Positions in Salesforce, Inc. and The Trade Desk, Inc. were the top detractors from the fund's absolute performance.

**Worst performing sectors** \| The consumer discretionary sector detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290382.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| U.S. Growth Trust (Series I/JAFHX) | 20.60% | 11.70% | 17.06% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$744455310 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4171648 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 13.8% |
| Microsoft Corp. | 11.4% |
| Apple, Inc. | 9.6% |
| Alphabet, Inc., Class A | 7.2% |
| Amazon.com, Inc. | 6.0% |
| Broadcom, Inc. | 4.9% |
| Mastercard, Inc., Class A | 3.8% |
| Eli Lilly & Company | 3.7% |
| Meta Platforms, Inc., Class A | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 49.2% |
| Consumer discretionary | 13.2% |
| Financials | 10.9% |
| Communication services | 10.3% |
| Health care | 7.6% |
| Industrials | 2.3% |
| Consumer staples | 2.1% |
| Energy | 2.1% |
| Real estate | 1.8% |
| Short-term investments and other | 0.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, Jennison Associates LLC was replaced by Wellington Management Company LLP as the fund's subadvisor.

Prior to May 29, 2025, U.S. Growth Trust was known as Capital Appreciation Trust.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective May 29, 2025 whereby the annual rate is as follows: a) 0.600% of the first $500 million of aggregate net assets; b) 0.550% of the next $1 billion of aggregate net assets; c) 0.530% of the excess over $1.5 billion of aggregate net assets.

In connection with the Board actions described above, the principal investment strategies of the fund have been revised. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's investment process that begins with the broad universe of equity securities included in US equity indices, along with other ideas that come from a combination of company meetings, investment conferences, field trips and industry analysis. The subadvisor monitors and ranks securities based on their relative attractiveness across this universe. Securities considered for purchase by the subadvisor are attractive on a majority of certain metrics (Quality, Growth, Valuation, Capital Returns, and Earnings Revisions), and have a positive catalyst such as accelerating earnings or revenue growth.

Additionally, effective May 28, 2025, the following risks were added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Exchange-traded funds risk and Liquidity risk. The following risks were removed from the "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Consumer discretionary sector risk; Credit and counterparty risk; Fixed-income securities risk; Initial public offerings; Master limited partnership (MLP) risk; Mortgage-backed and asset-backed securities risk; Repurchase agreements risk; Short sales risk; U.S. government agency obligations risk and Warrants risk.

At a special meeting of shareholders of the fund held on August 26, 2025, the fund's shareholders approved a proposal to change the fund's diversification status from diversified to non-diversified effective on that date. In connection with this change, Non-diversified risk was added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAPA-A-I

12/25

2/26

U.S. Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust U.S. Growth Trust
Series II/JAFJX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the U.S. Growth Trust, formerly Capital Appreciation Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| U.S. Growth Trust<br>(Series II/JAFJX) | $104 | 0.94% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
U.S. Growth Trust (Series II/JAFJX) returned 20.55% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Top holdings** \| Positions in NVIDIA Corp. and Alphabet, Inc. contributed the most to the fund's absolute performance.

**Best performing sectors** \| The information technology and communication services sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest holdings** \| Positions in Salesforce, Inc. and The Trade Desk, Inc. were the top detractors from the fund's absolute performance.

**Worst performing sectors** \| The consumer discretionary sector detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290351.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| U.S. Growth Trust (Series II/JAFJX) | 20.55% | 11.51% | 16.84% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$744455310 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4171648 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 13.8% |
| Microsoft Corp. | 11.4% |
| Apple, Inc. | 9.6% |
| Alphabet, Inc., Class A | 7.2% |
| Amazon.com, Inc. | 6.0% |
| Broadcom, Inc. | 4.9% |
| Mastercard, Inc., Class A | 3.8% |
| Eli Lilly & Company | 3.7% |
| Meta Platforms, Inc., Class A | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 49.2% |
| Consumer discretionary | 13.2% |
| Financials | 10.9% |
| Communication services | 10.3% |
| Health care | 7.6% |
| Industrials | 2.3% |
| Consumer staples | 2.1% |
| Energy | 2.1% |
| Real estate | 1.8% |
| Short-term investments and other | 0.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, Jennison Associates LLC was replaced by Wellington Management Company LLP as the fund's subadvisor.

Prior to May 29, 2025, U.S. Growth Trust was known as Capital Appreciation Trust.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective May 29, 2025 whereby the annual rate is as follows: a) 0.600% of the first $500 million of aggregate net assets; b) 0.550% of the next $1 billion of aggregate net assets; c) 0.530% of the excess over $1.5 billion of aggregate net assets.

In connection with the Board actions described above, the principal investment strategies of the fund have been revised. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's investment process that begins with the broad universe of equity securities included in US equity indices, along with other ideas that come from a combination of company meetings, investment conferences, field trips and industry analysis. The subadvisor monitors and ranks securities based on their relative attractiveness across this universe. Securities considered for purchase by the subadvisor are attractive on a majority of certain metrics (Quality, Growth, Valuation, Capital Returns, and Earnings Revisions), and have a positive catalyst such as accelerating earnings or revenue growth.

Additionally, effective May 28, 2025, the following risks were added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Exchange-traded funds risk and Liquidity risk. The following risks were removed from the "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Consumer discretionary sector risk; Credit and counterparty risk; Fixed-income securities risk; Initial public offerings; Master limited partnership (MLP) risk; Mortgage-backed and asset-backed securities risk; Repurchase agreements risk; Short sales risk; U.S. government agency obligations risk and Warrants risk.

At a special meeting of shareholders of the fund held on August 26, 2025, the fund's shareholders approved a proposal to change the fund's diversification status from diversified to non-diversified effective on that date. In connection with this change, Non-diversified risk was added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAPA-A-II

12/25

2/26

U.S. Growth Trust

![jh-signature](images_5418.jpg)

## John Hancock Variable Insurance Trust U.S. Growth Trust
Series NAV/JAFGX

#### Annual SHAREHOLDER REPORT \| December 31, 2025
This annual shareholder report contains important information about the U.S. Growth Trust, formerly Capital Appreciation Trust, (the fund) for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.

#### This report describes changes to the fund that occurred during the reporting period.

#### What were the fund costs during the last year ?

#### (Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund (Class)** | **Costs of a $10,000 investment** | **Costs paid as a percentage<br>of a $10,000 investment** |
| U.S. Growth Trust<br>(Series NAV/JAFGX) | $76 | 0.69% |

---

#### Management's Discussion of Fund Performance

#### SUMMARY OF RESULTS
U.S. Growth Trust (Series NAV/JAFGX) returned 20.76% for the year ended December 31, 2025. U.S. equities rose over the twelve-month period ending December 31, 2025, buoyed by stabilizing inflation, robust corporate earnings, improved trade sentiment, and above-trend GDP growth. Volatility, initially sparked by tariff escalations, later compounded by artificial intelligence valuation concerns, Federal Reserve policy uncertainty, and a prolonged government shutdown, gradually subsided as trade tensions eased, earnings beat expectations, and consumer spending remained resilient. In addition, the Federal Reserve resumed easing with three rate cuts, beginning in September.

#### TOP PERFORMANCE CONTRIBUTORS
**Top holdings** \| Positions in NVIDIA Corp. and Alphabet, Inc. contributed the most to the fund's absolute performance.

**Best performing sectors** \| The information technology and communication services sectors contributed the most to the fund's absolute performance.

#### TOP PERFORMANCE DETRACTORS
**Weakest holdings** \| Positions in Salesforce, Inc. and The Trade Desk, Inc. were the top detractors from the fund's absolute performance.

**Worst performing sectors** \| The consumer discretionary sector detracted the most from the fund's absolute performance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

#### Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

#### GROWTH OF $10,000
![Fund Performance - Growth of 10K](chartimages_6290342.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURN** | **1 Year** | **5 Years** | **10 Years** |
| U.S. Growth Trust (Series NAV/JAFGX) | 20.76% | 11.77% | 17.13% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell 1000 Growth Index | 18.56% | 15.32% | 18.13% |

---

**Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. In addition, performance does not reflect fees and expenses of any variable insurance contract which may use John Hancock Variable Insurance Trust as its underlying investment option. If such fees and expenses had been reflected, performance would be lower. It is not possible to invest directly in an index.**

Fund Statistics

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Fund net assets** | &nbsp;&nbsp;&nbsp;&nbsp;$744455310 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total number of portfolio holdings** | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total advisory fees paid (net)** | &nbsp;&nbsp;&nbsp;&nbsp;$4171648 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Portfolio turnover rate** | &nbsp;&nbsp;&nbsp;&nbsp;127% |

---

#### Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

**Top Ten Holdings**

---

| | |
|:---|:---|
| NVIDIA Corp. | 13.8% |
| Microsoft Corp. | 11.4% |
| Apple, Inc. | 9.6% |
| Alphabet, Inc., Class A | 7.2% |
| Amazon.com, Inc. | 6.0% |
| Broadcom, Inc. | 4.9% |
| Mastercard, Inc., Class A | 3.8% |
| Eli Lilly & Company | 3.7% |
| Meta Platforms, Inc., Class A | 3.1% |
| Tesla, Inc. | 3.0% |

---

**Sector Composition**

---

| | |
|:---|:---|
| Information technology | 49.2% |
| Consumer discretionary | 13.2% |
| Financials | 10.9% |
| Communication services | 10.3% |
| Health care | 7.6% |
| Industrials | 2.3% |
| Consumer staples | 2.1% |
| Energy | 2.1% |
| Real estate | 1.8% |
| Short-term investments and other | 0.5% |

---

Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.

*The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .* 

**Material Fund Changes**

At a meeting held on March 25-27, 2025, the Board of Trustees of the Trust (the Board) approved changes to the fund's subadvisory arrangements such that effective May 28, 2025, Jennison Associates LLC was replaced by Wellington Management Company LLP as the fund's subadvisor.

Prior to May 29, 2025, U.S. Growth Trust was known as Capital Appreciation Trust.

In addition, at the same meeting, the Board approved a change in the fund's management fee schedule effective May 29, 2025 whereby the annual rate is as follows: a) 0.600% of the first $500 million of aggregate net assets; b) 0.550% of the next $1 billion of aggregate net assets; c) 0.530% of the excess over $1.5 billion of aggregate net assets.

In connection with the Board actions described above, the principal investment strategies of the fund have been revised. The purpose of these changes was to align the fund with the investment approach of the new subadvisor. Specifically, the strategies were revised to reflect the new subadvisor's investment process that begins with the broad universe of equity securities included in US equity indices, along with other ideas that come from a combination of company meetings, investment conferences, field trips and industry analysis. The subadvisor monitors and ranks securities based on their relative attractiveness across this universe. Securities considered for purchase by the subadvisor are attractive on a majority of certain metrics (Quality, Growth, Valuation, Capital Returns, and Earnings Revisions), and have a positive catalyst such as accelerating earnings or revenue growth.

Additionally, effective May 28, 2025, the following risks were added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Exchange-traded funds risk and Liquidity risk. The following risks were removed from the "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund: Consumer discretionary sector risk; Credit and counterparty risk; Fixed-income securities risk; Initial public offerings; Master limited partnership (MLP) risk; Mortgage-backed and asset-backed securities risk; Repurchase agreements risk; Short sales risk; U.S. government agency obligations risk and Warrants risk.

At a special meeting of shareholders of the fund held on August 26, 2025, the fund's shareholders approved a proposal to change the fund's diversification status from diversified to non-diversified effective on that date. In connection with this change, Non-diversified risk was added to the fund's "Principal Risks" in the "Fund Summary" section of the Prospectus for the fund.

*This is a summary of certain changes to the fund since 1-1-25 . For more complete information, please refer to the fund's prospectus. The currently effective prospectus is available at dfinview.com/johnhancock?site=funds or by calling 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.*

Availability of Additional Information

![VIT TSR QR Code](images_5444.jpg)

At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund's:

* Prospectus

* Financial information

* Fund holdings

* Proxy voting information

You can also request this information by contacting us at 800-344-1029.

**This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.**

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CAPA-A-NAV

12/25

2/26

U.S. Growth Trust

------

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 audits 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 $1,154,743 and $1,153,492 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 a software licensing fee and security counts pursuant to Rule 17f-2 under the Investment Company Act of 1940. Amounts billed to the registrant were $28,285 and $27,872 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 $109,266 and $137,841 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%.

(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 $1,424,058 for the fiscal year ended December 31, 2025 and $1,005,345 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. Bacic

Thomas R. Wright - effective January 1, 2026

------

ITEM 6. SCHEDULE OF INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Refer to information included in Item 7.

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

------

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

The Registrant prepared financial statements and financial highlights for the year ended December 31, 2025 for the following funds:

John Hancock Variable Insurance Trust

* John Hancock 500 Index Trust

* John Hancock American Asset Allocation Trust

* John Hancock American Global Growth Trust

* John Hancock American Growth Trust

* John Hancock American Growth-Income Trust

* John Hancock American International Trust

* John Hancock Blue Chip Growth Trust

* John Hancock Capital Appreciation Value Trust

* John Hancock Disciplined Value International Trust

* John Hancock Disciplined Value Emerging Markets Equity Trust

* John Hancock Equity Income Trust

* John Hancock Financial Industries Trust

* John Hancock Fundamental All Cap Core Trust

* John Hancock Fundamental Large Cap Value Trust

* John Hancock Global Equity Trust

* John Hancock Health Sciences Trust

* John Hancock International Equity Index Trust

* John Hancock International Small Company Trust

* John Hancock Lifestyle Balanced Portfolio

* John Hancock Lifestyle Conservative Portfolio

* John Hancock Lifestyle Growth Portfolio

* John Hancock Lifestyle Moderate Portfolio

* John Hancock Mid Cap Growth Trust

* John Hancock Mid Cap Index Trust

* John Hancock Mid Value Trust

* John Hancock Real Estate Securities Trust

* John Hancock Science & Technology Trust

* John Hancock Small Cap Core Trust (formerly Small Cap Value Trust)

* John Hancock Small Cap Index Trust

* John Hancock Small Cap Opportunities Trust

* John Hancock Small Cap Stock Trust

* John Hancock Small Company Value Trust

* John Hancock Strategic Equity Allocation Trust

* John Hancock Total Stock Market Index Trust

* John Hancock U.S. Growth Trust (formerly Capital Appreciation Trust)

In addition, the December 31, 2025 semiannual annual report for American Funds Insurance Series, which includes master funds in which the Registrant's portfolios invest, is included herein.

------

![](img681db5471.gif)

![](imgf5c980a22.gif)

## JOHN HANCOCK

## Variable Insurance Trust
Annual Financial Statements & Other N-CSR Items

December 31, 2025

------

## John Hancock Variable Insurance Trust

#### Annual Financial Statements & Other N-CSR Items — Table of contents

------

---

| | |
|:---|:---|
| **[Portfolio of investments](#xx_638420c1-4535-445f-a014-c096001586f6_1)[(See below for each portfolio's page #)](#xx_638420c1-4535-445f-a014-c096001586f6_1)<br>**  | **3** |
| **[Statements of assets and liabilities](#xx_a7be7a18-f563-4da9-9834-6a7516882104_1)<br>**  | **173** |
| **[Statements of operations](#xx_a7be7a18-f563-4da9-9834-6a7516882104_10)<br>**  | **182** |
| **[Statements of changes in net assets](#xx_a7be7a18-f563-4da9-9834-6a7516882104_19)<br>**  | **191** |
| **[Financial highlights](#xx_8e9d86e6-a1ee-435e-8b7e-455f16122c55_1)<br>**  | **197** |
| **[Notes to financial statements](#xx_6c791efd-038a-4e47-8489-d4cea6eec921_1)<br>**  | **214** |
| **[Report of independent registered public accounting firm](#xx_86543b5b-2211-4bd1-9bbb-88797d987ff4_1)<br>**  | **257** |
| **[Shareholder meeting](#xx_41b7ffd0-3b14-4e6d-81e5-a432be3ced0d_1)<br>**  | **258** |

---

---

| | | |
|:---|:---|:---|
| **Portfolio** | **Portfolio of investments** | **Portfolio of investments** |
| [500 Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_1) | [500 Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_1) | 3 |
| [American Asset Allocation Trust](#xx_638420c1-4535-445f-a014-c096001586f6_6) | [American Asset Allocation Trust](#xx_638420c1-4535-445f-a014-c096001586f6_6) | 8 |
| [American Global Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_6) | [American Global Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_6) | 8 |
| [American Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | [American Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | 9 |
| [American Growth-Income Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | [American Growth-Income Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | 9 |
| [American International Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | [American International Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | 9 |
| [Blue Chip Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | [Blue Chip Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_7) | 9 |
| [Capital Appreciation Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_8) | [Capital Appreciation Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_8) | 10 |
| [Disciplined Value Emerging Markets Equity Trust](#xx_638420c1-4535-445f-a014-c096001586f6_13) | [Disciplined Value Emerging Markets Equity Trust](#xx_638420c1-4535-445f-a014-c096001586f6_13) | 15 |
| [Disciplined Value International Trust](#xx_638420c1-4535-445f-a014-c096001586f6_16) | [Disciplined Value International Trust](#xx_638420c1-4535-445f-a014-c096001586f6_16) | 18 |
| [Equity Income Trust](#xx_638420c1-4535-445f-a014-c096001586f6_17) | [Equity Income Trust](#xx_638420c1-4535-445f-a014-c096001586f6_17) | 19 |
| [Financial Industries Trust](#xx_638420c1-4535-445f-a014-c096001586f6_19) | [Financial Industries Trust](#xx_638420c1-4535-445f-a014-c096001586f6_19) | 21 |
| [Fundamental All Cap Core Trust](#xx_638420c1-4535-445f-a014-c096001586f6_20) | [Fundamental All Cap Core Trust](#xx_638420c1-4535-445f-a014-c096001586f6_20) | 22 |
| [Fundamental Large Cap Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_21) | [Fundamental Large Cap Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_21) | 23 |
| [Global Equity Trust](#xx_638420c1-4535-445f-a014-c096001586f6_22) | [Global Equity Trust](#xx_638420c1-4535-445f-a014-c096001586f6_22) | 24 |
| [Health Sciences Trust](#xx_638420c1-4535-445f-a014-c096001586f6_23) | [Health Sciences Trust](#xx_638420c1-4535-445f-a014-c096001586f6_23) | 25 |
| [International Equity Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_25) | [International Equity Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_25) | 27 |
| [International Small Company Trust](#xx_638420c1-4535-445f-a014-c096001586f6_45) | [International Small Company Trust](#xx_638420c1-4535-445f-a014-c096001586f6_45) | 47 |

---

---

| | | |
|:---|:---|:---|
| **Portfolio** | **Portfolio of investments** | **Portfolio of investments** |
| [Lifestyle Balanced Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_68) | [Lifestyle Balanced Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_68) | 70 |
| [Lifestyle Conservative Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | [Lifestyle Conservative Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | 71 |
| [Lifestyle Growth Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | [Lifestyle Growth Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | 71 |
| [Lifestyle Moderate Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | [Lifestyle Moderate Portfolio](#xx_638420c1-4535-445f-a014-c096001586f6_69) | 71 |
| [Mid Cap Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_69) | [Mid Cap Growth Trust](#xx_638420c1-4535-445f-a014-c096001586f6_69) | 71 |
| [Mid Cap Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_71) | [Mid Cap Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_71) | 73 |
| [Mid Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_76) | [Mid Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_76) | 78 |
| [Real Estate Securities Trust](#xx_638420c1-4535-445f-a014-c096001586f6_78) | [Real Estate Securities Trust](#xx_638420c1-4535-445f-a014-c096001586f6_78) | 80 |
| [Science & Technology Trust](#xx_638420c1-4535-445f-a014-c096001586f6_79) | [Science & Technology Trust](#xx_638420c1-4535-445f-a014-c096001586f6_79) | 81 |
| [Small Cap Core Trust (formerly Small Cap Value Trust)](#xx_638420c1-4535-445f-a014-c096001586f6_80) | [Small Cap Core Trust (formerly Small Cap Value Trust)](#xx_638420c1-4535-445f-a014-c096001586f6_80) | 82 |
| [Small Cap Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_82) | [Small Cap Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_82) | 84 |
| [Small Cap Opportunities Trust](#xx_638420c1-4535-445f-a014-c096001586f6_98) | [Small Cap Opportunities Trust](#xx_638420c1-4535-445f-a014-c096001586f6_98) | 100 |
| [Small Cap Stock Trust](#xx_638420c1-4535-445f-a014-c096001586f6_109) | [Small Cap Stock Trust](#xx_638420c1-4535-445f-a014-c096001586f6_109) | 111 |
| [Small Company Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_111) | [Small Company Value Trust](#xx_638420c1-4535-445f-a014-c096001586f6_111) | 113 |
| [Strategic Equity Allocation Trust](#xx_638420c1-4535-445f-a014-c096001586f6_114) | [Strategic Equity Allocation Trust](#xx_638420c1-4535-445f-a014-c096001586f6_114) | 116 |
| [Total Stock Market Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_142) | [Total Stock Market Index Trust](#xx_638420c1-4535-445f-a014-c096001586f6_142) | 144 |
| [U.S. Growth Trust (formerly Capital Appreciation Trust)](#xx_638420c1-4535-445f-a014-c096001586f6_167) | [U.S. Growth Trust (formerly Capital Appreciation Trust)](#xx_638420c1-4535-445f-a014-c096001586f6_167) | 169 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.1%** | **COMMON STOCKS – 98.1%** |  |
| **Communication services – 10.4%** |  |  |
| **Diversified telecommunication services – 0.6%** | **Diversified telecommunication services – 0.6%** |  |
| AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1454666 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36133903 |
| Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35237845 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71371748 |
| **Entertainment – 1.3%** | **Entertainment – 1.3%** |  |
| Electronic Arts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9410827 |
| Live Nation Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4617000 |
| Netflix, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81519163 |
| Take-Two Interactive Software, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9124653 |
| The Walt Disney Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41676113 |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2843027 |
| Warner Brothers Discovery, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14653500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163844283 |
| **Interactive media and services – 7.9%** | **Interactive media and services – 7.9%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373653453 |
| Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299404739 |
| Match Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1564063 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294978379 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969600634 |
| **Media – 0.4%** | **Media – 0.4%** |  |
| Charter Communications, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3769190 |
| Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22290288 |
| Fox Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3123962 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1977313 |
| News Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007061 |
| News Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750469 |
| Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5285168 |
| Paramount Skydance Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854491 |
| The Trade Desk, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3429610 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43487552 |
| **Wireless telecommunication services – 0.2%** | **Wireless telecommunication services – 0.2%** |  |
| T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20037408 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268341625 |
| **Consumer discretionary – 10.2%** |  |  |
| **Automobile components – 0.0%** | **Automobile components – 0.0%** |  |
| Aptiv PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3373602 |
| **Automobiles – 2.3%** | **Automobiles – 2.3%** |  |
| Ford Motor Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10535780 |
| General Motors Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15565624 |
| Tesla, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259292812 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285394216 |
| **Broadline retail – 3.8%** | **Broadline retail – 3.8%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1996084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460736095 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8078090 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468814185 |
| **Distributors – 0.1%** | **Distributors – 0.1%** |  |
| Genuine Parts Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509770 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538573 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5048343 |
| **Hotels, restaurants and leisure – 1.8%** | **Hotels, restaurants and leisure – 1.8%** |  |
| Airbnb, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11843606 |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35420153 |
| Carnival Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6804220 |
| Chipotle Mexican Grill, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10038655 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4392005 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2658478 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17372148 |
| Expedia Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6801990 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13699814 |
| Las Vegas Sands Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4063439 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14178588 |

---

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| McDonald's Corp. | 146125 | $&nbsp;&nbsp;&nbsp;&nbsp;44660184 |
| MGM Resorts International (A) | &nbsp;&nbsp;42090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535864 |
| Norwegian Cruise Line Holdings, Ltd. (A) | &nbsp;&nbsp;93414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2085000 |
| Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp;52040 | &nbsp;&nbsp;&nbsp;&nbsp;14514997 |
| Starbucks Corp. | 233277 | &nbsp;&nbsp;&nbsp;&nbsp;19644256 |
| Wynn Resorts, Ltd. | &nbsp;&nbsp;17323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2084477 |
| Yum! Brands, Inc. | &nbsp;&nbsp;56971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8618573 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;220416447 |
| **Household durables – 0.2%** | **Household durables – 0.2%** |  |
| D.R. Horton, Inc. | &nbsp;&nbsp;56193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8093478 |
| Garmin, Ltd. | &nbsp;&nbsp;33545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6804603 |
| Lennar Corp., Class A | &nbsp;&nbsp;44271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4551059 |
| NVR, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4251685 |
| PulteGroup, Inc. | &nbsp;&nbsp;39995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4689814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;28390639 |
| **Leisure products – 0.0%** | **Leisure products – 0.0%** |  |
| Hasbro, Inc. | &nbsp;&nbsp;27355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2243110 |
| **Specialty retail – 1.7%** | **Specialty retail – 1.7%** |  |
| AutoZone, Inc. (A) | &nbsp;&nbsp;&nbsp;3413 | &nbsp;&nbsp;&nbsp;&nbsp;11575190 |
| Best Buy Company, Inc. | &nbsp;&nbsp;40092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2683358 |
| Carvana Company (A) | &nbsp;&nbsp;29018 | &nbsp;&nbsp;&nbsp;&nbsp;12246176 |
| Lowe's Companies, Inc. | 115074 | &nbsp;&nbsp;&nbsp;&nbsp;27751246 |
| O'Reilly Automotive, Inc. (A) | 173199 | &nbsp;&nbsp;&nbsp;&nbsp;15797481 |
| Ross Stores, Inc. | &nbsp;&nbsp;66732 | &nbsp;&nbsp;&nbsp;&nbsp;12021102 |
| The Home Depot, Inc. | 204241 | &nbsp;&nbsp;&nbsp;&nbsp;70279328 |
| The TJX Companies, Inc. | 228362 | &nbsp;&nbsp;&nbsp;&nbsp;35078687 |
| Tractor Supply Company | 108422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5422184 |
| Ulta Beauty, Inc. (A) | &nbsp;&nbsp;&nbsp;9200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5566092 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;24990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4462964 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;202883808 |
| **Textiles, apparel and luxury goods – 0.3%** | **Textiles, apparel and luxury goods – 0.3%** |  |
| Deckers Outdoor Corp. (A) | &nbsp;&nbsp;29905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100251 |
| Lululemon Athletica, Inc. (A) | &nbsp;&nbsp;22142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4601329 |
| NIKE, Inc., Class B | 244032 | &nbsp;&nbsp;&nbsp;&nbsp;15547279 |
| Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;7953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2812260 |
| Tapestry, Inc. | &nbsp;&nbsp;41991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5365190 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;31426309 |
|  |  | 1247990659 |
| **Consumer staples – 4.6%** |  |  |
| **Beverages – 1.0%** | **Beverages – 1.0%** |  |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;36131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941574 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;28926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3990631 |
| Keurig Dr. Pepper, Inc. | 278764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7808180 |
| Molson Coors Beverage Company, Class B | &nbsp;&nbsp;34740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1621663 |
| Monster Beverage Corp. (A) | 146345 | &nbsp;&nbsp;&nbsp;&nbsp;11220271 |
| PepsiCo, Inc. | 280560 | &nbsp;&nbsp;&nbsp;&nbsp;40265971 |
| The Coca-Cola Company | 794371 | &nbsp;&nbsp;&nbsp;&nbsp;55534477 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;121382767 |
| **Consumer staples distribution and retail – 1.7%** | **Consumer staples distribution and retail – 1.7%** |  |
| Costco Wholesale Corp. | &nbsp;&nbsp;90935 | &nbsp;&nbsp;&nbsp;&nbsp;78416888 |
| Dollar General Corp. | &nbsp;&nbsp;45163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5996292 |
| Dollar Tree, Inc. (A) | &nbsp;&nbsp;38922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4787795 |
| Sysco Corp. | &nbsp;&nbsp;98256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7240485 |
| Target Corp. | &nbsp;&nbsp;93236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9113819 |
| The Kroger Company | 125096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7815998 |
| Walmart, Inc. | 899760 | &nbsp;&nbsp;&nbsp;&nbsp;100242262 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;213613539 |
| **Food products – 0.4%** | **Food products – 0.4%** |  |
| Archer-Daniels-Midland Company | &nbsp;&nbsp;98607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5668916 |
| Bunge Global SA | &nbsp;&nbsp;27773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2474019 |
| Conagra Brands, Inc. | &nbsp;&nbsp;98156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1699080 |
| General Mills, Inc. | 109453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5089565 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>3</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Food products (continued)** | **Food products (continued)** |  |
| Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59813 | $&nbsp;&nbsp;&nbsp;&nbsp;1417568 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28593 | &nbsp;&nbsp;&nbsp;&nbsp;1197761 |
| McCormick & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51962 | &nbsp;&nbsp;&nbsp;&nbsp;3539132 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;264766 | &nbsp;&nbsp;&nbsp;14252354 |
| The Campbell's Company | &nbsp;&nbsp;&nbsp;&nbsp;40317 | &nbsp;&nbsp;&nbsp;&nbsp;1123635 |
| The Hershey Company | &nbsp;&nbsp;&nbsp;&nbsp;30403 | &nbsp;&nbsp;&nbsp;&nbsp;5532738 |
| The J.M. Smucker Company | &nbsp;&nbsp;&nbsp;&nbsp;21890 | &nbsp;&nbsp;&nbsp;&nbsp;2141061 |
| The Kraft Heinz Company | &nbsp;&nbsp;174874 | &nbsp;&nbsp;&nbsp;&nbsp;4240695 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;58077 | &nbsp;&nbsp;&nbsp;&nbsp;3404474 |
|  |  | &nbsp;&nbsp;&nbsp;51780998 |
| **Household products – 0.8%** | **Household products – 0.8%** |  |
| Church & Dwight Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49272 | &nbsp;&nbsp;&nbsp;&nbsp;4131457 |
| Colgate-Palmolive Company | &nbsp;&nbsp;165394 | &nbsp;&nbsp;&nbsp;13069434 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68093 | &nbsp;&nbsp;&nbsp;&nbsp;6869903 |
| The Clorox Company | &nbsp;&nbsp;&nbsp;&nbsp;25029 | &nbsp;&nbsp;&nbsp;&nbsp;2523674 |
| The Procter & Gamble Company | &nbsp;&nbsp;479469 | &nbsp;&nbsp;&nbsp;68712702 |
|  |  | &nbsp;&nbsp;&nbsp;95307170 |
| **Personal care products – 0.1%** | **Personal care products – 0.1%** |  |
| Kenvue, Inc. | &nbsp;&nbsp;393098 | &nbsp;&nbsp;&nbsp;&nbsp;6780941 |
| The Estee Lauder Companies, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;50445 | &nbsp;&nbsp;&nbsp;&nbsp;5282600 |
|  |  | &nbsp;&nbsp;&nbsp;12063541 |
| **Tobacco – 0.6%** | **Tobacco – 0.6%** |  |
| Altria Group, Inc. | &nbsp;&nbsp;344439 | &nbsp;&nbsp;&nbsp;19860353 |
| Philip Morris International, Inc. | &nbsp;&nbsp;319403 | &nbsp;&nbsp;&nbsp;51232241 |
|  |  | &nbsp;&nbsp;&nbsp;71092594 |
|  |  | 565240609 |
| **Energy – 2.8%** |  |  |
| **Energy equipment and services – 0.2%** | **Energy equipment and services – 0.2%** |  |
| Baker Hughes Company | &nbsp;&nbsp;202473 | &nbsp;&nbsp;&nbsp;&nbsp;9220620 |
| Halliburton Company | &nbsp;&nbsp;172688 | &nbsp;&nbsp;&nbsp;&nbsp;4880163 |
| SLB, Ltd. | &nbsp;&nbsp;306538 | &nbsp;&nbsp;&nbsp;11764928 |
|  |  | &nbsp;&nbsp;&nbsp;25865711 |
| **Oil, gas and consumable fuels – 2.6%** | **Oil, gas and consumable fuels – 2.6%** |  |
| APA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;72773 | &nbsp;&nbsp;&nbsp;&nbsp;1780028 |
| Chevron Corp. | &nbsp;&nbsp;388360 | &nbsp;&nbsp;&nbsp;59189948 |
| ConocoPhillips | &nbsp;&nbsp;253554 | &nbsp;&nbsp;&nbsp;23735190 |
| Coterra Energy, Inc. | &nbsp;&nbsp;156226 | &nbsp;&nbsp;&nbsp;&nbsp;4111868 |
| Devon Energy Corp. | &nbsp;&nbsp;128715 | &nbsp;&nbsp;&nbsp;&nbsp;4714830 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38215 | &nbsp;&nbsp;&nbsp;&nbsp;5744861 |
| EOG Resources, Inc. | &nbsp;&nbsp;111334 | &nbsp;&nbsp;&nbsp;11691183 |
| EQT Corp. | &nbsp;&nbsp;128051 | &nbsp;&nbsp;&nbsp;&nbsp;6863534 |
| Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;48870 | &nbsp;&nbsp;&nbsp;&nbsp;5393293 |
| Exxon Mobil Corp. | &nbsp;&nbsp;865309 | 104131285 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;401713 | &nbsp;&nbsp;&nbsp;11043090 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61679 | &nbsp;&nbsp;&nbsp;10030856 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;147574 | &nbsp;&nbsp;&nbsp;&nbsp;6068243 |
| ONEOK, Inc. | &nbsp;&nbsp;129112 | &nbsp;&nbsp;&nbsp;&nbsp;9489732 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;82674 | &nbsp;&nbsp;&nbsp;10668253 |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44045 | &nbsp;&nbsp;&nbsp;&nbsp;8126303 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11883 | &nbsp;&nbsp;&nbsp;&nbsp;3413035 |
| The Williams Companies, Inc. | &nbsp;&nbsp;250579 | &nbsp;&nbsp;&nbsp;15062304 |
| Valero Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62584 | &nbsp;&nbsp;&nbsp;10188049 |
|  |  | 311445885 |
|  |  | 337311596 |
| **Financials – 13.1%** |  |  |
| **Banks – 3.6%** | **Banks – 3.6%** |  |
| Bank of America Corp. | 1378510 | &nbsp;&nbsp;&nbsp;75818050 |
| Citigroup, Inc. | &nbsp;&nbsp;367142 | &nbsp;&nbsp;&nbsp;42841800 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88126 | &nbsp;&nbsp;&nbsp;&nbsp;5147440 |
| Fifth Third Bancorp | &nbsp;&nbsp;135631 | &nbsp;&nbsp;&nbsp;&nbsp;6348887 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;322591 | &nbsp;&nbsp;&nbsp;&nbsp;5596954 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| JPMorgan Chase & Co. | 558574 | $179983714 |
| KeyCorp | 190616 | &nbsp;&nbsp;&nbsp;&nbsp;3934314 |
| M&T Bank Corp. | &nbsp;&nbsp;31536 | &nbsp;&nbsp;&nbsp;&nbsp;6353873 |
| Regions Financial Corp. | 179919 | &nbsp;&nbsp;&nbsp;&nbsp;4875805 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;80466 | &nbsp;&nbsp;&nbsp;16795668 |
| Truist Financial Corp. | 262481 | &nbsp;&nbsp;&nbsp;12916690 |
| U.S. Bancorp | 318949 | &nbsp;&nbsp;&nbsp;17019119 |
| Wells Fargo & Company | 644101 | &nbsp;&nbsp;&nbsp;60030213 |
|  |  | 437662527 |
| **Capital markets – 3.4%** | **Capital markets – 3.4%** |  |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;19063 | &nbsp;&nbsp;&nbsp;&nbsp;9347351 |
| Ares Management Corp., Class A | &nbsp;&nbsp;42271 | &nbsp;&nbsp;&nbsp;&nbsp;6832262 |
| BlackRock, Inc. | &nbsp;&nbsp;29607 | &nbsp;&nbsp;&nbsp;31689556 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;21472 | &nbsp;&nbsp;&nbsp;&nbsp;5389472 |
| CME Group, Inc. | &nbsp;&nbsp;73990 | &nbsp;&nbsp;&nbsp;20205189 |
| Coinbase Global, Inc., Class A (A) | &nbsp;&nbsp;46816 | &nbsp;&nbsp;&nbsp;10586970 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;7685 | &nbsp;&nbsp;&nbsp;&nbsp;2230110 |
| Franklin Resources, Inc. | &nbsp;&nbsp;63070 | &nbsp;&nbsp;&nbsp;&nbsp;1506742 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;91383 | &nbsp;&nbsp;&nbsp;&nbsp;5876841 |
| Intercontinental Exchange, Inc. | 116994 | &nbsp;&nbsp;&nbsp;18948348 |
| Invesco, Ltd. | &nbsp;&nbsp;91329 | &nbsp;&nbsp;&nbsp;&nbsp;2399213 |
| KKR & Company, Inc. | 140829 | &nbsp;&nbsp;&nbsp;17952881 |
| Moody's Corp. | &nbsp;&nbsp;31481 | &nbsp;&nbsp;&nbsp;16082069 |
| Morgan Stanley | 247840 | &nbsp;&nbsp;&nbsp;43999035 |
| MSCI, Inc. | &nbsp;&nbsp;15418 | &nbsp;&nbsp;&nbsp;&nbsp;8845769 |
| Nasdaq, Inc. | &nbsp;&nbsp;92556 | &nbsp;&nbsp;&nbsp;&nbsp;8989964 |
| Northern Trust Corp. | &nbsp;&nbsp;38804 | &nbsp;&nbsp;&nbsp;&nbsp;5300238 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;36177 | &nbsp;&nbsp;&nbsp;&nbsp;5809664 |
| Robinhood Markets, Inc., Class A (A) | 161350 | &nbsp;&nbsp;&nbsp;18248685 |
| S&P Global, Inc. | &nbsp;&nbsp;63608 | &nbsp;&nbsp;&nbsp;33240905 |
| State Street Corp. | &nbsp;&nbsp;57311 | &nbsp;&nbsp;&nbsp;&nbsp;7393692 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;44779 | &nbsp;&nbsp;&nbsp;&nbsp;4584474 |
| The Bank of New York Mellon Corp. | 143088 | &nbsp;&nbsp;&nbsp;16611086 |
| The Blackstone Group, Inc. | 151521 | &nbsp;&nbsp;&nbsp;23355447 |
| The Charles Schwab Corp. | 342728 | &nbsp;&nbsp;&nbsp;34241954 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;61542 | &nbsp;&nbsp;&nbsp;54095418 |
|  |  | 413763335 |
| **Consumer finance – 0.6%** | **Consumer finance – 0.6%** |  |
| American Express Company | 110248 | &nbsp;&nbsp;&nbsp;40786248 |
| Capital One Financial Corp. | 130445 | &nbsp;&nbsp;&nbsp;31614650 |
| Synchrony Financial | &nbsp;&nbsp;73903 | &nbsp;&nbsp;&nbsp;&nbsp;6165727 |
|  |  | &nbsp;&nbsp;&nbsp;78566625 |
| **Financial services – 3.8%** | **Financial services – 3.8%** |  |
| Apollo Global Management, Inc. | &nbsp;&nbsp;95277 | &nbsp;&nbsp;&nbsp;13792299 |
| Berkshire Hathaway, Inc., Class B (A) | 376260 | 189127089 |
| Block, Inc. (A) | 112374 | &nbsp;&nbsp;&nbsp;&nbsp;7314424 |
| Corpay, Inc. (A) | &nbsp;&nbsp;14355 | &nbsp;&nbsp;&nbsp;&nbsp;4319850 |
| Fidelity National Information Services, Inc. | 106256 | &nbsp;&nbsp;&nbsp;&nbsp;7061774 |
| Fiserv, Inc. (A) | 110360 | &nbsp;&nbsp;&nbsp;&nbsp;7412881 |
| Global Payments, Inc. | &nbsp;&nbsp;48577 | &nbsp;&nbsp;&nbsp;&nbsp;3759860 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;14851 | &nbsp;&nbsp;&nbsp;&nbsp;2710010 |
| Mastercard, Inc., Class A | 168245 | &nbsp;&nbsp;&nbsp;96047706 |
| PayPal Holdings, Inc. | 191983 | &nbsp;&nbsp;&nbsp;11207968 |
| Visa, Inc., Class A | 346280 | 121443859 |
|  |  | 464197720 |
| **Insurance – 1.7%** | **Insurance – 1.7%** |  |
| Aflac, Inc. | &nbsp;&nbsp;96788 | &nbsp;&nbsp;&nbsp;10672813 |
| American International Group, Inc. | 110714 | &nbsp;&nbsp;&nbsp;&nbsp;9471583 |
| Aon PLC, Class A | &nbsp;&nbsp;44102 | &nbsp;&nbsp;&nbsp;15562714 |
| Arch Capital Group, Ltd. (A) | &nbsp;&nbsp;74093 | &nbsp;&nbsp;&nbsp;&nbsp;7107001 |
| Arthur J. Gallagher & Company | &nbsp;&nbsp;52693 | &nbsp;&nbsp;&nbsp;13636421 |
| Assurant, Inc. | &nbsp;&nbsp;10276 | &nbsp;&nbsp;&nbsp;&nbsp;2474975 |
| Brown & Brown, Inc. | &nbsp;&nbsp;60247 | &nbsp;&nbsp;&nbsp;&nbsp;4801686 |
| Chubb, Ltd. | &nbsp;&nbsp;75099 | &nbsp;&nbsp;&nbsp;23439900 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>4</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Cincinnati Financial Corp. | &nbsp;&nbsp;32013 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5228363 |
| Erie Indemnity Company, Class A | &nbsp;&nbsp;&nbsp;5213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1494306 |
| Everest Group, Ltd. | &nbsp;&nbsp;&nbsp;8614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2923161 |
| Globe Life, Inc. | &nbsp;&nbsp;16334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2284473 |
| Loews Corp. | &nbsp;&nbsp;34772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3661839 |
| Marsh & McLennan Companies, Inc. | 100523 | &nbsp;&nbsp;&nbsp;&nbsp;18649027 |
| MetLife, Inc. | 113565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8964821 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;41023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3618639 |
| Prudential Financial, Inc. | &nbsp;&nbsp;71817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8106703 |
| The Allstate Corp. | &nbsp;&nbsp;53694 | &nbsp;&nbsp;&nbsp;&nbsp;11176406 |
| The Hartford Insurance Group, Inc. | &nbsp;&nbsp;57178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7879128 |
| The Progressive Corp. | 120321 | &nbsp;&nbsp;&nbsp;&nbsp;27399498 |
| The Travelers Companies, Inc. | &nbsp;&nbsp;45770 | &nbsp;&nbsp;&nbsp;&nbsp;13276046 |
| W.R. Berkley Corp. | &nbsp;&nbsp;61600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4319392 |
| Willis Towers Watson PLC | &nbsp;&nbsp;19646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6455676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;212604571 |
|  |  | 1606794778 |
| **Health care – 9.4%** |  |  |
| **Biotechnology – 1.6%** | **Biotechnology – 1.6%** |  |
| AbbVie, Inc. | 362645 | &nbsp;&nbsp;&nbsp;&nbsp;82860756 |
| Amgen, Inc. | 110489 | &nbsp;&nbsp;&nbsp;&nbsp;36164155 |
| Biogen, Inc. (A) | &nbsp;&nbsp;30102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5297651 |
| Gilead Sciences, Inc. | 254572 | &nbsp;&nbsp;&nbsp;&nbsp;31246167 |
| Incyte Corp. (A) | &nbsp;&nbsp;33838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3342179 |
| Moderna, Inc. (A) | &nbsp;&nbsp;71345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2103964 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;20679 | &nbsp;&nbsp;&nbsp;&nbsp;15961500 |
| Vertex Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;52060 | &nbsp;&nbsp;&nbsp;&nbsp;23601922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;200578294 |
| **Health care equipment and supplies – 2.0%** | **Health care equipment and supplies – 2.0%** |  |
| Abbott Laboratories | 356795 | &nbsp;&nbsp;&nbsp;&nbsp;44702846 |
| Align Technology, Inc. (A) | &nbsp;&nbsp;13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2137850 |
| Baxter International, Inc. | 105476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015646 |
| Becton, Dickinson and Company | &nbsp;&nbsp;58812 | &nbsp;&nbsp;&nbsp;&nbsp;11413645 |
| Boston Scientific Corp. (A) | 304179 | &nbsp;&nbsp;&nbsp;&nbsp;29003468 |
| DexCom, Inc. (A) | &nbsp;&nbsp;80026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5311326 |
| Edwards Lifesciences Corp. (A) | 119070 | &nbsp;&nbsp;&nbsp;&nbsp;10150718 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;93468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7666245 |
| Hologic, Inc. (A) | &nbsp;&nbsp;45668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3401809 |
| IDEXX Laboratories, Inc. (A) | &nbsp;&nbsp;16384 | &nbsp;&nbsp;&nbsp;&nbsp;11084268 |
| Insulet Corp. (A) | &nbsp;&nbsp;14434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4102720 |
| Intuitive Surgical, Inc. (A) | &nbsp;&nbsp;72738 | &nbsp;&nbsp;&nbsp;&nbsp;41195894 |
| Medtronic PLC | 263176 | &nbsp;&nbsp;&nbsp;&nbsp;25280687 |
| ResMed, Inc. | &nbsp;&nbsp;29950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7214057 |
| Solventum Corp. (A) | &nbsp;&nbsp;30251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2397089 |
| STERIS PLC | &nbsp;&nbsp;20139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5105639 |
| Stryker Corp. | &nbsp;&nbsp;70622 | &nbsp;&nbsp;&nbsp;&nbsp;24821514 |
| The Cooper Companies, Inc. (A) | &nbsp;&nbsp;40793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3343394 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;40665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3656597 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;244005412 |
| **Health care providers and services – 1.6%** | **Health care providers and services – 1.6%** |  |
| Cardinal Health, Inc. | &nbsp;&nbsp;48752 | &nbsp;&nbsp;&nbsp;&nbsp;10018536 |
| Cencora, Inc. | &nbsp;&nbsp;39781 | &nbsp;&nbsp;&nbsp;&nbsp;13436033 |
| Centene Corp. (A) | &nbsp;&nbsp;95810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3942582 |
| CVS Health Corp. | 260472 | &nbsp;&nbsp;&nbsp;&nbsp;20671058 |
| DaVita, Inc. (A) | &nbsp;&nbsp;&nbsp;7243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822877 |
| Elevance Health, Inc. | &nbsp;&nbsp;45601 | &nbsp;&nbsp;&nbsp;&nbsp;15985431 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;32776 | &nbsp;&nbsp;&nbsp;&nbsp;15301803 |
| Henry Schein, Inc. (A) | &nbsp;&nbsp;20533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551884 |
| Humana, Inc. | &nbsp;&nbsp;24679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6321032 |
| Labcorp Holdings, Inc. | &nbsp;&nbsp;17010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4267469 |
| McKesson Corp. | &nbsp;&nbsp;25326 | &nbsp;&nbsp;&nbsp;&nbsp;20774665 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;10547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1830326 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;22825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3960822 |
| The Cigna Group | &nbsp;&nbsp;54811 | &nbsp;&nbsp;&nbsp;&nbsp;15085632 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care providers and services (continued)** | **Health care providers and services (continued)** |  |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;185867 | $&nbsp;&nbsp;&nbsp;&nbsp;61356555 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;11333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2470821 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;197797526 |
| **Life sciences tools and services – 0.9%** | **Life sciences tools and services – 0.9%** |  |
| Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7915328 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880215 |
| Charles River Laboratories International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014349 |
| Danaher Corp. | &nbsp;&nbsp;128991 | &nbsp;&nbsp;&nbsp;&nbsp;29528620 |
| IQVIA Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;34943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7876502 |
| Mettler-Toledo International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5844444 |
| Revvity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250792 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77091 | &nbsp;&nbsp;&nbsp;&nbsp;44670380 |
| Waters Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;12216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4640003 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4061617 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;110682250 |
| **Pharmaceuticals – 3.3%** | **Pharmaceuticals – 3.3%** |  |
| Bristol-Myers Squibb Company | &nbsp;&nbsp;417711 | &nbsp;&nbsp;&nbsp;&nbsp;22531331 |
| Eli Lilly & Company | &nbsp;&nbsp;162944 | &nbsp;&nbsp;&nbsp;&nbsp;175112658 |
| Johnson & Johnson | &nbsp;&nbsp;494358 | &nbsp;&nbsp;&nbsp;&nbsp;102307388 |
| Merck & Company, Inc. | &nbsp;&nbsp;509280 | &nbsp;&nbsp;&nbsp;&nbsp;53606813 |
| Pfizer, Inc. | 1166640 | &nbsp;&nbsp;&nbsp;&nbsp;29049336 |
| Viatris, Inc. | &nbsp;&nbsp;236327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2942271 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;90424 | &nbsp;&nbsp;&nbsp;&nbsp;11377148 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;396926945 |
|  |  | 1149990427 |
| **Industrials – 8.0%** |  |  |
| **Aerospace and defense – 2.2%** | **Aerospace and defense – 2.2%** |  |
| Axon Enterprise, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;16191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9195355 |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52022 | &nbsp;&nbsp;&nbsp;&nbsp;17513727 |
| General Electric Company | &nbsp;&nbsp;216435 | &nbsp;&nbsp;&nbsp;&nbsp;66668473 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;82498 | &nbsp;&nbsp;&nbsp;&nbsp;16913740 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2738244 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38381 | &nbsp;&nbsp;&nbsp;&nbsp;11267510 |
| Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41782 | &nbsp;&nbsp;&nbsp;&nbsp;20208700 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27527 | &nbsp;&nbsp;&nbsp;&nbsp;15696171 |
| RTX Corp. | &nbsp;&nbsp;275109 | &nbsp;&nbsp;&nbsp;&nbsp;50454991 |
| Textron, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3151980 |
| The Boeing Company (A) | &nbsp;&nbsp;160672 | &nbsp;&nbsp;&nbsp;&nbsp;34885105 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11556 | &nbsp;&nbsp;&nbsp;&nbsp;15367747 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;264061743 |
| **Air freight and logistics – 0.3%** | **Air freight and logistics – 0.3%** |  |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3896822 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4097626 |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44542 | &nbsp;&nbsp;&nbsp;&nbsp;12866402 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;151631 | &nbsp;&nbsp;&nbsp;&nbsp;15040279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;35901129 |
| **Building products – 0.4%** | **Building products – 0.4%** |  |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1555763 |
| Allegion PLC | &nbsp;&nbsp;&nbsp;&nbsp;17653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2810711 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;22690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2334574 |
| Carrier Global Corp. | &nbsp;&nbsp;162442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8583435 |
| Johnson Controls International PLC | &nbsp;&nbsp;125397 | &nbsp;&nbsp;&nbsp;&nbsp;15016291 |
| Lennox International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3180063 |
| Masco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;42615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2704348 |
| Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp;45498 | &nbsp;&nbsp;&nbsp;&nbsp;17707822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;53893007 |
| **Commercial services and supplies – 0.4%** | **Commercial services and supplies – 0.4%** |  |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;70089 | &nbsp;&nbsp;&nbsp;&nbsp;13181638 |
| Copart, Inc. (A) | &nbsp;&nbsp;182701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7152744 |
| Republic Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8749954 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>5</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Commercial services and supplies (continued)** | **Commercial services and supplies (continued)** |  |
| Rollins, Inc. | &nbsp;&nbsp;60223 | $&nbsp;&nbsp;&nbsp;&nbsp;3614584 |
| Veralto Corp. | &nbsp;&nbsp;50948 | &nbsp;&nbsp;&nbsp;&nbsp;5083591 |
| Waste Management, Inc. | &nbsp;&nbsp;76050 | &nbsp;&nbsp;&nbsp;16708946 |
|  |  | &nbsp;&nbsp;&nbsp;54491457 |
| **Construction and engineering – 0.2%** | **Construction and engineering – 0.2%** |  |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;7221 | &nbsp;&nbsp;&nbsp;&nbsp;6739287 |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;9186 | &nbsp;&nbsp;&nbsp;&nbsp;5619903 |
| Quanta Services, Inc. | &nbsp;&nbsp;30597 | &nbsp;&nbsp;&nbsp;12913770 |
|  |  | &nbsp;&nbsp;&nbsp;25272960 |
| **Electrical equipment – 0.8%** | **Electrical equipment – 0.8%** |  |
| AMETEK, Inc. | &nbsp;&nbsp;47235 | &nbsp;&nbsp;&nbsp;&nbsp;9697818 |
| Eaton Corp. PLC | &nbsp;&nbsp;79695 | &nbsp;&nbsp;&nbsp;25383654 |
| Emerson Electric Company | 115274 | &nbsp;&nbsp;&nbsp;15299165 |
| GE Vernova, Inc. | &nbsp;&nbsp;55671 | &nbsp;&nbsp;&nbsp;36384895 |
| Generac Holdings, Inc. (A) | &nbsp;&nbsp;12041 | &nbsp;&nbsp;&nbsp;&nbsp;1642031 |
| Hubbell, Inc. | &nbsp;&nbsp;10905 | &nbsp;&nbsp;&nbsp;&nbsp;4843020 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;23037 | &nbsp;&nbsp;&nbsp;&nbsp;8963006 |
|  |  | 102213589 |
| **Ground transportation – 0.8%** | **Ground transportation – 0.8%** |  |
| CSX Corp. | 382087 | &nbsp;&nbsp;&nbsp;13850654 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;15435 | &nbsp;&nbsp;&nbsp;&nbsp;2999638 |
| Norfolk Southern Corp. | &nbsp;&nbsp;46042 | &nbsp;&nbsp;&nbsp;13293246 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;37756 | &nbsp;&nbsp;&nbsp;&nbsp;5920141 |
| Uber Technologies, Inc. (A) | 426345 | &nbsp;&nbsp;&nbsp;34836650 |
| Union Pacific Corp. | 121709 | &nbsp;&nbsp;&nbsp;28153726 |
|  |  | &nbsp;&nbsp;&nbsp;99054055 |
| **Industrial conglomerates – 0.4%** | **Industrial conglomerates – 0.4%** |  |
| 3M Company | 109001 | &nbsp;&nbsp;&nbsp;17451060 |
| Honeywell International, Inc. | 130271 | &nbsp;&nbsp;&nbsp;25414569 |
|  |  | &nbsp;&nbsp;&nbsp;42865629 |
| **Machinery – 1.6%** | **Machinery – 1.6%** |  |
| Caterpillar, Inc. | &nbsp;&nbsp;96024 | &nbsp;&nbsp;&nbsp;55009269 |
| Cummins, Inc. | &nbsp;&nbsp;28323 | &nbsp;&nbsp;&nbsp;14457475 |
| Deere & Company | &nbsp;&nbsp;51585 | &nbsp;&nbsp;&nbsp;24016428 |
| Dover Corp. | &nbsp;&nbsp;28142 | &nbsp;&nbsp;&nbsp;&nbsp;5494444 |
| Fortive Corp. | &nbsp;&nbsp;65170 | &nbsp;&nbsp;&nbsp;&nbsp;3598036 |
| IDEX Corp. | &nbsp;&nbsp;15358 | &nbsp;&nbsp;&nbsp;&nbsp;2732803 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;54167 | &nbsp;&nbsp;&nbsp;13341332 |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;73776 | &nbsp;&nbsp;&nbsp;&nbsp;5844535 |
| Nordson Corp. | &nbsp;&nbsp;10952 | &nbsp;&nbsp;&nbsp;&nbsp;2633189 |
| Otis Worldwide Corp. | &nbsp;&nbsp;79964 | &nbsp;&nbsp;&nbsp;&nbsp;6984855 |
| PACCAR, Inc. | 107765 | &nbsp;&nbsp;&nbsp;11801345 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;25892 | &nbsp;&nbsp;&nbsp;22758032 |
| Pentair PLC | &nbsp;&nbsp;33578 | &nbsp;&nbsp;&nbsp;&nbsp;3496813 |
| Snap-on, Inc. | &nbsp;&nbsp;10672 | &nbsp;&nbsp;&nbsp;&nbsp;3677571 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;31781 | &nbsp;&nbsp;&nbsp;&nbsp;2360693 |
| Wabtec Corp. | &nbsp;&nbsp;35078 | &nbsp;&nbsp;&nbsp;&nbsp;7487399 |
| Xylem, Inc. | &nbsp;&nbsp;49957 | &nbsp;&nbsp;&nbsp;&nbsp;6803144 |
|  |  | 192497363 |
| **Passenger airlines – 0.2%** | **Passenger airlines – 0.2%** |  |
| Delta Air Lines, Inc. | 133092 | &nbsp;&nbsp;&nbsp;&nbsp;9236585 |
| Southwest Airlines Company | 106114 | &nbsp;&nbsp;&nbsp;&nbsp;4385692 |
| United Airlines Holdings, Inc. (A) | &nbsp;&nbsp;66427 | &nbsp;&nbsp;&nbsp;&nbsp;7427867 |
|  |  | &nbsp;&nbsp;&nbsp;21050144 |
| **Professional services – 0.5%** | **Professional services – 0.5%** |  |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;82988 | &nbsp;&nbsp;&nbsp;21347003 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;23951 | &nbsp;&nbsp;&nbsp;&nbsp;5345145 |
| Dayforce, Inc. (A) | &nbsp;&nbsp;32837 | &nbsp;&nbsp;&nbsp;&nbsp;2271007 |
| Equifax, Inc. | &nbsp;&nbsp;25114 | &nbsp;&nbsp;&nbsp;&nbsp;5449236 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;24527 | &nbsp;&nbsp;&nbsp;&nbsp;3248846 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;26234 | &nbsp;&nbsp;&nbsp;&nbsp;4732614 |
| Paychex, Inc. | &nbsp;&nbsp;66461 | &nbsp;&nbsp;&nbsp;&nbsp;7455595 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** |  |
| Paycom Software, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1597903 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6396863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;57844212 |
| **Trading companies and distributors – 0.2%** | **Trading companies and distributors – 0.2%** |  |
| Fastenal Company | &nbsp;&nbsp;235561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9453063 |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13056 | &nbsp;&nbsp;&nbsp;&nbsp;10566482 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9057233 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;29076778 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;978222066 |
| **Information technology – 33.8%** |  |  |
| **Communications equipment – 0.9%** | **Communications equipment – 0.9%** |  |
| Arista Networks, Inc. (A) | &nbsp;&nbsp;211880 | &nbsp;&nbsp;&nbsp;&nbsp;27762636 |
| Cisco Systems, Inc. | &nbsp;&nbsp;808587 | &nbsp;&nbsp;&nbsp;&nbsp;62285457 |
| F5, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3021257 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34175 | &nbsp;&nbsp;&nbsp;&nbsp;13099961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;106169311 |
| **Electronic equipment, instruments and components – 0.7%** | **Electronic equipment, instruments and components – 0.7%** |  |
| Amphenol Corp., Class A | &nbsp;&nbsp;251161 | &nbsp;&nbsp;&nbsp;&nbsp;33941898 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3638447 |
| Corning, Inc. | &nbsp;&nbsp;160087 | &nbsp;&nbsp;&nbsp;&nbsp;14017218 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4998654 |
| Keysight Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;35262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7164886 |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;&nbsp;60364 | &nbsp;&nbsp;&nbsp;&nbsp;13733414 |
| Teledyne Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;9634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4920373 |
| Trimble, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;48818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3824890 |
| Zebra Technologies Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;10395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2524114 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;88763894 |
| **IT services – 1.0%** | **IT services – 1.0%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;127245 | &nbsp;&nbsp;&nbsp;&nbsp;34139834 |
| Akamai Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;29519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2575533 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;99033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8219739 |
| EPAM Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2322315 |
| Gartner, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;14789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3730969 |
| GoDaddy, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;27730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3440738 |
| IBM Corp. | &nbsp;&nbsp;191796 | &nbsp;&nbsp;&nbsp;&nbsp;56811893 |
| VeriSign, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4159061 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;115400082 |
| **Semiconductors and semiconductor equipment – 13.9%** | **Semiconductors and semiconductor equipment – 13.9%** |  |
| Advanced Micro Devices, Inc. (A) | &nbsp;&nbsp;334054 | &nbsp;&nbsp;&nbsp;&nbsp;71541005 |
| Analog Devices, Inc. | &nbsp;&nbsp;100943 | &nbsp;&nbsp;&nbsp;&nbsp;27375742 |
| Applied Materials, Inc. | &nbsp;&nbsp;163461 | &nbsp;&nbsp;&nbsp;&nbsp;42007842 |
| Broadcom, Inc. | &nbsp;&nbsp;968970 | &nbsp;&nbsp;&nbsp;&nbsp;335360517 |
| First Solar, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;22018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5751762 |
| Intel Corp. (A) | &nbsp;&nbsp;920020 | &nbsp;&nbsp;&nbsp;&nbsp;33948738 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26960 | &nbsp;&nbsp;&nbsp;&nbsp;32758557 |
| Lam Research Corp. | &nbsp;&nbsp;257721 | &nbsp;&nbsp;&nbsp;&nbsp;44116681 |
| Microchip Technology, Inc. | &nbsp;&nbsp;110893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7066102 |
| Micron Technology, Inc. | &nbsp;&nbsp;230316 | &nbsp;&nbsp;&nbsp;&nbsp;65734490 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8909519 |
| NVIDIA Corp. | 4986057 | &nbsp;&nbsp;&nbsp;&nbsp;929899631 |
| NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;&nbsp;51640 | &nbsp;&nbsp;&nbsp;&nbsp;11208978 |
| ON Semiconductor Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;82563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4470786 |
| Qnity Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3508827 |
| Qualcomm, Inc. | &nbsp;&nbsp;219756 | &nbsp;&nbsp;&nbsp;&nbsp;37589264 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1934449 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6219857 |
| Texas Instruments, Inc. | &nbsp;&nbsp;186438 | &nbsp;&nbsp;&nbsp;&nbsp;32345129 |
|  |  | 1701747876 |
| **Software – 10.1%** | **Software – 10.1%** |  |
| Adobe, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;85891 | &nbsp;&nbsp;&nbsp;&nbsp;30060991 |
| AppLovin Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;55541 | &nbsp;&nbsp;&nbsp;&nbsp;37424637 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>6</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Autodesk, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;43705 | $&nbsp;&nbsp;&nbsp;&nbsp;12937117 |
| Cadence Design Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;55852 | &nbsp;&nbsp;&nbsp;&nbsp;17458218 |
| Crowdstrike Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;51493 | &nbsp;&nbsp;&nbsp;&nbsp;24137859 |
| Datadog, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;66777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9081004 |
| Fair Isaac Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8224866 |
| Fortinet, Inc. (A) | &nbsp;&nbsp;129699 | &nbsp;&nbsp;&nbsp;&nbsp;10299398 |
| Gen Digital, Inc. | &nbsp;&nbsp;115156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3131092 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57207 | &nbsp;&nbsp;&nbsp;&nbsp;37895061 |
| Microsoft Corp. | 1525031 | &nbsp;&nbsp;&nbsp;&nbsp;737535492 |
| Oracle Corp. | &nbsp;&nbsp;345119 | &nbsp;&nbsp;&nbsp;&nbsp;67267144 |
| Palantir Technologies, Inc., Class A (A) | &nbsp;&nbsp;468717 | &nbsp;&nbsp;&nbsp;&nbsp;83314447 |
| Palo Alto Networks, Inc. (A) | &nbsp;&nbsp;140345 | &nbsp;&nbsp;&nbsp;&nbsp;25851549 |
| PTC, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;24580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4282082 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9831141 |
| Salesforce, Inc. | &nbsp;&nbsp;195338 | &nbsp;&nbsp;&nbsp;&nbsp;51746990 |
| ServiceNow, Inc. (A) | &nbsp;&nbsp;212865 | &nbsp;&nbsp;&nbsp;&nbsp;32608789 |
| Synopsys, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;38113 | &nbsp;&nbsp;&nbsp;&nbsp;17902438 |
| Tyler Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4007925 |
| Workday, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;44526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9563294 |
|  |  | 1234561534 |
| **Technology hardware, storage and peripherals – 7.2%** | **Technology hardware, storage and peripherals – 7.2%** |  |
| Apple, Inc. | 3031923 | &nbsp;&nbsp;&nbsp;&nbsp;824258587 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;61843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7784797 |
| Hewlett Packard Enterprise Company | &nbsp;&nbsp;270711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6502478 |
| HP, Inc. | &nbsp;&nbsp;191790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4273081 |
| NetApp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4386299 |
| Sandisk Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;28567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6781234 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;44705 | &nbsp;&nbsp;&nbsp;&nbsp;12311310 |
| Super Micro Computer, Inc. (A) | &nbsp;&nbsp;102893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3011678 |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;70153 | &nbsp;&nbsp;&nbsp;&nbsp;12085257 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;881394721 |
|  |  | 4128037418 |
| **Materials – 1.8%** |  |  |
| **Chemicals – 0.9%** | **Chemicals – 0.9%** |  |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45665 | &nbsp;&nbsp;&nbsp;&nbsp;11280168 |
| Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3415776 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2475267 |
| Corteva, Inc. | &nbsp;&nbsp;138652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9293844 |
| Dow, Inc. | &nbsp;&nbsp;145842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3409786 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3455914 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52305 | &nbsp;&nbsp;&nbsp;&nbsp;13731109 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3541210 |
| Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;95812 | &nbsp;&nbsp;&nbsp;&nbsp;40853279 |
| LyondellBasell Industries NV, Class A | &nbsp;&nbsp;&nbsp;&nbsp;52835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2287756 |
| PPG Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4717771 |
| The Mosaic Company | &nbsp;&nbsp;&nbsp;&nbsp;65130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1568982 |
| The Sherwin-Williams Company | &nbsp;&nbsp;&nbsp;&nbsp;47304 | &nbsp;&nbsp;&nbsp;&nbsp;15327915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;115358777 |
| **Construction materials – 0.3%** | **Construction materials – 0.3%** |  |
| CRH PLC | &nbsp;&nbsp;137531 | &nbsp;&nbsp;&nbsp;&nbsp;17163869 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7704795 |
| Vulcan Materials Company | &nbsp;&nbsp;&nbsp;&nbsp;27112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7732885 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;32601549 |
| **Containers and packaging – 0.2%** | **Containers and packaging – 0.2%** |  |
| Amcor PLC | &nbsp;&nbsp;473656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3950291 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;15860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2884617 |
| Ball Corp. | &nbsp;&nbsp;&nbsp;&nbsp;54986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2912608 |
| International Paper Company | &nbsp;&nbsp;108348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4267828 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;18338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3781846 |
| Smurfit WestRock PLC | &nbsp;&nbsp;107147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4143374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;21940564 |
| **Metals and mining – 0.4%** | **Metals and mining – 0.4%** |  |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;294635 | &nbsp;&nbsp;&nbsp;&nbsp;14964512 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** |  |
| Newmont Corp. | 223913 | $&nbsp;&nbsp;&nbsp;22357713 |
| Nucor Corp. | &nbsp;&nbsp;46959 | &nbsp;&nbsp;&nbsp;&nbsp;7659482 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;28167 | &nbsp;&nbsp;&nbsp;&nbsp;4772898 |
|  |  | &nbsp;&nbsp;&nbsp;49754605 |
|  |  | 219655495 |
| **Real estate – 1.8%** |  |  |
| **Health care REITs – 0.3%** | **Health care REITs – 0.3%** |  |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;31915 | &nbsp;&nbsp;&nbsp;&nbsp;1561920 |
| Healthpeak Properties, Inc. | 142593 | &nbsp;&nbsp;&nbsp;&nbsp;2292895 |
| Ventas, Inc. | &nbsp;&nbsp;96383 | &nbsp;&nbsp;&nbsp;&nbsp;7458117 |
| Welltower, Inc. | 140826 | &nbsp;&nbsp;&nbsp;26138714 |
|  |  | &nbsp;&nbsp;&nbsp;37451646 |
| **Hotel and resort REITs – 0.0%** | **Hotel and resort REITs – 0.0%** |  |
| Host Hotels & Resorts, Inc. | 131230 | &nbsp;&nbsp;&nbsp;&nbsp;2326708 |
| **Industrial REITs – 0.2%** | **Industrial REITs – 0.2%** |  |
| Prologis, Inc. | 190591 | &nbsp;&nbsp;&nbsp;24330847 |
| **Office REITs – 0.0%** | **Office REITs – 0.0%** |  |
| BXP, Inc. | &nbsp;&nbsp;30239 | &nbsp;&nbsp;&nbsp;&nbsp;2040528 |
| **Real estate management and development – 0.1%** | **Real estate management and development – 0.1%** |  |
| CBRE Group, Inc., Class A (A) | &nbsp;&nbsp;60148 | &nbsp;&nbsp;&nbsp;&nbsp;9671197 |
| CoStar Group, Inc. (A) | &nbsp;&nbsp;86964 | &nbsp;&nbsp;&nbsp;&nbsp;5847459 |
|  |  | &nbsp;&nbsp;&nbsp;15518656 |
| **Residential REITs – 0.2%** | **Residential REITs – 0.2%** |  |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;29018 | &nbsp;&nbsp;&nbsp;&nbsp;5261254 |
| Camden Property Trust | &nbsp;&nbsp;21831 | &nbsp;&nbsp;&nbsp;&nbsp;2403156 |
| Equity Residential | &nbsp;&nbsp;71043 | &nbsp;&nbsp;&nbsp;&nbsp;4478551 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;13215 | &nbsp;&nbsp;&nbsp;&nbsp;3458101 |
| Invitation Homes, Inc. | 115721 | &nbsp;&nbsp;&nbsp;&nbsp;3215887 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;24024 | &nbsp;&nbsp;&nbsp;&nbsp;3337174 |
| UDR, Inc. | &nbsp;&nbsp;61708 | &nbsp;&nbsp;&nbsp;&nbsp;2263449 |
|  |  | &nbsp;&nbsp;&nbsp;24417572 |
| **Retail REITs – 0.3%** | **Retail REITs – 0.3%** |  |
| Federal Realty Investment Trust | &nbsp;&nbsp;16108 | &nbsp;&nbsp;&nbsp;&nbsp;1623686 |
| Kimco Realty Corp. | 138959 | &nbsp;&nbsp;&nbsp;&nbsp;2816699 |
| Realty Income Corp. | 188756 | &nbsp;&nbsp;&nbsp;10640176 |
| Regency Centers Corp. | &nbsp;&nbsp;33777 | &nbsp;&nbsp;&nbsp;&nbsp;2331626 |
| Simon Property Group, Inc. | &nbsp;&nbsp;66986 | &nbsp;&nbsp;&nbsp;12399778 |
|  |  | &nbsp;&nbsp;&nbsp;29811965 |
| **Specialized REITs – 0.7%** | **Specialized REITs – 0.7%** |  |
| American Tower Corp. | &nbsp;&nbsp;96058 | &nbsp;&nbsp;&nbsp;16864903 |
| Crown Castle, Inc. | &nbsp;&nbsp;89354 | &nbsp;&nbsp;&nbsp;&nbsp;7940890 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;66253 | &nbsp;&nbsp;&nbsp;10250002 |
| Equinix, Inc. | &nbsp;&nbsp;20147 | &nbsp;&nbsp;&nbsp;15435826 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;43551 | &nbsp;&nbsp;&nbsp;&nbsp;5671211 |
| Iron Mountain, Inc. | &nbsp;&nbsp;60651 | &nbsp;&nbsp;&nbsp;&nbsp;5031000 |
| Public Storage | &nbsp;&nbsp;32402 | &nbsp;&nbsp;&nbsp;&nbsp;8408319 |
| SBA Communications Corp. | &nbsp;&nbsp;21862 | &nbsp;&nbsp;&nbsp;&nbsp;4228767 |
| VICI Properties, Inc. | 219317 | &nbsp;&nbsp;&nbsp;&nbsp;6167194 |
| Weyerhaeuser Company | 147912 | &nbsp;&nbsp;&nbsp;&nbsp;3504035 |
|  |  | &nbsp;&nbsp;&nbsp;83502147 |
|  |  | 219400069 |
| **Utilities – 2.2%** |  |  |
| **Electric utilities – 1.5%** | **Electric utilities – 1.5%** |  |
| Alliant Energy Corp. | &nbsp;&nbsp;52746 | &nbsp;&nbsp;&nbsp;&nbsp;3429017 |
| American Electric Power Company, Inc. | 109831 | &nbsp;&nbsp;&nbsp;12664613 |
| Constellation Energy Corp. | &nbsp;&nbsp;64078 | &nbsp;&nbsp;&nbsp;22636835 |
| Duke Energy Corp. | 159567 | &nbsp;&nbsp;&nbsp;18702848 |
| Edison International | &nbsp;&nbsp;78953 | &nbsp;&nbsp;&nbsp;&nbsp;4738759 |
| Entergy Corp. | &nbsp;&nbsp;91638 | &nbsp;&nbsp;&nbsp;&nbsp;8470100 |
| Evergy, Inc. | &nbsp;&nbsp;47238 | &nbsp;&nbsp;&nbsp;&nbsp;3424283 |
| Eversource Energy | &nbsp;&nbsp;76984 | &nbsp;&nbsp;&nbsp;&nbsp;5183333 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>7</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### 500 Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electric utilities (continued)** | **Electric utilities (continued)** |  |
| Exelon Corp. | 207297 | $&nbsp;&nbsp;&nbsp;&nbsp;9036076 |
| FirstEnergy Corp. | 106684 | &nbsp;&nbsp;&nbsp;&nbsp;4776243 |
| NextEra Energy, Inc. | 427325 | &nbsp;&nbsp;&nbsp;34305651 |
| NRG Energy, Inc. | &nbsp;&nbsp;39322 | &nbsp;&nbsp;&nbsp;&nbsp;6261635 |
| PG&E Corp. | 450985 | &nbsp;&nbsp;&nbsp;&nbsp;7247329 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;24558 | &nbsp;&nbsp;&nbsp;&nbsp;2178295 |
| PPL Corp. | 151782 | &nbsp;&nbsp;&nbsp;&nbsp;5315406 |
| The Southern Company | 225933 | &nbsp;&nbsp;&nbsp;19701358 |
| Xcel Energy, Inc. | 121375 | &nbsp;&nbsp;&nbsp;&nbsp;8964758 |
|  |  | 177036539 |
| **Gas utilities – 0.0%** | **Gas utilities – 0.0%** |  |
| Atmos Energy Corp. | &nbsp;&nbsp;32938 | &nbsp;&nbsp;&nbsp;&nbsp;5521397 |
| **Independent power and renewable electricity producers –<br> 0.1%** | **Independent power and renewable electricity producers –<br> 0.1%** |  |
| The AES Corp. | 146117 | &nbsp;&nbsp;&nbsp;&nbsp;2095318 |
| Vistra Corp. | &nbsp;&nbsp;65351 | &nbsp;&nbsp;&nbsp;10543077 |
|  |  | &nbsp;&nbsp;&nbsp;12638395 |
| **Multi-utilities – 0.6%** | **Multi-utilities – 0.6%** |  |
| Ameren Corp. | &nbsp;&nbsp;55501 | &nbsp;&nbsp;&nbsp;&nbsp;5542330 |
| CenterPoint Energy, Inc. | 133956 | &nbsp;&nbsp;&nbsp;&nbsp;5135873 |
| CMS Energy Corp. | &nbsp;&nbsp;62442 | &nbsp;&nbsp;&nbsp;&nbsp;4366569 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;74060 | &nbsp;&nbsp;&nbsp;&nbsp;7355639 |
| Dominion Energy, Inc. | 175208 | &nbsp;&nbsp;&nbsp;10265437 |
| DTE Energy Company | &nbsp;&nbsp;42614 | &nbsp;&nbsp;&nbsp;&nbsp;5496354 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Multi-utilities (continued)** | **Multi-utilities (continued)** |  |
| NiSource, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97916 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4088972 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;102421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8224406 |
| Sempra | &nbsp;&nbsp;&nbsp;&nbsp;133922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11823973 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7039033 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69338586 |
| **Water utilities – 0.0%** | **Water utilities – 0.0%** |  |
| American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5224829 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;269759746 |
| TOTAL COMMON STOCKS (Cost $3,564,119,122) | TOTAL COMMON STOCKS (Cost $3,564,119,122) | $11990744488 |
| **SHORT-TERM INVESTMENTS – 2.0%** | **SHORT-TERM INVESTMENTS – 2.0%** |  |
| **Short-term funds – 2.0%** |  |  |
| John Hancock Collateral Trust, 3.7477% (B)(C) | 24251914 | &nbsp;&nbsp;&nbsp;&nbsp;242620997 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $242,613,465) | TOTAL SHORT-TERM INVESTMENTS (Cost $242,613,465) | $&nbsp;&nbsp;&nbsp;&nbsp;242620997 |
| **Total Investments (500 Index Trust)<br> (Cost $3,806,732,587) – 100.1%** | **Total Investments (500 Index Trust)<br> (Cost $3,806,732,587) – 100.1%** | $**12233365485** |
| **Other assets and liabilities, net – (0.1%)** | **Other assets and liabilities, net – (0.1%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6803301)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**12226562184** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (C) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| S&P 500 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$241111782 | &nbsp;&nbsp;&nbsp;&nbsp;$240203625 | &nbsp;&nbsp;&nbsp;&nbsp;$(908157) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$(908157)** |

---

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

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

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

#### American Asset Allocation Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **INVESTMENT COMPANIES - 100.0%** | **INVESTMENT COMPANIES - 100.0%** |  |
| **American Funds Insurance Series - 100.0%** | **American Funds Insurance Series - 100.0%** |  |
| American Asset Allocation Fund - Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;44413358 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221811478 |
| TOTAL INVESTMENT COMPANIES (Cost $1,034,195,067) | TOTAL INVESTMENT COMPANIES (Cost $1,034,195,067) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221811478 |
| **Total Investments (American Asset Allocation Trust) (Cost $1,034,195,067) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1221811478** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17461)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1221794017** |

---

#### American Global Growth Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **INVESTMENT COMPANIES - 100.0%** | **INVESTMENT COMPANIES - 100.0%** |  |
| **American Funds Insurance Series - 100.0%** | **American Funds Insurance Series - 100.0%** |  |
| American Global Growth Fund - Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5332537 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206849099 |
| TOTAL INVESTMENT COMPANIES (Cost $175,497,814) | TOTAL INVESTMENT COMPANIES (Cost $175,497,814) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206849099 |
| **Total Investments (American Global Growth Trust) (Cost $175,497,814) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**206849099** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(27139)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**206821960** |

---

**The accompanying notes are an integral part of the financial statements.** <sub>8</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### American Growth Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **INVESTMENT COMPANIES - 100.0%** | **INVESTMENT COMPANIES - 100.0%** |  |
| **American Funds Insurance Series - 100.0%** | **American Funds Insurance Series - 100.0%** |  |
| American Growth Fund - Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7787972 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098571337 |
| TOTAL INVESTMENT COMPANIES (Cost $724,585,775) | TOTAL INVESTMENT COMPANIES (Cost $724,585,775) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098571337 |
| **Total Investments (American Growth Trust) (Cost $724,585,775) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1098571337** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(21847)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1098549490** |

---

#### American Growth-Income Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **INVESTMENT COMPANIES - 100.0%** | **INVESTMENT COMPANIES - 100.0%** |  |
| **American Funds Insurance Series - 100.0%** | **American Funds Insurance Series - 100.0%** |  |
| American Growth-Income Fund - Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;14802367 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1002564328 |
| TOTAL INVESTMENT COMPANIES (Cost $781,957,747) | TOTAL INVESTMENT COMPANIES (Cost $781,957,747) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1002564328 |
| **Total Investments (American Growth-Income Trust) (Cost $781,957,747) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1002564328** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(24138)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1002540190** |

---

#### American International Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **INVESTMENT COMPANIES - 100.0%** | **INVESTMENT COMPANIES - 100.0%** |  |
| **American Funds Insurance Series - 100.0%** | **American Funds Insurance Series - 100.0%** |  |
| American International Fund - Class 1 (A) | &nbsp;&nbsp;&nbsp;&nbsp;17386286 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388235761 |
| TOTAL INVESTMENT COMPANIES (Cost $322,189,863) | TOTAL INVESTMENT COMPANIES (Cost $322,189,863) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388235761 |
| **Total Investments (American International Trust) (Cost $322,189,863) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**388235761** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(176085)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**388059676** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | The portfolio owns 5% or more of the outstanding voting shares of the issuer and the security is considered an affiliate of the portfolio. For more information on this security refer to the Notes to financial statements. |

---

#### Blue Chip Growth Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 99.6%** | **COMMON STOCKS – 99.6%** |  |
| **Communication services – 14.9%** |  |  |
| **Entertainment – 2.0%** | **Entertainment – 2.0%** |  |
| Netflix, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469268 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43998568 |
| **Interactive media and services – 12.0%** | **Interactive media and services – 12.0%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33584587 |
| Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124349840 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106077783 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264012210 |
| **Wireless telecommunication services – 0.9%** | **Wireless telecommunication services – 0.9%** |  |
| T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19040685 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327051463 |

---

#### Blue Chip Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer discretionary – 16.7%** |  |  |
| **Automobiles – 3.0%** | **Automobiles – 3.0%** |  |
| Tesla, Inc. (A) | 143915 | $&nbsp;&nbsp;&nbsp;64721454 |
| **Broadline retail – 6.9%** | **Broadline retail – 6.9%** |  |
| Amazon.com, Inc. (A) | 613657 | 141644309 |
| Sea, Ltd., ADR (A) | &nbsp;&nbsp;79563 | &nbsp;&nbsp;&nbsp;10149852 |
|  |  | 151794161 |
| **Hotels, restaurants and leisure – 1.8%** | **Hotels, restaurants and leisure – 1.8%** |  |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;3809 | &nbsp;&nbsp;&nbsp;20398452 |
| Chipotle Mexican Grill, Inc. (A) | 259970 | &nbsp;&nbsp;&nbsp;&nbsp;9618890 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;45490 | &nbsp;&nbsp;&nbsp;10302575 |
|  |  | &nbsp;&nbsp;&nbsp;40319917 |
| **Specialty retail – 5.0%** | **Specialty retail – 5.0%** |  |
| Carvana Company (A) | 211220 | &nbsp;&nbsp;&nbsp;89139064 |
| Ross Stores, Inc. | &nbsp;&nbsp;52501 | &nbsp;&nbsp;&nbsp;&nbsp;9457530 |
| The TJX Companies, Inc. | &nbsp;&nbsp;69212 | &nbsp;&nbsp;&nbsp;10631655 |
|  |  | 109228249 |
|  |  | 366063781 |
| **Consumer staples – 0.7%** |  |  |
| **Food products – 0.2%** | **Food products – 0.2%** |  |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;63320 | &nbsp;&nbsp;&nbsp;&nbsp;3408516 |
| **Household products – 0.5%** | **Household products – 0.5%** |  |
| Colgate-Palmolive Company | &nbsp;&nbsp;78666 | &nbsp;&nbsp;&nbsp;&nbsp;6216187 |
| The Procter & Gamble Company | &nbsp;&nbsp;34183 | &nbsp;&nbsp;&nbsp;&nbsp;4898766 |
|  |  | &nbsp;&nbsp;&nbsp;11114953 |
|  |  | &nbsp;&nbsp;&nbsp;14523469 |
| **Financials – 8.1%** |  |  |
| **Capital markets – 1.5%** | **Capital markets – 1.5%** |  |
| Moody's Corp. | &nbsp;&nbsp;13573 | &nbsp;&nbsp;&nbsp;&nbsp;6933767 |
| Morgan Stanley | &nbsp;&nbsp;55647 | &nbsp;&nbsp;&nbsp;&nbsp;9879012 |
| The Charles Schwab Corp. | &nbsp;&nbsp;67278 | &nbsp;&nbsp;&nbsp;&nbsp;6721745 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;10173 | &nbsp;&nbsp;&nbsp;&nbsp;8942067 |
|  |  | &nbsp;&nbsp;&nbsp;32476591 |
| **Financial services – 5.4%** | **Financial services – 5.4%** |  |
| Adyen NV (A)(B) | &nbsp;&nbsp;&nbsp;2252 | &nbsp;&nbsp;&nbsp;&nbsp;3631518 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;87227 | &nbsp;&nbsp;&nbsp;49796150 |
| Visa, Inc., Class A | 183806 | &nbsp;&nbsp;&nbsp;64462602 |
|  |  | 117890270 |
| **Insurance – 1.2%** | **Insurance – 1.2%** |  |
| Chubb, Ltd. | &nbsp;&nbsp;62961 | &nbsp;&nbsp;&nbsp;19651387 |
| Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;35436 | &nbsp;&nbsp;&nbsp;&nbsp;6574087 |
|  |  | &nbsp;&nbsp;&nbsp;26225474 |
|  |  | 176592335 |
| **Health care – 7.0%** |  |  |
| **Health care equipment and supplies – 2.0%** | **Health care equipment and supplies – 2.0%** |  |
| Intuitive Surgical, Inc. (A) | &nbsp;&nbsp;56007 | &nbsp;&nbsp;&nbsp;31720125 |
| Medline, Inc., Class A (A) | &nbsp;&nbsp;46022 | &nbsp;&nbsp;&nbsp;&nbsp;1932924 |
| Stryker Corp. | &nbsp;&nbsp;27216 | &nbsp;&nbsp;&nbsp;&nbsp;9565608 |
|  |  | &nbsp;&nbsp;&nbsp;43218657 |
| **Health care providers and services – 0.7%** | **Health care providers and services – 0.7%** |  |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;44770 | &nbsp;&nbsp;&nbsp;14779025 |
| **Life sciences tools and services – 1.2%** | **Life sciences tools and services – 1.2%** |  |
| Danaher Corp. | &nbsp;&nbsp;53591 | &nbsp;&nbsp;&nbsp;12268052 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;22629 | &nbsp;&nbsp;&nbsp;13112374 |
|  |  | &nbsp;&nbsp;&nbsp;25380426 |
| **Pharmaceuticals – 3.1%** | **Pharmaceuticals – 3.1%** |  |
| Eli Lilly & Company | &nbsp;&nbsp;64365 | &nbsp;&nbsp;&nbsp;69171778 |
|  |  | 152549886 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>9</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Blue Chip Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Industrials – 3.2%** |  |  |
| **Aerospace and defense – 2.0%** | **Aerospace and defense – 2.0%** |  |
| General Electric Company | &nbsp;&nbsp;129125 | $&nbsp;&nbsp;&nbsp;&nbsp;39774374 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5270196 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;45044570 |
| **Commercial services and supplies – 0.3%** | **Commercial services and supplies – 0.3%** |  |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4791836 |
| Veralto Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133301 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5925137 |
| **Electrical equipment – 0.7%** | **Electrical equipment – 0.7%** |  |
| GE Vernova, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22875 | &nbsp;&nbsp;&nbsp;&nbsp;14950414 |
| **Ground transportation – 0.2%** | **Ground transportation – 0.2%** |  |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4338029 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;70258150 |
| **Information technology – 47.9%** |  |  |
| **Electronic equipment, instruments and components – 0.5%** | **Electronic equipment, instruments and components – 0.5%** |  |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;&nbsp;44938 | &nbsp;&nbsp;&nbsp;&nbsp;10223844 |
| **IT services – 0.9%** | **IT services – 0.9%** |  |
| Shopify, Inc., Class A (A) | &nbsp;&nbsp;130039 | &nbsp;&nbsp;&nbsp;&nbsp;20932378 |
| **Semiconductors and semiconductor equipment – 21.3%** | **Semiconductors and semiconductor equipment – 21.3%** |  |
| ASML Holding NV, NYRS | &nbsp;&nbsp;&nbsp;&nbsp;17078 | &nbsp;&nbsp;&nbsp;&nbsp;18271069 |
| Broadcom, Inc. | &nbsp;&nbsp;310466 | &nbsp;&nbsp;&nbsp;&nbsp;107452283 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11721 | &nbsp;&nbsp;&nbsp;&nbsp;10623446 |
| NVIDIA Corp. | 1674140 | &nbsp;&nbsp;&nbsp;&nbsp;312227105 |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;42814 | &nbsp;&nbsp;&nbsp;&nbsp;13010746 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5313999 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;466898648 |
| **Software – 16.2%** | **Software – 16.2%** |  |
| Crowdstrike Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;18605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8721280 |
| Datadog, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;23659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3217387 |
| Microsoft Corp. | &nbsp;&nbsp;539843 | &nbsp;&nbsp;&nbsp;&nbsp;261078872 |
| Oracle Corp. | &nbsp;&nbsp;120212 | &nbsp;&nbsp;&nbsp;&nbsp;23430521 |
| Palantir Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;39356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6995529 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8007889 |
| ServiceNow, Inc. (A) | &nbsp;&nbsp;209078 | &nbsp;&nbsp;&nbsp;&nbsp;32028659 |
| Synopsys, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;23487 | &nbsp;&nbsp;&nbsp;&nbsp;11032314 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;354512451 |
| **Technology hardware, storage and peripherals – 9.0%** | **Technology hardware, storage and peripherals – 9.0%** |  |
| Apple, Inc. (C) | &nbsp;&nbsp;730422 | &nbsp;&nbsp;&nbsp;&nbsp;198572525 |
|  |  | 1051139846 |
| **Materials – 0.6%** |  |  |
| **Chemicals – 0.6%** | **Chemicals – 0.6%** |  |
| Linde PLC | &nbsp;&nbsp;&nbsp;&nbsp;15527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6620558 |
| The Sherwin-Williams Company | &nbsp;&nbsp;&nbsp;&nbsp;22330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7235590 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13856148 |
| **Utilities – 0.5%** |  |  |
| **Electric utilities – 0.5%** | **Electric utilities – 0.5%** |  |
| Constellation Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;33263 | &nbsp;&nbsp;&nbsp;&nbsp;11750820 |
| TOTAL COMMON STOCKS (Cost $1,178,530,087) | TOTAL COMMON STOCKS (Cost $1,178,530,087) | $2183785898 |
| **CORPORATE BONDS - 0.2%** |  |  |
| **Consumer discretionary - 0.2%** |  |  |
| Carvana Company |  |  |
| &nbsp;&nbsp;&nbsp;9.000%, (9.000% Cash or 13.000% PIK), 06/01/2030 (B) | $1366094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1431851 |
| &nbsp;&nbsp;&nbsp;9.000%, (9.000% Cash or 14.000% PIK), 06/01/2031 (B) | 1867446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107280 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3539131 |
| TOTAL CORPORATE BONDS (Cost $3,553,398) | TOTAL CORPORATE BONDS (Cost $3,553,398) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3539131 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 0.2%** | **SHORT-TERM INVESTMENTS – 0.2%** |  |
| **Short-term funds – 0.2%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (D) | &nbsp;&nbsp;386167 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386167 |
| T. Rowe Price Government Reserve Fund, 3.7374% (D) | 4840783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4840783 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $5,226,950) | TOTAL SHORT-TERM INVESTMENTS (Cost $5,226,950) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5226950 |
| **Total Investments (Blue Chip Growth Trust)<br> (Cost $1,187,310,435) – 100.0%** | **Total Investments (Blue Chip Growth Trust)<br> (Cost $1,187,310,435) – 100.0%** | $**2192551979** |
| **Other assets and liabilities, net – 0.0%** | **Other assets and liabilities, net – 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**763309** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**2193315288** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| NYRS | New York Registry Shares |
| 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. |
| (A) | Non-income producing security. |
| (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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | The rate shown is the annualized seven-day yield as of 12-31-25. |

---

#### Capital Appreciation Value Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 64.0%** | **COMMON STOCKS – 64.0%** |  |
| **Communication services – 5.6%** |  |  |
| **Interactive media and services – 5.6%** | **Interactive media and services – 5.6%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61254 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19172502 |
| Meta Platforms, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8489417 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27661919 |
| **Consumer discretionary – 6.4%** |  |  |
| **Broadline retail – 3.7%** | **Broadline retail – 3.7%** |  |
| Amazon.com, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17990572 |
| **Hotels, restaurants and leisure – 2.7%** | **Hotels, restaurants and leisure – 2.7%** |  |
| DoorDash, Inc., Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400190 |
| Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7285681 |
| Yum! Brands, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5772240 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13458111 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31448683 |
| **Consumer staples – 0.7%** |  |  |
| **Beverages – 0.7%** | **Beverages – 0.7%** |  |
| Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3215548 |
| **Energy – 1.1%** |  |  |
| **Oil, gas and consumable fuels – 1.1%** | **Oil, gas and consumable fuels – 1.1%** |  |
| Canadian Natural Resources, Ltd. (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5198378 |
| **Financials – 7.4%** |  |  |
| **Capital markets – 1.7%** | **Capital markets – 1.7%** |  |
| KKR & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5264669 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3295453 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8560122 |
| **Financial services – 2.5%** | **Financial services – 2.5%** |  |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6436672 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>10</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Capital Appreciation Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Financial services (continued)** | **Financial services (continued)** |  |
| Visa, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;17093 | $&nbsp;&nbsp;&nbsp;&nbsp;5994686 |
|  |  | &nbsp;&nbsp;&nbsp;12431358 |
| **Insurance – 3.2%** | **Insurance – 3.2%** |  |
| Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp;&nbsp;32923 | &nbsp;&nbsp;&nbsp;&nbsp;8520143 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24631 | &nbsp;&nbsp;&nbsp;&nbsp;1271699 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp;&nbsp;17499 | &nbsp;&nbsp;&nbsp;&nbsp;5750171 |
|  |  | &nbsp;&nbsp;&nbsp;15542013 |
|  |  | &nbsp;&nbsp;&nbsp;36533493 |
| **Health care – 13.2%** |  |  |
| **Biotechnology – 1.1%** | **Biotechnology – 1.1%** |  |
| Apogee Therapeutics, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;8959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676225 |
| Arcellx, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;21201 | &nbsp;&nbsp;&nbsp;&nbsp;1382305 |
| BioNTech SE, ADR (B) | &nbsp;&nbsp;&nbsp;&nbsp;11099 | &nbsp;&nbsp;&nbsp;&nbsp;1056625 |
| Cytokinetics, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;26366 | &nbsp;&nbsp;&nbsp;&nbsp;1675296 |
| Vaxcyte, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;14972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690808 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5481259 |
| **Health care equipment and supplies – 4.9%** | **Health care equipment and supplies – 4.9%** |  |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;80037 | &nbsp;&nbsp;&nbsp;10027836 |
| Becton, Dickinson and Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;66787 | &nbsp;&nbsp;&nbsp;12961353 |
| Medline, Inc., Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;31481 | &nbsp;&nbsp;&nbsp;&nbsp;1322202 |
|  |  | &nbsp;&nbsp;&nbsp;24311391 |
| **Health care providers and services – 3.1%** | **Health care providers and services – 3.1%** |  |
| Cencora, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19847 | &nbsp;&nbsp;&nbsp;&nbsp;6703324 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3056 | &nbsp;&nbsp;&nbsp;&nbsp;2506806 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18088 | &nbsp;&nbsp;&nbsp;&nbsp;5971030 |
|  |  | &nbsp;&nbsp;&nbsp;15181160 |
| **Life sciences tools and services – 3.0%** | **Life sciences tools and services – 3.0%** |  |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5010 | &nbsp;&nbsp;&nbsp;&nbsp;1146889 |
| Revvity, Inc. | &nbsp;&nbsp;104463 | &nbsp;&nbsp;&nbsp;10106795 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5890 | &nbsp;&nbsp;&nbsp;&nbsp;3412961 |
|  |  | &nbsp;&nbsp;&nbsp;14666645 |
| **Pharmaceuticals – 1.1%** | **Pharmaceuticals – 1.1%** |  |
| Eli Lilly & Company | &nbsp;&nbsp;&nbsp;&nbsp;4906 | &nbsp;&nbsp;&nbsp;&nbsp;5272380 |
|  |  | &nbsp;&nbsp;&nbsp;64912835 |
| **Industrials – 1.1%** |  |  |
| **Machinery – 1.1%** | **Machinery – 1.1%** |  |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64647 | &nbsp;&nbsp;&nbsp;&nbsp;5121335 |
| **Information technology – 21.8%** |  |  |
| **Electronic equipment, instruments and components – 0.8%** | **Electronic equipment, instruments and components – 0.8%** |  |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;29053 | &nbsp;&nbsp;&nbsp;&nbsp;3926222 |
| **Semiconductors and semiconductor equipment – 8.3%** | **Semiconductors and semiconductor equipment – 8.3%** |  |
| Advanced Micro Devices, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;38287 | &nbsp;&nbsp;&nbsp;&nbsp;8199544 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23368 | &nbsp;&nbsp;&nbsp;&nbsp;8087665 |
| NVIDIA Corp. (A) | &nbsp;&nbsp;116448 | &nbsp;&nbsp;&nbsp;21717552 |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;2735010 |
|  |  | &nbsp;&nbsp;&nbsp;40739771 |
| **Software – 8.7%** | **Software – 8.7%** |  |
| Aurora Innovation, Inc. (B)(C) | 1152050 | &nbsp;&nbsp;&nbsp;&nbsp;4423872 |
| Microsoft Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;47390 | &nbsp;&nbsp;&nbsp;22918749 |
| PTC, Inc. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;51779 | &nbsp;&nbsp;&nbsp;&nbsp;9020420 |
| Roper Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4072 | &nbsp;&nbsp;&nbsp;&nbsp;1812569 |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7298 | &nbsp;&nbsp;&nbsp;&nbsp;1933313 |
| Workday, Inc., Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;12354 | &nbsp;&nbsp;&nbsp;&nbsp;2653392 |
|  |  | &nbsp;&nbsp;&nbsp;42762315 |
| **Technology hardware, storage and peripherals – 4.0%** | **Technology hardware, storage and peripherals – 4.0%** |  |
| Apple, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;72729 | &nbsp;&nbsp;&nbsp;19772105 |
|  |  | 107200413 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Utilities – 6.7%** |  |  |
| **Electric utilities – 1.3%** | **Electric utilities – 1.3%** |  |
| PPL Corp. | &nbsp;&nbsp;&nbsp;&nbsp;177872 | $&nbsp;&nbsp;&nbsp;&nbsp;6229077 |
| **Multi-utilities – 5.4%** | **Multi-utilities – 5.4%** |  |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;69937 | &nbsp;&nbsp;&nbsp;&nbsp;6983909 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;266552 | &nbsp;&nbsp;&nbsp;10219604 |
| NiSource, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;228022 | &nbsp;&nbsp;&nbsp;&nbsp;9522199 |
|  |  | &nbsp;&nbsp;&nbsp;26725712 |
|  |  | &nbsp;&nbsp;&nbsp;32954789 |
| TOTAL COMMON STOCKS (Cost $289,264,082) | TOTAL COMMON STOCKS (Cost $289,264,082) | $314247393 |
| **PREFERRED SECURITIES – 0.0%** |  |  |
| **Financials – 0.0%** |  |  |
| **Capital markets – 0.0%** | **Capital markets – 0.0%** |  |
| KKR & Company, Inc., 6.250% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247640 |
| **Utilities – 0.0%** |  |  |
| **Multi-utilities – 0.0%** | **Multi-utilities – 0.0%** |  |
| CMS Energy Corp., 5.875% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4734 |
| TOTAL PREFERRED SECURITIES (Cost $241,787) | TOTAL PREFERRED SECURITIES (Cost $241,787) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252374 |
| **U.S. GOVERNMENT AND AGENCY<br> OBLIGATIONS – 16.3%** |  |  |
| **U.S. Government – 16.3%** |  |  |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;3.500%, 11/30/2030 | $16581000 | &nbsp;&nbsp;&nbsp;16413895 |
| &nbsp;&nbsp;&nbsp;3.625%, 08/31/2030 to 10/31/2030 | 33231000 | &nbsp;&nbsp;&nbsp;33098775 |
| &nbsp;&nbsp;&nbsp;3.750%, 10/31/2032 to 11/30/2032 | &nbsp;&nbsp;8831000 | &nbsp;&nbsp;&nbsp;&nbsp;8731209 |
| &nbsp;&nbsp;&nbsp;3.875%, 07/31/2030 to 09/30/2032 | 21640000 | &nbsp;&nbsp;&nbsp;21735496 |
|  |  | &nbsp;&nbsp;&nbsp;79979375 |
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $79,977,394) | TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $79,977,394) | $&nbsp;&nbsp;&nbsp;79979375 |
| **CORPORATE BONDS - 7.4%** |  |  |
| **Consumer discretionary - 2.3%** |  |  |
| Hilton Domestic Operating Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.625%, 02/15/2032 (D) | &nbsp;&nbsp;&nbsp;&nbsp;946000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878153 |
| &nbsp;&nbsp;&nbsp;3.750%, 05/01/2029 (D) | &nbsp;&nbsp;&nbsp;&nbsp;762000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740132 |
| &nbsp;&nbsp;&nbsp;4.000%, 05/01/2031 (D) | &nbsp;&nbsp;1019000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975570 |
| &nbsp;&nbsp;&nbsp;4.875%, 01/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;698000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700354 |
| &nbsp;&nbsp;&nbsp;5.500%, 03/31/2034 (D) | &nbsp;&nbsp;&nbsp;&nbsp;403000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405768 |
| &nbsp;&nbsp;&nbsp;5.750%, 09/15/2033 (D) | &nbsp;&nbsp;&nbsp;&nbsp;578000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591534 |
| &nbsp;&nbsp;&nbsp;5.875%, 04/01/2029 (D) | &nbsp;&nbsp;&nbsp;&nbsp;355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363448 |
| Hilton Worldwide Finance LLC<br> 4.875%, 04/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp;237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237108 |
| KFC Holding Company/Pizza Hut Holdings LLC/Taco Bell of America LLC<br> 4.750%, 06/01/2027 (D) | &nbsp;&nbsp;1053000 | &nbsp;&nbsp;&nbsp;&nbsp;1051433 |
| Life Time, Inc.<br> 6.000%, 11/15/2031 (D) | &nbsp;&nbsp;&nbsp;&nbsp;249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255103 |
| Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;3.375%, 08/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93510 |
| &nbsp;&nbsp;&nbsp;4.625%, 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;44000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43943 |
| &nbsp;&nbsp;&nbsp;5.750%, 10/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259524 |
| Six Flags Entertainment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.375%, 04/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488117 |
| &nbsp;&nbsp;&nbsp;5.500%, 04/15/2027 (D) | &nbsp;&nbsp;&nbsp;&nbsp;383000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380611 |
| &nbsp;&nbsp;&nbsp;6.500%, 10/01/2028 | &nbsp;&nbsp;&nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465540 |
| Vail Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, 07/15/2030 (D) | &nbsp;&nbsp;&nbsp;&nbsp;147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149390 |
| &nbsp;&nbsp;&nbsp;6.500%, 05/15/2032 (D) | &nbsp;&nbsp;&nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326890 |
| Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.625%, 03/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313107 |
| &nbsp;&nbsp;&nbsp;4.625%, 01/31/2032 | &nbsp;&nbsp;&nbsp;&nbsp;902000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883955 |
| &nbsp;&nbsp;&nbsp;4.750%, 01/15/2030 (D) | &nbsp;&nbsp;&nbsp;&nbsp;402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402320 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>11</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Capital Appreciation Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **CORPORATE BONDS (continued)** |  |  |
| **Consumer discretionary (continued)** |  |  |
| Yum! Brands, Inc. (continued) |  |  |
| &nbsp;&nbsp;&nbsp;5.350%, 11/01/2043 | $&nbsp;&nbsp;657000 | $&nbsp;&nbsp;&nbsp;&nbsp;636690 |
| &nbsp;&nbsp;&nbsp;5.375%, 04/01/2032 | &nbsp;&nbsp;540000 | &nbsp;&nbsp;&nbsp;&nbsp;546754 |
| &nbsp;&nbsp;&nbsp;6.875%, 11/15/2037 | &nbsp;&nbsp;253000 | &nbsp;&nbsp;&nbsp;&nbsp;279143 |
|  |  | 11468097 |
| **Financials - 2.2%** |  |  |
| AmWINS Group, Inc.<br> 6.375%, 02/15/2029 (D) | &nbsp;&nbsp;297000 | &nbsp;&nbsp;&nbsp;&nbsp;305438 |
| Broadstreet Partners Group LLC<br> 5.875%, 04/15/2029 (D) | 1015000 | &nbsp;&nbsp;&nbsp;1013408 |
| HUB International, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, 12/01/2029 (D) | &nbsp;&nbsp;452000 | &nbsp;&nbsp;&nbsp;&nbsp;451924 |
| &nbsp;&nbsp;&nbsp;7.250%, 06/15/2030 (D) | 4072000 | &nbsp;&nbsp;&nbsp;4275295 |
| &nbsp;&nbsp;&nbsp;7.375%, 01/31/2032 (D) | 2174000 | &nbsp;&nbsp;&nbsp;2281730 |
| MSCI, Inc.<br> 5.250%, 09/01/2035 | &nbsp;&nbsp;646000 | &nbsp;&nbsp;&nbsp;&nbsp;650262 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.375%, 02/01/2030 (D) | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;215916 |
| &nbsp;&nbsp;&nbsp;5.875%, 08/01/2032 (D) | &nbsp;&nbsp;483000 | &nbsp;&nbsp;&nbsp;&nbsp;493514 |
| USI, Inc.<br> 7.500%, 01/15/2032 (D) | &nbsp;&nbsp;901000 | &nbsp;&nbsp;&nbsp;&nbsp;944319 |
|  |  | 10631806 |
| **Health care - 0.2%** |  |  |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.875%, 11/01/2029 (D) | &nbsp;&nbsp;&nbsp;&nbsp;59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56419 |
| &nbsp;&nbsp;&nbsp;4.625%, 07/15/2028 (D) | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;248642 |
| Hologic, Inc.<br> 3.250%, 02/15/2029 (D) | &nbsp;&nbsp;117000 | &nbsp;&nbsp;&nbsp;&nbsp;115312 |
| IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, 05/15/2027 (D) | &nbsp;&nbsp;248000 | &nbsp;&nbsp;&nbsp;&nbsp;247932 |
| &nbsp;&nbsp;&nbsp;6.500%, 05/15/2030 (D) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;207478 |
| Surgery Center Holdings, Inc.<br> 7.250%, 04/15/2032 (D) | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;207351 |
|  |  | &nbsp;&nbsp;&nbsp;1083134 |
| **Industrials - 1.5%** |  |  |
| Booz Allen Hamilton, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, 07/01/2029 (D) | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;200291 |
| &nbsp;&nbsp;&nbsp;5.950%, 08/04/2033 | &nbsp;&nbsp;278000 | &nbsp;&nbsp;&nbsp;&nbsp;289601 |
| Korn Ferry<br> 4.625%, 12/15/2027 (D) | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;249253 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 01/15/2029 | &nbsp;&nbsp;349000 | &nbsp;&nbsp;&nbsp;&nbsp;346686 |
| &nbsp;&nbsp;&nbsp;6.250%, 01/31/2034 (D) | &nbsp;&nbsp;&nbsp;&nbsp;84000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87165 |
| &nbsp;&nbsp;&nbsp;6.375%, 03/01/2029 (D) | 1348000 | &nbsp;&nbsp;&nbsp;1390151 |
| &nbsp;&nbsp;&nbsp;6.375%, 05/31/2033 (D) | 1249000 | &nbsp;&nbsp;&nbsp;1281633 |
| &nbsp;&nbsp;&nbsp;6.625%, 03/01/2032 (D) | 1565000 | &nbsp;&nbsp;&nbsp;1628256 |
| &nbsp;&nbsp;&nbsp;6.750%, 08/15/2028 (D) | &nbsp;&nbsp;204000 | &nbsp;&nbsp;&nbsp;&nbsp;207594 |
| &nbsp;&nbsp;&nbsp;6.750%, 01/31/2034 (D) | &nbsp;&nbsp;803000 | &nbsp;&nbsp;&nbsp;&nbsp;836472 |
| &nbsp;&nbsp;&nbsp;7.125%, 12/01/2031 (D) | &nbsp;&nbsp;828000 | &nbsp;&nbsp;&nbsp;&nbsp;870203 |
|  |  | &nbsp;&nbsp;&nbsp;7387305 |
| **Information technology - 0.3%** |  |  |
| Capstone Borrower, Inc.<br> 8.000%, 06/15/2030 (D) | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;226594 |
| Crowdstrike Holdings, Inc.<br> 3.000%, 02/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23030 |
| Ellucian Holdings, Inc.<br> 6.500%, 12/01/2029 (D) | &nbsp;&nbsp;328000 | &nbsp;&nbsp;&nbsp;&nbsp;334446 |
| Fair Isaac Corp.<br> 6.000%, 05/15/2033 (D) | &nbsp;&nbsp;334000 | &nbsp;&nbsp;&nbsp;&nbsp;343067 |
| PTC, Inc.<br> 4.000%, 02/15/2028 (D) | &nbsp;&nbsp;321000 | &nbsp;&nbsp;&nbsp;&nbsp;316176 |
|  |  | &nbsp;&nbsp;&nbsp;1243313 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **CORPORATE BONDS (continued)** |  |  |
| **Real estate - 0.3%** |  |  |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, 02/01/2029 | $&nbsp;&nbsp;795000 | $&nbsp;&nbsp;&nbsp;&nbsp;760453 |
| &nbsp;&nbsp;&nbsp;3.875%, 02/15/2027 | &nbsp;&nbsp;707000 | &nbsp;&nbsp;&nbsp;&nbsp;701673 |
|  |  | &nbsp;&nbsp;&nbsp;1462126 |
| **Utilities - 0.6%** |  |  |
| CenterPoint Energy, Inc.<br> 5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056 | &nbsp;&nbsp;657000 | &nbsp;&nbsp;&nbsp;&nbsp;662010 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.875%, (5.875% to 6-15-31, then 5 Year CMT + 2.179%), 06/15/2056 | &nbsp;&nbsp;711000 | &nbsp;&nbsp;&nbsp;&nbsp;710556 |
| &nbsp;&nbsp;&nbsp;6.100%, (6.100% to 6-15-36, then 5 Year CMT + 2.013%), 06/15/2056 | &nbsp;&nbsp;482000 | &nbsp;&nbsp;&nbsp;&nbsp;481252 |
| NiSource, Inc.<br> 5.750%, (5.750% to 7-15-31, then 5 Year CMT + 2.035%), 07/15/2056 | 1257000 | &nbsp;&nbsp;&nbsp;1265141 |
|  |  | &nbsp;&nbsp;&nbsp;3118959 |
| TOTAL CORPORATE BONDS (Cost $35,392,100) | TOTAL CORPORATE BONDS (Cost $35,392,100) | $36394740 |
| **TERM LOANS (E) – 9.7%** |  |  |
| **Consumer discretionary – 0.7%** |  |  |
| Hilton Domestic Operating Company, Inc., 2023 Term Loan B4 (1 month CME Term SOFR + 1.750%) 5.477%, 11/08/2030 | 1662129 | &nbsp;&nbsp;&nbsp;1671503 |
| Mister Car Wash Holdings, Inc., 2024 Term Loan B (1 month CME Term SOFR + 2.500%) 6.216%, 03/27/2031 | &nbsp;&nbsp;217866 | &nbsp;&nbsp;&nbsp;&nbsp;218489 |
| Varsity Brands, Inc., 2025 1st Lien Term Loan (3 month CME Term SOFR + 3.000%) 6.672%, 08/26/2031 | 1294547 | &nbsp;&nbsp;&nbsp;1298599 |
| Wyndham Hotels & Resorts, Inc., 2024 Term Loan (1 month CME Term SOFR + 1.750%) 5.466%, 05/24/2030 | &nbsp;&nbsp;267782 | &nbsp;&nbsp;&nbsp;&nbsp;268248 |
|  |  | &nbsp;&nbsp;&nbsp;3456839 |
| **Financials – 3.6%** |  |  |
| AmWINS Group, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.966%, 01/30/2032 | 3015034 | &nbsp;&nbsp;&nbsp;3022571 |
| Broadstreet Partners Group LLC, 2024 Term Loan B4 (1 month CME Term SOFR + 2.750%) 6.466%, 06/13/2031 | 3331876 | &nbsp;&nbsp;&nbsp;3341505 |
| CPI Holdco B LLC, 2025 Add-on Term Loan B (3 month CME Term SOFR + 2.000%) 5.916%, 05/17/2031 | 1546088 | &nbsp;&nbsp;&nbsp;1548887 |
| EP Wealth Advisors LLC, 2025 Term Loan B (3 month CME Term SOFR + 3.000%) 6.672%, 10/18/2032 | &nbsp;&nbsp;146000 | &nbsp;&nbsp;&nbsp;&nbsp;146365 |
| HUB International, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 6.120%, 06/20/2030 | 6284124 | &nbsp;&nbsp;&nbsp;6313911 |
| Mariner Wealth Advisors LLC, 2025 Term Loan (3 month CME Term SOFR + 2.250%) 5.936%, 12/31/2030 | &nbsp;&nbsp;703838 | &nbsp;&nbsp;&nbsp;&nbsp;706956 |
| Mariner Wealth Advisors LLC, 2025 Term Loan B1 TBD 12/31/2030 (F) | &nbsp;&nbsp;&nbsp;&nbsp;48000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48213 |
| Ryan Specialty LLC, 2024 USD Term Loan B (1 month CME Term SOFR + 2.000%) 5.716%, 09/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;58704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58741 |
| USI, Inc., 2024 Term Loan C (3 month CME Term SOFR + 2.250%) 5.922%, 09/29/2030 | 1225247 | &nbsp;&nbsp;&nbsp;1226950 |

---

**The accompanying notes are an integral part of the financial statements.** <sub>12</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Capital Appreciation Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **TERM LOANS (E)(continued)** |  |  |
| **Financials (continued)** |  |  |
| USI, Inc., 2024 Term Loan D (3 month CME Term SOFR + 2.250%) 5.922%, 11/21/2029 | $1215923 | &nbsp;&nbsp;&nbsp;1218306 |
|  |  | 17632405 |
| **Health care – 0.4%** |  |  |
| Loire Finco Luxembourg Sarl, 2025 USD Term Loan B (1 month CME Term SOFR + 4.000%) 7.716%, 01/21/2030 | 1639474 | &nbsp;&nbsp;&nbsp;1637015 |
| **Industrials – 1.1%** |  |  |
| Filtration Group Corp., 2025 EUR Term Loan B (1 month EURIBOR + 3.500%) 5.401%, 10/21/2028 | &nbsp;&nbsp;603316 | &nbsp;&nbsp;&nbsp;&nbsp;717880 |
| Filtration Group Corp., 2025 USD Term Loan (1 month CME Term SOFR + 2.750%) 6.466%, 10/21/2028 | $2606943 | &nbsp;&nbsp;&nbsp;2618883 |
| TransDigm, Inc., 2025 Term Loan K (1 month CME Term SOFR + 2.250%) 5.966%, 03/22/2030 | 2137015 | &nbsp;&nbsp;&nbsp;2142807 |
|  |  | &nbsp;&nbsp;&nbsp;5479570 |
| **Information technology – 3.7%** |  |  |
| Applied Systems, Inc., 2024 1st Lien Term Loan (3 month CME Term SOFR + 2.500%) 6.172%, 02/24/2031 | 6880310 | &nbsp;&nbsp;&nbsp;6916157 |
| Applied Systems, Inc., 2024 2nd Lien Term Loan (3 month CME Term SOFR + 4.500%) 8.172%, 02/23/2032 | &nbsp;&nbsp;856009 | &nbsp;&nbsp;&nbsp;&nbsp;868584 |
| Ascend Learning LLC, 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.000%) 6.716%, 12/11/2028 | 1413039 | &nbsp;&nbsp;&nbsp;1416317 |
| Bending Spoons US, Inc., 2025 Term Loan B1 TBD 03/07/2031 (F) | 1211000 | &nbsp;&nbsp;&nbsp;1171643 |
| Bending Spoons US, Inc., USD Term Loan B (1 month CME Term SOFR + 5.250%) 9.034%, 03/07/2031 | &nbsp;&nbsp;&nbsp;&nbsp;92595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89662 |
| CCC Intelligent Solutions, Inc., Term Loan (1 month CME Term SOFR + 2.000%) 5.716%, 01/23/2032 | &nbsp;&nbsp;412756 | &nbsp;&nbsp;&nbsp;&nbsp;413788 |
| Ellucian Holdings, Inc., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.750%) 6.466%, 10/09/2029 | 1079806 | &nbsp;&nbsp;&nbsp;1085205 |
| Epicor Software Corp., 2024 Term Loan F (1 month CME Term SOFR + 2.500%) 6.216%, 05/30/2031 | 1265244 | &nbsp;&nbsp;&nbsp;1268648 |
| Icon Parent, Inc., 2024 2nd Lien Term Loan (3 month CME Term SOFR + 5.000%) 8.841%, 11/12/2032 | &nbsp;&nbsp;387200 | &nbsp;&nbsp;&nbsp;&nbsp;387200 |
| Icon Parent, Inc., 2025 Repriced Term Loan (3 month CME Term SOFR + 2.750%) 6.445%, 11/13/2031 | 1794622 | &nbsp;&nbsp;&nbsp;1796650 |
| Quartz Acquireco LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 5.922%, 06/28/2030 | &nbsp;&nbsp;288936 | &nbsp;&nbsp;&nbsp;&nbsp;288214 |
| Storable, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 6.966%, 04/16/2031 | &nbsp;&nbsp;996035 | &nbsp;&nbsp;&nbsp;&nbsp;999770 |
| UKG, Inc., 2024 Term Loan B (3 month CME Term SOFR + 2.500%) 6.338%, 02/10/2031 | 1600197 | &nbsp;&nbsp;&nbsp;1600837 |
|  |  | 18302675 |
| **Real estate – 0.2%** |  |  |
| SBA Senior Finance II LLC, 2024 Term Loan B (1 month CME Term SOFR + 1.750%) 5.470%, 01/25/2031 | 1003900 | &nbsp;&nbsp;&nbsp;1007555 |
| TOTAL TERM LOANS (Cost $47,303,585) | TOTAL TERM LOANS (Cost $47,303,585) | $47516059 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **ASSET-BACKED SECURITIES - 0.1%** |  |  |
| Domino's Pizza Master Issuer LLC<br> Series 2017-1A, Class A23<br> 4.118%, 07/25/2047 (D) | $&nbsp;&nbsp;&nbsp;&nbsp;326180 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324309 |
| Domino's Pizza Master Issuer LLC<br> Series 2019-1A, Class A2<br> 3.668%, 10/25/2049 (D) | &nbsp;&nbsp;&nbsp;&nbsp;206400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198673 |
| TOTAL ASSET-BACKED SECURITIES (Cost $529,955) | TOTAL ASSET-BACKED SECURITIES (Cost $529,955) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522982 |
| **SHORT-TERM INVESTMENTS – 3.0%** | **SHORT-TERM INVESTMENTS – 3.0%** |  |
| **Short-term funds – 2.9%** |  |  |
| John Hancock Collateral Trust, 3.7477% (G)(H) | &nbsp;&nbsp;&nbsp;&nbsp;317889 | &nbsp;&nbsp;&nbsp;&nbsp;3180226 |
| T. Rowe Price Government Reserve Fund, 3.7374% (G) | 10802604 | &nbsp;&nbsp;&nbsp;10802604 |
|  |  | &nbsp;&nbsp;&nbsp;13982830 |
| **Repurchase agreement – 0.1%** |  |  |
| Repurchase Agreement with State Street Corp. dated 12-31-25 at 1.060% to be repurchased at $647,038 on 1-2-26, collateralized by $647,500 U.S. Treasury Notes, 4.500% due 5-15-27 (valued at $660,018) | $&nbsp;&nbsp;&nbsp;&nbsp;647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647000 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $14,629,894) | TOTAL SHORT-TERM INVESTMENTS (Cost $14,629,894) | $&nbsp;&nbsp;&nbsp;14629830 |
| **Total Investments (Capital Appreciation Value Trust)<br> (Cost $467,338,797) – 100.5%** | **Total Investments (Capital Appreciation Value Trust)<br> (Cost $467,338,797) – 100.5%** | $**493542753** |
| **Other assets and liabilities, net – (0.5%)** | **Other assets and liabilities, net – (0.5%)** | &nbsp;&nbsp;&nbsp;**(2679732)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**490863021** |

---

<u>Currency Abbreviations</u> <br> EUR Euro

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| CME | CME Group Published Rates |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| (A) | All or a portion of this security is segregated at the custodian as collateral for certain derivatives. |
| (B) | Non-income producing security. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | 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. |
| (E) | Term loans are variable rate obligations. The rate shown represents the rate at period end. |
| (F) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
| (G) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (H) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

**The accompanying notes are an integral part of the financial statements.** <sub>13</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Capital Appreciation Value Trust (continued) &nbsp;&nbsp;&nbsp;&nbsp;

#### DERIVATIVES

#### WRITTEN OPTIONS

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** | **Options on securities** |
| **Counterparty (OTC)/<br> Exchange-<br> traded** | &nbsp;&nbsp;**Name of issuer** | &nbsp;&nbsp;**Currency** | **Exercise<br> price** | &nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;**Notional<br> amount** | &nbsp;&nbsp;**Premium** | &nbsp;&nbsp;**Value** |
| **Calls** | **Calls** |  |  |  |  |  |  |  |
| BOA | &nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;USD | 130.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;45 | &nbsp;&nbsp;4500 | &nbsp;&nbsp;$24919 | &nbsp;&nbsp;$(1474) |
| BOA | &nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;USD | 140.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) |
| BOA | &nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;USD | 145.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;22 | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BARC | &nbsp;&nbsp;Advanced Micro Devices, Inc. | &nbsp;&nbsp;USD | 175.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(99637) |
| BARC | &nbsp;&nbsp;Advanced Micro Devices, Inc. | &nbsp;&nbsp;USD | 180.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87582) |
| UBS | &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;USD | 205.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;24 | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(260172) |
| UBS | &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;USD | 215.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;24 | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(236220) |
| UBS | &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;USD | 340.00 | &nbsp;&nbsp;Jan 2027 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34687) |
| UBS | &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;USD | 350.00 | &nbsp;&nbsp;Jan 2027 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31355) |
| UBS | &nbsp;&nbsp;Alphabet, Inc., Class A | &nbsp;&nbsp;USD | 360.00 | &nbsp;&nbsp;Jan 2027 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28317) |
| CITI | &nbsp;&nbsp;Amazon.com, Inc. | &nbsp;&nbsp;USD | 250.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(774) |
| CITI | &nbsp;&nbsp;Amazon.com, Inc. | &nbsp;&nbsp;USD | 260.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(215) |
| UBS | &nbsp;&nbsp;Amphenol Corp., Class A | &nbsp;&nbsp;USD | 115.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28723) |
| UBS | &nbsp;&nbsp;Amphenol Corp., Class A | &nbsp;&nbsp;USD | 120.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22044) |
| BARC | &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;USD | 235.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(93488) |
| BARC | &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;USD | 245.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68752) |
| BARC | &nbsp;&nbsp;Canadian Natural Resources, Ltd. | &nbsp;&nbsp;USD | 32.50 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;73 | &nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11654) |
| BARC | &nbsp;&nbsp;Canadian Natural Resources, Ltd. | &nbsp;&nbsp;USD | 35.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;73 | &nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1537) |
| UBS | &nbsp;&nbsp;Danaher Corp. | &nbsp;&nbsp;USD | 220.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;19 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20326) |
| UBS | &nbsp;&nbsp;Danaher Corp. | &nbsp;&nbsp;USD | 330.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;25 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| CITI | &nbsp;&nbsp;Eli Lilly & Company | &nbsp;&nbsp;USD | 850.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22670) |
| CITI | &nbsp;&nbsp;Eli Lilly & Company | &nbsp;&nbsp;USD | 890.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18698) |
| WFB | &nbsp;&nbsp;Ingersoll Rand, Inc. | &nbsp;&nbsp;USD | 95.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| WFB | &nbsp;&nbsp;Ingersoll Rand, Inc. | &nbsp;&nbsp;USD | 95.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;27 | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| WFB | &nbsp;&nbsp;Ingersoll Rand, Inc. | &nbsp;&nbsp;USD | 100.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| WFB | &nbsp;&nbsp;Ingersoll Rand, Inc. | &nbsp;&nbsp;USD | 100.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;27 | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 580.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3674) |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 585.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2320) |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 610.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(104) |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 620.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 640.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| BARC | &nbsp;&nbsp;Mastercard, Inc., Class A | &nbsp;&nbsp;USD | 670.00 | &nbsp;&nbsp;Jun 2026 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5354) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 660.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64667) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 680.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42533) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 760.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6380) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 760.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19141) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 780.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4588) |
| GSI | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;USD | 780.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13764) |
| JPM | &nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;USD | 775.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(76) |
| JPM | &nbsp;&nbsp;Meta Platforms, Inc., Class A | &nbsp;&nbsp;USD | 810.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27) |
| JPM | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;USD | 565.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPM | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;USD | 590.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| GSI | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;USD | 190.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;27 | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10466) |
| GSI | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;USD | 200.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;27 | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2931) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 100.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 100.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;31 | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 105.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 105.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;31 | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 105.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;53 | &nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| WFB | &nbsp;&nbsp;Starbucks Corp. | &nbsp;&nbsp;USD | 125.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;22 | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 360.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;15 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1417) |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 370.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(207) |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 380.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25) |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 390.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;17 | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 400.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| GSI | &nbsp;&nbsp;Visa, Inc., Class A | &nbsp;&nbsp;USD | 395.00 | &nbsp;&nbsp;Jun 2026 | &nbsp;&nbsp;14 | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7743) |
| BOA | &nbsp;&nbsp;Willis Towers Watson PLC | &nbsp;&nbsp;USD | 330.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1935) |
| BOA | &nbsp;&nbsp;Willis Towers Watson PLC | &nbsp;&nbsp;USD | 340.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(517) |
| WFB | &nbsp;&nbsp;Workday, Inc., Class A | &nbsp;&nbsp;USD | 260.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;19 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18) |
| WFB | &nbsp;&nbsp;Workday, Inc., Class A | &nbsp;&nbsp;USD | 270.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;19 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| WFB | &nbsp;&nbsp;Yum! Brands, Inc. | &nbsp;&nbsp;USD | 145.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;17 | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12060) |
| WFB | &nbsp;&nbsp;Yum! Brands, Inc. | &nbsp;&nbsp;USD | 160.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;23 | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(358) |

---

**The accompanying notes are an integral part of the financial statements.** <sub>14</sub>

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Capital Appreciation Value Trust (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** | **Options on securities (continued)** |
| **Counterparty (OTC)/<br> Exchange-<br> traded** | &nbsp;&nbsp;**Name of issuer** | &nbsp;&nbsp;**Currency** | **Exercise<br> price** | &nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;**Notional<br> amount** | &nbsp;&nbsp;**Premium** | &nbsp;&nbsp;**Value** |
| **Calls (continued)** | **Calls (continued)** |  |  |  |  |  |  |  |
| WFB | &nbsp;&nbsp;Yum! Brands, Inc. | &nbsp;&nbsp;USD | 160.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;$3280 | &nbsp;&nbsp;$(156) |
| WFB | &nbsp;&nbsp;Yum! Brands, Inc. | &nbsp;&nbsp;USD | 165.00 | &nbsp;&nbsp;Jan 2026 | &nbsp;&nbsp;10 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15) |
|  |  |  |  |  |  |  | &nbsp;&nbsp;**$943927** | &nbsp;&nbsp;**$(1268860)** |

---

<u>Derivatives Currency Abbreviations</u> <br> USD U.S. Dollar

---

| | |
|:---|:---|
| <u>Derivatives Abbreviations</u> | <u>Derivatives Abbreviations</u> |
| BARC | Barclays Bank PLC |
| BOA | Bank of America, N.A. |
| CITI | Citibank, N.A. |
| GSI | Goldman Sachs International |
| JPM | JPMorgan Chase Bank, N.A. |
| OTC | Over-the-counter |
| UBS | UBS AG |
| WFB | Wells Fargo Bank, N.A. |

---

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

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

#### Disciplined Value Emerging Markets Equity Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 91.5%** | **COMMON STOCKS - 91.5%** |  |
| **Brazil - 6.6%** |  |  |
| Embraer SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143700 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2304725 |
| Hypera SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283477 |
| Itau Unibanco Holding SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1338993 |
| Localiza Rent a Car SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1573412 |
| Raia Drogasil SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812199 |
| Rede D'Or Sao Luiz SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6351819 |
| Suzano SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952681 |
| TIM SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3748624 |
| Vale SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539194 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17905124 |
| **Chile - 0.4%** |  |  |
| Sociedad Quimica y Minera de Chile SA, ADR (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019616 |
| **China - 17.7%** |  |  |
| Alibaba Group Holding, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381908 |
| BYD Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299409 |
| China Dili Group (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6465 |
| China Huiyuan Juice Group, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Jushi Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413029 |
| China Taifeng Beddings Holdings, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Zhongwang Holdings, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Contemporary Amperex Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3973136 |
| CT Environmental Group, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| H World Group, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1595277 |
| Haier Smart Home Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1497045 |
| Hongda Xingye Company, Ltd., Class A (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660 |
| J&T Global Express, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2707359 |
| Jason Furniture Hangzhou Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1141900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5022704 |
| JD.com, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276081 |
| New Oriental Education & Technology Group, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571982 |

---

#### Disciplined Value Emerging Markets Equity Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Pharmaron Beijing Company, Ltd., H Shares (A) | &nbsp;&nbsp;116800 | $&nbsp;&nbsp;&nbsp;&nbsp;294639 |
| Qunxing Paper Holdings Company, Ltd. (B)(C) | &nbsp;&nbsp;634371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Rianlon Corp., Class A | &nbsp;&nbsp;249371 | &nbsp;&nbsp;&nbsp;1505513 |
| Satellite Chemical Company, Ltd., Class A | &nbsp;&nbsp;132200 | &nbsp;&nbsp;&nbsp;&nbsp;334580 |
| Shenzhou International Group Holdings, Ltd. | &nbsp;&nbsp;100900 | &nbsp;&nbsp;&nbsp;&nbsp;795078 |
| STO Express Company, Ltd., Class A | &nbsp;&nbsp;427400 | &nbsp;&nbsp;&nbsp;&nbsp;821517 |
| Tencent Holdings, Ltd. | &nbsp;&nbsp;199300 | 15294988 |
| Tencent Holdings, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;33970 | &nbsp;&nbsp;&nbsp;2600404 |
| Tenwow International Holdings, Ltd. (B)(C) | &nbsp;&nbsp;121000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Tongcheng Travel Holdings, Ltd. | 1525200 | &nbsp;&nbsp;&nbsp;4402624 |
| Tongwei Company, Ltd., Class A (B) | &nbsp;&nbsp;&nbsp;&nbsp;97700 | &nbsp;&nbsp;&nbsp;&nbsp;286897 |
| WuXi AppTec Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;80700 | &nbsp;&nbsp;&nbsp;1045637 |
| WuXi AppTec Company, Ltd., H Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;79500 | &nbsp;&nbsp;&nbsp;1008105 |
| XCMG Construction Machinery Company, Ltd., Class A | &nbsp;&nbsp;688400 | &nbsp;&nbsp;&nbsp;1141119 |
| Yankuang Energy Group Company, Ltd., H Shares | &nbsp;&nbsp;630000 | &nbsp;&nbsp;&nbsp;&nbsp;778606 |
| Zhejiang Glass Company, Ltd., H Shares (B)(C) | &nbsp;&nbsp;162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Zoomlion Heavy Industry Science and Technology Company, Ltd., H Shares | &nbsp;&nbsp;826000 | &nbsp;&nbsp;&nbsp;&nbsp;824430 |
|  |  | 47879192 |
| **Colombia - 1.4%** |  |  |
| Grupo Cibest SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;58333 | &nbsp;&nbsp;&nbsp;3710562 |
| **Greece - 0.5%** |  |  |
| Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;&nbsp;62771 | &nbsp;&nbsp;&nbsp;1242419 |
| **Hong Kong - 4.4%** |  |  |
| Anxin-China Holdings, Ltd. (B)(C) | 1648000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 15 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Disciplined Value Emerging Markets Equity Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong (continued)** |  |  |
| CECEP COSTIN New Materials Group, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;348000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Fiber Optic Network System Group, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;150800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Lumena New Materials Corp. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;50900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Resources Beer Holdings Company, Ltd. | &nbsp;&nbsp;1128000 | &nbsp;&nbsp;&nbsp;3809585 |
| Galaxy Entertainment Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;670000 | &nbsp;&nbsp;&nbsp;3303647 |
| Geely Automobile Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;479000 | &nbsp;&nbsp;&nbsp;1107868 |
| Hua Han Health Industry Holdings, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Mingyuan Medicare Development Company, Ltd. (B)(C) | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Techtronic Industries Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;93500 | &nbsp;&nbsp;&nbsp;1075542 |
| WH Group, Ltd. (A) | &nbsp;&nbsp;2266500 | &nbsp;&nbsp;&nbsp;2524912 |
|  |  | 11821554 |
| **Hungary - 2.1%** |  |  |
| OTP Bank NYRT | &nbsp;&nbsp;&nbsp;&nbsp;52551 | &nbsp;&nbsp;&nbsp;5634737 |
| **India - 9.6%** |  |  |
| Aurobindo Pharma, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;199534 | &nbsp;&nbsp;&nbsp;2636162 |
| Bajaj Auto, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;25994 | &nbsp;&nbsp;&nbsp;2705834 |
| Bharti Airtel, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;202175 | &nbsp;&nbsp;&nbsp;4748502 |
| Chennai Super Kings Cricket, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;207315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5190 |
| HCL Technologies, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;88157 | &nbsp;&nbsp;&nbsp;1590155 |
| HDFC Bank, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;36940 | &nbsp;&nbsp;&nbsp;1349788 |
| Hero MotoCorp, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;19402 | &nbsp;&nbsp;&nbsp;1244774 |
| Mahindra & Mahindra, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;39629 | &nbsp;&nbsp;&nbsp;1639640 |
| Reliance Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;224662 | &nbsp;&nbsp;&nbsp;3927769 |
| Reliance Industries, Ltd., GDR (A) | &nbsp;&nbsp;&nbsp;&nbsp;29505 | &nbsp;&nbsp;&nbsp;2065885 |
| Tata Consultancy Services, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;114371 | &nbsp;&nbsp;&nbsp;4091225 |
|  |  | 26004924 |
| **Indonesia - 0.1%** |  |  |
| Adaro Andalan Indonesia PT | &nbsp;&nbsp;&nbsp;&nbsp;554000 | &nbsp;&nbsp;&nbsp;&nbsp;231410 |
| Bakrie Telecom Tbk PT (B)(C) | 17557300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Sri Rejeki Isman Tbk PT (B)(C) | &nbsp;&nbsp;1260900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Suryainti Permata Tbk PT (B)(C) | &nbsp;&nbsp;1446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Truba Alam Manunggal Engineering PT (B)(C) | 11991500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Waskita Karya Persero Tbk PT (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;596656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3072 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;234482 |
| **Japan - 0.3%** |  |  |
| Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;55000 | &nbsp;&nbsp;&nbsp;&nbsp;822551 |
| **Luxembourg - 3.7%** |  |  |
| Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp;155298 | &nbsp;&nbsp;&nbsp;8609721 |
| Zabka Group SA (B) | &nbsp;&nbsp;&nbsp;&nbsp;206794 | &nbsp;&nbsp;&nbsp;1315599 |
|  |  | &nbsp;&nbsp;&nbsp;9925320 |
| **Mexico - 5.9%** |  |  |
| America Movil SAB de CV, ADR | &nbsp;&nbsp;&nbsp;&nbsp;226917 | &nbsp;&nbsp;&nbsp;4690374 |
| America Movil SAB de CV, Series B | &nbsp;&nbsp;7348500 | &nbsp;&nbsp;&nbsp;7586207 |
| Cemex SAB de CV, ADR | &nbsp;&nbsp;&nbsp;&nbsp;25972 | &nbsp;&nbsp;&nbsp;&nbsp;298418 |
| Coca-Cola Femsa SAB de CV, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8676 | &nbsp;&nbsp;&nbsp;&nbsp;821704 |
| Genomma Lab Internacional SAB de CV, Class B | &nbsp;&nbsp;&nbsp;&nbsp;558400 | &nbsp;&nbsp;&nbsp;&nbsp;555377 |
| Grupo KUO SAB de CV, Series B | &nbsp;&nbsp;&nbsp;&nbsp;42698 | &nbsp;&nbsp;&nbsp;&nbsp;142267 |
| Kimberly-Clark de Mexico SAB de CV, Class A | &nbsp;&nbsp;&nbsp;&nbsp;547200 | &nbsp;&nbsp;&nbsp;1167178 |
| Organizacion Soriana SAB de CV, Series B | &nbsp;&nbsp;&nbsp;&nbsp;178000 | &nbsp;&nbsp;&nbsp;&nbsp;404584 |
| Vista Energy SAB de CV, ADR (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6819 | &nbsp;&nbsp;&nbsp;&nbsp;331813 |
|  |  | 15997922 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Peru - 3.9%** |  |  |
| Credicorp, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;36422 | $10453114 |
| **Philippines - 0.7%** |  |  |
| International Container Terminal Services, Inc. | &nbsp;&nbsp;205690 | &nbsp;&nbsp;&nbsp;1973855 |
| Philtown Properties, Inc. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;3844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Phoenix Petroleum Philippines, Inc. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;22200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983 |
| PNB Holdings Corp. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;10246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56 |
|  |  | &nbsp;&nbsp;&nbsp;1974894 |
| **Russia - 0.0%** |  |  |
| Gazprom PJSC, ADR (B)(C) | &nbsp;&nbsp;196506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| LUKOIL PJSC, ADR (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;16379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Rosneft Oil Company PJSC, GDR (London Stock Exchange) (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;1686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| RusHydro PJSC, ADR (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;52278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| VTB Bank PJSC, GDR (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;86297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Saudi Arabia - 2.9%** |  |  |
| Al Rajhi Bank | &nbsp;&nbsp;&nbsp;&nbsp;73946 | &nbsp;&nbsp;&nbsp;1920756 |
| The Saudi National Bank | &nbsp;&nbsp;594481 | &nbsp;&nbsp;&nbsp;5999561 |
|  |  | &nbsp;&nbsp;&nbsp;7920317 |
| **Singapore - 4.2%** |  |  |
| DBS Group Holdings, Ltd. | &nbsp;&nbsp;179800 | &nbsp;&nbsp;&nbsp;7876071 |
| Oversea-Chinese Banking Corp., Ltd. | &nbsp;&nbsp;234900 | &nbsp;&nbsp;&nbsp;3608821 |
|  |  | 11484892 |
| **South Africa - 4.3%** |  |  |
| Absa Group, Ltd. | &nbsp;&nbsp;320106 | &nbsp;&nbsp;&nbsp;4626448 |
| FirstRand, Ltd. | 1282557 | &nbsp;&nbsp;&nbsp;7028400 |
|  |  | 11654848 |
| **South Korea - 6.8%** |  |  |
| Coway Company, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;4120 | &nbsp;&nbsp;&nbsp;&nbsp;248015 |
| Dahaam E-Tec Company, Ltd. (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;2630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63717 |
| Hana Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25471 | &nbsp;&nbsp;&nbsp;1661895 |
| Hyundai Mobis Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2489 | &nbsp;&nbsp;&nbsp;&nbsp;645849 |
| Jeil Savings Bank (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| KB Financial Group, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp;3459 | &nbsp;&nbsp;&nbsp;&nbsp;297612 |
| Kia Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24494 | &nbsp;&nbsp;&nbsp;2076442 |
| Korea Electric Power Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;11520 | &nbsp;&nbsp;&nbsp;&nbsp;378082 |
| KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7404 | &nbsp;&nbsp;&nbsp;&nbsp;270136 |
| KT Corp., ADR | &nbsp;&nbsp;145438 | &nbsp;&nbsp;&nbsp;2758959 |
| Samsung Electro-Mechanics Company, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;1518 | &nbsp;&nbsp;&nbsp;&nbsp;268652 |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;99045 | &nbsp;&nbsp;&nbsp;8301446 |
| Samsung Electronics Company, Ltd., GDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;369821 |
| Samsung Fire & Marine Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3154 | &nbsp;&nbsp;&nbsp;1086643 |
|  |  | 18427269 |
| **Spain - 0.5%** |  |  |
| Banco Bilbao Vizcaya Argentaria SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;60864 | &nbsp;&nbsp;&nbsp;1418740 |
| **Taiwan - 9.1%** |  |  |
| Formosa Plastics Corp. | 1057000 | &nbsp;&nbsp;&nbsp;1310755 |
| Globalwafers Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;48000 | &nbsp;&nbsp;&nbsp;&nbsp;619485 |
| Nan Ya Plastics Corp. | &nbsp;&nbsp;567000 | &nbsp;&nbsp;&nbsp;1084231 |
| Nanya Technology Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;58000 | &nbsp;&nbsp;&nbsp;&nbsp;355985 |
| Prodisc Technology, Inc. (B)(C) | &nbsp;&nbsp;762000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Taiwan Kolin Company, Ltd. (B)(C) | &nbsp;&nbsp;327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Taiwan Semiconductor Manufacturing Company, Ltd. | &nbsp;&nbsp;292000 | 14353919 |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;5552 | &nbsp;&nbsp;&nbsp;1687197 |
| Tripod Technology Corp. | &nbsp;&nbsp;412000 | &nbsp;&nbsp;&nbsp;4157644 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 16 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Disciplined Value Emerging Markets Equity Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Taiwan (continued)** |  |  |
| Unimicron Technology Corp. | &nbsp;&nbsp;115000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803028 |
| Wintek Corp. (B)(C) | &nbsp;&nbsp;543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| WT Microelectronics Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300626 |
|  |  | &nbsp;&nbsp;&nbsp;24672870 |
| **Thailand - 0.2%** |  |  |
| CP ALL PCL, NVDR | &nbsp;&nbsp;386600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533877 |
| **Turkey - 0.0%** |  |  |
| Goldas Kuyumculuk Sanayi Ithalat Ve Bagli Ortakliklari (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;54846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Uzel Makina Sanayii AS (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;22930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **United Kingdom - 2.7%** |  |  |
| AngloGold Ashanti PLC | &nbsp;&nbsp;&nbsp;&nbsp;9246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788499 |
| AngloGold Ashanti PLC | &nbsp;&nbsp;&nbsp;&nbsp;41662 | &nbsp;&nbsp;&nbsp;&nbsp;3587922 |
| Hikma Pharmaceuticals PLC | &nbsp;&nbsp;&nbsp;&nbsp;10320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215139 |
| Pepco Group NV | &nbsp;&nbsp;334230 | &nbsp;&nbsp;&nbsp;&nbsp;2780417 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7371977 |
| **United States - 3.5%** |  |  |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14734 | &nbsp;&nbsp;&nbsp;&nbsp;1222922 |
| EPAM Systems, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;9886 | &nbsp;&nbsp;&nbsp;&nbsp;2025444 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6965 | &nbsp;&nbsp;&nbsp;&nbsp;1192269 |
| Onto Innovation, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;5376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848655 |
| Samsonite Group SA (A) | &nbsp;&nbsp;537900 | &nbsp;&nbsp;&nbsp;&nbsp;1373721 |
| Weatherford International PLC | &nbsp;&nbsp;&nbsp;&nbsp;37922 | &nbsp;&nbsp;&nbsp;&nbsp;2967776 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9630787 |
| TOTAL COMMON STOCKS (Cost $223,782,527) | TOTAL COMMON STOCKS (Cost $223,782,527) | $247741988 |
| **PREFERRED SECURITIES - 4.6%** | **PREFERRED SECURITIES - 4.6%** |  |
| **Brazil - 1.7%** |  |  |
| Banco Bradesco SA | 1414200 | &nbsp;&nbsp;&nbsp;&nbsp;4629881 |
| Localiza Rent a Car SA (B) | &nbsp;&nbsp;&nbsp;&nbsp;7646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4687788 |
| **Colombia - 0.5%** |  |  |
| Grupo Cibest SA | &nbsp;&nbsp;&nbsp;&nbsp;80772 | &nbsp;&nbsp;&nbsp;&nbsp;1277585 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **PREFERRED SECURITIES (continued)** | **PREFERRED SECURITIES (continued)** |  |
| **Philippines - 0.0%** |  |  |
| Cebu Air, Inc., 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;4989 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2974 |
| **South Korea - 2.4%** |  |  |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;103223 | &nbsp;&nbsp;&nbsp;&nbsp;6407131 |
| TOTAL PREFERRED SECURITIES (Cost $9,414,864) | TOTAL PREFERRED SECURITIES (Cost $9,414,864) | $&nbsp;&nbsp;&nbsp;12375478 |
| **RIGHTS - 0.0%** |  |  |
| Unimicron Technology Corp. (Expiration Date: 1-5-26; Strike Price: TWD 116.00) (B) | &nbsp;&nbsp;&nbsp;&nbsp;4713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15600 |
| TOTAL RIGHTS (Cost $0) | TOTAL RIGHTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15600 |
| **SHORT-TERM INVESTMENTS - 3.5%** | **SHORT-TERM INVESTMENTS - 3.5%** |  |
| **Short-term funds - 3.5%** |  |  |
| Fidelity Government Portfolio, Institutional Class, 3.6900% (D) | 9523421 | &nbsp;&nbsp;&nbsp;&nbsp;9523421 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $9,523,421) | TOTAL SHORT-TERM INVESTMENTS (Cost $9,523,421) | $&nbsp;&nbsp;&nbsp;&nbsp;9523421 |
| **Total Investments (Disciplined Value Emerging Markets Equity Trust)<br> (Cost $242,720,812) - 99.6%** | **Total Investments (Disciplined Value Emerging Markets Equity Trust)<br> (Cost $242,720,812) - 99.6%** | $**269656487** |
| **Other assets and liabilities, net - 0.4%** | **Other assets and liabilities, net - 0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;**1100224** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | $**270756711** |

---

---

| | |
|:---|:---|
| <u>Currency Abbreviations</u> | <u>Currency Abbreviations</u> |
| TWD | New Taiwan Dollar |
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depositary Receipt |
| (A) | This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (B) | Non-income producing security. |
| (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) | The rate shown is the annualized seven-day yield as of 12-31-25. |

---

#### DERIVATIVES

#### SWAPS

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** | **Total return swaps** |
| **Pay/<br> receive<br> total<br> return\*** | &nbsp;&nbsp;**Reference<br> entity** | &nbsp;&nbsp;**Floating/<br> fixed<br> rate** | &nbsp;&nbsp;**Payment<br> frequency** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Notional<br> amount** | &nbsp;&nbsp;**Maturity<br> date** | &nbsp;&nbsp;**Counterparty<br> (OTC)** | &nbsp;&nbsp;**Unamortized<br> upfront<br> payment paid<br> (received)** | &nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** | &nbsp;&nbsp;**Value** |
| Receive | &nbsp;&nbsp;Ninebot, Ltd., CDR | &nbsp;&nbsp;USD SOFR Compounded OIS + 0.85% | &nbsp;&nbsp;At Maturity | &nbsp;&nbsp;USD | &nbsp;&nbsp;291356 | &nbsp;&nbsp;Dec 2028 | &nbsp;&nbsp;HSBC | &nbsp;&nbsp;— | &nbsp;&nbsp;$(13515) | &nbsp;&nbsp;$(13515) |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp;**—** | &nbsp;&nbsp;**$(13515)** | &nbsp;&nbsp;**$(13515)** |

---

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

\* Portfolio will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the portfolio has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the portfolio has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative.

<u>Derivatives Currency Abbreviations</u> <br> USD U.S. Dollar

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 17 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Disciplined Value Emerging Markets Equity Trust (continued)

---

| | |
|:---|:---|
| <u>Derivatives Abbreviations</u> | <u>Derivatives Abbreviations</u> |
| CDR | Chinese Depositary Receipt |
| HSBC | HSBC Bank PLC |
| OIS | Overnight Index Swap |
| OTC | Over-the-counter |
| SOFR | Secured Overnight Financing Rate |

---

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

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

#### Disciplined Value International Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 97.4%** | **COMMON STOCKS - 97.4%** |  |
| **Australia - 2.2%** |  |  |
| Rio Tinto, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75707 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7385661 |
| **Austria - 0.6%** |  |  |
| ANDRITZ AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932150 |
| **Bermuda - 3.1%** |  |  |
| Everest Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4454647 |
| Hiscox, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6284733 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10739380 |
| **Brazil - 1.2%** |  |  |
| Itau Unibanco Holding SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2613909 |
| TIM SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551998 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4165907 |
| **Canada - 5.2%** |  |  |
| Allied Gold Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2681665 |
| Equinox Gold Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2276924 |
| Hammond Power Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108941 |
| Kinross Gold Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2944024 |
| Nutrien, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4992095 |
| Teck Resources, Ltd., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3915647 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17919296 |
| **China - 1.5%** |  |  |
| Alibaba Group Holding, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3347202 |
| Tongcheng Travel Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1678839 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5026041 |
| **Denmark - 3.4%** |  |  |
| Danske Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8515285 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3277122 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11792407 |
| **Finland - 1.0%** |  |  |
| Nordea Bank ABP (Stockholm Stock Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3569248 |
| **France - 10.0%** |  |  |
| Bureau Veritas SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4848078 |
| Capgemini SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6583801 |
| Eurazeo SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1594711 |
| Ipsen SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918527 |
| Pernod Ricard SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1708242 |
| Rexel SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2698440 |
| Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5854744 |
| SPIE SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3252687 |
| Vallourec SACA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5835830 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34295060 |
| **Germany - 2.5%** |  |  |
| Merck KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3255797 |
| Siemens AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2384567 |
| Zalando SE (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2781686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8422050 |
| **Hong Kong - 2.5%** |  |  |
| CK Hutchison Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2216297 |

---

#### Disciplined Value International Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong (continued)** |  |  |
| Prudential PLC | &nbsp;&nbsp;407249 | $&nbsp;&nbsp;&nbsp;6264722 |
|  |  | &nbsp;&nbsp;&nbsp;8481019 |
| **India - 2.0%** |  |  |
| HDFC Bank, Ltd., ADR | &nbsp;&nbsp;184118 | &nbsp;&nbsp;&nbsp;6727672 |
| **Ireland - 1.5%** |  |  |
| AIB Group PLC | &nbsp;&nbsp;267412 | &nbsp;&nbsp;&nbsp;2858724 |
| ICON PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;11854 | &nbsp;&nbsp;&nbsp;2160036 |
|  |  | &nbsp;&nbsp;&nbsp;5018760 |
| **Italy - 2.9%** |  |  |
| Enel SpA | &nbsp;&nbsp;499983 | &nbsp;&nbsp;&nbsp;5198484 |
| Saipem SpA (C) | 1695001 | &nbsp;&nbsp;&nbsp;4798537 |
|  |  | &nbsp;&nbsp;&nbsp;9997021 |
| **Japan - 17.1%** |  |  |
| Asahi Kasei Corp. | &nbsp;&nbsp;303800 | &nbsp;&nbsp;&nbsp;2700402 |
| Fuji Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;59200 | &nbsp;&nbsp;&nbsp;4489432 |
| Hirose Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;11100 | &nbsp;&nbsp;&nbsp;1228376 |
| Hitachi, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69600 | &nbsp;&nbsp;&nbsp;2182765 |
| Japan Post Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;64400 | &nbsp;&nbsp;&nbsp;1936736 |
| KDDI Corp. | &nbsp;&nbsp;208300 | &nbsp;&nbsp;&nbsp;3605194 |
| Kyocera Corp. | &nbsp;&nbsp;181900 | &nbsp;&nbsp;&nbsp;2550002 |
| Mitsubishi Chemical Group Corp. | &nbsp;&nbsp;226300 | &nbsp;&nbsp;&nbsp;1324677 |
| Mitsubishi Electric Corp. | &nbsp;&nbsp;120300 | &nbsp;&nbsp;&nbsp;3507568 |
| Osaka Gas Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;53900 | &nbsp;&nbsp;&nbsp;1872856 |
| Resona Holdings, Inc. | &nbsp;&nbsp;458900 | &nbsp;&nbsp;&nbsp;4367678 |
| SMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;3598408 |
| Sony Group Corp. | &nbsp;&nbsp;227100 | &nbsp;&nbsp;&nbsp;5825335 |
| Sugi Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;93200 | &nbsp;&nbsp;&nbsp;2191024 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;238700 | &nbsp;&nbsp;&nbsp;7676929 |
| Suzuken Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;66600 | &nbsp;&nbsp;&nbsp;2606390 |
| Suzuki Motor Corp. | &nbsp;&nbsp;287200 | &nbsp;&nbsp;&nbsp;4295210 |
| Toyo Suisan Kaisha, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;2744064 |
|  |  | 58703046 |
| **Luxembourg - 0.6%** |  |  |
| Millicom International Cellular SA | &nbsp;&nbsp;&nbsp;&nbsp;38445 | &nbsp;&nbsp;&nbsp;2131391 |
| **Mexico - 2.1%** |  |  |
| America Movil SAB de CV, ADR | &nbsp;&nbsp;127239 | &nbsp;&nbsp;&nbsp;2630030 |
| Coca-Cola Femsa SAB de CV, ADR | &nbsp;&nbsp;&nbsp;&nbsp;48585 | &nbsp;&nbsp;&nbsp;4601485 |
|  |  | &nbsp;&nbsp;&nbsp;7231515 |
| **Netherlands - 4.1%** |  |  |
| Euronext NV (B) | &nbsp;&nbsp;&nbsp;&nbsp;26850 | &nbsp;&nbsp;&nbsp;4033345 |
| Heineken NV | &nbsp;&nbsp;&nbsp;&nbsp;60969 | &nbsp;&nbsp;&nbsp;5030358 |
| IMCD NV | &nbsp;&nbsp;&nbsp;&nbsp;29279 | &nbsp;&nbsp;&nbsp;2657428 |
| Prosus NV (A) | &nbsp;&nbsp;&nbsp;&nbsp;35898 | &nbsp;&nbsp;&nbsp;2222764 |
|  |  | 13943895 |
| **Norway - 0.9%** |  |  |
| Norsk Hydro ASA | &nbsp;&nbsp;405157 | &nbsp;&nbsp;&nbsp;3127476 |
| **South Korea - 9.7%** |  |  |
| HD Korea Shipbuilding & Offshore Engineering Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9704 | &nbsp;&nbsp;&nbsp;2738193 |
| KB Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31323 | &nbsp;&nbsp;&nbsp;2696430 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 18 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Disciplined Value International Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **South Korea (continued)** |  |  |
| KT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82551 | $&nbsp;&nbsp;&nbsp;&nbsp;3011881 |
| KT Corp., ADR | &nbsp;&nbsp;104810 | &nbsp;&nbsp;&nbsp;&nbsp;1988246 |
| NAVER Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24955 | &nbsp;&nbsp;&nbsp;&nbsp;4194972 |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;156791 | &nbsp;&nbsp;&nbsp;13141420 |
| Samsung Fire & Marine Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9576 | &nbsp;&nbsp;&nbsp;&nbsp;3299206 |
| SK, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12109 | &nbsp;&nbsp;&nbsp;&nbsp;2160907 |
|  |  | &nbsp;&nbsp;&nbsp;33231255 |
| **Spain - 3.0%** |  |  |
| Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;290367 | &nbsp;&nbsp;&nbsp;&nbsp;6811188 |
| Banco Santander SA | &nbsp;&nbsp;304251 | &nbsp;&nbsp;&nbsp;&nbsp;3581179 |
|  |  | &nbsp;&nbsp;&nbsp;10392367 |
| **Switzerland - 2.8%** |  |  |
| Novartis AG | &nbsp;&nbsp;&nbsp;&nbsp;21702 | &nbsp;&nbsp;&nbsp;&nbsp;2990446 |
| Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;8625 | &nbsp;&nbsp;&nbsp;&nbsp;3561868 |
| Sandoz Group AG | &nbsp;&nbsp;&nbsp;&nbsp;41302 | &nbsp;&nbsp;&nbsp;&nbsp;2998780 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9551094 |
| **United Kingdom - 17.5%** |  |  |
| AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;41570 | &nbsp;&nbsp;&nbsp;&nbsp;7692884 |
| Babcock International Group PLC | &nbsp;&nbsp;402768 | &nbsp;&nbsp;&nbsp;&nbsp;6712027 |
| BAE Systems PLC | &nbsp;&nbsp;195035 | &nbsp;&nbsp;&nbsp;&nbsp;4488724 |
| Beazley PLC | &nbsp;&nbsp;333414 | &nbsp;&nbsp;&nbsp;&nbsp;3728418 |
| Diageo PLC | &nbsp;&nbsp;153393 | &nbsp;&nbsp;&nbsp;&nbsp;3305287 |
| Endeavour Mining PLC | &nbsp;&nbsp;&nbsp;&nbsp;86774 | &nbsp;&nbsp;&nbsp;&nbsp;4468461 |
| Hikma Pharmaceuticals PLC | &nbsp;&nbsp;248365 | &nbsp;&nbsp;&nbsp;&nbsp;5177628 |
| IMI PLC | &nbsp;&nbsp;&nbsp;&nbsp;43181 | &nbsp;&nbsp;&nbsp;&nbsp;1440378 |
| Informa PLC | &nbsp;&nbsp;221328 | &nbsp;&nbsp;&nbsp;&nbsp;2626097 |
| NatWest Group PLC | &nbsp;&nbsp;634634 | &nbsp;&nbsp;&nbsp;&nbsp;5567164 |
| Nomad Foods, Ltd. | &nbsp;&nbsp;244608 | &nbsp;&nbsp;&nbsp;&nbsp;3060046 |
| Shell PLC | &nbsp;&nbsp;&nbsp;&nbsp;52034 | &nbsp;&nbsp;&nbsp;&nbsp;1917563 |
| The Weir Group PLC | &nbsp;&nbsp;262475 | &nbsp;&nbsp;&nbsp;10032540 |
|  |  | &nbsp;&nbsp;&nbsp;60217217 |
| TOTAL COMMON STOCKS (Cost $278,094,897) | TOTAL COMMON STOCKS (Cost $278,094,897) | $334000928 |
| **SHORT-TERM INVESTMENTS - 3.6%** | **SHORT-TERM INVESTMENTS - 3.6%** |  |
| **Short-term funds - 3.6%** |  |  |
| Fidelity Government Portfolio, Institutional Class, 3.6900% (D) | 7594530 | &nbsp;&nbsp;&nbsp;&nbsp;7594530 |
| John Hancock Collateral Trust, 3.7477% (D)(E) | &nbsp;&nbsp;483224 | &nbsp;&nbsp;&nbsp;&nbsp;4834268 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $12,428,674) | TOTAL SHORT-TERM INVESTMENTS (Cost $12,428,674) | $&nbsp;&nbsp;&nbsp;12428798 |
| **Total Investments (Disciplined Value International Trust)<br> (Cost $290,523,571) - 101.0%** | **Total Investments (Disciplined Value International Trust)<br> (Cost $290,523,571) - 101.0%** | $**346429726** |
| **Other assets and liabilities, net - (1.0%)** | **Other assets and liabilities, net - (1.0%)** | &nbsp;&nbsp;&nbsp;**(3277662)** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | $**343152064** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (E) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Equity Income Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.4%** | **COMMON STOCKS – 98.4%** |  |
| **Communication services – 6.7%** |  |  |
| **Entertainment – 1.0%** | **Entertainment – 1.0%** |  |
| The Walt Disney Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76187 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8667795 |
| **Interactive media and services – 4.0%** | **Interactive media and services – 4.0%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17070081 |
| Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12962450 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4765850 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34798381 |
| **Media – 1.3%** | **Media – 1.3%** |  |
| Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3951189 |
| News Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6885676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10836865 |
| **Wireless telecommunication services – 0.4%** | **Wireless telecommunication services – 0.4%** |  |
| T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3528632 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57831673 |
| **Consumer discretionary – 4.1%** |  |  |
| **Broadline retail – 1.5%** | **Broadline retail – 1.5%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13232680 |
| **Hotels, restaurants and leisure – 1.3%** | **Hotels, restaurants and leisure – 1.3%** |  |
| Las Vegas Sands Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11077146 |
| **Leisure products – 0.4%** | **Leisure products – 0.4%** |  |
| Mattel, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386152 |
| **Specialty retail – 0.9%** | **Specialty retail – 0.9%** |  |
| The Home Depot, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7718163 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35414141 |
| **Consumer staples – 6.8%** |  |  |
| **Beverages – 0.1%** | **Beverages – 0.1%** |  |
| Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588462 |
| **Consumer staples distribution and retail – 0.5%** | **Consumer staples distribution and retail – 0.5%** |  |
| Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4905605 |
| **Food products – 1.0%** | **Food products – 1.0%** |  |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1729598 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6863933 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8593531 |
| **Household products – 3.3%** | **Household products – 3.3%** |  |
| Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11407564 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6725327 |
| The Procter & Gamble Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10256267 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28389158 |
| **Personal care products – 0.7%** | **Personal care products – 0.7%** |  |
| Kenvue, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6257351 |
| **Tobacco – 1.2%** | **Tobacco – 1.2%** |  |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10529458 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59263565 |
| **Energy – 8.4%** |  |  |
| **Energy equipment and services – 0.6%** | **Energy equipment and services – 0.6%** |  |
| SLB, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4724655 |
| **Oil, gas and consumable fuels – 7.8%** | **Oil, gas and consumable fuels – 7.8%** |  |
| Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6562013 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11452435 |
| EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4223397 |
| EQT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531046 |
| Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6230153 |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10388471 |
| Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602031 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552351 |
| South Bow Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2866008 |
| TC Energy Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3653764 |
| The Williams Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3649398 |
| TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11937035 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 19 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Equity Income Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| TotalEnergies SE (B) | &nbsp;&nbsp;33409 | $&nbsp;&nbsp;&nbsp;&nbsp;2185617 |
|  |  | &nbsp;&nbsp;&nbsp;67833719 |
|  |  | &nbsp;&nbsp;&nbsp;72558374 |
| **Financials – 22.9%** |  |  |
| **Banks – 10.5%** | **Banks – 10.5%** |  |
| Bank of America Corp. | 267322 | &nbsp;&nbsp;&nbsp;14702710 |
| Citigroup, Inc. | 153597 | &nbsp;&nbsp;&nbsp;17923234 |
| Fifth Third Bancorp | 206817 | &nbsp;&nbsp;&nbsp;&nbsp;9681104 |
| Huntington Bancshares, Inc. | 517264 | &nbsp;&nbsp;&nbsp;&nbsp;8974530 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;52137 | &nbsp;&nbsp;&nbsp;16799584 |
| U.S. Bancorp | 212184 | &nbsp;&nbsp;&nbsp;11322138 |
| Wells Fargo & Company | 120484 | &nbsp;&nbsp;&nbsp;11229109 |
|  |  | &nbsp;&nbsp;&nbsp;90632409 |
| **Capital markets – 2.7%** | **Capital markets – 2.7%** |  |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;9273 | &nbsp;&nbsp;&nbsp;&nbsp;1646236 |
| State Street Corp. | &nbsp;&nbsp;38771 | &nbsp;&nbsp;&nbsp;&nbsp;5001847 |
| The Charles Schwab Corp. | 167078 | &nbsp;&nbsp;&nbsp;16692763 |
|  |  | &nbsp;&nbsp;&nbsp;23340846 |
| **Consumer finance – 0.2%** | **Consumer finance – 0.2%** |  |
| Capital One Financial Corp. | &nbsp;&nbsp;&nbsp;5929 | &nbsp;&nbsp;&nbsp;&nbsp;1436952 |
| **Financial services – 2.2%** | **Financial services – 2.2%** |  |
| Apollo Global Management, Inc. | &nbsp;&nbsp;16571 | &nbsp;&nbsp;&nbsp;&nbsp;2398818 |
| Corebridge Financial, Inc. | &nbsp;&nbsp;79343 | &nbsp;&nbsp;&nbsp;&nbsp;2393778 |
| Equitable Holdings, Inc. | 223786 | &nbsp;&nbsp;&nbsp;10663403 |
| Fiserv, Inc. (A) | &nbsp;&nbsp;41704 | &nbsp;&nbsp;&nbsp;&nbsp;2801258 |
| Global Payments, Inc. | &nbsp;&nbsp;10194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789016 |
|  |  | &nbsp;&nbsp;&nbsp;19046273 |
| **Insurance – 7.3%** | **Insurance – 7.3%** |  |
| American International Group, Inc. | 133291 | &nbsp;&nbsp;&nbsp;11403045 |
| Chubb, Ltd. | &nbsp;&nbsp;39292 | &nbsp;&nbsp;&nbsp;12263819 |
| Loews Corp. | 101757 | &nbsp;&nbsp;&nbsp;10716030 |
| MetLife, Inc. | 226422 | &nbsp;&nbsp;&nbsp;17873753 |
| The Allstate Corp. | &nbsp;&nbsp;31420 | &nbsp;&nbsp;&nbsp;&nbsp;6540073 |
| The Hartford Insurance Group, Inc. | &nbsp;&nbsp;34215 | &nbsp;&nbsp;&nbsp;&nbsp;4714827 |
|  |  | &nbsp;&nbsp;&nbsp;63511547 |
|  |  | 197968027 |
| **Health care – 13.4%** |  |  |
| **Biotechnology – 0.3%** | **Biotechnology – 0.3%** |  |
| Biogen, Inc. (A) | &nbsp;&nbsp;16193 | &nbsp;&nbsp;&nbsp;&nbsp;2849806 |
| **Health care equipment and supplies – 3.6%** | **Health care equipment and supplies – 3.6%** |  |
| Becton, Dickinson and Company | &nbsp;&nbsp;66955 | &nbsp;&nbsp;&nbsp;12993957 |
| Medtronic PLC | &nbsp;&nbsp;76011 | &nbsp;&nbsp;&nbsp;&nbsp;7301617 |
| Zimmer Biomet Holdings, Inc. | 119740 | &nbsp;&nbsp;&nbsp;10767021 |
|  |  | &nbsp;&nbsp;&nbsp;31062595 |
| **Health care providers and services – 4.7%** | **Health care providers and services – 4.7%** |  |
| Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp;3709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762200 |
| CVS Health Corp. | 143375 | &nbsp;&nbsp;&nbsp;11378240 |
| Elevance Health, Inc. | &nbsp;&nbsp;37825 | &nbsp;&nbsp;&nbsp;13259554 |
| Humana, Inc. | &nbsp;&nbsp;&nbsp;3929 | &nbsp;&nbsp;&nbsp;&nbsp;1006335 |
| The Cigna Group | &nbsp;&nbsp;27398 | &nbsp;&nbsp;&nbsp;&nbsp;7540752 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;20548 | &nbsp;&nbsp;&nbsp;&nbsp;6783100 |
|  |  | &nbsp;&nbsp;&nbsp;40730181 |
| **Life sciences tools and services – 0.6%** | **Life sciences tools and services – 0.6%** |  |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;8710 | &nbsp;&nbsp;&nbsp;&nbsp;5047010 |
| **Pharmaceuticals – 4.2%** | **Pharmaceuticals – 4.2%** |  |
| AstraZeneca PLC, ADR | &nbsp;&nbsp;70523 | &nbsp;&nbsp;&nbsp;&nbsp;6483179 |
| Bristol-Myers Squibb Company | &nbsp;&nbsp;79751 | &nbsp;&nbsp;&nbsp;&nbsp;4301769 |
| Johnson & Johnson | &nbsp;&nbsp;19565 | &nbsp;&nbsp;&nbsp;&nbsp;4048977 |
| Merck & Company, Inc. | &nbsp;&nbsp;76515 | &nbsp;&nbsp;&nbsp;&nbsp;8053969 |
| Novo Nordisk A/S, ADR | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361248 |
| Sanofi SA | &nbsp;&nbsp;35705 | &nbsp;&nbsp;&nbsp;&nbsp;3454643 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |  |
| Sanofi SA, ADR | &nbsp;&nbsp;39223 | $&nbsp;&nbsp;&nbsp;&nbsp;1900747 |
| Viatris, Inc. | 649937 | &nbsp;&nbsp;&nbsp;&nbsp;8091716 |
|  |  | &nbsp;&nbsp;&nbsp;36696248 |
|  |  | 116385840 |
| **Industrials – 13.7%** |  |  |
| **Aerospace and defense – 4.1%** | **Aerospace and defense – 4.1%** |  |
| General Electric Company | &nbsp;&nbsp;33607 | &nbsp;&nbsp;&nbsp;10351964 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;45774 | &nbsp;&nbsp;&nbsp;13437873 |
| The Boeing Company (A) | &nbsp;&nbsp;54305 | &nbsp;&nbsp;&nbsp;11790702 |
|  |  | &nbsp;&nbsp;&nbsp;35580539 |
| **Air freight and logistics – 0.9%** | **Air freight and logistics – 0.9%** |  |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;75244 | &nbsp;&nbsp;&nbsp;&nbsp;7463452 |
| **Electrical equipment – 0.7%** | **Electrical equipment – 0.7%** |  |
| Rockwell Automation, Inc. | &nbsp;&nbsp;16034 | &nbsp;&nbsp;&nbsp;&nbsp;6238348 |
| **Ground transportation – 1.9%** | **Ground transportation – 1.9%** |  |
| CSX Corp. | 250484 | &nbsp;&nbsp;&nbsp;&nbsp;9080045 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;5769 | &nbsp;&nbsp;&nbsp;&nbsp;1665626 |
| Union Pacific Corp. | &nbsp;&nbsp;24112 | &nbsp;&nbsp;&nbsp;&nbsp;5577588 |
|  |  | &nbsp;&nbsp;&nbsp;16323259 |
| **Industrial conglomerates – 1.5%** | **Industrial conglomerates – 1.5%** |  |
| 3M Company | &nbsp;&nbsp;11526 | &nbsp;&nbsp;&nbsp;&nbsp;1845313 |
| Siemens AG | &nbsp;&nbsp;41114 | &nbsp;&nbsp;&nbsp;11515060 |
|  |  | &nbsp;&nbsp;&nbsp;13360373 |
| **Machinery – 3.4%** | **Machinery – 3.4%** |  |
| AGCO Corp. (B) | &nbsp;&nbsp;34312 | &nbsp;&nbsp;&nbsp;&nbsp;3579428 |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;4544 | &nbsp;&nbsp;&nbsp;&nbsp;2319485 |
| Dover Corp. | &nbsp;&nbsp;13708 | &nbsp;&nbsp;&nbsp;&nbsp;2676350 |
| Fortive Corp. (B) | 134795 | &nbsp;&nbsp;&nbsp;&nbsp;7442032 |
| Stanley Black & Decker, Inc. | 146275 | &nbsp;&nbsp;&nbsp;10865307 |
| The Middleby Corp. (A) | &nbsp;&nbsp;16469 | &nbsp;&nbsp;&nbsp;&nbsp;2448446 |
|  |  | &nbsp;&nbsp;&nbsp;29331048 |
| **Passenger airlines – 1.2%** | **Passenger airlines – 1.2%** |  |
| Southwest Airlines Company | 252938 | &nbsp;&nbsp;&nbsp;10453928 |
|  |  | 118750947 |
| **Information technology – 10.2%** |  |  |
| **Electronic equipment, instruments and components – 0.6%** | **Electronic equipment, instruments and components – 0.6%** |  |
| Ralliant Corp. | &nbsp;&nbsp;66759 | &nbsp;&nbsp;&nbsp;&nbsp;3398701 |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;4411 | &nbsp;&nbsp;&nbsp;&nbsp;1003547 |
| Teledyne Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;1594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814104 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5216352 |
| **IT services – 0.7%** | **IT services – 0.7%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;21374 | &nbsp;&nbsp;&nbsp;&nbsp;5734644 |
| **Semiconductors and semiconductor equipment – 5.2%** | **Semiconductors and semiconductor equipment – 5.2%** |  |
| Advanced Micro Devices, Inc. (A) | &nbsp;&nbsp;28388 | &nbsp;&nbsp;&nbsp;&nbsp;6079574 |
| Applied Materials, Inc. | &nbsp;&nbsp;31250 | &nbsp;&nbsp;&nbsp;&nbsp;8030938 |
| Intel Corp. (A) | 135931 | &nbsp;&nbsp;&nbsp;&nbsp;5015854 |
| Qualcomm, Inc. | 106465 | &nbsp;&nbsp;&nbsp;18210838 |
| Texas Instruments, Inc. | &nbsp;&nbsp;43328 | &nbsp;&nbsp;&nbsp;&nbsp;7516975 |
|  |  | &nbsp;&nbsp;&nbsp;44854179 |
| **Software – 2.2%** | **Software – 2.2%** |  |
| Microsoft Corp. | &nbsp;&nbsp;18460 | &nbsp;&nbsp;&nbsp;&nbsp;8927625 |
| Salesforce, Inc. | &nbsp;&nbsp;39237 | &nbsp;&nbsp;&nbsp;10394274 |
|  |  | &nbsp;&nbsp;&nbsp;19321899 |
| **Technology hardware, storage and peripherals – 1.5%** | **Technology hardware, storage and peripherals – 1.5%** |  |
| Samsung Electronics Company, Ltd. | 158218 | &nbsp;&nbsp;&nbsp;13261024 |
|  |  | &nbsp;&nbsp;&nbsp;88388098 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 20 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Equity Income Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Materials – 2.9%** |  |  |
| **Chemicals – 1.0%** | **Chemicals – 1.0%** |  |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;109568 | $&nbsp;&nbsp;&nbsp;&nbsp;8473989 |
| **Containers and packaging – 1.4%** | **Containers and packaging – 1.4%** |  |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10936 | &nbsp;&nbsp;&nbsp;&nbsp;1989040 |
| International Paper Company (B) | &nbsp;&nbsp;269557 | &nbsp;&nbsp;&nbsp;10617850 |
|  |  | &nbsp;&nbsp;&nbsp;12606890 |
| **Paper and forest products – 0.5%** | **Paper and forest products – 0.5%** |  |
| West Fraser Timber Company, Ltd. (B) | &nbsp;&nbsp;&nbsp;&nbsp;69970 | &nbsp;&nbsp;&nbsp;&nbsp;4275867 |
|  |  | &nbsp;&nbsp;&nbsp;25356746 |
| **Real estate – 3.5%** |  |  |
| **Industrial REITs – 0.6%** | **Industrial REITs – 0.6%** |  |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;134350 | &nbsp;&nbsp;&nbsp;&nbsp;5202032 |
| **Residential REITs – 1.5%** | **Residential REITs – 1.5%** |  |
| Equity Residential | &nbsp;&nbsp;175042 | &nbsp;&nbsp;&nbsp;11034648 |
| Sun Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11505 | &nbsp;&nbsp;&nbsp;&nbsp;1425585 |
|  |  | &nbsp;&nbsp;&nbsp;12460233 |
| **Specialized REITs – 1.4%** | **Specialized REITs – 1.4%** |  |
| CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp;19243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693710 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;37330 | &nbsp;&nbsp;&nbsp;&nbsp;1484987 |
| Rayonier, Inc. | &nbsp;&nbsp;184075 | &nbsp;&nbsp;&nbsp;&nbsp;3985224 |
| Weyerhaeuser Company | &nbsp;&nbsp;259238 | &nbsp;&nbsp;&nbsp;&nbsp;6141348 |
|  |  | &nbsp;&nbsp;&nbsp;12305269 |
|  |  | &nbsp;&nbsp;&nbsp;29967534 |
| **Utilities – 5.8%** |  |  |
| **Electric utilities – 3.8%** | **Electric utilities – 3.8%** |  |
| Alliant Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;91125 | &nbsp;&nbsp;&nbsp;&nbsp;5924036 |
| NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86942 | &nbsp;&nbsp;&nbsp;&nbsp;6979704 |
| The Southern Company | &nbsp;&nbsp;191149 | &nbsp;&nbsp;&nbsp;16668184 |
| Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47487 | &nbsp;&nbsp;&nbsp;&nbsp;3507390 |
|  |  | &nbsp;&nbsp;&nbsp;33079314 |
| **Multi-utilities – 2.0%** | **Multi-utilities – 2.0%** |  |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;86014 | &nbsp;&nbsp;&nbsp;&nbsp;8589358 |
| Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21749 | &nbsp;&nbsp;&nbsp;&nbsp;1274274 |
| Sempra | &nbsp;&nbsp;&nbsp;&nbsp;86434 | &nbsp;&nbsp;&nbsp;&nbsp;7631258 |
|  |  | &nbsp;&nbsp;&nbsp;17494890 |
|  |  | &nbsp;&nbsp;&nbsp;50574204 |
| TOTAL COMMON STOCKS (Cost $681,155,380) | TOTAL COMMON STOCKS (Cost $681,155,380) | $852459149 |
| **PREFERRED SECURITIES – 0.8%** |  |  |
| **Consumer discretionary – 0.1%** |  |  |
| **Automobiles – 0.1%** | **Automobiles – 0.1%** |  |
| Volkswagen AG | &nbsp;&nbsp;&nbsp;&nbsp;6765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825592 |
| **Industrials – 0.5%** |  |  |
| **Aerospace and defense – 0.5%** | **Aerospace and defense – 0.5%** |  |
| The Boeing Company, 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;59174 | &nbsp;&nbsp;&nbsp;&nbsp;4086556 |
| **Utilities – 0.2%** |  |  |
| **Electric utilities – 0.2%** | **Electric utilities – 0.2%** |  |
| The Southern Company, 7.125% | &nbsp;&nbsp;&nbsp;&nbsp;43483 | &nbsp;&nbsp;&nbsp;&nbsp;2189804 |
| TOTAL PREFERRED SECURITIES (Cost $6,065,855) | TOTAL PREFERRED SECURITIES (Cost $6,065,855) | $&nbsp;&nbsp;&nbsp;&nbsp;7101952 |
| **SHORT-TERM INVESTMENTS – 2.5%** | **SHORT-TERM INVESTMENTS – 2.5%** |  |
| **Short-term funds – 2.5%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | 1513264 | &nbsp;&nbsp;&nbsp;15138999 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS (continued)** | **SHORT-TERM INVESTMENTS (continued)** |  |
| **Short-term funds (continued)** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (C) | 2995424 | $&nbsp;&nbsp;&nbsp;&nbsp;2995424 |
| T. Rowe Price Government Reserve Fund, 3.7374% (C) | 3748126 | &nbsp;&nbsp;&nbsp;&nbsp;3748126 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $21,882,655) | TOTAL SHORT-TERM INVESTMENTS (Cost $21,882,655) | $&nbsp;&nbsp;&nbsp;21882549 |
| **Total Investments (Equity Income Trust)<br> (Cost $709,103,890) – 101.7%** | **Total Investments (Equity Income Trust)<br> (Cost $709,103,890) – 101.7%** | $**881443650** |
| **Other assets and liabilities, net – (1.7%)** | **Other assets and liabilities, net – (1.7%)** | &nbsp;&nbsp;**(15123262)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**866320388** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Financial Industries Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 99.1%** | **COMMON STOCKS – 99.1%** |  |
| **Financials – 99.1%** |  |  |
| **Banks – 51.8%** | **Banks – 51.8%** |  |
| American Business Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29712 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1925338 |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6173365 |
| Bank of Ireland Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3572204 |
| CaixaBank SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3985997 |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6233929 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5993742 |
| Coastal Financial Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1415874 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4710749 |
| Eastern Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1889886 |
| Fifth Third Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3740774 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5827671 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1740384 |
| Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2852847 |
| Popular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3930598 |
| Regions Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4485213 |
| Renasant Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333394 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904253 |
| Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2349697 |
| Wells Fargo & Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4223731 |
| Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3054500 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72344146 |
| **Capital markets – 20.7%** | **Capital markets – 20.7%** |  |
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772337 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2354089 |
| KKR & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2422502 |
| Marex Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1833339 |
| Miami International Holdings, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1929642 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5863461 |
| Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3765342 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4005294 |
| The Charles Schwab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4937053 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28883059 |
| **Consumer finance – 6.6%** | **Consumer finance – 6.6%** |  |
| American Express Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3371354 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 21 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Financial Industries Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer finance (continued)** | **Consumer finance (continued)** |  |
| Capital One Financial Corp. | &nbsp;&nbsp;24272 | $&nbsp;&nbsp;&nbsp;&nbsp;5882562 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9253916 |
| **Financial services – 5.3%** | **Financial services – 5.3%** |  |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;4925 | &nbsp;&nbsp;&nbsp;&nbsp;2811584 |
| Visa, Inc., Class A | &nbsp;&nbsp;13084 | &nbsp;&nbsp;&nbsp;&nbsp;4588690 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7400274 |
| **Insurance – 14.7%** | **Insurance – 14.7%** |  |
| American Integrity Insurance Group, Inc. (A) | &nbsp;&nbsp;79758 | &nbsp;&nbsp;&nbsp;&nbsp;1661359 |
| Aon PLC, Class A | &nbsp;&nbsp;&nbsp;6937 | &nbsp;&nbsp;&nbsp;&nbsp;2447929 |
| Bowhead Specialty Holdings, Inc. (A) | &nbsp;&nbsp;15922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454414 |
| Chubb, Ltd. | &nbsp;&nbsp;&nbsp;6678 | &nbsp;&nbsp;&nbsp;&nbsp;2084337 |
| NN Group NV | &nbsp;&nbsp;56753 | &nbsp;&nbsp;&nbsp;&nbsp;4378189 |
| Palomar Holdings, Inc. (A)(B) | &nbsp;&nbsp;19286 | &nbsp;&nbsp;&nbsp;&nbsp;2598981 |
| The Hartford Insurance Group, Inc. | &nbsp;&nbsp;28195 | &nbsp;&nbsp;&nbsp;&nbsp;3885271 |
| Unum Group | &nbsp;&nbsp;38423 | &nbsp;&nbsp;&nbsp;&nbsp;2977783 |
|  |  | &nbsp;&nbsp;&nbsp;20488263 |
|  |  | 138369658 |
| TOTAL COMMON STOCKS (Cost $113,228,532) | TOTAL COMMON STOCKS (Cost $113,228,532) | $138369658 |
| **SHORT-TERM INVESTMENTS – 2.6%** | **SHORT-TERM INVESTMENTS – 2.6%** |  |
| **Short-term funds – 2.6%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | 364473 | &nbsp;&nbsp;&nbsp;&nbsp;3646260 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,646,285) | TOTAL SHORT-TERM INVESTMENTS (Cost $3,646,285) | $&nbsp;&nbsp;&nbsp;&nbsp;3646260 |
| **Total Investments (Financial Industries Trust)<br> (Cost $116,874,817) – 101.7%** | **Total Investments (Financial Industries Trust)<br> (Cost $116,874,817) – 101.7%** | $**142015918** |
| **Other assets and liabilities, net – (1.7%)** | **Other assets and liabilities, net – (1.7%)** | &nbsp;&nbsp;&nbsp;**(2390152)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**139625766** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $2,380,090. |

---

#### Fundamental All Cap Core Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.7%** | **COMMON STOCKS – 98.7%** |  |
| **Communication services – 11.9%** |  |  |
| **Entertainment – 1.4%** | **Entertainment – 1.4%** |  |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377382 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37175901 |
| **Interactive media and services – 10.5%** | **Interactive media and services – 10.5%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185799617 |
| CarGurus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24716038 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58587608 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269103263 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306279164 |
| **Consumer discretionary – 17.7%** |  |  |
| **Automobile components – 1.1%** | **Automobile components – 1.1%** |  |
| Fox Factory Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6642136 |

---

#### Fundamental All Cap Core Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobile components (continued)** | **Automobile components (continued)** |  |
| Mobileye Global, Inc., Class A (A) | 2014915 | $&nbsp;&nbsp;&nbsp;21035713 |
|  |  | &nbsp;&nbsp;&nbsp;27677849 |
| **Automobiles – 0.9%** | **Automobiles – 0.9%** |  |
| Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp;65060 | &nbsp;&nbsp;&nbsp;24043574 |
| **Broadline retail – 7.8%** | **Broadline retail – 7.8%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;864031 | 199435635 |
| **Hotels, restaurants and leisure – 1.1%** | **Hotels, restaurants and leisure – 1.1%** |  |
| Vail Resorts, Inc. | &nbsp;&nbsp;207409 | &nbsp;&nbsp;&nbsp;27543915 |
| **Household durables – 3.0%** | **Household durables – 3.0%** |  |
| Lennar Corp., Class A | &nbsp;&nbsp;748278 | &nbsp;&nbsp;&nbsp;76922978 |
| **Specialty retail – 3.2%** | **Specialty retail – 3.2%** |  |
| CarMax, Inc. (A) | &nbsp;&nbsp;846784 | &nbsp;&nbsp;&nbsp;32719734 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;129558 | &nbsp;&nbsp;&nbsp;50955161 |
|  |  | &nbsp;&nbsp;&nbsp;83674895 |
| **Textiles, apparel and luxury goods – 0.6%** | **Textiles, apparel and luxury goods – 0.6%** |  |
| Canada Goose Holdings, Inc. (A) | 1158250 | &nbsp;&nbsp;&nbsp;14999338 |
|  |  | 454298184 |
| **Consumer staples – 2.4%** |  |  |
| **Beverages – 0.5%** | **Beverages – 0.5%** |  |
| Diageo PLC, ADR | &nbsp;&nbsp;154170 | &nbsp;&nbsp;&nbsp;13300246 |
| **Food products – 1.4%** | **Food products – 1.4%** |  |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;363111 | &nbsp;&nbsp;&nbsp;35966145 |
| **Personal care products – 0.5%** | **Personal care products – 0.5%** |  |
| BellRing Brands, Inc. (A) | &nbsp;&nbsp;501014 | &nbsp;&nbsp;&nbsp;13392104 |
|  |  | &nbsp;&nbsp;&nbsp;62658495 |
| **Energy – 3.1%** |  |  |
| **Oil, gas and consumable fuels – 3.1%** | **Oil, gas and consumable fuels – 3.1%** |  |
| Cheniere Energy, Inc. | &nbsp;&nbsp;403486 | &nbsp;&nbsp;&nbsp;78433644 |
| **Financials – 8.5%** |  |  |
| **Banks – 2.0%** | **Banks – 2.0%** |  |
| First Hawaiian, Inc. | 2064337 | &nbsp;&nbsp;&nbsp;52227726 |
| **Capital markets – 6.5%** | **Capital markets – 6.5%** |  |
| KKR & Company, Inc. | &nbsp;&nbsp;762552 | &nbsp;&nbsp;&nbsp;97210129 |
| Morgan Stanley | &nbsp;&nbsp;164184 | &nbsp;&nbsp;&nbsp;29147586 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77699 | &nbsp;&nbsp;&nbsp;40604720 |
|  |  | 166962435 |
|  |  | 219190161 |
| **Health care – 18.1%** |  |  |
| **Health care equipment and supplies – 7.3%** | **Health care equipment and supplies – 7.3%** |  |
| Align Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;79285 | &nbsp;&nbsp;&nbsp;12380353 |
| Becton, Dickinson and Company | &nbsp;&nbsp;134807 | &nbsp;&nbsp;&nbsp;26161994 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;341038 | &nbsp;&nbsp;&nbsp;27971937 |
| Hologic, Inc. (A) | 1135905 | &nbsp;&nbsp;&nbsp;84613563 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;398646 | &nbsp;&nbsp;&nbsp;35846248 |
|  |  | 186974095 |
| **Health care providers and services – 6.2%** | **Health care providers and services – 6.2%** |  |
| Elevance Health, Inc. | &nbsp;&nbsp;201344 | &nbsp;&nbsp;&nbsp;70581139 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56960 | &nbsp;&nbsp;&nbsp;46723718 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;128577 | &nbsp;&nbsp;&nbsp;42444553 |
|  |  | 159749410 |
| **Life sciences tools and services – 3.4%** | **Life sciences tools and services – 3.4%** |  |
| Avantor, Inc. (A) | 1805469 | &nbsp;&nbsp;&nbsp;20690675 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;115270 | &nbsp;&nbsp;&nbsp;66793202 |
|  |  | &nbsp;&nbsp;&nbsp;87483877 |
| **Pharmaceuticals – 1.2%** | **Pharmaceuticals – 1.2%** |  |
| Elanco Animal Health, Inc. (A) | 1399679 | &nbsp;&nbsp;&nbsp;31674736 |
|  |  | 465882118 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 22 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Fundamental All Cap Core Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Industrials – 4.8%** |  |  |
| **Electrical equipment – 1.6%** | **Electrical equipment – 1.6%** |  |
| Regal Rexnord Corp. | &nbsp;&nbsp;303458 | $&nbsp;&nbsp;&nbsp;&nbsp;42581227 |
| **Machinery – 1.3%** | **Machinery – 1.3%** |  |
| Fortive Corp. | &nbsp;&nbsp;586554 | &nbsp;&nbsp;&nbsp;&nbsp;32383646 |
| **Trading companies and distributors – 1.9%** | **Trading companies and distributors – 1.9%** |  |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58978 | &nbsp;&nbsp;&nbsp;&nbsp;47732075 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;122696948 |
| **Information technology – 28.0%** |  |  |
| **IT services – 1.1%** | **IT services – 1.1%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;103327 | &nbsp;&nbsp;&nbsp;&nbsp;27722634 |
| **Semiconductors and semiconductor equipment – 8.2%** | **Semiconductors and semiconductor equipment – 8.2%** |  |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93271 | &nbsp;&nbsp;&nbsp;&nbsp;25295095 |
| NVIDIA Corp. | &nbsp;&nbsp;535289 | &nbsp;&nbsp;&nbsp;&nbsp;99831399 |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | &nbsp;&nbsp;189285 | &nbsp;&nbsp;&nbsp;&nbsp;57521819 |
| Texas Instruments, Inc. | &nbsp;&nbsp;163553 | &nbsp;&nbsp;&nbsp;&nbsp;28374810 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;211023123 |
| **Software – 15.6%** | **Software – 15.6%** |  |
| Adobe, Inc. (A) | &nbsp;&nbsp;117806 | &nbsp;&nbsp;&nbsp;&nbsp;41230922 |
| Microsoft Corp. | &nbsp;&nbsp;348255 | &nbsp;&nbsp;&nbsp;&nbsp;168423083 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94683 | &nbsp;&nbsp;&nbsp;&nbsp;18454664 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80584 | &nbsp;&nbsp;&nbsp;&nbsp;35870356 |
| Salesforce, Inc. | &nbsp;&nbsp;253253 | &nbsp;&nbsp;&nbsp;&nbsp;67089252 |
| Workday, Inc., Class A (A) | &nbsp;&nbsp;322623 | &nbsp;&nbsp;&nbsp;&nbsp;69292968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;400361245 |
| **Technology hardware, storage and peripherals – 3.1%** | **Technology hardware, storage and peripherals – 3.1%** |  |
| Apple, Inc. | &nbsp;&nbsp;191829 | &nbsp;&nbsp;&nbsp;&nbsp;52150632 |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;326592 | &nbsp;&nbsp;&nbsp;&nbsp;27373273 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;79523905 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;718630907 |
| **Real estate – 4.2%** |  |  |
| **Real estate management and development – 0.4%** | **Real estate management and development – 0.4%** |  |
| Five Point Holdings LLC, Class A (A) | 1710502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9561706 |
| **Specialized REITs – 3.8%** | **Specialized REITs – 3.8%** |  |
| American Tower Corp. | &nbsp;&nbsp;199185 | &nbsp;&nbsp;&nbsp;&nbsp;34970910 |
| Crown Castle, Inc. | &nbsp;&nbsp;398338 | &nbsp;&nbsp;&nbsp;&nbsp;35400298 |
| Millrose Properties, Inc., Class A | &nbsp;&nbsp;902198 | &nbsp;&nbsp;&nbsp;&nbsp;26948654 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;97319862 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;106881568 |
| TOTAL COMMON STOCKS (Cost $1,898,865,761) | TOTAL COMMON STOCKS (Cost $1,898,865,761) | $2534951189 |
| **SHORT-TERM INVESTMENTS – 1.3%** | **SHORT-TERM INVESTMENTS – 1.3%** |  |
| **Short-term funds – 1.3%** |  |  |
| John Hancock Collateral Trust, 3.7477% (B)(C) | 3434506 | &nbsp;&nbsp;&nbsp;&nbsp;34359483 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $34,360,386) | TOTAL SHORT-TERM INVESTMENTS (Cost $34,360,386) | $&nbsp;&nbsp;&nbsp;&nbsp;34359483 |
| **Total Investments (Fundamental All Cap Core Trust)<br> (Cost $1,933,226,147) – 100.0%** | **Total Investments (Fundamental All Cap Core Trust)<br> (Cost $1,933,226,147) – 100.0%** | $**2569310672** |
| **Other assets and liabilities, net – 0.0%** | **Other assets and liabilities, net – 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**136964** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**2569447636** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (C) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Fundamental Large Cap Value Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 96.2%** | **COMMON STOCKS – 96.2%** |  |
| **Communication services – 8.3%** |  |  |
| **Interactive media and services – 5.4%** | **Interactive media and services – 5.4%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101876 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31887188 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13407088 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45294276 |
| **Media – 2.9%** | **Media – 2.9%** |  |
| Charter Communications, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3718464 |
| Comcast Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20805413 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24523877 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69818153 |
| **Consumer discretionary – 8.7%** |  |  |
| **Automobile components – 0.6%** | **Automobile components – 0.6%** |  |
| Mobileye Global, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4972102 |
| **Broadline retail – 1.6%** | **Broadline retail – 1.6%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9333899 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3926904 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13260803 |
| **Hotels, restaurants and leisure – 2.3%** | **Hotels, restaurants and leisure – 2.3%** |  |
| Sodexo SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6690501 |
| Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12806701 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19497202 |
| **Household durables – 2.2%** | **Household durables – 2.2%** |  |
| Lennar Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18271569 |
| **Specialty retail – 0.6%** | **Specialty retail – 0.6%** |  |
| CarMax, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5235256 |
| **Textiles, apparel and luxury goods – 1.4%** | **Textiles, apparel and luxury goods – 1.4%** |  |
| LVMH Moet Hennessy Louis Vuitton SE, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11311504 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72548436 |
| **Consumer staples – 7.4%** |  |  |
| **Beverages – 2.9%** | **Beverages – 2.9%** |  |
| Anheuser-Busch InBev SA/NV, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11036526 |
| Heineken Holding NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7830069 |
| PepsiCo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5500548 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24367143 |
| **Consumer staples distribution and retail – 2.2%** | **Consumer staples distribution and retail – 2.2%** |  |
| Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18279707 |
| **Food products – 2.3%** | **Food products – 2.3%** |  |
| Danone SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9015932 |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10411344 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19427276 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62074126 |
| **Energy – 6.8%** |  |  |
| **Oil, gas and consumable fuels – 6.8%** | **Oil, gas and consumable fuels – 6.8%** |  |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34481087 |
| Chevron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9746620 |
| Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12576415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56804122 |
| **Financials – 16.1%** |  |  |
| **Banks – 6.0%** | **Banks – 6.0%** |  |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16530910 |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14423701 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8375142 |
| Wells Fargo & Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11009530 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50339283 |
| **Capital markets – 9.4%** | **Capital markets – 9.4%** |  |
| KKR & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21597152 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10773408 |
| Nasdaq, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30966307 |
| State Street Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9412828 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 23 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Fundamental Large Cap Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Capital markets (continued)** | **Capital markets (continued)** |  |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6539 | $&nbsp;&nbsp;&nbsp;&nbsp;5747781 |
|  |  | &nbsp;&nbsp;&nbsp;78497476 |
| **Consumer finance – 0.7%** | **Consumer finance – 0.7%** |  |
| American Express Company | &nbsp;&nbsp;&nbsp;&nbsp;16060 | &nbsp;&nbsp;&nbsp;&nbsp;5941397 |
|  |  | 134778156 |
| **Health care – 20.0%** |  |  |
| **Biotechnology – 1.5%** | **Biotechnology – 1.5%** |  |
| Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67636 | &nbsp;&nbsp;&nbsp;&nbsp;8301643 |
| Moderna, Inc. (A) | &nbsp;&nbsp;142763 | &nbsp;&nbsp;&nbsp;&nbsp;4210081 |
|  |  | &nbsp;&nbsp;&nbsp;12511724 |
| **Health care equipment and supplies – 4.0%** | **Health care equipment and supplies – 4.0%** |  |
| Hologic, Inc. (A) | &nbsp;&nbsp;336311 | &nbsp;&nbsp;&nbsp;25051806 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94218 | &nbsp;&nbsp;&nbsp;&nbsp;8472083 |
|  |  | &nbsp;&nbsp;&nbsp;33523889 |
| **Health care providers and services – 3.6%** | **Health care providers and services – 3.6%** |  |
| Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85652 | &nbsp;&nbsp;&nbsp;30025309 |
| **Life sciences tools and services – 2.2%** | **Life sciences tools and services – 2.2%** |  |
| Avantor, Inc. (A) | &nbsp;&nbsp;834850 | &nbsp;&nbsp;&nbsp;&nbsp;9567381 |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39126 | &nbsp;&nbsp;&nbsp;&nbsp;8956724 |
|  |  | &nbsp;&nbsp;&nbsp;18524105 |
| **Pharmaceuticals – 8.7%** | **Pharmaceuticals – 8.7%** |  |
| Elanco Animal Health, Inc. (A) | 1251429 | &nbsp;&nbsp;&nbsp;28319838 |
| GSK PLC, ADR | &nbsp;&nbsp;432069 | &nbsp;&nbsp;&nbsp;21188664 |
| Haleon PLC, ADR | &nbsp;&nbsp;800500 | &nbsp;&nbsp;&nbsp;&nbsp;8093055 |
| Merck & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69129 | &nbsp;&nbsp;&nbsp;&nbsp;7276519 |
| Novartis AG, ADR | &nbsp;&nbsp;&nbsp;&nbsp;61356 | &nbsp;&nbsp;&nbsp;&nbsp;8459152 |
|  |  | &nbsp;&nbsp;&nbsp;73337228 |
|  |  | 167922255 |
| **Industrials – 11.6%** |  |  |
| **Aerospace and defense – 3.4%** | **Aerospace and defense – 3.4%** |  |
| Airbus SE | &nbsp;&nbsp;&nbsp;&nbsp;35318 | &nbsp;&nbsp;&nbsp;&nbsp;8201679 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55663 | &nbsp;&nbsp;&nbsp;16340987 |
| RTX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22614 | &nbsp;&nbsp;&nbsp;&nbsp;4147408 |
|  |  | &nbsp;&nbsp;&nbsp;28690074 |
| **Air freight and logistics – 1.1%** | **Air freight and logistics – 1.1%** |  |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31304 | &nbsp;&nbsp;&nbsp;&nbsp;9042473 |
| **Electrical equipment – 0.6%** | **Electrical equipment – 0.6%** |  |
| Sensata Technologies Holding PLC | &nbsp;&nbsp;160388 | &nbsp;&nbsp;&nbsp;&nbsp;5339317 |
| **Machinery – 4.1%** | **Machinery – 4.1%** |  |
| Fortive Corp. | &nbsp;&nbsp;330364 | &nbsp;&nbsp;&nbsp;18239396 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;15821280 |
|  |  | &nbsp;&nbsp;&nbsp;34060676 |
| **Trading companies and distributors – 2.4%** | **Trading companies and distributors – 2.4%** |  |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24734 | &nbsp;&nbsp;&nbsp;20017721 |
|  |  | &nbsp;&nbsp;&nbsp;97150261 |
| **Information technology – 13.4%** |  |  |
| **Electronic equipment, instruments and components – 1.2%** | **Electronic equipment, instruments and components – 1.2%** |  |
| Vontier Corp. | &nbsp;&nbsp;264131 | &nbsp;&nbsp;&nbsp;&nbsp;9820391 |
| **IT services – 0.8%** | **IT services – 0.8%** |  |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;86733 | &nbsp;&nbsp;&nbsp;&nbsp;7198839 |
| **Semiconductors and semiconductor equipment – 1.8%** | **Semiconductors and semiconductor equipment – 1.8%** |  |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19091 | &nbsp;&nbsp;&nbsp;&nbsp;5177479 |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;31497 | &nbsp;&nbsp;&nbsp;&nbsp;9571623 |
|  |  | &nbsp;&nbsp;&nbsp;14749102 |
| **Software – 7.5%** | **Software – 7.5%** |  |
| Adobe, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;30608 | &nbsp;&nbsp;&nbsp;10712494 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57890 | &nbsp;&nbsp;&nbsp;27996762 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;63497 | $&nbsp;&nbsp;&nbsp;12376200 |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44631 | &nbsp;&nbsp;&nbsp;11823198 |
|  |  | &nbsp;&nbsp;&nbsp;62908654 |
| **Technology hardware, storage and peripherals – 2.1%** | **Technology hardware, storage and peripherals – 2.1%** |  |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;212387 | &nbsp;&nbsp;&nbsp;17801193 |
|  |  | 112478179 |
| **Materials – 1.0%** |  |  |
| **Chemicals – 1.0%** | **Chemicals – 1.0%** |  |
| LyondellBasell Industries NV, Class A | &nbsp;&nbsp;187185 | &nbsp;&nbsp;&nbsp;&nbsp;8105111 |
| **Real estate – 2.9%** |  |  |
| **Specialized REITs – 2.9%** | **Specialized REITs – 2.9%** |  |
| Crown Castle, Inc. | &nbsp;&nbsp;274387 | &nbsp;&nbsp;&nbsp;24384773 |
| TOTAL COMMON STOCKS (Cost $593,643,839) | TOTAL COMMON STOCKS (Cost $593,643,839) | $806063572 |
| **ESCROW CERTIFICATES - 0.0%** |  |  |
| Sino-Forest Corp. (A)(B) | $3244100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| TOTAL ESCROW CERTIFICATES (Cost $3) | TOTAL ESCROW CERTIFICATES (Cost $3) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **SHORT-TERM INVESTMENTS – 3.8%** | **SHORT-TERM INVESTMENTS – 3.8%** |  |
| **Short-term funds – 3.8%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | 3151838 | &nbsp;&nbsp;&nbsp;31531614 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $31,531,363) | TOTAL SHORT-TERM INVESTMENTS (Cost $31,531,363) | $&nbsp;&nbsp;&nbsp;31531614 |
| **Total Investments (Fundamental Large Cap Value Trust)<br> (Cost $625,175,205) – 100.0%** | **Total Investments (Fundamental Large Cap Value Trust)<br> (Cost $625,175,205) – 100.0%** | $**837595186** |
| **Other assets and liabilities, net – 0.0%** | **Other assets and liabilities, net – 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**237724** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**837832910** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | 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. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Global Equity Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 97.0%** | **COMMON STOCKS - 97.0%** |  |
| **Belgium - 1.9%** |  |  |
| Anheuser-Busch InBev SA/NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89476 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5742651 |
| **Denmark - 1.7%** |  |  |
| DSV A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5158017 |
| **France - 6.9%** |  |  |
| Air Liquide SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2782278 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4812597 |
| Publicis Groupe SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3157276 |
| Sanofi SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3041688 |
| Schneider Electric SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3760561 |
| TotalEnergies SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3165163 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20719563 |
| **Germany - 5.4%** |  |  |
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6956380 |
| Deutsche Telekom AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3988020 |
| Heidelberg Materials AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5280018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16224418 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 24 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Global Equity Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong - 1.7%** |  |  |
| Prudential PLC | &nbsp;&nbsp;329952 | $&nbsp;&nbsp;&nbsp;5075657 |
| **Ireland - 8.7%** |  |  |
| Accenture PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;10709 | &nbsp;&nbsp;&nbsp;2873225 |
| CRH PLC | &nbsp;&nbsp;&nbsp;&nbsp;59571 | &nbsp;&nbsp;&nbsp;7434461 |
| Medtronic PLC | &nbsp;&nbsp;&nbsp;&nbsp;64695 | &nbsp;&nbsp;&nbsp;6214602 |
| Ryanair Holdings PLC, ADR | &nbsp;&nbsp;&nbsp;&nbsp;85709 | &nbsp;&nbsp;&nbsp;6187333 |
| Smurfit WestRock PLC | &nbsp;&nbsp;&nbsp;&nbsp;88250 | &nbsp;&nbsp;&nbsp;3412628 |
|  |  | 26122249 |
| **Japan - 7.2%** |  |  |
| Asahi Group Holdings, Ltd. | &nbsp;&nbsp;172800 | &nbsp;&nbsp;&nbsp;1811255 |
| Mitsubishi Estate Company, Ltd. | &nbsp;&nbsp;123900 | &nbsp;&nbsp;&nbsp;3010164 |
| Seven & i Holdings Company, Ltd. | &nbsp;&nbsp;196100 | &nbsp;&nbsp;&nbsp;2817370 |
| Sony Group Corp. | &nbsp;&nbsp;160300 | &nbsp;&nbsp;&nbsp;4111851 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;103300 | &nbsp;&nbsp;&nbsp;3322274 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;218400 | &nbsp;&nbsp;&nbsp;6655706 |
|  |  | 21728620 |
| **Netherlands - 3.6%** |  |  |
| Euronext NV (A) | &nbsp;&nbsp;&nbsp;&nbsp;17145 | &nbsp;&nbsp;&nbsp;2575482 |
| ING Groep NV | &nbsp;&nbsp;291546 | &nbsp;&nbsp;&nbsp;8194832 |
|  |  | 10770314 |
| **Switzerland - 3.7%** |  |  |
| Chubb, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;20176 | &nbsp;&nbsp;&nbsp;6297333 |
| SGS SA | &nbsp;&nbsp;&nbsp;&nbsp;41916 | &nbsp;&nbsp;&nbsp;4793011 |
|  |  | 11090344 |
| **Taiwan - 2.0%** |  |  |
| Taiwan Semiconductor Manufacturing Company, Ltd. | &nbsp;&nbsp;125000 | &nbsp;&nbsp;&nbsp;6144657 |
| **United Kingdom - 5.3%** |  |  |
| BAE Systems PLC | &nbsp;&nbsp;123428 | &nbsp;&nbsp;&nbsp;2840691 |
| Haleon PLC | 1272803 | &nbsp;&nbsp;&nbsp;6431933 |
| National Grid PLC | &nbsp;&nbsp;428443 | &nbsp;&nbsp;&nbsp;6571637 |
|  |  | 15844261 |
| **United States - 48.9%** |  |  |
| Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22776 | &nbsp;&nbsp;&nbsp;3221437 |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14998 | &nbsp;&nbsp;&nbsp;4694374 |
| American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36685 | &nbsp;&nbsp;&nbsp;4230147 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18279 | &nbsp;&nbsp;&nbsp;4957265 |
| Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10866 | &nbsp;&nbsp;&nbsp;2954031 |
| Arthur J. Gallagher & Company | &nbsp;&nbsp;&nbsp;&nbsp;12749 | &nbsp;&nbsp;&nbsp;3299314 |
| AutoZone, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;1438 | &nbsp;&nbsp;&nbsp;4876977 |
| Bank of America Corp. | &nbsp;&nbsp;127536 | &nbsp;&nbsp;&nbsp;7014480 |
| Carrier Global Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57288 | &nbsp;&nbsp;&nbsp;3027098 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18484 | &nbsp;&nbsp;&nbsp;3593105 |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63550 | &nbsp;&nbsp;&nbsp;7415650 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86164 | &nbsp;&nbsp;&nbsp;5032839 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;40881 | &nbsp;&nbsp;&nbsp;3826870 |
| CSX Corp. | &nbsp;&nbsp;186117 | &nbsp;&nbsp;&nbsp;6746741 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14202 | &nbsp;&nbsp;&nbsp;2613452 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74368 | &nbsp;&nbsp;&nbsp;2989594 |
| Emerson Electric Company | &nbsp;&nbsp;&nbsp;&nbsp;40468 | &nbsp;&nbsp;&nbsp;5370913 |
| EQT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57520 | &nbsp;&nbsp;&nbsp;3083072 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55364 | &nbsp;&nbsp;&nbsp;4540955 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32153 | &nbsp;&nbsp;&nbsp;5207500 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17881 | &nbsp;&nbsp;&nbsp;5249325 |
| Lennar Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;24498 | &nbsp;&nbsp;&nbsp;2518394 |
| Lowe's Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25244 | &nbsp;&nbsp;&nbsp;6087843 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10226 | &nbsp;&nbsp;&nbsp;8388286 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17874 | &nbsp;&nbsp;&nbsp;8644225 |
| Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9681 | &nbsp;&nbsp;&nbsp;1552832 |
| Starbucks Corp. | &nbsp;&nbsp;&nbsp;&nbsp;33438 | &nbsp;&nbsp;&nbsp;2815814 |
| The Walt Disney Company | &nbsp;&nbsp;&nbsp;&nbsp;38582 | &nbsp;&nbsp;&nbsp;4389474 |
| TransUnion | &nbsp;&nbsp;&nbsp;&nbsp;54603 | &nbsp;&nbsp;&nbsp;4682207 |
| U.S. Foods Holding Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;54048 | &nbsp;&nbsp;&nbsp;4070895 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United States (continued)** |  |  |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3378 | $&nbsp;&nbsp;&nbsp;&nbsp;2733883 |
| Wells Fargo & Company | &nbsp;&nbsp;&nbsp;&nbsp;78240 | &nbsp;&nbsp;&nbsp;&nbsp;7291968 |
|  |  | 147120960 |
| TOTAL COMMON STOCKS (Cost $238,797,221) | TOTAL COMMON STOCKS (Cost $238,797,221) | $291741711 |
| **PREFERRED SECURITIES - 2.1%** | **PREFERRED SECURITIES - 2.1%** |  |
| **South Korea - 2.1%** |  |  |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;98158 | &nbsp;&nbsp;&nbsp;&nbsp;6092742 |
| TOTAL PREFERRED SECURITIES (Cost $3,808,370) | TOTAL PREFERRED SECURITIES (Cost $3,808,370) | $&nbsp;&nbsp;&nbsp;&nbsp;6092742 |
| **ESCROW CERTIFICATES - 0.0%** |  |  |
| Texas Competitive Electric Holdings Company LLC (B)(C) | $7466240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| TOTAL ESCROW CERTIFICATES (Cost $0) | TOTAL ESCROW CERTIFICATES (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **SHORT-TERM INVESTMENTS - 1.0%** | **SHORT-TERM INVESTMENTS - 1.0%** |  |
| **Short-term funds - 1.0%** |  |  |
| Federated Government Obligations Fund, Institutional Class, 3.6286% (D) | 3069958 | &nbsp;&nbsp;&nbsp;&nbsp;3069958 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,069,958) | TOTAL SHORT-TERM INVESTMENTS (Cost $3,069,958) | $&nbsp;&nbsp;&nbsp;&nbsp;3069958 |
| **Total Investments (Global Equity Trust)<br> (Cost $245,675,549) - 100.1%** | **Total Investments (Global Equity Trust)<br> (Cost $245,675,549) - 100.1%** | $**300904411** |
| **Other assets and liabilities, net - (0.1%)** | **Other assets and liabilities, net - (0.1%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(209761)** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | $**300694650** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (B) | Non-income producing security. |
| (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) | The rate shown is the annualized seven-day yield as of 12-31-25. |

---

#### Health Sciences Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 99.1%** | **COMMON STOCKS – 99.1%** |  |
| **Health care – 99.1%** |  |  |
| **Biotechnology – 42.8%** | **Biotechnology – 42.8%** |  |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30271 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916621 |
| Abivax SA, ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1157191 |
| Agios Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230553 |
| Alkermes PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236571 |
| Allogene Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111485 |
| Alnylam Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5734113 |
| Annexon, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110987 |
| Apogee Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1116047 |
| Arcellx, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594559 |
| Arcutis Biotherapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368808 |
| Argenx SE, ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9639810 |
| Arrowhead Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504564 |
| Ascendis Pharma A/S, ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3202865 |
| Aura Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56822 |
| Beam Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761662 |
| BeOne Medicines, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586961 |
| BeOne Medicines, Ltd., H Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3229137 |
| Bicara Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360515 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 25 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Health Sciences Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Bicycle Therapeutics PLC, ADR (A) | &nbsp;&nbsp;25602 | $&nbsp;&nbsp;&nbsp;&nbsp;181262 |
| Biohaven, Ltd. (A) | &nbsp;&nbsp;22549 | &nbsp;&nbsp;&nbsp;&nbsp;254578 |
| BridgeBio Oncology Therapeutics, Inc. (A) | &nbsp;&nbsp;14485 | &nbsp;&nbsp;&nbsp;&nbsp;181352 |
| BridgeBio Pharma, Inc. (A) | &nbsp;&nbsp;19233 | 1471132 |
| Cabaletta Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;2887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6323 |
| Caris Life Sciences, Inc. (A) | &nbsp;&nbsp;22632 | &nbsp;&nbsp;&nbsp;&nbsp;610611 |
| Celcuity, Inc. (A) | &nbsp;&nbsp;12901 | 1286746 |
| Celldex Therapeutics, Inc. (A) | &nbsp;&nbsp;11227 | &nbsp;&nbsp;&nbsp;&nbsp;304925 |
| Centessa Pharmaceuticals PLC, ADR (A) | &nbsp;&nbsp;49526 | 1238645 |
| CG Oncology, Inc. (A) | &nbsp;&nbsp;24016 | &nbsp;&nbsp;&nbsp;&nbsp;997144 |
| Climb Bio, Inc. (A) | &nbsp;&nbsp;34800 | &nbsp;&nbsp;&nbsp;&nbsp;139200 |
| Cogent Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;7384 | &nbsp;&nbsp;&nbsp;&nbsp;262280 |
| Crescent Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;5959 | &nbsp;&nbsp;&nbsp;&nbsp;70674 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;19157 | 1217236 |
| Denali Therapeutics, Inc. (A) | &nbsp;&nbsp;26925 | &nbsp;&nbsp;&nbsp;&nbsp;444532 |
| Dianthus Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4502 | &nbsp;&nbsp;&nbsp;&nbsp;185527 |
| Disc Medicine, Inc. (A) | &nbsp;&nbsp;&nbsp;9263 | &nbsp;&nbsp;&nbsp;&nbsp;735575 |
| Entrada Therapeutics, Inc. (A) | &nbsp;&nbsp;11625 | &nbsp;&nbsp;&nbsp;&nbsp;119505 |
| Evommune, Inc. (A) | &nbsp;&nbsp;&nbsp;5551 | &nbsp;&nbsp;&nbsp;&nbsp;95033 |
| Generation Bio Company (A) | &nbsp;&nbsp;&nbsp;3769 | &nbsp;&nbsp;&nbsp;&nbsp;21408 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;44553 | 5468435 |
| Ideaya Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;8167 | &nbsp;&nbsp;&nbsp;&nbsp;282333 |
| Immatics NV (A) | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;147000 |
| Immuneering Corp., Class A (A) | &nbsp;&nbsp;17357 | &nbsp;&nbsp;&nbsp;&nbsp;114209 |
| Immunocore Holdings PLC, ADR (A) | &nbsp;&nbsp;17786 | &nbsp;&nbsp;&nbsp;&nbsp;617352 |
| Immunome, Inc. (A) | &nbsp;&nbsp;50101 | 1076169 |
| Immunovant, Inc. (A) | &nbsp;&nbsp;10631 | &nbsp;&nbsp;&nbsp;&nbsp;270240 |
| Incyte Corp. (A) | &nbsp;&nbsp;13022 | 1286183 |
| Insmed, Inc. (A) | &nbsp;&nbsp;27085 | 4713873 |
| Ionis Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;22738 | 1798803 |
| Iovance Biotherapeutics, Inc. (A) | &nbsp;&nbsp;31687 | &nbsp;&nbsp;&nbsp;&nbsp;86506 |
| Janux Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4213 | &nbsp;&nbsp;&nbsp;&nbsp;58139 |
| Kodiak Sciences, Inc. (A) | &nbsp;&nbsp;17028 | &nbsp;&nbsp;&nbsp;&nbsp;476103 |
| Krystal Biotech, Inc. (A) | &nbsp;&nbsp;&nbsp;6879 | 1695949 |
| Kymera Therapeutics, Inc. (A) | &nbsp;&nbsp;26842 | 2088576 |
| Kyverna Therapeutics, Inc. (A) | &nbsp;&nbsp;32113 | &nbsp;&nbsp;&nbsp;&nbsp;301862 |
| Madrigal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;1506 | &nbsp;&nbsp;&nbsp;&nbsp;877004 |
| Mirum Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;244869 |
| Monopar Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;23769 |
| Monte Rosa Therapeutics, Inc. (A) | &nbsp;&nbsp;31809 | &nbsp;&nbsp;&nbsp;&nbsp;498765 |
| MoonLake Immunotherapeutics (A) | &nbsp;&nbsp;18575 | &nbsp;&nbsp;&nbsp;&nbsp;244819 |
| Natera, Inc. (A) | &nbsp;&nbsp;12096 | 2771073 |
| Neurocrine Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;5187 | &nbsp;&nbsp;&nbsp;&nbsp;735672 |
| Newamsterdam Pharma Company NV (A) | &nbsp;&nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;101732 |
| Nurix Therapeutics, Inc. (A) | &nbsp;&nbsp;30800 | &nbsp;&nbsp;&nbsp;&nbsp;584276 |
| Nuvalent, Inc., Class A (A) | &nbsp;&nbsp;12356 | 1242890 |
| Olema Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;17800 | &nbsp;&nbsp;&nbsp;&nbsp;445000 |
| ORIC Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;26621 | &nbsp;&nbsp;&nbsp;&nbsp;217760 |
| Oruka Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;8520 | &nbsp;&nbsp;&nbsp;&nbsp;258241 |
| Palisade Bio, Inc. (A) | &nbsp;&nbsp;27162 | &nbsp;&nbsp;&nbsp;&nbsp;63831 |
| Praxis Precision Medicines, Inc. (A) | &nbsp;&nbsp;&nbsp;5194 | 1530880 |
| Prelude Therapeutics, Inc. (A) | &nbsp;&nbsp;17428 | &nbsp;&nbsp;&nbsp;&nbsp;50541 |
| Protagonist Therapeutics, Inc. (A) | &nbsp;&nbsp;20838 | 1819991 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp;8262 | 6377190 |
| Relay Therapeutics, Inc. (A) | &nbsp;&nbsp;34671 | &nbsp;&nbsp;&nbsp;&nbsp;293317 |
| Replimune Group, Inc. (A) | &nbsp;&nbsp;41148 | &nbsp;&nbsp;&nbsp;&nbsp;399959 |
| REVOLUTION Medicines, Inc. (A) | &nbsp;&nbsp;30724 | 2447167 |
| Rhythm Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;7230 | &nbsp;&nbsp;&nbsp;&nbsp;773899 |
| Rocket Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;23535 | &nbsp;&nbsp;&nbsp;&nbsp;82608 |
| Roivant Sciences, Ltd. (A) | &nbsp;&nbsp;72989 | 1583861 |
| Sana Biotechnology, Inc. (A) | &nbsp;&nbsp;10300 | &nbsp;&nbsp;&nbsp;&nbsp;41921 |
| Scholar Rock Holding Corp. (A) | &nbsp;&nbsp;37255 | 1641083 |
| Sensorion SA (A) | 182870 | &nbsp;&nbsp;&nbsp;&nbsp;72100 |
| Shattuck Labs, Inc. (A) | &nbsp;&nbsp;34562 | &nbsp;&nbsp;&nbsp;&nbsp;126151 |
| Sionna Therapeutics, Inc. (A) | &nbsp;&nbsp;15281 | &nbsp;&nbsp;&nbsp;&nbsp;628660 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Soleno Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;3326 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153994 |
| Spyre Therapeutics, Inc. (A) | &nbsp;&nbsp;22418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734414 |
| Summit Therapeutics, Inc. (A) | 106991 | &nbsp;&nbsp;&nbsp;&nbsp;1871273 |
| Ultragenyx Pharmaceutical, Inc. (A) | &nbsp;&nbsp;12318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283314 |
| uniQure NV (A) | &nbsp;&nbsp;&nbsp;4127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98759 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;&nbsp;4953 | &nbsp;&nbsp;&nbsp;&nbsp;2413349 |
| UroGen Pharma, Ltd. (A) | &nbsp;&nbsp;10800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252936 |
| Vaxcyte, Inc. (A) | &nbsp;&nbsp;11005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507771 |
| Vera Therapeutics, Inc. (A) | &nbsp;&nbsp;42042 | &nbsp;&nbsp;&nbsp;&nbsp;2129007 |
| Vertex Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;9258 | &nbsp;&nbsp;&nbsp;&nbsp;4197207 |
| Viridian Therapeutics, Inc. (A) | &nbsp;&nbsp;16800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522816 |
| Voyager Therapeutics, Inc. (A) | &nbsp;&nbsp;15964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62739 |
| Xencor, Inc. (A) | &nbsp;&nbsp;13179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201770 |
| Xenon Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129978 |
| Zai Lab, Ltd., ADR (A) | &nbsp;&nbsp;12926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228015 |
|  |  | 105191062 |
| **Health care equipment and supplies – 13.2%** | **Health care equipment and supplies – 13.2%** |  |
| Beta Bionics, Inc. (A) | &nbsp;&nbsp;&nbsp;8425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256710 |
| Boston Scientific Corp. (A) | &nbsp;&nbsp;41953 | &nbsp;&nbsp;&nbsp;&nbsp;4000219 |
| Edwards Lifesciences Corp. (A) | &nbsp;&nbsp;12478 | &nbsp;&nbsp;&nbsp;&nbsp;1063750 |
| IDEXX Laboratories, Inc. (A) | &nbsp;&nbsp;&nbsp;2828 | &nbsp;&nbsp;&nbsp;&nbsp;1913227 |
| Inspire Medical Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295136 |
| Intuitive Surgical, Inc. (A) | &nbsp;&nbsp;19519 | &nbsp;&nbsp;&nbsp;11054781 |
| Kestra Medical Technologies, Ltd. (A) | &nbsp;&nbsp;18799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498549 |
| Medline, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;7732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324744 |
| Orchestra BioMed Holdings, Inc. (A) | &nbsp;&nbsp;13354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55419 |
| Penumbra, Inc. (A) | &nbsp;&nbsp;11098 | &nbsp;&nbsp;&nbsp;&nbsp;3450479 |
| PROCEPT BioRobotics Corp. (A) | &nbsp;&nbsp;&nbsp;8988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282762 |
| Saluda Medical, Inc., CHESS Depositary Interest (A) | &nbsp;&nbsp;79512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75614 |
| Sonova Holding AG | &nbsp;&nbsp;&nbsp;2233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577603 |
| Stryker Corp. | &nbsp;&nbsp;24775 | &nbsp;&nbsp;&nbsp;&nbsp;8707669 |
|  |  | &nbsp;&nbsp;&nbsp;32556662 |
| **Health care providers and services – 12.4%** | **Health care providers and services – 12.4%** |  |
| Alignment Healthcare, Inc. (A) | &nbsp;&nbsp;34030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672093 |
| Billiontoone, Inc. (A) | &nbsp;&nbsp;&nbsp;2903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237582 |
| BrightSpring Health Services, Inc. (A) | &nbsp;&nbsp;54101 | &nbsp;&nbsp;&nbsp;&nbsp;2026082 |
| Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp;7039 | &nbsp;&nbsp;&nbsp;&nbsp;1446515 |
| Cencora, Inc. | &nbsp;&nbsp;&nbsp;4589 | &nbsp;&nbsp;&nbsp;&nbsp;1549935 |
| Centene Corp. (A) | &nbsp;&nbsp;13214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543756 |
| CVS Health Corp. | &nbsp;&nbsp;27194 | &nbsp;&nbsp;&nbsp;&nbsp;2158116 |
| Elevance Health, Inc. | &nbsp;&nbsp;&nbsp;6367 | &nbsp;&nbsp;&nbsp;&nbsp;2231952 |
| Encompass Health Corp. | &nbsp;&nbsp;&nbsp;3960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420314 |
| GeneDx Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;3568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464054 |
| Guardant Health, Inc. (A) | &nbsp;&nbsp;23103 | &nbsp;&nbsp;&nbsp;&nbsp;2359740 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;4931 | &nbsp;&nbsp;&nbsp;&nbsp;2302087 |
| Hims & Hers Health, Inc. (A) | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74681 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598812 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;2454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425867 |
| RadNet, Inc. (A) | &nbsp;&nbsp;&nbsp;4301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306876 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;12583 | &nbsp;&nbsp;&nbsp;&nbsp;2500494 |
| The Cigna Group | &nbsp;&nbsp;&nbsp;7243 | &nbsp;&nbsp;&nbsp;&nbsp;1993491 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;24695 | &nbsp;&nbsp;&nbsp;&nbsp;8152066 |
|  |  | &nbsp;&nbsp;&nbsp;30464513 |
| **Health care technology – 0.1%** | **Health care technology – 0.1%** |  |
| HeartFlow, Inc. (A) | &nbsp;&nbsp;&nbsp;9934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289576 |
| **Life sciences tools and services – 8.6%** | **Life sciences tools and services – 8.6%** |  |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346621 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;8921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524644 |
| Danaher Corp. | &nbsp;&nbsp;29560 | &nbsp;&nbsp;&nbsp;&nbsp;6766875 |
| Ginkgo Bioworks Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16379 |
| IQVIA Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845288 |
| Repligen Corp. (A) | &nbsp;&nbsp;&nbsp;4623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757525 |
| Revvity, Inc. | &nbsp;&nbsp;&nbsp;6945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671929 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 26 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Health Sciences Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Life sciences tools and services (continued)** | **Life sciences tools and services (continued)** |  |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;18203 | $&nbsp;&nbsp;&nbsp;10547728 |
| Waters Corp. (A) | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683694 |
|  |  | &nbsp;&nbsp;&nbsp;21160683 |
| **Pharmaceuticals – 22.0%** | **Pharmaceuticals – 22.0%** |  |
| AstraZeneca PLC, ADR | &nbsp;&nbsp;76396 | &nbsp;&nbsp;&nbsp;&nbsp;7023084 |
| ATAI Beckley NV (A) | &nbsp;&nbsp;&nbsp;8100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33129 |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;6142 | &nbsp;&nbsp;&nbsp;&nbsp;1121775 |
| Chugai Pharmaceutical Company, Ltd. | &nbsp;&nbsp;23400 | &nbsp;&nbsp;&nbsp;&nbsp;1227600 |
| Crinetics Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;25383 | &nbsp;&nbsp;&nbsp;&nbsp;1181579 |
| Elanco Animal Health, Inc. (A) | &nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203670 |
| Eli Lilly & Company | &nbsp;&nbsp;28314 | &nbsp;&nbsp;&nbsp;30428488 |
| LENZ Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60800 |
| MBX Biosciences, Inc. (A) | &nbsp;&nbsp;14724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464395 |
| MediWound, Ltd. (A) | &nbsp;&nbsp;&nbsp;3687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68062 |
| Merck & Company, Inc. | &nbsp;&nbsp;43382 | &nbsp;&nbsp;&nbsp;&nbsp;4566389 |
| Novo Nordisk A/S, ADR | &nbsp;&nbsp;28400 | &nbsp;&nbsp;&nbsp;&nbsp;1444992 |
| Nuvation Bio, Inc. (A) | &nbsp;&nbsp;40900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366464 |
| Pharvaris NV (A) | &nbsp;&nbsp;17875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496031 |
| Rapport Therapeutics, Inc. (A) | &nbsp;&nbsp;15921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483043 |
| Royalty Pharma PLC, Class A | &nbsp;&nbsp;16108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622413 |
| Structure Therapeutics, Inc., ADR (A) | &nbsp;&nbsp;23229 | &nbsp;&nbsp;&nbsp;&nbsp;1615577 |
| Tarsus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;8928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731025 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;9994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403758 |
| Teva Pharmaceutical Industries, Ltd., ADR (A) | &nbsp;&nbsp;16200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505602 |
| UCB SA | &nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91668 |
| WaVe Life Sciences, Ltd. (A) | &nbsp;&nbsp;37722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641274 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390042 |
|  |  | &nbsp;&nbsp;&nbsp;54170860 |
|  |  | 243833356 |
| TOTAL COMMON STOCKS (Cost $195,372,010) | TOTAL COMMON STOCKS (Cost $195,372,010) | $243833356 |
| **PREFERRED SECURITIES – 0.2%** |  |  |
| **Health care – 0.2%** |  |  |
| **Life sciences tools and services – 0.2%** | **Life sciences tools and services – 0.2%** |  |
| Sartorius AG | &nbsp;&nbsp;&nbsp;2210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636401 |
| TOTAL PREFERRED SECURITIES (Cost $534,720) | TOTAL PREFERRED SECURITIES (Cost $534,720) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636401 |
| **CONVERTIBLE BONDS - 0.1%** |  |  |
| **Health care - 0.1%** |  |  |
| Immunocore Holdings PLC<br> 2.500%, 02/01/2030 | $277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250339 |
| TOTAL CONVERTIBLE BONDS (Cost $277,000) | TOTAL CONVERTIBLE BONDS (Cost $277,000) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250339 |
| **WARRANTS – 0.0%** |  |  |
| GeneDx Holdings Corp. (Expiration Date: 7-22-26; Strike Price: $379.50) (A) | &nbsp;&nbsp;&nbsp;4862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 |
| Revolution Medicines, Inc. (Expiration Date: 12-17-26; Strike Price: $11.50) (A) | &nbsp;&nbsp;&nbsp;4502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4231 |
| SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (A) | &nbsp;&nbsp;&nbsp;2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 |
| TOTAL WARRANTS (Cost $29,139) | TOTAL WARRANTS (Cost $29,139) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4553 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 0.3%** | **SHORT-TERM INVESTMENTS – 0.3%** |  |
| **Short-term funds – 0.3%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (B) | 414022 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414022 |
| T. Rowe Price Government Reserve Fund, 3.7374% (B) | 370569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370569 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $784,591) | TOTAL SHORT-TERM INVESTMENTS (Cost $784,591) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784591 |
| **Total Investments (Health Sciences Trust)<br> (Cost $196,997,460) – 99.7%** | **Total Investments (Health Sciences Trust)<br> (Cost $196,997,460) – 99.7%** | $**245509240** |
| **Other assets and liabilities, net – 0.3%** | **Other assets and liabilities, net – 0.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**625779** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**246135019** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | The rate shown is the annualized seven-day yield as of 12-31-25. |

---

#### International Equity Index Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 97.7%** | **COMMON STOCKS - 97.7%** |  |
| **Australia - 3.9%** |  |  |
| ANZ Group Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108511 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2623543 |
| APA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285717 |
| Aristocrat Leisure, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;769644 |
| ASX, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228499 |
| BHP Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5462437 |
| Brambles, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755042 |
| carsales.com, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281188 |
| Cochlear, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409916 |
| Coles Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674344 |
| Commonwealth Bank of Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6311922 |
| Computershare, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424444 |
| CSL, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987002 |
| Evolution Mining, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606434 |
| Fortescue, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868418 |
| Goodman Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1479059 |
| Insurance Australia Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452786 |
| Lynas Rare Earths, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253327 |
| Macquarie Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1744669 |
| Medibank Private, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317940 |
| MMG, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170836 |
| National Australia Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3063580 |
| Northern Star Resources, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847259 |
| Origin Energy, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463575 |
| Pro Medicus, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297105 |
| Qantas Airways, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177858 |
| QBE Insurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712866 |
| REA Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237959 |
| Rio Tinto, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1291347 |
| Santos, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467814 |
| Scentre Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524869 |
| SGH, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213456 |
| Sigma Healthcare, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322323 |
| Sonic Healthcare, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245158 |
| South32, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267131 |
| South32, Ltd. (London Stock Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116069 |
| Stockland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349455 |
| Suncorp Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447753 |
| Telstra Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463422 |
| The Lottery Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283842 |
| Transurban Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046733 |
| Vicinity, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258047 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 27 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Australia (continued)** |  |  |
| Washington H. Soul Pattinson & Company, Ltd. | &nbsp;&nbsp;11620 | $&nbsp;&nbsp;&nbsp;&nbsp;287518 |
| Wesfarmers, Ltd. | &nbsp;&nbsp;40464 | &nbsp;&nbsp;&nbsp;2179924 |
| Westpac Banking Corp. | 122065 | &nbsp;&nbsp;&nbsp;3132381 |
| WiseTech Global, Ltd. | &nbsp;&nbsp;&nbsp;7058 | &nbsp;&nbsp;&nbsp;&nbsp;320889 |
| Woodside Energy Group, Ltd. | &nbsp;&nbsp;67706 | &nbsp;&nbsp;&nbsp;1055715 |
| Woolworths Group, Ltd. | &nbsp;&nbsp;43560 | &nbsp;&nbsp;&nbsp;&nbsp;852254 |
|  |  | 46033469 |
| **Austria - 0.2%** |  |  |
| Erste Group Bank AG | &nbsp;&nbsp;10998 | &nbsp;&nbsp;&nbsp;1318762 |
| OMV AG | &nbsp;&nbsp;&nbsp;5543 | &nbsp;&nbsp;&nbsp;&nbsp;308453 |
| Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;4348 | &nbsp;&nbsp;&nbsp;&nbsp;193732 |
| Verbund AG | &nbsp;&nbsp;&nbsp;2442 | &nbsp;&nbsp;&nbsp;&nbsp;177316 |
|  |  | &nbsp;&nbsp;&nbsp;1998263 |
| **Belgium - 0.5%** |  |  |
| Ageas SA/NV | &nbsp;&nbsp;&nbsp;5462 | &nbsp;&nbsp;&nbsp;&nbsp;382672 |
| Anheuser-Busch InBev SA/NV | &nbsp;&nbsp;35247 | &nbsp;&nbsp;&nbsp;2262184 |
| D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;153103 |
| Elia Group SA/NV | &nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;225195 |
| Financiere de Tubize SA | &nbsp;&nbsp;&nbsp;&nbsp;659 | &nbsp;&nbsp;&nbsp;&nbsp;160825 |
| Groupe Bruxelles Lambert NV | &nbsp;&nbsp;&nbsp;2961 | &nbsp;&nbsp;&nbsp;&nbsp;263305 |
| KBC Group NV | &nbsp;&nbsp;&nbsp;8189 | &nbsp;&nbsp;&nbsp;1066501 |
| Lotus Bakeries NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;128865 |
| Sofina SA | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;166277 |
| Syensqo SA | &nbsp;&nbsp;&nbsp;2508 | &nbsp;&nbsp;&nbsp;&nbsp;200886 |
| UCB SA | &nbsp;&nbsp;&nbsp;4453 | &nbsp;&nbsp;&nbsp;1240722 |
|  |  | &nbsp;&nbsp;&nbsp;6250535 |
| **Brazil - 1.0%** |  |  |
| Ambev SA | 165730 | &nbsp;&nbsp;&nbsp;&nbsp;417168 |
| Axia Energia | &nbsp;&nbsp;42847 | &nbsp;&nbsp;&nbsp;&nbsp;395358 |
| B3 SA - Brasil Bolsa Balcao | 196921 | &nbsp;&nbsp;&nbsp;&nbsp;501343 |
| Banco Bradesco SA | &nbsp;&nbsp;56324 | &nbsp;&nbsp;&nbsp;&nbsp;159358 |
| Banco BTG Pactual SA | &nbsp;&nbsp;40604 | &nbsp;&nbsp;&nbsp;&nbsp;388981 |
| Banco do Brasil SA | &nbsp;&nbsp;60326 | &nbsp;&nbsp;&nbsp;&nbsp;240780 |
| BB Seguridade Participacoes SA | &nbsp;&nbsp;24400 | &nbsp;&nbsp;&nbsp;&nbsp;161178 |
| Caixa Seguridade Participacoes SA | &nbsp;&nbsp;20700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62712 |
| Cia de Saneamento Basico do Estado de Sao Paulo | &nbsp;&nbsp;17163 | &nbsp;&nbsp;&nbsp;&nbsp;413172 |
| Companhia Paranaense de Energia | &nbsp;&nbsp;38400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91584 |
| CPFL Energia SA | &nbsp;&nbsp;&nbsp;7900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76775 |
| Embraer SA | &nbsp;&nbsp;24600 | &nbsp;&nbsp;&nbsp;&nbsp;394546 |
| Energisa SA | &nbsp;&nbsp;&nbsp;9735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83686 |
| Eneva SA (A) | &nbsp;&nbsp;27600 | &nbsp;&nbsp;&nbsp;&nbsp;101527 |
| Engie Brasil Energia SA | &nbsp;&nbsp;10185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58302 |
| Equatorial SA | &nbsp;&nbsp;43634 | &nbsp;&nbsp;&nbsp;&nbsp;306259 |
| JBS NV, BDR (A) | &nbsp;&nbsp;13686 | &nbsp;&nbsp;&nbsp;&nbsp;197028 |
| Klabin SA | &nbsp;&nbsp;26664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91070 |
| Localiza Rent a Car SA | &nbsp;&nbsp;32451 | &nbsp;&nbsp;&nbsp;&nbsp;256835 |
| MBRF Global Foods Company SA | &nbsp;&nbsp;17638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64167 |
| Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp;40100 | &nbsp;&nbsp;&nbsp;&nbsp;109955 |
| NU Holdings, Ltd., Class A (A) | 121000 | &nbsp;&nbsp;&nbsp;2025540 |
| Petroleo Brasileiro SA | 132729 | &nbsp;&nbsp;&nbsp;&nbsp;787998 |
| Porto Seguro SA | &nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60773 |
| PRIO SA (A) | &nbsp;&nbsp;30400 | &nbsp;&nbsp;&nbsp;&nbsp;228477 |
| Raia Drogasil SA | &nbsp;&nbsp;44917 | &nbsp;&nbsp;&nbsp;&nbsp;191569 |
| Rede D'Or Sao Luiz SA (B) | &nbsp;&nbsp;27900 | &nbsp;&nbsp;&nbsp;&nbsp;206641 |
| Rumo SA | &nbsp;&nbsp;45451 | &nbsp;&nbsp;&nbsp;&nbsp;122198 |
| StoneCo, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;106488 |
| Suzano SA | &nbsp;&nbsp;24163 | &nbsp;&nbsp;&nbsp;&nbsp;226571 |
| Telefonica Brasil SA | &nbsp;&nbsp;19280 | &nbsp;&nbsp;&nbsp;&nbsp;115434 |
| Telefonica Brasil SA, ADR | &nbsp;&nbsp;&nbsp;6017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71362 |
| TIM SA | &nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;&nbsp;108667 |
| TOTVS SA | &nbsp;&nbsp;17746 | &nbsp;&nbsp;&nbsp;&nbsp;135621 |
| Ultrapar Participacoes SA | &nbsp;&nbsp;25400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95911 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Brazil (continued)** |  |  |
| Vale SA | 129250 | $&nbsp;&nbsp;&nbsp;1687626 |
| Vibra Energia SA | &nbsp;&nbsp;38024 | &nbsp;&nbsp;&nbsp;&nbsp;175509 |
| WEG SA | &nbsp;&nbsp;58916 | &nbsp;&nbsp;&nbsp;&nbsp;520461 |
| XP, Inc., Class A | &nbsp;&nbsp;13000 | &nbsp;&nbsp;&nbsp;&nbsp;212810 |
|  |  | 11651440 |
| **Canada - 8.2%** |  |  |
| Agnico Eagle Mines, Ltd. | &nbsp;&nbsp;18013 | &nbsp;&nbsp;&nbsp;3054684 |
| Alamos Gold, Inc., Class A | &nbsp;&nbsp;15014 | &nbsp;&nbsp;&nbsp;&nbsp;579754 |
| Alimentation Couche-Tard, Inc. | &nbsp;&nbsp;27000 | &nbsp;&nbsp;&nbsp;1474569 |
| AltaGas, Ltd. | &nbsp;&nbsp;10300 | &nbsp;&nbsp;&nbsp;&nbsp;314054 |
| ARC Resources, Ltd. | &nbsp;&nbsp;20700 | &nbsp;&nbsp;&nbsp;&nbsp;388347 |
| AtkinsRealis Group, Inc. | &nbsp;&nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;380853 |
| Bank of Montreal | &nbsp;&nbsp;25177 | &nbsp;&nbsp;&nbsp;3269681 |
| Barrick Mining Corp. | &nbsp;&nbsp;59934 | &nbsp;&nbsp;&nbsp;1824215 |
| Barrick Mining Corp. (London Stock Exchange) | &nbsp;&nbsp;18057 | &nbsp;&nbsp;&nbsp;&nbsp;789180 |
| BCE, Inc. | &nbsp;&nbsp;&nbsp;3117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74351 |
| Bombardier, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;527376 |
| Brookfield Corp. | &nbsp;&nbsp;72858 | &nbsp;&nbsp;&nbsp;3345241 |
| CAE, Inc. (A) | &nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp;&nbsp;331475 |
| Cameco Corp. | &nbsp;&nbsp;15600 | &nbsp;&nbsp;&nbsp;1428442 |
| Canadian Imperial Bank of Commerce | &nbsp;&nbsp;32757 | &nbsp;&nbsp;&nbsp;2969621 |
| Canadian National Railway Company | &nbsp;&nbsp;18500 | &nbsp;&nbsp;&nbsp;1829715 |
| Canadian Natural Resources, Ltd. | &nbsp;&nbsp;74520 | &nbsp;&nbsp;&nbsp;2524086 |
| Canadian Pacific Kansas City, Ltd. | &nbsp;&nbsp;31900 | &nbsp;&nbsp;&nbsp;2348545 |
| Canadian Tire Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;228110 |
| Canadian Utilities, Ltd., Class A | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;143206 |
| CCL Industries, Inc., Class B | &nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;341102 |
| Celestica, Inc. (A) | &nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;1212809 |
| Cenovus Energy, Inc. | &nbsp;&nbsp;49202 | &nbsp;&nbsp;&nbsp;&nbsp;832371 |
| CGI, Inc. | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;665051 |
| China Gold International Resources Corp., Ltd. | &nbsp;&nbsp;&nbsp;7800 | &nbsp;&nbsp;&nbsp;&nbsp;157340 |
| Constellation Software, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;1683713 |
| Dollarama, Inc. | &nbsp;&nbsp;&nbsp;9900 | &nbsp;&nbsp;&nbsp;1479644 |
| Element Fleet Management Corp. | &nbsp;&nbsp;14700 | &nbsp;&nbsp;&nbsp;&nbsp;386095 |
| Emera, Inc. | &nbsp;&nbsp;10600 | &nbsp;&nbsp;&nbsp;&nbsp;522374 |
| Empire Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;170360 |
| Enbridge, Inc. | &nbsp;&nbsp;77700 | &nbsp;&nbsp;&nbsp;3718142 |
| Fairfax Financial Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;1370314 |
| First Quantum Minerals, Ltd. (A) | &nbsp;&nbsp;24554 | &nbsp;&nbsp;&nbsp;&nbsp;658327 |
| FirstService Corp. | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;233270 |
| Fortis, Inc. | &nbsp;&nbsp;18165 | &nbsp;&nbsp;&nbsp;&nbsp;944413 |
| Franco-Nevada Corp. | &nbsp;&nbsp;&nbsp;6857 | &nbsp;&nbsp;&nbsp;1421358 |
| George Weston, Ltd. | &nbsp;&nbsp;&nbsp;6297 | &nbsp;&nbsp;&nbsp;&nbsp;434420 |
| GFL Environmental, Inc. | &nbsp;&nbsp;&nbsp;8800 | &nbsp;&nbsp;&nbsp;&nbsp;378018 |
| Gildan Activewear, Inc. | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;312520 |
| Great-West Lifeco, Inc. | &nbsp;&nbsp;&nbsp;9900 | &nbsp;&nbsp;&nbsp;&nbsp;488238 |
| Hydro One, Ltd. (B) | &nbsp;&nbsp;11900 | &nbsp;&nbsp;&nbsp;&nbsp;473728 |
| iA Financial Corp., Inc. | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;427554 |
| IGM Financial, Inc. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;135099 |
| Imperial Oil, Ltd. | &nbsp;&nbsp;&nbsp;6030 | &nbsp;&nbsp;&nbsp;&nbsp;520955 |
| Intact Financial Corp. | &nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;1332317 |
| Ivanhoe Mines, Ltd., Class A (A) | &nbsp;&nbsp;26900 | &nbsp;&nbsp;&nbsp;&nbsp;305933 |
| Keyera Corp. | &nbsp;&nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;272486 |
| Kinross Gold Corp. | &nbsp;&nbsp;43929 | &nbsp;&nbsp;&nbsp;1237328 |
| Loblaw Companies, Ltd. | &nbsp;&nbsp;21360 | &nbsp;&nbsp;&nbsp;&nbsp;965639 |
| Lundin Gold, Inc. | &nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;323979 |
| Lundin Mining Corp. | &nbsp;&nbsp;23600 | &nbsp;&nbsp;&nbsp;&nbsp;507231 |
| Magna International, Inc. | &nbsp;&nbsp;&nbsp;9500 | &nbsp;&nbsp;&nbsp;&nbsp;506441 |
| Manulife Financial Corp. (C) | &nbsp;&nbsp;59700 | &nbsp;&nbsp;&nbsp;2167825 |
| Metro, Inc. | &nbsp;&nbsp;&nbsp;7557 | &nbsp;&nbsp;&nbsp;&nbsp;543919 |
| National Bank of Canada | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;1760621 |
| Nutrien, Ltd. | &nbsp;&nbsp;17390 | &nbsp;&nbsp;&nbsp;1073390 |
| Open Text Corp. | &nbsp;&nbsp;&nbsp;9700 | &nbsp;&nbsp;&nbsp;&nbsp;315901 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 28 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Canada (continued)** |  |  |
| Pan American Silver Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14600 | $&nbsp;&nbsp;&nbsp;&nbsp;756939 |
| Pembina Pipeline Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20398 | &nbsp;&nbsp;&nbsp;&nbsp;777102 |
| Power Corp. of Canada | &nbsp;&nbsp;&nbsp;&nbsp;20012 | &nbsp;&nbsp;&nbsp;1063623 |
| Rogers Communications, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;13188 | &nbsp;&nbsp;&nbsp;&nbsp;497811 |
| Royal Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp;48648 | &nbsp;&nbsp;&nbsp;8293429 |
| Saputo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9100 | &nbsp;&nbsp;&nbsp;&nbsp;273885 |
| Shopify, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;43400 | &nbsp;&nbsp;&nbsp;6988015 |
| Stantec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;377458 |
| Sun Life Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20400 | &nbsp;&nbsp;&nbsp;1273449 |
| Suncor Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42535 | &nbsp;&nbsp;&nbsp;1887896 |
| TC Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;37046 | &nbsp;&nbsp;&nbsp;2039952 |
| Teck Resources, Ltd., Class B | &nbsp;&nbsp;&nbsp;&nbsp;16961 | &nbsp;&nbsp;&nbsp;&nbsp;811998 |
| TELUS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18750 | &nbsp;&nbsp;&nbsp;&nbsp;247122 |
| TFI International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;289415 |
| The Bank of Nova Scotia | &nbsp;&nbsp;&nbsp;&nbsp;43004 | &nbsp;&nbsp;&nbsp;3171684 |
| The Descartes Systems Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;271954 |
| The Toronto-Dominion Bank | &nbsp;&nbsp;&nbsp;&nbsp;60084 | &nbsp;&nbsp;&nbsp;5662793 |
| Thomson Reuters Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5654 | &nbsp;&nbsp;&nbsp;&nbsp;746136 |
| TMX Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;380533 |
| Toromont Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;338742 |
| Tourmaline Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12600 | &nbsp;&nbsp;&nbsp;&nbsp;565212 |
| Wheaton Precious Metals Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16170 | &nbsp;&nbsp;&nbsp;1900981 |
| Whitecap Resources, Inc. (Toronto Stock Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;43600 | &nbsp;&nbsp;&nbsp;&nbsp;365305 |
| WSP Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;832896 |
|  |  | 97920060 |
| **Chile - 0.2%** |  |  |
| Antofagasta PLC | &nbsp;&nbsp;&nbsp;&nbsp;13585 | &nbsp;&nbsp;&nbsp;&nbsp;596726 |
| Banco de Chile | 1620933 | &nbsp;&nbsp;&nbsp;&nbsp;312856 |
| Banco de Credito e Inversiones SA | &nbsp;&nbsp;&nbsp;&nbsp;3323 | &nbsp;&nbsp;&nbsp;&nbsp;215237 |
| Banco Santander Chile, ADR | &nbsp;&nbsp;&nbsp;&nbsp;5508 | &nbsp;&nbsp;&nbsp;&nbsp;171354 |
| Cencosud SA | &nbsp;&nbsp;&nbsp;&nbsp;42702 | &nbsp;&nbsp;&nbsp;&nbsp;137102 |
| Empresas CMPC SA | &nbsp;&nbsp;&nbsp;&nbsp;38455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60339 |
| Empresas COPEC SA | &nbsp;&nbsp;&nbsp;&nbsp;13196 | &nbsp;&nbsp;&nbsp;&nbsp;103354 |
| Enel Americas SA | &nbsp;&nbsp;466256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44234 |
| Enel Chile SA, ADR | &nbsp;&nbsp;&nbsp;&nbsp;18222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73252 |
| Falabella SA | &nbsp;&nbsp;&nbsp;&nbsp;20482 | &nbsp;&nbsp;&nbsp;&nbsp;142797 |
| Latam Airlines Group SA | 8049276 | &nbsp;&nbsp;&nbsp;&nbsp;217910 |
| Plaza SA | &nbsp;&nbsp;&nbsp;&nbsp;23614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83432 |
| Sociedad Quimica y Minera de Chile SA, ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;4430 | &nbsp;&nbsp;&nbsp;&nbsp;304784 |
|  |  | &nbsp;&nbsp;&nbsp;2463377 |
| **China - 7.5%** |  |  |
| 360 Security Technology, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23198 |
| 37 Interactive Entertainment Network Technology Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15879 |
| 3SBio, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;63700 | &nbsp;&nbsp;&nbsp;&nbsp;197791 |
| AAC Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27342 | &nbsp;&nbsp;&nbsp;&nbsp;137071 |
| Advanced Micro-Fabrication Equipment, Inc., Class A (D) | &nbsp;&nbsp;&nbsp;&nbsp;1253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49417 |
| AECC Aviation Power Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31525 |
| Agricultural Bank of China, Ltd., Class A | &nbsp;&nbsp;182100 | &nbsp;&nbsp;&nbsp;&nbsp;200138 |
| Agricultural Bank of China, Ltd., H Shares | &nbsp;&nbsp;989000 | &nbsp;&nbsp;&nbsp;&nbsp;735740 |
| Aier Eye Hospital Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;19585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30765 |
| Air China, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;23600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31652 |
| Akeso, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;23000 | &nbsp;&nbsp;&nbsp;&nbsp;334740 |
| Alibaba Group Holding, Ltd. | &nbsp;&nbsp;610400 | 11207528 |
| Aluminum Corp. of China, Ltd., A Shares | &nbsp;&nbsp;&nbsp;&nbsp;29100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50779 |
| Aluminum Corp. of China, Ltd., H Shares | &nbsp;&nbsp;131220 | &nbsp;&nbsp;&nbsp;&nbsp;205418 |
| Angel Yeast Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11271 |
| Anhui Conch Cement Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27832 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Anhui Conch Cement Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;&nbsp;44290 | $&nbsp;&nbsp;&nbsp;&nbsp;125755 |
| Anhui Gujing Distillery Company, Ltd., B Shares | &nbsp;&nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;40397 |
| Anhui Gujing Distillery Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;17087 |
| Anhui Jianghuai Automobile Group Corp., Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;31905 |
| Anker Innovations Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;17027 |
| ANTA Sports Products, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;44200 | &nbsp;&nbsp;&nbsp;&nbsp;458998 |
| Autohome, Inc., ADR | &nbsp;&nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;57876 |
| Avary Holding Shenzhen Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;28855 |
| AviChina Industry & Technology Company, Ltd., H Shares | &nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;61220 |
| BAIC BluePark New Energy Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;11600 | &nbsp;&nbsp;&nbsp;&nbsp;13326 |
| Baidu, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;80300 | 1320551 |
| Bank of Beijing Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;47000 | &nbsp;&nbsp;&nbsp;&nbsp;36864 |
| Bank of Changsha Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;11662 |
| Bank of Chengdu Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;&nbsp;17760 |
| Bank of China, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;78100 | &nbsp;&nbsp;&nbsp;&nbsp;64072 |
| Bank of China, Ltd., H Shares | 2534563 | 1453134 |
| Bank of Communications Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;87300 | &nbsp;&nbsp;&nbsp;&nbsp;90621 |
| Bank of Communications Company, Ltd., H Shares | &nbsp;&nbsp;308527 | &nbsp;&nbsp;&nbsp;&nbsp;256091 |
| Bank of Hangzhou Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;24921 |
| Bank of Jiangsu Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;33410 | &nbsp;&nbsp;&nbsp;&nbsp;49737 |
| Bank of Nanjing Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;21500 | &nbsp;&nbsp;&nbsp;&nbsp;35173 |
| Bank of Ningbo Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;13750 | &nbsp;&nbsp;&nbsp;&nbsp;55267 |
| Bank of Shanghai Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;31610 | &nbsp;&nbsp;&nbsp;&nbsp;45692 |
| Baoshan Iron & Steel Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;41300 | &nbsp;&nbsp;&nbsp;&nbsp;44044 |
| Beijing Enlight Media Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;14787 |
| Beijing Kingsoft Office Software, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935 | &nbsp;&nbsp;&nbsp;&nbsp;41094 |
| Beijing New Building Materials PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;12505 |
| Beijing Roborock Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;&nbsp;11621 |
| Beijing Tiantan Biological Products Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9542 |
| Beijing Tong Ren Tang Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;12924 |
| Beijing Wantai Biological Pharmacy Enterprise Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;11577 |
| Beijing-Shanghai High Speed Railway Company, Ltd., Class A | &nbsp;&nbsp;100700 | &nbsp;&nbsp;&nbsp;&nbsp;74233 |
| Bestechnic Shanghai Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;19002 |
| Bilibili, Inc., Class Z (A) | &nbsp;&nbsp;&nbsp;&nbsp;7960 | &nbsp;&nbsp;&nbsp;&nbsp;196462 |
| BOC International China Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;&nbsp;12443 |
| BOE Technology Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;75300 | &nbsp;&nbsp;&nbsp;&nbsp;45376 |
| BYD Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;167797 |
| BYD Company, Ltd., H Shares | &nbsp;&nbsp;130815 | 1598658 |
| BYD Electronic International Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;26500 | &nbsp;&nbsp;&nbsp;&nbsp;114760 |
| Caitong Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;11979 |
| Cambricon Technologies Corp., Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 | &nbsp;&nbsp;&nbsp;&nbsp;163636 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 29 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| CCOOP Group Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;64600 | $&nbsp;&nbsp;&nbsp;&nbsp;23114 |
| CGN Power Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;32300 | &nbsp;&nbsp;&nbsp;&nbsp;17378 |
| CGN Power Company, Ltd., H Shares (B) | &nbsp;&nbsp;364000 | &nbsp;&nbsp;&nbsp;&nbsp;136960 |
| Changchun High-Tech Industry Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;10594 |
| Changjiang Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;11500 | &nbsp;&nbsp;&nbsp;&nbsp;13415 |
| Changzhou Xingyu Automotive Lighting Systems Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;10596 |
| Chaozhou Three-Circle Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;25493 |
| Chifeng Jilong Gold Mining Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;27587 |
| China CITIC Bank Corp., Ltd., H Shares | &nbsp;&nbsp;310800 | &nbsp;&nbsp;&nbsp;&nbsp;277345 |
| China CITIC Financial Asset Management Company, Ltd., H Shares (A)(B) | &nbsp;&nbsp;505000 | &nbsp;&nbsp;&nbsp;&nbsp;53892 |
| China Coal Energy Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;89700 |
| China Communications Services Corp., Ltd., H Shares | &nbsp;&nbsp;&nbsp;&nbsp;75600 | &nbsp;&nbsp;&nbsp;&nbsp;43577 |
| China Construction Bank Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;45400 | &nbsp;&nbsp;&nbsp;&nbsp;60324 |
| China Construction Bank Corp., H Shares | 3428914 | 3393974 |
| China CSSC Holdings, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;16100 | &nbsp;&nbsp;&nbsp;&nbsp;76631 |
| China Eastern Airlines Corp., Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;35500 | &nbsp;&nbsp;&nbsp;&nbsp;30491 |
| China Energy Engineering Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;65700 | &nbsp;&nbsp;&nbsp;&nbsp;22106 |
| China Everbright Bank Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;88600 | &nbsp;&nbsp;&nbsp;&nbsp;44258 |
| China Feihe, Ltd. (B) | &nbsp;&nbsp;119000 | &nbsp;&nbsp;&nbsp;&nbsp;62164 |
| China Galaxy Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;19900 | &nbsp;&nbsp;&nbsp;&nbsp;44768 |
| China Galaxy Securities Company, Ltd., H Shares | &nbsp;&nbsp;129500 | &nbsp;&nbsp;&nbsp;&nbsp;167470 |
| China Great Wall Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;12263 |
| China Greatwall Technology Group Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;13411 |
| China Hongqiao Group, Ltd. | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;419972 |
| China Huishan Dairy Holdings Company, Ltd. (A)(D) | &nbsp;&nbsp;225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China International Capital Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;20041 |
| China International Capital Corp., Ltd., H Shares (B) | &nbsp;&nbsp;&nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp;&nbsp;131345 |
| China Jushi Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8100 | &nbsp;&nbsp;&nbsp;&nbsp;19841 |
| China Life Insurance Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;29331 |
| China Life Insurance Company, Ltd., H Shares | &nbsp;&nbsp;267624 | &nbsp;&nbsp;&nbsp;&nbsp;946033 |
| China Literature, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;59482 |
| China Longyuan Power Group Corp., Ltd., H Shares | &nbsp;&nbsp;114000 | &nbsp;&nbsp;&nbsp;&nbsp;97350 |
| China Mengniu Dairy Company, Ltd. | &nbsp;&nbsp;108004 | &nbsp;&nbsp;&nbsp;&nbsp;207319 |
| China Merchants Bank Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;45900 | &nbsp;&nbsp;&nbsp;&nbsp;276651 |
| China Merchants Bank Company, Ltd., H Shares | &nbsp;&nbsp;139323 | &nbsp;&nbsp;&nbsp;&nbsp;947800 |
| China Merchants Energy Shipping Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;16500 | &nbsp;&nbsp;&nbsp;&nbsp;21254 |
| China Merchants Expressway Network & Technology Holdings Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9376 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| China Merchants Securities Company, Ltd., Class A | &nbsp;&nbsp;16510 | $&nbsp;&nbsp;&nbsp;39324 |
| China Merchants Shekou Industrial Zone Holdings Company, Ltd., Class A | &nbsp;&nbsp;17600 | &nbsp;&nbsp;&nbsp;21770 |
| China Minsheng Banking Corp., Ltd., Class A | &nbsp;&nbsp;78880 | &nbsp;&nbsp;&nbsp;43232 |
| China Minsheng Banking Corp., Ltd., H Shares | 230496 | 116532 |
| China National Building Material Company, Ltd., H Shares | 150187 | &nbsp;&nbsp;&nbsp;98890 |
| China National Chemical Engineering Company, Ltd., Class A | &nbsp;&nbsp;12700 | &nbsp;&nbsp;&nbsp;13683 |
| China National Nuclear Power Company, Ltd., Class A | &nbsp;&nbsp;38300 | &nbsp;&nbsp;&nbsp;47396 |
| China National Software & Service Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;11927 |
| China Nonferrous Mining Corp, Ltd. | &nbsp;&nbsp;42000 | &nbsp;&nbsp;&nbsp;79683 |
| China Northern Rare Earth Group High-Tech Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;48156 |
| China Oilfield Services, Ltd., H Shares | &nbsp;&nbsp;56000 | &nbsp;&nbsp;&nbsp;50321 |
| China Pacific Insurance Group Company, Ltd., Class A | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;84023 |
| China Pacific Insurance Group Company, Ltd., H Shares | &nbsp;&nbsp;94100 | 426742 |
| China Petroleum & Chemical Corp., Class A | &nbsp;&nbsp;56700 | &nbsp;&nbsp;&nbsp;50134 |
| China Petroleum & Chemical Corp., H Shares | 785361 | 471732 |
| China Railway Group, Ltd., Class A | &nbsp;&nbsp;42700 | &nbsp;&nbsp;&nbsp;33063 |
| China Railway Group, Ltd., H Shares | 144000 | &nbsp;&nbsp;&nbsp;70873 |
| China Railway Signal & Communication Corp., Ltd., Class A | &nbsp;&nbsp;14917 | &nbsp;&nbsp;&nbsp;11673 |
| China Rare Earth Resources and Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;14604 |
| China Resources Microelectronics, Ltd., Class A | &nbsp;&nbsp;&nbsp;2675 | &nbsp;&nbsp;&nbsp;20233 |
| China Resources Mixc Lifestyle Services, Ltd. (B) | &nbsp;&nbsp;23400 | 129502 |
| China Resources Sanjiu Medical & Pharmaceutical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3380 | &nbsp;&nbsp;&nbsp;13763 |
| China Shenhua Energy Company, Ltd., Class A | &nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;77682 |
| China Shenhua Energy Company, Ltd., H Shares | 120500 | 601667 |
| China Southern Airlines Company, Ltd., Class A (A) | &nbsp;&nbsp;23300 | &nbsp;&nbsp;&nbsp;26703 |
| China State Construction Engineering Corp., Ltd., Class A | &nbsp;&nbsp;93340 | &nbsp;&nbsp;&nbsp;68518 |
| China Three Gorges Renewables Group Company, Ltd., Class A | &nbsp;&nbsp;58700 | &nbsp;&nbsp;&nbsp;34349 |
| China Tourism Group Duty Free Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;58228 |
| China Tower Corp., Ltd., H Shares (B) | 158100 | 235039 |
| China United Network Communications, Ltd., Class A | &nbsp;&nbsp;64400 | &nbsp;&nbsp;&nbsp;47127 |
| China Vanke Company, Ltd., Class A (A) | &nbsp;&nbsp;21600 | &nbsp;&nbsp;&nbsp;14370 |
| China Vanke Company, Ltd., H Shares (A) | &nbsp;&nbsp;74500 | &nbsp;&nbsp;&nbsp;31489 |
| China XD Electric Company, Ltd., Class A | &nbsp;&nbsp;10600 | &nbsp;&nbsp;&nbsp;13819 |
| China Yangtze Power Company, Ltd., Class A | &nbsp;&nbsp;54300 | 211308 |
| China Zheshang Bank Company, Ltd., Class A | &nbsp;&nbsp;43700 | &nbsp;&nbsp;&nbsp;19015 |
| Chongqing Changan Automobile Company, Ltd., Class A | &nbsp;&nbsp;16800 | &nbsp;&nbsp;&nbsp;28520 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 30 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Chongqing Rural Commercial Bank Company, Ltd., Class A | &nbsp;&nbsp;18400 | $&nbsp;&nbsp;&nbsp;17007 |
| Chongqing Rural Commercial Bank Company, Ltd., H Shares | &nbsp;&nbsp;81000 | &nbsp;&nbsp;&nbsp;64066 |
| Chongqing Zhifei Biological Products Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;4650 | &nbsp;&nbsp;&nbsp;12549 |
| Citic Pacific Special Steel Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;16636 |
| CITIC Securities Company, Ltd., Class A | &nbsp;&nbsp;25185 | 103500 |
| CITIC Securities Company, Ltd., H Shares | &nbsp;&nbsp;52825 | 186423 |
| CITIC, Ltd. | 141967 | 220634 |
| CMOC Group, Ltd., Class A | &nbsp;&nbsp;28400 | &nbsp;&nbsp;&nbsp;81298 |
| CMOC Group, Ltd., H Shares | 129000 | 320503 |
| CNGR Advanced Material Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1960 | &nbsp;&nbsp;&nbsp;12987 |
| CNPC Capital Company, Ltd., Class A | &nbsp;&nbsp;17300 | &nbsp;&nbsp;&nbsp;23755 |
| Contemporary Amperex Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;9320 | 490069 |
| Contemporary Amperex Technology Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;3100 | 201622 |
| COSCO SHIPPING Energy Transportation Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;12062 |
| COSCO SHIPPING Holdings Company, Ltd., Class A | &nbsp;&nbsp;26000 | &nbsp;&nbsp;&nbsp;56466 |
| COSCO SHIPPING Holdings Company, Ltd., H Shares | 101600 | 179378 |
| CRRC Corp., Ltd., Class A | &nbsp;&nbsp;49300 | &nbsp;&nbsp;&nbsp;48121 |
| CRRC Corp., Ltd., H Shares | 145000 | 111277 |
| CSC Financial Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;34490 |
| CSPC Innovation Pharmaceutical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2880 | &nbsp;&nbsp;&nbsp;14862 |
| CSPC Pharmaceutical Group, Ltd. | 303120 | 328898 |
| Daqin Railway Company, Ltd., Class A | &nbsp;&nbsp;30700 | &nbsp;&nbsp;&nbsp;22670 |
| Datang International Power Generation Company, Ltd., Class A | &nbsp;&nbsp;48800 | &nbsp;&nbsp;&nbsp;24360 |
| Dongfang Electric Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;20149 |
| Dongfeng Motor Group Company, Ltd., H Shares (A) | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;79481 |
| East Money Information Company, Ltd., Class A | &nbsp;&nbsp;30896 | 102433 |
| Eastroc Beverage Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;51675 |
| Ecovacs Robotics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;26589 |
| Empyrean Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;12166 |
| ENN Energy Holdings, Ltd. | &nbsp;&nbsp;27900 | 248167 |
| ENN Natural Gas Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;16050 |
| Eoptolink Technology, Inc. Ltd., Class A | &nbsp;&nbsp;&nbsp;2100 | 128670 |
| Eve Energy Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4181 | &nbsp;&nbsp;&nbsp;39326 |
| Everbright Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;21847 |
| Everdisplay Optronics Shanghai Company, Ltd., Class A (A) | &nbsp;&nbsp;23977 | &nbsp;&nbsp;&nbsp;&nbsp;9125 |
| Flat Glass Group Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;7397 |
| Focus Media Information Technology Company, Ltd., Class A | &nbsp;&nbsp;32700 | &nbsp;&nbsp;&nbsp;34488 |
| Foshan Haitian Flavouring & Food Company, Ltd., Class A | &nbsp;&nbsp;10296 | &nbsp;&nbsp;&nbsp;54588 |
| Fosun International, Ltd. | &nbsp;&nbsp;85000 | &nbsp;&nbsp;&nbsp;47901 |
| Founder Securities Company, Ltd., Class A | &nbsp;&nbsp;16700 | &nbsp;&nbsp;&nbsp;18635 |
| Foxconn Industrial Internet Company, Ltd., Class A | &nbsp;&nbsp;27100 | 240117 |
| Fuyao Glass Industry Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;41719 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Fuyao Glass Industry Group Company, Ltd., H Shares (B) | 20800 | $179789 |
| GalaxyCore, Inc., Class A | &nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;7703 |
| Ganfeng Lithium Group Company, Ltd., Class A | &nbsp;&nbsp;3360 | &nbsp;&nbsp;&nbsp;30238 |
| Ganfeng Lithium Group Company, Ltd., H Shares (B) | 14200 | &nbsp;&nbsp;&nbsp;95018 |
| GD Power Development Company, Ltd., Class A | 36100 | &nbsp;&nbsp;&nbsp;26034 |
| GDS Holdings, Ltd., Class A (A) | 37300 | 162904 |
| GEM Company, Ltd., Class A | 10700 | &nbsp;&nbsp;&nbsp;12802 |
| Genscript Biotech Corp. (A) | 40000 | &nbsp;&nbsp;&nbsp;63891 |
| GF Securities Company, Ltd., Class A | 13200 | &nbsp;&nbsp;&nbsp;41605 |
| GF Securities Company, Ltd., H Shares | 25400 | &nbsp;&nbsp;&nbsp;57637 |
| Giant Biogene Holding Company, Ltd. (B) | 10200 | &nbsp;&nbsp;&nbsp;43664 |
| GigaDevice Semiconductor, Inc., Class A | &nbsp;&nbsp;1372 | &nbsp;&nbsp;&nbsp;42024 |
| GoerTek, Inc., Class A | &nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;21367 |
| Goldwind Science & Technology Company, Ltd., Class A | &nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;22494 |
| Goneo Group Company, Ltd., Class A | &nbsp;&nbsp;1827 | &nbsp;&nbsp;&nbsp;10675 |
| Gotion High-tech Company, Ltd., Class A | &nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;20737 |
| Great Wall Motor Company, Ltd., Class A | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;16195 |
| Great Wall Motor Company, Ltd., H Shares | 81500 | 159776 |
| Gree Electric Appliances, Inc. of Zhuhai, Class A | &nbsp;&nbsp;5700 | &nbsp;&nbsp;&nbsp;32805 |
| Guangdong Haid Group Company, Ltd., Class A | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;27728 |
| Guanghui Energy Company, Ltd., Class A | 13500 | &nbsp;&nbsp;&nbsp;&nbsp;9498 |
| Guangzhou Automobile Group Company, Ltd., Class A | 10000 | &nbsp;&nbsp;&nbsp;11684 |
| Guangzhou Baiyunshan Pharmaceutical Holdings Company, Ltd., Class A | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;8473 |
| Guangzhou Tinci Materials Technology Company, Ltd., Class A | &nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;25869 |
| Guosen Securities Company, Ltd., Class A | 13300 | &nbsp;&nbsp;&nbsp;24969 |
| Guotai Haitong Securities Company, Ltd. | 27860 | &nbsp;&nbsp;&nbsp;81918 |
| Guotai Haitong Securities Company, Ltd., H Shares (B) | 70184 | 150288 |
| Guoyuan Securities Company, Ltd., Class A | &nbsp;&nbsp;9100 | &nbsp;&nbsp;&nbsp;10875 |
| H World Group, Ltd., ADR | &nbsp;&nbsp;7100 | 334055 |
| Haidilao International Holding, Ltd. (B) | 56000 | 102922 |
| Haier Smart Home Company, Ltd., Class A | 13600 | &nbsp;&nbsp;&nbsp;50789 |
| Haier Smart Home Company, Ltd., H Shares | 83800 | 261686 |
| Hainan Airlines Holding Company, Ltd., Class A (A) | 87600 | &nbsp;&nbsp;&nbsp;22705 |
| Hainan Airport Infrastructure Company, Ltd., Class A | 23700 | &nbsp;&nbsp;&nbsp;18079 |
| Haisco Pharmaceutical Group Company, Ltd., Class A | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;14687 |
| Haitian International Holdings, Ltd. | 21000 | &nbsp;&nbsp;&nbsp;59837 |
| Hangzhou First Applied Material Company, Ltd., Class A | &nbsp;&nbsp;7683 | &nbsp;&nbsp;&nbsp;15343 |
| Hangzhou Silan Microelectronics Company, Ltd., Class A | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;10570 |
| Hangzhou Tigermed Consulting Company, Ltd., A Shares | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;13790 |
| Hansoh Pharmaceutical Group Company, Ltd. (B) | 40000 | 185333 |
| Henan Shenhuo Coal Industry & Electricity Power Company, Ltd., Class A | &nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;18457 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 31 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Henan Shuanghui Investment & Development Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;7200 | $&nbsp;&nbsp;&nbsp;&nbsp;27275 |
| Hengan International Group Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;89830 |
| Hengli Petrochemical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14600 | &nbsp;&nbsp;&nbsp;&nbsp;47086 |
| Hengtong Optic-electric Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5100 | &nbsp;&nbsp;&nbsp;&nbsp;18058 |
| Hithink RoyalFlush Information Network Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;41483 |
| Horizon Robotics (A) | &nbsp;&nbsp;147000 | &nbsp;&nbsp;&nbsp;&nbsp;164070 |
| Hoshine Silicon Industry Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;12076 |
| Hua Hong Semiconductor, Ltd., H Shares (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;239273 |
| Huadian Power International Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;17700 | &nbsp;&nbsp;&nbsp;&nbsp;12568 |
| Huadong Medicine Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;15812 |
| Huafon Chemical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;10300 | &nbsp;&nbsp;&nbsp;&nbsp;16219 |
| Huagong Tech Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;23833 |
| Huaibei Mining Holdings Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8267 |
| Huaneng Power International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;18600 | &nbsp;&nbsp;&nbsp;&nbsp;19861 |
| Huaneng Power International, Inc., H Shares | &nbsp;&nbsp;149436 | &nbsp;&nbsp;&nbsp;&nbsp;110128 |
| Huaqin Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;32493 |
| Huatai Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;16400 | &nbsp;&nbsp;&nbsp;&nbsp;55385 |
| Huatai Securities Company, Ltd., H Shares (B) | &nbsp;&nbsp;&nbsp;&nbsp;48800 | &nbsp;&nbsp;&nbsp;&nbsp;118435 |
| Huaxia Bank Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;28500 | &nbsp;&nbsp;&nbsp;&nbsp;28019 |
| Huayu Automotive Systems Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5100 | &nbsp;&nbsp;&nbsp;&nbsp;14595 |
| Huizhou Desay Sv Automotive Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;18938 |
| Hunan Valin Steel Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14300 | &nbsp;&nbsp;&nbsp;&nbsp;11510 |
| Hundsun Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3075 | &nbsp;&nbsp;&nbsp;&nbsp;13271 |
| Hwatsing Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731 | &nbsp;&nbsp;&nbsp;&nbsp;15694 |
| Hygon Information Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5383 | &nbsp;&nbsp;&nbsp;&nbsp;172964 |
| IEIT Systems Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3248 | &nbsp;&nbsp;&nbsp;&nbsp;30991 |
| Iflytek Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;33858 |
| Imeik Technology Development Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp;11359 |
| Industrial & Commercial Bank of China, Ltd., Class A | &nbsp;&nbsp;143500 | &nbsp;&nbsp;&nbsp;&nbsp;162903 |
| Industrial & Commercial Bank of China, Ltd., H Shares | 2322735 | 1879571 |
| Industrial Bank Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;46200 | &nbsp;&nbsp;&nbsp;&nbsp;139257 |
| Industrial Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;14900 | &nbsp;&nbsp;&nbsp;&nbsp;15822 |
| Ingenic Semiconductor Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;42417 |
| Inner Mongolia BaoTou Steel Union Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;94300 | &nbsp;&nbsp;&nbsp;&nbsp;32102 |
| Inner Mongolia Dian Tou Energy Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;18762 |
| Inner Mongolia Junzheng Energy & Chemical Industry Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;17500 | &nbsp;&nbsp;&nbsp;&nbsp;12080 |
| Inner Mongolia Yili Industrial Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;13600 | &nbsp;&nbsp;&nbsp;&nbsp;55699 |
| Inner Mongolia Yitai Coal Company, Ltd., Class B | &nbsp;&nbsp;&nbsp;&nbsp;36400 | &nbsp;&nbsp;&nbsp;&nbsp;69505 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Innovent Biologics, Inc. (A)(B) | &nbsp;&nbsp;52000 | $&nbsp;&nbsp;&nbsp;&nbsp;508908 |
| Isoftstone Information Technology Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;13572 |
| J&T Global Express, Ltd. (A) | &nbsp;&nbsp;82400 | &nbsp;&nbsp;&nbsp;&nbsp;110911 |
| JA Solar Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;6272 | &nbsp;&nbsp;&nbsp;&nbsp;10280 |
| JCET Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;18967 |
| JD Health International, Inc. (A)(B) | &nbsp;&nbsp;38200 | &nbsp;&nbsp;&nbsp;&nbsp;273579 |
| JD Logistics, Inc. (A)(B) | &nbsp;&nbsp;67000 | &nbsp;&nbsp;&nbsp;&nbsp;98577 |
| JD.com, Inc., Class A | &nbsp;&nbsp;86723 | 1247010 |
| Jiangsu Eastern Shenghong Company, Ltd., Class A (A) | &nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;&nbsp;20879 |
| Jiangsu Expressway Company, Ltd., H Shares | &nbsp;&nbsp;41145 | &nbsp;&nbsp;&nbsp;&nbsp;52812 |
| Jiangsu Hengli Hydraulic Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2960 | &nbsp;&nbsp;&nbsp;&nbsp;46518 |
| Jiangsu Hengrui Pharmaceuticals Company, Ltd., Class A | &nbsp;&nbsp;14198 | &nbsp;&nbsp;&nbsp;&nbsp;121118 |
| Jiangsu Hoperun Software Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;21245 |
| Jiangsu King's Luck Brewery JSC, Ltd., Class A | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;13939 |
| Jiangsu Yanghe Distillery Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;29548 |
| Jiangsu Yuyue Medical Equipment & Supply Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;11480 |
| Jiangsu Zhongtian Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;18422 |
| Jiangxi Copper Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;33778 |
| Jiangxi Copper Company, Ltd., H Shares | &nbsp;&nbsp;39075 | &nbsp;&nbsp;&nbsp;&nbsp;215979 |
| Jinduicheng Molybdenum Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp;&nbsp;14942 |
| Jinko Solar Company, Ltd., Class A (A) | &nbsp;&nbsp;13511 | &nbsp;&nbsp;&nbsp;&nbsp;10910 |
| Kanzhun, Ltd., ADR | &nbsp;&nbsp;13200 | &nbsp;&nbsp;&nbsp;&nbsp;269016 |
| KE Holdings, Inc., ADR | &nbsp;&nbsp;24700 | &nbsp;&nbsp;&nbsp;&nbsp;389272 |
| Kingdee International Software Group Company, Ltd. (A) | 113000 | &nbsp;&nbsp;&nbsp;&nbsp;193724 |
| Kingsoft Corp., Ltd. | &nbsp;&nbsp;32800 | &nbsp;&nbsp;&nbsp;&nbsp;120330 |
| Kuaishou Technology (B) | &nbsp;&nbsp;87900 | &nbsp;&nbsp;&nbsp;&nbsp;726617 |
| Kuang-Chi Technologies Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;31409 |
| Kunlun Tech Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;14947 |
| Kweichow Moutai Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;532397 |
| Laopu Gold Company, Ltd., H Shares | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;79920 |
| LB Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;14009 |
| Lenovo Group, Ltd. | 287436 | &nbsp;&nbsp;&nbsp;&nbsp;341817 |
| Lens Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;31611 |
| Li Auto, Inc., Class A (A) | &nbsp;&nbsp;44600 | &nbsp;&nbsp;&nbsp;&nbsp;376431 |
| Li Ning Company, Ltd. | &nbsp;&nbsp;80500 | &nbsp;&nbsp;&nbsp;&nbsp;193427 |
| Lingyi iTech Guangdong Company, Class A | &nbsp;&nbsp;12700 | &nbsp;&nbsp;&nbsp;&nbsp;28219 |
| Longfor Group Holdings, Ltd. (B) | &nbsp;&nbsp;66471 | &nbsp;&nbsp;&nbsp;&nbsp;73275 |
| LONGi Green Energy Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;15064 | &nbsp;&nbsp;&nbsp;&nbsp;39221 |
| Loongson Technology Corp, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;1251 | &nbsp;&nbsp;&nbsp;&nbsp;23642 |
| Luxshare Precision Industry Company, Ltd., Class A | &nbsp;&nbsp;15495 | &nbsp;&nbsp;&nbsp;&nbsp;126028 |
| Luzhou Laojiao Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;54936 |
| Mango Excellent Media Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;11539 |
| Maxscend Microelectronics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1440 | &nbsp;&nbsp;&nbsp;&nbsp;16782 |
| Meitu, Inc. (A)(B) | 121600 | &nbsp;&nbsp;&nbsp;&nbsp;109494 |
| Meituan, Class B (A)(B) | 177500 | 2352264 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 32 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Metallurgical Corp. of China, Ltd., Class A | &nbsp;&nbsp;28700 | $&nbsp;&nbsp;&nbsp;&nbsp;12198 |
| Midea Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;81622 |
| Midea Group Company, Ltd., H Shares | &nbsp;&nbsp;12800 | &nbsp;&nbsp;&nbsp;&nbsp;139893 |
| MINISO Group Holding, Ltd. | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;12204 |
| MINISO Group Holding, Ltd., ADR (E) | &nbsp;&nbsp;&nbsp;3276 | &nbsp;&nbsp;&nbsp;&nbsp;61425 |
| Montage Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2305 | &nbsp;&nbsp;&nbsp;&nbsp;38859 |
| Muyuan Foods Company, Ltd., Class A | &nbsp;&nbsp;11382 | &nbsp;&nbsp;&nbsp;&nbsp;82406 |
| NARI Technology Company, Ltd., Class A | &nbsp;&nbsp;17798 | &nbsp;&nbsp;&nbsp;&nbsp;57268 |
| National Silicon Industry Group Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;5536 | &nbsp;&nbsp;&nbsp;&nbsp;17145 |
| NAURA Technology Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp;97543 |
| NetEase, Inc. | &nbsp;&nbsp;62100 | 1709313 |
| New China Life Insurance Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;45896 |
| New China Life Insurance Company, Ltd., H Shares | &nbsp;&nbsp;35500 | &nbsp;&nbsp;&nbsp;&nbsp;248741 |
| New Hope Liuhe Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8970 |
| New Oriental Education & Technology Group, Inc. | &nbsp;&nbsp;52500 | &nbsp;&nbsp;&nbsp;&nbsp;288393 |
| Nexchip Semiconductor Corp., Class A | &nbsp;&nbsp;&nbsp;7599 | &nbsp;&nbsp;&nbsp;&nbsp;36079 |
| Ningbo Deye Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1764 | &nbsp;&nbsp;&nbsp;&nbsp;21729 |
| Ningbo Sanxing Medical Electric Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9544 |
| Ningbo Tuopu Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3190 | &nbsp;&nbsp;&nbsp;&nbsp;35291 |
| Ningxia Baofeng Energy Group Company, Ltd., Class A | &nbsp;&nbsp;14900 | &nbsp;&nbsp;&nbsp;&nbsp;41856 |
| NIO, Inc., Class A (A) | &nbsp;&nbsp;56730 | &nbsp;&nbsp;&nbsp;&nbsp;291591 |
| Nongfu Spring Company, Ltd., H Shares (B) | &nbsp;&nbsp;71000 | &nbsp;&nbsp;&nbsp;&nbsp;428621 |
| OFILM Group Company, Ltd., Class A (A) | &nbsp;&nbsp;13100 | &nbsp;&nbsp;&nbsp;&nbsp;19931 |
| OmniVision Integrated Circuits Group, Inc. | &nbsp;&nbsp;&nbsp;2185 | &nbsp;&nbsp;&nbsp;&nbsp;39366 |
| Orient Securities Company, Ltd., Class A | &nbsp;&nbsp;12288 | &nbsp;&nbsp;&nbsp;&nbsp;19166 |
| PetroChina Company, Ltd., Class A | &nbsp;&nbsp;44800 | &nbsp;&nbsp;&nbsp;&nbsp;66707 |
| PetroChina Company, Ltd., H Shares | 742261 | &nbsp;&nbsp;&nbsp;&nbsp;800082 |
| Pharmaron Beijing Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;12203 |
| PICC Property & Casualty Company, Ltd., H Shares | 248363 | &nbsp;&nbsp;&nbsp;&nbsp;522160 |
| Ping An Bank Company, Ltd., Class A | &nbsp;&nbsp;38200 | &nbsp;&nbsp;&nbsp;&nbsp;62377 |
| Ping An Insurance Group Company of China, Ltd., Class A | &nbsp;&nbsp;24100 | &nbsp;&nbsp;&nbsp;&nbsp;236086 |
| Ping An Insurance Group Company of China, Ltd., H Shares | 238790 | 2005765 |
| Piotech, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;26791 |
| Poly Developments and Holdings Group Company, Ltd., Class A | &nbsp;&nbsp;26500 | &nbsp;&nbsp;&nbsp;&nbsp;23138 |
| Pop Mart International Group, Ltd. (B) | &nbsp;&nbsp;19200 | &nbsp;&nbsp;&nbsp;&nbsp;463233 |
| Postal Savings Bank of China Company, Ltd., Class A | &nbsp;&nbsp;58900 | &nbsp;&nbsp;&nbsp;&nbsp;45951 |
| Postal Savings Bank of China Company, Ltd., H Shares (B) | 330000 | &nbsp;&nbsp;&nbsp;&nbsp;225777 |
| Power Construction Corp. of China, Ltd., Class A | &nbsp;&nbsp;35800 | &nbsp;&nbsp;&nbsp;&nbsp;26641 |
| Qfin Holdings, Inc., ADR | &nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;82861 |
| Qinghai Salt Lake Industry Company, Ltd., Class A (A) | &nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp;&nbsp;44330 |
| Range Intelligent Computing Technology Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;22708 |
| Remegen Company, Ltd., H Shares (A)(B) | &nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;51024 |
| Rockchip Electronics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;33203 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Rongsheng Petrochemical Company, Ltd., Class A | 21050 | $&nbsp;&nbsp;&nbsp;35285 |
| SAIC Motor Corp., Ltd., Class A | 17300 | &nbsp;&nbsp;&nbsp;37710 |
| Sailun Group Company, Ltd., Class A | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;15059 |
| Sanan Optoelectronics Company, Ltd., Class A | 10100 | &nbsp;&nbsp;&nbsp;20450 |
| Sany Heavy Industry Company, Ltd., Class A | 18600 | &nbsp;&nbsp;&nbsp;56252 |
| Satellite Chemical Company, Ltd., Class A | &nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;17210 |
| SDIC Capital Company, Ltd., Class A | 13300 | &nbsp;&nbsp;&nbsp;14562 |
| SDIC Power Holdings Company, Ltd., Class A | 15100 | &nbsp;&nbsp;&nbsp;28360 |
| Seres Group Company, Ltd., Class A | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;53597 |
| SF Holding Company, Ltd., Class A | 10100 | &nbsp;&nbsp;&nbsp;55382 |
| SG Micro Corp., Class A | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;12761 |
| Shaanxi Coal Industry Company, Ltd., Class A | 19600 | &nbsp;&nbsp;&nbsp;59816 |
| Shandong Gold Mining Company, Ltd., Class A | &nbsp;&nbsp;5880 | &nbsp;&nbsp;&nbsp;32446 |
| Shandong Gold Mining Company, Ltd., H Shares (B) | 30500 | 135792 |
| Shandong Himile Mechanical Science & Technology Company, Ltd., Class A | &nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;35061 |
| Shandong Hualu Hengsheng Chemical Company, Ltd., Class A | &nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;19341 |
| Shandong Nanshan Aluminum Company, Ltd., Class A | 24300 | &nbsp;&nbsp;&nbsp;18699 |
| Shandong Sun Paper Industry JSC, Ltd., Class A | &nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;13072 |
| Shandong Weigao Group Medical Polymer Company, Ltd., H Shares | 80000 | &nbsp;&nbsp;&nbsp;51581 |
| Shanghai Baosight Software Company, Ltd., Class A | &nbsp;&nbsp;4320 | &nbsp;&nbsp;&nbsp;12809 |
| Shanghai BOCHU Electronic Technology Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;11566 |
| Shanghai Electric Group Company, Ltd., Class A (A) | 25600 | &nbsp;&nbsp;&nbsp;31596 |
| Shanghai Fosun Pharmaceutical Group Company, Ltd., Class A | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;12138 |
| Shanghai International Airport Company, Ltd., Class A | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;7504 |
| Shanghai Pharmaceuticals Holding Company, Ltd., Class A | &nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;14316 |
| Shanghai Pudong Development Bank Company, Ltd., Class A | 65300 | 116281 |
| Shanghai Putailai New Energy Technology Group Company, Ltd. | &nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;16026 |
| Shanghai RAAS Blood Products Company, Ltd., Class A | 13800 | &nbsp;&nbsp;&nbsp;12521 |
| Shanghai Rural Commercial Bank Company, Ltd., Class A | 19500 | &nbsp;&nbsp;&nbsp;25934 |
| Shanghai United Imaging Healthcare Company, Ltd., Class A | &nbsp;&nbsp;1689 | &nbsp;&nbsp;&nbsp;30348 |
| Shanghai Zhangjiang High-Tech Park Development Company, Ltd., Class A | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;20132 |
| Shanjin International Gold Company, Ltd., Class A | &nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;20197 |
| Shanxi Coking Coal Energy Group Company, Ltd., Class A | 11600 | &nbsp;&nbsp;&nbsp;10657 |
| Shanxi Lu'an Environmental Energy Development Company, Ltd., Class A | &nbsp;&nbsp;6100 | &nbsp;&nbsp;&nbsp;10300 |
| Shanxi Xinghuacun Fen Wine Factory Company, Ltd., Class A | &nbsp;&nbsp;2460 | &nbsp;&nbsp;&nbsp;60516 |
| Shenergy Company, Ltd., Class A | 10200 | &nbsp;&nbsp;&nbsp;11354 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 33 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Shengyi Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;5100 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51927 |
| Shennan Circuits Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48308 |
| Shenwan Hongyuan Group Company, Ltd., Class A | &nbsp;&nbsp;36200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27303 |
| Shenzhen Goodix Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11317 |
| Shenzhen Inovance Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24249 |
| Shenzhen Mindray Bio-Medical Electronics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68173 |
| Shenzhen New Industries Biomedical Engineering Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12879 |
| Shenzhen Salubris Pharmaceuticals Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16303 |
| Shenzhen Transsion Holdings Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21604 |
| Shenzhou International Group Holdings, Ltd. | &nbsp;&nbsp;28300 | &nbsp;&nbsp;&nbsp;&nbsp;223000 |
| Sichuan Biokin Pharmaceutical Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19843 |
| Sichuan Changhong Electric Company, Ltd., Class A | &nbsp;&nbsp;16600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21656 |
| Sichuan Chuantou Energy Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19494 |
| Sichuan Kelun Pharmaceutical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13019 |
| Sichuan Kelun-Biotech Biopharmaceutical Company, Ltd., H Shares (A) | &nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85336 |
| Sichuan Road and Bridge Group Company, Ltd., Class A | &nbsp;&nbsp;14700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20934 |
| Sinolink Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10250 |
| Sinopharm Group Company, Ltd., H Shares | &nbsp;&nbsp;46400 | &nbsp;&nbsp;&nbsp;&nbsp;116025 |
| Sinotruk Hong Kong, Ltd. | &nbsp;&nbsp;23500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83400 |
| Smoore International Holdings, Ltd. (B) | &nbsp;&nbsp;62000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94945 |
| SooChow Securities Company, Ltd., Class A | &nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13490 |
| Spring Airlines Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17020 |
| Sungrow Power Supply Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;102799 |
| Sunny Optical Technology Group Company, Ltd. | &nbsp;&nbsp;24400 | &nbsp;&nbsp;&nbsp;&nbsp;206049 |
| SUPCON Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11578 |
| Suzhou Dongshan Precision Manufacturing Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75168 |
| Suzhou TFC Optical Communication Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45276 |
| TAL Education Group, ADR (A) | &nbsp;&nbsp;14900 | &nbsp;&nbsp;&nbsp;&nbsp;162559 |
| TBEA Company, Ltd., Class A | &nbsp;&nbsp;10200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32399 |
| TCL Technology Group Corp., Class A | &nbsp;&nbsp;38980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25349 |
| TCL Zhonghuan Renewable Energy Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;8250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10123 |
| Tencent Holdings, Ltd. | 226700 | 17397759 |
| Tencent Music Entertainment Group, ADR | &nbsp;&nbsp;20500 | &nbsp;&nbsp;&nbsp;&nbsp;359365 |
| The People's Insurance Company Group of China, Ltd., Class A | &nbsp;&nbsp;19200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24595 |
| The People's Insurance Company Group of China, Ltd., H Shares | 302000 | &nbsp;&nbsp;&nbsp;&nbsp;262346 |
| Tianqi Lithium Corp., Class A (A) | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23755 |
| Tingyi Cayman Islands Holding Corp. | &nbsp;&nbsp;76000 | &nbsp;&nbsp;&nbsp;&nbsp;115227 |
| Tongcheng Travel Holdings, Ltd. | &nbsp;&nbsp;41600 | &nbsp;&nbsp;&nbsp;&nbsp;120082 |
| TongFu Microelectronics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16749 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Tongling Nonferrous Metals Group Company, Ltd., Class A | &nbsp;&nbsp;26300 | $&nbsp;&nbsp;&nbsp;&nbsp;22584 |
| Tongwei Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;9300 | &nbsp;&nbsp;&nbsp;&nbsp;27310 |
| Trina Solar Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;4405 | &nbsp;&nbsp;&nbsp;&nbsp;10423 |
| Tsingtao Brewery Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;12260 |
| Tsingtao Brewery Company, Ltd., H Shares | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;137912 |
| UBTech Robotics Corp, Ltd., H Shares (A) | &nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;104288 |
| Unigroup Guoxin Microelectronics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1679 | &nbsp;&nbsp;&nbsp;&nbsp;18749 |
| Unisplendour Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;5320 | &nbsp;&nbsp;&nbsp;&nbsp;18739 |
| Verisilicon Microelectronics Shanghai Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;1072 | &nbsp;&nbsp;&nbsp;&nbsp;20971 |
| Victory Giant Technology Huizhou Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;61292 |
| Vipshop Holdings, Ltd., ADR | &nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;183976 |
| Wanhua Chemical Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;76797 |
| Weichai Power Company, Ltd., Class A | &nbsp;&nbsp;14100 | &nbsp;&nbsp;&nbsp;&nbsp;34700 |
| Weichai Power Company, Ltd., H Shares | &nbsp;&nbsp;64720 | &nbsp;&nbsp;&nbsp;&nbsp;157063 |
| Wens Foodstuff Group Company, Ltd., Class A | &nbsp;&nbsp;14160 | &nbsp;&nbsp;&nbsp;&nbsp;34214 |
| Western Mining Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;19389 |
| Western Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;9300 | &nbsp;&nbsp;&nbsp;&nbsp;10500 |
| Wingtech Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;13337 |
| Wintime Energy Group Company, Ltd., Class A (A) | &nbsp;&nbsp;46100 | &nbsp;&nbsp;&nbsp;&nbsp;10359 |
| Wuhan Guide Infrared Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;8900 | &nbsp;&nbsp;&nbsp;&nbsp;18682 |
| Wuliangye Yibin Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;8600 | &nbsp;&nbsp;&nbsp;&nbsp;130418 |
| WUS Printed Circuit Kunshan Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4180 | &nbsp;&nbsp;&nbsp;&nbsp;43483 |
| WuXi AppTec Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;5544 | &nbsp;&nbsp;&nbsp;&nbsp;71834 |
| WuXi AppTec Company, Ltd., H Shares (B) | &nbsp;&nbsp;12106 | &nbsp;&nbsp;&nbsp;&nbsp;153511 |
| WuXi Biologics Cayman, Inc. (A)(B) | 124500 | &nbsp;&nbsp;&nbsp;&nbsp;503455 |
| WuXi XDC Cayman, Inc. (A) | &nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;81318 |
| XCMG Construction Machinery Company, Ltd., Class A | &nbsp;&nbsp;23900 | &nbsp;&nbsp;&nbsp;&nbsp;39618 |
| Xiaomi Corp., Class B (A)(B) | 610400 | 3080584 |
| Xinjiang Daqo New Energy Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;3610 | &nbsp;&nbsp;&nbsp;&nbsp;13852 |
| Xinyi Solar Holdings, Ltd. | 175154 | &nbsp;&nbsp;&nbsp;&nbsp;66997 |
| XPeng, Inc., A Shares (A) | &nbsp;&nbsp;43400 | &nbsp;&nbsp;&nbsp;&nbsp;441285 |
| XtalPi Holdings, Ltd. (A) | &nbsp;&nbsp;53000 | &nbsp;&nbsp;&nbsp;&nbsp;64568 |
| Yadea Group Holdings, Ltd. (B) | &nbsp;&nbsp;43978 | &nbsp;&nbsp;&nbsp;&nbsp;64416 |
| Yangzijiang Shipbuilding Holdings, Ltd. | &nbsp;&nbsp;90700 | &nbsp;&nbsp;&nbsp;&nbsp;245025 |
| Yankuang Energy Group Company, Ltd., Class A | &nbsp;&nbsp;10140 | &nbsp;&nbsp;&nbsp;&nbsp;19074 |
| Yankuang Energy Group Company, Ltd., H Shares | 124680 | &nbsp;&nbsp;&nbsp;&nbsp;154090 |
| Yantai Jereh Oilfield Services Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;21269 |
| Yealink Network Technology Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;13266 |
| Yonghui Superstores Company, Ltd., Class A (A) | &nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;22132 |
| Yonyou Network Technology Company, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9874 |
| Youngor Fashion Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;10439 |
| YTO Express Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;16448 |
| Yum China Holdings, Inc. | &nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;&nbsp;639716 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 34 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **China (continued)** |  |  |
| Yunnan Aluminium Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;7200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33803 |
| Yunnan Baiyao Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31839 |
| Yunnan Yuntianhua Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18165 |
| Yutong Bus Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21522 |
| Zangge Mining Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39879 |
| Zhangzhou Pientzehuang Pharmaceutical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24158 |
| Zhaojin Mining Industry Company, Ltd., H Shares | &nbsp;&nbsp;65000 | &nbsp;&nbsp;&nbsp;&nbsp;256655 |
| Zhejiang China Commodities City Group Company, Ltd., Class A | &nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26056 |
| Zhejiang Chint Electrics Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19149 |
| Zhejiang Dahua Technology Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13016 |
| Zhejiang Expressway Company, Ltd., H Shares | &nbsp;&nbsp;68610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63197 |
| Zhejiang Huayou Cobalt Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32241 |
| Zhejiang Jingsheng Mechanical & Electrical Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13680 |
| Zhejiang Juhua Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30794 |
| Zhejiang Leapmotor Technology Company, Ltd., H Shares (A)(B) | &nbsp;&nbsp;17300 | &nbsp;&nbsp;&nbsp;&nbsp;108370 |
| Zhejiang Longsheng Group Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10369 |
| Zhejiang NHU Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;6912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24910 |
| Zhejiang Sanhua Intelligent Controls Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28530 |
| Zhejiang Wanfeng Auto Wheel Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10328 |
| Zhejiang Weiming Environment Protection Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12718 |
| Zhejiang Zheneng Electric Power Company, Ltd., Class A | &nbsp;&nbsp;22900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16218 |
| Zheshang Securities Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;8100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12527 |
| Zhongji Innolight Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;2240 | &nbsp;&nbsp;&nbsp;&nbsp;194626 |
| Zhongjin Gold Corp., Ltd., Class A | &nbsp;&nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32638 |
| Zhongtai Securities Company, Ltd., Class A | &nbsp;&nbsp;14100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13110 |
| Zhuzhou CRRC Times Electric Company, Ltd., Class A | &nbsp;&nbsp;&nbsp;1804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13239 |
| Zhuzhou CRRC Times Electric Company, Ltd., H Shares | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87103 |
| Zijin Mining Group Company, Ltd., Class A | &nbsp;&nbsp;41700 | &nbsp;&nbsp;&nbsp;&nbsp;205261 |
| Zijin Mining Group Company, Ltd., H Shares | 203469 | &nbsp;&nbsp;&nbsp;&nbsp;931569 |
| Zoomlion Heavy Industry Science and Technology Company, Ltd., Class A | &nbsp;&nbsp;14300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17657 |
| ZTE Corp., Class A | &nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41154 |
| ZTE Corp., H Shares | &nbsp;&nbsp;25887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90443 |
| ZTO Express Cayman, Inc. | &nbsp;&nbsp;15400 | &nbsp;&nbsp;&nbsp;&nbsp;321215 |
|  |  | 89982537 |
| **Colombia - 0.0%** |  |  |
| Grupo Cibest SA, ADR | &nbsp;&nbsp;&nbsp;3847 | &nbsp;&nbsp;&nbsp;&nbsp;244708 |
| **Czech Republic - 0.0%** |  |  |
| CEZ AS | &nbsp;&nbsp;&nbsp;4576 | &nbsp;&nbsp;&nbsp;&nbsp;288000 |
| Komercni banka AS | &nbsp;&nbsp;&nbsp;2506 | &nbsp;&nbsp;&nbsp;&nbsp;141287 |
| Moneta Money Bank AS (B) | &nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84580 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;513867 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Denmark - 1.2%** |  |  |
| A.P. Moller - Maersk A/S, Series A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 | $&nbsp;&nbsp;&nbsp;&nbsp;227082 |
| A.P. Moller - Maersk A/S, Series B | &nbsp;&nbsp;&nbsp;&nbsp;134 | &nbsp;&nbsp;&nbsp;&nbsp;307470 |
| Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;3454 | &nbsp;&nbsp;&nbsp;&nbsp;452071 |
| Coloplast A/S, B Shares | &nbsp;&nbsp;&nbsp;4442 | &nbsp;&nbsp;&nbsp;&nbsp;380836 |
| Danske Bank A/S | &nbsp;&nbsp;24190 | &nbsp;&nbsp;&nbsp;1207959 |
| Demant A/S (A) | &nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;111192 |
| DSV A/S | &nbsp;&nbsp;&nbsp;7227 | &nbsp;&nbsp;&nbsp;1820165 |
| Genmab A/S (A) | &nbsp;&nbsp;&nbsp;2266 | &nbsp;&nbsp;&nbsp;&nbsp;702423 |
| Novo Nordisk A/S, Class B | 113786 | &nbsp;&nbsp;&nbsp;5771051 |
| Novonesis A/S, B Shares | &nbsp;&nbsp;12367 | &nbsp;&nbsp;&nbsp;&nbsp;791247 |
| Orsted A/S (A)(B) | &nbsp;&nbsp;18546 | &nbsp;&nbsp;&nbsp;&nbsp;354031 |
| Pandora A/S | &nbsp;&nbsp;&nbsp;2888 | &nbsp;&nbsp;&nbsp;&nbsp;319372 |
| ROCKWOOL A/S, B Shares | &nbsp;&nbsp;&nbsp;3520 | &nbsp;&nbsp;&nbsp;&nbsp;123671 |
| Tryg A/S | &nbsp;&nbsp;11535 | &nbsp;&nbsp;&nbsp;&nbsp;301656 |
| Vestas Wind Systems A/S | &nbsp;&nbsp;35571 | &nbsp;&nbsp;&nbsp;&nbsp;962096 |
|  |  | 13832322 |
| **Egypt - 0.0%** |  |  |
| Commercial International Bank Egypt SAE | &nbsp;&nbsp;87744 | &nbsp;&nbsp;&nbsp;&nbsp;189435 |
| Eastern Company SAE | &nbsp;&nbsp;49043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38145 |
| Talaat Moustafa Group | &nbsp;&nbsp;32709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54864 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;282444 |
| **Finland - 0.7%** |  |  |
| Elisa OYJ | &nbsp;&nbsp;&nbsp;4868 | &nbsp;&nbsp;&nbsp;&nbsp;215729 |
| Fortum OYJ | &nbsp;&nbsp;16798 | &nbsp;&nbsp;&nbsp;&nbsp;356720 |
| Kesko OYJ, B Shares | &nbsp;&nbsp;&nbsp;9739 | &nbsp;&nbsp;&nbsp;&nbsp;219753 |
| Kone OYJ, B Shares | &nbsp;&nbsp;12120 | &nbsp;&nbsp;&nbsp;&nbsp;858615 |
| Metso OYJ | &nbsp;&nbsp;22595 | &nbsp;&nbsp;&nbsp;&nbsp;393133 |
| Neste OYJ | &nbsp;&nbsp;14709 | &nbsp;&nbsp;&nbsp;&nbsp;332763 |
| Nokia OYJ | 131593 | &nbsp;&nbsp;&nbsp;&nbsp;848388 |
| Nokia OYJ (Euronext Paris Exchange) | &nbsp;&nbsp;56247 | &nbsp;&nbsp;&nbsp;&nbsp;366863 |
| Nordea Bank ABP | &nbsp;&nbsp;&nbsp;3099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58305 |
| Nordea Bank ABP (Stockholm Stock Exchange) | 108931 | &nbsp;&nbsp;&nbsp;2049259 |
| Orion OYJ, Class B | &nbsp;&nbsp;&nbsp;3780 | &nbsp;&nbsp;&nbsp;&nbsp;282016 |
| Sampo OYJ, A Shares | &nbsp;&nbsp;86409 | &nbsp;&nbsp;&nbsp;1045445 |
| Stora Enso OYJ, R Shares | &nbsp;&nbsp;20482 | &nbsp;&nbsp;&nbsp;&nbsp;255730 |
| UPM-Kymmene OYJ | &nbsp;&nbsp;18718 | &nbsp;&nbsp;&nbsp;&nbsp;541126 |
| Wartsila OYJ ABP | &nbsp;&nbsp;17716 | &nbsp;&nbsp;&nbsp;&nbsp;627227 |
|  |  | &nbsp;&nbsp;&nbsp;8451072 |
| **France - 6.3%** |  |  |
| Accor SA | &nbsp;&nbsp;&nbsp;6830 | &nbsp;&nbsp;&nbsp;&nbsp;385050 |
| Aeroports de Paris SA | &nbsp;&nbsp;&nbsp;1190 | &nbsp;&nbsp;&nbsp;&nbsp;155290 |
| Air Liquide SA | &nbsp;&nbsp;20625 | &nbsp;&nbsp;&nbsp;3876545 |
| Airbus SE | &nbsp;&nbsp;21188 | &nbsp;&nbsp;&nbsp;4920352 |
| Alstom SA (A) | &nbsp;&nbsp;12620 | &nbsp;&nbsp;&nbsp;&nbsp;372314 |
| Amundi SA (B) | &nbsp;&nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;170258 |
| AXA SA | &nbsp;&nbsp;61152 | &nbsp;&nbsp;&nbsp;2934131 |
| BioMerieux | &nbsp;&nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;185293 |
| BNP Paribas SA | &nbsp;&nbsp;35440 | &nbsp;&nbsp;&nbsp;3352867 |
| Bollore SE | &nbsp;&nbsp;24915 | &nbsp;&nbsp;&nbsp;&nbsp;140023 |
| Bouygues SA | &nbsp;&nbsp;&nbsp;6976 | &nbsp;&nbsp;&nbsp;&nbsp;362649 |
| Bureau Veritas SA | &nbsp;&nbsp;11003 | &nbsp;&nbsp;&nbsp;&nbsp;350036 |
| Capgemini SE | &nbsp;&nbsp;&nbsp;5384 | &nbsp;&nbsp;&nbsp;&nbsp;894002 |
| Carrefour SA | &nbsp;&nbsp;19340 | &nbsp;&nbsp;&nbsp;&nbsp;322699 |
| Cie de Saint-Gobain SA | &nbsp;&nbsp;16016 | &nbsp;&nbsp;&nbsp;1628695 |
| Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;23832 | &nbsp;&nbsp;&nbsp;&nbsp;789939 |
| Covivio SA | &nbsp;&nbsp;&nbsp;1990 | &nbsp;&nbsp;&nbsp;&nbsp;132097 |
| Credit Agricole SA | &nbsp;&nbsp;38090 | &nbsp;&nbsp;&nbsp;&nbsp;784191 |
| Danone SA | &nbsp;&nbsp;22899 | &nbsp;&nbsp;&nbsp;2065465 |
| Dassault Aviation SA | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;223462 |
| Dassault Systemes SE | &nbsp;&nbsp;23899 | &nbsp;&nbsp;&nbsp;&nbsp;667695 |
| Edenred SE | &nbsp;&nbsp;&nbsp;8717 | &nbsp;&nbsp;&nbsp;&nbsp;192697 |
| Eiffage SA | &nbsp;&nbsp;&nbsp;2589 | &nbsp;&nbsp;&nbsp;&nbsp;370950 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 35 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **France (continued)** |  |  |
| Engie SA | &nbsp;&nbsp;65128 | $&nbsp;&nbsp;&nbsp;1710867 |
| EssilorLuxottica SA | &nbsp;&nbsp;10627 | &nbsp;&nbsp;&nbsp;3360230 |
| FDJ UNITED | &nbsp;&nbsp;&nbsp;3888 | &nbsp;&nbsp;&nbsp;&nbsp;107623 |
| Gecina SA | &nbsp;&nbsp;&nbsp;1546 | &nbsp;&nbsp;&nbsp;&nbsp;146827 |
| Getlink SE | &nbsp;&nbsp;10201 | &nbsp;&nbsp;&nbsp;&nbsp;188300 |
| Hermes International SCA | &nbsp;&nbsp;&nbsp;1129 | &nbsp;&nbsp;&nbsp;2803133 |
| Ipsen SA | &nbsp;&nbsp;&nbsp;1268 | &nbsp;&nbsp;&nbsp;&nbsp;176923 |
| Kering SA | &nbsp;&nbsp;&nbsp;2611 | &nbsp;&nbsp;&nbsp;&nbsp;912381 |
| Klepierre SA | &nbsp;&nbsp;&nbsp;8046 | &nbsp;&nbsp;&nbsp;&nbsp;318342 |
| Legrand SA | &nbsp;&nbsp;&nbsp;9260 | &nbsp;&nbsp;&nbsp;1376614 |
| L'Oreal SA | &nbsp;&nbsp;&nbsp;8574 | &nbsp;&nbsp;&nbsp;3680948 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;&nbsp;8838 | &nbsp;&nbsp;&nbsp;6661508 |
| Orange SA | &nbsp;&nbsp;66397 | &nbsp;&nbsp;&nbsp;1107936 |
| Pernod Ricard SA | &nbsp;&nbsp;&nbsp;7172 | &nbsp;&nbsp;&nbsp;&nbsp;614111 |
| Publicis Groupe SA | &nbsp;&nbsp;&nbsp;8062 | &nbsp;&nbsp;&nbsp;&nbsp;837219 |
| Renault SA | &nbsp;&nbsp;&nbsp;6965 | &nbsp;&nbsp;&nbsp;&nbsp;288297 |
| Rexel SA | &nbsp;&nbsp;&nbsp;7770 | &nbsp;&nbsp;&nbsp;&nbsp;304756 |
| Safran SA | &nbsp;&nbsp;12840 | &nbsp;&nbsp;&nbsp;4472383 |
| Sanofi SA | &nbsp;&nbsp;39001 | &nbsp;&nbsp;&nbsp;3773543 |
| Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;1029 | &nbsp;&nbsp;&nbsp;&nbsp;252744 |
| Schneider Electric SE | &nbsp;&nbsp;18877 | &nbsp;&nbsp;&nbsp;5164274 |
| Schneider Electric SE (Euronext London Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;&nbsp;170422 |
| Societe Generale SA | &nbsp;&nbsp;24848 | &nbsp;&nbsp;&nbsp;2000360 |
| Sodexo SA | &nbsp;&nbsp;&nbsp;3211 | &nbsp;&nbsp;&nbsp;&nbsp;164519 |
| Thales SA | &nbsp;&nbsp;&nbsp;3332 | &nbsp;&nbsp;&nbsp;&nbsp;898859 |
| TotalEnergies SE | &nbsp;&nbsp;70134 | &nbsp;&nbsp;&nbsp;4572590 |
| Unibail-Rodamco-Westfield (A) | &nbsp;&nbsp;&nbsp;3997 | &nbsp;&nbsp;&nbsp;&nbsp;434661 |
| Veolia Environnement SA | &nbsp;&nbsp;22469 | &nbsp;&nbsp;&nbsp;&nbsp;781863 |
| Vinci SA | &nbsp;&nbsp;17653 | &nbsp;&nbsp;&nbsp;2483475 |
|  |  | 75042408 |
| **Germany - 5.7%** |  |  |
| adidas AG | &nbsp;&nbsp;&nbsp;6053 | &nbsp;&nbsp;&nbsp;1197803 |
| Allianz SE | &nbsp;&nbsp;13645 | &nbsp;&nbsp;&nbsp;6309129 |
| BASF SE | &nbsp;&nbsp;31826 | &nbsp;&nbsp;&nbsp;1674637 |
| Bayer AG | &nbsp;&nbsp;35031 | &nbsp;&nbsp;&nbsp;1519494 |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;9819 | &nbsp;&nbsp;&nbsp;1064725 |
| Beiersdorf AG | &nbsp;&nbsp;&nbsp;3535 | &nbsp;&nbsp;&nbsp;&nbsp;388203 |
| Brenntag SE | &nbsp;&nbsp;&nbsp;4572 | &nbsp;&nbsp;&nbsp;&nbsp;265377 |
| Commerzbank AG | &nbsp;&nbsp;25643 | &nbsp;&nbsp;&nbsp;1082252 |
| Continental AG | &nbsp;&nbsp;&nbsp;4004 | &nbsp;&nbsp;&nbsp;&nbsp;317769 |
| CTS Eventim AG & Company KGaA | &nbsp;&nbsp;&nbsp;2198 | &nbsp;&nbsp;&nbsp;&nbsp;201210 |
| Daimler Truck Holding AG | &nbsp;&nbsp;17301 | &nbsp;&nbsp;&nbsp;&nbsp;749349 |
| Delivery Hero SE (A)(B) | &nbsp;&nbsp;&nbsp;6759 | &nbsp;&nbsp;&nbsp;&nbsp;178167 |
| Deutsche Bank AG | &nbsp;&nbsp;65997 | &nbsp;&nbsp;&nbsp;2543463 |
| Deutsche Boerse AG | &nbsp;&nbsp;&nbsp;6714 | &nbsp;&nbsp;&nbsp;1764580 |
| Deutsche Lufthansa AG | &nbsp;&nbsp;20091 | &nbsp;&nbsp;&nbsp;&nbsp;197372 |
| Deutsche Telekom AG | 129884 | &nbsp;&nbsp;&nbsp;4227856 |
| DHL Group | &nbsp;&nbsp;33971 | &nbsp;&nbsp;&nbsp;1852290 |
| E.ON SE | &nbsp;&nbsp;80057 | &nbsp;&nbsp;&nbsp;1515871 |
| Evonik Industries AG | &nbsp;&nbsp;&nbsp;9028 | &nbsp;&nbsp;&nbsp;&nbsp;140891 |
| Fresenius Medical Care AG | &nbsp;&nbsp;&nbsp;7738 | &nbsp;&nbsp;&nbsp;&nbsp;369609 |
| Fresenius SE & Company KGaA | &nbsp;&nbsp;15063 | &nbsp;&nbsp;&nbsp;&nbsp;862985 |
| GEA Group AG | &nbsp;&nbsp;&nbsp;5625 | &nbsp;&nbsp;&nbsp;&nbsp;380150 |
| Hannover Rueck SE | &nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;660948 |
| Heidelberg Materials AG | &nbsp;&nbsp;&nbsp;4810 | &nbsp;&nbsp;&nbsp;1247024 |
| Henkel AG & Company KGaA | &nbsp;&nbsp;&nbsp;3543 | &nbsp;&nbsp;&nbsp;&nbsp;269644 |
| Hensoldt AG | &nbsp;&nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;194167 |
| HOCHTIEF AG | &nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;201613 |
| Infineon Technologies AG | &nbsp;&nbsp;46567 | &nbsp;&nbsp;&nbsp;2031760 |
| Knorr-Bremse AG | &nbsp;&nbsp;&nbsp;2587 | &nbsp;&nbsp;&nbsp;&nbsp;287007 |
| LEG Immobilien SE | &nbsp;&nbsp;&nbsp;2553 | &nbsp;&nbsp;&nbsp;&nbsp;186205 |
| Mercedes-Benz Group AG | &nbsp;&nbsp;25751 | &nbsp;&nbsp;&nbsp;1785111 |
| Merck KGaA | &nbsp;&nbsp;&nbsp;4533 | &nbsp;&nbsp;&nbsp;&nbsp;646963 |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;1919 | &nbsp;&nbsp;&nbsp;&nbsp;795478 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Germany (continued)** |  |  |
| Muenchener Rueckversicherungs-Gesellschaft AG | &nbsp;&nbsp;&nbsp;4607 | $&nbsp;&nbsp;&nbsp;3031800 |
| Nemetschek SE | &nbsp;&nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;217462 |
| Rational AG | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;132800 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp;1638 | &nbsp;&nbsp;&nbsp;2988354 |
| RWE AG | &nbsp;&nbsp;22545 | &nbsp;&nbsp;&nbsp;1194587 |
| SAP SE | &nbsp;&nbsp;36922 | &nbsp;&nbsp;&nbsp;8970874 |
| Scout24 SE (B) | &nbsp;&nbsp;&nbsp;2729 | &nbsp;&nbsp;&nbsp;&nbsp;274100 |
| Siemens AG | &nbsp;&nbsp;26863 | &nbsp;&nbsp;&nbsp;7523683 |
| Siemens Energy AG (A) | &nbsp;&nbsp;27351 | &nbsp;&nbsp;&nbsp;3837028 |
| Siemens Healthineers AG (B) | &nbsp;&nbsp;11899 | &nbsp;&nbsp;&nbsp;&nbsp;623716 |
| Symrise AG | &nbsp;&nbsp;&nbsp;4743 | &nbsp;&nbsp;&nbsp;&nbsp;384285 |
| Talanx AG | &nbsp;&nbsp;&nbsp;2354 | &nbsp;&nbsp;&nbsp;&nbsp;312702 |
| Vonovia SE | &nbsp;&nbsp;26430 | &nbsp;&nbsp;&nbsp;&nbsp;760638 |
| Zalando SE (A)(B) | &nbsp;&nbsp;&nbsp;7664 | &nbsp;&nbsp;&nbsp;&nbsp;226142 |
|  |  | 67587273 |
| **Greece - 0.2%** |  |  |
| Alpha Bank SA | &nbsp;&nbsp;82858 | &nbsp;&nbsp;&nbsp;&nbsp;348258 |
| Eurobank SA | &nbsp;&nbsp;91237 | &nbsp;&nbsp;&nbsp;&nbsp;366833 |
| FF Group (A)(D) | &nbsp;&nbsp;&nbsp;1869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Hellenic Telecommunications Organization SA | &nbsp;&nbsp;&nbsp;5794 | &nbsp;&nbsp;&nbsp;&nbsp;114680 |
| JUMBO SA | &nbsp;&nbsp;&nbsp;3913 | &nbsp;&nbsp;&nbsp;&nbsp;128297 |
| National Bank of Greece SA | &nbsp;&nbsp;31216 | &nbsp;&nbsp;&nbsp;&nbsp;476120 |
| OPAP SA | &nbsp;&nbsp;&nbsp;7073 | &nbsp;&nbsp;&nbsp;&nbsp;158449 |
| Piraeus Bank SA (A) | &nbsp;&nbsp;36819 | &nbsp;&nbsp;&nbsp;&nbsp;293974 |
| Public Power Corp. SA | &nbsp;&nbsp;&nbsp;6989 | &nbsp;&nbsp;&nbsp;&nbsp;149344 |
|  |  | &nbsp;&nbsp;&nbsp;2035955 |
| **Hong Kong - 1.6%** |  |  |
| AIA Group, Ltd. | 370800 | &nbsp;&nbsp;&nbsp;3816679 |
| Alibaba Health Information Technology, Ltd. (A) | 194000 | &nbsp;&nbsp;&nbsp;&nbsp;126690 |
| Beijing Enterprises Holdings, Ltd. | &nbsp;&nbsp;19786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80946 |
| BOC Hong Kong Holdings, Ltd. | 132328 | &nbsp;&nbsp;&nbsp;&nbsp;671563 |
| Bosideng International Holdings, Ltd. | 182000 | &nbsp;&nbsp;&nbsp;&nbsp;104427 |
| C&D International Investment Group, Ltd. | &nbsp;&nbsp;27256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54932 |
| China Common Rich Renewable Energy Investments, Ltd. (A)(D) | 428695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| China Gas Holdings, Ltd. | 106663 | &nbsp;&nbsp;&nbsp;&nbsp;105284 |
| China Merchants Port Holdings Company, Ltd. | &nbsp;&nbsp;52898 | &nbsp;&nbsp;&nbsp;&nbsp;103015 |
| China Overseas Land & Investment, Ltd. | 131382 | &nbsp;&nbsp;&nbsp;&nbsp;207486 |
| China Power International Development, Ltd. | 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76821 |
| China Resources Beer Holdings Company, Ltd. | &nbsp;&nbsp;55979 | &nbsp;&nbsp;&nbsp;&nbsp;189057 |
| China Resources Gas Group, Ltd. | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87323 |
| China Resources Land, Ltd. | 110964 | &nbsp;&nbsp;&nbsp;&nbsp;388185 |
| China Resources Power Holdings Company, Ltd. | &nbsp;&nbsp;76244 | &nbsp;&nbsp;&nbsp;&nbsp;169722 |
| China Ruyi Holdings, Ltd. (A) | 304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85623 |
| China State Construction International Holdings, Ltd. | &nbsp;&nbsp;71250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83332 |
| China Taiping Insurance Holdings Company, Ltd. | &nbsp;&nbsp;60500 | &nbsp;&nbsp;&nbsp;&nbsp;145688 |
| Chow Tai Fook Jewellery Group, Ltd. | &nbsp;&nbsp;80800 | &nbsp;&nbsp;&nbsp;&nbsp;129090 |
| CK Asset Holdings, Ltd. | &nbsp;&nbsp;68546 | &nbsp;&nbsp;&nbsp;&nbsp;346629 |
| CK Hutchison Holdings, Ltd. | &nbsp;&nbsp;94163 | &nbsp;&nbsp;&nbsp;&nbsp;640163 |
| CK Infrastructure Holdings, Ltd. | &nbsp;&nbsp;21272 | &nbsp;&nbsp;&nbsp;&nbsp;157630 |
| CLP Holdings, Ltd. | &nbsp;&nbsp;58900 | &nbsp;&nbsp;&nbsp;&nbsp;526854 |
| Far East Horizon, Ltd. | &nbsp;&nbsp;66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68192 |
| Futu Holdings, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;361262 |
| Galaxy Entertainment Group, Ltd. | &nbsp;&nbsp;68000 | &nbsp;&nbsp;&nbsp;&nbsp;335296 |
| GCL Technology Holdings, Ltd. (A) | 759000 | &nbsp;&nbsp;&nbsp;&nbsp;103457 |
| Geely Automobile Holdings, Ltd. | 217000 | &nbsp;&nbsp;&nbsp;&nbsp;501894 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 36 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong (continued)** |  |  |
| Guangdong Investment, Ltd. | &nbsp;&nbsp;99220 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86559 |
| Hang Seng Bank, Ltd. | &nbsp;&nbsp;27319 | &nbsp;&nbsp;&nbsp;&nbsp;538938 |
| Henderson Land Development Company, Ltd. | &nbsp;&nbsp;55324 | &nbsp;&nbsp;&nbsp;&nbsp;200344 |
| HKT Trust & HKT, Ltd. | 145233 | &nbsp;&nbsp;&nbsp;&nbsp;215055 |
| Hong Kong & China Gas Company, Ltd. | 404091 | &nbsp;&nbsp;&nbsp;&nbsp;364278 |
| Hong Kong Exchanges & Clearing, Ltd. | &nbsp;&nbsp;42714 | &nbsp;&nbsp;&nbsp;2234854 |
| Hongkong Land Holdings, Ltd. | &nbsp;&nbsp;37200 | &nbsp;&nbsp;&nbsp;&nbsp;258418 |
| Jardine Matheson Holdings, Ltd. | &nbsp;&nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;402647 |
| Kunlun Energy Company, Ltd. | 134000 | &nbsp;&nbsp;&nbsp;&nbsp;128096 |
| Link REIT | &nbsp;&nbsp;90646 | &nbsp;&nbsp;&nbsp;&nbsp;404736 |
| MTR Corp., Ltd. | &nbsp;&nbsp;59022 | &nbsp;&nbsp;&nbsp;&nbsp;226050 |
| NetEase Cloud Music, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74254 |
| Orient Overseas International, Ltd. | &nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72558 |
| Power Assets Holdings, Ltd. | &nbsp;&nbsp;49582 | &nbsp;&nbsp;&nbsp;&nbsp;351448 |
| Prudential PLC | &nbsp;&nbsp;92854 | &nbsp;&nbsp;&nbsp;1428375 |
| Sino Biopharmaceutical, Ltd. | 346500 | &nbsp;&nbsp;&nbsp;&nbsp;275688 |
| Sino Land Company, Ltd. | 138789 | &nbsp;&nbsp;&nbsp;&nbsp;182625 |
| SITC International Holdings Company, Ltd. | &nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp;&nbsp;186076 |
| Sun Hung Kai Properties, Ltd. | &nbsp;&nbsp;51130 | &nbsp;&nbsp;&nbsp;&nbsp;622574 |
| Swire Pacific, Ltd., Class A | &nbsp;&nbsp;14663 | &nbsp;&nbsp;&nbsp;&nbsp;118204 |
| Techtronic Industries Company, Ltd. | &nbsp;&nbsp;51500 | &nbsp;&nbsp;&nbsp;&nbsp;592411 |
| The Wharf Holdings, Ltd. | &nbsp;&nbsp;37000 | &nbsp;&nbsp;&nbsp;&nbsp;103352 |
| Want Want China Holdings, Ltd. | 163000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97316 |
| WH Group, Ltd. (B) | 297343 | &nbsp;&nbsp;&nbsp;&nbsp;331244 |
| Wharf Real Estate Investment Company, Ltd. | &nbsp;&nbsp;62876 | &nbsp;&nbsp;&nbsp;&nbsp;198725 |
| Zijin Gold International Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;129228 |
|  |  | 19491293 |
| **Hungary - 0.1%** |  |  |
| MOL Hungarian Oil & Gas PLC | &nbsp;&nbsp;15526 | &nbsp;&nbsp;&nbsp;&nbsp;139139 |
| OTP Bank NYRT | &nbsp;&nbsp;&nbsp;8008 | &nbsp;&nbsp;&nbsp;&nbsp;858651 |
| Richter Gedeon NYRT | &nbsp;&nbsp;&nbsp;4794 | &nbsp;&nbsp;&nbsp;&nbsp;144922 |
|  |  | &nbsp;&nbsp;&nbsp;1142712 |
| **India - 4.6%** |  |  |
| ABB India, Ltd. | &nbsp;&nbsp;&nbsp;1809 | &nbsp;&nbsp;&nbsp;&nbsp;104090 |
| Adani Enterprises, Ltd. | &nbsp;&nbsp;&nbsp;5762 | &nbsp;&nbsp;&nbsp;&nbsp;143552 |
| Adani Enterprises, Ltd., Partly Paid Rights (A) | &nbsp;&nbsp;&nbsp;&nbsp;691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17221 |
| Adani Ports & Special Economic Zone, Ltd. | &nbsp;&nbsp;19257 | &nbsp;&nbsp;&nbsp;&nbsp;315217 |
| Adani Power, Ltd. (A) | 101525 | &nbsp;&nbsp;&nbsp;&nbsp;161287 |
| Alkem Laboratories, Ltd. | &nbsp;&nbsp;&nbsp;1469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89381 |
| Ambuja Cements, Ltd. | &nbsp;&nbsp;21958 | &nbsp;&nbsp;&nbsp;&nbsp;136122 |
| APL Apollo Tubes, Ltd. | &nbsp;&nbsp;&nbsp;6432 | &nbsp;&nbsp;&nbsp;&nbsp;137014 |
| Apollo Hospitals Enterprise, Ltd. | &nbsp;&nbsp;&nbsp;3469 | &nbsp;&nbsp;&nbsp;&nbsp;271899 |
| Ashok Leyland, Ltd. | &nbsp;&nbsp;99152 | &nbsp;&nbsp;&nbsp;&nbsp;197654 |
| Asian Paints, Ltd. | &nbsp;&nbsp;13278 | &nbsp;&nbsp;&nbsp;&nbsp;409747 |
| Astral, Ltd. | &nbsp;&nbsp;&nbsp;4648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72051 |
| AU Small Finance Bank, Ltd. (B) | &nbsp;&nbsp;12818 | &nbsp;&nbsp;&nbsp;&nbsp;142154 |
| Aurobindo Pharma, Ltd. | &nbsp;&nbsp;&nbsp;9153 | &nbsp;&nbsp;&nbsp;&nbsp;120926 |
| Avenue Supermarts, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;5630 | &nbsp;&nbsp;&nbsp;&nbsp;236669 |
| Axis Bank, Ltd. | &nbsp;&nbsp;81732 | &nbsp;&nbsp;&nbsp;1155093 |
| Bajaj Auto, Ltd. | &nbsp;&nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;&nbsp;248786 |
| Bajaj Finance, Ltd. | &nbsp;&nbsp;99470 | &nbsp;&nbsp;&nbsp;1093538 |
| Bajaj Finserv, Ltd. | &nbsp;&nbsp;13664 | &nbsp;&nbsp;&nbsp;&nbsp;310185 |
| Bajaj Holdings & Investment, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;114735 |
| Balkrishna Industries, Ltd. | &nbsp;&nbsp;&nbsp;2611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67092 |
| Bank of Baroda | &nbsp;&nbsp;35251 | &nbsp;&nbsp;&nbsp;&nbsp;116172 |
| Bharat Electronics, Ltd. | 130326 | &nbsp;&nbsp;&nbsp;&nbsp;579526 |
| Bharat Forge, Ltd. | &nbsp;&nbsp;&nbsp;8648 | &nbsp;&nbsp;&nbsp;&nbsp;141602 |
| Bharat Heavy Electricals, Ltd. | &nbsp;&nbsp;35988 | &nbsp;&nbsp;&nbsp;&nbsp;115430 |
| Bharat Petroleum Corp., Ltd. | &nbsp;&nbsp;51282 | &nbsp;&nbsp;&nbsp;&nbsp;219056 |
| Bharti Airtel, Ltd. | &nbsp;&nbsp;91497 | &nbsp;&nbsp;&nbsp;2148998 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **India (continued)** |  |  |
| Bosch, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;260 | $&nbsp;&nbsp;&nbsp;&nbsp;104453 |
| Britannia Industries, Ltd. | &nbsp;&nbsp;&nbsp;3751 | &nbsp;&nbsp;&nbsp;&nbsp;251514 |
| BSE, Ltd. | &nbsp;&nbsp;&nbsp;6984 | &nbsp;&nbsp;&nbsp;&nbsp;205211 |
| Canara Bank | &nbsp;&nbsp;63900 | &nbsp;&nbsp;&nbsp;&nbsp;110126 |
| CG Power & Industrial Solutions, Ltd. | &nbsp;&nbsp;25283 | &nbsp;&nbsp;&nbsp;&nbsp;182127 |
| Cholamandalam Investment and Finance Company, Ltd. | &nbsp;&nbsp;14529 | &nbsp;&nbsp;&nbsp;&nbsp;275242 |
| Cipla, Ltd. | &nbsp;&nbsp;19879 | &nbsp;&nbsp;&nbsp;&nbsp;333415 |
| Coal India, Ltd. | &nbsp;&nbsp;64781 | &nbsp;&nbsp;&nbsp;&nbsp;288089 |
| Colgate-Palmolive India, Ltd. | &nbsp;&nbsp;&nbsp;4685 | &nbsp;&nbsp;&nbsp;&nbsp;108347 |
| Coromandel International, Ltd. | &nbsp;&nbsp;&nbsp;4202 | &nbsp;&nbsp;&nbsp;&nbsp;106109 |
| Cummins India, Ltd. | &nbsp;&nbsp;&nbsp;4680 | &nbsp;&nbsp;&nbsp;&nbsp;230587 |
| Dabur India, Ltd. | &nbsp;&nbsp;21327 | &nbsp;&nbsp;&nbsp;&nbsp;119289 |
| Divi's Laboratories, Ltd. | &nbsp;&nbsp;&nbsp;4260 | &nbsp;&nbsp;&nbsp;&nbsp;303047 |
| Dixon Technologies India, Ltd. | &nbsp;&nbsp;&nbsp;1289 | &nbsp;&nbsp;&nbsp;&nbsp;173319 |
| DLF, Ltd. | &nbsp;&nbsp;25583 | &nbsp;&nbsp;&nbsp;&nbsp;196192 |
| Dr. Reddy's Laboratories, Ltd. | &nbsp;&nbsp;&nbsp;1570 | &nbsp;&nbsp;&nbsp;&nbsp;22230 |
| Dr. Reddy's Laboratories, Ltd., ADR | &nbsp;&nbsp;18540 | &nbsp;&nbsp;&nbsp;&nbsp;260302 |
| Eicher Motors, Ltd. | &nbsp;&nbsp;&nbsp;4712 | &nbsp;&nbsp;&nbsp;&nbsp;383648 |
| Eternal, Ltd. (A) | &nbsp;&nbsp;86090 | &nbsp;&nbsp;&nbsp;&nbsp;266791 |
| Fortis Healthcare, Ltd. | &nbsp;&nbsp;16292 | &nbsp;&nbsp;&nbsp;&nbsp;160371 |
| FSN E-Commerce Ventures, Ltd. (A) | &nbsp;&nbsp;40782 | &nbsp;&nbsp;&nbsp;&nbsp;120382 |
| GAIL India, Ltd. | &nbsp;&nbsp;&nbsp;3491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6689 |
| GAIL India, Ltd., GDR | &nbsp;&nbsp;12953 | &nbsp;&nbsp;&nbsp;&nbsp;144278 |
| GE Vernova T&D India, Ltd. | &nbsp;&nbsp;&nbsp;4196 | &nbsp;&nbsp;&nbsp;&nbsp;146118 |
| GMR Airports, Ltd. (A) | &nbsp;&nbsp;83177 | &nbsp;&nbsp;&nbsp;&nbsp;96567 |
| Godrej Consumer Products, Ltd. | &nbsp;&nbsp;14095 | &nbsp;&nbsp;&nbsp;&nbsp;192290 |
| Godrej Properties, Ltd. (A) | &nbsp;&nbsp;&nbsp;5627 | &nbsp;&nbsp;&nbsp;&nbsp;125636 |
| Grasim Industries, Ltd. | &nbsp;&nbsp;&nbsp;9706 | &nbsp;&nbsp;&nbsp;&nbsp;306088 |
| Havells India, Ltd. | &nbsp;&nbsp;&nbsp;8636 | &nbsp;&nbsp;&nbsp;&nbsp;136675 |
| HCL Technologies, Ltd. | &nbsp;&nbsp;33867 | &nbsp;&nbsp;&nbsp;&nbsp;610885 |
| HDFC Asset Management Company, Ltd. (B) | &nbsp;&nbsp;&nbsp;6620 | &nbsp;&nbsp;&nbsp;&nbsp;197119 |
| HDFC Bank, Ltd. | 403838 | 4468806 |
| HDFC Life Insurance Company, Ltd. (B) | &nbsp;&nbsp;33493 | &nbsp;&nbsp;&nbsp;&nbsp;279515 |
| Hero MotoCorp, Ltd. | &nbsp;&nbsp;&nbsp;4132 | &nbsp;&nbsp;&nbsp;&nbsp;265097 |
| Hindalco Industries, Ltd. | &nbsp;&nbsp;48079 | &nbsp;&nbsp;&nbsp;&nbsp;474130 |
| Hindustan Aeronautics, Ltd. | &nbsp;&nbsp;&nbsp;7067 | &nbsp;&nbsp;&nbsp;&nbsp;345213 |
| Hindustan Petroleum Corp., Ltd. | &nbsp;&nbsp;34143 | &nbsp;&nbsp;&nbsp;&nbsp;189959 |
| Hindustan Unilever, Ltd. | &nbsp;&nbsp;28966 | &nbsp;&nbsp;&nbsp;&nbsp;746815 |
| Hitachi Energy India, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;477 | &nbsp;&nbsp;&nbsp;&nbsp;96991 |
| Hyundai Motor India, Ltd. | &nbsp;&nbsp;&nbsp;5657 | &nbsp;&nbsp;&nbsp;&nbsp;144621 |
| ICICI Bank, Ltd. | 103117 | 1543423 |
| ICICI Bank, Ltd., ADR | &nbsp;&nbsp;42418 | 1264056 |
| ICICI Lombard General Insurance Company, Ltd. (B) | &nbsp;&nbsp;&nbsp;8129 | &nbsp;&nbsp;&nbsp;&nbsp;177638 |
| ICICI Prudential Life Insurance Company, Ltd. (B) | &nbsp;&nbsp;11948 | &nbsp;&nbsp;&nbsp;&nbsp;88792 |
| IDFC First Bank, Ltd. | 119836 | &nbsp;&nbsp;&nbsp;&nbsp;114063 |
| Indian Oil Corp., Ltd. | &nbsp;&nbsp;97345 | &nbsp;&nbsp;&nbsp;&nbsp;180335 |
| Indian Railway Catering & Tourism Corp., Ltd. | &nbsp;&nbsp;&nbsp;7983 | &nbsp;&nbsp;&nbsp;&nbsp;60922 |
| Indus Towers, Ltd. (A) | &nbsp;&nbsp;47036 | &nbsp;&nbsp;&nbsp;&nbsp;220542 |
| IndusInd Bank, Ltd. (A) | &nbsp;&nbsp;20069 | &nbsp;&nbsp;&nbsp;&nbsp;193365 |
| Info Edge India, Ltd. | &nbsp;&nbsp;12707 | &nbsp;&nbsp;&nbsp;&nbsp;188688 |
| Infosys, Ltd. | &nbsp;&nbsp;&nbsp;4209 | &nbsp;&nbsp;&nbsp;&nbsp;75917 |
| Infosys, Ltd., ADR (E) | 114159 | 2034313 |
| InterGlobe Aviation, Ltd. (B) | &nbsp;&nbsp;&nbsp;6756 | &nbsp;&nbsp;&nbsp;&nbsp;381113 |
| ITC, Ltd. | 107095 | &nbsp;&nbsp;&nbsp;&nbsp;480296 |
| Jindal Stainless, Ltd. | &nbsp;&nbsp;11602 | &nbsp;&nbsp;&nbsp;&nbsp;107643 |
| Jindal Steel, Ltd. | &nbsp;&nbsp;15135 | &nbsp;&nbsp;&nbsp;&nbsp;176799 |
| Jio Financial Services, Ltd. | 102813 | &nbsp;&nbsp;&nbsp;&nbsp;337730 |
| JSW Energy, Ltd. | &nbsp;&nbsp;15581 | &nbsp;&nbsp;&nbsp;&nbsp;83775 |
| JSW Steel, Ltd. | &nbsp;&nbsp;21158 | &nbsp;&nbsp;&nbsp;&nbsp;274693 |
| Jubilant Foodworks, Ltd. | &nbsp;&nbsp;13701 | &nbsp;&nbsp;&nbsp;&nbsp;85175 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 37 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **India (continued)** |  |  |
| Kalyan Jewellers India, Ltd. | &nbsp;&nbsp;14477 | $&nbsp;&nbsp;&nbsp;&nbsp;78199 |
| Kotak Mahindra Bank, Ltd. | &nbsp;&nbsp;38512 | &nbsp;&nbsp;&nbsp;&nbsp;945532 |
| Kwality Wall's India, Ltd. (A)(D) | &nbsp;&nbsp;28966 | &nbsp;&nbsp;&nbsp;&nbsp;12311 |
| Larsen & Toubro, Ltd. | &nbsp;&nbsp;24028 | 1091894 |
| Lodha Developers, Ltd. (B) | &nbsp;&nbsp;10508 | &nbsp;&nbsp;&nbsp;&nbsp;124204 |
| LTIMindtree, Ltd. (B) | &nbsp;&nbsp;&nbsp;2498 | &nbsp;&nbsp;&nbsp;&nbsp;168618 |
| Lupin, Ltd. | &nbsp;&nbsp;&nbsp;7879 | &nbsp;&nbsp;&nbsp;&nbsp;184940 |
| Mahindra & Mahindra, Ltd. | &nbsp;&nbsp;&nbsp;3736 | &nbsp;&nbsp;&nbsp;&nbsp;154576 |
| Mahindra & Mahindra, Ltd., GDR | &nbsp;&nbsp;29450 | 1221660 |
| Mankind Pharma, Ltd. | &nbsp;&nbsp;&nbsp;4645 | &nbsp;&nbsp;&nbsp;&nbsp;113395 |
| Marico, Ltd. | &nbsp;&nbsp;17795 | &nbsp;&nbsp;&nbsp;&nbsp;148559 |
| Maruti Suzuki India, Ltd. | &nbsp;&nbsp;&nbsp;4407 | &nbsp;&nbsp;&nbsp;&nbsp;819172 |
| Max Healthcare Institute, Ltd. | &nbsp;&nbsp;26906 | &nbsp;&nbsp;&nbsp;&nbsp;312955 |
| Mphasis, Ltd. | &nbsp;&nbsp;&nbsp;3967 | &nbsp;&nbsp;&nbsp;&nbsp;123026 |
| MRF, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;135819 |
| Muthoot Finance, Ltd. | &nbsp;&nbsp;&nbsp;4018 | &nbsp;&nbsp;&nbsp;&nbsp;170333 |
| Nestle India, Ltd. | &nbsp;&nbsp;23356 | &nbsp;&nbsp;&nbsp;&nbsp;334408 |
| NHPC, Ltd. | 106146 | &nbsp;&nbsp;&nbsp;&nbsp;93592 |
| NMDC, Ltd. | 106008 | &nbsp;&nbsp;&nbsp;&nbsp;97932 |
| NTPC, Ltd. | 153697 | &nbsp;&nbsp;&nbsp;&nbsp;564781 |
| Oberoi Realty, Ltd. | &nbsp;&nbsp;&nbsp;4466 | &nbsp;&nbsp;&nbsp;&nbsp;82973 |
| Oil & Natural Gas Corp., Ltd. | 110780 | &nbsp;&nbsp;&nbsp;&nbsp;296542 |
| Oil India, Ltd. | &nbsp;&nbsp;17099 | &nbsp;&nbsp;&nbsp;&nbsp;80903 |
| One 97 Communications, Ltd. (A) | &nbsp;&nbsp;12810 | &nbsp;&nbsp;&nbsp;&nbsp;185006 |
| Oracle Financial Services Software, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;65208 |
| Page Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;212 | &nbsp;&nbsp;&nbsp;&nbsp;85207 |
| PB Fintech, Ltd. (A) | &nbsp;&nbsp;12509 | &nbsp;&nbsp;&nbsp;&nbsp;255027 |
| Persistent Systems, Ltd. | &nbsp;&nbsp;&nbsp;3957 | &nbsp;&nbsp;&nbsp;&nbsp;275594 |
| Petronet LNG, Ltd. | &nbsp;&nbsp;25955 | &nbsp;&nbsp;&nbsp;&nbsp;82009 |
| PI Industries, Ltd. | &nbsp;&nbsp;&nbsp;2778 | &nbsp;&nbsp;&nbsp;&nbsp;100103 |
| Pidilite Industries, Ltd. | &nbsp;&nbsp;10508 | &nbsp;&nbsp;&nbsp;&nbsp;173321 |
| Polycab India, Ltd. | &nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;156712 |
| Power Finance Corp., Ltd. | &nbsp;&nbsp;51161 | &nbsp;&nbsp;&nbsp;&nbsp;202371 |
| Power Grid Corp. of India, Ltd. | 163799 | &nbsp;&nbsp;&nbsp;&nbsp;482273 |
| Prestige Estates Projects, Ltd. | &nbsp;&nbsp;&nbsp;6144 | &nbsp;&nbsp;&nbsp;&nbsp;109251 |
| Punjab National Bank | &nbsp;&nbsp;75867 | &nbsp;&nbsp;&nbsp;&nbsp;104463 |
| Rail Vikas Nigam, Ltd. | &nbsp;&nbsp;18264 | &nbsp;&nbsp;&nbsp;&nbsp;72633 |
| REC, Ltd. | &nbsp;&nbsp;45358 | &nbsp;&nbsp;&nbsp;&nbsp;180716 |
| Reliance Industries, Ltd. | &nbsp;&nbsp;47488 | &nbsp;&nbsp;&nbsp;&nbsp;830233 |
| Reliance Industries, Ltd., GDR (B) | &nbsp;&nbsp;42453 | 2972480 |
| Samvardhana Motherson International, Ltd. | 174754 | &nbsp;&nbsp;&nbsp;&nbsp;233549 |
| SBI Cards & Payment Services, Ltd. | &nbsp;&nbsp;&nbsp;9870 | &nbsp;&nbsp;&nbsp;&nbsp;94834 |
| SBI Life Insurance Company, Ltd. (B) | &nbsp;&nbsp;16080 | &nbsp;&nbsp;&nbsp;&nbsp;363877 |
| Shree Cement, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp;90432 |
| Shriram Finance, Ltd. | &nbsp;&nbsp;50288 | &nbsp;&nbsp;&nbsp;&nbsp;558414 |
| Siemens Energy India, Ltd. (A) | &nbsp;&nbsp;&nbsp;2842 | &nbsp;&nbsp;&nbsp;&nbsp;80774 |
| Siemens, Ltd. | &nbsp;&nbsp;&nbsp;3067 | &nbsp;&nbsp;&nbsp;&nbsp;105099 |
| Solar Industries India, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;130484 |
| SRF, Ltd. | &nbsp;&nbsp;&nbsp;4927 | &nbsp;&nbsp;&nbsp;&nbsp;168417 |
| State Bank of India | &nbsp;&nbsp;&nbsp;3731 | &nbsp;&nbsp;&nbsp;&nbsp;40822 |
| State Bank of India, GDR (E) | &nbsp;&nbsp;&nbsp;5914 | &nbsp;&nbsp;&nbsp;&nbsp;643161 |
| Sun Pharmaceutical Industries, Ltd. | &nbsp;&nbsp;34222 | &nbsp;&nbsp;&nbsp;&nbsp;655390 |
| Sundaram Finance, Ltd. | &nbsp;&nbsp;&nbsp;2348 | &nbsp;&nbsp;&nbsp;&nbsp;138561 |
| Supreme Industries, Ltd. | &nbsp;&nbsp;&nbsp;2145 | &nbsp;&nbsp;&nbsp;&nbsp;80406 |
| Suzlon Energy, Ltd. (A) | 335422 | &nbsp;&nbsp;&nbsp;&nbsp;196976 |
| Swiggy, Ltd. (A) | &nbsp;&nbsp;31144 | &nbsp;&nbsp;&nbsp;&nbsp;134049 |
| Tata Communications, Ltd. | &nbsp;&nbsp;&nbsp;3897 | &nbsp;&nbsp;&nbsp;&nbsp;78917 |
| Tata Consultancy Services, Ltd. | &nbsp;&nbsp;32254 | 1153775 |
| Tata Consumer Products, Ltd. | &nbsp;&nbsp;20545 | &nbsp;&nbsp;&nbsp;&nbsp;272033 |
| Tata Motors Passenger Vehicles, Ltd. | &nbsp;&nbsp;72198 | &nbsp;&nbsp;&nbsp;&nbsp;295508 |
| Tata Motors, Ltd. (A) | &nbsp;&nbsp;72198 | &nbsp;&nbsp;&nbsp;&nbsp;333802 |
| Tata Steel, Ltd. | &nbsp;&nbsp;26136 | &nbsp;&nbsp;&nbsp;&nbsp;52313 |
| Tata Steel, Ltd., GDR | &nbsp;&nbsp;23852 | &nbsp;&nbsp;&nbsp;&nbsp;469654 |
| Tech Mahindra, Ltd. | &nbsp;&nbsp;18580 | &nbsp;&nbsp;&nbsp;&nbsp;329122 |
| The Indian Hotels Company, Ltd. | &nbsp;&nbsp;30454 | &nbsp;&nbsp;&nbsp;&nbsp;250188 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **India (continued)** |  |  |
| The Phoenix Mills, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6924 | $&nbsp;&nbsp;&nbsp;&nbsp;142853 |
| The Tata Power Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;57820 | &nbsp;&nbsp;&nbsp;&nbsp;244303 |
| Titan Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;12663 | &nbsp;&nbsp;&nbsp;&nbsp;571157 |
| Torrent Pharmaceuticals, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4375 | &nbsp;&nbsp;&nbsp;&nbsp;187097 |
| Torrent Power, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86134 |
| Trent, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6465 | &nbsp;&nbsp;&nbsp;&nbsp;308105 |
| Tube Investments of India, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3625 | &nbsp;&nbsp;&nbsp;&nbsp;105376 |
| TVS Motor Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8184 | &nbsp;&nbsp;&nbsp;&nbsp;339149 |
| UltraTech Cement, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3177 | &nbsp;&nbsp;&nbsp;&nbsp;417156 |
| UltraTech Cement, Ltd., GDR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026 | &nbsp;&nbsp;&nbsp;&nbsp;134518 |
| Union Bank of India, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;51073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87495 |
| United Spirits, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;10125 | &nbsp;&nbsp;&nbsp;&nbsp;162820 |
| UPL, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;17111 | &nbsp;&nbsp;&nbsp;&nbsp;151124 |
| Varun Beverages, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;47086 | &nbsp;&nbsp;&nbsp;&nbsp;257135 |
| Vedanta, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;47644 | &nbsp;&nbsp;&nbsp;&nbsp;319505 |
| Vishal Mega Mart, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;74851 | &nbsp;&nbsp;&nbsp;&nbsp;113778 |
| Vodafone Idea, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;832452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98963 |
| Voltas, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7546 | &nbsp;&nbsp;&nbsp;&nbsp;114322 |
| WAAREE Energies, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3075 | &nbsp;&nbsp;&nbsp;&nbsp;101486 |
| Wipro, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6685 |
| Wipro, Ltd., ADR (E) | &nbsp;&nbsp;&nbsp;&nbsp;88126 | &nbsp;&nbsp;&nbsp;&nbsp;250278 |
| Yes Bank, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;506651 | &nbsp;&nbsp;&nbsp;&nbsp;121988 |
| Zydus Lifesciences, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89757 |
|  |  | 55159430 |
| **Indonesia - 0.4%** |  |  |
| Amman Mineral Internasional PT (A) | &nbsp;&nbsp;&nbsp;&nbsp;517500 | &nbsp;&nbsp;&nbsp;&nbsp;199237 |
| Astra International Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;721800 | &nbsp;&nbsp;&nbsp;&nbsp;289699 |
| Bank Central Asia Tbk PT | &nbsp;&nbsp;1978100 | &nbsp;&nbsp;&nbsp;&nbsp;955218 |
| Bank Mandiri Persero Tbk PT | &nbsp;&nbsp;1309248 | &nbsp;&nbsp;&nbsp;&nbsp;399233 |
| Bank Negara Indonesia Persero Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;553000 | &nbsp;&nbsp;&nbsp;&nbsp;144477 |
| Bank Rakyat Indonesia Persero Tbk PT | &nbsp;&nbsp;2431948 | &nbsp;&nbsp;&nbsp;&nbsp;532613 |
| Barito Pacific Tbk PT (A) | &nbsp;&nbsp;&nbsp;&nbsp;733695 | &nbsp;&nbsp;&nbsp;&nbsp;143456 |
| Barito Renewables Energy Tbk PT (A) | &nbsp;&nbsp;&nbsp;&nbsp;264400 | &nbsp;&nbsp;&nbsp;&nbsp;153715 |
| Bumi Resources Minerals Tbk PT (A) | &nbsp;&nbsp;1800700 | &nbsp;&nbsp;&nbsp;&nbsp;118684 |
| Chandra Asri Pacific Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;308500 | &nbsp;&nbsp;&nbsp;&nbsp;129209 |
| Charoen Pokphand Indonesia Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74546 |
| Dian Swastatika Sentosa Tbk PT (A) | &nbsp;&nbsp;&nbsp;&nbsp;34350 | &nbsp;&nbsp;&nbsp;&nbsp;207795 |
| GoTo Gojek Tokopedia Tbk PT (A) | 31738300 | &nbsp;&nbsp;&nbsp;&nbsp;121360 |
| Indofood Sukses Makmur Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;147500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59815 |
| Petrindo Jaya Kreasi Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;802300 | &nbsp;&nbsp;&nbsp;&nbsp;112249 |
| Sumber Alfaria Trijaya Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;655300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77466 |
| Telkom Indonesia Persero Tbk PT | &nbsp;&nbsp;1699700 | &nbsp;&nbsp;&nbsp;&nbsp;355637 |
| Telkom Indonesia Persero Tbk PT, ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7536 |
| United Tractors Tbk PT | &nbsp;&nbsp;&nbsp;&nbsp;55279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97734 |
|  |  | &nbsp;&nbsp;&nbsp;4179679 |
| **Ireland - 0.8%** |  |  |
| AerCap Holdings NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;891312 |
| AIB Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;74725 | &nbsp;&nbsp;&nbsp;&nbsp;798835 |
| Bank of Ireland Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;36548 | &nbsp;&nbsp;&nbsp;&nbsp;698991 |
| DCC PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3357 | &nbsp;&nbsp;&nbsp;&nbsp;209136 |
| Experian PLC | &nbsp;&nbsp;&nbsp;&nbsp;32652 | &nbsp;&nbsp;&nbsp;1472160 |
| Kerry Group PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49712 |
| Kerry Group PLC, Class A (London Stock Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5260 | &nbsp;&nbsp;&nbsp;&nbsp;456855 |
| Kingspan Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19474 |
| Kingspan Group PLC (London Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5232 | &nbsp;&nbsp;&nbsp;&nbsp;451390 |
| PDD Holdings, Inc., ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;25300 | &nbsp;&nbsp;&nbsp;2868767 |
| Ryanair Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;30317 | &nbsp;&nbsp;&nbsp;1045255 |
|  |  | &nbsp;&nbsp;&nbsp;8961887 |
| **Israel - 0.7%** |  |  |
| Azrieli Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1424 | &nbsp;&nbsp;&nbsp;&nbsp;161448 |
| Bank Hapoalim BM | &nbsp;&nbsp;&nbsp;&nbsp;44745 | &nbsp;&nbsp;&nbsp;1012000 |
| Bank Leumi Le-Israel BM | &nbsp;&nbsp;&nbsp;&nbsp;52174 | &nbsp;&nbsp;&nbsp;1149795 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 38 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Israel (continued)** |  |  |
| Check Point Software Technologies, Ltd. (A) | &nbsp;&nbsp;&nbsp;3116 | $&nbsp;&nbsp;&nbsp;&nbsp;578205 |
| CyberArk Software, Ltd. (A) | &nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;758302 |
| Elbit Systems, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;969 | &nbsp;&nbsp;&nbsp;&nbsp;556328 |
| ICL Group, Ltd. | &nbsp;&nbsp;27153 | &nbsp;&nbsp;&nbsp;&nbsp;156139 |
| Israel Discount Bank, Ltd., Class A | &nbsp;&nbsp;44642 | &nbsp;&nbsp;&nbsp;&nbsp;474077 |
| Mizrahi Tefahot Bank, Ltd. | &nbsp;&nbsp;&nbsp;5543 | &nbsp;&nbsp;&nbsp;&nbsp;387274 |
| Monday.com, Ltd. (A) | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;206584 |
| Nice, Ltd. (A) | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;248681 |
| Nova, Ltd. (A) | &nbsp;&nbsp;&nbsp;1046 | &nbsp;&nbsp;&nbsp;&nbsp;349670 |
| Teva Pharmaceutical Industries, Ltd. (A) | &nbsp;&nbsp;30507 | &nbsp;&nbsp;&nbsp;&nbsp;961648 |
| Teva Pharmaceutical Industries, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;&nbsp;271527 |
| The Phoenix Holdings, Ltd. | &nbsp;&nbsp;&nbsp;8063 | &nbsp;&nbsp;&nbsp;&nbsp;333478 |
| Wix.com, Ltd. (A) | &nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;197391 |
|  |  | &nbsp;&nbsp;&nbsp;7802547 |
| **Italy - 1.9%** |  |  |
| Banca Mediolanum SpA | &nbsp;&nbsp;&nbsp;7974 | &nbsp;&nbsp;&nbsp;&nbsp;181062 |
| Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;68785 | &nbsp;&nbsp;&nbsp;&nbsp;732366 |
| Banco BPM SpA | &nbsp;&nbsp;39464 | &nbsp;&nbsp;&nbsp;&nbsp;599257 |
| BPER Banca SpA | &nbsp;&nbsp;52183 | &nbsp;&nbsp;&nbsp;&nbsp;705121 |
| Buzzi SpA | &nbsp;&nbsp;&nbsp;2536 | &nbsp;&nbsp;&nbsp;&nbsp;153304 |
| Davide Campari-Milano NV | &nbsp;&nbsp;21368 | &nbsp;&nbsp;&nbsp;&nbsp;138043 |
| Enel SpA | 290019 | &nbsp;&nbsp;&nbsp;3015421 |
| Eni SpA | &nbsp;&nbsp;72987 | &nbsp;&nbsp;&nbsp;1383549 |
| Ferrari NV | &nbsp;&nbsp;&nbsp;4495 | &nbsp;&nbsp;&nbsp;1670403 |
| FinecoBank SpA | &nbsp;&nbsp;22046 | &nbsp;&nbsp;&nbsp;&nbsp;571201 |
| Generali | &nbsp;&nbsp;30416 | &nbsp;&nbsp;&nbsp;1271035 |
| Infrastrutture Wireless Italiane SpA (B) | &nbsp;&nbsp;11205 | &nbsp;&nbsp;&nbsp;&nbsp;103693 |
| Intesa Sanpaolo SpA | 508240 | &nbsp;&nbsp;&nbsp;3511987 |
| Leonardo SpA | &nbsp;&nbsp;14406 | &nbsp;&nbsp;&nbsp;&nbsp;824030 |
| Moncler SpA | &nbsp;&nbsp;&nbsp;8302 | &nbsp;&nbsp;&nbsp;&nbsp;530665 |
| Nexi SpA (B) | &nbsp;&nbsp;20345 | &nbsp;&nbsp;&nbsp;&nbsp;100278 |
| Poste Italiane SpA (B) | &nbsp;&nbsp;16613 | &nbsp;&nbsp;&nbsp;&nbsp;417050 |
| Prysmian SpA | &nbsp;&nbsp;10020 | &nbsp;&nbsp;&nbsp;&nbsp;999567 |
| Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;&nbsp;4175 | &nbsp;&nbsp;&nbsp;&nbsp;237009 |
| Snam SpA | &nbsp;&nbsp;70720 | &nbsp;&nbsp;&nbsp;&nbsp;469925 |
| Telecom Italia SpA (A) | 387741 | &nbsp;&nbsp;&nbsp;&nbsp;232936 |
| Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;49344 | &nbsp;&nbsp;&nbsp;&nbsp;524955 |
| UniCredit SpA | &nbsp;&nbsp;49989 | &nbsp;&nbsp;&nbsp;4140419 |
| Unipol Assicurazioni SpA | &nbsp;&nbsp;13849 | &nbsp;&nbsp;&nbsp;&nbsp;332260 |
|  |  | 22845536 |
| **Japan - 13.4%** |  |  |
| Advantest Corp. | &nbsp;&nbsp;27200 | &nbsp;&nbsp;&nbsp;3439381 |
| Aeon Company, Ltd. | &nbsp;&nbsp;79500 | &nbsp;&nbsp;&nbsp;1255870 |
| AGC, Inc. | &nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;242095 |
| Aisin Corp. | &nbsp;&nbsp;19100 | &nbsp;&nbsp;&nbsp;&nbsp;357862 |
| Ajinomoto Company, Inc. | &nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;697620 |
| ANA Holdings, Inc. | &nbsp;&nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;&nbsp;100656 |
| Asahi Group Holdings, Ltd. | &nbsp;&nbsp;51700 | &nbsp;&nbsp;&nbsp;&nbsp;541909 |
| Asahi Kasei Corp. | &nbsp;&nbsp;42800 | &nbsp;&nbsp;&nbsp;&nbsp;380438 |
| Asics Corp. | &nbsp;&nbsp;24900 | &nbsp;&nbsp;&nbsp;&nbsp;597761 |
| Astellas Pharma, Inc. | &nbsp;&nbsp;63300 | &nbsp;&nbsp;&nbsp;&nbsp;842492 |
| Bandai Namco Holdings, Inc. | &nbsp;&nbsp;20997 | &nbsp;&nbsp;&nbsp;&nbsp;558858 |
| Bridgestone Corp. | &nbsp;&nbsp;40200 | &nbsp;&nbsp;&nbsp;&nbsp;904471 |
| Canon, Inc. | &nbsp;&nbsp;30300 | &nbsp;&nbsp;&nbsp;&nbsp;896534 |
| Capcom Company, Ltd. | &nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;278748 |
| Central Japan Railway Company | &nbsp;&nbsp;27200 | &nbsp;&nbsp;&nbsp;&nbsp;753440 |
| Chubu Electric Power Company, Inc. | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;338943 |
| Chugai Pharmaceutical Company, Ltd. | &nbsp;&nbsp;23800 | &nbsp;&nbsp;&nbsp;1248585 |
| Dai Nippon Printing Company, Ltd. | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;240996 |
| Daifuku Company, Ltd. | &nbsp;&nbsp;11700 | &nbsp;&nbsp;&nbsp;&nbsp;368265 |
| Dai-ichi Life Holdings, Inc. | 128700 | &nbsp;&nbsp;&nbsp;1069569 |
| Daiichi Sankyo Company, Ltd. | &nbsp;&nbsp;62000 | &nbsp;&nbsp;&nbsp;1316541 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Daikin Industries, Ltd. | &nbsp;&nbsp;&nbsp;9400 | $1202183 |
| Daito Trust Construction Company, Ltd. | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;190420 |
| Daiwa House Industry Company, Ltd. | &nbsp;&nbsp;20800 | &nbsp;&nbsp;&nbsp;&nbsp;690951 |
| Daiwa Securities Group, Inc. | &nbsp;&nbsp;47000 | &nbsp;&nbsp;&nbsp;&nbsp;411898 |
| Denso Corp. | &nbsp;&nbsp;61000 | &nbsp;&nbsp;&nbsp;&nbsp;842539 |
| Disco Corp. | &nbsp;&nbsp;&nbsp;3300 | 1005385 |
| East Japan Railway Company | &nbsp;&nbsp;34400 | &nbsp;&nbsp;&nbsp;&nbsp;906677 |
| Ebara Corp. | &nbsp;&nbsp;15900 | &nbsp;&nbsp;&nbsp;&nbsp;374759 |
| Eisai Company, Ltd. | &nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;285032 |
| ENEOS Holdings, Inc. | &nbsp;&nbsp;98411 | &nbsp;&nbsp;&nbsp;&nbsp;696268 |
| FANUC Corp. | &nbsp;&nbsp;33400 | 1299785 |
| Fast Retailing Company, Ltd. | &nbsp;&nbsp;&nbsp;6800 | 2465600 |
| Fuji Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;348841 |
| FUJIFILM Holdings Corp. | &nbsp;&nbsp;39900 | &nbsp;&nbsp;&nbsp;&nbsp;846615 |
| Fujikura, Ltd. | &nbsp;&nbsp;&nbsp;8800 | &nbsp;&nbsp;&nbsp;&nbsp;975880 |
| Fujitsu, Ltd. | &nbsp;&nbsp;62600 | 1720430 |
| Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;211266 |
| Hikari Tsushin, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;168119 |
| Hitachi, Ltd. | 161900 | 5077437 |
| Honda Motor Company, Ltd. | 129700 | 1272963 |
| Hoya Corp. | &nbsp;&nbsp;12300 | 1865536 |
| Hulic Company, Ltd. | &nbsp;&nbsp;15600 | &nbsp;&nbsp;&nbsp;&nbsp;170682 |
| Idemitsu Kosan Company, Ltd. | &nbsp;&nbsp;30730 | &nbsp;&nbsp;&nbsp;&nbsp;232665 |
| IHI Corp. | &nbsp;&nbsp;36400 | &nbsp;&nbsp;&nbsp;&nbsp;639933 |
| Inpex Corp. | &nbsp;&nbsp;30900 | &nbsp;&nbsp;&nbsp;&nbsp;618016 |
| Isuzu Motors, Ltd. | &nbsp;&nbsp;19800 | &nbsp;&nbsp;&nbsp;&nbsp;309021 |
| ITOCHU Corp. | 212000 | 2679004 |
| Japan Airlines Company, Ltd. | &nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;87165 |
| Japan Exchange Group, Inc. | &nbsp;&nbsp;35900 | &nbsp;&nbsp;&nbsp;&nbsp;383181 |
| Japan Post Bank Company, Ltd. | &nbsp;&nbsp;64300 | &nbsp;&nbsp;&nbsp;&nbsp;905156 |
| Japan Post Holdings Company, Ltd. | &nbsp;&nbsp;61900 | &nbsp;&nbsp;&nbsp;&nbsp;653132 |
| Japan Post Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;192471 |
| Japan Tobacco, Inc. | &nbsp;&nbsp;42500 | 1527547 |
| JFE Holdings, Inc. | &nbsp;&nbsp;19800 | &nbsp;&nbsp;&nbsp;&nbsp;252428 |
| JX Advanced Metals Corp. | &nbsp;&nbsp;18700 | &nbsp;&nbsp;&nbsp;&nbsp;233770 |
| Kajima Corp. | &nbsp;&nbsp;15100 | &nbsp;&nbsp;&nbsp;&nbsp;563041 |
| Kao Corp. | &nbsp;&nbsp;16600 | &nbsp;&nbsp;&nbsp;&nbsp;662532 |
| Kawasaki Heavy Industries, Ltd. | &nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;358109 |
| Kawasaki Kisen Kaisha, Ltd. | &nbsp;&nbsp;14100 | &nbsp;&nbsp;&nbsp;&nbsp;196275 |
| KDDI Corp. | 103100 | 1784424 |
| Keyence Corp. | &nbsp;&nbsp;&nbsp;6896 | 2494454 |
| Kikkoman Corp. | &nbsp;&nbsp;23100 | &nbsp;&nbsp;&nbsp;&nbsp;209762 |
| Kioxia Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;306153 |
| Kirin Holdings Company, Ltd. | &nbsp;&nbsp;27200 | &nbsp;&nbsp;&nbsp;&nbsp;407157 |
| Kobe Bussan Company, Ltd. | &nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;132389 |
| Komatsu, Ltd. | &nbsp;&nbsp;33900 | 1075730 |
| Konami Group Corp. | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;488906 |
| Kubota Corp. | &nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;495974 |
| Kyocera Corp. | &nbsp;&nbsp;45000 | &nbsp;&nbsp;&nbsp;&nbsp;630842 |
| Kyowa Kirin Company, Ltd. | &nbsp;&nbsp;&nbsp;9473 | &nbsp;&nbsp;&nbsp;&nbsp;152465 |
| Lasertec Corp. | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;533519 |
| LY Corp. | &nbsp;&nbsp;99300 | &nbsp;&nbsp;&nbsp;&nbsp;264232 |
| M3, Inc. | &nbsp;&nbsp;16200 | &nbsp;&nbsp;&nbsp;&nbsp;217936 |
| Makita Corp. | &nbsp;&nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;&nbsp;263688 |
| Marubeni Corp. | &nbsp;&nbsp;50200 | 1398069 |
| MatsukiyoCocokara & Company | &nbsp;&nbsp;11700 | &nbsp;&nbsp;&nbsp;&nbsp;202486 |
| MINEBEA MITSUMI, Inc. | &nbsp;&nbsp;12500 | &nbsp;&nbsp;&nbsp;&nbsp;251520 |
| Mitsubishi Chemical Group Corp. | &nbsp;&nbsp;46900 | &nbsp;&nbsp;&nbsp;&nbsp;274535 |
| Mitsubishi Corp. | 114800 | 2625783 |
| Mitsubishi Electric Corp. | &nbsp;&nbsp;67400 | 1965171 |
| Mitsubishi Estate Company, Ltd. | &nbsp;&nbsp;37900 | &nbsp;&nbsp;&nbsp;&nbsp;920785 |
| Mitsubishi HC Capital, Inc. | &nbsp;&nbsp;32100 | &nbsp;&nbsp;&nbsp;&nbsp;268524 |
| Mitsubishi Heavy Industries, Ltd. | 114300 | 2790342 |
| Mitsubishi UFJ Financial Group, Inc. | 405100 | 6429371 |
| Mitsui & Company, Ltd. | &nbsp;&nbsp;87000 | 2583667 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 39 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Mitsui Fudosan Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;94100 | $1069378 |
| Mitsui OSK Lines, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;360773 |
| Mizuho Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87810 | 3204587 |
| MonotaRO Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;143309 |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45900 | 1077595 |
| Murata Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;59500 | 1229743 |
| NEC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46200 | 1563199 |
| Nexon Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;278462 |
| Nidec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;29200 | &nbsp;&nbsp;&nbsp;&nbsp;396478 |
| Nintendo Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;39400 | 2660072 |
| Nippon Building Fund, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;255201 |
| Nippon Paint Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;33800 | &nbsp;&nbsp;&nbsp;&nbsp;226316 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;194181 |
| Nippon Steel Corp. | &nbsp;&nbsp;173000 | &nbsp;&nbsp;&nbsp;&nbsp;707925 |
| Nippon Yusen KK | &nbsp;&nbsp;&nbsp;&nbsp;15400 | &nbsp;&nbsp;&nbsp;&nbsp;498830 |
| Nissan Motor Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;75800 | &nbsp;&nbsp;&nbsp;&nbsp;188358 |
| Nitori Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;244358 |
| Nitto Denko Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;595243 |
| Nomura Holdings, Inc. | &nbsp;&nbsp;105900 | &nbsp;&nbsp;&nbsp;&nbsp;882197 |
| Nomura Research Institute, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;13346 | &nbsp;&nbsp;&nbsp;&nbsp;507877 |
| NTT, Inc. | 1065500 | 1075612 |
| Obayashi Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22500 | &nbsp;&nbsp;&nbsp;&nbsp;470878 |
| Obic Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;11700 | &nbsp;&nbsp;&nbsp;&nbsp;367247 |
| Olympus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40500 | &nbsp;&nbsp;&nbsp;&nbsp;513510 |
| Oracle Corp. Japan | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;126074 |
| Oriental Land Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;38300 | &nbsp;&nbsp;&nbsp;&nbsp;708549 |
| ORIX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41100 | 1202063 |
| Osaka Gas Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;13200 | &nbsp;&nbsp;&nbsp;&nbsp;458659 |
| Otsuka Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp;&nbsp;156602 |
| Otsuka Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;15600 | &nbsp;&nbsp;&nbsp;&nbsp;882324 |
| Pan Pacific International Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;67000 | &nbsp;&nbsp;&nbsp;&nbsp;399112 |
| Panasonic Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82100 | 1064347 |
| Rakuten Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;52800 | &nbsp;&nbsp;&nbsp;&nbsp;338341 |
| Recruit Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;49600 | 2787101 |
| Renesas Electronics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;821811 |
| Resona Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73400 | &nbsp;&nbsp;&nbsp;&nbsp;698600 |
| Ryohin Keikaku Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;317834 |
| Sanrio Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;200257 |
| SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19026 | &nbsp;&nbsp;&nbsp;&nbsp;410010 |
| SCREEN Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;272732 |
| Secom Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14800 | &nbsp;&nbsp;&nbsp;&nbsp;525906 |
| Seibu Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;195084 |
| Sekisui Chemical Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;&nbsp;225351 |
| Sekisui House, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;21400 | &nbsp;&nbsp;&nbsp;&nbsp;477503 |
| Seven & i Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;72900 | 1047355 |
| SG Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;12400 | &nbsp;&nbsp;&nbsp;&nbsp;113431 |
| Shimadzu Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;212973 |
| Shimano, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;282342 |
| Shin-Etsu Chemical Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;60200 | 1869881 |
| Shionogi & Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;26400 | &nbsp;&nbsp;&nbsp;&nbsp;477835 |
| Shiseido Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;203741 |
| SMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;692002 |
| SoftBank Corp. | 1020800 | 1401515 |
| SoftBank Group Corp. | &nbsp;&nbsp;136400 | 3826472 |
| Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31600 | 1072573 |
| Sony Financial Group, Inc. (A) | &nbsp;&nbsp;219300 | &nbsp;&nbsp;&nbsp;&nbsp;233654 |
| Sony Group Corp. | &nbsp;&nbsp;217300 | 5573956 |
| Subaru Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20800 | &nbsp;&nbsp;&nbsp;&nbsp;447849 |
| Sumitomo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38900 | 1346425 |
| Sumitomo Electric Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;25800 | 1039153 |
| Sumitomo Metal Mining Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9200 | &nbsp;&nbsp;&nbsp;&nbsp;368401 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp;129300 | 4158471 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23100 | &nbsp;&nbsp;&nbsp;&nbsp;703969 |
| Sumitomo Realty & Development Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;552331 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Suntory Beverage & Food, Ltd. | &nbsp;&nbsp;&nbsp;5000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150368 |
| Suzuki Motor Corp. | &nbsp;&nbsp;55100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824046 |
| Sysmex Corp. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176763 |
| T&D Holdings, Inc. | &nbsp;&nbsp;16900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390105 |
| Taisei Corp. | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473854 |
| Takeda Pharmaceutical Company, Ltd. | &nbsp;&nbsp;56776 | &nbsp;&nbsp;&nbsp;&nbsp;1763760 |
| TDK Corp. | &nbsp;&nbsp;69300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980439 |
| Terumo Corp. | &nbsp;&nbsp;47000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683153 |
| The Chiba Bank, Ltd. | &nbsp;&nbsp;21600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241063 |
| The Kansai Electric Power Company, Inc. | &nbsp;&nbsp;32900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516684 |
| TIS, Inc. | &nbsp;&nbsp;&nbsp;7800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262045 |
| Toho Company, Ltd. | &nbsp;&nbsp;&nbsp;4067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207330 |
| Tokio Marine Holdings, Inc. | &nbsp;&nbsp;65500 | &nbsp;&nbsp;&nbsp;&nbsp;2421279 |
| Tokyo Electron, Ltd. | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;3563636 |
| Tokyo Gas Company, Ltd. | &nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432125 |
| Tokyo Metro Company, Ltd. | &nbsp;&nbsp;10100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102679 |
| Tokyu Corp. | &nbsp;&nbsp;17900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209189 |
| TOPPAN Holdings, Inc. | &nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246731 |
| Toray Industries, Inc. | &nbsp;&nbsp;50800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331205 |
| Toyota Industries Corp. | &nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657526 |
| Toyota Motor Corp. | 335000 | &nbsp;&nbsp;&nbsp;&nbsp;7194826 |
| Toyota Tsusho Corp. | &nbsp;&nbsp;24600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829492 |
| Trend Micro, Inc. | &nbsp;&nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191048 |
| Unicharm Corp. | &nbsp;&nbsp;40500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231381 |
| West Japan Railway Company | &nbsp;&nbsp;16200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322787 |
| Yamaha Motor Company, Ltd. (E) | &nbsp;&nbsp;31500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233613 |
| Yokogawa Electric Corp. | &nbsp;&nbsp;&nbsp;7886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252908 |
| Yokohama Financial Group, Inc. | &nbsp;&nbsp;39100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323240 |
| Zensho Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194832 |
| ZOZO, Inc. | &nbsp;&nbsp;14400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118754 |
|  |  | 160252409 |
| **Luxembourg - 0.1%** |  |  |
| ArcelorMittal SA | &nbsp;&nbsp;16521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758635 |
| CVC Capital Partners PLC (B) | &nbsp;&nbsp;&nbsp;7461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124953 |
| Eurofins Scientific SE | &nbsp;&nbsp;&nbsp;4023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294195 |
| Reinet Investments SCA | &nbsp;&nbsp;&nbsp;5229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182925 |
| Tenaris SA | &nbsp;&nbsp;12716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245366 |
| Zabka Group SA (A) | &nbsp;&nbsp;10443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66437 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1672511 |
| **Macau - 0.0%** |  |  |
| Sands China, Ltd. | &nbsp;&nbsp;82400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207848 |
| **Malaysia - 0.4%** |  |  |
| AMMB Holdings BHD | &nbsp;&nbsp;80487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128870 |
| Axiata Group BHD | 101690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63135 |
| CELCOMDIGI BHD | 124000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97462 |
| CIMB Group Holdings BHD | 280228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569063 |
| Gamuda BHD | 168617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206499 |
| Hong Leong Bank BHD | &nbsp;&nbsp;23269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126910 |
| IHH Healthcare BHD | &nbsp;&nbsp;75900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163695 |
| IOI Corp. BHD | &nbsp;&nbsp;81966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80814 |
| Kuala Lumpur Kepong BHD | &nbsp;&nbsp;18132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89321 |
| Malayan Banking BHD | 215514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556432 |
| Maxis BHD | &nbsp;&nbsp;82800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77278 |
| MISC BHD | &nbsp;&nbsp;45780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87973 |
| Mr. D.I.Y Group M BHD (B) | 115950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43654 |
| Nestle Malaysia BHD | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78639 |
| Petronas Chemicals Group BHD | &nbsp;&nbsp;99800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89112 |
| Petronas Dagangan BHD | &nbsp;&nbsp;12200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59974 |
| Petronas Gas BHD | &nbsp;&nbsp;27300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122077 |
| Press Metal Aluminium Holdings BHD | 130600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229051 |
| Public Bank BHD | 510590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570885 |
| QL Resources BHD | &nbsp;&nbsp;52700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49209 |
| RHB Bank BHD | &nbsp;&nbsp;62165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118076 |
| SD Guthrie BHD | &nbsp;&nbsp;70286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99248 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 40 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Malaysia (continued)** |  |  |
| Sunway BHD | &nbsp;&nbsp;81100 | $&nbsp;&nbsp;&nbsp;&nbsp;112330 |
| Telekom Malaysia BHD | &nbsp;&nbsp;43415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86072 |
| Tenaga Nasional BHD | 101250 | &nbsp;&nbsp;&nbsp;&nbsp;342030 |
| YTL Corp. BHD | 113900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57154 |
| YTL Power International BHD | &nbsp;&nbsp;84300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68657 |
|  |  | &nbsp;&nbsp;&nbsp;4373620 |
| **Mexico - 0.6%** |  |  |
| America Movil SAB de CV, Series B | 657032 | &nbsp;&nbsp;&nbsp;&nbsp;678285 |
| Arca Continental SAB de CV | &nbsp;&nbsp;17800 | &nbsp;&nbsp;&nbsp;&nbsp;192259 |
| Cemex SAB de CV, Series CPO | 540349 | &nbsp;&nbsp;&nbsp;&nbsp;620542 |
| Coca-Cola Femsa SAB de CV | &nbsp;&nbsp;18112 | &nbsp;&nbsp;&nbsp;&nbsp;172012 |
| Fibra Uno Administracion SA de CV | 101500 | &nbsp;&nbsp;&nbsp;&nbsp;152525 |
| Fomento Economico Mexicano SAB de CV | &nbsp;&nbsp;61420 | &nbsp;&nbsp;&nbsp;&nbsp;620868 |
| Fresnillo PLC | &nbsp;&nbsp;&nbsp;7889 | &nbsp;&nbsp;&nbsp;&nbsp;351773 |
| Gruma SAB de CV, Class B | &nbsp;&nbsp;&nbsp;6020 | &nbsp;&nbsp;&nbsp;&nbsp;103481 |
| Grupo Aeroportuario del Centro Norte SAB de CV | &nbsp;&nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;133018 |
| Grupo Aeroportuario del Pacifico SAB de CV, B Shares | &nbsp;&nbsp;14200 | &nbsp;&nbsp;&nbsp;&nbsp;371428 |
| Grupo Aeroportuario del Sureste SAB de CV, B Shares | &nbsp;&nbsp;&nbsp;6560 | &nbsp;&nbsp;&nbsp;&nbsp;211625 |
| Grupo Bimbo SAB de CV, Series A | &nbsp;&nbsp;44984 | &nbsp;&nbsp;&nbsp;&nbsp;147386 |
| Grupo Carso SAB de CV, Series A1 | &nbsp;&nbsp;19322 | &nbsp;&nbsp;&nbsp;&nbsp;126957 |
| Grupo Comercial Chedraui SA de CV | &nbsp;&nbsp;10100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69145 |
| Grupo Financiero Banorte SAB de CV, Series O | &nbsp;&nbsp;91362 | &nbsp;&nbsp;&nbsp;&nbsp;846472 |
| Grupo Financiero Inbursa SAB de CV, Series O | &nbsp;&nbsp;63138 | &nbsp;&nbsp;&nbsp;&nbsp;152239 |
| Grupo Mexico SAB de CV, Series B | 109666 | &nbsp;&nbsp;&nbsp;1036521 |
| Industrias Penoles SAB de CV (A) | &nbsp;&nbsp;&nbsp;6883 | &nbsp;&nbsp;&nbsp;&nbsp;361582 |
| Kimberly-Clark de Mexico SAB de CV, Class A | &nbsp;&nbsp;52378 | &nbsp;&nbsp;&nbsp;&nbsp;111722 |
| Prologis Property Mexico SA de CV | &nbsp;&nbsp;39901 | &nbsp;&nbsp;&nbsp;&nbsp;166673 |
| Promotora y Operadora de Infraestructura SAB de CV | &nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86072 |
| Sigma Foods SAB de CV | 113043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98871 |
| Wal-Mart de Mexico SAB de CV | 186588 | &nbsp;&nbsp;&nbsp;&nbsp;580358 |
|  |  | &nbsp;&nbsp;&nbsp;7391814 |
| **Netherlands - 3.2%** |  |  |
| ABN AMRO Bank NV (B) | &nbsp;&nbsp;20808 | &nbsp;&nbsp;&nbsp;&nbsp;727007 |
| Adyen NV (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;1448090 |
| Aegon, Ltd. | &nbsp;&nbsp;46032 | &nbsp;&nbsp;&nbsp;&nbsp;357958 |
| Akzo Nobel NV | &nbsp;&nbsp;&nbsp;6168 | &nbsp;&nbsp;&nbsp;&nbsp;429172 |
| Argenx SE (A) | &nbsp;&nbsp;&nbsp;2177 | &nbsp;&nbsp;&nbsp;1836392 |
| ASM International NV | &nbsp;&nbsp;&nbsp;1671 | &nbsp;&nbsp;&nbsp;1011613 |
| ASML Holding NV | &nbsp;&nbsp;13731 | 14795412 |
| ASR Nederland NV | &nbsp;&nbsp;&nbsp;5748 | &nbsp;&nbsp;&nbsp;&nbsp;408974 |
| BE Semiconductor Industries NV | &nbsp;&nbsp;&nbsp;2509 | &nbsp;&nbsp;&nbsp;&nbsp;392246 |
| Euronext NV (B) | &nbsp;&nbsp;&nbsp;2829 | &nbsp;&nbsp;&nbsp;&nbsp;424966 |
| EXOR NV | &nbsp;&nbsp;&nbsp;3503 | &nbsp;&nbsp;&nbsp;&nbsp;297559 |
| Ferrovial SE | &nbsp;&nbsp;18368 | &nbsp;&nbsp;&nbsp;1190073 |
| Heineken Holding NV | &nbsp;&nbsp;&nbsp;4565 | &nbsp;&nbsp;&nbsp;&nbsp;334280 |
| Heineken NV | &nbsp;&nbsp;10270 | &nbsp;&nbsp;&nbsp;&nbsp;847345 |
| IMCD NV | &nbsp;&nbsp;&nbsp;2151 | &nbsp;&nbsp;&nbsp;&nbsp;195230 |
| ING Groep NV | 107820 | &nbsp;&nbsp;&nbsp;3030626 |
| JDE Peet's NV | &nbsp;&nbsp;&nbsp;6358 | &nbsp;&nbsp;&nbsp;&nbsp;237775 |
| Koninklijke Ahold Delhaize NV | &nbsp;&nbsp;31479 | &nbsp;&nbsp;&nbsp;1290854 |
| Koninklijke KPN NV | 139041 | &nbsp;&nbsp;&nbsp;&nbsp;649698 |
| Koninklijke Philips NV | &nbsp;&nbsp;27488 | &nbsp;&nbsp;&nbsp;&nbsp;748475 |
| Nebius Group NV, Class A (A) | &nbsp;&nbsp;&nbsp;7400 | &nbsp;&nbsp;&nbsp;&nbsp;619417 |
| NEPI Rockcastle NV (A) | &nbsp;&nbsp;22555 | &nbsp;&nbsp;&nbsp;&nbsp;199300 |
| NN Group NV | &nbsp;&nbsp;&nbsp;9653 | &nbsp;&nbsp;&nbsp;&nbsp;744676 |
| Prosus NV (A) | &nbsp;&nbsp;46689 | &nbsp;&nbsp;&nbsp;2890931 |
| QIAGEN NV | &nbsp;&nbsp;&nbsp;7706 | &nbsp;&nbsp;&nbsp;&nbsp;350445 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Netherlands (continued)** |  |  |
| Randstad NV | &nbsp;&nbsp;&nbsp;3735 | $&nbsp;&nbsp;&nbsp;&nbsp;141799 |
| Stellantis NV | &nbsp;&nbsp;72296 | &nbsp;&nbsp;&nbsp;&nbsp;414735 |
| Stellantis NV (Euronext Paris Exchange) | &nbsp;&nbsp;34423 | &nbsp;&nbsp;&nbsp;&nbsp;377601 |
| The Magnum Ice Cream Company NV (London Stock Exchange) (A) | &nbsp;&nbsp;17322 | &nbsp;&nbsp;&nbsp;&nbsp;274936 |
| Universal Music Group NV | &nbsp;&nbsp;39232 | &nbsp;&nbsp;&nbsp;1022771 |
| Wolters Kluwer NV | &nbsp;&nbsp;&nbsp;8505 | &nbsp;&nbsp;&nbsp;&nbsp;880916 |
|  |  | 38571272 |
| **New Zealand - 0.1%** |  |  |
| Auckland International Airport, Ltd. | &nbsp;&nbsp;59743 | &nbsp;&nbsp;&nbsp;&nbsp;286295 |
| Contact Energy, Ltd. | &nbsp;&nbsp;28583 | &nbsp;&nbsp;&nbsp;&nbsp;152057 |
| Fisher & Paykel Healthcare Corp., Ltd. | &nbsp;&nbsp;20719 | &nbsp;&nbsp;&nbsp;&nbsp;450162 |
| Infratil, Ltd. | &nbsp;&nbsp;32864 | &nbsp;&nbsp;&nbsp;&nbsp;209711 |
| Meridian Energy, Ltd. | &nbsp;&nbsp;47713 | &nbsp;&nbsp;&nbsp;&nbsp;154103 |
| Xero, Ltd. (A) | &nbsp;&nbsp;&nbsp;5874 | &nbsp;&nbsp;&nbsp;&nbsp;444979 |
|  |  | &nbsp;&nbsp;&nbsp;1697307 |
| **Norway - 0.4%** |  |  |
| Aker BP ASA | &nbsp;&nbsp;10753 | &nbsp;&nbsp;&nbsp;&nbsp;273622 |
| DNB Bank ASA | &nbsp;&nbsp;31611 | &nbsp;&nbsp;&nbsp;&nbsp;880707 |
| Equinor ASA | &nbsp;&nbsp;26685 | &nbsp;&nbsp;&nbsp;&nbsp;629280 |
| Gjensidige Forsikring ASA | &nbsp;&nbsp;&nbsp;6934 | &nbsp;&nbsp;&nbsp;&nbsp;207246 |
| Kongsberg Gruppen ASA | &nbsp;&nbsp;15685 | &nbsp;&nbsp;&nbsp;&nbsp;401932 |
| Mowi ASA | &nbsp;&nbsp;16033 | &nbsp;&nbsp;&nbsp;&nbsp;385672 |
| Norsk Hydro ASA | &nbsp;&nbsp;48185 | &nbsp;&nbsp;&nbsp;&nbsp;371948 |
| Orkla ASA | &nbsp;&nbsp;24150 | &nbsp;&nbsp;&nbsp;&nbsp;268928 |
| Salmar ASA | &nbsp;&nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;142100 |
| Telenor ASA | &nbsp;&nbsp;21695 | &nbsp;&nbsp;&nbsp;&nbsp;315541 |
| Yara International ASA | &nbsp;&nbsp;&nbsp;5667 | &nbsp;&nbsp;&nbsp;&nbsp;231905 |
|  |  | &nbsp;&nbsp;&nbsp;4108881 |
| **Peru - 0.1%** |  |  |
| Cia de Minas Buenaventura SAA, ADR | &nbsp;&nbsp;&nbsp;5764 | &nbsp;&nbsp;&nbsp;&nbsp;160412 |
| Credicorp, Ltd. | &nbsp;&nbsp;&nbsp;2434 | &nbsp;&nbsp;&nbsp;&nbsp;698558 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;858970 |
| **Philippines - 0.1%** |  |  |
| Ayala Corp. | &nbsp;&nbsp;&nbsp;8920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70942 |
| Ayala Land, Inc. | 253800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96764 |
| Bank of the Philippine Islands | &nbsp;&nbsp;77991 | &nbsp;&nbsp;&nbsp;&nbsp;153853 |
| BDO Unibank, Inc. | &nbsp;&nbsp;85293 | &nbsp;&nbsp;&nbsp;&nbsp;194800 |
| International Container Terminal Services, Inc. | &nbsp;&nbsp;35820 | &nbsp;&nbsp;&nbsp;&nbsp;343738 |
| Jollibee Foods Corp. | &nbsp;&nbsp;18900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57731 |
| Manila Electric Company | &nbsp;&nbsp;&nbsp;9930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96893 |
| Metropolitan Bank & Trust Company | &nbsp;&nbsp;65642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76364 |
| PLDT, Inc. | &nbsp;&nbsp;&nbsp;2420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51844 |
| SM Investments Corp. | &nbsp;&nbsp;&nbsp;8302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98620 |
| SM Prime Holdings, Inc. | 348244 | &nbsp;&nbsp;&nbsp;&nbsp;134569 |
|  |  | &nbsp;&nbsp;&nbsp;1376118 |
| **Poland - 0.3%** |  |  |
| Allegro.eu SA (A)(B) | &nbsp;&nbsp;22612 | &nbsp;&nbsp;&nbsp;&nbsp;194033 |
| Bank Millennium SA (A) | &nbsp;&nbsp;21629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99879 |
| Bank Polska Kasa Opieki SA | &nbsp;&nbsp;&nbsp;6330 | &nbsp;&nbsp;&nbsp;&nbsp;359048 |
| Budimex SA | &nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80492 |
| CCC SA (A) | &nbsp;&nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63788 |
| CD Projekt SA | &nbsp;&nbsp;&nbsp;2349 | &nbsp;&nbsp;&nbsp;&nbsp;156927 |
| Dino Polska SA (A)(B) | &nbsp;&nbsp;17190 | &nbsp;&nbsp;&nbsp;&nbsp;197363 |
| InPost SA (A) | &nbsp;&nbsp;&nbsp;8484 | &nbsp;&nbsp;&nbsp;&nbsp;104257 |
| KGHM Polska Miedz SA (A) | &nbsp;&nbsp;&nbsp;4931 | &nbsp;&nbsp;&nbsp;&nbsp;383129 |
| LPP SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;242686 |
| mBank SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;508 | &nbsp;&nbsp;&nbsp;&nbsp;150234 |
| ORLEN SA | &nbsp;&nbsp;21026 | &nbsp;&nbsp;&nbsp;&nbsp;561326 |
| PGE Polska Grupa Energetyczna SA (A) | &nbsp;&nbsp;36175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88410 |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp;31391 | &nbsp;&nbsp;&nbsp;&nbsp;740890 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 41 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Poland (continued)** |  |  |
| Powszechny Zaklad Ubezpieczen SA | &nbsp;&nbsp;21961 | $&nbsp;&nbsp;&nbsp;&nbsp;406486 |
| Santander Bank Polska SA | &nbsp;&nbsp;&nbsp;1488 | &nbsp;&nbsp;&nbsp;&nbsp;224938 |
|  |  | 4053886 |
| **Portugal - 0.1%** |  |  |
| Banco Comercial Portugues SA | 296627 | &nbsp;&nbsp;&nbsp;&nbsp;312246 |
| EDP SA | 110532 | &nbsp;&nbsp;&nbsp;&nbsp;509086 |
| Galp Energia SGPS SA | &nbsp;&nbsp;16011 | &nbsp;&nbsp;&nbsp;&nbsp;275714 |
| Jeronimo Martins SGPS SA | &nbsp;&nbsp;&nbsp;9675 | &nbsp;&nbsp;&nbsp;&nbsp;230229 |
|  |  | 1327275 |
| **Russia - 0.0%** |  |  |
| Gazprom PJSC, ADR (A)(D) | &nbsp;&nbsp;&nbsp;3680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Gazprom PJSC, ADR (London Stock Exchange) (A)(D) | 251662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| LUKOIL PJSC, ADR (A)(D) | &nbsp;&nbsp;23756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| MMC Norilsk Nickel PJSC, ADR (A)(D) | &nbsp;&nbsp;39185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Mobile TeleSystems PJSC, ADR (A)(D) | &nbsp;&nbsp;20264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Novatek PJSC, GDR (A)(D) | &nbsp;&nbsp;&nbsp;3057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Rosneft Oil Company PJSC, GDR (A)(D) | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Rosneft Oil Company PJSC, GDR (London Stock Exchange) (A)(D) | &nbsp;&nbsp;&nbsp;9131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Sberbank of Russia PJSC, ADR (A)(D) | &nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Sberbank of Russia PJSC, ADR (London Stock Exchange) (A)(D) | &nbsp;&nbsp;34900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Severstal PAO, GDR (A)(D) | &nbsp;&nbsp;&nbsp;4250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Surgutneftegas PJSC, ADR (A)(D) | &nbsp;&nbsp;22274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Surgutneftegas PJSC, ADR (London Stock Exchange) (A)(D) | &nbsp;&nbsp;23070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Tatneft PJSC, ADR (A)(D) | &nbsp;&nbsp;&nbsp;7986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| VTB Bank PJSC, GDR (A)(D) | &nbsp;&nbsp;50760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Saudi Arabia - 0.9%** |  |  |
| ACWA Power Company (A) | &nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;261583 |
| Ades Holding Company | &nbsp;&nbsp;11669 | &nbsp;&nbsp;&nbsp;&nbsp;54214 |
| Al Rajhi Bank | &nbsp;&nbsp;69890 | 1815401 |
| Alinma Bank | &nbsp;&nbsp;43373 | &nbsp;&nbsp;&nbsp;&nbsp;281848 |
| Almarai Company JSC | &nbsp;&nbsp;17058 | &nbsp;&nbsp;&nbsp;&nbsp;196821 |
| Arab National Bank | &nbsp;&nbsp;31564 | &nbsp;&nbsp;&nbsp;&nbsp;181965 |
| Arabian Internet & Communications Services Company | &nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;48737 |
| Bank AlBilad | &nbsp;&nbsp;26130 | &nbsp;&nbsp;&nbsp;&nbsp;172583 |
| Bank Al-Jazira (A) | &nbsp;&nbsp;22318 | &nbsp;&nbsp;&nbsp;&nbsp;66272 |
| Banque Saudi Fransi | &nbsp;&nbsp;42947 | &nbsp;&nbsp;&nbsp;&nbsp;192620 |
| Bupa Arabia for Cooperative Insurance Company | &nbsp;&nbsp;&nbsp;2820 | &nbsp;&nbsp;&nbsp;&nbsp;104478 |
| Dallah Healthcare Company | &nbsp;&nbsp;&nbsp;1169 | &nbsp;&nbsp;&nbsp;&nbsp;39067 |
| Dar Al Arkan Real Estate Development Company (A) | &nbsp;&nbsp;18814 | &nbsp;&nbsp;&nbsp;&nbsp;79993 |
| Dr Sulaiman Al Habib Medical Services Group Company | &nbsp;&nbsp;&nbsp;2961 | &nbsp;&nbsp;&nbsp;&nbsp;202917 |
| Elm Company | &nbsp;&nbsp;&nbsp;&nbsp;856 | &nbsp;&nbsp;&nbsp;&nbsp;170703 |
| Etihad Etisalat Company | &nbsp;&nbsp;13413 | &nbsp;&nbsp;&nbsp;&nbsp;235671 |
| Jabal Omar Development Company (A) | &nbsp;&nbsp;20618 | &nbsp;&nbsp;&nbsp;&nbsp;81081 |
| Jarir Marketing Company | &nbsp;&nbsp;20900 | &nbsp;&nbsp;&nbsp;&nbsp;71210 |
| Makkah Construction & Development Company | &nbsp;&nbsp;&nbsp;3494 | &nbsp;&nbsp;&nbsp;&nbsp;74092 |
| Mouwasat Medical Services Company | &nbsp;&nbsp;&nbsp;3348 | &nbsp;&nbsp;&nbsp;&nbsp;59500 |
| Riyad Bank | &nbsp;&nbsp;53160 | &nbsp;&nbsp;&nbsp;&nbsp;384756 |
| SABIC Agri-Nutrients Company | &nbsp;&nbsp;&nbsp;7973 | &nbsp;&nbsp;&nbsp;&nbsp;235085 |
| Sahara International Petrochemical Company | &nbsp;&nbsp;12775 | &nbsp;&nbsp;&nbsp;&nbsp;51074 |
| SAL Saudi Logistics Services | &nbsp;&nbsp;&nbsp;1284 | &nbsp;&nbsp;&nbsp;&nbsp;54891 |
| Saudi Arabian Mining Company (A) | &nbsp;&nbsp;47527 | &nbsp;&nbsp;&nbsp;&nbsp;772003 |
| Saudi Arabian Oil Company (B) | 215731 | 1369925 |
| Saudi Awwal Bank | &nbsp;&nbsp;35311 | &nbsp;&nbsp;&nbsp;&nbsp;304579 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Saudi Arabia (continued)** |  |  |
| Saudi Basic Industries Corp. | &nbsp;&nbsp;31563 | $&nbsp;&nbsp;&nbsp;&nbsp;431478 |
| Saudi Electricity Company | &nbsp;&nbsp;29505 | &nbsp;&nbsp;&nbsp;&nbsp;110510 |
| Saudi Research & Media Group (A) | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40819 |
| Saudi Tadawul Group Holding Company | &nbsp;&nbsp;&nbsp;1623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60722 |
| Saudi Telecom Company | &nbsp;&nbsp;71316 | &nbsp;&nbsp;&nbsp;&nbsp;816699 |
| The Company for Cooperative Insurance | &nbsp;&nbsp;&nbsp;2532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78944 |
| The Saudi Investment Bank | &nbsp;&nbsp;20926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73223 |
| The Saudi National Bank | 104835 | &nbsp;&nbsp;&nbsp;1058005 |
| Yanbu National Petrochemical Company | &nbsp;&nbsp;&nbsp;9666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70801 |
|  |  | 10304270 |
| **Singapore - 1.2%** |  |  |
| BOC Aviation, Ltd. (B) | &nbsp;&nbsp;&nbsp;7400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69291 |
| CapitaLand Ascendas REIT | 128702 | &nbsp;&nbsp;&nbsp;&nbsp;282961 |
| CapitaLand Integrated Commercial Trust | 212140 | &nbsp;&nbsp;&nbsp;&nbsp;393741 |
| CapitaLand Investment, Ltd. | &nbsp;&nbsp;78802 | &nbsp;&nbsp;&nbsp;&nbsp;165841 |
| DBS Group Holdings, Ltd. | &nbsp;&nbsp;75989 | &nbsp;&nbsp;&nbsp;3328669 |
| Grab Holdings, Ltd., Class A (A) | &nbsp;&nbsp;82400 | &nbsp;&nbsp;&nbsp;&nbsp;411176 |
| Keppel, Ltd. | &nbsp;&nbsp;51969 | &nbsp;&nbsp;&nbsp;&nbsp;417813 |
| Oversea-Chinese Banking Corp., Ltd. | 120702 | &nbsp;&nbsp;&nbsp;1854372 |
| Sea, Ltd., ADR (A) | &nbsp;&nbsp;13600 | &nbsp;&nbsp;&nbsp;1734952 |
| Sembcorp Industries, Ltd. | &nbsp;&nbsp;30200 | &nbsp;&nbsp;&nbsp;&nbsp;141173 |
| Singapore Airlines, Ltd. | &nbsp;&nbsp;51250 | &nbsp;&nbsp;&nbsp;&nbsp;254454 |
| Singapore Exchange, Ltd. | &nbsp;&nbsp;30900 | &nbsp;&nbsp;&nbsp;&nbsp;406765 |
| Singapore Technologies Engineering, Ltd. | &nbsp;&nbsp;56800 | &nbsp;&nbsp;&nbsp;&nbsp;371137 |
| Singapore Telecommunications, Ltd. | 265040 | &nbsp;&nbsp;&nbsp;&nbsp;937711 |
| Trip.com Group, Ltd. | &nbsp;&nbsp;22150 | &nbsp;&nbsp;&nbsp;1588186 |
| United Overseas Bank, Ltd. | &nbsp;&nbsp;45008 | &nbsp;&nbsp;&nbsp;1225816 |
| Wilmar International, Ltd. | &nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp;172199 |
|  |  | 13756257 |
| **South Africa - 1.0%** |  |  |
| Absa Group, Ltd. | &nbsp;&nbsp;29798 | &nbsp;&nbsp;&nbsp;&nbsp;430666 |
| Bid Corp., Ltd. | &nbsp;&nbsp;11763 | &nbsp;&nbsp;&nbsp;&nbsp;299931 |
| Capitec Bank Holdings, Ltd. | &nbsp;&nbsp;&nbsp;3067 | &nbsp;&nbsp;&nbsp;&nbsp;769881 |
| Clicks Group, Ltd. | &nbsp;&nbsp;&nbsp;8355 | &nbsp;&nbsp;&nbsp;&nbsp;170245 |
| Discovery, Ltd. | &nbsp;&nbsp;18977 | &nbsp;&nbsp;&nbsp;&nbsp;260550 |
| FirstRand, Ltd. | 180021 | &nbsp;&nbsp;&nbsp;&nbsp;986513 |
| Gold Fields, Ltd. | &nbsp;&nbsp;32013 | &nbsp;&nbsp;&nbsp;1395843 |
| Harmony Gold Mining Company, Ltd. | &nbsp;&nbsp;20728 | &nbsp;&nbsp;&nbsp;&nbsp;415847 |
| Impala Platinum Holdings, Ltd. | &nbsp;&nbsp;31717 | &nbsp;&nbsp;&nbsp;&nbsp;498437 |
| MTN Group, Ltd. | &nbsp;&nbsp;59164 | &nbsp;&nbsp;&nbsp;&nbsp;605703 |
| Naspers, Ltd., N Shares | &nbsp;&nbsp;27870 | &nbsp;&nbsp;&nbsp;1858691 |
| Nedbank Group, Ltd. | &nbsp;&nbsp;16333 | &nbsp;&nbsp;&nbsp;&nbsp;262728 |
| Northam Platinum Holdings, Ltd. | &nbsp;&nbsp;12041 | &nbsp;&nbsp;&nbsp;&nbsp;244347 |
| OUTsurance Group, Ltd. | &nbsp;&nbsp;28715 | &nbsp;&nbsp;&nbsp;&nbsp;124257 |
| Pepkor Holdings, Ltd. (B) | 125200 | &nbsp;&nbsp;&nbsp;&nbsp;200025 |
| Remgro, Ltd. | &nbsp;&nbsp;17781 | &nbsp;&nbsp;&nbsp;&nbsp;195115 |
| Sanlam, Ltd. | &nbsp;&nbsp;65358 | &nbsp;&nbsp;&nbsp;&nbsp;388381 |
| Sasol, Ltd. (A) | &nbsp;&nbsp;19396 | &nbsp;&nbsp;&nbsp;&nbsp;123755 |
| Shoprite Holdings, Ltd. | &nbsp;&nbsp;17628 | &nbsp;&nbsp;&nbsp;&nbsp;287612 |
| Sibanye Stillwater, Ltd. (A) | 101005 | &nbsp;&nbsp;&nbsp;&nbsp;368244 |
| Standard Bank Group, Ltd. | &nbsp;&nbsp;46185 | &nbsp;&nbsp;&nbsp;&nbsp;810107 |
| The Bidvest Group, Ltd. | &nbsp;&nbsp;11986 | &nbsp;&nbsp;&nbsp;&nbsp;171881 |
| Valterra Platinum, Ltd. | &nbsp;&nbsp;&nbsp;3518 | &nbsp;&nbsp;&nbsp;&nbsp;297934 |
| Valterra Platinum, Ltd. (London Stock Exchange) | &nbsp;&nbsp;&nbsp;4636 | &nbsp;&nbsp;&nbsp;&nbsp;386907 |
| Vodacom Group, Ltd. | &nbsp;&nbsp;21952 | &nbsp;&nbsp;&nbsp;&nbsp;187720 |
|  |  | 11741320 |
| **South Korea - 3.9%** |  |  |
| Alteogen, Inc. (A) | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;436844 |
| Amorepacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80749 |
| APR Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;784 | &nbsp;&nbsp;&nbsp;&nbsp;125708 |
| Celltrion, Inc. | &nbsp;&nbsp;&nbsp;5226 | &nbsp;&nbsp;&nbsp;&nbsp;655776 |
| Coway Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1819 | &nbsp;&nbsp;&nbsp;&nbsp;109500 |
| DB Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;1585 | &nbsp;&nbsp;&nbsp;&nbsp;143924 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 42 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **South Korea (continued)** |  |  |
| Doosan Bobcat, Inc. (A) | &nbsp;&nbsp;&nbsp;1900 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76000 |
| Doosan Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;144044 |
| Doosan Enerbility Company, Ltd. (A) | &nbsp;&nbsp;15989 | &nbsp;&nbsp;&nbsp;&nbsp;836290 |
| Ecopro BM Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1656 | &nbsp;&nbsp;&nbsp;&nbsp;168455 |
| Ecopro Company, Ltd. | &nbsp;&nbsp;&nbsp;3437 | &nbsp;&nbsp;&nbsp;&nbsp;216512 |
| Hana Financial Group, Inc. | &nbsp;&nbsp;10253 | &nbsp;&nbsp;&nbsp;&nbsp;668973 |
| Hanjin Kal Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78801 |
| Hankook Tire & Technology Company, Ltd. | &nbsp;&nbsp;&nbsp;2561 | &nbsp;&nbsp;&nbsp;&nbsp;103791 |
| Hanmi Semiconductor Company, Ltd. | &nbsp;&nbsp;&nbsp;1497 | &nbsp;&nbsp;&nbsp;&nbsp;132714 |
| Hanwha Aerospace Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1221 | &nbsp;&nbsp;&nbsp;&nbsp;797374 |
| Hanwha Ocean Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;4374 | &nbsp;&nbsp;&nbsp;&nbsp;345373 |
| Hanwha Systems Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;2695 | &nbsp;&nbsp;&nbsp;&nbsp;101789 |
| HD Hyundai Company, Ltd. | &nbsp;&nbsp;&nbsp;1555 | &nbsp;&nbsp;&nbsp;&nbsp;203535 |
| HD Hyundai Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;867 | &nbsp;&nbsp;&nbsp;&nbsp;465621 |
| HD Hyundai Heavy Industries Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;768 | &nbsp;&nbsp;&nbsp;&nbsp;270681 |
| HD Hyundai Marine Solution Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63649 |
| HD Korea Shipbuilding & Offshore Engineering Company, Ltd. | &nbsp;&nbsp;&nbsp;1463 | &nbsp;&nbsp;&nbsp;&nbsp;412817 |
| HLB, Inc. (A) | &nbsp;&nbsp;&nbsp;4042 | &nbsp;&nbsp;&nbsp;&nbsp;142445 |
| HMM Company, Ltd. | &nbsp;&nbsp;&nbsp;9425 | &nbsp;&nbsp;&nbsp;&nbsp;134046 |
| HYBE Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;858 | &nbsp;&nbsp;&nbsp;&nbsp;196303 |
| Hyosung Heavy Industries Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;247068 |
| Hyundai Glovis Company, Ltd. | &nbsp;&nbsp;&nbsp;1298 | &nbsp;&nbsp;&nbsp;&nbsp;162926 |
| Hyundai Mobis Company, Ltd. | &nbsp;&nbsp;&nbsp;2188 | &nbsp;&nbsp;&nbsp;&nbsp;567745 |
| Hyundai Motor Company | &nbsp;&nbsp;&nbsp;4858 | &nbsp;&nbsp;&nbsp;1003215 |
| Hyundai Rotem Company, Ltd. | &nbsp;&nbsp;&nbsp;2681 | &nbsp;&nbsp;&nbsp;&nbsp;349657 |
| Industrial Bank of Korea | &nbsp;&nbsp;&nbsp;9540 | &nbsp;&nbsp;&nbsp;&nbsp;138669 |
| Kakao Corp. | &nbsp;&nbsp;10776 | &nbsp;&nbsp;&nbsp;&nbsp;449373 |
| KakaoBank Corp. | &nbsp;&nbsp;&nbsp;5704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85510 |
| KB Financial Group, Inc. | &nbsp;&nbsp;12698 | &nbsp;&nbsp;&nbsp;1093103 |
| Kia Corp. | &nbsp;&nbsp;&nbsp;8406 | &nbsp;&nbsp;&nbsp;&nbsp;712606 |
| Korea Aerospace Industries, Ltd. | &nbsp;&nbsp;&nbsp;2519 | &nbsp;&nbsp;&nbsp;&nbsp;199588 |
| Korea Electric Power Corp. (A) | &nbsp;&nbsp;&nbsp;7018 | &nbsp;&nbsp;&nbsp;&nbsp;230328 |
| Korea Electric Power Corp., ADR | &nbsp;&nbsp;&nbsp;4277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70571 |
| Korea Investment Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;1446 | &nbsp;&nbsp;&nbsp;&nbsp;162813 |
| Korea Zinc Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;182 | &nbsp;&nbsp;&nbsp;&nbsp;165633 |
| Korean Air Lines Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;6728 | &nbsp;&nbsp;&nbsp;&nbsp;105172 |
| Krafton, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;992 | &nbsp;&nbsp;&nbsp;&nbsp;169025 |
| KT&G Corp. | &nbsp;&nbsp;&nbsp;3672 | &nbsp;&nbsp;&nbsp;&nbsp;361844 |
| LG Chem, Ltd. | &nbsp;&nbsp;&nbsp;1733 | &nbsp;&nbsp;&nbsp;&nbsp;400866 |
| LG Corp. | &nbsp;&nbsp;&nbsp;3251 | &nbsp;&nbsp;&nbsp;&nbsp;182145 |
| LG Display Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;9494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78003 |
| LG Display Company, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;2454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10331 |
| LG Electronics, Inc. | &nbsp;&nbsp;&nbsp;3973 | &nbsp;&nbsp;&nbsp;&nbsp;253510 |
| LG Energy Solution, Ltd. (A) | &nbsp;&nbsp;&nbsp;1620 | &nbsp;&nbsp;&nbsp;&nbsp;414291 |
| LG H&H Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64191 |
| LG Uplus Corp. | &nbsp;&nbsp;&nbsp;9062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92519 |
| LIG Nex1 Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;471 | &nbsp;&nbsp;&nbsp;&nbsp;137231 |
| LS Electric Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;526 | &nbsp;&nbsp;&nbsp;&nbsp;168510 |
| Meritz Financial Group, Inc. | &nbsp;&nbsp;&nbsp;2640 | &nbsp;&nbsp;&nbsp;&nbsp;206886 |
| Mirae Asset Securities Company, Ltd. | &nbsp;&nbsp;&nbsp;7084 | &nbsp;&nbsp;&nbsp;&nbsp;114914 |
| NAVER Corp. | &nbsp;&nbsp;&nbsp;5085 | &nbsp;&nbsp;&nbsp;&nbsp;854796 |
| NH Investment & Securities Company, Ltd. | &nbsp;&nbsp;&nbsp;5165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75645 |
| POSCO Future M Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1184 | &nbsp;&nbsp;&nbsp;&nbsp;153728 |
| POSCO Holdings, Inc. | &nbsp;&nbsp;&nbsp;2532 | &nbsp;&nbsp;&nbsp;&nbsp;536778 |
| Posco International Corp. | &nbsp;&nbsp;&nbsp;1782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61435 |
| Samsung Biologics Company, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;412 | &nbsp;&nbsp;&nbsp;&nbsp;483764 |
| Samsung C&T Corp. (A) | &nbsp;&nbsp;&nbsp;3239 | &nbsp;&nbsp;&nbsp;&nbsp;537976 |
| Samsung Electro-Mechanics Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1973 | &nbsp;&nbsp;&nbsp;&nbsp;349177 |
| Samsung Electronics Company, Ltd. | 167497 | 14038743 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **South Korea (continued)** |  |  |
| Samsung Fire & Marine Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;1085 | $&nbsp;&nbsp;&nbsp;&nbsp;373814 |
| Samsung Heavy Industries Company, Ltd. (A) | &nbsp;&nbsp;25103 | &nbsp;&nbsp;&nbsp;&nbsp;419779 |
| Samsung Life Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;2756 | &nbsp;&nbsp;&nbsp;&nbsp;301272 |
| Samsung SDI Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;2173 | &nbsp;&nbsp;&nbsp;&nbsp;406331 |
| Samsung SDS Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1499 | &nbsp;&nbsp;&nbsp;&nbsp;178387 |
| Samyang Foods Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;126370 |
| Shinhan Financial Group Company, Ltd. | &nbsp;&nbsp;14733 | &nbsp;&nbsp;&nbsp;&nbsp;784528 |
| Shinhan Financial Group Company, Ltd., ADR | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18771 |
| SK Biopharmaceuticals Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;1071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92575 |
| SK Hynix, Inc. | &nbsp;&nbsp;19303 | &nbsp;&nbsp;&nbsp;8741901 |
| SK Innovation Company, Ltd. | &nbsp;&nbsp;&nbsp;2538 | &nbsp;&nbsp;&nbsp;&nbsp;178134 |
| SK Square Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;3395 | &nbsp;&nbsp;&nbsp;&nbsp;864564 |
| SK Telecom Company, Ltd. | &nbsp;&nbsp;&nbsp;1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69430 |
| SK, Inc. | &nbsp;&nbsp;&nbsp;1269 | &nbsp;&nbsp;&nbsp;&nbsp;226459 |
| S-Oil Corp. (A) | &nbsp;&nbsp;&nbsp;1876 | &nbsp;&nbsp;&nbsp;&nbsp;107941 |
| Woori Financial Group, Inc. | &nbsp;&nbsp;22973 | &nbsp;&nbsp;&nbsp;&nbsp;445892 |
| Yuhan Corp. (A) | &nbsp;&nbsp;&nbsp;1941 | &nbsp;&nbsp;&nbsp;&nbsp;151093 |
|  |  | 46089240 |
| **Spain - 2.3%** |  |  |
| Acciona SA | &nbsp;&nbsp;&nbsp;&nbsp;843 | &nbsp;&nbsp;&nbsp;&nbsp;183470 |
| ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp;&nbsp;6124 | &nbsp;&nbsp;&nbsp;&nbsp;607900 |
| Aena SME SA (B) | &nbsp;&nbsp;26740 | &nbsp;&nbsp;&nbsp;&nbsp;747138 |
| Amadeus IT Group SA | &nbsp;&nbsp;16064 | &nbsp;&nbsp;&nbsp;1188911 |
| Banco Bilbao Vizcaya Argentaria SA | 205508 | &nbsp;&nbsp;&nbsp;4820636 |
| Banco de Sabadell SA | 191623 | &nbsp;&nbsp;&nbsp;&nbsp;755157 |
| Banco Santander SA | 503056 | &nbsp;&nbsp;&nbsp;5921208 |
| Banco Santander SA (Mexican Stock Exchange) | &nbsp;&nbsp;22856 | &nbsp;&nbsp;&nbsp;&nbsp;281773 |
| Bankinter SA | &nbsp;&nbsp;24039 | &nbsp;&nbsp;&nbsp;&nbsp;398450 |
| CaixaBank SA | 140517 | &nbsp;&nbsp;&nbsp;1717976 |
| Cellnex Telecom SA (A)(B) | &nbsp;&nbsp;18445 | &nbsp;&nbsp;&nbsp;&nbsp;593959 |
| EDP Renovaveis SA | &nbsp;&nbsp;11064 | &nbsp;&nbsp;&nbsp;&nbsp;156249 |
| Endesa SA | &nbsp;&nbsp;11538 | &nbsp;&nbsp;&nbsp;&nbsp;415145 |
| Grifols SA | &nbsp;&nbsp;11763 | &nbsp;&nbsp;&nbsp;&nbsp;147033 |
| Iberdrola SA | 224169 | &nbsp;&nbsp;&nbsp;4854013 |
| Industria de Diseno Textil SA | &nbsp;&nbsp;38897 | &nbsp;&nbsp;&nbsp;2565824 |
| Mapfre SA | &nbsp;&nbsp;30242 | &nbsp;&nbsp;&nbsp;&nbsp;151760 |
| Naturgy Energy Group SA | &nbsp;&nbsp;&nbsp;6505 | &nbsp;&nbsp;&nbsp;&nbsp;198066 |
| Redeia Corp. SA | &nbsp;&nbsp;14812 | &nbsp;&nbsp;&nbsp;&nbsp;264050 |
| Repsol SA | &nbsp;&nbsp;40430 | &nbsp;&nbsp;&nbsp;&nbsp;754359 |
| Telefonica SA | 127823 | &nbsp;&nbsp;&nbsp;&nbsp;524706 |
|  |  | 27247783 |
| **Sweden - 2.2%** |  |  |
| AddTech AB, B Shares | &nbsp;&nbsp;&nbsp;9107 | &nbsp;&nbsp;&nbsp;&nbsp;320736 |
| Alfa Laval AB | &nbsp;&nbsp;10147 | &nbsp;&nbsp;&nbsp;&nbsp;508784 |
| Assa Abloy AB, B Shares | &nbsp;&nbsp;35740 | &nbsp;&nbsp;&nbsp;1380666 |
| Atlas Copco AB, A Shares | &nbsp;&nbsp;95780 | &nbsp;&nbsp;&nbsp;1705130 |
| Atlas Copco AB, B Shares | &nbsp;&nbsp;55658 | &nbsp;&nbsp;&nbsp;&nbsp;889788 |
| Beijer Ref AB | &nbsp;&nbsp;13260 | &nbsp;&nbsp;&nbsp;&nbsp;212794 |
| Boliden AB (A) | &nbsp;&nbsp;10135 | &nbsp;&nbsp;&nbsp;&nbsp;561441 |
| Epiroc AB, A Shares | &nbsp;&nbsp;23702 | &nbsp;&nbsp;&nbsp;&nbsp;534287 |
| Epiroc AB, B Shares | &nbsp;&nbsp;13906 | &nbsp;&nbsp;&nbsp;&nbsp;279769 |
| EQT AB | &nbsp;&nbsp;17151 | &nbsp;&nbsp;&nbsp;&nbsp;670021 |
| Essity AB, B Shares | &nbsp;&nbsp;21462 | &nbsp;&nbsp;&nbsp;&nbsp;617061 |
| Evolution AB (B) | &nbsp;&nbsp;&nbsp;4530 | &nbsp;&nbsp;&nbsp;&nbsp;307594 |
| Fastighets AB Balder, B Shares (A) | &nbsp;&nbsp;24258 | &nbsp;&nbsp;&nbsp;&nbsp;179056 |
| Hennes & Mauritz AB, B Shares | &nbsp;&nbsp;16856 | &nbsp;&nbsp;&nbsp;&nbsp;337860 |
| Hexagon AB, B Shares | &nbsp;&nbsp;74033 | &nbsp;&nbsp;&nbsp;&nbsp;872012 |
| Holmen AB, B Shares | &nbsp;&nbsp;&nbsp;2519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96625 |
| Industrivarden AB, A Shares | &nbsp;&nbsp;&nbsp;4345 | &nbsp;&nbsp;&nbsp;&nbsp;194649 |
| Industrivarden AB, C Shares | &nbsp;&nbsp;&nbsp;5545 | &nbsp;&nbsp;&nbsp;&nbsp;248212 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 43 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Sweden (continued)** |  |  |
| Indutrade AB | &nbsp;&nbsp;&nbsp;9332 | $&nbsp;&nbsp;&nbsp;&nbsp;241893 |
| Investment AB Latour, B Shares | &nbsp;&nbsp;&nbsp;5009 | &nbsp;&nbsp;&nbsp;&nbsp;121692 |
| Investor AB, B Shares | &nbsp;&nbsp;64158 | &nbsp;&nbsp;&nbsp;2286307 |
| L.E. Lundbergforetagen AB, B Shares | &nbsp;&nbsp;&nbsp;2535 | &nbsp;&nbsp;&nbsp;&nbsp;139961 |
| Lifco AB, B Shares | &nbsp;&nbsp;&nbsp;8478 | &nbsp;&nbsp;&nbsp;&nbsp;321305 |
| Nibe Industrier AB, B Shares | &nbsp;&nbsp;51776 | &nbsp;&nbsp;&nbsp;&nbsp;197908 |
| Saab AB, B Shares | &nbsp;&nbsp;11464 | &nbsp;&nbsp;&nbsp;&nbsp;665144 |
| Sagax AB, B Shares | &nbsp;&nbsp;&nbsp;7738 | &nbsp;&nbsp;&nbsp;&nbsp;165500 |
| Sandvik AB | &nbsp;&nbsp;38020 | &nbsp;&nbsp;&nbsp;1228087 |
| Securitas AB, B Shares | &nbsp;&nbsp;17323 | &nbsp;&nbsp;&nbsp;&nbsp;275490 |
| Skandinaviska Enskilda Banken AB, A Shares | &nbsp;&nbsp;52998 | &nbsp;&nbsp;&nbsp;1117393 |
| Skanska AB, B Shares | &nbsp;&nbsp;12135 | &nbsp;&nbsp;&nbsp;&nbsp;330658 |
| SKF AB, B Shares | &nbsp;&nbsp;12164 | &nbsp;&nbsp;&nbsp;&nbsp;321967 |
| Spotify Technology SA (A) | &nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;3193905 |
| Svenska Cellulosa AB SCA, B Shares | &nbsp;&nbsp;20883 | &nbsp;&nbsp;&nbsp;&nbsp;276947 |
| Svenska Handelsbanken AB, A Shares | &nbsp;&nbsp;52019 | &nbsp;&nbsp;&nbsp;&nbsp;753627 |
| Swedbank AB, A Shares | &nbsp;&nbsp;30274 | &nbsp;&nbsp;&nbsp;1050357 |
| Swedish Orphan Biovitrum AB (A) | &nbsp;&nbsp;&nbsp;6982 | &nbsp;&nbsp;&nbsp;&nbsp;250564 |
| Tele2 AB, B Shares | &nbsp;&nbsp;18899 | &nbsp;&nbsp;&nbsp;&nbsp;316683 |
| Telefonaktiebolaget LM Ericsson, B Shares | &nbsp;&nbsp;98813 | &nbsp;&nbsp;&nbsp;&nbsp;961651 |
| Telia Company AB | &nbsp;&nbsp;85858 | &nbsp;&nbsp;&nbsp;&nbsp;366954 |
| Trelleborg AB, B Shares | &nbsp;&nbsp;&nbsp;7583 | &nbsp;&nbsp;&nbsp;&nbsp;320545 |
| Volvo AB, B Shares | &nbsp;&nbsp;56642 | &nbsp;&nbsp;&nbsp;1802610 |
|  |  | 26623633 |
| **Switzerland - 6.1%** |  |  |
| ABB, Ltd. | &nbsp;&nbsp;55327 | &nbsp;&nbsp;&nbsp;4078568 |
| Alcon, Inc. | &nbsp;&nbsp;17818 | &nbsp;&nbsp;&nbsp;1409903 |
| Avolta AG (A) | &nbsp;&nbsp;&nbsp;3335 | &nbsp;&nbsp;&nbsp;&nbsp;196698 |
| Banque Cantonale Vaudoise | &nbsp;&nbsp;&nbsp;1029 | &nbsp;&nbsp;&nbsp;&nbsp;130086 |
| Barry Callebaut AG | &nbsp;&nbsp;&nbsp;&nbsp;136 | &nbsp;&nbsp;&nbsp;&nbsp;222348 |
| Belimo Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;351 | &nbsp;&nbsp;&nbsp;&nbsp;342949 |
| BKW AG | &nbsp;&nbsp;&nbsp;&nbsp;721 | &nbsp;&nbsp;&nbsp;&nbsp;152932 |
| Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;586624 |
| Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;496804 |
| Cie Financiere Richemont SA, A Shares | &nbsp;&nbsp;19169 | &nbsp;&nbsp;&nbsp;4133812 |
| Coca-Cola HBC AG (A) | &nbsp;&nbsp;&nbsp;7861 | &nbsp;&nbsp;&nbsp;&nbsp;406676 |
| DSM-Firmenich AG | &nbsp;&nbsp;&nbsp;5973 | &nbsp;&nbsp;&nbsp;&nbsp;481841 |
| EMS-Chemie Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;241 | &nbsp;&nbsp;&nbsp;&nbsp;166249 |
| Galderma Group AG | &nbsp;&nbsp;&nbsp;7079 | &nbsp;&nbsp;&nbsp;1102060 |
| Geberit AG | &nbsp;&nbsp;&nbsp;1194 | &nbsp;&nbsp;&nbsp;&nbsp;927287 |
| Givaudan SA | &nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;1301605 |
| Glencore PLC (A) | 353484 | &nbsp;&nbsp;&nbsp;1932369 |
| Helvetia Baloise Holding AG | &nbsp;&nbsp;&nbsp;2927 | &nbsp;&nbsp;&nbsp;&nbsp;769839 |
| Holcim, Ltd. (A) | &nbsp;&nbsp;17934 | &nbsp;&nbsp;&nbsp;1745880 |
| Julius Baer Group, Ltd. | &nbsp;&nbsp;&nbsp;7301 | &nbsp;&nbsp;&nbsp;&nbsp;570433 |
| Kuehne + Nagel International AG | &nbsp;&nbsp;&nbsp;1701 | &nbsp;&nbsp;&nbsp;&nbsp;364788 |
| Logitech International SA | &nbsp;&nbsp;&nbsp;5338 | &nbsp;&nbsp;&nbsp;&nbsp;541903 |
| Lonza Group AG | &nbsp;&nbsp;&nbsp;2469 | &nbsp;&nbsp;&nbsp;1664648 |
| Nestle SA | &nbsp;&nbsp;91105 | &nbsp;&nbsp;&nbsp;9043002 |
| Novartis AG | &nbsp;&nbsp;67223 | &nbsp;&nbsp;&nbsp;9263053 |
| Partners Group Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;809 | &nbsp;&nbsp;&nbsp;&nbsp;992627 |
| Roche Holding AG | &nbsp;&nbsp;24842 | 10259005 |
| Roche Holding AG, Bearer Shares | &nbsp;&nbsp;&nbsp;1158 | &nbsp;&nbsp;&nbsp;&nbsp;489007 |
| Sandoz Group AG | &nbsp;&nbsp;14915 | &nbsp;&nbsp;&nbsp;1082921 |
| Schindler Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;806 | &nbsp;&nbsp;&nbsp;&nbsp;285196 |
| Schindler Holding AG, Participation Certificates | &nbsp;&nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;537021 |
| SGS SA | &nbsp;&nbsp;&nbsp;5744 | &nbsp;&nbsp;&nbsp;&nbsp;656815 |
| Sika AG | &nbsp;&nbsp;&nbsp;5436 | &nbsp;&nbsp;&nbsp;1103646 |
| Sonova Holding AG | &nbsp;&nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;471032 |
| STMicroelectronics NV | &nbsp;&nbsp;23723 | &nbsp;&nbsp;&nbsp;&nbsp;620002 |
| Straumann Holding AG | &nbsp;&nbsp;&nbsp;3915 | &nbsp;&nbsp;&nbsp;&nbsp;457287 |
| Swiss Life Holding AG | &nbsp;&nbsp;&nbsp;1024 | &nbsp;&nbsp;&nbsp;1179488 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Switzerland (continued)** |  |  |
| Swiss Prime Site AG | &nbsp;&nbsp;&nbsp;2861 | $&nbsp;&nbsp;&nbsp;&nbsp;444221 |
| Swiss Re AG | &nbsp;&nbsp;10755 | &nbsp;&nbsp;&nbsp;1791672 |
| Swisscom AG | &nbsp;&nbsp;&nbsp;&nbsp;908 | &nbsp;&nbsp;&nbsp;&nbsp;659532 |
| The Swatch Group AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;986 | &nbsp;&nbsp;&nbsp;&nbsp;207312 |
| UBS Group AG | 113278 | &nbsp;&nbsp;&nbsp;5230563 |
| VAT Group AG (B) | &nbsp;&nbsp;&nbsp;&nbsp;947 | &nbsp;&nbsp;&nbsp;&nbsp;454655 |
| Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;5219 | &nbsp;&nbsp;&nbsp;3949229 |
|  |  | 72903588 |
| **Taiwan - 6.2%** |  |  |
| Accton Technology Corp. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;679266 |
| Advantech Company, Ltd. | &nbsp;&nbsp;16623 | &nbsp;&nbsp;&nbsp;&nbsp;151987 |
| Airtac International Group | &nbsp;&nbsp;&nbsp;5185 | &nbsp;&nbsp;&nbsp;&nbsp;152813 |
| Alchip Technologies, Ltd. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;334876 |
| ASE Technology Holding Company, Ltd. | 118338 | &nbsp;&nbsp;&nbsp;&nbsp;933085 |
| Asia Cement Corp. | &nbsp;&nbsp;79863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94449 |
| Asia Vital Components Company, Ltd. | &nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;575936 |
| ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;230070 |
| Asustek Computer, Inc. | &nbsp;&nbsp;24952 | &nbsp;&nbsp;&nbsp;&nbsp;433733 |
| Bizlink Holding, Inc. | &nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;289868 |
| Caliway Biopharmaceuticals Company, Ltd. (A) | &nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;172740 |
| Catcher Technology Company, Ltd. | &nbsp;&nbsp;21184 | &nbsp;&nbsp;&nbsp;&nbsp;139980 |
| Cathay Financial Holding Company, Ltd. | 334373 | &nbsp;&nbsp;&nbsp;&nbsp;806569 |
| Chailease Holding Company, Ltd. | &nbsp;&nbsp;56065 | &nbsp;&nbsp;&nbsp;&nbsp;187930 |
| Chang Hwa Commercial Bank, Ltd. | 245543 | &nbsp;&nbsp;&nbsp;&nbsp;159671 |
| Cheng Shin Rubber Industry Company, Ltd. | &nbsp;&nbsp;66680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62569 |
| China Airlines, Ltd. | &nbsp;&nbsp;94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60347 |
| China Steel Corp. | 408388 | &nbsp;&nbsp;&nbsp;&nbsp;246740 |
| Chroma ATE, Inc. | &nbsp;&nbsp;13000 | &nbsp;&nbsp;&nbsp;&nbsp;321535 |
| Chunghwa Telecom Company, Ltd. | 135148 | &nbsp;&nbsp;&nbsp;&nbsp;561743 |
| Compal Electronics, Inc. | 139764 | &nbsp;&nbsp;&nbsp;&nbsp;135006 |
| CTBC Financial Holding Company, Ltd. | 595465 | &nbsp;&nbsp;&nbsp;&nbsp;951428 |
| Delta Electronics, Inc. | &nbsp;&nbsp;69866 | &nbsp;&nbsp;&nbsp;2131188 |
| E Ink Holdings, Inc. | &nbsp;&nbsp;31000 | &nbsp;&nbsp;&nbsp;&nbsp;194771 |
| E.Sun Financial Holding Company, Ltd. | 518135 | &nbsp;&nbsp;&nbsp;&nbsp;556480 |
| Eclat Textile Company, Ltd. | &nbsp;&nbsp;&nbsp;6259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76576 |
| Elite Material Company, Ltd. | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;523919 |
| eMemory Technology, Inc. | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;109843 |
| Eva Airways Corp. | &nbsp;&nbsp;93000 | &nbsp;&nbsp;&nbsp;&nbsp;108143 |
| Evergreen Marine Corp. Taiwan, Ltd. | &nbsp;&nbsp;39826 | &nbsp;&nbsp;&nbsp;&nbsp;240248 |
| Far Eastern New Century Corp. | &nbsp;&nbsp;99875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88318 |
| Far EasTone Telecommunications Company, Ltd. | &nbsp;&nbsp;61159 | &nbsp;&nbsp;&nbsp;&nbsp;171739 |
| Feng TAY Enterprise Company, Ltd. | &nbsp;&nbsp;19262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71335 |
| First Financial Holding Company, Ltd. | 398590 | &nbsp;&nbsp;&nbsp;&nbsp;372711 |
| Formosa Chemicals & Fibre Corp. | 121212 | &nbsp;&nbsp;&nbsp;&nbsp;123629 |
| Formosa Plastics Corp. | 154086 | &nbsp;&nbsp;&nbsp;&nbsp;191078 |
| Fortune Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;4840 | &nbsp;&nbsp;&nbsp;&nbsp;117413 |
| Fubon Financial Holding Company, Ltd. | 295857 | &nbsp;&nbsp;&nbsp;&nbsp;905514 |
| Gigabyte Technology Company, Ltd. | &nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;158221 |
| Global Unichip Corp. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;201711 |
| Globalwafers Company, Ltd. | &nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;116153 |
| Gold Circuit Electronics, Ltd. | &nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp;&nbsp;240285 |
| Hon Hai Precision Industry Company, Ltd. | 445368 | &nbsp;&nbsp;&nbsp;3264689 |
| Hotai Motor Company, Ltd. | &nbsp;&nbsp;11200 | &nbsp;&nbsp;&nbsp;&nbsp;195695 |
| Hua Nan Financial Holdings Company, Ltd. | 313400 | &nbsp;&nbsp;&nbsp;&nbsp;309265 |
| Innolux Corp. | 261495 | &nbsp;&nbsp;&nbsp;&nbsp;141910 |
| International Games System Company, Ltd. | &nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;206493 |
| Inventec Corp. | &nbsp;&nbsp;89899 | &nbsp;&nbsp;&nbsp;&nbsp;122595 |
| Jentech Precision Industrial Company, Ltd. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;261583 |
| KGI Financial Holding Company, Ltd. | 558664 | &nbsp;&nbsp;&nbsp;&nbsp;306281 |
| King Slide Works Company, Ltd. | &nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;191055 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 44 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Taiwan (continued)** |  |  |
| King Yuan Electronics Company, Ltd. | &nbsp;&nbsp;37000 | $&nbsp;&nbsp;&nbsp;&nbsp;291260 |
| Largan Precision Company, Ltd. | &nbsp;&nbsp;&nbsp;3143 | &nbsp;&nbsp;&nbsp;&nbsp;248719 |
| Lite-On Technology Corp. | &nbsp;&nbsp;67626 | &nbsp;&nbsp;&nbsp;&nbsp;351812 |
| Lotes Company, Ltd. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;123695 |
| MediaTek, Inc. | &nbsp;&nbsp;54340 | &nbsp;&nbsp;&nbsp;2467318 |
| Mega Financial Holding Company, Ltd. | 422973 | &nbsp;&nbsp;&nbsp;&nbsp;538625 |
| Nan Ya Plastics Corp. | 190992 | &nbsp;&nbsp;&nbsp;&nbsp;365219 |
| Nien Made Enterprise Company, Ltd. | &nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68914 |
| Novatek Microelectronics Corp. | &nbsp;&nbsp;20361 | &nbsp;&nbsp;&nbsp;&nbsp;242084 |
| Pegatron Corp. | &nbsp;&nbsp;69989 | &nbsp;&nbsp;&nbsp;&nbsp;152676 |
| PharmaEssentia Corp. | &nbsp;&nbsp;&nbsp;9987 | &nbsp;&nbsp;&nbsp;&nbsp;149184 |
| President Chain Store Corp. | &nbsp;&nbsp;19496 | &nbsp;&nbsp;&nbsp;&nbsp;137267 |
| Quanta Computer, Inc. | &nbsp;&nbsp;96771 | &nbsp;&nbsp;&nbsp;&nbsp;835800 |
| Realtek Semiconductor Corp. | &nbsp;&nbsp;16999 | &nbsp;&nbsp;&nbsp;&nbsp;263938 |
| SinoPac Financial Holdings Company, Ltd. | 407657 | &nbsp;&nbsp;&nbsp;&nbsp;370881 |
| Taiwan Business Bank | 249314 | &nbsp;&nbsp;&nbsp;&nbsp;126989 |
| Taiwan Cooperative Financial Holding Company, Ltd. | 377658 | &nbsp;&nbsp;&nbsp;&nbsp;292027 |
| Taiwan High Speed Rail Corp. | &nbsp;&nbsp;66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58804 |
| Taiwan Mobile Company, Ltd. | &nbsp;&nbsp;63257 | &nbsp;&nbsp;&nbsp;&nbsp;218250 |
| Taiwan Semiconductor Manufacturing Company, Ltd. | 872227 | 42876308 |
| TCC Group Holdings Company, Ltd. | 232594 | &nbsp;&nbsp;&nbsp;&nbsp;171539 |
| Teco Electric & Machinery Company, Ltd. | &nbsp;&nbsp;38000 | &nbsp;&nbsp;&nbsp;&nbsp;101829 |
| The Shanghai Commercial & Savings Bank, Ltd. | 133142 | &nbsp;&nbsp;&nbsp;&nbsp;171928 |
| TS Financial Holding Company, Ltd. | 775662 | &nbsp;&nbsp;&nbsp;&nbsp;503559 |
| Unimicron Technology Corp. | &nbsp;&nbsp;47000 | &nbsp;&nbsp;&nbsp;&nbsp;328194 |
| Uni-President Enterprises Corp. | 172487 | &nbsp;&nbsp;&nbsp;&nbsp;422929 |
| United Microelectronics Corp. | 397313 | &nbsp;&nbsp;&nbsp;&nbsp;620438 |
| Vanguard International Semiconductor Corp. | &nbsp;&nbsp;33837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98815 |
| Wan Hai Lines, Ltd. | &nbsp;&nbsp;22770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56913 |
| Wistron Corp. | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;477903 |
| Wiwynn Corp. | &nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;569866 |
| Yageo Corp. | &nbsp;&nbsp;57420 | &nbsp;&nbsp;&nbsp;&nbsp;420892 |
| Yang Ming Marine Transport Corp. | &nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;&nbsp;106092 |
| Yuanta Financial Holding Company, Ltd. | 369390 | &nbsp;&nbsp;&nbsp;&nbsp;461575 |
| Zhen Ding Technology Holding, Ltd. | &nbsp;&nbsp;23000 | &nbsp;&nbsp;&nbsp;&nbsp;103649 |
|  |  | 74177073 |
| **Thailand - 0.3%** |  |  |
| Advanced Info Service PCL | &nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;327694 |
| Advanced Info Service PCL, NVDR | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26811 |
| Airports of Thailand PCL | 144700 | &nbsp;&nbsp;&nbsp;&nbsp;242757 |
| Airports of Thailand PCL, NVDR | &nbsp;&nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10569 |
| Bangkok Dusit Medical Services PCL, NVDR | 387300 | &nbsp;&nbsp;&nbsp;&nbsp;237203 |
| Bumrungrad Hospital PCL, NVDR | &nbsp;&nbsp;20500 | &nbsp;&nbsp;&nbsp;&nbsp;102442 |
| Central Pattana PCL, NVDR | &nbsp;&nbsp;71100 | &nbsp;&nbsp;&nbsp;&nbsp;124495 |
| Charoen Pokphand Foods PCL | 136200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94278 |
| CP ALL PCL | 184600 | &nbsp;&nbsp;&nbsp;&nbsp;254924 |
| CP ALL PCL, NVDR | &nbsp;&nbsp;20200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27895 |
| CP AXTRA PCL, NVDR | &nbsp;&nbsp;70567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35124 |
| Delta Electronics Thailand PCL, NVDR | 113300 | &nbsp;&nbsp;&nbsp;&nbsp;618335 |
| Gulf Development PCL, NVDR (A) | 159767 | &nbsp;&nbsp;&nbsp;&nbsp;210863 |
| Kasikornbank PCL, NVDR | &nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp;&nbsp;123355 |
| Krung Thai Bank PCL | 113775 | &nbsp;&nbsp;&nbsp;&nbsp;101945 |
| Minor International PCL, NVDR | 131483 | &nbsp;&nbsp;&nbsp;&nbsp;101098 |
| PTT Exploration & Production PCL | &nbsp;&nbsp;47147 | &nbsp;&nbsp;&nbsp;&nbsp;168587 |
| PTT PCL | 329000 | &nbsp;&nbsp;&nbsp;&nbsp;334081 |
| PTT PCL, NVDR | &nbsp;&nbsp;23100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23457 |
| SCB X PCL | &nbsp;&nbsp;23348 | &nbsp;&nbsp;&nbsp;&nbsp;102901 |
| SCB X PCL, NVDR | &nbsp;&nbsp;&nbsp;6200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27325 |
| The Siam Cement PCL | &nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69854 |
| The Siam Cement PCL, NVDR | &nbsp;&nbsp;14300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83243 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Thailand (continued)** |  |  |
| TMBThanachart Bank PCL, NVDR | &nbsp;&nbsp;829800 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53157 |
| True Corp. PCL | &nbsp;&nbsp;269362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93085 |
| True Corp. PCL, NVDR | &nbsp;&nbsp;&nbsp;&nbsp;90400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31240 |
|  |  | &nbsp;&nbsp;&nbsp;3626718 |
| **Turkey - 0.1%** |  |  |
| Akbank TAS | &nbsp;&nbsp;109420 | &nbsp;&nbsp;&nbsp;&nbsp;177531 |
| Aselsan Elektronik Sanayi Ve Ticaret AS | &nbsp;&nbsp;&nbsp;&nbsp;46762 | &nbsp;&nbsp;&nbsp;&nbsp;251955 |
| BIM Birlesik Magazalar AS | &nbsp;&nbsp;&nbsp;&nbsp;16428 | &nbsp;&nbsp;&nbsp;&nbsp;205081 |
| Eregli Demir ve Celik Fabrikalari TAS | &nbsp;&nbsp;139344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77218 |
| Ford Otomotiv Sanayi AS | &nbsp;&nbsp;&nbsp;&nbsp;23900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51529 |
| Haci Omer Sabanci Holding AS | &nbsp;&nbsp;&nbsp;&nbsp;41192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80671 |
| KOC Holding AS | &nbsp;&nbsp;&nbsp;&nbsp;26797 | &nbsp;&nbsp;&nbsp;&nbsp;105134 |
| Turk Hava Yollari AO | &nbsp;&nbsp;&nbsp;&nbsp;18859 | &nbsp;&nbsp;&nbsp;&nbsp;117821 |
| Turkcell Iletisim Hizmetleri AS | &nbsp;&nbsp;&nbsp;&nbsp;42620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92282 |
| Turkiye Is Bankasi AS, Class C | &nbsp;&nbsp;336501 | &nbsp;&nbsp;&nbsp;&nbsp;110172 |
| Turkiye Petrol Rafinerileri AS | &nbsp;&nbsp;&nbsp;&nbsp;34986 | &nbsp;&nbsp;&nbsp;&nbsp;150086 |
| Yapi ve Kredi Bankasi AS (A) | &nbsp;&nbsp;118497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99779 |
|  |  | &nbsp;&nbsp;&nbsp;1519259 |
| **United Arab Emirates - 0.0%** |  |  |
| NMC Health PLC (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;4471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **United Kingdom - 8.7%** |  |  |
| 3i Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;34523 | &nbsp;&nbsp;&nbsp;1513787 |
| Admiral Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;9412 | &nbsp;&nbsp;&nbsp;&nbsp;402624 |
| Anglo American PLC | &nbsp;&nbsp;&nbsp;&nbsp;39906 | &nbsp;&nbsp;&nbsp;1650605 |
| AngloGold Ashanti PLC | &nbsp;&nbsp;&nbsp;&nbsp;17954 | &nbsp;&nbsp;&nbsp;1546194 |
| Ashtead Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;15404 | &nbsp;&nbsp;&nbsp;1050228 |
| Associated British Foods PLC | &nbsp;&nbsp;&nbsp;&nbsp;11883 | &nbsp;&nbsp;&nbsp;&nbsp;339417 |
| AstraZeneca PLC | &nbsp;&nbsp;&nbsp;&nbsp;54837 | 10148055 |
| Auto Trader Group PLC (B) | &nbsp;&nbsp;&nbsp;&nbsp;31085 | &nbsp;&nbsp;&nbsp;&nbsp;245240 |
| Aviva PLC | &nbsp;&nbsp;109085 | &nbsp;&nbsp;&nbsp;1003024 |
| BAE Systems PLC | &nbsp;&nbsp;107416 | &nbsp;&nbsp;&nbsp;2472176 |
| Barclays PLC | &nbsp;&nbsp;492216 | &nbsp;&nbsp;&nbsp;3150725 |
| Barratt Redrow PLC | &nbsp;&nbsp;&nbsp;&nbsp;48297 | &nbsp;&nbsp;&nbsp;&nbsp;248110 |
| BP PLC | &nbsp;&nbsp;555137 | &nbsp;&nbsp;&nbsp;3237526 |
| British American Tobacco PLC | &nbsp;&nbsp;&nbsp;&nbsp;77187 | &nbsp;&nbsp;&nbsp;4375766 |
| BT Group PLC | &nbsp;&nbsp;206844 | &nbsp;&nbsp;&nbsp;&nbsp;512442 |
| Bunzl PLC | &nbsp;&nbsp;&nbsp;&nbsp;11855 | &nbsp;&nbsp;&nbsp;&nbsp;331038 |
| Centrica PLC | &nbsp;&nbsp;176008 | &nbsp;&nbsp;&nbsp;&nbsp;401307 |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;117910 |
| Coca-Cola Europacific Partners PLC (Euronext Amsterdam Exchange) | &nbsp;&nbsp;&nbsp;&nbsp;5887 | &nbsp;&nbsp;&nbsp;&nbsp;535797 |
| Compass Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;60527 | &nbsp;&nbsp;&nbsp;1917794 |
| Diageo PLC | &nbsp;&nbsp;&nbsp;&nbsp;79349 | &nbsp;&nbsp;&nbsp;1709799 |
| Endeavour Mining PLC | &nbsp;&nbsp;&nbsp;&nbsp;6564 | &nbsp;&nbsp;&nbsp;&nbsp;342951 |
| Entain PLC | &nbsp;&nbsp;&nbsp;&nbsp;21740 | &nbsp;&nbsp;&nbsp;&nbsp;223470 |
| GSK PLC | &nbsp;&nbsp;143422 | &nbsp;&nbsp;&nbsp;3516294 |
| Haleon PLC | &nbsp;&nbsp;321801 | &nbsp;&nbsp;&nbsp;1626177 |
| Halma PLC | &nbsp;&nbsp;&nbsp;&nbsp;13659 | &nbsp;&nbsp;&nbsp;&nbsp;648320 |
| Hikma Pharmaceuticals PLC | &nbsp;&nbsp;&nbsp;&nbsp;5587 | &nbsp;&nbsp;&nbsp;&nbsp;116471 |
| HSBC Holdings PLC | &nbsp;&nbsp;608671 | &nbsp;&nbsp;&nbsp;9577967 |
| Imperial Brands PLC | &nbsp;&nbsp;&nbsp;&nbsp;26818 | &nbsp;&nbsp;&nbsp;1126088 |
| Informa PLC | &nbsp;&nbsp;&nbsp;&nbsp;47912 | &nbsp;&nbsp;&nbsp;&nbsp;568485 |
| InterContinental Hotels Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;5035 | &nbsp;&nbsp;&nbsp;&nbsp;707560 |
| International Consolidated Airlines Group SA | &nbsp;&nbsp;&nbsp;&nbsp;44318 | &nbsp;&nbsp;&nbsp;&nbsp;246071 |
| Intertek Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;5855 | &nbsp;&nbsp;&nbsp;&nbsp;363106 |
| J Sainsbury PLC | &nbsp;&nbsp;&nbsp;&nbsp;64488 | &nbsp;&nbsp;&nbsp;&nbsp;282535 |
| JD Sports Fashion PLC | &nbsp;&nbsp;&nbsp;&nbsp;87670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99372 |
| Kingfisher PLC | &nbsp;&nbsp;&nbsp;&nbsp;65606 | &nbsp;&nbsp;&nbsp;&nbsp;276171 |
| Land Securities Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;25882 | &nbsp;&nbsp;&nbsp;&nbsp;216413 |
| Legal & General Group PLC | &nbsp;&nbsp;209707 | &nbsp;&nbsp;&nbsp;&nbsp;738081 |
| Lloyds Banking Group PLC | 2086402 | &nbsp;&nbsp;&nbsp;2759703 |
| London Stock Exchange Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;16440 | &nbsp;&nbsp;&nbsp;1977536 |
| M&G PLC | &nbsp;&nbsp;&nbsp;&nbsp;84096 | &nbsp;&nbsp;&nbsp;&nbsp;323752 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 45 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United Kingdom (continued)** |  |  |
| Marks & Spencer Group PLC | &nbsp;&nbsp;71983 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320326 |
| Melrose Industries PLC | &nbsp;&nbsp;45639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359951 |
| Mondi PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| National Grid PLC | 174622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2678425 |
| NatWest Group PLC | 288047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2526819 |
| Next PLC | &nbsp;&nbsp;&nbsp;4249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782238 |
| Pearson PLC | &nbsp;&nbsp;21043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297526 |
| Phoenix Group Holdings PLC | &nbsp;&nbsp;25040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247891 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp;24260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1963096 |
| RELX PLC | &nbsp;&nbsp;43007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1732608 |
| RELX PLC | &nbsp;&nbsp;21327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868659 |
| Rentokil Initial PLC | &nbsp;&nbsp;88467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527835 |
| Rio Tinto PLC | &nbsp;&nbsp;40243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3241602 |
| Rolls-Royce Holdings PLC | 297176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4596021 |
| Schroders PLC | &nbsp;&nbsp;29188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159554 |
| Segro PLC | &nbsp;&nbsp;46436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449876 |
| Severn Trent PLC | &nbsp;&nbsp;&nbsp;9413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353467 |
| Shell PLC | 204768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7546132 |
| Smith & Nephew PLC | &nbsp;&nbsp;30660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509903 |
| Smiths Group PLC | &nbsp;&nbsp;12075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381934 |
| Spirax Group PLC | &nbsp;&nbsp;&nbsp;2735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249970 |
| SSE PLC | &nbsp;&nbsp;43442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1273624 |
| Standard Chartered PLC | &nbsp;&nbsp;68353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1667836 |
| Tesco PLC | 228136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1356681 |
| The Sage Group PLC | &nbsp;&nbsp;35769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520239 |
| Unilever PLC | &nbsp;&nbsp;76987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5030095 |
| United Utilities Group PLC | &nbsp;&nbsp;24018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385882 |
| Vodafone Group PLC | 668699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891378 |
| Whitbread PLC | &nbsp;&nbsp;&nbsp;6683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229060 |
| Wise PLC, Class A (A) | &nbsp;&nbsp;23957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287004 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;104081731 |
| **United States - 0.3%** |  |  |
| BeOne Medicines, Ltd., H Shares (A) | &nbsp;&nbsp;29400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676679 |
| Brookfield Asset Management, Ltd., Class A | &nbsp;&nbsp;14568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763134 |
| Brookfield Renewable Corp. | &nbsp;&nbsp;&nbsp;5150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197550 |
| Legend Biotech Corp., ADR (A) | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54350 |
| RB Global, Inc. | &nbsp;&nbsp;&nbsp;6600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679499 |
| Restaurant Brands International, Inc. | &nbsp;&nbsp;10946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746933 |
| Southern Copper Corp. | &nbsp;&nbsp;&nbsp;3146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451357 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3569502 |
| TOTAL COMMON STOCKS (Cost $667,392,247) | TOTAL COMMON STOCKS (Cost $667,392,247) | $1165405099 |
| **PREFERRED SECURITIES - 0.7%** | **PREFERRED SECURITIES - 0.7%** |  |
| **Brazil - 0.3%** |  |  |
| Axia Energia, Class B | &nbsp;&nbsp;&nbsp;7400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70789 |
| Axia Energia, Class C (A) | &nbsp;&nbsp;13207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118385 |
| Axia Energia, Preferred ADR | &nbsp;&nbsp;&nbsp;1429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13375 |
| Axia Energia, Preferred ADR, Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3238 |
| Banco Bradesco SA | 186281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609856 |
| Banco BTG Pactual SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| Cia Energetica de Minas Gerais | &nbsp;&nbsp;61322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124225 |
| Gerdau SA | &nbsp;&nbsp;46536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171748 |
| Itau Unibanco Holding SA | 195790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1399282 |
| Itausa SA | 212767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453189 |
| Localiza Rent a Car SA (A) | &nbsp;&nbsp;&nbsp;1248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9452 |
| Petroleo Brasileiro SA | 165051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926506 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900053 |
| **Chile - 0.0%** |  |  |
| Sociedad Quimica y Minera de Chile SA, B Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34519 |
| **Germany - 0.2%** |  |  |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;2090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222711 |
| Dr. Ing. h.c. F. Porsche AG (B) | &nbsp;&nbsp;&nbsp;3890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207190 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **PREFERRED SECURITIES (continued)** | **PREFERRED SECURITIES (continued)** |  |
| **Germany (continued)** |  |  |
| Henkel AG & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5936 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484287 |
| Porsche Automobil Holding SE | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265702 |
| Sartorius AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260031 |
| Volkswagen AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886366 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326287 |
| **India - 0.0%** |  |  |
| TVS Motor Company, Ltd. (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;32736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3642 |
| **South Korea - 0.2%** |  |  |
| Hyundai Motor Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113646 |
| Hyundai Motor Company, 2nd Preferred Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176838 |
| Samsung Electronics Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;28859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1791300 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2081784 |
| TOTAL PREFERRED SECURITIES (Cost $7,511,134) | TOTAL PREFERRED SECURITIES (Cost $7,511,134) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8346285 |
| **WARRANTS - 0.0%** |  |  |
| Constellation Software, Inc. (Expiration Date: 3-31-40) (A)(D)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| YTL Corp. BHD (Expiration Date: 6-2-28; Strike Price: MYR 1.50) (A) | &nbsp;&nbsp;&nbsp;&nbsp;22780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3031 |
| YTL Power International BHD (Expiration Date: 6-2-28; Strike Price: MYR 2.45) (A) | &nbsp;&nbsp;&nbsp;&nbsp;16860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3573 |
| TOTAL WARRANTS (Cost $0) | TOTAL WARRANTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6604 |
| **RIGHTS - 0.0%** |  |  |
| Unimicron Technology Corp. (Expiration Date: 1-5-26; Strike Price: TWD 116.00) (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509 |
| TOTAL RIGHTS (Cost $0) | TOTAL RIGHTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509 |
| **SHORT-TERM INVESTMENTS - 1.6%** | **SHORT-TERM INVESTMENTS - 1.6%** |  |
| **Short-term funds - 1.6%** |  |  |
| John Hancock Collateral Trust, 3.7477% (G)(H) | &nbsp;&nbsp;&nbsp;&nbsp;262053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2621629 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7247% (G) | 16570848 | &nbsp;&nbsp;&nbsp;&nbsp;16570848 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $19,192,431) | TOTAL SHORT-TERM INVESTMENTS (Cost $19,192,431) | $&nbsp;&nbsp;&nbsp;&nbsp;19192477 |
| **Total Investments (International Equity Index Trust)<br> (Cost $694,095,812) - 100.0%** | **Total Investments (International Equity Index Trust)<br> (Cost $694,095,812) - 100.0%** | $**1192953974** |
| **Other assets and liabilities, net - 0.0%** | **Other assets and liabilities, net - 0.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**550545** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | $**1193504519** |

---

---

| | |
|:---|:---|
| <u>Currency Abbreviations</u> | <u>Currency Abbreviations</u> |
| MYR | Malaysian Ringgit |
| TWD | New Taiwan Dollar |
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| BDR | Brazilian Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depositary Receipt |
| (A) | Non-income producing security. |
| (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. |
| (C) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |
| (D) | 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. |
| (E) | All or a portion of this security is on loan as of 12-31-25. |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 46 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Equity Index Trust (continued)
(F) Strike price and/or expiration date not available.

(G) The rate shown is the annualized seven-day yield as of 12-31-25.

(H) Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities
lending.

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| Mini MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$7349437 | &nbsp;&nbsp;&nbsp;&nbsp;$7400355 | &nbsp;&nbsp;&nbsp;&nbsp;$50918 |
| Mini MSCI Emerging Markets Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3636640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3669640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33000 |
| MSCI Kuwait Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2431496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2387146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44350) |
| MSCI Qatar Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;129 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2347401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2378894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31493 |
| MSCI UAE Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4981195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4961952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19243) |
| S&P/TSX 60 Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1082198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1085221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3023 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$54841** |

---

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

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

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

#### International Small Company Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS - 98.5%** | **COMMON STOCKS - 98.5%** |  |
| **Australia - 6.3%** |  |  |
| Accent Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6857 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4317 |
| Adairs, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9636 |
| AGL Energy, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87931 |
| Alcidion Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3032 |
| Alkane Resources, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22301 |
| Alliance Aviation Services, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2666 |
| AMA Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8015 |
| Amotiv, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24208 |
| AMP, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134353 |
| Amplitude Energy, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34641 |
| Ansell, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121218 |
| Appen, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3738 |
| Arafura Rare Earths, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7762 |
| ARB Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71347 |
| ARN Media, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5358 |
| Articore Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413 |
| AUB Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104600 |
| Audinate Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3307 |
| Aurelia Metals, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19271 |
| Aurizon Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33424 |
| Aussie Broadband, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31302 |
| Austal, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81179 |
| Australian Agricultural Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27051 |
| Australian Clinical Labs, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10472 |
| Australian Ethical Investment, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13708 |
| Australian Finance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21806 |
| Australian Strategic Materials, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1298 |
| AVZ Minerals, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7654 |
| Baby Bunting Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9470 |
| Bank of Queensland, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107411 |
| Bapcor, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21519 |
| Beach Energy, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50334 |
| Beacon Lighting Group, Ltd. (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12543 |
| Bega Cheese, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43926 |
| Bell Financial Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9329 |
| Bellevue Gold, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000 |
| BetMakers Technology Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1735 |
| Black Cat Syndicate, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18773 |
| Boss Energy, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14617 |
| Bravura Solutions, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33123 |
| Breville Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71735 |

---

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Australia (continued)** |  |  |
| Bubs Australia, Ltd. (A) | 33097 | $&nbsp;&nbsp;&nbsp;&nbsp;3036 |
| Capricorn Metals, Ltd. (A) | 14475 | 136956 |
| Carnarvon Energy, Ltd. (A) | 51813 | &nbsp;&nbsp;&nbsp;&nbsp;2978 |
| Cash Converters International, Ltd. | 16395 | &nbsp;&nbsp;&nbsp;&nbsp;3615 |
| Catalyst Metals, Ltd. (A) | &nbsp;&nbsp;7241 | &nbsp;&nbsp;&nbsp;35215 |
| Catapult Sports, Ltd. (A) | &nbsp;&nbsp;6067 | &nbsp;&nbsp;&nbsp;16801 |
| Cedar Woods Properties, Ltd. | &nbsp;&nbsp;3225 | &nbsp;&nbsp;&nbsp;18420 |
| Cettire, Ltd. (A) | &nbsp;&nbsp;7920 | &nbsp;&nbsp;&nbsp;&nbsp;4606 |
| Challenger, Ltd. | &nbsp;&nbsp;9327 | &nbsp;&nbsp;&nbsp;58402 |
| Champion Iron, Ltd. | 13415 | &nbsp;&nbsp;&nbsp;54032 |
| Chrysos Corp., Ltd. (A) | &nbsp;&nbsp;1788 | &nbsp;&nbsp;&nbsp;&nbsp;8804 |
| Clinuvel Pharmaceuticals, Ltd. | &nbsp;&nbsp;2335 | &nbsp;&nbsp;&nbsp;19361 |
| Clover Corp., Ltd. | &nbsp;&nbsp;8155 | &nbsp;&nbsp;&nbsp;&nbsp;4303 |
| Coast Entertainment Holdings, Ltd. (A) | 39016 | &nbsp;&nbsp;&nbsp;14345 |
| Codan, Ltd. | &nbsp;&nbsp;4936 | &nbsp;&nbsp;&nbsp;93327 |
| Collins Foods, Ltd. | &nbsp;&nbsp;5736 | &nbsp;&nbsp;&nbsp;39668 |
| Corporate Travel Management, Ltd. (B) | &nbsp;&nbsp;4156 | &nbsp;&nbsp;&nbsp;33428 |
| Credit Corp. Group, Ltd. | &nbsp;&nbsp;3047 | &nbsp;&nbsp;&nbsp;28492 |
| Dalrymple Bay Infrastructure, Ltd. | &nbsp;&nbsp;9505 | &nbsp;&nbsp;&nbsp;31742 |
| Data#3, Ltd. | &nbsp;&nbsp;5537 | &nbsp;&nbsp;&nbsp;33159 |
| Deep Yellow, Ltd. (A) | 31653 | &nbsp;&nbsp;&nbsp;38582 |
| Dicker Data, Ltd. | &nbsp;&nbsp;2871 | &nbsp;&nbsp;&nbsp;19664 |
| Domino's Pizza Enterprises, Ltd. | &nbsp;&nbsp;2592 | &nbsp;&nbsp;&nbsp;36245 |
| Downer EDI, Ltd. | 26043 | 137614 |
| Dyno Nobel, Ltd. | 24673 | &nbsp;&nbsp;&nbsp;52737 |
| Eagers Automotive, Ltd. | &nbsp;&nbsp;5306 | &nbsp;&nbsp;&nbsp;87049 |
| Elders, Ltd. | &nbsp;&nbsp;8962 | &nbsp;&nbsp;&nbsp;40870 |
| Emeco Holdings, Ltd. (A) | 22924 | &nbsp;&nbsp;&nbsp;18873 |
| Emerald Resources NL (A) | 21418 | &nbsp;&nbsp;&nbsp;89092 |
| EML Payments, Ltd. (A) | 16327 | &nbsp;&nbsp;&nbsp;10043 |
| Enero Group, Ltd. | &nbsp;&nbsp;3952 | &nbsp;&nbsp;&nbsp;&nbsp;1664 |
| EQT Holdings, Ltd. | &nbsp;&nbsp;1030 | &nbsp;&nbsp;&nbsp;16357 |
| EVT, Ltd. | &nbsp;&nbsp;4108 | &nbsp;&nbsp;&nbsp;34308 |
| Finbar Group, Ltd. | &nbsp;&nbsp;8370 | &nbsp;&nbsp;&nbsp;&nbsp;4743 |
| FleetPartners Group, Ltd. | &nbsp;&nbsp;3145 | &nbsp;&nbsp;&nbsp;&nbsp;5938 |
| Fleetwood, Ltd. | &nbsp;&nbsp;8058 | &nbsp;&nbsp;&nbsp;14287 |
| Flight Centre Travel Group, Ltd. | &nbsp;&nbsp;6231 | &nbsp;&nbsp;&nbsp;62258 |
| Frontier Digital Ventures, Ltd. (A)(C) | 11391 | &nbsp;&nbsp;&nbsp;&nbsp;1971 |
| G8 Education, Ltd. | 23703 | &nbsp;&nbsp;&nbsp;10899 |
| Galan Lithium, Ltd. (A)(C) | 24061 | &nbsp;&nbsp;&nbsp;&nbsp;5112 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 47 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Australia (continued)** |  |  |
| Galan Lithium, Ltd., Additional Offering (A) | &nbsp;&nbsp;1236 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Generation Development Group, Ltd. | &nbsp;&nbsp;9919 | 38855 |
| Genesis Minerals, Ltd. (A) | &nbsp;&nbsp;3341 | 15982 |
| GrainCorp, Ltd., Class A | &nbsp;&nbsp;9793 | 46842 |
| Grange Resources, Ltd. (A) | 21083 | &nbsp;&nbsp;&nbsp;4007 |
| GWA Group, Ltd. | 12453 | 21089 |
| Hansen Technologies, Ltd. | &nbsp;&nbsp;6495 | 22857 |
| Healius, Ltd. | 30121 | 18147 |
| Helia Group, Ltd. | 14393 | 52757 |
| Highfield Resources, Ltd. (A) | 13495 | &nbsp;&nbsp;&nbsp;&nbsp;385 |
| Humm Group, Ltd. | 30307 | 14097 |
| IDP Education, Ltd. | &nbsp;&nbsp;7627 | 29309 |
| IGO, Ltd. (A) | 11182 | 60940 |
| Iluka Resources, Ltd. | 10545 | 40538 |
| Imdex, Ltd. | 25654 | 58640 |
| Immutep, Ltd. (A) | 32224 | &nbsp;&nbsp;&nbsp;8910 |
| Inghams Group, Ltd. | 13624 | 22599 |
| Insignia Financial, Ltd. (A) | 28538 | 86597 |
| Integral Diagnostics, Ltd. | 19333 | 32711 |
| Ioneer, Ltd. (A) | 69038 | &nbsp;&nbsp;&nbsp;8481 |
| IPH, Ltd. | 11409 | 26737 |
| IRESS, Ltd. | &nbsp;&nbsp;4820 | 27225 |
| IVE Group, Ltd. | 11452 | 22987 |
| Judo Capital Holdings, Ltd. (A) | 10800 | 12375 |
| Jumbo Interactive, Ltd. | &nbsp;&nbsp;2253 | 17277 |
| Jupiter Mines, Ltd. | 72822 | 13329 |
| Karoon Energy, Ltd. | 26749 | 27466 |
| Kelsian Group, Ltd. | &nbsp;&nbsp;8384 | 23736 |
| Kingsgate Consolidated, Ltd. (A) | &nbsp;&nbsp;3292 | 12294 |
| Kogan.com, Ltd. | &nbsp;&nbsp;2069 | &nbsp;&nbsp;&nbsp;5059 |
| L1 Group, Ltd. | 25112 | 17857 |
| Lendlease Corp., Ltd. | 20814 | 71918 |
| Lifestyle Communities, Ltd. (A) | &nbsp;&nbsp;4954 | 16604 |
| Lindsay Australia, Ltd. | 23080 | 10848 |
| Lovisa Holdings, Ltd. | &nbsp;&nbsp;3010 | 58617 |
| Lycopodium, Ltd. | &nbsp;&nbsp;1317 | 12111 |
| MA Financial Group, Ltd. | &nbsp;&nbsp;4146 | 30089 |
| Macmahon Holdings, Ltd. | 75912 | 33637 |
| Macquarie Technology Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;470 | 20816 |
| Magellan Financial Group, Ltd. | &nbsp;&nbsp;5757 | 38213 |
| Mayne Pharma Group, Ltd. (A) | &nbsp;&nbsp;4957 | 10273 |
| McMillan Shakespeare, Ltd. | &nbsp;&nbsp;2468 | 28045 |
| Megaport, Ltd. (A) | &nbsp;&nbsp;6641 | 53664 |
| Mesoblast, Ltd. (A) | 37977 | 68642 |
| Metals X, Ltd. (A) | 48765 | 36115 |
| Metcash, Ltd. | 41758 | 91822 |
| MGX Resources, Ltd. (A) | 19096 | &nbsp;&nbsp;&nbsp;5800 |
| Michael Hill International, Ltd. (A) | 16629 | &nbsp;&nbsp;&nbsp;3834 |
| Monadelphous Group, Ltd. | &nbsp;&nbsp;4455 | 78658 |
| Monash IVF Group, Ltd. | 21798 | 10675 |
| Myer Holdings, Ltd. | 56935 | 18028 |
| MyState, Ltd. | &nbsp;&nbsp;7153 | 21837 |
| Nanosonics, Ltd. (A) | &nbsp;&nbsp;2276 | &nbsp;&nbsp;&nbsp;6029 |
| Navigator Global Investments, Ltd. | 11684 | 23060 |
| Neuren Pharmaceuticals, Ltd. (A) | &nbsp;&nbsp;2646 | 32684 |
| New Hope Corp., Ltd. | 23547 | 63170 |
| nib holdings, Ltd. | 20171 | 92174 |
| Nick Scali, Ltd. | &nbsp;&nbsp;2772 | 43483 |
| Nickel Industries, Ltd. | 57059 | 31636 |
| Nine Entertainment Company Holdings, Ltd. | 57796 | 42693 |
| NRW Holdings, Ltd. | 19940 | 68295 |
| Nufarm, Ltd. (A) | 14586 | 22806 |
| Nuix, Ltd. (A) | 10473 | 12471 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Australia (continued)** |  |  |
| Objective Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;921 | $&nbsp;&nbsp;&nbsp;10129 |
| OFX Group, Ltd. (A) | &nbsp;&nbsp;14134 | &nbsp;&nbsp;&nbsp;&nbsp;4557 |
| Omni Bridgeway, Ltd. (A) | &nbsp;&nbsp;15737 | &nbsp;&nbsp;&nbsp;15308 |
| oOh!media, Ltd. | &nbsp;&nbsp;31712 | &nbsp;&nbsp;&nbsp;27495 |
| Ora Banda Mining, Ltd. (A) | &nbsp;&nbsp;35710 | &nbsp;&nbsp;&nbsp;36098 |
| Orora, Ltd. | &nbsp;&nbsp;56536 | &nbsp;&nbsp;&nbsp;83183 |
| Pacific Current Group, Ltd. | &nbsp;&nbsp;&nbsp;1717 | &nbsp;&nbsp;&nbsp;11456 |
| Paladin Energy, Ltd. (A) | &nbsp;&nbsp;&nbsp;8134 | &nbsp;&nbsp;&nbsp;51557 |
| Paladin Energy, Ltd. (Toronto Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;2098 | &nbsp;&nbsp;&nbsp;13268 |
| Pantoro Gold, Ltd. (A) | &nbsp;&nbsp;16901 | &nbsp;&nbsp;&nbsp;54574 |
| Peet, Ltd. | &nbsp;&nbsp;13800 | &nbsp;&nbsp;&nbsp;18183 |
| PeopleIN, Ltd. (A) | &nbsp;&nbsp;&nbsp;5305 | &nbsp;&nbsp;&nbsp;&nbsp;3149 |
| Perenti, Ltd. | &nbsp;&nbsp;35432 | &nbsp;&nbsp;&nbsp;65765 |
| Perpetual, Ltd. | &nbsp;&nbsp;&nbsp;3944 | &nbsp;&nbsp;&nbsp;48928 |
| Perseus Mining, Ltd. | &nbsp;&nbsp;30130 | 113270 |
| PEXA Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;4479 | &nbsp;&nbsp;&nbsp;40092 |
| Praemium, Ltd. | &nbsp;&nbsp;28131 | &nbsp;&nbsp;&nbsp;14891 |
| Premier Investments, Ltd. | &nbsp;&nbsp;&nbsp;2387 | &nbsp;&nbsp;&nbsp;21899 |
| Propel Funeral Partners, Ltd. | &nbsp;&nbsp;&nbsp;3234 | &nbsp;&nbsp;&nbsp;10624 |
| PWR Holdings, Ltd. | &nbsp;&nbsp;&nbsp;3396 | &nbsp;&nbsp;&nbsp;17769 |
| Ramelius Resources, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;&nbsp;1521 |
| ReadyTech Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;4809 | &nbsp;&nbsp;&nbsp;&nbsp;7860 |
| Regis Healthcare, Ltd. | &nbsp;&nbsp;&nbsp;5443 | &nbsp;&nbsp;&nbsp;25223 |
| Regis Resources, Ltd. | &nbsp;&nbsp;35749 | 178298 |
| Resolute Mining, Ltd. (A) | &nbsp;&nbsp;88090 | &nbsp;&nbsp;&nbsp;71347 |
| Ridley Corp., Ltd. | &nbsp;&nbsp;14265 | &nbsp;&nbsp;&nbsp;25223 |
| RPMGlobal Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;6670 | &nbsp;&nbsp;&nbsp;22005 |
| Sandfire Resources, Ltd. (A) | &nbsp;&nbsp;&nbsp;7649 | &nbsp;&nbsp;&nbsp;90857 |
| Select Harvests, Ltd. (A) | &nbsp;&nbsp;&nbsp;8313 | &nbsp;&nbsp;&nbsp;27683 |
| Servcorp, Ltd. | &nbsp;&nbsp;&nbsp;3171 | &nbsp;&nbsp;&nbsp;14391 |
| Service Stream, Ltd. | &nbsp;&nbsp;27275 | &nbsp;&nbsp;&nbsp;40727 |
| Seven West Media, Ltd. (A) | &nbsp;&nbsp;85038 | &nbsp;&nbsp;&nbsp;&nbsp;7098 |
| Silver Mines, Ltd. (A) | 104917 | &nbsp;&nbsp;&nbsp;15305 |
| Silver Mines, Ltd., Additional Offering (A) | &nbsp;&nbsp;&nbsp;3879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 |
| Sims, Ltd. | &nbsp;&nbsp;&nbsp;7974 | &nbsp;&nbsp;&nbsp;95146 |
| SiteMinder, Ltd. (A) | &nbsp;&nbsp;&nbsp;2389 | &nbsp;&nbsp;&nbsp;&nbsp;9649 |
| SmartGroup Corp., Ltd. | &nbsp;&nbsp;&nbsp;4810 | &nbsp;&nbsp;&nbsp;29246 |
| Solvar, Ltd. | &nbsp;&nbsp;10468 | &nbsp;&nbsp;&nbsp;12157 |
| Southern Cross Electrical Engineering, Ltd. | &nbsp;&nbsp;14135 | &nbsp;&nbsp;&nbsp;23562 |
| Southern Cross Media Group, Ltd. | &nbsp;&nbsp;17291 | &nbsp;&nbsp;&nbsp;&nbsp;9106 |
| SRG Global, Ltd. | &nbsp;&nbsp;13828 | &nbsp;&nbsp;&nbsp;27629 |
| St. Barbara, Ltd. (A) | &nbsp;&nbsp;43956 | &nbsp;&nbsp;&nbsp;16886 |
| Stanmore Resources, Ltd. | &nbsp;&nbsp;&nbsp;9875 | &nbsp;&nbsp;&nbsp;15247 |
| Strike Energy, Ltd. (A) | 118299 | &nbsp;&nbsp;&nbsp;&nbsp;8282 |
| Super Retail Group, Ltd. | &nbsp;&nbsp;&nbsp;5206 | &nbsp;&nbsp;&nbsp;55575 |
| Superloop, Ltd. (A) | &nbsp;&nbsp;16944 | &nbsp;&nbsp;&nbsp;29269 |
| Supply Network, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;459 | &nbsp;&nbsp;&nbsp;&nbsp;9913 |
| Syrah Resources, Ltd. (A) | &nbsp;&nbsp;77748 | &nbsp;&nbsp;&nbsp;17341 |
| Tabcorp Holdings, Ltd. | &nbsp;&nbsp;93926 | &nbsp;&nbsp;&nbsp;61736 |
| Temple & Webster Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;489 | &nbsp;&nbsp;&nbsp;&nbsp;4446 |
| Ten Sixty Four, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;8127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464 |
| Tuas, Ltd. (A) | &nbsp;&nbsp;&nbsp;7481 | &nbsp;&nbsp;&nbsp;35222 |
| Tyro Payments, Ltd. (A) | &nbsp;&nbsp;10423 | &nbsp;&nbsp;&nbsp;&nbsp;6961 |
| Vault Minerals, Ltd. (A) | &nbsp;&nbsp;&nbsp;6048 | &nbsp;&nbsp;&nbsp;21768 |
| Ventia Services Group Pty, Ltd. | &nbsp;&nbsp;27017 | 107126 |
| Viva Energy Group, Ltd. (D) | &nbsp;&nbsp;28271 | &nbsp;&nbsp;&nbsp;38576 |
| Vulcan Energy Resources, Ltd. (A)(C) | &nbsp;&nbsp;&nbsp;9500 | &nbsp;&nbsp;&nbsp;27901 |
| Washington H. Soul Pattinson & Company, Ltd. | &nbsp;&nbsp;&nbsp;2435 | &nbsp;&nbsp;&nbsp;60250 |
| WEB Travel Group, Ltd. (A) | &nbsp;&nbsp;16369 | &nbsp;&nbsp;&nbsp;52065 |
| Webjet Group, Ltd. | &nbsp;&nbsp;16369 | &nbsp;&nbsp;&nbsp;&nbsp;9581 |
| West African Resources, Ltd. (A) | &nbsp;&nbsp;52899 | 104715 |
| Westgold Resources, Ltd. | &nbsp;&nbsp;30316 | 128758 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 48 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Australia (continued)** |  |  |
| Westgold Resources, Ltd. (Toronto Stock Exchange) | 12115 | $&nbsp;&nbsp;&nbsp;&nbsp;50930 |
| Whitehaven Coal, Ltd. | 22546 | &nbsp;&nbsp;&nbsp;&nbsp;116056 |
| Zip Company, Ltd. (A) | 49768 | &nbsp;&nbsp;&nbsp;&nbsp;108029 |
|  |  | 7128936 |
| **Austria - 1.6%** |  |  |
| Addiko Bank AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;17661 |
| Agrana Beteiligungs AG | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9262 |
| ams-OSRAM AG (A) | &nbsp;&nbsp;2043 | &nbsp;&nbsp;&nbsp;&nbsp;19860 |
| ANDRITZ AG | &nbsp;&nbsp;2533 | &nbsp;&nbsp;&nbsp;&nbsp;197519 |
| AT&S Austria Technologie & Systemtechnik AG (A) | &nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;&nbsp;44478 |
| BAWAG Group AG (A)(D) | &nbsp;&nbsp;3264 | &nbsp;&nbsp;&nbsp;&nbsp;491603 |
| CA Immobilien Anlagen AG | &nbsp;&nbsp;1426 | &nbsp;&nbsp;&nbsp;&nbsp;37565 |
| CPI Europe AG (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp;17407 |
| DO & Company AG | &nbsp;&nbsp;&nbsp;&nbsp;278 | &nbsp;&nbsp;&nbsp;&nbsp;67558 |
| Eurotelesites AG (A) | &nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5968 |
| EVN AG | &nbsp;&nbsp;1321 | &nbsp;&nbsp;&nbsp;&nbsp;41966 |
| Fabasoft AG | &nbsp;&nbsp;&nbsp;&nbsp;599 | &nbsp;&nbsp;&nbsp;&nbsp;11161 |
| FACC AG (A) | &nbsp;&nbsp;1116 | &nbsp;&nbsp;&nbsp;&nbsp;14978 |
| Kapsch TrafficCom AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1297 |
| Kontron AG (C) | &nbsp;&nbsp;1320 | &nbsp;&nbsp;&nbsp;&nbsp;35038 |
| Lenzing AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;566 | &nbsp;&nbsp;&nbsp;&nbsp;15481 |
| Mayr Melnhof Karton AG | &nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;&nbsp;32821 |
| Oesterreichische Post AG | &nbsp;&nbsp;1378 | &nbsp;&nbsp;&nbsp;&nbsp;50260 |
| Palfinger AG | &nbsp;&nbsp;&nbsp;&nbsp;876 | &nbsp;&nbsp;&nbsp;&nbsp;34085 |
| POLYTEC Holding AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3852 |
| Porr AG | &nbsp;&nbsp;&nbsp;&nbsp;876 | &nbsp;&nbsp;&nbsp;&nbsp;32946 |
| RHI Magnesita NV | &nbsp;&nbsp;&nbsp;&nbsp;552 | &nbsp;&nbsp;&nbsp;&nbsp;20581 |
| SBO AG | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;14207 |
| Semperit AG Holding | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;11993 |
| Strabag SE, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;23282 |
| Telekom Austria AG | &nbsp;&nbsp;4306 | &nbsp;&nbsp;&nbsp;&nbsp;45486 |
| UBM Development AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9549 |
| UNIQA Insurance Group AG | &nbsp;&nbsp;3329 | &nbsp;&nbsp;&nbsp;&nbsp;60165 |
| Vienna Insurance Group AG | &nbsp;&nbsp;1157 | &nbsp;&nbsp;&nbsp;&nbsp;91121 |
| voestalpine AG | &nbsp;&nbsp;4248 | &nbsp;&nbsp;&nbsp;&nbsp;187084 |
| Wienerberger AG | &nbsp;&nbsp;4106 | &nbsp;&nbsp;&nbsp;&nbsp;146516 |
| Zumtobel Group AG | &nbsp;&nbsp;2545 | &nbsp;&nbsp;&nbsp;&nbsp;10193 |
|  |  | 1802943 |
| **Belgium - 1.5%** |  |  |
| Ackermans & van Haaren NV | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;237579 |
| Ageas SA/NV | &nbsp;&nbsp;1207 | &nbsp;&nbsp;&nbsp;&nbsp;84563 |
| AGFA-Gevaert NV (A) | &nbsp;&nbsp;6780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4008 |
| Atenor (A) | &nbsp;&nbsp;1218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3463 |
| Azelis Group NV | &nbsp;&nbsp;2791 | &nbsp;&nbsp;&nbsp;&nbsp;30493 |
| Barco NV | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;31882 |
| Bekaert SA | &nbsp;&nbsp;1389 | &nbsp;&nbsp;&nbsp;&nbsp;61496 |
| Biocartis Group NV (A)(B)(D) | &nbsp;&nbsp;4063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| bpost SA (A) | &nbsp;&nbsp;4236 | &nbsp;&nbsp;&nbsp;&nbsp;10132 |
| Cie d'Entreprises CFE | &nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4183 |
| CMB Tech NV | &nbsp;&nbsp;2614 | &nbsp;&nbsp;&nbsp;&nbsp;25447 |
| Colruyt Group N.V | &nbsp;&nbsp;1453 | &nbsp;&nbsp;&nbsp;&nbsp;53796 |
| Deceuninck NV | &nbsp;&nbsp;2515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6680 |
| Deme Group NV | &nbsp;&nbsp;&nbsp;&nbsp;303 | &nbsp;&nbsp;&nbsp;&nbsp;49480 |
| D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;471 | &nbsp;&nbsp;&nbsp;&nbsp;84837 |
| Econocom Group SA/NV | &nbsp;&nbsp;6435 | &nbsp;&nbsp;&nbsp;&nbsp;12452 |
| Elia Group SA/NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257 |
| EVS Broadcast Equipment SA | &nbsp;&nbsp;&nbsp;&nbsp;404 | &nbsp;&nbsp;&nbsp;&nbsp;17444 |
| Fagron | &nbsp;&nbsp;2712 | &nbsp;&nbsp;&nbsp;&nbsp;67666 |
| Galapagos NV (A) | &nbsp;&nbsp;1566 | &nbsp;&nbsp;&nbsp;&nbsp;51412 |
| Gimv NV | &nbsp;&nbsp;1162 | &nbsp;&nbsp;&nbsp;&nbsp;60820 |
| Immobel SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5760 |
| Ion Beam Applications | &nbsp;&nbsp;1305 | &nbsp;&nbsp;&nbsp;&nbsp;19721 |
| Kinepolis Group NV | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;20564 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Belgium (continued)** |  |  |
| Lotus Bakeries NV | &nbsp;&nbsp;&nbsp;&nbsp;11 | $&nbsp;&nbsp;&nbsp;&nbsp;101251 |
| Melexis NV | &nbsp;&nbsp;&nbsp;&nbsp;863 | &nbsp;&nbsp;&nbsp;&nbsp;57927 |
| Nyxoah SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560 |
| Ontex Group NV (A)(C) | &nbsp;&nbsp;2807 | &nbsp;&nbsp;&nbsp;&nbsp;16114 |
| Orange Belgium SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9456 |
| Proximus SADP | &nbsp;&nbsp;6084 | &nbsp;&nbsp;&nbsp;&nbsp;50526 |
| Recticel SA | &nbsp;&nbsp;2296 | &nbsp;&nbsp;&nbsp;&nbsp;26325 |
| Sipef NV | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;40029 |
| Solvay SA | &nbsp;&nbsp;2586 | &nbsp;&nbsp;&nbsp;&nbsp;82280 |
| Syensqo SA | &nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;56149 |
| Tessenderlo Group SA | &nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;34086 |
| Umicore SA | &nbsp;&nbsp;3845 | &nbsp;&nbsp;&nbsp;&nbsp;80375 |
| Van de Velde NV | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;13311 |
| VGP NV | &nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;71296 |
| Viohalco SA | &nbsp;&nbsp;7173 | &nbsp;&nbsp;&nbsp;&nbsp;99729 |
| X-Fab Silicon Foundries SE (A)(D) | &nbsp;&nbsp;3484 | &nbsp;&nbsp;&nbsp;&nbsp;21060 |
|  |  | 1707609 |
| **Bermuda - 0.3%** |  |  |
| FLEX LNG, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7335 |
| FLEX LNG, Ltd. (New York Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;12226 |
| Hiscox, Ltd. | 13525 | &nbsp;&nbsp;&nbsp;&nbsp;258609 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;278170 |
| **Cambodia - 0.0%** |  |  |
| NagaCorp, Ltd. | 52981 | &nbsp;&nbsp;&nbsp;&nbsp;31754 |
| **Canada - 13.2%** |  |  |
| 5N Plus, Inc. (A) | &nbsp;&nbsp;3515 | &nbsp;&nbsp;&nbsp;&nbsp;45380 |
| Acadian Timber Corp. (C) | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9267 |
| ADENTRA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;11116 |
| Advantage Energy, Ltd. (A) | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;76981 |
| Aecon Group, Inc. | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;72927 |
| Ag Growth International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4547 |
| AGF Management, Ltd., Class B | &nbsp;&nbsp;4298 | &nbsp;&nbsp;&nbsp;&nbsp;50979 |
| Aimia, Inc. (A) | &nbsp;&nbsp;7777 | &nbsp;&nbsp;&nbsp;&nbsp;15298 |
| Air Canada (A) | &nbsp;&nbsp;6092 | &nbsp;&nbsp;&nbsp;&nbsp;85618 |
| AirBoss of America Corp. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5071 |
| Algoma Central Corp. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9639 |
| Algoma Steel Group, Inc. | &nbsp;&nbsp;1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4507 |
| Algonquin Power & Utilities Corp. (C) | 20386 | &nbsp;&nbsp;&nbsp;&nbsp;125356 |
| Allied Gold Corp. (A) | &nbsp;&nbsp;1591 | &nbsp;&nbsp;&nbsp;&nbsp;36455 |
| AltaGas, Ltd. | &nbsp;&nbsp;4040 | &nbsp;&nbsp;&nbsp;&nbsp;123182 |
| Altius Minerals Corp. | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;50583 |
| Altus Group, Ltd. | &nbsp;&nbsp;2018 | &nbsp;&nbsp;&nbsp;&nbsp;83378 |
| Amerigo Resources, Ltd. | 13502 | &nbsp;&nbsp;&nbsp;&nbsp;44661 |
| Andrew Peller, Ltd., Class A | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8881 |
| Aritzia, Inc. (A) | &nbsp;&nbsp;3753 | &nbsp;&nbsp;&nbsp;&nbsp;320873 |
| Atco, Ltd., Class I | &nbsp;&nbsp;3218 | &nbsp;&nbsp;&nbsp;&nbsp;132185 |
| Athabasca Oil Corp. (A) | 22874 | &nbsp;&nbsp;&nbsp;&nbsp;117157 |
| ATS Corp. (A) | &nbsp;&nbsp;3447 | &nbsp;&nbsp;&nbsp;&nbsp;94955 |
| AutoCanada, Inc. (A) | &nbsp;&nbsp;1085 | &nbsp;&nbsp;&nbsp;&nbsp;18695 |
| B2Gold Corp. | 49963 | &nbsp;&nbsp;&nbsp;&nbsp;224962 |
| B2Gold Corp. (NYSE American Exchange) | &nbsp;&nbsp;5393 | &nbsp;&nbsp;&nbsp;&nbsp;24322 |
| Badger Infrastructure Solutions, Ltd. | &nbsp;&nbsp;1832 | &nbsp;&nbsp;&nbsp;&nbsp;97610 |
| Ballard Power Systems, Inc. (A)(C) | &nbsp;&nbsp;9718 | &nbsp;&nbsp;&nbsp;&nbsp;24781 |
| Bausch Health Companies, Inc. (A) | &nbsp;&nbsp;8857 | &nbsp;&nbsp;&nbsp;&nbsp;61497 |
| Baytex Energy Corp. (C) | 16664 | &nbsp;&nbsp;&nbsp;&nbsp;53906 |
| Birch Mountain Resources, Ltd. (A)(B) | &nbsp;&nbsp;9200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Birchcliff Energy, Ltd. | 11933 | &nbsp;&nbsp;&nbsp;&nbsp;64944 |
| Bird Construction, Inc. | &nbsp;&nbsp;2754 | &nbsp;&nbsp;&nbsp;&nbsp;57225 |
| Bitfarms, Ltd. (A)(C) | &nbsp;&nbsp;9400 | &nbsp;&nbsp;&nbsp;&nbsp;22121 |
| Black Diamond Group, Ltd. | &nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;29372 |
| BlackBerry, Ltd. (A) | 13922 | &nbsp;&nbsp;&nbsp;&nbsp;52542 |
| BMTC Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4685 |
| Boralex, Inc., Class A | &nbsp;&nbsp;4010 | &nbsp;&nbsp;&nbsp;&nbsp;74003 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 49 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Canada (continued)** |  |  |
| BRP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;696 | $&nbsp;&nbsp;&nbsp;49213 |
| CAE, Inc. (A) | &nbsp;&nbsp;7938 | 241399 |
| Calian Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;24472 |
| Canaccord Genuity Group, Inc. | &nbsp;&nbsp;5281 | &nbsp;&nbsp;&nbsp;42554 |
| Canacol Energy, Ltd. (A) | &nbsp;&nbsp;1513 | &nbsp;&nbsp;&nbsp;&nbsp;1687 |
| Canada Goose Holdings, Inc. (A) | &nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;28683 |
| Canada Packers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;854 | &nbsp;&nbsp;&nbsp;10011 |
| Canadian Tire Corp., Ltd., Class A | &nbsp;&nbsp;1222 | 154861 |
| Canadian Utilities, Ltd., Class A | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;62264 |
| Canfor Corp. (A) | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;20545 |
| Capital Power Corp. (C) | &nbsp;&nbsp;5327 | 227238 |
| Capstone Copper Corp. (A) | 22835 | 229257 |
| Cardinal Energy, Ltd. | &nbsp;&nbsp;5530 | &nbsp;&nbsp;&nbsp;35012 |
| Cascades, Inc. | &nbsp;&nbsp;4523 | &nbsp;&nbsp;&nbsp;41060 |
| Centerra Gold, Inc. | &nbsp;&nbsp;9077 | 130678 |
| CES Energy Solutions Corp. | 10313 | &nbsp;&nbsp;&nbsp;92194 |
| China Gold International Resources Corp., Ltd. | 18050 | 363222 |
| Cineplex, Inc. (A) | &nbsp;&nbsp;1227 | &nbsp;&nbsp;&nbsp;&nbsp;9422 |
| Cogeco Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;563 | &nbsp;&nbsp;&nbsp;27265 |
| Colliers International Group, Inc. | &nbsp;&nbsp;1000 | 146982 |
| Computer Modelling Group, Ltd. | &nbsp;&nbsp;4420 | &nbsp;&nbsp;&nbsp;16810 |
| Corby Spirit and Wine, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;7548 |
| Cronos Group, Inc. (A) | &nbsp;&nbsp;5470 | &nbsp;&nbsp;&nbsp;14347 |
| Cronos Group, Inc. (Nasdaq Exchange) (A) | &nbsp;&nbsp;7260 | &nbsp;&nbsp;&nbsp;19094 |
| Definity Financial Corp. | &nbsp;&nbsp;2578 | 142616 |
| Dexterra Group, Inc. | &nbsp;&nbsp;1621 | &nbsp;&nbsp;&nbsp;13747 |
| Docebo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp;7109 |
| Doman Building Materials Group, Ltd. | &nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;24550 |
| Dorel Industries, Inc., Class B (A) | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;1954 |
| DPM Metals, Inc. | &nbsp;&nbsp;8487 | 262299 |
| DREAM Unlimited Corp., Class A | &nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;18983 |
| Dye & Durham, Ltd. | &nbsp;&nbsp;2990 | &nbsp;&nbsp;&nbsp;&nbsp;9084 |
| E-L Financial Corp., Ltd. | &nbsp;&nbsp;8900 | 105499 |
| Eldorado Gold Corp. (A) | &nbsp;&nbsp;8268 | 297155 |
| Eldorado Gold Corp. (New York Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;25144 |
| Empire Company, Ltd., Class A | &nbsp;&nbsp;2378 | &nbsp;&nbsp;&nbsp;82677 |
| Endeavour Silver Corp. (A) | &nbsp;&nbsp;3508 | &nbsp;&nbsp;&nbsp;32996 |
| Enerflex, Ltd. | &nbsp;&nbsp;5377 | &nbsp;&nbsp;&nbsp;82895 |
| Enghouse Systems, Ltd. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;26701 |
| Ensign Energy Services, Inc. (A) | &nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;18136 |
| EQB, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;958 | &nbsp;&nbsp;&nbsp;72512 |
| Equinox Gold Corp. (A) | &nbsp;&nbsp;5764 | &nbsp;&nbsp;&nbsp;81008 |
| ERO Copper Corp. (A)(C) | &nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;96187 |
| Evertz Technologies, Ltd. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;19159 |
| Exchange Income Corp. | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;43770 |
| Exco Technologies, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;7508 |
| Extendicare, Inc. | &nbsp;&nbsp;3780 | &nbsp;&nbsp;&nbsp;58798 |
| Fiera Capital Corp. | &nbsp;&nbsp;5935 | &nbsp;&nbsp;&nbsp;26809 |
| Finning International, Inc. | &nbsp;&nbsp;5481 | 296982 |
| Firm Capital Mortgage Investment Corp. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;9393 |
| First Majestic Silver Corp. | &nbsp;&nbsp;9923 | 165558 |
| First Majestic Silver Corp. (New York Stock Exchange) | &nbsp;&nbsp;5382 | &nbsp;&nbsp;&nbsp;89664 |
| First Mining Gold Corp. (A) | 39000 | &nbsp;&nbsp;&nbsp;15060 |
| FirstService Corp. | &nbsp;&nbsp;&nbsp;&nbsp;918 | 142761 |
| Fortuna Mining Corp. (A) | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;83294 |
| Freehold Royalties, Ltd. | &nbsp;&nbsp;5429 | &nbsp;&nbsp;&nbsp;60083 |
| Frontera Energy Corp. | &nbsp;&nbsp;1792 | &nbsp;&nbsp;&nbsp;&nbsp;7899 |
| Galiano Gold, Inc. (A) | &nbsp;&nbsp;6600 | &nbsp;&nbsp;&nbsp;16782 |
| Gamehost, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849 |
| GDI Integrated Facility Services, Inc. (A) | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;26411 |
| Gibson Energy, Inc. | &nbsp;&nbsp;5806 | 106260 |
| Gildan Activewear, Inc. | &nbsp;&nbsp;2239 | 139947 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Canada (continued)** |  |  |
| goeasy, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;372 | $&nbsp;&nbsp;&nbsp;35583 |
| GoGold Resources, Inc. (A) | &nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;11237 |
| Guardian Capital Group, Ltd., Class A | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;53976 |
| Hammond Power Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;46477 |
| Hanfeng Evergreen, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Headwater Exploration, Inc. | &nbsp;&nbsp;9290 | &nbsp;&nbsp;&nbsp;63420 |
| High Liner Foods, Inc. | &nbsp;&nbsp;1773 | &nbsp;&nbsp;&nbsp;19118 |
| HLS Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;2458 |
| Hudbay Minerals, Inc. | 18710 | 371460 |
| IAMGOLD Corp. (A) | 22927 | 378344 |
| IAMGOLD Corp. (New York Stock Exchange) (A) | &nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;72556 |
| Imperial Metals Corp. (A) | &nbsp;&nbsp;5060 | &nbsp;&nbsp;&nbsp;36866 |
| Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;27103 |
| Interfor Corp. (A) | &nbsp;&nbsp;2920 | &nbsp;&nbsp;&nbsp;18211 |
| International Petroleum Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;337 | &nbsp;&nbsp;&nbsp;&nbsp;6096 |
| International Petroleum Corp. (Nasdaq Stockholm Exchange) (A) | &nbsp;&nbsp;3496 | &nbsp;&nbsp;&nbsp;64040 |
| Jamieson Wellness, Inc. (D) | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;53936 |
| K92 Mining, Inc. (A) | 10011 | 165495 |
| KAB Distribution, Inc. (A)(B) | &nbsp;&nbsp;7076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| K-Bro Linen, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;15348 |
| Kelt Exploration, Ltd. (A) | 10445 | &nbsp;&nbsp;&nbsp;58368 |
| Keyera Corp. (C) | &nbsp;&nbsp;5590 | 179199 |
| Knight Therapeutics, Inc. (A) | &nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;23802 |
| Labrador Iron Ore Royalty Corp. | &nbsp;&nbsp;3518 | &nbsp;&nbsp;&nbsp;76560 |
| Largo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744 |
| Lassonde Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;31985 |
| Laurentian Bank of Canada | &nbsp;&nbsp;1514 | &nbsp;&nbsp;&nbsp;44453 |
| Leon's Furniture, Ltd. | &nbsp;&nbsp;1283 | &nbsp;&nbsp;&nbsp;26173 |
| Lightspeed Commerce, Inc. (A) | &nbsp;&nbsp;5593 | &nbsp;&nbsp;&nbsp;67480 |
| Linamar Corp. | &nbsp;&nbsp;1866 | 112785 |
| Lucara Diamond Corp. (A)(C) | 25184 | &nbsp;&nbsp;&nbsp;&nbsp;3670 |
| Lundin Gold, Inc. | &nbsp;&nbsp;1062 | &nbsp;&nbsp;&nbsp;88222 |
| Magellan Aerospace Corp. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;12144 |
| Mainstreet Equity Corp. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;40034 |
| Major Drilling Group International, Inc. (A) | &nbsp;&nbsp;4513 | &nbsp;&nbsp;&nbsp;42416 |
| Manitok Energy, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Maple Leaf Foods, Inc. | &nbsp;&nbsp;4270 | &nbsp;&nbsp;&nbsp;77557 |
| Martinrea International, Inc. | &nbsp;&nbsp;4603 | &nbsp;&nbsp;&nbsp;34743 |
| Mattr Corp. (A) | &nbsp;&nbsp;1373 | &nbsp;&nbsp;&nbsp;&nbsp;7983 |
| MDA Space, Ltd. (A) | &nbsp;&nbsp;4887 | &nbsp;&nbsp;&nbsp;94852 |
| Medical Facilities Corp. | &nbsp;&nbsp;2104 | &nbsp;&nbsp;&nbsp;24327 |
| Melcor Developments, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;11103 |
| Meren Energy, Inc. | 22402 | &nbsp;&nbsp;&nbsp;29379 |
| Methanex Corp. (C) | &nbsp;&nbsp;2774 | 110026 |
| Morguard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;33806 |
| MTY Food Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;20608 |
| Mullen Group, Ltd. | &nbsp;&nbsp;3682 | &nbsp;&nbsp;&nbsp;42224 |
| New Gold, Inc. (A) | 34515 | 300754 |
| NFI Group, Inc. (A) | &nbsp;&nbsp;4660 | &nbsp;&nbsp;&nbsp;52693 |
| North American Construction Group, Ltd. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;18716 |
| Northland Power, Inc. | &nbsp;&nbsp;9669 | 125745 |
| NuVista Energy, Ltd. (A) | &nbsp;&nbsp;7905 | 104359 |
| OceanaGold Corp. | 11200 | 317424 |
| Onex Corp. | &nbsp;&nbsp;1890 | 155546 |
| Open Text Corp. | &nbsp;&nbsp;5836 | 190062 |
| OR Royalties, Inc. | &nbsp;&nbsp;6095 | 215904 |
| Organigram Global, Inc. (A) | &nbsp;&nbsp;2232 | &nbsp;&nbsp;&nbsp;&nbsp;3756 |
| Paramount Resources, Ltd., Class A | &nbsp;&nbsp;2973 | &nbsp;&nbsp;&nbsp;52397 |
| Parex Resources, Inc. | &nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;44735 |
| Pason Systems, Inc. (C) | &nbsp;&nbsp;3936 | &nbsp;&nbsp;&nbsp;34383 |
| Pet Valu Holdings, Ltd. | &nbsp;&nbsp;1755 | &nbsp;&nbsp;&nbsp;35661 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 50 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Canada (continued)** |  |  |
| Peyto Exploration & Development Corp. (C) | &nbsp;&nbsp;6197 | $102535 |
| PHX Energy Services Corp. | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;14207 |
| Pine Cliff Energy, Ltd. (C) | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;6492 |
| Pizza Pizza Royalty Corp. | &nbsp;&nbsp;1729 | &nbsp;&nbsp;&nbsp;19664 |
| Polaris Renewable Energy, Inc. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;12896 |
| Pollard Banknote, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;14134 |
| PrairieSky Royalty, Ltd. | &nbsp;&nbsp;9927 | 195495 |
| Precision Drilling Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;382 | &nbsp;&nbsp;&nbsp;27411 |
| Premium Brands Holdings Corp. (C) | &nbsp;&nbsp;1800 | 133385 |
| Quarterhill, Inc. (A) | &nbsp;&nbsp;9800 | &nbsp;&nbsp;&nbsp;&nbsp;6783 |
| Quebecor, Inc., Class B | &nbsp;&nbsp;4995 | 188147 |
| Questerre Energy Corp., Class A (A) | 19444 | &nbsp;&nbsp;&nbsp;&nbsp;4392 |
| Real Matters, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;1268 |
| Richelieu Hardware, Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;57645 |
| Rogers Sugar, Inc. | &nbsp;&nbsp;6474 | &nbsp;&nbsp;&nbsp;28065 |
| Russel Metals, Inc. | &nbsp;&nbsp;1946 | &nbsp;&nbsp;&nbsp;62100 |
| Savaria Corp. | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;38173 |
| Seabridge Gold, Inc. (A) | &nbsp;&nbsp;3862 | 114491 |
| Secure Waste Infrastructure Corp. | 10077 | 126793 |
| Sienna Senior Living, Inc. (C) | &nbsp;&nbsp;3606 | &nbsp;&nbsp;&nbsp;53674 |
| South Bow Corp. (C) | &nbsp;&nbsp;2359 | &nbsp;&nbsp;&nbsp;64881 |
| Spartan Delta Corp. (A) | &nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;9487 |
| Spin Master Corp. (D) | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;19431 |
| Sprott, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;929 | &nbsp;&nbsp;&nbsp;90995 |
| Stella-Jones, Inc. | &nbsp;&nbsp;2269 | 140731 |
| StorageVault Canada, Inc. (C) | &nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;16332 |
| Strathcona Resources, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;383 | &nbsp;&nbsp;&nbsp;&nbsp;7905 |
| Superior Plus Corp. | &nbsp;&nbsp;7557 | &nbsp;&nbsp;&nbsp;38761 |
| Surge Energy, Inc. | &nbsp;&nbsp;2103 | &nbsp;&nbsp;&nbsp;10572 |
| Tamarack Valley Energy, Ltd. | 18228 | 105978 |
| Taseko Mines, Ltd. (A) | 16100 | &nbsp;&nbsp;&nbsp;91142 |
| TELUS Corp. | &nbsp;&nbsp;1433 | &nbsp;&nbsp;&nbsp;18887 |
| TerraVest Industries, Inc. (C) | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;71914 |
| The Boyd Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;860 | 136987 |
| The Descartes Systems Group, Inc. (A) | &nbsp;&nbsp;1802 | 158084 |
| The North West Company, Inc. | &nbsp;&nbsp;2333 | &nbsp;&nbsp;&nbsp;83135 |
| Tidewater Midstream and Infrastructure, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;332 | &nbsp;&nbsp;&nbsp;&nbsp;1272 |
| Tilray Brands, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 |
| Timbercreek Financial Corp. | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;29901 |
| TLC Vision Corp. (A)(B) | &nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Topaz Energy Corp. | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;52169 |
| Torex Gold Resources, Inc. | &nbsp;&nbsp;3673 | 175388 |
| Toromont Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;95574 |
| Total Energy Services, Inc. | &nbsp;&nbsp;3132 | &nbsp;&nbsp;&nbsp;34000 |
| TransAlta Corp. | 10982 | 138900 |
| Transcontinental, Inc., Class A | &nbsp;&nbsp;3383 | &nbsp;&nbsp;&nbsp;55999 |
| Trevali Mining Corp. (A)(B) | &nbsp;&nbsp;3713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Trican Well Service, Ltd. | &nbsp;&nbsp;7825 | &nbsp;&nbsp;&nbsp;33864 |
| Triple Flag Precious Metals Corp. | &nbsp;&nbsp;3063 | 101784 |
| Trisura Group, Ltd. (A) | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;65362 |
| Vecima Networks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;479 | &nbsp;&nbsp;&nbsp;&nbsp;3668 |
| Vermilion Energy, Inc. (C) | &nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;38273 |
| Wajax Corp. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;25800 |
| Well Health Technologies Corp. (A) | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;18895 |
| Wesdome Gold Mines, Ltd. (A) | &nbsp;&nbsp;6200 | 102720 |
| Western Copper & Gold Corp. (A) | &nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;14439 |
| Western Forest Products, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;861 | &nbsp;&nbsp;&nbsp;&nbsp;6894 |
| Westshore Terminals Investment Corp. | &nbsp;&nbsp;1489 | &nbsp;&nbsp;&nbsp;28249 |
| Whitecap Resources, Inc. | &nbsp;&nbsp;9454 | &nbsp;&nbsp;&nbsp;79225 |
| Whitecap Resources, Inc. (Toronto Stock Exchange) | 22439 | 188007 |
| Winpak, Ltd. | &nbsp;&nbsp;1677 | &nbsp;&nbsp;&nbsp;54505 |
| Yellow Pages, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;1129 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Canada (continued)** |  |  |
| Zenith Capital Corp. (A) | &nbsp;&nbsp;1700 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26 |
|  |  | 15061335 |
| **Denmark - 2.6%** |  |  |
| AL Sydbank | &nbsp;&nbsp;2318 | &nbsp;&nbsp;&nbsp;&nbsp;207039 |
| ALK-Abello A/S (A) | &nbsp;&nbsp;5228 | &nbsp;&nbsp;&nbsp;&nbsp;187096 |
| Alm Brand A/S | 33083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98295 |
| Ambu A/S, Class B (C) | &nbsp;&nbsp;7931 | &nbsp;&nbsp;&nbsp;&nbsp;109286 |
| Bang & Olufsen A/S (A) | &nbsp;&nbsp;7788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16657 |
| Bavarian Nordic A/S (A) | &nbsp;&nbsp;2530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75456 |
| CBrain A/S (C) | &nbsp;&nbsp;&nbsp;&nbsp;389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6858 |
| Chemometec A/S | &nbsp;&nbsp;&nbsp;&nbsp;801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85726 |
| Columbus A/S (C) | &nbsp;&nbsp;6187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9263 |
| D/S Norden A/S | &nbsp;&nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35153 |
| Demant A/S (A) | &nbsp;&nbsp;1064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35851 |
| Dfds A/S (A) | &nbsp;&nbsp;1767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26418 |
| FLSmidth & Company A/S | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;108978 |
| GN Store Nord A/S (A) | &nbsp;&nbsp;3264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54251 |
| H Lundbeck A/S | 12897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87137 |
| H+H International A/S, Class B (A) | &nbsp;&nbsp;1146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16724 |
| INVISIO AB | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15351 |
| ISS A/S | &nbsp;&nbsp;5640 | &nbsp;&nbsp;&nbsp;&nbsp;192153 |
| Jeudan A/S | &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11783 |
| Jyske Bank A/S | &nbsp;&nbsp;1691 | &nbsp;&nbsp;&nbsp;&nbsp;231429 |
| Lan & Spar Bank A/S | &nbsp;&nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41731 |
| Matas A/S | &nbsp;&nbsp;1442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28265 |
| Netcompany Group A/S (A)(C)(D) | &nbsp;&nbsp;1467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82067 |
| Nilfisk Holding A/S (A) | &nbsp;&nbsp;1220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26497 |
| NKT A/S (A) | &nbsp;&nbsp;2207 | &nbsp;&nbsp;&nbsp;&nbsp;275603 |
| NNIT A/S (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3754 |
| NTG Nordic Transport Group A/S (A) | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18860 |
| Per Aarsleff Holding A/S | &nbsp;&nbsp;&nbsp;&nbsp;584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80008 |
| Ringkjoebing Landbobank A/S | &nbsp;&nbsp;&nbsp;&nbsp;938 | &nbsp;&nbsp;&nbsp;&nbsp;226158 |
| ROCKWOOL A/S, A Shares | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45600 |
| ROCKWOOL A/S, B Shares | &nbsp;&nbsp;1808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63522 |
| Royal Unibrew A/S | &nbsp;&nbsp;1886 | &nbsp;&nbsp;&nbsp;&nbsp;170187 |
| Scandinavian Tobacco Group A/S (D) | &nbsp;&nbsp;2440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36611 |
| Schouw & Company A/S | &nbsp;&nbsp;&nbsp;&nbsp;398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41132 |
| Solar A/S, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12993 |
| SP Group A/S | &nbsp;&nbsp;&nbsp;&nbsp;368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20028 |
| Sparekassen Sjaelland-Fyn A/S | &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44430 |
| TCM Group A/S | &nbsp;&nbsp;&nbsp;&nbsp;507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5417 |
| Tivoli A/S | &nbsp;&nbsp;&nbsp;&nbsp;102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9550 |
| UIE PLC | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45922 |
| Zealand Pharma A/S (A) | &nbsp;&nbsp;1071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77811 |
|  |  | &nbsp;&nbsp;&nbsp;2967050 |
| **Ecuador - 0.0%** |  |  |
| SolGold PLC (A) | 65333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24256 |
| **Finland - 2.8%** |  |  |
| Aktia Bank OYJ | &nbsp;&nbsp;2136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30996 |
| Alma Media OYJ | &nbsp;&nbsp;1962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33004 |
| Bittium OYJ | &nbsp;&nbsp;2708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94904 |
| Citycon OYJ (A) | &nbsp;&nbsp;4136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19356 |
| Elisa OYJ | &nbsp;&nbsp;3609 | &nbsp;&nbsp;&nbsp;&nbsp;159935 |
| Enento Group OYJ (D) | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16026 |
| EQ OYJ | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6272 |
| Finnair OYJ (A) | &nbsp;&nbsp;6510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23898 |
| Fiskars OYJ ABP | &nbsp;&nbsp;2196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32706 |
| Harvia OYJ | &nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33570 |
| Hiab OYJ | &nbsp;&nbsp;1532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88552 |
| HKFoods OYJ (A) | &nbsp;&nbsp;&nbsp;&nbsp;316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549 |
| Huhtamaki OYJ | &nbsp;&nbsp;3346 | &nbsp;&nbsp;&nbsp;&nbsp;116500 |
| Kalmar OYJ, B Shares | &nbsp;&nbsp;1532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72532 |
| Kamux Corp. | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4299 |
| Kemira OYJ | &nbsp;&nbsp;4412 | &nbsp;&nbsp;&nbsp;&nbsp;101244 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 51 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Finland (continued)** |  |  |
| Kesko OYJ, A Shares | &nbsp;&nbsp;2102 | $&nbsp;&nbsp;&nbsp;&nbsp;47509 |
| Kesko OYJ, B Shares | &nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;152309 |
| Kojamo OYJ (A) | &nbsp;&nbsp;4092 | &nbsp;&nbsp;&nbsp;&nbsp;49094 |
| Konecranes OYJ | &nbsp;&nbsp;2704 | &nbsp;&nbsp;&nbsp;&nbsp;296102 |
| Lassila & Tikanoja OYJ | &nbsp;&nbsp;1929 | &nbsp;&nbsp;&nbsp;&nbsp;24017 |
| Lindex Group OYJ (A) | &nbsp;&nbsp;3912 | &nbsp;&nbsp;&nbsp;&nbsp;11310 |
| Mandatum OYJ | 11066 | &nbsp;&nbsp;&nbsp;&nbsp;89120 |
| Marimekko OYJ | &nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;29145 |
| Metsa Board OYJ, B Shares | &nbsp;&nbsp;6636 | &nbsp;&nbsp;&nbsp;&nbsp;24118 |
| Metso OYJ | 11455 | &nbsp;&nbsp;&nbsp;&nbsp;199307 |
| Nokian Renkaat OYJ (C) | &nbsp;&nbsp;4287 | &nbsp;&nbsp;&nbsp;&nbsp;47451 |
| Olvi OYJ, A Shares | &nbsp;&nbsp;&nbsp;&nbsp;721 | &nbsp;&nbsp;&nbsp;&nbsp;26517 |
| Oma Saastopankki OYJ | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7022 |
| Oriola OYJ, B Shares | &nbsp;&nbsp;9290 | &nbsp;&nbsp;&nbsp;&nbsp;12525 |
| Orion OYJ, Class A | &nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;74983 |
| Orion OYJ, Class B | &nbsp;&nbsp;4839 | &nbsp;&nbsp;&nbsp;&nbsp;361026 |
| Outokumpu OYJ | 11396 | &nbsp;&nbsp;&nbsp;&nbsp;59279 |
| Pihlajalinna OYJ | &nbsp;&nbsp;1193 | &nbsp;&nbsp;&nbsp;&nbsp;20426 |
| Ponsse OYJ | &nbsp;&nbsp;&nbsp;&nbsp;543 | &nbsp;&nbsp;&nbsp;&nbsp;16511 |
| Puuilo OYJ | &nbsp;&nbsp;3674 | &nbsp;&nbsp;&nbsp;&nbsp;54623 |
| QT Group OYJ (A) | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp;29534 |
| Raisio OYJ, V Shares | &nbsp;&nbsp;8267 | &nbsp;&nbsp;&nbsp;&nbsp;25491 |
| Rapala VMC OYJ (A) | &nbsp;&nbsp;&nbsp;&nbsp;908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361 |
| Revenio Group OYJ | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;21004 |
| Sampo OYJ, A Shares | &nbsp;&nbsp;9122 | &nbsp;&nbsp;&nbsp;&nbsp;110620 |
| Sanoma OYJ | &nbsp;&nbsp;2692 | &nbsp;&nbsp;&nbsp;&nbsp;29960 |
| Stora Enso OYJ, R Shares | 11015 | &nbsp;&nbsp;&nbsp;&nbsp;137529 |
| Taaleri OYJ | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8769 |
| Talenom OYJ | &nbsp;&nbsp;&nbsp;&nbsp;637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2263 |
| Terveystalo OYJ (D) | &nbsp;&nbsp;4887 | &nbsp;&nbsp;&nbsp;&nbsp;56090 |
| TietoEVRY OYJ | &nbsp;&nbsp;3237 | &nbsp;&nbsp;&nbsp;&nbsp;69226 |
| Tokmanni Group Corp. | &nbsp;&nbsp;1481 | &nbsp;&nbsp;&nbsp;&nbsp;13399 |
| Vaisala OYJ, A Shares | &nbsp;&nbsp;&nbsp;&nbsp;952 | &nbsp;&nbsp;&nbsp;&nbsp;49096 |
| Valmet OYJ | &nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;183679 |
| Verkkokauppa.com OYJ (A) | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4827 |
| YIT OYJ (A) | &nbsp;&nbsp;8449 | &nbsp;&nbsp;&nbsp;&nbsp;30912 |
|  |  | 3210497 |
| **France - 5.3%** |  |  |
| AKWEL SADIR | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6974 |
| Alstom SA (A) | &nbsp;&nbsp;8797 | &nbsp;&nbsp;&nbsp;&nbsp;259528 |
| Altamir | &nbsp;&nbsp;&nbsp;&nbsp;752 | &nbsp;&nbsp;&nbsp;&nbsp;26518 |
| Alten SA | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;68837 |
| Arkema SA | &nbsp;&nbsp;1679 | &nbsp;&nbsp;&nbsp;&nbsp;102324 |
| Ayvens SA (D) | &nbsp;&nbsp;5316 | &nbsp;&nbsp;&nbsp;&nbsp;71155 |
| Bastide le Confort Medical (A) | &nbsp;&nbsp;&nbsp;&nbsp;256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7202 |
| Beneteau SACA | &nbsp;&nbsp;2130 | &nbsp;&nbsp;&nbsp;&nbsp;20681 |
| Boiron SA | &nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9760 |
| Bonduelle SCA | &nbsp;&nbsp;1027 | &nbsp;&nbsp;&nbsp;&nbsp;12638 |
| Canal+ SA (A) | 11934 | &nbsp;&nbsp;&nbsp;&nbsp;42828 |
| Carrefour SA | 11847 | &nbsp;&nbsp;&nbsp;&nbsp;197674 |
| Cie des Alpes | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;&nbsp;29649 |
| Claranova SE (A) | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1867 |
| Clariane SE (A) | &nbsp;&nbsp;9440 | &nbsp;&nbsp;&nbsp;&nbsp;43478 |
| Coface SA | &nbsp;&nbsp;5060 | &nbsp;&nbsp;&nbsp;&nbsp;93064 |
| Derichebourg SA | &nbsp;&nbsp;3889 | &nbsp;&nbsp;&nbsp;&nbsp;30919 |
| Edenred SE | &nbsp;&nbsp;4288 | &nbsp;&nbsp;&nbsp;&nbsp;94790 |
| Eiffage SA | &nbsp;&nbsp;&nbsp;&nbsp;702 | &nbsp;&nbsp;&nbsp;&nbsp;100582 |
| Ekinops SAS (A) | &nbsp;&nbsp;1302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2945 |
| Electricite de Strasbourg SA | &nbsp;&nbsp;&nbsp;&nbsp;31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6738 |
| Elior Group SA (A)(D) | &nbsp;&nbsp;2910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9348 |
| Elis SA | &nbsp;&nbsp;7848 | &nbsp;&nbsp;&nbsp;&nbsp;222690 |
| Emeis SA (A) | &nbsp;&nbsp;1281 | &nbsp;&nbsp;&nbsp;&nbsp;21467 |
| Eramet SA (C) | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;35684 |
| Etablissements Maurel et Prom SA | &nbsp;&nbsp;4375 | &nbsp;&nbsp;&nbsp;&nbsp;28256 |
| Eurazeo SE | &nbsp;&nbsp;1843 | &nbsp;&nbsp;&nbsp;&nbsp;114807 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **France (continued)** |  |  |
| Eutelsat Communications SACA (A) | 10688 | $&nbsp;&nbsp;&nbsp;21313 |
| Exel Industries SA, A Shares | &nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;4142 |
| Exosens SAS | &nbsp;&nbsp;&nbsp;&nbsp;204 | &nbsp;&nbsp;&nbsp;11596 |
| FDJ UNITED | &nbsp;&nbsp;4245 | 117505 |
| Fnac Darty SA | &nbsp;&nbsp;&nbsp;&nbsp;779 | &nbsp;&nbsp;&nbsp;26440 |
| Forvia SE (A) | &nbsp;&nbsp;4253 | &nbsp;&nbsp;&nbsp;67490 |
| Gaztransport Et Technigaz SA | &nbsp;&nbsp;1530 | 280734 |
| Getlink SE | &nbsp;&nbsp;3464 | &nbsp;&nbsp;&nbsp;63942 |
| GL Events SACA | &nbsp;&nbsp;&nbsp;&nbsp;366 | &nbsp;&nbsp;&nbsp;12808 |
| Groupe Crit SA | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;11139 |
| Guerbet (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;326 | &nbsp;&nbsp;&nbsp;&nbsp;5471 |
| Haulotte Group SA | &nbsp;&nbsp;&nbsp;&nbsp;962 | &nbsp;&nbsp;&nbsp;&nbsp;2523 |
| ID Logistics Group SACA (A) | &nbsp;&nbsp;&nbsp;&nbsp;162 | &nbsp;&nbsp;&nbsp;78048 |
| Imerys SA | &nbsp;&nbsp;1475 | &nbsp;&nbsp;&nbsp;41379 |
| Infotel SA | &nbsp;&nbsp;&nbsp;&nbsp;348 | &nbsp;&nbsp;&nbsp;17277 |
| Interparfums SA | &nbsp;&nbsp;&nbsp;&nbsp;672 | &nbsp;&nbsp;&nbsp;19855 |
| Ipsen SA | &nbsp;&nbsp;&nbsp;&nbsp;832 | 116088 |
| IPSOS SA | &nbsp;&nbsp;1725 | &nbsp;&nbsp;&nbsp;69222 |
| Jacquet Metals SACA | &nbsp;&nbsp;1024 | &nbsp;&nbsp;&nbsp;23924 |
| JCDecaux SE | &nbsp;&nbsp;1836 | &nbsp;&nbsp;&nbsp;33265 |
| Kaufman & Broad SA | &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;20796 |
| Laurent-Perrier | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;11524 |
| LISI SA | &nbsp;&nbsp;&nbsp;&nbsp;419 | &nbsp;&nbsp;&nbsp;26093 |
| LNA Sante SA | &nbsp;&nbsp;&nbsp;&nbsp;166 | &nbsp;&nbsp;&nbsp;&nbsp;4770 |
| Maisons du Monde SA (A)(D) | &nbsp;&nbsp;1925 | &nbsp;&nbsp;&nbsp;&nbsp;4237 |
| Manitou BF SA | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;11969 |
| Mersen SA | &nbsp;&nbsp;1063 | &nbsp;&nbsp;&nbsp;29647 |
| Metropole Television SA | &nbsp;&nbsp;1324 | &nbsp;&nbsp;&nbsp;18906 |
| Nacon SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321 |
| Nexans SA | &nbsp;&nbsp;1314 | 193158 |
| Nexity SA (A) | &nbsp;&nbsp;1974 | &nbsp;&nbsp;&nbsp;20741 |
| North Atlantic Energies | &nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp;4883 |
| NRJ Group | &nbsp;&nbsp;&nbsp;&nbsp;782 | &nbsp;&nbsp;&nbsp;&nbsp;7416 |
| Opmobility | &nbsp;&nbsp;2278 | &nbsp;&nbsp;&nbsp;42530 |
| OVH Groupe SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316 |
| Pierre Et Vacances SA (A) | 10785 | &nbsp;&nbsp;&nbsp;23648 |
| Pluxee NV | &nbsp;&nbsp;2176 | &nbsp;&nbsp;&nbsp;34128 |
| Quadient SA | &nbsp;&nbsp;1652 | &nbsp;&nbsp;&nbsp;28023 |
| Remy Cointreau SA | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;17135 |
| Renault SA | &nbsp;&nbsp;3571 | 147812 |
| Rexel SA | &nbsp;&nbsp;8582 | 336604 |
| Robertet SA | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;12377 |
| Rubis SCA | &nbsp;&nbsp;3578 | 134345 |
| Samse SACA | &nbsp;&nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;7443 |
| Savencia SA | &nbsp;&nbsp;&nbsp;&nbsp;372 | &nbsp;&nbsp;&nbsp;27272 |
| SCOR SE | &nbsp;&nbsp;6971 | 234662 |
| SEB SA | &nbsp;&nbsp;1048 | &nbsp;&nbsp;&nbsp;60403 |
| Seche Environnement SACA | &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;10826 |
| SMCP SA (A)(D) | &nbsp;&nbsp;1921 | &nbsp;&nbsp;&nbsp;14123 |
| Societe BIC SA | &nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;66825 |
| Societe LDC SADIR | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;32153 |
| Sodexo SA | &nbsp;&nbsp;1386 | &nbsp;&nbsp;&nbsp;71013 |
| SOITEC (A) | &nbsp;&nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;16833 |
| Sopra Steria Group | &nbsp;&nbsp;&nbsp;&nbsp;690 | 124923 |
| SPIE SA | &nbsp;&nbsp;5882 | 339105 |
| Stef SA | &nbsp;&nbsp;&nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;31154 |
| Synergie SE | &nbsp;&nbsp;&nbsp;&nbsp;557 | &nbsp;&nbsp;&nbsp;19779 |
| Technip Energies NV | &nbsp;&nbsp;5361 | 204156 |
| Teleperformance SE | &nbsp;&nbsp;1915 | 138588 |
| Television Francaise 1 SA | &nbsp;&nbsp;1491 | &nbsp;&nbsp;&nbsp;14561 |
| Thermador Groupe | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;41216 |
| Tikehau Capital SCA | &nbsp;&nbsp;1543 | &nbsp;&nbsp;&nbsp;28677 |
| Trigano SA | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;81048 |
| Ubisoft Entertainment SA (A) | &nbsp;&nbsp;3448 | &nbsp;&nbsp;&nbsp;25791 |
| Valeo SE | &nbsp;&nbsp;8798 | 119397 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 52 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **France (continued)** |  |  |
| Vallourec SACA | &nbsp;&nbsp;7651 | $&nbsp;&nbsp;&nbsp;&nbsp;140532 |
| Vetoquinol SA | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;10295 |
| Vicat SACA | &nbsp;&nbsp;&nbsp;&nbsp;942 | &nbsp;&nbsp;&nbsp;&nbsp;83829 |
| VIEL & Cie SA | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;13363 |
| Virbac SACA | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;40672 |
| Viridien (A) | &nbsp;&nbsp;&nbsp;&nbsp;424 | &nbsp;&nbsp;&nbsp;&nbsp;48742 |
| Vivendi SE (A) | 21868 | &nbsp;&nbsp;&nbsp;&nbsp;60646 |
| Voltalia SA (A)(C) | &nbsp;&nbsp;1403 | &nbsp;&nbsp;&nbsp;&nbsp;12812 |
| VusionGroup | &nbsp;&nbsp;&nbsp;&nbsp;168 | &nbsp;&nbsp;&nbsp;&nbsp;40125 |
| Wavestone | &nbsp;&nbsp;&nbsp;&nbsp;134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8740 |
| Worldline SA (A)(C)(D) | &nbsp;&nbsp;5431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9907 |
|  |  | 5997554 |
| **Georgia - 0.1%** |  |  |
| Georgia Capital PLC (A) | &nbsp;&nbsp;1145 | &nbsp;&nbsp;&nbsp;&nbsp;47736 |
| TBC Bank Group PLC | &nbsp;&nbsp;1983 | &nbsp;&nbsp;&nbsp;&nbsp;108371 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;156107 |
| **Germany - 5.9%** |  |  |
| 1&1 AG | &nbsp;&nbsp;&nbsp;&nbsp;881 | &nbsp;&nbsp;&nbsp;&nbsp;25506 |
| 7C Solarparken AG (A) | &nbsp;&nbsp;2406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4574 |
| Adesso SE | &nbsp;&nbsp;&nbsp;&nbsp;207 | &nbsp;&nbsp;&nbsp;&nbsp;21529 |
| Adtran Networks SE | &nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;20578 |
| All for One Group SE | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6556 |
| Allgeier SE | &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;12143 |
| AlzChem Group AG | &nbsp;&nbsp;&nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;&nbsp;79298 |
| Amadeus Fire AG | &nbsp;&nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;13353 |
| Atoss Software SE | &nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;&nbsp;58912 |
| Aurubis AG | &nbsp;&nbsp;1338 | &nbsp;&nbsp;&nbsp;&nbsp;193677 |
| Basler AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8710 |
| Bechtle AG | &nbsp;&nbsp;3835 | &nbsp;&nbsp;&nbsp;&nbsp;195332 |
| Bertrandt AG | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8561 |
| Bijou Brigitte AG | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;16480 |
| Bilfinger SE | &nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp;172040 |
| Borussia Dortmund GmbH & Company KGaA | &nbsp;&nbsp;4276 | &nbsp;&nbsp;&nbsp;&nbsp;16523 |
| BRANICKS Group AG (A) | &nbsp;&nbsp;3005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6071 |
| Brenntag SE | &nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;105698 |
| CANCOM SE | &nbsp;&nbsp;&nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9774 |
| Carl Zeiss Meditec AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;629 | &nbsp;&nbsp;&nbsp;&nbsp;29233 |
| Ceconomy AG (A) | &nbsp;&nbsp;8144 | &nbsp;&nbsp;&nbsp;&nbsp;42832 |
| CENIT AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3836 |
| Cewe Stiftung & Company KGAA | &nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp;&nbsp;32611 |
| CTS Eventim AG & Company KGaA | &nbsp;&nbsp;1378 | &nbsp;&nbsp;&nbsp;&nbsp;126145 |
| Dermapharm Holding SE | &nbsp;&nbsp;&nbsp;&nbsp;849 | &nbsp;&nbsp;&nbsp;&nbsp;39156 |
| Deutsche Beteiligungs AG | &nbsp;&nbsp;&nbsp;&nbsp;631 | &nbsp;&nbsp;&nbsp;&nbsp;18595 |
| Deutsche EuroShop AG | &nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;11350 |
| Deutsche Pfandbriefbank AG (D) | &nbsp;&nbsp;6014 | &nbsp;&nbsp;&nbsp;&nbsp;29605 |
| Deutsche Wohnen SE | &nbsp;&nbsp;&nbsp;&nbsp;952 | &nbsp;&nbsp;&nbsp;&nbsp;23087 |
| Deutz AG | &nbsp;&nbsp;3432 | &nbsp;&nbsp;&nbsp;&nbsp;33876 |
| Draegerwerk AG & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5407 |
| Duerr AG | &nbsp;&nbsp;2044 | &nbsp;&nbsp;&nbsp;&nbsp;53611 |
| DWS Group GmbH & Company KGaA (D) | &nbsp;&nbsp;&nbsp;&nbsp;699 | &nbsp;&nbsp;&nbsp;&nbsp;45941 |
| Eckert & Ziegler SE | &nbsp;&nbsp;2424 | &nbsp;&nbsp;&nbsp;&nbsp;43084 |
| Elmos Semiconductor SE | &nbsp;&nbsp;&nbsp;&nbsp;331 | &nbsp;&nbsp;&nbsp;&nbsp;37345 |
| ElringKlinger AG | &nbsp;&nbsp;2576 | &nbsp;&nbsp;&nbsp;&nbsp;12993 |
| Energiekontor AG | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;18908 |
| Evonik Industries AG | &nbsp;&nbsp;4932 | &nbsp;&nbsp;&nbsp;&nbsp;76969 |
| Evotec SE (A) | &nbsp;&nbsp;1508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9539 |
| Fielmann Group AG | &nbsp;&nbsp;1241 | &nbsp;&nbsp;&nbsp;&nbsp;63342 |
| flatexDEGIRO AG | &nbsp;&nbsp;4062 | &nbsp;&nbsp;&nbsp;&nbsp;174024 |
| Fraport AG Frankfurt Airport Services Worldwide (A) | &nbsp;&nbsp;1682 | &nbsp;&nbsp;&nbsp;&nbsp;137541 |
| Freenet AG | &nbsp;&nbsp;5085 | &nbsp;&nbsp;&nbsp;&nbsp;175164 |
| Friedrich Vorwerk Group SE | &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;47465 |
| FUCHS SE | &nbsp;&nbsp;1198 | &nbsp;&nbsp;&nbsp;&nbsp;42016 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Germany (continued)** |  |  |
| GEA Group AG | &nbsp;&nbsp;4017 | $271478 |
| Gerresheimer AG (C) | &nbsp;&nbsp;1589 | &nbsp;&nbsp;&nbsp;51190 |
| GFT Technologies SE | &nbsp;&nbsp;&nbsp;&nbsp;961 | &nbsp;&nbsp;&nbsp;21222 |
| GRENKE AG | &nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;17897 |
| Heidelberger Druckmaschinen AG (A) | 18003 | &nbsp;&nbsp;&nbsp;42428 |
| HelloFresh SE (A) | &nbsp;&nbsp;6865 | &nbsp;&nbsp;&nbsp;49247 |
| Hensoldt AG | &nbsp;&nbsp;2642 | 226285 |
| Hoenle AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;3430 |
| Hornbach Holding AG & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;497 | &nbsp;&nbsp;&nbsp;48698 |
| HUGO BOSS AG | &nbsp;&nbsp;1924 | &nbsp;&nbsp;&nbsp;81071 |
| Indus Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;776 | &nbsp;&nbsp;&nbsp;25589 |
| Init Innovation in Traffic Systems SE | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;19900 |
| Instone Real Estate Group SE (D) | &nbsp;&nbsp;2299 | &nbsp;&nbsp;&nbsp;20759 |
| IONOS Group SE (A) | &nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;31467 |
| IVU Traffic Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;16291 |
| Jenoptik AG | &nbsp;&nbsp;2248 | &nbsp;&nbsp;&nbsp;51041 |
| JOST Werke SE (D) | &nbsp;&nbsp;&nbsp;&nbsp;517 | &nbsp;&nbsp;&nbsp;32721 |
| K+S AG | &nbsp;&nbsp;7752 | 112848 |
| KION Group AG | &nbsp;&nbsp;2944 | 232626 |
| Knaus Tabbert AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;3013 |
| Koenig & Bauer AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;11437 |
| Krones AG | &nbsp;&nbsp;&nbsp;&nbsp;639 | 101231 |
| KWS Saat SE & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;44691 |
| LANXESS AG | &nbsp;&nbsp;3724 | &nbsp;&nbsp;&nbsp;76310 |
| LEG Immobilien SE | &nbsp;&nbsp;3351 | 244408 |
| Leifheit AG | &nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;7791 |
| Medios AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;1032 |
| MLP SE | &nbsp;&nbsp;4791 | &nbsp;&nbsp;&nbsp;38751 |
| Mutares SE & Company KGaA (C) | &nbsp;&nbsp;&nbsp;&nbsp;663 | &nbsp;&nbsp;&nbsp;23181 |
| Nagarro SE | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;35068 |
| Nemetschek SE | &nbsp;&nbsp;&nbsp;&nbsp;661 | &nbsp;&nbsp;&nbsp;71514 |
| Nordex SE (A) | &nbsp;&nbsp;4401 | 149171 |
| Norma Group SE | &nbsp;&nbsp;1576 | &nbsp;&nbsp;&nbsp;26792 |
| PATRIZIA SE | &nbsp;&nbsp;2719 | &nbsp;&nbsp;&nbsp;25880 |
| Puma SE | &nbsp;&nbsp;3370 | &nbsp;&nbsp;&nbsp;87462 |
| Rational AG | &nbsp;&nbsp;&nbsp;&nbsp;177 | 136660 |
| RENK Group AG | &nbsp;&nbsp;2441 | 152126 |
| SAF-Holland SE | &nbsp;&nbsp;1157 | &nbsp;&nbsp;&nbsp;20677 |
| Salzgitter AG | &nbsp;&nbsp;&nbsp;&nbsp;712 | &nbsp;&nbsp;&nbsp;33303 |
| Schaeffler AG | &nbsp;&nbsp;2740 | &nbsp;&nbsp;&nbsp;26676 |
| Schott Pharma AG & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;7380 |
| Scout24 SE (D) | &nbsp;&nbsp;&nbsp;&nbsp;886 | &nbsp;&nbsp;&nbsp;88990 |
| Secunet Security Networks AG | &nbsp;&nbsp;&nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;21206 |
| SGL Carbon SE (A) | &nbsp;&nbsp;3072 | &nbsp;&nbsp;&nbsp;11183 |
| Siltronic AG (C) | &nbsp;&nbsp;&nbsp;&nbsp;272 | &nbsp;&nbsp;&nbsp;15400 |
| Sixt SE | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;38823 |
| SMA Solar Technology AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;839 | &nbsp;&nbsp;&nbsp;33005 |
| Stabilus SE | &nbsp;&nbsp;&nbsp;&nbsp;794 | &nbsp;&nbsp;&nbsp;18908 |
| STRATEC SE | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;6786 |
| Stroeer SE & Company KGaA | &nbsp;&nbsp;1436 | &nbsp;&nbsp;&nbsp;62105 |
| Suedzucker AG (C) | &nbsp;&nbsp;2959 | &nbsp;&nbsp;&nbsp;31756 |
| SUSS MicroTec SE | &nbsp;&nbsp;&nbsp;&nbsp;644 | &nbsp;&nbsp;&nbsp;29131 |
| Symrise AG | &nbsp;&nbsp;1937 | 156939 |
| TAG Immobilien AG | &nbsp;&nbsp;7477 | 115802 |
| Takkt AG | &nbsp;&nbsp;1848 | &nbsp;&nbsp;&nbsp;&nbsp;8014 |
| TeamViewer SE (A)(D) | &nbsp;&nbsp;6009 | &nbsp;&nbsp;&nbsp;42307 |
| Technotrans SE | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;21269 |
| thyssenkrupp AG | 25998 | 279494 |
| Tkms AG & Company KGaA (A) | &nbsp;&nbsp;1129 | &nbsp;&nbsp;&nbsp;87701 |
| TUI AG (A) | 16120 | 168476 |
| United Internet AG | &nbsp;&nbsp;3058 | &nbsp;&nbsp;&nbsp;98696 |
| Verbio SE (A) | &nbsp;&nbsp;1012 | &nbsp;&nbsp;&nbsp;25015 |
| Vossloh AG | &nbsp;&nbsp;&nbsp;&nbsp;474 | &nbsp;&nbsp;&nbsp;42302 |
| Wacker Chemie AG | &nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;47734 |
| Wacker Neuson SE | &nbsp;&nbsp;1493 | &nbsp;&nbsp;&nbsp;42812 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 53 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Germany (continued)** |  |  |
| Washtec AG | &nbsp;&nbsp;&nbsp;&nbsp;611 | $&nbsp;&nbsp;&nbsp;&nbsp;34188 |
| Westwing Group SE (A) | &nbsp;&nbsp;&nbsp;&nbsp;132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1776 |
| Wuestenrot & Wuerttembergische AG | &nbsp;&nbsp;&nbsp;1566 | &nbsp;&nbsp;&nbsp;&nbsp;26674 |
| Zalando SE (A)(D) | &nbsp;&nbsp;&nbsp;6959 | &nbsp;&nbsp;&nbsp;&nbsp;205339 |
| Zeal Network SE | &nbsp;&nbsp;&nbsp;&nbsp;298 | &nbsp;&nbsp;&nbsp;&nbsp;18325 |
|  |  | 6769888 |
| **Greece - 0.0%** |  |  |
| Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (A)(B) | &nbsp;&nbsp;&nbsp;3303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Okeanis Eco Tankers Corp. (D) | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;24567 |
| TT Hellenic Postbank SA (A)(B) | &nbsp;&nbsp;12594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;24567 |
| **Guernsey, Channel Islands - 0.0%** |  |  |
| Raven Property Group, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;4994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **Hong Kong - 1.8%** |  |  |
| 3D-Gold Jewellery Holdings, Ltd. (A)(B) | &nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| APAC Resources, Ltd. | &nbsp;&nbsp;20467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6066 |
| Apollo Future Mobility Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| Asia Financial Holdings, Ltd. | &nbsp;&nbsp;14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8625 |
| Associated International Hotels, Ltd. | &nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;&nbsp;18520 |
| Bright Smart Securities & Commodities Group, Ltd. (A) | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;18689 |
| Brightoil Petroleum Holdings, Ltd. (A)(B) | 117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Burwill Holdings, Ltd. (A)(B) | 292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Cafe de Coral Holdings, Ltd. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;11378 |
| Chen Hsong Holdings | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018 |
| Cheuk Nang Holdings, Ltd. | &nbsp;&nbsp;&nbsp;3708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543 |
| China Energy Development Holdings, Ltd. (A) | &nbsp;&nbsp;15850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3143 |
| China Solar Energy Holdings, Ltd. (A)(B) | &nbsp;&nbsp;42500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Chinese Estates Holdings, Ltd. | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3481 |
| Chow Sang Sang Holdings International, Ltd. | &nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;34574 |
| Chuang's Consortium International, Ltd. (A) | &nbsp;&nbsp;30948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 |
| CITIC Telecom International Holdings, Ltd. | &nbsp;&nbsp;59000 | &nbsp;&nbsp;&nbsp;&nbsp;18728 |
| C-Mer Medical Holdings, Ltd. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3980 |
| Cowell e Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;28288 |
| Crystal International Group, Ltd. (D) | &nbsp;&nbsp;19000 | &nbsp;&nbsp;&nbsp;&nbsp;16358 |
| CSC Holdings, Ltd. (A) | 885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3427 |
| CSI Properties, Ltd. (A) | 343092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7709 |
| CTF Services, Ltd. | &nbsp;&nbsp;60863 | &nbsp;&nbsp;&nbsp;&nbsp;58425 |
| Dah Sing Banking Group, Ltd. | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;&nbsp;24701 |
| Dah Sing Financial Holdings, Ltd. | &nbsp;&nbsp;&nbsp;6520 | &nbsp;&nbsp;&nbsp;&nbsp;29623 |
| Deep Source Holdings, Ltd. (A) | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;11693 |
| DFI Retail Group Holdings, Ltd. | &nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;28024 |
| EC Healthcare (A) | &nbsp;&nbsp;13000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984 |
| EganaGoldpfeil Holdings, Ltd. (A)(B) | 103373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Esprit Holdings, Ltd. (A) | &nbsp;&nbsp;17685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2627 |
| Fairwood Holdings, Ltd. | &nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2102 |
| Far East Consortium International, Ltd. (A) | &nbsp;&nbsp;98508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9101 |
| First Pacific Company, Ltd. | &nbsp;&nbsp;76000 | &nbsp;&nbsp;&nbsp;&nbsp;58181 |
| Giordano International, Ltd. | &nbsp;&nbsp;82000 | &nbsp;&nbsp;&nbsp;&nbsp;15060 |
| Gold-Finance Holdings, Ltd. (A)(B) | &nbsp;&nbsp;62000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| GR Life Style Company, Ltd. (A) | &nbsp;&nbsp;82000 | &nbsp;&nbsp;&nbsp;&nbsp;24669 |
| Great Eagle Holdings, Ltd. | &nbsp;&nbsp;10516 | &nbsp;&nbsp;&nbsp;&nbsp;20418 |
| G-Resources Group, Ltd. | &nbsp;&nbsp;13580 | &nbsp;&nbsp;&nbsp;&nbsp;20831 |
| Guotai Junan International Holdings, Ltd. | &nbsp;&nbsp;83000 | &nbsp;&nbsp;&nbsp;&nbsp;27223 |
| Hang Lung Group, Ltd. | &nbsp;&nbsp;31000 | &nbsp;&nbsp;&nbsp;&nbsp;60713 |
| Hang Lung Properties, Ltd. | &nbsp;&nbsp;35335 | &nbsp;&nbsp;&nbsp;&nbsp;39127 |
| Harbour Centre Development, Ltd. | &nbsp;&nbsp;38000 | &nbsp;&nbsp;&nbsp;&nbsp;20875 |
| HKR International, Ltd. (A) | &nbsp;&nbsp;51920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7077 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong (continued)** |  |  |
| Hong Kong Ferry Holdings Company, Ltd. | &nbsp;&nbsp;29000 | $17889 |
| Hong Kong Technology Venture Company, Ltd. | &nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp;5035 |
| Hsin Chong Group Holdings, Ltd. (A)(B) | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Hutchison Port Holdings Trust | 161400 | 35488 |
| Hutchison Telecommunications Hong Kong Holdings, Ltd. | &nbsp;&nbsp;80000 | 11924 |
| Hysan Development Company, Ltd. | &nbsp;&nbsp;25000 | 60741 |
| Johnson Electric Holdings, Ltd. | &nbsp;&nbsp;10193 | 38988 |
| K Wah International Holdings, Ltd. | &nbsp;&nbsp;80000 | 21604 |
| Kerry Properties, Ltd. | &nbsp;&nbsp;23500 | 61254 |
| KLN Logistics Group, Ltd. | &nbsp;&nbsp;16500 | 15048 |
| Kowloon Development Company, Ltd. | &nbsp;&nbsp;24422 | 13465 |
| Lai Sun Development Company, Ltd. (A) | &nbsp;&nbsp;22980 | &nbsp;&nbsp;&nbsp;1764 |
| Langham Hospitality Investments, Ltd. | &nbsp;&nbsp;23201 | &nbsp;&nbsp;&nbsp;1476 |
| Liu Chong Hing Investment, Ltd. | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;9158 |
| Luk Fook Holdings International, Ltd. | &nbsp;&nbsp;15000 | 45291 |
| Man Wah Holdings, Ltd. | &nbsp;&nbsp;61600 | 36227 |
| Mandarin Oriental International, Ltd. | &nbsp;&nbsp;&nbsp;8000 | 26451 |
| Melco International Development, Ltd. (A) | &nbsp;&nbsp;33000 | 18465 |
| MH Development, Ltd. (A)(B) | &nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Midland Holdings, Ltd. (A) | &nbsp;&nbsp;34734 | 10275 |
| Miramar Hotel & Investment | &nbsp;&nbsp;15000 | 19553 |
| Modern Dental Group, Ltd. | &nbsp;&nbsp;20000 | 13718 |
| New World Development Company, Ltd. (A) | &nbsp;&nbsp;38000 | 35591 |
| NewOcean Energy Holdings, Ltd. (A)(B) | &nbsp;&nbsp;66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Nissin Foods Company, Ltd. | &nbsp;&nbsp;22000 | 20810 |
| Oriental Watch Holdings | &nbsp;&nbsp;18000 | &nbsp;&nbsp;&nbsp;8467 |
| Oshidori International Holdings, Ltd. (A) | 204000 | 19684 |
| Pacific Andes International Holdings, Ltd. (A)(B) | 328006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Pacific Basin Shipping, Ltd. | 138000 | 41378 |
| Pacific Textiles Holdings, Ltd. | &nbsp;&nbsp;42000 | &nbsp;&nbsp;&nbsp;6744 |
| PAX Global Technology, Ltd. | &nbsp;&nbsp;32000 | 20821 |
| PCCW, Ltd. | &nbsp;&nbsp;96590 | 67054 |
| Peace Mark Holdings, Ltd. (A)(B) | 164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Perfect Medical Health Management, Ltd. | &nbsp;&nbsp;32000 | &nbsp;&nbsp;&nbsp;5101 |
| Pico Far East Holdings, Ltd. | &nbsp;&nbsp;60000 | 20681 |
| Plover Bay Technologies, Ltd. | &nbsp;&nbsp;15000 | 11527 |
| Public Financial Holdings, Ltd. | &nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;4200 |
| Regal Hotels International Holdings, Ltd. (A) | &nbsp;&nbsp;36000 | &nbsp;&nbsp;&nbsp;2639 |
| Regina Miracle International Holdings, Ltd. (D) | &nbsp;&nbsp;17000 | &nbsp;&nbsp;&nbsp;5486 |
| Shangri-La Asia, Ltd. | &nbsp;&nbsp;46000 | 28077 |
| Shun Tak Holdings, Ltd. (A) | &nbsp;&nbsp;80250 | &nbsp;&nbsp;&nbsp;6716 |
| Singamas Container Holdings, Ltd. | 114000 | 10115 |
| SJM Holdings, Ltd. (A)(C) | 118750 | 36810 |
| SmarTone Telecommunications Holdings, Ltd. | &nbsp;&nbsp;31500 | 19029 |
| Solomon Systech International, Ltd. (A) | &nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;3936 |
| Stella International Holdings, Ltd. | &nbsp;&nbsp;20000 | 38461 |
| Sun Hung Kai & Company, Ltd. | &nbsp;&nbsp;45000 | 23150 |
| SUNeVision Holdings, Ltd. | &nbsp;&nbsp;31000 | 18334 |
| Television Broadcasts, Ltd. (A) | &nbsp;&nbsp;19100 | &nbsp;&nbsp;&nbsp;7526 |
| Texhong International Group, Ltd. | &nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp;6496 |
| Texwinca Holdings, Ltd. | &nbsp;&nbsp;60000 | &nbsp;&nbsp;&nbsp;7717 |
| The Bank of East Asia, Ltd. | &nbsp;&nbsp;35959 | 61504 |
| The Hongkong & Shanghai Hotels, Ltd. (A) | &nbsp;&nbsp;31903 | 24214 |
| Town Health International Medical Group, Ltd. | 261361 | &nbsp;&nbsp;&nbsp;8367 |
| Tradelink Electronic Commerce, Ltd. | &nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;6673 |
| Transport International Holdings, Ltd. | &nbsp;&nbsp;13024 | 17750 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 54 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hong Kong (continued)** |  |  |
| United Laboratories International Holdings, Ltd. | &nbsp;&nbsp;34000 | $&nbsp;&nbsp;&nbsp;&nbsp;50695 |
| Upbest Group, Ltd. | 164000 | &nbsp;&nbsp;&nbsp;&nbsp;14378 |
| Value Partners Group, Ltd. | &nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;12476 |
| Vitasoy International Holdings, Ltd. | &nbsp;&nbsp;34000 | &nbsp;&nbsp;&nbsp;&nbsp;27345 |
| Vobile Group, Ltd. (A)(C) | &nbsp;&nbsp;73000 | &nbsp;&nbsp;&nbsp;&nbsp;38602 |
| VSTECS Holdings, Ltd. | &nbsp;&nbsp;17200 | &nbsp;&nbsp;&nbsp;&nbsp;17256 |
| VTech Holdings, Ltd. | &nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;54423 |
| Wealthink AI-Innovation Capital, Ltd. (A) | &nbsp;&nbsp;32000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824 |
| Wing On Company International, Ltd. | &nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7152 |
| Wing Tai Properties, Ltd. | &nbsp;&nbsp;70000 | &nbsp;&nbsp;&nbsp;&nbsp;15860 |
| Xinyi Glass Holdings, Ltd. | &nbsp;&nbsp;48469 | &nbsp;&nbsp;&nbsp;&nbsp;51543 |
| Yue Yuen Industrial Holdings, Ltd. | &nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;61515 |
| Yunfeng Financial Group, Ltd. (A) | &nbsp;&nbsp;26000 | &nbsp;&nbsp;&nbsp;&nbsp;10585 |
|  |  | 2070007 |
| **Ireland - 0.6%** |  |  |
| C&C Group PLC | &nbsp;&nbsp;17690 | &nbsp;&nbsp;&nbsp;&nbsp;32166 |
| Cairn Homes PLC | &nbsp;&nbsp;30473 | &nbsp;&nbsp;&nbsp;&nbsp;74135 |
| COSMO Pharmaceuticals NV | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;55318 |
| DCC PLC | &nbsp;&nbsp;&nbsp;2009 | &nbsp;&nbsp;&nbsp;&nbsp;125158 |
| FBD Holdings PLC | &nbsp;&nbsp;&nbsp;1936 | &nbsp;&nbsp;&nbsp;&nbsp;35743 |
| Glanbia PLC | &nbsp;&nbsp;&nbsp;6256 | &nbsp;&nbsp;&nbsp;&nbsp;107151 |
| Glenveagh Properties PLC (A)(D) | &nbsp;&nbsp;24326 | &nbsp;&nbsp;&nbsp;&nbsp;55035 |
| Grafton Group PLC, CHESS Depositary Interest | &nbsp;&nbsp;&nbsp;7751 | &nbsp;&nbsp;&nbsp;&nbsp;97436 |
| Greencore Group PLC | &nbsp;&nbsp;23988 | &nbsp;&nbsp;&nbsp;&nbsp;82008 |
| Irish Continental Group PLC | &nbsp;&nbsp;&nbsp;5309 | &nbsp;&nbsp;&nbsp;&nbsp;37506 |
| Permanent TSB Group Holdings PLC (A) | &nbsp;&nbsp;&nbsp;5786 | &nbsp;&nbsp;&nbsp;&nbsp;19515 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;721171 |
| **Isle of Man - 0.1%** |  |  |
| Playtech PLC | &nbsp;&nbsp;11001 | &nbsp;&nbsp;&nbsp;&nbsp;41829 |
| Strix Group PLC (A) | &nbsp;&nbsp;&nbsp;6042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3834 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;45663 |
| **Israel - 1.1%** |  |  |
| Adgar Investment and Development, Ltd. (A) | &nbsp;&nbsp;&nbsp;4535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6742 |
| AFI Properties, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 |
| Africa Israel Residences, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;30777 |
| Airport City, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Alrov Properties and Lodgings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;399 | &nbsp;&nbsp;&nbsp;&nbsp;30845 |
| Analyst IMS Investment Management Services, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;15631 |
| Arad, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;787 | &nbsp;&nbsp;&nbsp;&nbsp;12694 |
| Ashdod Refinery, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6391 |
| AudioCodes, Ltd. | &nbsp;&nbsp;&nbsp;1269 | &nbsp;&nbsp;&nbsp;&nbsp;11078 |
| Automatic Bank Services, Ltd. | &nbsp;&nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6989 |
| Azorim-Investment Development & Construction Company, Ltd. | &nbsp;&nbsp;&nbsp;3848 | &nbsp;&nbsp;&nbsp;&nbsp;22387 |
| Blue Square Real Estate, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;26764 |
| Carasso Motors, Ltd. (A) | &nbsp;&nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;22549 |
| Cellcom Israel, Ltd. | &nbsp;&nbsp;&nbsp;2530 | &nbsp;&nbsp;&nbsp;&nbsp;29797 |
| Danel Adir Yeoshua, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;253 | &nbsp;&nbsp;&nbsp;&nbsp;37465 |
| Delek Automotive Systems, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4830 |
| Delta Galil, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp;27042 |
| Dor Alon Energy in Israel 1988, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;21161 |
| Duniec Brothers, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;18408 |
| Electra Consumer Products 1970, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;15124 |
| Equital, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 |
| Fox Wizel, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;228 | &nbsp;&nbsp;&nbsp;&nbsp;22431 |
| Gilat Satellite Networks, Ltd. (A) | &nbsp;&nbsp;&nbsp;1452 | &nbsp;&nbsp;&nbsp;&nbsp;18843 |
| Hamat Group, Ltd. | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6702 |
| IDI Insurance Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;33382 |
| IES Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;15616 |
| Ilex Medical, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4402 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Israel (continued)** |  |  |
| Inrom Construction Industries, Ltd. | &nbsp;&nbsp;4264 | $&nbsp;&nbsp;&nbsp;&nbsp;29449 |
| Isracard, Ltd. | &nbsp;&nbsp;6691 | &nbsp;&nbsp;&nbsp;&nbsp;32800 |
| Israel Discount Bank, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| Isras Investment Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;23213 |
| Issta, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7758 |
| Kamada, Ltd. | &nbsp;&nbsp;1616 | &nbsp;&nbsp;&nbsp;&nbsp;11455 |
| Kerur Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;418 | &nbsp;&nbsp;&nbsp;&nbsp;11773 |
| Kvutzat Acro, Ltd. | &nbsp;&nbsp;1118 | &nbsp;&nbsp;&nbsp;&nbsp;16189 |
| Land Development Nimrodi Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;789 | &nbsp;&nbsp;&nbsp;&nbsp;10304 |
| Lapidoth Capital, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;571 | &nbsp;&nbsp;&nbsp;&nbsp;17299 |
| M Yochananof & Sons, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;16476 |
| Magic Software Enterprises, Ltd. | &nbsp;&nbsp;1349 | &nbsp;&nbsp;&nbsp;&nbsp;35112 |
| Malam - Team, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;476 | &nbsp;&nbsp;&nbsp;&nbsp;19876 |
| Max Stock, Ltd. | &nbsp;&nbsp;2156 | &nbsp;&nbsp;&nbsp;&nbsp;17308 |
| Maytronics, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1231 |
| Mediterranean Towers, Ltd. | &nbsp;&nbsp;4044 | &nbsp;&nbsp;&nbsp;&nbsp;17676 |
| Meshek Energy Renewable Energies, Ltd. (A) | &nbsp;&nbsp;6642 | &nbsp;&nbsp;&nbsp;&nbsp;17315 |
| Meshulam Levinstein Contracting & Engineering, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9535 |
| Mivtach Shamir Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;243 | &nbsp;&nbsp;&nbsp;&nbsp;31316 |
| Nawi Group, Ltd. | &nbsp;&nbsp;1396 | &nbsp;&nbsp;&nbsp;&nbsp;23847 |
| Neto Malinda Trading, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;451 | &nbsp;&nbsp;&nbsp;&nbsp;21367 |
| Nexxen International, Ltd. (A) | &nbsp;&nbsp;1412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9234 |
| Novolog, Ltd. | 20186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7934 |
| Oil Refineries, Ltd. | 28946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9004 |
| OPC Energy, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 |
| OY Nofar Energy, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;443 | &nbsp;&nbsp;&nbsp;&nbsp;15600 |
| Palram Industries 1990, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;10169 |
| Perion Network, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6538 |
| Plasson Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;241 | &nbsp;&nbsp;&nbsp;&nbsp;13830 |
| Plus500, Ltd. | &nbsp;&nbsp;3252 | &nbsp;&nbsp;&nbsp;&nbsp;158838 |
| Prashkovsky Investments and Construction, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;&nbsp;15645 |
| Priortech, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;14818 |
| Qualitau, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;71 | &nbsp;&nbsp;&nbsp;&nbsp;13462 |
| Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;323 | &nbsp;&nbsp;&nbsp;&nbsp;35660 |
| Retailors, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9980 |
| Sano-Brunos Enterprises, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;20159 |
| Scope Metals Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;20628 |
| Shikun & Binui, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| Summit Real Estate Holdings, Ltd. | &nbsp;&nbsp;1022 | &nbsp;&nbsp;&nbsp;&nbsp;19881 |
| Tadiran Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3552 |
| Tamar Petroleum, Ltd. (D) | &nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;22880 |
| Telsys, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6123 |
| Tera Light, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134 |
| Tiv Taam Holdings 1, Ltd. | &nbsp;&nbsp;3848 | &nbsp;&nbsp;&nbsp;&nbsp;13267 |
| YD More Investments, Ltd. | &nbsp;&nbsp;1699 | &nbsp;&nbsp;&nbsp;&nbsp;30125 |
|  |  | 1276933 |
| **Italy - 3.9%** |  |  |
| A2A SpA | 61455 | &nbsp;&nbsp;&nbsp;&nbsp;166290 |
| ACEA SpA | &nbsp;&nbsp;1344 | &nbsp;&nbsp;&nbsp;&nbsp;34820 |
| Amplifon SpA | &nbsp;&nbsp;3025 | &nbsp;&nbsp;&nbsp;&nbsp;48498 |
| Aquafil SpA (A) | &nbsp;&nbsp;&nbsp;&nbsp;969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1587 |
| Arnoldo Mondadori Editore SpA | &nbsp;&nbsp;7965 | &nbsp;&nbsp;&nbsp;&nbsp;19777 |
| Ascopiave SpA | &nbsp;&nbsp;4243 | &nbsp;&nbsp;&nbsp;&nbsp;16395 |
| Avio SpA | &nbsp;&nbsp;&nbsp;&nbsp;504 | &nbsp;&nbsp;&nbsp;&nbsp;17191 |
| Azimut Holding SpA | &nbsp;&nbsp;4425 | &nbsp;&nbsp;&nbsp;&nbsp;184335 |
| Banca Generali SpA | &nbsp;&nbsp;2463 | &nbsp;&nbsp;&nbsp;&nbsp;164414 |
| Banca IFIS SpA | &nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;18799 |
| Banca Profilo SpA | 24032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4680 |
| Banco di Desio e della Brianza SpA | &nbsp;&nbsp;2610 | &nbsp;&nbsp;&nbsp;&nbsp;28843 |
| BasicNet SpA | &nbsp;&nbsp;1571 | &nbsp;&nbsp;&nbsp;&nbsp;13797 |
| BFF Bank SpA (A)(D) | &nbsp;&nbsp;6472 | &nbsp;&nbsp;&nbsp;&nbsp;71725 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 55 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Italy (continued)** |  |  |
| Brembo NV | &nbsp;&nbsp;&nbsp;5497 | $&nbsp;&nbsp;&nbsp;&nbsp;60388 |
| Brunello Cucinelli SpA | &nbsp;&nbsp;&nbsp;1628 | &nbsp;&nbsp;&nbsp;&nbsp;186728 |
| Buzzi SpA | &nbsp;&nbsp;&nbsp;2278 | &nbsp;&nbsp;&nbsp;&nbsp;137707 |
| Cairo Communication SpA (A) | &nbsp;&nbsp;&nbsp;4712 | &nbsp;&nbsp;&nbsp;&nbsp;15523 |
| Cembre SpA | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;29577 |
| Cementir Holding NV | &nbsp;&nbsp;&nbsp;2219 | &nbsp;&nbsp;&nbsp;&nbsp;48684 |
| CIR SpA-Compagnie Industriali (A) | &nbsp;&nbsp;42681 | &nbsp;&nbsp;&nbsp;&nbsp;35164 |
| Credito Emiliano SpA | &nbsp;&nbsp;&nbsp;3091 | &nbsp;&nbsp;&nbsp;&nbsp;55224 |
| Danieli & C Officine Meccaniche SpA | &nbsp;&nbsp;&nbsp;&nbsp;197 | &nbsp;&nbsp;&nbsp;&nbsp;11605 |
| Danieli & C Officine Meccaniche SpA, Savings Shares | &nbsp;&nbsp;&nbsp;2118 | &nbsp;&nbsp;&nbsp;&nbsp;91082 |
| Davide Campari-Milano NV | &nbsp;&nbsp;&nbsp;9714 | &nbsp;&nbsp;&nbsp;&nbsp;62755 |
| De'Longhi SpA | &nbsp;&nbsp;&nbsp;1031 | &nbsp;&nbsp;&nbsp;&nbsp;43890 |
| Enav SpA (D) | &nbsp;&nbsp;10341 | &nbsp;&nbsp;&nbsp;&nbsp;57148 |
| ERG SpA | &nbsp;&nbsp;&nbsp;1359 | &nbsp;&nbsp;&nbsp;&nbsp;34967 |
| Esprinet SpA | &nbsp;&nbsp;&nbsp;2412 | &nbsp;&nbsp;&nbsp;&nbsp;17413 |
| Fila SpA | &nbsp;&nbsp;&nbsp;2245 | &nbsp;&nbsp;&nbsp;&nbsp;25651 |
| Fincantieri SpA (A) | &nbsp;&nbsp;&nbsp;3166 | &nbsp;&nbsp;&nbsp;&nbsp;61520 |
| Garofalo Health Care SpA | &nbsp;&nbsp;&nbsp;1776 | &nbsp;&nbsp;&nbsp;&nbsp;11661 |
| Geox SpA (A) | &nbsp;&nbsp;11885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4351 |
| Hera SpA | &nbsp;&nbsp;33574 | &nbsp;&nbsp;&nbsp;&nbsp;158314 |
| IMMSI SpA | &nbsp;&nbsp;&nbsp;6756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4355 |
| Infrastrutture Wireless Italiane SpA (D) | &nbsp;&nbsp;&nbsp;1291 | &nbsp;&nbsp;&nbsp;&nbsp;11947 |
| Intercos SpA | &nbsp;&nbsp;&nbsp;1065 | &nbsp;&nbsp;&nbsp;&nbsp;13871 |
| Interpump Group SpA | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;39601 |
| Iren SpA | &nbsp;&nbsp;30720 | &nbsp;&nbsp;&nbsp;&nbsp;92010 |
| Italgas SpA | &nbsp;&nbsp;23782 | &nbsp;&nbsp;&nbsp;&nbsp;265254 |
| Italmobiliare SpA | &nbsp;&nbsp;&nbsp;&nbsp;405 | &nbsp;&nbsp;&nbsp;&nbsp;12981 |
| Iveco Group NV | &nbsp;&nbsp;&nbsp;7049 | &nbsp;&nbsp;&nbsp;&nbsp;154365 |
| Lottomatica Group SpA | &nbsp;&nbsp;&nbsp;7659 | &nbsp;&nbsp;&nbsp;&nbsp;200721 |
| Maire SpA | &nbsp;&nbsp;&nbsp;7306 | &nbsp;&nbsp;&nbsp;&nbsp;110974 |
| MARR SpA | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;&nbsp;10533 |
| MFE-MediaForEurope NV, Class A | &nbsp;&nbsp;&nbsp;6924 | &nbsp;&nbsp;&nbsp;&nbsp;25001 |
| MFE-MediaForEurope NV, Class A (Berlin Stock Exchange) | &nbsp;&nbsp;&nbsp;7138 | &nbsp;&nbsp;&nbsp;&nbsp;24929 |
| MFE-MediaForEurope NV, Class B | &nbsp;&nbsp;&nbsp;3783 | &nbsp;&nbsp;&nbsp;&nbsp;18192 |
| Moltiply Group SpA | &nbsp;&nbsp;&nbsp;&nbsp;424 | &nbsp;&nbsp;&nbsp;&nbsp;17179 |
| Nexi SpA (D) | &nbsp;&nbsp;13328 | &nbsp;&nbsp;&nbsp;&nbsp;65692 |
| OVS SpA (D) | &nbsp;&nbsp;&nbsp;5774 | &nbsp;&nbsp;&nbsp;&nbsp;32766 |
| Pharmanutra SpA | &nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp;&nbsp;17046 |
| Piaggio & C SpA | &nbsp;&nbsp;&nbsp;4580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9736 |
| Pirelli & C. SpA (D) | &nbsp;&nbsp;12309 | &nbsp;&nbsp;&nbsp;&nbsp;84055 |
| RAI Way SpA (D) | &nbsp;&nbsp;&nbsp;5678 | &nbsp;&nbsp;&nbsp;&nbsp;37221 |
| Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;&nbsp;105760 |
| Reply SpA | &nbsp;&nbsp;&nbsp;1004 | &nbsp;&nbsp;&nbsp;&nbsp;134430 |
| Sabaf SpA | &nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5533 |
| Safilo Group SpA (A) | &nbsp;&nbsp;&nbsp;8728 | &nbsp;&nbsp;&nbsp;&nbsp;19663 |
| Saipem SpA | &nbsp;&nbsp;62658 | &nbsp;&nbsp;&nbsp;&nbsp;177384 |
| Salvatore Ferragamo SpA (A) | &nbsp;&nbsp;&nbsp;2238 | &nbsp;&nbsp;&nbsp;&nbsp;21410 |
| Sanlorenzo SpA | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;&nbsp;19673 |
| Sesa SpA | &nbsp;&nbsp;&nbsp;&nbsp;103 | &nbsp;&nbsp;&nbsp;&nbsp;10766 |
| Sogefi SpA | &nbsp;&nbsp;&nbsp;3551 | &nbsp;&nbsp;&nbsp;&nbsp;14082 |
| SOL SpA | &nbsp;&nbsp;&nbsp;1145 | &nbsp;&nbsp;&nbsp;&nbsp;65748 |
| Tamburi Investment Partners SpA | &nbsp;&nbsp;&nbsp;4666 | &nbsp;&nbsp;&nbsp;&nbsp;50205 |
| Technogym SpA (D) | &nbsp;&nbsp;&nbsp;4677 | &nbsp;&nbsp;&nbsp;&nbsp;88264 |
| Telecom Italia SpA (A) | 502057 | &nbsp;&nbsp;&nbsp;&nbsp;301612 |
| Telecom Italia SpA, Savings Shares (A) | 211829 | &nbsp;&nbsp;&nbsp;&nbsp;154182 |
| Webuild SpA | &nbsp;&nbsp;14544 | &nbsp;&nbsp;&nbsp;&nbsp;57927 |
| Wiit SpA | &nbsp;&nbsp;&nbsp;&nbsp;839 | &nbsp;&nbsp;&nbsp;&nbsp;19839 |
|  |  | 4435410 |
| **Japan - 21.5%** |  |  |
| A&D HOLON Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;11738 |
| Achilles Corp. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9236 |
| ADEKA Corp. | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;89273 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Ad-sol Nissin Corp. | 1600 | $16627 |
| Advan Group Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;5830 |
| Aeon Fantasy Company, Ltd. | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;7709 |
| AEON Financial Service Company, Ltd. | 4300 | 47678 |
| Aeon Hokkaido Corp. | 1800 | 10506 |
| Ai Holdings Corp. | 1900 | 34298 |
| Aica Kogyo Company, Ltd. | 1800 | 40456 |
| Aichi Corp. | 1800 | 15752 |
| Aichi Steel Corp. | &nbsp;&nbsp;800 | 14927 |
| Aichi Tokei Denki Company, Ltd. | &nbsp;&nbsp;900 | 15471 |
| Aida Engineering, Ltd. | 2700 | 20614 |
| Aiful Corp. | 8600 | 30705 |
| Ain Holdings, Inc. | 1100 | 46875 |
| Aiphone Company, Ltd. | &nbsp;&nbsp;600 | 11288 |
| Airman Corp. | 1200 | 13977 |
| Airport Facilities Company, Ltd. | 1200 | &nbsp;&nbsp;&nbsp;7763 |
| Airtrip Corp. | &nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;4361 |
| Aisan Industry Company, Ltd. | &nbsp;&nbsp;800 | 11443 |
| Akatsuki, Inc. | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;6769 |
| Akebono Brake Industry Company, Ltd. (A) | 9400 | &nbsp;&nbsp;&nbsp;7043 |
| Albis Company, Ltd. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;8570 |
| Alconix Corp. | 1600 | 25676 |
| Alfresa Holdings Corp. | 2600 | 40430 |
| Alpen Company, Ltd. | 1100 | 16143 |
| Alps Alpine Company, Ltd. | 7000 | 89351 |
| Altech Corp. | 1100 | 19007 |
| Amano Corp. | 2200 | 59311 |
| Amuse, Inc. | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;4907 |
| Amvis Holdings, Inc. | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;905 |
| and ST HD Company, Ltd. | &nbsp;&nbsp;620 | 11390 |
| Anest Iwata Corp. | 1800 | 18777 |
| Anicom Holdings, Inc. | 3700 | 23789 |
| Anycolor, Inc. | 1400 | 43188 |
| AOKI Holdings, Inc. | 1700 | 19657 |
| Aoyama Trading Company, Ltd. | 2500 | 40482 |
| Aoyama Zaisan Networks Company, Ltd. | 1100 | 11096 |
| Aozora Bank, Ltd. | &nbsp;&nbsp;700 | 11196 |
| Arakawa Chemical Industries, Ltd. | 1400 | 10909 |
| Arata Corp. | 1400 | 27505 |
| ARCLANDS Corp. | 1770 | 21845 |
| Arcs Company, Ltd. | 2125 | 45925 |
| ARE Holdings, Inc. | 3600 | 73359 |
| Arealink Company, Ltd. | 2000 | 13616 |
| Argo Graphics, Inc. | 4000 | 41403 |
| Arisawa Manufacturing Company, Ltd. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;6598 |
| Artience Company, Ltd. | 1100 | 24188 |
| As One Corp. | 2000 | 30656 |
| Asahi Company, Ltd. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;6667 |
| Asahi Diamond Industrial Company, Ltd. | 3900 | 20700 |
| Asahi Yukizai Corp. | &nbsp;&nbsp;400 | 13833 |
| ASKA Pharmaceutical Holdings Company, Ltd. | &nbsp;&nbsp;800 | 10410 |
| ASKUL Corp. | 2000 | 17879 |
| Atsugi Company, Ltd. (A) | 1200 | &nbsp;&nbsp;&nbsp;9604 |
| Aucnet, Inc. | 2200 | 29073 |
| Autobacs Seven Company, Ltd. | 3400 | 35798 |
| Avant Group Corp. | &nbsp;&nbsp;900 | 10059 |
| Avex, Inc. | 2800 | 22695 |
| Axial Retailing, Inc. | 3200 | 23569 |
| AZ-COM MARUWA Holdings, Inc. | 3100 | 19523 |
| Bando Chemical Industries, Ltd. | 1600 | 20924 |
| Bank of the Ryukyus, Ltd. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;9460 |
| Belc Company, Ltd. | &nbsp;&nbsp;500 | 24071 |
| Bell System24 Holdings, Inc. | 1300 | 11944 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 56 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Belluna Company, Ltd. | &nbsp;&nbsp;3300 | $&nbsp;&nbsp;&nbsp;20992 |
| Bic Camera, Inc. | &nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;40778 |
| Blue Zones Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;16330 |
| BML, Inc. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;24627 |
| Bourbon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;8329 |
| Br. Holdings Corp. | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;5094 |
| Buffalo, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;15449 |
| Bunka Shutter Company, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;20931 |
| Business Brain Showa-Ota, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;15920 |
| C Uyemura & Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;46824 |
| CAC Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;11819 |
| Calbee, Inc. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;24796 |
| Canon Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;20921 |
| Carlit Company, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;25272 |
| Cawachi, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;17256 |
| CCI Group, Inc. | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;46486 |
| Celsys, Inc. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;11729 |
| Central Automotive Products, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;18046 |
| Central Glass Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;17830 |
| Central Security Patrols Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;13612 |
| Central Sports Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;9484 |
| Ceres, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;7416 |
| Change Holdings, Inc. (C) | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;10734 |
| Charm Care Corp. KK | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;8114 |
| Chino Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;7206 |
| Chiyoda Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;5571 |
| Chiyoda Integre Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;16571 |
| Chori Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;20913 |
| Chudenko Corp. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;37405 |
| Chuetsu Pulp & Paper Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;6454 |
| Chugai Ro Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;13917 |
| Chugin Financial Group, Inc. | &nbsp;&nbsp;6700 | 105798 |
| Chugoku Marine Paints, Ltd. | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;39415 |
| Citizen Watch Company, Ltd. | &nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;70782 |
| CKD Corp. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;46935 |
| Cleanup Corp. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;11715 |
| CMK Corp. | &nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;12425 |
| COLOPL, Inc. | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;8783 |
| Colowide Company, Ltd. | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;35915 |
| Comture Corp. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;10907 |
| Corona Corp. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;1820 |
| Cosel Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;8345 |
| Cota Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;643 | &nbsp;&nbsp;&nbsp;&nbsp;4657 |
| Create Restaurants Holdings, Inc. | 11600 | &nbsp;&nbsp;&nbsp;57447 |
| Create SD Holdings Company, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;23446 |
| Creek & River Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;7719 |
| Cresco, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;17795 |
| CTS Company, Ltd. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;12720 |
| Curves Holdings Company, Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;10250 |
| Cybozu, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;16151 |
| Dai Nippon Toryo Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;10316 |
| Daicel Corp. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;18801 |
| Dai-Dan Company, Ltd. | &nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;56963 |
| Daido Metal Company, Ltd. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;11887 |
| Daido Steel Company, Ltd. | &nbsp;&nbsp;4600 | &nbsp;&nbsp;&nbsp;47032 |
| Daiei Kankyo Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;17370 |
| Daihen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;12762 |
| Daiichi Jitsugyo Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;23235 |
| Daiichi Kensetsu Corp. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;31568 |
| Daiichi Kigenso Kagaku-Kogyo Company, Ltd. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;12976 |
| Daiichikosho Company, Ltd. | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;30124 |
| Daiken Medical Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;1139 |
| Daiki Aluminium Industry Company, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;11539 |
| Daikoku Denki Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;14606 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Daikokutenbussan Company, Ltd. | &nbsp;&nbsp;300 | $&nbsp;&nbsp;&nbsp;10952 |
| Daikyonishikawa Corp. | 1900 | &nbsp;&nbsp;&nbsp;&nbsp;9669 |
| Dainichiseika Color & Chemicals Manufacturing Company, Ltd. | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;7956 |
| Daio Paper Corp. | 4200 | &nbsp;&nbsp;&nbsp;24992 |
| Daiseki Company, Ltd. | 1360 | &nbsp;&nbsp;&nbsp;29500 |
| Daishi Hokuetsu Financial Group, Inc. | 6600 | &nbsp;&nbsp;&nbsp;68588 |
| Daishinku Corp. | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;5922 |
| Daito Pharmaceutical Company, Ltd. | 1540 | &nbsp;&nbsp;&nbsp;13318 |
| Daitron Company, Ltd. | 1200 | &nbsp;&nbsp;&nbsp;18604 |
| Daiwa Industries, Ltd. | 2000 | &nbsp;&nbsp;&nbsp;20354 |
| Daiwabo Holdings Company, Ltd. | 2900 | &nbsp;&nbsp;&nbsp;57152 |
| DCM Holdings Company, Ltd. | 5100 | &nbsp;&nbsp;&nbsp;52939 |
| DeNA Company, Ltd. | 1100 | &nbsp;&nbsp;&nbsp;17726 |
| Denka Company, Ltd. | 3400 | &nbsp;&nbsp;&nbsp;59798 |
| Denyo Company, Ltd. | &nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;20605 |
| Dexerials Corp. | 2700 | &nbsp;&nbsp;&nbsp;45466 |
| DIC Corp. | 2700 | &nbsp;&nbsp;&nbsp;63027 |
| Digital Hearts Holdings Company, Ltd. | &nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;5225 |
| Digital Holdings, Inc. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;7691 |
| Dip Corp. | 1400 | &nbsp;&nbsp;&nbsp;19757 |
| DKK Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;16882 |
| DKS Company, Ltd. | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;21014 |
| Doshisha Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;21104 |
| Doutor Nichires Holdings Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;16589 |
| Dowa Holdings Company, Ltd. | 2100 | &nbsp;&nbsp;&nbsp;99709 |
| DTS Corp. | 5200 | &nbsp;&nbsp;&nbsp;40879 |
| Duskin Company, Ltd. | 1600 | &nbsp;&nbsp;&nbsp;43467 |
| DyDo Group Holdings, Inc. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;9695 |
| Eagle Industry Company, Ltd. | 1300 | &nbsp;&nbsp;&nbsp;23713 |
| Ebara Jitsugyo Company, Ltd. | 1600 | &nbsp;&nbsp;&nbsp;21933 |
| Ebase Company, Ltd. | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;3382 |
| EDION Corp. | 2700 | &nbsp;&nbsp;&nbsp;36545 |
| EF-ON, Inc. | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;3384 |
| eGuarantee, Inc. | 2000 | &nbsp;&nbsp;&nbsp;22976 |
| E-Guardian, Inc. | &nbsp;&nbsp;284 | &nbsp;&nbsp;&nbsp;&nbsp;3032 |
| Eizo Corp. | 1600 | &nbsp;&nbsp;&nbsp;22885 |
| Elan Corp. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;3233 |
| Elecom Company, Ltd. | 1600 | &nbsp;&nbsp;&nbsp;17629 |
| EM Systems Company, Ltd. | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;7092 |
| en-japan, Inc. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;7885 |
| eRex Company, Ltd. | 1900 | &nbsp;&nbsp;&nbsp;&nbsp;7448 |
| ES-Con Japan, Ltd. | 1500 | &nbsp;&nbsp;&nbsp;11371 |
| ESPEC Corp. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;17134 |
| Exedy Corp. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;25105 |
| EXEO Group, Inc. | 6400 | 106260 |
| Ezaki Glico Company, Ltd. | 2000 | &nbsp;&nbsp;&nbsp;69151 |
| FCC Company, Ltd. | 1100 | &nbsp;&nbsp;&nbsp;26149 |
| FDK Corp. (A) | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671 |
| Feed One Company, Ltd. | 1600 | &nbsp;&nbsp;&nbsp;10812 |
| Ferrotec Corp. | 2000 | &nbsp;&nbsp;&nbsp;64220 |
| Financial Partners Group Company, Ltd. | 1100 | &nbsp;&nbsp;&nbsp;13458 |
| Fixstars Corp. | 2300 | &nbsp;&nbsp;&nbsp;23038 |
| FP Corp. | 1100 | &nbsp;&nbsp;&nbsp;18456 |
| France Bed Holdings Company, Ltd. | 2200 | &nbsp;&nbsp;&nbsp;18527 |
| Fudo Tetra Corp. | 1080 | &nbsp;&nbsp;&nbsp;18296 |
| Fuji Company, Ltd. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;10909 |
| Fuji Corp. (Aichi) | 2600 | &nbsp;&nbsp;&nbsp;60580 |
| Fuji Corp., Ltd. | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;6802 |
| Fuji Kyuko Company, Ltd. | &nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;10582 |
| Fuji Oil Company, Ltd. (Osaka) | 1400 | &nbsp;&nbsp;&nbsp;32618 |
| Fuji Pharma Company, Ltd. | 1400 | &nbsp;&nbsp;&nbsp;16839 |
| Fuji Seal International, Inc. | 2100 | &nbsp;&nbsp;&nbsp;42134 |
| Fujibo Holdings, Inc. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;37030 |
| Fujicco Company, Ltd. | 1500 | &nbsp;&nbsp;&nbsp;15141 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 57 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Fujikura Kasei Company, Ltd. | &nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;7921 |
| Fujimi, Inc. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;36405 |
| Fujisash Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;2866 |
| Fujita Kanko, Inc. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;16824 |
| Fujiya Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;8061 |
| Fukuda Corp. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;9602 |
| Fukuda Denshi Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;33793 |
| Fukui Computer Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;6012 |
| Fukuyama Transporting Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;28212 |
| FULLCAST Holdings Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;10646 |
| Funai Soken Holdings, Inc. | &nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;26342 |
| Furuno Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;40620 |
| Furuya Metal Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;20181 |
| Furyu Corp. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;8841 |
| Fuso Chemical Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;40763 |
| Fuso Pharmaceutical Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;7377 |
| Futaba Corp. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;5955 |
| Futaba Industrial Company, Ltd. | &nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;22740 |
| Future Corp. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;30361 |
| Fuyo General Lease Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;32909 |
| G-7 Holdings, Inc. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;18060 |
| Gakken Holdings Company, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;11433 |
| Galilei Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;24304 |
| Gecoss Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;3707 |
| Geo Holdings Corp. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;22739 |
| GLOBERIDE, Inc. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;16657 |
| Glory, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;53170 |
| GMO Financial Gate, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;13253 |
| GMO Financial Holdings, Inc. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;8904 |
| GMO GlobalSign Holdings KK | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;7503 |
| GMO internet group, Inc. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;47493 |
| Goldcrest Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;&nbsp;20901 |
| Goldwin, Inc. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;19213 |
| Grems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;12893 |
| GS Yuasa Corp. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;71938 |
| G-Tekt Corp. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;15053 |
| Gun-Ei Chemical Industry Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;10168 |
| Gunze, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;43766 |
| H.U. Group Holdings, Inc. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;34554 |
| H2O Retailing Corp. | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;34182 |
| Hagihara Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;8625 |
| Hagiwara Electric Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;11817 |
| Hakudo Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;8963 |
| Hakuhodo DY Holdings, Inc. | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;20130 |
| Halows Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;17680 |
| Hamakyorex Company, Ltd. | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;31699 |
| Hanwa Company, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;68727 |
| Hazama Ando Corp. | &nbsp;&nbsp;5490 | &nbsp;&nbsp;&nbsp;66347 |
| Heiwado Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;9212 |
| Hennge KK | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;8149 |
| Hiday Hidaka Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;13218 |
| HI-LEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;11990 |
| Hino Motors, Ltd. (A) | 10400 | &nbsp;&nbsp;&nbsp;25676 |
| Hioki EE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;19500 |
| Hirano Tecseed Company, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;11774 |
| Hirogin Holdings, Inc. | 10600 | 107173 |
| Hiroshima Gas Company, Ltd. | &nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;11916 |
| HIS Company, Ltd. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;21032 |
| Hisaka Works, Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;19636 |
| Hisamitsu Pharmaceutical Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;14018 |
| Hochiki Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;17012 |
| Hokkaido Electric Power Company, Inc. | &nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;39571 |
| Hokkaido Gas Company, Ltd. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;14559 |
| Hokkan Holdings, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;15150 |
| Hokko Chemical Industry Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;7376 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Hokuetsu Corp. | &nbsp;&nbsp;4900 | $&nbsp;&nbsp;&nbsp;28000 |
| Hokuhoku Financial Group, Inc. | &nbsp;&nbsp;3600 | 105418 |
| Hokuriku Electric Power Company | &nbsp;&nbsp;7400 | &nbsp;&nbsp;&nbsp;46241 |
| Hokuto Corp. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;20678 |
| H-One Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;9029 |
| Honeys Holdings Company, Ltd. | &nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;13176 |
| Hoosiers Holdings Company, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;17634 |
| Hosiden Corp. | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;27008 |
| Hosokawa Micron Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;21592 |
| HS Holdings Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;7465 |
| IBJ, Inc. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;9033 |
| Ichibanya Company, Ltd. | &nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;22730 |
| Ichikoh Industries, Ltd. | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;7550 |
| Ichiyoshi Securities Company, Ltd. | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;19390 |
| Icom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;9292 |
| IDEC Corp. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;29847 |
| IDOM, Inc. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;10648 |
| Iino Kaiun Kaisha, Ltd. | &nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;26281 |
| Imasen Electric Industrial | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;2988 |
| Imuraya Group Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;4900 |
| Inaba Denki Sangyo Company, Ltd. | &nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;68521 |
| Inaba Seisakusho Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;2036 |
| Inabata & Company, Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;47845 |
| Ines Corp. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;11227 |
| INFRONEER Holdings, Inc. | &nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;57390 |
| Insource Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;1642 |
| Intage Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;&nbsp;5280 |
| Inui Global Logistics Company, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;14037 |
| IR Japan Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;2014 |
| Iriso Electronics Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;20530 |
| Iseki & Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;14248 |
| Ishihara Sangyo Kaisha, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;36809 |
| ITFOR, Inc. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;10949 |
| ITmedia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;9282 |
| Ito En, Ltd. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;37275 |
| Itochu Enex Company, Ltd. | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;32702 |
| Itochu-Shokuhin Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;21471 |
| Itoham Yonekyu Holdings, Inc. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;39304 |
| Itoki Corp. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;32697 |
| IwaiCosmo Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;18818 |
| Iwatani Corp. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;31532 |
| Izumi Company, Ltd. | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;26808 |
| J Trust Company, Ltd. | &nbsp;&nbsp;6286 | &nbsp;&nbsp;&nbsp;19164 |
| Jaccs Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;24933 |
| Jade Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;3685 |
| JAFCO Group Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;18462 |
| JANOME Corp. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;8922 |
| Japan Airport Terminal Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;22441 |
| Japan Aviation Electronics Industry, Ltd. | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;37040 |
| Japan Cash Machine Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;4588 |
| Japan Communications, Inc. (A) | 15200 | &nbsp;&nbsp;&nbsp;14143 |
| Japan Elevator Service Holdings Company, Ltd. | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;44330 |
| Japan Investment Adviser Company, Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;26038 |
| Japan Lifeline Company, Ltd. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;30131 |
| Japan Material Company, Ltd. | &nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;28662 |
| Japan Medical Dynamic Marketing, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;2794 |
| Japan Petroleum Exploration Company, Ltd. | &nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;65340 |
| Japan Property Management Center Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;6588 |
| Japan Pulp & Paper Company, Ltd. | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;33734 |
| Japan Securities Finance Company, Ltd. | &nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;42659 |
| Japan Transcity Corp. | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;22476 |
| Japan Wool Textile Company, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;17013 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 58 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| JBCC Holdings, Inc. | &nbsp;&nbsp;2400 | $24467 |
| JCU Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 25085 |
| Jeol, Ltd. | &nbsp;&nbsp;1500 | 48209 |
| JGC Holdings Corp. | &nbsp;&nbsp;5700 | 69145 |
| JINS Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;300 | 10589 |
| JINUSHI Company, Ltd. | &nbsp;&nbsp;1100 | 21389 |
| JM Holdings Company, Ltd. | &nbsp;&nbsp;1200 | 12886 |
| JMS Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;1410 |
| J-Oil Mills, Inc. | &nbsp;&nbsp;1200 | 15323 |
| Joshin Denki Company, Ltd. | &nbsp;&nbsp;1100 | 19061 |
| Joyful Honda Company, Ltd. | &nbsp;&nbsp;1900 | 25837 |
| JSB Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 18228 |
| JSP Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 12500 |
| JTEKT Corp. | &nbsp;&nbsp;5200 | 57630 |
| Juki Corp. | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;4477 |
| Juroku Financial Group, Inc. | &nbsp;&nbsp;1300 | 59789 |
| Justsystems Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 25863 |
| JVCKenwood Corp. | &nbsp;&nbsp;6770 | 52133 |
| K&O Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 19509 |
| Kaga Electronics Company, Ltd. | &nbsp;&nbsp;1200 | 29719 |
| Kagome Company, Ltd. (C) | &nbsp;&nbsp;2300 | 39573 |
| Kakaku.com, Inc. | &nbsp;&nbsp;2500 | 36854 |
| Kaken Pharmaceutical Company, Ltd. | &nbsp;&nbsp;1200 | 30784 |
| Kamakura Shinsho, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;4812 |
| Kameda Seika Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 17407 |
| Kamei Corp. | &nbsp;&nbsp;1300 | 25108 |
| Kanaden Corp. | &nbsp;&nbsp;1100 | 15059 |
| Kanadevia Corp. | &nbsp;&nbsp;5500 | 33326 |
| Kanagawa Chuo Kotsu Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 16769 |
| Kanamic Network Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;1998 |
| Kanamoto Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 15008 |
| Kaneka Corp. | &nbsp;&nbsp;1400 | 39266 |
| Kanematsu Corp. | &nbsp;&nbsp;7000 | 80544 |
| Kansai Paint Company, Ltd. | &nbsp;&nbsp;2900 | 45812 |
| Kanto Denka Kogyo Company, Ltd. | &nbsp;&nbsp;2000 | 14132 |
| Katitas Company, Ltd. | &nbsp;&nbsp;1800 | 36604 |
| Kato Sangyo Company, Ltd. | &nbsp;&nbsp;1100 | 45092 |
| Kato Works Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;3359 |
| Kawada Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 16751 |
| KeePer Technical Laboratory Company, Ltd. (C) | &nbsp;&nbsp;&nbsp;&nbsp;500 | 11237 |
| Keihan Holdings Company, Ltd. | &nbsp;&nbsp;2200 | 47456 |
| Keihanshin Building Company, Ltd. | &nbsp;&nbsp;2000 | 24629 |
| Keikyu Corp. | &nbsp;&nbsp;3000 | 29342 |
| Keio Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 20692 |
| Kenko Mayonnaise Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 10839 |
| KH Neochem Company, Ltd. | &nbsp;&nbsp;1500 | 23730 |
| Kimoto Company, Ltd. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;4811 |
| King Jim Company, Ltd. (C) | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;7353 |
| Kissei Pharmaceutical Company, Ltd. | &nbsp;&nbsp;1100 | 32621 |
| Ki-Star Real Estate Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 25198 |
| Kitz Corp. | &nbsp;&nbsp;1500 | 16714 |
| Koa Corp. | &nbsp;&nbsp;1700 | 14851 |
| Koatsu Gas Kogyo Company, Ltd. | &nbsp;&nbsp;3000 | 20053 |
| Kobe Electric Railway Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;4749 |
| Kohnan Shoji Company, Ltd. | &nbsp;&nbsp;1200 | 30751 |
| Kokuyo Company, Ltd. | &nbsp;&nbsp;2900 | 16202 |
| Komatsu Matere Company, Ltd. | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;9117 |
| KOMEDA Holdings Company, Ltd. | &nbsp;&nbsp;2000 | 38768 |
| Komeri Company, Ltd. | &nbsp;&nbsp;1500 | 32790 |
| Komori Corp. | &nbsp;&nbsp;2300 | 23302 |
| Kondotec, Inc. | &nbsp;&nbsp;1300 | 13077 |
| Konica Minolta, Inc. | 14200 | 61773 |
| Konishi Company, Ltd. | &nbsp;&nbsp;3100 | 26345 |
| Konoike Transport Company, Ltd. | &nbsp;&nbsp;1700 | 35671 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Kose Corp. | &nbsp;&nbsp;600 | $20087 |
| Koshidaka Holdings Company, Ltd. | 1500 | 11713 |
| Kotobuki Spirits Company, Ltd. | 2500 | 29280 |
| Kraftia Corp. | &nbsp;&nbsp;300 | 14754 |
| Krosaki Harima Corp. | &nbsp;&nbsp;500 | 13231 |
| KRS Corp. | 1100 | 20124 |
| K's Holdings Corp. | 5700 | 58860 |
| Kumagai Gumi Company, Ltd. | 5200 | 51365 |
| Kumiai Chemical Industry Company, Ltd. | 3400 | 15288 |
| Kura Sushi, Inc. | 1100 | 22774 |
| Kurabo Industries, Ltd. | &nbsp;&nbsp;300 | 16248 |
| Kuraray Company, Ltd. | 5000 | 50722 |
| Kureha Corp. | 1500 | 39080 |
| Kurimoto, Ltd. | 1000 | 10667 |
| Kusuri no Aoki Holdings Company, Ltd. | 2100 | 62753 |
| KYB Corp. | 2000 | 57070 |
| Kyodo Printing Company, Ltd. | 2000 | 20164 |
| Kyoei Steel, Ltd. | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;4690 |
| Kyokuto Kaihatsu Kogyo Company, Ltd. | &nbsp;&nbsp;900 | 17978 |
| Kyokuyo Company, Ltd. | &nbsp;&nbsp;700 | 21782 |
| Kyorin Pharmaceutical Company, Ltd. | 1900 | 18649 |
| Kyoritsu Maintenance Company, Ltd. | 2800 | 49913 |
| Kyosan Electric Manufacturing Company, Ltd. | 2000 | &nbsp;&nbsp;&nbsp;7795 |
| Kyushu Financial Group, Inc. | 6300 | 40916 |
| LA Holdings Company, Ltd. | &nbsp;&nbsp;200 | 10675 |
| LEC, Inc. | 1600 | 10715 |
| Leopalace21 Corp. | 6400 | 26886 |
| Life Corp. | 1600 | 26148 |
| Lifedrink Company, Inc. | 1600 | 17723 |
| LIFULL Company, Ltd. | 3800 | &nbsp;&nbsp;&nbsp;4316 |
| Link And Motivation, Inc. | 2300 | &nbsp;&nbsp;&nbsp;7518 |
| Lintec Corp. | 1900 | 53608 |
| Lion Corp. | 3600 | 37869 |
| Litalico, Inc. | 1300 | 10717 |
| M&A Capital Partners Company, Ltd. | 1000 | 21495 |
| Mabuchi Motor Company, Ltd. | 6400 | 58860 |
| Macnica Holdings, Inc. | 1300 | 19928 |
| Maeda Kosen Company, Ltd. | 2200 | 27858 |
| Maezawa Kasei Industries Company, Ltd. | 1100 | 15455 |
| Maezawa Kyuso Industries Company, Ltd. | 1800 | 18178 |
| Makino Milling Machine Company, Ltd. | &nbsp;&nbsp;800 | 56355 |
| Management Solutions Company, Ltd. | 1300 | 11452 |
| Mandom Corp. | 1600 | 27744 |
| Mani, Inc. | 3500 | 32440 |
| MarkLines Company, Ltd. | &nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;3849 |
| Mars Group Holdings Corp. | &nbsp;&nbsp;700 | 14297 |
| Marubun Corp. | &nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;1665 |
| Marudai Food Company, Ltd. | 1600 | 22453 |
| Maruha Nichiro Corp. | 4200 | 34495 |
| Maruichi Steel Tube, Ltd. | 8100 | 74997 |
| MARUKA FURUSATO Corp. (C) | &nbsp;&nbsp;700 | 10081 |
| Marvelous, Inc. | 1400 | &nbsp;&nbsp;&nbsp;4536 |
| Matsuda Sangyo Company, Ltd. | &nbsp;&nbsp;500 | 16830 |
| Matsui Securities Company, Ltd. | 4900 | 26745 |
| Matsuyafoods Holdings Company, Ltd. | &nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;8283 |
| Max Company, Ltd. | &nbsp;&nbsp;700 | 30972 |
| Maxell, Ltd. | 2200 | 33731 |
| Maxvalu Tokai Company, Ltd. | 1100 | 26033 |
| MCJ Company, Ltd. | 3200 | 32939 |
| MEC Company, Ltd. | &nbsp;&nbsp;700 | 22801 |
| Media Do Company, Ltd. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;6880 |
| Medikit Company, Ltd. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;9652 |
| Medley, Inc. (A) | &nbsp;&nbsp;800 | 12029 |
| Megmilk Snow Brand Company, Ltd. | 1400 | 28888 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 59 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Meidensha Corp. | &nbsp;&nbsp;800 | $28490 |
| Meiko Electronics Company, Ltd. | &nbsp;&nbsp;600 | 41037 |
| MEITEC Group Holdings, Inc. | 2000 | 45278 |
| Meito Company, Ltd. | &nbsp;&nbsp;900 | 13861 |
| Menicon Company, Ltd. | 2500 | 25520 |
| Mercari, Inc. (A) | 2600 | 52348 |
| METAWATER Company, Ltd. | 1600 | 34325 |
| Micronics Japan Company, Ltd. | &nbsp;&nbsp;800 | 35999 |
| Midac Holdings Company, Ltd. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;6129 |
| Mie Kotsu Group Holdings, Inc. | 3700 | 12757 |
| Milbon Company, Ltd. | &nbsp;&nbsp;912 | 14155 |
| MIRAIT ONE Corp. | 4240 | 94926 |
| Mirarth Holdings, Inc. | 6300 | 15542 |
| Miroku Jyoho Service Company, Ltd. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;8892 |
| Mitani Corp. | 2000 | 29311 |
| Mitani Sekisan Company, Ltd. | &nbsp;&nbsp;400 | 20920 |
| Mitsuba Corp. | 2300 | 15366 |
| Mitsubishi Logisnext Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;9814 |
| Mitsubishi Logistics Corp. | 2800 | 21391 |
| Mitsubishi Materials Corp. | 3900 | 91535 |
| Mitsubishi Paper Mills, Ltd. | 2600 | 10862 |
| Mitsubishi Pencil Company, Ltd. | 1500 | 20809 |
| Mitsubishi Research Institute, Inc. | &nbsp;&nbsp;500 | 15921 |
| Mitsubishi Steel Manufacturing Company, Ltd. | 1000 | 11987 |
| Mitsui DM Sugar Company, Ltd. | 1000 | 21272 |
| Mitsui High-Tec, Inc. | 2500 | 12121 |
| Mitsui Matsushima Holdings Company, Ltd. | 1500 | 13506 |
| Mitsui-Soko Holdings Company, Ltd. | 2700 | 64183 |
| Mitsuuroko Group Holdings Company, Ltd. | 1900 | 26743 |
| Miura Company, Ltd. | 1800 | 34960 |
| Mixi, Inc. | 1800 | 31298 |
| Mizuho Leasing Company, Ltd. | 4000 | 36075 |
| Mizuno Corp. | 1200 | 23710 |
| Mochida Pharmaceutical Company, Ltd. | &nbsp;&nbsp;900 | 20315 |
| Morinaga & Company, Ltd. | 3000 | 50837 |
| Morinaga Milk Industry Company, Ltd. | 3000 | 71323 |
| Morita Holdings Corp. | 2200 | 38778 |
| MOS Food Services, Inc. | 1000 | 27125 |
| MrMax Holdings, Ltd. | 1700 | &nbsp;&nbsp;&nbsp;8746 |
| m-up Holdings, Inc. | 4000 | 23143 |
| Musashi Seimitsu Industry Company, Ltd. | 1600 | 26083 |
| Nachi-Fujikoshi Corp. | &nbsp;&nbsp;600 | 16665 |
| Nafco Company, Ltd. | 1100 | 15597 |
| Nagano Keiki Company, Ltd. | &nbsp;&nbsp;800 | 12394 |
| Nagase & Company, Ltd. | 3000 | 73045 |
| Nagoya Railroad Company, Ltd. | 6500 | 69810 |
| Nakamuraya Company, Ltd. | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;5882 |
| Nakanishi, Inc. | 2600 | 32921 |
| Nakayama Steel Works, Ltd. | 1100 | &nbsp;&nbsp;&nbsp;4322 |
| Namura Shipbuilding Company, Ltd. | 1152 | 26003 |
| Nankai Electric Railway Company, Ltd. | 3000 | 56954 |
| Natori Company, Ltd. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;8507 |
| NEC Capital Solutions, Ltd. | &nbsp;&nbsp;800 | 20598 |
| Neturen Company, Ltd. | 2300 | 18727 |
| Nextage Company, Ltd. | 1900 | 33568 |
| Nice Corp. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;7430 |
| Nichias Corp. | 2300 | 99386 |
| Nichiban Company, Ltd. | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;8916 |
| Nichicon Corp. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;6282 |
| Nichiden Corp. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;9767 |
| Nichiha Corp. | 1200 | 25035 |
| Nichirei Corp. | 4600 | 54688 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Nichireki Group Company, Ltd. | &nbsp;&nbsp;1200 | $18708 |
| Nichirin Company, Ltd. | &nbsp;&nbsp;1040 | 24526 |
| Nifco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 24777 |
| Nihon Dempa Kogyo Company, Ltd. | &nbsp;&nbsp;2500 | 16293 |
| Nihon Flush Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;5319 |
| Nihon House Holdings Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;2035 |
| Nihon Kagaku Sangyo Company, Ltd. | &nbsp;&nbsp;1000 | 15735 |
| Nihon M&A Center Holdings, Inc. | &nbsp;&nbsp;9700 | 44539 |
| Nihon Parkerizing Company, Ltd. | &nbsp;&nbsp;3900 | 35490 |
| Nihon Tokushu Toryo Company, Ltd. | &nbsp;&nbsp;1000 | 14912 |
| Nikkiso Company, Ltd. | &nbsp;&nbsp;2100 | 21331 |
| Nikkon Holdings Company, Ltd. | &nbsp;&nbsp;4400 | 95828 |
| Nippn Corp. | &nbsp;&nbsp;1600 | 24320 |
| Nippon Air Conditioning Services Company, Ltd. | &nbsp;&nbsp;1600 | 13176 |
| Nippon Beet Sugar Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 21975 |
| Nippon Carbon Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 14094 |
| Nippon Chemical Industrial Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 12421 |
| Nippon Chemi-Con Corp. (A) | &nbsp;&nbsp;1100 | 10170 |
| Nippon Coke & Engineering Company, Ltd. (A) | 18000 | 12412 |
| Nippon Concrete Industries Company, Ltd. | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;5522 |
| Nippon Denko Company, Ltd. | &nbsp;&nbsp;6530 | 14933 |
| Nippon Densetsu Kogyo Company, Ltd. | &nbsp;&nbsp;2100 | 44476 |
| Nippon Electric Glass Company, Ltd. | &nbsp;&nbsp;2200 | 86496 |
| Nippon Gas Company, Ltd. | &nbsp;&nbsp;4300 | 81547 |
| Nippon Hume Corp. (C) | &nbsp;&nbsp;4000 | 38730 |
| Nippon Kayaku Company, Ltd. | &nbsp;&nbsp;5300 | 56909 |
| Nippon Kodoshi Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 17509 |
| Nippon Light Metal Holdings Company, Ltd. | &nbsp;&nbsp;2820 | 45893 |
| Nippon Paper Industries Company, Ltd. | &nbsp;&nbsp;4600 | 34137 |
| Nippon Parking Development Company, Ltd. | &nbsp;&nbsp;8400 | 13887 |
| Nippon Rietec Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;4358 |
| Nippon Seiki Company, Ltd. | &nbsp;&nbsp;1300 | 18118 |
| Nippon Sharyo, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 14493 |
| Nippon Sheet Glass Company, Ltd. (A) | &nbsp;&nbsp;4100 | 15449 |
| Nippon Shinyaku Company, Ltd. | &nbsp;&nbsp;1800 | 64862 |
| Nippon Shokubai Company, Ltd. | &nbsp;&nbsp;3200 | 40994 |
| Nippon Signal Company, Ltd. | &nbsp;&nbsp;3000 | 25081 |
| Nippon Soda Company, Ltd. | &nbsp;&nbsp;1200 | 27759 |
| Nippon Thompson Company, Ltd. | &nbsp;&nbsp;4700 | 24539 |
| Nippon Yakin Kogyo Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;8658 |
| Nipro Corp. | &nbsp;&nbsp;6700 | 63245 |
| Nishikawa Rubber Company, Ltd. | &nbsp;&nbsp;1600 | 32860 |
| Nishimatsu Construction Company, Ltd. | &nbsp;&nbsp;1500 | 54773 |
| Nishi-Nippon Financial Holdings, Inc. | &nbsp;&nbsp;3900 | 80005 |
| Nishi-Nippon Railroad Company, Ltd. | &nbsp;&nbsp;2400 | 42788 |
| Nishio Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 24189 |
| Nissan Shatai Company, Ltd. | &nbsp;&nbsp;3400 | 21994 |
| Nissei ASB Machine Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 20033 |
| Nissei Plastic Industrial Company, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;9000 |
| Nissha Company, Ltd. | &nbsp;&nbsp;2300 | 18364 |
| Nisshinbo Holdings, Inc. | &nbsp;&nbsp;4768 | 39997 |
| Nisso Holdings Company, Ltd. | &nbsp;&nbsp;2400 | 10923 |
| Nissui Corp. | &nbsp;&nbsp;9200 | 67100 |
| Nitta Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 21535 |
| Nittetsu Mining Company, Ltd. | &nbsp;&nbsp;3000 | 42861 |
| Nitto Kogyo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 15776 |
| Nitto Kohki Company, Ltd. | &nbsp;&nbsp;1000 | 11758 |
| Nitto Seiko Company, Ltd. | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;7707 |
| Noevir Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 23397 |
| Nojima Corp. | &nbsp;&nbsp;9600 | 72924 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 60 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| NOK Corp. | &nbsp;&nbsp;&nbsp;&nbsp;900 | $16151 |
| Noritake Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 18255 |
| Noritsu Koki Company, Ltd. | &nbsp;&nbsp;3000 | 35613 |
| Noritz Corp. | &nbsp;&nbsp;2100 | 26700 |
| North Pacific Bank, Ltd. | 12900 | 69783 |
| NPR-RIKEN Corp. | &nbsp;&nbsp;1200 | 27707 |
| NS Tool Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;4461 |
| NS United Kaiun Kaisha, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;3894 |
| NSD Company, Ltd. | &nbsp;&nbsp;2200 | 48653 |
| NSK, Ltd. | &nbsp;&nbsp;7100 | 44301 |
| NTN Corp. | 18400 | 43235 |
| Obara Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 14676 |
| Ohsho Food Service Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 12302 |
| Oiles Corp. | &nbsp;&nbsp;1380 | 20726 |
| Okabe Company, Ltd. | &nbsp;&nbsp;2600 | 16009 |
| Okamoto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 20953 |
| Okamura Corp. | &nbsp;&nbsp;2000 | 29263 |
| Okasan Securities Group, Inc. | &nbsp;&nbsp;7000 | 33676 |
| Oki Electric Industry Company, Ltd. | &nbsp;&nbsp;3000 | 38162 |
| Okinawa Cellular Telephone Company | &nbsp;&nbsp;1600 | 28923 |
| Okinawa Financial Group, Inc. | &nbsp;&nbsp;1140 | 34635 |
| OKUMA Corp. | &nbsp;&nbsp;2200 | 50980 |
| Okumura Corp. | &nbsp;&nbsp;1200 | 47486 |
| Okuwa Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;5399 |
| Onoken Company, Ltd. | &nbsp;&nbsp;1500 | 13679 |
| Onward Holdings Company, Ltd. | &nbsp;&nbsp;2400 | 11257 |
| Open Up Group, Inc. | &nbsp;&nbsp;1200 | 14127 |
| Optex Group Company, Ltd. | &nbsp;&nbsp;1900 | 31041 |
| Optim Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;2254 |
| Optorun Company, Ltd. | &nbsp;&nbsp;1100 | 13411 |
| Orient Corp. | &nbsp;&nbsp;3180 | 21617 |
| Oriental Shiraishi Corp. | &nbsp;&nbsp;7600 | 20106 |
| Oro Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;9380 |
| Osaka Organic Chemical Industry, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 20494 |
| Osaka Steel Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 12410 |
| Osaki Electric Company, Ltd. | &nbsp;&nbsp;3000 | 23816 |
| OSG Corp. | &nbsp;&nbsp;3900 | 56932 |
| Oyo Corp. | &nbsp;&nbsp;1300 | 23288 |
| Pacific Industrial Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 14433 |
| Pacific Metals Company, Ltd. | &nbsp;&nbsp;1100 | 15933 |
| PAL GROUP Holdings Company, Ltd. | &nbsp;&nbsp;2800 | 36282 |
| PALTAC Corp. | &nbsp;&nbsp;1200 | 36991 |
| Park24 Company, Ltd. | &nbsp;&nbsp;4200 | 56011 |
| Pasona Group, Inc. | &nbsp;&nbsp;1300 | 16769 |
| Penta-Ocean Construction Company, Ltd. | &nbsp;&nbsp;9900 | 99849 |
| PIA Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;8475 |
| Pickles Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;6755 |
| Pigeon Corp. | &nbsp;&nbsp;5500 | 56542 |
| PILLAR Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 15309 |
| Pilot Corp. | &nbsp;&nbsp;1200 | 37405 |
| Piolax, Inc. | &nbsp;&nbsp;1200 | 13283 |
| PKSHA Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;500 | 11199 |
| Pole To Win Holdings, Inc. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;4162 |
| Premium Group Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 11164 |
| Premium Water Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;8396 |
| Press Kogyo Company, Ltd. | &nbsp;&nbsp;2500 | 12968 |
| Prestige International, Inc. | &nbsp;&nbsp;5000 | 23240 |
| Prima Meat Packers, Ltd. | &nbsp;&nbsp;1500 | 25516 |
| Procrea Holdings, Inc. | &nbsp;&nbsp;2344 | 32609 |
| Pronexus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;4388 |
| PS Construction Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 14626 |
| Punch Industry Company, Ltd. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;4070 |
| QB Net Holdings Company, Ltd. | &nbsp;&nbsp;1800 | 15998 |
| Qol Holdings Company, Ltd. | &nbsp;&nbsp;1400 | 19126 |
| Quick Company, Ltd. | &nbsp;&nbsp;2400 | 14070 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Raccoon Holdings, Inc. | &nbsp;&nbsp;800 | $&nbsp;&nbsp;&nbsp;3304 |
| Raito Kogyo Company, Ltd. | 1300 | 28086 |
| Raiznext Corp. | 2000 | 31092 |
| Raksul, Inc. (A) | 1200 | 13503 |
| Rakus Company, Ltd. | 2400 | 15932 |
| Rasa Industries, Ltd. | &nbsp;&nbsp;600 | 24009 |
| Relo Group, Inc. | 2800 | 30639 |
| Rengo Company, Ltd. | 8600 | 66729 |
| RENOVA, Inc. (A) | 1400 | &nbsp;&nbsp;&nbsp;6111 |
| Resorttrust, Inc. | 4800 | 60056 |
| Retail Partners Company, Ltd. | &nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;2571 |
| Rheon Automatic Machinery Company, Ltd. | 1500 | 13934 |
| Ricoh Leasing Company, Ltd. | &nbsp;&nbsp;800 | 29828 |
| Riken Keiki Company, Ltd. | &nbsp;&nbsp;700 | 14312 |
| Riken Vitamin Company, Ltd. | 1400 | 26493 |
| Rion Company, Ltd. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;8380 |
| Riso Kyoiku Group Corp. | 3400 | &nbsp;&nbsp;&nbsp;4368 |
| Rock Field Company, Ltd. | 1000 | &nbsp;&nbsp;&nbsp;8592 |
| Rokko Butter Company, Ltd. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;4580 |
| Roland Corp. | &nbsp;&nbsp;700 | 15959 |
| Rorze Corp. | 2500 | 35837 |
| Round One Corp. | 5500 | 39270 |
| Royal Holdings Company, Ltd. (C) | 1200 | 10084 |
| Ryobi, Ltd. | 1400 | 24515 |
| Ryoden Corp. | &nbsp;&nbsp;800 | 18428 |
| Ryoyo Ryosan Holdings, Inc. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;9903 |
| S Foods, Inc. | &nbsp;&nbsp;900 | 15629 |
| S&B Foods, Inc. | &nbsp;&nbsp;700 | 17995 |
| Sac's Bar Holdings, Inc. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;2946 |
| Saibu Gas Holdings Company, Ltd. | 1500 | 21594 |
| Saizeriya Company, Ltd. | &nbsp;&nbsp;800 | 27934 |
| Sakai Chemical Industry Company, Ltd. | &nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;2033 |
| Sakai Moving Service Company, Ltd. | 1000 | 18287 |
| Sakata INX Corp. | 1200 | 18161 |
| Sakata Seed Corp. | &nbsp;&nbsp;500 | 13640 |
| Sala Corp. | 3000 | 21719 |
| San-A Company, Ltd. | 1400 | 26482 |
| San-Ai Obbli Company, Ltd. | 2700 | 36468 |
| Sangetsu Corp. | 2100 | 41736 |
| Sanken Electric Company, Ltd. (A) | &nbsp;&nbsp;900 | 33164 |
| Sanki Engineering Company, Ltd. | 1200 | 43953 |
| Sankyo Frontier Company, Ltd. | &nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;8145 |
| Sankyo Seiko Company, Ltd. | 3200 | 14285 |
| Sankyo Tateyama, Inc. | 2500 | 10152 |
| Sankyu, Inc. | 1000 | 54047 |
| Sanoh Industrial Company, Ltd. | 1900 | 10407 |
| Sansan, Inc. (A) | 1500 | 16595 |
| Sanshin Electronics Company, Ltd. | &nbsp;&nbsp;700 | 13977 |
| Sanyo Chemical Industries, Ltd. | &nbsp;&nbsp;600 | 20003 |
| Sanyo Denki Company, Ltd. | 1200 | 32163 |
| Sanyo Electric Railway Company, Ltd. | 1600 | 21297 |
| Sanyo Shokai, Ltd. | &nbsp;&nbsp;700 | 17382 |
| Sanyo Trading Company, Ltd. | 1200 | 11435 |
| Sato Corp. | 1700 | 26061 |
| Sawai Group Holdings Company, Ltd. | 4500 | 67718 |
| SBI ARUHI Corp. | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;2871 |
| SBS Holdings, Inc. | &nbsp;&nbsp;900 | 21687 |
| Scroll Corp. | 2300 | 19673 |
| Seika Corp. | 1500 | 22754 |
| Seikagaku Corp. | 1700 | &nbsp;&nbsp;&nbsp;7713 |
| Seikitokyu Kogyo Company, Ltd. | 1600 | 16837 |
| Seiko Group Corp. | 1400 | 65131 |
| Seino Holdings Company, Ltd. | 1400 | 21052 |
| Seiren Company, Ltd. | 1900 | 37064 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 61 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Sekisui Jushi Corp. | &nbsp;&nbsp;1600 | $21780 |
| Sekisui Kasei Company, Ltd. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;6375 |
| Senko Group Holdings Company, Ltd. | &nbsp;&nbsp;4700 | 58601 |
| Senshu Electric Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 20609 |
| Senshu Ikeda Holdings, Inc. | &nbsp;&nbsp;8000 | 40424 |
| Senshukai Company, Ltd. (A)(C) | &nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;4314 |
| Seria Company, Ltd. | &nbsp;&nbsp;2100 | 46510 |
| Seven Bank, Ltd. | 20300 | 39511 |
| Sharp Corp. (A) | &nbsp;&nbsp;7200 | 35416 |
| Shibaura Machine Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 16416 |
| Shibaura Mechatronics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;300 | 36252 |
| Shibuya Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 17611 |
| SHIFT, Inc. (A) | &nbsp;&nbsp;4500 | 28122 |
| Shikibo, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;7329 |
| Shikoku Electric Power Company, Inc. | &nbsp;&nbsp;5200 | 51555 |
| Shikoku Kasei Holdings Corp. | &nbsp;&nbsp;1700 | 29852 |
| Shima Seiki Manufacturing, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;7735 |
| Shimadaya Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;5593 |
| Shinagawa Refra Company, Ltd. | &nbsp;&nbsp;2100 | 28353 |
| Shindengen Electric Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 10750 |
| Shin-Etsu Polymer Company, Ltd. | &nbsp;&nbsp;1900 | 24328 |
| Shinko Shoji Company, Ltd. | &nbsp;&nbsp;1900 | 12948 |
| Shinmaywa Industries, Ltd. | &nbsp;&nbsp;2400 | 29356 |
| Shinnihon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;7802 |
| Shinwa Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 13876 |
| Ship Healthcare Holdings, Inc. | &nbsp;&nbsp;2600 | 43564 |
| Shizuoka Gas Company, Ltd. | &nbsp;&nbsp;2500 | 19182 |
| SHO-BOND Holdings Company, Ltd. | &nbsp;&nbsp;4000 | 33849 |
| Shoei Company, Ltd. | &nbsp;&nbsp;1600 | 18170 |
| Showa Sangyo Company, Ltd. | &nbsp;&nbsp;1000 | 19241 |
| SIGMAXYZ Holdings, Inc. | &nbsp;&nbsp;3600 | 18983 |
| Siix Corp. | &nbsp;&nbsp;1600 | 13376 |
| Sinanen Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 20110 |
| Sinfonia Technology Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 40576 |
| Sinko Industries, Ltd. | &nbsp;&nbsp;1900 | 17172 |
| Sintokogio, Ltd. | &nbsp;&nbsp;1900 | 13178 |
| SKY Perfect JSAT Holdings, Inc. | &nbsp;&nbsp;5600 | 71569 |
| Smaregi, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;7819 |
| SMK Corp. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;5052 |
| SMS Company, Ltd. | &nbsp;&nbsp;1600 | 13778 |
| Socionext, Inc. | &nbsp;&nbsp;4600 | 64449 |
| Sodick Company, Ltd. | &nbsp;&nbsp;2400 | 14737 |
| Softcreate Holdings Corp. | &nbsp;&nbsp;1400 | 19324 |
| Software Service, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;200 | 17315 |
| Soken Chemical & Engineering Company, Ltd. | &nbsp;&nbsp;1600 | 26860 |
| Solasto Corp. | &nbsp;&nbsp;3200 | 17319 |
| Sotetsu Holdings, Inc. | &nbsp;&nbsp;3500 | 62945 |
| Sparx Group Company, Ltd. | &nbsp;&nbsp;1480 | 15323 |
| S-Pool, Inc. | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;8688 |
| SRA Holdings | &nbsp;&nbsp;&nbsp;&nbsp;600 | 20128 |
| SRE Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;8518 |
| ST Corp. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;6773 |
| St. Marc Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 13755 |
| Star Mica Holdings Company, Ltd. | &nbsp;&nbsp;2200 | 19056 |
| Starts Corp., Inc. | &nbsp;&nbsp;1300 | 39770 |
| Starzen Company, Ltd. | &nbsp;&nbsp;1800 | 14421 |
| Strike Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 18248 |
| Studio Alice Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 11575 |
| Sugimoto & Company, Ltd. | &nbsp;&nbsp;1400 | 12505 |
| SUMCO Corp. | &nbsp;&nbsp;8000 | 73188 |
| Sumida Corp. | &nbsp;&nbsp;1600 | 11704 |
| Suminoe Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;7995 |
| Sumitomo Heavy Industries, Ltd. | &nbsp;&nbsp;1200 | 31824 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Sumitomo Osaka Cement Company, Ltd. | &nbsp;&nbsp;1500 | $&nbsp;&nbsp;&nbsp;36450 |
| Sumitomo Rubber Industries, Ltd. | &nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;52560 |
| Sumitomo Seika Chemicals Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;17240 |
| Sun Frontier Fudousan Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;15313 |
| Suruga Bank, Ltd. | &nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;39261 |
| Suzuken Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;35221 |
| SWCC Corp. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;79139 |
| Systena Corp. | 12200 | &nbsp;&nbsp;&nbsp;40108 |
| Syuppin Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;8811 |
| T Hasegawa Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;10817 |
| Tachibana Eletech Company, Ltd. | &nbsp;&nbsp;1360 | &nbsp;&nbsp;&nbsp;26687 |
| Tachi-S Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;7985 |
| Tadano, Ltd. | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;33946 |
| Taihei Dengyo Kaisha, Ltd. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;24878 |
| Taiho Kogyo Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;6257 |
| Taikisha, Ltd. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;37953 |
| Taisei Lamick Group Head Quarter & Innovation Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;8469 |
| Taiyo Holdings Company, Ltd. | &nbsp;&nbsp;4000 | 121621 |
| Taiyo Yuden Company, Ltd. | &nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;88106 |
| Takamatsu Construction Group Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;25677 |
| Takaoka Toko Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;17364 |
| Takara Bio, Inc. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;10645 |
| Takara Holdings, Inc. | &nbsp;&nbsp;5700 | &nbsp;&nbsp;&nbsp;58355 |
| Takara Standard Company, Ltd. | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;41017 |
| Takasago International Corp. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;18846 |
| Takashimaya Company, Ltd. | &nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;40908 |
| Takeuchi Manufacturing Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;43058 |
| Tama Home Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;4572 |
| Tamron Company, Ltd. | &nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;31721 |
| Tamura Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;2326 |
| Tanseisha Company, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;11048 |
| Tayca Corp. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;11844 |
| TDC Soft, Inc. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;20914 |
| TechMatrix Corp. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;29786 |
| Teijin, Ltd. | &nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;46789 |
| Teikoku Sen-I Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;25278 |
| Tekken Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;23194 |
| Tess Holdings Company, Ltd. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;5369 |
| The 77 Bank, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;77048 |
| The Akita Bank, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;28225 |
| The Awa Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;25176 |
| The Bank of Iwate, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;36469 |
| The Bank of Nagoya, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;41628 |
| The Bank of Saga, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;25824 |
| The Chiba Kogyo Bank, Ltd. | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;16201 |
| The Chugoku Electric Power Company, Inc. | &nbsp;&nbsp;7900 | &nbsp;&nbsp;&nbsp;50257 |
| The Ehime Bank, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;19995 |
| The First Bank of Toyama, Ltd. | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;32502 |
| The Hyakugo Bank, Ltd. | &nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;70245 |
| The Hyakujushi Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;34018 |
| The Keiyo Bank, Ltd. | &nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;46811 |
| The Kita-Nippon Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;20200 |
| The Kiyo Bank, Ltd. | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;47986 |
| The Miyazaki Bank, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;41689 |
| The Monogatari Corp. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;33757 |
| The Musashino Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;27962 |
| The Nanto Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;30396 |
| The Nisshin Oillio Group, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;40215 |
| The Ogaki Kyoritsu Bank, Ltd. | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;47934 |
| The Oita Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;37191 |
| The Okinawa Electric Power Company, Inc. | &nbsp;&nbsp;1990 | &nbsp;&nbsp;&nbsp;14186 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 62 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| The Pack Corp. | &nbsp;&nbsp;2400 | $19788 |
| The San-In Godo Bank, Ltd. | &nbsp;&nbsp;4300 | 40872 |
| The Shiga Bank, Ltd. | &nbsp;&nbsp;1700 | 77893 |
| The Shikoku Bank, Ltd. | &nbsp;&nbsp;2800 | 31458 |
| The Shimizu Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;7745 |
| The Sumitomo Warehouse Company, Ltd. | &nbsp;&nbsp;1824 | 41384 |
| The Tochigi Bank, Ltd. | &nbsp;&nbsp;8000 | 37093 |
| The Toho Bank, Ltd. | 12000 | 41458 |
| The Tohoku Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;3657 |
| The Tottori Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;3955 |
| The Towa Bank, Ltd. | &nbsp;&nbsp;2900 | 19914 |
| The Yamagata Bank, Ltd. | &nbsp;&nbsp;2000 | 24672 |
| The Yamanashi Chuo Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 18043 |
| Tigers Polymer Corp. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;6288 |
| TKC Corp. | &nbsp;&nbsp;1300 | 35801 |
| Toa Corp. (Hyogo) | &nbsp;&nbsp;1400 | 14348 |
| Toa Corp. (Tokyo) | &nbsp;&nbsp;1300 | 23527 |
| Toagosei Company, Ltd. | &nbsp;&nbsp;4300 | 45130 |
| Tobishima Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;720 | 10830 |
| Tobu Railway Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 13478 |
| TOC Company, Ltd. | &nbsp;&nbsp;3400 | 18388 |
| Tocalo Company, Ltd. | &nbsp;&nbsp;1400 | 19904 |
| Toda Corp. | &nbsp;&nbsp;8400 | 67973 |
| Toda Kogyo Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;2200 |
| Toei Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 17444 |
| Toenec Corp. | &nbsp;&nbsp;3000 | 37059 |
| Toho Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 14937 |
| Toho Gas Company, Ltd. | &nbsp;&nbsp;1300 | 38745 |
| Toho Holdings Company, Ltd. | &nbsp;&nbsp;1300 | 38722 |
| Toho Titanium Company, Ltd. | &nbsp;&nbsp;1300 | 10979 |
| Toho Zinc Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;5276 |
| Tokai Carbon Company, Ltd. | &nbsp;&nbsp;6700 | 41466 |
| Tokai Corp. | &nbsp;&nbsp;1200 | 19262 |
| TOKAI Holdings Corp. | &nbsp;&nbsp;4000 | 27609 |
| Tokai Rika Company, Ltd. | &nbsp;&nbsp;2600 | 51858 |
| Tokai Tokyo Financial Holdings, Inc. | &nbsp;&nbsp;8400 | 36863 |
| Token Corp. | &nbsp;&nbsp;&nbsp;&nbsp;210 | 19664 |
| Tokushu Tokai Paper Company, Ltd. | &nbsp;&nbsp;1800 | 18155 |
| Tokuyama Corp. | &nbsp;&nbsp;1800 | 47370 |
| Tokyo Base Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;2651 |
| Tokyo Electron Device, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 13033 |
| Tokyo Energy & Systems, Inc. | &nbsp;&nbsp;2000 | 23454 |
| Tokyo Kiraboshi Financial Group, Inc. | &nbsp;&nbsp;1136 | 63120 |
| Tokyo Rope Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;2075 |
| Tokyo Seimitsu Company, Ltd. | &nbsp;&nbsp;1300 | 92163 |
| Tokyo Steel Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;6600 |
| Tokyo Tekko Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | 15782 |
| Tokyo Theatres Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;8757 |
| Tokyotokeiba Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 21760 |
| Tokyu Construction Company, Ltd. | &nbsp;&nbsp;3900 | 32599 |
| Tomato Bank, Ltd. | &nbsp;&nbsp;1100 | 10424 |
| Tomoku Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 11276 |
| TOMONY Holdings, Inc. | &nbsp;&nbsp;5200 | 26029 |
| Tomy Company, Ltd. | &nbsp;&nbsp;2900 | 51089 |
| Topre Corp. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 10600 |
| Topy Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 13850 |
| Torex Semiconductor, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;6440 |
| Toridoll Holdings Corp. | &nbsp;&nbsp;1200 | 32452 |
| Torishima Pump Manufacturing Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 11606 |
| Tosei Corp. | &nbsp;&nbsp;3200 | 35072 |
| Toshiba TEC Corp. | &nbsp;&nbsp;1100 | 19298 |
| Tosho Company, Ltd. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;6467 |
| Totetsu Kogyo Company, Ltd. | &nbsp;&nbsp;1000 | 29016 |
| Towa Pharmaceutical Company, Ltd. | &nbsp;&nbsp;1500 | 34833 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| Toyo Denki Seizo KK | &nbsp;&nbsp;&nbsp;&nbsp;600 | $&nbsp;&nbsp;&nbsp;8104 |
| Toyo Gosei Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;300 | 13508 |
| Toyo Kanetsu KK | &nbsp;&nbsp;&nbsp;&nbsp;800 | 12682 |
| Toyo Tanso Company, Ltd. | &nbsp;&nbsp;1000 | 30818 |
| Toyo Wharf & Warehouse Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;6545 |
| Toyobo Company, Ltd. | &nbsp;&nbsp;4093 | 32932 |
| Toyoda Gosei Company, Ltd. | &nbsp;&nbsp;2000 | 50421 |
| Toyota Boshoku Corp. | &nbsp;&nbsp;2100 | 33788 |
| TPR Company, Ltd. | &nbsp;&nbsp;2800 | 23089 |
| Transaction Company, Ltd. | &nbsp;&nbsp;3400 | 23848 |
| Transcosmos, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | 19815 |
| Tri Chemical Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;8620 |
| Trusco Nakayama Corp. | &nbsp;&nbsp;2200 | 33810 |
| TS Tech Company, Ltd. | &nbsp;&nbsp;3100 | 36484 |
| TSI Holdings Company, Ltd. | &nbsp;&nbsp;1870 | 12477 |
| Tsubaki Nakashima Company, Ltd. (A) | &nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;5188 |
| Tsubakimoto Chain Company | &nbsp;&nbsp;3600 | 53158 |
| Tsuburaya Fields Holdings, Inc. | &nbsp;&nbsp;2100 | 24802 |
| Tsugami Corp. | &nbsp;&nbsp;1600 | 29402 |
| Tsukishima Holdings Company, Ltd. | &nbsp;&nbsp;2000 | 36047 |
| Tsukuba Bank, Ltd. | &nbsp;&nbsp;5700 | 15153 |
| Tsumura & Company | &nbsp;&nbsp;2600 | 67525 |
| Tsurumi Manufacturing Company, Ltd. | &nbsp;&nbsp;2000 | 27412 |
| TV Asahi Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | 10640 |
| UACJ Corp. | &nbsp;&nbsp;4012 | 54343 |
| UBE Corp. | &nbsp;&nbsp;3000 | 49266 |
| Ubicom Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;3326 |
| Uchida Yoko Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | 27354 |
| Ulvac, Inc. | &nbsp;&nbsp;1100 | 49824 |
| U-Next Holdings Company, Ltd. | &nbsp;&nbsp;1500 | 19152 |
| Unipres Corp. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;1640 |
| United Arrows, Ltd. | &nbsp;&nbsp;1600 | 25105 |
| United Super Markets Holdings, Inc. | &nbsp;&nbsp;2838 | 16355 |
| UNITED, Inc. | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;8266 |
| Universal Entertainment Corp. (A) | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;6094 |
| Ushio, Inc. | &nbsp;&nbsp;2600 | 41608 |
| UT Group Company, Ltd. | 22500 | 28512 |
| V Technology Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;7598 |
| Valor Holdings Company, Ltd. | &nbsp;&nbsp;1700 | 36576 |
| Valqua, Ltd. | &nbsp;&nbsp;1000 | 25908 |
| Value HR Company, Ltd. (C) | &nbsp;&nbsp;1200 | 12184 |
| ValueCommerce Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;3824 |
| Vector, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;6122 |
| Vertex Corp. | &nbsp;&nbsp;2200 | 18374 |
| Vision, Inc. | &nbsp;&nbsp;3300 | 27254 |
| Visional, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;900 | 57524 |
| Vital KSK Holdings, Inc. | &nbsp;&nbsp;2100 | 18365 |
| VT Holdings Company, Ltd. | &nbsp;&nbsp;6600 | 22593 |
| Wacoal Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400 | 11286 |
| Wacom Company, Ltd. | &nbsp;&nbsp;2700 | 13997 |
| Wakachiku Construction Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 27411 |
| Wakita & Company, Ltd. | &nbsp;&nbsp;2300 | 28331 |
| Warabeya Nichiyo Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | 18853 |
| Watahan & Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;5680 |
| WDB Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;7232 |
| Weathernews, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | 15096 |
| Wellneo Sugar Company, Ltd. | &nbsp;&nbsp;1100 | 19831 |
| West Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;716 | &nbsp;&nbsp;&nbsp;6968 |
| Will Group, Inc. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;9161 |
| WingArc1st, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;4647 |
| World Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | 13820 |
| World Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;9909 |
| Wowow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;5547 |
| Yahagi Construction Company, Ltd. | &nbsp;&nbsp;2000 | 29766 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 63 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Japan (continued)** |  |  |
| YAKUODO Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9676 |
| YAMABIKO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15197 |
| YAMADA Consulting Group Company, Ltd. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12407 |
| Yamae Group Holdings Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16179 |
| Yamaguchi Financial Group, Inc. | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40725 |
| Yamazen Corp. | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18032 |
| Yasuda Logistics Corp. | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19708 |
| Yellow Hat, Ltd. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25129 |
| Yodoko, Ltd. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21727 |
| Yokogawa Bridge Holdings Corp. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19317 |
| Yokorei Company, Ltd. | &nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23404 |
| Yokowo Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17285 |
| Yomeishu Seizo Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17470 |
| Yondoshi Holdings, Inc. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14832 |
| Yonex Company, Ltd. | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44481 |
| Yorozu Corp. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11551 |
| Yoshinoya Holdings Company, Ltd. | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48915 |
| Yuasa Trading Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23857 |
| Yukiguni Factory Company, Ltd. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6716 |
| Yurtec Corp. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35171 |
| Yushiro, Inc. | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19684 |
| Zacros Corp. | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23624 |
| Zenkoku Hosho Company, Ltd. | &nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47842 |
| Zenrin Company, Ltd. | &nbsp;&nbsp;1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13122 |
| Zeon Corp. | &nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43491 |
| ZERIA Pharmaceutical Company, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16064 |
| ZIGExN Company, Ltd. | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5524 |
|  |  | 24499123 |
| **Liechtenstein - 0.1%** |  |  |
| Liechtensteinische Landesbank AG | &nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62068 |
| VP Bank AG, Class A | &nbsp;&nbsp;&nbsp;&nbsp;188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19973 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82041 |
| **Luxembourg - 0.5%** |  |  |
| APERAM SA | &nbsp;&nbsp;1921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79337 |
| Aroundtown SA (A) | 34053 | &nbsp;&nbsp;&nbsp;&nbsp;105427 |
| Befesa SA (D) | &nbsp;&nbsp;1789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61826 |
| d'Amico International Shipping SA | &nbsp;&nbsp;3434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19973 |
| Eurofins Scientific SE | &nbsp;&nbsp;1739 | &nbsp;&nbsp;&nbsp;&nbsp;127170 |
| Grand City Properties SA (A) | &nbsp;&nbsp;2964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34173 |
| RTL Group SA (C) | &nbsp;&nbsp;1577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63484 |
| SES SA | 17182 | &nbsp;&nbsp;&nbsp;&nbsp;111120 |
| Sword Group | &nbsp;&nbsp;&nbsp;&nbsp;278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11713 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;614223 |
| **Macau - 0.0%** |  |  |
| MECOM Power and Construction, Ltd. (A) | 87750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1525 |
| Wynn Macau, Ltd. | 29200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23847 |
| **Malaysia - 0.0%** |  |  |
| Frencken Group, Ltd. | 15400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16473 |
| **Mauritius - 0.0%** |  |  |
| Capital, Ltd. | &nbsp;&nbsp;9014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13880 |
| **Mongolia - 0.0%** |  |  |
| Mongolian Mining Corp. (A) | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16247 |
| **Netherlands - 2.4%** |  |  |
| Aalberts NV | &nbsp;&nbsp;2473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81517 |
| Acomo NV | &nbsp;&nbsp;&nbsp;&nbsp;876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25058 |
| Aegon, Ltd. | &nbsp;&nbsp;3068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23858 |
| Aegon, Ltd., NYRS | 13476 | &nbsp;&nbsp;&nbsp;&nbsp;103900 |
| Akzo Nobel NV | &nbsp;&nbsp;3257 | &nbsp;&nbsp;&nbsp;&nbsp;226623 |
| Alfen N.V. (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8412 |
| AMG Critical Materials NV | &nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44974 |
| Arcadis NV | &nbsp;&nbsp;2707 | &nbsp;&nbsp;&nbsp;&nbsp;112918 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Netherlands (continued)** |  |  |
| Argo Properties NV (A) | &nbsp;&nbsp;&nbsp;&nbsp;283 | $&nbsp;&nbsp;&nbsp;&nbsp;11533 |
| Basic-Fit NV (A)(D) | &nbsp;&nbsp;2099 | &nbsp;&nbsp;&nbsp;&nbsp;72869 |
| BE Semiconductor Industries NV | &nbsp;&nbsp;1215 | &nbsp;&nbsp;&nbsp;&nbsp;189948 |
| Brunel International NV (C) | &nbsp;&nbsp;1169 | &nbsp;&nbsp;&nbsp;&nbsp;10628 |
| Corbion NV | &nbsp;&nbsp;1806 | &nbsp;&nbsp;&nbsp;&nbsp;39366 |
| CTP NV (D) | &nbsp;&nbsp;2873 | &nbsp;&nbsp;&nbsp;&nbsp;60202 |
| Flow Traders, Ltd. (A) | &nbsp;&nbsp;1631 | &nbsp;&nbsp;&nbsp;&nbsp;48182 |
| ForFarmers NV | &nbsp;&nbsp;2398 | &nbsp;&nbsp;&nbsp;&nbsp;12453 |
| Fugro NV | &nbsp;&nbsp;3425 | &nbsp;&nbsp;&nbsp;&nbsp;34111 |
| IMCD NV | &nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;132331 |
| Innoconcepts NV (A)(B) | 10527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Kendrion NV | &nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;&nbsp;20414 |
| Koninklijke BAM Groep NV | 13114 | &nbsp;&nbsp;&nbsp;&nbsp;143016 |
| Koninklijke Heijmans NV | &nbsp;&nbsp;1599 | &nbsp;&nbsp;&nbsp;&nbsp;126878 |
| Koninklijke Vopak NV | &nbsp;&nbsp;2696 | &nbsp;&nbsp;&nbsp;&nbsp;120132 |
| Nedap NV | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;23761 |
| Pharming Group NV (A) | 30666 | &nbsp;&nbsp;&nbsp;&nbsp;51245 |
| PostNL NV | 17290 | &nbsp;&nbsp;&nbsp;&nbsp;21509 |
| PPHE Hotel Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;592 | &nbsp;&nbsp;&nbsp;&nbsp;14281 |
| QIAGEN NV | &nbsp;&nbsp;2056 | &nbsp;&nbsp;&nbsp;&nbsp;93500 |
| QIAGEN NV (New York Stock Exchange) (C) | &nbsp;&nbsp;5087 | &nbsp;&nbsp;&nbsp;&nbsp;228762 |
| Randstad NV | &nbsp;&nbsp;3405 | &nbsp;&nbsp;&nbsp;&nbsp;129271 |
| SBM Offshore NV | &nbsp;&nbsp;5505 | &nbsp;&nbsp;&nbsp;&nbsp;158390 |
| SIF Holding NV (A) | &nbsp;&nbsp;&nbsp;&nbsp;588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4654 |
| Signify NV (D) | &nbsp;&nbsp;5215 | &nbsp;&nbsp;&nbsp;&nbsp;128244 |
| Sligro Food Group NV | &nbsp;&nbsp;1151 | &nbsp;&nbsp;&nbsp;&nbsp;13646 |
| TKH Group NV | &nbsp;&nbsp;1628 | &nbsp;&nbsp;&nbsp;&nbsp;69800 |
| TomTom NV (A) | &nbsp;&nbsp;3258 | &nbsp;&nbsp;&nbsp;&nbsp;20893 |
| Van Lanschot Kempen NV | &nbsp;&nbsp;1307 | &nbsp;&nbsp;&nbsp;&nbsp;81030 |
|  |  | 2688309 |
| **New Zealand - 0.4%** |  |  |
| Air New Zealand, Ltd. | 37974 | &nbsp;&nbsp;&nbsp;&nbsp;12679 |
| Channel Infrastructure NZ, Ltd. | 12625 | &nbsp;&nbsp;&nbsp;&nbsp;21230 |
| Delegat Group, Ltd. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3195 |
| Fletcher Building, Ltd. (A) | &nbsp;&nbsp;8100 | &nbsp;&nbsp;&nbsp;&nbsp;17148 |
| Freightways Group, Ltd. | &nbsp;&nbsp;5690 | &nbsp;&nbsp;&nbsp;&nbsp;47349 |
| Genesis Energy, Ltd. | &nbsp;&nbsp;8490 | &nbsp;&nbsp;&nbsp;&nbsp;11742 |
| Gentrack Group, Ltd. (A) | &nbsp;&nbsp;3060 | &nbsp;&nbsp;&nbsp;&nbsp;14818 |
| Hallenstein Glasson Holdings, Ltd. | &nbsp;&nbsp;3354 | &nbsp;&nbsp;&nbsp;&nbsp;18987 |
| Heartland Group Holdings, Ltd. | 31010 | &nbsp;&nbsp;&nbsp;&nbsp;20888 |
| Investore Property, Ltd. | 15094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9929 |
| KMD Brands, Ltd. (A) | 25838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4256 |
| NZME, Ltd. | 13259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8669 |
| NZX, Ltd. | 18453 | &nbsp;&nbsp;&nbsp;&nbsp;16573 |
| Oceania Healthcare, Ltd. (A) | 41920 | &nbsp;&nbsp;&nbsp;&nbsp;22197 |
| Pacific Edge, Ltd. (A) | 27936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2977 |
| PGG Wrightson, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017 |
| Ryman Healthcare, Ltd. (A) | 14665 | &nbsp;&nbsp;&nbsp;&nbsp;24472 |
| Sanford, Ltd. | &nbsp;&nbsp;2767 | &nbsp;&nbsp;&nbsp;&nbsp;11781 |
| Scales Corp., Ltd. | &nbsp;&nbsp;5176 | &nbsp;&nbsp;&nbsp;&nbsp;17776 |
| Serko, Ltd. (A) | &nbsp;&nbsp;2827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4937 |
| Skellerup Holdings, Ltd. | &nbsp;&nbsp;7637 | &nbsp;&nbsp;&nbsp;&nbsp;23081 |
| SKY Network Television, Ltd. | &nbsp;&nbsp;6265 | &nbsp;&nbsp;&nbsp;&nbsp;12305 |
| SKYCITY Entertainment Group, Ltd. (A) | 29610 | &nbsp;&nbsp;&nbsp;&nbsp;15335 |
| Summerset Group Holdings, Ltd. | &nbsp;&nbsp;5559 | &nbsp;&nbsp;&nbsp;&nbsp;39349 |
| The Warehouse Group, Ltd. (A) | &nbsp;&nbsp;9894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4134 |
| Tourism Holdings, Ltd. | &nbsp;&nbsp;7292 | &nbsp;&nbsp;&nbsp;&nbsp;10810 |
| TOWER, Ltd. | 10300 | &nbsp;&nbsp;&nbsp;&nbsp;11962 |
| Turners Automotive Group, Ltd. | &nbsp;&nbsp;2619 | &nbsp;&nbsp;&nbsp;&nbsp;12492 |
| Vista Group International, Ltd. (A) | &nbsp;&nbsp;7682 | &nbsp;&nbsp;&nbsp;&nbsp;11538 |
| Vulcan Steel, Ltd. | &nbsp;&nbsp;2932 | &nbsp;&nbsp;&nbsp;&nbsp;13550 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;447176 |
| **Norway - 0.7%** |  |  |
| ABG Sundal Collier Holding ASA | 24237 | &nbsp;&nbsp;&nbsp;&nbsp;19793 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 64 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Norway (continued)** |  |  |
| AF Gruppen ASA | &nbsp;&nbsp;&nbsp;&nbsp;717 | $&nbsp;&nbsp;&nbsp;13355 |
| Akastor ASA | &nbsp;&nbsp;6104 | &nbsp;&nbsp;&nbsp;&nbsp;6722 |
| Aker Solutions ASA | &nbsp;&nbsp;7131 | &nbsp;&nbsp;&nbsp;21801 |
| ArcticZymes Technologies ASA (A) | &nbsp;&nbsp;&nbsp;&nbsp;962 | &nbsp;&nbsp;&nbsp;&nbsp;1953 |
| Atea ASA (A) | &nbsp;&nbsp;2860 | &nbsp;&nbsp;&nbsp;44687 |
| Axactor ASA (A) | 14729 | &nbsp;&nbsp;&nbsp;11381 |
| B2 Impact ASA | &nbsp;&nbsp;8867 | &nbsp;&nbsp;&nbsp;16011 |
| BLUENORD ASA (A) | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;40287 |
| Bonheur ASA | &nbsp;&nbsp;1411 | &nbsp;&nbsp;&nbsp;35109 |
| Bouvet ASA | &nbsp;&nbsp;3002 | &nbsp;&nbsp;&nbsp;18330 |
| BW Offshore, Ltd. | &nbsp;&nbsp;4568 | &nbsp;&nbsp;&nbsp;20417 |
| Cloudberry Clean Energy ASA (A) | &nbsp;&nbsp;5431 | &nbsp;&nbsp;&nbsp;&nbsp;6939 |
| DNO ASA | 18710 | &nbsp;&nbsp;&nbsp;29527 |
| Elkem ASA (A)(D) | &nbsp;&nbsp;6721 | &nbsp;&nbsp;&nbsp;20267 |
| Elmera Group ASA (D) | &nbsp;&nbsp;5860 | &nbsp;&nbsp;&nbsp;22273 |
| Elopak ASA | &nbsp;&nbsp;2737 | &nbsp;&nbsp;&nbsp;15045 |
| Europris ASA (D) | &nbsp;&nbsp;6315 | &nbsp;&nbsp;&nbsp;59886 |
| Grieg Seafood ASA (A) | &nbsp;&nbsp;2264 | &nbsp;&nbsp;&nbsp;17446 |
| Hexagon Composites ASA (A) | &nbsp;&nbsp;6450 | &nbsp;&nbsp;&nbsp;&nbsp;4929 |
| Hexagon Purus ASA (A) | &nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315 |
| Kid ASA (D) | &nbsp;&nbsp;1128 | &nbsp;&nbsp;&nbsp;15104 |
| Kitron ASA | &nbsp;&nbsp;9158 | &nbsp;&nbsp;&nbsp;65967 |
| LINK Mobility Group Holding ASA (A) | &nbsp;&nbsp;9965 | &nbsp;&nbsp;&nbsp;33421 |
| Medistim ASA | &nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp;&nbsp;&nbsp;9040 |
| MPC Container Ships ASA | 15398 | &nbsp;&nbsp;&nbsp;26837 |
| Multiconsult ASA (D) | &nbsp;&nbsp;&nbsp;&nbsp;554 | &nbsp;&nbsp;&nbsp;&nbsp;9726 |
| Norske Skog ASA (A)(D) | &nbsp;&nbsp;1815 | &nbsp;&nbsp;&nbsp;&nbsp;3049 |
| Norwegian Air Shuttle ASA | 11101 | &nbsp;&nbsp;&nbsp;19136 |
| Panoro Energy ASA (A) | &nbsp;&nbsp;3699 | &nbsp;&nbsp;&nbsp;&nbsp;7402 |
| Paratus Energy Services, Ltd. | &nbsp;&nbsp;4712 | &nbsp;&nbsp;&nbsp;20525 |
| Pareto Bank ASA | &nbsp;&nbsp;1457 | &nbsp;&nbsp;&nbsp;13148 |
| PhotoCure ASA (A) | &nbsp;&nbsp;2625 | &nbsp;&nbsp;&nbsp;18535 |
| SATS ASA (A) | &nbsp;&nbsp;5362 | &nbsp;&nbsp;&nbsp;21521 |
| Scatec ASA (A)(D) | &nbsp;&nbsp;4993 | &nbsp;&nbsp;&nbsp;52488 |
| Selvaag Bolig ASA | &nbsp;&nbsp;1842 | &nbsp;&nbsp;&nbsp;&nbsp;6712 |
| SmartCraft ASA (A) | &nbsp;&nbsp;4384 | &nbsp;&nbsp;&nbsp;10844 |
| Solstad Maritime Holding AS | &nbsp;&nbsp;1586 | &nbsp;&nbsp;&nbsp;&nbsp;2873 |
| Sparebanken More | &nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;14260 |
| TGS ASA | &nbsp;&nbsp;2915 | &nbsp;&nbsp;&nbsp;26425 |
|  |  | 803486 |
| **Peru - 0.1%** |  |  |
| Hochschild Mining PLC | 21070 | 144850 |
| **Poland - 0.1%** |  |  |
| InPost SA (A) | &nbsp;&nbsp;4504 | &nbsp;&nbsp;&nbsp;55348 |
| **Portugal - 0.4%** |  |  |
| Altri SGPS SA (C) | &nbsp;&nbsp;2851 | &nbsp;&nbsp;&nbsp;15070 |
| Banco Comercial Portugues SA | 99765 | 105018 |
| Corticeira Amorim SGPS SA | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;16292 |
| CTT-Correios de Portugal SA | &nbsp;&nbsp;4239 | &nbsp;&nbsp;&nbsp;36963 |
| Galp Energia SGPS SA | &nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;32081 |
| Mota-Engil SGPS SA | &nbsp;&nbsp;5636 | &nbsp;&nbsp;&nbsp;32718 |
| NOS SGPS SA | &nbsp;&nbsp;4757 | &nbsp;&nbsp;&nbsp;22424 |
| REN - Redes Energeticas Nacionais SGPS SA | 14895 | &nbsp;&nbsp;&nbsp;56295 |
| Sonae SGPS SA | 34734 | &nbsp;&nbsp;&nbsp;65789 |
| The Navigator Company SA | &nbsp;&nbsp;6459 | &nbsp;&nbsp;&nbsp;23822 |
|  |  | 406472 |
| **Singapore - 1.2%** |  |  |
| AEM Holdings, Ltd. (A) | &nbsp;&nbsp;9191 | &nbsp;&nbsp;&nbsp;12252 |
| ASMPT, Ltd. | &nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;67728 |
| Banyan Tree Holdings, Ltd. | 19800 | &nbsp;&nbsp;&nbsp;&nbsp;9616 |
| Boustead Singapore, Ltd. | 10879 | &nbsp;&nbsp;&nbsp;14713 |
| Bukit Sembawang Estates, Ltd. | 11000 | &nbsp;&nbsp;&nbsp;40895 |
| Capitaland India Trust | 50467 | &nbsp;&nbsp;&nbsp;47860 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Singapore (continued)** |  |  |
| China Aviation Oil Singapore Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14400 | $&nbsp;&nbsp;&nbsp;&nbsp;18588 |
| City Developments, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7300 | &nbsp;&nbsp;&nbsp;&nbsp;45406 |
| ComfortDelGro Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69000 | &nbsp;&nbsp;&nbsp;&nbsp;79362 |
| COSCO Shipping International Singapore Company, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;58900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5541 |
| CSE Global, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;38129 | &nbsp;&nbsp;&nbsp;&nbsp;29132 |
| Delfi, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;21900 | &nbsp;&nbsp;&nbsp;&nbsp;13700 |
| Ezion Holdings, Ltd. (A)(B) | &nbsp;&nbsp;131300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Far East Orchard, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4959 |
| First Resources, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;19300 | &nbsp;&nbsp;&nbsp;&nbsp;31377 |
| Fraser and Neave, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;8600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9833 |
| Frasers Property, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;16800 | &nbsp;&nbsp;&nbsp;&nbsp;14755 |
| Gallant Venture, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;71000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4844 |
| Golden Agri-Resources, Ltd. | &nbsp;&nbsp;183600 | &nbsp;&nbsp;&nbsp;&nbsp;40661 |
| GuocoLand, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp;&nbsp;17467 |
| Haw Par Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;57273 |
| Ho Bee Land, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;19592 |
| Hong Fok Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;20100 | &nbsp;&nbsp;&nbsp;&nbsp;12893 |
| Hong Leong Finance, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;12900 | &nbsp;&nbsp;&nbsp;&nbsp;26286 |
| Hyflux, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| iFAST Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;25150 |
| IGG, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38000 | &nbsp;&nbsp;&nbsp;&nbsp;18640 |
| Indofood Agri Resources, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7196 |
| Keppel Infrastructure Trust | &nbsp;&nbsp;112549 | &nbsp;&nbsp;&nbsp;&nbsp;42865 |
| Metro Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;31600 | &nbsp;&nbsp;&nbsp;&nbsp;12169 |
| Midas Holdings, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Nanofilm Technologies International, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2951 |
| NetLink NBN Trust | &nbsp;&nbsp;&nbsp;&nbsp;91100 | &nbsp;&nbsp;&nbsp;&nbsp;68359 |
| Oceanus Group, Ltd. (A) | 1035500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3195 |
| Olam Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;28200 | &nbsp;&nbsp;&nbsp;&nbsp;21033 |
| OM Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;10791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1909 |
| OUE, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;11100 | &nbsp;&nbsp;&nbsp;&nbsp;10274 |
| Oxley Holdings, Ltd. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;27222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1861 |
| Raffles Medical Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;35758 | &nbsp;&nbsp;&nbsp;&nbsp;28363 |
| Riverstone Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;32900 | &nbsp;&nbsp;&nbsp;&nbsp;22251 |
| SATS, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;8800 | &nbsp;&nbsp;&nbsp;&nbsp;26048 |
| SBS Transit, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;12443 |
| Seatrium, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;34600 | &nbsp;&nbsp;&nbsp;&nbsp;58010 |
| Sheng Siong Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;29900 | &nbsp;&nbsp;&nbsp;&nbsp;61125 |
| SIA Engineering Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;12800 | &nbsp;&nbsp;&nbsp;&nbsp;35832 |
| Singapore Land Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;17323 |
| Singapore Post, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;66100 | &nbsp;&nbsp;&nbsp;&nbsp;20816 |
| Stamford Land Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;69044 | &nbsp;&nbsp;&nbsp;&nbsp;27117 |
| StarHub, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;25600 | &nbsp;&nbsp;&nbsp;&nbsp;22305 |
| Straits Trading Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1975 |
| Swiber Holdings, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| The Hour Glass, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;10100 | &nbsp;&nbsp;&nbsp;&nbsp;17672 |
| Thomson Medical Group, Ltd. (A) | &nbsp;&nbsp;212000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9895 |
| UMS Integration, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;22800 | &nbsp;&nbsp;&nbsp;&nbsp;25133 |
| UOB-Kay Hian Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;19316 | &nbsp;&nbsp;&nbsp;&nbsp;38582 |
| UOL Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;25808 |
| Venture Corp., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;83528 |
| Wing Tai Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;21205 | &nbsp;&nbsp;&nbsp;&nbsp;23418 |
| Yeo Hiap Seng, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532 |
|  |  | 1398511 |
| **South Africa - 0.2%** |  |  |
| Investec PLC | &nbsp;&nbsp;&nbsp;&nbsp;4643 | &nbsp;&nbsp;&nbsp;&nbsp;34464 |
| Pan African Resources PLC | &nbsp;&nbsp;130880 | &nbsp;&nbsp;&nbsp;&nbsp;213058 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;247522 |
| **Spain - 2.2%** |  |  |
| Acciona SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;117525 |
| Acerinox SA | &nbsp;&nbsp;&nbsp;&nbsp;7076 | &nbsp;&nbsp;&nbsp;&nbsp;104740 |
| Aedas Homes SA (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;11937 |
| Almirall SA | &nbsp;&nbsp;&nbsp;&nbsp;2313 | &nbsp;&nbsp;&nbsp;&nbsp;34767 |
| Amper SA (A) | &nbsp;&nbsp;153222 | &nbsp;&nbsp;&nbsp;&nbsp;30404 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 65 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Spain (continued)** |  |  |
| Atresmedia Corp. de Medios de Comunicacion SA | &nbsp;&nbsp;4211 | $&nbsp;&nbsp;&nbsp;&nbsp;24087 |
| Audax Renovables SA (A) | &nbsp;&nbsp;7306 | &nbsp;&nbsp;&nbsp;&nbsp;11818 |
| Bankinter SA | 10493 | &nbsp;&nbsp;&nbsp;&nbsp;173923 |
| Caja de Ahorros del Mediterraneo (A)(B) | &nbsp;&nbsp;5428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| CIE Automotive SA | &nbsp;&nbsp;1829 | &nbsp;&nbsp;&nbsp;&nbsp;63777 |
| Construcciones y Auxiliar de Ferrocarriles SA | &nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;59035 |
| Corp ACCIONA Energias Renovables SA | &nbsp;&nbsp;1077 | &nbsp;&nbsp;&nbsp;&nbsp;28263 |
| Distribuidora Internacional de Alimentacion SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;392 | &nbsp;&nbsp;&nbsp;&nbsp;16866 |
| Ebro Foods SA | &nbsp;&nbsp;2006 | &nbsp;&nbsp;&nbsp;&nbsp;43338 |
| eDreams ODIGEO SA (A) | &nbsp;&nbsp;1615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7550 |
| Elecnor SA | &nbsp;&nbsp;2026 | &nbsp;&nbsp;&nbsp;&nbsp;58060 |
| Enagas SA | &nbsp;&nbsp;9373 | &nbsp;&nbsp;&nbsp;&nbsp;144850 |
| Ence Energia y Celulosa SA (A)(C) | &nbsp;&nbsp;6294 | &nbsp;&nbsp;&nbsp;&nbsp;17752 |
| Ercros SA (A) | &nbsp;&nbsp;5006 | &nbsp;&nbsp;&nbsp;&nbsp;20134 |
| Faes Farma SA | 11446 | &nbsp;&nbsp;&nbsp;&nbsp;69209 |
| Fluidra SA | &nbsp;&nbsp;2959 | &nbsp;&nbsp;&nbsp;&nbsp;80165 |
| Gestamp Automocion SA (D) | &nbsp;&nbsp;7287 | &nbsp;&nbsp;&nbsp;&nbsp;25937 |
| Global Dominion Access SA (D) | &nbsp;&nbsp;5439 | &nbsp;&nbsp;&nbsp;&nbsp;21086 |
| Grenergy Renovables SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;57798 |
| Grifols SA | &nbsp;&nbsp;7462 | &nbsp;&nbsp;&nbsp;&nbsp;93272 |
| Grupo Empresarial San Jose SA | &nbsp;&nbsp;2194 | &nbsp;&nbsp;&nbsp;&nbsp;19354 |
| Iberpapel Gestion SA | &nbsp;&nbsp;&nbsp;&nbsp;66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538 |
| Indra Sistemas SA (C) | &nbsp;&nbsp;3472 | &nbsp;&nbsp;&nbsp;&nbsp;197367 |
| Laboratorios Farmaceuticos Rovi SA | &nbsp;&nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;70660 |
| Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 27501 | &nbsp;&nbsp;&nbsp;&nbsp;36100 |
| Logista Integral SA | &nbsp;&nbsp;1957 | &nbsp;&nbsp;&nbsp;&nbsp;69202 |
| Mapfre SA | 16941 | &nbsp;&nbsp;&nbsp;&nbsp;85013 |
| Melia Hotels International SA | &nbsp;&nbsp;4842 | &nbsp;&nbsp;&nbsp;&nbsp;44914 |
| Neinor Homes SA (A)(D) | &nbsp;&nbsp;1318 | &nbsp;&nbsp;&nbsp;&nbsp;29369 |
| Obrascon Huarte Lain SA (A) | 27496 | &nbsp;&nbsp;&nbsp;&nbsp;11518 |
| Pharma Mar SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;409 | &nbsp;&nbsp;&nbsp;&nbsp;35843 |
| Promotora de Informaciones SA, Class A (A) | 11711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4875 |
| Prosegur Cash SA (D) | 24667 | &nbsp;&nbsp;&nbsp;&nbsp;18342 |
| Realia Business SA (A) | 17710 | &nbsp;&nbsp;&nbsp;&nbsp;20466 |
| Redeia Corp. SA | &nbsp;&nbsp;4192 | &nbsp;&nbsp;&nbsp;&nbsp;74730 |
| Sacyr SA | 13421 | &nbsp;&nbsp;&nbsp;&nbsp;60763 |
| Solaria Energia y Medio Ambiente SA (A) | &nbsp;&nbsp;2636 | &nbsp;&nbsp;&nbsp;&nbsp;56027 |
| Soltec Power Holdings SA (A) | &nbsp;&nbsp;2101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2494 |
| Tecnicas Reunidas SA (A) | &nbsp;&nbsp;1625 | &nbsp;&nbsp;&nbsp;&nbsp;52547 |
| Tubacex SA | &nbsp;&nbsp;6252 | &nbsp;&nbsp;&nbsp;&nbsp;24404 |
| Unicaja Banco SA (D) | 36432 | &nbsp;&nbsp;&nbsp;&nbsp;118550 |
| Vidrala SA | &nbsp;&nbsp;&nbsp;&nbsp;871 | &nbsp;&nbsp;&nbsp;&nbsp;92008 |
| Viscofan SA | &nbsp;&nbsp;1587 | &nbsp;&nbsp;&nbsp;&nbsp;99501 |
|  |  | 2541878 |
| **Sweden - 2.6%** |  |  |
| AcadeMedia AB (D) | &nbsp;&nbsp;3665 | &nbsp;&nbsp;&nbsp;&nbsp;39279 |
| AddLife AB, B Shares | &nbsp;&nbsp;2462 | &nbsp;&nbsp;&nbsp;&nbsp;42318 |
| AddNode Group AB | &nbsp;&nbsp;5860 | &nbsp;&nbsp;&nbsp;&nbsp;61320 |
| AFRY AB | &nbsp;&nbsp;3857 | &nbsp;&nbsp;&nbsp;&nbsp;62434 |
| Alimak Group AB (D) | &nbsp;&nbsp;3056 | &nbsp;&nbsp;&nbsp;&nbsp;47986 |
| Alleima AB | &nbsp;&nbsp;7527 | &nbsp;&nbsp;&nbsp;&nbsp;66324 |
| Alligo AB, Class B | &nbsp;&nbsp;2270 | &nbsp;&nbsp;&nbsp;&nbsp;31514 |
| Ambea AB (D) | &nbsp;&nbsp;3505 | &nbsp;&nbsp;&nbsp;&nbsp;53634 |
| Annehem Fastigheter AB, B Shares (A) | &nbsp;&nbsp;1732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3304 |
| AQ Group AB | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;53766 |
| Arjo AB, B Shares | 10690 | &nbsp;&nbsp;&nbsp;&nbsp;37009 |
| Attendo AB (D) | &nbsp;&nbsp;5286 | &nbsp;&nbsp;&nbsp;&nbsp;46818 |
| Beijer Alma AB | &nbsp;&nbsp;1857 | &nbsp;&nbsp;&nbsp;&nbsp;59600 |
| Bergman & Beving AB | &nbsp;&nbsp;&nbsp;&nbsp;902 | &nbsp;&nbsp;&nbsp;&nbsp;31557 |
| Betsson AB, B Shares | &nbsp;&nbsp;2862 | &nbsp;&nbsp;&nbsp;&nbsp;45680 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Sweden (continued)** |  |  |
| BHG Group AB (A) | &nbsp;&nbsp;2406 | $&nbsp;&nbsp;&nbsp;8328 |
| Bilia AB, A Shares | &nbsp;&nbsp;2411 | 35081 |
| Billerud AB | &nbsp;&nbsp;3292 | 33397 |
| BioInvent International AB (A) | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;7148 |
| Bonava AB, B Shares (A) | &nbsp;&nbsp;9969 | 11917 |
| Boozt AB (A)(D) | &nbsp;&nbsp;1813 | 22201 |
| Bravida Holding AB (D) | &nbsp;&nbsp;1969 | 19127 |
| BTS Group AB, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;5510 |
| Bufab AB | &nbsp;&nbsp;4360 | 47396 |
| Bulten AB | &nbsp;&nbsp;&nbsp;&nbsp;717 | &nbsp;&nbsp;&nbsp;3990 |
| Bure Equity AB | &nbsp;&nbsp;1400 | 37229 |
| Byggmax Group AB | &nbsp;&nbsp;3711 | 22061 |
| Catella AB | &nbsp;&nbsp;2217 | &nbsp;&nbsp;&nbsp;6842 |
| Cellavision AB | &nbsp;&nbsp;&nbsp;&nbsp;999 | 17041 |
| Cibus Nordic Real Estate AB | &nbsp;&nbsp;1681 | 26809 |
| Cint Group AB (A) | 13640 | &nbsp;&nbsp;&nbsp;4217 |
| Clas Ohlson AB, B Shares | &nbsp;&nbsp;1557 | 51192 |
| Cloetta AB, B Shares | 10640 | 46647 |
| Coor Service Management Holding AB (D) | &nbsp;&nbsp;5027 | 26790 |
| Corem Property Group AB, B Shares | 14214 | &nbsp;&nbsp;&nbsp;6682 |
| Corem Property Group AB, D Shares | &nbsp;&nbsp;&nbsp;&nbsp;408 | 10616 |
| CTT Systems AB (C) | &nbsp;&nbsp;&nbsp;&nbsp;566 | 12205 |
| Dios Fastigheter AB | &nbsp;&nbsp;5109 | 36314 |
| Dometic Group AB (D) | &nbsp;&nbsp;3643 | 18367 |
| Dustin Group AB (A)(D) | 59748 | 11646 |
| Dynavox Group AB (A) | &nbsp;&nbsp;2821 | 31157 |
| Elanders AB, B Shares | &nbsp;&nbsp;1468 | 10814 |
| Electrolux Professional AB, B Shares | &nbsp;&nbsp;9620 | 67612 |
| Elekta AB, B Shares | &nbsp;&nbsp;7054 | 43140 |
| Embracer Group AB (A) | &nbsp;&nbsp;3216 | 21057 |
| Enea AB (A) | &nbsp;&nbsp;1522 | 11596 |
| Fagerhult Group AB | &nbsp;&nbsp;2581 | 11567 |
| Fastighets AB Trianon (A) | &nbsp;&nbsp;1452 | &nbsp;&nbsp;&nbsp;3132 |
| Fastighetsbolaget Emilshus AB, B Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;1228 |
| FastPartner AB, A Shares | &nbsp;&nbsp;2697 | 13862 |
| Ferronordic AB (A) | &nbsp;&nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;&nbsp;1498 |
| G5 Entertainment AB | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;3272 |
| Granges AB | &nbsp;&nbsp;4281 | 67490 |
| Green Landscaping Group AB (A)(D) | &nbsp;&nbsp;1593 | &nbsp;&nbsp;&nbsp;7885 |
| Heba Fastighets AB, Class B | &nbsp;&nbsp;4570 | 15191 |
| Hemnet Group AB | &nbsp;&nbsp;1308 | 24454 |
| Hexatronic Group AB (A) | &nbsp;&nbsp;6047 | 15004 |
| HMS Networks AB (A) | &nbsp;&nbsp;&nbsp;&nbsp;323 | 14622 |
| Hoist Finance AB (D) | &nbsp;&nbsp;3383 | 41245 |
| Humana AB | &nbsp;&nbsp;2641 | 14436 |
| Instalco AB | &nbsp;&nbsp;7730 | 21650 |
| Inwido AB | &nbsp;&nbsp;1534 | 27210 |
| JM AB | &nbsp;&nbsp;2484 | 37353 |
| Karnov Group AB (A) | &nbsp;&nbsp;2737 | 29740 |
| K-fast Holding AB (A) | &nbsp;&nbsp;1142 | &nbsp;&nbsp;&nbsp;1596 |
| KNOW IT AB | &nbsp;&nbsp;1459 | 18672 |
| Lime Technologies AB | &nbsp;&nbsp;&nbsp;&nbsp;558 | 17334 |
| Lindab International AB | &nbsp;&nbsp;2753 | 61875 |
| Medcap AB (A) | &nbsp;&nbsp;&nbsp;&nbsp;576 | 34300 |
| MEKO AB | &nbsp;&nbsp;2150 | 16941 |
| MIPS AB | &nbsp;&nbsp;&nbsp;&nbsp;434 | 16561 |
| Modern Times Group MTG AB, B Shares (A) | &nbsp;&nbsp;2851 | 35417 |
| Momentum Group AB | &nbsp;&nbsp;1535 | 25501 |
| NCAB Group AB (A) | &nbsp;&nbsp;2891 | 14961 |
| NCC AB, B Shares | &nbsp;&nbsp;3723 | 88655 |
| Nederman Holding AB | &nbsp;&nbsp;&nbsp;&nbsp;887 | 16357 |
| Net Insight AB, B Shares (A) | 16550 | &nbsp;&nbsp;&nbsp;7014 |
| New Wave Group AB, B Shares | &nbsp;&nbsp;3382 | 41804 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 66 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Sweden (continued)** |  |  |
| Nobia AB (A) | 26704 | $&nbsp;&nbsp;&nbsp;&nbsp;12431 |
| Nolato AB, B Shares | &nbsp;&nbsp;6748 | &nbsp;&nbsp;&nbsp;&nbsp;45172 |
| Note AB | &nbsp;&nbsp;&nbsp;&nbsp;776 | &nbsp;&nbsp;&nbsp;&nbsp;15248 |
| NP3 Fastigheter AB | &nbsp;&nbsp;1226 | &nbsp;&nbsp;&nbsp;&nbsp;34409 |
| Nyfosa AB | &nbsp;&nbsp;6996 | &nbsp;&nbsp;&nbsp;&nbsp;56294 |
| OEM International AB, B Shares | &nbsp;&nbsp;2670 | &nbsp;&nbsp;&nbsp;&nbsp;42071 |
| Orron Energy AB (A) | &nbsp;&nbsp;7422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3702 |
| Peab AB, Class B | &nbsp;&nbsp;4540 | &nbsp;&nbsp;&nbsp;&nbsp;41869 |
| Platzer Fastigheter Holding AB, Series B | &nbsp;&nbsp;3454 | &nbsp;&nbsp;&nbsp;&nbsp;27903 |
| Pricer AB, B Shares (A) | 11102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4987 |
| Proact IT Group AB | &nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;17500 |
| Ratos AB, B Shares | &nbsp;&nbsp;8255 | &nbsp;&nbsp;&nbsp;&nbsp;33894 |
| RaySearch Laboratories AB | &nbsp;&nbsp;2452 | &nbsp;&nbsp;&nbsp;&nbsp;60306 |
| Samhallsbyggnadsbolaget i Norden AB (A) | 40938 | &nbsp;&nbsp;&nbsp;&nbsp;20441 |
| Scandi Standard AB | &nbsp;&nbsp;2160 | &nbsp;&nbsp;&nbsp;&nbsp;23220 |
| Scandic Hotels Group AB (D) | &nbsp;&nbsp;6887 | &nbsp;&nbsp;&nbsp;&nbsp;72390 |
| Sdiptech AB, Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;738 | &nbsp;&nbsp;&nbsp;&nbsp;15275 |
| Sensys Gatso Group AB (A) | &nbsp;&nbsp;&nbsp;&nbsp;293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1270 |
| SkiStar AB | &nbsp;&nbsp;2041 | &nbsp;&nbsp;&nbsp;&nbsp;36598 |
| Solid Forsakring AB | &nbsp;&nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5830 |
| Stendorren Fastigheter AB (A) | &nbsp;&nbsp;1288 | &nbsp;&nbsp;&nbsp;&nbsp;28177 |
| Stillfront Group AB (A) | 19809 | &nbsp;&nbsp;&nbsp;&nbsp;13879 |
| Storskogen Group AB, Class B | 39199 | &nbsp;&nbsp;&nbsp;&nbsp;49401 |
| Synsam AB | &nbsp;&nbsp;3085 | &nbsp;&nbsp;&nbsp;&nbsp;22567 |
| Systemair AB | &nbsp;&nbsp;3796 | &nbsp;&nbsp;&nbsp;&nbsp;35775 |
| TF Bank AB | &nbsp;&nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp;&nbsp;&nbsp;11272 |
| Truecaller AB, Class B | &nbsp;&nbsp;9962 | &nbsp;&nbsp;&nbsp;&nbsp;20710 |
| VBG Group AB, B Shares | &nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;43781 |
| Viaplay Group AB (A) | 12648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1236 |
| Vitec Software Group AB, B Shares | &nbsp;&nbsp;1147 | &nbsp;&nbsp;&nbsp;&nbsp;38382 |
| Vitrolife AB | &nbsp;&nbsp;&nbsp;&nbsp;979 | &nbsp;&nbsp;&nbsp;&nbsp;14492 |
| Volati AB | &nbsp;&nbsp;&nbsp;&nbsp;786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9112 |
| XANO Industri AB, Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5791 |
|  |  | 3009884 |
| **Switzerland - 7.6%** |  |  |
| Accelleron Industries AG | &nbsp;&nbsp;3791 | &nbsp;&nbsp;&nbsp;&nbsp;292386 |
| Adecco Group AG | &nbsp;&nbsp;6476 | &nbsp;&nbsp;&nbsp;&nbsp;186509 |
| Allreal Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;643 | &nbsp;&nbsp;&nbsp;&nbsp;165471 |
| ALSO Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;46423 |
| APG SGA SA | &nbsp;&nbsp;&nbsp;&nbsp;84 | &nbsp;&nbsp;&nbsp;&nbsp;22247 |
| Arbonia AG | &nbsp;&nbsp;2962 | &nbsp;&nbsp;&nbsp;&nbsp;19541 |
| Aryzta AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;949 | &nbsp;&nbsp;&nbsp;&nbsp;61387 |
| Ascom Holding AG | &nbsp;&nbsp;1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6274 |
| Autoneum Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;27431 |
| Avolta AG (A) | &nbsp;&nbsp;2343 | &nbsp;&nbsp;&nbsp;&nbsp;138190 |
| Banque Cantonale de Geneve, Bearer Shares | &nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;44030 |
| Banque Cantonale Vaudoise | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;63210 |
| Barry Callebaut AG (C) | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;57222 |
| Belimo Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;337087 |
| Bell Food Group AG | &nbsp;&nbsp;&nbsp;&nbsp;138 | &nbsp;&nbsp;&nbsp;&nbsp;38860 |
| Bellevue Group AG | &nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5949 |
| Berner Kantonalbank AG | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;96090 |
| BKW AG | &nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;104783 |
| Bossard Holding AG, Class A | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;48739 |
| Bucher Industries AG | &nbsp;&nbsp;&nbsp;&nbsp;282 | &nbsp;&nbsp;&nbsp;&nbsp;130149 |
| Burckhardt Compression Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;86330 |
| Burkhalter Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;&nbsp;12001 |
| Bystronic AG | &nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;25158 |
| Calida Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285 |
| Carlo Gavazzi Holding AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7762 |
| Cembra Money Bank AG | &nbsp;&nbsp;1219 | &nbsp;&nbsp;&nbsp;&nbsp;152672 |
| Cham Swiss Properties AG | &nbsp;&nbsp;&nbsp;&nbsp;199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5854 |
| Cicor Technologies, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;14187 |
| Cie Financiere Tradition SA, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;37870 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Switzerland (continued)** |  |  |
| Clariant AG (A) | &nbsp;&nbsp;8951 | $&nbsp;&nbsp;&nbsp;80070 |
| Coltene Holding AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;13405 |
| Daetwyler Holding AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;57691 |
| DKSH Holding AG | &nbsp;&nbsp;1242 | &nbsp;&nbsp;&nbsp;89287 |
| DocMorris AG (A) | &nbsp;&nbsp;2460 | &nbsp;&nbsp;&nbsp;18306 |
| dormakaba Holding AG | &nbsp;&nbsp;1280 | 103555 |
| EFG International AG (A) | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;89936 |
| Emmi AG | &nbsp;&nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;79607 |
| Feintool International Holding AG (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;6105 |
| Fenix Outdoor International AG | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;11696 |
| Flughafen Zurich AG | &nbsp;&nbsp;&nbsp;&nbsp;824 | 260849 |
| Forbo Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;42676 |
| Fundamenta Real Estate AG (A) | &nbsp;&nbsp;1786 | &nbsp;&nbsp;&nbsp;39565 |
| Galenica AG (D) | &nbsp;&nbsp;2006 | 247399 |
| GAM Holding AG (A) | &nbsp;&nbsp;5497 | &nbsp;&nbsp;&nbsp;&nbsp;1017 |
| Georg Fischer AG | &nbsp;&nbsp;2947 | 197427 |
| Gurit Holding AG, Bearer Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;3203 |
| Helvetia Baloise Holding AG | &nbsp;&nbsp;2234 | 587578 |
| Hiag Immobilien Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;237 | &nbsp;&nbsp;&nbsp;35452 |
| Huber + Suhner AG | &nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;93400 |
| Hypothekarbank Lenzburg AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;15286 |
| Implenia AG | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;43444 |
| Inficon Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;83396 |
| International Workplace Group PLC | 36159 | 112737 |
| Interroll Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;83007 |
| Intershop Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;55953 |
| Investis Holding SA | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;29177 |
| Jungfraubahn Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;76724 |
| Kardex Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;232 | &nbsp;&nbsp;&nbsp;80348 |
| Komax Holding AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;228 | &nbsp;&nbsp;&nbsp;18289 |
| Kongsberg Automotive ASA (A) | 23611 | &nbsp;&nbsp;&nbsp;&nbsp;4849 |
| Kudelski SA, Bearer Shares (A) | &nbsp;&nbsp;2497 | &nbsp;&nbsp;&nbsp;&nbsp;3874 |
| Landis+Gyr Group AG (A) | &nbsp;&nbsp;1125 | &nbsp;&nbsp;&nbsp;72337 |
| LEM Holding SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;9229 |
| Luzerner Kantonalbank AG | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;85030 |
| Medacta Group SA (D) | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;60538 |
| medmix AG (D) | &nbsp;&nbsp;&nbsp;&nbsp;877 | &nbsp;&nbsp;&nbsp;12337 |
| Metall Zug AG, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;12346 |
| Mobilezone Holding AG | &nbsp;&nbsp;2336 | &nbsp;&nbsp;&nbsp;38871 |
| Mobimo Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;295 | 136145 |
| Naturenergie Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;979 | &nbsp;&nbsp;&nbsp;40077 |
| Novavest Real Estate AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;469 | &nbsp;&nbsp;&nbsp;23629 |
| OC Oerlikon Corp. AG | &nbsp;&nbsp;8368 | &nbsp;&nbsp;&nbsp;33823 |
| Peach Property Group AG (A) | &nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;4083 |
| Phoenix Mecano AG | &nbsp;&nbsp;&nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;21393 |
| Plazza AG, Class A | &nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;&nbsp;35591 |
| PSP Swiss Property AG | &nbsp;&nbsp;1955 | 353731 |
| Rieter Holding AG | &nbsp;&nbsp;4628 | &nbsp;&nbsp;&nbsp;18514 |
| Romande Energie Holding SA | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;46609 |
| Schweiter Technologies AG | &nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;18406 |
| SFS Group AG | &nbsp;&nbsp;&nbsp;&nbsp;738 | 100400 |
| Siegfried Holding AG (A) | &nbsp;&nbsp;1743 | 163619 |
| SIG Group AG (A) | &nbsp;&nbsp;7187 | 102515 |
| Softwareone Holding AG | &nbsp;&nbsp;2860 | &nbsp;&nbsp;&nbsp;32511 |
| Softwareone Holding AG (Oslo Stock Exchange) (A) | &nbsp;&nbsp;1633 | &nbsp;&nbsp;&nbsp;18695 |
| St. Galler Kantonalbank AG | &nbsp;&nbsp;&nbsp;&nbsp;106 | &nbsp;&nbsp;&nbsp;76326 |
| Stadler Rail AG | &nbsp;&nbsp;1523 | &nbsp;&nbsp;&nbsp;38501 |
| Sulzer AG | &nbsp;&nbsp;&nbsp;&nbsp;758 | 139948 |
| Sunrise Communications AG, Class A | &nbsp;&nbsp;1221 | &nbsp;&nbsp;&nbsp;65190 |
| Swiss Prime Site AG | &nbsp;&nbsp;3437 | 533655 |
| Swissquote Group Holding SA | &nbsp;&nbsp;&nbsp;&nbsp;445 | 270175 |
| Tecan Group AG | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;15574 |
| Temenos AG | &nbsp;&nbsp;2248 | 223568 |
| The Swatch Group AG | &nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;33821 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 67 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Switzerland (continued)** |  |  |
| The Swatch Group AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;451 | $&nbsp;&nbsp;&nbsp;&nbsp;94825 |
| TX Group AG | &nbsp;&nbsp;&nbsp;&nbsp;146 | &nbsp;&nbsp;&nbsp;&nbsp;30344 |
| Valiant Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;117180 |
| VAT Group AG (D) | &nbsp;&nbsp;&nbsp;&nbsp;261 | &nbsp;&nbsp;&nbsp;&nbsp;125306 |
| Vaudoise Assurances Holding SA | &nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;17440 |
| Vetropack Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;22717 |
| Vontobel Holding AG | &nbsp;&nbsp;1192 | &nbsp;&nbsp;&nbsp;&nbsp;96300 |
| VZ Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;106594 |
| V-ZUG Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6357 |
| Walliser Kantonalbank | &nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;34360 |
| Warteck Invest AG | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;24647 |
| Ypsomed Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;166 | &nbsp;&nbsp;&nbsp;&nbsp;68294 |
| Zehnder Group AG | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;25515 |
| Zug Estates Holding AG, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;&nbsp;45033 |
| Zuger Kantonalbank AG, Bearer Shares | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;100332 |
|  |  | 8651836 |
| **Taiwan - 0.0%** |  |  |
| FIT Hon Teng, Ltd. (A)(D) | 49000 | &nbsp;&nbsp;&nbsp;&nbsp;31078 |
| **United Kingdom - 10.6%** |  |  |
| 4imprint Group PLC | &nbsp;&nbsp;1359 | &nbsp;&nbsp;&nbsp;&nbsp;69947 |
| A.G. Barr PLC | &nbsp;&nbsp;2692 | &nbsp;&nbsp;&nbsp;&nbsp;22613 |
| Aberdeen Group PLC | 54216 | &nbsp;&nbsp;&nbsp;&nbsp;149579 |
| Accesso Technology Group PLC (A) | &nbsp;&nbsp;2349 | &nbsp;&nbsp;&nbsp;&nbsp;10485 |
| Advanced Medical Solutions Group PLC | &nbsp;&nbsp;6389 | &nbsp;&nbsp;&nbsp;&nbsp;18737 |
| AEP Plantations PLC | &nbsp;&nbsp;1225 | &nbsp;&nbsp;&nbsp;&nbsp;22559 |
| AJ Bell PLC | 13681 | &nbsp;&nbsp;&nbsp;&nbsp;81115 |
| Alfa Financial Software Holdings PLC (D) | &nbsp;&nbsp;4048 | &nbsp;&nbsp;&nbsp;&nbsp;11517 |
| Allfunds Group PLC | &nbsp;&nbsp;4365 | &nbsp;&nbsp;&nbsp;&nbsp;41219 |
| AO World PLC (A) | 10559 | &nbsp;&nbsp;&nbsp;&nbsp;16130 |
| Ashmore Group PLC | 22693 | &nbsp;&nbsp;&nbsp;&nbsp;53848 |
| Ashtead Technology Holdings PLC | &nbsp;&nbsp;2347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9733 |
| Aston Martin Lagonda Global Holdings PLC (A)(C)(D) | &nbsp;&nbsp;4390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3737 |
| Auction Technology Group PLC (A) | &nbsp;&nbsp;1706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6381 |
| Auto Trader Group PLC (D) | &nbsp;&nbsp;9964 | &nbsp;&nbsp;&nbsp;&nbsp;78609 |
| B&M European Value Retail SA | &nbsp;&nbsp;7989 | &nbsp;&nbsp;&nbsp;&nbsp;18110 |
| Babcock International Group PLC | 11175 | &nbsp;&nbsp;&nbsp;&nbsp;186229 |
| Bakkavor Group PLC (D) | &nbsp;&nbsp;5579 | &nbsp;&nbsp;&nbsp;&nbsp;17901 |
| Balfour Beatty PLC | 19931 | &nbsp;&nbsp;&nbsp;&nbsp;190099 |
| Barratt Redrow PLC | 16316 | &nbsp;&nbsp;&nbsp;&nbsp;83818 |
| Beazley PLC | &nbsp;&nbsp;8593 | &nbsp;&nbsp;&nbsp;&nbsp;96092 |
| Begbies Traynor Group PLC | &nbsp;&nbsp;1681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2573 |
| Bellway PLC | &nbsp;&nbsp;5245 | &nbsp;&nbsp;&nbsp;&nbsp;193129 |
| Bloomsbury Publishing PLC | &nbsp;&nbsp;4265 | &nbsp;&nbsp;&nbsp;&nbsp;27497 |
| Bodycote PLC | &nbsp;&nbsp;7984 | &nbsp;&nbsp;&nbsp;&nbsp;74818 |
| Boohoo Group PLC (A)(C) | &nbsp;&nbsp;3748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1172 |
| BRAEMAR PLC | &nbsp;&nbsp;1328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3829 |
| Breedon Group PLC | &nbsp;&nbsp;8626 | &nbsp;&nbsp;&nbsp;&nbsp;38272 |
| Brooks Macdonald Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9248 |
| Burberry Group PLC (A) | 11554 | &nbsp;&nbsp;&nbsp;&nbsp;196464 |
| Bytes Technology Group PLC | &nbsp;&nbsp;9584 | &nbsp;&nbsp;&nbsp;&nbsp;46116 |
| Capita PLC (A) | &nbsp;&nbsp;6128 | &nbsp;&nbsp;&nbsp;&nbsp;33142 |
| Capricorn Energy PLC (A) | &nbsp;&nbsp;5938 | &nbsp;&nbsp;&nbsp;&nbsp;15619 |
| Card Factory PLC | 14688 | &nbsp;&nbsp;&nbsp;&nbsp;13373 |
| Carillion PLC (A)(B) | 35521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Central Asia Metals PLC | &nbsp;&nbsp;8189 | &nbsp;&nbsp;&nbsp;&nbsp;20652 |
| Chemring Group PLC | 13921 | &nbsp;&nbsp;&nbsp;&nbsp;88321 |
| Chesnara PLC | 11766 | &nbsp;&nbsp;&nbsp;&nbsp;47678 |
| City of London Investment Group PLC | &nbsp;&nbsp;2068 | &nbsp;&nbsp;&nbsp;&nbsp;10501 |
| Clarkson PLC | &nbsp;&nbsp;1348 | &nbsp;&nbsp;&nbsp;&nbsp;69161 |
| Close Brothers Group PLC (A) | &nbsp;&nbsp;7281 | &nbsp;&nbsp;&nbsp;&nbsp;51202 |
| CMC Markets PLC (D) | &nbsp;&nbsp;7009 | &nbsp;&nbsp;&nbsp;&nbsp;28190 |
| Coats Group PLC | 71598 | &nbsp;&nbsp;&nbsp;&nbsp;81372 |
| Computacenter PLC | &nbsp;&nbsp;2915 | &nbsp;&nbsp;&nbsp;&nbsp;114567 |
| ConvaTec Group PLC (D) | 31732 | &nbsp;&nbsp;&nbsp;&nbsp;103602 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United Kingdom (continued)** |  |  |
| Costain Group PLC | &nbsp;&nbsp;17043 | $&nbsp;&nbsp;&nbsp;36663 |
| Cranswick PLC | &nbsp;&nbsp;&nbsp;2228 | 148458 |
| Crest Nicholson Holdings PLC | &nbsp;&nbsp;13693 | &nbsp;&nbsp;&nbsp;26347 |
| Croda International PLC | &nbsp;&nbsp;&nbsp;3061 | 111046 |
| Currys PLC | &nbsp;&nbsp;46489 | &nbsp;&nbsp;&nbsp;78745 |
| CVS Group PLC | &nbsp;&nbsp;&nbsp;2279 | &nbsp;&nbsp;&nbsp;39445 |
| DFS Furniture PLC (A) | &nbsp;&nbsp;12509 | &nbsp;&nbsp;&nbsp;29190 |
| DiscoverIE Group PLC | &nbsp;&nbsp;&nbsp;4507 | &nbsp;&nbsp;&nbsp;36518 |
| Domino's Pizza Group PLC | &nbsp;&nbsp;16081 | &nbsp;&nbsp;&nbsp;37506 |
| dotdigital Group PLC | &nbsp;&nbsp;12814 | &nbsp;&nbsp;&nbsp;11623 |
| Dr. Martens PLC | &nbsp;&nbsp;12054 | &nbsp;&nbsp;&nbsp;12484 |
| Drax Group PLC | &nbsp;&nbsp;14589 | 164332 |
| Dunelm Group PLC | &nbsp;&nbsp;&nbsp;5320 | &nbsp;&nbsp;&nbsp;80890 |
| easyJet PLC | &nbsp;&nbsp;&nbsp;4377 | &nbsp;&nbsp;&nbsp;30026 |
| ECORA RESOURCES PLC | &nbsp;&nbsp;12147 | &nbsp;&nbsp;&nbsp;18710 |
| EKF Diagnostics Holdings PLC (A) | &nbsp;&nbsp;&nbsp;8242 | &nbsp;&nbsp;&nbsp;&nbsp;2928 |
| Elementis PLC | &nbsp;&nbsp;27226 | &nbsp;&nbsp;&nbsp;60890 |
| Endeavour Mining PLC | &nbsp;&nbsp;&nbsp;1369 | &nbsp;&nbsp;&nbsp;70497 |
| Energean PLC | &nbsp;&nbsp;&nbsp;5147 | &nbsp;&nbsp;&nbsp;61226 |
| EnQuest PLC | 115537 | &nbsp;&nbsp;&nbsp;16548 |
| Essentra PLC | &nbsp;&nbsp;14966 | &nbsp;&nbsp;&nbsp;19432 |
| FDM Group Holdings PLC | &nbsp;&nbsp;&nbsp;4489 | &nbsp;&nbsp;&nbsp;&nbsp;8060 |
| Fevara PLC | &nbsp;&nbsp;&nbsp;2599 | &nbsp;&nbsp;&nbsp;&nbsp;4709 |
| Firstgroup PLC | &nbsp;&nbsp;26489 | &nbsp;&nbsp;&nbsp;67962 |
| Foresight Group Holdings, Ltd. | &nbsp;&nbsp;&nbsp;2196 | &nbsp;&nbsp;&nbsp;12715 |
| Forterra PLC (D) | &nbsp;&nbsp;10957 | &nbsp;&nbsp;&nbsp;27291 |
| Foxtons Group PLC | &nbsp;&nbsp;23551 | &nbsp;&nbsp;&nbsp;18803 |
| Frasers Group PLC (A) | &nbsp;&nbsp;&nbsp;5880 | &nbsp;&nbsp;&nbsp;53475 |
| Frontier Developments PLC (A) | &nbsp;&nbsp;&nbsp;1107 | &nbsp;&nbsp;&nbsp;&nbsp;6566 |
| Fuller Smith & Turner PLC, Class A | &nbsp;&nbsp;&nbsp;1525 | &nbsp;&nbsp;&nbsp;14798 |
| Funding Circle Holdings PLC (A)(D) | &nbsp;&nbsp;&nbsp;3849 | &nbsp;&nbsp;&nbsp;&nbsp;6535 |
| Future PLC | &nbsp;&nbsp;&nbsp;3711 | &nbsp;&nbsp;&nbsp;26334 |
| Galliford Try Holdings PLC | &nbsp;&nbsp;&nbsp;5675 | &nbsp;&nbsp;&nbsp;39587 |
| Games Workshop Group PLC | &nbsp;&nbsp;&nbsp;1039 | 264326 |
| Gamma Communications PLC | &nbsp;&nbsp;&nbsp;3729 | &nbsp;&nbsp;&nbsp;46340 |
| GB Group PLC | &nbsp;&nbsp;&nbsp;7074 | &nbsp;&nbsp;&nbsp;24499 |
| Genel Energy PLC (A) | &nbsp;&nbsp;&nbsp;4784 | &nbsp;&nbsp;&nbsp;&nbsp;3827 |
| Genuit Group PLC | &nbsp;&nbsp;12035 | &nbsp;&nbsp;&nbsp;52768 |
| Gooch & Housego PLC | &nbsp;&nbsp;&nbsp;1681 | &nbsp;&nbsp;&nbsp;13562 |
| Goodwin PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;24267 |
| Grainger PLC | &nbsp;&nbsp;32286 | &nbsp;&nbsp;&nbsp;79079 |
| Greggs PLC | &nbsp;&nbsp;&nbsp;1563 | &nbsp;&nbsp;&nbsp;35232 |
| Gulf Keystone Petroleum, Ltd. | &nbsp;&nbsp;11237 | &nbsp;&nbsp;&nbsp;26764 |
| Halfords Group PLC | &nbsp;&nbsp;&nbsp;4413 | &nbsp;&nbsp;&nbsp;&nbsp;8364 |
| Harbour Energy PLC | &nbsp;&nbsp;16506 | &nbsp;&nbsp;&nbsp;43427 |
| Harworth Group PLC | &nbsp;&nbsp;&nbsp;6530 | &nbsp;&nbsp;&nbsp;14653 |
| Hays PLC | &nbsp;&nbsp;21782 | &nbsp;&nbsp;&nbsp;16472 |
| Headlam Group PLC (A) | &nbsp;&nbsp;&nbsp;6602 | &nbsp;&nbsp;&nbsp;&nbsp;4177 |
| Helios Towers PLC (A) | &nbsp;&nbsp;21114 | &nbsp;&nbsp;&nbsp;46626 |
| Henry Boot PLC | &nbsp;&nbsp;&nbsp;5301 | &nbsp;&nbsp;&nbsp;16049 |
| Hikma Pharmaceuticals PLC | &nbsp;&nbsp;&nbsp;4522 | &nbsp;&nbsp;&nbsp;94269 |
| Hill & Smith PLC | &nbsp;&nbsp;&nbsp;3753 | 107722 |
| Hilton Food Group PLC | &nbsp;&nbsp;&nbsp;3867 | &nbsp;&nbsp;&nbsp;26169 |
| Hollywood Bowl Group PLC | &nbsp;&nbsp;&nbsp;8153 | &nbsp;&nbsp;&nbsp;30216 |
| Howden Joinery Group PLC | &nbsp;&nbsp;12134 | 135798 |
| Hunting PLC | &nbsp;&nbsp;&nbsp;6301 | &nbsp;&nbsp;&nbsp;31273 |
| Ibstock PLC (D) | &nbsp;&nbsp;19043 | &nbsp;&nbsp;&nbsp;35768 |
| ICG PLC | &nbsp;&nbsp;&nbsp;6030 | 166284 |
| IDOX PLC | &nbsp;&nbsp;10437 | &nbsp;&nbsp;&nbsp;&nbsp;9678 |
| IG Group Holdings PLC | &nbsp;&nbsp;10589 | 187463 |
| IMI PLC | &nbsp;&nbsp;&nbsp;5055 | 168618 |
| Impax Asset Management Group PLC | &nbsp;&nbsp;&nbsp;4165 | &nbsp;&nbsp;&nbsp;&nbsp;8492 |
| Inchcape PLC | &nbsp;&nbsp;15353 | 159016 |
| International Personal Finance PLC | &nbsp;&nbsp;12526 | &nbsp;&nbsp;&nbsp;39344 |
| iomart Group PLC | &nbsp;&nbsp;&nbsp;2265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 68 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United Kingdom (continued)** |  |  |
| IP Group PLC (A) | &nbsp;&nbsp;38897 | $&nbsp;&nbsp;&nbsp;30725 |
| IQE PLC (A) | &nbsp;&nbsp;39142 | &nbsp;&nbsp;&nbsp;&nbsp;2632 |
| ITV PLC | 154019 | 169877 |
| J.D. Wetherspoon PLC | &nbsp;&nbsp;&nbsp;4402 | &nbsp;&nbsp;&nbsp;43630 |
| James Fisher & Sons PLC (A) | &nbsp;&nbsp;&nbsp;2814 | &nbsp;&nbsp;&nbsp;14203 |
| James Halstead PLC | &nbsp;&nbsp;11052 | &nbsp;&nbsp;&nbsp;20309 |
| JD Sports Fashion PLC | &nbsp;&nbsp;51224 | &nbsp;&nbsp;&nbsp;58062 |
| JET2 PLC | &nbsp;&nbsp;&nbsp;6865 | 129459 |
| John Wood Group PLC (A) | &nbsp;&nbsp;26919 | &nbsp;&nbsp;&nbsp;&nbsp;8593 |
| Johnson Matthey PLC | &nbsp;&nbsp;&nbsp;6489 | 186150 |
| Johnson Service Group PLC | &nbsp;&nbsp;19438 | &nbsp;&nbsp;&nbsp;35264 |
| Jupiter Fund Management PLC | &nbsp;&nbsp;22824 | &nbsp;&nbsp;&nbsp;48772 |
| Just Group PLC | &nbsp;&nbsp;47041 | 136520 |
| Kainos Group PLC | &nbsp;&nbsp;&nbsp;4099 | &nbsp;&nbsp;&nbsp;55353 |
| Keller Group PLC | &nbsp;&nbsp;&nbsp;2943 | &nbsp;&nbsp;&nbsp;65752 |
| Kier Group PLC | &nbsp;&nbsp;22531 | &nbsp;&nbsp;&nbsp;67149 |
| Kingfisher PLC | &nbsp;&nbsp;28816 | 121302 |
| Kitwave Group PLC | &nbsp;&nbsp;&nbsp;3226 | &nbsp;&nbsp;&nbsp;&nbsp;9770 |
| Knights Group Holdings PLC | &nbsp;&nbsp;&nbsp;2269 | &nbsp;&nbsp;&nbsp;&nbsp;5478 |
| Lancashire Holdings, Ltd. | &nbsp;&nbsp;&nbsp;8617 | &nbsp;&nbsp;&nbsp;74327 |
| Lion Finance Group PLC | &nbsp;&nbsp;&nbsp;1249 | 156154 |
| LSL Property Services PLC | &nbsp;&nbsp;&nbsp;2514 | &nbsp;&nbsp;&nbsp;&nbsp;8913 |
| Luceco PLC (D) | &nbsp;&nbsp;&nbsp;1922 | &nbsp;&nbsp;&nbsp;&nbsp;3406 |
| M&C Saatchi PLC | &nbsp;&nbsp;&nbsp;&nbsp;253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447 |
| M&G PLC | &nbsp;&nbsp;10370 | &nbsp;&nbsp;&nbsp;39922 |
| Macfarlane Group PLC | &nbsp;&nbsp;&nbsp;6288 | &nbsp;&nbsp;&nbsp;&nbsp;6104 |
| Man Group PLC | &nbsp;&nbsp;52083 | 159946 |
| Marshalls PLC | &nbsp;&nbsp;&nbsp;3831 | &nbsp;&nbsp;&nbsp;&nbsp;9316 |
| Marston's PLC (A) | &nbsp;&nbsp;37566 | &nbsp;&nbsp;&nbsp;29990 |
| McBride PLC | &nbsp;&nbsp;14770 | &nbsp;&nbsp;&nbsp;29172 |
| ME Group International PLC | &nbsp;&nbsp;11444 | &nbsp;&nbsp;&nbsp;23249 |
| Mears Group PLC | &nbsp;&nbsp;&nbsp;4066 | &nbsp;&nbsp;&nbsp;19567 |
| Metro Bank Holdings PLC (A) | &nbsp;&nbsp;&nbsp;9741 | &nbsp;&nbsp;&nbsp;15814 |
| Midwich Group PLC | &nbsp;&nbsp;&nbsp;1327 | &nbsp;&nbsp;&nbsp;&nbsp;3307 |
| Mitchells & Butlers PLC (A) | &nbsp;&nbsp;13654 | &nbsp;&nbsp;&nbsp;47926 |
| Mitie Group PLC | &nbsp;&nbsp;58272 | 130790 |
| MJ Gleeson PLC | &nbsp;&nbsp;&nbsp;2770 | &nbsp;&nbsp;&nbsp;15636 |
| Mondi PLC | &nbsp;&nbsp;&nbsp;6783 | &nbsp;&nbsp;&nbsp;82754 |
| MONY Group PLC | &nbsp;&nbsp;22189 | &nbsp;&nbsp;&nbsp;54817 |
| Moonpig Group PLC | &nbsp;&nbsp;11812 | &nbsp;&nbsp;&nbsp;32220 |
| Morgan Advanced Materials PLC | &nbsp;&nbsp;&nbsp;8676 | &nbsp;&nbsp;&nbsp;25469 |
| Morgan Sindall Group PLC | &nbsp;&nbsp;&nbsp;1818 | 113361 |
| Mortgage Advice Bureau Holdings, Ltd. | &nbsp;&nbsp;&nbsp;1276 | &nbsp;&nbsp;&nbsp;11816 |
| MP Evans Group PLC | &nbsp;&nbsp;&nbsp;1384 | &nbsp;&nbsp;&nbsp;22794 |
| NCC Group PLC | &nbsp;&nbsp;17294 | &nbsp;&nbsp;&nbsp;32364 |
| Next 15 Group PLC | &nbsp;&nbsp;&nbsp;3756 | &nbsp;&nbsp;&nbsp;16066 |
| Ninety One PLC | &nbsp;&nbsp;15140 | &nbsp;&nbsp;&nbsp;44111 |
| Norcros PLC | &nbsp;&nbsp;&nbsp;6666 | &nbsp;&nbsp;&nbsp;30106 |
| Ocado Group PLC (A) | &nbsp;&nbsp;15572 | &nbsp;&nbsp;&nbsp;49262 |
| Odfjell Technology, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;828 | &nbsp;&nbsp;&nbsp;&nbsp;4629 |
| On the Beach Group PLC (D) | &nbsp;&nbsp;&nbsp;5451 | &nbsp;&nbsp;&nbsp;16756 |
| OSB Group PLC | &nbsp;&nbsp;15883 | 136022 |
| Pagegroup PLC | &nbsp;&nbsp;&nbsp;8870 | &nbsp;&nbsp;&nbsp;27949 |
| Paragon Banking Group PLC | &nbsp;&nbsp;&nbsp;8507 | &nbsp;&nbsp;&nbsp;97878 |
| PayPoint PLC | &nbsp;&nbsp;&nbsp;2683 | &nbsp;&nbsp;&nbsp;17092 |
| Pennon Group PLC | &nbsp;&nbsp;19735 | 139872 |
| Persimmon PLC | &nbsp;&nbsp;&nbsp;8864 | 162022 |
| Pets at Home Group PLC | &nbsp;&nbsp;16087 | &nbsp;&nbsp;&nbsp;42822 |
| Pharos Energy PLC | &nbsp;&nbsp;16636 | &nbsp;&nbsp;&nbsp;&nbsp;4692 |
| Phoenix Spree Deutschland, Ltd. (A) | &nbsp;&nbsp;&nbsp;5484 | &nbsp;&nbsp;&nbsp;12409 |
| Pinewood Technologies Group PLC (A) | &nbsp;&nbsp;&nbsp;5133 | &nbsp;&nbsp;&nbsp;24699 |
| Polar Capital Holdings PLC | &nbsp;&nbsp;&nbsp;3830 | &nbsp;&nbsp;&nbsp;27388 |
| Porvair PLC | &nbsp;&nbsp;&nbsp;1199 | &nbsp;&nbsp;&nbsp;13681 |
| Premier Foods PLC | &nbsp;&nbsp;23840 | &nbsp;&nbsp;&nbsp;55477 |
| PZ Cussons PLC | &nbsp;&nbsp;13141 | &nbsp;&nbsp;&nbsp;13048 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United Kingdom (continued)** |  |  |
| QinetiQ Group PLC | 20327 | $120449 |
| Quilter PLC (D) | 63959 | 157790 |
| Rank Group PLC | &nbsp;&nbsp;7303 | &nbsp;&nbsp;&nbsp;&nbsp;9796 |
| Rathbones Group PLC | &nbsp;&nbsp;2285 | &nbsp;&nbsp;&nbsp;59180 |
| Reach PLC | 10533 | &nbsp;&nbsp;&nbsp;&nbsp;7808 |
| Renew Holdings PLC | &nbsp;&nbsp;3437 | &nbsp;&nbsp;&nbsp;41176 |
| Rightmove PLC | 19504 | 136268 |
| Robert Walters PLC | &nbsp;&nbsp;4693 | &nbsp;&nbsp;&nbsp;&nbsp;8572 |
| Rotork PLC | 35693 | 156248 |
| RS GROUP PLC | 14553 | 122014 |
| RWS Holdings PLC | &nbsp;&nbsp;1824 | &nbsp;&nbsp;&nbsp;&nbsp;2113 |
| S&U PLC | &nbsp;&nbsp;&nbsp;&nbsp;513 | &nbsp;&nbsp;&nbsp;14381 |
| Sabre Insurance Group PLC (D) | 10582 | &nbsp;&nbsp;&nbsp;18484 |
| Saga PLC (A) | &nbsp;&nbsp;4637 | &nbsp;&nbsp;&nbsp;24392 |
| Savannah Energy PLC (A) | 53744 | &nbsp;&nbsp;&nbsp;&nbsp;5062 |
| Savills PLC | &nbsp;&nbsp;5951 | &nbsp;&nbsp;&nbsp;79695 |
| Schroders PLC | &nbsp;&nbsp;2839 | &nbsp;&nbsp;&nbsp;15519 |
| Senior PLC | 17000 | &nbsp;&nbsp;&nbsp;44699 |
| Serco Group PLC | 46758 | 175764 |
| Serica Energy PLC | 10784 | &nbsp;&nbsp;&nbsp;25329 |
| Severfield PLC | 11941 | &nbsp;&nbsp;&nbsp;&nbsp;4610 |
| SIG PLC (A) | 64105 | &nbsp;&nbsp;&nbsp;&nbsp;8605 |
| SigmaRoc PLC (A) | 18853 | &nbsp;&nbsp;&nbsp;32259 |
| Softcat PLC | &nbsp;&nbsp;5154 | &nbsp;&nbsp;&nbsp;98106 |
| Speedy Hire PLC | 24369 | &nbsp;&nbsp;&nbsp;&nbsp;8202 |
| Spirax Group PLC | &nbsp;&nbsp;1651 | 150896 |
| Spire Healthcare Group PLC (D) | 13646 | &nbsp;&nbsp;&nbsp;30647 |
| SSP Group PLC | 32793 | &nbsp;&nbsp;&nbsp;90960 |
| SThree PLC | &nbsp;&nbsp;6106 | &nbsp;&nbsp;&nbsp;15869 |
| STV Group PLC | &nbsp;&nbsp;2712 | &nbsp;&nbsp;&nbsp;&nbsp;3851 |
| Synthomer PLC (A) | &nbsp;&nbsp;6230 | &nbsp;&nbsp;&nbsp;&nbsp;5317 |
| Tate & Lyle PLC | 16269 | &nbsp;&nbsp;&nbsp;82021 |
| Tatton Asset Management PLC | &nbsp;&nbsp;1955 | &nbsp;&nbsp;&nbsp;17388 |
| Taylor Wimpey PLC | 75745 | 109603 |
| Team Internet Group PLC (A) | 10289 | &nbsp;&nbsp;&nbsp;&nbsp;6799 |
| Telecom Plus PLC | &nbsp;&nbsp;2698 | &nbsp;&nbsp;&nbsp;49227 |
| The Berkeley Group Holdings PLC | &nbsp;&nbsp;1908 | 100420 |
| The Gym Group PLC (A)(D) | &nbsp;&nbsp;5959 | &nbsp;&nbsp;&nbsp;11973 |
| THG PLC (A) | 26758 | &nbsp;&nbsp;&nbsp;16467 |
| Topps Tiles PLC | 15591 | &nbsp;&nbsp;&nbsp;&nbsp;8399 |
| TORM PLC, Class A (C) | &nbsp;&nbsp;1905 | &nbsp;&nbsp;&nbsp;37943 |
| TP ICAP Group PLC | 34104 | 119088 |
| Trainline PLC (A)(D) | &nbsp;&nbsp;8324 | &nbsp;&nbsp;&nbsp;24679 |
| Travis Perkins PLC | &nbsp;&nbsp;9597 | &nbsp;&nbsp;&nbsp;81958 |
| Trifast PLC | &nbsp;&nbsp;7237 | &nbsp;&nbsp;&nbsp;&nbsp;6681 |
| Tullow Oil PLC (A)(C) | 46125 | &nbsp;&nbsp;&nbsp;&nbsp;3739 |
| Vanquis Banking Group PLC (A) | 13396 | &nbsp;&nbsp;&nbsp;21622 |
| Vertu Motors PLC | 13548 | &nbsp;&nbsp;&nbsp;11390 |
| Vesuvius PLC | &nbsp;&nbsp;9782 | &nbsp;&nbsp;&nbsp;52175 |
| Victrex PLC | &nbsp;&nbsp;3473 | &nbsp;&nbsp;&nbsp;30661 |
| Videndum PLC (A) | &nbsp;&nbsp;3978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 |
| Vistry Group PLC (A) | &nbsp;&nbsp;6637 | &nbsp;&nbsp;&nbsp;57111 |
| Volex PLC | &nbsp;&nbsp;6267 | &nbsp;&nbsp;&nbsp;35257 |
| Volution Group PLC | &nbsp;&nbsp;8031 | &nbsp;&nbsp;&nbsp;70010 |
| Vp PLC | &nbsp;&nbsp;&nbsp;&nbsp;637 | &nbsp;&nbsp;&nbsp;&nbsp;4615 |
| Watches of Switzerland Group PLC (A)(D) | 10654 | &nbsp;&nbsp;&nbsp;67528 |
| Watkin Jones PLC (A) | 10502 | &nbsp;&nbsp;&nbsp;&nbsp;4139 |
| WH Smith PLC | &nbsp;&nbsp;5221 | &nbsp;&nbsp;&nbsp;44882 |
| Whitbread PLC | &nbsp;&nbsp;2674 | &nbsp;&nbsp;&nbsp;91651 |
| Wickes Group PLC | 13094 | &nbsp;&nbsp;&nbsp;41401 |
| Wilmington PLC | &nbsp;&nbsp;2180 | &nbsp;&nbsp;&nbsp;&nbsp;8661 |
| Xaar PLC (A) | &nbsp;&nbsp;5629 | &nbsp;&nbsp;&nbsp;&nbsp;7994 |
| XPS Pensions Group PLC | &nbsp;&nbsp;6949 | &nbsp;&nbsp;&nbsp;31621 |
| Young & Co's Brewery PLC | &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;13978 |
| Young & Co's Brewery PLC, Class A | &nbsp;&nbsp;1224 | &nbsp;&nbsp;&nbsp;12229 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 69 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### International Small Company Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **United Kingdom (continued)** |  |  |
| Zigup PLC | &nbsp;&nbsp;8827 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45663 |
| Zotefoams PLC | &nbsp;&nbsp;1549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8385 |
|  |  | &nbsp;&nbsp;&nbsp;12066941 |
| **United States - 0.8%** |  |  |
| Aura Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31812 |
| Brookfield Infrastructure Corp., Class A | &nbsp;&nbsp;1988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90250 |
| Burford Capital, Ltd. | &nbsp;&nbsp;8276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74110 |
| Diversified Energy Company | &nbsp;&nbsp;1929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27960 |
| Frontage Holdings Corp. (A)(D) | 14000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1810 |
| Novonix, Ltd. (A) | 11595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3241 |
| PureTech Health PLC (A) | &nbsp;&nbsp;8318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14056 |
| Reliance Worldwide Corp., Ltd. | 33532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86085 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123149 |
| Samsonite Group SA (D) | 41100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104964 |
| SSR Mining, Inc. (A) | &nbsp;&nbsp;8907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195265 |
| Sunococorp LLC (A) | &nbsp;&nbsp;1356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66824 |
| SunOpta, Inc. (A) | &nbsp;&nbsp;4818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18308 |
| Viemed Healthcare, Inc. (A) | &nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19318 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857152 |
| TOTAL COMMON STOCKS (Cost $101,370,034) | TOTAL COMMON STOCKS (Cost $101,370,034) | $112326127 |
| **PREFERRED SECURITIES - 0.4%** | **PREFERRED SECURITIES - 0.4%** |  |
| **Germany - 0.4%** |  |  |
| Draegerwerk AG & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45831 |
| Einhell Germany AG | &nbsp;&nbsp;&nbsp;&nbsp;219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21649 |
| FUCHS SE (C) | &nbsp;&nbsp;2954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131561 |
| Jungheinrich AG | &nbsp;&nbsp;2336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96302 |
| Porsche Automobil Holding SE | &nbsp;&nbsp;&nbsp;&nbsp;819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38211 |
| Sixt SE | &nbsp;&nbsp;&nbsp;&nbsp;838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51896 |
| STO SE & Company KGaA | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23092 |
| Villeroy & Boch AG | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12036 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420578 |
| TOTAL PREFERRED SECURITIES (Cost $344,476) | TOTAL PREFERRED SECURITIES (Cost $344,476) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420578 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **WARRANTS - 0.0%** |  |  |
| Webuild SpA (Expiration Date: 8-2-30) (A)(E) | &nbsp;&nbsp;&nbsp;1316 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 |
| TOTAL WARRANTS (Cost $0) | TOTAL WARRANTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 |
| **RIGHTS - 0.0%** |  |  |
| Intercell AG (A)(B)(E) | &nbsp;&nbsp;&nbsp;3233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| TOTAL RIGHTS (Cost $0) | TOTAL RIGHTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **SHORT-TERM INVESTMENTS - 2.1%** | **SHORT-TERM INVESTMENTS - 2.1%** |  |
| **Short-term funds - 2.1%** |  |  |
| John Hancock Collateral Trust, 3.7477% (F)(G) | 237035 | &nbsp;&nbsp;&nbsp;&nbsp;2371341 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,371,307) | TOTAL SHORT-TERM INVESTMENTS (Cost $2,371,307) | $&nbsp;&nbsp;&nbsp;&nbsp;2371341 |
| **Total Investments (International Small Company Trust)<br> (Cost $104,085,817) - 101.0%** | **Total Investments (International Small Company Trust)<br> (Cost $104,085,817) - 101.0%** | $**115118874** |
| **Other assets and liabilities, net - (1.0%)** | **Other assets and liabilities, net - (1.0%)** | &nbsp;&nbsp;&nbsp;**(1096707)** |
| **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** | $**114022167** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| NYRS | New York Registry Shares |
| (A) | Non-income producing security. |
| (B) | 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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | 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. |
| (E) | Strike price and/or expiration date not available. |
| (F) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (G) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| Mini MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$864492 | &nbsp;&nbsp;&nbsp;&nbsp;$870630 | &nbsp;&nbsp;&nbsp;&nbsp;$6138 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$6138** |

---

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

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

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

#### Lifestyle Balanced Portfolio

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** |  |
| **Equity - 50.1%** | **Equity - 50.1%** |  |
| Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;26678936 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500230055 |
| **Fixed income - 49.9%** | **Fixed income - 49.9%** |  |
| Select Bond, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;41933725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498591992 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,017,433,555) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,017,433,555) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998822047 |

---

#### Lifestyle Balanced Portfolio (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $230) | TOTAL SHORT-TERM INVESTMENTS (Cost $230) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 |
| **Total Investments (Lifestyle Balanced Portfolio) (Cost $1,017,433,785) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**998822277** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(24608)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**998797669** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 70 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Lifestyle Balanced Portfolio (continued)

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| JHVIT | John Hancock Variable Insurance Trust |
| MIM US | Manulife Investment Management (US) LLC |
| (A) | The underlying portfolios' subadvisor is shown parenthetically. |
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Lifestyle Conservative Portfolio

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** |  |
| **Equity - 19.9%** | **Equity - 19.9%** |  |
| Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1582828 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29678028 |
| **Fixed income - 80.1%** | **Fixed income - 80.1%** |  |
| Select Bond, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;10066811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119694387 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $160,401,215) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $160,401,215) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149372415 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $8) | TOTAL SHORT-TERM INVESTMENTS (Cost $8) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Total Investments (Lifestyle Conservative Portfolio) (Cost $160,401,223) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**149372423** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15102)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**149357321** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| JHVIT | John Hancock Variable Insurance Trust |
| MIM US | Manulife Investment Management (US) LLC |
| (A) | The underlying portfolios' subadvisor is shown parenthetically. |
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Lifestyle Growth Portfolio

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** |  |
| **Equity - 70.5%** | **Equity - 70.5%** |  |
| Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;194950373 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3655319496 |
| **Fixed income - 29.5%** | **Fixed income - 29.5%** |  |
| Select Bond, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;128526472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528179754 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,166,499,806) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,166,499,806) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5183499250 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $7) | TOTAL SHORT-TERM INVESTMENTS (Cost $7) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Total Investments (Lifestyle Growth Portfolio) (Cost $5,166,499,813) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;**5183499258** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(127567)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5183371691** |

---

<u>Security Abbreviations and Legend</u> <br> JHVIT John Hancock Variable Insurance Trust <br> MIM US Manulife Investment Management (US) LLC

#### Lifestyle Growth Portfolio (continued)
(A) The underlying portfolios' subadvisor is shown parenthetically.

(B) The subadvisor is an affiliate of the advisor.

(C) The rate shown is the annualized seven-day yield as of 12-31-25.

(D) Investment is an affiliate of the portfolio, the advisor and/or subadvisor.

#### Lifestyle Moderate Portfolio

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** | **AFFILIATED INVESTMENT COMPANIES (A) - 100.0%** |  |
| **Equity - 39.9%** | **Equity - 39.9%** |  |
| Strategic Equity Allocation, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5752237 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107854441 |
| **Fixed income - 60.1%** | **Fixed income - 60.1%** |  |
| Select Bond, Series NAV, JHVIT (MIM US) (B) | &nbsp;&nbsp;&nbsp;&nbsp;13657448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162387063 |
| TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $282,137,245) | TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $282,137,245) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270241504 |
| **SHORT-TERM INVESTMENTS - 0.0%** | **SHORT-TERM INVESTMENTS - 0.0%** |  |
| **Short-term funds - 0.0%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $8) | TOTAL SHORT-TERM INVESTMENTS (Cost $8) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Total Investments (Lifestyle Moderate Portfolio) (Cost $282,137,253) - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**270241512** |
| **Other assets and liabilities, net - (0.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17622)** |
| **TOTAL NET ASSETS - 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**270223890** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| JHVIT | John Hancock Variable Insurance Trust |
| MIM US | Manulife Investment Management (US) LLC |
| (A) | The underlying portfolios' subadvisor is shown parenthetically. |
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Mid Cap Growth Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 97.2%** | **COMMON STOCKS – 97.2%** |  |
| **Communication services – 9.0%** |  |  |
| **Diversified telecommunication services – 0.8%** | **Diversified telecommunication services – 0.8%** |  |
| AST SpaceMobile, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68546 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4978496 |
| **Entertainment – 5.7%** | **Entertainment – 5.7%** |  |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15424105 |
| Live Nation Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10104105 |
| Roblox Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10552213 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36080423 |
| **Interactive media and services – 2.5%** | **Interactive media and services – 2.5%** |  |
| Reddit, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15854594 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56913513 |
| **Consumer discretionary – 19.8%** |  |  |
| **Broadline retail – 1.5%** | **Broadline retail – 1.5%** |  |
| Ollie's Bargain Outlet Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9497926 |
| **Hotels, restaurants and leisure – 9.5%** | **Hotels, restaurants and leisure – 9.5%** |  |
| Cava Group, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2446493 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10804228 |
| DraftKings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500826 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3460501 |
| Life Time Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8243654 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16182118 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 71 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp;54473 | $&nbsp;&nbsp;&nbsp;15193609 |
|  |  | &nbsp;&nbsp;&nbsp;59831429 |
| **Specialty retail – 5.9%** | **Specialty retail – 5.9%** |  |
| Carvana Company (A) | &nbsp;&nbsp;28026 | &nbsp;&nbsp;&nbsp;11827533 |
| Chewy, Inc., Class A (A) | 233330 | &nbsp;&nbsp;&nbsp;&nbsp;7711557 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;28881 | &nbsp;&nbsp;&nbsp;&nbsp;5717572 |
| Five Below, Inc. (A) | &nbsp;&nbsp;62664 | &nbsp;&nbsp;&nbsp;11803391 |
|  |  | &nbsp;&nbsp;&nbsp;37060053 |
| **Textiles, apparel and luxury goods – 2.9%** | **Textiles, apparel and luxury goods – 2.9%** |  |
| On Holding AG, Class A (A) | 298833 | &nbsp;&nbsp;&nbsp;13889758 |
| Tapestry, Inc. | &nbsp;&nbsp;35785 | &nbsp;&nbsp;&nbsp;&nbsp;4572249 |
|  |  | &nbsp;&nbsp;&nbsp;18462007 |
|  |  | 124851415 |
| **Consumer staples – 1.6%** |  |  |
| **Beverages – 1.6%** | **Beverages – 1.6%** |  |
| Monster Beverage Corp. (A) | 133918 | &nbsp;&nbsp;&nbsp;10267493 |
| **Energy – 3.8%** |  |  |
| **Oil, gas and consumable fuels – 3.8%** | **Oil, gas and consumable fuels – 3.8%** |  |
| Cameco Corp. | &nbsp;&nbsp;34746 | &nbsp;&nbsp;&nbsp;&nbsp;3178912 |
| Coterra Energy, Inc. | 119479 | &nbsp;&nbsp;&nbsp;&nbsp;3144687 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;22276 | &nbsp;&nbsp;&nbsp;&nbsp;3348751 |
| Targa Resources Corp. | &nbsp;&nbsp;76195 | &nbsp;&nbsp;&nbsp;14057978 |
|  |  | &nbsp;&nbsp;&nbsp;23730328 |
| **Financials – 5.8%** |  |  |
| **Capital markets – 5.8%** | **Capital markets – 5.8%** |  |
| Evercore, Inc., Class A | &nbsp;&nbsp;31865 | &nbsp;&nbsp;&nbsp;10842066 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;68144 | &nbsp;&nbsp;&nbsp;&nbsp;4382341 |
| KKR & Company, Inc. | &nbsp;&nbsp;67657 | &nbsp;&nbsp;&nbsp;&nbsp;8624914 |
| Tradeweb Markets, Inc., Class A | 115796 | &nbsp;&nbsp;&nbsp;12452702 |
|  |  | &nbsp;&nbsp;&nbsp;36302023 |
| **Health care – 12.7%** |  |  |
| **Biotechnology – 6.4%** | **Biotechnology – 6.4%** |  |
| Argenx SE, ADR (A) | &nbsp;&nbsp;&nbsp;8924 | &nbsp;&nbsp;&nbsp;&nbsp;7504638 |
| Ionis Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;49766 | &nbsp;&nbsp;&nbsp;&nbsp;3936988 |
| Natera, Inc. (A) | 104566 | &nbsp;&nbsp;&nbsp;23955022 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;10862 | &nbsp;&nbsp;&nbsp;&nbsp;5292510 |
|  |  | &nbsp;&nbsp;&nbsp;40689158 |
| **Health care providers and services – 1.6%** | **Health care providers and services – 1.6%** |  |
| The Ensign Group, Inc. | &nbsp;&nbsp;56717 | &nbsp;&nbsp;&nbsp;&nbsp;9880101 |
| **Health care technology – 2.0%** | **Health care technology – 2.0%** |  |
| Veeva Systems, Inc., Class A (A) | &nbsp;&nbsp;57065 | &nbsp;&nbsp;&nbsp;12738620 |
| **Life sciences tools and services – 1.9%** | **Life sciences tools and services – 1.9%** |  |
| Illumina, Inc. (A) | &nbsp;&nbsp;35034 | &nbsp;&nbsp;&nbsp;&nbsp;4595059 |
| Medpace Holdings, Inc. (A) | &nbsp;&nbsp;13258 | &nbsp;&nbsp;&nbsp;&nbsp;7446356 |
|  |  | &nbsp;&nbsp;&nbsp;12041415 |
| **Pharmaceuticals – 0.8%** | **Pharmaceuticals – 0.8%** |  |
| Structure Therapeutics, Inc., ADR (A) | &nbsp;&nbsp;69532 | &nbsp;&nbsp;&nbsp;&nbsp;4835951 |
|  |  | &nbsp;&nbsp;&nbsp;80185245 |
| **Industrials – 18.0%** |  |  |
| **Aerospace and defense – 6.7%** | **Aerospace and defense – 6.7%** |  |
| Axon Enterprise, Inc. (A) | &nbsp;&nbsp;31167 | &nbsp;&nbsp;&nbsp;17700674 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;99163 | &nbsp;&nbsp;&nbsp;20330398 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Aerospace and defense (continued)** | **Aerospace and defense (continued)** |  |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;57472 | $&nbsp;&nbsp;&nbsp;&nbsp;4362700 |
|  |  | &nbsp;&nbsp;&nbsp;42393772 |
| **Air freight and logistics – 1.7%** | **Air freight and logistics – 1.7%** |  |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66194 | &nbsp;&nbsp;&nbsp;10641347 |
| **Commercial services and supplies – 1.5%** | **Commercial services and supplies – 1.5%** |  |
| Clean Harbors, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;38866 | &nbsp;&nbsp;&nbsp;&nbsp;9113300 |
| **Construction and engineering – 3.1%** | **Construction and engineering – 3.1%** |  |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45928 | &nbsp;&nbsp;&nbsp;19384372 |
| **Electrical equipment – 3.2%** | **Electrical equipment – 3.2%** |  |
| Vertiv Holdings Company, Class A | &nbsp;&nbsp;125857 | &nbsp;&nbsp;&nbsp;20390093 |
| **Trading companies and distributors – 1.8%** | **Trading companies and distributors – 1.8%** |  |
| FTAI Aviation, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;58807 | &nbsp;&nbsp;&nbsp;11576158 |
|  |  | 113499042 |
| **Information technology – 21.7%** |  |  |
| **Electronic equipment, instruments and components – 9.7%** | **Electronic equipment, instruments and components – 9.7%** |  |
| Celestica, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;46078 | &nbsp;&nbsp;&nbsp;13621118 |
| Cognex Corp. | &nbsp;&nbsp;179358 | &nbsp;&nbsp;&nbsp;&nbsp;6453301 |
| Corning, Inc. | &nbsp;&nbsp;153399 | &nbsp;&nbsp;&nbsp;13431616 |
| Flex, Ltd. (A) | &nbsp;&nbsp;226400 | &nbsp;&nbsp;&nbsp;13679088 |
| Trimble, Inc. (A) | &nbsp;&nbsp;176301 | &nbsp;&nbsp;&nbsp;13813183 |
|  |  | &nbsp;&nbsp;&nbsp;60998306 |
| **IT services – 4.6%** | **IT services – 4.6%** |  |
| Cloudflare, Inc., Class A (A) | &nbsp;&nbsp;114452 | &nbsp;&nbsp;&nbsp;22564212 |
| MongoDB, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;15199 | &nbsp;&nbsp;&nbsp;&nbsp;6378868 |
|  |  | &nbsp;&nbsp;&nbsp;28943080 |
| **Software – 7.4%** | **Software – 7.4%** |  |
| Fair Isaac Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7665 | &nbsp;&nbsp;&nbsp;12958602 |
| Figma, Inc., Class A (A) | &nbsp;&nbsp;131491 | &nbsp;&nbsp;&nbsp;&nbsp;4913819 |
| Guidewire Software, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;50583 | &nbsp;&nbsp;&nbsp;10167689 |
| HubSpot, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10389 | &nbsp;&nbsp;&nbsp;&nbsp;4169106 |
| Samsara, Inc., Class A (A) | &nbsp;&nbsp;233296 | &nbsp;&nbsp;&nbsp;&nbsp;8270343 |
| ServiceTitan, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;57736 | &nbsp;&nbsp;&nbsp;&nbsp;6148884 |
|  |  | &nbsp;&nbsp;&nbsp;46628443 |
|  |  | 136569829 |
| **Real estate – 1.2%** |  |  |
| **Real estate management and development – 1.2%** | **Real estate management and development – 1.2%** |  |
| Zillow Group, Inc., Class C (A)(B) | &nbsp;&nbsp;110625 | &nbsp;&nbsp;&nbsp;&nbsp;7546838 |
| **Utilities – 3.6%** |  |  |
| **Electric utilities – 2.3%** | **Electric utilities – 2.3%** |  |
| NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91310 | &nbsp;&nbsp;&nbsp;14540204 |
| **Gas utilities – 0.8%** | **Gas utilities – 0.8%** |  |
| Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30374 | &nbsp;&nbsp;&nbsp;&nbsp;5091594 |
| **Independent power and renewable electricity producers –<br> 0.5%** | **Independent power and renewable electricity producers –<br> 0.5%** |  |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18876 | &nbsp;&nbsp;&nbsp;&nbsp;3045265 |
|  |  | &nbsp;&nbsp;&nbsp;22677063 |
| TOTAL COMMON STOCKS (Cost $523,136,950) | TOTAL COMMON STOCKS (Cost $523,136,950) | $612542789 |
| **PREFERRED SECURITIES – 0.3%** |  |  |
| **Information technology – 0.3%** |  |  |
| **Software – 0.3%** | **Software – 0.3%** |  |
| Essence Group Holdings Corp. (A)(C)(D) | 1663188 | &nbsp;&nbsp;&nbsp;&nbsp;1230759 |
| Lookout, Inc., Series F (A)(C)(D) | &nbsp;&nbsp;211003 | &nbsp;&nbsp;&nbsp;&nbsp;1000154 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2230913 |
| TOTAL PREFERRED SECURITIES (Cost $5,070,285) | TOTAL PREFERRED SECURITIES (Cost $5,070,285) | $&nbsp;&nbsp;&nbsp;&nbsp;2230913 |
| **EXCHANGE-TRADED FUNDS – 0.6%** | **EXCHANGE-TRADED FUNDS – 0.6%** |  |
| iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp;&nbsp;12765 | &nbsp;&nbsp;&nbsp;&nbsp;1748039 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 72 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **EXCHANGE-TRADED FUNDS (continued)** | **EXCHANGE-TRADED FUNDS (continued)** |  |
| Vanguard Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6282 | $&nbsp;&nbsp;&nbsp;&nbsp;1753557 |
| TOTAL EXCHANGE-TRADED FUNDS (Cost $3,489,735) | TOTAL EXCHANGE-TRADED FUNDS (Cost $3,489,735) | $&nbsp;&nbsp;&nbsp;&nbsp;3501596 |
| **SHORT-TERM INVESTMENTS – 2.4%** | **SHORT-TERM INVESTMENTS – 2.4%** |  |
| **Short-term funds – 0.5%** |  |  |
| John Hancock Collateral Trust, 3.7477% (E)(F) | &nbsp;&nbsp;&nbsp;&nbsp;330112 | &nbsp;&nbsp;&nbsp;&nbsp;3302510 |
| **Repurchase agreement – 1.9%** |  |  |
| Deutsche Bank Tri-Party Repurchase Agreement dated 12-31-25 at 3.840% to be repurchased at $11,502,453 on 1-2-26, collateralized by $13,352,000 U.S. Treasury Bonds, 4.000% due 11-15-52 (valued at $11,730,037) | $11500000 | &nbsp;&nbsp;&nbsp;11500000 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $14,802,510) | TOTAL SHORT-TERM INVESTMENTS (Cost $14,802,510) | $&nbsp;&nbsp;&nbsp;14802510 |
| **Total Investments (Mid Cap Growth Trust)<br> (Cost $546,499,480) – 100.5%** | **Total Investments (Mid Cap Growth Trust)<br> (Cost $546,499,480) – 100.5%** | $**633077808** |
| **Other assets and liabilities, net – (0.5%)** | **Other assets and liabilities, net – (0.5%)** | &nbsp;&nbsp;&nbsp;**(3063676)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**630014132** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | Restricted security as to resale. For more information on this security refer to the Notes to financial statements. |
| (D) | 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. |
| (E) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (F) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Mid Cap Index Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 96.8%** | **COMMON STOCKS – 96.8%** |  |
| **Communication services – 1.9%** |  |  |
| **Diversified telecommunication services – 0.3%** | **Diversified telecommunication services – 0.3%** |  |
| Frontier Communications Parent, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88779 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3379817 |
| **Entertainment – 0.1%** | **Entertainment – 0.1%** |  |
| Warner Music Group Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1586774 |
| **Interactive media and services – 0.5%** | **Interactive media and services – 0.5%** |  |
| Pinterest, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5470712 |
| ZoomInfo Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988951 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6459663 |
| **Media – 1.0%** | **Media – 1.0%** |  |
| EchoStar Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5189229 |
| Nexstar Media Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2052632 |
| The New York Times Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3977627 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11219488 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22645742 |
| **Consumer discretionary – 11.2%** |  |  |
| **Automobile components – 1.0%** | **Automobile components – 1.0%** |  |
| Autoliv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2941980 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3418567 |
| Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1806822 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2108067 |
| The Goodyear Tire & Rubber Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888991 |

---

#### Mid Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobile components (continued)** | **Automobile components (continued)** |  |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;9677 | $&nbsp;&nbsp;&nbsp;&nbsp;920283 |
|  |  | 12084710 |
| **Automobiles – 0.2%** | **Automobiles – 0.2%** |  |
| Harley-Davidson, Inc. | &nbsp;&nbsp;41898 | &nbsp;&nbsp;&nbsp;&nbsp;858490 |
| Thor Industries, Inc. | &nbsp;&nbsp;18666 | &nbsp;&nbsp;&nbsp;1916438 |
|  |  | &nbsp;&nbsp;&nbsp;2774928 |
| **Broadline retail – 0.4%** | **Broadline retail – 0.4%** |  |
| Macy's, Inc. | &nbsp;&nbsp;95222 | &nbsp;&nbsp;&nbsp;2099645 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | &nbsp;&nbsp;21743 | &nbsp;&nbsp;&nbsp;2383250 |
|  |  | &nbsp;&nbsp;&nbsp;4482895 |
| **Diversified consumer services – 1.0%** | **Diversified consumer services – 1.0%** |  |
| Duolingo, Inc. (A) | &nbsp;&nbsp;14191 | &nbsp;&nbsp;&nbsp;2490521 |
| Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp;1205 | &nbsp;&nbsp;&nbsp;1323813 |
| Grand Canyon Education, Inc. (A) | &nbsp;&nbsp;&nbsp;9799 | &nbsp;&nbsp;&nbsp;1629672 |
| H&R Block, Inc. | &nbsp;&nbsp;44835 | &nbsp;&nbsp;&nbsp;1953909 |
| Service Corp. International | &nbsp;&nbsp;49713 | &nbsp;&nbsp;&nbsp;3876123 |
|  |  | 11274038 |
| **Hotels, restaurants and leisure – 2.5%** | **Hotels, restaurants and leisure – 2.5%** |  |
| Aramark | &nbsp;&nbsp;93217 | &nbsp;&nbsp;&nbsp;3435979 |
| Boyd Gaming Corp. | &nbsp;&nbsp;20502 | &nbsp;&nbsp;&nbsp;1747590 |
| Cava Group, Inc. (A) | &nbsp;&nbsp;35374 | &nbsp;&nbsp;&nbsp;2076100 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;&nbsp;7330 | &nbsp;&nbsp;&nbsp;&nbsp;698256 |
| Churchill Downs, Inc. | &nbsp;&nbsp;23492 | &nbsp;&nbsp;&nbsp;2672920 |
| Hilton Grand Vacations, Inc. (A) | &nbsp;&nbsp;21236 | &nbsp;&nbsp;&nbsp;&nbsp;950311 |
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp;14831 | &nbsp;&nbsp;&nbsp;2377706 |
| Planet Fitness, Inc., Class A (A) | &nbsp;&nbsp;29429 | &nbsp;&nbsp;&nbsp;3192164 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;23458 | &nbsp;&nbsp;&nbsp;3894028 |
| Travel + Leisure Company | &nbsp;&nbsp;22812 | &nbsp;&nbsp;&nbsp;1608930 |
| Vail Resorts, Inc. | &nbsp;&nbsp;12750 | &nbsp;&nbsp;&nbsp;1693200 |
| Wingstop, Inc. | &nbsp;&nbsp;&nbsp;9854 | &nbsp;&nbsp;&nbsp;2350080 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;26793 | &nbsp;&nbsp;&nbsp;2024479 |
|  |  | 28721743 |
| **Household durables – 1.7%** | **Household durables – 1.7%** |  |
| KB Home | &nbsp;&nbsp;22968 | &nbsp;&nbsp;&nbsp;1295625 |
| Somnigroup International, Inc. | &nbsp;&nbsp;74441 | &nbsp;&nbsp;&nbsp;6646092 |
| Taylor Morrison Home Corp. (A) | &nbsp;&nbsp;34657 | &nbsp;&nbsp;&nbsp;2040258 |
| Toll Brothers, Inc. | &nbsp;&nbsp;34181 | &nbsp;&nbsp;&nbsp;4621955 |
| TopBuild Corp. (A) | &nbsp;&nbsp;&nbsp;9898 | &nbsp;&nbsp;&nbsp;4129347 |
| Whirlpool Corp. (B) | &nbsp;&nbsp;19912 | &nbsp;&nbsp;&nbsp;1436452 |
|  |  | 20169729 |
| **Leisure products – 0.5%** | **Leisure products – 0.5%** |  |
| Brunswick Corp. | &nbsp;&nbsp;23064 | &nbsp;&nbsp;&nbsp;1712271 |
| Mattel, Inc. (A) | 110221 | &nbsp;&nbsp;&nbsp;2186785 |
| Polaris, Inc. | &nbsp;&nbsp;18950 | &nbsp;&nbsp;&nbsp;1198588 |
| YETI Holdings, Inc. (A) | &nbsp;&nbsp;27594 | &nbsp;&nbsp;&nbsp;1218827 |
|  |  | &nbsp;&nbsp;&nbsp;6316471 |
| **Specialty retail – 3.3%** | **Specialty retail – 3.3%** |  |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;16693 | &nbsp;&nbsp;&nbsp;2101148 |
| AutoNation, Inc. (A) | &nbsp;&nbsp;&nbsp;9701 | &nbsp;&nbsp;&nbsp;2003062 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;73121 | &nbsp;&nbsp;&nbsp;1468270 |
| Burlington Stores, Inc. (A) | &nbsp;&nbsp;22084 | &nbsp;&nbsp;&nbsp;6378963 |
| Chewy, Inc., Class A (A) | &nbsp;&nbsp;79816 | &nbsp;&nbsp;&nbsp;2637919 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;23444 | &nbsp;&nbsp;&nbsp;4641209 |
| Five Below, Inc. (A) | &nbsp;&nbsp;19556 | &nbsp;&nbsp;&nbsp;3683568 |
| Floor & Decor Holdings, Inc., Class A (A) | &nbsp;&nbsp;38214 | &nbsp;&nbsp;&nbsp;2326850 |
| GameStop Corp., Class A (A) | 146138 | &nbsp;&nbsp;&nbsp;2934451 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;8600 | &nbsp;&nbsp;&nbsp;2858038 |
| Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;6046 | &nbsp;&nbsp;&nbsp;2439682 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;6540 | &nbsp;&nbsp;&nbsp;1035217 |
| RH (A) | &nbsp;&nbsp;&nbsp;5451 | &nbsp;&nbsp;&nbsp;&nbsp;976547 |
| The Gap, Inc. | &nbsp;&nbsp;80268 | &nbsp;&nbsp;&nbsp;2054861 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 73 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialty retail (continued)** | **Specialty retail (continued)** |  |
| Valvoline, Inc. (A) | &nbsp;&nbsp;45079 | $&nbsp;&nbsp;&nbsp;&nbsp;1309996 |
|  |  | &nbsp;&nbsp;&nbsp;38849781 |
| **Textiles, apparel and luxury goods – 0.6%** | **Textiles, apparel and luxury goods – 0.6%** |  |
| Capri Holdings, Ltd. (A) | &nbsp;&nbsp;42252 | &nbsp;&nbsp;&nbsp;&nbsp;1030949 |
| Columbia Sportswear Company | &nbsp;&nbsp;&nbsp;8982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494818 |
| Crocs, Inc. (A) | &nbsp;&nbsp;18411 | &nbsp;&nbsp;&nbsp;&nbsp;1574509 |
| PVH Corp. | &nbsp;&nbsp;17065 | &nbsp;&nbsp;&nbsp;&nbsp;1143696 |
| VF Corp. | 116395 | &nbsp;&nbsp;&nbsp;&nbsp;2104422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6348394 |
|  |  | 131022689 |
| **Consumer staples – 4.1%** |  |  |
| **Beverages – 0.5%** | **Beverages – 0.5%** |  |
| Celsius Holdings, Inc. (A) | &nbsp;&nbsp;56681 | &nbsp;&nbsp;&nbsp;&nbsp;2592589 |
| Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;20061 | &nbsp;&nbsp;&nbsp;&nbsp;3075351 |
| The Boston Beer Company, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532315 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6200255 |
| **Consumer staples distribution and retail – 2.6%** | **Consumer staples distribution and retail – 2.6%** |  |
| Albertsons Companies, Inc., Class A | 140259 | &nbsp;&nbsp;&nbsp;&nbsp;2408247 |
| BJ's Wholesale Club Holdings, Inc. (A) | &nbsp;&nbsp;46724 | &nbsp;&nbsp;&nbsp;&nbsp;4206562 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;13186 | &nbsp;&nbsp;&nbsp;&nbsp;7288034 |
| Maplebear, Inc. (A) | &nbsp;&nbsp;65173 | &nbsp;&nbsp;&nbsp;&nbsp;2931482 |
| Performance Food Group Company (A) | &nbsp;&nbsp;55612 | &nbsp;&nbsp;&nbsp;&nbsp;5000631 |
| Sprouts Farmers Market, Inc. (A) | &nbsp;&nbsp;34531 | &nbsp;&nbsp;&nbsp;&nbsp;2751085 |
| U.S. Foods Holding Corp. (A) | &nbsp;&nbsp;79063 | &nbsp;&nbsp;&nbsp;&nbsp;5955025 |
|  |  | &nbsp;&nbsp;&nbsp;30541066 |
| **Food products – 0.7%** | **Food products – 0.7%** |  |
| Darling Ingredients, Inc. (A) | &nbsp;&nbsp;56099 | &nbsp;&nbsp;&nbsp;&nbsp;2019564 |
| Flowers Foods, Inc. | &nbsp;&nbsp;74890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814803 |
| Ingredion, Inc. | &nbsp;&nbsp;22530 | &nbsp;&nbsp;&nbsp;&nbsp;2484158 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;15164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591244 |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;16952 | &nbsp;&nbsp;&nbsp;&nbsp;1679096 |
| The Marzetti Company | &nbsp;&nbsp;&nbsp;7213 | &nbsp;&nbsp;&nbsp;&nbsp;1185961 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8774826 |
| **Personal care products – 0.3%** | **Personal care products – 0.3%** |  |
| BellRing Brands, Inc. (A) | &nbsp;&nbsp;44677 | &nbsp;&nbsp;&nbsp;&nbsp;1194216 |
| Coty, Inc., Class A (A) | 130273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401241 |
| e.l.f. Beauty, Inc. (A) | &nbsp;&nbsp;21150 | &nbsp;&nbsp;&nbsp;&nbsp;1608246 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3203703 |
|  |  | &nbsp;&nbsp;&nbsp;48719850 |
| **Energy – 3.8%** |  |  |
| **Energy equipment and services – 1.0%** | **Energy equipment and services – 1.0%** |  |
| NOV, Inc. | 129355 | &nbsp;&nbsp;&nbsp;&nbsp;2021819 |
| TechnipFMC PLC | 143457 | &nbsp;&nbsp;&nbsp;&nbsp;6392444 |
| Valaris, Ltd. (A) | &nbsp;&nbsp;22947 | &nbsp;&nbsp;&nbsp;&nbsp;1156529 |
| Weatherford International PLC | &nbsp;&nbsp;25438 | &nbsp;&nbsp;&nbsp;&nbsp;1990778 |
|  |  | &nbsp;&nbsp;&nbsp;11561570 |
| **Oil, gas and consumable fuels – 2.8%** | **Oil, gas and consumable fuels – 2.8%** |  |
| Antero Midstream Corp. | 118233 | &nbsp;&nbsp;&nbsp;&nbsp;2103365 |
| Antero Resources Corp. (A) | 103933 | &nbsp;&nbsp;&nbsp;&nbsp;3581531 |
| Chord Energy Corp. | &nbsp;&nbsp;20167 | &nbsp;&nbsp;&nbsp;&nbsp;1869481 |
| Civitas Resources, Inc. | &nbsp;&nbsp;27226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737552 |
| CNX Resources Corp. (A) | &nbsp;&nbsp;47816 | &nbsp;&nbsp;&nbsp;&nbsp;1758194 |
| DT Midstream, Inc. | &nbsp;&nbsp;36057 | &nbsp;&nbsp;&nbsp;&nbsp;4315302 |
| HF Sinclair Corp. | &nbsp;&nbsp;55450 | &nbsp;&nbsp;&nbsp;&nbsp;2555136 |
| Matador Resources Company | &nbsp;&nbsp;41427 | &nbsp;&nbsp;&nbsp;&nbsp;1758162 |
| Murphy Oil Corp. | &nbsp;&nbsp;47583 | &nbsp;&nbsp;&nbsp;&nbsp;1486969 |
| Ovintiv, Inc. | &nbsp;&nbsp;89815 | &nbsp;&nbsp;&nbsp;&nbsp;3519850 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;29169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791063 |
| Permian Resources Corp. | 246252 | &nbsp;&nbsp;&nbsp;&nbsp;3454916 |
| Range Resources Corp. | &nbsp;&nbsp;84026 | &nbsp;&nbsp;&nbsp;&nbsp;2962757 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| Viper Energy, Inc., Class A | &nbsp;&nbsp;59732 | $&nbsp;&nbsp;&nbsp;2307447 |
|  |  | 33201725 |
|  |  | 44763295 |
| **Financials – 16.2%** |  |  |
| **Banks – 6.4%** | **Banks – 6.4%** |  |
| Associated Banc-Corp. | &nbsp;&nbsp;57980 | &nbsp;&nbsp;&nbsp;1493565 |
| Bank OZK | &nbsp;&nbsp;37551 | &nbsp;&nbsp;&nbsp;1728097 |
| Cadence Bank | &nbsp;&nbsp;66059 | &nbsp;&nbsp;&nbsp;2829968 |
| Columbia Banking System, Inc. | 106079 | &nbsp;&nbsp;&nbsp;2964908 |
| Comerica, Inc. | &nbsp;&nbsp;45302 | &nbsp;&nbsp;&nbsp;3938103 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;45855 | &nbsp;&nbsp;&nbsp;2400064 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;22676 | &nbsp;&nbsp;&nbsp;2871462 |
| East West Bancorp, Inc. | &nbsp;&nbsp;48793 | &nbsp;&nbsp;&nbsp;5483845 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;46215 | &nbsp;&nbsp;&nbsp;1380442 |
| First Horizon Corp. | 174619 | &nbsp;&nbsp;&nbsp;4173394 |
| Flagstar Bank NA | 106159 | &nbsp;&nbsp;&nbsp;1336542 |
| FNB Corp. | 127013 | &nbsp;&nbsp;&nbsp;2171922 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;45621 | &nbsp;&nbsp;&nbsp;2009605 |
| Hancock Whitney Corp. | &nbsp;&nbsp;29652 | &nbsp;&nbsp;&nbsp;1888239 |
| Home BancShares, Inc. | &nbsp;&nbsp;64825 | &nbsp;&nbsp;&nbsp;1800839 |
| International Bancshares Corp. | &nbsp;&nbsp;19180 | &nbsp;&nbsp;&nbsp;1274319 |
| Old National Bancorp | 123340 | &nbsp;&nbsp;&nbsp;2751715 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;27278 | &nbsp;&nbsp;&nbsp;2602594 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;33688 | &nbsp;&nbsp;&nbsp;2328178 |
| SouthState Bank Corp. | &nbsp;&nbsp;35647 | &nbsp;&nbsp;&nbsp;3354739 |
| Synovus Financial Corp. | &nbsp;&nbsp;49229 | &nbsp;&nbsp;&nbsp;2463911 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;16187 | &nbsp;&nbsp;&nbsp;1465571 |
| UMB Financial Corp. | &nbsp;&nbsp;25320 | &nbsp;&nbsp;&nbsp;2912813 |
| United Bankshares, Inc. | &nbsp;&nbsp;49682 | &nbsp;&nbsp;&nbsp;1907789 |
| Valley National Bancorp | 170070 | &nbsp;&nbsp;&nbsp;1986418 |
| Webster Financial Corp. | &nbsp;&nbsp;57200 | &nbsp;&nbsp;&nbsp;3600168 |
| Western Alliance Bancorp | &nbsp;&nbsp;36606 | &nbsp;&nbsp;&nbsp;3077466 |
| Wintrust Financial Corp. | &nbsp;&nbsp;23751 | &nbsp;&nbsp;&nbsp;3320865 |
| Zions Bancorp NA | &nbsp;&nbsp;52358 | &nbsp;&nbsp;&nbsp;3065037 |
|  |  | 74582578 |
| **Capital markets – 2.9%** | **Capital markets – 2.9%** |  |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp;9976 | &nbsp;&nbsp;&nbsp;2875881 |
| Evercore, Inc., Class A | &nbsp;&nbsp;13717 | &nbsp;&nbsp;&nbsp;4667209 |
| Federated Hermes, Inc. | &nbsp;&nbsp;26208 | &nbsp;&nbsp;&nbsp;1364651 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;14501 | &nbsp;&nbsp;&nbsp;1947629 |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;19333 | &nbsp;&nbsp;&nbsp;3367615 |
| Janus Henderson Group PLC | &nbsp;&nbsp;43826 | &nbsp;&nbsp;&nbsp;2084803 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;58524 | &nbsp;&nbsp;&nbsp;3626732 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;8460 | &nbsp;&nbsp;&nbsp;1838443 |
| SEI Investments Company | &nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;2706660 |
| Stifel Financial Corp. | &nbsp;&nbsp;36112 | &nbsp;&nbsp;&nbsp;4521945 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;92027 | &nbsp;&nbsp;&nbsp;5439716 |
|  |  | 34441284 |
| **Consumer finance – 0.7%** | **Consumer finance – 0.7%** |  |
| Ally Financial, Inc. | &nbsp;&nbsp;99415 | &nbsp;&nbsp;&nbsp;4502505 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;13773 | &nbsp;&nbsp;&nbsp;2195141 |
| SLM Corp. | &nbsp;&nbsp;72005 | &nbsp;&nbsp;&nbsp;1948455 |
|  |  | &nbsp;&nbsp;&nbsp;8646101 |
| **Financial services – 1.6%** | **Financial services – 1.6%** |  |
| Corebridge Financial, Inc. | &nbsp;&nbsp;94810 | &nbsp;&nbsp;&nbsp;2860418 |
| Equitable Holdings, Inc. | 101615 | &nbsp;&nbsp;&nbsp;4841955 |
| Essent Group, Ltd. | &nbsp;&nbsp;34281 | &nbsp;&nbsp;&nbsp;2228608 |
| Euronet Worldwide, Inc. (A) | &nbsp;&nbsp;13867 | &nbsp;&nbsp;&nbsp;1055417 |
| MGIC Investment Corp. | &nbsp;&nbsp;79347 | &nbsp;&nbsp;&nbsp;2318519 |
| Shift4 Payments, Inc., Class A (A)(B) | &nbsp;&nbsp;23961 | &nbsp;&nbsp;&nbsp;1508824 |
| Voya Financial, Inc. | &nbsp;&nbsp;33748 | &nbsp;&nbsp;&nbsp;2513889 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 74 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Financial services (continued)** | **Financial services (continued)** |  |
| WEX, Inc. (A) | &nbsp;&nbsp;12160 | $&nbsp;&nbsp;&nbsp;&nbsp;1811597 |
|  |  | &nbsp;&nbsp;&nbsp;19139227 |
| **Insurance – 3.9%** | **Insurance – 3.9%** |  |
| American Financial Group, Inc. | &nbsp;&nbsp;24550 | &nbsp;&nbsp;&nbsp;&nbsp;3355494 |
| Brighthouse Financial, Inc. (A) | &nbsp;&nbsp;20275 | &nbsp;&nbsp;&nbsp;&nbsp;1313617 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;33816 | &nbsp;&nbsp;&nbsp;&nbsp;1436166 |
| F&G Annuities & Life, Inc. | &nbsp;&nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171526 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;90381 | &nbsp;&nbsp;&nbsp;&nbsp;4933899 |
| First American Financial Corp. | &nbsp;&nbsp;36137 | &nbsp;&nbsp;&nbsp;&nbsp;2220257 |
| Kemper Corp. | &nbsp;&nbsp;20763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841732 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;7837 | &nbsp;&nbsp;&nbsp;&nbsp;3065207 |
| Old Republic International Corp. | &nbsp;&nbsp;80734 | &nbsp;&nbsp;&nbsp;&nbsp;3684700 |
| Primerica, Inc. | &nbsp;&nbsp;11319 | &nbsp;&nbsp;&nbsp;&nbsp;2924377 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;23305 | &nbsp;&nbsp;&nbsp;&nbsp;4741635 |
| RenaissanceRe Holdings, Ltd. | &nbsp;&nbsp;16352 | &nbsp;&nbsp;&nbsp;&nbsp;4597528 |
| RLI Corp. | &nbsp;&nbsp;32569 | &nbsp;&nbsp;&nbsp;&nbsp;2083765 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;40188 | &nbsp;&nbsp;&nbsp;&nbsp;2074906 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;21423 | &nbsp;&nbsp;&nbsp;&nbsp;1792462 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;12619 | &nbsp;&nbsp;&nbsp;&nbsp;2306375 |
| Unum Group | &nbsp;&nbsp;54595 | &nbsp;&nbsp;&nbsp;&nbsp;4231113 |
|  |  | &nbsp;&nbsp;&nbsp;45774759 |
| **Mortgage real estate investment trusts – 0.7%** | **Mortgage real estate investment trusts – 0.7%** |  |
| Annaly Capital Management, Inc. | 242228 | &nbsp;&nbsp;&nbsp;&nbsp;5416218 |
| Starwood Property Trust, Inc. | 123453 | &nbsp;&nbsp;&nbsp;&nbsp;2223389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7639607 |
|  |  | 190223556 |
| **Health care – 8.6%** |  |  |
| **Biotechnology – 2.5%** | **Biotechnology – 2.5%** |  |
| BioMarin Pharmaceutical, Inc. (A) | &nbsp;&nbsp;68131 | &nbsp;&nbsp;&nbsp;&nbsp;4049025 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;43413 | &nbsp;&nbsp;&nbsp;&nbsp;2758462 |
| Exelixis, Inc. (A) | &nbsp;&nbsp;95082 | &nbsp;&nbsp;&nbsp;&nbsp;4167444 |
| Halozyme Therapeutics, Inc. (A) | &nbsp;&nbsp;41704 | &nbsp;&nbsp;&nbsp;&nbsp;2806679 |
| Neurocrine Biosciences, Inc. (A) | &nbsp;&nbsp;35359 | &nbsp;&nbsp;&nbsp;&nbsp;5014967 |
| Roivant Sciences, Ltd. (A) | 155388 | &nbsp;&nbsp;&nbsp;&nbsp;3371920 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;15270 | &nbsp;&nbsp;&nbsp;&nbsp;7440308 |
|  |  | &nbsp;&nbsp;&nbsp;29608805 |
| **Health care equipment and supplies – 1.4%** | **Health care equipment and supplies – 1.4%** |  |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;70768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808878 |
| Envista Holdings Corp. (A) | &nbsp;&nbsp;58311 | &nbsp;&nbsp;&nbsp;&nbsp;1265932 |
| Globus Medical, Inc., Class A (A) | &nbsp;&nbsp;39510 | &nbsp;&nbsp;&nbsp;&nbsp;3449618 |
| Haemonetics Corp. (A) | &nbsp;&nbsp;16601 | &nbsp;&nbsp;&nbsp;&nbsp;1330570 |
| Lantheus Holdings, Inc. (A) | &nbsp;&nbsp;23517 | &nbsp;&nbsp;&nbsp;&nbsp;1565056 |
| LivaNova PLC (A) | &nbsp;&nbsp;19365 | &nbsp;&nbsp;&nbsp;&nbsp;1191528 |
| Masimo Corp. (A) | &nbsp;&nbsp;16192 | &nbsp;&nbsp;&nbsp;&nbsp;2105932 |
| Penumbra, Inc. (A) | &nbsp;&nbsp;13888 | &nbsp;&nbsp;&nbsp;&nbsp;4317918 |
|  |  | &nbsp;&nbsp;&nbsp;16035432 |
| **Health care providers and services – 1.9%** | **Health care providers and services – 1.9%** |  |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;5023 | &nbsp;&nbsp;&nbsp;&nbsp;2149141 |
| Encompass Health Corp. | &nbsp;&nbsp;35682 | &nbsp;&nbsp;&nbsp;&nbsp;3787287 |
| HealthEquity, Inc. (A) | &nbsp;&nbsp;30554 | &nbsp;&nbsp;&nbsp;&nbsp;2799052 |
| Hims & Hers Health, Inc. (A) | &nbsp;&nbsp;73874 | &nbsp;&nbsp;&nbsp;&nbsp;2398689 |
| Option Care Health, Inc. (A) | &nbsp;&nbsp;56293 | &nbsp;&nbsp;&nbsp;&nbsp;1793495 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;31167 | &nbsp;&nbsp;&nbsp;&nbsp;6193506 |
| The Ensign Group, Inc. | &nbsp;&nbsp;20398 | &nbsp;&nbsp;&nbsp;&nbsp;3553332 |
|  |  | &nbsp;&nbsp;&nbsp;22674502 |
| **Health care technology – 0.2%** | **Health care technology – 0.2%** |  |
| Doximity, Inc., Class A (A) | &nbsp;&nbsp;48718 | &nbsp;&nbsp;&nbsp;&nbsp;2157233 |
| **Life sciences tools and services – 1.9%** | **Life sciences tools and services – 1.9%** |  |
| Avantor, Inc. (A) | 241797 | &nbsp;&nbsp;&nbsp;&nbsp;2770994 |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6448 | &nbsp;&nbsp;&nbsp;&nbsp;1953680 |
| Bruker Corp. | &nbsp;&nbsp;39335 | &nbsp;&nbsp;&nbsp;&nbsp;1853072 |
| Illumina, Inc. (A) | &nbsp;&nbsp;54188 | &nbsp;&nbsp;&nbsp;&nbsp;7107298 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Life sciences tools and services (continued)** | **Life sciences tools and services (continued)** |  |
| Medpace Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7892 | $&nbsp;&nbsp;&nbsp;&nbsp;4432542 |
| Repligen Corp. (A) | &nbsp;&nbsp;18765 | &nbsp;&nbsp;&nbsp;&nbsp;3074833 |
| Sotera Health Company (A) | &nbsp;&nbsp;73548 | &nbsp;&nbsp;&nbsp;&nbsp;1297387 |
|  |  | &nbsp;&nbsp;&nbsp;22489806 |
| **Pharmaceuticals – 0.7%** | **Pharmaceuticals – 0.7%** |  |
| Elanco Animal Health, Inc. (A) | 176206 | &nbsp;&nbsp;&nbsp;&nbsp;3987542 |
| Jazz Pharmaceuticals PLC (A) | &nbsp;&nbsp;21549 | &nbsp;&nbsp;&nbsp;&nbsp;3663330 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7650872 |
|  |  | 100616650 |
| **Industrials – 22.8%** |  |  |
| **Aerospace and defense – 3.4%** | **Aerospace and defense – 3.4%** |  |
| AeroVironment, Inc. (A) | &nbsp;&nbsp;11283 | &nbsp;&nbsp;&nbsp;&nbsp;2729245 |
| ATI, Inc. (A) | &nbsp;&nbsp;48183 | &nbsp;&nbsp;&nbsp;&nbsp;5529481 |
| BWX Technologies, Inc. | &nbsp;&nbsp;32423 | &nbsp;&nbsp;&nbsp;&nbsp;5603991 |
| Carpenter Technology Corp. | &nbsp;&nbsp;17668 | &nbsp;&nbsp;&nbsp;&nbsp;5562593 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;13077 | &nbsp;&nbsp;&nbsp;&nbsp;7208958 |
| Hexcel Corp. | &nbsp;&nbsp;28231 | &nbsp;&nbsp;&nbsp;&nbsp;2086271 |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;59877 | &nbsp;&nbsp;&nbsp;&nbsp;4545263 |
| Woodward, Inc. | &nbsp;&nbsp;21266 | &nbsp;&nbsp;&nbsp;&nbsp;6429137 |
|  |  | &nbsp;&nbsp;&nbsp;39694939 |
| **Air freight and logistics – 0.2%** | **Air freight and logistics – 0.2%** |  |
| GXO Logistics, Inc. (A) | &nbsp;&nbsp;40601 | &nbsp;&nbsp;&nbsp;&nbsp;2137237 |
| **Building products – 1.8%** | **Building products – 1.8%** |  |
| AAON, Inc. | &nbsp;&nbsp;23999 | &nbsp;&nbsp;&nbsp;&nbsp;1829924 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;25372 | &nbsp;&nbsp;&nbsp;&nbsp;3674627 |
| Carlisle Companies, Inc. | &nbsp;&nbsp;14783 | &nbsp;&nbsp;&nbsp;&nbsp;4728490 |
| Fortune Brands Innovations, Inc. | &nbsp;&nbsp;42605 | &nbsp;&nbsp;&nbsp;&nbsp;2131102 |
| Owens Corning | &nbsp;&nbsp;29148 | &nbsp;&nbsp;&nbsp;&nbsp;3261953 |
| Simpson Manufacturing Company, Inc. | &nbsp;&nbsp;14703 | &nbsp;&nbsp;&nbsp;&nbsp;2374093 |
| Trex Company, Inc. (A) | &nbsp;&nbsp;38036 | &nbsp;&nbsp;&nbsp;&nbsp;1334303 |
| UFP Industries, Inc. | &nbsp;&nbsp;20660 | &nbsp;&nbsp;&nbsp;&nbsp;1881093 |
|  |  | &nbsp;&nbsp;&nbsp;21215585 |
| **Commercial services and supplies – 1.5%** | **Commercial services and supplies – 1.5%** |  |
| Clean Harbors, Inc. (A) | &nbsp;&nbsp;17812 | &nbsp;&nbsp;&nbsp;&nbsp;4176558 |
| MSA Safety, Inc. | &nbsp;&nbsp;13052 | &nbsp;&nbsp;&nbsp;&nbsp;2090147 |
| RB Global, Inc. | &nbsp;&nbsp;65853 | &nbsp;&nbsp;&nbsp;&nbsp;6774298 |
| Tetra Tech, Inc. | &nbsp;&nbsp;92708 | &nbsp;&nbsp;&nbsp;&nbsp;3109426 |
| The Brink's Company | &nbsp;&nbsp;14734 | &nbsp;&nbsp;&nbsp;&nbsp;1719900 |
|  |  | &nbsp;&nbsp;&nbsp;17870329 |
| **Construction and engineering – 2.2%** | **Construction and engineering – 2.2%** |  |
| AECOM | &nbsp;&nbsp;46970 | &nbsp;&nbsp;&nbsp;&nbsp;4477650 |
| API Group Corp. (A) | 131271 | &nbsp;&nbsp;&nbsp;&nbsp;5022428 |
| Dycom Industries, Inc. (A) | &nbsp;&nbsp;10268 | &nbsp;&nbsp;&nbsp;&nbsp;3469557 |
| Fluor Corp. (A) | &nbsp;&nbsp;57162 | &nbsp;&nbsp;&nbsp;&nbsp;2265330 |
| MasTec, Inc. (A) | &nbsp;&nbsp;21752 | &nbsp;&nbsp;&nbsp;&nbsp;4728232 |
| Sterling Infrastructure, Inc. (A) | &nbsp;&nbsp;10894 | &nbsp;&nbsp;&nbsp;&nbsp;3336070 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;6986 | &nbsp;&nbsp;&nbsp;&nbsp;2810608 |
|  |  | &nbsp;&nbsp;&nbsp;26109875 |
| **Electrical equipment – 1.8%** | **Electrical equipment – 1.8%** |  |
| Acuity, Inc. | &nbsp;&nbsp;10786 | &nbsp;&nbsp;&nbsp;&nbsp;3883391 |
| EnerSys | &nbsp;&nbsp;13089 | &nbsp;&nbsp;&nbsp;&nbsp;1920811 |
| Nextpower, Inc., Class A (A) | &nbsp;&nbsp;52624 | &nbsp;&nbsp;&nbsp;&nbsp;4584077 |
| nVent Electric PLC | &nbsp;&nbsp;57224 | &nbsp;&nbsp;&nbsp;&nbsp;5835131 |
| Regal Rexnord Corp. | &nbsp;&nbsp;23544 | &nbsp;&nbsp;&nbsp;&nbsp;3303694 |
| Sensata Technologies Holding PLC | &nbsp;&nbsp;51663 | &nbsp;&nbsp;&nbsp;&nbsp;1719861 |
|  |  | &nbsp;&nbsp;&nbsp;21246965 |
| **Ground transportation – 1.5%** | **Ground transportation – 1.5%** |  |
| Avis Budget Group, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;5991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768765 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;57572 | &nbsp;&nbsp;&nbsp;&nbsp;3009864 |
| Landstar System, Inc. | &nbsp;&nbsp;12180 | &nbsp;&nbsp;&nbsp;&nbsp;1750266 |
| Ryder System, Inc. | &nbsp;&nbsp;14319 | &nbsp;&nbsp;&nbsp;&nbsp;2740513 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 75 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Ground transportation (continued)** | **Ground transportation (continued)** |  |
| Saia, Inc. (A) | &nbsp;&nbsp;&nbsp;9449 | $&nbsp;&nbsp;&nbsp;&nbsp;3085287 |
| XPO, Inc. (A) | &nbsp;&nbsp;41629 | &nbsp;&nbsp;&nbsp;&nbsp;5657797 |
|  |  | &nbsp;&nbsp;&nbsp;17012492 |
| **Machinery – 5.3%** | **Machinery – 5.3%** |  |
| AGCO Corp. | &nbsp;&nbsp;21965 | &nbsp;&nbsp;&nbsp;&nbsp;2291389 |
| Chart Industries, Inc. (A) | &nbsp;&nbsp;15672 | &nbsp;&nbsp;&nbsp;&nbsp;3232037 |
| CNH Industrial NV | 313835 | &nbsp;&nbsp;&nbsp;&nbsp;2893559 |
| Crane Company | &nbsp;&nbsp;17362 | &nbsp;&nbsp;&nbsp;&nbsp;3202074 |
| Donaldson Company, Inc. | &nbsp;&nbsp;41078 | &nbsp;&nbsp;&nbsp;&nbsp;3641975 |
| Esab Corp. | &nbsp;&nbsp;20239 | &nbsp;&nbsp;&nbsp;&nbsp;2261101 |
| Flowserve Corp. | &nbsp;&nbsp;45080 | &nbsp;&nbsp;&nbsp;&nbsp;3127650 |
| Graco, Inc. | &nbsp;&nbsp;58797 | &nbsp;&nbsp;&nbsp;&nbsp;4819590 |
| ITT, Inc. | &nbsp;&nbsp;30115 | &nbsp;&nbsp;&nbsp;&nbsp;5225254 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;19514 | &nbsp;&nbsp;&nbsp;&nbsp;4676335 |
| Mueller Industries, Inc. | &nbsp;&nbsp;39370 | &nbsp;&nbsp;&nbsp;&nbsp;4519676 |
| Oshkosh Corp. | &nbsp;&nbsp;22432 | &nbsp;&nbsp;&nbsp;&nbsp;2818132 |
| RBC Bearings, Inc. (A) | &nbsp;&nbsp;11164 | &nbsp;&nbsp;&nbsp;&nbsp;5006273 |
| SPX Technologies, Inc. (A) | &nbsp;&nbsp;17674 | &nbsp;&nbsp;&nbsp;&nbsp;3535860 |
| Terex Corp. | &nbsp;&nbsp;23264 | &nbsp;&nbsp;&nbsp;&nbsp;1241832 |
| The Middleby Corp. (A) | &nbsp;&nbsp;16434 | &nbsp;&nbsp;&nbsp;&nbsp;2443243 |
| The Timken Company | &nbsp;&nbsp;22479 | &nbsp;&nbsp;&nbsp;&nbsp;1891158 |
| The Toro Company | &nbsp;&nbsp;34705 | &nbsp;&nbsp;&nbsp;&nbsp;2731978 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp;9720 | &nbsp;&nbsp;&nbsp;&nbsp;2682914 |
|  |  | &nbsp;&nbsp;&nbsp;62242030 |
| **Marine transportation – 0.2%** | **Marine transportation – 0.2%** |  |
| Kirby Corp. (A) | &nbsp;&nbsp;19221 | &nbsp;&nbsp;&nbsp;&nbsp;2117770 |
| **Passenger airlines – 0.5%** | **Passenger airlines – 0.5%** |  |
| Alaska Air Group, Inc. (A) | &nbsp;&nbsp;41134 | &nbsp;&nbsp;&nbsp;&nbsp;2069040 |
| American Airlines Group, Inc. (A) | 234091 | &nbsp;&nbsp;&nbsp;&nbsp;3588615 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5657655 |
| **Professional services – 2.8%** | **Professional services – 2.8%** |  |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;43018 | &nbsp;&nbsp;&nbsp;&nbsp;3628998 |
| CACI International, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;7830 | &nbsp;&nbsp;&nbsp;&nbsp;4171902 |
| Concentrix Corp. | &nbsp;&nbsp;15676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651808 |
| ExlService Holdings, Inc. (A) | &nbsp;&nbsp;56281 | &nbsp;&nbsp;&nbsp;&nbsp;2388566 |
| Exponent, Inc. | &nbsp;&nbsp;17692 | &nbsp;&nbsp;&nbsp;&nbsp;1228886 |
| FTI Consulting, Inc. (A) | &nbsp;&nbsp;10733 | &nbsp;&nbsp;&nbsp;&nbsp;1833518 |
| Genpact, Ltd. | &nbsp;&nbsp;56864 | &nbsp;&nbsp;&nbsp;&nbsp;2660098 |
| KBR, Inc. | &nbsp;&nbsp;45035 | &nbsp;&nbsp;&nbsp;&nbsp;1810407 |
| Maximus, Inc. | &nbsp;&nbsp;19984 | &nbsp;&nbsp;&nbsp;&nbsp;1725019 |
| Parsons Corp. (A) | &nbsp;&nbsp;18882 | &nbsp;&nbsp;&nbsp;&nbsp;1166908 |
| Paylocity Holding Corp. (A) | &nbsp;&nbsp;15622 | &nbsp;&nbsp;&nbsp;&nbsp;2382355 |
| Science Applications International Corp. | &nbsp;&nbsp;16321 | &nbsp;&nbsp;&nbsp;&nbsp;1642872 |
| TransUnion | &nbsp;&nbsp;68870 | &nbsp;&nbsp;&nbsp;&nbsp;5905603 |
| UL Solutions, Inc., Class A | &nbsp;&nbsp;26688 | &nbsp;&nbsp;&nbsp;&nbsp;2104616 |
|  |  | &nbsp;&nbsp;&nbsp;33301556 |
| **Trading companies and distributors – 1.6%** | **Trading companies and distributors – 1.6%** |  |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;13376 | &nbsp;&nbsp;&nbsp;&nbsp;3434556 |
| Core & Main, Inc., Class A (A) | &nbsp;&nbsp;67625 | &nbsp;&nbsp;&nbsp;&nbsp;3514471 |
| GATX Corp. | &nbsp;&nbsp;12661 | &nbsp;&nbsp;&nbsp;&nbsp;2147306 |
| MSC Industrial Direct Company, Inc., Class A | &nbsp;&nbsp;16224 | &nbsp;&nbsp;&nbsp;&nbsp;1364438 |
| Watsco, Inc. | &nbsp;&nbsp;12385 | &nbsp;&nbsp;&nbsp;&nbsp;4173126 |
| WESCO International, Inc. | &nbsp;&nbsp;17252 | &nbsp;&nbsp;&nbsp;&nbsp;4220529 |
|  |  | &nbsp;&nbsp;&nbsp;18854426 |
|  |  | 267460859 |
| **Information technology – 13.6%** |  |  |
| **Communications equipment – 1.8%** | **Communications equipment – 1.8%** |  |
| Ciena Corp. (A) | &nbsp;&nbsp;50024 | &nbsp;&nbsp;&nbsp;11699108 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Communications equipment (continued)** | **Communications equipment (continued)** |  |
| Lumentum Holdings, Inc. (A) | &nbsp;&nbsp;25144 | $&nbsp;&nbsp;&nbsp;&nbsp;9267827 |
|  |  | &nbsp;&nbsp;&nbsp;20966935 |
| **Electronic equipment, instruments and components – 3.6%** | **Electronic equipment, instruments and components – 3.6%** |  |
| Arrow Electronics, Inc. (A) | &nbsp;&nbsp;18268 | &nbsp;&nbsp;&nbsp;&nbsp;2012768 |
| Avnet, Inc. | &nbsp;&nbsp;28842 | &nbsp;&nbsp;&nbsp;&nbsp;1386723 |
| Belden, Inc. | &nbsp;&nbsp;13937 | &nbsp;&nbsp;&nbsp;&nbsp;1624357 |
| Cognex Corp. | &nbsp;&nbsp;59436 | &nbsp;&nbsp;&nbsp;&nbsp;2138507 |
| Coherent Corp. (A) | &nbsp;&nbsp;55733 | &nbsp;&nbsp;&nbsp;10286640 |
| Crane NXT Company | &nbsp;&nbsp;17513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824337 |
| Fabrinet (A) | &nbsp;&nbsp;12706 | &nbsp;&nbsp;&nbsp;&nbsp;5784788 |
| Flex, Ltd. (A) | 131141 | &nbsp;&nbsp;&nbsp;&nbsp;7923539 |
| IPG Photonics Corp. (A) | &nbsp;&nbsp;&nbsp;8963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641751 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;8831 | &nbsp;&nbsp;&nbsp;&nbsp;2233537 |
| Novanta, Inc. (A) | &nbsp;&nbsp;12687 | &nbsp;&nbsp;&nbsp;&nbsp;1509626 |
| TD SYNNEX Corp. | &nbsp;&nbsp;26859 | &nbsp;&nbsp;&nbsp;&nbsp;4035028 |
| Vontier Corp. | &nbsp;&nbsp;51458 | &nbsp;&nbsp;&nbsp;&nbsp;1913208 |
|  |  | &nbsp;&nbsp;&nbsp;42314809 |
| **IT services – 1.3%** | **IT services – 1.3%** |  |
| ASGN, Inc. (A) | &nbsp;&nbsp;15143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729438 |
| Kyndryl Holdings, Inc. (A) | &nbsp;&nbsp;81057 | &nbsp;&nbsp;&nbsp;&nbsp;2152874 |
| Okta, Inc. (A) | &nbsp;&nbsp;59742 | &nbsp;&nbsp;&nbsp;&nbsp;5165891 |
| Twilio, Inc., Class A (A) | &nbsp;&nbsp;53768 | &nbsp;&nbsp;&nbsp;&nbsp;7647960 |
|  |  | &nbsp;&nbsp;&nbsp;15696163 |
| **Semiconductors and semiconductor equipment – 2.7%** | **Semiconductors and semiconductor equipment – 2.7%** |  |
| Allegro MicroSystems, Inc. (A) | &nbsp;&nbsp;43986 | &nbsp;&nbsp;&nbsp;&nbsp;1160351 |
| Amkor Technology, Inc. | &nbsp;&nbsp;40326 | &nbsp;&nbsp;&nbsp;&nbsp;1592070 |
| Cirrus Logic, Inc. (A) | &nbsp;&nbsp;18097 | &nbsp;&nbsp;&nbsp;&nbsp;2144495 |
| Entegris, Inc. | &nbsp;&nbsp;53763 | &nbsp;&nbsp;&nbsp;&nbsp;4529533 |
| Lattice Semiconductor Corp. (A) | &nbsp;&nbsp;48509 | &nbsp;&nbsp;&nbsp;&nbsp;3569292 |
| MACOM Technology Solutions Holdings, Inc. (A) | &nbsp;&nbsp;22713 | &nbsp;&nbsp;&nbsp;&nbsp;3890283 |
| MKS, Inc. | &nbsp;&nbsp;23821 | &nbsp;&nbsp;&nbsp;&nbsp;3806596 |
| Onto Innovation, Inc. (A) | &nbsp;&nbsp;17381 | &nbsp;&nbsp;&nbsp;&nbsp;2743765 |
| Rambus, Inc. (A) | &nbsp;&nbsp;38177 | &nbsp;&nbsp;&nbsp;&nbsp;3508085 |
| Silicon Laboratories, Inc. (A) | &nbsp;&nbsp;11651 | &nbsp;&nbsp;&nbsp;&nbsp;1522786 |
| Synaptics, Inc. (A) | &nbsp;&nbsp;13827 | &nbsp;&nbsp;&nbsp;&nbsp;1023475 |
| Universal Display Corp. | &nbsp;&nbsp;15680 | &nbsp;&nbsp;&nbsp;&nbsp;1831110 |
|  |  | &nbsp;&nbsp;&nbsp;31321841 |
| **Software – 3.6%** | **Software – 3.6%** |  |
| Appfolio, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;8183 | &nbsp;&nbsp;&nbsp;&nbsp;1903775 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;52816 | &nbsp;&nbsp;&nbsp;&nbsp;2015723 |
| BILL Holdings, Inc. (A) | &nbsp;&nbsp;31612 | &nbsp;&nbsp;&nbsp;&nbsp;1724118 |
| Blackbaud, Inc. (A) | &nbsp;&nbsp;13006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823540 |
| CommVault Systems, Inc. (A) | &nbsp;&nbsp;15637 | &nbsp;&nbsp;&nbsp;&nbsp;1960254 |
| DocuSign, Inc. (A) | &nbsp;&nbsp;71319 | &nbsp;&nbsp;&nbsp;&nbsp;4878220 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;21698 | &nbsp;&nbsp;&nbsp;&nbsp;1393446 |
| Dropbox, Inc., Class A (A) | &nbsp;&nbsp;61856 | &nbsp;&nbsp;&nbsp;&nbsp;1719597 |
| Dynatrace, Inc. (A) | 106919 | &nbsp;&nbsp;&nbsp;&nbsp;4633869 |
| Guidewire Software, Inc. (A) | &nbsp;&nbsp;30151 | &nbsp;&nbsp;&nbsp;&nbsp;6060653 |
| Manhattan Associates, Inc. (A) | &nbsp;&nbsp;21370 | &nbsp;&nbsp;&nbsp;&nbsp;3703635 |
| Nutanix, Inc., Class A (A) | &nbsp;&nbsp;96031 | &nbsp;&nbsp;&nbsp;&nbsp;4963842 |
| Pegasystems, Inc. | &nbsp;&nbsp;32503 | &nbsp;&nbsp;&nbsp;&nbsp;1941079 |
| Qualys, Inc. (A) | &nbsp;&nbsp;12717 | &nbsp;&nbsp;&nbsp;&nbsp;1690089 |
| UiPath, Inc., Class A (A) | 150471 | &nbsp;&nbsp;&nbsp;&nbsp;2466220 |
|  |  | &nbsp;&nbsp;&nbsp;41878060 |
| **Technology hardware, storage and peripherals – 0.6%** | **Technology hardware, storage and peripherals – 0.6%** |  |
| Pure Storage, Inc., Class A (A) | 110720 | &nbsp;&nbsp;&nbsp;&nbsp;7419347 |
|  |  | 159597155 |
| **Materials – 5.2%** |  |  |
| **Chemicals – 1.3%** | **Chemicals – 1.3%** |  |
| Ashland, Inc. | &nbsp;&nbsp;16209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950982 |
| Avient Corp. | &nbsp;&nbsp;32472 | &nbsp;&nbsp;&nbsp;&nbsp;1014425 |
| Axalta Coating Systems, Ltd. (A) | &nbsp;&nbsp;75658 | &nbsp;&nbsp;&nbsp;&nbsp;2444510 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 76 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Chemicals (continued)** | **Chemicals (continued)** |  |
| Cabot Corp. | &nbsp;&nbsp;18868 | $&nbsp;&nbsp;&nbsp;1250571 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;2766 | &nbsp;&nbsp;&nbsp;1900961 |
| Olin Corp. | &nbsp;&nbsp;40472 | &nbsp;&nbsp;&nbsp;&nbsp;843032 |
| RPM International, Inc. | &nbsp;&nbsp;45471 | &nbsp;&nbsp;&nbsp;4728984 |
| The Scotts Miracle-Gro Company | &nbsp;&nbsp;15767 | &nbsp;&nbsp;&nbsp;&nbsp;920004 |
| Westlake Corp. | &nbsp;&nbsp;11828 | &nbsp;&nbsp;&nbsp;&nbsp;874562 |
|  |  | 14928031 |
| **Construction materials – 0.3%** | **Construction materials – 0.3%** |  |
| Eagle Materials, Inc. | &nbsp;&nbsp;11371 | &nbsp;&nbsp;&nbsp;2350158 |
| Knife River Corp. (A) | &nbsp;&nbsp;20095 | &nbsp;&nbsp;&nbsp;1413683 |
|  |  | &nbsp;&nbsp;&nbsp;3763841 |
| **Containers and packaging – 1.0%** | **Containers and packaging – 1.0%** |  |
| AptarGroup, Inc. | &nbsp;&nbsp;23271 | &nbsp;&nbsp;&nbsp;2838131 |
| Crown Holdings, Inc. | &nbsp;&nbsp;40435 | &nbsp;&nbsp;&nbsp;4163592 |
| Graphic Packaging Holding Company | 104662 | &nbsp;&nbsp;&nbsp;1576210 |
| Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;9281 | &nbsp;&nbsp;&nbsp;&nbsp;628324 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;31103 | &nbsp;&nbsp;&nbsp;1255628 |
| Sonoco Products Company | &nbsp;&nbsp;34979 | &nbsp;&nbsp;&nbsp;1526484 |
|  |  | 11988369 |
| **Metals and mining – 2.5%** | **Metals and mining – 2.5%** |  |
| Alcoa Corp. | &nbsp;&nbsp;91838 | &nbsp;&nbsp;&nbsp;4880271 |
| Cleveland-Cliffs, Inc. (A) | 202039 | &nbsp;&nbsp;&nbsp;2683078 |
| Commercial Metals Company | &nbsp;&nbsp;39353 | &nbsp;&nbsp;&nbsp;2724015 |
| Hecla Mining Company | 237642 | &nbsp;&nbsp;&nbsp;4560350 |
| MP Materials Corp. (A) | &nbsp;&nbsp;47768 | &nbsp;&nbsp;&nbsp;2413239 |
| Reliance, Inc. | &nbsp;&nbsp;18543 | &nbsp;&nbsp;&nbsp;5356516 |
| Royal Gold, Inc. | &nbsp;&nbsp;28733 | &nbsp;&nbsp;&nbsp;6387059 |
|  |  | 29004528 |
| **Paper and forest products – 0.1%** | **Paper and forest products – 0.1%** |  |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;22475 | &nbsp;&nbsp;&nbsp;1815081 |
|  |  | 61499850 |
| **Real estate – 6.2%** |  |  |
| **Diversified REITs – 0.4%** | **Diversified REITs – 0.4%** |  |
| WP Carey, Inc. | &nbsp;&nbsp;77717 | &nbsp;&nbsp;&nbsp;5001866 |
| **Health care REITs – 0.7%** | **Health care REITs – 0.7%** |  |
| Healthcare Realty Trust, Inc. | 124700 | &nbsp;&nbsp;&nbsp;2113665 |
| Omega Healthcare Investors, Inc. | 104806 | &nbsp;&nbsp;&nbsp;4647098 |
| Sabra Health Care REIT, Inc. | &nbsp;&nbsp;88429 | &nbsp;&nbsp;&nbsp;1674845 |
|  |  | &nbsp;&nbsp;&nbsp;8435608 |
| **Hotel and resort REITs – 0.1%** | **Hotel and resort REITs – 0.1%** |  |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;70893 | &nbsp;&nbsp;&nbsp;&nbsp;741541 |
| **Industrial REITs – 1.0%** | **Industrial REITs – 1.0%** |  |
| EastGroup Properties, Inc. | &nbsp;&nbsp;18888 | &nbsp;&nbsp;&nbsp;3364708 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;46961 | &nbsp;&nbsp;&nbsp;2689456 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;82382 | &nbsp;&nbsp;&nbsp;3189831 |
| STAG Industrial, Inc. | &nbsp;&nbsp;66229 | &nbsp;&nbsp;&nbsp;2434578 |
|  |  | 11678573 |
| **Office REITs – 0.5%** | **Office REITs – 0.5%** |  |
| COPT Defense Properties | &nbsp;&nbsp;40063 | &nbsp;&nbsp;&nbsp;1113751 |
| Cousins Properties, Inc. | &nbsp;&nbsp;59567 | &nbsp;&nbsp;&nbsp;1535637 |
| Kilroy Realty Corp. | &nbsp;&nbsp;38599 | &nbsp;&nbsp;&nbsp;1442445 |
| Vornado Realty Trust | &nbsp;&nbsp;57213 | &nbsp;&nbsp;&nbsp;1904049 |
|  |  | &nbsp;&nbsp;&nbsp;5995882 |
| **Real estate management and development – 0.5%** | **Real estate management and development – 0.5%** |  |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;16737 | &nbsp;&nbsp;&nbsp;5631498 |
| **Residential REITs – 0.8%** | **Residential REITs – 0.8%** |  |
| American Homes 4 Rent, Class A | 115617 | &nbsp;&nbsp;&nbsp;3711306 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;68738 | &nbsp;&nbsp;&nbsp;4166210 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Residential REITs (continued)** | **Residential REITs (continued)** |  |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84663 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1479909 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9357425 |
| **Retail REITs – 0.9%** | **Retail REITs – 0.9%** |  |
| Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2930973 |
| Brixmor Property Group, Inc. | &nbsp;&nbsp;108554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2846286 |
| Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;76782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840465 |
| NNN REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2669199 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10286923 |
| **Specialized REITs – 1.3%** | **Specialized REITs – 1.3%** |  |
| CubeSmart | &nbsp;&nbsp;&nbsp;&nbsp;80870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2915364 |
| EPR Properties | &nbsp;&nbsp;&nbsp;&nbsp;27002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347400 |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;100366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4485357 |
| Lamar Advertising Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;30805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3899297 |
| National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;25101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708099 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1003172 |
| Rayonier, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140089 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15498778 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;72628094 |
| **Utilities – 3.2%** |  |  |
| **Electric utilities – 0.8%** | **Electric utilities – 0.8%** |  |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425776 |
| OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;71446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3050744 |
| Portland General Electric Company | &nbsp;&nbsp;&nbsp;&nbsp;39892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1914417 |
| TXNM Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2046904 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9437841 |
| **Gas utilities – 1.1%** | **Gas utilities – 1.1%** |  |
| National Fuel Gas Company | &nbsp;&nbsp;&nbsp;&nbsp;32046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2565603 |
| New Jersey Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1642979 |
| ONE Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1643648 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1823096 |
| Spire, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1731159 |
| UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2852915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;12259400 |
| **Independent power and renewable electricity producers –<br> 0.7%** | **Independent power and renewable electricity producers –<br> 0.7%** |  |
| Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2381181 |
| Talen Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;16203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6073533 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8454714 |
| **Multi-utilities – 0.3%** | **Multi-utilities – 0.3%** |  |
| Black Hills Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1858026 |
| Northwestern Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1405488 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3263514 |
| **Water utilities – 0.3%** | **Water utilities – 0.3%** |  |
| Essential Utilities, Inc. | &nbsp;&nbsp;100354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3849579 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;37265048 |
| TOTAL COMMON STOCKS (Cost $846,465,126) | TOTAL COMMON STOCKS (Cost $846,465,126) | $1136442788 |
| **SHORT-TERM INVESTMENTS – 3.5%** | **SHORT-TERM INVESTMENTS – 3.5%** |  |
| **Short-term funds – 3.5%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | 4144286 | &nbsp;&nbsp;&nbsp;&nbsp;41460269 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $41,458,459) | TOTAL SHORT-TERM INVESTMENTS (Cost $41,458,459) | $&nbsp;&nbsp;&nbsp;&nbsp;41460269 |
| **Total Investments (Mid Cap Index Trust)<br> (Cost $887,923,585) – 100.3%** | **Total Investments (Mid Cap Index Trust)<br> (Cost $887,923,585) – 100.3%** | $**1177903057** |
| **Other assets and liabilities, net – (0.3%)** | **Other assets and liabilities, net – (0.3%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3097136)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**1174805921** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 77 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Cap Index Trust (continued)
(D) Investment is an affiliate of the portfolio, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received
for securities lending. Market value of this investment amounted to $3,283,730.

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| S&P Mid 400 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$41091245 | &nbsp;&nbsp;&nbsp;&nbsp;$40234920 | &nbsp;&nbsp;&nbsp;&nbsp;$(856325) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$(856325)** |

---

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

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

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

#### Mid Value Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.2%** | **COMMON STOCKS – 98.2%** |  |
| **Communication services – 0.9%** |  |  |
| **Interactive media and services – 0.9%** | **Interactive media and services – 0.9%** |  |
| Pinterest, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196700 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5092563 |
| **Consumer discretionary – 6.4%** |  |  |
| **Broadline retail – 1.3%** | **Broadline retail – 1.3%** |  |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3179150 |
| Global-e Online, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4607132 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7786282 |
| **Hotels, restaurants and leisure – 0.7%** | **Hotels, restaurants and leisure – 0.7%** |  |
| Aramark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4302004 |
| **Household durables – 1.2%** | **Household durables – 1.2%** |  |
| Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3169746 |
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3591205 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6760951 |
| **Specialty retail – 1.7%** | **Specialty retail – 1.7%** |  |
| Advance Auto Parts, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6376779 |
| Burlington Stores, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386766 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9763545 |
| **Textiles, apparel and luxury goods – 1.5%** | **Textiles, apparel and luxury goods – 1.5%** |  |
| Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5462921 |
| VF Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3595389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9058310 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37671092 |
| **Consumer staples – 1.8%** |  |  |
| **Beverages – 0.5%** | **Beverages – 0.5%** |  |
| Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2946652 |
| **Food products – 1.3%** | **Food products – 1.3%** |  |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7647815 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10594467 |
| **Energy – 6.2%** |  |  |
| **Energy equipment and services – 1.9%** | **Energy equipment and services – 1.9%** |  |
| Baker Hughes Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4034206 |
| TechnipFMC PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3628521 |
| Tidewater, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372654 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11035381 |
| **Oil, gas and consumable fuels – 4.3%** | **Oil, gas and consumable fuels – 4.3%** |  |
| Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5178974 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3563549 |
| Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2896141 |
| Permian Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3423320 |
| Phillips 66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5974552 |

---

#### Mid Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| Viper Energy, Inc., Class A | 119068 | $&nbsp;&nbsp;&nbsp;4599597 |
|  |  | 25636133 |
|  |  | 36671514 |
| **Financials – 20.9%** |  |  |
| **Banks – 5.4%** | **Banks – 5.4%** |  |
| Central BanCo, Inc. | &nbsp;&nbsp;32055 | &nbsp;&nbsp;&nbsp;&nbsp;773167 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;89679 | &nbsp;&nbsp;&nbsp;2506528 |
| Fifth Third Bancorp | 136555 | &nbsp;&nbsp;&nbsp;6392140 |
| KeyCorp | 240363 | &nbsp;&nbsp;&nbsp;4961092 |
| Popular, Inc. | &nbsp;&nbsp;52266 | &nbsp;&nbsp;&nbsp;6508162 |
| Webster Financial Corp. (B) | &nbsp;&nbsp;75775 | &nbsp;&nbsp;&nbsp;4769279 |
| Western Alliance Bancorp | &nbsp;&nbsp;66019 | &nbsp;&nbsp;&nbsp;5550217 |
|  |  | 31460585 |
| **Capital markets – 2.9%** | **Capital markets – 2.9%** |  |
| Invesco, Ltd. | &nbsp;&nbsp;63200 | &nbsp;&nbsp;&nbsp;1660264 |
| Lazard, Inc. | 175476 | &nbsp;&nbsp;&nbsp;8521115 |
| Main Street Capital Corp. (B) | &nbsp;&nbsp;58282 | &nbsp;&nbsp;&nbsp;3519650 |
| StepStone Group, Inc., Class A (B) | &nbsp;&nbsp;48684 | &nbsp;&nbsp;&nbsp;3124052 |
|  |  | 16825081 |
| **Consumer finance – 1.1%** | **Consumer finance – 1.1%** |  |
| OneMain Holdings, Inc. | &nbsp;&nbsp;47359 | &nbsp;&nbsp;&nbsp;3199100 |
| SLM Corp. | 126000 | &nbsp;&nbsp;&nbsp;3409560 |
|  |  | &nbsp;&nbsp;&nbsp;6608660 |
| **Financial services – 3.8%** | **Financial services – 3.8%** |  |
| Block, Inc. (A) | &nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp;&nbsp;709481 |
| Corebridge Financial, Inc. | 107011 | &nbsp;&nbsp;&nbsp;3228522 |
| Corpay, Inc. (A) | &nbsp;&nbsp;28619 | &nbsp;&nbsp;&nbsp;8612316 |
| Marqeta, Inc., Class A (A) | 736150 | &nbsp;&nbsp;&nbsp;3496713 |
| Voya Financial, Inc. | &nbsp;&nbsp;85369 | &nbsp;&nbsp;&nbsp;6359137 |
|  |  | 22406169 |
| **Insurance – 7.1%** | **Insurance – 7.1%** |  |
| American International Group, Inc. | &nbsp;&nbsp;90000 | &nbsp;&nbsp;&nbsp;7699500 |
| Assurant, Inc. | &nbsp;&nbsp;21198 | &nbsp;&nbsp;&nbsp;5105538 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;55000 | &nbsp;&nbsp;&nbsp;2539900 |
| Lincoln National Corp. | 111300 | &nbsp;&nbsp;&nbsp;4956189 |
| RenaissanceRe Holdings, Ltd. | &nbsp;&nbsp;26675 | &nbsp;&nbsp;&nbsp;7499943 |
| The Allstate Corp. | &nbsp;&nbsp;22207 | &nbsp;&nbsp;&nbsp;4622387 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;27851 | &nbsp;&nbsp;&nbsp;5090327 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 78 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Willis Towers Watson PLC | &nbsp;&nbsp;11080 | $&nbsp;&nbsp;&nbsp;&nbsp;3640888 |
|  |  | &nbsp;&nbsp;&nbsp;41154672 |
| **Mortgage real estate investment trusts – 0.6%** | **Mortgage real estate investment trusts – 0.6%** |  |
| Annaly Capital Management, Inc. | 165400 | &nbsp;&nbsp;&nbsp;&nbsp;3698344 |
|  |  | 122153511 |
| **Health care – 10.0%** |  |  |
| **Biotechnology – 1.3%** | **Biotechnology – 1.3%** |  |
| Alkermes PLC (A) | 156196 | &nbsp;&nbsp;&nbsp;&nbsp;4370364 |
| Neurocrine Biosciences, Inc. (A) | &nbsp;&nbsp;23700 | &nbsp;&nbsp;&nbsp;&nbsp;3361371 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7731735 |
| **Health care equipment and supplies – 3.1%** | **Health care equipment and supplies – 3.1%** |  |
| The Cooper Companies, Inc. (A) | 125300 | &nbsp;&nbsp;&nbsp;10269585 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;89595 | &nbsp;&nbsp;&nbsp;&nbsp;8056382 |
|  |  | &nbsp;&nbsp;&nbsp;18325967 |
| **Health care providers and services – 3.1%** | **Health care providers and services – 3.1%** |  |
| Centene Corp. (A) | &nbsp;&nbsp;88400 | &nbsp;&nbsp;&nbsp;&nbsp;3637660 |
| Concentra Group Holdings Parent, Inc. | 296060 | &nbsp;&nbsp;&nbsp;&nbsp;5826461 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;17600 | &nbsp;&nbsp;&nbsp;&nbsp;3054304 |
| Select Medical Holdings Corp. | 359769 | &nbsp;&nbsp;&nbsp;&nbsp;5342570 |
|  |  | &nbsp;&nbsp;&nbsp;17860995 |
| **Life sciences tools and services – 0.6%** | **Life sciences tools and services – 0.6%** |  |
| Waters Corp. (A) | &nbsp;&nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;3190572 |
| **Pharmaceuticals – 1.9%** | **Pharmaceuticals – 1.9%** |  |
| Perrigo Company PLC | 379600 | &nbsp;&nbsp;&nbsp;&nbsp;5284032 |
| Viatris, Inc. | 477073 | &nbsp;&nbsp;&nbsp;&nbsp;5939559 |
|  |  | &nbsp;&nbsp;&nbsp;11223591 |
|  |  | &nbsp;&nbsp;&nbsp;58332860 |
| **Industrials – 18.8%** |  |  |
| **Aerospace and defense – 4.1%** | **Aerospace and defense – 4.1%** |  |
| Hexcel Corp. (B) | &nbsp;&nbsp;97600 | &nbsp;&nbsp;&nbsp;&nbsp;7212640 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;19450 | &nbsp;&nbsp;&nbsp;&nbsp;5709937 |
| StandardAero, Inc. (A) | 274407 | &nbsp;&nbsp;&nbsp;&nbsp;7869993 |
| Textron, Inc. | &nbsp;&nbsp;38504 | &nbsp;&nbsp;&nbsp;&nbsp;3356394 |
|  |  | &nbsp;&nbsp;&nbsp;24148964 |
| **Construction and engineering – 1.5%** | **Construction and engineering – 1.5%** |  |
| API Group Corp. (A) | 222904 | &nbsp;&nbsp;&nbsp;&nbsp;8528307 |
| **Electrical equipment – 0.9%** | **Electrical equipment – 0.9%** |  |
| Sensata Technologies Holding PLC | 157943 | &nbsp;&nbsp;&nbsp;&nbsp;5257922 |
| **Ground transportation – 1.6%** | **Ground transportation – 1.6%** |  |
| CSX Corp. | &nbsp;&nbsp;91800 | &nbsp;&nbsp;&nbsp;&nbsp;3327750 |
| Saia, Inc. (A) | &nbsp;&nbsp;18906 | &nbsp;&nbsp;&nbsp;&nbsp;6173187 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9500937 |
| **Machinery – 5.8%** | **Machinery – 5.8%** |  |
| AGCO Corp. | &nbsp;&nbsp;46550 | &nbsp;&nbsp;&nbsp;&nbsp;4856096 |
| Esab Corp. | &nbsp;&nbsp;55770 | &nbsp;&nbsp;&nbsp;&nbsp;6230624 |
| Fortive Corp. | 126202 | &nbsp;&nbsp;&nbsp;&nbsp;6967612 |
| JBT Marel Corp. | &nbsp;&nbsp;22700 | &nbsp;&nbsp;&nbsp;&nbsp;3420209 |
| The Middleby Corp. (A) | &nbsp;&nbsp;60083 | &nbsp;&nbsp;&nbsp;&nbsp;8932540 |
| Xylem, Inc. | &nbsp;&nbsp;23500 | &nbsp;&nbsp;&nbsp;&nbsp;3200230 |
|  |  | &nbsp;&nbsp;&nbsp;33607311 |
| **Passenger airlines – 1.1%** | **Passenger airlines – 1.1%** |  |
| Southwest Airlines Company | 156195 | &nbsp;&nbsp;&nbsp;&nbsp;6455539 |
| **Professional services – 2.5%** | **Professional services – 2.5%** |  |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;11600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978576 |
| First Advantage Corp. (A)(B) | 299893 | &nbsp;&nbsp;&nbsp;&nbsp;4357445 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;57767 | &nbsp;&nbsp;&nbsp;&nbsp;5049991 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** |  |
| Verra Mobility Corp. (A) | 187377 | $&nbsp;&nbsp;&nbsp;&nbsp;4199119 |
|  |  | &nbsp;&nbsp;&nbsp;14585131 |
| **Trading companies and distributors – 1.3%** | **Trading companies and distributors – 1.3%** |  |
| SiteOne Landscape Supply, Inc. (A) | &nbsp;&nbsp;32659 | &nbsp;&nbsp;&nbsp;&nbsp;4068005 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;&nbsp;3733485 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7801490 |
|  |  | 109885601 |
| **Information technology – 13.5%** |  |  |
| **Communications equipment – 0.4%** | **Communications equipment – 0.4%** |  |
| Viasat, Inc. (A) | &nbsp;&nbsp;62000 | &nbsp;&nbsp;&nbsp;&nbsp;2136520 |
| **Electronic equipment, instruments and components – 5.2%** | **Electronic equipment, instruments and components – 5.2%** |  |
| Belden, Inc. | &nbsp;&nbsp;36300 | &nbsp;&nbsp;&nbsp;&nbsp;4230765 |
| CDW Corp. | &nbsp;&nbsp;22800 | &nbsp;&nbsp;&nbsp;&nbsp;3105360 |
| Corning, Inc. | 101264 | &nbsp;&nbsp;&nbsp;&nbsp;8866676 |
| Keysight Technologies, Inc. (A) | &nbsp;&nbsp;44700 | &nbsp;&nbsp;&nbsp;&nbsp;9082593 |
| TE Connectivity PLC | &nbsp;&nbsp;23235 | &nbsp;&nbsp;&nbsp;&nbsp;5286195 |
|  |  | &nbsp;&nbsp;&nbsp;30571589 |
| **IT services – 0.8%** | **IT services – 0.8%** |  |
| GoDaddy, Inc., Class A (A) | &nbsp;&nbsp;38920 | &nbsp;&nbsp;&nbsp;&nbsp;4829194 |
| **Semiconductors and semiconductor equipment – 2.9%** | **Semiconductors and semiconductor equipment – 2.9%** |  |
| MKS, Inc. | &nbsp;&nbsp;42276 | &nbsp;&nbsp;&nbsp;&nbsp;6755705 |
| Qnity Electronics, Inc. | &nbsp;&nbsp;34548 | &nbsp;&nbsp;&nbsp;&nbsp;2820844 |
| Rambus, Inc. (A) | &nbsp;&nbsp;29955 | &nbsp;&nbsp;&nbsp;&nbsp;2752565 |
| Teradyne, Inc. | &nbsp;&nbsp;19400 | &nbsp;&nbsp;&nbsp;&nbsp;3755064 |
| Wolfspeed, Inc. (A) | &nbsp;&nbsp;35276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614155 |
|  |  | &nbsp;&nbsp;&nbsp;16698333 |
| **Software – 2.8%** | **Software – 2.8%** |  |
| CCC Intelligent Solutions Holdings, Inc. (A) | 467128 | &nbsp;&nbsp;&nbsp;&nbsp;3713668 |
| Clearwater Analytics Holdings, Inc., Class A (A) | 248400 | &nbsp;&nbsp;&nbsp;&nbsp;5991408 |
| DocuSign, Inc. (A) | &nbsp;&nbsp;63766 | &nbsp;&nbsp;&nbsp;&nbsp;4361594 |
| Gitlab, Inc., Class A (A) | &nbsp;&nbsp;70100 | &nbsp;&nbsp;&nbsp;&nbsp;2630853 |
|  |  | &nbsp;&nbsp;&nbsp;16697523 |
| **Technology hardware, storage and peripherals – 1.4%** | **Technology hardware, storage and peripherals – 1.4%** |  |
| Sandisk Corp. (A) | &nbsp;&nbsp;15750 | &nbsp;&nbsp;&nbsp;&nbsp;3738735 |
| Western Digital Corp. | &nbsp;&nbsp;24906 | &nbsp;&nbsp;&nbsp;&nbsp;4290557 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8029292 |
|  |  | &nbsp;&nbsp;&nbsp;78962451 |
| **Materials – 5.0%** |  |  |
| **Chemicals – 1.1%** | **Chemicals – 1.1%** |  |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;69097 | &nbsp;&nbsp;&nbsp;&nbsp;2777699 |
| Westlake Corp. | &nbsp;&nbsp;47900 | &nbsp;&nbsp;&nbsp;&nbsp;3541726 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6319425 |
| **Construction materials – 0.6%** | **Construction materials – 0.6%** |  |
| Knife River Corp. (A) | &nbsp;&nbsp;50466 | &nbsp;&nbsp;&nbsp;&nbsp;3550283 |
| **Containers and packaging – 1.1%** | **Containers and packaging – 1.1%** |  |
| International Paper Company | 166802 | &nbsp;&nbsp;&nbsp;&nbsp;6570331 |
| **Metals and mining – 1.3%** | **Metals and mining – 1.3%** |  |
| Franco-Nevada Corp. | &nbsp;&nbsp;21708 | &nbsp;&nbsp;&nbsp;&nbsp;4499758 |
| OR Royalties, Inc. (B) | &nbsp;&nbsp;89100 | &nbsp;&nbsp;&nbsp;&nbsp;3156200 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7655958 |
| **Paper and forest products – 0.9%** | **Paper and forest products – 0.9%** |  |
| Stora Enso OYJ, R Shares | 398777 | &nbsp;&nbsp;&nbsp;&nbsp;4978983 |
|  |  | &nbsp;&nbsp;&nbsp;29074980 |
| **Real estate – 7.8%** |  |  |
| **Health care REITs – 1.3%** | **Health care REITs – 1.3%** |  |
| Healthcare Realty Trust, Inc. | 219967 | &nbsp;&nbsp;&nbsp;&nbsp;3728441 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 79 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Mid Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care REITs (continued)** | **Health care REITs (continued)** |  |
| Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51700 | $&nbsp;&nbsp;&nbsp;&nbsp;4000546 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7728987 |
| **Industrial REITs – 0.8%** | **Industrial REITs – 0.8%** |  |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;125421 | &nbsp;&nbsp;&nbsp;&nbsp;4856301 |
| **Office REITs – 0.7%** | **Office REITs – 0.7%** |  |
| Vornado Realty Trust | &nbsp;&nbsp;119276 | &nbsp;&nbsp;&nbsp;&nbsp;3969505 |
| **Real estate management and development – 0.7%** | **Real estate management and development – 0.7%** |  |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;12344 | &nbsp;&nbsp;&nbsp;&nbsp;4153386 |
| **Residential REITs – 2.6%** | **Residential REITs – 2.6%** |  |
| Apartment Investment and Management Company, Class A | &nbsp;&nbsp;401057 | &nbsp;&nbsp;&nbsp;&nbsp;2382279 |
| Equity Residential | &nbsp;&nbsp;&nbsp;&nbsp;86831 | &nbsp;&nbsp;&nbsp;&nbsp;5473826 |
| Sun Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57446 | &nbsp;&nbsp;&nbsp;&nbsp;7118134 |
|  |  | &nbsp;&nbsp;&nbsp;14974239 |
| **Retail REITs – 1.0%** | **Retail REITs – 1.0%** |  |
| Regency Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82812 | &nbsp;&nbsp;&nbsp;&nbsp;5716512 |
| **Specialized REITs – 0.7%** | **Specialized REITs – 0.7%** |  |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27700 | &nbsp;&nbsp;&nbsp;&nbsp;4285467 |
|  |  | &nbsp;&nbsp;&nbsp;45684397 |
| **Utilities – 6.9%** |  |  |
| **Electric utilities – 2.2%** | **Electric utilities – 2.2%** |  |
| FirstEnergy Corp. | &nbsp;&nbsp;148374 | &nbsp;&nbsp;&nbsp;&nbsp;6642704 |
| PG&E Corp. | &nbsp;&nbsp;403830 | &nbsp;&nbsp;&nbsp;&nbsp;6489548 |
|  |  | &nbsp;&nbsp;&nbsp;13132252 |
| **Gas utilities – 0.4%** | **Gas utilities – 0.4%** |  |
| National Fuel Gas Company | &nbsp;&nbsp;&nbsp;&nbsp;28796 | &nbsp;&nbsp;&nbsp;&nbsp;2305408 |
| **Multi-utilities – 4.3%** | **Multi-utilities – 4.3%** |  |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;74684 | &nbsp;&nbsp;&nbsp;&nbsp;7457944 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;126174 | &nbsp;&nbsp;&nbsp;&nbsp;4837511 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61100 | &nbsp;&nbsp;&nbsp;&nbsp;6068452 |
| Dominion Energy, Inc. | &nbsp;&nbsp;117230 | &nbsp;&nbsp;&nbsp;&nbsp;6868506 |
|  |  | &nbsp;&nbsp;&nbsp;25232413 |
|  |  | &nbsp;&nbsp;&nbsp;40670073 |
| TOTAL COMMON STOCKS (Cost $505,360,736) | TOTAL COMMON STOCKS (Cost $505,360,736) | $574793509 |
| **CONVERTIBLE BONDS - 0.2%** |  |  |
| **Information technology - 0.2%** |  |  |
| Wolfspeed, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.500%, 06/15/2031 | $&nbsp;&nbsp;344000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509550 |
| &nbsp;&nbsp;&nbsp;2.500%, 06/15/2031 (C) | &nbsp;&nbsp;416000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616200 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1125750 |
| TOTAL CONVERTIBLE BONDS (Cost $621,634) | TOTAL CONVERTIBLE BONDS (Cost $621,634) | $&nbsp;&nbsp;&nbsp;&nbsp;1125750 |
| **CORPORATE BONDS - 0.0%** |  |  |
| **Information technology - 0.0%** |  |  |
| Wolfspeed, Inc.<br> 7.000%, (7.000% Cash or 12.000% PIK), 06/15/2031 | &nbsp;&nbsp;426195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340956 |
| TOTAL CORPORATE BONDS (Cost $685,622) | TOTAL CORPORATE BONDS (Cost $685,622) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340956 |
| **SHORT-TERM INVESTMENTS – 3.4%** | **SHORT-TERM INVESTMENTS – 3.4%** |  |
| **Short-term funds – 3.4%** |  |  |
| John Hancock Collateral Trust, 3.7477% (D)(E) | 1004793 | &nbsp;&nbsp;&nbsp;10052151 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS (continued)** | **SHORT-TERM INVESTMENTS (continued)** |  |
| **Short-term funds (continued)** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (D) | 1764235 | $&nbsp;&nbsp;&nbsp;&nbsp;1764235 |
| T. Rowe Price Government Reserve Fund, 3.7374% (D) | 7893175 | &nbsp;&nbsp;&nbsp;&nbsp;7893175 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $19,709,746) | TOTAL SHORT-TERM INVESTMENTS (Cost $19,709,746) | $&nbsp;&nbsp;&nbsp;19709561 |
| **Total Investments (Mid Value Trust)<br> (Cost $526,377,738) – 101.8%** | **Total Investments (Mid Value Trust)<br> (Cost $526,377,738) – 101.8%** | $**595969776** |
| **Other assets and liabilities, net – (1.8%)** | **Other assets and liabilities, net – (1.8%)** | &nbsp;&nbsp;**(10784008)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**585185768** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| 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. |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | 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. |
| (D) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (E) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Real Estate Securities Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.2%** | **COMMON STOCKS – 98.2%** |  |
| **Consumer discretionary – 2.8%** |  |  |
| **Hotels, restaurants and leisure – 2.8%** | **Hotels, restaurants and leisure – 2.8%** |  |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15192 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4363902 |
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3710606 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8074508 |
| **Financials – 1.5%** |  |  |
| **Capital markets – 1.5%** | **Capital markets – 1.5%** |  |
| Brookfield Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4522918 |
| **Health care – 1.6%** |  |  |
| **Health care providers and services – 1.6%** | **Health care providers and services – 1.6%** |  |
| Brookdale Senior Living, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4655356 |
| **Information technology – 0.4%** |  |  |
| **IT services – 0.4%** | **IT services – 0.4%** |  |
| Applied Digital Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1241448 |
| **Real estate – 91.9%** |  |  |
| **Diversified REITs – 6.0%** | **Diversified REITs – 6.0%** |  |
| Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6385620 |
| WP Carey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11366813 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17752433 |
| **Health care REITs – 20.5%** | **Health care REITs – 20.5%** |  |
| American Healthcare REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8397622 |
| CareTrust REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8215660 |
| Ventas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6312738 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 80 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Real Estate Securities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care REITs (continued)** | **Health care REITs (continued)** |  |
| Welltower, Inc. | &nbsp;&nbsp;202004 | $&nbsp;&nbsp;&nbsp;37493962 |
|  |  | &nbsp;&nbsp;&nbsp;60419982 |
| **Hotel and resort REITs – 1.1%** | **Hotel and resort REITs – 1.1%** |  |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;235538 | &nbsp;&nbsp;&nbsp;&nbsp;3330507 |
| **Industrial REITs – 16.0%** | **Industrial REITs – 16.0%** |  |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31532 | &nbsp;&nbsp;&nbsp;&nbsp;5617110 |
| LXP Industrial Trust | &nbsp;&nbsp;135176 | &nbsp;&nbsp;&nbsp;&nbsp;6702026 |
| Prologis, Inc. | &nbsp;&nbsp;272339 | &nbsp;&nbsp;&nbsp;34766797 |
|  |  | &nbsp;&nbsp;&nbsp;47085933 |
| **Office REITs – 3.6%** | **Office REITs – 3.6%** |  |
| COPT Defense Properties | &nbsp;&nbsp;124697 | &nbsp;&nbsp;&nbsp;&nbsp;3466577 |
| Kilroy Realty Corp. | &nbsp;&nbsp;173297 | &nbsp;&nbsp;&nbsp;&nbsp;6476109 |
| SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511038 |
|  |  | &nbsp;&nbsp;&nbsp;10453724 |
| **Real estate management and development – 1.8%** | **Real estate management and development – 1.8%** |  |
| CBRE Group, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;23064 | &nbsp;&nbsp;&nbsp;&nbsp;3708461 |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4274 | &nbsp;&nbsp;&nbsp;&nbsp;1438073 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5146534 |
| **Residential REITs – 13.1%** | **Residential REITs – 13.1%** |  |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36082 | &nbsp;&nbsp;&nbsp;&nbsp;6542027 |
| Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;14231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949492 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45341 | &nbsp;&nbsp;&nbsp;11864833 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79932 | &nbsp;&nbsp;&nbsp;11103354 |
| Sun Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66040 | &nbsp;&nbsp;&nbsp;&nbsp;8183016 |
|  |  | &nbsp;&nbsp;&nbsp;38642722 |
| **Retail REITs – 14.2%** | **Retail REITs – 14.2%** |  |
| Acadia Realty Trust | &nbsp;&nbsp;164901 | &nbsp;&nbsp;&nbsp;&nbsp;3387067 |
| Realty Income Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38520 | &nbsp;&nbsp;&nbsp;&nbsp;2171372 |
| Regency Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;65083 | &nbsp;&nbsp;&nbsp;&nbsp;4492679 |
| Simon Property Group, Inc. | &nbsp;&nbsp;105882 | &nbsp;&nbsp;&nbsp;19599817 |
| Tanger, Inc. | &nbsp;&nbsp;119826 | &nbsp;&nbsp;&nbsp;&nbsp;3998594 |
| The Macerich Company | &nbsp;&nbsp;158455 | &nbsp;&nbsp;&nbsp;&nbsp;2925079 |
| Urban Edge Properties | &nbsp;&nbsp;281043 | &nbsp;&nbsp;&nbsp;&nbsp;5393215 |
|  |  | &nbsp;&nbsp;&nbsp;41967823 |
| **Specialized REITs – 15.6%** | **Specialized REITs – 15.6%** |  |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67441 | &nbsp;&nbsp;&nbsp;10433797 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24821 | &nbsp;&nbsp;&nbsp;19016857 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;36761 | &nbsp;&nbsp;&nbsp;&nbsp;9539480 |
| Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;225407 | &nbsp;&nbsp;&nbsp;&nbsp;6974093 |
|  |  | &nbsp;&nbsp;&nbsp;45964227 |
|  |  | 270763885 |
| TOTAL COMMON STOCKS (Cost $262,473,457) | TOTAL COMMON STOCKS (Cost $262,473,457) | $289258115 |
| **SHORT-TERM INVESTMENTS – 1.6%** | **SHORT-TERM INVESTMENTS – 1.6%** |  |
| **Short-term funds – 1.6%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (B) | 4690375 | &nbsp;&nbsp;&nbsp;&nbsp;4690375 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $4,690,375) | TOTAL SHORT-TERM INVESTMENTS (Cost $4,690,375) | $&nbsp;&nbsp;&nbsp;&nbsp;4690375 |
| **Total Investments (Real Estate Securities Trust)<br> (Cost $267,163,832) – 99.8%** | **Total Investments (Real Estate Securities Trust)<br> (Cost $267,163,832) – 99.8%** | $**293948490** |
| **Other assets and liabilities, net – 0.2%** | **Other assets and liabilities, net – 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**707939** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**294656429** |

---

<u>Security Abbreviations and Legend</u> <br> (A) Non-income producing security. <br> (B) The rate shown is the annualized seven-day yield as of 12-31-25.

#### Science & Technology Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 99.2%** | **COMMON STOCKS – 99.2%** |  |
| **Communication services – 13.8%** |  |  |
| **Interactive media and services – 13.8%** | **Interactive media and services – 13.8%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172299 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53929587 |
| Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46545954 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63040575 |
| Reddit, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1655064 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165171180 |
| **Consumer discretionary – 0.3%** |  |  |
| **Automobiles – 0.3%** | **Automobiles – 0.3%** |  |
| Tesla, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4240860 |
| **Industrials – 0.2%** |  |  |
| **Aerospace and defense – 0.1%** | **Aerospace and defense – 0.1%** |  |
| Beta Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1104619 |
| **Machinery – 0.1%** | **Machinery – 0.1%** |  |
| Fortive Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2330281 |
| **Information technology – 84.9%** |  |  |
| **Communications equipment – 4.3%** | **Communications equipment – 4.3%** |  |
| Arista Networks, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10777218 |
| Ciena Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2642731 |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24675328 |
| F5, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969988 |
| Lumentum Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7519236 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4369848 |
| Viasat, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465210 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51419559 |
| **Electronic equipment, instruments and components – 3.3%** | **Electronic equipment, instruments and components – 3.3%** |  |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649047 |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12913032 |
| Celestica, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532098 |
| Coherent Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5518643 |
| Corning, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5111052 |
| Fabrinet (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2458512 |
| Flex, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1836768 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1984914 |
| Sanmina Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450210 |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7110143 |
| TTM Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855600 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39420019 |
| **IT services – 6.1%** | **IT services – 6.1%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19854200 |
| DigitalOcean Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144360 |
| EPAM Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1249768 |
| Gartner, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605472 |
| GoDaddy, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595584 |
| IBM Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22512256 |
| MongoDB, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2476171 |
| Shopify, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19970421 |
| Snowflake, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049104 |
| Twilio, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1564640 |
| VeriSign, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607375 |
| Whitefiber, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;861890 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73491241 |
| **Semiconductors and semiconductor equipment – 37.3%** | **Semiconductors and semiconductor equipment – 37.3%** |  |
| Advanced Micro Devices, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25848041 |
| Advantest Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3831369 |
| Amkor Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153972 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10061520 |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10922075 |
| Astera Labs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9482520 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103345114 |
| Credo Technology Group Holding, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4820315 |
| Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1255325 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 81 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Science & Technology Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Semiconductors and semiconductor equipment (continued)** | **Semiconductors and semiconductor equipment (continued)** |  |
| First Solar, Inc. (A) | &nbsp;&nbsp;&nbsp;9599 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2507547 |
| FormFactor, Inc. (A) | &nbsp;&nbsp;&nbsp;5504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307013 |
| Impinj, Inc. (A) | &nbsp;&nbsp;28100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4889681 |
| Intel Corp. (A) | 351833 | &nbsp;&nbsp;&nbsp;&nbsp;12982638 |
| KLA Corp. | &nbsp;&nbsp;20687 | &nbsp;&nbsp;&nbsp;&nbsp;25136360 |
| Lam Research Corp. | 169300 | &nbsp;&nbsp;&nbsp;&nbsp;28980774 |
| Marvell Technology, Inc. | &nbsp;&nbsp;17653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500152 |
| Microchip Technology, Inc. | &nbsp;&nbsp;21300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1357236 |
| Micron Technology, Inc. | &nbsp;&nbsp;94688 | &nbsp;&nbsp;&nbsp;&nbsp;27024902 |
| MKS, Inc. | &nbsp;&nbsp;&nbsp;8400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1342320 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;14306 | &nbsp;&nbsp;&nbsp;&nbsp;12966386 |
| NVIDIA Corp. | 659391 | &nbsp;&nbsp;&nbsp;&nbsp;122976420 |
| NXP Semiconductors NV | &nbsp;&nbsp;21100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4579966 |
| ON Semiconductor Corp. (A) | &nbsp;&nbsp;22900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240035 |
| Onto Innovation, Inc. (A) | &nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631440 |
| Qualcomm, Inc. | &nbsp;&nbsp;17400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2976270 |
| Rambus, Inc. (A) | &nbsp;&nbsp;38857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3570570 |
| Semtech Corp. (A) | &nbsp;&nbsp;&nbsp;9500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700055 |
| SiTime Corp. (A) | &nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600423 |
| SK Hynix, Inc. | &nbsp;&nbsp;&nbsp;4921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2228612 |
| Teradyne, Inc. | &nbsp;&nbsp;34700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6716532 |
| Texas Instruments, Inc. | &nbsp;&nbsp;63000 | &nbsp;&nbsp;&nbsp;&nbsp;10929870 |
| Tower Semiconductor, Ltd. (A) | &nbsp;&nbsp;11020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1293968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;447159421 |
| **Software – 24.3%** | **Software – 24.3%** |  |
| Adobe, Inc. (A) | &nbsp;&nbsp;51400 | &nbsp;&nbsp;&nbsp;&nbsp;17989486 |
| AppLovin Corp., Class A (A) | &nbsp;&nbsp;21100 | &nbsp;&nbsp;&nbsp;&nbsp;14217602 |
| Atlassian Corp., Class A (A) | &nbsp;&nbsp;30300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4912842 |
| Cadence Design Systems, Inc. (A) | &nbsp;&nbsp;17200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5376376 |
| Crowdstrike Holdings, Inc., Class A (A) | &nbsp;&nbsp;16274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7628600 |
| D-Wave Quantum, Inc. (A)(B) | &nbsp;&nbsp;11400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298110 |
| Gen Digital, Inc. | &nbsp;&nbsp;44300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1204517 |
| HubSpot, Inc. (A) | &nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3852480 |
| InterDigital, Inc. | &nbsp;&nbsp;18809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5988409 |
| Intuit, Inc. | &nbsp;&nbsp;22100 | &nbsp;&nbsp;&nbsp;&nbsp;14639482 |
| Microsoft Corp. | 216663 | &nbsp;&nbsp;&nbsp;&nbsp;104782560 |
| Nutanix, Inc., Class A (A) | &nbsp;&nbsp;24200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250898 |
| Oracle Corp. | &nbsp;&nbsp;65326 | &nbsp;&nbsp;&nbsp;&nbsp;12732691 |
| Palantir Technologies, Inc., Class A (A) | 170432 | &nbsp;&nbsp;&nbsp;&nbsp;30294288 |
| Palo Alto Networks, Inc. (A) | &nbsp;&nbsp;63408 | &nbsp;&nbsp;&nbsp;&nbsp;11679754 |
| Pegasystems, Inc. | &nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597200 |
| PTC, Inc. (A) | &nbsp;&nbsp;14300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2491203 |
| Riot Platforms, Inc. (A) | &nbsp;&nbsp;50900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644903 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;6800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3026884 |
| Salesforce, Inc. | 113600 | &nbsp;&nbsp;&nbsp;&nbsp;30093776 |
| ServiceNow, Inc. (A) | &nbsp;&nbsp;41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6280790 |
| Synopsys, Inc. (A) | &nbsp;&nbsp;14216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6677540 |
| UiPath, Inc., Class A (A) | &nbsp;&nbsp;75100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1230889 |
| Unity Software, Inc. (A) | &nbsp;&nbsp;58700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2592779 |
| Zeta Global Holdings Corp., Class A (A) | &nbsp;&nbsp;54602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111151 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;291595210 |
| **Technology hardware, storage and peripherals – 9.6%** | **Technology hardware, storage and peripherals – 9.6%** |  |
| Apple, Inc. | 370653 | &nbsp;&nbsp;&nbsp;&nbsp;100765725 |
| IonQ, Inc. (A) | &nbsp;&nbsp;35600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1597372 |
| Pure Storage, Inc., Class A (A) | &nbsp;&nbsp;19400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299994 |
| Sandisk Corp. (A) | &nbsp;&nbsp;16500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3916770 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;16600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4571474 |
| Western Digital Corp. | &nbsp;&nbsp;18900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3255903 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;115407238 |
|  |  | 1018492688 |
| TOTAL COMMON STOCKS (Cost $1,049,064,022) | TOTAL COMMON STOCKS (Cost $1,049,064,022) | $1190235009 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 0.7%** | **SHORT-TERM INVESTMENTS – 0.7%** |  |
| **Short-term funds – 0.7%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | &nbsp;&nbsp;116356 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164046 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (C) | &nbsp;&nbsp;894770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894770 |
| T. Rowe Price Government Reserve Fund, 3.7374% (C) | 6186272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6186272 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $8,245,121) | TOTAL SHORT-TERM INVESTMENTS (Cost $8,245,121) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8245088 |
| **Total Investments (Science & Technology Trust)<br> (Cost $1,057,309,143) – 99.9%** | **Total Investments (Science & Technology Trust)<br> (Cost $1,057,309,143) – 99.9%** | $**1198480097** |
| **Other assets and liabilities, net – 0.1%** | **Other assets and liabilities, net – 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1466129** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**1199946226** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Small Cap Core Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 97.7%** | **COMMON STOCKS – 97.7%** |  |
| **Communication services – 1.6%** |  |  |
| **Entertainment – 1.6%** | **Entertainment – 1.6%** |  |
| Madison Square Garden Sports Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18659 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4826150 |
| **Consumer discretionary – 13.1%** |  |  |
| **Diversified consumer services – 1.5%** | **Diversified consumer services – 1.5%** |  |
| Mister Car Wash, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4240034 |
| **Hotels, restaurants and leisure – 5.3%** | **Hotels, restaurants and leisure – 5.3%** |  |
| First Watch Restaurant Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3176632 |
| Genius Sports, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5103384 |
| Life Time Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3791212 |
| Wingstop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3476707 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15547935 |
| **Household durables – 1.1%** | **Household durables – 1.1%** |  |
| Green Brick Partners, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3349866 |
| **Specialty retail – 2.9%** | **Specialty retail – 2.9%** |  |
| Bath & Body Works, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3818152 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4524008 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8342160 |
| **Textiles, apparel and luxury goods – 2.3%** | **Textiles, apparel and luxury goods – 2.3%** |  |
| Levi Strauss & Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3757964 |
| On Holding AG, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3067680 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6825644 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38305639 |
| **Consumer staples – 2.4%** |  |  |
| **Household products – 1.1%** | **Household products – 1.1%** |  |
| Central Garden & Pet Company, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3312481 |
| **Personal care products – 1.3%** | **Personal care products – 1.3%** |  |
| BellRing Brands, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3784674 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7097155 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 82 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Core Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Energy – 2.7%** |  |  |
| **Energy equipment and services – 1.1%** | **Energy equipment and services – 1.1%** |  |
| Liberty Energy, Inc. | 168089 | $&nbsp;&nbsp;&nbsp;3102923 |
| **Oil, gas and consumable fuels – 1.6%** | **Oil, gas and consumable fuels – 1.6%** |  |
| Magnolia Oil & Gas Corp., Class A | 220201 | &nbsp;&nbsp;&nbsp;4820200 |
|  |  | &nbsp;&nbsp;&nbsp;7923123 |
| **Financials – 13.2%** |  |  |
| **Banks – 9.8%** | **Banks – 9.8%** |  |
| Banner Corp. | &nbsp;&nbsp;90179 | &nbsp;&nbsp;&nbsp;5650616 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;46722 | &nbsp;&nbsp;&nbsp;5916407 |
| Old National Bancorp | 197490 | &nbsp;&nbsp;&nbsp;4406002 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;21036 | &nbsp;&nbsp;&nbsp;2007045 |
| SouthState Bank Corp. | &nbsp;&nbsp;65748 | &nbsp;&nbsp;&nbsp;6187543 |
| Univest Financial Corp. | 141045 | &nbsp;&nbsp;&nbsp;4617813 |
|  |  | 28785426 |
| **Capital markets – 3.4%** | **Capital markets – 3.4%** |  |
| Evercore, Inc., Class A | &nbsp;&nbsp;16215 | &nbsp;&nbsp;&nbsp;5517154 |
| Moelis & Company, Class A | &nbsp;&nbsp;64215 | &nbsp;&nbsp;&nbsp;4414139 |
|  |  | &nbsp;&nbsp;&nbsp;9931293 |
|  |  | 38716719 |
| **Health care – 14.6%** |  |  |
| **Biotechnology – 0.7%** | **Biotechnology – 0.7%** |  |
| ACADIA Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;55210 | &nbsp;&nbsp;&nbsp;1474659 |
| Ultragenyx Pharmaceutical, Inc. (A) | &nbsp;&nbsp;28721 | &nbsp;&nbsp;&nbsp;&nbsp;660583 |
|  |  | &nbsp;&nbsp;&nbsp;2135242 |
| **Health care equipment and supplies – 4.6%** | **Health care equipment and supplies – 4.6%** |  |
| Globus Medical, Inc., Class A (A) | &nbsp;&nbsp;34198 | &nbsp;&nbsp;&nbsp;2985827 |
| Integer Holdings Corp. (A) | &nbsp;&nbsp;56521 | &nbsp;&nbsp;&nbsp;4432942 |
| Merit Medical Systems, Inc. (A) | &nbsp;&nbsp;32114 | &nbsp;&nbsp;&nbsp;2830528 |
| Teleflex, Inc. | &nbsp;&nbsp;25916 | &nbsp;&nbsp;&nbsp;3162789 |
|  |  | 13412086 |
| **Health care providers and services – 4.5%** | **Health care providers and services – 4.5%** |  |
| BrightSpring Health Services, Inc. (A) | &nbsp;&nbsp;87539 | &nbsp;&nbsp;&nbsp;3278336 |
| Concentra Group Holdings Parent, Inc. | 178786 | &nbsp;&nbsp;&nbsp;3518508 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;12895 | &nbsp;&nbsp;&nbsp;2237798 |
| Option Care Health, Inc. (A) | 129283 | &nbsp;&nbsp;&nbsp;4118956 |
|  |  | 13153598 |
| **Life sciences tools and services – 2.2%** | **Life sciences tools and services – 2.2%** |  |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;12795 | &nbsp;&nbsp;&nbsp;3876757 |
| Revvity, Inc. | &nbsp;&nbsp;26260 | &nbsp;&nbsp;&nbsp;2540655 |
|  |  | &nbsp;&nbsp;&nbsp;6417412 |
| **Pharmaceuticals – 2.6%** | **Pharmaceuticals – 2.6%** |  |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;10465 | &nbsp;&nbsp;&nbsp;1911328 |
| Jazz Pharmaceuticals PLC (A) | &nbsp;&nbsp;11035 | &nbsp;&nbsp;&nbsp;1875950 |
| Prestige Consumer Healthcare, Inc. (A) | &nbsp;&nbsp;59991 | &nbsp;&nbsp;&nbsp;3700845 |
|  |  | &nbsp;&nbsp;&nbsp;7488123 |
|  |  | 42606461 |
| **Industrials – 20.3%** |  |  |
| **Aerospace and defense – 1.0%** | **Aerospace and defense – 1.0%** |  |
| Hexcel Corp. | &nbsp;&nbsp;41447 | &nbsp;&nbsp;&nbsp;3062933 |
| **Building products – 3.5%** | **Building products – 3.5%** |  |
| A.O. Smith Corp. | &nbsp;&nbsp;57813 | &nbsp;&nbsp;&nbsp;3866533 |
| Simpson Manufacturing Company, Inc. | &nbsp;&nbsp;20346 | &nbsp;&nbsp;&nbsp;3285269 |
| Trex Company, Inc. (A) | &nbsp;&nbsp;85737 | &nbsp;&nbsp;&nbsp;3007654 |
|  |  | 10159456 |
| **Construction and engineering – 3.5%** | **Construction and engineering – 3.5%** |  |
| Arcosa, Inc. | &nbsp;&nbsp;50746 | &nbsp;&nbsp;&nbsp;5395315 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Construction and engineering (continued)** | **Construction and engineering (continued)** |  |
| MasTec, Inc. (A) | &nbsp;&nbsp;22027 | $&nbsp;&nbsp;&nbsp;&nbsp;4788009 |
|  |  | &nbsp;&nbsp;&nbsp;10183324 |
| **Electrical equipment – 3.6%** | **Electrical equipment – 3.6%** |  |
| Generac Holdings, Inc. (A) | &nbsp;&nbsp;26343 | &nbsp;&nbsp;&nbsp;&nbsp;3592395 |
| Regal Rexnord Corp. | &nbsp;&nbsp;33155 | &nbsp;&nbsp;&nbsp;&nbsp;4652310 |
| Vicor Corp. (A) | &nbsp;&nbsp;20416 | &nbsp;&nbsp;&nbsp;&nbsp;2237594 |
|  |  | &nbsp;&nbsp;&nbsp;10482299 |
| **Ground transportation – 1.5%** | **Ground transportation – 1.5%** |  |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;82270 | &nbsp;&nbsp;&nbsp;&nbsp;4301076 |
| **Machinery – 6.2%** | **Machinery – 6.2%** |  |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;86343 | &nbsp;&nbsp;&nbsp;&nbsp;4482065 |
| Crane Company | &nbsp;&nbsp;24226 | &nbsp;&nbsp;&nbsp;&nbsp;4468001 |
| The Timken Company | &nbsp;&nbsp;69541 | &nbsp;&nbsp;&nbsp;&nbsp;5850484 |
| The Toro Company | &nbsp;&nbsp;41374 | &nbsp;&nbsp;&nbsp;&nbsp;3256961 |
|  |  | &nbsp;&nbsp;&nbsp;18057511 |
| **Professional services – 1.0%** | **Professional services – 1.0%** |  |
| Maximus, Inc. | &nbsp;&nbsp;35180 | &nbsp;&nbsp;&nbsp;&nbsp;3036738 |
|  |  | &nbsp;&nbsp;&nbsp;59283337 |
| **Information technology – 24.1%** |  |  |
| **Electronic equipment, instruments and components – 1.2%** | **Electronic equipment, instruments and components – 1.2%** |  |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;17154 | &nbsp;&nbsp;&nbsp;&nbsp;3591533 |
| **Semiconductors and semiconductor equipment – 8.5%** | **Semiconductors and semiconductor equipment – 8.5%** |  |
| Alpha & Omega Semiconductor, Ltd. (A) | &nbsp;&nbsp;85074 | &nbsp;&nbsp;&nbsp;&nbsp;1685316 |
| Ambarella, Inc. (A) | &nbsp;&nbsp;60807 | &nbsp;&nbsp;&nbsp;&nbsp;4307568 |
| Kulicke & Soffa Industries, Inc. | 121111 | &nbsp;&nbsp;&nbsp;&nbsp;5517817 |
| MACOM Technology Solutions Holdings, Inc. (A) | &nbsp;&nbsp;25472 | &nbsp;&nbsp;&nbsp;&nbsp;4362844 |
| MKS, Inc. | &nbsp;&nbsp;28957 | &nbsp;&nbsp;&nbsp;&nbsp;4627329 |
| Veeco Instruments, Inc. (A) | 147713 | &nbsp;&nbsp;&nbsp;&nbsp;4221638 |
|  |  | &nbsp;&nbsp;&nbsp;24722512 |
| **Software – 14.4%** | **Software – 14.4%** |  |
| Adeia, Inc. | 292256 | &nbsp;&nbsp;&nbsp;&nbsp;5041416 |
| Alkami Technology, Inc. (A) | 226497 | &nbsp;&nbsp;&nbsp;&nbsp;5225286 |
| Braze, Inc., Class A (A) | 163993 | &nbsp;&nbsp;&nbsp;&nbsp;5623320 |
| CommVault Systems, Inc. (A) | &nbsp;&nbsp;40570 | &nbsp;&nbsp;&nbsp;&nbsp;5085855 |
| Progress Software Corp. (A) | 112519 | &nbsp;&nbsp;&nbsp;&nbsp;4833816 |
| Q2 Holdings, Inc. (A) | &nbsp;&nbsp;73687 | &nbsp;&nbsp;&nbsp;&nbsp;5317254 |
| Tenable Holdings, Inc. (A) | 187000 | &nbsp;&nbsp;&nbsp;&nbsp;4400110 |
| Varonis Systems, Inc. (A) | &nbsp;&nbsp;97555 | &nbsp;&nbsp;&nbsp;&nbsp;3199804 |
| Xperi, Inc. (A) | 299544 | &nbsp;&nbsp;&nbsp;&nbsp;1755328 |
| Yext, Inc. (A) | 215914 | &nbsp;&nbsp;&nbsp;&nbsp;1740267 |
|  |  | &nbsp;&nbsp;&nbsp;42222456 |
|  |  | &nbsp;&nbsp;&nbsp;70536501 |
| **Materials – 1.5%** |  |  |
| **Chemicals – 1.5%** | **Chemicals – 1.5%** |  |
| Avient Corp. | 136582 | &nbsp;&nbsp;&nbsp;&nbsp;4266822 |
| **Real estate – 3.2%** |  |  |
| **Industrial REITs – 3.2%** | **Industrial REITs – 3.2%** |  |
| EastGroup Properties, Inc. | &nbsp;&nbsp;26371 | &nbsp;&nbsp;&nbsp;&nbsp;4697730 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;82314 | &nbsp;&nbsp;&nbsp;&nbsp;4714123 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9411853 |
| **Utilities – 1.0%** |  |  |
| **Multi-utilities – 1.0%** | **Multi-utilities – 1.0%** |  |
| Unitil Corp. | &nbsp;&nbsp;62919 | &nbsp;&nbsp;&nbsp;&nbsp;3047796 |
| TOTAL COMMON STOCKS (Cost $260,697,381) | TOTAL COMMON STOCKS (Cost $260,697,381) | $286021556 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 83 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Core Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 2.2%** | **SHORT-TERM INVESTMENTS – 2.2%** |  |
| **Short-term funds – 2.2%** |  |  |
| John Hancock Collateral Trust, 3.7477% (B)(C) | 654797 | $&nbsp;&nbsp;&nbsp;&nbsp;6550722 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $6,550,638) | TOTAL SHORT-TERM INVESTMENTS (Cost $6,550,638) | $&nbsp;&nbsp;&nbsp;&nbsp;6550722 |
| **Total Investments (Small Cap Core Trust)<br> (Cost $267,248,019) – 99.9%** | **Total Investments (Small Cap Core Trust)<br> (Cost $267,248,019) – 99.9%** | $**292572278** |
| **Other assets and liabilities, net – 0.1%** | **Other assets and liabilities, net – 0.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**203106** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**292775384** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (C) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. |

---

#### Small Cap Index Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 96.5%** | **COMMON STOCKS – 96.5%** |  |
| **Communication services – 2.7%** |  |  |
| **Diversified telecommunication services – 0.5%** | **Diversified telecommunication services – 0.5%** |  |
| Anterix, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2160 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47153 |
| ATN International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43662 |
| Bandwidth, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78687 |
| Cogent Communications Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195463 |
| Globalstar, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562667 |
| IDT Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153015 |
| Liberty Latin America, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40741 |
| Liberty Latin America, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175452 |
| Lumen Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361825 |
| Shenandoah Telecommunications Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111392 |
| Uniti Group, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216441 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2986498 |
| **Entertainment – 0.5%** | **Entertainment – 0.5%** |  |
| AMC Entertainment Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149571 |
| Atlanta Braves Holdings, Inc., Series A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92288 |
| Atlanta Braves Holdings, Inc., Series C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303173 |
| Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443210 |
| CuriosityStream, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29328 |
| Eventbrite, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65001 |
| IMAX Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295791 |
| Lionsgate Studios Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346529 |
| Madison Square Garden Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393289 |
| Playtika Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43391 |
| Reservoir Media, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32627 |
| Sphere Entertainment Company (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484433 |
| Starz Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28443 |
| The Marcus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67344 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2774418 |
| **Interactive media and services – 0.5%** | **Interactive media and services – 0.5%** |  |
| Angi, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88325 |
| Bumble, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49630 |
| CarGurus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580964 |
| Cars.com, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123135 |
| EverQuote, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146448 |
| FuboTV, Inc., Class A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153027 |
| Getty Images Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30836 |
| Grindr, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82012 |

---

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Interactive media and services (continued)** | **Interactive media and services (continued)** |  |
| MediaAlpha, Inc., Class A (A) | &nbsp;&nbsp;6378 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82595 |
| Nextdoor Holdings, Inc. (A) | 42325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88883 |
| QuinStreet, Inc. (A) | 10383 | &nbsp;&nbsp;&nbsp;&nbsp;149204 |
| Rumble, Inc. (A)(B) | 19896 | &nbsp;&nbsp;&nbsp;&nbsp;125743 |
| Shutterstock, Inc. | &nbsp;&nbsp;4637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88567 |
| TripAdvisor, Inc. (A) | 21047 | &nbsp;&nbsp;&nbsp;&nbsp;306444 |
| TrueCar, Inc. (A) | 16445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37166 |
| Webtoon Entertainment, Inc. (A)(B) | &nbsp;&nbsp;3532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46022 |
| Yelp, Inc. (A) | 11188 | &nbsp;&nbsp;&nbsp;&nbsp;340003 |
| Ziff Davis, Inc. (A) | &nbsp;&nbsp;7501 | &nbsp;&nbsp;&nbsp;&nbsp;263660 |
| ZipRecruiter, Inc., Class A (A) | 12237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47724 |
|  |  | &nbsp;&nbsp;&nbsp;2830388 |
| **Media – 1.0%** | **Media – 1.0%** |  |
| AMC Networks, Inc., Class A (A)(B) | &nbsp;&nbsp;5471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52084 |
| Boston Omaha Corp., Class A (A)(B) | &nbsp;&nbsp;4372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54082 |
| Cable One, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;963 | &nbsp;&nbsp;&nbsp;&nbsp;108675 |
| EchoStar Corp., Class A (A) | 24914 | &nbsp;&nbsp;&nbsp;2708152 |
| Entravision Communications Corp., Class A | 12665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37108 |
| Gambling.com Group, Ltd. (A)(B) | &nbsp;&nbsp;4490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24515 |
| Gray Media, Inc. | 16141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78122 |
| Ibotta, Inc., Class A (A)(B) | &nbsp;&nbsp;2632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59825 |
| iHeartMedia, Inc., Class A (A) | 22568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93883 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;7481 | &nbsp;&nbsp;&nbsp;&nbsp;229143 |
| Magnite, Inc. (A) | 25747 | &nbsp;&nbsp;&nbsp;&nbsp;417874 |
| National CineMedia, Inc. (B) | 13143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51126 |
| Newsmax, Inc. (A)(B) | &nbsp;&nbsp;8893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68743 |
| Nexxen International, Ltd. (A) | &nbsp;&nbsp;6473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42333 |
| Optimum Communications, Inc., Class A (A)(B) | 49442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81579 |
| PubMatic, Inc., Class A (A) | &nbsp;&nbsp;7276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64538 |
| Scholastic Corp. | &nbsp;&nbsp;3751 | &nbsp;&nbsp;&nbsp;&nbsp;111142 |
| Sinclair, Inc. (B) | &nbsp;&nbsp;7235 | &nbsp;&nbsp;&nbsp;&nbsp;110696 |
| Stagwell, Inc. (A)(B) | 21119 | &nbsp;&nbsp;&nbsp;&nbsp;103272 |
| TechTarget, Inc. (A) | &nbsp;&nbsp;6041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32621 |
| TEGNA, Inc. | 29191 | &nbsp;&nbsp;&nbsp;&nbsp;566597 |
| The EW Scripps Company, Class A (A) | 11816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47146 |
| Thryv Holdings, Inc. (A) | &nbsp;&nbsp;7247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43844 |
| USA TODAY Company, Inc. (A)(B) | 26083 | &nbsp;&nbsp;&nbsp;&nbsp;134327 |
|  |  | &nbsp;&nbsp;&nbsp;5321427 |
| **Wireless telecommunication services – 0.2%** | **Wireless telecommunication services – 0.2%** |  |
| Gogo, Inc. (A) | 14767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68814 |
| Spok Holdings, Inc. | &nbsp;&nbsp;4405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58102 |
| Telephone & Data Systems, Inc. | 18264 | &nbsp;&nbsp;&nbsp;&nbsp;748824 |
| Tingo Group, Inc. (A) | 23160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;875786 |
|  |  | 14788517 |
| **Consumer discretionary – 8.6%** |  |  |
| **Automobile components – 1.0%** | **Automobile components – 1.0%** |  |
| Adient PLC (A) | 15058 | &nbsp;&nbsp;&nbsp;&nbsp;288662 |
| American Axle & Manufacturing Holdings, Inc. (A)(B) | 20659 | &nbsp;&nbsp;&nbsp;&nbsp;132424 |
| Cooper-Standard Holdings, Inc. (A) | &nbsp;&nbsp;3122 | &nbsp;&nbsp;&nbsp;&nbsp;102495 |
| Dana, Inc. | 21608 | &nbsp;&nbsp;&nbsp;&nbsp;513406 |
| Dorman Products, Inc. (A) | &nbsp;&nbsp;5081 | &nbsp;&nbsp;&nbsp;&nbsp;625928 |
| Fox Factory Holding Corp. (A) | &nbsp;&nbsp;7859 | &nbsp;&nbsp;&nbsp;&nbsp;134467 |
| Garrett Motion, Inc. | 29170 | &nbsp;&nbsp;&nbsp;&nbsp;508433 |
| Gentherm, Inc. (A) | &nbsp;&nbsp;5650 | &nbsp;&nbsp;&nbsp;&nbsp;205491 |
| Holley, Inc. (A) | 14546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60075 |
| LCI Industries | &nbsp;&nbsp;4330 | &nbsp;&nbsp;&nbsp;&nbsp;525402 |
| Motorcar Parts of America, Inc. (A) | &nbsp;&nbsp;2581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31850 |
| Patrick Industries, Inc. (B) | &nbsp;&nbsp;5973 | &nbsp;&nbsp;&nbsp;&nbsp;647652 |
| PHINIA, Inc. | &nbsp;&nbsp;6966 | &nbsp;&nbsp;&nbsp;&nbsp;436699 |
| Solid Power, Inc. (A) | 28404 | &nbsp;&nbsp;&nbsp;&nbsp;120717 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 84 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobile components (continued)** | **Automobile components (continued)** |  |
| Standard Motor Products, Inc. | &nbsp;&nbsp;3843 | $&nbsp;&nbsp;&nbsp;&nbsp;141615 |
| Strattec Security Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;57486 |
| The Goodyear Tire & Rubber Company (A) | 50717 | &nbsp;&nbsp;&nbsp;&nbsp;444281 |
| Visteon Corp. | &nbsp;&nbsp;5027 | &nbsp;&nbsp;&nbsp;&nbsp;478068 |
| XPEL, Inc. (A) | &nbsp;&nbsp;4690 | &nbsp;&nbsp;&nbsp;&nbsp;234078 |
|  |  | 5689229 |
| **Automobiles – 0.1%** | **Automobiles – 0.1%** |  |
| Faraday Future Intelligent Electric, Inc. (A)(B) | 26647 | &nbsp;&nbsp;&nbsp;&nbsp;27180 |
| Livewire Group, Inc. (A) | &nbsp;&nbsp;7015 | &nbsp;&nbsp;&nbsp;&nbsp;31006 |
| Winnebago Industries, Inc. | &nbsp;&nbsp;4997 | &nbsp;&nbsp;&nbsp;&nbsp;202478 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;260664 |
| **Broadline retail – 0.1%** | **Broadline retail – 0.1%** |  |
| Groupon, Inc. (A)(B) | &nbsp;&nbsp;4704 | &nbsp;&nbsp;&nbsp;&nbsp;82837 |
| Kohl's Corp. | 20018 | &nbsp;&nbsp;&nbsp;&nbsp;408567 |
| Savers Value Village, Inc. (A) | &nbsp;&nbsp;7336 | &nbsp;&nbsp;&nbsp;&nbsp;68518 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;559922 |
| **Distributors – 0.1%** | **Distributors – 0.1%** |  |
| GigaCloud Technology, Inc., Class A (A) | &nbsp;&nbsp;4505 | &nbsp;&nbsp;&nbsp;&nbsp;176956 |
| Gold.com, Inc. | &nbsp;&nbsp;3506 | &nbsp;&nbsp;&nbsp;&nbsp;119379 |
| Weyco Group, Inc. | &nbsp;&nbsp;1107 | &nbsp;&nbsp;&nbsp;&nbsp;33863 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;330198 |
| **Diversified consumer services – 1.1%** | **Diversified consumer services – 1.1%** |  |
| Adtalem Global Education, Inc. (A) | &nbsp;&nbsp;6599 | &nbsp;&nbsp;&nbsp;&nbsp;682799 |
| American Public Education, Inc. (A) | &nbsp;&nbsp;3113 | &nbsp;&nbsp;&nbsp;&nbsp;117671 |
| Carriage Services, Inc. | &nbsp;&nbsp;2493 | &nbsp;&nbsp;&nbsp;&nbsp;105454 |
| Coursera, Inc. (A) | 26367 | &nbsp;&nbsp;&nbsp;&nbsp;194061 |
| Driven Brands Holdings, Inc. (A)(B) | 11125 | &nbsp;&nbsp;&nbsp;&nbsp;164873 |
| European Wax Center, Inc., Class A (A) | &nbsp;&nbsp;5756 | &nbsp;&nbsp;&nbsp;&nbsp;20722 |
| frontdoor, Inc. (A) | 13474 | &nbsp;&nbsp;&nbsp;&nbsp;777315 |
| Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;642681 |
| KinderCare Learning Cos, Inc. (A) | &nbsp;&nbsp;6288 | &nbsp;&nbsp;&nbsp;&nbsp;27164 |
| Laureate Education, Inc. (A) | 23290 | &nbsp;&nbsp;&nbsp;&nbsp;784174 |
| Lincoln Educational Services Corp. (A) | &nbsp;&nbsp;5372 | &nbsp;&nbsp;&nbsp;&nbsp;129734 |
| Matthews International Corp., Class A | &nbsp;&nbsp;5491 | &nbsp;&nbsp;&nbsp;&nbsp;143425 |
| McGraw Hill, Inc. (A) | &nbsp;&nbsp;5443 | &nbsp;&nbsp;&nbsp;&nbsp;89810 |
| Mister Car Wash, Inc. (A)(B) | 19056 | &nbsp;&nbsp;&nbsp;&nbsp;105951 |
| OneSpaWorld Holdings, Ltd. | 18494 | &nbsp;&nbsp;&nbsp;&nbsp;383566 |
| Perdoceo Education Corp. | 11986 | &nbsp;&nbsp;&nbsp;&nbsp;351549 |
| Phoenix Education Partners, Inc. (A) | &nbsp;&nbsp;1026 | &nbsp;&nbsp;&nbsp;&nbsp;31088 |
| Strategic Education, Inc. | &nbsp;&nbsp;4272 | &nbsp;&nbsp;&nbsp;&nbsp;342614 |
| Stride, Inc. (A) | &nbsp;&nbsp;7870 | &nbsp;&nbsp;&nbsp;&nbsp;510999 |
| Udemy, Inc. (A) | 17478 | &nbsp;&nbsp;&nbsp;&nbsp;102246 |
| Universal Technical Institute, Inc. (A) | &nbsp;&nbsp;8528 | &nbsp;&nbsp;&nbsp;&nbsp;222837 |
|  |  | 5930733 |
| **Hotels, restaurants and leisure – 1.6%** | **Hotels, restaurants and leisure – 1.6%** |  |
| Accel Entertainment, Inc. (A) | 10045 | &nbsp;&nbsp;&nbsp;&nbsp;114613 |
| Bally's Corp. (A) | &nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;&nbsp;30777 |
| Biglari Holdings, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;43216 |
| BJ's Restaurants, Inc. (A) | &nbsp;&nbsp;3624 | &nbsp;&nbsp;&nbsp;&nbsp;142786 |
| Black Rock Coffee Bar, Inc., Class A (A) | &nbsp;&nbsp;3065 | &nbsp;&nbsp;&nbsp;&nbsp;68196 |
| Bloomin' Brands, Inc. | 15608 | &nbsp;&nbsp;&nbsp;&nbsp;96301 |
| Brightstar Lottery PLC | 19096 | &nbsp;&nbsp;&nbsp;&nbsp;295606 |
| Brinker International, Inc. (A) | &nbsp;&nbsp;8124 | 1165956 |
| Cracker Barrel Old Country Store, Inc. | &nbsp;&nbsp;4095 | &nbsp;&nbsp;&nbsp;&nbsp;104013 |
| Dave & Buster's Entertainment, Inc. (A) | &nbsp;&nbsp;5055 | &nbsp;&nbsp;&nbsp;&nbsp;81942 |
| Denny's Corp. (A)(B) | &nbsp;&nbsp;9513 | &nbsp;&nbsp;&nbsp;&nbsp;59171 |
| Dine Brands Global, Inc. (B) | &nbsp;&nbsp;2661 | &nbsp;&nbsp;&nbsp;&nbsp;85525 |
| El Pollo Loco Holdings, Inc. (A) | &nbsp;&nbsp;5235 | &nbsp;&nbsp;&nbsp;&nbsp;54758 |
| First Watch Restaurant Group, Inc. (A) | 10191 | &nbsp;&nbsp;&nbsp;&nbsp;153680 |
| Genius Sports, Ltd. (A) | 40232 | &nbsp;&nbsp;&nbsp;&nbsp;443357 |
| Global Business Travel Group I (A)(B) | 24494 | &nbsp;&nbsp;&nbsp;&nbsp;187379 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Golden Entertainment, Inc. | &nbsp;&nbsp;3514 | $&nbsp;&nbsp;&nbsp;&nbsp;95546 |
| Hilton Grand Vacations, Inc. (A) | 11154 | &nbsp;&nbsp;&nbsp;&nbsp;499142 |
| Inspired Entertainment, Inc. (A) | &nbsp;&nbsp;4606 | &nbsp;&nbsp;&nbsp;&nbsp;43112 |
| Jack in the Box, Inc. (B) | &nbsp;&nbsp;3285 | &nbsp;&nbsp;&nbsp;&nbsp;62251 |
| Krispy Kreme, Inc. | 14527 | &nbsp;&nbsp;&nbsp;&nbsp;58399 |
| Kura Sushi USA, Inc., Class A (A) | &nbsp;&nbsp;1175 | &nbsp;&nbsp;&nbsp;&nbsp;61488 |
| Life Time Group Holdings, Inc. (A) | 27684 | &nbsp;&nbsp;&nbsp;&nbsp;735841 |
| Lindblad Expeditions Holdings, Inc. (A) | &nbsp;&nbsp;6892 | &nbsp;&nbsp;&nbsp;&nbsp;99383 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;5076 | &nbsp;&nbsp;&nbsp;&nbsp;292834 |
| Monarch Casino & Resort, Inc. | &nbsp;&nbsp;2321 | &nbsp;&nbsp;&nbsp;&nbsp;222120 |
| Nathan's Famous, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;52867 |
| Navan, Inc., Class A (A) | &nbsp;&nbsp;7014 | &nbsp;&nbsp;&nbsp;&nbsp;119799 |
| Papa John's International, Inc. (B) | &nbsp;&nbsp;5990 | &nbsp;&nbsp;&nbsp;&nbsp;230555 |
| Portillo's, Inc., Class A (A)(B) | 12433 | &nbsp;&nbsp;&nbsp;&nbsp;56446 |
| Pursuit Attractions and Hospitality, Inc. (A) | &nbsp;&nbsp;3964 | &nbsp;&nbsp;&nbsp;&nbsp;133508 |
| RCI Hospitality Holdings, Inc. (B) | &nbsp;&nbsp;1662 | &nbsp;&nbsp;&nbsp;&nbsp;39622 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;8951 | &nbsp;&nbsp;&nbsp;&nbsp;554514 |
| Rush Street Interactive, Inc. (A) | 16894 | &nbsp;&nbsp;&nbsp;&nbsp;328250 |
| Sabre Corp. (A)(B) | 69213 | &nbsp;&nbsp;&nbsp;&nbsp;94130 |
| Serve Robotics, Inc. (A) | 11520 | &nbsp;&nbsp;&nbsp;&nbsp;119578 |
| Shake Shack, Inc., Class A (A) | &nbsp;&nbsp;7136 | &nbsp;&nbsp;&nbsp;&nbsp;579229 |
| Six Flags Entertainment Corp. (A)(B) | 17682 | &nbsp;&nbsp;&nbsp;&nbsp;271242 |
| Super Group SGHC, Ltd. | 29331 | &nbsp;&nbsp;&nbsp;&nbsp;350505 |
| Sweetgreen, Inc., Class A (A)(B) | 19195 | &nbsp;&nbsp;&nbsp;&nbsp;129758 |
| Target Hospitality Corp. (A) | &nbsp;&nbsp;6249 | &nbsp;&nbsp;&nbsp;&nbsp;50054 |
| The Cheesecake Factory, Inc. (B) | &nbsp;&nbsp;8419 | &nbsp;&nbsp;&nbsp;&nbsp;424991 |
| United Parks & Resorts, Inc. (A)(B) | &nbsp;&nbsp;4997 | &nbsp;&nbsp;&nbsp;&nbsp;181391 |
| Xponential Fitness, Inc., Class A (A)(B) | &nbsp;&nbsp;5274 | &nbsp;&nbsp;&nbsp;&nbsp;43405 |
|  |  | 9057236 |
| **Household durables – 1.6%** | **Household durables – 1.6%** |  |
| Beazer Homes USA, Inc. (A) | &nbsp;&nbsp;5036 | &nbsp;&nbsp;&nbsp;&nbsp;102080 |
| Cavco Industries, Inc. (A) | &nbsp;&nbsp;1431 | &nbsp;&nbsp;&nbsp;&nbsp;845349 |
| Century Communities, Inc. | &nbsp;&nbsp;4840 | &nbsp;&nbsp;&nbsp;&nbsp;287254 |
| Champion Homes, Inc. (A) | 10410 | &nbsp;&nbsp;&nbsp;&nbsp;879645 |
| Cricut, Inc., Class A (B) | &nbsp;&nbsp;9510 | &nbsp;&nbsp;&nbsp;&nbsp;47075 |
| Dream Finders Homes, Inc., Class A (A)(B) | &nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;95076 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;4567 | &nbsp;&nbsp;&nbsp;&nbsp;104310 |
| Flexsteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;29618 |
| Green Brick Partners, Inc. (A) | &nbsp;&nbsp;5854 | &nbsp;&nbsp;&nbsp;&nbsp;366812 |
| Hamilton Beach Brands Holding Company, Class B | &nbsp;&nbsp;1197 | &nbsp;&nbsp;&nbsp;&nbsp;19691 |
| Helen of Troy, Ltd. (A) | &nbsp;&nbsp;4383 | &nbsp;&nbsp;&nbsp;&nbsp;93139 |
| Hovnanian Enterprises, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;911 | &nbsp;&nbsp;&nbsp;&nbsp;88859 |
| Installed Building Products, Inc. (B) | &nbsp;&nbsp;4261 | 1105261 |
| KB Home | 11534 | &nbsp;&nbsp;&nbsp;&nbsp;650633 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;7750 | &nbsp;&nbsp;&nbsp;&nbsp;288843 |
| Legacy Housing Corp. (A) | &nbsp;&nbsp;1914 | &nbsp;&nbsp;&nbsp;&nbsp;37361 |
| Leggett & Platt, Inc. | 24642 | &nbsp;&nbsp;&nbsp;&nbsp;271062 |
| LGI Homes, Inc. (A) | &nbsp;&nbsp;3841 | &nbsp;&nbsp;&nbsp;&nbsp;165009 |
| M/I Homes, Inc. (A) | &nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;614160 |
| Meritage Homes Corp. | 12742 | &nbsp;&nbsp;&nbsp;&nbsp;838424 |
| Sonos, Inc. (A) | 22143 | &nbsp;&nbsp;&nbsp;&nbsp;388831 |
| Taylor Morrison Home Corp. (A) | 17543 | 1032756 |
| The Lovesac Company (A)(B) | &nbsp;&nbsp;2664 | &nbsp;&nbsp;&nbsp;&nbsp;39294 |
| Tri Pointe Homes, Inc. (A) | 15642 | &nbsp;&nbsp;&nbsp;&nbsp;492254 |
|  |  | 8882796 |
| **Leisure products – 0.4%** | **Leisure products – 0.4%** |  |
| Acushnet Holdings Corp. | &nbsp;&nbsp;5114 | &nbsp;&nbsp;&nbsp;&nbsp;408199 |
| Escalade, Inc. | &nbsp;&nbsp;1960 | &nbsp;&nbsp;&nbsp;&nbsp;26440 |
| Funko, Inc., Class A (A)(B) | &nbsp;&nbsp;9018 | &nbsp;&nbsp;&nbsp;&nbsp;30661 |
| JAKKS Pacific, Inc. | &nbsp;&nbsp;1780 | &nbsp;&nbsp;&nbsp;&nbsp;30046 |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp;1220 | &nbsp;&nbsp;&nbsp;&nbsp;51789 |
| Latham Group, Inc. (A) | &nbsp;&nbsp;8648 | &nbsp;&nbsp;&nbsp;&nbsp;54915 |
| Malibu Boats, Inc., Class A (A) | &nbsp;&nbsp;3516 | &nbsp;&nbsp;&nbsp;&nbsp;99186 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 85 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Leisure products (continued)** | **Leisure products (continued)** |  |
| MasterCraft Boat Holdings, Inc. (A) | &nbsp;&nbsp;3223 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60947 |
| Peloton Interactive, Inc., Class A (A) | 72975 | &nbsp;&nbsp;&nbsp;&nbsp;449526 |
| Polaris, Inc. | &nbsp;&nbsp;9816 | &nbsp;&nbsp;&nbsp;&nbsp;620862 |
| Smith & Wesson Brands, Inc. | &nbsp;&nbsp;8217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81102 |
| Sturm Ruger & Company, Inc. | &nbsp;&nbsp;2661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86882 |
| Topgolf Callaway Brands Corp. (A) | 24373 | &nbsp;&nbsp;&nbsp;&nbsp;284433 |
|  |  | &nbsp;&nbsp;&nbsp;2284988 |
| **Specialty retail – 2.1%** | **Specialty retail – 2.1%** |  |
| 1-800-Flowers.com, Inc., Class A (A) | &nbsp;&nbsp;5483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21548 |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;8566 | &nbsp;&nbsp;&nbsp;1078202 |
| Academy Sports & Outdoors, Inc. | 12220 | &nbsp;&nbsp;&nbsp;&nbsp;610511 |
| Advance Auto Parts, Inc. (B) | 11055 | &nbsp;&nbsp;&nbsp;&nbsp;434462 |
| American Eagle Outfitters, Inc. | 29309 | &nbsp;&nbsp;&nbsp;&nbsp;772878 |
| America's Car-Mart, Inc. (A)(B) | &nbsp;&nbsp;1454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36728 |
| Arhaus, Inc. (A) | &nbsp;&nbsp;9520 | &nbsp;&nbsp;&nbsp;&nbsp;106719 |
| Arko Corp. (B) | 14759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67006 |
| Asbury Automotive Group, Inc. (A) | &nbsp;&nbsp;3568 | &nbsp;&nbsp;&nbsp;&nbsp;829667 |
| Barnes & Noble Education, Inc. (A)(B) | &nbsp;&nbsp;3150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28949 |
| Bed Bath & Beyond, Inc. (A)(B) | 12815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69970 |
| Boot Barn Holdings, Inc. (A) | &nbsp;&nbsp;5654 | &nbsp;&nbsp;&nbsp;&nbsp;997761 |
| Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;2262 | &nbsp;&nbsp;&nbsp;&nbsp;138593 |
| Caleres, Inc. | &nbsp;&nbsp;6250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76063 |
| Camping World Holdings, Inc., Class A | 11352 | &nbsp;&nbsp;&nbsp;&nbsp;110455 |
| Citi Trends, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38942 |
| Designer Brands, Inc., Class A | &nbsp;&nbsp;6347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47158 |
| EVgo, Inc. (A) | 23999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69837 |
| Genesco, Inc. (A) | &nbsp;&nbsp;1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48302 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;2256 | &nbsp;&nbsp;&nbsp;&nbsp;887285 |
| Haverty Furniture Companies, Inc. | &nbsp;&nbsp;2663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62208 |
| Lands' End, Inc. (A)(B) | &nbsp;&nbsp;1916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27820 |
| MarineMax, Inc. (A)(B) | &nbsp;&nbsp;3630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87955 |
| Monro, Inc. (B) | &nbsp;&nbsp;5388 | &nbsp;&nbsp;&nbsp;&nbsp;107976 |
| National Vision Holdings, Inc. (A) | 14342 | &nbsp;&nbsp;&nbsp;&nbsp;370310 |
| OneWater Marine, Inc., Class A (A)(B) | &nbsp;&nbsp;2523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27299 |
| Petco Health & Wellness Company, Inc. (A) | 15133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42524 |
| Revolve Group, Inc. (A) | &nbsp;&nbsp;7473 | &nbsp;&nbsp;&nbsp;&nbsp;225610 |
| Sally Beauty Holdings, Inc. (A) | 18304 | &nbsp;&nbsp;&nbsp;&nbsp;261015 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;3532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59620 |
| Signet Jewelers, Ltd. (B) | &nbsp;&nbsp;7369 | &nbsp;&nbsp;&nbsp;&nbsp;610743 |
| Sleep Number Corp. (A)(B) | &nbsp;&nbsp;3580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30287 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;2745 | &nbsp;&nbsp;&nbsp;&nbsp;169806 |
| Stitch Fix, Inc., Class A (A) | 20803 | &nbsp;&nbsp;&nbsp;&nbsp;109216 |
| The Buckle, Inc. | &nbsp;&nbsp;5817 | &nbsp;&nbsp;&nbsp;&nbsp;310744 |
| The RealReal, Inc. (A) | 18501 | &nbsp;&nbsp;&nbsp;&nbsp;291946 |
| ThredUp, Inc., Class A (A) | 18235 | &nbsp;&nbsp;&nbsp;&nbsp;116522 |
| Upbound Group, Inc. | &nbsp;&nbsp;9921 | &nbsp;&nbsp;&nbsp;&nbsp;174213 |
| Urban Outfitters, Inc. (A) | 11245 | &nbsp;&nbsp;&nbsp;&nbsp;846299 |
| Victoria's Secret & Company (A) | 12732 | &nbsp;&nbsp;&nbsp;&nbsp;689692 |
| Warby Parker, Inc., Class A (A) | 18133 | &nbsp;&nbsp;&nbsp;&nbsp;395118 |
| Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;&nbsp;223932 |
| Zumiez, Inc. (A) | &nbsp;&nbsp;2484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64708 |
|  |  | 11776599 |
| **Textiles, apparel and luxury goods – 0.5%** | **Textiles, apparel and luxury goods – 0.5%** |  |
| Capri Holdings, Ltd. (A) | 21433 | &nbsp;&nbsp;&nbsp;&nbsp;522965 |
| Carter's, Inc. | &nbsp;&nbsp;6511 | &nbsp;&nbsp;&nbsp;&nbsp;211152 |
| Ermenegildo Zegna NV | 11894 | &nbsp;&nbsp;&nbsp;&nbsp;121914 |
| Figs, Inc., Class A (A) | 16254 | &nbsp;&nbsp;&nbsp;&nbsp;184645 |
| G-III Apparel Group, Ltd. | &nbsp;&nbsp;6729 | &nbsp;&nbsp;&nbsp;&nbsp;194872 |
| Kontoor Brands, Inc. | 10154 | &nbsp;&nbsp;&nbsp;&nbsp;620308 |
| Movado Group, Inc. | &nbsp;&nbsp;2956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60953 |
| Oxford Industries, Inc. (B) | &nbsp;&nbsp;2679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91622 |
| Rocky Brands, Inc. | &nbsp;&nbsp;1390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40769 |
| Steven Madden, Ltd. | 13214 | &nbsp;&nbsp;&nbsp;&nbsp;550231 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Textiles, apparel and luxury goods (continued)** | **Textiles, apparel and luxury goods (continued)** |  |
| Superior Group of Companies, Inc. | &nbsp;&nbsp;2714 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26272 |
| Wolverine World Wide, Inc. | 14855 | &nbsp;&nbsp;&nbsp;&nbsp;269618 |
|  |  | &nbsp;&nbsp;&nbsp;2895321 |
|  |  | 47667686 |
| **Consumer staples – 1.8%** |  |  |
| **Beverages – 0.1%** | **Beverages – 0.1%** |  |
| MGP Ingredients, Inc. | &nbsp;&nbsp;2632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63958 |
| National Beverage Corp. (A) | &nbsp;&nbsp;4672 | &nbsp;&nbsp;&nbsp;&nbsp;148990 |
| The Vita Coco Company, Inc. (A) | &nbsp;&nbsp;8758 | &nbsp;&nbsp;&nbsp;&nbsp;464262 |
| Zevia PBC, Class A (A) | 10761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24966 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;702176 |
| **Consumer staples distribution and retail – 0.4%** | **Consumer staples distribution and retail – 0.4%** |  |
| Grocery Outlet Holding Corp. (A)(B) | 17252 | &nbsp;&nbsp;&nbsp;&nbsp;174245 |
| Ingles Markets, Inc., Class A | &nbsp;&nbsp;2677 | &nbsp;&nbsp;&nbsp;&nbsp;183508 |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;2445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61247 |
| PriceSmart, Inc. | &nbsp;&nbsp;4730 | &nbsp;&nbsp;&nbsp;&nbsp;580229 |
| The Andersons, Inc. | &nbsp;&nbsp;6034 | &nbsp;&nbsp;&nbsp;&nbsp;320828 |
| The Chefs' Warehouse, Inc. (A) | &nbsp;&nbsp;6721 | &nbsp;&nbsp;&nbsp;&nbsp;418920 |
| United Natural Foods, Inc. (A) | 11020 | &nbsp;&nbsp;&nbsp;&nbsp;371043 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;1798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63640 |
| Weis Markets, Inc. (B) | &nbsp;&nbsp;2603 | &nbsp;&nbsp;&nbsp;&nbsp;166826 |
|  |  | &nbsp;&nbsp;&nbsp;2340486 |
| **Food products – 0.7%** | **Food products – 0.7%** |  |
| Alico, Inc. | &nbsp;&nbsp;1153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41946 |
| B&G Foods, Inc. (B) | 14269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61357 |
| Beyond Meat, Inc. (A)(B) | 71041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58254 |
| BRC, Inc., Class A (A)(B) | 19687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21853 |
| Calavo Growers, Inc. | &nbsp;&nbsp;3119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67838 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;8087 | &nbsp;&nbsp;&nbsp;&nbsp;643483 |
| Dole PLC | 15083 | &nbsp;&nbsp;&nbsp;&nbsp;226094 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;5951 | &nbsp;&nbsp;&nbsp;&nbsp;212034 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;2863 | &nbsp;&nbsp;&nbsp;&nbsp;258729 |
| John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;1389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98063 |
| Lifeway Foods, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23915 |
| Limoneira Company | &nbsp;&nbsp;3651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46094 |
| Mama's Creations, Inc. (A) | &nbsp;&nbsp;6928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93459 |
| Mission Produce, Inc. (A) | &nbsp;&nbsp;8074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93658 |
| Seneca Foods Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90163 |
| SunOpta, Inc. (A) | 18191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69126 |
| The Hain Celestial Group, Inc. (A)(B) | 18444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19735 |
| The Marzetti Company | &nbsp;&nbsp;3678 | &nbsp;&nbsp;&nbsp;&nbsp;604737 |
| The Simply Good Foods Company (A) | 17062 | &nbsp;&nbsp;&nbsp;&nbsp;342605 |
| Tootsie Roll Industries, Inc. (B) | &nbsp;&nbsp;3418 | &nbsp;&nbsp;&nbsp;&nbsp;125201 |
| TreeHouse Foods, Inc. (A) | &nbsp;&nbsp;9188 | &nbsp;&nbsp;&nbsp;&nbsp;216745 |
| Utz Brands, Inc. | 13475 | &nbsp;&nbsp;&nbsp;&nbsp;139871 |
| Vital Farms, Inc. (A)(B) | &nbsp;&nbsp;6320 | &nbsp;&nbsp;&nbsp;&nbsp;201861 |
| Westrock Coffee Company (A)(B) | &nbsp;&nbsp;7658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31168 |
|  |  | &nbsp;&nbsp;&nbsp;3787989 |
| **Household products – 0.3%** | **Household products – 0.3%** |  |
| Central Garden & Pet Company (A) | &nbsp;&nbsp;1953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62789 |
| Central Garden & Pet Company, Class A (A) | &nbsp;&nbsp;8944 | &nbsp;&nbsp;&nbsp;&nbsp;261075 |
| Energizer Holdings, Inc. | 11552 | &nbsp;&nbsp;&nbsp;&nbsp;229769 |
| Oil-Dri Corp. of America | &nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92448 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;4325 | &nbsp;&nbsp;&nbsp;&nbsp;255521 |
| WD-40 Company | &nbsp;&nbsp;2510 | &nbsp;&nbsp;&nbsp;&nbsp;494219 |
|  |  | &nbsp;&nbsp;&nbsp;1395821 |
| **Personal care products – 0.2%** | **Personal care products – 0.2%** |  |
| Edgewell Personal Care Company (B) | &nbsp;&nbsp;8440 | &nbsp;&nbsp;&nbsp;&nbsp;143902 |
| Herbalife, Ltd. (A) | 18800 | &nbsp;&nbsp;&nbsp;&nbsp;242332 |
| Interparfums, Inc. | &nbsp;&nbsp;3403 | &nbsp;&nbsp;&nbsp;&nbsp;288676 |
| Medifast, Inc. (A)(B) | &nbsp;&nbsp;2307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24639 |
| Nature's Sunshine Products, Inc. (A) | &nbsp;&nbsp;3160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68193 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 86 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Personal care products (continued)** | **Personal care products (continued)** |  |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;8951 | $&nbsp;&nbsp;&nbsp;&nbsp;86109 |
| Olaplex Holdings, Inc. (A) | &nbsp;&nbsp;28229 | &nbsp;&nbsp;&nbsp;&nbsp;37827 |
| The Beauty Health Company (A)(B) | &nbsp;&nbsp;22666 | &nbsp;&nbsp;&nbsp;&nbsp;31506 |
| The Honest Company, Inc. (A)(B) | &nbsp;&nbsp;17569 | &nbsp;&nbsp;&nbsp;&nbsp;45328 |
| USANA Health Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;2209 | &nbsp;&nbsp;&nbsp;&nbsp;43363 |
|  |  | 1011875 |
| **Tobacco – 0.1%** | **Tobacco – 0.1%** |  |
| Turning Point Brands, Inc. | &nbsp;&nbsp;&nbsp;3181 | &nbsp;&nbsp;&nbsp;&nbsp;344820 |
| Universal Corp. | &nbsp;&nbsp;&nbsp;4367 | &nbsp;&nbsp;&nbsp;&nbsp;230359 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;575179 |
|  |  | 9813526 |
| **Energy – 4.6%** |  |  |
| **Energy equipment and services – 1.7%** | **Energy equipment and services – 1.7%** |  |
| Archrock, Inc. | &nbsp;&nbsp;31672 | &nbsp;&nbsp;&nbsp;&nbsp;824105 |
| Atlas Energy Solutions, Inc. (B) | &nbsp;&nbsp;14618 | &nbsp;&nbsp;&nbsp;&nbsp;137702 |
| Borr Drilling, Ltd. (A)(B) | &nbsp;&nbsp;49173 | &nbsp;&nbsp;&nbsp;&nbsp;198167 |
| Bristow Group, Inc. (A) | &nbsp;&nbsp;&nbsp;5178 | &nbsp;&nbsp;&nbsp;&nbsp;189618 |
| Cactus, Inc., Class A | &nbsp;&nbsp;12606 | &nbsp;&nbsp;&nbsp;&nbsp;575842 |
| Core Laboratories, Inc. (B) | &nbsp;&nbsp;&nbsp;8605 | &nbsp;&nbsp;&nbsp;&nbsp;137938 |
| DMC Global, Inc. (A) | &nbsp;&nbsp;&nbsp;4045 | &nbsp;&nbsp;&nbsp;&nbsp;27061 |
| Expro Group Holdings NV (A) | &nbsp;&nbsp;16507 | &nbsp;&nbsp;&nbsp;&nbsp;220368 |
| Flowco Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;3901 | &nbsp;&nbsp;&nbsp;&nbsp;73105 |
| Forum Energy Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;1968 | &nbsp;&nbsp;&nbsp;&nbsp;72718 |
| Helix Energy Solutions Group, Inc. (A) | &nbsp;&nbsp;25914 | &nbsp;&nbsp;&nbsp;&nbsp;162481 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;17733 | &nbsp;&nbsp;&nbsp;&nbsp;508582 |
| Innovex International, Inc. (A) | &nbsp;&nbsp;&nbsp;7157 | &nbsp;&nbsp;&nbsp;&nbsp;156524 |
| Kodiak Gas Services, Inc. | &nbsp;&nbsp;15493 | &nbsp;&nbsp;&nbsp;&nbsp;579438 |
| Liberty Energy, Inc. | &nbsp;&nbsp;28987 | &nbsp;&nbsp;&nbsp;&nbsp;535100 |
| Nabors Industries, Ltd. (A)(B) | &nbsp;&nbsp;&nbsp;2603 | &nbsp;&nbsp;&nbsp;&nbsp;141343 |
| National Energy Services Reunited Corp. (A) | &nbsp;&nbsp;11170 | &nbsp;&nbsp;&nbsp;&nbsp;174922 |
| Natural Gas Services Group, Inc. | &nbsp;&nbsp;&nbsp;1923 | &nbsp;&nbsp;&nbsp;&nbsp;64709 |
| Noble Corp. PLC | &nbsp;&nbsp;23124 | &nbsp;&nbsp;&nbsp;&nbsp;653022 |
| Oceaneering International, Inc. (A) | &nbsp;&nbsp;18234 | &nbsp;&nbsp;&nbsp;&nbsp;438163 |
| Oil States International, Inc. (A) | &nbsp;&nbsp;10339 | &nbsp;&nbsp;&nbsp;&nbsp;69995 |
| Patterson-UTI Energy, Inc. | &nbsp;&nbsp;63859 | &nbsp;&nbsp;&nbsp;&nbsp;390178 |
| ProFrac Holding Corp., Class A (A) | &nbsp;&nbsp;&nbsp;5730 | &nbsp;&nbsp;&nbsp;&nbsp;22290 |
| ProPetro Holding Corp. (A) | &nbsp;&nbsp;14512 | &nbsp;&nbsp;&nbsp;&nbsp;138009 |
| Ranger Energy Services, Inc., Class A | &nbsp;&nbsp;&nbsp;4160 | &nbsp;&nbsp;&nbsp;&nbsp;58157 |
| RPC, Inc. | &nbsp;&nbsp;17295 | &nbsp;&nbsp;&nbsp;&nbsp;94085 |
| Seadrill, Ltd. (A) | &nbsp;&nbsp;11571 | &nbsp;&nbsp;&nbsp;&nbsp;400357 |
| Select Water Solutions, Inc. | &nbsp;&nbsp;17623 | &nbsp;&nbsp;&nbsp;&nbsp;185394 |
| Solaris Energy Infrastructure, Inc. | &nbsp;&nbsp;&nbsp;7767 | &nbsp;&nbsp;&nbsp;&nbsp;357049 |
| TETRA Technologies, Inc. (A) | &nbsp;&nbsp;23304 | &nbsp;&nbsp;&nbsp;&nbsp;218358 |
| Tidewater, Inc. (A) | &nbsp;&nbsp;&nbsp;9044 | &nbsp;&nbsp;&nbsp;&nbsp;456812 |
| Transocean, Ltd. (A)(B) | 170002 | &nbsp;&nbsp;&nbsp;&nbsp;702108 |
| Valaris, Ltd. (A) | &nbsp;&nbsp;11391 | &nbsp;&nbsp;&nbsp;&nbsp;574106 |
|  |  | 9537806 |
| **Oil, gas and consumable fuels – 2.9%** | **Oil, gas and consumable fuels – 2.9%** |  |
| Ardmore Shipping Corp. | &nbsp;&nbsp;&nbsp;6363 | &nbsp;&nbsp;&nbsp;&nbsp;67384 |
| BKV Corp. (A) | &nbsp;&nbsp;&nbsp;4231 | &nbsp;&nbsp;&nbsp;&nbsp;114872 |
| California Resources Corp. | &nbsp;&nbsp;13453 | &nbsp;&nbsp;&nbsp;&nbsp;601484 |
| Calumet, Inc. (A)(B) | &nbsp;&nbsp;12709 | &nbsp;&nbsp;&nbsp;&nbsp;252528 |
| Centrus Energy Corp., Class A (A)(B) | &nbsp;&nbsp;&nbsp;3097 | &nbsp;&nbsp;&nbsp;&nbsp;751828 |
| Clean Energy Fuels Corp. (A) | &nbsp;&nbsp;33186 | &nbsp;&nbsp;&nbsp;&nbsp;69691 |
| CNX Resources Corp. (A) | &nbsp;&nbsp;23925 | &nbsp;&nbsp;&nbsp;&nbsp;879722 |
| Comstock Resources, Inc. (A)(B) | &nbsp;&nbsp;13659 | &nbsp;&nbsp;&nbsp;&nbsp;316616 |
| Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;9369 | &nbsp;&nbsp;&nbsp;&nbsp;829250 |
| Crescent Energy Company, Class A | &nbsp;&nbsp;43277 | &nbsp;&nbsp;&nbsp;&nbsp;363094 |
| CVR Energy, Inc. (A) | &nbsp;&nbsp;&nbsp;5714 | &nbsp;&nbsp;&nbsp;&nbsp;145364 |
| Delek US Holdings, Inc. | &nbsp;&nbsp;10987 | &nbsp;&nbsp;&nbsp;&nbsp;325874 |
| DHT Holdings, Inc. | &nbsp;&nbsp;24734 | &nbsp;&nbsp;&nbsp;&nbsp;302002 |
| Diversified Energy Company | &nbsp;&nbsp;11730 | &nbsp;&nbsp;&nbsp;&nbsp;169850 |
| Dorian LPG, Ltd. | &nbsp;&nbsp;&nbsp;6822 | &nbsp;&nbsp;&nbsp;&nbsp;166047 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| Encore Energy Corp. (A)(B) | 34920 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86602 |
| Energy Fuels, Inc. (A) | 42013 | &nbsp;&nbsp;&nbsp;&nbsp;610869 |
| Epsilon Energy, Ltd. | &nbsp;&nbsp;4864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22569 |
| Evolution Petroleum Corp. (B) | &nbsp;&nbsp;9134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32334 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp;4402 | &nbsp;&nbsp;&nbsp;&nbsp;123476 |
| FLEX LNG, Ltd. (New York Stock Exchange) (A) | &nbsp;&nbsp;5617 | &nbsp;&nbsp;&nbsp;&nbsp;140144 |
| Gevo, Inc. (A)(B) | 42886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85772 |
| Golar LNG, Ltd. | 17941 | &nbsp;&nbsp;&nbsp;&nbsp;667585 |
| Granite Ridge Resources, Inc. | 11009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51742 |
| Green Plains, Inc. (A) | 12699 | &nbsp;&nbsp;&nbsp;&nbsp;124450 |
| Gulfport Energy Corp. (A) | &nbsp;&nbsp;2916 | &nbsp;&nbsp;&nbsp;&nbsp;606499 |
| HighPeak Energy, Inc. (B) | &nbsp;&nbsp;5266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24961 |
| Infinity Natural Resources, Inc., Class A (A) | &nbsp;&nbsp;2966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43689 |
| International Seaways, Inc. | &nbsp;&nbsp;7367 | &nbsp;&nbsp;&nbsp;&nbsp;357668 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;8188 | &nbsp;&nbsp;&nbsp;&nbsp;295177 |
| Kosmos Energy, Ltd. (A)(B) | 90976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82552 |
| Lightbridge Corp. (A)(B) | &nbsp;&nbsp;4936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62391 |
| Magnolia Oil & Gas Corp., Class A | 33066 | &nbsp;&nbsp;&nbsp;&nbsp;723815 |
| Murphy Oil Corp. (B) | 24769 | &nbsp;&nbsp;&nbsp;&nbsp;774031 |
| NACCO Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38545 |
| Navigator Holdings, Ltd. (B) | &nbsp;&nbsp;5917 | &nbsp;&nbsp;&nbsp;&nbsp;102482 |
| New Fortress Energy, Inc. (A)(B) | 33066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37695 |
| NextDecade Corp. (A)(B) | 25380 | &nbsp;&nbsp;&nbsp;&nbsp;133753 |
| Nordic American Tankers, Ltd. (B) | 36868 | &nbsp;&nbsp;&nbsp;&nbsp;126826 |
| Northern Oil and Gas, Inc. (B) | 17616 | &nbsp;&nbsp;&nbsp;&nbsp;378216 |
| Par Pacific Holdings, Inc. (A) | &nbsp;&nbsp;9152 | &nbsp;&nbsp;&nbsp;&nbsp;321601 |
| PBF Energy, Inc., Class A | 15425 | &nbsp;&nbsp;&nbsp;&nbsp;418326 |
| Peabody Energy Corp. | 22477 | &nbsp;&nbsp;&nbsp;&nbsp;667567 |
| REX American Resources Corp. (A) | &nbsp;&nbsp;5343 | &nbsp;&nbsp;&nbsp;&nbsp;172686 |
| Riley Exploration Permian, Inc. (B) | &nbsp;&nbsp;2884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76138 |
| Sable Offshore Corp. (A) | 14085 | &nbsp;&nbsp;&nbsp;&nbsp;127047 |
| SandRidge Energy, Inc. | &nbsp;&nbsp;6496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93737 |
| Scorpio Tankers, Inc. | &nbsp;&nbsp;8271 | &nbsp;&nbsp;&nbsp;&nbsp;420415 |
| SFL Corp., Ltd. | 22306 | &nbsp;&nbsp;&nbsp;&nbsp;174210 |
| SM Energy Company | 20967 | &nbsp;&nbsp;&nbsp;&nbsp;392083 |
| Summit Midstream Corp. (A) | &nbsp;&nbsp;1854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49465 |
| Talos Energy, Inc. (A) | 24339 | &nbsp;&nbsp;&nbsp;&nbsp;268216 |
| Teekay Corp., Ltd. | &nbsp;&nbsp;9776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88277 |
| Teekay Tankers, Ltd., Class A (B) | &nbsp;&nbsp;4381 | &nbsp;&nbsp;&nbsp;&nbsp;234033 |
| Uranium Energy Corp. (A) | 87771 | &nbsp;&nbsp;&nbsp;1025165 |
| VAALCO Energy, Inc. (B) | 19962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72662 |
| Vitesse Energy, Inc. (B) | &nbsp;&nbsp;5543 | &nbsp;&nbsp;&nbsp;&nbsp;106758 |
| W&T Offshore, Inc. (B) | 20709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33756 |
| World Kinect Corp. | 10001 | &nbsp;&nbsp;&nbsp;&nbsp;234323 |
|  |  | 16065914 |
|  |  | 25603720 |
| **Financials – 17.1%** |  |  |
| **Banks – 9.5%** | **Banks – 9.5%** |  |
| 1st Source Corp. | &nbsp;&nbsp;3440 | &nbsp;&nbsp;&nbsp;&nbsp;214966 |
| ACNB Corp. | &nbsp;&nbsp;1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94911 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;4212 | &nbsp;&nbsp;&nbsp;&nbsp;134910 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;6873 | &nbsp;&nbsp;&nbsp;&nbsp;134092 |
| Ameris Bancorp | 11933 | &nbsp;&nbsp;&nbsp;&nbsp;886264 |
| Ames National Corp. | &nbsp;&nbsp;1851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42499 |
| Arrow Financial Corp. | &nbsp;&nbsp;3139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98565 |
| Associated Banc-Corp. | 29884 | &nbsp;&nbsp;&nbsp;&nbsp;769812 |
| Atlantic Union Bankshares Corp. | 25897 | &nbsp;&nbsp;&nbsp;&nbsp;914164 |
| Axos Financial, Inc. (A) | &nbsp;&nbsp;9945 | &nbsp;&nbsp;&nbsp;&nbsp;856861 |
| Banc of California, Inc. | 22969 | &nbsp;&nbsp;&nbsp;&nbsp;443072 |
| BancFirst Corp. | &nbsp;&nbsp;3912 | &nbsp;&nbsp;&nbsp;&nbsp;414750 |
| Bank First Corp. | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;205632 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;7080 | &nbsp;&nbsp;&nbsp;&nbsp;484060 |
| Bank of Marin Bancorp | &nbsp;&nbsp;2913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75767 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 87 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Bank7 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;901 | $&nbsp;&nbsp;&nbsp;&nbsp;36923 |
| BankFinancial Corp. (B) | &nbsp;&nbsp;2951 | &nbsp;&nbsp;&nbsp;&nbsp;35412 |
| BankUnited, Inc. | 13623 | &nbsp;&nbsp;&nbsp;&nbsp;607177 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;1351 | &nbsp;&nbsp;&nbsp;&nbsp;61903 |
| Banner Corp. | &nbsp;&nbsp;6106 | &nbsp;&nbsp;&nbsp;&nbsp;382602 |
| Bar Harbor Bankshares | &nbsp;&nbsp;3268 | &nbsp;&nbsp;&nbsp;&nbsp;101471 |
| BayCom Corp. | &nbsp;&nbsp;2295 | &nbsp;&nbsp;&nbsp;&nbsp;67473 |
| BCB Bancorp, Inc. | &nbsp;&nbsp;4410 | &nbsp;&nbsp;&nbsp;&nbsp;35589 |
| Beacon Financial Corp. | 15089 | &nbsp;&nbsp;&nbsp;&nbsp;397897 |
| Blue Foundry Bancorp (A) | &nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;&nbsp;50963 |
| Blue Ridge Bankshares, Inc. | 13299 | &nbsp;&nbsp;&nbsp;&nbsp;56787 |
| Bridgewater Bancshares, Inc. (A) | &nbsp;&nbsp;4148 | &nbsp;&nbsp;&nbsp;&nbsp;72714 |
| Burke & Herbert Financial Services Corp. | &nbsp;&nbsp;2478 | &nbsp;&nbsp;&nbsp;&nbsp;154404 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;5433 | &nbsp;&nbsp;&nbsp;&nbsp;142019 |
| BV Financial, Inc. (A) | &nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;32579 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;5879 | &nbsp;&nbsp;&nbsp;&nbsp;171373 |
| C&F Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;612 | &nbsp;&nbsp;&nbsp;&nbsp;44425 |
| Cadence Bank | 33793 | 1447692 |
| California BanCorp | &nbsp;&nbsp;4016 | &nbsp;&nbsp;&nbsp;&nbsp;74979 |
| Camden National Corp. | &nbsp;&nbsp;3081 | &nbsp;&nbsp;&nbsp;&nbsp;133654 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;2426 | &nbsp;&nbsp;&nbsp;&nbsp;68340 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;2777 | &nbsp;&nbsp;&nbsp;&nbsp;118217 |
| Capitol Federal Financial, Inc. | 22342 | &nbsp;&nbsp;&nbsp;&nbsp;152149 |
| Carter Bankshares, Inc. (A) | &nbsp;&nbsp;4430 | &nbsp;&nbsp;&nbsp;&nbsp;87094 |
| Cathay General Bancorp | 12066 | &nbsp;&nbsp;&nbsp;&nbsp;583874 |
| CB Financial Services, Inc. (B) | &nbsp;&nbsp;&nbsp;&nbsp;969 | &nbsp;&nbsp;&nbsp;&nbsp;33779 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;4794 | &nbsp;&nbsp;&nbsp;&nbsp;149381 |
| CF Bankshares, Inc. | &nbsp;&nbsp;1041 | &nbsp;&nbsp;&nbsp;&nbsp;25973 |
| Chemung Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;50611 |
| ChoiceOne Financial Services, Inc. (B) | &nbsp;&nbsp;2599 | &nbsp;&nbsp;&nbsp;&nbsp;76722 |
| Citizens & Northern Corp. | &nbsp;&nbsp;3563 | &nbsp;&nbsp;&nbsp;&nbsp;71866 |
| Citizens Community Bancorp, Inc. | &nbsp;&nbsp;1984 | &nbsp;&nbsp;&nbsp;&nbsp;35355 |
| Citizens Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;52002 |
| City Holding Company | &nbsp;&nbsp;2533 | &nbsp;&nbsp;&nbsp;&nbsp;301934 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;3734 | &nbsp;&nbsp;&nbsp;&nbsp;82969 |
| CNB Financial Corp. | &nbsp;&nbsp;5306 | &nbsp;&nbsp;&nbsp;&nbsp;138858 |
| Coastal Financial Corp. (A) | &nbsp;&nbsp;2373 | &nbsp;&nbsp;&nbsp;&nbsp;271922 |
| CoastalSouth Bancshares, Inc. (A) | &nbsp;&nbsp;1239 | &nbsp;&nbsp;&nbsp;&nbsp;28807 |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;3685 | &nbsp;&nbsp;&nbsp;&nbsp;65667 |
| Columbia Financial, Inc. (A) | &nbsp;&nbsp;5788 | &nbsp;&nbsp;&nbsp;&nbsp;89946 |
| Commercial Bancgroup, Inc. (A) | &nbsp;&nbsp;1618 | &nbsp;&nbsp;&nbsp;&nbsp;39738 |
| Community Financial System, Inc. | &nbsp;&nbsp;9775 | &nbsp;&nbsp;&nbsp;&nbsp;561476 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;3055 | &nbsp;&nbsp;&nbsp;&nbsp;172608 |
| Community West Bancshares | &nbsp;&nbsp;3169 | &nbsp;&nbsp;&nbsp;&nbsp;71303 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;8839 | &nbsp;&nbsp;&nbsp;&nbsp;231759 |
| Customers Bancorp, Inc. (A) | &nbsp;&nbsp;5829 | &nbsp;&nbsp;&nbsp;&nbsp;426216 |
| CVB Financial Corp. (B) | 24088 | &nbsp;&nbsp;&nbsp;&nbsp;448037 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;7322 | &nbsp;&nbsp;&nbsp;&nbsp;220319 |
| Eagle Bancorp Montana, Inc. | &nbsp;&nbsp;1505 | &nbsp;&nbsp;&nbsp;&nbsp;29950 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;5120 | &nbsp;&nbsp;&nbsp;&nbsp;109670 |
| Eagle Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;947 | &nbsp;&nbsp;&nbsp;&nbsp;37686 |
| Eastern Bankshares, Inc. | 40319 | &nbsp;&nbsp;&nbsp;&nbsp;743079 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;6749 | &nbsp;&nbsp;&nbsp;&nbsp;364446 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;2921 | &nbsp;&nbsp;&nbsp;&nbsp;130423 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;1312 | &nbsp;&nbsp;&nbsp;&nbsp;133916 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;2694 | &nbsp;&nbsp;&nbsp;&nbsp;66596 |
| Farmers National Banc Corp. | &nbsp;&nbsp;7561 | &nbsp;&nbsp;&nbsp;&nbsp;100713 |
| FB Bancorp, Inc. (A) | &nbsp;&nbsp;3388 | &nbsp;&nbsp;&nbsp;&nbsp;43536 |
| FB Financial Corp. | &nbsp;&nbsp;7590 | &nbsp;&nbsp;&nbsp;&nbsp;423522 |
| Fidelity D&D Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;39395 |
| Financial Institutions, Inc. | &nbsp;&nbsp;3508 | &nbsp;&nbsp;&nbsp;&nbsp;109344 |
| Finward Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;&nbsp;&nbsp;24879 |
| First Bancorp (North Carolina) | &nbsp;&nbsp;7406 | &nbsp;&nbsp;&nbsp;&nbsp;376151 |
| First Bancorp (Puerto Rico) | 29233 | &nbsp;&nbsp;&nbsp;&nbsp;606000 |
| First Bank | &nbsp;&nbsp;4433 | &nbsp;&nbsp;&nbsp;&nbsp;72967 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| First Busey Corp. | 15310 | $&nbsp;&nbsp;&nbsp;&nbsp;364225 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;1511 | &nbsp;&nbsp;&nbsp;&nbsp;82047 |
| First Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;651 | &nbsp;&nbsp;&nbsp;&nbsp;38539 |
| First Commonwealth Financial Corp. | 19122 | &nbsp;&nbsp;&nbsp;&nbsp;322397 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;3379 | &nbsp;&nbsp;&nbsp;&nbsp;113974 |
| First Community Corp. | &nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;42340 |
| First Financial Bancorp | 17539 | &nbsp;&nbsp;&nbsp;&nbsp;438826 |
| First Financial Bankshares, Inc. | 24945 | &nbsp;&nbsp;&nbsp;&nbsp;745107 |
| First Financial Corp. | &nbsp;&nbsp;1946 | &nbsp;&nbsp;&nbsp;&nbsp;117577 |
| First Foundation, Inc. (A) | 12114 | &nbsp;&nbsp;&nbsp;&nbsp;74622 |
| First Internet Bancorp | &nbsp;&nbsp;1764 | &nbsp;&nbsp;&nbsp;&nbsp;36815 |
| First Interstate BancSystem, Inc., Class A (B) | 16032 | &nbsp;&nbsp;&nbsp;&nbsp;554707 |
| First Merchants Corp. | 10634 | &nbsp;&nbsp;&nbsp;&nbsp;398562 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;4193 | &nbsp;&nbsp;&nbsp;&nbsp;163527 |
| First National Corp. | &nbsp;&nbsp;1601 | &nbsp;&nbsp;&nbsp;&nbsp;40409 |
| First Savings Financial Group, Inc. | &nbsp;&nbsp;1116 | &nbsp;&nbsp;&nbsp;&nbsp;35556 |
| First United Corp. | &nbsp;&nbsp;1183 | &nbsp;&nbsp;&nbsp;&nbsp;44292 |
| First Western Financial, Inc. (A) | &nbsp;&nbsp;1653 | &nbsp;&nbsp;&nbsp;&nbsp;44317 |
| Firstsun Capital Bancorp (A) | &nbsp;&nbsp;2419 | &nbsp;&nbsp;&nbsp;&nbsp;91039 |
| Five Star Bancorp | &nbsp;&nbsp;3006 | &nbsp;&nbsp;&nbsp;&nbsp;107555 |
| Flagstar Bank NA | 55752 | &nbsp;&nbsp;&nbsp;&nbsp;701918 |
| Flushing Financial Corp. | &nbsp;&nbsp;5764 | &nbsp;&nbsp;&nbsp;&nbsp;87440 |
| Franklin Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;799 | &nbsp;&nbsp;&nbsp;&nbsp;40110 |
| FS Bancorp, Inc. | &nbsp;&nbsp;1367 | &nbsp;&nbsp;&nbsp;&nbsp;56279 |
| Fulton Financial Corp. | 32629 | &nbsp;&nbsp;&nbsp;&nbsp;630719 |
| FVCBankcorp, Inc. | &nbsp;&nbsp;3538 | &nbsp;&nbsp;&nbsp;&nbsp;49214 |
| GBank Financial Holdings, Inc. (A)(B) | &nbsp;&nbsp;1714 | &nbsp;&nbsp;&nbsp;&nbsp;58087 |
| German American Bancorp, Inc. | &nbsp;&nbsp;6847 | &nbsp;&nbsp;&nbsp;&nbsp;268265 |
| Glacier Bancorp, Inc. | 23492 | 1034823 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;1624 | &nbsp;&nbsp;&nbsp;&nbsp;99973 |
| Greene County Bancorp, Inc. | &nbsp;&nbsp;1544 | &nbsp;&nbsp;&nbsp;&nbsp;34323 |
| Hancock Whitney Corp. | 15198 | &nbsp;&nbsp;&nbsp;&nbsp;967809 |
| Hanmi Financial Corp. | &nbsp;&nbsp;5448 | &nbsp;&nbsp;&nbsp;&nbsp;147259 |
| Hawthorn Bancshares, Inc. | &nbsp;&nbsp;1161 | &nbsp;&nbsp;&nbsp;&nbsp;40496 |
| HBT Financial, Inc. | &nbsp;&nbsp;2406 | &nbsp;&nbsp;&nbsp;&nbsp;62195 |
| Heritage Commerce Corp. | 10507 | &nbsp;&nbsp;&nbsp;&nbsp;126189 |
| Heritage Financial Corp. | &nbsp;&nbsp;6221 | &nbsp;&nbsp;&nbsp;&nbsp;147127 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp;7980 | &nbsp;&nbsp;&nbsp;&nbsp;270841 |
| Home Bancorp, Inc. | &nbsp;&nbsp;1291 | &nbsp;&nbsp;&nbsp;&nbsp;74620 |
| Home BancShares, Inc. | 34135 | &nbsp;&nbsp;&nbsp;&nbsp;948270 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;3061 | &nbsp;&nbsp;&nbsp;&nbsp;131439 |
| Hope Bancorp, Inc. | 22651 | &nbsp;&nbsp;&nbsp;&nbsp;248255 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;9685 | &nbsp;&nbsp;&nbsp;&nbsp;164258 |
| Independent Bank Corp. (Massachusetts) | &nbsp;&nbsp;9115 | &nbsp;&nbsp;&nbsp;&nbsp;666124 |
| Independent Bank Corp. (Michigan) | &nbsp;&nbsp;3621 | &nbsp;&nbsp;&nbsp;&nbsp;117791 |
| International Bancshares Corp. | 10018 | &nbsp;&nbsp;&nbsp;&nbsp;665596 |
| Investar Holding Corp. | &nbsp;&nbsp;1777 | &nbsp;&nbsp;&nbsp;&nbsp;47481 |
| John Marshall Bancorp, Inc. | &nbsp;&nbsp;2739 | &nbsp;&nbsp;&nbsp;&nbsp;54753 |
| Kearny Financial Corp. | 10729 | &nbsp;&nbsp;&nbsp;&nbsp;79502 |
| Lakeland Financial Corp. | &nbsp;&nbsp;4655 | &nbsp;&nbsp;&nbsp;&nbsp;265614 |
| Landmark Bancorp, Inc. | &nbsp;&nbsp;1019 | &nbsp;&nbsp;&nbsp;&nbsp;26688 |
| LCNB Corp. | &nbsp;&nbsp;2858 | &nbsp;&nbsp;&nbsp;&nbsp;46843 |
| LINKBANCORP, Inc. | &nbsp;&nbsp;4552 | &nbsp;&nbsp;&nbsp;&nbsp;37600 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;6562 | &nbsp;&nbsp;&nbsp;&nbsp;225405 |
| MainStreet Bancshares, Inc. | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;30845 |
| Mechanics Bancorp, Class A (B) | &nbsp;&nbsp;9054 | &nbsp;&nbsp;&nbsp;&nbsp;132460 |
| Mercantile Bank Corp. | &nbsp;&nbsp;2951 | &nbsp;&nbsp;&nbsp;&nbsp;141943 |
| Meridian Corp. | &nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;31205 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;4228 | &nbsp;&nbsp;&nbsp;&nbsp;112211 |
| Metropolitan Bank Holding Corp. | &nbsp;&nbsp;1624 | &nbsp;&nbsp;&nbsp;&nbsp;124009 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;3585 | &nbsp;&nbsp;&nbsp;&nbsp;111207 |
| Middlefield Banc Corp. | &nbsp;&nbsp;1464 | &nbsp;&nbsp;&nbsp;&nbsp;50567 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;4008 | &nbsp;&nbsp;&nbsp;&nbsp;84849 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;2964 | &nbsp;&nbsp;&nbsp;&nbsp;114114 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 88 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| MVB Financial Corp. | &nbsp;&nbsp;2160 | $&nbsp;&nbsp;&nbsp;&nbsp;55793 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;6952 | &nbsp;&nbsp;&nbsp;&nbsp;264246 |
| National Bankshares, Inc. | &nbsp;&nbsp;1278 | &nbsp;&nbsp;&nbsp;&nbsp;42851 |
| NB Bancorp, Inc. | &nbsp;&nbsp;7486 | &nbsp;&nbsp;&nbsp;&nbsp;148372 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;9447 | &nbsp;&nbsp;&nbsp;&nbsp;392239 |
| Nicolet Bankshares, Inc. | &nbsp;&nbsp;2433 | &nbsp;&nbsp;&nbsp;&nbsp;295123 |
| Northeast Bank | &nbsp;&nbsp;1370 | &nbsp;&nbsp;&nbsp;&nbsp;142384 |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp;2595 | &nbsp;&nbsp;&nbsp;&nbsp;58673 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;7317 | &nbsp;&nbsp;&nbsp;&nbsp;83633 |
| Northpointe Bancshares, Inc. | &nbsp;&nbsp;3821 | &nbsp;&nbsp;&nbsp;&nbsp;64116 |
| Northrim BanCorp, Inc. | &nbsp;&nbsp;3942 | &nbsp;&nbsp;&nbsp;&nbsp;104897 |
| Northwest Bancshares, Inc. | 25815 | &nbsp;&nbsp;&nbsp;&nbsp;309780 |
| Norwood Financial Corp. | &nbsp;&nbsp;1772 | &nbsp;&nbsp;&nbsp;&nbsp;49705 |
| Oak Valley Bancorp | &nbsp;&nbsp;1444 | &nbsp;&nbsp;&nbsp;&nbsp;43407 |
| OceanFirst Financial Corp. | 10222 | &nbsp;&nbsp;&nbsp;&nbsp;183485 |
| OFG Bancorp | &nbsp;&nbsp;8036 | &nbsp;&nbsp;&nbsp;&nbsp;329315 |
| Ohio Valley Banc Corp. | &nbsp;&nbsp;&nbsp;&nbsp;767 | &nbsp;&nbsp;&nbsp;&nbsp;30665 |
| Old National Bancorp | 63408 | 1414632 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;9319 | &nbsp;&nbsp;&nbsp;&nbsp;181721 |
| OP Bancorp | &nbsp;&nbsp;2528 | &nbsp;&nbsp;&nbsp;&nbsp;35695 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp;2334 | &nbsp;&nbsp;&nbsp;&nbsp;66636 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;5476 | &nbsp;&nbsp;&nbsp;&nbsp;205952 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;3273 | &nbsp;&nbsp;&nbsp;&nbsp;115930 |
| Park National Corp. | &nbsp;&nbsp;2755 | &nbsp;&nbsp;&nbsp;&nbsp;419256 |
| Parke Bancorp, Inc. | &nbsp;&nbsp;2188 | &nbsp;&nbsp;&nbsp;&nbsp;54788 |
| Pathward Financial, Inc. | &nbsp;&nbsp;4109 | &nbsp;&nbsp;&nbsp;&nbsp;291739 |
| Patriot National Bancorp, Inc. (A) | 12986 | &nbsp;&nbsp;&nbsp;&nbsp;23635 |
| PCB Bancorp | &nbsp;&nbsp;2234 | &nbsp;&nbsp;&nbsp;&nbsp;48366 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;2964 | &nbsp;&nbsp;&nbsp;&nbsp;82547 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;6384 | &nbsp;&nbsp;&nbsp;&nbsp;191712 |
| Peoples Financial Services Corp. (B) | &nbsp;&nbsp;1791 | &nbsp;&nbsp;&nbsp;&nbsp;87240 |
| Plumas Bancorp | &nbsp;&nbsp;1405 | &nbsp;&nbsp;&nbsp;&nbsp;62789 |
| Ponce Financial Group, Inc. (A) | &nbsp;&nbsp;3839 | &nbsp;&nbsp;&nbsp;&nbsp;62768 |
| Preferred Bank | &nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;194526 |
| Primis Financial Corp. | &nbsp;&nbsp;4414 | &nbsp;&nbsp;&nbsp;&nbsp;61399 |
| Princeton Bancorp, Inc. | &nbsp;&nbsp;1032 | &nbsp;&nbsp;&nbsp;&nbsp;35800 |
| Provident Financial Services, Inc. | 23757 | &nbsp;&nbsp;&nbsp;&nbsp;469201 |
| QCR Holdings, Inc. | &nbsp;&nbsp;3007 | &nbsp;&nbsp;&nbsp;&nbsp;250483 |
| RBB Bancorp | &nbsp;&nbsp;3205 | &nbsp;&nbsp;&nbsp;&nbsp;66151 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;67216 |
| Renasant Corp. | 17142 | &nbsp;&nbsp;&nbsp;&nbsp;603741 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;1648 | &nbsp;&nbsp;&nbsp;&nbsp;113696 |
| Richmond Mutual BanCorp, Inc. | &nbsp;&nbsp;1890 | &nbsp;&nbsp;&nbsp;&nbsp;26536 |
| Riverview Bancorp, Inc. | &nbsp;&nbsp;5041 | &nbsp;&nbsp;&nbsp;&nbsp;25306 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;6994 | &nbsp;&nbsp;&nbsp;&nbsp;275214 |
| Seacoast Banking Corp. of Florida | 15990 | &nbsp;&nbsp;&nbsp;&nbsp;502406 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;9549 | &nbsp;&nbsp;&nbsp;&nbsp;685523 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;5796 | &nbsp;&nbsp;&nbsp;&nbsp;102473 |
| Sierra Bancorp | &nbsp;&nbsp;2459 | &nbsp;&nbsp;&nbsp;&nbsp;80360 |
| Simmons First National Corp., Class A | 26788 | &nbsp;&nbsp;&nbsp;&nbsp;504954 |
| SmartFinancial, Inc. | &nbsp;&nbsp;2748 | &nbsp;&nbsp;&nbsp;&nbsp;101649 |
| South Plains Financial, Inc. | &nbsp;&nbsp;2546 | &nbsp;&nbsp;&nbsp;&nbsp;98785 |
| Southern First Bancshares, Inc. (A) | &nbsp;&nbsp;1446 | &nbsp;&nbsp;&nbsp;&nbsp;74498 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;1767 | &nbsp;&nbsp;&nbsp;&nbsp;104465 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;5450 | &nbsp;&nbsp;&nbsp;&nbsp;165626 |
| SR Bancorp, Inc. (B) | &nbsp;&nbsp;1605 | &nbsp;&nbsp;&nbsp;&nbsp;25263 |
| Stellar Bancorp, Inc. | &nbsp;&nbsp;8619 | &nbsp;&nbsp;&nbsp;&nbsp;266672 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;4920 | &nbsp;&nbsp;&nbsp;&nbsp;319554 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;8228 | &nbsp;&nbsp;&nbsp;&nbsp;744963 |
| The Bancorp, Inc. (A) | &nbsp;&nbsp;7774 | &nbsp;&nbsp;&nbsp;&nbsp;524900 |
| The Bank of NT Butterfield & Son, Ltd. | &nbsp;&nbsp;7642 | &nbsp;&nbsp;&nbsp;&nbsp;380724 |
| The First Bancorp, Inc. | &nbsp;&nbsp;2542 | &nbsp;&nbsp;&nbsp;&nbsp;67210 |
| The Hingham Institution for Savings | &nbsp;&nbsp;&nbsp;&nbsp;301 | &nbsp;&nbsp;&nbsp;&nbsp;85472 |
| Third Coast Bancshares, Inc. (A) | &nbsp;&nbsp;2377 | &nbsp;&nbsp;&nbsp;&nbsp;90350 |
| Timberland Bancorp, Inc. | &nbsp;&nbsp;1634 | &nbsp;&nbsp;&nbsp;&nbsp;58497 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Tompkins Financial Corp. | &nbsp;&nbsp;2511 | $&nbsp;&nbsp;&nbsp;&nbsp;182098 |
| Towne Bank | 13759 | &nbsp;&nbsp;&nbsp;&nbsp;459138 |
| TriCo Bancshares | &nbsp;&nbsp;5705 | &nbsp;&nbsp;&nbsp;&nbsp;270246 |
| Triumph Financial, Inc. (A) | &nbsp;&nbsp;4197 | &nbsp;&nbsp;&nbsp;&nbsp;262858 |
| Trustmark Corp. | 10200 | &nbsp;&nbsp;&nbsp;&nbsp;397290 |
| UMB Financial Corp. | 13190 | &nbsp;&nbsp;&nbsp;1517378 |
| United Bankshares, Inc. | 25099 | &nbsp;&nbsp;&nbsp;&nbsp;963802 |
| United Community Banks, Inc. | 22518 | &nbsp;&nbsp;&nbsp;&nbsp;703012 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;1405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72667 |
| Univest Financial Corp. | &nbsp;&nbsp;5337 | &nbsp;&nbsp;&nbsp;&nbsp;174733 |
| USCB Financial Holdings, Inc. | &nbsp;&nbsp;2553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47026 |
| Valley National Bancorp | 87757 | &nbsp;&nbsp;&nbsp;1025002 |
| Virginia National Bankshares Corp. | &nbsp;&nbsp;1003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39970 |
| WaFd, Inc. | 14237 | &nbsp;&nbsp;&nbsp;&nbsp;456011 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;3350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98993 |
| WesBanco, Inc. | 17180 | &nbsp;&nbsp;&nbsp;&nbsp;571063 |
| West BanCorp, Inc. | &nbsp;&nbsp;2977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66060 |
| Westamerica BanCorp | &nbsp;&nbsp;4409 | &nbsp;&nbsp;&nbsp;&nbsp;210882 |
| Western New England Bancorp, Inc. | &nbsp;&nbsp;3902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49243 |
| WSFS Financial Corp. | 10106 | &nbsp;&nbsp;&nbsp;&nbsp;558255 |
|  |  | 52604135 |
| **Capital markets – 1.8%** | **Capital markets – 1.8%** |  |
| Acadian Asset Management, Inc. | &nbsp;&nbsp;4926 | &nbsp;&nbsp;&nbsp;&nbsp;231522 |
| AlTi Global, Inc. (A)(B) | &nbsp;&nbsp;8699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40363 |
| Artisan Partners Asset Management, Inc., Class A | 11409 | &nbsp;&nbsp;&nbsp;&nbsp;464803 |
| Bakkt Holdings, Inc. (A)(B) | &nbsp;&nbsp;2666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26767 |
| BGC Group, Inc., Class A | 66582 | &nbsp;&nbsp;&nbsp;&nbsp;594577 |
| Cohen & Steers, Inc. | &nbsp;&nbsp;5175 | &nbsp;&nbsp;&nbsp;&nbsp;324887 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83394 |
| DigitalBridge Group, Inc. (B) | 32715 | &nbsp;&nbsp;&nbsp;&nbsp;501848 |
| Donnelley Financial Solutions, Inc. (A) | &nbsp;&nbsp;4721 | &nbsp;&nbsp;&nbsp;&nbsp;220423 |
| Forge Global Holdings, Inc. (A) | &nbsp;&nbsp;2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91081 |
| GCM Grosvenor, Inc., Class A | 10218 | &nbsp;&nbsp;&nbsp;&nbsp;115668 |
| Innventure, Inc. (A) | &nbsp;&nbsp;5316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22221 |
| Marex Group PLC | 10136 | &nbsp;&nbsp;&nbsp;&nbsp;388817 |
| Miami International Holdings, Inc. (A) | &nbsp;&nbsp;4401 | &nbsp;&nbsp;&nbsp;&nbsp;195316 |
| Moelis & Company, Class A | 13612 | &nbsp;&nbsp;&nbsp;&nbsp;935689 |
| Open Lending Corp. (A) | 20557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31863 |
| P10, Inc., Class A (B) | 11008 | &nbsp;&nbsp;&nbsp;&nbsp;107988 |
| Patria Investments, Ltd., Class A (B) | 12414 | &nbsp;&nbsp;&nbsp;&nbsp;197258 |
| Perella Weinberg Partners | 11582 | &nbsp;&nbsp;&nbsp;&nbsp;200369 |
| Piper Sandler Companies | &nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;1087072 |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;4202 | &nbsp;&nbsp;&nbsp;&nbsp;702574 |
| Silvercrest Asset Management Group, Inc., Class A | &nbsp;&nbsp;1971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29939 |
| StepStone Group, Inc., Class A | 12868 | &nbsp;&nbsp;&nbsp;&nbsp;825740 |
| StoneX Group, Inc. (A) | &nbsp;&nbsp;9001 | &nbsp;&nbsp;&nbsp;&nbsp;856265 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;8102 | &nbsp;&nbsp;&nbsp;&nbsp;511155 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;1165 | &nbsp;&nbsp;&nbsp;&nbsp;190070 |
| Webull Corp. (A)(B) | 50221 | &nbsp;&nbsp;&nbsp;&nbsp;390217 |
| Westwood Holdings Group, Inc. | &nbsp;&nbsp;1766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30393 |
| WisdomTree, Inc. (B) | 22527 | &nbsp;&nbsp;&nbsp;&nbsp;274604 |
|  |  | &nbsp;&nbsp;&nbsp;9672883 |
| **Consumer finance – 1.0%** | **Consumer finance – 1.0%** |  |
| Atlanticus Holdings Corp. (A) | &nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67553 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;8343 | &nbsp;&nbsp;&nbsp;&nbsp;617632 |
| Dave, Inc. (A) | &nbsp;&nbsp;1903 | &nbsp;&nbsp;&nbsp;&nbsp;421343 |
| Encore Capital Group, Inc. (A)(B) | &nbsp;&nbsp;4121 | &nbsp;&nbsp;&nbsp;&nbsp;223976 |
| Enova International, Inc. (A) | &nbsp;&nbsp;4418 | &nbsp;&nbsp;&nbsp;&nbsp;694510 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;7269 | &nbsp;&nbsp;&nbsp;1158533 |
| Green Dot Corp., Class A (A) | &nbsp;&nbsp;9878 | &nbsp;&nbsp;&nbsp;&nbsp;126537 |
| Jefferson Capital, Inc. | &nbsp;&nbsp;1627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36347 |
| LendingClub Corp. (A) | 20771 | &nbsp;&nbsp;&nbsp;&nbsp;393403 |
| LendingTree, Inc. (A) | &nbsp;&nbsp;2054 | &nbsp;&nbsp;&nbsp;&nbsp;109047 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 89 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer finance (continued)** | **Consumer finance (continued)** |  |
| Medallion Financial Corp. | &nbsp;&nbsp;3342 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34389 |
| Navient Corp. | 12517 | &nbsp;&nbsp;&nbsp;&nbsp;162721 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;273898 |
| NerdWallet, Inc., Class A (A) | &nbsp;&nbsp;7949 | &nbsp;&nbsp;&nbsp;&nbsp;107709 |
| Oportun Financial Corp. (A) | &nbsp;&nbsp;7647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40453 |
| OppFi, Inc. | &nbsp;&nbsp;5083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53168 |
| PRA Group, Inc. (A) | &nbsp;&nbsp;7177 | &nbsp;&nbsp;&nbsp;&nbsp;126961 |
| PROG Holdings, Inc. | &nbsp;&nbsp;7162 | &nbsp;&nbsp;&nbsp;&nbsp;211207 |
| Regional Management Corp. | &nbsp;&nbsp;1729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66999 |
| Upstart Holdings, Inc. (A)(B) | 15659 | &nbsp;&nbsp;&nbsp;&nbsp;684768 |
| World Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78057 |
|  |  | &nbsp;&nbsp;&nbsp;5689211 |
| **Financial services – 2.1%** | **Financial services – 2.1%** |  |
| Acacia Research Corp. (A)(B) | &nbsp;&nbsp;7855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29378 |
| Alerus Financial Corp. | &nbsp;&nbsp;4339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97714 |
| Banco Latinoamericano de Comercio Exterior SA, Class E | &nbsp;&nbsp;5183 | &nbsp;&nbsp;&nbsp;&nbsp;231162 |
| Better Home & Finance Holding Company (A)(B) | &nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33883 |
| Burford Capital, Ltd. | 37211 | &nbsp;&nbsp;&nbsp;&nbsp;331922 |
| Cannae Holdings, Inc. | &nbsp;&nbsp;8999 | &nbsp;&nbsp;&nbsp;&nbsp;141554 |
| Cantaloupe, Inc. (A) | 10358 | &nbsp;&nbsp;&nbsp;&nbsp;110002 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;2189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90887 |
| Compass Diversified Holdings (B) | 13350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64080 |
| Enact Holdings, Inc. | &nbsp;&nbsp;5298 | &nbsp;&nbsp;&nbsp;&nbsp;210013 |
| Essent Group, Ltd. | 17275 | &nbsp;&nbsp;&nbsp;1123048 |
| EVERTEC, Inc. | 11975 | &nbsp;&nbsp;&nbsp;&nbsp;348353 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;1712 | &nbsp;&nbsp;&nbsp;&nbsp;300576 |
| Finance of America Companies, Inc., Class A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22806 |
| Flywire Corp. (A) | 21633 | &nbsp;&nbsp;&nbsp;&nbsp;306323 |
| HA Sustainable Infrastructure Capital, Inc. | 22419 | &nbsp;&nbsp;&nbsp;&nbsp;704629 |
| International Money Express, Inc. (A) | &nbsp;&nbsp;5182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79596 |
| Jackson Financial, Inc., Class A | 12652 | &nbsp;&nbsp;&nbsp;1349336 |
| LoanDepot, Inc., Class A (A) | 16787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34749 |
| Marqeta, Inc., Class A (A) | 67360 | &nbsp;&nbsp;&nbsp;&nbsp;319960 |
| Merchants Bancorp | &nbsp;&nbsp;4894 | &nbsp;&nbsp;&nbsp;&nbsp;166690 |
| NCR Atleos Corp. (A) | 13473 | &nbsp;&nbsp;&nbsp;&nbsp;513456 |
| NewtekOne, Inc. | &nbsp;&nbsp;4157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47182 |
| NMI Holdings, Inc. (A) | 14295 | &nbsp;&nbsp;&nbsp;&nbsp;583093 |
| Onity Group, Inc. (A)(B) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57650 |
| PagSeguro Digital, Ltd., Class A | 32737 | &nbsp;&nbsp;&nbsp;&nbsp;315585 |
| Payoneer Global, Inc. (A) | 51593 | &nbsp;&nbsp;&nbsp;&nbsp;289953 |
| Paysafe, Ltd. (A)(B) | &nbsp;&nbsp;6318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51113 |
| Paysign, Inc. (A) | &nbsp;&nbsp;6728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34649 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;5342 | &nbsp;&nbsp;&nbsp;&nbsp;704289 |
| Priority Technology Holdings, Inc. (A)(B) | &nbsp;&nbsp;5397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29414 |
| Radian Group, Inc. | 24662 | &nbsp;&nbsp;&nbsp;&nbsp;887585 |
| Remitly Global, Inc. (A) | 31014 | &nbsp;&nbsp;&nbsp;&nbsp;427993 |
| Repay Holdings Corp. (A)(B) | 13165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48052 |
| Security National Financial Corp., Class A (A)(B) | &nbsp;&nbsp;3237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29165 |
| Sezzle, Inc. (A)(B) | &nbsp;&nbsp;2992 | &nbsp;&nbsp;&nbsp;&nbsp;189917 |
| StoneCo, Ltd., Class A (A) | 46127 | &nbsp;&nbsp;&nbsp;&nbsp;682218 |
| Triller Group, Inc. (A) | 18937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606 |
| TrustCo Bank Corp. NY | &nbsp;&nbsp;3287 | &nbsp;&nbsp;&nbsp;&nbsp;135852 |
| Velocity Financial, Inc. (A) | &nbsp;&nbsp;2361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49014 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;6088 | &nbsp;&nbsp;&nbsp;&nbsp;366193 |
| Waterstone Financial, Inc. | &nbsp;&nbsp;3116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51570 |
|  |  | 11591210 |
| **Insurance – 1.9%** | **Insurance – 1.9%** |  |
| Abacus Global Management, Inc. (B) | &nbsp;&nbsp;7607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65040 |
| American Coastal Insurance Corp. (B) | &nbsp;&nbsp;4592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57997 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| American Integrity Insurance Group, Inc. (A) | &nbsp;&nbsp;1514 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31537 |
| AMERISAFE, Inc. | &nbsp;&nbsp;3447 | &nbsp;&nbsp;&nbsp;&nbsp;132399 |
| Aspen Insurance Holdings, Ltd., Class A (A)(B) | &nbsp;&nbsp;2861 | &nbsp;&nbsp;&nbsp;&nbsp;106143 |
| Ategrity Specialty Holdings LLC (A) | &nbsp;&nbsp;1456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30591 |
| Bowhead Specialty Holdings, Inc. (A) | &nbsp;&nbsp;3360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95894 |
| Citizens, Inc. (A)(B) | &nbsp;&nbsp;8834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42668 |
| CNO Financial Group, Inc. | 17519 | &nbsp;&nbsp;&nbsp;&nbsp;744032 |
| Crawford & Company, Class A | &nbsp;&nbsp;3262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36698 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;3165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63237 |
| eHealth, Inc. (A) | &nbsp;&nbsp;5788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26625 |
| Employers Holdings, Inc. | &nbsp;&nbsp;4044 | &nbsp;&nbsp;&nbsp;&nbsp;174579 |
| F&G Annuities & Life, Inc. (B) | &nbsp;&nbsp;3983 | &nbsp;&nbsp;&nbsp;&nbsp;122876 |
| Fidelis Insurance Holdings, Ltd. | 10249 | &nbsp;&nbsp;&nbsp;&nbsp;200573 |
| Genworth Financial, Inc. (A) | 73666 | &nbsp;&nbsp;&nbsp;&nbsp;665204 |
| Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;4385 | &nbsp;&nbsp;&nbsp;&nbsp;322955 |
| Greenlight Capital Re, Ltd., Class A (A) | &nbsp;&nbsp;5078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74037 |
| Hamilton Insurance Group, Ltd., Class B (A) | &nbsp;&nbsp;8188 | &nbsp;&nbsp;&nbsp;&nbsp;228445 |
| HCI Group, Inc. | &nbsp;&nbsp;1972 | &nbsp;&nbsp;&nbsp;&nbsp;378013 |
| Heritage Insurance Holdings, Inc. (A) | &nbsp;&nbsp;4507 | &nbsp;&nbsp;&nbsp;&nbsp;131875 |
| Hippo Holdings, Inc. (A) | &nbsp;&nbsp;3298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99204 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;7478 | &nbsp;&nbsp;&nbsp;&nbsp;345334 |
| Investors Title Company | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62410 |
| James River Group Holdings, Inc. (B) | &nbsp;&nbsp;7270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46237 |
| Kingstone Companies, Inc. (B) | &nbsp;&nbsp;2059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34653 |
| Kingsway Financial Services, Inc. (A)(B) | &nbsp;&nbsp;4225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56826 |
| Lemonade, Inc. (A)(B) | 11119 | &nbsp;&nbsp;&nbsp;&nbsp;791450 |
| MBIA, Inc. (A) | &nbsp;&nbsp;8716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62407 |
| Mercury General Corp. | &nbsp;&nbsp;4916 | &nbsp;&nbsp;&nbsp;&nbsp;462399 |
| Octave Specialty Group, Inc. (A) | &nbsp;&nbsp;7606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59175 |
| Oscar Health, Inc., Class A (A) | 36371 | &nbsp;&nbsp;&nbsp;&nbsp;522651 |
| Palomar Holdings, Inc. (A) | &nbsp;&nbsp;4838 | &nbsp;&nbsp;&nbsp;&nbsp;651969 |
| ProAssurance Corp. (A) | &nbsp;&nbsp;9281 | &nbsp;&nbsp;&nbsp;&nbsp;224229 |
| Root, Inc., Class A (A)(B) | &nbsp;&nbsp;2256 | &nbsp;&nbsp;&nbsp;&nbsp;162951 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;&nbsp;207085 |
| Selective Insurance Group, Inc. | 11124 | &nbsp;&nbsp;&nbsp;&nbsp;930745 |
| SelectQuote, Inc. (A) | 27539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38830 |
| SiriusPoint, Ltd. (A) | 18890 | &nbsp;&nbsp;&nbsp;&nbsp;413502 |
| Skyward Specialty Insurance Group, Inc. (A) | &nbsp;&nbsp;6556 | &nbsp;&nbsp;&nbsp;&nbsp;335077 |
| Slide Insurance Holdings, Inc. (A) | &nbsp;&nbsp;5042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98218 |
| Stewart Information Services Corp. | &nbsp;&nbsp;5111 | &nbsp;&nbsp;&nbsp;&nbsp;359099 |
| The Baldwin Insurance Group, Inc. (A)(B) | 13199 | &nbsp;&nbsp;&nbsp;&nbsp;317172 |
| Tiptree, Inc. | &nbsp;&nbsp;4507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82343 |
| Trupanion, Inc. (A) | &nbsp;&nbsp;6815 | &nbsp;&nbsp;&nbsp;&nbsp;254677 |
| United Fire Group, Inc. | &nbsp;&nbsp;3815 | &nbsp;&nbsp;&nbsp;&nbsp;138675 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;4568 | &nbsp;&nbsp;&nbsp;&nbsp;154398 |
|  |  | 10643134 |
| **Mortgage real estate investment trusts – 0.8%** | **Mortgage real estate investment trusts – 0.8%** |  |
| ACRES Commercial Realty Corp. (A) | &nbsp;&nbsp;1337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28532 |
| Adamas Trust, Inc. | 15054 | &nbsp;&nbsp;&nbsp;&nbsp;109894 |
| Angel Oak Mortgage REIT, Inc. | &nbsp;&nbsp;2851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24547 |
| Apollo Commercial Real Estate Finance, Inc. | 25142 | &nbsp;&nbsp;&nbsp;&nbsp;243375 |
| Arbor Realty Trust, Inc. | 35689 | &nbsp;&nbsp;&nbsp;&nbsp;276947 |
| Ares Commercial Real Estate Corp. | 10152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48527 |
| ARMOUR Residential REIT, Inc. | 20336 | &nbsp;&nbsp;&nbsp;&nbsp;359744 |
| Blackstone Mortgage Trust, Inc., Class A | 28903 | &nbsp;&nbsp;&nbsp;&nbsp;552914 |
| BrightSpire Capital, Inc. | 24487 | &nbsp;&nbsp;&nbsp;&nbsp;137127 |
| Chicago Atlantic Real Estate Finance, Inc. | &nbsp;&nbsp;3473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42579 |
| Chimera Investment Corp. | 14872 | &nbsp;&nbsp;&nbsp;&nbsp;184859 |
| Claros Mortgage Trust, Inc. (A) | 17887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54734 |
| Dynex Capital, Inc. | 26310 | &nbsp;&nbsp;&nbsp;&nbsp;368603 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 90 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Mortgage real estate investment trusts (continued)** | **Mortgage real estate investment trusts (continued)** |  |
| Ellington Financial, Inc. | 17352 | $&nbsp;&nbsp;&nbsp;&nbsp;235640 |
| Franklin BSP Realty Trust, Inc. | 14775 | &nbsp;&nbsp;&nbsp;&nbsp;148193 |
| Invesco Mortgage Capital, Inc. | 12583 | &nbsp;&nbsp;&nbsp;&nbsp;105823 |
| KKR Real Estate Finance Trust, Inc. | 10168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83581 |
| Ladder Capital Corp. | 21328 | &nbsp;&nbsp;&nbsp;&nbsp;234395 |
| MFA Financial, Inc. | 18141 | &nbsp;&nbsp;&nbsp;&nbsp;168893 |
| Nexpoint Real Estate Finance, Inc. | &nbsp;&nbsp;1734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24415 |
| Orchid Island Capital, Inc. | 27064 | &nbsp;&nbsp;&nbsp;&nbsp;194861 |
| PennyMac Mortgage Investment Trust | 15570 | &nbsp;&nbsp;&nbsp;&nbsp;195404 |
| Ready Capital Corp. | 29317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63911 |
| Redwood Trust, Inc. | 23502 | &nbsp;&nbsp;&nbsp;&nbsp;129966 |
| Rithm Property Trust, Inc. | &nbsp;&nbsp;1588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26329 |
| Seven Hills Realty Trust | &nbsp;&nbsp;5210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46369 |
| Sunrise Realty Trust, Inc. | &nbsp;&nbsp;2202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20765 |
| TPG Mortgage Investment Trust, Inc. | &nbsp;&nbsp;5491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46783 |
| TPG RE Finance Trust, Inc. | 11665 | &nbsp;&nbsp;&nbsp;&nbsp;100436 |
| Two Harbors Investment Corp. | 19209 | &nbsp;&nbsp;&nbsp;&nbsp;201695 |
|  |  | &nbsp;&nbsp;&nbsp;4459841 |
|  |  | 94660414 |
| **Health care – 18.1%** |  |  |
| **Biotechnology – 9.0%** | **Biotechnology – 9.0%** |  |
| 4D Molecular Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;7539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56543 |
| 89Bio, Inc. (A)(B)(C) | 24104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8195 |
| Abeona Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;8266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43562 |
| Absci Corp. (A) | 25267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88182 |
| ACADIA Pharmaceuticals, Inc. (A) | 22847 | &nbsp;&nbsp;&nbsp;&nbsp;610243 |
| ADC Therapeutics SA (A) | 16178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57108 |
| ADMA Biologics, Inc. (A) | 42590 | &nbsp;&nbsp;&nbsp;&nbsp;776842 |
| Aduro Biotech, Inc. (A)(C) | &nbsp;&nbsp;4010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5618 |
| Agios Pharmaceuticals, Inc. (A) | 10446 | &nbsp;&nbsp;&nbsp;&nbsp;284340 |
| Akebia Therapeutics, Inc. (A) | 47347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76229 |
| Akero Therapeutics, Inc. (A)(C) | 13077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8500 |
| Albireo Pharma, Inc. (A)(C) | &nbsp;&nbsp;3774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23210 |
| Aldeyra Therapeutics, Inc. (A)(B) | 10357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53649 |
| Alector, Inc. (A) | 16699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26050 |
| Alkermes PLC (A) | 29799 | &nbsp;&nbsp;&nbsp;&nbsp;833776 |
| Allogene Therapeutics, Inc. (A) | 29583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40529 |
| Altimmune, Inc. (A)(B) | 16737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60421 |
| Amicus Therapeutics, Inc. (A) | 54718 | &nbsp;&nbsp;&nbsp;&nbsp;779184 |
| AnaptysBio, Inc. (A) | &nbsp;&nbsp;3402 | &nbsp;&nbsp;&nbsp;&nbsp;164929 |
| Anavex Life Sciences Corp. (A)(B) | 15766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56127 |
| Anika Therapeutics, Inc. (A) | &nbsp;&nbsp;3581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34413 |
| Annexon, Inc. (A) | 18611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93427 |
| Apogee Therapeutics, Inc. (A) | &nbsp;&nbsp;7081 | &nbsp;&nbsp;&nbsp;&nbsp;534474 |
| Arbutus Biopharma Corp. (A) | 28771 | &nbsp;&nbsp;&nbsp;&nbsp;138389 |
| Arcellx, Inc. (A) | &nbsp;&nbsp;6323 | &nbsp;&nbsp;&nbsp;&nbsp;412260 |
| Arcturus Therapeutics Holdings, Inc. (A)(B) | &nbsp;&nbsp;4943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30301 |
| Arcus Biosciences, Inc. (A) | 14522 | &nbsp;&nbsp;&nbsp;&nbsp;346059 |
| Arcutis Biotherapeutics, Inc. (A) | 20242 | &nbsp;&nbsp;&nbsp;&nbsp;587828 |
| Ardelyx, Inc. (A) | 44224 | &nbsp;&nbsp;&nbsp;&nbsp;257826 |
| ArriVent Biopharma, Inc. (A)(B) | &nbsp;&nbsp;5682 | &nbsp;&nbsp;&nbsp;&nbsp;114322 |
| Arrowhead Pharmaceuticals, Inc. (A) | 24377 | &nbsp;&nbsp;&nbsp;1618389 |
| ARS Pharmaceuticals, Inc. (A)(B) | 10999 | &nbsp;&nbsp;&nbsp;&nbsp;128138 |
| Astria Therapeutics, Inc. (A) | &nbsp;&nbsp;7760 | &nbsp;&nbsp;&nbsp;&nbsp;101578 |
| Aura Biosciences, Inc. (A)(B) | &nbsp;&nbsp;8459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46102 |
| Aurinia Pharmaceuticals, Inc. (A) | 21959 | &nbsp;&nbsp;&nbsp;&nbsp;350246 |
| Avidity Biosciences, Inc. (A) | 21244 | &nbsp;&nbsp;&nbsp;1532330 |
| Beam Therapeutics, Inc. (A)(B) | 17622 | &nbsp;&nbsp;&nbsp;&nbsp;488482 |
| Benitec Biopharma, Inc. (A) | &nbsp;&nbsp;2926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39413 |
| Bicara Therapeutics, Inc. (A) | &nbsp;&nbsp;5872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98826 |
| BioCryst Pharmaceuticals, Inc. (A) | 38592 | &nbsp;&nbsp;&nbsp;&nbsp;301018 |
| Biohaven, Ltd. (A) | 17626 | &nbsp;&nbsp;&nbsp;&nbsp;198998 |
| Blueprint Medicines Corp. (A)(C) | 12182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5604 |
| BridgeBio Pharma, Inc. (A) | 29130 | &nbsp;&nbsp;&nbsp;2228154 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Bright Minds Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;940 | $&nbsp;&nbsp;&nbsp;&nbsp;73358 |
| Candel Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;8231 | &nbsp;&nbsp;&nbsp;&nbsp;46505 |
| Capricor Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;7087 | &nbsp;&nbsp;&nbsp;&nbsp;204531 |
| Cardiff Oncology, Inc. (A)(B) | &nbsp;&nbsp;11845 | &nbsp;&nbsp;&nbsp;&nbsp;33284 |
| CareDx, Inc. (A) | &nbsp;&nbsp;&nbsp;9606 | &nbsp;&nbsp;&nbsp;&nbsp;180977 |
| Catalyst Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;21253 | &nbsp;&nbsp;&nbsp;&nbsp;496045 |
| Celcuity, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;5917 | &nbsp;&nbsp;&nbsp;&nbsp;590162 |
| Celldex Therapeutics, Inc. (A) | &nbsp;&nbsp;12111 | &nbsp;&nbsp;&nbsp;&nbsp;328935 |
| CG Oncology, Inc. (A)(B) | &nbsp;&nbsp;10301 | &nbsp;&nbsp;&nbsp;&nbsp;427698 |
| Chinook Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;12035 | &nbsp;&nbsp;&nbsp;&nbsp;16862 |
| Cidara Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;3599 | &nbsp;&nbsp;&nbsp;&nbsp;794983 |
| Cogent Biosciences, Inc. (A) | &nbsp;&nbsp;25546 | &nbsp;&nbsp;&nbsp;&nbsp;907394 |
| Coherus Oncology, Inc. (A)(B) | &nbsp;&nbsp;20666 | &nbsp;&nbsp;&nbsp;&nbsp;29346 |
| Compass Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;24312 | &nbsp;&nbsp;&nbsp;&nbsp;130555 |
| Corvus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;10504 | &nbsp;&nbsp;&nbsp;&nbsp;80881 |
| CRISPR Therapeutics AG (A) | &nbsp;&nbsp;16019 | &nbsp;&nbsp;&nbsp;&nbsp;840036 |
| Cullinan Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;10247 | &nbsp;&nbsp;&nbsp;&nbsp;106056 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;21471 | 1364267 |
| Day One Biopharmaceuticals, Inc. (A) | &nbsp;&nbsp;14667 | &nbsp;&nbsp;&nbsp;&nbsp;136696 |
| Denali Therapeutics, Inc. (A) | &nbsp;&nbsp;24521 | &nbsp;&nbsp;&nbsp;&nbsp;404842 |
| Design Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4563 | &nbsp;&nbsp;&nbsp;&nbsp;42801 |
| DiaMedica Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;6795 | &nbsp;&nbsp;&nbsp;&nbsp;54088 |
| Dianthus Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4517 | &nbsp;&nbsp;&nbsp;&nbsp;186146 |
| Disc Medicine, Inc. (A) | &nbsp;&nbsp;&nbsp;4603 | &nbsp;&nbsp;&nbsp;&nbsp;365524 |
| Dynavax Technologies Corp. (A)(B) | &nbsp;&nbsp;18568 | &nbsp;&nbsp;&nbsp;&nbsp;285576 |
| Dyne Therapeutics, Inc. (A) | &nbsp;&nbsp;22770 | &nbsp;&nbsp;&nbsp;&nbsp;445381 |
| Editas Medicine, Inc. (A)(B) | &nbsp;&nbsp;17367 | &nbsp;&nbsp;&nbsp;&nbsp;35602 |
| Emergent BioSolutions, Inc. (A) | &nbsp;&nbsp;&nbsp;9583 | &nbsp;&nbsp;&nbsp;&nbsp;118446 |
| Enanta Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;5103 | &nbsp;&nbsp;&nbsp;&nbsp;80474 |
| Entrada Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5613 | &nbsp;&nbsp;&nbsp;&nbsp;57702 |
| Erasca, Inc. (A) | &nbsp;&nbsp;32609 | &nbsp;&nbsp;&nbsp;&nbsp;121305 |
| Fate Therapeutics, Inc. (A) | &nbsp;&nbsp;21651 | &nbsp;&nbsp;&nbsp;&nbsp;21274 |
| Fennec Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;4848 | &nbsp;&nbsp;&nbsp;&nbsp;37330 |
| Geron Corp. (A)(B) | 102344 | &nbsp;&nbsp;&nbsp;&nbsp;135094 |
| Gossamer Bio, Inc. (A)(B) | &nbsp;&nbsp;35606 | &nbsp;&nbsp;&nbsp;&nbsp;110379 |
| GRAIL, Inc. (A) | &nbsp;&nbsp;&nbsp;6461 | &nbsp;&nbsp;&nbsp;&nbsp;552997 |
| Heron Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;29488 | &nbsp;&nbsp;&nbsp;&nbsp;38334 |
| Humacyte, Inc. (A)(B) | &nbsp;&nbsp;29616 | &nbsp;&nbsp;&nbsp;&nbsp;28446 |
| Icosavax, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;6029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1869 |
| Ideaya Biosciences, Inc. (A) | &nbsp;&nbsp;14840 | &nbsp;&nbsp;&nbsp;&nbsp;513019 |
| ImmunityBio, Inc. (A)(B) | &nbsp;&nbsp;54926 | &nbsp;&nbsp;&nbsp;&nbsp;108753 |
| Immunome, Inc. (A)(B) | &nbsp;&nbsp;17276 | &nbsp;&nbsp;&nbsp;&nbsp;371088 |
| Immunovant, Inc. (A)(B) | &nbsp;&nbsp;12995 | &nbsp;&nbsp;&nbsp;&nbsp;330333 |
| Inhibrx Biosciences, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;1651 | &nbsp;&nbsp;&nbsp;&nbsp;130429 |
| Inhibrx, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;6820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4297 |
| Intellia Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;19236 | &nbsp;&nbsp;&nbsp;&nbsp;172932 |
| Iovance Biotherapeutics, Inc. (A) | &nbsp;&nbsp;56861 | &nbsp;&nbsp;&nbsp;&nbsp;155231 |
| Ironwood Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;29546 | &nbsp;&nbsp;&nbsp;&nbsp;99570 |
| iTeos Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;5923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 |
| Jade Biosciences, Inc. | &nbsp;&nbsp;&nbsp;8617 | &nbsp;&nbsp;&nbsp;&nbsp;132960 |
| Janux Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;7974 | &nbsp;&nbsp;&nbsp;&nbsp;110041 |
| KalVista Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;7150 | &nbsp;&nbsp;&nbsp;&nbsp;115473 |
| Keros Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5396 | &nbsp;&nbsp;&nbsp;&nbsp;109863 |
| Kodiak Sciences, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;5971 | &nbsp;&nbsp;&nbsp;&nbsp;166949 |
| Krystal Biotech, Inc. (A) | &nbsp;&nbsp;&nbsp;4550 | 1121757 |
| Kura Oncology, Inc. (A) | &nbsp;&nbsp;14820 | &nbsp;&nbsp;&nbsp;&nbsp;153980 |
| Kymera Therapeutics, Inc. (A) | &nbsp;&nbsp;10378 | &nbsp;&nbsp;&nbsp;&nbsp;807512 |
| Larimar Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;9367 | &nbsp;&nbsp;&nbsp;&nbsp;35688 |
| Lexeo Therapeutics, Inc. (A) | &nbsp;&nbsp;11679 | &nbsp;&nbsp;&nbsp;&nbsp;115972 |
| Madrigal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;3414 | 1988109 |
| MannKind Corp. (A) | &nbsp;&nbsp;56023 | &nbsp;&nbsp;&nbsp;&nbsp;317650 |
| MapLight Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;3202 | &nbsp;&nbsp;&nbsp;&nbsp;56243 |
| MeiraGTx Holdings PLC (A)(B) | &nbsp;&nbsp;&nbsp;8744 | &nbsp;&nbsp;&nbsp;&nbsp;69515 |
| Merrimack Pharmaceuticals, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 |
| MiMedx Group, Inc. (A) | &nbsp;&nbsp;22316 | &nbsp;&nbsp;&nbsp;&nbsp;151079 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 91 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Mineralys Therapeutics, Inc. (A) | &nbsp;&nbsp;8616 | $&nbsp;&nbsp;&nbsp;&nbsp;312675 |
| Mirum Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;7536 | &nbsp;&nbsp;&nbsp;&nbsp;595269 |
| Monopar Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;847 | &nbsp;&nbsp;&nbsp;&nbsp;55309 |
| Monte Rosa Therapeutics, Inc. (A) | &nbsp;&nbsp;8639 | &nbsp;&nbsp;&nbsp;&nbsp;135460 |
| Myriad Genetics, Inc. (A) | 17022 | &nbsp;&nbsp;&nbsp;&nbsp;104685 |
| Neurogene, Inc. (A)(B) | &nbsp;&nbsp;1853 | &nbsp;&nbsp;&nbsp;&nbsp;38172 |
| Novavax, Inc. (A)(B) | 27243 | &nbsp;&nbsp;&nbsp;&nbsp;183073 |
| Nurix Therapeutics, Inc. (A) | 18518 | &nbsp;&nbsp;&nbsp;&nbsp;351286 |
| Nuvalent, Inc., Class A (A) | &nbsp;&nbsp;9205 | &nbsp;&nbsp;&nbsp;&nbsp;925931 |
| Olema Pharmaceuticals, Inc. (A) | 10958 | &nbsp;&nbsp;&nbsp;&nbsp;273950 |
| Organogenesis Holdings, Inc. (A) | 12782 | &nbsp;&nbsp;&nbsp;&nbsp;66211 |
| ORIC Pharmaceuticals, Inc. (A)(B) | 12329 | &nbsp;&nbsp;&nbsp;&nbsp;100851 |
| Oruka Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;7140 | &nbsp;&nbsp;&nbsp;&nbsp;216413 |
| Palvella Therapeutics, Inc. (A) | &nbsp;&nbsp;1343 | &nbsp;&nbsp;&nbsp;&nbsp;140572 |
| PDL BioPharma, Inc. (A)(B)(C) | 28581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4573 |
| Perspective Therapeutics, Inc. (A) | 11489 | &nbsp;&nbsp;&nbsp;&nbsp;31595 |
| Praxis Precision Medicines, Inc. (A) | &nbsp;&nbsp;4137 | 1219339 |
| Precigen, Inc. (A)(B) | 33274 | &nbsp;&nbsp;&nbsp;&nbsp;139085 |
| Prime Medicine, Inc. (A) | 18582 | &nbsp;&nbsp;&nbsp;&nbsp;64480 |
| Protagonist Therapeutics, Inc. (A) | 10695 | &nbsp;&nbsp;&nbsp;&nbsp;934101 |
| Protalix BioTherapeutics, Inc. (A)(B) | 12507 | &nbsp;&nbsp;&nbsp;&nbsp;22513 |
| Protara Therapeutics, Inc. (A) | &nbsp;&nbsp;6724 | &nbsp;&nbsp;&nbsp;&nbsp;35839 |
| Prothena Corp. PLC (A) | &nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp;&nbsp;79265 |
| PTC Therapeutics, Inc. (A) | 14262 | 1083342 |
| Puma Biotechnology, Inc. (A) | &nbsp;&nbsp;8139 | &nbsp;&nbsp;&nbsp;&nbsp;48427 |
| Recursion Pharmaceuticals, Inc., Class A (A) | 70133 | &nbsp;&nbsp;&nbsp;&nbsp;286844 |
| REGENXBIO, Inc. (A) | &nbsp;&nbsp;8708 | &nbsp;&nbsp;&nbsp;&nbsp;125395 |
| Regulus Therapeutics, Inc. (A)(C) | 12077 | &nbsp;&nbsp;&nbsp;&nbsp;14009 |
| Relay Therapeutics, Inc. (A) | 26135 | &nbsp;&nbsp;&nbsp;&nbsp;221102 |
| Replimune Group, Inc. (A)(B) | 12802 | &nbsp;&nbsp;&nbsp;&nbsp;124435 |
| Rezolute, Inc. (A) | 15648 | &nbsp;&nbsp;&nbsp;&nbsp;36929 |
| Rhythm Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;9722 | 1040643 |
| Rigel Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3174 | &nbsp;&nbsp;&nbsp;&nbsp;135942 |
| Rocket Pharmaceuticals, Inc. (A)(B) | 16638 | &nbsp;&nbsp;&nbsp;&nbsp;58399 |
| Sage Therapeutics, Inc. (A)(C) | 11117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001 |
| Sana Biotechnology, Inc. (A) | 30621 | &nbsp;&nbsp;&nbsp;&nbsp;124627 |
| Savara, Inc. (A) | 26432 | &nbsp;&nbsp;&nbsp;&nbsp;159385 |
| Scholar Rock Holding Corp. (A) | 15097 | &nbsp;&nbsp;&nbsp;&nbsp;665023 |
| SELLAS Life Sciences Group, Inc. (A)(B) | 23123 | &nbsp;&nbsp;&nbsp;&nbsp;87174 |
| Sionna Therapeutics, Inc. (A) | &nbsp;&nbsp;2973 | &nbsp;&nbsp;&nbsp;&nbsp;122309 |
| Soleno Therapeutics, Inc. (A) | &nbsp;&nbsp;8598 | &nbsp;&nbsp;&nbsp;&nbsp;398087 |
| Solid Biosciences, Inc. (A) | 11011 | &nbsp;&nbsp;&nbsp;&nbsp;62102 |
| Spyre Therapeutics, Inc. (A)(B) | 12707 | &nbsp;&nbsp;&nbsp;&nbsp;416281 |
| Stoke Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;8251 | &nbsp;&nbsp;&nbsp;&nbsp;261887 |
| Syndax Pharmaceuticals, Inc. (A)(B) | 15690 | &nbsp;&nbsp;&nbsp;&nbsp;329647 |
| Synergy Pharmaceuticals, Inc. (A)(C) | 80513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233 |
| Tango Therapeutics, Inc. (A) | 19635 | &nbsp;&nbsp;&nbsp;&nbsp;173966 |
| Taysha Gene Therapies, Inc. (A) | 40897 | &nbsp;&nbsp;&nbsp;&nbsp;224934 |
| Tectonic Therapeutic, Inc. (A)(B) | &nbsp;&nbsp;2117 | &nbsp;&nbsp;&nbsp;&nbsp;44161 |
| TG Therapeutics, Inc. (A) | 26696 | &nbsp;&nbsp;&nbsp;&nbsp;795808 |
| Tonix Pharmaceuticals Holding Corp. (A) | &nbsp;&nbsp;2158 | &nbsp;&nbsp;&nbsp;&nbsp;33708 |
| Travere Therapeutics, Inc. (A) | 15159 | &nbsp;&nbsp;&nbsp;&nbsp;579225 |
| Twist Bioscience Corp. (A) | 11035 | &nbsp;&nbsp;&nbsp;&nbsp;350030 |
| Tyra Biosciences, Inc. (A) | &nbsp;&nbsp;4846 | &nbsp;&nbsp;&nbsp;&nbsp;127401 |
| Upstream Bio, Inc. (A)(B) | &nbsp;&nbsp;6008 | &nbsp;&nbsp;&nbsp;&nbsp;163117 |
| UroGen Pharma, Ltd. (A) | &nbsp;&nbsp;6704 | &nbsp;&nbsp;&nbsp;&nbsp;157008 |
| Vanda Pharmaceuticals, Inc. (A) | 10653 | &nbsp;&nbsp;&nbsp;&nbsp;93959 |
| Vaxcyte, Inc. (A) | 21075 | &nbsp;&nbsp;&nbsp;&nbsp;972401 |
| Vera Therapeutics, Inc. (A) | 10225 | &nbsp;&nbsp;&nbsp;&nbsp;517794 |
| Veracyte, Inc. (A) | 14419 | &nbsp;&nbsp;&nbsp;&nbsp;607040 |
| Verastem, Inc. (A) | &nbsp;&nbsp;9874 | &nbsp;&nbsp;&nbsp;&nbsp;76227 |
| Vericel Corp. (A) | &nbsp;&nbsp;9314 | &nbsp;&nbsp;&nbsp;&nbsp;335397 |
| Verve Therapeutics, Inc. (A)(C) | 13147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283 |
| Vir Biotechnology, Inc. (A) | 16866 | &nbsp;&nbsp;&nbsp;&nbsp;101702 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Viridian Therapeutics, Inc. (A) | 14723 | $&nbsp;&nbsp;&nbsp;&nbsp;458180 |
| Voyager Therapeutics, Inc. (A) | &nbsp;&nbsp;9528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37445 |
| Xencor, Inc. (A) | 12956 | &nbsp;&nbsp;&nbsp;&nbsp;198356 |
| Xenon Pharmaceuticals, Inc. (A) | 14064 | &nbsp;&nbsp;&nbsp;&nbsp;630348 |
| XOMA Royalty Corp. (A)(B) | &nbsp;&nbsp;1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49723 |
| Zenas Biopharma, Inc. (A)(B) | &nbsp;&nbsp;3494 | &nbsp;&nbsp;&nbsp;&nbsp;126867 |
| Zymeworks, Inc. (A) | &nbsp;&nbsp;9258 | &nbsp;&nbsp;&nbsp;&nbsp;243763 |
|  |  | 49932833 |
| **Health care equipment and supplies – 2.6%** | **Health care equipment and supplies – 2.6%** |  |
| Alphatec Holdings, Inc. (A) | 21521 | &nbsp;&nbsp;&nbsp;&nbsp;452802 |
| AngioDynamics, Inc. (A) | &nbsp;&nbsp;7408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95119 |
| Artivion, Inc. (A) | &nbsp;&nbsp;7827 | &nbsp;&nbsp;&nbsp;&nbsp;356989 |
| AtriCure, Inc. (A) | &nbsp;&nbsp;8992 | &nbsp;&nbsp;&nbsp;&nbsp;355724 |
| Avanos Medical, Inc. (A) | &nbsp;&nbsp;9113 | &nbsp;&nbsp;&nbsp;&nbsp;102339 |
| Axogen, Inc. (A) | &nbsp;&nbsp;8202 | &nbsp;&nbsp;&nbsp;&nbsp;268451 |
| Beta Bionics, Inc. (A) | &nbsp;&nbsp;7194 | &nbsp;&nbsp;&nbsp;&nbsp;219201 |
| Bioventus, Inc., Class A (A)(B) | &nbsp;&nbsp;9170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68225 |
| Butterfly Network, Inc. (A)(B) | 36322 | &nbsp;&nbsp;&nbsp;&nbsp;138024 |
| Ceribell, Inc. (A) | &nbsp;&nbsp;5201 | &nbsp;&nbsp;&nbsp;&nbsp;114058 |
| Cerus Corp. (A) | 36317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74813 |
| ClearPoint Neuro, Inc. (A)(B) | &nbsp;&nbsp;4954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67771 |
| CONMED Corp. | &nbsp;&nbsp;5779 | &nbsp;&nbsp;&nbsp;&nbsp;234627 |
| CVRx, Inc. (A)(B) | &nbsp;&nbsp;3276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23260 |
| Delcath Systems, Inc. (A)(B) | &nbsp;&nbsp;5684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57408 |
| Electromed, Inc. (A) | &nbsp;&nbsp;1392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40535 |
| Embecta Corp. | 10902 | &nbsp;&nbsp;&nbsp;&nbsp;129516 |
| Enovis Corp. (A) | 10653 | &nbsp;&nbsp;&nbsp;&nbsp;283796 |
| Glaukos Corp. (A) | 10294 | &nbsp;&nbsp;&nbsp;1162296 |
| Haemonetics Corp. (A) | &nbsp;&nbsp;8880 | &nbsp;&nbsp;&nbsp;&nbsp;711732 |
| ICU Medical, Inc. (A) | &nbsp;&nbsp;4461 | &nbsp;&nbsp;&nbsp;&nbsp;636451 |
| Inogen, Inc. (A) | &nbsp;&nbsp;4921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33069 |
| Integer Holdings Corp. (A) | &nbsp;&nbsp;6438 | &nbsp;&nbsp;&nbsp;&nbsp;504932 |
| Integra LifeSciences Holdings Corp. (A) | 12630 | &nbsp;&nbsp;&nbsp;&nbsp;156865 |
| iRadimed Corp. | &nbsp;&nbsp;1570 | &nbsp;&nbsp;&nbsp;&nbsp;152730 |
| iRhythm Technologies, Inc. (A) | &nbsp;&nbsp;5862 | &nbsp;&nbsp;&nbsp;1040153 |
| Kestra Medical Technologies, Ltd. (A)(B) | &nbsp;&nbsp;3705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98257 |
| Lantheus Holdings, Inc. (A) | 12338 | &nbsp;&nbsp;&nbsp;&nbsp;821094 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;3904 | &nbsp;&nbsp;&nbsp;&nbsp;316614 |
| LivaNova PLC (A) | 10067 | &nbsp;&nbsp;&nbsp;&nbsp;619423 |
| Merit Medical Systems, Inc. (A) | 10804 | &nbsp;&nbsp;&nbsp;&nbsp;952265 |
| Neogen Corp. (A) | 40595 | &nbsp;&nbsp;&nbsp;&nbsp;283759 |
| NeuroPace, Inc. (A) | &nbsp;&nbsp;4823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74467 |
| Novocure, Ltd. (A) | 18864 | &nbsp;&nbsp;&nbsp;&nbsp;243912 |
| Omnicell, Inc. (A) | &nbsp;&nbsp;8448 | &nbsp;&nbsp;&nbsp;&nbsp;382694 |
| OraSure Technologies, Inc. (A) | 16542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40032 |
| Orthofix Medical, Inc. (A) | &nbsp;&nbsp;7678 | &nbsp;&nbsp;&nbsp;&nbsp;116398 |
| OrthoPediatrics Corp. (A)(B) | &nbsp;&nbsp;3478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61769 |
| Paragon 28, Inc. (A)(B)(C) | &nbsp;&nbsp;9242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832 |
| PROCEPT BioRobotics Corp. (A) | &nbsp;&nbsp;9916 | &nbsp;&nbsp;&nbsp;&nbsp;311957 |
| Pulse Biosciences, Inc. (A)(B) | &nbsp;&nbsp;3473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47684 |
| QuidelOrtho Corp. (A) | 12555 | &nbsp;&nbsp;&nbsp;&nbsp;358571 |
| RxSight, Inc. (A) | &nbsp;&nbsp;6629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69074 |
| SANUWAVE Health, Inc. (A) | &nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42373 |
| Semler Scientific, Inc. (A)(B) | &nbsp;&nbsp;2608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39876 |
| SI-BONE, Inc. (A) | &nbsp;&nbsp;7216 | &nbsp;&nbsp;&nbsp;&nbsp;142300 |
| Sight Sciences, Inc. (A) | &nbsp;&nbsp;7949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63036 |
| STAAR Surgical Company (A) | &nbsp;&nbsp;9226 | &nbsp;&nbsp;&nbsp;&nbsp;213028 |
| Stereotaxis, Inc. (A)(B) | 13424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30875 |
| Tactile Systems Technology, Inc. (A) | &nbsp;&nbsp;4132 | &nbsp;&nbsp;&nbsp;&nbsp;119828 |
| Tandem Diabetes Care, Inc. (A) | 12534 | &nbsp;&nbsp;&nbsp;&nbsp;275497 |
| TransMedics Group, Inc. (A)(B) | &nbsp;&nbsp;6174 | &nbsp;&nbsp;&nbsp;&nbsp;751067 |
| Treace Medical Concepts, Inc. (A) | 10269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25159 |
| UFP Technologies, Inc. (A) | &nbsp;&nbsp;1392 | &nbsp;&nbsp;&nbsp;&nbsp;309066 |
| Utah Medical Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33408 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 92 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| Varex Imaging Corp. (A) | &nbsp;&nbsp;7768 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90497 |
|  |  | 14415698 |
| **Health care providers and services – 3.2%** | **Health care providers and services – 3.2%** |  |
| AdaptHealth Corp. (A) | 18640 | &nbsp;&nbsp;&nbsp;&nbsp;185654 |
| Addus HomeCare Corp. (A) | &nbsp;&nbsp;3349 | &nbsp;&nbsp;&nbsp;&nbsp;359649 |
| agilon health, Inc. (A) | 59279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40825 |
| Alignment Healthcare, Inc. (A) | 31196 | &nbsp;&nbsp;&nbsp;&nbsp;616121 |
| AMN Healthcare Services, Inc. (A) | &nbsp;&nbsp;7144 | &nbsp;&nbsp;&nbsp;&nbsp;112589 |
| Ardent Health, Inc. (A)(B) | &nbsp;&nbsp;4684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41360 |
| Astrana Health, Inc. (A) | &nbsp;&nbsp;7518 | &nbsp;&nbsp;&nbsp;&nbsp;186522 |
| Aveanna Healthcare Holdings, Inc. (A) | 12942 | &nbsp;&nbsp;&nbsp;&nbsp;105736 |
| BrightSpring Health Services, Inc. (A) | 20420 | &nbsp;&nbsp;&nbsp;&nbsp;764729 |
| Brookdale Senior Living, Inc. (A) | 42541 | &nbsp;&nbsp;&nbsp;&nbsp;459017 |
| Castle Biosciences, Inc. (A) | &nbsp;&nbsp;5215 | &nbsp;&nbsp;&nbsp;&nbsp;202864 |
| Clover Health Investments Corp. (A)(B) | 75571 | &nbsp;&nbsp;&nbsp;&nbsp;177592 |
| Community Health Systems, Inc. (A) | 23973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74796 |
| Concentra Group Holdings Parent, Inc. | 21660 | &nbsp;&nbsp;&nbsp;&nbsp;426269 |
| CorVel Corp. (A) | &nbsp;&nbsp;5462 | &nbsp;&nbsp;&nbsp;&nbsp;369614 |
| Cross Country Healthcare, Inc. (A) | &nbsp;&nbsp;6157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49872 |
| Enhabit, Inc. (A) | &nbsp;&nbsp;9237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85165 |
| Fulgent Genetics, Inc. (A) | &nbsp;&nbsp;3843 | &nbsp;&nbsp;&nbsp;&nbsp;100956 |
| GeneDx Holdings Corp. (A) | &nbsp;&nbsp;3477 | &nbsp;&nbsp;&nbsp;&nbsp;452219 |
| Guardant Health, Inc. (A) | 22312 | &nbsp;&nbsp;&nbsp;2278948 |
| Guardian Pharmacy Services, Inc., Class A (A) | &nbsp;&nbsp;4202 | &nbsp;&nbsp;&nbsp;&nbsp;126438 |
| HealthEquity, Inc. (A) | 15673 | &nbsp;&nbsp;&nbsp;1435804 |
| Hims & Hers Health, Inc. (A)(B) | 37680 | &nbsp;&nbsp;&nbsp;1223470 |
| LifeStance Health Group, Inc. (A) | 31114 | &nbsp;&nbsp;&nbsp;&nbsp;219043 |
| Nano-X Imaging, Ltd. (A) | 12576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35213 |
| National HealthCare Corp. | &nbsp;&nbsp;2361 | &nbsp;&nbsp;&nbsp;&nbsp;323669 |
| National Research Corp. | &nbsp;&nbsp;2237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41988 |
| NeoGenomics, Inc. (A) | 23833 | &nbsp;&nbsp;&nbsp;&nbsp;280276 |
| Nutex Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;104204 |
| Omada Health, Inc. (A) | &nbsp;&nbsp;1869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29493 |
| OPKO Health, Inc. (A) | 79604 | &nbsp;&nbsp;&nbsp;&nbsp;100301 |
| Option Care Health, Inc. (A) | 29356 | &nbsp;&nbsp;&nbsp;&nbsp;935282 |
| Owens & Minor, Inc. (A) | 14654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41031 |
| PACS Group, Inc. (A) | &nbsp;&nbsp;8125 | &nbsp;&nbsp;&nbsp;&nbsp;311919 |
| Pediatrix Medical Group, Inc. (A) | 15966 | &nbsp;&nbsp;&nbsp;&nbsp;341513 |
| Privia Health Group, Inc. (A) | 21587 | &nbsp;&nbsp;&nbsp;&nbsp;511828 |
| Progyny, Inc. (A) | 13826 | &nbsp;&nbsp;&nbsp;&nbsp;355052 |
| RadNet, Inc. (A) | 12556 | &nbsp;&nbsp;&nbsp;&nbsp;895871 |
| Select Medical Holdings Corp. | 20010 | &nbsp;&nbsp;&nbsp;&nbsp;297149 |
| Sonida Senior Living, Inc. (A) | &nbsp;&nbsp;1062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34632 |
| Strata Critical Medical, Inc. (A)(B) | 12902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62059 |
| Surgery Partners, Inc. (A) | 14242 | &nbsp;&nbsp;&nbsp;&nbsp;220039 |
| Talkspace, Inc. (A)(B) | 27132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98489 |
| The Ensign Group, Inc. | 10297 | &nbsp;&nbsp;&nbsp;1793737 |
| The Joint Corp. (A)(B) | &nbsp;&nbsp;2421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21111 |
| The Oncology Institute, Inc. (A) | 13093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46611 |
| The Pennant Group, Inc. (A) | &nbsp;&nbsp;6251 | &nbsp;&nbsp;&nbsp;&nbsp;175966 |
| US Physical Therapy, Inc. | &nbsp;&nbsp;2772 | &nbsp;&nbsp;&nbsp;&nbsp;216465 |
| Viemed Healthcare, Inc. (A) | &nbsp;&nbsp;6762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50242 |
|  |  | 17419392 |
| **Health care technology – 0.3%** | **Health care technology – 0.3%** |  |
| Claritev Corp. (A) | &nbsp;&nbsp;1418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60620 |
| Evolent Health, Inc., Class A (A) | 22161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88644 |
| Health Catalyst, Inc. (A)(B) | 14268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34101 |
| HealthStream, Inc. | &nbsp;&nbsp;4738 | &nbsp;&nbsp;&nbsp;&nbsp;109306 |
| HeartFlow, Inc. (A) | &nbsp;&nbsp;3710 | &nbsp;&nbsp;&nbsp;&nbsp;108147 |
| LifeMD, Inc. (A)(B) | &nbsp;&nbsp;7900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26939 |
| OptimizeRx Corp. (A) | &nbsp;&nbsp;3060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37516 |
| Phreesia, Inc. (A) | 10749 | &nbsp;&nbsp;&nbsp;&nbsp;181873 |
| Schrodinger, Inc. (A)(B) | 10410 | &nbsp;&nbsp;&nbsp;&nbsp;186131 |
| Simulations Plus, Inc. (A) | &nbsp;&nbsp;3188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58117 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care technology (continued)** | **Health care technology (continued)** |  |
| Teladoc Health, Inc. (A)(B) | 33093 | $&nbsp;&nbsp;&nbsp;&nbsp;231651 |
| TruBridge, Inc. (A) | &nbsp;&nbsp;2027 | &nbsp;&nbsp;&nbsp;&nbsp;44736 |
| Waystar Holding Corp. (A) | 20343 | &nbsp;&nbsp;&nbsp;&nbsp;666233 |
|  |  | 1834014 |
| **Life sciences tools and services – 0.4%** | **Life sciences tools and services – 0.4%** |  |
| 10X Genomics, Inc., Class A (A) | 20443 | &nbsp;&nbsp;&nbsp;&nbsp;333425 |
| Adaptive Biotechnologies Corp. (A) | 27499 | &nbsp;&nbsp;&nbsp;&nbsp;446584 |
| Azenta, Inc. (A) | &nbsp;&nbsp;7543 | &nbsp;&nbsp;&nbsp;&nbsp;250880 |
| BioLife Solutions, Inc. (A) | &nbsp;&nbsp;7645 | &nbsp;&nbsp;&nbsp;&nbsp;184856 |
| Codexis, Inc. (A)(B) | 20033 | &nbsp;&nbsp;&nbsp;&nbsp;32654 |
| CryoPort, Inc. (A) | &nbsp;&nbsp;9164 | &nbsp;&nbsp;&nbsp;&nbsp;87974 |
| Cytek Biosciences, Inc. (A)(B) | 21885 | &nbsp;&nbsp;&nbsp;&nbsp;110519 |
| Fortrea Holdings, Inc. (A) | 16838 | &nbsp;&nbsp;&nbsp;&nbsp;290456 |
| Ginkgo Bioworks Holdings, Inc. (A) | &nbsp;&nbsp;7967 | &nbsp;&nbsp;&nbsp;&nbsp;66206 |
| Lifecore Biomedical, Inc. (A) | &nbsp;&nbsp;5448 | &nbsp;&nbsp;&nbsp;&nbsp;44565 |
| Maravai LifeSciences Holdings, Inc., Class A (A) | 20708 | &nbsp;&nbsp;&nbsp;&nbsp;67301 |
| MaxCyte, Inc. (A) | 20954 | &nbsp;&nbsp;&nbsp;&nbsp;32479 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;&nbsp;78343 |
| Niagen Bioscience, Inc. (A)(B) | &nbsp;&nbsp;9813 | &nbsp;&nbsp;&nbsp;&nbsp;62411 |
| OmniAb, Inc. (A) | 20239 | &nbsp;&nbsp;&nbsp;&nbsp;37442 |
| OmniAb, Inc., $12.50 Earnout Shares (A) | &nbsp;&nbsp;1176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892 |
| OmniAb, Inc., $15.00 Earnout Shares (A) | &nbsp;&nbsp;1176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767 |
| Pacific Biosciences of California, Inc. (A) | 51062 | &nbsp;&nbsp;&nbsp;&nbsp;95486 |
| Personalis, Inc. (A)(B) | &nbsp;&nbsp;9285 | &nbsp;&nbsp;&nbsp;&nbsp;73909 |
| Quanterix Corp. (A) | &nbsp;&nbsp;8773 | &nbsp;&nbsp;&nbsp;&nbsp;55796 |
| Quantum-Si, Inc. (A) | 29366 | &nbsp;&nbsp;&nbsp;&nbsp;32303 |
| Standard BioTools, Inc. (A) | 56617 | &nbsp;&nbsp;&nbsp;&nbsp;72470 |
|  |  | 2457718 |
| **Pharmaceuticals – 2.6%** | **Pharmaceuticals – 2.6%** |  |
| Aardvark Therapeutics, Inc. (A) | &nbsp;&nbsp;2435 | &nbsp;&nbsp;&nbsp;&nbsp;31959 |
| Aclaris Therapeutics, Inc. (A) | 17552 | &nbsp;&nbsp;&nbsp;&nbsp;52832 |
| Alumis, Inc. (A) | 10463 | &nbsp;&nbsp;&nbsp;&nbsp;102119 |
| Amneal Pharmaceuticals, Inc. (A) | 27938 | &nbsp;&nbsp;&nbsp;&nbsp;352019 |
| Amphastar Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;6716 | &nbsp;&nbsp;&nbsp;&nbsp;179854 |
| Amylyx Pharmaceuticals, Inc. (A) | 16406 | &nbsp;&nbsp;&nbsp;&nbsp;198184 |
| ANI Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3316 | &nbsp;&nbsp;&nbsp;&nbsp;261765 |
| Aquestive Therapeutics, Inc. (A)(B) | 19358 | &nbsp;&nbsp;&nbsp;&nbsp;125053 |
| Arvinas, Inc. (A) | 12202 | &nbsp;&nbsp;&nbsp;&nbsp;144716 |
| Atea Pharmaceuticals, Inc. (A)(B) | 14067 | &nbsp;&nbsp;&nbsp;&nbsp;50219 |
| Avadel Pharmaceuticals PLC (A) | 16419 | &nbsp;&nbsp;&nbsp;&nbsp;353829 |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;7525 | 1374366 |
| BioAge Labs, Inc. (A) | &nbsp;&nbsp;4498 | &nbsp;&nbsp;&nbsp;&nbsp;59509 |
| Collegium Pharmaceutical, Inc. (A) | &nbsp;&nbsp;5766 | &nbsp;&nbsp;&nbsp;&nbsp;266966 |
| CorMedix, Inc. (A)(B) | 13655 | &nbsp;&nbsp;&nbsp;&nbsp;158808 |
| Crinetics Pharmaceuticals, Inc. (A) | 16674 | &nbsp;&nbsp;&nbsp;&nbsp;776175 |
| Edgewise Therapeutics, Inc. (A)(B) | 12428 | &nbsp;&nbsp;&nbsp;&nbsp;308401 |
| Enliven Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;7363 | &nbsp;&nbsp;&nbsp;&nbsp;113390 |
| Esperion Therapeutics, Inc. (A) | 43118 | &nbsp;&nbsp;&nbsp;&nbsp;159537 |
| Eton Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;4811 | &nbsp;&nbsp;&nbsp;&nbsp;81354 |
| Evolus, Inc. (A) | &nbsp;&nbsp;9857 | &nbsp;&nbsp;&nbsp;&nbsp;65549 |
| EyePoint, Inc. (A) | 13956 | &nbsp;&nbsp;&nbsp;&nbsp;254976 |
| Fulcrum Therapeutics, Inc. (A) | &nbsp;&nbsp;7787 | &nbsp;&nbsp;&nbsp;&nbsp;88071 |
| Harmony Biosciences Holdings, Inc. (A) | &nbsp;&nbsp;8047 | &nbsp;&nbsp;&nbsp;&nbsp;301119 |
| Harrow, Inc. (A)(B) | &nbsp;&nbsp;5809 | &nbsp;&nbsp;&nbsp;&nbsp;284641 |
| Indivior PLC (A) | 22277 | &nbsp;&nbsp;&nbsp;&nbsp;799299 |
| Innoviva, Inc. (A) | 11472 | &nbsp;&nbsp;&nbsp;&nbsp;229325 |
| LB Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3670 | &nbsp;&nbsp;&nbsp;&nbsp;81694 |
| LENZ Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;3046 | &nbsp;&nbsp;&nbsp;&nbsp;48736 |
| Ligand Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3554 | &nbsp;&nbsp;&nbsp;&nbsp;671955 |
| Liquidia Corp. (A)(B) | 11808 | &nbsp;&nbsp;&nbsp;&nbsp;407258 |
| Maze Therapeutics, Inc. (A) | &nbsp;&nbsp;3972 | &nbsp;&nbsp;&nbsp;&nbsp;164560 |
| MBX Biosciences, Inc. (A) | &nbsp;&nbsp;5252 | &nbsp;&nbsp;&nbsp;&nbsp;165648 |
| MediWound, Ltd. (A)(B) | &nbsp;&nbsp;1990 | &nbsp;&nbsp;&nbsp;&nbsp;36735 |
| Mind Medicine MindMed, Inc. (A) | 17409 | &nbsp;&nbsp;&nbsp;&nbsp;233107 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 93 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |  |
| Nuvation Bio, Inc. (A)(B) | &nbsp;&nbsp;44382 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397663 |
| Ocular Therapeutix, Inc. (A) | &nbsp;&nbsp;34294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416329 |
| Omeros Corp. (A)(B) | &nbsp;&nbsp;12190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209363 |
| Pacira BioSciences, Inc. (A) | &nbsp;&nbsp;&nbsp;8216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212630 |
| Phathom Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;7343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121820 |
| Phibro Animal Health Corp., Class A | &nbsp;&nbsp;&nbsp;3773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140959 |
| Poseida Therapeutics, Inc. (A)(B)(C) | &nbsp;&nbsp;13765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6883 |
| Prestige Consumer Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;9078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560022 |
| Rapport Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160559 |
| Septerna, Inc. (A) | &nbsp;&nbsp;&nbsp;3970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110684 |
| SIGA Technologies, Inc. | &nbsp;&nbsp;&nbsp;7701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47053 |
| Supernus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;9915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492776 |
| Tarsus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;7199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589454 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;15758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636623 |
| Theravance Biopharma, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;7150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133777 |
| Third Harmonic Bio, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;5239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 |
| Trevi Therapeutics, Inc. (A) | &nbsp;&nbsp;16879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211325 |
| WaVe Life Sciences, Ltd. (A) | &nbsp;&nbsp;21352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362984 |
| Xeris Biopharma Holdings, Inc. (A) | &nbsp;&nbsp;28064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220302 |
| Zevra Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;10360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92826 |
|  |  | &nbsp;&nbsp;&nbsp;14107917 |
|  |  | 100167572 |
| **Industrials – 16.7%** |  |  |
| **Aerospace and defense – 1.8%** | **Aerospace and defense – 1.8%** |  |
| AAR Corp. (A) | &nbsp;&nbsp;&nbsp;7194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595591 |
| AeroVironment, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;6948 | &nbsp;&nbsp;&nbsp;&nbsp;1680652 |
| AerSale Corp. (A) | &nbsp;&nbsp;&nbsp;6138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43641 |
| Archer Aviation, Inc., Class A (A)(B) | 115730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870290 |
| Astronics Corp. (A) | &nbsp;&nbsp;&nbsp;5634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305588 |
| Byrna Technologies, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;3367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56532 |
| Cadre Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;5235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213797 |
| Ducommun, Inc. (A) | &nbsp;&nbsp;&nbsp;2536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241250 |
| Eve Holding, Inc. (A)(B) | &nbsp;&nbsp;18129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72335 |
| Firefly Aerospace, Inc. (A) | &nbsp;&nbsp;&nbsp;4005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89592 |
| Intuitive Machines, Inc. (A)(B) | &nbsp;&nbsp;20130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326710 |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;30619 | &nbsp;&nbsp;&nbsp;&nbsp;2324288 |
| Mercury Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;9559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697903 |
| Moog, Inc., Class A | &nbsp;&nbsp;&nbsp;5161 | &nbsp;&nbsp;&nbsp;&nbsp;1256962 |
| National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103877 |
| Park Aerospace Corp. | &nbsp;&nbsp;&nbsp;3556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75885 |
| Redwire Corp. (A) | &nbsp;&nbsp;13595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103322 |
| Satellogic, Inc., Class A (A) | &nbsp;&nbsp;16098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30103 |
| V2X, Inc. (A) | &nbsp;&nbsp;&nbsp;4270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232929 |
| Voyager Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68800 |
| VSE Corp. | &nbsp;&nbsp;&nbsp;4217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728571 |
|  |  | &nbsp;&nbsp;&nbsp;10118618 |
| **Air freight and logistics – 0.1%** | **Air freight and logistics – 0.1%** |  |
| Forward Air Corp. (A)(B) | &nbsp;&nbsp;&nbsp;3992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99800 |
| Hub Group, Inc., Class A | &nbsp;&nbsp;11047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470713 |
| Radiant Logistics, Inc. (A) | &nbsp;&nbsp;&nbsp;7843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49646 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620159 |
| **Building products – 1.4%** | **Building products – 1.4%** |  |
| American Woodmark Corp. (A) | &nbsp;&nbsp;&nbsp;2601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140194 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;3947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143710 |
| AZZ, Inc. | &nbsp;&nbsp;&nbsp;5427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581666 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;2995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879122 |
| Gibraltar Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;5501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271969 |
| Griffon Corp. | &nbsp;&nbsp;&nbsp;7031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517833 |
| Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;3470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109895 |
| Janus International Group, Inc. (A) | &nbsp;&nbsp;24953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163193 |
| JELD-WEN Holding, Inc. (A) | &nbsp;&nbsp;16725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41144 |
| Masterbrand, Inc. (A) | &nbsp;&nbsp;23394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258270 |
| Modine Manufacturing Company (A) | &nbsp;&nbsp;&nbsp;9625 | &nbsp;&nbsp;&nbsp;&nbsp;1285034 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Building products (continued)** | **Building products (continued)** |  |
| Quanex Building Products Corp. | &nbsp;&nbsp;8591 | $&nbsp;&nbsp;&nbsp;&nbsp;132130 |
| Resideo Technologies, Inc. (A) | 23763 | &nbsp;&nbsp;&nbsp;&nbsp;834557 |
| Tecnoglass, Inc. | &nbsp;&nbsp;5015 | &nbsp;&nbsp;&nbsp;&nbsp;252355 |
| UFP Industries, Inc. | 10646 | &nbsp;&nbsp;&nbsp;&nbsp;969318 |
| Zurn Elkay Water Solutions Corp. | 27560 | &nbsp;&nbsp;&nbsp;1281264 |
|  |  | &nbsp;&nbsp;&nbsp;7861654 |
| **Commercial services and supplies – 1.4%** | **Commercial services and supplies – 1.4%** |  |
| ABM Industries, Inc. | 11222 | &nbsp;&nbsp;&nbsp;&nbsp;474691 |
| ACCO Brands Corp. | 16938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63179 |
| ACV Auctions, Inc., Class A (A) | 31174 | &nbsp;&nbsp;&nbsp;&nbsp;250015 |
| BrightView Holdings, Inc. (A) | 13574 | &nbsp;&nbsp;&nbsp;&nbsp;171983 |
| Casella Waste Systems, Inc., Class A (A) | 11566 | &nbsp;&nbsp;&nbsp;1132774 |
| Cimpress PLC (A) | &nbsp;&nbsp;3233 | &nbsp;&nbsp;&nbsp;&nbsp;215285 |
| CoreCivic, Inc. (A) | 19415 | &nbsp;&nbsp;&nbsp;&nbsp;371021 |
| Deluxe Corp. | &nbsp;&nbsp;8115 | &nbsp;&nbsp;&nbsp;&nbsp;181208 |
| Ennis, Inc. | &nbsp;&nbsp;4452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80181 |
| Enviri Corp. (A) | 13978 | &nbsp;&nbsp;&nbsp;&nbsp;250486 |
| Healthcare Services Group, Inc. (A) | 12960 | &nbsp;&nbsp;&nbsp;&nbsp;247795 |
| HNI Corp. | 11708 | &nbsp;&nbsp;&nbsp;&nbsp;492204 |
| Interface, Inc. | 10725 | &nbsp;&nbsp;&nbsp;&nbsp;299442 |
| Liquidity Services, Inc. (A) | &nbsp;&nbsp;4334 | &nbsp;&nbsp;&nbsp;&nbsp;131364 |
| MillerKnoll, Inc. | 12575 | &nbsp;&nbsp;&nbsp;&nbsp;229871 |
| Montrose Environmental Group, Inc. (A) | &nbsp;&nbsp;6106 | &nbsp;&nbsp;&nbsp;&nbsp;151612 |
| OPENLANE, Inc. (A) | 19351 | &nbsp;&nbsp;&nbsp;&nbsp;576273 |
| Perma-Fix Environmental Services, Inc. (A)(B) | &nbsp;&nbsp;3367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42391 |
| Pitney Bowes, Inc. | 29626 | &nbsp;&nbsp;&nbsp;&nbsp;313147 |
| Quad/Graphics, Inc. | &nbsp;&nbsp;5824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36516 |
| The Brink's Company | &nbsp;&nbsp;7725 | &nbsp;&nbsp;&nbsp;&nbsp;901739 |
| The GEO Group, Inc. (A) | 24862 | &nbsp;&nbsp;&nbsp;&nbsp;400775 |
| UniFirst Corp. | &nbsp;&nbsp;2706 | &nbsp;&nbsp;&nbsp;&nbsp;521987 |
| Vestis Corp. (B) | 21060 | &nbsp;&nbsp;&nbsp;&nbsp;140470 |
|  |  | &nbsp;&nbsp;&nbsp;7676409 |
| **Construction and engineering – 2.3%** | **Construction and engineering – 2.3%** |  |
| Ameresco, Inc., Class A (A) | &nbsp;&nbsp;5870 | &nbsp;&nbsp;&nbsp;&nbsp;171932 |
| Arcosa, Inc. | &nbsp;&nbsp;8936 | &nbsp;&nbsp;&nbsp;&nbsp;950076 |
| Argan, Inc. | &nbsp;&nbsp;2465 | &nbsp;&nbsp;&nbsp;&nbsp;772334 |
| Bowman Consulting Group, Ltd. (A) | &nbsp;&nbsp;2661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87866 |
| Centuri Holdings, Inc. (A) | 14499 | &nbsp;&nbsp;&nbsp;&nbsp;366100 |
| Concrete Pumping Holdings, Inc. | &nbsp;&nbsp;4733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31758 |
| Construction Partners, Inc., Class A (A) | &nbsp;&nbsp;8635 | &nbsp;&nbsp;&nbsp;&nbsp;937329 |
| Dycom Industries, Inc. (A) | &nbsp;&nbsp;5143 | &nbsp;&nbsp;&nbsp;1737820 |
| Fluor Corp. (A) | 29556 | &nbsp;&nbsp;&nbsp;1171304 |
| Granite Construction, Inc. (B) | &nbsp;&nbsp;7999 | &nbsp;&nbsp;&nbsp;&nbsp;922685 |
| Great Lakes Dredge & Dock Corp. (A) | 12430 | &nbsp;&nbsp;&nbsp;&nbsp;163082 |
| IES Holdings, Inc. (A) | &nbsp;&nbsp;1664 | &nbsp;&nbsp;&nbsp;&nbsp;647329 |
| Legence Corp., Class A (A) | &nbsp;&nbsp;6851 | &nbsp;&nbsp;&nbsp;&nbsp;294867 |
| Limbach Holdings, Inc. (A) | &nbsp;&nbsp;1971 | &nbsp;&nbsp;&nbsp;&nbsp;153442 |
| Matrix Service Company (A) | &nbsp;&nbsp;5403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63215 |
| MYR Group, Inc. (A) | &nbsp;&nbsp;2833 | &nbsp;&nbsp;&nbsp;&nbsp;619011 |
| NWPX Infrastructure, Inc. (A) | &nbsp;&nbsp;1744 | &nbsp;&nbsp;&nbsp;&nbsp;108983 |
| Orion Group Holdings, Inc. (A) | &nbsp;&nbsp;7105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70624 |
| Primoris Services Corp. | &nbsp;&nbsp;9926 | &nbsp;&nbsp;&nbsp;1232214 |
| Sterling Infrastructure, Inc. (A) | &nbsp;&nbsp;5478 | &nbsp;&nbsp;&nbsp;1677528 |
| Tutor Perini Corp. | &nbsp;&nbsp;8179 | &nbsp;&nbsp;&nbsp;&nbsp;548157 |
|  |  | 12727656 |
| **Electrical equipment – 2.3%** | **Electrical equipment – 2.3%** |  |
| Allient, Inc. | &nbsp;&nbsp;2605 | &nbsp;&nbsp;&nbsp;&nbsp;140019 |
| American Superconductor Corp. (A) | &nbsp;&nbsp;8023 | &nbsp;&nbsp;&nbsp;&nbsp;230902 |
| Amprius Technologies, Inc. (A) | 20305 | &nbsp;&nbsp;&nbsp;&nbsp;160206 |
| Array Technologies, Inc. (A)(B) | 27944 | &nbsp;&nbsp;&nbsp;&nbsp;257644 |
| Atkore, Inc. | &nbsp;&nbsp;6192 | &nbsp;&nbsp;&nbsp;&nbsp;391644 |
| Bloom Energy Corp., Class A (A) | 40153 | &nbsp;&nbsp;&nbsp;3488894 |
| EnerSys | &nbsp;&nbsp;6828 | &nbsp;&nbsp;&nbsp;1002009 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 94 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electrical equipment (continued)** | **Electrical equipment (continued)** |  |
| Enovix Corp. (A)(B) | &nbsp;&nbsp;31174 | $&nbsp;&nbsp;&nbsp;&nbsp;227882 |
| Eos Energy Enterprises, Inc. (A)(B) | &nbsp;&nbsp;56743 | &nbsp;&nbsp;&nbsp;&nbsp;650275 |
| Fluence Energy, Inc. (A) | &nbsp;&nbsp;11750 | &nbsp;&nbsp;&nbsp;&nbsp;232415 |
| Hyliion Holdings Corp. (A) | &nbsp;&nbsp;24142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44421 |
| KULR Technology Group, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;7383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21854 |
| LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;5281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96748 |
| NANO Nuclear Energy, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;7362 | &nbsp;&nbsp;&nbsp;&nbsp;176762 |
| Nextpower, Inc., Class A (A) | &nbsp;&nbsp;26803 | &nbsp;&nbsp;&nbsp;2334809 |
| NuScale Power Corp. (A) | &nbsp;&nbsp;23315 | &nbsp;&nbsp;&nbsp;&nbsp;330374 |
| Plug Power, Inc. (A)(B) | 207366 | &nbsp;&nbsp;&nbsp;&nbsp;408511 |
| Powell Industries, Inc. (B) | &nbsp;&nbsp;&nbsp;1754 | &nbsp;&nbsp;&nbsp;&nbsp;559140 |
| Power Solutions International, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;1578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90167 |
| Preformed Line Products Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98807 |
| Shoals Technologies Group, Inc., Class A (A) | &nbsp;&nbsp;30933 | &nbsp;&nbsp;&nbsp;&nbsp;262931 |
| SKYX Platforms Corp. (A) | &nbsp;&nbsp;14817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32153 |
| SunPower Corp. (A)(C) | &nbsp;&nbsp;18631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| SunPower, Inc. (A)(B) | &nbsp;&nbsp;12167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19102 |
| Sunrun, Inc. (A) | &nbsp;&nbsp;41093 | &nbsp;&nbsp;&nbsp;&nbsp;756111 |
| T1 Energy, Inc. (A)(B) | &nbsp;&nbsp;24593 | &nbsp;&nbsp;&nbsp;&nbsp;164281 |
| Thermon Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6069 | &nbsp;&nbsp;&nbsp;&nbsp;225524 |
| Vicor Corp. (A) | &nbsp;&nbsp;&nbsp;4235 | &nbsp;&nbsp;&nbsp;&nbsp;464156 |
|  |  | 12867741 |
| **Ground transportation – 0.3%** | **Ground transportation – 0.3%** |  |
| ArcBest Corp. | &nbsp;&nbsp;&nbsp;4208 | &nbsp;&nbsp;&nbsp;&nbsp;312192 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp;3018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66517 |
| FTAI Infrastructure, Inc. (B) | &nbsp;&nbsp;20664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95261 |
| Heartland Express, Inc. | &nbsp;&nbsp;&nbsp;8497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76728 |
| Hertz Global Holdings, Inc. (A)(B) | &nbsp;&nbsp;21359 | &nbsp;&nbsp;&nbsp;&nbsp;109785 |
| Marten Transport, Ltd. | &nbsp;&nbsp;11354 | &nbsp;&nbsp;&nbsp;&nbsp;129209 |
| Proficient Auto Logistics, Inc. (A) | &nbsp;&nbsp;&nbsp;4710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45404 |
| RXO, Inc. (A) | &nbsp;&nbsp;30062 | &nbsp;&nbsp;&nbsp;&nbsp;379984 |
| Universal Logistics Holdings, Inc. (B) | &nbsp;&nbsp;&nbsp;1382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20993 |
| Werner Enterprises, Inc. | &nbsp;&nbsp;11050 | &nbsp;&nbsp;&nbsp;&nbsp;331611 |
|  |  | &nbsp;&nbsp;&nbsp;1567684 |
| **Industrial conglomerates – 0.0%** | **Industrial conglomerates – 0.0%** |  |
| Brookfield Business Corp., Class A (B) | &nbsp;&nbsp;&nbsp;4424 | &nbsp;&nbsp;&nbsp;&nbsp;158733 |
| **Machinery – 3.7%** | **Machinery – 3.7%** |  |
| 3D Systems Corp. (A) | &nbsp;&nbsp;22333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39529 |
| Aebi Schmidt Holding AG | &nbsp;&nbsp;&nbsp;7182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90852 |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;1899 | &nbsp;&nbsp;&nbsp;&nbsp;318785 |
| Albany International Corp., Class A | &nbsp;&nbsp;&nbsp;5512 | &nbsp;&nbsp;&nbsp;&nbsp;279458 |
| Alliance Laundry Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8274 | &nbsp;&nbsp;&nbsp;&nbsp;168376 |
| Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;4175 | &nbsp;&nbsp;&nbsp;&nbsp;180861 |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;15272 | &nbsp;&nbsp;&nbsp;&nbsp;792770 |
| Blue Bird Corp. (A) | &nbsp;&nbsp;&nbsp;5814 | &nbsp;&nbsp;&nbsp;&nbsp;273258 |
| CECO Environmental Corp. (A) | &nbsp;&nbsp;&nbsp;5390 | &nbsp;&nbsp;&nbsp;&nbsp;322592 |
| Chart Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;8293 | &nbsp;&nbsp;&nbsp;1710265 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;&nbsp;5435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93754 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;4103 | &nbsp;&nbsp;&nbsp;&nbsp;133963 |
| Energy Recovery, Inc. (A) | &nbsp;&nbsp;&nbsp;9646 | &nbsp;&nbsp;&nbsp;&nbsp;130125 |
| Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;9838 | &nbsp;&nbsp;&nbsp;&nbsp;376205 |
| Enpro, Inc. | &nbsp;&nbsp;&nbsp;3877 | &nbsp;&nbsp;&nbsp;&nbsp;830182 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;4762 | &nbsp;&nbsp;&nbsp;&nbsp;930447 |
| Federal Signal Corp. | &nbsp;&nbsp;11027 | &nbsp;&nbsp;&nbsp;1197422 |
| Franklin Electric Company, Inc. | &nbsp;&nbsp;&nbsp;7154 | &nbsp;&nbsp;&nbsp;&nbsp;683422 |
| Gencor Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;2346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30404 |
| Graham Corp. (A) | &nbsp;&nbsp;&nbsp;1927 | &nbsp;&nbsp;&nbsp;&nbsp;123771 |
| Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp;6113 | &nbsp;&nbsp;&nbsp;&nbsp;326984 |
| Hillenbrand, Inc. | &nbsp;&nbsp;13007 | &nbsp;&nbsp;&nbsp;&nbsp;412582 |
| Hillman Solutions Corp. (A) | &nbsp;&nbsp;37051 | &nbsp;&nbsp;&nbsp;&nbsp;320862 |
| Hyster-Yale, Inc. | &nbsp;&nbsp;&nbsp;2284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67858 |
| JBT Marel Corp. | &nbsp;&nbsp;&nbsp;9587 | &nbsp;&nbsp;&nbsp;1444473 |
| Kadant, Inc. | &nbsp;&nbsp;&nbsp;2165 | &nbsp;&nbsp;&nbsp;&nbsp;617068 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| Kennametal, Inc. | 13921 | $&nbsp;&nbsp;&nbsp;&nbsp;395496 |
| LB Foster Company, Class A (A) | &nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47998 |
| Lindsay Corp. | &nbsp;&nbsp;1993 | &nbsp;&nbsp;&nbsp;&nbsp;234915 |
| Luxfer Holdings PLC | &nbsp;&nbsp;5341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72264 |
| Mayville Engineering Company, Inc. (A)(B) | &nbsp;&nbsp;2556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47848 |
| Microvast Holdings, Inc. (A)(B) | 36680 | &nbsp;&nbsp;&nbsp;&nbsp;102704 |
| Miller Industries, Inc. | &nbsp;&nbsp;2136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79822 |
| Mueller Water Products, Inc., Class A | 28629 | &nbsp;&nbsp;&nbsp;&nbsp;681943 |
| Omega Flex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26908 |
| Palladyne AI Corp. (A)(B) | &nbsp;&nbsp;5705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24303 |
| Park-Ohio Holdings Corp. | &nbsp;&nbsp;1859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38927 |
| Proto Labs, Inc. (A) | &nbsp;&nbsp;4375 | &nbsp;&nbsp;&nbsp;&nbsp;221331 |
| REV Group, Inc. | &nbsp;&nbsp;8898 | &nbsp;&nbsp;&nbsp;&nbsp;541087 |
| Richtech Robotics, Inc., Class B (A) | 28182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91028 |
| SPX Technologies, Inc. (A) | &nbsp;&nbsp;8850 | &nbsp;&nbsp;&nbsp;1770531 |
| Standex International Corp. | &nbsp;&nbsp;2208 | &nbsp;&nbsp;&nbsp;&nbsp;479754 |
| Tennant Company | &nbsp;&nbsp;3397 | &nbsp;&nbsp;&nbsp;&nbsp;250359 |
| Terex Corp. | 11833 | &nbsp;&nbsp;&nbsp;&nbsp;631646 |
| The Gorman-Rupp Company | &nbsp;&nbsp;3979 | &nbsp;&nbsp;&nbsp;&nbsp;189997 |
| The Greenbrier Companies, Inc. | &nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;257070 |
| The Manitowoc Company, Inc. (A) | &nbsp;&nbsp;6495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77875 |
| Titan International, Inc. (A)(B) | &nbsp;&nbsp;9253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72451 |
| Trinity Industries, Inc. | 14831 | &nbsp;&nbsp;&nbsp;&nbsp;392132 |
| Wabash National Corp. | &nbsp;&nbsp;7261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62808 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;5012 | &nbsp;&nbsp;&nbsp;1383412 |
| Worthington Enterprises, Inc. | &nbsp;&nbsp;5829 | &nbsp;&nbsp;&nbsp;&nbsp;300602 |
|  |  | 20371479 |
| **Marine transportation – 0.2%** | **Marine transportation – 0.2%** |  |
| Costamare, Inc. | &nbsp;&nbsp;8050 | &nbsp;&nbsp;&nbsp;&nbsp;127110 |
| Genco Shipping & Trading, Ltd. (B) | &nbsp;&nbsp;5809 | &nbsp;&nbsp;&nbsp;&nbsp;107060 |
| Himalaya Shipping, Ltd. (A)(B) | &nbsp;&nbsp;5291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48148 |
| Matson, Inc. | &nbsp;&nbsp;5780 | &nbsp;&nbsp;&nbsp;&nbsp;714119 |
| Pangaea Logistics Solutions, Ltd. | &nbsp;&nbsp;5918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40716 |
| Safe Bulkers, Inc. | &nbsp;&nbsp;9681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46662 |
|  |  | &nbsp;&nbsp;&nbsp;1083815 |
| **Passenger airlines – 0.5%** | **Passenger airlines – 0.5%** |  |
| Allegiant Travel Company (A) | &nbsp;&nbsp;2653 | &nbsp;&nbsp;&nbsp;&nbsp;226221 |
| Frontier Group Holdings, Inc. (A)(B) | 16025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75478 |
| JetBlue Airways Corp. (A) | 54704 | &nbsp;&nbsp;&nbsp;&nbsp;248903 |
| Joby Aviation, Inc. (A)(B) | 89385 | &nbsp;&nbsp;&nbsp;1179882 |
| SkyWest, Inc. (A) | &nbsp;&nbsp;7403 | &nbsp;&nbsp;&nbsp;&nbsp;743335 |
| Sun Country Airlines Holdings, Inc. (A) | &nbsp;&nbsp;9418 | &nbsp;&nbsp;&nbsp;&nbsp;135525 |
|  |  | &nbsp;&nbsp;&nbsp;2609344 |
| **Professional services – 1.7%** | **Professional services – 1.7%** |  |
| Alight, Inc., Class A | 81211 | &nbsp;&nbsp;&nbsp;&nbsp;158361 |
| Asure Software, Inc. (A) | &nbsp;&nbsp;4722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44481 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;4605 | &nbsp;&nbsp;&nbsp;&nbsp;166747 |
| BlackSky Technology, Inc. (A)(B) | &nbsp;&nbsp;5737 | &nbsp;&nbsp;&nbsp;&nbsp;107569 |
| CBIZ, Inc. (A) | &nbsp;&nbsp;9126 | &nbsp;&nbsp;&nbsp;&nbsp;460407 |
| Conduent, Inc. (A) | 29550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56736 |
| CRA International, Inc. | &nbsp;&nbsp;1179 | &nbsp;&nbsp;&nbsp;&nbsp;236619 |
| CSG Systems International, Inc. | &nbsp;&nbsp;5057 | &nbsp;&nbsp;&nbsp;&nbsp;387821 |
| Exponent, Inc. | &nbsp;&nbsp;9379 | &nbsp;&nbsp;&nbsp;&nbsp;651465 |
| Falcon's Beyond Global, Inc., Class A (A)(B) | &nbsp;&nbsp;2726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40917 |
| First Advantage Corp. (A)(B) | 14903 | &nbsp;&nbsp;&nbsp;&nbsp;216541 |
| Franklin Covey Company (A)(B) | &nbsp;&nbsp;2487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41732 |
| Huron Consulting Group, Inc. (A) | &nbsp;&nbsp;3124 | &nbsp;&nbsp;&nbsp;&nbsp;540171 |
| IBEX Holdings, Ltd. (A) | &nbsp;&nbsp;1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71397 |
| ICF International, Inc. | &nbsp;&nbsp;3387 | &nbsp;&nbsp;&nbsp;&nbsp;288911 |
| Innodata, Inc. (A)(B) | &nbsp;&nbsp;5650 | &nbsp;&nbsp;&nbsp;&nbsp;287868 |
| Insperity, Inc. | &nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp;&nbsp;259424 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;6316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55581 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 95 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** |  |
| Kforce, Inc. | &nbsp;&nbsp;3446 | $&nbsp;&nbsp;&nbsp;&nbsp;106550 |
| Korn Ferry | &nbsp;&nbsp;9586 | &nbsp;&nbsp;&nbsp;&nbsp;632868 |
| Legalzoom.com, Inc. (A) | 23598 | &nbsp;&nbsp;&nbsp;&nbsp;234328 |
| Maximus, Inc. | 10367 | &nbsp;&nbsp;&nbsp;&nbsp;894879 |
| Mistras Group, Inc. (A) | &nbsp;&nbsp;2512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31777 |
| Planet Labs PBC (A) | 43777 | &nbsp;&nbsp;&nbsp;&nbsp;863282 |
| Resolute Holdings Management, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;159777 |
| Resources Connection, Inc. | &nbsp;&nbsp;7143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36001 |
| Spire Global, Inc. (A) | &nbsp;&nbsp;5195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38963 |
| TIC Solutions, Inc. (A)(B) | 36954 | &nbsp;&nbsp;&nbsp;&nbsp;373605 |
| TriNet Group, Inc. | &nbsp;&nbsp;5546 | &nbsp;&nbsp;&nbsp;&nbsp;327935 |
| TrueBlue, Inc. (A) | &nbsp;&nbsp;6205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28233 |
| Upwork, Inc. (A) | 22598 | &nbsp;&nbsp;&nbsp;&nbsp;447892 |
| Verra Mobility Corp. (A) | 29445 | &nbsp;&nbsp;&nbsp;&nbsp;659862 |
| Willdan Group, Inc. (A) | &nbsp;&nbsp;2555 | &nbsp;&nbsp;&nbsp;&nbsp;264851 |
|  |  | &nbsp;&nbsp;&nbsp;9173551 |
| **Trading companies and distributors – 1.0%** | **Trading companies and distributors – 1.0%** |  |
| Alta Equipment Group, Inc. | &nbsp;&nbsp;4499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20695 |
| BlueLinx Holdings, Inc. (A) | &nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87968 |
| Boise Cascade Company | &nbsp;&nbsp;6952 | &nbsp;&nbsp;&nbsp;&nbsp;511667 |
| Custom Truck One Source, Inc. (A) | 11670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67219 |
| Distribution Solutions Group, Inc. (A) | &nbsp;&nbsp;2130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58341 |
| DNOW, Inc. (A) | 34131 | &nbsp;&nbsp;&nbsp;&nbsp;452236 |
| DXP Enterprises, Inc. (A) | &nbsp;&nbsp;2392 | &nbsp;&nbsp;&nbsp;&nbsp;262618 |
| GATX Corp. | &nbsp;&nbsp;6578 | &nbsp;&nbsp;&nbsp;1115629 |
| Global Industrial, Inc. | &nbsp;&nbsp;2959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86462 |
| Herc Holdings, Inc. | &nbsp;&nbsp;6005 | &nbsp;&nbsp;&nbsp;&nbsp;891022 |
| Hudson Technologies, Inc. (A) | &nbsp;&nbsp;7347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50327 |
| Karat Packaging, Inc. | &nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40197 |
| McGrath RentCorp | &nbsp;&nbsp;4558 | &nbsp;&nbsp;&nbsp;&nbsp;478271 |
| NPK International, Inc. (A) | 15241 | &nbsp;&nbsp;&nbsp;&nbsp;181673 |
| Rush Enterprises, Inc., Class A | 11134 | &nbsp;&nbsp;&nbsp;&nbsp;600568 |
| Rush Enterprises, Inc., Class B | &nbsp;&nbsp;1764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99243 |
| Titan Machinery, Inc. (A) | &nbsp;&nbsp;4027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60566 |
| Transcat, Inc. (A) | &nbsp;&nbsp;1712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97122 |
| Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70533 |
| Xometry, Inc., Class A (A)(B) | &nbsp;&nbsp;7993 | &nbsp;&nbsp;&nbsp;&nbsp;475344 |
|  |  | &nbsp;&nbsp;&nbsp;5707701 |
| **Transportation infrastructure – 0.0%** | **Transportation infrastructure – 0.0%** |  |
| Sky Harbour Group Corp. (A)(B) | &nbsp;&nbsp;4393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39405 |
|  |  | 92583949 |
| **Information technology – 14.2%** |  |  |
| **Communications equipment – 0.9%** | **Communications equipment – 0.9%** |  |
| ADTRAN Holdings, Inc. (A) | 13808 | &nbsp;&nbsp;&nbsp;&nbsp;119992 |
| Applied Optoelectronics, Inc. (A)(B) | 11097 | &nbsp;&nbsp;&nbsp;&nbsp;386841 |
| Aviat Networks, Inc. (A) | &nbsp;&nbsp;2183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46673 |
| BK Technologies Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37593 |
| Calix, Inc. (A) | 11056 | &nbsp;&nbsp;&nbsp;&nbsp;585194 |
| Clearfield, Inc. (A) | &nbsp;&nbsp;2173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63343 |
| CommScope Holding Company, Inc. (A) | 40083 | &nbsp;&nbsp;&nbsp;&nbsp;726705 |
| Digi International, Inc. (A) | &nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;292208 |
| Extreme Networks, Inc. (A) | 24311 | &nbsp;&nbsp;&nbsp;&nbsp;404778 |
| Harmonic, Inc. (A) | 20464 | &nbsp;&nbsp;&nbsp;&nbsp;202389 |
| Inseego Corp. (A)(B) | &nbsp;&nbsp;2414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24792 |
| NETGEAR, Inc. (A) | &nbsp;&nbsp;4948 | &nbsp;&nbsp;&nbsp;&nbsp;121374 |
| NetScout Systems, Inc. (A) | 12873 | &nbsp;&nbsp;&nbsp;&nbsp;348343 |
| Ribbon Communications, Inc. (A) | 18512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53315 |
| Viasat, Inc. (A) | 22705 | &nbsp;&nbsp;&nbsp;&nbsp;782414 |
| Viavi Solutions, Inc. (A) | 40593 | &nbsp;&nbsp;&nbsp;&nbsp;723367 |
|  |  | &nbsp;&nbsp;&nbsp;4919321 |
| **Electronic equipment, instruments and components – 3.3%** | **Electronic equipment, instruments and components – 3.3%** |  |
| 908 Devices, Inc. (A) | &nbsp;&nbsp;5346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28067 |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;6909 | &nbsp;&nbsp;&nbsp;1446537 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electronic equipment, instruments and<br> components (continued)** | **Electronic equipment, instruments and<br> components (continued)** |  |
| Aeva Technologies, Inc. (A)(B) | &nbsp;&nbsp;6926 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91977 |
| Arlo Technologies, Inc. (A) | 18281 | &nbsp;&nbsp;&nbsp;&nbsp;255751 |
| Badger Meter, Inc. | &nbsp;&nbsp;5453 | &nbsp;&nbsp;&nbsp;&nbsp;951058 |
| Bel Fuse, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49487 |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;320431 |
| Belden, Inc. | &nbsp;&nbsp;7193 | &nbsp;&nbsp;&nbsp;&nbsp;838344 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;6561 | &nbsp;&nbsp;&nbsp;&nbsp;280548 |
| Climb Global Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74934 |
| CTS Corp. | &nbsp;&nbsp;5357 | &nbsp;&nbsp;&nbsp;&nbsp;229655 |
| Daktronics, Inc. (A) | &nbsp;&nbsp;6983 | &nbsp;&nbsp;&nbsp;&nbsp;138054 |
| ePlus, Inc. | &nbsp;&nbsp;4850 | &nbsp;&nbsp;&nbsp;&nbsp;425345 |
| Evolv Technologies Holdings, Inc. (A) | 28209 | &nbsp;&nbsp;&nbsp;&nbsp;201976 |
| Fabrinet (A) | &nbsp;&nbsp;6633 | &nbsp;&nbsp;&nbsp;3019872 |
| Frequency Electronics, Inc. (A) | &nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66223 |
| Insight Enterprises, Inc. (A) | &nbsp;&nbsp;5395 | &nbsp;&nbsp;&nbsp;&nbsp;439531 |
| Itron, Inc. (A) | &nbsp;&nbsp;8345 | &nbsp;&nbsp;&nbsp;&nbsp;774917 |
| Kimball Electronics, Inc. (A) | &nbsp;&nbsp;4526 | &nbsp;&nbsp;&nbsp;&nbsp;125913 |
| Knowles Corp. (A) | 15660 | &nbsp;&nbsp;&nbsp;&nbsp;335594 |
| Methode Electronics, Inc. | &nbsp;&nbsp;6505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43193 |
| MicroVision, Inc. (A)(B) | 57012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47212 |
| Mirion Technologies, Inc. (A) | 44021 | &nbsp;&nbsp;&nbsp;1030972 |
| M-Tron Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25705 |
| Napco Security Technologies, Inc. | &nbsp;&nbsp;6342 | &nbsp;&nbsp;&nbsp;&nbsp;264461 |
| nLight, Inc. (A) | &nbsp;&nbsp;8530 | &nbsp;&nbsp;&nbsp;&nbsp;319960 |
| Novanta, Inc. (A) | &nbsp;&nbsp;6672 | &nbsp;&nbsp;&nbsp;&nbsp;793901 |
| OSI Systems, Inc. (A) | &nbsp;&nbsp;2973 | &nbsp;&nbsp;&nbsp;&nbsp;758293 |
| Ouster, Inc. (A) | 10054 | &nbsp;&nbsp;&nbsp;&nbsp;217569 |
| PC Connection, Inc. | &nbsp;&nbsp;2122 | &nbsp;&nbsp;&nbsp;&nbsp;122567 |
| Plexus Corp. (A) | &nbsp;&nbsp;4938 | &nbsp;&nbsp;&nbsp;&nbsp;725886 |
| Powerfleet, Inc. (A) | 22957 | &nbsp;&nbsp;&nbsp;&nbsp;122131 |
| Red Cat Holdings, Inc. (A)(B) | 18837 | &nbsp;&nbsp;&nbsp;&nbsp;149377 |
| Rogers Corp. (A) | &nbsp;&nbsp;3327 | &nbsp;&nbsp;&nbsp;&nbsp;304653 |
| Sanmina Corp. (A) | &nbsp;&nbsp;9596 | &nbsp;&nbsp;&nbsp;1440072 |
| ScanSource, Inc. (A) | &nbsp;&nbsp;4033 | &nbsp;&nbsp;&nbsp;&nbsp;157529 |
| TTM Technologies, Inc. (A) | 18768 | &nbsp;&nbsp;&nbsp;1294992 |
| Vishay Intertechnology, Inc. | 22294 | &nbsp;&nbsp;&nbsp;&nbsp;323040 |
| Vishay Precision Group, Inc. (A)(B) | &nbsp;&nbsp;2247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86510 |
| Vuzix Corp. (A)(B) | 12837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48524 |
|  |  | 18370761 |
| **IT services – 0.6%** | **IT services – 0.6%** |  |
| Applied Digital Corp. (A)(B) | 43683 | &nbsp;&nbsp;&nbsp;1071107 |
| ASGN, Inc. (A) | &nbsp;&nbsp;7714 | &nbsp;&nbsp;&nbsp;&nbsp;371583 |
| Backblaze, Inc., Class A (A) | 10646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49610 |
| BigBear.ai Holdings, Inc. (A)(B) | 79728 | &nbsp;&nbsp;&nbsp;&nbsp;430531 |
| Commerce.com, Inc. (A) | 13316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54862 |
| DigitalOcean Holdings, Inc. (A)(B) | 12569 | &nbsp;&nbsp;&nbsp;&nbsp;604820 |
| Fastly, Inc., Class A (A) | 25778 | &nbsp;&nbsp;&nbsp;&nbsp;262420 |
| Grid Dynamics Holdings, Inc. (A) | 12620 | &nbsp;&nbsp;&nbsp;&nbsp;113959 |
| Information Services Group, Inc. | &nbsp;&nbsp;7458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43107 |
| The Hackett Group, Inc. | &nbsp;&nbsp;5070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99524 |
| TSS, Inc. (A)(B) | &nbsp;&nbsp;4175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29517 |
| Unisys Corp. (A) | 13706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37829 |
| VTEX, Class A (A) | 11371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42755 |
| Whitefiber, Inc. (A) | &nbsp;&nbsp;2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32279 |
|  |  | &nbsp;&nbsp;&nbsp;3243903 |
| **Semiconductors and semiconductor equipment – 3.3%** | **Semiconductors and semiconductor equipment – 3.3%** |  |
| ACM Research, Inc., Class A (A) | &nbsp;&nbsp;9288 | &nbsp;&nbsp;&nbsp;&nbsp;366412 |
| Aehr Test Systems (A) | &nbsp;&nbsp;5254 | &nbsp;&nbsp;&nbsp;&nbsp;106078 |
| Aeluma, Inc. (A)(B) | &nbsp;&nbsp;2451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42084 |
| Alpha & Omega Semiconductor, Ltd. (A) | &nbsp;&nbsp;4662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92354 |
| Ambarella, Inc. (A) | &nbsp;&nbsp;7482 | &nbsp;&nbsp;&nbsp;&nbsp;530025 |
| Ambiq Micro, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26562 |
| Axcelis Technologies, Inc. (A) | &nbsp;&nbsp;5699 | &nbsp;&nbsp;&nbsp;&nbsp;457858 |
| Blaize Holdings, Inc. (A)(B) | 14927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29108 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 96 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Semiconductors and semiconductor equipment (continued)** | **Semiconductors and semiconductor equipment (continued)** |  |
| CEVA, Inc. (A) | &nbsp;&nbsp;4360 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93827 |
| Cohu, Inc. (A) | &nbsp;&nbsp;8384 | &nbsp;&nbsp;&nbsp;&nbsp;195096 |
| Credo Technology Group Holding, Ltd. (A) | 28182 | &nbsp;&nbsp;&nbsp;4055069 |
| Diodes, Inc. (A) | &nbsp;&nbsp;8459 | &nbsp;&nbsp;&nbsp;&nbsp;417367 |
| FormFactor, Inc. (A) | 14330 | &nbsp;&nbsp;&nbsp;&nbsp;799327 |
| Ichor Holdings, Ltd. (A) | &nbsp;&nbsp;6374 | &nbsp;&nbsp;&nbsp;&nbsp;117473 |
| Impinj, Inc. (A) | &nbsp;&nbsp;4956 | &nbsp;&nbsp;&nbsp;&nbsp;862394 |
| Indie Semiconductor, Inc., Class A (A) | 36313 | &nbsp;&nbsp;&nbsp;&nbsp;128185 |
| Kopin Corp. (A)(B) | 33181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77644 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;9363 | &nbsp;&nbsp;&nbsp;&nbsp;426578 |
| MaxLinear, Inc. (A) | 15230 | &nbsp;&nbsp;&nbsp;&nbsp;265459 |
| Navitas Semiconductor Corp. (A)(B) | 29404 | &nbsp;&nbsp;&nbsp;&nbsp;209945 |
| NVE Corp. (B) | &nbsp;&nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55830 |
| PDF Solutions, Inc. (A) | &nbsp;&nbsp;5919 | &nbsp;&nbsp;&nbsp;&nbsp;168869 |
| Penguin Solutions, Inc. (A) | &nbsp;&nbsp;9450 | &nbsp;&nbsp;&nbsp;&nbsp;184842 |
| Photronics, Inc. (A) | 10520 | &nbsp;&nbsp;&nbsp;&nbsp;336640 |
| Power Integrations, Inc. | 10346 | &nbsp;&nbsp;&nbsp;&nbsp;367697 |
| Rambus, Inc. (A) | 19818 | &nbsp;&nbsp;&nbsp;1821076 |
| Rigetti Computing, Inc. (A) | 58693 | &nbsp;&nbsp;&nbsp;1300050 |
| Semtech Corp. (A) | 16010 | &nbsp;&nbsp;&nbsp;1179777 |
| Silicon Laboratories, Inc. (A) | &nbsp;&nbsp;5988 | &nbsp;&nbsp;&nbsp;&nbsp;782632 |
| SiTime Corp. (A) | &nbsp;&nbsp;3960 | &nbsp;&nbsp;&nbsp;1398632 |
| SkyWater Technology, Inc. (A)(B) | &nbsp;&nbsp;5603 | &nbsp;&nbsp;&nbsp;&nbsp;101750 |
| Synaptics, Inc. (A) | &nbsp;&nbsp;7087 | &nbsp;&nbsp;&nbsp;&nbsp;524580 |
| Ultra Clean Holdings, Inc. (A) | &nbsp;&nbsp;8254 | &nbsp;&nbsp;&nbsp;&nbsp;209074 |
| Veeco Instruments, Inc. (A) | 10907 | &nbsp;&nbsp;&nbsp;&nbsp;311722 |
|  |  | 18042016 |
| **Software – 5.4%** | **Software – 5.4%** |  |
| 8x8, Inc. (A) | 26172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51559 |
| A10 Networks, Inc. | 13191 | &nbsp;&nbsp;&nbsp;&nbsp;233349 |
| ACI Worldwide, Inc. (A) | 19009 | &nbsp;&nbsp;&nbsp;&nbsp;908820 |
| Adeia, Inc. | 20214 | &nbsp;&nbsp;&nbsp;&nbsp;348692 |
| Agilysys, Inc. (A) | &nbsp;&nbsp;4764 | &nbsp;&nbsp;&nbsp;&nbsp;566154 |
| Alarm.com Holdings, Inc. (A) | &nbsp;&nbsp;8780 | &nbsp;&nbsp;&nbsp;&nbsp;447956 |
| Alkami Technology, Inc. (A)(B) | 12637 | &nbsp;&nbsp;&nbsp;&nbsp;291536 |
| Amplitude, Inc., Class A (A) | 17339 | &nbsp;&nbsp;&nbsp;&nbsp;200786 |
| Appian Corp., Class A (A) | &nbsp;&nbsp;7271 | &nbsp;&nbsp;&nbsp;&nbsp;257539 |
| Arteris, Inc. (A) | &nbsp;&nbsp;5828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90334 |
| Asana, Inc., Class A (A) | 15958 | &nbsp;&nbsp;&nbsp;&nbsp;218784 |
| AvePoint, Inc. (A) | 27334 | &nbsp;&nbsp;&nbsp;&nbsp;379669 |
| Bit Digital, Inc. (A)(B) | 58652 | &nbsp;&nbsp;&nbsp;&nbsp;110852 |
| Bitdeer Technologies Group, Class A (A) | 18184 | &nbsp;&nbsp;&nbsp;&nbsp;203843 |
| Blackbaud, Inc. (A) | &nbsp;&nbsp;7091 | &nbsp;&nbsp;&nbsp;&nbsp;449002 |
| Blackline, Inc. (A) | &nbsp;&nbsp;9557 | &nbsp;&nbsp;&nbsp;&nbsp;528407 |
| Blend Labs, Inc., Class A (A)(B) | 36732 | &nbsp;&nbsp;&nbsp;&nbsp;111665 |
| Box, Inc., Class A (A) | 25752 | &nbsp;&nbsp;&nbsp;&nbsp;770242 |
| Braze, Inc., Class A (A) | 15733 | &nbsp;&nbsp;&nbsp;&nbsp;539485 |
| C3.ai, Inc., Class A (A)(B) | 23246 | &nbsp;&nbsp;&nbsp;&nbsp;313356 |
| Cerence, Inc. (A) | &nbsp;&nbsp;7472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79876 |
| Chaince Digital Holdings, Inc. (A)(B) | &nbsp;&nbsp;7531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37429 |
| Cipher Mining, Inc. (A)(B) | 59616 | &nbsp;&nbsp;&nbsp;&nbsp;879932 |
| CleanSpark, Inc. (A)(B) | 51001 | &nbsp;&nbsp;&nbsp;&nbsp;516130 |
| Clear Secure, Inc., Class A | 15861 | &nbsp;&nbsp;&nbsp;&nbsp;556404 |
| Clearwater Analytics Holdings, Inc., Class A (A) | 51257 | &nbsp;&nbsp;&nbsp;1236319 |
| CommVault Systems, Inc. (A) | &nbsp;&nbsp;8225 | &nbsp;&nbsp;&nbsp;1031086 |
| Consensus Cloud Solutions, Inc. (A) | &nbsp;&nbsp;3415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74515 |
| Core Scientific, Inc. (A) | 53363 | &nbsp;&nbsp;&nbsp;&nbsp;776965 |
| Daily Journal Corp. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;&nbsp;&nbsp;112571 |
| Digimarc Corp. (A)(B) | &nbsp;&nbsp;3471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22770 |
| Digital Turbine, Inc. (A) | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;100000 |
| Domo, Inc., Class B (A) | &nbsp;&nbsp;6357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53590 |
| D-Wave Quantum, Inc. (A) | 61505 | &nbsp;&nbsp;&nbsp;1608356 |
| eGain Corp. (A) | &nbsp;&nbsp;2995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30819 |
| EverCommerce, Inc. (A)(B) | &nbsp;&nbsp;3091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37432 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Five9, Inc. (A) | 14250 | $&nbsp;&nbsp;&nbsp;&nbsp;285713 |
| Freshworks, Inc., Class A (A) | 37020 | &nbsp;&nbsp;&nbsp;&nbsp;453495 |
| Hut 8 Corp. (A)(B) | 17546 | &nbsp;&nbsp;&nbsp;&nbsp;806063 |
| i3 Verticals, Inc., Class A (A)(B) | &nbsp;&nbsp;4391 | &nbsp;&nbsp;&nbsp;&nbsp;110609 |
| Intapp, Inc. (A) | 10508 | &nbsp;&nbsp;&nbsp;&nbsp;481477 |
| InterDigital, Inc. | &nbsp;&nbsp;4754 | &nbsp;&nbsp;&nbsp;1513579 |
| Jamf Holding Corp. (A) | 14517 | &nbsp;&nbsp;&nbsp;&nbsp;188866 |
| Kaltura, Inc. (A) | 18730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30717 |
| Life360, Inc. (A)(B) | &nbsp;&nbsp;3788 | &nbsp;&nbsp;&nbsp;&nbsp;242962 |
| LiveRamp Holdings, Inc. (A) | 11937 | &nbsp;&nbsp;&nbsp;&nbsp;350590 |
| MARA Holdings, Inc. (A)(B) | 68318 | &nbsp;&nbsp;&nbsp;&nbsp;613496 |
| Mitek Systems, Inc. (A) | &nbsp;&nbsp;8349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88082 |
| N-able, Inc. (A) | 14325 | &nbsp;&nbsp;&nbsp;&nbsp;107151 |
| NCR Voyix Corp. (A) | 25611 | &nbsp;&nbsp;&nbsp;&nbsp;261232 |
| NextNav, Inc. (A)(B) | 17542 | &nbsp;&nbsp;&nbsp;&nbsp;291899 |
| ON24, Inc. (A) | &nbsp;&nbsp;6032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48015 |
| OneSpan, Inc. | &nbsp;&nbsp;6747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86631 |
| Ooma, Inc. (A) | &nbsp;&nbsp;5363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62908 |
| Pagaya Technologies, Ltd., Class A (A)(B) | &nbsp;&nbsp;9386 | &nbsp;&nbsp;&nbsp;&nbsp;196167 |
| PagerDuty, Inc. (A) | 16496 | &nbsp;&nbsp;&nbsp;&nbsp;216263 |
| PAR Technology Corp. (A)(B) | &nbsp;&nbsp;7413 | &nbsp;&nbsp;&nbsp;&nbsp;268944 |
| Porch Group, Inc. (A)(B) | 15985 | &nbsp;&nbsp;&nbsp;&nbsp;145943 |
| Progress Software Corp. (A) | &nbsp;&nbsp;7861 | &nbsp;&nbsp;&nbsp;&nbsp;337709 |
| Q2 Holdings, Inc. (A) | 11437 | &nbsp;&nbsp;&nbsp;&nbsp;825294 |
| Qualys, Inc. (A) | &nbsp;&nbsp;6710 | &nbsp;&nbsp;&nbsp;&nbsp;891759 |
| Rapid7, Inc. (A) | 11988 | &nbsp;&nbsp;&nbsp;&nbsp;182218 |
| Red Violet, Inc. | &nbsp;&nbsp;2066 | &nbsp;&nbsp;&nbsp;&nbsp;117659 |
| ReposiTrak, Inc. (B) | &nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28043 |
| Rezolve AI PLC (A)(B) | 33084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85026 |
| Rimini Street, Inc. (A) | &nbsp;&nbsp;9487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36810 |
| Riot Platforms, Inc. (A) | 64066 | &nbsp;&nbsp;&nbsp;&nbsp;811716 |
| SEMrush Holdings, Inc., Class A (A) | &nbsp;&nbsp;9687 | &nbsp;&nbsp;&nbsp;&nbsp;115178 |
| SoundHound AI, Inc., Class A (A)(B) | 69107 | &nbsp;&nbsp;&nbsp;&nbsp;688997 |
| Sprinklr, Inc., Class A (A) | 21174 | &nbsp;&nbsp;&nbsp;&nbsp;164734 |
| Sprout Social, Inc., Class A (A) | &nbsp;&nbsp;9881 | &nbsp;&nbsp;&nbsp;&nbsp;111359 |
| SPS Commerce, Inc. (A) | &nbsp;&nbsp;7047 | &nbsp;&nbsp;&nbsp;&nbsp;628099 |
| Telos Corp. (A) | 10006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51031 |
| Tenable Holdings, Inc. (A) | 22524 | &nbsp;&nbsp;&nbsp;&nbsp;529990 |
| TeraWulf, Inc. (A)(B) | 55730 | &nbsp;&nbsp;&nbsp;&nbsp;640338 |
| Varonis Systems, Inc. (A) | 21525 | &nbsp;&nbsp;&nbsp;&nbsp;706020 |
| Vertex, Inc., Class A (A) | 13043 | &nbsp;&nbsp;&nbsp;&nbsp;260469 |
| Via Transportation, Inc., Class A (A) | &nbsp;&nbsp;2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59325 |
| Viant Technology, Inc., Class A (A) | &nbsp;&nbsp;2889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34784 |
| Weave Communications, Inc. (A) | 11531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87520 |
| Workiva, Inc. (A) | &nbsp;&nbsp;9244 | &nbsp;&nbsp;&nbsp;&nbsp;797295 |
| Xperi, Inc. (A) | &nbsp;&nbsp;8911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52218 |
| Yext, Inc. (A) | 18609 | &nbsp;&nbsp;&nbsp;&nbsp;149989 |
| Zeta Global Holdings Corp., Class A (A) | 34592 | &nbsp;&nbsp;&nbsp;&nbsp;703947 |
|  |  | 30124553 |
| **Technology hardware, storage and peripherals – 0.7%** | **Technology hardware, storage and peripherals – 0.7%** |  |
| CompoSecure, Inc., Class A (A) | 10623 | &nbsp;&nbsp;&nbsp;&nbsp;204811 |
| Corsair Gaming, Inc. (A) | &nbsp;&nbsp;9008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53508 |
| Diebold Nixdorf, Inc. (A) | &nbsp;&nbsp;4566 | &nbsp;&nbsp;&nbsp;&nbsp;309986 |
| Eastman Kodak Company (A) | &nbsp;&nbsp;9034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76428 |
| Immersion Corp. | &nbsp;&nbsp;5262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35782 |
| IonQ, Inc. (A)(B) | 62173 | &nbsp;&nbsp;&nbsp;2789703 |
| Quantum Computing, Inc. (A) | 37043 | &nbsp;&nbsp;&nbsp;&nbsp;380061 |
| Turtle Beach Corp. (A) | &nbsp;&nbsp;3012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42258 |
| Xerox Holdings Corp. (B) | 22338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52941 |
|  |  | &nbsp;&nbsp;&nbsp;3945478 |
|  |  | 78646032 |
| **Materials – 4.3%** |  |  |
| **Chemicals – 1.5%** | **Chemicals – 1.5%** |  |
| AdvanSix, Inc. | &nbsp;&nbsp;4970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85981 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 97 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Chemicals (continued)** | **Chemicals (continued)** |  |
| American Vanguard Corp. (A) | &nbsp;&nbsp;&nbsp;5576 | $&nbsp;&nbsp;&nbsp;&nbsp;21300 |
| Arq, Inc. (A) | &nbsp;&nbsp;&nbsp;6618 | &nbsp;&nbsp;&nbsp;&nbsp;21641 |
| ASP Isotopes, Inc. (A) | &nbsp;&nbsp;17081 | &nbsp;&nbsp;&nbsp;&nbsp;91383 |
| Aspen Aerogels, Inc. (A) | &nbsp;&nbsp;12791 | &nbsp;&nbsp;&nbsp;&nbsp;36199 |
| Avient Corp. | &nbsp;&nbsp;17013 | &nbsp;&nbsp;&nbsp;&nbsp;531486 |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;6033 | &nbsp;&nbsp;&nbsp;&nbsp;925221 |
| Cabot Corp. | &nbsp;&nbsp;&nbsp;9771 | &nbsp;&nbsp;&nbsp;&nbsp;647622 |
| Ecovyst, Inc. (A) | &nbsp;&nbsp;21105 | &nbsp;&nbsp;&nbsp;&nbsp;205352 |
| Flotek Industries, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;&nbsp;45797 |
| Hawkins, Inc. | &nbsp;&nbsp;&nbsp;3598 | &nbsp;&nbsp;&nbsp;&nbsp;511132 |
| HB Fuller Company | &nbsp;&nbsp;10024 | &nbsp;&nbsp;&nbsp;&nbsp;596027 |
| Ingevity Corp. (A) | &nbsp;&nbsp;&nbsp;6725 | &nbsp;&nbsp;&nbsp;&nbsp;397986 |
| Innospec, Inc. | &nbsp;&nbsp;&nbsp;4587 | &nbsp;&nbsp;&nbsp;&nbsp;351089 |
| Intrepid Potash, Inc. (A) | &nbsp;&nbsp;&nbsp;2084 | &nbsp;&nbsp;&nbsp;&nbsp;57789 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;3493 | &nbsp;&nbsp;&nbsp;&nbsp;94590 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;&nbsp;5409 | &nbsp;&nbsp;&nbsp;&nbsp;23908 |
| LSB Industries, Inc. (A) | &nbsp;&nbsp;10238 | &nbsp;&nbsp;&nbsp;&nbsp;87023 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;&nbsp;9814 | &nbsp;&nbsp;&nbsp;&nbsp;119240 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;5850 | &nbsp;&nbsp;&nbsp;&nbsp;356558 |
| Orion SA | &nbsp;&nbsp;11167 | &nbsp;&nbsp;&nbsp;&nbsp;58962 |
| Perimeter Solutions, Inc. (A) | &nbsp;&nbsp;25585 | &nbsp;&nbsp;&nbsp;&nbsp;704355 |
| PureCycle Technologies, Inc. (A)(B) | &nbsp;&nbsp;23882 | &nbsp;&nbsp;&nbsp;&nbsp;205146 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;2528 | &nbsp;&nbsp;&nbsp;&nbsp;347120 |
| Rayonier Advanced Materials, Inc. (A) | &nbsp;&nbsp;12135 | &nbsp;&nbsp;&nbsp;&nbsp;71475 |
| Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;7739 | &nbsp;&nbsp;&nbsp;&nbsp;727079 |
| Stepan Company | &nbsp;&nbsp;&nbsp;3989 | &nbsp;&nbsp;&nbsp;&nbsp;188919 |
| The Chemours Company | &nbsp;&nbsp;27846 | &nbsp;&nbsp;&nbsp;&nbsp;328304 |
| Tronox Holdings PLC | &nbsp;&nbsp;22659 | &nbsp;&nbsp;&nbsp;&nbsp;94488 |
|  |  | 7933172 |
| **Construction materials – 0.2%** | **Construction materials – 0.2%** |  |
| Knife River Corp. (A) | &nbsp;&nbsp;10531 | &nbsp;&nbsp;&nbsp;&nbsp;740856 |
| Titan America SA (A) | &nbsp;&nbsp;&nbsp;4751 | &nbsp;&nbsp;&nbsp;&nbsp;78296 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;2017 | &nbsp;&nbsp;&nbsp;&nbsp;241516 |
|  |  | 1060668 |
| **Containers and packaging – 0.2%** | **Containers and packaging – 0.2%** |  |
| Ardagh Metal Packaging SA | &nbsp;&nbsp;26411 | &nbsp;&nbsp;&nbsp;&nbsp;108285 |
| Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;4516 | &nbsp;&nbsp;&nbsp;&nbsp;305733 |
| Greif, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp;71329 |
| Myers Industries, Inc. | &nbsp;&nbsp;&nbsp;6858 | &nbsp;&nbsp;&nbsp;&nbsp;128382 |
| O-I Glass, Inc. (A) | &nbsp;&nbsp;28197 | &nbsp;&nbsp;&nbsp;&nbsp;416188 |
| Ranpak Holdings Corp. (A)(B) | &nbsp;&nbsp;&nbsp;9116 | &nbsp;&nbsp;&nbsp;&nbsp;49318 |
| TriMas Corp. | &nbsp;&nbsp;&nbsp;5855 | &nbsp;&nbsp;&nbsp;&nbsp;207560 |
|  |  | 1286795 |
| **Metals and mining – 2.3%** | **Metals and mining – 2.3%** |  |
| 1911 Gold Corp. (A)(B) | &nbsp;&nbsp;&nbsp;5045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3261 |
| Alpha Metallurgical Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;2157 | &nbsp;&nbsp;&nbsp;&nbsp;431141 |
| American Battery Technology Company (A)(B) | &nbsp;&nbsp;20861 | &nbsp;&nbsp;&nbsp;&nbsp;69676 |
| Ascent Industries Company (A) | &nbsp;&nbsp;&nbsp;1894 | &nbsp;&nbsp;&nbsp;&nbsp;30664 |
| Caledonia Mining Corp. PLC | &nbsp;&nbsp;&nbsp;3113 | &nbsp;&nbsp;&nbsp;&nbsp;81467 |
| Century Aluminum Company (A) | &nbsp;&nbsp;&nbsp;9719 | &nbsp;&nbsp;&nbsp;&nbsp;380790 |
| Coeur Mining, Inc. (A) | 117611 | 2097004 |
| Commercial Metals Company | &nbsp;&nbsp;20408 | 1412642 |
| Compass Minerals International, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;6404 | &nbsp;&nbsp;&nbsp;&nbsp;125775 |
| Constellium SE (A) | &nbsp;&nbsp;25303 | &nbsp;&nbsp;&nbsp;&nbsp;476962 |
| Contango ORE, Inc. (A) | &nbsp;&nbsp;&nbsp;2098 | &nbsp;&nbsp;&nbsp;&nbsp;55408 |
| Critical Metals Corp. (A)(B) | &nbsp;&nbsp;&nbsp;8370 | &nbsp;&nbsp;&nbsp;&nbsp;58088 |
| Dakota Gold Corp. (A) | &nbsp;&nbsp;17080 | &nbsp;&nbsp;&nbsp;&nbsp;97014 |
| Ferroglobe PLC | &nbsp;&nbsp;22524 | &nbsp;&nbsp;&nbsp;&nbsp;104511 |
| Hecla Mining Company | 116761 | 2240644 |
| Idaho Strategic Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;2650 | &nbsp;&nbsp;&nbsp;&nbsp;106795 |
| Ivanhoe Electric, Inc. (A) | &nbsp;&nbsp;19759 | &nbsp;&nbsp;&nbsp;&nbsp;315749 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;2965 | &nbsp;&nbsp;&nbsp;&nbsp;340560 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** |  |
| Materion Corp. | &nbsp;&nbsp;3812 | $&nbsp;&nbsp;&nbsp;&nbsp;473908 |
| Metallus, Inc. (A) | &nbsp;&nbsp;6934 | &nbsp;&nbsp;&nbsp;&nbsp;118987 |
| NioCorp Developments, Ltd. (A) | 19857 | &nbsp;&nbsp;&nbsp;&nbsp;105242 |
| Novagold Resources, Inc. (A) | 55797 | &nbsp;&nbsp;&nbsp;&nbsp;520028 |
| Olympic Steel, Inc. | &nbsp;&nbsp;1885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80650 |
| Pan American Silver Corp. (A) | 88114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43616 |
| Perpetua Resources Corp. (A) | 15646 | &nbsp;&nbsp;&nbsp;&nbsp;378790 |
| Ramaco Resources, Inc., Class A (A)(B) | &nbsp;&nbsp;7674 | &nbsp;&nbsp;&nbsp;&nbsp;138132 |
| Ryerson Holding Corp. | &nbsp;&nbsp;5021 | &nbsp;&nbsp;&nbsp;&nbsp;126328 |
| SSR Mining, Inc. (A) | 37410 | &nbsp;&nbsp;&nbsp;&nbsp;820027 |
| SunCoke Energy, Inc. | 15811 | &nbsp;&nbsp;&nbsp;&nbsp;113839 |
| Tredegar Corp. (A) | &nbsp;&nbsp;5406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38815 |
| United States Antimony Corp. (A)(B) | 21897 | &nbsp;&nbsp;&nbsp;&nbsp;109923 |
| US Gold Corp. (A)(B) | &nbsp;&nbsp;2177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42256 |
| USA Rare Earth, Inc. (A) | 16203 | &nbsp;&nbsp;&nbsp;&nbsp;192816 |
| Vox Royalty Corp. (B) | 11743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55662 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;9584 | &nbsp;&nbsp;&nbsp;&nbsp;845021 |
| Worthington Steel, Inc. | &nbsp;&nbsp;6112 | &nbsp;&nbsp;&nbsp;&nbsp;211597 |
|  |  | 12843788 |
| **Paper and forest products – 0.1%** | **Paper and forest products – 0.1%** |  |
| Clearwater Paper Corp. (A) | &nbsp;&nbsp;2968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51643 |
| Magnera Corp. (A) | &nbsp;&nbsp;5929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89765 |
| Resolute Forest Products, Inc. (A)(C) | &nbsp;&nbsp;9238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13118 |
| Sylvamo Corp. | &nbsp;&nbsp;6357 | &nbsp;&nbsp;&nbsp;&nbsp;306090 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;460616 |
|  |  | 23585039 |
| **Real estate – 5.5%** |  |  |
| **Diversified REITs – 0.5%** | **Diversified REITs – 0.5%** |  |
| Alexander & Baldwin, Inc. | 13958 | &nbsp;&nbsp;&nbsp;&nbsp;288093 |
| Alpine Income Property Trust, Inc. | &nbsp;&nbsp;2744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45880 |
| American Assets Trust, Inc. | &nbsp;&nbsp;9762 | &nbsp;&nbsp;&nbsp;&nbsp;184795 |
| Armada Hoffler Properties, Inc. | 14893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98592 |
| Broadstone Net Lease, Inc. | 34250 | &nbsp;&nbsp;&nbsp;&nbsp;594923 |
| CTO Realty Growth, Inc. | &nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;102323 |
| Essential Properties Realty Trust, Inc. | 36064 | &nbsp;&nbsp;&nbsp;1069658 |
| Gladstone Commercial Corp. | &nbsp;&nbsp;8952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95518 |
| Global Net Lease, Inc. | 36883 | &nbsp;&nbsp;&nbsp;&nbsp;317194 |
| Modiv Industrial, Inc. | &nbsp;&nbsp;2107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30320 |
| NexPoint Diversified Real Estate Trust | &nbsp;&nbsp;7184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27515 |
|  |  | &nbsp;&nbsp;&nbsp;2854811 |
| **Health care REITs – 1.0%** | **Health care REITs – 1.0%** |  |
| American Healthcare REIT, Inc. | 30929 | &nbsp;&nbsp;&nbsp;1455519 |
| CareTrust REIT, Inc. | 41079 | &nbsp;&nbsp;&nbsp;1485417 |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp;5089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83561 |
| Diversified Healthcare Trust | 40525 | &nbsp;&nbsp;&nbsp;&nbsp;196546 |
| Global Medical REIT, Inc. | &nbsp;&nbsp;2339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78918 |
| LTC Properties, Inc. | &nbsp;&nbsp;8079 | &nbsp;&nbsp;&nbsp;&nbsp;277756 |
| National Health Investors, Inc. | &nbsp;&nbsp;8615 | &nbsp;&nbsp;&nbsp;&nbsp;657928 |
| Sabra Health Care REIT, Inc. | 43328 | &nbsp;&nbsp;&nbsp;&nbsp;820632 |
| Sila Realty Trust, Inc. | 10161 | &nbsp;&nbsp;&nbsp;&nbsp;236853 |
| Universal Health Realty Income Trust | &nbsp;&nbsp;2324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91124 |
|  |  | &nbsp;&nbsp;&nbsp;5384254 |
| **Hotel and resort REITs – 0.5%** | **Hotel and resort REITs – 0.5%** |  |
| Apple Hospitality REIT, Inc. | 39956 | &nbsp;&nbsp;&nbsp;&nbsp;473479 |
| Braemar Hotels & Resorts, Inc. | 11393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32698 |
| Chatham Lodging Trust | &nbsp;&nbsp;9027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61474 |
| DiamondRock Hospitality Company | 37702 | &nbsp;&nbsp;&nbsp;&nbsp;337810 |
| Pebblebrook Hotel Trust | 21464 | &nbsp;&nbsp;&nbsp;&nbsp;242972 |
| RLJ Lodging Trust | 24839 | &nbsp;&nbsp;&nbsp;&nbsp;185051 |
| Ryman Hospitality Properties, Inc. | 11290 | &nbsp;&nbsp;&nbsp;1068260 |
| Service Properties Trust | 30145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55467 |
| Summit Hotel Properties, Inc. | 19555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95233 |
| Sunstone Hotel Investors, Inc. | 33808 | &nbsp;&nbsp;&nbsp;&nbsp;302244 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 98 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotel and resort REITs (continued)** | **Hotel and resort REITs (continued)** |  |
| Xenia Hotels & Resorts, Inc. | 17400 | $&nbsp;&nbsp;&nbsp;&nbsp;246036 |
|  |  | 3100724 |
| **Industrial REITs – 0.4%** | **Industrial REITs – 0.4%** |  |
| Industrial Logistics Properties Trust | 10276 | &nbsp;&nbsp;&nbsp;&nbsp;56929 |
| Innovative Industrial Properties, Inc. | &nbsp;&nbsp;5070 | &nbsp;&nbsp;&nbsp;&nbsp;240115 |
| LXP Industrial Trust | 10549 | &nbsp;&nbsp;&nbsp;&nbsp;523019 |
| One Liberty Properties, Inc. | &nbsp;&nbsp;4109 | &nbsp;&nbsp;&nbsp;&nbsp;83372 |
| Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;7900 | &nbsp;&nbsp;&nbsp;&nbsp;172852 |
| Terreno Realty Corp. | 18718 | 1098934 |
|  |  | 2175221 |
| **Office REITs – 0.5%** | **Office REITs – 0.5%** |  |
| Brandywine Realty Trust | 31736 | &nbsp;&nbsp;&nbsp;&nbsp;92669 |
| City Office REIT, Inc. | &nbsp;&nbsp;7833 | &nbsp;&nbsp;&nbsp;&nbsp;54753 |
| COPT Defense Properties | 20782 | &nbsp;&nbsp;&nbsp;&nbsp;577740 |
| Douglas Emmett, Inc. | 29654 | &nbsp;&nbsp;&nbsp;&nbsp;325897 |
| Easterly Government Properties, Inc. | &nbsp;&nbsp;7543 | &nbsp;&nbsp;&nbsp;&nbsp;159836 |
| Empire State Realty Trust, Inc., Class A | 26616 | &nbsp;&nbsp;&nbsp;&nbsp;173536 |
| Hudson Pacific Properties, Inc. (A) | &nbsp;&nbsp;9909 | &nbsp;&nbsp;&nbsp;&nbsp;107314 |
| JBG SMITH Properties | 11040 | &nbsp;&nbsp;&nbsp;&nbsp;187790 |
| NET Lease Office Properties | &nbsp;&nbsp;2760 | &nbsp;&nbsp;&nbsp;&nbsp;71180 |
| Peakstone Realty Trust | &nbsp;&nbsp;6915 | &nbsp;&nbsp;&nbsp;&nbsp;99230 |
| Piedmont Realty Trust, Inc. | 23260 | &nbsp;&nbsp;&nbsp;&nbsp;193988 |
| Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;4350 | &nbsp;&nbsp;&nbsp;&nbsp;70209 |
| SL Green Realty Corp. | 13182 | &nbsp;&nbsp;&nbsp;&nbsp;604658 |
|  |  | 2718800 |
| **Real estate management and development – 0.7%** | **Real estate management and development – 0.7%** |  |
| Anywhere Real Estate, Inc. (A) | 19414 | &nbsp;&nbsp;&nbsp;&nbsp;274902 |
| Compass, Inc., Class A (A) | 90129 | &nbsp;&nbsp;&nbsp;&nbsp;952664 |
| Cushman & Wakefield, Ltd. (A) | 42411 | &nbsp;&nbsp;&nbsp;&nbsp;686634 |
| Douglas Elliman, Inc. (A) | 14311 | &nbsp;&nbsp;&nbsp;&nbsp;33917 |
| eXp World Holdings, Inc. (B) | 16223 | &nbsp;&nbsp;&nbsp;&nbsp;146818 |
| Forestar Group, Inc. (A) | &nbsp;&nbsp;3662 | &nbsp;&nbsp;&nbsp;&nbsp;90195 |
| FRP Holdings, Inc. (A) | &nbsp;&nbsp;2557 | &nbsp;&nbsp;&nbsp;&nbsp;58274 |
| Kennedy-Wilson Holdings, Inc. | 22743 | &nbsp;&nbsp;&nbsp;&nbsp;219925 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;4838 | &nbsp;&nbsp;&nbsp;&nbsp;132029 |
| Maui Land & Pineapple Company, Inc. (A) | &nbsp;&nbsp;1578 | &nbsp;&nbsp;&nbsp;&nbsp;26731 |
| Newmark Group, Inc., Class A | 27147 | &nbsp;&nbsp;&nbsp;&nbsp;470729 |
| RE/MAX Holdings, Inc., Class A (A) | &nbsp;&nbsp;3814 | &nbsp;&nbsp;&nbsp;&nbsp;28948 |
| Seaport Entertainment Group, Inc. (A)(B) | &nbsp;&nbsp;1597 | &nbsp;&nbsp;&nbsp;&nbsp;31573 |
| Tejon Ranch Company (A)(B) | &nbsp;&nbsp;4499 | &nbsp;&nbsp;&nbsp;&nbsp;70949 |
| The Real Brokerage, Inc. (A) | 24916 | &nbsp;&nbsp;&nbsp;&nbsp;90943 |
| The RMR Group, Inc., Class A (B) | &nbsp;&nbsp;3161 | &nbsp;&nbsp;&nbsp;&nbsp;47099 |
| The St. Joe Company | &nbsp;&nbsp;7047 | &nbsp;&nbsp;&nbsp;&nbsp;418380 |
|  |  | 3780710 |
| **Residential REITs – 0.4%** | **Residential REITs – 0.4%** |  |
| Apartment Investment and Management Company, Class A | 24539 | &nbsp;&nbsp;&nbsp;&nbsp;145762 |
| BRT Apartments Corp. | &nbsp;&nbsp;3444 | &nbsp;&nbsp;&nbsp;&nbsp;50627 |
| Centerspace | &nbsp;&nbsp;3092 | &nbsp;&nbsp;&nbsp;&nbsp;206298 |
| Elme Communities | 15888 | &nbsp;&nbsp;&nbsp;&nbsp;276451 |
| Independence Realty Trust, Inc. | 43833 | &nbsp;&nbsp;&nbsp;&nbsp;766201 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp;4290 | &nbsp;&nbsp;&nbsp;&nbsp;129129 |
| UMH Properties, Inc. | 15342 | &nbsp;&nbsp;&nbsp;&nbsp;244091 |
| Veris Residential, Inc. | 14197 | &nbsp;&nbsp;&nbsp;&nbsp;211251 |
|  |  | 2029810 |
| **Retail REITs – 1.1%** | **Retail REITs – 1.1%** |  |
| Acadia Realty Trust | 24222 | &nbsp;&nbsp;&nbsp;&nbsp;497520 |
| Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;412 | &nbsp;&nbsp;&nbsp;&nbsp;89791 |
| CBL & Associates Properties, Inc. | &nbsp;&nbsp;3335 | &nbsp;&nbsp;&nbsp;&nbsp;123395 |
| Curbline Properties Corp. | 17950 | &nbsp;&nbsp;&nbsp;&nbsp;416620 |
| FrontView REIT, Inc. | &nbsp;&nbsp;4089 | &nbsp;&nbsp;&nbsp;&nbsp;60354 |
| Getty Realty Corp. | &nbsp;&nbsp;9877 | &nbsp;&nbsp;&nbsp;&nbsp;270333 |
| InvenTrust Properties Corp. | 14228 | &nbsp;&nbsp;&nbsp;&nbsp;401372 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Retail REITs (continued)** | **Retail REITs (continued)** |  |
| Kite Realty Group Trust | 39900 | $&nbsp;&nbsp;&nbsp;&nbsp;956403 |
| NETSTREIT Corp. | 15369 | &nbsp;&nbsp;&nbsp;&nbsp;271109 |
| Phillips Edison & Company, Inc. | 23233 | &nbsp;&nbsp;&nbsp;&nbsp;826398 |
| Saul Centers, Inc. | &nbsp;&nbsp;2699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85099 |
| SITE Centers Corp. | 10422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66909 |
| Tanger, Inc. | 20450 | &nbsp;&nbsp;&nbsp;&nbsp;682417 |
| The Macerich Company | 46693 | &nbsp;&nbsp;&nbsp;&nbsp;861953 |
| Urban Edge Properties | 23859 | &nbsp;&nbsp;&nbsp;&nbsp;457854 |
| Whitestone REIT | &nbsp;&nbsp;8778 | &nbsp;&nbsp;&nbsp;&nbsp;121926 |
|  |  | &nbsp;&nbsp;&nbsp;6189453 |
| **Specialized REITs – 0.4%** | **Specialized REITs – 0.4%** |  |
| Farmland Partners, Inc. | &nbsp;&nbsp;7116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68954 |
| Four Corners Property Trust, Inc. | 19533 | &nbsp;&nbsp;&nbsp;&nbsp;450431 |
| Gladstone Land Corp. | &nbsp;&nbsp;6630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60665 |
| Outfront Media, Inc. | 27043 | &nbsp;&nbsp;&nbsp;&nbsp;651736 |
| PotlatchDeltic Corp. | 14167 | &nbsp;&nbsp;&nbsp;&nbsp;563563 |
| Safehold, Inc. | 10413 | &nbsp;&nbsp;&nbsp;&nbsp;142554 |
| Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;5710 | &nbsp;&nbsp;&nbsp;&nbsp;176667 |
|  |  | &nbsp;&nbsp;&nbsp;2114570 |
|  |  | 30348353 |
| **Utilities – 2.9%** |  |  |
| **Electric utilities – 0.9%** | **Electric utilities – 0.9%** |  |
| Genie Energy, Ltd., B Shares | &nbsp;&nbsp;4180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57600 |
| Hawaiian Electric Industries, Inc. (A) | 32016 | &nbsp;&nbsp;&nbsp;&nbsp;393797 |
| MGE Energy, Inc. | &nbsp;&nbsp;6869 | &nbsp;&nbsp;&nbsp;&nbsp;538667 |
| Oklo, Inc. (A) | 19970 | &nbsp;&nbsp;&nbsp;1433047 |
| Otter Tail Corp. | &nbsp;&nbsp;7099 | &nbsp;&nbsp;&nbsp;&nbsp;573670 |
| Portland General Electric Company | 20527 | &nbsp;&nbsp;&nbsp;&nbsp;985091 |
| TXNM Energy, Inc. | 18300 | &nbsp;&nbsp;&nbsp;1077504 |
|  |  | &nbsp;&nbsp;&nbsp;5059376 |
| **Gas utilities – 1.0%** | **Gas utilities – 1.0%** |  |
| Brookfield Infrastructure Corp., Class A (B) | 22247 | &nbsp;&nbsp;&nbsp;1010014 |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;4338 | &nbsp;&nbsp;&nbsp;&nbsp;541209 |
| New Jersey Resources Corp. | 18491 | &nbsp;&nbsp;&nbsp;&nbsp;852805 |
| Northwest Natural Holding Company | &nbsp;&nbsp;7445 | &nbsp;&nbsp;&nbsp;&nbsp;347979 |
| ONE Gas, Inc. | 10860 | &nbsp;&nbsp;&nbsp;&nbsp;838935 |
| RGC Resources, Inc. | &nbsp;&nbsp;1772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37744 |
| Southwest Gas Holdings, Inc. | 11891 | &nbsp;&nbsp;&nbsp;&nbsp;951518 |
| Spire, Inc. | 10581 | &nbsp;&nbsp;&nbsp;&nbsp;875049 |
|  |  | &nbsp;&nbsp;&nbsp;5455253 |
| **Independent power and renewable electricity producers –<br> 0.3%** | **Independent power and renewable electricity producers –<br> 0.3%** |  |
| Hallador Energy Company (A) | &nbsp;&nbsp;5761 | &nbsp;&nbsp;&nbsp;&nbsp;109689 |
| Montauk Renewables, Inc. (A) | 12923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21581 |
| Ormat Technologies, Inc. | 11158 | &nbsp;&nbsp;&nbsp;1232624 |
|  |  | &nbsp;&nbsp;&nbsp;1363894 |
| **Multi-utilities – 0.4%** | **Multi-utilities – 0.4%** |  |
| Avista Corp. | 14822 | &nbsp;&nbsp;&nbsp;&nbsp;571240 |
| Black Hills Corp. | 13281 | &nbsp;&nbsp;&nbsp;&nbsp;921967 |
| Northwestern Energy Group, Inc. | 11216 | &nbsp;&nbsp;&nbsp;&nbsp;723881 |
| Unitil Corp. | &nbsp;&nbsp;3369 | &nbsp;&nbsp;&nbsp;&nbsp;163194 |
|  |  | &nbsp;&nbsp;&nbsp;2380282 |
| **Water utilities – 0.3%** | **Water utilities – 0.3%** |  |
| American States Water Company | &nbsp;&nbsp;7095 | &nbsp;&nbsp;&nbsp;&nbsp;514246 |
| Cadiz, Inc. (A)(B) | 10588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59399 |
| California Water Service Group | 11038 | &nbsp;&nbsp;&nbsp;&nbsp;478277 |
| Consolidated Water Company, Ltd. | &nbsp;&nbsp;2706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95495 |
| Global Water Resources, Inc. | &nbsp;&nbsp;4056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34273 |
| H2O America | &nbsp;&nbsp;6104 | &nbsp;&nbsp;&nbsp;&nbsp;299035 |
| Middlesex Water Company | &nbsp;&nbsp;3438 | &nbsp;&nbsp;&nbsp;&nbsp;173344 |
| Pure Cycle Corp. (A)(B) | &nbsp;&nbsp;4446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48862 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 99 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Water utilities (continued)** | **Water utilities (continued)** |  |
| The York Water Company (B) | &nbsp;&nbsp;&nbsp;&nbsp;2795 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88993 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1791924 |
|  |  | &nbsp;&nbsp;&nbsp;16050729 |
| TOTAL COMMON STOCKS (Cost $393,023,697) | TOTAL COMMON STOCKS (Cost $393,023,697) | $533915537 |
| **RIGHTS – 0.0%** |  |  |
| Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;1637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7219 |
| TOTAL RIGHTS (Cost $6,384) | TOTAL RIGHTS (Cost $6,384) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7219 |
| **WARRANTS – 0.0%** |  |  |
| Bed Bath & Beyond, Inc. (Expiration Date: 10-7-26; Strike Price: $15.50) (A) | &nbsp;&nbsp;&nbsp;&nbsp;1084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715 |
| Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119 |
| TOTAL WARRANTS (Cost $0) | TOTAL WARRANTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834 |
| **SHORT-TERM INVESTMENTS – 5.9%** | **SHORT-TERM INVESTMENTS – 5.9%** |  |
| **Short-term funds – 5.9%** |  |  |
| John Hancock Collateral Trust, 3.7477% (E)(F) | 3253215 | &nbsp;&nbsp;&nbsp;32545813 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $32,545,283) | TOTAL SHORT-TERM INVESTMENTS (Cost $32,545,283) | $&nbsp;&nbsp;&nbsp;32545813 |
| **Total Investments (Small Cap Index Trust)<br> (Cost $425,575,364) – 102.4%** | **Total Investments (Small Cap Index Trust)<br> (Cost $425,575,364) – 102.4%** | $**566469403** |
| **Other assets and liabilities, net – (2.4%)** | **Other assets and liabilities, net – (2.4%)** | &nbsp;&nbsp;**(13452933)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**553016470** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan 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) | Strike price and/or expiration date not available. |
| (E) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (F) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $15,474,860. |

---

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| Russell 2000 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$20058776 | &nbsp;&nbsp;&nbsp;&nbsp;$19234601 | &nbsp;&nbsp;&nbsp;&nbsp;$(824175) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$(824175)** |

---

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

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

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

#### Small Cap Opportunities Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 99.7%** | **COMMON STOCKS – 99.7%** |  |
| **Communication services – 2.7%** |  |  |
| **Diversified telecommunication services – 0.6%** | **Diversified telecommunication services – 0.6%** |  |
| ATN International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1281 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29207 |
| Bandwidth, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35983 |
| Frontier Communications Parent, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426156 |
| GCI Liberty, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| GCI Liberty, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16702 |
| GCI Liberty, Inc., Class C (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115091 |
| Liberty Global, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148385 |
| Liberty Global, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127622 |
| Liberty Latin America, Ltd., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31068 |
| Liberty Latin America, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104171 |

---

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Diversified telecommunication services (continued)** | **Diversified telecommunication services (continued)** |  |
| Shenandoah Telecommunications Company | &nbsp;&nbsp;6437 | $&nbsp;&nbsp;&nbsp;&nbsp;74412 |
|  |  | 1108797 |
| **Entertainment – 0.1%** | **Entertainment – 0.1%** |  |
| Liberty Live Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7661 |
| Liberty Live Holdings, Inc., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7401 |
| Lionsgate Studios Corp. (A) | &nbsp;&nbsp;3261 | &nbsp;&nbsp;&nbsp;&nbsp;29773 |
| Sphere Entertainment Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;34609 |
| Starz Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2539 |
| The Marcus Corp. | &nbsp;&nbsp;4627 | &nbsp;&nbsp;&nbsp;&nbsp;71765 |
| Vivid Seats, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1464 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;155212 |
| **Interactive media and services – 0.4%** | **Interactive media and services – 0.4%** |  |
| Angi, Inc. (A) | &nbsp;&nbsp;4966 | &nbsp;&nbsp;&nbsp;&nbsp;64210 |
| Bumble, Inc., Class A (A) | 13782 | &nbsp;&nbsp;&nbsp;&nbsp;49202 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 100 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Interactive media and services (continued)** | **Interactive media and services (continued)** |  |
| Cars.com, Inc. (A) | &nbsp;&nbsp;5933 | $&nbsp;&nbsp;&nbsp;&nbsp;72383 |
| DHI Group, Inc. (A) | &nbsp;&nbsp;5212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8079 |
| TripAdvisor, Inc. (A) | &nbsp;&nbsp;4579 | &nbsp;&nbsp;&nbsp;&nbsp;66670 |
| TrueCar, Inc. (A) | &nbsp;&nbsp;8052 | &nbsp;&nbsp;&nbsp;&nbsp;18198 |
| Yelp, Inc. (A) | &nbsp;&nbsp;2397 | &nbsp;&nbsp;&nbsp;&nbsp;72845 |
| Ziff Davis, Inc. (A) | &nbsp;&nbsp;3608 | &nbsp;&nbsp;&nbsp;&nbsp;126821 |
| ZoomInfo Technologies, Inc. (A) | 17541 | &nbsp;&nbsp;&nbsp;&nbsp;178392 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;656800 |
| **Media – 1.3%** | **Media – 1.3%** |  |
| Advantage Solutions, Inc. (A) | &nbsp;&nbsp;9240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8131 |
| AMC Networks, Inc., Class A (A) | &nbsp;&nbsp;2542 | &nbsp;&nbsp;&nbsp;&nbsp;24200 |
| Boston Omaha Corp., Class A (A) | &nbsp;&nbsp;2031 | &nbsp;&nbsp;&nbsp;&nbsp;25123 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;528 | &nbsp;&nbsp;&nbsp;&nbsp;59585 |
| DoubleVerify Holdings, Inc. (A) | &nbsp;&nbsp;6704 | &nbsp;&nbsp;&nbsp;&nbsp;76694 |
| EchoStar Corp., Class A (A) | &nbsp;&nbsp;3901 | &nbsp;&nbsp;&nbsp;&nbsp;424039 |
| Entravision Communications Corp., Class A | &nbsp;&nbsp;5075 | &nbsp;&nbsp;&nbsp;&nbsp;14870 |
| Gray Media, Inc. | &nbsp;&nbsp;6546 | &nbsp;&nbsp;&nbsp;&nbsp;31683 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;3198 | &nbsp;&nbsp;&nbsp;&nbsp;97955 |
| Liberty Broadband Corp., Series C (A) | &nbsp;&nbsp;&nbsp;&nbsp;586 | &nbsp;&nbsp;&nbsp;&nbsp;28480 |
| Magnite, Inc. (A) | &nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;16392 |
| National CineMedia, Inc. | &nbsp;&nbsp;5768 | &nbsp;&nbsp;&nbsp;&nbsp;22438 |
| Nexstar Media Group, Inc. | &nbsp;&nbsp;2524 | &nbsp;&nbsp;&nbsp;&nbsp;512498 |
| Omnicom Group, Inc. | &nbsp;&nbsp;4329 | &nbsp;&nbsp;&nbsp;&nbsp;349567 |
| Paramount Skydance Corp., Class B (C) | &nbsp;&nbsp;3570 | &nbsp;&nbsp;&nbsp;&nbsp;47838 |
| PubMatic, Inc., Class A (A) | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;13899 |
| Scholastic Corp. | &nbsp;&nbsp;3690 | &nbsp;&nbsp;&nbsp;&nbsp;109335 |
| Sinclair, Inc. | &nbsp;&nbsp;3075 | &nbsp;&nbsp;&nbsp;&nbsp;47048 |
| Sirius XM Holdings, Inc. | &nbsp;&nbsp;3142 | &nbsp;&nbsp;&nbsp;&nbsp;62824 |
| TEGNA, Inc. | 14274 | &nbsp;&nbsp;&nbsp;&nbsp;277058 |
| The EW Scripps Company, Class A (A) | &nbsp;&nbsp;5843 | &nbsp;&nbsp;&nbsp;&nbsp;23314 |
| Urban One, Inc., Class D (A) | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2663 |
| USA TODAY Company, Inc. (A) | &nbsp;&nbsp;4958 | &nbsp;&nbsp;&nbsp;&nbsp;25534 |
|  |  | 2301168 |
| **Wireless telecommunication services – 0.3%** | **Wireless telecommunication services – 0.3%** |  |
| Array Digital Infrastructure, Inc. | &nbsp;&nbsp;4082 | &nbsp;&nbsp;&nbsp;&nbsp;218877 |
| Spok Holdings, Inc. | &nbsp;&nbsp;2056 | &nbsp;&nbsp;&nbsp;&nbsp;27119 |
| Telephone & Data Systems, Inc. | &nbsp;&nbsp;9503 | &nbsp;&nbsp;&nbsp;&nbsp;389623 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;635619 |
|  |  | 4857596 |
| **Consumer discretionary – 13.9%** |  |  |
| **Automobile components – 2.4%** | **Automobile components – 2.4%** |  |
| Adient PLC (A) | &nbsp;&nbsp;8723 | &nbsp;&nbsp;&nbsp;&nbsp;167220 |
| American Axle & Manufacturing Holdings, Inc. (A) | 12966 | &nbsp;&nbsp;&nbsp;&nbsp;83112 |
| Aptiv PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;516 | &nbsp;&nbsp;&nbsp;&nbsp;39262 |
| Autoliv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;976 | &nbsp;&nbsp;&nbsp;&nbsp;115851 |
| BorgWarner, Inc. | 21094 | &nbsp;&nbsp;&nbsp;&nbsp;950496 |
| Cooper-Standard Holdings, Inc. (A) | &nbsp;&nbsp;1311 | &nbsp;&nbsp;&nbsp;&nbsp;43040 |
| Dana, Inc. (C) | 13642 | &nbsp;&nbsp;&nbsp;&nbsp;324134 |
| Dorman Products, Inc. (A) | &nbsp;&nbsp;1962 | &nbsp;&nbsp;&nbsp;&nbsp;241699 |
| Fox Factory Holding Corp. (A) | &nbsp;&nbsp;3760 | &nbsp;&nbsp;&nbsp;&nbsp;64334 |
| Gentex Corp. | &nbsp;&nbsp;7252 | &nbsp;&nbsp;&nbsp;&nbsp;168754 |
| Gentherm, Inc. (A) | &nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;40334 |
| Holley, Inc. (A) | &nbsp;&nbsp;3597 | &nbsp;&nbsp;&nbsp;&nbsp;14856 |
| LCI Industries | &nbsp;&nbsp;2008 | &nbsp;&nbsp;&nbsp;&nbsp;243651 |
| Lear Corp. | &nbsp;&nbsp;4812 | &nbsp;&nbsp;&nbsp;&nbsp;551455 |
| Mobileye Global, Inc., Class A (A) | &nbsp;&nbsp;5516 | &nbsp;&nbsp;&nbsp;&nbsp;57587 |
| Motorcar Parts of America, Inc. (A) | &nbsp;&nbsp;1585 | &nbsp;&nbsp;&nbsp;&nbsp;19559 |
| Patrick Industries, Inc. | &nbsp;&nbsp;3519 | &nbsp;&nbsp;&nbsp;&nbsp;381565 |
| PHINIA, Inc. | &nbsp;&nbsp;4248 | &nbsp;&nbsp;&nbsp;&nbsp;266307 |
| Standard Motor Products, Inc. (C) | &nbsp;&nbsp;2401 | &nbsp;&nbsp;&nbsp;&nbsp;88477 |
| Stoneridge, Inc. (A) | &nbsp;&nbsp;1672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9681 |
| Strattec Security Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;60531 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobile components (continued)** | **Automobile components (continued)** |  |
| The Goodyear Tire & Rubber Company (A) | 28079 | $&nbsp;&nbsp;&nbsp;&nbsp;245972 |
| Visteon Corp. | &nbsp;&nbsp;1686 | &nbsp;&nbsp;&nbsp;&nbsp;160339 |
|  |  | 4338216 |
| **Automobiles – 0.5%** | **Automobiles – 0.5%** |  |
| Harley-Davidson, Inc. (C) | 11870 | &nbsp;&nbsp;&nbsp;&nbsp;243216 |
| Thor Industries, Inc. (C) | &nbsp;&nbsp;4767 | &nbsp;&nbsp;&nbsp;&nbsp;489428 |
| Winnebago Industries, Inc. | &nbsp;&nbsp;3280 | &nbsp;&nbsp;&nbsp;&nbsp;132906 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;865550 |
| **Broadline retail – 0.5%** | **Broadline retail – 0.5%** |  |
| Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;103 | &nbsp;&nbsp;&nbsp;&nbsp;62453 |
| Kohl's Corp. | 13005 | &nbsp;&nbsp;&nbsp;&nbsp;265432 |
| Macy's, Inc. | 28501 | &nbsp;&nbsp;&nbsp;&nbsp;628447 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;956332 |
| **Distributors – 0.3%** | **Distributors – 0.3%** |  |
| Gold.com, Inc. | &nbsp;&nbsp;2621 | &nbsp;&nbsp;&nbsp;&nbsp;89245 |
| LKQ Corp. | 11897 | &nbsp;&nbsp;&nbsp;&nbsp;359289 |
| Weyco Group, Inc. | &nbsp;&nbsp;1316 | &nbsp;&nbsp;&nbsp;&nbsp;40256 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;488790 |
| **Diversified consumer services – 0.9%** | **Diversified consumer services – 0.9%** |  |
| ADT, Inc. | 53189 | &nbsp;&nbsp;&nbsp;&nbsp;429235 |
| Adtalem Global Education, Inc. (A) | &nbsp;&nbsp;1885 | &nbsp;&nbsp;&nbsp;&nbsp;195041 |
| American Public Education, Inc. (A) | &nbsp;&nbsp;2320 | &nbsp;&nbsp;&nbsp;&nbsp;87696 |
| Carriage Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;&nbsp;33755 |
| Chegg, Inc. (A) | &nbsp;&nbsp;7137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6637 |
| Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;283439 |
| Laureate Education, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;27071 |
| Lincoln Educational Services Corp. (A) | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;26565 |
| Matthews International Corp., Class A | &nbsp;&nbsp;3440 | &nbsp;&nbsp;&nbsp;&nbsp;89853 |
| Mister Car Wash, Inc. (A) | &nbsp;&nbsp;9339 | &nbsp;&nbsp;&nbsp;&nbsp;51925 |
| Perdoceo Education Corp. | &nbsp;&nbsp;6614 | &nbsp;&nbsp;&nbsp;&nbsp;193989 |
| Strategic Education, Inc. | &nbsp;&nbsp;2056 | &nbsp;&nbsp;&nbsp;&nbsp;164891 |
| Stride, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;699 | &nbsp;&nbsp;&nbsp;&nbsp;45386 |
|  |  | 1635483 |
| **Hotels, restaurants and leisure – 1.0%** | **Hotels, restaurants and leisure – 1.0%** |  |
| Aramark | &nbsp;&nbsp;7150 | &nbsp;&nbsp;&nbsp;&nbsp;263549 |
| Biglari Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp;29581 |
| Biglari Holdings, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;48202 |
| BJ's Restaurants, Inc. (A) | &nbsp;&nbsp;2850 | &nbsp;&nbsp;&nbsp;&nbsp;112290 |
| Caesars Entertainment, Inc. (A) | &nbsp;&nbsp;9191 | &nbsp;&nbsp;&nbsp;&nbsp;214977 |
| Cracker Barrel Old Country Store, Inc. (C) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;31979 |
| El Pollo Loco Holdings, Inc. (A) | &nbsp;&nbsp;2613 | &nbsp;&nbsp;&nbsp;&nbsp;27332 |
| First Watch Restaurant Group, Inc. (A) | &nbsp;&nbsp;5499 | &nbsp;&nbsp;&nbsp;&nbsp;82925 |
| Global Business Travel Group I (A)(C) | &nbsp;&nbsp;3299 | &nbsp;&nbsp;&nbsp;&nbsp;25237 |
| Golden Entertainment, Inc. | &nbsp;&nbsp;1315 | &nbsp;&nbsp;&nbsp;&nbsp;35755 |
| Hilton Grand Vacations, Inc. (A) | &nbsp;&nbsp;5843 | &nbsp;&nbsp;&nbsp;&nbsp;261474 |
| Krispy Kreme, Inc. (C) | 15398 | &nbsp;&nbsp;&nbsp;&nbsp;61900 |
| Life Time Group Holdings, Inc. (A) | &nbsp;&nbsp;6867 | &nbsp;&nbsp;&nbsp;&nbsp;182525 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;3104 | &nbsp;&nbsp;&nbsp;&nbsp;179070 |
| MGM Resorts International (A) | &nbsp;&nbsp;1723 | &nbsp;&nbsp;&nbsp;&nbsp;62872 |
| Monarch Casino & Resort, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;30146 |
| Penn Entertainment, Inc. (A) | &nbsp;&nbsp;2512 | &nbsp;&nbsp;&nbsp;&nbsp;37052 |
| Portillo's, Inc., Class A (A) | &nbsp;&nbsp;5244 | &nbsp;&nbsp;&nbsp;&nbsp;23808 |
| Pursuit Attractions and Hospitality, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;922 | &nbsp;&nbsp;&nbsp;&nbsp;31053 |
| RCI Hospitality Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9441 |
| Target Hospitality Corp. (A) | &nbsp;&nbsp;5846 | &nbsp;&nbsp;&nbsp;&nbsp;46826 |
|  |  | 1797994 |
| **Household durables – 2.9%** | **Household durables – 2.9%** |  |
| Bassett Furniture Industries, Inc. | &nbsp;&nbsp;1234 | &nbsp;&nbsp;&nbsp;&nbsp;20682 |
| Beazer Homes USA, Inc. (A) | &nbsp;&nbsp;3203 | &nbsp;&nbsp;&nbsp;&nbsp;64925 |
| Cavco Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp;32491 |
| Century Communities, Inc. | &nbsp;&nbsp;3460 | &nbsp;&nbsp;&nbsp;&nbsp;205351 |
| Champion Homes, Inc. (A) | &nbsp;&nbsp;3390 | &nbsp;&nbsp;&nbsp;&nbsp;286455 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 101 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Household durables (continued)** | **Household durables (continued)** |  |
| Cricut, Inc., Class A | &nbsp;&nbsp;2477 | $&nbsp;&nbsp;&nbsp;&nbsp;12261 |
| Dream Finders Homes, Inc., Class A (A)(C) | &nbsp;&nbsp;1861 | &nbsp;&nbsp;&nbsp;&nbsp;31823 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;3592 | &nbsp;&nbsp;&nbsp;&nbsp;82041 |
| Flexsteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;817 | &nbsp;&nbsp;&nbsp;&nbsp;32263 |
| GoPro, Inc., Class A (A)(C) | 10155 | &nbsp;&nbsp;&nbsp;&nbsp;14319 |
| Green Brick Partners, Inc. (A)(C) | &nbsp;&nbsp;2414 | &nbsp;&nbsp;&nbsp;&nbsp;151261 |
| Helen of Troy, Ltd. (A) | &nbsp;&nbsp;1240 | &nbsp;&nbsp;&nbsp;&nbsp;26350 |
| Hooker Furnishings Corp. | &nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;20559 |
| Hovnanian Enterprises, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;292 | &nbsp;&nbsp;&nbsp;&nbsp;28482 |
| KB Home | &nbsp;&nbsp;4725 | &nbsp;&nbsp;&nbsp;&nbsp;266537 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;4577 | &nbsp;&nbsp;&nbsp;&nbsp;170585 |
| Legacy Housing Corp. (A) | &nbsp;&nbsp;1610 | &nbsp;&nbsp;&nbsp;&nbsp;31427 |
| LGI Homes, Inc. (A) | &nbsp;&nbsp;2578 | &nbsp;&nbsp;&nbsp;&nbsp;110751 |
| Lifetime Brands, Inc. | &nbsp;&nbsp;2931 | &nbsp;&nbsp;&nbsp;&nbsp;11577 |
| M/I Homes, Inc. (A) | &nbsp;&nbsp;1752 | &nbsp;&nbsp;&nbsp;&nbsp;224168 |
| Meritage Homes Corp. | &nbsp;&nbsp;4502 | &nbsp;&nbsp;&nbsp;&nbsp;296232 |
| Mohawk Industries, Inc. (A) | &nbsp;&nbsp;5688 | &nbsp;&nbsp;&nbsp;&nbsp;621698 |
| Newell Brands, Inc. | 42806 | &nbsp;&nbsp;&nbsp;&nbsp;159238 |
| Taylor Morrison Home Corp. (A) | 10987 | &nbsp;&nbsp;&nbsp;&nbsp;646805 |
| The Lovesac Company (A)(C) | &nbsp;&nbsp;1272 | &nbsp;&nbsp;&nbsp;&nbsp;18762 |
| Toll Brothers, Inc. | &nbsp;&nbsp;8328 | 1126112 |
| Traeger, Inc. (A) | &nbsp;&nbsp;3184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3439 |
| Tri Pointe Homes, Inc. (A) | 10181 | &nbsp;&nbsp;&nbsp;&nbsp;320396 |
| Universal Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2689 |
| Whirlpool Corp. | &nbsp;&nbsp;2459 | &nbsp;&nbsp;&nbsp;&nbsp;177392 |
|  |  | 5197071 |
| **Leisure products – 0.7%** | **Leisure products – 0.7%** |  |
| American Outdoor Brands, Inc. (A) | &nbsp;&nbsp;1873 | &nbsp;&nbsp;&nbsp;&nbsp;14478 |
| Brunswick Corp. | &nbsp;&nbsp;4333 | &nbsp;&nbsp;&nbsp;&nbsp;321682 |
| Escalade, Inc. | &nbsp;&nbsp;2119 | &nbsp;&nbsp;&nbsp;&nbsp;28585 |
| Funko, Inc., Class A (A) | &nbsp;&nbsp;2763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9394 |
| JAKKS Pacific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8136 |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;626 | &nbsp;&nbsp;&nbsp;&nbsp;26574 |
| Latham Group, Inc. (A) | &nbsp;&nbsp;3937 | &nbsp;&nbsp;&nbsp;&nbsp;25000 |
| Malibu Boats, Inc., Class A (A) | &nbsp;&nbsp;1546 | &nbsp;&nbsp;&nbsp;&nbsp;43613 |
| MasterCraft Boat Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;617 | &nbsp;&nbsp;&nbsp;&nbsp;11667 |
| Mattel, Inc. (A) | 20739 | &nbsp;&nbsp;&nbsp;&nbsp;411462 |
| Polaris, Inc. | &nbsp;&nbsp;2358 | &nbsp;&nbsp;&nbsp;&nbsp;149144 |
| Smith & Wesson Brands, Inc. | &nbsp;&nbsp;5955 | &nbsp;&nbsp;&nbsp;&nbsp;58776 |
| Sturm Ruger & Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;18121 |
| Topgolf Callaway Brands Corp. (A)(C) | 16634 | &nbsp;&nbsp;&nbsp;&nbsp;194119 |
|  |  | 1320751 |
| **Specialty retail – 3.7%** | **Specialty retail – 3.7%** |  |
| 1-800-Flowers.com, Inc., Class A (A)(C) | &nbsp;&nbsp;3196 | &nbsp;&nbsp;&nbsp;&nbsp;12560 |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;649 | &nbsp;&nbsp;&nbsp;&nbsp;81690 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;7767 | &nbsp;&nbsp;&nbsp;&nbsp;388039 |
| Advance Auto Parts, Inc. (C) | &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;39143 |
| American Eagle Outfitters, Inc. | 21469 | &nbsp;&nbsp;&nbsp;&nbsp;566138 |
| America's Car-Mart, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;14272 |
| Arko Corp. | &nbsp;&nbsp;7149 | &nbsp;&nbsp;&nbsp;&nbsp;32456 |
| Asbury Automotive Group, Inc. (A) | &nbsp;&nbsp;1739 | &nbsp;&nbsp;&nbsp;&nbsp;404370 |
| AutoNation, Inc. (A) | &nbsp;&nbsp;2601 | &nbsp;&nbsp;&nbsp;&nbsp;537054 |
| Caleres, Inc. | &nbsp;&nbsp;3065 | &nbsp;&nbsp;&nbsp;&nbsp;37301 |
| CarMax, Inc. (A) | &nbsp;&nbsp;8067 | &nbsp;&nbsp;&nbsp;&nbsp;311709 |
| Citi Trends, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;15253 |
| Designer Brands, Inc., Class A (C) | &nbsp;&nbsp;2923 | &nbsp;&nbsp;&nbsp;&nbsp;21718 |
| Destination XL Group, Inc. (A) | &nbsp;&nbsp;2471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2272 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;30685 |
| Duluth Holdings, Inc., Class B (A) | &nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 |
| Floor & Decor Holdings, Inc., Class A (A) | &nbsp;&nbsp;3049 | &nbsp;&nbsp;&nbsp;&nbsp;185654 |
| Genesco, Inc. (A) | &nbsp;&nbsp;1311 | &nbsp;&nbsp;&nbsp;&nbsp;32473 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;&nbsp;330765 |
| GrowGeneration Corp. (A) | &nbsp;&nbsp;2529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3794 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialty retail (continued)** | **Specialty retail (continued)** |  |
| Guess?, Inc. (C) | &nbsp;&nbsp;&nbsp;7810 | $&nbsp;&nbsp;&nbsp;&nbsp;130818 |
| Haverty Furniture Companies, Inc. | &nbsp;&nbsp;&nbsp;1613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37680 |
| Lands' End, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34180 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;2347 | &nbsp;&nbsp;&nbsp;&nbsp;779979 |
| MarineMax, Inc. (A) | &nbsp;&nbsp;&nbsp;2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48896 |
| Monro, Inc. | &nbsp;&nbsp;&nbsp;3278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65691 |
| National Vision Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;9562 | &nbsp;&nbsp;&nbsp;&nbsp;246891 |
| OneWater Marine, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5745 |
| Outdoor Holding Company (A) | &nbsp;&nbsp;&nbsp;4648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7948 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;1825 | &nbsp;&nbsp;&nbsp;&nbsp;288879 |
| Petco Health & Wellness Company, Inc. (A) | &nbsp;&nbsp;16756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47084 |
| PetMed Express, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2093 |
| Sally Beauty Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8532 | &nbsp;&nbsp;&nbsp;&nbsp;121666 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp;3686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62220 |
| Signet Jewelers, Ltd. | &nbsp;&nbsp;&nbsp;4587 | &nbsp;&nbsp;&nbsp;&nbsp;380171 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;2092 | &nbsp;&nbsp;&nbsp;&nbsp;129411 |
| Sportsman's Warehouse Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4779 |
| The Cato Corp., Class A (A) | &nbsp;&nbsp;&nbsp;1957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6047 |
| The Gap, Inc. | &nbsp;&nbsp;29845 | &nbsp;&nbsp;&nbsp;&nbsp;764032 |
| Upbound Group, Inc. | &nbsp;&nbsp;&nbsp;4529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79529 |
| Urban Outfitters, Inc. (A) | &nbsp;&nbsp;&nbsp;4823 | &nbsp;&nbsp;&nbsp;&nbsp;362979 |
| Victoria's Secret & Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23510 |
| Zumiez, Inc. (A) | &nbsp;&nbsp;&nbsp;1822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47463 |
|  |  | &nbsp;&nbsp;&nbsp;6727337 |
| **Textiles, apparel and luxury goods – 1.0%** | **Textiles, apparel and luxury goods – 1.0%** |  |
| Birkenstock Holding PLC (A) | &nbsp;&nbsp;&nbsp;4704 | &nbsp;&nbsp;&nbsp;&nbsp;192394 |
| Capri Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;1569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38284 |
| Carter's, Inc. | &nbsp;&nbsp;&nbsp;3145 | &nbsp;&nbsp;&nbsp;&nbsp;101992 |
| Columbia Sportswear Company | &nbsp;&nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;175462 |
| Crocs, Inc. (A) | &nbsp;&nbsp;&nbsp;2308 | &nbsp;&nbsp;&nbsp;&nbsp;197380 |
| Culp, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189 |
| Figs, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31819 |
| Fossil Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12149 |
| G-III Apparel Group, Ltd. | &nbsp;&nbsp;&nbsp;5446 | &nbsp;&nbsp;&nbsp;&nbsp;157716 |
| Lakeland Industries, Inc. (C) | &nbsp;&nbsp;&nbsp;1110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9812 |
| Movado Group, Inc. | &nbsp;&nbsp;&nbsp;1758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36250 |
| Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp;1341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45862 |
| Peace Mark Holdings, Ltd. (A)(B) | 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| PVH Corp. | &nbsp;&nbsp;&nbsp;5823 | &nbsp;&nbsp;&nbsp;&nbsp;390257 |
| Rocky Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23523 |
| Steven Madden, Ltd. | &nbsp;&nbsp;&nbsp;3578 | &nbsp;&nbsp;&nbsp;&nbsp;148988 |
| Superior Group of Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6418 |
| Under Armour, Inc., Class A (A)(C) | &nbsp;&nbsp;17132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85146 |
| Under Armour, Inc., Class C (A) | &nbsp;&nbsp;17114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82147 |
| Unifi, Inc. (A) | &nbsp;&nbsp;&nbsp;2453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8586 |
| Vera Bradley, Inc. (A) | &nbsp;&nbsp;&nbsp;2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4922 |
|  |  | &nbsp;&nbsp;&nbsp;1750296 |
|  |  | 25077820 |
| **Consumer staples – 5.7%** |  |  |
| **Beverages – 0.5%** | **Beverages – 0.5%** |  |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11708 |
| MGP Ingredients, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13875 |
| Molson Coors Beverage Company, Class B | &nbsp;&nbsp;17257 | &nbsp;&nbsp;&nbsp;&nbsp;805557 |
| The Boston Beer Company, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96004 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;927144 |
| **Consumer staples distribution and retail – 1.2%** | **Consumer staples distribution and retail – 1.2%** |  |
| Albertsons Companies, Inc., Class A | &nbsp;&nbsp;33382 | &nbsp;&nbsp;&nbsp;&nbsp;573169 |
| Grocery Outlet Holding Corp. (A)(C) | &nbsp;&nbsp;10381 | &nbsp;&nbsp;&nbsp;&nbsp;104848 |
| Ingles Markets, Inc., Class A (C) | &nbsp;&nbsp;&nbsp;1966 | &nbsp;&nbsp;&nbsp;&nbsp;134769 |
| Maplebear, Inc. (A) | &nbsp;&nbsp;&nbsp;3773 | &nbsp;&nbsp;&nbsp;&nbsp;169710 |
| Performance Food Group Company (A) | &nbsp;&nbsp;&nbsp;3034 | &nbsp;&nbsp;&nbsp;&nbsp;272817 |
| PriceSmart, Inc. | &nbsp;&nbsp;&nbsp;2713 | &nbsp;&nbsp;&nbsp;&nbsp;332804 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 102 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer staples distribution and retail (continued)** | **Consumer staples distribution and retail (continued)** |  |
| The Andersons, Inc. | &nbsp;&nbsp;3985 | $&nbsp;&nbsp;&nbsp;&nbsp;211882 |
| United Natural Foods, Inc. (A) | &nbsp;&nbsp;5928 | &nbsp;&nbsp;&nbsp;&nbsp;199596 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24246 |
| Weis Markets, Inc. | &nbsp;&nbsp;2494 | &nbsp;&nbsp;&nbsp;&nbsp;159840 |
|  |  | &nbsp;&nbsp;&nbsp;2183681 |
| **Food products – 3.4%** | **Food products – 3.4%** |  |
| Alico, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23647 |
| B&G Foods, Inc. (C) | &nbsp;&nbsp;5104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21947 |
| Bunge Global SA | &nbsp;&nbsp;1349 | &nbsp;&nbsp;&nbsp;&nbsp;120169 |
| Calavo Growers, Inc. | &nbsp;&nbsp;1494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32495 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;3931 | &nbsp;&nbsp;&nbsp;&nbsp;312790 |
| Conagra Brands, Inc. | 35678 | &nbsp;&nbsp;&nbsp;&nbsp;617586 |
| Darling Ingredients, Inc. (A) | 14442 | &nbsp;&nbsp;&nbsp;&nbsp;519912 |
| Dole PLC | &nbsp;&nbsp;8043 | &nbsp;&nbsp;&nbsp;&nbsp;120565 |
| Farmer Brothers Company (A) | &nbsp;&nbsp;1069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1561 |
| Flowers Foods, Inc. | 10081 | &nbsp;&nbsp;&nbsp;&nbsp;109681 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;198103 |
| Hormel Foods Corp. | 15195 | &nbsp;&nbsp;&nbsp;&nbsp;360122 |
| Ingredion, Inc. | &nbsp;&nbsp;5152 | &nbsp;&nbsp;&nbsp;&nbsp;568060 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66874 |
| John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47514 |
| Limoneira Company | &nbsp;&nbsp;&nbsp;&nbsp;726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9166 |
| Mission Produce, Inc. (A) | &nbsp;&nbsp;6987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81049 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;9888 | &nbsp;&nbsp;&nbsp;&nbsp;385533 |
| Post Holdings, Inc. (A)(C) | &nbsp;&nbsp;3185 | &nbsp;&nbsp;&nbsp;&nbsp;315474 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;364475 |
| Seneca Foods Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74675 |
| The Campbell's Company | 21637 | &nbsp;&nbsp;&nbsp;&nbsp;603023 |
| The Hain Celestial Group, Inc. (A) | &nbsp;&nbsp;4728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5059 |
| The J.M. Smucker Company | &nbsp;&nbsp;7745 | &nbsp;&nbsp;&nbsp;&nbsp;757538 |
| The Simply Good Foods Company (A) | &nbsp;&nbsp;9045 | &nbsp;&nbsp;&nbsp;&nbsp;181624 |
| Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27875 |
| TreeHouse Foods, Inc. (A) | &nbsp;&nbsp;5848 | &nbsp;&nbsp;&nbsp;&nbsp;137954 |
| Utz Brands, Inc. | &nbsp;&nbsp;4321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44852 |
|  |  | &nbsp;&nbsp;&nbsp;6109323 |
| **Household products – 0.4%** | **Household products – 0.4%** |  |
| Central Garden & Pet Company (A) | &nbsp;&nbsp;1833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58931 |
| Central Garden & Pet Company, Class A (A) | &nbsp;&nbsp;4521 | &nbsp;&nbsp;&nbsp;&nbsp;131968 |
| Oil-Dri Corp. of America | &nbsp;&nbsp;1062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51974 |
| Reynolds Consumer Products, Inc. | 17282 | &nbsp;&nbsp;&nbsp;&nbsp;396103 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;2271 | &nbsp;&nbsp;&nbsp;&nbsp;134171 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;773147 |
| **Personal care products – 0.1%** | **Personal care products – 0.1%** |  |
| Coty, Inc., Class A (A) | &nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275 |
| Edgewell Personal Care Company (C) | &nbsp;&nbsp;6385 | &nbsp;&nbsp;&nbsp;&nbsp;108864 |
| Nature's Sunshine Products, Inc. (A) | &nbsp;&nbsp;1118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24126 |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;2988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28745 |
| The Honest Company, Inc. (A)(C) | &nbsp;&nbsp;3767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9719 |
| USANA Health Sciences, Inc. (A) | &nbsp;&nbsp;1639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32174 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;207903 |
| **Tobacco – 0.1%** | **Tobacco – 0.1%** |  |
| Universal Corp. (C) | &nbsp;&nbsp;2089 | &nbsp;&nbsp;&nbsp;&nbsp;110195 |
|  |  | 10311393 |
| **Energy – 8.9%** |  |  |
| **Energy equipment and services – 2.5%** | **Energy equipment and services – 2.5%** |  |
| Archrock, Inc. | &nbsp;&nbsp;9337 | &nbsp;&nbsp;&nbsp;&nbsp;242949 |
| Atlas Energy Solutions, Inc. (C) | &nbsp;&nbsp;4723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44491 |
| Borr Drilling, Ltd. (A) | &nbsp;&nbsp;7383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29753 |
| Bristow Group, Inc. (A) | &nbsp;&nbsp;2707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99130 |
| Cactus, Inc., Class A | &nbsp;&nbsp;2265 | &nbsp;&nbsp;&nbsp;&nbsp;103465 |
| Core Laboratories, Inc. | &nbsp;&nbsp;3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51937 |
| DMC Global, Inc. (A) | &nbsp;&nbsp;1495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10002 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Energy equipment and services (continued)** | **Energy equipment and services (continued)** |  |
| Expro Group Holdings NV (A) | &nbsp;&nbsp;7270 | $&nbsp;&nbsp;&nbsp;&nbsp;97055 |
| Forum Energy Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;13930 |
| Geospace Technologies Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8726 |
| Helix Energy Solutions Group, Inc. (A) | 15979 | &nbsp;&nbsp;&nbsp;&nbsp;100188 |
| Helmerich & Payne, Inc. | 10203 | &nbsp;&nbsp;&nbsp;&nbsp;292622 |
| Innovex International, Inc. (A) | &nbsp;&nbsp;4094 | &nbsp;&nbsp;&nbsp;&nbsp;89536 |
| Kodiak Gas Services, Inc. | &nbsp;&nbsp;4848 | &nbsp;&nbsp;&nbsp;&nbsp;181315 |
| Liberty Energy, Inc. | 17241 | &nbsp;&nbsp;&nbsp;&nbsp;318269 |
| Nabors Industries, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;28779 |
| National Energy Services Reunited Corp. (A) | &nbsp;&nbsp;3276 | &nbsp;&nbsp;&nbsp;&nbsp;51302 |
| Natural Gas Services Group, Inc. | &nbsp;&nbsp;2299 | &nbsp;&nbsp;&nbsp;&nbsp;77361 |
| Noble Corp. PLC | 12060 | &nbsp;&nbsp;&nbsp;&nbsp;340574 |
| NOV, Inc. (C) | 29216 | &nbsp;&nbsp;&nbsp;&nbsp;456646 |
| Oceaneering International, Inc. (A) | &nbsp;&nbsp;5206 | &nbsp;&nbsp;&nbsp;&nbsp;125100 |
| Oil States International, Inc. (A) | &nbsp;&nbsp;4041 | &nbsp;&nbsp;&nbsp;&nbsp;27358 |
| Patterson-UTI Energy, Inc. | 44990 | &nbsp;&nbsp;&nbsp;&nbsp;274889 |
| ProPetro Holding Corp. (A) | 12321 | &nbsp;&nbsp;&nbsp;&nbsp;117173 |
| Ranger Energy Services, Inc., Class A | &nbsp;&nbsp;1141 | &nbsp;&nbsp;&nbsp;&nbsp;15951 |
| RPC, Inc. (C) | 18302 | &nbsp;&nbsp;&nbsp;&nbsp;99563 |
| SEACOR Marine Holdings, Inc. (A)(C) | &nbsp;&nbsp;2432 | &nbsp;&nbsp;&nbsp;&nbsp;14641 |
| Seadrill, Ltd. (A) | &nbsp;&nbsp;5319 | &nbsp;&nbsp;&nbsp;&nbsp;184037 |
| Select Water Solutions, Inc. | &nbsp;&nbsp;9501 | &nbsp;&nbsp;&nbsp;&nbsp;99951 |
| TETRA Technologies, Inc. (A) | &nbsp;&nbsp;8102 | &nbsp;&nbsp;&nbsp;&nbsp;75916 |
| Tidewater, Inc. (A) | &nbsp;&nbsp;2637 | &nbsp;&nbsp;&nbsp;&nbsp;133195 |
| Transocean, Ltd. (A) | 59579 | &nbsp;&nbsp;&nbsp;&nbsp;246061 |
| Valaris, Ltd. (A) | &nbsp;&nbsp;6022 | &nbsp;&nbsp;&nbsp;&nbsp;303509 |
| Weatherford International PLC | &nbsp;&nbsp;2208 | &nbsp;&nbsp;&nbsp;&nbsp;172798 |
|  |  | 4528172 |
| **Oil, gas and consumable fuels – 6.4%** | **Oil, gas and consumable fuels – 6.4%** |  |
| Amplify Energy Corp. (A) | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6855 |
| Antero Resources Corp. (A) | 14136 | &nbsp;&nbsp;&nbsp;&nbsp;487127 |
| APA Corp. | 34160 | &nbsp;&nbsp;&nbsp;&nbsp;835554 |
| Ardmore Shipping Corp. | &nbsp;&nbsp;3297 | &nbsp;&nbsp;&nbsp;&nbsp;34915 |
| California Resources Corp. | &nbsp;&nbsp;8117 | &nbsp;&nbsp;&nbsp;&nbsp;362911 |
| Chord Energy Corp. | &nbsp;&nbsp;2859 | &nbsp;&nbsp;&nbsp;&nbsp;265029 |
| Civitas Resources, Inc. | &nbsp;&nbsp;8282 | &nbsp;&nbsp;&nbsp;&nbsp;224359 |
| Clean Energy Fuels Corp. (A) | 11002 | &nbsp;&nbsp;&nbsp;&nbsp;23104 |
| CNX Resources Corp. (A) | 16223 | &nbsp;&nbsp;&nbsp;&nbsp;596520 |
| Comstock Resources, Inc. (A)(C) | 12510 | &nbsp;&nbsp;&nbsp;&nbsp;289982 |
| Core Natural Resources, Inc. | &nbsp;&nbsp;2002 | &nbsp;&nbsp;&nbsp;&nbsp;177197 |
| Crescent Energy Company, Class A | 23094 | &nbsp;&nbsp;&nbsp;&nbsp;193759 |
| CVR Energy, Inc. (A) | &nbsp;&nbsp;1274 | &nbsp;&nbsp;&nbsp;&nbsp;32411 |
| DHT Holdings, Inc. | 14515 | &nbsp;&nbsp;&nbsp;&nbsp;177228 |
| Dorian LPG, Ltd. | &nbsp;&nbsp;5467 | &nbsp;&nbsp;&nbsp;&nbsp;133067 |
| DT Midstream, Inc. | &nbsp;&nbsp;4039 | &nbsp;&nbsp;&nbsp;&nbsp;483388 |
| Evolution Petroleum Corp. | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6018 |
| FutureFuel Corp. | &nbsp;&nbsp;4276 | &nbsp;&nbsp;&nbsp;&nbsp;13640 |
| Granite Ridge Resources, Inc. | &nbsp;&nbsp;9757 | &nbsp;&nbsp;&nbsp;&nbsp;45858 |
| Green Plains, Inc. (A) | &nbsp;&nbsp;3377 | &nbsp;&nbsp;&nbsp;&nbsp;33095 |
| Gulfport Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;922 | &nbsp;&nbsp;&nbsp;&nbsp;191767 |
| HF Sinclair Corp. | 15888 | &nbsp;&nbsp;&nbsp;&nbsp;732119 |
| International Seaways, Inc. | &nbsp;&nbsp;5151 | &nbsp;&nbsp;&nbsp;&nbsp;250081 |
| Kosmos Energy, Ltd. (A) | 16832 | &nbsp;&nbsp;&nbsp;&nbsp;15273 |
| Magnolia Oil & Gas Corp., Class A | 16854 | &nbsp;&nbsp;&nbsp;&nbsp;368934 |
| Matador Resources Company | 11287 | &nbsp;&nbsp;&nbsp;&nbsp;479020 |
| Murphy Oil Corp. | 16753 | &nbsp;&nbsp;&nbsp;&nbsp;523531 |
| NACCO Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;34328 |
| Nordic American Tankers, Ltd. | 20225 | &nbsp;&nbsp;&nbsp;&nbsp;69574 |
| Northern Oil and Gas, Inc. | &nbsp;&nbsp;9425 | &nbsp;&nbsp;&nbsp;&nbsp;202355 |
| Ovintiv, Inc. | 22193 | &nbsp;&nbsp;&nbsp;&nbsp;869744 |
| Par Pacific Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;657 | &nbsp;&nbsp;&nbsp;&nbsp;23087 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;1908 | &nbsp;&nbsp;&nbsp;&nbsp;51745 |
| Peabody Energy Corp. | 10327 | &nbsp;&nbsp;&nbsp;&nbsp;306712 |
| Permian Resources Corp. | 66420 | &nbsp;&nbsp;&nbsp;&nbsp;931873 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 103 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| PrimeEnergy Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;140 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23940 |
| Range Resources Corp. | 12490 | &nbsp;&nbsp;&nbsp;&nbsp;440397 |
| REX American Resources Corp. (A) | &nbsp;&nbsp;3776 | &nbsp;&nbsp;&nbsp;&nbsp;122040 |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp;1631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43058 |
| SandRidge Energy, Inc. | &nbsp;&nbsp;3343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48239 |
| Scorpio Tankers, Inc. | &nbsp;&nbsp;5970 | &nbsp;&nbsp;&nbsp;&nbsp;303455 |
| SFL Corp., Ltd. (C) | 12426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97047 |
| SM Energy Company | 11859 | &nbsp;&nbsp;&nbsp;&nbsp;221763 |
| Talos Energy, Inc. (A)(C) | 16487 | &nbsp;&nbsp;&nbsp;&nbsp;181687 |
| Teekay Corp., Ltd. | &nbsp;&nbsp;7202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65034 |
| Teekay Tankers, Ltd., Class A | &nbsp;&nbsp;3513 | &nbsp;&nbsp;&nbsp;&nbsp;187664 |
| VAALCO Energy, Inc. | &nbsp;&nbsp;6882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25050 |
| Viper Energy, Inc., Class A | &nbsp;&nbsp;2391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92364 |
| Vitesse Energy, Inc. (C) | &nbsp;&nbsp;1343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25866 |
| World Kinect Corp. | &nbsp;&nbsp;6191 | &nbsp;&nbsp;&nbsp;&nbsp;145055 |
|  |  | 11494819 |
|  |  | 16022991 |
| **Financials – 29.5%** |  |  |
| **Banks – 17.8%** | **Banks – 17.8%** |  |
| 1st Source Corp. | &nbsp;&nbsp;2221 | &nbsp;&nbsp;&nbsp;&nbsp;138790 |
| ACNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31331 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;2746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87954 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;3652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71251 |
| Ameris Bancorp | &nbsp;&nbsp;5877 | &nbsp;&nbsp;&nbsp;&nbsp;436485 |
| Ames National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11480 |
| Arrow Financial Corp. | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36110 |
| Associated Banc-Corp. | 15675 | &nbsp;&nbsp;&nbsp;&nbsp;403788 |
| Atlantic Union Bankshares Corp. | 11953 | &nbsp;&nbsp;&nbsp;&nbsp;421941 |
| Axos Financial, Inc. (A) | &nbsp;&nbsp;5130 | &nbsp;&nbsp;&nbsp;&nbsp;442001 |
| Banc of California, Inc. | &nbsp;&nbsp;7844 | &nbsp;&nbsp;&nbsp;&nbsp;151311 |
| Bank First Corp. | &nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22780 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49363 |
| Bank of Marin Bancorp | &nbsp;&nbsp;2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52826 |
| Bank OZK (C) | 11075 | &nbsp;&nbsp;&nbsp;&nbsp;509672 |
| Bank7 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12007 |
| BankFinancial Corp. | &nbsp;&nbsp;2146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25752 |
| BankUnited, Inc. | &nbsp;&nbsp;7426 | &nbsp;&nbsp;&nbsp;&nbsp;330977 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18328 |
| Banner Corp. | &nbsp;&nbsp;3299 | &nbsp;&nbsp;&nbsp;&nbsp;206715 |
| Bar Harbor Bankshares | &nbsp;&nbsp;2090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64895 |
| BayCom Corp. | &nbsp;&nbsp;1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33075 |
| BCB Bancorp, Inc. | &nbsp;&nbsp;1477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11919 |
| Beacon Financial Corp. | 11086 | &nbsp;&nbsp;&nbsp;&nbsp;292338 |
| Blue Foundry Bancorp (A) | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11336 |
| Blue Ridge Bankshares, Inc. | &nbsp;&nbsp;3675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15692 |
| BOK Financial Corp. | &nbsp;&nbsp;4828 | &nbsp;&nbsp;&nbsp;&nbsp;571925 |
| Bridgewater Bancshares, Inc. (A) | &nbsp;&nbsp;1759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30835 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;2110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55155 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;4069 | &nbsp;&nbsp;&nbsp;&nbsp;118611 |
| C&F Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22648 |
| Cadence Bank (C) | 17565 | &nbsp;&nbsp;&nbsp;&nbsp;752485 |
| California BanCorp | &nbsp;&nbsp;2293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42810 |
| Camden National Corp. | &nbsp;&nbsp;1655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71794 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29269 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;2242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95442 |
| Capitol Federal Financial, Inc. | 13578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92466 |
| Carter Bankshares, Inc. (A) | &nbsp;&nbsp;1494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29372 |
| Cathay General Bancorp | &nbsp;&nbsp;6640 | &nbsp;&nbsp;&nbsp;&nbsp;321310 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;2460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76654 |
| Chemung Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40343 |
| ChoiceOne Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20546 |
| Citizens & Northern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19363 |
| City Holding Company | &nbsp;&nbsp;&nbsp;&nbsp;102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12158 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;1114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24753 |
| CNB Financial Corp. | &nbsp;&nbsp;2328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60924 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;959 | $&nbsp;&nbsp;&nbsp;17089 |
| Columbia Banking System, Inc. | 30344 | 848115 |
| Columbia Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;9324 |
| Comerica, Inc. (C) | 11199 | 973529 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;3714 | 194383 |
| Community Financial System, Inc. | &nbsp;&nbsp;3533 | 202936 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;1985 | 112153 |
| Community West Bancshares | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;27000 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;4667 | 122369 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;1798 | 227681 |
| Customers Bancorp, Inc. (A) | &nbsp;&nbsp;2981 | 217971 |
| CVB Financial Corp. | 11610 | 215946 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;3984 | 119879 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;3671 | &nbsp;&nbsp;&nbsp;78633 |
| East West Bancorp, Inc. | &nbsp;&nbsp;1730 | 194435 |
| Eastern Bankshares, Inc. | 13514 | 249063 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;3431 | 185274 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;1442 | &nbsp;&nbsp;&nbsp;64385 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;323 | &nbsp;&nbsp;&nbsp;&nbsp;7985 |
| Farmers National Banc Corp. | &nbsp;&nbsp;2674 | &nbsp;&nbsp;&nbsp;35618 |
| FB Financial Corp. (C) | &nbsp;&nbsp;4580 | 255564 |
| Financial Institutions, Inc. | &nbsp;&nbsp;1894 | &nbsp;&nbsp;&nbsp;59036 |
| First Bancorp (North Carolina) | &nbsp;&nbsp;3610 | 183352 |
| First Bancorp (Puerto Rico) | 16954 | 351456 |
| First Bank | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;26336 |
| First Busey Corp. | &nbsp;&nbsp;7814 | 185895 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;1274 | &nbsp;&nbsp;&nbsp;69178 |
| First Commonwealth Financial Corp. | 10059 | 169595 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;1904 | &nbsp;&nbsp;&nbsp;64222 |
| First Community Corp. | &nbsp;&nbsp;&nbsp;&nbsp;434 | &nbsp;&nbsp;&nbsp;12868 |
| First Financial Bancorp | &nbsp;&nbsp;9095 | 227557 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;21656 |
| First Financial Corp. | &nbsp;&nbsp;1325 | &nbsp;&nbsp;&nbsp;80057 |
| First Foundation, Inc. (A) | &nbsp;&nbsp;6123 | &nbsp;&nbsp;&nbsp;37718 |
| First Hawaiian, Inc. | 11994 | 303448 |
| First Horizon Corp. | 40043 | 957028 |
| First Internet Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;16216 |
| First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;8824 | 305310 |
| First Merchants Corp. | &nbsp;&nbsp;4867 | 182415 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;2091 | &nbsp;&nbsp;&nbsp;81549 |
| First Northwest Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;7504 |
| First Western Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;421 | &nbsp;&nbsp;&nbsp;11287 |
| Firstsun Capital Bancorp (A) | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;16371 |
| Five Star Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;33132 |
| Flushing Financial Corp. | &nbsp;&nbsp;3925 | &nbsp;&nbsp;&nbsp;59542 |
| FNB Corp. | 31117 | 532101 |
| FS Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;16468 |
| Fulton Financial Corp. | 18051 | 348926 |
| German American Bancorp, Inc. | &nbsp;&nbsp;1684 | &nbsp;&nbsp;&nbsp;65979 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;30527 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;1117 | &nbsp;&nbsp;&nbsp;68763 |
| Hancock Whitney Corp. | &nbsp;&nbsp;7556 | 481166 |
| Hanmi Financial Corp. | &nbsp;&nbsp;3548 | &nbsp;&nbsp;&nbsp;95902 |
| HBT Financial, Inc. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;31020 |
| Heritage Commerce Corp. | &nbsp;&nbsp;6790 | &nbsp;&nbsp;&nbsp;81548 |
| Heritage Financial Corp. | &nbsp;&nbsp;3545 | &nbsp;&nbsp;&nbsp;83839 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp;3960 | 134402 |
| Home Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;53523 |
| Home BancShares, Inc. | &nbsp;&nbsp;7879 | 218879 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;1161 | &nbsp;&nbsp;&nbsp;49853 |
| Hope Bancorp, Inc. | 13236 | 145067 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;4797 | &nbsp;&nbsp;&nbsp;81357 |
| Independent Bank Corp. (Massachusetts) | &nbsp;&nbsp;3736 | 273027 |
| Independent Bank Corp. (Michigan) | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;73193 |
| International Bancshares Corp. | &nbsp;&nbsp;5105 | 339176 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 104 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Investar Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | $&nbsp;&nbsp;&nbsp;13360 |
| Kearny Financial Corp. | &nbsp;&nbsp;8307 | &nbsp;&nbsp;&nbsp;61555 |
| Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;20941 |
| LCNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;9834 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;2128 | &nbsp;&nbsp;&nbsp;73097 |
| Mechanics Bancorp, Class A | &nbsp;&nbsp;1802 | &nbsp;&nbsp;&nbsp;26363 |
| Mercantile Bank Corp. | &nbsp;&nbsp;1666 | &nbsp;&nbsp;&nbsp;80135 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;1534 | &nbsp;&nbsp;&nbsp;40712 |
| Metropolitan Bank Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;854 | &nbsp;&nbsp;&nbsp;65211 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;37100 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;1553 | &nbsp;&nbsp;&nbsp;32877 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;60330 |
| MVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;20070 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;3153 | 119846 |
| National Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;622 | &nbsp;&nbsp;&nbsp;20856 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;4510 | 187255 |
| Nicolet Bankshares, Inc. | &nbsp;&nbsp;1214 | 147258 |
| Northeast Bank | &nbsp;&nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;80026 |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp;9835 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;5738 | &nbsp;&nbsp;&nbsp;65585 |
| Northrim BanCorp, Inc. | &nbsp;&nbsp;2608 | &nbsp;&nbsp;&nbsp;69399 |
| Northwest Bancshares, Inc. | 13082 | 156984 |
| Norwood Financial Corp. | &nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;33323 |
| OceanFirst Financial Corp. | &nbsp;&nbsp;6369 | 114324 |
| OFG Bancorp | &nbsp;&nbsp;4703 | 192729 |
| Old National Bancorp | 24670 | 550388 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;4574 | &nbsp;&nbsp;&nbsp;89193 |
| OP Bancorp | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;14120 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;13361 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;2367 | &nbsp;&nbsp;&nbsp;89023 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;1191 | &nbsp;&nbsp;&nbsp;42185 |
| Park National Corp. | &nbsp;&nbsp;1236 | 188094 |
| Pathward Financial, Inc. | &nbsp;&nbsp;1629 | 115659 |
| PCB Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;18099 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;1625 | &nbsp;&nbsp;&nbsp;45256 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;3396 | 101982 |
| Peoples Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;32782 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;5134 | 489835 |
| Ponce Financial Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;13047 |
| Popular, Inc. | &nbsp;&nbsp;5254 | 654228 |
| Preferred Bank (C) | &nbsp;&nbsp;1142 | 107839 |
| Primis Financial Corp. | &nbsp;&nbsp;3854 | &nbsp;&nbsp;&nbsp;53609 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;8511 | 588195 |
| Provident Financial Holdings, Inc. | &nbsp;&nbsp;1778 | &nbsp;&nbsp;&nbsp;28288 |
| Provident Financial Services, Inc. | 11642 | 229930 |
| QCR Holdings, Inc. | &nbsp;&nbsp;1449 | 120702 |
| RBB Bancorp | &nbsp;&nbsp;1075 | &nbsp;&nbsp;&nbsp;22188 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;26072 |
| Renasant Corp. | &nbsp;&nbsp;8041 | 283204 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;1139 | &nbsp;&nbsp;&nbsp;78580 |
| Riverview Bancorp, Inc. | &nbsp;&nbsp;3925 | &nbsp;&nbsp;&nbsp;19704 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;3678 | 144729 |
| Seacoast Banking Corp. of Florida | &nbsp;&nbsp;4717 | 148208 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;19024 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;3724 | &nbsp;&nbsp;&nbsp;65840 |
| Sierra Bancorp | &nbsp;&nbsp;1759 | &nbsp;&nbsp;&nbsp;57484 |
| Simmons First National Corp., Class A | &nbsp;&nbsp;9791 | 184560 |
| SmartFinancial, Inc. | &nbsp;&nbsp;1186 | &nbsp;&nbsp;&nbsp;43870 |
| South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;954 | &nbsp;&nbsp;&nbsp;37015 |
| Southern First Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;27666 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;1012 | &nbsp;&nbsp;&nbsp;59829 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;2314 | &nbsp;&nbsp;&nbsp;70322 |
| SouthState Bank Corp. | &nbsp;&nbsp;7682 | 722953 |
| Stellar Bancorp, Inc. | &nbsp;&nbsp;3617 | 111910 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;47089 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Synovus Financial Corp. | &nbsp;&nbsp;5872 | $&nbsp;&nbsp;&nbsp;&nbsp;293894 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;4127 | &nbsp;&nbsp;&nbsp;&nbsp;373659 |
| TFS Financial Corp. | &nbsp;&nbsp;1758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23522 |
| The Bank of NT Butterfield & Son, Ltd. | &nbsp;&nbsp;2175 | &nbsp;&nbsp;&nbsp;&nbsp;108359 |
| The First Bancorp, Inc. | &nbsp;&nbsp;1316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34795 |
| The Hingham Institution for Savings | &nbsp;&nbsp;&nbsp;&nbsp;69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19593 |
| Third Coast Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33487 |
| Tompkins Financial Corp. | &nbsp;&nbsp;1266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91810 |
| Towne Bank | &nbsp;&nbsp;6599 | &nbsp;&nbsp;&nbsp;&nbsp;220209 |
| TriCo Bancshares | &nbsp;&nbsp;1995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94503 |
| Triumph Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54801 |
| Trustmark Corp. | &nbsp;&nbsp;6793 | &nbsp;&nbsp;&nbsp;&nbsp;264587 |
| UMB Financial Corp. | &nbsp;&nbsp;4166 | &nbsp;&nbsp;&nbsp;&nbsp;479257 |
| United Bankshares, Inc. | 12184 | &nbsp;&nbsp;&nbsp;&nbsp;467866 |
| United Community Banks, Inc. | 10335 | &nbsp;&nbsp;&nbsp;&nbsp;322659 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46858 |
| Univest Financial Corp. | &nbsp;&nbsp;3139 | &nbsp;&nbsp;&nbsp;&nbsp;102771 |
| Valley National Bancorp | 49284 | &nbsp;&nbsp;&nbsp;&nbsp;575637 |
| WaFd, Inc. | &nbsp;&nbsp;7756 | &nbsp;&nbsp;&nbsp;&nbsp;248425 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;1795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53042 |
| Webster Financial Corp. (C) | 14613 | &nbsp;&nbsp;&nbsp;&nbsp;919742 |
| WesBanco, Inc. | &nbsp;&nbsp;8696 | &nbsp;&nbsp;&nbsp;&nbsp;289055 |
| Westamerica BanCorp | &nbsp;&nbsp;1332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63710 |
| Western Alliance Bancorp | &nbsp;&nbsp;4595 | &nbsp;&nbsp;&nbsp;&nbsp;386302 |
| Western New England Bancorp, Inc. | &nbsp;&nbsp;3609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45546 |
| Wintrust Financial Corp. | &nbsp;&nbsp;3477 | &nbsp;&nbsp;&nbsp;&nbsp;486154 |
| WSFS Financial Corp. | &nbsp;&nbsp;4815 | &nbsp;&nbsp;&nbsp;&nbsp;265981 |
| Zions Bancorp NA | 13627 | &nbsp;&nbsp;&nbsp;&nbsp;797725 |
|  |  | 32064772 |
| **Capital markets – 1.7%** | **Capital markets – 1.7%** |  |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;108682 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29154 |
| DigitalBridge Group, Inc. | &nbsp;&nbsp;6789 | &nbsp;&nbsp;&nbsp;&nbsp;104143 |
| Franklin Resources, Inc. | 33033 | &nbsp;&nbsp;&nbsp;&nbsp;789158 |
| Invesco, Ltd. | 38955 | &nbsp;&nbsp;&nbsp;1023348 |
| Janus Henderson Group PLC | 13228 | &nbsp;&nbsp;&nbsp;&nbsp;629256 |
| Oppenheimer Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59061 |
| Stifel Financial Corp. | &nbsp;&nbsp;1138 | &nbsp;&nbsp;&nbsp;&nbsp;142500 |
| StoneX Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80099 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58295 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90711 |
|  |  | &nbsp;&nbsp;&nbsp;3114407 |
| **Consumer finance – 2.2%** | **Consumer finance – 2.2%** |  |
| Ally Financial, Inc. (C) | 24039 | &nbsp;&nbsp;&nbsp;1088726 |
| Atlanticus Holdings Corp. (A) | &nbsp;&nbsp;1012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67753 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;5224 | &nbsp;&nbsp;&nbsp;&nbsp;386733 |
| Consumer Portfolio Services, Inc. (A)(C) | &nbsp;&nbsp;1066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9946 |
| Credit Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28381 |
| Encore Capital Group, Inc. (A) | &nbsp;&nbsp;1035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56252 |
| Enova International, Inc. (A) | &nbsp;&nbsp;2138 | &nbsp;&nbsp;&nbsp;&nbsp;336094 |
| EZCORP, Inc., Class A (A) | &nbsp;&nbsp;6064 | &nbsp;&nbsp;&nbsp;&nbsp;117763 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31079 |
| Green Dot Corp., Class A (A) | &nbsp;&nbsp;5713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73184 |
| LendingClub Corp. (A) | &nbsp;&nbsp;9687 | &nbsp;&nbsp;&nbsp;&nbsp;183472 |
| Navient Corp. (C) | 11291 | &nbsp;&nbsp;&nbsp;&nbsp;146783 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;2752 | &nbsp;&nbsp;&nbsp;&nbsp;365906 |
| NerdWallet, Inc., Class A (A) | &nbsp;&nbsp;2380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32249 |
| OneMain Holdings, Inc. | 10668 | &nbsp;&nbsp;&nbsp;&nbsp;720623 |
| Oportun Financial Corp. (A) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6660 |
| PRA Group, Inc. (A) | &nbsp;&nbsp;4305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76155 |
| PROG Holdings, Inc. | &nbsp;&nbsp;1807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53288 |
| Regional Management Corp. | &nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22204 |
| SLM Corp. | &nbsp;&nbsp;5196 | &nbsp;&nbsp;&nbsp;&nbsp;140604 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 105 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer finance (continued)** | **Consumer finance (continued)** |  |
| World Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;247 | $&nbsp;&nbsp;&nbsp;&nbsp;34676 |
|  |  | 3978531 |
| **Financial services – 2.3%** | **Financial services – 2.3%** |  |
| Acacia Research Corp. (A) | &nbsp;&nbsp;5453 | &nbsp;&nbsp;&nbsp;&nbsp;20394 |
| Alerus Financial Corp. | &nbsp;&nbsp;1790 | &nbsp;&nbsp;&nbsp;&nbsp;40311 |
| California First Leasing Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3934 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;14034 |
| Enact Holdings, Inc. | &nbsp;&nbsp;5826 | &nbsp;&nbsp;&nbsp;&nbsp;230943 |
| Essent Group, Ltd. | &nbsp;&nbsp;8696 | &nbsp;&nbsp;&nbsp;&nbsp;565327 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;157662 |
| Flywire Corp. (A) | &nbsp;&nbsp;1868 | &nbsp;&nbsp;&nbsp;&nbsp;26451 |
| Jackson Financial, Inc., Class A | &nbsp;&nbsp;7265 | &nbsp;&nbsp;&nbsp;&nbsp;774812 |
| Merchants Bancorp | &nbsp;&nbsp;2523 | &nbsp;&nbsp;&nbsp;&nbsp;85933 |
| MGIC Investment Corp. | 21346 | &nbsp;&nbsp;&nbsp;&nbsp;623730 |
| NMI Holdings, Inc. (A) | &nbsp;&nbsp;7442 | &nbsp;&nbsp;&nbsp;&nbsp;303559 |
| Onity Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;14424 |
| Paysafe, Ltd. (A)(C) | &nbsp;&nbsp;4562 | &nbsp;&nbsp;&nbsp;&nbsp;36907 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;494400 |
| Radian Group, Inc. | &nbsp;&nbsp;9022 | &nbsp;&nbsp;&nbsp;&nbsp;324702 |
| Repay Holdings Corp. (A) | &nbsp;&nbsp;3834 | &nbsp;&nbsp;&nbsp;&nbsp;13994 |
| The Western Union Company | &nbsp;&nbsp;2473 | &nbsp;&nbsp;&nbsp;&nbsp;23024 |
| TrustCo Bank Corp. NY | &nbsp;&nbsp;2163 | &nbsp;&nbsp;&nbsp;&nbsp;89397 |
| Velocity Financial, Inc. (A) | &nbsp;&nbsp;2333 | &nbsp;&nbsp;&nbsp;&nbsp;48433 |
| Voya Financial, Inc. | &nbsp;&nbsp;2868 | &nbsp;&nbsp;&nbsp;&nbsp;213637 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;1425 | &nbsp;&nbsp;&nbsp;&nbsp;85714 |
| Waterstone Financial, Inc. | &nbsp;&nbsp;3889 | &nbsp;&nbsp;&nbsp;&nbsp;64363 |
|  |  | 4256085 |
| **Insurance – 5.5%** | **Insurance – 5.5%** |  |
| American Coastal Insurance Corp. | &nbsp;&nbsp;2809 | &nbsp;&nbsp;&nbsp;&nbsp;35478 |
| American Financial Group, Inc. | &nbsp;&nbsp;2344 | &nbsp;&nbsp;&nbsp;&nbsp;320378 |
| Assurant, Inc. | &nbsp;&nbsp;1409 | &nbsp;&nbsp;&nbsp;&nbsp;339358 |
| Assured Guaranty, Ltd. | &nbsp;&nbsp;3868 | &nbsp;&nbsp;&nbsp;&nbsp;347617 |
| Axis Capital Holdings, Ltd. | &nbsp;&nbsp;4858 | &nbsp;&nbsp;&nbsp;&nbsp;520243 |
| Brighthouse Financial, Inc. (A)(C) | &nbsp;&nbsp;5735 | &nbsp;&nbsp;&nbsp;&nbsp;371571 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;9400 | &nbsp;&nbsp;&nbsp;&nbsp;399218 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;3869 | &nbsp;&nbsp;&nbsp;&nbsp;77303 |
| Employers Holdings, Inc. | &nbsp;&nbsp;3280 | &nbsp;&nbsp;&nbsp;&nbsp;141598 |
| Everest Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;83480 |
| F&G Annuities & Life, Inc. | &nbsp;&nbsp;1303 | &nbsp;&nbsp;&nbsp;&nbsp;40198 |
| Fidelis Insurance Holdings, Ltd. | &nbsp;&nbsp;2447 | &nbsp;&nbsp;&nbsp;&nbsp;47888 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;4836 | &nbsp;&nbsp;&nbsp;&nbsp;263997 |
| First American Financial Corp. | &nbsp;&nbsp;8688 | &nbsp;&nbsp;&nbsp;&nbsp;533791 |
| Genworth Financial, Inc. (A) | 40497 | &nbsp;&nbsp;&nbsp;&nbsp;365688 |
| Globe Life, Inc. | &nbsp;&nbsp;4403 | &nbsp;&nbsp;&nbsp;&nbsp;615804 |
| Greenlight Capital Re, Ltd., Class A (A) | &nbsp;&nbsp;3417 | &nbsp;&nbsp;&nbsp;&nbsp;49820 |
| Hamilton Insurance Group, Ltd., Class B (A) | &nbsp;&nbsp;2452 | &nbsp;&nbsp;&nbsp;&nbsp;68411 |
| Heritage Insurance Holdings, Inc. (A) | &nbsp;&nbsp;2137 | &nbsp;&nbsp;&nbsp;&nbsp;62529 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;4103 | &nbsp;&nbsp;&nbsp;&nbsp;189477 |
| Investors Title Company | &nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;50677 |
| James River Group Holdings, Inc. | &nbsp;&nbsp;2157 | &nbsp;&nbsp;&nbsp;&nbsp;13719 |
| Kemper Corp. | &nbsp;&nbsp;4883 | &nbsp;&nbsp;&nbsp;&nbsp;197957 |
| Lincoln National Corp. | &nbsp;&nbsp;8927 | &nbsp;&nbsp;&nbsp;&nbsp;397519 |
| Mercury General Corp. | &nbsp;&nbsp;3856 | &nbsp;&nbsp;&nbsp;&nbsp;362695 |
| Octave Specialty Group, Inc. (A) | &nbsp;&nbsp;3281 | &nbsp;&nbsp;&nbsp;&nbsp;25526 |
| Old Republic International Corp. | &nbsp;&nbsp;9967 | &nbsp;&nbsp;&nbsp;&nbsp;454894 |
| ProAssurance Corp. (A) | &nbsp;&nbsp;4655 | &nbsp;&nbsp;&nbsp;&nbsp;112465 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;2571 | &nbsp;&nbsp;&nbsp;&nbsp;523096 |
| RenaissanceRe Holdings, Ltd. | &nbsp;&nbsp;2743 | &nbsp;&nbsp;&nbsp;&nbsp;771222 |
| RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;924 | &nbsp;&nbsp;&nbsp;&nbsp;59118 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;1112 | &nbsp;&nbsp;&nbsp;&nbsp;86636 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;23511 |
| SelectQuote, Inc. (A) | &nbsp;&nbsp;9833 | &nbsp;&nbsp;&nbsp;&nbsp;13865 |
| SiriusPoint, Ltd. (A) | 12227 | &nbsp;&nbsp;&nbsp;&nbsp;267649 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Stewart Information Services Corp. | &nbsp;&nbsp;2456 | $&nbsp;&nbsp;&nbsp;&nbsp;172559 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;757 | &nbsp;&nbsp;&nbsp;&nbsp;138357 |
| Tiptree, Inc. | &nbsp;&nbsp;4589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83841 |
| United Fire Group, Inc. | &nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76662 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;3446 | &nbsp;&nbsp;&nbsp;&nbsp;116475 |
| Unum Group | &nbsp;&nbsp;9284 | &nbsp;&nbsp;&nbsp;&nbsp;719510 |
| White Mountains Insurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;384436 |
|  |  | &nbsp;&nbsp;&nbsp;9926236 |
|  |  | 53340031 |
| **Health care – 7.5%** |  |  |
| **Biotechnology – 0.6%** | **Biotechnology – 0.6%** |  |
| Alkermes PLC (A) | &nbsp;&nbsp;3076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86066 |
| Allogene Therapeutics, Inc. (A) | &nbsp;&nbsp;4442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6086 |
| Anika Therapeutics, Inc. (A) | &nbsp;&nbsp;1585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15232 |
| Arcturus Therapeutics Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4708 |
| BioMarin Pharmaceutical, Inc. (A) | &nbsp;&nbsp;1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82311 |
| BioNTech SE, ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34653 |
| CareDx, Inc. (A) | &nbsp;&nbsp;1713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32273 |
| Catalyst Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34823 |
| CRISPR Therapeutics AG (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19245 |
| Cullinan Therapeutics, Inc. (A) | &nbsp;&nbsp;1880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19458 |
| Day One Biopharmaceuticals, Inc. (A) | &nbsp;&nbsp;2917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27186 |
| Dynavax Technologies Corp. (A) | &nbsp;&nbsp;2865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44064 |
| Emergent BioSolutions, Inc. (A) | &nbsp;&nbsp;2676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33075 |
| Intellia Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;1569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14105 |
| iTeos Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158 |
| Janux Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11992 |
| Kodiak Sciences, Inc. (A) | &nbsp;&nbsp;1185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33133 |
| Monte Rosa Therapeutics, Inc. (A) | &nbsp;&nbsp;1969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30874 |
| Myriad Genetics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4803 |
| Nkarta, Inc. (A) | &nbsp;&nbsp;2121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3924 |
| Organogenesis Holdings, Inc. (A) | &nbsp;&nbsp;6172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31971 |
| PDL BioPharma, Inc. (A)(B) | &nbsp;&nbsp;5434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869 |
| Prothena Corp. PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9292 |
| REGENXBIO, Inc. (A) | &nbsp;&nbsp;1845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26568 |
| Relay Therapeutics, Inc. (A) | &nbsp;&nbsp;3430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29018 |
| Sage Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;2478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446 |
| Vanda Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;4716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41595 |
| Veracyte, Inc. (A) | &nbsp;&nbsp;7060 | &nbsp;&nbsp;&nbsp;&nbsp;297226 |
| Vir Biotechnology, Inc. (A) | &nbsp;&nbsp;5512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33237 |
| Voyager Therapeutics, Inc. (A) | &nbsp;&nbsp;1361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5349 |
| Xencor, Inc. (A) | &nbsp;&nbsp;2288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35029 |
|  |  | &nbsp;&nbsp;&nbsp;1048769 |
| **Health care equipment and supplies – 1.5%** | **Health care equipment and supplies – 1.5%** |  |
| Acme United Corp. (C) | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29547 |
| Align Technology, Inc. (A) | &nbsp;&nbsp;1056 | &nbsp;&nbsp;&nbsp;&nbsp;164894 |
| AngioDynamics, Inc. (A) | &nbsp;&nbsp;2371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30444 |
| Avanos Medical, Inc. (A) | &nbsp;&nbsp;5595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62832 |
| CONMED Corp. | &nbsp;&nbsp;1313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53308 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;4688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53584 |
| Enovis Corp. (A) | &nbsp;&nbsp;6058 | &nbsp;&nbsp;&nbsp;&nbsp;161385 |
| Envista Holdings Corp. (A) | 15329 | &nbsp;&nbsp;&nbsp;&nbsp;332793 |
| FONAR Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8593 |
| Globus Medical, Inc., Class A (A) | &nbsp;&nbsp;1225 | &nbsp;&nbsp;&nbsp;&nbsp;106955 |
| Haemonetics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26850 |
| ICU Medical, Inc. (A) | &nbsp;&nbsp;1490 | &nbsp;&nbsp;&nbsp;&nbsp;212578 |
| Inogen, Inc. (A) | &nbsp;&nbsp;1678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11276 |
| Integer Holdings Corp. (A) | &nbsp;&nbsp;1801 | &nbsp;&nbsp;&nbsp;&nbsp;141252 |
| Integra LifeSciences Holdings Corp. (A) | &nbsp;&nbsp;5794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71961 |
| Kewaunee Scientific Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3105 |
| LivaNova PLC (A) | &nbsp;&nbsp;2219 | &nbsp;&nbsp;&nbsp;&nbsp;136535 |
| Neogen Corp. (A) | 19887 | &nbsp;&nbsp;&nbsp;&nbsp;139010 |
| Omnicell, Inc. (A) | &nbsp;&nbsp;3918 | &nbsp;&nbsp;&nbsp;&nbsp;177485 |
| OraSure Technologies, Inc. (A) | &nbsp;&nbsp;4040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9777 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 106 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| Orthofix Medical, Inc. (A) | &nbsp;&nbsp;2456 | $&nbsp;&nbsp;&nbsp;&nbsp;37233 |
| OrthoPediatrics Corp. (A) | &nbsp;&nbsp;1896 | &nbsp;&nbsp;&nbsp;&nbsp;33673 |
| QuidelOrtho Corp. (A) | &nbsp;&nbsp;5901 | &nbsp;&nbsp;&nbsp;&nbsp;168533 |
| STAAR Surgical Company (A) | &nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp;39138 |
| Tactile Systems Technology, Inc. (A) | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;43935 |
| Teleflex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;968 | &nbsp;&nbsp;&nbsp;&nbsp;118135 |
| The Cooper Companies, Inc. (A) | &nbsp;&nbsp;3612 | &nbsp;&nbsp;&nbsp;&nbsp;296040 |
| Utah Medical Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;289 | &nbsp;&nbsp;&nbsp;&nbsp;16172 |
| Varex Imaging Corp. (A) | &nbsp;&nbsp;4007 | &nbsp;&nbsp;&nbsp;&nbsp;46682 |
|  |  | 2733705 |
| **Health care providers and services – 1.5%** | **Health care providers and services – 1.5%** |  |
| Acadia Healthcare Company, Inc. (A)(C) | &nbsp;&nbsp;8305 | &nbsp;&nbsp;&nbsp;&nbsp;117848 |
| AdaptHealth Corp. (A) | 10001 | &nbsp;&nbsp;&nbsp;&nbsp;99610 |
| Addus HomeCare Corp. (A) | &nbsp;&nbsp;1732 | &nbsp;&nbsp;&nbsp;&nbsp;185999 |
| Astrana Health, Inc. (A) | &nbsp;&nbsp;1776 | &nbsp;&nbsp;&nbsp;&nbsp;44063 |
| BrightSpring Health Services, Inc. (A) | &nbsp;&nbsp;1612 | &nbsp;&nbsp;&nbsp;&nbsp;60369 |
| Castle Biosciences, Inc. (A) | &nbsp;&nbsp;2492 | &nbsp;&nbsp;&nbsp;&nbsp;96939 |
| Cross Country Healthcare, Inc. (A) | &nbsp;&nbsp;3819 | &nbsp;&nbsp;&nbsp;&nbsp;30934 |
| Enhabit, Inc. (A) | &nbsp;&nbsp;5906 | &nbsp;&nbsp;&nbsp;&nbsp;54453 |
| Fulgent Genetics, Inc. (A) | &nbsp;&nbsp;2590 | &nbsp;&nbsp;&nbsp;&nbsp;68039 |
| Henry Schein, Inc. (A) | &nbsp;&nbsp;2034 | &nbsp;&nbsp;&nbsp;&nbsp;153730 |
| LifeStance Health Group, Inc. (A) | &nbsp;&nbsp;7345 | &nbsp;&nbsp;&nbsp;&nbsp;51709 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;1599 | &nbsp;&nbsp;&nbsp;&nbsp;277490 |
| National HealthCare Corp. | &nbsp;&nbsp;1373 | &nbsp;&nbsp;&nbsp;&nbsp;188225 |
| NeoGenomics, Inc. (A) | &nbsp;&nbsp;2587 | &nbsp;&nbsp;&nbsp;&nbsp;30423 |
| OPKO Health, Inc. (A) | &nbsp;&nbsp;8398 | &nbsp;&nbsp;&nbsp;&nbsp;10581 |
| Pediatrix Medical Group, Inc. (A) | &nbsp;&nbsp;7834 | &nbsp;&nbsp;&nbsp;&nbsp;167569 |
| Select Medical Holdings Corp. | &nbsp;&nbsp;8695 | &nbsp;&nbsp;&nbsp;&nbsp;129121 |
| Strata Critical Medical, Inc. (A) | &nbsp;&nbsp;5674 | &nbsp;&nbsp;&nbsp;&nbsp;27292 |
| Surgery Partners, Inc. (A)(C) | &nbsp;&nbsp;5297 | &nbsp;&nbsp;&nbsp;&nbsp;81839 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;109 | &nbsp;&nbsp;&nbsp;&nbsp;21660 |
| The Pennant Group, Inc. (A) | &nbsp;&nbsp;2698 | &nbsp;&nbsp;&nbsp;&nbsp;75949 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;3407 | &nbsp;&nbsp;&nbsp;&nbsp;742794 |
| US Physical Therapy, Inc. | &nbsp;&nbsp;1139 | &nbsp;&nbsp;&nbsp;&nbsp;88945 |
|  |  | 2805581 |
| **Health care technology – 0.2%** | **Health care technology – 0.2%** |  |
| American Well Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2347 |
| Certara, Inc. (A) | &nbsp;&nbsp;9929 | &nbsp;&nbsp;&nbsp;&nbsp;87474 |
| Definitive Healthcare Corp. (A) | &nbsp;&nbsp;1330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3817 |
| Evolent Health, Inc., Class A (A) | &nbsp;&nbsp;1381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5524 |
| GoodRx Holdings, Inc., Class A (A) | &nbsp;&nbsp;3210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8699 |
| Health Catalyst, Inc. (A) | &nbsp;&nbsp;2468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5899 |
| HealthStream, Inc. | &nbsp;&nbsp;2711 | &nbsp;&nbsp;&nbsp;&nbsp;62543 |
| Simulations Plus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;&nbsp;&nbsp;17136 |
| Teladoc Health, Inc. (A) | 14948 | &nbsp;&nbsp;&nbsp;&nbsp;104636 |
| TruBridge, Inc. (A) | &nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp;23549 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;321624 |
| **Life sciences tools and services – 1.8%** | **Life sciences tools and services – 1.8%** |  |
| Avantor, Inc. (A) | 28030 | &nbsp;&nbsp;&nbsp;&nbsp;321224 |
| Azenta, Inc. (A)(C) | &nbsp;&nbsp;3074 | &nbsp;&nbsp;&nbsp;&nbsp;102241 |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;1612 | &nbsp;&nbsp;&nbsp;&nbsp;488420 |
| Charles River Laboratories International, Inc. (A) | &nbsp;&nbsp;2435 | &nbsp;&nbsp;&nbsp;&nbsp;485734 |
| CryoPort, Inc. (A) | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;28800 |
| Cytek Biosciences, Inc. (A) | &nbsp;&nbsp;6288 | &nbsp;&nbsp;&nbsp;&nbsp;31754 |
| ICON PLC (A) | &nbsp;&nbsp;4952 | &nbsp;&nbsp;&nbsp;&nbsp;902353 |
| MaxCyte, Inc. (A) | &nbsp;&nbsp;3699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5733 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;19311 |
| OmniAb, Inc. (A) | &nbsp;&nbsp;6457 | &nbsp;&nbsp;&nbsp;&nbsp;11945 |
| OmniAb, Inc., $12.50 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182 |
| OmniAb, Inc., $15.00 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156 |
| Personalis, Inc. (A)(C) | &nbsp;&nbsp;1146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9122 |
| Quanterix Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5412 |
| Revvity, Inc. | &nbsp;&nbsp;7835 | &nbsp;&nbsp;&nbsp;&nbsp;758036 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Life sciences tools and services (continued)** | **Life sciences tools and services (continued)** |  |
| Seer, Inc. (A) | &nbsp;&nbsp;2095 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3834 |
|  |  | &nbsp;&nbsp;&nbsp;3174257 |
| **Pharmaceuticals – 1.9%** | **Pharmaceuticals – 1.9%** |  |
| Amphastar Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95256 |
| Atea Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9996 |
| Cumberland Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3805 |
| Elanco Animal Health, Inc. (A)(C) | 38843 | &nbsp;&nbsp;&nbsp;&nbsp;879017 |
| Harmony Biosciences Holdings, Inc. (A) | &nbsp;&nbsp;2122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79405 |
| Innoviva, Inc. (A) | &nbsp;&nbsp;7085 | &nbsp;&nbsp;&nbsp;&nbsp;141629 |
| Jazz Pharmaceuticals PLC (A) | &nbsp;&nbsp;2444 | &nbsp;&nbsp;&nbsp;&nbsp;415480 |
| Neumora Therapeutics, Inc. (A) | &nbsp;&nbsp;5323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9528 |
| Nuvation Bio, Inc. (A) | &nbsp;&nbsp;2597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23269 |
| Organon & Company | &nbsp;&nbsp;1289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9242 |
| Pacira BioSciences, Inc. (A) | &nbsp;&nbsp;3165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81910 |
| Perrigo Company PLC | 13161 | &nbsp;&nbsp;&nbsp;&nbsp;183201 |
| Pliant Therapeutics, Inc. (A) | &nbsp;&nbsp;1976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2411 |
| Prestige Consumer Healthcare, Inc. (A) | &nbsp;&nbsp;3587 | &nbsp;&nbsp;&nbsp;&nbsp;221282 |
| SIGA Technologies, Inc. | &nbsp;&nbsp;3721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22735 |
| Supernus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5048 | &nbsp;&nbsp;&nbsp;&nbsp;250886 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32320 |
| Viatris, Inc. | 85856 | &nbsp;&nbsp;&nbsp;1068907 |
|  |  | &nbsp;&nbsp;&nbsp;3530279 |
|  |  | 13614215 |
| **Industrials – 16.1%** |  |  |
| **Aerospace and defense – 0.7%** | **Aerospace and defense – 0.7%** |  |
| AAR Corp. (A) | &nbsp;&nbsp;3420 | &nbsp;&nbsp;&nbsp;&nbsp;283142 |
| AerSale Corp. (A) | &nbsp;&nbsp;2933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20854 |
| Ducommun, Inc. (A) | &nbsp;&nbsp;1030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97984 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;703 | &nbsp;&nbsp;&nbsp;&nbsp;239069 |
| Mercury Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58189 |
| National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79429 |
| Park Aerospace Corp. | &nbsp;&nbsp;2083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44451 |
| Textron, Inc. | &nbsp;&nbsp;2448 | &nbsp;&nbsp;&nbsp;&nbsp;213392 |
| V2X, Inc. (A) | &nbsp;&nbsp;2053 | &nbsp;&nbsp;&nbsp;&nbsp;111991 |
| VSE Corp. (C) | &nbsp;&nbsp;&nbsp;&nbsp;821 | &nbsp;&nbsp;&nbsp;&nbsp;141844 |
|  |  | &nbsp;&nbsp;&nbsp;1290345 |
| **Air freight and logistics – 0.3%** | **Air freight and logistics – 0.3%** |  |
| GXO Logistics, Inc. (A) | &nbsp;&nbsp;3808 | &nbsp;&nbsp;&nbsp;&nbsp;200453 |
| Hub Group, Inc., Class A | &nbsp;&nbsp;5858 | &nbsp;&nbsp;&nbsp;&nbsp;249609 |
| Radiant Logistics, Inc. (A) | &nbsp;&nbsp;3764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23826 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;473888 |
| **Building products – 1.9%** | **Building products – 1.9%** |  |
| American Woodmark Corp. (A)(C) | &nbsp;&nbsp;2154 | &nbsp;&nbsp;&nbsp;&nbsp;116101 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;2485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90479 |
| AZZ, Inc. | &nbsp;&nbsp;1776 | &nbsp;&nbsp;&nbsp;&nbsp;190352 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;6503 | &nbsp;&nbsp;&nbsp;&nbsp;669094 |
| Fortune Brands Innovations, Inc. | &nbsp;&nbsp;8853 | &nbsp;&nbsp;&nbsp;&nbsp;442827 |
| Gibraltar Industries, Inc. (A) | &nbsp;&nbsp;2835 | &nbsp;&nbsp;&nbsp;&nbsp;140162 |
| Hayward Holdings, Inc. (A) | 13257 | &nbsp;&nbsp;&nbsp;&nbsp;204821 |
| Insteel Industries, Inc. | &nbsp;&nbsp;1689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53491 |
| Janus International Group, Inc. (A) | &nbsp;&nbsp;5808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37984 |
| JELD-WEN Holding, Inc. (A) | &nbsp;&nbsp;4097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10079 |
| Masterbrand, Inc. (A) | 11236 | &nbsp;&nbsp;&nbsp;&nbsp;124045 |
| Owens Corning | &nbsp;&nbsp;5214 | &nbsp;&nbsp;&nbsp;&nbsp;583499 |
| Quanex Building Products Corp. | &nbsp;&nbsp;2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31206 |
| Resideo Technologies, Inc. (A) | 13667 | &nbsp;&nbsp;&nbsp;&nbsp;479985 |
| UFP Industries, Inc. | &nbsp;&nbsp;2310 | &nbsp;&nbsp;&nbsp;&nbsp;210326 |
|  |  | &nbsp;&nbsp;&nbsp;3384451 |
| **Commercial services and supplies – 1.1%** | **Commercial services and supplies – 1.1%** |  |
| ABM Industries, Inc. | &nbsp;&nbsp;5820 | &nbsp;&nbsp;&nbsp;&nbsp;246186 |
| ACCO Brands Corp. | &nbsp;&nbsp;8323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31045 |
| Brady Corp., Class A | &nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp;&nbsp;159875 |
| BrightView Holdings, Inc. (A) | &nbsp;&nbsp;8678 | &nbsp;&nbsp;&nbsp;&nbsp;109950 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 107 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Commercial services and supplies (continued)** | **Commercial services and supplies (continued)** |  |
| Civeo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;673 | $&nbsp;&nbsp;&nbsp;&nbsp;15392 |
| Deluxe Corp. | &nbsp;&nbsp;4579 | &nbsp;&nbsp;&nbsp;&nbsp;102249 |
| Ennis, Inc. | &nbsp;&nbsp;3253 | &nbsp;&nbsp;&nbsp;&nbsp;58587 |
| Enviri Corp. (A) | &nbsp;&nbsp;6918 | &nbsp;&nbsp;&nbsp;&nbsp;123971 |
| Healthcare Services Group, Inc. (A) | &nbsp;&nbsp;4919 | &nbsp;&nbsp;&nbsp;&nbsp;94051 |
| HNI Corp. | &nbsp;&nbsp;4021 | &nbsp;&nbsp;&nbsp;&nbsp;169043 |
| Interface, Inc. | &nbsp;&nbsp;5284 | &nbsp;&nbsp;&nbsp;&nbsp;147529 |
| MillerKnoll, Inc. | &nbsp;&nbsp;5808 | &nbsp;&nbsp;&nbsp;&nbsp;106170 |
| Montrose Environmental Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758 |
| NL Industries, Inc. | &nbsp;&nbsp;3260 | &nbsp;&nbsp;&nbsp;&nbsp;17832 |
| OPENLANE, Inc. (A) | 10424 | &nbsp;&nbsp;&nbsp;&nbsp;310427 |
| UniFirst Corp. | &nbsp;&nbsp;1266 | &nbsp;&nbsp;&nbsp;&nbsp;244211 |
| Vestis Corp. | &nbsp;&nbsp;8348 | &nbsp;&nbsp;&nbsp;&nbsp;55681 |
| Virco Manufacturing Corp. | &nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7668 |
|  |  | 2009625 |
| **Construction and engineering – 0.5%** | **Construction and engineering – 0.5%** |  |
| Ameresco, Inc., Class A (A) | &nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;&nbsp;77853 |
| Arcosa, Inc. | &nbsp;&nbsp;2760 | &nbsp;&nbsp;&nbsp;&nbsp;293443 |
| Bowman Consulting Group, Ltd. (A) | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;34572 |
| Concrete Pumping Holdings, Inc. | &nbsp;&nbsp;3671 | &nbsp;&nbsp;&nbsp;&nbsp;24632 |
| Great Lakes Dredge & Dock Corp. (A) | &nbsp;&nbsp;9208 | &nbsp;&nbsp;&nbsp;&nbsp;120809 |
| Matrix Service Company (A) | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;12870 |
| NWPX Infrastructure, Inc. (A) | &nbsp;&nbsp;1306 | &nbsp;&nbsp;&nbsp;&nbsp;81612 |
| Orion Group Holdings, Inc. (A) | &nbsp;&nbsp;4226 | &nbsp;&nbsp;&nbsp;&nbsp;42006 |
| Primoris Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;207 | &nbsp;&nbsp;&nbsp;&nbsp;25697 |
| Tutor Perini Corp. | &nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;135380 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;848874 |
| **Electrical equipment – 1.3%** | **Electrical equipment – 1.3%** |  |
| Allient, Inc. | &nbsp;&nbsp;1380 | &nbsp;&nbsp;&nbsp;&nbsp;74175 |
| Atkore, Inc. | &nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp;189497 |
| EnerSys | &nbsp;&nbsp;2561 | &nbsp;&nbsp;&nbsp;&nbsp;375827 |
| Generac Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;659 | &nbsp;&nbsp;&nbsp;&nbsp;89868 |
| LSI Industries, Inc. | &nbsp;&nbsp;3947 | &nbsp;&nbsp;&nbsp;&nbsp;72309 |
| Preformed Line Products Company | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;124026 |
| Regal Rexnord Corp. | &nbsp;&nbsp;5343 | &nbsp;&nbsp;&nbsp;&nbsp;749730 |
| Sensata Technologies Holding PLC | 13006 | &nbsp;&nbsp;&nbsp;&nbsp;432970 |
| Shoals Technologies Group, Inc., Class A (A) | &nbsp;&nbsp;4351 | &nbsp;&nbsp;&nbsp;&nbsp;36984 |
| Thermon Group Holdings, Inc. (A) | &nbsp;&nbsp;3785 | &nbsp;&nbsp;&nbsp;&nbsp;140651 |
| Ultralife Corp. (A) | &nbsp;&nbsp;1984 | &nbsp;&nbsp;&nbsp;&nbsp;11348 |
|  |  | 2297385 |
| **Ground transportation – 1.7%** | **Ground transportation – 1.7%** |  |
| ArcBest Corp. | &nbsp;&nbsp;2127 | &nbsp;&nbsp;&nbsp;&nbsp;157802 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;2928 | &nbsp;&nbsp;&nbsp;&nbsp;64533 |
| FTAI Infrastructure, Inc. | &nbsp;&nbsp;2333 | &nbsp;&nbsp;&nbsp;&nbsp;10755 |
| Heartland Express, Inc. | &nbsp;&nbsp;8010 | &nbsp;&nbsp;&nbsp;&nbsp;72330 |
| Knight-Swift Transportation Holdings, Inc. | 15126 | &nbsp;&nbsp;&nbsp;&nbsp;790787 |
| Marten Transport, Ltd. | &nbsp;&nbsp;7224 | &nbsp;&nbsp;&nbsp;&nbsp;82209 |
| PAMT Corp. (A) | &nbsp;&nbsp;2085 | &nbsp;&nbsp;&nbsp;&nbsp;25187 |
| Ryder System, Inc. | &nbsp;&nbsp;3502 | &nbsp;&nbsp;&nbsp;&nbsp;670248 |
| Saia, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;809 | &nbsp;&nbsp;&nbsp;&nbsp;264155 |
| Schneider National, Inc., Class B | &nbsp;&nbsp;8309 | &nbsp;&nbsp;&nbsp;&nbsp;220438 |
| U-Haul Holding Company (A)(C) | &nbsp;&nbsp;1626 | &nbsp;&nbsp;&nbsp;&nbsp;81967 |
| U-Haul Holding Company, Series N | &nbsp;&nbsp;9368 | &nbsp;&nbsp;&nbsp;&nbsp;437860 |
| Universal Logistics Holdings, Inc. (C) | &nbsp;&nbsp;1998 | &nbsp;&nbsp;&nbsp;&nbsp;30350 |
| Werner Enterprises, Inc. | &nbsp;&nbsp;6648 | &nbsp;&nbsp;&nbsp;&nbsp;199506 |
|  |  | 3108127 |
| **Machinery – 3.7%** | **Machinery – 3.7%** |  |
| 3D Systems Corp. (A)(C) | &nbsp;&nbsp;5104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9034 |
| Aebi Schmidt Holding AG | &nbsp;&nbsp;3018 | &nbsp;&nbsp;&nbsp;&nbsp;38178 |
| AGCO Corp. | &nbsp;&nbsp;5423 | &nbsp;&nbsp;&nbsp;&nbsp;565727 |
| Alamo Group, Inc. | &nbsp;&nbsp;1176 | &nbsp;&nbsp;&nbsp;&nbsp;197415 |
| Albany International Corp., Class A | &nbsp;&nbsp;1243 | &nbsp;&nbsp;&nbsp;&nbsp;63020 |
| Astec Industries, Inc. | &nbsp;&nbsp;2815 | &nbsp;&nbsp;&nbsp;&nbsp;121946 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| Chart Industries, Inc. (A) | &nbsp;&nbsp;1024 | $&nbsp;&nbsp;&nbsp;&nbsp;211180 |
| CNH Industrial NV | 63809 | &nbsp;&nbsp;&nbsp;&nbsp;588319 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;2178 | &nbsp;&nbsp;&nbsp;&nbsp;37571 |
| Commercial Vehicle Group, Inc. (A) | &nbsp;&nbsp;2492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;2021 | &nbsp;&nbsp;&nbsp;&nbsp;65986 |
| Enpro, Inc. (C) | &nbsp;&nbsp;1197 | &nbsp;&nbsp;&nbsp;&nbsp;256314 |
| Flowserve Corp. | &nbsp;&nbsp;2281 | &nbsp;&nbsp;&nbsp;&nbsp;158256 |
| Gates Industrial Corp. PLC (A)(C) | 10297 | &nbsp;&nbsp;&nbsp;&nbsp;221077 |
| Gencor Industries, Inc. (A) | &nbsp;&nbsp;1462 | &nbsp;&nbsp;&nbsp;&nbsp;18948 |
| Helios Technologies, Inc. (C) | &nbsp;&nbsp;2995 | &nbsp;&nbsp;&nbsp;&nbsp;160203 |
| Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;25281 |
| Hillman Solutions Corp. (A) | 17806 | &nbsp;&nbsp;&nbsp;&nbsp;154200 |
| Hurco Companies, Inc. (A) | &nbsp;&nbsp;1054 | &nbsp;&nbsp;&nbsp;&nbsp;16284 |
| Hyster-Yale, Inc. | &nbsp;&nbsp;1090 | &nbsp;&nbsp;&nbsp;&nbsp;32384 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;888 | &nbsp;&nbsp;&nbsp;&nbsp;158011 |
| Kennametal, Inc. | &nbsp;&nbsp;8328 | &nbsp;&nbsp;&nbsp;&nbsp;236598 |
| LB Foster Company, Class A (A) | &nbsp;&nbsp;1699 | &nbsp;&nbsp;&nbsp;&nbsp;45788 |
| Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;11787 |
| Luxfer Holdings PLC | &nbsp;&nbsp;1836 | &nbsp;&nbsp;&nbsp;&nbsp;24841 |
| Mayville Engineering Company, Inc. (A) | &nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;33621 |
| Miller Industries, Inc. | &nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;66556 |
| Mueller Industries, Inc. | &nbsp;&nbsp;3199 | &nbsp;&nbsp;&nbsp;&nbsp;367245 |
| NN, Inc. (A) | &nbsp;&nbsp;2376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3041 |
| Oshkosh Corp. | &nbsp;&nbsp;3356 | &nbsp;&nbsp;&nbsp;&nbsp;421614 |
| Park-Ohio Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;749 | &nbsp;&nbsp;&nbsp;&nbsp;15684 |
| Perma-Pipe International Holdings, Inc. (A) | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;33396 |
| Proto Labs, Inc. (A) | &nbsp;&nbsp;2456 | &nbsp;&nbsp;&nbsp;&nbsp;124249 |
| Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;97559 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;8593 | &nbsp;&nbsp;&nbsp;&nbsp;638288 |
| Tennant Company | &nbsp;&nbsp;&nbsp;&nbsp;353 | &nbsp;&nbsp;&nbsp;&nbsp;26016 |
| Terex Corp. (C) | &nbsp;&nbsp;5797 | &nbsp;&nbsp;&nbsp;&nbsp;309444 |
| The Eastern Company | &nbsp;&nbsp;1145 | &nbsp;&nbsp;&nbsp;&nbsp;22545 |
| The Gorman-Rupp Company | &nbsp;&nbsp;1854 | &nbsp;&nbsp;&nbsp;&nbsp;88529 |
| The Greenbrier Companies, Inc. | &nbsp;&nbsp;3130 | &nbsp;&nbsp;&nbsp;&nbsp;146296 |
| The Manitowoc Company, Inc. (A) | &nbsp;&nbsp;4590 | &nbsp;&nbsp;&nbsp;&nbsp;55034 |
| The Middleby Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;34194 |
| The Timken Company | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;185086 |
| Titan International, Inc. (A) | &nbsp;&nbsp;8125 | &nbsp;&nbsp;&nbsp;&nbsp;63619 |
| Trinity Industries, Inc. | &nbsp;&nbsp;8335 | &nbsp;&nbsp;&nbsp;&nbsp;220377 |
| Twin Disc, Inc. | &nbsp;&nbsp;1650 | &nbsp;&nbsp;&nbsp;&nbsp;27522 |
| Worthington Enterprises, Inc. | &nbsp;&nbsp;3821 | &nbsp;&nbsp;&nbsp;&nbsp;197049 |
|  |  | 6598900 |
| **Marine transportation – 0.5%** | **Marine transportation – 0.5%** |  |
| Costamare Bulkers Holdings, Ltd. (A) | &nbsp;&nbsp;1918 | &nbsp;&nbsp;&nbsp;&nbsp;29556 |
| Costamare, Inc. (C) | 11608 | &nbsp;&nbsp;&nbsp;&nbsp;183290 |
| Genco Shipping & Trading, Ltd. | &nbsp;&nbsp;5252 | &nbsp;&nbsp;&nbsp;&nbsp;96794 |
| Kirby Corp. (A)(C) | &nbsp;&nbsp;1890 | &nbsp;&nbsp;&nbsp;&nbsp;208240 |
| Matson, Inc. | &nbsp;&nbsp;2873 | &nbsp;&nbsp;&nbsp;&nbsp;354959 |
| Pangaea Logistics Solutions, Ltd. | &nbsp;&nbsp;4289 | &nbsp;&nbsp;&nbsp;&nbsp;29508 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;902347 |
| **Passenger airlines – 0.8%** | **Passenger airlines – 0.8%** |  |
| Alaska Air Group, Inc. (A) | 11606 | &nbsp;&nbsp;&nbsp;&nbsp;583782 |
| Allegiant Travel Company (A)(C) | &nbsp;&nbsp;1947 | &nbsp;&nbsp;&nbsp;&nbsp;166021 |
| Copa Holdings SA, Class A | &nbsp;&nbsp;1954 | &nbsp;&nbsp;&nbsp;&nbsp;235672 |
| Frontier Group Holdings, Inc. (A)(C) | &nbsp;&nbsp;8017 | &nbsp;&nbsp;&nbsp;&nbsp;37760 |
| JetBlue Airways Corp. (A) | &nbsp;&nbsp;5299 | &nbsp;&nbsp;&nbsp;&nbsp;24110 |
| SkyWest, Inc. (A) | &nbsp;&nbsp;3517 | &nbsp;&nbsp;&nbsp;&nbsp;353142 |
| Sun Country Airlines Holdings, Inc. (A) | &nbsp;&nbsp;7681 | &nbsp;&nbsp;&nbsp;&nbsp;110530 |
|  |  | 1511017 |
| **Professional services – 1.4%** | **Professional services – 1.4%** |  |
| Alight, Inc., Class A | 47117 | &nbsp;&nbsp;&nbsp;&nbsp;91878 |
| Amentum Holdings, Inc. (A) | &nbsp;&nbsp;4067 | &nbsp;&nbsp;&nbsp;&nbsp;117943 |
| Asure Software, Inc. (A) | &nbsp;&nbsp;1391 | &nbsp;&nbsp;&nbsp;&nbsp;13103 |
| BGSF, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3704 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 108 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** |  |
| CACI International, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;516 | $&nbsp;&nbsp;&nbsp;&nbsp;274930 |
| Clarivate PLC (A)(C) | 55199 | &nbsp;&nbsp;&nbsp;&nbsp;184365 |
| Concentrix Corp. (C) | &nbsp;&nbsp;5815 | &nbsp;&nbsp;&nbsp;&nbsp;241788 |
| Conduent, Inc. (A) | 14444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27732 |
| First Advantage Corp. (A)(C) | &nbsp;&nbsp;1878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27287 |
| FTI Consulting, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;139226 |
| Genpact, Ltd. | &nbsp;&nbsp;5909 | &nbsp;&nbsp;&nbsp;&nbsp;276423 |
| IBEX Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33369 |
| ICF International, Inc. | &nbsp;&nbsp;1410 | &nbsp;&nbsp;&nbsp;&nbsp;120273 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;4561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40137 |
| Korn Ferry | &nbsp;&nbsp;4161 | &nbsp;&nbsp;&nbsp;&nbsp;274709 |
| ManpowerGroup, Inc. | &nbsp;&nbsp;3818 | &nbsp;&nbsp;&nbsp;&nbsp;113509 |
| Maximus, Inc. | &nbsp;&nbsp;2940 | &nbsp;&nbsp;&nbsp;&nbsp;253781 |
| Mistras Group, Inc. (A) | &nbsp;&nbsp;2232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28235 |
| Resources Connection, Inc. | &nbsp;&nbsp;4120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20765 |
| Robert Half, Inc. | &nbsp;&nbsp;3575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97097 |
| Science Applications International Corp. | &nbsp;&nbsp;1389 | &nbsp;&nbsp;&nbsp;&nbsp;139817 |
| TIC Solutions, Inc. (A) | &nbsp;&nbsp;3263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32989 |
| TrueBlue, Inc. (A) | &nbsp;&nbsp;3219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14646 |
| TTEC Holdings, Inc. (A)(C) | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4680 |
| Willdan Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20939 |
|  |  | &nbsp;&nbsp;&nbsp;2593325 |
| **Trading companies and distributors – 2.2%** | **Trading companies and distributors – 2.2%** |  |
| Air Lease Corp. | 11269 | &nbsp;&nbsp;&nbsp;&nbsp;723808 |
| BlueLinx Holdings, Inc. (A) | &nbsp;&nbsp;1193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73286 |
| Boise Cascade Company | &nbsp;&nbsp;3402 | &nbsp;&nbsp;&nbsp;&nbsp;250387 |
| Custom Truck One Source, Inc. (A) | &nbsp;&nbsp;9674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55722 |
| Distribution Solutions Group, Inc. (A) | &nbsp;&nbsp;2214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60641 |
| DNOW, Inc. (A) | 16642 | &nbsp;&nbsp;&nbsp;&nbsp;220507 |
| DXP Enterprises, Inc. (A) | &nbsp;&nbsp;1295 | &nbsp;&nbsp;&nbsp;&nbsp;142178 |
| GATX Corp. | &nbsp;&nbsp;1237 | &nbsp;&nbsp;&nbsp;&nbsp;209795 |
| Global Industrial, Inc. | &nbsp;&nbsp;1726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50434 |
| Herc Holdings, Inc. | &nbsp;&nbsp;1149 | &nbsp;&nbsp;&nbsp;&nbsp;170489 |
| Hudson Technologies, Inc. (A) | &nbsp;&nbsp;2645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18118 |
| McGrath RentCorp | &nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;145643 |
| MSC Industrial Direct Company, Inc., Class A | &nbsp;&nbsp;1510 | &nbsp;&nbsp;&nbsp;&nbsp;126991 |
| NPK International, Inc. (A) | &nbsp;&nbsp;8462 | &nbsp;&nbsp;&nbsp;&nbsp;100867 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;5847 | &nbsp;&nbsp;&nbsp;&nbsp;315387 |
| Rush Enterprises, Inc., Class B | &nbsp;&nbsp;1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71732 |
| Titan Machinery, Inc. (A) | &nbsp;&nbsp;3843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57799 |
| Transcat, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25075 |
| WESCO International, Inc. | &nbsp;&nbsp;4309 | &nbsp;&nbsp;&nbsp;1054154 |
| Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88166 |
|  |  | &nbsp;&nbsp;&nbsp;3961179 |
|  |  | 28979463 |
| **Information technology – 6.6%** |  |  |
| **Communications equipment – 0.6%** | **Communications equipment – 0.6%** |  |
| Aviat Networks, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17724 |
| Clearfield, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13642 |
| Comtech Telecommunications Corp. (A) | &nbsp;&nbsp;2706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14315 |
| Digi International, Inc. (A) | &nbsp;&nbsp;3664 | &nbsp;&nbsp;&nbsp;&nbsp;158615 |
| Harmonic, Inc. (A) | &nbsp;&nbsp;4330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42824 |
| KVH Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6343 |
| NETGEAR, Inc. (A) | &nbsp;&nbsp;3142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77073 |
| NetScout Systems, Inc. (A) | &nbsp;&nbsp;8322 | &nbsp;&nbsp;&nbsp;&nbsp;225193 |
| Optical Cable Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4143 |
| Ribbon Communications, Inc. (A) | &nbsp;&nbsp;8541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24598 |
| Viasat, Inc. (A) | 11656 | &nbsp;&nbsp;&nbsp;&nbsp;401666 |
| Viavi Solutions, Inc. (A) | &nbsp;&nbsp;1783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31773 |
|  |  | &nbsp;&nbsp;&nbsp;1017909 |
| **Electronic equipment, instruments and components – 3.2%** | **Electronic equipment, instruments and components – 3.2%** |  |
| Arrow Electronics, Inc. (A) | &nbsp;&nbsp;4682 | &nbsp;&nbsp;&nbsp;&nbsp;515863 |
| Avnet, Inc. | &nbsp;&nbsp;9370 | &nbsp;&nbsp;&nbsp;&nbsp;450510 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electronic equipment, instruments and<br> components (continued)** | **Electronic equipment, instruments and<br> components (continued)** |  |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;187 | $&nbsp;&nbsp;&nbsp;&nbsp;31721 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;4113 | &nbsp;&nbsp;&nbsp;&nbsp;175872 |
| Crane NXT Company | &nbsp;&nbsp;2405 | &nbsp;&nbsp;&nbsp;&nbsp;113203 |
| CTS Corp. | &nbsp;&nbsp;2507 | &nbsp;&nbsp;&nbsp;&nbsp;107475 |
| Daktronics, Inc. (A) | &nbsp;&nbsp;5234 | &nbsp;&nbsp;&nbsp;&nbsp;103476 |
| ePlus, Inc. | &nbsp;&nbsp;2645 | &nbsp;&nbsp;&nbsp;&nbsp;231967 |
| Insight Enterprises, Inc. (A) | &nbsp;&nbsp;1140 | &nbsp;&nbsp;&nbsp;&nbsp;92876 |
| IPG Photonics Corp. (A)(C) | &nbsp;&nbsp;3031 | &nbsp;&nbsp;&nbsp;&nbsp;217020 |
| Key Tronic Corp. (A) | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5301 |
| Kimball Electronics, Inc. (A)(C) | &nbsp;&nbsp;3382 | &nbsp;&nbsp;&nbsp;&nbsp;94087 |
| Knowles Corp. (A)(C) | &nbsp;&nbsp;9130 | &nbsp;&nbsp;&nbsp;&nbsp;195656 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;&nbsp;19728 |
| Methode Electronics, Inc. | &nbsp;&nbsp;2971 | &nbsp;&nbsp;&nbsp;&nbsp;19727 |
| Mirion Technologies, Inc. (A) | &nbsp;&nbsp;1787 | &nbsp;&nbsp;&nbsp;&nbsp;41852 |
| PC Connection, Inc. | &nbsp;&nbsp;2791 | &nbsp;&nbsp;&nbsp;&nbsp;161208 |
| Plexus Corp. (A) | &nbsp;&nbsp;2482 | &nbsp;&nbsp;&nbsp;&nbsp;364854 |
| Powerfleet, Inc. (A)(C) | &nbsp;&nbsp;9661 | &nbsp;&nbsp;&nbsp;&nbsp;51397 |
| RF Industries, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694 |
| Richardson Electronics, Ltd. | &nbsp;&nbsp;1461 | &nbsp;&nbsp;&nbsp;&nbsp;15896 |
| Rogers Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;75912 |
| Sanmina Corp. (A) | &nbsp;&nbsp;2774 | &nbsp;&nbsp;&nbsp;&nbsp;416294 |
| ScanSource, Inc. (A) | &nbsp;&nbsp;3273 | &nbsp;&nbsp;&nbsp;&nbsp;127843 |
| SmartRent, Inc. (A) | &nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8686 |
| TD SYNNEX Corp. | &nbsp;&nbsp;7604 | 1142349 |
| TTM Technologies, Inc. (A) | 11374 | &nbsp;&nbsp;&nbsp;&nbsp;784806 |
| Vishay Intertechnology, Inc. (C) | 12027 | &nbsp;&nbsp;&nbsp;&nbsp;174271 |
| Vishay Precision Group, Inc. (A) | &nbsp;&nbsp;1686 | &nbsp;&nbsp;&nbsp;&nbsp;64911 |
|  |  | 5805455 |
| **IT services – 0.9%** | **IT services – 0.9%** |  |
| Akamai Technologies, Inc. (A) | &nbsp;&nbsp;8387 | &nbsp;&nbsp;&nbsp;&nbsp;731766 |
| Amdocs, Ltd. | &nbsp;&nbsp;4951 | &nbsp;&nbsp;&nbsp;&nbsp;398605 |
| ASGN, Inc. (A) | &nbsp;&nbsp;3833 | &nbsp;&nbsp;&nbsp;&nbsp;184636 |
| DXC Technology Company (A) | 16462 | &nbsp;&nbsp;&nbsp;&nbsp;241168 |
| EPAM Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;273 | &nbsp;&nbsp;&nbsp;&nbsp;55932 |
| Fastly, Inc., Class A (A) | &nbsp;&nbsp;2551 | &nbsp;&nbsp;&nbsp;&nbsp;25969 |
| Globant SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;157 | &nbsp;&nbsp;&nbsp;&nbsp;10263 |
| Grid Dynamics Holdings, Inc. (A) | &nbsp;&nbsp;2685 | &nbsp;&nbsp;&nbsp;&nbsp;24246 |
| Information Services Group, Inc. | &nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;&nbsp;25432 |
|  |  | 1698017 |
| **Semiconductors and semiconductor equipment – 1.4%** | **Semiconductors and semiconductor equipment – 1.4%** |  |
| Alpha & Omega Semiconductor, Ltd. (A) | &nbsp;&nbsp;3319 | &nbsp;&nbsp;&nbsp;&nbsp;65749 |
| Amkor Technology, Inc. | 23333 | &nbsp;&nbsp;&nbsp;&nbsp;921187 |
| Amtech Systems, Inc. (A) | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;30170 |
| Axcelis Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp;33341 |
| CEVA, Inc. (A) | &nbsp;&nbsp;1160 | &nbsp;&nbsp;&nbsp;&nbsp;24963 |
| Cirrus Logic, Inc. (A) | &nbsp;&nbsp;1079 | &nbsp;&nbsp;&nbsp;&nbsp;127862 |
| Cohu, Inc. (A) | &nbsp;&nbsp;3154 | &nbsp;&nbsp;&nbsp;&nbsp;73394 |
| Diodes, Inc. (A) | &nbsp;&nbsp;3447 | &nbsp;&nbsp;&nbsp;&nbsp;170075 |
| Ichor Holdings, Ltd. (A) | &nbsp;&nbsp;4254 | &nbsp;&nbsp;&nbsp;&nbsp;78401 |
| Indie Semiconductor, Inc., Class A (A)(C) | &nbsp;&nbsp;5849 | &nbsp;&nbsp;&nbsp;&nbsp;20647 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;2477 | &nbsp;&nbsp;&nbsp;&nbsp;112852 |
| Magnachip Semiconductor Corp. (A) | &nbsp;&nbsp;2526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6441 |
| MKS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;562 | &nbsp;&nbsp;&nbsp;&nbsp;89808 |
| Penguin Solutions, Inc. (A)(C) | &nbsp;&nbsp;4457 | &nbsp;&nbsp;&nbsp;&nbsp;87179 |
| Photronics, Inc. (A) | &nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;220800 |
| Qorvo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;82397 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;1789 | &nbsp;&nbsp;&nbsp;&nbsp;113440 |
| Synaptics, Inc. (A) | &nbsp;&nbsp;1002 | &nbsp;&nbsp;&nbsp;&nbsp;74168 |
| Ultra Clean Holdings, Inc. (A) | &nbsp;&nbsp;2226 | &nbsp;&nbsp;&nbsp;&nbsp;56385 |
| Veeco Instruments, Inc. (A) | &nbsp;&nbsp;3352 | &nbsp;&nbsp;&nbsp;&nbsp;95800 |
|  |  | 2485059 |
| **Software – 0.4%** | **Software – 0.4%** |  |
| ACI Worldwide, Inc. (A) | &nbsp;&nbsp;1170 | &nbsp;&nbsp;&nbsp;&nbsp;55938 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 109 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| BILL Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;514 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28034 |
| Cerence, Inc. (A) | &nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22706 |
| Cipher Mining, Inc. (A) | &nbsp;&nbsp;1931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28502 |
| CleanSpark, Inc. (A)(C) | 10298 | &nbsp;&nbsp;&nbsp;&nbsp;104216 |
| Consensus Cloud Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4757 |
| Daily Journal Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19980 |
| LiveRamp Holdings, Inc. (A) | &nbsp;&nbsp;5657 | &nbsp;&nbsp;&nbsp;&nbsp;166146 |
| Mitek Systems, Inc. (A) | &nbsp;&nbsp;3339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35226 |
| N-able, Inc. (A) | &nbsp;&nbsp;9627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72010 |
| NCino, Inc. (A) | &nbsp;&nbsp;4022 | &nbsp;&nbsp;&nbsp;&nbsp;103124 |
| NCR Voyix Corp. (A) | &nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59497 |
| ON24, Inc. (A) | &nbsp;&nbsp;2666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21221 |
| OneSpan, Inc. | &nbsp;&nbsp;2351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30187 |
| Riot Platforms, Inc. (A) | &nbsp;&nbsp;2091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26493 |
| Xperi, Inc. (A) | &nbsp;&nbsp;3587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;799057 |
| **Technology hardware, storage and peripherals – 0.1%** | **Technology hardware, storage and peripherals – 0.1%** |  |
| AstroNova, Inc. (A) | &nbsp;&nbsp;1439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12447 |
| Corsair Gaming, Inc. (A) | &nbsp;&nbsp;3313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19679 |
| Diebold Nixdorf, Inc. (A) | &nbsp;&nbsp;1163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78956 |
| Xerox Holdings Corp. (C) | 18434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43689 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;154771 |
|  |  | 11960268 |
| **Materials – 7.3%** |  |  |
| **Chemicals – 3.1%** | **Chemicals – 3.1%** |  |
| AdvanSix, Inc. | &nbsp;&nbsp;2915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50430 |
| Alto Ingredients, Inc. (A) | &nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9504 |
| American Vanguard Corp. (A) | &nbsp;&nbsp;2933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11204 |
| Arq, Inc. (A) | &nbsp;&nbsp;1736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5677 |
| Ashland, Inc. | &nbsp;&nbsp;4854 | &nbsp;&nbsp;&nbsp;&nbsp;284784 |
| Avient Corp. | &nbsp;&nbsp;8252 | &nbsp;&nbsp;&nbsp;&nbsp;257792 |
| Axalta Coating Systems, Ltd. (A) | 16139 | &nbsp;&nbsp;&nbsp;&nbsp;521451 |
| Cabot Corp. | &nbsp;&nbsp;2316 | &nbsp;&nbsp;&nbsp;&nbsp;153504 |
| Celanese Corp. | &nbsp;&nbsp;1769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74793 |
| CF Industries Holdings, Inc. | 11242 | &nbsp;&nbsp;&nbsp;&nbsp;869456 |
| Core Molding Technologies, Inc. (A) | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20050 |
| Eastman Chemical Company | &nbsp;&nbsp;7299 | &nbsp;&nbsp;&nbsp;&nbsp;465895 |
| Ecovyst, Inc. (A) | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;107030 |
| Element Solutions, Inc. (C) | 10461 | &nbsp;&nbsp;&nbsp;&nbsp;261420 |
| Flotek Industries, Inc. (A) | &nbsp;&nbsp;1893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32616 |
| FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12067 |
| HB Fuller Company | &nbsp;&nbsp;2951 | &nbsp;&nbsp;&nbsp;&nbsp;175466 |
| Huntsman Corp. | 10949 | &nbsp;&nbsp;&nbsp;&nbsp;109490 |
| Innospec, Inc. | &nbsp;&nbsp;1905 | &nbsp;&nbsp;&nbsp;&nbsp;145809 |
| Intrepid Potash, Inc. (A) | &nbsp;&nbsp;1117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30974 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;2301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62311 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;5645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24951 |
| LSB Industries, Inc. (A) | &nbsp;&nbsp;6523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55446 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;4760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57834 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;2920 | &nbsp;&nbsp;&nbsp;&nbsp;177974 |
| Olin Corp. (C) | &nbsp;&nbsp;9448 | &nbsp;&nbsp;&nbsp;&nbsp;196802 |
| Orion SA | &nbsp;&nbsp;4191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22128 |
| Perimeter Solutions, Inc. (A) | &nbsp;&nbsp;6164 | &nbsp;&nbsp;&nbsp;&nbsp;169695 |
| Quaker Chemical Corp. | &nbsp;&nbsp;1427 | &nbsp;&nbsp;&nbsp;&nbsp;195941 |
| Rayonier Advanced Materials, Inc. (A) | &nbsp;&nbsp;4555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26829 |
| Solstice Advanced Materials, Inc. (A) | &nbsp;&nbsp;1777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86327 |
| Stepan Company | &nbsp;&nbsp;1951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92399 |
| The Mosaic Company | 25732 | &nbsp;&nbsp;&nbsp;&nbsp;619884 |
| Tronox Holdings PLC | 11977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49944 |
| Westlake Corp. | &nbsp;&nbsp;1412 | &nbsp;&nbsp;&nbsp;&nbsp;104403 |
|  |  | &nbsp;&nbsp;&nbsp;5542280 |
| **Containers and packaging – 1.6%** | **Containers and packaging – 1.6%** |  |
| AptarGroup, Inc. | &nbsp;&nbsp;2751 | &nbsp;&nbsp;&nbsp;&nbsp;335512 |
| Ball Corp. | 20004 | &nbsp;&nbsp;&nbsp;1059612 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Containers and packaging (continued)** | **Containers and packaging (continued)** |  |
| Graphic Packaging Holding Company | 23338 | $&nbsp;&nbsp;&nbsp;&nbsp;351470 |
| Greif, Inc., Class A | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;170943 |
| Greif, Inc., Class B | &nbsp;&nbsp;1013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75661 |
| Myers Industries, Inc. | &nbsp;&nbsp;4005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74974 |
| O-I Glass, Inc. (A) | 11675 | &nbsp;&nbsp;&nbsp;&nbsp;172323 |
| Ranpak Holdings Corp. (A) | &nbsp;&nbsp;4753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25714 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;7724 | &nbsp;&nbsp;&nbsp;&nbsp;311818 |
| Sonoco Products Company | &nbsp;&nbsp;4787 | &nbsp;&nbsp;&nbsp;&nbsp;208905 |
| TriMas Corp. | &nbsp;&nbsp;3876 | &nbsp;&nbsp;&nbsp;&nbsp;137404 |
|  |  | &nbsp;&nbsp;&nbsp;2924336 |
| **Metals and mining – 2.5%** | **Metals and mining – 2.5%** |  |
| Alcoa Corp. | 23981 | &nbsp;&nbsp;&nbsp;1274337 |
| Alpha Metallurgical Resources, Inc. (A) | &nbsp;&nbsp;1317 | &nbsp;&nbsp;&nbsp;&nbsp;263242 |
| Ampco-Pittsburgh Corp. (A) | &nbsp;&nbsp;1644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8763 |
| Ascent Industries Company (A) | &nbsp;&nbsp;2209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35764 |
| Caledonia Mining Corp. PLC | &nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27217 |
| Century Aluminum Company (A) | &nbsp;&nbsp;1035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40551 |
| Coeur Mining, Inc. (A) | &nbsp;&nbsp;6632 | &nbsp;&nbsp;&nbsp;&nbsp;118249 |
| Commercial Metals Company | 11570 | &nbsp;&nbsp;&nbsp;&nbsp;800875 |
| Compass Minerals International, Inc. (A) | &nbsp;&nbsp;1647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32347 |
| Friedman Industries, Inc. | &nbsp;&nbsp;1511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30960 |
| Hecla Mining Company | 41970 | &nbsp;&nbsp;&nbsp;&nbsp;805404 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61450 |
| Materion Corp. | &nbsp;&nbsp;1671 | &nbsp;&nbsp;&nbsp;&nbsp;207739 |
| McEwen, Inc. (A) | &nbsp;&nbsp;1777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32892 |
| Metallus, Inc. (A) | &nbsp;&nbsp;5092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87379 |
| Nexa Resources SA | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7965 |
| Olympic Steel, Inc. | &nbsp;&nbsp;1697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72606 |
| Ramaco Resources, Inc., Class A (A) | &nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19998 |
| Ramaco Resources, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;148479 |
| Ryerson Holding Corp. | &nbsp;&nbsp;2583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64988 |
| SunCoke Energy, Inc. | &nbsp;&nbsp;7778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56002 |
| Tredegar Corp. (A) | &nbsp;&nbsp;1654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11876 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;1878 | &nbsp;&nbsp;&nbsp;&nbsp;165583 |
| Worthington Steel, Inc. | &nbsp;&nbsp;4445 | &nbsp;&nbsp;&nbsp;&nbsp;153886 |
|  |  | &nbsp;&nbsp;&nbsp;4528564 |
| **Paper and forest products – 0.1%** | **Paper and forest products – 0.1%** |  |
| Clearwater Paper Corp. (A) | &nbsp;&nbsp;1597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27788 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14295 |
| Mercer International, Inc. | &nbsp;&nbsp;7458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14767 |
| Resolute Forest Products, Inc. (A)(B) | &nbsp;&nbsp;7541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10708 |
| Sylvamo Corp. | &nbsp;&nbsp;1762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84840 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;152398 |
|  |  | 13147578 |
| **Real estate – 1.0%** |  |  |
| **Real estate management and development – 1.0%** | **Real estate management and development – 1.0%** |  |
| Anywhere Real Estate, Inc. (A) | &nbsp;&nbsp;9125 | &nbsp;&nbsp;&nbsp;&nbsp;129210 |
| Cushman & Wakefield, Ltd. (A)(C) | 20427 | &nbsp;&nbsp;&nbsp;&nbsp;330713 |
| Douglas Elliman, Inc. (A) | &nbsp;&nbsp;6219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14739 |
| Five Point Holdings LLC, Class A (A) | &nbsp;&nbsp;4575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25574 |
| Forestar Group, Inc. (A) | &nbsp;&nbsp;4423 | &nbsp;&nbsp;&nbsp;&nbsp;108938 |
| FRP Holdings, Inc. (A) | &nbsp;&nbsp;1862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42435 |
| Howard Hughes Holdings, Inc. (A) | &nbsp;&nbsp;3339 | &nbsp;&nbsp;&nbsp;&nbsp;266352 |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;1530 | &nbsp;&nbsp;&nbsp;&nbsp;514799 |
| Kennedy-Wilson Holdings, Inc. | 11933 | &nbsp;&nbsp;&nbsp;&nbsp;115392 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;3071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83808 |
| Newmark Group, Inc., Class A | &nbsp;&nbsp;8103 | &nbsp;&nbsp;&nbsp;&nbsp;140506 |
| RE/MAX Holdings, Inc., Class A (A) | &nbsp;&nbsp;2193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16645 |
| Seaport Entertainment Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16627 |
| Stratus Properties, Inc. (A) | &nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24785 |
| Tejon Ranch Company (A) | &nbsp;&nbsp;1556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24538 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 110 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Opportunities Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Real estate management and development (continued)** | **Real estate management and development (continued)** |  |
| The RMR Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1861617 |
| **Utilities – 0.5%** |  |  |
| **Electric utilities – 0.0%** | **Electric utilities – 0.0%** |  |
| Genie Energy, Ltd., B Shares | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13780 |
| **Gas utilities – 0.4%** | **Gas utilities – 0.4%** |  |
| MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316946 |
| New Jersey Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313478 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630424 |
| **Independent power and renewable electricity producers –<br> 0.1%** | **Independent power and renewable electricity producers –<br> 0.1%** |  |
| Hallador Energy Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;1635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31130 |
| Montauk Renewables, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3340 |
| Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195753 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230223 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874427 |
| TOTAL COMMON STOCKS (Cost $156,099,691) | TOTAL COMMON STOCKS (Cost $156,099,691) | $180047399 |
| **SHORT-TERM INVESTMENTS – 6.7%** | **SHORT-TERM INVESTMENTS – 6.7%** |  |
| **Short-term funds – 6.7%** |  |  |
| John Hancock Collateral Trust, 3.7477% (D)(E) | 1147113 | &nbsp;&nbsp;&nbsp;11475949 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (D) | &nbsp;&nbsp;586489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586489 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $12,062,656) | TOTAL SHORT-TERM INVESTMENTS (Cost $12,062,656) | $&nbsp;&nbsp;&nbsp;12062438 |
| **Total Investments (Small Cap Opportunities Trust)<br> (Cost $168,162,347) – 106.4%** | **Total Investments (Small Cap Opportunities Trust)<br> (Cost $168,162,347) – 106.4%** | $**192109837** |
| **Other assets and liabilities, net – (6.4%)** | **Other assets and liabilities, net – (6.4%)** | &nbsp;&nbsp;**(11625783)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**180484054** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | 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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (E) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Small Cap Stock Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.7%** | **COMMON STOCKS – 98.7%** |  |
| **Communication services – 1.1%** |  |  |
| **Interactive media and services – 1.1%** | **Interactive media and services – 1.1%** |  |
| CarGurus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74542 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2858686 |
| **Consumer discretionary – 8.7%** |  |  |
| **Automobile components – 0.6%** | **Automobile components – 0.6%** |  |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1594732 |
| **Broadline retail – 0.8%** | **Broadline retail – 0.8%** |  |
| Ollie's Bargain Outlet Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2205792 |
| **Diversified consumer services – 0.5%** | **Diversified consumer services – 0.5%** |  |
| Stride, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1318858 |
| **Hotels, restaurants and leisure – 2.7%** | **Hotels, restaurants and leisure – 2.7%** |  |
| Genius Sports, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3964941 |

---

#### Small Cap Stock Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Life Time Group Holdings, Inc. (A) | 100781 | $&nbsp;&nbsp;&nbsp;2678759 |
| Wingstop, Inc. (B) | &nbsp;&nbsp;&nbsp;2524 | &nbsp;&nbsp;&nbsp;&nbsp;601949 |
|  |  | &nbsp;&nbsp;&nbsp;7245649 |
| **Household durables – 1.6%** | **Household durables – 1.6%** |  |
| Champion Homes, Inc. (A) | &nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;4225000 |
| **Specialty retail – 2.5%** | **Specialty retail – 2.5%** |  |
| Boot Barn Holdings, Inc. (A) | &nbsp;&nbsp;18126 | &nbsp;&nbsp;&nbsp;3198695 |
| Five Below, Inc. (A) | &nbsp;&nbsp;17868 | &nbsp;&nbsp;&nbsp;3365616 |
|  |  | &nbsp;&nbsp;&nbsp;6564311 |
|  |  | 23154342 |
| **Consumer staples – 2.1%** |  |  |
| **Beverages – 1.8%** | **Beverages – 1.8%** |  |
| The Vita Coco Company, Inc. (A) | &nbsp;&nbsp;89111 | &nbsp;&nbsp;&nbsp;4723774 |
| **Personal care products – 0.3%** | **Personal care products – 0.3%** |  |
| Oddity Tech, Ltd., Class A (A) | &nbsp;&nbsp;20975 | &nbsp;&nbsp;&nbsp;&nbsp;842776 |
|  |  | &nbsp;&nbsp;&nbsp;5566550 |
| **Energy – 1.7%** |  |  |
| **Energy equipment and services – 0.6%** | **Energy equipment and services – 0.6%** |  |
| Cactus, Inc., Class A | &nbsp;&nbsp;34301 | &nbsp;&nbsp;&nbsp;1566870 |
| **Oil, gas and consumable fuels – 1.1%** | **Oil, gas and consumable fuels – 1.1%** |  |
| Viper Energy, Inc., Class A | &nbsp;&nbsp;78104 | &nbsp;&nbsp;&nbsp;3017158 |
|  |  | &nbsp;&nbsp;&nbsp;4584028 |
| **Financials – 8.2%** |  |  |
| **Banks – 3.2%** | **Banks – 3.2%** |  |
| Cadence Bank (B) | 104354 | &nbsp;&nbsp;&nbsp;4470525 |
| Seacoast Banking Corp. of Florida | 128306 | &nbsp;&nbsp;&nbsp;4031375 |
|  |  | &nbsp;&nbsp;&nbsp;8501900 |
| **Capital markets – 1.4%** | **Capital markets – 1.4%** |  |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;21234 | &nbsp;&nbsp;&nbsp;3550325 |
| **Consumer finance – 0.4%** | **Consumer finance – 0.4%** |  |
| Dave, Inc. (A) | &nbsp;&nbsp;&nbsp;4646 | &nbsp;&nbsp;&nbsp;1028671 |
| **Financial services – 1.1%** | **Financial services – 1.1%** |  |
| HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;95430 | &nbsp;&nbsp;&nbsp;2999365 |
| **Insurance – 2.1%** | **Insurance – 2.1%** |  |
| Beazley PLC | &nbsp;&nbsp;77055 | &nbsp;&nbsp;&nbsp;&nbsp;861675 |
| SiriusPoint, Ltd. (A) | 212742 | &nbsp;&nbsp;&nbsp;4656922 |
|  |  | &nbsp;&nbsp;&nbsp;5518597 |
|  |  | 21598858 |
| **Health care – 29.2%** |  |  |
| **Biotechnology – 15.0%** | **Biotechnology – 15.0%** |  |
| Akero Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;25401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16511 |
| Amicus Therapeutics, Inc. (A) | 124332 | &nbsp;&nbsp;&nbsp;1770488 |
| Apellis Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;35572 | &nbsp;&nbsp;&nbsp;&nbsp;893569 |
| Apogee Therapeutics, Inc. (A) | &nbsp;&nbsp;24757 | &nbsp;&nbsp;&nbsp;1868658 |
| Avidity Biosciences, Inc. (A) | &nbsp;&nbsp;46157 | &nbsp;&nbsp;&nbsp;3329304 |
| BridgeBio Pharma, Inc. (A) | &nbsp;&nbsp;19128 | &nbsp;&nbsp;&nbsp;1463101 |
| Celcuity, Inc. (A) | &nbsp;&nbsp;16037 | &nbsp;&nbsp;&nbsp;1599530 |
| Celldex Therapeutics, Inc. (A) | &nbsp;&nbsp;52993 | &nbsp;&nbsp;&nbsp;1439290 |
| CG Oncology, Inc. (A)(B) | &nbsp;&nbsp;35637 | &nbsp;&nbsp;&nbsp;1479648 |
| Cogent Biosciences, Inc. (A) | &nbsp;&nbsp;23043 | &nbsp;&nbsp;&nbsp;&nbsp;818487 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;18971 | &nbsp;&nbsp;&nbsp;1205417 |
| Disc Medicine, Inc. (A) | &nbsp;&nbsp;31459 | &nbsp;&nbsp;&nbsp;2498159 |
| Insmed, Inc. (A) | &nbsp;&nbsp;18130 | &nbsp;&nbsp;&nbsp;3155345 |
| Kymera Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;23837 | &nbsp;&nbsp;&nbsp;1854757 |
| Mineralys Therapeutics, Inc. (A) | &nbsp;&nbsp;30244 | &nbsp;&nbsp;&nbsp;1097555 |
| Nuvalent, Inc., Class A (A) | &nbsp;&nbsp;14413 | &nbsp;&nbsp;&nbsp;1449804 |
| Protagonist Therapeutics, Inc. (A) | &nbsp;&nbsp;27444 | &nbsp;&nbsp;&nbsp;2396959 |
| PTC Therapeutics, Inc. (A) | &nbsp;&nbsp;31207 | &nbsp;&nbsp;&nbsp;2370484 |
| REVOLUTION Medicines, Inc. (A) | &nbsp;&nbsp;57094 | &nbsp;&nbsp;&nbsp;4547537 |
| Scholar Rock Holding Corp. (A) | &nbsp;&nbsp;30440 | &nbsp;&nbsp;&nbsp;1340882 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 111 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Stock Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Soleno Therapeutics, Inc. (A) | &nbsp;&nbsp;16479 | $&nbsp;&nbsp;&nbsp;&nbsp;762978 |
| Vaxcyte, Inc. (A) | &nbsp;&nbsp;33796 | &nbsp;&nbsp;&nbsp;1559347 |
| Viridian Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;24380 | &nbsp;&nbsp;&nbsp;&nbsp;758706 |
|  |  | 39676516 |
| **Health care equipment and supplies – 2.5%** | **Health care equipment and supplies – 2.5%** |  |
| Glaukos Corp. (A) | &nbsp;&nbsp;17389 | &nbsp;&nbsp;&nbsp;1963392 |
| Inspire Medical Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;7864 | &nbsp;&nbsp;&nbsp;&nbsp;725297 |
| Lantheus Holdings, Inc. (A) | &nbsp;&nbsp;11427 | &nbsp;&nbsp;&nbsp;&nbsp;760467 |
| TransMedics Group, Inc. (A) | &nbsp;&nbsp;24630 | &nbsp;&nbsp;&nbsp;2996240 |
|  |  | &nbsp;&nbsp;&nbsp;6445396 |
| **Health care providers and services – 8.2%** | **Health care providers and services – 8.2%** |  |
| Alignment Healthcare, Inc. (A) | 243391 | &nbsp;&nbsp;&nbsp;4806972 |
| GeneDx Holdings Corp. (A) | &nbsp;&nbsp;23529 | &nbsp;&nbsp;&nbsp;3060182 |
| Guardian Pharmacy Services, Inc., Class A (A) | &nbsp;&nbsp;63446 | &nbsp;&nbsp;&nbsp;1909090 |
| HealthEquity, Inc. (A) | &nbsp;&nbsp;37959 | &nbsp;&nbsp;&nbsp;3477424 |
| Hims & Hers Health, Inc. (A)(B) | &nbsp;&nbsp;26733 | &nbsp;&nbsp;&nbsp;&nbsp;868021 |
| Hinge Health, Inc., Class A (A) | &nbsp;&nbsp;36535 | &nbsp;&nbsp;&nbsp;1697051 |
| PACS Group, Inc. (A) | &nbsp;&nbsp;79362 | &nbsp;&nbsp;&nbsp;3046707 |
| The Ensign Group, Inc. | &nbsp;&nbsp;16390 | &nbsp;&nbsp;&nbsp;2855138 |
|  |  | 21720585 |
| **Life sciences tools and services – 0.4%** | **Life sciences tools and services – 0.4%** |  |
| Adaptive Biotechnologies Corp. (A) | &nbsp;&nbsp;70450 | &nbsp;&nbsp;&nbsp;1144108 |
| **Pharmaceuticals – 3.1%** | **Pharmaceuticals – 3.1%** |  |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;15377 | &nbsp;&nbsp;&nbsp;2808455 |
| Crinetics Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;48062 | &nbsp;&nbsp;&nbsp;2237286 |
| Structure Therapeutics, Inc., ADR (A) | &nbsp;&nbsp;38528 | &nbsp;&nbsp;&nbsp;2679622 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;13301 | &nbsp;&nbsp;&nbsp;&nbsp;537360 |
|  |  | &nbsp;&nbsp;&nbsp;8262723 |
|  |  | 77249328 |
| **Industrials – 23.1%** |  |  |
| **Aerospace and defense – 2.9%** | **Aerospace and defense – 2.9%** |  |
| Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;7390 | &nbsp;&nbsp;&nbsp;4073885 |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;14344 | &nbsp;&nbsp;&nbsp;1088853 |
| StandardAero, Inc. (A) | &nbsp;&nbsp;65773 | &nbsp;&nbsp;&nbsp;1886370 |
| Voyager Technologies, Inc., Class A (A)(B) | &nbsp;&nbsp;23014 | &nbsp;&nbsp;&nbsp;&nbsp;601586 |
|  |  | &nbsp;&nbsp;&nbsp;7650694 |
| **Building products – 3.5%** | **Building products – 3.5%** |  |
| Modine Manufacturing Company (A) | &nbsp;&nbsp;25983 | &nbsp;&nbsp;&nbsp;3468990 |
| Zurn Elkay Water Solutions Corp. (B) | 123691 | &nbsp;&nbsp;&nbsp;5750395 |
|  |  | &nbsp;&nbsp;&nbsp;9219385 |
| **Commercial services and supplies – 1.4%** | **Commercial services and supplies – 1.4%** |  |
| Casella Waste Systems, Inc., Class A (A) | &nbsp;&nbsp;38639 | &nbsp;&nbsp;&nbsp;3784304 |
| **Construction and engineering – 2.4%** | **Construction and engineering – 2.4%** |  |
| Ameresco, Inc., Class A (A) | 143389 | &nbsp;&nbsp;&nbsp;4199864 |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;2228 | &nbsp;&nbsp;&nbsp;2079370 |
|  |  | &nbsp;&nbsp;&nbsp;6279234 |
| **Electrical equipment – 4.1%** | **Electrical equipment – 4.1%** |  |
| Acuity, Inc. | &nbsp;&nbsp;13068 | &nbsp;&nbsp;&nbsp;4705003 |
| Bloom Energy Corp., Class A (A) | &nbsp;&nbsp;12579 | &nbsp;&nbsp;&nbsp;1092989 |
| Nextpower, Inc., Class A (A) | &nbsp;&nbsp;58096 | &nbsp;&nbsp;&nbsp;5060743 |
|  |  | 10858735 |
| **Professional services – 4.3%** | **Professional services – 4.3%** |  |
| ExlService Holdings, Inc. (A) | 101285 | &nbsp;&nbsp;&nbsp;4298535 |
| TriNet Group, Inc. | &nbsp;&nbsp;22632 | &nbsp;&nbsp;&nbsp;1338230 |
| Verra Mobility Corp. (A) | 252580 | &nbsp;&nbsp;&nbsp;5660318 |
|  |  | 11297083 |
| **Trading companies and distributors – 4.5%** | **Trading companies and distributors – 4.5%** |  |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;15580 | &nbsp;&nbsp;&nbsp;4000477 |
| DXP Enterprises, Inc. (A) | &nbsp;&nbsp;26113 | &nbsp;&nbsp;&nbsp;2866946 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Trading companies and distributors (continued)** | **Trading companies and distributors (continued)** |  |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;40315 | $&nbsp;&nbsp;&nbsp;&nbsp;2174591 |
| Xometry, Inc., Class A (A) | &nbsp;&nbsp;49297 | &nbsp;&nbsp;&nbsp;&nbsp;2931693 |
|  |  | &nbsp;&nbsp;&nbsp;11973707 |
|  |  | &nbsp;&nbsp;&nbsp;61063142 |
| **Information technology – 19.0%** |  |  |
| **Communications equipment – 1.2%** | **Communications equipment – 1.2%** |  |
| Calix, Inc. (A) | &nbsp;&nbsp;61630 | &nbsp;&nbsp;&nbsp;&nbsp;3262076 |
| **Electronic equipment, instruments and components – 2.6%** | **Electronic equipment, instruments and components – 2.6%** |  |
| Fabrinet (A) | &nbsp;&nbsp;&nbsp;6123 | &nbsp;&nbsp;&nbsp;&nbsp;2787679 |
| OSI Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;7085 | &nbsp;&nbsp;&nbsp;&nbsp;1807100 |
| Sanmina Corp. (A) | &nbsp;&nbsp;14126 | &nbsp;&nbsp;&nbsp;&nbsp;2119889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6714668 |
| **Semiconductors and semiconductor equipment – 6.2%** | **Semiconductors and semiconductor equipment – 6.2%** |  |
| Credo Technology Group Holding, Ltd. (A) | &nbsp;&nbsp;25859 | &nbsp;&nbsp;&nbsp;&nbsp;3720852 |
| MKS, Inc. | &nbsp;&nbsp;25850 | &nbsp;&nbsp;&nbsp;&nbsp;4130830 |
| SiTime Corp. (A) | &nbsp;&nbsp;21792 | &nbsp;&nbsp;&nbsp;&nbsp;7696713 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;7089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827853 |
|  |  | &nbsp;&nbsp;&nbsp;16376248 |
| **Software – 8.7%** | **Software – 8.7%** |  |
| Agilysys, Inc. (A) | &nbsp;&nbsp;19495 | &nbsp;&nbsp;&nbsp;&nbsp;2316786 |
| Amplitude, Inc., Class A (A) | 182016 | &nbsp;&nbsp;&nbsp;&nbsp;2107745 |
| AvePoint, Inc. (A) | 216420 | &nbsp;&nbsp;&nbsp;&nbsp;3006074 |
| Clearwater Analytics Holdings, Inc., Class A (A) | &nbsp;&nbsp;83996 | &nbsp;&nbsp;&nbsp;&nbsp;2025984 |
| CommVault Systems, Inc. (A) | &nbsp;&nbsp;14719 | &nbsp;&nbsp;&nbsp;&nbsp;1845174 |
| CyberArk Software, Ltd. (A) | &nbsp;&nbsp;&nbsp;5918 | &nbsp;&nbsp;&nbsp;&nbsp;2639783 |
| Freshworks, Inc., Class A (A) | 190820 | &nbsp;&nbsp;&nbsp;&nbsp;2337545 |
| Intapp, Inc. (A) | &nbsp;&nbsp;67949 | &nbsp;&nbsp;&nbsp;&nbsp;3113423 |
| Rubrik, Inc., Class A (A) | &nbsp;&nbsp;35384 | &nbsp;&nbsp;&nbsp;&nbsp;2706168 |
| ServiceTitan, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;9752 | &nbsp;&nbsp;&nbsp;&nbsp;1038588 |
|  |  | &nbsp;&nbsp;&nbsp;23137270 |
| **Technology hardware, storage and peripherals – 0.3%** | **Technology hardware, storage and peripherals – 0.3%** |  |
| IonQ, Inc. (A)(B) | &nbsp;&nbsp;19597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879317 |
|  |  | &nbsp;&nbsp;&nbsp;50369579 |
| **Materials – 2.2%** |  |  |
| **Chemicals – 0.8%** | **Chemicals – 0.8%** |  |
| Cabot Corp. | &nbsp;&nbsp;33935 | &nbsp;&nbsp;&nbsp;&nbsp;2249212 |
| **Construction materials – 1.1%** | **Construction materials – 1.1%** |  |
| James Hardie Industries PLC (A) | 139262 | &nbsp;&nbsp;&nbsp;&nbsp;2889687 |
| **Metals and mining – 0.3%** | **Metals and mining – 0.3%** |  |
| MP Materials Corp. (A)(B) | &nbsp;&nbsp;15777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797054 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5935953 |
| **Real estate – 3.4%** |  |  |
| **Health care REITs – 2.0%** | **Health care REITs – 2.0%** |  |
| American Healthcare REIT, Inc. | 111302 | &nbsp;&nbsp;&nbsp;&nbsp;5237872 |
| **Retail REITs – 1.4%** | **Retail REITs – 1.4%** |  |
| Phillips Edison & Company, Inc. | 107963 | &nbsp;&nbsp;&nbsp;&nbsp;3840244 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9078116 |
| TOTAL COMMON STOCKS (Cost $203,545,036) | TOTAL COMMON STOCKS (Cost $203,545,036) | $261458582 |
| **EXCHANGE-TRADED FUNDS – 0.3%** | **EXCHANGE-TRADED FUNDS – 0.3%** |  |
| iShares Russell 2000 Growth ETF | &nbsp;&nbsp;&nbsp;2767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893769 |
| TOTAL EXCHANGE-TRADED FUNDS (Cost $938,761) | TOTAL EXCHANGE-TRADED FUNDS (Cost $938,761) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893769 |
| **SHORT-TERM INVESTMENTS – 2.5%** | **SHORT-TERM INVESTMENTS – 2.5%** |  |
| **Short-term funds – 1.6%** |  |  |
| John Hancock Collateral Trust, 3.7477% (D)(E) | 427369 | &nbsp;&nbsp;&nbsp;&nbsp;4275486 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 112 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Cap Stock Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS (continued)** | **SHORT-TERM INVESTMENTS (continued)** |  |
| **Repurchase agreement – 0.9%** |  |  |
| Societe Generale SA Tri-Party Repurchase Agreement dated 12-31-25 at 3.820% to be repurchased at $2,400,509 on 1-2-26, collateralized by $2,430,400 U.S. Treasury Notes, 3.500% due 10-15-28 (valued at $2,448,005) | 2400000 | $&nbsp;&nbsp;&nbsp;&nbsp;2400000 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $6,675,596) | TOTAL SHORT-TERM INVESTMENTS (Cost $6,675,596) | $&nbsp;&nbsp;&nbsp;&nbsp;6675486 |
| **Total Investments (Small Cap Stock Trust)<br> (Cost $211,159,393) – 101.5%** | **Total Investments (Small Cap Stock Trust)<br> (Cost $211,159,393) – 101.5%** | $**269027837** |
| **Other assets and liabilities, net – (1.5%)** | **Other assets and liabilities, net – (1.5%)** | &nbsp;&nbsp;&nbsp;**(4105112)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**264922725** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan 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) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (E) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Small Company Value Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.5%** | **COMMON STOCKS – 98.5%** |  |
| **Communication services – 2.0%** |  |  |
| **Entertainment – 1.1%** | **Entertainment – 1.1%** |  |
| Liberty Live Holdings, Inc., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10102 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840082 |
| Madison Square Garden Sports Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642487 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1482569 |
| **Media – 0.9%** | **Media – 0.9%** |  |
| The New York Times Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119745 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2602314 |
| **Consumer discretionary – 10.1%** |  |  |
| **Automobile components – 1.0%** | **Automobile components – 1.0%** |  |
| Dorman Products, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488818 |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;811298 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300116 |
| **Broadline retail – 0.3%** | **Broadline retail – 0.3%** |  |
| Savers Value Village, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386844 |
| **Distributors – 0.2%** | **Distributors – 0.2%** |  |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304695 |
| **Diversified consumer services – 1.1%** | **Diversified consumer services – 1.1%** |  |
| Coursera, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185450 |
| Strategic Education, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158730 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344180 |
| **Hotels, restaurants and leisure – 1.3%** | **Hotels, restaurants and leisure – 1.3%** |  |
| Black Rock Coffee Bar, Inc., Class A (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104664 |
| Dutch Bros, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491597 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430771 |
| Papa John's International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448370 |
| Wingstop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193654 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1669056 |
| **Household durables – 1.5%** | **Household durables – 1.5%** |  |
| Champion Homes, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448526 |

---

#### Small Company Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Household durables (continued)** | **Household durables (continued)** |  |
| Meritage Homes Corp. | &nbsp;&nbsp;5201 | $&nbsp;&nbsp;&nbsp;&nbsp;342226 |
| Taylor Morrison Home Corp. (A) | 19590 | &nbsp;&nbsp;&nbsp;1153263 |
|  |  | &nbsp;&nbsp;&nbsp;1944015 |
| **Leisure products – 0.4%** | **Leisure products – 0.4%** |  |
| Peloton Interactive, Inc., Class A (A) | 77558 | &nbsp;&nbsp;&nbsp;&nbsp;477757 |
| **Specialty retail – 2.9%** | **Specialty retail – 2.9%** |  |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;6448 | &nbsp;&nbsp;&nbsp;&nbsp;811610 |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;5661 | &nbsp;&nbsp;&nbsp;&nbsp;222477 |
| Boot Barn Holdings, Inc. (A) | &nbsp;&nbsp;2234 | &nbsp;&nbsp;&nbsp;&nbsp;394234 |
| Carvana Company (A) | &nbsp;&nbsp;1084 | &nbsp;&nbsp;&nbsp;&nbsp;457470 |
| Chewy, Inc., Class A (A) | 12695 | &nbsp;&nbsp;&nbsp;&nbsp;419570 |
| Urban Outfitters, Inc. (A) | &nbsp;&nbsp;6472 | &nbsp;&nbsp;&nbsp;&nbsp;487083 |
| Victoria's Secret & Company (A) | 16627 | &nbsp;&nbsp;&nbsp;&nbsp;900685 |
|  |  | &nbsp;&nbsp;&nbsp;3693129 |
| **Textiles, apparel and luxury goods – 1.4%** | **Textiles, apparel and luxury goods – 1.4%** |  |
| Figs, Inc., Class A (A) | 62892 | &nbsp;&nbsp;&nbsp;&nbsp;714453 |
| Kontoor Brands, Inc. | &nbsp;&nbsp;6176 | &nbsp;&nbsp;&nbsp;&nbsp;377292 |
| Steven Madden, Ltd. | 17690 | &nbsp;&nbsp;&nbsp;&nbsp;736612 |
|  |  | &nbsp;&nbsp;&nbsp;1828357 |
|  |  | 12948149 |
| **Consumer staples – 1.5%** |  |  |
| **Consumer staples distribution and retail – 0.3%** | **Consumer staples distribution and retail – 0.3%** |  |
| Grocery Outlet Holding Corp. (A) | 35198 | &nbsp;&nbsp;&nbsp;&nbsp;355500 |
| **Food products – 0.6%** | **Food products – 0.6%** |  |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;7810 | &nbsp;&nbsp;&nbsp;&nbsp;773581 |
| **Household products – 0.3%** | **Household products – 0.3%** |  |
| Reynolds Consumer Products, Inc. | 20477 | &nbsp;&nbsp;&nbsp;&nbsp;469333 |
| **Tobacco – 0.3%** | **Tobacco – 0.3%** |  |
| Turning Point Brands, Inc. | &nbsp;&nbsp;3239 | &nbsp;&nbsp;&nbsp;&nbsp;351108 |
|  |  | &nbsp;&nbsp;&nbsp;1949522 |
| **Energy – 6.9%** |  |  |
| **Energy equipment and services – 3.0%** | **Energy equipment and services – 3.0%** |  |
| Cactus, Inc., Class A | 12820 | &nbsp;&nbsp;&nbsp;&nbsp;585618 |
| Enerflex, Ltd. | 37766 | &nbsp;&nbsp;&nbsp;&nbsp;582729 |
| Expro Group Holdings NV (A) | 44468 | &nbsp;&nbsp;&nbsp;&nbsp;593648 |
| Liberty Energy, Inc. | 20793 | &nbsp;&nbsp;&nbsp;&nbsp;383839 |
| Noble Corp. PLC | 18216 | &nbsp;&nbsp;&nbsp;&nbsp;514420 |
| TechnipFMC PLC | 26094 | &nbsp;&nbsp;&nbsp;1162749 |
|  |  | &nbsp;&nbsp;&nbsp;3823003 |
| **Oil, gas and consumable fuels – 3.9%** | **Oil, gas and consumable fuels – 3.9%** |  |
| Magnolia Oil & Gas Corp., Class A | 30838 | &nbsp;&nbsp;&nbsp;&nbsp;675044 |
| Matador Resources Company | 24329 | &nbsp;&nbsp;&nbsp;1032523 |
| PBF Energy, Inc., Class A | 26193 | &nbsp;&nbsp;&nbsp;&nbsp;710354 |
| Permian Resources Corp. | 67715 | &nbsp;&nbsp;&nbsp;&nbsp;950041 |
| Range Resources Corp. | 27896 | &nbsp;&nbsp;&nbsp;&nbsp;983613 |
| Scorpio Tankers, Inc. | 11762 | &nbsp;&nbsp;&nbsp;&nbsp;597862 |
|  |  | &nbsp;&nbsp;&nbsp;4949437 |
|  |  | &nbsp;&nbsp;&nbsp;8772440 |
| **Financials – 26.4%** |  |  |
| **Banks – 18.0%** | **Banks – 18.0%** |  |
| Avidia Bancorp, Inc. (A) | 29455 | &nbsp;&nbsp;&nbsp;&nbsp;495139 |
| Banc of California, Inc. | 65177 | &nbsp;&nbsp;&nbsp;1257264 |
| BankUnited, Inc. | 13073 | &nbsp;&nbsp;&nbsp;&nbsp;582664 |
| Cathay General Bancorp | 14700 | &nbsp;&nbsp;&nbsp;&nbsp;711333 |
| Coastal Financial Corp. (A) | 10400 | &nbsp;&nbsp;&nbsp;1191736 |
| Columbia Banking System, Inc. | 81601 | &nbsp;&nbsp;&nbsp;2280738 |
| Commercial Bancgroup, Inc. (A) | &nbsp;&nbsp;9483 | &nbsp;&nbsp;&nbsp;&nbsp;232902 |
| Eastern Bankshares, Inc. | 65380 | &nbsp;&nbsp;&nbsp;1204953 |
| FB Financial Corp. | 25047 | &nbsp;&nbsp;&nbsp;1397623 |
| Flagstar Bank NA | 90408 | &nbsp;&nbsp;&nbsp;1138237 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 113 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Company Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Home BancShares, Inc. | &nbsp;&nbsp;37581 | $&nbsp;&nbsp;&nbsp;1044000 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;29664 | &nbsp;&nbsp;&nbsp;1018958 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;12065 | &nbsp;&nbsp;&nbsp;&nbsp;458591 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;22942 | &nbsp;&nbsp;&nbsp;2188896 |
| Popular, Inc. | &nbsp;&nbsp;&nbsp;4563 | &nbsp;&nbsp;&nbsp;&nbsp;568185 |
| Preferred Bank | &nbsp;&nbsp;&nbsp;8365 | &nbsp;&nbsp;&nbsp;&nbsp;789907 |
| Southern First Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;7033 | &nbsp;&nbsp;&nbsp;&nbsp;362340 |
| SouthState Bank Corp. | &nbsp;&nbsp;10210 | &nbsp;&nbsp;&nbsp;&nbsp;960863 |
| Synovus Financial Corp. | &nbsp;&nbsp;13175 | &nbsp;&nbsp;&nbsp;&nbsp;659409 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;14736 | &nbsp;&nbsp;&nbsp;1334197 |
| Towne Bank | &nbsp;&nbsp;30786 | &nbsp;&nbsp;&nbsp;1027329 |
| Western Alliance Bancorp | &nbsp;&nbsp;17360 | &nbsp;&nbsp;&nbsp;1459455 |
| WSFS Financial Corp. | &nbsp;&nbsp;12406 | &nbsp;&nbsp;&nbsp;&nbsp;685307 |
|  |  | 23050026 |
| **Capital markets – 1.5%** | **Capital markets – 1.5%** |  |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;&nbsp;4591 | &nbsp;&nbsp;&nbsp;&nbsp;616617 |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;6623 | &nbsp;&nbsp;&nbsp;1153660 |
| Miami International Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2364 | &nbsp;&nbsp;&nbsp;&nbsp;104914 |
| Wealthfront Corp. (A) | &nbsp;&nbsp;&nbsp;7505 | &nbsp;&nbsp;&nbsp;&nbsp;101993 |
|  |  | &nbsp;&nbsp;&nbsp;1977184 |
| **Consumer finance – 0.5%** | **Consumer finance – 0.5%** |  |
| PRA Group, Inc. (A) | &nbsp;&nbsp;33123 | &nbsp;&nbsp;&nbsp;&nbsp;585946 |
| **Financial services – 3.6%** | **Financial services – 3.6%** |  |
| HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;39712 | &nbsp;&nbsp;&nbsp;1248148 |
| Marqeta, Inc., Class A (A) | 101777 | &nbsp;&nbsp;&nbsp;&nbsp;483441 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;15668 | &nbsp;&nbsp;&nbsp;2065669 |
| Sezzle, Inc. (A) | &nbsp;&nbsp;&nbsp;2975 | &nbsp;&nbsp;&nbsp;&nbsp;188838 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;9462 | &nbsp;&nbsp;&nbsp;&nbsp;569139 |
|  |  | &nbsp;&nbsp;&nbsp;4555235 |
| **Insurance – 2.4%** | **Insurance – 2.4%** |  |
| Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;&nbsp;4587 | &nbsp;&nbsp;&nbsp;&nbsp;337833 |
| Neptune Insurance Holdings Inc., Class A (A) | &nbsp;&nbsp;&nbsp;8051 | &nbsp;&nbsp;&nbsp;&nbsp;234767 |
| Oscar Health, Inc., Class A (A) | &nbsp;&nbsp;31994 | &nbsp;&nbsp;&nbsp;&nbsp;459754 |
| Primerica, Inc. | &nbsp;&nbsp;&nbsp;1699 | &nbsp;&nbsp;&nbsp;&nbsp;438954 |
| RLI Corp. | &nbsp;&nbsp;&nbsp;6064 | &nbsp;&nbsp;&nbsp;&nbsp;387975 |
| Root, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2738 | &nbsp;&nbsp;&nbsp;&nbsp;197766 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;13790 | &nbsp;&nbsp;&nbsp;&nbsp;711978 |
| The Baldwin Insurance Group, Inc. (A) | &nbsp;&nbsp;10959 | &nbsp;&nbsp;&nbsp;&nbsp;263345 |
|  |  | &nbsp;&nbsp;&nbsp;3032372 |
| **Mortgage real estate investment trusts – 0.4%** | **Mortgage real estate investment trusts – 0.4%** |  |
| PennyMac Mortgage Investment Trust | &nbsp;&nbsp;43471 | &nbsp;&nbsp;&nbsp;&nbsp;545561 |
|  |  | 33746324 |
| **Health care – 10.6%** |  |  |
| **Biotechnology – 5.5%** | **Biotechnology – 5.5%** |  |
| Arcellx, Inc. (A) | &nbsp;&nbsp;&nbsp;9183 | &nbsp;&nbsp;&nbsp;&nbsp;598732 |
| Black Diamond Therapeutics, Inc. (A) | &nbsp;&nbsp;45300 | &nbsp;&nbsp;&nbsp;&nbsp;110079 |
| Cabaletta Bio, Inc. (A) | &nbsp;&nbsp;70113 | &nbsp;&nbsp;&nbsp;&nbsp;153547 |
| CRISPR Therapeutics AG (A) | &nbsp;&nbsp;&nbsp;7334 | &nbsp;&nbsp;&nbsp;&nbsp;384595 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;22066 | &nbsp;&nbsp;&nbsp;1402074 |
| Denali Therapeutics, Inc. (A) | &nbsp;&nbsp;18441 | &nbsp;&nbsp;&nbsp;&nbsp;304461 |
| Dyne Therapeutics, Inc. (A) | &nbsp;&nbsp;29563 | &nbsp;&nbsp;&nbsp;&nbsp;578252 |
| Immatics NV (A) | &nbsp;&nbsp;65663 | &nbsp;&nbsp;&nbsp;&nbsp;689462 |
| Immunocore Holdings PLC, ADR (A) | &nbsp;&nbsp;10424 | &nbsp;&nbsp;&nbsp;&nbsp;361817 |
| Immunome, Inc. (A) | &nbsp;&nbsp;10804 | &nbsp;&nbsp;&nbsp;&nbsp;232070 |
| Immunovant, Inc. (A) | &nbsp;&nbsp;11619 | &nbsp;&nbsp;&nbsp;&nbsp;295355 |
| MapLight Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;7502 | &nbsp;&nbsp;&nbsp;&nbsp;131773 |
| Praxis Precision Medicines, Inc. (A) | &nbsp;&nbsp;&nbsp;1926 | &nbsp;&nbsp;&nbsp;&nbsp;567669 |
| Sarepta Therapeutics, Inc. (A) | &nbsp;&nbsp;17407 | &nbsp;&nbsp;&nbsp;&nbsp;374599 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Vaxcyte, Inc. (A) | 16825 | $&nbsp;&nbsp;&nbsp;&nbsp;776306 |
|  |  | &nbsp;&nbsp;&nbsp;6960791 |
| **Health care equipment and supplies – 0.8%** | **Health care equipment and supplies – 0.8%** |  |
| Avanos Medical, Inc. (A) | 38501 | &nbsp;&nbsp;&nbsp;&nbsp;432366 |
| QuidelOrtho Corp. (A) | 21757 | &nbsp;&nbsp;&nbsp;&nbsp;621380 |
|  |  | &nbsp;&nbsp;&nbsp;1053746 |
| **Health care providers and services – 2.7%** | **Health care providers and services – 2.7%** |  |
| Alignment Healthcare, Inc. (A) | 34856 | &nbsp;&nbsp;&nbsp;&nbsp;688406 |
| BrightSpring Health Services, Inc. (A) | 23507 | &nbsp;&nbsp;&nbsp;&nbsp;880337 |
| Concentra Group Holdings Parent, Inc. | 31419 | &nbsp;&nbsp;&nbsp;&nbsp;618326 |
| Innovage Holding Corp. (A) | 44362 | &nbsp;&nbsp;&nbsp;&nbsp;230239 |
| NeoGenomics, Inc. (A) | 18155 | &nbsp;&nbsp;&nbsp;&nbsp;213503 |
| The Ensign Group, Inc. | &nbsp;&nbsp;4746 | &nbsp;&nbsp;&nbsp;&nbsp;826753 |
|  |  | &nbsp;&nbsp;&nbsp;3457564 |
| **Life sciences tools and services – 0.7%** | **Life sciences tools and services – 0.7%** |  |
| 10X Genomics, Inc., Class A (A) | 13539 | &nbsp;&nbsp;&nbsp;&nbsp;220821 |
| Sotera Health Company (A) | 39758 | &nbsp;&nbsp;&nbsp;&nbsp;701331 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;922152 |
| **Pharmaceuticals – 0.9%** | **Pharmaceuticals – 0.9%** |  |
| Crinetics Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5819 | &nbsp;&nbsp;&nbsp;&nbsp;270874 |
| Elanco Animal Health, Inc. (A) | 36310 | &nbsp;&nbsp;&nbsp;&nbsp;821695 |
|  |  | &nbsp;&nbsp;&nbsp;1092569 |
|  |  | 13486822 |
| **Industrials – 12.8%** |  |  |
| **Aerospace and defense – 1.1%** | **Aerospace and defense – 1.1%** |  |
| Mercury Systems, Inc. (A) | &nbsp;&nbsp;9460 | &nbsp;&nbsp;&nbsp;&nbsp;690675 |
| VSE Corp. | &nbsp;&nbsp;4040 | &nbsp;&nbsp;&nbsp;&nbsp;697991 |
|  |  | &nbsp;&nbsp;&nbsp;1388666 |
| **Building products – 1.0%** | **Building products – 1.0%** |  |
| UFP Industries, Inc. | &nbsp;&nbsp;6427 | &nbsp;&nbsp;&nbsp;&nbsp;585178 |
| Zurn Elkay Water Solutions Corp. | 14597 | &nbsp;&nbsp;&nbsp;&nbsp;678615 |
|  |  | &nbsp;&nbsp;&nbsp;1263793 |
| **Commercial services and supplies – 1.1%** | **Commercial services and supplies – 1.1%** |  |
| Casella Waste Systems, Inc., Class A (A) | &nbsp;&nbsp;6759 | &nbsp;&nbsp;&nbsp;&nbsp;661976 |
| MSA Safety, Inc. | &nbsp;&nbsp;2441 | &nbsp;&nbsp;&nbsp;&nbsp;390902 |
| UniFirst Corp. | &nbsp;&nbsp;1556 | &nbsp;&nbsp;&nbsp;&nbsp;300152 |
|  |  | &nbsp;&nbsp;&nbsp;1353030 |
| **Construction and engineering – 1.5%** | **Construction and engineering – 1.5%** |  |
| Arcosa, Inc. | &nbsp;&nbsp;8946 | &nbsp;&nbsp;&nbsp;&nbsp;951139 |
| Valmont Industries, Inc. | &nbsp;&nbsp;1674 | &nbsp;&nbsp;&nbsp;&nbsp;673484 |
| WillScot Holdings Corp. | 13378 | &nbsp;&nbsp;&nbsp;&nbsp;251908 |
|  |  | &nbsp;&nbsp;&nbsp;1876531 |
| **Electrical equipment – 1.2%** | **Electrical equipment – 1.2%** |  |
| Nextpower, Inc., Class A (A) | 13282 | &nbsp;&nbsp;&nbsp;1156995 |
| Sunrun, Inc. (A) | 22027 | &nbsp;&nbsp;&nbsp;&nbsp;405297 |
|  |  | &nbsp;&nbsp;&nbsp;1562292 |
| **Ground transportation – 0.6%** | **Ground transportation – 0.6%** |  |
| Landstar System, Inc. | &nbsp;&nbsp;2593 | &nbsp;&nbsp;&nbsp;&nbsp;372614 |
| Saia, Inc. (A) | &nbsp;&nbsp;1213 | &nbsp;&nbsp;&nbsp;&nbsp;396069 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;768683 |
| **Machinery – 3.6%** | **Machinery – 3.6%** |  |
| Aebi Schmidt Holding AG | 30707 | &nbsp;&nbsp;&nbsp;&nbsp;388444 |
| Alamo Group, Inc. | &nbsp;&nbsp;1662 | &nbsp;&nbsp;&nbsp;&nbsp;279000 |
| Alliance Laundry Holdings, Inc. (A) | &nbsp;&nbsp;7874 | &nbsp;&nbsp;&nbsp;&nbsp;160236 |
| Crane Company | &nbsp;&nbsp;2671 | &nbsp;&nbsp;&nbsp;&nbsp;492613 |
| Enpro, Inc. | &nbsp;&nbsp;2438 | &nbsp;&nbsp;&nbsp;&nbsp;522049 |
| Esab Corp. | &nbsp;&nbsp;3666 | &nbsp;&nbsp;&nbsp;&nbsp;409566 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;2003 | &nbsp;&nbsp;&nbsp;&nbsp;391366 |
| Flowserve Corp. | &nbsp;&nbsp;3648 | &nbsp;&nbsp;&nbsp;&nbsp;253098 |
| JBT Marel Corp. | &nbsp;&nbsp;4019 | &nbsp;&nbsp;&nbsp;&nbsp;605543 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 114 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Company Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| RBC Bearings, Inc. (A) | &nbsp;&nbsp;2484 | $&nbsp;&nbsp;&nbsp;1113900 |
|  |  | &nbsp;&nbsp;&nbsp;4615815 |
| **Marine transportation – 0.4%** | **Marine transportation – 0.4%** |  |
| Matson, Inc. | &nbsp;&nbsp;4531 | &nbsp;&nbsp;&nbsp;&nbsp;559805 |
| **Passenger airlines – 0.8%** | **Passenger airlines – 0.8%** |  |
| Allegiant Travel Company (A) | 12117 | &nbsp;&nbsp;&nbsp;1033217 |
| **Professional services – 1.0%** | **Professional services – 1.0%** |  |
| FTI Consulting, Inc. (A) | &nbsp;&nbsp;2418 | &nbsp;&nbsp;&nbsp;&nbsp;413067 |
| UL Solutions, Inc., Class A | 11345 | &nbsp;&nbsp;&nbsp;&nbsp;894667 |
|  |  | &nbsp;&nbsp;&nbsp;1307734 |
| **Trading companies and distributors – 0.5%** | **Trading companies and distributors – 0.5%** |  |
| Rush Enterprises, Inc., Class A | 12604 | &nbsp;&nbsp;&nbsp;&nbsp;679860 |
|  |  | 16409426 |
| **Information technology – 9.2%** |  |  |
| **Communications equipment – 1.0%** | **Communications equipment – 1.0%** |  |
| Viavi Solutions, Inc. (A) | 68363 | &nbsp;&nbsp;&nbsp;1218229 |
| **Electronic equipment, instruments and components – 2.2%** | **Electronic equipment, instruments and components – 2.2%** |  |
| Littelfuse, Inc. | &nbsp;&nbsp;3141 | &nbsp;&nbsp;&nbsp;&nbsp;794422 |
| Mirion Technologies, Inc. (A) | 47274 | &nbsp;&nbsp;&nbsp;1107157 |
| Sanmina Corp. (A) | &nbsp;&nbsp;1856 | &nbsp;&nbsp;&nbsp;&nbsp;278530 |
| TTM Technologies, Inc. (A) | &nbsp;&nbsp;6765 | &nbsp;&nbsp;&nbsp;&nbsp;466785 |
| Vishay Intertechnology, Inc. | 12350 | &nbsp;&nbsp;&nbsp;&nbsp;178952 |
|  |  | &nbsp;&nbsp;&nbsp;2825846 |
| **IT services – 0.8%** | **IT services – 0.8%** |  |
| Applied Digital Corp. (A) | 25032 | &nbsp;&nbsp;&nbsp;&nbsp;613785 |
| Endava PLC, ADR (A) | 39601 | &nbsp;&nbsp;&nbsp;&nbsp;250278 |
| Globant SA (A) | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;202647 |
|  |  | &nbsp;&nbsp;&nbsp;1066710 |
| **Semiconductors and semiconductor equipment – 2.1%** | **Semiconductors and semiconductor equipment – 2.1%** |  |
| Entegris, Inc. | &nbsp;&nbsp;4686 | &nbsp;&nbsp;&nbsp;&nbsp;394796 |
| FormFactor, Inc. (A) | &nbsp;&nbsp;3311 | &nbsp;&nbsp;&nbsp;&nbsp;184688 |
| Lattice Semiconductor Corp. (A) | 10280 | &nbsp;&nbsp;&nbsp;&nbsp;756402 |
| MACOM Technology Solutions Holdings, Inc. (A) | &nbsp;&nbsp;6412 | &nbsp;&nbsp;&nbsp;1098247 |
| Semtech Corp. (A) | &nbsp;&nbsp;3868 | &nbsp;&nbsp;&nbsp;&nbsp;285033 |
|  |  | &nbsp;&nbsp;&nbsp;2719166 |
| **Software – 3.1%** | **Software – 3.1%** |  |
| Hut 8 Corp. (A) | 25457 | &nbsp;&nbsp;&nbsp;1169495 |
| i3 Verticals, Inc., Class A (A) | 12719 | &nbsp;&nbsp;&nbsp;&nbsp;320392 |
| Intapp, Inc. (A) | &nbsp;&nbsp;5842 | &nbsp;&nbsp;&nbsp;&nbsp;267680 |
| JFrog, Ltd. (A) | 11236 | &nbsp;&nbsp;&nbsp;&nbsp;701801 |
| NCino, Inc. (A) | 23665 | &nbsp;&nbsp;&nbsp;&nbsp;606771 |
| PAR Technology Corp. (A) | 11259 | &nbsp;&nbsp;&nbsp;&nbsp;408477 |
| Workiva, Inc. (A) | &nbsp;&nbsp;5838 | &nbsp;&nbsp;&nbsp;&nbsp;503528 |
|  |  | &nbsp;&nbsp;&nbsp;3978144 |
|  |  | 11808095 |
| **Materials – 4.7%** |  |  |
| **Chemicals – 1.5%** | **Chemicals – 1.5%** |  |
| Cabot Corp. | &nbsp;&nbsp;5367 | &nbsp;&nbsp;&nbsp;&nbsp;355725 |
| Element Solutions, Inc. | 33553 | &nbsp;&nbsp;&nbsp;&nbsp;838489 |
| HB Fuller Company | &nbsp;&nbsp;6396 | &nbsp;&nbsp;&nbsp;&nbsp;380306 |
| Quaker Chemical Corp. | &nbsp;&nbsp;3063 | &nbsp;&nbsp;&nbsp;&nbsp;420581 |
|  |  | &nbsp;&nbsp;&nbsp;1995101 |
| **Metals and mining – 3.0%** | **Metals and mining – 3.0%** |  |
| Commercial Metals Company | &nbsp;&nbsp;4135 | &nbsp;&nbsp;&nbsp;&nbsp;286225 |
| Constellium SE (A) | 38628 | &nbsp;&nbsp;&nbsp;&nbsp;728138 |
| IAMGOLD Corp. (New York Stock Exchange) (A) | 32167 | &nbsp;&nbsp;&nbsp;&nbsp;530434 |
| OR Royalties, Inc. (B) | 11306 | &nbsp;&nbsp;&nbsp;&nbsp;400119 |
| Reliance, Inc. | &nbsp;&nbsp;3280 | &nbsp;&nbsp;&nbsp;&nbsp;947494 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** |  |
| Warrior Met Coal, Inc. | 10376 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;914852 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3807262 |
| **Paper and forest products – 0.2%** | **Paper and forest products – 0.2%** |  |
| West Fraser Timber Company, Ltd. | &nbsp;&nbsp;3620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221218 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6023581 |
| **Real estate – 8.9%** |  |  |
| **Health care REITs – 1.2%** | **Health care REITs – 1.2%** |  |
| CareTrust REIT, Inc. | 40904 | &nbsp;&nbsp;&nbsp;&nbsp;1479089 |
| **Hotel and resort REITs – 0.9%** | **Hotel and resort REITs – 0.9%** |  |
| Pebblebrook Hotel Trust | 56140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635505 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;5890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557312 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1192817 |
| **Industrial REITs – 1.2%** | **Industrial REITs – 1.2%** |  |
| EastGroup Properties, Inc. | &nbsp;&nbsp;3252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579311 |
| Terreno Realty Corp. | 15275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896795 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1476106 |
| **Office REITs – 1.4%** | **Office REITs – 1.4%** |  |
| Highwoods Properties, Inc. | 26460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683197 |
| Hudson Pacific Properties, Inc. (A) | 16267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176172 |
| Kilroy Realty Corp. | 23581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881222 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1740591 |
| **Residential REITs – 1.0%** | **Residential REITs – 1.0%** |  |
| Independence Realty Trust, Inc. | 74138 | &nbsp;&nbsp;&nbsp;&nbsp;1295932 |
| **Retail REITs – 2.1%** | **Retail REITs – 2.1%** |  |
| Curbline Properties Corp. | 72903 | &nbsp;&nbsp;&nbsp;&nbsp;1692079 |
| The Macerich Company | 56179 | &nbsp;&nbsp;&nbsp;&nbsp;1037064 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2729143 |
| **Specialized REITs – 1.1%** | **Specialized REITs – 1.1%** |  |
| CubeSmart | 17329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624710 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;8104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322377 |
| Safehold, Inc. | 32060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438901 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1385988 |
|  |  | &nbsp;&nbsp;&nbsp;11299666 |
| **Utilities – 5.4%** |  |  |
| **Electric utilities – 1.9%** | **Electric utilities – 1.9%** |  |
| Hawaiian Electric Industries, Inc. (A) | 49843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613069 |
| IDACORP, Inc. | &nbsp;&nbsp;7427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939961 |
| OGE Energy Corp. | 17154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732476 |
| Oklo, Inc. (A) | &nbsp;&nbsp;1511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108429 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2393935 |
| **Gas utilities – 2.7%** | **Gas utilities – 2.7%** |  |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;8530 | &nbsp;&nbsp;&nbsp;&nbsp;1064203 |
| MDU Resources Group, Inc. | 29099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568012 |
| ONE Gas, Inc. | 14303 | &nbsp;&nbsp;&nbsp;&nbsp;1104907 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;9219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737704 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3474826 |
| **Water utilities – 0.8%** | **Water utilities – 0.8%** |  |
| California Water Service Group | 24310 | &nbsp;&nbsp;&nbsp;&nbsp;1053352 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6922113 |
| TOTAL COMMON STOCKS (Cost $102,059,260) | TOTAL COMMON STOCKS (Cost $102,059,260) | $125968452 |
| **SHORT-TERM INVESTMENTS – 1.7%** | **SHORT-TERM INVESTMENTS – 1.7%** |  |
| **Short-term funds – 1.7%** |  |  |
| John Hancock Collateral Trust, 3.7477% (C)(D) | 64848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648753 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 115 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Small Company Value Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS (continued)** | **SHORT-TERM INVESTMENTS (continued)** |  |
| **Short-term funds (continued)** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (C) | &nbsp;&nbsp;375132 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375132 |
| T. Rowe Price Government Reserve Fund, 3.7374% (C) | 1110165 | &nbsp;&nbsp;&nbsp;&nbsp;1110165 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,134,050) | TOTAL SHORT-TERM INVESTMENTS (Cost $2,134,050) | $&nbsp;&nbsp;&nbsp;&nbsp;2134050 |
| **Total Investments (Small Company Value Trust)<br> (Cost $104,193,310) – 100.2%** | **Total Investments (Small Company Value Trust)<br> (Cost $104,193,310) – 100.2%** | $**128102502** |
| **Other assets and liabilities, net – (0.2%)** | **Other assets and liabilities, net – (0.2%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(226370)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**127876132** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 12-31-25. |
| (C) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (D) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |

---

#### Strategic Equity Allocation Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 96.0%** | **COMMON STOCKS – 96.0%** |  |
| **Communication services – 7.2%** |  |  |
| **Diversified telecommunication services – 0.9%** | **Diversified telecommunication services – 0.9%** |  |
| Anterix, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1147 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25039 |
| AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10728495 |
| ATN International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23279 |
| Bandwidth, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41746 |
| BT Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1710495 |
| Cellnex Telecom SA (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1838457 |
| Cogent Communications Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103639 |
| Deutsche Telekom AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13824920 |
| Elisa OYJ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727709 |
| Frontier Communications Parent, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1405621 |
| Globalstar, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298302 |
| HKT Trust & HKT, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647857 |
| IDT Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81014 |
| Infrastrutture Wireless Italiane SpA (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298679 |
| Koninklijke KPN NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2097900 |
| Liberty Latin America, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22185 |
| Liberty Latin America, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92414 |
| Lumen Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721895 |
| NTT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3449700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3482439 |
| Orange SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3587008 |
| Shenandoah Telecommunications Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57950 |
| Singapore Telecommunications, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3035429 |
| Swisscom AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2171808 |
| Telecom Italia SpA (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797378 |
| Telefonica SA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1746594 |
| Telenor ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033920 |
| Telia Company AB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164113 |
| Telstra Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1488059 |
| Uniti Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114712 |
| Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10462437 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63831493 |
| **Entertainment – 1.1%** | **Entertainment – 1.1%** |  |
| AMC Entertainment Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79323 |
| Atlanta Braves Holdings, Inc., Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48354 |

---

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Entertainment (continued)** | **Entertainment (continued)** |  |
| Atlanta Braves Holdings, Inc., Series C (A) | &nbsp;&nbsp;&nbsp;4067 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160443 |
| Bollore SE | &nbsp;&nbsp;81075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455645 |
| Capcom Company, Ltd. | &nbsp;&nbsp;39997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929091 |
| Cinemark Holdings, Inc. | &nbsp;&nbsp;10115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235073 |
| CTS Eventim AG & Company KGaA | &nbsp;&nbsp;&nbsp;7204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659471 |
| CuriosityStream, Inc. | &nbsp;&nbsp;&nbsp;4112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15626 |
| Electronic Arts, Inc. | &nbsp;&nbsp;13675 | &nbsp;&nbsp;&nbsp;&nbsp;2794213 |
| Eventbrite, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;7749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34483 |
| IMAX Corp. (A) | &nbsp;&nbsp;&nbsp;4245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156895 |
| Konami Group Corp. | &nbsp;&nbsp;11597 | &nbsp;&nbsp;&nbsp;&nbsp;1574956 |
| Lionsgate Studios Corp. (A) | &nbsp;&nbsp;20119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183686 |
| Live Nation Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;9620 | &nbsp;&nbsp;&nbsp;&nbsp;1370850 |
| Madison Square Garden Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;3867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208393 |
| Netflix, Inc. (A) | 258147 | &nbsp;&nbsp;&nbsp;24203863 |
| Nexon Company, Ltd. | &nbsp;&nbsp;42830 | &nbsp;&nbsp;&nbsp;&nbsp;1046187 |
| Nintendo Company, Ltd. | 127440 | &nbsp;&nbsp;&nbsp;&nbsp;8604050 |
| Playtika Holding Corp. | &nbsp;&nbsp;&nbsp;5794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22886 |
| Reservoir Media, Inc. (A) | &nbsp;&nbsp;&nbsp;2331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17646 |
| Sphere Entertainment Company (A) | &nbsp;&nbsp;&nbsp;2701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256811 |
| Spotify Technology SA (A) | &nbsp;&nbsp;18052 | &nbsp;&nbsp;&nbsp;10482977 |
| Starz Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;1298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15187 |
| Take-Two Interactive Software, Inc. (A) | &nbsp;&nbsp;10582 | &nbsp;&nbsp;&nbsp;&nbsp;2709309 |
| The Marcus Corp. | &nbsp;&nbsp;&nbsp;2312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35859 |
| The Walt Disney Company | 108764 | &nbsp;&nbsp;&nbsp;12374080 |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;4039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844151 |
| Toho Company, Ltd. | &nbsp;&nbsp;12191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621482 |
| Universal Music Group NV | 127050 | &nbsp;&nbsp;&nbsp;&nbsp;3312172 |
| Warner Brothers Discovery, Inc. (A) | 150964 | &nbsp;&nbsp;&nbsp;&nbsp;4350782 |
| Warner Music Group Corp., Class A | &nbsp;&nbsp;21517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659926 |
|  |  | &nbsp;&nbsp;&nbsp;78463870 |
| **Interactive media and services – 4.3%** | **Interactive media and services – 4.3%** |  |
| Alphabet, Inc., Class A | 354445 | 110941285 |
| Alphabet, Inc., Class C | 283289 | &nbsp;&nbsp;&nbsp;88896088 |
| Angi, Inc. (A) | &nbsp;&nbsp;&nbsp;3623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46845 |
| Auto Trader Group PLC (B) | &nbsp;&nbsp;99883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788013 |
| Bumble, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;7370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26311 |
| CarGurus, Inc. (A) | &nbsp;&nbsp;&nbsp;8032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308027 |
| Cars.com, Inc. (A) | &nbsp;&nbsp;&nbsp;5357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65355 |
| carsales.com, Ltd. | &nbsp;&nbsp;43689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894806 |
| EverQuote, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77085 |
| FuboTV, Inc., Class A (A) | &nbsp;&nbsp;32505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81913 |
| Getty Images Holdings, Inc. (A)(C) | &nbsp;&nbsp;12196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16343 |
| Grindr, Inc. (A) | &nbsp;&nbsp;&nbsp;3214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43518 |
| LY Corp. | 317813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845684 |
| Match Group, Inc. | &nbsp;&nbsp;14382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464395 |
| MediaAlpha, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43745 |
| Meta Platforms, Inc., Class A | 132682 | &nbsp;&nbsp;&nbsp;87582061 |
| Nextdoor Holdings, Inc. (A) | &nbsp;&nbsp;22446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47137 |
| Pinterest, Inc., Class A (A) | &nbsp;&nbsp;87881 | &nbsp;&nbsp;&nbsp;&nbsp;2275239 |
| QuinStreet, Inc. (A) | &nbsp;&nbsp;&nbsp;5508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79150 |
| REA Group, Ltd. | &nbsp;&nbsp;&nbsp;6101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743742 |
| Rumble, Inc. (A)(C) | &nbsp;&nbsp;10421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65861 |
| Scout24 SE (B) | &nbsp;&nbsp;&nbsp;8659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869709 |
| Shutterstock, Inc. | &nbsp;&nbsp;&nbsp;2458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46948 |
| TripAdvisor, Inc. (A) | &nbsp;&nbsp;11152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162373 |
| TrueCar, Inc. (A) | &nbsp;&nbsp;&nbsp;8739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19750 |
| Webtoon Entertainment, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;1872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24392 |
| Yelp, Inc. (A) | &nbsp;&nbsp;&nbsp;5929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180182 |
| Ziff Davis, Inc. (A) | &nbsp;&nbsp;&nbsp;3976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139756 |
| ZipRecruiter, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25596 |
| ZoomInfo Technologies, Inc. (A) | &nbsp;&nbsp;40442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411295 |
|  |  | 296212604 |
| **Media – 0.4%** | **Media – 0.4%** |  |
| AMC Networks, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28217 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 116 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Media (continued)** | **Media (continued)** |  |
| Boston Omaha Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;2332 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28847 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56312 |
| Charter Communications, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;5361 | &nbsp;&nbsp;&nbsp;&nbsp;1119109 |
| Comcast Corp., Class A | &nbsp;&nbsp;221419 | &nbsp;&nbsp;&nbsp;&nbsp;6618214 |
| EchoStar Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;33060 | &nbsp;&nbsp;&nbsp;&nbsp;3593622 |
| Entravision Communications Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19760 |
| Fox Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;12694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927551 |
| Fox Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;9042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587097 |
| Gambling.com Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11963 |
| Gray Media, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41440 |
| Ibotta, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;1398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31777 |
| iHeartMedia, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;11968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49787 |
| Informa PLC | &nbsp;&nbsp;149424 | &nbsp;&nbsp;&nbsp;&nbsp;1772950 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121601 |
| Magnite, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;13651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221556 |
| National CineMedia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27214 |
| News Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;22815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595928 |
| News Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;7520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222818 |
| Newsmax, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36462 |
| Nexstar Media Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853622 |
| Nexxen International, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22537 |
| Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19433 | &nbsp;&nbsp;&nbsp;&nbsp;1569215 |
| Optimum Communications, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;26192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43217 |
| Paramount Skydance Corp., Class B (C) | &nbsp;&nbsp;&nbsp;&nbsp;18933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253702 |
| Publicis Groupe SA | &nbsp;&nbsp;&nbsp;&nbsp;26423 | &nbsp;&nbsp;&nbsp;&nbsp;2743966 |
| PubMatic, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;3875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34371 |
| Scholastic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57927 |
| Sinclair, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57406 |
| Stagwell, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54944 |
| TechTarget, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17356 |
| TEGNA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300661 |
| The EW Scripps Company, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;6271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25021 |
| The New York Times Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;23830 | &nbsp;&nbsp;&nbsp;&nbsp;1654279 |
| The Trade Desk, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;26825 | &nbsp;&nbsp;&nbsp;&nbsp;1018277 |
| Thryv Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23347 |
| USA TODAY Company, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;13724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70679 |
|  |  | &nbsp;&nbsp;&nbsp;24912752 |
| **Wireless telecommunication services – 0.5%** | **Wireless telecommunication services – 0.5%** |  |
| Gogo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36488 |
| KDDI Corp. | &nbsp;&nbsp;338432 | &nbsp;&nbsp;&nbsp;&nbsp;5857480 |
| SoftBank Corp. | 3315808 | &nbsp;&nbsp;&nbsp;&nbsp;4552465 |
| SoftBank Group Corp. | &nbsp;&nbsp;441236 | &nbsp;&nbsp;&nbsp;12378132 |
| Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31049 |
| Tele2 AB, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;63204 | &nbsp;&nbsp;&nbsp;&nbsp;1059083 |
| Telephone & Data Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396962 |
| T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29301 | &nbsp;&nbsp;&nbsp;&nbsp;5949275 |
| Vodafone Group PLC | 2210966 | &nbsp;&nbsp;&nbsp;&nbsp;2947236 |
|  |  | &nbsp;&nbsp;&nbsp;33208170 |
|  |  | 496628889 |
| **Consumer discretionary – 9.7%** |  |  |
| **Automobile components – 0.3%** | **Automobile components – 0.3%** |  |
| Adient PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;7982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153015 |
| Aisin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;56957 | &nbsp;&nbsp;&nbsp;&nbsp;1067160 |
| American Axle & Manufacturing Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71286 |
| Aptiv PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;13164 | &nbsp;&nbsp;&nbsp;&nbsp;1001649 |
| Autoliv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10308 | &nbsp;&nbsp;&nbsp;&nbsp;1223560 |
| BorgWarner, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31552 | &nbsp;&nbsp;&nbsp;&nbsp;1421733 |
| Bridgestone Corp. (C) | &nbsp;&nbsp;131832 | &nbsp;&nbsp;&nbsp;&nbsp;2966124 |
| Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;&nbsp;&nbsp;77403 | &nbsp;&nbsp;&nbsp;&nbsp;2565614 |
| Continental AG | &nbsp;&nbsp;&nbsp;&nbsp;12699 | &nbsp;&nbsp;&nbsp;&nbsp;1007830 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobile components (continued)** | **Automobile components (continued)** |  |
| Cooper-Standard Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1626 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53382 |
| Dana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272028 |
| Denso Corp. | &nbsp;&nbsp;201638 | &nbsp;&nbsp;&nbsp;&nbsp;2785046 |
| Dorman Products, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331751 |
| Fox Factory Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70664 |
| Garrett Motion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269520 |
| Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751435 |
| Gentherm, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110128 |
| Holley, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31892 |
| LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;2294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278354 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876690 |
| Motorcar Parts of America, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16930 |
| Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343073 |
| PHINIA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231451 |
| Solid Power, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;14729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62598 |
| Standard Motor Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75285 |
| Strattec Security Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30532 |
| Sumitomo Electric Industries, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;82492 | &nbsp;&nbsp;&nbsp;&nbsp;3322551 |
| The Goodyear Tire & Rubber Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;69090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605228 |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636029 |
| XPEL, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124076 |
|  |  | &nbsp;&nbsp;&nbsp;22756614 |
| **Automobiles – 2.0%** | **Automobiles – 2.0%** |  |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp;32391 | &nbsp;&nbsp;&nbsp;&nbsp;3512329 |
| Faraday Future Intelligent Electric, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;14118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14400 |
| Ferrari NV | &nbsp;&nbsp;&nbsp;&nbsp;14552 | &nbsp;&nbsp;&nbsp;&nbsp;5407728 |
| Ford Motor Company | &nbsp;&nbsp;238428 | &nbsp;&nbsp;&nbsp;&nbsp;3128175 |
| General Motors Company | &nbsp;&nbsp;&nbsp;&nbsp;56832 | &nbsp;&nbsp;&nbsp;&nbsp;4621578 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357038 |
| Honda Motor Company, Ltd. (C) | &nbsp;&nbsp;426691 | &nbsp;&nbsp;&nbsp;&nbsp;4187832 |
| Isuzu Motors, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;61781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964223 |
| Livewire Group, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;3716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16425 |
| Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;&nbsp;83373 | &nbsp;&nbsp;&nbsp;&nbsp;5779590 |
| Nissan Motor Company, Ltd. (A) | &nbsp;&nbsp;257260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639272 |
| Renault SA | &nbsp;&nbsp;&nbsp;&nbsp;22191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918536 |
| Stellantis NV | &nbsp;&nbsp;232780 | &nbsp;&nbsp;&nbsp;&nbsp;2549103 |
| Subaru Corp. | &nbsp;&nbsp;&nbsp;&nbsp;67703 | &nbsp;&nbsp;&nbsp;&nbsp;1457728 |
| Suzuki Motor Corp. | &nbsp;&nbsp;181443 | &nbsp;&nbsp;&nbsp;&nbsp;2713564 |
| Tesla, Inc. (A) | &nbsp;&nbsp;171188 | &nbsp;&nbsp;&nbsp;76986667 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797027 |
| Toyota Motor Corp. | 1094087 | &nbsp;&nbsp;&nbsp;23497808 |
| Winnebago Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107662 |
| Yamaha Motor Company, Ltd. (C) | &nbsp;&nbsp;105788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784555 |
|  |  | 138441240 |
| **Broadline retail – 2.4%** | **Broadline retail – 2.4%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;592657 | 136797089 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27537 | &nbsp;&nbsp;&nbsp;&nbsp;2398473 |
| Groupon, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43884 |
| Kohl's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216571 |
| Macy's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873224 |
| Next PLC | &nbsp;&nbsp;&nbsp;&nbsp;13428 | &nbsp;&nbsp;&nbsp;&nbsp;2472097 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;9043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991203 |
| Pan Pacific International Holdings Corp. | &nbsp;&nbsp;220081 | &nbsp;&nbsp;&nbsp;&nbsp;1311000 |
| Prosus NV (A) | &nbsp;&nbsp;151053 | &nbsp;&nbsp;&nbsp;&nbsp;9353044 |
| Rakuten Group, Inc. (A) | &nbsp;&nbsp;175066 | &nbsp;&nbsp;&nbsp;&nbsp;1121817 |
| Ryohin Keikaku Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;58347 | &nbsp;&nbsp;&nbsp;&nbsp;1030260 |
| Savers Value Village, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36249 |
| Sea, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;&nbsp;44163 | &nbsp;&nbsp;&nbsp;&nbsp;5633874 |
| Wesfarmers, Ltd. | &nbsp;&nbsp;131007 | &nbsp;&nbsp;&nbsp;&nbsp;7057744 |
|  |  | 169336529 |
| **Distributors – 0.0%** | **Distributors – 0.0%** |  |
| D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;2479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446520 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 117 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Distributors (continued)** | **Distributors (continued)** |  |
| Genuine Parts Company | &nbsp;&nbsp;&nbsp;8475 | $&nbsp;&nbsp;&nbsp;1042086 |
| GigaCloud Technology, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93801 |
| Gold.com, Inc. | &nbsp;&nbsp;&nbsp;1836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62516 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;1997 | &nbsp;&nbsp;&nbsp;&nbsp;456814 |
| Weyco Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21046 |
|  |  | &nbsp;&nbsp;&nbsp;2122783 |
| **Diversified consumer services – 0.1%** | **Diversified consumer services – 0.1%** |  |
| Adtalem Global Education, Inc. (A) | &nbsp;&nbsp;&nbsp;3498 | &nbsp;&nbsp;&nbsp;&nbsp;361938 |
| American Public Education, Inc. (A) | &nbsp;&nbsp;&nbsp;1674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63277 |
| Carriage Services, Inc. | &nbsp;&nbsp;&nbsp;1359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57486 |
| Coursera, Inc. (A) | &nbsp;&nbsp;13965 | &nbsp;&nbsp;&nbsp;&nbsp;102782 |
| Driven Brands Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;5932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87912 |
| Duolingo, Inc. (A) | &nbsp;&nbsp;&nbsp;5902 | &nbsp;&nbsp;&nbsp;1035801 |
| European Wax Center, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10984 |
| frontdoor, Inc. (A) | &nbsp;&nbsp;&nbsp;7140 | &nbsp;&nbsp;&nbsp;&nbsp;411907 |
| Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp;&nbsp;811 | &nbsp;&nbsp;&nbsp;&nbsp;890965 |
| Grand Canyon Education, Inc. (A) | &nbsp;&nbsp;&nbsp;4075 | &nbsp;&nbsp;&nbsp;&nbsp;677713 |
| H&R Block, Inc. | &nbsp;&nbsp;18647 | &nbsp;&nbsp;&nbsp;&nbsp;812636 |
| KinderCare Learning Cos, Inc. (A) | &nbsp;&nbsp;&nbsp;3329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14381 |
| Laureate Education, Inc. (A) | &nbsp;&nbsp;12335 | &nbsp;&nbsp;&nbsp;&nbsp;415319 |
| Lincoln Educational Services Corp. (A) | &nbsp;&nbsp;&nbsp;2891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69818 |
| Matthews International Corp., Class A | &nbsp;&nbsp;&nbsp;2956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77211 |
| McGraw Hill, Inc. (A) | &nbsp;&nbsp;&nbsp;2884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47586 |
| Mister Car Wash, Inc. (A) | &nbsp;&nbsp;10090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56100 |
| OneSpaWorld Holdings, Ltd. | &nbsp;&nbsp;&nbsp;9789 | &nbsp;&nbsp;&nbsp;&nbsp;203024 |
| Pearson PLC | &nbsp;&nbsp;66553 | &nbsp;&nbsp;&nbsp;&nbsp;940995 |
| Perdoceo Education Corp. | &nbsp;&nbsp;&nbsp;6352 | &nbsp;&nbsp;&nbsp;&nbsp;186304 |
| Phoenix Education Partners, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16423 |
| Service Corp. International | &nbsp;&nbsp;20675 | &nbsp;&nbsp;&nbsp;1612030 |
| Strategic Education, Inc. | &nbsp;&nbsp;&nbsp;2262 | &nbsp;&nbsp;&nbsp;&nbsp;181412 |
| Stride, Inc. (A) | &nbsp;&nbsp;&nbsp;4173 | &nbsp;&nbsp;&nbsp;&nbsp;270953 |
| Udemy, Inc. (A) | &nbsp;&nbsp;&nbsp;9391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54937 |
| Universal Technical Institute, Inc. (A) | &nbsp;&nbsp;&nbsp;4554 | &nbsp;&nbsp;&nbsp;&nbsp;118996 |
|  |  | &nbsp;&nbsp;&nbsp;8778890 |
| **Hotels, restaurants and leisure – 1.6%** | **Hotels, restaurants and leisure – 1.6%** |  |
| Accel Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;5310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60587 |
| Accor SA | &nbsp;&nbsp;22624 | &nbsp;&nbsp;&nbsp;1275460 |
| Airbnb, Inc., Class A (A) | &nbsp;&nbsp;25910 | &nbsp;&nbsp;&nbsp;3516505 |
| Amadeus IT Group SA | &nbsp;&nbsp;52009 | &nbsp;&nbsp;&nbsp;3849238 |
| Aramark | &nbsp;&nbsp;38768 | &nbsp;&nbsp;&nbsp;1428988 |
| Aristocrat Leisure, Ltd. | &nbsp;&nbsp;64095 | &nbsp;&nbsp;&nbsp;2481398 |
| Bally's Corp. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16322 |
| Biglari Holdings, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22938 |
| BJ's Restaurants, Inc. (A) | &nbsp;&nbsp;&nbsp;1944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76594 |
| Black Rock Coffee Bar, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36201 |
| Bloomin' Brands, Inc. | &nbsp;&nbsp;&nbsp;8092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49928 |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;1964 | 10517868 |
| Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;8527 | &nbsp;&nbsp;&nbsp;&nbsp;726841 |
| Brightstar Lottery PLC | &nbsp;&nbsp;10087 | &nbsp;&nbsp;&nbsp;&nbsp;156147 |
| Brinker International, Inc. (A) | &nbsp;&nbsp;&nbsp;4307 | &nbsp;&nbsp;&nbsp;&nbsp;618141 |
| Carnival Corp. (A) | &nbsp;&nbsp;66151 | &nbsp;&nbsp;&nbsp;2020252 |
| Cava Group, Inc. (A) | &nbsp;&nbsp;14712 | &nbsp;&nbsp;&nbsp;&nbsp;863447 |
| Chipotle Mexican Grill, Inc. (A) | &nbsp;&nbsp;80556 | &nbsp;&nbsp;&nbsp;2980572 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;&nbsp;3048 | &nbsp;&nbsp;&nbsp;&nbsp;290352 |
| Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp;9770 | &nbsp;&nbsp;&nbsp;1111631 |
| Compass Group PLC | 195962 | &nbsp;&nbsp;&nbsp;6209068 |
| Cracker Barrel Old Country Store, Inc. (C) | &nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53950 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;&nbsp;7086 | &nbsp;&nbsp;&nbsp;1303966 |
| Dave & Buster's Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;2681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43459 |
| Delivery Hero SE (A)(B) | &nbsp;&nbsp;22379 | &nbsp;&nbsp;&nbsp;&nbsp;589909 |
| Denny's Corp. (A) | &nbsp;&nbsp;&nbsp;5061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31479 |
| Dine Brands Global, Inc. | &nbsp;&nbsp;&nbsp;1434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46089 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;1894 | &nbsp;&nbsp;&nbsp;&nbsp;789457 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;22774 | &nbsp;&nbsp;&nbsp;5157856 |
| El Pollo Loco Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29121 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Entain PLC | &nbsp;&nbsp;70148 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721069 |
| Evolution AB (B) | &nbsp;&nbsp;15343 | &nbsp;&nbsp;&nbsp;&nbsp;1041813 |
| Expedia Group, Inc. | &nbsp;&nbsp;&nbsp;7128 | &nbsp;&nbsp;&nbsp;&nbsp;2019434 |
| FDJ UNITED | &nbsp;&nbsp;12833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355227 |
| First Watch Restaurant Group, Inc. (A) | &nbsp;&nbsp;&nbsp;5405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81507 |
| Galaxy Entertainment Group, Ltd. | 227279 | &nbsp;&nbsp;&nbsp;&nbsp;1120671 |
| Genius Sports, Ltd. (A) | &nbsp;&nbsp;21314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234880 |
| Global Business Travel Group I (A) | &nbsp;&nbsp;12955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99106 |
| Golden Entertainment, Inc. | &nbsp;&nbsp;&nbsp;1855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50437 |
| Hilton Grand Vacations, Inc. (A) | &nbsp;&nbsp;14729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659123 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;14161 | &nbsp;&nbsp;&nbsp;&nbsp;4067747 |
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp;&nbsp;6168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988854 |
| Inspired Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;2692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25197 |
| InterContinental Hotels Group PLC | &nbsp;&nbsp;16714 | &nbsp;&nbsp;&nbsp;&nbsp;2348798 |
| Jack in the Box, Inc. | &nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33163 |
| Krispy Kreme, Inc. | &nbsp;&nbsp;&nbsp;7711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30998 |
| Kura Sushi USA, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32654 |
| Las Vegas Sands Corp. | &nbsp;&nbsp;18536 | &nbsp;&nbsp;&nbsp;&nbsp;1206508 |
| Life Time Group Holdings, Inc. (A) | &nbsp;&nbsp;14668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389875 |
| Lindblad Expeditions Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53325 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;13569 | &nbsp;&nbsp;&nbsp;&nbsp;4209647 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;2701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155821 |
| McDonald's Corp. | &nbsp;&nbsp;43386 | &nbsp;&nbsp;&nbsp;13260063 |
| MGM Resorts International (A) | &nbsp;&nbsp;12497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456016 |
| Monarch Casino & Resort, Inc. | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117711 |
| Nathan's Famous, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26574 |
| Navan, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63452 |
| Norwegian Cruise Line Holdings, Ltd. (A) | &nbsp;&nbsp;27736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619068 |
| Oriental Land Company, Ltd. | 124714 | &nbsp;&nbsp;&nbsp;&nbsp;2307206 |
| Papa John's International, Inc. | &nbsp;&nbsp;&nbsp;3186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122629 |
| Planet Fitness, Inc., Class A (A) | &nbsp;&nbsp;12239 | &nbsp;&nbsp;&nbsp;&nbsp;1327564 |
| Portillo's, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 |
| Pursuit Attractions and Hospitality, Inc. (A) | &nbsp;&nbsp;&nbsp;2078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69987 |
| RCI Hospitality Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21194 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;&nbsp;4738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293519 |
| Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp;15451 | &nbsp;&nbsp;&nbsp;&nbsp;4309593 |
| Rush Street Interactive, Inc. (A) | &nbsp;&nbsp;&nbsp;8911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173141 |
| Sabre Corp. (A) | &nbsp;&nbsp;36670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49871 |
| Sands China, Ltd. | 280304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707045 |
| Serve Robotics, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;6105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63370 |
| Shake Shack, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307066 |
| Six Flags Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;9429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144641 |
| Sodexo SA | &nbsp;&nbsp;10214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523325 |
| Starbucks Corp. | &nbsp;&nbsp;69262 | &nbsp;&nbsp;&nbsp;&nbsp;5832553 |
| Super Group SGHC, Ltd. | &nbsp;&nbsp;15545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185763 |
| Sweetgreen, Inc., Class A (A) | &nbsp;&nbsp;10015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67701 |
| Target Hospitality Corp. (A) | &nbsp;&nbsp;&nbsp;3314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26545 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;9756 | &nbsp;&nbsp;&nbsp;&nbsp;1619496 |
| The Cheesecake Factory, Inc. (C) | &nbsp;&nbsp;&nbsp;4464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225343 |
| The Lottery Corp., Ltd. | 256959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882902 |
| Travel + Leisure Company | &nbsp;&nbsp;&nbsp;9487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669118 |
| United Parks & Resorts, Inc. (A) | &nbsp;&nbsp;&nbsp;2640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95832 |
| Vail Resorts, Inc. | &nbsp;&nbsp;&nbsp;5303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704238 |
| Whitbread PLC | &nbsp;&nbsp;19971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684510 |
| Wingstop, Inc. | &nbsp;&nbsp;&nbsp;4098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977332 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;11143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841965 |
| Wynn Resorts, Ltd. | &nbsp;&nbsp;&nbsp;5143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618857 |
| Xponential Fitness, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23003 |
| Yum! Brands, Inc. | &nbsp;&nbsp;16915 | &nbsp;&nbsp;&nbsp;&nbsp;2558901 |
| Zensho Holdings Company, Ltd. | &nbsp;&nbsp;11133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637959 |
|  |  | 107924671 |
| **Household durables – 0.7%** | **Household durables – 0.7%** |  |
| Barratt Redrow PLC | 156974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806405 |
| Beazer Homes USA, Inc. (A) | &nbsp;&nbsp;&nbsp;2748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55702 |
| Cavco Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447781 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 118 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Household durables (continued)** | **Household durables (continued)** |  |
| Century Communities, Inc. | &nbsp;&nbsp;&nbsp;2565 | $&nbsp;&nbsp;&nbsp;&nbsp;152233 |
| Champion Homes, Inc. (A) | &nbsp;&nbsp;&nbsp;5518 | &nbsp;&nbsp;&nbsp;&nbsp;466271 |
| Cricut, Inc., Class A | &nbsp;&nbsp;&nbsp;5050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24998 |
| D.R. Horton, Inc. | &nbsp;&nbsp;16684 | &nbsp;&nbsp;&nbsp;2402997 |
| Dream Finders Homes, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51437 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp;2377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54291 |
| Flexsteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15796 |
| Garmin, Ltd. | &nbsp;&nbsp;&nbsp;9960 | &nbsp;&nbsp;&nbsp;2020386 |
| Green Brick Partners, Inc. (A) | &nbsp;&nbsp;&nbsp;3097 | &nbsp;&nbsp;&nbsp;&nbsp;194058 |
| Hamilton Beach Brands Holding Company, Class B | &nbsp;&nbsp;&nbsp;&nbsp;853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14032 |
| Helen of Troy, Ltd. (A) | &nbsp;&nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49406 |
| Hovnanian Enterprises, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47307 |
| Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;2258 | &nbsp;&nbsp;&nbsp;&nbsp;585703 |
| KB Home | &nbsp;&nbsp;15656 | &nbsp;&nbsp;&nbsp;&nbsp;883155 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;&nbsp;4108 | &nbsp;&nbsp;&nbsp;&nbsp;153105 |
| Legacy Housing Corp. (A) | &nbsp;&nbsp;&nbsp;1017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19852 |
| Leggett & Platt, Inc. | &nbsp;&nbsp;13123 | &nbsp;&nbsp;&nbsp;&nbsp;144353 |
| Lennar Corp., Class A | &nbsp;&nbsp;13145 | &nbsp;&nbsp;&nbsp;1351306 |
| LGI Homes, Inc. (A) | &nbsp;&nbsp;&nbsp;2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87724 |
| M/I Homes, Inc. (A) | &nbsp;&nbsp;&nbsp;2541 | &nbsp;&nbsp;&nbsp;&nbsp;325121 |
| Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;6740 | &nbsp;&nbsp;&nbsp;&nbsp;443492 |
| NVR, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;1261649 |
| Panasonic Holdings Corp. | 269199 | &nbsp;&nbsp;&nbsp;3489904 |
| PulteGroup, Inc. | &nbsp;&nbsp;11875 | &nbsp;&nbsp;&nbsp;1392463 |
| Sekisui House, Ltd. | &nbsp;&nbsp;68901 | &nbsp;&nbsp;&nbsp;1537404 |
| Somnigroup International, Inc. | &nbsp;&nbsp;30960 | &nbsp;&nbsp;&nbsp;2764109 |
| Sonos, Inc. (A) | &nbsp;&nbsp;11732 | &nbsp;&nbsp;&nbsp;&nbsp;206014 |
| Sony Group Corp. | 709975 | 18211548 |
| Taylor Morrison Home Corp. (A) | &nbsp;&nbsp;23704 | &nbsp;&nbsp;&nbsp;1395454 |
| The Lovesac Company (A) | &nbsp;&nbsp;&nbsp;1414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20857 |
| Toll Brothers, Inc. | &nbsp;&nbsp;14216 | &nbsp;&nbsp;&nbsp;1922288 |
| TopBuild Corp. (A) | &nbsp;&nbsp;&nbsp;4117 | &nbsp;&nbsp;&nbsp;1717571 |
| Tri Pointe Homes, Inc. (A) | &nbsp;&nbsp;&nbsp;8276 | &nbsp;&nbsp;&nbsp;&nbsp;260446 |
| Whirlpool Corp. (C) | &nbsp;&nbsp;&nbsp;8281 | &nbsp;&nbsp;&nbsp;&nbsp;597391 |
|  |  | 45574009 |
| **Leisure products – 0.1%** | **Leisure products – 0.1%** |  |
| Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;2702 | &nbsp;&nbsp;&nbsp;&nbsp;215674 |
| Bandai Namco Holdings, Inc. | &nbsp;&nbsp;67536 | &nbsp;&nbsp;&nbsp;1797543 |
| Brunswick Corp. | &nbsp;&nbsp;&nbsp;9592 | &nbsp;&nbsp;&nbsp;&nbsp;712110 |
| Escalade, Inc. | &nbsp;&nbsp;&nbsp;1364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18400 |
| Funko, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16133 |
| Hasbro, Inc. | &nbsp;&nbsp;&nbsp;8122 | &nbsp;&nbsp;&nbsp;&nbsp;666004 |
| JAKKS Pacific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15867 |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26404 |
| Latham Group, Inc. (A) | &nbsp;&nbsp;&nbsp;4576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29058 |
| Malibu Boats, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51342 |
| MasterCraft Boat Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32015 |
| Mattel, Inc. (A) | &nbsp;&nbsp;45840 | &nbsp;&nbsp;&nbsp;&nbsp;909466 |
| Peloton Interactive, Inc., Class A (A) | &nbsp;&nbsp;38665 | &nbsp;&nbsp;&nbsp;&nbsp;238176 |
| Polaris, Inc. | &nbsp;&nbsp;13078 | &nbsp;&nbsp;&nbsp;&nbsp;827184 |
| Shimano, Inc. | &nbsp;&nbsp;&nbsp;8607 | &nbsp;&nbsp;&nbsp;&nbsp;900043 |
| Smith & Wesson Brands, Inc. | &nbsp;&nbsp;&nbsp;4341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42846 |
| Sturm Ruger & Company, Inc. | &nbsp;&nbsp;&nbsp;1406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45906 |
| Topgolf Callaway Brands Corp. (A) | &nbsp;&nbsp;12911 | &nbsp;&nbsp;&nbsp;&nbsp;150671 |
| YETI Holdings, Inc. (A) | &nbsp;&nbsp;11476 | &nbsp;&nbsp;&nbsp;&nbsp;506895 |
|  |  | &nbsp;&nbsp;&nbsp;7201737 |
| **Specialty retail – 1.5%** | **Specialty retail – 1.5%** |  |
| 1-800-Flowers.com, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11397 |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;11482 | &nbsp;&nbsp;&nbsp;1445239 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp;6471 | &nbsp;&nbsp;&nbsp;&nbsp;323291 |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;5860 | &nbsp;&nbsp;&nbsp;&nbsp;230298 |
| American Eagle Outfitters, Inc. | &nbsp;&nbsp;15533 | &nbsp;&nbsp;&nbsp;&nbsp;409605 |
| America's Car-Mart, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19501 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialty retail (continued)** | **Specialty retail (continued)** |  |
| Arhaus, Inc. (A) | &nbsp;&nbsp;&nbsp;4951 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55501 |
| Arko Corp. | &nbsp;&nbsp;&nbsp;7828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35539 |
| Asbury Automotive Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;&nbsp;439714 |
| AutoNation, Inc. (A) | &nbsp;&nbsp;&nbsp;4034 | &nbsp;&nbsp;&nbsp;&nbsp;832940 |
| AutoZone, Inc. (A) | &nbsp;&nbsp;&nbsp;1013 | &nbsp;&nbsp;&nbsp;3435590 |
| Avolta AG (A) | &nbsp;&nbsp;10148 | &nbsp;&nbsp;&nbsp;&nbsp;598527 |
| Barnes & Noble Education, Inc. (A) | &nbsp;&nbsp;&nbsp;1665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15301 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;30411 | &nbsp;&nbsp;&nbsp;&nbsp;610653 |
| Bed Bath & Beyond, Inc. (A) | &nbsp;&nbsp;&nbsp;6794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37095 |
| Best Buy Company, Inc. | &nbsp;&nbsp;11904 | &nbsp;&nbsp;&nbsp;&nbsp;796735 |
| Boot Barn Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp;528704 |
| Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp;1220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74749 |
| Burlington Stores, Inc. (A) | &nbsp;&nbsp;&nbsp;9184 | &nbsp;&nbsp;&nbsp;2652798 |
| Caleres, Inc. | &nbsp;&nbsp;&nbsp;3312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40307 |
| Camping World Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;6016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58536 |
| Carvana Company (A) | &nbsp;&nbsp;&nbsp;8616 | &nbsp;&nbsp;&nbsp;3636124 |
| Chewy, Inc., Class A (A) | &nbsp;&nbsp;33195 | &nbsp;&nbsp;&nbsp;1097095 |
| Citi Trends, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20614 |
| Designer Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;3366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25009 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;&nbsp;9750 | &nbsp;&nbsp;&nbsp;1930208 |
| EVgo, Inc. (A) | &nbsp;&nbsp;12712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36992 |
| Fast Retailing Company, Ltd. | &nbsp;&nbsp;22043 | &nbsp;&nbsp;&nbsp;7992533 |
| Five Below, Inc. (A) | &nbsp;&nbsp;&nbsp;8133 | &nbsp;&nbsp;&nbsp;1531932 |
| Floor & Decor Holdings, Inc., Class A (A) | &nbsp;&nbsp;15893 | &nbsp;&nbsp;&nbsp;&nbsp;967725 |
| GameStop Corp., Class A (A)(C) | &nbsp;&nbsp;60778 | &nbsp;&nbsp;&nbsp;1220422 |
| Genesco, Inc. (A) | &nbsp;&nbsp;&nbsp;1036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25662 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;&nbsp;470387 |
| Haverty Furniture Companies, Inc. | &nbsp;&nbsp;&nbsp;1339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31279 |
| Hennes & Mauritz AB, B Shares | &nbsp;&nbsp;56976 | &nbsp;&nbsp;&nbsp;1142020 |
| Industria de Diseno Textil SA | 125932 | &nbsp;&nbsp;&nbsp;8307062 |
| JD Sports Fashion PLC | 290890 | &nbsp;&nbsp;&nbsp;&nbsp;329720 |
| Kingfisher PLC | 200776 | &nbsp;&nbsp;&nbsp;&nbsp;845177 |
| Lands' End, Inc. (A) | &nbsp;&nbsp;&nbsp;1017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14767 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;3577 | &nbsp;&nbsp;&nbsp;1188744 |
| Lowe's Companies, Inc. | &nbsp;&nbsp;34167 | &nbsp;&nbsp;&nbsp;8239714 |
| MarineMax, Inc. (A) | &nbsp;&nbsp;&nbsp;1918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46473 |
| Monro, Inc. | &nbsp;&nbsp;&nbsp;2877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57655 |
| Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;2514 | &nbsp;&nbsp;&nbsp;1014449 |
| National Vision Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7596 | &nbsp;&nbsp;&nbsp;&nbsp;196129 |
| Nitori Holdings Company, Ltd. | &nbsp;&nbsp;46242 | &nbsp;&nbsp;&nbsp;&nbsp;807115 |
| OneWater Marine, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14542 |
| O'Reilly Automotive, Inc. (A) | &nbsp;&nbsp;51424 | &nbsp;&nbsp;&nbsp;4690383 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;&nbsp;2720 | &nbsp;&nbsp;&nbsp;&nbsp;430549 |
| Petco Health & Wellness Company, Inc. (A) | &nbsp;&nbsp;&nbsp;8013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22517 |
| Revolve Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3970 | &nbsp;&nbsp;&nbsp;&nbsp;119854 |
| RH (A) | &nbsp;&nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;406133 |
| Ross Stores, Inc. | &nbsp;&nbsp;19814 | &nbsp;&nbsp;&nbsp;3569294 |
| Sally Beauty Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;9697 | &nbsp;&nbsp;&nbsp;&nbsp;138279 |
| Sanrio Company, Ltd. | &nbsp;&nbsp;20640 | &nbsp;&nbsp;&nbsp;&nbsp;645830 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp;1874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31633 |
| Signet Jewelers, Ltd. | &nbsp;&nbsp;&nbsp;3904 | &nbsp;&nbsp;&nbsp;&nbsp;323564 |
| Sleep Number Corp. (A) | &nbsp;&nbsp;&nbsp;1899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16066 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;1477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91367 |
| Stitch Fix, Inc., Class A (A) | &nbsp;&nbsp;11018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57845 |
| The Buckle, Inc. | &nbsp;&nbsp;&nbsp;3075 | &nbsp;&nbsp;&nbsp;&nbsp;164267 |
| The Gap, Inc. | &nbsp;&nbsp;33383 | &nbsp;&nbsp;&nbsp;&nbsp;854605 |
| The Home Depot, Inc. | &nbsp;&nbsp;60641 | 20866568 |
| The RealReal, Inc. (A) | &nbsp;&nbsp;&nbsp;9807 | &nbsp;&nbsp;&nbsp;&nbsp;154754 |
| The TJX Companies, Inc. | &nbsp;&nbsp;67803 | 10415219 |
| ThredUp, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;9767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62411 |
| Tractor Supply Company | &nbsp;&nbsp;32191 | &nbsp;&nbsp;&nbsp;1609872 |
| Ulta Beauty, Inc. (A) | &nbsp;&nbsp;&nbsp;2732 | &nbsp;&nbsp;&nbsp;1652887 |
| Upbound Group, Inc. | &nbsp;&nbsp;&nbsp;5241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92032 |
| Urban Outfitters, Inc. (A) | &nbsp;&nbsp;&nbsp;5959 | &nbsp;&nbsp;&nbsp;&nbsp;448474 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 119 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialty retail (continued)** | **Specialty retail (continued)** |  |
| Valvoline, Inc. (A) | &nbsp;&nbsp;18748 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544817 |
| Victoria's Secret & Company (A) | &nbsp;&nbsp;&nbsp;6748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365539 |
| Warby Parker, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;9608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209358 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;&nbsp;7420 | &nbsp;&nbsp;&nbsp;&nbsp;1325138 |
| Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119052 |
| Zalando SE (A)(B) | &nbsp;&nbsp;25923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764911 |
| ZOZO, Inc. | &nbsp;&nbsp;51492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424646 |
| Zumiez, Inc. (A) | &nbsp;&nbsp;&nbsp;1313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34204 |
|  |  | 104493637 |
| **Textiles, apparel and luxury goods – 1.0%** | **Textiles, apparel and luxury goods – 1.0%** |  |
| adidas AG | &nbsp;&nbsp;19741 | &nbsp;&nbsp;&nbsp;&nbsp;3906468 |
| Asics Corp. | &nbsp;&nbsp;80554 | &nbsp;&nbsp;&nbsp;&nbsp;1933817 |
| Capri Holdings, Ltd. (A) | &nbsp;&nbsp;28922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705697 |
| Carter's, Inc. | &nbsp;&nbsp;&nbsp;3479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112824 |
| Cie Financiere Richemont SA, A Shares | &nbsp;&nbsp;62062 | &nbsp;&nbsp;&nbsp;13383727 |
| Columbia Sportswear Company | &nbsp;&nbsp;&nbsp;3736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205816 |
| Crocs, Inc. (A) | &nbsp;&nbsp;&nbsp;7657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654827 |
| Deckers Outdoor Corp. (A) | &nbsp;&nbsp;&nbsp;8879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920486 |
| Ermenegildo Zegna NV | &nbsp;&nbsp;&nbsp;6286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64432 |
| Figs, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;8653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98298 |
| G-III Apparel Group, Ltd. | &nbsp;&nbsp;&nbsp;3563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103184 |
| Hermes International SCA | &nbsp;&nbsp;&nbsp;3656 | &nbsp;&nbsp;&nbsp;&nbsp;9077297 |
| Kering SA | &nbsp;&nbsp;&nbsp;8594 | &nbsp;&nbsp;&nbsp;&nbsp;3003067 |
| Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp;5378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328542 |
| Lululemon Athletica, Inc. (A) | &nbsp;&nbsp;&nbsp;6574 | &nbsp;&nbsp;&nbsp;&nbsp;1366143 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp;28870 | &nbsp;&nbsp;&nbsp;21760349 |
| Moncler SpA | &nbsp;&nbsp;26967 | &nbsp;&nbsp;&nbsp;&nbsp;1723736 |
| Movado Group, Inc. | &nbsp;&nbsp;&nbsp;1559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32147 |
| NIKE, Inc., Class B | &nbsp;&nbsp;72455 | &nbsp;&nbsp;&nbsp;&nbsp;4616108 |
| Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48564 |
| Pandora A/S | &nbsp;&nbsp;&nbsp;9120 | &nbsp;&nbsp;&nbsp;&nbsp;1008544 |
| PVH Corp. | &nbsp;&nbsp;&nbsp;7097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475641 |
| Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;2361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834873 |
| Rocky Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21558 |
| Steven Madden, Ltd. | &nbsp;&nbsp;&nbsp;6997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291355 |
| Superior Group of Companies, Inc. | &nbsp;&nbsp;&nbsp;1537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14878 |
| Tapestry, Inc. | &nbsp;&nbsp;12468 | &nbsp;&nbsp;&nbsp;&nbsp;1593036 |
| The Swatch Group AG, Bearer Shares | &nbsp;&nbsp;&nbsp;3341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702465 |
| VF Corp. | &nbsp;&nbsp;48408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875217 |
| Wolverine World Wide, Inc. | &nbsp;&nbsp;&nbsp;7892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143240 |
|  |  | &nbsp;&nbsp;&nbsp;70006336 |
|  |  | 676636446 |
| **Consumer staples – 5.3%** |  |  |
| **Beverages – 1.0%** | **Beverages – 1.0%** |  |
| Anheuser-Busch InBev SA/NV | 114114 | &nbsp;&nbsp;&nbsp;&nbsp;7323949 |
| Asahi Group Holdings, Ltd. (C) | 175597 | &nbsp;&nbsp;&nbsp;&nbsp;1840573 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;10727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279546 |
| Carlsberg A/S, Class B | &nbsp;&nbsp;10853 | &nbsp;&nbsp;&nbsp;&nbsp;1420478 |
| Celsius Holdings, Inc. (A) | &nbsp;&nbsp;23573 | &nbsp;&nbsp;&nbsp;&nbsp;1078229 |
| Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;&nbsp;8343 | &nbsp;&nbsp;&nbsp;&nbsp;1278982 |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp;23991 | &nbsp;&nbsp;&nbsp;&nbsp;2175984 |
| Coca-Cola HBC AG (A) | &nbsp;&nbsp;25179 | &nbsp;&nbsp;&nbsp;&nbsp;1302600 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;8588 | &nbsp;&nbsp;&nbsp;&nbsp;1184800 |
| Davide Campari-Milano NV | &nbsp;&nbsp;71073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459153 |
| Diageo PLC | 257029 | &nbsp;&nbsp;&nbsp;&nbsp;5538441 |
| Heineken Holding NV | &nbsp;&nbsp;14963 | &nbsp;&nbsp;&nbsp;&nbsp;1095693 |
| Heineken NV | &nbsp;&nbsp;33249 | &nbsp;&nbsp;&nbsp;&nbsp;2743272 |
| Keurig Dr. Pepper, Inc. | &nbsp;&nbsp;82768 | &nbsp;&nbsp;&nbsp;&nbsp;2318332 |
| Kirin Holdings Company, Ltd. | &nbsp;&nbsp;89691 | &nbsp;&nbsp;&nbsp;&nbsp;1342585 |
| MGP Ingredients, Inc. | &nbsp;&nbsp;&nbsp;1395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33899 |
| Molson Coors Beverage Company, Class B | &nbsp;&nbsp;10315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481504 |
| Monster Beverage Corp. (A) | &nbsp;&nbsp;43451 | &nbsp;&nbsp;&nbsp;&nbsp;3331388 |
| National Beverage Corp. (A) | &nbsp;&nbsp;&nbsp;2443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77907 |
| PepsiCo, Inc. | &nbsp;&nbsp;83301 | &nbsp;&nbsp;&nbsp;11955360 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Beverages (continued)** | **Beverages (continued)** |  |
| Pernod Ricard SA | &nbsp;&nbsp;23299 | $&nbsp;&nbsp;&nbsp;&nbsp;1995007 |
| Suntory Beverage & Food, Ltd. | &nbsp;&nbsp;16053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482771 |
| The Boston Beer Company, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221277 |
| The Coca-Cola Company | 235856 | &nbsp;&nbsp;&nbsp;16488693 |
| The Vita Coco Company, Inc. (A) | &nbsp;&nbsp;&nbsp;4642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246072 |
| Zevia PBC, Class A (A) | &nbsp;&nbsp;&nbsp;5713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13254 |
|  |  | &nbsp;&nbsp;&nbsp;66709749 |
| **Consumer staples distribution and retail – 1.5%** | **Consumer staples distribution and retail – 1.5%** |  |
| Aeon Company, Ltd. | 257079 | &nbsp;&nbsp;&nbsp;&nbsp;4061104 |
| Albertsons Companies, Inc., Class A | &nbsp;&nbsp;58333 | &nbsp;&nbsp;&nbsp;&nbsp;1001578 |
| BJ's Wholesale Club Holdings, Inc. (A) | &nbsp;&nbsp;19432 | &nbsp;&nbsp;&nbsp;&nbsp;1749463 |
| Carrefour SA | &nbsp;&nbsp;68004 | &nbsp;&nbsp;&nbsp;&nbsp;1134685 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;5484 | &nbsp;&nbsp;&nbsp;&nbsp;3031062 |
| Coles Group, Ltd. | 154945 | &nbsp;&nbsp;&nbsp;&nbsp;2214669 |
| Costco Wholesale Corp. | &nbsp;&nbsp;26999 | &nbsp;&nbsp;&nbsp;23282318 |
| Dollar General Corp. | &nbsp;&nbsp;13409 | &nbsp;&nbsp;&nbsp;&nbsp;1780313 |
| Dollar Tree, Inc. (A) | &nbsp;&nbsp;11556 | &nbsp;&nbsp;&nbsp;&nbsp;1421504 |
| Grocery Outlet Holding Corp. (A) | &nbsp;&nbsp;&nbsp;9269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93617 |
| Ingles Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;1429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97958 |
| J Sainsbury PLC | 198442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869417 |
| Jeronimo Martins SGPS SA | &nbsp;&nbsp;32692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777950 |
| Kesko OYJ, B Shares | &nbsp;&nbsp;31532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711498 |
| Kobe Bussan Company, Ltd. | &nbsp;&nbsp;17372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418156 |
| Koninklijke Ahold Delhaize NV | 103549 | &nbsp;&nbsp;&nbsp;&nbsp;4246222 |
| Maplebear, Inc. (A) | &nbsp;&nbsp;27105 | &nbsp;&nbsp;&nbsp;&nbsp;1219183 |
| Marks & Spencer Group PLC | 237481 | &nbsp;&nbsp;&nbsp;&nbsp;1056799 |
| MatsukiyoCocokara & Company | &nbsp;&nbsp;37892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655778 |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp;1301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32590 |
| Performance Food Group Company (A) | &nbsp;&nbsp;23128 | &nbsp;&nbsp;&nbsp;&nbsp;2079670 |
| PriceSmart, Inc. | &nbsp;&nbsp;&nbsp;2504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307166 |
| Seven & i Holdings Company, Ltd. | 240550 | &nbsp;&nbsp;&nbsp;&nbsp;3455984 |
| Sprouts Farmers Market, Inc. (A) | &nbsp;&nbsp;14361 | &nbsp;&nbsp;&nbsp;&nbsp;1144141 |
| Sysco Corp. | &nbsp;&nbsp;29173 | &nbsp;&nbsp;&nbsp;&nbsp;2149758 |
| Target Corp. | &nbsp;&nbsp;27683 | &nbsp;&nbsp;&nbsp;&nbsp;2706013 |
| Tesco PLC | 750426 | &nbsp;&nbsp;&nbsp;&nbsp;4462656 |
| The Andersons, Inc. | &nbsp;&nbsp;&nbsp;3198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170038 |
| The Chefs' Warehouse, Inc. (A) | &nbsp;&nbsp;&nbsp;3561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221957 |
| The Kroger Company | &nbsp;&nbsp;37142 | &nbsp;&nbsp;&nbsp;&nbsp;2320632 |
| U.S. Foods Holding Corp. (A) | &nbsp;&nbsp;32882 | &nbsp;&nbsp;&nbsp;&nbsp;2476672 |
| United Natural Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;5842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196700 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32776 |
| Walmart, Inc. | 267147 | &nbsp;&nbsp;&nbsp;29762847 |
| Weis Markets, Inc. | &nbsp;&nbsp;&nbsp;1379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88380 |
| Woolworths Group, Ltd. | 141028 | &nbsp;&nbsp;&nbsp;&nbsp;2759213 |
|  |  | 104190467 |
| **Food products – 1.1%** | **Food products – 1.1%** |  |
| Ajinomoto Company, Inc. | 104488 | &nbsp;&nbsp;&nbsp;&nbsp;2208875 |
| Alico, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21828 |
| Archer-Daniels-Midland Company | &nbsp;&nbsp;29277 | &nbsp;&nbsp;&nbsp;&nbsp;1683135 |
| Associated British Foods PLC | &nbsp;&nbsp;37190 | &nbsp;&nbsp;&nbsp;&nbsp;1062270 |
| B&G Foods, Inc. (C) | &nbsp;&nbsp;&nbsp;7552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32474 |
| Barry Callebaut AG (C) | &nbsp;&nbsp;&nbsp;&nbsp;412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673583 |
| Beyond Meat, Inc. (A)(C) | &nbsp;&nbsp;37637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30862 |
| BRC, Inc., Class A (A) | &nbsp;&nbsp;10423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11570 |
| Bunge Global SA | &nbsp;&nbsp;&nbsp;8246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734554 |
| Calavo Growers, Inc. | &nbsp;&nbsp;&nbsp;1651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35909 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp;4286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341037 |
| Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;1759871 |
| Chocoladefabriken Lindt & Spruengli AG, Participation Certificates | &nbsp;&nbsp;&nbsp;&nbsp;108 | &nbsp;&nbsp;&nbsp;&nbsp;1578082 |
| Conagra Brands, Inc. | &nbsp;&nbsp;29145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504500 |
| Danone SA | &nbsp;&nbsp;74732 | &nbsp;&nbsp;&nbsp;&nbsp;6740752 |
| Darling Ingredients, Inc. (A) | &nbsp;&nbsp;23331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839916 |
| Dole PLC | &nbsp;&nbsp;&nbsp;7985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119695 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 120 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Food products (continued)** | **Food products (continued)** |  |
| Flowers Foods, Inc. | &nbsp;&nbsp;31146 | $&nbsp;&nbsp;&nbsp;&nbsp;338868 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;3172 | &nbsp;&nbsp;&nbsp;&nbsp;113018 |
| General Mills, Inc. | &nbsp;&nbsp;32499 | &nbsp;&nbsp;&nbsp;1511204 |
| Hormel Foods Corp. | &nbsp;&nbsp;17759 | &nbsp;&nbsp;&nbsp;&nbsp;420888 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;9370 | &nbsp;&nbsp;&nbsp;1033136 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;1518 | &nbsp;&nbsp;&nbsp;&nbsp;137182 |
| JDE Peet's NV | &nbsp;&nbsp;19726 | &nbsp;&nbsp;&nbsp;&nbsp;737711 |
| John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52456 |
| Kerry Group PLC, Class A | &nbsp;&nbsp;18724 | &nbsp;&nbsp;&nbsp;1711048 |
| Kikkoman Corp. | &nbsp;&nbsp;78341 | &nbsp;&nbsp;&nbsp;&nbsp;711384 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;8490 | &nbsp;&nbsp;&nbsp;&nbsp;355646 |
| Lifeway Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12721 |
| Limoneira Company | &nbsp;&nbsp;&nbsp;1909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24101 |
| Lotus Bakeries NV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp;&nbsp;432617 |
| Mama's Creations, Inc. (A) | &nbsp;&nbsp;&nbsp;3726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50264 |
| McCormick & Company, Inc. | &nbsp;&nbsp;15428 | &nbsp;&nbsp;&nbsp;1050801 |
| Mission Produce, Inc. (A) | &nbsp;&nbsp;&nbsp;4275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49590 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;78612 | &nbsp;&nbsp;&nbsp;4231684 |
| Mowi ASA | &nbsp;&nbsp;53730 | &nbsp;&nbsp;&nbsp;1292471 |
| Nestle SA | 297451 | 29524725 |
| Orkla ASA | &nbsp;&nbsp;80930 | &nbsp;&nbsp;&nbsp;&nbsp;901215 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;6307 | &nbsp;&nbsp;&nbsp;&nbsp;245910 |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7050 | &nbsp;&nbsp;&nbsp;&nbsp;698303 |
| Salmar ASA | &nbsp;&nbsp;&nbsp;7815 | &nbsp;&nbsp;&nbsp;&nbsp;477638 |
| Seneca Foods Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49009 |
| SunOpta, Inc. (A) | &nbsp;&nbsp;&nbsp;9641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36636 |
| The Campbell's Company | &nbsp;&nbsp;11971 | &nbsp;&nbsp;&nbsp;&nbsp;333632 |
| The Hain Celestial Group, Inc. (A) | &nbsp;&nbsp;&nbsp;9785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10470 |
| The Hershey Company | &nbsp;&nbsp;&nbsp;9027 | &nbsp;&nbsp;&nbsp;1642733 |
| The J.M. Smucker Company | &nbsp;&nbsp;&nbsp;6499 | &nbsp;&nbsp;&nbsp;&nbsp;635667 |
| The Kraft Heinz Company | &nbsp;&nbsp;51924 | &nbsp;&nbsp;&nbsp;1259157 |
| The Magnum Ice Cream Company NV (London Stock Exchange) (A) | &nbsp;&nbsp;56612 | &nbsp;&nbsp;&nbsp;&nbsp;898552 |
| The Marzetti Company | &nbsp;&nbsp;&nbsp;4947 | &nbsp;&nbsp;&nbsp;&nbsp;813386 |
| The Simply Good Foods Company (A) | &nbsp;&nbsp;&nbsp;9043 | &nbsp;&nbsp;&nbsp;&nbsp;181583 |
| Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp;1805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66117 |
| TreeHouse Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;115591 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;17244 | &nbsp;&nbsp;&nbsp;1010843 |
| Utz Brands, Inc. | &nbsp;&nbsp;&nbsp;7134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74051 |
| Vital Farms, Inc. (A) | &nbsp;&nbsp;&nbsp;3372 | &nbsp;&nbsp;&nbsp;&nbsp;107702 |
| Westrock Coffee Company (A) | &nbsp;&nbsp;&nbsp;4041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16447 |
| WH Group, Ltd. (B) | 962780 | &nbsp;&nbsp;&nbsp;1072550 |
| Wilmar International, Ltd. | 221782 | &nbsp;&nbsp;&nbsp;&nbsp;530426 |
|  |  | 73348046 |
| **Household products – 0.6%** | **Household products – 0.6%** |  |
| Central Garden & Pet Company (A) | &nbsp;&nbsp;&nbsp;1024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32922 |
| Central Garden & Pet Company, Class A (A) | &nbsp;&nbsp;&nbsp;4757 | &nbsp;&nbsp;&nbsp;&nbsp;138857 |
| Church & Dwight Company, Inc. | &nbsp;&nbsp;14629 | &nbsp;&nbsp;&nbsp;1226642 |
| Colgate-Palmolive Company | &nbsp;&nbsp;49107 | &nbsp;&nbsp;&nbsp;3880435 |
| Energizer Holdings, Inc. | &nbsp;&nbsp;&nbsp;6123 | &nbsp;&nbsp;&nbsp;&nbsp;121786 |
| Essity AB, B Shares | &nbsp;&nbsp;69598 | &nbsp;&nbsp;&nbsp;2001036 |
| Henkel AG & Company KGaA | &nbsp;&nbsp;11997 | &nbsp;&nbsp;&nbsp;&nbsp;913046 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;20217 | &nbsp;&nbsp;&nbsp;2039693 |
| Oil-Dri Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47863 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp;77941 | &nbsp;&nbsp;&nbsp;6306936 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;&nbsp;2294 | &nbsp;&nbsp;&nbsp;&nbsp;135530 |
| The Clorox Company | &nbsp;&nbsp;&nbsp;7431 | &nbsp;&nbsp;&nbsp;&nbsp;749268 |
| The Procter & Gamble Company | 142359 | 20401468 |
| Unicharm Corp. | 129011 | &nbsp;&nbsp;&nbsp;&nbsp;737054 |
| WD-40 Company | &nbsp;&nbsp;&nbsp;1331 | &nbsp;&nbsp;&nbsp;&nbsp;262074 |
|  |  | 38994610 |
| **Personal care products – 0.5%** | **Personal care products – 0.5%** |  |
| Beiersdorf AG | &nbsp;&nbsp;11203 | &nbsp;&nbsp;&nbsp;1230282 |
| BellRing Brands, Inc. (A) | &nbsp;&nbsp;18581 | &nbsp;&nbsp;&nbsp;&nbsp;496670 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Personal care products (continued)** | **Personal care products (continued)** |  |
| Coty, Inc., Class A (A) | &nbsp;&nbsp;54180 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166874 |
| e.l.f. Beauty, Inc. (A) | &nbsp;&nbsp;&nbsp;8796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668848 |
| Edgewell Personal Care Company | &nbsp;&nbsp;&nbsp;4425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75446 |
| Herbalife, Ltd. (A) | &nbsp;&nbsp;&nbsp;9932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128023 |
| Interparfums, Inc. | &nbsp;&nbsp;&nbsp;1814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153882 |
| Kao Corp. | &nbsp;&nbsp;53786 | &nbsp;&nbsp;&nbsp;&nbsp;2146683 |
| Kenvue, Inc. | 116714 | &nbsp;&nbsp;&nbsp;&nbsp;2013317 |
| L'Oreal SA | &nbsp;&nbsp;27729 | &nbsp;&nbsp;&nbsp;11904494 |
| Medifast, Inc. (A) | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13136 |
| Nature's Sunshine Products, Inc. (A) | &nbsp;&nbsp;&nbsp;1670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36039 |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;4610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44348 |
| Olaplex Holdings, Inc. (A) | &nbsp;&nbsp;14967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20056 |
| Shiseido Company, Ltd. | &nbsp;&nbsp;46179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672039 |
| The Beauty Health Company (A) | &nbsp;&nbsp;12001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16681 |
| The Estee Lauder Companies, Inc., Class A | &nbsp;&nbsp;14978 | &nbsp;&nbsp;&nbsp;&nbsp;1568496 |
| The Honest Company, Inc. (A) | &nbsp;&nbsp;&nbsp;9335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24084 |
| Unilever PLC | 251610 | &nbsp;&nbsp;&nbsp;16439495 |
| USANA Health Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23320 |
|  |  | &nbsp;&nbsp;&nbsp;37842213 |
| **Tobacco – 0.6%** | **Tobacco – 0.6%** |  |
| Altria Group, Inc. | 102266 | &nbsp;&nbsp;&nbsp;&nbsp;5896658 |
| British American Tobacco PLC | 252377 | &nbsp;&nbsp;&nbsp;14307423 |
| Imperial Brands PLC | &nbsp;&nbsp;88354 | &nbsp;&nbsp;&nbsp;&nbsp;3710001 |
| Japan Tobacco, Inc. (C) | 138535 | &nbsp;&nbsp;&nbsp;&nbsp;4979265 |
| Philip Morris International, Inc. | &nbsp;&nbsp;94834 | &nbsp;&nbsp;&nbsp;15211374 |
| Turning Point Brands, Inc. | &nbsp;&nbsp;&nbsp;1686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182762 |
| Universal Corp. | &nbsp;&nbsp;&nbsp;2320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122380 |
|  |  | &nbsp;&nbsp;&nbsp;44409863 |
|  |  | 365494948 |
| **Energy – 3.0%** |  |  |
| **Energy equipment and services – 0.3%** | **Energy equipment and services – 0.3%** |  |
| Archrock, Inc. | &nbsp;&nbsp;16787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436798 |
| Atlas Energy Solutions, Inc. | &nbsp;&nbsp;&nbsp;7752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73024 |
| Baker Hughes Company | &nbsp;&nbsp;60116 | &nbsp;&nbsp;&nbsp;&nbsp;2737683 |
| Borr Drilling, Ltd. (A) | &nbsp;&nbsp;26106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105207 |
| Bristow Group, Inc. (A) | &nbsp;&nbsp;&nbsp;2789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102133 |
| Cactus, Inc., Class A | &nbsp;&nbsp;&nbsp;6679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305097 |
| Core Laboratories, Inc. | &nbsp;&nbsp;&nbsp;4611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73914 |
| DMC Global, Inc. (A) | &nbsp;&nbsp;&nbsp;2152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14397 |
| Expro Group Holdings NV (A) | &nbsp;&nbsp;&nbsp;8758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116919 |
| Flowco Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;2065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38698 |
| Forum Energy Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38687 |
| Halliburton Company | &nbsp;&nbsp;51272 | &nbsp;&nbsp;&nbsp;&nbsp;1448947 |
| Helix Energy Solutions Group, Inc. (A) | &nbsp;&nbsp;13533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84852 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;&nbsp;9399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269563 |
| Innovex International, Inc. (A) | &nbsp;&nbsp;&nbsp;3840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83981 |
| Kodiak Gas Services, Inc. | &nbsp;&nbsp;&nbsp;8213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307166 |
| Liberty Energy, Inc. | &nbsp;&nbsp;15372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283767 |
| Nabors Industries, Ltd. (A) | &nbsp;&nbsp;&nbsp;1382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75043 |
| National Energy Services Reunited Corp. (A) | &nbsp;&nbsp;&nbsp;5986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93741 |
| Natural Gas Services Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32607 |
| Noble Corp. PLC | &nbsp;&nbsp;12256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346109 |
| NOV, Inc. | &nbsp;&nbsp;53798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840863 |
| Oceaneering International, Inc. (A) | &nbsp;&nbsp;&nbsp;9669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232346 |
| Oil States International, Inc. (A) | &nbsp;&nbsp;&nbsp;5397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36538 |
| Patterson-UTI Energy, Inc. | &nbsp;&nbsp;33875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206976 |
| ProFrac Holding Corp., Class A (A) | &nbsp;&nbsp;&nbsp;3044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11841 |
| ProPetro Holding Corp. (A) | &nbsp;&nbsp;&nbsp;7715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73370 |
| Ranger Energy Services, Inc., Class A | &nbsp;&nbsp;&nbsp;2078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29050 |
| RPC, Inc. | &nbsp;&nbsp;&nbsp;9235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50238 |
| Seadrill, Ltd. (A) | &nbsp;&nbsp;&nbsp;6134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212236 |
| Select Water Solutions, Inc. | &nbsp;&nbsp;&nbsp;9218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96973 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 121 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Energy equipment and services (continued)** | **Energy equipment and services (continued)** |  |
| SLB, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;91015 | $&nbsp;&nbsp;&nbsp;3493156 |
| Solaris Energy Infrastructure, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4119 | &nbsp;&nbsp;&nbsp;&nbsp;189350 |
| TechnipFMC PLC | &nbsp;&nbsp;&nbsp;&nbsp;59663 | &nbsp;&nbsp;&nbsp;2658583 |
| Tenaris SA | &nbsp;&nbsp;&nbsp;&nbsp;43314 | &nbsp;&nbsp;&nbsp;&nbsp;835781 |
| TETRA Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;12418 | &nbsp;&nbsp;&nbsp;&nbsp;116357 |
| Tidewater, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4797 | &nbsp;&nbsp;&nbsp;&nbsp;242296 |
| Transocean, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;90144 | &nbsp;&nbsp;&nbsp;&nbsp;372295 |
| Valaris, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;15581 | &nbsp;&nbsp;&nbsp;&nbsp;785282 |
| Weatherford International PLC | &nbsp;&nbsp;&nbsp;&nbsp;10580 | &nbsp;&nbsp;&nbsp;&nbsp;827991 |
|  |  | 18379855 |
| **Oil, gas and consumable fuels – 2.7%** | **Oil, gas and consumable fuels – 2.7%** |  |
| Aker BP ASA | &nbsp;&nbsp;&nbsp;&nbsp;36482 | &nbsp;&nbsp;&nbsp;&nbsp;928326 |
| Antero Midstream Corp. | &nbsp;&nbsp;&nbsp;&nbsp;49172 | &nbsp;&nbsp;&nbsp;&nbsp;874770 |
| Antero Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;43225 | &nbsp;&nbsp;&nbsp;1489534 |
| APA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21607 | &nbsp;&nbsp;&nbsp;&nbsp;528507 |
| Ardmore Shipping Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35837 |
| BKV Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61115 |
| BP PLC | 1816347 | 10592869 |
| California Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7142 | &nbsp;&nbsp;&nbsp;&nbsp;319319 |
| Calumet, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6756 | &nbsp;&nbsp;&nbsp;&nbsp;134242 |
| Centrus Energy Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;1642 | &nbsp;&nbsp;&nbsp;&nbsp;398612 |
| Chevron Corp. | &nbsp;&nbsp;115307 | 17573940 |
| Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8387 | &nbsp;&nbsp;&nbsp;&nbsp;777475 |
| Civitas Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11323 | &nbsp;&nbsp;&nbsp;&nbsp;306740 |
| Clean Energy Fuels Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;17604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36968 |
| CNX Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;32577 | &nbsp;&nbsp;&nbsp;1197856 |
| Comstock Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7247 | &nbsp;&nbsp;&nbsp;&nbsp;167985 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp;&nbsp;75282 | &nbsp;&nbsp;&nbsp;7047148 |
| Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4967 | &nbsp;&nbsp;&nbsp;&nbsp;439629 |
| Coterra Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46385 | &nbsp;&nbsp;&nbsp;1220853 |
| Crescent Energy Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;22998 | &nbsp;&nbsp;&nbsp;&nbsp;192953 |
| CVR Energy, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76600 |
| Delek US Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5823 | &nbsp;&nbsp;&nbsp;&nbsp;172710 |
| Devon Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38217 | &nbsp;&nbsp;&nbsp;1399889 |
| DHT Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13108 | &nbsp;&nbsp;&nbsp;&nbsp;160049 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11347 | &nbsp;&nbsp;&nbsp;1705795 |
| Diversified Energy Company | &nbsp;&nbsp;&nbsp;&nbsp;6235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90283 |
| Dorian LPG, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87867 |
| DT Midstream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14996 | &nbsp;&nbsp;&nbsp;1794721 |
| Encore Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;18519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45927 |
| ENEOS Holdings, Inc. | &nbsp;&nbsp;312491 | &nbsp;&nbsp;&nbsp;2210906 |
| Energy Fuels, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;22271 | &nbsp;&nbsp;&nbsp;&nbsp;323820 |
| Eni SpA | &nbsp;&nbsp;236135 | &nbsp;&nbsp;&nbsp;4476203 |
| EOG Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33056 | &nbsp;&nbsp;&nbsp;3471211 |
| EQT Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38020 | &nbsp;&nbsp;&nbsp;2037872 |
| Equinor ASA | &nbsp;&nbsp;&nbsp;&nbsp;88552 | &nbsp;&nbsp;&nbsp;2088216 |
| Evolution Petroleum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16645 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65469 |
| Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14510 | &nbsp;&nbsp;&nbsp;1601324 |
| Exxon Mobil Corp. | &nbsp;&nbsp;256918 | 30917512 |
| FLEX LNG, Ltd. (New York Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;&nbsp;3030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75599 |
| Galp Energia SGPS SA | &nbsp;&nbsp;&nbsp;&nbsp;48171 | &nbsp;&nbsp;&nbsp;&nbsp;829520 |
| Gevo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;22081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44162 |
| Golar LNG, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9508 | &nbsp;&nbsp;&nbsp;&nbsp;353793 |
| Granite Ridge Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27871 |
| Green Plains, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64690 |
| Gulfport Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1548 | &nbsp;&nbsp;&nbsp;&nbsp;321969 |
| HF Sinclair Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23061 | &nbsp;&nbsp;&nbsp;1062651 |
| HighPeak Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13613 |
| Idemitsu Kosan Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;89271 | &nbsp;&nbsp;&nbsp;&nbsp;675895 |
| Infinity Natural Resources, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;1590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23421 |
| Inpex Corp. (C) | &nbsp;&nbsp;101755 | &nbsp;&nbsp;&nbsp;2035153 |
| International Seaways, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3905 | &nbsp;&nbsp;&nbsp;&nbsp;189588 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| Kinder Morgan, Inc. | 119272 | $&nbsp;&nbsp;&nbsp;&nbsp;3278787 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;4353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156926 |
| Kosmos Energy, Ltd. (A) | &nbsp;&nbsp;48511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44019 |
| Lightbridge Corp. (A) | &nbsp;&nbsp;&nbsp;2618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33092 |
| Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;17596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385176 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;18313 | &nbsp;&nbsp;&nbsp;&nbsp;2978243 |
| Matador Resources Company | &nbsp;&nbsp;17229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731199 |
| Murphy Oil Corp. | &nbsp;&nbsp;32940 | &nbsp;&nbsp;&nbsp;&nbsp;1029375 |
| NACCO Industries, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20744 |
| Navigator Holdings, Ltd. | &nbsp;&nbsp;&nbsp;3136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54316 |
| Neste OYJ | &nbsp;&nbsp;48842 | &nbsp;&nbsp;&nbsp;&nbsp;1104958 |
| New Fortress Energy, Inc. (A)(C) | &nbsp;&nbsp;17535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19990 |
| NextDecade Corp. (A) | &nbsp;&nbsp;13450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70882 |
| Nordic American Tankers, Ltd. | &nbsp;&nbsp;19841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68253 |
| Northern Oil and Gas, Inc. | &nbsp;&nbsp;&nbsp;9375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201281 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;43817 | &nbsp;&nbsp;&nbsp;&nbsp;1801755 |
| OMV AG | &nbsp;&nbsp;17002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946117 |
| ONEOK, Inc. | &nbsp;&nbsp;38335 | &nbsp;&nbsp;&nbsp;&nbsp;2817623 |
| Ovintiv, Inc. | &nbsp;&nbsp;37353 | &nbsp;&nbsp;&nbsp;&nbsp;1463864 |
| Par Pacific Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;4852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170499 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;20310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550807 |
| Peabody Energy Corp. | &nbsp;&nbsp;11917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353935 |
| Permian Resources Corp. | 102414 | &nbsp;&nbsp;&nbsp;&nbsp;1436868 |
| Phillips 66 | &nbsp;&nbsp;24547 | &nbsp;&nbsp;&nbsp;&nbsp;3167545 |
| Range Resources Corp. | &nbsp;&nbsp;34946 | &nbsp;&nbsp;&nbsp;&nbsp;1232196 |
| Repsol SA | 130268 | &nbsp;&nbsp;&nbsp;&nbsp;2430594 |
| REX American Resources Corp. (A) | &nbsp;&nbsp;&nbsp;2835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91627 |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp;&nbsp;1552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40973 |
| Sable Offshore Corp. (A) | &nbsp;&nbsp;&nbsp;7343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66234 |
| SandRidge Energy, Inc. | &nbsp;&nbsp;&nbsp;3585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51732 |
| Santos, Ltd. | 374944 | &nbsp;&nbsp;&nbsp;&nbsp;1539965 |
| Scorpio Tankers, Inc. | &nbsp;&nbsp;&nbsp;4385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222890 |
| SFL Corp., Ltd. | &nbsp;&nbsp;11860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92627 |
| Shell PLC | 668709 | &nbsp;&nbsp;&nbsp;24643436 |
| SM Energy Company | &nbsp;&nbsp;11154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208580 |
| Summit Midstream Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26333 |
| Talos Energy, Inc. (A) | &nbsp;&nbsp;12948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142687 |
| Targa Resources Corp. | &nbsp;&nbsp;13078 | &nbsp;&nbsp;&nbsp;&nbsp;2412891 |
| Teekay Corp., Ltd. | &nbsp;&nbsp;&nbsp;5196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46920 |
| Teekay Tankers, Ltd., Class A | &nbsp;&nbsp;&nbsp;2326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124255 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;3528 | &nbsp;&nbsp;&nbsp;&nbsp;1013312 |
| The Williams Companies, Inc. | &nbsp;&nbsp;74399 | &nbsp;&nbsp;&nbsp;&nbsp;4472124 |
| TotalEnergies SE | 229269 | &nbsp;&nbsp;&nbsp;14947878 |
| Uranium Energy Corp. (A) | &nbsp;&nbsp;46526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543424 |
| VAALCO Energy, Inc. | &nbsp;&nbsp;10755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39148 |
| Valero Energy Corp. | &nbsp;&nbsp;18582 | &nbsp;&nbsp;&nbsp;&nbsp;3024964 |
| Viper Energy, Inc., Class A | &nbsp;&nbsp;24842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959646 |
| Vitesse Energy, Inc. (C) | &nbsp;&nbsp;&nbsp;2941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56644 |
| W&T Offshore, Inc. (C) | &nbsp;&nbsp;11060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18028 |
| Woodside Energy Group, Ltd. | 219476 | &nbsp;&nbsp;&nbsp;&nbsp;3422202 |
| World Kinect Corp. | &nbsp;&nbsp;&nbsp;5299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124156 |
|  |  | 187667342 |
|  |  | 206047197 |
| **Financials – 17.3%** |  |  |
| **Banks – 7.8%** | **Banks – 7.8%** |  |
| 1st Source Corp. | &nbsp;&nbsp;&nbsp;1830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114357 |
| ABN AMRO Bank NV (B) | &nbsp;&nbsp;67321 | &nbsp;&nbsp;&nbsp;&nbsp;2352120 |
| ACNB Corp. | &nbsp;&nbsp;&nbsp;1004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48543 |
| AIB Group PLC | 246682 | &nbsp;&nbsp;&nbsp;&nbsp;2637116 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71043 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;&nbsp;3638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70977 |
| Ameris Bancorp | &nbsp;&nbsp;&nbsp;6320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469386 |
| Ames National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22042 |
| ANZ Group Holdings, Ltd. | 344437 | &nbsp;&nbsp;&nbsp;&nbsp;8327662 |
| Arrow Financial Corp. | &nbsp;&nbsp;&nbsp;1632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51245 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 122 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Associated Banc-Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39954 | $&nbsp;&nbsp;&nbsp;1029215 |
| Atlantic Union Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13726 | &nbsp;&nbsp;&nbsp;&nbsp;484528 |
| Axos Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5271 | &nbsp;&nbsp;&nbsp;&nbsp;454149 |
| Banc of California, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12170 | &nbsp;&nbsp;&nbsp;&nbsp;234759 |
| Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;228003 | &nbsp;&nbsp;&nbsp;2427592 |
| BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2069 | &nbsp;&nbsp;&nbsp;&nbsp;219355 |
| Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp;665352 | 15607294 |
| Banco BPM SpA | &nbsp;&nbsp;131192 | &nbsp;&nbsp;&nbsp;1992140 |
| Banco Comercial Portugues SA | &nbsp;&nbsp;872431 | &nbsp;&nbsp;&nbsp;&nbsp;918371 |
| Banco de Sabadell SA | &nbsp;&nbsp;579967 | &nbsp;&nbsp;&nbsp;2285562 |
| Banco Santander SA | 1718460 | 20227113 |
| Bank First Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894 | &nbsp;&nbsp;&nbsp;&nbsp;108907 |
| Bank Hapoalim BM | &nbsp;&nbsp;144376 | &nbsp;&nbsp;&nbsp;3265360 |
| Bank Leumi Le-Israel BM | &nbsp;&nbsp;171911 | &nbsp;&nbsp;&nbsp;3788522 |
| Bank of America Corp. | &nbsp;&nbsp;409293 | 22511115 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3748 | &nbsp;&nbsp;&nbsp;&nbsp;256251 |
| Bank of Ireland Group PLC | &nbsp;&nbsp;110153 | &nbsp;&nbsp;&nbsp;2106709 |
| Bank of Marin Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;1551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40342 |
| Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;15617 | &nbsp;&nbsp;&nbsp;&nbsp;718694 |
| Bank7 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18441 |
| BankFinancial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19068 |
| Bankinter SA | &nbsp;&nbsp;&nbsp;&nbsp;77828 | &nbsp;&nbsp;&nbsp;1290014 |
| BankUnited, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7220 | &nbsp;&nbsp;&nbsp;&nbsp;321795 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32211 |
| Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3236 | &nbsp;&nbsp;&nbsp;&nbsp;202768 |
| Banque Cantonale Vaudoise | &nbsp;&nbsp;&nbsp;&nbsp;3477 | &nbsp;&nbsp;&nbsp;&nbsp;439562 |
| Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp;&nbsp;1754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54462 |
| Barclays PLC | 1611968 | 10318414 |
| BayCom Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35162 |
| BCB Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19231 |
| Beacon Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8007 | &nbsp;&nbsp;&nbsp;&nbsp;211145 |
| Blue Foundry Bancorp (A) | &nbsp;&nbsp;&nbsp;&nbsp;2294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28514 |
| Blue Ridge Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29019 |
| BNP Paribas SA | &nbsp;&nbsp;116036 | 10977815 |
| BOC Hong Kong Holdings, Ltd. | &nbsp;&nbsp;427209 | &nbsp;&nbsp;&nbsp;2168080 |
| BPER Banca SpA | &nbsp;&nbsp;170081 | &nbsp;&nbsp;&nbsp;2298216 |
| Bridgewater Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38794 |
| Burke & Herbert Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83122 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75231 |
| BV Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16399 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90890 |
| C&F Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21922 |
| Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp;45378 | &nbsp;&nbsp;&nbsp;1943994 |
| CaixaBank SA | &nbsp;&nbsp;449903 | &nbsp;&nbsp;&nbsp;5500569 |
| California BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;2221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41466 |
| Camden National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72358 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36649 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62918 |
| Capitol Federal Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82040 |
| Carter Bankshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45926 |
| Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;6390 | &nbsp;&nbsp;&nbsp;&nbsp;309212 |
| CB Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16593 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79240 |
| CF Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13224 |
| Chemung Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26003 |
| ChoiceOne Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40826 |
| Citigroup, Inc. | &nbsp;&nbsp;109008 | 12720144 |
| Citizens & Northern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38283 |
| Citizens Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17980 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26166 | &nbsp;&nbsp;&nbsp;1528356 |
| Citizens Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26229 |
| City Holding Company | &nbsp;&nbsp;&nbsp;&nbsp;1341 | &nbsp;&nbsp;&nbsp;&nbsp;159847 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43751 |
| CNB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74244 |
| Coastal Financial Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1258 | &nbsp;&nbsp;&nbsp;&nbsp;144154 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| CoastalSouth Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;611 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14206 |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;&nbsp;1917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34161 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;44118 | &nbsp;&nbsp;&nbsp;1233098 |
| Columbia Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;3069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47692 |
| Comerica, Inc. | &nbsp;&nbsp;18841 | &nbsp;&nbsp;&nbsp;1637848 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;19071 | &nbsp;&nbsp;&nbsp;&nbsp;998168 |
| Commercial Bancgroup, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21048 |
| Commerzbank AG | &nbsp;&nbsp;84608 | &nbsp;&nbsp;&nbsp;3570848 |
| Commonwealth Bank of Australia | 193196 | 20621552 |
| Community Financial System, Inc. | &nbsp;&nbsp;&nbsp;5175 | &nbsp;&nbsp;&nbsp;&nbsp;297252 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91869 |
| Community West Bancshares | &nbsp;&nbsp;&nbsp;1664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37440 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;&nbsp;4691 | &nbsp;&nbsp;&nbsp;&nbsp;122998 |
| Credit Agricole SA | 123191 | &nbsp;&nbsp;&nbsp;2536239 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;9431 | &nbsp;&nbsp;&nbsp;1194248 |
| Customers Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;3091 | &nbsp;&nbsp;&nbsp;&nbsp;226014 |
| CVB Financial Corp. | &nbsp;&nbsp;12780 | &nbsp;&nbsp;&nbsp;&nbsp;237708 |
| Danske Bank A/S | &nbsp;&nbsp;77118 | &nbsp;&nbsp;&nbsp;3850986 |
| DBS Group Holdings, Ltd. | 245700 | 10762795 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;&nbsp;3919 | &nbsp;&nbsp;&nbsp;&nbsp;117923 |
| DNB Bank ASA | 102351 | &nbsp;&nbsp;&nbsp;2851577 |
| Eagle Bancorp Montana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15960 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;&nbsp;2786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59676 |
| Eagle Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18544 |
| East West Bancorp, Inc. | &nbsp;&nbsp;20293 | &nbsp;&nbsp;&nbsp;2280730 |
| Eastern Bankshares, Inc. | &nbsp;&nbsp;21364 | &nbsp;&nbsp;&nbsp;&nbsp;393739 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;3580 | &nbsp;&nbsp;&nbsp;&nbsp;193320 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;&nbsp;1556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69475 |
| Erste Group Bank AG | &nbsp;&nbsp;35544 | &nbsp;&nbsp;&nbsp;4262059 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71143 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35646 |
| Farmers National Banc Corp. | &nbsp;&nbsp;&nbsp;4065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54146 |
| FB Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;1755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22552 |
| FB Financial Corp. | &nbsp;&nbsp;&nbsp;4019 | &nbsp;&nbsp;&nbsp;&nbsp;224260 |
| Fidelity D&D Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21852 |
| Fifth Third Bancorp | &nbsp;&nbsp;40270 | &nbsp;&nbsp;&nbsp;1885039 |
| Financial Institutions, Inc. | &nbsp;&nbsp;&nbsp;1916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59722 |
| FinecoBank SpA | &nbsp;&nbsp;70604 | &nbsp;&nbsp;&nbsp;1829318 |
| Finward Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13267 |
| First Bancorp (North Carolina) | &nbsp;&nbsp;&nbsp;3924 | &nbsp;&nbsp;&nbsp;&nbsp;199300 |
| First Bancorp (Puerto Rico) | &nbsp;&nbsp;15518 | &nbsp;&nbsp;&nbsp;&nbsp;321688 |
| First Bank | &nbsp;&nbsp;&nbsp;2323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38237 |
| First Busey Corp. | &nbsp;&nbsp;&nbsp;8109 | &nbsp;&nbsp;&nbsp;&nbsp;192913 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43712 |
| First Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20483 |
| First Commonwealth Financial Corp. | &nbsp;&nbsp;10169 | &nbsp;&nbsp;&nbsp;&nbsp;171449 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;&nbsp;1797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60613 |
| First Community Corp. | &nbsp;&nbsp;&nbsp;&nbsp;736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21822 |
| First Financial Bancorp | &nbsp;&nbsp;&nbsp;9327 | &nbsp;&nbsp;&nbsp;&nbsp;233362 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;32432 | &nbsp;&nbsp;&nbsp;&nbsp;968744 |
| First Financial Corp. | &nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63441 |
| First Foundation, Inc. (A) | &nbsp;&nbsp;&nbsp;6450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39732 |
| First Horizon Corp. | &nbsp;&nbsp;72623 | &nbsp;&nbsp;&nbsp;1735690 |
| First Internet Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19680 |
| First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp;8488 | &nbsp;&nbsp;&nbsp;&nbsp;293685 |
| First Merchants Corp. | &nbsp;&nbsp;&nbsp;5640 | &nbsp;&nbsp;&nbsp;&nbsp;211387 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;&nbsp;2277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88803 |
| First National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20268 |
| First Savings Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17650 |
| First United Corp. | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22277 |
| First Western Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22038 |
| Firstsun Capital Bancorp (A) | &nbsp;&nbsp;&nbsp;1284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48323 |
| Five Star Bancorp | &nbsp;&nbsp;&nbsp;1631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58357 |
| Flagstar Bank NA | &nbsp;&nbsp;73699 | &nbsp;&nbsp;&nbsp;&nbsp;927870 |
| Flushing Financial Corp. | &nbsp;&nbsp;&nbsp;3031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45980 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 123 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| FNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52823 | $&nbsp;&nbsp;&nbsp;&nbsp;903273 |
| Franklin Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20030 |
| FS Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30054 |
| Fulton Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17282 | &nbsp;&nbsp;&nbsp;&nbsp;334061 |
| FVCBankcorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25163 |
| GBank Financial Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30874 |
| German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3626 | &nbsp;&nbsp;&nbsp;&nbsp;142067 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31419 | &nbsp;&nbsp;&nbsp;1384007 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53311 |
| Greene County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18362 |
| Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20384 | &nbsp;&nbsp;&nbsp;1298053 |
| Hang Seng Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;86619 | &nbsp;&nbsp;&nbsp;1708783 |
| Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78738 |
| Hawthorn Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21556 |
| HBT Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33864 |
| Heritage Commerce Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67100 |
| Heritage Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78778 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4230 | &nbsp;&nbsp;&nbsp;&nbsp;143566 |
| Home Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39766 |
| Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45052 | &nbsp;&nbsp;&nbsp;1251545 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71452 |
| Hope Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12155 | &nbsp;&nbsp;&nbsp;&nbsp;133219 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86801 |
| HSBC Holdings PLC | 1987374 | 31273183 |
| Huntington Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95780 | &nbsp;&nbsp;&nbsp;1661783 |
| Independent Bank Corp. (Massachusetts) | &nbsp;&nbsp;&nbsp;&nbsp;4827 | &nbsp;&nbsp;&nbsp;&nbsp;352757 |
| Independent Bank Corp. (Michigan) | &nbsp;&nbsp;&nbsp;&nbsp;1910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62132 |
| ING Groep NV | &nbsp;&nbsp;348828 | &nbsp;&nbsp;&nbsp;9804937 |
| International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13284 | &nbsp;&nbsp;&nbsp;&nbsp;882589 |
| Intesa Sanpaolo SpA | 1644301 | 11362287 |
| Investar Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24395 |
| Israel Discount Bank, Ltd., Class A | &nbsp;&nbsp;141218 | &nbsp;&nbsp;&nbsp;1499670 |
| Japan Post Bank Company, Ltd. | &nbsp;&nbsp;206413 | &nbsp;&nbsp;&nbsp;2905691 |
| John Marshall Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26027 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;165846 | 53438898 |
| KBC Group NV | &nbsp;&nbsp;&nbsp;&nbsp;26512 | &nbsp;&nbsp;&nbsp;3452815 |
| Kearny Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40681 |
| KeyCorp | &nbsp;&nbsp;&nbsp;&nbsp;56596 | &nbsp;&nbsp;&nbsp;1168141 |
| Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2465 | &nbsp;&nbsp;&nbsp;&nbsp;140653 |
| Landmark Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12833 |
| LCNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24142 |
| LINKBANCORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18932 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3487 | &nbsp;&nbsp;&nbsp;&nbsp;119778 |
| Lloyds Banking Group PLC | 6834757 | &nbsp;&nbsp;&nbsp;9040430 |
| M&T Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9364 | &nbsp;&nbsp;&nbsp;1886659 |
| MainStreet Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16369 |
| Mechanics Bancorp, Class A | &nbsp;&nbsp;&nbsp;&nbsp;4798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70195 |
| Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76527 |
| Meridian Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16613 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59503 |
| Metropolitan Bank Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66815 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59155 |
| Middlefield Banc Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26941 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44775 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61331 |
| Mitsubishi UFJ Financial Group, Inc. | 1323518 | 21005648 |
| Mizrahi Tefahot Bank, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;18006 | &nbsp;&nbsp;&nbsp;1258028 |
| Mizuho Financial Group, Inc. | &nbsp;&nbsp;287445 | 10490178 |
| MVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29730 |
| National Australia Bank, Ltd. | &nbsp;&nbsp;353617 | &nbsp;&nbsp;&nbsp;9942556 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3667 | &nbsp;&nbsp;&nbsp;&nbsp;139383 |
| National Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23773 |
| NatWest Group PLC | &nbsp;&nbsp;927631 | &nbsp;&nbsp;&nbsp;8137438 |
| NB Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78990 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5007 | &nbsp;&nbsp;&nbsp;&nbsp;207891 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Nicolet Bankshares, Inc. | &nbsp;&nbsp;&nbsp;1289 | $&nbsp;&nbsp;&nbsp;&nbsp;156356 |
| Nordea Bank ABP | 358522 | 6745321 |
| Northeast Bank | &nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;75557 |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1299 | &nbsp;&nbsp;&nbsp;&nbsp;29370 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;&nbsp;3767 | &nbsp;&nbsp;&nbsp;&nbsp;43057 |
| Northpointe Bancshares, Inc. | &nbsp;&nbsp;&nbsp;2030 | &nbsp;&nbsp;&nbsp;&nbsp;34063 |
| Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp;2033 | &nbsp;&nbsp;&nbsp;&nbsp;54098 |
| Northwest Bancshares, Inc. | &nbsp;&nbsp;13672 | &nbsp;&nbsp;&nbsp;&nbsp;164064 |
| Norwood Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;923 | &nbsp;&nbsp;&nbsp;&nbsp;25890 |
| Oak Valley Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;738 | &nbsp;&nbsp;&nbsp;&nbsp;22184 |
| OceanFirst Financial Corp. | &nbsp;&nbsp;&nbsp;5433 | &nbsp;&nbsp;&nbsp;&nbsp;97522 |
| OFG Bancorp | &nbsp;&nbsp;&nbsp;4261 | &nbsp;&nbsp;&nbsp;&nbsp;174616 |
| Ohio Valley Banc Corp. | &nbsp;&nbsp;&nbsp;&nbsp;409 | &nbsp;&nbsp;&nbsp;&nbsp;16352 |
| Old National Bancorp | &nbsp;&nbsp;84903 | 1894186 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp;4958 | &nbsp;&nbsp;&nbsp;&nbsp;96681 |
| OP Bancorp | &nbsp;&nbsp;&nbsp;1276 | &nbsp;&nbsp;&nbsp;&nbsp;18017 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1203 | &nbsp;&nbsp;&nbsp;&nbsp;34346 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp;2905 | &nbsp;&nbsp;&nbsp;&nbsp;109257 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp;60037 |
| Oversea-Chinese Banking Corp., Ltd. | 390931 | 6005960 |
| Park National Corp. | &nbsp;&nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;221878 |
| Parke Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1138 | &nbsp;&nbsp;&nbsp;&nbsp;28496 |
| Pathward Financial, Inc. | &nbsp;&nbsp;&nbsp;2179 | &nbsp;&nbsp;&nbsp;&nbsp;154709 |
| Patriot National Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;6890 | &nbsp;&nbsp;&nbsp;&nbsp;12540 |
| PCB Bancorp | &nbsp;&nbsp;&nbsp;1237 | &nbsp;&nbsp;&nbsp;&nbsp;26781 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;&nbsp;1584 | &nbsp;&nbsp;&nbsp;&nbsp;44114 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;&nbsp;3428 | &nbsp;&nbsp;&nbsp;&nbsp;102943 |
| Peoples Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;953 | &nbsp;&nbsp;&nbsp;&nbsp;46421 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;11345 | 1082426 |
| Pioneer Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;1189 | &nbsp;&nbsp;&nbsp;&nbsp;16028 |
| Plumas Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;717 | &nbsp;&nbsp;&nbsp;&nbsp;32043 |
| Ponce Financial Group, Inc. (A) | &nbsp;&nbsp;&nbsp;2113 | &nbsp;&nbsp;&nbsp;&nbsp;34548 |
| Preferred Bank | &nbsp;&nbsp;&nbsp;1104 | &nbsp;&nbsp;&nbsp;&nbsp;104251 |
| Primis Financial Corp. | &nbsp;&nbsp;&nbsp;2366 | &nbsp;&nbsp;&nbsp;&nbsp;32911 |
| Princeton Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;604 | &nbsp;&nbsp;&nbsp;&nbsp;20953 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;14010 | &nbsp;&nbsp;&nbsp;&nbsp;968231 |
| Provident Financial Services, Inc. | &nbsp;&nbsp;12599 | &nbsp;&nbsp;&nbsp;&nbsp;248830 |
| QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;1597 | &nbsp;&nbsp;&nbsp;&nbsp;133030 |
| Raiffeisen Bank International AG | &nbsp;&nbsp;15190 | &nbsp;&nbsp;&nbsp;&nbsp;676815 |
| RBB Bancorp | &nbsp;&nbsp;&nbsp;1763 | &nbsp;&nbsp;&nbsp;&nbsp;36388 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;484 | &nbsp;&nbsp;&nbsp;&nbsp;34572 |
| Regions Financial Corp. | &nbsp;&nbsp;53418 | 1447628 |
| Renasant Corp. | &nbsp;&nbsp;&nbsp;9085 | &nbsp;&nbsp;&nbsp;&nbsp;319974 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;846 | &nbsp;&nbsp;&nbsp;&nbsp;58366 |
| Resona Holdings, Inc. | 239716 | 2281548 |
| Richmond Mutual BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;936 | &nbsp;&nbsp;&nbsp;&nbsp;13141 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;&nbsp;3708 | &nbsp;&nbsp;&nbsp;&nbsp;145910 |
| Seacoast Banking Corp. of Florida | &nbsp;&nbsp;&nbsp;8439 | &nbsp;&nbsp;&nbsp;&nbsp;265153 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp;5059 | &nbsp;&nbsp;&nbsp;&nbsp;363186 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;&nbsp;3164 | &nbsp;&nbsp;&nbsp;&nbsp;55940 |
| Sierra Bancorp | &nbsp;&nbsp;&nbsp;1340 | &nbsp;&nbsp;&nbsp;&nbsp;43791 |
| Simmons First National Corp., Class A | &nbsp;&nbsp;14200 | &nbsp;&nbsp;&nbsp;&nbsp;267670 |
| Skandinaviska Enskilda Banken AB, A Shares | 174775 | 3684901 |
| SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp;1509 | &nbsp;&nbsp;&nbsp;&nbsp;55818 |
| Societe Generale SA | &nbsp;&nbsp;81582 | 6567675 |
| South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp;1359 | &nbsp;&nbsp;&nbsp;&nbsp;52729 |
| Southern First Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;39104 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;969 | &nbsp;&nbsp;&nbsp;&nbsp;57287 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;&nbsp;2937 | &nbsp;&nbsp;&nbsp;&nbsp;89255 |
| SouthState Bank Corp. | &nbsp;&nbsp;14825 | 1395181 |
| SR Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;792 | &nbsp;&nbsp;&nbsp;&nbsp;12466 |
| Standard Chartered PLC | 224669 | 5482022 |
| Stellar Bancorp, Inc. | &nbsp;&nbsp;&nbsp;4565 | &nbsp;&nbsp;&nbsp;&nbsp;141241 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;2605 | &nbsp;&nbsp;&nbsp;&nbsp;169195 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 124 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Sumitomo Mitsui Financial Group, Inc. | 423059 | $&nbsp;&nbsp;&nbsp;13606175 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;73291 | &nbsp;&nbsp;&nbsp;&nbsp;2233532 |
| Svenska Handelsbanken AB, A Shares | 168388 | &nbsp;&nbsp;&nbsp;&nbsp;2439526 |
| Swedbank AB, A Shares | &nbsp;&nbsp;98014 | &nbsp;&nbsp;&nbsp;&nbsp;3400597 |
| Synovus Financial Corp. | &nbsp;&nbsp;20474 | &nbsp;&nbsp;&nbsp;&nbsp;1024724 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;11092 | &nbsp;&nbsp;&nbsp;&nbsp;1004270 |
| The Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;4121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278250 |
| The Bank of NT Butterfield & Son, Ltd. | &nbsp;&nbsp;&nbsp;4049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201721 |
| The Chiba Bank, Ltd. | &nbsp;&nbsp;65095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726481 |
| The First Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35853 |
| The Hingham Institution for Savings (C) | &nbsp;&nbsp;&nbsp;&nbsp;157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44582 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;23891 | &nbsp;&nbsp;&nbsp;&nbsp;4986768 |
| Third Coast Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;1265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48083 |
| Timberland Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29929 |
| Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;1340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97177 |
| Towne Bank | &nbsp;&nbsp;&nbsp;7292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243334 |
| TriCo Bancshares | &nbsp;&nbsp;&nbsp;3027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143389 |
| Triumph Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;2229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139602 |
| Truist Financial Corp. | &nbsp;&nbsp;77932 | &nbsp;&nbsp;&nbsp;&nbsp;3835034 |
| Trustmark Corp. | &nbsp;&nbsp;&nbsp;5402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210408 |
| U.S. Bancorp | &nbsp;&nbsp;94698 | &nbsp;&nbsp;&nbsp;&nbsp;5053085 |
| UMB Financial Corp. | &nbsp;&nbsp;17518 | &nbsp;&nbsp;&nbsp;&nbsp;2015271 |
| UniCredit SpA | 161846 | &nbsp;&nbsp;&nbsp;13405169 |
| United Bankshares, Inc. | &nbsp;&nbsp;33957 | &nbsp;&nbsp;&nbsp;&nbsp;1303949 |
| United Community Banks, Inc. | &nbsp;&nbsp;11944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372892 |
| United Overseas Bank, Ltd. | 144703 | &nbsp;&nbsp;&nbsp;&nbsp;3941061 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38738 |
| Univest Financial Corp. | &nbsp;&nbsp;&nbsp;2882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94357 |
| USCB Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23946 |
| Valley National Bancorp | 117229 | &nbsp;&nbsp;&nbsp;&nbsp;1369235 |
| Virginia National Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20124 |
| WaFd, Inc. | &nbsp;&nbsp;&nbsp;7553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241923 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51653 |
| Webster Financial Corp. | &nbsp;&nbsp;23789 | &nbsp;&nbsp;&nbsp;&nbsp;1497280 |
| Wells Fargo & Company | 191240 | &nbsp;&nbsp;&nbsp;17823568 |
| WesBanco, Inc. | &nbsp;&nbsp;&nbsp;9101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302517 |
| West BanCorp, Inc. | &nbsp;&nbsp;&nbsp;1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36503 |
| Westamerica BanCorp | &nbsp;&nbsp;&nbsp;2339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111874 |
| Western Alliance Bancorp | &nbsp;&nbsp;15224 | &nbsp;&nbsp;&nbsp;&nbsp;1279882 |
| Western New England Bancorp, Inc. | &nbsp;&nbsp;&nbsp;1934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24407 |
| Westpac Banking Corp. | 394868 | &nbsp;&nbsp;&nbsp;10132911 |
| Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;9878 | &nbsp;&nbsp;&nbsp;&nbsp;1381142 |
| WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;5353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295700 |
| Yokohama Financial Group, Inc. | 118928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983179 |
| Zions Bancorp NA | &nbsp;&nbsp;21775 | &nbsp;&nbsp;&nbsp;&nbsp;1274709 |
|  |  | 542253580 |
| **Capital markets – 3.1%** | **Capital markets – 3.1%** |  |
| 3i Group PLC | 114677 | &nbsp;&nbsp;&nbsp;&nbsp;5028451 |
| Acadian Asset Management, Inc. | &nbsp;&nbsp;&nbsp;2624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123328 |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp;4149 | &nbsp;&nbsp;&nbsp;&nbsp;1196074 |
| AlTi Global, Inc. (A) | &nbsp;&nbsp;&nbsp;4615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21414 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;&nbsp;5660 | &nbsp;&nbsp;&nbsp;&nbsp;2775324 |
| Amundi SA (B) | &nbsp;&nbsp;&nbsp;7115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588053 |
| Ares Management Corp., Class A | &nbsp;&nbsp;12551 | &nbsp;&nbsp;&nbsp;&nbsp;2028618 |
| Artisan Partners Asset Management, Inc., Class A | &nbsp;&nbsp;&nbsp;6047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246355 |
| ASX, Ltd. | &nbsp;&nbsp;22432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768121 |
| Bakkt Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14197 |
| BGC Group, Inc., Class A | &nbsp;&nbsp;35305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315274 |
| BlackRock, Inc. | &nbsp;&nbsp;&nbsp;8790 | &nbsp;&nbsp;&nbsp;&nbsp;9408289 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp;6375 | &nbsp;&nbsp;&nbsp;&nbsp;1600125 |
| CME Group, Inc. | &nbsp;&nbsp;21968 | &nbsp;&nbsp;&nbsp;&nbsp;5999021 |
| Cohen & Steers, Inc. | &nbsp;&nbsp;&nbsp;2743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172206 |
| Coinbase Global, Inc., Class A (A) | &nbsp;&nbsp;13900 | &nbsp;&nbsp;&nbsp;&nbsp;3143346 |
| CVC Capital Partners PLC (B) | &nbsp;&nbsp;24542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411018 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Capital markets (continued)** | **Capital markets (continued)** |  |
| Daiwa Securities Group, Inc. | 154004 | $&nbsp;&nbsp;&nbsp;1349659 |
| Deutsche Bank AG | 213674 | &nbsp;&nbsp;&nbsp;8234807 |
| Deutsche Boerse AG | &nbsp;&nbsp;21739 | &nbsp;&nbsp;&nbsp;5713471 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44918 |
| DigitalBridge Group, Inc. | &nbsp;&nbsp;17348 | &nbsp;&nbsp;&nbsp;&nbsp;266118 |
| Donnelley Financial Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;2508 | &nbsp;&nbsp;&nbsp;&nbsp;117099 |
| EQT AB | &nbsp;&nbsp;57013 | &nbsp;&nbsp;&nbsp;2227272 |
| Euronext NV (B) | &nbsp;&nbsp;&nbsp;8792 | &nbsp;&nbsp;&nbsp;1320715 |
| Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp;5705 | &nbsp;&nbsp;&nbsp;1941126 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;2282 | &nbsp;&nbsp;&nbsp;&nbsp;662214 |
| Federated Hermes, Inc. | &nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp;&nbsp;567563 |
| Forge Global Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48303 |
| Franklin Resources, Inc. | &nbsp;&nbsp;18727 | &nbsp;&nbsp;&nbsp;&nbsp;447388 |
| Futu Holdings, Ltd., ADR (A) | &nbsp;&nbsp;&nbsp;6565 | &nbsp;&nbsp;&nbsp;1078039 |
| GCM Grosvenor, Inc., Class A | &nbsp;&nbsp;&nbsp;5418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61332 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;&nbsp;6031 | &nbsp;&nbsp;&nbsp;&nbsp;810024 |
| Hong Kong Exchanges & Clearing, Ltd. | 139049 | &nbsp;&nbsp;&nbsp;7275231 |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;8040 | &nbsp;&nbsp;&nbsp;1400488 |
| Innventure, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11788 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;27133 | &nbsp;&nbsp;&nbsp;1744923 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;34737 | &nbsp;&nbsp;&nbsp;5626005 |
| Invesco, Ltd. | &nbsp;&nbsp;27117 | &nbsp;&nbsp;&nbsp;&nbsp;712364 |
| Janus Henderson Group PLC | &nbsp;&nbsp;18227 | &nbsp;&nbsp;&nbsp;&nbsp;867058 |
| Japan Exchange Group, Inc. | 114564 | &nbsp;&nbsp;&nbsp;1222805 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;24340 | &nbsp;&nbsp;&nbsp;1508350 |
| Julius Baer Group, Ltd. | &nbsp;&nbsp;23782 | &nbsp;&nbsp;&nbsp;1858106 |
| KKR & Company, Inc. | &nbsp;&nbsp;41814 | &nbsp;&nbsp;&nbsp;5330449 |
| London Stock Exchange Group PLC | &nbsp;&nbsp;53938 | &nbsp;&nbsp;&nbsp;6488123 |
| Macquarie Group, Ltd. | &nbsp;&nbsp;41801 | &nbsp;&nbsp;&nbsp;5648573 |
| Marex Group PLC | &nbsp;&nbsp;&nbsp;5344 | &nbsp;&nbsp;&nbsp;&nbsp;204996 |
| Miami International Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2334 | &nbsp;&nbsp;&nbsp;&nbsp;103583 |
| Moelis & Company, Class A | &nbsp;&nbsp;&nbsp;7216 | &nbsp;&nbsp;&nbsp;&nbsp;496028 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;9347 | &nbsp;&nbsp;&nbsp;4774915 |
| Morgan Stanley | &nbsp;&nbsp;73586 | 13063723 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;3518 | &nbsp;&nbsp;&nbsp;&nbsp;764497 |
| MSCI, Inc. | &nbsp;&nbsp;&nbsp;4578 | &nbsp;&nbsp;&nbsp;2626536 |
| Nasdaq, Inc. | &nbsp;&nbsp;27481 | &nbsp;&nbsp;&nbsp;2669230 |
| Nomura Holdings, Inc. | 346961 | &nbsp;&nbsp;&nbsp;2890348 |
| Northern Trust Corp. | &nbsp;&nbsp;11521 | &nbsp;&nbsp;&nbsp;1573653 |
| Open Lending Corp. (A) | &nbsp;&nbsp;10892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16883 |
| P10, Inc., Class A | &nbsp;&nbsp;&nbsp;5704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55956 |
| Partners Group Holding AG | &nbsp;&nbsp;&nbsp;2620 | &nbsp;&nbsp;&nbsp;3214689 |
| Patria Investments, Ltd., Class A | &nbsp;&nbsp;&nbsp;6510 | &nbsp;&nbsp;&nbsp;&nbsp;103444 |
| Perella Weinberg Partners | &nbsp;&nbsp;&nbsp;6147 | &nbsp;&nbsp;&nbsp;&nbsp;106343 |
| Piper Sandler Companies | &nbsp;&nbsp;&nbsp;1696 | &nbsp;&nbsp;&nbsp;&nbsp;576148 |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;&nbsp;2229 | &nbsp;&nbsp;&nbsp;&nbsp;372689 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;10742 | &nbsp;&nbsp;&nbsp;1725058 |
| Robinhood Markets, Inc., Class A (A) | &nbsp;&nbsp;47906 | &nbsp;&nbsp;&nbsp;5418169 |
| S&P Global, Inc. | &nbsp;&nbsp;18886 | &nbsp;&nbsp;&nbsp;9869635 |
| SBI Holdings, Inc. | &nbsp;&nbsp;64812 | &nbsp;&nbsp;&nbsp;1396698 |
| Schroders PLC | &nbsp;&nbsp;83679 | &nbsp;&nbsp;&nbsp;&nbsp;457428 |
| SEI Investments Company | &nbsp;&nbsp;13724 | &nbsp;&nbsp;&nbsp;1125642 |
| Silvercrest Asset Management Group, Inc., Class A | &nbsp;&nbsp;&nbsp;1144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17377 |
| Singapore Exchange, Ltd. | &nbsp;&nbsp;98974 | &nbsp;&nbsp;&nbsp;1302886 |
| State Street Corp. | &nbsp;&nbsp;17016 | &nbsp;&nbsp;&nbsp;2195234 |
| StepStone Group, Inc., Class A | &nbsp;&nbsp;&nbsp;6818 | &nbsp;&nbsp;&nbsp;&nbsp;437511 |
| Stifel Financial Corp. | &nbsp;&nbsp;15019 | &nbsp;&nbsp;&nbsp;1880679 |
| StoneX Group, Inc. (A) | &nbsp;&nbsp;&nbsp;4771 | &nbsp;&nbsp;&nbsp;&nbsp;453865 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;13295 | &nbsp;&nbsp;&nbsp;1361142 |
| The Bank of New York Mellon Corp. | &nbsp;&nbsp;42484 | &nbsp;&nbsp;&nbsp;4931968 |
| The Blackstone Group, Inc. | &nbsp;&nbsp;44988 | &nbsp;&nbsp;&nbsp;6934450 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;38273 | &nbsp;&nbsp;&nbsp;2262317 |
| The Charles Schwab Corp. | 101759 | 10166742 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;18272 | 16061088 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 125 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Capital markets (continued)** | **Capital markets (continued)** |  |
| UBS Group AG | 366486 | $&nbsp;&nbsp;&nbsp;16922333 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;4295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270972 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100827 |
| Webull Corp. (A) | &nbsp;&nbsp;26621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206845 |
| Westwood Holdings Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14955 |
| WisdomTree, Inc. | &nbsp;&nbsp;11945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145610 |
|  |  | 217696617 |
| **Consumer finance – 0.4%** | **Consumer finance – 0.4%** |  |
| Ally Financial, Inc. | &nbsp;&nbsp;41346 | &nbsp;&nbsp;&nbsp;&nbsp;1872560 |
| American Express Company | &nbsp;&nbsp;32734 | &nbsp;&nbsp;&nbsp;12109943 |
| Atlanticus Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35885 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;4423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327435 |
| Capital One Financial Corp. | &nbsp;&nbsp;38730 | &nbsp;&nbsp;&nbsp;&nbsp;9386603 |
| Dave, Inc. (A) | &nbsp;&nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223403 |
| Encore Capital Group, Inc. (A) | &nbsp;&nbsp;&nbsp;2185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118755 |
| Enova International, Inc. (A) | &nbsp;&nbsp;&nbsp;2343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368320 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;&nbsp;9579 | &nbsp;&nbsp;&nbsp;&nbsp;1526701 |
| Green Dot Corp., Class A (A) | &nbsp;&nbsp;&nbsp;5205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66676 |
| Jefferson Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19078 |
| LendingClub Corp. (A) | &nbsp;&nbsp;11011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208548 |
| LendingTree, Inc. (A) | &nbsp;&nbsp;&nbsp;1070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56806 |
| Medallion Financial Corp. | &nbsp;&nbsp;&nbsp;1843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18964 |
| Navient Corp. | &nbsp;&nbsp;&nbsp;6667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86671 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp;1091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145059 |
| NerdWallet, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57208 |
| Oportun Financial Corp. (A) | &nbsp;&nbsp;&nbsp;4063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21493 |
| OppFi, Inc. | &nbsp;&nbsp;&nbsp;2598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27175 |
| PRA Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67753 |
| PROG Holdings, Inc. | &nbsp;&nbsp;&nbsp;3834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113065 |
| Regional Management Corp. | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33906 |
| SLM Corp. | &nbsp;&nbsp;29946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;810339 |
| Synchrony Financial | &nbsp;&nbsp;21943 | &nbsp;&nbsp;&nbsp;&nbsp;1830704 |
| Upstart Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363046 |
| World Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41555 |
|  |  | &nbsp;&nbsp;&nbsp;29937651 |
| **Financial services – 2.6%** | **Financial services – 2.6%** |  |
| Acacia Research Corp. (A) | &nbsp;&nbsp;&nbsp;4203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15719 |
| Adyen NV (A)(B) | &nbsp;&nbsp;&nbsp;2911 | &nbsp;&nbsp;&nbsp;&nbsp;4694204 |
| Alerus Financial Corp. | &nbsp;&nbsp;&nbsp;2297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51728 |
| Apollo Global Management, Inc. | &nbsp;&nbsp;28289 | &nbsp;&nbsp;&nbsp;&nbsp;4095116 |
| Banca Mediolanum SpA | &nbsp;&nbsp;25815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586169 |
| Banco Latinoamericano de Comercio Exterior SA, Class E | &nbsp;&nbsp;&nbsp;2746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122472 |
| Berkshire Hathaway, Inc., Class B (A) | 111715 | &nbsp;&nbsp;&nbsp;56153545 |
| Better Home & Finance Holding Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17984 |
| Block, Inc. (A) | &nbsp;&nbsp;33365 | &nbsp;&nbsp;&nbsp;&nbsp;2171728 |
| Burford Capital, Ltd. | &nbsp;&nbsp;19724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175938 |
| Cannae Holdings, Inc. | &nbsp;&nbsp;&nbsp;4778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75158 |
| Cantaloupe, Inc. (A) | &nbsp;&nbsp;&nbsp;5503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58442 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;&nbsp;1201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49866 |
| Compass Diversified Holdings | &nbsp;&nbsp;&nbsp;7106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34109 |
| Corebridge Financial, Inc. | &nbsp;&nbsp;39431 | &nbsp;&nbsp;&nbsp;&nbsp;1189633 |
| Corpay, Inc. (A) | &nbsp;&nbsp;&nbsp;4262 | &nbsp;&nbsp;&nbsp;&nbsp;1282564 |
| Edenred SE | &nbsp;&nbsp;27694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612202 |
| Enact Holdings, Inc. | &nbsp;&nbsp;&nbsp;2814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111547 |
| Equitable Holdings, Inc. | &nbsp;&nbsp;42261 | &nbsp;&nbsp;&nbsp;&nbsp;2013737 |
| Essent Group, Ltd. | &nbsp;&nbsp;23412 | &nbsp;&nbsp;&nbsp;&nbsp;1522014 |
| Euronet Worldwide, Inc. (A) | &nbsp;&nbsp;&nbsp;5767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438926 |
| EVERTEC, Inc. | &nbsp;&nbsp;&nbsp;6352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184780 |
| EXOR NV | &nbsp;&nbsp;10794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916887 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159242 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;31548 | &nbsp;&nbsp;&nbsp;&nbsp;2096680 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Financial services (continued)** | **Financial services (continued)** |  |
| Finance of America Companies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12129 |
| Fiserv, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;32767 | &nbsp;&nbsp;&nbsp;&nbsp;2200959 |
| Flywire Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162373 |
| Global Payments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14423 | &nbsp;&nbsp;&nbsp;&nbsp;1116340 |
| Groupe Bruxelles Lambert NV | &nbsp;&nbsp;&nbsp;&nbsp;9227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820505 |
| HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373388 |
| Industrivarden AB, A Shares | &nbsp;&nbsp;&nbsp;&nbsp;13661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611990 |
| Industrivarden AB, C Shares | &nbsp;&nbsp;&nbsp;&nbsp;18028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806992 |
| Infratil, Ltd. | &nbsp;&nbsp;107434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685554 |
| International Money Express, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40719 |
| Investor AB, B Shares | &nbsp;&nbsp;210337 | &nbsp;&nbsp;&nbsp;&nbsp;7495480 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804737 |
| Jackson Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;6706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715195 |
| L.E. Lundbergforetagen AB, B Shares | &nbsp;&nbsp;&nbsp;&nbsp;8773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484370 |
| LoanDepot, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;8912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18448 |
| M&G PLC | &nbsp;&nbsp;263759 | &nbsp;&nbsp;&nbsp;&nbsp;1015422 |
| Marqeta, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;35695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169551 |
| Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;49954 | &nbsp;&nbsp;&nbsp;28517740 |
| Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;2557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87091 |
| MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;33000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964260 |
| Mitsubishi HC Capital, Inc. | &nbsp;&nbsp;101604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849942 |
| NCR Atleos Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272144 |
| NewtekOne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24947 |
| Nexi SpA (B) | &nbsp;&nbsp;&nbsp;&nbsp;60915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300244 |
| NMI Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309147 |
| Onity Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29306 |
| ORIX Corp. | &nbsp;&nbsp;134260 | &nbsp;&nbsp;&nbsp;&nbsp;3926738 |
| PagSeguro Digital, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;17352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167273 |
| Payoneer Global, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;27350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153707 |
| PayPal Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57001 | &nbsp;&nbsp;&nbsp;&nbsp;3327718 |
| Paysafe, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27118 |
| Paysign, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18422 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373239 |
| Poste Italiane SpA (B) | &nbsp;&nbsp;&nbsp;&nbsp;52775 | &nbsp;&nbsp;&nbsp;&nbsp;1324857 |
| Priority Technology Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15647 |
| Radian Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470461 |
| Remitly Global, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;16502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227728 |
| Repay Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25608 |
| Security National Financial Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16407 |
| Sezzle, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100735 |
| Shift4 Payments, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;9965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627496 |
| Sofina SA | &nbsp;&nbsp;&nbsp;&nbsp;1906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551174 |
| Sony Financial Group, Inc. (A) | &nbsp;&nbsp;701561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747480 |
| StoneCo, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;24443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361512 |
| Triller Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321 |
| TrustCo Bank Corp. NY | &nbsp;&nbsp;&nbsp;&nbsp;1760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72741 |
| Velocity Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26241 |
| Visa, Inc., Class A | &nbsp;&nbsp;102814 | &nbsp;&nbsp;&nbsp;36057898 |
| Voya Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14036 | &nbsp;&nbsp;&nbsp;&nbsp;1045542 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194044 |
| Washington H. Soul Pattinson & Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;39474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976718 |
| Waterstone Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28483 |
| WEX, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753392 |
| Wise PLC, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;76916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921455 |
|  |  | 180259518 |
| **Insurance – 3.3%** | **Insurance – 3.3%** |  |
| Abacus Global Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34448 |
| Admiral Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;30057 | &nbsp;&nbsp;&nbsp;&nbsp;1285774 |
| Aegon, Ltd. | &nbsp;&nbsp;152650 | &nbsp;&nbsp;&nbsp;&nbsp;1187052 |
| Aflac, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28738 | &nbsp;&nbsp;&nbsp;&nbsp;3168939 |
| Ageas SA/NV | &nbsp;&nbsp;&nbsp;&nbsp;17225 | &nbsp;&nbsp;&nbsp;&nbsp;1206798 |
| AIA Group, Ltd. | 1212701 | &nbsp;&nbsp;&nbsp;12482445 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 126 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Allianz SE | &nbsp;&nbsp;44582 | $20613700 |
| American Coastal Insurance Corp. | &nbsp;&nbsp;&nbsp;2352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29706 |
| American Financial Group, Inc. | &nbsp;&nbsp;10210 | &nbsp;&nbsp;&nbsp;1395503 |
| American Integrity Insurance Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16768 |
| American International Group, Inc. | &nbsp;&nbsp;32872 | &nbsp;&nbsp;&nbsp;2812200 |
| AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;1840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70674 |
| Aon PLC, Class A | &nbsp;&nbsp;13094 | &nbsp;&nbsp;&nbsp;4620611 |
| Arch Capital Group, Ltd. (A) | &nbsp;&nbsp;21999 | &nbsp;&nbsp;&nbsp;2110144 |
| Arthur J. Gallagher & Company | &nbsp;&nbsp;15645 | &nbsp;&nbsp;&nbsp;4048770 |
| Aspen Insurance Holdings, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;1504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55798 |
| ASR Nederland NV | &nbsp;&nbsp;18106 | &nbsp;&nbsp;&nbsp;1288256 |
| Assurant, Inc. | &nbsp;&nbsp;&nbsp;3051 | &nbsp;&nbsp;&nbsp;&nbsp;734833 |
| Ategrity Specialty Holdings LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16220 |
| Aviva PLC | 352928 | &nbsp;&nbsp;&nbsp;3245144 |
| AXA SA | 200255 | &nbsp;&nbsp;&nbsp;9608435 |
| Bowhead Specialty Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50830 |
| Brighthouse Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;8432 | &nbsp;&nbsp;&nbsp;&nbsp;546309 |
| Brown & Brown, Inc. | &nbsp;&nbsp;17888 | &nbsp;&nbsp;&nbsp;1425674 |
| Chubb, Ltd. | &nbsp;&nbsp;22298 | &nbsp;&nbsp;&nbsp;6959652 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;&nbsp;9505 | &nbsp;&nbsp;&nbsp;1552357 |
| Citizens, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;4697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22687 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;23346 | &nbsp;&nbsp;&nbsp;&nbsp;991505 |
| Crawford & Company, Class A | &nbsp;&nbsp;&nbsp;1747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19654 |
| Dai-ichi Life Holdings, Inc. | 405879 | &nbsp;&nbsp;&nbsp;3373082 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;&nbsp;1686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33686 |
| eHealth, Inc. (A) | &nbsp;&nbsp;&nbsp;3076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14150 |
| Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp;2146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92643 |
| Erie Indemnity Company, Class A | &nbsp;&nbsp;&nbsp;1548 | &nbsp;&nbsp;&nbsp;&nbsp;443734 |
| Everest Group, Ltd. | &nbsp;&nbsp;&nbsp;2558 | &nbsp;&nbsp;&nbsp;&nbsp;868057 |
| F&G Annuities & Life, Inc. | &nbsp;&nbsp;&nbsp;4344 | &nbsp;&nbsp;&nbsp;&nbsp;134012 |
| Fidelis Insurance Holdings, Ltd. | &nbsp;&nbsp;&nbsp;5424 | &nbsp;&nbsp;&nbsp;&nbsp;106148 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;37589 | &nbsp;&nbsp;&nbsp;2051984 |
| First American Financial Corp. | &nbsp;&nbsp;15029 | &nbsp;&nbsp;&nbsp;&nbsp;923382 |
| Generali | &nbsp;&nbsp;98405 | &nbsp;&nbsp;&nbsp;4112189 |
| Genworth Financial, Inc. (A) | &nbsp;&nbsp;39038 | &nbsp;&nbsp;&nbsp;&nbsp;352513 |
| Gjensidige Forsikring ASA | &nbsp;&nbsp;23090 | &nbsp;&nbsp;&nbsp;&nbsp;690121 |
| Globe Life, Inc. | &nbsp;&nbsp;&nbsp;4850 | &nbsp;&nbsp;&nbsp;&nbsp;678321 |
| Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;171236 |
| Greenlight Capital Re, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;2821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41130 |
| Hamilton Insurance Group, Ltd., Class B (A) | &nbsp;&nbsp;&nbsp;4337 | &nbsp;&nbsp;&nbsp;&nbsp;121002 |
| Hannover Rueck SE | &nbsp;&nbsp;&nbsp;6961 | &nbsp;&nbsp;&nbsp;2166132 |
| HCI Group, Inc. | &nbsp;&nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;200699 |
| Helvetia Baloise Holding AG | &nbsp;&nbsp;&nbsp;9100 | &nbsp;&nbsp;&nbsp;2393419 |
| Heritage Insurance Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69961 |
| Hippo Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51677 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;3968 | &nbsp;&nbsp;&nbsp;&nbsp;183242 |
| Insurance Australia Group, Ltd. | 273064 | &nbsp;&nbsp;&nbsp;1449209 |
| Investors Title Company | &nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31954 |
| James River Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;3853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24505 |
| Japan Post Holdings Company, Ltd. | 205933 | &nbsp;&nbsp;&nbsp;2172883 |
| Japan Post Insurance Company, Ltd. | &nbsp;&nbsp;21463 | &nbsp;&nbsp;&nbsp;&nbsp;645468 |
| Kemper Corp. | &nbsp;&nbsp;&nbsp;8635 | &nbsp;&nbsp;&nbsp;&nbsp;350063 |
| Kingstone Companies, Inc. | &nbsp;&nbsp;&nbsp;1096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18446 |
| Kingsway Financial Services, Inc. (A) | &nbsp;&nbsp;&nbsp;2247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30222 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;3260 | &nbsp;&nbsp;&nbsp;1275051 |
| Legal & General Group PLC | 657750 | &nbsp;&nbsp;&nbsp;2315014 |
| Lemonade, Inc. (A) | &nbsp;&nbsp;&nbsp;5894 | &nbsp;&nbsp;&nbsp;&nbsp;419535 |
| Loews Corp. | &nbsp;&nbsp;10324 | &nbsp;&nbsp;&nbsp;1087220 |
| Mapfre SA | 106657 | &nbsp;&nbsp;&nbsp;&nbsp;535225 |
| Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;29846 | &nbsp;&nbsp;&nbsp;5537030 |
| MBIA, Inc. (A) | &nbsp;&nbsp;&nbsp;4615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33043 |
| Medibank Private, Ltd. | 317930 | &nbsp;&nbsp;&nbsp;1014629 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Mercury General Corp. | &nbsp;&nbsp;&nbsp;2605 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245026 |
| MetLife, Inc. | &nbsp;&nbsp;33719 | &nbsp;&nbsp;&nbsp;&nbsp;2661778 |
| MS&AD Insurance Group Holdings, Inc. | 148547 | &nbsp;&nbsp;&nbsp;&nbsp;3487439 |
| Muenchener Rueckversicherungs-Gesellschaft AG | &nbsp;&nbsp;15083 | &nbsp;&nbsp;&nbsp;&nbsp;9925917 |
| NN Group NV | &nbsp;&nbsp;31056 | &nbsp;&nbsp;&nbsp;&nbsp;2395803 |
| Octave Specialty Group, Inc. (A) | &nbsp;&nbsp;&nbsp;4090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31820 |
| Old Republic International Corp. | &nbsp;&nbsp;33577 | &nbsp;&nbsp;&nbsp;&nbsp;1532454 |
| Oscar Health, Inc., Class A (A) | &nbsp;&nbsp;19282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277082 |
| Palomar Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345525 |
| Phoenix Group Holdings PLC | &nbsp;&nbsp;81118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803055 |
| Primerica, Inc. | &nbsp;&nbsp;&nbsp;4707 | &nbsp;&nbsp;&nbsp;&nbsp;1216101 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;12180 | &nbsp;&nbsp;&nbsp;&nbsp;1074398 |
| ProAssurance Corp. (A) | &nbsp;&nbsp;&nbsp;4918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118819 |
| Prudential Financial, Inc. | &nbsp;&nbsp;21323 | &nbsp;&nbsp;&nbsp;&nbsp;2406940 |
| Prudential PLC | 295828 | &nbsp;&nbsp;&nbsp;&nbsp;4550745 |
| QBE Insurance Group, Ltd. | 174347 | &nbsp;&nbsp;&nbsp;&nbsp;2308257 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;&nbsp;9692 | &nbsp;&nbsp;&nbsp;&nbsp;1971934 |
| RenaissanceRe Holdings, Ltd. | &nbsp;&nbsp;&nbsp;6801 | &nbsp;&nbsp;&nbsp;&nbsp;1912169 |
| RLI Corp. | &nbsp;&nbsp;13545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866609 |
| Root, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86387 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;16714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862944 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;1407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109619 |
| Sampo OYJ, A Shares | 279522 | &nbsp;&nbsp;&nbsp;&nbsp;3381883 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;14804 | &nbsp;&nbsp;&nbsp;&nbsp;1238651 |
| SelectQuote, Inc. (A) | &nbsp;&nbsp;14613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20604 |
| SiriusPoint, Ltd. (A) | &nbsp;&nbsp;10011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219141 |
| Skyward Specialty Insurance Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177607 |
| Slide Insurance Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52109 |
| Sompo Holdings, Inc. | 102461 | &nbsp;&nbsp;&nbsp;&nbsp;3477751 |
| Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;2709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190334 |
| Suncorp Group, Ltd. | 125015 | &nbsp;&nbsp;&nbsp;&nbsp;1467561 |
| Swiss Life Holding AG | &nbsp;&nbsp;&nbsp;3294 | &nbsp;&nbsp;&nbsp;&nbsp;3794174 |
| Swiss Re AG | &nbsp;&nbsp;34491 | &nbsp;&nbsp;&nbsp;&nbsp;5745843 |
| T&D Holdings, Inc. | &nbsp;&nbsp;53382 | &nbsp;&nbsp;&nbsp;&nbsp;1232225 |
| Talanx AG | &nbsp;&nbsp;&nbsp;7453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990048 |
| The Allstate Corp. | &nbsp;&nbsp;15942 | &nbsp;&nbsp;&nbsp;&nbsp;3318327 |
| The Baldwin Insurance Group, Inc. (A) | &nbsp;&nbsp;&nbsp;6985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167850 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;5248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959177 |
| The Hartford Insurance Group, Inc. | &nbsp;&nbsp;16978 | &nbsp;&nbsp;&nbsp;&nbsp;2339568 |
| The Phoenix Holdings, Ltd. | &nbsp;&nbsp;26410 | &nbsp;&nbsp;&nbsp;&nbsp;1092293 |
| The Progressive Corp. | &nbsp;&nbsp;35725 | &nbsp;&nbsp;&nbsp;&nbsp;8135297 |
| The Travelers Companies, Inc. | &nbsp;&nbsp;13590 | &nbsp;&nbsp;&nbsp;&nbsp;3941915 |
| Tiptree, Inc. | &nbsp;&nbsp;&nbsp;2392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43702 |
| Tokio Marine Holdings, Inc. | 212110 | &nbsp;&nbsp;&nbsp;&nbsp;7840879 |
| Trupanion, Inc. (A) | &nbsp;&nbsp;&nbsp;3623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135392 |
| Tryg A/S | &nbsp;&nbsp;38820 | &nbsp;&nbsp;&nbsp;&nbsp;1015197 |
| Unipol Assicurazioni SpA | &nbsp;&nbsp;41415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993614 |
| United Fire Group, Inc. | &nbsp;&nbsp;&nbsp;2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74554 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp;2447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82709 |
| Unum Group | &nbsp;&nbsp;22705 | &nbsp;&nbsp;&nbsp;&nbsp;1759638 |
| W.R. Berkley Corp. | &nbsp;&nbsp;18290 | &nbsp;&nbsp;&nbsp;&nbsp;1282495 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;1916724 |
| Zurich Insurance Group AG | &nbsp;&nbsp;16896 | &nbsp;&nbsp;&nbsp;12785240 |
|  |  | 226876226 |
| **Mortgage real estate investment trusts – 0.1%** | **Mortgage real estate investment trusts – 0.1%** |  |
| ACRES Commercial Realty Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15194 |
| Adamas Trust, Inc. | &nbsp;&nbsp;&nbsp;8184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59743 |
| Angel Oak Mortgage REIT, Inc. | &nbsp;&nbsp;&nbsp;1507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12975 |
| Annaly Capital Management, Inc. | 100741 | &nbsp;&nbsp;&nbsp;&nbsp;2252569 |
| Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;13315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128889 |
| Arbor Realty Trust, Inc. | &nbsp;&nbsp;18778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145717 |
| Ares Commercial Real Estate Corp. | &nbsp;&nbsp;&nbsp;5063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24201 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 127 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Mortgage real estate investment trusts (continued)** | **Mortgage real estate investment trusts (continued)** |  |
| ARMOUR Residential REIT, Inc. | &nbsp;&nbsp;10764 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190415 |
| Blackstone Mortgage Trust, Inc., Class A | &nbsp;&nbsp;15309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292861 |
| BrightSpire Capital, Inc. | &nbsp;&nbsp;12915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72324 |
| Chicago Atlantic Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;1856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22755 |
| Chimera Investment Corp. | &nbsp;&nbsp;&nbsp;7769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96569 |
| Claros Mortgage Trust, Inc. (A) | &nbsp;&nbsp;&nbsp;9511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29104 |
| Dynex Capital, Inc. | &nbsp;&nbsp;13935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195229 |
| Ellington Financial, Inc. | &nbsp;&nbsp;&nbsp;9192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124827 |
| Franklin BSP Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;7950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79739 |
| Invesco Mortgage Capital, Inc. | &nbsp;&nbsp;&nbsp;6735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56641 |
| KKR Real Estate Finance Trust, Inc. | &nbsp;&nbsp;&nbsp;5404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44421 |
| Ladder Capital Corp. | &nbsp;&nbsp;11336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124583 |
| MFA Financial, Inc. | &nbsp;&nbsp;&nbsp;9667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000 |
| Nexpoint Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13221 |
| Orchid Island Capital, Inc. | &nbsp;&nbsp;14289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102881 |
| PennyMac Mortgage Investment Trust | &nbsp;&nbsp;&nbsp;8291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104052 |
| Ready Capital Corp. | &nbsp;&nbsp;15597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34001 |
| Redwood Trust, Inc. | &nbsp;&nbsp;12460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68904 |
| Rithm Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13960 |
| Seven Hills Realty Trust | &nbsp;&nbsp;&nbsp;2809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 |
| Starwood Property Trust, Inc. | &nbsp;&nbsp;51343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924687 |
| Sunrise Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;1178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11109 |
| TPG Mortgage Investment Trust, Inc. | &nbsp;&nbsp;&nbsp;2924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24912 |
| TPG RE Finance Trust, Inc. | &nbsp;&nbsp;&nbsp;6367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54820 |
| Two Harbors Investment Corp. | &nbsp;&nbsp;10167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106754 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5543057 |
|  |  | 1202566649 |
| **Health care – 10.1%** |  |  |
| **Biotechnology – 1.6%** | **Biotechnology – 1.6%** |  |
| 4D Molecular Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30015 |
| 89Bio, Inc. (A)(D) | &nbsp;&nbsp;12849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4369 |
| AbbVie, Inc. | 107673 | &nbsp;&nbsp;&nbsp;&nbsp;24602204 |
| Abeona Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23125 |
| Absci Corp. (A)(C) | &nbsp;&nbsp;13401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46769 |
| ACADIA Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;12111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323485 |
| ADC Therapeutics SA (A) | &nbsp;&nbsp;&nbsp;8580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30287 |
| ADMA Biologics, Inc. (A) | &nbsp;&nbsp;22580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411859 |
| Aduro Biotech, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;2435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3412 |
| Agios Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;5582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151942 |
| Akebia Therapeutics, Inc. (A) | &nbsp;&nbsp;25134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40466 |
| Akero Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;7170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4661 |
| Albireo Pharma, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;2883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17730 |
| Aldeyra Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28469 |
| Alector, Inc. (A) | &nbsp;&nbsp;&nbsp;9787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15268 |
| Alkermes PLC (A) | &nbsp;&nbsp;15799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442056 |
| Allogene Therapeutics, Inc. (A) | &nbsp;&nbsp;15681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21483 |
| Altimmune, Inc. (A) | &nbsp;&nbsp;&nbsp;9004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32504 |
| Amgen, Inc. | &nbsp;&nbsp;32805 | &nbsp;&nbsp;&nbsp;&nbsp;10737405 |
| Amicus Therapeutics, Inc. (A) | &nbsp;&nbsp;29006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413045 |
| AnaptysBio, Inc. (A) | &nbsp;&nbsp;&nbsp;1804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87458 |
| Anavex Life Sciences Corp. (A) | &nbsp;&nbsp;&nbsp;8369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29794 |
| Anika Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;1814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17433 |
| Annexon, Inc. (A) | &nbsp;&nbsp;&nbsp;9868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49537 |
| Apogee Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;3754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283352 |
| Arbutus Biopharma Corp. (A) | &nbsp;&nbsp;15013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72213 |
| Arcellx, Inc. (A) | &nbsp;&nbsp;&nbsp;3353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218616 |
| Arcturus Therapeutics Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16097 |
| Arcus Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;7697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183420 |
| Arcutis Biotherapeutics, Inc. (A) | &nbsp;&nbsp;10715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311164 |
| Ardelyx, Inc. (A) | &nbsp;&nbsp;23256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135582 |
| Argenx SE (A) | &nbsp;&nbsp;&nbsp;6842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5771523 |
| Argenx SE, Additional Offering (A) | &nbsp;&nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224383 |
| ArriVent Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;3014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60642 |
| Arrowhead Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;12922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;857892 |
| ARS Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67954 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Astria Therapeutics, Inc. (A) | &nbsp;&nbsp;4118 | $&nbsp;&nbsp;&nbsp;&nbsp;53905 |
| Aura Biosciences, Inc. (A) | &nbsp;&nbsp;4892 | &nbsp;&nbsp;&nbsp;&nbsp;26661 |
| Aurinia Pharmaceuticals, Inc. (A) | 11642 | &nbsp;&nbsp;&nbsp;&nbsp;185690 |
| Avidity Biosciences, Inc. (A) | 11261 | &nbsp;&nbsp;&nbsp;&nbsp;812256 |
| Beam Therapeutics, Inc. (A) | &nbsp;&nbsp;9341 | &nbsp;&nbsp;&nbsp;&nbsp;258933 |
| Benitec Biopharma, Inc. (A) | &nbsp;&nbsp;1553 | &nbsp;&nbsp;&nbsp;&nbsp;20919 |
| Bicara Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;3113 | &nbsp;&nbsp;&nbsp;&nbsp;52392 |
| BioCryst Pharmaceuticals, Inc. (A) | 20526 | &nbsp;&nbsp;&nbsp;&nbsp;160103 |
| Biogen, Inc. (A) | &nbsp;&nbsp;8938 | 1572999 |
| Biohaven, Ltd. (A) | &nbsp;&nbsp;9241 | &nbsp;&nbsp;&nbsp;&nbsp;104331 |
| BioMarin Pharmaceutical, Inc. (A) | 28335 | 1683949 |
| Blueprint Medicines Corp. (A)(D) | &nbsp;&nbsp;9435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4340 |
| BridgeBio Pharma, Inc. (A) | 15441 | 1181082 |
| Bright Minds Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;39098 |
| Candel Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;4368 | &nbsp;&nbsp;&nbsp;&nbsp;24679 |
| Capricor Therapeutics, Inc. (A) | &nbsp;&nbsp;3757 | &nbsp;&nbsp;&nbsp;&nbsp;108427 |
| Cardiff Oncology, Inc. (A)(C) | &nbsp;&nbsp;6286 | &nbsp;&nbsp;&nbsp;&nbsp;17664 |
| CareDx, Inc. (A) | &nbsp;&nbsp;5093 | &nbsp;&nbsp;&nbsp;&nbsp;95952 |
| Cartesian Therapeutics, Inc., CVR (A)(D) | 19937 | &nbsp;&nbsp;&nbsp;&nbsp;51437 |
| Catalyst Pharmaceuticals, Inc. (A) | 11264 | &nbsp;&nbsp;&nbsp;&nbsp;262902 |
| Celcuity, Inc. (A) | &nbsp;&nbsp;3137 | &nbsp;&nbsp;&nbsp;&nbsp;312884 |
| Celldex Therapeutics, Inc. (A) | &nbsp;&nbsp;6420 | &nbsp;&nbsp;&nbsp;&nbsp;174367 |
| CG Oncology, Inc. (A) | &nbsp;&nbsp;5460 | &nbsp;&nbsp;&nbsp;&nbsp;226699 |
| Chinook Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;9357 | &nbsp;&nbsp;&nbsp;&nbsp;13110 |
| Cidara Therapeutics, Inc. (A) | &nbsp;&nbsp;1908 | &nbsp;&nbsp;&nbsp;&nbsp;421458 |
| Cogent Biosciences, Inc. (A) | 13542 | &nbsp;&nbsp;&nbsp;&nbsp;481012 |
| Coherus Oncology, Inc. (A) | 10956 | &nbsp;&nbsp;&nbsp;&nbsp;15558 |
| Compass Therapeutics, Inc. (A) | 12892 | &nbsp;&nbsp;&nbsp;&nbsp;69230 |
| Corvus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5654 | &nbsp;&nbsp;&nbsp;&nbsp;43536 |
| CRISPR Therapeutics AG (A) | &nbsp;&nbsp;8490 | &nbsp;&nbsp;&nbsp;&nbsp;445216 |
| CSL, Ltd. | 56009 | 6445597 |
| Cullinan Therapeutics, Inc. (A) | &nbsp;&nbsp;5488 | &nbsp;&nbsp;&nbsp;&nbsp;56801 |
| Cytokinetics, Inc. (A) | 29140 | 1851556 |
| Day One Biopharmaceuticals, Inc. (A) | &nbsp;&nbsp;7785 | &nbsp;&nbsp;&nbsp;&nbsp;72556 |
| Denali Therapeutics, Inc. (A) | 12995 | &nbsp;&nbsp;&nbsp;&nbsp;214547 |
| Design Therapeutics, Inc. (A) | &nbsp;&nbsp;2421 | &nbsp;&nbsp;&nbsp;&nbsp;22709 |
| DiaMedica Therapeutics, Inc. (A) | &nbsp;&nbsp;3439 | &nbsp;&nbsp;&nbsp;&nbsp;27374 |
| Dianthus Therapeutics, Inc. (A) | &nbsp;&nbsp;2395 | &nbsp;&nbsp;&nbsp;&nbsp;98698 |
| Disc Medicine, Inc. (A) | &nbsp;&nbsp;2440 | &nbsp;&nbsp;&nbsp;&nbsp;193760 |
| Dynavax Technologies Corp. (A) | &nbsp;&nbsp;9854 | &nbsp;&nbsp;&nbsp;&nbsp;151555 |
| Dyne Therapeutics, Inc. (A) | 12071 | &nbsp;&nbsp;&nbsp;&nbsp;236109 |
| Editas Medicine, Inc. (A) | &nbsp;&nbsp;9216 | &nbsp;&nbsp;&nbsp;&nbsp;18893 |
| Emergent BioSolutions, Inc. (A) | &nbsp;&nbsp;5083 | &nbsp;&nbsp;&nbsp;&nbsp;62826 |
| Enanta Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2709 | &nbsp;&nbsp;&nbsp;&nbsp;42721 |
| Entrada Therapeutics, Inc. (A) | &nbsp;&nbsp;2986 | &nbsp;&nbsp;&nbsp;&nbsp;30696 |
| Erasca, Inc. (A) | 17060 | &nbsp;&nbsp;&nbsp;&nbsp;63463 |
| Exelixis, Inc. (A) | 39544 | 1733214 |
| Fate Therapeutics, Inc. (A) | 11508 | &nbsp;&nbsp;&nbsp;&nbsp;11308 |
| Fennec Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2582 | &nbsp;&nbsp;&nbsp;&nbsp;19881 |
| Genmab A/S (A) | &nbsp;&nbsp;7042 | 2182906 |
| Geron Corp. (A) | 53495 | &nbsp;&nbsp;&nbsp;&nbsp;70613 |
| Gilead Sciences, Inc. | 75585 | 9277303 |
| Gossamer Bio, Inc. (A) | 18878 | &nbsp;&nbsp;&nbsp;&nbsp;58522 |
| GRAIL, Inc. (A) | &nbsp;&nbsp;3425 | &nbsp;&nbsp;&nbsp;&nbsp;293146 |
| Grifols SA | 34436 | &nbsp;&nbsp;&nbsp;&nbsp;430439 |
| Halozyme Therapeutics, Inc. (A) | 17344 | 1167251 |
| Heron Therapeutics, Inc. (A) | 15632 | &nbsp;&nbsp;&nbsp;&nbsp;20322 |
| Humacyte, Inc. (A)(C) | 15759 | &nbsp;&nbsp;&nbsp;&nbsp;15137 |
| Icosavax, Inc. (A)(D) | &nbsp;&nbsp;4180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1296 |
| Ideaya Biosciences, Inc. (A) | &nbsp;&nbsp;7871 | &nbsp;&nbsp;&nbsp;&nbsp;272100 |
| ImmunityBio, Inc. (A)(C) | 29117 | &nbsp;&nbsp;&nbsp;&nbsp;57652 |
| Immunome, Inc. (A) | &nbsp;&nbsp;9160 | &nbsp;&nbsp;&nbsp;&nbsp;196757 |
| Immunovant, Inc. (A) | &nbsp;&nbsp;6887 | &nbsp;&nbsp;&nbsp;&nbsp;175068 |
| Incyte Corp. (A) | 10047 | &nbsp;&nbsp;&nbsp;&nbsp;992342 |
| Inhibrx Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;69757 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 128 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Inhibrx, Inc. (A)(D) | &nbsp;&nbsp;5368 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3382 |
| Intellia Therapeutics, Inc. (A) | 10084 | &nbsp;&nbsp;&nbsp;&nbsp;90655 |
| Iovance Biotherapeutics, Inc. (A) | 30147 | &nbsp;&nbsp;&nbsp;&nbsp;82301 |
| Ironwood Pharmaceuticals, Inc. (A) | 15213 | &nbsp;&nbsp;&nbsp;&nbsp;51268 |
| iTeos Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;4366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 |
| Jade Biosciences, Inc. | &nbsp;&nbsp;4568 | &nbsp;&nbsp;&nbsp;&nbsp;70484 |
| Janux Therapeutics, Inc. (A) | &nbsp;&nbsp;4234 | &nbsp;&nbsp;&nbsp;&nbsp;58429 |
| KalVista Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3793 | &nbsp;&nbsp;&nbsp;&nbsp;61257 |
| Keros Therapeutics, Inc. (A) | &nbsp;&nbsp;2865 | &nbsp;&nbsp;&nbsp;&nbsp;58331 |
| Kodiak Sciences, Inc. (A) | &nbsp;&nbsp;3202 | &nbsp;&nbsp;&nbsp;&nbsp;89528 |
| Krystal Biotech, Inc. (A) | &nbsp;&nbsp;2412 | &nbsp;&nbsp;&nbsp;&nbsp;594654 |
| Kura Oncology, Inc. (A) | &nbsp;&nbsp;7937 | &nbsp;&nbsp;&nbsp;&nbsp;82465 |
| Kymera Therapeutics, Inc. (A) | &nbsp;&nbsp;5501 | &nbsp;&nbsp;&nbsp;&nbsp;428033 |
| Larimar Therapeutics, Inc. (A) | &nbsp;&nbsp;4973 | &nbsp;&nbsp;&nbsp;&nbsp;18947 |
| Lexeo Therapeutics, Inc. (A) | &nbsp;&nbsp;6191 | &nbsp;&nbsp;&nbsp;&nbsp;61477 |
| Madrigal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1810 | 1054035 |
| MannKind Corp. (A) | 29730 | &nbsp;&nbsp;&nbsp;&nbsp;168569 |
| MapLight Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;1698 | &nbsp;&nbsp;&nbsp;&nbsp;29825 |
| MeiraGTx Holdings PLC (A) | &nbsp;&nbsp;4639 | &nbsp;&nbsp;&nbsp;&nbsp;36880 |
| Merrimack Pharmaceuticals, Inc. (A)(D) | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45 |
| MiMedx Group, Inc. (A) | 11852 | &nbsp;&nbsp;&nbsp;&nbsp;80238 |
| Mineralys Therapeutics, Inc. (A) | &nbsp;&nbsp;4567 | &nbsp;&nbsp;&nbsp;&nbsp;165736 |
| Mirum Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3995 | &nbsp;&nbsp;&nbsp;&nbsp;315565 |
| Moderna, Inc. (A) | 21183 | &nbsp;&nbsp;&nbsp;&nbsp;624687 |
| Monopar Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;29385 |
| Monte Rosa Therapeutics, Inc. (A) | &nbsp;&nbsp;4521 | &nbsp;&nbsp;&nbsp;&nbsp;70889 |
| Myriad Genetics, Inc. (A) | &nbsp;&nbsp;8830 | &nbsp;&nbsp;&nbsp;&nbsp;54305 |
| Neurocrine Biosciences, Inc. (A) | 14706 | 2085752 |
| Neurogene, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;&nbsp;20250 |
| Novavax, Inc. (A)(C) | 14579 | &nbsp;&nbsp;&nbsp;&nbsp;97971 |
| Nurix Therapeutics, Inc. (A) | &nbsp;&nbsp;9818 | &nbsp;&nbsp;&nbsp;&nbsp;186247 |
| Nuvalent, Inc., Class A (A) | &nbsp;&nbsp;4880 | &nbsp;&nbsp;&nbsp;&nbsp;490879 |
| Olema Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5809 | &nbsp;&nbsp;&nbsp;&nbsp;145225 |
| Organogenesis Holdings, Inc. (A) | &nbsp;&nbsp;6790 | &nbsp;&nbsp;&nbsp;&nbsp;35172 |
| ORIC Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;6538 | &nbsp;&nbsp;&nbsp;&nbsp;53481 |
| Oruka Therapeutics, Inc. (A) | &nbsp;&nbsp;3786 | &nbsp;&nbsp;&nbsp;&nbsp;114754 |
| Palvella Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;721 | &nbsp;&nbsp;&nbsp;&nbsp;75467 |
| PDL BioPharma, Inc. (A)(D) | 23030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3685 |
| Perspective Therapeutics, Inc. (A) | &nbsp;&nbsp;6109 | &nbsp;&nbsp;&nbsp;&nbsp;16800 |
| Praxis Precision Medicines, Inc. (A) | &nbsp;&nbsp;2193 | &nbsp;&nbsp;&nbsp;&nbsp;646365 |
| Precigen, Inc. (A) | 17640 | &nbsp;&nbsp;&nbsp;&nbsp;73735 |
| Prime Medicine, Inc. (A)(C) | &nbsp;&nbsp;9855 | &nbsp;&nbsp;&nbsp;&nbsp;34197 |
| Protagonist Therapeutics, Inc. (A) | &nbsp;&nbsp;5670 | &nbsp;&nbsp;&nbsp;&nbsp;495218 |
| Protalix BioTherapeutics, Inc. (A) | &nbsp;&nbsp;5991 | &nbsp;&nbsp;&nbsp;&nbsp;10784 |
| Protara Therapeutics, Inc. (A) | &nbsp;&nbsp;3568 | &nbsp;&nbsp;&nbsp;&nbsp;19017 |
| Prothena Corp. PLC (A) | &nbsp;&nbsp;4418 | &nbsp;&nbsp;&nbsp;&nbsp;42192 |
| PTC Therapeutics, Inc. (A) | &nbsp;&nbsp;7560 | &nbsp;&nbsp;&nbsp;&nbsp;574258 |
| Puma Biotechnology, Inc. (A) | &nbsp;&nbsp;4333 | &nbsp;&nbsp;&nbsp;&nbsp;25781 |
| Recursion Pharmaceuticals, Inc., Class A (A)(C) | 37513 | &nbsp;&nbsp;&nbsp;&nbsp;153428 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;6140 | 4739282 |
| REGENXBIO, Inc. (A) | &nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;65520 |
| Regulus Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;9005 | &nbsp;&nbsp;&nbsp;&nbsp;10446 |
| Relay Therapeutics, Inc. (A) | 13855 | &nbsp;&nbsp;&nbsp;&nbsp;117213 |
| Replimune Group, Inc. (A) | &nbsp;&nbsp;6701 | &nbsp;&nbsp;&nbsp;&nbsp;65134 |
| Rezolute, Inc. (A) | &nbsp;&nbsp;8317 | &nbsp;&nbsp;&nbsp;&nbsp;19628 |
| Rhythm Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5154 | &nbsp;&nbsp;&nbsp;&nbsp;551684 |
| Rigel Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1703 | &nbsp;&nbsp;&nbsp;&nbsp;72939 |
| Rocket Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;8833 | &nbsp;&nbsp;&nbsp;&nbsp;31004 |
| Roivant Sciences, Ltd. (A) | 64625 | 1402363 |
| Sage Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;8588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1546 |
| Sana Biotechnology, Inc. (A) | 16231 | &nbsp;&nbsp;&nbsp;&nbsp;66060 |
| Savara, Inc. (A) | 14019 | &nbsp;&nbsp;&nbsp;&nbsp;84535 |
| Scholar Rock Holding Corp. (A) | &nbsp;&nbsp;8018 | &nbsp;&nbsp;&nbsp;&nbsp;353193 |
| SELLAS Life Sciences Group, Inc. (A)(C) | 12255 | &nbsp;&nbsp;&nbsp;&nbsp;46201 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Sionna Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;1576 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64837 |
| Soleno Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211128 |
| Solid Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;5839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32932 |
| Spyre Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;6735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220639 |
| Stoke Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;4376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138894 |
| Swedish Orphan Biovitrum AB (A) | &nbsp;&nbsp;22694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814422 |
| Syndax Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;8316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174719 |
| Tango Therapeutics, Inc. (A) | &nbsp;&nbsp;10411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92241 |
| Taysha Gene Therapies, Inc. (A) | &nbsp;&nbsp;21586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118723 |
| Tectonic Therapeutic, Inc. (A) | &nbsp;&nbsp;&nbsp;1123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23426 |
| TG Therapeutics, Inc. (A) | &nbsp;&nbsp;14152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421871 |
| Tonix Pharmaceuticals Holding Corp. (A)(C) | &nbsp;&nbsp;&nbsp;1144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17869 |
| Travere Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;8035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307017 |
| Twist Bioscience Corp. (A) | &nbsp;&nbsp;&nbsp;5850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185562 |
| Tyra Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;2573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67644 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;&nbsp;6351 | &nbsp;&nbsp;&nbsp;&nbsp;3094525 |
| Upstream Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;3216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87314 |
| UroGen Pharma, Ltd. (A) | &nbsp;&nbsp;&nbsp;3597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84242 |
| Vanda Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;5664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49956 |
| Vaxcyte, Inc. (A) | &nbsp;&nbsp;11172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515476 |
| Vera Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274519 |
| Veracyte, Inc. (A) | &nbsp;&nbsp;&nbsp;7644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321812 |
| Verastem, Inc. (A) | &nbsp;&nbsp;&nbsp;5237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40430 |
| Vericel Corp. (A) | &nbsp;&nbsp;&nbsp;4940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177889 |
| Vertex Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;15457 | &nbsp;&nbsp;&nbsp;&nbsp;7007586 |
| Verve Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;10103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6365 |
| Vir Biotechnology, Inc. (A) | &nbsp;&nbsp;&nbsp;8947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53950 |
| Viridian Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;7805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242892 |
| Voyager Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19941 |
| Xencor, Inc. (A) | &nbsp;&nbsp;&nbsp;6942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106282 |
| Xenon Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;7458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334268 |
| XOMA Royalty Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26324 |
| Zenas Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67246 |
| Zymeworks, Inc. (A) | &nbsp;&nbsp;&nbsp;4918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129491 |
|  |  | 114264936 |
| **Health care equipment and supplies – 1.8%** | **Health care equipment and supplies – 1.8%** |  |
| Abbott Laboratories | 105936 | &nbsp;&nbsp;&nbsp;13272721 |
| Accuray, Inc. (A) | &nbsp;&nbsp;12296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10139 |
| Alcon, Inc. | &nbsp;&nbsp;57689 | &nbsp;&nbsp;&nbsp;&nbsp;4564818 |
| Align Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;4065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634750 |
| Alphatec Holdings, Inc. (A) | &nbsp;&nbsp;11469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241308 |
| AngioDynamics, Inc. (A) | &nbsp;&nbsp;&nbsp;3919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50320 |
| Artivion, Inc. (A) | &nbsp;&nbsp;&nbsp;4141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188871 |
| AtriCure, Inc. (A) | &nbsp;&nbsp;&nbsp;4761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188345 |
| Avanos Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;4810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54016 |
| Axogen, Inc. (A) | &nbsp;&nbsp;&nbsp;4337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141950 |
| Baxter International, Inc. | &nbsp;&nbsp;31316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598449 |
| Becton, Dickinson and Company | &nbsp;&nbsp;17462 | &nbsp;&nbsp;&nbsp;&nbsp;3388850 |
| Beta Bionics, Inc. (A) | &nbsp;&nbsp;&nbsp;3778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115116 |
| BioMerieux | &nbsp;&nbsp;&nbsp;4782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618766 |
| Bioventus, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36196 |
| Boston Scientific Corp. (A) | &nbsp;&nbsp;90314 | &nbsp;&nbsp;&nbsp;&nbsp;8611440 |
| Butterfly Network, Inc. (A) | &nbsp;&nbsp;19241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73116 |
| Ceribell, Inc. (A) | &nbsp;&nbsp;&nbsp;2722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59693 |
| Cerus Corp. (A) | &nbsp;&nbsp;19190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39531 |
| ClearPoint Neuro, Inc. (A) | &nbsp;&nbsp;&nbsp;2625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35910 |
| Cochlear, Ltd. | &nbsp;&nbsp;&nbsp;7550 | &nbsp;&nbsp;&nbsp;&nbsp;1310825 |
| Coloplast A/S, B Shares | &nbsp;&nbsp;14560 | &nbsp;&nbsp;&nbsp;&nbsp;1248304 |
| CONMED Corp. | &nbsp;&nbsp;&nbsp;3088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125373 |
| CVRx, Inc. (A) | &nbsp;&nbsp;&nbsp;1732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12297 |
| Delcath Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;3006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30361 |
| Demant A/S (A) | &nbsp;&nbsp;11107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374244 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;29432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336408 |
| DexCom, Inc. (A) | &nbsp;&nbsp;23761 | &nbsp;&nbsp;&nbsp;&nbsp;1577018 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 129 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| Edwards Lifesciences Corp. (A) | &nbsp;&nbsp;35353 | $&nbsp;&nbsp;&nbsp;3013843 |
| Electromed, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21432 |
| Embecta Corp. | &nbsp;&nbsp;&nbsp;5661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67253 |
| Enovis Corp. (A) | &nbsp;&nbsp;&nbsp;5665 | &nbsp;&nbsp;&nbsp;&nbsp;150916 |
| Envista Holdings Corp. (A) | &nbsp;&nbsp;24251 | &nbsp;&nbsp;&nbsp;&nbsp;526489 |
| EssilorLuxottica SA | &nbsp;&nbsp;34755 | 10989455 |
| Fisher & Paykel Healthcare Corp., Ltd. | &nbsp;&nbsp;67797 | &nbsp;&nbsp;&nbsp;1473021 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;27752 | &nbsp;&nbsp;&nbsp;2276219 |
| Glaukos Corp. (A) | &nbsp;&nbsp;&nbsp;5454 | &nbsp;&nbsp;&nbsp;&nbsp;615811 |
| Globus Medical, Inc., Class A (A) | &nbsp;&nbsp;16432 | &nbsp;&nbsp;&nbsp;1434678 |
| Haemonetics Corp. (A) | &nbsp;&nbsp;11609 | &nbsp;&nbsp;&nbsp;&nbsp;930461 |
| Hologic, Inc. (A) | &nbsp;&nbsp;13559 | &nbsp;&nbsp;&nbsp;1010010 |
| Hoya Corp. | &nbsp;&nbsp;39612 | &nbsp;&nbsp;&nbsp;6007936 |
| ICU Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;2362 | &nbsp;&nbsp;&nbsp;&nbsp;336987 |
| IDEXX Laboratories, Inc. (A) | &nbsp;&nbsp;&nbsp;4865 | &nbsp;&nbsp;&nbsp;3291318 |
| Inogen, Inc. (A) | &nbsp;&nbsp;&nbsp;2626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17647 |
| Insulet Corp. (A) | &nbsp;&nbsp;&nbsp;4286 | &nbsp;&nbsp;&nbsp;1218253 |
| Integer Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;3407 | &nbsp;&nbsp;&nbsp;&nbsp;267211 |
| Integra LifeSciences Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;6604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82022 |
| Intuitive Surgical, Inc. (A) | &nbsp;&nbsp;21597 | 12231677 |
| iRadimed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81034 |
| iRhythm Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;3106 | &nbsp;&nbsp;&nbsp;&nbsp;551129 |
| Kestra Medical Technologies, Ltd. (A) | &nbsp;&nbsp;&nbsp;1960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51979 |
| Koninklijke Philips NV | &nbsp;&nbsp;88932 | &nbsp;&nbsp;&nbsp;2421547 |
| Lantheus Holdings, Inc. (A) | &nbsp;&nbsp;16319 | &nbsp;&nbsp;&nbsp;1086029 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;2064 | &nbsp;&nbsp;&nbsp;&nbsp;167390 |
| LivaNova PLC (A) | &nbsp;&nbsp;13384 | &nbsp;&nbsp;&nbsp;&nbsp;823518 |
| Masimo Corp. (A) | &nbsp;&nbsp;&nbsp;6734 | &nbsp;&nbsp;&nbsp;&nbsp;875824 |
| Medtronic PLC | &nbsp;&nbsp;78139 | &nbsp;&nbsp;&nbsp;7506032 |
| Merit Medical Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;5715 | &nbsp;&nbsp;&nbsp;&nbsp;503720 |
| Neogen Corp. (A) | &nbsp;&nbsp;21499 | &nbsp;&nbsp;&nbsp;&nbsp;150278 |
| NeuroPace, Inc. (A) | &nbsp;&nbsp;&nbsp;2555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39449 |
| Novocure, Ltd. (A) | &nbsp;&nbsp;&nbsp;9997 | &nbsp;&nbsp;&nbsp;&nbsp;129261 |
| Olympus Corp. | 131506 | &nbsp;&nbsp;&nbsp;1667397 |
| Omnicell, Inc. (A) | &nbsp;&nbsp;&nbsp;4474 | &nbsp;&nbsp;&nbsp;&nbsp;202672 |
| OraSure Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;8639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20906 |
| Orthofix Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;4053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61443 |
| OrthoPediatrics Corp. (A) | &nbsp;&nbsp;&nbsp;1831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32519 |
| Paragon 28, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;6945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625 |
| Penumbra, Inc. (A) | &nbsp;&nbsp;&nbsp;5776 | &nbsp;&nbsp;&nbsp;1795816 |
| PROCEPT BioRobotics Corp. (A) | &nbsp;&nbsp;&nbsp;5235 | &nbsp;&nbsp;&nbsp;&nbsp;164693 |
| Pulse Biosciences, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;1834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25181 |
| QuidelOrtho Corp. (A) | &nbsp;&nbsp;&nbsp;6649 | &nbsp;&nbsp;&nbsp;&nbsp;189895 |
| ResMed, Inc. | &nbsp;&nbsp;&nbsp;8893 | &nbsp;&nbsp;&nbsp;2142057 |
| RxSight, Inc. (A) | &nbsp;&nbsp;&nbsp;3510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36574 |
| SANUWAVE Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22470 |
| Semler Scientific, Inc. (A) | &nbsp;&nbsp;&nbsp;1394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21314 |
| SI-BONE, Inc. (A) | &nbsp;&nbsp;&nbsp;3746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73871 |
| Siemens Healthineers AG (B) | &nbsp;&nbsp;39067 | &nbsp;&nbsp;&nbsp;2047798 |
| Sight Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;4208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33369 |
| Smith & Nephew PLC | &nbsp;&nbsp;93067 | &nbsp;&nbsp;&nbsp;1547792 |
| Solventum Corp. (A) | &nbsp;&nbsp;&nbsp;8982 | &nbsp;&nbsp;&nbsp;&nbsp;711734 |
| Sonova Holding AG | &nbsp;&nbsp;&nbsp;5851 | &nbsp;&nbsp;&nbsp;1513458 |
| STAAR Surgical Company (A) | &nbsp;&nbsp;&nbsp;4922 | &nbsp;&nbsp;&nbsp;&nbsp;113649 |
| Stereotaxis, Inc. (A) | &nbsp;&nbsp;&nbsp;7044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16201 |
| STERIS PLC | &nbsp;&nbsp;&nbsp;5979 | &nbsp;&nbsp;&nbsp;1515796 |
| Straumann Holding AG | &nbsp;&nbsp;12886 | &nbsp;&nbsp;&nbsp;1505135 |
| Stryker Corp. | &nbsp;&nbsp;20968 | &nbsp;&nbsp;&nbsp;7369623 |
| Sysmex Corp. | &nbsp;&nbsp;58137 | &nbsp;&nbsp;&nbsp;&nbsp;570917 |
| Tactile Systems Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;2189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63481 |
| Tandem Diabetes Care, Inc. (A) | &nbsp;&nbsp;&nbsp;6625 | &nbsp;&nbsp;&nbsp;&nbsp;145618 |
| Terumo Corp. | 153833 | &nbsp;&nbsp;&nbsp;2235989 |
| The Cooper Companies, Inc. (A) | &nbsp;&nbsp;12112 | &nbsp;&nbsp;&nbsp;&nbsp;992700 |
| TransMedics Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3272 | &nbsp;&nbsp;&nbsp;&nbsp;398039 |
| Treace Medical Concepts, Inc. (A) | &nbsp;&nbsp;&nbsp;5424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13289 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| UFP Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;737 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163636 |
| Utah Medical Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22048 |
| Varex Imaging Corp. (A) | &nbsp;&nbsp;&nbsp;3986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46437 |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;12074 | &nbsp;&nbsp;&nbsp;&nbsp;1085694 |
|  |  | 126858800 |
| **Health care providers and services – 1.2%** | **Health care providers and services – 1.2%** |  |
| AdaptHealth Corp. (A) | &nbsp;&nbsp;&nbsp;9985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99451 |
| Addus HomeCare Corp. (A) | &nbsp;&nbsp;&nbsp;1770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190080 |
| agilon health, Inc. (A) | &nbsp;&nbsp;31373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21607 |
| Alignment Healthcare, Inc. (A) | &nbsp;&nbsp;16541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326685 |
| AMN Healthcare Services, Inc. (A) | &nbsp;&nbsp;&nbsp;3694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58217 |
| Ardent Health, Inc. (A) | &nbsp;&nbsp;&nbsp;2476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21863 |
| Astrana Health, Inc. (A) | &nbsp;&nbsp;&nbsp;4046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100381 |
| Aveanna Healthcare Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55997 |
| BrightSpring Health Services, Inc. (A) | &nbsp;&nbsp;10818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405134 |
| Brookdale Senior Living, Inc. (A) | &nbsp;&nbsp;22670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244609 |
| Cardinal Health, Inc. | &nbsp;&nbsp;14475 | &nbsp;&nbsp;&nbsp;&nbsp;2974613 |
| Castle Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;2778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108064 |
| Cencora, Inc. | &nbsp;&nbsp;11812 | &nbsp;&nbsp;&nbsp;&nbsp;3989503 |
| Centene Corp. (A) | &nbsp;&nbsp;28446 | &nbsp;&nbsp;&nbsp;&nbsp;1170553 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;2089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893800 |
| Clover Health Investments Corp. (A) | &nbsp;&nbsp;39629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93128 |
| Community Health Systems, Inc. (A) | &nbsp;&nbsp;12311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38410 |
| Concentra Group Holdings Parent, Inc. | &nbsp;&nbsp;11449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225316 |
| CorVel Corp. (A) | &nbsp;&nbsp;&nbsp;2902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196378 |
| Cross Country Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;3263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26430 |
| CVS Health Corp. | &nbsp;&nbsp;77337 | &nbsp;&nbsp;&nbsp;&nbsp;6137464 |
| DaVita, Inc. (A) | &nbsp;&nbsp;&nbsp;2151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244375 |
| Elevance Health, Inc. | &nbsp;&nbsp;13539 | &nbsp;&nbsp;&nbsp;&nbsp;4746096 |
| Encompass Health Corp. | &nbsp;&nbsp;14840 | &nbsp;&nbsp;&nbsp;&nbsp;1575118 |
| Enhabit, Inc. (A) | &nbsp;&nbsp;&nbsp;4880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44994 |
| Fresenius Medical Care AG | &nbsp;&nbsp;25405 | &nbsp;&nbsp;&nbsp;&nbsp;1213484 |
| Fresenius SE & Company KGaA | &nbsp;&nbsp;48768 | &nbsp;&nbsp;&nbsp;&nbsp;2794006 |
| Fulgent Genetics, Inc. (A) | &nbsp;&nbsp;&nbsp;2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53381 |
| GeneDx Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240871 |
| Guardant Health, Inc. (A) | &nbsp;&nbsp;11828 | &nbsp;&nbsp;&nbsp;&nbsp;1208112 |
| Guardian Pharmacy Services, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66980 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp;9731 | &nbsp;&nbsp;&nbsp;&nbsp;4543015 |
| HealthEquity, Inc. (A) | &nbsp;&nbsp;21016 | &nbsp;&nbsp;&nbsp;&nbsp;1925276 |
| Henry Schein, Inc. (A) | &nbsp;&nbsp;&nbsp;6097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460811 |
| Hims & Hers Health, Inc. (A) | &nbsp;&nbsp;50695 | &nbsp;&nbsp;&nbsp;&nbsp;1646067 |
| Humana, Inc. | &nbsp;&nbsp;&nbsp;7327 | &nbsp;&nbsp;&nbsp;&nbsp;1876665 |
| Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp;5050 | &nbsp;&nbsp;&nbsp;&nbsp;1266944 |
| LifeStance Health Group, Inc. (A) | &nbsp;&nbsp;16463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115900 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;7519 | &nbsp;&nbsp;&nbsp;&nbsp;6167761 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;3131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543354 |
| Nano-X Imaging, Ltd. (A)(C) | &nbsp;&nbsp;&nbsp;6646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18609 |
| National HealthCare Corp. | &nbsp;&nbsp;&nbsp;1252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171637 |
| National Research Corp. | &nbsp;&nbsp;&nbsp;1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22674 |
| NeoGenomics, Inc. (A) | &nbsp;&nbsp;12624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148458 |
| NMC Health PLC (A)(D) | &nbsp;&nbsp;19536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Nutex Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54160 |
| Omada Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15606 |
| OPKO Health, Inc. (A) | &nbsp;&nbsp;40981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51636 |
| Option Care Health, Inc. (A) | &nbsp;&nbsp;38956 | &nbsp;&nbsp;&nbsp;&nbsp;1241138 |
| Owens & Minor, Inc. (A) | &nbsp;&nbsp;&nbsp;7748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21694 |
| PACS Group, Inc. (A) | &nbsp;&nbsp;&nbsp;4305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165269 |
| Pediatrix Medical Group, Inc. (A) | &nbsp;&nbsp;&nbsp;8454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180831 |
| Privia Health Group, Inc. (A) | &nbsp;&nbsp;11417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270697 |
| Progyny, Inc. (A) | &nbsp;&nbsp;&nbsp;7331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188260 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;6777 | &nbsp;&nbsp;&nbsp;&nbsp;1176013 |
| RadNet, Inc. (A) | &nbsp;&nbsp;&nbsp;6652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474620 |
| Select Medical Holdings Corp. | &nbsp;&nbsp;10579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157098 |
| Sigma Healthcare, Ltd. | 599706 | &nbsp;&nbsp;&nbsp;&nbsp;1173995 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 130 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care providers and services (continued)** | **Health care providers and services (continued)** |  |
| Sonic Healthcare, Ltd. | &nbsp;&nbsp;54206 | $&nbsp;&nbsp;&nbsp;&nbsp;816178 |
| Sonida Senior Living, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18294 |
| Strata Critical Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;6824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32823 |
| Surgery Partners, Inc. (A) | &nbsp;&nbsp;&nbsp;7641 | &nbsp;&nbsp;&nbsp;&nbsp;118053 |
| Talkspace, Inc. (A) | &nbsp;&nbsp;13943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50613 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;12962 | &nbsp;&nbsp;&nbsp;2575809 |
| The Cigna Group | &nbsp;&nbsp;16274 | &nbsp;&nbsp;&nbsp;4479093 |
| The Ensign Group, Inc. | &nbsp;&nbsp;13936 | &nbsp;&nbsp;&nbsp;2427651 |
| The Joint Corp. (A) | &nbsp;&nbsp;&nbsp;1751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15269 |
| The Oncology Institute, Inc. (A) | &nbsp;&nbsp;&nbsp;6990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24884 |
| The Pennant Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93683 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;55186 | 18217450 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;3365 | &nbsp;&nbsp;&nbsp;&nbsp;733637 |
| US Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp;115964 |
| Viemed Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;3570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26525 |
|  |  | 83389214 |
| **Health care technology – 0.1%** | **Health care technology – 0.1%** |  |
| Claritev Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32105 |
| Doximity, Inc., Class A (A) | &nbsp;&nbsp;20261 | &nbsp;&nbsp;&nbsp;&nbsp;897157 |
| Evolent Health, Inc., Class A (A) | &nbsp;&nbsp;11741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46964 |
| Health Catalyst, Inc. (A) | &nbsp;&nbsp;&nbsp;7527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17990 |
| HealthStream, Inc. | &nbsp;&nbsp;&nbsp;2566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59198 |
| HeartFlow, Inc. (A) | &nbsp;&nbsp;&nbsp;1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57221 |
| LifeMD, Inc. (A) | &nbsp;&nbsp;&nbsp;4190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14288 |
| M3, Inc. | &nbsp;&nbsp;50961 | &nbsp;&nbsp;&nbsp;&nbsp;685569 |
| OptimizeRx Corp. (A) | &nbsp;&nbsp;&nbsp;1619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19849 |
| Phreesia, Inc. (A) | &nbsp;&nbsp;&nbsp;5668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95903 |
| Pro Medicus, Ltd. | &nbsp;&nbsp;&nbsp;6636 | &nbsp;&nbsp;&nbsp;&nbsp;974584 |
| Schrodinger, Inc. (A) | &nbsp;&nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99413 |
| Simulations Plus, Inc. (A) | &nbsp;&nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30772 |
| Teladoc Health, Inc. (A) | &nbsp;&nbsp;17360 | &nbsp;&nbsp;&nbsp;&nbsp;121520 |
| TruBridge, Inc. (A) | &nbsp;&nbsp;&nbsp;1068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23571 |
| Waystar Holding Corp. (A) | &nbsp;&nbsp;10771 | &nbsp;&nbsp;&nbsp;&nbsp;352750 |
|  |  | &nbsp;&nbsp;&nbsp;3528854 |
| **Life sciences tools and services – 0.7%** | **Life sciences tools and services – 0.7%** |  |
| 10X Genomics, Inc., Class A (A) | &nbsp;&nbsp;10785 | &nbsp;&nbsp;&nbsp;&nbsp;175903 |
| Adaptive Biotechnologies Corp. (A) | &nbsp;&nbsp;14578 | &nbsp;&nbsp;&nbsp;&nbsp;236747 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;17271 | &nbsp;&nbsp;&nbsp;2350065 |
| Avantor, Inc. (A) | 100561 | &nbsp;&nbsp;&nbsp;1152429 |
| Azenta, Inc. (A) | &nbsp;&nbsp;&nbsp;4010 | &nbsp;&nbsp;&nbsp;&nbsp;133373 |
| BioLife Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;4055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98050 |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2682 | &nbsp;&nbsp;&nbsp;&nbsp;812619 |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;9492 | &nbsp;&nbsp;&nbsp;&nbsp;558225 |
| Bruker Corp. | &nbsp;&nbsp;16359 | &nbsp;&nbsp;&nbsp;&nbsp;770672 |
| Charles River Laboratories International, Inc. (A) | &nbsp;&nbsp;&nbsp;2998 | &nbsp;&nbsp;&nbsp;&nbsp;598041 |
| Codexis, Inc. (A) | &nbsp;&nbsp;10596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17271 |
| CryoPort, Inc. (A) | &nbsp;&nbsp;&nbsp;4862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46675 |
| Cytek Biosciences, Inc. (A) | &nbsp;&nbsp;11418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57661 |
| Danaher Corp. | &nbsp;&nbsp;38299 | &nbsp;&nbsp;&nbsp;8767407 |
| Eurofins Scientific SE | &nbsp;&nbsp;13670 | &nbsp;&nbsp;&nbsp;&nbsp;999665 |
| Fortrea Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8926 | &nbsp;&nbsp;&nbsp;&nbsp;153974 |
| Ginkgo Bioworks Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;4080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33905 |
| Illumina, Inc. (A) | &nbsp;&nbsp;22537 | &nbsp;&nbsp;&nbsp;2955953 |
| IQVIA Holdings, Inc. (A) | &nbsp;&nbsp;10375 | &nbsp;&nbsp;&nbsp;2338629 |
| Lifecore Biomedical, Inc. (A) | &nbsp;&nbsp;&nbsp;2902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23738 |
| Lonza Group AG | &nbsp;&nbsp;&nbsp;8108 | &nbsp;&nbsp;&nbsp;5466573 |
| Maravai LifeSciences Holdings, Inc., Class A (A) | &nbsp;&nbsp;10989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35714 |
| MaxCyte, Inc. (A) | &nbsp;&nbsp;11128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17248 |
| Medpace Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3282 | &nbsp;&nbsp;&nbsp;1843335 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41527 |
| Mettler-Toledo International, Inc. (A) | &nbsp;&nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;1734372 |
| Niagen Bioscience, Inc. (A) | &nbsp;&nbsp;&nbsp;5213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33155 |
| OmniAb, Inc. (A) | &nbsp;&nbsp;&nbsp;8523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15768 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Life sciences tools and services (continued)** | **Life sciences tools and services (continued)** |  |
| OmniAb, Inc., $12.50 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734 |
| OmniAb, Inc., $15.00 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 |
| Pacific Biosciences of California, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;26249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49086 |
| Personalis, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39211 |
| QIAGEN NV | &nbsp;&nbsp;&nbsp;&nbsp;25001 | &nbsp;&nbsp;&nbsp;1136968 |
| Quanterix Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28416 |
| Quantum-Si, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;15576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17134 |
| Repligen Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7804 | &nbsp;&nbsp;&nbsp;1278763 |
| Revvity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6907 | &nbsp;&nbsp;&nbsp;&nbsp;668252 |
| Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;&nbsp;3371 | &nbsp;&nbsp;&nbsp;&nbsp;827990 |
| Sotera Health Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;30588 | &nbsp;&nbsp;&nbsp;&nbsp;539572 |
| Standard BioTools, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;29137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37295 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22889 | 13263031 |
| Waters Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3627 | &nbsp;&nbsp;&nbsp;1377643 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4383 | &nbsp;&nbsp;&nbsp;1205939 |
|  |  | 51939358 |
| **Pharmaceuticals – 4.7%** | **Pharmaceuticals – 4.7%** |  |
| Aardvark Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16931 |
| Aclaris Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;9288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27957 |
| Alumis, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54109 |
| Amneal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;14775 | &nbsp;&nbsp;&nbsp;&nbsp;186165 |
| Amphastar Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95149 |
| Amylyx Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8690 | &nbsp;&nbsp;&nbsp;&nbsp;104975 |
| ANI Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1763 | &nbsp;&nbsp;&nbsp;&nbsp;139171 |
| Aquestive Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66247 |
| Arvinas, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76011 |
| Astellas Pharma, Inc. | &nbsp;&nbsp;208919 | &nbsp;&nbsp;&nbsp;2780610 |
| AstraZeneca PLC | &nbsp;&nbsp;179023 | 33129869 |
| Atea Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27714 |
| Avadel Pharmaceuticals PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;&nbsp;187485 |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3987 | &nbsp;&nbsp;&nbsp;&nbsp;728186 |
| Bayer AG | &nbsp;&nbsp;113418 | &nbsp;&nbsp;&nbsp;4919592 |
| BioAge Labs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31501 |
| Bristol-Myers Squibb Company | &nbsp;&nbsp;124022 | &nbsp;&nbsp;&nbsp;6689747 |
| Chugai Pharmaceutical Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;77537 | &nbsp;&nbsp;&nbsp;4067712 |
| Collegium Pharmaceutical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3051 | &nbsp;&nbsp;&nbsp;&nbsp;141261 |
| CorMedix, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;7293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84818 |
| Crinetics Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8834 | &nbsp;&nbsp;&nbsp;&nbsp;411223 |
| Daiichi Sankyo Company, Ltd. | &nbsp;&nbsp;207762 | &nbsp;&nbsp;&nbsp;4411730 |
| Edgewise Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6602 | &nbsp;&nbsp;&nbsp;&nbsp;163829 |
| Eisai Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;30303 | &nbsp;&nbsp;&nbsp;&nbsp;899722 |
| Elanco Animal Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;73283 | &nbsp;&nbsp;&nbsp;1658394 |
| Eli Lilly & Company | &nbsp;&nbsp;&nbsp;&nbsp;48380 | 51993018 |
| Enliven Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60029 |
| Esperion Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;22843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84519 |
| Eton Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41446 |
| Evolus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34700 |
| EyePoint, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7396 | &nbsp;&nbsp;&nbsp;&nbsp;135125 |
| Financiere de Tubize SA | &nbsp;&nbsp;&nbsp;&nbsp;2312 | &nbsp;&nbsp;&nbsp;&nbsp;564230 |
| Fulcrum Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46756 |
| Galderma Group AG | &nbsp;&nbsp;&nbsp;&nbsp;17852 | &nbsp;&nbsp;&nbsp;3635251 |
| GSK PLC | &nbsp;&nbsp;469256 | 11504850 |
| Haleon PLC | 1028215 | &nbsp;&nbsp;&nbsp;5195963 |
| Harmony Biosciences Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4262 | &nbsp;&nbsp;&nbsp;&nbsp;159484 |
| Harrow, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3080 | &nbsp;&nbsp;&nbsp;&nbsp;150920 |
| Hikma Pharmaceuticals PLC | &nbsp;&nbsp;&nbsp;&nbsp;19212 | &nbsp;&nbsp;&nbsp;&nbsp;400511 |
| Indivior PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;11806 | &nbsp;&nbsp;&nbsp;&nbsp;423599 |
| Innoviva, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6102 | &nbsp;&nbsp;&nbsp;&nbsp;121979 |
| Ipsen SA | &nbsp;&nbsp;&nbsp;&nbsp;4354 | &nbsp;&nbsp;&nbsp;&nbsp;607511 |
| Jazz Pharmaceuticals PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;8962 | &nbsp;&nbsp;&nbsp;1523540 |
| Johnson & Johnson | &nbsp;&nbsp;146780 | 30376121 |
| Journey Medical Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10162 |
| Kyowa Kirin Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;27307 | &nbsp;&nbsp;&nbsp;&nbsp;439498 |
| LB Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43251 |
| LENZ Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25808 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 131 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |  |
| Ligand Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;1882 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355830 |
| Liquidia Corp. (A) | &nbsp;&nbsp;&nbsp;6258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215838 |
| Maze Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;2105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87210 |
| MBX Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;2783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87776 |
| MediWound, Ltd. (A) | &nbsp;&nbsp;&nbsp;1044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19272 |
| Merck & Company, Inc. | 151210 | &nbsp;&nbsp;&nbsp;15916365 |
| Merck KGaA | &nbsp;&nbsp;14921 | &nbsp;&nbsp;&nbsp;&nbsp;2129572 |
| Mind Medicine MindMed, Inc. (A) | &nbsp;&nbsp;&nbsp;9218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123429 |
| Novartis AG | 219485 | &nbsp;&nbsp;&nbsp;30244129 |
| Novo Nordisk A/S, Class B | 371810 | &nbsp;&nbsp;&nbsp;18857630 |
| Nuvation Bio, Inc. (A) | &nbsp;&nbsp;23518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210721 |
| Ocular Therapeutix, Inc. (A) | &nbsp;&nbsp;18174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220632 |
| Omeros Corp. (A)(C) | &nbsp;&nbsp;&nbsp;6457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110899 |
| Orion OYJ, Class B | &nbsp;&nbsp;12612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940951 |
| Otsuka Holdings Company, Ltd. | &nbsp;&nbsp;50149 | &nbsp;&nbsp;&nbsp;&nbsp;2836387 |
| Pacira BioSciences, Inc. (A) | &nbsp;&nbsp;&nbsp;4349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112552 |
| Pfizer, Inc. | 346388 | &nbsp;&nbsp;&nbsp;&nbsp;8625061 |
| Phathom Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;3891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64552 |
| Phibro Animal Health Corp., Class A | &nbsp;&nbsp;&nbsp;1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73338 |
| Poseida Therapeutics, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;9992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4996 |
| Prestige Consumer Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;4804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296359 |
| Rapport Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;2804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85073 |
| Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;13278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753776 |
| Roche Holding AG | &nbsp;&nbsp;81109 | &nbsp;&nbsp;&nbsp;33495596 |
| Roche Holding AG, Bearer Shares | &nbsp;&nbsp;&nbsp;3695 | &nbsp;&nbsp;&nbsp;&nbsp;1560347 |
| Sandoz Group AG | &nbsp;&nbsp;48257 | &nbsp;&nbsp;&nbsp;&nbsp;3503756 |
| Sanofi SA | 127537 | &nbsp;&nbsp;&nbsp;12339863 |
| Septerna, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57823 |
| Shionogi & Company, Ltd. | &nbsp;&nbsp;87299 | &nbsp;&nbsp;&nbsp;&nbsp;1580096 |
| SIGA Technologies, Inc. | &nbsp;&nbsp;&nbsp;4077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24910 |
| Supernus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;5251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260975 |
| Takeda Pharmaceutical Company, Ltd. | 183674 | &nbsp;&nbsp;&nbsp;&nbsp;5705878 |
| Tarsus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;3814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312290 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;8352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337421 |
| Teva Pharmaceutical Industries, Ltd., ADR (A) | 132399 | &nbsp;&nbsp;&nbsp;&nbsp;4132173 |
| Theravance Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;3752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70200 |
| Third Harmonic Bio, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;4081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122 |
| Trevi Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;8877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111140 |
| UCB SA | &nbsp;&nbsp;14596 | &nbsp;&nbsp;&nbsp;&nbsp;4066830 |
| Viatris, Inc. | &nbsp;&nbsp;70167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873579 |
| WaVe Life Sciences, Ltd. (A) | &nbsp;&nbsp;11316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192372 |
| Xeris Biopharma Holdings, Inc. (A) | &nbsp;&nbsp;14994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117703 |
| Zevra Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;5485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49146 |
| Zoetis, Inc. | &nbsp;&nbsp;26848 | &nbsp;&nbsp;&nbsp;&nbsp;3378015 |
|  |  | 323220962 |
|  |  | 703202124 |
| **Industrials – 13.0%** |  |  |
| **Aerospace and defense – 2.6%** | **Aerospace and defense – 2.6%** |  |
| AAR Corp. (A) | &nbsp;&nbsp;&nbsp;3811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315513 |
| AeroVironment, Inc. (A) | &nbsp;&nbsp;&nbsp;8375 | &nbsp;&nbsp;&nbsp;&nbsp;2025829 |
| AerSale Corp. (A) | &nbsp;&nbsp;&nbsp;3248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23093 |
| Airbus SE | &nbsp;&nbsp;68600 | &nbsp;&nbsp;&nbsp;15930551 |
| Archer Aviation, Inc., Class A (A) | &nbsp;&nbsp;61451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462112 |
| Astronics Corp. (A) | &nbsp;&nbsp;&nbsp;2986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161961 |
| ATI, Inc. (A) | &nbsp;&nbsp;20039 | &nbsp;&nbsp;&nbsp;&nbsp;2299676 |
| Axon Enterprise, Inc. (A) | &nbsp;&nbsp;&nbsp;4807 | &nbsp;&nbsp;&nbsp;&nbsp;2730040 |
| BAE Systems PLC | 346911 | &nbsp;&nbsp;&nbsp;&nbsp;7984177 |
| BWX Technologies, Inc. | &nbsp;&nbsp;13485 | &nbsp;&nbsp;&nbsp;&nbsp;2330747 |
| Byrna Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;1787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30004 |
| Cadre Holdings, Inc. | &nbsp;&nbsp;&nbsp;2792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114025 |
| Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;7348 | &nbsp;&nbsp;&nbsp;&nbsp;2313444 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;5439 | &nbsp;&nbsp;&nbsp;&nbsp;2998358 |
| Dassault Aviation SA | &nbsp;&nbsp;&nbsp;2263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725530 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Aerospace and defense (continued)** | **Aerospace and defense (continued)** |  |
| Ducommun, Inc. (A) | &nbsp;&nbsp;&nbsp;1348 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128235 |
| Elbit Systems, Ltd. | &nbsp;&nbsp;&nbsp;3212 | &nbsp;&nbsp;&nbsp;&nbsp;1844093 |
| Eve Holding, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;9591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38268 |
| Firefly Aerospace, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47469 |
| General Dynamics Corp. | &nbsp;&nbsp;15446 | &nbsp;&nbsp;&nbsp;&nbsp;5200050 |
| General Electric Company | &nbsp;&nbsp;64262 | &nbsp;&nbsp;&nbsp;19794624 |
| Hensoldt AG | &nbsp;&nbsp;&nbsp;7334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628152 |
| Hexcel Corp. | &nbsp;&nbsp;11741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867660 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;24495 | &nbsp;&nbsp;&nbsp;&nbsp;5021965 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;2391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813107 |
| Intuitive Machines, Inc. (A) | &nbsp;&nbsp;10670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173174 |
| Kongsberg Gruppen ASA | &nbsp;&nbsp;50774 | &nbsp;&nbsp;&nbsp;&nbsp;1301097 |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;41132 | &nbsp;&nbsp;&nbsp;&nbsp;3122330 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;11396 | &nbsp;&nbsp;&nbsp;&nbsp;3345524 |
| Leonardo SpA | &nbsp;&nbsp;46722 | &nbsp;&nbsp;&nbsp;&nbsp;2672523 |
| Lockheed Martin Corp. | &nbsp;&nbsp;12406 | &nbsp;&nbsp;&nbsp;&nbsp;6000410 |
| Melrose Industries PLC | 145679 | &nbsp;&nbsp;&nbsp;&nbsp;1148962 |
| Mercury Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;5065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369796 |
| Moog, Inc., Class A | &nbsp;&nbsp;&nbsp;2734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665866 |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;6214 | &nbsp;&nbsp;&nbsp;&nbsp;2575877 |
| National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54875 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;8173 | &nbsp;&nbsp;&nbsp;&nbsp;4660326 |
| Park Aerospace Corp. | &nbsp;&nbsp;&nbsp;1881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40141 |
| Redwire Corp. (A)(C) | &nbsp;&nbsp;&nbsp;7206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54766 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp;5311 | &nbsp;&nbsp;&nbsp;&nbsp;9689356 |
| Rolls-Royce Holdings PLC | 971643 | &nbsp;&nbsp;&nbsp;15027154 |
| RTX Corp. | &nbsp;&nbsp;81683 | &nbsp;&nbsp;&nbsp;14980662 |
| Saab AB, B Shares | &nbsp;&nbsp;36979 | &nbsp;&nbsp;&nbsp;&nbsp;2145530 |
| Safran SA | &nbsp;&nbsp;41571 | &nbsp;&nbsp;&nbsp;14479880 |
| Satellogic, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;8542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15974 |
| Singapore Technologies Engineering, Ltd. | 180240 | &nbsp;&nbsp;&nbsp;&nbsp;1177705 |
| Textron, Inc. | &nbsp;&nbsp;10736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935857 |
| Thales SA | &nbsp;&nbsp;10699 | &nbsp;&nbsp;&nbsp;&nbsp;2886224 |
| The Boeing Company (A) | &nbsp;&nbsp;47705 | &nbsp;&nbsp;&nbsp;10357710 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;3431 | &nbsp;&nbsp;&nbsp;&nbsp;4562715 |
| V2X, Inc. (A) | &nbsp;&nbsp;&nbsp;2261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123338 |
| Voyager Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36465 |
| VSE Corp. | &nbsp;&nbsp;&nbsp;2235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386141 |
| Woodward, Inc. | &nbsp;&nbsp;&nbsp;8844 | &nbsp;&nbsp;&nbsp;&nbsp;2673718 |
|  |  | 180492779 |
| **Air freight and logistics – 0.4%** | **Air freight and logistics – 0.4%** |  |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;7197 | &nbsp;&nbsp;&nbsp;&nbsp;1156990 |
| DHL Group | 110828 | &nbsp;&nbsp;&nbsp;&nbsp;6042974 |
| DSV A/S | &nbsp;&nbsp;23595 | &nbsp;&nbsp;&nbsp;&nbsp;5942549 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp;8165 | &nbsp;&nbsp;&nbsp;&nbsp;1216667 |
| FedEx Corp. | &nbsp;&nbsp;13225 | &nbsp;&nbsp;&nbsp;&nbsp;3820174 |
| Forward Air Corp. (A) | &nbsp;&nbsp;&nbsp;2113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52825 |
| GXO Logistics, Inc. (A) | &nbsp;&nbsp;16886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888879 |
| Hub Group, Inc., Class A | &nbsp;&nbsp;&nbsp;5839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248800 |
| InPost SA (A) | &nbsp;&nbsp;28861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354665 |
| Radiant Logistics, Inc. (A) | &nbsp;&nbsp;&nbsp;4322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27358 |
| SG Holdings Company, Ltd. | &nbsp;&nbsp;33269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304334 |
| United Parcel Service, Inc., Class B | &nbsp;&nbsp;45021 | &nbsp;&nbsp;&nbsp;&nbsp;4465633 |
|  |  | &nbsp;&nbsp;&nbsp;24521848 |
| **Building products – 0.7%** | **Building products – 0.7%** |  |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;6907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461940 |
| AAON, Inc. | &nbsp;&nbsp;&nbsp;9981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761051 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;10552 | &nbsp;&nbsp;&nbsp;&nbsp;1528246 |
| AGC, Inc. | &nbsp;&nbsp;22591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749202 |
| Allegion PLC | &nbsp;&nbsp;&nbsp;5241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834472 |
| American Woodmark Corp. (A) | &nbsp;&nbsp;&nbsp;1380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74382 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;2094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76243 |
| Assa Abloy AB, B Shares | 115712 | &nbsp;&nbsp;&nbsp;&nbsp;4470052 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 132 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Building products (continued)** | **Building products (continued)** |  |
| AZZ, Inc. | &nbsp;&nbsp;&nbsp;2875 | $&nbsp;&nbsp;&nbsp;&nbsp;308143 |
| Belimo Holding AG | &nbsp;&nbsp;&nbsp;1136 | &nbsp;&nbsp;&nbsp;1109944 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;&nbsp;6737 | &nbsp;&nbsp;&nbsp;&nbsp;693170 |
| Carlisle Companies, Inc. | &nbsp;&nbsp;&nbsp;6148 | &nbsp;&nbsp;&nbsp;1966499 |
| Carrier Global Corp. | &nbsp;&nbsp;48231 | &nbsp;&nbsp;&nbsp;2548526 |
| Cie de Saint-Gobain SA | &nbsp;&nbsp;51854 | &nbsp;&nbsp;&nbsp;5273130 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;1587 | &nbsp;&nbsp;&nbsp;&nbsp;465832 |
| Daikin Industries, Ltd. | &nbsp;&nbsp;30455 | &nbsp;&nbsp;&nbsp;3894945 |
| Fortune Brands Innovations, Inc. | &nbsp;&nbsp;17719 | &nbsp;&nbsp;&nbsp;&nbsp;886304 |
| Geberit AG | &nbsp;&nbsp;&nbsp;3916 | &nbsp;&nbsp;&nbsp;3041252 |
| Gibraltar Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;2940 | &nbsp;&nbsp;&nbsp;&nbsp;145354 |
| Griffon Corp. | &nbsp;&nbsp;&nbsp;3726 | &nbsp;&nbsp;&nbsp;&nbsp;274420 |
| Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;1814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57449 |
| Janus International Group, Inc. (A) | &nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87636 |
| JELD-WEN Holding, Inc. (A) | &nbsp;&nbsp;&nbsp;8873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21828 |
| Johnson Controls International PLC | &nbsp;&nbsp;37231 | &nbsp;&nbsp;&nbsp;4458412 |
| Kingspan Group PLC | &nbsp;&nbsp;17737 | &nbsp;&nbsp;&nbsp;1528378 |
| Lennox International, Inc. | &nbsp;&nbsp;&nbsp;1944 | &nbsp;&nbsp;&nbsp;&nbsp;943968 |
| Masco Corp. | &nbsp;&nbsp;12652 | &nbsp;&nbsp;&nbsp;&nbsp;802896 |
| Masterbrand, Inc. (A) | &nbsp;&nbsp;12514 | &nbsp;&nbsp;&nbsp;&nbsp;138155 |
| Modine Manufacturing Company (A) | &nbsp;&nbsp;&nbsp;5102 | &nbsp;&nbsp;&nbsp;&nbsp;681168 |
| Nibe Industrier AB, B Shares | 174961 | &nbsp;&nbsp;&nbsp;&nbsp;668767 |
| Owens Corning | &nbsp;&nbsp;12123 | &nbsp;&nbsp;&nbsp;1356685 |
| Quanex Building Products Corp. | &nbsp;&nbsp;&nbsp;4475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68826 |
| Resideo Technologies, Inc. (A) | &nbsp;&nbsp;12594 | &nbsp;&nbsp;&nbsp;&nbsp;442301 |
| ROCKWOOL A/S, B Shares | &nbsp;&nbsp;11163 | &nbsp;&nbsp;&nbsp;&nbsp;392199 |
| Simpson Manufacturing Company, Inc. | &nbsp;&nbsp;&nbsp;6115 | &nbsp;&nbsp;&nbsp;&nbsp;987389 |
| Tecnoglass, Inc. | &nbsp;&nbsp;&nbsp;2659 | &nbsp;&nbsp;&nbsp;&nbsp;133801 |
| Trane Technologies PLC | &nbsp;&nbsp;13509 | &nbsp;&nbsp;&nbsp;5257703 |
| Trex Company, Inc. (A) | &nbsp;&nbsp;15819 | &nbsp;&nbsp;&nbsp;&nbsp;554931 |
| UFP Industries, Inc. | &nbsp;&nbsp;14231 | &nbsp;&nbsp;&nbsp;1295733 |
| Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;14599 | &nbsp;&nbsp;&nbsp;&nbsp;678708 |
|  |  | 50120040 |
| **Commercial services and supplies – 0.5%** | **Commercial services and supplies – 0.5%** |  |
| ABM Industries, Inc. | &nbsp;&nbsp;&nbsp;5950 | &nbsp;&nbsp;&nbsp;&nbsp;251685 |
| ACCO Brands Corp. | &nbsp;&nbsp;&nbsp;9005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33589 |
| ACV Auctions, Inc., Class A (A) | &nbsp;&nbsp;16582 | &nbsp;&nbsp;&nbsp;&nbsp;132988 |
| Brambles, Ltd. | 157289 | &nbsp;&nbsp;&nbsp;2401851 |
| BrightView Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90755 |
| Casella Waste Systems, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6128 | &nbsp;&nbsp;&nbsp;&nbsp;600176 |
| Cimpress PLC (A) | &nbsp;&nbsp;&nbsp;1714 | &nbsp;&nbsp;&nbsp;&nbsp;114135 |
| Cintas Corp. | &nbsp;&nbsp;20810 | &nbsp;&nbsp;&nbsp;3913737 |
| Clean Harbors, Inc. (A) | &nbsp;&nbsp;&nbsp;7408 | &nbsp;&nbsp;&nbsp;1737028 |
| Copart, Inc. (A) | &nbsp;&nbsp;54246 | &nbsp;&nbsp;&nbsp;2123731 |
| CoreCivic, Inc. (A) | &nbsp;&nbsp;10293 | &nbsp;&nbsp;&nbsp;&nbsp;196699 |
| Dai Nippon Printing Company, Ltd. | &nbsp;&nbsp;45412 | &nbsp;&nbsp;&nbsp;&nbsp;781721 |
| Deluxe Corp. | &nbsp;&nbsp;&nbsp;4261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95148 |
| Ennis, Inc. | &nbsp;&nbsp;&nbsp;2358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42468 |
| Enviri Corp. (A) | &nbsp;&nbsp;&nbsp;7407 | &nbsp;&nbsp;&nbsp;&nbsp;132733 |
| Healthcare Services Group, Inc. (A) | &nbsp;&nbsp;&nbsp;6871 | &nbsp;&nbsp;&nbsp;&nbsp;131374 |
| HNI Corp. | &nbsp;&nbsp;&nbsp;6207 | &nbsp;&nbsp;&nbsp;&nbsp;260942 |
| Interface, Inc. | &nbsp;&nbsp;&nbsp;5690 | &nbsp;&nbsp;&nbsp;&nbsp;158865 |
| Liquidity Services, Inc. (A) | &nbsp;&nbsp;&nbsp;2273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68895 |
| MillerKnoll, Inc. | &nbsp;&nbsp;&nbsp;6748 | &nbsp;&nbsp;&nbsp;&nbsp;123353 |
| Montrose Environmental Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80350 |
| MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;5428 | &nbsp;&nbsp;&nbsp;&nbsp;869240 |
| OPENLANE, Inc. (A) | &nbsp;&nbsp;10251 | &nbsp;&nbsp;&nbsp;&nbsp;305275 |
| Perma-Fix Environmental Services, Inc. (A) | &nbsp;&nbsp;&nbsp;1791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22549 |
| Pitney Bowes, Inc. | &nbsp;&nbsp;15699 | &nbsp;&nbsp;&nbsp;&nbsp;165938 |
| Quad/Graphics, Inc. | &nbsp;&nbsp;&nbsp;3104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19462 |
| RB Global, Inc. | &nbsp;&nbsp;27388 | &nbsp;&nbsp;&nbsp;2817404 |
| Rentokil Initial PLC | 291622 | &nbsp;&nbsp;&nbsp;1739960 |
| Republic Services, Inc. | &nbsp;&nbsp;12258 | &nbsp;&nbsp;&nbsp;2597838 |
| Rollins, Inc. | &nbsp;&nbsp;17881 | &nbsp;&nbsp;&nbsp;1073218 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Commercial services and supplies (continued)** | **Commercial services and supplies (continued)** |  |
| Secom Company, Ltd. | &nbsp;&nbsp;45788 | $&nbsp;&nbsp;&nbsp;1627039 |
| Securitas AB, B Shares | &nbsp;&nbsp;56776 | &nbsp;&nbsp;&nbsp;&nbsp;902915 |
| Tetra Tech, Inc. | &nbsp;&nbsp;38557 | &nbsp;&nbsp;&nbsp;1293202 |
| The Brink's Company | &nbsp;&nbsp;10220 | &nbsp;&nbsp;&nbsp;1192981 |
| The GEO Group, Inc. (A) | &nbsp;&nbsp;13180 | &nbsp;&nbsp;&nbsp;&nbsp;212462 |
| TOPPAN Holdings, Inc. | &nbsp;&nbsp;27218 | &nbsp;&nbsp;&nbsp;&nbsp;809101 |
| UniFirst Corp. | &nbsp;&nbsp;&nbsp;1435 | &nbsp;&nbsp;&nbsp;&nbsp;276812 |
| Veralto Corp. | &nbsp;&nbsp;15127 | &nbsp;&nbsp;&nbsp;1509372 |
| Vestis Corp. | &nbsp;&nbsp;11276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75211 |
| Waste Management, Inc. | &nbsp;&nbsp;22580 | &nbsp;&nbsp;&nbsp;4961052 |
|  |  | 35943254 |
| **Construction and engineering – 0.7%** | **Construction and engineering – 0.7%** |  |
| ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp;20386 | &nbsp;&nbsp;&nbsp;2023622 |
| AECOM | &nbsp;&nbsp;19535 | &nbsp;&nbsp;&nbsp;1862272 |
| Ameresco, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92410 |
| API Group Corp. (A) | &nbsp;&nbsp;54595 | &nbsp;&nbsp;&nbsp;2088805 |
| Arcosa, Inc. | &nbsp;&nbsp;&nbsp;4744 | &nbsp;&nbsp;&nbsp;&nbsp;504382 |
| Argan, Inc. | &nbsp;&nbsp;&nbsp;1308 | &nbsp;&nbsp;&nbsp;&nbsp;409823 |
| Bouygues SA | &nbsp;&nbsp;22140 | &nbsp;&nbsp;&nbsp;1150955 |
| Bowman Consulting Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;1379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45535 |
| Centuri Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;&nbsp;194425 |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;2144 | &nbsp;&nbsp;&nbsp;2000974 |
| Construction Partners, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4584 | &nbsp;&nbsp;&nbsp;&nbsp;497593 |
| Dycom Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;6998 | &nbsp;&nbsp;&nbsp;2364624 |
| Eiffage SA | &nbsp;&nbsp;&nbsp;7920 | &nbsp;&nbsp;&nbsp;1134772 |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;2727 | &nbsp;&nbsp;&nbsp;1668351 |
| Ferrovial SE | &nbsp;&nbsp;59297 | &nbsp;&nbsp;&nbsp;3841891 |
| Fluor Corp. (A) | &nbsp;&nbsp;39459 | &nbsp;&nbsp;&nbsp;1563760 |
| Granite Construction, Inc. | &nbsp;&nbsp;&nbsp;4247 | &nbsp;&nbsp;&nbsp;&nbsp;489891 |
| Great Lakes Dredge & Dock Corp. (A) | &nbsp;&nbsp;&nbsp;6642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87143 |
| HOCHTIEF AG | &nbsp;&nbsp;&nbsp;1794 | &nbsp;&nbsp;&nbsp;&nbsp;702318 |
| IES Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;343505 |
| Kajima Corp. | &nbsp;&nbsp;48825 | &nbsp;&nbsp;&nbsp;1820562 |
| Legence Corp., Class A (A) | &nbsp;&nbsp;&nbsp;3641 | &nbsp;&nbsp;&nbsp;&nbsp;156709 |
| Limbach Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81431 |
| MasTec, Inc. (A) | &nbsp;&nbsp;&nbsp;9047 | &nbsp;&nbsp;&nbsp;1966546 |
| Matrix Service Company (A) | &nbsp;&nbsp;&nbsp;2908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34024 |
| MYR Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1505 | &nbsp;&nbsp;&nbsp;&nbsp;328843 |
| NWPX Infrastructure, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58303 |
| Obayashi Corp. | &nbsp;&nbsp;73454 | &nbsp;&nbsp;&nbsp;1537238 |
| Orion Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37732 |
| Primoris Services Corp. | &nbsp;&nbsp;&nbsp;5270 | &nbsp;&nbsp;&nbsp;&nbsp;654218 |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;9084 | &nbsp;&nbsp;&nbsp;3833993 |
| Skanska AB, B Shares | &nbsp;&nbsp;39289 | &nbsp;&nbsp;&nbsp;1070559 |
| Sterling Infrastructure, Inc. (A) | &nbsp;&nbsp;&nbsp;7437 | &nbsp;&nbsp;&nbsp;2277433 |
| Taisei Corp. | &nbsp;&nbsp;16917 | &nbsp;&nbsp;&nbsp;1603239 |
| Tutor Perini Corp. | &nbsp;&nbsp;&nbsp;4341 | &nbsp;&nbsp;&nbsp;&nbsp;290934 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;2906 | &nbsp;&nbsp;&nbsp;1169142 |
| Vinci SA | &nbsp;&nbsp;57595 | &nbsp;&nbsp;&nbsp;8102641 |
|  |  | 48090598 |
| **Electrical equipment – 1.6%** | **Electrical equipment – 1.6%** |  |
| ABB, Ltd. | 180942 | 13338591 |
| Acuity, Inc. | &nbsp;&nbsp;&nbsp;4486 | &nbsp;&nbsp;&nbsp;1615139 |
| Allient, Inc. | &nbsp;&nbsp;&nbsp;1401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75304 |
| American Superconductor Corp. (A) | &nbsp;&nbsp;&nbsp;4273 | &nbsp;&nbsp;&nbsp;&nbsp;122977 |
| AMETEK, Inc. | &nbsp;&nbsp;14024 | &nbsp;&nbsp;&nbsp;2879267 |
| Amprius Technologies, Inc. (A) | &nbsp;&nbsp;10761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84904 |
| Array Technologies, Inc. (A) | &nbsp;&nbsp;14809 | &nbsp;&nbsp;&nbsp;&nbsp;136539 |
| Atkore, Inc. | &nbsp;&nbsp;&nbsp;3281 | &nbsp;&nbsp;&nbsp;&nbsp;207523 |
| Bloom Energy Corp., Class A (A) | &nbsp;&nbsp;21290 | &nbsp;&nbsp;&nbsp;1849888 |
| Eaton Corp. PLC | &nbsp;&nbsp;23662 | &nbsp;&nbsp;&nbsp;7536584 |
| Emerson Electric Company | &nbsp;&nbsp;34226 | &nbsp;&nbsp;&nbsp;4542475 |
| EnerSys | &nbsp;&nbsp;&nbsp;9060 | &nbsp;&nbsp;&nbsp;1329555 |
| Enovix Corp. (A) | &nbsp;&nbsp;16518 | &nbsp;&nbsp;&nbsp;&nbsp;120747 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 133 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electrical equipment (continued)** | **Electrical equipment (continued)** |  |
| Eos Energy Enterprises, Inc. (A) | &nbsp;&nbsp;30075 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344660 |
| Fluence Energy, Inc. (A) | &nbsp;&nbsp;&nbsp;6228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123190 |
| Fuji Electric Company, Ltd. | &nbsp;&nbsp;16374 | &nbsp;&nbsp;&nbsp;&nbsp;1241722 |
| Fujikura, Ltd. | &nbsp;&nbsp;29033 | &nbsp;&nbsp;&nbsp;&nbsp;3219627 |
| GE Vernova, Inc. | &nbsp;&nbsp;16529 | &nbsp;&nbsp;&nbsp;10802859 |
| Generac Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487523 |
| Hubbell, Inc. | &nbsp;&nbsp;&nbsp;3238 | &nbsp;&nbsp;&nbsp;&nbsp;1438028 |
| Hyliion Holdings Corp. (A) | &nbsp;&nbsp;12776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23508 |
| KULR Technology Group, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;3912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11580 |
| Legrand SA | &nbsp;&nbsp;30275 | &nbsp;&nbsp;&nbsp;&nbsp;4500761 |
| LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;2811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51498 |
| Mitsubishi Electric Corp. | 219566 | &nbsp;&nbsp;&nbsp;&nbsp;6401851 |
| NANO Nuclear Energy, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;3902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93687 |
| Nextpower, Inc., Class A (A) | &nbsp;&nbsp;36093 | &nbsp;&nbsp;&nbsp;&nbsp;3144061 |
| Nidec Corp. | &nbsp;&nbsp;96374 | &nbsp;&nbsp;&nbsp;&nbsp;1308567 |
| NuScale Power Corp. (A) | &nbsp;&nbsp;12358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175113 |
| nVent Electric PLC | &nbsp;&nbsp;23799 | &nbsp;&nbsp;&nbsp;&nbsp;2426784 |
| Plug Power, Inc. (A) | 109807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216320 |
| Powell Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296465 |
| Power Solutions International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47826 |
| Preformed Line Products Company | &nbsp;&nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53124 |
| Prysmian SpA | &nbsp;&nbsp;32503 | &nbsp;&nbsp;&nbsp;&nbsp;3242411 |
| Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp;9792 | &nbsp;&nbsp;&nbsp;&nbsp;1374013 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;6840 | &nbsp;&nbsp;&nbsp;&nbsp;2661239 |
| Schneider Electric SE | &nbsp;&nbsp;63296 | &nbsp;&nbsp;&nbsp;17316218 |
| Sensata Technologies Holding PLC | &nbsp;&nbsp;21486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715269 |
| Shoals Technologies Group, Inc., Class A (A) | &nbsp;&nbsp;16395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139358 |
| Siemens Energy AG (A) | &nbsp;&nbsp;89471 | &nbsp;&nbsp;&nbsp;12551757 |
| SKYX Platforms Corp. (A) | &nbsp;&nbsp;&nbsp;7818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16965 |
| SunPower, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;6442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10114 |
| Sunrun, Inc. (A) | &nbsp;&nbsp;21781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400770 |
| T1 Energy, Inc. (A) | &nbsp;&nbsp;13033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87060 |
| Thermon Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;3228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119952 |
| Vestas Wind Systems A/S | 116586 | &nbsp;&nbsp;&nbsp;&nbsp;3153325 |
| Vicor Corp. (A) | &nbsp;&nbsp;&nbsp;2245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246052 |
|  |  | 112282750 |
| **Ground transportation – 0.7%** | **Ground transportation – 0.7%** |  |
| ArcBest Corp. | &nbsp;&nbsp;&nbsp;2229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165370 |
| Avis Budget Group, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319773 |
| Central Japan Railway Company | &nbsp;&nbsp;89182 | &nbsp;&nbsp;&nbsp;&nbsp;2470340 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp;1575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34713 |
| CSX Corp. | 113445 | &nbsp;&nbsp;&nbsp;&nbsp;4112381 |
| East Japan Railway Company | 111319 | &nbsp;&nbsp;&nbsp;&nbsp;2934021 |
| FTAI Infrastructure, Inc. | &nbsp;&nbsp;10948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50470 |
| Grab Holdings, Ltd., Class A (A) | 273817 | &nbsp;&nbsp;&nbsp;&nbsp;1366347 |
| Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp;27749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697907 |
| Heartland Express, Inc. | &nbsp;&nbsp;&nbsp;4606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41592 |
| Hertz Global Holdings, Inc. (A)(C) | &nbsp;&nbsp;11439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58796 |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;&nbsp;4583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890660 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;23944 | &nbsp;&nbsp;&nbsp;&nbsp;1251792 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;5066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727984 |
| Marten Transport, Ltd. | &nbsp;&nbsp;&nbsp;5956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67779 |
| MTR Corp., Ltd. | 179661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688089 |
| Norfolk Southern Corp. | &nbsp;&nbsp;13670 | &nbsp;&nbsp;&nbsp;&nbsp;3946802 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;11210 | &nbsp;&nbsp;&nbsp;&nbsp;1757728 |
| Proficient Auto Logistics, Inc. (A) | &nbsp;&nbsp;&nbsp;2491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24013 |
| RXO, Inc. (A) | &nbsp;&nbsp;15924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201279 |
| Ryder System, Inc. | &nbsp;&nbsp;&nbsp;5955 | &nbsp;&nbsp;&nbsp;&nbsp;1139727 |
| Saia, Inc. (A) | &nbsp;&nbsp;&nbsp;3930 | &nbsp;&nbsp;&nbsp;&nbsp;1283224 |
| Seibu Holdings, Inc. | &nbsp;&nbsp;24273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666938 |
| Tokyo Metro Company, Ltd. (C) | &nbsp;&nbsp;33537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340944 |
| Tokyu Corp. | &nbsp;&nbsp;57712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674452 |
| Uber Technologies, Inc. (A) | 126586 | &nbsp;&nbsp;&nbsp;10343342 |
| Union Pacific Corp. | &nbsp;&nbsp;36137 | &nbsp;&nbsp;&nbsp;&nbsp;8359211 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Ground transportation (continued)** | **Ground transportation (continued)** |  |
| Universal Logistics Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;811 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12319 |
| Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;175048 |
| West Japan Railway Company | &nbsp;&nbsp;47333 | &nbsp;&nbsp;&nbsp;&nbsp;943117 |
| XPO, Inc. (A) | &nbsp;&nbsp;17313 | &nbsp;&nbsp;&nbsp;2353010 |
|  |  | 48099168 |
| **Industrial conglomerates – 0.9%** | **Industrial conglomerates – 0.9%** |  |
| 3M Company | &nbsp;&nbsp;32363 | &nbsp;&nbsp;&nbsp;5181316 |
| Brookfield Business Corp., Class A (C) | &nbsp;&nbsp;&nbsp;2341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83995 |
| CK Hutchison Holdings, Ltd. | 309514 | &nbsp;&nbsp;&nbsp;2104217 |
| DCC PLC | &nbsp;&nbsp;11187 | &nbsp;&nbsp;&nbsp;&nbsp;696936 |
| Hikari Tsushin, Inc. | &nbsp;&nbsp;&nbsp;2044 | &nbsp;&nbsp;&nbsp;&nbsp;572726 |
| Hitachi, Ltd. | 528926 | 16587947 |
| Honeywell International, Inc. | &nbsp;&nbsp;38679 | &nbsp;&nbsp;&nbsp;7545886 |
| Investment AB Latour, B Shares | &nbsp;&nbsp;17093 | &nbsp;&nbsp;&nbsp;&nbsp;415270 |
| Jardine Matheson Holdings, Ltd. | &nbsp;&nbsp;18735 | &nbsp;&nbsp;&nbsp;1278574 |
| Keppel, Ltd. | 168144 | &nbsp;&nbsp;&nbsp;1351821 |
| Lifco AB, B Shares | &nbsp;&nbsp;26911 | &nbsp;&nbsp;&nbsp;1019893 |
| Sekisui Chemical Company, Ltd. | &nbsp;&nbsp;43227 | &nbsp;&nbsp;&nbsp;&nbsp;726959 |
| Siemens AG | &nbsp;&nbsp;87740 | 24573900 |
| Smiths Group PLC | &nbsp;&nbsp;37681 | &nbsp;&nbsp;&nbsp;1191859 |
| Swire Pacific, Ltd., Class A | &nbsp;&nbsp;40472 | &nbsp;&nbsp;&nbsp;&nbsp;326259 |
|  |  | 63657558 |
| **Machinery – 2.4%** | **Machinery – 2.4%** |  |
| 3D Systems Corp. (A) | &nbsp;&nbsp;11910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21081 |
| Aebi Schmidt Holding AG | &nbsp;&nbsp;&nbsp;3809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48184 |
| AGCO Corp. | &nbsp;&nbsp;&nbsp;9135 | &nbsp;&nbsp;&nbsp;&nbsp;952963 |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;1004 | &nbsp;&nbsp;&nbsp;&nbsp;168541 |
| Albany International Corp., Class A | &nbsp;&nbsp;&nbsp;2919 | &nbsp;&nbsp;&nbsp;&nbsp;147993 |
| Alfa Laval AB | &nbsp;&nbsp;33402 | &nbsp;&nbsp;&nbsp;1674820 |
| Alliance Laundry Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;4372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88970 |
| Alstom SA (A) | &nbsp;&nbsp;40005 | &nbsp;&nbsp;&nbsp;1180224 |
| Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;2243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97167 |
| Atlas Copco AB, A Shares | 310097 | &nbsp;&nbsp;&nbsp;5520522 |
| Atlas Copco AB, B Shares | 180197 | &nbsp;&nbsp;&nbsp;2880756 |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;8089 | &nbsp;&nbsp;&nbsp;&nbsp;419900 |
| Blue Bird Corp. (A) | &nbsp;&nbsp;&nbsp;3082 | &nbsp;&nbsp;&nbsp;&nbsp;144854 |
| Caterpillar, Inc. | &nbsp;&nbsp;28510 | 16332524 |
| CECO Environmental Corp. (A) | &nbsp;&nbsp;&nbsp;2877 | &nbsp;&nbsp;&nbsp;&nbsp;172188 |
| Chart Industries, Inc. (A) | &nbsp;&nbsp;10913 | &nbsp;&nbsp;&nbsp;2250588 |
| CNH Industrial NV | 130522 | &nbsp;&nbsp;&nbsp;1203413 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;&nbsp;2891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49870 |
| Crane Company | &nbsp;&nbsp;&nbsp;7221 | &nbsp;&nbsp;&nbsp;1331769 |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;8409 | &nbsp;&nbsp;&nbsp;4292374 |
| Daifuku Company, Ltd. | &nbsp;&nbsp;37273 | &nbsp;&nbsp;&nbsp;1173193 |
| Daimler Truck Holding AG | &nbsp;&nbsp;54851 | &nbsp;&nbsp;&nbsp;2375735 |
| Deere & Company | &nbsp;&nbsp;15316 | &nbsp;&nbsp;&nbsp;7130670 |
| Donaldson Company, Inc. | &nbsp;&nbsp;17084 | &nbsp;&nbsp;&nbsp;1514667 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;2193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71601 |
| Dover Corp. | &nbsp;&nbsp;&nbsp;8356 | &nbsp;&nbsp;&nbsp;1631425 |
| Ebara Corp. | &nbsp;&nbsp;53358 | &nbsp;&nbsp;&nbsp;1257636 |
| Energy Recovery, Inc. (A) | &nbsp;&nbsp;&nbsp;5112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68961 |
| Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;5214 | &nbsp;&nbsp;&nbsp;&nbsp;199383 |
| Enpro, Inc. | &nbsp;&nbsp;&nbsp;2054 | &nbsp;&nbsp;&nbsp;&nbsp;439823 |
| Epiroc AB, A Shares | &nbsp;&nbsp;76081 | &nbsp;&nbsp;&nbsp;1715008 |
| Epiroc AB, B Shares | &nbsp;&nbsp;45021 | &nbsp;&nbsp;&nbsp;&nbsp;905759 |
| Esab Corp. | &nbsp;&nbsp;&nbsp;8417 | &nbsp;&nbsp;&nbsp;&nbsp;940347 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;2522 | &nbsp;&nbsp;&nbsp;&nbsp;492774 |
| FANUC Corp. | 107743 | &nbsp;&nbsp;&nbsp;4192898 |
| Federal Signal Corp. | &nbsp;&nbsp;&nbsp;5842 | &nbsp;&nbsp;&nbsp;&nbsp;634383 |
| Flowserve Corp. | &nbsp;&nbsp;18748 | &nbsp;&nbsp;&nbsp;1300736 |
| Fortive Corp. | &nbsp;&nbsp;19350 | &nbsp;&nbsp;&nbsp;1068314 |
| Franklin Electric Company, Inc. | &nbsp;&nbsp;&nbsp;3781 | &nbsp;&nbsp;&nbsp;&nbsp;361199 |
| GEA Group AG | &nbsp;&nbsp;16916 | &nbsp;&nbsp;&nbsp;1143221 |
| Gencor Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;1352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17522 |
| Graco, Inc. | &nbsp;&nbsp;24453 | &nbsp;&nbsp;&nbsp;2004412 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 134 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| Graham Corp. (A) | &nbsp;&nbsp;&nbsp;1008 | $&nbsp;&nbsp;&nbsp;&nbsp;64744 |
| Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp;3239 | &nbsp;&nbsp;&nbsp;&nbsp;173254 |
| Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp;6892 | &nbsp;&nbsp;&nbsp;&nbsp;218614 |
| Hillman Solutions Corp. (A) | &nbsp;&nbsp;19643 | &nbsp;&nbsp;&nbsp;&nbsp;170108 |
| Hyster-Yale, Inc. | &nbsp;&nbsp;&nbsp;1212 | &nbsp;&nbsp;&nbsp;&nbsp;36009 |
| IDEX Corp. | &nbsp;&nbsp;&nbsp;4560 | &nbsp;&nbsp;&nbsp;&nbsp;811406 |
| IHI Corp. | 118751 | 2087712 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;16082 | 3960997 |
| Indutrade AB | &nbsp;&nbsp;31545 | &nbsp;&nbsp;&nbsp;&nbsp;817671 |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;21905 | 1735314 |
| ITT, Inc. | &nbsp;&nbsp;12524 | 2173039 |
| JBT Marel Corp. | &nbsp;&nbsp;&nbsp;5081 | &nbsp;&nbsp;&nbsp;&nbsp;765554 |
| Kadant, Inc. | &nbsp;&nbsp;&nbsp;1147 | &nbsp;&nbsp;&nbsp;&nbsp;326918 |
| Kawasaki Heavy Industries, Ltd. | &nbsp;&nbsp;17447 | 1157024 |
| Kennametal, Inc. | &nbsp;&nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp;209524 |
| Knorr-Bremse AG | &nbsp;&nbsp;&nbsp;8374 | &nbsp;&nbsp;&nbsp;&nbsp;929031 |
| Komatsu, Ltd. | 109784 | 3483715 |
| Kone OYJ, B Shares | &nbsp;&nbsp;39239 | 2779806 |
| Kubota Corp. | 112937 | 1600393 |
| LB Foster Company, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;26142 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp;8116 | 1944918 |
| Lindsay Corp. | &nbsp;&nbsp;&nbsp;1060 | &nbsp;&nbsp;&nbsp;&nbsp;124942 |
| Luxfer Holdings PLC | &nbsp;&nbsp;&nbsp;2838 | &nbsp;&nbsp;&nbsp;&nbsp;38398 |
| Makita Corp. | &nbsp;&nbsp;25862 | &nbsp;&nbsp;&nbsp;&nbsp;783851 |
| Mayville Engineering Company, Inc. (A) | &nbsp;&nbsp;&nbsp;1362 | &nbsp;&nbsp;&nbsp;&nbsp;25497 |
| Metso OYJ | &nbsp;&nbsp;76562 | 1332114 |
| Microvast Holdings, Inc. (A) | &nbsp;&nbsp;19082 | &nbsp;&nbsp;&nbsp;&nbsp;53430 |
| Miller Industries, Inc. | &nbsp;&nbsp;&nbsp;1132 | &nbsp;&nbsp;&nbsp;&nbsp;42303 |
| MINEBEA MITSUMI, Inc. | &nbsp;&nbsp;41909 | &nbsp;&nbsp;&nbsp;&nbsp;843275 |
| Mitsubishi Heavy Industries, Ltd. | 370003 | 9032675 |
| Mueller Industries, Inc. | &nbsp;&nbsp;16374 | 1879735 |
| Mueller Water Products, Inc., Class A | &nbsp;&nbsp;15168 | &nbsp;&nbsp;&nbsp;&nbsp;361302 |
| Nordson Corp. | &nbsp;&nbsp;&nbsp;3252 | &nbsp;&nbsp;&nbsp;&nbsp;781878 |
| Omega Flex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;14543 |
| Oshkosh Corp. | &nbsp;&nbsp;&nbsp;9329 | 1172002 |
| Otis Worldwide Corp. | &nbsp;&nbsp;23742 | 2073864 |
| PACCAR, Inc. | &nbsp;&nbsp;31997 | 3503991 |
| Palladyne AI Corp. (A)(C) | &nbsp;&nbsp;&nbsp;3040 | &nbsp;&nbsp;&nbsp;&nbsp;12950 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;7688 | 6757444 |
| Park-Ohio Holdings Corp. | &nbsp;&nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;23222 |
| Pentair PLC | &nbsp;&nbsp;&nbsp;9970 | 1038276 |
| Proto Labs, Inc. (A) | &nbsp;&nbsp;&nbsp;2321 | &nbsp;&nbsp;&nbsp;&nbsp;117419 |
| Rational AG | &nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;&nbsp;456306 |
| RBC Bearings, Inc. (A) | &nbsp;&nbsp;&nbsp;4643 | 2082060 |
| REV Group, Inc. | &nbsp;&nbsp;&nbsp;4716 | &nbsp;&nbsp;&nbsp;&nbsp;286780 |
| Richtech Robotics, Inc., Class B (A) | &nbsp;&nbsp;14938 | &nbsp;&nbsp;&nbsp;&nbsp;48250 |
| Sandvik AB | 123093 | 3976038 |
| Schindler Holding AG | &nbsp;&nbsp;&nbsp;2710 | &nbsp;&nbsp;&nbsp;&nbsp;958911 |
| Schindler Holding AG, Participation Certificates | &nbsp;&nbsp;&nbsp;4701 | 1767882 |
| SKF AB, B Shares | &nbsp;&nbsp;39383 | 1042421 |
| SMC Corp. | &nbsp;&nbsp;&nbsp;6636 | 2296061 |
| Snap-on, Inc. | &nbsp;&nbsp;&nbsp;3169 | 1092037 |
| Spirax Group PLC | &nbsp;&nbsp;&nbsp;8498 | &nbsp;&nbsp;&nbsp;&nbsp;776692 |
| SPX Technologies, Inc. (A) | &nbsp;&nbsp;12040 | 2408722 |
| Standex International Corp. | &nbsp;&nbsp;&nbsp;1170 | &nbsp;&nbsp;&nbsp;&nbsp;254218 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp;9436 | &nbsp;&nbsp;&nbsp;&nbsp;700906 |
| Techtronic Industries Company, Ltd. | 169091 | 1945075 |
| Tennant Company | &nbsp;&nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;132365 |
| Terex Corp. | &nbsp;&nbsp;15942 | &nbsp;&nbsp;&nbsp;&nbsp;850984 |
| The Gorman-Rupp Company | &nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;101421 |
| The Greenbrier Companies, Inc. | &nbsp;&nbsp;&nbsp;2927 | &nbsp;&nbsp;&nbsp;&nbsp;136808 |
| The Manitowoc Company, Inc. (A) | &nbsp;&nbsp;&nbsp;3448 | &nbsp;&nbsp;&nbsp;&nbsp;41342 |
| The Middleby Corp. (A) | &nbsp;&nbsp;&nbsp;6835 | 1016159 |
| The Timken Company | &nbsp;&nbsp;&nbsp;9349 | &nbsp;&nbsp;&nbsp;&nbsp;786531 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| The Toro Company | &nbsp;&nbsp;14434 | $&nbsp;&nbsp;&nbsp;&nbsp;1136244 |
| Titan International, Inc. (A) | &nbsp;&nbsp;&nbsp;4908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38430 |
| Toyota Industries Corp. | &nbsp;&nbsp;18809 | &nbsp;&nbsp;&nbsp;&nbsp;2132310 |
| Trelleborg AB, B Shares | &nbsp;&nbsp;23416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989830 |
| Trinity Industries, Inc. | &nbsp;&nbsp;&nbsp;7841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207316 |
| VAT Group AG (B) | &nbsp;&nbsp;&nbsp;3117 | &nbsp;&nbsp;&nbsp;&nbsp;1496471 |
| Volvo AB, B Shares | 183439 | &nbsp;&nbsp;&nbsp;&nbsp;5837877 |
| Wabash National Corp. | &nbsp;&nbsp;&nbsp;3872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33493 |
| Wabtec Corp. | &nbsp;&nbsp;10415 | &nbsp;&nbsp;&nbsp;&nbsp;2223082 |
| Wartsila OYJ ABP | &nbsp;&nbsp;58066 | &nbsp;&nbsp;&nbsp;&nbsp;2055804 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp;6696 | &nbsp;&nbsp;&nbsp;&nbsp;1848230 |
| Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp;3085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159093 |
| Xylem, Inc. | &nbsp;&nbsp;14833 | &nbsp;&nbsp;&nbsp;&nbsp;2019958 |
| Yangzijiang Shipbuilding Holdings, Ltd. | 298214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805623 |
|  |  | 169245102 |
| **Marine transportation – 0.1%** | **Marine transportation – 0.1%** |  |
| A.P. Moller - Maersk A/S, Series A | &nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775289 |
| A.P. Moller - Maersk A/S, Series B | &nbsp;&nbsp;&nbsp;&nbsp;456 | &nbsp;&nbsp;&nbsp;&nbsp;1046315 |
| Costamare, Inc. | &nbsp;&nbsp;&nbsp;4331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68386 |
| Genco Shipping & Trading, Ltd. | &nbsp;&nbsp;&nbsp;3061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56414 |
| Himalaya Shipping, Ltd. (A) | &nbsp;&nbsp;&nbsp;2889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26290 |
| Kawasaki Kisen Kaisha, Ltd. | &nbsp;&nbsp;40585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564952 |
| Kirby Corp. (A) | &nbsp;&nbsp;&nbsp;7994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880779 |
| Kuehne + Nagel International AG | &nbsp;&nbsp;&nbsp;5576 | &nbsp;&nbsp;&nbsp;&nbsp;1195802 |
| Matson, Inc. | &nbsp;&nbsp;&nbsp;3060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378063 |
| Mitsui OSK Lines, Ltd. | &nbsp;&nbsp;39797 | &nbsp;&nbsp;&nbsp;&nbsp;1196472 |
| Nippon Yusen KK | &nbsp;&nbsp;47610 | &nbsp;&nbsp;&nbsp;&nbsp;1542163 |
| Pangaea Logistics Solutions, Ltd. | &nbsp;&nbsp;&nbsp;3120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21466 |
| Safe Bulkers, Inc. | &nbsp;&nbsp;&nbsp;5160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24871 |
| SITC International Holdings Company, Ltd. | 155850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557692 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8334954 |
| **Passenger airlines – 0.3%** | **Passenger airlines – 0.3%** |  |
| Alaska Air Group, Inc. (A) | &nbsp;&nbsp;17107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860482 |
| Allegiant Travel Company (A) | &nbsp;&nbsp;&nbsp;1412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120401 |
| American Airlines Group, Inc. (A) | &nbsp;&nbsp;97357 | &nbsp;&nbsp;&nbsp;&nbsp;1492483 |
| ANA Holdings, Inc. | &nbsp;&nbsp;18452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350435 |
| Delta Air Lines, Inc. | &nbsp;&nbsp;39516 | &nbsp;&nbsp;&nbsp;&nbsp;2742410 |
| Deutsche Lufthansa AG | &nbsp;&nbsp;69282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680622 |
| Frontier Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;8477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39927 |
| International Consolidated Airlines Group SA | 136434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757537 |
| Japan Airlines Company, Ltd. | &nbsp;&nbsp;16654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308861 |
| JetBlue Airways Corp. (A) | &nbsp;&nbsp;28969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131809 |
| Joby Aviation, Inc. (A) | &nbsp;&nbsp;47373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625324 |
| Qantas Airways, Ltd. | &nbsp;&nbsp;85599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591376 |
| Ryanair Holdings PLC | &nbsp;&nbsp;97405 | &nbsp;&nbsp;&nbsp;&nbsp;3358288 |
| Singapore Airlines, Ltd. | 180748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897407 |
| SkyWest, Inc. (A) | &nbsp;&nbsp;&nbsp;3922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393808 |
| Southwest Airlines Company | &nbsp;&nbsp;31506 | &nbsp;&nbsp;&nbsp;&nbsp;1302143 |
| Sun Country Airlines Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;4948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71202 |
| United Airlines Holdings, Inc. (A) | &nbsp;&nbsp;19723 | &nbsp;&nbsp;&nbsp;&nbsp;2205426 |
|  |  | &nbsp;&nbsp;&nbsp;16929941 |
| **Professional services – 1.0%** | **Professional services – 1.0%** |  |
| Alight, Inc., Class A | &nbsp;&nbsp;42418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82715 |
| Asure Software, Inc. (A) | &nbsp;&nbsp;&nbsp;2648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24944 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;24640 | &nbsp;&nbsp;&nbsp;&nbsp;6338147 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;2482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89873 |
| BlackSky Technology, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;3004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56325 |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;17891 | &nbsp;&nbsp;&nbsp;&nbsp;1509285 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp;7111 | &nbsp;&nbsp;&nbsp;&nbsp;1586962 |
| Bureau Veritas SA | &nbsp;&nbsp;39298 | &nbsp;&nbsp;&nbsp;&nbsp;1250180 |
| CACI International, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3257 | &nbsp;&nbsp;&nbsp;&nbsp;1735362 |
| CBIZ, Inc. (A) | &nbsp;&nbsp;&nbsp;4836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243976 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 135 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** |  |
| Computershare, Ltd. | &nbsp;&nbsp;60096 | $&nbsp;&nbsp;&nbsp;1361989 |
| Concentrix Corp. | &nbsp;&nbsp;&nbsp;6519 | &nbsp;&nbsp;&nbsp;&nbsp;271060 |
| Conduent, Inc. (A) | &nbsp;&nbsp;15721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30184 |
| CRA International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;125434 |
| CSG Systems International, Inc. | &nbsp;&nbsp;&nbsp;2679 | &nbsp;&nbsp;&nbsp;&nbsp;205453 |
| Dayforce, Inc. (A) | &nbsp;&nbsp;&nbsp;9750 | &nbsp;&nbsp;&nbsp;&nbsp;674310 |
| Equifax, Inc. | &nbsp;&nbsp;&nbsp;7456 | &nbsp;&nbsp;&nbsp;1617803 |
| ExlService Holdings, Inc. (A) | &nbsp;&nbsp;23407 | &nbsp;&nbsp;&nbsp;&nbsp;993393 |
| Experian PLC | 105929 | &nbsp;&nbsp;&nbsp;4775974 |
| Exponent, Inc. | &nbsp;&nbsp;12327 | &nbsp;&nbsp;&nbsp;&nbsp;856233 |
| Falcon's Beyond Global, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21689 |
| First Advantage Corp. (A) | &nbsp;&nbsp;&nbsp;7948 | &nbsp;&nbsp;&nbsp;&nbsp;115484 |
| Franklin Covey Company (A) | &nbsp;&nbsp;&nbsp;1326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22250 |
| FTI Consulting, Inc. (A) | &nbsp;&nbsp;&nbsp;4464 | &nbsp;&nbsp;&nbsp;&nbsp;762585 |
| Genpact, Ltd. | &nbsp;&nbsp;23649 | &nbsp;&nbsp;&nbsp;1106300 |
| Huron Consulting Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1656 | &nbsp;&nbsp;&nbsp;&nbsp;286339 |
| IBEX Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38027 |
| ICF International, Inc. | &nbsp;&nbsp;&nbsp;1802 | &nbsp;&nbsp;&nbsp;&nbsp;153711 |
| Innodata, Inc. (A) | &nbsp;&nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp;152646 |
| Insperity, Inc. | &nbsp;&nbsp;&nbsp;3565 | &nbsp;&nbsp;&nbsp;&nbsp;138037 |
| Intertek Group PLC | &nbsp;&nbsp;17826 | &nbsp;&nbsp;&nbsp;1105508 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;&nbsp;7282 | &nbsp;&nbsp;&nbsp;&nbsp;964574 |
| KBR, Inc. | &nbsp;&nbsp;18730 | &nbsp;&nbsp;&nbsp;&nbsp;752946 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;&nbsp;3374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29691 |
| Kforce, Inc. | &nbsp;&nbsp;&nbsp;1785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55192 |
| Korn Ferry | &nbsp;&nbsp;&nbsp;5095 | &nbsp;&nbsp;&nbsp;&nbsp;336372 |
| Legalzoom.com, Inc. (A) | &nbsp;&nbsp;12504 | &nbsp;&nbsp;&nbsp;&nbsp;124165 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp;7789 | &nbsp;&nbsp;&nbsp;1405136 |
| Maximus, Inc. | &nbsp;&nbsp;13804 | &nbsp;&nbsp;&nbsp;1191561 |
| Mistras Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16938 |
| Parsons Corp. (A) | &nbsp;&nbsp;&nbsp;7853 | &nbsp;&nbsp;&nbsp;&nbsp;485315 |
| Paychex, Inc. | &nbsp;&nbsp;19733 | &nbsp;&nbsp;&nbsp;2213648 |
| Paycom Software, Inc. | &nbsp;&nbsp;&nbsp;2977 | &nbsp;&nbsp;&nbsp;&nbsp;474415 |
| Paylocity Holding Corp. (A) | &nbsp;&nbsp;&nbsp;6497 | &nbsp;&nbsp;&nbsp;&nbsp;990793 |
| Planet Labs PBC (A) | &nbsp;&nbsp;23206 | &nbsp;&nbsp;&nbsp;&nbsp;457622 |
| Randstad NV | &nbsp;&nbsp;12529 | &nbsp;&nbsp;&nbsp;&nbsp;475664 |
| Recruit Holdings Company, Ltd. | 162494 | &nbsp;&nbsp;&nbsp;9130790 |
| RELX PLC | 210707 | &nbsp;&nbsp;&nbsp;8488714 |
| Resolute Holdings Management, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85462 |
| Resources Connection, Inc. | &nbsp;&nbsp;&nbsp;3813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19218 |
| Science Applications International Corp. | &nbsp;&nbsp;&nbsp;6788 | &nbsp;&nbsp;&nbsp;&nbsp;683280 |
| SGS SA | &nbsp;&nbsp;19113 | &nbsp;&nbsp;&nbsp;2185534 |
| Spire Global, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20648 |
| TIC Solutions, Inc. (A) | &nbsp;&nbsp;19586 | &nbsp;&nbsp;&nbsp;&nbsp;198014 |
| TransUnion | &nbsp;&nbsp;28643 | &nbsp;&nbsp;&nbsp;2456137 |
| TriNet Group, Inc. | &nbsp;&nbsp;&nbsp;2939 | &nbsp;&nbsp;&nbsp;&nbsp;173783 |
| TrueBlue, Inc. (A) | &nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15470 |
| UL Solutions, Inc., Class A | &nbsp;&nbsp;11099 | &nbsp;&nbsp;&nbsp;&nbsp;875267 |
| Upwork, Inc. (A) | &nbsp;&nbsp;11980 | &nbsp;&nbsp;&nbsp;&nbsp;237444 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;&nbsp;8491 | &nbsp;&nbsp;&nbsp;1899352 |
| Verra Mobility Corp. (A) | &nbsp;&nbsp;15604 | &nbsp;&nbsp;&nbsp;&nbsp;349686 |
| Willdan Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1368 | &nbsp;&nbsp;&nbsp;&nbsp;141807 |
| Wolters Kluwer NV | &nbsp;&nbsp;26843 | &nbsp;&nbsp;&nbsp;2780302 |
|  |  | 67447118 |
| **Trading companies and distributors – 1.0%** | **Trading companies and distributors – 1.0%** |  |
| AddTech AB, B Shares | &nbsp;&nbsp;30008 | &nbsp;&nbsp;&nbsp;1056839 |
| AerCap Holdings NV | &nbsp;&nbsp;20369 | &nbsp;&nbsp;&nbsp;2928247 |
| Alta Equipment Group, Inc. | &nbsp;&nbsp;&nbsp;2375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10925 |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;5563 | &nbsp;&nbsp;&nbsp;1428412 |
| Ashtead Group PLC | &nbsp;&nbsp;48669 | &nbsp;&nbsp;&nbsp;3318214 |
| Beijer Ref AB | &nbsp;&nbsp;47213 | &nbsp;&nbsp;&nbsp;&nbsp;757666 |
| BlueLinx Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46871 |
| Boise Cascade Company | &nbsp;&nbsp;&nbsp;3687 | &nbsp;&nbsp;&nbsp;&nbsp;271363 |
| Brenntag SE | &nbsp;&nbsp;14168 | &nbsp;&nbsp;&nbsp;&nbsp;822368 |
| Bunzl PLC | &nbsp;&nbsp;37499 | &nbsp;&nbsp;&nbsp;1047122 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Trading companies and distributors (continued)** | **Trading companies and distributors (continued)** |  |
| Core & Main, Inc., Class A (A) | &nbsp;&nbsp;28125 | $&nbsp;&nbsp;&nbsp;&nbsp;1461656 |
| Custom Truck One Source, Inc. (A) | &nbsp;&nbsp;&nbsp;6182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35608 |
| Distribution Solutions Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30978 |
| DNOW, Inc. (A) | &nbsp;&nbsp;18123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240130 |
| DXP Enterprises, Inc. (A) | &nbsp;&nbsp;&nbsp;1271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139543 |
| Fastenal Company | &nbsp;&nbsp;69939 | &nbsp;&nbsp;&nbsp;&nbsp;2806652 |
| GATX Corp. | &nbsp;&nbsp;&nbsp;8750 | &nbsp;&nbsp;&nbsp;&nbsp;1484000 |
| Global Industrial, Inc. | &nbsp;&nbsp;&nbsp;1570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45875 |
| Herc Holdings, Inc. | &nbsp;&nbsp;&nbsp;3183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472294 |
| Hudson Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;3908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26770 |
| IMCD NV | &nbsp;&nbsp;&nbsp;6824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619362 |
| ITOCHU Corp. | 686140 | &nbsp;&nbsp;&nbsp;&nbsp;8670621 |
| Karat Packaging, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21329 |
| Marubeni Corp. | 162962 | &nbsp;&nbsp;&nbsp;&nbsp;4538487 |
| McGrath RentCorp | &nbsp;&nbsp;&nbsp;2416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253511 |
| Mitsubishi Corp. | 372101 | &nbsp;&nbsp;&nbsp;&nbsp;8510946 |
| Mitsui & Company, Ltd. | 285140 | &nbsp;&nbsp;&nbsp;&nbsp;8467896 |
| MonotaRO Company, Ltd. (C) | &nbsp;&nbsp;28940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460818 |
| MSC Industrial Direct Company, Inc., Class A | &nbsp;&nbsp;&nbsp;6747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567423 |
| NPK International, Inc. (A) | &nbsp;&nbsp;&nbsp;8143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97065 |
| Rexel SA | &nbsp;&nbsp;25893 | &nbsp;&nbsp;&nbsp;&nbsp;1015579 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;5902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318354 |
| Rush Enterprises, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52434 |
| SGH, Ltd. | &nbsp;&nbsp;23493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725089 |
| Sumitomo Corp. | 125869 | &nbsp;&nbsp;&nbsp;&nbsp;4356638 |
| Titan Machinery, Inc. (A) | &nbsp;&nbsp;&nbsp;2134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32095 |
| Toyota Tsusho Corp. | &nbsp;&nbsp;79705 | &nbsp;&nbsp;&nbsp;&nbsp;2687588 |
| Transcat, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50376 |
| United Rentals, Inc. | &nbsp;&nbsp;&nbsp;3876 | &nbsp;&nbsp;&nbsp;&nbsp;3136924 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;2665 | &nbsp;&nbsp;&nbsp;&nbsp;2689118 |
| Watsco, Inc. | &nbsp;&nbsp;&nbsp;5151 | &nbsp;&nbsp;&nbsp;&nbsp;1735629 |
| WESCO International, Inc. | &nbsp;&nbsp;&nbsp;7175 | &nbsp;&nbsp;&nbsp;&nbsp;1755292 |
| Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36487 |
| Xometry, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251974 |
|  |  | &nbsp;&nbsp;&nbsp;69482568 |
| **Transportation infrastructure – 0.1%** | **Transportation infrastructure – 0.1%** |  |
| Aena SME SA (B) | &nbsp;&nbsp;86585 | &nbsp;&nbsp;&nbsp;&nbsp;2419259 |
| Aeroports de Paris SA | &nbsp;&nbsp;&nbsp;3999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521852 |
| Auckland International Airport, Ltd. | 195682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937725 |
| Getlink SE | &nbsp;&nbsp;34923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;644645 |
| Sky Harbour Group Corp. (A) | &nbsp;&nbsp;&nbsp;2337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20963 |
| Transurban Group | 359523 | &nbsp;&nbsp;&nbsp;&nbsp;3402380 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7946824 |
|  |  | 902594502 |
| **Information technology – 22.1%** |  |  |
| **Communications equipment – 0.7%** | **Communications equipment – 0.7%** |  |
| ADTRAN Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;7215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62698 |
| Applied Optoelectronics, Inc. (A) | &nbsp;&nbsp;&nbsp;5882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205047 |
| Arista Networks, Inc. (A) | &nbsp;&nbsp;62909 | &nbsp;&nbsp;&nbsp;&nbsp;8242966 |
| Aviat Networks, Inc. (A) | &nbsp;&nbsp;&nbsp;1155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24694 |
| BK Technologies Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20214 |
| Calix, Inc. (A) | &nbsp;&nbsp;&nbsp;5857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310011 |
| Ciena Corp. (A) | &nbsp;&nbsp;20804 | &nbsp;&nbsp;&nbsp;&nbsp;4865431 |
| Cisco Systems, Inc. | 240077 | &nbsp;&nbsp;&nbsp;18493131 |
| Clearfield, Inc. (A) | &nbsp;&nbsp;&nbsp;1149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33493 |
| CommScope Holding Company, Inc. (A) | &nbsp;&nbsp;21245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385172 |
| Digi International, Inc. (A) | &nbsp;&nbsp;&nbsp;3575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154762 |
| Extreme Networks, Inc. (A) | &nbsp;&nbsp;12878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214419 |
| F5, Inc. (A) | &nbsp;&nbsp;&nbsp;3514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896984 |
| Harmonic, Inc. (A) | &nbsp;&nbsp;11006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108849 |
| Inseego Corp. (A) | &nbsp;&nbsp;&nbsp;1278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13125 |
| Lumentum Holdings, Inc. (A) | &nbsp;&nbsp;10457 | &nbsp;&nbsp;&nbsp;&nbsp;3854346 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;10147 | &nbsp;&nbsp;&nbsp;&nbsp;3889548 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 136 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Communications equipment (continued)** | **Communications equipment (continued)** |  |
| NETGEAR, Inc. (A) | &nbsp;&nbsp;&nbsp;2664 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65348 |
| NetScout Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;6815 | &nbsp;&nbsp;&nbsp;&nbsp;184414 |
| Nokia OYJ | 611529 | &nbsp;&nbsp;&nbsp;3942570 |
| Ribbon Communications, Inc. (A) | &nbsp;&nbsp;&nbsp;9810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28253 |
| Telefonaktiebolaget LM Ericsson, B Shares | 323092 | &nbsp;&nbsp;&nbsp;3144342 |
| Viasat, Inc. (A) | &nbsp;&nbsp;12035 | &nbsp;&nbsp;&nbsp;&nbsp;414726 |
| Viavi Solutions, Inc. (A) | &nbsp;&nbsp;21508 | &nbsp;&nbsp;&nbsp;&nbsp;383273 |
|  |  | 49937816 |
| **Electronic equipment, instruments and components – 1.1%** | **Electronic equipment, instruments and components – 1.1%** |  |
| 908 Devices, Inc. (A) | &nbsp;&nbsp;&nbsp;2838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14900 |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;3661 | &nbsp;&nbsp;&nbsp;&nbsp;766504 |
| Aeva Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;3671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48751 |
| Amphenol Corp., Class A | &nbsp;&nbsp;74572 | 10077660 |
| Arlo Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;9729 | &nbsp;&nbsp;&nbsp;&nbsp;136109 |
| Arrow Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;7597 | &nbsp;&nbsp;&nbsp;&nbsp;837037 |
| Avnet, Inc. | &nbsp;&nbsp;11995 | &nbsp;&nbsp;&nbsp;&nbsp;576720 |
| Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;2890 | &nbsp;&nbsp;&nbsp;&nbsp;504045 |
| Bel Fuse, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26261 |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp;1001 | &nbsp;&nbsp;&nbsp;&nbsp;169800 |
| Belden, Inc. | &nbsp;&nbsp;&nbsp;9607 | &nbsp;&nbsp;&nbsp;1119696 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp;3478 | &nbsp;&nbsp;&nbsp;&nbsp;148719 |
| CDW Corp. | &nbsp;&nbsp;&nbsp;7932 | &nbsp;&nbsp;&nbsp;1080338 |
| Climb Global Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38546 |
| Cognex Corp. | &nbsp;&nbsp;24719 | &nbsp;&nbsp;&nbsp;&nbsp;889390 |
| Coherent Corp. (A) | &nbsp;&nbsp;23179 | &nbsp;&nbsp;&nbsp;4278148 |
| Corning, Inc. | &nbsp;&nbsp;47531 | &nbsp;&nbsp;&nbsp;4161814 |
| Crane NXT Company | &nbsp;&nbsp;&nbsp;7284 | &nbsp;&nbsp;&nbsp;&nbsp;342858 |
| CTS Corp. | &nbsp;&nbsp;&nbsp;2838 | &nbsp;&nbsp;&nbsp;&nbsp;121665 |
| Daktronics, Inc. (A) | &nbsp;&nbsp;&nbsp;3754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74217 |
| ePlus, Inc. | &nbsp;&nbsp;&nbsp;2570 | &nbsp;&nbsp;&nbsp;&nbsp;225389 |
| Evolv Technologies Holdings, Inc. (A) | &nbsp;&nbsp;14951 | &nbsp;&nbsp;&nbsp;&nbsp;107049 |
| Fabrinet (A) | &nbsp;&nbsp;&nbsp;8800 | &nbsp;&nbsp;&nbsp;4006464 |
| Flex, Ltd. (A) | &nbsp;&nbsp;54541 | &nbsp;&nbsp;&nbsp;3295367 |
| Frequency Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35211 |
| Halma PLC | &nbsp;&nbsp;43829 | &nbsp;&nbsp;&nbsp;2080338 |
| Hexagon AB, B Shares | 239689 | &nbsp;&nbsp;&nbsp;2823224 |
| Insight Enterprises, Inc. (A) | &nbsp;&nbsp;&nbsp;2859 | &nbsp;&nbsp;&nbsp;&nbsp;232923 |
| IPG Photonics Corp. (A) | &nbsp;&nbsp;&nbsp;3728 | &nbsp;&nbsp;&nbsp;&nbsp;266925 |
| Itron, Inc. (A) | &nbsp;&nbsp;&nbsp;4422 | &nbsp;&nbsp;&nbsp;&nbsp;410627 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;6509 | &nbsp;&nbsp;&nbsp;1484182 |
| Keyence Corp. | &nbsp;&nbsp;22462 | &nbsp;&nbsp;&nbsp;8125060 |
| Keysight Technologies, Inc. (A) | &nbsp;&nbsp;10470 | &nbsp;&nbsp;&nbsp;2127399 |
| Kimball Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;2386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66379 |
| Knowles Corp. (A) | &nbsp;&nbsp;&nbsp;8289 | &nbsp;&nbsp;&nbsp;&nbsp;177633 |
| Kyocera Corp. | 148223 | &nbsp;&nbsp;&nbsp;2077894 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;3673 | &nbsp;&nbsp;&nbsp;&nbsp;928975 |
| Methode Electronics, Inc. | &nbsp;&nbsp;&nbsp;3448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22895 |
| MicroVision, Inc. (A)(C) | &nbsp;&nbsp;30225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25029 |
| Mirion Technologies, Inc. (A) | &nbsp;&nbsp;23334 | &nbsp;&nbsp;&nbsp;&nbsp;546482 |
| M-Tron Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13731 |
| Murata Manufacturing Company, Ltd. | 192629 | &nbsp;&nbsp;&nbsp;3981246 |
| Napco Security Technologies, Inc. | &nbsp;&nbsp;&nbsp;3369 | &nbsp;&nbsp;&nbsp;&nbsp;140487 |
| nLight, Inc. (A) | &nbsp;&nbsp;&nbsp;4521 | &nbsp;&nbsp;&nbsp;&nbsp;169583 |
| Novanta, Inc. (A) | &nbsp;&nbsp;&nbsp;8810 | &nbsp;&nbsp;&nbsp;1048302 |
| OSI Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;1576 | &nbsp;&nbsp;&nbsp;&nbsp;401975 |
| Ouster, Inc. (A) | &nbsp;&nbsp;&nbsp;5329 | &nbsp;&nbsp;&nbsp;&nbsp;115320 |
| PC Connection, Inc. | &nbsp;&nbsp;&nbsp;1121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64749 |
| Plexus Corp. (A) | &nbsp;&nbsp;&nbsp;2617 | &nbsp;&nbsp;&nbsp;&nbsp;384699 |
| Powerfleet, Inc. (A) | &nbsp;&nbsp;12019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63941 |
| Red Cat Holdings, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;9987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79197 |
| Rogers Corp. (A) | &nbsp;&nbsp;&nbsp;1762 | &nbsp;&nbsp;&nbsp;&nbsp;161346 |
| Sanmina Corp. (A) | &nbsp;&nbsp;&nbsp;5087 | &nbsp;&nbsp;&nbsp;&nbsp;763406 |
| ScanSource, Inc. (A) | &nbsp;&nbsp;&nbsp;2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83979 |
| Shimadzu Corp. | &nbsp;&nbsp;27344 | &nbsp;&nbsp;&nbsp;&nbsp;727941 |
| TD SYNNEX Corp. | &nbsp;&nbsp;11171 | &nbsp;&nbsp;&nbsp;1678219 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electronic equipment, instruments and<br> components (continued)** | **Electronic equipment, instruments and<br> components (continued)** |  |
| TDK Corp. | 224412 | $&nbsp;&nbsp;&nbsp;3174924 |
| TE Connectivity PLC | &nbsp;&nbsp;17923 | &nbsp;&nbsp;&nbsp;4077662 |
| Teledyne Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;2860 | &nbsp;&nbsp;&nbsp;1460688 |
| Trimble, Inc. (A) | &nbsp;&nbsp;14495 | &nbsp;&nbsp;&nbsp;1135683 |
| TTM Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;9959 | &nbsp;&nbsp;&nbsp;&nbsp;687171 |
| Vishay Intertechnology, Inc. | &nbsp;&nbsp;11809 | &nbsp;&nbsp;&nbsp;&nbsp;171112 |
| Vishay Precision Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45815 |
| Vontier Corp. | &nbsp;&nbsp;21401 | &nbsp;&nbsp;&nbsp;&nbsp;795689 |
| Vuzix Corp. (A)(C) | &nbsp;&nbsp;&nbsp;6802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25712 |
| Yokogawa Electric Corp. | &nbsp;&nbsp;26360 | &nbsp;&nbsp;&nbsp;&nbsp;845379 |
| Zebra Technologies Corp., Class A (A) | &nbsp;&nbsp;&nbsp;3086 | &nbsp;&nbsp;&nbsp;&nbsp;749343 |
|  |  | 77525922 |
| **IT services – 0.9%** | **IT services – 0.9%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;37780 | 10136374 |
| Akamai Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;8765 | &nbsp;&nbsp;&nbsp;&nbsp;764746 |
| Applied Digital Corp. (A)(C) | &nbsp;&nbsp;23156 | &nbsp;&nbsp;&nbsp;&nbsp;567785 |
| ASGN, Inc. (A) | &nbsp;&nbsp;10386 | &nbsp;&nbsp;&nbsp;&nbsp;500294 |
| Backblaze, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26310 |
| BigBear.ai Holdings, Inc. (A)(C) | &nbsp;&nbsp;42262 | &nbsp;&nbsp;&nbsp;&nbsp;228215 |
| Capgemini SE | &nbsp;&nbsp;17803 | &nbsp;&nbsp;&nbsp;2956155 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;29404 | &nbsp;&nbsp;&nbsp;2440532 |
| Commerce.com, Inc. (A) | &nbsp;&nbsp;&nbsp;7061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29091 |
| DigitalOcean Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6662 | &nbsp;&nbsp;&nbsp;&nbsp;320575 |
| EPAM Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;3365 | &nbsp;&nbsp;&nbsp;&nbsp;689421 |
| Fastly, Inc., Class A (A) | &nbsp;&nbsp;13554 | &nbsp;&nbsp;&nbsp;&nbsp;137980 |
| Fujitsu, Ltd. | 203238 | &nbsp;&nbsp;&nbsp;5585570 |
| Gartner, Inc. (A) | &nbsp;&nbsp;&nbsp;4391 | &nbsp;&nbsp;&nbsp;1107761 |
| GoDaddy, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;8233 | &nbsp;&nbsp;&nbsp;1021551 |
| Grid Dynamics Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60438 |
| IBM Corp. | &nbsp;&nbsp;56946 | 16867975 |
| Information Services Group, Inc. | &nbsp;&nbsp;&nbsp;3964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22912 |
| Kyndryl Holdings, Inc. (A) | &nbsp;&nbsp;33711 | &nbsp;&nbsp;&nbsp;&nbsp;895364 |
| NEC Corp. | 149623 | &nbsp;&nbsp;&nbsp;5062567 |
| Nomura Research Institute, Ltd. | &nbsp;&nbsp;43617 | &nbsp;&nbsp;&nbsp;1659828 |
| Obic Company, Ltd. | &nbsp;&nbsp;37369 | &nbsp;&nbsp;&nbsp;1172963 |
| Okta, Inc. (A) | &nbsp;&nbsp;24846 | &nbsp;&nbsp;&nbsp;2148434 |
| Otsuka Corp. | &nbsp;&nbsp;26322 | &nbsp;&nbsp;&nbsp;&nbsp;542380 |
| SCSK Corp. | &nbsp;&nbsp;18074 | &nbsp;&nbsp;&nbsp;&nbsp;651747 |
| The Hackett Group, Inc. | &nbsp;&nbsp;&nbsp;2624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51509 |
| TIS, Inc. | &nbsp;&nbsp;24545 | &nbsp;&nbsp;&nbsp;&nbsp;824603 |
| TSS, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;2224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15724 |
| Twilio, Inc., Class A (A) | &nbsp;&nbsp;22362 | &nbsp;&nbsp;&nbsp;3180771 |
| Unisys Corp. (A) | &nbsp;&nbsp;&nbsp;7252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20016 |
| VeriSign, Inc. | &nbsp;&nbsp;&nbsp;5083 | &nbsp;&nbsp;&nbsp;1234915 |
| VTEX, Class A (A) | &nbsp;&nbsp;&nbsp;6025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22654 |
| Whitefiber, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;1084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17127 |
| Wix.com, Ltd. (A) | &nbsp;&nbsp;&nbsp;6427 | &nbsp;&nbsp;&nbsp;&nbsp;667701 |
|  |  | 61631988 |
| **Semiconductors and semiconductor equipment – 9.0%** | **Semiconductors and semiconductor equipment – 9.0%** |  |
| ACM Research, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4922 | &nbsp;&nbsp;&nbsp;&nbsp;194173 |
| Advanced Micro Devices, Inc. (A) | &nbsp;&nbsp;99184 | 21241245 |
| Advantest Corp. | &nbsp;&nbsp;88448 | 11184057 |
| Aehr Test Systems (A) | &nbsp;&nbsp;&nbsp;2729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55099 |
| Aeluma, Inc. (A) | &nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22321 |
| Allegro MicroSystems, Inc. (A) | &nbsp;&nbsp;18293 | &nbsp;&nbsp;&nbsp;&nbsp;482569 |
| Alpha & Omega Semiconductor, Ltd. (A) | &nbsp;&nbsp;&nbsp;2405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47643 |
| Ambarella, Inc. (A) | &nbsp;&nbsp;&nbsp;3966 | &nbsp;&nbsp;&nbsp;&nbsp;280951 |
| Ambiq Micro, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14136 |
| Amkor Technology, Inc. | &nbsp;&nbsp;16771 | &nbsp;&nbsp;&nbsp;&nbsp;662119 |
| Analog Devices, Inc. | &nbsp;&nbsp;29971 | &nbsp;&nbsp;&nbsp;8128135 |
| Applied Materials, Inc. | &nbsp;&nbsp;48533 | 12472496 |
| ASM International NV | &nbsp;&nbsp;&nbsp;5410 | &nbsp;&nbsp;&nbsp;3275186 |
| ASML Holding NV | &nbsp;&nbsp;44810 | 48283678 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 137 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Semiconductors and semiconductor equipment (continued)** | **Semiconductors and semiconductor equipment (continued)** |  |
| Axcelis Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3018 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242466 |
| BE Semiconductor Industries NV | &nbsp;&nbsp;&nbsp;&nbsp;8431 | &nbsp;&nbsp;&nbsp;&nbsp;1318068 |
| Blaize Holdings, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;7912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15428 |
| Broadcom, Inc. | &nbsp;&nbsp;287697 | &nbsp;&nbsp;&nbsp;99571932 |
| CEVA, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48140 |
| Cirrus Logic, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891831 |
| Cohu, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104087 |
| Credo Technology Group Holding, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;14939 | &nbsp;&nbsp;&nbsp;&nbsp;2149573 |
| Diodes, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221142 |
| Disco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10642 | &nbsp;&nbsp;&nbsp;&nbsp;3242213 |
| Entegris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22360 | &nbsp;&nbsp;&nbsp;&nbsp;1883830 |
| First Solar, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6537 | &nbsp;&nbsp;&nbsp;&nbsp;1707661 |
| FormFactor, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423538 |
| Ichor Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62257 |
| Impinj, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457124 |
| Indie Semiconductor, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;19250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67953 |
| Infineon Technologies AG | &nbsp;&nbsp;150764 | &nbsp;&nbsp;&nbsp;&nbsp;6577975 |
| Intel Corp. (A) | &nbsp;&nbsp;273163 | &nbsp;&nbsp;&nbsp;10079715 |
| Kioxia Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;15573 | &nbsp;&nbsp;&nbsp;&nbsp;1036462 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8005 | &nbsp;&nbsp;&nbsp;&nbsp;9726715 |
| Kopin Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;17594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41170 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225659 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76520 | &nbsp;&nbsp;&nbsp;13098694 |
| Lasertec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9252 | &nbsp;&nbsp;&nbsp;&nbsp;1762900 |
| Lattice Semiconductor Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;20175 | &nbsp;&nbsp;&nbsp;&nbsp;1484477 |
| MACOM Technology Solutions Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;9446 | &nbsp;&nbsp;&nbsp;&nbsp;1617911 |
| MaxLinear, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140416 |
| Microchip Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32925 | &nbsp;&nbsp;&nbsp;&nbsp;2097981 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68383 | &nbsp;&nbsp;&nbsp;19517192 |
| MKS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9907 | &nbsp;&nbsp;&nbsp;&nbsp;1583139 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2919 | &nbsp;&nbsp;&nbsp;&nbsp;2645665 |
| Navitas Semiconductor Corp. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;15587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111291 |
| Nova, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp;&nbsp;1136596 |
| NVE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29606 |
| NVIDIA Corp. | 1480409 | 276096260 |
| NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;&nbsp;15333 | &nbsp;&nbsp;&nbsp;&nbsp;3328181 |
| ON Semiconductor Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;24514 | &nbsp;&nbsp;&nbsp;&nbsp;1327433 |
| Onto Innovation, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7229 | &nbsp;&nbsp;&nbsp;&nbsp;1141170 |
| PDF Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90041 |
| Penguin Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99423 |
| Photronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178400 |
| Power Integrations, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194759 |
| Qnity Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12760 | &nbsp;&nbsp;&nbsp;&nbsp;1041854 |
| Qualcomm, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65248 | &nbsp;&nbsp;&nbsp;11160670 |
| Rambus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;26382 | &nbsp;&nbsp;&nbsp;&nbsp;2424242 |
| Renesas Electronics Corp. (A) | &nbsp;&nbsp;205158 | &nbsp;&nbsp;&nbsp;&nbsp;2810018 |
| Rigetti Computing, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;31112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689131 |
| SCREEN Holdings Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;9360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911704 |
| Semtech Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625333 |
| Silicon Laboratories, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8017 | &nbsp;&nbsp;&nbsp;&nbsp;1047822 |
| SiTime Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741346 |
| SkyWater Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53953 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574304 |
| STMicroelectronics NV | &nbsp;&nbsp;&nbsp;&nbsp;78167 | &nbsp;&nbsp;&nbsp;&nbsp;2042902 |
| Synaptics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;9525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705041 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9541 | &nbsp;&nbsp;&nbsp;&nbsp;1846756 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55355 | &nbsp;&nbsp;&nbsp;&nbsp;9603539 |
| Tokyo Electron, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;51726 | &nbsp;&nbsp;&nbsp;11520790 |
| Ultra Clean Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;4406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111604 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761522 |
| Veeco Instruments, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;5798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165707 |
|  |  | 622958520 |
| **Software – 6.4%** | **Software – 6.4%** |  |
| 8x8, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;13869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27322 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| A10 Networks, Inc. | &nbsp;&nbsp;7002 | $&nbsp;&nbsp;&nbsp;&nbsp;123865 |
| ACI Worldwide, Inc. (A) | 10069 | &nbsp;&nbsp;&nbsp;&nbsp;481399 |
| Adeia, Inc. | 10714 | &nbsp;&nbsp;&nbsp;&nbsp;184817 |
| Adobe, Inc. (A) | 25502 | &nbsp;&nbsp;&nbsp;8925445 |
| Agilysys, Inc. (A) | &nbsp;&nbsp;2525 | &nbsp;&nbsp;&nbsp;&nbsp;300071 |
| Alarm.com Holdings, Inc. (A) | &nbsp;&nbsp;4643 | &nbsp;&nbsp;&nbsp;&nbsp;236886 |
| Alkami Technology, Inc. (A) | &nbsp;&nbsp;6756 | &nbsp;&nbsp;&nbsp;&nbsp;155861 |
| Amplitude, Inc., Class A (A) | &nbsp;&nbsp;9172 | &nbsp;&nbsp;&nbsp;&nbsp;106212 |
| Appfolio, Inc., Class A (A) | &nbsp;&nbsp;3403 | &nbsp;&nbsp;&nbsp;&nbsp;791708 |
| Appian Corp., Class A (A) | &nbsp;&nbsp;3853 | &nbsp;&nbsp;&nbsp;&nbsp;136473 |
| AppLovin Corp., Class A (A) | 16491 | 11111966 |
| Arteris, Inc. (A) | &nbsp;&nbsp;3093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47942 |
| Asana, Inc., Class A (A) | &nbsp;&nbsp;8471 | &nbsp;&nbsp;&nbsp;&nbsp;116137 |
| Autodesk, Inc. (A) | 12976 | &nbsp;&nbsp;&nbsp;3841026 |
| AvePoint, Inc. (A) | 14478 | &nbsp;&nbsp;&nbsp;&nbsp;201099 |
| Bentley Systems, Inc., Class B | 21966 | &nbsp;&nbsp;&nbsp;&nbsp;838332 |
| BILL Holdings, Inc. (A) | 13147 | &nbsp;&nbsp;&nbsp;&nbsp;717037 |
| Bit Digital, Inc. (A) | 30695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58014 |
| Bitdeer Technologies Group, Class A (A) | &nbsp;&nbsp;9638 | &nbsp;&nbsp;&nbsp;&nbsp;108042 |
| Blackbaud, Inc. (A) | &nbsp;&nbsp;9163 | &nbsp;&nbsp;&nbsp;&nbsp;580201 |
| Blackline, Inc. (A) | &nbsp;&nbsp;5060 | &nbsp;&nbsp;&nbsp;&nbsp;279767 |
| Blend Labs, Inc., Class A (A) | 19472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59195 |
| Box, Inc., Class A (A) | 13640 | &nbsp;&nbsp;&nbsp;&nbsp;407972 |
| Braze, Inc., Class A (A) | &nbsp;&nbsp;8335 | &nbsp;&nbsp;&nbsp;&nbsp;285807 |
| C3.ai, Inc., Class A (A) | 12313 | &nbsp;&nbsp;&nbsp;&nbsp;165979 |
| Cadence Design Systems, Inc. (A) | 16583 | &nbsp;&nbsp;&nbsp;5183514 |
| Cerence, Inc. (A) | &nbsp;&nbsp;3831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40953 |
| Chaince Digital Holdings, Inc. (A)(C) | &nbsp;&nbsp;3993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19845 |
| Check Point Software Technologies, Ltd. (A) | &nbsp;&nbsp;9915 | &nbsp;&nbsp;&nbsp;1839827 |
| Cipher Mining, Inc. (A) | 31600 | &nbsp;&nbsp;&nbsp;&nbsp;466416 |
| CleanSpark, Inc. (A) | 27035 | &nbsp;&nbsp;&nbsp;&nbsp;273594 |
| Clear Secure, Inc., Class A | &nbsp;&nbsp;8407 | &nbsp;&nbsp;&nbsp;&nbsp;294918 |
| Clearwater Analytics Holdings, Inc., Class A (A) | 27167 | &nbsp;&nbsp;&nbsp;&nbsp;655268 |
| CommVault Systems, Inc. (A) | 10862 | &nbsp;&nbsp;&nbsp;1361660 |
| Consensus Cloud Solutions, Inc. (A) | &nbsp;&nbsp;1850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40367 |
| Core Scientific, Inc. (A) | 28284 | &nbsp;&nbsp;&nbsp;&nbsp;411815 |
| Crowdstrike Holdings, Inc., Class A (A) | 15289 | &nbsp;&nbsp;&nbsp;7166872 |
| CyberArk Software, Ltd. (A) | &nbsp;&nbsp;5827 | &nbsp;&nbsp;&nbsp;2599192 |
| Daily Journal Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58966 |
| Dassault Systemes SE | 77434 | &nbsp;&nbsp;&nbsp;2163369 |
| Datadog, Inc., Class A (A) | 19827 | &nbsp;&nbsp;&nbsp;2696274 |
| Digimarc Corp. (A) | &nbsp;&nbsp;1823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11959 |
| Digital Turbine, Inc. (A) | 10600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53000 |
| DocuSign, Inc. (A) | 29661 | &nbsp;&nbsp;&nbsp;2028812 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;9024 | &nbsp;&nbsp;&nbsp;&nbsp;579521 |
| Domo, Inc., Class B (A) | &nbsp;&nbsp;3369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28401 |
| Dropbox, Inc., Class A (A) | 25725 | &nbsp;&nbsp;&nbsp;&nbsp;715155 |
| D-Wave Quantum, Inc. (A)(C) | 32602 | &nbsp;&nbsp;&nbsp;&nbsp;852542 |
| Dynatrace, Inc. (A) | 44467 | &nbsp;&nbsp;&nbsp;1927200 |
| eGain Corp. (A) | &nbsp;&nbsp;1609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16557 |
| EverCommerce, Inc. (A)(C) | &nbsp;&nbsp;1640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19860 |
| Fair Isaac Corp. (A) | &nbsp;&nbsp;1444 | &nbsp;&nbsp;&nbsp;2441255 |
| Five9, Inc. (A) | &nbsp;&nbsp;7501 | &nbsp;&nbsp;&nbsp;&nbsp;150395 |
| Fortinet, Inc. (A) | 38509 | &nbsp;&nbsp;&nbsp;3058000 |
| Freshworks, Inc., Class A (A) | 19596 | &nbsp;&nbsp;&nbsp;&nbsp;240051 |
| Gen Digital, Inc. | 34192 | &nbsp;&nbsp;&nbsp;&nbsp;929680 |
| Guidewire Software, Inc. (A) | 12540 | &nbsp;&nbsp;&nbsp;2520665 |
| Hut 8 Corp. (A) | &nbsp;&nbsp;9325 | &nbsp;&nbsp;&nbsp;&nbsp;428391 |
| i3 Verticals, Inc., Class A (A) | &nbsp;&nbsp;2324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58542 |
| Intapp, Inc. (A) | &nbsp;&nbsp;5582 | &nbsp;&nbsp;&nbsp;&nbsp;255767 |
| InterDigital, Inc. | &nbsp;&nbsp;2520 | &nbsp;&nbsp;&nbsp;&nbsp;802318 |
| Intuit, Inc. | 16985 | 11251204 |
| Jamf Holding Corp. (A) | &nbsp;&nbsp;7688 | &nbsp;&nbsp;&nbsp;&nbsp;100021 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 138 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Kaltura, Inc. (A) | &nbsp;&nbsp;&nbsp;9898 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16233 |
| Life360, Inc. (A) | &nbsp;&nbsp;&nbsp;2007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128729 |
| LiveRamp Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185618 |
| Manhattan Associates, Inc. (A) | &nbsp;&nbsp;&nbsp;8888 | &nbsp;&nbsp;&nbsp;&nbsp;1540379 |
| MARA Holdings, Inc. (A)(C) | &nbsp;&nbsp;36214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325202 |
| Microsoft Corp. | 452797 | 218981685 |
| Mitek Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;4422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46652 |
| Monday.com, Ltd. (A) | &nbsp;&nbsp;&nbsp;4982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735144 |
| N-able, Inc. (A) | &nbsp;&nbsp;&nbsp;7347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54956 |
| NCR Voyix Corp. (A) | &nbsp;&nbsp;13605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138771 |
| Nebius Group NV, Class A (A) | &nbsp;&nbsp;24489 | &nbsp;&nbsp;&nbsp;&nbsp;2049852 |
| Nemetschek SE | &nbsp;&nbsp;&nbsp;6667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721304 |
| NextNav, Inc. (A) | &nbsp;&nbsp;&nbsp;9296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154685 |
| Nice, Ltd. (A) | &nbsp;&nbsp;&nbsp;7128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805727 |
| Nutanix, Inc., Class A (A) | &nbsp;&nbsp;39938 | &nbsp;&nbsp;&nbsp;&nbsp;2064395 |
| ON24, Inc. (A) | &nbsp;&nbsp;&nbsp;4815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38327 |
| OneSpan, Inc. | &nbsp;&nbsp;&nbsp;3457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44388 |
| Ooma, Inc. (A) | &nbsp;&nbsp;&nbsp;2716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31859 |
| Oracle Corp. | 102469 | &nbsp;&nbsp;&nbsp;19972233 |
| Oracle Corp. Japan | &nbsp;&nbsp;&nbsp;4444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373514 |
| Pagaya Technologies, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;4974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103957 |
| PagerDuty, Inc. (A) | &nbsp;&nbsp;&nbsp;8737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114542 |
| Palantir Technologies, Inc., Class A (A) | 139167 | &nbsp;&nbsp;&nbsp;24736934 |
| Palo Alto Networks, Inc. (A) | &nbsp;&nbsp;41670 | &nbsp;&nbsp;&nbsp;&nbsp;7675614 |
| PAR Technology Corp. (A) | &nbsp;&nbsp;&nbsp;3931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142617 |
| Pegasystems, Inc. | &nbsp;&nbsp;13518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807295 |
| Porch Group, Inc. (A) | &nbsp;&nbsp;&nbsp;8473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77358 |
| Progress Software Corp. (A) | &nbsp;&nbsp;&nbsp;4164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178885 |
| PTC, Inc. (A) | &nbsp;&nbsp;&nbsp;7298 | &nbsp;&nbsp;&nbsp;&nbsp;1271385 |
| Q2 Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;6060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437290 |
| Qualys, Inc. (A) | &nbsp;&nbsp;&nbsp;8844 | &nbsp;&nbsp;&nbsp;&nbsp;1175368 |
| Rapid7, Inc. (A) | &nbsp;&nbsp;&nbsp;6339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96353 |
| Red Violet, Inc. | &nbsp;&nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63271 |
| ReposiTrak, Inc. (C) | &nbsp;&nbsp;&nbsp;1450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17937 |
| Rezolve AI PLC (A)(C) | &nbsp;&nbsp;17533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45060 |
| Rimini Street, Inc. (A) | &nbsp;&nbsp;&nbsp;5027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19505 |
| Riot Platforms, Inc. (A) | &nbsp;&nbsp;33959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430261 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;6558 | &nbsp;&nbsp;&nbsp;&nbsp;2919163 |
| Salesforce, Inc. | &nbsp;&nbsp;57998 | &nbsp;&nbsp;&nbsp;15364250 |
| SAP SE | 120553 | &nbsp;&nbsp;&nbsp;29290585 |
| SEMrush Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60163 |
| ServiceNow, Inc. (A) | &nbsp;&nbsp;63200 | &nbsp;&nbsp;&nbsp;&nbsp;9681608 |
| SoundHound AI, Inc., Class A (A)(C) | &nbsp;&nbsp;36523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364134 |
| Sprinklr, Inc., Class A (A) | &nbsp;&nbsp;11191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87066 |
| Sprout Social, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58976 |
| SPS Commerce, Inc. (A) | &nbsp;&nbsp;&nbsp;3734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332811 |
| Synopsys, Inc. (A) | &nbsp;&nbsp;11316 | &nbsp;&nbsp;&nbsp;&nbsp;5315352 |
| Telos Corp. (A) | &nbsp;&nbsp;&nbsp;5306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27061 |
| Tenable Holdings, Inc. (A) | &nbsp;&nbsp;11917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280407 |
| TeraWulf, Inc. (A)(C) | &nbsp;&nbsp;29542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339438 |
| The Sage Group PLC | 111224 | &nbsp;&nbsp;&nbsp;&nbsp;1617695 |
| Trend Micro, Inc. | &nbsp;&nbsp;14640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608032 |
| Tyler Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;2621 | &nbsp;&nbsp;&nbsp;&nbsp;1189803 |
| UiPath, Inc., Class A (A) | &nbsp;&nbsp;62577 | &nbsp;&nbsp;&nbsp;&nbsp;1025637 |
| Varonis Systems, Inc. (A) | &nbsp;&nbsp;11408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374182 |
| Vertex, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138033 |
| Via Transportation, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31331 |
| Viant Technology, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19734 |
| Weave Communications, Inc. (A) | &nbsp;&nbsp;&nbsp;6116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46420 |
| WiseTech Global, Ltd. | &nbsp;&nbsp;23276 | &nbsp;&nbsp;&nbsp;&nbsp;1058232 |
| Workday, Inc., Class A (A) | &nbsp;&nbsp;13220 | &nbsp;&nbsp;&nbsp;&nbsp;2839392 |
| Workiva, Inc. (A) | &nbsp;&nbsp;&nbsp;4898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422453 |
| Xero, Ltd. (A) | &nbsp;&nbsp;19101 | &nbsp;&nbsp;&nbsp;&nbsp;1446975 |
| Xperi, Inc. (A) | &nbsp;&nbsp;&nbsp;4723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27677 |
| Yext, Inc. (A) | &nbsp;&nbsp;&nbsp;9912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79891 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Zeta Global Holdings Corp., Class A (A) | &nbsp;&nbsp;18354 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373504 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;445254011 |
| **Technology hardware, storage and peripherals – 4.0%** | **Technology hardware, storage and peripherals – 4.0%** |  |
| Apple, Inc. | 900207 | &nbsp;&nbsp;&nbsp;&nbsp;244730275 |
| Canon, Inc. (C) | 100086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2961403 |
| CompoSecure, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108662 |
| Corsair Gaming, Inc. (A) | &nbsp;&nbsp;&nbsp;4775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28364 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;18362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2311409 |
| Diebold Nixdorf, Inc. (A) | &nbsp;&nbsp;&nbsp;2420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164294 |
| Eastman Kodak Company (A) | &nbsp;&nbsp;&nbsp;4798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40591 |
| FUJIFILM Holdings Corp. | 129242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2742310 |
| Hewlett Packard Enterprise Company | &nbsp;&nbsp;80384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1930824 |
| HP, Inc. | &nbsp;&nbsp;56945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268735 |
| Immersion Corp. | &nbsp;&nbsp;&nbsp;2795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19006 |
| IonQ, Inc. (A) | &nbsp;&nbsp;32957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478781 |
| Logitech International SA | &nbsp;&nbsp;17634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1790168 |
| NetApp, Inc. | &nbsp;&nbsp;12161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1302321 |
| Pure Storage, Inc., Class A (A) | &nbsp;&nbsp;46047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085609 |
| Quantum Computing, Inc. (A) | &nbsp;&nbsp;19636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201465 |
| Sandisk Corp. (A) | &nbsp;&nbsp;&nbsp;8482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013457 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;13273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3655251 |
| Super Micro Computer, Inc. (A) | &nbsp;&nbsp;30550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894199 |
| Turtle Beach Corp. (A) | &nbsp;&nbsp;&nbsp;1599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22434 |
| Western Digital Corp. | &nbsp;&nbsp;20829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588212 |
| Xerox Holdings Corp. | &nbsp;&nbsp;11853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28092 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;274365862 |
|  |  | 1531674119 |
| **Materials – 3.4%** |  |  |
| **Chemicals – 1.3%** | **Chemicals – 1.3%** |  |
| AdvanSix, Inc. | &nbsp;&nbsp;&nbsp;2549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44098 |
| Air Liquide SA | &nbsp;&nbsp;66790 | &nbsp;&nbsp;&nbsp;&nbsp;12553441 |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;13558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3349097 |
| Akzo Nobel NV | &nbsp;&nbsp;19746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373936 |
| Albemarle Corp. | &nbsp;&nbsp;&nbsp;7170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014125 |
| American Vanguard Corp. (A) | &nbsp;&nbsp;&nbsp;2982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11391 |
| Arq, Inc. (A) | &nbsp;&nbsp;&nbsp;3531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11546 |
| Asahi Kasei Corp. | 149789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1331437 |
| Ashland, Inc. | &nbsp;&nbsp;&nbsp;6741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395494 |
| ASP Isotopes, Inc. (A) | &nbsp;&nbsp;&nbsp;9059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48466 |
| Aspen Aerogels, Inc. (A) | &nbsp;&nbsp;&nbsp;6797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19236 |
| Avient Corp. | &nbsp;&nbsp;22521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703556 |
| Axalta Coating Systems, Ltd. (A) | &nbsp;&nbsp;31466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016666 |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;3196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490139 |
| BASF SE | 103038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5421714 |
| Cabot Corp. | &nbsp;&nbsp;13029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863562 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp;9503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734962 |
| Corteva, Inc. | &nbsp;&nbsp;41167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2759424 |
| Dow, Inc. | &nbsp;&nbsp;43302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1012401 |
| DSM-Firmenich AG | &nbsp;&nbsp;19937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1608315 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;25525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026105 |
| Ecolab, Inc. | &nbsp;&nbsp;15530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4076936 |
| Ecovyst, Inc. (A) | &nbsp;&nbsp;11180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108781 |
| EMS-Chemie Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558763 |
| Evonik Industries AG | &nbsp;&nbsp;29590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461784 |
| Flotek Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;1411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24312 |
| Givaudan SA | &nbsp;&nbsp;&nbsp;1066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4217359 |
| Hawkins, Inc. | &nbsp;&nbsp;&nbsp;1908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271050 |
| HB Fuller Company | &nbsp;&nbsp;&nbsp;5310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315733 |
| ICL Group, Ltd. | &nbsp;&nbsp;89402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514091 |
| Ingevity Corp. (A) | &nbsp;&nbsp;&nbsp;3564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210918 |
| Innospec, Inc. | &nbsp;&nbsp;&nbsp;2430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185992 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;15602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051419 |
| Intrepid Potash, Inc. (A) | &nbsp;&nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30808 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;1840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49827 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 139 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Chemicals (continued)** | **Chemicals (continued)** |  |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;&nbsp;2893 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12787 |
| Linde PLC | &nbsp;&nbsp;28447 | 12129516 |
| LSB Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;5272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44812 |
| LyondellBasell Industries NV, Class A | &nbsp;&nbsp;15687 | &nbsp;&nbsp;&nbsp;&nbsp;679247 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;&nbsp;5256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63860 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;3101 | &nbsp;&nbsp;&nbsp;&nbsp;189006 |
| Mitsubishi Chemical Group Corp. | 147813 | &nbsp;&nbsp;&nbsp;&nbsp;865243 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;790349 |
| Nippon Paint Holdings Company, Ltd. | 109466 | &nbsp;&nbsp;&nbsp;&nbsp;732955 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp;19999 | &nbsp;&nbsp;&nbsp;&nbsp;597451 |
| Nitto Denko Corp. | &nbsp;&nbsp;78349 | &nbsp;&nbsp;&nbsp;1865466 |
| Novonesis A/S, B Shares | &nbsp;&nbsp;40680 | &nbsp;&nbsp;&nbsp;2602727 |
| Olin Corp. | &nbsp;&nbsp;16832 | &nbsp;&nbsp;&nbsp;&nbsp;350611 |
| Orion SA | &nbsp;&nbsp;&nbsp;5961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31474 |
| Perimeter Solutions, Inc. (A) | &nbsp;&nbsp;13562 | &nbsp;&nbsp;&nbsp;&nbsp;373362 |
| PPG Industries, Inc. | &nbsp;&nbsp;13671 | &nbsp;&nbsp;&nbsp;1400731 |
| PureCycle Technologies, Inc. (A)(C) | &nbsp;&nbsp;12726 | &nbsp;&nbsp;&nbsp;&nbsp;109316 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;1339 | &nbsp;&nbsp;&nbsp;&nbsp;183858 |
| Rayonier Advanced Materials, Inc. (A) | &nbsp;&nbsp;&nbsp;6441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37937 |
| RPM International, Inc. | &nbsp;&nbsp;18911 | &nbsp;&nbsp;&nbsp;1966744 |
| Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;4102 | &nbsp;&nbsp;&nbsp;&nbsp;385383 |
| Shin-Etsu Chemical Company, Ltd. | 194787 | &nbsp;&nbsp;&nbsp;6050307 |
| Sika AG | &nbsp;&nbsp;17600 | &nbsp;&nbsp;&nbsp;3573247 |
| Stepan Company | &nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99456 |
| Syensqo SA | &nbsp;&nbsp;&nbsp;8398 | &nbsp;&nbsp;&nbsp;&nbsp;672665 |
| Symrise AG | &nbsp;&nbsp;15329 | &nbsp;&nbsp;&nbsp;1241979 |
| The Chemours Company | &nbsp;&nbsp;14757 | &nbsp;&nbsp;&nbsp;&nbsp;173985 |
| The Mosaic Company | &nbsp;&nbsp;19338 | &nbsp;&nbsp;&nbsp;&nbsp;465852 |
| The Scotts Miracle-Gro Company | &nbsp;&nbsp;&nbsp;6557 | &nbsp;&nbsp;&nbsp;&nbsp;382601 |
| The Sherwin-Williams Company | &nbsp;&nbsp;14045 | &nbsp;&nbsp;&nbsp;4551001 |
| Toray Industries, Inc. | 160099 | &nbsp;&nbsp;&nbsp;1043811 |
| Tronox Holdings PLC | &nbsp;&nbsp;12035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50186 |
| Westlake Corp. | &nbsp;&nbsp;&nbsp;4919 | &nbsp;&nbsp;&nbsp;&nbsp;363711 |
| Yara International ASA | &nbsp;&nbsp;19115 | &nbsp;&nbsp;&nbsp;&nbsp;782224 |
|  |  | 92730744 |
| **Construction materials – 0.3%** | **Construction materials – 0.3%** |  |
| Buzzi SpA | &nbsp;&nbsp;&nbsp;8895 | &nbsp;&nbsp;&nbsp;&nbsp;537712 |
| CRH PLC | &nbsp;&nbsp;40835 | &nbsp;&nbsp;&nbsp;5096208 |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;4729 | &nbsp;&nbsp;&nbsp;&nbsp;977390 |
| Heidelberg Materials AG | &nbsp;&nbsp;15449 | &nbsp;&nbsp;&nbsp;4005258 |
| Holcim, Ltd. (A) | &nbsp;&nbsp;58900 | &nbsp;&nbsp;&nbsp;5733932 |
| Knife River Corp. (A) | &nbsp;&nbsp;13941 | &nbsp;&nbsp;&nbsp;&nbsp;980749 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;3674 | &nbsp;&nbsp;&nbsp;2287653 |
| Titan America SA (A)(C) | &nbsp;&nbsp;&nbsp;2516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41464 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;1069 | &nbsp;&nbsp;&nbsp;&nbsp;128002 |
| Vulcan Materials Company | &nbsp;&nbsp;&nbsp;8050 | &nbsp;&nbsp;&nbsp;2296021 |
|  |  | 22084389 |
| **Containers and packaging – 0.2%** | **Containers and packaging – 0.2%** |  |
| Amcor PLC | 140636 | &nbsp;&nbsp;&nbsp;1172904 |
| AptarGroup, Inc. | &nbsp;&nbsp;&nbsp;9678 | &nbsp;&nbsp;&nbsp;1180329 |
| Ardagh Metal Packaging SA | &nbsp;&nbsp;13720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56252 |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;4709 | &nbsp;&nbsp;&nbsp;&nbsp;856473 |
| Ball Corp. | &nbsp;&nbsp;16325 | &nbsp;&nbsp;&nbsp;&nbsp;864735 |
| Crown Holdings, Inc. | &nbsp;&nbsp;16817 | &nbsp;&nbsp;&nbsp;1731646 |
| Graphic Packaging Holding Company | &nbsp;&nbsp;43528 | &nbsp;&nbsp;&nbsp;&nbsp;655532 |
| Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;6256 | &nbsp;&nbsp;&nbsp;&nbsp;423531 |
| Greif, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37793 |
| International Paper Company | &nbsp;&nbsp;32170 | &nbsp;&nbsp;&nbsp;1267176 |
| Myers Industries, Inc. | &nbsp;&nbsp;&nbsp;3611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67598 |
| O-I Glass, Inc. (A) | &nbsp;&nbsp;14952 | &nbsp;&nbsp;&nbsp;&nbsp;220692 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;5445 | &nbsp;&nbsp;&nbsp;1122922 |
| Ranpak Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;4849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26233 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;12936 | &nbsp;&nbsp;&nbsp;&nbsp;522226 |
| Smurfit WestRock PLC | &nbsp;&nbsp;31813 | &nbsp;&nbsp;&nbsp;1230209 |
| Sonoco Products Company | &nbsp;&nbsp;14548 | &nbsp;&nbsp;&nbsp;&nbsp;634875 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Containers and packaging (continued)** | **Containers and packaging (continued)** |  |
| TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3104 | $&nbsp;&nbsp;&nbsp;&nbsp;110037 |
|  |  | 12181163 |
| **Metals and mining – 1.5%** | **Metals and mining – 1.5%** |  |
| 1911 Gold Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035 |
| Alcoa Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38195 | &nbsp;&nbsp;&nbsp;2029682 |
| Alpha Metallurgical Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1144 | &nbsp;&nbsp;&nbsp;&nbsp;228663 |
| American Battery Technology Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;11045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36890 |
| Anglo American PLC | &nbsp;&nbsp;129202 | &nbsp;&nbsp;&nbsp;5344118 |
| Antofagasta PLC | &nbsp;&nbsp;&nbsp;&nbsp;45526 | &nbsp;&nbsp;&nbsp;1999753 |
| ArcelorMittal SA | &nbsp;&nbsp;&nbsp;&nbsp;54150 | &nbsp;&nbsp;&nbsp;2486541 |
| Ascent Industries Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16481 |
| BHP Group, Ltd. | &nbsp;&nbsp;586343 | 17695320 |
| Boliden AB (A) | &nbsp;&nbsp;&nbsp;&nbsp;32813 | &nbsp;&nbsp;&nbsp;1817718 |
| Caledonia Mining Corp. PLC | &nbsp;&nbsp;&nbsp;&nbsp;1574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41192 |
| Century Aluminum Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;5152 | &nbsp;&nbsp;&nbsp;&nbsp;201855 |
| Cleveland-Cliffs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;84027 | &nbsp;&nbsp;&nbsp;1115879 |
| Coeur Mining, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;62325 | &nbsp;&nbsp;&nbsp;1111255 |
| Commercial Metals Company | &nbsp;&nbsp;&nbsp;&nbsp;27183 | &nbsp;&nbsp;&nbsp;1881607 |
| Compass Minerals International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65794 |
| Constellium SE (A) | &nbsp;&nbsp;&nbsp;&nbsp;13408 | &nbsp;&nbsp;&nbsp;&nbsp;252741 |
| Contango ORE, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29077 |
| Critical Metals Corp. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;4431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30751 |
| Dakota Gold Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50995 |
| Endeavour Mining PLC | &nbsp;&nbsp;&nbsp;&nbsp;22298 | &nbsp;&nbsp;&nbsp;1165015 |
| Evolution Mining, Ltd. | &nbsp;&nbsp;234417 | &nbsp;&nbsp;&nbsp;1961775 |
| Ferroglobe PLC | &nbsp;&nbsp;&nbsp;&nbsp;11564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53657 |
| Fortescue, Ltd. | &nbsp;&nbsp;195500 | &nbsp;&nbsp;&nbsp;2858698 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87480 | &nbsp;&nbsp;&nbsp;4443109 |
| Fresnillo PLC | &nbsp;&nbsp;&nbsp;&nbsp;25521 | &nbsp;&nbsp;&nbsp;1137993 |
| Glencore PLC (A) | 1160480 | &nbsp;&nbsp;&nbsp;6343950 |
| Hecla Mining Company | &nbsp;&nbsp;160707 | &nbsp;&nbsp;&nbsp;3083967 |
| Idaho Strategic Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;1402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56501 |
| Ivanhoe Electric, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10449 | &nbsp;&nbsp;&nbsp;&nbsp;166975 |
| JFE Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66440 | &nbsp;&nbsp;&nbsp;&nbsp;847036 |
| JX Advanced Metals Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64313 | &nbsp;&nbsp;&nbsp;&nbsp;803981 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1571 | &nbsp;&nbsp;&nbsp;&nbsp;180445 |
| Lifezone Metals, Ltd. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;2798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11947 |
| Lynas Rare Earths, Ltd. (A) | &nbsp;&nbsp;104578 | &nbsp;&nbsp;&nbsp;&nbsp;857689 |
| Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2015 | &nbsp;&nbsp;&nbsp;&nbsp;250505 |
| Metallus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;3612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61982 |
| MP Materials Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;19866 | &nbsp;&nbsp;&nbsp;1003630 |
| Newmont Corp. | &nbsp;&nbsp;&nbsp;&nbsp;66482 | &nbsp;&nbsp;&nbsp;6638228 |
| NioCorp Developments, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55677 |
| Nippon Steel Corp. | &nbsp;&nbsp;558328 | &nbsp;&nbsp;&nbsp;2284708 |
| Norsk Hydro ASA | &nbsp;&nbsp;159889 | &nbsp;&nbsp;&nbsp;1234210 |
| Northern Star Resources, Ltd. | &nbsp;&nbsp;156915 | &nbsp;&nbsp;&nbsp;2761335 |
| Novagold Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;29542 | &nbsp;&nbsp;&nbsp;&nbsp;275331 |
| Nucor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13943 | &nbsp;&nbsp;&nbsp;2274243 |
| Olympic Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42058 |
| Pan American Silver Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;54671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27062 |
| Perpetua Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;8286 | &nbsp;&nbsp;&nbsp;&nbsp;200604 |
| Ramaco Resources, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;4071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73278 |
| Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7712 | &nbsp;&nbsp;&nbsp;2227765 |
| Rio Tinto PLC | &nbsp;&nbsp;130309 | 10496523 |
| Rio Tinto, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;42856 | &nbsp;&nbsp;&nbsp;4180842 |
| Royal Gold, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11950 | &nbsp;&nbsp;&nbsp;2656366 |
| Ryerson Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67806 |
| South32, Ltd. | &nbsp;&nbsp;519459 | &nbsp;&nbsp;&nbsp;1229614 |
| SSR Mining, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;19809 | &nbsp;&nbsp;&nbsp;&nbsp;434213 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8363 | &nbsp;&nbsp;&nbsp;1417110 |
| Sumitomo Metal Mining Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;28538 | &nbsp;&nbsp;&nbsp;1142763 |
| SunCoke Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58997 |
| Tredegar Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;2878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20664 |
| United States Antimony Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;11599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58227 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 140 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** |  |
| US Gold Corp. (A) | &nbsp;&nbsp;&nbsp;1149 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22302 |
| USA Rare Earth, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;8584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102150 |
| Vox Royalty Corp. | &nbsp;&nbsp;&nbsp;6125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29033 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;5081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447992 |
| Worthington Steel, Inc. | &nbsp;&nbsp;&nbsp;3267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113104 |
|  |  | 102299407 |
| **Paper and forest products – 0.1%** | **Paper and forest products – 0.1%** |  |
| Clearwater Paper Corp. (A) | &nbsp;&nbsp;&nbsp;1580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27492 |
| Holmen AB, B Shares | &nbsp;&nbsp;&nbsp;8123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311586 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;9347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754864 |
| Magnera Corp. (A) | &nbsp;&nbsp;&nbsp;3147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47646 |
| Resolute Forest Products, Inc. (A)(D) | &nbsp;&nbsp;&nbsp;7217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10248 |
| Stora Enso OYJ, R Shares | &nbsp;&nbsp;67239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839521 |
| Svenska Cellulosa AB SCA, B Shares | &nbsp;&nbsp;70137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930145 |
| Sylvamo Corp. | &nbsp;&nbsp;&nbsp;3376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162554 |
| UPM-Kymmene OYJ | &nbsp;&nbsp;60926 | &nbsp;&nbsp;&nbsp;&nbsp;1761334 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4845390 |
|  |  | 234141093 |
| **Real estate – 2.2%** |  |  |
| **Diversified REITs – 0.1%** | **Diversified REITs – 0.1%** |  |
| Alexander & Baldwin, Inc. | &nbsp;&nbsp;&nbsp;7452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153809 |
| Alpine Income Property Trust, Inc. | &nbsp;&nbsp;&nbsp;1481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24762 |
| American Assets Trust, Inc. | &nbsp;&nbsp;&nbsp;5126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97035 |
| Armada Hoffler Properties, Inc. | &nbsp;&nbsp;&nbsp;7953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52649 |
| Broadstone Net Lease, Inc. | &nbsp;&nbsp;18162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315474 |
| CapitaLand Integrated Commercial Trust | 702684 | &nbsp;&nbsp;&nbsp;&nbsp;1304213 |
| Covivio SA | &nbsp;&nbsp;&nbsp;6443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427689 |
| CTO Realty Growth, Inc. | &nbsp;&nbsp;&nbsp;2864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52726 |
| Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;19131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567425 |
| Gladstone Commercial Corp. | &nbsp;&nbsp;&nbsp;4803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51248 |
| Global Net Lease, Inc. | &nbsp;&nbsp;19553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168156 |
| Land Securities Group PLC | &nbsp;&nbsp;81708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683207 |
| Modiv Industrial, Inc. | &nbsp;&nbsp;&nbsp;1127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16218 |
| NexPoint Diversified Real Estate Trust | &nbsp;&nbsp;&nbsp;3830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14669 |
| Stockland | 279658 | &nbsp;&nbsp;&nbsp;&nbsp;1066255 |
| WP Carey, Inc. | &nbsp;&nbsp;32322 | &nbsp;&nbsp;&nbsp;&nbsp;2080244 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7075779 |
| **Health care REITs – 0.2%** | **Health care REITs – 0.2%** |  |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;9476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463755 |
| American Healthcare REIT, Inc. | &nbsp;&nbsp;16401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771831 |
| CareTrust REIT, Inc. | &nbsp;&nbsp;21781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787601 |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp;&nbsp;2712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44531 |
| Diversified Healthcare Trust | &nbsp;&nbsp;21672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105109 |
| Global Medical REIT, Inc. | &nbsp;&nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41973 |
| Healthcare Realty Trust, Inc. | &nbsp;&nbsp;51862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879061 |
| Healthpeak Properties, Inc. | &nbsp;&nbsp;42336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680763 |
| LTC Properties, Inc. | &nbsp;&nbsp;&nbsp;4291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147525 |
| National Health Investors, Inc. | &nbsp;&nbsp;&nbsp;4569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348935 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;43588 | &nbsp;&nbsp;&nbsp;&nbsp;1932692 |
| Sabra Health Care REIT, Inc. | &nbsp;&nbsp;59768 | &nbsp;&nbsp;&nbsp;&nbsp;1132006 |
| Sila Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;5411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126130 |
| Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;1246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48856 |
| Ventas, Inc. | &nbsp;&nbsp;28617 | &nbsp;&nbsp;&nbsp;&nbsp;2214383 |
| Welltower, Inc. | &nbsp;&nbsp;41813 | &nbsp;&nbsp;&nbsp;&nbsp;7760911 |
|  |  | &nbsp;&nbsp;&nbsp;17486062 |
| **Hotel and resort REITs – 0.0%** | **Hotel and resort REITs – 0.0%** |  |
| Apple Hospitality REIT, Inc. | &nbsp;&nbsp;21203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251256 |
| Braemar Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;5731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16448 |
| Chatham Lodging Trust | &nbsp;&nbsp;&nbsp;4686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31912 |
| DiamondRock Hospitality Company | &nbsp;&nbsp;20015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179334 |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp;38964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690832 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;29484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308403 |
| Pebblebrook Hotel Trust | &nbsp;&nbsp;11469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129829 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotel and resort REITs (continued)** | **Hotel and resort REITs (continued)** |  |
| RLJ Lodging Trust | &nbsp;&nbsp;13200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98340 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;5983 | &nbsp;&nbsp;&nbsp;&nbsp;566111 |
| Service Properties Trust | &nbsp;&nbsp;16033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29501 |
| Summit Hotel Properties, Inc. | &nbsp;&nbsp;10342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50366 |
| Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;17962 | &nbsp;&nbsp;&nbsp;&nbsp;160580 |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;9239 | &nbsp;&nbsp;&nbsp;&nbsp;130639 |
|  |  | &nbsp;&nbsp;&nbsp;2643551 |
| **Industrial REITs – 0.3%** | **Industrial REITs – 0.3%** |  |
| CapitaLand Ascendas REIT | 452250 | &nbsp;&nbsp;&nbsp;&nbsp;994304 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;7855 | &nbsp;&nbsp;&nbsp;1399290 |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;19531 | &nbsp;&nbsp;&nbsp;1118540 |
| Goodman Group | 236064 | &nbsp;&nbsp;&nbsp;4857763 |
| Industrial Logistics Properties Trust | &nbsp;&nbsp;&nbsp;5473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30320 |
| Innovative Industrial Properties, Inc. | &nbsp;&nbsp;&nbsp;2709 | &nbsp;&nbsp;&nbsp;&nbsp;128298 |
| LXP Industrial Trust | &nbsp;&nbsp;&nbsp;5591 | &nbsp;&nbsp;&nbsp;&nbsp;277202 |
| One Liberty Properties, Inc. | &nbsp;&nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45003 |
| Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;&nbsp;4225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92443 |
| Prologis, Inc. | &nbsp;&nbsp;56588 | &nbsp;&nbsp;&nbsp;7224024 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;34262 | &nbsp;&nbsp;&nbsp;1326625 |
| Segro PLC | 148445 | &nbsp;&nbsp;&nbsp;1438154 |
| STAG Industrial, Inc. | &nbsp;&nbsp;27544 | &nbsp;&nbsp;&nbsp;1012517 |
| Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;9923 | &nbsp;&nbsp;&nbsp;&nbsp;582579 |
|  |  | 20527062 |
| **Office REITs – 0.1%** | **Office REITs – 0.1%** |  |
| Brandywine Realty Trust | &nbsp;&nbsp;16575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48399 |
| BXP, Inc. | &nbsp;&nbsp;&nbsp;8978 | &nbsp;&nbsp;&nbsp;&nbsp;605835 |
| City Office REIT, Inc. | &nbsp;&nbsp;&nbsp;3959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27673 |
| COPT Defense Properties | &nbsp;&nbsp;27689 | &nbsp;&nbsp;&nbsp;&nbsp;769754 |
| Cousins Properties, Inc. | &nbsp;&nbsp;24773 | &nbsp;&nbsp;&nbsp;&nbsp;638648 |
| Douglas Emmett, Inc. | &nbsp;&nbsp;15735 | &nbsp;&nbsp;&nbsp;&nbsp;172928 |
| Easterly Government Properties, Inc. | &nbsp;&nbsp;&nbsp;4013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85035 |
| Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;14050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91606 |
| Gecina SA | &nbsp;&nbsp;&nbsp;5319 | &nbsp;&nbsp;&nbsp;&nbsp;505159 |
| Hudson Pacific Properties, Inc. (A) | &nbsp;&nbsp;&nbsp;5261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56977 |
| JBG SMITH Properties | &nbsp;&nbsp;&nbsp;5863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99730 |
| Kilroy Realty Corp. | &nbsp;&nbsp;16053 | &nbsp;&nbsp;&nbsp;&nbsp;599901 |
| NET Lease Office Properties | &nbsp;&nbsp;&nbsp;1472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37963 |
| Nippon Building Fund, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;899 | &nbsp;&nbsp;&nbsp;&nbsp;819378 |
| Peakstone Realty Trust | &nbsp;&nbsp;&nbsp;3599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51646 |
| Piedmont Realty Trust, Inc. | &nbsp;&nbsp;12191 | &nbsp;&nbsp;&nbsp;&nbsp;101673 |
| Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;2209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35653 |
| SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;6987 | &nbsp;&nbsp;&nbsp;&nbsp;320494 |
| Vornado Realty Trust | &nbsp;&nbsp;23794 | &nbsp;&nbsp;&nbsp;&nbsp;791864 |
|  |  | &nbsp;&nbsp;&nbsp;5860316 |
| **Real estate management and development – 0.5%** | **Real estate management and development – 0.5%** |  |
| Anywhere Real Estate, Inc. (A) | &nbsp;&nbsp;10295 | &nbsp;&nbsp;&nbsp;&nbsp;145777 |
| Azrieli Group, Ltd. | &nbsp;&nbsp;&nbsp;4899 | &nbsp;&nbsp;&nbsp;&nbsp;555430 |
| CapitaLand Investment, Ltd. | 270327 | &nbsp;&nbsp;&nbsp;&nbsp;568910 |
| CBRE Group, Inc., Class A (A) | &nbsp;&nbsp;17859 | &nbsp;&nbsp;&nbsp;2871549 |
| CK Asset Holdings, Ltd. | 222222 | &nbsp;&nbsp;&nbsp;1123751 |
| Compass, Inc., Class A (A) | &nbsp;&nbsp;47783 | &nbsp;&nbsp;&nbsp;&nbsp;505066 |
| CoStar Group, Inc. (A) | &nbsp;&nbsp;25820 | &nbsp;&nbsp;&nbsp;1736137 |
| Cushman & Wakefield, Ltd. (A) | &nbsp;&nbsp;22488 | &nbsp;&nbsp;&nbsp;&nbsp;364081 |
| Daito Trust Construction Company, Ltd. | &nbsp;&nbsp;33815 | &nbsp;&nbsp;&nbsp;&nbsp;643904 |
| Daiwa House Industry Company, Ltd. | &nbsp;&nbsp;64730 | &nbsp;&nbsp;&nbsp;2150254 |
| Douglas Elliman, Inc. (A) | &nbsp;&nbsp;&nbsp;7618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18055 |
| eXp World Holdings, Inc. | &nbsp;&nbsp;&nbsp;8719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78907 |
| Fastighets AB Balder, B Shares (A) | &nbsp;&nbsp;82890 | &nbsp;&nbsp;&nbsp;&nbsp;611836 |
| Forestar Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46551 |
| FRP Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31131 |
| Henderson Land Development Company, Ltd. | 167677 | &nbsp;&nbsp;&nbsp;&nbsp;607206 |
| Hongkong Land Holdings, Ltd. | 125332 | &nbsp;&nbsp;&nbsp;&nbsp;870646 |
| Hulic Company, Ltd. | &nbsp;&nbsp;53191 | &nbsp;&nbsp;&nbsp;&nbsp;581972 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 141 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Real estate management and development (continued)** | **Real estate management and development (continued)** |  |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;&nbsp;6961 | $&nbsp;&nbsp;&nbsp;2342168 |
| Kennedy-Wilson Holdings, Inc. | &nbsp;&nbsp;12054 | &nbsp;&nbsp;&nbsp;&nbsp;116562 |
| LEG Immobilien SE | &nbsp;&nbsp;&nbsp;8725 | &nbsp;&nbsp;&nbsp;&nbsp;636365 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;&nbsp;2578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70354 |
| Mitsubishi Estate Company, Ltd. | 122744 | &nbsp;&nbsp;&nbsp;2982079 |
| Mitsui Fudosan Company, Ltd. | 305134 | &nbsp;&nbsp;&nbsp;3467625 |
| Newmark Group, Inc., Class A | &nbsp;&nbsp;14403 | &nbsp;&nbsp;&nbsp;&nbsp;249748 |
| RE/MAX Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15635 |
| Sagax AB, Class B | &nbsp;&nbsp;25374 | &nbsp;&nbsp;&nbsp;&nbsp;542698 |
| Seaport Entertainment Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16844 |
| Sino Land Company, Ltd. | 422546 | &nbsp;&nbsp;&nbsp;&nbsp;556006 |
| Sumitomo Realty & Development Company, Ltd. | &nbsp;&nbsp;70238 | &nbsp;&nbsp;&nbsp;1763391 |
| Sun Hung Kai Properties, Ltd. | 167271 | &nbsp;&nbsp;&nbsp;2036740 |
| Swiss Prime Site AG | &nbsp;&nbsp;&nbsp;9263 | &nbsp;&nbsp;&nbsp;1438245 |
| Tejon Ranch Company (A) | &nbsp;&nbsp;&nbsp;2412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38037 |
| The Real Brokerage, Inc. (A) | &nbsp;&nbsp;13244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48341 |
| The RMR Group, Inc., Class A | &nbsp;&nbsp;&nbsp;1668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24853 |
| The St. Joe Company | &nbsp;&nbsp;&nbsp;3733 | &nbsp;&nbsp;&nbsp;&nbsp;221628 |
| The Wharf Holdings, Ltd. | 123483 | &nbsp;&nbsp;&nbsp;&nbsp;344924 |
| Vonovia SE | &nbsp;&nbsp;87355 | &nbsp;&nbsp;&nbsp;2514021 |
| Wharf Real Estate Investment Company, Ltd. | 192788 | &nbsp;&nbsp;&nbsp;&nbsp;609322 |
|  |  | 33546749 |
| **Residential REITs – 0.2%** | **Residential REITs – 0.2%** |  |
| American Homes 4 Rent, Class A | &nbsp;&nbsp;48084 | &nbsp;&nbsp;&nbsp;1543496 |
| Apartment Investment and Management Company, Class A | &nbsp;&nbsp;13099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77808 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;&nbsp;8616 | &nbsp;&nbsp;&nbsp;1562167 |
| BRT Apartments Corp. | &nbsp;&nbsp;&nbsp;1796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26401 |
| Camden Property Trust | &nbsp;&nbsp;&nbsp;6482 | &nbsp;&nbsp;&nbsp;&nbsp;713539 |
| Centerspace | &nbsp;&nbsp;&nbsp;1652 | &nbsp;&nbsp;&nbsp;&nbsp;110221 |
| Elme Communities | &nbsp;&nbsp;&nbsp;8427 | &nbsp;&nbsp;&nbsp;&nbsp;146630 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;28588 | &nbsp;&nbsp;&nbsp;1732719 |
| Equity Residential | &nbsp;&nbsp;21093 | &nbsp;&nbsp;&nbsp;1329703 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;3923 | &nbsp;&nbsp;&nbsp;1026571 |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;58457 | &nbsp;&nbsp;&nbsp;1021828 |
| Invitation Homes, Inc. | &nbsp;&nbsp;34358 | &nbsp;&nbsp;&nbsp;&nbsp;954809 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;&nbsp;7133 | &nbsp;&nbsp;&nbsp;&nbsp;990845 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp;2329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70103 |
| UDR, Inc. | &nbsp;&nbsp;18322 | &nbsp;&nbsp;&nbsp;&nbsp;672051 |
| UMH Properties, Inc. | &nbsp;&nbsp;&nbsp;8165 | &nbsp;&nbsp;&nbsp;&nbsp;129905 |
| Veris Residential, Inc. | &nbsp;&nbsp;&nbsp;7546 | &nbsp;&nbsp;&nbsp;&nbsp;112284 |
|  |  | 12221080 |
| **Retail REITs – 0.3%** | **Retail REITs – 0.3%** |  |
| Acadia Realty Trust | &nbsp;&nbsp;12868 | &nbsp;&nbsp;&nbsp;&nbsp;264309 |
| Agree Realty Corp. | &nbsp;&nbsp;16923 | &nbsp;&nbsp;&nbsp;1218964 |
| Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46857 |
| Brixmor Property Group, Inc. | &nbsp;&nbsp;45147 | &nbsp;&nbsp;&nbsp;1183754 |
| CBL & Associates Properties, Inc. | &nbsp;&nbsp;&nbsp;1738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64306 |
| Curbline Properties Corp. | &nbsp;&nbsp;&nbsp;9532 | &nbsp;&nbsp;&nbsp;&nbsp;221238 |
| Federal Realty Investment Trust | &nbsp;&nbsp;&nbsp;4783 | &nbsp;&nbsp;&nbsp;&nbsp;482126 |
| FrontView REIT, Inc. | &nbsp;&nbsp;&nbsp;2115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31217 |
| Getty Realty Corp. | &nbsp;&nbsp;&nbsp;5220 | &nbsp;&nbsp;&nbsp;&nbsp;142871 |
| InvenTrust Properties Corp. | &nbsp;&nbsp;&nbsp;7556 | &nbsp;&nbsp;&nbsp;&nbsp;213155 |
| Kimco Realty Corp. | &nbsp;&nbsp;41261 | &nbsp;&nbsp;&nbsp;&nbsp;836360 |
| Kite Realty Group Trust | &nbsp;&nbsp;53104 | &nbsp;&nbsp;&nbsp;1272903 |
| Klepierre SA | &nbsp;&nbsp;24838 | &nbsp;&nbsp;&nbsp;&nbsp;982723 |
| Link REIT | 300700 | &nbsp;&nbsp;&nbsp;1342631 |
| NETSTREIT Corp. | &nbsp;&nbsp;&nbsp;8176 | &nbsp;&nbsp;&nbsp;&nbsp;144225 |
| NNN REIT, Inc. | &nbsp;&nbsp;28012 | &nbsp;&nbsp;&nbsp;1110116 |
| Phillips Edison & Company, Inc. | &nbsp;&nbsp;12321 | &nbsp;&nbsp;&nbsp;&nbsp;438258 |
| Realty Income Corp. | &nbsp;&nbsp;56044 | &nbsp;&nbsp;&nbsp;3159200 |
| Regency Centers Corp. | &nbsp;&nbsp;10029 | &nbsp;&nbsp;&nbsp;&nbsp;692302 |
| Saul Centers, Inc. | &nbsp;&nbsp;&nbsp;1446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45592 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Retail REITs (continued)** | **Retail REITs (continued)** |  |
| Scentre Group | 602221 | $&nbsp;&nbsp;&nbsp;&nbsp;1683440 |
| Simon Property Group, Inc. | &nbsp;&nbsp;19889 | &nbsp;&nbsp;&nbsp;&nbsp;3681653 |
| SITE Centers Corp. | &nbsp;&nbsp;&nbsp;5454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35015 |
| Tanger, Inc. | &nbsp;&nbsp;10845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361898 |
| The Macerich Company | &nbsp;&nbsp;24753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456940 |
| Unibail-Rodamco-Westfield (A) | &nbsp;&nbsp;14057 | &nbsp;&nbsp;&nbsp;&nbsp;1528655 |
| Urban Edge Properties | &nbsp;&nbsp;12697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243655 |
| Vicinity, Ltd. | 451372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;768461 |
| Whitestone REIT | &nbsp;&nbsp;&nbsp;4710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65422 |
|  |  | &nbsp;&nbsp;&nbsp;22718246 |
| **Specialized REITs – 0.5%** | **Specialized REITs – 0.5%** |  |
| American Tower Corp. | &nbsp;&nbsp;28521 | &nbsp;&nbsp;&nbsp;&nbsp;5007432 |
| Crown Castle, Inc. | &nbsp;&nbsp;26530 | &nbsp;&nbsp;&nbsp;&nbsp;2357721 |
| CubeSmart | &nbsp;&nbsp;33633 | &nbsp;&nbsp;&nbsp;&nbsp;1212470 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;19671 | &nbsp;&nbsp;&nbsp;&nbsp;3043300 |
| EPR Properties | &nbsp;&nbsp;11230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560377 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;5982 | &nbsp;&nbsp;&nbsp;&nbsp;4583169 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;12931 | &nbsp;&nbsp;&nbsp;&nbsp;1683875 |
| Farmland Partners, Inc. | &nbsp;&nbsp;&nbsp;3731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36153 |
| Four Corners Property Trust, Inc. | &nbsp;&nbsp;10362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238948 |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;41741 | &nbsp;&nbsp;&nbsp;&nbsp;1865405 |
| Gladstone Land Corp. | &nbsp;&nbsp;&nbsp;3533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32327 |
| Iron Mountain, Inc. | &nbsp;&nbsp;18008 | &nbsp;&nbsp;&nbsp;&nbsp;1493764 |
| Lamar Advertising Company, Class A | &nbsp;&nbsp;12811 | &nbsp;&nbsp;&nbsp;&nbsp;1621616 |
| National Storage Affiliates Trust | &nbsp;&nbsp;10439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294484 |
| Outfront Media, Inc. | &nbsp;&nbsp;14336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345498 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;17996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715881 |
| Public Storage | &nbsp;&nbsp;&nbsp;9620 | &nbsp;&nbsp;&nbsp;&nbsp;2496390 |
| Rayonier, Inc. | &nbsp;&nbsp;21901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474157 |
| Safehold, Inc. | &nbsp;&nbsp;&nbsp;5529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75692 |
| SBA Communications Corp. | &nbsp;&nbsp;&nbsp;6491 | &nbsp;&nbsp;&nbsp;&nbsp;1255554 |
| Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;&nbsp;3030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93748 |
| VICI Properties, Inc. | &nbsp;&nbsp;65121 | &nbsp;&nbsp;&nbsp;&nbsp;1831203 |
| Weyerhaeuser Company | &nbsp;&nbsp;43917 | &nbsp;&nbsp;&nbsp;&nbsp;1040394 |
|  |  | &nbsp;&nbsp;&nbsp;32359558 |
|  |  | 154438403 |
| **Utilities – 2.7%** |  |  |
| **Electric utilities – 1.5%** | **Electric utilities – 1.5%** |  |
| Acciona SA | &nbsp;&nbsp;&nbsp;2850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620272 |
| Alliant Energy Corp. | &nbsp;&nbsp;15661 | &nbsp;&nbsp;&nbsp;&nbsp;1018122 |
| American Electric Power Company, Inc. | &nbsp;&nbsp;32610 | &nbsp;&nbsp;&nbsp;&nbsp;3760259 |
| BKW AG | &nbsp;&nbsp;&nbsp;2438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517126 |
| Chubu Electric Power Company, Inc. | &nbsp;&nbsp;78758 | &nbsp;&nbsp;&nbsp;&nbsp;1213386 |
| CK Infrastructure Holdings, Ltd. | &nbsp;&nbsp;72721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538879 |
| CLP Holdings, Ltd. | 189586 | &nbsp;&nbsp;&nbsp;&nbsp;1695827 |
| Constellation Energy Corp. | &nbsp;&nbsp;19025 | &nbsp;&nbsp;&nbsp;&nbsp;6720962 |
| Contact Energy, Ltd. | &nbsp;&nbsp;97505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518710 |
| Duke Energy Corp. | &nbsp;&nbsp;47377 | &nbsp;&nbsp;&nbsp;&nbsp;5553058 |
| Edison International | &nbsp;&nbsp;23441 | &nbsp;&nbsp;&nbsp;&nbsp;1406929 |
| EDP SA | 362275 | &nbsp;&nbsp;&nbsp;&nbsp;1668560 |
| Elia Group SA/NV | &nbsp;&nbsp;&nbsp;5037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648175 |
| Endesa SA | &nbsp;&nbsp;36669 | &nbsp;&nbsp;&nbsp;&nbsp;1319376 |
| Enel SpA | 938966 | &nbsp;&nbsp;&nbsp;&nbsp;9762742 |
| Entergy Corp. | &nbsp;&nbsp;27209 | &nbsp;&nbsp;&nbsp;&nbsp;2514928 |
| Evergy, Inc. | &nbsp;&nbsp;14026 | &nbsp;&nbsp;&nbsp;&nbsp;1016745 |
| Eversource Energy | &nbsp;&nbsp;22857 | &nbsp;&nbsp;&nbsp;&nbsp;1538962 |
| Exelon Corp. | &nbsp;&nbsp;61548 | &nbsp;&nbsp;&nbsp;&nbsp;2682877 |
| FirstEnergy Corp. | &nbsp;&nbsp;31679 | &nbsp;&nbsp;&nbsp;&nbsp;1418269 |
| Fortum OYJ | &nbsp;&nbsp;51793 | &nbsp;&nbsp;&nbsp;&nbsp;1099871 |
| Genie Energy, Ltd., B Shares | &nbsp;&nbsp;&nbsp;2225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30661 |
| Hawaiian Electric Industries, Inc. (A) | &nbsp;&nbsp;16969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208719 |
| Iberdrola SA | 732761 | &nbsp;&nbsp;&nbsp;15866760 |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;7971 | &nbsp;&nbsp;&nbsp;&nbsp;1008810 |
| MGE Energy, Inc. | &nbsp;&nbsp;&nbsp;3641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285527 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 142 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electric utilities (continued)** | **Electric utilities (continued)** |  |
| NextEra Energy, Inc. | &nbsp;&nbsp;126877 | $&nbsp;&nbsp;&nbsp;10185686 |
| NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11675 | &nbsp;&nbsp;&nbsp;&nbsp;1859127 |
| OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;29714 | &nbsp;&nbsp;&nbsp;&nbsp;1268788 |
| Oklo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;10586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759651 |
| Origin Energy, Ltd. | &nbsp;&nbsp;198886 | &nbsp;&nbsp;&nbsp;&nbsp;1518794 |
| Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303846 |
| PG&E Corp. | &nbsp;&nbsp;133902 | &nbsp;&nbsp;&nbsp;&nbsp;2151805 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646712 |
| Portland General Electric Company | &nbsp;&nbsp;&nbsp;&nbsp;27451 | &nbsp;&nbsp;&nbsp;&nbsp;1317373 |
| Power Assets Holdings, Ltd. | &nbsp;&nbsp;159920 | &nbsp;&nbsp;&nbsp;&nbsp;1133547 |
| PPL Corp. | &nbsp;&nbsp;&nbsp;&nbsp;45064 | &nbsp;&nbsp;&nbsp;&nbsp;1578141 |
| Redeia Corp. SA | &nbsp;&nbsp;&nbsp;&nbsp;46850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;835184 |
| SSE PLC | &nbsp;&nbsp;139213 | &nbsp;&nbsp;&nbsp;&nbsp;4081435 |
| Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;162433 | &nbsp;&nbsp;&nbsp;&nbsp;1728075 |
| The Kansai Electric Power Company, Inc. | &nbsp;&nbsp;109407 | &nbsp;&nbsp;&nbsp;&nbsp;1718202 |
| The Southern Company | &nbsp;&nbsp;&nbsp;&nbsp;67082 | &nbsp;&nbsp;&nbsp;&nbsp;5849550 |
| TXNM Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24152 | &nbsp;&nbsp;&nbsp;&nbsp;1422070 |
| Verbund AG | &nbsp;&nbsp;&nbsp;&nbsp;7861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570797 |
| Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36037 | &nbsp;&nbsp;&nbsp;&nbsp;2661693 |
|  |  | 106224988 |
| **Gas utilities – 0.2%** | **Gas utilities – 0.2%** |  |
| APA Group | &nbsp;&nbsp;151832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907227 |
| Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9780 | &nbsp;&nbsp;&nbsp;&nbsp;1639421 |
| Brookfield Infrastructure Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;11785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535039 |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286075 |
| Hong Kong & China Gas Company, Ltd. | 1292533 | &nbsp;&nbsp;&nbsp;&nbsp;1165187 |
| National Fuel Gas Company | &nbsp;&nbsp;&nbsp;&nbsp;13328 | &nbsp;&nbsp;&nbsp;&nbsp;1067040 |
| Naturgy Energy Group SA | &nbsp;&nbsp;&nbsp;&nbsp;22388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681677 |
| New Jersey Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24611 | &nbsp;&nbsp;&nbsp;&nbsp;1135059 |
| Northwest Natural Holding Company | &nbsp;&nbsp;&nbsp;&nbsp;3973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185698 |
| ONE Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14592 | &nbsp;&nbsp;&nbsp;&nbsp;1127232 |
| Osaka Gas Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;41341 | &nbsp;&nbsp;&nbsp;&nbsp;1436470 |
| RGC Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22152 |
| Snam SpA | &nbsp;&nbsp;232797 | &nbsp;&nbsp;&nbsp;&nbsp;1546906 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15787 | &nbsp;&nbsp;&nbsp;&nbsp;1263276 |
| Spire, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14305 | &nbsp;&nbsp;&nbsp;&nbsp;1183024 |
| Tokyo Gas Company, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;36415 | &nbsp;&nbsp;&nbsp;&nbsp;1443653 |
| UGI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31699 | &nbsp;&nbsp;&nbsp;&nbsp;1186494 |
|  |  | &nbsp;&nbsp;&nbsp;16811630 |
| **Independent power and renewable electricity producers –<br> 0.2%** | **Independent power and renewable electricity producers –<br> 0.2%** |  |
| EDP Renovaveis SA | &nbsp;&nbsp;&nbsp;&nbsp;36401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514065 |
| Hallador Energy Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;2996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57044 |
| Meridian Energy, Ltd. | &nbsp;&nbsp;152291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491867 |
| Montauk Renewables, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;7659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12791 |
| Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14876 | &nbsp;&nbsp;&nbsp;&nbsp;1643352 |
| Orsted A/S (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;61011 | &nbsp;&nbsp;&nbsp;&nbsp;1164661 |
| RWE AG | &nbsp;&nbsp;&nbsp;&nbsp;72993 | &nbsp;&nbsp;&nbsp;&nbsp;3867669 |
| Talen Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;6739 | &nbsp;&nbsp;&nbsp;&nbsp;2526047 |
| The AES Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622112 |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19404 | &nbsp;&nbsp;&nbsp;&nbsp;3130447 |
|  |  | &nbsp;&nbsp;&nbsp;14030055 |
| **Multi-utilities – 0.7%** | **Multi-utilities – 0.7%** |  |
| Ameren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16478 | &nbsp;&nbsp;&nbsp;&nbsp;1645493 |
| Avista Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303117 |
| Black Hills Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18168 | &nbsp;&nbsp;&nbsp;&nbsp;1261223 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39771 | &nbsp;&nbsp;&nbsp;&nbsp;1524820 |
| Centrica PLC | &nbsp;&nbsp;544933 | &nbsp;&nbsp;&nbsp;&nbsp;1242479 |
| CMS Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18539 | &nbsp;&nbsp;&nbsp;&nbsp;1296432 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21989 | &nbsp;&nbsp;&nbsp;&nbsp;2183947 |
| Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52019 | &nbsp;&nbsp;&nbsp;&nbsp;3047793 |
| DTE Energy Company | &nbsp;&nbsp;&nbsp;&nbsp;12653 | &nbsp;&nbsp;&nbsp;&nbsp;1631984 |
| E.ON SE | &nbsp;&nbsp;259191 | &nbsp;&nbsp;&nbsp;&nbsp;4907761 |
| Engie SA | &nbsp;&nbsp;210859 | &nbsp;&nbsp;&nbsp;&nbsp;5539126 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Multi-utilities (continued)** | **Multi-utilities (continued)** |  |
| National Grid PLC | 572783 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8785620 |
| NiSource, Inc. | &nbsp;&nbsp;29073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1214088 |
| Northwestern Energy Group, Inc. | &nbsp;&nbsp;15001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;968165 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;30410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2441923 |
| Sembcorp Industries, Ltd. | 103183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482341 |
| Sempra | &nbsp;&nbsp;39762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3510587 |
| Unitil Corp. | &nbsp;&nbsp;&nbsp;1791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86756 |
| Veolia Environnement SA | &nbsp;&nbsp;72785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2532734 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;19817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2089901 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;46696290 |
| **Water utilities – 0.1%** | **Water utilities – 0.1%** |  |
| American States Water Company | &nbsp;&nbsp;&nbsp;3758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272380 |
| American Water Works Company, Inc. | &nbsp;&nbsp;11888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551384 |
| Cadiz, Inc. (A) | &nbsp;&nbsp;&nbsp;5613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31489 |
| California Water Service Group | &nbsp;&nbsp;&nbsp;5849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253437 |
| Consolidated Water Company, Ltd. | &nbsp;&nbsp;&nbsp;1456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51382 |
| Essential Utilities, Inc. | &nbsp;&nbsp;41736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600993 |
| Global Water Resources, Inc. | &nbsp;&nbsp;&nbsp;2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17204 |
| H2O America | &nbsp;&nbsp;&nbsp;3253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159364 |
| Middlesex Water Company | &nbsp;&nbsp;&nbsp;1825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92017 |
| Pure Cycle Corp. (A) | &nbsp;&nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24321 |
| Severn Trent PLC | &nbsp;&nbsp;31279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174560 |
| The York Water Company | &nbsp;&nbsp;&nbsp;1501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47792 |
| United Utilities Group PLC | &nbsp;&nbsp;78721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1264765 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6541088 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;190304051 |
| TOTAL COMMON STOCKS (Cost $2,867,785,663) | TOTAL COMMON STOCKS (Cost $2,867,785,663) | $6663728421 |
| **PREFERRED SECURITIES – 0.1%** |  |  |
| **Consumer discretionary – 0.1%** |  |  |
| **Automobiles – 0.1%** | **Automobiles – 0.1%** |  |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;6312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672609 |
| Dr. Ing. h.c. F. Porsche AG (B) | &nbsp;&nbsp;13146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700186 |
| Porsche Automobil Holding SE | &nbsp;&nbsp;17678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824774 |
| Volkswagen AG | &nbsp;&nbsp;23806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2905252 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5102821 |
| **Consumer staples – 0.0%** |  |  |
| **Household products – 0.0%** | **Household products – 0.0%** |  |
| Henkel AG & Company KGaA | &nbsp;&nbsp;18512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510298 |
| **Health care – 0.0%** |  |  |
| **Life sciences tools and services – 0.0%** | **Life sciences tools and services – 0.0%** |  |
| Sartorius AG | &nbsp;&nbsp;&nbsp;3026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871380 |
| TOTAL PREFERRED SECURITIES (Cost $8,328,507) | TOTAL PREFERRED SECURITIES (Cost $8,328,507) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7484499 |
| **RIGHTS – 0.0%** |  |  |
| Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(E) | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5424 |
| TOTAL RIGHTS (Cost $4,797) | TOTAL RIGHTS (Cost $4,797) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5424 |
| **WARRANTS – 0.0%** |  |  |
| Bed Bath & Beyond, Inc. (Expiration Date: 10-7-26; Strike Price: $15.50) (A) | &nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 |
| Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A) | &nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 |
| TOTAL WARRANTS (Cost $0) | TOTAL WARRANTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 143 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Strategic Equity Allocation Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 3.7%** | **SHORT-TERM INVESTMENTS – 3.7%** |  |
| **Short-term funds – 3.7%** |  |  |
| John Hancock Collateral Trust, 3.7477% (F)(G) | 25425243 | $&nbsp;&nbsp;&nbsp;&nbsp;254359216 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $254,355,224) | TOTAL SHORT-TERM INVESTMENTS (Cost $254,355,224) | $&nbsp;&nbsp;&nbsp;&nbsp;254359216 |
| **Total Investments (Strategic Equity Allocation Trust)<br> (Cost $3,130,474,191) – 99.8%** | **Total Investments (Strategic Equity Allocation Trust)<br> (Cost $3,130,474,191) – 99.8%** | $**6925578090** |
| **Other assets and liabilities, net – 0.2%** | **Other assets and liabilities, net – 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;**17259540** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**6942837630** |

---

<u>Security Abbreviations and Legend</u> <br> ADR American Depositary Receipt

---

| | |
|:---|:---|
| CVR | Contingent Value Right |
| (A) | Non-income producing security. |
| (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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | 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. |
| (E) | Strike price and/or expiration date not available. |
| (F) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (G) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $28,707,406. |

---

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| MSCI EAFE Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;706 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$102157588 | &nbsp;&nbsp;&nbsp;&nbsp;$102444130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$286542 |
| Russell 2000 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10353743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9992000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(361743) |
| S&P 500 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;403 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139193652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138883875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(309777) |
| S&P Mid 400 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14525729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14298360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(227369) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$(612347)** |

---

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

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

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

#### Total Stock Market Index Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 97.4%** | **COMMON STOCKS – 97.4%** |  |
| **Communication services – 9.8%** |  |  |
| **Diversified telecommunication services – 0.6%** | **Diversified telecommunication services – 0.6%** |  |
| Anterix, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7902 |
| AST SpaceMobile, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317756 |
| AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2792562 |
| Bandwidth, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8266 |
| Cogent Communications Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17442 |
| Frontier Communications Parent, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147826 |
| GCI Liberty, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| GCI Liberty, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11872 |
| GCI Liberty, Inc., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13024 |
| Globalstar, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122202 |
| IDT Corp., Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19613 |
| Iridium Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29059 |
| Liberty Global, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18136 |
| Liberty Global, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41532 |
| Liberty Latin America, Ltd., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4205 |
| Liberty Latin America, Ltd., Class C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20694 |
| Lumen Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125796 |
| Shenandoah Telecommunications Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12046 |
| Uniti Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26939 |
| Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2698566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6435438 |
| **Entertainment – 1.5%** | **Entertainment – 1.5%** |  |
| AMC Entertainment Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13131 |
| Atlanta Braves Holdings, Inc., Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24772 |
| Atlanta Braves Holdings, Inc., Series C (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20120 |
| Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42111 |

---

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Entertainment (continued)** | **Entertainment (continued)** |  |
| CuriosityStream, Inc. | &nbsp;&nbsp;1077 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4093 |
| Electronic Arts, Inc. | &nbsp;&nbsp;3935 | &nbsp;&nbsp;&nbsp;&nbsp;804039 |
| Eventbrite, Inc., Class A (A) | &nbsp;&nbsp;1617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7196 |
| IMAX Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;31342 |
| Liberty Live Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;34719 |
| Liberty Live Holdings, Inc., Class C (A) | &nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;&nbsp;83908 |
| Liberty Media Corp.-Liberty Formula One, Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;45584 |
| Liberty Media Corp.-Liberty Formula One, Series C (A) | &nbsp;&nbsp;3408 | &nbsp;&nbsp;&nbsp;&nbsp;335722 |
| Lionsgate Studios Corp. (A) | &nbsp;&nbsp;4741 | &nbsp;&nbsp;&nbsp;&nbsp;43285 |
| Live Nation Entertainment, Inc. (A) | &nbsp;&nbsp;3642 | &nbsp;&nbsp;&nbsp;&nbsp;518985 |
| Madison Square Garden Entertainment Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp;35298 |
| Madison Square Garden Sports Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;309 | &nbsp;&nbsp;&nbsp;&nbsp;79923 |
| Netflix, Inc. (A) | 66844 | 6267293 |
| Playtika Holding Corp. | &nbsp;&nbsp;6306 | &nbsp;&nbsp;&nbsp;&nbsp;24909 |
| Reservoir Media, Inc. (A) | &nbsp;&nbsp;1061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8032 |
| Roblox Corp., Class A (A) | 10157 | &nbsp;&nbsp;&nbsp;&nbsp;823022 |
| Roku, Inc. (A) | &nbsp;&nbsp;2054 | &nbsp;&nbsp;&nbsp;&nbsp;222838 |
| Sphere Entertainment Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;461 | &nbsp;&nbsp;&nbsp;&nbsp;43832 |
| Spotify Technology SA (A) | &nbsp;&nbsp;3237 | 1879758 |
| StubHub Holdings, Inc., Class A (A)(C) | &nbsp;&nbsp;5093 | &nbsp;&nbsp;&nbsp;&nbsp;68908 |
| Take-Two Interactive Software, Inc. (A) | &nbsp;&nbsp;2906 | &nbsp;&nbsp;&nbsp;&nbsp;744023 |
| The Marcus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7383 |
| The Walt Disney Company | 28279 | 3217302 |
| TKO Group Holdings, Inc. | &nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp;269610 |
| Warner Brothers Discovery, Inc. (A) | 39001 | 1124009 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 144 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Entertainment (continued)** | **Entertainment (continued)** |  |
| Warner Music Group Corp., Class A | &nbsp;&nbsp;2342 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71829 |
|  |  | 16896976 |
| **Interactive media and services – 7.0%** | **Interactive media and services – 7.0%** |  |
| Alphabet, Inc., Class A | 91509 | 28642317 |
| Alphabet, Inc., Class C | 85441 | 26811386 |
| Angi, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10616 |
| Bumble, Inc., Class A (A) | &nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6612 |
| CarGurus, Inc. (A) | &nbsp;&nbsp;1352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51849 |
| Cars.com, Inc. (A) | &nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12505 |
| EverQuote, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14661 |
| FuboTV, Inc., Class A (A) | &nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14006 |
| Getty Images Holdings, Inc. (A)(C) | &nbsp;&nbsp;7751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10386 |
| Grindr, Inc. (A) | &nbsp;&nbsp;2963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40119 |
| IAC, Inc. (A) | &nbsp;&nbsp;1190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46529 |
| Match Group, Inc. | &nbsp;&nbsp;3787 | &nbsp;&nbsp;&nbsp;&nbsp;122282 |
| MediaAlpha, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12587 |
| Meta Platforms, Inc., Class A | 34123 | 22524251 |
| Nextdoor Holdings, Inc. (A) | &nbsp;&nbsp;4834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10151 |
| Pinterest, Inc., Class A (A) | &nbsp;&nbsp;9425 | &nbsp;&nbsp;&nbsp;&nbsp;244013 |
| QuinStreet, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14212 |
| Reddit, Inc., Class A (A) | &nbsp;&nbsp;2169 | &nbsp;&nbsp;&nbsp;&nbsp;498588 |
| Rumble, Inc. (A)(C) | &nbsp;&nbsp;3512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22196 |
| Shutterstock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12759 |
| Snap, Inc., Class A (A) | 22607 | &nbsp;&nbsp;&nbsp;&nbsp;182438 |
| TripAdvisor, Inc. (A) | &nbsp;&nbsp;1834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26703 |
| Trump Media & Technology Group Corp. (A) | &nbsp;&nbsp;4429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58640 |
| Webtoon Entertainment, Inc. (A)(C) | &nbsp;&nbsp;2164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28197 |
| Yelp, Inc. (A) | &nbsp;&nbsp;1008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30633 |
| Zedge, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650 |
| Ziff Davis, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23832 |
| ZipRecruiter, Inc., Class A (A) | &nbsp;&nbsp;1513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5901 |
| ZoomInfo Technologies, Inc. (A) | &nbsp;&nbsp;5043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51287 |
|  |  | 79531306 |
| **Media – 0.4%** | **Media – 0.4%** |  |
| AMC Networks, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5798 |
| Boston Omaha Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9228 |
| Cable One, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10946 |
| Cardlytics, Inc. (A) | &nbsp;&nbsp;1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1389 |
| Charter Communications, Inc., Class A (A) | &nbsp;&nbsp;2035 | &nbsp;&nbsp;&nbsp;&nbsp;424806 |
| Clear Channel Outdoor Holdings, Inc. (A) | &nbsp;&nbsp;8721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19273 |
| Comcast Corp., Class A | 57863 | &nbsp;&nbsp;&nbsp;1729525 |
| DoubleVerify Holdings, Inc. (A) | &nbsp;&nbsp;2679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30648 |
| EchoStar Corp., Class A (A) | &nbsp;&nbsp;2468 | &nbsp;&nbsp;&nbsp;&nbsp;268272 |
| Fox Corp., Class A | &nbsp;&nbsp;2958 | &nbsp;&nbsp;&nbsp;&nbsp;216141 |
| Fox Corp., Class B | &nbsp;&nbsp;4086 | &nbsp;&nbsp;&nbsp;&nbsp;265304 |
| Gambling.com Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3942 |
| Gray Media, Inc. | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7584 |
| Ibotta, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9842 |
| iHeartMedia, Inc., Class A (A) | &nbsp;&nbsp;2203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9164 |
| John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22268 |
| Liberty Broadband Corp., Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21919 |
| Liberty Broadband Corp., Series C (A) | &nbsp;&nbsp;1818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88355 |
| Magnite, Inc. (A) | &nbsp;&nbsp;2254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36582 |
| MNTN, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9098 |
| National CineMedia, Inc. | &nbsp;&nbsp;1936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7531 |
| News Corp., Class A | &nbsp;&nbsp;5268 | &nbsp;&nbsp;&nbsp;&nbsp;137600 |
| News Corp., Class B | &nbsp;&nbsp;3480 | &nbsp;&nbsp;&nbsp;&nbsp;103112 |
| Newsmax, Inc. (A) | &nbsp;&nbsp;1462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11301 |
| Nexstar Media Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96043 |
| NIQ Global Intelligence PLC (A) | &nbsp;&nbsp;4737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78113 |
| Omnicom Group, Inc. | &nbsp;&nbsp;5006 | &nbsp;&nbsp;&nbsp;&nbsp;404235 |
| Optimum Communications, Inc., Class A (A) | &nbsp;&nbsp;5276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8705 |
| Paramount Skydance Corp., Class B (C) | 16984 | &nbsp;&nbsp;&nbsp;&nbsp;227586 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Media (continued)** | **Media (continued)** |  |
| PubMatic, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;763 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6768 |
| Scholastic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13363 |
| Sinclair, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12913 |
| Sirius XM Holdings, Inc. | &nbsp;&nbsp;5286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105694 |
| Stagwell, Inc. (A) | &nbsp;&nbsp;4427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21648 |
| TechTarget, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4153 |
| TEGNA, Inc. | &nbsp;&nbsp;2513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48777 |
| The EW Scripps Company, Class A (A) | &nbsp;&nbsp;1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5227 |
| The New York Times Company, Class A | &nbsp;&nbsp;2533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175841 |
| The Trade Desk, Inc., Class A (A) | &nbsp;&nbsp;7011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266138 |
| Thryv Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5403 |
| USA TODAY Company, Inc. (A) | &nbsp;&nbsp;2450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12618 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4942853 |
| **Wireless telecommunication services – 0.3%** | **Wireless telecommunication services – 0.3%** |  |
| Array Digital Infrastructure, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46703 |
| Gogo, Inc. (A) | &nbsp;&nbsp;2267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10564 |
| Millicom International Cellular SA | &nbsp;&nbsp;2670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148025 |
| Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5764 |
| Telephone & Data Systems, Inc. | &nbsp;&nbsp;1699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69659 |
| T-Mobile US, Inc. | 17708 | &nbsp;&nbsp;&nbsp;&nbsp;3595432 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3876147 |
|  |  | 111682720 |
| **Consumer discretionary – 10.5%** |  |  |
| **Automobile components – 0.1%** | **Automobile components – 0.1%** |  |
| Adient PLC (A) | &nbsp;&nbsp;1343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25745 |
| American Axle & Manufacturing Holdings, Inc. (A) | &nbsp;&nbsp;1941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12442 |
| Aptiv PLC (A) | &nbsp;&nbsp;3424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260532 |
| Autoliv, Inc. | &nbsp;&nbsp;1209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143508 |
| BorgWarner, Inc. | &nbsp;&nbsp;3401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153249 |
| Cooper-Standard Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9685 |
| Dana, Inc. | &nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44265 |
| Dorman Products, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60117 |
| Fox Factory Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12217 |
| Gentex Corp. | &nbsp;&nbsp;3492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81259 |
| Gentherm, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19713 |
| Holley, Inc. (A) | &nbsp;&nbsp;2234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9226 |
| LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46837 |
| Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95462 |
| Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57793 |
| PHINIA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38868 |
| QuantumScape Corp. (A) | &nbsp;&nbsp;8895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92686 |
| Solid Power, Inc. (A) | &nbsp;&nbsp;2942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12504 |
| Standard Motor Products, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14961 |
| Strattec Security Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5711 |
| The Goodyear Tire & Rubber Company (A) | &nbsp;&nbsp;4535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39727 |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40608 |
| XPEL, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22659 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1299774 |
| **Automobiles – 2.3%** | **Automobiles – 2.3%** |  |
| Empery Digital, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2972 |
| Faraday Future Intelligent Electric, Inc. (A)(C) | &nbsp;&nbsp;2827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2884 |
| Ford Motor Company | 61364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805096 |
| General Motors Company | 14974 | &nbsp;&nbsp;&nbsp;&nbsp;1217686 |
| Harley-Davidson, Inc. | &nbsp;&nbsp;1928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39505 |
| Lucid Group, Inc. (A)(C) | &nbsp;&nbsp;4834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51095 |
| Rivian Automotive, Inc., Class A (A) | 19073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375929 |
| Tesla, Inc. (A) | 52322 | &nbsp;&nbsp;&nbsp;23530250 |
| Thor Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86345 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 145 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Automobiles (continued)** | **Automobiles (continued)** |  |
| Winnebago Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;477 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19328 |
|  |  | 26131090 |
| **Broadline retail – 3.6%** | **Broadline retail – 3.6%** |  |
| Amazon.com, Inc. (A) | 167795 | 38730442 |
| Coupang, Inc. (A) | &nbsp;&nbsp;26245 | &nbsp;&nbsp;&nbsp;&nbsp;619120 |
| Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;&nbsp;&nbsp;111567 |
| eBay, Inc. | &nbsp;&nbsp;&nbsp;7198 | &nbsp;&nbsp;&nbsp;&nbsp;626946 |
| Etsy, Inc. (A) | &nbsp;&nbsp;&nbsp;1562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86597 |
| Groupon, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11658 |
| Kohl's Corp. | &nbsp;&nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36228 |
| Macy's, Inc. | &nbsp;&nbsp;&nbsp;4263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93999 |
| Ollie's Bargain Outlet Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;968 | &nbsp;&nbsp;&nbsp;&nbsp;106102 |
| Pattern Group, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;2542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29335 |
| Savers Value Village, Inc. (A) | &nbsp;&nbsp;&nbsp;2578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24079 |
|  |  | 40476073 |
| **Distributors – 0.0%** | **Distributors – 0.0%** |  |
| Epsium Enterprise, Ltd.,Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 |
| Genuine Parts Company | &nbsp;&nbsp;&nbsp;2190 | &nbsp;&nbsp;&nbsp;&nbsp;269282 |
| Gold.com, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14335 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp;4096 | &nbsp;&nbsp;&nbsp;&nbsp;123699 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;589 | &nbsp;&nbsp;&nbsp;&nbsp;134734 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;542530 |
| **Diversified consumer services – 0.1%** | **Diversified consumer services – 0.1%** |  |
| ADT, Inc. | &nbsp;&nbsp;12050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97244 |
| Adtalem Global Education, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59081 |
| American Public Education, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11718 |
| Bright Horizons Family Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91159 |
| Carriage Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12267 |
| Coursera, Inc. (A) | &nbsp;&nbsp;&nbsp;2671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19659 |
| Driven Brands Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40310 |
| Duolingo, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;624 | &nbsp;&nbsp;&nbsp;&nbsp;109512 |
| frontdoor, Inc. (A) | &nbsp;&nbsp;&nbsp;1152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66459 |
| Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58226 |
| Grand Canyon Education, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73509 |
| H&R Block, Inc. | &nbsp;&nbsp;&nbsp;2102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91605 |
| ITT Educational Services, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Laureate Education, Inc. (A) | &nbsp;&nbsp;&nbsp;2364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79596 |
| Lincoln Educational Services Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13210 |
| Matthews International Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15489 |
| McGraw Hill, Inc. (A) | &nbsp;&nbsp;&nbsp;3069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50639 |
| Mister Car Wash, Inc. (A) | &nbsp;&nbsp;&nbsp;5532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30758 |
| OneSpaWorld Holdings, Ltd. | &nbsp;&nbsp;&nbsp;1681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34864 |
| Perdoceo Education Corp. | &nbsp;&nbsp;&nbsp;1037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30415 |
| Phoenix Education Partners, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19180 |
| Service Corp. International | &nbsp;&nbsp;&nbsp;2209 | &nbsp;&nbsp;&nbsp;&nbsp;172236 |
| Strategic Education, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30957 |
| Stride, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44737 |
| Udemy, Inc. (A) | &nbsp;&nbsp;&nbsp;2499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14619 |
| Universal Technical Institute, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22681 |
| WW International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5288 |
|  |  | &nbsp;&nbsp;&nbsp;1295418 |
| **Hotels, restaurants and leisure – 1.9%** | **Hotels, restaurants and leisure – 1.9%** |  |
| Accel Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;1745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19910 |
| Airbnb, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6744 | &nbsp;&nbsp;&nbsp;&nbsp;915296 |
| Ambassadors Group, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| Aramark | &nbsp;&nbsp;&nbsp;4122 | &nbsp;&nbsp;&nbsp;&nbsp;151937 |
| Biglari Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6960 |
| Biglari Holdings, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12300 |
| BJ's Restaurants, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13829 |
| Black Rock Coffee Bar, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6942 |
| Bloomin' Brands, Inc. | &nbsp;&nbsp;&nbsp;1470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9070 |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;509 | &nbsp;&nbsp;&nbsp;2725863 |
| Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;1224 | &nbsp;&nbsp;&nbsp;&nbsp;104334 |
| Brightstar Lottery PLC | &nbsp;&nbsp;&nbsp;3048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47183 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Brinker International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;698 | $&nbsp;&nbsp;&nbsp;&nbsp;100177 |
| Caesars Entertainment, Inc. (A) | &nbsp;&nbsp;3274 | &nbsp;&nbsp;&nbsp;&nbsp;76579 |
| Carnival Corp. (A) | 18337 | &nbsp;&nbsp;&nbsp;&nbsp;560012 |
| Cava Group, Inc. (A) | &nbsp;&nbsp;1814 | &nbsp;&nbsp;&nbsp;&nbsp;106464 |
| Chipotle Mexican Grill, Inc. (A) | 21073 | &nbsp;&nbsp;&nbsp;&nbsp;779701 |
| Choice Hotels International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;69064 |
| Churchill Downs, Inc. | &nbsp;&nbsp;1099 | &nbsp;&nbsp;&nbsp;&nbsp;125044 |
| Cracker Barrel Old Country Store, Inc. (C) | &nbsp;&nbsp;&nbsp;&nbsp;371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9423 |
| Darden Restaurants, Inc. | &nbsp;&nbsp;1835 | &nbsp;&nbsp;&nbsp;&nbsp;337677 |
| Dave & Buster's Entertainment, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9207 |
| Denny's Corp. (A) | &nbsp;&nbsp;1016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6320 |
| Dine Brands Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8453 |
| Domino's Pizza, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;220915 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;6331 | 1433845 |
| DraftKings, Inc., Class A (A) | &nbsp;&nbsp;7803 | &nbsp;&nbsp;&nbsp;&nbsp;268891 |
| Dutch Bros, Inc., Class A (A) | &nbsp;&nbsp;1995 | &nbsp;&nbsp;&nbsp;&nbsp;122134 |
| El Pollo Loco Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6506 |
| Expedia Group, Inc. | &nbsp;&nbsp;1857 | &nbsp;&nbsp;&nbsp;&nbsp;526107 |
| First Watch Restaurant Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;15065 |
| Flutter Entertainment PLC (A) | &nbsp;&nbsp;2767 | &nbsp;&nbsp;&nbsp;&nbsp;595016 |
| Global Business Travel Group I (A) | &nbsp;&nbsp;8698 | &nbsp;&nbsp;&nbsp;&nbsp;66540 |
| Golden Entertainment, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;12997 |
| Hilton Grand Vacations, Inc. (A) | &nbsp;&nbsp;1423 | &nbsp;&nbsp;&nbsp;&nbsp;63679 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;3685 | 1058516 |
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;657 | &nbsp;&nbsp;&nbsp;&nbsp;105330 |
| Jack in the Box, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6367 |
| Krispy Kreme, Inc. | &nbsp;&nbsp;2848 | &nbsp;&nbsp;&nbsp;&nbsp;11449 |
| Kura Sushi USA, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9419 |
| Las Vegas Sands Corp. | 10803 | &nbsp;&nbsp;&nbsp;&nbsp;703167 |
| Life Time Group Holdings, Inc. (A) | &nbsp;&nbsp;3471 | &nbsp;&nbsp;&nbsp;&nbsp;92259 |
| Light & Wonder, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412 |
| Lindblad Expeditions Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;966 | &nbsp;&nbsp;&nbsp;&nbsp;13930 |
| Lucky Strike Entertainment Corp. (C) | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;12832 |
| Marriott International, Inc., Class A | &nbsp;&nbsp;4267 | 1323794 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;549 | &nbsp;&nbsp;&nbsp;&nbsp;31672 |
| McDonald's Corp. | 11228 | 3431614 |
| MGM Resorts International (A) | &nbsp;&nbsp;4251 | &nbsp;&nbsp;&nbsp;&nbsp;155119 |
| Monarch Casino & Resort, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;&nbsp;28901 |
| Nathan's Famous, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8702 |
| Navan, Inc., Class A (A) | &nbsp;&nbsp;3742 | &nbsp;&nbsp;&nbsp;&nbsp;63913 |
| Norwegian Cruise Line Holdings, Ltd. (A) | &nbsp;&nbsp;7074 | &nbsp;&nbsp;&nbsp;&nbsp;157892 |
| Papa John's International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;524 | &nbsp;&nbsp;&nbsp;&nbsp;20169 |
| Penn Entertainment, Inc. (A) | &nbsp;&nbsp;2328 | &nbsp;&nbsp;&nbsp;&nbsp;34338 |
| Planet Fitness, Inc., Class A (A) | &nbsp;&nbsp;1316 | &nbsp;&nbsp;&nbsp;&nbsp;142747 |
| Portillo's, Inc., Class A (A) | &nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5648 |
| Pursuit Attractions and Hospitality, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;16874 |
| RCI Hospitality Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4601 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;949 | &nbsp;&nbsp;&nbsp;&nbsp;58791 |
| Restaurant Brands International LP | &nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5564 |
| Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp;4274 | 1192104 |
| Rush Street Interactive, Inc. (A) | &nbsp;&nbsp;1514 | &nbsp;&nbsp;&nbsp;&nbsp;29417 |
| Sabre Corp. (A) | &nbsp;&nbsp;6776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9215 |
| Serve Robotics, Inc. (A)(C) | &nbsp;&nbsp;1195 | &nbsp;&nbsp;&nbsp;&nbsp;12404 |
| Shake Shack, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;627 | &nbsp;&nbsp;&nbsp;&nbsp;50894 |
| Sharplink Gaming, Inc. (A) | &nbsp;&nbsp;3102 | &nbsp;&nbsp;&nbsp;&nbsp;27732 |
| Six Flags Entertainment Corp. (A) | &nbsp;&nbsp;1646 | &nbsp;&nbsp;&nbsp;&nbsp;25250 |
| Soho House & Company, Inc. (A) | &nbsp;&nbsp;1016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9103 |
| Starbucks Corp. | 17881 | 1505759 |
| Sweetgreen, Inc., Class A (A) | &nbsp;&nbsp;1742 | &nbsp;&nbsp;&nbsp;&nbsp;11776 |
| Target Hospitality Corp. (A) | &nbsp;&nbsp;1719 | &nbsp;&nbsp;&nbsp;&nbsp;13769 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;1031 | &nbsp;&nbsp;&nbsp;&nbsp;171146 |
| The Cheesecake Factory, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;757 | &nbsp;&nbsp;&nbsp;&nbsp;38213 |
| The Wendy's Company | &nbsp;&nbsp;2992 | &nbsp;&nbsp;&nbsp;&nbsp;24923 |
| Travel + Leisure Company | &nbsp;&nbsp;1014 | &nbsp;&nbsp;&nbsp;&nbsp;71517 |
| United Parks & Resorts, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;864 | &nbsp;&nbsp;&nbsp;&nbsp;31363 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 146 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Hotels, restaurants and leisure (continued)** | **Hotels, restaurants and leisure (continued)** |  |
| Vail Resorts, Inc. | &nbsp;&nbsp;584 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77555 |
| Viking Holdings, Ltd. (A) | 4972 | &nbsp;&nbsp;&nbsp;&nbsp;355051 |
| Wingstop, Inc. | &nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;&nbsp;104697 |
| Wyndham Hotels & Resorts, Inc. | 1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89161 |
| Wynn Resorts, Ltd. | 1634 | &nbsp;&nbsp;&nbsp;&nbsp;196619 |
| Xponential Fitness, Inc., Class A (A) | &nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5201 |
| Yum! Brands, Inc. | 4364 | &nbsp;&nbsp;&nbsp;&nbsp;660186 |
|  |  | 21750544 |
| **Household durables – 0.4%** | **Household durables – 0.4%** |  |
| Beazer Homes USA, Inc. (A) | &nbsp;&nbsp;543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11007 |
| Cavco Industries, Inc. (A) | &nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73843 |
| Century Communities, Inc. | &nbsp;&nbsp;512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30387 |
| Champion Homes, Inc. (A) | &nbsp;&nbsp;894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75543 |
| Cricut, Inc., Class A | 1127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5579 |
| D.R. Horton, Inc. | 4683 | &nbsp;&nbsp;&nbsp;&nbsp;674492 |
| Dream Finders Homes, Inc., Class A (A) | &nbsp;&nbsp;656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11218 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp;497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11351 |
| Garmin, Ltd. | 3039 | &nbsp;&nbsp;&nbsp;&nbsp;616461 |
| GoPro, Inc., Class A (A) | 2548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3593 |
| Green Brick Partners, Inc. (A) | &nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45742 |
| Hamilton Beach Brands Holding Company, Class B | &nbsp;&nbsp;241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3964 |
| Helen of Troy, Ltd. (A) | &nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8840 |
| Hovnanian Enterprises, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8779 |
| Installed Building Products, Inc. | &nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;111278 |
| KB Home | 1039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58610 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25493 |
| Legacy Housing Corp. (A) | &nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9604 |
| Leggett & Platt, Inc. | 2225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24475 |
| Lennar Corp., B Shares | &nbsp;&nbsp;644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61257 |
| Lennar Corp., Class A | 3324 | &nbsp;&nbsp;&nbsp;&nbsp;341707 |
| LGI Homes, Inc. (A) | &nbsp;&nbsp;407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17485 |
| M/I Homes, Inc. (A) | &nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53739 |
| Meritage Homes Corp. | 1124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73959 |
| Mohawk Industries, Inc. (A) | &nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;106130 |
| Newell Brands, Inc. | 6813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25344 |
| NVR, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;328175 |
| PulteGroup, Inc. | 3075 | &nbsp;&nbsp;&nbsp;&nbsp;360575 |
| SharkNinja, Inc. (A) | 2222 | &nbsp;&nbsp;&nbsp;&nbsp;248642 |
| Somnigroup International, Inc. | 3306 | &nbsp;&nbsp;&nbsp;&nbsp;295160 |
| Sonos, Inc. (A) | 1954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34312 |
| Taylor Morrison Home Corp. (A) | 1536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90424 |
| The Lovesac Company (A) | &nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4248 |
| Toll Brothers, Inc. | 1488 | &nbsp;&nbsp;&nbsp;&nbsp;201207 |
| TopBuild Corp. (A) | &nbsp;&nbsp;441 | &nbsp;&nbsp;&nbsp;&nbsp;183981 |
| Tri Pointe Homes, Inc. (A) | 1409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44341 |
| Whirlpool Corp. (C) | &nbsp;&nbsp;886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63916 |
|  |  | &nbsp;&nbsp;&nbsp;4344861 |
| **Leisure products – 0.1%** | **Leisure products – 0.1%** |  |
| Acushnet Holdings Corp. | &nbsp;&nbsp;935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74632 |
| Brunswick Corp. | 1029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76393 |
| Funko, Inc., Class A (A) | 1123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3818 |
| Hasbro, Inc. | 2202 | &nbsp;&nbsp;&nbsp;&nbsp;180564 |
| Latham Group, Inc. (A) | 2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12764 |
| Malibu Boats, Inc., Class A (A) | &nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10635 |
| MasterCraft Boat Holdings, Inc. (A) | &nbsp;&nbsp;443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8377 |
| Mattel, Inc. (A) | 5066 | &nbsp;&nbsp;&nbsp;&nbsp;100509 |
| Peloton Interactive, Inc., Class A (A) | 6246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38475 |
| Polaris, Inc. | &nbsp;&nbsp;891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56356 |
| Smith & Wesson Brands, Inc. | &nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8014 |
| Sturm Ruger & Company, Inc. | &nbsp;&nbsp;284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9273 |
| Topgolf Callaway Brands Corp. (A) | 2971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34672 |
| Tron, Inc. (A)(C) | 4215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5227 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Leisure products (continued)** | **Leisure products (continued)** |  |
| YETI Holdings, Inc. (A) | &nbsp;&nbsp;1279 | $&nbsp;&nbsp;&nbsp;&nbsp;56493 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;676202 |
| **Specialty retail – 1.7%** | **Specialty retail – 1.7%** |  |
| 1-800-Flowers.com, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3737 |
| Abercrombie & Fitch Company, Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;748 | &nbsp;&nbsp;&nbsp;&nbsp;94151 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;1043 | &nbsp;&nbsp;&nbsp;&nbsp;52108 |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;954 | &nbsp;&nbsp;&nbsp;&nbsp;37492 |
| American Eagle Outfitters, Inc. | &nbsp;&nbsp;2727 | &nbsp;&nbsp;&nbsp;&nbsp;71911 |
| America's Car-Mart, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4522 |
| Arhaus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9865 |
| Arko Corp. | &nbsp;&nbsp;2142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9725 |
| Asbury Automotive Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;71619 |
| AutoNation, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;584 | &nbsp;&nbsp;&nbsp;&nbsp;120584 |
| AutoZone, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;891965 |
| Barnes & Noble Education, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5450 |
| Bath & Body Works, Inc. | &nbsp;&nbsp;3260 | &nbsp;&nbsp;&nbsp;&nbsp;65461 |
| Bed Bath & Beyond, Inc. (A) | &nbsp;&nbsp;1173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6405 |
| Best Buy Company, Inc. | &nbsp;&nbsp;3317 | &nbsp;&nbsp;&nbsp;&nbsp;222007 |
| Boot Barn Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;84706 |
| Build-A-Bear Workshop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;13296 |
| Burlington Stores, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;991 | &nbsp;&nbsp;&nbsp;&nbsp;286250 |
| Caleres, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6973 |
| Camping World Holdings, Inc., Class A | &nbsp;&nbsp;1098 | &nbsp;&nbsp;&nbsp;&nbsp;10684 |
| CarMax, Inc. (A) | &nbsp;&nbsp;2364 | &nbsp;&nbsp;&nbsp;&nbsp;91345 |
| Carvana Company (A) | &nbsp;&nbsp;2172 | &nbsp;&nbsp;&nbsp;&nbsp;916627 |
| Chewy, Inc., Class A (A) | &nbsp;&nbsp;3465 | &nbsp;&nbsp;&nbsp;&nbsp;114518 |
| Citi Trends, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6774 |
| Designer Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5283 |
| Dick's Sporting Goods, Inc. | &nbsp;&nbsp;1040 | &nbsp;&nbsp;&nbsp;&nbsp;205889 |
| EVgo, Inc. (A) | &nbsp;&nbsp;2257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6568 |
| Five Below, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;868 | &nbsp;&nbsp;&nbsp;&nbsp;163496 |
| Floor & Decor Holdings, Inc., Class A (A) | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;102782 |
| GameStop Corp., Class A (A) | &nbsp;&nbsp;7047 | &nbsp;&nbsp;&nbsp;&nbsp;141504 |
| Genesco, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5276 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;201 | &nbsp;&nbsp;&nbsp;&nbsp;79053 |
| Guess?, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;879 | &nbsp;&nbsp;&nbsp;&nbsp;14723 |
| Haverty Furniture Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7756 |
| Lands' End, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8436 |
| Lithia Motors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;401 | &nbsp;&nbsp;&nbsp;&nbsp;133264 |
| Lowe's Companies, Inc. | &nbsp;&nbsp;8828 | 2128960 |
| MarineMax, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;10104 |
| Monro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;517 | &nbsp;&nbsp;&nbsp;&nbsp;10361 |
| Murphy USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;303 | &nbsp;&nbsp;&nbsp;&nbsp;122267 |
| National Vision Holdings, Inc. (A) | &nbsp;&nbsp;1266 | &nbsp;&nbsp;&nbsp;&nbsp;32688 |
| Newegg Commerce, Inc. (A)(C) | &nbsp;&nbsp;6108 | &nbsp;&nbsp;&nbsp;&nbsp;310042 |
| O'Reilly Automotive, Inc. (A) | 13293 | 1212455 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp;1059 | &nbsp;&nbsp;&nbsp;&nbsp;167629 |
| Petco Health & Wellness Company, Inc. (A) | &nbsp;&nbsp;4020 | &nbsp;&nbsp;&nbsp;&nbsp;11296 |
| PetMed Express, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1898 |
| Revolve Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;647 | &nbsp;&nbsp;&nbsp;&nbsp;19533 |
| RH (A) | &nbsp;&nbsp;&nbsp;&nbsp;293 | &nbsp;&nbsp;&nbsp;&nbsp;52491 |
| Ross Stores, Inc. | &nbsp;&nbsp;5138 | &nbsp;&nbsp;&nbsp;&nbsp;925559 |
| Sally Beauty Holdings, Inc. (A) | &nbsp;&nbsp;1587 | &nbsp;&nbsp;&nbsp;&nbsp;22631 |
| Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8356 |
| Signet Jewelers, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;648 | &nbsp;&nbsp;&nbsp;&nbsp;53706 |
| Sleep Number Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3596 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;&nbsp;22393 |
| Stitch Fix, Inc., Class A (A) | &nbsp;&nbsp;1934 | &nbsp;&nbsp;&nbsp;&nbsp;10154 |
| The Buckle, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;43698 |
| The Children's Place, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1703 |
| The Gap, Inc. | &nbsp;&nbsp;5821 | &nbsp;&nbsp;&nbsp;&nbsp;149018 |
| The Home Depot, Inc. | 15671 | 5392391 |
| The RealReal, Inc. (A) | &nbsp;&nbsp;1858 | &nbsp;&nbsp;&nbsp;&nbsp;29319 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 147 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialty retail (continued)** | **Specialty retail (continued)** |  |
| The TJX Companies, Inc. | 17513 | $&nbsp;&nbsp;&nbsp;&nbsp;2690172 |
| ThredUp, Inc., Class A (A) | &nbsp;&nbsp;1689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10793 |
| Tractor Supply Company | &nbsp;&nbsp;8345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417333 |
| Ulta Beauty, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427137 |
| Upbound Group, Inc. | &nbsp;&nbsp;1006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17665 |
| Urban Outfitters, Inc. (A) | &nbsp;&nbsp;1410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106117 |
| Valvoline, Inc. (A) | &nbsp;&nbsp;2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58585 |
| Victoria's Secret & Company (A) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68200 |
| Warby Parker, Inc., Class A (A) | &nbsp;&nbsp;1676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36520 |
| Wayfair, Inc., Class A (A) | &nbsp;&nbsp;1653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165978 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp;1914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341821 |
| Winmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23487 |
| Zumiez, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8675 |
|  |  | &nbsp;&nbsp;&nbsp;19186936 |
| **Textiles, apparel and luxury goods – 0.3%** | **Textiles, apparel and luxury goods – 0.3%** |  |
| Amer Sports, Inc. (A) | &nbsp;&nbsp;8724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325841 |
| Birkenstock Holding PLC (A) | &nbsp;&nbsp;2905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118815 |
| Capri Holdings, Ltd. (A) | &nbsp;&nbsp;1885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45994 |
| Carter's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19036 |
| Columbia Sportswear Company | &nbsp;&nbsp;&nbsp;&nbsp;887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48865 |
| Crocs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73462 |
| Deckers Outdoor Corp. (A) | &nbsp;&nbsp;2329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241447 |
| Figs, Inc., Class A (A) | &nbsp;&nbsp;2505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28457 |
| G-III Apparel Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20475 |
| Gildan Activewear, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1499 |
| Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53881 |
| Lakeland Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3262 |
| Levi Strauss & Company, Class A | &nbsp;&nbsp;1707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35403 |
| Lululemon Athletica, Inc. (A) | &nbsp;&nbsp;1783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370525 |
| Movado Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7114 |
| NIKE, Inc., Class B | 18696 | &nbsp;&nbsp;&nbsp;&nbsp;1191122 |
| On Holding AG, Class A (A) | &nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211484 |
| Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8653 |
| PVH Corp. | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50265 |
| Ralph Lauren Corp. | &nbsp;&nbsp;&nbsp;&nbsp;604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213580 |
| Steven Madden, Ltd. | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47886 |
| Tapestry, Inc. | &nbsp;&nbsp;3270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417808 |
| Under Armour, Inc., Class A (A) | &nbsp;&nbsp;1621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8056 |
| Under Armour, Inc., Class C (A) | &nbsp;&nbsp;4949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23755 |
| Vera Bradley, Inc. (A) | &nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2481 |
| VF Corp. | &nbsp;&nbsp;6167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111499 |
| Wolverine World Wide, Inc. | &nbsp;&nbsp;1312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23813 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3704478 |
|  |  | 119407906 |
| **Consumer staples – 4.9%** |  |  |
| **Beverages – 1.0%** | **Beverages – 1.0%** |  |
| Brown-Forman Corp., Class A | &nbsp;&nbsp;3294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86665 |
| Brown-Forman Corp., Class B | &nbsp;&nbsp;4259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110990 |
| Celsius Holdings, Inc. (A) | &nbsp;&nbsp;4055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185476 |
| Coca-Cola Consolidated, Inc. | &nbsp;&nbsp;1187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181967 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;2761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380908 |
| Keurig Dr. Pepper, Inc. | 21321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597201 |
| MGP Ingredients, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8724 |
| Molson Coors Beverage Company, Class B | &nbsp;&nbsp;2887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134765 |
| Monster Beverage Corp. (A) | 15362 | &nbsp;&nbsp;&nbsp;&nbsp;1177805 |
| National Beverage Corp. (A) | &nbsp;&nbsp;1573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50163 |
| PepsiCo, Inc. | 21534 | &nbsp;&nbsp;&nbsp;&nbsp;3090560 |
| Primo Brands Corp. | &nbsp;&nbsp;2137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34940 |
| The Boston Beer Company, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26538 |
| The Coca-Cola Company | 67732 | &nbsp;&nbsp;&nbsp;&nbsp;4735144 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Beverages (continued)** | **Beverages (continued)** |  |
| The Vita Coco Company, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;898 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47603 |
|  |  | 10849449 |
| **Consumer staples distribution and retail – 2.1%** | **Consumer staples distribution and retail – 2.1%** |  |
| Albertsons Companies, Inc., Class A | &nbsp;&nbsp;&nbsp;8756 | &nbsp;&nbsp;&nbsp;&nbsp;150341 |
| BJ's Wholesale Club Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;2062 | &nbsp;&nbsp;&nbsp;&nbsp;185642 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;323335 |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;6975 | &nbsp;&nbsp;&nbsp;6014822 |
| Dollar General Corp. | &nbsp;&nbsp;&nbsp;3462 | &nbsp;&nbsp;&nbsp;&nbsp;459650 |
| Dollar Tree, Inc. (A) | &nbsp;&nbsp;&nbsp;3208 | &nbsp;&nbsp;&nbsp;&nbsp;394616 |
| Grocery Outlet Holding Corp. (A) | &nbsp;&nbsp;&nbsp;1579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15948 |
| Ingles Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17069 |
| Maplebear, Inc. (A) | &nbsp;&nbsp;&nbsp;4147 | &nbsp;&nbsp;&nbsp;&nbsp;186532 |
| Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10170 |
| Performance Food Group Company (A) | &nbsp;&nbsp;&nbsp;2447 | &nbsp;&nbsp;&nbsp;&nbsp;220034 |
| PriceSmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61090 |
| Sprouts Farmers Market, Inc. (A) | &nbsp;&nbsp;&nbsp;1529 | &nbsp;&nbsp;&nbsp;&nbsp;121815 |
| Sysco Corp. | &nbsp;&nbsp;&nbsp;7507 | &nbsp;&nbsp;&nbsp;&nbsp;553191 |
| Target Corp. | &nbsp;&nbsp;&nbsp;7128 | &nbsp;&nbsp;&nbsp;&nbsp;696762 |
| The Andersons, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29669 |
| The Chefs' Warehouse, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40078 |
| The Kroger Company | &nbsp;&nbsp;10388 | &nbsp;&nbsp;&nbsp;&nbsp;649042 |
| U.S. Foods Holding Corp. (A) | &nbsp;&nbsp;&nbsp;3503 | &nbsp;&nbsp;&nbsp;&nbsp;263846 |
| United Natural Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32424 |
| Village Super Market, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5769 |
| Walmart, Inc. | 125502 | 13982178 |
| Weis Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27495 |
|  |  | 24441518 |
| **Food products – 0.5%** | **Food products – 0.5%** |  |
| Adecoagro SA (C) | &nbsp;&nbsp;&nbsp;1819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14425 |
| Archer-Daniels-Midland Company | &nbsp;&nbsp;&nbsp;7571 | &nbsp;&nbsp;&nbsp;&nbsp;435257 |
| B&G Foods, Inc. (C) | &nbsp;&nbsp;&nbsp;1558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6699 |
| Beyond Meat, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;7492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6143 |
| Bunge Global SA | &nbsp;&nbsp;&nbsp;3151 | &nbsp;&nbsp;&nbsp;&nbsp;280691 |
| Calavo Growers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7895 |
| Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60394 |
| Conagra Brands, Inc. | &nbsp;&nbsp;&nbsp;7348 | &nbsp;&nbsp;&nbsp;&nbsp;127194 |
| Darling Ingredients, Inc. (A) | &nbsp;&nbsp;&nbsp;2498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89928 |
| Dole PLC | &nbsp;&nbsp;&nbsp;1608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24104 |
| Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp;3368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36644 |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27863 |
| Freshpet, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46855 |
| General Mills, Inc. | &nbsp;&nbsp;&nbsp;8357 | &nbsp;&nbsp;&nbsp;&nbsp;388601 |
| Hormel Foods Corp. | &nbsp;&nbsp;&nbsp;8747 | &nbsp;&nbsp;&nbsp;&nbsp;207304 |
| Ingredion, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;&nbsp;108386 |
| J&J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28286 |
| JBS NV, Class A (A) | &nbsp;&nbsp;17547 | &nbsp;&nbsp;&nbsp;&nbsp;253028 |
| John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12073 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp;&nbsp;2191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91781 |
| Lifeway Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6566 |
| Mama's Creations, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9659 |
| McCormick & Company, Inc. | &nbsp;&nbsp;&nbsp;3981 | &nbsp;&nbsp;&nbsp;&nbsp;271146 |
| Mission Produce, Inc. (A) | &nbsp;&nbsp;&nbsp;1330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15428 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;20357 | &nbsp;&nbsp;&nbsp;1095817 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;3759 | &nbsp;&nbsp;&nbsp;&nbsp;146563 |
| Post Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83004 |
| Seaboard Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71117 |
| Seneca Foods Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10620 |
| SunOpta, Inc. (A) | &nbsp;&nbsp;&nbsp;2067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7855 |
| The Campbell's Company | &nbsp;&nbsp;&nbsp;4649 | &nbsp;&nbsp;&nbsp;&nbsp;129568 |
| The Hershey Company | &nbsp;&nbsp;&nbsp;2329 | &nbsp;&nbsp;&nbsp;&nbsp;423831 |
| The J.M. Smucker Company | &nbsp;&nbsp;&nbsp;1676 | &nbsp;&nbsp;&nbsp;&nbsp;163930 |
| The Kraft Heinz Company | &nbsp;&nbsp;18496 | &nbsp;&nbsp;&nbsp;&nbsp;448528 |
| The Marzetti Company | &nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72674 |
| The Simply Good Foods Company (A) | &nbsp;&nbsp;&nbsp;1632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32771 |
| Tootsie Roll Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27582 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 148 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Food products (continued)** | **Food products (continued)** |  |
| TreeHouse Foods, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;827 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19509 |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp;4482 | &nbsp;&nbsp;&nbsp;&nbsp;262735 |
| Utz Brands, Inc. | &nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15134 |
| Vital Farms, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22805 |
| Westrock Coffee Company (A) | &nbsp;&nbsp;1497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6093 |
|  |  | &nbsp;&nbsp;&nbsp;5596486 |
| **Household products – 0.7%** | **Household products – 0.7%** |  |
| Central Garden & Pet Company, Class A (A) | &nbsp;&nbsp;1015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29628 |
| Church & Dwight Company, Inc. | &nbsp;&nbsp;3825 | &nbsp;&nbsp;&nbsp;&nbsp;320726 |
| Colgate-Palmolive Company | 12691 | &nbsp;&nbsp;&nbsp;1002843 |
| Energizer Holdings, Inc. | &nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21998 |
| Kimberly-Clark Corp. | &nbsp;&nbsp;5214 | &nbsp;&nbsp;&nbsp;&nbsp;526040 |
| Oil-Dri Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10033 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp;3413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78226 |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23278 |
| The Clorox Company | &nbsp;&nbsp;1908 | &nbsp;&nbsp;&nbsp;&nbsp;192384 |
| The Procter & Gamble Company | 36883 | &nbsp;&nbsp;&nbsp;5285703 |
| WD-40 Company | &nbsp;&nbsp;&nbsp;&nbsp;217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42727 |
|  |  | &nbsp;&nbsp;&nbsp;7533586 |
| **Personal care products – 0.1%** | **Personal care products – 0.1%** |  |
| BellRing Brands, Inc. (A) | &nbsp;&nbsp;1982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52979 |
| Bonk, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402 |
| Coty, Inc., Class A (A) | 14105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43443 |
| e.l.f. Beauty, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67752 |
| Edgewell Personal Care Company | &nbsp;&nbsp;&nbsp;&nbsp;786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13401 |
| Herbalife, Ltd. (A) | &nbsp;&nbsp;1648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21243 |
| Interparfums, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44281 |
| Kenvue, Inc. | 30152 | &nbsp;&nbsp;&nbsp;&nbsp;520122 |
| Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8273 |
| Olaplex Holdings, Inc. (A) | 10797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14468 |
| The Estee Lauder Companies, Inc., Class A | &nbsp;&nbsp;3688 | &nbsp;&nbsp;&nbsp;&nbsp;386207 |
| The Honest Company, Inc. (A) | &nbsp;&nbsp;1941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5008 |
| Upexi, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1631 |
| USANA Health Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7459 |
|  |  | &nbsp;&nbsp;&nbsp;1186669 |
| **Tobacco – 0.5%** | **Tobacco – 0.5%** |  |
| Altria Group, Inc. | 26427 | &nbsp;&nbsp;&nbsp;1523781 |
| Philip Morris International, Inc. | 24502 | &nbsp;&nbsp;&nbsp;3930121 |
| Turning Point Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31328 |
| Universal Corp. | &nbsp;&nbsp;&nbsp;&nbsp;399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21047 |
|  |  | &nbsp;&nbsp;&nbsp;5506277 |
|  |  | 55113985 |
| **Energy – 2.8%** |  |  |
| **Energy equipment and services – 0.3%** | **Energy equipment and services – 0.3%** |  |
| Archrock, Inc. | &nbsp;&nbsp;2771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72101 |
| Atlas Energy Solutions, Inc. | &nbsp;&nbsp;2110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19876 |
| Baker Hughes Company | 15501 | &nbsp;&nbsp;&nbsp;&nbsp;705916 |
| Borr Drilling, Ltd. (A) | &nbsp;&nbsp;4188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16878 |
| Bristow Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18383 |
| Cactus, Inc., Class A | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50248 |
| Core Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13818 |
| Expro Group Holdings NV (A) | &nbsp;&nbsp;1967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26259 |
| Flowco Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10326 |
| Forum Energy Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9977 |
| Geospace Technologies Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4008 |
| Halliburton Company | 13359 | &nbsp;&nbsp;&nbsp;&nbsp;377525 |
| Helix Energy Solutions Group, Inc. (A) | &nbsp;&nbsp;2619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16421 |
| Helmerich & Payne, Inc. | &nbsp;&nbsp;1588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45544 |
| Innovex International, Inc. (A) | &nbsp;&nbsp;1212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26506 |
| Kodiak Gas Services, Inc. | &nbsp;&nbsp;1383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51724 |
| Liberty Energy, Inc. | &nbsp;&nbsp;2564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47331 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Energy equipment and services (continued)** | **Energy equipment and services (continued)** |  |
| Nabors Industries, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;257 | $&nbsp;&nbsp;&nbsp;&nbsp;13955 |
| National Energy Services Reunited Corp. (A) | &nbsp;&nbsp;1612 | &nbsp;&nbsp;&nbsp;&nbsp;25244 |
| Noble Corp. PLC | &nbsp;&nbsp;2481 | &nbsp;&nbsp;&nbsp;&nbsp;70063 |
| NOV, Inc. | &nbsp;&nbsp;5834 | &nbsp;&nbsp;&nbsp;&nbsp;91185 |
| Oceaneering International, Inc. (A) | &nbsp;&nbsp;1625 | &nbsp;&nbsp;&nbsp;&nbsp;39049 |
| Oil States International, Inc. (A) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8523 |
| Patterson-UTI Energy, Inc. | &nbsp;&nbsp;6021 | &nbsp;&nbsp;&nbsp;&nbsp;36788 |
| ProFrac Holding Corp., Class A (A) | &nbsp;&nbsp;3051 | &nbsp;&nbsp;&nbsp;&nbsp;11868 |
| ProPetro Holding Corp. (A) | &nbsp;&nbsp;1772 | &nbsp;&nbsp;&nbsp;&nbsp;16852 |
| RPC, Inc. | &nbsp;&nbsp;4080 | &nbsp;&nbsp;&nbsp;&nbsp;22195 |
| Seadrill, Ltd. (A) | &nbsp;&nbsp;1035 | &nbsp;&nbsp;&nbsp;&nbsp;35811 |
| Select Water Solutions, Inc. | &nbsp;&nbsp;1736 | &nbsp;&nbsp;&nbsp;&nbsp;18263 |
| SLB, Ltd. | 23528 | &nbsp;&nbsp;&nbsp;&nbsp;903005 |
| Solaris Energy Infrastructure, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;35581 |
| TechnipFMC PLC | &nbsp;&nbsp;6460 | &nbsp;&nbsp;&nbsp;&nbsp;287858 |
| TETRA Technologies, Inc. (A) | &nbsp;&nbsp;2187 | &nbsp;&nbsp;&nbsp;&nbsp;20492 |
| Tidewater, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;39448 |
| Transocean, Ltd. (A) | 17300 | &nbsp;&nbsp;&nbsp;&nbsp;71449 |
| Valaris, Ltd. (A) | &nbsp;&nbsp;1093 | &nbsp;&nbsp;&nbsp;&nbsp;55087 |
| Weatherford International PLC | &nbsp;&nbsp;1114 | &nbsp;&nbsp;&nbsp;&nbsp;87182 |
|  |  | 3402739 |
| **Oil, gas and consumable fuels – 2.5%** | **Oil, gas and consumable fuels – 2.5%** |  |
| American Resources Corp. (A) | &nbsp;&nbsp;1751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4342 |
| Amplify Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4008 |
| Antero Midstream Corp. | &nbsp;&nbsp;7560 | &nbsp;&nbsp;&nbsp;&nbsp;134492 |
| Antero Resources Corp. (A) | &nbsp;&nbsp;4838 | &nbsp;&nbsp;&nbsp;&nbsp;166717 |
| APA Corp. | &nbsp;&nbsp;5611 | &nbsp;&nbsp;&nbsp;&nbsp;137245 |
| Ardmore Shipping Corp. | &nbsp;&nbsp;&nbsp;&nbsp;698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7392 |
| BKV Corp. (A) | &nbsp;&nbsp;1493 | &nbsp;&nbsp;&nbsp;&nbsp;40535 |
| California Resources Corp. | &nbsp;&nbsp;1542 | &nbsp;&nbsp;&nbsp;&nbsp;68943 |
| Centrus Energy Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;67002 |
| Cheniere Energy, Inc. | &nbsp;&nbsp;3449 | &nbsp;&nbsp;&nbsp;&nbsp;670451 |
| Chevron Corp. | 32672 | 4979540 |
| Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;884 | &nbsp;&nbsp;&nbsp;&nbsp;81947 |
| Civitas Resources, Inc. | &nbsp;&nbsp;1454 | &nbsp;&nbsp;&nbsp;&nbsp;39389 |
| Clean Energy Fuels Corp. (A) | &nbsp;&nbsp;3928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8249 |
| CNX Resources Corp. (A) | &nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;81556 |
| Comstock Resources, Inc. (A) | &nbsp;&nbsp;4644 | &nbsp;&nbsp;&nbsp;&nbsp;107648 |
| Comstock, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3410 |
| ConocoPhillips | 19651 | 1839530 |
| Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;71693 |
| Coterra Energy, Inc. | 12013 | &nbsp;&nbsp;&nbsp;&nbsp;316182 |
| Crescent Energy Company, Class A | &nbsp;&nbsp;4087 | &nbsp;&nbsp;&nbsp;&nbsp;34290 |
| CVR Energy, Inc. (A) | &nbsp;&nbsp;1607 | &nbsp;&nbsp;&nbsp;&nbsp;40882 |
| Delek US Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;967 | &nbsp;&nbsp;&nbsp;&nbsp;28681 |
| Devon Energy Corp. | &nbsp;&nbsp;9880 | &nbsp;&nbsp;&nbsp;&nbsp;361904 |
| DHT Holdings, Inc. | &nbsp;&nbsp;2577 | &nbsp;&nbsp;&nbsp;&nbsp;31465 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;4552 | &nbsp;&nbsp;&nbsp;&nbsp;684302 |
| Diversified Energy Company | &nbsp;&nbsp;1387 | &nbsp;&nbsp;&nbsp;&nbsp;20084 |
| Dorian LPG, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;684 | &nbsp;&nbsp;&nbsp;&nbsp;16649 |
| DT Midstream, Inc. | &nbsp;&nbsp;1584 | &nbsp;&nbsp;&nbsp;&nbsp;189573 |
| Encore Energy Corp. (A) | &nbsp;&nbsp;3405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8444 |
| Energy Fuels, Inc. (A) | &nbsp;&nbsp;3658 | &nbsp;&nbsp;&nbsp;&nbsp;53187 |
| EOG Resources, Inc. | &nbsp;&nbsp;8575 | &nbsp;&nbsp;&nbsp;&nbsp;900461 |
| EQT Corp. | &nbsp;&nbsp;9810 | &nbsp;&nbsp;&nbsp;&nbsp;525816 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;15035 |
| Expand Energy Corp. | &nbsp;&nbsp;3744 | &nbsp;&nbsp;&nbsp;&nbsp;413188 |
| Exxon Mobil Corp. | 67083 | 8072768 |
| FLEX LNG, Ltd. (New York Stock Exchange) (A) | &nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp;21582 |
| Gevo, Inc. (A) | &nbsp;&nbsp;4015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8030 |
| Golar LNG, Ltd. | &nbsp;&nbsp;1645 | &nbsp;&nbsp;&nbsp;&nbsp;61210 |
| Granite Ridge Resources, Inc. | &nbsp;&nbsp;2821 | &nbsp;&nbsp;&nbsp;&nbsp;13259 |
| Green Plains, Inc. (A) | &nbsp;&nbsp;1095 | &nbsp;&nbsp;&nbsp;&nbsp;10731 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 149 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Oil, gas and consumable fuels (continued)** | **Oil, gas and consumable fuels (continued)** |  |
| Gulfport Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;276 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57405 |
| Harvest Natural Resources, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| HF Sinclair Corp. | &nbsp;&nbsp;2933 | &nbsp;&nbsp;&nbsp;&nbsp;135153 |
| HighPeak Energy, Inc. | &nbsp;&nbsp;2393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11343 |
| Infinity Natural Resources, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4257 |
| International Seaways, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38306 |
| Kinder Morgan, Inc. | 34897 | &nbsp;&nbsp;&nbsp;&nbsp;959319 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34536 |
| Kosmos Energy, Ltd. (A) | &nbsp;&nbsp;9007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8173 |
| Lightbridge Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6598 |
| Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;2838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62124 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;4777 | &nbsp;&nbsp;&nbsp;&nbsp;776884 |
| Matador Resources Company | &nbsp;&nbsp;1941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82376 |
| Murphy Oil Corp. | &nbsp;&nbsp;2256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70500 |
| New Fortress Energy, Inc. (A)(C) | &nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5187 |
| Next Bridge Hydrocarbons, Inc. (A)(B) | &nbsp;&nbsp;2456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| NextDecade Corp. (A) | &nbsp;&nbsp;4337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22856 |
| NextNRG, Inc. (A) | &nbsp;&nbsp;2423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3513 |
| Nordic American Tankers, Ltd. | &nbsp;&nbsp;3683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12670 |
| Northern Oil and Gas, Inc. | &nbsp;&nbsp;1522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32677 |
| Occidental Petroleum Corp. | 15429 | &nbsp;&nbsp;&nbsp;&nbsp;634440 |
| ONEOK, Inc. | &nbsp;&nbsp;9884 | &nbsp;&nbsp;&nbsp;&nbsp;726474 |
| Ovintiv, Inc. | &nbsp;&nbsp;4004 | &nbsp;&nbsp;&nbsp;&nbsp;156917 |
| Par Pacific Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28569 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;1836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49792 |
| Peabody Energy Corp. | &nbsp;&nbsp;1919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56994 |
| Permian Resources Corp. | 11632 | &nbsp;&nbsp;&nbsp;&nbsp;163197 |
| Phillips 66 | &nbsp;&nbsp;6356 | &nbsp;&nbsp;&nbsp;&nbsp;820178 |
| PrimeEnergy Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4617 |
| Range Resources Corp. | &nbsp;&nbsp;3741 | &nbsp;&nbsp;&nbsp;&nbsp;131908 |
| REX American Resources Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19295 |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13174 |
| Sable Offshore Corp. (A) | &nbsp;&nbsp;2342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21125 |
| SandRidge Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10563 |
| Scorpio Tankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40918 |
| SFL Corp., Ltd. | &nbsp;&nbsp;2223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17362 |
| SM Energy Company | &nbsp;&nbsp;1774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33174 |
| Talos Energy, Inc. (A) | &nbsp;&nbsp;2941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32410 |
| Targa Resources Corp. | &nbsp;&nbsp;3379 | &nbsp;&nbsp;&nbsp;&nbsp;623426 |
| Teekay Corp., Ltd. | &nbsp;&nbsp;1415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12777 |
| Teekay Tankers, Ltd., Class A | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25802 |
| Texas Pacific Land Corp. | &nbsp;&nbsp;1086 | &nbsp;&nbsp;&nbsp;&nbsp;311921 |
| The Williams Companies, Inc. | 19193 | &nbsp;&nbsp;&nbsp;1153691 |
| Uranium Energy Corp. (A) | &nbsp;&nbsp;7043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82262 |
| VAALCO Energy, Inc. | &nbsp;&nbsp;2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7335 |
| Valero Energy Corp. | &nbsp;&nbsp;4885 | &nbsp;&nbsp;&nbsp;&nbsp;795229 |
| Venture Global, Inc., Class A (C) | &nbsp;&nbsp;7320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49922 |
| Viper Energy, Inc., Class A | &nbsp;&nbsp;2677 | &nbsp;&nbsp;&nbsp;&nbsp;103413 |
| Vitesse Energy, Inc. (C) | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13424 |
| Western Midstream Partners LP | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304 |
| World Kinect Corp. | &nbsp;&nbsp;&nbsp;&nbsp;908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21274 |
|  |  | 28828576 |
|  |  | 32231315 |
| **Financials – 13.7%** |  |  |
| **Banks – 3.8%** | **Banks – 3.8%** |  |
| 1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27808 |
| ACNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11894 |
| Amalgamated Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15823 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16232 |
| Ameris Bancorp | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77761 |
| Arrow Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13753 |
| Associated Banc-Corp. | &nbsp;&nbsp;2440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62854 |
| Atlantic Union Bankshares Corp. | &nbsp;&nbsp;2161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76283 |
| Axos Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74959 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Banc of California, Inc. | &nbsp;&nbsp;&nbsp;2150 | $&nbsp;&nbsp;&nbsp;&nbsp;41474 |
| BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;557 | &nbsp;&nbsp;&nbsp;&nbsp;59053 |
| Bank First Corp. | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;21806 |
| Bank of America Corp. | 116455 | 6405025 |
| Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;39313 |
| Bank of Marin Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;454 | &nbsp;&nbsp;&nbsp;&nbsp;11809 |
| Bank OZK | &nbsp;&nbsp;&nbsp;1676 | &nbsp;&nbsp;&nbsp;&nbsp;77130 |
| Bank7 Corp. | &nbsp;&nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8606 |
| BankFinancial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6240 |
| BankUnited, Inc. | &nbsp;&nbsp;&nbsp;1117 | &nbsp;&nbsp;&nbsp;&nbsp;49785 |
| Bankwell Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8202 |
| Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp;544 | &nbsp;&nbsp;&nbsp;&nbsp;34087 |
| Bar Harbor Bankshares | &nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;15152 |
| Beacon Financial Corp. | &nbsp;&nbsp;&nbsp;1202 | &nbsp;&nbsp;&nbsp;&nbsp;31697 |
| Blue Foundry Bancorp (A) | &nbsp;&nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8465 |
| Blue Ridge Bankshares, Inc. | &nbsp;&nbsp;&nbsp;2135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9116 |
| BOK Financial Corp. | &nbsp;&nbsp;&nbsp;1018 | &nbsp;&nbsp;&nbsp;&nbsp;120592 |
| Bridgewater Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;&nbsp;11693 |
| Burke & Herbert Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;277 | &nbsp;&nbsp;&nbsp;&nbsp;17260 |
| Business First Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;644 | &nbsp;&nbsp;&nbsp;&nbsp;16834 |
| Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;26527 |
| Cadence Bank | &nbsp;&nbsp;&nbsp;2757 | &nbsp;&nbsp;&nbsp;&nbsp;118110 |
| California BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;643 | &nbsp;&nbsp;&nbsp;&nbsp;12005 |
| Camden National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;17178 |
| Capital Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;442 | &nbsp;&nbsp;&nbsp;&nbsp;12451 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;438 | &nbsp;&nbsp;&nbsp;&nbsp;18646 |
| Capitol Federal Financial, Inc. | &nbsp;&nbsp;&nbsp;2540 | &nbsp;&nbsp;&nbsp;&nbsp;17297 |
| Carter Bankshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;631 | &nbsp;&nbsp;&nbsp;&nbsp;12405 |
| Cathay General Bancorp | &nbsp;&nbsp;&nbsp;1082 | &nbsp;&nbsp;&nbsp;&nbsp;52358 |
| Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;15892 |
| CF Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4666 |
| ChoiceOne Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8148 |
| Citigroup, Inc. | &nbsp;&nbsp;28924 | 3375142 |
| Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp;6529 | &nbsp;&nbsp;&nbsp;&nbsp;381359 |
| City Holding Company | &nbsp;&nbsp;&nbsp;&nbsp;222 | &nbsp;&nbsp;&nbsp;&nbsp;26462 |
| Civista Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;506 | &nbsp;&nbsp;&nbsp;&nbsp;11243 |
| CNB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;16225 |
| Coastal Financial Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;237 | &nbsp;&nbsp;&nbsp;&nbsp;27158 |
| CoastalSouth Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6580 |
| Colony Bankcorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;683 | &nbsp;&nbsp;&nbsp;&nbsp;12171 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;&nbsp;4582 | &nbsp;&nbsp;&nbsp;&nbsp;128067 |
| Columbia Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;1974 | &nbsp;&nbsp;&nbsp;&nbsp;30676 |
| Comerica, Inc. | &nbsp;&nbsp;&nbsp;1988 | &nbsp;&nbsp;&nbsp;&nbsp;172817 |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;2173 | &nbsp;&nbsp;&nbsp;&nbsp;113722 |
| Commercial Bancgroup, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;422 | &nbsp;&nbsp;&nbsp;&nbsp;10364 |
| Community Financial System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;50720 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;23222 |
| Community West Bancshares | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;11925 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;879 | &nbsp;&nbsp;&nbsp;&nbsp;23047 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;984 | &nbsp;&nbsp;&nbsp;&nbsp;124604 |
| Customers Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;38022 |
| CVB Financial Corp. | &nbsp;&nbsp;&nbsp;2280 | &nbsp;&nbsp;&nbsp;&nbsp;42408 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;22718 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;11353 |
| East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp;2136 | &nbsp;&nbsp;&nbsp;&nbsp;240065 |
| Eastern Bankshares, Inc. | &nbsp;&nbsp;&nbsp;3808 | &nbsp;&nbsp;&nbsp;&nbsp;70181 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;33264 |
| Equity Bancshares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;16744 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;136 | &nbsp;&nbsp;&nbsp;&nbsp;13882 |
| Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5661 |
| Farmers National Banc Corp. | &nbsp;&nbsp;&nbsp;1115 | &nbsp;&nbsp;&nbsp;&nbsp;14852 |
| FB Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5076 |
| FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;48769 |
| Fifth Third Bancorp | &nbsp;&nbsp;10178 | &nbsp;&nbsp;&nbsp;&nbsp;476432 |
| Financial Institutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;399 | &nbsp;&nbsp;&nbsp;&nbsp;12437 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 150 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Finward Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;117 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4117 |
| First Bancorp (North Carolina) | &nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35045 |
| First Bancorp (Puerto Rico) | &nbsp;&nbsp;2523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52302 |
| First Bank | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6535 |
| First Busey Corp. | &nbsp;&nbsp;1459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34710 |
| First Business Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10154 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;397043 |
| First Commonwealth Financial Corp. | &nbsp;&nbsp;1630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27482 |
| First Community Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17506 |
| First Financial Bancorp | &nbsp;&nbsp;1607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40207 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;2383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71180 |
| First Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15709 |
| First Foundation, Inc. (A) | &nbsp;&nbsp;1592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9807 |
| First Hawaiian, Inc. | &nbsp;&nbsp;1898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48019 |
| First Horizon Corp. | &nbsp;&nbsp;7718 | &nbsp;&nbsp;&nbsp;&nbsp;184460 |
| First Internet Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5301 |
| First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;1598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55291 |
| First Merchants Corp. | &nbsp;&nbsp;&nbsp;&nbsp;962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36056 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23283 |
| Firstsun Capital Bancorp (A) | &nbsp;&nbsp;&nbsp;&nbsp;501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18855 |
| Five Star Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16852 |
| Flagstar Bank NA | &nbsp;&nbsp;6535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82276 |
| Flushing Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9512 |
| FNB Corp. | &nbsp;&nbsp;4696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80302 |
| Franklin Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4869 |
| Fulton Financial Corp. | &nbsp;&nbsp;2623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50703 |
| German American Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29346 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89950 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16991 |
| Greene County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8181 |
| Hancock Whitney Corp. | &nbsp;&nbsp;1222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77817 |
| Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14785 |
| HBT Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19620 |
| Heritage Commerce Corp. | &nbsp;&nbsp;1138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13667 |
| Heritage Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17714 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp;1115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37843 |
| Home Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10462 |
| Home BancShares, Inc. | &nbsp;&nbsp;3058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84951 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17176 |
| Hope Bancorp, Inc. | &nbsp;&nbsp;2255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24715 |
| Horizon Bancorp, Inc. | &nbsp;&nbsp;1140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19334 |
| Huntington Bancshares, Inc. | 23962 | &nbsp;&nbsp;&nbsp;&nbsp;415741 |
| Independent Bank Corp. (Massachusetts) | &nbsp;&nbsp;&nbsp;&nbsp;762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55687 |
| Independent Bank Corp. (Michigan) | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14964 |
| International Bancshares Corp. | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66440 |
| JPMorgan Chase & Co. | 43266 | 13941171 |
| Kearny Financial Corp. | &nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10611 |
| KeyCorp | 16649 | &nbsp;&nbsp;&nbsp;&nbsp;343635 |
| Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24422 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25831 |
| M&T Bank Corp. | &nbsp;&nbsp;2409 | &nbsp;&nbsp;&nbsp;&nbsp;485365 |
| Mechanics Bancorp, Class A | &nbsp;&nbsp;3546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51878 |
| Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18278 |
| Meridian Corp. | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4307 |
| Metrocity Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21577 |
| Metropolitan Bank Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12599 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14331 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10649 |
| MidWestOne Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16517 |
| MVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9480 |
| National Bank Holdings Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22958 |
| NB Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16589 |
| NBT Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36662 |
| Nicolet Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29719 |
| Northeast Bank | &nbsp;&nbsp;&nbsp;&nbsp;131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13615 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;351 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7936 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;&nbsp;&nbsp;11373 |
| Northpointe Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;678 | &nbsp;&nbsp;&nbsp;&nbsp;11377 |
| Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;11416 |
| Northwest Bancshares, Inc. | &nbsp;&nbsp;2291 | &nbsp;&nbsp;&nbsp;&nbsp;27492 |
| NU Holdings, Ltd., Class A (A) | 59228 | &nbsp;&nbsp;&nbsp;&nbsp;991477 |
| OceanFirst Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;17160 |
| OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;&nbsp;28399 |
| Old National Bancorp | &nbsp;&nbsp;5904 | &nbsp;&nbsp;&nbsp;&nbsp;131718 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;921 | &nbsp;&nbsp;&nbsp;&nbsp;17960 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8851 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;556 | &nbsp;&nbsp;&nbsp;&nbsp;20911 |
| Orrstown Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;321 | &nbsp;&nbsp;&nbsp;&nbsp;11370 |
| Park National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;42763 |
| Pathward Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;&nbsp;23359 |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;&nbsp;10082 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;21742 |
| Peoples Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp;&nbsp;13054 |
| Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;&nbsp;113347 |
| Ponce Financial Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9516 |
| Popular, Inc. | &nbsp;&nbsp;1019 | &nbsp;&nbsp;&nbsp;&nbsp;126886 |
| Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;19358 |
| Primis Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;738 | &nbsp;&nbsp;&nbsp;&nbsp;10266 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;1404 | &nbsp;&nbsp;&nbsp;&nbsp;97030 |
| Provident Financial Services, Inc. | &nbsp;&nbsp;2254 | &nbsp;&nbsp;&nbsp;&nbsp;44517 |
| QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;263 | &nbsp;&nbsp;&nbsp;&nbsp;21908 |
| RBB Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;509 | &nbsp;&nbsp;&nbsp;&nbsp;10506 |
| Red River Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;159 | &nbsp;&nbsp;&nbsp;&nbsp;11357 |
| Regions Financial Corp. | 13485 | &nbsp;&nbsp;&nbsp;&nbsp;365444 |
| Renasant Corp. | &nbsp;&nbsp;1490 | &nbsp;&nbsp;&nbsp;&nbsp;52478 |
| Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;24147 |
| S&T Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;656 | &nbsp;&nbsp;&nbsp;&nbsp;25814 |
| Seacoast Banking Corp. of Florida | &nbsp;&nbsp;1526 | &nbsp;&nbsp;&nbsp;&nbsp;47947 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;878 | &nbsp;&nbsp;&nbsp;&nbsp;63032 |
| Shore Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;14993 |
| Sierra Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;13922 |
| Simmons First National Corp., Class A | &nbsp;&nbsp;2364 | &nbsp;&nbsp;&nbsp;&nbsp;44561 |
| SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;421 | &nbsp;&nbsp;&nbsp;&nbsp;15573 |
| South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;398 | &nbsp;&nbsp;&nbsp;&nbsp;15442 |
| Southern First Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;219 | &nbsp;&nbsp;&nbsp;&nbsp;11283 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;14189 |
| Southside Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;641 | &nbsp;&nbsp;&nbsp;&nbsp;19480 |
| SouthState Bank Corp. | &nbsp;&nbsp;1523 | &nbsp;&nbsp;&nbsp;&nbsp;143330 |
| Stellar Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;867 | &nbsp;&nbsp;&nbsp;&nbsp;26825 |
| Sterling Bancorp, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;32410 |
| Synovus Financial Corp. | &nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;105555 |
| Texas Capital Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;678 | &nbsp;&nbsp;&nbsp;&nbsp;61386 |
| TFS Financial Corp. | &nbsp;&nbsp;4743 | &nbsp;&nbsp;&nbsp;&nbsp;63461 |
| The Bancorp, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;&nbsp;48547 |
| The Bank of NT Butterfield & Son, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;679 | &nbsp;&nbsp;&nbsp;&nbsp;33828 |
| The Hingham Institution for Savings | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9939 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;6154 | 1284524 |
| Third Coast Bancshares, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;10073 |
| Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;22264 |
| Towne Bank | &nbsp;&nbsp;1358 | &nbsp;&nbsp;&nbsp;&nbsp;45316 |
| TriCo Bancshares | &nbsp;&nbsp;&nbsp;&nbsp;657 | &nbsp;&nbsp;&nbsp;&nbsp;31122 |
| Triumph Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;385 | &nbsp;&nbsp;&nbsp;&nbsp;24113 |
| Truist Financial Corp. | 20137 | &nbsp;&nbsp;&nbsp;&nbsp;990942 |
| Trustmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;974 | &nbsp;&nbsp;&nbsp;&nbsp;37937 |
| U.S. Bancorp | 24337 | 1298622 |
| UMB Financial Corp. | &nbsp;&nbsp;1152 | &nbsp;&nbsp;&nbsp;&nbsp;132526 |
| United Bankshares, Inc. | &nbsp;&nbsp;2117 | &nbsp;&nbsp;&nbsp;&nbsp;81293 |
| United Community Banks, Inc. | &nbsp;&nbsp;1970 | &nbsp;&nbsp;&nbsp;&nbsp;61503 |
| Unity Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;223 | &nbsp;&nbsp;&nbsp;&nbsp;11534 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 151 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Banks (continued)** | **Banks (continued)** |  |
| Univest Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;648 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21216 |
| Valley National Bancorp | &nbsp;&nbsp;8428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98439 |
| Virginia National Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6137 |
| WaFd, Inc. | &nbsp;&nbsp;1272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40742 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12322 |
| Webster Financial Corp. | &nbsp;&nbsp;2523 | &nbsp;&nbsp;&nbsp;&nbsp;158798 |
| Wells Fargo & Company | 50368 | &nbsp;&nbsp;&nbsp;4694298 |
| WesBanco, Inc. | &nbsp;&nbsp;1501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49893 |
| West BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6280 |
| Westamerica BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20089 |
| Western Alliance Bancorp | &nbsp;&nbsp;1707 | &nbsp;&nbsp;&nbsp;&nbsp;143507 |
| Western New England Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8014 |
| Wintrust Financial Corp. | &nbsp;&nbsp;1017 | &nbsp;&nbsp;&nbsp;&nbsp;142197 |
| WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48280 |
| Zions Bancorp NA | &nbsp;&nbsp;2207 | &nbsp;&nbsp;&nbsp;&nbsp;129198 |
|  |  | 43504807 |
| **Capital markets – 3.3%** | **Capital markets – 3.3%** |  |
| Acadian Asset Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27495 |
| Affiliated Managers Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;&nbsp;126555 |
| ALT5 Sigma Corp. (A) | &nbsp;&nbsp;2083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2291 |
| Ameriprise Financial, Inc. | &nbsp;&nbsp;1476 | &nbsp;&nbsp;&nbsp;&nbsp;723742 |
| Ares Management Corp., Class A | &nbsp;&nbsp;3391 | &nbsp;&nbsp;&nbsp;&nbsp;548087 |
| Artisan Partners Asset Management, Inc., Class A | &nbsp;&nbsp;1127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45914 |
| B. Riley Financial, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531 |
| Bakkt Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3946 |
| BGC Group, Inc., Class A | &nbsp;&nbsp;5734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51205 |
| BlackRock, Inc. | &nbsp;&nbsp;2436 | &nbsp;&nbsp;&nbsp;2607348 |
| Blue Owl Capital, Inc. | 10153 | &nbsp;&nbsp;&nbsp;&nbsp;151686 |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;1643 | &nbsp;&nbsp;&nbsp;&nbsp;412393 |
| CGrowth Capital, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| CME Group, Inc. | &nbsp;&nbsp;5670 | &nbsp;&nbsp;&nbsp;1548364 |
| Cohen & Steers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52484 |
| Coinbase Global, Inc., Class A (A) | &nbsp;&nbsp;3384 | &nbsp;&nbsp;&nbsp;&nbsp;765258 |
| Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11357 |
| DigitalBridge Group, Inc. | &nbsp;&nbsp;2930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44946 |
| Dominari Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1525 |
| Donnelley Financial Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20404 |
| Ellington Credit Company | &nbsp;&nbsp;1179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6213 |
| Evercore, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;599 | &nbsp;&nbsp;&nbsp;&nbsp;203810 |
| FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;592 | &nbsp;&nbsp;&nbsp;&nbsp;171792 |
| Federated Hermes, Inc. | &nbsp;&nbsp;1196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62276 |
| Forge Global Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10204 |
| Franklin Resources, Inc. | &nbsp;&nbsp;8115 | &nbsp;&nbsp;&nbsp;&nbsp;193867 |
| Freedom Holding Corp. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp;119246 |
| GCM Grosvenor, Inc., Class A | &nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12554 |
| Gemini Space Station, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7162 |
| Hamilton Lane, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92540 |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;849 | &nbsp;&nbsp;&nbsp;&nbsp;147887 |
| Innventure, Inc. (A)(C) | &nbsp;&nbsp;1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4577 |
| Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp;6988 | &nbsp;&nbsp;&nbsp;&nbsp;449398 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;8997 | &nbsp;&nbsp;&nbsp;1457154 |
| Invesco, Ltd. | &nbsp;&nbsp;6967 | &nbsp;&nbsp;&nbsp;&nbsp;183023 |
| Jefferies Financial Group, Inc. | &nbsp;&nbsp;3246 | &nbsp;&nbsp;&nbsp;&nbsp;201155 |
| KKR & Company, Inc. | 14028 | &nbsp;&nbsp;&nbsp;1788289 |
| Lazard, Inc. | &nbsp;&nbsp;1484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72063 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;1256 | &nbsp;&nbsp;&nbsp;&nbsp;448606 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;106394 |
| Moelis & Company, Class A | &nbsp;&nbsp;1152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79188 |
| Moody's Corp. | &nbsp;&nbsp;2822 | &nbsp;&nbsp;&nbsp;1441619 |
| Morgan Stanley | 25114 | &nbsp;&nbsp;&nbsp;4458488 |
| Morningstar, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;659 | &nbsp;&nbsp;&nbsp;&nbsp;143207 |
| MSCI, Inc. | &nbsp;&nbsp;1215 | &nbsp;&nbsp;&nbsp;&nbsp;697082 |
| Nasdaq, Inc. | &nbsp;&nbsp;9001 | &nbsp;&nbsp;&nbsp;&nbsp;874267 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Capital markets (continued)** | **Capital markets (continued)** |  |
| Northern Trust Corp. | &nbsp;&nbsp;2997 | $&nbsp;&nbsp;&nbsp;&nbsp;409360 |
| Open Lending Corp. (A) | &nbsp;&nbsp;2641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4094 |
| Oppenheimer Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14386 |
| P10, Inc., Class A | &nbsp;&nbsp;1368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13420 |
| P10, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6524 |
| Patria Investments, Ltd., Class A | &nbsp;&nbsp;1279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20323 |
| Perella Weinberg Partners | &nbsp;&nbsp;1061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18355 |
| Piper Sandler Companies | &nbsp;&nbsp;&nbsp;&nbsp;279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94779 |
| PJT Partners, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62867 |
| Raymond James Financial, Inc. | &nbsp;&nbsp;3125 | &nbsp;&nbsp;&nbsp;&nbsp;501844 |
| Robinhood Markets, Inc., Class A (A) | 12174 | &nbsp;&nbsp;&nbsp;1376879 |
| S&P Global, Inc. | &nbsp;&nbsp;4804 | &nbsp;&nbsp;&nbsp;2510522 |
| SEI Investments Company | &nbsp;&nbsp;1915 | &nbsp;&nbsp;&nbsp;&nbsp;157068 |
| State Street Corp. | &nbsp;&nbsp;4442 | &nbsp;&nbsp;&nbsp;&nbsp;573062 |
| StepStone Group, Inc., Class A | &nbsp;&nbsp;1278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82009 |
| Stifel Financial Corp. | &nbsp;&nbsp;1589 | &nbsp;&nbsp;&nbsp;&nbsp;198975 |
| StoneX Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78387 |
| Strive, Inc., Class A (A) | &nbsp;&nbsp;9426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6956 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;3430 | &nbsp;&nbsp;&nbsp;&nbsp;351163 |
| The Bank of New York Mellon Corp. | 11070 | &nbsp;&nbsp;&nbsp;1285116 |
| The Blackstone Group, Inc. | 11596 | &nbsp;&nbsp;&nbsp;1787407 |
| The Carlyle Group, Inc. | &nbsp;&nbsp;5698 | &nbsp;&nbsp;&nbsp;&nbsp;336809 |
| The Charles Schwab Corp. | 28559 | &nbsp;&nbsp;&nbsp;2853330 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;4756 | &nbsp;&nbsp;&nbsp;4180524 |
| TPG, Inc. | &nbsp;&nbsp;2197 | &nbsp;&nbsp;&nbsp;&nbsp;140256 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;1825 | &nbsp;&nbsp;&nbsp;&nbsp;196261 |
| Value Line, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5957 |
| Victory Capital Holdings, Inc., Class A | &nbsp;&nbsp;1064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67128 |
| Virtu Financial, Inc., Class A | &nbsp;&nbsp;1346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44849 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17783 |
| Webull Corp. (A) | &nbsp;&nbsp;6337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49238 |
| WisdomTree, Inc. | &nbsp;&nbsp;2248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27403 |
|  |  | 38052628 |
| **Consumer finance – 0.8%** | **Consumer finance – 0.8%** |  |
| Ally Financial, Inc. | &nbsp;&nbsp;4786 | &nbsp;&nbsp;&nbsp;&nbsp;216758 |
| American Express Company | 10947 | &nbsp;&nbsp;&nbsp;4049843 |
| Atlanticus Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17273 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53598 |
| Capital One Financial Corp. | 10051 | &nbsp;&nbsp;&nbsp;2435960 |
| Credit Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78049 |
| Dave, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42289 |
| DeFi Development Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2702 |
| Encore Capital Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21142 |
| Enova International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61308 |
| EZCORP, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17459 |
| Figure Technology Solutions, Inc., Class A (A)(C) | &nbsp;&nbsp;2790 | &nbsp;&nbsp;&nbsp;&nbsp;113944 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;113160 |
| Green Dot Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11965 |
| Jefferson Capital, Inc. | &nbsp;&nbsp;1078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24083 |
| Katapult Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956 |
| LendingClub Corp. (A) | &nbsp;&nbsp;1819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34452 |
| LendingTree, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11733 |
| Navient Corp. | &nbsp;&nbsp;1709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22217 |
| Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55311 |
| NerdWallet, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10257 |
| OneMain Holdings, Inc. | &nbsp;&nbsp;1835 | &nbsp;&nbsp;&nbsp;&nbsp;123954 |
| Oportun Financial Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4454 |
| OppFi, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4801 |
| PRA Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12259 |
| PROG Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18638 |
| Regional Management Corp. | &nbsp;&nbsp;&nbsp;&nbsp;228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8835 |
| SLM Corp. | &nbsp;&nbsp;3256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88107 |
| SoFi Technologies, Inc. (A) | 18818 | &nbsp;&nbsp;&nbsp;&nbsp;492655 |
| Synchrony Financial | &nbsp;&nbsp;5794 | &nbsp;&nbsp;&nbsp;&nbsp;483393 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 152 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Consumer finance (continued)** | **Consumer finance (continued)** |  |
| Upstart Holdings, Inc. (A) | &nbsp;&nbsp;1510 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66032 |
| World Acceptance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13056 |
|  |  | &nbsp;&nbsp;&nbsp;8710643 |
| **Financial services – 3.8%** | **Financial services – 3.8%** |  |
| Acacia Research Corp. (A) | &nbsp;&nbsp;2424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9066 |
| Affirm Holdings, Inc. (A) | &nbsp;&nbsp;4482 | &nbsp;&nbsp;&nbsp;&nbsp;333595 |
| Alerus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13872 |
| Apollo Global Management, Inc. | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;1302840 |
| Berkshire Hathaway, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;6793200 |
| Berkshire Hathaway, Inc., Class B (A) | 21126 | 10618984 |
| Better Home & Finance Holding Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5506 |
| Block, Inc. (A) | &nbsp;&nbsp;8644 | &nbsp;&nbsp;&nbsp;&nbsp;562638 |
| Burford Capital, Ltd. | &nbsp;&nbsp;3586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31987 |
| Cannae Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15274 |
| Cantaloupe, Inc. (A) | &nbsp;&nbsp;1256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13339 |
| Cass Information Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12165 |
| Chime Financial, Inc., Class A (A) | &nbsp;&nbsp;5418 | &nbsp;&nbsp;&nbsp;&nbsp;136371 |
| Compass Diversified Holdings | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7522 |
| Corebridge Financial, Inc. | &nbsp;&nbsp;8453 | &nbsp;&nbsp;&nbsp;&nbsp;255027 |
| Corpay, Inc. (A) | &nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;&nbsp;332829 |
| Enact Holdings, Inc. | &nbsp;&nbsp;2485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98505 |
| Equitable Holdings, Inc. | &nbsp;&nbsp;4688 | &nbsp;&nbsp;&nbsp;&nbsp;223383 |
| Essent Group, Ltd. | &nbsp;&nbsp;1540 | &nbsp;&nbsp;&nbsp;&nbsp;100115 |
| Euronet Worldwide, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50765 |
| Federal Agricultural Mortgage Corp., Class C | &nbsp;&nbsp;&nbsp;&nbsp;149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26160 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp;8217 | &nbsp;&nbsp;&nbsp;&nbsp;546102 |
| Finance of America Companies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4721 |
| Fiserv, Inc. (A) | &nbsp;&nbsp;8561 | &nbsp;&nbsp;&nbsp;&nbsp;575042 |
| Flywire Corp. (A) | &nbsp;&nbsp;1943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27513 |
| Global Payments, Inc. | &nbsp;&nbsp;3796 | &nbsp;&nbsp;&nbsp;&nbsp;293810 |
| HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;1956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61477 |
| International Money Express, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9139 |
| Jack Henry & Associates, Inc. | &nbsp;&nbsp;1135 | &nbsp;&nbsp;&nbsp;&nbsp;207115 |
| Jackson Financial, Inc., Class A | &nbsp;&nbsp;1089 | &nbsp;&nbsp;&nbsp;&nbsp;116142 |
| LoanDepot, Inc., Class A (A) | &nbsp;&nbsp;2274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4707 |
| Marqeta, Inc., Class A (A) | &nbsp;&nbsp;6780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32205 |
| Mastercard, Inc., Class A | 14116 | &nbsp;&nbsp;&nbsp;8058542 |
| Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26362 |
| MGIC Investment Corp. | &nbsp;&nbsp;3556 | &nbsp;&nbsp;&nbsp;&nbsp;103906 |
| NCR Atleos Corp. (A) | &nbsp;&nbsp;1179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44932 |
| NewtekOne, Inc. (C) | &nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7014 |
| NMI Holdings, Inc. (A) | &nbsp;&nbsp;1226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50009 |
| Onity Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8059 |
| Paymentus Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28210 |
| Payoneer Global, Inc. (A) | &nbsp;&nbsp;5873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33006 |
| PayPal Holdings, Inc. | 15006 | &nbsp;&nbsp;&nbsp;&nbsp;876050 |
| Paysafe, Ltd. (A) | &nbsp;&nbsp;1115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9020 |
| Paysign, Inc. (A) | &nbsp;&nbsp;1029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5299 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;819 | &nbsp;&nbsp;&nbsp;&nbsp;107977 |
| Priority Technology Holdings, Inc. (A) | &nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7957 |
| Radian Group, Inc. | &nbsp;&nbsp;2133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76767 |
| Remitly Global, Inc. (A) | &nbsp;&nbsp;3262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45016 |
| Repay Holdings Corp. (A) | &nbsp;&nbsp;1611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5880 |
| Rocket Companies, Inc., Class A | 15116 | &nbsp;&nbsp;&nbsp;&nbsp;292646 |
| Sezzle, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34086 |
| Shift4 Payments, Inc., Class A (A)(C) | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65930 |
| StoneCo, Ltd., Class A (A) | &nbsp;&nbsp;4088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60462 |
| Sui Group Holdings, Ltd. (A) | &nbsp;&nbsp;1594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2662 |
| The Western Union Company | &nbsp;&nbsp;4965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46224 |
| Toast, Inc., Class A (A) | &nbsp;&nbsp;8017 | &nbsp;&nbsp;&nbsp;&nbsp;284684 |
| TrustCo Bank Corp. NY | &nbsp;&nbsp;&nbsp;&nbsp;401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16573 |
| UWM Holdings Corp. | &nbsp;&nbsp;4048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17730 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Financial services (continued)** | **Financial services (continued)** |  |
| Velocity Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;744 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15445 |
| Visa, Inc., Class A | 26726 | &nbsp;&nbsp;&nbsp;9373075 |
| Voya Financial, Inc. | &nbsp;&nbsp;1503 | &nbsp;&nbsp;&nbsp;&nbsp;111958 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33383 |
| WEX, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79257 |
|  |  | 42749237 |
| **Insurance – 1.9%** | **Insurance – 1.9%** |  |
| Abacus Global Management, Inc. | &nbsp;&nbsp;1652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14125 |
| Aflac, Inc. | &nbsp;&nbsp;8442 | &nbsp;&nbsp;&nbsp;&nbsp;930899 |
| American Coastal Insurance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11418 |
| American Financial Group, Inc. | &nbsp;&nbsp;1311 | &nbsp;&nbsp;&nbsp;&nbsp;179187 |
| American Integrity Insurance Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7978 |
| American International Group, Inc. | &nbsp;&nbsp;8675 | &nbsp;&nbsp;&nbsp;&nbsp;742146 |
| AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15364 |
| Aon PLC, Class A | &nbsp;&nbsp;3386 | &nbsp;&nbsp;&nbsp;1194852 |
| Arch Capital Group, Ltd. (A) | &nbsp;&nbsp;5838 | &nbsp;&nbsp;&nbsp;&nbsp;559981 |
| Arthur J. Gallagher & Company | &nbsp;&nbsp;4031 | &nbsp;&nbsp;&nbsp;1043182 |
| Aspen Insurance Holdings, Ltd., Class A (A) | &nbsp;&nbsp;1487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55168 |
| Assurant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;782 | &nbsp;&nbsp;&nbsp;&nbsp;188345 |
| Assured Guaranty, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66953 |
| Ategrity Specialty Holdings LLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18468 |
| Axis Capital Holdings, Ltd. | &nbsp;&nbsp;1203 | &nbsp;&nbsp;&nbsp;&nbsp;128829 |
| Bowhead Specialty Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16468 |
| Brighthouse Financial, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58635 |
| Brown & Brown, Inc. | &nbsp;&nbsp;5149 | &nbsp;&nbsp;&nbsp;&nbsp;410375 |
| Chubb, Ltd. | &nbsp;&nbsp;6264 | &nbsp;&nbsp;&nbsp;1955120 |
| Cincinnati Financial Corp. | &nbsp;&nbsp;2471 | &nbsp;&nbsp;&nbsp;&nbsp;403564 |
| CNA Financial Corp. | &nbsp;&nbsp;4411 | &nbsp;&nbsp;&nbsp;&nbsp;210581 |
| CNO Financial Group, Inc. | &nbsp;&nbsp;1537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65276 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13906 |
| eHealth, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3528 |
| Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17441 |
| Erie Indemnity Company, Class A | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;210114 |
| Everest Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;648 | &nbsp;&nbsp;&nbsp;&nbsp;219899 |
| F&G Annuities & Life, Inc. | &nbsp;&nbsp;2447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75490 |
| Fidelis Insurance Holdings, Ltd. | &nbsp;&nbsp;1692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33112 |
| Fidelity National Financial, Inc. | &nbsp;&nbsp;4306 | &nbsp;&nbsp;&nbsp;&nbsp;235065 |
| First American Financial Corp. | &nbsp;&nbsp;1604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98550 |
| Genworth Financial, Inc. (A) | &nbsp;&nbsp;6327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57133 |
| Globe Life, Inc. | &nbsp;&nbsp;1270 | &nbsp;&nbsp;&nbsp;&nbsp;177622 |
| Goosehead Insurance, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29755 |
| Hagerty, Inc., Class A (A) | &nbsp;&nbsp;1811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24340 |
| Hamilton Insurance Group, Ltd., Class B (A) | &nbsp;&nbsp;1105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30830 |
| HCI Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38913 |
| Heritage Insurance Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14630 |
| Hippo Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12694 |
| Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31402 |
| Investors Title Company | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8238 |
| James River Group Holdings, Inc. | &nbsp;&nbsp;1026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6525 |
| Kemper Corp. | &nbsp;&nbsp;&nbsp;&nbsp;994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40297 |
| Kingstone Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4140 |
| Kingsway Financial Services, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8191 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;366 | &nbsp;&nbsp;&nbsp;&nbsp;143150 |
| Lemonade, Inc. (A) | &nbsp;&nbsp;1165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82925 |
| Lincoln National Corp. | &nbsp;&nbsp;2974 | &nbsp;&nbsp;&nbsp;&nbsp;132432 |
| Loews Corp. | &nbsp;&nbsp;3247 | &nbsp;&nbsp;&nbsp;&nbsp;341942 |
| Markel Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;199 | &nbsp;&nbsp;&nbsp;&nbsp;427780 |
| Marsh & McLennan Companies, Inc. | &nbsp;&nbsp;7720 | &nbsp;&nbsp;&nbsp;1432214 |
| MBIA, Inc. (A) | &nbsp;&nbsp;1002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7174 |
| Mercury General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82491 |
| MetLife, Inc. | 10443 | &nbsp;&nbsp;&nbsp;&nbsp;824370 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 153 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Insurance (continued)** | **Insurance (continued)** |  |
| Neptune Insurance Holdings Inc., Class A (A) | &nbsp;&nbsp;1592 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46423 |
| Octave Specialty Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6621 |
| Old Republic International Corp. | &nbsp;&nbsp;3891 | &nbsp;&nbsp;&nbsp;&nbsp;177585 |
| Oscar Health, Inc., Class A (A) | &nbsp;&nbsp;3618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51991 |
| Palomar Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56734 |
| Primerica, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;513 | &nbsp;&nbsp;&nbsp;&nbsp;132539 |
| Principal Financial Group, Inc. | &nbsp;&nbsp;3489 | &nbsp;&nbsp;&nbsp;&nbsp;307765 |
| ProAssurance Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20198 |
| Prudential Financial, Inc. | &nbsp;&nbsp;5528 | &nbsp;&nbsp;&nbsp;&nbsp;624001 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;1027 | &nbsp;&nbsp;&nbsp;&nbsp;208953 |
| RenaissanceRe Holdings, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;732 | &nbsp;&nbsp;&nbsp;&nbsp;205809 |
| RLI Corp. | &nbsp;&nbsp;1469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93987 |
| Root, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15457 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;2007 | &nbsp;&nbsp;&nbsp;&nbsp;103621 |
| Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20101 |
| Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79989 |
| SelectQuote, Inc. (A) | &nbsp;&nbsp;3464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4884 |
| SiriusPoint, Ltd. (A) | &nbsp;&nbsp;1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42686 |
| Skyward Specialty Insurance Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32506 |
| Slide Insurance Holdings, Inc. (A) | &nbsp;&nbsp;2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39622 |
| Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33163 |
| The Allstate Corp. | &nbsp;&nbsp;4127 | &nbsp;&nbsp;&nbsp;&nbsp;859035 |
| The Baldwin Insurance Group, Inc. (A) | &nbsp;&nbsp;1153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27707 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;548 | &nbsp;&nbsp;&nbsp;&nbsp;100158 |
| The Hartford Insurance Group, Inc. | &nbsp;&nbsp;4373 | &nbsp;&nbsp;&nbsp;&nbsp;602599 |
| The Progressive Corp. | &nbsp;&nbsp;9217 | &nbsp;&nbsp;&nbsp;2098895 |
| The Travelers Companies, Inc. | &nbsp;&nbsp;3527 | &nbsp;&nbsp;&nbsp;1023042 |
| Tiptree, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12807 |
| Trupanion, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25935 |
| TWFG, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8861 |
| United Fire Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17048 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16123 |
| Unum Group | &nbsp;&nbsp;2661 | &nbsp;&nbsp;&nbsp;&nbsp;206228 |
| W.R. Berkley Corp. | &nbsp;&nbsp;5948 | &nbsp;&nbsp;&nbsp;&nbsp;417074 |
| White Mountains Insurance Group, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83121 |
| Willis Towers Watson PLC | &nbsp;&nbsp;1528 | &nbsp;&nbsp;&nbsp;&nbsp;502101 |
|  |  | 21448576 |
| **Mortgage real estate investment trusts – 0.1%** | **Mortgage real estate investment trusts – 0.1%** |  |
| Adamas Trust, Inc. | &nbsp;&nbsp;1685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12301 |
| AGNC Investment Corp. | 16332 | &nbsp;&nbsp;&nbsp;&nbsp;175079 |
| Annaly Capital Management, Inc. | &nbsp;&nbsp;9978 | &nbsp;&nbsp;&nbsp;&nbsp;223108 |
| Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;2373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22971 |
| Arbor Realty Trust, Inc. | &nbsp;&nbsp;3096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24025 |
| Ares Commercial Real Estate Corp. | &nbsp;&nbsp;1318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6300 |
| ARMOUR Residential REIT, Inc. | &nbsp;&nbsp;1753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31011 |
| Blackstone Mortgage Trust, Inc., Class A | &nbsp;&nbsp;2713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51900 |
| BrightSpire Capital, Inc. | &nbsp;&nbsp;2843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15921 |
| Chicago Atlantic Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7466 |
| Chimera Investment Corp. | &nbsp;&nbsp;1441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17912 |
| Claros Mortgage Trust, Inc. (A) | &nbsp;&nbsp;2616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8005 |
| Dynex Capital, Inc. | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33680 |
| Ellington Financial, Inc. | &nbsp;&nbsp;1598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21701 |
| Franklin BSP Realty Trust, Inc. | &nbsp;&nbsp;1560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15647 |
| Invesco Mortgage Capital, Inc. | &nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9512 |
| KKR Real Estate Finance Trust, Inc. | &nbsp;&nbsp;1308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10752 |
| Ladder Capital Corp. | &nbsp;&nbsp;2411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26497 |
| MFA Financial, Inc. | &nbsp;&nbsp;1679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15631 |
| Orchid Island Capital, Inc. | &nbsp;&nbsp;2447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17618 |
| PennyMac Mortgage Investment Trust | &nbsp;&nbsp;1425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17884 |
| Ready Capital Corp. | &nbsp;&nbsp;3668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7996 |
| Redwood Trust, Inc. | &nbsp;&nbsp;2570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14212 |
| Rithm Capital Corp. | &nbsp;&nbsp;7991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87102 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Mortgage real estate investment trusts (continued)** | **Mortgage real estate investment trusts (continued)** |  |
| Seven Hills Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7707 |
| Starwood Property Trust, Inc. | &nbsp;&nbsp;5608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101000 |
| TPG Mortgage Investment Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7378 |
| TPG RE Finance Trust, Inc. | &nbsp;&nbsp;1374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11830 |
| Two Harbors Investment Corp. | &nbsp;&nbsp;1749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18365 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1020511 |
|  |  | 155486402 |
| **Health care – 9.8%** |  |  |
| **Biotechnology – 2.2%** | **Biotechnology – 2.2%** |  |
| 4D Molecular Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7493 |
| 89Bio, Inc. (A)(B) | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817 |
| AbbVie, Inc. | 27790 | &nbsp;&nbsp;&nbsp;&nbsp;6349737 |
| Abeona Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4980 |
| Absci Corp. (A)(C) | &nbsp;&nbsp;2456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8571 |
| ACADIA Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71049 |
| Achieve Life Sciences, Inc. (A) | &nbsp;&nbsp;1007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5005 |
| Acrivon Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933 |
| Adicet Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2265 |
| ADMA Biologics, Inc. (A) | &nbsp;&nbsp;3735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68126 |
| Aduro Biotech, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437 |
| Adverum Biotechnologies, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390 |
| Agenus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875 |
| Agios Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26349 |
| Akebia Therapeutics, Inc. (A) | &nbsp;&nbsp;4428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7129 |
| Akero Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836 |
| Akouos, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408 |
| Albireo Pharma, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851 |
| Aldeyra Therapeutics, Inc. (A) | &nbsp;&nbsp;1107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5734 |
| Alector, Inc. (A) | &nbsp;&nbsp;2221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3465 |
| Alkermes PLC (A) | &nbsp;&nbsp;2591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72496 |
| Allogene Therapeutics, Inc. (A) | &nbsp;&nbsp;4082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5592 |
| Alnylam Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819954 |
| Altimmune, Inc. (A) | &nbsp;&nbsp;1758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6346 |
| Alvotech SA (A) | &nbsp;&nbsp;4392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22531 |
| Ambit Biosciences Corp. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278 |
| Amgen, Inc. | &nbsp;&nbsp;8464 | &nbsp;&nbsp;&nbsp;&nbsp;2770352 |
| Amicus Therapeutics, Inc. (A) | &nbsp;&nbsp;4889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69619 |
| AnaptysBio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21864 |
| Anavex Life Sciences Corp. (A) | &nbsp;&nbsp;1458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5190 |
| Anika Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5516 |
| Anixa Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2696 |
| Annexon, Inc. (A) | &nbsp;&nbsp;2399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12043 |
| Annovis Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1727 |
| Apellis Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50014 |
| Apogee Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65366 |
| Applied Therapeutics, Inc. (A) | &nbsp;&nbsp;4092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409 |
| Arbutus Biopharma Corp. (A) | &nbsp;&nbsp;3483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16753 |
| Arcellx, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57376 |
| Arcturus Therapeutics Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3022 |
| Arcus Biosciences, Inc. (A) | &nbsp;&nbsp;1965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46826 |
| Arcutis Biotherapeutics, Inc. (A) | &nbsp;&nbsp;1894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55002 |
| Ardelyx, Inc. (A) | &nbsp;&nbsp;3835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22358 |
| ArriVent Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14889 |
| Arrowhead Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144929 |
| ARS Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18558 |
| Artiva Biotherapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2072 |
| Assembly Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9965 |
| Astria Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12619 |
| aTyr Pharma, Inc. (A)(C) | &nbsp;&nbsp;2183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1710 |
| Aura Biosciences, Inc. (A) | &nbsp;&nbsp;1468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8001 |
| Aurinia Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33623 |
| Avalo Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5739 |
| Avidity Biosciences, Inc. (A) | &nbsp;&nbsp;2372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171092 |
| Beam Therapeutics, Inc. (A) | &nbsp;&nbsp;1616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44796 |
| Benitec Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8621 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 154 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Bicara Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;904 | $&nbsp;&nbsp;&nbsp;15214 |
| BioCryst Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;3317 | &nbsp;&nbsp;&nbsp;25873 |
| Biogen, Inc. (A) | &nbsp;&nbsp;2294 | 403721 |
| Biohaven, Ltd. (A) | &nbsp;&nbsp;1702 | &nbsp;&nbsp;&nbsp;19216 |
| BioMarin Pharmaceutical, Inc. (A) | &nbsp;&nbsp;2984 | 177339 |
| Biomea Fusion, Inc. (A) | &nbsp;&nbsp;1444 | &nbsp;&nbsp;&nbsp;&nbsp;1791 |
| Bioxcel Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699 |
| Black Diamond Therapeutics, Inc. (A) | &nbsp;&nbsp;1161 | &nbsp;&nbsp;&nbsp;&nbsp;2821 |
| Bluebird Bio, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406 |
| Blueprint Medicines Corp. (A)(B) | &nbsp;&nbsp;1057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486 |
| BridgeBio Pharma, Inc. (A) | &nbsp;&nbsp;3009 | 230158 |
| Bright Minds Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;119 | &nbsp;&nbsp;&nbsp;&nbsp;9287 |
| C4 Therapeutics, Inc. (A) | &nbsp;&nbsp;1839 | &nbsp;&nbsp;&nbsp;&nbsp;3512 |
| Cabaletta Bio, Inc. (A) | &nbsp;&nbsp;1648 | &nbsp;&nbsp;&nbsp;&nbsp;3609 |
| Candel Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;957 | &nbsp;&nbsp;&nbsp;&nbsp;5407 |
| Capricor Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;20837 |
| Cardiff Oncology, Inc. (A)(C) | &nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;3479 |
| CareDx, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;853 | &nbsp;&nbsp;&nbsp;16071 |
| Caribou Biosciences, Inc. (A) | &nbsp;&nbsp;1999 | &nbsp;&nbsp;&nbsp;&nbsp;3178 |
| Caris Life Sciences, Inc. (A)(C) | &nbsp;&nbsp;4478 | 120816 |
| Catalyst Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1910 | &nbsp;&nbsp;&nbsp;44579 |
| Celcuity, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;672 | &nbsp;&nbsp;&nbsp;67025 |
| Celldex Therapeutics, Inc. (A) | &nbsp;&nbsp;1085 | &nbsp;&nbsp;&nbsp;29469 |
| CG Oncology, Inc. (A) | &nbsp;&nbsp;1221 | &nbsp;&nbsp;&nbsp;50696 |
| Checkpoint Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148 |
| Chinook Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp;1352 |
| Cidara Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;496 | 109561 |
| Clene, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;&nbsp;&nbsp;1368 |
| Climb Bio, Inc. (A) | &nbsp;&nbsp;1153 | &nbsp;&nbsp;&nbsp;&nbsp;4612 |
| Cogent Biosciences, Inc. (A) | &nbsp;&nbsp;2408 | &nbsp;&nbsp;&nbsp;85532 |
| Coherus Oncology, Inc. (A) | &nbsp;&nbsp;2347 | &nbsp;&nbsp;&nbsp;&nbsp;3333 |
| Compass Therapeutics, Inc. (A) | &nbsp;&nbsp;2958 | &nbsp;&nbsp;&nbsp;15884 |
| Concert Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;1064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394 |
| Corbus Pharmaceuticals Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;2849 |
| Corvus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1269 | &nbsp;&nbsp;&nbsp;&nbsp;9771 |
| Crescent Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp;&nbsp;3273 |
| CRISPR Therapeutics AG (A) | &nbsp;&nbsp;1437 | &nbsp;&nbsp;&nbsp;75356 |
| Cullinan Therapeutics, Inc. (A) | &nbsp;&nbsp;1030 | &nbsp;&nbsp;&nbsp;10661 |
| Cyteir Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Cytokinetics, Inc. (A) | &nbsp;&nbsp;1914 | 121616 |
| CytomX Therapeutics, Inc. (A) | &nbsp;&nbsp;2765 | &nbsp;&nbsp;&nbsp;11779 |
| Day One Biopharmaceuticals, Inc. (A) | &nbsp;&nbsp;1697 | &nbsp;&nbsp;&nbsp;15816 |
| Denali Therapeutics, Inc. (A) | &nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;39459 |
| Design Therapeutics, Inc. (A) | &nbsp;&nbsp;1028 | &nbsp;&nbsp;&nbsp;&nbsp;9643 |
| DiaMedica Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;932 | &nbsp;&nbsp;&nbsp;&nbsp;7419 |
| Dianthus Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;688 | &nbsp;&nbsp;&nbsp;28352 |
| Disc Medicine, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;43914 |
| Dynavax Technologies Corp. (A) | &nbsp;&nbsp;1871 | &nbsp;&nbsp;&nbsp;28776 |
| Dyne Therapeutics, Inc. (A) | &nbsp;&nbsp;2258 | &nbsp;&nbsp;&nbsp;44166 |
| Editas Medicine, Inc. (A) | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;3460 |
| Eledon Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1610 | &nbsp;&nbsp;&nbsp;&nbsp;2431 |
| Emergent BioSolutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;873 | &nbsp;&nbsp;&nbsp;10790 |
| Enanta Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;519 | &nbsp;&nbsp;&nbsp;&nbsp;8185 |
| Entrada Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp;7556 |
| Erasca, Inc. (A) | &nbsp;&nbsp;4833 | &nbsp;&nbsp;&nbsp;17979 |
| Exact Sciences Corp. (A) | &nbsp;&nbsp;2976 | 302243 |
| Exagen, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;2754 |
| Exelixis, Inc. (A) | &nbsp;&nbsp;4224 | 185138 |
| Fate Therapeutics, Inc. (A) | &nbsp;&nbsp;2366 | &nbsp;&nbsp;&nbsp;&nbsp;2325 |
| Flexion Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390 |
| Forte Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;5863 |
| Fortress Biotech, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;2664 |
| Gain Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;2360 |
| Galectin Therapeutics, Inc. (A) | &nbsp;&nbsp;1086 | &nbsp;&nbsp;&nbsp;&nbsp;4518 |
| Geron Corp. (A) | 10432 | &nbsp;&nbsp;&nbsp;13770 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Gilead Sciences, Inc. | 19508 | $2394412 |
| Gossamer Bio, Inc. (A) | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;11625 |
| GRAIL, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;52723 |
| Greenwich Lifesciences, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5904 |
| GTX Corp. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Gyre Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp;&nbsp;10308 |
| Halozyme Therapeutics, Inc. (A) | &nbsp;&nbsp;1830 | &nbsp;&nbsp;&nbsp;&nbsp;123159 |
| Heron Therapeutics, Inc. (A) | &nbsp;&nbsp;3354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4360 |
| Humacyte, Inc. (A)(C) | &nbsp;&nbsp;3272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3143 |
| Icosavax, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228 |
| Ideaya Biosciences, Inc. (A) | &nbsp;&nbsp;1427 | &nbsp;&nbsp;&nbsp;&nbsp;49331 |
| Immix Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3290 |
| Immuneering Corp., Class A (A) | &nbsp;&nbsp;1093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7192 |
| ImmunityBio, Inc. (A)(C) | 15700 | &nbsp;&nbsp;&nbsp;&nbsp;31086 |
| Immunome, Inc. (A) | &nbsp;&nbsp;1474 | &nbsp;&nbsp;&nbsp;&nbsp;31662 |
| Immunovant, Inc. (A) | &nbsp;&nbsp;2789 | &nbsp;&nbsp;&nbsp;&nbsp;70896 |
| Incyte Corp. (A) | &nbsp;&nbsp;3064 | &nbsp;&nbsp;&nbsp;&nbsp;302631 |
| Inhibrx Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;238 | &nbsp;&nbsp;&nbsp;&nbsp;18802 |
| Inhibrx, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463 |
| Inmune Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158 |
| Inovio Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187 |
| Insmed, Inc. (A) | &nbsp;&nbsp;3327 | &nbsp;&nbsp;&nbsp;&nbsp;579031 |
| Instil Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1386 |
| Intellia Therapeutics, Inc. (A) | &nbsp;&nbsp;1733 | &nbsp;&nbsp;&nbsp;&nbsp;15580 |
| Invivyd, Inc. (A) | &nbsp;&nbsp;4475 | &nbsp;&nbsp;&nbsp;&nbsp;11053 |
| Ionis Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2514 | &nbsp;&nbsp;&nbsp;&nbsp;198883 |
| Iovance Biotherapeutics, Inc. (A) | &nbsp;&nbsp;6345 | &nbsp;&nbsp;&nbsp;&nbsp;17322 |
| Ironwood Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9028 |
| iTeos Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 |
| Jade Biosciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;784 | &nbsp;&nbsp;&nbsp;&nbsp;12097 |
| Janux Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;986 | &nbsp;&nbsp;&nbsp;&nbsp;13607 |
| Jasper Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1429 |
| KALA BIO, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413 |
| KalVista Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;13469 |
| Keros Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;497 | &nbsp;&nbsp;&nbsp;&nbsp;10119 |
| Kiniksa Pharmaceuticals International PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;706 | &nbsp;&nbsp;&nbsp;&nbsp;29123 |
| Kinnate Biopharma, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |
| Kodiak Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;23766 |
| Korro Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1522 |
| Krystal Biotech, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;111683 |
| Kura Oncology, Inc. (A) | &nbsp;&nbsp;1470 | &nbsp;&nbsp;&nbsp;&nbsp;15273 |
| Kymera Therapeutics, Inc. (A) | &nbsp;&nbsp;1137 | &nbsp;&nbsp;&nbsp;&nbsp;88470 |
| Kyverna Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7398 |
| Larimar Therapeutics, Inc. (A) | &nbsp;&nbsp;1528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5822 |
| Lexeo Therapeutics, Inc. (A) | &nbsp;&nbsp;1210 | &nbsp;&nbsp;&nbsp;&nbsp;12015 |
| Lineage Cell Therapeutics, Inc. (A) | &nbsp;&nbsp;4135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6905 |
| Lite Strategy, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262 |
| Lunai Bioworks, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545 |
| MacroGenics, Inc. (A) | &nbsp;&nbsp;1532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2467 |
| Madrigal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;203819 |
| Magenta Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;2418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118 |
| MannKind Corp. (A) | &nbsp;&nbsp;4945 | &nbsp;&nbsp;&nbsp;&nbsp;28038 |
| MapLight Therapeutics, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;696 | &nbsp;&nbsp;&nbsp;&nbsp;12225 |
| MeiraGTx Holdings PLC (A) | &nbsp;&nbsp;1436 | &nbsp;&nbsp;&nbsp;&nbsp;11416 |
| Merrimack Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Mersana Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2748 |
| MiMedx Group, Inc. (A) | &nbsp;&nbsp;2503 | &nbsp;&nbsp;&nbsp;&nbsp;16945 |
| Mineralys Therapeutics, Inc. (A) | &nbsp;&nbsp;1266 | &nbsp;&nbsp;&nbsp;&nbsp;45943 |
| Mirati Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3189 |
| Mirum Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;792 | &nbsp;&nbsp;&nbsp;&nbsp;62560 |
| Moderna, Inc. (A) | &nbsp;&nbsp;6129 | &nbsp;&nbsp;&nbsp;&nbsp;180744 |
| Monopar Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7248 |
| Monte Rosa Therapeutics, Inc. (A) | &nbsp;&nbsp;1011 | &nbsp;&nbsp;&nbsp;&nbsp;15852 |
| Myriad Genetics, Inc. (A) | &nbsp;&nbsp;1557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9576 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 155 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Natera, Inc. (A) | &nbsp;&nbsp;2157 | $&nbsp;&nbsp;&nbsp;&nbsp;494147 |
| Neurocrine Biosciences, Inc. (A) | &nbsp;&nbsp;1553 | &nbsp;&nbsp;&nbsp;&nbsp;220262 |
| Neurogene, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5006 |
| Nkarta, Inc. (A) | &nbsp;&nbsp;1468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2716 |
| Novavax, Inc. (A)(C) | &nbsp;&nbsp;2581 | &nbsp;&nbsp;&nbsp;&nbsp;17344 |
| Nurix Therapeutics, Inc. (A) | &nbsp;&nbsp;1642 | &nbsp;&nbsp;&nbsp;&nbsp;31149 |
| Nuvalent, Inc., Class A (A) | &nbsp;&nbsp;1055 | &nbsp;&nbsp;&nbsp;&nbsp;106122 |
| Ocugen, Inc. (A)(C) | &nbsp;&nbsp;5289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7140 |
| Olema Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;31250 |
| Organogenesis Holdings, Inc. (A) | &nbsp;&nbsp;2133 | &nbsp;&nbsp;&nbsp;&nbsp;11049 |
| ORIC Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1616 | &nbsp;&nbsp;&nbsp;&nbsp;13219 |
| Oruka Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;791 | &nbsp;&nbsp;&nbsp;&nbsp;23975 |
| Ovid therapeutics, Inc. (A) | &nbsp;&nbsp;1583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2580 |
| Palvella Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;20411 |
| Paratek Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 |
| Pardes Biosciences, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| PDL BioPharma, Inc. (A)(B) | &nbsp;&nbsp;1734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277 |
| PepGen, Inc. (A) | &nbsp;&nbsp;1163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7571 |
| Perspective Therapeutics, Inc. (A) | &nbsp;&nbsp;1358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3735 |
| Plus Therapeutics, Inc. (A) | &nbsp;&nbsp;2438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1249 |
| Praxis Precision Medicines, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp;116422 |
| Precigen, Inc. (A) | &nbsp;&nbsp;4825 | &nbsp;&nbsp;&nbsp;&nbsp;20169 |
| Prelude Therapeutics, Inc. (A) | &nbsp;&nbsp;1227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3558 |
| Prime Medicine, Inc. (A)(C) | &nbsp;&nbsp;2999 | &nbsp;&nbsp;&nbsp;&nbsp;10407 |
| ProKidney Corp. (A)(C) | &nbsp;&nbsp;2354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5273 |
| Protagonist Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;988 | &nbsp;&nbsp;&nbsp;&nbsp;86292 |
| Protara Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4003 |
| Prothena Corp. PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8843 |
| PTC Therapeutics, Inc. (A) | &nbsp;&nbsp;1251 | &nbsp;&nbsp;&nbsp;&nbsp;95026 |
| Puma Biotechnology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5379 |
| Pyxis Oncology, Inc. (A) | &nbsp;&nbsp;1174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1350 |
| Quince Therapeutics, Inc. (A) | &nbsp;&nbsp;1096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3672 |
| RAPT Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;451 | &nbsp;&nbsp;&nbsp;&nbsp;15275 |
| Recursion Pharmaceuticals, Inc., Class A (A)(C) | &nbsp;&nbsp;8136 | &nbsp;&nbsp;&nbsp;&nbsp;33276 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;1637 | 1263551 |
| REGENXBIO, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;857 | &nbsp;&nbsp;&nbsp;&nbsp;12341 |
| Regulus Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1658 |
| Relay Therapeutics, Inc. (A) | &nbsp;&nbsp;2874 | &nbsp;&nbsp;&nbsp;&nbsp;24314 |
| Replimune Group, Inc. (A) | &nbsp;&nbsp;1286 | &nbsp;&nbsp;&nbsp;&nbsp;12500 |
| REVOLUTION Medicines, Inc. (A) | &nbsp;&nbsp;2954 | &nbsp;&nbsp;&nbsp;&nbsp;235286 |
| Rezolute, Inc. (A) | &nbsp;&nbsp;1770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4177 |
| Rhythm Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;112071 |
| Rigel Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;12421 |
| Rocket Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7231 |
| Sage Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201 |
| Sagimet Biosciences, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2350 |
| Sana Biotechnology, Inc. (A) | &nbsp;&nbsp;4285 | &nbsp;&nbsp;&nbsp;&nbsp;17440 |
| Sangamo Therapeutics, Inc. (A) | &nbsp;&nbsp;5965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2505 |
| Sarepta Therapeutics, Inc. (A) | &nbsp;&nbsp;1543 | &nbsp;&nbsp;&nbsp;&nbsp;33205 |
| Savara, Inc. (A) | &nbsp;&nbsp;2934 | &nbsp;&nbsp;&nbsp;&nbsp;17692 |
| Scholar Rock Holding Corp. (A) | &nbsp;&nbsp;1523 | &nbsp;&nbsp;&nbsp;&nbsp;67088 |
| SELLAS Life Sciences Group, Inc. (A)(C) | &nbsp;&nbsp;2502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9433 |
| Seres Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2604 |
| Sionna Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;709 | &nbsp;&nbsp;&nbsp;&nbsp;29168 |
| Soleno Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;849 | &nbsp;&nbsp;&nbsp;&nbsp;39309 |
| Solid Biosciences, Inc. (A) | &nbsp;&nbsp;1330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7501 |
| Spectrum Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;3285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Spyre Therapeutics, Inc. (A) | &nbsp;&nbsp;1249 | &nbsp;&nbsp;&nbsp;&nbsp;40917 |
| Stoke Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;27773 |
| Summit Therapeutics, Inc. (A) | 11718 | &nbsp;&nbsp;&nbsp;&nbsp;204948 |
| Surrozen, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3955 |
| Syndax Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1379 | &nbsp;&nbsp;&nbsp;&nbsp;28973 |
| Synergy Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;6230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 |
| Tango Therapeutics, Inc. (A) | &nbsp;&nbsp;2176 | &nbsp;&nbsp;&nbsp;&nbsp;19279 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Biotechnology (continued)** | **Biotechnology (continued)** |  |
| Taysha Gene Therapies, Inc. (A) | &nbsp;&nbsp;4361 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23986 |
| Tectonic Therapeutic, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7051 |
| Tectonic Therapeutic, Inc., CVR (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Tenaya Therapeutics, Inc. (A) | &nbsp;&nbsp;3110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2213 |
| TG Therapeutics, Inc. (A) | &nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74555 |
| Tonix Pharmaceuticals Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2968 |
| Travere Therapeutics, Inc. (A) | &nbsp;&nbsp;1413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53991 |
| Twist Bioscience Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30324 |
| Tyra Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23372 |
| Ultragenyx Pharmaceutical, Inc. (A) | &nbsp;&nbsp;1562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35926 |
| Unicycive Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2747 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;345948 |
| Upstream Bio, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23756 |
| UroGen Pharma, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17424 |
| Vanda Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9878 |
| Vaxcyte, Inc. (A) | &nbsp;&nbsp;2066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95325 |
| Vera Therapeutics, Inc. (A) | &nbsp;&nbsp;1009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51096 |
| Veracyte, Inc. (A) | &nbsp;&nbsp;1243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52330 |
| Verastem, Inc. (A) | &nbsp;&nbsp;1231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9503 |
| Vericel Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28952 |
| Vertex Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;4030 | &nbsp;&nbsp;&nbsp;1827041 |
| Verve Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001 |
| Vigil Neuroscience, Inc. (A)(B) | &nbsp;&nbsp;1011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51 |
| Viking Therapeutics, Inc. (A) | &nbsp;&nbsp;1776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62480 |
| Vir Biotechnology, Inc. (A) | &nbsp;&nbsp;2436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14689 |
| Viridian Therapeutics, Inc. (A) | &nbsp;&nbsp;1534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47738 |
| Vistagen Therapeutics, Inc. (A) | &nbsp;&nbsp;2160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1430 |
| Vor BioPharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4670 |
| Voyager Therapeutics, Inc. (A) | &nbsp;&nbsp;1206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4740 |
| Walgreens Boots Alliance, Inc. (A)(B) | 14372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7617 |
| X4 Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5812 |
| Xencor, Inc. (A) | &nbsp;&nbsp;1187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18173 |
| XOMA Royalty Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7126 |
| Zenas Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31299 |
| Zura Bio, Ltd. (A) | &nbsp;&nbsp;1158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6068 |
| Zymeworks, Inc. (A) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33149 |
|  |  | 25208906 |
| **Health care equipment and supplies – 1.9%** | **Health care equipment and supplies – 1.9%** |  |
| Abbott Laboratories | 27393 | &nbsp;&nbsp;&nbsp;3432069 |
| ABIOMED, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12230 |
| Align Technology, Inc. (A) | &nbsp;&nbsp;1141 | &nbsp;&nbsp;&nbsp;&nbsp;178167 |
| Alphatec Holdings, Inc. (A) | &nbsp;&nbsp;2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49444 |
| AngioDynamics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9348 |
| Artivion, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34892 |
| AtriCure, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31885 |
| Avanos Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10938 |
| Axogen, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24286 |
| Baxter International, Inc. | &nbsp;&nbsp;8090 | &nbsp;&nbsp;&nbsp;&nbsp;154600 |
| Becton, Dickinson and Company | &nbsp;&nbsp;4498 | &nbsp;&nbsp;&nbsp;&nbsp;872927 |
| Beta Bionics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21451 |
| Bioventus, Inc., Class A (A) | &nbsp;&nbsp;1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9560 |
| Boston Scientific Corp. (A) | 23304 | &nbsp;&nbsp;&nbsp;2222036 |
| Butterfly Network, Inc. (A) | &nbsp;&nbsp;3696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14045 |
| CapsoVision, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8434 |
| Carlsmed, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6484 |
| Ceribell, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14057 |
| Cerus Corp. (A) | &nbsp;&nbsp;3891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8015 |
| ClearPoint Neuro, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6690 |
| CONMED Corp. | &nbsp;&nbsp;&nbsp;&nbsp;504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20462 |
| CVRx, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3628 |
| Delcath Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6191 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp;3263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37296 |
| DexCom, Inc. (A) | &nbsp;&nbsp;6169 | &nbsp;&nbsp;&nbsp;&nbsp;409437 |
| Edwards Lifesciences Corp. (A) | &nbsp;&nbsp;9237 | &nbsp;&nbsp;&nbsp;&nbsp;787454 |
| Embecta Corp. | &nbsp;&nbsp;&nbsp;&nbsp;998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11856 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 156 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| Enovis Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;938 | $&nbsp;&nbsp;&nbsp;&nbsp;24988 |
| Envista Holdings Corp. (A) | &nbsp;&nbsp;2620 | &nbsp;&nbsp;&nbsp;&nbsp;56880 |
| Fractyl Health, Inc. (A) | &nbsp;&nbsp;2434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5355 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;7174 | &nbsp;&nbsp;&nbsp;&nbsp;588411 |
| Glaukos Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;102184 |
| Globus Medical, Inc., Class A (A) | &nbsp;&nbsp;2110 | &nbsp;&nbsp;&nbsp;&nbsp;184224 |
| Haemonetics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;761 | &nbsp;&nbsp;&nbsp;&nbsp;60994 |
| HeartBeam, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613 |
| Hologic, Inc. (A) | &nbsp;&nbsp;3479 | &nbsp;&nbsp;&nbsp;&nbsp;259151 |
| ICU Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;392 | &nbsp;&nbsp;&nbsp;&nbsp;55927 |
| IDEXX Laboratories, Inc. (A) | &nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;851751 |
| Inspire Medical Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;43071 |
| Insulet Corp. (A) | &nbsp;&nbsp;1107 | &nbsp;&nbsp;&nbsp;&nbsp;314654 |
| Integer Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;559 | &nbsp;&nbsp;&nbsp;&nbsp;43842 |
| Integra LifeSciences Holdings Corp. (A) | &nbsp;&nbsp;1297 | &nbsp;&nbsp;&nbsp;&nbsp;16109 |
| Intuitive Surgical, Inc. (A) | &nbsp;&nbsp;5641 | 3194837 |
| iRadimed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;&nbsp;&nbsp;22666 |
| iRhythm Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;507 | &nbsp;&nbsp;&nbsp;&nbsp;89962 |
| Kestra Medical Technologies, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;842 | &nbsp;&nbsp;&nbsp;&nbsp;22330 |
| Lantheus Holdings, Inc. (A) | &nbsp;&nbsp;1069 | &nbsp;&nbsp;&nbsp;&nbsp;71142 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;368 | &nbsp;&nbsp;&nbsp;&nbsp;29845 |
| LivaNova PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;52916 |
| Masimo Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;858 | &nbsp;&nbsp;&nbsp;&nbsp;111591 |
| Medtronic PLC | 20177 | 1938203 |
| Merit Medical Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;81089 |
| Microbot Medical, Inc. (A) | &nbsp;&nbsp;1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2560 |
| Neogen Corp. (A) | &nbsp;&nbsp;3535 | &nbsp;&nbsp;&nbsp;&nbsp;24710 |
| Neuronetics, Inc. (A) | &nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1863 |
| NeuroPace, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9032 |
| Omnicell, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;739 | &nbsp;&nbsp;&nbsp;&nbsp;33477 |
| OraSure Technologies, Inc. (A) | &nbsp;&nbsp;1971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4770 |
| Orthofix Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;12643 |
| OrthoPediatrics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8933 |
| Outset Medical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1525 |
| Owlet, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8807 |
| Paragon 28, Inc. (A)(B) | &nbsp;&nbsp;1430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 |
| Penumbra, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;614 | &nbsp;&nbsp;&nbsp;&nbsp;190899 |
| PROCEPT BioRobotics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;27968 |
| Pro-Dex, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2578 |
| Pulmonx Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2004 |
| Pulse Biosciences, Inc. (A)(C) | &nbsp;&nbsp;1155 | &nbsp;&nbsp;&nbsp;&nbsp;15858 |
| QuidelOrtho Corp. (A) | &nbsp;&nbsp;1088 | &nbsp;&nbsp;&nbsp;&nbsp;31073 |
| ResMed, Inc. | &nbsp;&nbsp;2301 | &nbsp;&nbsp;&nbsp;&nbsp;554242 |
| RxSight, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7398 |
| SANUWAVE Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4655 |
| Semler Scientific, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3960 |
| Senseonics Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4372 |
| Sharps Technology, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1052 |
| Shoulder Innovations, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5477 |
| SI-BONE, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;734 | &nbsp;&nbsp;&nbsp;&nbsp;14474 |
| Solventum Corp. (A) | &nbsp;&nbsp;2735 | &nbsp;&nbsp;&nbsp;&nbsp;216721 |
| STAAR Surgical Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;18888 |
| STERIS PLC | &nbsp;&nbsp;1550 | &nbsp;&nbsp;&nbsp;&nbsp;392956 |
| Streamex Corp. (A) | &nbsp;&nbsp;2393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7251 |
| Stryker Corp. | &nbsp;&nbsp;6018 | 2115146 |
| Tactile Systems Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;11513 |
| Tandem Diabetes Care, Inc. (A) | &nbsp;&nbsp;1085 | &nbsp;&nbsp;&nbsp;&nbsp;23848 |
| Teleflex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;85062 |
| The Cooper Companies, Inc. (A) | &nbsp;&nbsp;3125 | &nbsp;&nbsp;&nbsp;&nbsp;256125 |
| TransMedics Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;65083 |
| Treace Medical Concepts, Inc. (A) | &nbsp;&nbsp;1413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3462 |
| UFP Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;26866 |
| Varex Imaging Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8831 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care equipment and supplies (continued)** | **Health care equipment and supplies (continued)** |  |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;3108 | $&nbsp;&nbsp;&nbsp;&nbsp;279471 |
|  |  | 21107299 |
| **Health care providers and services – 1.6%** | **Health care providers and services – 1.6%** |  |
| Acadia Healthcare Company, Inc. (A) | &nbsp;&nbsp;1464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20774 |
| Aceto Corp. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| AdaptHealth Corp. (A) | &nbsp;&nbsp;2197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21882 |
| Addus HomeCare Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30928 |
| agilon health, Inc. (A) | &nbsp;&nbsp;7316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5039 |
| AirSculpt Technologies, Inc. (A) | &nbsp;&nbsp;1213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2402 |
| Alignment Healthcare, Inc. (A) | &nbsp;&nbsp;3166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62529 |
| AMN Healthcare Services, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9818 |
| Ardent Health, Inc. (A) | &nbsp;&nbsp;2359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20830 |
| Astrana Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20692 |
| Aveanna Healthcare Holdings, Inc. (A) | &nbsp;&nbsp;3371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27541 |
| BrightSpring Health Services, Inc. (A) | &nbsp;&nbsp;2841 | &nbsp;&nbsp;&nbsp;&nbsp;106395 |
| Brookdale Senior Living, Inc. (A) | &nbsp;&nbsp;3791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40905 |
| Cardinal Health, Inc. | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;770625 |
| Castle Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18205 |
| Cencora, Inc. | &nbsp;&nbsp;3042 | &nbsp;&nbsp;&nbsp;1027436 |
| Centene Corp. (A) | &nbsp;&nbsp;7735 | &nbsp;&nbsp;&nbsp;&nbsp;318295 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97124 |
| Clover Health Investments Corp. (A) | &nbsp;&nbsp;6780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15933 |
| Community Health Systems, Inc. (A) | &nbsp;&nbsp;2372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7401 |
| Concentra Group Holdings Parent, Inc. | &nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39754 |
| CorVel Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56098 |
| Cross Country Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200 |
| CVS Health Corp. | 19951 | &nbsp;&nbsp;&nbsp;1583311 |
| DaVita, Inc. (A) | &nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;&nbsp;126221 |
| DocGo, Inc. (A) | &nbsp;&nbsp;2798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2456 |
| Elevance Health, Inc. | &nbsp;&nbsp;3540 | &nbsp;&nbsp;&nbsp;1240947 |
| Encompass Health Corp. | &nbsp;&nbsp;1565 | &nbsp;&nbsp;&nbsp;&nbsp;166109 |
| Enhabit, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8316 |
| Fulgent Genetics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13949 |
| GeneDx Holdings Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58917 |
| Guardant Health, Inc. (A) | &nbsp;&nbsp;1966 | &nbsp;&nbsp;&nbsp;&nbsp;200807 |
| Guardian Pharmacy Services, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17994 |
| HCA Healthcare, Inc. | &nbsp;&nbsp;3678 | &nbsp;&nbsp;&nbsp;1717111 |
| HealthEquity, Inc. (A) | &nbsp;&nbsp;1353 | &nbsp;&nbsp;&nbsp;&nbsp;123948 |
| Henry Schein, Inc. (A) | &nbsp;&nbsp;1894 | &nbsp;&nbsp;&nbsp;&nbsp;143149 |
| Hims & Hers Health, Inc. (A) | &nbsp;&nbsp;3420 | &nbsp;&nbsp;&nbsp;&nbsp;111047 |
| Hinge Health, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28009 |
| Humana, Inc. | &nbsp;&nbsp;1891 | &nbsp;&nbsp;&nbsp;&nbsp;484342 |
| InfuSystem Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3732 |
| Innovage Holding Corp. (A) | &nbsp;&nbsp;1986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10307 |
| Kindly MD, Inc. (A) | &nbsp;&nbsp;6104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2143 |
| Labcorp Holdings, Inc. | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;326144 |
| LifeStance Health Group, Inc. (A) | &nbsp;&nbsp;6314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44451 |
| McKesson Corp. | &nbsp;&nbsp;1955 | &nbsp;&nbsp;&nbsp;1603667 |
| Molina Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;147683 |
| National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35095 |
| National Research Corp. | &nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8109 |
| NeoGenomics, Inc. (A) | &nbsp;&nbsp;2093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24614 |
| Nutex Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18602 |
| Omada Health, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15433 |
| OPKO Health, Inc. (A) | 14391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18133 |
| Option Care Health, Inc. (A) | &nbsp;&nbsp;2532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80670 |
| Owens & Minor, Inc. (A) | &nbsp;&nbsp;1415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3962 |
| PACS Group, Inc. (A) | &nbsp;&nbsp;2483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95322 |
| Pediatrix Medical Group, Inc. (A) | &nbsp;&nbsp;1401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29967 |
| Privia Health Group, Inc. (A) | &nbsp;&nbsp;1965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46590 |
| Progyny, Inc. (A) | &nbsp;&nbsp;1366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35079 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;1745 | &nbsp;&nbsp;&nbsp;&nbsp;302810 |
| Quipt Home Medical Corp. (A) | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3696 |
| RadNet, Inc. (A) | &nbsp;&nbsp;1212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86476 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 157 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Health care providers and services (continued)** | **Health care providers and services (continued)** |  |
| Select Medical Holdings Corp. | &nbsp;&nbsp;1984 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29462 |
| Sonida Senior Living, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9848 |
| Strata Critical Medical, Inc. (A) | &nbsp;&nbsp;1470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7071 |
| Surgery Partners, Inc. (A) | &nbsp;&nbsp;2065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31904 |
| Talkspace, Inc. (A) | &nbsp;&nbsp;2926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10621 |
| Tenet Healthcare Corp. (A) | &nbsp;&nbsp;1384 | &nbsp;&nbsp;&nbsp;&nbsp;275028 |
| The Cigna Group | &nbsp;&nbsp;4196 | &nbsp;&nbsp;&nbsp;1154865 |
| The Ensign Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;899 | &nbsp;&nbsp;&nbsp;&nbsp;156606 |
| The Oncology Institute, Inc. (A) | &nbsp;&nbsp;1655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5892 |
| The Pennant Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16355 |
| UnitedHealth Group, Inc. | 14246 | &nbsp;&nbsp;&nbsp;4702747 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;877 | &nbsp;&nbsp;&nbsp;&nbsp;191204 |
| US Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19601 |
| Viemed Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6501 |
|  |  | 18312829 |
| **Health care technology – 0.1%** | **Health care technology – 0.1%** |  |
| Certara, Inc. (A) | &nbsp;&nbsp;2639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23250 |
| Claritev Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11714 |
| Doximity, Inc., Class A (A) | &nbsp;&nbsp;2154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95379 |
| Evolent Health, Inc., Class A (A) | &nbsp;&nbsp;2005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8020 |
| GoodRx Holdings, Inc., Class A (A) | &nbsp;&nbsp;1927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5222 |
| Health Catalyst, Inc. (A) | &nbsp;&nbsp;1698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4058 |
| HealthStream, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13542 |
| LifeMD, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3083 |
| OneMedNet Corp. (A) | &nbsp;&nbsp;1166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1283 |
| OptimizeRx Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4316 |
| Phreesia, Inc. (A) | &nbsp;&nbsp;1011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17106 |
| Schrodinger, Inc. (A) | &nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19078 |
| Simulations Plus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6490 |
| Teladoc Health, Inc. (A) | &nbsp;&nbsp;2881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20167 |
| TruBridge, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6996 |
| Veeva Systems, Inc., Class A (A) | &nbsp;&nbsp;2582 | &nbsp;&nbsp;&nbsp;&nbsp;576380 |
| Waystar Holding Corp. (A) | &nbsp;&nbsp;3021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98938 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;915022 |
| **Life sciences tools and services – 0.9%** | **Life sciences tools and services – 0.9%** |  |
| 10X Genomics, Inc., Class A (A) | &nbsp;&nbsp;1823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29733 |
| Adaptive Biotechnologies Corp. (A) | &nbsp;&nbsp;2433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39512 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;4442 | &nbsp;&nbsp;&nbsp;&nbsp;604423 |
| Avantor, Inc. (A) | 10685 | &nbsp;&nbsp;&nbsp;&nbsp;122450 |
| Azenta, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24413 |
| BioLife Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19102 |
| Bio-Rad Laboratories, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;348 | &nbsp;&nbsp;&nbsp;&nbsp;105441 |
| Bio-Techne Corp. | &nbsp;&nbsp;2425 | &nbsp;&nbsp;&nbsp;&nbsp;142614 |
| Bruker Corp. | &nbsp;&nbsp;2377 | &nbsp;&nbsp;&nbsp;&nbsp;111980 |
| Charles River Laboratories International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;768 | &nbsp;&nbsp;&nbsp;&nbsp;153201 |
| Codexis, Inc. (A) | &nbsp;&nbsp;2012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3280 |
| CryoPort, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8448 |
| Cytek Biosciences, Inc. (A) | &nbsp;&nbsp;2207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11145 |
| Danaher Corp. | 11259 | &nbsp;&nbsp;&nbsp;2577410 |
| Fortrea Holdings, Inc. (A) | &nbsp;&nbsp;1447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24961 |
| Ginkgo Bioworks Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6432 |
| Illumina, Inc. (A) | &nbsp;&nbsp;2414 | &nbsp;&nbsp;&nbsp;&nbsp;316620 |
| IQVIA Holdings, Inc. (A) | &nbsp;&nbsp;2664 | &nbsp;&nbsp;&nbsp;&nbsp;600492 |
| Lifecore Biomedical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5931 |
| Maravai LifeSciences Holdings, Inc., Class A (A) | &nbsp;&nbsp;2609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8479 |
| MaxCyte, Inc. (A) | &nbsp;&nbsp;2615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4053 |
| Medpace Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;&nbsp;246564 |
| Mesa Laboratories, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7615 |
| Mettler-Toledo International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;322 | &nbsp;&nbsp;&nbsp;&nbsp;448929 |
| Niagen Bioscience, Inc. (A) | &nbsp;&nbsp;1309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8325 |
| OmniAb, Inc., $12.50 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 |
| OmniAb, Inc., $15.00 Earnout Shares (A) | &nbsp;&nbsp;&nbsp;&nbsp;117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 |
| Pacific Biosciences of California, Inc. (A) | &nbsp;&nbsp;4940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9238 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Life sciences tools and services (continued)** | **Life sciences tools and services (continued)** |  |
| Personalis, Inc. (A) | &nbsp;&nbsp;1454 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11574 |
| Quanterix Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5349 |
| Quantum-Si, Inc. (A) | &nbsp;&nbsp;3255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3581 |
| Repligen Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp;144197 |
| Revvity, Inc. | &nbsp;&nbsp;1807 | &nbsp;&nbsp;&nbsp;&nbsp;174827 |
| Sotera Health Company (A) | &nbsp;&nbsp;4531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79927 |
| Standard BioTools, Inc. (A) | &nbsp;&nbsp;6759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8652 |
| Tempus AI, Inc. (A) | &nbsp;&nbsp;2650 | &nbsp;&nbsp;&nbsp;&nbsp;156483 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;5937 | &nbsp;&nbsp;&nbsp;3440195 |
| Waters Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;931 | &nbsp;&nbsp;&nbsp;&nbsp;353622 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;311183 |
|  |  | 10330546 |
| **Pharmaceuticals – 3.1%** | **Pharmaceuticals – 3.1%** |  |
| Aardvark Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4974 |
| Aclaris Therapeutics, Inc. (A) | &nbsp;&nbsp;2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6155 |
| Alexza Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;2067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 |
| Alto Neuroscience, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9220 |
| Alumis, Inc. (A) | &nbsp;&nbsp;1567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15294 |
| Amneal Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;5077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63970 |
| Amphastar Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19576 |
| Amylyx Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21659 |
| ANI Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26445 |
| Aquestive Therapeutics, Inc. (A) | &nbsp;&nbsp;2011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12991 |
| Arvinas, Inc. (A) | &nbsp;&nbsp;1076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12761 |
| Aspire Biopharma Holdings, Inc. (A) | &nbsp;&nbsp;2118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
| Atea Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;2137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7629 |
| Axsome Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;784 | &nbsp;&nbsp;&nbsp;&nbsp;143190 |
| BioAge Labs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8428 |
| Bristol-Myers Squibb Company | 31989 | &nbsp;&nbsp;&nbsp;1725487 |
| Cassava Sciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1616 |
| Cognition Therapeutics, Inc. (A) | &nbsp;&nbsp;1629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2199 |
| Collegium Pharmaceutical, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23104 |
| Contineum Therapeutics, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4949 |
| Corcept Therapeutics, Inc. (A) | &nbsp;&nbsp;1668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58046 |
| CorMedix, Inc. (A) | &nbsp;&nbsp;1185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13782 |
| Crinetics Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69965 |
| Edgewise Therapeutics, Inc. (A) | &nbsp;&nbsp;1684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41788 |
| Elanco Animal Health, Inc. (A) | &nbsp;&nbsp;7802 | &nbsp;&nbsp;&nbsp;&nbsp;176559 |
| Eli Lilly & Company | 14891 | 16003060 |
| Enliven Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15200 |
| Esperion Therapeutics, Inc. (A) | &nbsp;&nbsp;3865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14301 |
| Eton Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8083 |
| Evolus, Inc. (A) | &nbsp;&nbsp;1096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7288 |
| EyePoint, Inc. (A) | &nbsp;&nbsp;1348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24628 |
| Fulcrum Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10315 |
| Harmony Biosciences Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34052 |
| Harrow, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28763 |
| Imara, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 |
| Indivior PLC (A) | &nbsp;&nbsp;1972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70755 |
| Innoviva, Inc. (A) | &nbsp;&nbsp;1177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23528 |
| Jazz Pharmaceuticals PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;952 | &nbsp;&nbsp;&nbsp;&nbsp;161840 |
| Johnson & Johnson | 37890 | &nbsp;&nbsp;&nbsp;7841336 |
| LB Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10818 |
| LENZ Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8448 |
| Lexicon Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;6264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7204 |
| Ligand Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58612 |
| Liquidia Corp. (A) | &nbsp;&nbsp;1366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47113 |
| Maze Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32191 |
| MBX Biosciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22772 |
| Merck & Company, Inc. | 39284 | &nbsp;&nbsp;&nbsp;4135034 |
| Mind Medicine MindMed, Inc. (A) | &nbsp;&nbsp;1606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21504 |
| Nektar Therapeutics (A) | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13022 |
| Neumora Therapeutics, Inc. (A) | &nbsp;&nbsp;2957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5293 |
| Nuvation Bio, Inc. (A) | &nbsp;&nbsp;5450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48832 |
| Ocular Therapeutix, Inc. (A) | &nbsp;&nbsp;3403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41312 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 158 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |  |
| Omeros Corp. (A)(C) | &nbsp;&nbsp;1140 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19580 |
| Opiant Pharmaceuticals, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57 |
| Optinose, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138 |
| Organon & Company | &nbsp;&nbsp;4136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29655 |
| Pacira BioSciences, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18608 |
| Perrigo Company PLC | &nbsp;&nbsp;2170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30206 |
| Pfizer, Inc. | 89262 | &nbsp;&nbsp;&nbsp;&nbsp;2222624 |
| Phathom Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18929 |
| Phibro Animal Health Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12590 |
| Pliant Therapeutics, Inc. (A) | &nbsp;&nbsp;1615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1970 |
| Poseida Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;1586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793 |
| Prestige Consumer Healthcare, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46576 |
| Prevail Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Rapport Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23787 |
| Relmada Therapeutics, Inc. (A) | &nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5970 |
| Reviva Pharmaceuticals Holdings, Inc. (A) | &nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586 |
| Royalty Pharma PLC, Class A | &nbsp;&nbsp;6770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261593 |
| Scilex Holding Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1684 |
| Septerna, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20297 |
| SIGA Technologies, Inc. | &nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7552 |
| Supernus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44183 |
| Tarsus Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54860 |
| Telomir Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347 |
| Terns Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55954 |
| Theravance Biopharma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17269 |
| Tilray Brands, Inc. (A) | &nbsp;&nbsp;1749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15793 |
| Tobira Therapeutics, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Trevi Therapeutics, Inc. (A) | &nbsp;&nbsp;2067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25879 |
| Turn Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2522 |
| Ventyx Biosciences, Inc. (A) | &nbsp;&nbsp;1181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10664 |
| Verrica Pharmaceuticals, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1645 |
| Viatris, Inc. | 18292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227735 |
| Xeris Biopharma Holdings, Inc. (A) | &nbsp;&nbsp;2599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20402 |
| Zevra Therapeutics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8924 |
| Zoetis, Inc. | &nbsp;&nbsp;6957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875330 |
|  |  | &nbsp;&nbsp;&nbsp;35251236 |
|  |  | 111125838 |
| **Industrials – 9.0%** |  |  |
| **Aerospace and defense – 2.2%** | **Aerospace and defense – 2.2%** |  |
| AAR Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51744 |
| AeroVironment, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190126 |
| AerSale Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6427 |
| AIRO Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4344 |
| Archer Aviation, Inc., Class A (A) | 11560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86931 |
| Astronics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26849 |
| ATI, Inc. (A) | &nbsp;&nbsp;2163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248226 |
| Axon Enterprise, Inc. (A) | &nbsp;&nbsp;1235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701394 |
| BWX Technologies, Inc. | &nbsp;&nbsp;1434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247853 |
| Byrna Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6279 |
| Cadre Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26954 |
| Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246520 |
| CPI Aerostructures, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2451 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325801 |
| Ducommun, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24068 |
| Eve Holding, Inc. (A)(C) | &nbsp;&nbsp;5736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22887 |
| General Dynamics Corp. | &nbsp;&nbsp;4229 | &nbsp;&nbsp;&nbsp;&nbsp;1423735 |
| General Electric Company | 16684 | &nbsp;&nbsp;&nbsp;&nbsp;5139173 |
| HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269874 |
| HEICO Corp., Class A | &nbsp;&nbsp;1374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346839 |
| Hexcel Corp. | &nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91488 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp;6338 | &nbsp;&nbsp;&nbsp;&nbsp;1299417 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208803 |
| Innovative Solutions and Support, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6572 |
| Intuitive Machines, Inc. (A) | &nbsp;&nbsp;1876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30447 |
| Karman Holdings, Inc. (A) | &nbsp;&nbsp;2094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153218 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Aerospace and defense (continued)** | **Aerospace and defense (continued)** |  |
| Kratos Defense & Security Solutions, Inc. (A) | &nbsp;&nbsp;2662 | $&nbsp;&nbsp;&nbsp;&nbsp;202072 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;2937 | &nbsp;&nbsp;&nbsp;&nbsp;862215 |
| Leonardo DRS, Inc. | &nbsp;&nbsp;4224 | &nbsp;&nbsp;&nbsp;&nbsp;143996 |
| Loar Holdings, Inc. (A) | &nbsp;&nbsp;1476 | &nbsp;&nbsp;&nbsp;&nbsp;100368 |
| Lockheed Martin Corp. | &nbsp;&nbsp;3671 | &nbsp;&nbsp;&nbsp;1775553 |
| Mercury Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69433 |
| Moog, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;109354 |
| National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14306 |
| Northrop Grumman Corp. | &nbsp;&nbsp;2252 | &nbsp;&nbsp;&nbsp;1284113 |
| Redwire Corp. (A)(C) | &nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20201 |
| Rocket Lab Corp. (A) | &nbsp;&nbsp;7592 | &nbsp;&nbsp;&nbsp;&nbsp;529618 |
| RTX Corp. | 21066 | &nbsp;&nbsp;&nbsp;3863504 |
| StandardAero, Inc. (A) | &nbsp;&nbsp;5272 | &nbsp;&nbsp;&nbsp;&nbsp;151201 |
| Textron, Inc. | &nbsp;&nbsp;2744 | &nbsp;&nbsp;&nbsp;&nbsp;239194 |
| The Boeing Company (A) | 11895 | &nbsp;&nbsp;&nbsp;2582642 |
| TransDigm Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;887 | &nbsp;&nbsp;&nbsp;1179577 |
| V2X, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28421 |
| Virgin Galactic Holdings, Inc. (A)(C) | &nbsp;&nbsp;1177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3778 |
| Voyager Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22428 |
| VSE Corp. | &nbsp;&nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62543 |
| Woodward, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;942 | &nbsp;&nbsp;&nbsp;&nbsp;284785 |
|  |  | 24717722 |
| **Air freight and logistics – 0.3%** | **Air freight and logistics – 0.3%** |  |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp;1868 | &nbsp;&nbsp;&nbsp;&nbsp;300300 |
| Expeditors International of Washington, Inc. | &nbsp;&nbsp;2154 | &nbsp;&nbsp;&nbsp;&nbsp;320968 |
| FedEx Corp. | &nbsp;&nbsp;3720 | &nbsp;&nbsp;&nbsp;1074559 |
| Forward Air Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12800 |
| GXO Logistics, Inc. (A) | &nbsp;&nbsp;1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95805 |
| Hub Group, Inc., Class A | &nbsp;&nbsp;1021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43505 |
| United Parcel Service, Inc., Class B | 11654 | &nbsp;&nbsp;&nbsp;1155960 |
|  |  | &nbsp;&nbsp;&nbsp;3003897 |
| **Building products – 0.5%** | **Building products – 0.5%** |  |
| A.O. Smith Corp. | &nbsp;&nbsp;1764 | &nbsp;&nbsp;&nbsp;&nbsp;117976 |
| AAON, Inc. | &nbsp;&nbsp;1287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98134 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;1223 | &nbsp;&nbsp;&nbsp;&nbsp;177127 |
| Allegion PLC | &nbsp;&nbsp;1335 | &nbsp;&nbsp;&nbsp;&nbsp;212559 |
| American Woodmark Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13745 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13362 |
| Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;&nbsp;128610 |
| AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50589 |
| Builders FirstSource, Inc. (A) | &nbsp;&nbsp;1730 | &nbsp;&nbsp;&nbsp;&nbsp;178000 |
| Carlisle Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;669 | &nbsp;&nbsp;&nbsp;&nbsp;213986 |
| Carrier Global Corp. | 13386 | &nbsp;&nbsp;&nbsp;&nbsp;707316 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77492 |
| Fortune Brands Innovations, Inc. | &nbsp;&nbsp;1877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93888 |
| Gibraltar Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24127 |
| Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53544 |
| Hayward Holdings, Inc. (A) | &nbsp;&nbsp;3448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53272 |
| Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11813 |
| Janus International Group, Inc. (A) | &nbsp;&nbsp;2352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15382 |
| JELD-WEN Holding, Inc. (A) | &nbsp;&nbsp;1701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4184 |
| Johnson Controls International PLC | 10289 | &nbsp;&nbsp;&nbsp;1232108 |
| Lennox International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;267069 |
| Masco Corp. | &nbsp;&nbsp;3261 | &nbsp;&nbsp;&nbsp;&nbsp;206943 |
| Masterbrand, Inc. (A) | &nbsp;&nbsp;2151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23747 |
| Modine Manufacturing Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;824 | &nbsp;&nbsp;&nbsp;&nbsp;110012 |
| Owens Corning | &nbsp;&nbsp;1305 | &nbsp;&nbsp;&nbsp;&nbsp;146043 |
| Quanex Building Products Corp. | &nbsp;&nbsp;&nbsp;&nbsp;787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12104 |
| Resideo Technologies, Inc. (A) | &nbsp;&nbsp;2360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82883 |
| Simpson Manufacturing Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;658 | &nbsp;&nbsp;&nbsp;&nbsp;106247 |
| Trane Technologies PLC | &nbsp;&nbsp;3497 | &nbsp;&nbsp;&nbsp;1361032 |
| Trex Company, Inc. (A) | &nbsp;&nbsp;1705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59811 |
| UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86862 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 159 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Building products (continued)** | **Building products (continued)** |  |
| Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;2679 | $&nbsp;&nbsp;&nbsp;&nbsp;124547 |
|  |  | 6064514 |
| **Commercial services and supplies – 0.6%** | **Commercial services and supplies – 0.6%** |  |
| ABM Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;996 | &nbsp;&nbsp;&nbsp;&nbsp;42131 |
| ACCO Brands Corp. | &nbsp;&nbsp;2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7520 |
| ACV Auctions, Inc., Class A (A) | &nbsp;&nbsp;2857 | &nbsp;&nbsp;&nbsp;&nbsp;22913 |
| Bitcoin Depot, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1103 |
| Brady Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;56818 |
| BrightView Holdings, Inc. (A) | &nbsp;&nbsp;1642 | &nbsp;&nbsp;&nbsp;&nbsp;20804 |
| Casella Waste Systems, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;992 | &nbsp;&nbsp;&nbsp;&nbsp;97156 |
| Cimpress PLC (A) | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;26636 |
| Cintas Corp. | &nbsp;&nbsp;6341 | 1192552 |
| Clean Harbors, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;837 | &nbsp;&nbsp;&nbsp;&nbsp;196260 |
| Copart, Inc. (A) | 15213 | &nbsp;&nbsp;&nbsp;&nbsp;595589 |
| CoreCivic, Inc. (A) | &nbsp;&nbsp;1691 | &nbsp;&nbsp;&nbsp;&nbsp;32315 |
| Deluxe Corp. | &nbsp;&nbsp;&nbsp;&nbsp;783 | &nbsp;&nbsp;&nbsp;&nbsp;17484 |
| Ennis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;637 | &nbsp;&nbsp;&nbsp;&nbsp;11472 |
| Enviri Corp. (A) | &nbsp;&nbsp;1305 | &nbsp;&nbsp;&nbsp;&nbsp;23386 |
| Greenwave Technology Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252 |
| Healthcare Services Group, Inc. (A) | &nbsp;&nbsp;1209 | &nbsp;&nbsp;&nbsp;&nbsp;23116 |
| HNI Corp. | &nbsp;&nbsp;1126 | &nbsp;&nbsp;&nbsp;&nbsp;47337 |
| Interface, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;27110 |
| Liquidity Services, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;523 | &nbsp;&nbsp;&nbsp;&nbsp;15852 |
| MillerKnoll, Inc. | &nbsp;&nbsp;1189 | &nbsp;&nbsp;&nbsp;&nbsp;21735 |
| Montrose Environmental Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;586 | &nbsp;&nbsp;&nbsp;&nbsp;14550 |
| MSA Safety, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;623 | &nbsp;&nbsp;&nbsp;&nbsp;99767 |
| Odyssey Marine Exploration, Inc. (A) | &nbsp;&nbsp;1026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011 |
| OPENLANE, Inc. (A) | &nbsp;&nbsp;1715 | &nbsp;&nbsp;&nbsp;&nbsp;51073 |
| Pitney Bowes, Inc. | &nbsp;&nbsp;2761 | &nbsp;&nbsp;&nbsp;&nbsp;29184 |
| RB Global, Inc. | &nbsp;&nbsp;2925 | &nbsp;&nbsp;&nbsp;&nbsp;300895 |
| Republic Services, Inc. | &nbsp;&nbsp;4918 | 1042272 |
| Rollins, Inc. | &nbsp;&nbsp;7670 | &nbsp;&nbsp;&nbsp;&nbsp;460353 |
| Tetra Tech, Inc. | &nbsp;&nbsp;4158 | &nbsp;&nbsp;&nbsp;&nbsp;139459 |
| The Brink's Company | &nbsp;&nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp;76458 |
| The GEO Group, Inc. (A) | &nbsp;&nbsp;2226 | &nbsp;&nbsp;&nbsp;&nbsp;35883 |
| UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;47068 |
| Veralto Corp. | &nbsp;&nbsp;3901 | &nbsp;&nbsp;&nbsp;&nbsp;389242 |
| Vestis Corp. | &nbsp;&nbsp;2216 | &nbsp;&nbsp;&nbsp;&nbsp;14781 |
| Waste Management, Inc. | &nbsp;&nbsp;6340 | 1392961 |
|  |  | 6575498 |
| **Construction and engineering – 0.4%** | **Construction and engineering – 0.4%** |  |
| AECOM | &nbsp;&nbsp;2086 | &nbsp;&nbsp;&nbsp;&nbsp;198858 |
| Ameresco, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;574 | &nbsp;&nbsp;&nbsp;&nbsp;16812 |
| API Group Corp. (A) | &nbsp;&nbsp;6556 | &nbsp;&nbsp;&nbsp;&nbsp;250833 |
| Arcosa, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;83993 |
| Argan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;218 | &nbsp;&nbsp;&nbsp;&nbsp;68304 |
| Bowman Consulting Group, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;319 | &nbsp;&nbsp;&nbsp;&nbsp;10533 |
| Centuri Holdings, Inc. (A) | &nbsp;&nbsp;1609 | &nbsp;&nbsp;&nbsp;&nbsp;40627 |
| Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;517976 |
| Concrete Pumping Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5811 |
| Construction Partners, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;749 | &nbsp;&nbsp;&nbsp;&nbsp;81304 |
| Dycom Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;455 | &nbsp;&nbsp;&nbsp;&nbsp;153745 |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;702 | &nbsp;&nbsp;&nbsp;&nbsp;429477 |
| Everus Construction Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;69475 |
| Fluor Corp. (A) | &nbsp;&nbsp;2523 | &nbsp;&nbsp;&nbsp;&nbsp;99986 |
| Granite Construction, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;&nbsp;77746 |
| Great Lakes Dredge & Dock Corp. (A) | &nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;16243 |
| IES Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;&nbsp;122152 |
| Legence Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;938 | &nbsp;&nbsp;&nbsp;&nbsp;40372 |
| Limbach Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;189 | &nbsp;&nbsp;&nbsp;&nbsp;14714 |
| MasTec, Inc. (A) | &nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;269104 |
| Matrix Service Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7055 |
| MYR Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;254 | &nbsp;&nbsp;&nbsp;&nbsp;55499 |
| NWPX Infrastructure, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;11248 |
| Orion Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7167 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Construction and engineering (continued)** | **Construction and engineering (continued)** |  |
| Primoris Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;847 | $&nbsp;&nbsp;&nbsp;&nbsp;105147 |
| Quanta Services, Inc. | &nbsp;&nbsp;2315 | &nbsp;&nbsp;&nbsp;&nbsp;977069 |
| Sterling Infrastructure, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;478 | &nbsp;&nbsp;&nbsp;&nbsp;146378 |
| Tutor Perini Corp. | &nbsp;&nbsp;&nbsp;&nbsp;838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56163 |
| Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;123915 |
| WillScot Holdings Corp. | &nbsp;&nbsp;2861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53873 |
|  |  | &nbsp;&nbsp;&nbsp;4111579 |
| **Electrical equipment – 1.0%** | **Electrical equipment – 1.0%** |  |
| Acuity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;483 | &nbsp;&nbsp;&nbsp;&nbsp;173899 |
| Allient, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16125 |
| American Superconductor Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20952 |
| AMETEK, Inc. | &nbsp;&nbsp;3641 | &nbsp;&nbsp;&nbsp;&nbsp;747534 |
| Amprius Technologies, Inc. (A) | &nbsp;&nbsp;2098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16553 |
| Array Technologies, Inc. (A) | &nbsp;&nbsp;2462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22700 |
| Atkore, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34029 |
| Babcock & Wilcox Enterprises, Inc. (A) | &nbsp;&nbsp;1841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11672 |
| Blink Charging Company (A) | &nbsp;&nbsp;2692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796 |
| Bloom Energy Corp., Class A (A) | &nbsp;&nbsp;3685 | &nbsp;&nbsp;&nbsp;&nbsp;320190 |
| ChargePoint Holdings, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386 |
| Eaton Corp. PLC | &nbsp;&nbsp;6127 | &nbsp;&nbsp;&nbsp;1951511 |
| Emerson Electric Company | &nbsp;&nbsp;8872 | &nbsp;&nbsp;&nbsp;1177492 |
| Energy Vault Holdings, Inc. (A) | &nbsp;&nbsp;2694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12419 |
| EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87757 |
| Enovix Corp. (A) | &nbsp;&nbsp;3482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25453 |
| Eos Energy Enterprises, Inc. (A) | &nbsp;&nbsp;4431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50779 |
| Fluence Energy, Inc. (A) | &nbsp;&nbsp;2086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41261 |
| FuelCell Energy, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4116 |
| GE Vernova, Inc. | &nbsp;&nbsp;4283 | &nbsp;&nbsp;&nbsp;2799240 |
| Generac Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp;126142 |
| GrafTech International, Ltd. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7073 |
| Hubbell, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;370388 |
| KULR Technology Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2306 |
| LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11084 |
| NANO Nuclear Energy, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19136 |
| Net Power, Inc. (A) | &nbsp;&nbsp;1611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3673 |
| Nextpower, Inc., Class A (A) | &nbsp;&nbsp;2335 | &nbsp;&nbsp;&nbsp;&nbsp;203402 |
| NuScale Power Corp. (A) | &nbsp;&nbsp;4464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63255 |
| nVent Electric PLC | &nbsp;&nbsp;2534 | &nbsp;&nbsp;&nbsp;&nbsp;258392 |
| Plug Power, Inc. (A)(C) | 22130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43596 |
| Powell Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60887 |
| Power Solutions International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21085 |
| Preformed Line Products Company | &nbsp;&nbsp;&nbsp;&nbsp;84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17364 |
| Regal Rexnord Corp. | &nbsp;&nbsp;1047 | &nbsp;&nbsp;&nbsp;&nbsp;146915 |
| Rockwell Automation, Inc. | &nbsp;&nbsp;1770 | &nbsp;&nbsp;&nbsp;&nbsp;688654 |
| Sensata Technologies Holding PLC | &nbsp;&nbsp;2303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76667 |
| SES AI Corp. (A) | &nbsp;&nbsp;5218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9392 |
| Shoals Technologies Group, Inc., Class A (A) | &nbsp;&nbsp;2701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22959 |
| Stem, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288 |
| SunPower Corp. (A)(B) | &nbsp;&nbsp;3027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Sunrun, Inc. (A) | &nbsp;&nbsp;3656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67270 |
| T1 Energy, Inc. (A) | &nbsp;&nbsp;3434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22939 |
| Thermon Group Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21367 |
| Vertiv Holdings Company, Class A | &nbsp;&nbsp;6006 | &nbsp;&nbsp;&nbsp;&nbsp;973032 |
| Vicor Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58746 |
| Westwater Resources, Inc. (A) | &nbsp;&nbsp;2415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811 |
|  |  | 10818687 |
| **Ground transportation – 0.8%** | **Ground transportation – 0.8%** |  |
| ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp;368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27302 |
| Avis Budget Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71089 |
| Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7317 |
| CSX Corp. | 29285 | &nbsp;&nbsp;&nbsp;1061581 |
| FTAI Infrastructure, Inc. | &nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9312 |
| Heartland Express, Inc. | &nbsp;&nbsp;1544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13942 |
| Hertz Global Holdings, Inc. (A)(C) | &nbsp;&nbsp;4986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25628 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 160 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Ground transportation (continued)** | **Ground transportation (continued)** |  |
| JB Hunt Transport Services, Inc. | &nbsp;&nbsp;1520 | $&nbsp;&nbsp;&nbsp;&nbsp;295397 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;2526 | &nbsp;&nbsp;&nbsp;&nbsp;132059 |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;542 | &nbsp;&nbsp;&nbsp;&nbsp;77885 |
| Lyft, Inc., Class A (A) | &nbsp;&nbsp;6261 | &nbsp;&nbsp;&nbsp;&nbsp;121276 |
| Marten Transport, Ltd. | &nbsp;&nbsp;1715 | &nbsp;&nbsp;&nbsp;&nbsp;19517 |
| Norfolk Southern Corp. | &nbsp;&nbsp;3527 | 1018315 |
| Old Dominion Freight Line, Inc. | &nbsp;&nbsp;3302 | &nbsp;&nbsp;&nbsp;&nbsp;517754 |
| RXO, Inc. (A) | &nbsp;&nbsp;2624 | &nbsp;&nbsp;&nbsp;&nbsp;33167 |
| Ryder System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;632 | &nbsp;&nbsp;&nbsp;&nbsp;120958 |
| Saia, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;418 | &nbsp;&nbsp;&nbsp;&nbsp;136485 |
| Schneider National, Inc., Class B | &nbsp;&nbsp;1539 | &nbsp;&nbsp;&nbsp;&nbsp;40830 |
| Uber Technologies, Inc. (A) | 32802 | 2680251 |
| U-Haul Holding Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;14619 |
| U-Haul Holding Company, Series N | &nbsp;&nbsp;2885 | &nbsp;&nbsp;&nbsp;&nbsp;134845 |
| Union Pacific Corp. | &nbsp;&nbsp;9325 | 2157059 |
| Universal Logistics Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6441 |
| Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;967 | &nbsp;&nbsp;&nbsp;&nbsp;29020 |
| XPO, Inc. (A) | &nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;251705 |
|  |  | 9003754 |
| **Industrial conglomerates – 0.3%** | **Industrial conglomerates – 0.3%** |  |
| 3M Company | &nbsp;&nbsp;8381 | 1341798 |
| Brookfield Business Corp., Class A (C) | &nbsp;&nbsp;1176 | &nbsp;&nbsp;&nbsp;&nbsp;42195 |
| Honeywell International, Inc. | &nbsp;&nbsp;9977 | 1946413 |
|  |  | 3330406 |
| **Machinery – 1.7%** | **Machinery – 1.7%** |  |
| 3D Systems Corp. (A) | &nbsp;&nbsp;2366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4188 |
| Aebi Schmidt Holding AG | &nbsp;&nbsp;1295 | &nbsp;&nbsp;&nbsp;&nbsp;16382 |
| AGCO Corp. | &nbsp;&nbsp;1177 | &nbsp;&nbsp;&nbsp;&nbsp;122785 |
| AgEagle Aerial Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711 |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;192 | &nbsp;&nbsp;&nbsp;&nbsp;32231 |
| Albany International Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;495 | &nbsp;&nbsp;&nbsp;&nbsp;25097 |
| Alliance Laundry Holdings, Inc. (A) | &nbsp;&nbsp;3203 | &nbsp;&nbsp;&nbsp;&nbsp;65181 |
| Allison Transmission Holdings, Inc. | &nbsp;&nbsp;1299 | &nbsp;&nbsp;&nbsp;&nbsp;127172 |
| Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;413 | &nbsp;&nbsp;&nbsp;&nbsp;17891 |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;1282 | &nbsp;&nbsp;&nbsp;&nbsp;66549 |
| Blue Bird Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;23406 |
| Caterpillar, Inc. | &nbsp;&nbsp;7372 | 4223198 |
| CECO Environmental Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;34414 |
| Chart Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;704 | &nbsp;&nbsp;&nbsp;&nbsp;145186 |
| CNH Industrial NV | 19738 | &nbsp;&nbsp;&nbsp;&nbsp;181984 |
| Columbus McKinnon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;10264 |
| Crane Company | &nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;167278 |
| Cummins, Inc. | &nbsp;&nbsp;2168 | 1106656 |
| Deere & Company | &nbsp;&nbsp;4255 | 1981000 |
| Donaldson Company, Inc. | &nbsp;&nbsp;1849 | &nbsp;&nbsp;&nbsp;&nbsp;163932 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;423 | &nbsp;&nbsp;&nbsp;&nbsp;13811 |
| Dover Corp. | &nbsp;&nbsp;2142 | &nbsp;&nbsp;&nbsp;&nbsp;418204 |
| Energy Recovery, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;12721 |
| Enerpac Tool Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp;882 | &nbsp;&nbsp;&nbsp;&nbsp;33728 |
| Enpro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;336 | &nbsp;&nbsp;&nbsp;&nbsp;71948 |
| Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;108480 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;80305 |
| Federal Signal Corp. | &nbsp;&nbsp;&nbsp;&nbsp;957 | &nbsp;&nbsp;&nbsp;&nbsp;103921 |
| Flowserve Corp. | &nbsp;&nbsp;2054 | &nbsp;&nbsp;&nbsp;&nbsp;142507 |
| Fortive Corp. | &nbsp;&nbsp;5309 | &nbsp;&nbsp;&nbsp;&nbsp;293110 |
| Franklin Electric Company, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;738 | &nbsp;&nbsp;&nbsp;&nbsp;70501 |
| Gates Industrial Corp. PLC (A) | &nbsp;&nbsp;4043 | &nbsp;&nbsp;&nbsp;&nbsp;86803 |
| Graco, Inc. | &nbsp;&nbsp;2643 | &nbsp;&nbsp;&nbsp;&nbsp;216647 |
| Graham Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;12268 |
| Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;&nbsp;29580 |
| Hillenbrand, Inc. | &nbsp;&nbsp;1151 | &nbsp;&nbsp;&nbsp;&nbsp;36510 |
| Hillman Solutions Corp. (A) | &nbsp;&nbsp;3509 | &nbsp;&nbsp;&nbsp;&nbsp;30388 |
| Hyster-Yale, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8764 |
| IDEX Corp. | &nbsp;&nbsp;1177 | &nbsp;&nbsp;&nbsp;&nbsp;209435 |
| Illinois Tool Works, Inc. | &nbsp;&nbsp;4608 | 1134950 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Machinery (continued)** | **Machinery (continued)** |  |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;6238 | $&nbsp;&nbsp;&nbsp;&nbsp;494174 |
| ITT, Inc. | &nbsp;&nbsp;1233 | &nbsp;&nbsp;&nbsp;&nbsp;213938 |
| JBT Marel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;822 | &nbsp;&nbsp;&nbsp;&nbsp;123851 |
| Kadant, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52729 |
| Kennametal, Inc. | &nbsp;&nbsp;1231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34973 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;208487 |
| Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20627 |
| Microvast Holdings, Inc. (A) | &nbsp;&nbsp;5239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14669 |
| Miller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9529 |
| Mueller Industries, Inc. | &nbsp;&nbsp;1735 | &nbsp;&nbsp;&nbsp;&nbsp;199178 |
| Mueller Water Products, Inc., Class A | &nbsp;&nbsp;2486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59217 |
| Nauticus Robotics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 |
| Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;884 | &nbsp;&nbsp;&nbsp;&nbsp;212540 |
| Oshkosh Corp. | &nbsp;&nbsp;1001 | &nbsp;&nbsp;&nbsp;&nbsp;125756 |
| Otis Worldwide Corp. | &nbsp;&nbsp;6169 | &nbsp;&nbsp;&nbsp;&nbsp;538862 |
| PACCAR, Inc. | &nbsp;&nbsp;8273 | &nbsp;&nbsp;&nbsp;&nbsp;905976 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;1992 | &nbsp;&nbsp;&nbsp;1750888 |
| Pentair PLC | &nbsp;&nbsp;2556 | &nbsp;&nbsp;&nbsp;&nbsp;266182 |
| Proto Labs, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21096 |
| RBC Bearings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;223318 |
| REV Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46459 |
| Richtech Robotics, Inc., Class B (A) | &nbsp;&nbsp;2543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8214 |
| RYTHM, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854 |
| Snap-on, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;816 | &nbsp;&nbsp;&nbsp;&nbsp;281194 |
| SPX Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;739 | &nbsp;&nbsp;&nbsp;&nbsp;147844 |
| Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42152 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp;2430 | &nbsp;&nbsp;&nbsp;&nbsp;180500 |
| Stratasys, Ltd. (A) | &nbsp;&nbsp;1489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12925 |
| Symbotic, Inc. (A) | &nbsp;&nbsp;1761 | &nbsp;&nbsp;&nbsp;&nbsp;104780 |
| Tennant Company | &nbsp;&nbsp;&nbsp;&nbsp;311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22921 |
| Terex Corp. | &nbsp;&nbsp;1021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54501 |
| The Gorman-Rupp Company | &nbsp;&nbsp;&nbsp;&nbsp;528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25212 |
| The Greenbrier Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22949 |
| The Manitowoc Company, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7913 |
| The Middleby Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;794 | &nbsp;&nbsp;&nbsp;&nbsp;118044 |
| The Timken Company | &nbsp;&nbsp;1085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91281 |
| The Toro Company | &nbsp;&nbsp;1545 | &nbsp;&nbsp;&nbsp;&nbsp;121622 |
| Titan International, Inc. (A) | &nbsp;&nbsp;1198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9380 |
| Trinity Industries, Inc. | &nbsp;&nbsp;1295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34240 |
| Wabash National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6574 |
| Wabtec Corp. | &nbsp;&nbsp;2684 | &nbsp;&nbsp;&nbsp;&nbsp;572900 |
| Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;435 | &nbsp;&nbsp;&nbsp;&nbsp;120069 |
| Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43319 |
| Xylem, Inc. | &nbsp;&nbsp;3829 | &nbsp;&nbsp;&nbsp;&nbsp;521433 |
|  |  | 19703751 |
| **Marine transportation – 0.0%** | **Marine transportation – 0.0%** |  |
| Costamare, Inc. | &nbsp;&nbsp;2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32101 |
| Genco Shipping & Trading, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14320 |
| Kirby Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96958 |
| Matson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62763 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;206142 |
| **Passenger airlines – 0.2%** | **Passenger airlines – 0.2%** |  |
| Alaska Air Group, Inc. (A) | &nbsp;&nbsp;1812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91144 |
| Allegiant Travel Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25581 |
| American Airlines Group, Inc. (A) | 10294 | &nbsp;&nbsp;&nbsp;&nbsp;157807 |
| Delta Air Lines, Inc. | 10254 | &nbsp;&nbsp;&nbsp;&nbsp;711628 |
| Frontier Group Holdings, Inc. (A) | &nbsp;&nbsp;3793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17865 |
| JetBlue Airways Corp. (A) | &nbsp;&nbsp;5855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26640 |
| Joby Aviation, Inc. (A) | 14396 | &nbsp;&nbsp;&nbsp;&nbsp;190027 |
| SkyWest, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62957 |
| Southwest Airlines Company | &nbsp;&nbsp;8134 | &nbsp;&nbsp;&nbsp;&nbsp;336178 |
| Sun Country Airlines Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12893 |
| Surf Air Mobility, Inc. (A) | &nbsp;&nbsp;1128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2188 |
| United Airlines Holdings, Inc. (A) | &nbsp;&nbsp;5081 | &nbsp;&nbsp;&nbsp;&nbsp;568157 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 161 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Passenger airlines (continued)** | **Passenger airlines (continued)** |  |
| Wheels Up Experience, Inc. (A)(C) | 11752 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7713 |
|  |  | 2210778 |
| **Professional services – 0.6%** | **Professional services – 0.6%** |  |
| Alight, Inc., Class A | &nbsp;&nbsp;9095 | &nbsp;&nbsp;&nbsp;&nbsp;17735 |
| Amentum Holdings, Inc. (A) | &nbsp;&nbsp;3841 | &nbsp;&nbsp;&nbsp;&nbsp;111389 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp;6373 | 1639327 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;467 | &nbsp;&nbsp;&nbsp;&nbsp;16910 |
| BlackSky Technology, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;588 | &nbsp;&nbsp;&nbsp;&nbsp;11025 |
| Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;1933 | &nbsp;&nbsp;&nbsp;&nbsp;163068 |
| Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;1848 | &nbsp;&nbsp;&nbsp;&nbsp;412418 |
| CACI International, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;346 | &nbsp;&nbsp;&nbsp;&nbsp;184352 |
| CBIZ, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;43387 |
| Clarivate PLC (A) | 10830 | &nbsp;&nbsp;&nbsp;&nbsp;36172 |
| Concentrix Corp. | &nbsp;&nbsp;1003 | &nbsp;&nbsp;&nbsp;&nbsp;41705 |
| Conduent, Inc. (A) | &nbsp;&nbsp;3137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6023 |
| CRA International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;107 | &nbsp;&nbsp;&nbsp;&nbsp;21474 |
| CSG Systems International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;451 | &nbsp;&nbsp;&nbsp;&nbsp;34587 |
| Dayforce, Inc. (A) | &nbsp;&nbsp;2477 | &nbsp;&nbsp;&nbsp;&nbsp;171309 |
| Equifax, Inc. | &nbsp;&nbsp;1946 | &nbsp;&nbsp;&nbsp;&nbsp;422243 |
| ExlService Holdings, Inc. (A) | &nbsp;&nbsp;2528 | &nbsp;&nbsp;&nbsp;&nbsp;107288 |
| Exponent, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;56402 |
| First Advantage Corp. (A) | &nbsp;&nbsp;2912 | &nbsp;&nbsp;&nbsp;&nbsp;42311 |
| FTI Consulting, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;509 | &nbsp;&nbsp;&nbsp;&nbsp;86952 |
| Genpact, Ltd. | &nbsp;&nbsp;2734 | &nbsp;&nbsp;&nbsp;&nbsp;127897 |
| Huron Consulting Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;46686 |
| IBEX Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9774 |
| ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;25164 |
| Innodata, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;502 | &nbsp;&nbsp;&nbsp;&nbsp;25577 |
| Insperity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;618 | &nbsp;&nbsp;&nbsp;&nbsp;23929 |
| Jacobs Solutions, Inc. | &nbsp;&nbsp;1880 | &nbsp;&nbsp;&nbsp;&nbsp;249025 |
| KBR, Inc. | &nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;80802 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7295 |
| Kforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;373 | &nbsp;&nbsp;&nbsp;&nbsp;11533 |
| Korn Ferry | &nbsp;&nbsp;&nbsp;&nbsp;824 | &nbsp;&nbsp;&nbsp;&nbsp;54400 |
| Legalzoom.com, Inc. (A) | &nbsp;&nbsp;2918 | &nbsp;&nbsp;&nbsp;&nbsp;28976 |
| Leidos Holdings, Inc. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;&nbsp;&nbsp;363867 |
| ManpowerGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;22446 |
| Maximus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;886 | &nbsp;&nbsp;&nbsp;&nbsp;76480 |
| Parsons Corp. (A) | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;104318 |
| Paychex, Inc. | &nbsp;&nbsp;5663 | &nbsp;&nbsp;&nbsp;&nbsp;635275 |
| Paycom Software, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;911 | &nbsp;&nbsp;&nbsp;&nbsp;145177 |
| Paylocity Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;869 | &nbsp;&nbsp;&nbsp;&nbsp;132523 |
| Planet Labs PBC (A) | &nbsp;&nbsp;4478 | &nbsp;&nbsp;&nbsp;&nbsp;88306 |
| Resolute Holdings Management, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;136 | &nbsp;&nbsp;&nbsp;&nbsp;28074 |
| Robert Half, Inc. | &nbsp;&nbsp;1598 | &nbsp;&nbsp;&nbsp;&nbsp;43402 |
| Science Applications International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;72878 |
| Spire Global, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4613 |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;3841 | &nbsp;&nbsp;&nbsp;&nbsp;335780 |
| TaskUS, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8265 |
| TransUnion | &nbsp;&nbsp;3065 | &nbsp;&nbsp;&nbsp;&nbsp;262824 |
| TriNet Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;776 | &nbsp;&nbsp;&nbsp;&nbsp;45885 |
| UL Solutions, Inc., Class A | &nbsp;&nbsp;1008 | &nbsp;&nbsp;&nbsp;&nbsp;79491 |
| Upwork, Inc. (A) | &nbsp;&nbsp;2096 | &nbsp;&nbsp;&nbsp;&nbsp;41543 |
| Verisk Analytics, Inc. | &nbsp;&nbsp;2198 | &nbsp;&nbsp;&nbsp;&nbsp;491671 |
| Verra Mobility Corp. (A) | &nbsp;&nbsp;2529 | &nbsp;&nbsp;&nbsp;&nbsp;56675 |
| Willdan Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;234 | &nbsp;&nbsp;&nbsp;&nbsp;24256 |
|  |  | 7380884 |
| **Trading companies and distributors – 0.4%** | **Trading companies and distributors – 0.4%** |  |
| Air Lease Corp. | &nbsp;&nbsp;1725 | &nbsp;&nbsp;&nbsp;&nbsp;110797 |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;588 | &nbsp;&nbsp;&nbsp;&nbsp;150981 |
| BlueLinx Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9276 |
| Boise Cascade Company | &nbsp;&nbsp;&nbsp;&nbsp;603 | &nbsp;&nbsp;&nbsp;&nbsp;44381 |
| Core & Main, Inc., Class A (A) | &nbsp;&nbsp;2978 | &nbsp;&nbsp;&nbsp;&nbsp;154767 |
| Custom Truck One Source, Inc. (A) | &nbsp;&nbsp;3867 | &nbsp;&nbsp;&nbsp;&nbsp;22274 |
| Distribution Solutions Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;20816 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Trading companies and distributors (continued)** | **Trading companies and distributors (continued)** |  |
| DNOW, Inc. (A) | &nbsp;&nbsp;2977 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39445 |
| DXP Enterprises, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27887 |
| Fastenal Company | 18073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725269 |
| Ferguson Enterprises, Inc. | &nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690153 |
| FTAI Aviation, Ltd. | &nbsp;&nbsp;1614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317716 |
| GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95654 |
| Global Industrial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22441 |
| Herc Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77751 |
| Hudson Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5549 |
| Karat Packaging, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7222 |
| McGrath RentCorp | &nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43546 |
| MSC Industrial Direct Company, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73840 |
| NPK International, Inc. (A) | &nbsp;&nbsp;1464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17451 |
| QXO, Inc. (A) | 10610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204667 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp;1187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64027 |
| SiteOne Landscape Supply, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87815 |
| Titan Machinery, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6753 |
| Transcat, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8907 |
| United Rentals, Inc. | &nbsp;&nbsp;1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;817413 |
| W.W. Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756788 |
| Watsco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184986 |
| WESCO International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186171 |
| Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15056 |
| Xometry, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46684 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5036483 |
| **Transportation infrastructure – 0.0%** | **Transportation infrastructure – 0.0%** |  |
| Corp America Airports SA (A) | &nbsp;&nbsp;2658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69108 |
|  |  | 102233203 |
| **Information technology – 30.5%** |  |  |
| **Communications equipment – 0.9%** | **Communications equipment – 0.9%** |  |
| ADTRAN Holdings, Inc. (A) | &nbsp;&nbsp;1439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12505 |
| Applied Optoelectronics, Inc. (A) | &nbsp;&nbsp;1084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37788 |
| Arista Networks, Inc. (A) | 19789 | &nbsp;&nbsp;&nbsp;&nbsp;2592953 |
| Calix, Inc. (A) | &nbsp;&nbsp;1042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55153 |
| Ciena Corp. (A) | &nbsp;&nbsp;2221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519425 |
| Cisco Systems, Inc. | 62325 | &nbsp;&nbsp;&nbsp;&nbsp;4800895 |
| Clearfield, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7841 |
| CommScope Holding Company, Inc. (A) | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63455 |
| Digi International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27100 |
| Extreme Networks, Inc. (A) | &nbsp;&nbsp;2159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35947 |
| F5, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231010 |
| Harmonic, Inc. (A) | &nbsp;&nbsp;1882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18613 |
| Lumentum Holdings, Inc. (A) | &nbsp;&nbsp;1101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405818 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;2624 | &nbsp;&nbsp;&nbsp;&nbsp;1005832 |
| NETGEAR, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12657 |
| NetScout Systems, Inc. (A) | &nbsp;&nbsp;1245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33690 |
| Ondas Holdings, Inc. (A) | &nbsp;&nbsp;5823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56832 |
| Powerwave Technologies, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Ribbon Communications, Inc. (A) | &nbsp;&nbsp;2810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8093 |
| Ubiquiti, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528449 |
| Viasat, Inc. (A) | &nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73193 |
| Viavi Solutions, Inc. (A) | &nbsp;&nbsp;3580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63796 |
|  |  | &nbsp;&nbsp;&nbsp;10591045 |
| **Electronic equipment, instruments and components – 0.9%** | **Electronic equipment, instruments and components – 0.9%** |  |
| Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124994 |
| Aeva Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12948 |
| AEye, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1601 |
| Amphenol Corp., Class A | 19217 | &nbsp;&nbsp;&nbsp;&nbsp;2596985 |
| Arlo Technologies, Inc. (A) | &nbsp;&nbsp;1672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23391 |
| Arrow Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87924 |
| Avnet, Inc. | &nbsp;&nbsp;1289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61975 |
| Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80752 |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32399 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 162 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Electronic equipment, instruments and<br> components (continued)** | **Electronic equipment, instruments and<br> components (continued)** |  |
| Belden, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;623 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72611 |
| Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24673 |
| CDW Corp. | &nbsp;&nbsp;2051 | &nbsp;&nbsp;&nbsp;&nbsp;279346 |
| Climb Global Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8429 |
| Cognex Corp. | &nbsp;&nbsp;2660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95707 |
| Coherent Corp. (A) | &nbsp;&nbsp;2473 | &nbsp;&nbsp;&nbsp;&nbsp;456442 |
| Corning, Inc. | 13483 | &nbsp;&nbsp;&nbsp;1180571 |
| Crane NXT Company | &nbsp;&nbsp;&nbsp;&nbsp;926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43587 |
| CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21435 |
| Daktronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16192 |
| ePlus, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37623 |
| Evolv Technologies Holdings, Inc. (A) | &nbsp;&nbsp;2808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20105 |
| Fabrinet (A) | &nbsp;&nbsp;&nbsp;&nbsp;562 | &nbsp;&nbsp;&nbsp;&nbsp;255867 |
| Flex, Ltd. (A) | &nbsp;&nbsp;5897 | &nbsp;&nbsp;&nbsp;&nbsp;356297 |
| Frequency Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9314 |
| Ingram Micro Holding Corp. (C) | &nbsp;&nbsp;3843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82010 |
| Insight Enterprises, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40165 |
| IPG Photonics Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49547 |
| Itron, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66673 |
| Jabil, Inc. | &nbsp;&nbsp;1685 | &nbsp;&nbsp;&nbsp;&nbsp;384214 |
| Keysight Technologies, Inc. (A) | &nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;548613 |
| Kimball Electronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12769 |
| Knowles Corp. (A) | &nbsp;&nbsp;1425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30538 |
| LightPath Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8726 |
| Lightwave Logic, Inc. (A) | &nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7186 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99650 |
| MicroVision, Inc. (A)(C) | &nbsp;&nbsp;5432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4498 |
| Mirion Technologies, Inc. (A) | &nbsp;&nbsp;3596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84218 |
| Napco Security Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24103 |
| nLight, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30646 |
| Novanta, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67705 |
| OSI Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67591 |
| Ouster, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20147 |
| PC Connection, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25992 |
| Plexus Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62916 |
| Powerfleet, Inc. (A) | &nbsp;&nbsp;2261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12029 |
| Ralliant Corp. | &nbsp;&nbsp;1791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91180 |
| Red Cat Holdings, Inc. (A)(C) | &nbsp;&nbsp;1906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15115 |
| Rogers Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27013 |
| Sanmina Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;846 | &nbsp;&nbsp;&nbsp;&nbsp;126959 |
| ScanSource, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13944 |
| TD SYNNEX Corp. | &nbsp;&nbsp;1294 | &nbsp;&nbsp;&nbsp;&nbsp;194398 |
| TE Connectivity PLC | &nbsp;&nbsp;4648 | &nbsp;&nbsp;&nbsp;1057466 |
| Teledyne Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;736 | &nbsp;&nbsp;&nbsp;&nbsp;375897 |
| Trimble, Inc. (A) | &nbsp;&nbsp;3753 | &nbsp;&nbsp;&nbsp;&nbsp;294048 |
| TTM Technologies, Inc. (A) | &nbsp;&nbsp;1631 | &nbsp;&nbsp;&nbsp;&nbsp;112539 |
| Unusual Machines, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7669 |
| Vishay Intertechnology, Inc. | &nbsp;&nbsp;1983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28734 |
| Vishay Precision Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9664 |
| Vontier Corp. | &nbsp;&nbsp;2323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86369 |
| Vuzix Corp. (A)(C) | &nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5292 |
| Zebra Technologies Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;193528 |
|  |  | 10270919 |
| **IT services – 1.2%** | **IT services – 1.2%** |  |
| Accenture PLC, Class A | &nbsp;&nbsp;9804 | &nbsp;&nbsp;&nbsp;2630413 |
| Akamai Technologies, Inc. (A) | &nbsp;&nbsp;2252 | &nbsp;&nbsp;&nbsp;&nbsp;196487 |
| Amdocs, Ltd. | &nbsp;&nbsp;1752 | &nbsp;&nbsp;&nbsp;&nbsp;141054 |
| Applied Digital Corp. (A)(C) | &nbsp;&nbsp;4390 | &nbsp;&nbsp;&nbsp;&nbsp;107643 |
| ASGN, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33574 |
| Backblaze, Inc., Class A (A) | &nbsp;&nbsp;1119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5215 |
| BigBear.ai Holdings, Inc. (A)(C) | &nbsp;&nbsp;6914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37336 |
| Cloudflare, Inc., Class A (A) | &nbsp;&nbsp;4924 | &nbsp;&nbsp;&nbsp;&nbsp;970767 |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;7678 | &nbsp;&nbsp;&nbsp;&nbsp;637274 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **IT services (continued)** | **IT services (continued)** |  |
| Commerce.com, Inc. (A) | &nbsp;&nbsp;1670 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6880 |
| CoreWeave, Inc., Class A (A) | &nbsp;&nbsp;6081 | &nbsp;&nbsp;&nbsp;&nbsp;435460 |
| DigitalOcean Holdings, Inc. (A) | &nbsp;&nbsp;1432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68908 |
| DXC Technology Company (A) | &nbsp;&nbsp;2861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41914 |
| EPAM Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;877 | &nbsp;&nbsp;&nbsp;&nbsp;179680 |
| Fastly, Inc., Class A (A) | &nbsp;&nbsp;2404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24473 |
| Gartner, Inc. (A) | &nbsp;&nbsp;1190 | &nbsp;&nbsp;&nbsp;&nbsp;300213 |
| Globant SA (A) | &nbsp;&nbsp;&nbsp;&nbsp;691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45171 |
| GoDaddy, Inc., Class A (A) | &nbsp;&nbsp;2167 | &nbsp;&nbsp;&nbsp;&nbsp;268881 |
| Grid Dynamics Holdings, Inc. (A) | &nbsp;&nbsp;1448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13075 |
| IBM Corp. | 14659 | &nbsp;&nbsp;&nbsp;4342142 |
| Kyndryl Holdings, Inc. (A) | &nbsp;&nbsp;3667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97396 |
| MongoDB, Inc. (A) | &nbsp;&nbsp;1280 | &nbsp;&nbsp;&nbsp;&nbsp;537203 |
| Okta, Inc. (A) | &nbsp;&nbsp;2650 | &nbsp;&nbsp;&nbsp;&nbsp;229146 |
| Snowflake, Inc. (A) | &nbsp;&nbsp;5251 | &nbsp;&nbsp;&nbsp;1151859 |
| The Hackett Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11739 |
| TSS, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3394 |
| Twilio, Inc., Class A (A) | &nbsp;&nbsp;2416 | &nbsp;&nbsp;&nbsp;&nbsp;343652 |
| VeriSign, Inc. | &nbsp;&nbsp;1467 | &nbsp;&nbsp;&nbsp;&nbsp;356408 |
|  |  | 13217357 |
| **Semiconductors and semiconductor equipment – 11.9%** | **Semiconductors and semiconductor equipment – 11.9%** |  |
| ACM Research, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37044 |
| Advanced Micro Devices, Inc. (A) | 25529 | &nbsp;&nbsp;&nbsp;5467291 |
| Aehr Test Systems (A) | &nbsp;&nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9792 |
| Aeluma, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5340 |
| Allegro MicroSystems, Inc. (A) | &nbsp;&nbsp;2930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77293 |
| Alpha & Omega Semiconductor, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10123 |
| Ambarella, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47746 |
| Ambiq Micro, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9690 |
| Amkor Technology, Inc. | &nbsp;&nbsp;3907 | &nbsp;&nbsp;&nbsp;&nbsp;154248 |
| Analog Devices, Inc. | &nbsp;&nbsp;7738 | &nbsp;&nbsp;&nbsp;2098546 |
| Applied Materials, Inc. | 12529 | &nbsp;&nbsp;&nbsp;3219828 |
| Astera Labs, Inc. (A) | &nbsp;&nbsp;2617 | &nbsp;&nbsp;&nbsp;&nbsp;435364 |
| Axcelis Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39608 |
| AXT, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12720 |
| Blaize Holdings, Inc. (A)(C) | &nbsp;&nbsp;1866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3639 |
| Broadcom, Inc. | 74001 | 25611746 |
| CEVA, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9254 |
| Cirrus Logic, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95985 |
| Cohu, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18337 |
| Credo Technology Group Holding, Ltd. (A) | &nbsp;&nbsp;2723 | &nbsp;&nbsp;&nbsp;&nbsp;391812 |
| Diodes, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37597 |
| Enphase Energy, Inc. (A) | &nbsp;&nbsp;2056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65895 |
| Entegris, Inc. | &nbsp;&nbsp;2373 | &nbsp;&nbsp;&nbsp;&nbsp;199925 |
| First Solar, Inc. (A) | &nbsp;&nbsp;1687 | &nbsp;&nbsp;&nbsp;&nbsp;440695 |
| FormFactor, Inc. (A) | &nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68944 |
| GlobalFoundries, Inc. (A) | &nbsp;&nbsp;8742 | &nbsp;&nbsp;&nbsp;&nbsp;305271 |
| GSI Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4173 |
| Ichor Holdings, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11187 |
| Impinj, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79697 |
| Indie Semiconductor, Inc., Class A (A)(C) | &nbsp;&nbsp;3316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11705 |
| Intel Corp. (A) | 68867 | &nbsp;&nbsp;&nbsp;2541192 |
| KLA Corp. | &nbsp;&nbsp;2075 | &nbsp;&nbsp;&nbsp;2521291 |
| Kopin Corp. (A) | &nbsp;&nbsp;3154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7380 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38544 |
| Lam Research Corp. | 19905 | &nbsp;&nbsp;&nbsp;3407338 |
| Lattice Semiconductor Corp. (A) | &nbsp;&nbsp;2153 | &nbsp;&nbsp;&nbsp;&nbsp;158418 |
| MACOM Technology Solutions Holdings, Inc. (A) | &nbsp;&nbsp;1173 | &nbsp;&nbsp;&nbsp;&nbsp;200911 |
| Marvell Technology, Inc. | 13561 | &nbsp;&nbsp;&nbsp;1152414 |
| MaxLinear, Inc. (A) | &nbsp;&nbsp;1413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24629 |
| Microchip Technology, Inc. | &nbsp;&nbsp;8485 | &nbsp;&nbsp;&nbsp;&nbsp;540664 |
| Micron Technology, Inc. | 17607 | &nbsp;&nbsp;&nbsp;5025214 |
| MKS, Inc. | &nbsp;&nbsp;1054 | &nbsp;&nbsp;&nbsp;&nbsp;168429 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;753 | &nbsp;&nbsp;&nbsp;&nbsp;682489 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 163 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Semiconductors and semiconductor equipment (continued)** | **Semiconductors and semiconductor equipment (continued)** |  |
| Navitas Semiconductor Corp. (A)(C) | &nbsp;&nbsp;&nbsp;3661 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26140 |
| NVIDIA Corp. | 382297 | &nbsp;&nbsp;&nbsp;71298350 |
| NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;3963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860209 |
| ON Semiconductor Corp. (A) | &nbsp;&nbsp;&nbsp;6422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347751 |
| Onto Innovation, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121079 |
| PDF Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19572 |
| Penguin Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16822 |
| Photronics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31040 |
| Power Integrations, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32377 |
| Qnity Electronics, Inc. | &nbsp;&nbsp;&nbsp;3271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267077 |
| Qorvo, Inc. (A) | &nbsp;&nbsp;&nbsp;1455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122962 |
| Qualcomm, Inc. | &nbsp;&nbsp;16845 | &nbsp;&nbsp;&nbsp;&nbsp;2881337 |
| Rambus, Inc. (A) | &nbsp;&nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155754 |
| Rigetti Computing, Inc. (A) | &nbsp;&nbsp;&nbsp;5107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113120 |
| Semtech Corp. (A) | &nbsp;&nbsp;&nbsp;1368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100808 |
| Silicon Laboratories, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68356 |
| SiTime Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145514 |
| SkyWater Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14346 |
| Skyworks Solutions, Inc. | &nbsp;&nbsp;&nbsp;2326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147492 |
| Synaptics, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45300 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484094 |
| Texas Instruments, Inc. | &nbsp;&nbsp;14305 | &nbsp;&nbsp;&nbsp;&nbsp;2481774 |
| Ultra Clean Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19757 |
| Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87702 |
| Veeco Instruments, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27723 |
| Wolfspeed, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7434 |
| Wolfspeed, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;2650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2809 |
|  |  | 135376107 |
| **Software – 9.6%** | **Software – 9.6%** |  |
| A10 Networks, Inc. | &nbsp;&nbsp;&nbsp;1279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22626 |
| ACI Worldwide, Inc. (A) | &nbsp;&nbsp;&nbsp;1648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78791 |
| Adeia, Inc. | &nbsp;&nbsp;&nbsp;1892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32637 |
| Adobe, Inc. (A) | &nbsp;&nbsp;&nbsp;6673 | &nbsp;&nbsp;&nbsp;&nbsp;2335483 |
| Agilysys, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53240 |
| Airship AI Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1673 |
| Alarm.com Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42092 |
| Alkami Technology, Inc. (A) | &nbsp;&nbsp;&nbsp;1672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38573 |
| Amplitude, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21168 |
| Appfolio, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84452 |
| Appian Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25042 |
| AppLovin Corp., Class A (A) | &nbsp;&nbsp;&nbsp;4840 | &nbsp;&nbsp;&nbsp;&nbsp;3261289 |
| Arteris, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11718 |
| Asana, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34289 |
| Atlassian Corp., Class A (A) | &nbsp;&nbsp;&nbsp;2619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424645 |
| Aurora Innovation, Inc. (A) | &nbsp;&nbsp;25366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97405 |
| AuthID, Inc. (A) | &nbsp;&nbsp;&nbsp;1106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967 |
| Autodesk, Inc. (A) | &nbsp;&nbsp;&nbsp;3355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993114 |
| AvePoint, Inc. (A) | &nbsp;&nbsp;&nbsp;3595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49935 |
| Bentley Systems, Inc., Class B | &nbsp;&nbsp;&nbsp;4636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176933 |
| BILL Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87319 |
| Bit Digital, Inc. (A) | &nbsp;&nbsp;&nbsp;5263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9947 |
| Bitdeer Technologies Group, Class A (A) | &nbsp;&nbsp;&nbsp;3002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33652 |
| BitMine Immersion Technologies, Inc. | &nbsp;&nbsp;&nbsp;6047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164176 |
| Blackbaud, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50466 |
| Blackline, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54405 |
| Blend Labs, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13215 |
| Box, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68105 |
| Braze, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53698 |
| BTCS, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2257 |
| C3.ai, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28564 |
| Cadence Design Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;4288 | &nbsp;&nbsp;&nbsp;&nbsp;1340343 |
| CCC Intelligent Solutions Holdings, Inc. (A) | &nbsp;&nbsp;10404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82712 |
| Cerence, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7825 |
| Cipher Mining, Inc. (A) | &nbsp;&nbsp;&nbsp;6232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91984 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| Circle Internet Group, Inc. (A) | &nbsp;&nbsp;&nbsp;3407 | $&nbsp;&nbsp;&nbsp;&nbsp;270175 |
| CleanSpark, Inc. (A) | &nbsp;&nbsp;&nbsp;4438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44913 |
| Clear Secure, Inc., Class A | &nbsp;&nbsp;&nbsp;1507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52866 |
| Clearwater Analytics Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4545 | &nbsp;&nbsp;&nbsp;&nbsp;109625 |
| CommVault Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88003 |
| Confluent, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4604 | &nbsp;&nbsp;&nbsp;&nbsp;139225 |
| Consensus Cloud Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7899 |
| Core Scientific, Inc. (A) | &nbsp;&nbsp;&nbsp;4836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70412 |
| Crowdstrike Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3948 | &nbsp;&nbsp;&nbsp;1850664 |
| CYNGN, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357 |
| Daily Journal Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11208 |
| Datadog, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5088 | &nbsp;&nbsp;&nbsp;&nbsp;691917 |
| Digi Power X, Inc. (A) | &nbsp;&nbsp;&nbsp;1231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3139 |
| Digital Turbine, Inc. (A) | &nbsp;&nbsp;&nbsp;1789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8945 |
| DocuSign, Inc. (A) | &nbsp;&nbsp;&nbsp;3184 | &nbsp;&nbsp;&nbsp;&nbsp;217786 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63449 |
| Domo, Inc., Class B (A) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5901 |
| Dropbox, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80815 |
| D-Wave Quantum, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;5337 | &nbsp;&nbsp;&nbsp;&nbsp;139563 |
| Dynatrace, Inc. (A) | &nbsp;&nbsp;&nbsp;4756 | &nbsp;&nbsp;&nbsp;&nbsp;206125 |
| eGain Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5814 |
| Elastic NV (A) | &nbsp;&nbsp;&nbsp;1678 | &nbsp;&nbsp;&nbsp;&nbsp;126588 |
| EverCommerce, Inc. (A)(C) | &nbsp;&nbsp;&nbsp;3037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36778 |
| Fair Isaac Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;378 | &nbsp;&nbsp;&nbsp;&nbsp;639054 |
| Figma, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;6559 | &nbsp;&nbsp;&nbsp;&nbsp;245110 |
| Five9, Inc. (A) | &nbsp;&nbsp;&nbsp;1234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24742 |
| Fortinet, Inc. (A) | &nbsp;&nbsp;12065 | &nbsp;&nbsp;&nbsp;&nbsp;958082 |
| Freshworks, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46918 |
| Gen Digital, Inc. | &nbsp;&nbsp;&nbsp;9715 | &nbsp;&nbsp;&nbsp;&nbsp;264151 |
| Gitlab, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87783 |
| Guidewire Software, Inc. (A) | &nbsp;&nbsp;&nbsp;1328 | &nbsp;&nbsp;&nbsp;&nbsp;266941 |
| HubSpot, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;332678 |
| Hut 8 Corp. (A) | &nbsp;&nbsp;&nbsp;1672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76812 |
| i3 Verticals, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11587 |
| Intapp, Inc. (A) | &nbsp;&nbsp;&nbsp;1309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59978 |
| InterDigital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;408 | &nbsp;&nbsp;&nbsp;&nbsp;129899 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;4388 | &nbsp;&nbsp;&nbsp;2906699 |
| Jamf Holding Corp. (A) | &nbsp;&nbsp;&nbsp;2220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28882 |
| Klaviyo, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71499 |
| Life360, Inc. (A) | &nbsp;&nbsp;&nbsp;1234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79149 |
| LiveRamp Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32190 |
| Manhattan Associates, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;952 | &nbsp;&nbsp;&nbsp;&nbsp;164991 |
| MARA Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;5829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52344 |
| MicroCloud Hologram, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 |
| Microsoft Corp. | 116949 | 56558875 |
| Mitek Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9548 |
| N-able, Inc. (A) | &nbsp;&nbsp;&nbsp;3430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25656 |
| NCino, Inc. (A) | &nbsp;&nbsp;&nbsp;1848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47383 |
| NCR Voyix Corp. (A) | &nbsp;&nbsp;&nbsp;2343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23899 |
| Netskope, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16295 |
| NextNav, Inc. (A) | &nbsp;&nbsp;&nbsp;2176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36209 |
| Nutanix, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4226 | &nbsp;&nbsp;&nbsp;&nbsp;218442 |
| OneSpan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758 |
| Onestream, Inc. (A) | &nbsp;&nbsp;&nbsp;1434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26357 |
| Oracle Corp. | &nbsp;&nbsp;44200 | &nbsp;&nbsp;&nbsp;8615022 |
| PagerDuty, Inc. (A) | &nbsp;&nbsp;&nbsp;1575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20648 |
| Palantir Technologies, Inc., Class A (A) | &nbsp;&nbsp;35777 | &nbsp;&nbsp;&nbsp;6359362 |
| Palo Alto Networks, Inc. (A) | &nbsp;&nbsp;10522 | &nbsp;&nbsp;&nbsp;1938152 |
| PAR Technology Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23945 |
| Pegasystems, Inc. | &nbsp;&nbsp;&nbsp;2688 | &nbsp;&nbsp;&nbsp;&nbsp;160527 |
| Pivotal Software, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;6091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Porch Group, Inc. (A) | &nbsp;&nbsp;&nbsp;1709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15603 |
| Procore Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;2374 | &nbsp;&nbsp;&nbsp;&nbsp;172685 |
| Progress Software Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29471 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 164 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Software (continued)** | **Software (continued)** |  |
| PTC, Inc. (A) | &nbsp;&nbsp;&nbsp;1887 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328734 |
| Q2 Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71438 |
| Qualys, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76285 |
| Rapid7, Inc. (A) | &nbsp;&nbsp;&nbsp;1120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17024 |
| Red Violet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14864 |
| Rekor Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;2301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3175 |
| RingCentral, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37255 |
| Riot Platforms, Inc. (A) | &nbsp;&nbsp;&nbsp;5833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73904 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;1693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753605 |
| Rubrik, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171392 |
| SailPoint, Inc. (A) | &nbsp;&nbsp;&nbsp;8825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178530 |
| Salesforce, Inc. | &nbsp;&nbsp;14979 | &nbsp;&nbsp;&nbsp;&nbsp;3968087 |
| Samsara, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194869 |
| SEMrush Holdings, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25254 |
| SentinelOne, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76035 |
| ServiceNow, Inc. (A) | &nbsp;&nbsp;16365 | &nbsp;&nbsp;&nbsp;&nbsp;2506954 |
| ServiceTitan, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130569 |
| SoundHound AI, Inc., Class A (A)(C) | &nbsp;&nbsp;&nbsp;5916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58983 |
| Sprinklr, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20142 |
| Sprout Social, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10470 |
| SPS Commerce, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54369 |
| Strategy, Inc. (A) | &nbsp;&nbsp;&nbsp;4163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632568 |
| Synopsys, Inc. (A) | &nbsp;&nbsp;&nbsp;2913 | &nbsp;&nbsp;&nbsp;&nbsp;1368294 |
| Telos Corp. (A) | &nbsp;&nbsp;&nbsp;1322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6742 |
| Tenable Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;1963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46189 |
| Teradata Corp. (A) | &nbsp;&nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46117 |
| TeraWulf, Inc. (A) | &nbsp;&nbsp;&nbsp;6441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74007 |
| TON Strategy Company (A)(C) | &nbsp;&nbsp;&nbsp;1115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2219 |
| Tyler Technologies, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310502 |
| UiPath, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;7227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118451 |
| Unity Software, Inc. (A) | &nbsp;&nbsp;&nbsp;6654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293907 |
| Varonis Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;1821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59729 |
| Veritone, Inc. (A) | &nbsp;&nbsp;&nbsp;1511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7026 |
| Vertex, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25142 |
| Via Transportation, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;1287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37336 |
| Weave Communications, Inc. (A) | &nbsp;&nbsp;&nbsp;1397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10603 |
| Workday, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;3414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733259 |
| Workiva, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72105 |
| Yext, Inc. (A) | &nbsp;&nbsp;&nbsp;2162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17426 |
| Zeta Global Holdings Corp., Class A (A) | &nbsp;&nbsp;&nbsp;3369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68559 |
| Zoom Video Communications, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;4203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362677 |
| Zscaler, Inc. (A) | &nbsp;&nbsp;&nbsp;2451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551279 |
|  |  | 108511058 |
| **Technology hardware, storage and peripherals – 6.0%** | **Technology hardware, storage and peripherals – 6.0%** |  |
| Apple, Inc. | 233480 | &nbsp;&nbsp;&nbsp;63473873 |
| CompoSecure, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39331 |
| Corsair Gaming, Inc. (A) | &nbsp;&nbsp;&nbsp;1889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11221 |
| Dell Technologies, Inc., Class C | &nbsp;&nbsp;&nbsp;5341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672325 |
| Diebold Nixdorf, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40259 |
| Eastman Kodak Company (A) | &nbsp;&nbsp;&nbsp;1626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13756 |
| Hewlett Packard Enterprise Company | &nbsp;&nbsp;20715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497574 |
| HP, Inc. | &nbsp;&nbsp;14654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326491 |
| Immersion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4542 |
| IonQ, Inc. (A) | &nbsp;&nbsp;&nbsp;5577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250240 |
| NetApp, Inc. | &nbsp;&nbsp;&nbsp;3120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334121 |
| One Stop Systems, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3576 |
| Pure Storage, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;5161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345839 |
| Quantum Computing, Inc. (A) | &nbsp;&nbsp;&nbsp;3537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36290 |
| Quantum Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1516 |
| Sandisk Corp. (A) | &nbsp;&nbsp;&nbsp;2295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544787 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp;3347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921730 |
| Super Micro Computer, Inc. (A) | &nbsp;&nbsp;&nbsp;9343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273470 |
| Western Digital Corp. | &nbsp;&nbsp;&nbsp;5459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940422 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Technology hardware, storage and peripherals (continued)** | **Technology hardware, storage and peripherals (continued)** |  |
| Xerox Holdings Corp. | &nbsp;&nbsp;2215 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5250 |
|  |  | &nbsp;&nbsp;&nbsp;68736613 |
|  |  | 346703099 |
| **Materials – 2.2%** |  |  |
| **Chemicals – 1.0%** | **Chemicals – 1.0%** |  |
| AdvanSix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8806 |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;3503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865311 |
| Albemarle Corp. | &nbsp;&nbsp;1854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262230 |
| Ashland, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43005 |
| ASP Isotopes, Inc. (A) | &nbsp;&nbsp;1794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9598 |
| Aspen Aerogels, Inc. (A) | &nbsp;&nbsp;1493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4225 |
| Avient Corp. | &nbsp;&nbsp;1507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47079 |
| Axalta Coating Systems, Ltd. (A) | &nbsp;&nbsp;3357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108465 |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80207 |
| Cabot Corp. | &nbsp;&nbsp;&nbsp;&nbsp;816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54084 |
| Celanese Corp. | &nbsp;&nbsp;1731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73187 |
| CF Industries Holdings, Inc. | &nbsp;&nbsp;2540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196444 |
| Corteva, Inc. | 10678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715746 |
| CVR Nitrogen LP (A)(B) | &nbsp;&nbsp;1086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195 |
| Dow, Inc. | 11118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259939 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;6599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265280 |
| Eastman Chemical Company | &nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113298 |
| Ecolab, Inc. | &nbsp;&nbsp;4464 | &nbsp;&nbsp;&nbsp;&nbsp;1171889 |
| Ecovyst, Inc. (A) | &nbsp;&nbsp;1931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18789 |
| Element Solutions, Inc. | &nbsp;&nbsp;3770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94212 |
| Flotek Industries, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8977 |
| FMC Corp. | &nbsp;&nbsp;2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28406 |
| Hawkins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47022 |
| HB Fuller Company | &nbsp;&nbsp;&nbsp;&nbsp;864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51373 |
| Huntsman Corp. | &nbsp;&nbsp;2772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27720 |
| Ingevity Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34975 |
| Innospec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31458 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;4031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271649 |
| Intrepid Potash, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7543 |
| Koppers Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10453 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp;1874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8283 |
| Linde PLC | &nbsp;&nbsp;7371 | &nbsp;&nbsp;&nbsp;&nbsp;3142921 |
| LSB Industries, Inc. (A) | &nbsp;&nbsp;1342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11407 |
| LyondellBasell Industries NV, Class A | &nbsp;&nbsp;5046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218492 |
| Mativ Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11445 |
| Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32364 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101714 |
| Novusterra, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Olin Corp. | &nbsp;&nbsp;1801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37515 |
| Orion SA | &nbsp;&nbsp;1049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5539 |
| Perimeter Solutions, Inc. (A) | &nbsp;&nbsp;2357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64888 |
| PPG Industries, Inc. | &nbsp;&nbsp;3537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362401 |
| PureCycle Technologies, Inc. (A)(C) | &nbsp;&nbsp;2901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24920 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38584 |
| RPM International, Inc. | &nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210080 |
| Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63604 |
| Solstice Advanced Materials, Inc. (A) | &nbsp;&nbsp;2537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123247 |
| Stepan Company | &nbsp;&nbsp;&nbsp;&nbsp;419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19844 |
| The Chemours Company | &nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28178 |
| The Mosaic Company | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120450 |
| The Scotts Miracle-Gro Company | &nbsp;&nbsp;&nbsp;&nbsp;915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53390 |
| The Sherwin-Williams Company | &nbsp;&nbsp;3916 | &nbsp;&nbsp;&nbsp;&nbsp;1268901 |
| Tronox Holdings PLC | &nbsp;&nbsp;2738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11417 |
| Valhi, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5519 |
| Westlake Corp. | &nbsp;&nbsp;2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150468 |
|  |  | &nbsp;&nbsp;&nbsp;11027136 |
| **Construction materials – 0.3%** | **Construction materials – 0.3%** |  |
| Amrize, Ltd. (A) | &nbsp;&nbsp;9128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493642 |
| CRH PLC | 10572 | &nbsp;&nbsp;&nbsp;&nbsp;1319386 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 165 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Construction materials (continued)** | **Construction materials (continued)** |  |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;503 | $&nbsp;&nbsp;&nbsp;&nbsp;103960 |
| James Hardie Industries PLC (A) | &nbsp;&nbsp;9173 | &nbsp;&nbsp;&nbsp;&nbsp;190340 |
| Knife River Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;897 | &nbsp;&nbsp;&nbsp;&nbsp;63104 |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;947 | &nbsp;&nbsp;&nbsp;&nbsp;589659 |
| Titan America SA (A) | &nbsp;&nbsp;3035 | &nbsp;&nbsp;&nbsp;&nbsp;50017 |
| United States Lime & Minerals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;463 | &nbsp;&nbsp;&nbsp;&nbsp;55440 |
| Vulcan Materials Company | &nbsp;&nbsp;2071 | &nbsp;&nbsp;&nbsp;&nbsp;590691 |
|  |  | 3456239 |
| **Containers and packaging – 0.2%** | **Containers and packaging – 0.2%** |  |
| Amcor PLC | 36054 | &nbsp;&nbsp;&nbsp;&nbsp;300690 |
| AptarGroup, Inc. | &nbsp;&nbsp;1041 | &nbsp;&nbsp;&nbsp;&nbsp;126960 |
| Ardagh Metal Packaging SA | &nbsp;&nbsp;9920 | &nbsp;&nbsp;&nbsp;&nbsp;40672 |
| Avery Dennison Corp. | &nbsp;&nbsp;1216 | &nbsp;&nbsp;&nbsp;&nbsp;221166 |
| Ball Corp. | &nbsp;&nbsp;4285 | &nbsp;&nbsp;&nbsp;&nbsp;226976 |
| Crown Holdings, Inc. | &nbsp;&nbsp;1818 | &nbsp;&nbsp;&nbsp;&nbsp;187199 |
| Graphic Packaging Holding Company | &nbsp;&nbsp;4585 | &nbsp;&nbsp;&nbsp;&nbsp;69050 |
| Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;448 | &nbsp;&nbsp;&nbsp;&nbsp;30330 |
| International Paper Company | &nbsp;&nbsp;8303 | &nbsp;&nbsp;&nbsp;&nbsp;327055 |
| Myers Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;12636 |
| O-I Glass, Inc. (A) | &nbsp;&nbsp;2484 | &nbsp;&nbsp;&nbsp;&nbsp;36664 |
| Packaging Corp. of America | &nbsp;&nbsp;1403 | &nbsp;&nbsp;&nbsp;&nbsp;289341 |
| Ranpak Holdings Corp. (A) | &nbsp;&nbsp;1620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8764 |
| Sealed Air Corp. | &nbsp;&nbsp;2317 | &nbsp;&nbsp;&nbsp;&nbsp;95993 |
| Silgan Holdings, Inc. | &nbsp;&nbsp;1708 | &nbsp;&nbsp;&nbsp;&nbsp;68952 |
| Smurfit WestRock PLC | &nbsp;&nbsp;8157 | &nbsp;&nbsp;&nbsp;&nbsp;315431 |
| Sonoco Products Company | &nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;66115 |
| TriMas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp;&nbsp;22901 |
|  |  | 2446895 |
| **Metals and mining – 0.7%** | **Metals and mining – 0.7%** |  |
| Alcoa Corp. | &nbsp;&nbsp;4066 | &nbsp;&nbsp;&nbsp;&nbsp;216067 |
| Alpha Metallurgical Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;207 | &nbsp;&nbsp;&nbsp;&nbsp;41375 |
| American Battery Technology Company (A) | &nbsp;&nbsp;2112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7054 |
| Aura Minerals, Inc. | &nbsp;&nbsp;1344 | &nbsp;&nbsp;&nbsp;&nbsp;67758 |
| Caledonia Mining Corp. PLC | &nbsp;&nbsp;&nbsp;&nbsp;382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9997 |
| Century Aluminum Company (A) | &nbsp;&nbsp;1485 | &nbsp;&nbsp;&nbsp;&nbsp;58182 |
| Cleveland-Cliffs, Inc. (A) | &nbsp;&nbsp;8992 | &nbsp;&nbsp;&nbsp;&nbsp;119414 |
| Coeur Mining, Inc. (A) | 10140 | &nbsp;&nbsp;&nbsp;&nbsp;180796 |
| Commercial Metals Company | &nbsp;&nbsp;1763 | &nbsp;&nbsp;&nbsp;&nbsp;122035 |
| Compass Minerals International, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;694 | &nbsp;&nbsp;&nbsp;&nbsp;13630 |
| Dakota Gold Corp. (A) | &nbsp;&nbsp;2227 | &nbsp;&nbsp;&nbsp;&nbsp;12649 |
| Ferroglobe PLC | &nbsp;&nbsp;3120 | &nbsp;&nbsp;&nbsp;&nbsp;14477 |
| Freeport-McMoRan, Inc. | 22581 | 1146889 |
| Hecla Mining Company | 10571 | &nbsp;&nbsp;&nbsp;&nbsp;202857 |
| Hycroft Mining Holding Corp., Class A (A) | &nbsp;&nbsp;1345 | &nbsp;&nbsp;&nbsp;&nbsp;31971 |
| Idaho Strategic Resources, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9914 |
| Inno Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 |
| Ivanhoe Electric, Inc. (A) | &nbsp;&nbsp;2406 | &nbsp;&nbsp;&nbsp;&nbsp;38448 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;&nbsp;30553 |
| Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;331 | &nbsp;&nbsp;&nbsp;&nbsp;41150 |
| McEwen, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;909 | &nbsp;&nbsp;&nbsp;&nbsp;16826 |
| Metallus, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;758 | &nbsp;&nbsp;&nbsp;&nbsp;13007 |
| MP Materials Corp. (A) | &nbsp;&nbsp;2790 | &nbsp;&nbsp;&nbsp;&nbsp;140951 |
| Newmont Corp. | 17296 | 1727006 |
| NioCorp Developments, Ltd. (A) | &nbsp;&nbsp;2004 | &nbsp;&nbsp;&nbsp;&nbsp;10621 |
| Nucor Corp. | &nbsp;&nbsp;3609 | &nbsp;&nbsp;&nbsp;&nbsp;588664 |
| Olympic Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9242 |
| Pan American Silver Corp. (A) | &nbsp;&nbsp;7232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3580 |
| Perpetua Resources Corp. (A) | &nbsp;&nbsp;1710 | &nbsp;&nbsp;&nbsp;&nbsp;41399 |
| Ramaco Resources, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;939 | &nbsp;&nbsp;&nbsp;&nbsp;16902 |
| ReElement Technologies Corp. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Reliance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;826 | &nbsp;&nbsp;&nbsp;&nbsp;238607 |
| Royal Gold, Inc. | &nbsp;&nbsp;1326 | &nbsp;&nbsp;&nbsp;&nbsp;294757 |
| Ryerson Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;579 | &nbsp;&nbsp;&nbsp;&nbsp;14568 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Metals and mining (continued)** | **Metals and mining (continued)** |  |
| Southern Copper Corp. | 12894 | $&nbsp;&nbsp;&nbsp;1849902 |
| Steel Dynamics, Inc. | &nbsp;&nbsp;2307 | &nbsp;&nbsp;&nbsp;&nbsp;390921 |
| SunCoke Energy, Inc. | &nbsp;&nbsp;1488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10714 |
| United States Antimony Corp. (A) | &nbsp;&nbsp;2260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11345 |
| US Gold Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5765 |
| USA Rare Earth, Inc. (A)(C) | &nbsp;&nbsp;2103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25026 |
| Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73798 |
| Worthington Steel, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29912 |
|  |  | &nbsp;&nbsp;&nbsp;7878826 |
| **Paper and forest products – 0.0%** | **Paper and forest products – 0.0%** |  |
| Clearwater Paper Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4976 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp;1094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88351 |
| Magnera Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9175 |
| Sylvamo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30912 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;133414 |
|  |  | 24942510 |
| **Real estate – 2.1%** |  |  |
| **Diversified REITs – 0.0%** | **Diversified REITs – 0.0%** |  |
| Alexander & Baldwin, Inc. | &nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28380 |
| American Assets Trust, Inc. | &nbsp;&nbsp;1102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20861 |
| Armada Hoffler Properties, Inc. | &nbsp;&nbsp;1559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10321 |
| Broadstone Net Lease, Inc. | &nbsp;&nbsp;2946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51172 |
| CTO Realty Growth, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11304 |
| Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;3016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89455 |
| Gladstone Commercial Corp. | &nbsp;&nbsp;1021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10894 |
| Global Net Lease, Inc. | &nbsp;&nbsp;3972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34159 |
| WP Carey, Inc. | &nbsp;&nbsp;3438 | &nbsp;&nbsp;&nbsp;&nbsp;221270 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;477816 |
| **Health care REITs – 0.3%** | **Health care REITs – 0.3%** |  |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;2728 | &nbsp;&nbsp;&nbsp;&nbsp;133508 |
| American Healthcare REIT, Inc. | &nbsp;&nbsp;2928 | &nbsp;&nbsp;&nbsp;&nbsp;137792 |
| CareTrust REIT, Inc. | &nbsp;&nbsp;3496 | &nbsp;&nbsp;&nbsp;&nbsp;126415 |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9310 |
| Diversified Healthcare Trust | &nbsp;&nbsp;4111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19938 |
| Global Medical REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8266 |
| Healthcare Realty Trust, Inc. | &nbsp;&nbsp;5558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94208 |
| Healthpeak Properties, Inc. | 10899 | &nbsp;&nbsp;&nbsp;&nbsp;175256 |
| LTC Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25647 |
| Medical Properties Trust, Inc. | &nbsp;&nbsp;9606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48030 |
| National Health Investors, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59110 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;4628 | &nbsp;&nbsp;&nbsp;&nbsp;205206 |
| Sabra Health Care REIT, Inc. | &nbsp;&nbsp;3716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70381 |
| Sila Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21305 |
| Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13763 |
| Ventas, Inc. | &nbsp;&nbsp;7155 | &nbsp;&nbsp;&nbsp;&nbsp;553654 |
| Welltower, Inc. | 10514 | &nbsp;&nbsp;&nbsp;1951504 |
|  |  | &nbsp;&nbsp;&nbsp;3653293 |
| **Hotel and resort REITs – 0.0%** | **Hotel and resort REITs – 0.0%** |  |
| Apple Hospitality REIT, Inc. | &nbsp;&nbsp;3340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39579 |
| DiamondRock Hospitality Company | &nbsp;&nbsp;3339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29917 |
| Host Hotels & Resorts, Inc. | 10600 | &nbsp;&nbsp;&nbsp;&nbsp;187938 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp;3111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32541 |
| Pebblebrook Hotel Trust | &nbsp;&nbsp;1844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20874 |
| RLJ Lodging Trust | &nbsp;&nbsp;2276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16956 |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91308 |
| Service Properties Trust | &nbsp;&nbsp;3182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5855 |
| Summit Hotel Properties, Inc. | &nbsp;&nbsp;2167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10553 |
| Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;3146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28125 |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;1512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21380 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;485026 |
| **Industrial REITs – 0.3%** | **Industrial REITs – 0.3%** |  |
| Americold Realty Trust, Inc. | &nbsp;&nbsp;4532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58282 |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp;147856 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 166 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Industrial REITs (continued)** | **Industrial REITs (continued)** |  |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;2073 | $&nbsp;&nbsp;&nbsp;&nbsp;118721 |
| Innovative Industrial Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;21170 |
| Lineage, Inc. | &nbsp;&nbsp;3643 | &nbsp;&nbsp;&nbsp;&nbsp;127505 |
| LXP Industrial Trust | &nbsp;&nbsp;&nbsp;&nbsp;948 | &nbsp;&nbsp;&nbsp;&nbsp;47002 |
| One Liberty Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7406 |
| Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;19648 |
| Prologis, Inc. | 14613 | 1865496 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;3676 | &nbsp;&nbsp;&nbsp;&nbsp;142335 |
| STAG Industrial, Inc. | &nbsp;&nbsp;2932 | &nbsp;&nbsp;&nbsp;&nbsp;107780 |
| Terreno Realty Corp. | &nbsp;&nbsp;1635 | &nbsp;&nbsp;&nbsp;&nbsp;95991 |
|  |  | 2759192 |
| **Office REITs – 0.1%** | **Office REITs – 0.1%** |  |
| Brandywine Realty Trust | &nbsp;&nbsp;3321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9697 |
| BXP, Inc. | &nbsp;&nbsp;2474 | &nbsp;&nbsp;&nbsp;&nbsp;166946 |
| City Office REIT, Inc. | &nbsp;&nbsp;1223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8549 |
| COPT Defense Properties | &nbsp;&nbsp;1793 | &nbsp;&nbsp;&nbsp;&nbsp;49845 |
| Cousins Properties, Inc. | &nbsp;&nbsp;2667 | &nbsp;&nbsp;&nbsp;&nbsp;68755 |
| Douglas Emmett, Inc. | &nbsp;&nbsp;2655 | &nbsp;&nbsp;&nbsp;&nbsp;29178 |
| Easterly Government Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;714 | &nbsp;&nbsp;&nbsp;&nbsp;15130 |
| Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;2731 | &nbsp;&nbsp;&nbsp;&nbsp;17806 |
| Highwoods Properties, Inc. | &nbsp;&nbsp;1692 | &nbsp;&nbsp;&nbsp;&nbsp;43687 |
| Hudson Pacific Properties, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758 |
| JBG SMITH Properties | &nbsp;&nbsp;1038 | &nbsp;&nbsp;&nbsp;&nbsp;17656 |
| Kilroy Realty Corp. | &nbsp;&nbsp;1841 | &nbsp;&nbsp;&nbsp;&nbsp;68798 |
| NET Lease Office Properties | &nbsp;&nbsp;&nbsp;&nbsp;303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7814 |
| New York REIT Liquidating LLC (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834 |
| Peakstone Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8524 |
| Piedmont Realty Trust, Inc. | &nbsp;&nbsp;2274 | &nbsp;&nbsp;&nbsp;&nbsp;18965 |
| Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6408 |
| SL Green Realty Corp. | &nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;51879 |
| Vornado Realty Trust | &nbsp;&nbsp;3019 | &nbsp;&nbsp;&nbsp;&nbsp;100472 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;700701 |
| **Real estate management and development – 0.2%** | **Real estate management and development – 0.2%** |  |
| Anywhere Real Estate, Inc. (A) | &nbsp;&nbsp;1825 | &nbsp;&nbsp;&nbsp;&nbsp;25842 |
| CBRE Group, Inc., Class A (A) | &nbsp;&nbsp;4676 | &nbsp;&nbsp;&nbsp;&nbsp;751854 |
| Compass, Inc., Class A (A) | &nbsp;&nbsp;8316 | &nbsp;&nbsp;&nbsp;&nbsp;87900 |
| CoStar Group, Inc. (A) | &nbsp;&nbsp;6668 | &nbsp;&nbsp;&nbsp;&nbsp;448356 |
| Cushman & Wakefield, Ltd. (A) | &nbsp;&nbsp;3657 | &nbsp;&nbsp;&nbsp;&nbsp;59207 |
| eXp World Holdings, Inc. | &nbsp;&nbsp;2635 | &nbsp;&nbsp;&nbsp;&nbsp;23847 |
| Forestar Group, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;22413 |
| FRP Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7270 |
| Howard Hughes Holdings, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;&nbsp;&nbsp;74984 |
| Jones Lang LaSalle, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;740 | &nbsp;&nbsp;&nbsp;&nbsp;248988 |
| Kennedy-Wilson Holdings, Inc. | &nbsp;&nbsp;2501 | &nbsp;&nbsp;&nbsp;&nbsp;24185 |
| Marcus & Millichap, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;803 | &nbsp;&nbsp;&nbsp;&nbsp;21914 |
| Maui Land & Pineapple Company, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5573 |
| Newmark Group, Inc., Class A | &nbsp;&nbsp;2473 | &nbsp;&nbsp;&nbsp;&nbsp;42882 |
| Offerpad Solutions, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990 |
| Opendoor Technologies, Inc. (A) | 11595 | &nbsp;&nbsp;&nbsp;&nbsp;67599 |
| Tejon Ranch Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7396 |
| The Real Brokerage, Inc. (A) | &nbsp;&nbsp;3503 | &nbsp;&nbsp;&nbsp;&nbsp;12786 |
| The RMR Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6943 |
| The St. Joe Company | &nbsp;&nbsp;&nbsp;&nbsp;946 | &nbsp;&nbsp;&nbsp;&nbsp;56164 |
| Zillow Group, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;937 | &nbsp;&nbsp;&nbsp;&nbsp;63932 |
| Zillow Group, Inc., Class C (A) | &nbsp;&nbsp;2801 | &nbsp;&nbsp;&nbsp;&nbsp;191084 |
|  |  | 2252109 |
| **Residential REITs – 0.2%** | **Residential REITs – 0.2%** |  |
| American Homes 4 Rent, Class A | &nbsp;&nbsp;5826 | &nbsp;&nbsp;&nbsp;&nbsp;187015 |
| Apartment Investment and Management Company, Class A | &nbsp;&nbsp;2640 | &nbsp;&nbsp;&nbsp;&nbsp;15682 |
| AvalonBay Communities, Inc. | &nbsp;&nbsp;2228 | &nbsp;&nbsp;&nbsp;&nbsp;403959 |
| Camden Property Trust | &nbsp;&nbsp;1654 | &nbsp;&nbsp;&nbsp;&nbsp;182072 |
| Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;21017 |
| Elme Communities | &nbsp;&nbsp;1384 | &nbsp;&nbsp;&nbsp;&nbsp;24082 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Residential REITs (continued)** | **Residential REITs (continued)** |  |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;3028 | $&nbsp;&nbsp;&nbsp;&nbsp;183527 |
| Equity Residential | &nbsp;&nbsp;5999 | &nbsp;&nbsp;&nbsp;&nbsp;378177 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;1007 | &nbsp;&nbsp;&nbsp;&nbsp;263512 |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;3607 | &nbsp;&nbsp;&nbsp;&nbsp;63050 |
| Invitation Homes, Inc. | &nbsp;&nbsp;9611 | &nbsp;&nbsp;&nbsp;&nbsp;267090 |
| Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;1823 | &nbsp;&nbsp;&nbsp;&nbsp;253233 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;604 | &nbsp;&nbsp;&nbsp;&nbsp;18180 |
| Sun Communities, Inc. | &nbsp;&nbsp;1967 | &nbsp;&nbsp;&nbsp;&nbsp;243731 |
| UDR, Inc. | &nbsp;&nbsp;5149 | &nbsp;&nbsp;&nbsp;&nbsp;188865 |
| UMH Properties, Inc. | &nbsp;&nbsp;1611 | &nbsp;&nbsp;&nbsp;&nbsp;25631 |
| Veris Residential, Inc. | &nbsp;&nbsp;1753 | &nbsp;&nbsp;&nbsp;&nbsp;26085 |
|  |  | 2744908 |
| **Retail REITs – 0.3%** | **Retail REITs – 0.3%** |  |
| Acadia Realty Trust | &nbsp;&nbsp;2065 | &nbsp;&nbsp;&nbsp;&nbsp;42415 |
| Agree Realty Corp. | &nbsp;&nbsp;1690 | &nbsp;&nbsp;&nbsp;&nbsp;121731 |
| Alexander's, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;20704 |
| Brixmor Property Group, Inc. | &nbsp;&nbsp;4755 | &nbsp;&nbsp;&nbsp;&nbsp;124676 |
| CBL & Associates Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;551 | &nbsp;&nbsp;&nbsp;&nbsp;20387 |
| Curbline Properties Corp. | &nbsp;&nbsp;1720 | &nbsp;&nbsp;&nbsp;&nbsp;39921 |
| Federal Realty Investment Trust | &nbsp;&nbsp;1319 | &nbsp;&nbsp;&nbsp;&nbsp;132955 |
| FrontView REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6731 |
| Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;961 | &nbsp;&nbsp;&nbsp;&nbsp;26303 |
| InvenTrust Properties Corp. | &nbsp;&nbsp;1311 | &nbsp;&nbsp;&nbsp;&nbsp;36983 |
| Kimco Realty Corp. | 10514 | &nbsp;&nbsp;&nbsp;&nbsp;213119 |
| Kite Realty Group Trust | &nbsp;&nbsp;3480 | &nbsp;&nbsp;&nbsp;&nbsp;83416 |
| NETSTREIT Corp. | &nbsp;&nbsp;1393 | &nbsp;&nbsp;&nbsp;&nbsp;24573 |
| NNN REIT, Inc. | &nbsp;&nbsp;2901 | &nbsp;&nbsp;&nbsp;&nbsp;114967 |
| Phillips Edison & Company, Inc. | &nbsp;&nbsp;2038 | &nbsp;&nbsp;&nbsp;&nbsp;72492 |
| Realty Income Corp. | 14309 | &nbsp;&nbsp;&nbsp;&nbsp;806598 |
| Regency Centers Corp. | &nbsp;&nbsp;2816 | &nbsp;&nbsp;&nbsp;&nbsp;194388 |
| Saul Centers, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;391 | &nbsp;&nbsp;&nbsp;&nbsp;12328 |
| Simon Property Group, Inc. | &nbsp;&nbsp;5129 | &nbsp;&nbsp;&nbsp;&nbsp;949429 |
| SITE Centers Corp. | &nbsp;&nbsp;1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8410 |
| Tanger, Inc. | &nbsp;&nbsp;1779 | &nbsp;&nbsp;&nbsp;&nbsp;59365 |
| The Macerich Company | &nbsp;&nbsp;4021 | &nbsp;&nbsp;&nbsp;&nbsp;74228 |
| Urban Edge Properties | &nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;40472 |
| Whitestone REIT | &nbsp;&nbsp;1112 | &nbsp;&nbsp;&nbsp;&nbsp;15446 |
|  |  | 3242037 |
| **Specialized REITs – 0.7%** | **Specialized REITs – 0.7%** |  |
| American Tower Corp. | &nbsp;&nbsp;7365 | 1293073 |
| Crown Castle, Inc. | &nbsp;&nbsp;6855 | &nbsp;&nbsp;&nbsp;&nbsp;609204 |
| CubeSmart | &nbsp;&nbsp;3548 | &nbsp;&nbsp;&nbsp;&nbsp;127905 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;5368 | &nbsp;&nbsp;&nbsp;&nbsp;830483 |
| EPR Properties | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;57385 |
| Equinix, Inc. | &nbsp;&nbsp;1539 | 1179120 |
| Extra Space Storage, Inc. | &nbsp;&nbsp;3338 | &nbsp;&nbsp;&nbsp;&nbsp;434674 |
| Farmland Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8149 |
| Four Corners Property Trust, Inc. | &nbsp;&nbsp;1939 | &nbsp;&nbsp;&nbsp;&nbsp;44713 |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;4426 | &nbsp;&nbsp;&nbsp;&nbsp;197798 |
| Gladstone Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8134 |
| Iron Mountain, Inc. | &nbsp;&nbsp;4646 | &nbsp;&nbsp;&nbsp;&nbsp;385386 |
| Lamar Advertising Company, Class A | &nbsp;&nbsp;1358 | &nbsp;&nbsp;&nbsp;&nbsp;171896 |
| Millrose Properties, Inc., Class A | &nbsp;&nbsp;2434 | &nbsp;&nbsp;&nbsp;&nbsp;72704 |
| National Storage Affiliates Trust | &nbsp;&nbsp;1166 | &nbsp;&nbsp;&nbsp;&nbsp;32893 |
| Outfront Media, Inc. | &nbsp;&nbsp;2641 | &nbsp;&nbsp;&nbsp;&nbsp;63648 |
| PotlatchDeltic Corp. | &nbsp;&nbsp;1261 | &nbsp;&nbsp;&nbsp;&nbsp;50163 |
| Public Storage | &nbsp;&nbsp;2761 | &nbsp;&nbsp;&nbsp;&nbsp;716480 |
| Rayonier, Inc. | &nbsp;&nbsp;2452 | &nbsp;&nbsp;&nbsp;&nbsp;53086 |
| Safehold, Inc. | &nbsp;&nbsp;1364 | &nbsp;&nbsp;&nbsp;&nbsp;18673 |
| SBA Communications Corp. | &nbsp;&nbsp;1682 | &nbsp;&nbsp;&nbsp;&nbsp;325349 |
| Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;869 | &nbsp;&nbsp;&nbsp;&nbsp;26887 |
| VICI Properties, Inc. | 16564 | &nbsp;&nbsp;&nbsp;&nbsp;465780 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 167 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Specialized REITs (continued)** | **Specialized REITs (continued)** |  |
| Weyerhaeuser Company | 11416 | $&nbsp;&nbsp;&nbsp;&nbsp;270445 |
|  |  | &nbsp;&nbsp;&nbsp;7444028 |
|  |  | 23759110 |
| **Utilities – 2.1%** |  |  |
| **Electric utilities – 1.3%** | **Electric utilities – 1.3%** |  |
| Alliant Energy Corp. | &nbsp;&nbsp;4015 | &nbsp;&nbsp;&nbsp;&nbsp;261015 |
| American Electric Power Company, Inc. | &nbsp;&nbsp;8412 | &nbsp;&nbsp;&nbsp;&nbsp;969988 |
| Constellation Energy Corp. | &nbsp;&nbsp;4915 | &nbsp;&nbsp;&nbsp;1736322 |
| Duke Energy Corp. | 12256 | &nbsp;&nbsp;&nbsp;1436526 |
| Edison International | &nbsp;&nbsp;6053 | &nbsp;&nbsp;&nbsp;&nbsp;363301 |
| Entergy Corp. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;647010 |
| Evergy, Inc. | &nbsp;&nbsp;3572 | &nbsp;&nbsp;&nbsp;&nbsp;258934 |
| Eversource Energy | &nbsp;&nbsp;5855 | &nbsp;&nbsp;&nbsp;&nbsp;394217 |
| Exelon Corp. | 15900 | &nbsp;&nbsp;&nbsp;&nbsp;693081 |
| FirstEnergy Corp. | &nbsp;&nbsp;9023 | &nbsp;&nbsp;&nbsp;&nbsp;403960 |
| Genie Energy, Ltd., B Shares | &nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5732 |
| Hawaiian Electric Industries, Inc. (A) | &nbsp;&nbsp;2762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33973 |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;107323 |
| MGE Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48620 |
| NextEra Energy, Inc. | 32414 | &nbsp;&nbsp;&nbsp;2602196 |
| NRG Energy, Inc. | &nbsp;&nbsp;3043 | &nbsp;&nbsp;&nbsp;&nbsp;484567 |
| OGE Energy Corp. | &nbsp;&nbsp;3303 | &nbsp;&nbsp;&nbsp;&nbsp;141038 |
| Oklo, Inc. (A) | &nbsp;&nbsp;2459 | &nbsp;&nbsp;&nbsp;&nbsp;176458 |
| Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp;687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55516 |
| PG&E Corp. | 34497 | &nbsp;&nbsp;&nbsp;&nbsp;554367 |
| Pinnacle West Capital Corp. | &nbsp;&nbsp;1848 | &nbsp;&nbsp;&nbsp;&nbsp;163918 |
| Portland General Electric Company | &nbsp;&nbsp;1703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81727 |
| PPL Corp. | 11625 | &nbsp;&nbsp;&nbsp;&nbsp;407108 |
| The Southern Company | 17313 | &nbsp;&nbsp;&nbsp;1509694 |
| TXNM Energy, Inc. | &nbsp;&nbsp;1632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96092 |
| Xcel Energy, Inc. | &nbsp;&nbsp;9306 | &nbsp;&nbsp;&nbsp;&nbsp;687341 |
|  |  | 14320024 |
| **Gas utilities – 0.1%** | **Gas utilities – 0.1%** |  |
| Atmos Energy Corp. | &nbsp;&nbsp;2511 | &nbsp;&nbsp;&nbsp;&nbsp;420919 |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49405 |
| MDU Resources Group, Inc. | &nbsp;&nbsp;3206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62581 |
| National Fuel Gas Company | &nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;113685 |
| New Jersey Resources Corp. | &nbsp;&nbsp;1688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77851 |
| Northwest Natural Holding Company | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34120 |
| ONE Gas, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73310 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92023 |
| Spire, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76663 |
| UGI Corp. | &nbsp;&nbsp;3357 | &nbsp;&nbsp;&nbsp;&nbsp;125653 |
|  |  | &nbsp;&nbsp;&nbsp;1126210 |
| **Independent power and renewable electricity producers –<br> 0.1%** | **Independent power and renewable electricity producers –<br> 0.1%** |  |
| Clearway Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20172 |
| Clearway Energy, Inc., Class C | &nbsp;&nbsp;1297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43138 |
| Hallador Energy Company (A) | &nbsp;&nbsp;&nbsp;&nbsp;723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13766 |
| Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;962 | &nbsp;&nbsp;&nbsp;&nbsp;106272 |
| Talen Energy Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;&nbsp;269510 |
| The AES Corp. | 11197 | &nbsp;&nbsp;&nbsp;&nbsp;160565 |
| Vistra Corp. | &nbsp;&nbsp;5327 | &nbsp;&nbsp;&nbsp;&nbsp;859405 |
|  |  | &nbsp;&nbsp;&nbsp;1472828 |
| **Multi-utilities – 0.5%** | **Multi-utilities – 0.5%** |  |
| Ameren Corp. | &nbsp;&nbsp;4255 | &nbsp;&nbsp;&nbsp;&nbsp;424904 |
| Avista Corp. | &nbsp;&nbsp;1304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50256 |
| Black Hills Corp. | &nbsp;&nbsp;1144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79416 |
| CenterPoint Energy, Inc. | 10232 | &nbsp;&nbsp;&nbsp;&nbsp;392295 |
| CMS Energy Corp. | &nbsp;&nbsp;4650 | &nbsp;&nbsp;&nbsp;&nbsp;325175 |
| Consolidated Edison, Inc. | &nbsp;&nbsp;5681 | &nbsp;&nbsp;&nbsp;&nbsp;564237 |
| Dominion Energy, Inc. | 13486 | &nbsp;&nbsp;&nbsp;&nbsp;790145 |
| DTE Energy Company | &nbsp;&nbsp;3249 | &nbsp;&nbsp;&nbsp;&nbsp;419056 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Multi-utilities (continued)** | **Multi-utilities (continued)** |  |
| NiSource, Inc. | &nbsp;&nbsp;7341 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306560 |
| Northwestern Energy Group, Inc. | &nbsp;&nbsp;1003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64734 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp;7866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631640 |
| Sempra | 10283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907886 |
| Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12885 |
| WEC Energy Group, Inc. | &nbsp;&nbsp;5054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532995 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5502184 |
| **Water utilities – 0.1%** | **Water utilities – 0.1%** |  |
| American States Water Company | &nbsp;&nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46822 |
| American Water Works Company, Inc. | &nbsp;&nbsp;3195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416948 |
| California Water Service Group | &nbsp;&nbsp;1044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45237 |
| Essential Utilities, Inc. | &nbsp;&nbsp;4498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172543 |
| H2O America | &nbsp;&nbsp;&nbsp;&nbsp;592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29002 |
| Middlesex Water Company | &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14823 |
| The York Water Company | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7960 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733335 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;23154581 |
| TOTAL COMMON STOCKS (Cost $417,863,389) | TOTAL COMMON STOCKS (Cost $417,863,389) | $1105840669 |
| **PREFERRED SECURITIES – 0.0%** |  |  |
| **Consumer discretionary – 0.0%** |  |  |
| **Broadline retail – 0.0%** | **Broadline retail – 0.0%** |  |
| QVC Group, Inc., 8.000% | &nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946 |
| **Financials – 0.0%** |  |  |
| **Capital markets – 0.0%** | **Capital markets – 0.0%** |  |
| CGrowth Capital, Inc. (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427 |
| TOTAL PREFERRED SECURITIES (Cost $71,941) | TOTAL PREFERRED SECURITIES (Cost $71,941) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373 |
| **RIGHTS – 0.0%** |  |  |
| Gen Digital, Inc. (Expiration Date: 4-17-27) (A)(D) | &nbsp;&nbsp;&nbsp;&nbsp;188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829 |
| TOTAL RIGHTS (Cost $733) | TOTAL RIGHTS (Cost $733) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829 |
| **WARRANTS – 0.0%** |  |  |
| Bed Bath & Beyond, Inc. (Expiration Date: 10-7-26; Strike Price: $15.50) (A) | &nbsp;&nbsp;&nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 |
| DeFi Development Corp. (Expiration Date: 1-21-28; Strike Price: $22.50) (A) | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 |
| GameStop Corp. (Expiration Date: 10-30-26; Strike Price: $32.00) (A) | &nbsp;&nbsp;&nbsp;&nbsp;711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2140 |
| M-Tron Industries, Inc. (Expiration Date: 3-11-28; Strike Price: $47.50) (A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
| Nabors Industries, Ltd. (Expiration Date: 6-11-26; Strike Price: $166.67) (A) | &nbsp;&nbsp;&nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| Opendoor Technologies, Inc. (Expiration Date: 11-20-26; Strike Price: $13.00) (A) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 |
| Opendoor Technologies, Inc. (Expiration Date: 11-20-26; Strike Price: $17.00) (A) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156 |
| Opendoor Technologies, Inc. (Expiration Date: 11-20-26; Strike Price: $9.00) (A) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351 |
| TOTAL WARRANTS (Cost $0) | TOTAL WARRANTS (Cost $0) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3028 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 168 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Total Stock Market Index Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **SHORT-TERM INVESTMENTS – 2.9%** | **SHORT-TERM INVESTMENTS – 2.9%** |  |
| **Short-term funds – 2.9%** |  |  |
| John Hancock Collateral Trust, 3.7477% (E)(F) | 3345854 | $&nbsp;&nbsp;&nbsp;&nbsp;33472592 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $33,470,890) | TOTAL SHORT-TERM INVESTMENTS (Cost $33,470,890) | $&nbsp;&nbsp;&nbsp;&nbsp;33472592 |
| **Total Investments (Total Stock Market Index Trust)<br> (Cost $451,406,953) – 100.3%** | **Total Investments (Total Stock Market Index Trust)<br> (Cost $451,406,953) – 100.3%** | $**1139318491** |
| **Other assets and liabilities, net – (0.3%)** | **Other assets and liabilities, net – (0.3%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3738783)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**1135579708** |

---

---

| | |
|:---|:---|
| <u>Security Abbreviations and Legend</u> | <u>Security Abbreviations and Legend</u> |
| CVR | Contingent Value Right |
| (A) | Non-income producing security. |
| (B) | 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. |
| (C) | All or a portion of this security is on loan as of 12-31-25. |
| (D) | Strike price and/or expiration date not available. |
| (E) | The rate shown is the annualized seven-day yield as of 12-31-25. |
| (F) | Investment is an affiliate of the portfolio, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $2,108,778. |

---

#### DERIVATIVES

#### FUTURES

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Open contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Position** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> date** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> basis^** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional<br> value^** | &nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation<br> (depreciation)** |
| Russell 2000 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;$2462702 | &nbsp;&nbsp;&nbsp;&nbsp;$2373100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(89602) |
| S&P 500 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;26020207 | &nbsp;&nbsp;&nbsp;&nbsp;25846874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(173333) |
| S&P Mid 400 E-Mini Index Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;&nbsp;&nbsp;Mar 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1021776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24216) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$(287151)** |

---

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

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

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

#### U.S. Growth Trust

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS – 98.1%** | **COMMON STOCKS – 98.1%** |  |
| **Communication services – 10.3%** |  |  |
| **Interactive media and services – 10.3%** | **Interactive media and services – 10.3%** |  |
| Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171525 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53687325 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22727559 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76414884 |
| **Consumer discretionary – 13.2%** |  |  |
| **Automobiles – 3.0%** | **Automobiles – 3.0%** |  |
| Tesla, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22240003 |
| **Broadline retail – 6.0%** | **Broadline retail – 6.0%** |  |
| Amazon.com, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44327134 |
| **Distributors – 0.9%** | **Distributors – 0.9%** |  |
| Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6751328 |
| **Hotels, restaurants and leisure – 2.8%** | **Hotels, restaurants and leisure – 2.8%** |  |
| Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12949188 |
| DoorDash, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8114325 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21063513 |
| **Specialty retail – 0.5%** | **Specialty retail – 0.5%** |  |
| Chewy, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3504457 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97886435 |
| **Consumer staples – 2.1%** |  |  |
| **Beverages – 1.2%** | **Beverages – 1.2%** |  |
| Monster Beverage Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8676591 |
| **Consumer staples distribution and retail – 0.9%** | **Consumer staples distribution and retail – 0.9%** |  |
| U.S. Foods Holding Corp. (A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6913322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15589913 |
| **Energy – 2.1%** |  |  |
| **Oil, gas and consumable fuels – 2.1%** | **Oil, gas and consumable fuels – 2.1%** |  |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8395857 |
| The Williams Companies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7070078 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15465935 |

---

#### U.S. Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Financials – 9.5%** |  |  |
| **Capital markets – 4.5%** | **Capital markets – 4.5%** |  |
| Evercore, Inc., Class A | &nbsp;&nbsp;27674 | $&nbsp;&nbsp;&nbsp;9416079 |
| Interactive Brokers Group, Inc., Class A | 118941 | &nbsp;&nbsp;&nbsp;7649096 |
| KKR & Company, Inc. | &nbsp;&nbsp;65373 | &nbsp;&nbsp;&nbsp;8333750 |
| Nasdaq, Inc. | &nbsp;&nbsp;83078 | &nbsp;&nbsp;&nbsp;8069366 |
|  |  | 33468291 |
| **Consumer finance – 1.2%** | **Consumer finance – 1.2%** |  |
| American Express Company | &nbsp;&nbsp;24321 | &nbsp;&nbsp;&nbsp;8997554 |
| **Financial services – 3.8%** | **Financial services – 3.8%** |  |
| Mastercard, Inc., Class A | &nbsp;&nbsp;49690 | 28367027 |
|  |  | 70832872 |
| **Health care – 7.6%** |  |  |
| **Biotechnology – 3.0%** | **Biotechnology – 3.0%** |  |
| AbbVie, Inc. | &nbsp;&nbsp;76275 | 17428075 |
| United Therapeutics Corp. (A) | &nbsp;&nbsp;10337 | &nbsp;&nbsp;&nbsp;5036703 |
|  |  | 22464778 |
| **Health care providers and services – 0.9%** | **Health care providers and services – 0.9%** |  |
| Cencora, Inc. | &nbsp;&nbsp;20643 | &nbsp;&nbsp;&nbsp;6972173 |
| **Pharmaceuticals – 3.7%** | **Pharmaceuticals – 3.7%** |  |
| Eli Lilly & Company | &nbsp;&nbsp;25319 | 27209823 |
|  |  | 56646774 |
| **Industrials – 2.3%** |  |  |
| **Air freight and logistics – 1.1%** | **Air freight and logistics – 1.1%** |  |
| CH Robinson Worldwide, Inc. | &nbsp;&nbsp;53818 | &nbsp;&nbsp;&nbsp;8651782 |
| **Trading companies and distributors – 1.2%** | **Trading companies and distributors – 1.2%** |  |
| WESCO International, Inc. | &nbsp;&nbsp;35936 | &nbsp;&nbsp;&nbsp;8791383 |
|  |  | 17443165 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 169 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### U.S. Growth Trust (continued)

---

| | | |
|:---|:---|:---|
|  | **Shares or<br> Principal<br> Amount** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |  |
| **Information technology – 49.2%** |  |  |
| **Electronic equipment, instruments and components – 2.8%** | **Electronic equipment, instruments and components – 2.8%** |  |
| Flex, Ltd. (A) | &nbsp;&nbsp;&nbsp;&nbsp;86738 | $&nbsp;&nbsp;&nbsp;&nbsp;5240710 |
| Jabil, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29123 | &nbsp;&nbsp;&nbsp;&nbsp;6640626 |
| Trimble, Inc. (A) | &nbsp;&nbsp;111839 | &nbsp;&nbsp;&nbsp;&nbsp;8762586 |
|  |  | &nbsp;&nbsp;&nbsp;20643922 |
| **Semiconductors and semiconductor equipment – 23.3%** | **Semiconductors and semiconductor equipment – 23.3%** |  |
| Advanced Micro Devices, Inc. (A) | &nbsp;&nbsp;&nbsp;&nbsp;47947 | &nbsp;&nbsp;&nbsp;10268330 |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21430 | &nbsp;&nbsp;&nbsp;&nbsp;5811816 |
| Applied Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15660 | &nbsp;&nbsp;&nbsp;&nbsp;4024463 |
| Broadcom, Inc. | &nbsp;&nbsp;105052 | &nbsp;&nbsp;&nbsp;36358497 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5005 | &nbsp;&nbsp;&nbsp;&nbsp;6081475 |
| NVIDIA Corp. | &nbsp;&nbsp;553243 | 103179819 |
| NXP Semiconductors NV | &nbsp;&nbsp;&nbsp;&nbsp;36701 | &nbsp;&nbsp;&nbsp;&nbsp;7966319 |
|  |  | 173690719 |
| **Software – 13.5%** | **Software – 13.5%** |  |
| AppLovin Corp., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;12592 | &nbsp;&nbsp;&nbsp;&nbsp;8484741 |
| Microsoft Corp. | &nbsp;&nbsp;174851 | &nbsp;&nbsp;&nbsp;84561441 |
| Palantir Technologies, Inc., Class A (A) | &nbsp;&nbsp;&nbsp;&nbsp;41424 | &nbsp;&nbsp;&nbsp;&nbsp;7363116 |
|  |  | 100409298 |
| **Technology hardware, storage and peripherals – 9.6%** | **Technology hardware, storage and peripherals – 9.6%** |  |
| Apple, Inc. | &nbsp;&nbsp;263479 | &nbsp;&nbsp;&nbsp;71629401 |
|  |  | 366373340 |
| **Real estate – 1.8%** |  |  |
| **Health care REITs – 1.8%** | **Health care REITs – 1.8%** |  |
| Welltower, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72186 | &nbsp;&nbsp;&nbsp;13398443 |
| TOTAL COMMON STOCKS (Cost $557,001,538) | TOTAL COMMON STOCKS (Cost $557,001,538) | $730051761 |
| **EXCHANGE-TRADED FUNDS – 1.4%** | **EXCHANGE-TRADED FUNDS – 1.4%** |  |
| iShares Russell 1000 Growth ETF | &nbsp;&nbsp;&nbsp;&nbsp;22518 | &nbsp;&nbsp;&nbsp;10657769 |
| TOTAL EXCHANGE-TRADED FUNDS (Cost $10,592,136) | TOTAL EXCHANGE-TRADED FUNDS (Cost $10,592,136) | $&nbsp;&nbsp;&nbsp;10657769 |
| **SHORT-TERM INVESTMENTS – 0.5%** | **SHORT-TERM INVESTMENTS – 0.5%** |  |
| **Short-term funds – 0.5%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.7239% (B) | 3921368 | &nbsp;&nbsp;&nbsp;&nbsp;3921368 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,921,368) | TOTAL SHORT-TERM INVESTMENTS (Cost $3,921,368) | $&nbsp;&nbsp;&nbsp;&nbsp;3921368 |
| **Total Investments (U.S. Growth Trust)<br> (Cost $571,515,042) – 100.0%** | **Total Investments (U.S. Growth Trust)<br> (Cost $571,515,042) – 100.0%** | $**744630898** |
| **Other assets and liabilities, net – (0.0%)** | **Other assets and liabilities, net – (0.0%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(175588)** |
| **TOTAL NET ASSETS – 100.0%** | **TOTAL NET ASSETS – 100.0%** | $**744455310** |

---

<u>Security Abbreviations and Legend</u> <br> (A) Non-income producing security. <br> (B) The rate shown is the annualized seven-day yield as of 12-31-25.

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 170 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

The following portfolios had the following country composition as a percentage of net assets on 12-31-25:

#### Equity Income Trust

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;89.7% |
| France | &nbsp;&nbsp;2.3% |
| Ireland | &nbsp;&nbsp;1.6% |
| South Korea | &nbsp;&nbsp;1.5% |
| Germany | &nbsp;&nbsp;1.4% |
| Switzerland | &nbsp;&nbsp;1.4% |
| Canada | &nbsp;&nbsp;1.3% |
| Other countries | &nbsp;&nbsp;0.8% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### Financial Industries Trust

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;80.7% |
| Netherlands | &nbsp;&nbsp;3.1% |
| United Kingdom | &nbsp;&nbsp;3.1% |
| Spain | &nbsp;&nbsp;2.8% |
| Puerto Rico | &nbsp;&nbsp;2.8% |
| Ireland | &nbsp;&nbsp;2.6% |
| Japan | &nbsp;&nbsp;2.1% |
| Switzerland | &nbsp;&nbsp;1.5% |
| Germany | &nbsp;&nbsp;1.3% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### Fundamental Large Cap Value Trust

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;83.7% |
| France | &nbsp;&nbsp;4.2% |
| United Kingdom | &nbsp;&nbsp;3.5% |
| South Korea | &nbsp;&nbsp;2.1% |
| Canada | &nbsp;&nbsp;1.5% |
| Belgium | &nbsp;&nbsp;1.3% |
| Taiwan | &nbsp;&nbsp;1.2% |
| Switzerland | &nbsp;&nbsp;1.0% |
| Other countries | &nbsp;&nbsp;1.5% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### Health Sciences Trust

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;88.2% |
| Netherlands | &nbsp;&nbsp;4.2% |
| United Kingdom | &nbsp;&nbsp;3.3% |
| Denmark | &nbsp;&nbsp;1.9% |
| Other countries | &nbsp;&nbsp;2.4% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### Strategic Equity Allocation Trust

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;64.7% |
| Japan | &nbsp;&nbsp;7.5% |
| United Kingdom | &nbsp;&nbsp;5.1% |
| Switzerland | &nbsp;&nbsp;3.6% |
| France | &nbsp;&nbsp;3.5% |
| Germany | &nbsp;&nbsp;3.3% |
| Australia | &nbsp;&nbsp;2.1% |
| Netherlands | &nbsp;&nbsp;1.8% |
| Spain | &nbsp;&nbsp;1.3% |
| Sweden | &nbsp;&nbsp;1.3% |
| Other countries | &nbsp;&nbsp;5.8% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

The following portfolios had the following sector composition as a percentage of net assets on 12-31-25:

#### Disciplined Value Emerging Markets Equity Trust

---

| | |
|:---|:---|
| Financials | &nbsp;&nbsp;23.6% |
| Communication services | &nbsp;&nbsp;19.1% |
| Information technology | &nbsp;&nbsp;18.1% |
| Consumer discretionary | &nbsp;&nbsp;12.1% |
| Industrials | &nbsp;&nbsp;6.1% |
| Health care | &nbsp;&nbsp;4.6% |
| Materials | &nbsp;&nbsp;4.4% |
| Consumer staples | &nbsp;&nbsp;4.2% |
| Energy | &nbsp;&nbsp;3.8% |
| Utilities | &nbsp;&nbsp;0.1% |
| Short-term investments and other | &nbsp;&nbsp;3.9% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### Disciplined Value International Trust

---

| | |
|:---|:---|
| Financials | &nbsp;&nbsp;25.2% |
| Industrials | &nbsp;&nbsp;18.2% |
| Health care | &nbsp;&nbsp;12.1% |
| Materials | &nbsp;&nbsp;10.4% |
| Information technology | &nbsp;&nbsp;6.9% |
| Consumer staples | &nbsp;&nbsp;6.6% |
| Communication services | &nbsp;&nbsp;6.3% |
| Consumer discretionary | &nbsp;&nbsp;5.9% |
| Energy | &nbsp;&nbsp;3.7% |
| Utilities | &nbsp;&nbsp;2.1% |
| Short-term investments and other | &nbsp;&nbsp;2.6% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 171 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Portfolio of Investments — December 31, 2025 (showing percentage of total net assets)

------

#### Global Equity Trust

---

| | |
|:---|:---|
| Financials | &nbsp;&nbsp;24.7% |
| Industrials | &nbsp;&nbsp;16.8% |
| Information technology | &nbsp;&nbsp;10.5% |
| Health care | &nbsp;&nbsp;9.5% |
| Consumer discretionary | &nbsp;&nbsp;9.3% |
| Materials | &nbsp;&nbsp;8.4% |
| Communication services | &nbsp;&nbsp;5.4% |
| Consumer staples | &nbsp;&nbsp;5.3% |
| Energy | &nbsp;&nbsp;4.6% |
| Utilities | &nbsp;&nbsp;3.6% |
| Real estate | &nbsp;&nbsp;1.0% |
| Short-term investments and other | &nbsp;&nbsp;0.9% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### International Equity Index Trust

---

| | |
|:---|:---|
| Financials | &nbsp;&nbsp;24.8% |
| Information technology | &nbsp;&nbsp;14.5% |
| Industrials | &nbsp;&nbsp;14.5% |
| Consumer discretionary | &nbsp;&nbsp;9.8% |
| Health care | &nbsp;&nbsp;7.8% |
| Materials | &nbsp;&nbsp;6.8% |
| Consumer staples | &nbsp;&nbsp;5.9% |
| Communication services | &nbsp;&nbsp;5.5% |
| Energy | &nbsp;&nbsp;4.3% |
| Utilities | &nbsp;&nbsp;3.1% |
| Real estate | &nbsp;&nbsp;1.4% |
| Short-term investments and other | &nbsp;&nbsp;1.6% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

#### International Small Company Trust

---

| | |
|:---|:---|
| Industrials | &nbsp;&nbsp;24.0% |
| Materials | &nbsp;&nbsp;14.6% |
| Financials | &nbsp;&nbsp;13.5% |
| Consumer discretionary | &nbsp;&nbsp;12.3% |
| Information technology | &nbsp;&nbsp;7.3% |
| Health care | &nbsp;&nbsp;5.5% |
| Consumer staples | &nbsp;&nbsp;5.3% |
| Energy | &nbsp;&nbsp;4.7% |
| Real estate | &nbsp;&nbsp;4.5% |
| Communication services | &nbsp;&nbsp;3.8% |
| Utilities | &nbsp;&nbsp;3.4% |
| Short-term investments and other | &nbsp;&nbsp;1.1% |
| &nbsp;&nbsp;&nbsp;**TOTAL** | &nbsp;&nbsp;**100.0%** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 172 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**500 Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**American Asset Allocation Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**American Global Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**American Growth Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$11990744488 | &nbsp;&nbsp;&nbsp;&nbsp;$1221811478 | &nbsp;&nbsp;&nbsp;&nbsp;$206849099 | &nbsp;&nbsp;&nbsp;&nbsp;$1098571337 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242620997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**12233365485** | &nbsp;&nbsp;&nbsp;&nbsp;**1221811478** | &nbsp;&nbsp;&nbsp;&nbsp;**206849099** | &nbsp;&nbsp;&nbsp;&nbsp;**1098571337** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1620325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18652000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6616128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572516 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33262 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**12260635705** | &nbsp;&nbsp;&nbsp;&nbsp;**1222616967** | &nbsp;&nbsp;&nbsp;&nbsp;**207355195** | &nbsp;&nbsp;&nbsp;&nbsp;**1099177115** |
| **Liabilities** |  |  |  |  |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536784 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30322681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46232 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2862 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41747 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34073521** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**822950** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**533235** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**627625** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$12226562184** | &nbsp;&nbsp;&nbsp;&nbsp;**$1221794017** | &nbsp;&nbsp;&nbsp;&nbsp;**$206821960** | &nbsp;&nbsp;&nbsp;&nbsp;**$1098549490** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$3510552789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$931421876 | &nbsp;&nbsp;&nbsp;&nbsp;$144643196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$589273583 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8716009395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290372141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62178764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509275907 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$12226562184** | &nbsp;&nbsp;&nbsp;&nbsp;**$1221794017** | &nbsp;&nbsp;&nbsp;&nbsp;**$206821960** | &nbsp;&nbsp;&nbsp;&nbsp;**$1098549490** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$3564119122 | &nbsp;&nbsp;&nbsp;&nbsp;$1034195067 | &nbsp;&nbsp;&nbsp;&nbsp;$175497814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$724585775 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$242613465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$8301619307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$422251728 | &nbsp;&nbsp;&nbsp;&nbsp;$65167123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$419510031 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119230954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40794611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4093533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20534617 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.43 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$96385498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$694603305 | &nbsp;&nbsp;&nbsp;&nbsp;$114722273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$587737754 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1385193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67043630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7266722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29444697 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69.58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19.96 |
| **Series III** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$104938984 | &nbsp;&nbsp;&nbsp;&nbsp;$26932564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$91301705 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10144698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1683909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4479794 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10.34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15.99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.38 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$3828557379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54976066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 173 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**American Growth-Income Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**American International Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Blue Chip Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Capital Appreciation Value Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$1002564328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$2192551979 | &nbsp;&nbsp;&nbsp;&nbsp;$489715527 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$388235761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3180226 |
| Repurchase agreements, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647000 |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**1002564328** | &nbsp;&nbsp;&nbsp;&nbsp;**388235761** | &nbsp;&nbsp;&nbsp;&nbsp;**2192551979** | &nbsp;&nbsp;&nbsp;&nbsp;**493542753** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1094719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1885903 |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214897 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510698 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27779 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3374330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101213 |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16167 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**1004072131** | &nbsp;&nbsp;&nbsp;&nbsp;**391624021** | &nbsp;&nbsp;&nbsp;&nbsp;**2194082389** | &nbsp;&nbsp;&nbsp;&nbsp;**497300737** |
| **Liabilities** |  |  |  |  |
| Written options, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268860 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1658187 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1443585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3361025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246190 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3179325 |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20951 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1452 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62751 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1531941** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3564345** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**767101** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6437716** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$1002540190** | &nbsp;&nbsp;&nbsp;&nbsp;**$388059676** | &nbsp;&nbsp;&nbsp;&nbsp;**$2193315288** | &nbsp;&nbsp;&nbsp;&nbsp;**$490863021** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$587740264 | &nbsp;&nbsp;&nbsp;&nbsp;$340550082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$927170564 | &nbsp;&nbsp;&nbsp;&nbsp;$398893727 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414799926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47509594 | &nbsp;&nbsp;&nbsp;&nbsp;1266144724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91969294 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$1002540190** | &nbsp;&nbsp;&nbsp;&nbsp;**$388059676** | &nbsp;&nbsp;&nbsp;&nbsp;**$2193315288** | &nbsp;&nbsp;&nbsp;&nbsp;**$490863021** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$781957747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$1187310435 | &nbsp;&nbsp;&nbsp;&nbsp;$464158507 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$322189863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3180290 |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$191976 |
| Premiums received on written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$943927 |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$136540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6385701 |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$404624453 | &nbsp;&nbsp;&nbsp;&nbsp;$153974919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$368385695 | &nbsp;&nbsp;&nbsp;&nbsp;$10807515 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21350666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8329984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10703594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900744 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34.42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.00 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$422218208 | &nbsp;&nbsp;&nbsp;&nbsp;$207397737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$114155550 | &nbsp;&nbsp;&nbsp;&nbsp;$223975526 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22464937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11225326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3690361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18859632 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.88 |
| **Series III** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$175697529 | &nbsp;&nbsp;&nbsp;&nbsp;$26687020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9303057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1452507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$1710774043 | &nbsp;&nbsp;&nbsp;&nbsp;$256079980 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49385369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21448145 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.94 |

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| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 174 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Disciplined Value International Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Equity Income Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Financial Industries Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$269656487 | &nbsp;&nbsp;&nbsp;&nbsp;$341595458 | &nbsp;&nbsp;&nbsp;&nbsp;$866304651 | &nbsp;&nbsp;&nbsp;&nbsp;$138369658 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4834268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15138999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3646260 |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**269656487** | &nbsp;&nbsp;&nbsp;&nbsp;**346429726** | &nbsp;&nbsp;&nbsp;&nbsp;**881443650** | &nbsp;&nbsp;&nbsp;&nbsp;**142015918** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1641134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87 |
| Collateral segregated at custodian for OTC derivative contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;654545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1842506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196546 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22826 |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5130 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**272340618** | &nbsp;&nbsp;&nbsp;&nbsp;**348406932** | &nbsp;&nbsp;&nbsp;&nbsp;**883525301** | &nbsp;&nbsp;&nbsp;&nbsp;**142241106** |
| **Liabilities** |  |  |  |  |
| Swap contracts, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Due to custodian | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22826 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1353554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1771225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174585 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4834143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15139100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2379931 |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5648 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31847 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1583907** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5254868** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17204913** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2615340** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$270756711** | &nbsp;&nbsp;&nbsp;&nbsp;**$343152064** | &nbsp;&nbsp;&nbsp;&nbsp;**$866320388** | &nbsp;&nbsp;&nbsp;&nbsp;**$139625766** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$254594888 | &nbsp;&nbsp;&nbsp;&nbsp;$251343448 | &nbsp;&nbsp;&nbsp;&nbsp;$458796821 | &nbsp;&nbsp;&nbsp;&nbsp;$92272530 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16161823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91808616 | &nbsp;&nbsp;&nbsp;&nbsp;407523567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47353236 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$270756711** | &nbsp;&nbsp;&nbsp;&nbsp;**$343152064** | &nbsp;&nbsp;&nbsp;&nbsp;**$866320388** | &nbsp;&nbsp;&nbsp;&nbsp;**$139625766** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$242720812 | &nbsp;&nbsp;&nbsp;&nbsp;$285689427 | &nbsp;&nbsp;&nbsp;&nbsp;$693964785 | &nbsp;&nbsp;&nbsp;&nbsp;$113228532 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4834144 | &nbsp;&nbsp;&nbsp;&nbsp;$15139105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3646285 |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1609929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$984783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$87 |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4594751 | &nbsp;&nbsp;&nbsp;&nbsp;$14724564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2326331 |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6516192 | &nbsp;&nbsp;&nbsp;&nbsp;$83419507 | &nbsp;&nbsp;&nbsp;&nbsp;$212368539 | &nbsp;&nbsp;&nbsp;&nbsp;$87791834 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4638948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16125672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5874667 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17.98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.94 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$23350598 | &nbsp;&nbsp;&nbsp;&nbsp;$50099580 | &nbsp;&nbsp;&nbsp;&nbsp;$97375944 | &nbsp;&nbsp;&nbsp;&nbsp;$18542770 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1903717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2791887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7484967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1259528 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.72 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$240889921 | &nbsp;&nbsp;&nbsp;&nbsp;$209632977 | &nbsp;&nbsp;&nbsp;&nbsp;$556575905 | &nbsp;&nbsp;&nbsp;&nbsp;$33291162 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19663966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11785791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42735638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2239277 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.87 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 175 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Fundamental All Cap Core Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Fundamental Large Cap Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Global Equity Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Health Sciences Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$2534951189 | &nbsp;&nbsp;&nbsp;&nbsp;$806063572 | &nbsp;&nbsp;&nbsp;&nbsp;$300904411 | &nbsp;&nbsp;&nbsp;&nbsp;$245509240 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34359483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31531614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**2569310672** | &nbsp;&nbsp;&nbsp;&nbsp;**837595186** | &nbsp;&nbsp;&nbsp;&nbsp;**300904411** | &nbsp;&nbsp;&nbsp;&nbsp;**245509240** |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1087640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1509933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140218 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674999 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9543 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**2570955587** | &nbsp;&nbsp;&nbsp;&nbsp;**838574377** | &nbsp;&nbsp;&nbsp;&nbsp;**302530469** | &nbsp;&nbsp;&nbsp;&nbsp;**246334395** |
| **Liabilities** |  |  |  |  |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76130 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1178716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1774670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68872 |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10254 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43327 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1507951** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**741467** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1835819** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**199376** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$2569447636** | &nbsp;&nbsp;&nbsp;&nbsp;**$837832910** | &nbsp;&nbsp;&nbsp;&nbsp;**$300694650** | &nbsp;&nbsp;&nbsp;&nbsp;**$246135019** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$1410297461 | &nbsp;&nbsp;&nbsp;&nbsp;$511236882 | &nbsp;&nbsp;&nbsp;&nbsp;$217489816 | &nbsp;&nbsp;&nbsp;&nbsp;$177278517 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;1159150175 | &nbsp;&nbsp;&nbsp;&nbsp;326596028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83204834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68856502 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$2569447636** | &nbsp;&nbsp;&nbsp;&nbsp;**$837832910** | &nbsp;&nbsp;&nbsp;&nbsp;**$300694650** | &nbsp;&nbsp;&nbsp;&nbsp;**$246135019** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$1898865761 | &nbsp;&nbsp;&nbsp;&nbsp;$593643842 | &nbsp;&nbsp;&nbsp;&nbsp;$245675549 | &nbsp;&nbsp;&nbsp;&nbsp;$196997460 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34360386 | &nbsp;&nbsp;&nbsp;&nbsp;$31531363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1077742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$379 |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$137846100 | &nbsp;&nbsp;&nbsp;&nbsp;$467136179 | &nbsp;&nbsp;&nbsp;&nbsp;$219783311 | &nbsp;&nbsp;&nbsp;&nbsp;$46477946 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4521044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17344822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9100798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009358 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30.49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23.13 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$43774176 | &nbsp;&nbsp;&nbsp;&nbsp;$148040278 | &nbsp;&nbsp;&nbsp;&nbsp;$20485968 | &nbsp;&nbsp;&nbsp;&nbsp;$42264196 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1447448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5429393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2219759 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30.24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23.91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19.04 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$2387827360 | &nbsp;&nbsp;&nbsp;&nbsp;$222656453 | &nbsp;&nbsp;&nbsp;&nbsp;$60425371 | &nbsp;&nbsp;&nbsp;&nbsp;$157392877 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77456399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8258631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2504290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6570387 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30.83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23.95 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 176 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**International Equity Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**International Small Company Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Lifestyle Conservative Portfolio** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$1188164520 | &nbsp;&nbsp;&nbsp;&nbsp;$112747533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4789454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2371341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$998822277 | &nbsp;&nbsp;&nbsp;&nbsp;$149372423 |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**1192953974** | &nbsp;&nbsp;&nbsp;&nbsp;**115118874** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**998822277** | &nbsp;&nbsp;&nbsp;&nbsp;**149372423** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2765122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3704048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8468 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1085240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31760 |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6764 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**1200709888** | &nbsp;&nbsp;&nbsp;&nbsp;**116545107** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**999955623** | &nbsp;&nbsp;&nbsp;&nbsp;**149419891** |
| **Liabilities** |  |  |  |  |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign capital gains tax payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2936850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1048970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38226 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2619745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2369403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6375 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17400 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7205369** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2522940** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1157954** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**62570** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$1193504519** | &nbsp;&nbsp;&nbsp;&nbsp;**$114022167** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$998797669** | &nbsp;&nbsp;&nbsp;&nbsp;**$149357321** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$684811979 | &nbsp;&nbsp;&nbsp;&nbsp;$96294342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$980929755 | &nbsp;&nbsp;&nbsp;&nbsp;$166820160 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508692540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17727825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17867914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17462839) |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$1193504519** | &nbsp;&nbsp;&nbsp;&nbsp;**$114022167** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$998797669** | &nbsp;&nbsp;&nbsp;&nbsp;**$149357321** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$690327139 | &nbsp;&nbsp;&nbsp;&nbsp;$101714510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3768673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2371307 | &nbsp;&nbsp;&nbsp;&nbsp;$1017433785 | &nbsp;&nbsp;&nbsp;&nbsp;$160401223 |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2744956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$255511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2550863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2235118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$402735123 | &nbsp;&nbsp;&nbsp;&nbsp;$21199513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36093417 | &nbsp;&nbsp;&nbsp;&nbsp;$12803115 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16399202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1323551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2629399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073458 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.93 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19798278 | &nbsp;&nbsp;&nbsp;&nbsp;$16148684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$730010120 | &nbsp;&nbsp;&nbsp;&nbsp;$129259614 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1010587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52942403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10802925 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24.58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15.98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.97 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$770971118 | &nbsp;&nbsp;&nbsp;&nbsp;$76673970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$232694132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7294592 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31402385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4782953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16984006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612582 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.91 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 177 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Mid Cap Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Mid Cap Index Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$618275298 | &nbsp;&nbsp;&nbsp;&nbsp;$1136442788 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;$5183499258 | &nbsp;&nbsp;&nbsp;&nbsp;$270241512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3302510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41460269 |
| Repurchase agreements, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**5183499258** | &nbsp;&nbsp;&nbsp;&nbsp;**270241512** | &nbsp;&nbsp;&nbsp;&nbsp;**633077808** | &nbsp;&nbsp;&nbsp;&nbsp;**1177903057** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310607 |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3433100 |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307919 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16206 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2764 |
| Receivable from affiliates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41870 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**5186019388** | &nbsp;&nbsp;&nbsp;&nbsp;**270271740** | &nbsp;&nbsp;&nbsp;&nbsp;**633464806** | &nbsp;&nbsp;&nbsp;&nbsp;**1183015523** |
| **Liabilities** |  |  |  |  |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478238 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2658586 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2252442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628890 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3303050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3281253 |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49299 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3452 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109884 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2647697** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47850** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3450674** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8209602** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$5183371691** | &nbsp;&nbsp;&nbsp;&nbsp;**$270223890** | &nbsp;&nbsp;&nbsp;&nbsp;**$630014132** | &nbsp;&nbsp;&nbsp;&nbsp;**$1174805921** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$4736509611 | &nbsp;&nbsp;&nbsp;&nbsp;$277181551 | &nbsp;&nbsp;&nbsp;&nbsp;$541067431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$795008572 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446862080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6957661) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88946701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379797349 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$5183371691** | &nbsp;&nbsp;&nbsp;&nbsp;**$270223890** | &nbsp;&nbsp;&nbsp;&nbsp;**$630014132** | &nbsp;&nbsp;&nbsp;&nbsp;**$1174805921** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$543196970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$846465126 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$5166499813 | &nbsp;&nbsp;&nbsp;&nbsp;$282137253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3302510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41458459 |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3227788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3214367 |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$196839947 | &nbsp;&nbsp;&nbsp;&nbsp;$11935101 | &nbsp;&nbsp;&nbsp;&nbsp;$134187477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$807743882 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13561158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11708338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38697025 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11.46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.87 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$4254928639 | &nbsp;&nbsp;&nbsp;&nbsp;$207008330 | &nbsp;&nbsp;&nbsp;&nbsp;$57745056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$48803168 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292230489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15780062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6473514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2361516 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.67 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$731603105 | &nbsp;&nbsp;&nbsp;&nbsp;$51280459 | &nbsp;&nbsp;&nbsp;&nbsp;$438081599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$318258871 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50462612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3929785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36356843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15246679 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.87 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 178 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Mid Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Securities Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Science & Technology Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Small Cap Core Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$585917625 | &nbsp;&nbsp;&nbsp;&nbsp;$293948490 | &nbsp;&nbsp;&nbsp;&nbsp;$1197316051 | &nbsp;&nbsp;&nbsp;&nbsp;$286021556 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10052151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6550722 |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**595969776** | &nbsp;&nbsp;&nbsp;&nbsp;**293948490** | &nbsp;&nbsp;&nbsp;&nbsp;**1198480097** | &nbsp;&nbsp;&nbsp;&nbsp;**292572278** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;771624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1053610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197731 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21468 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4482328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318844 |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14539 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**596833102** | &nbsp;&nbsp;&nbsp;&nbsp;**295142034** | &nbsp;&nbsp;&nbsp;&nbsp;**1203233802** | &nbsp;&nbsp;&nbsp;&nbsp;**293124860** |
| **Liabilities** |  |  |  |  |
| Due to custodian | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154939 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104151 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9912525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12099 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1226 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77061 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11647334** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**485605** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3287576** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**349476** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$585185768** | &nbsp;&nbsp;&nbsp;&nbsp;**$294656429** | &nbsp;&nbsp;&nbsp;&nbsp;**$1199946226** | &nbsp;&nbsp;&nbsp;&nbsp;**$292775384** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$476857104 | &nbsp;&nbsp;&nbsp;&nbsp;$256813443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$767617596 | &nbsp;&nbsp;&nbsp;&nbsp;$276857225 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;108328664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37842986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432328630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15918159 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$585185768** | &nbsp;&nbsp;&nbsp;&nbsp;**$294656429** | &nbsp;&nbsp;&nbsp;&nbsp;**$1199946226** | &nbsp;&nbsp;&nbsp;&nbsp;**$292775384** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$516325402 | &nbsp;&nbsp;&nbsp;&nbsp;$267163832 | &nbsp;&nbsp;&nbsp;&nbsp;$1056145064 | &nbsp;&nbsp;&nbsp;&nbsp;$260697381 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$10052336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1164079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6550638 |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;$22189564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1133762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$218973535 | &nbsp;&nbsp;&nbsp;&nbsp;$43149478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$910422292 | &nbsp;&nbsp;&nbsp;&nbsp;$104567571 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23407400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2135297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36147259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8500068 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.30 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$48103277 | &nbsp;&nbsp;&nbsp;&nbsp;$20093463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$67512522 | &nbsp;&nbsp;&nbsp;&nbsp;$15500271 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5134176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3431677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1276995 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19.67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.14 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$318108956 | &nbsp;&nbsp;&nbsp;&nbsp;$231413488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$222011412 | &nbsp;&nbsp;&nbsp;&nbsp;$172707542 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34484505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11551108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8362095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14141808 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12.21 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 179 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Small Cap Opportunities Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Small Cap Stock Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Small Company Value Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$533923590 | &nbsp;&nbsp;&nbsp;&nbsp;$180633888 | &nbsp;&nbsp;&nbsp;&nbsp;$262352351 | &nbsp;&nbsp;&nbsp;&nbsp;$127453749 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32545813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11475949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648753 |
| Repurchase agreements, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**566469403** | &nbsp;&nbsp;&nbsp;&nbsp;**192109837** | &nbsp;&nbsp;&nbsp;&nbsp;**269027837** | &nbsp;&nbsp;&nbsp;&nbsp;**128102502** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393492 |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1493100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162654 |
| Receivable for fund shares sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4972 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**569033327** | &nbsp;&nbsp;&nbsp;&nbsp;**192371006** | &nbsp;&nbsp;&nbsp;&nbsp;**269265162** | &nbsp;&nbsp;&nbsp;&nbsp;**128664518** |
| **Liabilities** |  |  |  |  |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Due to custodian | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4675 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98611 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15456269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11476662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648540 |
| Payable to affiliates |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5345 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30741 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16016857** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11886952** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4342437** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**788386** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$553016470** | &nbsp;&nbsp;&nbsp;&nbsp;**$180484054** | &nbsp;&nbsp;&nbsp;&nbsp;**$264922725** | &nbsp;&nbsp;&nbsp;&nbsp;**$127876132** |
| **Net assets consist of** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$381472244 | &nbsp;&nbsp;&nbsp;&nbsp;$137350076 | &nbsp;&nbsp;&nbsp;&nbsp;$234540328 | &nbsp;&nbsp;&nbsp;&nbsp;$95515579 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;171544226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43133978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30382397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32360553 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$553016470** | &nbsp;&nbsp;&nbsp;&nbsp;**$180484054** | &nbsp;&nbsp;&nbsp;&nbsp;**$264922725** | &nbsp;&nbsp;&nbsp;&nbsp;**$127876132** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$393030081 | &nbsp;&nbsp;&nbsp;&nbsp;$156686180 | &nbsp;&nbsp;&nbsp;&nbsp;$206883797 | &nbsp;&nbsp;&nbsp;&nbsp;$103544557 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$32545283 | &nbsp;&nbsp;&nbsp;&nbsp;$11476167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4275596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$648753 |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;$49425663 | &nbsp;&nbsp;&nbsp;&nbsp;$12357782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5482190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$633494 |
| **Net asset value per share** |  |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |  |
| **Series I** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$361221336 | &nbsp;&nbsp;&nbsp;&nbsp;$82773727 | &nbsp;&nbsp;&nbsp;&nbsp;$35064444 | &nbsp;&nbsp;&nbsp;&nbsp;$38773884 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24434029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2990906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4778659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4140317 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7.34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9.36 |
| **Series II** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$23668237 | &nbsp;&nbsp;&nbsp;&nbsp;$26043496 | &nbsp;&nbsp;&nbsp;&nbsp;$17269366 | &nbsp;&nbsp;&nbsp;&nbsp;$26640660 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1618035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2782422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3074365 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8.67 |
| **Series NAV** |  |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$168126897 | &nbsp;&nbsp;&nbsp;&nbsp;$71666831 | &nbsp;&nbsp;&nbsp;&nbsp;$212588915 | &nbsp;&nbsp;&nbsp;&nbsp;$62461588 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11347487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2620664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27925904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6728594 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14.82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9.28 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 180 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of assets and liabilities — December 31, 2025

------

---

| | | | |
|:---|:---|:---|:---|
| **Assets** | &nbsp;&nbsp;&nbsp;&nbsp;**Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**U.S. Growth Trust** |
| Unaffiliated investments, at value (including securities loaned) | &nbsp;&nbsp;&nbsp;&nbsp;$6671218874 | &nbsp;&nbsp;&nbsp;&nbsp;$1105845899 | &nbsp;&nbsp;&nbsp;&nbsp;$744630898 |
| Affiliated investments, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254359216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33472592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments, at value** | &nbsp;&nbsp;&nbsp;&nbsp;**6925578090** | &nbsp;&nbsp;&nbsp;&nbsp;**1139318491** | &nbsp;&nbsp;&nbsp;&nbsp;**744630898** |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3489829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Collateral held at broker for futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34705700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2527800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends and interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16245786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135300 |
| Receivable for investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Receivable for securities lending income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19686 |
| **Total assets** | &nbsp;&nbsp;&nbsp;&nbsp;**6980464945** | &nbsp;&nbsp;&nbsp;&nbsp;**1142592931** | &nbsp;&nbsp;&nbsp;&nbsp;**744786129** |
| **Liabilities** |  |  |  |
| Payable for futures variation margin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1525053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Due to custodian | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
| Payable for investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1104417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9107 |
| Payable for fund shares repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3306397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4480538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212044 |
| Payable upon return of securities loaned | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28690152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Payable to affiliates |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31674 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1924 |
| Other liabilities and accrued expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76024 |
| **Total liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37627315** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7013223** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**330819** |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$6942837630** | &nbsp;&nbsp;&nbsp;&nbsp;**$1135579708** | &nbsp;&nbsp;&nbsp;&nbsp;**$744455310** |
| **Net assets consist of** |  |  |  |
| Paid-in capital | &nbsp;&nbsp;&nbsp;&nbsp;$2282463925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$358124857 | &nbsp;&nbsp;&nbsp;&nbsp;$348548669 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;4660373705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777454851 | &nbsp;&nbsp;&nbsp;&nbsp;395906641 |
| **Net assets** | &nbsp;&nbsp;&nbsp;&nbsp;**$6942837630** | &nbsp;&nbsp;&nbsp;&nbsp;**$1135579708** | &nbsp;&nbsp;&nbsp;&nbsp;**$744455310** |
| Unaffiliated investments, including repurchase agreements, at cost | &nbsp;&nbsp;&nbsp;&nbsp;$2876118967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$417936063 | &nbsp;&nbsp;&nbsp;&nbsp;$571515042 |
| Affiliated investments, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$254355224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33470890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Foreign currency, at cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3469781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities loaned, at value | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25992378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2036871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Net asset value per share** |  |  |  |
| The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. |  |  |
| **Series I** |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$570096647 | &nbsp;&nbsp;&nbsp;&nbsp;$244644533 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17492878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36717835 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32.59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.66 |
| **Series II** |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$50222421 | &nbsp;&nbsp;&nbsp;&nbsp;$68508378 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1553126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14281893 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32.34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4.80 |
| **Series NAV** |  |  |  |
| Net assets | &nbsp;&nbsp;&nbsp;&nbsp;$6942837630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$515260640 | &nbsp;&nbsp;&nbsp;&nbsp;$431302399 |
| Shares outstanding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370265618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15808670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63539197 |
| Net asset value, offering price and redemption price per share | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32.59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.79 |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 181 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**500 Index Trust** | &nbsp;&nbsp;&nbsp;**American Asset Allocation Trust** | &nbsp;&nbsp;&nbsp;**American Global Growth Trust** | &nbsp;&nbsp;&nbsp;**American Growth Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$136691119 | &nbsp;&nbsp;&nbsp;&nbsp;$26340991 | &nbsp;&nbsp;&nbsp;&nbsp;$3150909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2557538 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10659275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32233) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**148405743** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26340991** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3150909** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2557538** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51822649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4077742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7834153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6844755 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179534 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28984 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12005 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49783 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45417 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28059 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**61139081** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8222872** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1428583** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7188537** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28854971) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(519429) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(107065) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(610454) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32284110** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7703443** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1321518** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6578083** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**116121633** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18637548** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1829391** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4020545)** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247837244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25590077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6929429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63122171 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Capital gain distributions received from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83027294 | &nbsp;&nbsp;&nbsp;&nbsp;24500104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82989948 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26180720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**274110542** | &nbsp;&nbsp;&nbsp;&nbsp;**108617371** | &nbsp;&nbsp;&nbsp;&nbsp;**31429533** | &nbsp;&nbsp;&nbsp;&nbsp;**146112119** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;1459397246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43921662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5278698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50998333 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(83388) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10344548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**1469658406** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**43921662** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5278698** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**50998333** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**1743768948** | &nbsp;&nbsp;&nbsp;&nbsp;**152539033** | &nbsp;&nbsp;&nbsp;&nbsp;**36708231** | &nbsp;&nbsp;&nbsp;&nbsp;**197110452** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$1859890581** | &nbsp;&nbsp;&nbsp;**$171176581** | &nbsp;&nbsp;&nbsp;**$38537622** | &nbsp;&nbsp;&nbsp;**$193089907** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 182 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**American Growth-Income Trust** | &nbsp;&nbsp;&nbsp;**American International Trust** | &nbsp;&nbsp;&nbsp;**Blue Chip Growth Trust** | &nbsp;&nbsp;&nbsp;**Capital Appreciation Value Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;$10951618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$10208095 | &nbsp;&nbsp;&nbsp;&nbsp;$3949331 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$5702653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8589061 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7104 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52950) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54290) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10951618** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5702653** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10547872** | &nbsp;&nbsp;&nbsp;&nbsp;**12491206** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14945800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4011182 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5828069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577027 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83519 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13226 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71541 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33326 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74098 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30860 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6155326** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2750362** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16388762** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4894779** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(375273) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(133681) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(781183) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(239416) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5780053** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2616681** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15607579** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4655363** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5171565** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3085972** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5059707)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7835843** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42463954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;273893849 | &nbsp;&nbsp;&nbsp;&nbsp;61178022 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3331260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358 |
| Capital gain distributions received from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;160299317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480484 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**202763271** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3331260)** | &nbsp;&nbsp;&nbsp;&nbsp;**273893849** | &nbsp;&nbsp;&nbsp;&nbsp;**61658864** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49211860) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89178644 | &nbsp;&nbsp;&nbsp;&nbsp;(16493871) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;86182360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(65) |
| Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(520441) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(49211860)** | &nbsp;&nbsp;&nbsp;&nbsp;**86182360** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**89178644** | &nbsp;&nbsp;&nbsp;&nbsp;**(17014377)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**153551411** | &nbsp;&nbsp;&nbsp;&nbsp;**82851100** | &nbsp;&nbsp;&nbsp;&nbsp;**363072493** | &nbsp;&nbsp;&nbsp;&nbsp;**44644487** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$158722976** | &nbsp;&nbsp;&nbsp;**$85937072** | &nbsp;&nbsp;&nbsp;**$358012786** | &nbsp;&nbsp;&nbsp;**$52480330** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 183 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;**Disciplined Value International Trust** | &nbsp;&nbsp;&nbsp;**Equity Income Trust** | &nbsp;&nbsp;&nbsp;**Financial Industries Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;$9174329 | &nbsp;&nbsp;&nbsp;&nbsp;$9157383 | &nbsp;&nbsp;&nbsp;&nbsp;$22473476 | &nbsp;&nbsp;&nbsp;&nbsp;$2836017 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104042 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2280 |
| Other income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(777950) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(885324) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(442332) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67811) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8506419** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8343581** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22058857** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2874560** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1858384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6279301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1080863 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85776 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23326 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3940 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29044 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21889 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41804 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23568 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2314871** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2531677** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7116924** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1310210** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21311) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26026) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(314715) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12980) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2293560** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2505651** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6802209** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1297230** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6212859** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5837930** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15256648** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1577330** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;32279107 | &nbsp;&nbsp;&nbsp;&nbsp;31149814 | &nbsp;&nbsp;&nbsp;&nbsp;231490357 | &nbsp;&nbsp;&nbsp;&nbsp;20667232 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(542) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542 |
| Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**32819313** | &nbsp;&nbsp;&nbsp;&nbsp;**31149272** | &nbsp;&nbsp;&nbsp;&nbsp;**231489948** | &nbsp;&nbsp;&nbsp;&nbsp;**20667774** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;28855108 | &nbsp;&nbsp;&nbsp;&nbsp;62826445 | &nbsp;&nbsp;&nbsp;&nbsp;(106201404) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7253581) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**28875485** | &nbsp;&nbsp;&nbsp;&nbsp;**62826573** | &nbsp;&nbsp;&nbsp;&nbsp;**(106201416)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(7253572)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**61694798** | &nbsp;&nbsp;&nbsp;&nbsp;**93975845** | &nbsp;&nbsp;&nbsp;&nbsp;**125288532** | &nbsp;&nbsp;&nbsp;&nbsp;**13414202** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$67907657** | &nbsp;&nbsp;&nbsp;**$99813775** | &nbsp;&nbsp;&nbsp;**$140545180** | &nbsp;&nbsp;&nbsp;**$14991532** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 184 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Fundamental All Cap Core Trust** | &nbsp;&nbsp;&nbsp;**Fundamental Large Cap Value Trust** | &nbsp;&nbsp;&nbsp;**Global Equity Trust** | &nbsp;&nbsp;&nbsp;**Health Sciences Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;$24911039 | &nbsp;&nbsp;&nbsp;&nbsp;$13901418 | &nbsp;&nbsp;&nbsp;&nbsp;$6122289 | &nbsp;&nbsp;&nbsp;&nbsp;$1588308 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6926 |
| Non-cash dividends | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4331505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(333659) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(354155) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(383679) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27815) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29762825** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15022836** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5738610** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1567419** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16897025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5533549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2360114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1933716 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122686 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39739 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6262 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39225 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135377 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91758 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19788 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18229559** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6568533** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2792947** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2388551** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(227919) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100735) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25609) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(117905) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18001640** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6467798** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2767338** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2270646** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11761185** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8555038** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2971272** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(703227)** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;513228867 | &nbsp;&nbsp;&nbsp;&nbsp;105602279 | &nbsp;&nbsp;&nbsp;&nbsp;25115371 | &nbsp;&nbsp;&nbsp;&nbsp;22627559 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(640) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**513231101** | &nbsp;&nbsp;&nbsp;&nbsp;**105601639** | &nbsp;&nbsp;&nbsp;&nbsp;**25115371** | &nbsp;&nbsp;&nbsp;&nbsp;**22627559** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;(412524514) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4904641 | &nbsp;&nbsp;&nbsp;&nbsp;21059603 | &nbsp;&nbsp;&nbsp;&nbsp;18582196 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(473) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(163) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**(412524987)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4904478** | &nbsp;&nbsp;&nbsp;&nbsp;**21059603** | &nbsp;&nbsp;&nbsp;&nbsp;**18582196** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**100706114** | &nbsp;&nbsp;&nbsp;&nbsp;**110506117** | &nbsp;&nbsp;&nbsp;&nbsp;**46174974** | &nbsp;&nbsp;&nbsp;&nbsp;**41209755** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$112467299** | &nbsp;&nbsp;&nbsp;**$119061155** | &nbsp;&nbsp;&nbsp;**$49146246** | &nbsp;&nbsp;&nbsp;**$40506528** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 185 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**International Equity Index Trust** | &nbsp;&nbsp;&nbsp;**International Small Company Trust** | &nbsp;&nbsp;&nbsp;**Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Conservative Portfolio** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;$31064606 | &nbsp;&nbsp;&nbsp;&nbsp;$3499282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$28172291 | &nbsp;&nbsp;&nbsp;&nbsp;$5425905 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3190096) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(328259) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**28140378** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3259231** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**28172291** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5425905** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5478929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63449 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1835907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336623 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26427 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4292 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21740 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24423 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31012 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13469 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7064679** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1103358** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2603238** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**521435** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3163289) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8992) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49002) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67258) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3901390** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1094366** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2554236** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**454177** |
| **Net investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24238988** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2164865** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25618055** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4971728** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4068085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6151769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5825915) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2597932) |
| Capital gain distributions received from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55714856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3340232 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7716466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11814980** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6288419** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**49888941** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**742300** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;261172478 | &nbsp;&nbsp;&nbsp;&nbsp;22222965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(152) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51151794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8497467 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**261880271** | &nbsp;&nbsp;&nbsp;&nbsp;**22261609** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**51151794** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8497467** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**273695251** | &nbsp;&nbsp;&nbsp;&nbsp;**28550028** | &nbsp;&nbsp;&nbsp;&nbsp;**101040735** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9239767** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$297934239** | &nbsp;&nbsp;&nbsp;**$30714893** | &nbsp;&nbsp;&nbsp;**$126658790** | &nbsp;&nbsp;&nbsp;**$14211495** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 186 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;**Mid Cap Growth Trust** | &nbsp;&nbsp;&nbsp;**Mid Cap Index Trust** |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;$117926096 | &nbsp;&nbsp;&nbsp;&nbsp;$8336549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$1060584 |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$2147260 | &nbsp;&nbsp;&nbsp;&nbsp;16899493 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104719 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24702 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12897) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;**117926096** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8336549** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2621077** | &nbsp;&nbsp;&nbsp;&nbsp;**18076601** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2124603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5299086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5551025 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10632072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541214 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202604 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33103 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141484 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69247 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61587 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52826 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14311032** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**789473** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5858525** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6653090** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(254687) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58590) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55132) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1292885) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14056345** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**730883** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5803393** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5360205** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**103869751** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7605666** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3182316)** | &nbsp;&nbsp;&nbsp;&nbsp;**12716396** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;83279109 | &nbsp;&nbsp;&nbsp;&nbsp;84999588 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53636642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(447684) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(990) |
| Capital gain distributions received from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;406850341 | &nbsp;&nbsp;&nbsp;&nbsp;11988472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33460 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**460487420** | &nbsp;&nbsp;&nbsp;&nbsp;**11540788** | &nbsp;&nbsp;&nbsp;&nbsp;**83278985** | &nbsp;&nbsp;&nbsp;&nbsp;**85032058** |
| **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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(41651141) | &nbsp;&nbsp;&nbsp;&nbsp;(19599964) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;214470186 | &nbsp;&nbsp;&nbsp;&nbsp;12326489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(645) |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659995 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**214470222** | &nbsp;&nbsp;&nbsp;&nbsp;**12326489** | &nbsp;&nbsp;&nbsp;&nbsp;**(41651141)** | &nbsp;&nbsp;&nbsp;&nbsp;**(18940614)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**674957642** | &nbsp;&nbsp;&nbsp;&nbsp;**23867277** | &nbsp;&nbsp;&nbsp;&nbsp;**41627844** | &nbsp;&nbsp;&nbsp;&nbsp;**66091444** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$778827393** | &nbsp;&nbsp;&nbsp;**$31472943** | &nbsp;&nbsp;&nbsp;**$38445528** | &nbsp;&nbsp;&nbsp;**$78807840** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 187 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Mid Value Trust** | &nbsp;&nbsp;&nbsp;**Real Estate Securities Trust** | &nbsp;&nbsp;&nbsp;**Science & Technology Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Core Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;$13499830 | &nbsp;&nbsp;&nbsp;&nbsp;$8496064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6040029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4375703 |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42633 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197676 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4849 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(110119) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2085) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31966) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;**13736424** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8494886** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7488545** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4620861** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5108553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2010158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10449204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2866151 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94683 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57310 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9913 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46933 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96322 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119574 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25184 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5711851** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2282320** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11581725** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3316070** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(314491) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24905) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(687771) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30787) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5397360** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2257415** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10893954** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3285283** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8339064** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6237471** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3405409)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1335578** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;32675402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7171405 | &nbsp;&nbsp;&nbsp;&nbsp;299993315 | &nbsp;&nbsp;&nbsp;&nbsp;(10824968) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(184) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(179) |
| Realized gain on investments not meeting investment restrictions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4329218 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**33130375** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7171733** | &nbsp;&nbsp;&nbsp;&nbsp;**299993459** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6495929)** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8551530) | &nbsp;&nbsp;&nbsp;(11768635) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59873450) | &nbsp;&nbsp;&nbsp;&nbsp;(10234695) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(421) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(8551951)** | &nbsp;&nbsp;&nbsp;**(11768635)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(59873442)** | &nbsp;&nbsp;&nbsp;&nbsp;**(10234647)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**24578424** | &nbsp;&nbsp;&nbsp;&nbsp;**(4596902)** | &nbsp;&nbsp;&nbsp;&nbsp;**240120017** | &nbsp;&nbsp;&nbsp;&nbsp;**(16730576)** |
| **Increase (decrease) in net assets from operations** | &nbsp;&nbsp;&nbsp;**$32917488** | &nbsp;&nbsp;&nbsp;&nbsp;**$1640569** | &nbsp;&nbsp;&nbsp;**$236714608** | &nbsp;&nbsp;&nbsp;**$(15394998)** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 188 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Opportunities Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Stock Trust** | &nbsp;&nbsp;&nbsp;**Small Company Value Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;$6585444 | &nbsp;&nbsp;&nbsp;&nbsp;$3323018 | &nbsp;&nbsp;&nbsp;&nbsp;$1102869 | &nbsp;&nbsp;&nbsp;$1923035 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13740 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12536) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3302) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5106) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7639940** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3361476** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1259529** | &nbsp;&nbsp;&nbsp;&nbsp;**1931923** |
| **Expenses** |  |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2526583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2676780 | &nbsp;&nbsp;&nbsp;&nbsp;1292793 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86634 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21130 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3510 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24719 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21500 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58207 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16184 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3064844** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1598241** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2960069** | &nbsp;&nbsp;&nbsp;&nbsp;**1524677** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(312941) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14576) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22977) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90213) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2751903** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1583665** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2937092** | &nbsp;&nbsp;&nbsp;&nbsp;**1434464** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4888037** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1777811** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1677563)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**497459** |
| **Realized and unrealized gain (loss)** |  |  |  |  |
| **Net realized gain (loss) on** |  |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;26639250 | &nbsp;&nbsp;&nbsp;&nbsp;17986174 | &nbsp;&nbsp;&nbsp;&nbsp;21275212 | &nbsp;&nbsp;&nbsp;&nbsp;8324997 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(741) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**27946775** | &nbsp;&nbsp;&nbsp;&nbsp;**17986322** | &nbsp;&nbsp;&nbsp;&nbsp;**21274471** | &nbsp;&nbsp;&nbsp;&nbsp;**8325216** |
| **Change in net unrealized appreciation (depreciation) of** |  |  |  |  |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;28700487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4380065) | &nbsp;&nbsp;&nbsp;&nbsp;10036310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(263989) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(902) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**28754213** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4380287)** | &nbsp;&nbsp;&nbsp;&nbsp;**10036256** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(263971)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**56700988** | &nbsp;&nbsp;&nbsp;&nbsp;**13606035** | &nbsp;&nbsp;&nbsp;&nbsp;**31310727** | &nbsp;&nbsp;&nbsp;&nbsp;**8061245** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$61589025** | &nbsp;&nbsp;&nbsp;**$15383846** | &nbsp;&nbsp;&nbsp;**$29633164** | &nbsp;&nbsp;&nbsp;**$8558704** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 189 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of operations — For the year ended December 31, 2025

------

---

| | | | |
|:---|:---|:---|:---|
| **Investment income** | &nbsp;&nbsp;&nbsp;**Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;**Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;**U.S. Growth Trust** |
| Dividends from unaffiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$127501308 | &nbsp;&nbsp;&nbsp;&nbsp;$12635901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4355103 |
| Dividends from affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8252329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1058633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4761 |
| Securities lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245 |
| Less foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6409431) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2691) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33143) |
| **Total investment income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**130927042** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14163955** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4326966** |
| **Expenses** |  |  |  |
| Investment management fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43671621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5005960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4232322 |
| Distribution and service fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278211 |
| Accounting and legal services fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120108 |
| Trustees' fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19566 |
| Custodian fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1079279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84343 |
| Printing and postage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185404 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175994 |
| Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32622 |
| **Total expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46812662** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5918314** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5128570** |
| Less expense reductions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9758559) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(846033) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60674) |
| **Net expenses** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37054103** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5072281** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5067896** |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**93872939** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9091674** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(740930)** |
| **Realized and unrealized gain (loss)** |  |  |  |
| **Net realized gain (loss) on** |  |  |  |
| Unaffiliated investments and foreign currency transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872526064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78248157 | &nbsp;&nbsp;&nbsp;&nbsp;225758033 |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228 |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19928432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2261210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**892482974** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**80509411** | &nbsp;&nbsp;&nbsp;&nbsp;**225758261** |
| **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;310503461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80768178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91945534) |
| Affiliated investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15793) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1946) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7155563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**317643231** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**81377996** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(91945534)** |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp;&nbsp;&nbsp;**1210126205** | &nbsp;&nbsp;&nbsp;&nbsp;**161887407** | &nbsp;&nbsp;&nbsp;&nbsp;**133812727** |
| **Increase in net assets from operations** | &nbsp;&nbsp;&nbsp;**$1303999144** | &nbsp;&nbsp;&nbsp;**$170979081** | &nbsp;&nbsp;&nbsp;**$133071797** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 190 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**500 Index Trust** | &nbsp;&nbsp;&nbsp;**500 Index Trust** | &nbsp;&nbsp;&nbsp;**American Asset Allocation Trust** | &nbsp;&nbsp;&nbsp;**American Asset Allocation Trust** | &nbsp;&nbsp;&nbsp;**American Global Growth Trust** | &nbsp;&nbsp;&nbsp;**American Global Growth Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&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;$116121633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$119416090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18637548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20079229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1829391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2239546 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274110542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205855152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108617371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91876650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31429533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16580238 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1469658406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1792729369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43921662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63717931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5278698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6298741 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1859890581** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2118000611** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**171176581** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**175673810** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**38537622** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25118525** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(210411957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(156436116) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38431566) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28415938) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5629181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6635654) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2285556) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1833633) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63270259) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52721639) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10122611) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12895863) |
| &nbsp;&nbsp;&nbsp;Series III | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10363049) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8159908) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2520903) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3080831) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(97305316) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(71609133) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(310002829)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(229878882)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(112064874)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(89297485)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(18272695)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(22612348)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31936182) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188291624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26502416) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51506270) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9090950) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2515641) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1517951570** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2076413353** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32609291** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34870055** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11173977** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(9464)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;10708610614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8632197261 | &nbsp;&nbsp;&nbsp;&nbsp;1189184726 | &nbsp;&nbsp;&nbsp;&nbsp;1154314671 | &nbsp;&nbsp;&nbsp;&nbsp;195647983 | &nbsp;&nbsp;&nbsp;&nbsp;195657447 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$12226562184** | &nbsp;&nbsp;&nbsp;**$10708610614** | &nbsp;&nbsp;&nbsp;**$1221794017** | &nbsp;&nbsp;&nbsp;**$1189184726** | &nbsp;&nbsp;&nbsp;**$206821960** | &nbsp;&nbsp;&nbsp;**$195647983** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**American Growth Trust** | &nbsp;&nbsp;&nbsp;**American Growth Trust** | &nbsp;&nbsp;&nbsp;**American Growth-Income Trust** | &nbsp;&nbsp;&nbsp;**American Growth-Income Trust** | &nbsp;&nbsp;&nbsp;**American International Trust** | &nbsp;&nbsp;&nbsp;**American International Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(4020545) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(560338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5171565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6786199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3085972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2622110 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146112119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85647786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202763271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98283683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3331260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4660673) |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50998333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177449949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49211860) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96651636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86182360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12839899 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**193089907** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**262537397** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**158722976** | &nbsp;&nbsp;&nbsp;&nbsp;**201721518** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**85937072** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10801336** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34155363) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27039941) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43989848) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26662119) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1246188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1114114) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49529542) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48542734) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46758053) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30911701) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1478118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1544898) |
| &nbsp;&nbsp;&nbsp;Series III | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7910445) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7666292) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20347813) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13917294) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(338853) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(318581) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(91595350)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(83248967)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(111095714)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(71491114)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3063159)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2977593)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24673375) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59380915) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7596856) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68379768) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43823831) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21283824) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**76821182** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**119907515** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40030406** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**61850636** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**39050082** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(13460081)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;1021728308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901820793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962509784 | &nbsp;&nbsp;&nbsp;&nbsp;900659148 | &nbsp;&nbsp;&nbsp;&nbsp;349009594 | &nbsp;&nbsp;&nbsp;&nbsp;362469675 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$1098549490** | &nbsp;&nbsp;&nbsp;**$1021728308** | &nbsp;&nbsp;&nbsp;**$1002540190** | &nbsp;&nbsp;&nbsp;**$962509784** | &nbsp;&nbsp;&nbsp;**$388059676** | &nbsp;&nbsp;&nbsp;**$349009594** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 191 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Blue Chip Growth Trust** | &nbsp;&nbsp;&nbsp;**Blue Chip Growth Trust** | &nbsp;&nbsp;&nbsp;**Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;**Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;**Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;**Disciplined Value Emerging Markets Equity Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(5059707) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(4041090) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7835843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9312092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6212859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4007677 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273893849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308843712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61658864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51044110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32819313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12109269) |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89178644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294254006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17014377) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5754627) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28875485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2992835 |
| **Increase (decrease) in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**358012786** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**599056628** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**52480330** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**54601575** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67907657** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5108757)** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51179495) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28549482) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1170231) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(131612) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73071) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(238617) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17567177) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10037709) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26765969) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3736654) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(229217) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(862538) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(233931340) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(129489442) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30291441) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4011981) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2783076) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8282745) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(302678012)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(168076633)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(58227641)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(7880247)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3085364)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(9383900)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60804088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(140104089) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20263588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37417947) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12518392) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11815718 |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**116138862** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**290875906** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14516277** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9303381** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**52303901** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2676939)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;2077176426 | &nbsp;&nbsp;&nbsp;&nbsp;1786300520 | &nbsp;&nbsp;&nbsp;&nbsp;476346744 | &nbsp;&nbsp;&nbsp;&nbsp;467043363 | &nbsp;&nbsp;&nbsp;&nbsp;218452810 | &nbsp;&nbsp;&nbsp;&nbsp;221129749 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$2193315288** | &nbsp;&nbsp;&nbsp;**$2077176426** | &nbsp;&nbsp;&nbsp;**$490863021** | &nbsp;&nbsp;&nbsp;**$476346744** | &nbsp;&nbsp;&nbsp;**$270756711** | &nbsp;&nbsp;&nbsp;**$218452810** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Disciplined Value International Trust** | &nbsp;&nbsp;&nbsp;**Disciplined Value International Trust** | &nbsp;&nbsp;&nbsp;**Equity Income Trust** | &nbsp;&nbsp;&nbsp;**Equity Income Trust** | &nbsp;&nbsp;&nbsp;**Financial Industries Trust** | &nbsp;&nbsp;&nbsp;**Financial Industries Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&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;$5837930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5508204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15256648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25513034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1577330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1561631 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31149272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24584038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231489948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140541990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20667774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13063815 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62826573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30107490) | &nbsp;&nbsp;&nbsp;&nbsp;(106201416) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10085695) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7253572) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17876501 |
| **Increase (decrease) in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**99813775** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15248)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**140545180** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**155969329** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14991532** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32501947** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7243536) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6824735) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38740277) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13247765) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5025133) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(840158) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4176788) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3921669) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17982821) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6167507) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1045059) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(129808) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17335633) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15676041) | &nbsp;&nbsp;&nbsp;&nbsp;(100509662) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66656647) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1876261) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(307177) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(28755957)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(26422445)** | &nbsp;&nbsp;&nbsp;&nbsp;**(157232760)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(86071919)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(7946453)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1277143)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7197203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8908878 | &nbsp;&nbsp;&nbsp;&nbsp;(484066996) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90685602) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9260474) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6879645) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78255021** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17528815)** | &nbsp;&nbsp;&nbsp;&nbsp;**(500754576)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(20788192)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2215395)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24345159** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;264897043 | &nbsp;&nbsp;&nbsp;&nbsp;282425858 | &nbsp;&nbsp;&nbsp;1367074964 | &nbsp;&nbsp;&nbsp;&nbsp;1387863156 | &nbsp;&nbsp;&nbsp;&nbsp;141841161 | &nbsp;&nbsp;&nbsp;&nbsp;117496002 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$343152064** | &nbsp;&nbsp;&nbsp;**$264897043** | &nbsp;&nbsp;&nbsp;&nbsp;**$866320388** | &nbsp;&nbsp;&nbsp;**$1367074964** | &nbsp;&nbsp;&nbsp;**$139625766** | &nbsp;&nbsp;&nbsp;**$141841161** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 192 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Fundamental All Cap Core Trust** | &nbsp;&nbsp;&nbsp;**Fundamental All Cap Core Trust** | &nbsp;&nbsp;&nbsp;**Fundamental Large Cap Value Trust** | &nbsp;&nbsp;&nbsp;**Fundamental Large Cap Value Trust** | &nbsp;&nbsp;&nbsp;**Global Equity Trust** | &nbsp;&nbsp;&nbsp;**Global Equity Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&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;$11761185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11047416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8555038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8499621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2971272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3666783 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513231101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273484886 | &nbsp;&nbsp;&nbsp;&nbsp;105601639 | &nbsp;&nbsp;&nbsp;&nbsp;103051195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25115371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32936685 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(412524987) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255011132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4904478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15654010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21059603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6001982) |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**112467299** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**539543434** | &nbsp;&nbsp;&nbsp;&nbsp;**119061155** | &nbsp;&nbsp;&nbsp;&nbsp;**127204826** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**49146246** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30601486** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15878010) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10032913) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62841383) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47936072) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26448014) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13714332) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5026262) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4539165) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19504503) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15117520) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2456749) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1271106) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(263774847) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(215562330) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28983225) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21177077) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7073391) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3325027) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(284679119)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(230134408)** | &nbsp;&nbsp;&nbsp;&nbsp;**(111329111)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(84230669)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(35978154)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(18310465)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91980720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39118358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8449209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5311383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6621435) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14319649) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(80231100)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**348527384** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16181253** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**48285540** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6546657** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2028628)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;2649678736 | &nbsp;&nbsp;&nbsp;&nbsp;2301151352 | &nbsp;&nbsp;&nbsp;&nbsp;821651657 | &nbsp;&nbsp;&nbsp;&nbsp;773366117 | &nbsp;&nbsp;&nbsp;&nbsp;294147993 | &nbsp;&nbsp;&nbsp;&nbsp;296176621 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$2569447636** | &nbsp;&nbsp;&nbsp;**$2649678736** | &nbsp;&nbsp;&nbsp;**$837832910** | &nbsp;&nbsp;&nbsp;**$821651657** | &nbsp;&nbsp;&nbsp;**$300694650** | &nbsp;&nbsp;&nbsp;**$294147993** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Health Sciences Trust** | &nbsp;&nbsp;&nbsp;**Health Sciences Trust** | &nbsp;&nbsp;&nbsp;**International Equity Index Trust** | &nbsp;&nbsp;&nbsp;**International Equity Index Trust** | &nbsp;&nbsp;&nbsp;**International Small Company Trust** | &nbsp;&nbsp;&nbsp;**International Small Company Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(703227) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(865560) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24238988 | &nbsp;&nbsp;&nbsp;&nbsp;$22771602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2164865 | &nbsp;&nbsp;&nbsp;&nbsp;$1970659 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22627559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31306230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11814980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4627396) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6288419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4468289 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18582196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24030832) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261880271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25353994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22261609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3066787) |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40506528** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6409838** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**297934239** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**43498200** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30714893** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3372161** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5684209) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3481776) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8212024) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5104125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1265125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(634624) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6562769) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3641274) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(385700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(254350) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(894155) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403121) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18701101) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10226623) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15806734) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9804159) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4506107) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2324209) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(30948079)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(17349673)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(24404458)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15162634)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6665387)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3361954)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16429711) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20674103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14890340) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5457439) | &nbsp;&nbsp;&nbsp;&nbsp;(11465375) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10311583** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(27369546)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**294203884** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13445226** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18592067** | &nbsp;&nbsp;&nbsp;&nbsp;**(11455168)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;235823436 | &nbsp;&nbsp;&nbsp;&nbsp;263192982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899300635 | &nbsp;&nbsp;&nbsp;&nbsp;885855409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95430100 | &nbsp;&nbsp;&nbsp;106885268 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$246135019** | &nbsp;&nbsp;&nbsp;**$235823436** | &nbsp;&nbsp;&nbsp;**$1193504519** | &nbsp;&nbsp;&nbsp;**$899300635** | &nbsp;&nbsp;&nbsp;**$114022167** | &nbsp;&nbsp;&nbsp;**$95430100** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 193 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Conservative Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Conservative Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Growth Portfolio** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp;$25618055 | &nbsp;&nbsp;&nbsp;&nbsp;$21612306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4971728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4606592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$103869751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$93170246 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49888941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49951267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1261862) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460487420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390610930 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51151794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6407566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8497467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3246220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214470222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69875928 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;**126658790** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**77971139** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14211495** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6590950** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**778827393** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**553657104** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2937784) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1811123) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(479251) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(424087) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19697279) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11663304) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56545784) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35495359) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4384007) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4244584) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(407797112) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(241799171) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18790756) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9317113) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(280000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(250333) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72104440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37898081) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(78274324)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(46623595)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5143258)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(4919004)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(499598831)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(291360556)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26115466) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20566406) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15787896) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11364221) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(158139954) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(352367273) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22269000** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10781138** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6719659)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(9692275)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**121088608** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(90070725)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;976528669 | &nbsp;&nbsp;&nbsp;&nbsp;965747531 | &nbsp;&nbsp;&nbsp;&nbsp;156076980 | &nbsp;&nbsp;&nbsp;&nbsp;165769255 | &nbsp;&nbsp;&nbsp;&nbsp;5062283083 | &nbsp;&nbsp;&nbsp;&nbsp;5152353808 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$998797669** | &nbsp;&nbsp;&nbsp;**$976528669** | &nbsp;&nbsp;&nbsp;**$149357321** | &nbsp;&nbsp;&nbsp;**$156076980** | &nbsp;&nbsp;&nbsp;**$5183371691** | &nbsp;&nbsp;&nbsp;**$5062283083** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;**Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;**Mid Cap Growth Trust** | &nbsp;&nbsp;&nbsp;**Mid Cap Growth Trust** | &nbsp;&nbsp;&nbsp;**Mid Cap Index Trust** | &nbsp;&nbsp;&nbsp;**Mid Cap Index Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7605666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6800926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(3182316) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(3765292) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12716396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13710341 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11540788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5815231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83278985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72398170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85032058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86590458 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12326489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6484749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41651141) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72669899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18940614) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55853640 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31472943** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19100906** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**38445528** | &nbsp;&nbsp;&nbsp;&nbsp;**141302777** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78807840** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**156154439** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(704138) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(567581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67538904) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(39581057) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11424023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9454027) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4197924) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2396749) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3074024) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2216112) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25837606) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13592425) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15202185)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(12237720)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(97574434)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(55570231)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13412918) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28042147) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63165566) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91720124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50472614) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67929595) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2857840** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(21178961)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(24720038)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**49582653** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(69239208)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32654613** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;267366050 | &nbsp;&nbsp;&nbsp;&nbsp;288545011 | &nbsp;&nbsp;&nbsp;&nbsp;654734170 | &nbsp;&nbsp;&nbsp;&nbsp;605151517 | &nbsp;&nbsp;&nbsp;&nbsp;1244045129 | &nbsp;&nbsp;&nbsp;&nbsp;1211390516 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$270223890** | &nbsp;&nbsp;&nbsp;**$267366050** | &nbsp;&nbsp;&nbsp;**$630014132** | &nbsp;&nbsp;&nbsp;**$654734170** | &nbsp;&nbsp;&nbsp;**$1174805921** | &nbsp;&nbsp;&nbsp;**$1244045129** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 194 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Mid Value Trust** | &nbsp;&nbsp;&nbsp;**Mid Value Trust** | &nbsp;&nbsp;&nbsp;**Real Estate Securities Trust** | &nbsp;&nbsp;&nbsp;**Real Estate Securities Trust** | &nbsp;&nbsp;&nbsp;**Science & Technology Trust** | &nbsp;&nbsp;&nbsp;**Science & Technology Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8339064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6949766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6237471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5672732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(3405409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(4906564) |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33130375 | &nbsp;&nbsp;&nbsp;&nbsp;105117562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7171733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18735358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299993459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232748206 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8551951) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15857840) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11768635) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5822183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59873442) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106996091 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32917488** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**96209488** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1640569** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30230273** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**236714608** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**334837733** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41929061) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13276901) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(827018) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1044208) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(170261047) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9044402) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2802300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(352072) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(454334) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15395106) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60526597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18577319) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4345622) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4836202) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(39132051) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;**(111500060)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(34656520)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5524712)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(6334744)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(224788204)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35999221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(53380487) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1404346) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17056115) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46477265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(132215572) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(42583351)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8172481** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5288489)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6839414** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**58403669** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**202622161** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;627769119 | &nbsp;&nbsp;&nbsp;&nbsp;619596638 | &nbsp;&nbsp;&nbsp;&nbsp;299944918 | &nbsp;&nbsp;&nbsp;&nbsp;293105504 | &nbsp;&nbsp;&nbsp;&nbsp;1141542557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938920396 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$585185768** | &nbsp;&nbsp;&nbsp;**$627769119** | &nbsp;&nbsp;&nbsp;**$294656429** | &nbsp;&nbsp;&nbsp;**$299944918** | &nbsp;&nbsp;&nbsp;**$1199946226** | &nbsp;&nbsp;&nbsp;**$1141542557** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Small Cap Core Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Core Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Opportunities Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Opportunities Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&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;$1335578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3465708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4888037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4926511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1777811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1684191 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6495929) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31510616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27946775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33943565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17986322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14022654 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10234647) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7500058) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28754213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14648859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4380287) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2130749) |
| **Increase (decrease) in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15394998)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**27476266** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**61589025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**53518935** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15383846** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13576096** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11260395) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7781731) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24798040) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9978020) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7297018) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5270646) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1660344) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1101472) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1633726) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(665587) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2321299) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1758771) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18476608) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19274555) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11423248) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3893643) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6196349) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3560035) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(31397347)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(28157758)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(37855014)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(14537250)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(15814666)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(10589452)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;(102106780) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19396140) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12035121) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37567338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11040115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6000413) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**(148899125)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(20077632)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11698890** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1414347** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10609295** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3013769)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;441674509 | &nbsp;&nbsp;&nbsp;&nbsp;461752141 | &nbsp;&nbsp;&nbsp;&nbsp;541317580 | &nbsp;&nbsp;&nbsp;&nbsp;539903233 | &nbsp;&nbsp;&nbsp;&nbsp;169874759 | &nbsp;&nbsp;&nbsp;&nbsp;172888528 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$292775384** | &nbsp;&nbsp;&nbsp;**$441674509** | &nbsp;&nbsp;&nbsp;**$553016470** | &nbsp;&nbsp;&nbsp;**$541317580** | &nbsp;&nbsp;&nbsp;**$180484054** | &nbsp;&nbsp;&nbsp;**$169874759** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 195 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Statements of changes in net assets

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Small Cap Stock Trust** | &nbsp;&nbsp;&nbsp;**Small Cap Stock Trust** | &nbsp;&nbsp;&nbsp;**Small Company Value Trust** | &nbsp;&nbsp;&nbsp;**Small Company Value Trust** | &nbsp;&nbsp;&nbsp;**Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;**Strategic Equity Allocation Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |  |  |
| **From operations** |  |  |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1677563) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1351815) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$497459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$626088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$93872939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$105365560 |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21274471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19752314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8325216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11899370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892482974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797387083 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10036256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11480324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(263971) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44217) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317643231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155535990 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29633164** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29880823** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8558704** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12481241** | &nbsp;&nbsp;&nbsp;&nbsp;**1303999144** | &nbsp;&nbsp;&nbsp;&nbsp;**1058288633** |
| **Distributions to shareholders** |  |  |  |  |  |  |
| From earnings |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24451) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3716576) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1776252) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2736533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1324580) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(219763) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5907354) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2602283) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(880819802) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(741764159) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(244214)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(12360463)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5703115)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(880819802)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(741764159)** |
| **From portfolio share transactions** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55781188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17706836) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3880658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8694591) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(462928904) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(553385668) |
| **Total increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(26392238)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12173987** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78899** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1916465)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(39749562)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(236861194)** |
| **Net assets** |  |  |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;291314963 | &nbsp;&nbsp;&nbsp;&nbsp;279140976 | &nbsp;&nbsp;&nbsp;&nbsp;127797233 | &nbsp;&nbsp;&nbsp;&nbsp;129713698 | &nbsp;&nbsp;&nbsp;&nbsp;6982587192 | &nbsp;&nbsp;&nbsp;&nbsp;7219448386 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$264922725** | &nbsp;&nbsp;&nbsp;**$291314963** | &nbsp;&nbsp;&nbsp;**$127876132** | &nbsp;&nbsp;&nbsp;**$127797233** | &nbsp;&nbsp;&nbsp;**$6942837630** | &nbsp;&nbsp;&nbsp;**$6982587192** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;**Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;**U.S. Growth Trust** | &nbsp;&nbsp;&nbsp;**U.S. Growth Trust** |
|  | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-25** | &nbsp;&nbsp;&nbsp;**Year ended <br> 12-31-24** |
| **Increase (decrease) in net assets** |  |  |  |  |
| **From operations** |  |  |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9091674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9502019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(740930) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1979175) |
| Net realized gain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80509411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23694268 | &nbsp;&nbsp;&nbsp;&nbsp;225758261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75193352 |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81377996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162535453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91945534) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97091407 |
| **Increase in net assets resulting from operations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**170979081** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**195731740** | &nbsp;&nbsp;&nbsp;&nbsp;**133071797** | &nbsp;&nbsp;&nbsp;&nbsp;**170305584** |
| **Distributions to shareholders** |  |  |  |  |
| From earnings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15577101) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24232404) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24195834) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11800479) |
| &nbsp;&nbsp;&nbsp;Series II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1277282) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2042884) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9047521) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4357515) |
| &nbsp;&nbsp;&nbsp;Series NAV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13752840) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17350467) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41748119) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18793533) |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(30607223)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(43625755)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(74991474)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(34951527)** |
| **From portfolio share transactions** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Portfolio share transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33096845) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71571803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31353539) |
| **Total increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**107275013** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**223677788** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**58667846** | &nbsp;&nbsp;&nbsp;&nbsp;**104000518** |
| **Net assets** |  |  |  |  |
| Beginning of year | &nbsp;&nbsp;&nbsp;&nbsp;1028304695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804626907 | &nbsp;&nbsp;&nbsp;&nbsp;685787464 | &nbsp;&nbsp;&nbsp;&nbsp;581786946 |
| **End of year** | &nbsp;&nbsp;&nbsp;**$1135579708** | &nbsp;&nbsp;&nbsp;**$1028304695** | &nbsp;&nbsp;&nbsp;**$744455310** | &nbsp;&nbsp;&nbsp;**$685787464** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 196 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** | **Per share operating performance for a share outstanding throughout each period** |  | **Ratios and supplemental data** | **Ratios and supplemental data** | **Ratios and supplemental data** |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 60.79 | 0.65 | &nbsp;&nbsp;&nbsp;9.97 | 10.62 | (0.70) | (1.08) |  | (1.78) | 69.63 | &nbsp;&nbsp;17.52 | 0.56 | 0.30 | 1.02 | 8302 | &nbsp;&nbsp;2 |
| 12-31-2024 | 49.87 | 0.68 | &nbsp;&nbsp;11.57 | 12.25 | (0.62) | (0.71) |  | (1.33) | 60.79 | &nbsp;&nbsp;24.60 | 0.57 | 0.30 | 1.20 | 7339 | &nbsp;&nbsp;3 |
| 12-31-2023 | 40.70 | 0.67 | &nbsp;&nbsp;&nbsp;9.72 | 10.39 | (0.58) | (0.64) |  | (1.22) | 49.87 | &nbsp;&nbsp;25.90 | 0.55 | 0.30 | 1.48 | 5787 | &nbsp;&nbsp;2 |
| 12-31-2022 | 52.44 | 0.59 | (10.22) | (9.63) | (0.56) | (1.55) |  | (2.11) | 40.70 | (18.37) | 0.55 | 0.30 | 1.31 | 4441 | &nbsp;&nbsp;2 |
| 12-31-2021 | 43.08 | 0.52 | &nbsp;&nbsp;11.55 | 12.07 | (0.67) | (2.04) |  | (2.71) | 52.44 | &nbsp;&nbsp;28.29 | 0.54 | 0.30 | 1.06 | 5400 | &nbsp;&nbsp;2 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 60.78 | 0.52 | &nbsp;&nbsp;&nbsp;9.95 | 10.47 | (0.59) | (1.08) |  | (1.67) | 69.58 | &nbsp;&nbsp;17.27 | 0.76 | 0.50 | 0.82 | &nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;2 |
| 12-31-2024 | 49.88 | 0.57 | &nbsp;&nbsp;11.56 | 12.13 | (0.52) | (0.71) |  | (1.23) | 60.78 | &nbsp;&nbsp;24.36 | 0.77 | 0.50 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;3 |
| 12-31-2023 | 40.72 | 0.58 | &nbsp;&nbsp;&nbsp;9.72 | 10.30 | (0.50) | (0.64) |  | (1.14) | 49.88 | &nbsp;&nbsp;25.64 | 0.75 | 0.50 | 1.28 | &nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;2 |
| 12-31-2022 | 52.45 | 0.50 | (10.21) | (9.71) | (0.47) | (1.55) |  | (2.02) | 40.72 | (18.51) | 0.75 | 0.50 | 1.11 | &nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;2 |
| 12-31-2021 | 43.09 | 0.42 | &nbsp;&nbsp;11.56 | 11.98 | (0.58) | (2.04) |  | (2.62) | 52.45 | &nbsp;&nbsp;28.04 | 0.74 | 0.50 | 0.86 | &nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;2 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 60.80 | 0.69 | &nbsp;&nbsp;&nbsp;9.96 | 10.65 | (0.73) | (1.08) |  | (1.81) | 69.64 | &nbsp;&nbsp;17.57 | 0.51 | 0.25 | 1.07 | 3829 | &nbsp;&nbsp;2 |
| 12-31-2024 | 49.87 | 0.71 | &nbsp;&nbsp;11.57 | 12.28 | (0.64) | (0.71) |  | (1.35) | 60.80 | &nbsp;&nbsp;24.67 | 0.52 | 0.25 | 1.25 | 3277 | &nbsp;&nbsp;3 |
| 12-31-2023 | 40.70 | 0.70 | &nbsp;&nbsp;&nbsp;9.71 | 10.41 | (0.60) | (0.64) |  | (1.24) | 49.87 | &nbsp;&nbsp;25.95 | 0.50 | 0.25 | 1.53 | 2764 | &nbsp;&nbsp;2 |
| 12-31-2022 | 52.43 | 0.61 | (10.20) | (9.59) | (0.59) | (1.55) |  | (2.14) | 40.70 | (18.31) | 0.50 | 0.25 | 1.36 | 2201 | &nbsp;&nbsp;2 |
| 12-31-2021 | 43.07 | 0.54 | &nbsp;&nbsp;11.55 | 12.09 | (0.69) | (2.04) |  | (2.73) | 52.43 | &nbsp;&nbsp;28.36 | 0.49 | 0.25 | 1.11 | 2944 | &nbsp;&nbsp;2 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | &nbsp;&nbsp;9.86 | 0.17<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.33 | &nbsp;&nbsp;1.50 | (0.16) | (0.85) |  | (1.01) | 10.35 | &nbsp;&nbsp;15.39 | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 1.64<sup>3</sup> | &nbsp;&nbsp;&nbsp;422 | 10 |
| 12-31-2024 | &nbsp;&nbsp;9.17 | 0.18<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.29 | &nbsp;&nbsp;1.47 | (0.17) | (0.61) |  | (0.78) | &nbsp;&nbsp;9.86 | &nbsp;&nbsp;16.02 | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 1.78<sup>3</sup> | &nbsp;&nbsp;&nbsp;382 | &nbsp;&nbsp;7 |
| 12-31-2023 | &nbsp;&nbsp;9.59 | 0.18<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;1.18 | (0.17) | (1.43) |  | (1.60) | &nbsp;&nbsp;9.17 | &nbsp;&nbsp;13.90 | 0.63<sup>4</sup> | 0.63<sup>4</sup> | 1.83<sup>3</sup> | &nbsp;&nbsp;&nbsp;343 | &nbsp;&nbsp;6 |
| 12-31-2022 | 13.11 | 0.17<sup>3</sup> | &nbsp;&nbsp;(2.02) | (1.85) | (0.16) | (1.51) |  | (1.67) | &nbsp;&nbsp;9.59 | (13.76) | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 1.54<sup>3</sup> | &nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;9 |
| 12-31-2021 | 12.26 | 0.15<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;1.80 | (0.15) | (0.80) |  | (0.95) | 13.11 | &nbsp;&nbsp;14.71 | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 1.16<sup>3</sup> | &nbsp;&nbsp;&nbsp;374 | &nbsp;&nbsp;5 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;9.86 | 0.15<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;1.50 | (0.15) | (0.85) |  | (1.00) | 10.36 | &nbsp;&nbsp;15.31 | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 1.46<sup>3</sup> | &nbsp;&nbsp;&nbsp;695 | 10 |
| 12-31-2024 | &nbsp;&nbsp;9.17 | 0.16<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.30 | &nbsp;&nbsp;1.46 | (0.16) | (0.61) |  | (0.77) | &nbsp;&nbsp;9.86 | &nbsp;&nbsp;15.92 | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 1.59<sup>3</sup> | &nbsp;&nbsp;&nbsp;704 | &nbsp;&nbsp;7 |
| 12-31-2023 | &nbsp;&nbsp;9.60 | 0.16<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;1.16 | (0.16) | (1.43) |  | (1.59) | &nbsp;&nbsp;9.17 | &nbsp;&nbsp;13.68 | 0.78<sup>4</sup> | 0.72<sup>4</sup> | 1.67<sup>3</sup> | &nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;6 |
| 12-31-2022 | 13.11 | 0.16<sup>3</sup> | &nbsp;&nbsp;(2.01) | (1.85) | (0.15) | (1.51) |  | (1.66) | &nbsp;&nbsp;9.60 | (13.77) | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 1.37<sup>3</sup> | &nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;9 |
| 12-31-2021 | 12.26 | 0.13<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;1.78 | (0.13) | (0.80) |  | (0.93) | 13.11 | &nbsp;&nbsp;14.61 | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 0.98<sup>3</sup> | &nbsp;&nbsp;&nbsp;921 | &nbsp;&nbsp;5 |
| **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** |
| 12-31-2025 | &nbsp;&nbsp;9.88 | 0.20<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.54 | (0.23) | (0.85) |  | (1.08) | 10.34 | &nbsp;&nbsp;15.76 | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 1.92<sup>3</sup> | &nbsp;&nbsp;&nbsp;105 | 10 |
| 12-31-2024 | &nbsp;&nbsp;9.18 | 0.20<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;1.51 | (0.20) | (0.61) |  | (0.81) | &nbsp;&nbsp;9.88 | &nbsp;&nbsp;16.50 | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 2.04<sup>3</sup> | &nbsp;&nbsp;&nbsp;104 | &nbsp;&nbsp;7 |
| 12-31-2023 | &nbsp;&nbsp;9.60 | 0.21<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;1.21 | (0.20) | (1.43) |  | (1.63) | &nbsp;&nbsp;9.18 | &nbsp;&nbsp;14.23 | 0.28<sup>4</sup> | 0.28<sup>4</sup> | 2.14<sup>3</sup> | &nbsp;&nbsp;&nbsp;104 | &nbsp;&nbsp;6 |
| 12-31-2022 | 13.12 | 0.21<sup>3</sup> | &nbsp;&nbsp;(2.02) | (1.81) | (0.20) | (1.51) |  | (1.71) | &nbsp;&nbsp;9.60 | (13.44) | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 1.82<sup>3</sup> | &nbsp;&nbsp;&nbsp;101 | &nbsp;&nbsp;9 |
| 12-31-2021 | 12.27 | 0.19<sup>3</sup> | &nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;1.84 | (0.19) | (0.80) |  | (0.99) | 13.12 | &nbsp;&nbsp;15.07 | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 1.45<sup>3</sup> | &nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;5 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 197 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 14.38 &nbsp;&nbsp;0.15<sup>3</sup> | &nbsp;&nbsp;2.88 | &nbsp;&nbsp;3.03 | (0.14) | (1.35) |  | (1.49) | 15.92 | &nbsp;&nbsp;21.17 | 0.68<sup>4</sup> | 0.67<sup>4</sup> | &nbsp;&nbsp;0.94<sup>3</sup> | &nbsp;&nbsp;65 | 16 |
| 12-31-2024 | 14.27 &nbsp;&nbsp;0.18<sup>3</sup> | &nbsp;&nbsp;1.74 | &nbsp;&nbsp;1.92 | (0.16) | (1.65) |  | (1.81) | 14.38 | &nbsp;&nbsp;13.20 | 0.66<sup>4</sup> | 0.65<sup>4</sup> | &nbsp;&nbsp;1.16<sup>3</sup> | &nbsp;&nbsp;58 | &nbsp;&nbsp;6 |
| 12-31-2023 | 13.73 &nbsp;&nbsp;0.08<sup>3</sup> | &nbsp;&nbsp;2.66 | &nbsp;&nbsp;2.74 | (0.07) | (2.13) |  | (2.20) | 14.27 | &nbsp;&nbsp;22.12 | 0.66<sup>4</sup> | 0.65<sup>4</sup> | &nbsp;&nbsp;0.52<sup>3</sup> | &nbsp;&nbsp;52 | 12 |
| 12-31-2022 | 21.63 &nbsp;&nbsp;0.05<sup>3</sup> | (5.61) | (5.56) | (0.04) | (2.30) |  | (2.34) | 13.73 | (25.05) | 0.66<sup>4</sup> | 0.65<sup>4</sup> | &nbsp;&nbsp;0.33<sup>3</sup> | &nbsp;&nbsp;41 | 13 |
| 12-31-2021 | 19.75 (0.01)<sup>3</sup> | &nbsp;&nbsp;3.16 | &nbsp;&nbsp;3.15 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.27) |  | (1.27) | 21.63 | &nbsp;&nbsp;16.00 | 0.64<sup>4</sup> | 0.63<sup>4</sup> | (0.04)<sup>3</sup> | &nbsp;&nbsp;48 | &nbsp;&nbsp;8 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 14.27 &nbsp;&nbsp;0.13<sup>3</sup> | &nbsp;&nbsp;2.86 | &nbsp;&nbsp;2.99 | (0.12) | (1.35) |  | (1.47) | 15.79 | &nbsp;&nbsp;21.08 | 0.83<sup>4</sup> | 0.74<sup>4</sup> | &nbsp;&nbsp;0.83<sup>3</sup> | 115 | 16 |
| 12-31-2024 | 14.17 &nbsp;&nbsp;0.15<sup>3</sup> | &nbsp;&nbsp;1.74 | &nbsp;&nbsp;1.89 | (0.14) | (1.65) |  | (1.79) | 14.27 | &nbsp;&nbsp;13.15 | 0.81<sup>4</sup> | 0.72<sup>4</sup> | &nbsp;&nbsp;1.00<sup>3</sup> | 111 | &nbsp;&nbsp;6 |
| 12-31-2023 | 13.65 &nbsp;&nbsp;0.06<sup>3</sup> | &nbsp;&nbsp;2.65 | &nbsp;&nbsp;2.71 | (0.06) | (2.13) |  | (2.19) | 14.17 | &nbsp;&nbsp;22.02 | 0.81<sup>4</sup> | 0.72<sup>4</sup> | &nbsp;&nbsp;0.38<sup>3</sup> | 117 | 12 |
| 12-31-2022 | 21.51 &nbsp;&nbsp;0.03<sup>3</sup> | (5.57) | (5.54) | (0.02) | (2.30) |  | (2.32) | 13.65 | (25.08) | 0.81<sup>4</sup> | 0.72<sup>4</sup> | &nbsp;&nbsp;0.18<sup>3</sup> | 112 | 13 |
| 12-31-2021 | 19.66 (0.03)<sup>3</sup> | &nbsp;&nbsp;3.15 | &nbsp;&nbsp;3.12 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.27) |  | (1.27) | 21.51 | &nbsp;&nbsp;15.92 | 0.79<sup>4</sup> | 0.70<sup>4</sup> | (0.14)<sup>3</sup> | 169 | &nbsp;&nbsp;8 |
| **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** |
| 12-31-2025 | 14.47 &nbsp;&nbsp;0.19<sup>3</sup> | &nbsp;&nbsp;2.91 | &nbsp;&nbsp;3.10 | (0.23) | (1.35) |  | (1.58) | 15.99 | &nbsp;&nbsp;21.55 | 0.33<sup>4</sup> | 0.32<sup>4</sup> | &nbsp;&nbsp;1.24<sup>3</sup> | &nbsp;&nbsp;27 | 16 |
| 12-31-2024 | 14.35 &nbsp;&nbsp;0.23<sup>3</sup> | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;1.98 | (0.21) | (1.65) |  | (1.86) | 14.47 | &nbsp;&nbsp;13.58 | 0.31<sup>4</sup> | 0.30<sup>4</sup> | &nbsp;&nbsp;1.44<sup>3</sup> | &nbsp;&nbsp;27 | &nbsp;&nbsp;6 |
| 12-31-2023 | 13.79 &nbsp;&nbsp;0.12<sup>3</sup> | &nbsp;&nbsp;2.69 | &nbsp;&nbsp;2.81 | (0.12) | (2.13) |  | (2.25) | 14.35 | &nbsp;&nbsp;22.55 | 0.31<sup>4</sup> | 0.30<sup>4</sup> | &nbsp;&nbsp;0.82<sup>3</sup> | &nbsp;&nbsp;27 | 12 |
| 12-31-2022 | 21.71 &nbsp;&nbsp;0.11<sup>3</sup> | (5.64) | (5.53) | (0.09) | (2.30) |  | (2.39) | 13.79 | (24.77) | 0.31<sup>4</sup> | 0.30<sup>4</sup> | &nbsp;&nbsp;0.64<sup>3</sup> | &nbsp;&nbsp;25 | 13 |
| 12-31-2021 | 19.75 &nbsp;&nbsp;0.06<sup>3</sup> | &nbsp;&nbsp;3.17 | &nbsp;&nbsp;3.23 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.27) |  | (1.27) | 21.71 | &nbsp;&nbsp;16.41 | 0.29<sup>4</sup> | 0.28<sup>4</sup> | &nbsp;&nbsp;0.29<sup>3</sup> | &nbsp;&nbsp;33 | &nbsp;&nbsp;8 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |
| **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 18.54 (0.08)<sup>3</sup> | &nbsp;&nbsp;3.76 | &nbsp;&nbsp;3.68 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.79)<sup>4</sup> |  | (1.79) | 20.43 | &nbsp;&nbsp;19.81 | 0.63<sup>5</sup> | 0.62<sup>5</sup> | (0.38)<sup>3</sup> | 420 | 11 |
| 12-31-2024 | 15.41 (0.01)<sup>3</sup> | &nbsp;&nbsp;4.72 | &nbsp;&nbsp;4.71 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.58)<sup>4</sup> |  | (1.58) | 18.54 | &nbsp;&nbsp;31.09 | 0.63<sup>5</sup> | 0.62<sup>5</sup> | (0.03)<sup>3</sup> | 354 | &nbsp;&nbsp;5 |
| 12-31-2023 | 13.39 &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3,6</sup> | &nbsp;&nbsp;4.67 | &nbsp;&nbsp;4.67 | (0.01) | (2.64) |  | (2.65) | 15.41 | &nbsp;&nbsp;37.99 | 0.64<sup>5</sup> | 0.63<sup>5</sup> | (0.01)<sup>3</sup> | 271 | &nbsp;&nbsp;8 |
| 12-31-2022 | 26.51 &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3,6</sup> | (7.86) | (7.86) | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.26)<sup>4</sup> |  | (5.26) | 13.39 | (30.20) | 0.63<sup>5</sup> | 0.62<sup>5</sup> | (0.02)<sup>3</sup> | 188 | 11 |
| 12-31-2021 | 23.31 (0.04)<sup>3</sup> | &nbsp;&nbsp;5.05 | &nbsp;&nbsp;5.01 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.81)<sup>4</sup> |  | (1.81) | 26.51 | &nbsp;&nbsp;21.55 | 0.63<sup>5</sup> | 0.62<sup>5</sup> | (0.14)<sup>3</sup> | 265 | 14 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 18.15 (0.08)<sup>3</sup> | &nbsp;&nbsp;3.67 | &nbsp;&nbsp;3.59 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.78)<sup>4</sup> |  | (1.78) | 19.96 | &nbsp;&nbsp;19.73 | 0.78<sup>5</sup> | 0.68<sup>5</sup> | (0.44)<sup>3</sup> | 588 | 11 |
| 12-31-2024 | 15.12 (0.02)<sup>3</sup> | &nbsp;&nbsp;4.63 | &nbsp;&nbsp;4.61 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.58)<sup>4</sup> |  | (1.58) | 18.15 | &nbsp;&nbsp;31.03 | 0.78<sup>5</sup> | 0.68<sup>5</sup> | (0.13)<sup>3</sup> | 577 | &nbsp;&nbsp;5 |
| 12-31-2023 | 13.19 (0.02)<sup>3</sup> | &nbsp;&nbsp;4.60 | &nbsp;&nbsp;4.58 | (0.01) | (2.64) |  | (2.65) | 15.12 | &nbsp;&nbsp;37.88 | 0.79<sup>5</sup> | 0.69<sup>5</sup> | (0.10)<sup>3</sup> | 545 | &nbsp;&nbsp;8 |
| 12-31-2022 | 26.22 (0.02)<sup>3</sup> | (7.76) | (7.78) | (0.01) | (5.24)<sup>4</sup> |  | (5.25) | 13.19 | (30.25) | 0.78<sup>5</sup> | 0.68<sup>5</sup> | (0.11)<sup>3</sup> | 481 | 11 |
| 12-31-2021 | 23.07 (0.06)<sup>3</sup> | &nbsp;&nbsp;5.00 | &nbsp;&nbsp;4.94 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.79)<sup>4</sup> |  | (1.79) | 26.22 | &nbsp;&nbsp;21.49 | 0.78<sup>5</sup> | 0.68<sup>5</sup> | (0.23)<sup>3</sup> | 739 | 14 |
| **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** |
| 12-31-2025 | 18.50 (0.01)<sup>3</sup> | &nbsp;&nbsp;3.75 | &nbsp;&nbsp;3.74 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.86)<sup>4</sup> |  | (1.86) | 20.38 | &nbsp;&nbsp;20.17 | 0.28<sup>5</sup> | 0.27<sup>5</sup> | (0.03)<sup>3</sup> | &nbsp;&nbsp;91 | 11 |
| 12-31-2024 | 15.33 &nbsp;&nbsp;0.05<sup>3</sup> | &nbsp;&nbsp;4.71 | &nbsp;&nbsp;4.76 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.59)<sup>4</sup> |  | (1.59) | 18.50 | &nbsp;&nbsp;31.60 | 0.28<sup>5</sup> | 0.27<sup>5</sup> | &nbsp;&nbsp;0.29<sup>3</sup> | &nbsp;&nbsp;91 | &nbsp;&nbsp;5 |
| 12-31-2023 | 13.29 &nbsp;&nbsp;0.05<sup>3</sup> | &nbsp;&nbsp;4.64 | &nbsp;&nbsp;4.69 | (0.01) | (2.64) |  | (2.65) | 15.33 | &nbsp;&nbsp;38.45 | 0.29<sup>5</sup> | 0.28<sup>5</sup> | &nbsp;&nbsp;0.31<sup>3</sup> | &nbsp;&nbsp;86 | &nbsp;&nbsp;8 |
| 12-31-2022 | 26.38 &nbsp;&nbsp;0.06<sup>3</sup> | (7.82) | (7.76) | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.33)<sup>4</sup> |  | (5.33) | 13.29 | (29.95) | 0.28<sup>5</sup> | 0.27<sup>5</sup> | &nbsp;&nbsp;0.31<sup>3</sup> | &nbsp;&nbsp;76 | 11 |
| 12-31-2021 | 23.19 &nbsp;&nbsp;0.05<sup>3</sup> | &nbsp;&nbsp;5.04 | &nbsp;&nbsp;5.09 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.90)<sup>4</sup> |  | (1.90) | 26.38 | &nbsp;&nbsp;22.00 | 0.28<sup>5</sup> | 0.27<sup>5</sup> | &nbsp;&nbsp;0.19<sup>3</sup> | 106 | 14 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 6 Less than $0.005 per share.** |

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| **The accompanying notes are an integral part of the financial statements.** | 198 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 18.05 0.10<sup>3</sup> | &nbsp;&nbsp;3.06 | &nbsp;&nbsp;3.16 | (0.08) | (2.18) |  | (2.26) | 18.95 | &nbsp;&nbsp;17.65 | 0.63<sup>4</sup> | 0.63<sup>4</sup> | 0.53<sup>3</sup> | 405 | 13 |
| 12-31-2024 | 15.73 0.13<sup>3</sup> | &nbsp;&nbsp;3.58 | &nbsp;&nbsp;3.71 | (0.12) | (1.27) |  | (1.39) | 18.05 | &nbsp;&nbsp;23.71 | 0.63<sup>4</sup> | 0.63<sup>4</sup> | 0.72<sup>3</sup> | 368 | &nbsp;&nbsp;6 |
| 12-31-2023 | 14.21 0.15<sup>3</sup> | &nbsp;&nbsp;3.27 | &nbsp;&nbsp;3.42 | (0.16) | (1.74) |  | (1.90) | 15.73 | &nbsp;&nbsp;25.68 | 0.64<sup>4</sup> | 0.63<sup>4</sup> | 0.97<sup>3</sup> | 315 | &nbsp;&nbsp;8 |
| 12-31-2022 | 18.55 0.14<sup>3</sup> | (3.28) | (3.14) | (0.13) | (1.07) |  | (1.20) | 14.21 | (16.78) | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 0.89<sup>3</sup> | 268 | 12 |
| 12-31-2021 | 15.87 0.13<sup>3</sup> | &nbsp;&nbsp;3.59 | &nbsp;&nbsp;3.72 | (0.13) | (0.91) |  | (1.04) | 18.55 | &nbsp;&nbsp;23.61 | 0.63<sup>4</sup> | 0.62<sup>4</sup> | 0.74<sup>3</sup> | 344 | &nbsp;&nbsp;3 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 17.92 0.08<sup>3</sup> | &nbsp;&nbsp;3.04 | &nbsp;&nbsp;3.12 | (0.07) | (2.18) |  | (2.25) | 18.79 | &nbsp;&nbsp;17.53 | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 0.41<sup>3</sup> | 422 | 13 |
| 12-31-2024 | 15.62 0.10<sup>3</sup> | &nbsp;&nbsp;3.57 | &nbsp;&nbsp;3.67 | (0.10) | (1.27) |  | (1.37) | 17.92 | &nbsp;&nbsp;23.66 | 0.78<sup>4</sup> | 0.71<sup>4</sup> | 0.58<sup>3</sup> | 417 | &nbsp;&nbsp;6 |
| 12-31-2023 | 14.13 0.13<sup>3</sup> | &nbsp;&nbsp;3.24 | &nbsp;&nbsp;3.37 | (0.14) | (1.74) |  | (1.88) | 15.62 | &nbsp;&nbsp;25.52 | 0.79<sup>4</sup> | 0.71<sup>4</sup> | 0.85<sup>3</sup> | 410 | &nbsp;&nbsp;8 |
| 12-31-2022 | 18.45 0.12<sup>3</sup> | (3.25) | (3.13) | (0.12) | (1.07) |  | (1.19) | 14.13 | (16.84) | 0.78<sup>4</sup> | 0.70<sup>4</sup> | 0.78<sup>3</sup> | 380 | 12 |
| 12-31-2021 | 15.79 0.11<sup>3</sup> | &nbsp;&nbsp;3.58 | &nbsp;&nbsp;3.69 | (0.12) | (0.91) |  | (1.03) | 18.45 | &nbsp;&nbsp;23.51 | 0.78<sup>4</sup> | 0.70<sup>4</sup> | 0.61<sup>3</sup> | 531 | &nbsp;&nbsp;3 |
| **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** |
| 12-31-2025 | 18.02 0.16<sup>3</sup> | &nbsp;&nbsp;3.06 | &nbsp;&nbsp;3.22 | (0.17) | (2.18) |  | (2.35) | 18.89 | &nbsp;&nbsp;18.10 | 0.28<sup>4</sup> | 0.28<sup>4</sup> | 0.83<sup>3</sup> | 176 | 13 |
| 12-31-2024 | 15.69 0.18<sup>3</sup> | &nbsp;&nbsp;3.60 | &nbsp;&nbsp;3.78 | (0.18) | (1.27) |  | (1.45) | 18.02 | &nbsp;&nbsp;24.17 | 0.28<sup>4</sup> | 0.28<sup>4</sup> | 1.01<sup>3</sup> | 177 | &nbsp;&nbsp;6 |
| 12-31-2023 | 14.17 0.20<sup>3</sup> | &nbsp;&nbsp;3.27 | &nbsp;&nbsp;3.47 | (0.21) | (1.74) |  | (1.95) | 15.69 | &nbsp;&nbsp;26.14 | 0.29<sup>4</sup> | 0.28<sup>4</sup> | 1.29<sup>3</sup> | 175 | &nbsp;&nbsp;8 |
| 12-31-2022 | 18.52 0.20<sup>3</sup> | (3.29) | (3.09) | (0.19) | (1.07) |  | (1.26) | 14.17 | (16.56) | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 1.24<sup>3</sup> | 163 | 12 |
| 12-31-2021 | 15.83 0.19<sup>3</sup> | &nbsp;&nbsp;3.60 | &nbsp;&nbsp;3.79 | (0.19) | (0.91) |  | (1.10) | 18.52 | &nbsp;&nbsp;24.13 | 0.28<sup>4</sup> | 0.27<sup>4</sup> | 1.05<sup>3</sup> | 216 | &nbsp;&nbsp;3 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |
| **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 14.77 0.16<sup>3</sup> | &nbsp;&nbsp;3.70 | &nbsp;&nbsp;3.86 | (0.15) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.15) | 18.48 | &nbsp;&nbsp;26.14 | 0.69<sup>4</sup> | 0.68<sup>4</sup> | 0.95<sup>3</sup> | 154 | &nbsp;&nbsp;4 |
| 12-31-2024 | 14.50 0.12<sup>3</sup> | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;0.41 | (0.12) | (0.02) |  | (0.14) | 14.77 | &nbsp;&nbsp;&nbsp;2.79 | 0.64<sup>4</sup> | 0.63<sup>4</sup> | 0.80<sup>3</sup> | 122 | &nbsp;&nbsp;6 |
| 12-31-2023 | 15.03 0.15<sup>3</sup> | &nbsp;&nbsp;1.87 | &nbsp;&nbsp;2.02 | (0.15) | (2.40) |  | (2.55) | 14.50 | &nbsp;&nbsp;15.39 | 0.65<sup>4</sup> | 0.64<sup>4</sup> | 0.93<sup>3</sup> | 122 | &nbsp;&nbsp;7 |
| 12-31-2022 | 20.56 0.22<sup>3</sup> | (4.63) | (4.41) | (0.22) | (0.90) |  | (1.12) | 15.03 | (21.11) | 0.64<sup>4</sup> | 0.63<sup>4</sup> | 1.32<sup>3</sup> | 106 | 15 |
| 12-31-2021 | 21.41 0.41<sup>3</sup> | (0.80) | (0.39) | (0.42) | (0.04) |  | (0.46) | 20.56 | &nbsp;&nbsp;(1.81) | 0.63<sup>4</sup> | 0.63<sup>4</sup> | 1.89<sup>3</sup> | 145 | &nbsp;&nbsp;9 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 14.76 0.12<sup>3</sup> | &nbsp;&nbsp;3.73 | &nbsp;&nbsp;3.85 | (0.13) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.13) | 18.48 | &nbsp;&nbsp;26.09 | 0.84<sup>4</sup> | 0.78<sup>4</sup> | 0.73<sup>3</sup> | 207 | &nbsp;&nbsp;4 |
| 12-31-2024 | 14.50 0.10<sup>3</sup> | &nbsp;&nbsp;0.28 | &nbsp;&nbsp;0.38 | (0.10) | (0.02) |  | (0.12) | 14.76 | &nbsp;&nbsp;&nbsp;2.61 | 0.79<sup>4</sup> | 0.75<sup>4</sup> | 0.62<sup>3</sup> | 201 | &nbsp;&nbsp;6 |
| 12-31-2023 | 15.03 0.12<sup>3</sup> | &nbsp;&nbsp;1.87 | &nbsp;&nbsp;1.99 | (0.12) | (2.40) |  | (2.52) | 14.50 | &nbsp;&nbsp;15.23 | 0.80<sup>4</sup> | 0.77<sup>4</sup> | 0.75<sup>3</sup> | 213 | &nbsp;&nbsp;7 |
| 12-31-2022 | 20.54 0.20<sup>3</sup> | (4.61) | (4.41) | (0.20) | (0.90) |  | (1.10) | 15.03 | (21.16) | 0.79<sup>4</sup> | 0.76<sup>4</sup> | 1.20<sup>3</sup> | 206 | 15 |
| 12-31-2021 | 21.39 0.39<sup>3</sup> | (0.81) | (0.42) | (0.39) | (0.04) |  | (0.43) | 20.54 | &nbsp;&nbsp;(1.96) | 0.78<sup>4</sup> | 0.76<sup>4</sup> | 1.80<sup>3</sup> | 293 | &nbsp;&nbsp;9 |
| **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** | **Series III** |
| 12-31-2025 | 14.69 0.19<sup>3</sup> | &nbsp;&nbsp;3.72 | &nbsp;&nbsp;3.91 | (0.23) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.23) | 18.37 | &nbsp;&nbsp;26.63 | 0.34<sup>4</sup> | 0.33<sup>4</sup> | 1.16<sup>3</sup> | &nbsp;&nbsp;27 | &nbsp;&nbsp;4 |
| 12-31-2024 | 14.43 0.17<sup>3</sup> | &nbsp;&nbsp;0.28 | &nbsp;&nbsp;0.45 | (0.17) | (0.02) |  | (0.19) | 14.69 | &nbsp;&nbsp;&nbsp;3.10 | 0.29<sup>4</sup> | 0.28<sup>4</sup> | 1.08<sup>3</sup> | &nbsp;&nbsp;26 | &nbsp;&nbsp;6 |
| 12-31-2023 | 14.97 0.20<sup>3</sup> | &nbsp;&nbsp;1.86 | &nbsp;&nbsp;2.06 | (0.20) | (2.40) |  | (2.60) | 14.43 | &nbsp;&nbsp;15.76 | 0.30<sup>4</sup> | 0.29<sup>4</sup> | 1.24<sup>3</sup> | &nbsp;&nbsp;28 | &nbsp;&nbsp;7 |
| 12-31-2022 | 20.48 0.29<sup>3</sup> | (4.62) | (4.33) | (0.28) | (0.90) |  | (1.18) | 14.97 | (20.80) | 0.29<sup>4</sup> | 0.28<sup>4</sup> | 1.72<sup>3</sup> | &nbsp;&nbsp;27 | 15 |
| 12-31-2021 | 21.34 0.50<sup>3</sup> | (0.82) | (0.32) | (0.50) | (0.04) |  | (0.54) | 20.48 | &nbsp;&nbsp;(1.50) | 0.28<sup>4</sup> | 0.28<sup>4</sup> | 2.31<sup>3</sup> | &nbsp;&nbsp;36 | &nbsp;&nbsp;9 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 199 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 33.67 | (0.09) | &nbsp;&nbsp;&nbsp;6.26 | &nbsp;&nbsp;&nbsp;6.17 | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.42) |  | (5.42) | 34.42 | &nbsp;&nbsp;18.52 | 0.82 | 0.78 | (0.27) | &nbsp;&nbsp;&nbsp;368 | &nbsp;&nbsp;18 |
| 12-31-2024 | 27.01 | (0.07) | &nbsp;&nbsp;&nbsp;9.59 | &nbsp;&nbsp;&nbsp;9.52 | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.86) |  | (2.86) | 33.67 | &nbsp;&nbsp;35.65 | 0.82 | 0.78 | (0.23) | &nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;17 |
| 12-31-2023 | 18.06 | (0.04) | &nbsp;&nbsp;&nbsp;8.99 | &nbsp;&nbsp;&nbsp;8.95 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 27.01 | &nbsp;&nbsp;49.56 | 0.83 | 0.79 | (0.19) | &nbsp;&nbsp;&nbsp;304 | &nbsp;&nbsp;11 |
| 12-31-2022 | 40.95 | (0.08) | (14.95) | (15.03) | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.86) |  | (7.86) | 18.06 | (38.09) | 0.83 | 0.79 | (0.28) | &nbsp;&nbsp;&nbsp;227 | &nbsp;&nbsp;17 |
| 12-31-2021 | 40.21 | (0.20) | &nbsp;&nbsp;&nbsp;7.02 | &nbsp;&nbsp;&nbsp;6.82 | &nbsp;&nbsp;&nbsp;&nbsp;— | (6.08) |  | (6.08) | 40.95 | &nbsp;&nbsp;16.87 | 0.82 | 0.79 | (0.46) | &nbsp;&nbsp;&nbsp;402 | &nbsp;&nbsp;36 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 30.79 | (0.15) | &nbsp;&nbsp;&nbsp;5.71 | &nbsp;&nbsp;&nbsp;5.56 | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.42) |  | (5.42) | 30.93 | &nbsp;&nbsp;18.26 | 1.02 | 0.98 | (0.47) | &nbsp;&nbsp;&nbsp;114 | &nbsp;&nbsp;18 |
| 12-31-2024 | 24.94 | (0.13) | &nbsp;&nbsp;&nbsp;8.84 | &nbsp;&nbsp;&nbsp;8.71 | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.86) |  | (2.86) | 30.79 | &nbsp;&nbsp;35.36 | 1.02 | 0.98 | (0.43) | &nbsp;&nbsp;&nbsp;114 | &nbsp;&nbsp;17 |
| 12-31-2023 | 16.71 | (0.08) | &nbsp;&nbsp;&nbsp;8.31 | &nbsp;&nbsp;&nbsp;8.23 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 24.94 | &nbsp;&nbsp;49.25 | 1.03 | 0.99 | (0.39) | &nbsp;&nbsp;&nbsp;101 | &nbsp;&nbsp;11 |
| 12-31-2022 | 38.84 | (0.13) | (14.14) | (14.27) | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.86) |  | (7.86) | 16.71 | (38.20) | 1.03 | 0.99 | (0.48) | &nbsp;&nbsp;&nbsp;&nbsp;79 | &nbsp;&nbsp;17 |
| 12-31-2021 | 38.48 | (0.27) | &nbsp;&nbsp;&nbsp;6.71 | &nbsp;&nbsp;&nbsp;6.44 | &nbsp;&nbsp;&nbsp;&nbsp;— | (6.08) |  | (6.08) | 38.84 | &nbsp;&nbsp;16.63 | 1.02 | 0.99 | (0.66) | &nbsp;&nbsp;&nbsp;146 | &nbsp;&nbsp;36 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 33.84 | (0.08) | &nbsp;&nbsp;&nbsp;6.30 | &nbsp;&nbsp;&nbsp;6.22 | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.42) |  | (5.42) | 34.64 | &nbsp;&nbsp;18.57 | 0.77 | 0.73 | (0.22) | 1711 | &nbsp;&nbsp;18 |
| 12-31-2024 | 27.12 | (0.06) | &nbsp;&nbsp;&nbsp;9.64 | &nbsp;&nbsp;&nbsp;9.58 | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.86) |  | (2.86) | 33.84 | &nbsp;&nbsp;35.73 | 0.77 | 0.73 | (0.18) | 1605 | &nbsp;&nbsp;17 |
| 12-31-2023 | 18.13 | (0.03) | &nbsp;&nbsp;&nbsp;9.02 | &nbsp;&nbsp;&nbsp;8.99 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 27.12 | &nbsp;&nbsp;49.59 | 0.78 | 0.74 | (0.14) | 1382 | &nbsp;&nbsp;11 |
| 12-31-2022 | 41.04 | (0.07) | (14.98) | (15.05) | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.86) |  | (7.86) | 18.13 | (38.05) | 0.78 | 0.74 | (0.23) | 1119 | &nbsp;&nbsp;17 |
| 12-31-2021 | 40.27 | (0.18) | &nbsp;&nbsp;&nbsp;7.03 | &nbsp;&nbsp;&nbsp;6.85 | &nbsp;&nbsp;&nbsp;&nbsp;— | (6.08) |  | (6.08) | 41.04 | &nbsp;&nbsp;16.92 | 0.77 | 0.74 | (0.41) | 1883 | &nbsp;&nbsp;36 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 12.17 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;1.41 | (0.26) | (1.32) |  | (1.58) | 12.00 | &nbsp;&nbsp;11.61 | 0.94 | 0.89 | &nbsp;&nbsp;1.69 | &nbsp;&nbsp;&nbsp;&nbsp;11 | 127 |
| 12-31-2024 | 11.02 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;1.12 | &nbsp;&nbsp;&nbsp;1.36 | (0.10) | (0.11) |  | (0.21) | 12.17 | &nbsp;&nbsp;12.33 | 0.94 | 0.89 | &nbsp;&nbsp;2.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;83 |
| 12-31-2023 | 10.62 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;1.56 | &nbsp;&nbsp;&nbsp;1.80 | (0.20) | (1.20) |  | (1.40) | 11.02 | &nbsp;&nbsp;18.18 | 0.95 | 0.90 | &nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;76 |
| 12-31-2022 | 14.06 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;(1.83) | &nbsp;&nbsp;(1.69) | (0.13) | (1.62) |  | (1.75) | 10.62 | (11.86) | 0.94 | 0.90 | &nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;88 |
| 12-31-2021 | 13.39 | &nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;2.31 | &nbsp;&nbsp;&nbsp;2.40 | (0.11) | (1.62) |  | (1.73) | 14.06 | &nbsp;&nbsp;18.13 | 0.93 | 0.88 | &nbsp;&nbsp;0.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;55 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 12.07 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp;1.37 | (0.24) | (1.32) |  | (1.56) | 11.88 | &nbsp;&nbsp;11.35 | 1.14 | 1.09 | &nbsp;&nbsp;1.49 | &nbsp;&nbsp;&nbsp;224 | 127 |
| 12-31-2024 | 10.93 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;1.33 | (0.08) | (0.11) |  | (0.19) | 12.07 | &nbsp;&nbsp;12.15 | 1.14 | 1.09 | &nbsp;&nbsp;1.84 | &nbsp;&nbsp;&nbsp;237 | &nbsp;&nbsp;83 |
| 12-31-2023 | 10.54 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;1.56 | &nbsp;&nbsp;&nbsp;1.77 | (0.18) | (1.20) |  | (1.38) | 10.93 | &nbsp;&nbsp;18.01 | 1.15 | 1.10 | &nbsp;&nbsp;1.90 | &nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;76 |
| 12-31-2022 | 13.97 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;(1.82) | &nbsp;&nbsp;(1.71) | (0.10) | (1.62) |  | (1.72) | 10.54 | (12.07) | 1.14 | 1.10 | &nbsp;&nbsp;0.93 | &nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;88 |
| 12-31-2021 | 13.32 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;&nbsp;2.29 | &nbsp;&nbsp;&nbsp;2.35 | (0.08) | (1.62) |  | (1.70) | 13.97 | &nbsp;&nbsp;17.85 | 1.13 | 1.08 | &nbsp;&nbsp;0.43 | &nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;55 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 12.12 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;1.19 | &nbsp;&nbsp;&nbsp;1.41 | (0.27) | (1.32) |  | (1.59) | 11.94 | &nbsp;&nbsp;11.62 | 0.89 | 0.84 | &nbsp;&nbsp;1.74 | &nbsp;&nbsp;&nbsp;256 | 127 |
| 12-31-2024 | 10.97 | &nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;1.36 | (0.10) | (0.11) |  | (0.21) | 12.12 | &nbsp;&nbsp;12.43 | 0.89 | 0.84 | &nbsp;&nbsp;2.09 | &nbsp;&nbsp;&nbsp;232 | &nbsp;&nbsp;83 |
| 12-31-2023 | 10.57 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;1.57 | &nbsp;&nbsp;&nbsp;1.81 | (0.21) | (1.20) |  | (1.41) | 10.97 | &nbsp;&nbsp;18.31 | 0.90 | 0.85 | &nbsp;&nbsp;2.16 | &nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;76 |
| 12-31-2022 | 14.01 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;(1.84) | &nbsp;&nbsp;(1.69) | (0.13) | (1.62) |  | (1.75) | 10.57 | (11.87) | 0.89 | 0.85 | &nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;88 |
| 12-31-2021 | 13.35 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;2.30 | &nbsp;&nbsp;&nbsp;2.40 | (0.12) | (1.62) |  | (1.74) | 14.01 | &nbsp;&nbsp;18.16 | 0.88 | 0.83 | &nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;55 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

---

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| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 200 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | &nbsp;&nbsp;9.41 | 0.27 | &nbsp;&nbsp;2.73 | &nbsp;&nbsp;3.00 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.14) | 12.27 | &nbsp;&nbsp;31.88 | 0.97 | 0.96 | 2.54 | &nbsp;&nbsp;&nbsp;&nbsp;7 | 199 |
| 12-31-2024 | 10.06 | 0.18 | (0.41) | (0.23) | (0.42) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.42) | &nbsp;&nbsp;9.41 | &nbsp;&nbsp;(2.48) | 1.08 | 1.07 | 1.76 | &nbsp;&nbsp;&nbsp;&nbsp;6 | 264<sup>3</sup> |
| 12-31-2023 | &nbsp;&nbsp;8.88 | 0.30 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;1.33 | (0.15) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.15) | 10.06 | &nbsp;&nbsp;15.19 | 1.09 | 1.08 | 3.21 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;12 |
| 12-31-2022 | 10.50 | 0.37 | (1.63) | (1.26) | (0.36) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.36) | &nbsp;&nbsp;8.88 | (11.67) | 1.12 | 1.11 | 3.83 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;15 |
| 12-31-2021 | &nbsp;&nbsp;9.67 | 0.26 | &nbsp;&nbsp;0.83 | &nbsp;&nbsp;1.09 | (0.26) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.26) | 10.50 | &nbsp;&nbsp;11.18 | 1.09 | 1.08 | 2.48 | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;26 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;9.41 | 0.25 | &nbsp;&nbsp;2.73 | &nbsp;&nbsp;2.98 | (0.12) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.12) | 12.27 | &nbsp;&nbsp;31.68 | 1.17 | 1.16 | 2.31 | &nbsp;&nbsp;23 | 199 |
| 12-31-2024 | 10.06 | 0.16 | (0.41) | (0.25) | (0.40) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.40) | &nbsp;&nbsp;9.41 | &nbsp;&nbsp;(2.65) | 1.28 | 1.27 | 1.57 | &nbsp;&nbsp;21 | 264<sup>3</sup> |
| 12-31-2023 | &nbsp;&nbsp;8.89 | 0.28 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;1.31 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.14) | 10.06 | &nbsp;&nbsp;14.85 | 1.29 | 1.28 | 2.97 | &nbsp;&nbsp;26 | &nbsp;&nbsp;12 |
| 12-31-2022 | 10.51 | 0.35 | (1.63) | (1.28) | (0.34) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.34) | &nbsp;&nbsp;8.89 | (11.87) | 1.32 | 1.31 | 3.61 | &nbsp;&nbsp;26 | &nbsp;&nbsp;15 |
| 12-31-2021 | &nbsp;&nbsp;9.67 | 0.24 | &nbsp;&nbsp;0.84 | &nbsp;&nbsp;1.08 | (0.24) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.24) | 10.51 | &nbsp;&nbsp;11.08 | 1.29 | 1.28 | 2.27 | &nbsp;&nbsp;34 | &nbsp;&nbsp;26 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | &nbsp;&nbsp;9.39 | 0.28 | &nbsp;&nbsp;2.72 | &nbsp;&nbsp;3.00 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.14) | 12.25 | &nbsp;&nbsp;32.00 | 0.92 | 0.91 | 2.56 | 241 | 199 |
| 12-31-2024 | 10.04 | 0.18 | (0.40) | (0.22) | (0.43) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.43) | &nbsp;&nbsp;9.39 | &nbsp;&nbsp;(2.44) | 1.03 | 1.02 | 1.81 | 192 | 264<sup>3</sup> |
| 12-31-2023 | &nbsp;&nbsp;8.87 | 0.30 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;1.33 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.16) | 10.04 | &nbsp;&nbsp;15.15 | 1.04 | 1.03 | 3.22 | 189 | &nbsp;&nbsp;12 |
| 12-31-2022 | 10.49 | 0.37 | (1.63) | (1.26) | (0.36) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.36) | &nbsp;&nbsp;8.87 | (11.63) | 1.07 | 1.06 | 3.89 | 173 | &nbsp;&nbsp;15 |
| 12-31-2021 | &nbsp;&nbsp;9.65 | 0.27 | &nbsp;&nbsp;0.83 | &nbsp;&nbsp;1.10 | (0.26) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.26) | 10.49 | &nbsp;&nbsp;11.25 | 1.04 | 1.03 | 2.55 | 210 | &nbsp;&nbsp;26 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.** |
| **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 13.99 | 0.33 | &nbsp;&nbsp;5.32 | &nbsp;&nbsp;5.65 | (0.31) | (1.35) |  | (1.66) | 17.98 | &nbsp;&nbsp;40.90 | 0.84 | 0.84 | 1.99 | &nbsp;&nbsp;83 | &nbsp;&nbsp;72 |
| 12-31-2024 | 15.47 | 0.31 | (0.24) | &nbsp;&nbsp;0.07 | (0.05) | (1.50) |  | (1.55) | 13.99 | &nbsp;&nbsp;(0.38) | 0.84 | 0.84 | 1.95 | &nbsp;&nbsp;68 | &nbsp;&nbsp;93 |
| 12-31-2023 | 13.15 | 0.32 | &nbsp;&nbsp;2.28 | &nbsp;&nbsp;2.60 | (0.28) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.28) | 15.47 | &nbsp;&nbsp;19.96 | 0.87 | 0.86 | 2.22 | &nbsp;&nbsp;77 | &nbsp;&nbsp;81 |
| 12-31-2022 | 14.38 | 0.31 | (1.05) | (0.74) | (0.49) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.49) | 13.15 | &nbsp;&nbsp;(4.77) | 0.93 | 0.92 | 2.33 | &nbsp;&nbsp;67 | &nbsp;&nbsp;74 |
| 12-31-2021 | 13.05 | 0.46 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.71 | (0.38) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.38) | 14.38 | &nbsp;&nbsp;13.06 | 0.93 | 0.92 | 3.21 | &nbsp;&nbsp;78 | &nbsp;&nbsp;60 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.97 | 0.30 | &nbsp;&nbsp;5.30 | &nbsp;&nbsp;5.60 | (0.28) | (1.35) |  | (1.63) | 17.94 | &nbsp;&nbsp;40.60 | 1.04 | 1.04 | 1.77 | &nbsp;&nbsp;50 | &nbsp;&nbsp;72 |
| 12-31-2024 | 15.45 | 0.28 | (0.24) | &nbsp;&nbsp;0.04 | (0.02) | (1.50) |  | (1.52) | 13.97 | &nbsp;&nbsp;(0.56) | 1.04 | 1.04 | 1.75 | &nbsp;&nbsp;40 | &nbsp;&nbsp;93 |
| 12-31-2023 | 13.14 | 0.29 | &nbsp;&nbsp;2.27 | &nbsp;&nbsp;2.56 | (0.25) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.25) | 15.45 | &nbsp;&nbsp;19.69 | 1.07 | 1.06 | 2.02 | &nbsp;&nbsp;45 | &nbsp;&nbsp;81 |
| 12-31-2022 | 14.37 | 0.29 | (1.06) | (0.77) | (0.46) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.46) | 13.14 | &nbsp;&nbsp;(4.98) | 1.13 | 1.12 | 2.15 | &nbsp;&nbsp;41 | &nbsp;&nbsp;74 |
| 12-31-2021 | 13.04 | 0.43 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.68 | (0.35) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.35) | 14.37 | &nbsp;&nbsp;12.86 | 1.13 | 1.12 | 3.02 | &nbsp;&nbsp;46 | &nbsp;&nbsp;60 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 13.85 | 0.33 | &nbsp;&nbsp;5.28 | &nbsp;&nbsp;5.61 | (0.32) | (1.35) |  | (1.67) | 17.79 | &nbsp;&nbsp;41.02 | 0.79 | 0.79 | 1.98 | 210 | &nbsp;&nbsp;72 |
| 12-31-2024 | 15.33 | 0.31 | (0.23) | &nbsp;&nbsp;0.08 | (0.06) | (1.50) |  | (1.56) | 13.85 | &nbsp;&nbsp;(0.35) | 0.79 | 0.79 | 1.98 | 156 | &nbsp;&nbsp;93 |
| 12-31-2023 | 13.03 | 0.33 | &nbsp;&nbsp;2.25 | &nbsp;&nbsp;2.58 | (0.28) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.28) | 15.33 | &nbsp;&nbsp;20.05 | 0.82 | 0.81 | 2.27 | 161 | &nbsp;&nbsp;81 |
| 12-31-2022 | 14.26 | 0.31 | (1.04) | (0.73) | (0.50) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.50) | 13.03 | &nbsp;&nbsp;(4.75) | 0.88 | 0.87 | 2.35 | 151 | &nbsp;&nbsp;74 |
| 12-31-2021 | 12.94 | 0.46 | &nbsp;&nbsp;1.24 | &nbsp;&nbsp;1.70 | (0.38) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.38) | 14.26 | &nbsp;&nbsp;13.15 | 0.88 | 0.87 | 3.26 | 193 | &nbsp;&nbsp;60 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 201 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 14.12 | 0.24 | &nbsp;&nbsp;1.69 | &nbsp;&nbsp;1.93 | (0.38) | (2.50) |  | (2.88) | 13.17 | &nbsp;&nbsp;14.39 | 0.79 | 0.76 | 1.70 | &nbsp;&nbsp;&nbsp;212 | 25 |
| 12-31-2024 | 13.44 | 0.26 | &nbsp;&nbsp;1.34 | &nbsp;&nbsp;1.60 | (0.25) | (0.67) |  | (0.92) | 14.12 | &nbsp;&nbsp;11.67 | 0.77 | 0.74 | 1.79 | &nbsp;&nbsp;&nbsp;211 | 22 |
| 12-31-2023 | 13.93 | 0.27 | &nbsp;&nbsp;0.83 | &nbsp;&nbsp;1.10 | (0.27) | (1.32) |  | (1.59) | 13.44 | &nbsp;&nbsp;&nbsp;9.39 | 0.78 | 0.75 | 1.97 | &nbsp;&nbsp;&nbsp;214 | 18 |
| 12-31-2022 | 16.63 | 0.30 | (0.95) | (0.65) | (0.29) | (1.76) |  | (2.05) | 13.93 | &nbsp;&nbsp;(3.40) | 0.78 | 0.75 | 1.92 | &nbsp;&nbsp;&nbsp;218 | 16 |
| 12-31-2021 | 13.79 | 0.26 | &nbsp;&nbsp;3.23 | &nbsp;&nbsp;3.49 | (0.32) | (0.33) |  | (0.65) | 16.63 | &nbsp;&nbsp;25.42 | 0.77 | 0.74 | 1.62 | &nbsp;&nbsp;&nbsp;250 | 21 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.98 | 0.21 | &nbsp;&nbsp;1.67 | &nbsp;&nbsp;1.88 | (0.35) | (2.50) |  | (2.85) | 13.01 | &nbsp;&nbsp;14.18 | 0.99 | 0.96 | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp;97 | 25 |
| 12-31-2024 | 13.33 | 0.23 | &nbsp;&nbsp;1.31 | &nbsp;&nbsp;1.54 | (0.22) | (0.67) |  | (0.89) | 13.98 | &nbsp;&nbsp;11.36 | 0.97 | 0.94 | 1.59 | &nbsp;&nbsp;&nbsp;100 | 22 |
| 12-31-2023 | 13.82 | 0.24 | &nbsp;&nbsp;0.84 | &nbsp;&nbsp;1.08 | (0.25) | (1.32) |  | (1.57) | 13.33 | &nbsp;&nbsp;&nbsp;9.26 | 0.98 | 0.95 | 1.77 | &nbsp;&nbsp;&nbsp;107 | 18 |
| 12-31-2022 | 16.52 | 0.27 | (0.95) | (0.68) | (0.26) | (1.76) |  | (2.02) | 13.82 | &nbsp;&nbsp;(3.64) | 0.98 | 0.95 | 1.72 | &nbsp;&nbsp;&nbsp;113 | 16 |
| 12-31-2021 | 13.70 | 0.23 | &nbsp;&nbsp;3.21 | &nbsp;&nbsp;3.44 | (0.29) | (0.33) |  | (0.62) | 16.52 | &nbsp;&nbsp;25.21 | 0.97 | 0.94 | 1.42 | &nbsp;&nbsp;&nbsp;130 | 21 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 13.99 | 0.24 | &nbsp;&nbsp;1.68 | &nbsp;&nbsp;1.92 | (0.39) | (2.50) |  | (2.89) | 13.02 | &nbsp;&nbsp;14.42 | 0.74 | 0.71 | 1.69 | &nbsp;&nbsp;&nbsp;557 | 25 |
| 12-31-2024 | 13.33 | 0.26 | &nbsp;&nbsp;1.32 | &nbsp;&nbsp;1.58 | (0.25) | (0.67) |  | (0.92) | 13.99 | &nbsp;&nbsp;11.67 | 0.72 | 0.69 | 1.84 | 1056 | 22 |
| 12-31-2023 | 13.82 | 0.28 | &nbsp;&nbsp;0.83 | &nbsp;&nbsp;1.11 | (0.28) | (1.32) |  | (1.60) | 13.33 | &nbsp;&nbsp;&nbsp;9.52 | 0.73 | 0.70 | 2.02 | 1067 | 18 |
| 12-31-2022 | 16.52 | 0.31 | (0.95) | (0.64) | (0.30) | (1.76) |  | (2.06) | 13.82 | &nbsp;&nbsp;(3.38) | 0.73 | 0.70 | 1.96 | 1043 | 16 |
| 12-31-2021 | 13.70 | 0.27 | &nbsp;&nbsp;3.21 | &nbsp;&nbsp;3.48 | (0.33) | (0.33) |  | (0.66) | 16.52 | &nbsp;&nbsp;25.49 | 0.72 | 0.69 | 1.67 | 1311 | 21 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 14.20 | 0.17 | &nbsp;&nbsp;1.46 | &nbsp;&nbsp;1.63 | (0.18) | (0.71) |  | (0.89) | 14.94 | &nbsp;&nbsp;12.00 | 0.94 | 0.93 | 1.16 | &nbsp;&nbsp;&nbsp;&nbsp;88 | 75 |
| 12-31-2024 | 11.01 | 0.16 | &nbsp;&nbsp;3.16 | &nbsp;&nbsp;3.32 | (0.13) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.13) | 14.20 | &nbsp;&nbsp;30.23 | 0.94 | 0.93 | 1.27 | &nbsp;&nbsp;&nbsp;&nbsp;95 | 67 |
| 12-31-2023 | 11.20 | 0.21 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;0.47 | (0.19) | (0.47) |  | (0.66) | 11.01 | &nbsp;&nbsp;&nbsp;5.22 | 0.95 | 0.94 | 1.95 | &nbsp;&nbsp;&nbsp;&nbsp;77 | 68 |
| 12-31-2022 | 16.38 | 0.22 | (2.47) | (2.25) | (0.35) | (2.58) |  | (2.93) | 11.20 | (13.67) | 0.91 | 0.90 | 1.51 | &nbsp;&nbsp;&nbsp;&nbsp;93 | 50 |
| 12-31-2021 | 12.79 | 0.15 | &nbsp;&nbsp;3.65 | &nbsp;&nbsp;3.80 | (0.13) | (0.08) |  | (0.21) | 16.38 | &nbsp;&nbsp;29.70 | 0.90 | 0.89 | 0.96 | &nbsp;&nbsp;&nbsp;132 | 74 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 14.00 | 0.14 | &nbsp;&nbsp;1.44 | &nbsp;&nbsp;1.58 | (0.15) | (0.71) |  | (0.86) | 14.72 | &nbsp;&nbsp;11.82 | 1.14 | 1.13 | 0.96 | &nbsp;&nbsp;&nbsp;&nbsp;19 | 75 |
| 12-31-2024 | 10.86 | 0.13 | &nbsp;&nbsp;3.12 | &nbsp;&nbsp;3.25 | (0.11) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.11) | 14.00 | &nbsp;&nbsp;29.99 | 1.14 | 1.13 | 1.07 | &nbsp;&nbsp;&nbsp;&nbsp;16 | 67 |
| 12-31-2023 | 11.06 | 0.18 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;0.44 | (0.17) | (0.47) |  | (0.64) | 10.86 | &nbsp;&nbsp;&nbsp;4.98 | 1.15 | 1.14 | 1.75 | &nbsp;&nbsp;&nbsp;&nbsp;14 | 68 |
| 12-31-2022 | 16.21 | 0.18 | (2.43) | (2.25) | (0.32) | (2.58) |  | (2.90) | 11.06 | (13.83) | 1.11 | 1.10 | 1.31 | &nbsp;&nbsp;&nbsp;&nbsp;16 | 50 |
| 12-31-2021 | 12.67 | 0.11 | &nbsp;&nbsp;3.62 | &nbsp;&nbsp;3.73 | (0.11) | (0.08) |  | (0.19) | 16.21 | &nbsp;&nbsp;29.38 | 1.10 | 1.09 | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;22 | 74 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 14.13 | 0.18 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.63 | (0.18) | (0.71) |  | (0.89) | 14.87 | &nbsp;&nbsp;12.11 | 0.89 | 0.88 | 1.21 | &nbsp;&nbsp;&nbsp;&nbsp;33 | 75 |
| 12-31-2024 | 10.95 | 0.16 | &nbsp;&nbsp;3.16 | &nbsp;&nbsp;3.32 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.14) | 14.13 | &nbsp;&nbsp;30.36 | 0.89 | 0.88 | 1.32 | &nbsp;&nbsp;&nbsp;&nbsp;31 | 67 |
| 12-31-2023 | 11.15 | 0.21 | &nbsp;&nbsp;0.25 | &nbsp;&nbsp;0.46 | (0.19) | (0.47) |  | (0.66) | 10.95 | &nbsp;&nbsp;&nbsp;5.21 | 0.90 | 0.89 | 2.00 | &nbsp;&nbsp;&nbsp;&nbsp;26 | 68 |
| 12-31-2022 | 16.32 | 0.22 | (2.45) | (2.23) | (0.36) | (2.58) |  | (2.94) | 11.15 | (13.61) | 0.86 | 0.85 | 1.57 | &nbsp;&nbsp;&nbsp;&nbsp;27 | 50 |
| 12-31-2021 | 12.75 | 0.15 | &nbsp;&nbsp;3.64 | &nbsp;&nbsp;3.79 | (0.14) | (0.08) |  | (0.22) | 16.32 | &nbsp;&nbsp;29.70 | 0.85 | 0.84 | 1.01 | &nbsp;&nbsp;&nbsp;&nbsp;34 | 74 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 202 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 32.65 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;1.47 | &nbsp;&nbsp;1.60 | (0.13) | (3.63) |  | (3.76) | 30.49 | &nbsp;&nbsp;&nbsp;4.78 | 0.77 | 0.76 | &nbsp;&nbsp;0.41 | &nbsp;&nbsp;&nbsp;138 | 41 |
| 12-31-2024 | 28.84 | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;6.76 | &nbsp;&nbsp;6.89 | (0.04) | (3.04) |  | (3.08) | 32.65 | &nbsp;&nbsp;24.16 | 0.76 | 0.75 | &nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;113 | 16 |
| 12-31-2023 | 24.72 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;7.89 | &nbsp;&nbsp;8.00 | (0.11) | (3.77) |  | (3.88) | 28.84 | &nbsp;&nbsp;35.40 | 0.77 | 0.76 | &nbsp;&nbsp;0.39 | &nbsp;&nbsp;&nbsp;105 | 16 |
| 12-31-2022 | 36.40 | &nbsp;&nbsp;0.07 | (8.85) | (8.78) | (0.07) | (2.83) |  | (2.90) | 24.72 | (24.29) | 0.76 | 0.76 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;&nbsp;85 | 29 |
| 12-31-2021 | 30.15 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;9.14 | &nbsp;&nbsp;9.18 | (0.04) | (2.89) |  | (2.93) | 36.40 | &nbsp;&nbsp;30.63 | 0.76 | 0.75 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;138 | 14 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 32.42 | &nbsp;&nbsp;0.07 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.52 | (0.07) | (3.63) |  | (3.70) | 30.24 | &nbsp;&nbsp;&nbsp;4.57 | 0.97 | 0.96 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;&nbsp;&nbsp;44 | 41 |
| 12-31-2024 | 28.68 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;6.72 | &nbsp;&nbsp;6.78 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.04) |  | (3.04) | 32.42 | &nbsp;&nbsp;23.92 | 0.96 | 0.95 | &nbsp;&nbsp;0.20 | &nbsp;&nbsp;&nbsp;&nbsp;51 | 16 |
| 12-31-2023 | 24.61 | &nbsp;&nbsp;0.05 | &nbsp;&nbsp;7.84 | &nbsp;&nbsp;7.89 | (0.05) | (3.77) |  | (3.82) | 28.68 | &nbsp;&nbsp;35.10 | 0.97 | 0.96 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;48 | 16 |
| 12-31-2022 | 36.24 | &nbsp;&nbsp;0.01 | (8.81) | (8.80) | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3</sup> | (2.83) |  | (2.83) | 24.61 | (24.43) | 0.96 | 0.96 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;41 | 29 |
| 12-31-2021 | 30.06 | (0.03) | &nbsp;&nbsp;9.10 | &nbsp;&nbsp;9.07 | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.89) |  | (2.89) | 36.24 | &nbsp;&nbsp;30.34 | 0.96 | 0.95 | (0.09) | &nbsp;&nbsp;&nbsp;&nbsp;62 | 14 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 32.97 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;1.48 | &nbsp;&nbsp;1.63 | (0.14) | (3.63) |  | (3.77) | 30.83 | &nbsp;&nbsp;&nbsp;4.84 | 0.72 | 0.71 | &nbsp;&nbsp;0.47 | 2388 | 41 |
| 12-31-2024 | 29.09 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;6.83 | &nbsp;&nbsp;6.97 | (0.05) | (3.04) |  | (3.09) | 32.97 | &nbsp;&nbsp;24.24 | 0.71 | 0.70 | &nbsp;&nbsp;0.45 | 2485 | 16 |
| 12-31-2023 | 24.91 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;7.95 | &nbsp;&nbsp;8.07 | (0.12) | (3.77) |  | (3.89) | 29.09 | &nbsp;&nbsp;35.44 | 0.72 | 0.71 | &nbsp;&nbsp;0.44 | 2148 | 16 |
| 12-31-2022 | 36.66 | &nbsp;&nbsp;0.09 | (8.93) | (8.84) | (0.08) | (2.83) |  | (2.91) | 24.91 | (24.26) | 0.71 | 0.71 | &nbsp;&nbsp;0.29 | 1717 | 29 |
| 12-31-2021 | 30.34 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;9.21 | &nbsp;&nbsp;9.27 | (0.06) | (2.89) |  | (2.95) | 36.66 | &nbsp;&nbsp;30.68 | 0.71 | 0.70 | &nbsp;&nbsp;0.16 | 2457 | 14 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** |
| **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 26.75 | &nbsp;&nbsp;0.30 | &nbsp;&nbsp;3.92 | &nbsp;&nbsp;4.22 | (0.31) | (3.73) |  | (4.04) | 26.93 | &nbsp;&nbsp;15.93 | 0.78 | 0.77 | &nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;467 | 15 |
| 12-31-2024 | 25.39 | &nbsp;&nbsp;0.30 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;4.36 | (0.09) | (2.91) |  | (3.00) | 26.75 | &nbsp;&nbsp;16.98 | 0.78 | 0.76 | &nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;462 | 16 |
| 12-31-2023 | 22.62 | &nbsp;&nbsp;0.28 | &nbsp;&nbsp;4.68 | &nbsp;&nbsp;4.96 | (0.26) | (1.93) |  | (2.19) | 25.39 | &nbsp;&nbsp;23.45 | 0.79 | 0.77 | &nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;447 | 13 |
| 12-31-2022 | 28.91 | &nbsp;&nbsp;0.26 | (2.73) | (2.47) | (0.29) | (3.53) |  | (3.82) | 22.62 | &nbsp;&nbsp;(7.95) | 0.78 | 0.77 | &nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;408 | 21 |
| 12-31-2021 | 25.10 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;7.34 | &nbsp;&nbsp;7.56 | (0.24) | (3.51) |  | (3.75) | 28.91 | &nbsp;&nbsp;29.96 | 0.77 | 0.76 | &nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;483 | 29 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 27.05 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;3.97 | &nbsp;&nbsp;4.21 | (0.26) | (3.73) |  | (3.99) | 27.27 | &nbsp;&nbsp;15.71 | 0.98 | 0.97 | &nbsp;&nbsp;0.88 | &nbsp;&nbsp;&nbsp;148 | 15 |
| 12-31-2024 | 25.66 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;4.10 | &nbsp;&nbsp;4.34 | (0.04) | (2.91) |  | (2.95) | 27.05 | &nbsp;&nbsp;16.74 | 0.98 | 0.96 | &nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;149 | 16 |
| 12-31-2023 | 22.84 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;4.74 | &nbsp;&nbsp;4.97 | (0.22) | (1.93) |  | (2.15) | 25.66 | &nbsp;&nbsp;23.22 | 0.99 | 0.97 | &nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;150 | 13 |
| 12-31-2022 | 29.14 | &nbsp;&nbsp;0.21 | (2.74) | (2.53) | (0.24) | (3.53) |  | (3.77) | 22.84 | &nbsp;&nbsp;(8.13) | 0.98 | 0.97 | &nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;143 | 21 |
| 12-31-2021 | 25.28 | &nbsp;&nbsp;0.16 | &nbsp;&nbsp;7.39 | &nbsp;&nbsp;7.55 | (0.18) | (3.51) |  | (3.69) | 29.14 | &nbsp;&nbsp;29.72 | 0.97 | 0.96 | &nbsp;&nbsp;0.55 | &nbsp;&nbsp;&nbsp;177 | 29 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 26.77 | &nbsp;&nbsp;0.31 | &nbsp;&nbsp;3.93 | &nbsp;&nbsp;4.24 | (0.32) | (3.73) |  | (4.05) | 26.96 | &nbsp;&nbsp;16.01 | 0.73 | 0.72 | &nbsp;&nbsp;1.13 | &nbsp;&nbsp;&nbsp;223 | 15 |
| 12-31-2024 | 25.41 | &nbsp;&nbsp;0.31 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;4.37 | (0.10) | (2.91) |  | (3.01) | 26.77 | &nbsp;&nbsp;17.02 | 0.73 | 0.71 | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;211 | 16 |
| 12-31-2023 | 22.64 | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;4.68 | &nbsp;&nbsp;4.97 | (0.27) | (1.93) |  | (2.20) | 25.41 | &nbsp;&nbsp;23.49 | 0.74 | 0.72 | &nbsp;&nbsp;1.19 | &nbsp;&nbsp;&nbsp;176 | 13 |
| 12-31-2022 | 28.92 | &nbsp;&nbsp;0.28 | (2.72) | (2.44) | (0.31) | (3.53) |  | (3.84) | 22.64 | &nbsp;&nbsp;(7.86) | 0.73 | 0.72 | &nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;163 | 21 |
| 12-31-2021 | 25.11 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;7.34 | &nbsp;&nbsp;7.57 | (0.25) | (3.51) |  | (3.76) | 28.92 | &nbsp;&nbsp;30.00 | 0.72 | 0.71 | &nbsp;&nbsp;0.79 | &nbsp;&nbsp;&nbsp;163 | 29 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 203 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 23.22 | &nbsp;&nbsp;0.25 | &nbsp;&nbsp;3.85 | &nbsp;&nbsp;4.10 | (0.32) | (2.85) |  | (3.17) | 24.15 | &nbsp;&nbsp;18.13 | 0.94 | 0.93 | &nbsp;&nbsp;1.01 | 220 | 42 |
| 12-31-2024 | 22.37 | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;2.09 | &nbsp;&nbsp;2.38 | (0.29) | (1.24) |  | (1.53) | 23.22 | &nbsp;&nbsp;10.47 | 0.94 | 0.93 | &nbsp;&nbsp;1.21 | 220 | 47 |
| 12-31-2023 | 19.49 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;3.55 | &nbsp;&nbsp;3.81 | (0.17) | (0.76) |  | (0.93) | 22.37 | &nbsp;&nbsp;20.09 | 0.95 | 0.94 | &nbsp;&nbsp;1.24 | 225 | 38 |
| 12-31-2022 | 25.34 | &nbsp;&nbsp;0.31 | (4.12) | (3.81) | (0.61) | (1.43) |  | (2.04) | 19.49 | (14.84) | 0.94 | 0.93 | &nbsp;&nbsp;1.40 | 212 | 61 |
| 12-31-2021 | 20.89 | &nbsp;&nbsp;0.39 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;4.45 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 25.34 | &nbsp;&nbsp;21.30 | 0.93 | 0.92 | &nbsp;&nbsp;1.68 | 277 | 64 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 23.02 | &nbsp;&nbsp;0.20 | &nbsp;&nbsp;3.81 | &nbsp;&nbsp;4.01 | (0.27) | (2.85) |  | (3.12) | 23.91 | &nbsp;&nbsp;17.91 | 1.14 | 1.13 | &nbsp;&nbsp;0.82 | &nbsp;&nbsp;20 | 42 |
| 12-31-2024 | 22.19 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;2.08 | &nbsp;&nbsp;2.32 | (0.25) | (1.24) |  | (1.49) | 23.02 | &nbsp;&nbsp;10.28 | 1.14 | 1.13 | &nbsp;&nbsp;1.01 | &nbsp;&nbsp;21 | 47 |
| 12-31-2023 | 19.35 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;3.52 | &nbsp;&nbsp;3.74 | (0.14) | (0.76) |  | (0.90) | 22.19 | &nbsp;&nbsp;19.81 | 1.15 | 1.14 | &nbsp;&nbsp;1.04 | &nbsp;&nbsp;22 | 38 |
| 12-31-2022 | 25.17 | &nbsp;&nbsp;0.26 | (4.09) | (3.83) | (0.56) | (1.43) |  | (1.99) | 19.35 | (15.01) | 1.14 | 1.13 | &nbsp;&nbsp;1.20 | &nbsp;&nbsp;21 | 61 |
| 12-31-2021 | 20.79 | &nbsp;&nbsp;0.34 | &nbsp;&nbsp;4.04 | &nbsp;&nbsp;4.38 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 25.17 | &nbsp;&nbsp;21.01 | 1.13 | 1.12 | &nbsp;&nbsp;1.46 | &nbsp;&nbsp;29 | 64 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 23.20 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;3.85 | &nbsp;&nbsp;4.11 | (0.33) | (2.85) |  | (3.18) | 24.13 | &nbsp;&nbsp;18.20 | 0.89 | 0.88 | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;60 | 42 |
| 12-31-2024 | 22.35 | &nbsp;&nbsp;0.30 | &nbsp;&nbsp;2.09 | &nbsp;&nbsp;2.39 | (0.30) | (1.24) |  | (1.54) | 23.20 | &nbsp;&nbsp;10.53 | 0.89 | 0.88 | &nbsp;&nbsp;1.26 | &nbsp;&nbsp;54 | 47 |
| 12-31-2023 | 19.47 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;3.55 | &nbsp;&nbsp;3.82 | (0.18) | (0.76) |  | (0.94) | 22.35 | &nbsp;&nbsp;20.17 | 0.90 | 0.89 | &nbsp;&nbsp;1.28 | &nbsp;&nbsp;49 | 38 |
| 12-31-2022 | 25.32 | &nbsp;&nbsp;0.32 | (4.12) | (3.80) | (0.62) | (1.43) |  | (2.05) | 19.47 | (14.81) | 0.89 | 0.88 | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;42 | 61 |
| 12-31-2021 | 20.87 | &nbsp;&nbsp;0.39 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;4.45 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 25.32 | &nbsp;&nbsp;21.32 | 0.88 | 0.87 | &nbsp;&nbsp;1.69 | &nbsp;&nbsp;51 | 64 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 22.30 | (0.07) | &nbsp;&nbsp;4.13 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.23) |  | (3.23) | 23.13 | &nbsp;&nbsp;19.49 | 1.05 | 1.00 | (0.31) | &nbsp;&nbsp;46 | 68 |
| 12-31-2024 | 23.45 | (0.08) | &nbsp;&nbsp;0.64 | &nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.71) |  | (1.71) | 22.30 | &nbsp;&nbsp;&nbsp;1.78 | 1.00 | 0.94 | (0.32) | &nbsp;&nbsp;48 | 44 |
| 12-31-2023 | 23.84 | (0.06) | &nbsp;&nbsp;0.93 | &nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.26) |  | (1.26) | 23.45 | &nbsp;&nbsp;&nbsp;4.25 | 1.06 | 1.00 | (0.26) | &nbsp;&nbsp;58 | 43 |
| 12-31-2022 | 31.29 | (0.07) | (4.14) | (4.21) | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.24) |  | (3.24) | 23.84 | (13.09) | 1.06 | 1.01 | (0.29) | &nbsp;&nbsp;65 | 24 |
| 12-31-2021 | 31.07 | (0.15) | &nbsp;&nbsp;3.67 | &nbsp;&nbsp;3.52 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.30) |  | (3.30) | 31.29 | &nbsp;&nbsp;11.19 | 1.08 | 1.03 | (0.47) | &nbsp;&nbsp;80 | 29 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 18.92 | (0.10) | &nbsp;&nbsp;3.45 | &nbsp;&nbsp;3.35 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.23) |  | (3.23) | 19.04 | &nbsp;&nbsp;19.22 | 1.25 | 1.20 | (0.51) | &nbsp;&nbsp;42 | 68 |
| 12-31-2024 | 20.16 | (0.11) | &nbsp;&nbsp;0.58 | &nbsp;&nbsp;0.47 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.71) |  | (1.71) | 18.92 | &nbsp;&nbsp;&nbsp;1.62 | 1.20 | 1.14 | (0.52) | &nbsp;&nbsp;43 | 44 |
| 12-31-2023 | 20.73 | (0.09) | &nbsp;&nbsp;0.78 | &nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.26) |  | (1.26) | 20.16 | &nbsp;&nbsp;&nbsp;4.02 | 1.26 | 1.20 | (0.46) | &nbsp;&nbsp;50 | 43 |
| 12-31-2022 | 27.76 | (0.11) | (3.68) | (3.79) | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.24) |  | (3.24) | 20.73 | (13.24) | 1.26 | 1.21 | (0.49) | &nbsp;&nbsp;56 | 24 |
| 12-31-2021 | 27.95 | (0.19) | &nbsp;&nbsp;3.30 | &nbsp;&nbsp;3.11 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.30) |  | (3.30) | 27.76 | &nbsp;&nbsp;10.97 | 1.28 | 1.23 | (0.67) | &nbsp;&nbsp;75 | 29 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 22.98 | (0.06) | &nbsp;&nbsp;4.26 | &nbsp;&nbsp;4.20 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.23) |  | (3.23) | 23.95 | &nbsp;&nbsp;19.53 | 1.00 | 0.95 | (0.26) | 157 | 68 |
| 12-31-2024 | 24.10 | (0.07) | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;0.59 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.71) |  | (1.71) | 22.98 | &nbsp;&nbsp;&nbsp;1.86 | 0.95 | 0.89 | (0.27) | 145 | 44 |
| 12-31-2023 | 24.46 | (0.05) | &nbsp;&nbsp;0.95 | &nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.26) |  | (1.26) | 24.10 | &nbsp;&nbsp;&nbsp;4.26 | 1.01 | 0.95 | (0.20) | 155 | 43 |
| 12-31-2022 | 31.98 | (0.06) | (4.22) | (4.28) | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.24) |  | (3.24) | 24.46 | (13.02) | 1.01 | 0.96 | (0.23) | 157 | 24 |
| 12-31-2021 | 31.68 | (0.14) | &nbsp;&nbsp;3.74 | &nbsp;&nbsp;3.60 | &nbsp;&nbsp;&nbsp;&nbsp;— | (3.30) |  | (3.30) | 31.98 | &nbsp;&nbsp;11.23 | 1.03 | 0.98 | (0.42) | 183 | 29 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 204 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 18.93 | 0.50 | &nbsp;&nbsp;5.64 | &nbsp;&nbsp;6.14 | (0.51) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.51) | 24.56 | &nbsp;&nbsp;32.50 | 0.70 | 0.40 | 2.26 | 403 | &nbsp;&nbsp;4 |
| 12-31-2024 | 18.34 | 0.47 | &nbsp;&nbsp;0.43 | &nbsp;&nbsp;0.90 | (0.31) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.31) | 18.93 | &nbsp;&nbsp;&nbsp;4.91 | 0.67 | 0.39 | 2.43 | 307 | &nbsp;&nbsp;3 |
| 12-31-2023 | 16.31 | 0.45 | &nbsp;&nbsp;2.01 | &nbsp;&nbsp;2.46 | (0.43) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.43) | 18.34 | &nbsp;&nbsp;15.36 | 0.66 | 0.39 | 2.59 | 326 | &nbsp;&nbsp;4 |
| 12-31-2022 | 20.25 | 0.48 | (3.84) | (3.36) | (0.50) | (0.08) |  | (0.58) | 16.31 | (16.25) | 0.67 | 0.39 | 2.77 | 294 | &nbsp;&nbsp;6 |
| 12-31-2021 | 19.55 | 0.48 | &nbsp;&nbsp;1.02 | &nbsp;&nbsp;1.50 | (0.55) | (0.25) |  | (0.80) | 20.25 | &nbsp;&nbsp;&nbsp;7.59 | 0.65 | 0.39 | 2.29 | 371 | &nbsp;&nbsp;5 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 18.95 | 0.46 | &nbsp;&nbsp;5.64 | &nbsp;&nbsp;6.10 | (0.47) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.47) | 24.58 | &nbsp;&nbsp;32.26 | 0.90 | 0.60 | 2.08 | &nbsp;&nbsp;20 | &nbsp;&nbsp;4 |
| 12-31-2024 | 18.37 | 0.43 | &nbsp;&nbsp;0.43 | &nbsp;&nbsp;0.86 | (0.28) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.28) | 18.95 | &nbsp;&nbsp;&nbsp;4.62 | 0.87 | 0.59 | 2.25 | &nbsp;&nbsp;17 | &nbsp;&nbsp;3 |
| 12-31-2023 | 16.34 | 0.42 | &nbsp;&nbsp;2.01 | &nbsp;&nbsp;2.43 | (0.40) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.40) | 18.37 | &nbsp;&nbsp;15.18 | 0.86 | 0.59 | 2.38 | &nbsp;&nbsp;19 | &nbsp;&nbsp;4 |
| 12-31-2022 | 20.27 | 0.44 | (3.82) | (3.38) | (0.47) | (0.08) |  | (0.55) | 16.34 | (16.39) | 0.87 | 0.59 | 2.55 | &nbsp;&nbsp;17 | &nbsp;&nbsp;6 |
| 12-31-2021 | 19.58 | 0.43 | &nbsp;&nbsp;1.02 | &nbsp;&nbsp;1.45 | (0.51) | (0.25) |  | (0.76) | 20.27 | &nbsp;&nbsp;&nbsp;7.33 | 0.85 | 0.59 | 2.09 | &nbsp;&nbsp;23 | &nbsp;&nbsp;5 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 18.92 | 0.51 | &nbsp;&nbsp;5.64 | &nbsp;&nbsp;6.15 | (0.52) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.52) | 24.55 | &nbsp;&nbsp;32.57 | 0.65 | 0.35 | 2.33 | 771 | &nbsp;&nbsp;4 |
| 12-31-2024 | 18.33 | 0.48 | &nbsp;&nbsp;0.43 | &nbsp;&nbsp;0.91 | (0.32) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.32) | 18.92 | &nbsp;&nbsp;&nbsp;4.90 | 0.62 | 0.34 | 2.47 | 575 | &nbsp;&nbsp;3 |
| 12-31-2023 | 16.31 | 0.46 | &nbsp;&nbsp;2.00 | &nbsp;&nbsp;2.46 | (0.44) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.44) | 18.33 | &nbsp;&nbsp;15.42 | 0.61 | 0.34 | 2.64 | 541 | &nbsp;&nbsp;4 |
| 12-31-2022 | 20.24 | 0.49 | (3.83) | (3.34) | (0.51) | (0.08) |  | (0.59) | 16.31 | (16.16) | 0.62 | 0.34 | 2.84 | 468 | &nbsp;&nbsp;6 |
| 12-31-2021 | 19.55 | 0.48 | &nbsp;&nbsp;1.02 | &nbsp;&nbsp;1.50 | (0.56) | (0.25) |  | (0.81) | 20.24 | &nbsp;&nbsp;&nbsp;7.59 | 0.60 | 0.34 | 2.33 | 535 | &nbsp;&nbsp;5 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 12.63 | 0.31 | &nbsp;&nbsp;4.08 | &nbsp;&nbsp;4.39 | (0.34) | (0.66) |  | (1.00) | 16.02 | &nbsp;&nbsp;34.98 | 1.07 | 1.06 | 2.10 | &nbsp;&nbsp;21 | 15 |
| 12-31-2024 | 12.69 | 0.25 | &nbsp;&nbsp;0.16 | &nbsp;&nbsp;0.41 | (0.37) | (0.10) |  | (0.47) | 12.63 | &nbsp;&nbsp;&nbsp;3.07 | 1.06 | 1.06 | 1.95 | &nbsp;&nbsp;18 | 13 |
| 12-31-2023 | 11.72 | 0.25 | &nbsp;&nbsp;1.24 | &nbsp;&nbsp;1.49 | (0.25) | (0.27) |  | (0.52) | 12.69 | &nbsp;&nbsp;13.44 | 1.06 | 1.05 | 2.02 | &nbsp;&nbsp;19 | 11 |
| 12-31-2022 | 16.08 | 0.25 | (3.32) | (3.07) | (0.26) | (1.03) |  | (1.29) | 11.72 | (18.17) | 1.08 | 1.08 | 1.92 | &nbsp;&nbsp;19 | 20 |
| 12-31-2021 | 14.73 | 0.21 | &nbsp;&nbsp;1.82 | &nbsp;&nbsp;2.03 | (0.21) | (0.47) |  | (0.68) | 16.08 | &nbsp;&nbsp;13.72 | 1.08 | 1.07 | 1.31 | &nbsp;&nbsp;26 | 23 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 12.61 | 0.28 | &nbsp;&nbsp;4.06 | &nbsp;&nbsp;4.34 | (0.31) | (0.66) |  | (0.97) | 15.98 | &nbsp;&nbsp;34.67 | 1.27 | 1.26 | 1.88 | &nbsp;&nbsp;16 | 15 |
| 12-31-2024 | 12.68 | 0.23 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;0.37 | (0.34) | (0.10) |  | (0.44) | 12.61 | &nbsp;&nbsp;&nbsp;2.82 | 1.26 | 1.26 | 1.75 | &nbsp;&nbsp;12 | 13 |
| 12-31-2023 | 11.70 | 0.22 | &nbsp;&nbsp;1.26 | &nbsp;&nbsp;1.48 | (0.23) | (0.27) |  | (0.50) | 12.68 | &nbsp;&nbsp;13.33 | 1.26 | 1.25 | 1.82 | &nbsp;&nbsp;13 | 11 |
| 12-31-2022 | 16.05 | 0.22 | (3.31) | (3.09) | (0.23) | (1.03) |  | (1.26) | 11.70 | (18.35) | 1.28 | 1.28 | 1.70 | &nbsp;&nbsp;12 | 20 |
| 12-31-2021 | 14.71 | 0.18 | &nbsp;&nbsp;1.81 | &nbsp;&nbsp;1.99 | (0.18) | (0.47) |  | (0.65) | 16.05 | &nbsp;&nbsp;13.47 | 1.28 | 1.27 | 1.12 | &nbsp;&nbsp;15 | 23 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 12.64 | 0.31 | &nbsp;&nbsp;4.08 | &nbsp;&nbsp;4.39 | (0.34) | (0.66) |  | (1.00) | 16.03 | &nbsp;&nbsp;35.01 | 1.02 | 1.01 | 2.13 | &nbsp;&nbsp;77 | 15 |
| 12-31-2024 | 12.70 | 0.26 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;0.41 | (0.37) | (0.10) |  | (0.47) | 12.64 | &nbsp;&nbsp;&nbsp;3.11 | 1.01 | 1.01 | 2.00 | &nbsp;&nbsp;65 | 13 |
| 12-31-2023 | 11.72 | 0.25 | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.50 | (0.25) | (0.27) |  | (0.52) | 12.70 | &nbsp;&nbsp;13.59 | 1.01 | 1.00 | 2.06 | &nbsp;&nbsp;75 | 11 |
| 12-31-2022 | 16.09 | 0.26 | (3.33) | (3.07) | (0.27) | (1.03) |  | (1.30) | 11.72 | (18.17) | 1.03 | 1.03 | 1.96 | &nbsp;&nbsp;68 | 20 |
| 12-31-2021 | 14.74 | 0.22 | &nbsp;&nbsp;1.82 | &nbsp;&nbsp;2.04 | (0.22) | (0.47) |  | (0.69) | 16.09 | &nbsp;&nbsp;13.77 | 1.03 | 1.02 | 1.37 | &nbsp;&nbsp;88 | 23 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 205 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 13.06 0.37<sup>3</sup> | &nbsp;&nbsp;1.47 | &nbsp;&nbsp;1.84 | (0.40) | (0.77) |  | (1.17) | 13.73 | &nbsp;&nbsp;14.10 | 0.13<sup>4</sup> | 0.12<sup>4</sup> | 2.72<sup>3</sup> | &nbsp;&nbsp;36 | 12 |
| 12-31-2024 | 12.65 0.31<sup>3</sup> | &nbsp;&nbsp;0.77 | &nbsp;&nbsp;1.08 | (0.31) | (0.36) |  | (0.67) | 13.06 | &nbsp;&nbsp;&nbsp;8.52 | 0.13<sup>4</sup> | 0.12<sup>4</sup> | 2.35<sup>3</sup> | &nbsp;&nbsp;37 | 13 |
| 12-31-2023 | 12.55 0.31<sup>3</sup> | &nbsp;&nbsp;1.28 | &nbsp;&nbsp;1.59 | (0.29) | (1.20) |  | (1.49) | 12.65 | &nbsp;&nbsp;13.74 | 0.13<sup>4</sup> | 0.13<sup>4</sup> | 2.39<sup>3</sup> | &nbsp;&nbsp;38 | &nbsp;&nbsp;9 |
| 12-31-2022 | 16.79 0.31<sup>3</sup> | (2.95) | (2.64) | (0.30) | (1.30) |  | (1.60) | 12.55 | (15.45) | 0.12<sup>4</sup> | 0.12<sup>4</sup> | 2.11<sup>3</sup> | &nbsp;&nbsp;32 | 15 |
| 12-31-2021 | 16.40 0.37<sup>3</sup> | &nbsp;&nbsp;1.17 | &nbsp;&nbsp;1.54 | (0.37) | (0.78) |  | (1.15) | 16.79 | &nbsp;&nbsp;&nbsp;9.44 | 0.12<sup>4</sup> | 0.11<sup>4</sup> | 2.18<sup>3</sup> | &nbsp;&nbsp;42 | 10 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.10 0.35<sup>3</sup> | &nbsp;&nbsp;1.45 | &nbsp;&nbsp;1.80 | (0.34) | (0.77) |  | (1.11) | 13.79 | &nbsp;&nbsp;13.81 | 0.33<sup>4</sup> | 0.32<sup>4</sup> | 2.53<sup>3</sup> | 730 | 12 |
| 12-31-2024 | 12.68 0.29<sup>3</sup> | &nbsp;&nbsp;0.77 | &nbsp;&nbsp;1.06 | (0.28) | (0.36) |  | (0.64) | 13.10 | &nbsp;&nbsp;&nbsp;8.37 | 0.33<sup>4</sup> | 0.32<sup>4</sup> | 2.16<sup>3</sup> | 735 | 13 |
| 12-31-2023 | 12.58 0.27<sup>3</sup> | &nbsp;&nbsp;1.29 | &nbsp;&nbsp;1.56 | (0.26) | (1.20) |  | (1.46) | 12.68 | &nbsp;&nbsp;13.50 | 0.33<sup>4</sup> | 0.33<sup>4</sup> | 2.06<sup>3</sup> | 772 | &nbsp;&nbsp;9 |
| 12-31-2022 | 16.82 0.27<sup>3</sup> | (2.94) | (2.67) | (0.27) | (1.30) |  | (1.57) | 12.58 | (15.60) | 0.32<sup>4</sup> | 0.32<sup>4</sup> | 1.87<sup>3</sup> | 730 | 15 |
| 12-31-2021 | 16.43 0.34<sup>3</sup> | &nbsp;&nbsp;1.17 | &nbsp;&nbsp;1.51 | (0.34) | (0.78) |  | (1.12) | 16.82 | &nbsp;&nbsp;&nbsp;9.21 | 0.32<sup>4</sup> | 0.31<sup>4</sup> | 1.98<sup>3</sup> | 997 | 10 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 13.05 0.40<sup>3</sup> | &nbsp;&nbsp;1.43 | &nbsp;&nbsp;1.83 | (0.41) | (0.77) |  | (1.18) | 13.70 | &nbsp;&nbsp;14.06 | 0.08<sup>4</sup> | 0.07<sup>4</sup> | 2.94<sup>3</sup> | 233 | 12 |
| 12-31-2024 | 12.63 0.32<sup>3</sup> | &nbsp;&nbsp;0.78 | &nbsp;&nbsp;1.10 | (0.32) | (0.36) |  | (0.68) | 13.05 | &nbsp;&nbsp;&nbsp;8.67 | 0.08<sup>4</sup> | 0.07<sup>4</sup> | 2.41<sup>3</sup> | 205 | 13 |
| 12-31-2023 | 12.54 0.31<sup>3</sup> | &nbsp;&nbsp;1.28 | &nbsp;&nbsp;1.59 | (0.30) | (1.20) |  | (1.50) | 12.63 | &nbsp;&nbsp;13.72 | 0.08<sup>4</sup> | 0.08<sup>4</sup> | 2.38<sup>3</sup> | 156 | &nbsp;&nbsp;9 |
| 12-31-2022 | 16.77 0.32<sup>3</sup> | (2.94) | (2.62) | (0.31) | (1.30) |  | (1.61) | 12.54 | (15.36) | 0.07<sup>4</sup> | 0.07<sup>4</sup> | 2.21<sup>3</sup> | 137 | 15 |
| 12-31-2021 | 16.38 0.40<sup>3</sup> | &nbsp;&nbsp;1.15 | &nbsp;&nbsp;1.55 | (0.38) | (0.78) |  | (1.16) | 16.77 | &nbsp;&nbsp;&nbsp;9.51 | 0.07<sup>4</sup> | 0.06<sup>4</sup> | 2.33<sup>3</sup> | 161 | 10 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |
| **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 11.26 0.40<sup>3</sup> | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;1.13 | (0.44) | (0.02) |  | (0.46) | 11.93 | &nbsp;&nbsp;10.05 | 0.17<sup>4</sup> | 0.13<sup>4</sup> | 3.42<sup>3</sup> | &nbsp;&nbsp;13 | 11 |
| 12-31-2024 | 11.15 0.34<sup>3</sup> | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;0.49 | (0.36) | (0.02) |  | (0.38) | 11.26 | &nbsp;&nbsp;&nbsp;4.43 | 0.17<sup>4</sup> | 0.13<sup>4</sup> | 2.96<sup>3</sup> | &nbsp;&nbsp;13 | 11 |
| 12-31-2023 | 11.01 0.30<sup>3</sup> | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;0.96 | (0.32) | (0.50) |  | (0.82) | 11.15 | &nbsp;&nbsp;&nbsp;9.12 | 0.17<sup>4</sup> | 0.13<sup>4</sup> | 2.62<sup>3</sup> | &nbsp;&nbsp;13 | 11 |
| 12-31-2022 | 14.10 0.32<sup>3</sup> | (2.41) | (2.09) | (0.32) | (0.68) |  | (1.00) | 11.01 | (14.62) | 0.16<sup>4</sup> | 0.13<sup>4</sup> | 2.59<sup>3</sup> | &nbsp;&nbsp;14 | 16 |
| 12-31-2021 | 14.43 0.38<sup>3</sup> | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;0.42 | (0.35) | (0.40) |  | (0.75) | 14.10 | &nbsp;&nbsp;&nbsp;2.96 | 0.14<sup>4</sup> | 0.13<sup>4</sup> | 2.62<sup>3</sup> | &nbsp;&nbsp;18 | 22 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 11.28 0.38<sup>3</sup> | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;1.11 | (0.40) | (0.02) |  | (0.42) | 11.97 | &nbsp;&nbsp;&nbsp;9.82 | 0.37<sup>4</sup> | 0.33<sup>4</sup> | 3.25<sup>3</sup> | 129 | 11 |
| 12-31-2024 | 11.17 0.33<sup>3</sup> | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;0.47 | (0.34) | (0.02) |  | (0.36) | 11.28 | &nbsp;&nbsp;&nbsp;4.22 | 0.37<sup>4</sup> | 0.33<sup>4</sup> | 2.85<sup>3</sup> | 136 | 11 |
| 12-31-2023 | 11.03 0.29<sup>3</sup> | &nbsp;&nbsp;0.64 | &nbsp;&nbsp;0.93 | (0.29) | (0.50) |  | (0.79) | 11.17 | &nbsp;&nbsp;&nbsp;8.90 | 0.37<sup>4</sup> | 0.33<sup>4</sup> | 2.54<sup>3</sup> | 146 | 11 |
| 12-31-2022 | 14.11 0.28<sup>3</sup> | (2.38) | (2.10) | (0.30) | (0.68) |  | (0.98) | 11.03 | (14.71) | 0.36<sup>4</sup> | 0.33<sup>4</sup> | 2.27<sup>3</sup> | 144 | 16 |
| 12-31-2021 | 14.45 0.32<sup>3</sup> | &nbsp;&nbsp;0.07 | &nbsp;&nbsp;0.39 | (0.33) | (0.40) |  | (0.73) | 14.11 | &nbsp;&nbsp;&nbsp;2.68 | 0.34<sup>4</sup> | 0.33<sup>4</sup> | 2.19<sup>3</sup> | 200 | 22 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 11.25 0.40<sup>3</sup> | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;1.13 | (0.45) | (0.02) |  | (0.47) | 11.91 | &nbsp;&nbsp;10.07 | 0.12<sup>4</sup> | 0.08<sup>4</sup> | 3.43<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7 | 11 |
| 12-31-2024 | 11.14 0.37<sup>3</sup> | &nbsp;&nbsp;0.13 | &nbsp;&nbsp;0.50 | (0.37) | (0.02) |  | (0.39) | 11.25 | &nbsp;&nbsp;&nbsp;4.48 | 0.12<sup>4</sup> | 0.08<sup>4</sup> | 3.20<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7 | 11 |
| 12-31-2023 | 11.00 0.30<sup>3</sup> | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;0.96 | (0.32) | (0.50) |  | (0.82) | 11.14 | &nbsp;&nbsp;&nbsp;9.18 | 0.12<sup>4</sup> | 0.08<sup>4</sup> | 2.63<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7 | 11 |
| 12-31-2022 | 14.08 0.35<sup>3</sup> | (2.42) | (2.07) | (0.33) | (0.68) |  | (1.01) | 11.00 | (14.52) | 0.11<sup>4</sup> | 0.08<sup>4</sup> | 2.84<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8 | 16 |
| 12-31-2021 | 14.42 0.33<sup>3</sup> | &nbsp;&nbsp;0.09 | &nbsp;&nbsp;0.42 | (0.36) | (0.40) |  | (0.76) | 14.08 | &nbsp;&nbsp;&nbsp;2.94 | 0.09<sup>4</sup> | 0.08<sup>4</sup> | 2.24<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8 | 22 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 206 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 13.76 0.32<sup>3</sup> | &nbsp;&nbsp;1.97 | &nbsp;&nbsp;2.29 | (0.34) | (1.20) |  | (1.54) | 14.51 | &nbsp;&nbsp;16.72 | 0.12<sup>4</sup> | 0.12<sup>4</sup> | 2.17<sup>3</sup> | &nbsp;&nbsp;&nbsp;197 | 11 |
| 12-31-2024 | 13.11 0.27<sup>3</sup> | &nbsp;&nbsp;1.22 | &nbsp;&nbsp;1.49 | (0.28) | (0.56) |  | (0.84) | 13.76 | &nbsp;&nbsp;11.31 | 0.12<sup>4</sup> | 0.11<sup>4</sup> | 1.96<sup>3</sup> | &nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;9 |
| 12-31-2023 | 13.15 0.26<sup>3</sup> | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;2.01 | (0.25) | (1.80) |  | (2.05) | 13.11 | &nbsp;&nbsp;17.00 | 0.12<sup>4</sup> | 0.12<sup>4</sup> | 1.91<sup>3</sup> | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;6 |
| 12-31-2022 | 18.57 0.29<sup>3</sup> | (3.35) | (3.06) | (0.27) | (2.09) |  | (2.36) | 13.15 | (16.08) | 0.12<sup>4</sup> | 0.11<sup>4</sup> | 1.81<sup>3</sup> | &nbsp;&nbsp;&nbsp;194 | 12 |
| 12-31-2021 | 17.79 0.37<sup>3</sup> | &nbsp;&nbsp;2.11 | &nbsp;&nbsp;2.48 | (0.36) | (1.34) |  | (1.70) | 18.57 | &nbsp;&nbsp;14.07 | 0.11<sup>4</sup> | 0.11<sup>4</sup> | 1.97<sup>3</sup> | &nbsp;&nbsp;&nbsp;252 | 12<sup>5</sup> |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.78 0.29<sup>3</sup> | &nbsp;&nbsp;1.97 | &nbsp;&nbsp;2.26 | (0.28) | (1.20) |  | (1.48) | 14.56 | &nbsp;&nbsp;16.51 | 0.32<sup>4</sup> | 0.32<sup>4</sup> | 1.99<sup>3</sup> | 4255 | 11 |
| 12-31-2024 | 13.12 0.24<sup>3</sup> | &nbsp;&nbsp;1.23 | &nbsp;&nbsp;1.47 | (0.25) | (0.56) |  | (0.81) | 13.78 | &nbsp;&nbsp;11.17 | 0.32<sup>4</sup> | 0.31<sup>4</sup> | 1.74<sup>3</sup> | 4222 | &nbsp;&nbsp;9 |
| 12-31-2023 | 13.17 0.23<sup>3</sup> | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;1.98 | (0.23) | (1.80) |  | (2.03) | 13.12 | &nbsp;&nbsp;16.67 | 0.32<sup>4</sup> | 0.32<sup>4</sup> | 1.70<sup>3</sup> | 4375 | &nbsp;&nbsp;6 |
| 12-31-2022 | 18.59 0.25<sup>3</sup> | (3.34) | (3.09) | (0.24) | (2.09) |  | (2.33) | 13.17 | (16.24) | 0.32<sup>4</sup> | 0.31<sup>4</sup> | 1.59<sup>3</sup> | 4184 | 12 |
| 12-31-2021 | 17.81 0.33<sup>3</sup> | &nbsp;&nbsp;2.11 | &nbsp;&nbsp;2.44 | (0.32) | (1.34) |  | (1.66) | 18.59 | &nbsp;&nbsp;13.84 | 0.31<sup>4</sup> | 0.31<sup>4</sup> | 1.72<sup>3</sup> | 5588 | 12<sup>5</sup> |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 13.75 0.34<sup>3</sup> | &nbsp;&nbsp;1.96 | &nbsp;&nbsp;2.30 | (0.35) | (1.20) |  | (1.55) | 14.50 | &nbsp;&nbsp;16.84 | 0.07<sup>4</sup> | 0.07<sup>4</sup> | 2.33<sup>3</sup> | &nbsp;&nbsp;&nbsp;732 | 11 |
| 12-31-2024 | 13.10 0.29<sup>3</sup> | &nbsp;&nbsp;1.21 | &nbsp;&nbsp;1.50 | (0.29) | (0.56) |  | (0.85) | 13.75 | &nbsp;&nbsp;11.37 | 0.07<sup>4</sup> | 0.06<sup>4</sup> | 2.09<sup>3</sup> | &nbsp;&nbsp;&nbsp;642 | &nbsp;&nbsp;9 |
| 12-31-2023 | 13.15 0.28<sup>3</sup> | &nbsp;&nbsp;1.73 | &nbsp;&nbsp;2.01 | (0.26) | (1.80) |  | (2.06) | 13.10 | &nbsp;&nbsp;16.97 | 0.07<sup>4</sup> | 0.07<sup>4</sup> | 2.04<sup>3</sup> | &nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;6 |
| 12-31-2022 | 18.56 0.30<sup>3</sup> | (3.34) | (3.04) | (0.28) | (2.09) |  | (2.37) | 13.15 | (15.99) | 0.07<sup>4</sup> | 0.06<sup>4</sup> | 1.92<sup>3</sup> | &nbsp;&nbsp;&nbsp;495 | 12 |
| 12-31-2021 | 17.78 0.40<sup>3</sup> | &nbsp;&nbsp;2.09 | &nbsp;&nbsp;2.49 | (0.37) | (1.34) |  | (1.71) | 18.56 | &nbsp;&nbsp;14.13 | 0.06<sup>4</sup> | 0.06<sup>4</sup> | 2.12<sup>3</sup> | &nbsp;&nbsp;&nbsp;587 | 12<sup>5</sup> |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. 5 Excludes merger activity.** |
| **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 12.30 0.39<sup>3</sup> | &nbsp;&nbsp;1.17 | &nbsp;&nbsp;1.56 | (0.42) | (0.38) |  | (0.80) | 13.06 | &nbsp;&nbsp;12.67 | 0.15<sup>4</sup> | 0.13<sup>4</sup> | 2.98<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;12 | 10 |
| 12-31-2024 | 12.03 0.33<sup>3</sup> | &nbsp;&nbsp;0.54 | &nbsp;&nbsp;0.87 | (0.34) | (0.26) |  | (0.60) | 12.30 | &nbsp;&nbsp;&nbsp;7.14 | 0.15<sup>4</sup> | 0.13<sup>4</sup> | 2.63<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;9 |
| 12-31-2023 | 11.97 0.29<sup>3</sup> | &nbsp;&nbsp;1.06 | &nbsp;&nbsp;1.35 | (0.29) | (1.00) |  | (1.29) | 12.03 | &nbsp;&nbsp;12.15 | 0.15<sup>4</sup> | 0.13<sup>4</sup> | 2.36<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;9 |
| 12-31-2022 | 15.82 0.31<sup>3</sup> | (2.75) | (2.44) | (0.31) | (1.10) |  | (1.41) | 11.97 | (15.19) | 0.14<sup>4</sup> | 0.13<sup>4</sup> | 2.28<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;12 | 15 |
| 12-31-2021 | 15.74 0.38<sup>3</sup> | &nbsp;&nbsp;0.75 | &nbsp;&nbsp;1.13 | (0.36) | (0.69) |  | (1.05) | 15.82 | &nbsp;&nbsp;&nbsp;7.25 | 0.13<sup>4</sup> | 0.13<sup>4</sup> | 2.36<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;16 | 13 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 12.33 0.36<sup>3</sup> | &nbsp;&nbsp;1.18 | &nbsp;&nbsp;1.54 | (0.37) | (0.38) |  | (0.75) | 13.12 | &nbsp;&nbsp;12.48 | 0.35<sup>4</sup> | 0.33<sup>4</sup> | 2.75<sup>3</sup> | &nbsp;&nbsp;&nbsp;207 | 10 |
| 12-31-2024 | 12.06 0.29<sup>3</sup> | &nbsp;&nbsp;0.55 | &nbsp;&nbsp;0.84 | (0.31) | (0.26) |  | (0.57) | 12.33 | &nbsp;&nbsp;&nbsp;6.91 | 0.35<sup>4</sup> | 0.33<sup>4</sup> | 2.35<sup>3</sup> | &nbsp;&nbsp;&nbsp;208 | &nbsp;&nbsp;9 |
| 12-31-2023 | 12.00 0.27<sup>3</sup> | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;1.32 | (0.26) | (1.00) |  | (1.26) | 12.06 | &nbsp;&nbsp;11.91 | 0.35<sup>4</sup> | 0.33<sup>4</sup> | 2.19<sup>3</sup> | &nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;9 |
| 12-31-2022 | 15.85 0.28<sup>3</sup> | (2.75) | (2.47) | (0.28) | (1.10) |  | (1.38) | 12.00 | (15.34) | 0.34<sup>4</sup> | 0.33<sup>4</sup> | 2.00<sup>3</sup> | &nbsp;&nbsp;&nbsp;224 | 15 |
| 12-31-2021 | 15.77 0.33<sup>3</sup> | &nbsp;&nbsp;0.77 | &nbsp;&nbsp;1.10 | (0.33) | (0.69) |  | (1.02) | 15.85 | &nbsp;&nbsp;&nbsp;7.03 | 0.33<sup>4</sup> | 0.33<sup>4</sup> | 2.05<sup>3</sup> | &nbsp;&nbsp;&nbsp;301 | 13 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 12.30 0.41<sup>3</sup> | &nbsp;&nbsp;1.15 | &nbsp;&nbsp;1.56 | (0.43) | (0.38) |  | (0.81) | 13.05 | &nbsp;&nbsp;12.69 | 0.10<sup>4</sup> | 0.08<sup>4</sup> | 3.15<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;51 | 10 |
| 12-31-2024 | 12.03 0.34<sup>3</sup> | &nbsp;&nbsp;0.53 | &nbsp;&nbsp;0.87 | (0.34) | (0.26) |  | (0.60) | 12.30 | &nbsp;&nbsp;&nbsp;7.19 | 0.10<sup>4</sup> | 0.08<sup>4</sup> | 2.69<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;9 |
| 12-31-2023 | 11.97 0.32<sup>3</sup> | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;1.35 | (0.29) | (1.00) |  | (1.29) | 12.03 | &nbsp;&nbsp;12.21 | 0.10<sup>4</sup> | 0.08<sup>4</sup> | 2.57<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;9 |
| 12-31-2022 | 15.81 0.33<sup>3</sup> | (2.76) | (2.43) | (0.31) | (1.10) |  | (1.41) | 11.97 | (15.08) | 0.09<sup>4</sup> | 0.08<sup>4</sup> | 2.37<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;39 | 15 |
| 12-31-2021 | 15.74 0.40<sup>3</sup> | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;1.13 | (0.37) | (0.69) |  | (1.06) | 15.81 | &nbsp;&nbsp;&nbsp;7.23 | 0.08<sup>4</sup> | 0.08<sup>4</sup> | 2.44<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;45 | 13 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 207 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 10.80 | (0.06) | &nbsp;&nbsp;0.72 | &nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 11.46 | &nbsp;&nbsp;&nbsp;6.11 | 0.94 | 0.93 | (0.52) | &nbsp;&nbsp;&nbsp;134 | 143 |
| 12-31-2024 | &nbsp;&nbsp;8.63 | (0.06) | &nbsp;&nbsp;2.23 | &nbsp;&nbsp;2.17 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 10.80 | &nbsp;&nbsp;25.14 | 0.94 | 0.93 | (0.62) | &nbsp;&nbsp;&nbsp;144 | 152 |
| 12-31-2023 | &nbsp;&nbsp;7.27 | (0.03) | &nbsp;&nbsp;1.39 | &nbsp;&nbsp;1.36 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;8.63 | &nbsp;&nbsp;18.71 | 0.94 | 0.94 | (0.42) | &nbsp;&nbsp;&nbsp;135 | 104 |
| 12-31-2022 | 19.86 | (0.06) | (6.98) | (7.04) | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.55) |  | (5.55) | &nbsp;&nbsp;7.27 | (34.64) | 0.93 | 0.93 | (0.50) | &nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;97 |
| 12-31-2021 | 26.19 | (0.19) | &nbsp;&nbsp;1.58 | &nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.72) |  | (7.72) | 19.86 | &nbsp;&nbsp;&nbsp;3.54 | 0.92 | 0.92 | (0.71) | &nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;91 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;8.42 | (0.06) | &nbsp;&nbsp;0.56 | &nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;8.92 | &nbsp;&nbsp;&nbsp;5.94 | 1.14 | 1.13 | (0.72) | &nbsp;&nbsp;&nbsp;&nbsp;58 | 143 |
| 12-31-2024 | &nbsp;&nbsp;6.75 | (0.06) | &nbsp;&nbsp;1.73 | &nbsp;&nbsp;1.67 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;8.42 | &nbsp;&nbsp;24.74 | 1.14 | 1.13 | (0.82) | &nbsp;&nbsp;&nbsp;&nbsp;64 | 152 |
| 12-31-2023 | &nbsp;&nbsp;5.69 | (0.04) | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;6.75 | &nbsp;&nbsp;18.63 | 1.14 | 1.14 | (0.62) | &nbsp;&nbsp;&nbsp;&nbsp;63 | 104 |
| 12-31-2022 | 17.47 | (0.07) | (6.16) | (6.23) | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.55) |  | (5.55) | &nbsp;&nbsp;5.69 | (34.77) | 1.13 | 1.13 | (0.70) | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;97 |
| 12-31-2021 | 23.93 | (0.22) | &nbsp;&nbsp;1.48 | &nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.72) |  | (7.72) | 17.47 | &nbsp;&nbsp;&nbsp;3.30 | 1.12 | 1.12 | (0.92) | &nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;91 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 11.35 | (0.05) | &nbsp;&nbsp;0.75 | &nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 12.05 | &nbsp;&nbsp;&nbsp;6.17 | 0.89 | 0.88 | (0.47) | &nbsp;&nbsp;&nbsp;438 | 143 |
| 12-31-2024 | &nbsp;&nbsp;9.07 | (0.06) | &nbsp;&nbsp;2.34 | &nbsp;&nbsp;2.28 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 11.35 | &nbsp;&nbsp;25.14 | 0.89 | 0.88 | (0.57) | &nbsp;&nbsp;&nbsp;447 | 152 |
| 12-31-2023 | &nbsp;&nbsp;7.63 | (0.03) | &nbsp;&nbsp;1.47 | &nbsp;&nbsp;1.44 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;9.07 | &nbsp;&nbsp;18.87 | 0.89 | 0.89 | (0.37) | &nbsp;&nbsp;&nbsp;408 | 104 |
| 12-31-2022 | 20.40 | (0.06) | (7.16) | (7.22) | &nbsp;&nbsp;&nbsp;&nbsp;— | (5.55) |  | (5.55) | &nbsp;&nbsp;7.63 | (34.61) | 0.88 | 0.88 | (0.44) | &nbsp;&nbsp;&nbsp;373 | &nbsp;&nbsp;97 |
| 12-31-2021 | 26.70 | (0.18) | &nbsp;&nbsp;1.60 | &nbsp;&nbsp;1.42 | &nbsp;&nbsp;&nbsp;&nbsp;— | (7.72) |  | (7.72) | 20.40 | &nbsp;&nbsp;&nbsp;3.58 | 0.87 | 0.87 | (0.66) | &nbsp;&nbsp;&nbsp;611 | &nbsp;&nbsp;91 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 21.25 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;1.23 | &nbsp;&nbsp;1.46 | (0.26) | (1.58) |  | (1.84) | 20.87 | &nbsp;&nbsp;&nbsp;6.98 | 0.57 | 0.46 | &nbsp;&nbsp;1.07 | &nbsp;&nbsp;&nbsp;808 | &nbsp;&nbsp;14 |
| 12-31-2024 | 19.60 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;2.39 | &nbsp;&nbsp;2.62 | (0.23) | (0.74) |  | (0.97) | 21.25 | &nbsp;&nbsp;13.37 | 0.56 | 0.45 | &nbsp;&nbsp;1.09 | &nbsp;&nbsp;&nbsp;886 | &nbsp;&nbsp;15 |
| 12-31-2023 | 18.11 | &nbsp;&nbsp;0.23 | &nbsp;&nbsp;2.46 | &nbsp;&nbsp;2.69 | (0.21) | (0.99) |  | (1.20) | 19.60 | &nbsp;&nbsp;16.01 | 0.57 | 0.46 | &nbsp;&nbsp;1.21 | &nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;19 |
| 12-31-2022 | 24.89 | &nbsp;&nbsp;0.25 | (3.67) | (3.42) | (0.24) | (3.12) |  | (3.36) | 18.11 | (13.43) | 0.56 | 0.45 | &nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;844 | &nbsp;&nbsp;12 |
| 12-31-2021 | 21.34 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;4.95 | &nbsp;&nbsp;5.14 | (0.23) | (1.36) |  | (1.59) | 24.89 | &nbsp;&nbsp;24.21 | 0.56 | 0.45 | &nbsp;&nbsp;0.78 | 1086 | &nbsp;&nbsp;17 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 21.06 | &nbsp;&nbsp;0.18 | &nbsp;&nbsp;1.24 | &nbsp;&nbsp;1.42 | (0.23) | (1.58) |  | (1.81) | 20.67 | &nbsp;&nbsp;&nbsp;6.81 | 0.77 | 0.66 | &nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;49 | &nbsp;&nbsp;14 |
| 12-31-2024 | 19.44 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;2.36 | &nbsp;&nbsp;2.55 | (0.19) | (0.74) |  | (0.93) | 21.06 | &nbsp;&nbsp;13.13 | 0.76 | 0.65 | &nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;15 |
| 12-31-2023 | 17.98 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;2.43 | &nbsp;&nbsp;2.62 | (0.17) | (0.99) |  | (1.16) | 19.44 | &nbsp;&nbsp;15.73 | 0.77 | 0.66 | &nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;56 | &nbsp;&nbsp;19 |
| 12-31-2022 | 24.73 | &nbsp;&nbsp;0.20 | (3.63) | (3.43) | (0.20) | (3.12) |  | (3.32) | 17.98 | (13.59) | 0.76 | 0.65 | &nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;12 |
| 12-31-2021 | 21.21 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;4.91 | &nbsp;&nbsp;5.05 | (0.17) | (1.36) |  | (1.53) | 24.73 | &nbsp;&nbsp;23.96 | 0.76 | 0.65 | &nbsp;&nbsp;0.58 | &nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;17 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 21.25 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;1.23 | &nbsp;&nbsp;1.47 | (0.27) | (1.58) |  | (1.85) | 20.87 | &nbsp;&nbsp;&nbsp;7.03 | 0.52 | 0.41 | &nbsp;&nbsp;1.13 | &nbsp;&nbsp;&nbsp;318 | &nbsp;&nbsp;14 |
| 12-31-2024 | 19.59 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;2.40 | &nbsp;&nbsp;2.64 | (0.24) | (0.74) |  | (0.98) | 21.25 | &nbsp;&nbsp;13.47 | 0.51 | 0.40 | &nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;303 | &nbsp;&nbsp;15 |
| 12-31-2023 | 18.11 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;2.45 | &nbsp;&nbsp;2.69 | (0.22) | (0.99) |  | (1.21) | 19.59 | &nbsp;&nbsp;16.00 | 0.52 | 0.41 | &nbsp;&nbsp;1.27 | &nbsp;&nbsp;&nbsp;273 | &nbsp;&nbsp;19 |
| 12-31-2022 | 24.89 | &nbsp;&nbsp;0.26 | (3.66) | (3.40) | (0.26) | (3.12) |  | (3.38) | 18.11 | (13.39) | 0.51 | 0.40 | &nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;12 |
| 12-31-2021 | 21.34 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;4.94 | &nbsp;&nbsp;5.15 | (0.24) | (1.36) |  | (1.60) | 24.89 | &nbsp;&nbsp;24.27 | 0.51 | 0.40 | &nbsp;&nbsp;0.84 | &nbsp;&nbsp;&nbsp;297 | &nbsp;&nbsp;17 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 208 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 10.86 | 0.15 | &nbsp;&nbsp;0.46 | &nbsp;&nbsp;0.61 | (0.13) | (1.99) |  | (2.12) | &nbsp;&nbsp;9.35 | &nbsp;&nbsp;&nbsp;5.85 | 0.98 | 0.92 | 1.40 | 219 | &nbsp;&nbsp;56 |
| 12-31-2024 | &nbsp;&nbsp;9.87 | 0.12 | &nbsp;&nbsp;1.49 | &nbsp;&nbsp;1.61 | (0.04) | (0.58) |  | (0.62) | 10.86 | &nbsp;&nbsp;16.24 | 0.98 | 0.92 | 1.09 | 245 | &nbsp;&nbsp;50 |
| 12-31-2023 | &nbsp;&nbsp;9.95 | 0.11 | &nbsp;&nbsp;1.44 | &nbsp;&nbsp;1.55 | (0.12) | (1.51) |  | (1.63) | &nbsp;&nbsp;9.87 | &nbsp;&nbsp;18.52 | 0.98 | 0.93 | 1.04 | 235 | &nbsp;&nbsp;46 |
| 12-31-2022 | 11.97 | 0.11 | (0.69) | (0.58) | (0.10) | (1.34) |  | (1.44) | &nbsp;&nbsp;9.95 | &nbsp;&nbsp;(4.31) | 0.98 | 0.93 | 0.94 | 222 | &nbsp;&nbsp;49 |
| 12-31-2021 | 10.18 | 0.06 | &nbsp;&nbsp;2.42 | &nbsp;&nbsp;2.48 | (0.12) | (0.57) |  | (0.69) | 11.97 | &nbsp;&nbsp;24.34 | 1.04 | 0.99 | 0.48 | 241 | &nbsp;&nbsp;26 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 10.88 | 0.13 | &nbsp;&nbsp;0.46 | &nbsp;&nbsp;0.59 | (0.11) | (1.99) |  | (2.10) | &nbsp;&nbsp;9.37 | &nbsp;&nbsp;&nbsp;5.65 | 1.18 | 1.12 | 1.20 | &nbsp;&nbsp;48 | &nbsp;&nbsp;56 |
| 12-31-2024 | &nbsp;&nbsp;9.88 | 0.10 | &nbsp;&nbsp;1.50 | &nbsp;&nbsp;1.60 | (0.02) | (0.58) |  | (0.60) | 10.88 | &nbsp;&nbsp;16.14 | 1.18 | 1.12 | 0.88 | &nbsp;&nbsp;53 | &nbsp;&nbsp;50 |
| 12-31-2023 | &nbsp;&nbsp;9.96 | 0.09 | &nbsp;&nbsp;1.44 | &nbsp;&nbsp;1.53 | (0.10) | (1.51) |  | (1.61) | &nbsp;&nbsp;9.88 | &nbsp;&nbsp;18.25 | 1.18 | 1.13 | 0.84 | &nbsp;&nbsp;54 | &nbsp;&nbsp;46 |
| 12-31-2022 | 11.98 | 0.08 | (0.69) | (0.61) | (0.07) | (1.34) |  | (1.41) | &nbsp;&nbsp;9.96 | &nbsp;&nbsp;(4.52) | 1.18 | 1.13 | 0.74 | &nbsp;&nbsp;51 | &nbsp;&nbsp;49 |
| 12-31-2021 | 10.19 | 0.03 | &nbsp;&nbsp;2.42 | &nbsp;&nbsp;2.45 | (0.09) | (0.57) |  | (0.66) | 11.98 | &nbsp;&nbsp;24.10 | 1.24 | 1.19 | 0.28 | &nbsp;&nbsp;56 | &nbsp;&nbsp;26 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 10.74 | 0.15 | &nbsp;&nbsp;0.45 | &nbsp;&nbsp;0.60 | (0.13) | (1.99) |  | (2.12) | &nbsp;&nbsp;9.22 | &nbsp;&nbsp;&nbsp;5.87 | 0.93 | 0.87 | 1.45 | 318 | &nbsp;&nbsp;56 |
| 12-31-2024 | &nbsp;&nbsp;9.76 | 0.12 | &nbsp;&nbsp;1.48 | &nbsp;&nbsp;1.60 | (0.04) | (0.58) |  | (0.62) | 10.74 | &nbsp;&nbsp;16.37 | 0.93 | 0.87 | 1.13 | 330 | &nbsp;&nbsp;50 |
| 12-31-2023 | &nbsp;&nbsp;9.85 | 0.11 | &nbsp;&nbsp;1.44 | &nbsp;&nbsp;1.55 | (0.13) | (1.51) |  | (1.64) | &nbsp;&nbsp;9.76 | &nbsp;&nbsp;18.65 | 0.93 | 0.88 | 1.09 | 331 | &nbsp;&nbsp;46 |
| 12-31-2022 | 11.87 | 0.11 | (0.69) | (0.58) | (0.10) | (1.34) |  | (1.44) | &nbsp;&nbsp;9.85 | &nbsp;&nbsp;(4.30) | 0.93 | 0.88 | 0.98 | 296 | &nbsp;&nbsp;49 |
| 12-31-2021 | 10.11 | 0.06 | &nbsp;&nbsp;2.39 | &nbsp;&nbsp;2.45 | (0.12) | (0.57) |  | (0.69) | 11.87 | &nbsp;&nbsp;24.26 | 0.99 | 0.94 | 0.53 | 366 | &nbsp;&nbsp;26 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 20.46 | 0.43 | (0.30) | &nbsp;&nbsp;0.13 | (0.38) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.38) | 20.21 | &nbsp;&nbsp;&nbsp;0.63 | 0.82 | 0.81 | 2.13 | &nbsp;&nbsp;43 | 108 |
| 12-31-2024 | 18.85 | 0.37 | &nbsp;&nbsp;1.67 | &nbsp;&nbsp;2.04 | (0.43) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.43) | 20.46 | &nbsp;&nbsp;10.71 | 0.81 | 0.81 | 1.89 | &nbsp;&nbsp;50 | &nbsp;&nbsp;70 |
| 12-31-2023 | 17.44 | 0.42 | &nbsp;&nbsp;1.71 | &nbsp;&nbsp;2.13 | (0.40) | (0.32) |  | (0.72) | 18.85 | &nbsp;&nbsp;13.02 | 0.82 | 0.81 | 2.36 | &nbsp;&nbsp;52 | 106 |
| 12-31-2022 | 27.47 | 0.35 | (8.23) | (7.88) | (0.25) | (1.90) |  | (2.15) | 17.44 | (28.51) | 0.81 | 0.80 | 1.60 | &nbsp;&nbsp;51 | &nbsp;&nbsp;93 |
| 12-31-2021 | 18.97 | 0.31 | &nbsp;&nbsp;8.54 | &nbsp;&nbsp;8.85 | (0.35) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.35) | 27.47 | &nbsp;&nbsp;46.79 | 0.80 | 0.79 | 1.33 | &nbsp;&nbsp;79 | &nbsp;&nbsp;63 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 20.44 | 0.39 | (0.30) | &nbsp;&nbsp;0.09 | (0.35) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.35) | 20.18 | &nbsp;&nbsp;&nbsp;0.40 | 1.02 | 1.01 | 1.92 | &nbsp;&nbsp;20 | 108 |
| 12-31-2024 | 18.84 | 0.33 | &nbsp;&nbsp;1.67 | &nbsp;&nbsp;2.00 | (0.40) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.40) | 20.44 | &nbsp;&nbsp;10.49 | 1.01 | 1.01 | 1.68 | &nbsp;&nbsp;23 | &nbsp;&nbsp;70 |
| 12-31-2023 | 17.43 | 0.38 | &nbsp;&nbsp;1.72 | &nbsp;&nbsp;2.10 | (0.37) | (0.32) |  | (0.69) | 18.84 | &nbsp;&nbsp;12.80 | 1.02 | 1.01 | 2.13 | &nbsp;&nbsp;25 | 106 |
| 12-31-2022 | 27.44 | 0.31 | (8.22) | (7.91) | (0.20) | (1.90) |  | (2.10) | 17.43 | (28.64) | 1.01 | 1.00 | 1.40 | &nbsp;&nbsp;28 | &nbsp;&nbsp;93 |
| 12-31-2021 | 18.96 | 0.26 | &nbsp;&nbsp;8.52 | &nbsp;&nbsp;8.78 | (0.30) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.30) | 27.44 | &nbsp;&nbsp;46.46 | 1.00 | 0.99 | 1.14 | &nbsp;&nbsp;44 | &nbsp;&nbsp;63 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 20.29 | 0.44 | (0.31) | &nbsp;&nbsp;0.13 | (0.39) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.39) | 20.03 | &nbsp;&nbsp;&nbsp;0.63 | 0.77 | 0.76 | 2.21 | 231 | 108 |
| 12-31-2024 | 18.69 | 0.38 | &nbsp;&nbsp;1.66 | &nbsp;&nbsp;2.04 | (0.44) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.44) | 20.29 | &nbsp;&nbsp;10.79 | 0.76 | 0.76 | 1.94 | 227 | &nbsp;&nbsp;70 |
| 12-31-2023 | 17.30 | 0.43 | &nbsp;&nbsp;1.69 | &nbsp;&nbsp;2.12 | (0.41) | (0.32) |  | (0.73) | 18.69 | &nbsp;&nbsp;13.06 | 0.77 | 0.76 | 2.42 | 216 | 106 |
| 12-31-2022 | 27.28 | 0.36 | (8.18) | (7.82) | (0.26) | (1.90) |  | (2.16) | 17.30 | (28.45) | 0.76 | 0.75 | 1.66 | 208 | &nbsp;&nbsp;93 |
| 12-31-2021 | 18.84 | 0.32 | &nbsp;&nbsp;8.48 | &nbsp;&nbsp;8.80 | (0.36) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.36) | 27.28 | &nbsp;&nbsp;46.80 | 0.75 | 0.74 | 1.39 | 309 | &nbsp;&nbsp;63 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 209 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 24.85 | (0.08) | &nbsp;&nbsp;&nbsp;5.95 | &nbsp;&nbsp;&nbsp;5.87 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(5.53) |  | &nbsp;&nbsp;(5.53) | 25.19 | &nbsp;&nbsp;23.58 | 1.05 | 0.98 | (0.31) | 910 | 230 |
| 12-31-2024 | 18.02 | (0.10) | &nbsp;&nbsp;&nbsp;6.93 | &nbsp;&nbsp;&nbsp;6.83 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 24.85 | &nbsp;&nbsp;37.90 | 1.05 | 0.99 | (0.46) | 879 | 240 |
| 12-31-2023 | 11.65 | (0.04) | &nbsp;&nbsp;&nbsp;6.41 | &nbsp;&nbsp;&nbsp;6.37 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 18.02 | &nbsp;&nbsp;54.68 | 1.05 | 1.00 | (0.27) | 718 | 208 |
| 12-31-2022 | 36.59 | (0.15) | (13.09) | (13.24) | &nbsp;&nbsp;&nbsp;&nbsp;— | (11.70) |  | (11.70) | 11.65 | (35.67) | 1.09 | 1.04 | (0.66) | 473 | 116 |
| 12-31-2021 | 41.87 | (0.25) | &nbsp;&nbsp;&nbsp;4.10 | &nbsp;&nbsp;&nbsp;3.85 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(9.13) |  | &nbsp;&nbsp;(9.13) | 36.59 | &nbsp;&nbsp;&nbsp;8.53 | 1.11 | 1.06 | (0.58) | 834 | &nbsp;&nbsp;87 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 20.43 | (0.10) | &nbsp;&nbsp;&nbsp;4.87 | &nbsp;&nbsp;&nbsp;4.77 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(5.53) |  | &nbsp;&nbsp;(5.53) | 19.67 | &nbsp;&nbsp;23.29 | 1.25 | 1.18 | (0.51) | &nbsp;&nbsp;68 | 230 |
| 12-31-2024 | 14.84 | (0.12) | &nbsp;&nbsp;&nbsp;5.71 | &nbsp;&nbsp;&nbsp;5.59 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 20.43 | &nbsp;&nbsp;37.58 | 1.25 | 1.19 | (0.66) | &nbsp;&nbsp;65 | 240 |
| 12-31-2023 | &nbsp;&nbsp;9.62 | (0.06) | &nbsp;&nbsp;&nbsp;5.28 | &nbsp;&nbsp;&nbsp;5.22 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 14.84 | &nbsp;&nbsp;54.37 | 1.25 | 1.20 | (0.47) | &nbsp;&nbsp;61 | 208 |
| 12-31-2022 | 33.48 | (0.17) | (11.99) | (12.16) | &nbsp;&nbsp;&nbsp;&nbsp;— | (11.70) |  | (11.70) | &nbsp;&nbsp;9.62 | (35.76) | 1.29 | 1.24 | (0.86) | &nbsp;&nbsp;43 | 116 |
| 12-31-2021 | 39.08 | (0.31) | &nbsp;&nbsp;&nbsp;3.84 | &nbsp;&nbsp;&nbsp;3.53 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(9.13) |  | &nbsp;&nbsp;(9.13) | 33.48 | &nbsp;&nbsp;&nbsp;8.31 | 1.31 | 1.26 | (0.78) | &nbsp;&nbsp;79 | &nbsp;&nbsp;87 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 25.94 | (0.07) | &nbsp;&nbsp;&nbsp;6.21 | &nbsp;&nbsp;&nbsp;6.14 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(5.53) |  | &nbsp;&nbsp;(5.53) | 26.55 | &nbsp;&nbsp;23.64 | 1.00 | 0.93 | (0.25) | 222 | 230 |
| 12-31-2024 | 18.80 | (0.09) | &nbsp;&nbsp;&nbsp;7.23 | &nbsp;&nbsp;&nbsp;7.14 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 25.94 | &nbsp;&nbsp;37.98 | 1.00 | 0.94 | (0.41) | 198 | 240 |
| 12-31-2023 | 12.15 | (0.04) | &nbsp;&nbsp;&nbsp;6.69 | &nbsp;&nbsp;&nbsp;6.65 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | 18.80 | &nbsp;&nbsp;54.73 | 1.00 | 0.95 | (0.22) | 160 | 208 |
| 12-31-2022 | 37.35 | (0.14) | (13.36) | (13.50) | &nbsp;&nbsp;&nbsp;&nbsp;— | (11.70) |  | (11.70) | 12.15 | (35.64) | 1.04 | 0.99 | (0.60) | 105 | 116 |
| 12-31-2021 | 42.55 | (0.23) | &nbsp;&nbsp;&nbsp;4.16 | &nbsp;&nbsp;&nbsp;3.93 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(9.13) |  | &nbsp;&nbsp;(9.13) | 37.35 | &nbsp;&nbsp;&nbsp;8.58 | 1.06 | 1.01 | (0.53) | 158 | &nbsp;&nbsp;87 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 13.75 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;(0.05) | &nbsp;&nbsp;(0.01) | (0.15) | &nbsp;&nbsp;(1.29) |  | &nbsp;&nbsp;(1.44) | 12.30 | &nbsp;&nbsp;&nbsp;0.06 | 1.02 | 1.01 | &nbsp;&nbsp;0.34 | 105 | 147<sup>3</sup> |
| 12-31-2024 | 13.82 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;0.82 | (0.10) | &nbsp;&nbsp;(0.79) |  | &nbsp;&nbsp;(0.89) | 13.75 | &nbsp;&nbsp;&nbsp;5.93 | 1.05 | 1.04 | &nbsp;&nbsp;0.74 | 123 | &nbsp;&nbsp;53 |
| 12-31-2023 | 13.49 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;1.53 | &nbsp;&nbsp;&nbsp;1.63 | (0.05) | &nbsp;&nbsp;(1.25) |  | &nbsp;&nbsp;(1.30) | 13.82 | &nbsp;&nbsp;14.01 | 1.05 | 1.04 | &nbsp;&nbsp;0.77 | 133 | &nbsp;&nbsp;47 |
| 12-31-2022 | 18.30 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;(2.04) | &nbsp;&nbsp;(1.89) | (0.15) | &nbsp;&nbsp;(2.77) |  | &nbsp;&nbsp;(2.92) | 13.49 | (10.24) | 1.04 | 1.04 | &nbsp;&nbsp;0.93 | 140 | &nbsp;&nbsp;42 |
| 12-31-2021 | 14.70 | &nbsp;&nbsp;0.09 | &nbsp;&nbsp;&nbsp;3.75 | &nbsp;&nbsp;&nbsp;3.84 | (0.09) | &nbsp;&nbsp;(0.15) |  | &nbsp;&nbsp;(0.24) | 18.30 | &nbsp;&nbsp;26.19 | 1.03 | 1.03 | &nbsp;&nbsp;0.53 | 182 | &nbsp;&nbsp;32 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.59 | &nbsp;&nbsp;0.02 | &nbsp;&nbsp;(0.05) | &nbsp;&nbsp;(0.03) | (0.13) | &nbsp;&nbsp;(1.29) |  | &nbsp;&nbsp;(1.42) | 12.14 | &nbsp;&nbsp;(0.12) | 1.22 | 1.21 | &nbsp;&nbsp;0.14 | &nbsp;&nbsp;16 | 147<sup>3</sup> |
| 12-31-2024 | 13.67 | &nbsp;&nbsp;0.07 | &nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;0.79 | (0.08) | &nbsp;&nbsp;(0.79) |  | &nbsp;&nbsp;(0.87) | 13.59 | &nbsp;&nbsp;&nbsp;5.74 | 1.25 | 1.24 | &nbsp;&nbsp;0.54 | &nbsp;&nbsp;18 | &nbsp;&nbsp;53 |
| 12-31-2023 | 13.35 | &nbsp;&nbsp;0.08 | &nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;1.60 | (0.03) | &nbsp;&nbsp;(1.25) |  | &nbsp;&nbsp;(1.28) | 13.67 | &nbsp;&nbsp;13.85 | 1.25 | 1.24 | &nbsp;&nbsp;0.57 | &nbsp;&nbsp;20 | &nbsp;&nbsp;47 |
| 12-31-2022 | 18.15 | &nbsp;&nbsp;0.12 | &nbsp;&nbsp;(2.04) | &nbsp;&nbsp;(1.92) | (0.11) | &nbsp;&nbsp;(2.77) |  | &nbsp;&nbsp;(2.88) | 13.35 | (10.49) | 1.24 | 1.24 | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;21 | &nbsp;&nbsp;42 |
| 12-31-2021 | 14.58 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;&nbsp;3.72 | &nbsp;&nbsp;&nbsp;3.78 | (0.06) | &nbsp;&nbsp;(0.15) |  | &nbsp;&nbsp;(0.21) | 18.15 | &nbsp;&nbsp;25.97 | 1.23 | 1.23 | &nbsp;&nbsp;0.34 | &nbsp;&nbsp;27 | &nbsp;&nbsp;32 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 13.66 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;(0.06) | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | (0.16) | &nbsp;&nbsp;(1.29) |  | &nbsp;&nbsp;(1.45) | 12.21 | &nbsp;&nbsp;&nbsp;0.11 | 0.97 | 0.96 | &nbsp;&nbsp;0.46 | 173 | 147<sup>3</sup> |
| 12-31-2024 | 13.73 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;0.83 | (0.11) | &nbsp;&nbsp;(0.79) |  | &nbsp;&nbsp;(0.90) | 13.66 | &nbsp;&nbsp;&nbsp;6.01 | 1.00 | 0.99 | &nbsp;&nbsp;0.79 | 301 | &nbsp;&nbsp;53 |
| 12-31-2023 | 13.41 | &nbsp;&nbsp;0.11 | &nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;1.63 | (0.06) | &nbsp;&nbsp;(1.25) |  | &nbsp;&nbsp;(1.31) | 13.73 | &nbsp;&nbsp;14.07 | 1.00 | 0.99 | &nbsp;&nbsp;0.83 | 309 | &nbsp;&nbsp;47 |
| 12-31-2022 | 18.22 | &nbsp;&nbsp;0.16 | &nbsp;&nbsp;(2.04) | &nbsp;&nbsp;(1.88) | (0.16) | &nbsp;&nbsp;(2.77) |  | &nbsp;&nbsp;(2.93) | 13.41 | (10.25) | 0.99 | 0.99 | &nbsp;&nbsp;0.98 | 271 | &nbsp;&nbsp;42 |
| 12-31-2021 | 14.63 | &nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;3.74 | &nbsp;&nbsp;&nbsp;3.84 | (0.10) | &nbsp;&nbsp;(0.15) |  | &nbsp;&nbsp;(0.25) | 18.22 | &nbsp;&nbsp;26.30 | 0.98 | 0.98 | &nbsp;&nbsp;0.59 | 344 | &nbsp;&nbsp;32 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** |

---

---

| | |
|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 210 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 14.11 | 0.13 | &nbsp;&nbsp;1.60 | &nbsp;&nbsp;1.73 | (0.19) | (0.87) |  | (1.06) | 14.78 | &nbsp;&nbsp;12.25 | 0.59 | 0.53 | 0.93 | 361 | 12 |
| 12-31-2024 | 13.08 | 0.13 | &nbsp;&nbsp;1.29 | &nbsp;&nbsp;1.42 | (0.07) | (0.32) |  | (0.39) | 14.11 | &nbsp;&nbsp;10.84 | 0.59 | 0.53 | 0.93 | 368 | 13 |
| 12-31-2023 | 11.57 | 0.15 | &nbsp;&nbsp;1.69 | &nbsp;&nbsp;1.84 | (0.15) | (0.18) |  | (0.33) | 13.08 | &nbsp;&nbsp;16.49 | 0.59 | 0.53 | 1.21 | 367 | 11 |
| 12-31-2022 | 17.26 | 0.12 | (3.65) | (3.53) | (0.15) | (2.01) |  | (2.16) | 11.57 | (20.65) | 0.58 | 0.53 | 0.88 | 341 | 13 |
| 12-31-2021 | 16.31 | 0.12 | &nbsp;&nbsp;2.27 | &nbsp;&nbsp;2.39 | (0.10) | (1.34) |  | (1.44) | 17.26 | &nbsp;&nbsp;14.49 | 0.57 | 0.51 | 0.67 | 460 | 20 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 13.97 | 0.10 | &nbsp;&nbsp;1.59 | &nbsp;&nbsp;1.69 | (0.16) | (0.87) |  | (1.03) | 14.63 | &nbsp;&nbsp;12.12 | 0.79 | 0.73 | 0.73 | &nbsp;&nbsp;24 | 12 |
| 12-31-2024 | 12.96 | 0.10 | &nbsp;&nbsp;1.27 | &nbsp;&nbsp;1.37 | (0.04) | (0.32) |  | (0.36) | 13.97 | &nbsp;&nbsp;10.60 | 0.79 | 0.73 | 0.72 | &nbsp;&nbsp;26 | 13 |
| 12-31-2023 | 11.47 | 0.12 | &nbsp;&nbsp;1.68 | &nbsp;&nbsp;1.80 | (0.13) | (0.18) |  | (0.31) | 12.96 | &nbsp;&nbsp;16.22 | 0.79 | 0.73 | 1.01 | &nbsp;&nbsp;27 | 11 |
| 12-31-2022 | 17.13 | 0.09 | (3.62) | (3.53) | (0.12) | (2.01) |  | (2.13) | 11.47 | (20.81) | 0.78 | 0.73 | 0.67 | &nbsp;&nbsp;26 | 13 |
| 12-31-2021 | 16.20 | 0.08 | &nbsp;&nbsp;2.26 | &nbsp;&nbsp;2.34 | (0.07) | (1.34) |  | (1.41) | 17.13 | &nbsp;&nbsp;14.25 | 0.77 | 0.71 | 0.46 | &nbsp;&nbsp;37 | 20 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 14.13 | 0.14 | &nbsp;&nbsp;1.61 | &nbsp;&nbsp;1.75 | (0.19) | (0.87) |  | (1.06) | 14.82 | &nbsp;&nbsp;12.42 | 0.54 | 0.48 | 0.98 | 168 | 12 |
| 12-31-2024 | 13.10 | 0.13 | &nbsp;&nbsp;1.29 | &nbsp;&nbsp;1.42 | (0.07) | (0.32) |  | (0.39) | 14.13 | &nbsp;&nbsp;10.87 | 0.54 | 0.48 | 0.97 | 147 | 13 |
| 12-31-2023 | 11.59 | 0.15 | &nbsp;&nbsp;1.70 | &nbsp;&nbsp;1.85 | (0.16) | (0.18) |  | (0.34) | 13.10 | &nbsp;&nbsp;16.52 | 0.54 | 0.48 | 1.26 | 146 | 11 |
| 12-31-2022 | 17.29 | 0.13 | (3.66) | (3.53) | (0.16) | (2.01) |  | (2.17) | 11.59 | (20.63) | 0.53 | 0.48 | 0.92 | 125 | 13 |
| 12-31-2021 | 16.33 | 0.13 | &nbsp;&nbsp;2.28 | &nbsp;&nbsp;2.41 | (0.11) | (1.34) |  | (1.45) | 17.29 | &nbsp;&nbsp;14.59 | 0.52 | 0.46 | 0.73 | 169 | 20 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 27.84 | 0.29 | &nbsp;&nbsp;2.19 | &nbsp;&nbsp;2.48 | (0.29) | (2.35) |  | (2.64) | 27.68 | &nbsp;&nbsp;&nbsp;9.18 | 0.94 | 0.93 | 1.07 | &nbsp;&nbsp;83 | 55 |
| 12-31-2024 | 27.34 | 0.29 | &nbsp;&nbsp;2.04 | &nbsp;&nbsp;2.33 | (0.16) | (1.67) |  | (1.83) | 27.84 | &nbsp;&nbsp;&nbsp;8.58 | 1.15 | 0.88 | 1.03 | &nbsp;&nbsp;84 | 24 |
| 12-31-2023 | 25.71 | 0.16 | &nbsp;&nbsp;3.99 | &nbsp;&nbsp;4.15 | (0.11) | (2.41) |  | (2.52) | 27.34 | &nbsp;&nbsp;18.05 | 1.15 | 0.89 | 0.61 | &nbsp;&nbsp;85 | 18 |
| 12-31-2022 | 33.56 | 0.11 | (3.55) | (3.44) | (0.16) | (4.25) |  | (4.41) | 25.71 | (10.07) | 1.15 | 0.89 | 0.38 | &nbsp;&nbsp;78 | 27 |
| 12-31-2021 | 26.24 | 0.19 | &nbsp;&nbsp;7.96 | &nbsp;&nbsp;8.15 | (0.15) | (0.68) |  | (0.83) | 33.56 | &nbsp;&nbsp;31.10 | 1.14 | 0.91 | 0.61 | &nbsp;&nbsp;95 | 28 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 26.89 | 0.23 | &nbsp;&nbsp;2.10 | &nbsp;&nbsp;2.33 | (0.24) | (2.35) |  | (2.59) | 26.63 | &nbsp;&nbsp;&nbsp;8.94 | 1.14 | 1.13 | 0.86 | &nbsp;&nbsp;26 | 55 |
| 12-31-2024 | 26.47 | 0.22 | &nbsp;&nbsp;1.98 | &nbsp;&nbsp;2.20 | (0.11) | (1.67) |  | (1.78) | 26.89 | &nbsp;&nbsp;&nbsp;8.37 | 1.35 | 1.08 | 0.83 | &nbsp;&nbsp;28 | 24 |
| 12-31-2023 | 24.97 | 0.10 | &nbsp;&nbsp;3.87 | &nbsp;&nbsp;3.97 | (0.06) | (2.41) |  | (2.47) | 26.47 | &nbsp;&nbsp;17.83 | 1.35 | 1.09 | 0.40 | &nbsp;&nbsp;29 | 18 |
| 12-31-2022 | 32.73 | 0.05 | (3.47) | (3.42) | (0.09) | (4.25) |  | (4.34) | 24.97 | (10.24) | 1.35 | 1.09 | 0.18 | &nbsp;&nbsp;28 | 27 |
| 12-31-2021 | 25.61 | 0.12 | &nbsp;&nbsp;7.78 | &nbsp;&nbsp;7.90 | (0.10) | (0.68) |  | (0.78) | 32.73 | &nbsp;&nbsp;30.85 | 1.34 | 1.11 | 0.39 | &nbsp;&nbsp;35 | 28 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 27.54 | 0.31 | &nbsp;&nbsp;2.15 | &nbsp;&nbsp;2.46 | (0.30) | (2.35) |  | (2.65) | 27.35 | &nbsp;&nbsp;&nbsp;9.22 | 0.89 | 0.88 | 1.13 | &nbsp;&nbsp;72 | 55 |
| 12-31-2024 | 27.06 | 0.30 | &nbsp;&nbsp;2.02 | &nbsp;&nbsp;2.32 | (0.17) | (1.67) |  | (1.84) | 27.54 | &nbsp;&nbsp;&nbsp;8.64 | 1.10 | 0.83 | 1.07 | &nbsp;&nbsp;58 | 24 |
| 12-31-2023 | 25.47 | 0.17 | &nbsp;&nbsp;3.95 | &nbsp;&nbsp;4.12 | (0.12) | (2.41) |  | (2.53) | 27.06 | &nbsp;&nbsp;18.12 | 1.10 | 0.84 | 0.66 | &nbsp;&nbsp;59 | 18 |
| 12-31-2022 | 33.30 | 0.14 | (3.55) | (3.41) | (0.17) | (4.25) |  | (4.42) | 25.47 | (10.03) | 1.10 | 0.84 | 0.48 | &nbsp;&nbsp;46 | 27 |
| 12-31-2021 | 26.04 | 0.21 | &nbsp;&nbsp;7.90 | &nbsp;&nbsp;8.11 | (0.17) | (0.68) |  | (0.85) | 33.30 | &nbsp;&nbsp;31.16 | 1.09 | 0.86 | 0.67 | &nbsp;&nbsp;38 | 28 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 211 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

------

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | &nbsp;&nbsp;6.52 | (0.04) | &nbsp;&nbsp;0.87 | &nbsp;&nbsp;0.83 | (0.01) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.01) | &nbsp;&nbsp;7.34 | &nbsp;&nbsp;12.66 | 1.14 | 1.13 | (0.66) | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;71 |
| 12-31-2024 | &nbsp;&nbsp;5.84 | (0.03) | &nbsp;&nbsp;0.71 | &nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;6.52 | &nbsp;&nbsp;11.64 | 1.13 | 1.12 | (0.49) | &nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;47 |
| 12-31-2023 | &nbsp;&nbsp;5.03 | (0.02) | &nbsp;&nbsp;0.83 | &nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;5.84 | &nbsp;&nbsp;16.10 | 1.14 | 1.13 | (0.45) | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;41 |
| 12-31-2022 | 10.26 | (0.03) | (3.11) | (3.14) | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.09) |  | (2.09) | &nbsp;&nbsp;5.03 | (31.12) | 1.13 | 1.12 | (0.43) | &nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;86 |
| 12-31-2021 | 11.92 | (0.11) | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;0.18 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.84) |  | (1.84) | 10.26 | &nbsp;&nbsp;&nbsp;1.20 | 1.11 | 1.10 | (0.88) | &nbsp;&nbsp;&nbsp;114 | 107 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;5.52 | (0.05) | &nbsp;&nbsp;0.74 | &nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;6.21 | &nbsp;&nbsp;12.50 | 1.34 | 1.33 | (0.86) | &nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;71 |
| 12-31-2024 | &nbsp;&nbsp;4.96 | (0.04) | &nbsp;&nbsp;0.60 | &nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;5.52 | &nbsp;&nbsp;11.29 | 1.33 | 1.32 | (0.69) | &nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;47 |
| 12-31-2023 | &nbsp;&nbsp;4.28 | (0.03) | &nbsp;&nbsp;0.71 | &nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;4.96 | &nbsp;&nbsp;15.89 | 1.34 | 1.33 | (0.65) | &nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;41 |
| 12-31-2022 | &nbsp;&nbsp;9.19 | (0.04) | (2.78) | (2.82) | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.09) |  | (2.09) | &nbsp;&nbsp;4.28 | (31.25) | 1.33 | 1.32 | (0.63) | &nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;86 |
| 12-31-2021 | 10.88 | (0.12) | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.84) |  | (1.84) | &nbsp;&nbsp;9.19 | &nbsp;&nbsp;&nbsp;1.06 | 1.31 | 1.30 | (1.08) | &nbsp;&nbsp;&nbsp;&nbsp;35 | 107 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | &nbsp;&nbsp;6.76 | (0.04) | &nbsp;&nbsp;0.90 | &nbsp;&nbsp;0.86 | (0.01) | &nbsp;&nbsp;&nbsp;&nbsp;— |  | (0.01) | &nbsp;&nbsp;7.61 | &nbsp;&nbsp;12.70 | 1.09 | 1.08 | (0.61) | &nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;71 |
| 12-31-2024 | &nbsp;&nbsp;6.06 | (0.03) | &nbsp;&nbsp;0.73 | &nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;6.76 | &nbsp;&nbsp;11.55 | 1.08 | 1.07 | (0.44) | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;47 |
| 12-31-2023 | &nbsp;&nbsp;5.21 | (0.02) | &nbsp;&nbsp;0.87 | &nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |  | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;6.06 | &nbsp;&nbsp;16.31 | 1.09 | 1.08 | (0.40) | &nbsp;&nbsp;&nbsp;184 | &nbsp;&nbsp;41 |
| 12-31-2022 | 10.52 | (0.03) | (3.19) | (3.22) | &nbsp;&nbsp;&nbsp;&nbsp;— | (2.09) |  | (2.09) | &nbsp;&nbsp;5.21 | (31.13) | 1.08 | 1.07 | (0.38) | &nbsp;&nbsp;&nbsp;162 | &nbsp;&nbsp;86 |
| 12-31-2021 | 12.17 | (0.10) | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.84) |  | (1.84) | 10.52 | &nbsp;&nbsp;&nbsp;1.27 | 1.06 | 1.05 | (0.83) | &nbsp;&nbsp;&nbsp;258 | 107 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | &nbsp;&nbsp;9.66 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;0.63 | &nbsp;&nbsp;0.67 | (0.05) | (0.92) |  | (0.97) | &nbsp;&nbsp;9.36 | &nbsp;&nbsp;&nbsp;7.12 | 1.22 | 1.14 | &nbsp;&nbsp;0.42 | &nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;40 |
| 12-31-2024 | &nbsp;&nbsp;9.16 | &nbsp;&nbsp;0.05 | &nbsp;&nbsp;0.88 | &nbsp;&nbsp;0.93 | (0.05) | (0.38) |  | (0.43) | &nbsp;&nbsp;9.66 | &nbsp;&nbsp;10.20 | 1.20 | 1.12 | &nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;32 |
| 12-31-2023 | &nbsp;&nbsp;8.79 | &nbsp;&nbsp;0.05 | &nbsp;&nbsp;1.00 | &nbsp;&nbsp;1.05 | (0.02) | (0.66) |  | (0.68) | &nbsp;&nbsp;9.16 | &nbsp;&nbsp;13.49 | 1.21 | 1.14 | &nbsp;&nbsp;0.57 | &nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;28 |
| 12-31-2022 | 12.59 | &nbsp;&nbsp;0.03 | (2.37) | (2.34) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.46) |  | (1.46) | &nbsp;&nbsp;8.79 | (18.73) | 1.20 | 1.13 | &nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;26 |
| 12-31-2021 | 10.55 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3</sup> | &nbsp;&nbsp;2.39 | &nbsp;&nbsp;2.39 | (0.04) | (0.31) |  | (0.35) | 12.59 | &nbsp;&nbsp;22.70 | 1.18 | 1.11 | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;23 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;9.01 | &nbsp;&nbsp;0.02 | &nbsp;&nbsp;0.59 | &nbsp;&nbsp;0.61 | (0.03) | (0.92) |  | (0.95) | &nbsp;&nbsp;8.67 | &nbsp;&nbsp;&nbsp;7.00 | 1.42 | 1.34 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;40 |
| 12-31-2024 | &nbsp;&nbsp;8.58 | &nbsp;&nbsp;0.03 | &nbsp;&nbsp;0.82 | &nbsp;&nbsp;0.85 | (0.04) | (0.38) |  | (0.42) | &nbsp;&nbsp;9.01 | &nbsp;&nbsp;&nbsp;9.88 | 1.40 | 1.32 | &nbsp;&nbsp;0.31 | &nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;32 |
| 12-31-2023 | &nbsp;&nbsp;8.27 | &nbsp;&nbsp;0.03 | &nbsp;&nbsp;0.95 | &nbsp;&nbsp;0.98 | (0.01) | (0.66) |  | (0.67) | &nbsp;&nbsp;8.58 | &nbsp;&nbsp;13.38 | 1.41 | 1.34 | &nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;28 |
| 12-31-2022 | 11.98 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3</sup> | (2.25) | (2.25) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.46) |  | (1.46) | &nbsp;&nbsp;8.27 | (18.95) | 1.40 | 1.33 | &nbsp;&nbsp;0.05 | &nbsp;&nbsp;&nbsp;&nbsp;32 | &nbsp;&nbsp;26 |
| 12-31-2021 | 10.05 | (0.03) | &nbsp;&nbsp;2.29 | &nbsp;&nbsp;2.26 | (0.02) | (0.31) |  | (0.33) | 11.98 | &nbsp;&nbsp;22.51 | 1.38 | 1.31 | (0.22) | &nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;23 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | &nbsp;&nbsp;9.59 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;0.62 | &nbsp;&nbsp;0.66 | (0.05) | (0.92) |  | (0.97) | &nbsp;&nbsp;9.28 | &nbsp;&nbsp;&nbsp;7.11 | 1.17 | 1.09 | &nbsp;&nbsp;0.48 | &nbsp;&nbsp;&nbsp;&nbsp;62 | &nbsp;&nbsp;40 |
| 12-31-2024 | &nbsp;&nbsp;9.09 | &nbsp;&nbsp;0.05 | &nbsp;&nbsp;0.89 | &nbsp;&nbsp;0.94 | (0.06) | (0.38) |  | (0.44) | &nbsp;&nbsp;9.59 | &nbsp;&nbsp;10.32 | 1.15 | 1.07 | &nbsp;&nbsp;0.56 | &nbsp;&nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;32 |
| 12-31-2023 | &nbsp;&nbsp;8.73 | &nbsp;&nbsp;0.06 | &nbsp;&nbsp;0.99 | &nbsp;&nbsp;1.05 | (0.03) | (0.66) |  | (0.69) | &nbsp;&nbsp;9.09 | &nbsp;&nbsp;13.52 | 1.16 | 1.09 | &nbsp;&nbsp;0.62 | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;28 |
| 12-31-2022 | 12.51 | &nbsp;&nbsp;0.03 | (2.35) | (2.32) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.46) |  | (1.46) | &nbsp;&nbsp;8.73 | (18.70) | 1.15 | 1.08 | &nbsp;&nbsp;0.30 | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;26 |
| 12-31-2021 | 10.48 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>3</sup> | &nbsp;&nbsp;2.39 | &nbsp;&nbsp;2.39 | (0.05) | (0.31) |  | (0.36) | 12.51 | &nbsp;&nbsp;22.81 | 1.13 | 1.06 | &nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;68 | &nbsp;&nbsp;23 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Less than $0.005 per share.** |
| **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 17.74 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;3.36 | &nbsp;&nbsp;3.62 | (0.31) | (2.30) |  | (2.61) | 18.75 | &nbsp;&nbsp;20.70 | 0.68 | 0.54 | &nbsp;&nbsp;1.36 | 6943 | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| 12-31-2024 | 17.09 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;2.42 | &nbsp;&nbsp;2.69 | (0.28) | (1.76) |  | (2.04) | 17.74 | &nbsp;&nbsp;15.65 | 0.68 | 0.53 | &nbsp;&nbsp;1.46 | 6983 | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| 12-31-2023 | 15.20 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;2.88 | &nbsp;&nbsp;3.15 | (0.27) | (0.99) |  | (1.26) | 17.09 | &nbsp;&nbsp;21.86 | 0.68 | 0.54 | &nbsp;&nbsp;1.65 | 7219 | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| 12-31-2022 | 22.63 | &nbsp;&nbsp;0.30 | (4.26) | (3.96) | (0.30) | (3.17) |  | (3.47) | 15.20 | (16.98) | 0.67 | 0.53 | &nbsp;&nbsp;1.58 | 6905 | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| 12-31-2021 | 20.98 | &nbsp;&nbsp;0.29 | &nbsp;&nbsp;4.08 | &nbsp;&nbsp;4.37 | (0.42) | (2.30) |  | (2.72) | 22.63 | &nbsp;&nbsp;21.15 | 0.66 | 0.53 | &nbsp;&nbsp;1.27 | 9291 | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 212 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Financial highlights

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period | Per share operating performance for a share outstanding throughout each period |  | Ratios and supplemental data | Ratios and supplemental data | Ratios and supplemental data |
|  |  | **Income (loss) from investment operations** | **Income (loss) from investment operations** |  |  | **Less distributions** | **Less distributions** | **Less distributions** | **Less distributions** |  |  |  | **Ratios to average net assets** | **Ratios to average net assets** | **Ratios to average net assets** |
| Period ended | Net asset<br> value,<br> beginning<br> of period<br> ($) | Net<br> investment<br> income<br> (loss)<br> ($)<sup>1</sup> | Net<br> realized<br> and<br> unrealized<br> gain<br> (loss)<br> on investments<br> ($) | Total<br> from<br> investment<br> operations<br> ($) | From net<br> investment<br> income<br> ($) | From net<br> realized<br> gain<br> ($) | From tax<br> return<br> of capital<br> ($) | Total<br> distributions<br> ($) | Net asset<br> value, end<br> of period<br> ($) | Total<br> return<br> (%)<sup>2</sup> | Expenses<br> before<br> reductions<br> (%) | Expenses<br> including<br> reductions<br> (%) | Net<br> investment<br> income<br> (loss)<br> (%) | Net<br> assets,<br> end of<br> period (in<br> millions) | Portfolio<br> turnover<br> (%) |
| **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | 28.71 | &nbsp;&nbsp;0.25 | &nbsp;&nbsp;4.51 | &nbsp;&nbsp;4.76 | (0.27) | (0.61) |  | (0.88) | 32.59 | &nbsp;&nbsp;16.63 | 0.57 | 0.49 | &nbsp;&nbsp;0.84 | 570 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| 12-31-2024 | 24.29 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;5.41 | &nbsp;&nbsp;5.68 | (0.14) | (1.12) |  | (1.26) | 28.71 | &nbsp;&nbsp;23.48 | 0.57 | 0.49 | &nbsp;&nbsp;0.99 | 568 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| 12-31-2023 | 20.82 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;4.82 | &nbsp;&nbsp;5.09 | (0.25) | (1.37) |  | (1.62) | 24.29 | &nbsp;&nbsp;25.53 | 0.58 | 0.50 | &nbsp;&nbsp;1.18 | 507 | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| 12-31-2022 | 30.88 | &nbsp;&nbsp;0.27 | (6.54) | (6.27) | (0.28) | (3.51) |  | (3.79) | 20.82 | (20.41) | 0.57 | 0.49 | &nbsp;&nbsp;1.06 | 442 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| 12-31-2021 | 26.26 | &nbsp;&nbsp;0.26 | &nbsp;&nbsp;6.12 | &nbsp;&nbsp;6.38 | (0.33) | (1.43) |  | (1.76) | 30.88 | &nbsp;&nbsp;24.45 | 0.56 | 0.48 | &nbsp;&nbsp;0.87 | 629 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | 28.50 | &nbsp;&nbsp;0.19 | &nbsp;&nbsp;4.48 | &nbsp;&nbsp;4.67 | (0.22) | (0.61) |  | (0.83) | 32.34 | &nbsp;&nbsp;16.43 | 0.77 | 0.69 | &nbsp;&nbsp;0.64 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| 12-31-2024 | 24.13 | &nbsp;&nbsp;0.21 | &nbsp;&nbsp;5.38 | &nbsp;&nbsp;5.59 | (0.10) | (1.12) |  | (1.22) | 28.50 | &nbsp;&nbsp;23.23 | 0.77 | 0.69 | &nbsp;&nbsp;0.79 | &nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| 12-31-2023 | 20.70 | &nbsp;&nbsp;0.22 | &nbsp;&nbsp;4.79 | &nbsp;&nbsp;5.01 | (0.21) | (1.37) |  | (1.58) | 24.13 | &nbsp;&nbsp;25.25 | 0.78 | 0.70 | &nbsp;&nbsp;0.98 | &nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| 12-31-2022 | 30.71 | &nbsp;&nbsp;0.22 | (6.50) | (6.28) | (0.22) | (3.51) |  | (3.73) | 20.70 | (20.54) | 0.77 | 0.69 | &nbsp;&nbsp;0.86 | &nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| 12-31-2021 | 26.13 | &nbsp;&nbsp;0.20 | &nbsp;&nbsp;6.08 | &nbsp;&nbsp;6.28 | (0.27) | (1.43) |  | (1.70) | 30.71 | &nbsp;&nbsp;24.19 | 0.76 | 0.68 | &nbsp;&nbsp;0.67 | &nbsp;&nbsp;53 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | 28.71 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;4.51 | &nbsp;&nbsp;4.78 | (0.29) | (0.61) |  | (0.90) | 32.59 | &nbsp;&nbsp;16.68 | 0.52 | 0.44 | &nbsp;&nbsp;0.89 | 515 | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| 12-31-2024 | 24.29 | &nbsp;&nbsp;0.28 | &nbsp;&nbsp;5.41 | &nbsp;&nbsp;5.69 | (0.15) | (1.12) |  | (1.27) | 28.71 | &nbsp;&nbsp;23.53 | 0.52 | 0.44 | &nbsp;&nbsp;1.04 | 412 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| 12-31-2023 | 20.82 | &nbsp;&nbsp;0.28 | &nbsp;&nbsp;4.83 | &nbsp;&nbsp;5.11 | (0.27) | (1.37) |  | (1.64) | 24.29 | &nbsp;&nbsp;25.58 | 0.53 | 0.45 | &nbsp;&nbsp;1.23 | 253 | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| 12-31-2022 | 30.87 | &nbsp;&nbsp;0.28 | (6.53) | (6.25) | (0.29) | (3.51) |  | (3.80) | 20.82 | (20.34) | 0.52 | 0.44 | &nbsp;&nbsp;1.11 | 195 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| 12-31-2021 | 26.25 | &nbsp;&nbsp;0.27 | &nbsp;&nbsp;6.12 | &nbsp;&nbsp;6.39 | (0.34) | (1.43) |  | (1.77) | 30.87 | &nbsp;&nbsp;24.51 | 0.51 | 0.43 | &nbsp;&nbsp;0.92 | 260 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods.** |
| **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** |
| **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** | **Series I** |
| 12-31-2025 | &nbsp;&nbsp;6.13 | (0.01) | &nbsp;&nbsp;1.25 | &nbsp;&nbsp;1.24 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.71) |  | (0.71) | &nbsp;&nbsp;6.66 | &nbsp;&nbsp;20.60 | 0.75 | 0.74 | (0.11) | 245 | 127<sup>3</sup> |
| 12-31-2024 | &nbsp;&nbsp;4.94 | (0.02) | &nbsp;&nbsp;1.53 | &nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.32) |  | (0.32) | &nbsp;&nbsp;6.13 | &nbsp;&nbsp;30.81 | 0.80 | 0.79 | (0.31) | 232 | &nbsp;&nbsp;30 |
| 12-31-2023 | &nbsp;&nbsp;3.28 | (0.01) | &nbsp;&nbsp;1.73 | &nbsp;&nbsp;1.72 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.06) |  | (0.06) | &nbsp;&nbsp;4.94 | &nbsp;&nbsp;52.85 | 0.82 | 0.81 | (0.17) | 204 | &nbsp;&nbsp;34 |
| 12-31-2022 | &nbsp;&nbsp;7.48 | (0.01) | (2.70) | (2.71) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.49) |  | (1.49) | &nbsp;&nbsp;3.28 | (37.70) | 0.81 | 0.81 | (0.22) | 151 | &nbsp;&nbsp;31 |
| 12-31-2021 | &nbsp;&nbsp;7.60 | (0.04) | &nbsp;&nbsp;1.26 | &nbsp;&nbsp;1.22 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.34) |  | (1.34) | &nbsp;&nbsp;7.48 | &nbsp;&nbsp;15.75 | 0.79 | 0.78 | (0.50) | 272 | &nbsp;&nbsp;40 |
| **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** | **Series II** |
| 12-31-2025 | &nbsp;&nbsp;4.59 | (0.01) | &nbsp;&nbsp;0.93 | &nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.71) |  | (0.71) | &nbsp;&nbsp;4.80 | &nbsp;&nbsp;20.55 | 0.95 | 0.94 | (0.31) | &nbsp;&nbsp;69 | 127<sup>3</sup> |
| 12-31-2024 | &nbsp;&nbsp;3.77 | (0.02) | &nbsp;&nbsp;1.16 | &nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.32) |  | (0.32) | &nbsp;&nbsp;4.59 | &nbsp;&nbsp;30.54 | 1.00 | 0.99 | (0.51) | &nbsp;&nbsp;66 | &nbsp;&nbsp;30 |
| 12-31-2023 | &nbsp;&nbsp;2.52 | (0.01) | &nbsp;&nbsp;1.32 | &nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.06) |  | (0.06) | &nbsp;&nbsp;3.77 | &nbsp;&nbsp;52.51 | 1.02 | 1.01 | (0.37) | &nbsp;&nbsp;61 | &nbsp;&nbsp;34 |
| 12-31-2022 | &nbsp;&nbsp;6.28 | (0.02) | (2.25) | (2.27) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.49) |  | (1.49) | &nbsp;&nbsp;2.52 | (37.88) | 1.01 | 1.01 | (0.42) | &nbsp;&nbsp;46 | &nbsp;&nbsp;31 |
| 12-31-2021 | &nbsp;&nbsp;6.57 | (0.05) | &nbsp;&nbsp;1.10 | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.34) |  | (1.34) | &nbsp;&nbsp;6.28 | &nbsp;&nbsp;15.64 | 0.99 | 0.98 | (0.70) | &nbsp;&nbsp;88 | &nbsp;&nbsp;40 |
| **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** | **Series NAV** |
| 12-31-2025 | &nbsp;&nbsp;6.23 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | &nbsp;&nbsp;1.27 | &nbsp;&nbsp;1.27 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.71) |  | (0.71) | &nbsp;&nbsp;6.79 | &nbsp;&nbsp;20.76 | 0.70 | 0.69 | (0.06) | 431 | 127<sup>3</sup> |
| 12-31-2024 | &nbsp;&nbsp;5.02 | (0.02) | &nbsp;&nbsp;1.55 | &nbsp;&nbsp;1.53 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.32) |  | (0.32) | &nbsp;&nbsp;6.23 | &nbsp;&nbsp;30.71 | 0.75 | 0.74 | (0.26) | 389 | &nbsp;&nbsp;30 |
| 12-31-2023 | &nbsp;&nbsp;3.33 | &nbsp;&nbsp;&nbsp;&nbsp;—<sup>4</sup> | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;— | (0.06) |  | (0.06) | &nbsp;&nbsp;5.02 | &nbsp;&nbsp;52.95 | 0.77 | 0.76 | (0.12) | 317 | &nbsp;&nbsp;34 |
| 12-31-2022 | &nbsp;&nbsp;7.55 | (0.01) | (2.72) | (2.73) | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.49) |  | (1.49) | &nbsp;&nbsp;3.33 | (37.59) | 0.76 | 0.76 | (0.18) | 217 | &nbsp;&nbsp;31 |
| 12-31-2021 | &nbsp;&nbsp;7.66 | (0.04) | &nbsp;&nbsp;1.27 | &nbsp;&nbsp;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;— | (1.34) |  | (1.34) | &nbsp;&nbsp;7.55 | &nbsp;&nbsp;15.76 | 0.74 | 0.73 | (0.45) | 436 | &nbsp;&nbsp;40 |
| **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** | **1 Based on average daily shares outstanding. 2 Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3 Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees. 4 Less than $0.005 per share.** |

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|:---|:---|
| **The accompanying notes are an integral part of the financial statements.** | 213 |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Notes to financial statements

------

1. Organization

John Hancock Variable Insurance Trust (the Trust) is a no-load, open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, thirty-five of which are presented in this report (the portfolios).

American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust and American International Trust (collectively, the JHVIT Feeder Funds), Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio and Lifestyle Moderate Portfolio (collectively, the Lifestyle Portfolios) operate as "funds of funds," investing in shares of mutual funds (underlying funds). The accounting policies of the underlying funds in which the Lifestyle Portfolios invest are outlined in the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at www.sec.gov. John Hancock underlying funds' shareholder reports and financial statements are also available without charge by calling 800-344-1029 or visiting jhannuities.com. The American Funds Insurance Series' accounting policies are outlined in their financial statements, available at the SEC website at www.sec.gov. Capital Research and Management Company serves as investment advisor for the American Funds Insurance Series' master funds. The underlying funds are not covered by this report.

The portfolios may offer multiple classes of shares: Series I, Series II, Series III and Series NAV. The shares currently offered by each portfolio are shown on the Statements of assets and liabilities. Shares of the portfolios are presently offered only to certain affiliates of John Hancock Variable Trust Advisers LLC (the Advisor) and Manulife Financial Corporation (MFC) except in the case of the Disciplined Value Emerging Markets Equity Trust, Financial Industries Trust, Fundamental All Cap Core Trust, International Equity Index Trust and International Small Company Trust. Series NAV of Disciplined Value Emerging Markets Equity Trust and International Equity Index Trust and Series II of Disciplined Value Emerging Markets Equity Trust, Financial Industries Trust, Fundamental All Cap Core Trust and International Small Company Trust are also offered to variable insurance products of external insurance companies. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, for each class may differ.

Prior to April 26, 2025, Small Cap Core Trust was known as Small Cap Value Trust.

Prior to May 29, 2025, U.S. Growth Trust was known as Capital Appreciation Trust.

At a meeting held on December 9-11, 2025, the Board of Trustees of the Trust, of which American International Trust is a series, voted to recommend that the shareholders of the fund approve a reorganization, that is expected to be tax-free, of the fund into Disciplined Value International Trust, also a series of the Trust. Shareholders of record as of February 6, 2026, are entitled to vote on the reorganization. A shareholder meeting is scheduled to be held on or about April 7, 2026. If approved by the fund's shareholders, the reorganization is expected to occur as of the close of business on or about April 24, 2026.

2. Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.

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

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

In order to value the securities, the portfolios use 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. Investments in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. 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. Exchange-traded options are valued at the mid-price of the last quoted bid and ask prices from the exchange where the option trades. Unlisted options are generally valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are typically valued based on the settlement price. Swaps are valued using evaluated prices obtained from 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, 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.

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

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

The following is a summary of the values by input classification of the portfolios' investments as of December 31, 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** |
| **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11990744488** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11990744488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**242620997** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242620997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$12233365485** | **$12233365485** | **—** | **—** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(908157)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(908157) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** | **American Asset Allocation Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1221811478** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1221811478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;**$1221811478** | &nbsp;&nbsp;&nbsp;**$1221811478** | **—** | **—** |
| **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** | **American Global Growth Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$206849099** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$206849099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$206849099** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$206849099** | **—** | **—** |
| **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** | **American Growth Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1098571337** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1098571337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;**$1098571337** | &nbsp;&nbsp;&nbsp;**$1098571337** | **—** | **—** |
| **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** | **American Growth-Income Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1002564328** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1002564328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;**$1002564328** | &nbsp;&nbsp;&nbsp;**$1002564328** | **—** | **—** |
| **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$388235761** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$388235761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$388235761** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$388235761** | **—** | **—** |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$327051463** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$327051463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**366063781** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366063781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14523469** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14523469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**176592335** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172960817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3631518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**152549886** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152549886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**70258150** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70258150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1051139846** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051139846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13856148** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13856148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11750820** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11750820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Corporate bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3539131** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3539131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5226950** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5226950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$2192551979** | **$2185381330** | &nbsp;&nbsp;&nbsp;&nbsp;**$7170649** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$314247393** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$314247393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**252374** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government and Agency obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**79979375** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$79979375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**36394740** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36394740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47516059** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47516059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**522982** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14629830** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13982830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$493542753** | &nbsp;&nbsp;&nbsp;&nbsp;**$328482597** | **$165060156** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1268860)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1268860) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$17905124** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1878187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16026937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1019616** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47879192** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4767663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43104404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colombia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3710562** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3710562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greece | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1242419** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11821554** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11821554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hungary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5634737** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5634737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26004924** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1349788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24649946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**234482** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**822551** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9925320** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8609721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1315599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15997922** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15997922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10453114** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10453114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philippines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1974894** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1973855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7920317** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7920317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11484892** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11484892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11654848** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11654848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Disciplined Value Emerging Markets Equity Trust (continued)** | **Disciplined Value Emerging Markets Equity Trust (continued)** | **Disciplined Value Emerging Markets Equity Trust (continued)** | **Disciplined Value Emerging Markets Equity Trust (continued)** | **Disciplined Value Emerging Markets Equity Trust (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$18427269** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3056571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15306981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$63717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1418740** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1418740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24672870** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1687197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22985673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thailand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**533877** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkey | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7371977** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6583478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9630787** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8257066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12375478** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12375478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15600** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9523421** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9523421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$269656487** | **$72518067** | **$197058277** | **$80143** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(13515)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(13515) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$7385661** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7385661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1932150** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bermuda | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10739380** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4454647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6284733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4165907** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2613909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17919296** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17919296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5026041** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5026041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11792407** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11792407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3569248** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3569248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34295060** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34295060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8422050** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8422050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8481019** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8481019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6727672** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6727672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5018760** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2160036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2858724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9997021** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9997021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**58703046** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58703046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2131391** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2131391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7231515** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7231515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13943895** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13943895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3127476** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**33231255** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1988246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31243009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10392367** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10392367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9551094** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9551094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**60217217** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7528507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52688710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12428798** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12428798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$346429726** | **$65184017** | **$281245709** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$57831673** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$57831673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**35414141** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35414141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**59263565** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59263565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72558374** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60621339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11937035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Equity Income Trust (continued)** | **Equity Income Trust (continued)** | **Equity Income Trust (continued)** | **Equity Income Trust (continued)** | **Equity Income Trust (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$197968027** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$197968027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**116385840** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112931197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3454643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**118750947** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107235887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11515060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**88388098** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75127074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13261024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25356746** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25356746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29967534** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29967534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**50574204** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50574204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**825592** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4086556** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4086556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2189804** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2189804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21882549** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21882549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$881443650** | &nbsp;&nbsp;&nbsp;&nbsp;**$840450296** | **$40993354** | **—** |
| **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** |
| **Investments in securities:** | **Investments in securities:** | **Investments in securities:** |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financials** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$72344146** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$61881692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10462454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital markets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**28883059** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27110722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9253916** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9253916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7400274** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7400274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20488263** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16110074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4378189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3646260** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3646260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$142015918** | &nbsp;&nbsp;&nbsp;&nbsp;**$125402938** | **$16612980** | **—** |
| **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$306279164** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$306279164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**454298184** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454298184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**62658495** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62658495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78433644** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78433644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**219190161** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219190161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**465882118** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465882118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**122696948** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122696948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**718630907** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691257634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27373273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**106881568** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106881568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34359483** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34359483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$2569310672** | **$2541937399** | **$27373273** | **—** |
| **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$69818153** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$69818153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72548436** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65857935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6690501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**62074126** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45228125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16846001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**56804122** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56804122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**134778156** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134778156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**167922255** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167922255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**97150261** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88948582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8201679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Fundamental Large Cap Value Trust (continued)** | **Fundamental Large Cap Value Trust (continued)** | **Fundamental Large Cap Value Trust (continued)** | **Fundamental Large Cap Value Trust (continued)** | **Fundamental Large Cap Value Trust (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$112478179** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$94676986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17801193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8105111** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8105111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24384773** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24384773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Escrow certificates** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31531614** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31531614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$837595186** | **$788055812** | &nbsp;&nbsp;&nbsp;**$49539374** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** | **Global Equity Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$5742651** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5742651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5158017** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5158017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20719563** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20719563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16224418** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16224418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5075657** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5075657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26122249** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26122249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21728620** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21728620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10770314** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10770314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11090344** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6297333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4793011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6144657** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6144657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15844261** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15844261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**147120960** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147120960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6092742** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6092742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Escrow certificates** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3069958** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3069958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$300904411** | **$182610500** | **$118293911** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** | **Health Sciences Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$243833356** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$238559634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5273722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**636401** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Convertible bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**250339** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4553** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**784591** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;784591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$245509240** | **$239348686** | &nbsp;&nbsp;&nbsp;&nbsp;**$6160554** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$46033469** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$46033469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1998263** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1998263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6250535** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6250535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11651440** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2416200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9235240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**97920060** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96973540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2463377** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1913987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**89982537** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2540121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87392999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$49417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colombia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**244708** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Czech Republic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$513867** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$513867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13832322** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13832322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Egypt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**282444** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8451072** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8451072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**75042408** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75042408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**67587273** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67587273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greece | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2035955** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19491293** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$361262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19130031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hungary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1142712** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1142712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**55159430** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3808949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51338170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4179679** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4172143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8961887** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3760079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5201808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7802547** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5790538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22845536** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22845536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**160252409** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160252409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1672511** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1672511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**207848** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Malaysia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4373620** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4373620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7391814** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7040041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**38571272** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37951855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Zealand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1697307** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1697307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4108881** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4108881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**858970** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philippines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1376118** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1376118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Poland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4053886** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4053886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portugal | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1327275** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10304270** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10304270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13756257** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2146128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11610129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11741320** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11741320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46089240** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45989567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**27247783** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27247783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26623633** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3193905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23429728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**72903588** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72903588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**74177073** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74177073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thailand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3626718** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3626718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turkey | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1519259** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1519259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**104081731** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103963821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3569502** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brazil | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3900053** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3883440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**34519** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2326287** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3642** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Korea | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2081784** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2081784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6604** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3509** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19192477** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19192477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$1192953974** | **$148851751** | **$1044036853** | **$65370** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$118434** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$118434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(63593)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63593) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

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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** |
| **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** | **International Equity Index Trust (continued)** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$7128936** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$64198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7023192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1802943** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1802943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1707609** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1704049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bermuda | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**278170** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambodia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31754** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15061335** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14986497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2967050** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2967050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecuador | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24256** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3210497** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3210497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5997554** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5997554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Georgia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**156107** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6769888** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6769888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greece | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24567** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guernsey, Channel Islands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2070007** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2070007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**721171** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Isle of Man | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**45663** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1276933** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1256621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4435410** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4435410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24499123** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24499123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liechtenstein | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**82041** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**614223** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23847** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Malaysia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16473** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mauritius | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13880** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mongolia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16247** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2688309** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2355647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Zealand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**447176** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**803486** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**144850** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Poland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**55348** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portugal | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**406472** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1398511** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1398511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South Africa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**247522** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2541878** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2541878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3009884** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3009884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8651836** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8651836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31078** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12066941** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11996444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**857152** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**420578** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**828** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2371341** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2371341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$115118874** | **$18251258** | **$96826069** | **$41547** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6138** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **International Small Company Trust (continued)** | **International Small Company Trust (continued)** | **International Small Company Trust (continued)** | **International Small Company Trust (continued)** | **International Small Company Trust (continued)** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$998822047** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$998822047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**230** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$998822277** | &nbsp;&nbsp;&nbsp;&nbsp;**$998822277** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$149372415** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149372415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$149372423** | &nbsp;&nbsp;&nbsp;&nbsp;**$149372423** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated investment companies | &nbsp;&nbsp;&nbsp;&nbsp;**$5183499250** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5183499250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$5183499258** | **$5183499258** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated investment companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$270241504** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$270241504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$270241512** | &nbsp;&nbsp;&nbsp;&nbsp;**$270241512** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$612542789** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$612542789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2230913** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2230913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange-traded funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3501596** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3501596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14802510** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3302510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$633077808** | &nbsp;&nbsp;&nbsp;&nbsp;**$619346895** | **$11500000** | **$2230913** |
| **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1136442788** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1136442788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**41460269** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41460269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$1177903057** | **$1177903057** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(856325)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(856325) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$5092563** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5092563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**37671092** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37671092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10594467** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10594467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**36671514** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36671514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**122153511** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122153511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**58332860** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58332860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**109885601** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109885601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78962451** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78962451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**29074980** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24095997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4978983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**45684397** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45684397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**40670073** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40670073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Convertible bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1125750** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1125750 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Corporate bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**340956** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340956 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19709561** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19709561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$595969776** | &nbsp;&nbsp;&nbsp;&nbsp;**$589524087** | **$6445689** | **—** |
| **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$289258115** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$289258115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4690375** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4690375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$293948490** | &nbsp;&nbsp;&nbsp;&nbsp;**$293948490** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | **—** |
| **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$165171180** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$165171180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4240860** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4240860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2330281** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2330281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1018492688** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1012432707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6059981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8245088** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8245088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$1198480097** | **$1192420116** | **$6059981** | **—** |
| **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$286021556** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$286021556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6550722** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6550722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;&nbsp;&nbsp;**$292572278** | &nbsp;&nbsp;&nbsp;&nbsp;**$292572278** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | **—** |
| **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$14788517** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14788517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47667686** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47647995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9813526** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9813526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25603720** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25603720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Small Cap Index Trust (continued)** | **Small Cap Index Trust (continued)** | **Small Cap Index Trust (continued)** | **Small Cap Index Trust (continued)** | **Small Cap Index Trust (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$94660414** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$94660414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**100167572** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100054105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$111808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**92583949** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92583949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**78646032** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78646032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23585039** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23571921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30348353** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30348353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16050729** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16050729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7219** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**834** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32545813** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32545813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$566469403** | **$566323127** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$21350** | **$124926** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(824175)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(824175) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$4857596** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4857596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25077820** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25077820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10311393** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10311393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16022991** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16022991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**53340031** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53340031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13614215** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13612404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**28979463** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28979463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11960268** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11960268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13147578** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13136870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1861617** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1861617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**874427** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12062438** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12062438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$192109837** | **$192097318** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$338** | &nbsp;&nbsp;&nbsp;**$12181** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$261458582** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$260580396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$861675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange-traded funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**893769** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6675486** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$269027837** | **$265749651** | **$3261675** | &nbsp;&nbsp;&nbsp;**$16511** |
| **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;**$125968452** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125968452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2134050** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2134050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$128102502** | **$128102502** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**—** |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$496628889** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$404319804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$92309085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**676636446** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455926888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220709558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**365494948** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195464771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170030177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**206047197** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132339178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73708019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1202566649** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607438458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595128191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**703202124** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440441199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262628908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$132017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**902594502** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455054617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447539885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1531674119** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1341613525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190060594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**234141093** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103292860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130837985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**154438403** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111431046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43007357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**190304051** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104099565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86204486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7484499** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7484499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5424** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**530** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**254359216** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254359216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$6925578090** | **$4605787081** | **$2319648744** | **$142265** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$286542** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$286542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(898889)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(898889) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Common stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$111682720** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$111682720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**119407906** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119403913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**55113985** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55113985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32231315** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32231315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**155486402** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155479878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**111125838** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111088919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**102233203** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102233203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**346703099** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346700290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24942510** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24942315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23759110** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23758276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23154581** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23154581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Preferred securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**946** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**427** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Rights** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**829** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;**Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3028** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**33472592** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33472592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$1139318491** | **$1139266744** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$10653** | &nbsp;&nbsp;&nbsp;**$41094** |
| **Derivatives:** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(287151)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(287151) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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** |
| **Total Stock Market Index Trust (continued)** | **Total Stock Market Index Trust (continued)** | **Total Stock Market Index Trust (continued)** | **Total Stock Market Index Trust (continued)** | **Total Stock Market Index Trust (continued)** |
| *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* | *Level 3 includes securities valued at $0. Refer to Portfolio of Investments.* |
| **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stocks | &nbsp;&nbsp;&nbsp;&nbsp;**$730051761** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$730051761 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange-traded funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10657769** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10657769 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3921368** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3921368 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$744630898** | **$744630898** | **—** | **—** |

---

**Repurchase agreements. The portfolios may enter into repurchase agreements. When the portfolios enter into a repurchase agreement, they receive collateral that is held in a segregated account by the portfolios' 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 portfolios. 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 portfolio for repurchase agreements is disclosed in the Portfolios of 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 Statements 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.

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

The portfolios' ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. The portfolios' failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the portfolios' income and would likely reduce the value of its assets. Transactions in loan investments typically take a significant amount of time (i.e., seven days or longer) to settle. This could pose a liquidity risk to the portfolios and, if the portfolios' exposure to such investments is substantial, it could impair the portfolios' ability to meet redemptions. Because term loans may not be rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadvisor's credit analysis of the borrower and/or term loan agents. There is greater risk that the portfolios may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.

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

During the year ended December 31, 2025, Mid Value Trust realized a gain of $455,157 on the disposal of investments not meeting the portfolio's investment guidelines.

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

**Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned securities. The portfolios may invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT is a government money market fund and invests in U.S. Government securities and/or repurchase agreements. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.** 

The portfolios have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp; securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.**

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

Obligations to repay collateral received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of securities loaned by the portfolios and the corresponding cash collateral received at December 31, 2025. In addition, non-cash collateral in the form of U.S. Treasuries was pledged, as indicated below. This non-cash collateral cannot be sold or repledged by the portfolios, and accordingly, is not reflected in the portfolios' net assets.

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Market value of securities on loan** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cash collateral received** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-cash collateral** |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$136540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$140003 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6385701 | &nbsp;&nbsp;&nbsp;&nbsp;$3179325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3354645 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4594751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4834143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;14724564 | &nbsp;&nbsp;&nbsp;&nbsp;15139100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2379931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2550863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2619745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2235118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2369403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4551 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3227788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3303050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3214367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3281253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;22189564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9912525 | &nbsp;&nbsp;&nbsp;&nbsp;12627690 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;49425663 | &nbsp;&nbsp;&nbsp;&nbsp;15456269 | &nbsp;&nbsp;&nbsp;&nbsp;35548075 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;12357782 | &nbsp;&nbsp;&nbsp;&nbsp;11476662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186521 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5482190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1322572 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;25992378 | &nbsp;&nbsp;&nbsp;&nbsp;28690152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2036871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

Portfolios that invest internationally generally carry more risk than portfolios that invest strictly in U.S. securities. 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.

There may be unexpected restrictions on investments or on exposures to investments in companies located in certain foreign countries, such as China. For example, a government may restrict investment in companies or industries considered important to national interests, or intervene in the financial markets, such as by imposing trading restrictions, or banning or curtailing short selling. As a result of forced sales of a security, or inability to participate in an investment the manager otherwise believes is attractive, a portfolio may incur losses.

Trading in certain Chinese securities through Hong Kong Stock Connect or Bond Connect, mutual market access programs that enable foreign investment in the People's Republic of China, is subject to certain restrictions and risks. Securities offered through these programs may lose purchase eligibility and any changes in laws, regulations and policies impacting these programs may affect security prices, which could adversely affect a portfolio's performance.

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

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

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp; Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit, which is in effect through July 13, 2026 unless extended or renewed. Excluding commitments designated for certain funds and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement.** 

International Equity Index Trust can borrow up to $50 million, subject to asset coverage and other limitations as specified in the agreement.

A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations. For the year ended December 31, 2025, the portfolios had no borrowings under the line of credit.

Commitment fees for the year ended December 31, 2025 were as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Commitment fee** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$61919 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6664 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5916 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5401 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11567 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2694 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1635 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4671 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13947 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4512 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1645 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1199 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84042 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578 |

---

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Commitment fee** |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;$5426 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28229 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1488 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3641 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6603 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3276 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1581 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5946 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2827 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1555 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38506 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5861 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3847 |

---

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

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

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

For federal income tax purposes, as of December 31, 2025, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of December 31, 2025:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**No Expiration Date** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**No Expiration Date** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Short Term** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Long Term** |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$4944949 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16912005 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10562611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25843210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp; For federal income tax purposes, the costs of investments owned on December 31, 2025, including short-term investments, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aggregate<br> cost** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> appreciation** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Unrealized<br> (depreciation)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net unrealized<br> appreciation/<br> (depreciation)** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$3848941551 | &nbsp;&nbsp;&nbsp;&nbsp;$8535700365 | &nbsp;&nbsp;&nbsp;&nbsp;$(152184588) | &nbsp;&nbsp;&nbsp;&nbsp;$8383515777 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034195067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187616411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187616411 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175876757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30972342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30972342 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724937006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373634331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373634331 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782073489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220490839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220490839 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336057577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52178184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52178184 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1195066363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1029292399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31806783) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997485616 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469926834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29303490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6956431) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22347059 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243731429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33321160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7409617) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25911543 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292535133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61599000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7704407) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53894593 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714510042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195670232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28736624) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166933608 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117112161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25318511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(414754) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24903757 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1936705673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776621077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(144016078) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;632604999 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625284798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267508907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55198519) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212310388 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246133787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61350869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6580245) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54770624 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200944028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57851291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13286079) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44565212 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716732394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521524652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45248231) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476276421 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106451951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30422692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21749631) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8673061 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1032638665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31435962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(65252350) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33816388) |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168222656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3337456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22187689) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18850233) |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5191976656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180882955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(189360353) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8477398) |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289321193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5960015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25039696) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19079681) |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549465802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107162484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23550478) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83612006 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888359428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359956288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(71268984) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288687304 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529649661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93665410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27345295) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66320115 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268029542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33631214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7712266) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25918948 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1071060816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139051452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11632171) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127419281 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267398389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39899080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14725191) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25173889 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426237642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208320831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68913245) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139407586 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168711514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40369213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16970890) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23398323 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212802229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66907109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10681501) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56225608 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104611538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30145140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6654176) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23490964 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3225496995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3862978189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(163509441) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3699468748 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451895233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716110728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28974621) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687136107 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572094992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179078691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6542785) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172535906 |

---

**Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The portfolios generally declare and pay dividends and capital gain distributions, if any, annually.**

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

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Ordinary<br> Income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Long Term<br> Capital Gains** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$138549813 | &nbsp;&nbsp;&nbsp;&nbsp;$171453016 | &nbsp;&nbsp;&nbsp;&nbsp;$310002829 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25290904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86773970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112064874 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2112273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16160422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18272695 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6449911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85145439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91595350 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13846106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97249608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111095714 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3063159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3063159 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5874954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296803058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302678012 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18922321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39305320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58227641 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085364 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7596383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21159574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28755957 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25093828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132138932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157232760 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6375290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7946453 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19600173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265078946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284679119 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8806509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102522602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111329111 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4184489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31793665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35978154 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1689494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29258585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30948079 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Ordinary<br> Income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Long Term<br> Capital Gains** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$24404458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$24404458 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3202716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3462671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6665387 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26928159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51346165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78274324 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5041660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5143258 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;114391903 | &nbsp;&nbsp;&nbsp;&nbsp;385206928 | &nbsp;&nbsp;&nbsp;&nbsp;499598831 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7888094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7314091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15202185 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35435311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62139123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97574434 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23764553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87735507 | &nbsp;&nbsp;&nbsp;&nbsp;111500060 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5524712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5524712 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;135364002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89424202 | &nbsp;&nbsp;&nbsp;&nbsp;224788204 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3360988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28036359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31397347 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7517491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30337523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37855014 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2968152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12846514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15814666 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244214 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1315284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11045179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12360463 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;127260387 | &nbsp;&nbsp;&nbsp;&nbsp;753559415 | &nbsp;&nbsp;&nbsp;&nbsp;880819802 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11291881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19315342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30607223 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74991474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74991474 |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Ordinary<br> Income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Long Term<br> Capital Gains** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$129292956 | &nbsp;&nbsp;&nbsp;&nbsp;$100585926 | &nbsp;&nbsp;&nbsp;&nbsp;$229878882 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20039449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69258036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89297485 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2247963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20364385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22612348 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83248967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83248967 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7844561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63646553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71491114 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2622427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2977593 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168076633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168076633 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4269112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3611135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7880247 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9383900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9383900 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8583676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17838769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26422445 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29687283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56384636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86071919 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1277143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1277143 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226761482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230134408 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4877633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79353036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84230669 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3461881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14848584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18310465 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17349673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17349673 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15162634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15162634 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2889736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3361954 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22372682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24250913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46623595 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4641839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4919004 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99403549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191957007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291360556 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6971862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5265858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12237720 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16121986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39448245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55570231 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2869884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31786636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34656520 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6334744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6334744 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10450343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17707415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28157758 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2466382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12070868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14537250 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2066999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8522453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10589452 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4828316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5703115 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116219838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625544321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741764159 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6829616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36796139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43625755 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34951527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34951527 |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Significant accounting policies, continued &nbsp;&nbsp;&nbsp;&nbsp; Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of December 31, 2025, the components of distributable earnings on a tax basis were as follows:**

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Undistributed<br> Ordinary Income** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Undistributed<br> Long Term<br> Capital Gains** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$63790481 | &nbsp;&nbsp;&nbsp;&nbsp;$268703136 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1093895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101661835 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31167776 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135438979 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193740504 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1068706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267590402 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24804991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44793953 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7127514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13612556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24221089 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7895325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232677084 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1603787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20832573 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20180379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506364797 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9658104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104623841 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3972492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24428778 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24287532 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36452175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4117307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4911490 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1296501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50387801 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1144604 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5421281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449918198 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11742495 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5347074 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7152959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83957088 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11519931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30482907 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6259712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5664327 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;145970246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158938076 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1306881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6965903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25170736 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5234763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14500892 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8307074 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92374132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867169452 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10052063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80266680 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12006166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211364414 |

---

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 portfolios' financial statements as a return of capital. Short-term gains from underlying funds are treated as ordinary income for tax purposes.

Capital accounts within the financial statements are adjusted for permanent book-tax differences 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 net operating losses, foreign currency transactions, investments in passive foreign investment companies, wash sale loss deferrals, derivative transactions, corporate actions and partnerships.

3. Derivative instruments

The portfolios may invest in derivatives in order to meet their 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 portfolios are 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 portfolios attempt to reduce their 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 their OTC counterparties. The ISDA gives each

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Derivative instruments, continued &nbsp;&nbsp;&nbsp;&nbsp; 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 portfolios 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 portfolios, if any, are held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the portfolios and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the portfolios, if any, for OTC transactions is held in a segregated account at the portfolios' custodian and is noted in the accompanying portfolio of investments, or if cash is posted, on the Statements of assets and liabilities. The portfolios' 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 portfolio than OTC transactions. The exchange or clearinghouse stands between the portfolios and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.

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

Upon entering into a futures contract, the portfolios are 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 portfolios, if any, is detailed in the Statements of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the portfolios, if any, are identified in the Portfolios of investments. Subsequent payments, referred to as variation margin, are made or received by the portfolios 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 portfolios. Receivable/Payable for futures variation margin is included in the Statements of assets and liabilities. When the contract is closed, the portfolios record 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.

The following table details how the portfolios used futures contracts during the year ended December 31, 2025. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Reason** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**USD Notional range** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $240.2 million to $364.2 million |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $14.7 million to $21.9 million |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;To equitize cash balances. | &nbsp;&nbsp;&nbsp;&nbsp;From $670,000 to $1.2 million |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $39.8 million to $40.9 million |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;To gain exposure to certain securities markets. As of December 31, 2025, there were no open futures contracts. | &nbsp;&nbsp;&nbsp;&nbsp;Up to $106.8 million, as measured during the period |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $15.7 million to $21.9 million |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $241.5 million to $290.6 million |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;To manage against changes in certain securities markets and gain exposure to certain securities markets. | &nbsp;&nbsp;&nbsp;&nbsp;From $19.9 million to $38.5 million |

---

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

Purchased options are included in the Portfolio of investments and are subsequently "marked-to-market" to reflect current market value. If a purchased option expires, a portfolio realizes a loss equal to the premium paid for the option. Premiums paid for purchased options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying asset transaction to determine the realized gain (loss). Written options are included as liabilities in the Statements of assets and liabilities and are "marked-to-market" to reflect the current market value. If the written option expires, a portfolio realizes a gain equal to the premium received. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying asset transaction to determine the realized gain (loss).

The following table details how the portfolios used written options contracts during the year ended December 31, 2025. In addition, the table summarizes the range of market value amounts held by the portfolios, as measured at each quarter end:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Reason** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Market value range** |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;To generate potential income from options premiums. | &nbsp;&nbsp;&nbsp;&nbsp;From $732,000 to $1.5 million |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Derivative instruments, continued &nbsp;&nbsp;&nbsp;&nbsp; Swaps. Swap agreements are agreements between the portfolio 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 portfolios, 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 portfolios is recorded as realized gain or loss, as well as the net periodic payments received or paid by the portfolios.

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

**Total Return Swaps. The portfolios may enter into total return swap contracts to obtain synthetic exposure to a specific reference asset or index without owning, taking physical custody of, or short selling the underlying assets. Total return swaps are commitments where one party pays a fixed or variable rate premium (the Buyer) in exchange for a market-linked return (the Seller). The Seller pays the total return of a specific reference asset or index and in return receives interest payments from the Buyer. To the extent the total return of the underlying asset or index exceeds or falls short of the offsetting interest rate obligation, the Buyer will receive or make a payment to the Seller. A portfolio may enter into total return swaps in which it may act as either the Buyer or the Seller. Total return swap contracts are subject to the risk associated with the investment in the underlying reference asset or index. The risk in the case of short total return swap contracts is unlimited based on the potential for unlimited increases in the market value of the underlying reference asset or index.**

The following table details how the portfolios used total return swaps during the year ended December 31, 2025. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Reason** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**USD Notional range** |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;To gain exposure to a security or market without investing directly in such security or market. | &nbsp;&nbsp;&nbsp;&nbsp;From $209,000 to $3.0 million |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Risk** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Statements of<br> assets and<br> liabilities location** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial<br> instruments<br> location** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Assets<br> derivatives<br> fair value** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Liabilities<br> derivatives<br> fair value** |
| **500 Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(908157) |
| **Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Written options, at value | &nbsp;&nbsp;&nbsp;&nbsp;Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$(1268860) |
| **Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Swap contracts, at value | &nbsp;&nbsp;&nbsp;&nbsp;Total return swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(13515) |
| **International Equity Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;$118434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(63593) |
| **International Small Company Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Mid Cap Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(856325) |
| **Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(824175) |
| **Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;$286542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(898889) |
| **Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;Receivable/payable for futures variation margin<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Futures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(287151) |

---

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

For financial reporting purposes, the portfolios do not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the Statements 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 portfolio and the applicable counterparty.

#### Effect of derivative instruments on the Statements 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;**Statements of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Net realized gain (loss) on:** |  |
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Written options** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| **500 Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;$26180720 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$26180720 |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Derivative instruments, continued &nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;**Statements of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Net realized gain (loss) on:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Net realized gain (loss) on:** |  |
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Written options** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| **Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$480484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$480484 |
| **Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$539573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$539573 |
| **International Equity Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;$7716466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$7716466 |
| **International Small Company Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$136565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$136565 |
| **Mid Cap Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$33460 |
| **Small Cap Core Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;$4329218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$4329218 |
| **Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;$1304719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$1304719 |
| **Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;$19928432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$19928432 |
| **Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;$2261210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$2261210 |

---

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;**Statements of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Change in net unrealized appreciation (depreciation) of:** | &nbsp;&nbsp;&nbsp;**Statements of operations location - Change in net unrealized appreciation (depreciation) of:** |  |
| **Portfolio** | &nbsp;&nbsp;&nbsp;**Risk** | &nbsp;&nbsp;&nbsp;**Futures contracts** | &nbsp;&nbsp;&nbsp;**Written options** | &nbsp;&nbsp;&nbsp;**Swap contracts** | &nbsp;&nbsp;&nbsp;**Total** |
| **500 Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;$10344548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$10344548 |
| **Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$(520441) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(520441) |
| **Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;$20316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20316 |
| **International Equity Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$398649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$398649 |
| **International Small Company Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38796 |
| **Mid Cap Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$659995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$659995 |
| **Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$54628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$54628 |
| **Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;$7155563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$7155563 |
| **Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;Equity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$611764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$611764 |

---

4. Guarantees and indemnifications

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

5. Fees and transactions with affiliates

John Hancock Variable Trust Advisers LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Distributors, LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.

**Management fee. Under an investment management agreement, the portfolios, with the exception of the JHVIT Feeder Funds, pay a daily management fee to the Advisor based on the net assets of the respective portfolio or aggregate net assets, which include the net assets of the respective portfolio and the net assets of a similar portfolio within the John Hancock group of funds complex unless otherwise noted below. The annual rate for each portfolio is as follows:**

• *500 Index Trust* — a) 0.470% of the first $500 million of average net assets; and b) 0.460% of the excess over $500 million of average net assets.

• *Blue Chip Growth Trust* — 0.780% of the first $500 million of aggregate net assets. If aggregate net assets are between $500 million and $1 billion, then 0.775% of all aggregate net assets. If aggregate net assets are between $1 billion and $2 billion, then the following fee schedule shall apply: a) 0.750% of the first $1 billion of aggregate net assets; b) 0.740% of the excess over $1 billion of aggregate net assets. If aggregate net assets are between $2 billion and $7.5 billion, then the following fee schedule shall apply: a) 0.740% of the first $3 billion of aggregate net assets; b) 0.725% of the excess over $3 billion of aggregate net assets. If aggregate net assets exceed $7.5 billion, then the management fee to be paid is 0.710% of all levels of aggregate net assets. Aggregate net assets include net assets of the portfolio, JHF II Blue Chip Growth Fund and Manulife North American Equity Fund Series – (I) (Asia).

Prior to June 1, 2025, the annual rates were 0.780% of the first $500 million of aggregate net assets. If aggregate net assets are between $500 million and $1 billion, then 0.775% of all aggregate net assets. If aggregate net assets are between $1 billion and $2 billion, then the following fee schedule shall apply: a) 0.750% of the first $1 billion of aggregate net assets; b) 0.740% of the excess over $1 billion of aggregate net assets. If aggregate net assets exceed $2 billion, then the following fee schedule shall apply: a) 0.740% of the first $3 billion of aggregate net assets; b) 0.725% of the excess over $3 billion of aggregate net assets. Aggregate net assets include net assets of the portfolio, JHF II Blue Chip Growth Fund and Manulife North American Equity Fund Series – (I) (Asia).

• *Capital Appreciation Value Trust* — If aggregate net assets are less than $500 million, then the following fee schedule shall apply: a) 0.950% of the first $250 million of aggregate net assets; and b) 0.850% of the excess over $250 million of aggregate net assets. If aggregate net assets equal or exceed $500 million but are less than $2 billion, then the following fee schedule shall apply: a) 0.850% of the first $1 billion of aggregate net assets; and b) 0.800% of the excess over $1 billion of aggregate net assets. If aggregate net assets equal or exceed $2 billion but are less than $3 billion, then the following fee schedule shall apply: a) 0.850% of the first $500 million of aggregate net assets; and b) 0.800% of the excess over $500 million of aggregate net assets. If aggregate net assets equals or exceed $3 billion, then the management fee to be paid is 0.800% of all levels of aggregate net assets.

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Fees and transactions with affiliates, continued &nbsp;&nbsp;&nbsp;&nbsp;
• *Disciplined Value Emerging Markets Equity Trust* — a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets.

• *Disciplined Value International Trust* — a) 0.710% of the first $500 million of aggregate net assets; b) 0.690% of the next $500 million of aggregate net assets; c) 0.680% of the next $1 billion of aggregate net assets; d) 0.670% of the next $1 billion of aggregate net assets; e) 0.660% of the next $2 billion of aggregate net assets; and f) 0.650% of the excess over $5 billion of aggregate net assets. Aggregate net assets are the net assets of the portfolio, Manulife Boston Partners International Equity Fund, Disciplined Value International Fund, a series of John Hancock Investment Trust, MLI Pension Plus Growth Fund, Manulife Balanced Fund, Manulife MIM Diversified Fund, Manulife Diversified Tri-Plan Fund, Manulife Aggressive Asset Allocation Fund, Manulife Balanced Asset Allocation Fund, Manulife Growth Asset Allocation Fund, Manulife Moderate Asset Allocation Fund and Manulife Retirement Date 2025, 2030, 2035, 2040, 2045, 2050, 2055, 2060 and 2065 Funds.

• *Equity Income Trust* — a) 0.800% of the first $100 million of aggregate net assets; b) 0.775% of the next $100 million of aggregate net assets; c) 0.750% of the next $300 million of aggregate net assets; d) 0.725% of the next $500 million of aggregate net assets; e) 0.725% of the next $500 million of aggregate net assets; f) 0.700% of the next $500 million of aggregate net assets; g) 0.695% of the next $1 billion of aggregate net assets; h) 0.690% of the next $1 billion of aggregate net assets; i) 0.680% of the next $1.5 billion of aggregate net assets; j) 0.675% of the next $2 billion of aggregate net assets; and k) 0.670% of the excess over $7.5 billion of aggregate net assets. When aggregate net assets exceed $200 million on any day, the annual rate of advisory fee for that day is 0.775% on the first $200 million of aggregate net assets. When aggregate net assets exceed $500 million on any day, the annual rate of advisory fee for that day is 0.750% on the first $500 million of aggregate net assets and 0.725% on aggregate net assets over $500 million. When aggregate net assets exceed $1 billion on any day, the annual rate of advisory fee for that day is 0.725% on the first $1 billion of aggregate net assets. When aggregate net assets exceed $1.5 billion on any day, the annual rate of advisory fee for that day is 0.700% on the first $1.5 billion of aggregate net assets. When aggregate net assets exceed $2 billion on any day, the annual rate of advisory fee for that day is 0.695% on the first $2 billion of aggregate net assets. When aggregate net assets exceed $3 billion on any day, the annual rate of advisory fee for that day is 0.690% on the first $3 billion of aggregate net assets. When aggregate net assets exceed $4 billion on any day, the annual rate of advisory fee for that day is 0.680% on the first $4 billion of aggregate net assets. When aggregate net assets exceed $5.5 billion on any day, the annual rate of advisory fee for that day is 0.675% on the first $5.5 billion of aggregate net assets. When aggregate net assets exceed $7.5 billion on any day, the annual rate of advisory fee for that day is 0.670% on the first $7.5 billion of aggregate net assets. Aggregate net assets are the net assets of the portfolio, JHF II Equity Income Fund, Manulife US Large Cap Value Equity Fund (Canada) and Manulife North American Equity Fund Series II (Asia).

• *Financial Industries Trust* — a) 0.800% of the first $250 million of aggregate net assets; b) 0.775% of aggregate net assets between $250 million and $500 million; c) 0.750% of aggregate net assets between $500 million and $1 billion; and d) 0.725% of the excess over $1 billion of aggregate net assets.

• *Fundamental All Cap Core Trust* — a) 0.675% of the first $2.5 billion of aggregate net assets; and b) 0.650% of the excess over $2.5 billion of aggregate net assets.

• *Fundamental Large Cap Value Trust* — a) 0.700% of the first $500 million of average net assets; b) 0.650% of average net assets between $500 million and $1 billion; and c) 0.600% of the excess over $1 billion of average net assets.

• *Global Equity Trust* — a) 0.800% of the first $1 billion of aggregate net assets; and b) 0.790% of the excess over $1 billion of aggregate net assets.

• *Health Sciences Trust* — If aggregate net assets are less than $750 million, then the following fee schedule shall apply: a) 1.050% of the first $500 million of aggregate net assets; and b) 1.000% of the next $250 million of aggregate net assets. If aggregate net assets equal or exceed $750 million but are less than $1.5 billion, then the following fee schedule shall apply: a) 0.95% of the first $1 billion of aggregate net assets; and b) 0.90% of the next $500 million of aggregate net assets. If aggregate net assets equal or exceed $1.5 billion but are less than $2 billion, then the management fee to be paid is 0.77% of all levels of aggregate net assets. If aggregate net assets equal or exceed $2 billion, then the management fee to be paid is 0.75% of all levels of aggregate net assets. Aggregate net assets are the net assets of the portfolio and Manulife Healthcare Fund Series I. Prior to March 28, 2025, aggregate net assets were the net assets of the portfolio, JHF II Health Sciences Fund and Manulife Healthcare Fund Series I.

• *International Equity Index Trust* — a) 0.550% of the first $100 million of average net assets; b) 0.530% of the next $150 million of average net assets; c) 0.520% of the next $250 million of average net assets; and d) 0.510% of the excess over $500 million of average net assets.

• *International Small Company Trust* — 0.800% of aggregate net assets.

• *Lifestyle Portfolios* — The management fee has two components: a) a fee on net assets invested in affiliated funds (Affiliated funds assets) excluding 500 Index Trust, International Equity Index Trust and Total Bond Market Trust, and b) a fee on net assets not invested in affiliated funds (Other assets). The management fee paid on Affiliated funds assets is: a) 0.050% of the first $7.5 billion of aggregate net assets; and b) 0.040% of the excess over $7.5 billion in aggregate net assets. The advisory fee paid on Other assets is as follows: a) 0.500% of the first $7.5 billion of aggregate net assets; and b) 0.490% of the excess over $7.5 billion in aggregate net assets. Aggregate net assets are the net assets of the Lifestyle Portfolios, JHVIT Managed Volatility Portfolios, JHF II Multimanager Lifestyle Portfolios and JHF II Lifestyle Blend Portfolios.

• *Mid Cap Growth Trust* — a) 0.875% of the first $200 million of aggregate net assets; b) 0.850% of aggregate net assets between $200 million and $500 million; c) 0.825% of aggregate net assets between $500 million and $3.2 billion; d) 0.800% of aggregate net assets between $3.2 billion and $3.7 billion; e) 0.775% of aggregate net assets between $3.7 billion and $4.2 billion; and f) 0.755% of the excess over $4.2 billion of aggregate net assets.

• *Mid Cap Index Trust, Small Cap Index Trust and Total Stock Market Index Trust* — a) 0.490% of the first $250 million of average net assets; b) 0.480% of average net assets between $250 million and $500 million; and c) 0.460% of the excess over $500 million of average net assets.

• *Mid Value Trust* — a) 0.950% of the first $1 billion of aggregate net assets; b) 0.865% of the excess over $1 billion of aggregate net assets; c) 0.860% of the excess over $2 billion of aggregate net assets; d) 0.855% of the excess over $3 billion of aggregate net assets; and e) 0.850% of the excess over $5.5 billion of aggregate net assets. If aggregate net assets exceed $1 billion, the management fee rate is 0.865% of all aggregate net assets. If aggregate net assets exceed $2 billion, the management fee rate is 0.860% of aggregate net assets. If aggregate net assets exceed $3 billion, the management fee rate is 0.855% of aggregate net assets. If aggregate net assets exceed $5.5 billion, the management fee rate is 0.850% of aggregate net assets.

• *Real Estate Securities Trust* — a) 0.700% of the first $1.5 billion of aggregate net assets; and b) 0.680% of the excess over $1.5 billion of aggregate net assets.

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

• *Science & Technology Trust* — a) 1.050% of the first $50 million of aggregate net assets; b) 1.025% of aggregate net assets between $50 million and $100 million; c) 1.000% of aggregate net assets between $100 million and $200 million; d) 0.975% of aggregate net assets between $200 million and $500 million; e) 0.950% of aggregate net assets between $500 million and $1 billion; and f) 0.925% of the excess over $1 billion of aggregate net assets. When aggregate net assets exceed $100 million on any day, the annual rate of advisory fee for that day is 1.000% on the first $100 million of aggregate net assets. When aggregate net assets exceed $200 million on any day, the annual rate of advisory fee for that day is 0.975% on the first $200 million of aggregate net assets. When aggregate net assets exceed $500 million on any day, the annual rate of advisory fee for that day is 0.950% on the first $500 million of aggregate net assets. Aggregate net assets are the net assets of the portfolio and (MMTF) Manulife Technology Fund. Prior to March 28, 2025, aggregate net assets were the net assets of the portfolio, JHF II Science & Technology Fund and (MMTF) Manulife Technology Fund.

• *Small Cap Core Trust* — a) 0.870% of the first $300 million of aggregate net assets; b) 0.830% of the next $300 million of aggregate net assets; c) 0.815% of the next $300 million of aggregate net assets; and d) 0.800% of the excess over $900 million of aggregate net assets. Effective April 26, 2025, aggregate net assets are the net assets of the portfolio and JHF Small Cap Core Fund.

Prior to April 26, 2025, the annual rates were a) 0.950% of the first $250 million of aggregate net assets; b) 0.940% of the next $500 million of aggregate net assets; c) 0.930% of the next $500 million of aggregate net assets; and d) 0.920% of the excess over $1.25 billion of aggregate net assets.

• *Small Cap Opportunities Trust* — 0.720% of average net assets.

Prior to May 29, 2025, the annual rates were a) 1.000% of the first $500 million of aggregate net assets; b) 0.950% of aggregate net assets between $500 million and $1 billion; c) 0.900% of aggregate net assets between $1 billion and $2 billion; and d) 0.850% of the excess over $2 billion of aggregate net assets. Aggregate net assets included the net assets of the portfolio and JHF II New Opportunities Fund.

• *Small Cap Stock Trust* — a) 1.050% of the first $50 million of average net assets; and b) 1.000% of the excess over $50 million of average net assets.

• *Small Company Value Trus*t — a) 1.050% of the first $500 million of average net assets; and b) 1.000% of the excess over $500 million of average net assets.

• *Strategic Equity Allocation Trust* — a) 0.675% of the first $2.5 billion of aggregate net assets; b) 0.650% of aggregate net assets between $2.5 billion and $7.5 billion; c) 0.625% of aggregate net assets between $7.5 billion and $10 billion; d) 0.600% of aggregate net assets between $10 billion and $15 billion; e) 0.595% of aggregate net assets between $15 billion and $25 billion; and f) 0.590% of the excess over $25 billion of aggregate net assets. Aggregate net assets are the net assets of the portfolio, JHF II U.S. Sector Rotation Fund, and JHF II International Strategic Equity Allocation Fund.

• *U.S. Growth Trust* — a) 0.600% of the first $500 million of aggregate net assets; b) 0.550% of the next $1 billion of aggregate net assets; c) 0.530% of the excess over $1.5 billion of aggregate net assets. Effective May 29, 2025, aggregate net assets are the net assets of the portfolio, JHF III U.S. Growth Fund and Manulife Wellington U.S. Quality Growth Fund, a series trust of The Manufacturers Life Insurance Company.

Prior to May 29, 2025, the annual rates were a) 0.800% of the first $500 million of aggregate net assets; b) 0.700% of the next $500 million of aggregate net assets; and c) 0.670% of the excess over $1 billion of aggregate net assets.

The organizations described below act as the subadvisors to the Trust and certain of its portfolios pursuant to Subadvisory Agreements with the Advisor. Portfolio management is allocated among the following subadvisors:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subadvisor(s)** |
| &nbsp;&nbsp;&nbsp;Disciplined Value Emerging Markets Equity Trust<br> Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;Boston Partners Global Investors, Inc. |
| &nbsp;&nbsp;&nbsp;International Small Company Trust<br> Small Cap Opportunities Trust<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dimensional Fund Advisors LP |
| &nbsp;&nbsp;&nbsp;500 Index Trust<sup>2</sup> Financial Industries Trust<br> Fundamental All Cap Core Trust<br> Fundamental Large Cap Value Trust<br> Global Equity Trust<br> Lifestyle Balanced Portfolio<br> Lifestyle Conservative Portfolio<br> Lifestyle Growth Portfolio<br> Lifestyle Moderate Portfolio<br> Mid Cap Index Trust<sup>2</sup> Small Cap Core Trust<sup>4</sup> Small Cap Index Trust<sup>2</sup> Strategic Equity Allocation Trust<br> Total Stock Market Index Trust<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Manulife Investment Management (US) LLC<sup>3</sup> |
| &nbsp;&nbsp;&nbsp;International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;SSGA Funds Management, Inc. |
| &nbsp;&nbsp;&nbsp;Blue Chip Growth Trust<br> Capital Appreciation Value Trust<br> Equity Income Trust<br> Health Sciences Trust<br> Mid Value Trust<br> Science & Technology Trust<br> Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Associates, Inc. |

---

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subadvisor(s)** |
| &nbsp;&nbsp;&nbsp;Mid Cap Growth Trust<br> Real Estate Securities Trust<br> Small Cap Stock Trust<br> U.S. Growth Trust<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Wellington Management Company LLP |

---

<sup>1</sup> Prior to May 29, 2025, the subadvisors of the portfolio were Dimensional Fund Advisors LP and GW&K Investment Management, LLC. Dimensional Fund Advisors LP is now the portfolio's sole subadvisor.

<sup>2</sup> Prior to June 30, 2025, the subadvisor of the portfolio was Manulife Investment Management (North America) Limited.

<sup>3</sup> An affiliate of the Advisor.

<sup>4</sup> Prior to April 26, 2025, the subadvisor of the portfolio was Wellington Management Company LLP.

<sup>5</sup> Prior to May 29, 2025, the subadvisor of the portfolio was Jennison Associates LLC.

The portfolios are not responsible for payment of the subadvisory fees.

**Expense reimbursements. The Advisor voluntarily agreed to waive a portion of its management fee if certain expenses of the respective portfolios exceed the percentage of average net assets as detailed below. Expenses excluded from this waiver are taxes, portfolio brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolios' business, advisory fees, Rule 12b-1 fees, underlying fund expenses and in the case of a feeder fund, the expenses of the master fund, and short dividends. This expense reduction will continue in effect until terminated by the Advisor.**

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense limitation as a percentage<br> of average net assets** |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.10% |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.10% |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.10% |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.10% |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.10% |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |

---

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense limitation as a percentage<br> of average net assets** |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25% |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.075% |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.075% |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.075% |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20% |

---

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

The Advisor has contractually agreed to limit operating expenses of 500 Index Trust and International Equity Index Trust at 0.25% and 0.34%, respectively. These limits exclude taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolios' business, class-specific expenses, borrowing costs, prime brokerage fees, acquired fund fees and expenses paid indirectly, and short dividend expense. The Advisor's obligation to provide the expense cap will remain in effect until April 30, 2026, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor has contractually agreed to reimburse expenses for the Lifestyle Portfolios so that certain other expenses do not exceed 0.04% of average net assets of the Lifestyle Portfolios. This waiver includes all expenses except advisory fees, taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, distribution and service (Rule 12b-1) fees, underlying fund expenses (acquired fund fees), and short dividend expense. This expense reimbursement will remain in effect until April 30, 2026, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor contractually agrees to reduce its management fee or, if necessary, make payment to Lifestyle Balanced Portfolio Series I, Series II and Series NAV shares in an amount equal to the amount by which expenses of Lifestyle Balanced Portfolio Series I, Series II and Series NAV shares exceed 1.83% of average daily net assets attributable to each class. This reimbursement includes all expenses of the applicable class except taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, and short dividend expense. This expense reimbursement will remain in effect until April 30, 2027 unless renewed by mutual agreement of the portfolio and the Advisor based upon a determination that this is appropriate under the circumstances at that time. Prior to April 30, 2025, the Advisor contractually agreed to reduce its management fee, or if necessary, make a payment to Lifestyle Growth Portfolio Series I shares in an amount equal to the amount by which expenses of the portfolio's Series I shares exceeded 0.92% of average daily net assets attributable to the class.

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Fees and transactions with affiliates, continued &nbsp;&nbsp;&nbsp;&nbsp; The Advisor has contractually agreed to waive its management fee for Small Cap Opportunities Trust so that the amount retained by the Advisor after the payment of subadvisory fees does not exceed 0.45% of the portfolio's average daily net assets. The expense reimbursements will remain in effect until April 30, 2026, unless renewed by mutual agreement of the portfolio and the Advisor based upon a determination that this is appropriate under the circumstances at that time and may be terminated at any time thereafter.**

The Advisor has contractually agreed to waive its management fee for Mid Cap Index Trust and Small Cap Index Trust by 0.10% and 0.05% of the portfolios' average net assets, respectively. The expense limitation agreements expire on April 30, 2026, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.

The Advisor contractually agreed to reduce its management fee or, if necessary, make payment to Fundamental Large Cap Value Trust Series I shares in an amount equal to the amount by which expenses of the portfolio's Series I shares exceeded 0.88% of average daily net assets attributable to the class. This waiver included all expenses of the class (including fund expenses attributable to the class), excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, underlying fund expenses (acquired fund fees), and short dividend expense. This agreement expired on April 30, 2025.

The Advisor contractually agreed to reduce its management fee or, if necessary, make payment to Small Cap Index Trust Series I and Series NAV shares in an amount equal to the amount by which expenses of the portfolio's Series I and Series NAV shares exceeded 0.70% of average daily net assets attributable to the class. This waiver included all expenses of the class (including fund expenses attributable to the class), excluding taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, underlying fund expenses (acquired fund fees), and short dividend expense. This agreement expired on April 30, 2025.

The Advisor has voluntarily agreed to reduce its management fee for portfolios that are subadvised by T. Rowe Price Associates, Inc. by the amount that the subadvisory fee is reduced pursuant to the subadvisory agreement with T. Rowe Price. This waiver impacts Blue Chip Growth Trust, Capital Appreciation Value Trust, Equity Income Trust, Health Sciences Trust, Mid Value Trust, Science & Technology Trust and Small Company Value Trust. This waiver may be terminated at any time by the Advisor.

The Advisor has voluntarily agreed to waive its management fee for Strategic Equity Allocation Trust so that the amount retained by the Advisor after payment of the sub-advisory fee does not exceed 0.45% of the portfolio's average net assets. This voluntary management fee waiver may be terminated at any time by the Advisor upon notice to the Trust.

The Advisor has voluntarily agreed to waive its management fee for Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, and Lifestyle Moderate Portfolio (after giving effect to asset-based breakpoints) by 0.005% of the portfolios' average daily net assets. This waiver may be terminated at any time by the Advisor upon notice to the Trust.

The Advisor has voluntarily agreed to waive its management fee for each Lifestyle Portfolio so that the aggregate management fee retained by the Advisor with respect to both the Lifestyle Portfolio and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the Lifestyle Portfolios' first $7.5 billion of average net assets and 0.49% of the Lifestyle Portfolios' average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary waiver at any time.

The Advisor has voluntarily agreed to reduce the advisory fee that would be payable by Fundamental Large Cap Value Trust and Total Stock Market Index Trust (after giving effect to asset-based breakpoints) by 0.003% and 0.07% of the portfolios' average daily net assets, respectively. This voluntary advisory fee waiver may be terminated at any time by the Advisor upon notice to the Trust.

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[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Fees and transactions with affiliates, continued &nbsp;&nbsp;&nbsp;&nbsp; For the year ended December 31, 2025, the waivers under these agreements amounted to:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Expense reimbursement by class** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series I** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series II** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series III** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series NAV** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$19730484 | &nbsp;&nbsp;&nbsp;&nbsp;$235631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$8888856 | &nbsp;&nbsp;&nbsp;&nbsp;$28854971 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60119 | &nbsp;&nbsp;&nbsp;&nbsp;$9001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103521 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17274 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91217 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36100 | &nbsp;&nbsp;&nbsp;&nbsp;15216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84222 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31867 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781183 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239416 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21311 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26026 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314715 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12980 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227919 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100735 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25609 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117905 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2039237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3163289 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8992 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49002 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67258 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254687 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58590 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55132 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1292885 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314491 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24905 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687771 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30787 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312941 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14576 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22977 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90213 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758559 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846033 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60674 |

---

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 the portfolios' average daily net assets as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Annual Effective Rate** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.20% |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.00%\* |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.00%\* |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.00%\* |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.00%\* |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.00%\* |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.68% |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.78% |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.75% |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.66% |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.65% |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.78% |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.66% |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.67% |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.79% |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.80% |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.22% |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.79% |

---

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net Annual Effective Rate** |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;0.04% |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;0.00% |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;0.04% |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;0.02% |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.83% |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.36% |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.81% |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.69% |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.88% |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.86% |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.42% |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.72% |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;1.00% |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.98% |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.49% |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.39% |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;0.60% |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Fees and transactions with affiliates, continued &nbsp;&nbsp;&nbsp;&nbsp;
\* The JHVIT Feeder Funds do not incur investment advisory fees. Investment advisory fees are incurred by the master fund. For more information on these portfolios, see Note 1.

**Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended December 31, 2025, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.**

**Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares.**

For all portfolios, except the JHVIT Feeder Funds, Rule 12b-1 maximum fee rates are as follows:

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rule 12b-1 Fee** |
| Series I | &nbsp;&nbsp;&nbsp;&nbsp;0.15% |
| Series II | &nbsp;&nbsp;&nbsp;&nbsp;0.35% |

---

Currently, only 0.05% for Series I shares and 0.25% for Series II shares are charged for Rule 12b-1 fees.

For the JHVIT Feeder Funds, Rule 12b-1 maximum fee rates are as follows:

---

| | |
|:---|:---|
| **Class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rule 12b-1 Fee** |
| Series I | &nbsp;&nbsp;&nbsp;&nbsp;0.60% |
| Series II | &nbsp;&nbsp;&nbsp;&nbsp;0.75% |
| Series III | &nbsp;&nbsp;&nbsp;&nbsp;0.25% |

---

Distribution and service fees for the year ended December 31, 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Distribution and service fees by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Distribution and service fees by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Distribution and service fees by class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Distribution and service fees by class** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series l** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series ll** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series lll** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;$3847855 | &nbsp;&nbsp;&nbsp;&nbsp;$229887 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$4077742 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2375906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5198855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7834153 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268948 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2291062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4326978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6844755 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2271257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3118406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5828069 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1527204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413124 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455839 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;572512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577027 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59126 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153752 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348297 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85776 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176435 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595897 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160601 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122686 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225931 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44857 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1835907 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336623 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10533030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10632072 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523529 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219681 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541214 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236015 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76297 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576479 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94683 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233190 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104121 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68800 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86634 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399524 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278211 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

**Fees and transactions with affiliates, continued &nbsp;&nbsp;&nbsp;&nbsp; The Distributor voluntarily agreed to waive 0.06%, 0.08%, 0.09%, 0.07% and 0.05% of its Rule 12b-1 fee for Series II of American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust and American International Trust, respectively.**

For the year ended December 31, 2025, the waivers under these agreements amounted to:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Series ll** |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;$415908 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89791 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519237 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291051 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101814 |

---

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

**Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the portfolios, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the portfolios to borrow from, or lend money to, other participating affiliated funds. At period end, open loans, if any, are presented under the caption Interfund lending receivable/payable in the Statements of assets and liabilities. Interest expense is included in Other expenses on the Statements of operations. The portfolios' activity in this program during the period for which loans were outstanding was as follows:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Borrower<br> or Lender** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted Average<br> Loan Balance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Days<br> Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Weighted Average<br> Interest Rate** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Interest Income<br> (Expense)** |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;$7000000 | &nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;4.836% | &nbsp;&nbsp;&nbsp;&nbsp;$1881 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12450000 | &nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;4.833% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3343 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3950000 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;4.830% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2120 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.855% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(364) |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700000 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;4.837% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3789 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4433333 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;4.568% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1688 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.895% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(286) |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5385714 | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;4.441% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4651 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4425000 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;4.784% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4704 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17150000 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;4.809% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13746 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.825% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2875000 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;4.856% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10600000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.820% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1419 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27500000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.815% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3678) |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4120000 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;4.836% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2767 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1900000 | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;4.805% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12900000 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;4.810% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5171) |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;Lender | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7120000 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;4.814% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4761 |

---

6. Portfolio share transactions

Transactions in portfolios' shares for the years ended December 31, 2025 and 2024 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **500 Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4945978 | &nbsp;&nbsp;&nbsp;&nbsp;$307900594 | &nbsp;&nbsp;&nbsp;&nbsp;8384294 | &nbsp;&nbsp;&nbsp;&nbsp;$473404375 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3075749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210411957 | &nbsp;&nbsp;&nbsp;&nbsp;2609878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156436116 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(9515974) | &nbsp;&nbsp;&nbsp;&nbsp;(617317936) | &nbsp;&nbsp;&nbsp;&nbsp;(6310670) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(356168087) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1494247)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(99005385)** | &nbsp;&nbsp;&nbsp;&nbsp;**4683502** | &nbsp;&nbsp;&nbsp;&nbsp;**$273672404** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Portfolio share transactions, continued &nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **500 Index Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6005565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7379004 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1833633 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(257688) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16539796) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(283895) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15934639) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(132064)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(8248675)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(123312)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6722002)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;3257519 | &nbsp;&nbsp;&nbsp;&nbsp;$209060304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$90754653 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1422177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97305316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1194680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71609133 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3604513) | &nbsp;&nbsp;&nbsp;&nbsp;(231047742) | &nbsp;&nbsp;&nbsp;&nbsp;(4279727) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(241022564) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1075183** | &nbsp;&nbsp;&nbsp;&nbsp;**$75317878** | &nbsp;&nbsp;&nbsp;&nbsp;**(1517416)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(78658778)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(551128)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(31936182)** | &nbsp;&nbsp;&nbsp;&nbsp;**3042774** | &nbsp;&nbsp;&nbsp;&nbsp;**$188291624** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American Asset Allocation Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8842854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9477426 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3700879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38431566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2851442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28415938 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2500685) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25793887) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2492843) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24627130) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**2031839** | &nbsp;&nbsp;&nbsp;&nbsp;**$21480533** | &nbsp;&nbsp;&nbsp;&nbsp;**1310717** | &nbsp;&nbsp;&nbsp;&nbsp;**$13266234** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$47129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$349440 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6091661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63270259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5293839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52721639 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(10415989) | &nbsp;&nbsp;&nbsp;&nbsp;(107732517) | &nbsp;&nbsp;&nbsp;&nbsp;(11101499) | &nbsp;&nbsp;&nbsp;&nbsp;(109971187) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(4319603)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(44415129)** | &nbsp;&nbsp;&nbsp;&nbsp;**(5772425)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(56900108)** |
| **Series III shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$147333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$417822 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10363049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8159908 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1352606) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14078202) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1658479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16450126) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(342350)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3567820)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(798466)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(7872396)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2630114)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(26502416)** | &nbsp;&nbsp;&nbsp;&nbsp;**(5260174)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(51506270)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American Global Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5044432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4614991 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5629181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6635654 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(642065) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9637859) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(344293) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5242954) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46113** | &nbsp;&nbsp;&nbsp;&nbsp;**$1035754** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**398831** | &nbsp;&nbsp;&nbsp;&nbsp;**$6007691** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2106194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$514887 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10122611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12895863 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1294290) | &nbsp;&nbsp;&nbsp;&nbsp;(19997059) | &nbsp;&nbsp;&nbsp;&nbsp;(1374079) | &nbsp;&nbsp;&nbsp;&nbsp;(21160262) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(505559)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(7768254)** | &nbsp;&nbsp;&nbsp;&nbsp;**(463132)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(7749512)** |
| **Series III shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$392349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$962730 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2520903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3080831 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(336535) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5271702) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(307313) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4817381) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(151300)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2358450)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(39278)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(773820)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(610746)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(9090950)** | &nbsp;&nbsp;&nbsp;&nbsp;**(103579)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2515641)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1951121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38258084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1675605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29392860 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1658143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34155363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27039941 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2162265) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43094136) | &nbsp;&nbsp;&nbsp;&nbsp;(1691297) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29171742) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**1446999** | &nbsp;&nbsp;&nbsp;&nbsp;**$29319311** | &nbsp;&nbsp;&nbsp;&nbsp;**1519775** | &nbsp;&nbsp;&nbsp;&nbsp;**$27261059** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13140725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2461785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49529542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2815704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$48542734 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(5577664) | &nbsp;&nbsp;&nbsp;&nbsp;(108101964) | &nbsp;&nbsp;&nbsp;&nbsp;(7081716) | &nbsp;&nbsp;&nbsp;&nbsp;(122562046) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2352592)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(45431697)** | &nbsp;&nbsp;&nbsp;&nbsp;**(4266012)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(74019312)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American Growth Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series III shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3324461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20618 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7910445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7666292 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(992667) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19795895) | &nbsp;&nbsp;&nbsp;&nbsp;(1148314) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20309572) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(417055)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(8560989)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(710972)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(12622662)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1322648)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(24673375)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3457209)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(59380915)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American Growth-Income Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8517623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13818728 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;2319288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43989848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1491452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26662119 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1802525) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33818700) | &nbsp;&nbsp;&nbsp;&nbsp;(1947640) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33626790) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**954597** | &nbsp;&nbsp;&nbsp;&nbsp;**$18688771** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**336775** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$6854057** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2535908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$102284 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;2487533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46758053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1743009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30911701 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3429301) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64883948) | &nbsp;&nbsp;&nbsp;&nbsp;(4726972) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82919617) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(796065)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(15589987)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2978534)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(51905632)** |
| **Series III shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2865432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18781 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1073678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20347813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13917294 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1779499) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33908885) | &nbsp;&nbsp;&nbsp;&nbsp;(2103856) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37264268) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(541862)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10695640)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1324805)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(23328193)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(383330)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(7596856)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3966564)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(68379768)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **American International Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13161706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7671700 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1246188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1114114 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(818081) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13641329) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(702444) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10718673) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**56525** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$766565** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(132872)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1932859)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$549530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13623007 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1544898 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2475214) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41054052) | &nbsp;&nbsp;&nbsp;&nbsp;(2094521) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32206013) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2363318)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(39026404)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1078405)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(17038108)** |
| **Series III shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1607981 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318581 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(355247) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5927635) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(275978) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4239419) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(335361)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(5563992)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(146116)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(2312857)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2642154)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(43823831)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1357393)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(21283824)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Blue Chip Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65408 | &nbsp;&nbsp;&nbsp;&nbsp;$2254962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4764620 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1505722 | &nbsp;&nbsp;&nbsp;&nbsp;51179495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28549482 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1509865) | &nbsp;&nbsp;&nbsp;&nbsp;(52374732) | &nbsp;&nbsp;&nbsp;&nbsp;(1641543) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52143361) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**61265** | &nbsp;&nbsp;&nbsp;&nbsp;**$1059725** | &nbsp;&nbsp;&nbsp;&nbsp;**(608240)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(18829259)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103690 | &nbsp;&nbsp;&nbsp;&nbsp;$3181619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3102507 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574842 | &nbsp;&nbsp;&nbsp;&nbsp;17567177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10037709 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(678329) | &nbsp;&nbsp;&nbsp;&nbsp;(21469792) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(789675) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23095148) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**203** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(720996)** | &nbsp;&nbsp;&nbsp;&nbsp;**(344412)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(9954932)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Blue Chip Growth Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320866 | &nbsp;&nbsp;&nbsp;&nbsp;$10734350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22134241 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;6838098 | &nbsp;&nbsp;&nbsp;&nbsp;233931340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3976948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129489442 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(5204935) | &nbsp;&nbsp;&nbsp;&nbsp;(184200331) | &nbsp;&nbsp;&nbsp;&nbsp;(8147652) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(262943581) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1954029** | &nbsp;&nbsp;&nbsp;&nbsp;**$60465359** | &nbsp;&nbsp;&nbsp;&nbsp;**(3514938)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(111319898)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**2015497** | &nbsp;&nbsp;&nbsp;&nbsp;**$60804088** | &nbsp;&nbsp;&nbsp;&nbsp;**(4467590)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(140104089)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Capital Appreciation Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2931601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$595140 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1170231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131612 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(77255) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(947357) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(81707) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(953856) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**254682** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$3154475** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(18797)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(227104)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1051831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$360179 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;2247353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26765969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3736654 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3097357) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38370517) | &nbsp;&nbsp;&nbsp;&nbsp;(3094012) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36216971) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(765847)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10552717)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2752995)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(32120138)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1276647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15891486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9087897 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;2530613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30291441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4011981 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1480039) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18521097) | &nbsp;&nbsp;&nbsp;&nbsp;(1587288) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18170583) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**2327221** | &nbsp;&nbsp;&nbsp;&nbsp;**$27661830** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(488010)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(5070705)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1816056** | &nbsp;&nbsp;&nbsp;&nbsp;**$20263588** | &nbsp;&nbsp;&nbsp;&nbsp;**(3259802)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(37417947)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Disciplined Value Emerging Markets Equity Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$574857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1406280 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238617 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(138412) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1467489) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1567902) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(77256)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(819561)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10434** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$76995** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2077887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1054225 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;862538 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(532885) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5819019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(531196) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5394564) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(320385)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3511915)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(337639)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3477801)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9785602 | &nbsp;&nbsp;&nbsp;&nbsp;1878716 | &nbsp;&nbsp;&nbsp;&nbsp;$18731875 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2783076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8282745 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1922819) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20755594) | &nbsp;&nbsp;&nbsp;&nbsp;(1149558) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11798096) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(754232)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(8186916)** | &nbsp;&nbsp;&nbsp;&nbsp;**1565799** | &nbsp;&nbsp;&nbsp;&nbsp;**$15216524** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1151873)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(12518392)** | &nbsp;&nbsp;&nbsp;&nbsp;**1238594** | &nbsp;&nbsp;&nbsp;&nbsp;**$11815718** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Disciplined Value International Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3251963 | &nbsp;&nbsp;&nbsp;&nbsp;186667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2828028 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7243536 | &nbsp;&nbsp;&nbsp;&nbsp;448111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6824735 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(866346) | &nbsp;&nbsp;&nbsp;&nbsp;(14662817) | &nbsp;&nbsp;&nbsp;&nbsp;(709305) | &nbsp;&nbsp;&nbsp;&nbsp;(11352501) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(252442)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(4167318)** | &nbsp;&nbsp;&nbsp;&nbsp;**(74527)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1699738)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3077478 | &nbsp;&nbsp;&nbsp;&nbsp;102001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1466162 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4176788 | &nbsp;&nbsp;&nbsp;&nbsp;257666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3921669 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(509318) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8556063) | &nbsp;&nbsp;&nbsp;&nbsp;(387886) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6242472) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(82722)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1301797)** | &nbsp;&nbsp;&nbsp;&nbsp;**(28219)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(854641)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Disciplined Value International Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1615455 | &nbsp;&nbsp;&nbsp;&nbsp;$27991818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735576 | &nbsp;&nbsp;&nbsp;&nbsp;$11372173 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1015561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17335633 | &nbsp;&nbsp;&nbsp;&nbsp;1039525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15676041 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2129043) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32661133) | &nbsp;&nbsp;&nbsp;&nbsp;(978313) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15584957) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**501973** | &nbsp;&nbsp;&nbsp;&nbsp;**$12666318** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**796788** | &nbsp;&nbsp;&nbsp;&nbsp;**$11463257** |
| **Total net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**166809** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$7197203** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**694042** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8908878** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Equity Income Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$636650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1844647 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3043227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38740277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;908626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13247765 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1886087) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27227354) | &nbsp;&nbsp;&nbsp;&nbsp;(2021644) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29174313) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1201516** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$12149573** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(983801)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(14081901)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$652223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$900896 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1429477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17982821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6167507 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1166092) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16470027) | &nbsp;&nbsp;&nbsp;&nbsp;(1368923) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19532840) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**308529** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$2165017** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(877869)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(12464437)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1861055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26118354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10067320 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7983293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100509662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4616111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66656647 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(42614804) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(625009602) | &nbsp;&nbsp;&nbsp;&nbsp;(9844173) | &nbsp;&nbsp;&nbsp;&nbsp;(140863231) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(32770456)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(498381586)** | &nbsp;&nbsp;&nbsp;&nbsp;**(4533291)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(64139264)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(31260411)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(484066996)** | &nbsp;&nbsp;&nbsp;&nbsp;**(6394961)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(90685602)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Industries Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11112229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937480 | &nbsp;&nbsp;&nbsp;&nbsp;$12669196 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5025133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840158 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1924254) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27691564) | &nbsp;&nbsp;&nbsp;&nbsp;(1324366) | &nbsp;&nbsp;&nbsp;&nbsp;(16006452) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(808202)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(11554202)** | &nbsp;&nbsp;&nbsp;&nbsp;**(325561)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2497098)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4511880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1384363 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1045059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129808 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(265848) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3766803) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(305293) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3754612) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**124200** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1790136** | &nbsp;&nbsp;&nbsp;&nbsp;**(188004)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2240441)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1854228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1420794 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1876261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307177 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222258) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3226897) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(310143) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3870077) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42370** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$503592** | &nbsp;&nbsp;&nbsp;&nbsp;**(175732)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2142106)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(641632)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(9260474)** | &nbsp;&nbsp;&nbsp;&nbsp;**(689297)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(6879645)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fundamental All Cap Core Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1683986 | &nbsp;&nbsp;&nbsp;&nbsp;$55115955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379459 | &nbsp;&nbsp;&nbsp;&nbsp;$12074194 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15878010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10032913 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1147373) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36513015) | &nbsp;&nbsp;&nbsp;&nbsp;(860768) | &nbsp;&nbsp;&nbsp;&nbsp;(27371542) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1052468** | &nbsp;&nbsp;&nbsp;&nbsp;**$34480950** | &nbsp;&nbsp;&nbsp;&nbsp;**(166106)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(5264435)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1317575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2588516 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5026262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4539165 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(340621) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10708627) | &nbsp;&nbsp;&nbsp;&nbsp;(335029) | &nbsp;&nbsp;&nbsp;&nbsp;(10646423) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(132285)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(4364790)** | &nbsp;&nbsp;&nbsp;&nbsp;**(110931)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3518742)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fundamental All Cap Core Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1935167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938598 | &nbsp;&nbsp;&nbsp;&nbsp;$28458273 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;8476056 | &nbsp;&nbsp;&nbsp;&nbsp;263774847 | &nbsp;&nbsp;&nbsp;&nbsp;6706980 | &nbsp;&nbsp;&nbsp;&nbsp;215562330 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(6452344) | &nbsp;&nbsp;&nbsp;&nbsp;(203845454) | &nbsp;&nbsp;&nbsp;&nbsp;(6103259) | &nbsp;&nbsp;&nbsp;&nbsp;(196119068) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**2086871** | &nbsp;&nbsp;&nbsp;&nbsp;**$61864560** | &nbsp;&nbsp;&nbsp;&nbsp;**1542319** | &nbsp;&nbsp;&nbsp;&nbsp;**$47901535** |
| **Total net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**3007054** | &nbsp;&nbsp;&nbsp;&nbsp;**$91980720** | &nbsp;&nbsp;&nbsp;&nbsp;**1265282** | &nbsp;&nbsp;&nbsp;&nbsp;**$39118358** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fundamental Large Cap Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5830488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6523263 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;2358026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62841383 | &nbsp;&nbsp;&nbsp;&nbsp;1761708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47936072 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2481831) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67885647) | &nbsp;&nbsp;&nbsp;&nbsp;(2335698) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64950107) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**87144** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$786224** | &nbsp;&nbsp;&nbsp;&nbsp;**(336605)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10490772)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1072276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$462343 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;722657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19504503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15117520 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(849457) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23746391) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(914578) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25700229) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(86077)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3169612)** | &nbsp;&nbsp;&nbsp;&nbsp;**(348735)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10120366)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506069 | &nbsp;&nbsp;&nbsp;&nbsp;$13756497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21901898 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1086328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28983225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21177077 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1208722) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31907125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(612155) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17156454) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**383675** | &nbsp;&nbsp;&nbsp;&nbsp;**$10832597** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**943748** | &nbsp;&nbsp;&nbsp;&nbsp;**$25922521** |
| **Total net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**384742** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$8449209** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**258408** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$5311383** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Global Equity Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1790161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6552659 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1135108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26448014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13714332 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1580785) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38392857) | &nbsp;&nbsp;&nbsp;&nbsp;(1445808) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34990055) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(375952)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10154682)** | &nbsp;&nbsp;&nbsp;&nbsp;**(591951)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(14723064)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$552806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$330594 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2456749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1271106 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(168479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4089568) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(149838) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3583631) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(37958)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1080013)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(82183)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1981931)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2739888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1499358 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7073391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3325027 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(216299) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5200019) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100177) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2439039) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**197560** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$4613260** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**101734** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$2385346** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(216350)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6621435)** | &nbsp;&nbsp;&nbsp;&nbsp;**(572400)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(14319649)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Health Sciences Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1128835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1203800 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5684209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3481776 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(449824) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9947677) | &nbsp;&nbsp;&nbsp;&nbsp;(526317) | &nbsp;&nbsp;&nbsp;&nbsp;(13137283) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(131599)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3134633)** | &nbsp;&nbsp;&nbsp;&nbsp;**(334371)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(8451707)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1541181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1654403 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6562769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3641274 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(484799) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9065363) | &nbsp;&nbsp;&nbsp;&nbsp;(506595) | &nbsp;&nbsp;&nbsp;&nbsp;(10857542) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(30972)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(961413)** | &nbsp;&nbsp;&nbsp;&nbsp;**(251285)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(5561865)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Health Sciences Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;282706 | &nbsp;&nbsp;&nbsp;&nbsp;$6425487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4993881 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;849278 | &nbsp;&nbsp;&nbsp;&nbsp;18701101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10226623 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(891846) | &nbsp;&nbsp;&nbsp;&nbsp;(20277408) | &nbsp;&nbsp;&nbsp;&nbsp;(694508) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17636643) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**240138** | &nbsp;&nbsp;&nbsp;&nbsp;**$4849180** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(88744)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(2416139)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**77567** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$753134** | &nbsp;&nbsp;&nbsp;&nbsp;**(674400)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(16429711)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **International Equity Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1683211 | &nbsp;&nbsp;&nbsp;&nbsp;$37274945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16298096 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8212024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5104125 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1872949) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41482543) | &nbsp;&nbsp;&nbsp;&nbsp;(2616198) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50126116) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**154149** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$4004426** | &nbsp;&nbsp;&nbsp;&nbsp;**(1508472)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(28723895)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1028631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2066511 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254350 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(171485) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3789924) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(246409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4779602) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(108364)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2375593)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(127715)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(2458741)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;3651252 | &nbsp;&nbsp;&nbsp;&nbsp;$74714516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2674644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$51174134 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15806734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9804159 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3277035) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(71475980) | &nbsp;&nbsp;&nbsp;&nbsp;(2334575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44685997) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**1036418** | &nbsp;&nbsp;&nbsp;&nbsp;**$19045270** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**834979** | &nbsp;&nbsp;&nbsp;&nbsp;**$16292296** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1082203** | &nbsp;&nbsp;&nbsp;&nbsp;**$20674103** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(801208)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(14890340)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **International Small Company Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1994109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1188355 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1265125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634624 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(305260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4563700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(230868) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3025011) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(90538)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1304466)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(90476)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1202032)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3000262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$904297 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403121 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(210942) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3122455) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(142431) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1870374) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47289** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$771962** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(41743)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(562956)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4787920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4901671 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4506107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2324209 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1000806) | &nbsp;&nbsp;&nbsp;&nbsp;(14218962) | &nbsp;&nbsp;&nbsp;&nbsp;(1287528) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16926267) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(393847)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(4924935)** | &nbsp;&nbsp;&nbsp;&nbsp;**(732210)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(9700387)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(437096)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(5457439)** | &nbsp;&nbsp;&nbsp;&nbsp;**(864429)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(11465375)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Balanced Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2052964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1347557 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2937784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811123 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(524291) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7203829) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(410669) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5463235) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(164730)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(2213081)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(174052)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(2304555)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11284711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16245296 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4053240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56545784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2663188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35495359 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(8034848) | &nbsp;&nbsp;&nbsp;&nbsp;(109865002) | &nbsp;&nbsp;&nbsp;&nbsp;(8676513) | &nbsp;&nbsp;&nbsp;&nbsp;(115252032) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(3151547)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(42034507)** | &nbsp;&nbsp;&nbsp;&nbsp;**(4789755)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(63511377)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Balanced Portfolio, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1058504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15043323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3680614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$49373633 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1354033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18790756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9317113 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1168228) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15701957) | &nbsp;&nbsp;&nbsp;&nbsp;(1001904) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13441220) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**1244309** | &nbsp;&nbsp;&nbsp;&nbsp;**$18132122** | &nbsp;&nbsp;&nbsp;&nbsp;**3381493** | &nbsp;&nbsp;&nbsp;&nbsp;**$45249526** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2071968)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(26115466)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1582314)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(20566406)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Conservative Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1968704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1802188 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424087 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(277498) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3218426) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(240048) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2752969) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(68466)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(770471)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(48076)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(526694)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5986823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9340289 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4384007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4244584 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2106082) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24806338) | &nbsp;&nbsp;&nbsp;&nbsp;(2189706) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25026191) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1234870)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(14435508)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1009630)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(11441318)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1114953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$891627 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250333 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(170682) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1976870) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47868) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(538169) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(50730)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(581917)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**51893** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$603791** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1354066)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(15787896)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1005813)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(11364221)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Growth Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1174208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1748582 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1346490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19697279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;831500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11663304 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2222865) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32554901) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1847756) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25830185) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(794081)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(11683414)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(891400)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(12418299)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5217497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7158573 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27825219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407797112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17219933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241799171 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(42313657) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(614959615) | &nbsp;&nbsp;&nbsp;&nbsp;(44754393) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(625594973) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(14126593)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(201945006)** | &nbsp;&nbsp;&nbsp;&nbsp;**(27028623)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(376637229)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11868884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20809825 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4933314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72104440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2703100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37898081 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1972764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28484858) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1578850) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22019651) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3773889** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$55488466** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2625495** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$36688255** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(11146785)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(158139954)** | &nbsp;&nbsp;&nbsp;&nbsp;**(25294528)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(352367273)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Moderate Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$495780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$226844 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567581 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(163379) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2090661) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(118700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1469755) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(71257)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(890743)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(55152)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(675330)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6374943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6462913 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11424023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9454027 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2442046) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31523864) | &nbsp;&nbsp;&nbsp;&nbsp;(3540483) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(44272533) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1081485)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(13724898)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2271258)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(28355593)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Lifestyle Moderate Portfolio, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4319106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2873697 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3074024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2216112 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(481848) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6190407) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(324125) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4101033) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**85584** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1202723** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**81363** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$988776** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1067158)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(13412918)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2245047)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(28042147)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Mid Cap Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5445893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1816143 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2083941) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22778120) | &nbsp;&nbsp;&nbsp;&nbsp;(2512721) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23958896) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1589220)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(17332227)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2314301)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(22142753)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1338285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1015056 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1245458) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10614230) | &nbsp;&nbsp;&nbsp;&nbsp;(1842868) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13842396) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1094993)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(9275945)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1707443)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(12827340)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2674151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30263558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1544466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16534378 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(5737613) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66820952) | &nbsp;&nbsp;&nbsp;&nbsp;(7108134) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73284409) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(3063462)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(36557394)** | &nbsp;&nbsp;&nbsp;&nbsp;**(5563668)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(56750031)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(5747675)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(63165566)** | &nbsp;&nbsp;&nbsp;&nbsp;**(9585412)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(91720124)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Mid Cap Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10968587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13470128 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3269066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67538904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39581057 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(6797333) | &nbsp;&nbsp;&nbsp;&nbsp;(143703211) | &nbsp;&nbsp;&nbsp;&nbsp;(5832724) | &nbsp;&nbsp;&nbsp;&nbsp;(122967094) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(3004567)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(65195720)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3346044)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(69915909)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$449853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$446100 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4197924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2396749 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(467179) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9716777) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(394798) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8221346) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(240871)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(5069000)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(259783)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(5378497)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24178825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$19977576 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25837606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13592425 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1419690) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30224325) | &nbsp;&nbsp;&nbsp;&nbsp;(1250240) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26205190) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**989814** | &nbsp;&nbsp;&nbsp;&nbsp;**$19792106** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**326043** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$7364811** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2255624)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(50472614)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3279784)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(67929595)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Mid Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7391196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11021747 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;4542693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41929061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13276901 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(4406458) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45292608) | &nbsp;&nbsp;&nbsp;&nbsp;(3524593) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38079602) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**871938** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$4027649** | &nbsp;&nbsp;&nbsp;&nbsp;**(1270503)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(13780954)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1316224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1043416 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9044402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2802300 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(821865) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8470497) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(931820) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9983806) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**290299** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$1890129** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(579067)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6138090)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1021755 | &nbsp;&nbsp;&nbsp;&nbsp;$10013159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3241409 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;6651274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60526597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1721716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18577319 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3954792) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40458313) | &nbsp;&nbsp;&nbsp;&nbsp;(5179827) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55280171) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**3718237** | &nbsp;&nbsp;&nbsp;&nbsp;**$30081443** | &nbsp;&nbsp;&nbsp;&nbsp;**(3162208)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(33461443)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**4880474** | &nbsp;&nbsp;&nbsp;&nbsp;**$35999221** | &nbsp;&nbsp;&nbsp;&nbsp;**(5011778)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(53380487)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Real Estate Securities Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$954247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1216229 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044208 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(376510) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7590280) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(437749) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8615342) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(289032)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(5809015)** | &nbsp;&nbsp;&nbsp;&nbsp;**(327664)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6354905)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$431772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$688552 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454334 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(181749) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3666869) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(259109) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5097765) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(143106)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2883025)** | &nbsp;&nbsp;&nbsp;&nbsp;**(201828)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3954879)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1219874 | &nbsp;&nbsp;&nbsp;&nbsp;$24501099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9129418 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4345622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4836202 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1072455) | &nbsp;&nbsp;&nbsp;&nbsp;(21559027) | &nbsp;&nbsp;&nbsp;&nbsp;(1060307) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20711951) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**361384** | &nbsp;&nbsp;&nbsp;&nbsp;**$7287694** | &nbsp;&nbsp;&nbsp;&nbsp;**(362369)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6746331)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(70754)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1404346)** | &nbsp;&nbsp;&nbsp;&nbsp;**(891861)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(17056115)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Science & Technology Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1484662 | &nbsp;&nbsp;&nbsp;&nbsp;$37195902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1735326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36824590 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;6745683 | &nbsp;&nbsp;&nbsp;&nbsp;170261047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(7451516) | &nbsp;&nbsp;&nbsp;&nbsp;(185857129) | &nbsp;&nbsp;&nbsp;&nbsp;(6204273) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(131950402) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**778829** | &nbsp;&nbsp;&nbsp;&nbsp;**$21599820** | &nbsp;&nbsp;&nbsp;&nbsp;**(4468947)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(95125812)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3911875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2408896 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15395106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(721119) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14457053) | &nbsp;&nbsp;&nbsp;&nbsp;(1041677) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19242596) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**251382** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$4849928** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(909893)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(16833700)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611526 | &nbsp;&nbsp;&nbsp;&nbsp;$15894229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12084642 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;1471130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39132051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1342170) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34998763) | &nbsp;&nbsp;&nbsp;&nbsp;(1432610) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32340702) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**740486** | &nbsp;&nbsp;&nbsp;&nbsp;**$20027517** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(901160)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(20256060)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1770697** | &nbsp;&nbsp;&nbsp;&nbsp;**$46477265** | &nbsp;&nbsp;&nbsp;&nbsp;**(6280000)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(132215572)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Core Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3558349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4282408 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11260395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7781731 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1637717) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21331251) | &nbsp;&nbsp;&nbsp;&nbsp;(1540850) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21617950) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(429279)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(6512507)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(678144)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(9553811)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$456792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$739414 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1660344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1101472 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(231566) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2978187) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(241496) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3357798) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(57360)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(861051)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(109470)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(1516912)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10376883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11247881 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18476608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1397720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19274555 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(10205020) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(123586713) | &nbsp;&nbsp;&nbsp;&nbsp;(2728344) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38847853) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(7869041)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(94733222)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(516488)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(8325417)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(8355680)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(102106780)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1304102)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(19396140)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14274629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21800440 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24798040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9978020 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(4347616) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(61531832) | &nbsp;&nbsp;&nbsp;&nbsp;(4266974) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58324678) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1651463)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(22459163)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1987939)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(26546218)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Index Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$408879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1829901 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1633726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665587 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(384206) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5363825) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(423593) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5657909) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(242356)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3321220)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(243467)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3162421)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;1216018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17099302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1313265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18221521 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11423248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3893643 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1063712) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14777288) | &nbsp;&nbsp;&nbsp;&nbsp;(2275900) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29973863) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**924669** | &nbsp;&nbsp;&nbsp;&nbsp;**$13745262** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(685705)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(7858699)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(969150)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(12035121)** | &nbsp;&nbsp;&nbsp;&nbsp;**(2917111)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(37567338)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Opportunities Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$864625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1996897 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;272277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7297018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5270646 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(322464) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8781977) | &nbsp;&nbsp;&nbsp;&nbsp;(362351) | &nbsp;&nbsp;&nbsp;&nbsp;(10193993) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(18075)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(620334)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(98423)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(2926450)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1132089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1303036 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2321299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1758771 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(194987) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5205185) | &nbsp;&nbsp;&nbsp;&nbsp;(176538) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4766646) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(60942)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1751797)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(62775)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1704839)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;445291 | &nbsp;&nbsp;&nbsp;&nbsp;$11876407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9806057 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;234001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6196349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3560035 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(170330) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4660510) | &nbsp;&nbsp;&nbsp;&nbsp;(543624) | &nbsp;&nbsp;&nbsp;&nbsp;(14735216) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**508962** | &nbsp;&nbsp;&nbsp;&nbsp;**$13412246** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(59773)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1369124)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**429945** | &nbsp;&nbsp;&nbsp;&nbsp;**$11040115** | &nbsp;&nbsp;&nbsp;&nbsp;**(220971)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(6000413)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Stock Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3831376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4538384 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(6965725) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45116496) | &nbsp;&nbsp;&nbsp;&nbsp;(2416705) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15101470) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(6368925)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(41260669)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1691792)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10563086)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$312104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$454214 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(690361) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3873966) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(771559) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4072299) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(635613)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3561862)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(688591)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3618085)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1309582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8821343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2975214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20890231 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2973267) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19999763) | &nbsp;&nbsp;&nbsp;&nbsp;(3751691) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24415896) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1633498)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(10958657)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(776477)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3525665)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(8638036)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(55781188)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3156860)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(17706836)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Company Value Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$292602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$397040 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3716576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1776252 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(464587) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4385496) | &nbsp;&nbsp;&nbsp;&nbsp;(728314) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6894122) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(29759)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(376318)** | &nbsp;&nbsp;&nbsp;&nbsp;**(501611)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(4720830)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$292467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$470602 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2736533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324580 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(510377) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4468788) | &nbsp;&nbsp;&nbsp;&nbsp;(646268) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5667834) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(155733)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(1439788)** | &nbsp;&nbsp;&nbsp;&nbsp;**(445036)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(3872652)** |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Company Value Trust, Cont'd** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;347579 | &nbsp;&nbsp;&nbsp;&nbsp;$3219653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2626211 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;647736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5907354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2602283 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(359142) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3430243) | &nbsp;&nbsp;&nbsp;&nbsp;(551849) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5329603) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**636173** | &nbsp;&nbsp;&nbsp;&nbsp;**$5696764** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2094** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(101109)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**450681** | &nbsp;&nbsp;&nbsp;&nbsp;**$3880658** | &nbsp;&nbsp;&nbsp;&nbsp;**(944553)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(8694591)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Strategic Equity Allocation Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18304145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13228257 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47922731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880819802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41555415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741764159 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(72265614) | &nbsp;&nbsp;&nbsp;&nbsp;(1362052851) | &nbsp;&nbsp;&nbsp;&nbsp;(71034339) | &nbsp;&nbsp;&nbsp;&nbsp;(1308378084) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(23350673)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(462928904)** | &nbsp;&nbsp;&nbsp;&nbsp;**(28740405)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(553385668)** |
| **Total net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(23350673)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(462928904)** | &nbsp;&nbsp;&nbsp;&nbsp;**(28740405)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(553385668)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Total Stock Market Index Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29302490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25844228 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15577101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24232404 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(3748493) | &nbsp;&nbsp;&nbsp;&nbsp;(114189538) | &nbsp;&nbsp;&nbsp;&nbsp;(2891298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78113277) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(2281348)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(69309947)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1096613)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(28036645)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$357825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2010641 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1277282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2042884 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(205335) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6039800) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(306200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8257215) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(153004)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(4404693)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(156817)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(4203690)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2310299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$65215284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3841476 | &nbsp;&nbsp;&nbsp;&nbsp;$100565956 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13752840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17350467 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(1281660) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38350329) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(509053) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14104285) |
| **Net increase** | &nbsp;&nbsp;&nbsp;&nbsp;**1456144** | &nbsp;&nbsp;&nbsp;&nbsp;**$40617795** | &nbsp;&nbsp;&nbsp;&nbsp;**3947034** | &nbsp;&nbsp;&nbsp;&nbsp;**$103812138** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(978208)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(33096845)** | &nbsp;&nbsp;&nbsp;&nbsp;**2693604** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$71571803** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. Growth Trust** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-25** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Ended 12-31-24** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** |
| **Series I shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1382023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3657952 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3739696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24195834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11800479 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(5050722) | &nbsp;&nbsp;&nbsp;&nbsp;(32062490) | &nbsp;&nbsp;&nbsp;&nbsp;(6091472) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35263310) |
| **Net decrease** | &nbsp;&nbsp;&nbsp;&nbsp;**(1081109)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(6484633)** | &nbsp;&nbsp;&nbsp;&nbsp;**(3421802)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(19804879)** |
| **Series II shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1205368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1253554 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1941528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9047521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4357515 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(2182608) | &nbsp;&nbsp;&nbsp;&nbsp;(10425878) | &nbsp;&nbsp;&nbsp;&nbsp;(3213465) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14096364) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5344** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(172989)** | &nbsp;&nbsp;&nbsp;&nbsp;**(1938514)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(8485295)** |
| **Series NAV shares** |  |  |  |  |
| Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3341399 | &nbsp;&nbsp;&nbsp;&nbsp;$21732068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2786607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16353521 |
| Distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6335071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41748119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3163894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18793533 |
| Repurchased | &nbsp;&nbsp;&nbsp;&nbsp;(8554638) | &nbsp;&nbsp;&nbsp;&nbsp;(56235042) | &nbsp;&nbsp;&nbsp;&nbsp;(6655273) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38210419) |
| **Net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;**1121832** | &nbsp;&nbsp;&nbsp;&nbsp;**$7245145** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(704772)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(3063365)** |
| **Total net increase (decrease)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46067** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$587523** | &nbsp;&nbsp;&nbsp;&nbsp;**(6065088)** | &nbsp;&nbsp;&nbsp;&nbsp;**$(31353539)** |

---

Affiliates of the Trust owned 100% of shares of the portfolios, with the exception of Disciplined Value Emerging Markets Equity Trust, Financial Industries Trust, Fundamental All Cap Core Trust and International Small Company Trust, where affiliates owned 99.41%, 65.98%, 99.64% and 55.67% of Series II shares, respectively, and Disciplined Value Emerging Markets Equity Trust, Disciplined Value International Trust, International Equity Index Trust and Real Estate Securities Trust, where affiliates owned 60.68%, 90.96%, 99.97% and 91.61% of Series NAV shares, respectively, on December 31, 2025. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

7. Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to the following for the year ended December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Sales** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Sales** |
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Other issuers** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. Government** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Other issuers** |
| 500 Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$270628996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$364146416 |
| American Asset Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113974741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150853139 |
| American Global Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31969556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33002869 |
| American Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119884982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157167613 |
| American Growth-Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178132834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131336190 |
| American International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13264673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56908516 |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381606632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626079632 |
| Capital Appreciation Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;$213849733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371216344 | &nbsp;&nbsp;&nbsp;&nbsp;$206787015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395756713 |
| Disciplined Value Emerging Markets Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463924411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466674035 |
| Disciplined Value International Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209729606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223616880 |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228614926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845344513 |
| Financial Industries Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102089386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116289714 |
| Fundamental All Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1040211634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1208352992 |
| Fundamental Large Cap Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120402123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230145261 |
| Global Equity Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123176063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156352336 |
| Health Sciences Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154813373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185626550 |
| International Equity Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55644992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43441240 |
| International Small Company Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14995207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23658024 |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118539711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141615726 |
| Lifestyle Conservative Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16820023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29471058 |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549477972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696356004 |
| Lifestyle Moderate Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27553523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36602949 |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897034064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969469222 |
| Mid Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157241190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297504963 |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321377963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386906952 |
| Real Estate Securities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;312411191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310908814 |
| Science & Technology Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2552101591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2741110297 |
| Small Cap Core Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474463270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605680227 |
| Small Cap Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62630739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108902068 |
| Small Cap Opportunities Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92045677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94618215 |
| Small Cap Stock Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186672757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249462565 |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48959124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54434307 |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342896520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1583706162 |
| Total Stock Market Index Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69591850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126482766 |
| U.S. Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878398982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952355293 |

---

8. Industry or sector risk

The portfolios may invest a large percentage of their assets in one or more particular industries or sectors of the economy. If a large percentage of a portfolio's assets are economically tied to a single or small number of industries or sectors of the economy, the portfolio will be less diversified than a more broadly diversified portfolio, and it may cause the portfolio to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the portfolio's NAV more volatile. Further, a portfolio that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors. Financial services companies can be hurt by economic declines, changes in interest rates, and regulatory and market impacts. Information technology companies can be significantly affected by rapid obsolescence, short product cycles, competition from new market entrants, and heightened cybersecurity risk, among other factors.

9. Investment in affiliated underlying funds

The Lifestyle Portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The Lifestyle Portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios' investment may represent a significant portion of each affiliated underlying funds' net assets. At December 31, 2025, the following portfolios held 5% or more of the net assets of the affiliated underlying funds shown below:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Affiliated Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Percentage of<br> underlying fund<br> net assets** |
| Lifestyle Balanced Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Select Bond Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2% |
| Lifestyle Growth Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;52.6% |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Select Bond Trust | &nbsp;&nbsp;&nbsp;&nbsp;27.0% |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** | **500 Index Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;24251914 | $358407091 | $797773483 | $(913568767) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$92578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(83388) | &nbsp;&nbsp;&nbsp;&nbsp;$10819693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$242620997 |
| **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** | **Blue Chip Growth Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;$14895000 | &nbsp;&nbsp;$(14895000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** | **Capital Appreciation Value Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$150947 | &nbsp;&nbsp;$75801561 | &nbsp;&nbsp;$(72772575) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(65) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3180226 |
| **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** | **Disciplined Value Emerging Markets Equity Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$3660691 | &nbsp;&nbsp;$63891461 | &nbsp;&nbsp;$(67552846) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$83748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** | **Disciplined Value International Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$153612 | &nbsp;&nbsp;$54334713 | &nbsp;&nbsp;$(49653643) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(542) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$47980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4834268 |
| **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** | **Equity Income Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;1513264 | &nbsp;&nbsp;&nbsp;$11923203 | &nbsp;&nbsp;$78420886 | &nbsp;&nbsp;$(75204669) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(409) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15138999 |
| **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** | **Financial Industries Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364473 | &nbsp;&nbsp;&nbsp;&nbsp;$2715316 | &nbsp;&nbsp;$69082428 | &nbsp;&nbsp;$(68152035) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$106322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3646260 |
| **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** | **Fundamental All Cap Core Trust** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;3434506 | &nbsp;&nbsp;&nbsp;$46468206 | $337612678 | $(349723162) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(473) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$853940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34359483 |
| **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** | **Fundamental Large Cap Value Trust** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;3151838 | &nbsp;&nbsp;&nbsp;$16053207 | $123581078 | $(108101868) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(640) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(163) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$559407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$31531614 |
| **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262053 | &nbsp;&nbsp;&nbsp;&nbsp;$1392383 | &nbsp;&nbsp;$67950018 | &nbsp;&nbsp;$(66720442) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$92595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2621629 |
| **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** | **International Small Company Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237035 | &nbsp;&nbsp;&nbsp;&nbsp;$2955240 | &nbsp;&nbsp;$12980670 | &nbsp;&nbsp;$(13564502) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(152) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$62602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2371341 |
| **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** | **Lifestyle Balanced Portfolio** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21 | &nbsp;&nbsp;$16636591 | &nbsp;&nbsp;$(16635912) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(470) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$230 |
| Select Bond | &nbsp;&nbsp;41933725 | &nbsp;&nbsp;&nbsp;492479965 | &nbsp;&nbsp;&nbsp;&nbsp;43064755 | &nbsp;&nbsp;&nbsp;&nbsp;(51597862) | &nbsp;&nbsp;&nbsp;&nbsp;(8244150) | &nbsp;&nbsp;&nbsp;&nbsp;$22889284 | &nbsp;&nbsp;&nbsp;&nbsp;20556692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498591992 |
| Strategic Equity Allocation | &nbsp;&nbsp;26678936 | &nbsp;&nbsp;&nbsp;484091749 | &nbsp;&nbsp;&nbsp;&nbsp;75474957 | &nbsp;&nbsp;&nbsp;&nbsp;(90017864) | &nbsp;&nbsp;&nbsp;&nbsp;2418703 | &nbsp;&nbsp;&nbsp;&nbsp;28262510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7603027 | &nbsp;&nbsp;&nbsp;&nbsp;$55714856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500230055 |
|  |  |  |  |  | **$(5825917)** | &nbsp;&nbsp;**$51151794** | &nbsp;&nbsp;**$28172291** | &nbsp;&nbsp;**$55714856** | &nbsp;&nbsp;&nbsp;**$998822277** |
| **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** | **Lifestyle Conservative Portfolio** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$326118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(327539) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 |
| Select Bond | &nbsp;&nbsp;10066811 | &nbsp;&nbsp;&nbsp;125381226 | &nbsp;&nbsp;&nbsp;&nbsp;9449632 | &nbsp;&nbsp;&nbsp;&nbsp;(19005730) | &nbsp;&nbsp;&nbsp;&nbsp;(2996597) | &nbsp;&nbsp;&nbsp;&nbsp;$6865856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4969620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119694387 |
| Strategic Equity Allocation | &nbsp;&nbsp;&nbsp;&nbsp;1582828 | &nbsp;&nbsp;&nbsp;&nbsp;30742694 | &nbsp;&nbsp;&nbsp;&nbsp;7370391 | &nbsp;&nbsp;&nbsp;&nbsp;(10465327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1631611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455819 | &nbsp;&nbsp;&nbsp;&nbsp;$3340232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29678028 |
|  |  |  |  |  | **$(2597932)** | &nbsp;&nbsp;&nbsp;&nbsp;**$8497467** | &nbsp;&nbsp;&nbsp;&nbsp;**$5425905** | &nbsp;&nbsp;&nbsp;&nbsp;**$3340232** | &nbsp;&nbsp;&nbsp;**$149372423** |
| **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** | **Lifestyle Growth Portfolio** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5 | &nbsp;&nbsp;&nbsp;&nbsp;$8966135 | &nbsp;&nbsp;&nbsp;&nbsp;$(8965873) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 |
| Select Bond | 128526472 | 1518681058 | &nbsp;&nbsp;&nbsp;&nbsp;87107535 | &nbsp;&nbsp;(123544605) | &nbsp;&nbsp;(20520300) | &nbsp;&nbsp;&nbsp;&nbsp;66456066 | &nbsp;&nbsp;&nbsp;&nbsp;62399323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1528179754 |
| Strategic Equity Allocation | 194950373 | 3543589137 | &nbsp;&nbsp;462370437 | &nbsp;&nbsp;(572811399) | &nbsp;&nbsp;&nbsp;74157202 | &nbsp;&nbsp;&nbsp;&nbsp;148014119 | &nbsp;&nbsp;&nbsp;&nbsp;55520096 | &nbsp;&nbsp;$406850341 | &nbsp;&nbsp;&nbsp;&nbsp;3655319496 |
|  |  |  |  |  | **$53636642** | **$214470186** | **$117926096** | **$406850341** | **$5183499258** |
| **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** | **Lifestyle Moderate Portfolio** |
| John Hancock Collateral Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$320119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(321226) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 |
| Select Bond | &nbsp;&nbsp;13657448 | &nbsp;&nbsp;&nbsp;160646561 | &nbsp;&nbsp;&nbsp;&nbsp;11388174 | &nbsp;&nbsp;&nbsp;&nbsp;(14693922) | &nbsp;&nbsp;&nbsp;&nbsp;(1989393) | &nbsp;&nbsp;&nbsp;&nbsp;$7035643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162387063 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

#### Investment in affiliated underlying funds, continued &nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| Strategic Equity Allocation | &nbsp;&nbsp;5752237 | $106765553 | &nbsp;&nbsp;&nbsp;&nbsp;$16165350 | &nbsp;&nbsp;&nbsp;&nbsp;$(21909027) | $1541719 | &nbsp;&nbsp;&nbsp;$5290846 | &nbsp;&nbsp;$1635985 | &nbsp;&nbsp;$11988472 | &nbsp;&nbsp;$107854441 |
|  |  |  |  |  | **$(447684)** | **$12326489** | **$8336549** | **$11988472** | **$270241512** |
| **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** | **Mid Cap Growth Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;330112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$844750 | &nbsp;&nbsp;&nbsp;$128623465 | &nbsp;&nbsp;&nbsp;$(126165581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$79710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$3302510 |
| **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** | **Mid Cap Index Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;4144286 | &nbsp;&nbsp;$38188441 | &nbsp;&nbsp;&nbsp;$357451385 | &nbsp;&nbsp;&nbsp;$(354177922) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(990) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(645) | &nbsp;&nbsp;$1085286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$41460269 |
| **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** | **Mid Value Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;1004793 | &nbsp;&nbsp;&nbsp;&nbsp;$7121549 | &nbsp;&nbsp;&nbsp;$110801293 | &nbsp;&nbsp;&nbsp;$(107870086) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(184) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(421) | &nbsp;&nbsp;&nbsp;&nbsp;$117429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$10052151 |
| **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** | **Real Estate Securities Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$17176112 | &nbsp;&nbsp;&nbsp;&nbsp;$(17176440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** | **Science & Technology Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;116356 | &nbsp;&nbsp;&nbsp;&nbsp;$3103289 | &nbsp;&nbsp;&nbsp;$119369880 | &nbsp;&nbsp;&nbsp;$(121309275) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8 | &nbsp;&nbsp;$1478865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$1164046 |
| **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** | **Small Cap Core Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;654797 | &nbsp;&nbsp;&nbsp;&nbsp;$4131989 | &nbsp;&nbsp;&nbsp;&nbsp;$75386789 | &nbsp;&nbsp;&nbsp;&nbsp;$(72967925) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(179) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$48 | &nbsp;&nbsp;&nbsp;&nbsp;$202525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$6550722 |
| **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** | **Small Cap Index Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;3253215 | &nbsp;&nbsp;$24215235 | &nbsp;&nbsp;&nbsp;$252947538 | &nbsp;&nbsp;&nbsp;$(244618864) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(902) | &nbsp;&nbsp;&nbsp;&nbsp;$997266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$32545813 |
| **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** | **Small Cap Opportunities Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;1147113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$217658 | &nbsp;&nbsp;&nbsp;&nbsp;$33811232 | &nbsp;&nbsp;&nbsp;&nbsp;$(22552867) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(222) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$11475949 |
| **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** | **Small Cap Stock Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;427369 | &nbsp;&nbsp;&nbsp;&nbsp;$4074271 | &nbsp;&nbsp;&nbsp;$106258683 | &nbsp;&nbsp;&nbsp;$(106056673) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(741) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(54) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$4275486 |
| **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** | **Small Company Value Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$469701 | &nbsp;&nbsp;&nbsp;&nbsp;$28773515 | &nbsp;&nbsp;&nbsp;&nbsp;$(28594700) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$648753 |
| **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** | **Strategic Equity Allocation Trust** |
| John Hancock Collateral Trust\* | 25425243 | $238632355 | $1931813621 | $(1916099445) | &nbsp;&nbsp;&nbsp;&nbsp;$28478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(15793) | &nbsp;&nbsp;$8814280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;$254359216 |
| **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** | **Total Stock Market Index Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;3345854 | &nbsp;&nbsp;$25230922 | &nbsp;&nbsp;&nbsp;$193702408 | &nbsp;&nbsp;&nbsp;$(185458836) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(1946) | &nbsp;&nbsp;$1439080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$33472592 |
| **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** | **U.S. Growth Trust** |
| John Hancock Collateral Trust\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5746200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(5746428) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

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

10. Investment in affiliates of advisor

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** | **International Equity Index Trust** |
| Manulife Financial Corp. | 59700 | $1895490 | $19109 | $(86677) | $30767 | $309136 | $76126 |  | $2167825 |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

11. Investment by affiliated funds

Certain investors in the portfolios are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the portfolios for the purpose of exercising management or control; however, this investment may represent a significant portion of the portfolios' net assets. At December 31, 2025, affiliated concentration (as a percentage of the portfolios' net assets) is as follows:

---

| | |
|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Affiliated Concentration** |
| Blue Chip Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.0% |
| Mid Cap Growth Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.3% |
| Mid Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.9% |
| Strategic Equity Allocation Trust | &nbsp;&nbsp;&nbsp;&nbsp;100.0% |

---

12. Interfund trading

The portfolios are permitted to purchase or sell securities from or to certain other affiliated funds, as set forth in Rule 17a-7 of the 1940 Act, under specified conditions outlined in procedures adopted by the Board of Trustees of the Trust. The procedures have been designed to ensure that any purchase or sale of securities by the portfolios from or to another fund that is or could be considered an affiliate complies with Rule 17a-7 of the 1940 Act. Further, as defined under the procedures, each transaction is effected at the current market price. Pursuant to these procedures, for the year ended December 31, 2025, the portfolios engaged in securities purchases and sales with affiliated funds, some of which have different fiscal reporting periods, as follows:

---

| | | |
|:---|:---|:---|
| **Portfolio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Sales** |
| Equity Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;$341988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Small Company Value Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;$414920 |

---

13. Restricted securities

The portfolios may hold restricted securities which are restricted as to resale and the portfolios have limited rights to registration under the Securities Act of 1933. Disposal may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. The following table summarizes the restricted securities held at December 31, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Issuer,<br> Description** | &nbsp;&nbsp;&nbsp;**Original<br> acquisition date** | &nbsp;&nbsp;&nbsp;**Acquisition<br> cost** | &nbsp;&nbsp;&nbsp;**Beginning<br> share<br> amount** | &nbsp;&nbsp;&nbsp;**Shares<br> purchased** | &nbsp;&nbsp;&nbsp;**Shares<br> sold** | &nbsp;&nbsp;&nbsp;**Ending<br> share<br> amount** | &nbsp;&nbsp;&nbsp;**Value as a<br> percentage of<br> net assets** | &nbsp;&nbsp;&nbsp;**Ending<br> value** |
| **Mid Cap Growth Trust** |  |  |  |  |  |  |  |  |
| Essence Group Holdings Corp. | &nbsp;&nbsp;&nbsp;5-1-14 | &nbsp;&nbsp;&nbsp;$2731549 | &nbsp;&nbsp;&nbsp;1663188 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1663188 | &nbsp;&nbsp;&nbsp;0.2% | &nbsp;&nbsp;&nbsp;&nbsp;$1230759 |
| Lookout, Inc., Series F | &nbsp;&nbsp;&nbsp;7-31-14 | &nbsp;&nbsp;&nbsp;&nbsp;2338736 | &nbsp;&nbsp;&nbsp;&nbsp;211003 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;211003 | &nbsp;&nbsp;&nbsp;0.1% | &nbsp;&nbsp;&nbsp;&nbsp;1000154 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;**$2230913** |

---

14. Transactions in securities of affiliated issuers

Affiliated issuers, as defined by the 1940 Act, are those in which the portfolios' holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the portfolios' transactions in the securities of these issuers during the year ended December 31, 2025, is set forth below:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** | **American International Trust** |
| American International Fund - Class 1 | 17386286 | $349028504 | $13264673 | $(56908516) | $(3331260) | $86182360 | $5702653 |  | $388235761 |

---

15. Segment reporting

The management committee of the Advisor acts as the portfolios' chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. Each portfolio represents a single operating segment, as the CODM monitors and assesses the operating results of the portfolio as a whole, and the portfolio'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 portfolio's subadvisor. Segment assets are reflected in the Statements of assets and liabilities as "Total assets", which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statements 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 portfolio share transactions", and Financial highlights, which includes total return and income and expense ratios.

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

John Hancock Variable Insurance Trust

------

#### Report of Independent Registered Public Accounting Firm
**To the Board of Trustees of John Hancock Variable Insurance Trust and Shareholders of 500 Index Trust, American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust, American International Trust, Blue Chip Growth Trust, Capital Appreciation Value Trust, Disciplined Value Emerging Markets Equity Trust, Disciplined Value International Trust, Equity Income Trust, Financial Industries Trust, Fundamental All Cap Core Trust, Fundamental Large Cap Value Trust, Global Equity Trust, Health Sciences Trust, International Equity Index Trust, International Small Company Trust, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Mid Cap Growth Trust, Mid Cap Index Trust, Mid Value Trust, Real Estate Securities Trust, Science & Technology Trust, Small Cap Core Trust, Small Cap Index Trust, Small Cap Opportunities Trust, Small Cap Stock Trust, Small Company Value Trust, Strategic Equity Allocation Trust, Total Stock Market Index Trust and U.S. Growth Trust**

#### Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the portfolio of investments, of 500 Index Trust, American Asset Allocation Trust, American Global Growth Trust, American Growth Trust, American Growth-Income Trust, American International Trust, Blue Chip Growth Trust, Capital Appreciation Value Trust, Disciplined Value Emerging Markets Equity Trust, Disciplined Value International Trust, Equity Income Trust, Financial Industries Trust, Fundamental All Cap Core Trust, Fundamental Large Cap Value Trust, Global Equity Trust, Health Sciences Trust, International Equity Index Trust, International Small Company Trust, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Mid Cap Growth Trust, Mid Cap Index Trust, Mid Value Trust, Real Estate Securities Trust, Science & Technology Trust, Small Cap Core Trust, Small Cap Index Trust, Small Cap Opportunities Trust, Small Cap Stock Trust, Small Company Value Trust, Strategic Equity Allocation Trust, Total Stock Market Index Trust and U.S. Growth Trust (thirty-five of the funds constituting John Hancock Variable Insurance Trust, hereafter collectively referred to as the "Funds") as of December 31, 2025, the related statements 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 each of the Funds as of December 31, 2025, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended December 31, 2025 and each of 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 Opinions
These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' 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 Funds 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 agents, agent banks and brokers; when replies were not received from agent banks and brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

February 20, 2026

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

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

## John Hancock Variable Insurance Trust

#### Shareholder meeting

------

(Unaudited)

The portfolios held a Special Joint Meeting of Shareholders on Wednesday, November 12, 2025. The following proposal was considered by the shareholders:

#### Proposal: To elect five Trustees as members of the Board of Trustees of each of the Trusts.
THE PROPOSAL <u>PASSED</u> ON November 12, 2025.

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total votes<br> for the nominee** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total votes withheld<br> from the nominee** |
| **Independent Trustees** |  |  |
| William K. Bacic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5670414595.663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26667188.714 |
| Christine L. Hurtsellers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5669231089.721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27850694.656 |
| Kenneth J. Phelan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5670154966.243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26926818.134 |
| Thomas R. Wright | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5670911891.149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26169893.228 |
| **Non-Independent Trustee** |  |  |
| Kristie M. Feinberg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5669183954.600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27897829.777 |

---

#### U.S. Growth Trust :
U.S. Growth Trust (formerly Capital Appreciation Trust) held a Special Meeting of Shareholders on Tuesday, August 26, 2025. The following proposal was considered by the shareholders:

#### Proposal: To approve a change to the classification of U.S. Growth Trust from "diversified" to "non-diversified."
THE PROPOSAL <u>PASSED</u> ON August 26, 2025.

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares<br> voted** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**% Of<br> shares voted** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**% Of<br> outstanding<br> shares** |
| **For** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81801388.667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75.381% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75.380% |
| **Against** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16958171.470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.627% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.627% |
| **Abstain** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9758582.712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.992% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.992% |

---

------

[**Table of Contents**](#JOB_JHVIT_ea6c76cf-8c2d-43c0-9d96-1269ccb64161_TOC)

![](img681db5471.gif)

John Hancock Distributors, LLC, Member FINRA, SIPC200 Berkeley Street, Boston, MA 02116

John Hancock Variable Annuities: 800-344-1029

John Hancock Variable Life Insurance: 800-732-5543

johnhancock.com

JHT0A 12/31

2/26

1115015:12/25

------

![](img8960ed031.jpg)

**American Funds Insurance Series**<sup>®</sup>

Financial Statements and Other Information

N-CSR Items 7-11

for the year ended December 31, 2025

Lit. No. INGEFP4-998-0226© 2026 Capital Group. All rights reserved.

------

Global Growth Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 96.94% | Shares | Value<br> (000)<br>|
| **Information technology 29.37%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 10705200 | $522985 |
| Broadcom, Inc.  | 1107449 | 383288 |
| Microsoft Corp.  | 740348 | 358047 |
| NVIDIA Corp.  | 1437636 | 268119 |
| ASML Holding NV (ADR)  | 120673 | 129103 |
| ASML Holding NV  | 105955 | 113257 |
| Micron Technology, Inc.  | 433659 | 123771 |
| NEC Corp.  | 2693871 | 90835 |
| Samsung Electronics Co., Ltd.  | 1068680 | 89068 |
| SK hynix, Inc.  | 157999 | 71546 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 336935 | 66427 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 85473 | 57593 |
| Tokyo Electron, Ltd.  | 237700 | 52203 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 278761 | 44872 |
| International Business Machines Corp.  | 131299 | 38892 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 179438 | 36763 |
| Salesforce, Inc.  | 126566 | 33529 |
| Intel Corp. <sup>(a)</sup>  | 902119 | 33288 |
| Capgemini SE  | 176911 | 29299 |
| Apple, Inc.  | 107144 | 29128 |
| Ubiquiti, Inc.  | 51660 | 28586 |
| Oracle Corp.  | 102383 | 19956 |
| Dassault Systemes SE  | 701879 | 19604 |
| Nemetschek SE  | 140877 | 15361 |
| Check Point Software Technologies, Ltd. <sup>(a)</sup>  | 79736 | 14796 |
| Synopsys, Inc. <sup>(a)</sup>  | 23849 | 11202 |
|  |  | 2681518 |
| **Industrials 17.72%** |  |  |
| Airbus SE, non-registered shares  | 640525 | 148572 |
| Comfort Systems USA, Inc.  | 140027 | 130686 |
| Safran SA  | 324785 | 113019 |
| General Electric Co.  | 315857 | 97293 |
| Siemens AG  | 330684 | 92868 |
| Ryanair Holdings PLC (ADR)  | 1180370 | 85211 |
| Boeing Co. (The) <sup>(a)</sup>  | 372821 | 80947 |
| Saab AB, Class B  | 1217750 | 70832 |
| BAE Systems PLC  | 2424921 | 55747 |
| GT Capital Holdings, Inc.  | 5411899 | 54732 |
| ATI, Inc. <sup>(a)</sup>  | 476446 | 54677 |
| TransDigm Group, Inc.  | 38430 | 51106 |
| RS Group PLC  | 5414909 | 45232 |
| Howmet Aerospace, Inc.  | 212197 | 43505 |
| Core & Main, Inc., Class A <sup>(a)</sup>  | 797398 | 41441 |
| ASSA ABLOY AB, Class B  | 1034590 | 40110 |
| Rocket Lab Corp. <sup>(a)</sup>  | 565667 | 39461 |
| DSV A/S  | 153094 | 38526 |
| Hitachi, Ltd.  | 1228900 | 38125 |
| Copart, Inc. <sup>(a)</sup>  | 878862 | 34407 |
| Crane Co.  | 178460 | 32913 |
| PACCAR, Inc.  | 286995 | 31429 |
| The Toro Co.  | 373724 | 29420 |
| Compagnie de Saint-Gobain SA, non-registered shares  | 270675 | 27477 |
| Hanwha Aerospace Co., Ltd.  | 40475 | 26333 |
| Alliance Global Group, Inc.  | 156400700 | 21772 |
| FTAI Aviation, Ltd.  | 102740 | 20224 |
| Mitsui & Co., Ltd.  | 676500 | 19994 |
| Deere & Co.  | 39278 | 18287 |

---

---

| | |
|:---|:---|
| **1** | American Funds Insurance Series |

---

------

Global Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| GE Vernova, Inc.  | 24758 | $16181 |
| Daikin Industries, Ltd.  | 76900 | 9872 |
| Ingersoll-Rand, Inc.  | 96000 | 7605 |
|  |  | 1618004 |
| **Consumer discretionary 13.88%** |  |  |
| Prosus NV, Class N  | 1846586 | 114052 |
| MercadoLibre, Inc. <sup>(a)</sup>  | 42043 | 84686 |
| Renault SA  | 1688781 | 69914 |
| Inchcape PLC  | 6234573 | 64629 |
| Booking Holdings, Inc.  | 11574 | 61983 |
| Starbucks Corp.  | 729678 | 61446 |
| Compagnie Financiere Richemont SA, Class A  | 279343 | 60287 |
| Amazon.com, Inc. <sup>(a)</sup>  | 239344 | 55245 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 1462554 | 54114 |
| Hyundai Motor Co.  | 254391 | 52086 |
| LKQ Corp.  | 1640562 | 49545 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 64729 | 48799 |
| Trip.com Group, Ltd. (ADR)  | 672433 | 48355 |
| MGM China Holdings, Ltd.  | 28793200 | 48329 |
| General Motors Co.  | 519771 | 42268 |
| InterContinental Hotels Group PLC  | 299249 | 41918 |
| Restaurant Brands International, Inc. (CAD denominated)  | 607375 | 41446 |
| Alibaba Group Holding, Ltd. (ADR)  | 268854 | 39409 |
| Entain PLC  | 3341847 | 34412 |
| Industria de Diseno Textil SA  | 501952 | 33064 |
| Hermes International  | 12384 | 30597 |
| Sanrio Co., Ltd.  | 912300 | 28622 |
| Carvana Co., Class A <sup>(a)</sup>  | 61924 | 26133 |
| D.R. Horton, Inc.  | 173953 | 25054 |
| Toll Brothers, Inc.  | 167692 | 22675 |
| Wynn Macau, Ltd.  | 21430000 | 16295 |
| O'Reilly Automotive, Inc. <sup>(a)</sup>  | 134120 | 12233 |
|  |  | 1267596 |
| **Financials 13.85%** |  |  |
| Citigroup, Inc.  | 1215819 | 141874 |
| Banco Bilbao Vizcaya Argentaria SA  | 5187583 | 121338 |
| 3i Group PLC  | 2294508 | 99828 |
| Brookfield Corp., Class A  | 2138896 | 98154 |
| Aon PLC, Class A  | 244466 | 86267 |
| Visa, Inc., Class A  | 237305 | 83225 |
| Prudential PLC  | 5215411 | 80470 |
| Fiserv, Inc. <sup>(a)</sup>  | 1031889 | 69312 |
| Societe Generale  | 809341 | 65207 |
| Ameriprise Financial, Inc.  | 104697 | 51337 |
| Allianz SE  | 106923 | 49042 |
| Aviva PLC  | 4545916 | 41620 |
| Halyk Savings Bank of Kazakhstan OJSC (GDR)  | 1293921 | 38688 |
| Japan Post Insurance Co., Ltd.  | 1156950 | 34716 |
| UniCredit SpA  | 359971 | 29883 |
| CME Group, Inc., Class A  | 103473 | 28256 |
| Coinbase Global, Inc., Class A <sup>(a)</sup>  | 97796 | 22116 |
| MS&AD Insurance Group Holdings, Inc.  | 831800 | 19587 |
| Arthur J. Gallagher & Co.  | 74138 | 19186 |
| CaixaBank SA, non-registered shares  | 1557890 | 19025 |
| HSBC Holdings PLC (GBP denominated)  | 1163368 | 18239 |
| HDFC Bank, Ltd.  | 1328758 | 14683 |

---

American Funds Insurance Series<sub>2</sub>

------

Global Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Eurobank SA  | 3558529 | $14263 |
| Swissquote Group Holding, Ltd.  | 15017 | 9116 |
| CVC Capital Partners PLC  | 542527 | 9085 |
|  |  | 1264517 |
| **Health care 7.75%** |  |  |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 213311 | 96707 |
| Argenx SE (ADR) <sup>(a)</sup>  | 80747 | 67904 |
| Regeneron Pharmaceuticals, Inc.  | 83600 | 64528 |
| Thermo Fisher Scientific, Inc.  | 103186 | 59791 |
| UnitedHealth Group, Inc.  | 179184 | 59150 |
| Eli Lilly and Co.  | 43922 | 47202 |
| EssilorLuxottica SA  | 144508 | 45690 |
| Sanofi  | 378504 | 36721 |
| Cigna Group (The)  | 132736 | 36533 |
| AstraZeneca PLC  | 194247 | 35779 |
| Pfizer, Inc.  | 1418993 | 35333 |
| Haleon PLC  | 6192098 | 31333 |
| Centene Corp. <sup>(a)</sup>  | 580852 | 23902 |
| Bayer AG  | 537074 | 23168 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 50179 | 19954 |
| Novo Nordisk AS, Class B  | 237847 | 12124 |
| Teva Pharmaceutical Industries, Ltd. (ADR) <sup>(a)</sup>  | 367000 | 11454 |
|  |  | 707273 |
| **Communication services 5.39%** |  |  |
| Meta Platforms, Inc., Class A  | 213121 | 140679 |
| Alphabet, Inc., Class A  | 269199 | 84259 |
| Spotify Technology SA <sup>(a)</sup>  | 118391 | 68751 |
| Publicis Groupe SA  | 549935 | 57051 |
| Bharti Airtel, Ltd.  | 2029589 | 47612 |
| Netflix, Inc. <sup>(a)</sup>  | 419340 | 39317 |
| Nintendo Co., Ltd.  | 566253 | 38250 |
| Tencent Holdings, Ltd.  | 213900 | 16391 |
|  |  | 492310 |
| **Consumer staples 3.33%** |  |  |
| Nestle SA  | 695583 | 69136 |
| Dollar General Corp.  | 408173 | 54193 |
| Costco Wholesale Corp.  | 44829 | 38658 |
| Carrefour SA, non-registered shares  | 2201230 | 36717 |
| Pernod Ricard SA  | 384768 | 32940 |
| Coca-Cola HBC AG (CDI) <sup>(a)</sup>  | 445087 | 23050 |
| Philip Morris International, Inc.  | 121081 | 19421 |
| Monster Beverage Corp. <sup>(a)</sup>  | 239297 | 18347 |
| Loblaw Cos., Ltd.  | 267760 | 12105 |
|  |  | 304567 |
| **Materials 2.48%** |  |  |
| Lynas Rare Earths, Ltd. <sup>(a)</sup>  | 5358289 | 44201 |
| Agnico Eagle Mines, Ltd.  | 240735 | 40824 |
| Amcor PLC (CDI)  | 3567000 | 29808 |
| Linde PLC  | 63907 | 27249 |
| Sherwin-Williams Co.  | 81338 | 26356 |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 802920 | 21527 |

---

---

| | |
|:---|:---|
| **3** | American Funds Insurance Series |

---

------

Global Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Syensqo SA  | 168919 | $13566 |
| Ecolab, Inc.  | 46140 | 12113 |
| LyondellBasell Industries NV  | 250227 | 10835 |
|  |  | 226479 |
| **Energy 1.34%** |  |  |
| NAC Kazatomprom JSC (GDR)  | 673935 | 37443 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 1066948 | 36139 |
| Tourmaline Oil Corp.  | 612792 | 27489 |
| Reliance Industries, Ltd.  | 789344 | 13778 |
| TotalEnergies SE (EUR denominated)  | 112486 | 7331 |
|  |  | 122180 |
| **Real estate 1.24%** |  |  |
| Mirvac Group REIT  | 25439540 | 34719 |
| Simon Property Group, Inc. REIT  | 168674 | 31223 |
| Sun Hung Kai Properties, Ltd.  | 2378500 | 28855 |
| Dexus REIT  | 3935855 | 18150 |
|  |  | 112947 |
| **Utilities 0.59%** |  |  |
| Oklo, Inc., Class A <sup>(a)(b)</sup>  | 258331 | 18538 |
| Veolia Environnement SA  | 429985 | 14981 |
| FirstEnergy Corp.  | 286296 | 12818 |
| NRG Energy, Inc.  | 50420 | 8029 |
|  |  | 54366 |
| **Total common stocks** (cost: $5,566,337,000) |  | 8851757 |
| Short-term securities 3.17% |  |  |
| **Money market investments 3.16%** | **Money market investments 3.16%** | **Money market investments 3.16%** |
| Capital Group Central Cash Fund 3.79% <sup>(c)(d)</sup>  | 2888549 | 288884 |
| **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(c)(e)</sup>  | 1098443 | 1098 |
| **Total short-term securities** (cost: $289,944,000) |  | 289982 |
| **Total investment securities 100.11%** (cost: $5,856,281,000) |  | 9141739 |
| Other assets less liabilities (0.11)% |  | (10393)<br>|
| **Net assets 100.00%** |  | $9131346 |

---

American Funds Insurance Series<sub>4</sub>

------

Global Growth Fund (continued)

**Investments in affiliates** <sup>(d)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 3.16%** |  |  |  |  |  |  |  |
| **Money market investments 3.16%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(c)</sup>  | $283574 | &nbsp;&nbsp; $1841815 | &nbsp;&nbsp; $1836409 | &nbsp;&nbsp; $(82)<br>| &nbsp;&nbsp; $(14)<br>| &nbsp;&nbsp; $288884 | &nbsp;&nbsp; $12461 |

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(d)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(e)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| EUR = Euros |
| GBP = British pounds |
| GDR = Global Depositary Receipts |
| REIT = Real Estate Investment Trust |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **5** | American Funds Insurance Series |

---

------

Global Small Capitalization Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 96.08% | Shares | Value<br> (000)<br>|
| **Industrials 21.20%** |  |  |
| International Container Terminal Services, Inc.  | 3664220 | $35133 |
| ATI, Inc. <sup>(a)</sup>  | 265862 | 30510 |
| Cleanaway Waste Management, Ltd.  | 17157789 | 29580 |
| Trelleborg AB, Class B  | 565261 | 23920 |
| Takasago Thermal Engineering Co., Ltd.  | 806148 | 22853 |
| Diploma PLC  | 300405 | 21440 |
| Casella Waste Systems, Inc., Class A <sup>(a)</sup>  | 212525 | 20815 |
| Adecco Group AG  | 694197 | 20168 |
| Nexans SA  | 134522 | 19782 |
| Modine Manufacturing Co. <sup>(a)</sup>  | 146345 | 19539 |
| UL Solutions, Inc., Class A  | 236384 | 18641 |
| Qantas Airways, Ltd.  | 2530925 | 17461 |
| Alaska Air Group, Inc. <sup>(a)</sup>  | 343688 | 17287 |
| CBIZ, Inc. <sup>(a)</sup>  | 340016 | 17154 |
| Carel Industries SpA  | 555967 | 16010 |
| Comfort Systems USA, Inc.  | 16788 | 15668 |
| VSE Corp.  | 90068 | 15561 |
| Oshkosh Corp.  | 106689 | 13403 |
| Bombardier, Inc., Class B <sup>(a)</sup>  | 75000 | 12759 |
| Rumo SA  | 4373675 | 11683 |
| ICF International, Inc.  | 133699 | 11405 |
| Inox Wind, Ltd. <sup>(a)</sup>  | 7777781 | 10690 |
| Kandenko Co., Ltd.  | 327900 | 10538 |
| AFRY AB, Class B  | 642228 | 10430 |
| Badger Infrastructure Solutions, Ltd.  | 183079 | 9755 |
| Applied Industrial Technologies, Inc.  | 35926 | 9225 |
| Addtech AB, Class B  | 245222 | 8714 |
| Howden Joinery Group PLC  | 747163 | 8320 |
| Neway Valve (Suzhou) Co., Ltd., Class A  | 1107550 | 8219 |
| dormakaba Holding AG  | 97220 | 7861 |
| ESAB Corp.  | 68792 | 7685 |
| First Advantage Corp. <sup>(a)</sup>  | 528767 | 7683 |
| Sterling Infrastructure, Inc. <sup>(a)</sup>  | 24972 | 7647 |
| Beijer Ref AB, Class B  | 445805 | 7172 |
| Visional, Inc. <sup>(a)</sup>  | 105238 | 6730 |
| IMCD NV  | 71611 | 6515 |
| Sinfonia Technology Co., Ltd.  | 110986 | 6443 |
| Huber + Suhner AG  | 35267 | 6381 |
| Tetra Tech, Inc.  | 186785 | 6265 |
| Engcon AB, Class B  | 624455 | 5619 |
| Localiza Rent a Car SA, ordinary nominative shares  | 663945 | 5236 |
| Localiza Rent a Car SA <sup>(a)</sup>  | 25536 | 194 |
| SATS, Ltd.  | 1817900 | 5378 |
| SPIE SA  | 90533 | 5211 |
| Rosebank Industries PLC <sup>(a)</sup>  | 1094795 | 5163 |
| WESCO International, Inc.  | 20529 | 5022 |
| XPO, Inc. <sup>(a)</sup>  | 35214 | 4786 |
| Saia, Inc. <sup>(a)</sup>  | 13577 | 4433 |
| RENK Group AG  | 60784 | 3806 |
| Hensoldt AG <sup>(b)</sup>  | 41633 | 3598 |
| Matson, Inc.  | 28475 | 3518 |
| Reliance Worldwide Corp., Ltd.  | 1357484 | 3485 |
| Takuma Co., Ltd.  | 204600 | 3237 |
| KEI Industries, Ltd.  | 64373 | 3195 |
| IndiaMart InterMesh, Ltd.  | 113259 | 2802 |
| Huaming Power Equipment Co., Ltd., Class A  | 647600 | 2314 |
| Byrna Technologies, Inc. <sup>(a)(b)</sup>  | 98413 | 1652 |
| McGrath RentCorp  | 3980 | 418 |
|  |  | 626112 |

---

American Funds Insurance Series<sub>6</sub>

------

Global Small Capitalization Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials 16.44%** |  |  |
| IIFL Finance, Ltd. <sup>(a)</sup>  | 4298688 | $29178 |
| Stifel Financial Corp.  | 224039 | 28054 |
| HDFC Asset Management Co., Ltd.  | 907132 | 26969 |
| SLM Corp.  | 972198 | 26308 |
| Porto Seguro SA  | 2915882 | 25720 |
| Glacier Bancorp, Inc.  | 577688 | 25447 |
| Cholamandalam Investment and Finance Co., Ltd.  | 1274960 | 24092 |
| First American Financial Corp.  | 379577 | 23321 |
| Vontobel Holding AG  | 257533 | 20820 |
| Max Financial Services, Ltd. <sup>(a)</sup>  | 975628 | 18142 |
| SiriusPoint, Ltd. <sup>(a)</sup>  | 767775 | 16807 |
| Kyoto Financial Group, Inc.  | 750000 | 16355 |
| Pluxee NV  | 1010488 | 15831 |
| Janus Henderson Group PLC  | 299721 | 14258 |
| Lazard, Inc., Class A  | 274252 | 13318 |
| Home BancShares, Inc.  | 449364 | 12483 |
| Gunma Bank, Ltd. (The)  | 1068100 | 11747 |
| Sprott, Inc.  | 109623 | 10737 |
| GQG Partners, Inc. (CDI)  | 9139164 | 10643 |
| Banco del Bajio SA  | 3890796 | 9827 |
| Asia Commercial Joint Stock Bank  | 10676850 | 9743 |
| SouthState Bank Corp.  | 94096 | 8855 |
| Eurobank SA  | 2174630 | 8716 |
| EFG International AG  | 334117 | 7988 |
| FirstCash Holdings, Inc.  | 48401 | 7714 |
| Hokuhoku Financial Group, Inc.  | 253900 | 7410 |
| IG Group Holdings PLC  | 382385 | 6778 |
| Patria Investments, Ltd., Class A  | 397904 | 6323 |
| Discovery, Ltd.  | 381042 | 5240 |
| JB Financial Group Co., Ltd.  | 282792 | 5023 |
| PJT Partners, Inc., Class A  | 28318 | 4735 |
| 360 ONE WAM, Ltd.  | 356178 | 4703 |
| Baldwin Insurance Group, Inc. (The), Class A <sup>(a)</sup>  | 180849 | 4346 |
| CVB Financial Corp.  | 226040 | 4204 |
| Root, Inc., Class A <sup>(a)</sup>  | 53525 | 3866 |
| Pinnacle Investment Management Group, Ltd.  | 322427 | 3655 |
| Haci A–mer Sabanci Holding AS  | 1367842 | 2691 |
| Capitec Bank Holdings, Ltd.  | 8764 | 2201 |
| EZCORP, Inc., Class A, nonvoting shares <sup>(a)</sup>  | 74602 | 1449 |
|  |  | 485697 |
| **Information technology 14.52%** |  |  |
| King Slide Works Co., Ltd.  | 253784 | 30159 |
| Lumentum Holdings, Inc. <sup>(a)</sup>  | 80942 | 29834 |
| Semtech Corp. <sup>(a)</sup>  | 376056 | 27712 |
| MACOM Technology Solutions Holdings, Inc. <sup>(a)</sup>  | 156241 | 26761 |
| Lattice Semiconductor Corp. <sup>(a)</sup>  | 358889 | 26407 |
| Kokusai Electric Corp.  | 663891 | 23173 |
| Q2 Holdings, Inc. <sup>(a)</sup>  | 305539 | 22048 |
| CompoSecure, Inc., Class A <sup>(a)(c)</sup>  | 948877 | 17014 |
| CompoSecure, Inc., Class A <sup>(a)</sup>  | 145811 | 2811 |
| PAR Technology Corp. <sup>(a)(b)</sup>  | 466983 | 16942 |
| Silicon Laboratories, Inc. <sup>(a)</sup>  | 116697 | 15252 |
| Allegro MicroSystems, Inc. <sup>(a)</sup>  | 555183 | 14646 |
| Rogers Corp. <sup>(a)</sup>  | 147666 | 13522 |
| Credo Technology Group Holding, Ltd. <sup>(a)</sup>  | 92021 | 13241 |
| Unity Software, Inc. <sup>(a)</sup>  | 277946 | 12277 |
| Agilysys, Inc. <sup>(a)</sup>  | 96907 | 11516 |
| Maruwa Co., Ltd.  | 41254 | 11156 |
| Riken Keiki Co., Ltd.  | 530000 | 10840 |

---

---

| | |
|:---|:---|
| **7** | American Funds Insurance Series |

---

------

Global Small Capitalization Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Information technology (continued)** |  |  |
| Pegasystems, Inc.  | 159265 | $9511 |
| Klaviyo, Inc., Class A <sup>(a)</sup>  | 284599 | 9241 |
| Tokyo Seimitsu Co., Ltd.  | 124023 | 8770 |
| eMemory Technology, Inc.  | 157430 | 8595 |
| Fabrinet, non-registered shares <sup>(a)</sup>  | 14995 | 6827 |
| Soitec <sup>(a)</sup>  | 177920 | 4810 |
| Cellebrite DI, Ltd. <sup>(a)</sup>  | 253216 | 4565 |
| Netskope, Inc., Class A <sup>(a)(b)</sup>  | 251977 | 4420 |
| Via Transportation, Inc., Class A <sup>(a)(b)</sup>  | 141377 | 4101 |
| OBIC Business Consultants Co., Ltd.  | 73900 | 3990 |
| Insight Enterprises, Inc. <sup>(a)</sup>  | 47429 | 3864 |
| Softcat PLC  | 195529 | 3717 |
| Topicus.com, Inc., subordinate voting shares <sup>(a)</sup>  | 38110 | 3530 |
| MongoDB, Inc., Class A <sup>(a)</sup>  | 8355 | 3507 |
| Shibaura Mechatronics Corp.  | 26300 | 3190 |
| Commvault Systems, Inc. <sup>(a)</sup>  | 24418 | 3061 |
| HPSP Co., Ltd.  | 132490 | 3056 |
| Cipher Mining, Inc. <sup>(a)(b)</sup>  | 206487 | 3048 |
| MARA Holdings, Inc. <sup>(a)(b)</sup>  | 327085 | 2937 |
| ASMPT, Ltd.  | 293500 | 2921 |
| Domo, Inc., Class B <sup>(a)</sup>  | 300977 | 2537 |
| Wolfspeed, Inc. <sup>(a)(b)</sup>  | 89368 | 1556 |
| Hexaware Technologies, Ltd.  | 126699 | 1079 |
| Bitdeer Technologies Group, Class A <sup>(a)(b)</sup>  | 49512 | 555 |
| Yotpo, Ltd. <sup>(a)(c)(d)</sup>  | 678736 | 265 |
|  |  | 428964 |
| **Consumer discretionary 11.70%** |  |  |
| CAVA Group, Inc. <sup>(a)(b)</sup>  | 547511 | 32133 |
| Light & Wonder, Inc. CHESS Depositary Interest <sup>(a)</sup>  | 266937 | 27998 |
| Entain PLC  | 2694154 | 27743 |
| TopBuild Corp. <sup>(a)</sup>  | 49920 | 20826 |
| DraftKings, Inc., Class A <sup>(a)</sup>  | 535848 | 18465 |
| Thor Industries, Inc.  | 170817 | 17538 |
| Champion Homes, Inc. <sup>(a)</sup>  | 182251 | 15400 |
| Sega Sammy Holdings, Inc.  | 878000 | 13727 |
| Wyndham Hotels & Resorts, Inc.  | 175062 | 13228 |
| Acushnet Holdings Corp.  | 165000 | 13170 |
| LKQ Corp.  | 420833 | 12709 |
| Patrick Industries, Inc.  | 96348 | 10447 |
| Guzman y Gomez, Ltd.  | 668245 | 9643 |
| Food & Life Cos., Ltd.  | 184900 | 9373 |
| Steven Madden, Ltd. <sup>(b)</sup>  | 208312 | 8674 |
| Ollies Bargain Outlet Holdings, Inc. <sup>(a)</sup>  | 74296 | 8144 |
| Aditya Vision, Ltd.  | 1363712 | 7408 |
| Cartrade Tech, Ltd. <sup>(a)</sup>  | 227495 | 7154 |
| tonies SE, Class A <sup>(a)</sup>  | 568903 | 6987 |
| Grand Canyon Education, Inc. <sup>(a)</sup>  | 41039 | 6825 |
| Dominos Pizza Enterprises, Ltd.  | 486762 | 6810 |
| Lottomatica Group SpA  | 254958 | 6691 |
| MRF, Ltd.  | 3861 | 6567 |
| Yonex Co., Ltd.  | 300000 | 6362 |
| Boot Barn Holdings, Inc. <sup>(a)</sup>  | 33840 | 5972 |
| Inchcape PLC  | 420301 | 4357 |
| Camping World Holdings, Inc., Class A  | 426336 | 4148 |
| Cairn Homes PLC (EUR denominated)  | 1597882 | 3891 |
| Savers Value Village, Inc. <sup>(a)</sup>  | 367506 | 3433 |
| Zalando SE, non-registered shares <sup>(a)</sup>  | 115415 | 3427 |
| Smartfit Escola de Ginastica e Danca SA  | 677584 | 2865 |

---

American Funds Insurance Series<sub>8</sub>

------

Global Small Capitalization Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** |  |  |
| Coats Group PLC  | 2231726 | $2529 |
| Groupe Dynamite, Inc.  | 8500 | 512 |
| Metaplanet, Inc. <sup>(a)</sup>  | 137850 | 350 |
|  |  | 345506 |
| **Health care 10.57%** |  |  |
| Insulet Corp. <sup>(a)</sup>  | 85352 | 24260 |
| Ensign Group, Inc. (The)  | 127853 | 22272 |
| Carl Zeiss Meditec AG, non-registered shares <sup>(b)</sup>  | 417299 | 19593 |
| IDEAYA Biosciences, Inc. <sup>(a)(b)</sup>  | 486851 | 16830 |
| Bio-Rad Laboratories, Inc., Class A <sup>(a)</sup>  | 54843 | 16617 |
| Max Healthcare Institute, Ltd.  | 1220256 | 14191 |
| Addus HomeCare Corp. <sup>(a)</sup>  | 125640 | 13492 |
| Kymera Therapeutics, Inc. <sup>(a)</sup>  | 171932 | 13378 |
| Rhythm Pharmaceuticals, Inc. <sup>(a)</sup>  | 112926 | 12088 |
| Ambu AS, Class B, non-registered shares <sup>(b)</sup>  | 873841 | 12047 |
| ADMA Biologics, Inc. <sup>(a)</sup>  | 596196 | 10875 |
| Vitrolife AB  | 730264 | 10864 |
| Bio-Techne Corp.  | 178365 | 10490 |
| Zealand Pharma AS <sup>(a)</sup>  | 132343 | 9631 |
| Masimo Corp. <sup>(a)(b)</sup>  | 72354 | 9410 |
| Vimian Group AB (publ) <sup>(a)(b)</sup>  | 2729438 | 8952 |
| Asker Healthcare Group AB <sup>(a)</sup>  | 964065 | 8829 |
| iRhythm Technologies, Inc. <sup>(a)</sup>  | 45776 | 8122 |
| Encompass Health Corp.  | 62771 | 6662 |
| BridgeBio Pharma, Inc. <sup>(a)</sup>  | 86007 | 6579 |
| Shanghai Conant Optical Co., Ltd., Class H  | 902000 | 6258 |
| Establishment Labs Holdings, Inc. <sup>(a)(b)</sup>  | 85657 | 6243 |
| Indegene, Ltd.  | 933888 | 5409 |
| Denali Therapeutics, Inc. <sup>(a)</sup>  | 315416 | 5208 |
| CONMED Corp.  | 124153 | 5041 |
| Dr. Lal PathLabs, Ltd.  | 301052 | 4966 |
| AddLife AB, Class B  | 285033 | 4923 |
| Aster DM Healthcare, Ltd.  | 688425 | 4725 |
| Prestige Consumer Healthcare, Inc. <sup>(a)</sup>  | 53648 | 3310 |
| Inhibrx Biosciences, Inc. <sup>(a)(b)</sup>  | 41358 | 3267 |
| Enliven Therapeutics, Inc. <sup>(a)(b)</sup>  | 138269 | 2129 |
| Waystar Holding Corp. <sup>(a)</sup>  | 59700 | 1955 |
| Biohaven, Ltd. <sup>(a)</sup>  | 164617 | 1859 |
| GeneDx Holdings Corp., Class A <sup>(a)</sup>  | 12764 | 1660 |
|  |  | 312135 |
| **Materials 7.75%** |  |  |
| Resonac Holdings Co., Ltd.  | 1078714 | 45051 |
| Materion Corp.  | 237927 | 29579 |
| Sumitomo Bakelite Co., Ltd.  | 830059 | 27399 |
| Celanese Corp.  | 567064 | 23975 |
| Lundin Mining Corp.  | 1000000 | 21493 |
| Lundin Gold, Inc.  | 202100 | 16789 |
| Knife River Corp. <sup>(a)</sup>  | 174361 | 12266 |
| Dyno Nobel, Ltd.  | 5112453 | 10919 |
| Louisiana-Pacific Corp.  | 110000 | 8884 |
| Vicat SACA  | 85775 | 7625 |
| Acerinox SA  | 437480 | 6481 |
| Mitsui Kinzoku Co., Ltd.  | 41700 | 4711 |
| Umicore SA  | 168404 | 3515 |
| Cabot Corp.  | 48229 | 3197 |
| Huhtamaki OYJ  | 82277 | 2867 |

---

---

| | |
|:---|:---|
| **9** | American Funds Insurance Series |

---

------

Global Small Capitalization Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Arkema SA  | 34302 | $2098 |
| Mayr-Melnhof Karton AG, non-registered shares  | 17249 | 1882 |
| Titan SA  | 1455 | 90 |
|  |  | 228821 |
| **Communication services 3.97%** |  |  |
| Nippon Television Holdings, Inc.  | 986700 | 23925 |
| Magnite, Inc. <sup>(a)</sup>  | 1429601 | 23202 |
| Springer Nature AG & Co. KGaA, non-registered shares  | 593839 | 13346 |
| Stubhub Holdings, Inc., Class A <sup>(a)(b)</sup>  | 900000 | 12177 |
| New York Times Co., Class A  | 175000 | 12149 |
| Indosat Tbk PT  | 85573409 | 11905 |
| Kadokawa Corp.  | 529800 | 10749 |
| Rightmove PLC  | 1080615 | 7555 |
| Bharti Hexacom, Ltd.  | 63232 | 1282 |
| Starz Entertainment Corp. <sup>(a)</sup>  | 82800 | 969 |
|  |  | 117259 |
| **Consumer staples 3.25%** |  |  |
| Raia Drogasil SA, ordinary nominative shares  | 7751754 | 33248 |
| BBB Foods, Inc., Class A <sup>(a)</sup>  | 767003 | 25610 |
| Universal Robina Corp.  | 13048305 | 14887 |
| Lamb Weston Holdings, Inc.  | 320000 | 13405 |
| Apotea Sverige AB <sup>(a)</sup>  | 593629 | 5929 |
| e.l.f. Beauty, Inc. <sup>(a)</sup>  | 40599 | 3087 |
|  |  | 96166 |
| **Energy 2.66%** |  |  |
| Weatherford International  | 409326 | 32034 |
| CNX Resources Corp. <sup>(a)</sup>  | 525389 | 19319 |
| Vista Energy, SAB de CV, Class A (ADR) <sup>(a)</sup>  | 207708 | 10107 |
| Aegis Logistics Ltd.  | 790464 | 6306 |
| Secure Waste Infrastructure Corp.  | 369037 | 4643 |
| Cactus, Inc., Class A  | 77043 | 3519 |
| Aegis Vopak Terminals, Ltd. <sup>(a)</sup>  | 953011 | 2643 |
|  |  | 78571 |
| **Real estate 2.41%** |  |  |
| Charter Hall Group REIT  | 1491963 | 24257 |
| Embassy Office Parks REIT  | 4429528 | 21465 |
| Mindspace Business Parks REIT  | 1250000 | 6607 |
| NTT DC REIT <sup>(a)</sup>  | 5706900 | 5815 |
| Lodha Developers, Ltd.  | 442564 | 5226 |
| St. Joe Co.  | 70902 | 4209 |
| Altus Group, Ltd.  | 88775 | 3668 |
|  |  | 71247 |
| **Utilities 1.61%** |  |  |
| Black Hills Corp.  | 280286 | 19457 |
| Talen Energy Corp. <sup>(a)</sup>  | 23357 | 8755 |

---

American Funds Insurance Series<sub>10</sub>

------

Global Small Capitalization Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities (continued)** |  |  |
| Nippon Gas Co., Ltd.  | 364000 | $6893 |
| SembCorp Industries, Ltd.  | 1425500 | 6655 |
| IDACORP, Inc.  | 45900 | 5809 |
|  |  | 47569 |
| **Total common stocks** (cost: $2,108,611,000) | **Total common stocks** (cost: $2,108,611,000) | 2838047 |
| Preferred securities 0.66% |  |  |
| **Information technology 0.41%** |  |  |
| SmartHR, Inc., Series D, preferred shares <sup>(a)(c)(d)</sup>  | 3006 | 10054 |
| Yotpo, Ltd., Series F, preferred shares <sup>(a)(c)(d)</sup>  | 2158609 | 842 |
| Yotpo, Ltd., Series B, preferred shares <sup>(a)(c)(d)</sup>  | 287894 | 112 |
| Yotpo, Ltd., Series C, preferred shares <sup>(a)(c)(d)</sup>  | 274070 | 107 |
| Yotpo, Ltd., Series A-1, preferred shares <sup>(a)(c)(d)</sup>  | 183819 | 72 |
| Yotpo, Ltd., Series A, preferred shares <sup>(a)(c)(d)</sup>  | 89605 | 35 |
| Yotpo, Ltd., Series C-1, preferred shares <sup>(a)(c)(d)</sup>  | 75980 | 30 |
| Yotpo, Ltd., Series D, preferred shares <sup>(a)(c)(d)</sup>  | 42368 | 16 |
| Yotpo, Ltd., Series B-1, preferred shares <sup>(a)(c)(d)</sup>  | 33838 | 13 |
| Outreach Corp., Series G, preferred shares <sup>(a)(c)(d)</sup>  | 154354 | 807 |
|  |  | 12088 |
| **Financials 0.25%** |  |  |
| Federal Home Loan Mortgage Corp., Series Z, 8.375% noncumulative preferred shares <sup>(a)(b)</sup>  | 500000 | 7200 |
| **Total preferred securities** (cost: $27,808,000) | **Total preferred securities** (cost: $27,808,000) | 19288 |
| Rights & warrants 0.00% |  |  |
| **Consumer discretionary 0.00%** |  |  |
| Smartfit Escola de Ginastica e Danca SA, rights, expire 1/6/2026 <sup>(a)</sup>  | 21419 | 12 |
| Convertible bonds & notes 0.05% | Principal amount<br> (000)<br>|  |
| **Information technology 0.05%** |  |  |
| Wolfspeed, Inc., convertible notes, 2.50% 6/15/2031  | USD773 | 1149 |
| Wolfspeed, Inc., convertible notes, 2.50% 6/15/2031 <sup>(e)</sup>  | 291 | 432 |
| **Total convertible bonds & notes** (cost: $923,000) | **Total convertible bonds & notes** (cost: $923,000) | 1581 |
| Bonds, notes & other debt instruments 0.03% |  |  |
| **Corporate bonds and notes 0.03%** | **Corporate bonds and notes 0.03%** | **Corporate bonds and notes 0.03%** |
| **Information technology 0.03%** |  |  |
| Wolfspeed, Inc. 7.00% Cash 6/15/2031 (7.00% on 12/15/2030) <sup>(f)(g)</sup>  | 1173 | 945 |
| **Total bonds, notes & other debt instruments** (cost: $1,334,000) | **Total bonds, notes & other debt instruments** (cost: $1,334,000) | 945 |
| Short-term securities 6.72% | Shares |  |
| **Money market investments 2.90%** | **Money market investments 2.90%** | **Money market investments 2.90%** |
| Capital Group Central Cash Fund 3.79% <sup>(h)(i)</sup>  | 856817 | 85690 |

---

---

| | |
|:---|:---|
| **11** | American Funds Insurance Series |

---

------

Global Small Capitalization Fund (continued)

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) |  | Shares | Value<br> (000)<br>|
| **Money market investments purchased with collateral from securities on loan 2.33%** | **Money market investments purchased with collateral from securities on loan 2.33%** | **Money market investments purchased with collateral from securities on loan 2.33%** | **Money market investments purchased with collateral from securities on loan 2.33%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(h)(j)</sup>  | Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(h)(j)</sup>  | 55116990 | $55117 |
| Capital Group Central Cash Fund 3.79% <sup>(h)(i)(j)</sup>  | Capital Group Central Cash Fund 3.79% <sup>(h)(i)(j)</sup>  | 138082 | 13810 |
|  |  |  | 68927 |
|  | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>|  |
| **Commercial paper 1.49%** | **Commercial paper 1.49%** | **Commercial paper 1.49%** | **Commercial paper 1.49%** |
| Oversea-Chinese Banking Corp., Ltd. 1/16/2026 <sup>(e)</sup>  | 3.214<br> %<br>| USD21,500 | 21464 |
| TOTAL Holdings USA, Inc. 1/9/2026 <sup>(e)</sup>  | 2.868 | 22500 | 22479 |
|  |  |  | 43943 |
| **Total short-term securities** (cost: $198,558,000) | **Total short-term securities** (cost: $198,558,000) | **Total short-term securities** (cost: $198,558,000) | 198560 |
| **Total investment securities 103.54%** (cost: $2,337,234,000) | **Total investment securities 103.54%** (cost: $2,337,234,000) | **Total investment securities 103.54%** (cost: $2,337,234,000) | 3058433 |
| Other assets less liabilities (3.54)% | Other assets less liabilities (3.54)% |  | (104630)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $2953803 |

---

**Investments in affiliates** <sup>(i)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.00%** |  |  |  |  |  |  |  |
| **Consumer discretionary 0.00%** |  |  |  |  |  |  |  |
| Lands' End, Inc. <sup>(a)(k)</sup>  | $27594 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16981 | &nbsp;&nbsp; $2176 | &nbsp;&nbsp; $(12789)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| **Short-term securities 3.37%** |  |  |  |  |  |  |  |
| **Money market investments 2.90%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(h)</sup>  | 16001 | &nbsp;&nbsp; 781768 | &nbsp;&nbsp; 712093 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 85690 | &nbsp;&nbsp; 4646 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.47%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(h)(j)</sup>  | 19927 |  | &nbsp;&nbsp; 6117 <br><sup>(l)</sup><br>|  |  | &nbsp;&nbsp; 13810 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| **Total short-term securities** |  |  |  |  |  | &nbsp;&nbsp; 99500 |  |
| **Total 3.37%** |  |  |  | &nbsp;&nbsp; $2186 | &nbsp;&nbsp; $(12785)<br>| &nbsp;&nbsp; $99500 | &nbsp;&nbsp; $4646 |

---

**Restricted securities** <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| CompoSecure, Inc., Class A <sup>(a)</sup> <br>| 12/24/2025 | $17554 | $17014 | 0.57<br> %<br>|
| SmartHR, Inc., Series D, preferred shares <sup>(a)(d)</sup> <br>| 5/28/2021 | 14344 | 10054 | 0.34 |
| Yotpo, Ltd., Series F, preferred shares <sup>(a)(d)</sup> <br>| 2/25/2021 | 4748 | 842 | 0.03 |
| Yotpo, Ltd. <sup>(a)(d)</sup> <br>| 3/16/2021 | 1418 | 265 | 0.01 |
| Yotpo, Ltd., Series B, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 602 | 112 | 0.01 |
| Yotpo, Ltd., Series C, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 573 | 107 | 0.00 <br><sup>(n)</sup><br>|
| Yotpo, Ltd., Series A-1, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 384 | 72 | 0.00 <br><sup>(n)</sup><br>|
| Yotpo, Ltd., Series A, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 187 | 35 | 0.00 <br><sup>(n)</sup><br>|
| Yotpo, Ltd., Series C-1, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 159 | 30 | 0.00 <br><sup>(n)</sup><br>|
| Yotpo, Ltd., Series D, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | 88 | 16 | 0.00 <br><sup>(n)</sup><br>|

---

American Funds Insurance Series<sub>12</sub>

------

Global Small Capitalization Fund (continued)

**Restricted securities** <sup>(c)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| Yotpo, Ltd., Series B-1, preferred shares <sup>(a)(d)</sup> <br>| 3/16/2021 | $71 | $13 | 0.00 %<sup>(n)</sup><br>|
| Outreach Corp., Series G, preferred shares <sup>(a)(d)</sup> <br>| 5/27/2021 | 4517 | 807 | 0.03 |
| **Total** |  | $44645 | $29367 | 0.99<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> Value determined using significant unobservable inputs.

<sup>(e)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $44,375,000, which represented 1.50% of the net assets of the fund. 

<sup>(f)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(g)</sup> Step bond; coupon rate may change at a later date.

<sup>(h)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(i)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(j)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(k)</sup> Affiliated issuer during the reporting period but no longer held at 12/31/2025.

<sup>(l)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(m)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(n)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CDI = CREST Depository Interest  |
| EUR = Euros |
| REIT = Real Estate Investment Trust |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **13** | American Funds Insurance Series |

---

------

Growth Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 97.05% | Shares | Value<br> (000)<br>|
| **Information technology 30.03%** |  |  |
| NVIDIA Corp.  | 14633168 | $2729086 |
| Broadcom, Inc.  | 7127917 | 2466972 |
| Microsoft Corp.  | 4705891 | 2275863 |
| Micron Technology, Inc.  | 4145247 | 1183095 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 6681199 | 1075473 |
| Apple, Inc.  | 3469920 | 943333 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 3933670 | 775523 |
| Salesforce, Inc.  | 2329847 | 617200 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 9590699 | 468538 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 178139 | 54135 |
| SK hynix, Inc.  | 1021431 | 462530 |
| Strategy, Inc., Class A <sup>(a)</sup>  | 2430046 | 369246 |
| Constellation Software, Inc.  | 144522 | 347619 |
| Fair Isaac Corp. <sup>(a)</sup>  | 159463 | 269591 |
| Synopsys, Inc. <sup>(a)</sup>  | 548921 | 257839 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 321334 | 216521 |
| KLA Corp.  | 161842 | 196651 |
| Unity Software, Inc. <sup>(a)</sup>  | 4187714 | 184971 |
| Adobe, Inc. <sup>(a)</sup>  | 464126 | 162440 |
| Intel Corp. <sup>(a)</sup>  | 4381849 | 161690 |
| Amphenol Corp., Class A  | 1061587 | 143463 |
| ASML Holding NV (ADR)  | 121131 | 129593 |
| ASML Holding NV  | 11142 | 11910 |
| Klaviyo, Inc., Class A <sup>(a)</sup>  | 3758673 | 122044 |
| Gartner, Inc. <sup>(a)</sup>  | 440392 | 111102 |
| DocuSign, Inc. <sup>(a)</sup>  | 1362952 | 93226 |
| Intuit, Inc.  | 109602 | 72603 |
| Fortinet, Inc. <sup>(a)</sup>  | 840566 | 66749 |
| Monday.com, Ltd. <sup>(a)</sup>  | 437980 | 64628 |
| HubSpot, Inc. <sup>(a)</sup>  | 133103 | 53414 |
| Accenture PLC, Class A  | 194545 | 52196 |
| Datadog, Inc., Class A <sup>(a)</sup>  | 322570 | 43866 |
| RingCentral, Inc., Class A <sup>(a)</sup>  | 1465500 | 42324 |
| Tower Semiconductor, Ltd. <sup>(a)</sup>  | 328759 | 38603 |
| Atlassian Corp., Class A <sup>(a)</sup>  | 175462 | 28449 |
| Applied Materials, Inc.  | 102877 | 26438 |
| Hewlett Packard Enterprise Co.  | 1097823 | 26370 |
| OpenAI Group PBC, Class A <sup>(a)(b)</sup>  | 35568 | 17228 |
| MKS, Inc.  | 101047 | 16147 |
| ServiceNow, Inc. <sup>(a)</sup>  | 100415 | 15383 |
| TE Connectivity PLC  | 58501 | 13310 |
| Stripe, Inc., Class B <sup>(a)(b)(c)</sup>  | 168598 | 6983 |
| Figma, Inc. <sup>(a)</sup>  | 181900 | 6798 |
|  |  | 16421143 |
| **Communication services 17.08%** |  |  |
| Meta Platforms, Inc., Class A  | 6338307 | 4183853 |
| Alphabet, Inc., Class A  | 5117670 | 1601831 |
| Alphabet, Inc., Class C  | 4890122 | 1534520 |
| Netflix, Inc. <sup>(a)</sup>  | 11967549 | 1122077 |
| Live Nation Entertainment, Inc. <sup>(a)</sup>  | 1673146 | 238423 |
| Snap, Inc., Class A, nonvoting shares <sup>(a)</sup>  | 27200000 | 219504 |
| ROBLOX Corp., Class A <sup>(a)</sup>  | 2022582 | 163890 |
| Reddit, Inc., Class A <sup>(a)</sup>  | 385000 | 88500 |
| Charter Communications, Inc., Class A <sup>(a)</sup>  | 257459 | 53745 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup>  | 205671 | 52658 |
| T-Mobile US, Inc.  | 142902 | 29015 |

---

American Funds Insurance Series<sub>14</sub>

------

Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication services (continued)** |  |  |
| Nintendo Co., Ltd.  | 411400 | $27790 |
| Spotify Technology SA <sup>(a)</sup>  | 36511 | 21202 |
| Stubhub Holdings, Inc., Class A <sup>(a)(d)</sup>  | 289405 | 3916 |
|  |  | 9340924 |
| **Consumer discretionary 15.69%** |  |  |
| Tesla, Inc. <sup>(a)</sup>  | 7508443 | 3376697 |
| Amazon.com, Inc. <sup>(a)</sup>  | 4731936 | 1092225 |
| Royal Caribbean Cruises, Ltd.  | 1873957 | 522684 |
| D.R. Horton, Inc.  | 3192890 | 459872 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 9143057 | 338293 |
| DoorDash, Inc., Class A <sup>(a)</sup>  | 1463440 | 331440 |
| NIKE, Inc., Class B  | 4175649 | 266031 |
| Flutter Entertainment PLC <sup>(a)</sup>  | 1088583 | 234089 |
| Burlington Stores, Inc. <sup>(a)</sup>  | 606948 | 175317 |
| Tractor Supply Co.  | 3325000 | 166283 |
| Hermes International  | 61000 | 150713 |
| Wayfair, Inc., Class A <sup>(a)</sup>  | 1406061 | 141183 |
| Norwegian Cruise Line Holdings, Ltd. <sup>(a)</sup>  | 6094950 | 136039 |
| Rivian Automotive, Inc., Class A <sup>(a)</sup>  | 6072024 | 119680 |
| Aramark  | 3218114 | 118620 |
| Home Depot, Inc.  | 315781 | 108660 |
| Texas Roadhouse, Inc.  | 569220 | 94491 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 103754 | 78220 |
| CAVA Group, Inc. <sup>(a)</sup>  | 1153603 | 67705 |
| Service Corp. International  | 848647 | 66169 |
| Amadeus IT Group SA, Class A, non-registered shares  | 900457 | 66047 |
| Five Below, Inc. <sup>(a)</sup>  | 252000 | 47467 |
| Duolingo, Inc., Class A <sup>(a)</sup>  | 267716 | 46984 |
| TopBuild Corp. <sup>(a)</sup>  | 109349 | 45619 |
| Churchill Downs, Inc.  | 393735 | 44799 |
| Booking Holdings, Inc.  | 8123 | 43501 |
| DraftKings, Inc., Class A <sup>(a)</sup>  | 1260429 | 43434 |
| Floor & Decor Holdings, Inc., Class A <sup>(a)</sup>  | 690678 | 42055 |
| YUM! Brands, Inc.  | 246744 | 37327 |
| O'Reilly Automotive, Inc. <sup>(a)</sup>  | 310795 | 28348 |
| Polaris, Inc.  | 371000 | 23466 |
| Starbucks Corp.  | 250453 | 21091 |
| AutoZone, Inc. <sup>(a)</sup>  | 5049 | 17124 |
| Marriott International, Inc., Class A  | 46380 | 14389 |
| Caesars Entertainment, Inc. <sup>(a)</sup>  | 356300 | 8334 |
| Helen of Troy, Ltd. <sup>(a)</sup>  | 269597 | 5729 |
|  |  | 8580125 |
| **Health care 10.98%** |  |  |
| Intuitive Surgical, Inc. <sup>(a)</sup>  | 1991933 | 1128151 |
| Eli Lilly and Co.  | 939135 | 1009270 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 1501764 | 680840 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 1708686 | 679459 |
| HCA Healthcare, Inc.  | 627846 | 293116 |
| UnitedHealth Group, Inc.  | 835333 | 275752 |
| Thermo Fisher Scientific, Inc.  | 472926 | 274037 |
| Boston Scientific Corp. <sup>(a)</sup>  | 2452163 | 233814 |
| Amgen, Inc.  | 520625 | 170406 |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup>  | 1674900 | 132501 |
| Illumina, Inc. <sup>(a)</sup>  | 993454 | 130302 |
| Guardant Health, Inc. <sup>(a)</sup>  | 1005728 | 102725 |
| Ascendis Pharma AS (ADR) <sup>(a)</sup>  | 444896 | 94870 |
| Moderna, Inc. <sup>(a)</sup>  | 3047100 | 89859 |

---

---

| | |
|:---|:---|
| **15** | American Funds Insurance Series |

---

------

Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care (continued)** |  |  |
| Mettler-Toledo International, Inc. <sup>(a)</sup>  | 62042 | $86498 |
| Danaher Corp.  | 375705 | 86006 |
| Align Technology, Inc. <sup>(a)</sup>  | 540602 | 84415 |
| Hims & Hers Health, Inc., Class A <sup>(a)(d)</sup>  | 2320554 | 75348 |
| Insmed, Inc. <sup>(a)</sup>  | 418330 | 72806 |
| EssilorLuxottica SA  | 229003 | 72405 |
| BioNTech SE (ADR) <sup>(a)</sup>  | 562734 | 53572 |
| Royalty Pharma PLC, Class A  | 955185 | 36908 |
| Abbott Laboratories  | 241437 | 30250 |
| IQVIA Holdings, Inc. <sup>(a)</sup>  | 105500 | 23781 |
| CRISPR Therapeutics AG <sup>(a)(d)</sup>  | 334619 | 17547 |
| Regeneron Pharmaceuticals, Inc.  | 21203 | 16366 |
| Humana, Inc.  | 52111 | 13347 |
| QIAGEN NV  | 294396 | 13239 |
| Veeva Systems, Inc., Class A <sup>(a)</sup>  | 41200 | 9197 |
| Verily Life Sciences, LLC <sup>(a)(b)(c)</sup>  | 300178 | 8789 |
| Doximity, Inc., Class A <sup>(a)</sup>  | 172495 | 7638 |
|  |  | 6003214 |
| **Industrials 9.20%** |  |  |
| TransDigm Group, Inc.  | 716472 | 952800 |
| General Electric Co.  | 1458179 | 449163 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 3678126 | 300540 |
| Quanta Services, Inc.  | 656371 | 277028 |
| FTAI Aviation, Ltd.  | 1289761 | 253889 |
| Ingersoll-Rand, Inc.  | 3178452 | 251797 |
| ATI, Inc. <sup>(a)</sup>  | 2086140 | 239405 |
| Republic Services, Inc.  | 1037338 | 219843 |
| United Airlines Holdings, Inc. <sup>(a)</sup>  | 1596411 | 178511 |
| Rocket Lab Corp. <sup>(a)</sup>  | 2320675 | 161890 |
| Northrop Grumman Corp.  | 202123 | 115253 |
| United Rentals, Inc.  | 132903 | 107561 |
| GE Vernova, Inc.  | 164046 | 107216 |
| Ryanair Holdings PLC (ADR)  | 1404492 | 101390 |
| Ryanair Holdings PLC  | 96554 | 3353 |
| Airbus SE, non-registered shares  | 426445 | 98915 |
| Copart, Inc. <sup>(a)</sup>  | 2348144 | 91930 |
| Saia, Inc. <sup>(a)</sup>  | 280378 | 91549 |
| Axon Enterprise, Inc. <sup>(a)</sup>  | 157223 | 89292 |
| Bombardier, Inc., Class B <sup>(a)</sup>  | 518058 | 88133 |
| Old Dominion Freight Line, Inc.  | 490000 | 76832 |
| Tetra Tech, Inc.  | 2192104 | 73523 |
| Casella Waste Systems, Inc., Class A <sup>(a)</sup>  | 701174 | 68673 |
| Equifax, Inc.  | 308063 | 66843 |
| Boeing Co. (The) <sup>(a)</sup>  | 307821 | 66834 |
| Willscot Holdings Corp., Class A  | 3295427 | 62053 |
| ITT, Inc.  | 343000 | 59514 |
| Rolls-Royce Holdings PLC  | 3673109 | 57092 |
| Loar Holdings, Inc. <sup>(a)</sup>  | 817165 | 55567 |
| HEICO Corp.  | 137622 | 44533 |
| Carrier Global Corp.  | 709345 | 37482 |
| XPO, Inc. <sup>(a)</sup>  | 263564 | 35821 |
| Enerpac Tool Group Corp., Class A  | 924087 | 35337 |
| Applied Industrial Technologies, Inc.  | 93197 | 23930 |
| Lennox International, Inc.  | 43370 | 21060 |
| Caterpillar, Inc.  | 30500 | 17472 |
| Builders FirstSource, Inc. <sup>(a)</sup>  | 160656 | 16530 |
| SPX Technologies, Inc. <sup>(a)</sup>  | 65962 | 13196 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **16** |

---

------

Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Safran SA  | 31998 | $11135 |
| Einride AB <sup>(a)(b)(c)</sup>  | 128088 | 2621 |
| Einride AB (EUR denominated) <sup>(a)(b)(c)</sup>  | 78648 | 1609 |
|  |  | 5027115 |
| **Financials 7.45%** |  |  |
| Visa, Inc., Class A  | 2133721 | 748317 |
| Bank of America Corp.  | 9094572 | 500202 |
| Toast, Inc., Class A <sup>(a)</sup>  | 8375874 | 297427 |
| Affirm Holdings, Inc., Class A <sup>(a)</sup>  | 3595701 | 267628 |
| Mastercard, Inc., Class A  | 467855 | 267089 |
| Capital One Financial Corp.  | 955209 | 231504 |
| KKR & Co., Inc.  | 1738534 | 221628 |
| Apollo Asset Management, Inc.  | 1370731 | 198427 |
| LPL Financial Holdings, Inc.  | 477139 | 170420 |
| Block, Inc., Class A <sup>(a)</sup>  | 2393874 | 155817 |
| Brookfield Corp., Class A  | 3275187 | 150298 |
| American Express Co.  | 292646 | 108264 |
| UBS Group AG  | 2174000 | 100498 |
| Blue Owl Capital, Inc., Class A <sup>(d)</sup>  | 6686183 | 99892 |
| Coinbase Global, Inc., Class A <sup>(a)</sup>  | 330462 | 74731 |
| Progressive Corp.  | 307337 | 69987 |
| Truist Financial Corp.  | 1350366 | 66452 |
| Blackstone, Inc.  | 372497 | 57417 |
| Ares Management Corp., Class A  | 346466 | 55999 |
| Marsh & McLennan Cos., Inc.  | 267515 | 49629 |
| Brown & Brown, Inc.  | 598260 | 47681 |
| Ryan Specialty Holdings, Inc., Class A  | 870000 | 44918 |
| Kinsale Capital Group, Inc.  | 73584 | 28780 |
| Intercontinental Exchange, Inc.  | 176208 | 28539 |
| Aon PLC, Class A  | 57337 | 20233 |
| Tradeweb Markets, Inc., Class A  | 118829 | 12779 |
|  |  | 4074556 |
| **Consumer staples 1.87%** |  |  |
| Performance Food Group Co. <sup>(a)</sup>  | 3559500 | 320070 |
| Costco Wholesale Corp.  | 303405 | 261638 |
| Philip Morris International, Inc.  | 1376564 | 220801 |
| Bunge Global SA  | 679809 | 60557 |
| Church & Dwight Co., Inc.  | 600863 | 50382 |
| Walmart, Inc.  | 421746 | 46987 |
| Dollar Tree Stores, Inc. <sup>(a)</sup>  | 326400 | 40151 |
| Estee Lauder Cos., Inc. (The), Class A  | 163107 | 17081 |
| JUUL Labs, Inc., Class A <sup>(a)(b)(c)(e)</sup>  | 2496349 | 4743 |
|  |  | 1022410 |
| **Materials 1.79%** |  |  |
| Wheaton Precious Metals Corp.  | 2483836 | 291900 |
| Grupo Mexico, SAB de CV, Series B  | 19156155 | 180876 |
| Albemarle Corp.  | 1072000 | 151624 |
| Royal Gold, Inc.  | 551247 | 122537 |
| Barrick Mining Corp.  | 1945890 | 84743 |
| Franco-Nevada Corp. (CAD denominated)  | 323280 | 67011 |
| Glencore PLC  | 5275000 | 28695 |
| Linde PLC  | 61350 | 26159 |
| Ecolab, Inc.  | 93883 | 24646 |
|  |  | 978191 |

---

---

| | |
|:---|:---|
| **17** | American Funds Insurance Series |

---

------

Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy 1.55%** |  |  |
| EOG Resources, Inc.  | 2238224 | $235036 |
| Baker Hughes Co., Class A  | 3500000 | 159390 |
| TechnipFMC PLC  | 2000000 | 89120 |
| ConocoPhillips  | 815850 | 76372 |
| Viper Energy, Inc., Class A  | 1904761 | 73581 |
| Diamondback Energy, Inc.  | 325000 | 48857 |
| EQT Corp.  | 775751 | 41580 |
| Cenovus Energy, Inc. (CAD denominated)  | 2415901 | 40871 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 1087226 | 36826 |
| Tourmaline Oil Corp.  | 596759 | 26769 |
| SLB, Ltd.  | 470914 | 18074 |
|  |  | 846476 |
| **Real estate 0.74%** |  |  |
| Welltower, Inc. REIT  | 908669 | 168658 |
| Zillow Group, Inc., Class C, nonvoting shares <sup>(a)</sup>  | 2105080 | 143609 |
| CoStar Group, Inc. <sup>(a)</sup>  | 1393047 | 93668 |
|  |  | 405935 |
| **Utilities 0.67%** |  |  |
| Constellation Energy Corp.  | 509942 | 180147 |
| NRG Energy, Inc.  | 505712 | 80530 |
| Vistra Corp.  | 455512 | 73488 |
| Southern Co. (The)  | 357034 | 31133 |
|  |  | 365298 |
| **Total common stocks** (cost: $21,705,770,000) |  | 53065387 |
| Preferred securities 0.58% |  |  |
| **Information technology 0.57%** |  |  |
| Anthropic, PBC, Class F, preferred shares <sup>(a)(b)(c)</sup>  | 613792 | 154007 |
| Stripe, Inc., Series I, 6.00% noncumulative preferred shares <sup>(a)(b)(c)</sup>  | 2763342 | 114458 |
| Stripe, Inc., Series H, 6.00% noncumulative preferred shares <sup>(a)(b)(c)</sup>  | 52656 | 2181 |
| PsiQuantum Corp., Series D, preferred shares <sup>(a)(b)(c)</sup>  | 906761 | 37291 |
| PsiQuantum Corp., Series E, preferred shares <sup>(a)(b)(c)</sup>  | 56040 | 2305 |
| Tipalti Solutions, Ltd., Series F, preferred shares <sup>(a)(b)(c)</sup>  | 406310 | 1706 |
|  |  | 311948 |
| **Industrials 0.01%** |  |  |
| Einride AB, Series C, preferred shares <sup>(a)(b)(c)</sup>  | 154765 | 3167 |
| **Total preferred securities** (cost: $182,580,000) |  | 315115 |
| Rights & warrants 0.00% |  |  |
| **Information technology 0.00%** |  |  |
| Constellation Software, Inc., warrants, expire 3/31/2040 <sup>(a)(b)</sup>  | 53352 | — <br><sup>(f)</sup><br>|
| **Total rights & warrants** (cost: $0) |  | — <br><sup>(f)</sup><br>|
| Convertible stocks 0.08% |  |  |
| **Information technology 0.07%** |  |  |
| OpenAI Group PBC, Class A-2, convertible preferred shares <sup>(b)</sup>  | 73144 | 35429 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **18** |

---

------

Growth Fund (continued)

---

| | | |
|:---|:---|:---|
| Convertible stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials 0.01%** |  |  |
| Albemarle Corp., Class A, cumulative convertible preferred depositary shares, 7.25% 3/1/2027  | 128700 | $7644 |
| **Industrials 0.00%** |  |  |
| Long Wall Co., Class A-10, noncumulative convertible preferred shares <sup>(b)(c)</sup>  | 809003 | 534 |
| Long Wall Co., Class A-9, noncumulative convertible preferred shares <sup>(b)(c)</sup>  | 171920 | 113 |
|  |  | 647 |
| **Total convertible stocks** (cost: $32,010,000) |  | 43720 |
| Short-term securities 2.43% |  |  |
| **Money market investments 2.38%** | **Money market investments 2.38%** | **Money market investments 2.38%** |
| Capital Group Central Cash Fund 3.79% <sup>(g)(h)</sup>  | 13034717 | 1303602 |
| **Money market investments purchased with collateral from securities on loan 0.05%** | **Money market investments purchased with collateral from securities on loan 0.05%** | **Money market investments purchased with collateral from securities on loan 0.05%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(g)(i)</sup>  | 26762407 | 26762 |
| **Total short-term securities** (cost: $1,330,110,000) |  | 1330364 |
| **Total investment securities 100.14%** (cost: $23,250,470,000) |  | 54754586 |
| Other assets less liabilities (0.14)% |  | (75804)<br>|
| **Net assets 100.00%** |  | $54678782 |

---

**Investments in affiliates** <sup>(h)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 2.38%** |  |  |  |  |  |  |  |
| **Money market investments 2.38%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(g)</sup>  | $1045665 | &nbsp;&nbsp; $5918652 | &nbsp;&nbsp; $5660837 | &nbsp;&nbsp; $66 | &nbsp;&nbsp; $56 | &nbsp;&nbsp; $1303602 | &nbsp;&nbsp; $51607 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(g)</sup>  | 4032 |  | &nbsp;&nbsp; 4032 <br><sup>(j)</sup><br>|  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| **Total 2.38%** |  |  |  | &nbsp;&nbsp; $66 | &nbsp;&nbsp; $56 | &nbsp;&nbsp; $1303602 | &nbsp;&nbsp; $51607 |

---

**Restricted securities** <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Anthropic, PBC, Class F, preferred shares <sup>(a)(b)</sup> <br>| 8/29/2025 | $86525 | $154007 | 0.28<br> %<br>|
| Stripe, Inc., Series I, 6.00% noncumulative preferred shares <sup>(a)(b)</sup> <br>| 3/15/2023 | 55638 | 114458 | 0.21 |
| Stripe, Inc., Class B <sup>(a)(b)</sup> <br>| 5/6/'2021 | 6766 | 6983 | 0.01 |
| Stripe, Inc., Series H, 6.00% noncumulative preferred shares <sup>(a)(b)</sup> <br>| 3/15/2021 | 2113 | 2181 | 0.01 |
| PsiQuantum Corp., Series D, preferred shares <sup>(a)(b)</sup> <br>| 5/28/2021 | 23781 | 37291 | 0.07 |
| PsiQuantum Corp., Series E, preferred shares <sup>(a)(b)</sup> <br>| 5/23/2025-6/3/2025 | 2305 | 2305 | 0.00 <br><sup>(l)</sup><br>|
| Verily Life Sciences, LLC <sup>(a)(b)</sup> <br>| 12/21/2018 | 37000 | 8789 | 0.02 |

---

---

| | |
|:---|:---|
| **19** | American Funds Insurance Series |

---

------

Growth Fund (continued)

**Restricted securities** <sup>(c)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| Einride AB, Series C, preferred shares <sup>(a)(b)</sup> <br>| 11/23/2022-8/1/2024 | $5262 | $3167 | 0.01<br> %<br>|
| Einride AB <sup>(a)(b)</sup> <br>| 7/14/2025 | 4355 | 2621 | 0.00 <br><sup>(l)</sup><br>|
| Einride AB (EUR denominated) <sup>(a)(b)</sup> <br>| 2/1/2023 | 2674 | 1609 | 0.00 <br><sup>(l)</sup><br>|
| JUUL Labs, Inc., Class A <sup>(a)(b)(e)</sup> <br>| 7/29/2024 | 19001 | 4743 | 0.01 |
| Tipalti Solutions, Ltd., Series F, preferred shares <sup>(a)(b)</sup> <br>| 12/1/2021 | 6956 | 1706 | 0.00 <br><sup>(l)</sup><br>|
| Long Wall Co., Class A-10, noncumulative convertible preferred <br> shares <sup>(b)</sup> <br>| 12/14/2023 | 1382 | 534 | 0.00 <br><sup>(l)</sup><br>|
| Long Wall Co., Class A-9, noncumulative convertible preferred <br> shares <sup>(b)</sup> <br>| 10/22/2021 | 10452 | 113 | 0.00 <br><sup>(l)</sup><br>|
| **Total** |  | $264210 | $340507 | 0.62<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(e)</sup> Security is subject to a contractual sale restriction (lockup). The total value of all such securities was $4,743,000, which represented 0.01% of the net assets of the fund. The remaining lockup period is generally less than one year; and early lockup release provisions may be applicable based on certain set milestones or condition in accordance with legal documents. 

<sup>(f)</sup> Amount less than one thousand.

<sup>(g)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(h)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(i)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(j)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(k)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(l)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| EUR = Euros |
| REIT = Real Estate Investment Trust |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **20** |

---

------

International Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 98.16% | Shares | Value<br> (000)<br>|
| **Financials 16.89%** |  |  |
| Standard Chartered PLC  | 11011203 | $268904 |
| 3i Group PLC  | 2897302 | 126054 |
| Banco Bilbao Vizcaya Argentaria SA  | 5332751 | 124734 |
| Nu Holdings, Ltd., Class A <sup>(a)</sup>  | 6922206 | 115878 |
| KB Financial Group, Inc.  | 1185335 | 102470 |
| Mizuho Financial Group, Inc.  | 2515100 | 91328 |
| Banco Santander SA  | 6836212 | 80222 |
| Banco BPM SpA  | 3615692 | 54921 |
| AIA Group, Ltd.  | 5207391 | 53488 |
| ING Groep NV  | 1613867 | 45368 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 56655 | 37414 |
| Tokio Marine Holdings, Inc.  | 905800 | 33629 |
| Bank Central Asia Tbk PT  | 56767400 | 27401 |
| BPER Banca SpA <sup>(b)</sup>  | 1418221 | 19178 |
| NatWest Group PLC  | 1567793 | 13674 |
| Allianz SE  | 27705 | 12707 |
| Hana Financial Group, Inc.  | 186011 | 12133 |
| Brookfield Corp., Class A (CAD denominated)  | 233122 | 10704 |
| Japan Post Bank Co., Ltd.  | 619400 | 8711 |
| China Merchants Bank Co., Ltd., Class A  | 1205700 | 7264 |
| ICICI Bank, Ltd.  | 442491 | 6606 |
| Futu Holdings, Ltd. (ADR) <sup>(a)</sup>  | 35499 | 5829 |
|  |  | 1258617 |
| **Industrials 16.27%** |  |  |
| Airbus SE, non-registered shares  | 1101390 | 255471 |
| Rolls-Royce Holdings PLC  | 8463724 | 131553 |
| Siemens AG  | 303400 | 85206 |
| MTU Aero Engines AG  | 179935 | 75054 |
| Recruit Holdings Co., Ltd.  | 1308162 | 74627 |
| Melrose Industries PLC  | 9427170 | 74169 |
| Techtronic Industries Co., Ltd.  | 5617550 | 64539 |
| Volvo AB, Class B  | 1368822 | 43876 |
| Diploma PLC  | 598717 | 42730 |
| Localiza Rent a Car SA, ordinary nominative shares  | 5068783 | 39975 |
| Localiza Rent a Car SA <sup>(a)</sup>  | 194953 | 1476 |
| WEG SA  | 3980205 | 35650 |
| ITOCHU Corp.  | 2657500 | 33545 |
| Marubeni Corp.  | 1159900 | 32276 |
| IHI Corp.  | 1824200 | 32164 |
| Hitachi, Ltd.  | 990979 | 30744 |
| Schneider Electric SE  | 95190 | 26092 |
| Rumo SA  | 9764390 | 26083 |
| Safran SA  | 56700 | 19730 |
| RELX PLC  | 379889 | 15366 |
| DSV A/S  | 50961 | 12824 |
| Bureau Veritas SA  | 386859 | 12320 |
| AtkinsRealis Group, Inc.  | 172152 | 11113 |
| Singapore Technologies Engineering, Ltd.  | 1674050 | 10922 |
| Experian PLC  | 236977 | 10718 |
| Larsen & Toubro, Ltd.  | 126454 | 5745 |
| Compagnie de Saint-Gobain SA, non-registered shares  | 46865 | 4757 |
| Ashtead Group PLC  | 54171 | 3696 |
|  |  | 1212421 |
| **Information technology 15.10%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 9377867 | 458141 |
| SK hynix, Inc.  | 314984 | 142633 |
| Tokyo Electron, Ltd.  | 647298 | 142158 |

---

---

| | |
|:---|:---|
| **21** | American Funds Insurance Series |

---

------

International Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Information technology (continued)** |  |  |
| ASML Holding NV  | 120453 | $128754 |
| Samsung Electronics Co., Ltd.  | 1529763 | 127497 |
| Nebius Group NV, Class A <sup>(a)(b)</sup>  | 330786 | 27689 |
| ARM Holdings PLC (ADR) <sup>(a)</sup>  | 196800 | 21512 |
| SAP SE  | 74969 | 18343 |
| Xiaomi Corp., Class B <sup>(a)</sup>  | 1932600 | 9754 |
| NEC Corp.  | 244075 | 8230 |
| Infineon Technologies AG  | 183939 | 8150 |
| Canva Australia Holdings Pty, Ltd. <sup>(a)(c)(d)</sup>  | 4819 | 7933 |
| Elite Material Co., Ltd.  | 151233 | 7844 |
| Delta Electronics, Inc.  | 244000 | 7424 |
| Tata Consultancy Services, Ltd.  | 137136 | 4902 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 28772 | 4632 |
|  |  | 1125596 |
| **Materials 12.39%** |  |  |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 14456903 | 387610 |
| Ivanhoe Mines, Ltd., Class A <sup>(a)</sup>  | 8609925 | 97921 |
| Ivanhoe Mines, Ltd., Class A <sup>(a)(d)</sup>  | 3675281 | 41799 |
| Grupo Mexico, SAB de CV, Series B  | 8937237 | 84387 |
| Nitto Denko Corp.  | 3520415 | 83649 |
| Anglo American PLC  | 1721774 | 70953 |
| Nippon Steel Corp.  | 9999000 | 40892 |
| Shin-Etsu Chemical Co., Ltd.  | 1077664 | 33513 |
| Air Liquide SA  | 118039 | 22213 |
| Antofagasta PLC  | 379688 | 16665 |
| Wheaton Precious Metals Corp.  | 88388 | 10387 |
| Smurfit Westrock PLC  | 247511 | 9571 |
| Nippon Sanso Holdings Corp.  | 304021 | 9078 |
| Akzo Nobel NV  | 88591 | 6153 |
| Buzzi SpA  | 87826 | 5339 |
| DSM-Firmenich AG  | 36039 | 2912 |
|  |  | 923042 |
| **Communication services 9.56%** |  |  |
| SoftBank Group Corp.  | 10784964 | 304053 |
| Tencent Holdings, Ltd.  | 1764115 | 135179 |
| Bharti Airtel, Ltd.  | 4398206 | 103178 |
| Singapore Telecommunications, Ltd.  | 11548300 | 40916 |
| Nintendo Co., Ltd.  | 536900 | 36267 |
| Deutsche Telekom AG  | 974869 | 31622 |
| NetEase, Inc.  | 734816 | 20222 |
| Universal Music Group NV  | 657391 | 17175 |
| Spotify Technology SA <sup>(a)</sup>  | 25659 | 14900 |
| Advanced Info Service PCL, foreign registered shares  | 867289 | 8614 |
|  |  | 712126 |
| **Consumer discretionary 9.04%** |  |  |
| Moncler SpA  | 1032407 | 66354 |
| MercadoLibre, Inc. <sup>(a)</sup>  | 32883 | 66235 |
| Kering SA  | 179269 | 63257 |
| Compagnie Financiere Richemont SA, Class A  | 273347 | 58993 |
| Maruti Suzuki India, Ltd.  | 288268 | 53589 |
| Trip.com Group, Ltd.  | 580746 | 41659 |
| Sea, Ltd., Class A (ADR) <sup>(a)</sup>  | 313738 | 40023 |
| Prosus NV, Class N  | 643657 | 39754 |
| Industria de Diseno Textil SA  | 566003 | 37283 |
| Hyundai Motor Co.  | 162486 | 33269 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **22** |

---

------

International Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** |  |  |
| Ferrari NV (EUR denominated)  | 87650 | $32635 |
| NEXT PLC  | 129015 | 23737 |
| Flutter Entertainment PLC <sup>(a)</sup>  | 98385 | 21157 |
| Midea Group Co., Ltd., Class A  | 1128302 | 12614 |
| Fast Retailing Co., Ltd.  | 33500 | 12149 |
| Aristocrat Leisure, Ltd.  | 297447 | 11535 |
| Shimano, Inc. <sup>(b)</sup>  | 101600 | 10727 |
| Zensho Holdings Co., Ltd.  | 166100 | 9520 |
| Galaxy Entertainment Group, Ltd.  | 1925384 | 9443 |
| Compass Group PLC  | 292214 | 9297 |
| ANTA Sports Products, Ltd.  | 596775 | 6164 |
| Ryohin Keikaku Co., Ltd.  | 321757 | 5717 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 5799 | 4372 |
| Hermes International  | 1637 | 4044 |
|  |  | 673527 |
| **Health care 6.01%** |  |  |
| Novo Nordisk AS, Class B  | 3391577 | 172878 |
| Daiichi Sankyo Co., Ltd.  | 5868579 | 124987 |
| Zealand Pharma AS <sup>(a)</sup>  | 463564 | 33735 |
| Eurofins Scientific SE, non-registered shares  | 451508 | 33021 |
| AstraZeneca PLC  | 177294 | 32656 |
| EssilorLuxottica SA  | 70441 | 22272 |
| Sanofi  | 130708 | 12681 |
| Sandoz Group AG  | 159215 | 11604 |
| Ambu AS, Class B, non-registered shares <sup>(b)</sup>  | 274738 | 3788 |
|  |  | 447622 |
| **Energy 5.59%** |  |  |
| Reliance Industries, Ltd.  | 12131748 | 211754 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 4062860 | 137614 |
| Cenovus Energy, Inc. (CAD denominated)  | 2880905 | 48738 |
| Shell PLC (GBP denominated)  | 316792 | 11637 |
| Neste OYJ  | 300618 | 6803 |
|  |  | 416546 |
| **Consumer staples 4.50%** |  |  |
| British American Tobacco PLC  | 2634440 | 149314 |
| Danone SA  | 659961 | 59548 |
| L'Oreal SA, non-registered shares  | 86941 | 37344 |
| JBS NV (BDR) <sup>(a)</sup>  | 2188693 | 31566 |
| Marks and Spencer Group PLC  | 4024381 | 17902 |
| Ajinomoto Co., Inc.  | 669004 | 14150 |
| Avenue Supermarts, Ltd. <sup>(a)</sup>  | 262709 | 11052 |
| Kweichow Moutai Co., Ltd., Class A  | 46534 | 9164 |
| Imperial Brands PLC  | 136845 | 5753 |
|  |  | 335793 |
| **Utilities 2.81%** |  |  |
| Engie SA  | 2395754 | 62993 |
| Gulf Development PCL  | 27764456 | 36817 |
| E.ON SE  | 1586206 | 30069 |
| SSE PLC  | 987562 | 28958 |
| Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, ordinary nominative shares  | 783149 | 18770 |

---

---

| | |
|:---|:---|
| **23** | American Funds Insurance Series |

---

------

International Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities (continued)** |  |  |
| SembCorp Industries, Ltd.  | 2815100 | $13142 |
| National Grid PLC  | 702416 | 10825 |
| RWE AG  | 148645 | 7909 |
|  |  | 209483 |
| **Total common stocks** (cost: $4,876,359,000) |  | 7314773 |
| Preferred securities 0.46% |  |  |
| **Financials 0.45%** |  |  |
| Itau Unibanco Holding SA, preferred nominative shares  | 4652963 | 33353 |
| **Information technology 0.01%** |  |  |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 422 | 695 |
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 18 | 29 |
| Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 1 | 2 |
|  |  | 726 |
| **Total preferred securities** (cost: $27,145,000) |  | 34079 |
| Rights & warrants 0.00% |  |  |
| **Information technology 0.00%** |  |  |
| Constellation Software, Inc., warrants, expire 3/31/2040 <sup>(a)(c)</sup>  | 7730 | — <br><sup>(e)</sup><br>|
| **Total rights & warrants** (cost: $0) |  | — <br><sup>(e)</sup><br>|
| Short-term securities 2.00% |  |  |
| **Money market investments 1.65%** | **Money market investments 1.65%** | **Money market investments 1.65%** |
| Capital Group Central Cash Fund 3.79% <sup>(f)(g)</sup>  | 1227629 | 122775 |
| **Money market investments purchased with collateral from securities on loan 0.35%** | **Money market investments purchased with collateral from securities on loan 0.35%** | **Money market investments purchased with collateral from securities on loan 0.35%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(f)(h)</sup>  | 26275215 | 26276 |
| **Total short-term securities** (cost: $149,031,000) |  | 149051 |
| **Total investment securities 100.62%** (cost: $5,052,535,000) |  | 7497903 |
| Other assets less liabilities (0.62)% |  | (45923)<br>|
| **Net assets 100.00%** |  | $7451980 |

---

**Investments in affiliates** <sup>(g)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.65%** |  |  |  |  |  |  |  |
| **Money market investments 1.65%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(f)</sup>  | $396476 | &nbsp;&nbsp; $1657364 | &nbsp;&nbsp; $1930982 | &nbsp;&nbsp; $(57)<br>| &nbsp;&nbsp; $(26)<br>| &nbsp;&nbsp; $122775 | &nbsp;&nbsp; $11400 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **24** |

---

------

International Fund (continued)

**Investments in affiliates** <sup>(g)</sup> (continued)

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Value at<br> 1/1/2025<br> (000)<br>| Additions<br> (000)<br>| Net<br> realized<br> gain (loss)<br> (000)<br>| Net<br> unrealized<br> appreciation<br> (depreciation)<br> (000)<br>| Value at<br> 12/31/2025<br> (000)<br>| Dividend<br> or interest<br> income<br> (000)<br>|
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(f)</sup>  | $1000 | &nbsp;&nbsp; $—<br> &nbsp;&nbsp; $1000 <br><sup>(i)</sup><br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— <br><sup>(j)</sup><br>|
| **Total 1.65%** |  |  | &nbsp;&nbsp; $(57)<br>| &nbsp;&nbsp; $(26)<br>| &nbsp;&nbsp; $122775 | &nbsp;&nbsp; $11400 |

---

**Restricted securities** <sup>(d)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Ivanhoe Mines, Ltd., Class A <sup>(a)</sup> <br>| 12/18/2023 | $32962 | $41799 | 0.56<br> %<br>|
| Canva Australia Holdings Pty, Ltd. <sup>(a)(c)</sup> <br>| 8/26/2021-11/04/2021 | 8215 | 7933 | 0.11 |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 719 | 695 | 0.01 |
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 31 | 29 | 0.00 <br><sup>(k)</sup><br>|
| Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 2 | 2 | 0.00 <br><sup>(k)</sup><br>|
| **Total** |  | $41929 | $50458 | 0.68<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(e)</sup> Amount less than one thousand.

<sup>(f)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(g)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(h)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(i)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(j)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(k)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| BDR = Brazilian Depositary Receipts |
| CAD = Canadian dollars |
| EUR = Euros |
| GBP = British pounds |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **25** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup>

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 95.33% | Shares | Value<br> (000)<br>|
| **Information technology 22.63%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 6571269 | $321028 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 11523 | 3502 |
| SK hynix, Inc.  | 251877 | 114056 |
| Microsoft Corp.  | 157353 | 76099 |
| Broadcom, Inc.  | 210679 | 72916 |
| NVIDIA Corp.  | 320938 | 59855 |
| ASML Holding NV  | 25289 | 27032 |
| ASML Holding NV (ADR)  | 8318 | 8899 |
| Tokyo Electron, Ltd.  | 162200 | 35622 |
| KLA Corp.  | 14976 | 18197 |
| Samsung Electronics Co., Ltd.  | 191723 | 15979 |
| MediaTek, Inc.  | 326000 | 14772 |
| Xiaomi Corp., Class B <sup>(a)</sup>  | 2534000 | 12789 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 59018 | 11635 |
| Elite Material Co., Ltd.  | 220800 | 11453 |
| Capgemini SE  | 66733 | 11052 |
| Accton Technology Corp.  | 248000 | 9289 |
| Apple, Inc.  | 28459 | 7737 |
| Intel Corp. <sup>(a)</sup>  | 194842 | 7190 |
| Jentech Precision Industrial Co., Ltd.  | 77000 | 6634 |
| SAP SE  | 21612 | 5288 |
| SAP SE (ADR)  | 4295 | 1043 |
| Corning, Inc.  | 63115 | 5526 |
| E Ink Holdings, Inc.  | 780000 | 4901 |
| Oracle Corp.  | 24649 | 4804 |
| Micron Technology, Inc.  | 16655 | 4753 |
| Baidu, Inc., Class A <sup>(a)</sup>  | 275000 | 4508 |
| Kokusai Electric Corp.  | 114900 | 4011 |
| TDK Corp.  | 234000 | 3311 |
| Synopsys, Inc. <sup>(a)</sup>  | 7030 | 3302 |
| eMemory Technology, Inc.  | 59000 | 3221 |
| Infineon Technologies AG  | 67805 | 3004 |
| Zhongji Innolight Co., Ltd., Class A  | 33800 | 2928 |
| Keyence Corp.  | 7900 | 2862 |
| Globant SA <sup>(a)</sup>  | 36120 | 2361 |
| Delta Electronics, Inc.  | 74000 | 2252 |
| Unity Software, Inc. <sup>(a)</sup>  | 47136 | 2082 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 9701 | 1988 |
| ASE Technology Holding Co., Ltd.  | 242000 | 1918 |
| Tata Consultancy Services, Ltd.  | 40821 | 1459 |
| LITE-ON Technology Corp.  | 207000 | 1066 |
| HCL Technologies, Ltd.  | 51253 | 926 |
| Coforge, Ltd.  | 49378 | 914 |
| Credo Technology Group Holding, Ltd. <sup>(a)</sup>  | 5689 | 819 |
| Canva Australia Holdings Pty, Ltd. <sup>(a)(b)(c)</sup>  | 385 | 634 |
| Disco Corp.  | 1400 | 432 |
|  |  | 916049 |
| **Financials 17.42%** |  |  |
| Banco Bilbao Vizcaya Argentaria SA  | 2139537 | 50044 |
| Nu Holdings, Ltd., Class A <sup>(a)</sup>  | 2908006 | 48680 |
| Mastercard, Inc., Class A  | 56665 | 32349 |
| Standard Chartered PLC  | 1298185 | 31703 |
| Abu Dhabi Islamic Bank PJSC  | 4188342 | 23675 |
| AIA Group, Ltd.  | 2150600 | 22090 |
| Capitec Bank Holdings, Ltd.  | 84912 | 21323 |
| KB Financial Group, Inc.  | 241411 | 20869 |
| HDFC Bank, Ltd.  | 1864902 | 20607 |
| Kotak Mahindra Bank, Ltd.  | 836821 | 20495 |
| UniCredit SpA  | 246716 | 20481 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **26** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Eurobank SA  | 4059024 | $16268 |
| Hana Financial Group, Inc.  | 227598 | 14846 |
| Cholamandalam Investment and Finance Co., Ltd.  | 773211 | 14611 |
| PICC Property and Casualty Co., Ltd., Class H  | 6828947 | 14318 |
| Al Rajhi Banking and Investment Corp., non-registered shares  | 549635 | 14288 |
| ICICI Bank, Ltd.  | 612943 | 9151 |
| ICICI Bank, Ltd. (ADR)  | 161921 | 4825 |
| Visa, Inc., Class A  | 39040 | 13692 |
| Banco Santander SA  | 1156519 | 13572 |
| XP, Inc., Class A  | 827903 | 13553 |
| Axis Bank, Ltd.  | 911541 | 12903 |
| PB Fintech, Ltd. <sup>(a)</sup>  | 622762 | 12650 |
| National Bank of Greece SA  | 658867 | 10036 |
| Ping An Insurance (Group) Co. of China, Ltd., Class H  | 1164044 | 9792 |
| Shriram Finance, Ltd.  | 879069 | 9744 |
| AU Small Finance Bank, Ltd.  | 854088 | 9451 |
| Emirates NBD Bank PJSC  | 1224960 | 9289 |
| Credicorp, Ltd.  | 29914 | 8585 |
| Saudi National Bank (The)  | 810380 | 8182 |
| People's Insurance Co. (Group) of China, Ltd. (The), Class H  | 8799000 | 7605 |
| Futu Holdings, Ltd. (ADR) <sup>(a)</sup>  | 44570 | 7319 |
| FirstRand, Ltd.  | 1266252 | 6927 |
| Brookfield Corp., Class A  | 149687 | 6869 |
| Grupo Financiero Banorte, SAB de CV, Series O  | 721373 | 6687 |
| Banco BTG Pactual SA, units  | 690847 | 6593 |
| China Merchants Bank Co., Ltd., Class H  | 827000 | 5593 |
| China Merchants Bank Co., Ltd., Class A  | 145100 | 874 |
| Bank of the Philippine Islands  | 3172748 | 6261 |
| BSE, Ltd.  | 210546 | 6167 |
| Commercial International Bank - Egypt (CIB) SAE (GDR)  | 2846265 | 6083 |
| Samsung Life Insurance Co., Ltd.  | 53225 | 5796 |
| Hong Kong Exchanges and Clearing, Ltd.  | 103600 | 5413 |
| Prudential PLC  | 347501 | 5362 |
| Bajaj Finance, Ltd.  | 486776 | 5345 |
| Saudi Awwal Bank SJSC, non-registered shares  | 603009 | 5200 |
| Abu Dhabi Commercial Bank PJSC  | 1288462 | 5017 |
| Aon PLC, Class A  | 12683 | 4476 |
| Vietnam Technological and Commercial JSCB (The)  | 3227600 | 4279 |
| Kasikornbank PCL, foreign registered shares  | 680500 | 4204 |
| Bank Central Asia Tbk PT  | 8589523 | 4146 |
| Central Depository Services (India), Ltd.  | 257071 | 4129 |
| Banco Santander (Brasil) SA, units <sup>(a)</sup>  | 672725 | 4114 |
| Public Bank Bhd.  | 3623000 | 4054 |
| B3 SA - Brasil, Bolsa, Balcao  | 1469781 | 3826 |
| Samsung Fire & Marine Insurance Co., Ltd.  | 10900 | 3757 |
| 3i Group PLC  | 85342 | 3713 |
| Qatar National Bank QPSC  | 621752 | 3186 |
| HSBC Holdings PLC (GBP denominated)  | 189882 | 2977 |
| Akbank TAS  | 1817792 | 2963 |
| OTP Bank PLC  | 25466 | 2729 |
| Discovery, Ltd.  | 193692 | 2664 |
| CVC Capital Partners PLC  | 158241 | 2650 |
| 360 ONE WAM, Ltd.  | 177690 | 2346 |
| Kaspi.kz JSC (ADR) <sup>(a)</sup>  | 28783 | 2249 |
| Bajaj Finserv, Ltd.  | 74043 | 1679 |
| Bank of Ningbo Co., Ltd., Class A  | 407300 | 1637 |
| Woori Financial Group, Inc.  | 80845 | 1573 |
| BDO Unibank, Inc.  | 685630 | 1563 |
| S&P Global, Inc.  | 2769 | 1447 |
| Wise PLC, Class A <sup>(a)</sup>  | 101638 | 1221 |
| Shinhan Financial Group Co., Ltd.  | 13940 | 744 |

---

---

| | |
|:---|:---|
| **27** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Asia Commercial Joint Stock Bank  | 584970 | $534 |
| Edenred SA  | 18236 | 405 |
| Haci A–mer Sabanci Holding AS  | 140669 | 277 |
| Erste Group Bank AG  | 1804 | 217 |
| Sberbank of Russia PJSC <sup>(b)</sup>  | 2662164 | — <br><sup>(d)</sup><br>|
|  |  | 704942 |
| **Consumer discretionary 12.67%** |  |  |
| MercadoLibre, Inc. <sup>(a)</sup>  | 33795 | 68072 |
| Trip.com Group, Ltd. (ADR)  | 474251 | 34103 |
| Trip.com Group, Ltd.  | 385395 | 27646 |
| Alibaba Group Holding, Ltd.  | 1441572 | 26383 |
| Alibaba Group Holding, Ltd. (ADR)  | 119790 | 17559 |
| Midea Group Co., Ltd., Class A  | 2890833 | 32318 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 40672 | 30663 |
| Eicher Motors, Ltd.  | 219346 | 17835 |
| Compagnie Financiere Richemont SA, Class A  | 81116 | 17506 |
| MakeMyTrip, Ltd. <sup>(a)</sup>  | 168896 | 13870 |
| Prosus NV, Class N  | 213414 | 13181 |
| Maruti Suzuki India, Ltd.  | 69319 | 12886 |
| H World Group, Ltd. (ADR)  | 253777 | 11940 |
| H World Group, Ltd.  | 190600 | 901 |
| BYD Co., Ltd., Class A  | 722123 | 10082 |
| BYD Co., Ltd., Class H  | 211400 | 2574 |
| Galaxy Entertainment Group, Ltd.  | 2192000 | 10751 |
| Ryohin Keikaku Co., Ltd.  | 574800 | 10212 |
| Eternal, Ltd. <sup>(a)</sup>  | 3260114 | 10115 |
| Jumbo SA  | 289567 | 9514 |
| TVS Motor Co., Ltd.  | 204915 | 8475 |
| Vibra Energia SA  | 1778591 | 8364 |
| Sea, Ltd., Class A (ADR) <sup>(a)</sup>  | 65079 | 8302 |
| Hyundai Motor Co.  | 38193 | 7820 |
| Meituan, Class B <sup>(a)</sup>  | 464500 | 6129 |
| Naspers, Ltd., Class N  | 88840 | 5901 |
| PDD Holdings, Inc. (ADR) <sup>(a)</sup>  | 50247 | 5698 |
| Wynn Resorts, Ltd.  | 44454 | 5349 |
| Tesla, Inc. <sup>(a)</sup>  | 11561 | 5199 |
| Li Ning Co., Ltd.  | 2006155 | 4804 |
| Inchcape PLC  | 461897 | 4788 |
| Hermes International  | 1746 | 4314 |
| Moncler SpA  | 66313 | 4262 |
| Aptiv Holdings, Ltd. <sup>(a)</sup>  | 41403 | 3150 |
| Royal Caribbean Cruises, Ltd.  | 10578 | 2950 |
| Coupang, Inc., Class A <sup>(a)</sup>  | 124997 | 2949 |
| Lenskart Solutions, Ltd. <sup>(a)</sup>  | 578142 | 2899 |
| YUM! Brands, Inc.  | 18610 | 2815 |
| Pepkor Holdings, Ltd.  | 1716852 | 2745 |
| Amadeus IT Group SA, Class A, non-registered shares  | 37373 | 2741 |
| ANTA Sports Products, Ltd.  | 239200 | 2471 |
| Swiggy, Ltd. <sup>(a)</sup>  | 550157 | 2364 |
| Marriott International, Inc., Class A  | 7554 | 2344 |
| Starbucks Corp.  | 27127 | 2284 |
| Shenzhou International Group Holdings, Ltd.  | 284200 | 2221 |
| Booking Holdings, Inc.  | 402 | 2153 |
| InterContinental Hotels Group PLC  | 15169 | 2125 |
| Mahindra & Mahindra, Ltd.  | 50625 | 2090 |
| adidas AG  | 10534 | 2074 |
| Ferrari NV (EUR denominated)  | 4981 | 1855 |
| Industria de Diseno Textil SA  | 27544 | 1814 |
| Fast Retailing Co., Ltd.  | 3900 | 1414 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **28** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** |  |  |
| Sands China, Ltd.  | 496000 | $1250 |
| Laopu Gold Co., Ltd., Class H  | 15700 | 1245 |
| NIKE, Inc., Class B  | 18962 | 1208 |
| Shangri-La Asia, Ltd.  | 1774000 | 1083 |
| Tube Investments of India, Ltd.  | 36685 | 1067 |
| Renault SA  | 25328 | 1049 |
| Cyrela Brazil Realty SA, ordinary nominative shares  | 179166 | 984 |
| Kering SA  | 2102 | 742 |
| Hilton Worldwide Holdings, Inc.  | 2449 | 704 |
| Evolution AB  | 6810 | 463 |
| Compagnie Generale des Etablissements Michelin  | 1122 | 37 |
|  |  | 512806 |
| **Industrials 12.11%** |  |  |
| Airbus SE, non-registered shares  | 221232 | 51315 |
| International Container Terminal Services, Inc.  | 4053790 | 38869 |
| Rolls-Royce Holdings PLC  | 2174320 | 33796 |
| Hitachi, Ltd.  | 960800 | 29807 |
| General Electric Co.  | 84289 | 25964 |
| Kanzhun, Ltd., Class A (ADR)  | 932453 | 19003 |
| Kanzhun, Ltd., Class A  | 98200 | 994 |
| Copa Holdings SA, Class A  | 149024 | 17974 |
| Rumo SA  | 5874027 | 15691 |
| Safran SA  | 42173 | 14675 |
| Localiza Rent a Car SA, ordinary nominative shares  | 1712066 | 13502 |
| Localiza Rent a Car SA <sup>(a)</sup>  | 65848 | 499 |
| IHI Corp.  | 716379 | 12631 |
| Contemporary Amperex Technology Co., Ltd., Class A  | 230376 | 12061 |
| Shenzhen Inovance Technology Co., Ltd., Class A  | 1115202 | 11996 |
| DSV A/S  | 45402 | 11425 |
| Daikin Industries, Ltd.  | 78900 | 10129 |
| BAE Systems PLC  | 436368 | 10032 |
| WEG SA  | 1109286 | 9936 |
| Grupo Aeroportuario del Pacifico, SAB de CV, Class B  | 352685 | 9265 |
| Grupo Aeroportuario del Pacifico, SAB de CV, Class B (ADR)  | 1043 | 275 |
| AGCO Corp.  | 88171 | 9198 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 112415 | 9185 |
| Leonardo SpA  | 157234 | 9007 |
| Aselan Elektronik Sanayi ve Ticaret AS  | 1557059 | 8420 |
| TransDigm Group, Inc.  | 6188 | 8229 |
| Siemens AG  | 28236 | 7930 |
| Mitsui & Co., Ltd.  | 242100 | 7155 |
| Techtronic Industries Co., Ltd.  | 620500 | 7129 |
| Weichai Power Co., Ltd., Class A  | 1977896 | 4847 |
| Weichai Power Co., Ltd., Class H  | 947000 | 2279 |
| Motiva Infraestrutura de Mobilidade SA  | 2511108 | 6872 |
| Jiangsu Hengli Hydraulic Co., Ltd., Class A  | 399864 | 6272 |
| Hanwha Aerospace Co., Ltd.  | 9460 | 6155 |
| Larsen & Toubro, Ltd.  | 126929 | 5767 |
| Full Truck Alliance Co., Ltd., Class A (ADR)  | 433721 | 4654 |
| Mitsubishi Heavy Industries, Ltd.  | 162100 | 3970 |
| Schneider Electric SE  | 14248 | 3905 |
| SM Investments Corp.  | 321280 | 3820 |
| Ayala Corp.  | 383020 | 3047 |
| GT Capital Holdings, Inc.  | 288570 | 2918 |
| Carrier Global Corp.  | 54462 | 2878 |
| InPost SA <sup>(a)(e)</sup>  | 218978 | 2682 |
| International Consolidated Airlines Group SA (CDI)  | 463348 | 2566 |
| Embraer SA  | 143113 | 2312 |
| Ingersoll-Rand, Inc.  | 25137 | 1991 |

---

---

| | |
|:---|:---|
| **29** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Bureau Veritas SA  | 61362 | $1954 |
| Boeing Co. (The) <sup>(a)</sup>  | 7510 | 1631 |
| Turk Hava Yollari Anonim Ortakligi, non-registered shares  | 218301 | 1368 |
| Grab Holdings, Ltd., Class A <sup>(a)</sup>  | 200986 | 1003 |
| Wizz Air Holdings PLC <sup>(a)</sup>  | 57166 | 983 |
| Haitian International Holdings, Ltd.  | 103146 | 293 |
|  |  | 490259 |
| **Communication services 9.72%** |  |  |
| Tencent Holdings, Ltd.  | 1429401 | 109531 |
| Alphabet, Inc., Class C  | 86392 | 27110 |
| Alphabet, Inc., Class A  | 82543 | 25836 |
| Bharti Airtel, Ltd.  | 2045799 | 47992 |
| Bharti Airtel, Ltd., interim shares  | 50511 | 952 |
| Meta Platforms, Inc., Class A  | 60664 | 40044 |
| NetEase, Inc.  | 1132600 | 31168 |
| MTN Group, Ltd.  | 2718770 | 27783 |
| KT Corp. (ADR)  | 648437 | 12301 |
| Netflix, Inc. <sup>(a)</sup>  | 118609 | 11121 |
| Telkom Indonesia (Persero) Tbk PT, Class B  | 43499200 | 9047 |
| America Movil, SAB de CV, Class B (ADR)  | 384073 | 7939 |
| True Corp. PCL, foreign registered shares  | 22087986 | 7629 |
| True Corp. PCL, nonvoting depository receipts  | 753600 | 260 |
| Baidu, Inc., Class A (ADR) <sup>(a)</sup>  | 56652 | 7402 |
| Spotify Technology SA <sup>(a)</sup>  | 10315 | 5990 |
| Tencent Music Entertainment Group, Class A (ADR)  | 338146 | 5928 |
| Orange  | 311481 | 5197 |
| ROBLOX Corp., Class A <sup>(a)</sup>  | 38832 | 3146 |
| Advanced Info Service PCL, foreign registered shares  | 267800 | 2660 |
| NAVER Corp.  | 9774 | 1638 |
| TIM SA  | 412735 | 1615 |
| Singapore Telecommunications, Ltd.  | 349300 | 1237 |
|  |  | 393526 |
| **Materials 6.40%** |  |  |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 1702702 | 45652 |
| Grupo Mexico, SAB de CV, Series B  | 2472433 | 23345 |
| Barrick Mining Corp.  | 438294 | 19088 |
| Vale SA, ordinary nominative shares  | 1025947 | 13414 |
| Vale SA (ADR), ordinary nominative shares  | 205656 | 2680 |
| Glencore PLC  | 2503454 | 13618 |
| APL Apollo Tubes, Ltd.  | 546975 | 11649 |
| Valterra Platinum, Ltd. (ZAR denominated)  | 128112 | 10846 |
| Valterra Platinum, Ltd. (ADR)  | 41308 | 578 |
| Amcor PLC (CDI)  | 1254386 | 10482 |
| Nitto Denko Corp.  | 428636 | 10185 |
| Zijin Gold International Co., Ltd. <sup>(a)</sup>  | 436300 | 8156 |
| BASF SE  | 145775 | 7616 |
| Anhui Conch Cement Co., Ltd., Class H  | 2253000 | 6373 |
| Linde PLC  | 14574 | 6214 |
| Impala Platinum Holdings, Ltd.  | 375422 | 5913 |
| Saudi Basic Industries Corp. non-registered shares  | 353199 | 4829 |
| Nutrien, Ltd. (CAD denominated) <sup>(e)</sup>  | 71918 | 4439 |
| Siam Cement PCL, foreign registered shares  | 730100 | 4239 |
| Suzano SA  | 438657 | 4109 |
| Pan American Silver Corp.  | 77019 | 3990 |
| Ivanhoe Mines, Ltd., Class A <sup>(a)</sup>  | 344873 | 3922 |
| Southern Copper Corp.  | 25418 | 3647 |
| Wheaton Precious Metals Corp. (CAD denominated)  | 29705 | 3492 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **30** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Anglo American PLC  | 79828 | $3290 |
| Sika AG  | 15591 | 3195 |
| Nippon Steel Corp.  | 776600 | 3176 |
| Freeport-McMoRan, Inc.  | 59811 | 3038 |
| Loma Negra Compania Industrial Argentina SA (ADR) <sup>(a)</sup>  | 212068 | 2746 |
| Antofagasta PLC  | 52060 | 2285 |
| Corteva, Inc.  | 31708 | 2125 |
| Asian Paints, Ltd.  | 66679 | 2054 |
| Ecolab, Inc.  | 7627 | 2002 |
| Heidelberg Materials AG, non-registered shares  | 6287 | 1646 |
| Syensqo SA  | 19822 | 1592 |
| SRF, Ltd.  | 41937 | 1435 |
| Arkema SA  | 17359 | 1062 |
| China Hongqiao Group Ltd. <sup>(a)</sup>  | 177000 | 736 |
| Alrosa PJSC <sup>(a)(b)</sup>  | 1123215 | — <br><sup>(d)</sup><br>|
|  |  | 258858 |
| **Health care 5.19%** |  |  |
| Novo Nordisk AS, Class B  | 683766 | 34853 |
| Max Healthcare Institute, Ltd.  | 2447517 | 28464 |
| AstraZeneca PLC  | 113238 | 20858 |
| Laurus Labs, Ltd.  | 1535536 | 18916 |
| Eli Lilly and Co.  | 17384 | 18682 |
| Thermo Fisher Scientific, Inc.  | 25506 | 14779 |
| BeOne Medicines, Ltd. (ADR) <sup>(a)</sup>  | 30544 | 9280 |
| BeOne Medicines, Ltd. <sup>(a)</sup>  | 36200 | 841 |
| Jiangsu Hengrui Pharmaceutical Co., Ltd., Class A  | 879888 | 7483 |
| Jiangsu Hengrui Pharmaceutical Co., Ltd., Class H <sup>(a)</sup>  | 184800 | 1688 |
| Teva Pharmaceutical Industries, Ltd. (ADR) <sup>(a)</sup>  | 236793 | 7390 |
| Innovent Biologics, Inc. <sup>(a)</sup>  | 741373 | 7225 |
| EssilorLuxottica SA  | 18490 | 5846 |
| Abbott Laboratories  | 39403 | 4937 |
| Danaher Corp.  | 18692 | 4279 |
| Dr. Sulaiman Al Habib Medical Services Group Co.  | 52908 | 3625 |
| Rede D'Or Sao Luiz SA  | 427339 | 3164 |
| OdontoPrev SA  | 1320175 | 2690 |
| Align Technology, Inc. <sup>(a)</sup>  | 16246 | 2537 |
| bioMerieux SA  | 17603 | 2279 |
| Mettler-Toledo International, Inc. <sup>(a)</sup>  | 1181 | 1647 |
| Mankind Pharma, Ltd.  | 62374 | 1527 |
| Lupin, Ltd.  | 59641 | 1398 |
| WuXi AppTec Co., Ltd., Class H  | 107700 | 1357 |
| Asahi Intecc Co., Ltd.  | 71500 | 1339 |
| Alcon, Inc.  | 13781 | 1095 |
| Wuxi Biologics (Cayman), Inc. <sup>(a)</sup>  | 240500 | 969 |
| Medtronic PLC  | 6899 | 663 |
| CanSino Biologics, Inc., Class H <sup>(a)</sup>  | 35921 | 161 |
|  |  | 209972 |
| **Consumer staples 4.47%** |  |  |
| Nestle SA  | 291813 | 29004 |
| Kweichow Moutai Co., Ltd., Class A  | 121770 | 23981 |
| Arca Continental, SAB de CV  | 1036505 | 11217 |
| JBS NV (BDR) <sup>(a)</sup>  | 641172 | 9247 |
| Carlsberg A/S, Class B  | 60316 | 7907 |
| Raia Drogasil SA, ordinary nominative shares  | 1634665 | 7011 |
| Avenue Supermarts, Ltd. <sup>(a)</sup>  | 161965 | 6814 |
| Shoprite Holdings, Ltd.  | 411541 | 6721 |
| ITC, Ltd.  | 1420089 | 6374 |

---

---

| | |
|:---|:---|
| **31** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer staples (continued)** |  |  |
| Anheuser-Busch InBev SA/NV  | 91753 | $5887 |
| KT&G Corp.  | 54838 | 5399 |
| Tsingtao Brewery Co., Ltd., Class H  | 782634 | 4891 |
| Philip Morris International, Inc.  | 29930 | 4801 |
| Dino Polska SA, non-registered shares <sup>(a)</sup>  | 398251 | 4585 |
| BBB Foods, Inc., Class A <sup>(a)</sup>  | 125631 | 4195 |
| Pernod Ricard SA  | 47700 | 4084 |
| Monster Beverage Corp. <sup>(a)</sup>  | 51591 | 3956 |
| Varun Beverages, Ltd.  | 712894 | 3882 |
| Wal-Mart de Mexico, SAB de CV, Series V  | 1180937 | 3681 |
| United Spirits, Ltd.  | 219491 | 3526 |
| British American Tobacco PLC  | 57337 | 3250 |
| PepsiCo, Inc.  | 18460 | 2649 |
| Danone SA  | 28109 | 2536 |
| Kimberly-Clark de Mexico, SAB de CV, Class A, ordinary participation certificates  | 1141636 | 2434 |
| L'Oreal SA, non-registered shares  | 5436 | 2335 |
| Zabka Group <sup>(a)</sup>  | 321671 | 2049 |
| Coca-Cola Co.  | 27396 | 1915 |
| Walmart, Inc.  | 14179 | 1580 |
| Mondelez International, Inc., Class A  | 29118 | 1567 |
| WH Group, Ltd.  | 1189000 | 1324 |
| Godrej Consumer Products, Ltd.  | 85234 | 1159 |
| JD Health International, Inc. <sup>(a)</sup>  | 107650 | 765 |
|  |  | 180726 |
| **Energy 2.20%** |  |  |
| Reliance Industries, Ltd.  | 1530507 | 26714 |
| TotalEnergies SE (EUR denominated)  | 197891 | 12898 |
| ADNOC Drilling Co. PJSC  | 7034034 | 10228 |
| Adnoc Gas PLC  | 9312887 | 9002 |
| SLB, Ltd.  | 220133 | 8449 |
| Vista Energy, SAB de CV, Class A (ADR) <sup>(a)</sup>  | 172702 | 8404 |
| Petroleo Brasileiro SA PETROBRAS (ADR), ordinary nominative shares  | 633133 | 7502 |
| Shell PLC (GBP denominated)  | 75967 | 2790 |
| Chevron Corp.  | 16599 | 2530 |
| Borr Drilling, Ltd. <sup>(a)</sup>  | 149981 | 604 |
| Rosneft Oil Co. PJSC <sup>(b)</sup>  | 588661 | — <br><sup>(d)</sup><br>|
|  |  | 89121 |
| **Real estate 1.37%** |  |  |
| Lodha Developers, Ltd.  | 2449911 | 28933 |
| China Resources Mixc Lifestyle Services, Ltd.  | 1563200 | 8595 |
| China Resources Land, Ltd.  | 1570000 | 5468 |
| Emaar Properties PJSC  | 1141749 | 4368 |
| CK Asset Holdings, Ltd.  | 762500 | 3841 |
| SM Prime Holdings, Inc.  | 8122500 | 3133 |
| Fibra Uno Administracion REIT, SA de CV  | 300200 | 450 |
| Longfor Group Holdings, Ltd. <sup>(e)</sup>  | 336846 | 369 |
| ALLOS SA, ordinary nominative shares  | 60365 | 312 |
|  |  | 55469 |
| **Utilities 1.15%** |  |  |
| Power Grid Corp. of India, Ltd.  | 3911064 | 11505 |
| Gulf Development PCL  | 7715193 | 10231 |
| Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, ordinary nominative shares  | 401325 | 9618 |
| SembCorp Industries, Ltd.  | 1195100 | 5579 |
| Equatorial Energia SA  | 782855 | 5486 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **32** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities (continued)** |  |  |
| CPFL Energia SA  | 251145 | $2438 |
| AES Corp.  | 74667 | 1071 |
| Engie SA  | 23878 | 628 |
|  |  | 46556 |
| **Total common stocks** (cost: $2,320,519,000) |  | 3858284 |
| Preferred securities 0.73% |  |  |
| **Financials 0.32%** |  |  |
| Itau Unibanco Holding SA (ADR), preferred nominative shares  | 1332401 | 9540 |
| Itau Unibanco Holding SA, preferred nominative shares  | 459389 | 3293 |
|  |  | 12833 |
| **Real estate 0.20%** |  |  |
| QuintoAndar, Ltd., Series E, preference shares <sup>(a)(b)(c)</sup>  | 32657 | 6550 |
| QuintoAndar, Ltd., Series E-1, preference shares <sup>(a)(b)(c)</sup>  | 8400 | 1685 |
|  |  | 8235 |
| **Information technology 0.16%** |  |  |
| Samsung Electronics Co., Ltd., nonvoting preferred shares  | 104453 | 6410 |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative preferred shares <sup>(a)(b)(c)</sup>  | 34 | 56 |
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative preferred shares <sup>(a)(b)(c)</sup>  | 1 | 2 |
|  |  | 6468 |
| **Consumer discretionary 0.05%** |  |  |
| Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares <sup>(e)</sup>  | 35497 | 1902 |
| TVS Motor Co., Ltd., 6.00% preferred shares <sup>(a)</sup>  | 915260 | 102 |
| Getir BV, Series D, preferred shares <sup>(a)(b)(c)</sup>  | 7768 | — <br><sup>(d)</sup><br>|
|  |  | 2004 |
| **Total preferred securities** (cost: $27,027,000) |  | 29540 |
| Bonds, notes & other debt instruments 2.81% | Principal amount<br> (000)<br>|  |
| **Bonds & notes of governments & government agencies outside the U.S. 2.48%** | **Bonds & notes of governments & government agencies outside the U.S. 2.48%** | **Bonds & notes of governments & government agencies outside the U.S. 2.48%** |
| Abu Dhabi (Emirate of) 1.70% 3/2/2031 <sup>(f)</sup>  | USD200 | 178 |
| Angola (Republic of) 8.25% 5/9/2028  | 600 | 604 |
| Angola (Republic of) 8.00% 11/26/2029 <sup>(f)</sup>  | 445 | 435 |
| Angola (Republic of) 8.75% 4/14/2032 <sup>(f)</sup>  | 280 | 273 |
| Asian Development Bank 5.25% 4/29/2035  | PHP25,800 | 432 |
| Brazil (Federative Republic of) 10.00% 1/1/2027  | BRL13,989 | 2473 |
| Brazil (Federative Republic of) 6.00% 5/15/2027 <sup>(g)</sup>  | 15081 | 2674 |
| Brazil (Federative Republic of) 10.00% 1/1/2029  | 21 | 3 |
| Brazil (Federative Republic of) 10.00% 1/1/2031  | 6065 | 973 |
| Brazil (Federative Republic of) 6.00% 8/15/2032 <sup>(g)</sup>  | 3325 | 557 |
| Brazil (Federative Republic of) 10.00% 1/1/2033  | 14543 | 2237 |
| Brazil (Federative Republic of) 10.00% 1/1/2035  | 17300 | 2589 |
| Brazil (Federative Republic of) 6.00% 8/15/2050 <sup>(g)</sup>  | 5298 | 842 |
| Chile (Republic of) 4.70% 9/1/2030  | CLP810,000 | 884 |
| Chile (Republic of) 5.30% 11/1/2037  | 425000 | 471 |
| Chile (Republic of) 4.34% 3/7/2042  | USD350 | 312 |
| China (People's Republic of), Series INBK, 2.27% 5/25/2034  | CNY5,610 | 830 |
| China (People's Republic of), Series INBK, 3.72% 4/12/2051  | 23270 | 4192 |
| China (People's Republic of), Series INBK, 3.12% 10/25/2052  | 1250 | 206 |

---

---

| | |
|:---|:---|
| **33** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| China (People's Republic of), Series INBK, 2.57% 5/20/2054  | CNY4,480 | $668 |
| Colombia (Republic of) 3.25% 4/22/2032  | USD700 | 592 |
| Colombia (Republic of) 5.20% 5/15/2049  | 391 | 288 |
| Colombia (Republic of), Series B, 7.00% 3/26/2031  | COP4,320,700 | 895 |
| Colombia (Republic of), Series B, 13.25% 2/9/2033  | 1734800 | 463 |
| Colombia (Republic of), Series B, 7.25% 10/18/2034  | 2054300 | 387 |
| Colombia (Republic of), Series B, 11.75% 1/24/2035  | 877300 | 217 |
| Colombia (Republic of), Series UVR, 3.75% 2/25/2037 <sup>(g)</sup>  | 6870 | 562 |
| Colombia (Republic of), Series B, 9.25% 5/28/2042  | 4146300 | 820 |
| Colombia (Republic of), Series B, 7.25% 10/26/2050  | 3235300 | 493 |
| Cote d'Ivoire (Republic of) 4.875% 1/30/2032  | EUR150 | 171 |
| Czech Republic 3.50% 5/30/2035  | CZK15,840 | 713 |
| Czech Republic 1.95% 7/30/2037  | 17900 | 661 |
| Dominican Republic (Government of) 8.625% 4/20/2027 <sup>(f)</sup>  | USD383 | 396 |
| Dominican Republic (Government of) 5.875% 1/30/2060  | 335 | 300 |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(f)</sup>  | 960 | 979 |
| Egypt (Arab Republic of) 25.318% 8/13/2027  | EGP33,072 | 715 |
| Egypt (Arab Republic of) 6.375% 4/11/2031  | EUR100 | 121 |
| Egypt (Arab Republic of) 7.625% 5/29/2032  | USD1,165 | 1246 |
| Egypt (Arab Republic of) 8.50% 1/31/2047  | 400 | 393 |
| Egypt (Arab Republic of) 8.875% 5/29/2050  | 386 | 392 |
| Gabonese (Republic of) 6.625% 2/6/2031  | 720 | 560 |
| Gabonese (Republic of) 7.00% 11/24/2031  | 500 | 383 |
| Honduras (Republic of) 6.25% 1/19/2027  | 875 | 885 |
| Honduras (Republic of) 5.625% 6/24/2030 <sup>(f)</sup>  | 281 | 279 |
| Hungary (Republic of) 2.00% 5/23/2029  | HUF255,550 | 684 |
| Hungary (Republic of) 6.75% 7/23/2031  | 433980 | 1347 |
| Hungary (Republic of) 6.25% 9/22/2032 <sup>(f)</sup>  | USD330 | 353 |
| Hungary (Republic of) 4.75% 11/24/2032  | HUF180,830 | 498 |
| India (Republic of) 7.32% 11/13/2030  | INR3,480 | 40 |
| India (Republic of) 6.54% 1/17/2032  | 15620 | 174 |
| India (Republic of) 7.18% 7/24/2037  | 176070 | 2008 |
| India (Republic of) 7.09% 8/5/2054  | 280280 | 3044 |
| Indonesia (Republic of) 6.375% 4/15/2032  | IDR317,000 | 20 |
| Indonesia (Republic of) 7.50% 6/15/2035  | 7953000 | 522 |
| Indonesia (Republic of) 6.625% 2/17/2037  | USD300 | 343 |
| Indonesia (Republic of) 7.125% 6/15/2038  | IDR7,242,000 | 464 |
| Indonesia (Republic of) 7.50% 4/15/2040  | 8852000 | 581 |
| Indonesia (Republic of) 7.125% 8/15/2040  | 13148000 | 847 |
| Indonesia (Republic of) 7.125% 6/15/2042  | 8210000 | 522 |
| Indonesia (Republic of), Series FR82, 7.00% 9/15/2030  | 2341000 | 148 |
| Indonesia (Republic of), Series FR96, 7.00% 2/15/2033  | 16818000 | 1062 |
| Indonesia (Republic of), Series FR100, 6.625% 2/15/2034  | 29553000 | 1834 |
| Kazakhstan (Republic of) 5.50% 7/1/2037 <sup>(f)</sup>  | USD945 | 976 |
| Kenya (Republic of) 6.30% 1/23/2034  | 645 | 591 |
| Kenya (Republic of) 9.50% 3/5/2036 <sup>(f)</sup>  | 555 | 593 |
| Kenya (Republic of) 9.50% 3/5/2036  | 330 | 353 |
| Malaysia (Federation of), Series 0419, 3.828% 7/5/2034  | MYR8,766 | 2215 |
| Malaysia (Federation of), Series 0418, 4.893% 6/8/2038  | 616 | 169 |
| Malaysia (Federation of), Series 0124, 4.054% 4/18/2039  | 3245 | 824 |
| Malaysia (Federation of), Series 0519, 3.757% 5/22/2040  | 2200 | 540 |
| Malaysia (Federation of), Series 0519, 4.638% 11/15/2049  | 1030 | 283 |
| Malaysia (Federation of), Series 0120, 4.065% 6/15/2050  | 2202 | 553 |
| Malaysia (Federation of), Series 022, 5.357% 5/15/2052  | 989 | 301 |
| Malaysia (Federation of), Series 0124, 4.28% 3/23/2054  | 1255 | 324 |
| MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028  | USD490 | 511 |
| MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 4.375% 6/27/2030  | EUR340 | 409 |
| Morocco (Kingdom of) 5.95% 3/8/2028 <sup>(f)</sup>  | USD255 | 263 |
| Morocco (Kingdom of) 3.875% 4/2/2029  | EUR625 | 743 |
| Morocco (Kingdom of) 4.75% 4/2/2035  | 200 | 240 |
| Mozambique (Republic of) 9.00% 9/15/2031  | USD540 | 463 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **34** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| Nigeria (Republic of) 18.50% 2/21/2031  | NGN730,360 | $534 |
| Nigeria (Republic of) 7.875% 2/16/2032  | USD280 | 293 |
| Nigeria (Republic of) 8.631% 1/13/2036 <sup>(f)</sup>  | 390 | 419 |
| Oman (Sultanate of) 6.00% 8/1/2029  | 715 | 751 |
| Oman (Sultanate of) 6.75% 1/17/2048  | 485 | 535 |
| Panama (Republic of) 3.75% 4/17/2026  | 100 | 100 |
| Panama (Republic of) 7.875% 3/1/2057  | 600 | 701 |
| Paraguay (Republic of) 4.95% 4/28/2031  | 320 | 325 |
| Peru (Republic of) 3.00% 1/15/2034  | 225 | 196 |
| Peru (Republic of) 6.55% 3/14/2037  | 360 | 399 |
| Peru (Republic of) 3.55% 3/10/2051  | 490 | 344 |
| Peru (Republic of) 2.78% 12/1/2060  | 100 | 55 |
| PETRONAS Capital, Ltd. 4.55% 4/21/2050 <sup>(f)</sup>  | 400 | 353 |
| Philippines (Republic of) 6.375% 7/27/2030  | PHP12,110 | 211 |
| Philippines (Republic of) 6.00% 8/20/2030  | 14790 | 253 |
| Philippines (Republic of) 6.75% 9/15/2032  | 41240 | 734 |
| Philippines (Republic of) 6.375% 10/23/2034  | USD145 | 163 |
| Philippines (Republic of) 3.95% 1/20/2040  | 500 | 443 |
| Poland (Republic of), Series 0429, 5.75% 4/25/2029  | PLN2,410 | 705 |
| Poland (Republic of), Series 10Y, 4.875% 10/4/2033  | USD370 | 377 |
| Poland (Republic of), Series 1033, 6.00% 10/25/2033  | PLN8,434 | 2514 |
| Poland (Republic of), Series 1034, 5.00% 10/25/2034  | 6920 | 1921 |
| Romania (Republic of) 5.25% 5/30/2032  | EUR450 | 542 |
| Romania (Republic of) 5.25% 5/30/2032  | 230 | 277 |
| Romania (Republic of) 2.00% 4/14/2033  | 300 | 288 |
| Romania (Republic of) 5.625% 5/30/2037  | 390 | 448 |
| Saudi Arabia (Kingdom of) 4.875% 7/18/2033  | USD480 | 488 |
| Saudi Arabia (Kingdom of) 5.75% 1/16/2054  | 2300 | 2277 |
| Sharjah (Emirate of) 4.625% 2/13/2032  | EUR506 | 602 |
| South Africa (Republic of) 7.10% 11/19/2036 <sup>(f)</sup>  | USD200 | 215 |
| South Africa (Republic of) 11.625% 3/31/2053  | ZAR13,912 | 1061 |
| South Africa (Republic of), Series R-213, 7.00% 2/28/2031  | 482 | 28 |
| South Africa (Republic of), Series R-2032, 8.25% 3/31/2032  | 11495 | 711 |
| South Africa (Republic of), Series R-2035, 8.875% 2/28/2035  | 8388 | 528 |
| South Africa (Republic of), Series R-2040, 9.00% 1/31/2040  | 28192 | 1707 |
| South Africa (Republic of), Series R-2044, 8.75% 1/31/2044  | 15670 | 906 |
| Thailand (Kingdom of) 3.45% 6/17/2043  | THB40,963 | 1521 |
| Turkey (Republic of) 37.84% 7/14/2027  | TRY30,000 | 728 |
| Turkey (Republic of), Series 5Y, 9.875% 1/15/2028  | USD200 | 221 |
| Turkey (Republic of), Series 5Y, 17.30% 7/19/2028  | TRY23,445 | 419 |
| Turkey (Republic of), Series 30Y, 11.875% 1/15/2030  | USD500 | 629 |
| Turkey (Republic of), Series 30Y, 4.875% 4/16/2043  | 1710 | 1323 |
| United Mexican States 6.875% 5/13/2037  | 610 | 652 |
| United Mexican States 5.125% 3/19/2038  | EUR420 | 492 |
| United Mexican States 4.75% 3/8/2044  | USD800 | 661 |
| United Mexican States 3.75% 4/19/2071  | 200 | 119 |
| United Mexican States, Series M20, 8.50% 5/31/2029  | MXN29,350 | 1645 |
| United Mexican States, Series M, 7.75% 5/29/2031  | 56500 | 3025 |
| United Mexican States, Series M, 7.50% 5/26/2033  | 36500 | 1887 |
| United Mexican States, Series M, 7.75% 11/23/2034  | 38324 | 1976 |
| United Mexican States, Series M30, 8.50% 11/18/2038  | 21600 | 1126 |
| United Mexican States, Series M, 7.75% 11/13/2042  | 20000 | 951 |
| United Mexican States, Series M, 8.00% 7/31/2053  | 19887 | 943 |
| Venezuela (Bolivarian Republic of) 6.00% 12/9/2020 <sup>(h)</sup>  | USD244 | 65 |
| Venezuela (Bolivarian Republic of) 9.00% 5/7/2023 <sup>(h)</sup>  | 145 | 41 |
|  |  | 100414 |
| **Corporate bonds and notes 0.33%** | **Corporate bonds and notes 0.33%** | **Corporate bonds and notes 0.33%** |
| **Energy 0.07%** |  |  |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(f)</sup>  | 410 | 429 |

---

---

| | |
|:---|:---|
| **35** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Oleoducto Central SA 4.00% 7/14/2027 <sup>(f)</sup>  | USD255 | $252 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 610 | 591 |
| PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030  | 200 | 191 |
| Sinopec Group Overseas Development (2018), Ltd. 3.10% 1/8/2051 <sup>(f)</sup>  | 430 | 318 |
| Transportadora de Gas del Sur SA 8.50% 7/24/2031 <sup>(f)</sup>  | 250 | 260 |
| Transportadora de Gas del Sur SA 7.75% 11/20/2035 <sup>(f)</sup>  | 220 | 218 |
| Vista Energy Argentina S.A.U. 7.625% 12/10/2035 <sup>(f)</sup>  | 390 | 390 |
| YPF SA 8.25% 1/17/2034 <sup>(f)</sup>  | 335 | 343 |
|  |  | 2992 |
| **Communication services 0.06%** |  |  |
| America Movil, SAB de CV, 10.125% 1/22/2029  | MXN13,710 | 786 |
| America Movil, SAB de CV, 9.50% 1/27/2031  | 17130 | 969 |
| America Movil, SAB de CV, 10.30% 1/30/2034  | 2820 | 166 |
| PLDT, Inc. 2.50% 1/23/2031  | USD210 | 192 |
| Tencent Holdings, Ltd. 3.24% 6/3/2050 <sup>(f)</sup>  | 380 | 273 |
|  |  | 2386 |
| **Consumer discretionary 0.05%** |  |  |
| Alibaba Group Holding, Ltd. 3.15% 2/9/2051  | 410 | 279 |
| Meituan 3.05% 10/28/2030 <sup>(f)</sup>  | 400 | 373 |
| Meituan 3.05% 10/28/2030  | 200 | 187 |
| Melco Resorts Finance, Ltd. 7.625% 4/17/2032 <sup>(f)</sup>  | 345 | 363 |
| MercadoLibre, Inc. 3.125% 1/14/2031  | 200 | 185 |
| Sands China, Ltd. 4.375% 6/18/2030  | 220 | 217 |
| Wynn Macau, Ltd. 5.625% 8/26/2028  | 260 | 260 |
|  |  | 1864 |
| **Financials 0.04%** |  |  |
| Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.90% on 9/25/2029) <sup>(i)</sup>  | 400 | 380 |
| BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on <br> 6/29/2033) <sup>(f)(i)</sup>  | 340 | 376 |
| CMB International Leasing Management, Ltd. 2.75% 8/12/2030  | 300 | 282 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(i)</sup>  | 400 | 438 |
|  |  | 1476 |
| **Materials 0.03%** |  |  |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(f)</sup>  | 355 | 139 |
| CSN Resources SA 8.875% 12/5/2030 <sup>(f)</sup>  | 400 | 372 |
| PT Krakatau Posco 6.375% 6/11/2027  | 345 | 352 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(c)</sup>  | 520 | 530 |
|  |  | 1393 |
| **Utilities 0.03%** |  |  |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(f)</sup>  | 275 | 291 |
| AES Panama Generation Holdings, SRL 4.375% 5/31/2030 <sup>(f)</sup>  | 261 | 246 |
| Greenko Dutch BV 3.85% 3/29/2026 <sup>(f)</sup>  | 173 | 172 |
| Greenko Dutch BV 3.85% 3/29/2026  | 173 | 172 |
| San Miguel Global Power Holdings Corp. 8.125% perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 6.404% on 3/2/2030) <sup>(i)</sup>  | 350 | 354 |
|  |  | 1235 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **36** |

---

------

New World Fund<sup>®</sup> (continued)

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) |  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials 0.02%** | **Industrials 0.02%** |  |  |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(f)</sup>  | IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(f)</sup>  | USD335 | $346 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(f)</sup>  | LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(f)</sup>  | 355 | 374 |
| Mexico City Airport Trust 4.25% 10/31/2026  | Mexico City Airport Trust 4.25% 10/31/2026  | 200 | 199 |
|  |  |  | 919 |
| **Consumer staples 0.02%** | **Consumer staples 0.02%** |  |  |
| Health and Happiness (H&H) International Holdings, Ltd. 9.125% 7/24/2028  | Health and Happiness (H&H) International Holdings, Ltd. 9.125% 7/24/2028  | 200 | 213 |
| NBM US Holdings, Inc. 7.00% 5/14/2026 <sup>(c)</sup>  | NBM US Holdings, Inc. 7.00% 5/14/2026 <sup>(c)</sup>  | 200 | 200 |
| NBM US Holdings, Inc. 6.625% 8/6/2029 <sup>(c)</sup>  | NBM US Holdings, Inc. 6.625% 8/6/2029 <sup>(c)</sup>  | 420 | 426 |
|  |  |  | 839 |
| **Health care 0.01%** | **Health care 0.01%** |  |  |
| Rede D'Or Finance SARL 4.50% 1/22/2030  | Rede D'Or Finance SARL 4.50% 1/22/2030  | 280 | 273 |
| **Total corporate bonds and notes** | **Total corporate bonds and notes** |  | 13377 |
| **Total bonds, notes & other debt instruments** (cost: $110,411,000) | **Total bonds, notes & other debt instruments** (cost: $110,411,000) |  | 113791 |
| Short-term securities 1.66% |  | Shares |  |
| **Money market investments 1.50%** | **Money market investments 1.50%** | **Money market investments 1.50%** | **Money market investments 1.50%** |
| Capital Group Central Cash Fund 3.79% <sup>(j)(k)</sup>  | Capital Group Central Cash Fund 3.79% <sup>(j)(k)</sup>  | 608937 | 60900 |
| **Money market investments purchased with collateral from securities on loan 0.15%** | **Money market investments purchased with collateral from securities on loan 0.15%** | **Money market investments purchased with collateral from securities on loan 0.15%** | **Money market investments purchased with collateral from securities on loan 0.15%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(j)(l)</sup>  | Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(j)(l)</sup>  | 5942714 | 5943 |
|  | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>|  |
| **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** |
| Egypt (Arab Republic of) 1/6/2026  | 19.531<br> %<br>| EGP12,600 | 264 |
| **Total short-term securities** (cost: $67,083,000) | **Total short-term securities** (cost: $67,083,000) | **Total short-term securities** (cost: $67,083,000) | 67107 |
| **Total investment securities 100.53%** (cost: $2,525,040,000) | **Total investment securities 100.53%** (cost: $2,525,040,000) | **Total investment securities 100.53%** (cost: $2,525,040,000) | 4068722 |
| Other assets less liabilities (0.53)% | Other assets less liabilities (0.53)% |  | (21354)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $4047368 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Short | 2 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD(417)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(d)</sup><br>|
| 5 Year Euro-Bobl Futures | Short | 13 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1775)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| 5 Year U.S. Treasury Note Futures | Long | 6 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| 10 Year Euro-Bund Futures | Short | 12 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1799)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |

---

---

| | |
|:---|:---|
| **37** | American Funds Insurance Series |

---

------

New World Fund<sup>®</sup> (continued)

**Futures contracts** (continued)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of<br> contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration<br> date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and<br> unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 18 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD2,070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(17)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 1 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7 |

---

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| MXN | 1600 | USD | 89 | UBS AG | 1/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(d)</sup><br>|
| USD | 88 | MXN | 1600 | Goldman Sachs | 1/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| MYR | 397 | USD | 97 | BNP Paribas | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| MYR | 350 | USD | 86 | JPMorgan Chase | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| USD | 835 | MYR | 3443 | JPMorgan Chase | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| CZK | 52445 | USD | 2529 | Bank of New York Mellon | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| USD | 196 | IDR | 3257000 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| IDR | 1360795 | USD | 82 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| INR | 5512 | USD | 61 | HSBC Bank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| INR | 7000 | USD | 77 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| IDR | 1452260 | USD | 87 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| USD | 145 | MXN | 2603 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| USD | 1570 | CZK | 32520 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12)<br>|
| USD | 784 | COP | 3027600 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14)<br>|
| ZAR | 21461 | USD | 1256 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| CNH | 13485 | USD | 1920 | UBS AG | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| THB | 30030 | USD | 953 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| ZAR | 1300 | USD | 78 | UBS AG | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| BRL | 470 | USD | 86 | Barclays Bank PLC | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| PLN | 517 | USD | 144 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| PLN | 250 | USD | 70 | JPMorgan Chase | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| USD | 819 | BRL | 4516 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 2267 | ZAR | 37931 | Bank of America | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21)<br>|
| BRL | 4255 | USD | 782 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>|
| USD | 1859 | EUR | 1580 | Morgan Stanley | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(d)</sup><br>|
| USD | 917 | PHP | 54395 | Bank of America | 3/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2 |

---

**Investments in affiliates** <sup>(k)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.50%** |  |  |  |  |  |  |  |
| **Money market investments 1.50%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(j)</sup>  | $94686 | &nbsp;&nbsp; $618645 | &nbsp;&nbsp; $652434 | &nbsp;&nbsp; $11 | &nbsp;&nbsp; $(8)<br>| &nbsp;&nbsp; $60900 | &nbsp;&nbsp; $5504 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **38** |

---

------

New World Fund<sup>®</sup> (continued)

**Restricted securities** <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| QuintoAndar, Ltd., Series E, preference shares <sup>(a)(b)</sup> <br>| 5/26/2021  | $5258 | $6550 | 0.16<br> %<br>|
| QuintoAndar, Ltd., Series E-1, preference shares <sup>(a)(b)</sup> <br>| 12/20/2021  | 1716 | 1685 | 0.04 |
| Canva Australia Holdings Pty, Ltd. <sup>(a)(b)</sup> <br>| 8/26/2021-11/4/2021 | 656 | 634 | 0.02 |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative <br> preferred shares <sup>(a)(b)</sup> <br>| 11/4/2021  | 58 | 56 | 0.00 <br><sup>(m)</sup><br>|
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative <br> preferred shares <sup>(a)(b)</sup> <br>| 11/4/2021  | 2 | 2 | 0.00 <br><sup>(m)</sup><br>|
| Getir BV, Series D, preferred shares <sup>(a)(b)</sup> <br>| 5/27/2021 | 3500 | — <br><sup>(d</sup>)<br>| 0.00 <br><sup>(m)</sup><br>|
| **Total** |  | $11190 | $8927 | 0.22<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> Amount less than one thousand.

<sup>(e)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(f)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $11,247,000, which represented 0.28% of the net assets of the fund. 

<sup>(g)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(h)</sup> Scheduled interest and/or principal payment was not received.

<sup>(i)</sup> Step bond; coupon rate may change at a later date.

<sup>(j)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(k)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(l)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(m)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| BDR = Brazilian Depositary Receipts |
| BRL = Brazilian reais |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| CLP = Chilean pesos |
| CNH = Chinese yuan renminbi |
| CNY = Chinese yuan renminbi |
| COP = Colombian pesos |
| CZK = Czech korunas |
| EGP = Egyptian pounds |
| EUR = Euros |
| GBP = British pounds |
| GDR = Global Depositary Receipts |
| HUF = Hungarian forints |

---

---

| |
|:---|
| IDR = Indonesian rupiah |
| INR = Indian rupees |
| MXN = Mexican pesos |
| MYR = Malaysian ringgits |
| NGN = Nigerian naira |
| PHP = Philippine pesos |
| PLN = Polish zloty |
| REIT = Real Estate Investment Trust |
| SOFR = Secured Overnight Financing Rate |
| THB = Thai baht |
| TRY = Turkish lira |
| USD = U.S. dollars |
| UST = U.S. Treasury |
| ZAR = South African rand |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **39** | American Funds Insurance Series |

---

------

Washington Mutual Investors Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 96.71% | Shares | Value<br> (000)<br>|
| **Information technology 22.47%** |  |  |
| Broadcom, Inc.  | 2374965 | $821975 |
| Microsoft Corp.  | 1413570 | 683631 |
| Apple, Inc.  | 1139590 | 309809 |
| NVIDIA Corp.  | 1094267 | 204081 |
| KLA Corp.  | 103353 | 125582 |
| ASML Holding NV (ADR)  | 110497 | 118216 |
| International Business Machines Corp.  | 319206 | 94552 |
| Salesforce, Inc.  | 288774 | 76499 |
| Accenture PLC, Class A  | 257970 | 69213 |
| Intel Corp. <sup>(a)</sup>  | 943406 | 34812 |
| SAP SE (ADR) <sup>(b)</sup>  | 108684 | 26401 |
| Texas Instruments, Inc.  | 108648 | 18849 |
| Amphenol Corp., Class A  | 134593 | 18189 |
| Synopsys, Inc. <sup>(a)</sup>  | 31950 | 15008 |
| Applied Materials, Inc.  | 56534 | 14529 |
| TE Connectivity PLC  | 61452 | 13981 |
| Fair Isaac Corp. <sup>(a)</sup>  | 8068 | 13640 |
| Adobe, Inc. <sup>(a)</sup>  | 34743 | 12160 |
| Hewlett Packard Enterprise Co.  | 406300 | 9759 |
| Motorola Solutions, Inc.  | 9895 | 3793 |
| Oracle Corp.  | 19421 | 3785 |
| ASM International NV (ADR) <sup>(b)</sup>  | 4561 | 2752 |
|  |  | 2691216 |
| **Financials 17.03%** |  |  |
| Marsh & McLennan Cos., Inc.  | 1130032 | 209644 |
| JPMorgan Chase & Co.  | 593105 | 191110 |
| Bank of America Corp.  | 3357568 | 184666 |
| Visa, Inc., Class A  | 493213 | 172975 |
| Capital One Financial Corp.  | 511844 | 124050 |
| BlackRock, Inc.  | 103920 | 111230 |
| Mastercard, Inc., Class A  | 191588 | 109374 |
| Truist Financial Corp.  | 1734572 | 85358 |
| Citizens Financial Group, Inc.  | 1377669 | 80470 |
| Arthur J. Gallagher & Co.  | 300484 | 77762 |
| KKR & Co., Inc.  | 535221 | 68230 |
| Wells Fargo & Co.  | 712560 | 66411 |
| Chubb, Ltd.  | 187408 | 58494 |
| Progressive Corp.  | 249074 | 56719 |
| Apollo Asset Management, Inc.  | 387751 | 56131 |
| Morgan Stanley  | 290174 | 51515 |
| American Express Co.  | 138945 | 51403 |
| Blackstone, Inc.  | 247025 | 38076 |
| CME Group, Inc., Class A  | 134353 | 36689 |
| Aon PLC, Class A  | 95985 | 33871 |
| S&P Global, Inc.  | 50609 | 26448 |
| Citigroup, Inc.  | 207496 | 24213 |
| KeyCorp  | 1068093 | 22045 |
| PNC Financial Services Group, Inc.  | 89774 | 18738 |
| Brookfield Asset Management, Ltd., Class A  | 345786 | 18116 |
| Goldman Sachs Group, Inc.  | 19811 | 17414 |
| Carlyle Group, Inc. (The)  | 270192 | 15971 |
| Equitable Holdings, Inc.  | 217170 | 10348 |
| Fifth Third Bancorp  | 178306 | 8346 |
| Intercontinental Exchange, Inc.  | 48480 | 7852 |
| Charles Schwab Corp. (The)  | 57745 | 5769 |
|  |  | 2039438 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **40** |

---

------

Washington Mutual Investors Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials 12.74%** |  |  |
| RTX Corp.  | 1032583 | $189376 |
| General Electric Co.  | 510619 | 157286 |
| Northrop Grumman Corp.  | 268954 | 153360 |
| Union Pacific Corp.  | 381988 | 88361 |
| Paychex, Inc.  | 783023 | 87839 |
| Caterpillar, Inc.  | 147575 | 84541 |
| Boeing Co. (The) <sup>(a)</sup>  | 371244 | 80604 |
| Deere & Co.  | 161235 | 75066 |
| L3Harris Technologies, Inc.  | 231680 | 68014 |
| 3M Co.  | 390205 | 62472 |
| Delta Air Lines, Inc.  | 807328 | 56029 |
| Parker-Hannifin Corp.  | 58375 | 51309 |
| Lennox International, Inc.  | 89406 | 43414 |
| Deutsche Post AG (ADR)  | 688904 | 37676 |
| Ingersoll-Rand, Inc.  | 459350 | 36390 |
| Verisk Analytics, Inc.  | 160459 | 35893 |
| Watsco, Inc.  | 93957 | 31659 |
| Siemens AG (ADR)  | 196210 | 27460 |
| Waste Connections, Inc.  | 130488 | 22882 |
| Johnson Controls International PLC  | 162195 | 19423 |
| FedEx Corp.  | 61924 | 17887 |
| HEICO Corp.  | 44486 | 14395 |
| Republic Services, Inc.  | 67539 | 14314 |
| Equifax, Inc.  | 60828 | 13198 |
| BAE Systems PLC (ADR)  | 136409 | 12670 |
| CSX Corp.  | 290528 | 10532 |
| RELX PLC (ADR)  | 231829 | 9371 |
| Waste Management, Inc.  | 40322 | 8859 |
| Applied Industrial Technologies, Inc.  | 22716 | 5833 |
| Trane Technologies PLC  | 14265 | 5552 |
| ITT, Inc.  | 20862 | 3620 |
|  |  | 1525285 |
| **Health care 12.16%** |  |  |
| Eli Lilly and Co.  | 244400 | 262652 |
| UnitedHealth Group, Inc.  | 621229 | 205074 |
| Amgen, Inc.  | 599792 | 196318 |
| Abbott Laboratories  | 1132764 | 141924 |
| CVS Health Corp.  | 1753200 | 139134 |
| AbbVie, Inc.  | 388820 | 88841 |
| Gilead Sciences, Inc.  | 687176 | 84344 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 137037 | 62127 |
| Johnson & Johnson  | 246753 | 51065 |
| Danaher Corp.  | 217204 | 49722 |
| Thermo Fisher Scientific, Inc.  | 84887 | 49188 |
| AstraZeneca PLC (ADR)  | 391907 | 36028 |
| Zimmer Biomet Holdings, Inc.  | 220098 | 19791 |
| Illumina, Inc. <sup>(a)</sup>  | 110721 | 14522 |
| Elevance Health, Inc.  | 39244 | 13757 |
| Humana, Inc.  | 47537 | 12176 |
| Novo Nordisk AS, Class B (ADR)  | 187415 | 9536 |
| Cooper Cos., Inc. <sup>(a)</sup>  | 79881 | 6547 |
| Bristol-Myers Squibb Co.  | 96148 | 5186 |
| McKesson Corp.  | 4752 | 3898 |
| Align Technology, Inc. <sup>(a)</sup>  | 15745 | 2459 |
| Cardinal Health, Inc.  | 6793 | 1396 |
|  |  | 1455685 |

---

---

| | |
|:---|:---|
| **41** | American Funds Insurance Series |

---

------

Washington Mutual Investors Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer staples 8.25%** |  |  |
| Philip Morris International, Inc.  | 2510056 | $402613 |
| British American Tobacco PLC (ADR)  | 2455192 | 139013 |
| Keurig Dr Pepper, Inc.  | 2702930 | 75709 |
| Mondelez International, Inc., Class A  | 1268407 | 68278 |
| Coca-Cola Co.  | 758395 | 53020 |
| Constellation Brands, Inc., Class A  | 284585 | 39261 |
| Costco Wholesale Corp.  | 41990 | 36210 |
| Altria Group, Inc.  | 590291 | 34036 |
| Hershey Co.  | 124140 | 22591 |
| Nestle SA (ADR)  | 200456 | 19801 |
| Procter & Gamble Co.  | 136221 | 19522 |
| Church & Dwight Co., Inc.  | 227492 | 19075 |
| Walmart, Inc.  | 150441 | 16761 |
| Estee Lauder Cos., Inc. (The), Class A  | 152224 | 15941 |
| Kraft Heinz Co. (The)  | 413643 | 10031 |
| Target Corp.  | 98519 | 9630 |
| Bunge Global SA  | 74092 | 6600 |
|  |  | 988092 |
| **Consumer discretionary 6.88%** |  |  |
| Royal Caribbean Cruises, Ltd.  | 596363 | 166337 |
| Home Depot, Inc.  | 256784 | 88359 |
| Starbucks Corp.  | 1021649 | 86033 |
| Amazon.com, Inc. <sup>(a)</sup>  | 331292 | 76469 |
| YUM! Brands, Inc.  | 502512 | 76020 |
| D.R. Horton, Inc.  | 411529 | 59272 |
| TJX Cos., Inc. (The)  | 383447 | 58901 |
| Darden Restaurants, Inc.  | 317938 | 58507 |
| NIKE, Inc., Class B  | 537367 | 34236 |
| Marriott International, Inc., Class A  | 88679 | 27512 |
| General Motors Co.  | 276739 | 22504 |
| Vail Resorts, Inc.  | 149560 | 19862 |
| Tractor Supply Co.  | 373740 | 18691 |
| Toll Brothers, Inc.  | 81236 | 10985 |
| Texas Roadhouse, Inc.  | 43999 | 7304 |
| Sony Group Corp. (ADR)  | 268839 | 6882 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 165637 | 6129 |
|  |  | 824003 |
| **Communication services 5.40%** |  |  |
| Alphabet, Inc., Class A  | 591527 | 185148 |
| Alphabet, Inc., Class C  | 565134 | 177339 |
| Meta Platforms, Inc., Class A  | 234761 | 154963 |
| Comcast Corp., Class A  | 3570517 | 106723 |
| Verizon Communications, Inc.  | 261888 | 10667 |
| Walt Disney Co. (The)  | 56380 | 6414 |
| AT&T, Inc.  | 210004 | 5217 |
|  |  | 646471 |
| **Utilities 4.03%** |  |  |
| Constellation Energy Corp.  | 322322 | 113867 |
| Sempra  | 1251080 | 110458 |
| Southern Co. (The)  | 946592 | 82543 |
| FirstEnergy Corp.  | 1218911 | 54571 |
| DTE Energy Co.  | 221096 | 28517 |
| Exelon Corp.  | 631441 | 27525 |
| Entergy Corp.  | 182766 | 16893 |
| CenterPoint Energy, Inc.  | 437803 | 16785 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **42** |

---

------

Washington Mutual Investors Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities (continued)** |  |  |
| Public Service Enterprise Group, Inc.  | 184231 | $14794 |
| NextEra Energy, Inc.  | 125328 | 10061 |
| Atmos Energy Corp.  | 38564 | 6464 |
|  |  | 482478 |
| **Energy 2.92%** |  |  |
| Exxon Mobil Corp.  | 678218 | 81617 |
| ConocoPhillips  | 836045 | 78262 |
| Canadian Natural Resources, Ltd.  | 1659500 | 56174 |
| EOG Resources, Inc.  | 404283 | 42454 |
| Baker Hughes Co., Class A  | 572294 | 26062 |
| TC Energy Corp.  | 425469 | 23405 |
| Chevron Corp.  | 114799 | 17496 |
| Halliburton Co.  | 398694 | 11267 |
| SLB, Ltd.  | 216823 | 8322 |
| TotalEnergies SE <sup>(b)</sup>  | 65622 | 4293 |
|  |  | 349352 |
| **Real estate 2.59%** |  |  |
| Welltower, Inc. REIT  | 972251 | 180459 |
| Simon Property Group, Inc. REIT  | 158605 | 29359 |
| Public Storage REIT  | 107805 | 27975 |
| Prologis, Inc. REIT  | 200496 | 25595 |
| Ventas, Inc. REIT  | 219292 | 16969 |
| American Tower Corp. REIT  | 95755 | 16812 |
| Rexford Industrial Realty, Inc. REIT  | 156135 | 6046 |
| Extra Space Storage, Inc. REIT  | 42274 | 5505 |
| CoStar Group, Inc. <sup>(a)</sup>  | 23002 | 1547 |
|  |  | 310267 |
| **Materials 2.24%** |  |  |
| Air Products and Chemicals, Inc.  | 314661 | 77728 |
| Wheaton Precious Metals Corp.  | 558352 | 65618 |
| International Paper Co.  | 1327824 | 52303 |
| Linde PLC  | 63825 | 27214 |
| Royal Gold, Inc.  | 81893 | 18204 |
| Corteva, Inc.  | 260264 | 17445 |
| H.B. Fuller Co.  | 114890 | 6831 |
| Nucor Corp.  | 16976 | 2769 |
|  |  | 268112 |
| **Total common stocks** (cost: $7,030,725,000) |  | 11580399 |
| Convertible stocks 0.86% |  |  |
| **Industrials 0.36%** |  |  |
| Boeing Co., Series A, convertible preferred depositary shares, 6.00% 10/15/2027  | 627490 | 43334 |
| **Financials 0.33%** |  |  |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 590703 | 30622 |
| Apollo Global Management, Inc., Class A, cumulative convertible preferred shares, 6.75% 7/31/2026  | 116666 | 8811 |
|  |  | 39433 |

---

---

| | |
|:---|:---|
| **43** | American Funds Insurance Series |

---

------

Washington Mutual Investors Fund (continued)

---

| | | |
|:---|:---|:---|
| Convertible stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities 0.17%** |  |  |
| Southern Co. (The), Class A, convertible preferred shares, 7.125% 12/15/2028  | 406324 | $20463 |
| **Total convertible stocks** (cost: $91,575,000) |  | 103230 |
| Short-term securities 2.29% |  |  |
| **Money market investments 2.28%** | **Money market investments 2.28%** | **Money market investments 2.28%** |
| Capital Group Central Cash Fund 3.79% <sup>(c)(d)</sup>  | 2725029 | 272530 |
| **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(c)(e)</sup>  | 776786 | 777 |
| **Total short-term securities** (cost: $273,250,000) |  | 273307 |
| **Total investment securities 99.86%** (cost: $7,395,550,000) |  | 11956936 |
| Other assets less liabilities 0.14% |  | 17120 |
| **Net assets 100.00%** |  | $11974056 |

---

**Investments in affiliates** <sup>(d)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 2.28%** |  |  |  |  |  |  |  |
| **Money market investments 2.28%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(c)</sup>  | $245250 | &nbsp;&nbsp; $1790503 | &nbsp;&nbsp; $1763183 | &nbsp;&nbsp; $(10)<br>| &nbsp;&nbsp; $(30)<br>| &nbsp;&nbsp; $272530 | &nbsp;&nbsp; $13883 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(c)</sup>  | 9850 |  | &nbsp;&nbsp; 9850 <br><sup>(f)</sup><br>|  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(g)</sup><br>|
| **Total 2.28%** |  |  |  | &nbsp;&nbsp; $(10)<br>| &nbsp;&nbsp; $(30)<br>| &nbsp;&nbsp; $272530 | &nbsp;&nbsp; $13883 |

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(d)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(e)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(f)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(g)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| REIT = Real Estate Investment Trust |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **44** |

---

------

U.S. Small and Mid Cap Equity Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 97.32% | Shares | Value<br> (000)<br>|
| **Financials 23.78%** |  |  |
| Capital One Financial Corp.  | 12848 | $3114 |
| Brown & Brown, Inc.  | 29424 | 2345 |
| Fifth Third Bancorp  | 42787 | 2003 |
| RenaissanceRe Holdings, Ltd.  | 6629 | 1864 |
| Victory Capital Holdings, Inc., Class A  | 27021 | 1705 |
| LPL Financial Holdings, Inc.  | 3231 | 1154 |
| StepStone Group, Inc., Class A  | 17773 | 1140 |
| KeyCorp  | 47885 | 988 |
| Hamilton Lane, Inc., Class A  | 7175 | 964 |
| TPG, Inc., Class A  | 13727 | 876 |
| Affirm Holdings, Inc., Class A <sup>(a)</sup>  | 11444 | 852 |
| WEX, Inc. <sup>(a)</sup>  | 5173 | 771 |
| Radian Group, Inc.  | 18868 | 679 |
| Kinsale Capital Group, Inc.  | 1670 | 653 |
| Fiserv, Inc. <sup>(a)</sup>  | 9281 | 623 |
| Ally Financial, Inc.  | 10613 | 481 |
| Ameriprise Financial, Inc.  | 957 | 469 |
| Accelerant Holdings, Class A <sup>(a)</sup>  | 27142 | 444 |
| Artisan Partners Asset Management, Inc., Class A  | 10148 | 413 |
| Tradeweb Markets, Inc., Class A  | 3687 | 396 |
| Arthur J. Gallagher & Co.  | 1462 | 378 |
| Citizens Financial Group, Inc.  | 6328 | 370 |
| Essent Group, Ltd.  | 4628 | 301 |
| Figure Technology Solutions, Inc. <sup>(a)</sup>  | 6252 | 255 |
| GQG Partners, Inc. (CDI)  | 195382 | 228 |
| Blue Owl Capital, Inc., Class A  | 15107 | 226 |
|  |  | 23692 |
| **Industrials 19.73%** |  |  |
| XPO, Inc. <sup>(a)</sup>  | 11702 | 1590 |
| Comfort Systems USA, Inc.  | 1510 | 1409 |
| Crane Co.  | 7592 | 1400 |
| Ingersoll-Rand, Inc.  | 16463 | 1304 |
| United Rentals, Inc.  | 1565 | 1267 |
| Karman Holdings, Inc. <sup>(a)</sup>  | 16913 | 1238 |
| AGCO Corp.  | 8507 | 887 |
| ATI, Inc. <sup>(a)</sup>  | 7165 | 822 |
| Bloom Energy Corp., Class A <sup>(a)</sup>  | 9349 | 812 |
| APi Group Corp. <sup>(a)</sup>  | 18288 | 700 |
| Generac Holdings, Inc. <sup>(a)</sup>  | 5120 | 698 |
| AMETEK, Inc.  | 3100 | 637 |
| SiteOne Landscape Supply, Inc. <sup>(a)</sup>  | 5013 | 624 |
| Core & Main, Inc., Class A <sup>(a)</sup>  | 11721 | 609 |
| PACCAR, Inc.  | 4584 | 502 |
| Applied Industrial Technologies, Inc.  | 1852 | 476 |
| The Toro Co.  | 5383 | 424 |
| CSW Industrials, Inc.  | 1425 | 418 |
| FTAI Aviation, Ltd.  | 2030 | 400 |
| Copart, Inc. <sup>(a)</sup>  | 9486 | 371 |
| HEICO Corp.  | 1059 | 343 |
| Builders FirstSource, Inc. <sup>(a)</sup>  | 3265 | 336 |
| L3Harris Technologies, Inc.  | 1140 | 335 |
| Kadant, Inc.  | 1153 | 329 |
| ESCO Technologies, Inc.  | 1528 | 299 |
| VSE Corp.  | 1708 | 295 |
| Graco, Inc.  | 3172 | 260 |
| Oshkosh Corp.  | 1699 | 213 |
| Robert Half, Inc.  | 6882 | 187 |

---

---

| | |
|:---|:---|
| **45** | American Funds Insurance Series |

---

------

U.S. Small and Mid Cap Equity Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Fluor Corp. <sup>(a)</sup>  | 4663 | $185 |
| United Parcel Service, Inc., Class B  | 1684 | 167 |
| CBIZ, Inc. <sup>(a)</sup>  | 2383 | 120 |
|  |  | 19657 |
| **Consumer discretionary 15.60%** |  |  |
| Hilton Worldwide Holdings, Inc.  | 5955 | 1711 |
| YUM! Brands, Inc.  | 9944 | 1504 |
| Vail Resorts, Inc.  | 10303 | 1368 |
| LKQ Corp.  | 42592 | 1286 |
| Aptiv Holdings, Ltd. <sup>(a)</sup>  | 13584 | 1034 |
| General Motors Co.  | 11011 | 895 |
| Five Below, Inc. <sup>(a)</sup>  | 4322 | 814 |
| Adtalem Global Education, Inc. <sup>(a)</sup>  | 7439 | 770 |
| Bright Horizons Family Solutions, Inc. <sup>(a)</sup>  | 5826 | 591 |
| TopBuild Corp. <sup>(a)</sup>  | 1258 | 525 |
| Flutter Entertainment PLC <sup>(a)</sup>  | 2429 | 522 |
| Wingstop, Inc.  | 2071 | 494 |
| Darden Restaurants, Inc.  | 2559 | 471 |
| D.R. Horton, Inc.  | 3011 | 434 |
| Murphy USA, Inc.  | 927 | 374 |
| Toll Brothers, Inc.  | 2406 | 325 |
| Cavco Industries, Inc. <sup>(a)</sup>  | 546 | 322 |
| Royal Caribbean Cruises, Ltd.  | 1101 | 307 |
| Chewy, Inc., Class A <sup>(a)</sup>  | 8811 | 291 |
| Texas Roadhouse, Inc.  | 1657 | 275 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 7178 | 266 |
| Brinker International, Inc. <sup>(a)</sup>  | 1778 | 255 |
| SharkNinja, Inc. <sup>(a)</sup>  | 1946 | 218 |
| AutoZone, Inc. <sup>(a)</sup>  | 53 | 180 |
| Polaris, Inc.  | 2608 | 165 |
| CAVA Group, Inc. <sup>(a)</sup>  | 2391 | 140 |
|  |  | 15537 |
| **Information technology 11.44%** |  |  |
| Ingram Micro Holding Corp. <sup>(b)</sup>  | 64723 | 1381 |
| Lumentum Holdings, Inc. <sup>(a)</sup>  | 3571 | 1316 |
| Fabrinet, non-registered shares <sup>(a)</sup>  | 2398 | 1092 |
| Keysight Technologies, Inc. <sup>(a)</sup>  | 4973 | 1010 |
| Ciena Corp. <sup>(a)</sup>  | 3954 | 925 |
| Flex, Ltd. <sup>(a)</sup>  | 13238 | 800 |
| MongoDB, Inc., Class A <sup>(a)</sup>  | 1765 | 741 |
| Procore Technologies, Inc. <sup>(a)</sup>  | 8507 | 619 |
| Vontier Corp.  | 16007 | 595 |
| Fair Isaac Corp. <sup>(a)</sup>  | 313 | 529 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 2395 | 472 |
| CompoSecure, Inc., Class A <sup>(a)(c)</sup>  | 20637 | 370 |
| Hewlett Packard Enterprise Co.  | 12286 | 295 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 1350 | 277 |
| Snowflake, Inc. <sup>(a)</sup>  | 1173 | 257 |
| RingCentral, Inc., Class A <sup>(a)</sup>  | 7980 | 230 |
| Clearwater Analytics Holdings, Inc., Class A <sup>(a)</sup>  | 8318 | 201 |
| CoreWeave, Inc., Class A <sup>(a)</sup>  | 1559 | 112 |
| Figma, Inc. <sup>(a)</sup>  | 2983 | 111 |
| Via Transportation, Inc., Class A <sup>(a)</sup>  | 2340 | 68 |
|  |  | 11401 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **46** |

---

------

U.S. Small and Mid Cap Equity Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care 8.63%** |  |  |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup>  | 14469 | $1145 |
| Illumina, Inc. <sup>(a)</sup>  | 5359 | 703 |
| Align Technology, Inc. <sup>(a)</sup>  | 4477 | 699 |
| Medline, Inc., Class A <sup>(a)</sup>  | 14700 | 617 |
| Cooper Cos., Inc. <sup>(a)</sup>  | 6773 | 555 |
| Exact Sciences Corp. <sup>(a)</sup>  | 4899 | 498 |
| Halozyme Therapeutics, Inc. <sup>(a)</sup>  | 6858 | 462 |
| Doximity, Inc., Class A <sup>(a)</sup>  | 8847 | 392 |
| Veeva Systems, Inc., Class A <sup>(a)</sup>  | 1752 | 391 |
| Penumbra, Inc. <sup>(a)</sup>  | 1219 | 379 |
| Natera, Inc. <sup>(a)</sup>  | 1649 | 378 |
| Alignment Healthcare, Inc. <sup>(a)</sup>  | 18667 | 369 |
| Hims & Hers Health, Inc., Class A <sup>(a)</sup>  | 10863 | 353 |
| NewAmsterdam Pharma Co. NV <sup>(a)</sup>  | 9798 | 344 |
| IQVIA Holdings, Inc. <sup>(a)</sup>  | 1442 | 325 |
| Regeneron Pharmaceuticals, Inc.  | 376 | 290 |
| Centessa Pharmaceuticals PLC (ADR) <sup>(a)</sup>  | 9157 | 229 |
| Krystal Biotech, Inc. <sup>(a)</sup>  | 886 | 218 |
| Zimmer Biomet Holdings, Inc.  | 1962 | 176 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 200 | 79 |
|  |  | 8602 |
| **Consumer staples 7.13%** |  |  |
| US Foods Holding Corp. <sup>(a)</sup>  | 29695 | 2237 |
| Monster Beverage Corp. <sup>(a)</sup>  | 16752 | 1284 |
| e.l.f. Beauty, Inc. <sup>(a)</sup>  | 11527 | 877 |
| Dollar General Corp.  | 4932 | 655 |
| Caseys General Stores, Inc.  | 1137 | 628 |
| Estee Lauder Cos., Inc. (The), Class A  | 4095 | 429 |
| Keurig Dr Pepper, Inc.  | 11715 | 328 |
| Maplebear, Inc. <sup>(a)</sup>  | 6897 | 310 |
| Constellation Brands, Inc., Class A  | 1758 | 243 |
| The Campbell's Co.  | 4131 | 115 |
|  |  | 7106 |
| **Energy 2.50%** |  |  |
| Diamondback Energy, Inc.  | 5754 | 865 |
| Baker Hughes Co., Class A  | 13613 | 620 |
| Viper Energy, Inc., Class A  | 8310 | 321 |
| Permian Resources Corp., Class A  | 18919 | 266 |
| SLB, Ltd.  | 6256 | 240 |
| EOG Resources, Inc.  | 1661 | 174 |
|  |  | 2486 |
| **Real estate 2.43%** |  |  |
| Simon Property Group, Inc. REIT  | 6717 | 1244 |
| Essex Property Trust, Inc. REIT  | 2217 | 580 |
| Crown Castle, Inc. REIT  | 5004 | 445 |
| Alexandria Real Estate Equities, Inc. REIT  | 3072 | 150 |
|  |  | 2419 |
| **Materials 2.29%** |  |  |
| International Paper Co.  | 19368 | 763 |
| Westlake Corp.  | 6765 | 500 |

---

---

| | |
|:---|:---|
| **47** | American Funds Insurance Series |

---

------

U.S. Small and Mid Cap Equity Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Element Solutions, Inc.  | 17078 | $427 |
| Perpetua Resources Corp. <sup>(a)</sup>  | 16342 | 396 |
| Corteva, Inc.  | 2901 | 194 |
|  |  | 2280 |
| **Communication services 1.90%** |  |  |
| ROBLOX Corp., Class A <sup>(a)</sup>  | 14370 | 1164 |
| Live Nation Entertainment, Inc. <sup>(a)</sup>  | 3723 | 530 |
| Charter Communications, Inc., Class A <sup>(a)</sup>  | 761 | 159 |
| Stubhub Holdings, Inc., Class A <sup>(a)(b)</sup>  | 2858 | 39 |
|  |  | 1892 |
| **Utilities 1.89%** |  |  |
| Exelon Corp.  | 29519 | 1287 |
| NRG Energy, Inc.  | 3150 | 501 |
| FirstEnergy Corp.  | 2147 | 96 |
|  |  | 1884 |
| **Total common stocks** (cost: $93,297,000) |  | 96956 |
| Short-term securities 3.82% |  |  |
| **Money market investments 2.97%** | **Money market investments 2.97%** | **Money market investments 2.97%** |
| Capital Group Central Cash Fund 3.79% <sup>(d)(e)</sup>  | 29620 | 2963 |
| **Money market investments purchased with collateral from securities on loan 0.85%** | **Money market investments purchased with collateral from securities on loan 0.85%** | **Money market investments purchased with collateral from securities on loan 0.85%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(d)(f)</sup>  | 846291 | 846 |
| **Total short-term securities** (cost: $3,808,000) |  | 3809 |
| **Total investment securities 101.14%** (cost: $97,105,000) |  | 100765 |
| Other assets less liabilities (1.14)% |  | (1139)<br>|
| **Net assets 100.00%** |  | $99626 |

---

**Investments in affiliates** <sup>(e)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 2.97%** |  |  |  |  |  |  |  |
| **Money market investments 2.97%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(d)</sup>  | $288 | &nbsp;&nbsp; $29708 | &nbsp;&nbsp; $27033 | &nbsp;&nbsp; $— <br><sup>(g)</sup><br>| &nbsp;&nbsp; $— <br><sup>(g)</sup><br>| &nbsp;&nbsp; $2963 | &nbsp;&nbsp; $60 |

---

**Restricted securities** <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| CompoSecure, Inc., Class A <sup>(a)</sup> <br>| 12/24/2025 | $382 | $370 | 0.37<br> %<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **48** |

---

------

U.S. Small and Mid Cap Equity Fund (continued)

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

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(e)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(f)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(g)</sup> Amount less than one thousand.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CDI = CREST Depository Interest  |
| REIT = Real Estate Investment Trust |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **49** | American Funds Insurance Series |

---

------

Capital World Growth and Income Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 98.15% | Shares | Value<br> (000)<br>|
| **Information technology 23.97%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 2005772 | $97989 |
| Broadcom, Inc.  | 268307 | 92861 |
| Microsoft Corp.  | 146416 | 70810 |
| NVIDIA Corp.  | 281180 | 52440 |
| Apple, Inc.  | 140959 | 38321 |
| Micron Technology, Inc.  | 111566 | 31842 |
| ASML Holding NV  | 16667 | 17815 |
| ASML Holding NV (ADR)  | 1512 | 1618 |
| International Business Machines Corp.  | 48120 | 14254 |
| Tokyo Electron, Ltd.  | 51975 | 11415 |
| Intel Corp. <sup>(a)</sup>  | 273031 | 10075 |
| MediaTek, Inc.  | 157094 | 7118 |
| Amphenol Corp., Class A  | 32412 | 4380 |
| Lenovo Group, Ltd.  | 3686000 | 4371 |
| Seagate Technology Holdings PLC  | 15867 | 4370 |
| Synopsys, Inc. <sup>(a)</sup>  | 8886 | 4174 |
| Applied Materials, Inc.  | 15190 | 3904 |
| Oracle Corp.  | 18982 | 3700 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 18872 | 3038 |
| Accenture PLC, Class A  | 10643 | 2855 |
| Samsung Electronics Co., Ltd.  | 33844 | 2821 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 12488 | 2462 |
| Capgemini SE  | 14098 | 2335 |
| Allegro MicroSystems, Inc. <sup>(a)</sup>  | 88141 | 2325 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 9877 | 2024 |
| Constellation Software, Inc.  | 721 | 1734 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 2510 | 1691 |
| KLA Corp.  | 1314 | 1597 |
| Marvell Technology, Inc.  | 18061 | 1535 |
| Salesforce, Inc.  | 4029 | 1067 |
| SAP SE  | 3885 | 950 |
| Fair Isaac Corp. <sup>(a)</sup>  | 458 | 774 |
| Strategy, Inc., Class A <sup>(a)</sup>  | 4258 | 647 |
| Corning, Inc.  | 7323 | 641 |
| Advantech Co., Ltd.  | 30098 | 274 |
|  |  | 500227 |
| **Industrials 16.25%** |  |  |
| General Electric Co.  | 80356 | 24752 |
| Airbus SE, non-registered shares  | 90056 | 20889 |
| BAE Systems PLC  | 890700 | 20476 |
| Siemens AG  | 64151 | 18016 |
| RTX Corp.  | 95086 | 17439 |
| TransDigm Group, Inc.  | 11792 | 15682 |
| Leonardo SpA  | 255861 | 14657 |
| Deere & Co.  | 29808 | 13878 |
| Volvo AB, Class B  | 391329 | 12544 |
| Melrose Industries PLC  | 1317195 | 10363 |
| Ryanair Holdings PLC (ADR)  | 143498 | 10359 |
| Hitachi, Ltd.  | 269600 | 8364 |
| Compagnie de Saint-Gobain SA, non-registered shares  | 78427 | 7961 |
| Union Pacific Corp.  | 34166 | 7903 |
| Carrier Global Corp.  | 147179 | 7777 |
| Safran SA  | 22132 | 7701 |
| United Rentals, Inc.  | 9239 | 7477 |
| Mitsui & Co., Ltd.  | 252500 | 7463 |
| Rolls-Royce Holdings PLC  | 438695 | 6819 |
| Siemens Energy AG  | 41713 | 5895 |
| Ingersoll-Rand, Inc.  | 73089 | 5790 |
| L3Harris Technologies, Inc.  | 19651 | 5769 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **50** |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Parker-Hannifin Corp.  | 5942 | $5223 |
| Deutsche Post AG  | 94991 | 5203 |
| Lockheed Martin Corp.  | 10189 | 4928 |
| ITOCHU Corp.  | 377000 | 4759 |
| Prysmian SpA  | 47580 | 4744 |
| RELX PLC  | 102326 | 4139 |
| Techtronic Industries Co., Ltd.  | 352500 | 4050 |
| IHI Corp.  | 204168 | 3600 |
| XPO, Inc. <sup>(a)</sup>  | 24624 | 3347 |
| Saab AB, Class B  | 50858 | 2958 |
| International Consolidated Airlines Group SA (CDI)  | 528593 | 2927 |
| GE Vernova, Inc.  | 4428 | 2894 |
| Core & Main, Inc., Class A <sup>(a)</sup>  | 54167 | 2815 |
| Bureau Veritas SA  | 84710 | 2698 |
| Weir Group PLC (The)  | 53913 | 2058 |
| MTU Aero Engines AG  | 4854 | 2025 |
| FTAI Aviation, Ltd.  | 9560 | 1882 |
| Crane Co.  | 9711 | 1791 |
| Marubeni Corp.  | 63000 | 1753 |
| Bombardier, Inc., Class B <sup>(a)</sup>  | 9858 | 1677 |
| Bouygues SA  | 30905 | 1602 |
| Comfort Systems USA, Inc.  | 1627 | 1518 |
| Recruit Holdings Co., Ltd.  | 25350 | 1446 |
| Bunzl PLC  | 42369 | 1182 |
| Randstad NV, non-registered shares  | 28055 | 1067 |
| Woodward, Inc.  | 3354 | 1014 |
| Vestas Wind Systems AS  | 35740 | 965 |
| SECOM Co., Ltd.  | 27100 | 963 |
| Howmet Aerospace, Inc.  | 4522 | 927 |
| Rocket Lab Corp. <sup>(a)</sup>  | 12810 | 894 |
| Boeing Co. (The) <sup>(a)</sup>  | 3785 | 822 |
| Diploma PLC  | 11469 | 818 |
| PACCAR, Inc.  | 7084 | 776 |
| Ferguson Enterprises, Inc.  | 2880 | 641 |
| Valmet OYJ  | 17763 | 588 |
| FedEx Corp.  | 1469 | 424 |
|  |  | 339092 |
| **Financials 14.57%** |  |  |
| Chubb, Ltd.  | 41141 | 12841 |
| Citigroup, Inc.  | 109791 | 12811 |
| NatWest Group PLC  | 1411295 | 12309 |
| Zurich Insurance Group AG  | 15887 | 12058 |
| JPMorgan Chase & Co.  | 36957 | 11908 |
| Capital One Financial Corp.  | 44690 | 10831 |
| Aviva PLC  | 1178167 | 10787 |
| Mastercard, Inc., Class A  | 18307 | 10451 |
| Apollo Asset Management, Inc.  | 66212 | 9585 |
| BPER Banca SpA  | 688480 | 9310 |
| Visa, Inc., Class A  | 23806 | 8349 |
| Bank of America Corp.  | 151204 | 8316 |
| American Express Co.  | 21561 | 7976 |
| Wells Fargo & Co.  | 73531 | 6853 |
| UniCredit SpA  | 82515 | 6850 |
| ING Groep NV  | 242789 | 6825 |
| BlackRock, Inc.  | 5785 | 6192 |
| Arthur J. Gallagher & Co.  | 22281 | 5766 |
| Banco Bilbao Vizcaya Argentaria SA  | 240821 | 5633 |
| Blackstone, Inc.  | 34103 | 5257 |
| Galaxy Digital, Inc., Class A <sup>(a)(b)</sup>  | 153894 | 3441 |

---

---

| | |
|:---|:---|
| **51** | American Funds Insurance Series |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Galaxy Digital, Inc., Class A <sup>(a)</sup>  | 73055 | $1634 |
| AIA Group, Ltd.  | 489469 | 5028 |
| HDFC Life Insurance Co., Ltd.  | 586869 | 4905 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 7210 | 4761 |
| Mizuho Financial Group, Inc.  | 128300 | 4659 |
| 3i Group PLC  | 103448 | 4501 |
| Aon PLC, Class A  | 12706 | 4484 |
| Israel Discount Bank, Ltd., Class A  | 416534 | 4423 |
| Erste Group Bank AG  | 33771 | 4063 |
| Partners Group Holding AG  | 3097 | 3804 |
| Postal Savings Bank of China Co., Ltd., Class H  | 5553383 | 3790 |
| FinecoBank SpA  | 138712 | 3602 |
| BNP Paribas SA  | 36364 | 3441 |
| Ping An Insurance (Group) Co. of China, Ltd., Class H  | 404280 | 3401 |
| KB Financial Group, Inc.  | 39325 | 3400 |
| Blue Owl Capital, Inc., Class A  | 224513 | 3354 |
| Svenska Handelsbanken AB, Class A  | 226988 | 3310 |
| Progressive Corp.  | 13531 | 3081 |
| DBS Group Holdings, Ltd.  | 66200 | 2897 |
| Marsh & McLennan Cos., Inc.  | 14198 | 2634 |
| Danske Bank AS  | 52190 | 2603 |
| Ares Management Corp., Class A  | 14926 | 2412 |
| Morgan Stanley  | 13148 | 2334 |
| TPG, Inc., Class A  | 36181 | 2310 |
| Nu Holdings, Ltd., Class A <sup>(a)</sup>  | 132234 | 2214 |
| HDFC Bank, Ltd.  | 127497 | 1409 |
| HDFC Bank, Ltd. (ADR)  | 17258 | 630 |
| HSBC Holdings PLC (HKD denominated)  | 130000 | 2036 |
| B3 SA - Brasil, Bolsa, Balcao  | 732050 | 1905 |
| AXA SA  | 39014 | 1876 |
| American International Group, Inc.  | 20908 | 1789 |
| Brown & Brown, Inc.  | 22407 | 1786 |
| Banco Comercial Portugues, SA  | 1692704 | 1774 |
| IG Group Holdings PLC  | 93625 | 1660 |
| CaixaBank SA, non-registered shares  | 125217 | 1529 |
| CVC Capital Partners PLC  | 88920 | 1489 |
| National Bank of Canada  | 11544 | 1452 |
| Skandinaviska Enskilda Banken AB, Class A  | 62547 | 1320 |
| Federal Home Loan Mortgage Corp. <sup>(a)</sup>  | 122752 | 1245 |
| Fannie Mae <sup>(a)</sup>  | 99902 | 1072 |
| Allianz SE  | 2300 | 1055 |
| Bank Hapoalim BM  | 46635 | 1055 |
| Credicorp, Ltd.  | 3392 | 973 |
| Abu Dhabi Islamic Bank PJSC  | 164126 | 928 |
| China Merchants Bank Co., Ltd., Class H  | 122403 | 828 |
| Goldman Sachs Group, Inc.  | 871 | 766 |
| Brookfield Asset Management, Ltd., Class A (CAD denominated)  | 14178 | 743 |
| LPL Financial Holdings, Inc.  | 2038 | 728 |
| Fidelity National Information Services, Inc.  | 10845 | 721 |
| Macquarie Group, Ltd.  | 4650 | 626 |
| XP, Inc., Class A  | 36512 | 598 |
| Standard Chartered PLC  | 19485 | 476 |
| Tokio Marine Holdings, Inc.  | 6000 | 223 |
| Sberbank of Russia PJSC <sup>(c)</sup>  | 3196952 | — <br><sup>(d)</sup><br>|
|  |  | 304086 |
| **Communication services 9.18%** |  |  |
| Alphabet, Inc., Class A  | 119827 | 37506 |
| Alphabet, Inc., Class C  | 112570 | 35324 |
| Meta Platforms, Inc., Class A  | 40871 | 26979 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **52** |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication services (continued)** |  |  |
| SoftBank Group Corp.  | 669268 | $18868 |
| Netflix, Inc. <sup>(a)</sup>  | 123855 | 11613 |
| Publicis Groupe SA  | 105250 | 10919 |
| Singapore Telecommunications, Ltd.  | 2193563 | 7772 |
| NetEase, Inc.  | 212900 | 5859 |
| NetEase, Inc. (ADR)  | 4006 | 551 |
| Orange  | 323745 | 5402 |
| Bharti Airtel, Ltd.  | 210509 | 4938 |
| Bharti Airtel, Ltd., interim shares  | 12466 | 235 |
| Tencent Holdings, Ltd.  | 58900 | 4513 |
| Comcast Corp., Class A  | 149929 | 4481 |
| Universal Music Group NV  | 157145 | 4106 |
| AT&T, Inc.  | 129224 | 3210 |
| Nintendo Co., Ltd.  | 38800 | 2621 |
| Spotify Technology SA <sup>(a)</sup>  | 4149 | 2409 |
| Omnicom Group, Inc.  | 25602 | 2067 |
| Walt Disney Co. (The)  | 10917 | 1242 |
| SoftBank Corp.  | 677450 | 930 |
|  |  | 191545 |
| **Consumer discretionary 8.32%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup>  | 144814 | 33426 |
| Industria de Diseno Textil SA  | 183973 | 12118 |
| Trip.com Group, Ltd. (ADR)  | 79347 | 5706 |
| Trip.com Group, Ltd.  | 77636 | 5569 |
| Compagnie Financiere Richemont SA, Class A  | 50205 | 10835 |
| Tesla, Inc. <sup>(a)</sup>  | 23878 | 10738 |
| Flutter Entertainment PLC <sup>(a)</sup>  | 41831 | 8995 |
| Starbucks Corp.  | 104616 | 8810 |
| Royal Caribbean Cruises, Ltd.  | 31446 | 8771 |
| MercadoLibre, Inc. <sup>(a)</sup>  | 4232 | 8524 |
| NEXT PLC  | 38851 | 7148 |
| Las Vegas Sands Corp.  | 94294 | 6138 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 7475 | 5635 |
| Booking Holdings, Inc.  | 927 | 4964 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 124254 | 4597 |
| D.R. Horton, Inc.  | 28110 | 4049 |
| Alibaba Group Holding, Ltd. (ADR)  | 20723 | 3038 |
| Hermes International  | 1159 | 2864 |
| Compagnie Generale des Etablissements Michelin  | 73679 | 2444 |
| Restaurant Brands International, Inc. (CAD denominated)  | 27334 | 1865 |
| Hyundai Motor Co.  | 8986 | 1840 |
| InterContinental Hotels Group PLC  | 12632 | 1769 |
| Moncler SpA  | 27170 | 1746 |
| Compass Group PLC  | 54547 | 1735 |
| Carvana Co., Class A <sup>(a)</sup>  | 3915 | 1652 |
| Suzuki Motor Corp.  | 98200 | 1459 |
| Aristocrat Leisure, Ltd.  | 34618 | 1343 |
| Midea Group Co., Ltd., Class A  | 113000 | 1263 |
| NIKE, Inc., Class B  | 16141 | 1028 |
| Accor SA  | 15785 | 894 |
| Zensho Holdings Co., Ltd.  | 14300 | 820 |
| Sea, Ltd., Class A (ADR) <sup>(a)</sup>  | 5758 | 735 |
| Dollarama, Inc.  | 4772 | 713 |
| Kering SA  | 1243 | 439 |
|  |  | 173670 |
| **Health care 8.25%** |  |  |
| Eli Lilly and Co.  | 36376 | 39093 |

---

---

| | |
|:---|:---|
| **53** | American Funds Insurance Series |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care (continued)** |  |  |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 35954 | $16300 |
| Abbott Laboratories  | 108041 | 13536 |
| Medtronic PLC  | 125128 | 12020 |
| UnitedHealth Group, Inc.  | 24947 | 8235 |
| Novo Nordisk AS, Class B  | 160061 | 8159 |
| Johnson & Johnson  | 36478 | 7549 |
| Gilead Sciences, Inc.  | 57932 | 7111 |
| Stryker Corp.  | 17674 | 6212 |
| AstraZeneca PLC  | 32200 | 5931 |
| Takeda Pharmaceutical Co., Ltd.  | 189000 | 5872 |
| Sanofi  | 57677 | 5596 |
| Thermo Fisher Scientific, Inc.  | 9013 | 5223 |
| Daiichi Sankyo Co., Ltd.  | 225900 | 4811 |
| Amgen, Inc.  | 14470 | 4736 |
| EssilorLuxottica SA  | 14229 | 4499 |
| Insulet Corp. <sup>(a)</sup>  | 10684 | 3037 |
| AbbVie, Inc.  | 10898 | 2490 |
| GE HealthCare Technologies, Inc.  | 18849 | 1546 |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup>  | 24993 | 1485 |
| CVS Health Corp.  | 17836 | 1415 |
| Molina Healthcare, Inc. <sup>(a)</sup>  | 7751 | 1345 |
| Haleon PLC  | 244709 | 1238 |
| Lonza Group AG  | 1598 | 1081 |
| Boston Scientific Corp. <sup>(a)</sup>  | 10853 | 1035 |
| Rede D'Or Sao Luiz SA  | 122458 | 907 |
| Chugai Pharmaceutical Co., Ltd.  | 17100 | 899 |
| Fresenius SE & Co. KGaA  | 11068 | 637 |
| agilon health, Inc. <sup>(a)</sup>  | 125582 | 86 |
|  |  | 172084 |
| **Materials 6.04%** |  |  |
| Vale SA, ordinary nominative shares  | 1042597 | 13632 |
| Vale SA (ADR), ordinary nominative shares  | 147928 | 1927 |
| Freeport-McMoRan, Inc.  | 290202 | 14739 |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 356560 | 9560 |
| Heidelberg Materials AG, non-registered shares  | 31146 | 8156 |
| Ivanhoe Mines, Ltd., Class A <sup>(a)</sup>  | 626382 | 7124 |
| Anglo American PLC  | 157771 | 6502 |
| Glencore PLC  | 958289 | 5213 |
| Linde PLC  | 11690 | 4984 |
| Anglogold Ashanti PLC  | 58022 | 4948 |
| Air Products and Chemicals, Inc.  | 18354 | 4534 |
| Corteva, Inc.  | 64430 | 4319 |
| Antofagasta PLC  | 91571 | 4019 |
| Agnico Eagle Mines, Ltd.  | 23441 | 3975 |
| Nippon Steel Corp.  | 865000 | 3538 |
| Smurfit Westrock PLC  | 88600 | 3426 |
| CRH PLC  | 26681 | 3330 |
| Southern Copper Corp.  | 22583 | 3240 |
| Rio Tinto PLC  | 40408 | 3224 |
| Air Liquide SA  | 12636 | 2378 |
| Grupo Mexico, SAB de CV, Series B  | 249486 | 2356 |
| LyondellBasell Industries NV  | 51002 | 2208 |
| Lundin Mining Corp.  | 100869 | 2168 |
| Dow, Inc.  | 84972 | 1987 |
| Franco-Nevada Corp.  | 8714 | 1806 |
| Akzo Nobel NV  | 11772 | 818 |
| Shin-Etsu Chemical Co., Ltd.  | 26000 | 809 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **54** |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Lynas Rare Earths, Ltd. <sup>(a)</sup>  | 76018 | $627 |
| BASF SE  | 6478 | 338 |
| Zijin Gold International Co., Ltd. <sup>(a)</sup>  | 8900 | 166 |
|  |  | 126051 |
| **Consumer staples 4.82%** |  |  |
| Philip Morris International, Inc.  | 264831 | 42479 |
| British American Tobacco PLC  | 257586 | 14599 |
| Nestle SA  | 124694 | 12394 |
| Imperial Brands PLC  | 254415 | 10696 |
| JBS NV (BDR) <sup>(a)</sup>  | 221456 | 3194 |
| Ocado Group PLC <sup>(a)</sup>  | 792264 | 2515 |
| Danone SA  | 23736 | 2142 |
| Bunge Global SA  | 22247 | 1982 |
| Sysco Corp.  | 23248 | 1713 |
| Walmart, Inc.  | 12868 | 1434 |
| US Foods Holding Corp. <sup>(a)</sup>  | 14397 | 1084 |
| Ajinomoto Co., Inc.  | 49400 | 1045 |
| Procter & Gamble Co.  | 7275 | 1042 |
| Loblaw Cos., Ltd.  | 21096 | 954 |
| Arca Continental, SAB de CV  | 87378 | 946 |
| Keurig Dr Pepper, Inc.  | 29253 | 819 |
| Kweichow Moutai Co., Ltd., Class A  | 4100 | 807 |
| Coca-Cola Co.  | 10706 | 748 |
|  |  | 100593 |
| **Energy 3.72%** |  |  |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 482117 | 16330 |
| Cameco Corp. (CAD denominated)  | 118635 | 10863 |
| Cameco Corp.  | 46105 | 4218 |
| Shell PLC (GBP denominated)  | 341079 | 12530 |
| Shell PLC (EUR denominated)  | 14064 | 519 |
| EOG Resources, Inc.  | 110268 | 11579 |
| Baker Hughes Co., Class A  | 95061 | 4329 |
| TC Energy Corp. (CAD denominated)  | 74780 | 4118 |
| Neste OYJ  | 166062 | 3758 |
| BP PLC  | 633071 | 3675 |
| Suncor Energy, Inc.  | 68819 | 3055 |
| Expand Energy Corp.  | 12380 | 1366 |
| Tourmaline Oil Corp.  | 14829 | 665 |
| ADNOC Drilling Co. PJSC  | 381223 | 554 |
|  |  | 77559 |
| **Utilities 2.19%** |  |  |
| Engie SA  | 596827 | 15693 |
| Southern Co. (The)  | 61750 | 5385 |
| Iberdrola SA, non-registered shares  | 225821 | 4888 |
| Pinnacle West Capital Corp.  | 36700 | 3255 |
| NextEra Energy, Inc.  | 38632 | 3101 |
| E.ON SE  | 150047 | 2845 |
| National Grid PLC  | 154423 | 2380 |
| Dominion Energy, Inc.  | 39815 | 2333 |
| Duke Energy Corp.  | 18764 | 2199 |
| Constellation Energy Corp.  | 5656 | 1998 |
| DTE Energy Co.  | 10779 | 1390 |
| SSE PLC  | 5948 | 174 |
|  |  | 45641 |

---

---

| | |
|:---|:---|
| **55** | American Funds Insurance Series |

---

------

Capital World Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Real estate 0.84%** |  |  |
| Prologis, Inc. REIT  | 48096 | $6140 |
| China Resources Mixc Lifestyle Services, Ltd.  | 924400 | 5083 |
| Mitsubishi Estate Co., Ltd.  | 73600 | 1793 |
| Simon Property Group, Inc. REIT  | 7706 | 1426 |
| UDR, Inc. REIT  | 32096 | 1177 |
| VICI Properties, Inc. REIT  | 39802 | 1119 |
| Goodman Logistics (HK), Ltd. REIT  | 40304 | 829 |
|  |  | 17567 |
| **Total common stocks** (cost: $1,169,007,000) |  | 2048115 |
| Preferred securities 0.30% |  |  |
| **Financials 0.30%** |  |  |
| Itau Unibanco Holding SA, preferred nominative shares  | 330165 | 2367 |
| Itau Unibanco Holding SA (ADR), preferred nominative shares  | 226056 | 1618 |
| Fannie Mae, Series S, 8.25% noncumulative preferred shares <sup>(a)</sup>  | 80909 | 1232 |
| Federal Home Loan Mortgage Corp., Series Z, 8.375% noncumulative preferred shares <sup>(a)(e)</sup>  | 69041 | 994 |
|  |  | 6211 |
| **Total preferred securities** (cost: $5,265,000) |  | 6211 |
| Bonds, notes & other debt instruments 0.05% | Principal amount<br> (000)<br>|  |
| **Bonds & notes of governments & government agencies outside the U.S. 0.03%** | **Bonds & notes of governments & government agencies outside the U.S. 0.03%** | **Bonds & notes of governments & government agencies outside the U.S. 0.03%** |
| Brazil (Federative Republic of) 10.00% 1/1/2027  | BRL3,300 | 584 |
| **Corporate bonds and notes 0.02%** | **Corporate bonds and notes 0.02%** | **Corporate bonds and notes 0.02%** |
| **Health care 0.02%** |  |  |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | USD432 | 428 |
| **Total bonds, notes & other debt instruments** (cost: $967,000) |  | 1012 |
| Short-term securities 1.30% | Shares |  |
| **Money market investments 1.26%** | **Money market investments 1.26%** | **Money market investments 1.26%** |
| Capital Group Central Cash Fund 3.79% <sup>(f)(g)</sup>  | 262010 | 26204 |
| **Money market investments purchased with collateral from securities on loan 0.04%** | **Money market investments purchased with collateral from securities on loan 0.04%** | **Money market investments purchased with collateral from securities on loan 0.04%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(f)(h)</sup>  | 906417 | 906 |
| **Total short-term securities** (cost: $27,106,000) | **Total short-term securities** (cost: $27,106,000) | 27110 |
| **Total investment securities 99.80%** (cost: $1,202,345,000) | **Total investment securities 99.80%** (cost: $1,202,345,000) | 2082448 |
| Other assets less liabilities 0.20% |  | 4261 |
| **Net assets 100.00%** |  | $2086709 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **56** |

---

------

Capital World Growth and Income Fund (continued)

**Investments in affiliates** <sup>(g)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.26%** |  |  |  |  |  |  |  |
| **Money market investments 1.26%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(f)</sup>  | $46673 | &nbsp;&nbsp; $322340 | &nbsp;&nbsp; $342810 | &nbsp;&nbsp; $5 | &nbsp;&nbsp; $(4)<br>| &nbsp;&nbsp; $26204 | &nbsp;&nbsp; $2805 |

---

**Restricted securities** <sup>(b)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Galaxy Digital, Inc., Class A <sup>(a)</sup> <br>| 10/10/2025 | $5540 | $3441 | 0.16<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Amount less than one thousand.

<sup>(e)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(f)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(g)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(h)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| BDR = Brazilian Depositary Receipts |
| BRL = Brazilian reais |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| EUR = Euros |
| GBP = British pounds |
| HKD = Hong Kong dollars |
| REIT = Real Estate Investment Trust |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **57** | American Funds Insurance Series |

---

------

Growth-Income Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 97.39% | Shares | Value<br> (000)<br>|
| **Information technology 31.31%** |  |  |
| NVIDIA Corp.  | 16585113 | $3093124 |
| Microsoft Corp.  | 6355199 | 3073501 |
| Broadcom, Inc.  | 6636411 | 2296862 |
| Apple, Inc.  | 6072252 | 1650802 |
| Applied Materials, Inc.  | 3375839 | 867557 |
| Amphenol Corp., Class A  | 3401335 | 459656 |
| Oracle Corp.  | 1505598 | 293456 |
| Seagate Technology Holdings PLC  | 1046348 | 288154 |
| Cognizant Technology Solutions Corp., Class A  | 3381043 | 280627 |
| Accenture PLC, Class A  | 888876 | 238485 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 4102000 | 200397 |
| Arista Networks, Inc. <sup>(a)</sup>  | 1418856 | 185913 |
| Entegris, Inc.  | 1768942 | 149033 |
| Salesforce, Inc.  | 535038 | 141737 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 102313 | 68940 |
| Texas Instruments, Inc.  | 374945 | 65049 |
| Marvell Technology, Inc.  | 761477 | 64710 |
| Adobe, Inc. <sup>(a)</sup>  | 163526 | 57232 |
| Corning, Inc.  | 600000 | 52536 |
| Palo Alto Networks, Inc. <sup>(a)</sup>  | 220554 | 40626 |
| ASML Holding NV  | 28845 | 30833 |
| QUALCOMM, Inc.  | 141313 | 24172 |
| Micron Technology, Inc.  | 78021 | 22268 |
| Fair Isaac Corp. <sup>(a)</sup>  | 8541 | 14440 |
|  |  | 13660110 |
| **Industrials 13.55%** |  |  |
| RTX Corp.  | 7418732 | 1360595 |
| Automatic Data Processing, Inc.  | 1993331 | 512745 |
| Airbus SE, non-registered shares  | 1921964 | 445806 |
| General Dynamics Corp.  | 1230528 | 414270 |
| GFL Environmental, Inc., subordinate voting shares  | 8706752 | 373955 |
| Carrier Global Corp.  | 6005807 | 317347 |
| General Electric Co.  | 1019662 | 314087 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 2826696 | 230969 |
| XPO, Inc. <sup>(a)</sup>  | 1695007 | 230368 |
| Union Pacific Corp.  | 862971 | 199622 |
| Ingersoll-Rand, Inc.  | 2494401 | 197606 |
| Caterpillar, Inc.  | 326877 | 187258 |
| Paychex, Inc.  | 1519430 | 170450 |
| Honeywell International, Inc.  | 828971 | 161724 |
| United Rentals, Inc.  | 188542 | 152591 |
| TransDigm Group, Inc.  | 113503 | 150942 |
| L3Harris Technologies, Inc.  | 459926 | 135020 |
| CSX Corp.  | 3114334 | 112895 |
| APi Group Corp. <sup>(a)</sup>  | 1733157 | 66311 |
| Waste Management, Inc.  | 284081 | 62415 |
| Woodward, Inc.  | 204293 | 61762 |
| Boeing Co. (The) <sup>(a)</sup>  | 238104 | 51697 |
|  |  | 5910435 |
| **Financials 11.99%** |  |  |
| JPMorgan Chase & Co.  | 2413448 | 777661 |
| Mastercard, Inc., Class A  | 1060909 | 605652 |
| BlackRock, Inc.  | 504695 | 540195 |
| Wells Fargo & Co.  | 5041337 | 469853 |
| Fidelity National Information Services, Inc.  | 6205397 | 412411 |
| Progressive Corp.  | 766051 | 174445 |
| Morgan Stanley  | 957257 | 169942 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **58** |

---

------

Growth-Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Capital One Financial Corp.  | 697472 | $169039 |
| Visa, Inc., Class A  | 445602 | 156277 |
| Chubb, Ltd.  | 495560 | 154674 |
| Goldman Sachs Group, Inc.  | 174257 | 153172 |
| Marsh & McLennan Cos., Inc.  | 798956 | 148222 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup>  | 269334 | 135381 |
| B3 SA - Brasil, Bolsa, Balcao  | 44971737 | 117059 |
| American Express Co.  | 303325 | 112215 |
| PNC Financial Services Group, Inc.  | 520903 | 108728 |
| Pinnacle Financial Partners, Inc.  | 1131294 | 107937 |
| U.S. Bancorp  | 1948827 | 103989 |
| Arthur J. Gallagher & Co.  | 374193 | 96837 |
| Apollo Asset Management, Inc.  | 665703 | 96367 |
| State Street Corp.  | 681940 | 87977 |
| S&P Global, Inc.  | 165000 | 86227 |
| CME Group, Inc., Class A  | 292470 | 79868 |
| Blackstone, Inc.  | 400140 | 61678 |
| PayPal Holdings, Inc.  | 1053348 | 61495 |
| American International Group, Inc.  | 507353 | 43404 |
|  |  | 5230705 |
| **Health care 10.04%** |  |  |
| Eli Lilly and Co.  | 1648956 | 1772100 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 1484547 | 673034 |
| AbbVie, Inc.  | 1684603 | 384915 |
| UnitedHealth Group, Inc.  | 1032933 | 340981 |
| Abbott Laboratories  | 2330871 | 292035 |
| Thermo Fisher Scientific, Inc.  | 277075 | 160551 |
| Cencora, Inc.  | 401982 | 135769 |
| Cigna Group (The)  | 321281 | 88426 |
| Johnson & Johnson  | 426488 | 88262 |
| Intuitive Surgical, Inc. <sup>(a)</sup>  | 122132 | 69171 |
| Danaher Corp.  | 250263 | 57290 |
| Gilead Sciences, Inc.  | 430961 | 52896 |
| Amgen, Inc.  | 151000 | 49424 |
| GE HealthCare Technologies, Inc.  | 582499 | 47777 |
| Insulet Corp. <sup>(a)</sup>  | 162641 | 46229 |
| CVS Health Corp.  | 535085 | 42464 |
| Stryker Corp.  | 111700 | 39259 |
| Medtronic PLC  | 210000 | 20173 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 49075 | 19515 |
|  |  | 4380271 |
| **Consumer discretionary 10.04%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup>  | 8601419 | 1985379 |
| Starbucks Corp.  | 5641121 | 475039 |
| Wyndham Hotels & Resorts, Inc. <sup>(b)</sup>  | 4910876 | 371066 |
| Royal Caribbean Cruises, Ltd.  | 1137038 | 317143 |
| Tesla, Inc. <sup>(a)</sup>  | 703606 | 316426 |
| Home Depot, Inc.  | 737552 | 253792 |
| Las Vegas Sands Corp.  | 2000000 | 130180 |
| Viking Holdings, Ltd. <sup>(a)</sup>  | 1559413 | 111358 |
| Carvana Co., Class A <sup>(a)</sup>  | 214692 | 90604 |
| Sony Group Corp.  | 3009200 | 76915 |
| TJX Cos., Inc. (The)  | 495864 | 76170 |
| Booking Holdings, Inc.  | 12304 | 65892 |

---

---

| | |
|:---|:---|
| **59** | American Funds Insurance Series |

---

------

Growth-Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** |  |  |
| YUM! Brands, Inc.  | 272921 | $41287 |
| DoorDash, Inc., Class A <sup>(a)</sup>  | 155002 | 35105 |
| Hilton Worldwide Holdings, Inc.  | 107229 | 30801 |
|  |  | 4377157 |
| **Communication services 8.04%** |  |  |
| Alphabet, Inc., Class A  | 3942665 | 1234054 |
| Alphabet, Inc., Class C  | 1489089 | 467276 |
| Meta Platforms, Inc., Class A  | 2114599 | 1395826 |
| Netflix, Inc. <sup>(a)</sup>  | 2229300 | 209019 |
| SoftBank Group Corp.  | 3459180 | 97522 |
| Universal Music Group NV  | 3239458 | 84633 |
| Comcast Corp., Class A  | 624053 | 18653 |
|  |  | 3506983 |
| **Energy 3.96%** |  |  |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 14093913 | 477379 |
| Baker Hughes Co., Class A  | 8127441 | 370124 |
| Exxon Mobil Corp.  | 2651600 | 319094 |
| Halliburton Co.  | 6689719 | 189051 |
| Expand Energy Corp.  | 1031973 | 113888 |
| TC Energy Corp.  | 1629755 | 89653 |
| Chevron Corp.  | 444985 | 67820 |
| EOG Resources, Inc.  | 575078 | 60389 |
| ConocoPhillips  | 434738 | 40696 |
|  |  | 1728094 |
| **Consumer staples 2.85%** |  |  |
| British American Tobacco PLC  | 9929507 | 562781 |
| Procter & Gamble Co.  | 1304474 | 186944 |
| Philip Morris International, Inc.  | 1042193 | 167168 |
| Coca-Cola Co.  | 1948634 | 136229 |
| Imperial Brands PLC  | 2747647 | 115516 |
| Mondelez International, Inc., Class A  | 791236 | 42592 |
| Keurig Dr Pepper, Inc.  | 1164623 | 32621 |
|  |  | 1243851 |
| **Materials 2.32%** |  |  |
| Air Products and Chemicals, Inc.  | 1408433 | 347911 |
| Linde PLC  | 650775 | 277484 |
| International Paper Co.  | 5806574 | 228721 |
| Eastman Chemical Co.  | 1101906 | 70335 |
| Freeport-McMoRan, Inc.  | 983347 | 49944 |
| LyondellBasell Industries NV  | 769974 | 33340 |
| Solstice Advanced Materials, Inc. <sup>(a)</sup>  | 82401 | 4003 |
|  |  | 1011738 |
| **Utilities 2.06%** |  |  |
| Dominion Energy, Inc.  | 5379096 | 315161 |
| PG&E Corp.  | 12562973 | 201887 |
| CenterPoint Energy, Inc.  | 3037684 | 116465 |
| Entergy Corp.  | 1203020 | 111195 |
| NextEra Energy, Inc.  | 1051314 | 84400 |
| Sempra  | 800000 | 70632 |
|  |  | 899740 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **60** |

---

------

Growth-Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Real estate 1.23%** |  |  |
| Equinix, Inc. REIT  | 235188 | $180192 |
| VICI Properties, Inc. REIT  | 4092873 | 115092 |
| Prologis, Inc. REIT  | 866060 | 110561 |
| American Tower Corp. REIT  | 428106 | 75162 |
| Welltower, Inc. REIT  | 306310 | 56854 |
|  |  | 537861 |
| **Total common stocks** (cost: $21,697,459,000) | **Total common stocks** (cost: $21,697,459,000) | 42486945 |
| Bonds, notes & other debt instruments 0.00% | Principal amount<br> (000)<br>|  |
| **Corporate bonds and notes 0.00%** | **Corporate bonds and notes 0.00%** | **Corporate bonds and notes 0.00%** |
| **Consumer discretionary 0.00%** |  |  |
| General Motors Financial Co., Inc. 5.25% 3/1/2026  | USD827 | 828 |
| **Total bonds, notes & other debt instruments** (cost: $823,000) | **Total bonds, notes & other debt instruments** (cost: $823,000) | 828 |
| Short-term securities 2.57% | Shares |  |
| **Money market investments 2.57%** | **Money market investments 2.57%** | **Money market investments 2.57%** |
| Capital Group Central Cash Fund 3.79% <sup>(b)(c)</sup>  | 11226233 | 1122736 |
| **Total short-term securities** (cost: $1,122,564,000) | **Total short-term securities** (cost: $1,122,564,000) | 1122736 |
| **Total investment securities 99.96%** (cost: $22,820,846,000) | **Total investment securities 99.96%** (cost: $22,820,846,000) | 43610509 |
| Other assets less liabilities 0.04% |  | 16802 |
| **Net assets 100.00%** |  | $43627311 |

---

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.85%** |  |  |  |  |  |  |  |
| **Consumer discretionary 0.85%** |  |  |  |  |  |  |  |
| Wyndham Hotels & Resorts, Inc.  | $509003 | &nbsp;&nbsp; $16347 | &nbsp;&nbsp; $32068 | &nbsp;&nbsp; $6460 | &nbsp;&nbsp; $(128676)<br>| &nbsp;&nbsp; $371066 | &nbsp;&nbsp; $7713 |
| **Short-term securities 2.57%** |  |  |  |  |  |  |  |
| **Money market investments 2.57%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(c)</sup>  | 1471964 | &nbsp;&nbsp; 7003318 | &nbsp;&nbsp; 7352457 | &nbsp;&nbsp; (76)<br>| &nbsp;&nbsp; (13)<br>| &nbsp;&nbsp; 1122736 | &nbsp;&nbsp; 58916 |
| **Total 3.42%** |  |  |  | &nbsp;&nbsp; $6384 | &nbsp;&nbsp; $(128689)<br>| &nbsp;&nbsp; $1493802 | &nbsp;&nbsp; $66629 |

---

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended. <br> <sup>(c)</sup> Rate represents the seven-day yield at 12/31/2025.

---

| |
|:---|
| **Key to abbreviation(s)** |
| CAD = Canadian dollars |
| REIT = Real Estate Investment Trust |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **61** | American Funds Insurance Series |

---

------

International Growth and Income Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 98.22% | Shares | Value<br> (000)<br>|
| **Financials 23.17%** |  |  |
| Societe Generale  | 71822 | $5787 |
| UniCredit SpA  | 64734 | 5374 |
| Banco Bilbao Vizcaya Argentaria SA  | 180709 | 4227 |
| CaixaBank SA, non-registered shares  | 322031 | 3933 |
| Skandinaviska Enskilda Banken AB, Class A  | 181807 | 3838 |
| AIA Group, Ltd.  | 315000 | 3235 |
| AXA SA  | 55165 | 2653 |
| Prudential PLC  | 167374 | 2582 |
| Zurich Insurance Group AG  | 3392 | 2575 |
| HSBC Holdings PLC (GBP denominated)  | 106640 | 1672 |
| HSBC Holdings PLC (HKD denominated)  | 54400 | 852 |
| KB Financial Group, Inc.  | 27563 | 2383 |
| NatWest Group PLC  | 257839 | 2249 |
| Bank Hapoalim BM  | 94366 | 2135 |
| DBS Group Holdings, Ltd.  | 48424 | 2119 |
| London Stock Exchange Group PLC  | 17476 | 2104 |
| Banco Santander SA  | 179202 | 2103 |
| Aviva PLC  | 203542 | 1864 |
| Euronext NV  | 12370 | 1857 |
| HDFC Bank, Ltd.  | 165124 | 1825 |
| Bank Leumi le-Israel BM  | 80689 | 1779 |
| PICC Property and Casualty Co., Ltd., Class H  | 814000 | 1707 |
| Resona Holdings, Inc.  | 177400 | 1682 |
| Allianz SE  | 3484 | 1598 |
| Ping An Insurance (Group) Co. of China, Ltd., Class H  | 188500 | 1586 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 2235 | 1476 |
| Japan Post Bank Co., Ltd.  | 101247 | 1424 |
| Kotak Mahindra Bank, Ltd.  | 51877 | 1270 |
| Axis Bank, Ltd.  | 82195 | 1163 |
| Tokio Marine Holdings, Inc.  | 29600 | 1099 |
| Deutsche Bank AG  | 26134 | 1016 |
| Aon PLC, Class A  | 2825 | 997 |
| 3i Group PLC  | 20568 | 895 |
| Hiscox, Ltd.  | 46402 | 885 |
| Pluxee NV  | 55838 | 875 |
| Mizuho Financial Group, Inc.  | 23000 | 835 |
| Standard Chartered PLC  | 33124 | 809 |
| Canadian Imperial Bank of Commerce  | 8888 | 806 |
| Tryg A/S  | 30239 | 791 |
| CVC Capital Partners PLC  | 45723 | 766 |
| ING Groep NV  | 27110 | 762 |
| Credicorp, Ltd.  | 2641 | 758 |
| Abu Dhabi Islamic Bank PJSC  | 132924 | 751 |
| People's Insurance Co. (Group) of China, Ltd. (The), Class H  | 862000 | 745 |
| Plus500, Ltd.  | 15229 | 743 |
| T&D Holdings, Inc.  | 30700 | 707 |
| Adyen NV <sup>(a)</sup>  | 440 | 706 |
| XP, Inc., Class A  | 37915 | 621 |
| Etoro Group, Ltd., Class A <sup>(a)</sup>  | 17585 | 618 |
| Rakuten Bank, Ltd. <sup>(a)</sup>  | 14100 | 617 |
| Macquarie Group, Ltd.  | 4442 | 598 |
| Partners Group Holding AG  | 481 | 591 |
| Hana Financial Group, Inc.  | 8229 | 537 |
| Brookfield Corp., Class A (CAD denominated)  | 11523 | 529 |
| Grupo Financiero Banorte, SAB de CV, Series O  | 53789 | 499 |
| Abu Dhabi Commercial Bank PJSC  | 117171 | 456 |
| Samsung Life Insurance Co., Ltd.  | 4190 | 456 |
| Saudi National Bank (The)  | 43606 | 440 |
| Intesa Sanpaolo SpA  | 62539 | 433 |
| Sampo Oyj, Class A  | 35512 | 430 |
| Royal Bank of Canada  | 2381 | 406 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **62** |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| Banca Generali SpA  | 5981 | $401 |
| MS&AD Insurance Group Holdings, Inc.  | 15900 | 374 |
| Hong Kong Exchanges and Clearing, Ltd.  | 6400 | 334 |
| Grupo Financiero Inbursa, SAB de CV  | 133251 | 322 |
| FirstRand, Ltd.  | 55703 | 305 |
| BAWAG Group AG <sup>(a)</sup>  | 2019 | 303 |
| Bank Central Asia Tbk PT  | 602500 | 291 |
| Medibank Private, Ltd.  | 34548 | 110 |
| Edenred SA  | 3313 | 74 |
| Sberbank of Russia PJSC <sup>(b)</sup>  | 476388 | — <br><sup>(c)</sup><br>|
|  |  | 93743 |
| **Industrials 14.36%** |  |  |
| Airbus SE, non-registered shares  | 28600 | 6634 |
| BAE Systems PLC  | 270689 | 6223 |
| Ryanair Holdings PLC (ADR)  | 73850 | 5331 |
| Siemens AG  | 11417 | 3206 |
| Deutsche Post AG  | 42158 | 2309 |
| Hitachi, Ltd.  | 69400 | 2153 |
| RELX PLC  | 45021 | 1821 |
| DSV A/S  | 6897 | 1736 |
| Safran SA  | 4958 | 1725 |
| ABB, Ltd.  | 21982 | 1625 |
| ITOCHU Corp.  | 103000 | 1300 |
| Compagnie de Saint-Gobain SA, non-registered shares  | 12706 | 1290 |
| Canadian National Railway Co. (CAD denominated)  | 12406 | 1227 |
| Diploma PLC  | 17130 | 1223 |
| Deutsche Lufthansa AG  | 118669 | 1173 |
| Copa Holdings SA, Class A  | 9695 | 1169 |
| ASSA ABLOY AB, Class B  | 29656 | 1150 |
| Alliance Global Group, Inc.  | 7546600 | 1051 |
| Singapore Technologies Engineering, Ltd.  | 158800 | 1036 |
| Motiva Infraestrutura de Mobilidade SA  | 334768 | 916 |
| Epiroc AB, Class B  | 32965 | 665 |
| Epiroc AB, Class A  | 9201 | 208 |
| Rolls-Royce Holdings PLC  | 55860 | 868 |
| SPIE SA  | 15016 | 864 |
| Mitsui & Co., Ltd.  | 29200 | 863 |
| Bombardier, Inc., Class B <sup>(a)</sup>  | 4769 | 811 |
| IHI Corp.  | 45641 | 805 |
| Wolters Kluwer NV  | 7371 | 765 |
| Kanzhun, Ltd., Class A (ADR)  | 27807 | 567 |
| Kanzhun, Ltd., Class A  | 16700 | 169 |
| Full Truck Alliance Co., Ltd., Class A (ADR)  | 68004 | 730 |
| SGH, Ltd.  | 21792 | 672 |
| Caterpillar, Inc.  | 1129 | 647 |
| Komatsu, Ltd.  | 19300 | 617 |
| Volvo AB, Class B  | 17440 | 559 |
| Kingspan Group PLC  | 5764 | 498 |
| Daikin Industries, Ltd.  | 3800 | 488 |
| Grupo Aeroportuario del Pacifico, SAB de CV, Class B  | 18040 | 474 |
| Recruit Holdings Co., Ltd.  | 8000 | 456 |
| SMC Corp.  | 1200 | 418 |
| Jiangsu Hengli Hydraulic Co., Ltd., Class A  | 22500 | 353 |
| International Consolidated Airlines Group SA (CDI)  | 62974 | 349 |
| Brambles, Ltd.  | 20392 | 313 |

---

---

| | |
|:---|:---|
| **63** | American Funds Insurance Series |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Ashtead Group PLC  | 4377 | $299 |
| International Container Terminal Services, Inc.  | 30700 | 294 |
| Wizz Air Holdings PLC <sup>(a)</sup>  | 3748 | 64 |
|  |  | 58114 |
| **Information technology 13.46%** |  |  |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 383000 | 18711 |
| ASML Holding NV  | 7692 | 8222 |
| Samsung Electronics Co., Ltd.  | 65385 | 5449 |
| MediaTek, Inc.  | 91000 | 4123 |
| SK hynix, Inc.  | 6576 | 2978 |
| Broadcom, Inc.  | 7657 | 2650 |
| SAP SE  | 8332 | 2039 |
| NEC Corp.  | 53700 | 1811 |
| ASMPT, Ltd.  | 128900 | 1283 |
| Tokyo Electron, Ltd.  | 5400 | 1186 |
| Sage Group PLC (The)  | 61338 | 893 |
| Capgemini SE  | 4775 | 791 |
| Accton Technology Corp.  | 21000 | 786 |
| Halma PLC  | 13514 | 640 |
| Bechtle AG, non-registered shares  | 11841 | 608 |
| Lenovo Group, Ltd.  | 422000 | 500 |
| Fujitsu, Ltd.  | 14800 | 406 |
| ASM International NV  | 605 | 365 |
| Jentech Precision Industrial Co., Ltd.  | 4000 | 345 |
| Lumine Group, Inc., subordinate voting shares <sup>(a)</sup>  | 10019 | 198 |
| Keyence Corp.  | 500 | 181 |
| eMemory Technology, Inc.  | 3000 | 164 |
| Newgen Software Technologies, Ltd.  | 13433 | 126 |
|  |  | 54455 |
| **Consumer discretionary 9.16%** |  |  |
| Industria de Diseno Textil SA  | 84429 | 5561 |
| Trip.com Group, Ltd. (ADR)  | 34793 | 2502 |
| Trip.com Group, Ltd.  | 9800 | 703 |
| Prosus NV, Class N  | 46295 | 2859 |
| Renault SA  | 63846 | 2643 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 2789 | 2103 |
| MGM China Holdings, Ltd.  | 1130400 | 1897 |
| H World Group, Ltd. (ADR)  | 27339 | 1286 |
| Nitori Holdings Co., Ltd.  | 68900 | 1206 |
| Amadeus IT Group SA, Class A, non-registered shares  | 16285 | 1195 |
| Moncler SpA  | 17462 | 1122 |
| Midea Group Co., Ltd., Class A  | 88300 | 987 |
| Hyundai Motor Co.  | 4578 | 937 |
| Entain PLC  | 90259 | 930 |
| ANTA Sports Products, Ltd.  | 88200 | 911 |
| Compagnie Financiere Richemont SA, Class A  | 3955 | 854 |
| Evolution AB  | 12432 | 846 |
| InterContinental Hotels Group PLC  | 5768 | 808 |
| Suzuki Motor Corp.  | 48300 | 717 |
| Games Workshop Group PLC  | 2550 | 647 |
| B&M European Value Retail SA  | 255033 | 580 |
| Accor SA  | 9477 | 537 |
| Berkeley Group Holdings PLC  | 9423 | 495 |
| Restaurant Brands International, Inc. (CAD denominated)  | 7186 | 490 |
| Meituan, Class B <sup>(a)</sup>  | 36700 | 484 |
| Compagnie Generale des Etablissements Michelin  | 13559 | 450 |
| Galaxy Entertainment Group, Ltd.  | 87361 | 429 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **64** |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** |  |  |
| Paltac Corp.  | 13700 | $422 |
| Dixon Technologies (India), Ltd.  | 3136 | 422 |
| D'Ieteren Group  | 2336 | 421 |
| Aristocrat Leisure, Ltd.  | 9860 | 383 |
| Maruti Suzuki India, Ltd.  | 1900 | 353 |
| Alibaba Group Holding, Ltd. (ADR)  | 2241 | 329 |
| Amber Enterprises India, Ltd. <sup>(a)</sup>  | 4286 | 305 |
| BYD Co., Ltd., Class A  | 17800 | 249 |
|  |  | 37063 |
| **Consumer staples 8.06%** |  |  |
| British American Tobacco PLC  | 121643 | 6894 |
| Nestle SA  | 48668 | 4837 |
| Philip Morris International, Inc.  | 23763 | 3812 |
| Pernod Ricard SA  | 31124 | 2665 |
| Imperial Brands PLC  | 47541 | 1999 |
| Carlsberg A/S, Class B  | 13206 | 1731 |
| Carrefour SA, non-registered shares  | 87378 | 1458 |
| KT&G Corp.  | 13480 | 1327 |
| Arca Continental, SAB de CV  | 122057 | 1321 |
| L'Oreal SA, non-registered shares  | 2952 | 1268 |
| Danone SA  | 12837 | 1158 |
| Anheuser-Busch InBev SA/NV  | 14891 | 955 |
| Yamazaki Baking Co., Ltd.  | 38000 | 800 |
| Kweichow Moutai Co., Ltd., Class A  | 2990 | 589 |
| Ocado Group PLC <sup>(a)</sup>  | 168153 | 534 |
| Unilever PLC  | 7516 | 491 |
| Tsingtao Brewery Co., Ltd., Class H  | 65738 | 411 |
| United Spirits, Ltd.  | 23192 | 373 |
|  |  | 32623 |
| **Materials 7.38%** |  |  |
| Barrick Mining Corp.  | 84106 | 3663 |
| Glencore PLC  | 562062 | 3057 |
| BASF SE  | 43621 | 2279 |
| Valterra Platinum, Ltd. (ZAR denominated)  | 21023 | 1780 |
| Valterra Platinum, Ltd. (GBP denominated)  | 1235 | 102 |
| Agnico Eagle Mines, Ltd.  | 10958 | 1858 |
| Heidelberg Materials AG, non-registered shares  | 7035 | 1842 |
| Amcor PLC  | 111303 | 928 |
| Amcor PLC (CDI)  | 83938 | 702 |
| Vale SA (ADR), ordinary nominative shares  | 71119 | 927 |
| Vale SA, ordinary nominative shares  | 31452 | 411 |
| Linde PLC  | 2521 | 1075 |
| Norsk Hydro ASA  | 136521 | 1055 |
| Anhui Conch Cement Co., Ltd., Class H  | 364000 | 1030 |
| Southern Copper Corp.  | 7079 | 1016 |
| Impala Platinum Holdings, Ltd.  | 60988 | 960 |
| Grupo Mexico, SAB de CV, Series B  | 96492 | 911 |
| Mitsubishi Chemical Group Corp.  | 148200 | 866 |
| Nutrien, Ltd. (CAD denominated) <sup>(d)</sup>  | 12924 | 798 |
| Air Liquide SA  | 3291 | 619 |
| Pan American Silver Corp.  | 10970 | 568 |
| Franco-Nevada Corp. (CAD denominated)  | 2507 | 520 |
| Shin-Etsu Chemical Co., Ltd.  | 15900 | 494 |
| Holcim, Ltd.  | 4384 | 430 |
| Saudi Basic Industries Corp. non-registered shares  | 30558 | 418 |
| Rio Tinto PLC  | 4810 | 384 |
| Fortescue, Ltd.  | 23214 | 339 |

---

---

| | |
|:---|:---|
| **65** | American Funds Insurance Series |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Smurfit Westrock PLC  | 6985 | $270 |
| Givaudan SA  | 43 | 171 |
| Freeport-McMoRan, Inc.  | 2750 | 140 |
| Antofagasta PLC  | 3109 | 136 |
| Zijin Gold International Co., Ltd. <sup>(a)</sup>  | 5700 | 107 |
| Alrosa PJSC <sup>(a)(b)</sup>  | 53607 | — <br><sup>(c)</sup><br>|
|  |  | 29856 |
| **Health care 7.34%** |  |  |
| AstraZeneca PLC  | 38403 | 7074 |
| Sanofi  | 69990 | 6790 |
| Novo Nordisk AS, Class B  | 53114 | 2707 |
| Roche Holding AG, nonvoting non-registered shares  | 6476 | 2676 |
| EssilorLuxottica SA  | 7815 | 2471 |
| Bayer AG  | 41796 | 1803 |
| Chugai Pharmaceutical Co., Ltd.  | 23600 | 1241 |
| Grifols SA, Class B (ADR)  | 111869 | 1046 |
| bioMerieux SA  | 7827 | 1013 |
| Haleon PLC  | 171515 | 868 |
| Genus PLC  | 14818 | 516 |
| Jiangsu Hengrui Pharmaceutical Co., Ltd., Class H <sup>(a)</sup>  | 39000 | 356 |
| Max Healthcare Institute, Ltd.  | 29463 | 343 |
| Fresenius SE & Co. KGaA  | 5932 | 341 |
| Daiichi Sankyo Co., Ltd.  | 13300 | 283 |
| HOYA Corp.  | 1100 | 167 |
| Euroapi SA <sup>(a)</sup>  | 1412 | 4 |
|  |  | 29699 |
| **Communication services 6.89%** |  |  |
| Koninklijke KPN NV  | 788424 | 3688 |
| Tencent Holdings, Ltd.  | 41600 | 3188 |
| Singapore Telecommunications, Ltd.  | 888400 | 3148 |
| Orange  | 157504 | 2628 |
| Publicis Groupe SA  | 23008 | 2387 |
| Bharti Airtel, Ltd.  | 87940 | 2063 |
| BT Group PLC  | 457419 | 1131 |
| Nintendo Co., Ltd.  | 15800 | 1067 |
| MTN Group, Ltd.  | 99852 | 1020 |
| Nippon Television Holdings, Inc.  | 40600 | 984 |
| Swisscom AG <sup>(a)</sup>  | 1279 | 929 |
| NetEase, Inc.  | 32700 | 900 |
| HYBE Co., Ltd.  | 3482 | 794 |
| Advanced Info Service PCL, foreign registered shares  | 79600 | 791 |
| America Movil, SAB de CV, Class B (ADR)  | 28591 | 591 |
| Universal Music Group NV  | 19644 | 513 |
| Indus Towers, Ltd. <sup>(a)</sup>  | 95111 | 443 |
| Spotify Technology SA <sup>(a)</sup>  | 718 | 417 |
| Bezeq - The Israel Telecommunication Corp., Ltd.  | 179312 | 400 |
| KT Corp. (ADR)  | 21009 | 399 |
| Deutsche Telekom AG  | 11484 | 373 |
|  |  | 27854 |
| **Energy 4.09%** |  |  |
| TotalEnergies SE (EUR denominated)  | 61065 | 3980 |
| Cameco Corp. (CAD denominated)  | 30495 | 2792 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 55772 | 1889 |
| Shell PLC (GBP denominated)  | 47821 | 1757 |
| Cenovus Energy, Inc. (CAD denominated)  | 82434 | 1395 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **66** |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy (continued)** |  |  |
| Cenovus Energy, Inc.  | 12261 | $207 |
| SLB, Ltd.  | 31870 | 1223 |
| Gaztransport & Technigaz SA  | 3851 | 706 |
| TC Energy Corp. (CAD denominated)  | 12547 | 691 |
| Petroleo Brasileiro SA PETROBRAS (ADR), ordinary nominative shares  | 44300 | 525 |
| BP PLC  | 80418 | 467 |
| ADNOC Drilling Co. PJSC  | 255406 | 371 |
| Tourmaline Oil Corp.  | 5853 | 263 |
| Adnoc Gas PLC  | 236746 | 229 |
| South Bow Corp.  | 2470 | 68 |
| Sovcomflot PAO <sup>(a)(b)</sup>  | 356717 | — <br><sup>(c)</sup><br>|
|  |  | 16563 |
| **Utilities 2.82%** |  |  |
| Engie SA  | 109339 | 2875 |
| RWE AG  | 42284 | 2250 |
| SSE PLC  | 76631 | 2247 |
| Iberdrola SA, non-registered shares  | 103600 | 2242 |
| Brookfield Infrastructure Partners, LP  | 17993 | 625 |
| Snam SpA  | 79832 | 530 |
| CPFL Energia SA  | 44362 | 431 |
| Veolia Environnement SA  | 6331 | 221 |
|  |  | 11421 |
| **Real estate 1.49%** |  |  |
| Mitsubishi Estate Co., Ltd.  | 76900 | 1873 |
| Prologis Property Mexico, SA de CV, REIT  | 183868 | 770 |
| CK Asset Holdings, Ltd.  | 120500 | 607 |
| Henderson Land Development Co., Ltd.  | 162000 | 585 |
| China Resources Land, Ltd.  | 152500 | 531 |
| Link REIT  | 91068 | 406 |
| Sun Hung Kai Properties, Ltd.  | 33000 | 400 |
| CapitaLand Integrated Commercial Trust REIT  | 207700 | 385 |
| Longfor Group Holdings, Ltd. <sup>(d)</sup>  | 236242 | 259 |
| Goodman Logistics (HK), Ltd. REIT  | 10467 | 215 |
|  |  | 6031 |
| **Total common stocks** (cost: $267,862,000) |  | 397422 |
| Preferred securities 0.05% |  |  |
| **Materials 0.05%** |  |  |
| Gerdau SA, preferred nominative shares  | 54142 | 201 |
| **Total preferred securities** (cost: $203,000) |  | 201 |
| Short-term securities 1.54% |  |  |
| **Money market investments 1.35%** | **Money market investments 1.35%** | **Money market investments 1.35%** |
| Capital Group Central Cash Fund 3.79% <sup>(e)(f)</sup>  | 54405 | 5441 |

---

---

| | |
|:---|:---|
| **67** | American Funds Insurance Series |

---

------

International Growth and Income Fund (continued)

---

| | | |
|:---|:---|:---|
| Short-term securities (continued) | Shares | Value<br> (000)<br>|
| **Money market investments purchased with collateral from securities on loan 0.19%** | **Money market investments purchased with collateral from securities on loan 0.19%** | **Money market investments purchased with collateral from securities on loan 0.19%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(e)(g)</sup>  | 762897 | $763 |
| **Total short-term securities** (cost: $6,203,000) |  | 6204 |
| **Total investment securities 99.81%** (cost: $274,268,000) |  | 403827 |
| Other assets less liabilities 0.19% |  | 788 |
| **Net assets 100.00%** |  | $404615 |

---

**Investments in affiliates** <sup>(f)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.35%** |  |  |  |  |  |  |  |
| **Money market investments 1.35%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(e)</sup>  | $11674 | &nbsp;&nbsp; $93352 | &nbsp;&nbsp; $99583 | &nbsp;&nbsp; $1 | &nbsp;&nbsp; $(3)<br>| &nbsp;&nbsp; $5441 | &nbsp;&nbsp; $489 |

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Amount less than one thousand.

<sup>(d)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(e)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(f)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(g)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| EUR = Euros |
| GBP = British pounds |
| HKD = Hong Kong dollars |
| REIT = Real Estate Investment Trust |
| ZAR = South African rand |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **68** |

---

------

Capital Income Builder

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 77.84% | Shares | Value<br> (000)<br>|
| **Financials 16.08%** |  |  |
| JPMorgan Chase & Co.  | 79207 | $25522 |
| NatWest Group PLC  | 1731569 | 15103 |
| Morgan Stanley  | 85027 | 15095 |
| Zurich Insurance Group AG  | 15915 | 12080 |
| Wells Fargo & Co.  | 121236 | 11299 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 15382 | 10158 |
| BlackRock, Inc.  | 9038 | 9674 |
| ING Groep NV  | 336786 | 9467 |
| DBS Group Holdings, Ltd.  | 201816 | 8832 |
| PNC Financial Services Group, Inc.  | 42111 | 8790 |
| Progressive Corp.  | 31499 | 7173 |
| Truist Financial Corp.  | 133958 | 6592 |
| Banco Santander SA  | 543341 | 6376 |
| Tokio Marine Holdings, Inc.  | 169500 | 6293 |
| Banco Bilbao Vizcaya Argentaria SA  | 255877 | 5985 |
| KB Financial Group, Inc.  | 67948 | 5874 |
| American International Group, Inc.  | 61289 | 5243 |
| AIA Group, Ltd.  | 475600 | 4885 |
| TPG, Inc., Class A  | 74597 | 4762 |
| Sampo Oyj, Class A  | 382120 | 4632 |
| National Bank of Canada  | 34385 | 4324 |
| Power Corp. of Canada, subordinate voting shares  | 73430 | 3903 |
| Toronto-Dominion Bank (The) (CAD denominated)  | 39762 | 3747 |
| East West Bancorp, Inc.  | 32600 | 3664 |
| UniCredit SpA  | 43377 | 3601 |
| Intact Financial Corp.  | 16137 | 3359 |
| Euronext NV  | 21230 | 3186 |
| Hana Financial Group, Inc.  | 48224 | 3146 |
| 360 ONE WAM, Ltd.  | 229493 | 3031 |
| EFG International AG  | 108196 | 2587 |
| BNP Paribas SA  | 25427 | 2406 |
| PICC Property and Casualty Co., Ltd., Class H  | 1138000 | 2386 |
| Mizuho Financial Group, Inc.  | 64500 | 2342 |
| Skandinaviska Enskilda Banken AB, Class A  | 108326 | 2287 |
| 3i Group PLC  | 51598 | 2245 |
| Webster Financial Corp.  | 35040 | 2205 |
| Apollo Asset Management, Inc.  | 13850 | 2005 |
| Marsh & McLennan Cos., Inc.  | 10553 | 1958 |
| Banco BPM SpA  | 128347 | 1950 |
| London Stock Exchange Group PLC  | 15893 | 1914 |
| Deutsche Bank AG  | 49165 | 1912 |
| BPER Banca SpA  | 141331 | 1911 |
| Swiss Re AG  | 10507 | 1752 |
| State Street Corp.  | 12200 | 1574 |
| CME Group, Inc., Class A  | 5612 | 1533 |
| Bank Central Asia Tbk PT  | 2982500 | 1440 |
| Standard Chartered PLC  | 56936 | 1390 |
| Japan Post Bank Co., Ltd.  | 98700 | 1388 |
| Western Union Co. <sup>(a)</sup>  | 142256 | 1324 |
| Allianz SE  | 2883 | 1322 |
| Hong Kong Exchanges and Clearing, Ltd.  | 22700 | 1186 |
| Bank of America Corp.  | 21552 | 1185 |
| Canadian Imperial Bank of Commerce  | 12297 | 1115 |
| Patria Investments, Ltd., Class A  | 70098 | 1114 |
| Blackstone, Inc.  | 7179 | 1107 |
| Citizens Financial Group, Inc.  | 18221 | 1064 |
| SouthState Bank Corp.  | 10883 | 1024 |
| Vontobel Holding AG  | 10189 | 824 |
| Equitable Holdings, Inc.  | 16750 | 798 |
| Resona Holdings, Inc.  | 62400 | 592 |
| Houlihan Lokey, Inc., Class A  | 2796 | 487 |

---

---

| | |
|:---|:---|
| **69** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** |  |  |
| T&D Holdings, Inc.  | 21000 | $484 |
| Medibank Private, Ltd.  | 134820 | 430 |
| Sberbank of Russia PJSC <sup>(b)</sup>  | 204176 | — <br><sup>(c)</sup><br>|
|  |  | 267037 |
| **Information technology 10.58%** |  |  |
| Broadcom, Inc.  | 198986 | 68869 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 857800 | 41907 |
| Microsoft Corp.  | 48647 | 23527 |
| Accenture PLC, Class A  | 42563 | 11420 |
| Seagate Technology Holdings PLC  | 21770 | 5995 |
| KLA Corp.  | 3790 | 4605 |
| Texas Instruments, Inc.  | 19132 | 3319 |
| Tokyo Electron, Ltd.  | 14700 | 3228 |
| TE Connectivity PLC  | 11194 | 2547 |
| MediaTek, Inc.  | 52000 | 2356 |
| TDK Corp.  | 145400 | 2057 |
| SAP SE  | 8376 | 2049 |
| Analog Devices, Inc.  | 5814 | 1577 |
| Skyworks Solutions, Inc.  | 17043 | 1081 |
| Samsung Electronics Co., Ltd.  | 7752 | 646 |
| Capgemini SE  | 2465 | 408 |
|  |  | 175591 |
| **Health care 8.92%** |  |  |
| AbbVie, Inc.  | 110866 | 25332 |
| AstraZeneca PLC  | 95762 | 17638 |
| Abbott Laboratories  | 132522 | 16604 |
| Amgen, Inc.  | 48793 | 15970 |
| Gilead Sciences, Inc.  | 110674 | 13584 |
| Sanofi  | 116243 | 11278 |
| Johnson & Johnson  | 38511 | 7970 |
| UnitedHealth Group, Inc.  | 22859 | 7546 |
| Medtronic PLC  | 77419 | 7437 |
| Novo Nordisk AS, Class B  | 120968 | 6166 |
| CVS Health Corp.  | 46518 | 3692 |
| Takeda Pharmaceutical Co., Ltd.  | 108825 | 3381 |
| Bristol-Myers Squibb Co.  | 51448 | 2775 |
| Merck & Co., Inc.  | 20750 | 2184 |
| Sandoz Group AG  | 19286 | 1406 |
| EBOS Group, Ltd.  | 82604 | 1302 |
| Roche Holding AG, nonvoting non-registered shares  | 2615 | 1081 |
| GSK PLC  | 43796 | 1076 |
| Royalty Pharma PLC, Class A  | 24004 | 927 |
| EssilorLuxottica SA  | 2582 | 816 |
|  |  | 148165 |
| **Industrials 8.89%** |  |  |
| RTX Corp.  | 170579 | 31284 |
| Volvo AB, Class B  | 337790 | 10827 |
| Siemens AG  | 32234 | 9052 |
| Marubeni Corp.  | 248100 | 6904 |
| BAE Systems PLC  | 262306 | 6030 |
| Deutsche Post AG  | 105963 | 5804 |
| RELX PLC  | 135157 | 5467 |
| Mitsubishi Corp.  | 214081 | 4906 |
| Union Pacific Corp.  | 20631 | 4772 |
| Singapore Technologies Engineering, Ltd.  | 657600 | 4290 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **70** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| ITOCHU Corp.  | 307500 | $3881 |
| Bouygues SA  | 71499 | 3706 |
| Northrop Grumman Corp.  | 6044 | 3446 |
| Honeywell International, Inc.  | 17528 | 3420 |
| Paychex, Inc.  | 29637 | 3325 |
| Automatic Data Processing, Inc.  | 12517 | 3220 |
| Airbus SE, non-registered shares  | 12478 | 2894 |
| FedEx Corp.  | 9893 | 2858 |
| Watsco, Inc.  | 8477 | 2856 |
| Schneider Electric SE  | 9854 | 2701 |
| Broadridge Financial Solutions, Inc.  | 11281 | 2518 |
| Localiza Rent a Car SA, ordinary nominative shares  | 281769 | 2222 |
| Localiza Rent a Car SA <sup>(d)</sup>  | 10837 | 82 |
| Hikari Tsushin, Inc.  | 7100 | 1984 |
| Bureau Veritas SA  | 60554 | 1928 |
| Trinity Industries, Inc.  | 71017 | 1878 |
| Canadian National Railway Co. (CAD denominated)  | 17596 | 1740 |
| Wolters Kluwer NV  | 14975 | 1555 |
| Epiroc AB, Class A  | 60943 | 1379 |
| Epiroc AB, Class B  | 4933 | 100 |
| SPIE SA  | 24869 | 1432 |
| PACCAR, Inc.  | 12078 | 1323 |
| Ryanair Holdings PLC (ADR)  | 18149 | 1310 |
| UL Solutions, Inc., Class A  | 16361 | 1290 |
| Carrier Global Corp.  | 23347 | 1234 |
| Transurban Group  | 121112 | 1145 |
| Sulzer AG  | 3498 | 649 |
| Brambles, Ltd.  | 40982 | 628 |
| Caterpillar, Inc.  | 1059 | 607 |
| Computershare Ltd.  | 22570 | 513 |
| Robert Half, Inc.  | 16144 | 438 |
|  |  | 147598 |
| **Consumer staples 8.01%** |  |  |
| Philip Morris International, Inc.  | 243788 | 39104 |
| British American Tobacco PLC  | 522457 | 29612 |
| British American Tobacco PLC (ADR)  | 42214 | 2390 |
| Mondelez International, Inc., Class A  | 238135 | 12819 |
| Imperial Brands PLC  | 193418 | 8132 |
| Nestle SA  | 56409 | 5607 |
| Sysco Corp.  | 57332 | 4225 |
| Danone SA  | 46784 | 4221 |
| Coca-Cola Co.  | 50926 | 3560 |
| Altria Group, Inc.  | 60789 | 3505 |
| Procter & Gamble Co.  | 18551 | 2658 |
| Carlsberg A/S, Class B  | 18209 | 2387 |
| Kimberly-Clark Corp.  | 20235 | 2041 |
| WH Group, Ltd.  | 1742500 | 1940 |
| General Mills, Inc.  | 39690 | 1846 |
| Unilever PLC  | 23728 | 1551 |
| Marks and Spencer Group PLC  | 341848 | 1521 |
| PepsiCo, Inc.  | 8237 | 1182 |
| Dollar General Corp.  | 8654 | 1149 |
| Anheuser-Busch InBev SA/NV  | 12119 | 777 |
| ITC, Ltd.  | 169385 | 760 |
| Pernod Ricard SA  | 8821 | 755 |
| Molson Coors Beverage Co., Class B, restricted voting shares  | 15116 | 706 |
| Constellation Brands, Inc., Class A  | 4173 | 576 |
|  |  | 133024 |

---

---

| | |
|:---|:---|
| **71** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities 5.67%** |  |  |
| Dominion Energy, Inc.  | 193401 | $11331 |
| National Grid PLC  | 593470 | 9146 |
| SSE PLC  | 303935 | 8912 |
| Engie SA  | 334941 | 8807 |
| Iberdrola SA, non-registered shares  | 368808 | 7983 |
| E.ON SE  | 279307 | 5295 |
| Pinnacle West Capital Corp.  | 58731 | 5209 |
| DTE Energy Co.  | 38794 | 5004 |
| CenterPoint Energy, Inc.  | 126239 | 4840 |
| Sempra  | 49773 | 4395 |
| Duke Energy Corp.  | 33977 | 3982 |
| RWE AG  | 59273 | 3154 |
| Atmos Energy Corp.  | 16350 | 2741 |
| Exelon Corp.  | 62697 | 2733 |
| AES Corp.  | 138163 | 1981 |
| Power Grid Corp. of India, Ltd.  | 637504 | 1875 |
| Entergy Corp.  | 17392 | 1608 |
| NextEra Energy, Inc.  | 19324 | 1551 |
| Southern Co. (The)  | 17393 | 1517 |
| SembCorp Industries, Ltd.  | 268900 | 1255 |
| Power Assets Holdings, Ltd.  | 127000 | 900 |
|  |  | 94219 |
| **Consumer discretionary 5.15%** |  |  |
| Industria de Diseno Textil SA  | 200194 | 13187 |
| McDonald's Corp.  | 28168 | 8609 |
| Starbucks Corp.  | 98994 | 8336 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 9855 | 7430 |
| Home Depot, Inc.  | 19641 | 6758 |
| YUM! Brands, Inc.  | 38261 | 5788 |
| Midea Group Co., Ltd., Class A  | 497866 | 5566 |
| Compagnie Generale des Etablissements Michelin  | 154783 | 5133 |
| Royal Caribbean Cruises, Ltd.  | 18121 | 5054 |
| Evolution AB  | 62107 | 4227 |
| Amadeus IT Group SA, Class A, non-registered shares  | 44461 | 3261 |
| Compagnie Financiere Richemont SA, Class A  | 11721 | 2530 |
| Tractor Supply Co.  | 38329 | 1917 |
| Restaurant Brands International, Inc.  | 27181 | 1855 |
| NEXT PLC  | 9190 | 1691 |
| Galaxy Entertainment Group, Ltd.  | 288000 | 1413 |
| Vail Resorts, Inc.  | 8836 | 1173 |
| Darden Restaurants, Inc.  | 3355 | 617 |
| Jumbo SA  | 15226 | 500 |
| Aristocrat Leisure, Ltd.  | 11598 | 450 |
|  |  | 85495 |
| **Energy 4.71%** |  |  |
| Exxon Mobil Corp.  | 138000 | 16607 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 426351 | 14441 |
| Canadian Natural Resources, Ltd.  | 19944 | 675 |
| Shell PLC (GBP denominated)  | 231846 | 8517 |
| Shell PLC (ADR)  | 9821 | 721 |
| TC Energy Corp. (CAD denominated) <sup>(a)</sup>  | 133821 | 7369 |
| TotalEnergies SE (EUR denominated)  | 92774 | 6047 |
| ConocoPhillips  | 50076 | 4688 |
| South Bow Corp. <sup>(a)</sup>  | 155157 | 4267 |
| EQT Corp.  | 64885 | 3478 |
| EOG Resources, Inc.  | 28657 | 3009 |
| Chevron Corp.  | 18330 | 2794 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **72** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy (continued)** |  |  |
| ONEOK, Inc.  | 35701 | $2624 |
| DT Midstream, Inc.  | 10692 | 1280 |
| Cenovus Energy, Inc.  | 62889 | 1064 |
| Adnoc Gas PLC  | 656312 | 634 |
|  |  | 78215 |
| **Materials 3.55%** |  |  |
| Air Products and Chemicals, Inc.  | 30617 | 7563 |
| Smurfit Westrock PLC  | 158869 | 6143 |
| Nitto Denko Corp.  | 245538 | 5834 |
| Rio Tinto PLC  | 66849 | 5334 |
| International Paper Co.  | 134100 | 5282 |
| Barrick Mining Corp.  | 106459 | 4636 |
| Anglo American PLC  | 103247 | 4255 |
| Vale SA, ordinary nominative shares  | 217725 | 2847 |
| Vale SA (ADR), ordinary nominative shares  | 96273 | 1254 |
| Shin-Etsu Chemical Co., Ltd.  | 121262 | 3771 |
| Linde PLC  | 8159 | 3479 |
| Amcor PLC  | 301316 | 2513 |
| BASF SE  | 44227 | 2311 |
| Antofagasta PLC  | 51846 | 2276 |
| Eastman Chemical Co.  | 8693 | 555 |
| Air Liquide SA  | 2512 | 473 |
| Givaudan SA  | 110 | 437 |
|  |  | 58963 |
| **Communication services 3.52%** |  |  |
| Singapore Telecommunications, Ltd.  | 3937700 | 13951 |
| T-Mobile US, Inc.  | 38544 | 7826 |
| Publicis Groupe SA  | 68287 | 7084 |
| AT&T, Inc.  | 248999 | 6185 |
| Koninklijke KPN NV  | 1163701 | 5444 |
| Comcast Corp., Class A  | 134482 | 4020 |
| Verizon Communications, Inc.  | 67668 | 2756 |
| NetEase, Inc.  | 97400 | 2680 |
| Omnicom Group, Inc.  | 26622 | 2150 |
| Nintendo Co., Ltd.  | 23700 | 1601 |
| HKT Trust and HKT, Ltd., units  | 1023240 | 1512 |
| Deutsche Telekom AG  | 44105 | 1431 |
| America Movil, SAB de CV, Class B (ADR)  | 38200 | 790 |
| Telkom Indonesia (Persero) Tbk PT, Class B  | 2512000 | 523 |
| Swisscom AG <sup>(d)</sup>  | 566 | 411 |
|  |  | 58364 |
| **Real estate 2.76%** |  |  |
| Welltower, Inc. REIT  | 58648 | 10886 |
| Prologis, Inc. REIT  | 38994 | 4978 |
| American Tower Corp. REIT  | 26189 | 4598 |
| VICI Properties, Inc. REIT  | 160317 | 4508 |
| Rexford Industrial Realty, Inc. REIT  | 98470 | 3813 |
| Extra Space Storage, Inc. REIT  | 19058 | 2482 |
| Public Storage REIT  | 8874 | 2303 |
| Mindspace Business Parks REIT  | 413863 | 2187 |
| UDR, Inc. REIT  | 48752 | 1788 |
| CK Asset Holdings, Ltd.  | 328500 | 1655 |
| Equinix, Inc. REIT  | 1780 | 1364 |
| Link REIT  | 302148 | 1346 |
| CTP NV  | 56484 | 1183 |

---

---

| | |
|:---|:---|
| **73** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Real estate (continued)** |  |  |
| Sun Communities, Inc. REIT  | 5902 | $731 |
| Embassy Office Parks REIT  | 140661 | 681 |
| SBA Communications Corp. REIT, Class A  | 2744 | 531 |
| Longfor Group Holdings, Ltd.  | 357634 | 392 |
| Lineage, Inc. REIT  | 7600 | 266 |
| Kimco Realty Corp. REIT  | 5095 | 103 |
|  |  | 45795 |
| **Total common stocks** (cost: $866,080,000) |  | 1292466 |
| Convertible stocks 0.29% |  |  |
| **Information technology 0.16%** |  |  |
| Microchip Technology, Inc., Series A, cumulative convertible preferred depositary shares, 7.50% 3/15/2028  | 44749 | 2608 |
| **Utilities 0.09%** |  |  |
| NextEra Energy, Inc., convertible preferred shares, 7.234% 11/1/2027  | 31400 | 1531 |
| **Financials 0.04%** |  |  |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 13000 | 674 |
| **Total convertible stocks** (cost: $4,335,000) |  | 4813 |
| Bonds, notes & other debt instruments 14.62% | Principal amount<br> (000)<br>|  |
| **U.S. Treasury bonds & notes 5.92%** | **U.S. Treasury bonds & notes 5.92%** | **U.S. Treasury bonds & notes 5.92%** |
| **U.S. Treasury 5.92%** |  |  |
| U.S. Treasury 4.00% 2/15/2026  | USD2,369 | 2370 |
| U.S. Treasury 0.75% 3/31/2026  | 1 | 1 |
| U.S. Treasury 0.75% 5/31/2026  | 3850 | 3806 |
| U.S. Treasury 1.875% 6/30/2026  | 3855 | 3825 |
| U.S. Treasury 1.125% 10/31/2026  | 995 | 975 |
| U.S. Treasury 2.00% 11/15/2026  | 2800 | 2763 |
| U.S. Treasury 4.625% 11/15/2026  | 1200 | 1211 |
| U.S. Treasury 4.00% 1/15/2027  | 6541 | 6573 |
| U.S. Treasury 0.50% 4/30/2027  | 2375 | 2284 |
| U.S. Treasury 2.625% 5/31/2027  | 80 | 79 |
| U.S. Treasury 3.50% 9/30/2027  | 1811 | 1812 |
| U.S. Treasury 3.375% 11/30/2027  | 9 | 9 |
| U.S. Treasury 3.375% 12/31/2027  | 17721 | 17687 |
| U.S. Treasury 4.00% 2/29/2028  | 745 | 753 |
| U.S. Treasury 1.25% 3/31/2028  | 1350 | 1285 |
| U.S. Treasury 3.625% 3/31/2028  | 3 | 4 |
| U.S. Treasury 3.50% 12/15/2028 <sup>(e)</sup>  | 10891 | 10878 |
| U.S. Treasury 4.00% 7/31/2029  | 25 | 25 |
| U.S. Treasury 6.25% 5/15/2030  | 345 | 381 |
| U.S. Treasury 3.625% 9/30/2030  | 809 | 806 |
| U.S. Treasury 3.625% 12/31/2030  | 12352 | 12295 |
| U.S. Treasury 3.75% 8/31/2031  | 297 | 296 |
| U.S. Treasury 4.125% 11/15/2032  | 9 | 9 |
| U.S. Treasury 3.875% 12/31/2032  | 6955 | 6927 |
| U.S. Treasury 4.375% 5/15/2034  | 18 | 18 |
| U.S. Treasury 4.00% 11/15/2035  | 6687 | 6596 |
| U.S. Treasury 4.50% 8/15/2039  | 1045 | 1048 |
| U.S. Treasury 4.75% 2/15/2041  | 1730 | 1764 |
| U.S. Treasury 2.00% 11/15/2041  | 300 | 210 |
| U.S. Treasury 4.625% 11/15/2045  | 679 | 664 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **74** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** |  |  |
| U.S. Treasury 2.375% 5/15/2051  | USD196 | $124 |
| U.S. Treasury 4.00% 11/15/2052  | 152 | 132 |
| U.S. Treasury 4.75% 8/15/2055  | 8884 | 8753 |
| U.S. Treasury 4.625% 11/15/2055  | 2038 | 1968 |
| **Total U.S. Treasury bonds & notes** |  | 98331 |
| **Mortgage-backed obligations 5.04%** | **Mortgage-backed obligations 5.04%** | **Mortgage-backed obligations 5.04%** |
| **Federal agency mortgage-backed obligations 4.20%** |  |  |
| Fannie Mae Pool #695412 5.00% 6/1/2033 <sup>(f)</sup>  | — <br><sup>(c)</sup><br>| — <br><sup>(c)</sup><br>|
| Fannie Mae Pool #FM2499 2.50% 2/1/2035 <sup>(f)</sup>  | 729 | 697 |
| Fannie Mae Pool #AD3566 5.00% 10/1/2035 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(f)</sup>  | 254 | 240 |
| Fannie Mae Pool #931768 5.00% 8/1/2039 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #AC0794 5.00% 10/1/2039 <sup>(f)</sup>  | 4 | 4 |
| Fannie Mae Pool #932606 5.00% 2/1/2040 <sup>(f)</sup>  | 1 | 2 |
| Fannie Mae Pool #AE0311 3.50% 8/1/2040 <sup>(f)</sup>  | 6 | 6 |
| Fannie Mae Pool #AE1248 5.00% 6/1/2041 <sup>(f)</sup>  | 7 | 7 |
| Fannie Mae Pool #AJ1873 4.00% 10/1/2041 <sup>(f)</sup>  | 5 | 5 |
| Fannie Mae Pool #AE1274 5.00% 10/1/2041 <sup>(f)</sup>  | 4 | 4 |
| Fannie Mae Pool #AE1277 5.00% 11/1/2041 <sup>(f)</sup>  | 3 | 3 |
| Fannie Mae Pool #AE1283 5.00% 12/1/2041 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #AE1290 5.00% 2/1/2042 <sup>(f)</sup>  | 4 | 4 |
| Fannie Mae Pool #AT0300 3.50% 3/1/2043 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #AT3954 3.50% 4/1/2043 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #AY1829 3.50% 12/1/2044 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #BH3122 4.00% 6/1/2047 <sup>(f)</sup>  | 1 | 1 |
| Fannie Mae Pool #BJ5015 4.00% 12/1/2047 <sup>(f)</sup>  | 25 | 24 |
| Fannie Mae Pool #BK5232 4.00% 5/1/2048 <sup>(f)</sup>  | 14 | 14 |
| Fannie Mae Pool #BK6840 4.00% 6/1/2048 <sup>(f)</sup>  | 20 | 19 |
| Fannie Mae Pool #BK9743 4.00% 8/1/2048 <sup>(f)</sup>  | 6 | 6 |
| Fannie Mae Pool #BK9761 4.50% 8/1/2048 <sup>(f)</sup>  | 3 | 3 |
| Fannie Mae Pool #FM3280 3.50% 5/1/2049 <sup>(f)</sup>  | 28 | 27 |
| Fannie Mae Pool #FS5372 3.50% 7/1/2049 <sup>(f)</sup>  | 154 | 145 |
| Fannie Mae Pool #FS5313 3.50% 1/1/2050 <sup>(f)</sup>  | 1759 | 1653 |
| Fannie Mae Pool #CA5540 3.00% 4/1/2050 <sup>(f)</sup>  | 2453 | 2212 |
| Fannie Mae Pool #CA6309 3.00% 7/1/2050 <sup>(f)</sup>  | 281 | 256 |
| Fannie Mae Pool #CA6349 3.00% 7/1/2050 <sup>(f)</sup>  | 111 | 98 |
| Fannie Mae Pool #CA6740 3.00% 8/1/2050 <sup>(f)</sup>  | 74 | 66 |
| Fannie Mae Pool #CA7048 3.00% 9/1/2050 <sup>(f)</sup>  | 40 | 36 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(f)</sup>  | 11 | 10 |
| Fannie Mae Pool #CA7381 3.00% 10/1/2050 <sup>(f)</sup>  | 117 | 104 |
| Fannie Mae Pool #FM5166 3.00% 12/1/2050 <sup>(f)</sup>  | 78 | 70 |
| Fannie Mae Pool #BR4104 2.00% 1/1/2051 <sup>(f)</sup>  | 40 | 33 |
| Fannie Mae Pool #FM5509 3.00% 1/1/2051 <sup>(f)</sup>  | 119 | 107 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(f)</sup>  | 179 | 145 |
| Fannie Mae Pool #MA4255 2.00% 2/1/2051 <sup>(f)</sup>  | 50 | 41 |
| Fannie Mae Pool #FS1086 2.00% 4/1/2051 <sup>(f)</sup>  | 21 | 17 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(f)</sup>  | 151 | 135 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(f)</sup>  | 18 | 16 |
| Fannie Mae Pool #BT1267 3.00% 6/1/2051 <sup>(f)</sup>  | 151 | 134 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(f)</sup>  | 14 | 12 |
| Fannie Mae Pool #FM8477 3.00% 8/1/2051 <sup>(f)</sup>  | 104 | 94 |
| Fannie Mae Pool #CB2527 2.00% 12/1/2051 <sup>(f)</sup>  | 167 | 136 |
| Fannie Mae Pool #CB2787 3.50% 12/1/2051 <sup>(f)</sup>  | 18 | 17 |
| Fannie Mae Pool #BU1450 2.00% 1/1/2052 <sup>(f)</sup>  | 4 | 3 |
| Fannie Mae Pool #BV0790 3.50% 1/1/2052 <sup>(f)</sup>  | 70 | 65 |
| Fannie Mae Pool #FS1885 2.50% 2/1/2052 <sup>(f)</sup>  | 148 | 126 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(f)</sup>  | 768 | 695 |
| Fannie Mae Pool #BU8803 3.00% 2/1/2052 <sup>(f)</sup>  | 99 | 88 |

---

---

| | |
|:---|:---|
| **75** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FS0752 3.00% 3/1/2052 <sup>(f)</sup>  | USD443 | $393 |
| Fannie Mae Pool #CB3179 3.50% 3/1/2052 <sup>(f)</sup>  | 254 | 237 |
| Fannie Mae Pool #CB3353 2.50% 4/1/2052 <sup>(f)</sup>  | 214 | 182 |
| Fannie Mae Pool #FS8677 2.50% 4/1/2052 <sup>(f)</sup>  | 129 | 110 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(f)</sup>  | 4 | 4 |
| Fannie Mae Pool #MA4626 4.00% 6/1/2052 <sup>(f)</sup>  | 100 | 96 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(f)</sup>  | 8 | 8 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(f)</sup>  | 172 | 146 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(f)</sup>  | 143 | 121 |
| Fannie Mae Pool #CB4360 3.00% 8/1/2052 <sup>(f)</sup>  | 615 | 545 |
| Fannie Mae Pool #BV8976 5.00% 8/1/2052 <sup>(f)</sup>  | 49 | 50 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(f)</sup>  | 145 | 118 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(f)</sup>  | 103 | 105 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(f)</sup>  | 94 | 96 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(f)</sup>  | 138 | 141 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(f)</sup>  | 86 | 87 |
| Fannie Mae Pool #MA5036 3.00% 4/1/2053 <sup>(f)</sup>  | 174 | 154 |
| Fannie Mae Pool #CB6012 4.00% 4/1/2053 <sup>(f)</sup>  | 762 | 726 |
| Fannie Mae Pool #BX9827 5.00% 5/1/2053 <sup>(f)</sup>  | 223 | 224 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(f)</sup>  | 57 | 57 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(f)</sup>  | 233 | 237 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(f)</sup>  | 1222 | 1261 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(f)</sup>  | 287 | 293 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(f)</sup>  | 335 | 345 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(f)</sup>  | 211 | 218 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(f)</sup>  | 155 | 160 |
| Fannie Mae Pool #MA5089 4.00% 7/1/2053 <sup>(f)</sup>  | 258 | 245 |
| Fannie Mae Pool #MA5070 4.50% 7/1/2053 <sup>(f)</sup>  | 95 | 93 |
| Fannie Mae Pool #MA5071 5.00% 7/1/2053 <sup>(f)</sup>  | 117 | 117 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(f)</sup>  | 755 | 768 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(f)</sup>  | 355 | 366 |
| Fannie Mae Pool #MA5177 4.00% 10/1/2053 <sup>(f)</sup>  | 876 | 833 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(f)</sup>  | 39 | 40 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(f)</sup>  | 586 | 604 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(f)</sup>  | 57 | 60 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(f)</sup>  | 22 | 23 |
| Fannie Mae Pool #CB8089 7.00% 12/1/2053 <sup>(f)</sup>  | 396 | 417 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(f)</sup>  | 23 | 25 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(f)</sup>  | 790 | 804 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(f)</sup>  | 106 | 109 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(f)</sup>  | 54 | 56 |
| Fannie Mae Pool #CB8328 5.50% 4/1/2054 <sup>(f)</sup>  | 884 | 904 |
| Fannie Mae Pool #MA5354 6.00% 5/1/2054 <sup>(f)</sup>  | 99 | 101 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(f)</sup>  | 65 | 66 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(f)</sup>  | 362 | 376 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(f)</sup>  | 105 | 108 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(f)</sup>  | 25 | 26 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(f)</sup>  | 17 | 18 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(f)</sup>  | 40 | 41 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(f)</sup>  | 143 | 146 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(f)</sup>  | 701 | 720 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(f)</sup>  | 164 | 169 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(f)</sup>  | 153 | 158 |
| Fannie Mae Pool #DB6905 6.00% 7/1/2054 <sup>(f)</sup>  | 94 | 96 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(f)</sup>  | 89 | 93 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(f)</sup>  | 67 | 68 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(f)</sup>  | 18 | 19 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(f)</sup>  | 2561 | 2660 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(f)</sup>  | 299 | 308 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(f)</sup>  | 9 | 9 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **76** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(f)</sup>  | USD9 | $9 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(f)</sup>  | 9 | 9 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(f)</sup>  | 8 | 8 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(f)</sup>  | 6 | 6 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(f)</sup>  | 32 | 33 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(f)</sup>  | 16 | 17 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(f)</sup>  | 217 | 220 |
| Fannie Mae Pool #FS9001 5.50% 9/1/2054 <sup>(f)</sup>  | 32 | 33 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(f)</sup>  | 3 | 3 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(f)</sup>  | 94 | 97 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(f)</sup>  | 226 | 230 |
| Fannie Mae Pool #DC9197 4.50% 12/1/2054 <sup>(f)</sup>  | 553 | 543 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(f)</sup>  | 192 | 191 |
| Fannie Mae Pool #MB0294 4.00% 1/1/2055 <sup>(f)</sup>  | 302 | 286 |
| Fannie Mae Pool #MA5583 4.00% 1/1/2055 <sup>(f)</sup>  | 65 | 62 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(f)</sup>  | 38 | 39 |
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(f)</sup>  | 422 | 412 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(f)</sup>  | 524 | 538 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(f)</sup>  | 309 | 302 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(f)</sup>  | 31 | 32 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(f)</sup>  | 421 | 437 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(f)</sup>  | 236 | 246 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(f)</sup>  | 2011 | 2115 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(f)</sup>  | 247 | 234 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(f)</sup>  | 327 | 319 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(f)</sup>  | 67 | 68 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(f)</sup>  | 19 | 19 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(f)</sup>  | 178 | 183 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(f)</sup>  | 13 | 13 |
| Fannie Mae Pool #DD9889 6.00% 7/1/2055 <sup>(f)</sup>  | 911 | 936 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(f)</sup>  | 855 | 888 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(f)</sup>  | 169 | 175 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(f)</sup>  | 150 | 152 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(f)</sup>  | 2 | 2 |
| Fannie Mae Pool #DE6152 6.50% 8/1/2055 <sup>(f)</sup>  | 104 | 108 |
| Fannie Mae Pool #FA2203 7.00% 8/1/2055 <sup>(f)</sup>  | 768 | 808 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(f)</sup>  | 246 | 250 |
| Fannie Mae Pool #BF0142 5.50% 8/1/2056 <sup>(f)</sup>  | 311 | 322 |
| Fannie Mae Pool #BF0342 5.50% 1/1/2059 <sup>(f)</sup>  | 213 | 218 |
| Fannie Mae Pool #BM6737 4.50% 11/1/2059 <sup>(f)</sup>  | 505 | 496 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(f)</sup>  | 356 | 310 |
| Freddie Mac Pool #SB0649 2.50% 4/1/2037 <sup>(f)</sup>  | 379 | 359 |
| Freddie Mac Pool #SB1388 2.50% 1/1/2038 <sup>(f)</sup>  | 105 | 100 |
| Freddie Mac Pool #SC0149 2.00% 3/1/2041 <sup>(f)</sup>  | 59 | 51 |
| Freddie Mac Pool #RB0544 2.00% 6/1/2041 <sup>(f)</sup>  | 102 | 89 |
| Freddie Mac Pool #Q15874 4.00% 2/1/2043 <sup>(f)</sup>  | 1 | 1 |
| Freddie Mac Pool #G67711 4.00% 3/1/2048 <sup>(f)</sup>  | 171 | 166 |
| Freddie Mac Pool #Q55971 4.00% 5/1/2048 <sup>(f)</sup>  | 12 | 12 |
| Freddie Mac Pool #Q56175 4.00% 5/1/2048 <sup>(f)</sup>  | 10 | 10 |
| Freddie Mac Pool #Q55970 4.00% 5/1/2048 <sup>(f)</sup>  | 6 | 6 |
| Freddie Mac Pool #Q56599 4.00% 6/1/2048 <sup>(f)</sup>  | 21 | 20 |
| Freddie Mac Pool #Q57242 4.50% 7/1/2048 <sup>(f)</sup>  | 10 | 10 |
| Freddie Mac Pool #Q58411 4.50% 9/1/2048 <sup>(f)</sup>  | 39 | 39 |
| Freddie Mac Pool #Q58436 4.50% 9/1/2048 <sup>(f)</sup>  | 18 | 18 |
| Freddie Mac Pool #Q58378 4.50% 9/1/2048 <sup>(f)</sup>  | 12 | 12 |
| Freddie Mac Pool #ZT1704 4.50% 1/1/2049 <sup>(f)</sup>  | 894 | 890 |

---

---

| | |
|:---|:---|
| **77** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(f)</sup>  | USD11 | $10 |
| Freddie Mac Pool #RA3506 3.00% 9/1/2050 <sup>(f)</sup>  | 129 | 115 |
| Freddie Mac Pool #QB6480 2.00% 12/1/2050 <sup>(f)</sup>  | 67 | 55 |
| Freddie Mac Pool #RA5901 3.00% 9/1/2051 <sup>(f)</sup>  | 60 | 54 |
| Freddie Mac Pool #RA6347 3.00% 11/1/2051 <sup>(f)</sup>  | 120 | 107 |
| Freddie Mac Pool #SD2629 2.50% 1/1/2052 <sup>(f)</sup>  | 46 | 39 |
| Freddie Mac Pool #SD0854 2.50% 1/1/2052 <sup>(f)</sup>  | 11 | 10 |
| Freddie Mac Pool #QD3812 3.00% 1/1/2052 <sup>(f)</sup>  | 101 | 90 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(f)</sup>  | 235 | 191 |
| Freddie Mac Pool #SD1156 3.00% 4/1/2052 <sup>(f)</sup>  | 107 | 95 |
| Freddie Mac Pool #QE1079 3.50% 4/1/2052 <sup>(f)</sup>  | 7 | 6 |
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(f)</sup>  | 440 | 374 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(f)</sup>  | 733 | 651 |
| Freddie Mac Pool #SD8214 3.50% 5/1/2052 <sup>(f)</sup>  | 217 | 201 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(f)</sup>  | 439 | 389 |
| Freddie Mac Pool #QE4383 4.00% 6/1/2052 <sup>(f)</sup>  | 284 | 271 |
| Freddie Mac Pool #RA7556 4.50% 6/1/2052 <sup>(f)</sup>  | 710 | 696 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(f)</sup>  | 765 | 648 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(f)</sup>  | 354 | 300 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(f)</sup>  | 141 | 125 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(f)</sup>  | 42 | 34 |
| Freddie Mac Pool #SD8242 3.00% 9/1/2052 <sup>(f)</sup>  | 107 | 95 |
| Freddie Mac Pool #SD1584 4.50% 9/1/2052 <sup>(f)</sup>  | 159 | 157 |
| Freddie Mac Pool #QE9222 5.00% 9/1/2052 <sup>(f)</sup>  | 536 | 537 |
| Freddie Mac Pool #QF0924 5.50% 9/1/2052 <sup>(f)</sup>  | 266 | 271 |
| Freddie Mac Pool #QF2223 4.00% 10/1/2052 <sup>(f)</sup>  | 26 | 24 |
| Freddie Mac Pool #SD5845 3.50% 11/1/2052 <sup>(f)</sup>  | 2337 | 2167 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(f)</sup>  | 98 | 100 |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(f)</sup>  | 22 | 19 |
| Freddie Mac Pool #SD4116 4.50% 12/1/2052 <sup>(f)</sup>  | 415 | 406 |
| Freddie Mac Pool #SD8286 4.00% 1/1/2053 <sup>(f)</sup>  | 727 | 694 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(f)</sup>  | 88 | 88 |
| Freddie Mac Pool #SD8316 5.50% 4/1/2053 <sup>(f)</sup>  | 480 | 488 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(f)</sup>  | 362 | 369 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(f)</sup>  | 30 | 30 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(f)</sup>  | 906 | 921 |
| Freddie Mac Pool #SD3175 6.00% 6/1/2053 <sup>(f)</sup>  | 71 | 74 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(f)</sup>  | 14 | 14 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(f)</sup>  | 11 | 12 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(f)</sup>  | 11 | 12 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(f)</sup>  | 11 | 12 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(f)</sup>  | 8 | 8 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(f)</sup>  | 6 | 6 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(f)</sup>  | 4 | 4 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(f)</sup>  | 3 | 3 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(f)</sup>  | 30 | 30 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(f)</sup>  | 17 | 18 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(f)</sup>  | 16 | 16 |
| Freddie Mac Pool #SD8367 5.50% 10/1/2053 <sup>(f)</sup>  | 198 | 201 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(f)</sup>  | 587 | 588 |
| Freddie Mac Pool #SD8372 5.50% 11/1/2053 <sup>(f)</sup>  | 42 | 43 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(f)</sup>  | 9 | 9 |
| Freddie Mac Pool #SD8392 4.00% 12/1/2053 <sup>(f)</sup>  | 51 | 49 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(f)</sup>  | 6 | 7 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(f)</sup>  | 15 | 15 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(f)</sup>  | 1009 | 1038 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(f)</sup>  | 802 | 814 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(f)</sup>  | 17 | 17 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(f)</sup>  | 8 | 8 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(f)</sup>  | 419 | 434 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **78** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(f)</sup>  | USD8 | $8 |
| Freddie Mac Pool #RJ1512 5.50% 5/1/2054 <sup>(f)</sup>  | 261 | 267 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(f)</sup>  | 45 | 46 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(f)</sup>  | 16 | 17 |
| Freddie Mac Pool #QI7522 5.50% 6/1/2054 <sup>(f)</sup>  | 89 | 90 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(f)</sup>  | 22 | 23 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(f)</sup>  | 1 | 1 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(f)</sup>  | 72 | 73 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(f)</sup>  | 58 | 59 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(f)</sup>  | 272 | 284 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(f)</sup>  | 235 | 243 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(f)</sup>  | 79 | 81 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(f)</sup>  | 68 | 70 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(f)</sup>  | 16 | 16 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(f)</sup>  | 14 | 14 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(f)</sup>  | 134 | 139 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(f)</sup>  | 146 | 150 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(f)</sup>  | 16 | 16 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(f)</sup>  | 9 | 9 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(f)</sup>  | 5 | 5 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(f)</sup>  | 2 | 2 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(f)</sup>  | 111 | 116 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(f)</sup>  | 35 | 37 |
| Freddie Mac Pool #QJ3725 6.00% 9/1/2054 <sup>(f)</sup>  | 23 | 24 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(f)</sup>  | 18 | 19 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(f)</sup>  | 17 | 17 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(f)</sup>  | 17 | 17 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(f)</sup>  | 8 | 8 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(f)</sup>  | 44 | 45 |
| Freddie Mac Pool #SD8470 6.00% 10/1/2054 <sup>(f)</sup>  | 104 | 106 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(f)</sup>  | 80 | 78 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(f)</sup>  | 51 | 51 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(f)</sup>  | 60 | 61 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(f)</sup>  | 15 | 16 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(f)</sup>  | 320 | 325 |
| Freddie Mac Pool #SD8495 6.00% 12/1/2054 <sup>(f)</sup>  | 46 | 48 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(f)</sup>  | 21 | 22 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(f)</sup>  | 452 | 476 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(f)</sup>  | 36 | 35 |
| Freddie Mac Pool #SL0797 6.00% 2/1/2055 <sup>(f)</sup>  | 160 | 165 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(f)</sup>  | 85 | 87 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(f)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(f)</sup>  | 97 | 100 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(f)</sup>  | 132 | 137 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(f)</sup>  | 12 | 12 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(f)</sup>  | 387 | 398 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(f)</sup>  | 293 | 301 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(f)</sup>  | 19 | 19 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(f)</sup>  | 36 | 37 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(f)</sup>  | 15 | 15 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(f)</sup>  | 552 | 574 |
| Freddie Mac Pool #QY4677 6.50% 6/1/2055 <sup>(f)</sup>  | 261 | 271 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(f)</sup>  | 492 | 491 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(f)</sup>  | 228 | 231 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(f)</sup>  | 324 | 333 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(f)</sup>  | 132 | 138 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(f)</sup>  | 4 | 4 |
| Freddie Mac Pool #RJ5151 6.50% 8/1/2055 <sup>(f)</sup>  | 450 | 467 |
| Freddie Mac Pool #RQ0049 5.50% 9/1/2055 <sup>(f)</sup>  | 1 | 1 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(f)</sup>  | 37 | 38 |

---

---

| | |
|:---|:---|
| **79** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/2033 <sup>(f)(g)</sup>  | USD160 | $161 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(f)</sup>  | 85 | 81 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(f)</sup>  | 177 | 169 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(f)(g)</sup>  | 170 | 162 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(f)(g)</sup>  | 78 | 72 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(f)</sup>  | 65 | 60 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(f)(g)</sup>  | 13 | 12 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/2058 <sup>(f)</sup>  | 808 | 726 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(f)</sup>  | 268 | 262 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(f)</sup>  | 426 | 415 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA, 3.50% 10/25/2058 <sup>(f)</sup>  | 11 | 11 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 <sup>(f)</sup>  | 8 | 7 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(f)</sup>  | 644 | 634 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-2, Class A1C, 2.75% 9/25/2029 <sup>(f)</sup>  | 927 | 893 |
| Government National Mortgage Assn. 4.50% 1/1/2056 <sup>(f)(h)</sup>  | 48 | 47 |
| Government National Mortgage Assn. Pool #MA5764 4.50% 2/20/2049 <sup>(f)</sup>  | 151 | 150 |
| Government National Mortgage Assn. Pool #MA8267 4.00% 9/20/2052 <sup>(f)</sup>  | 2647 | 2523 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(f)</sup>  | 56 | 53 |
| Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053 <sup>(f)</sup>  | 199 | 190 |
| Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053 <sup>(f)</sup>  | 358 | 359 |
| Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/2053 <sup>(f)</sup>  | 963 | 965 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(f)</sup>  | 24 | 23 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(f)</sup>  | 432 | 437 |
| Government National Mortgage Assn. Pool #MB0259 5.50% 3/20/2055 <sup>(f)</sup>  | 95 | 96 |
| Government National Mortgage Assn. Pool #694836 5.683% 9/20/2059 <sup>(f)</sup>  | — <br><sup>(c)</sup><br>| — <br><sup>(c)</sup><br>|
| Government National Mortgage Assn. Pool #725893 5.20% 9/20/2064 <sup>(f)</sup>  | — <br><sup>(c)</sup><br>| — <br><sup>(c)</sup><br>|
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(f)(h)</sup>  | 212 | 171 |
| Uniform Mortgage-Backed Security 3.00% 1/1/2056 <sup>(f)(h)</sup>  | 261 | 231 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(f)(h)</sup>  | 1 | 1 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(f)(h)</sup>  | 248 | 242 |
| Uniform Mortgage-Backed Security 5.00% 1/1/2056 <sup>(f)(h)</sup>  | 78 | 78 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(f)(h)</sup>  | 403 | 419 |
| Uniform Mortgage-Backed Security 7.00% 1/1/2056 <sup>(f)(h)</sup>  | 1166 | 1227 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(f)(h)</sup>  | 173 | 160 |
|  |  | 69743 |
| **Commercial mortgage-backed securities 0.45%** |  |  |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class A, 5.59% 11/10/2029 <sup>(f)(g)(i)</sup>  | 296 | 302 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(f)(g)</sup>  | 41 | 43 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364% 2/15/2057 <sup>(f)(g)</sup>  | 122 | 128 |
| BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) <br> 5.865% 6/15/2027 <sup>(f)(g)(i)</sup>  | 332 | 333 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.291% 5/15/2034 <sup>(f)(g)(i)</sup>  | 106 | 106 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.241% 4/15/2037 <sup>(f)(g)(i)</sup>  | 79 | 79 |
| BX Trust, Series 2021-ACNT, Class C, (1-month USD CME Term SOFR + 1.614%) 5.365% 11/15/2038 <sup>(f)(g)(i)</sup>  | 78 | 78 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(f)(g)(i)</sup>  | 590 | 599 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.442% 8/15/2041 <sup>(f)(g)(i)</sup>  | 169 | 170 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.70% 12/15/2044 <sup>(f)(g)(i)</sup>  | 732 | 734 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.641% <br> 7/15/2041 <sup>(f)(g)(i)</sup>  | 100 | 100 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.392% 8/15/2041 <sup>(f)(g)(i)</sup>  | 120 | 120 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(f)(g)(i)</sup>  | 237 | 244 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.728% 8/12/2043 <sup>(f)(g)(i)</sup>  | 574 | 589 |
| ELM Trust 2024, Series 2024-ELM, Class B10, 6.195% 6/10/2039 <sup>(f)(g)(i)</sup>  | 213 | 214 |
| ELM Trust 2024, Series 2024-ELM, Class B15, 6.195% 6/10/2039 <sup>(f)(g)(i)</sup>  | 191 | 192 |
| ELM Trust 2024, Series 2024-ELM, Class C15, 6.396% 6/10/2039 <sup>(f)(g)(i)</sup>  | 133 | 134 |
| ELM Trust 2024, Series 2024-ELM, Class C10, 6.396% 6/10/2039 <sup>(f)(g)(i)</sup>  | 120 | 121 |
| ELM Trust 2024, Series 2024-ELM, Class D10, 6.847% 6/10/2039 <sup>(f)(g)(i)</sup>  | 100 | 100 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **80** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** |  |  |
| ELM Trust 2024, Series 2024-ELM, Class D15, 6.897% 6/10/2039 <sup>(f)(g)(i)</sup>  | USD100 | $100 |
| FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056 <sup>(f)(g)</sup>  | 73 | 75 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487% 3/10/2041 <sup>(f)(g)(i)</sup>  | 592 | 599 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(f)(g)(i)</sup>  | 329 | 342 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(f)(g)(i)</sup>  | 100 | 101 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class B, 6.555% 5/10/2039 <sup>(f)(g)(i)</sup>  | 243 | 247 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(f)(g)(i)</sup>  | 541 | 561 |
| Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 6.624% 7/25/2054 <sup>(f)(g)(i)</sup>  | 108 | 110 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(f)(g)(i)</sup>  | 312 | 313 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class D, (1-month USD CME Term SOFR + 2.591%) <br> 6.391% 2/15/2042 <sup>(f)(g)(i)</sup>  | 597 | 593 |
|  |  | 7427 |
| **Collateralized mortgage-backed obligations (privately originated) 0.39%** |  |  |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(f)(g)(i)</sup>  | 72 | 66 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(f)(i)(j)</sup>  | 489 | 479 |
| BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061 <sup>(f)(g)(i)</sup>  | 56 | 53 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(f)(g)(i)</sup>  | 142 | 141 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(f)(g)(i)</sup>  | 358 | 352 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(f)(g)(i)</sup>  | 131 | 125 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(f)(g)(i)</sup>  | 6 | 5 |
| Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) <br> 6.274% 12/25/2042 <sup>(f)(g)(i)</sup>  | 25 | 25 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) <br> 5.774% 6/25/2043 <sup>(f)(g)(i)</sup>  | 187 | 188 |
| Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) <br> 5.574% 7/25/2043 <sup>(f)(g)(i)</sup>  | 58 | 58 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) <br> 4.974% 5/25/2044 <sup>(f)(g)(i)</sup>  | 38 | 38 |
| Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2, (30-day Average USD-SOFR + 1.60%) <br> 5.474% 9/25/2044 <sup>(f)(g)(i)</sup>  | 87 | 87 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.024% 9/25/2042 <sup>(f)(g)(i)</sup>  | 7 | 7 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average <br> USD-SOFR + 3.70%) 7.574% 9/25/2042 <sup>(f)(g)(i)</sup>  | 64 | 67 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.074% 5/25/2044 <sup>(f)(g)(i)</sup>  | 160 | 160 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M2, (30-day Average <br> USD-SOFR + 1.45%) 5.324% 10/25/2044 <sup>(f)(g)(i)</sup>  | 90 | 90 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(f)(i)(j)</sup>  | 81 | 81 |
| Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039 <sup>(f)(i)</sup>  | 48 | 48 |
| HOMES Trust, Series 2024-NQM1, Class A1, 5.915% 7/25/2069 (6.915% on 7/1/2028) <sup>(f)(i)(j)</sup>  | 670 | 677 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(f)(i)</sup>  | 54 | 54 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 6.25% 7/25/2067 <sup>(f)(i)</sup>  | 90 | 90 |
| MFRA Trust, Series 2024-NQM2, Class A1, 5.272% 8/25/2069 (6.272% on 8/1/2028) <sup>(f)(i)(j)</sup>  | 392 | 393 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% <br> on 5/1/2028) <sup>(f)(i)(j)</sup>  | 101 | 102 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2024-HYB1, Class A1, 3.637% 3/25/2053 <sup>(f)(g)(i)</sup>  | 138 | 138 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(f)(i)(j)</sup>  | 141 | 143 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(f)(i)(j)</sup>  | 317 | 321 |
| Onslow Bay Financial, LLC, Series 2024-NQM11, Class A1, 5.875% 6/25/2064 (6.825% on 7/1/2028) <sup>(f)(i)(j)</sup>  | 814 | 823 |
| Progress Residential Trust, Series 2024-SFR5, Class B, 3.25% 8/9/2029 <sup>(f)(i)</sup>  | 554 | 527 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(f)(i)</sup>  | 95 | 94 |
| Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 5.50% 10/17/2041 <sup>(f)(g)(i)</sup>  | 140 | 140 |
| Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057 <sup>(f)(g)(i)</sup>  | 13 | 13 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(f)(g)(i)</sup>  | 11 | 11 |

---

---

| | |
|:---|:---|
| **81** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** |  |  |
| Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/2058 <sup>(f)(g)(i)</sup>  | USD6 | $6 |
| Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060 <sup>(f)(i)</sup>  | 304 | 279 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(b)(i)</sup>  | 100 | 100 |
| Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/2038 <sup>(f)(i)</sup>  | 195 | 193 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(f)(i)</sup>  | 167 | 167 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(f)(i)(j)</sup>  | 64 | 65 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(f)(g)(i)</sup>  | 87 | 88 |
|  |  | 6494 |
| **Total mortgage-backed obligations** |  | 83664 |
| **Corporate bonds and notes 2.84%** | **Corporate bonds and notes 2.84%** | **Corporate bonds and notes 2.84%** |
| **Financials 0.49%** |  |  |
| American Express Co. 4.90% 2/13/2026  | 28 | 28 |
| American Express Co. 5.085% 1/30/2031 (USD-SOFR + 1.02% on 1/30/2030) <sup>(j)</sup>  | 50 | 52 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(j)</sup>  | 28 | 29 |
| American International Group, Inc. 4.85% 5/7/2030  | 685 | 703 |
| American International Group, Inc. 5.125% 3/27/2033  | 17 | 18 |
| Aon Corp. 5.35% 2/28/2033  | 21 | 22 |
| Arthur J. Gallagher & Co. 4.85% 12/15/2029  | 125 | 128 |
| Arthur J. Gallagher & Co. 5.00% 2/15/2032  | 50 | 51 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(j)</sup>  | 22 | 20 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(j)</sup>  | 238 | 213 |
| Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033) <sup>(j)</sup>  | 118 | 122 |
| Bank of America Corp. 5.464% 5/9/2036 (USD-SOFR + 1.64% on 5/9/2035) <sup>(j)</sup>  | 75 | 78 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(i)(j)</sup>  | 400 | 416 |
| CaixaBank SA 6.037% 6/15/2035 (USD-SOFR + 2.26% on 9/15/2034) <sup>(i)(j)</sup>  | 200 | 213 |
| Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033) <sup>(j)</sup>  | 45 | 49 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(j)</sup>  | 95 | 101 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 35 | 36 |
| Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029) <sup>(j)</sup>  | 86 | 88 |
| Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032) <sup>(j)</sup>  | 35 | 32 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(j)</sup>  | 44 | 46 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(j)</sup>  | 55 | 56 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 180 | 177 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 32 | 30 |
| Corebridge Financial, Inc. 4.35% 4/5/2042  | 7 | 6 |
| Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br>4/1/2027) <sup>(i)(j)</sup>  | 200 | 200 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(j)</sup>  | 300 | 320 |
| Deutsche Bank AG 4.999% 9/11/2030 (USD-SOFR + 1.70% on 9/11/2029) <sup>(j)</sup>  | 150 | 152 |
| Fifth Third Bancorp 6.339% 7/27/2029 (USD-SOFR + 2.34% on 7/27/2028) <sup>(j)</sup>  | 5 | 5 |
| Goldman Sachs Group, Inc. 4.937% 4/23/2028 (USD-SOFR + 1.319% on 4/23/2027) <sup>(j)</sup>  | 45 | 46 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(j)</sup>  | 60 | 63 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(j)</sup>  | 40 | 40 |
| JPMorgan Chase & Co. 4.979% 7/22/2028 (USD-SOFR + 0.93% on 7/22/2027) <sup>(j)</sup>  | 65 | 66 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(j)</sup>  | 50 | 52 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(j)</sup>  | 198 | 203 |
| JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) <sup>(j)</sup>  | 52 | 52 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(j)</sup>  | 20 | 18 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(j)</sup>  | 328 | 339 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(j)</sup>  | 412 | 432 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 25 | 25 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 25 | 24 |
| Mastercard, Inc. 4.875% 3/9/2028  | 31 | 32 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(j)</sup>  | 25 | 26 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(j)</sup>  | 10 | 10 |
| Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029) <sup>(j)</sup>  | 140 | 146 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(j)</sup>  | 488 | 494 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **82** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033) <sup>(j)</sup>  | USD35 | $36 |
| Morgan Stanley 5.32% 7/19/2035 (USD-SOFR + 1.555% on 7/19/2034) <sup>(j)</sup>  | 57 | 59 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(j)</sup>  | 129 | 128 |
| Navient Corp. 5.00% 3/15/2027  | 150 | 150 |
| Navient Corp. 5.625% 8/1/2033  | 125 | 114 |
| New York Life Global Funding 3.00% 1/10/2028 <sup>(i)</sup>  | 150 | 147 |
| OneMain Finance Corp. 6.625% 5/15/2029  | 540 | 560 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(i)</sup>  | 25 | 26 |
| PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028) <sup>(j)</sup>  | 50 | 52 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(i)</sup>  | 100 | 102 |
| Truist Financial Corp. 5.435% 1/24/2030 (USD-SOFR + 1.62% on 1/24/2029) <sup>(j)</sup>  | 11 | 11 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(j)</sup>  | 50 | 52 |
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(j)</sup>  | 10 | 11 |
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(j)</sup>  | 40 | 42 |
| Truist Financial Corp. 4.964% 10/23/2036 (USD-SOFR + 1.395% on 10/23/2035) <sup>(j)</sup>  | 97 | 96 |
| U.S. Bancorp 5.775% 6/12/2029 (USD-SOFR + 2.02% on 6/12/2028) <sup>(j)</sup>  | 70 | 73 |
| U.S. Bancorp 5.384% 1/23/2030 (USD-SOFR + 1.56% on 1/23/2029) <sup>(j)</sup>  | 85 | 88 |
| UBS Group AG 5.617% 9/13/2030 (1-year USD-ICE SOFR Swap + 1.34% on 9/13/2029) <sup>(i)(j)</sup>  | 200 | 209 |
| UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030) <sup>(i)(j)</sup>  | 374 | 371 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(j)</sup>  | 98 | 100 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(j)</sup>  | 55 | 57 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(j)</sup>  | 104 | 115 |
| Wells Fargo & Co. 5.605% 4/23/2036 (USD-SOFR + 1.74% on 4/23/2035) <sup>(j)</sup>  | 80 | 84 |
|  |  | 8142 |
| **Health care 0.36%** |  |  |
| AbbVie, Inc. 5.05% 3/15/2034  | 175 | 180 |
| AbbVie, Inc. 5.35% 3/15/2044  | 25 | 25 |
| AbbVie, Inc. 5.40% 3/15/2054  | 240 | 234 |
| AbbVie, Inc. 5.50% 3/15/2064  | 25 | 24 |
| Amgen, Inc. 5.15% 3/2/2028  | 55 | 56 |
| Amgen, Inc. 4.05% 8/18/2029  | 100 | 100 |
| Amgen, Inc. 5.25% 3/2/2030  | 124 | 129 |
| Amgen, Inc. 4.20% 3/1/2033  | 133 | 130 |
| Amgen, Inc. 5.25% 3/2/2033  | 71 | 74 |
| Amgen, Inc. 5.60% 3/2/2043  | 105 | 106 |
| Amgen, Inc. 4.20% 2/22/2052  | 19 | 15 |
| Amgen, Inc. 4.875% 3/1/2053  | 25 | 22 |
| Amgen, Inc. 5.65% 3/2/2053  | 37 | 36 |
| Amgen, Inc. 5.75% 3/2/2063  | 85 | 83 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 50 | 52 |
| Baxter International, Inc. 4.45% 2/15/2029  | 271 | 272 |
| Baxter International, Inc. 4.90% 12/15/2030  | 338 | 341 |
| Baxter International, Inc. 3.132% 12/1/2051  | 25 | 16 |
| Bristol-Myers Squibb Co. 5.10% 2/22/2031  | 260 | 271 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 295 | 307 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 25 | 25 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 325 | 319 |
| Centene Corp. 4.625% 12/15/2029  | 530 | 515 |
| Centene Corp. 2.625% 8/1/2031  | 40 | 35 |
| CVS Health Corp. 5.125% 2/21/2030  | 50 | 51 |
| CVS Health Corp. 5.25% 2/21/2033  | 23 | 24 |
| CVS Health Corp. 5.70% 6/1/2034  | 97 | 102 |
| CVS Health Corp. 6.00% 6/1/2044  | 50 | 50 |
| CVS Health Corp. 6.05% 6/1/2054  | 50 | 50 |
| CVS Health Corp. 6.20% 9/15/2055  | 50 | 51 |
| Elevance Health, Inc. 4.95% 11/1/2031  | 30 | 31 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 13 | 13 |

---

---

| | |
|:---|:---|
| **83** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** |  |  |
| Gilead Sciences, Inc. 1.65% 10/1/2030  | USD8 | $7 |
| HCA, Inc. 2.375% 7/15/2031  | 18 | 16 |
| Humana, Inc. 3.70% 3/23/2029  | 12 | 12 |
| Humana, Inc. 5.375% 4/15/2031  | 35 | 36 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(i)</sup>  | 380 | 393 |
| Merck & Co., Inc. 1.70% 6/10/2027  | 118 | 115 |
| Merck & Co., Inc. 3.40% 3/7/2029  | 110 | 108 |
| Merck & Co., Inc. 4.50% 5/17/2033  | 35 | 35 |
| Merck & Co., Inc. 4.90% 5/17/2044  | 35 | 33 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(i)</sup>  | 290 | 285 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(i)</sup>  | 40 | 36 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(i)</sup>  | 105 | 67 |
| Pfizer Investment Enterprises Pte., Ltd. 4.65% 5/19/2030  | 10 | 10 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 23 | 23 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 17 | 16 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 362 | 366 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 600 | 661 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 89 | 67 |
|  |  | 6025 |
| **Communication services 0.34%** |  |  |
| Alphabet, Inc. 4.375% 11/15/2032  | 22 | 22 |
| Alphabet, Inc. 4.70% 11/15/2035  | 28 | 28 |
| America Movil, SAB de CV, 8.46% 12/18/2036  | MXN1,300 | 65 |
| AT&T, Inc. 3.50% 6/1/2041  | USD75 | 59 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(i)</sup>  | 25 | 23 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(i)</sup>  | 655 | 558 |
| Charter Communications Operating, LLC 6.10% 6/1/2029  | 41 | 43 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 17 | 17 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 10 | 10 |
| Discovery Communications, LLC 3.625% 5/15/2030  | 42 | 37 |
| EchoStar Corp. 10.75% 11/30/2029  | 64 | 71 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(k)</sup>  | 313 | 321 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(i)</sup>  | 195 | 203 |
| Meta Platforms, Inc. 4.30% 8/15/2029  | 40 | 40 |
| Meta Platforms, Inc. 4.75% 8/15/2034  | 53 | 53 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 325 | 325 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 134 | 130 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 29 | 27 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 287 | 276 |
| Meta Platforms, Inc. 5.55% 8/15/2064  | 40 | 37 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 138 | 132 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(i)</sup>  | 253 | 248 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(i)</sup>  | 780 | 763 |
| TEGNA, Inc. 5.00% 9/15/2029  | 360 | 357 |
| T-Mobile USA, Inc. 3.875% 4/15/2030  | 625 | 615 |
| T-Mobile USA, Inc. 2.55% 2/15/2031  | 203 | 185 |
| T-Mobile USA, Inc. 6.00% 6/15/2054  | 69 | 70 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(i)</sup>  | 340 | 347 |
| Verizon Communications, Inc. 1.75% 1/20/2031  | 142 | 125 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 250 | 232 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 374 | 264 |
|  |  | 5683 |
| **Industrials 0.26%** |  |  |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(i)</sup>  | 200 | 207 |
| Boeing Co. (The) 2.75% 2/1/2026  | 91 | 91 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **84** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** |  |  |
| Boeing Co. (The) 6.259% 5/1/2027  | USD376 | $386 |
| Boeing Co. (The) 6.298% 5/1/2029  | 12 | 13 |
| Boeing Co. (The) 3.625% 2/1/2031  | 178 | 171 |
| Boeing Co. (The) 6.388% 5/1/2031  | 92 | 100 |
| Boeing Co. (The) 6.528% 5/1/2034  | 1291 | 1429 |
| Boeing Co. (The) 5.805% 5/1/2050  | 136 | 134 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 25 | 19 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 80 | 53 |
| CSX Corp. 4.75% 11/15/2048  | 50 | 45 |
| CSX Corp. 4.50% 11/15/2052  | 35 | 30 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(i)</sup>  | 430 | 455 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(i)</sup>  | 90 | 95 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 440 | 434 |
| L3Harris Technologies, Inc. 5.60% 7/31/2053  | 13 | 13 |
| L3Harris Technologies, Inc. 5.40% 7/31/2033  | 15 | 16 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(i)</sup>  | 55 | 54 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 51 | 49 |
| Northrop Grumman Corp. 4.95% 3/15/2053  | 21 | 19 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(i)</sup>  | 190 | 199 |
| Republic Services, Inc. 5.00% 4/1/2034  | 13 | 13 |
| RTX Corp. 6.00% 3/15/2031  | 35 | 38 |
| RTX Corp. 6.10% 3/15/2034  | 27 | 29 |
| RTX Corp. 6.40% 3/15/2054  | 22 | 24 |
| Union Pacific Corp. 2.80% 2/14/2032  | 17 | 16 |
| Union Pacific Corp. 3.50% 2/14/2053  | 20 | 14 |
| Waste Management, Inc. 4.625% 2/15/2030  | 60 | 61 |
| Waste Management, Inc. 4.95% 3/15/2035  | 16 | 16 |
| Waste Management, Inc. 5.35% 10/15/2054  | 25 | 24 |
|  |  | 4247 |
| **Consumer discretionary 0.25%** |  |  |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 8 | 7 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 7 | 6 |
| Amazon.com, Inc. 4.65% 11/20/2035  | 34 | 34 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 155 | 151 |
| Amazon.com, Inc. 5.55% 11/20/2065  | 70 | 68 |
| BMW US Capital, LLC 4.15% 4/9/2030 <sup>(i)</sup>  | 290 | 288 |
| BMW US Capital, LLC 3.70% 4/1/2032 <sup>(i)</sup>  | 25 | 24 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(i)</sup>  | 310 | 319 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(i)</sup>  | 175 | 181 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 306 | 303 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 604 | 607 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 622 | 637 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 200 | 210 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 970 | 916 |
| General Motors Financial Co., Inc. 5.45% 9/6/2034  | 11 | 11 |
| General Motors Financial Co., Inc. 6.15% 7/15/2035  | 16 | 17 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(i)</sup>  | 55 | 56 |
| McDonald's Corp. 5.15% 9/9/2052  | 10 | 9 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 160 | 157 |
| Nissan Motor Acceptance Co., LLC 6.125% 9/30/2030 <sup>(i)</sup>  | 150 | 150 |
|  |  | 4151 |
| **Information technology 0.23%** |  |  |
| Broadcom, Inc. 5.05% 7/12/2027  | 40 | 41 |
| Broadcom, Inc. 4.00% 4/15/2029 <sup>(i)</sup>  | 3 | 3 |
| Broadcom, Inc. 5.05% 7/12/2029  | 45 | 46 |

---

---

| | |
|:---|:---|
| **85** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Information technology (continued)** |  |  |
| Broadcom, Inc. 5.15% 11/15/2031  | USD104 | $108 |
| Broadcom, Inc. 4.15% 4/15/2032 <sup>(i)</sup>  | 11 | 11 |
| Broadcom, Inc. 4.80% 10/15/2034  | 12 | 12 |
| Broadcom, Inc. 3.137% 11/15/2035 <sup>(i)</sup>  | 2 | 2 |
| Cisco Systems, Inc. 4.95% 2/26/2031  | 11 | 11 |
| Cisco Systems, Inc. 5.05% 2/26/2034  | 4 | 4 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 14 | 14 |
| Cisco Systems, Inc. 5.30% 2/26/2054  | 8 | 8 |
| Cisco Systems, Inc. 5.35% 2/26/2064  | 11 | 10 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(i)</sup>  | 200 | 209 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(i)</sup>  | 250 | 267 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(i)</sup>  | 100 | 103 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 832 | 796 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 58 | 53 |
| Intel Corp. 3.05% 8/12/2051  | 10 | 6 |
| Intel Corp. 5.60% 2/21/2054  | 42 | 39 |
| Intel Corp. 3.10% 2/15/2060  | 110 | 62 |
| Oracle Corp. 4.80% 9/26/2032  | 55 | 53 |
| Oracle Corp. 5.50% 8/3/2035  | 18 | 18 |
| Oracle Corp. 5.20% 9/26/2035  | 405 | 388 |
| Oracle Corp. 5.875% 9/26/2045  | 40 | 36 |
| Oracle Corp. 6.00% 8/3/2055  | 110 | 97 |
| Oracle Corp. 5.95% 9/26/2055  | 95 | 84 |
| Oracle Corp. 6.10% 9/26/2065  | 40 | 35 |
| Synopsys, Inc. 4.65% 4/1/2028  | 40 | 41 |
| Synopsys, Inc. 4.85% 4/1/2030  | 40 | 41 |
| Synopsys, Inc. 5.00% 4/1/2032  | 40 | 41 |
| Synopsys, Inc. 5.15% 4/1/2035  | 780 | 793 |
| Synopsys, Inc. 5.70% 4/1/2055  | 380 | 377 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(i)</sup>  | 75 | 77 |
|  |  | 3886 |
| **Energy 0.23%** |  |  |
| APA Corp. 4.25% 1/15/2030  | 385 | 379 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(i)</sup>  | 300 | 302 |
| Cenovus Energy, Inc. 5.40% 6/15/2047  | 44 | 40 |
| Columbia Pipelines Operating Co., LLC 5.927% 8/15/2030 <sup>(i)</sup>  | 9 | 10 |
| ConocoPhillips Co. 5.50% 1/15/2055  | 50 | 48 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(i)</sup>  | 270 | 256 |
| Energy Transfer, LP 6.10% 12/1/2028  | 41 | 43 |
| Energy Transfer, LP 5.25% 7/1/2029  | 23 | 24 |
| Energy Transfer, LP 6.40% 12/1/2030  | 34 | 37 |
| Enterprise Products Operating, LLC 4.95% 2/15/2035  | 6 | 6 |
| EOG Resources, Inc. 5.95% 7/15/2055  | 110 | 112 |
| Equinor ASA 2.375% 5/22/2030  | 365 | 340 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 210 | 151 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(i)</sup>  | 35 | 36 |
| Hilcorp Energy I, LP 6.875% 5/15/2034 <sup>(i)</sup>  | 400 | 375 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(i)(l)</sup>  | 148 | 43 |
| Occidental Petroleum Corp. 5.55% 10/1/2034  | 124 | 127 |
| Petroleos Mexicanos 6.50% 1/23/2029  | 20 | 20 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 177 | 189 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 300 | 305 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(i)</sup>  | 20 | 20 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(i)</sup>  | 20 | 20 |
| TotalEnergies Capital SA 4.724% 9/10/2034  | 17 | 17 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(i)</sup>  | 595 | 542 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **86** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(i)</sup>  | USD195 | $200 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(i)</sup>  | 100 | 102 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(i)</sup>  | 75 | 82 |
|  |  | 3826 |
| **Utilities 0.21%** |  |  |
| AEP Transmission Co., LLC 2.75% 8/15/2051  | 50 | 31 |
| DTE Energy Co. 3.00% 3/1/2032  | 42 | 39 |
| Duke Energy Florida, LLC 5.95% 11/15/2052  | 25 | 26 |
| Edison International 4.125% 3/15/2028  | 132 | 131 |
| Edison International 5.45% 6/15/2029  | 100 | 102 |
| Edison International 5.25% 3/15/2032  | 389 | 389 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate <br>T Note Constant Maturity + 5.411% on 6/15/2033) <sup>(i)(j)</sup>  | 200 | 233 |
| FirstEnergy Corp. 2.65% 3/1/2030  | 393 | 367 |
| FirstEnergy Corp. 2.25% 9/1/2030  | 107 | 97 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 35 | 36 |
| NiSource, Inc. 5.40% 6/30/2033  | 25 | 26 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 97 | 97 |
| Pacific Gas and Electric Co. 3.75% 7/1/2028  | 105 | 104 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 284 | 286 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 375 | 338 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 50 | 54 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 377 | 388 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 162 | 137 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 256 | 173 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 25 | 24 |
| PacifiCorp 5.50% 5/15/2054  | 95 | 85 |
| PacifiCorp 5.80% 1/15/2055  | 25 | 23 |
| Southern California Edison Co. 5.20% 6/1/2034  | 40 | 40 |
| Southern California Edison Co. 3.60% 2/1/2045  | 206 | 149 |
| Southern California Edison Co. 5.90% 3/1/2055  | 30 | 29 |
| Union Electric Co. 3.90% 4/1/2052  | 25 | 19 |
| WEC Energy Group, Inc. 5.15% 10/1/2027  | 25 | 26 |
|  |  | 3449 |
| **Real estate 0.18%** |  |  |
| American Tower Corp. 4.05% 3/15/2032  | 11 | 11 |
| Boston Properties, LP 2.45% 10/1/2033  | 7 | 6 |
| Boston Properties, LP 6.50% 1/15/2034  | 38 | 41 |
| Boston Properties, LP 5.75% 1/15/2035  | 95 | 98 |
| Crown Castle, Inc. 5.00% 1/11/2028  | 54 | 55 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(i)</sup>  | 530 | 505 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 550 | 518 |
| Ladder Capital Finance Holdings LLLP 7.00% 7/15/2031 <sup>(i)</sup>  | 20 | 21 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 475 | 460 |
| Piedmont Operating Partnership, LP 5.625% 1/15/2033  | 99 | 100 |
| Prologis, LP 5.00% 3/15/2034  | 40 | 41 |
| Service Properties Trust 0% 9/30/2027 <sup>(i)</sup>  | 45 | 41 |
| Service Properties Trust 3.95% 1/15/2028  | 480 | 453 |
| Service Properties Trust 8.375% 6/15/2029  | 680 | 684 |
|  |  | 3034 |
| **Consumer staples 0.17%** |  |  |
| Altria Group, Inc. 4.875% 2/4/2028  | 13 | 13 |
| Altria Group, Inc. 5.25% 8/6/2035  | 48 | 49 |

---

---

| | |
|:---|:---|
| **87** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer staples (continued)** |  |  |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(i)</sup>  | USD260 | $256 |
| BAT Capital Corp. 6.343% 8/2/2030  | 9 | 10 |
| BAT Capital Corp. 5.35% 8/15/2032  | 413 | 430 |
| BAT Capital Corp. 6.421% 8/2/2033  | 38 | 42 |
| BAT Capital Corp. 7.079% 8/2/2043  | 31 | 35 |
| BAT Capital Corp. 4.54% 8/15/2047  | 55 | 46 |
| BAT Capital Corp. 4.758% 9/6/2049  | 121 | 102 |
| BAT Capital Corp. 7.081% 8/2/2053  | 69 | 78 |
| BAT International Finance PLC 4.448% 3/16/2028  | 150 | 151 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(i)</sup>  | 119 | 120 |
| H.J. Heinz Co. 4.875% 10/1/2049  | 235 | 202 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(i)</sup>  | 25 | 26 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(i)</sup>  | 165 | 170 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(i)</sup>  | 71 | 72 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(i)</sup>  | 145 | 144 |
| Mars, Inc. 5.80% 5/1/2065 <sup>(i)</sup>  | 24 | 24 |
| Mondelez International, Inc. 4.75% 8/28/2034  | 127 | 127 |
| Philip Morris International, Inc. 5.125% 11/17/2027  | 43 | 44 |
| Philip Morris International, Inc. 5.625% 11/17/2029  | 23 | 24 |
| Philip Morris International, Inc. 5.125% 2/15/2030  | 56 | 58 |
| Philip Morris International, Inc. 5.50% 9/7/2030  | 70 | 74 |
| Philip Morris International, Inc. 5.75% 11/17/2032  | 16 | 17 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 55 | 57 |
| Philip Morris International, Inc. 5.625% 9/7/2033  | 30 | 32 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 90 | 91 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(i)</sup>  | 330 | 334 |
|  |  | 2828 |
| **Materials 0.12%** |  |  |
| BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026  | 35 | 35 |
| BHP Billiton Finance (USA), Ltd. 4.75% 2/28/2028  | 35 | 36 |
| BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033  | 16 | 16 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 7 | 7 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 60 | 61 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 36 | 38 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 27 | 29 |
| Celanese US Holdings, LLC 6.879% 7/15/2032  | 10 | 10 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 23 | 24 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(i)</sup>  | 545 | 575 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(i)</sup>  | 40 | 42 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 <sup>(i)</sup>  | 750 | 488 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 7 | 7 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 4 | 4 |
| Dow Chemical Co. (The) 5.55% 11/30/2048  | 15 | 13 |
| Dow Chemical Co. (The) 3.60% 11/15/2050  | 75 | 49 |
| Dow Chemical Co. (The) 6.90% 5/15/2053  | 6 | 6 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 63 | 55 |
| LYB International Finance III, LLC 5.125% 1/15/2031  | 2 | 2 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 5 | 5 |
| LYB International Finance III, LLC 5.875% 1/15/2036  | 32 | 32 |
| LYB International Finance III, LLC 3.625% 4/1/2051  | 102 | 66 |
| NOVA Chemicals Corp. 8.50% 11/15/2028 <sup>(i)</sup>  | 10 | 11 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(i)</sup>  | 325 | 318 |
|  |  | 1929 |
| **Total corporate bonds and notes** |  | 47200 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **88** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations 0.73%** | **Asset-backed obligations 0.73%** | **Asset-backed obligations 0.73%** |
| **Other asset-backed securities 0.39%** |  |  |
| ACHD Trust, Series 2025-DS1, Class A, 5.978% 1/9/2034 <sup>(f)(i)</sup>  | USD100 | $100 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(f)(i)</sup>  | 215 | 215 |
| Auxilior Term Funding, LLC, Series 2024-1, Class A2, 5.84% 3/15/2027 <sup>(f)(i)</sup>  | 61 | 61 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-2, Class A2, 5.19% 7/21/2031 <sup>(f)(i)</sup>  | 277 | 281 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(f)(i)</sup>  | 42 | 43 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(f)(i)</sup>  | 554 | 565 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(f)(i)</sup>  | 347 | 294 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(f)(i)</sup>  | 86 | 73 |
| CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/2060 <sup>(f)(i)</sup>  | 90 | 57 |
| CF Hippolyta, LLC, Series 2020-1, Class B2, 2.60% 7/15/2060 <sup>(f)(i)</sup>  | 90 | 58 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(f)(i)</sup>  | 312 | 254 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(f)(i)</sup>  | 483 | 477 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(f)(i)</sup>  | 181 | 182 |
| EquipmentShare, Series 2024-2M, Class B, 6.43% 12/20/2032 <sup>(f)(i)</sup>  | 134 | 135 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(f)(i)</sup>  | 322 | 309 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(f)(i)</sup>  | 60 | 56 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 <sup>(f)(i)</sup>  | 73 | 72 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(f)(i)</sup>  | 278 | 267 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(f)(i)</sup>  | 354 | 359 |
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(f)(i)</sup>  | 138 | 139 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(f)(i)</sup>  | 935 | 783 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(f)(i)</sup>  | 315 | 317 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(f)(i)</sup>  | 100 | 101 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(f)(i)</sup>  | 127 | 128 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031 <sup>(f)(i)</sup>  | 20 | 19 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(f)(i)</sup>  | 85 | 85 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(f)(i)</sup>  | 139 | 141 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(f)(i)</sup>  | 175 | 176 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(f)(i)</sup>  | 175 | 176 |
| Post Road Equipment Finance, Series 2024-1, Class A2, 5.59% 11/15/2029 <sup>(f)(i)</sup>  | 45 | 46 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(f)(i)</sup>  | 94 | 94 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029 <sup>(f)(i)</sup>  | 28 | 28 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(f)(i)</sup>  | 72 | 70 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(f)(i)</sup>  | 189 | 190 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(f)(i)</sup>  | 69 | 70 |
|  |  | 6421 |
| **Auto loan 0.27%** |  |  |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(f)(i)</sup>  | 66 | 66 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(f)(i)</sup>  | 33 | 33 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(f)(i)</sup>  | 339 | 353 |
| CPS Auto Receivables Trust, Series 2024-C, Class B, 5.68% 12/15/2028 <sup>(f)(i)</sup>  | 497 | 499 |
| Drive Auto Receivables Trust, Series 2024-2, Class A2, 4.94% 12/15/2027 <sup>(f)</sup>  | 11 | 11 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(f)(i)</sup>  | 185 | 185 |
| Enterprise Fleet Financing, LLC, Series 2024-4, Class A2, 4.69% 7/20/2027 <sup>(f)(i)</sup>  | 150 | 151 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A2, 5.23% 3/20/2030 <sup>(f)(i)</sup>  | 273 | 275 |
| Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/2035 <sup>(f)(i)</sup>  | 176 | 180 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(f)(i)</sup>  | 181 | 187 |
| Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/2028 <sup>(f)(i)</sup>  | 188 | 189 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(f)(i)</sup>  | 65 | 65 |
| GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/2035 <sup>(f)(i)</sup>  | 285 | 293 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035 <sup>(f)(i)</sup>  | 184 | 191 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2023-2, Class A3, 4.47% 2/16/2028 <sup>(f)</sup>  | 10 | 10 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2023-2, Class A4, 4.43% 10/16/2028 <sup>(f)</sup>  | 48 | 48 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(f)(i)</sup>  | 268 | 263 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(f)(i)</sup>  | 100 | 98 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(f)(i)</sup>  | 100 | 98 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(f)(i)</sup>  | 187 | 191 |

---

---

| | |
|:---|:---|
| **89** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** |  |  |
| Hyundai Auto Receivables Trust, Series 2023-A, Class A3, 4.58% 4/15/2027 <sup>(f)</sup>  | USD5 | $5 |
| Hyundai Auto Receivables Trust, Series 2023-A, Class A4, 4.48% 7/17/2028 <sup>(f)</sup>  | 28 | 28 |
| Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/2034 <sup>(f)(i)</sup>  | 335 | 334 |
| Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(f)(i)</sup>  | 632 | 639 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(f)(i)</sup>  | 188 | 190 |
|  |  | 4582 |
| **Credit card 0.04%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(f)(i)</sup>  | 400 | 401 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(f)(i)</sup>  | 246 | 248 |
|  |  | 649 |
| **Student loan 0.03%** |  |  |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(f)(i)</sup>  | 23 | 21 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(f)(i)</sup>  | 42 | 39 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(f)(i)</sup>  | 94 | 89 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(f)(i)</sup>  | 188 | 178 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.588% <br> 4/20/2062 <sup>(f)(g)(i)</sup>  | 98 | 98 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(f)(i)</sup>  | 39 | 35 |
|  |  | 460 |
| **Total asset-backed obligations** |  | 12112 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.05%** | **Bonds & notes of governments & government agencies outside the U.S. 0.05%** | **Bonds & notes of governments & government agencies outside the U.S. 0.05%** |
| **Mexico 0.03%** |  |  |
| United Mexican States 3.25% 4/16/2030  | 200 | 189 |
| United Mexican States 7.375% 5/13/2055  | 245 | 265 |
|  |  | 454 |
| **Saudi Arabia 0.01%** |  |  |
| Saudi Arabia (Kingdom of) 3.625% 3/4/2028  | 200 | 198 |
| **Peru 0.01%** |  |  |
| Peru (Republic of) 2.783% 1/23/2031  | 190 | 176 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 828 |
| **Municipals 0.02%** | **Municipals 0.02%** | **Municipals 0.02%** |
| **Illinois 0.01%** |  |  |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 196 | 201 |
| **Massachusetts 0.01%** |  |  |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049  | 135 | 140 |
| **Total municipals** |  | 341 |
| **Loans 0.02%** | **Loans 0.02%** | **Loans 0.02%** |
| **Financials 0.02%** |  |  |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% <br> 11/17/2029 <sup>(b)(g)(i)(m)</sup>  | 221 | 220 |
| **Total bonds, notes & other debt instruments** (cost: $243,321,000) |  | 242696 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **90** |

---

------

Capital Income Builder (continued)

---

| | | |
|:---|:---|:---|
| Investment funds 2.29% | Shares | Value<br> (000)<br>|
| Capital Group Central Corporate Bond Fund <sup>(n)</sup>  | 4482146 | $38098 |
| **Total investment funds** (cost: $40,853,000) |  | 38098 |
| Short-term securities 5.53% |  |  |
| **Money market investments 4.90%** | **Money market investments 4.90%** | **Money market investments 4.90%** |
| Capital Group Central Cash Fund 3.79% <sup>(n)(o)</sup>  | 814073 | 81415 |
| **Money market investments purchased with collateral from securities on loan 0.63%** | **Money market investments purchased with collateral from securities on loan 0.63%** | **Money market investments purchased with collateral from securities on loan 0.63%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(o)(p)</sup>  | 10408626 | 10409 |
| **Total short-term securities** (cost: $91,803,000) |  | 91824 |
| **Total investment securities 100.57%** (cost: $1,246,392,000) |  | 1669897 |
| Other assets less liabilities (0.57)% |  | (9521)<br>|
| **Net assets 100.00%** |  | $1660376 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 389 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD81,219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(17)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 251 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (61)<br>|
| 10 Year U.S. Treasury Note Futures | Short | 21 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2361)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 40 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4601)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| 20 Year U.S. Treasury Bond Futures | Long | 32 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (41)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 99 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (196)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(279)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| 3.16% | At maturity | U.S. Urban CPI | At maturity | &nbsp;&nbsp;&nbsp; 6/23/2026 | &nbsp;&nbsp;&nbsp; USD350 | &nbsp;&nbsp;&nbsp; $1 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1 |
| U.S. Urban CPI | At maturity | 3.17% | At maturity | &nbsp;&nbsp;&nbsp; 6/23/2026 | &nbsp;&nbsp;&nbsp; USD338 | &nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1)<br>|
| SOFR | Annual | 3.055% | Annual | &nbsp;&nbsp;&nbsp; 4/6/2031 | &nbsp;&nbsp;&nbsp; USD6,700 | &nbsp;&nbsp;&nbsp; 139 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 139 |
| SOFR | Annual | 4.1275% | Annual | &nbsp;&nbsp;&nbsp; 7/27/2050 | &nbsp;&nbsp;&nbsp; USD310 | &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3 |
| SOFR | Annual | 2.91% | Annual | &nbsp;&nbsp;&nbsp; 9/18/2050 | &nbsp;&nbsp;&nbsp; USD592 | &nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 118 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; $260 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $260 |

---

---

| | |
|:---|:---|
| **91** | American Funds Insurance Series |

---

------

Capital Income Builder (continued)

**Swap contracts** (continued)

------

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(q)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <sup>(r)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD5,044 | &nbsp;&nbsp;&nbsp;&nbsp; $114 | &nbsp;&nbsp;&nbsp;&nbsp; $116 | &nbsp;&nbsp;&nbsp;&nbsp; $(2)<br>|

---

**Investments in affiliates** <sup>(n)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Investment funds 2.29%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund  | $30920 | &nbsp;&nbsp; $6389 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $789 | &nbsp;&nbsp; $38098 | &nbsp;&nbsp; $1550 |
| **Short-term securities 4.90%** |  |  |  |  |  |  |  |
| **Money market investments 4.90%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(o)</sup>  | 60575 | &nbsp;&nbsp; 370953 | &nbsp;&nbsp; 350129 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; — | &nbsp;&nbsp; 81415 | &nbsp;&nbsp; 4186 |
| **Total 7.19%** |  |  |  | &nbsp;&nbsp; $16 | &nbsp;&nbsp; $789 | &nbsp;&nbsp; $119513 | &nbsp;&nbsp; $5736 |

---

<sup>(a)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Amount less than one thousand.

<sup>(d)</sup> Non-income producing.

<sup>(e)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,717,000, which represented 0.10% of the net assets of the fund. 

<sup>(f)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(g)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(h)</sup> Represents securities transacted on a TBA basis.

<sup>(i)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $38,579,000, which represented 2.32% of the net assets of the fund. 

<sup>(j)</sup> Step bond; coupon rate may change at a later date.

<sup>(k)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(l)</sup> Scheduled interest and/or principal payment was not received.

<sup>(m)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $219,000, which represented 0.01% of the net assets of the fund. 

<sup>(n)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(o)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(p)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(q)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(r)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| Assn. = Association |
| Auth. = Authority |
| CAD = Canadian dollars |
| CME = CME Group |
| CPI = Consumer Price Index |

---

---

| |
|:---|
| EUR = Euros |
| Fncg. = Financing |
| GBP = British pounds |
| GO = General Obligation |
| ICE = Intercontinental Exchange, Inc. |
| MXN = Mexican pesos |

---

---

| |
|:---|
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **92** |

---

------

Asset Allocation Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 65.21% | Shares | Value<br> (000)<br>|
| **Information technology 17.87%** |  |  |
| Broadcom, Inc.  | 3822547 | $1322984 |
| Microsoft Corp.  | 2068123 | 1000186 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 2399280 | 729117 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 2384000 | 116467 |
| NVIDIA Corp.  | 2011419 | 375130 |
| Apple, Inc.  | 1295354 | 352155 |
| Micron Technology, Inc.  | 764060 | 218070 |
| Intel Corp. <sup>(a)</sup>  | 5553952 | 204941 |
| Salesforce, Inc.  | 503780 | 133456 |
| International Business Machines Corp.  | 427285 | 126566 |
| ASML Holding NV (ADR)  | 93894 | 100453 |
| KLA Corp.  | 77592 | 94280 |
| Hewlett Packard Enterprise Co.  | 2023462 | 48604 |
| Strategy, Inc., Class A <sup>(a)</sup>  | 295563 | 44911 |
| Diebold Nixdorf, Inc. <sup>(a)</sup>  | 532940 | 36181 |
| Adobe, Inc. <sup>(a)</sup>  | 62600 | 21909 |
| Applied Materials, Inc.  | 79781 | 20503 |
|  |  | 4945913 |
| **Financials 10.49%** |  |  |
| Apollo Asset Management, Inc.  | 1920083 | 277951 |
| Arthur J. Gallagher & Co.  | 854008 | 221009 |
| Mastercard, Inc., Class A  | 361601 | 206431 |
| Synchrony Financial  | 2440754 | 203632 |
| Aon PLC, Class A  | 569972 | 201132 |
| Visa, Inc., Class A  | 553014 | 193948 |
| Bank of America Corp.  | 3142147 | 172818 |
| Capital One Financial Corp.  | 702338 | 170219 |
| Blue Owl Capital, Inc., Class A <sup>(b)</sup>  | 9813216 | 146609 |
| Ares Management Corp., Class A  | 845012 | 136579 |
| American Express Co.  | 337999 | 125043 |
| Wells Fargo & Co.  | 1334032 | 124332 |
| JPMorgan Chase & Co.  | 295492 | 95213 |
| Fiserv, Inc. <sup>(a)</sup>  | 1269859 | 85296 |
| Brookfield Corp., Class A  | 1805226 | 82842 |
| Citigroup, Inc.  | 700000 | 81683 |
| Brown & Brown, Inc.  | 964468 | 76868 |
| Chubb, Ltd.  | 235906 | 73631 |
| Progressive Corp.  | 280641 | 63908 |
| Intercontinental Exchange, Inc.  | 374162 | 60599 |
| Blackstone, Inc.  | 320000 | 49325 |
| Kinsale Capital Group, Inc.  | 65779 | 25728 |
| Goldman Sachs Group, Inc.  | 24707 | 21717 |
| Figure Technology Solutions, Inc. <sup>(a)(b)</sup>  | 152555 | 6230 |
| Sberbank of Russia PJSC <sup>(c)</sup>  | 8880000 | — <br><sup>(d)</sup><br>|
|  |  | 2902743 |
| **Industrials 9.72%** |  |  |
| ATI, Inc. <sup>(a)</sup>  | 3475291 | 398824 |
| Boeing Co. (The) <sup>(a)</sup>  | 1355000 | 294198 |
| TransDigm Group, Inc.  | 160869 | 213932 |
| L3Harris Technologies, Inc.  | 644021 | 189065 |
| General Electric Co.  | 602503 | 185589 |
| Deere & Co.  | 377997 | 175984 |
| Parker-Hannifin Corp.  | 183536 | 161321 |
| Union Pacific Corp.  | 677572 | 156736 |
| Caterpillar, Inc.  | 190000 | 108845 |
| Safran SA  | 312100 | 108605 |
| United Rentals, Inc.  | 125193 | 101321 |

---

---

| | |
|:---|:---|
| **93** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Northrop Grumman Corp.  | 173106 | $98707 |
| GE Vernova, Inc.  | 150939 | 98649 |
| Ingersoll-Rand, Inc.  | 1177013 | 93243 |
| Quanta Services, Inc.  | 152260 | 64263 |
| Airbus SE, non-registered shares  | 230632 | 53496 |
| Trane Technologies PLC  | 137366 | 53463 |
| FTAI Aviation, Ltd.  | 249989 | 49210 |
| CSX Corp.  | 1000000 | 36250 |
| Copart, Inc. <sup>(a)</sup>  | 835833 | 32723 |
| Carrier Global Corp.  | 283011 | 14954 |
|  |  | 2689378 |
| **Health care 6.97%** |  |  |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 720148 | 326486 |
| Gilead Sciences, Inc.  | 1904140 | 233714 |
| Eli Lilly and Co.  | 186995 | 200960 |
| UnitedHealth Group, Inc.  | 596573 | 196935 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 405917 | 161413 |
| Amgen, Inc.  | 441538 | 144520 |
| Thermo Fisher Scientific, Inc.  | 217042 | 125765 |
| CVS Health Corp.  | 1451353 | 115179 |
| Illumina, Inc. <sup>(a)</sup>  | 699527 | 91750 |
| Abbott Laboratories  | 637270 | 79844 |
| Cooper Cos., Inc. <sup>(a)</sup>  | 889428 | 72897 |
| Johnson & Johnson  | 311733 | 64513 |
| AbbVie, Inc.  | 129914 | 29684 |
| Boston Scientific Corp. <sup>(a)</sup>  | 300752 | 28677 |
| Centene Corp. <sup>(a)</sup>  | 675000 | 27776 |
| Rotech Healthcare, Inc. <sup>(a)(c)(e)</sup>  | 184138 | 12613 |
| Medline, Inc., Class A <sup>(a)(b)</sup>  | 272900 | 11462 |
| Mallinckrodt PLC <sup>(a)</sup>  | 36079 | 3227 |
| Par Health, Inc. <sup>(a)(f)</sup>  | 36079 | 338 |
| Carbon Health Technologies, Inc., Class A <sup>(a)(c)</sup>  | 4955500 | 50 |
|  |  | 1927803 |
| **Consumer discretionary 5.73%** |  |  |
| Booking Holdings, Inc.  | 52599 | 281685 |
| Royal Caribbean Cruises, Ltd.  | 648815 | 180967 |
| Amazon.com, Inc. <sup>(a)</sup>  | 780642 | 180188 |
| Starbucks Corp.  | 1513090 | 127417 |
| D.R. Horton, Inc.  | 700917 | 100953 |
| NIKE, Inc., Class B  | 1525710 | 97203 |
| Carnival Corp.  | 2758206 | 84236 |
| Darden Restaurants, Inc.  | 424583 | 78132 |
| Compagnie Financiere Richemont SA, Class A  | 346887 | 74864 |
| Home Depot, Inc.  | 191765 | 65986 |
| Texas Roadhouse, Inc.  | 385658 | 64019 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 1692984 | 62640 |
| Tesla, Inc. <sup>(a)</sup>  | 94134 | 42334 |
| Hilton Worldwide Holdings, Inc.  | 122663 | 35235 |
| Toll Brothers, Inc.  | 246730 | 33363 |
| Restaurant Brands International, Inc.  | 461542 | 31491 |
| AutoZone, Inc. <sup>(a)</sup>  | 7013 | 23785 |
| YUM! Brands, Inc.  | 91381 | 13824 |
| DraftKings, Inc., Class A <sup>(a)</sup>  | 237954 | 8200 |
| Aimbridge Topco, LLC <sup>(a)(c)</sup>  | 10722 | 793 |
|  |  | 1587315 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **94** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication services 4.71%** |  |  |
| Alphabet, Inc., Class C  | 1147684 | $360143 |
| Alphabet, Inc., Class A  | 1068646 | 334486 |
| Meta Platforms, Inc., Class A  | 553906 | 365628 |
| Comcast Corp., Class A  | 6199119 | 185292 |
| Netflix, Inc. <sup>(a)</sup>  | 346997 | 32534 |
| Tencent Holdings, Ltd.  | 321500 | 24636 |
|  |  | 1302719 |
| **Materials 4.10%** |  |  |
| Royal Gold, Inc.  | 1301065 | 289214 |
| Wheaton Precious Metals Corp.  | 2388702 | 280720 |
| Franco-Nevada Corp. (CAD denominated)  | 1179377 | 244468 |
| Lundin Mining Corp.  | 7678233 | 165027 |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 3889750 | 104290 |
| Corteva, Inc.  | 466775 | 31288 |
| Air Products and Chemicals, Inc.  | 45664 | 11280 |
| Agnico Eagle Mines, Ltd.  | 56110 | 9515 |
| Venator Materials PLC <sup>(a)(c)</sup>  | 4096 | — <br><sup>(d)</sup><br>|
|  |  | 1135802 |
| **Consumer staples 3.48%** |  |  |
| Philip Morris International, Inc.  | 3615272 | 579890 |
| Constellation Brands, Inc., Class A  | 629955 | 86909 |
| Keurig Dr Pepper, Inc.  | 3042963 | 85233 |
| Nestle SA  | 617055 | 61331 |
| Costco Wholesale Corp.  | 69889 | 60268 |
| US Foods Holding Corp. <sup>(a)</sup>  | 514932 | 38785 |
| Estee Lauder Cos., Inc. (The), Class A  | 275858 | 28888 |
| Coca-Cola Co.  | 160431 | 11216 |
| Procter & Gamble Co.  | 75358 | 10799 |
|  |  | 963319 |
| **Utilities 1.01%** |  |  |
| Southern Co. (The)  | 1503479 | 131104 |
| DTE Energy Co.  | 848144 | 109394 |
| Vistra Corp.  | 144910 | 23378 |
| FirstEnergy Corp.  | 323684 | 14491 |
|  |  | 278367 |
| **Energy 0.92%** |  |  |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 3480603 | 117892 |
| ConocoPhillips  | 824000 | 77135 |
| EOG Resources, Inc.  | 222924 | 23409 |
| Halliburton Co.  | 593792 | 16781 |
| SLB, Ltd.  | 286500 | 10996 |
| Exxon Mobil Corp.  | 58185 | 7002 |
| Constellation Oil Services Holding SA (NDR) <sup>(a)</sup>  | 76004 | 897 |
| Altera Infrastructure, LP <sup>(c)</sup>  | 16129 | 655 |
| New Fortress Energy, Inc., Class A <sup>(a)</sup>  | 150315 | 171 |
| Expand Energy Corp.  | 636 | 70 |
|  |  | 255008 |

---

---

| | |
|:---|:---|
| **95** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Real estate 0.21%** |  |  |
| American Tower Corp. REIT  | 136942 | $24043 |
| Simon Property Group, Inc. REIT  | 114326 | 21163 |
| Crown Castle, Inc. REIT  | 134329 | 11938 |
|  |  | 57144 |
| **Total common stocks** (cost: $10,036,058,000) |  | 18045511 |
| Preferred securities 0.00% |  |  |
| **Industrials 0.00%** |  |  |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(a)(c)(f)</sup>  | 450 | 755 |
| **Total preferred securities** (cost: $465,000) |  | 755 |
| Rights & warrants 0.00% |  |  |
| **Energy 0.00%** |  |  |
| Expand Energy Corp., Class C, warrants, expire 2/9/2026 <sup>(a)</sup>  | 1201 | 119 |
| Constellation Oil Services Holding SA, Class D, warrants, expire 6/10/2071 <sup>(a)(c)</sup>  | 4 | — <br><sup>(d)</sup><br>|
| **Total rights & warrants** (cost: $875,000) |  | 119 |
| Convertible stocks 0.12% |  |  |
| **Industrials 0.07%** |  |  |
| Boeing Co., Series A, convertible preferred depositary shares, 6.00% 10/15/2027  | 262145 | 18104 |
| **Information technology 0.05%** |  |  |
| Strategy, Inc. 8.00% perpetual convertible preferred shares  | 189521 | 14926 |
| **Total convertible stocks** (cost: $30,331,000) |  | 33030 |
| Convertible bonds & notes 0.10% | Principal amount<br> (000)<br>|  |
| **Information technology 0.03%** |  |  |
| Macom Technology Solutions Holdings, convertible notes, 0.25% 3/15/2026  | USD1,529 | 3180 |
| Seagate HDD Cayman, convertible notes, 3.50% 6/1/2028  | 536 | 1803 |
| Terawulf, Inc., convertible notes, 1.00% 9/1/2031 <sup>(f)</sup>  | 1739 | 2060 |
| Western Digital Corp., convertible notes, 3.00% 11/15/2028  | 416 | 1908 |
|  |  | 8951 |
| **Communication services 0.02%** |  |  |
| EchoStar Corp., convertible notes, 3.875% Cash 11/30/2030 <sup>(g)</sup>  | 1290 | 4312 |
| Spotify USA, Inc., convertible notes, 0% 3/15/2026  | 1800 | 2048 |
|  |  | 6360 |
| **Real estate 0.02%** |  |  |
| Ventas Realty, LP, convertible notes, 3.75% 6/1/2026  | 1873 | 2649 |
| Welltower OP, LLC, convertible notes, 2.75% 5/15/2028 <sup>(f)</sup>  | 1422 | 2789 |
|  |  | 5438 |
| **Utilities 0.01%** |  |  |
| CenterPoint Energy, Inc., convertible notes, 3.00% 8/1/2028 <sup>(f)</sup>  | 2785 | 2822 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **96** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Convertible bonds & notes (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Health care 0.01%** |  |  |
| Halozyme Therapeutics, Inc. convertible notes, 1.00% 8/15/2028  | USD1,818 | $2417 |
| **Industrials 0.01%** |  |  |
| Axon Enterprise, Inc., convertible notes, 0.50% 12/15/2027  | 692 | 1743 |
| **Total convertible bonds & notes** (cost: $25,052,000) |  | 27731 |
| Bonds, notes & other debt instruments 28.07% |  |  |
| **Mortgage-backed obligations 10.22%** | **Mortgage-backed obligations 10.22%** | **Mortgage-backed obligations 10.22%** |
| **Federal agency mortgage-backed obligations 9.21%** |  |  |
| Fannie Mae Pool #AH6431 4.00% 2/1/2026 <sup>(h)</sup>  | 2 | 2 |
| Fannie Mae Pool #AH5618 4.00% 2/1/2026 <sup>(h)</sup>  | — <br><sup>(d)</sup><br>| — <br><sup>(d)</sup><br>|
| Fannie Mae Pool #890329 4.00% 4/1/2026 <sup>(h)</sup>  | — <br><sup>(d)</sup><br>| — <br><sup>(d)</sup><br>|
| Fannie Mae Pool #MA1109 4.00% 5/1/2027 <sup>(h)</sup>  | — <br><sup>(d)</sup><br>| — <br><sup>(d)</sup><br>|
| Fannie Mae Pool #MA3653 3.00% 3/1/2029 <sup>(h)</sup>  | 5 | 5 |
| Fannie Mae Pool #AL8347 4.00% 3/1/2029 <sup>(h)</sup>  | 2 | 2 |
| Fannie Mae Pool #254767 5.50% 6/1/2033 <sup>(h)</sup>  | 120 | 124 |
| Fannie Mae Pool #555956 5.50% 12/1/2033 <sup>(h)</sup>  | 76 | 78 |
| Fannie Mae Pool #BN1085 4.00% 1/1/2034 <sup>(h)</sup>  | 209 | 210 |
| Fannie Mae Pool #FM2499 2.50% 2/1/2035 <sup>(h)</sup>  | 221 | 211 |
| Fannie Mae Pool #929185 5.50% 1/1/2036 <sup>(h)</sup>  | 240 | 250 |
| Fannie Mae Pool #893641 6.00% 9/1/2036 <sup>(h)</sup>  | 475 | 503 |
| Fannie Mae Pool #893688 6.00% 10/1/2036 <sup>(h)</sup>  | 121 | 128 |
| Fannie Mae Pool #AS8554 3.00% 12/1/2036 <sup>(h)</sup>  | 3745 | 3567 |
| Fannie Mae Pool #907239 6.00% 12/1/2036 <sup>(h)</sup>  | 11 | 11 |
| Fannie Mae Pool #928031 6.00% 1/1/2037 <sup>(h)</sup>  | 39 | 42 |
| Fannie Mae Pool #888292 6.00% 3/1/2037 <sup>(h)</sup>  | 343 | 363 |
| Fannie Mae Pool #AD0249 5.50% 4/1/2037 <sup>(h)</sup>  | 62 | 64 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(h)</sup>  | 116 | 110 |
| Fannie Mae Pool #190379 5.50% 5/1/2037 <sup>(h)</sup>  | 37 | 38 |
| Fannie Mae Pool #924952 6.00% 8/1/2037 <sup>(h)</sup>  | 565 | 598 |
| Fannie Mae Pool #888637 6.00% 9/1/2037 <sup>(h)</sup>  | 7 | 7 |
| Fannie Mae Pool #995674 6.00% 5/1/2038 <sup>(h)</sup>  | 213 | 225 |
| Fannie Mae Pool #AD0119 6.00% 7/1/2038 <sup>(h)</sup>  | 663 | 703 |
| Fannie Mae Pool #995224 6.00% 9/1/2038 <sup>(h)</sup>  | 6 | 6 |
| Fannie Mae Pool #AE0021 6.00% 10/1/2038 <sup>(h)</sup>  | 208 | 221 |
| Fannie Mae Pool #AL7164 6.00% 10/1/2038 <sup>(h)</sup>  | 135 | 142 |
| Fannie Mae Pool #889983 6.00% 10/1/2038 <sup>(h)</sup>  | 12 | 13 |
| Fannie Mae Pool #AD0095 6.00% 11/1/2038 <sup>(h)</sup>  | 467 | 495 |
| Fannie Mae Pool #AB0538 6.00% 11/1/2038 <sup>(h)</sup>  | 65 | 68 |
| Fannie Mae Pool #995391 6.00% 11/1/2038 <sup>(h)</sup>  | 10 | 11 |
| Fannie Mae Pool #AD0833 6.00% 1/1/2039 <sup>(h)</sup>  | — <br><sup>(d)</sup><br>| — <br><sup>(d)</sup><br>|
| Fannie Mae Pool #AL0309 6.00% 1/1/2040 <sup>(h)</sup>  | 43 | 46 |
| Fannie Mae Pool #AL0013 6.00% 4/1/2040 <sup>(h)</sup>  | 128 | 136 |
| Fannie Mae Pool #AL7228 6.00% 4/1/2041 <sup>(h)</sup>  | 155 | 162 |
| Fannie Mae Pool #AB4536 6.00% 6/1/2041 <sup>(h)</sup>  | 324 | 342 |
| Fannie Mae Pool #MA4387 2.00% 7/1/2041 <sup>(h)</sup>  | 5259 | 4598 |
| Fannie Mae Pool #FS0305 1.50% 1/1/2042 <sup>(h)</sup>  | 16006 | 13515 |
| Fannie Mae Pool #AP2131 3.50% 8/1/2042 <sup>(h)</sup>  | 2339 | 2240 |
| Fannie Mae Pool #AU8813 4.00% 11/1/2043 <sup>(h)</sup>  | 1283 | 1254 |
| Fannie Mae Pool #AU9350 4.00% 11/1/2043 <sup>(h)</sup>  | 725 | 709 |
| Fannie Mae Pool #AU9348 4.00% 11/1/2043 <sup>(h)</sup>  | 690 | 675 |
| Fannie Mae Pool #AL8773 3.50% 2/1/2045 <sup>(h)</sup>  | 4040 | 3856 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(h)</sup>  | 6624 | 6291 |
| Fannie Mae Pool #AL8354 3.50% 10/1/2045 <sup>(h)</sup>  | 931 | 885 |
| Fannie Mae Pool #AL8522 3.50% 5/1/2046 <sup>(h)</sup>  | 2088 | 1982 |
| Fannie Mae Pool #BC7611 4.00% 5/1/2046 <sup>(h)</sup>  | 79 | 76 |
| Fannie Mae Pool #AS8310 3.00% 11/1/2046 <sup>(h)</sup>  | 273 | 251 |

---

---

| | |
|:---|:---|
| **97** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BD9307 4.00% 11/1/2046 <sup>(h)</sup>  | USD1,089 | $1053 |
| Fannie Mae Pool #BD9699 3.50% 12/1/2046 <sup>(h)</sup>  | 1207 | 1137 |
| Fannie Mae Pool #BE1290 3.50% 2/1/2047 <sup>(h)</sup>  | 1785 | 1685 |
| Fannie Mae Pool #BM1179 3.00% 4/1/2047 <sup>(h)</sup>  | 358 | 328 |
| Fannie Mae Pool #256975 7.00% 10/1/2047 <sup>(h)</sup>  | 2 | 2 |
| Fannie Mae Pool #CA0770 3.50% 11/1/2047 <sup>(h)</sup>  | 1182 | 1110 |
| Fannie Mae Pool #MA3211 4.00% 12/1/2047 <sup>(h)</sup>  | 1788 | 1734 |
| Fannie Mae Pool #MA3277 4.00% 2/1/2048 <sup>(h)</sup>  | 7 | 7 |
| Fannie Mae Pool #BK5255 4.00% 5/1/2048 <sup>(h)</sup>  | 8 | 7 |
| Fannie Mae Pool #FM3278 3.50% 11/1/2048 <sup>(h)</sup>  | 12659 | 11913 |
| Fannie Mae Pool #FM3280 3.50% 5/1/2049 <sup>(h)</sup>  | 1711 | 1626 |
| Fannie Mae Pool #CA4756 3.00% 12/1/2049 <sup>(h)</sup>  | 1341 | 1215 |
| Fannie Mae Pool #BN7443 2.50% 3/1/2050 <sup>(h)</sup>  | 30 | 26 |
| Fannie Mae Pool #CA5968 2.50% 6/1/2050 <sup>(h)</sup>  | 4327 | 3740 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(h)</sup>  | 414 | 351 |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(h)</sup>  | 298 | 253 |
| Fannie Mae Pool #CA6593 2.50% 8/1/2050 <sup>(h)</sup>  | 9745 | 8426 |
| Fannie Mae Pool #CA6987 2.00% 9/1/2050 <sup>(h)</sup>  | 515 | 418 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(h)</sup>  | 286 | 256 |
| Fannie Mae Pool #CA7529 2.50% 10/1/2050 <sup>(h)</sup>  | 1134 | 960 |
| Fannie Mae Pool #BQ7589 2.00% 11/1/2050 <sup>(h)</sup>  | 2292 | 1856 |
| Fannie Mae Pool #CA7737 2.50% 11/1/2050 <sup>(h)</sup>  | 7872 | 6762 |
| Fannie Mae Pool #CA7599 2.50% 11/1/2050 <sup>(h)</sup>  | 1248 | 1082 |
| Fannie Mae Pool #CA7743 2.50% 11/1/2050 <sup>(h)</sup>  | 685 | 581 |
| Fannie Mae Pool #FM5309 2.50% 11/1/2050 <sup>(h)</sup>  | 38 | 33 |
| Fannie Mae Pool #FM4897 3.00% 11/1/2050 <sup>(h)</sup>  | 10867 | 9832 |
| Fannie Mae Pool #FM5218 2.00% 12/1/2050 <sup>(h)</sup>  | 3688 | 2993 |
| Fannie Mae Pool #BQ7646 2.00% 12/1/2050 <sup>(h)</sup>  | 1924 | 1559 |
| Fannie Mae Pool #BQ8497 2.00% 12/1/2050 <sup>(h)</sup>  | 1584 | 1285 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(h)</sup>  | 920 | 914 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(h)</sup>  | 4967 | 4057 |
| Fannie Mae Pool #BR1283 2.00% 1/1/2051 <sup>(h)</sup>  | 196 | 159 |
| Fannie Mae Pool #CA8513 2.50% 1/1/2051 <sup>(h)</sup>  | 1079 | 916 |
| Fannie Mae Pool #FS5929 2.50% 1/1/2051 <sup>(h)</sup>  | 759 | 643 |
| Fannie Mae Pool #FM5944 2.50% 1/1/2051 <sup>(h)</sup>  | 74 | 63 |
| Fannie Mae Pool #FS3550 2.50% 1/1/2051 <sup>(h)</sup>  | 28 | 23 |
| Fannie Mae Pool #BR3255 2.00% 2/1/2051 <sup>(h)</sup>  | 5851 | 4750 |
| Fannie Mae Pool #BR2689 2.00% 2/1/2051 <sup>(h)</sup>  | 1860 | 1506 |
| Fannie Mae Pool #FM5963 2.00% 2/1/2051 <sup>(h)</sup>  | 1806 | 1467 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(h)</sup>  | 328 | 265 |
| Fannie Mae Pool #CA8828 2.50% 2/1/2051 <sup>(h)</sup>  | 3067 | 2642 |
| Fannie Mae Pool #CA9289 2.50% 2/1/2051 <sup>(h)</sup>  | 370 | 314 |
| Fannie Mae Pool #CA8962 2.50% 2/1/2051 <sup>(h)</sup>  | 59 | 50 |
| Fannie Mae Pool #CB0290 2.00% 4/1/2051 <sup>(h)</sup>  | 3989 | 3253 |
| Fannie Mae Pool #FS1086 2.00% 4/1/2051 <sup>(h)</sup>  | 1708 | 1383 |
| Fannie Mae Pool #CA9494 2.50% 4/1/2051 <sup>(h)</sup>  | 93 | 79 |
| Fannie Mae Pool #FM7407 2.50% 4/1/2051 <sup>(h)</sup>  | 40 | 34 |
| Fannie Mae Pool #FM6810 3.00% 4/1/2051 <sup>(h)</sup>  | 5630 | 4987 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(h)</sup>  | 4366 | 3899 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(h)</sup>  | 529 | 473 |
| Fannie Mae Pool #FM7751 2.00% 5/1/2051 <sup>(h)</sup>  | 1943 | 1573 |
| Fannie Mae Pool #FM7411 2.00% 5/1/2051 <sup>(h)</sup>  | 1933 | 1565 |
| Fannie Mae Pool #FM7222 2.50% 5/1/2051 <sup>(h)</sup>  | 4751 | 4022 |
| Fannie Mae Pool #BR0999 2.50% 5/1/2051 <sup>(h)</sup>  | 1336 | 1131 |
| Fannie Mae Pool #FM7304 2.50% 5/1/2051 <sup>(h)</sup>  | 365 | 309 |
| Fannie Mae Pool #BR9324 2.50% 5/1/2051 <sup>(h)</sup>  | 227 | 192 |
| Fannie Mae Pool #FM7408 2.50% 5/1/2051 <sup>(h)</sup>  | 137 | 116 |
| Fannie Mae Pool #FM8114 2.00% 6/1/2051 <sup>(h)</sup>  | 2078 | 1682 |
| Fannie Mae Pool #CB0910 2.50% 6/1/2051 <sup>(h)</sup>  | 33828 | 28636 |
| Fannie Mae Pool #FM7740 2.50% 6/1/2051 <sup>(h)</sup>  | 9006 | 7624 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **98** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(h)</sup>  | USD397 | $354 |
| Fannie Mae Pool #MA4378 2.00% 7/1/2051 <sup>(h)</sup>  | 149 | 121 |
| Fannie Mae Pool #FM9530 2.50% 7/1/2051 <sup>(h)</sup>  | 1988 | 1683 |
| Fannie Mae Pool #CB1134 2.50% 7/1/2051 <sup>(h)</sup>  | 1226 | 1038 |
| Fannie Mae Pool #FM8203 2.50% 7/1/2051 <sup>(h)</sup>  | 942 | 798 |
| Fannie Mae Pool #FM8453 3.00% 8/1/2051 <sup>(h)</sup>  | 3723 | 3377 |
| Fannie Mae Pool #CB1304 3.00% 8/1/2051 <sup>(h)</sup>  | 67 | 59 |
| Fannie Mae Pool #BT7309 2.00% 9/1/2051 <sup>(h)</sup>  | 1898 | 1536 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(h)</sup>  | 3960 | 3365 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(h)</sup>  | 1498 | 1268 |
| Fannie Mae Pool #BT7263 2.50% 9/1/2051 <sup>(h)</sup>  | 655 | 556 |
| Fannie Mae Pool #BT4725 2.50% 9/1/2051 <sup>(h)</sup>  | 301 | 255 |
| Fannie Mae Pool #BU0341 2.50% 9/1/2051 <sup>(h)</sup>  | 197 | 167 |
| Fannie Mae Pool #BT9289 2.50% 9/1/2051 <sup>(h)</sup>  | 34 | 28 |
| Fannie Mae Pool #FS5125 2.50% 10/1/2051 <sup>(h)</sup>  | 1462 | 1237 |
| Fannie Mae Pool #CB1868 2.50% 10/1/2051 <sup>(h)</sup>  | 766 | 648 |
| Fannie Mae Pool #FS3298 2.50% 10/1/2051 <sup>(h)</sup>  | 516 | 438 |
| Fannie Mae Pool #BU2530 2.50% 10/1/2051 <sup>(h)</sup>  | 131 | 111 |
| Fannie Mae Pool #FM9335 2.50% 10/1/2051 <sup>(h)</sup>  | 86 | 73 |
| Fannie Mae Pool #BU0968 2.00% 11/1/2051 <sup>(h)</sup>  | 11198 | 9064 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(h)</sup>  | 7447 | 6051 |
| Fannie Mae Pool #BU1027 2.00% 11/1/2051 <sup>(h)</sup>  | 4515 | 3655 |
| Fannie Mae Pool #CB2092 2.50% 11/1/2051 <sup>(h)</sup>  | 2938 | 2487 |
| Fannie Mae Pool #BU2803 2.50% 11/1/2051 <sup>(h)</sup>  | 998 | 845 |
| Fannie Mae Pool #CB2078 3.00% 11/1/2051 <sup>(h)</sup>  | 7616 | 6799 |
| Fannie Mae Pool #MA4492 2.00% 12/1/2051 <sup>(h)</sup>  | 2352 | 1910 |
| Fannie Mae Pool #CB2361 2.00% 12/1/2051 <sup>(h)</sup>  | 174 | 141 |
| Fannie Mae Pool #FS2824 2.50% 12/1/2051 <sup>(h)</sup>  | 41191 | 34868 |
| Fannie Mae Pool #CB2286 2.50% 12/1/2051 <sup>(h)</sup>  | 13649 | 11740 |
| Fannie Mae Pool #CB2375 2.50% 12/1/2051 <sup>(h)</sup>  | 6406 | 5514 |
| Fannie Mae Pool #CB2319 2.50% 12/1/2051 <sup>(h)</sup>  | 155 | 133 |
| Fannie Mae Pool #BT9510 2.50% 12/1/2051 <sup>(h)</sup>  | 74 | 64 |
| Fannie Mae Pool #BT9483 2.50% 12/1/2051 <sup>(h)</sup>  | 74 | 64 |
| Fannie Mae Pool #CB2372 2.50% 12/1/2051 <sup>(h)</sup>  | 74 | 63 |
| Fannie Mae Pool #BQ7006 2.00% 1/1/2052 <sup>(h)</sup>  | 2869 | 2331 |
| Fannie Mae Pool #BU1450 2.00% 1/1/2052 <sup>(h)</sup>  | 1189 | 965 |
| Fannie Mae Pool #FS0235 2.50% 1/1/2052 <sup>(h)</sup>  | 7061 | 5977 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(h)</sup>  | 982 | 831 |
| Fannie Mae Pool #FP0038 2.50% 1/1/2052 <sup>(h)</sup>  | 713 | 605 |
| Fannie Mae Pool #FS0392 2.50% 1/1/2052 <sup>(h)</sup>  | 695 | 589 |
| Fannie Mae Pool #FS0174 2.50% 1/1/2052 <sup>(h)</sup>  | 405 | 343 |
| Fannie Mae Pool #MA4512 2.50% 1/1/2052 <sup>(h)</sup>  | 119 | 101 |
| Fannie Mae Pool #FS3549 2.50% 1/1/2052 <sup>(h)</sup>  | 63 | 53 |
| Fannie Mae Pool #FS2534 2.50% 1/1/2052 <sup>(h)</sup>  | 23 | 20 |
| Fannie Mae Pool #FS5613 2.50% 1/1/2052 <sup>(h)</sup>  | 22 | 18 |
| Fannie Mae Pool #FS0182 3.00% 1/1/2052 <sup>(h)</sup>  | 9435 | 8425 |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(h)</sup>  | 6414 | 5193 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(h)</sup>  | 4953 | 4020 |
| Fannie Mae Pool #BT1968 2.00% 2/1/2052 <sup>(h)</sup>  | 1800 | 1458 |
| Fannie Mae Pool #BV3083 2.00% 2/1/2052 <sup>(h)</sup>  | 963 | 780 |
| Fannie Mae Pool #FS2660 2.50% 2/1/2052 <sup>(h)</sup>  | 8024 | 6805 |
| Fannie Mae Pool #FS1080 2.50% 2/1/2052 <sup>(h)</sup>  | 1897 | 1606 |
| Fannie Mae Pool #CB3888 2.50% 2/1/2052 <sup>(h)</sup>  | 949 | 805 |
| Fannie Mae Pool #BV3674 2.50% 2/1/2052 <sup>(h)</sup>  | 675 | 574 |
| Fannie Mae Pool #FS1885 2.50% 2/1/2052 <sup>(h)</sup>  | 657 | 557 |
| Fannie Mae Pool #FS6380 2.50% 2/1/2052 <sup>(h)</sup>  | 548 | 465 |
| Fannie Mae Pool #BV2784 2.50% 2/1/2052 <sup>(h)</sup>  | 141 | 120 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(h)</sup>  | 51302 | 46443 |
| Fannie Mae Pool #CB2913 3.50% 2/1/2052 <sup>(h)</sup>  | 2077 | 1926 |
| Fannie Mae Pool #CB2912 3.50% 2/1/2052 <sup>(h)</sup>  | 38 | 35 |

---

---

| | |
|:---|:---|
| **99** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(h)</sup>  | USD2,845 | $2303 |
| Fannie Mae Pool #CB3040 2.00% 3/1/2052 <sup>(h)</sup>  | 2578 | 2092 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(h)</sup>  | 2382 | 1932 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(h)</sup>  | 1765 | 1432 |
| Fannie Mae Pool #BV4172 2.00% 3/1/2052 <sup>(h)</sup>  | 1261 | 1021 |
| Fannie Mae Pool #BV4169 2.00% 3/1/2052 <sup>(h)</sup>  | 1255 | 1016 |
| Fannie Mae Pool #FS1978 2.50% 3/1/2052 <sup>(h)</sup>  | 4296 | 3636 |
| Fannie Mae Pool #BV4173 2.50% 3/1/2052 <sup>(h)</sup>  | 786 | 669 |
| Fannie Mae Pool #CB3063 2.50% 3/1/2052 <sup>(h)</sup>  | 769 | 653 |
| Fannie Mae Pool #CB3031 2.50% 3/1/2052 <sup>(h)</sup>  | 611 | 520 |
| Fannie Mae Pool #BV4119 2.50% 3/1/2052 <sup>(h)</sup>  | 158 | 135 |
| Fannie Mae Pool #CB3744 2.50% 3/1/2052 <sup>(h)</sup>  | 24 | 20 |
| Fannie Mae Pool #FS0931 3.00% 3/1/2052 <sup>(h)</sup>  | 336 | 298 |
| Fannie Mae Pool #BV3799 3.50% 3/1/2052 <sup>(h)</sup>  | 40 | 37 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(h)</sup>  | 5722 | 4643 |
| Fannie Mae Pool #FS1598 2.00% 4/1/2052 <sup>(h)</sup>  | 2913 | 2363 |
| Fannie Mae Pool #CB3346 2.00% 4/1/2052 <sup>(h)</sup>  | 2069 | 1675 |
| Fannie Mae Pool #BV4182 2.50% 4/1/2052 <sup>(h)</sup>  | 871 | 741 |
| Fannie Mae Pool #BV5332 2.50% 4/1/2052 <sup>(h)</sup>  | 857 | 729 |
| Fannie Mae Pool #FS1749 2.50% 4/1/2052 <sup>(h)</sup>  | 856 | 728 |
| Fannie Mae Pool #BU9507 2.50% 4/1/2052 <sup>(h)</sup>  | 157 | 134 |
| Fannie Mae Pool #BV5370 2.50% 4/1/2052 <sup>(h)</sup>  | 134 | 114 |
| Fannie Mae Pool #BV6683 3.50% 4/1/2052 <sup>(h)</sup>  | 23 | 21 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(h)</sup>  | 615 | 587 |
| Fannie Mae Pool #FS9189 2.00% 5/1/2052 <sup>(h)</sup>  | 9376 | 7619 |
| Fannie Mae Pool #BT2353 2.00% 5/1/2052 <sup>(h)</sup>  | 998 | 808 |
| Fannie Mae Pool #BV9644 2.50% 5/1/2052 <sup>(h)</sup>  | 898 | 764 |
| Fannie Mae Pool #MA4598 2.50% 5/1/2052 <sup>(h)</sup>  | 836 | 711 |
| Fannie Mae Pool #BW2204 2.50% 5/1/2052 <sup>(h)</sup>  | 151 | 128 |
| Fannie Mae Pool #BW0462 2.50% 5/1/2052 <sup>(h)</sup>  | 151 | 128 |
| Fannie Mae Pool #BV8592 2.50% 5/1/2052 <sup>(h)</sup>  | 110 | 93 |
| Fannie Mae Pool #FS5033 2.50% 5/1/2052 <sup>(h)</sup>  | 40 | 34 |
| Fannie Mae Pool #BU8818 3.50% 5/1/2052 <sup>(h)</sup>  | 2584 | 2396 |
| Fannie Mae Pool #CB3597 3.50% 5/1/2052 <sup>(h)</sup>  | 44 | 41 |
| Fannie Mae Pool #FS7329 2.00% 6/1/2052 <sup>(h)</sup>  | 2335 | 1892 |
| Fannie Mae Pool #FS9860 2.00% 6/1/2052 <sup>(h)</sup>  | 1940 | 1571 |
| Fannie Mae Pool #FS6605 2.00% 6/1/2052 <sup>(h)</sup>  | 690 | 559 |
| Fannie Mae Pool #MA4623 2.50% 6/1/2052 <sup>(h)</sup>  | 1413 | 1202 |
| Fannie Mae Pool #FS6634 3.00% 6/1/2052 <sup>(h)</sup>  | 324 | 287 |
| Fannie Mae Pool #FS3546 3.50% 6/1/2052 <sup>(h)</sup>  | 38 | 35 |
| Fannie Mae Pool #MA4626 4.00% 6/1/2052 <sup>(h)</sup>  | 5004 | 4778 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(h)</sup>  | 1272 | 1214 |
| Fannie Mae Pool #BW2918 4.50% 6/1/2052 <sup>(h)</sup>  | 4482 | 4398 |
| Fannie Mae Pool #FS6986 2.00% 7/1/2052 <sup>(h)</sup>  | 4816 | 3904 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(h)</sup>  | 59903 | 50708 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(h)</sup>  | 14208 | 12049 |
| Fannie Mae Pool #FS6631 2.50% 7/1/2052 <sup>(h)</sup>  | 162 | 138 |
| Fannie Mae Pool #CB4315 3.00% 7/1/2052 <sup>(h)</sup>  | 99 | 88 |
| Fannie Mae Pool #CB4123 4.00% 7/1/2052 <sup>(h)</sup>  | 22 | 21 |
| Fannie Mae Pool #BV7912 2.50% 8/1/2052 <sup>(h)</sup>  | 154 | 131 |
| Fannie Mae Pool #BV8015 2.50% 8/1/2052 <sup>(h)</sup>  | 92 | 79 |
| Fannie Mae Pool #FA2841 3.00% 8/1/2052 <sup>(h)</sup>  | 2291 | 2029 |
| Fannie Mae Pool #BW1192 4.50% 9/1/2052 <sup>(h)</sup>  | 545 | 537 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(h)</sup>  | 862 | 868 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(h)</sup>  | 15984 | 12983 |
| Fannie Mae Pool #BX2841 4.00% 10/1/2052 <sup>(h)</sup>  | 15 | 14 |
| Fannie Mae Pool #CB4852 4.50% 10/1/2052 <sup>(h)</sup>  | 9021 | 8845 |
| Fannie Mae Pool #BX0097 4.50% 10/1/2052 <sup>(h)</sup>  | 832 | 817 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(h)</sup>  | 388 | 390 |
| Fannie Mae Pool #BX0463 4.00% 11/1/2052 <sup>(h)</sup>  | 866 | 826 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **100** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BW1299 4.00% 11/1/2052 <sup>(h)</sup>  | USD862 | $823 |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(h)</sup>  | 9335 | 9152 |
| Fannie Mae Pool #FS5554 4.50% 11/1/2052 <sup>(h)</sup>  | 2582 | 2534 |
| Fannie Mae Pool #CB5764 2.50% 12/1/2052 <sup>(h)</sup>  | 873 | 740 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(h)</sup>  | 2212 | 2255 |
| Fannie Mae Pool #BW5062 4.00% 1/1/2053 <sup>(h)</sup>  | 21 | 20 |
| Fannie Mae Pool #FS5520 4.50% 1/1/2053 <sup>(h)</sup>  | 2562 | 2512 |
| Fannie Mae Pool #BX3263 4.00% 2/1/2053 <sup>(h)</sup>  | 560 | 535 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(h)</sup>  | 907 | 921 |
| Fannie Mae Pool #FS8509 3.50% 3/1/2053 <sup>(h)</sup>  | 282 | 261 |
| Fannie Mae Pool #BW5000 4.00% 3/1/2053 <sup>(h)</sup>  | 887 | 847 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(h)</sup>  | 2321 | 2372 |
| Fannie Mae Pool #BX9358 4.00% 4/1/2053 <sup>(h)</sup>  | 301 | 287 |
| Fannie Mae Pool #MA4978 5.00% 4/1/2053 <sup>(h)</sup>  | 2028 | 2032 |
| Fannie Mae Pool #MA5027 4.00% 5/1/2053 <sup>(h)</sup>  | 6645 | 6336 |
| Fannie Mae Pool #MA5009 5.00% 5/1/2053 <sup>(h)</sup>  | 10165 | 10195 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(h)</sup>  | 662 | 665 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(h)</sup>  | 896 | 910 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(h)</sup>  | 157 | 160 |
| Fannie Mae Pool #FS4736 6.50% 5/1/2053 <sup>(h)</sup>  | 211 | 220 |
| Fannie Mae Pool #MA5063 2.50% 6/1/2053 <sup>(h)</sup>  | 290 | 245 |
| Fannie Mae Pool #BW9618 3.00% 6/1/2053 <sup>(h)</sup>  | 279 | 247 |
| Fannie Mae Pool #MA5038 5.00% 6/1/2053 <sup>(h)</sup>  | 22288 | 22347 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(h)</sup>  | 564 | 574 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(h)</sup>  | 1105 | 1158 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(h)</sup>  | 402 | 419 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(h)</sup>  | 312 | 327 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(h)</sup>  | 11111 | 9008 |
| Fannie Mae Pool #FS9167 2.50% 7/1/2053 <sup>(h)</sup>  | 811 | 688 |
| Fannie Mae Pool #FS6632 2.50% 7/1/2053 <sup>(h)</sup>  | 758 | 643 |
| Fannie Mae Pool #MA5089 4.00% 7/1/2053 <sup>(h)</sup>  | 8193 | 7791 |
| Fannie Mae Pool #MA5070 4.50% 7/1/2053 <sup>(h)</sup>  | 13301 | 13030 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(h)</sup>  | 2137 | 2174 |
| Fannie Mae Pool #MA5107 5.50% 8/1/2053 <sup>(h)</sup>  | 93 | 95 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(h)</sup>  | 5144 | 5247 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(h)</sup>  | 17413 | 17924 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(h)</sup>  | 1621 | 1649 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(h)</sup>  | 3950 | 4066 |
| Fannie Mae Pool #BY1418 4.00% 11/1/2053 <sup>(h)</sup>  | 13131 | 12499 |
| Fannie Mae Pool #MA5207 4.00% 11/1/2053 <sup>(h)</sup>  | 12922 | 12314 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(h)</sup>  | 3788 | 3852 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(h)</sup>  | 6118 | 6297 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(h)</sup>  | 27 | 28 |
| Fannie Mae Pool #MA5262 3.50% 12/1/2053 <sup>(h)</sup>  | 33 | 31 |
| Fannie Mae Pool #BY1448 4.00% 12/1/2053 <sup>(h)</sup>  | 10954 | 10413 |
| Fannie Mae Pool #FS6668 5.50% 12/1/2053 <sup>(h)</sup>  | 260 | 264 |
| Fannie Mae Pool #MA5247 6.00% 1/1/2054 <sup>(h)</sup>  | 144 | 148 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(h)</sup>  | 6339 | 6599 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(h)</sup>  | 1895 | 1987 |
| Fannie Mae Pool #BY1343 4.00% 2/1/2054 <sup>(h)</sup>  | 12268 | 11652 |
| Fannie Mae Pool #FS7990 4.00% 2/1/2054 <sup>(h)</sup>  | 1869 | 1783 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(h)</sup>  | 575 | 584 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(h)</sup>  | 504 | 512 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(h)</sup>  | 3043 | 3135 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(h)</sup>  | 1800 | 1871 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(h)</sup>  | 10411 | 10571 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(h)</sup>  | 4423 | 4499 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(h)</sup>  | 805 | 831 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(h)</sup>  | 783 | 805 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(h)</sup>  | 8 | 8 |

---

---

| | |
|:---|:---|
| **101** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(h)</sup>  | USD6,917 | $7037 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(h)</sup>  | 1025 | 1040 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(h)</sup>  | 1833 | 1885 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(h)</sup>  | 936 | 972 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(h)</sup>  | 931 | 960 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(h)</sup>  | 831 | 857 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(h)</sup>  | 754 | 781 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(h)</sup>  | 1843 | 1916 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(h)</sup>  | 909 | 948 |
| Fannie Mae Pool #DB5480 6.50% 6/1/2054 <sup>(h)</sup>  | 51 | 54 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(h)</sup>  | 5332 | 5414 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(h)</sup>  | 2307 | 2353 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(h)</sup>  | 1398 | 1426 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(h)</sup>  | 10396 | 10680 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(h)</sup>  | 1133 | 1164 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(h)</sup>  | 646 | 667 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(h)</sup>  | 415 | 428 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(h)</sup>  | 112 | 115 |
| Fannie Mae Pool #FS8619 6.50% 7/1/2054 <sup>(h)</sup>  | 4088 | 4294 |
| Fannie Mae Pool #FS8607 6.50% 7/1/2054 <sup>(h)</sup>  | 3177 | 3327 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(h)</sup>  | 1383 | 1448 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(h)</sup>  | 379 | 396 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(h)</sup>  | 229 | 240 |
| Fannie Mae Pool #CB8977 5.00% 8/1/2054 <sup>(h)</sup>  | 401 | 402 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(h)</sup>  | 1368 | 1391 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(h)</sup>  | 7916 | 8133 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(h)</sup>  | 2684 | 2787 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(h)</sup>  | 1347 | 1388 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(h)</sup>  | 1197 | 1234 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(h)</sup>  | 1088 | 1125 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(h)</sup>  | 1053 | 1082 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(h)</sup>  | 854 | 877 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(h)</sup>  | 308 | 319 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(h)</sup>  | 260 | 270 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(h)</sup>  | 248 | 259 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(h)</sup>  | 3859 | 4011 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(h)</sup>  | 1451 | 1518 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(h)</sup>  | 1212 | 1270 |
| Fannie Mae Pool #MA5467 4.00% 9/1/2054 <sup>(h)</sup>  | 1162 | 1103 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(h)</sup>  | 3687 | 3744 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(h)</sup>  | 2297 | 2345 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(h)</sup>  | 2080 | 2120 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(h)</sup>  | 1072 | 1088 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(h)</sup>  | 2704 | 2796 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(h)</sup>  | 372 | 382 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(h)</sup>  | 183 | 188 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(h)</sup>  | 11790 | 12256 |
| Fannie Mae Pool #MA5494 4.00% 10/1/2054 <sup>(h)</sup>  | 2115 | 2008 |
| Fannie Mae Pool #DC4862 4.00% 10/1/2054 <sup>(h)</sup>  | 494 | 470 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(h)</sup>  | 492 | 506 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(h)</sup>  | 114 | 117 |
| Fannie Mae Pool #FS9439 3.50% 11/1/2054 <sup>(h)</sup>  | 905 | 839 |
| Fannie Mae Pool #DC5642 4.00% 11/1/2054 <sup>(h)</sup>  | 1665 | 1585 |
| Fannie Mae Pool #DB7429 4.00% 11/1/2054 <sup>(h)</sup>  | 1059 | 1006 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(h)</sup>  | 1812 | 1846 |
| Fannie Mae Pool #DC6894 5.50% 11/1/2054 <sup>(h)</sup>  | 498 | 505 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(h)</sup>  | 285 | 289 |
| Fannie Mae Pool #BU5361 5.00% 12/1/2054 <sup>(h)</sup>  | 980 | 983 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(h)</sup>  | 83 | 83 |
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(h)</sup>  | 1406 | 1432 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **102** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(h)</sup>  | USD23,968 | $24641 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(h)</sup>  | 2749 | 2824 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(h)</sup>  | 273 | 281 |
| Fannie Mae Pool #MA5583 4.00% 1/1/2055 <sup>(h)</sup>  | 822 | 780 |
| Fannie Mae Pool #CB9736 4.50% 1/1/2055 <sup>(h)</sup>  | 13465 | 13156 |
| Fannie Mae Pool #CB9737 5.00% 1/1/2055 <sup>(h)</sup>  | 1773 | 1779 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(h)</sup>  | 4294 | 4412 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(h)</sup>  | 2640 | 2712 |
| Fannie Mae Pool #MA5635 3.50% 2/1/2055 <sup>(h)</sup>  | — <br><sup>(d)</sup><br>| — <br><sup>(d)</sup><br>|
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(h)</sup>  | 214 | 209 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(h)</sup>  | 1673 | 1698 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(h)</sup>  | 18858 | 19373 |
| Fannie Mae Pool #MA5643 4.00% 3/1/2055 <sup>(h)</sup>  | 1500 | 1424 |
| Fannie Mae Pool #MB0304 4.00% 3/1/2055 <sup>(h)</sup>  | 910 | 864 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(h)</sup>  | 11592 | 11326 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(h)</sup>  | 6556 | 6736 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(h)</sup>  | 40481 | 42078 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(h)</sup>  | 29589 | 30774 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(h)</sup>  | 4987 | 4735 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(h)</sup>  | 12283 | 12001 |
| Fannie Mae Pool #DD6453 5.50% 4/1/2055 <sup>(h)</sup>  | 190 | 193 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(h)</sup>  | 8403 | 8634 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(h)</sup>  | 282 | 290 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(h)</sup>  | 277 | 285 |
| Fannie Mae Pool #DD6102 4.00% 5/1/2055 <sup>(h)</sup>  | 414 | 393 |
| Fannie Mae Pool #MA5697 4.00% 5/1/2055 <sup>(h)</sup>  | 162 | 154 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(h)</sup>  | 16971 | 17438 |
| Fannie Mae Pool #MA5735 5.50% 6/1/2055 <sup>(h)</sup>  | 5642 | 5726 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(h)</sup>  | 2388 | 2454 |
| Fannie Mae Pool #DE2192 6.00% 7/1/2055 <sup>(h)</sup>  | 1206 | 1239 |
| Fannie Mae Pool #DD9889 6.00% 7/1/2055 <sup>(h)</sup>  | 957 | 984 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(h)</sup>  | 14216 | 14775 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(h)</sup>  | 9839 | 10233 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(h)</sup>  | 1763 | 1788 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(h)</sup>  | 2066 | 2123 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(h)</sup>  | 1184 | 1232 |
| Fannie Mae Pool #BV6044 3.50% 9/1/2055 <sup>(h)</sup>  | 2000 | 1854 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(h)</sup>  | 4496 | 4562 |
| Fannie Mae Pool #BV6254 4.00% 10/1/2055 <sup>(h)</sup>  | 592 | 562 |
| Fannie Mae Pool #MA5876 4.00% 11/1/2055 <sup>(h)</sup>  | 1294 | 1228 |
| Fannie Mae Pool #DF3744 4.00% 11/1/2055 <sup>(h)</sup>  | 550 | 522 |
| Fannie Mae Pool #MA5907 4.00% 12/1/2055 <sup>(h)</sup>  | 447 | 424 |
| Fannie Mae Pool #MA5942 4.00% 1/1/2056 <sup>(h)</sup>  | 442 | 419 |
| Fannie Mae Pool #BF0133 4.00% 8/1/2056 <sup>(h)</sup>  | 5242 | 4991 |
| Fannie Mae Pool #BM6736 4.50% 11/1/2059 <sup>(h)</sup>  | 9003 | 8883 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(h)</sup>  | 3211 | 2799 |
| Fannie Mae Pool #BF0546 2.50% 7/1/2061 <sup>(h)</sup>  | 8932 | 7368 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(h)</sup>  | 731 | 632 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(h)</sup>  | 3094 | 2816 |
| Fannie Mae Pool #BF0786 4.00% 12/1/2063 <sup>(h)</sup>  | 3366 | 3175 |
| Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041 <sup>(h)</sup>  | 18 | 19 |
| Fannie Mae, Series 2001-T10, Class A1, 7.00% 12/25/2041 <sup>(h)</sup>  | 50 | 52 |
| Fannie Mae, Series 2006-43, Class JO, principal only, 0% 6/25/2036 <sup>(h)</sup>  | 23 | 21 |
| Freddie Mac Pool #C91912 3.00% 2/1/2037 <sup>(h)</sup>  | 6741 | 6425 |
| Freddie Mac Pool #SB0649 2.50% 4/1/2037 <sup>(h)</sup>  | 173 | 163 |
| Freddie Mac Pool #SB1388 2.50% 1/1/2038 <sup>(h)</sup>  | 48 | 45 |
| Freddie Mac Pool #G03978 5.00% 3/1/2038 <sup>(h)</sup>  | 282 | 290 |
| Freddie Mac Pool #G04553 6.50% 9/1/2038 <sup>(h)</sup>  | 35 | 38 |
| Freddie Mac Pool #G08347 4.50% 6/1/2039 <sup>(h)</sup>  | 41 | 42 |
| Freddie Mac Pool #RB5071 2.00% 9/1/2040 <sup>(h)</sup>  | 17345 | 15228 |

---

---

| | |
|:---|:---|
| **103** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #C03518 5.00% 9/1/2040 <sup>(h)</sup>  | USD398 | $410 |
| Freddie Mac Pool #Q05807 4.00% 1/1/2042 <sup>(h)</sup>  | 1161 | 1138 |
| Freddie Mac Pool #Q23185 4.00% 11/1/2043 <sup>(h)</sup>  | 776 | 760 |
| Freddie Mac Pool #Q23190 4.00% 11/1/2043 <sup>(h)</sup>  | 510 | 499 |
| Freddie Mac Pool #760014 4.632% 8/1/2045 <sup>(h)(i)</sup>  | 135 | 135 |
| Freddie Mac Pool #Q37988 4.00% 12/1/2045 <sup>(h)</sup>  | 3402 | 3305 |
| Freddie Mac Pool #G60344 4.00% 12/1/2045 <sup>(h)</sup>  | 3205 | 3122 |
| Freddie Mac Pool #Z40130 3.00% 1/1/2046 <sup>(h)</sup>  | 3124 | 2905 |
| Freddie Mac Pool #Q41090 4.50% 6/1/2046 <sup>(h)</sup>  | 169 | 168 |
| Freddie Mac Pool #Q41909 4.50% 7/1/2046 <sup>(h)</sup>  | 149 | 149 |
| Freddie Mac Pool #760015 4.021% 1/1/2047 <sup>(h)(i)</sup>  | 320 | 315 |
| Freddie Mac Pool #Q46021 3.50% 2/1/2047 <sup>(h)</sup>  | 1036 | 979 |
| Freddie Mac Pool #SI2002 4.00% 3/1/2048 <sup>(h)</sup>  | 1757 | 1699 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(h)</sup>  | 1496 | 1489 |
| Freddie Mac Pool #RA3055 2.50% 7/1/2050 <sup>(h)</sup>  | 724 | 614 |
| Freddie Mac Pool #SI2046 2.50% 8/1/2050 <sup>(h)</sup>  | 2467 | 2095 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(h)</sup>  | 279 | 249 |
| Freddie Mac Pool #SD8106 2.00% 11/1/2050 <sup>(h)</sup>  | 24391 | 19925 |
| Freddie Mac Pool #SD7528 2.00% 11/1/2050 <sup>(h)</sup>  | 14020 | 11609 |
| Freddie Mac Pool #RA3952 2.00% 11/1/2050 <sup>(h)</sup>  | 1958 | 1589 |
| Freddie Mac Pool #QB7306 2.00% 1/1/2051 <sup>(h)</sup>  | 1755 | 1420 |
| Freddie Mac Pool #QB8422 2.00% 2/1/2051 <sup>(h)</sup>  | 2154 | 1743 |
| Freddie Mac Pool #QB8934 2.50% 2/1/2051 <sup>(h)</sup>  | 56 | 47 |
| Freddie Mac Pool #RA4542 2.50% 2/1/2051 <sup>(h)</sup>  | 23 | 20 |
| Freddie Mac Pool #SI2108 2.50% 4/1/2051 <sup>(h)</sup>  | 57 | 48 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(h)</sup>  | 25274 | 20734 |
| Freddie Mac Pool #SD3984 2.00% 5/1/2051 <sup>(h)</sup>  | 1958 | 1585 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(h)</sup>  | 51 | 41 |
| Freddie Mac Pool #SD1852 2.50% 6/1/2051 <sup>(h)</sup>  | 396 | 336 |
| Freddie Mac Pool #SD0862 2.50% 6/1/2051 <sup>(h)</sup>  | 51 | 43 |
| Freddie Mac Pool #SD3095 2.50% 7/1/2051 <sup>(h)</sup>  | 640 | 542 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(h)</sup>  | 318 | 287 |
| Freddie Mac Pool #SD8160 2.00% 8/1/2051 <sup>(h)</sup>  | 764 | 622 |
| Freddie Mac Pool #QC5527 2.50% 8/1/2051 <sup>(h)</sup>  | 857 | 725 |
| Freddie Mac Pool #QC5857 3.00% 8/1/2051 <sup>(h)</sup>  | 322 | 286 |
| Freddie Mac Pool #RA5782 2.50% 9/1/2051 <sup>(h)</sup>  | 7934 | 6858 |
| Freddie Mac Pool #SD7545 2.50% 9/1/2051 <sup>(h)</sup>  | 5449 | 4723 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(h)</sup>  | 1377 | 1166 |
| Freddie Mac Pool #SD2963 2.50% 9/1/2051 <sup>(h)</sup>  | 1093 | 925 |
| Freddie Mac Pool #SD5485 2.50% 9/1/2051 <sup>(h)</sup>  | 46 | 39 |
| Freddie Mac Pool #RA5971 3.00% 9/1/2051 <sup>(h)</sup>  | 5282 | 4768 |
| Freddie Mac Pool #QC6456 3.00% 9/1/2051 <sup>(h)</sup>  | 600 | 532 |
| Freddie Mac Pool #RA5841 3.00% 9/1/2051 <sup>(h)</sup>  | 93 | 83 |
| Freddie Mac Pool #RA6136 2.50% 10/1/2051 <sup>(h)</sup>  | 6616 | 5600 |
| Freddie Mac Pool #QC8196 2.50% 10/1/2051 <sup>(h)</sup>  | 298 | 252 |
| Freddie Mac Pool #SD0734 3.00% 10/1/2051 <sup>(h)</sup>  | 144 | 130 |
| Freddie Mac Pool #QD1841 2.00% 11/1/2051 <sup>(h)</sup>  | 3564 | 2888 |
| Freddie Mac Pool #QD2256 3.00% 11/1/2051 <sup>(h)</sup>  | 781 | 693 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(h)</sup>  | 1565 | 1270 |
| Freddie Mac Pool #SD1605 2.50% 12/1/2051 <sup>(h)</sup>  | 16714 | 14149 |
| Freddie Mac Pool #RA6483 2.50% 12/1/2051 <sup>(h)</sup>  | 5300 | 4562 |
| Freddie Mac Pool #QD3619 2.50% 12/1/2051 <sup>(h)</sup>  | 2929 | 2485 |
| Freddie Mac Pool #QD2923 2.50% 12/1/2051 <sup>(h)</sup>  | 153 | 130 |
| Freddie Mac Pool #QD6009 2.00% 1/1/2052 <sup>(h)</sup>  | 206 | 166 |
| Freddie Mac Pool #SD0838 2.00% 1/1/2052 <sup>(h)</sup>  | 74 | 60 |
| Freddie Mac Pool #SD2629 2.50% 1/1/2052 <sup>(h)</sup>  | 2530 | 2148 |
| Freddie Mac Pool #SD7552 2.50% 1/1/2052 <sup>(h)</sup>  | 1888 | 1631 |
| Freddie Mac Pool #RA6614 2.50% 1/1/2052 <sup>(h)</sup>  | 882 | 751 |
| Freddie Mac Pool #SD0853 2.50% 1/1/2052 <sup>(h)</sup>  | 24 | 20 |
| Freddie Mac Pool #QD5662 3.00% 1/1/2052 <sup>(h)</sup>  | 1983 | 1759 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **104** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD0813 3.00% 1/1/2052 <sup>(h)</sup>  | USD269 | $242 |
| Freddie Mac Pool #RA6771 2.00% 2/1/2052 <sup>(h)</sup>  | 4236 | 3429 |
| Freddie Mac Pool #QD7414 2.00% 2/1/2052 <sup>(h)</sup>  | 1623 | 1315 |
| Freddie Mac Pool #RA6114 2.00% 2/1/2052 <sup>(h)</sup>  | 1548 | 1253 |
| Freddie Mac Pool #QD5748 2.00% 2/1/2052 <sup>(h)</sup>  | 829 | 671 |
| Freddie Mac Pool #SD8193 2.00% 2/1/2052 <sup>(h)</sup>  | 800 | 650 |
| Freddie Mac Pool #QD7312 2.50% 2/1/2052 <sup>(h)</sup>  | 512 | 436 |
| Freddie Mac Pool #QD6848 2.50% 2/1/2052 <sup>(h)</sup>  | 66 | 56 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(h)</sup>  | 813 | 757 |
| Freddie Mac Pool #SD4526 2.00% 3/1/2052 <sup>(h)</sup>  | 7311 | 5925 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(h)</sup>  | 3659 | 2966 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(h)</sup>  | 2808 | 2279 |
| Freddie Mac Pool #QD7772 2.00% 3/1/2052 <sup>(h)</sup>  | 1702 | 1378 |
| Freddie Mac Pool #QD8408 2.00% 3/1/2052 <sup>(h)</sup>  | 1054 | 855 |
| Freddie Mac Pool #QD8103 2.00% 3/1/2052 <sup>(h)</sup>  | 823 | 667 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(h)</sup>  | 249 | 201 |
| Freddie Mac Pool #SD5745 2.00% 3/1/2052 <sup>(h)</sup>  | 54 | 44 |
| Freddie Mac Pool #QD9460 2.50% 3/1/2052 <sup>(h)</sup>  | 775 | 659 |
| Freddie Mac Pool #RA7091 2.50% 3/1/2052 <sup>(h)</sup>  | 28 | 24 |
| Freddie Mac Pool #QD7983 3.50% 3/1/2052 <sup>(h)</sup>  | 456 | 423 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(h)</sup>  | 2852 | 2314 |
| Freddie Mac Pool #QD9950 2.00% 4/1/2052 <sup>(h)</sup>  | 1682 | 1362 |
| Freddie Mac Pool #QD9791 2.00% 4/1/2052 <sup>(h)</sup>  | 1527 | 1237 |
| Freddie Mac Pool #QE0312 2.00% 4/1/2052 <sup>(h)</sup>  | 1023 | 828 |
| Freddie Mac Pool #QD9907 2.50% 4/1/2052 <sup>(h)</sup>  | 762 | 649 |
| Freddie Mac Pool #QE0812 2.50% 4/1/2052 <sup>(h)</sup>  | 577 | 490 |
| Freddie Mac Pool #QE1005 2.50% 4/1/2052 <sup>(h)</sup>  | 335 | 284 |
| Freddie Mac Pool #RA7177 2.50% 4/1/2052 <sup>(h)</sup>  | 133 | 112 |
| Freddie Mac Pool #SD3478 2.50% 4/1/2052 <sup>(h)</sup>  | 107 | 91 |
| Freddie Mac Pool #SD7554 2.50% 4/1/2052 <sup>(h)</sup>  | 73 | 63 |
| Freddie Mac Pool #QD9765 2.50% 4/1/2052 <sup>(h)</sup>  | 27 | 23 |
| Freddie Mac Pool #QE0744 3.50% 4/1/2052 <sup>(h)</sup>  | 349 | 323 |
| Freddie Mac Pool #QE1578 2.50% 5/1/2052 <sup>(h)</sup>  | 802 | 682 |
| Freddie Mac Pool #QE2020 2.50% 5/1/2052 <sup>(h)</sup>  | 153 | 130 |
| Freddie Mac Pool #QE2111 2.50% 5/1/2052 <sup>(h)</sup>  | 113 | 96 |
| Freddie Mac Pool #QE3448 2.50% 5/1/2052 <sup>(h)</sup>  | 24 | 20 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(h)</sup>  | 28843 | 25619 |
| Freddie Mac Pool #SD4807 2.00% 6/1/2052 <sup>(h)</sup>  | 3427 | 2786 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(h)</sup>  | 14498 | 12856 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(h)</sup>  | 282 | 250 |
| Freddie Mac Pool #QE4383 4.00% 6/1/2052 <sup>(h)</sup>  | 1748 | 1669 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(h)</sup>  | 10697 | 9055 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(h)</sup>  | 2478 | 2102 |
| Freddie Mac Pool #SD4815 2.50% 7/1/2052 <sup>(h)</sup>  | 336 | 285 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(h)</sup>  | 28640 | 25396 |
| Freddie Mac Pool #QE8277 3.50% 7/1/2052 <sup>(h)</sup>  | 36 | 34 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(h)</sup>  | 1110 | 994 |
| Freddie Mac Pool #QE7976 4.50% 8/1/2052 <sup>(h)</sup>  | 34523 | 34040 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(h)</sup>  | 157 | 154 |
| Freddie Mac Pool #SD8262 2.50% 9/1/2052 <sup>(h)</sup>  | 839 | 713 |
| Freddie Mac Pool #RA8252 2.50% 9/1/2052 <sup>(h)</sup>  | 712 | 607 |
| Freddie Mac Pool #SD1581 2.50% 9/1/2052 <sup>(h)</sup>  | 96 | 82 |
| Freddie Mac Pool #QF0925 3.00% 9/1/2052 <sup>(h)</sup>  | 1857 | 1646 |
| Freddie Mac Pool #QF0212 4.50% 9/1/2052 <sup>(h)</sup>  | 687 | 674 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(h)</sup>  | 161 | 158 |
| Freddie Mac Pool #SD1608 4.50% 9/1/2052 <sup>(h)</sup>  | 101 | 99 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(h)</sup>  | 875 | 879 |
| Freddie Mac Pool #QF2023 4.00% 10/1/2052 <sup>(h)</sup>  | 28 | 27 |
| Freddie Mac Pool #QF1236 4.50% 10/1/2052 <sup>(h)</sup>  | 997 | 978 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(h)</sup>  | 67 | 66 |

---

---

| | |
|:---|:---|
| **105** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD8266 4.50% 11/1/2052 <sup>(h)</sup>  | USD2,573 | $2523 |
| Freddie Mac Pool #SD8276 5.00% 12/1/2052 <sup>(h)</sup>  | 4928 | 4937 |
| Freddie Mac Pool #QF5938 2.50% 1/1/2053 <sup>(h)</sup>  | 221 | 187 |
| Freddie Mac Pool #SD8303 2.50% 1/1/2053 <sup>(h)</sup>  | 68 | 58 |
| Freddie Mac Pool #SD8287 4.50% 1/1/2053 <sup>(h)</sup>  | 11528 | 11302 |
| Freddie Mac Pool #RA8625 2.50% 2/1/2053 <sup>(h)</sup>  | 916 | 777 |
| Freddie Mac Pool #SD8297 4.00% 2/1/2053 <sup>(h)</sup>  | 1774 | 1685 |
| Freddie Mac Pool #RA8676 2.50% 3/1/2053 <sup>(h)</sup>  | 655 | 556 |
| Freddie Mac Pool #SD8305 4.00% 3/1/2053 <sup>(h)</sup>  | 2159 | 2061 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(h)</sup>  | 1008 | 1013 |
| Freddie Mac Pool #SD8321 4.00% 5/1/2053 <sup>(h)</sup>  | 9888 | 9394 |
| Freddie Mac Pool #RA8647 4.50% 5/1/2053 <sup>(h)</sup>  | 69 | 68 |
| Freddie Mac Pool #SD8323 5.00% 5/1/2053 <sup>(h)</sup>  | 9024 | 9040 |
| Freddie Mac Pool #SD8338 4.00% 6/1/2053 <sup>(h)</sup>  | 2887 | 2743 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(h)</sup>  | 3457 | 3462 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(h)</sup>  | 2536 | 2580 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(h)</sup>  | 531 | 556 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(h)</sup>  | 461 | 483 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(h)</sup>  | 437 | 462 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(h)</sup>  | 430 | 453 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(h)</sup>  | 301 | 318 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(h)</sup>  | 241 | 254 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(h)</sup>  | 147 | 153 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(h)</sup>  | 136 | 146 |
| Freddie Mac Pool #SD3417 2.50% 7/1/2053 <sup>(h)</sup>  | 844 | 717 |
| Freddie Mac Pool #SD8356 3.00% 7/1/2053 <sup>(h)</sup>  | 1684 | 1492 |
| Freddie Mac Pool #SD8353 4.00% 7/1/2053 <sup>(h)</sup>  | 7856 | 7462 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(h)</sup>  | 27 | 27 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(h)</sup>  | 7840 | 7977 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(h)</sup>  | 654 | 682 |
| Freddie Mac Pool #SD8359 3.50% 8/1/2053 <sup>(h)</sup>  | 252 | 234 |
| Freddie Mac Pool #QH1153 4.00% 9/1/2053 <sup>(h)</sup>  | 339 | 326 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(h)</sup>  | 24494 | 24916 |
| Freddie Mac Pool #SD4550 2.50% 10/1/2053 <sup>(h)</sup>  | 812 | 689 |
| Freddie Mac Pool #SD4077 2.50% 10/1/2053 <sup>(h)</sup>  | 99 | 84 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(h)</sup>  | 4194 | 4321 |
| Freddie Mac Pool #SD8390 4.00% 11/1/2053 <sup>(h)</sup>  | 24 | 23 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(h)</sup>  | 83473 | 83578 |
| Freddie Mac Pool #SD8372 5.50% 11/1/2053 <sup>(h)</sup>  | 21615 | 21935 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(h)</sup>  | 670 | 698 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(h)</sup>  | 35 | 36 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(h)</sup>  | 42 | 44 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(h)</sup>  | 494 | 516 |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(h)</sup>  | 264 | 275 |
| Freddie Mac Pool #QI0231 5.00% 2/1/2054 <sup>(h)</sup>  | 38 | 38 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(h)</sup>  | 399 | 406 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(h)</sup>  | 10952 | 11261 |
| Freddie Mac Pool #RJ1871 4.00% 3/1/2054 <sup>(h)</sup>  | 299 | 284 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(h)</sup>  | 10736 | 10901 |
| Freddie Mac Pool #RJ1015 6.50% 3/1/2054 <sup>(h)</sup>  | 101 | 105 |
| Freddie Mac Pool #QI3548 4.00% 4/1/2054 <sup>(h)</sup>  | 664 | 630 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(h)</sup>  | 1452 | 1484 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(h)</sup>  | 1070 | 1088 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(h)</sup>  | 343 | 357 |
| Freddie Mac Pool #RJ1417 5.50% 5/1/2054 <sup>(h)</sup>  | 14898 | 15226 |
| Freddie Mac Pool #RJ1419 5.50% 5/1/2054 <sup>(h)</sup>  | 7316 | 7436 |
| Freddie Mac Pool #RJ1448 5.50% 5/1/2054 <sup>(h)</sup>  | 2917 | 2965 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(h)</sup>  | 484 | 504 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(h)</sup>  | 413 | 422 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(h)</sup>  | 1550 | 1604 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **106** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(h)</sup>  | USD1,097 | $1141 |
| Freddie Mac Pool #RJ1797 6.50% 6/1/2054 <sup>(h)</sup>  | 1489 | 1550 |
| Freddie Mac Pool #RJ1725 6.50% 6/1/2054 <sup>(h)</sup>  | 454 | 479 |
| Freddie Mac Pool #QI8825 5.00% 7/1/2054 <sup>(h)</sup>  | 1882 | 1880 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(h)</sup>  | 932 | 946 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(h)</sup>  | 705 | 719 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(h)</sup>  | 611 | 623 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(h)</sup>  | 5767 | 5925 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(h)</sup>  | 2703 | 2789 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(h)</sup>  | 614 | 633 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(h)</sup>  | 179 | 184 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(h)</sup>  | 9848 | 10237 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(h)</sup>  | 4305 | 4481 |
| Freddie Mac Pool #SD5905 6.50% 7/1/2054 <sup>(h)</sup>  | 1824 | 1910 |
| Freddie Mac Pool #RJ2193 5.00% 8/1/2054 <sup>(h)</sup>  | 335 | 336 |
| Freddie Mac Pool #RJ2241 5.00% 8/1/2054 <sup>(h)</sup>  | 238 | 238 |
| Freddie Mac Pool #RJ2195 5.00% 8/1/2054 <sup>(h)</sup>  | 213 | 213 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(h)</sup>  | 5901 | 6000 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(h)</sup>  | 3678 | 3742 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(h)</sup>  | 3436 | 3499 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(h)</sup>  | 1078 | 1102 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(h)</sup>  | 618 | 630 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(h)</sup>  | 5363 | 5510 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(h)</sup>  | 2685 | 2796 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(h)</sup>  | 2546 | 2624 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(h)</sup>  | 1659 | 1715 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(h)</sup>  | 860 | 885 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(h)</sup>  | 208 | 214 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(h)</sup>  | 2356 | 2449 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(h)</sup>  | 1562 | 1635 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(h)</sup>  | 1234 | 1290 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(h)</sup>  | 678 | 708 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(h)</sup>  | 3467 | 3526 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(h)</sup>  | 2735 | 2799 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(h)</sup>  | 2212 | 2246 |
| Freddie Mac Pool #RJ2298 5.50% 9/1/2054 <sup>(h)</sup>  | 2189 | 2226 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(h)</sup>  | 1461 | 1496 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(h)</sup>  | 1324 | 1348 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(h)</sup>  | 1071 | 1087 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(h)</sup>  | 5690 | 5867 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(h)</sup>  | 3067 | 3171 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(h)</sup>  | 2911 | 3030 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(h)</sup>  | 2831 | 2946 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(h)</sup>  | 1661 | 1712 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(h)</sup>  | 1611 | 1655 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(h)</sup>  | 1050 | 1097 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(h)</sup>  | 532 | 558 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(h)</sup>  | 340 | 354 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(h)</sup>  | 200 | 209 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(h)</sup>  | 99 | 103 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(h)</sup>  | 1457 | 1479 |
| Freddie Mac Pool #RJ2850 4.50% 11/1/2054 <sup>(h)</sup>  | 2016 | 1981 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(h)</sup>  | 116 | 114 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(h)</sup>  | 5046 | 5041 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(h)</sup>  | 6112 | 6202 |
| Freddie Mac Pool #RJ2913 5.50% 11/1/2054 <sup>(h)</sup>  | 5252 | 5339 |
| Freddie Mac Pool #RJ3017 5.00% 12/1/2054 <sup>(h)</sup>  | 5602 | 5591 |
| Freddie Mac Pool #RJ3163 5.00% 12/1/2054 <sup>(h)</sup>  | 3365 | 3378 |
| Freddie Mac Pool #QX1743 5.00% 12/1/2054 <sup>(h)</sup>  | 849 | 852 |
| Freddie Mac Pool #QX2834 5.00% 12/1/2054 <sup>(h)</sup>  | 277 | 278 |

---

---

| | |
|:---|:---|
| **107** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(h)</sup>  | USD3,023 | $3068 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(h)</sup>  | 1208 | 1231 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(h)</sup>  | 277 | 281 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(h)</sup>  | 4043 | 4103 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(h)</sup>  | 9673 | 9938 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(h)</sup>  | 1671 | 1717 |
| Freddie Mac Pool #SD8503 4.00% 2/1/2055 <sup>(h)</sup>  | 3031 | 2878 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(h)</sup>  | 3536 | 3454 |
| Freddie Mac Pool #SD8506 5.50% 2/1/2055 <sup>(h)</sup>  | 165 | 168 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(h)</sup>  | 28738 | 29525 |
| Freddie Mac Pool #SL0588 3.50% 3/1/2055 <sup>(h)</sup>  | 231 | 214 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(h)</sup>  | 987 | 1002 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(h)</sup>  | 2499 | 2567 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(h)</sup>  | 13606 | 14143 |
| Freddie Mac Pool #QY1239 4.00% 4/1/2055 <sup>(h)</sup>  | 1683 | 1597 |
| Freddie Mac Pool #QX9668 4.00% 4/1/2055 <sup>(h)</sup>  | 470 | 446 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(h)</sup>  | 1655 | 1654 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(h)</sup>  | 4818 | 4951 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(h)</sup>  | 3113 | 3199 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(h)</sup>  | 84 | 86 |
| Freddie Mac Pool #QY2186 6.50% 4/1/2055 <sup>(h)</sup>  | 4230 | 4398 |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(h)</sup>  | 3077 | 3122 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(h)(j)</sup>  | 61437 | 63132 |
| Freddie Mac Pool #QY3774 6.00% 5/1/2055 <sup>(h)</sup>  | 4291 | 4410 |
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(h)</sup>  | 664 | 682 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(h)</sup>  | 616 | 633 |
| Freddie Mac Pool #RJ4529 6.00% 5/1/2055 <sup>(h)</sup>  | 190 | 195 |
| Freddie Mac Pool #QY5967 4.00% 6/1/2055 <sup>(h)</sup>  | 1558 | 1479 |
| Freddie Mac Pool #RQ0010 4.00% 6/1/2055 <sup>(h)</sup>  | 526 | 499 |
| Freddie Mac Pool #RQ0013 5.50% 6/1/2055 <sup>(h)</sup>  | 75 | 76 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(h)</sup>  | 7332 | 7621 |
| Freddie Mac Pool #RQ0024 4.00% 7/1/2055 <sup>(h)</sup>  | 331 | 314 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(h)</sup>  | 3943 | 3935 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(h)</sup>  | 4154 | 4214 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(h)(j)</sup>  | 90173 | 92616 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(h)</sup>  | 415 | 427 |
| Freddie Mac Pool #SL1959 6.50% 7/1/2055 <sup>(h)</sup>  | 1072 | 1115 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(h)</sup>  | 2884 | 2962 |
| Freddie Mac Pool #RQ0049 5.50% 9/1/2055 <sup>(h)</sup>  | 297 | 301 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(h)</sup>  | 253 | 260 |
| Freddie Mac Pool #RQ0061 4.00% 11/1/2055 <sup>(h)</sup>  | 1706 | 1619 |
| Freddie Mac, Series T041, Class 3A, 4.449% 7/25/2032 <sup>(h)(i)</sup>  | 139 | 129 |
| Freddie Mac, Series K755, Class A2, Multi Family, 5.203% 2/25/2031 <sup>(h)</sup>  | 10192 | 10682 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(h)</sup>  | 1948 | 1862 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/2056 <sup>(h)(i)</sup>  | 833 | 804 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(h)</sup>  | 3860 | 3666 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(h)(i)</sup>  | 3708 | 3540 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(h)(i)</sup>  | 737 | 674 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(h)</sup>  | 614 | 561 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(h)(i)</sup>  | 1159 | 1139 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/2057 <sup>(h)</sup>  | 1582 | 1425 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(h)</sup>  | 6428 | 6267 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(h)</sup>  | 3766 | 3548 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(h)</sup>  | 1503 | 1481 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 5/25/2029 <sup>(h)</sup>  | 2920 | 2874 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A2, 3.50% 5/25/2029 <sup>(h)</sup>  | 2455 | 2396 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/2029 <sup>(h)</sup>  | 1831 | 1742 |
| Government National Mortgage Assn. Pool #BD7245 4.00% 1/20/2048 <sup>(h)</sup>  | 269 | 255 |
| Government National Mortgage Assn. Pool #MA5652 4.50% 12/20/2048 <sup>(h)</sup>  | 241 | 239 |
| Government National Mortgage Assn. Pool #MA6602 4.50% 4/20/2050 <sup>(h)</sup>  | 144 | 142 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **108** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 <sup>(h)</sup>  | USD6,356 | $5271 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(h)</sup>  | 63574 | 52712 |
| Government National Mortgage Assn. Pool #MA7259 4.50% 3/20/2051 <sup>(h)</sup>  | 1236 | 1226 |
| Government National Mortgage Assn. Pool #MA7316 4.50% 4/20/2051 <sup>(h)</sup>  | 344 | 342 |
| Government National Mortgage Assn. Pool #MA7827 2.50% 1/20/2052 <sup>(h)</sup>  | 132 | 114 |
| Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 <sup>(h)</sup>  | 18684 | 16136 |
| Government National Mortgage Assn. Pool #MA7936 2.50% 3/20/2052 <sup>(h)</sup>  | 4536 | 3918 |
| Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 <sup>(h)</sup>  | 17043 | 15345 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(h)</sup>  | 733 | 633 |
| Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 <sup>(h)</sup>  | 12969 | 11676 |
| Government National Mortgage Assn. Pool #MA8099 3.50% 6/20/2052 <sup>(h)</sup>  | 122 | 112 |
| Government National Mortgage Assn. Pool #MA8197 2.50% 8/20/2052 <sup>(h)</sup>  | 771 | 669 |
| Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 <sup>(h)</sup>  | 600 | 554 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(h)</sup>  | 9110 | 8671 |
| Government National Mortgage Assn. Pool #MA8425 3.50% 11/20/2052 <sup>(h)</sup>  | 28825 | 26445 |
| Government National Mortgage Assn. Pool #MA8485 2.50% 12/20/2052 <sup>(h)</sup>  | 2027 | 1753 |
| Government National Mortgage Assn. Pool #MA8642 2.50% 2/20/2053 <sup>(h)</sup>  | 1747 | 1512 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(h)</sup>  | 2799 | 2742 |
| Government National Mortgage Assn. Pool #MA9104 4.50% 8/20/2053 <sup>(h)</sup>  | 23698 | 23224 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(h)</sup>  | 5029 | 4780 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(h)</sup>  | 1995 | 1489 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(h)(k)</sup>  | 1152 | 932 |
| Uniform Mortgage-Backed Security 3.00% 1/1/2056 <sup>(h)(k)</sup>  | 4130 | 3654 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(h)(k)</sup>  | 1189 | 1099 |
| Uniform Mortgage-Backed Security 4.00% 1/1/2056 <sup>(h)(k)</sup>  | 14723 | 13967 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(h)(k)</sup>  | 4947 | 4830 |
| Uniform Mortgage-Backed Security 6.00% 1/1/2056 <sup>(h)(k)</sup>  | 29825 | 30627 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(h)(k)</sup>  | 9035 | 9391 |
| Uniform Mortgage-Backed Security 2.00% 2/1/2056 <sup>(h)(k)</sup>  | 10503 | 8490 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(h)(k)</sup>  | 113416 | 104506 |
|  |  | 2549588 |
| **Commercial mortgage-backed securities 0.76%** |  |  |
| Bank Commercial Mortgage Trust, Series 2022-BNK43, Class A5, 4.399% 8/15/2055 <sup>(h)</sup>  | 1400 | 1376 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class A5, 5.203% 2/15/2056 <sup>(h)</sup>  | 645 | 660 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class A3, 6.50% 12/15/2056 <sup>(h)</sup>  | 5368 | 5651 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class AS, 7.274% 12/15/2056 <sup>(h)(i)</sup>  | 857 | 914 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class A3, 5.614% 8/15/2057 <sup>(h)</sup>  | 4615 | 4806 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(h)</sup>  | 1380 | 1446 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(h)(i)</sup>  | 4062 | 4274 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(h)(i)</sup>  | 1914 | 2003 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/2063 <sup>(h)</sup>  | 2909 | 2672 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C16, Class A5, 4.60% 6/15/2055 <sup>(h)(i)</sup>  | 490 | 487 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class A5, 5.451% 4/15/2056 <sup>(h)</sup>  | 3006 | 3120 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C21, Class A5, 6.00% 9/15/2056 <sup>(h)(i)</sup>  | 1792 | 1930 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(h)(i)</sup>  | 1828 | 1896 |
| Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 2/15/2051 <sup>(h)</sup>  | 1000 | 991 |
| Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 3/15/2053 <sup>(h)</sup>  | 2960 | 2679 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(h)(i)</sup>  | 750 | 754 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(h)</sup>  | 2112 | 2196 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(h)(i)</sup>  | 590 | 615 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(h)</sup>  | 618 | 637 |
| BMO Mortgage Trust, Series 2022-C2, Class A5, 4.974% 7/15/2054 <sup>(h)(i)</sup>  | 1750 | 1776 |
| BMO Mortgage Trust, Series 2023-C5, Class A5, 5.765% 6/15/2056 <sup>(h)</sup>  | 1117 | 1171 |
| BMO Mortgage Trust, Series 2024-5C8, Class A3, 5.625% 12/15/2057 <sup>(h)(i)</sup>  | 6990 | 7282 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(h)(i)</sup>  | 1450 | 1508 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(h)(i)</sup>  | 3334 | 3493 |

---

---

| | |
|:---|:---|
| **109** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** |  |  |
| BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A, (1-month USD CME Term SOFR + 1.60%) <br> 5.45% 12/15/2042 <sup>(f)(h)(i)</sup>  | USD3,083 | $3092 |
| BX Trust, Series 2021-SDMF, Class A, (1-month USD CME Term SOFR + 0.703%) 4.454% 9/15/2034 <sup>(f)(h)(i)</sup>  | 5525 | 5513 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 4.715% 11/15/2038 <sup>(f)(h)(i)</sup>  | 4099 | 4097 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 4.74% 1/17/2039 <sup>(f)(h)(i)</sup>  | 6334 | 6332 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.192% 4/15/2041 <sup>(f)(h)(i)</sup>  | 4009 | 4017 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(f)(h)(i)</sup>  | 11410 | 11577 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.442% 8/15/2041 <sup>(f)(h)(i)</sup>  | 7395 | 7419 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.641% <br> 7/15/2041 <sup>(f)(h)(i)</sup>  | 1153 | 1156 |
| CALI Mortgage Trust, Series 24-SUN, Class B, (1-month USD CME Term SOFR + 2.34%) 6.091% <br> 7/15/2041 <sup>(f)(h)(i)</sup>  | 1414 | 1420 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.392% 8/15/2041 <sup>(f)(h)(i)</sup>  | 5162 | 5161 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(f)(h)(i)</sup>  | 3606 | 3718 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(f)(h)</sup>  | 3677 | 3789 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(f)(h)(i)</sup>  | 5942 | 6067 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.20% 12/15/2039 <sup>(f)(h)(i)</sup>  | 2748 | 2757 |
| Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 12/10/2040 <sup>(f)(h)</sup>  | 3795 | 3409 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 5.441% <br> 5/15/2041 <sup>(f)(h)(i)</sup>  | 8302 | 8335 |
| GS Mortgage Securities Trust, Series 2023-SHIP, Class B, 4.936% 9/10/2038 <sup>(f)(h)(i)</sup>  | 1214 | 1215 |
| GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/2053 <sup>(h)</sup>  | 2489 | 2292 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.143% <br>3/15/2042 <sup>(f)(h)(i)</sup>  | 2059 | 2064 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(f)(h)(i)</sup>  | 5246 | 5445 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(f)(h)(i)</sup>  | 10151 | 10533 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(f)(h)</sup>  | 1522 | 1378 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(f)(h)</sup>  | 578 | 523 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45% 1/5/2039 <sup>(f)(h)(i)</sup>  | 100 | 84 |
| JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.343% 11/15/2039 <sup>(f)(h)(i)</sup>  | 1960 | 1966 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(f)(h)</sup>  | 13772 | 13256 |
| Morgan Stanley Capital I Trust, Series 2022-L8, Class A5, 3.791% 4/15/2055 <sup>(h)(i)</sup>  | 370 | 349 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.274% 5/25/2055 <sup>(f)(h)(i)</sup>  | 577 | 580 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(f)(h)(i)</sup>  | 627 | 629 |
| SCG Hotel Issuer, Inc., Series 2025-SNIP, Class A, 5.25% 9/15/2042 <sup>(f)(h)(i)</sup>  | 1543 | 1548 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) <br> 5.142% 5/15/2039 <sup>(f)(h)(i)</sup>  | 3964 | 3963 |
| SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/2041 <sup>(f)(h)</sup>  | 2194 | 1964 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 4.595% 11/15/2038 <sup>(f)(h)(i)</sup>  | 4033 | 4032 |
| StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + <br> 1.00%) 4.75% 1/15/2039 <sup>(f)(h)(i)</sup>  | 10709 | 10712 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.193% 2/15/2042 <sup>(f)(h)(i)</sup>  | 9322 | 9250 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.761% 9/15/2040 <sup>(f)(h)(i)</sup>  | 345 | 349 |
| Wells Fargo Commercial Mortgage Trust, Series 2022-C62, Class A4, 4.00% 4/15/2055 <sup>(h)(i)</sup>  | 1620 | 1553 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(h)</sup>  | 430 | 451 |
| WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + <br> 2.789%) 6.539% 11/15/2027 <sup>(f)(h)(i)</sup>  | 5000 | 5040 |
|  |  | 211372 |
| **Collateralized mortgage-backed obligations (privately originated) 0.25%** |  |  |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(f)(h)(l)</sup>  | 5331 | 5374 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(f)(h)(i)</sup>  | 563 | 510 |
| BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.496% 2/25/2065 (6.496% on <br>5/1/2027) <sup>(f)(h)(l)</sup>  | 461 | 465 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **110** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** |  |  |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(f)(h)(i)</sup>  | USD5,105 | $5011 |
| CIM Trust, Series 2025-R1, Class A1, 5.00% 2/25/2099 (8.00% on 3/1/2028) <sup>(f)(h)(l)</sup>  | 1487 | 1483 |
| COLT Funding, LLC, Series 2024-INV3, Class A1, 5.443% 9/25/2069 (6.443% on 8/1/2028) <sup>(f)(h)(l)</sup>  | 2457 | 2474 |
| CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 9/25/2034 <sup>(h)</sup>  | 104 | 106 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(f)(h)</sup>  | 6393 | 6198 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.024% 9/25/2042 <sup>(f)(h)(i)</sup>  | 180 | 181 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.25%) 5.124% 5/25/2044 <sup>(f)(h)(i)</sup>  | 3385 | 3399 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(f)(h)</sup>  | 3062 | 2999 |
| IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047 <sup>(f)(h)(i)</sup>  | 6890 | 7081 |
| MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2/25/2034 <sup>(h)</sup>  | 180 | 180 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(f)(h)(l)</sup>  | 1943 | 1950 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% <br> on 5/1/2028) <sup>(f)(h)(l)</sup>  | 2073 | 2101 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(f)(h)(l)</sup>  | 567 | 572 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(f)(h)(l)</sup>  | 4261 | 4237 |
| Onslow Bay Financial, LLC, Series 2025-NQM14, Class A1A, 5.162% 7/25/2065 (6.162% on 7/1/2029) <sup>(f)(h)(l)</sup>  | 1833 | 1843 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(f)(h)</sup>  | 2436 | 2405 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(f)(h)</sup>  | 2635 | 2513 |
| Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 5.50% 10/17/2041 <sup>(f)(h)(i)</sup>  | 4921 | 4941 |
| Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.201% 2/17/2042 <sup>(f)(h)(i)</sup>  | 674 | 675 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(f)(h)</sup>  | 2312 | 2250 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(f)(h)(l)</sup>  | 1048 | 1056 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(f)(h)(l)</sup>  | 1616 | 1623 |
| Verus Securitization Trust, Series 2024-R1, Class A1, 5.218% 9/25/2069 <sup>(f)(h)(i)</sup>  | 1754 | 1757 |
| Verus Securitization Trust, Series 2025-5, Class A1, 5.427% 6/25/2070 (6.427% on 6/1/2029) <sup>(f)(h)(l)</sup>  | 1104 | 1114 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(f)(h)(l)</sup>  | 492 | 494 |
| Verus Securitization Trust, Series 2025-8, Class A1A, 4.869% 9/25/2070 (5.869% on 9/1/2029) <sup>(f)(h)(l)</sup>  | 2504 | 2507 |
|  |  | 67499 |
| **Total mortgage-backed obligations** |  | 2828459 |
| **U.S. Treasury bonds & notes 8.24%** | **U.S. Treasury bonds & notes 8.24%** | **U.S. Treasury bonds & notes 8.24%** |
| **U.S. Treasury 8.20%** |  |  |
| U.S. Treasury 0.50% 2/28/2026  | 42515 | 42299 |
| U.S. Treasury 4.625% 2/28/2026  | 1878 | 1881 |
| U.S. Treasury 3.625% 5/15/2026  | 1071 | 1071 |
| U.S. Treasury 4.625% 6/30/2026  | 17210 | 17301 |
| U.S. Treasury 4.125% 2/15/2027  | 1258 | 1266 |
| U.S. Treasury 2.625% 5/31/2027  | 96250 | 95098 |
| U.S. Treasury 0.50% 6/30/2027  | 28098 | 26887 |
| U.S. Treasury 3.75% 6/30/2027  | 18100 | 18170 |
| U.S. Treasury 4.125% 9/30/2027  | 90000 | 90969 |
| U.S. Treasury 3.375% 11/30/2027  | 118 | 118 |
| U.S. Treasury 4.00% 12/15/2027  | 40000 | 40391 |
| U.S. Treasury 3.375% 12/31/2027  | 233676 | 233229 |
| U.S. Treasury 4.00% 2/29/2028  | 46200 | 46687 |
| U.S. Treasury 3.625% 3/31/2028  | 9 | 9 |
| U.S. Treasury 3.50% 4/30/2028  | 5600 | 5599 |
| U.S. Treasury 3.50% 12/15/2028  | 66245 | 66170 |
| U.S. Treasury 4.00% 1/31/2029  | 8844 | 8958 |
| U.S. Treasury 2.875% 4/30/2029  | 50000 | 48902 |
| U.S. Treasury 4.25% 6/30/2029  | 28885 | 29502 |
| U.S. Treasury 4.00% 3/31/2030  | 83865 | 84946 |
| U.S. Treasury 0.625% 5/15/2030  | 9358 | 8214 |

---

---

| | |
|:---|:---|
| **111** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** |  |  |
| U.S. Treasury 3.875% 6/30/2030  | USD21,920 | $22087 |
| U.S. Treasury 4.00% 7/31/2030  | 8160 | 8265 |
| U.S. Treasury 4.875% 10/31/2030  | 35491 | 37293 |
| U.S. Treasury 3.50% 11/30/2030  | 7890 | 7813 |
| U.S. Treasury 3.625% 12/31/2030  | 426135 | 424188 |
| U.S. Treasury 4.25% 6/30/2031  | 17165 | 17561 |
| U.S. Treasury 2.875% 5/15/2032  | 50000 | 47164 |
| U.S. Treasury 4.00% 6/30/2032  | 17325 | 17435 |
| U.S. Treasury 4.125% 11/15/2032  | 648 | 656 |
| U.S. Treasury 3.875% 12/31/2032  | 97124 | 96737 |
| U.S. Treasury 3.50% 2/15/2033  | 27034 | 26284 |
| U.S. Treasury 3.875% 8/15/2033 <sup>(j)</sup>  | 114911 | 114031 |
| U.S. Treasury 4.375% 5/15/2034  | 14285 | 14611 |
| U.S. Treasury 4.25% 11/15/2034  | 2075 | 2098 |
| U.S. Treasury 4.00% 11/15/2035  | 126327 | 124610 |
| U.S. Treasury 1.375% 11/15/2040  | 51338 | 33394 |
| U.S. Treasury 1.75% 8/15/2041  | 24960 | 16877 |
| U.S. Treasury 2.00% 11/15/2041  | 1058 | 740 |
| U.S. Treasury 4.625% 5/15/2044  | 14927 | 14680 |
| U.S. Treasury 5.00% 5/15/2045  | 3325 | 3418 |
| U.S. Treasury 4.625% 11/15/2045  | 100612 | 98443 |
| U.S. Treasury 2.50% 2/15/2046  | 3365 | 2347 |
| U.S. Treasury 3.00% 5/15/2047  | 8383 | 6305 |
| U.S. Treasury 3.00% 2/15/2048  | 301 | 225 |
| U.S. Treasury 2.25% 2/15/2052  | 72025 | 43815 |
| U.S. Treasury 4.00% 11/15/2052  | 5700 | 4953 |
| U.S. Treasury 3.625% 2/15/2053 <sup>(j)</sup>  | 121025 | 98188 |
| U.S. Treasury 3.625% 5/15/2053  | 18989 | 15393 |
| U.S. Treasury 4.25% 2/15/2054  | 17191 | 15578 |
| U.S. Treasury 4.25% 8/15/2054  | 37315 | 33817 |
| U.S. Treasury 4.625% 2/15/2055  | 6175 | 5961 |
| U.S. Treasury 4.75% 8/15/2055  | 46670 | 45984 |
|  |  | 2268618 |
| **U.S. Treasury inflation-protected securities 0.04%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.125% 1/15/2030 <sup>(m)</sup>  | 12655 | 12008 |
| **Total U.S. Treasury bonds & notes** |  | 2280626 |
| **Corporate bonds and notes 7.15%** | **Corporate bonds and notes 7.15%** | **Corporate bonds and notes 7.15%** |
| **Financials 1.38%** |  |  |
| AerCap Ireland Capital DAC 2.45% 10/29/2026  | 4890 | 4825 |
| AG Issuer, LLC 6.25% 3/1/2028 <sup>(f)</sup>  | 4470 | 4505 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(f)</sup>  | 1940 | 1936 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(f)</sup>  | 2295 | 2305 |
| Ally Financial, Inc. 8.00% 11/1/2031  | 2688 | 3054 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(l)</sup>  | 2407 | 2630 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(l)</sup>  | 2885 | 2998 |
| American International Group, Inc. 5.125% 3/27/2033  | 2187 | 2252 |
| American International Group, Inc. 5.45% 5/7/2035  | 530 | 552 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(f)</sup>  | 1348 | 1327 |
| Aon North America, Inc. 5.45% 3/1/2034  | 600 | 624 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(f)</sup>  | 2415 | 2520 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(f)</sup>  | 1250 | 1261 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 3194 | 3229 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 567 | 545 |
| Asurion, LLC 8.00% 12/31/2032 <sup>(f)</sup>  | 3600 | 3737 |
| Athene Holding, Ltd. 6.625% 5/19/2055  | 770 | 785 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **112** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.90% on 9/25/2029) <sup>(l)</sup>  | USD2,176 | $2066 |
| Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028) <sup>(l)</sup>  | 485 | 463 |
| Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028) <sup>(l)</sup>  | 5533 | 5776 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(l)</sup>  | 1000 | 895 |
| Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033) <sup>(l)</sup>  | 4064 | 4185 |
| Bank of Montreal 4.10% 12/15/2027 (USD-SOFR + 0.525% on 12/15/2026) <sup>(l)</sup>  | 2000 | 2005 |
| BBVA Bancomer SA 7.625% 2/11/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.375% on <br> 2/11/2030) <sup>(f)(l)</sup>  | 2220 | 2337 |
| Berkshire Hathaway, Inc. 3.125% 3/15/2026  | 448 | 447 |
| Blackstone Private Credit Fund 5.95% 7/16/2029  | 8721 | 8902 |
| Blackstone Private Credit Fund 6.00% 11/22/2034  | 2020 | 2041 |
| Block, Inc. 5.625% 8/15/2030 <sup>(f)</sup>  | 2110 | 2154 |
| Block, Inc. 3.50% 6/1/2031  | 2325 | 2187 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 1230 | 1226 |
| Blue Owl Credit Income Corp. 6.65% 3/15/2031  | 800 | 825 |
| BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) <sup>(f)(l)</sup>  | 2535 | 2400 |
| Boost Newco Borrower, LLC 7.50% 1/15/2031 <sup>(f)</sup>  | 1150 | 1223 |
| BPCE SA 5.876% 1/14/2031 (USD-SOFR + 1.68% on 1/14/2030) <sup>(f)(l)</sup>  | 8155 | 8527 |
| Brown & Brown, Inc. 4.60% 12/23/2026  | 1250 | 1257 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 358 | 367 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 7665 | 7864 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 5952 | 6197 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(f)(l)</sup>  | 938 | 975 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 880 | 878 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 4623 | 4731 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 600 | 603 |
| Chubb INA Holdings, LLC 4.35% 11/3/2045  | 400 | 350 |
| Cipher Compute, LLC 7.125% 11/15/2030 <sup>(f)</sup>  | 1845 | 1881 |
| Citibank, NA 4.914% 5/29/2030  | 4825 | 4965 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(l)</sup>  | 6497 | 6591 |
| Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029) <sup>(l)</sup>  | 2242 | 2301 |
| Citigroup, Inc. 4.542% 9/19/2030 (USD-SOFR + 1.338% on 9/19/2029) <sup>(l)</sup>  | 4257 | 4294 |
| Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030) <sup>(l)</sup>  | 53 | 49 |
| Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) <sup>(l)</sup>  | 2506 | 2246 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(l)</sup>  | 1299 | 1361 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(l)</sup>  | 1551 | 1587 |
| CME Group, Inc. 3.75% 6/15/2028  | 3069 | 3074 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(f)</sup>  | 6514 | 6211 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(f)</sup>  | 5766 | 5145 |
| Corebridge Financial, Inc. 3.65% 4/5/2027  | 914 | 909 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 556 | 547 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 315 | 299 |
| Corebridge Financial, Inc. 4.35% 4/5/2042  | 182 | 156 |
| Corebridge Financial, Inc. 4.40% 4/5/2052  | 438 | 356 |
| Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027) <sup>(l)</sup>  | 6650 | 6542 |
| Deutsche Bank AG 5.706% 2/8/2028 (USD-SOFR + 1.594% on 2/8/2027) <sup>(l)</sup>  | 1109 | 1127 |
| Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028) <sup>(l)</sup>  | 2016 | 2111 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(l)</sup>  | 750 | 801 |
| Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030) <sup>(l)</sup>  | 300 | 286 |
| Freedom Mortgage Holdings, LLC 6.875% 5/1/2031 <sup>(f)</sup>  | 3600 | 3604 |
| Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026) <sup>(l)</sup>  | 1970 | 1937 |
| Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027) <sup>(l)</sup>  | 3584 | 3529 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(l)</sup>  | 1375 | 1437 |
| Goldman Sachs Group, Inc. 4.692% 10/23/2030 (USD-SOFR + 1.135% on 10/23/2029) <sup>(l)</sup>  | 2184 | 2214 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(l)</sup>  | 5033 | 5022 |
| Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) <sup>(l)</sup>  | 1443 | 1433 |
| Goldman Sachs Group, Inc. 3.21% 4/22/2042 (USD-SOFR + 1.513% on 4/22/2041) <sup>(l)</sup>  | 1792 | 1389 |
| HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031) <sup>(l)</sup>  | 937 | 858 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(l)</sup>  | 873 | 794 |

---

---

| | |
|:---|:---|
| **113** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(l)</sup>  | USD15,084 | $15569 |
| HSBC Holdings PLC 5.79% 5/13/2036 (USD-SOFR + 1.88% on 5/13/2035) <sup>(l)</sup>  | 809 | 855 |
| HSBC Holdings PLC 5.133% 11/6/2036 (USD-SOFR + 1.43% on 11/6/2035) <sup>(l)</sup>  | 480 | 481 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(l)</sup>  | 537 | 589 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(f)</sup>  | 690 | 725 |
| Intercontinental Exchange, Inc. 5.25% 6/15/2031  | 2020 | 2117 |
| Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% <br> on 11/21/2032) <sup>(f)(l)</sup>  | 4122 | 4869 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(f)</sup>  | 560 | 568 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(f)</sup>  | 1485 | 1411 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(f)</sup>  | 4700 | 4909 |
| Jefferson Capital Holdings, LLC 8.25% 5/15/2030 <sup>(f)</sup>  | 330 | 347 |
| JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026) <sup>(l)</sup>  | 2666 | 2659 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(l)</sup>  | 1066 | 1077 |
| JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027) <sup>(l)</sup>  | 1550 | 1557 |
| JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) <sup>(l)</sup>  | 3351 | 3395 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(l)</sup>  | 3630 | 3666 |
| JPMorgan Chase & Co. 6.087% 10/23/2029 (USD-SOFR + 1.57% on 10/23/2028) <sup>(l)</sup>  | 4250 | 4478 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(l)</sup>  | 927 | 967 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(l)</sup>  | 4261 | 4322 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(l)</sup>  | 2360 | 2105 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(l)</sup>  | 1081 | 1116 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(l)</sup>  | 2931 | 3076 |
| Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 1.70% on 10/2/2026) <sup>(l)</sup>  | 1222 | 1207 |
| Marsh & McLennan Cos., Inc. 4.375% 3/15/2029  | 1705 | 1723 |
| Marsh & McLennan Cos., Inc. 4.85% 11/15/2031  | 7000 | 7184 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 2250 | 2280 |
| Marsh & McLennan Cos., Inc. 4.90% 3/15/2049  | 719 | 652 |
| Marsh & McLennan Cos., Inc. 2.90% 12/15/2051  | 920 | 586 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 2000 | 1927 |
| Mastercard, Inc. 4.35% 1/15/2032  | 551 | 554 |
| Mastercard, Inc. 4.85% 3/9/2033  | 258 | 265 |
| Metropolitan Life Global Funding I 5.15% 3/28/2033 <sup>(f)</sup>  | 1600 | 1647 |
| Morgan Stanley 3.125% 7/27/2026  | 325 | 324 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(l)</sup>  | 2013 | 2053 |
| Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028) <sup>(l)</sup>  | 3995 | 4086 |
| Morgan Stanley 5.449% 7/20/2029 (USD-SOFR + 1.63% on 7/20/2028) <sup>(l)</sup>  | 1547 | 1597 |
| Morgan Stanley 5.042% 7/19/2030 (USD-SOFR + 1.215% on 7/19/2029) <sup>(l)</sup>  | 3121 | 3201 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(l)</sup>  | 875 | 903 |
| Morgan Stanley 2.699% 1/22/2031 (USD-SOFR + 1.143% on 1/22/2030) <sup>(l)</sup>  | 575 | 540 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(l)</sup>  | 410 | 423 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(l)</sup>  | 3906 | 3894 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(l)</sup>  | 6468 | 6413 |
| Navient Corp. 6.75% 6/15/2026  | 150 | 152 |
| Navient Corp. 5.50% 3/15/2029  | 11105 | 11032 |
| Navient Corp. 11.50% 3/15/2031  | 4860 | 5447 |
| Navient Corp. 7.875% 6/15/2032  | 1095 | 1147 |
| New York Life Global Funding 2.35% 7/14/2026 <sup>(f)</sup>  | 529 | 525 |
| New York Life Global Funding 4.55% 1/28/2033 <sup>(f)</sup>  | 1132 | 1129 |
| Northwestern Mutual Global Funding 1.75% 1/11/2027 <sup>(f)</sup>  | 2240 | 2194 |
| PayPal Holdings, Inc. 2.65% 10/1/2026  | 593 | 588 |
| PayPal Holdings, Inc. 2.30% 6/1/2030  | 552 | 511 |
| PennyMac Financial Services, Inc. 6.875% 2/15/2033 <sup>(f)</sup>  | 1375 | 1436 |
| Planet Financial Group, LLC 10.50% 12/15/2029 <sup>(f)</sup>  | 221 | 233 |
| PNC Bank, NA 4.543% 5/13/2027 (USD-SOFR + 0.63% on 5/13/2026) <sup>(l)</sup>  | 1720 | 1723 |
| PNC Bank, NA 5.373% 7/21/2036 (USD-SOFR + 1.417% on 7/21/2035) <sup>(l)</sup>  | 442 | 455 |
| PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) <sup>(l)</sup>  | 596 | 622 |
| Power Finance Corp., Ltd. 5.25% 8/10/2028  | 383 | 392 |
| Power Finance Corp., Ltd. 6.15% 12/6/2028  | 350 | 368 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **114** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Power Finance Corp., Ltd. 4.50% 6/18/2029  | USD554 | $554 |
| Power Finance Corp., Ltd. 3.95% 4/23/2030  | 1213 | 1183 |
| Prudential Financial, Inc. 4.35% 2/25/2050  | 1976 | 1644 |
| Prudential Financial, Inc. 3.70% 3/13/2051  | 677 | 507 |
| Rocket Companies, Inc. 7.125% 2/1/2032 <sup>(f)</sup>  | 1230 | 1295 |
| Rocket Mortgage, LLC 2.875% 10/15/2026 <sup>(f)</sup>  | 2110 | 2081 |
| Rocket Mortgage, LLC 3.625% 3/1/2029 <sup>(f)</sup>  | 1505 | 1455 |
| SLM Corp. 6.50% 1/31/2030  | 1460 | 1513 |
| Starwood Property Trust, Inc. 4.375% 1/15/2027 <sup>(f)</sup>  | 3580 | 3560 |
| Starwood Property Trust, Inc. 5.25% 10/15/2028 <sup>(f)</sup>  | 4650 | 4701 |
| Starwood Property Trust, Inc. 7.25% 4/1/2029 <sup>(f)</sup>  | 970 | 1026 |
| Swiss Re Finance (Luxembourg) SA 5.00% 4/2/2049 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 3.582% on 4/2/2029) <sup>(f)(l)</sup>  | 1000 | 1008 |
| Travelers Cos., Inc. 4.00% 5/30/2047  | 771 | 629 |
| Truist Bank 4.671% 5/20/2027 (USD-SOFR + 0.59% on 5/20/2026) <sup>(l)</sup>  | 2000 | 2004 |
| Truist Financial Corp. 7.161% 10/30/2029 (USD-SOFR + 2.446% on 10/30/2028) <sup>(l)</sup>  | 1677 | 1809 |
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(l)</sup>  | 506 | 520 |
| U.S. Bancorp 2.375% 7/22/2026  | 3584 | 3558 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(l)</sup>  | 3808 | 3959 |
| UBS Group AG 3.869% 1/12/2029 (3-month USD CME Term SOFR + 1.672% on 1/12/2028) <sup>(f)(l)</sup>  | 800 | 796 |
| UBS Group AG 5.428% 2/8/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on <br>2/8/2029) <sup>(f)(l)</sup>  | 3575 | 3699 |
| UniCredit SpA 4.625% 4/12/2027 <sup>(f)</sup>  | 625 | 629 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(f)</sup>  | 5950 | 6317 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(l)</sup>  | 6295 | 6426 |
| Wells Fargo & Co. 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(l)</sup>  | 358 | 350 |
| Wells Fargo & Co. 6.303% 10/23/2029 (USD-SOFR + 1.79% on 10/23/2028) <sup>(l)</sup>  | 6474 | 6842 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(l)</sup>  | 3360 | 3721 |
| Westpac Banking Corp. 2.668% 11/15/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.75% on 11/15/2030) <sup>(l)</sup>  | 2980 | 2701 |
| Westpac Banking Corp. 2.963% 11/16/2040  | 1344 | 1025 |
| WEX, Inc. 6.50% 3/15/2033 <sup>(f)</sup>  | 1025 | 1053 |
|  |  | 381858 |
| **Communication services 1.00%** |  |  |
| Alphabet, Inc. 4.375% 11/15/2032  | 177 | 178 |
| Alphabet, Inc. 4.70% 11/15/2035  | 4643 | 4646 |
| Alphabet, Inc. 5.25% 5/15/2055  | 4660 | 4467 |
| Alphabet, Inc. 5.45% 11/15/2055  | 7155 | 7024 |
| Alphabet, Inc. 5.30% 5/15/2065  | 1654 | 1557 |
| Altice France 6.50% 4/15/2032 <sup>(f)</sup>  | 3440 | 3300 |
| AT&T, Inc. 3.50% 9/15/2053  | 5140 | 3442 |
| CCO Holdings, LLC 5.125% 5/1/2027 <sup>(f)</sup>  | 3200 | 3197 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(f)</sup>  | 1350 | 1290 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(f)</sup>  | 3115 | 2849 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 7189 | 6457 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(f)</sup>  | 2085 | 1828 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(f)</sup>  | 3260 | 2775 |
| Charter Communications Operating, LLC 4.40% 4/1/2033  | 1000 | 942 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 4823 | 3627 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 5493 | 3471 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 11863 | 7667 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 4965 | 3933 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 1048 | 1006 |
| Comcast Corp. 2.35% 1/15/2027  | 57 | 56 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(f)</sup>  | 8125 | 8629 |
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(f)</sup>  | 1400 | 1201 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(f)</sup>  | 2352 | 2367 |

---

---

| | |
|:---|:---|
| **115** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Communication services (continued)** |  |  |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(f)</sup>  | USD2,825 | $2862 |
| Discovery Communications, LLC 4.125% 5/15/2029  | 1100 | 1064 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(f)</sup>  | 10154 | 10574 |
| EchoStar Corp. 10.75% 11/30/2029  | 6925 | 7663 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(g)</sup>  | 3759 | 3855 |
| Embarq, LLC 7.995% 6/1/2036  | 8084 | 3355 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(f)</sup>  | 6550 | 6604 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 5591 | 5663 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(f)</sup>  | 3196 | 3253 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(f)</sup>  | 1100 | 1150 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(f)</sup>  | 6574 | 7081 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(f)</sup>  | 1656 | 1286 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(f)</sup>  | 4790 | 3596 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(f)</sup>  | 495 | 514 |
| Ligado Networks, LLC 17.50% PIK 11/1/2023 <sup>(f)(g)(n)</sup>  | 7520 | 1918 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(f)</sup>  | 815 | 851 |
| Meta Platforms, Inc. 4.60% 11/15/2032  | 10688 | 10777 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 11777 | 11766 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 3092 | 3004 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 7084 | 6596 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 4890 | 4697 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 3180 | 3036 |
| Nexstar Media, Inc. 5.625% 7/15/2027 <sup>(f)</sup>  | 1875 | 1886 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(f)</sup>  | 2950 | 2930 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(f)</sup>  | 7802 | 7635 |
| Sinclair Television Group, Inc. 8.125% 2/15/2033 <sup>(f)</sup>  | 1375 | 1437 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(f)</sup>  | 6650 | 6509 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(f)</sup>  | 7282 | 6931 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(f)</sup>  | 7547 | 6955 |
| Take-Two Interactive Software, Inc. 4.00% 4/14/2032  | 2185 | 2120 |
| T-Mobile USA, Inc. 1.50% 2/15/2026  | 52 | 52 |
| T-Mobile USA, Inc. 2.05% 2/15/2028  | 34 | 33 |
| T-Mobile USA, Inc. 4.95% 3/15/2028  | 1918 | 1955 |
| T-Mobile USA, Inc. 4.80% 7/15/2028  | 416 | 424 |
| T-Mobile USA, Inc. 5.30% 5/15/2035  | 3347 | 3433 |
| T-Mobile USA, Inc. 4.95% 11/15/2035  | 833 | 828 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(f)</sup>  | 300 | 311 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(f)</sup>  | 6234 | 5993 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(f)</sup>  | 1216 | 1240 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(f)</sup>  | 1375 | 1479 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 410 | 375 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 4078 | 3595 |
| Verizon Communications, Inc. 4.75% 1/15/2033  | 3196 | 3194 |
| Verizon Communications, Inc. 5.05% 5/9/2033  | 1946 | 1997 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 5810 | 5907 |
| Verizon Communications, Inc. 5.00% 1/15/2036  | 6873 | 6817 |
| Verizon Communications, Inc. 5.401% 7/2/2037 <sup>(f)</sup>  | 181 | 183 |
| Verizon Communications, Inc. 2.85% 9/3/2041  | 238 | 172 |
| Verizon Communications, Inc. 5.75% 11/30/2045  | 1493 | 1483 |
| Verizon Communications, Inc. 5.875% 11/30/2055  | 2781 | 2750 |
| Verizon Communications, Inc. 2.987% 10/30/2056  | 1537 | 916 |
| Verizon Communications, Inc. 6.00% 11/30/2065  | 1681 | 1661 |
| Versant Media Group, Inc. 7.25% 1/30/2031 <sup>(f)</sup>  | 1445 | 1492 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 2163 | 2152 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 825 | 803 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 6050 | 5318 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 9640 | 6808 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 1425 | 942 |
|  |  | 275790 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **116** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary 0.91%** |  |  |
| Alibaba Group Holding, Ltd. 2.125% 2/9/2031  | USD501 | $455 |
| Alibaba Group Holding, Ltd. 4.50% 11/28/2034  | 766 | 757 |
| Alibaba Group Holding, Ltd. 4.00% 12/6/2037  | 200 | 184 |
| Amazon.com, Inc. 4.10% 11/20/2030  | 1700 | 1702 |
| Amazon.com, Inc. 4.65% 11/20/2035  | 7700 | 7672 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 6392 | 6243 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(f)</sup>  | 2115 | 2081 |
| Beach Acquisition Bidco, LLC 10.75% PIK or 10.00% Cash 7/15/2033 <sup>(f)(g)</sup>  | 7125 | 7871 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(f)</sup>  | 2375 | 2341 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(f)</sup>  | 1500 | 1517 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(f)</sup>  | 1270 | 1312 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(f)</sup>  | 6570 | 6672 |
| Daimler Trucks Finance North America, LLC 5.125% 1/19/2028 <sup>(f)</sup>  | 604 | 616 |
| Daimler Trucks Finance North America, LLC 2.375% 12/14/2028 <sup>(f)</sup>  | 1350 | 1285 |
| Daimler Trucks Finance North America, LLC 5.125% 9/25/2029 <sup>(f)</sup>  | 3281 | 3370 |
| Daimler Trucks Finance North America, LLC 5.25% 1/13/2030 <sup>(f)</sup>  | 8140 | 8387 |
| Flutter Treasury DAC 5.875% 6/4/2031 <sup>(f)</sup>  | 5937 | 6023 |
| Flutter Treasury DAC 6.125% 6/4/2031  | GBP1,700 | 2312 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | USD2,111 | 2215 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 3385 | 3460 |
| Ford Motor Credit Co., LLC 5.875% 11/7/2029  | 6830 | 7014 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 6818 | 6926 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 4600 | 4813 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 1425 | 1531 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 10930 | 11111 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 4800 | 4975 |
| Ford Motor Credit Co., LLC 5.869% 10/31/2035  | 16021 | 15829 |
| General Motors Financial Co., Inc. 5.35% 1/7/2030  | 10705 | 11058 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 5417 | 5651 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(f)</sup>  | 3525 | 3563 |
| Group 1 Automotive, Inc. 6.375% 1/15/2030 <sup>(f)</sup>  | 1385 | 1428 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(f)</sup>  | 1885 | 1806 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(f)</sup>  | 3580 | 3480 |
| Home Depot, Inc. 1.50% 9/15/2028  | 3000 | 2832 |
| Home Depot, Inc. 3.90% 12/6/2028  | 825 | 828 |
| Home Depot, Inc. 2.95% 6/15/2029  | 1174 | 1136 |
| Home Depot, Inc. 1.875% 9/15/2031  | 3000 | 2646 |
| Home Depot, Inc. 4.50% 12/6/2048  | 428 | 370 |
| Home Depot, Inc. 5.30% 6/25/2054  | 3000 | 2872 |
| Hyatt Hotels Corp. 5.05% 3/30/2028  | 3726 | 3796 |
| Hyatt Hotels Corp. 5.75% 3/30/2032  | 3520 | 3690 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(f)</sup>  | 762 | 753 |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(f)</sup>  | 3905 | 3929 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(f)</sup>  | 1334 | 1349 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(f)</sup>  | 6273 | 6381 |
| Hyundai Capital America 2.375% 10/15/2027 <sup>(f)</sup>  | 2311 | 2244 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(f)</sup>  | 4992 | 5071 |
| Hyundai Capital America 2.10% 9/15/2028 <sup>(f)</sup>  | 2756 | 2608 |
| Hyundai Capital America 5.30% 1/8/2030 <sup>(f)</sup>  | 10081 | 10392 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(f)</sup>  | 4980 | 5098 |
| Hyundai Capital America 5.40% 1/8/2031 <sup>(f)</sup>  | 991 | 1024 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(f)</sup>  | 2445 | 2448 |
| KB Home 7.25% 7/15/2030  | 1295 | 1339 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(f)</sup>  | 440 | 434 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(f)</sup>  | 1025 | 1085 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(f)</sup>  | 2900 | 2806 |
| Lithia Motors, Inc. 4.375% 1/15/2031 <sup>(f)</sup>  | 1025 | 986 |
| Marriott International, Inc. 4.90% 4/15/2029  | 1207 | 1236 |
| Marriott International, Inc. 2.75% 10/15/2033  | 2500 | 2188 |
| Marriott Ownership Resorts, Inc. 4.50% 6/15/2029 <sup>(f)</sup>  | 528 | 505 |

---

---

| | |
|:---|:---|
| **117** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** |  |  |
| McDonald's Corp. 4.60% 9/9/2032  | USD642 | $654 |
| Melco Resorts Finance, Ltd. 5.75% 7/21/2028 <sup>(f)</sup>  | 1710 | 1711 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(f)</sup>  | 715 | 751 |
| Newell Brands, Inc. 6.625% 9/15/2029  | 1850 | 1846 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 535 | 523 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 385 | 374 |
| Newell Brands, Inc. 7.375% 4/1/2036  | 1025 | 964 |
| Newell Brands, Inc. 7.50% 4/1/2046  | 475 | 397 |
| Nissan Motor Acceptance Corp. 1.85% 9/16/2026 <sup>(f)</sup>  | 320 | 313 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(f)</sup>  | 1940 | 2037 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(f)</sup>  | 1600 | 1701 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(f)</sup>  | 1220 | 1297 |
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(c)</sup>  | 1355 | 27 |
| Royal Caribbean Cruises, Ltd. 5.375% 7/15/2027 <sup>(f)</sup>  | 910 | 917 |
| Royal Caribbean Cruises, Ltd. 6.00% 2/1/2033 <sup>(f)</sup>  | 1030 | 1059 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 6767 | 6798 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 920 | 962 |
| Sands China, Ltd. 2.30% 3/8/2027  | 1859 | 1817 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(f)</sup>  | 530 | 471 |
| Starbucks Corp. 5.00% 2/15/2034  | 1457 | 1489 |
| Starbucks Corp. 5.40% 5/15/2035  | 2997 | 3118 |
| Toyota Motor Credit Corp. 0.80% 1/9/2026  | 384 | 384 |
| Toyota Motor Credit Corp. 1.90% 1/13/2027  | 2240 | 2199 |
| Travel + Leisure Co. 4.50% 12/1/2029 <sup>(f)</sup>  | 2100 | 2057 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(f)</sup>  | 1475 | 1449 |
|  |  | 251021 |
| **Health care 0.80%** |  |  |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(f)</sup>  | 5606 | 5834 |
| AbbVie, Inc. 5.20% 3/15/2035  | 3056 | 3166 |
| AbbVie, Inc. 5.40% 3/15/2054  | 4085 | 3975 |
| AbbVie, Inc. 5.60% 3/15/2055  | 2261 | 2268 |
| AdaptHealth, LLC 6.125% 8/1/2028 <sup>(f)</sup>  | 545 | 551 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(f)</sup>  | 1990 | 1937 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(f)</sup>  | 945 | 926 |
| Amgen, Inc. 5.25% 3/2/2030  | 129 | 134 |
| Amgen, Inc. 5.25% 3/2/2033  | 4050 | 4194 |
| Amgen, Inc. 5.60% 3/2/2043  | 1500 | 1510 |
| Amgen, Inc. 5.65% 3/2/2053  | 2464 | 2414 |
| Amgen, Inc. 4.40% 2/22/2062  | 1521 | 1190 |
| Amgen, Inc. 5.75% 3/2/2063  | 231 | 226 |
| AstraZeneca Finance, LLC 1.75% 5/28/2028  | 1677 | 1603 |
| AstraZeneca Finance, LLC 4.90% 2/26/2031  | 1658 | 1717 |
| AstraZeneca Finance, LLC 2.25% 5/28/2031  | 665 | 606 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 3181 | 3293 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(f)</sup>  | 4000 | 3964 |
| Bausch Health Cos., Inc. 4.875% 6/1/2028 <sup>(f)</sup>  | 1236 | 1107 |
| Bausch Health Cos., Inc. 11.00% 9/30/2028 <sup>(f)</sup>  | 620 | 643 |
| Bausch Health Cos., Inc. 5.25% 2/15/2031 <sup>(f)</sup>  | 1000 | 656 |
| Baxter International, Inc. 1.915% 2/1/2027  | 2061 | 2012 |
| Baxter International, Inc. 2.272% 12/1/2028  | 3180 | 3003 |
| Baxter International, Inc. 4.45% 2/15/2029  | 259 | 260 |
| Baxter International, Inc. 4.90% 12/15/2030  | 941 | 949 |
| Baxter International, Inc. 5.65% 12/15/2035  | 682 | 690 |
| Bayer US Finance, LLC 6.125% 11/21/2026 <sup>(f)</sup>  | 5419 | 5498 |
| Bayer US Finance, LLC 6.25% 1/21/2029 <sup>(f)</sup>  | 3092 | 3254 |
| Bristol-Myers Squibb Co. 5.10% 2/22/2031  | 187 | 195 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 825 | 858 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **118** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** |  |  |
| CHS / Community Health Systems, Inc. 6.00% 1/15/2029 <sup>(f)</sup>  | USD1,750 | $1756 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(f)</sup>  | 257 | 281 |
| Cigna Group (The) 5.25% 1/15/2036  | 7390 | 7528 |
| Cigna Group (The) 6.00% 1/15/2056  | 4957 | 5101 |
| CVS Health Corp. 5.00% 1/30/2029  | 3831 | 3913 |
| CVS Health Corp. 5.40% 6/1/2029  | 4144 | 4294 |
| CVS Health Corp. 5.55% 6/1/2031  | 3039 | 3182 |
| CVS Health Corp. 5.70% 6/1/2034  | 4053 | 4249 |
| CVS Health Corp. 6.20% 9/15/2055  | 4630 | 4704 |
| DaVita, Inc. 3.75% 2/15/2031 <sup>(f)</sup>  | 2865 | 2653 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(f)</sup>  | 810 | 844 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(f)</sup>  | 1600 | 1660 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 610 | 624 |
| Elevance Health, Inc. 5.125% 2/15/2053  | 308 | 279 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 7000 | 6863 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 8075 | 8351 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(f)</sup>  | 2200 | 2328 |
| GE HealthCare Technologies, Inc. 4.80% 8/14/2029  | 1522 | 1556 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 2642 | 2777 |
| Gilead Sciences, Inc. 5.10% 6/15/2035  | 500 | 513 |
| Humana, Inc. 5.375% 4/15/2031  | 2862 | 2960 |
| Humana, Inc. 5.55% 5/1/2035  | 6289 | 6424 |
| Humana, Inc. 5.75% 4/15/2054  | 1359 | 1284 |
| Insulet Corp. 6.50% 4/1/2033 <sup>(f)</sup>  | 2885 | 3018 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(f)</sup>  | 2050 | 2122 |
| Medtronic Global Holdings S.C.A. 4.25% 3/30/2028  | 1983 | 1998 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(f)</sup>  | 545 | 536 |
| Novant Health, Inc. 3.168% 11/1/2051  | 3360 | 2246 |
| Novartis Capital Corp. 2.00% 2/14/2027  | 570 | 560 |
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(f)</sup>  | 6269 | 4260 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(f)</sup>  | 2300 | 1470 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 1000 | 947 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(f)</sup>  | 4445 | 4649 |
| Roche Holdings, Inc. 4.203% 9/9/2029 <sup>(f)</sup>  | 3450 | 3476 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(f)</sup>  | 2244 | 2240 |
| Summa Health 3.511% 11/15/2051  | 1483 | 1200 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 8987 | 9158 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 656 | 664 |
| Tenet Healthcare Corp. 4.625% 6/15/2028  | 645 | 649 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 1975 | 1947 |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | 5360 | 5310 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 11995 | 12140 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2000 | 2305 |
| UnitedHealth Group, Inc. 4.95% 1/15/2032  | 5863 | 6012 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 3650 | 3740 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 5621 | 5822 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 5400 | 5303 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 4549 | 4674 |
| Viatris, Inc. 4.00% 6/22/2050  | 2937 | 1957 |
|  |  | 221160 |
| **Information technology 0.67%** |  |  |
| Accenture Capital, Inc. 4.25% 10/4/2031  | 4734 | 4740 |
| Accenture Capital, Inc. 4.50% 10/4/2034  | 4453 | 4393 |
| Amphenol Corp. 3.90% 11/15/2028  | 1500 | 1499 |
| Amphenol Corp. 4.40% 2/15/2033  | 743 | 735 |
| Amphenol Corp. 4.625% 2/15/2036  | 12046 | 11806 |
| Amphenol Corp. 5.30% 11/15/2055  | 5758 | 5505 |

---

---

| | |
|:---|:---|
| **119** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Information technology (continued)** |  |  |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(f)</sup>  | USD1,340 | $1430 |
| Analog Devices, Inc. 5.05% 4/1/2034  | 1148 | 1187 |
| Analog Devices, Inc. 5.30% 4/1/2054  | 1579 | 1521 |
| Broadcom, Inc. 5.20% 7/15/2035  | 190 | 195 |
| Broadcom, Inc. 3.137% 11/15/2035 <sup>(f)</sup>  | 600 | 517 |
| Broadcom, Inc. 4.90% 2/15/2038  | 6167 | 6049 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 8669 | 8911 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(f)</sup>  | 4125 | 4182 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(f)</sup>  | 3750 | 3908 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(f)</sup>  | 2975 | 3111 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(f)</sup>  | 5703 | 5694 |
| CommScope, LLC 8.25% 3/1/2027 <sup>(f)</sup>  | 1527 | 1540 |
| CommScope, LLC 7.125% 7/1/2028 <sup>(f)</sup>  | 1973 | 1985 |
| CommScope, LLC 9.50% 12/15/2031 <sup>(f)</sup>  | 325 | 329 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(f)</sup>  | 7575 | 8080 |
| Fair Isaac Corp. 4.00% 6/15/2028 <sup>(f)</sup>  | 1050 | 1039 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(f)</sup>  | 3925 | 4044 |
| Gen Digital, Inc. 6.25% 4/1/2033 <sup>(f)</sup>  | 1375 | 1424 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 12971 | 12405 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 9228 | 8437 |
| Intel Corp. 3.05% 8/12/2051  | 3212 | 1977 |
| Intel Corp. 5.60% 2/21/2054  | 6636 | 6131 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 2688 | 2744 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(f)</sup>  | 4144 | 4500 |
| Oracle Corp. 5.25% 2/3/2032  | 493 | 493 |
| Oracle Corp. 5.50% 8/3/2035  | 647 | 634 |
| Oracle Corp. 5.20% 9/26/2035  | 7845 | 7519 |
| Oracle Corp. 5.875% 9/26/2045  | 280 | 253 |
| Oracle Corp. 6.00% 8/3/2055  | 4451 | 3929 |
| Oracle Corp. 5.95% 9/26/2055  | 4112 | 3646 |
| Oracle Corp. 6.10% 9/26/2065  | 3733 | 3295 |
| Pagaya US Holding Co., LLC 8.875% 8/1/2030 <sup>(f)</sup>  | 3700 | 3231 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 357 | 360 |
| Shift4 Payments, LLC 6.75% 8/15/2032 <sup>(f)</sup>  | 2400 | 2479 |
| Synopsys, Inc. 5.15% 4/1/2035  | 4181 | 4251 |
| Synopsys, Inc. 5.70% 4/1/2055  | 2521 | 2503 |
| Texas Instruments, Inc. 4.60% 2/8/2029  | 2222 | 2271 |
| Texas Instruments, Inc. 4.85% 2/8/2034  | 1203 | 1234 |
| Texas Instruments, Inc. 5.10% 5/23/2035  | 4500 | 4642 |
| Texas Instruments, Inc. 5.15% 2/8/2054  | 4750 | 4495 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(f)</sup>  | 950 | 977 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(f)</sup>  | 1228 | 1259 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(f)</sup>  | 6733 | 6748 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(f)</sup>  | 1900 | 1849 |
| Viasat, Inc. 7.50% 5/30/2031 <sup>(f)</sup>  | 3626 | 3452 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(e)(g)</sup>  | 945 | 1030 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(f)</sup>  | 2770 | 2856 |
| X.AI Corp. 12.50% 6/30/2030  | 2485 | 2651 |
|  |  | 186075 |
| **Energy 0.54%** |  |  |
| Antero Midstream Partners, LP 5.375% 6/15/2029 <sup>(f)</sup>  | 2390 | 2392 |
| Antero Midstream Partners, LP 6.625% 2/1/2032 <sup>(f)</sup>  | 175 | 181 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(f)</sup>  | 1270 | 1278 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(f)</sup>  | 510 | 529 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(f)</sup>  | 430 | 445 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(f)</sup>  | 2960 | 2979 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(f)</sup>  | 203 | 203 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **120** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Canadian Natural Resources, Ltd. 4.95% 6/1/2047  | USD1,397 | $1235 |
| Chord Energy Corp. 6.75% 3/15/2033 <sup>(f)</sup>  | 1325 | 1371 |
| Civitas Resources, Inc. 5.00% 10/15/2026 <sup>(f)</sup>  | 480 | 480 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(f)</sup>  | 2780 | 2868 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(f)</sup>  | 525 | 551 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(f)</sup>  | 735 | 763 |
| CNX Midstream Partners, LP 4.75% 4/15/2030 <sup>(f)</sup>  | 1055 | 1028 |
| CNX Resources Corp. 6.00% 1/15/2029 <sup>(f)</sup>  | 2675 | 2696 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(f)</sup>  | 553 | 575 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(f)</sup>  | 1180 | 1233 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(f)</sup>  | 2320 | 2415 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(f)</sup>  | 1510 | 1465 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(f)</sup>  | 1210 | 1149 |
| Devon Energy Corp. 5.20% 9/15/2034  | 1933 | 1925 |
| Devon Energy Corp. 5.75% 9/15/2054  | 7476 | 6874 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 2481 | 2347 |
| Enbridge, Inc. 3.70% 7/15/2027  | 56 | 56 |
| Enterprise Products Operating, LLC 5.05% 1/10/2026  | 3153 | 3153 |
| Enterprise Products Operating, LLC 5.20% 1/15/2036  | 987 | 1005 |
| Enterprise Products Operating, LLC 4.90% 5/15/2046  | 448 | 406 |
| EOG Resources, Inc. 4.40% 7/15/2028  | 410 | 415 |
| EOG Resources, Inc. 5.65% 12/1/2054  | 3079 | 3014 |
| EQT Corp. 7.50% 6/1/2030  | 642 | 707 |
| EQT Corp. 4.75% 1/15/2031  | 1635 | 1646 |
| Equinor ASA 4.25% 11/23/2041  | 1792 | 1593 |
| Expand Energy Corp. 4.875% 4/15/2022 <sup>(n)</sup>  | 7225 | 1 |
| Expand Energy Corp. 5.875% 2/1/2029 <sup>(f)</sup>  | 790 | 790 |
| Expand Energy Corp. 5.375% 3/15/2030  | 1645 | 1668 |
| Expand Energy Corp. 4.75% 2/1/2032  | 810 | 799 |
| Exxon Mobil Corp. 2.44% 8/16/2029  | 213 | 204 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 555 | 399 |
| Genesis Energy, LP 7.75% 2/1/2028  | 350 | 352 |
| Genesis Energy, LP 8.25% 1/15/2029  | 670 | 702 |
| Genesis Energy, LP 8.875% 4/15/2030  | 884 | 934 |
| Genesis Energy, LP 7.875% 5/15/2032  | 1120 | 1168 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(f)</sup>  | 420 | 427 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(f)</sup>  | 190 | 198 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(f)</sup>  | 750 | 767 |
| Hess Midstream Operations, LP 5.125% 6/15/2028 <sup>(f)</sup>  | 1655 | 1663 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(f)</sup>  | 960 | 942 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(f)</sup>  | 400 | 407 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(f)</sup>  | 465 | 454 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(f)</sup>  | 540 | 515 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(f)</sup>  | 475 | 487 |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(f)</sup>  | 1325 | 1345 |
| MPLX, LP 4.125% 3/1/2027  | 448 | 448 |
| MPLX, LP 5.40% 9/15/2035  | 1329 | 1339 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(f)</sup>  | 1745 | 1831 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(f)</sup>  | 1375 | 106 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(f)(n)</sup>  | 20423 | 5923 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(f)</sup>  | 300 | 303 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(f)</sup>  | 725 | 706 |
| Occidental Petroleum Corp. 6.60% 3/15/2046  | 2268 | 2353 |
| Occidental Petroleum Corp. 6.05% 10/1/2054  | 6482 | 6203 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(f)</sup>  | 586 | 632 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(f)</sup>  | 1020 | 1067 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(f)</sup>  | 800 | 821 |
| Petrobras Global Finance BV 5.125% 9/10/2030  | 5550 | 5446 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 1925 | 1956 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 1925 | 1864 |

---

---

| | |
|:---|:---|
| **121** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Petroleos Mexicanos 6.50% 6/2/2041  | USD41 | $36 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 16 | 13 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 139 | 114 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 23 | 18 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 2548 | 2285 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 163 | 133 |
| Plains All American Pipeline, LP 3.80% 9/15/2030  | 101 | 98 |
| Saudi Arabian Oil Co. 5.75% 7/17/2054 <sup>(f)</sup>  | 3799 | 3711 |
| Seadrill Finance, Ltd. 8.375% 8/1/2030 <sup>(f)</sup>  | 625 | 650 |
| South Bow USA Infrastructure Holdings, LLC 5.026% 10/1/2029  | 1668 | 1693 |
| Sunoco, LP 5.875% 7/15/2027 <sup>(f)</sup>  | 1550 | 1559 |
| Sunoco, LP 7.00% 9/15/2028 <sup>(f)</sup>  | 1475 | 1527 |
| Sunoco, LP 4.50% 5/15/2029  | 925 | 909 |
| Sunoco, LP 4.50% 4/30/2030  | 1105 | 1080 |
| Sunoco, LP 4.625% 5/1/2030 <sup>(f)</sup>  | 510 | 496 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(f)</sup>  | 550 | 554 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(f)</sup>  | 530 | 543 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(f)</sup>  | 580 | 580 |
| Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 4.23% on 9/18/2030) <sup>(f)(l)</sup>  | 1470 | 1511 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(f)</sup>  | 500 | 521 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(f)</sup>  | 85 | 89 |
| TGS ASA 8.50% 1/15/2030 <sup>(f)</sup>  | 1235 | 1294 |
| Tidewater, Inc. 9.125% 7/15/2030 <sup>(f)</sup>  | 445 | 478 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 3750 | 3527 |
| TransCanada Pipelines, Ltd. 4.25% 5/15/2028  | 977 | 979 |
| TransCanada Pipelines, Ltd. 4.10% 4/15/2030  | 536 | 530 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(f)</sup>  | 1125 | 1180 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(f)</sup>  | 358 | 366 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(f)</sup>  | 2000 | 1982 |
| Valero Energy Corp. 4.00% 4/1/2029  | 3584 | 3558 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(f)</sup>  | 3625 | 3674 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(f)</sup>  | 3680 | 3662 |
| Venture Global LNG, Inc. 9.00% junior subordinated perpetual preferred bonds (5-year UST Yield Curve <br> Rate T Note Constant Maturity + 5.44% on 9/30/2029) <sup>(f)(l)</sup>  | 2000 | 1581 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(f)</sup>  | 925 | 942 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(f)</sup>  | 5730 | 5872 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(f)</sup>  | 2035 | 2085 |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(f)</sup>  | 3298 | 3383 |
| Weatherford International, Ltd. 6.75% 10/15/2033 <sup>(f)</sup>  | 3030 | 3105 |
|  |  | 150515 |
| **Industrials 0.49%** |  |  |
| AAdvantage Loyalty IP, Ltd. 5.50% 4/20/2026 <sup>(f)</sup>  | 167 | 168 |
| Albion Financing 1 SARL 7.00% 5/21/2030 <sup>(f)</sup>  | 3525 | 3693 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(f)</sup>  | 5175 | 5355 |
| Axon Enterprise, Inc. 6.25% 3/15/2033 <sup>(f)</sup>  | 5835 | 6095 |
| BAE Systems PLC 5.125% 3/26/2029 <sup>(f)</sup>  | 3403 | 3502 |
| BAE Systems PLC 5.25% 3/26/2031 <sup>(f)</sup>  | 2663 | 2769 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(f)</sup>  | 2772 | 2872 |
| BAE Systems PLC 5.50% 3/26/2054 <sup>(f)</sup>  | 599 | 603 |
| Boeing Co. (The) 3.10% 5/1/2026  | 251 | 250 |
| Boeing Co. (The) 3.25% 2/1/2028  | 2000 | 1968 |
| Boeing Co. (The) 5.15% 5/1/2030  | 945 | 971 |
| Boeing Co. (The) 3.625% 2/1/2031  | 178 | 171 |
| Boeing Co. (The) 6.388% 5/1/2031  | 227 | 246 |
| Boeing Co. (The) 3.60% 5/1/2034  | 2500 | 2276 |
| Boeing Co. (The) 6.528% 5/1/2034  | 6029 | 6672 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **122** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** |  |  |
| Boeing Co. (The) 5.805% 5/1/2050  | USD3,605 | $3551 |
| Boeing Co. (The) 6.858% 5/1/2054  | 2113 | 2375 |
| Boeing Co. (The) 7.008% 5/1/2064  | 1301 | 1484 |
| Brink's Co. (The) 4.625% 10/15/2027 <sup>(f)</sup>  | 2385 | 2386 |
| Brink's Co. (The) 6.50% 6/15/2029 <sup>(f)</sup>  | 485 | 502 |
| Brink's Co. (The) 6.75% 6/15/2032 <sup>(f)</sup>  | 850 | 890 |
| Canadian Pacific Railway Co. 1.75% 12/2/2026  | 1385 | 1358 |
| Canadian Pacific Railway Co. 5.20% 3/30/2035  | 2705 | 2786 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 209 | 157 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 653 | 434 |
| Carpenter Technology Corp. 5.625% 3/1/2034 <sup>(f)</sup>  | 1795 | 1825 |
| Chart Industries, Inc. 7.50% 1/1/2030 <sup>(f)</sup>  | 1347 | 1406 |
| CSX Corp. 4.25% 3/15/2029  | 1062 | 1072 |
| CSX Corp. 5.05% 6/15/2035  | 6111 | 6218 |
| FTAI Aviation Investors, LLC 5.50% 5/1/2028 <sup>(f)</sup>  | 1540 | 1545 |
| General Electric Co. 4.90% 1/29/2036  | 1627 | 1653 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(f)</sup>  | 1510 | 1590 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(f)</sup>  | 505 | 536 |
| Icahn Enterprises, LP 4.375% 2/1/2029  | 2500 | 2166 |
| L3Harris Technologies, Inc. 5.40% 7/31/2033  | 4059 | 4229 |
| Lockheed Martin Corp. 5.70% 11/15/2054  | 1657 | 1675 |
| Norfolk Southern Corp. 4.45% 3/1/2033  | 1515 | 1511 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 2842 | 2912 |
| Norfolk Southern Corp. 3.05% 5/15/2050  | 2746 | 1813 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 4136 | 3954 |
| Northrop Grumman Corp. 3.25% 1/15/2028  | 3132 | 3093 |
| OneSky Flight, LLC 8.875% 12/15/2029 <sup>(f)</sup>  | 1125 | 1205 |
| Otis Worldwide Corp. 2.293% 4/5/2027  | 1913 | 1875 |
| Paychex, Inc. 5.60% 4/15/2035  | 427 | 447 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(f)</sup>  | 1455 | 1521 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(f)</sup>  | 1035 | 996 |
| RTX Corp. 5.15% 2/27/2033  | 2669 | 2758 |
| RTX Corp. 5.375% 2/27/2053  | 3950 | 3816 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(f)</sup>  | 480 | 487 |
| Siemens Funding BV 5.80% 5/28/2055 <sup>(f)</sup>  | 6288 | 6588 |
| Siemens Funding BV 5.90% 5/28/2065 <sup>(f)</sup>  | 5581 | 5861 |
| Standard Building Solutions, Inc. 6.25% 8/1/2033 <sup>(f)</sup>  | 2480 | 2535 |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(c)(f)</sup>  | 393 | 393 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(f)</sup>  | 1485 | 1547 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(f)</sup>  | 4100 | 4257 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(f)</sup>  | 2625 | 2736 |
| Union Pacific Corp. 2.40% 2/5/2030  | 2163 | 2026 |
| Union Pacific Corp. 5.10% 2/20/2035  | 2865 | 2958 |
| Union Pacific Corp. 3.50% 2/14/2053  | 42 | 30 |
| Union Pacific Corp. 5.60% 12/1/2054  | 2614 | 2609 |
| Union Pacific Corp. 3.839% 3/20/2060  | 546 | 395 |
| Union Pacific Corp. 3.799% 4/6/2071  | 545 | 375 |
|  |  | 136147 |
| **Consumer staples 0.37%** |  |  |
| 7-Eleven, Inc. 0.95% 2/10/2026 <sup>(f)</sup>  | 739 | 736 |
| Albertsons Cos., Inc. 4.875% 2/15/2030 <sup>(f)</sup>  | 1000 | 993 |
| Albertsons Cos., Inc. 5.50% 3/31/2031 <sup>(f)</sup>  | 2960 | 2995 |
| Albertsons Cos., Inc. 5.75% 3/31/2034 <sup>(f)</sup>  | 2750 | 2765 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 2090 | 2049 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(f)</sup>  | 2010 | 1980 |
| BAT Capital Corp. 6.343% 8/2/2030  | 124 | 134 |
| BAT Capital Corp. 4.625% 3/22/2033  | 2026 | 2015 |

---

---

| | |
|:---|:---|
| **123** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer staples (continued)** |  |  |
| BAT Capital Corp. 6.421% 8/2/2033  | USD134 | $148 |
| BAT Capital Corp. 5.625% 8/15/2035  | 631 | 658 |
| BAT Capital Corp. 4.54% 8/15/2047  | 627 | 521 |
| BAT Capital Corp. 6.25% 8/15/2055  | 6250 | 6482 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 952 | 920 |
| Coca-Cola Co. 1.00% 3/15/2028  | 842 | 795 |
| Constellation Brands, Inc. 3.60% 2/15/2028  | 560 | 555 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 1333 | 1183 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(f)</sup>  | 507 | 512 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(f)</sup>  | 400 | 420 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(f)</sup>  | 1400 | 1412 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(f)</sup>  | 2250 | 2314 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(f)</sup>  | 2101 | 2148 |
| J. M. Smucker Co. (The) 5.90% 11/15/2028  | 2385 | 2500 |
| J. M. Smucker Co. (The) 6.20% 11/15/2033  | 1554 | 1685 |
| J. M. Smucker Co. (The) 6.50% 11/15/2043  | 229 | 246 |
| J. M. Smucker Co. (The) 6.50% 11/15/2053  | 806 | 873 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(f)</sup>  | 3408 | 3483 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(f)</sup>  | 1855 | 1913 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(f)</sup>  | 385 | 396 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(f)</sup>  | 6678 | 6657 |
| Mondelez International, Inc. 5.125% 5/6/2035  | 2176 | 2227 |
| Philip Morris International, Inc. 5.125% 11/17/2027  | 319 | 326 |
| Philip Morris International, Inc. 4.875% 2/15/2028  | 623 | 635 |
| Philip Morris International, Inc. 4.625% 11/1/2029  | 703 | 716 |
| Philip Morris International, Inc. 5.625% 11/17/2029  | 154 | 162 |
| Philip Morris International, Inc. 5.125% 2/15/2030  | 433 | 448 |
| Philip Morris International, Inc. 5.125% 2/13/2031  | 2275 | 2359 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 6194 | 6328 |
| Philip Morris International, Inc. 4.25% 10/29/2032  | 770 | 758 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 6755 | 6812 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 6407 | 6431 |
| Philip Morris International, Inc. 4.625% 10/29/2035  | 5859 | 5735 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(f)</sup>  | 2886 | 2813 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(f)</sup>  | 13279 | 13660 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(f)</sup>  | 1115 | 1045 |
| Reynolds American, Inc. 5.85% 8/15/2045  | 2030 | 2004 |
|  |  | 101947 |
| **Real estate 0.35%** |  |  |
| Alexandria Real Estate Equities, Inc. 3.80% 4/15/2026  | 282 | 282 |
| Alexandria Real Estate Equities, Inc. 3.95% 1/15/2028  | 1093 | 1089 |
| Alexandria Real Estate Equities, Inc. 2.75% 12/15/2029  | 1738 | 1632 |
| Alexandria Real Estate Equities, Inc. 3.375% 8/15/2031  | 1183 | 1107 |
| Alexandria Real Estate Equities, Inc. 1.875% 2/1/2033  | 3670 | 3011 |
| Alexandria Real Estate Equities, Inc. 4.85% 4/15/2049  | 367 | 311 |
| American Tower Corp. 1.45% 9/15/2026  | 246 | 242 |
| American Tower Corp. 3.55% 7/15/2027  | 1277 | 1268 |
| American Tower Corp. 3.60% 1/15/2028  | 896 | 888 |
| American Tower Corp. 1.50% 1/31/2028  | 2240 | 2128 |
| American Tower Corp. 2.30% 9/15/2031  | 1344 | 1194 |
| American Tower Corp. 2.95% 1/15/2051  | 1792 | 1146 |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(f)</sup>  | 3040 | 2955 |
| Anywhere Real Estate Group, LLC 7.00% 4/15/2030 <sup>(f)</sup>  | 1975 | 1975 |
| Boston Properties, LP 6.50% 1/15/2034  | 2223 | 2395 |
| Boston Properties, LP 5.75% 1/15/2035  | 3143 | 3234 |
| Extra Space Storage, LP 2.35% 3/15/2032  | 1241 | 1087 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(f)</sup>  | 1705 | 1713 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **124** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Real estate (continued)** |  |  |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(f)</sup>  | USD2,855 | $2777 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(f)</sup>  | 3900 | 3716 |
| Invitation Homes Operating Partnership, LP 2.00% 8/15/2031  | 2152 | 1883 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(f)</sup>  | 3785 | 3742 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(f)</sup>  | 2650 | 2528 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 1884 | 1929 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 5137 | 4979 |
| MPT Operating Partnership, LP 4.625% 8/1/2029  | 630 | 528 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(f)</sup>  | 3968 | 4240 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(f)</sup>  | 2280 | 2228 |
| Park Intermediate Holdings, LLC 7.00% 2/1/2030 <sup>(f)</sup>  | 1000 | 1030 |
| Piedmont Operating Partnership, LP 5.625% 1/15/2033  | 101 | 102 |
| Prologis, LP 4.875% 6/15/2028  | 1357 | 1390 |
| Prologis, LP 4.75% 6/15/2033  | 2359 | 2383 |
| Prologis, LP 5.00% 3/15/2034  | 1850 | 1887 |
| Prologis, LP 5.00% 1/31/2035  | 1033 | 1048 |
| Public Storage Operating Co. 1.85% 5/1/2028  | 2231 | 2131 |
| Public Storage Operating Co. 1.95% 11/9/2028  | 1816 | 1721 |
| Public Storage Operating Co. 2.30% 5/1/2031  | 644 | 583 |
| Scentre Group Trust 1 3.75% 3/23/2027 <sup>(f)</sup>  | 2178 | 2169 |
| Service Properties Trust 0% 9/30/2027 <sup>(f)</sup>  | 1000 | 905 |
| Service Properties Trust 5.50% 12/15/2027  | 655 | 647 |
| Service Properties Trust 3.95% 1/15/2028  | 1815 | 1715 |
| Service Properties Trust 8.375% 6/15/2029  | 4228 | 4254 |
| Service Properties Trust 4.95% 10/1/2029  | 2715 | 2368 |
| Service Properties Trust 4.375% 2/15/2030  | 705 | 598 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(f)</sup>  | 6775 | 7130 |
| Service Properties Trust 8.875% 6/15/2032  | 4628 | 4569 |
| Sun Communities Operating, LP 2.30% 11/1/2028  | 1653 | 1574 |
| Sun Communities Operating, LP 2.70% 7/15/2031  | 785 | 714 |
| Trust 2401 7.70% 1/23/2032 <sup>(f)</sup>  | 396 | 438 |
| Trust Fibra Uno 7.70% 1/23/2032 <sup>(f)</sup>  | 789 | 865 |
| UDR, Inc. 2.95% 9/1/2026  | 681 | 677 |
|  |  | 97105 |
| **Materials 0.33%** |  |  |
| Avient Corp. 7.125% 8/1/2030 <sup>(f)</sup>  | 855 | 884 |
| Avient Corp. 6.25% 11/1/2031 <sup>(f)</sup>  | 170 | 175 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 2648 | 2703 |
| Celanese US Holdings, LLC 6.665% 7/15/2027  | 1996 | 2059 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 2501 | 2637 |
| Celanese US Holdings, LLC 7.00% 2/15/2031  | 705 | 722 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 1618 | 1711 |
| Century Aluminum Co. 6.875% 8/1/2032 <sup>(f)</sup>  | 1300 | 1341 |
| Cleveland-Cliffs, Inc. 4.625% 3/1/2029 <sup>(f)</sup>  | 3625 | 3573 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(f)</sup>  | 1650 | 1710 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(f)</sup>  | 2275 | 2342 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(f)</sup>  | 775 | 747 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(f)</sup>  | 2000 | 2111 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(f)</sup>  | 2695 | 2766 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(f)</sup>  | 900 | 941 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(f)</sup>  | 1480 | 1048 |
| Dow Chemical Co. (The) 4.80% 1/15/2031  | 1290 | 1283 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 1735 | 1720 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 920 | 917 |
| Dow Chemical Co. (The) 4.80% 5/15/2049  | 435 | 343 |
| Dow Chemical Co. (The) 3.60% 11/15/2050  | 1057 | 683 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 4720 | 4299 |

---

---

| | |
|:---|:---|
| **125** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Materials (continued)** |  |  |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(f)</sup>  | USD5,370 | $5661 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(f)(g)(l)</sup>  | 2659 | 1516 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(f)</sup>  | 4548 | 4093 |
| International Flavors & Fragrances, Inc. 1.832% 10/15/2027 <sup>(f)</sup>  | 1406 | 1350 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(f)</sup>  | 1700 | 1738 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(f)</sup>  | 1335 | 1371 |
| Linde, Inc. 1.10% 8/10/2030  | 2633 | 2314 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 778 | 770 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 560 | 574 |
| LYB International Finance III, LLC 5.875% 1/15/2036  | 5842 | 5817 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(f)</sup>  | 6734 | 6976 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(f)</sup>  | 945 | 993 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(f)</sup>  | 1525 | 1587 |
| Mosaic Co. 4.05% 11/15/2027  | 941 | 941 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(f)</sup>  | 1270 | 1243 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(f)</sup>  | 3775 | 4036 |
| NOVA Chemicals Corp. 7.00% 12/1/2031 <sup>(f)</sup>  | 1130 | 1207 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(f)</sup>  | 1050 | 1097 |
| Rio Tinto Finance (USA) PLC 5.25% 3/14/2035  | 1339 | 1380 |
| Rio Tinto Finance (USA) PLC 5.75% 3/14/2055  | 3244 | 3312 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 473 | 482 |
| Solstice Advanced Materials, Inc. 5.625% 9/30/2033 <sup>(f)</sup>  | 1290 | 1302 |
| Synergy Infrastructure Holdings, LLC 7.875% 12/1/2030 <sup>(f)</sup>  | 1110 | 1154 |
| Veritiv Operating Co. 10.50% 11/30/2030 <sup>(f)</sup>  | 640 | 689 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(f)</sup>  | 2212 | 2265 |
| Westlake Corp. 4.375% 11/15/2047  | 448 | 348 |
|  |  | 90931 |
| **Utilities 0.31%** |  |  |
| Calpine Corp. 3.75% 3/1/2031 <sup>(f)</sup>  | 1975 | 1910 |
| CMS Energy Corp., junior subordinated, 6.50% 6/1/2055 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 1.961% on 6/1/2035) <sup>(l)</sup>  | 1375 | 1415 |
| Commonwealth Edison Co. 4.35% 11/15/2045  | 972 | 827 |
| Commonwealth Edison Co. 3.85% 3/15/2052  | 2330 | 1755 |
| Connecticut Light and Power Co. (The) 4.95% 8/15/2034  | 1837 | 1856 |
| Consumers Energy Co. 5.05% 5/15/2035  | 525 | 534 |
| Duke Energy Florida, LLC 4.85% 12/1/2035  | 2725 | 2714 |
| Duke Energy Indiana, LLC 3.25% 10/1/2049  | 850 | 582 |
| Duke Energy Progress, LLC 3.70% 10/15/2046  | 457 | 350 |
| Duke Energy Progress, LLC 2.50% 8/15/2050  | 202 | 118 |
| Duke Energy Progress, LLC 2.90% 8/15/2051  | 91 | 58 |
| Edison International 4.125% 3/15/2028  | 1225 | 1212 |
| Edison International 5.25% 11/15/2028  | 1537 | 1558 |
| Edison International 5.45% 6/15/2029  | 1419 | 1446 |
| Edison International 6.95% 11/15/2029  | 2280 | 2430 |
| Edison International 6.25% 3/15/2030  | 3493 | 3655 |
| Edison International 5.25% 3/15/2032  | 6672 | 6680 |
| Electricite de France SA 6.25% 5/23/2033 <sup>(f)</sup>  | 1075 | 1165 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate <br>T Note Constant Maturity + 5.411% on 6/15/2033) <sup>(f)(l)</sup>  | 1475 | 1721 |
| Emera US Finance, LP 3.55% 6/15/2026  | 287 | 286 |
| Enel Finance International NV 5.00% 9/30/2035 <sup>(f)</sup>  | 1280 | 1275 |
| Exelon Corp., junior subordinated, 6.50% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.975% on 3/15/2035) <sup>(l)</sup>  | 1000 | 1041 |
| FirstEnergy Transmission, LLC 2.866% 9/15/2028 <sup>(f)</sup>  | 605 | 585 |
| Florida Power & Light Co. 4.70% 2/15/2036  | 1525 | 1511 |
| Florida Power & Light Co. 5.60% 2/15/2066  | 100 | 99 |
| Ithaca Energy (North Sea) PLC 8.125% 10/15/2029 <sup>(f)</sup>  | 1000 | 1036 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **126** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** |  |  |
| MidAmerican Energy Co. 5.85% 9/15/2054  | USD875 | $904 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 700 | 709 |
| Northern States Power Co. 5.40% 3/15/2054  | 175 | 171 |
| Pacific Gas and Electric Co. 2.10% 8/1/2027  | 125 | 121 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 450 | 437 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 192 | 207 |
| Pacific Gas and Electric Co. 6.95% 3/15/2034  | 4588 | 5106 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 5359 | 5513 |
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | 4962 | 5219 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 90 | 68 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 2744 | 2322 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 206 | 139 |
| PacifiCorp 5.30% 2/15/2031  | 1258 | 1296 |
| PacifiCorp 5.45% 2/15/2034  | 796 | 808 |
| PacifiCorp 5.35% 12/1/2053  | 3298 | 2900 |
| PacifiCorp 5.80% 1/15/2055  | 575 | 537 |
| Public Service Electric and Gas Co. 3.60% 12/1/2047  | 548 | 413 |
| Rockies Express Pipeline, LLC 4.95% 7/15/2029 <sup>(f)</sup>  | 2689 | 2685 |
| Southern California Edison Co. 2.85% 8/1/2029  | 3988 | 3783 |
| Southern California Edison Co. 2.50% 6/1/2031  | 260 | 233 |
| Southern California Edison Co. 5.45% 6/1/2031  | 2240 | 2319 |
| Southern California Edison Co. 5.20% 6/1/2034  | 2260 | 2273 |
| Southern California Edison Co. 5.75% 4/1/2035  | 605 | 625 |
| Southern California Edison Co. 5.35% 7/15/2035  | 2688 | 2707 |
| Southern California Edison Co. 4.50% 9/1/2040  | 452 | 396 |
| Southern California Edison Co. 3.65% 2/1/2050  | 693 | 485 |
| Southern California Edison Co. 2.95% 2/1/2051  | 128 | 78 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(f)</sup>  | 400 | 424 |
| Virginia Electric & Power 2.40% 3/30/2032  | 2307 | 2055 |
| Wisconsin Electric Power Co. 4.15% 10/15/2030  | 2000 | 2000 |
| Xcel Energy, Inc. 5.60% 4/15/2035  | 23 | 24 |
| XPLR Infrastructure Operating Partners, LP 8.375% 1/15/2031 <sup>(f)</sup>  | 1150 | 1209 |
|  |  | 85985 |
| **Total corporate bonds and notes** |  | 1978534 |
| **Asset-backed obligations 1.91%** | **Asset-backed obligations 1.91%** | **Asset-backed obligations 1.91%** |
| **Auto loan 0.84%** |  |  |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(f)(h)</sup>  | 76 | 76 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(f)(h)</sup>  | 1131 | 1133 |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class B, 4.85% 5/14/2029 <sup>(f)(h)</sup>  | 232 | 233 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class C, 5.73% 7/12/2030 <sup>(f)(h)</sup>  | 3332 | 3365 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(f)(h)</sup>  | 1005 | 1011 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(f)(h)</sup>  | 6748 | 6735 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(f)(h)</sup>  | 46 | 46 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class A, 1.38% 8/20/2027 <sup>(f)(h)</sup>  | 10410 | 10290 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(f)(h)</sup>  | 29013 | 29532 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(f)(h)</sup>  | 4960 | 5164 |
| BofA Auto Trust, Series 2024-1, Class A3, 5.35% 11/15/2028 <sup>(f)(h)</sup>  | 2074 | 2096 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/2027 <sup>(h)</sup>  | 52 | 52 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3, 5.34% 4/17/2028 <sup>(h)</sup>  | 950 | 952 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A3, 4.72% 9/15/2028 <sup>(h)</sup>  | 856 | 858 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class B, 4.77% 8/15/2030 <sup>(h)</sup>  | 1679 | 1687 |
| CarMax Auto Owner Trust, Series 2024-2, Class A2A, 5.65% 5/17/2027 <sup>(h)</sup>  | 48 | 48 |
| CarMax Auto Owner Trust, Series 2024-3, Class A3, 4.89% 7/16/2029 <sup>(h)</sup>  | 8604 | 8712 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(h)</sup>  | 193 | 193 |
| Chase Auto Owner Trust, Series 2024-4A, Class A2, 5.25% 9/27/2027 <sup>(f)(h)</sup>  | 359 | 360 |
| Chase Auto Owner Trust, Series 2024-3, Class A2, 5.53% 9/27/2027 <sup>(f)(h)</sup>  | 174 | 174 |
| Chase Auto Owner Trust, Series 2024-4A, Class A3, 4.94% 7/25/2029 <sup>(f)(h)</sup>  | 5309 | 5362 |

---

---

| | |
|:---|:---|
| **127** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** |  |  |
| Chase Auto Owner Trust, Series 2024-3, Class A3, 5.22% 7/25/2029 <sup>(f)(h)</sup>  | USD4,257 | $4308 |
| CPS Auto Receivables Trust, Series 2024-C, Class A, 5.88% 2/15/2028 <sup>(f)(h)</sup>  | 161 | 161 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class A, 6.39% 8/15/2033 <sup>(f)(h)</sup>  | 1025 | 1030 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A2, 5.74% 12/20/2026 <sup>(f)(h)</sup>  | 317 | 318 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(f)(h)</sup>  | 1744 | 1750 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(f)(h)</sup>  | 136 | 136 |
| Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029 <sup>(f)(h)</sup>  | 458 | 460 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(h)</sup>  | 249 | 249 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(h)</sup>  | 930 | 932 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(f)(h)</sup>  | 5998 | 6205 |
| Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.87% 8/15/2036 <sup>(f)(h)(i)</sup>  | 13442 | 13799 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(f)(h)</sup>  | 3235 | 3263 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-2, Class A1, 4.06% 9/15/2030 <sup>(h)</sup>  | 7319 | 7350 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A2, 4.75% 3/15/2028 <sup>(f)(h)</sup>  | 364 | 365 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(f)(h)</sup>  | 667 | 669 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(f)(h)</sup>  | 623 | 628 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(f)(h)</sup>  | 8654 | 9090 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(f)(h)</sup>  | 6768 | 6887 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(h)</sup>  | 1762 | 1774 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class A, 2.33% 6/26/2028 <sup>(f)(h)</sup>  | 4391 | 4291 |
| Hertz Vehicle Financing III, LLC, Series 2022-5A, Class A, 3.89% 9/25/2028 <sup>(f)(h)</sup>  | 4445 | 4423 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class A, 6.15% 3/25/2030 <sup>(f)(h)</sup>  | 4585 | 4807 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(f)(h)</sup>  | 9236 | 9064 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(f)(h)</sup>  | 685 | 672 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(f)(h)</sup>  | 429 | 421 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(f)(h)</sup>  | 4771 | 4875 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(f)(h)</sup>  | 1448 | 1467 |
| Hertz Vehicle Financing, LLC, Series 2025-5A, Class A, 4.62% 5/25/2030 <sup>(f)(h)</sup>  | 1610 | 1609 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(h)</sup>  | 238 | 239 |
| Hyundai Auto Receivables Trust, Series 2024-A, Class A3, 4.99% 2/15/2029 <sup>(h)</sup>  | 3179 | 3207 |
| Hyundai Floorplan Master Owner Trust, Series 2025-1A, Class A, 4.01% 10/15/2030 <sup>(f)(h)</sup>  | 3632 | 3636 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A2, 4.64% 11/15/2027 <sup>(f)(h)</sup>  | 448 | 449 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(f)(h)</sup>  | 249 | 250 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(f)(h)</sup>  | 954 | 958 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A4, 4.60% 12/17/2029 <sup>(f)(h)</sup>  | 504 | 509 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(h)</sup>  | 117 | 117 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A3, 5.63% 11/15/2028 <sup>(h)</sup>  | 2889 | 2899 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77% 12/15/2028 <sup>(h)</sup>  | 5062 | 5111 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A3, 4.85% 1/16/2029 <sup>(h)</sup>  | 4123 | 4134 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(f)(h)</sup>  | 695 | 696 |
| SBNA Auto Lease Trust, Series 2024-B, Class A3, 5.56% 11/22/2027 <sup>(f)(h)</sup>  | 1037 | 1042 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(f)(h)</sup>  | 498 | 499 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/2028 <sup>(f)(h)</sup>  | 1713 | 1725 |
| SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A2, 4.52% 11/20/2028 <sup>(f)(h)</sup>  | 401 | 402 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A3, 4.55% 6/20/2030 <sup>(f)(h)</sup>  | 2966 | 2987 |
| Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/2034 <sup>(f)(h)</sup>  | 6503 | 6475 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A3, 5.16% 4/17/2028 <sup>(h)</sup>  | 2960 | 2977 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A4, 5.01% 2/15/2029 <sup>(h)</sup>  | 1822 | 1851 |
| Truist Bank Auto Credit-Linked Notes, Series 2025-1, Class B, 4.728% 9/26/2033 <sup>(f)(h)</sup>  | 864 | 866 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(f)(h)</sup>  | 156 | 156 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(f)(h)</sup>  | 3372 | 3379 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(f)(h)</sup>  | 376 | 377 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(f)(h)</sup>  | 2142 | 2149 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class A2A, 4.66% 9/15/2028 <sup>(f)(h)</sup>  | 1052 | 1055 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class B, 5.92% 9/15/2028 <sup>(f)(h)</sup>  | 2001 | 2005 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class B, 4.72% 11/15/2029 <sup>(f)(h)</sup>  | 6520 | 6550 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **128** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** |  |  |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class C, 5.14% 10/15/2030 <sup>(f)(h)</sup>  | USD1,973 | $1995 |
| World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/2028 <sup>(h)</sup>  | 285 | 285 |
| World OMNI Select Auto Trust, Series 2024-A, Class A3, 4.98% 2/15/2030 <sup>(h)</sup>  | 4143 | 4165 |
|  |  | 232227 |
| **Other asset-backed securities 0.81%** |  |  |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(f)(h)</sup>  | 10457 | 10487 |
| Affirm Master Trust, Series 2025-3A, Class A, 4.45% 10/16/2034 <sup>(f)(h)</sup>  | 1923 | 1931 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(f)(h)</sup>  | 2962 | 2967 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(f)(h)</sup>  | 109 | 109 |
| Ansley Park Capital, LLC, Series 2025-A, Class A2, 4.43% 4/20/2035 <sup>(f)(h)</sup>  | 2934 | 2944 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(f)(h)</sup>  | 1870 | 1878 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(f)(h)</sup>  | 6878 | 6906 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(f)(h)</sup>  | 3772 | 3802 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(f)(h)</sup>  | 58 | 58 |
| CAL Funding IV, Ltd., Series 2020-1A, Class A, 2.22% 9/25/2045 <sup>(f)(h)</sup>  | 826 | 793 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(f)(h)</sup>  | 3998 | 3794 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041 <sup>(f)(h)</sup>  | 36 | 36 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(f)(h)</sup>  | 4526 | 4605 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(f)(h)</sup>  | 5080 | 4316 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(f)(h)</sup>  | 1686 | 1426 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(f)(h)</sup>  | 5962 | 4846 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(f)(h)</sup>  | 872 | 824 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(f)(h)</sup>  | 3301 | 3119 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(f)(h)</sup>  | 689 | 652 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046 <sup>(f)(h)</sup>  | 940 | 876 |
| CNH Equipment Trust, Series 2024-B, Class A2A, 5.42% 10/15/2027 <sup>(h)</sup>  | 680 | 681 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(h)</sup>  | 2518 | 2540 |
| Dext ABS, LLC, Series 2025-2, Class A2, 4.10% 4/17/2028 <sup>(f)(h)</sup>  | 320 | 320 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(f)(h)</sup>  | 192 | 180 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(f)(h)</sup>  | 2350 | 2386 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(f)(h)</sup>  | 862 | 868 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(f)(h)</sup>  | 388 | 373 |
| GCI Funding I, LLC, Series 2020-1, Class B, 3.81% 10/18/2045 <sup>(f)(h)</sup>  | 175 | 167 |
| GGAM Master Trust International, Ltd., Series 2025-1A, Class A, 5.923% 9/30/2060 <sup>(f)(h)</sup>  | 4277 | 4314 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(f)(h)</sup>  | 6241 | 6258 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 <sup>(f)(h)</sup>  | 1344 | 1319 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(f)(h)</sup>  | 5750 | 5527 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(f)(h)</sup>  | 7403 | 7120 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(f)(h)</sup>  | 2510 | 2351 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(f)(h)</sup>  | 3708 | 3495 |
| Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/2041 <sup>(f)(h)</sup>  | 293 | 274 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(f)(h)</sup>  | 2453 | 2483 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(h)</sup>  | 2894 | 2920 |
| MMP Capital, Series 2025-A, Class A, 5.36% 12/15/2031 <sup>(f)(h)</sup>  | 118 | 119 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(f)(h)</sup>  | 4586 | 4385 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(f)(h)</sup>  | 26263 | 22003 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(f)(h)</sup>  | 677 | 680 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(f)(h)</sup>  | 1069 | 1076 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(f)(h)</sup>  | 5298 | 5323 |
| PG&E Wildfire Recovery Funding, LLC, Series 2022-A, Class A2, 4.263% 6/1/2038 <sup>(h)</sup>  | 2442 | 2380 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(f)(h)</sup>  | 418 | 420 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) 5.45% <br>9/15/2039 <sup>(f)(h)(i)</sup>  | 496 | 502 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(f)(h)</sup>  | 682 | 698 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(f)(h)</sup>  | 2586 | 2470 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(f)(h)</sup>  | 1636 | 1602 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041 <sup>(f)(h)</sup>  | 1440 | 1420 |

---

---

| | |
|:---|:---|
| **129** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** |  |  |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(f)(h)</sup>  | USD843 | $823 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/2033 <sup>(f)(h)</sup>  | 691 | 674 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(f)(h)</sup>  | 5226 | 5217 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(f)(h)</sup>  | 6170 | 6132 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(f)(h)</sup>  | 1132 | 1106 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(h)</sup>  | 2840 | 2864 |
| Synchrony Card Issuance Trust, Series 2025-A1, Class A, 4.78% 2/15/2031 <sup>(h)</sup>  | 4155 | 4229 |
| Synchrony Card Issuance Trust, Series 2025-A3, Class A, 4.06% 11/15/2031 <sup>(h)</sup>  | 5377 | 5406 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(f)(h)</sup>  | 1069 | 1025 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(f)(h)</sup>  | 497 | 472 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(f)(h)</sup>  | 664 | 626 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(f)(h)</sup>  | 1924 | 1825 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(f)(h)</sup>  | 1947 | 1959 |
| T-Mobile US Trust, Series 2024-1, Class A, 5.05% 9/20/2029 <sup>(f)(h)</sup>  | 5582 | 5617 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(f)(h)</sup>  | 7083 | 6693 |
| Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046 <sup>(f)(h)</sup>  | 1277 | 1189 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(f)(h)</sup>  | 1660 | 1670 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(f)(h)</sup>  | 623 | 626 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(f)(h)</sup>  | 941 | 960 |
| Verizon Master Trust, Series 2023-1, Class A, 4.49% 1/22/2029 (5.24% on 1/20/2026) <sup>(h)(l)</sup>  | 6704 | 6706 |
| Verizon Master Trust, Series 2024-3, Class A1A, 5.34% 4/22/2030 <sup>(h)</sup>  | 9409 | 9597 |
| Verizon Master Trust, Series 2025-9, Class A1A, 3.96% 10/21/2030 (4.67% on 10/20/2027) <sup>(h)(l)</sup>  | 1462 | 1470 |
| Verizon Master Trust, Series 2023-3, Class A, 4.73% 4/21/2031 <sup>(f)(h)</sup>  | 8048 | 8195 |
| Verizon Master Trust, Series 2025-7, Class A1A, 3.96% 8/20/2031 <sup>(h)</sup>  | 4253 | 4268 |
| Verizon Master Trust, Series 24-5, Class A, 5.00% 6/21/2032 <sup>(f)(h)</sup>  | 934 | 964 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(f)(h)</sup>  | 1879 | 1883 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(f)(h)</sup>  | 389 | 391 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(f)(h)</sup>  | 137 | 137 |
|  |  | 225747 |
| **Credit card 0.14%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(f)(h)</sup>  | 8500 | 8521 |
| Avant Credit Card Master Trust, Series 2024-2A, Class B, 5.73% 5/15/2029 <sup>(f)(h)</sup>  | 4100 | 4115 |
| Avant Credit Card Master Trust, Series 2024-2A, Class C, 6.41% 5/15/2029 <sup>(f)(h)</sup>  | 2715 | 2733 |
| Barclays Dryrock Issuance Trust, Series 2025-1, Class A, 3.97% 7/15/2031 <sup>(h)</sup>  | 4171 | 4182 |
| First National Master Note Trust, Series 2025-1, Class A, 4.85% 2/15/2030 <sup>(h)</sup>  | 4558 | 4652 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(h)</sup>  | 3970 | 4050 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(f)(h)</sup>  | 2043 | 2049 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(f)(h)</sup>  | 404 | 406 |
| World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/2030 <sup>(h)</sup>  | 7030 | 7058 |
|  |  | 37766 |
| **Student loan 0.08%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(f)(h)</sup>  | 2480 | 2510 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(f)(h)</sup>  | 2485 | 2281 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(f)(h)</sup>  | 3240 | 2947 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(f)(h)</sup>  | 4222 | 3968 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(f)(h)</sup>  | 2626 | 2485 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(f)(h)</sup>  | 4441 | 4213 |
| SMB Private Education Loan Trust, Series 2021-A, Class A2A2, (1-month USD CME Term SOFR + 0.844%) <br> 4.595% 1/15/2053 <sup>(f)(h)(i)</sup>  | 3493 | 3462 |
|  |  | 21866 |
| **Collateralized loan obligations 0.04%** |  |  |
| Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.985% <br> 7/15/2036 <sup>(f)(h)(i)</sup>  | 3240 | 3246 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **130** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Collateralized loan obligations (continued)** |  |  |
| Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) 5.09% <br>7/25/2030 <sup>(f)(h)(i)</sup>  | USD321 | $322 |
| Palmer Square Loan Funding, Ltd., CLO, Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + <br> 1.00%) 4.905% 1/15/2033 <sup>(f)(h)(i)</sup>  | 3469 | 3470 |
| Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, (3-month USD CME Term SOFR + 1.05%) 4.955% <br> 4/15/2034 <sup>(f)(h)(i)</sup>  | 3229 | 3231 |
| Trinitas CLO, Ltd., Series 2020-12A, Class A1R2, (3-month USD CME Term SOFR + 1.05%) 4.908% <br>4/25/2033 <sup>(f)(h)(i)</sup>  | 1285 | 1286 |
|  |  | 11555 |
| **Total asset-backed obligations** |  | 529161 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.32%** | **Bonds & notes of governments & government agencies outside the U.S. 0.32%** | **Bonds & notes of governments & government agencies outside the U.S. 0.32%** |
| **Mexico 0.16%** |  |  |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030  | 18285 | 18648 |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(f)</sup>  | 10645 | 10856 |
| United Mexican States 4.75% 4/27/2032  | 2305 | 2249 |
| United Mexican States 5.375% 3/22/2033  | 1295 | 1288 |
| United Mexican States 3.50% 2/12/2034  | 1790 | 1552 |
| United Mexican States 6.875% 5/13/2037  | 2720 | 2909 |
| United Mexican States 6.625% 1/29/2038  | 200 | 209 |
| United Mexican States 7.375% 5/13/2055  | 4235 | 4573 |
| United Mexican States 3.771% 5/24/2061  | 1528 | 946 |
|  |  | 43230 |
| **Canada 0.07%** |  |  |
| CPPIB Capital, Inc. 2.75% 11/2/2027 <sup>(f)</sup>  | 5914 | 5824 |
| OMERS Finance Trust 3.50% 4/19/2032 <sup>(f)</sup>  | 3867 | 3719 |
| OMERS Finance Trust 4.00% 4/19/2052 <sup>(f)</sup>  | 3867 | 2980 |
| Ontario (Province of) 3.90% 9/4/2030  | 8228 | 8238 |
|  |  | 20761 |
| **Kuwait 0.04%** |  |  |
| Kuwait (State of) 4.652% 10/9/2035 <sup>(f)</sup>  | 11750 | 11764 |
| **Peru 0.02%** |  |  |
| Peru (Republic of) 1.862% 12/1/2032  | 2525 | 2091 |
| Peru (Republic of) 5.875% 8/8/2054  | 2310 | 2294 |
| Peru (Republic of) 2.78% 12/1/2060  | 3383 | 1845 |
|  |  | 6230 |
| **Panama 0.02%** |  |  |
| Panama (Republic of) 7.50% 3/1/2031  | 1765 | 1961 |
| Panama (Republic of) 2.252% 9/29/2032  | 4306 | 3568 |
|  |  | 5529 |
| **Qatar 0.01%** |  |  |
| Qatar (State of) 4.00% 3/14/2029 <sup>(f)</sup>  | 745 | 748 |
| Qatar (State of) 4.817% 3/14/2049 <sup>(f)</sup>  | 750 | 708 |
|  |  | 1456 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 88970 |

---

---

| | |
|:---|:---|
| **131** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Loans 0.15%** | **Loans 0.15%** | **Loans 0.15%** |
| **Communication services 0.05%** |  |  |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.216% 9/27/2029 <sup>(i)(o)</sup>  | USD2,344 | $2344 |
| CSC Holdings, LLC, Term Loan B, (USD Prime Rate + 1.50%) 8.75% 4/15/2027 <sup>(i)(o)</sup>  | 967 | 847 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.123% 6/4/2029 <sup>(i)(o)</sup>  | 22 | 22 |
| Ligado Networks, LLC, Term Loan, 17.50% PIK 5/5/2028 <sup>(c)(g)(o)</sup>  | 2157 | 2157 |
| Peroton Corp., Term Loan B, (3-month USD CME Term SOFR + 7.85%) 11.672% 2/1/2029 <sup>(i)(o)</sup>  | 2285 | 1812 |
| Versant Media Group, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.50%) 7.537% 10/23/2030 <sup>(i)(o)</sup>  | 1280 | 1283 |
| X Corp., Term Loan B3, 9.50% 10/26/2029 <sup>(o)</sup>  | 2675 | 2671 |
| X Corp., Term Loan B, (USD-SOFR + 6.75%) 10.448% 10/26/2029 <sup>(i)(o)</sup>  | 2762 | 2718 |
|  |  | 13854 |
| **Information technology 0.04%** |  |  |
| CommScope, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.466% 12/17/2029 <sup>(i)(o)</sup>  | 485 | 487 |
| Ellucian Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.466% 11/22/2032 <sup>(i)(o)</sup>  | 225 | 227 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 10.973% 9/13/2029 <sup>(e)(i)(o)</sup>  | 724 | 729 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 7.688% 7/30/2032 <sup>(i)(o)</sup>  | 2180 | 2138 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.716% 3/20/2032 <sup>(i)(o)</sup>  | 1737 | 1740 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.716% 3/20/2033 <sup>(i)(o)</sup>  | 900 | 882 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.614%) 8.331% 3/2/2029 <sup>(i)(o)</sup>  | 4031 | 4026 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.348% 5/30/2030 <sup>(i)(o)</sup>  | 105 | 104 |
|  |  | 10333 |
| **Financials 0.03%** |  |  |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(c)(f)(i)(o)</sup>  | 4566 | 4532 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% 5/6/2032 <sup>(i)(o)</sup>  | 2190 | 2223 |
| Denali Intermediate Holdings, Inc., Term Loan, (1-month CME Term SOFR + 5.50%) 9.227% 8/26/2032 <sup>(i)(o)</sup>  | 2036 | 2064 |
|  |  | 8819 |
| **Health care 0.01%** |  |  |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.466% 4/23/2031 <sup>(i)(o)</sup>  | 2543 | 2527 |
| **Consumer discretionary 0.01%** |  |  |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.35% <br> 3/11/2030 <sup>(c)(i)(o)</sup>  | 127 | 127 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 7.614%) 6.00% PIK and <br>5.573% Cash 3/11/2030 <sup>(c)(g)(i)(o)</sup>  | 120 | 120 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.422% 7/1/2032 <sup>(i)(o)</sup>  | 2109 | 2113 |
|  |  | 2360 |
| **Materials 0.01%** |  |  |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 2.00%) 7.00% PIK 7/16/2026 <sup>(c)(g)(i)(n)(o)</sup>  | 797 | 252 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 7.00% PIK 7/16/2026 <sup>(c)(g)(i)(n)(o)</sup>  | 802 | 254 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 7.00% PIK 10/12/2028 <sup>(c)(g)(i)(n)(o)</sup>  | 1319 | 418 |
|  |  | 924 |
| **Industrials 0.00%** |  |  |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.69% 2/1/2028 <sup>(i)(o)</sup>  | 982 | 914 |
| **Total loans** |  | 39731 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **132** |

---

------

Asset Allocation Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Municipals 0.08%** | **Municipals 0.08%** | **Municipals 0.08%** |
| **Florida 0.03%** |  |  |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.705% 7/1/2027  | USD4,781 | $4639 |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 7/1/2030  | 4808 | 4426 |
|  |  | 9065 |
| **Illinois 0.01%** |  |  |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 3224 | 3312 |
| **Ohio 0.02%** |  |  |
| Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), <br> Series 2021, 4.425% 5/1/2031  | 4930 | 4480 |
| **Puerto Rico 0.00%** |  |  |
| GO Taxable Bonds, CAB, Series 2022, 0% 11/1/2051  | 418 | 274 |
| **Wisconsin 0.02%** |  |  |
| Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034  | 5735 | 5696 |
| **Total municipals** |  | 22827 |
| **Total bonds, notes & other debt instruments** (cost: $7,832,741,000) |  | 7768308 |
| Investment funds 3.06% | Shares |  |
| Capital Group Central Corporate Bond Fund <sup>(p)</sup>  | 99619082 | 846762 |
| **Total investment funds** (cost: $864,770,000) |  | 846762 |
| Short-term securities 3.70% |  |  |
| **Money market investments 3.63%** | **Money market investments 3.63%** | **Money market investments 3.63%** |
| Capital Group Central Cash Fund 3.79% <sup>(p)(q)</sup>  | 10047098 | 1004810 |
| **Money market investments purchased with collateral from securities on loan 0.07%** | **Money market investments purchased with collateral from securities on loan 0.07%** | **Money market investments purchased with collateral from securities on loan 0.07%** |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.68% <sup>(q)(r)</sup>  | 18905590 | 18905 |
| **Total short-term securities** (cost: $1,023,511,000) |  | 1023715 |
| **Total investment securities 100.26%** (cost: $19,813,803,000) |  | 27745931 |
| Other assets less liabilities (0.26)% |  | (70891)<br>|
| **Net assets 100.00%** |  | $27675040 |

---

---

| | |
|:---|:---|
| **133** | American Funds Insurance Series |

---

------

Asset Allocation Fund (continued)

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 8836 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD1,844,860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(403)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 4708 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 514606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1134)<br>|
| 10 Year U.S. Treasury Note Futures | Long | 3234 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2694)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 262 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30134)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 |
| 20 Year U.S. Treasury Bond Futures | Long | 1200 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1838)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 794 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (93692)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1825 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4144)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 3.473% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD112,900 | &nbsp;&nbsp;&nbsp;&nbsp; $814 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $814 |
| SOFR | Annual | 3.4805% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD37,800 | &nbsp;&nbsp;&nbsp;&nbsp; 255 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 255 |
| SOFR | Annual | 3.48% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD12,601 | &nbsp;&nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 86 |
| SOFR | Annual | 3.4815% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD12,612 | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84 |
| SOFR | Annual | 3.482% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD12,286 | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 82 |
| SOFR | Annual | 3.50061% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/3/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD74,795 | &nbsp;&nbsp;&nbsp;&nbsp; 442 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 442 |
| SOFR | Annual | 3.6385% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD55,884 | &nbsp;&nbsp;&nbsp;&nbsp; 685 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 685 |
| SOFR | Annual | 3.6775% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/8/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD55,754 | &nbsp;&nbsp;&nbsp;&nbsp; 511 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 511 |
| SOFR | Annual | 3.66593% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/3/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD55,430 | &nbsp;&nbsp;&nbsp;&nbsp; 584 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 584 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $3543 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $3543 |

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD3,826 | &nbsp;&nbsp;&nbsp;&nbsp; $(87)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(86)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 38950 | &nbsp;&nbsp;&nbsp;&nbsp; (2976)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2542)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (434)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(3063)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(2628)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(435)<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **134** |

---

------

Asset Allocation Fund (continued)

**Investments in affiliates** <sup>(p)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Investment funds 3.06%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund  | $1368034 | &nbsp;&nbsp; $95934 | &nbsp;&nbsp; $634718 | &nbsp;&nbsp; $(136730)<br>| &nbsp;&nbsp; $154242 | &nbsp;&nbsp; $846762 | &nbsp;&nbsp; $47796 |
| **Short-term securities 3.63%** |  |  |  |  |  |  |  |
| **Money market investments 3.63%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(q)</sup>  | 855747 | &nbsp;&nbsp; 6829389 | &nbsp;&nbsp; 6680500 | &nbsp;&nbsp; 185 | &nbsp;&nbsp; (11)<br>| &nbsp;&nbsp; 1004810 | &nbsp;&nbsp; 61071 |
| **Total 6.69%** |  |  |  | &nbsp;&nbsp; $(136545)<br>| &nbsp;&nbsp; $154231 | &nbsp;&nbsp; $1851572 | &nbsp;&nbsp; $108867 |

---

**Restricted securities** <sup>(e)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Rotech Healthcare, Inc. <sup>(a)(c)</sup> <br>| 8/22/2014 | $6949 | $12613 | 0.05<br> %<br>|
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(g)</sup> <br>| 9/29/2025 | 937 | 1030 | 0.00 <br><sup>(s)</sup><br>|
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) <br> 10.973% 9/13/2029 <sup>(i)(o)</sup> <br>| 9/13/2023 | 714 | 729 | 0.00 <br><sup>(s)</sup><br>|
| **Total** |  | $8600 | $14372 | 0.05<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Amount less than one thousand.

<sup>(e)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(f)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $1,434,326,000, which represented 5.18% of the net assets of the fund. 

<sup>(g)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(h)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(i)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(j)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $41,456,000, which represented 0.15% of the net assets of the fund. 

<sup>(k)</sup> Represents securities transacted on a TBA basis.

<sup>(l)</sup> Step bond; coupon rate may change at a later date.

<sup>(m)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(n)</sup> Scheduled interest and/or principal payment was not received.

<sup>(o)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $39,730,000, which represented 0.14% of the net assets of the fund. 

<sup>(p)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(q)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(r)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(s)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| Assn. = Association |
| Auth. = Authority |
| CAB = Capital Appreciation Bonds |
| CAD = Canadian dollars |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |

---

---

| |
|:---|
| DAC = Designated Activity Company |
| Fin. = Finance |
| Fncg. = Financing |
| GBP = British pounds |
| GO = General Obligation |
| NDR = Norwegian Depositary Receipts |
| PIK = Payment In Kind |

---

---

| |
|:---|
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **135** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Common stocks 63.00% | Shares | Value<br> (000)<br>|
| **Information technology 11.69%** |  |  |
| Broadcom, Inc.  | 34396 | $11904 |
| Microsoft Corp.  | 21713 | 10501 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 214000 | 10455 |
| NVIDIA Corp.  | 54735 | 10208 |
| Apple, Inc.  | 13709 | 3727 |
| Corning, Inc.  | 37498 | 3283 |
| ARM Holdings PLC (ADR) <sup>(a)</sup>  | 9479 | 1036 |
| Applied Materials, Inc.  | 3494 | 898 |
| Accenture PLC, Class A  | 2486 | 667 |
|  |  | 52679 |
| **Financials 10.05%** |  |  |
| B3 SA - Brasil, Bolsa, Balcao  | 1689969 | 4399 |
| Standard Chartered PLC  | 149081 | 3641 |
| ING Groep NV  | 129152 | 3631 |
| Banco Bilbao Vizcaya Argentaria SA  | 138658 | 3243 |
| JPMorgan Chase & Co.  | 9865 | 3179 |
| Chubb, Ltd.  | 9664 | 3016 |
| Marsh & McLennan Cos., Inc.  | 13476 | 2500 |
| HDFC Bank, Ltd. (ADR)  | 49471 | 1808 |
| HDFC Bank, Ltd.  | 46716 | 516 |
| Morgan Stanley  | 10778 | 1913 |
| Mastercard, Inc., Class A  | 3306 | 1887 |
| BlackRock, Inc.  | 1721 | 1842 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 2492 | 1646 |
| Zurich Insurance Group AG  | 1994 | 1513 |
| Banco BPM SpA  | 95108 | 1445 |
| NatWest Group PLC  | 154953 | 1351 |
| Mizuho Financial Group, Inc.  | 34600 | 1256 |
| BNP Paribas SA  | 10716 | 1014 |
| Swiss Re AG  | 5412 | 902 |
| AIA Group, Ltd.  | 74200 | 762 |
| Wells Fargo & Co.  | 7990 | 745 |
| PICC Property and Casualty Co., Ltd., Class H  | 320000 | 671 |
| 3i Group PLC  | 15320 | 667 |
| U.S. Bancorp  | 12427 | 663 |
| BPER Banca SpA  | 39690 | 537 |
| Hannover Rueck SE  | 1705 | 533 |
|  |  | 45280 |
| **Industrials 9.63%** |  |  |
| RTX Corp.  | 46281 | 8488 |
| IHI Corp.  | 186108 | 3282 |
| Hitachi, Ltd.  | 82300 | 2553 |
| Volvo AB, Class B  | 76848 | 2463 |
| General Dynamics Corp.  | 7150 | 2407 |
| TransDigm Group, Inc.  | 1573 | 2092 |
| BAE Systems PLC  | 85249 | 1960 |
| Deutsche Post AG  | 35349 | 1936 |
| Union Pacific Corp.  | 8297 | 1919 |
| Airbus SE, non-registered shares  | 7673 | 1780 |
| Waste Management, Inc.  | 7570 | 1663 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 20061 | 1639 |
| ITOCHU Corp.  | 128500 | 1622 |
| Rolls-Royce Holdings PLC  | 90309 | 1404 |
| Automatic Data Processing, Inc.  | 4193 | 1079 |
| Ryanair Holdings PLC  | 21391 | 743 |
| Bouygues SA  | 13919 | 722 |
| Bombardier, Inc., Class B <sup>(a)</sup>  | 4123 | 701 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **136** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** |  |  |
| Safran SA  | 1987 | $691 |
| PACCAR, Inc.  | 6185 | 677 |
| Qantas Airways, Ltd.  | 97783 | 675 |
| United Rentals, Inc.  | 817 | 661 |
| Paychex, Inc.  | 5809 | 652 |
| Caterpillar, Inc.  | 1022 | 585 |
| GFL Environmental, Inc., subordinate voting shares  | 11594 | 498 |
| AtkinsRealis Group, Inc.  | 7290 | 471 |
|  |  | 43363 |
| **Health care 7.73%** |  |  |
| Eli Lilly and Co.  | 7436 | 7991 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 11410 | 5173 |
| Novo Nordisk AS, Class B  | 67966 | 3464 |
| Abbott Laboratories  | 27403 | 3433 |
| Sanofi  | 25714 | 2495 |
| Gilead Sciences, Inc.  | 18827 | 2311 |
| UnitedHealth Group, Inc.  | 6188 | 2043 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 3997 | 1589 |
| Medtronic PLC  | 13170 | 1265 |
| Stryker Corp.  | 3371 | 1185 |
| AbbVie, Inc.  | 5175 | 1183 |
| AstraZeneca PLC  | 3470 | 639 |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup>  | 10659 | 634 |
| Molina Healthcare, Inc. <sup>(a)</sup>  | 3573 | 620 |
| GE HealthCare Technologies, Inc.  | 5321 | 436 |
| Cencora, Inc.  | 1074 | 363 |
|  |  | 34824 |
| **Consumer discretionary 4.68%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup>  | 28311 | 6535 |
| Ferrari NV  | 3878 | 1433 |
| Ferrari NV (EUR denominated)  | 1664 | 620 |
| Starbucks Corp.  | 23917 | 2014 |
| Midea Group Co., Ltd., Class A  | 166950 | 1866 |
| Maruti Suzuki India, Ltd.  | 9473 | 1761 |
| Compagnie Financiere Richemont SA, Class A  | 6565 | 1417 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 1773 | 1337 |
| Compagnie Generale des Etablissements Michelin  | 33369 | 1107 |
| Royal Caribbean Cruises, Ltd.  | 3526 | 983 |
| Viking Holdings, Ltd. <sup>(a)</sup>  | 9998 | 714 |
| Compass Group PLC  | 21303 | 678 |
| Accor SA  | 10541 | 597 |
|  |  | 21062 |
| **Materials 4.32%** |  |  |
| Nitto Denko Corp.  | 122500 | 2911 |
| Grupo Mexico, SAB de CV, Series B  | 295899 | 2794 |
| Lundin Gold, Inc.  | 31847 | 2645 |
| Vale SA, ordinary nominative shares  | 120881 | 1581 |
| Vale SA (ADR), ordinary nominative shares  | 53750 | 700 |
| Franco-Nevada Corp.  | 5241 | 1086 |
| Franco-Nevada Corp. (CAD denominated)  | 4075 | 845 |
| Anglo American PLC  | 43941 | 1811 |
| Smurfit Westrock PLC  | 40261 | 1557 |
| Air Products and Chemicals, Inc.  | 4593 | 1134 |
| Freeport-McMoRan, Inc.  | 19198 | 975 |

---

---

| | |
|:---|:---|
| **137** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** |  |  |
| Newmont Corp.  | 7198 | $719 |
| Air Liquide SA  | 2774 | 522 |
| Celanese Corp.  | 4784 | 202 |
|  |  | 19482 |
| **Communication services 4.18%** |  |  |
| Alphabet, Inc., Class A  | 19544 | 6117 |
| Alphabet, Inc., Class C  | 6924 | 2173 |
| AT&T, Inc.  | 134741 | 3347 |
| Meta Platforms, Inc., Class A  | 4442 | 2932 |
| Comcast Corp., Class A  | 41626 | 1244 |
| Omnicom Group, Inc.  | 12053 | 973 |
| Netflix, Inc. <sup>(a)</sup>  | 9170 | 860 |
| SoftBank Group Corp.  | 21252 | 599 |
| Nintendo Co., Ltd.  | 8400 | 568 |
|  |  | 18813 |
| **Utilities 4.00%** |  |  |
| Dominion Energy, Inc.  | 72580 | 4252 |
| DTE Energy Co.  | 17918 | 2311 |
| National Grid PLC  | 125726 | 1938 |
| Power Grid Corp. of India, Ltd.  | 588187 | 1730 |
| Duke Energy Corp.  | 14059 | 1648 |
| E.ON SE  | 67347 | 1277 |
| PG&E Corp.  | 78708 | 1265 |
| Constellation Energy Corp.  | 3350 | 1183 |
| Pinnacle West Capital Corp.  | 12517 | 1110 |
| NextEra Energy, Inc.  | 12754 | 1024 |
| SembCorp Industries, Ltd.  | 57400 | 268 |
|  |  | 18006 |
| **Consumer staples 3.38%** |  |  |
| Philip Morris International, Inc.  | 28949 | 4643 |
| Imperial Brands PLC  | 108137 | 4546 |
| British American Tobacco PLC  | 75162 | 4260 |
| Nestle SA  | 9977 | 992 |
| Sysco Corp.  | 10540 | 777 |
|  |  | 15218 |
| **Energy 2.76%** |  |  |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 245684 | 8321 |
| Shell PLC (GBP denominated)  | 45924 | 1687 |
| Chevron Corp.  | 6750 | 1029 |
| Cameco Corp. (CAD denominated)  | 7668 | 702 |
| Expand Energy Corp.  | 6349 | 701 |
|  |  | 12440 |
| **Real estate 0.58%** |  |  |
| CTP NV  | 50979 | 1068 |
| Embassy Office Parks REIT  | 181378 | 879 |
| Goodman Logistics (HK), Ltd. REIT  | 31735 | 652 |
|  |  | 2599 |
| **Total common stocks** (cost: $198,233,000) |  | 283766 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **138** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Convertible stocks 0.65% | Shares | Value<br> (000)<br>|
| **Financials 0.35%** |  |  |
| Apollo Global Management, Inc., Class A, cumulative convertible preferred shares, 6.75% 7/31/2026  | 20865 | $1576 |
| **Utilities 0.30%** |  |  |
| NextEra Energy, Inc., convertible preferred shares, 7.234% 11/1/2027  | 27600 | 1345 |
| **Total convertible stocks** (cost: $2,894,000) |  | 2921 |
| Bonds, notes & other debt instruments 29.38% | Principal amount<br> (000)<br>|  |
| **Bonds & notes of governments & government agencies outside the U.S. 12.73%** | **Bonds & notes of governments & government agencies outside the U.S. 12.73%** | **Bonds & notes of governments & government agencies outside the U.S. 12.73%** |
| **Japan 2.26%** |  |  |
| Japan, Series 150, 0.005% 12/20/2026  | JPY84,950 | 538 |
| Japan, Series 346, 0.10% 3/20/2027  | 134150 | 848 |
| Japan, Series 474, 0.70% 7/1/2027  | 106550 | 677 |
| Japan, Series 358, 0.10% 3/20/2030  | 37400 | 225 |
| Japan, Series 363, 0.10% 6/20/2031  | 174700 | 1028 |
| Japan, Series 373, 0.60% 12/20/2033  | 55750 | 323 |
| Japan, Series 152, 1.20% 3/20/2035  | 465250 | 2774 |
| Japan, Series 173, 0.40% 6/20/2040  | 50350 | 238 |
| Japan, Series 176, 0.50% 3/20/2041  | 109950 | 516 |
| Japan, Series 179, 0.50% 12/20/2041  | 50500 | 231 |
| Japan, Series 42, 1.70% 3/20/2044  | 86550 | 463 |
| Japan, Series 192, 2.40% 3/20/2045  | 165550 | 979 |
| Japan, Series 37, 0.60% 6/20/2050  | 26950 | 95 |
| Japan, Series 74, 1.00% 3/20/2052  | 84000 | 316 |
| Japan, Series 76, 1.40% 9/20/2052  | 41100 | 172 |
| Japan, Series 77, 1.60% 12/20/2052  | 76750 | 337 |
| Japan, Series 84, 2.10% 9/20/2054  | 82450 | 404 |
|  |  | 10164 |
| **China 1.23%** |  |  |
| Agricultural Development Bank of China 3.75% 1/25/2029  | CNY550 | 83 |
| China (People's Republic of), Series INBK, 2.64% 1/15/2028  | 4100 | 602 |
| China (People's Republic of), Series INBK, 2.37% 1/15/2029  | 3860 | 568 |
| China (People's Republic of), Series INBK, 2.62% 6/25/2030  | 6220 | 930 |
| China (People's Republic of), Series INBK, 2.88% 2/25/2033  | 2870 | 443 |
| China (People's Republic of), Series INBK, 2.27% 5/25/2034  | 2410 | 357 |
| China (People's Republic of), Series INBK, 1.65% 5/15/2035  | 3980 | 560 |
| China (People's Republic of), Series INBK, 3.00% 10/15/2053  | 360 | 58 |
| China (People's Republic of), Series INBK, 1.92% 1/15/2055  | 1520 | 201 |
| China Development Bank Corp., Series 2004, 3.43% 1/14/2027  | 1060 | 155 |
| China Development Bank Corp., Series 2009, 3.39% 7/10/2027  | 8580 | 1259 |
| China Development Bank Corp., Series 1805, 4.88% 2/9/2028  | 2040 | 311 |
|  |  | 5527 |
| **Supra National 1.07%** |  |  |
| Asian Development Bank 6.72% 2/8/2028  | INR18,000 | 201 |
| European Bank for Reconstruction and Development 5.25% 1/12/2027  | 10100 | 111 |
| European Bank for Reconstruction and Development 6.30% 10/26/2027  | 4300 | 48 |
| European Bank for Reconstruction and Development 6.75% 1/13/2032  | 43800 | 487 |
| European Investment Bank 0.375% 9/15/2027  | EUR110 | 126 |
| European Investment Bank 6.95% 3/1/2029  | INR5,700 | 64 |
| European Investment Bank 0.25% 1/20/2032  | EUR860 | 873 |
| European Investment Bank 7.40% 10/23/2033  | INR19,300 | 222 |
| European Investment Bank 2.875% 1/15/2035  | EUR45 | 52 |
| European Union 2.50% 10/14/2030  | 80 | 93 |

---

---

| | |
|:---|:---|
| **139** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Supra National (continued)** |  |  |
| European Union 2.75% 12/13/2032  | EUR70 | $82 |
| European Union 3.375% 10/4/2039  | 40 | 46 |
| European Union 3.625% 12/12/2040  | 1475 | 1728 |
| European Union 4.00% 10/12/2055  | 215 | 249 |
| Inter-American Development Bank 7.00% 1/25/2029  | INR22,000 | 247 |
| International Bank for Reconstruction and Development 6.75% 7/13/2029  | 16200 | 181 |
|  |  | 4810 |
| **Germany 1.05%** |  |  |
| Germany (Federal Republic of) 0% 8/15/2030  | EUR2,459 | 2592 |
| Germany (Federal Republic of) 0% 2/15/2032  | 540 | 544 |
| Germany (Federal Republic of) 1.70% 8/15/2032  | 674 | 750 |
| Germany (Federal Republic of) 2.30% 2/15/2033  | 300 | 345 |
| Germany (Federal Republic of) 2.50% 2/15/2035  | 130 | 149 |
| Germany (Federal Republic of) 1.00% 5/15/2038  | 180 | 166 |
| Germany (Federal Republic of) 0% 8/15/2050  | 300 | 152 |
| Germany (Federal Republic of) 0% 8/15/2052  | 80 | 38 |
|  |  | 4736 |
| **United Kingdom 1.00%** |  |  |
| United Kingdom 1.25% 7/22/2027  | GBP410 | 533 |
| United Kingdom 0.375% 10/22/2030  | 210 | 240 |
| United Kingdom 1.00% 1/31/2032  | 750 | 845 |
| United Kingdom 4.25% 6/7/2032  | 785 | 1068 |
| United Kingdom 3.25% 1/31/2033  | 330 | 418 |
| United Kingdom 3.25% 1/22/2044  | 644 | 680 |
| United Kingdom 1.25% 7/31/2051  | 413 | 247 |
| United Kingdom 4.375% 7/31/2054  | 205 | 242 |
| United Kingdom 2.50% 7/22/2065  | 340 | 256 |
|  |  | 4529 |
| **Italy 0.84%** |  |  |
| Italy (Republic of) 1.35% 4/1/2030  | EUR250 | 279 |
| Italy (Republic of) 4.40% 5/1/2033  | 10 | 13 |
| Italy (Republic of) 4.35% 11/1/2033  | 740 | 937 |
| Italy (Republic of) 4.20% 3/1/2034  | 900 | 1127 |
| Italy (Republic of) 3.65% 8/1/2035  | 795 | 949 |
| Italy (Republic of) 4.50% 10/1/2053  | 210 | 253 |
| Italy (Republic of) 4.30% 10/1/2054  | 200 | 233 |
|  |  | 3791 |
| **Brazil 0.77%** |  |  |
| Brazil (Federative Republic of) 0% 1/1/2026  | BRL10,887 | 1985 |
| Brazil (Federative Republic of) 10.00% 1/1/2029  | 2230 | 377 |
| Brazil (Federative Republic of) 10.00% 1/1/2031  | 1142 | 183 |
| Brazil (Federative Republic of) 10.00% 1/1/2035  | 4075 | 610 |
| Brazil (Federative Republic of) 6.00% 8/15/2040 <sup>(b)</sup>  | 229 | 37 |
| Brazil (Federative Republic of) 6.00% 8/15/2050 <sup>(b)</sup>  | 1653 | 263 |
| Brazil (Federative Republic of) 6.00% 8/15/2060 <sup>(b)</sup>  | 229 | 36 |
|  |  | 3491 |
| **France 0.66%** |  |  |
| French Republic O.A.T. 0.75% 2/25/2028  | EUR410 | 466 |
| French Republic O.A.T. 0% 11/25/2030  | 1320 | 1355 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **140** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **France (continued)** |  |  |
| French Republic O.A.T. 2.00% 11/25/2032  | EUR610 | $667 |
| French Republic O.A.T. 3.25% 5/25/2045  | 160 | 166 |
| French Republic O.A.T. 3.75% 5/25/2056  | 295 | 305 |
|  |  | 2959 |
| **Hungary 0.56%** |  |  |
| Hungary (Republic of) 3.00% 8/21/2030  | HUF548,270 | 1456 |
| Hungary (Republic of) 4.50% 5/27/2032  | 336000 | 920 |
| Magyar Export-Import Bank 6.00% 5/16/2029  | EUR100 | 126 |
|  |  | 2502 |
| **Spain 0.53%** |  |  |
| Spain (Kingdom of) 0% 1/31/2027  | 335 | 385 |
| Spain (Kingdom of) 0.80% 7/30/2027  | 490 | 564 |
| Spain (Kingdom of) 0.50% 10/31/2031  | 165 | 171 |
| Spain (Kingdom of) 3.15% 4/30/2033  | 317 | 376 |
| Spain (Kingdom of) 3.55% 10/31/2033  | 370 | 450 |
| Spain (Kingdom of) 3.25% 4/30/2034  | 120 | 142 |
| Spain (Kingdom of) 3.45% 10/31/2034  | 240 | 288 |
|  |  | 2376 |
| **South Korea 0.46%** |  |  |
| South Korea (Republic of), Series 2712, 2.375% 12/10/2027  | KRW348,590 | 240 |
| South Korea (Republic of), Series 3212, 4.25% 12/10/2032  | 1830410 | 1339 |
| South Korea (Republic of), Series 3512, 3.25% 12/10/2035  | 688360 | 474 |
|  |  | 2053 |
| **Australia 0.45%** |  |  |
| Australia (Commonwealth of), Series 157, 1.50% 6/21/2031  | AUD115 | 66 |
| Australia (Commonwealth of), Series 166, 3.00% 11/21/2033  | 725 | 433 |
| Australia (Commonwealth of), Series 167, 3.75% 5/21/2034  | 905 | 567 |
| New South Wales Treasury Corp. 4.25% 2/20/2036  | 340 | 208 |
| Treasury Corp. of Victoria 5.50% 9/15/2039  | 813 | 530 |
| Treasury Corp. of Victoria 3.625% 9/29/2040  | EUR200 | 231 |
|  |  | 2035 |
| **Malaysia 0.36%** |  |  |
| Malaysia (Federation of), Series 0419, 3.828% 7/5/2034  | MYR3,466 | 876 |
| Malaysia (Federation of), Series 0124, 4.054% 4/18/2039  | 601 | 152 |
| Malaysia (Federation of), Series 0221, 4.417% 9/30/2041  | 180 | 48 |
| Malaysia (Federation of), Series 0223, 4.291% 8/14/2043  | 653 | 170 |
| Malaysia (Federation of), Series 0224, 4.18% 5/16/2044  | 1307 | 336 |
| Malaysia (Federation of), Series 0417, 4.895% 5/8/2047  | 93 | 26 |
|  |  | 1608 |
| **Canada 0.31%** |  |  |
| Canada (Government) 0.25% 3/1/2026  | CAD246 | 179 |
| Canada (Government) 3.50% 3/1/2028  | 1119 | 830 |
| Canada (Government) 1.50% 12/1/2031  | 60 | 40 |
| Nova Scotia (Province of) 3.15% 12/1/2051  | 170 | 95 |
| Ontario (Province of) 3.25% 7/3/2035  | EUR200 | 233 |
|  |  | 1377 |

---

---

| | |
|:---|:---|
| **141** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Panama 0.18%** |  |  |
| Panama (Republic of) 7.50% 3/1/2031  | USD560 | $622 |
| Panama (Republic of) 6.40% 2/14/2035  | 200 | 212 |
|  |  | 834 |
| **Greece 0.17%** |  |  |
| Greece (Hellenic Republic of) 3.875% 6/15/2028  | EUR65 | 79 |
| Greece (Hellenic Republic of) 1.50% 6/18/2030  | 90 | 101 |
| Greece (Hellenic Republic of) 1.75% 6/18/2032  | 530 | 578 |
|  |  | 758 |
| **Mexico 0.15%** |  |  |
| United Mexican States, Series M, 5.75% 3/5/2026  | MXN10,710 | 593 |
| United Mexican States, Series M, 8.00% 7/31/2053  | 881 | 42 |
| United Mexican States, Series S, 4.00% 10/29/2054 <sup>(b)</sup>  | 543 | 28 |
|  |  | 663 |
| **Republic of Austria 0.14%** |  |  |
| Austria (Republic of) 0% 2/20/2031  | EUR500 | 514 |
| Austria (Republic of) 2.90% 2/20/2034  | 120 | 140 |
|  |  | 654 |
| **Indonesia 0.11%** |  |  |
| Indonesia (Republic of), Series FR87, 6.50% 2/15/2031  | IDR1,253,000 | 77 |
| Indonesia (Republic of), Series FR96, 7.00% 2/15/2033  | 2543000 | 161 |
| Indonesia (Republic of), Series FR100, 6.625% 2/15/2034  | 1026000 | 64 |
| Indonesia (Republic of), Series 103, 6.75% 7/15/2035  | 2889000 | 182 |
|  |  | 484 |
| **Colombia 0.08%** |  |  |
| Colombia (Republic of) 7.375% 4/25/2030  | USD335 | 355 |
| **Belgium 0.07%** |  |  |
| Belgium (Kingdom of), Series 97, 3.00% 6/22/2033  | EUR270 | 316 |
| **Turkey 0.05%** |  |  |
| Turkey (Republic of) 7.125% 7/17/2032  | USD200 | 212 |
| **Ireland 0.04%** |  |  |
| Ireland (Republic of) 2.60% 10/18/2034  | EUR100 | 114 |
| Ireland (Republic of) 3.00% 10/18/2043  | 80 | 88 |
|  |  | 202 |
| **Estonia 0.04%** |  |  |
| Estonia (Republic of) 3.25% 1/17/2034  | 160 | 187 |
| **Bulgaria 0.03%** |  |  |
| Bulgaria (Republic of) 4.50% 1/27/2033  | 120 | 152 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **142** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Portugal 0.03%** |  |  |
| Portugal (Republic of) 0.475% 10/18/2030  | EUR50 | $53 |
| Portugal (Republic of) 3.375% 6/15/2040  | 5 | 6 |
| Portugal (Republic of) 3.625% 6/12/2054  | 70 | 77 |
|  |  | 136 |
| **Philippines 0.03%** |  |  |
| Philippines (Republic of) 0.875% 5/17/2027  | 110 | 126 |
| **Netherlands 0.03%** |  |  |
| Netherlands (Kingdom of the) 5.50% 1/15/2028  | 100 | 125 |
| **Poland 0.02%** |  |  |
| Poland (Republic of), Series 1029, 2.75% 10/25/2029  | PLN410 | 108 |
| **Chile 0.01%** |  |  |
| Chile (Republic of) 4.70% 9/1/2030  | CLP55,000 | 60 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 57330 |
| **U.S. Treasury bonds & notes 5.53%** | **U.S. Treasury bonds & notes 5.53%** | **U.S. Treasury bonds & notes 5.53%** |
| **U.S. Treasury 5.05%** |  |  |
| U.S. Treasury 4.50% 4/15/2027  | USD1,160 | 1174 |
| U.S. Treasury 3.75% 4/30/2027  | 1710 | 1715 |
| U.S. Treasury 3.75% 6/30/2027  | 1510 | 1516 |
| U.S. Treasury 4.00% 6/30/2028 <sup>(c)</sup>  | 4484 | 4537 |
| U.S. Treasury 4.625% 9/30/2028  | 1875 | 1928 |
| U.S. Treasury 4.125% 3/31/2029  | 822 | 836 |
| U.S. Treasury 3.50% 9/30/2029  | 755 | 752 |
| U.S. Treasury 4.00% 2/28/2030  | 1094 | 1108 |
| U.S. Treasury 4.00% 5/31/2030  | 1090 | 1104 |
| U.S. Treasury 3.875% 6/30/2030  | 2117 | 2133 |
| U.S. Treasury 3.50% 11/30/2030  | 210 | 208 |
| U.S. Treasury 2.875% 5/15/2032  | 306 | 289 |
| U.S. Treasury 4.625% 2/15/2035 <sup>(c)</sup>  | 1544 | 1604 |
| U.S. Treasury 4.25% 5/15/2035  | 326 | 329 |
| U.S. Treasury 4.00% 11/15/2035  | 390 | 385 |
| U.S. Treasury 1.875% 2/15/2041  | 285 | 199 |
| U.S. Treasury 2.25% 5/15/2041  | 873 | 643 |
| U.S. Treasury 2.875% 11/15/2046  | 200 | 148 |
| U.S. Treasury 1.25% 5/15/2050  | 1155 | 554 |
| U.S. Treasury 1.375% 8/15/2050  | 570 | 281 |
| U.S. Treasury 2.375% 5/15/2051  | 510 | 322 |
| U.S. Treasury 2.00% 8/15/2051  | 560 | 322 |
| U.S. Treasury 4.00% 11/15/2052  | 270 | 235 |
| U.S. Treasury 3.625% 2/15/2053  | 149 | 121 |
| U.S. Treasury 4.25% 8/15/2054  | 320 | 290 |
|  |  | 22733 |
| **U.S. Treasury inflation-protected securities 0.48%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.375% 7/15/2027 <sup>(b)</sup>  | 377 | 373 |

---

---

| | |
|:---|:---|
| **143** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury inflation-protected securities (continued)** |  |  |
| U.S. Treasury Inflation-Protected Security 2.375% 10/15/2028 <sup>(b)</sup>  | USD698 | $719 |
| U.S. Treasury Inflation-Protected Security 1.00% 2/15/2049 <sup>(b)</sup>  | 272 | 196 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(b)</sup>  | 934 | 886 |
|  |  | 2174 |
| **Total U.S. Treasury bonds & notes** |  | 24907 |
| **Mortgage-backed obligations 5.43%** | **Mortgage-backed obligations 5.43%** | **Mortgage-backed obligations 5.43%** |
| **Federal agency mortgage-backed obligations 4.11%** |  |  |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(d)</sup>  | 32 | 31 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(d)</sup>  | 242 | 248 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(d)</sup>  | 64 | 67 |
| Fannie Mae Pool #BW9648 3.50% 7/1/2053 <sup>(d)</sup>  | 86 | 79 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(d)</sup>  | 319 | 325 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(d)</sup>  | 387 | 398 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(d)</sup>  | 19 | 19 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(d)</sup>  | 14 | 14 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(d)</sup>  | 2458 | 2526 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(d)</sup>  | 88 | 90 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(d)</sup>  | 68 | 71 |
| Fannie Mae Pool #DB8491 5.50% 7/1/2054 <sup>(d)</sup>  | 467 | 475 |
| Fannie Mae Pool #FS8467 5.50% 7/1/2054 <sup>(d)</sup>  | 178 | 182 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(d)</sup>  | 133 | 135 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(d)</sup>  | 94 | 97 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(d)</sup>  | 67 | 69 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(d)</sup>  | 85 | 86 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(d)</sup>  | 72 | 75 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(d)</sup>  | 67 | 69 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(d)</sup>  | 51 | 53 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(d)</sup>  | 6 | 7 |
| Fannie Mae Pool #DC0495 5.50% 9/1/2054 <sup>(d)</sup>  | 316 | 320 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(d)</sup>  | 3 | 3 |
| Fannie Mae Pool #MA5471 6.00% 9/1/2054 <sup>(d)</sup>  | 999 | 1026 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(d)</sup>  | 84 | 87 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(d)</sup>  | 14 | 15 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(d)</sup>  | 10 | 10 |
| Fannie Mae Pool #DC7042 4.50% 12/1/2054 <sup>(d)</sup>  | 281 | 275 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(d)</sup>  | 13 | 13 |
| Fannie Mae Pool #MA5583 4.00% 1/1/2055 <sup>(d)</sup>  | 177 | 168 |
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(d)</sup>  | 395 | 386 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(d)</sup>  | 99 | 101 |
| Fannie Mae Pool #DD2618 4.00% 3/1/2055 <sup>(d)</sup>  | 931 | 883 |
| Fannie Mae Pool #DD0782 5.50% 3/1/2055 <sup>(d)</sup>  | 39 | 40 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(d)</sup>  | 37 | 38 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(d)</sup>  | 1470 | 1547 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(d)</sup>  | 38 | 36 |
| Fannie Mae Pool #MA5697 4.00% 5/1/2055 <sup>(d)</sup>  | 57 | 54 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(d)</sup>  | 98 | 98 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(d)</sup>  | 50 | 50 |
| Fannie Mae Pool #MA5737 6.50% 6/1/2055 <sup>(d)</sup>  | 41 | 43 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(d)</sup>  | 235 | 238 |
| Fannie Mae Pool #MA5907 4.00% 12/1/2055 <sup>(d)</sup>  | 155 | 147 |
| Fannie Mae Pool #DF7614 6.50% 12/1/2055 <sup>(d)</sup>  | 81 | 86 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(d)</sup>  | 323 | 262 |
| Freddie Mac Pool #QE1079 3.50% 4/1/2052 <sup>(d)</sup>  | 66 | 61 |
| Freddie Mac Pool #SD8266 4.50% 11/1/2052 <sup>(d)</sup>  | 95 | 93 |
| Freddie Mac Pool #SD8287 4.50% 1/1/2053 <sup>(d)</sup>  | 53 | 52 |
| Freddie Mac Pool #SL1880 6.50% 11/1/2053 <sup>(d)</sup>  | 14 | 14 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(d)</sup>  | 448 | 455 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **144** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(d)</sup>  | USD195 | $198 |
| Freddie Mac Pool #RJ1855 5.00% 6/1/2054 <sup>(d)</sup>  | 26 | 26 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(d)</sup>  | 40 | 41 |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(d)</sup>  | 78 | 81 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(d)</sup>  | 35 | 35 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(d)</sup>  | 102 | 106 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(d)</sup>  | 64 | 66 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(d)</sup>  | 52 | 54 |
| Freddie Mac Pool #SD8453 5.50% 8/1/2054 <sup>(d)</sup>  | 21 | 21 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(d)</sup>  | 5 | 5 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(d)</sup>  | 151 | 156 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(d)</sup>  | 76 | 79 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(d)</sup>  | 75 | 78 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(d)</sup>  | 72 | 75 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(d)</sup>  | 32 | 33 |
| Freddie Mac Pool #SD8484 4.00% 11/1/2054 <sup>(d)</sup>  | 175 | 166 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(d)</sup>  | 72 | 70 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(d)</sup>  | 64 | 65 |
| Freddie Mac Pool #SD8487 4.00% 12/1/2054 <sup>(d)</sup>  | 94 | 89 |
| Freddie Mac Pool #SD8491 5.00% 12/1/2054 <sup>(d)</sup>  | 205 | 205 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(d)</sup>  | 60 | 61 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(d)</sup>  | 1 | 1 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(d)</sup>  | 330 | 347 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(d)</sup>  | 961 | 975 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(d)</sup>  | 43 | 43 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(d)</sup>  | 89 | 89 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(d)</sup>  | 237 | 237 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(d)</sup>  | 874 | 873 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(d)(e)</sup>  | 1030 | 833 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(d)(e)</sup>  | 7 | 7 |
| Uniform Mortgage-Backed Security 4.00% 1/1/2056 <sup>(d)(e)</sup>  | 485 | 460 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(d)(e)</sup>  | 338 | 330 |
| Uniform Mortgage-Backed Security 5.50% 1/1/2056 <sup>(d)(e)</sup>  | 483 | 490 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(d)(e)</sup>  | 20 | 20 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(d)(e)</sup>  | 392 | 361 |
|  |  | 18493 |
| **Commercial mortgage-backed securities 0.61%** |  |  |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(d)(f)</sup>  | 55 | 57 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(d)(g)</sup>  | 140 | 144 |
| BX Trust, Series 2025-ARIA, Class A, 5.031% 12/13/2042 <sup>(d)(f)(g)</sup>  | 335 | 339 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.70% 12/15/2044 <sup>(d)(f)(g)</sup>  | 298 | 299 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/2028 <sup>(d)(f)(g)</sup>  | 100 | 104 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(d)(f)(g)</sup>  | 135 | 139 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.20% 12/15/2039 <sup>(d)(f)(g)</sup>  | 24 | 24 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.143% <br>3/15/2042 <sup>(d)(f)(g)</sup>  | 100 | 100 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(d)(f)(g)</sup>  | 157 | 163 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(d)(f)(g)</sup>  | 100 | 101 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(d)(f)(g)</sup>  | 131 | 136 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.10% <br>3/15/2042 <sup>(d)(f)(g)</sup>  | 295 | 296 |
| KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) <br> 5.293% 12/15/2039 <sup>(d)(f)(g)</sup>  | 139 | 139 |

---

---

| | |
|:---|:---|
| **145** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** |  |  |
| Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 6.624% 7/25/2054 <sup>(d)(f)(g)</sup>  | USD50 | $51 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(d)(f)(g)</sup>  | 128 | 128 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.193% 2/15/2042 <sup>(d)(f)(g)</sup>  | 555 | 551 |
|  |  | 2771 |
| **Collateralized mortgage-backed obligations (privately originated) 0.49%** |  |  |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(d)(f)(g)</sup>  | 66 | 66 |
| Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M1, (30-day Average USD-SOFR + 2.30%) <br> 6.174% 5/25/2043 <sup>(d)(f)(g)</sup>  | 122 | 124 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) <br> 5.774% 6/25/2043 <sup>(d)(f)(g)</sup>  | 55 | 55 |
| Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) <br> 5.574% 7/25/2043 <sup>(d)(f)(g)</sup>  | 35 | 35 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2, (30-day Average USD-SOFR + 1.80%) <br> 5.674% 1/25/2044 <sup>(d)(f)(g)</sup>  | 55 | 55 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) <br> 4.974% 5/25/2044 <sup>(d)(f)(g)</sup>  | 36 | 36 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M2, (30-day Average USD-SOFR + 1.65%) <br> 5.524% 5/25/2044 <sup>(d)(f)(g)</sup>  | 121 | 122 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) <br> 4.874% 2/25/2045 <sup>(d)(f)(g)</sup>  | 20 | 20 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) <br> 5.024% 2/25/2045 <sup>(d)(f)(g)</sup>  | 35 | 36 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA1, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 4.824% 1/25/2045 <sup>(d)(f)(g)</sup>  | 23 | 23 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(d)(g)(h)</sup>  | 189 | 191 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(d)(g)(h)</sup>  | 98 | 99 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(d)(g)(h)</sup>  | 96 | 97 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(d)(f)(g)</sup>  | 82 | 77 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(d)(g)(h)</sup>  | 70 | 70 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(d)(g)(h)</sup>  | 136 | 138 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(d)(g)(h)</sup>  | 180 | 182 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on <br>12/1/2028) <sup>(d)(g)(h)</sup>  | 197 | 198 |
| Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.201% 2/17/2042 <sup>(d)(f)(g)</sup>  | 100 | 100 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(d)(g)(h)</sup>  | 196 | 199 |
| Verus Securitization Trust, Series 2024-4, Class A2, 6.572% 6/25/2069 (7.572% on 5/1/2028) <sup>(d)(g)(h)</sup>  | 98 | 100 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(d)(f)(g)</sup>  | 84 | 84 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(d)(g)(h)</sup>  | 120 | 120 |
|  |  | 2227 |
| **Other mortgage-backed securities 0.22%** |  |  |
| Nykredit Realkredit AS, Series 01E, 1.50% 10/1/2037 <sup>(d)</sup>  | DKK397 | 58 |
| Nykredit Realkredit AS, Series 01E, 1.50% 10/1/2040 <sup>(d)</sup>  | 1054 | 151 |
| Nykredit Realkredit AS, Series 01E, 0.50% 10/1/2043 <sup>(d)</sup>  | 4925 | 637 |
| Nykredit Realkredit AS, Series 01E, 0.50% 10/1/2050 <sup>(d)</sup>  | 438 | 50 |
| Nykredit Realkredit AS, Series CCE, 1.00% 10/1/2050 <sup>(d)</sup>  | 530 | 65 |
| Realkredit Danmark AS 1.00% 10/1/2053 <sup>(d)</sup>  | 176 | 22 |
|  |  | 983 |
| **Total mortgage-backed obligations** |  | 24474 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **146** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes 5.05%** | **Corporate bonds and notes 5.05%** | **Corporate bonds and notes 5.05%** |
| **Financials 1.32%** |  |  |
| 200 Park Funding Trust 5.74% 2/15/2055 <sup>(g)</sup>  | USD100 | $100 |
| AIA Group, Ltd. 0.88% 9/9/2033 (5-year EUR Mid-Swap + 1.10% on 9/9/2028) <sup>(h)</sup>  | EUR230 | 257 |
| AIB Group PLC 5.75% 2/16/2029 (1-year EUR Mid-Swap + 2.85% on 2/16/2028) <sup>(h)</sup>  | 100 | 125 |
| Banco de Sabadell SA 5.25% 2/7/2029 (1-year EUR Mid-Swap + 2.40% on 2/7/2028) <sup>(h)</sup>  | 100 | 123 |
| Banco de Sabadell SA 5.125% 6/27/2034 (5-year EUR Mid-Swap + 2.40% on 6/7/2029) <sup>(h)</sup>  | 100 | 124 |
| Barclays PLC 7.09% 11/6/2029 (1-year GBP-OIS SONIO/N + 2.553% on 11/6/2028) <sup>(h)</sup>  | GBP100 | 143 |
| Barclays PLC 4.616% 3/26/2037 (5-year EUR Mid-Swap + 2.05% on 3/26/2032) <sup>(h)</sup>  | EUR100 | 121 |
| BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on <br> 6/29/2033) <sup>(h)</sup>  | USD200 | 221 |
| BPCE SA 4.50% 1/13/2033  | EUR100 | 123 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | USD7 | 7 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(g)(h)</sup>  | 200 | 208 |
| CaixaBank SA 4.375% 8/8/2036 (5-year EUR-ICE Swap EURIBOR + 1.95% on 8/8/2031) <sup>(h)</sup>  | EUR200 | 242 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | USD10 | 10 |
| Chubb INA Holdings, LLC 4.35% 11/3/2045  | 20 | 17 |
| Citigroup, Inc. 4.542% 9/19/2030 (USD-SOFR + 1.338% on 9/19/2029) <sup>(h)</sup>  | 70 | 71 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 59 | 56 |
| Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026) <sup>(h)</sup>  | 160 | 157 |
| Deutsche Bank AG 1.75% 11/19/2030 (3-month EUR-EURIBOR + 2.05% on 11/19/2029) <sup>(h)</sup>  | EUR200 | 222 |
| DNB Bank ASA 4.00% 8/17/2027 (1-year GBP-GILT + 2.15% on 8/17/2026) <sup>(h)</sup>  | GBP100 | 135 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(h)</sup>  | USD135 | 141 |
| HSBC Holdings PLC 7.39% 11/3/2028 (USD-SOFR + 7.39% on 11/3/2027) <sup>(h)</sup>  | 360 | 381 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(h)</sup>  | 200 | 201 |
| HSBC Holdings PLC 7.399% 11/13/2034 (USD-SOFR + 3.02% on 11/13/2033) <sup>(h)</sup>  | 290 | 331 |
| ING Groep NV 5.25% 11/14/2033 (3-month EUR-EURIBOR + 2.15% on 11/14/2032) <sup>(h)</sup>  | EUR100 | 130 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(h)</sup>  | USD85 | 86 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(h)</sup>  | 280 | 250 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(h)</sup>  | 220 | 231 |
| Mastercard, Inc. 2.00% 11/18/2031  | 102 | 91 |
| Mizuho Financial Group, Inc. 5.778% 7/6/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.65% on 7/6/2028) <sup>(h)</sup>  | 294 | 306 |
| Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029) <sup>(h)</sup>  | 150 | 156 |
| NatWest Group PLC 0.78% 2/26/2030 (3-month EUR-EURIBOR + 0.949% on 2/26/2029) <sup>(h)</sup>  | EUR175 | 192 |
| New York Life Insurance Co. 3.75% 5/15/2050 <sup>(g)</sup>  | USD23 | 17 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(h)</sup>  | 65 | 74 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(h)</sup>  | 25 | 26 |
| PT Bank Negara Indonesia (Persero) Tbk 5.28% 4/5/2029  | 280 | 287 |
| Standard Chartered PLC 5.244% 5/13/2031 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.35% <br> on 5/13/2030) <sup>(g)(h)</sup>  | 330 | 340 |
| Toronto-Dominion Bank (The) 4.808% 6/3/2030  | 75 | 77 |
| Wells Fargo & Co. 3.90% 7/22/2032 (3-month EUR-EURIBOR + 1.22% on 7/22/2031) <sup>(h)(i)</sup>  | EUR150 | 181 |
|  |  | 5960 |
| **Utilities 0.61%** |  |  |
| Alfa Transmisora De Energia SA 4.55% 9/27/2051  | USD197 | 159 |
| CMS Energy Corp. 3.00% 5/15/2026  | 180 | 179 |
| Duke Energy Corp. 3.75% 4/1/2031  | EUR100 | 119 |
| Electricite de France SA 4.25% 1/25/2032  | 100 | 123 |
| Electricite de France SA 4.00% 5/7/2037  | 100 | 117 |
| Electricite de France SA 2.625% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.86% on <br> 6/1/2028) <sup>(h)</sup>  | 200 | 230 |
| Electricite de France SA 7.50% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 4.86% on <br> 12/6/2028) <sup>(h)</sup>  | 200 | 256 |
| Enel Finance International NV 2.125% 7/12/2028 <sup>(g)</sup>  | USD200 | 190 |
| Enfragen Energia Sur SA 5.375% 12/30/2030  | 200 | 186 |
| Engie SA 7.00% 10/30/2028  | GBP50 | 72 |
| Exelon Corp. 3.40% 4/15/2026  | USD75 | 75 |
| Interstate Power and Light Co. 2.30% 6/1/2030  | 50 | 46 |

---

---

| | |
|:---|:---|
| **147** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** |  |  |
| Pacific Gas and Electric Co. 6.15% 1/15/2033  | USD78 | $83 |
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | 120 | 126 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 120 | 102 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 137 | 93 |
| Public Service Co. of Colorado 2.70% 1/15/2051  | 125 | 76 |
| Southern California Edison Co. 5.45% 3/1/2035  | 150 | 152 |
| Southern California Edison Co. 6.20% 9/15/2055  | 60 | 61 |
| SP Transmission PLC 2.00% 11/13/2031  | GBP100 | 117 |
| Xcel Energy, Inc. 3.35% 12/1/2026  | USD200 | 199 |
|  |  | 2761 |
| **Energy 0.59%** |  |  |
| Ecopetrol SA 8.625% 1/19/2029  | 125 | 134 |
| Empresa Nacional del Petroleo 5.95% 7/30/2034 <sup>(g)</sup>  | 200 | 210 |
| Enterprise Products Operating, LLC 4.95% 2/15/2035  | 25 | 25 |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(g)</sup>  | 225 | 236 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 1455 | 1479 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 80 | 65 |
| Qatar Energy 3.125% 7/12/2041 <sup>(g)</sup>  | 320 | 247 |
| Raizen Fuels Finance SA 6.45% 3/5/2034 <sup>(g)</sup>  | 200 | 163 |
| TotalEnergies Capital SA 5.488% 4/5/2054  | 85 | 82 |
|  |  | 2641 |
| **Communication services 0.57%** |  |  |
| America Movil, SAB de CV, 10.125% 1/22/2029  | MXN9,100 | 522 |
| America Movil, SAB de CV, 9.50% 1/27/2031  | 2000 | 113 |
| America Movil, SAB de CV, 10.30% 1/30/2034  | 2000 | 117 |
| AT&T, Inc. 2.75% 6/1/2031  | USD165 | 152 |
| AT&T, Inc. 5.20% 11/18/2033  | GBP100 | 136 |
| AT&T, Inc. 2.55% 12/1/2033  | USD64 | 55 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(g)</sup>  | 75 | 64 |
| Comcast Corp. 3.55% 5/1/2028  | 70 | 69 |
| Comcast Corp. 0.25% 9/14/2029  | EUR250 | 267 |
| Deutsche Telekom International Finance BV 9.25% 6/1/2032  | USD45 | 56 |
| Orange 3.625% 11/16/2031  | EUR100 | 120 |
| Orange 5.625% 1/23/2034  | GBP90 | 127 |
| T-Mobile USA, Inc. 2.05% 2/15/2028  | USD200 | 192 |
| T-Mobile USA, Inc. 3.15% 2/11/2032  | EUR100 | 116 |
| T-Mobile USA, Inc. 5.15% 4/15/2034  | USD115 | 118 |
| Verizon Communications, Inc. 0.375% 3/22/2029  | EUR140 | 152 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | USD100 | 88 |
| Verizon Communications, Inc. 0.75% 3/22/2032  | EUR100 | 101 |
|  |  | 2565 |
| **Industrials 0.43%** |  |  |
| Boeing Co. (The) 6.298% 5/1/2029  | USD95 | 101 |
| Boeing Co. (The) 6.528% 5/1/2034  | 604 | 668 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 42 | 32 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 129 | 86 |
| Carrier Global Corp. 2.493% 2/15/2027  | 7 | 7 |
| CSX Corp. 3.80% 4/15/2050  | 6 | 5 |
| CSX Corp. 2.50% 5/15/2051  | 75 | 45 |
| GE Capital International Funding Co. Unlimited Co. 4.418% 11/15/2035  | 200 | 195 |
| Honeywell International, Inc. 3.75% 3/1/2036  | EUR100 | 116 |
| Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034 <sup>(g)</sup>  | USD76 | 79 |
| MISC Capital Two (Labuan), Ltd. 3.75% 4/6/2027 <sup>(g)</sup>  | 200 | 199 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **148** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** |  |  |
| RTX Corp. 4.125% 11/16/2028  | USD100 | $100 |
| RTX Corp. 6.10% 3/15/2034  | 55 | 60 |
| RTX Corp. 4.50% 6/1/2042  | 70 | 63 |
| Veralto Corp. 4.15% 9/19/2031  | EUR100 | 122 |
| Veralto Corp. 5.45% 9/18/2033  | USD40 | 42 |
|  |  | 1920 |
| **Consumer discretionary 0.33%** |  |  |
| BMW International Investment BV 4.75% 9/4/2030  | GBP100 | 137 |
| Ford Motor Credit Co., LLC 3.622% 7/27/2028  | EUR200 | 237 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | USD200 | 203 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 200 | 207 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 140 | 146 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(g)</sup>  | 100 | 99 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(g)</sup>  | 72 | 74 |
| Hyundai Capital America 4.50% 9/18/2030 <sup>(g)</sup>  | 100 | 100 |
| McDonald's Corp. 1.60% 3/15/2031 <sup>(i)</sup>  | EUR100 | 109 |
| Sands China, Ltd. 4.375% 6/18/2030  | USD200 | 197 |
|  |  | 1509 |
| **Health care 0.33%** |  |  |
| AbbVie, Inc. 5.05% 3/15/2034  | 25 | 26 |
| AbbVie, Inc. 5.35% 3/15/2044  | 25 | 25 |
| AbbVie, Inc. 5.40% 3/15/2054  | 25 | 24 |
| AbbVie, Inc. 5.50% 3/15/2064  | 25 | 24 |
| Amgen, Inc. 2.20% 2/21/2027  | 200 | 196 |
| Amgen, Inc. 4.20% 3/1/2033  | 200 | 196 |
| Amgen, Inc. 5.65% 3/2/2053  | 300 | 294 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 60 | 59 |
| CVS Health Corp. 5.40% 6/1/2029  | 125 | 129 |
| GE HealthCare Technologies, Inc. 4.80% 8/14/2029  | 33 | 34 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 107 | 108 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 21 | 20 |
| Takeda Pharmaceutical Co., Ltd. 2.25% 11/21/2026  | EUR100 | 117 |
| UnitedHealth Group, Inc. 4.00% 5/15/2029  | USD150 | 150 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 65 | 64 |
|  |  | 1466 |
| **Consumer staples 0.32%** |  |  |
| Altria Group, Inc. 2.20% 6/15/2027  | EUR170 | 199 |
| BAT Capital Corp. 3.215% 9/6/2026  | USD62 | 62 |
| BAT Capital Corp. 3.557% 8/15/2027  | 105 | 104 |
| BAT Capital Corp. 3.462% 9/6/2029  | 75 | 73 |
| BAT Capital Corp. 5.625% 8/15/2035  | 243 | 253 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 47 | 45 |
| Coca-Cola Co. 4.65% 8/14/2034  | 61 | 62 |
| Coca-Cola Co. 3.75% 8/15/2053  | EUR125 | 133 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(g)</sup>  | USD105 | 108 |
| Minerva Luxembourg SA 8.875% 9/13/2033  | 200 | 219 |
| Philip Morris International, Inc. 4.00% 10/29/2030  | 60 | 60 |
| Philip Morris International, Inc. 5.75% 11/17/2032  | 110 | 118 |
|  |  | 1436 |
| **Materials 0.30%** |  |  |
| Braskem Netherlands Finance BV 4.50% 1/31/2030  | 220 | 86 |

---

---

| | |
|:---|:---|
| **149** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Materials (continued)** |  |  |
| Braskem Netherlands Finance BV 8.50% 1/12/2031  | USD400 | $157 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(g)</sup>  | 250 | 263 |
| Nickel Industries, Ltd. 9.00% 9/30/2030 <sup>(g)</sup>  | 200 | 208 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(h)(j)</sup>  | 276 | 280 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(g)(h)(j)</sup>  | 46 | 47 |
| Vale Overseas, Ltd. 3.75% 7/8/2030  | 94 | 91 |
| Verallia SAS 3.875% 11/4/2032  | EUR200 | 229 |
|  |  | 1361 |
| **Information technology 0.15%** |  |  |
| Amphenol Corp. 3.125% 6/16/2032  | 100 | 116 |
| Broadcom, Inc. 4.00% 4/15/2029 <sup>(g)</sup>  | USD21 | 21 |
| Broadcom, Inc. 4.15% 11/15/2030  | 30 | 30 |
| Broadcom, Inc. 3.469% 4/15/2034  | 123 | 112 |
| Oracle Corp. 2.65% 7/15/2026  | 216 | 214 |
| SK hynix, Inc. 1.50% 1/19/2026  | 200 | 200 |
|  |  | 693 |
| **Real estate 0.10%** |  |  |
| American Tower Corp. 0.875% 5/21/2029  | EUR130 | 143 |
| Equinix Europe 2 Financing Corp., LLC 5.50% 6/15/2034  | USD100 | 103 |
| Equinix, Inc. 2.15% 7/15/2030  | 176 | 160 |
| Essex Portfolio, LP 3.375% 4/15/2026  | 40 | 40 |
|  |  | 446 |
| **Total corporate bonds and notes** |  | 22758 |
| **Asset-backed obligations 0.54%** | **Asset-backed obligations 0.54%** | **Asset-backed obligations 0.54%** |
| **Other asset-backed securities 0.29%** |  |  |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(d)(g)</sup>  | 323 | 324 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(d)(g)</sup>  | 93 | 95 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(d)(g)</sup>  | 76 | 76 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(d)(g)</sup>  | 208 | 211 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class B, 7.15% 6/17/2031 <sup>(d)(g)</sup>  | 100 | 101 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(d)(g)</sup>  | 86 | 87 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A3, 5.11% 11/21/2033 <sup>(d)(g)</sup>  | 231 | 236 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(d)(g)</sup>  | 161 | 162 |
|  |  | 1292 |
| **Credit card 0.11%** |  |  |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(d)(g)</sup>  | 100 | 100 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(d)(g)</sup>  | 113 | 114 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(d)(g)</sup>  | 100 | 100 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(d)(g)</sup>  | 100 | 101 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(d)(g)</sup>  | 100 | 101 |
|  |  | 516 |
| **Auto loan 0.09%** |  |  |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/2027 <sup>(d)(g)</sup>  | 125 | 126 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(d)(g)</sup>  | 148 | 154 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(d)(g)</sup>  | 100 | 101 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(d)(g)</sup>  | 10 | 10 |
|  |  | 391 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **150** |

---

------

American Funds Global Balanced Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Collateralized loan obligations 0.04%** |  |  |
| Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 4.905% <br>7/15/2032 <sup>(d)(f)(g)</sup>  | USD181 | $180 |
| **Student loan 0.01%** |  |  |
| SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 5.534% <br> 11/15/2052 <sup>(d)(f)(g)</sup>  | 62 | 63 |
| **Total asset-backed obligations** |  | 2442 |
| **Federal agency bonds & notes 0.07%** | **Federal agency bonds & notes 0.07%** | **Federal agency bonds & notes 0.07%** |
| Export-Import Bank of Thailand 5.354% 5/16/2029  | 200 | 208 |
| Korea Development Bank 6.75% 7/1/2030  | INR10,000 | 110 |
|  |  | 318 |
| **Municipals 0.03%** | **Municipals 0.03%** | **Municipals 0.03%** |
| **Ohio 0.02%** |  |  |
| Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, <br> 3.216% 2/15/2048  | USD100 | 74 |
| **Texas 0.01%** |  |  |
| Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% <br> 10/1/2052  | 80 | 55 |
| **Total municipals** |  | 129 |
| **Total bonds, notes & other debt instruments** (cost: $134,692,000) |  | 132358 |
| Investment funds 0.94% | Shares |  |
| Capital Group Central Corporate Bond Fund <sup>(k)</sup>  | 499957 | 4250 |
| **Total investment funds** (cost: $3,967,000) |  | 4250 |
| Short-term securities 6.16% |  |  |
| **Money market investments 6.16%** | **Money market investments 6.16%** | **Money market investments 6.16%** |
| Capital Group Central Cash Fund 3.79% <sup>(k)(l)</sup>  | 277543 | 27757 |
| **Total short-term securities** (cost: $27,752,000) |  | 27757 |
| Options purchased (equity style) 0.00% |  |  |
| Options purchased (equity style)\* |  | 2 |
| **Total options purchased (equity style)** (cost: $10,000) |  | 2 |
| **Total investment securities 100.13%** (cost: $367,548,000) |  | 451054 |
| Other assets less liabilities (0.13)% |  | (587)<br>|
| **Net assets 100.00%** |  | $450467 |

---

---

| | |
|:---|:---|
| **151** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

**\*Options purchased (equity style)**

------

**Options on foreign currencies** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Counterparty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| USD/JPY Foreign Currency Options | BNP Paribas | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPY147.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD2,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2 |

---

**Options purchased (futures style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| 10 Year Euro-Bund Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR126.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR1,800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(m)</sup><br>|

---

**Options written (futures style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 10 Year Euro-Bund Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR131.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR(1,800)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month CORRA Futures | Long | 96 | 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD17,086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $52 |
| 3 Month CORRA Futures | Short | 4 | 9/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (712)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| 2 Year Italy Government Bond Futures | Long | 44 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>|
| 2 Year Euro-Schatz Futures | Short | 22 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2761)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
| 2 Year Canadian Government Bond Futures | Long | 12 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 111 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| 5 Year Euro-Bobl Futures | Long | 22 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| 5 Year Canadian Government Bond Futures | Long | 14 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 15 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| 10 Year Euro-Bund Futures | Long | 5 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| 10 Year French Government Bond Futures | Short | 3 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (425)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
| 10 Year Italy Government Bond Futures | Short | 8 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1130)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **152** |

---

------

American Funds Global Balanced Fund (continued)

**Futures contracts** (continued)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of<br> contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration<br> date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value and<br> unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 10 Year Australian Treasury Bond Futures | Long | 8 | 3/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3 |
| 10 Year Japanese Government Bond Futures | Short | 3 | 3/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2536)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| 10 Year U.S. Treasury Note Futures | Long | 26 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 6 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| 10 Year UK Gilt Futures | Short | 2 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (246)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| 10 Year Canadian Government Bond Futures | Short | 7 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (617)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| 20 Year U.S. Treasury Bond Futures | Long | 15 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| 30 Year Euro-Buxl Futures | Short | 8 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1035)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 13 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(14)<br>|

---

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| TRY | 13630 | USD | 312 | Citibank | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3 |
| USD | 899 | MYR | 3710 | JPMorgan Chase | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16)<br>|
| USD | 725 | JPY | 112210 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| USD | 355 | JPY | 54745 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |
| USD | 277 | JPY | 42750 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| CHF | 130 | USD | 163 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CZK | 13595 | EUR | 562 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | 21 | CLP | 19505 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| USD | 464 | IDR | 7740641 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| JPY | 33170 | USD | 212 | BNP Paribas | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| USD | 244 | MXN | 4405 | Morgan Stanley | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| USD | 78 | COP | 300000 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 517 | CHF | 410 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| JPY | 10610 | USD | 69 | Morgan Stanley | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 339 | CHF | 270 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 1134 | INR | 102200 | HSBC Bank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 415 | CZK | 8586 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 334 | GBP | 250 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 291 | MXN | 5330 | UBS AG | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | 606 | EUR | 520 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| USD | 443 | KRW | 655190 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11)<br>|
| USD | 1103 | CAD | 1535 | Barclays Bank PLC | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16)<br>|
| USD | 1614 | KRW | 2363730 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| CNH | 17205 | USD | 2438 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| ZAR | 3460 | USD | 202 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| CNH | 4541 | USD | 646 | Goldman Sachs | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |
| EUR | 186 | CAD | 300 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| NZD | 47 | USD | 27 | Bank of America | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| EUR | 411 | GBP | 360 | UBS AG | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 64 | NOK | 651 | Morgan Stanley | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 71 | RON | 310 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 123 | SGD | 160 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 264 | MXN | 4785 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 107 | PLN | 390 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 93 | SEK | 870 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 2079 | AUD | 3141 | Morgan Stanley | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17)<br>|

---

---

| | |
|:---|:---|
| **153** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

**Forward currency contracts** (continued)

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased<br> (000) | Currency purchased<br> (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 2316 | HUF | 767740 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(29)<br>|
| USD | 668 | THB | 20965 | UBS AG | 1/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| USD | 8604 | JPY | 1330280 | Goldman Sachs | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 |
| EUR | 395 | DKK | 2950 | HSBC Bank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| EUR | 160 | USD | 188 | JPMorgan Chase | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| USD | 93 | ILS | 300 | HSBC Bank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | 2540 | EUR | 2180 | Morgan Stanley | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| USD | 7733 | CNH | 54343 | Goldman Sachs | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65)<br>|
| EUR | 529 | GBP | 465 | HSBC Bank | 1/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | 3966 | GBP | 2966 | Citibank | 1/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32)<br>|
| GBP | 466 | EUR | 530 | HSBC Bank | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| USD | 631 | GBP | 470 | Morgan Stanley | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 2832 | BRL | 15446 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| USD | 288 | BRL | 1600 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 26139 | EUR | 22194 | HSBC Bank | 1/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| EUR | 1365 | USD | 1610 | Standard Chartered Bank | 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| EUR | 3015 | USD | 3548 | Morgan Stanley | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| EUR | 1050 | USD | 1236 | Morgan Stanley | 3/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(52)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| 3.79165% | Annual | SOFR | Annual | &nbsp;&nbsp; 1/13/2026 | &nbsp;&nbsp; USD865 | &nbsp;&nbsp; $— <br><sup>(m)</sup><br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— <br><sup>(m)</sup><br>|
| 4.254% | Annual | SONIA | Annual | &nbsp;&nbsp; 5/9/2027 | &nbsp;&nbsp; GBP70 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 |
| 3.5175% | Annual | SOFR | Annual | &nbsp;&nbsp; 8/15/2027 | &nbsp;&nbsp; USD210 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 |
| SOFR | Annual | 3.4925% | Annual | &nbsp;&nbsp; 8/19/2027 | &nbsp;&nbsp; USD8,340 | &nbsp;&nbsp; (21)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (21)<br>|
| SOFR | Annual | 3.3395% | Annual | &nbsp;&nbsp; 9/23/2027 | &nbsp;&nbsp; USD8,510 | &nbsp;&nbsp; (2)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2)<br>|
| 4.98038% | Annual | SONIA | Annual | &nbsp;&nbsp; 6/21/2028 | &nbsp;&nbsp; GBP267 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12 |
| SOFR | Annual | 3.29015% | Annual | &nbsp;&nbsp; 1/13/2030 | &nbsp;&nbsp; USD2,870 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12 |
| 6-month EURIBOR | Semi-annual | 2.2577% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR310 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4 |
| 6-month EURIBOR | Semi-annual | 2.2562% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR310 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4 |
| 6-month EURIBOR | Semi-annual | 2.2592% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR310 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| 3.925% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; NOK3,700 | &nbsp;&nbsp; (2)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2)<br>|
| 6-month EURIBOR | Semi-annual | 2.1912% | Annual | &nbsp;&nbsp; 3/6/2030 | &nbsp;&nbsp; EUR280 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4 |
| 4.165% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK1,500 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 |
| 4.1703% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK960 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| 4.162% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK970 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| 4.165% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/25/2030 | &nbsp;&nbsp; NOK3,540 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 |
| 6-month NOK-NIBOR | Semi-annual | 3.99% | Annual | &nbsp;&nbsp; 9/22/2030 | &nbsp;&nbsp; NOK2,420 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 |
| 6-month NOK-NIBOR | Semi-annual | 4.08% | Annual | &nbsp;&nbsp; 9/23/2030 | &nbsp;&nbsp; NOK2,390 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| 6-month NOK-NIBOR | Semi-annual | 4.095% | Annual | &nbsp;&nbsp; 9/23/2030 | &nbsp;&nbsp; NOK2,390 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| 6-month NOK-NIBOR | Semi-annual | 4.09% | Annual | &nbsp;&nbsp; 9/23/2030 | &nbsp;&nbsp; NOK1,220 | &nbsp;&nbsp; — <br><sup>(m)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(m)</sup><br>|
| SONIA | Annual | 4.36738% | Annual | &nbsp;&nbsp; 6/21/2033 | &nbsp;&nbsp; GBP62 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3)<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **154** |

---

------

American Funds Global Balanced Fund (continued)

**Swap contracts** (continued)

------

**Interest rate swaps** (continued)

**Centrally cleared interest rate swaps** (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 12/31/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 12/31/2025<br> (000) |
| Rate | &nbsp;&nbsp; Payment<br> frequency<br>| Rate | &nbsp;&nbsp; Payment<br> frequency<br>| Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 12/31/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 12/31/2025<br> (000) |
| 6-month EURIBOR | Semi-annual | 2.8972% | Annual | &nbsp;&nbsp; 9/11/2055 | &nbsp;&nbsp; EUR180 | &nbsp;&nbsp; $14 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $14 |
| SOFR | Annual | 3.9305% | Annual | &nbsp;&nbsp; 9/23/2055 | &nbsp;&nbsp; USD940 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38 |
|  |  |  |  |  |  | &nbsp;&nbsp; $68 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $68 |

---

**Bilateral interest rate swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Counterparty | &nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | &nbsp;&nbsp; Value at <br>12/31/2025 <br>(000) | &nbsp;&nbsp; Upfront <br>premium <br>paid <br>(received) <br>(000) | &nbsp;&nbsp; Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Counterparty | &nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | &nbsp;&nbsp; Value at <br>12/31/2025 <br>(000) | &nbsp;&nbsp; Upfront <br>premium <br>paid <br>(received) <br>(000) | &nbsp;&nbsp; Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| 11.91% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/4/2027 | &nbsp;&nbsp; BRL2,940 | &nbsp;&nbsp; $(22)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(22)<br>|
| 13.995% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL6,010 | &nbsp;&nbsp; 22 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22 |
| 14.115% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL1,660 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8 |
| 14.05% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL1,210 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5 |
| 14.05% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL740 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| 11.495% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL1,530 | &nbsp;&nbsp; (22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (22)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $(6)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(6)<br>|

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| ITRAXX.EUR.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; EUR1,520 | &nbsp;&nbsp;&nbsp;&nbsp; $(41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(3)<br>|

---

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(n)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <sup>(o)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD1,928 | &nbsp;&nbsp;&nbsp;&nbsp; $44 | &nbsp;&nbsp;&nbsp;&nbsp; $44 | &nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(m)</sup><br>|

---

**Investments in affiliates** <sup>(k)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Investment funds 0.94%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund  | $3953 | &nbsp;&nbsp; $195 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $102 | &nbsp;&nbsp; $4250 | &nbsp;&nbsp; $195 |

---

---

| | |
|:---|:---|
| **155** | American Funds Insurance Series |

---

------

American Funds Global Balanced Fund (continued)

**Investments in affiliates** <sup>(k)</sup> (continued)

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at<br> 1/1/2025<br> (000)<br>| Additions<br> (000)<br>| Reductions<br> (000)<br>| Net<br> realized<br> gain (loss)<br> (000)<br>| Net<br> unrealized<br> appreciation<br> (depreciation)<br> (000)<br>| Value at<br> 12/31/2025<br> (000)<br>| Dividend<br> or interest<br> income<br> (000)<br>|
| **Short-term securities 6.16%** |  |  |  |  |  |  |  |
| **Money market investments 6.16%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(l)</sup>  | $22187 | &nbsp;&nbsp; $115565 | &nbsp;&nbsp; $109995 | &nbsp;&nbsp; $(2)<br>| &nbsp;&nbsp; $2 | &nbsp;&nbsp; $27757 | &nbsp;&nbsp; $1158 |
| **Total 7.10%** |  |  |  | &nbsp;&nbsp; $(2)<br>| &nbsp;&nbsp; $104 | &nbsp;&nbsp; $32007 | &nbsp;&nbsp; $1353 |

---

**Restricted securities** <sup>(i)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Wells Fargo & Co. 3.90% 7/22/2032 (3-month EUR-EURIBOR + 1.22% on <br> 7/22/2031) <sup>(h)</sup> <br>| 12/4/2024 | $163 | $181 | 0.04<br> %<br>|
| McDonald's Corp. 1.60% 3/15/2031  | 9/30/2024 | 104 | 109 | 0.02 |
| **Total** |  | $267 | $290 | 0.06<br> %<br>|

---

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(c)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $899,000, which represented 0.20% of the net assets of the fund. 

<sup>(d)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(e)</sup> Represents securities transacted on a TBA basis.

<sup>(f)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(g)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $10,356,000, which represented 2.30% of the net assets of the fund. 

<sup>(h)</sup> Step bond; coupon rate may change at a later date.

<sup>(i)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(j)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(k)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(l)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(m)</sup> Amount less than one thousand.

<sup>(n)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(o)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

---

| | |
|:---|:---|
| American Funds Insurance Series | **156** |

---

------

American Funds Global Balanced Fund (continued)

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| AUD = Australian dollars |
| BRL = Brazilian reais |
| BZDIOVER = Overnight Brazilian Interbank Deposit Rate |
| CAD = Canadian dollars |
| CHF = Swiss francs |
| CLO = Collateralized Loan Obligations |
| CLP = Chilean pesos |
| CME = CME Group |
| CNH = Chinese yuan renminbi |
| CNY = Chinese yuan renminbi |
| COP = Colombian pesos |
| CORRA = Canadian Overnight Repo Rate Average |
| CZK = Czech korunas |
| DKK = Danish kroner |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| GBP = British pounds |
| HUF = Hungarian forints |
| ICE = Intercontinental Exchange, Inc. |
| IDR = Indonesian rupiah |
| ILS = Israeli shekels |
| INR = Indian rupees |
| JPY = Japanese yen |

---

---

| |
|:---|
| KRW = South Korean won |
| MXN = Mexican pesos |
| MYR = Malaysian ringgits |
| NIBOR = Norwegian Interbank Offered Rate |
| NOK = Norwegian kroner |
| NZD = New Zealand dollars |
| OIS = Overnight Index Swap |
| PIK = Payment In Kind |
| PLN = Polish zloty |
| Ref. = Refunding |
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| RON = Romanian leu |
| SEK = Swedish kronor |
| SGD = Singapore dollars |
| SOFR = Secured Overnight Financing Rate |
| SONIA = Sterling Overnight Interbank Average Rate |
| SONIO/N = Sonio O/N Deposit Rates Swap |
| TBA = To be announced |
| THB = Thai baht |
| TRY = Turkish lira |
| USD = U.S. dollars |
| UST = U.S. Treasury |
| ZAR = South African rand |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **157** | American Funds Insurance Series |

---

------

The Bond Fund of America

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 95.01% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations 32.02%** | **Mortgage-backed obligations 32.02%** | **Mortgage-backed obligations 32.02%** |
| **Federal agency mortgage-backed obligations 25.58%** |  |  |
| Fannie Mae Pool #AR3058 3.00% 1/1/2028 <sup>(a)</sup>  | USD17 | $17 |
| Fannie Mae Pool #AS8018 3.00% 9/1/2031 <sup>(a)</sup>  | 22 | 22 |
| Fannie Mae Pool #BM4741 3.00% 4/1/2032 <sup>(a)</sup>  | 9 | 9 |
| Fannie Mae Pool #FM2499 2.50% 2/1/2035 <sup>(a)</sup>  | 1896 | 1813 |
| Fannie Mae Pool #CB2248 2.50% 11/1/2036 <sup>(a)</sup>  | 93 | 88 |
| Fannie Mae Pool #913966 6.00% 2/1/2037 <sup>(a)</sup>  | 29 | 31 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(a)</sup>  | 1645 | 1557 |
| Fannie Mae Pool #MA4665 2.50% 7/1/2037 <sup>(a)</sup>  | 677 | 640 |
| Fannie Mae Pool #945680 6.00% 9/1/2037 <sup>(a)</sup>  | 316 | 334 |
| Fannie Mae Pool #924866 6.015% 10/1/2037 <sup>(a)(b)</sup>  | 125 | 127 |
| Fannie Mae Pool #988588 5.50% 8/1/2038 <sup>(a)</sup>  | 140 | 146 |
| Fannie Mae Pool #889982 5.50% 11/1/2038 <sup>(a)</sup>  | 594 | 620 |
| Fannie Mae Pool #AB1297 5.00% 8/1/2040 <sup>(a)</sup>  | 134 | 138 |
| Fannie Mae Pool #AH8144 5.00% 4/1/2041 <sup>(a)</sup>  | 671 | 686 |
| Fannie Mae Pool #AH9479 5.00% 4/1/2041 <sup>(a)</sup>  | 666 | 685 |
| Fannie Mae Pool #FM7365 2.00% 5/1/2041 <sup>(a)</sup>  | 102235 | 89225 |
| Fannie Mae Pool #AI1862 5.00% 5/1/2041 <sup>(a)</sup>  | 639 | 658 |
| Fannie Mae Pool #AI3510 5.00% 6/1/2041 <sup>(a)</sup>  | 322 | 331 |
| Fannie Mae Pool #AJ0704 5.00% 9/1/2041 <sup>(a)</sup>  | 292 | 300 |
| Fannie Mae Pool #AJ5391 5.00% 11/1/2041 <sup>(a)</sup>  | 161 | 166 |
| Fannie Mae Pool #AZ3904 4.00% 5/1/2045 <sup>(a)</sup>  | 38 | 37 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(a)</sup>  | 1540 | 1462 |
| Fannie Mae Pool #MA5786 7.00% 7/1/2045 <sup>(a)</sup>  | 231 | 243 |
| Fannie Mae Pool #AL8522 3.50% 5/1/2046 <sup>(a)</sup>  | 667 | 633 |
| Fannie Mae Pool #BD1968 4.00% 7/1/2046 <sup>(a)</sup>  | 727 | 703 |
| Fannie Mae Pool #BD5477 4.00% 7/1/2046 <sup>(a)</sup>  | 115 | 111 |
| Fannie Mae Pool #BM5148 4.00% 10/1/2046 <sup>(a)</sup>  | 4084 | 3963 |
| Fannie Mae Pool #BE0592 4.00% 11/1/2046 <sup>(a)</sup>  | 289 | 276 |
| Fannie Mae Pool #BE8885 4.00% 3/1/2047 <sup>(a)</sup>  | 702 | 681 |
| Fannie Mae Pool #MA3058 4.00% 7/1/2047 <sup>(a)</sup>  | 31 | 30 |
| Fannie Mae Pool #CA0770 3.50% 11/1/2047 <sup>(a)</sup>  | 3647 | 3424 |
| Fannie Mae Pool #BJ1515 4.00% 11/1/2047 <sup>(a)</sup>  | 1721 | 1668 |
| Fannie Mae Pool #CA0706 4.00% 11/1/2047 <sup>(a)</sup>  | 64 | 62 |
| Fannie Mae Pool #BM4413 4.50% 12/1/2047 <sup>(a)</sup>  | 1995 | 1983 |
| Fannie Mae Pool #CA1189 3.50% 2/1/2048 <sup>(a)</sup>  | 1043 | 979 |
| Fannie Mae Pool #BJ5749 4.00% 5/1/2048 <sup>(a)</sup>  | 14 | 13 |
| Fannie Mae Pool #BF0293 3.00% 7/1/2048 <sup>(a)</sup>  | 5216 | 4728 |
| Fannie Mae Pool #BF0318 3.50% 8/1/2048 <sup>(a)</sup>  | 3839 | 3614 |
| Fannie Mae Pool #BM5349 4.00% 9/1/2048 <sup>(a)</sup>  | 16627 | 16110 |
| Fannie Mae Pool #FM4891 3.50% 10/1/2048 <sup>(a)</sup>  | 15508 | 14679 |
| Fannie Mae Pool #BM4676 4.00% 10/1/2048 <sup>(a)</sup>  | 9 | 9 |
| Fannie Mae Pool #FM3280 3.50% 5/1/2049 <sup>(a)</sup>  | 399 | 379 |
| Fannie Mae Pool #CA3807 3.00% 7/1/2049 <sup>(a)</sup>  | 1046 | 951 |
| Fannie Mae Pool #CA3806 3.00% 7/1/2049 <sup>(a)</sup>  | 703 | 640 |
| Fannie Mae Pool #FS5372 3.50% 7/1/2049 <sup>(a)</sup>  | 2075 | 1957 |
| Fannie Mae Pool #FM1262 4.00% 7/1/2049 <sup>(a)</sup>  | 16776 | 16198 |
| Fannie Mae Pool #FM0007 3.50% 9/1/2049 <sup>(a)</sup>  | 11941 | 11207 |
| Fannie Mae Pool #FM1589 3.50% 9/1/2049 <sup>(a)</sup>  | 3203 | 2996 |
| Fannie Mae Pool #FM1954 3.50% 11/1/2049 <sup>(a)</sup>  | 5177 | 4840 |
| Fannie Mae Pool #FS5313 3.50% 1/1/2050 <sup>(a)</sup>  | 23734 | 22304 |
| Fannie Mae Pool #CA5504 2.50% 4/1/2050 <sup>(a)</sup>  | 11 | 9 |
| Fannie Mae Pool #CA5659 2.50% 5/1/2050 <sup>(a)</sup>  | 249 | 212 |
| Fannie Mae Pool #CA5968 2.50% 6/1/2050 <sup>(a)</sup>  | 4712 | 4072 |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(a)</sup>  | 520 | 441 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(a)</sup>  | 40 | 33 |
| Fannie Mae Pool #FM5507 3.00% 7/1/2050 <sup>(a)</sup>  | 14584 | 13192 |
| Fannie Mae Pool #CA6309 3.00% 7/1/2050 <sup>(a)</sup>  | 4986 | 4532 |
| Fannie Mae Pool #CA6349 3.00% 7/1/2050 <sup>(a)</sup>  | 1623 | 1441 |
| Fannie Mae Pool #CA6727 2.50% 8/1/2050 <sup>(a)</sup>  | 4629 | 3931 |
| Fannie Mae Pool #CA6918 2.50% 8/1/2050 <sup>(a)</sup>  | 926 | 785 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **158** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FP0058 2.50% 8/1/2050 <sup>(a)</sup>  | USD595 | $505 |
| Fannie Mae Pool #CA6740 3.00% 8/1/2050 <sup>(a)</sup>  | 927 | 824 |
| Fannie Mae Pool #BQ1226 2.00% 9/1/2050 <sup>(a)</sup>  | 1561 | 1277 |
| Fannie Mae Pool #BP6715 2.00% 9/1/2050 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #CA7040 2.50% 9/1/2050 <sup>(a)</sup>  | 16492 | 13964 |
| Fannie Mae Pool #FM4256 2.50% 9/1/2050 <sup>(a)</sup>  | 2472 | 2140 |
| Fannie Mae Pool #CA7028 2.50% 9/1/2050 <sup>(a)</sup>  | 854 | 739 |
| Fannie Mae Pool #FM7195 2.50% 9/1/2050 <sup>(a)</sup>  | 405 | 343 |
| Fannie Mae Pool #BQ2400 2.50% 9/1/2050 <sup>(a)</sup>  | 56 | 48 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(a)</sup>  | 289 | 258 |
| Fannie Mae Pool #CA7529 2.50% 10/1/2050 <sup>(a)</sup>  | 872 | 738 |
| Fannie Mae Pool #CA7257 2.50% 10/1/2050 <sup>(a)</sup>  | 241 | 209 |
| Fannie Mae Pool #FM4684 2.50% 10/1/2050 <sup>(a)</sup>  | 185 | 158 |
| Fannie Mae Pool #FP0034 2.50% 10/1/2050 <sup>(a)</sup>  | 174 | 148 |
| Fannie Mae Pool #CA7381 3.00% 10/1/2050 <sup>(a)</sup>  | 1369 | 1216 |
| Fannie Mae Pool #FM4870 2.00% 11/1/2050 <sup>(a)</sup>  | 1748 | 1418 |
| Fannie Mae Pool #CA7599 2.50% 11/1/2050 <sup>(a)</sup>  | 5795 | 5023 |
| Fannie Mae Pool #FM5309 2.50% 11/1/2050 <sup>(a)</sup>  | 1078 | 916 |
| Fannie Mae Pool #BQ7564 2.50% 11/1/2050 <sup>(a)</sup>  | 650 | 551 |
| Fannie Mae Pool #CA7743 2.50% 11/1/2050 <sup>(a)</sup>  | 24 | 21 |
| Fannie Mae Pool #FM4897 3.00% 11/1/2050 <sup>(a)</sup>  | 14135 | 12789 |
| Fannie Mae Pool #MA4208 2.00% 12/1/2050 <sup>(a)</sup>  | 1008 | 823 |
| Fannie Mae Pool #CA8025 2.50% 12/1/2050 <sup>(a)</sup>  | 925 | 786 |
| Fannie Mae Pool #FM5166 3.00% 12/1/2050 <sup>(a)</sup>  | 979 | 870 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(a)</sup>  | 6320 | 5161 |
| Fannie Mae Pool #BR4104 2.00% 1/1/2051 <sup>(a)</sup>  | 4745 | 3878 |
| Fannie Mae Pool #CA8587 2.00% 1/1/2051 <sup>(a)</sup>  | 40 | 33 |
| Fannie Mae Pool #FM6113 2.50% 1/1/2051 <sup>(a)</sup>  | 20212 | 17285 |
| Fannie Mae Pool #FS5929 2.50% 1/1/2051 <sup>(a)</sup>  | 1512 | 1282 |
| Fannie Mae Pool #FS3550 2.50% 1/1/2051 <sup>(a)</sup>  | 886 | 751 |
| Fannie Mae Pool #FM6293 3.00% 1/1/2051 <sup>(a)</sup>  | 62 | 55 |
| Fannie Mae Pool #BR3283 2.00% 2/1/2051 <sup>(a)</sup>  | 3228 | 2613 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(a)</sup>  | 693 | 561 |
| Fannie Mae Pool #BR2666 2.00% 2/1/2051 <sup>(a)</sup>  | 364 | 300 |
| Fannie Mae Pool #CA8828 2.50% 2/1/2051 <sup>(a)</sup>  | 4808 | 4141 |
| Fannie Mae Pool #CA9289 2.50% 2/1/2051 <sup>(a)</sup>  | 3395 | 2880 |
| Fannie Mae Pool #FM6556 2.00% 3/1/2051 <sup>(a)</sup>  | 342 | 277 |
| Fannie Mae Pool #FM6764 2.50% 3/1/2051 <sup>(a)</sup>  | 7274 | 6157 |
| Fannie Mae Pool #CA9390 2.50% 3/1/2051 <sup>(a)</sup>  | 1651 | 1398 |
| Fannie Mae Pool #BQ7729 2.50% 3/1/2051 <sup>(a)</sup>  | 938 | 794 |
| Fannie Mae Pool #BR3771 2.00% 4/1/2051 <sup>(a)</sup>  | 8416 | 6815 |
| Fannie Mae Pool #BR7191 2.00% 4/1/2051 <sup>(a)</sup>  | 1803 | 1460 |
| Fannie Mae Pool #BR7719 2.00% 4/1/2051 <sup>(a)</sup>  | 563 | 456 |
| Fannie Mae Pool #MA4305 2.00% 4/1/2051 <sup>(a)</sup>  | 27 | 22 |
| Fannie Mae Pool #BN9135 2.50% 4/1/2051 <sup>(a)</sup>  | 4788 | 4053 |
| Fannie Mae Pool #FM6871 2.50% 4/1/2051 <sup>(a)</sup>  | 4506 | 3814 |
| Fannie Mae Pool #MA4306 2.50% 4/1/2051 <sup>(a)</sup>  | 2365 | 2020 |
| Fannie Mae Pool #CB0006 2.50% 4/1/2051 <sup>(a)</sup>  | 415 | 353 |
| Fannie Mae Pool #FM6965 2.50% 4/1/2051 <sup>(a)</sup>  | 313 | 265 |
| Fannie Mae Pool #FS0030 2.50% 4/1/2051 <sup>(a)</sup>  | 168 | 142 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(a)</sup>  | 2923 | 2610 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(a)</sup>  | 354 | 317 |
| Fannie Mae Pool #BT0519 2.00% 5/1/2051 <sup>(a)</sup>  | 10452 | 8460 |
| Fannie Mae Pool #FM7411 2.00% 5/1/2051 <sup>(a)</sup>  | 1714 | 1387 |
| Fannie Mae Pool #BR1035 2.00% 5/1/2051 <sup>(a)</sup>  | 16 | 13 |
| Fannie Mae Pool #FM7325 2.50% 5/1/2051 <sup>(a)</sup>  | 1856 | 1578 |
| Fannie Mae Pool #CB0396 2.50% 5/1/2051 <sup>(a)</sup>  | 1744 | 1476 |
| Fannie Mae Pool #FM7408 2.50% 5/1/2051 <sup>(a)</sup>  | 573 | 485 |
| Fannie Mae Pool #BR0999 2.50% 5/1/2051 <sup>(a)</sup>  | 464 | 393 |
| Fannie Mae Pool #FM7409 2.50% 5/1/2051 <sup>(a)</sup>  | 157 | 133 |

---

---

| | |
|:---|:---|
| **159** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FM7222 2.50% 5/1/2051 <sup>(a)</sup>  | USD32 | $27 |
| Fannie Mae Pool #FM7304 2.50% 5/1/2051 <sup>(a)</sup>  | 26 | 22 |
| Fannie Mae Pool #BT0136 2.00% 6/1/2051 <sup>(a)</sup>  | 1826 | 1478 |
| Fannie Mae Pool #FM7803 2.00% 6/1/2051 <sup>(a)</sup>  | 480 | 397 |
| Fannie Mae Pool #FM7740 2.50% 6/1/2051 <sup>(a)</sup>  | 1359 | 1150 |
| Fannie Mae Pool #CB0844 2.50% 6/1/2051 <sup>(a)</sup>  | 756 | 640 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(a)</sup>  | 265 | 237 |
| Fannie Mae Pool #FM7510 3.00% 6/1/2051 <sup>(a)</sup>  | 188 | 168 |
| Fannie Mae Pool #MA4378 2.00% 7/1/2051 <sup>(a)</sup>  | 74 | 61 |
| Fannie Mae Pool #CB0988 2.50% 7/1/2051 <sup>(a)</sup>  | 8398 | 7214 |
| Fannie Mae Pool #BT0849 2.50% 7/1/2051 <sup>(a)</sup>  | 4659 | 3954 |
| Fannie Mae Pool #FM9530 2.50% 7/1/2051 <sup>(a)</sup>  | 4300 | 3640 |
| Fannie Mae Pool #CB1134 2.50% 7/1/2051 <sup>(a)</sup>  | 2294 | 1942 |
| Fannie Mae Pool #FM8315 2.50% 7/1/2051 <sup>(a)</sup>  | 950 | 808 |
| Fannie Mae Pool #BT1288 2.50% 7/1/2051 <sup>(a)</sup>  | 545 | 462 |
| Fannie Mae Pool #FM7900 2.50% 7/1/2051 <sup>(a)</sup>  | 408 | 353 |
| Fannie Mae Pool #CB1066 2.50% 7/1/2051 <sup>(a)</sup>  | 204 | 174 |
| Fannie Mae Pool #CB0998 3.00% 7/1/2051 <sup>(a)</sup>  | 1940 | 1718 |
| Fannie Mae Pool #CB1394 2.50% 8/1/2051 <sup>(a)</sup>  | 764 | 647 |
| Fannie Mae Pool #FM8442 2.50% 8/1/2051 <sup>(a)</sup>  | 191 | 162 |
| Fannie Mae Pool #CB1304 3.00% 8/1/2051 <sup>(a)</sup>  | 1275 | 1129 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(a)</sup>  | 3030 | 2565 |
| Fannie Mae Pool #FM8761 2.50% 9/1/2051 <sup>(a)</sup>  | 1894 | 1607 |
| Fannie Mae Pool #FM8658 2.50% 9/1/2051 <sup>(a)</sup>  | 1343 | 1139 |
| Fannie Mae Pool #CB1527 2.50% 9/1/2051 <sup>(a)</sup>  | 991 | 849 |
| Fannie Mae Pool #CB1552 2.50% 9/1/2051 <sup>(a)</sup>  | 467 | 398 |
| Fannie Mae Pool #FS4711 2.50% 9/1/2051 <sup>(a)</sup>  | 423 | 358 |
| Fannie Mae Pool #BQ7428 2.50% 9/1/2051 <sup>(a)</sup>  | 297 | 253 |
| Fannie Mae Pool #BT7263 2.50% 9/1/2051 <sup>(a)</sup>  | 289 | 245 |
| Fannie Mae Pool #FM8692 2.50% 9/1/2051 <sup>(a)</sup>  | 54 | 46 |
| Fannie Mae Pool #CB1868 2.50% 10/1/2051 <sup>(a)</sup>  | 1890 | 1600 |
| Fannie Mae Pool #FS5125 2.50% 10/1/2051 <sup>(a)</sup>  | 309 | 261 |
| Fannie Mae Pool #BT9147 2.50% 10/1/2051 <sup>(a)</sup>  | 21 | 18 |
| Fannie Mae Pool #FS4628 3.00% 10/1/2051 <sup>(a)</sup>  | 2949 | 2633 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(a)</sup>  | 4282 | 3479 |
| Fannie Mae Pool #FS0965 2.00% 11/1/2051 <sup>(a)</sup>  | 125 | 102 |
| Fannie Mae Pool #CB2092 2.50% 11/1/2051 <sup>(a)</sup>  | 1978 | 1674 |
| Fannie Mae Pool #CB2088 2.50% 11/1/2051 <sup>(a)</sup>  | 92 | 78 |
| Fannie Mae Pool #FM9810 3.00% 11/1/2051 <sup>(a)</sup>  | 843 | 751 |
| Fannie Mae Pool #MA4492 2.00% 12/1/2051 <sup>(a)</sup>  | 784 | 637 |
| Fannie Mae Pool #FS2824 2.50% 12/1/2051 <sup>(a)</sup>  | 31768 | 26892 |
| Fannie Mae Pool #FM9672 2.50% 12/1/2051 <sup>(a)</sup>  | 1865 | 1583 |
| Fannie Mae Pool #FM9693 2.50% 12/1/2051 <sup>(a)</sup>  | 1577 | 1335 |
| Fannie Mae Pool #CB2404 2.50% 12/1/2051 <sup>(a)</sup>  | 300 | 254 |
| Fannie Mae Pool #BT5284 3.00% 12/1/2051 <sup>(a)</sup>  | 27 | 24 |
| Fannie Mae Pool #CB2787 3.50% 12/1/2051 <sup>(a)</sup>  | 21 | 20 |
| Fannie Mae Pool #BQ7006 2.00% 1/1/2052 <sup>(a)</sup>  | 1799 | 1462 |
| Fannie Mae Pool #FS0235 2.50% 1/1/2052 <sup>(a)</sup>  | 5999 | 5078 |
| Fannie Mae Pool #CB2644 2.50% 1/1/2052 <sup>(a)</sup>  | 5816 | 4923 |
| Fannie Mae Pool #FS6479 2.50% 1/1/2052 <sup>(a)</sup>  | 4273 | 3623 |
| Fannie Mae Pool #FS0392 2.50% 1/1/2052 <sup>(a)</sup>  | 2043 | 1729 |
| Fannie Mae Pool #FS0174 2.50% 1/1/2052 <sup>(a)</sup>  | 1913 | 1622 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(a)</sup>  | 1695 | 1435 |
| Fannie Mae Pool #FS0370 2.50% 1/1/2052 <sup>(a)</sup>  | 1120 | 948 |
| Fannie Mae Pool #FS4203 2.50% 1/1/2052 <sup>(a)</sup>  | 1086 | 919 |
| Fannie Mae Pool #FS5613 2.50% 1/1/2052 <sup>(a)</sup>  | 329 | 279 |
| Fannie Mae Pool #BU3083 2.50% 1/1/2052 <sup>(a)</sup>  | 295 | 251 |
| Fannie Mae Pool #FS0454 3.00% 1/1/2052 <sup>(a)</sup>  | 897 | 803 |
| Fannie Mae Pool #BV0273 3.00% 1/1/2052 <sup>(a)</sup>  | 568 | 503 |
| Fannie Mae Pool #BU1410 3.00% 1/1/2052 <sup>(a)</sup>  | 540 | 479 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **160** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(a)</sup>  | USD14,514 | $11751 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(a)</sup>  | 2418 | 1962 |
| Fannie Mae Pool #BV3083 2.00% 2/1/2052 <sup>(a)</sup>  | 787 | 637 |
| Fannie Mae Pool #BT1967 2.50% 2/1/2052 <sup>(a)</sup>  | 1624 | 1383 |
| Fannie Mae Pool #CB3888 2.50% 2/1/2052 <sup>(a)</sup>  | 1367 | 1160 |
| Fannie Mae Pool #MA4548 2.50% 2/1/2052 <sup>(a)</sup>  | 849 | 723 |
| Fannie Mae Pool #FS1080 2.50% 2/1/2052 <sup>(a)</sup>  | 712 | 603 |
| Fannie Mae Pool #FS1885 2.50% 2/1/2052 <sup>(a)</sup>  | 490 | 416 |
| Fannie Mae Pool #FS2660 2.50% 2/1/2052 <sup>(a)</sup>  | 473 | 401 |
| Fannie Mae Pool #CB3099 2.50% 2/1/2052 <sup>(a)</sup>  | 253 | 215 |
| Fannie Mae Pool #BV2784 2.50% 2/1/2052 <sup>(a)</sup>  | 30 | 26 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(a)</sup>  | 31130 | 28182 |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(a)</sup>  | 1510 | 1222 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(a)</sup>  | 1214 | 985 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(a)</sup>  | 1039 | 842 |
| Fannie Mae Pool #BV4172 2.00% 3/1/2052 <sup>(a)</sup>  | 841 | 681 |
| Fannie Mae Pool #BV4133 2.50% 3/1/2052 <sup>(a)</sup>  | 2639 | 2238 |
| Fannie Mae Pool #CB3031 2.50% 3/1/2052 <sup>(a)</sup>  | 1681 | 1431 |
| Fannie Mae Pool #BV5800 2.50% 3/1/2052 <sup>(a)</sup>  | 1000 | 849 |
| Fannie Mae Pool #FS4433 2.50% 3/1/2052 <sup>(a)</sup>  | 627 | 535 |
| Fannie Mae Pool #BV4119 2.50% 3/1/2052 <sup>(a)</sup>  | 377 | 321 |
| Fannie Mae Pool #MA4563 2.50% 3/1/2052 <sup>(a)</sup>  | 34 | 29 |
| Fannie Mae Pool #BV4199 3.00% 3/1/2052 <sup>(a)</sup>  | 4985 | 4417 |
| Fannie Mae Pool #FS1374 3.00% 3/1/2052 <sup>(a)</sup>  | 973 | 862 |
| Fannie Mae Pool #CB3346 2.00% 4/1/2052 <sup>(a)</sup>  | 5431 | 4396 |
| Fannie Mae Pool #FS1598 2.00% 4/1/2052 <sup>(a)</sup>  | 1603 | 1300 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(a)</sup>  | 724 | 587 |
| Fannie Mae Pool #CB3354 2.50% 4/1/2052 <sup>(a)</sup>  | 30865 | 26126 |
| Fannie Mae Pool #BV4656 2.50% 4/1/2052 <sup>(a)</sup>  | 1508 | 1282 |
| Fannie Mae Pool #BV8126 2.50% 4/1/2052 <sup>(a)</sup>  | 161 | 137 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(a)</sup>  | 1361 | 1301 |
| Fannie Mae Pool #FS1655 4.00% 4/1/2052 <sup>(a)</sup>  | 251 | 240 |
| Fannie Mae Pool #FS9189 2.00% 5/1/2052 <sup>(a)</sup>  | 3598 | 2923 |
| Fannie Mae Pool #FS8650 2.50% 5/1/2052 <sup>(a)</sup>  | 20039 | 17013 |
| Fannie Mae Pool #BV9644 2.50% 5/1/2052 <sup>(a)</sup>  | 2089 | 1778 |
| Fannie Mae Pool #FS5033 2.50% 5/1/2052 <sup>(a)</sup>  | 1000 | 851 |
| Fannie Mae Pool #MA4598 2.50% 5/1/2052 <sup>(a)</sup>  | 931 | 792 |
| Fannie Mae Pool #FS7060 3.00% 5/1/2052 <sup>(a)</sup>  | 6239 | 5526 |
| Fannie Mae Pool #CB3780 3.50% 5/1/2052 <sup>(a)</sup>  | 1992 | 1847 |
| Fannie Mae Pool #FS5035 2.50% 6/1/2052 <sup>(a)</sup>  | 1366 | 1157 |
| Fannie Mae Pool #FS7953 2.50% 6/1/2052 <sup>(a)</sup>  | 941 | 798 |
| Fannie Mae Pool #MA4623 2.50% 6/1/2052 <sup>(a)</sup>  | 144 | 123 |
| Fannie Mae Pool #FS7062 3.00% 6/1/2052 <sup>(a)</sup>  | 128 | 113 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(a)</sup>  | 2816 | 2689 |
| Fannie Mae Pool #BW1931 5.00% 6/1/2052 <sup>(a)</sup>  | 3048 | 3051 |
| Fannie Mae Pool #BT8262 5.00% 6/1/2052 <sup>(a)</sup>  | 1360 | 1364 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(a)</sup>  | 11030 | 9354 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(a)</sup>  | 2866 | 2426 |
| Fannie Mae Pool #FS6631 2.50% 7/1/2052 <sup>(a)</sup>  | 713 | 606 |
| Fannie Mae Pool #FS7057 2.50% 7/1/2052 <sup>(a)</sup>  | 486 | 412 |
| Fannie Mae Pool #CB4274 2.50% 7/1/2052 <sup>(a)</sup>  | 416 | 354 |
| Fannie Mae Pool #FS5493 2.50% 7/1/2052 <sup>(a)</sup>  | 131 | 112 |
| Fannie Mae Pool #CB4370 3.50% 7/1/2052 <sup>(a)</sup>  | 133 | 123 |
| Fannie Mae Pool #BW0959 5.00% 7/1/2052 <sup>(a)</sup>  | 2763 | 2770 |
| Fannie Mae Pool #FA2841 3.00% 8/1/2052 <sup>(a)</sup>  | 4079 | 3613 |
| Fannie Mae Pool #FS3955 3.50% 8/1/2052 <sup>(a)</sup>  | 988 | 917 |
| Fannie Mae Pool #BV8976 5.00% 8/1/2052 <sup>(a)</sup>  | 521 | 527 |
| Fannie Mae Pool #FS2805 2.50% 9/1/2052 <sup>(a)</sup>  | 436 | 371 |
| Fannie Mae Pool #FA1404 3.00% 9/1/2052 <sup>(a)</sup>  | 97 | 86 |
| Fannie Mae Pool #BW1192 4.50% 9/1/2052 <sup>(a)</sup>  | 246 | 243 |

---

---

| | |
|:---|:---|
| **161** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BW8497 4.50% 9/1/2052 <sup>(a)</sup>  | USD57 | $56 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(a)</sup>  | 8089 | 8150 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(a)</sup>  | 8787 | 7137 |
| Fannie Mae Pool #CB4852 4.50% 10/1/2052 <sup>(a)</sup>  | 9197 | 9018 |
| Fannie Mae Pool #BX0097 4.50% 10/1/2052 <sup>(a)</sup>  | 2496 | 2452 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(a)</sup>  | 2325 | 2333 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(a)</sup>  | 2676 | 2726 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(a)</sup>  | 2446 | 2492 |
| Fannie Mae Pool #MA4820 6.50% 10/1/2052 <sup>(a)</sup>  | 203 | 212 |
| Fannie Mae Pool #BX1132 4.50% 11/1/2052 <sup>(a)</sup>  | 747 | 732 |
| Fannie Mae Pool #BX5673 5.00% 12/1/2052 <sup>(a)</sup>  | 132 | 132 |
| Fannie Mae Pool #CB5778 6.00% 12/1/2052 <sup>(a)</sup>  | 31 | 32 |
| Fannie Mae Pool #MA4932 3.00% 1/1/2053 <sup>(a)</sup>  | 571 | 506 |
| Fannie Mae Pool #BX5927 4.00% 1/1/2053 <sup>(a)</sup>  | 269 | 257 |
| Fannie Mae Pool #FS6769 5.00% 1/1/2053 <sup>(a)</sup>  | 19964 | 20043 |
| Fannie Mae Pool #FS4435 2.50% 2/1/2053 <sup>(a)</sup>  | 666 | 566 |
| Fannie Mae Pool #MA4916 4.00% 2/1/2053 <sup>(a)</sup>  | 4448 | 4245 |
| Fannie Mae Pool #MA4918 5.00% 2/1/2053 <sup>(a)</sup>  | 562 | 563 |
| Fannie Mae Pool #BW5268 4.00% 3/1/2053 <sup>(a)</sup>  | 292 | 279 |
| Fannie Mae Pool #CB5986 5.00% 3/1/2053 <sup>(a)</sup>  | 146 | 146 |
| Fannie Mae Pool #BX7779 5.50% 3/1/2053 <sup>(a)</sup>  | 3619 | 3693 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(a)</sup>  | 391 | 399 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(a)</sup>  | 771 | 800 |
| Fannie Mae Pool #BY0255 2.50% 4/1/2053 <sup>(a)</sup>  | 415 | 352 |
| Fannie Mae Pool #MA4993 4.00% 4/1/2053 <sup>(a)</sup>  | 4195 | 3985 |
| Fannie Mae Pool #MA4977 4.50% 4/1/2053 <sup>(a)</sup>  | 630 | 616 |
| Fannie Mae Pool #MA4978 5.00% 4/1/2053 <sup>(a)</sup>  | 14804 | 14830 |
| Fannie Mae Pool #BX9041 5.00% 4/1/2053 <sup>(a)</sup>  | 79 | 79 |
| Fannie Mae Pool #BY0130 5.50% 4/1/2053 <sup>(a)</sup>  | 900 | 917 |
| Fannie Mae Pool #CB6033 6.00% 4/1/2053 <sup>(a)</sup>  | 16585 | 17191 |
| Fannie Mae Pool #MA5027 4.00% 5/1/2053 <sup>(a)</sup>  | 4543 | 4332 |
| Fannie Mae Pool #CB6985 4.00% 5/1/2053 <sup>(a)</sup>  | 398 | 380 |
| Fannie Mae Pool #CB6297 4.00% 5/1/2053 <sup>(a)</sup>  | 29 | 28 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(a)</sup>  | 2798 | 2811 |
| Fannie Mae Pool #MA5009 5.00% 5/1/2053 <sup>(a)</sup>  | 2618 | 2626 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(a)</sup>  | 5432 | 5531 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(a)</sup>  | 6260 | 6463 |
| Fannie Mae Pool #BW9618 3.00% 6/1/2053 <sup>(a)</sup>  | 602 | 534 |
| Fannie Mae Pool #CB6471 4.50% 6/1/2053 <sup>(a)</sup>  | 2798 | 2740 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(a)</sup>  | 5834 | 5938 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(a)</sup>  | 4483 | 4552 |
| Fannie Mae Pool #BY3612 5.50% 6/1/2053 <sup>(a)</sup>  | 307 | 313 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(a)</sup>  | 3478 | 3580 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(a)</sup>  | 2196 | 2263 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(a)</sup>  | 1608 | 1666 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(a)</sup>  | 5869 | 4759 |
| Fannie Mae Pool #FS9167 2.50% 7/1/2053 <sup>(a)</sup>  | 3516 | 2981 |
| Fannie Mae Pool #FS6037 2.50% 7/1/2053 <sup>(a)</sup>  | 147 | 125 |
| Fannie Mae Pool #CB6626 4.00% 7/1/2053 <sup>(a)</sup>  | 74 | 70 |
| Fannie Mae Pool #MA5070 4.50% 7/1/2053 <sup>(a)</sup>  | 19056 | 18668 |
| Fannie Mae Pool #BY4459 5.00% 7/1/2053 <sup>(a)</sup>  | 573 | 575 |
| Fannie Mae Pool #BU4112 5.00% 7/1/2053 <sup>(a)</sup>  | 93 | 93 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(a)</sup>  | 3147 | 3203 |
| Fannie Mae Pool #CB6768 6.50% 7/1/2053 <sup>(a)</sup>  | 6667 | 6985 |
| Fannie Mae Pool #MA5107 5.50% 8/1/2053 <sup>(a)</sup>  | 16853 | 17147 |
| Fannie Mae Pool #FS6666 5.50% 8/1/2053 <sup>(a)</sup>  | 11483 | 11698 |
| Fannie Mae Pool #CB7108 5.50% 9/1/2053 <sup>(a)</sup>  | 5803 | 5912 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(a)</sup>  | 499 | 509 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(a)</sup>  | 4344 | 4471 |
| Fannie Mae Pool #FS5749 6.50% 9/1/2053 <sup>(a)</sup>  | 12932 | 13443 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **162** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #MA5177 4.00% 10/1/2053 <sup>(a)</sup>  | USD7,282 | $6932 |
| Fannie Mae Pool #CB7332 5.50% 10/1/2053 <sup>(a)</sup>  | 11429 | 11637 |
| Fannie Mae Pool #CB7331 5.50% 10/1/2053 <sup>(a)</sup>  | 6228 | 6344 |
| Fannie Mae Pool #DA1557 6.00% 10/1/2053 <sup>(a)</sup>  | 122 | 126 |
| Fannie Mae Pool #BY1399 3.50% 11/1/2053 <sup>(a)</sup>  | 996 | 924 |
| Fannie Mae Pool #FS7252 5.00% 11/1/2053 <sup>(a)</sup>  | 59822 | 59898 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(a)</sup>  | 1777 | 1855 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(a)</sup>  | 26 | 27 |
| Fannie Mae Pool #FS6668 5.50% 12/1/2053 <sup>(a)</sup>  | 1830 | 1859 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(a)</sup>  | 692 | 728 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(a)</sup>  | 4556 | 4777 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(a)</sup>  | 1089 | 1134 |
| Fannie Mae Pool #FS9507 4.50% 2/1/2054 <sup>(a)</sup>  | 2852 | 2787 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(a)</sup>  | 2362 | 2399 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(a)</sup>  | 1652 | 1678 |
| Fannie Mae Pool #FS7031 6.00% 2/1/2054 <sup>(a)</sup>  | 6318 | 6548 |
| Fannie Mae Pool #DA7831 6.00% 2/1/2054 <sup>(a)</sup>  | 1519 | 1563 |
| Fannie Mae Pool #BY8083 4.00% 3/1/2054 <sup>(a)</sup>  | 24 | 23 |
| Fannie Mae Pool #FS9508 4.50% 3/1/2054 <sup>(a)</sup>  | 13809 | 13524 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(a)</sup>  | 17416 | 17717 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(a)</sup>  | 1474 | 1497 |
| Fannie Mae Pool #FS7507 6.00% 3/1/2054 <sup>(a)</sup>  | 4540 | 4705 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(a)</sup>  | 3068 | 3162 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(a)</sup>  | 1522 | 1564 |
| Fannie Mae Pool #FS7653 6.50% 3/1/2054 <sup>(a)</sup>  | 3733 | 3921 |
| Fannie Mae Pool #CB8328 5.50% 4/1/2054 <sup>(a)</sup>  | 4653 | 4755 |
| Fannie Mae Pool #DB1235 6.00% 4/1/2054 <sup>(a)</sup>  | 5114 | 5317 |
| Fannie Mae Pool #DB5160 5.50% 5/1/2054 <sup>(a)</sup>  | 508 | 517 |
| Fannie Mae Pool #MA5354 6.00% 5/1/2054 <sup>(a)</sup>  | 330 | 339 |
| Fannie Mae Pool #DB2495 6.00% 5/1/2054 <sup>(a)</sup>  | 180 | 185 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(a)</sup>  | 2472 | 2509 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(a)</sup>  | 1796 | 1836 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(a)</sup>  | 17336 | 18002 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(a)</sup>  | 1183 | 1220 |
| Fannie Mae Pool #DB5030 6.00% 6/1/2054 <sup>(a)</sup>  | 988 | 1017 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(a)</sup>  | 9692 | 10110 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(a)</sup>  | 1788 | 1858 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(a)</sup>  | 6662 | 6796 |
| Fannie Mae Pool #FS8467 5.50% 7/1/2054 <sup>(a)</sup>  | 1423 | 1454 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(a)</sup>  | 22751 | 23374 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(a)</sup>  | 4671 | 4862 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(a)</sup>  | 2409 | 2490 |
| Fannie Mae Pool #FS8591 6.00% 7/1/2054 <sup>(a)</sup>  | 2072 | 2152 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(a)</sup>  | 1995 | 2050 |
| Fannie Mae Pool #DB7685 6.00% 7/1/2054 <sup>(a)</sup>  | 1192 | 1228 |
| Fannie Mae Pool #BU4707 6.00% 7/1/2054 <sup>(a)</sup>  | 1011 | 1039 |
| Fannie Mae Pool #DB5214 6.00% 7/1/2054 <sup>(a)</sup>  | 476 | 489 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(a)</sup>  | 14751 | 15441 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(a)</sup>  | 4002 | 4177 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(a)</sup>  | 2375 | 2495 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(a)</sup>  | 132 | 135 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(a)</sup>  | 37577 | 38607 |
| Fannie Mae Pool #DC0299 6.00% 8/1/2054 <sup>(a)</sup>  | 1276 | 1312 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(a)</sup>  | 1163 | 1195 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(a)</sup>  | 805 | 828 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(a)</sup>  | 211 | 219 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(a)</sup>  | 98 | 101 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(a)</sup>  | 88 | 91 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(a)</sup>  | 2102 | 2201 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(a)</sup>  | 1776 | 1858 |

---

---

| | |
|:---|:---|
| **163** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(a)</sup>  | USD83 | $86 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(a)</sup>  | 3274 | 3323 |
| Fannie Mae Pool #FS9001 5.50% 9/1/2054 <sup>(a)</sup>  | 1600 | 1639 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(a)</sup>  | 1203 | 1229 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(a)</sup>  | 362 | 372 |
| Fannie Mae Pool #DC1547 6.00% 9/1/2054 <sup>(a)</sup>  | 212 | 218 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(a)</sup>  | 177 | 182 |
| Fannie Mae Pool #DC2270 6.00% 9/1/2054 <sup>(a)</sup>  | 82 | 85 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(a)</sup>  | 254 | 264 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(a)</sup>  | 765 | 786 |
| Fannie Mae Pool #MA5530 5.00% 11/1/2054 <sup>(a)</sup>  | 1794 | 1791 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(a)</sup>  | 4170 | 4231 |
| Fannie Mae Pool #MA5532 6.00% 11/1/2054 <sup>(a)</sup>  | 3008 | 3091 |
| Fannie Mae Pool #MA5550 4.00% 12/1/2054 <sup>(a)</sup>  | 9840 | 9342 |
| Fannie Mae Pool #DC7042 4.50% 12/1/2054 <sup>(a)</sup>  | 263 | 257 |
| Fannie Mae Pool #CB9770 4.50% 12/1/2054 <sup>(a)</sup>  | 89 | 87 |
| Fannie Mae Pool #CB9768 4.50% 12/1/2054 <sup>(a)</sup>  | 31 | 31 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(a)</sup>  | 137 | 137 |
| Fannie Mae Pool #CB9675 6.00% 12/1/2054 <sup>(a)</sup>  | 3685 | 3821 |
| Fannie Mae Pool #BU5233 6.00% 12/1/2054 <sup>(a)</sup>  | 1407 | 1451 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(a)</sup>  | 426 | 437 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(a)</sup>  | 320 | 329 |
| Fannie Mae Pool #BU5358 6.00% 12/1/2054 <sup>(a)</sup>  | 286 | 295 |
| Fannie Mae Pool #FP0130 6.50% 12/1/2054 <sup>(a)</sup>  | 726 | 754 |
| Fannie Mae Pool #MA5586 5.50% 1/1/2055 <sup>(a)</sup>  | 1747 | 1772 |
| Fannie Mae Pool #CB9821 6.00% 1/1/2055 <sup>(a)</sup>  | 1418 | 1464 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(a)</sup>  | 408 | 419 |
| Fannie Mae Pool #CB9840 6.50% 1/1/2055 <sup>(a)</sup>  | 1703 | 1774 |
| Fannie Mae Pool #CB9836 6.50% 1/1/2055 <sup>(a)</sup>  | 1201 | 1259 |
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(a)</sup>  | 2295 | 2242 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(a)</sup>  | 2689 | 2729 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(a)</sup>  | 11644 | 11962 |
| Fannie Mae Pool #MA5646 5.50% 3/1/2055 <sup>(a)</sup>  | 456 | 463 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(a)</sup>  | 4785 | 4916 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(a)</sup>  | 3293 | 3423 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(a)</sup>  | 638 | 664 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(a)</sup>  | 24751 | 26039 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(a)</sup>  | 7959 | 7557 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(a)</sup>  | 4581 | 4707 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(a)</sup>  | 273 | 281 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(a)</sup>  | 271 | 278 |
| Fannie Mae Pool #DD6277 7.00% 4/1/2055 <sup>(a)</sup>  | 1000 | 1057 |
| Fannie Mae Pool #MA5697 4.00% 5/1/2055 <sup>(a)</sup>  | 1744 | 1656 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(a)</sup>  | 271 | 271 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(a)</sup>  | 4402 | 4523 |
| Fannie Mae Pool #DD8411 7.00% 5/1/2055 <sup>(a)</sup>  | 1000 | 1053 |
| Fannie Mae Pool #MA5735 5.50% 6/1/2055 <sup>(a)</sup>  | 9433 | 9573 |
| Fannie Mae Pool #DD7303 5.50% 6/1/2055 <sup>(a)</sup>  | 456 | 463 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(a)</sup>  | 9679 | 9946 |
| Fannie Mae Pool #DE2192 6.00% 7/1/2055 <sup>(a)</sup>  | 4428 | 4550 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(a)</sup>  | 1916 | 1993 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(a)</sup>  | 1720 | 1788 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(a)</sup>  | 5302 | 5379 |
| Fannie Mae Pool #CC0859 5.50% 8/1/2055 <sup>(a)</sup>  | 3902 | 3991 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(a)</sup>  | 2134 | 2221 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(a)</sup>  | 266 | 273 |
| Fannie Mae Pool #FA2203 7.00% 8/1/2055 <sup>(a)</sup>  | 7268 | 7648 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(a)</sup>  | 1778 | 1804 |
| Fannie Mae Pool #MA5850 4.00% 10/1/2055 <sup>(a)</sup>  | 3032 | 2878 |
| Fannie Mae Pool #DF4985 3.50% 11/1/2055 <sup>(a)</sup>  | 117 | 108 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **164** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #MA5907 4.00% 12/1/2055 <sup>(a)</sup>  | USD64 | $60 |
| Fannie Mae Pool #BF0145 3.50% 3/1/2057 <sup>(a)</sup>  | 9299 | 8557 |
| Fannie Mae Pool #BF0264 3.50% 5/1/2058 <sup>(a)</sup>  | 6890 | 6331 |
| Fannie Mae Pool #BF0332 3.00% 1/1/2059 <sup>(a)</sup>  | 14526 | 12733 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(a)</sup>  | 17453 | 15210 |
| Fannie Mae Pool #BF0585 4.50% 12/1/2061 <sup>(a)</sup>  | 955 | 934 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(a)</sup>  | 4507 | 4102 |
| Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/2041 <sup>(a)</sup>  | 3 | 3 |
| Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041 <sup>(a)</sup>  | 13 | 14 |
| Fannie Mae, Series 2002-W1, Class 2A, 4.346% 2/25/2042 <sup>(a)(b)</sup>  | 14 | 14 |
| Freddie Mac Pool #ZS8507 3.00% 11/1/2028 <sup>(a)</sup>  | 38 | 37 |
| Freddie Mac Pool #ZK7590 3.00% 1/1/2029 <sup>(a)</sup>  | 645 | 639 |
| Freddie Mac Pool #A15120 5.50% 10/1/2033 <sup>(a)</sup>  | 34 | 35 |
| Freddie Mac Pool #QN1073 3.00% 12/1/2034 <sup>(a)</sup>  | 29 | 28 |
| Freddie Mac Pool #SB0649 2.50% 4/1/2037 <sup>(a)</sup>  | 2359 | 2233 |
| Freddie Mac Pool #G05196 5.50% 10/1/2038 <sup>(a)</sup>  | 35 | 37 |
| Freddie Mac Pool #G05267 5.50% 12/1/2038 <sup>(a)</sup>  | 27 | 28 |
| Freddie Mac Pool #G06020 5.50% 12/1/2039 <sup>(a)</sup>  | 50 | 52 |
| Freddie Mac Pool #G05860 5.50% 2/1/2040 <sup>(a)</sup>  | 165 | 172 |
| Freddie Mac Pool #RB5071 2.00% 9/1/2040 <sup>(a)</sup>  | 1723 | 1512 |
| Freddie Mac Pool #A93948 4.50% 9/1/2040 <sup>(a)</sup>  | 123 | 124 |
| Freddie Mac Pool #SC0149 2.00% 3/1/2041 <sup>(a)</sup>  | 5103 | 4420 |
| Freddie Mac Pool #G06868 4.50% 4/1/2041 <sup>(a)</sup>  | 123 | 124 |
| Freddie Mac Pool #RB0544 2.00% 6/1/2041 <sup>(a)</sup>  | 8835 | 7709 |
| Freddie Mac Pool #G06841 5.50% 6/1/2041 <sup>(a)</sup>  | 284 | 296 |
| Freddie Mac Pool #Z40130 3.00% 1/1/2046 <sup>(a)</sup>  | 14578 | 13555 |
| Freddie Mac Pool #RA6996 2.50% 3/1/2047 <sup>(a)</sup>  | 53 | 46 |
| Freddie Mac Pool #ZT2100 3.00% 4/1/2047 <sup>(a)</sup>  | 86 | 77 |
| Freddie Mac Pool #SD0470 4.00% 11/1/2047 <sup>(a)</sup>  | 764 | 737 |
| Freddie Mac Pool #G08789 4.00% 11/1/2047 <sup>(a)</sup>  | 467 | 454 |
| Freddie Mac Pool #G61733 3.00% 12/1/2047 <sup>(a)</sup>  | 3819 | 3493 |
| Freddie Mac Pool #G67709 3.50% 3/1/2048 <sup>(a)</sup>  | 9857 | 9326 |
| Freddie Mac Pool #ZT2265 4.00% 8/1/2048 <sup>(a)</sup>  | 722 | 698 |
| Freddie Mac Pool #G61628 3.50% 9/1/2048 <sup>(a)</sup>  | 229 | 216 |
| Freddie Mac Pool #Q58494 4.00% 9/1/2048 <sup>(a)</sup>  | 927 | 898 |
| Freddie Mac Pool #ZN4842 3.50% 4/1/2049 <sup>(a)</sup>  | 489 | 459 |
| Freddie Mac Pool #RA1369 3.50% 9/1/2049 <sup>(a)</sup>  | 1487 | 1395 |
| Freddie Mac Pool #SD7508 3.50% 10/1/2049 <sup>(a)</sup>  | 7977 | 7515 |
| Freddie Mac Pool #QA4673 3.00% 11/1/2049 <sup>(a)</sup>  | 21733 | 19714 |
| Freddie Mac Pool #QB1368 2.50% 7/1/2050 <sup>(a)</sup>  | 4364 | 3777 |
| Freddie Mac Pool #RA3055 2.50% 7/1/2050 <sup>(a)</sup>  | 26 | 22 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(a)</sup>  | 281 | 251 |
| Freddie Mac Pool #RA3515 2.50% 9/1/2050 <sup>(a)</sup>  | 1774 | 1506 |
| Freddie Mac Pool #RA3528 2.50% 9/1/2050 <sup>(a)</sup>  | 62 | 52 |
| Freddie Mac Pool #RA3506 3.00% 9/1/2050 <sup>(a)</sup>  | 1677 | 1497 |
| Freddie Mac Pool #SD7525 2.50% 10/1/2050 <sup>(a)</sup>  | 5209 | 4516 |
| Freddie Mac Pool #QB4847 2.50% 10/1/2050 <sup>(a)</sup>  | 1176 | 997 |
| Freddie Mac Pool #QB5799 2.50% 11/1/2050 <sup>(a)</sup>  | 54 | 46 |
| Freddie Mac Pool #QB5838 2.50% 11/1/2050 <sup>(a)</sup>  | 24 | 20 |
| Freddie Mac Pool #RA4206 2.50% 12/1/2050 <sup>(a)</sup>  | 1866 | 1581 |
| Freddie Mac Pool #RA4242 2.50% 1/1/2051 <sup>(a)</sup>  | 929 | 794 |
| Freddie Mac Pool #QB7973 3.00% 1/1/2051 <sup>(a)</sup>  | 627 | 556 |
| Freddie Mac Pool #SD0776 2.00% 2/1/2051 <sup>(a)</sup>  | 1676 | 1360 |
| Freddie Mac Pool #QB8605 2.00% 2/1/2051 <sup>(a)</sup>  | 402 | 331 |
| Freddie Mac Pool #SD8128 2.00% 2/1/2051 <sup>(a)</sup>  | 95 | 77 |
| Freddie Mac Pool #SI2114 2.50% 2/1/2051 <sup>(a)</sup>  | 110 | 93 |
| Freddie Mac Pool #SD8134 2.00% 3/1/2051 <sup>(a)</sup>  | 60614 | 49440 |
| Freddie Mac Pool #SD0537 2.00% 3/1/2051 <sup>(a)</sup>  | 1716 | 1391 |
| Freddie Mac Pool #QB9901 2.50% 3/1/2051 <sup>(a)</sup>  | 2236 | 1893 |
| Freddie Mac Pool #SD0934 2.00% 4/1/2051 <sup>(a)</sup>  | 2150 | 1751 |

---

---

| | |
|:---|:---|
| **165** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #QC0416 2.50% 4/1/2051 <sup>(a)</sup>  | USD217 | $183 |
| Freddie Mac Pool #SI2108 2.50% 4/1/2051 <sup>(a)</sup>  | 156 | 132 |
| Freddie Mac Pool #QC2062 2.00% 5/1/2051 <sup>(a)</sup>  | 1783 | 1443 |
| Freddie Mac Pool #RA5204 2.00% 5/1/2051 <sup>(a)</sup>  | 1748 | 1415 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(a)</sup>  | 1566 | 1268 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(a)</sup>  | 1219 | 1000 |
| Freddie Mac Pool #RA5267 3.00% 5/1/2051 <sup>(a)</sup>  | 1050 | 937 |
| Freddie Mac Pool #QC3423 2.00% 6/1/2051 <sup>(a)</sup>  | 1882 | 1523 |
| Freddie Mac Pool #QC2817 2.50% 6/1/2051 <sup>(a)</sup>  | 2221 | 1918 |
| Freddie Mac Pool #QC3428 2.50% 6/1/2051 <sup>(a)</sup>  | 736 | 623 |
| Freddie Mac Pool #QC3532 2.50% 6/1/2051 <sup>(a)</sup>  | 65 | 56 |
| Freddie Mac Pool #SD1852 2.50% 6/1/2051 <sup>(a)</sup>  | 57 | 48 |
| Freddie Mac Pool #SD3095 2.50% 7/1/2051 <sup>(a)</sup>  | 1869 | 1583 |
| Freddie Mac Pool #SD0926 2.50% 7/1/2051 <sup>(a)</sup>  | 539 | 458 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(a)</sup>  | 5474 | 4938 |
| Freddie Mac Pool #SD8160 2.00% 8/1/2051 <sup>(a)</sup>  | 752 | 612 |
| Freddie Mac Pool #RA5836 2.50% 9/1/2051 <sup>(a)</sup>  | 9553 | 8201 |
| Freddie Mac Pool #SD2963 2.50% 9/1/2051 <sup>(a)</sup>  | 7375 | 6243 |
| Freddie Mac Pool #QC7739 2.50% 9/1/2051 <sup>(a)</sup>  | 2089 | 1768 |
| Freddie Mac Pool #SD5485 2.50% 9/1/2051 <sup>(a)</sup>  | 1784 | 1515 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(a)</sup>  | 869 | 736 |
| Freddie Mac Pool #RA5767 2.50% 9/1/2051 <sup>(a)</sup>  | 445 | 377 |
| Freddie Mac Pool #QC6761 2.50% 9/1/2051 <sup>(a)</sup>  | 49 | 42 |
| Freddie Mac Pool #RA5841 3.00% 9/1/2051 <sup>(a)</sup>  | 1824 | 1616 |
| Freddie Mac Pool #RA5901 3.00% 9/1/2051 <sup>(a)</sup>  | 966 | 863 |
| Freddie Mac Pool #SD1345 2.50% 10/1/2051 <sup>(a)</sup>  | 1848 | 1568 |
| Freddie Mac Pool #SD2880 3.00% 10/1/2051 <sup>(a)</sup>  | 6114 | 5458 |
| Freddie Mac Pool #SD0734 3.00% 10/1/2051 <sup>(a)</sup>  | 1727 | 1557 |
| Freddie Mac Pool #SD0740 3.50% 10/1/2051 <sup>(a)</sup>  | 1991 | 1854 |
| Freddie Mac Pool #QD1841 2.00% 11/1/2051 <sup>(a)</sup>  | 2230 | 1807 |
| Freddie Mac Pool #QC9944 2.50% 11/1/2051 <sup>(a)</sup>  | 2658 | 2250 |
| Freddie Mac Pool #SD1385 2.50% 11/1/2051 <sup>(a)</sup>  | 1316 | 1138 |
| Freddie Mac Pool #RA6411 2.50% 11/1/2051 <sup>(a)</sup>  | 101 | 85 |
| Freddie Mac Pool #RA6347 3.00% 11/1/2051 <sup>(a)</sup>  | 1081 | 966 |
| Freddie Mac Pool #QD0981 3.00% 11/1/2051 <sup>(a)</sup>  | 519 | 460 |
| Freddie Mac Pool #SL1735 2.00% 12/1/2051 <sup>(a)</sup>  | 1638 | 1329 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(a)</sup>  | 782 | 635 |
| Freddie Mac Pool #QD3619 2.50% 12/1/2051 <sup>(a)</sup>  | 5000 | 4242 |
| Freddie Mac Pool #RA6433 2.50% 12/1/2051 <sup>(a)</sup>  | 2487 | 2105 |
| Freddie Mac Pool #SD3729 2.50% 12/1/2051 <sup>(a)</sup>  | 1071 | 910 |
| Freddie Mac Pool #QD2659 2.50% 12/1/2051 <sup>(a)</sup>  | 1000 | 848 |
| Freddie Mac Pool #SD1605 2.50% 12/1/2051 <sup>(a)</sup>  | 625 | 529 |
| Freddie Mac Pool #QD3209 3.00% 12/1/2051 <sup>(a)</sup>  | 30 | 27 |
| Freddie Mac Pool #QD3310 3.00% 12/1/2051 <sup>(a)</sup>  | 18 | 16 |
| Freddie Mac Pool #SD2629 2.50% 1/1/2052 <sup>(a)</sup>  | 3958 | 3360 |
| Freddie Mac Pool #SD0855 2.50% 1/1/2052 <sup>(a)</sup>  | 2538 | 2162 |
| Freddie Mac Pool #QD4840 2.50% 1/1/2052 <sup>(a)</sup>  | 656 | 555 |
| Freddie Mac Pool #RA6634 2.50% 1/1/2052 <sup>(a)</sup>  | 481 | 409 |
| Freddie Mac Pool #QD5254 2.50% 1/1/2052 <sup>(a)</sup>  | 461 | 393 |
| Freddie Mac Pool #SD0854 2.50% 1/1/2052 <sup>(a)</sup>  | 9 | 7 |
| Freddie Mac Pool #SD0813 3.00% 1/1/2052 <sup>(a)</sup>  | 3749 | 3379 |
| Freddie Mac Pool #SD2269 3.00% 1/1/2052 <sup>(a)</sup>  | 620 | 550 |
| Freddie Mac Pool #RA6114 2.00% 2/1/2052 <sup>(a)</sup>  | 1583 | 1281 |
| Freddie Mac Pool #SD8193 2.00% 2/1/2052 <sup>(a)</sup>  | 800 | 650 |
| Freddie Mac Pool #QD7187 2.50% 2/1/2052 <sup>(a)</sup>  | 962 | 816 |
| Freddie Mac Pool #SD0847 2.50% 2/1/2052 <sup>(a)</sup>  | 681 | 577 |
| Freddie Mac Pool #SI2095 2.50% 2/1/2052 <sup>(a)</sup>  | 386 | 328 |
| Freddie Mac Pool #SD8194 2.50% 2/1/2052 <sup>(a)</sup>  | 221 | 188 |
| Freddie Mac Pool #QD7360 2.50% 2/1/2052 <sup>(a)</sup>  | 163 | 139 |
| Freddie Mac Pool #QD7312 2.50% 2/1/2052 <sup>(a)</sup>  | 59 | 50 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **166** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(a)</sup>  | USD590 | $549 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(a)</sup>  | 2211 | 1793 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(a)</sup>  | 1749 | 1419 |
| Freddie Mac Pool #QD8010 2.00% 3/1/2052 <sup>(a)</sup>  | 895 | 724 |
| Freddie Mac Pool #QD8103 2.00% 3/1/2052 <sup>(a)</sup>  | 823 | 666 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(a)</sup>  | 477 | 387 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(a)</sup>  | 166 | 134 |
| Freddie Mac Pool #SD3226 2.50% 3/1/2052 <sup>(a)</sup>  | 1000 | 848 |
| Freddie Mac Pool #SD8200 2.50% 3/1/2052 <sup>(a)</sup>  | 777 | 661 |
| Freddie Mac Pool #QE0888 2.50% 3/1/2052 <sup>(a)</sup>  | 719 | 612 |
| Freddie Mac Pool #QE0957 2.50% 3/1/2052 <sup>(a)</sup>  | 69 | 58 |
| Freddie Mac Pool #SD2494 3.50% 3/1/2052 <sup>(a)</sup>  | 985 | 914 |
| Freddie Mac Pool #QD8689 3.50% 3/1/2052 <sup>(a)</sup>  | 968 | 897 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(a)</sup>  | 1222 | 992 |
| Freddie Mac Pool #SD3478 2.50% 4/1/2052 <sup>(a)</sup>  | 1649 | 1396 |
| Freddie Mac Pool #QE0521 2.50% 4/1/2052 <sup>(a)</sup>  | 536 | 454 |
| Freddie Mac Pool #QE0292 2.50% 4/1/2052 <sup>(a)</sup>  | 249 | 212 |
| Freddie Mac Pool #QE1102 2.50% 4/1/2052 <sup>(a)</sup>  | 217 | 184 |
| Freddie Mac Pool #QE1585 2.50% 4/1/2052 <sup>(a)</sup>  | 189 | 160 |
| Freddie Mac Pool #QE0322 2.50% 4/1/2052 <sup>(a)</sup>  | 120 | 101 |
| Freddie Mac Pool #SD1658 2.50% 4/1/2052 <sup>(a)</sup>  | 116 | 99 |
| Freddie Mac Pool #QD9585 3.50% 4/1/2052 <sup>(a)</sup>  | 1386 | 1286 |
| Freddie Mac Pool #SD8212 2.50% 5/1/2052 <sup>(a)</sup>  | 1626 | 1383 |
| Freddie Mac Pool #RA7139 2.50% 5/1/2052 <sup>(a)</sup>  | 359 | 305 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(a)</sup>  | 40800 | 36239 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(a)</sup>  | 3495 | 3099 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(a)</sup>  | 46 | 41 |
| Freddie Mac Pool #RA7258 3.50% 6/1/2052 <sup>(a)</sup>  | 743 | 689 |
| Freddie Mac Pool #QE4084 6.50% 6/1/2052 <sup>(a)</sup>  | 96 | 101 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(a)</sup>  | 63490 | 53744 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(a)</sup>  | 8319 | 7055 |
| Freddie Mac Pool #SD4074 2.50% 7/1/2052 <sup>(a)</sup>  | 1927 | 1631 |
| Freddie Mac Pool #SD3416 2.50% 7/1/2052 <sup>(a)</sup>  | 856 | 724 |
| Freddie Mac Pool #SD3632 2.50% 7/1/2052 <sup>(a)</sup>  | 462 | 392 |
| Freddie Mac Pool #SD2600 2.50% 7/1/2052 <sup>(a)</sup>  | 184 | 156 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(a)</sup>  | 4157 | 3686 |
| Freddie Mac Pool #SL0643 3.00% 7/1/2052 <sup>(a)</sup>  | 825 | 732 |
| Freddie Mac Pool #QE8971 3.50% 7/1/2052 <sup>(a)</sup>  | 165 | 153 |
| Freddie Mac Pool #QE5698 5.00% 7/1/2052 <sup>(a)</sup>  | 1534 | 1538 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(a)</sup>  | 86 | 70 |
| Freddie Mac Pool #SD1408 2.50% 8/1/2052 <sup>(a)</sup>  | 185 | 158 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(a)</sup>  | 534 | 478 |
| Freddie Mac Pool #SD3324 3.50% 8/1/2052 <sup>(a)</sup>  | 382 | 354 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(a)</sup>  | 71 | 70 |
| Freddie Mac Pool #SD8242 3.00% 9/1/2052 <sup>(a)</sup>  | 3868 | 3430 |
| Freddie Mac Pool #SD6584 3.50% 9/1/2052 <sup>(a)</sup>  |  | — <br><sup>(c)</sup><br>|
| Freddie Mac Pool #QF0212 4.50% 9/1/2052 <sup>(a)</sup>  | 310 | 304 |
| Freddie Mac Pool #QF1205 4.50% 9/1/2052 <sup>(a)</sup>  | 283 | 277 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(a)</sup>  | 73 | 71 |
| Freddie Mac Pool #SD1608 4.50% 9/1/2052 <sup>(a)</sup>  | 46 | 45 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(a)</sup>  | 30 | 30 |
| Freddie Mac Pool #RA8059 5.50% 10/1/2052 <sup>(a)</sup>  | 5497 | 5618 |
| Freddie Mac Pool #SD1896 4.00% 11/1/2052 <sup>(a)</sup>  | 15322 | 14777 |
| Freddie Mac Pool #SD1894 4.00% 11/1/2052 <sup>(a)</sup>  | 5294 | 5128 |
| Freddie Mac Pool #SD8266 4.50% 11/1/2052 <sup>(a)</sup>  | 15567 | 15265 |
| Freddie Mac Pool #QF2692 5.00% 11/1/2052 <sup>(a)</sup>  | 3449 | 3457 |
| Freddie Mac Pool #QF2926 5.00% 11/1/2052 <sup>(a)</sup>  | 3079 | 3086 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(a)</sup>  | 1951 | 1987 |
| Freddie Mac Pool #QF2862 6.50% 11/1/2052 <sup>(a)</sup>  | 61 | 63 |
| Freddie Mac Pool #SD8280 6.50% 11/1/2052 <sup>(a)</sup>  | 37 | 39 |

---

---

| | |
|:---|:---|
| **167** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(a)</sup>  | USD1,005 | $891 |
| Freddie Mac Pool #SD2065 4.00% 12/1/2052 <sup>(a)</sup>  | 970 | 926 |
| Freddie Mac Pool #RA8200 4.00% 12/1/2052 <sup>(a)</sup>  | 509 | 485 |
| Freddie Mac Pool #RA8309 6.00% 12/1/2052 <sup>(a)</sup>  | 1035 | 1077 |
| Freddie Mac Pool #SD8287 4.50% 1/1/2053 <sup>(a)</sup>  | 14659 | 14371 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(a)</sup>  | 184 | 184 |
| Freddie Mac Pool #RA8423 6.00% 1/1/2053 <sup>(a)</sup>  | 2713 | 2812 |
| Freddie Mac Pool #SD8299 5.00% 2/1/2053 <sup>(a)</sup>  | 2093 | 2097 |
| Freddie Mac Pool #SD2462 5.50% 2/1/2053 <sup>(a)</sup>  | 35993 | 36698 |
| Freddie Mac Pool #RA8544 5.50% 2/1/2053 <sup>(a)</sup>  | 22138 | 22561 |
| Freddie Mac Pool #QF8083 6.00% 2/1/2053 <sup>(a)</sup>  | 12706 | 13106 |
| Freddie Mac Pool #QF9463 4.00% 3/1/2053 <sup>(a)</sup>  | 2564 | 2443 |
| Freddie Mac Pool #SD2610 4.00% 3/1/2053 <sup>(a)</sup>  | 1624 | 1544 |
| Freddie Mac Pool #SD8305 4.00% 3/1/2053 <sup>(a)</sup>  | 72 | 69 |
| Freddie Mac Pool #RA8720 4.00% 4/1/2053 <sup>(a)</sup>  | 2530 | 2414 |
| Freddie Mac Pool #SD8314 4.50% 4/1/2053 <sup>(a)</sup>  | 186 | 182 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(a)</sup>  | 4268 | 4289 |
| Freddie Mac Pool #QG1268 5.00% 4/1/2053 <sup>(a)</sup>  | 576 | 577 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(a)</sup>  | 516 | 515 |
| Freddie Mac Pool #QG2977 4.00% 5/1/2053 <sup>(a)</sup>  | 185 | 177 |
| Freddie Mac Pool #RA8647 4.50% 5/1/2053 <sup>(a)</sup>  | 31 | 31 |
| Freddie Mac Pool #SD8323 5.00% 5/1/2053 <sup>(a)</sup>  | 7837 | 7851 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(a)</sup>  | 7503 | 7638 |
| Freddie Mac Pool #QG3365 5.50% 5/1/2053 <sup>(a)</sup>  | 3211 | 3279 |
| Freddie Mac Pool #SD3369 5.50% 5/1/2053 <sup>(a)</sup>  | 2167 | 2199 |
| Freddie Mac Pool #SD2861 6.00% 5/1/2053 <sup>(a)</sup>  | 12391 | 12781 |
| Freddie Mac Pool #QG5002 4.00% 6/1/2053 <sup>(a)</sup>  | 572 | 544 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(a)</sup>  | 5257 | 5265 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(a)</sup>  | 17958 | 18267 |
| Freddie Mac Pool #SD3177 6.00% 6/1/2053 <sup>(a)</sup>  | 5679 | 5852 |
| Freddie Mac Pool #SD3083 6.00% 6/1/2053 <sup>(a)</sup>  | 2746 | 2829 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(a)</sup>  | 604 | 633 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(a)</sup>  | 523 | 548 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(a)</sup>  | 497 | 524 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(a)</sup>  | 489 | 515 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(a)</sup>  | 343 | 362 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(a)</sup>  | 275 | 289 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(a)</sup>  | 166 | 173 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(a)</sup>  | 155 | 166 |
| Freddie Mac Pool #QG7153 4.00% 7/1/2053 <sup>(a)</sup>  | 5072 | 4841 |
| Freddie Mac Pool #QG6067 4.00% 7/1/2053 <sup>(a)</sup>  | 537 | 510 |
| Freddie Mac Pool #QG7958 4.00% 7/1/2053 <sup>(a)</sup>  | 65 | 62 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(a)</sup>  | 243 | 243 |
| Freddie Mac Pool #SD3386 5.50% 7/1/2053 <sup>(a)</sup>  | 6917 | 7046 |
| Freddie Mac Pool #QG7411 5.50% 7/1/2053 <sup>(a)</sup>  | 456 | 465 |
| Freddie Mac Pool #RA9474 6.00% 7/1/2053 <sup>(a)</sup>  | 7709 | 7974 |
| Freddie Mac Pool #SD3434 6.00% 7/1/2053 <sup>(a)</sup>  | 2669 | 2751 |
| Freddie Mac Pool #QG8958 4.00% 8/1/2053 <sup>(a)</sup>  | 471 | 448 |
| Freddie Mac Pool #QG9629 4.00% 8/1/2053 <sup>(a)</sup>  | 393 | 373 |
| Freddie Mac Pool #QG9084 5.50% 8/1/2053 <sup>(a)</sup>  | 2170 | 2208 |
| Freddie Mac Pool #QG9008 5.50% 8/1/2053 <sup>(a)</sup>  | 2138 | 2177 |
| Freddie Mac Pool #QG9628 5.50% 8/1/2053 <sup>(a)</sup>  | 1725 | 1755 |
| Freddie Mac Pool #QG9141 5.50% 8/1/2053 <sup>(a)</sup>  | 1330 | 1355 |
| Freddie Mac Pool #SD3639 6.00% 8/1/2053 <sup>(a)</sup>  | 4095 | 4223 |
| Freddie Mac Pool #QH1059 6.00% 9/1/2053 <sup>(a)</sup>  | 8774 | 9055 |
| Freddie Mac Pool #SD3916 6.00% 9/1/2053 <sup>(a)</sup>  | 1324 | 1374 |
| Freddie Mac Pool #RA9854 6.00% 9/1/2053 <sup>(a)</sup>  | 1002 | 1042 |
| Freddie Mac Pool #SD3825 6.50% 9/1/2053 <sup>(a)</sup>  | 45147 | 46931 |
| Freddie Mac Pool #SD4997 5.00% 10/1/2053 <sup>(a)</sup>  | 761 | 762 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(a)</sup>  | 12533 | 12903 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **168** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD8369 6.50% 10/1/2053 <sup>(a)</sup>  | USD3,006 | $3128 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(a)</sup>  | 572 | 573 |
| Freddie Mac Pool #SD4571 5.50% 11/1/2053 <sup>(a)</sup>  | 17181 | 17495 |
| Freddie Mac Pool #SD8373 6.00% 11/1/2053 <sup>(a)</sup>  | 1888 | 1942 |
| Freddie Mac Pool #SD4318 6.50% 11/1/2053 <sup>(a)</sup>  | 11557 | 12126 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(a)</sup>  | 1610 | 1678 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(a)</sup>  | 34 | 35 |
| Freddie Mac Pool #RJ0440 6.00% 12/1/2053 <sup>(a)</sup>  | 4609 | 4749 |
| Freddie Mac Pool #QH5936 6.00% 12/1/2053 <sup>(a)</sup>  | 2681 | 2790 |
| Freddie Mac Pool #QH9285 2.50% 1/1/2054 <sup>(a)</sup>  | 108 | 91 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(a)</sup>  | 543 | 566 |
| Freddie Mac Pool #SD5910 4.00% 2/1/2054 <sup>(a)</sup>  | 184 | 176 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(a)</sup>  | 703 | 714 |
| Freddie Mac Pool #QI0006 6.00% 2/1/2054 <sup>(a)</sup>  | 4478 | 4607 |
| Freddie Mac Pool #SD4897 6.00% 2/1/2054 <sup>(a)</sup>  | 3302 | 3400 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(a)</sup>  | 164 | 169 |
| Freddie Mac Pool #SD4966 6.50% 2/1/2054 <sup>(a)</sup>  | 4155 | 4351 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(a)</sup>  | 376 | 382 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(a)</sup>  | 2336 | 2388 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(a)</sup>  | 1714 | 1742 |
| Freddie Mac Pool #RJ1435 6.00% 4/1/2054 <sup>(a)</sup>  | 7087 | 7322 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(a)</sup>  | 4925 | 5097 |
| Freddie Mac Pool #QI2895 6.00% 4/1/2054 <sup>(a)</sup>  | 4176 | 4339 |
| Freddie Mac Pool #RJ1346 6.00% 4/1/2054 <sup>(a)</sup>  | 1879 | 1956 |
| Freddie Mac Pool #SD8421 6.00% 4/1/2054 <sup>(a)</sup>  | 145 | 150 |
| Freddie Mac Pool #SD5316 6.00% 4/1/2054 <sup>(a)</sup>  | 20 | 21 |
| Freddie Mac Pool #SD5221 6.50% 4/1/2054 <sup>(a)</sup>  | 5247 | 5510 |
| Freddie Mac Pool #SD8430 5.00% 5/1/2054 <sup>(a)</sup>  | 1868 | 1865 |
| Freddie Mac Pool #RJ1417 5.50% 5/1/2054 <sup>(a)</sup>  | 35963 | 36756 |
| Freddie Mac Pool #RJ1512 5.50% 5/1/2054 <sup>(a)</sup>  | 4545 | 4653 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(a)</sup>  | 2621 | 2693 |
| Freddie Mac Pool #RJ1447 6.50% 5/1/2054 <sup>(a)</sup>  | 5138 | 5371 |
| Freddie Mac Pool #RJ1857 5.50% 6/1/2054 <sup>(a)</sup>  | 2633 | 2689 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(a)</sup>  | 925 | 946 |
| Freddie Mac Pool #RJ1859 6.00% 6/1/2054 <sup>(a)</sup>  | 22984 | 23769 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(a)</sup>  | 103 | 106 |
| Freddie Mac Pool #SD5701 6.50% 6/1/2054 <sup>(a)</sup>  | 5550 | 5829 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(a)</sup>  | 1766 | 1801 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(a)</sup>  | 19112 | 19635 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(a)</sup>  | 12328 | 12863 |
| Freddie Mac Pool #SD5949 6.00% 7/1/2054 <sup>(a)</sup>  | 2726 | 2810 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(a)</sup>  | 2538 | 2625 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(a)</sup>  | 207 | 213 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(a)</sup>  | 6231 | 6477 |
| Freddie Mac Pool #QI9151 6.50% 7/1/2054 <sup>(a)</sup>  | 2247 | 2358 |
| Freddie Mac Pool #RJ2193 5.00% 8/1/2054 <sup>(a)</sup>  | 2034 | 2044 |
| Freddie Mac Pool #RJ2241 5.00% 8/1/2054 <sup>(a)</sup>  | 1389 | 1392 |
| Freddie Mac Pool #RJ2195 5.00% 8/1/2054 <sup>(a)</sup>  | 1302 | 1302 |
| Freddie Mac Pool #SD8453 5.50% 8/1/2054 <sup>(a)</sup>  | 3 | 3 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(a)</sup>  | 7892 | 8108 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(a)</sup>  | 4491 | 4623 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(a)</sup>  | 2184 | 2252 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(a)</sup>  | 523 | 539 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(a)</sup>  | 128 | 133 |
| Freddie Mac Pool #QJ1440 6.00% 8/1/2054 <sup>(a)</sup>  | 62 | 64 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(a)</sup>  | 11370 | 11901 |
| Freddie Mac Pool #SD6034 6.50% 8/1/2054 <sup>(a)</sup>  | 10081 | 10552 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(a)</sup>  | 6028 | 6266 |
| Freddie Mac Pool #SD6047 6.50% 8/1/2054 <sup>(a)</sup>  | 4125 | 4326 |
| Freddie Mac Pool #SD6035 6.50% 8/1/2054 <sup>(a)</sup>  | 2688 | 2815 |

---

---

| | |
|:---|:---|
| **169** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(a)</sup>  | USD1,700 | $1776 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(a)</sup>  | 887 | 925 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(a)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD6578 6.00% 9/1/2054 <sup>(a)</sup>  | 4124 | 4292 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(a)</sup>  | 453 | 467 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(a)</sup>  | 237 | 245 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(a)</sup>  | 224 | 233 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(a)</sup>  | 216 | 225 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(a)</sup>  | 138 | 142 |
| Freddie Mac Pool #QJ3982 6.00% 9/1/2054 <sup>(a)</sup>  | 42 | 43 |
| Freddie Mac Pool #QJ3945 6.00% 9/1/2054 <sup>(a)</sup>  | 22 | 23 |
| Freddie Mac Pool #RJ2320 6.50% 9/1/2054 <sup>(a)</sup>  | 4015 | 4192 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(a)</sup>  | 2325 | 2430 |
| Freddie Mac Pool #RJ2325 6.50% 9/1/2054 <sup>(a)</sup>  | 1696 | 1770 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(a)</sup>  | 1067 | 1109 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(a)</sup>  | 922 | 967 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(a)</sup>  | 955 | 969 |
| Freddie Mac Pool #QJ5971 6.00% 10/1/2054 <sup>(a)</sup>  | 144 | 149 |
| Freddie Mac Pool #QJ5733 6.00% 10/1/2054 <sup>(a)</sup>  | 46 | 47 |
| Freddie Mac Pool #SD8470 6.00% 10/1/2054 <sup>(a)</sup>  | 22 | 23 |
| Freddie Mac Pool #SD6733 6.50% 10/1/2054 <sup>(a)</sup>  | 4703 | 4900 |
| Freddie Mac Pool #QJ7714 6.50% 10/1/2054 <sup>(a)</sup>  | 123 | 128 |
| Freddie Mac Pool #SD8484 4.00% 11/1/2054 <sup>(a)</sup>  | 4196 | 3984 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(a)</sup>  | 4697 | 4590 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(a)</sup>  | 2596 | 2593 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(a)</sup>  | 10494 | 10659 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(a)</sup>  | 10239 | 10390 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(a)</sup>  | 2822 | 2904 |
| Freddie Mac Pool #RJ3017 5.00% 12/1/2054 <sup>(a)</sup>  | 3344 | 3338 |
| Freddie Mac Pool #RJ3163 5.00% 12/1/2054 <sup>(a)</sup>  | 6 | 6 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(a)</sup>  | 253 | 256 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(a)</sup>  | 13 | 13 |
| Freddie Mac Pool #QX1881 6.00% 12/1/2054 <sup>(a)</sup>  | 260 | 268 |
| Freddie Mac Pool #QX0548 6.50% 12/1/2054 <sup>(a)</sup>  | 673 | 700 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(a)</sup>  | 1300 | 1319 |
| Freddie Mac Pool #RJ3240 6.00% 1/1/2055 <sup>(a)</sup>  | 5110 | 5292 |
| Freddie Mac Pool #RJ3301 6.00% 1/1/2055 <sup>(a)</sup>  | 2130 | 2217 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(a)</sup>  | 2041 | 2097 |
| Freddie Mac Pool #RJ3305 6.00% 1/1/2055 <sup>(a)</sup>  | 1547 | 1603 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(a)</sup>  | 517 | 531 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(a)</sup>  | 5331 | 5609 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(a)</sup>  | 4537 | 4432 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(a)</sup>  | 2707 | 2781 |
| Freddie Mac Pool #SL0797 6.00% 2/1/2055 <sup>(a)</sup>  | 1637 | 1692 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(a)</sup>  | 4159 | 4273 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(a)</sup>  | 6166 | 6409 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(a)</sup>  | 6852 | 7040 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(a)</sup>  | 749 | 770 |
| Freddie Mac Pool #QY1898 7.00% 4/1/2055 <sup>(a)</sup>  | 1000 | 1061 |
| Freddie Mac Pool #QY0611 7.00% 4/1/2055 <sup>(a)</sup>  | 1000 | 1056 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(a)</sup>  | 190 | 190 |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(a)</sup>  | 5143 | 5218 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(a)</sup>  | 3005 | 3088 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(a)</sup>  | 859 | 858 |
| Freddie Mac Pool #RJ4979 5.50% 6/1/2055 <sup>(a)</sup>  | 222 | 225 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(a)</sup>  | 3937 | 3929 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(a)</sup>  | 11844 | 12016 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(a)</sup>  | 17994 | 18482 |
| Freddie Mac Pool #QY7483 6.00% 7/1/2055 <sup>(a)</sup>  | 640 | 658 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(a)</sup>  | 2080 | 2162 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **170** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(a)</sup>  | USD7,619 | $7826 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(a)</sup>  | 3830 | 3935 |
| Freddie Mac Pool #RQ0056 5.50% 10/1/2055 <sup>(a)</sup>  | 1894 | 1921 |
| Freddie Mac Pool #RQ0081 3.50% 1/1/2056 <sup>(a)</sup>  | 949 | 880 |
| Freddie Mac Pool #RQ0082 4.00% 1/1/2056 <sup>(a)</sup>  | 4000 | 3796 |
| Freddie Mac, Series 3061, Class PN, 5.50% 11/15/2035 <sup>(a)</sup>  | 33 | 34 |
| Freddie Mac, Series 3318, Class JT, 5.50% 5/15/2037 <sup>(a)</sup>  | 88 | 92 |
| Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/2033 <sup>(a)(b)</sup>  | 3461 | 3484 |
| Freddie Mac, Series 3146, Class PO, principal only, 0% 4/15/2036 <sup>(a)</sup>  | 77 | 68 |
| Freddie Mac, Series 3156, Class PO, principal only, 0% 5/15/2036 <sup>(a)</sup>  | 69 | 61 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(a)(b)</sup>  | 5318 | 5222 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(a)</sup>  | 1306 | 1273 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/2032 <sup>(a)</sup>  | 7344 | 7165 |
| Government National Mortgage Assn. 2.00% 1/1/2056 <sup>(a)(d)</sup>  | 6176 | 5117 |
| Government National Mortgage Assn. 2.50% 1/1/2056 <sup>(a)(d)</sup>  | 4300 | 3710 |
| Government National Mortgage Assn. 5.00% 1/1/2056 <sup>(a)(d)</sup>  | 135 | 135 |
| Government National Mortgage Assn. Pool #MA5817 4.00% 3/20/2049 <sup>(a)</sup>  | 8842 | 8480 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 <sup>(a)</sup>  | 24 | 24 |
| Government National Mortgage Assn. Pool #MA6221 4.50% 10/20/2049 <sup>(a)</sup>  | 3633 | 3619 |
| Government National Mortgage Assn. Pool #MA6600 3.50% 4/20/2050 <sup>(a)</sup>  | 8144 | 7513 |
| Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 <sup>(a)</sup>  | 1845 | 1530 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(a)</sup>  | 3200 | 2653 |
| Government National Mortgage Assn. Pool #785607 2.50% 8/20/2051 <sup>(a)</sup>  | 7322 | 6269 |
| Government National Mortgage Assn. Pool #785575 2.50% 8/20/2051 <sup>(a)</sup>  | 2712 | 2317 |
| Government National Mortgage Assn. Pool #785659 2.50% 10/20/2051 <sup>(a)</sup>  | 2624 | 2247 |
| Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 <sup>(a)</sup>  | 3845 | 3320 |
| Government National Mortgage Assn. Pool #785998 2.50% 3/20/2052 <sup>(a)</sup>  | 3308 | 2836 |
| Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 <sup>(a)</sup>  | 214 | 193 |
| Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 <sup>(a)</sup>  | 165 | 149 |
| Government National Mortgage Assn. Pool #MA8044 3.50% 5/20/2052 <sup>(a)</sup>  | 4422 | 4076 |
| Government National Mortgage Assn. Pool #MA8148 3.00% 7/20/2052 <sup>(a)</sup>  | 4579 | 4123 |
| Government National Mortgage Assn. Pool #MA8199 3.50% 8/20/2052 <sup>(a)</sup>  | 3773 | 3460 |
| Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 <sup>(a)</sup>  | 20329 | 18786 |
| Government National Mortgage Assn. Pool #MA8267 4.00% 9/20/2052 <sup>(a)</sup>  | 7218 | 6880 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(a)</sup>  | 5056 | 4813 |
| Government National Mortgage Assn. Pool #MA8799 4.50% 4/20/2053 <sup>(a)</sup>  | 3238 | 3176 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(a)</sup>  | 11481 | 11248 |
| Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/2053 <sup>(a)</sup>  | 2951 | 2958 |
| Government National Mortgage Assn. Pool #MA9104 4.50% 8/20/2053 <sup>(a)</sup>  | 7397 | 7249 |
| Government National Mortgage Assn. Pool #MA9169 4.50% 9/20/2053 <sup>(a)</sup>  | 12305 | 12036 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(a)</sup>  | 1705 | 1621 |
| Government National Mortgage Assn. Pool #MB0024 4.50% 11/20/2054 <sup>(a)</sup>  | 20281 | 19787 |
| Government National Mortgage Assn. Pool #MB0147 5.50% 1/20/2055 <sup>(a)</sup>  | 3466 | 3505 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(a)</sup>  | 2039 | 2062 |
| Government National Mortgage Assn. Pool #MB0424 5.50% 6/20/2055 <sup>(a)</sup>  | 7908 | 7992 |
| Government National Mortgage Assn. Pool #MB0485 5.50% 7/20/2055 <sup>(a)</sup>  | 12832 | 12970 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(a)</sup>  | 1451 | 1083 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2041 <sup>(a)(d)</sup>  | 5845 | 5413 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(a)(d)</sup>  | 53078 | 42918 |
| Uniform Mortgage-Backed Security 3.00% 1/1/2056 <sup>(a)(d)</sup>  | 4335 | 3835 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(a)(d)</sup>  | 154 | 142 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(a)(d)</sup>  | 20135 | 19659 |
| Uniform Mortgage-Backed Security 5.00% 1/1/2056 <sup>(a)(d)</sup>  | 23668 | 23607 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(a)(d)</sup>  | 1089 | 1132 |
| Uniform Mortgage-Backed Security 7.00% 1/1/2056 <sup>(a)(d)</sup>  | 12098 | 12733 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(a)(d)</sup>  | 27516 | 25355 |
| Uniform Mortgage-Backed Security 4.00% 2/1/2056 <sup>(a)(d)</sup>  | 17770 | 16847 |
|  |  | 2904435 |

---

---

| | |
|:---|:---|
| **171** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities 3.57%** |  |  |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.494% 6/15/2040 <sup>(a)(b)(e)</sup>  | USD11,443 | $11504 |
| AMSR Trust, Series 2025-SFR1, Class A, 3.655% 6/17/2042 <sup>(a)(e)</sup>  | 11892 | 11486 |
| ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 5.442% <br> 7/15/2041 <sup>(a)(b)(e)</sup>  | 1251 | 1254 |
| Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 2/15/2052 <sup>(a)</sup>  | 770 | 764 |
| Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 4/15/2052 <sup>(a)</sup>  | 100 | 98 |
| Bank Commercial Mortgage Trust, Series 2023-5YR3, Class AS, 7.315% 9/15/2056 <sup>(a)(b)</sup>  | 684 | 731 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class AS, 7.274% 12/15/2056 <sup>(a)(b)</sup>  | 500 | 534 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class AS, 6.139% 11/15/2057 <sup>(a)</sup>  | 3537 | 3702 |
| Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 2/17/2061 <sup>(a)</sup>  | 123 | 121 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/2061 <sup>(a)</sup>  | 1018 | 965 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/2063 <sup>(a)</sup>  | 295 | 271 |
| Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 1/15/2052 <sup>(a)</sup>  | 2541 | 2522 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(a)(b)</sup>  | 781 | 785 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(a)(b)</sup>  | 3361 | 3507 |
| Benchmark Mortgage Trust, Series 2024-V11, Class AM, 6.201% 11/15/2057 <sup>(a)(b)</sup>  | 2174 | 2275 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364% 2/15/2057 <sup>(a)(b)</sup>  | 2774 | 2910 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(a)(b)</sup>  | 7780 | 8150 |
| BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) <br> 5.865% 6/15/2027 <sup>(a)(b)(e)</sup>  | 8476 | 8500 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.291% 5/15/2034 <sup>(a)(b)(e)</sup>  | 2183 | 2186 |
| BX Trust, Series 2021-RISE, Class A, (1-month USD CME Term SOFR + 0.862%) 4.612% 11/15/2036 <sup>(a)(b)(e)</sup>  | 10670 | 10664 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.241% 4/15/2037 <sup>(a)(b)(e)</sup>  | 2778 | 2783 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 4.715% 11/15/2038 <sup>(a)(b)(e)</sup>  | 7785 | 7782 |
| BX Trust, Series 2021-ACNT, Class B, (1-month USD CME Term SOFR + 1.364%) 5.115% 11/15/2038 <sup>(a)(b)(e)</sup>  | 264 | 264 |
| BX Trust, Series 2021-ACNT, Class C, (1-month USD CME Term SOFR + 1.614%) 5.365% 11/15/2038 <sup>(a)(b)(e)</sup>  | 78 | 78 |
| BX Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) 5.715% 11/15/2038 <sup>(a)(b)(e)</sup>  | 118 | 118 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 4.74% 1/17/2039 <sup>(a)(b)(e)</sup>  | 8600 | 8597 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(a)(b)(e)</sup>  | 26909 | 27302 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.442% 8/15/2041 <sup>(a)(b)(e)</sup>  | 7715 | 7740 |
| BX Trust, Series 2025-ARIA, Class A, 5.031% 12/13/2042 <sup>(a)(b)(e)</sup>  | 28535 | 28830 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.70% 12/15/2044 <sup>(a)(b)(e)</sup>  | 25957 | 26020 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.641% <br> 7/15/2041 <sup>(a)(b)(e)</sup>  | 1514 | 1518 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.392% 8/15/2041 <sup>(a)(b)(e)</sup>  | 5461 | 5460 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(a)(b)(e)</sup>  | 19044 | 19637 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(a)</sup>  | 244 | 243 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.728% 8/12/2043 <sup>(a)(b)(e)</sup>  | 8924 | 9165 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(a)(e)</sup>  | 966 | 996 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.804% 9/12/2040 <sup>(a)(e)</sup>  | 1121 | 1157 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.14% 9/12/2040 <sup>(a)(b)(e)</sup>  | 862 | 893 |
| Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 5/10/2049 <sup>(a)</sup>  | 200 | 198 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(a)(b)(e)</sup>  | 7301 | 7455 |
| Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 5.05% <br> 10/15/2042 <sup>(a)(b)(e)</sup>  | 9486 | 9514 |
| FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056 <sup>(a)(b)</sup>  | 2432 | 2494 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.20% 12/15/2039 <sup>(a)(b)(e)</sup>  | 1508 | 1513 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487% 3/10/2041 <sup>(a)(b)(e)</sup>  | 10443 | 10568 |
| GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/2050 <sup>(a)</sup>  | 400 | 395 |
| GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 2/10/2052 <sup>(a)</sup>  | 100 | 98 |
| GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/2053 <sup>(a)</sup>  | 1536 | 1414 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.143% <br>3/15/2042 <sup>(a)(b)(e)</sup>  | 8260 | 8278 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(a)(b)(e)</sup>  | 15120 | 15694 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(a)(b)(e)</sup>  | 1478 | 1497 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(a)(b)(e)</sup>  | 24720 | 25650 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.10% <br>3/15/2042 <sup>(a)(b)(e)</sup>  | 28416 | 28487 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 3/15/2050 <sup>(a)</sup>  | 640 | 633 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **172** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** |  |  |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 10/15/2050 <sup>(a)</sup>  | USD240 | $236 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(a)(e)</sup>  | 6854 | 6204 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% <br> 12/15/2049 <sup>(a)(b)</sup>  | 2040 | 2024 |
| KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) <br> 5.293% 12/15/2039 <sup>(a)(b)(e)</sup>  | 13015 | 13029 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 4/15/2048 <sup>(a)</sup>  | 59 | 58 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 12/15/2049 <sup>(a)</sup>  | 245 | 243 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(a)(b)(e)</sup>  | 4409 | 4422 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) <br> 5.142% 5/15/2039 <sup>(a)(b)(e)</sup>  | 3848 | 3847 |
| SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/2041 <sup>(a)(e)</sup>  | 4065 | 3639 |
| SREIT Trust, Series 2021-MFP, Class B, (1-month USD CME Term SOFR + 1.194%) 4.944% 11/15/2038 <sup>(a)(b)(e)</sup>  | 221 | 221 |
| SREIT Trust, Series 2021-MFP, Class C, (1-month USD CME Term SOFR + 1.443%) 5.194% 11/15/2038 <sup>(a)(b)(e)</sup>  | 118 | 118 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.193% 2/15/2042 <sup>(a)(b)(e)</sup>  | 26882 | 26674 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 12/15/2049 <sup>(a)</sup>  | 2550 | 2540 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 12/15/2052 <sup>(a)</sup>  | 1019 | 975 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% 11/15/2057 <sup>(a)(b)</sup>  | 5667 | 5970 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 1/15/2060 <sup>(a)</sup>  | 205 | 204 |
|  |  | 405804 |
| **Collateralized mortgage-backed obligations (privately originated) 2.87%** |  |  |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(a)(b)(e)</sup>  | 1464 | 1328 |
| Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055 <sup>(a)(e)</sup>  | 49 | 47 |
| Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026) <sup>(a)(e)(f)</sup>  | 3728 | 3648 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(a)(e)(f)</sup>  | 11242 | 11004 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(a)(b)(e)</sup>  | 532 | 504 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(a)(b)(e)</sup>  | 159 | 157 |
| BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061 <sup>(a)(e)</sup>  | 631 | 582 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(a)(b)(e)</sup>  | 1869 | 1865 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(a)(b)(e)</sup>  | 12435 | 12207 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(a)(b)(e)</sup>  | 4882 | 4673 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(a)(b)(e)</sup>  | 107 | 101 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(a)(b)(e)</sup>  | 969 | 884 |
| Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) <br> 6.274% 12/25/2042 <sup>(a)(b)(e)</sup>  | 411 | 420 |
| Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M1, (30-day Average USD-SOFR + 2.30%) <br> 6.174% 5/25/2043 <sup>(a)(b)(e)</sup>  | 2028 | 2067 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) <br> 5.774% 6/25/2043 <sup>(a)(b)(e)</sup>  | 1083 | 1091 |
| Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) <br> 5.574% 7/25/2043 <sup>(a)(b)(e)</sup>  | 517 | 519 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) <br> 4.924% 1/25/2044 <sup>(a)(b)(e)</sup>  | 2503 | 2501 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2, (30-day Average USD-SOFR + 1.80%) <br> 5.674% 1/25/2044 <sup>(a)(b)(e)</sup>  | 507 | 511 |
| Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) <br> 4.974% 2/25/2044 <sup>(a)(b)(e)</sup>  | 242 | 242 |
| Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M2, (30-day Average USD-SOFR + 1.80%) <br> 5.674% 2/25/2044 <sup>(a)(b)(e)</sup>  | 1053 | 1060 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) <br> 4.974% 5/25/2044 <sup>(a)(b)(e)</sup>  | 1578 | 1577 |
| Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M1, (30-day Average USD-SOFR + 1.05%) <br> 4.924% 9/25/2044 <sup>(a)(b)(e)</sup>  | 167 | 167 |
| Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2, (30-day Average USD-SOFR + 1.60%) <br> 5.474% 9/25/2044 <sup>(a)(b)(e)</sup>  | 1584 | 1586 |

---

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| | |
|:---|:---|
| **173** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** |  |  |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) <br> 4.874% 2/25/2045 <sup>(a)(b)(e)</sup>  | USD1,955 | $1959 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) <br> 5.024% 2/25/2045 <sup>(a)(b)(e)</sup>  | 3390 | 3397 |
| Connecticut Avenue Securities Trust, Series 2025-R04, Class 1M1, (30-day Average USD-SOFR + 1.20%) <br> 5.074% 5/25/2045 <sup>(a)(b)(e)</sup>  | 5187 | 5202 |
| Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 9/25/2051 <sup>(a)(b)(e)</sup>  | 1632 | 1365 |
| Flagstar Mortgage Trust, Series 2021-11INV, Class A4, 2.50% 11/25/2051 <sup>(a)(b)(e)</sup>  | 1791 | 1498 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 6.824% 6/25/2042 <sup>(a)(b)(e)</sup>  | 101 | 103 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.024% 9/25/2042 <sup>(a)(b)(e)</sup>  | 123 | 124 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average <br> USD-SOFR + 3.70%) 7.574% 9/25/2042 <sup>(a)(b)(e)</sup>  | 1519 | 1585 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA1, Class M1, (30-day Average <br> USD-SOFR + 1.35%) 5.224% 2/25/2044 <sup>(a)(b)(e)</sup>  | 2438 | 2440 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.074% 5/25/2044 <sup>(a)(b)(e)</sup>  | 10256 | 10273 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M1, (30-day Average <br> USD-SOFR + 1.00%) 4.874% 10/25/2044 <sup>(a)(b)(e)</sup>  | 62 | 62 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M2, (30-day Average <br> USD-SOFR + 1.45%) 5.324% 10/25/2044 <sup>(a)(b)(e)</sup>  | 1648 | 1648 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.10%) 4.974% 5/25/2045 <sup>(a)(b)(e)</sup>  | 2282 | 2288 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.074% 5/25/2045 <sup>(a)(b)(e)</sup>  | 6559 | 6560 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(a)(e)(f)</sup>  | 3684 | 3725 |
| GCAT Trust, Series 2021-NQM6, Class A1, 1.855% 8/25/2066 <sup>(a)(b)(e)</sup>  | 1568 | 1444 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on <br>2/1/2028) <sup>(a)(e)(f)</sup>  | 655 | 644 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(a)(e)</sup>  | 3828 | 3748 |
| HOMES Trust, Series 2024-NQM1, Class A1, 5.915% 7/25/2069 (6.915% on 7/1/2028) <sup>(a)(e)(f)</sup>  | 13470 | 13613 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A2, 6.00% 4/25/2055 <sup>(a)(b)(e)</sup>  | 537 | 548 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(a)(e)</sup>  | 591 | 592 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 6.25% 7/25/2067 <sup>(a)(e)</sup>  | 1805 | 1808 |
| MFRA Trust, Series 2021-RPL1, Class A1, 1.131% 7/25/2060 <sup>(a)(b)(e)</sup>  | 1819 | 1679 |
| MFRA Trust, Series 2024-NQM2, Class A1, 5.272% 8/25/2069 (6.272% on 8/1/2028) <sup>(a)(e)(f)</sup>  | 17976 | 18016 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(a)(e)(f)</sup>  | 3098 | 3108 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2024-HYB1, Class A1, 3.637% 3/25/2053 <sup>(a)(b)(e)</sup>  | 2237 | 2233 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.695% 4/25/2053 <sup>(a)(b)(e)</sup>  | 1698 | 1685 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(a)(e)(f)</sup>  | 5345 | 5395 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(a)(e)(f)</sup>  | 2650 | 2674 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(a)(e)(f)</sup>  | 5910 | 5981 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(a)(e)(f)</sup>  | 5619 | 5690 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(a)(e)(f)</sup>  | 14545 | 14727 |
| Onslow Bay Financial, LLC, Series 2024-NQM13, Class A1, 5.116% 6/25/2064 (6.116% on 8/1/2028) <sup>(a)(e)(f)</sup>  | 4358 | 4369 |
| Onslow Bay Financial, LLC, Series 2024-NQM11, Class A1, 5.875% 6/25/2064 (6.825% on 7/1/2028) <sup>(a)(e)(f)</sup>  | 16390 | 16559 |
| Onslow Bay Financial, LLC, Series 2025-NQM19, Class A1, 4.869% 10/25/2065 <sup>(a)(b)(e)</sup>  | 7668 | 7687 |
| PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/2056 <sup>(a)(b)(e)</sup>  | 1245 | 1117 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(a)(e)</sup>  | 1077 | 1063 |
| Progress Residential Trust, Series 2024-SFR2, Class B, 3.40% 4/17/2041 <sup>(a)(b)(e)</sup>  | 1044 | 1005 |
| Progress Residential Trust, Series 2025-SFR2, Class A, 3.305% 4/17/2042 <sup>(a)(e)</sup>  | 14298 | 13641 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(a)(e)</sup>  | 4038 | 3852 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(a)(e)(f)</sup>  | 2983 | 2892 |
| Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 5.50% 10/17/2041 <sup>(a)(b)(e)</sup>  | 6364 | 6389 |
| Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060 <sup>(a)(e)</sup>  | 6910 | 6344 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.03% 7/25/2065 <sup>(a)(b)(e)</sup>  | 3039 | 3071 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(e)(g)</sup>  | 1368 | 1368 |
| Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/2038 <sup>(a)(e)</sup>  | 5017 | 4955 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **174** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** |  |  |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(a)(e)</sup>  | USD8,559 | $8592 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(a)(e)</sup>  | 7453 | 7456 |
| Tricon Residential Trust, Series 2024-SFR4, Class A, 4.30% 11/17/2041 <sup>(a)(e)</sup>  | 3343 | 3324 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(a)(e)(f)</sup>  | 12295 | 12443 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(a)(e)(f)</sup>  | 5466 | 5541 |
| Verus Securitization Trust, Series 2024-6, Class A1, 5.799% 7/25/2069 (6.799% on 7/1/2028) <sup>(a)(e)(f)</sup>  | 11832 | 11940 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(a)(b)(e)</sup>  | 3935 | 3959 |
| Verus Securitization Trust, Series 2025-5, Class A1, 5.427% 6/25/2070 (6.427% on 6/1/2029) <sup>(a)(e)(f)</sup>  | 19755 | 19928 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(a)(e)(f)</sup>  | 4404 | 4425 |
|  |  | 326475 |
| **Total mortgage-backed obligations** |  | 3636714 |
| **Corporate bonds and notes 30.21%** | **Corporate bonds and notes 30.21%** | **Corporate bonds and notes 30.21%** |
| **Financials 9.16%** |  |  |
| AerCap Ireland Capital DAC 1.75% 1/30/2026  | 2841 | 2836 |
| AerCap Ireland Capital DAC 2.45% 10/29/2026  | 10289 | 10152 |
| AerCap Ireland Capital DAC 6.45% 4/15/2027  | 3994 | 4104 |
| AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028) <sup>(e)(f)</sup>  | 1597 | 1696 |
| AIB Group PLC 5.871% 3/28/2035 (USD-SOFR + 1.91% on 3/28/2034) <sup>(e)(f)</sup>  | 1995 | 2109 |
| Alpha Bank SA 7.50% 6/16/2027 (1-year EUR Mid-Swap + 5.084% on 6/16/2026) <sup>(f)</sup>  | EUR437 | 524 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(f)</sup>  | 2840 | 3647 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(f)</sup>  | 4065 | 5061 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(f)</sup>  | USD359 | 392 |
| American Express Co. 5.043% 5/1/2034 (USD-SOFR + 1.835% on 5/1/2033) <sup>(f)</sup>  | 1618 | 1661 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(f)</sup>  | 4927 | 5120 |
| American Express Co. 5.667% 4/25/2036 (USD-SOFR + 1.79% on 4/25/2035) <sup>(f)</sup>  | 2464 | 2603 |
| American International Group, Inc. 4.85% 5/7/2030  | 24445 | 25070 |
| American International Group, Inc. 5.125% 3/27/2033  | 2749 | 2831 |
| Aon Corp. 5.35% 2/28/2033  | 1083 | 1128 |
| Aon North America, Inc. 5.15% 3/1/2029  | 3015 | 3103 |
| Aon North America, Inc. 5.30% 3/1/2031  | 1005 | 1048 |
| Aon North America, Inc. 5.45% 3/1/2034  | 2550 | 2651 |
| Aon North America, Inc. 5.75% 3/1/2054  | 1163 | 1158 |
| Arthur J. Gallagher & Co. 4.85% 12/15/2029  | 3140 | 3215 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 1845 | 1866 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 1845 | 1772 |
| Banco Santander SA 1.722% 9/14/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on <br> 9/14/2026) <sup>(f)</sup>  | 1400 | 1377 |
| Bank of America Corp. 2.551% 2/4/2028 (USD-SOFR + 1.05% on 2/4/2027) <sup>(f)</sup>  | 4295 | 4226 |
| Bank of America Corp. 4.376% 4/27/2028 (USD-SOFR + 1.58% on 4/27/2027) <sup>(f)</sup>  | 2635 | 2646 |
| Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028) <sup>(f)</sup>  | 3202 | 3055 |
| Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028) <sup>(f)</sup>  | 339 | 354 |
| Bank of America Corp. 3.974% 2/7/2030 (3-month USD CME Term SOFR + 1.472% on 2/7/2029) <sup>(f)</sup>  | 1150 | 1144 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(f)</sup>  | 24072 | 21536 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(f)</sup>  | 41179 | 36834 |
| Bank of Nova Scotia (The) 5.25% 6/12/2028  | 1370 | 1411 |
| Banque Federative du Credit Mutuel 0.82% 10/16/2026  | JPY300,000 | 1909 |
| Barclays PLC 4.837% 9/10/2028 (USD-SOFR + 1.34% on 9/10/2027) <sup>(f)</sup>  | USD2,585 | 2617 |
| Block, Inc. 2.75% 6/1/2026  | 1975 | 1964 |
| Block, Inc. 5.625% 8/15/2030 <sup>(e)</sup>  | 1735 | 1771 |
| BNP Paribas SA 2.591% 1/20/2028 (USD-SOFR + 1.228% on 1/20/2027) <sup>(e)(f)</sup>  | 13134 | 12934 |
| BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) <sup>(e)(f)</sup>  | 3594 | 3403 |
| BPCE SA 0.895% 12/14/2026  | JPY100,000 | 636 |
| BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026) <sup>(e)(f)</sup>  | USD2,150 | 2151 |
| BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028) <sup>(e)(f)</sup>  | 5000 | 5307 |
| BPCE SA 5.716% 1/18/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.959% on <br> 1/18/2029) <sup>(e)(f)</sup>  | 1285 | 1331 |
| BPCE SA 5.876% 1/14/2031 (USD-SOFR + 1.68% on 1/14/2030) <sup>(e)(f)</sup>  | 1845 | 1929 |

---

---

| | |
|:---|:---|
| **175** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| BPCE SA 5.389% 5/28/2031 (USD-SOFR + 1.581% on 5/28/2030) <sup>(e)(f)</sup>  | USD3,814 | $3917 |
| BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034) <sup>(e)(f)</sup>  | 4503 | 4698 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(e)(f)</sup>  | 10948 | 11375 |
| CaixaBank SA 6.84% 9/13/2034 (USD-SOFR + 2.77% on 9/13/2033) <sup>(e)(f)</sup>  | 1900 | 2121 |
| Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028) <sup>(f)</sup>  | 515 | 529 |
| Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033) <sup>(f)</sup>  | 1204 | 1302 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(f)</sup>  | 2920 | 3110 |
| Charles Schwab Corp. (The) 5.643% 5/19/2029 (USD-SOFR + 2.21% on 5/19/2028) <sup>(f)</sup>  | 2445 | 2539 |
| China Ping An Insurance Overseas (Holdings), Ltd. 2.85% 8/12/2031  | 526 | 483 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 2020 | 2017 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 4400 | 4503 |
| Chubb INA Holdings, LLC 4.35% 11/3/2045  | 2015 | 1761 |
| Citibank, NA 5.803% 9/29/2028  | 4100 | 4300 |
| Citigroup, Inc. 4.60% 3/9/2026  | 1800 | 1801 |
| Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029) <sup>(f)</sup>  | 7800 | 8006 |
| Citigroup, Inc. 4.412% 3/31/2031 (USD-SOFR + 3.914% on 3/31/2030) <sup>(f)</sup>  | 933 | 933 |
| Citigroup, Inc. 4.952% 5/7/2031 (USD-SOFR + 1.463% on 5/7/2030) <sup>(f)</sup>  | 20610 | 21059 |
| Citigroup, Inc. 2.561% 5/1/2032 (USD-SOFR + 1.167% on 5/1/2031) <sup>(f)</sup>  | 3937 | 3574 |
| Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032) <sup>(f)</sup>  | 990 | 907 |
| Citigroup, Inc. 3.785% 3/17/2033 (USD-SOFR + 1.939% on 3/17/2032) <sup>(f)</sup>  | 3090 | 2951 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(f)</sup>  | 123 | 129 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(f)</sup>  | 1874 | 1918 |
| Corebridge Financial, Inc. 3.65% 4/5/2027  | 3913 | 3890 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 3534 | 3479 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 3964 | 3764 |
| Corebridge Financial, Inc. 4.35% 4/5/2042  | 361 | 310 |
| Credit Agricole SA 1.247% 1/26/2027 (USD-SOFR + 0.892% on 1/26/2026) <sup>(e)(f)</sup>  | 2450 | 2445 |
| Danske Bank AS 1.549% 9/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.73% on <br> 9/10/2026) <sup>(e)(f)</sup>  | 2990 | 2940 |
| Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br>4/1/2027) <sup>(e)(f)</sup>  | 2975 | 2982 |
| Deutsche Bank AG 4.10% 1/13/2026  | 7305 | 7305 |
| Deutsche Bank AG 4.10% 1/13/2026  | 857 | 857 |
| Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027) <sup>(f)</sup>  | 17595 | 17308 |
| Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030) <sup>(f)</sup>  | 1590 | 1518 |
| Deutsche Bank AG 5.403% 9/11/2035 (USD-SOFR + 2.05% on 9/11/2034) <sup>(f)</sup>  | 3200 | 3265 |
| DNB Bank ASA 1.535% 5/25/2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.72% on <br>5/25/2026) <sup>(e)(f)</sup>  | 1200 | 1188 |
| Eurobank SA 2.00% 5/5/2027 (1-year EUR Mid-Swap + 2.398% on 5/5/2026) <sup>(f)</sup>  | EUR1,845 | 2165 |
| Eurobank SA 2.25% 3/14/2028 (1-year EUR Mid-Swap + 2.634% on 3/14/2027) <sup>(f)</sup>  | 4230 | 4954 |
| Eurobank SA 7.00% 1/26/2029 (1-year EUR Mid-Swap + 4.418% on 1/26/2028) <sup>(f)</sup>  | 3855 | 4900 |
| Eurobank SA 5.875% 11/28/2029 (1-year EUR Mid-Swap + 2.83% on 11/28/2028) <sup>(f)</sup>  | 12035 | 15267 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(f)</sup>  | 390 | 487 |
| Fifth Third Bancorp 6.339% 7/27/2029 (USD-SOFR + 2.34% on 7/27/2028) <sup>(f)</sup>  | USD205 | 216 |
| Fifth Third Bancorp 4.895% 9/6/2030 (USD-SOFR + 1.486% on 9/6/2029) <sup>(f)</sup>  | 1968 | 2000 |
| Fifth Third Bancorp 5.631% 1/29/2032 (USD-SOFR + 1.84% on 1/29/2031) <sup>(f)</sup>  | 11396 | 11964 |
| Goldman Sachs Group, Inc. 1.431% 3/9/2027 (USD-SOFR + 0.795% on 3/9/2026) <sup>(f)</sup>  | 3030 | 3015 |
| Goldman Sachs Group, Inc. 1.542% 9/10/2027 (USD-SOFR + 0.818% on 9/10/2026) <sup>(f)</sup>  | 13275 | 13046 |
| Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026) <sup>(f)</sup>  | 12997 | 12780 |
| Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027) <sup>(f)</sup>  | 3703 | 3646 |
| Goldman Sachs Group, Inc. 3.615% 3/15/2028 (USD-SOFR + 1.846% on 3/15/2027) <sup>(f)</sup>  | 5534 | 5505 |
| Goldman Sachs Group, Inc. 4.937% 4/23/2028 (USD-SOFR + 1.319% on 4/23/2027) <sup>(f)</sup>  | 4895 | 4952 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(f)</sup>  | 20687 | 21617 |
| Goldman Sachs Group, Inc. 5.218% 4/23/2031 (USD-SOFR + 1.58% on 4/23/2030) <sup>(f)</sup>  | 14659 | 15144 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(f)</sup>  | 12107 | 12081 |
| Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041) <sup>(f)</sup>  | 3160 | 2319 |
| HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) <sup>(f)</sup>  | 14232 | 13551 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(f)</sup>  | 9437 | 8581 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(f)</sup>  | 2000 | 2064 |
| ING Groep NV 6.083% 9/11/2027 (USD-SOFR + 1.56% on 9/11/2026) <sup>(f)</sup>  | 1680 | 1703 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **176** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Intesa Sanpaolo SpA 5.71% 1/15/2026 <sup>(e)</sup>  | USD15,400 | $15408 |
| Intesa Sanpaolo SpA 3.875% 7/14/2027 <sup>(e)</sup>  | 6250 | 6235 |
| Intesa Sanpaolo SpA 3.875% 1/12/2028 <sup>(e)</sup>  | 1986 | 1973 |
| Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(e)(f)</sup>  | 5100 | 6064 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(e)</sup>  | 705 | 673 |
| JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026) <sup>(f)</sup>  | 323 | 322 |
| JPMorgan Chase & Co. 6.07% 10/22/2027 (USD-SOFR + 1.33% on 10/22/2026) <sup>(f)</sup>  | 1400 | 1422 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(f)</sup>  | 20000 | 20213 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(f)</sup>  | 2678 | 2732 |
| JPMorgan Chase & Co. 4.979% 7/22/2028 (USD-SOFR + 0.93% on 7/22/2027) <sup>(f)</sup>  | 8670 | 8805 |
| JPMorgan Chase & Co. 4.203% 7/23/2029 (3-month USD CME Term SOFR + 1.522% on 7/23/2028) <sup>(f)</sup>  | 11980 | 12022 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(f)</sup>  | 6480 | 6762 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(f)</sup>  | 10724 | 11012 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(f)</sup>  | 6549 | 6643 |
| JPMorgan Chase & Co. 5.14% 1/24/2031 (USD-SOFR + 0.90% on 1/24/2030) <sup>(f)</sup>  | 3870 | 4001 |
| JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) <sup>(f)</sup>  | 700 | 698 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(f)</sup>  | 791 | 706 |
| JPMorgan Chase & Co. 2.545% 11/8/2032 (USD-SOFR + 1.18% on 11/8/2031) <sup>(f)</sup>  | 5313 | 4796 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(f)</sup>  | 19889 | 20526 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(f)</sup>  | 51163 | 53698 |
| Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 1.70% on 10/2/2026) <sup>(f)</sup>  | 2415 | 2386 |
| KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on <br>1/19/2028) <sup>(e)(f)</sup>  | 1375 | 1420 |
| Lloyds Banking Group PLC 5.985% 8/7/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.48% on 8/7/2026) <sup>(f)</sup>  | 1625 | 1643 |
| Lloyds Banking Group PLC 5.462% 1/5/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.375% on 1/5/2027) <sup>(f)</sup>  | 200 | 203 |
| Lloyds Banking Group PLC 5.679% 1/5/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.75% on 1/5/2034) <sup>(f)</sup>  | 1979 | 2084 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 2285 | 2316 |
| Marsh & McLennan Cos., Inc. 5.35% 11/15/2044  | 250 | 245 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 2060 | 1985 |
| MetLife Capital Trust IV, junior subordinated, 7.875% 12/15/2067 (3-month USD CME Term SOFR + 4.222% <br> on 12/15/2037) <sup>(e)(f)</sup>  | 1405 | 1559 |
| MetLife, Inc. 5.375% 7/15/2033  | 1279 | 1349 |
| Metropolitan Life Global Funding I 5.40% 9/12/2028 <sup>(e)</sup>  | 840 | 870 |
| Metropolitan Life Global Funding I 4.85% 1/8/2029 <sup>(e)</sup>  | 2050 | 2093 |
| Metropolitan Life Global Funding I 5.15% 3/28/2033 <sup>(e)</sup>  | 619 | 637 |
| Mitsubishi UFJ Financial Group, Inc. 1.538% 7/20/2027 (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.75% on 7/20/2026) <sup>(f)</sup>  | 6200 | 6114 |
| Mitsubishi UFJ Financial Group, Inc. 1.64% 10/13/2027 (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.67% on 10/13/2026) <sup>(f)</sup>  | 2225 | 2185 |
| Mitsubishi UFJ Financial Group, Inc. 5.422% 2/22/2029 (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 1.38% on 2/22/2028) <sup>(f)</sup>  | 1430 | 1472 |
| Mitsubishi UFJ Financial Group, Inc. 5.133% 7/20/2033 (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 2.125% on 7/20/2032) <sup>(f)</sup>  | 763 | 784 |
| Mizuho Financial Group, Inc. 1.554% 7/9/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 0.75% on 7/9/2026) <sup>(f)</sup>  | 1367 | 1349 |
| Mizuho Financial Group, Inc. 5.778% 7/6/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.65% on 7/6/2028) <sup>(f)</sup>  | 1701 | 1769 |
| Mizuho Financial Group, Inc. 5.376% 5/26/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 1.12% on 5/26/2029) <sup>(f)</sup>  | 2020 | 2090 |
| Morgan Stanley 1.512% 7/20/2027 (USD-SOFR + 0.858% on 7/20/2026) <sup>(f)</sup>  | 13336 | 13148 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(f)</sup>  | 350 | 357 |
| Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028) <sup>(f)</sup>  | 21869 | 22369 |
| Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029) <sup>(f)</sup>  | 21784 | 22702 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(f)</sup>  | 1704 | 1725 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(f)</sup>  | 4664 | 4810 |

---

---

| | |
|:---|:---|
| **177** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) <sup>(f)</sup>  | USD3,031 | $2665 |
| Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033) <sup>(f)</sup>  | 11313 | 11773 |
| Morgan Stanley 5.32% 7/19/2035 (USD-SOFR + 1.555% on 7/19/2034) <sup>(f)</sup>  | 3069 | 3160 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(f)</sup>  | 23571 | 23371 |
| Morgan Stanley Bank, N.A. 5.882% 10/30/2026  | 2775 | 2817 |
| MSCI, Inc. 3.25% 8/15/2033 <sup>(e)</sup>  | 695 | 624 |
| NatWest Group PLC 5.847% 3/2/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on <br> 3/2/2026) <sup>(f)</sup>  | 3555 | 3565 |
| NatWest Group PLC 5.583% 3/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on <br> 3/1/2027) <sup>(f)</sup>  | 2170 | 2209 |
| Navient Corp. 5.625% 8/1/2033  | 2470 | 2260 |
| Northwestern Mutual Life Insurance Co. (The) 4.90% 6/12/2028 <sup>(e)</sup>  | 2090 | 2139 |
| OneMain Finance Corp. 7.125% 3/15/2026  | 87 | 88 |
| Piraeus Bank SA 7.25% 7/13/2028 (1-year EUR Mid-Swap + 3.692% on 7/13/2027) <sup>(f)</sup>  | EUR565 | 709 |
| Piraeus Bank SA 4.625% 7/17/2029 (1-year EUR Mid-Swap + 1.723% on 7/17/2028) <sup>(f)</sup>  | 165 | 202 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(f)</sup>  | 1345 | 1742 |
| PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028) <sup>(f)</sup>  | USD4,594 | 4766 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(f)</sup>  | 12265 | 13887 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(f)</sup>  | 635 | 670 |
| Royal Bank of Canada 4.95% 2/1/2029  | 1360 | 1397 |
| Santander Holdings USA, Inc. 6.499% 3/9/2029 (USD-SOFR + 2.356% on 3/9/2028) <sup>(f)</sup>  | 5100 | 5316 |
| Santander Holdings USA, Inc. 5.353% 9/6/2030 (USD-SOFR + 1.94% on 9/6/2029) <sup>(f)</sup>  | 3706 | 3792 |
| Standard Chartered PLC 5.905% 5/14/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.45% <br> on 5/14/2034) <sup>(e)(f)</sup>  | 546 | 577 |
| Sumitomo Mitsui Financial Group, Inc. 5.88% 7/13/2026  | 1429 | 1443 |
| Sumitomo Mitsui Financial Group, Inc. 2.174% 1/14/2027  | 1100 | 1080 |
| Sumitomo Mitsui Financial Group, Inc. 5.80% 7/13/2028  | 1045 | 1089 |
| Sumitomo Mitsui Financial Group, Inc. 5.766% 1/13/2033  | 373 | 398 |
| Sumitomo Mitsui Trust Bank, Ltd. 5.55% 9/14/2028 <sup>(e)</sup>  | 1400 | 1459 |
| Swedbank AB 6.136% 9/12/2026 <sup>(e)</sup>  | 2100 | 2131 |
| Truist Financial Corp. 6.047% 6/8/2027 (USD-SOFR + 2.05% on 6/8/2026) <sup>(f)</sup>  | 1370 | 1381 |
| Truist Financial Corp. 4.873% 1/26/2029 (USD-SOFR + 1.435% on 1/26/2028) <sup>(f)</sup>  | 2605 | 2647 |
| Truist Financial Corp. 7.161% 10/30/2029 (USD-SOFR + 2.446% on 10/30/2028) <sup>(f)</sup>  | 2396 | 2585 |
| Truist Financial Corp. 5.435% 1/24/2030 (USD-SOFR + 1.62% on 1/24/2029) <sup>(f)</sup>  | 1741 | 1803 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(f)</sup>  | 4707 | 4866 |
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(f)</sup>  | 1586 | 1688 |
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(f)</sup>  | 2440 | 2568 |
| U.S. Bancorp 4.653% 2/1/2029 (USD-SOFR + 1.23% on 2/1/2028) <sup>(f)</sup>  | 2115 | 2142 |
| U.S. Bancorp 5.384% 1/23/2030 (USD-SOFR + 1.56% on 1/23/2029) <sup>(f)</sup>  | 7300 | 7562 |
| U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033) <sup>(f)</sup>  | 2839 | 2861 |
| U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033) <sup>(f)</sup>  | 1712 | 1827 |
| UBS Group AG 1.305% 2/2/2027 (USD-SOFR + 0.98% on 2/2/2026) <sup>(e)(f)</sup>  | 11200 | 11169 |
| UBS Group AG 1.494% 8/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on <br>8/10/2026) <sup>(e)(f)</sup>  | 6623 | 6519 |
| UBS Group AG 5.428% 2/8/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on <br>2/8/2029) <sup>(e)(f)</sup>  | 17490 | 18094 |
| UBS Group AG 5.617% 9/13/2030 (1-year USD-ICE SOFR Swap + 1.34% on 9/13/2029) <sup>(e)(f)</sup>  | 14459 | 15109 |
| UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030) <sup>(e)(f)</sup>  | 9636 | 9548 |
| UBS Group AG 2.095% 2/11/2032 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on <br>2/11/2031) <sup>(e)(f)</sup>  | 1392 | 1235 |
| UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031) <sup>(e)(f)</sup>  | 20425 | 18972 |
| UBS Group AG 2.746% 2/11/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on <br>2/11/2032) <sup>(e)(f)</sup>  | 4038 | 3623 |
| UniCredit SpA 4.625% 4/12/2027 <sup>(e)</sup>  | 1395 | 1404 |
| Vigorous Champion International, Ltd. 4.25% 5/28/2029  | 462 | 462 |
| Wells Fargo & Co. 3.526% 3/24/2028 (USD-SOFR + 1.51% on 3/24/2027) <sup>(f)</sup>  | 6615 | 6573 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(f)</sup>  | 11151 | 11384 |
| Wells Fargo & Co. 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(f)</sup>  | 1003 | 980 |
| Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027) <sup>(f)</sup>  | 8357 | 8452 |
| Wells Fargo & Co. 5.574% 7/25/2029 (USD-SOFR + 1.74% on 7/25/2028) <sup>(f)</sup>  | 2545 | 2638 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **178** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(f)</sup>  | USD7,187 | $7420 |
| Wells Fargo & Co. 5.389% 4/24/2034 (USD-SOFR + 2.02% on 4/24/2033) <sup>(f)</sup>  | 6025 | 6271 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(f)</sup>  | 4062 | 4499 |
| Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052) <sup>(f)</sup>  | 5719 | 4925 |
|  |  | 1040334 |
| **Health care 4.08%** |  |  |
| AbbVie, Inc. 5.05% 3/15/2034  | 18501 | 19019 |
| AbbVie, Inc. 5.35% 3/15/2044  | 800 | 791 |
| AbbVie, Inc. 5.40% 3/15/2054  | 15770 | 15345 |
| AbbVie, Inc. 5.50% 3/15/2064  | 550 | 535 |
| Amgen, Inc. 5.15% 3/2/2028  | 5326 | 5452 |
| Amgen, Inc. 4.05% 8/18/2029  | 7429 | 7425 |
| Amgen, Inc. 2.45% 2/21/2030  | 5131 | 4787 |
| Amgen, Inc. 5.25% 3/2/2030  | 2854 | 2964 |
| Amgen, Inc. 4.20% 3/1/2033  | 8502 | 8314 |
| Amgen, Inc. 5.25% 3/2/2033  | 20793 | 21530 |
| Amgen, Inc. 4.875% 3/1/2053  | 3360 | 2960 |
| Amgen, Inc. 4.40% 2/22/2062  | 196 | 153 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 6925 | 7170 |
| Baxter International, Inc. 4.45% 2/15/2029  | 9503 | 9539 |
| Baxter International, Inc. 2.539% 2/1/2032  | 3906 | 3405 |
| Bristol-Myers Squibb Co. 5.10% 2/22/2031  | 3990 | 4156 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 22685 | 23590 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 425 | 426 |
| Bristol-Myers Squibb Co. 2.55% 11/13/2050  | 2113 | 1252 |
| Bristol-Myers Squibb Co. 3.70% 3/15/2052  | 2197 | 1616 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 12840 | 12619 |
| Centene Corp. 4.25% 12/15/2027  | 14860 | 14782 |
| Centene Corp. 2.45% 7/15/2028  | 12410 | 11630 |
| Centene Corp. 4.625% 12/15/2029  | 14945 | 14506 |
| Centene Corp. 3.375% 2/15/2030  | 15718 | 14489 |
| Cigna Group (The) 5.125% 5/15/2031  | 2095 | 2166 |
| Cigna Group (The) 5.25% 2/15/2034  | 3745 | 3858 |
| Cigna Group (The) 6.00% 1/15/2056  | 1600 | 1646 |
| CVS Health Corp. 5.125% 2/21/2030  | 1720 | 1768 |
| CVS Health Corp. 5.25% 1/30/2031  | 960 | 992 |
| CVS Health Corp. 5.55% 6/1/2031  | 3707 | 3881 |
| CVS Health Corp. 5.00% 9/15/2032  | 5853 | 5976 |
| CVS Health Corp. 5.25% 2/21/2033  | 2122 | 2185 |
| CVS Health Corp. 5.70% 6/1/2034  | 7706 | 8078 |
| CVS Health Corp. 5.45% 9/15/2035  | 4471 | 4578 |
| CVS Health Corp. 6.05% 6/1/2054  | 1995 | 1985 |
| CVS Health Corp. 6.20% 9/15/2055  | 6535 | 6640 |
| CVS Health Corp. 6.00% 6/1/2063  | 1076 | 1044 |
| Elevance Health, Inc. 4.95% 11/1/2031  | 2322 | 2377 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 7577 | 7746 |
| Elevance Health, Inc. 4.55% 5/15/2052  | 271 | 226 |
| Elevance Health, Inc. 5.125% 2/15/2053  | 784 | 710 |
| Elevance Health, Inc. 5.70% 2/15/2055  | 995 | 973 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 23057 | 23845 |
| Eli Lilly and Co. 5.50% 2/12/2055  | 7907 | 7923 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 3340 | 3511 |
| HCA, Inc. 5.20% 6/1/2028  | 4165 | 4268 |
| HCA, Inc. 2.375% 7/15/2031  | 2233 | 2005 |
| HCA, Inc. 3.625% 3/15/2032  | 2400 | 2270 |
| HCA, Inc. 4.625% 3/15/2052  | 226 | 185 |
| Humana, Inc. 5.375% 4/15/2031  | 5530 | 5719 |

---

---

| | |
|:---|:---|
| **179** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** |  |  |
| Humana, Inc. 5.55% 5/1/2035  | USD1,735 | $1772 |
| Humana, Inc. 5.75% 4/15/2054  | 954 | 902 |
| Johnson & Johnson 4.80% 6/1/2029  | 3970 | 4101 |
| Johnson & Johnson 4.90% 6/1/2031  | 4175 | 4361 |
| Merck & Co., Inc. 1.70% 6/10/2027  | 3093 | 3014 |
| Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2028  | 1375 | 1393 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 7942 | 8029 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 5622 | 5327 |
| Roche Holdings, Inc. 1.93% 12/13/2028 <sup>(e)</sup>  | 7545 | 7164 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(e)</sup>  | 765 | 763 |
| Roche Holdings, Inc. 2.607% 12/13/2051 <sup>(e)</sup>  | 645 | 395 |
| Shire Acquisitions Investments Ireland DAC 3.20% 9/23/2026  | 306 | 304 |
| Stryker Corp. 4.85% 2/10/2030  | 1235 | 1269 |
| Stryker Corp. 5.20% 2/10/2035  | 1110 | 1140 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 12074 | 12303 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 28059 | 29142 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 4431 | 4485 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 3720 | 4097 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2935 | 3383 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 725 | 761 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 26266 | 19898 |
| UnitedHealth Group, Inc. 4.80% 1/15/2030  | 395 | 405 |
| UnitedHealth Group, Inc. 2.00% 5/15/2030  | 466 | 425 |
| UnitedHealth Group, Inc. 4.95% 1/15/2032  | 1910 | 1958 |
| UnitedHealth Group, Inc. 4.20% 5/15/2032  | 1654 | 1633 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 15956 | 16348 |
| UnitedHealth Group, Inc. 3.05% 5/15/2041  | 1300 | 986 |
| UnitedHealth Group, Inc. 4.25% 6/15/2048  | 960 | 786 |
| UnitedHealth Group, Inc. 3.25% 5/15/2051  | 572 | 388 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 10472 | 10283 |
| UnitedHealth Group, Inc. 4.95% 5/15/2062  | 69 | 60 |
| Viatris, Inc. 4.00% 6/22/2050  | 1761 | 1173 |
|  |  | 463458 |
| **Consumer discretionary 3.73%** |  |  |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(e)</sup>  | 3110 | 3124 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(e)</sup>  | 335 | 331 |
| Amazon.com, Inc. 1.65% 5/12/2028  | 3860 | 3685 |
| Amazon.com, Inc. 3.45% 4/13/2029  | 600 | 593 |
| Amazon.com, Inc. 4.65% 11/20/2035  | 4048 | 4033 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 10475 | 10231 |
| Amazon.com, Inc. 3.25% 5/12/2061  | 4100 | 2625 |
| Amazon.com, Inc. 4.10% 4/13/2062  | 470 | 363 |
| Amazon.com, Inc. 5.55% 11/20/2065  | 4765 | 4626 |
| BMW US Capital, LLC 3.45% 4/1/2027 <sup>(e)</sup>  | 1075 | 1069 |
| BMW US Capital, LLC 3.70% 4/1/2032 <sup>(e)</sup>  | 1350 | 1286 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(e)</sup>  | 3500 | 3541 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(e)</sup>  | 5880 | 6042 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(e)</sup>  | 4115 | 4251 |
| Ford Motor Co. 3.25% 2/12/2032  | 620 | 547 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 855 | 857 |
| Ford Motor Credit Co., LLC 6.95% 6/10/2026  | 755 | 762 |
| Ford Motor Credit Co., LLC 5.125% 11/5/2026  | 4795 | 4822 |
| Ford Motor Credit Co., LLC 4.271% 1/9/2027  | 13882 | 13815 |
| Ford Motor Credit Co., LLC 5.80% 3/5/2027  | 3145 | 3185 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 1940 | 1971 |
| Ford Motor Credit Co., LLC 4.125% 8/17/2027  | 37170 | 36884 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 3990 | 3931 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **180** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** |  |  |
| Ford Motor Credit Co., LLC 7.35% 11/4/2027  | USD1,674 | $1748 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 24035 | 24608 |
| Ford Motor Credit Co., LLC 6.80% 5/12/2028  | 2030 | 2119 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 762 | 800 |
| Ford Motor Credit Co., LLC 2.90% 2/10/2029  | 1065 | 1001 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 6740 | 6889 |
| Ford Motor Credit Co., LLC 5.113% 5/3/2029  | 9854 | 9872 |
| Ford Motor Credit Co., LLC 5.303% 9/6/2029  | 5407 | 5452 |
| Ford Motor Credit Co., LLC 7.35% 3/6/2030  | 10668 | 11454 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 1015 | 1089 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 18420 | 17402 |
| Ford Motor Credit Co., LLC 6.05% 3/5/2031  | 12074 | 12420 |
| Ford Motor Credit Co., LLC 3.625% 6/17/2031  | 3037 | 2784 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 19460 | 19961 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 3167 | 3403 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 12096 | 12297 |
| General Motors Financial Co., Inc. 1.50% 6/10/2026  | 6712 | 6637 |
| General Motors Financial Co., Inc. 2.35% 2/26/2027  | 9771 | 9579 |
| General Motors Financial Co., Inc. 5.45% 7/15/2030  | 8013 | 8324 |
| General Motors Financial Co., Inc. 5.625% 4/4/2032  | 1201 | 1251 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 2888 | 3013 |
| Home Depot, Inc. 2.95% 6/15/2029  | 1966 | 1903 |
| Home Depot, Inc. 4.85% 6/25/2031  | 2559 | 2647 |
| Home Depot, Inc. 4.95% 6/25/2034  | 4749 | 4859 |
| Home Depot, Inc. 4.50% 12/6/2048  | 1915 | 1655 |
| Home Depot, Inc. 5.30% 6/25/2054  | 2234 | 2138 |
| Hyatt Hotels Corp. 5.05% 3/30/2028  | 8567 | 8728 |
| Hyundai Capital America 1.30% 1/8/2026 <sup>(e)</sup>  | 6000 | 5997 |
| Hyundai Capital America 5.50% 3/30/2026 <sup>(e)</sup>  | 705 | 707 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(e)</sup>  | 7475 | 7390 |
| Hyundai Capital America 1.65% 9/17/2026 <sup>(e)</sup>  | 7275 | 7158 |
| Hyundai Capital America 3.00% 2/10/2027 <sup>(e)</sup>  | 9000 | 8903 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(e)</sup>  | 1650 | 1678 |
| Hyundai Capital America 2.375% 10/15/2027 <sup>(e)</sup>  | 7543 | 7325 |
| Hyundai Capital America 5.60% 3/30/2028 <sup>(e)</sup>  | 1385 | 1426 |
| Hyundai Capital America 5.30% 6/24/2029 <sup>(e)</sup>  | 1523 | 1568 |
| Hyundai Capital America 5.15% 3/27/2030 <sup>(e)</sup>  | 25720 | 26370 |
| Hyundai Capital America 5.40% 6/24/2031 <sup>(e)</sup>  | 3365 | 3484 |
| Hyundai Capital Services, Inc. 1.25% 2/8/2026 <sup>(e)</sup>  | 3695 | 3684 |
| Marriott International, Inc. 5.00% 10/15/2027  | 4470 | 4549 |
| Marriott International, Inc. 4.90% 4/15/2029  | 653 | 668 |
| Marriott International, Inc. 5.35% 3/15/2035  | 1365 | 1405 |
| McDonald's Corp. 5.00% 5/17/2029  | 1305 | 1344 |
| McDonald's Corp. 4.95% 3/3/2035  | 786 | 797 |
| McDonald's Corp. 4.45% 3/1/2047  | 3535 | 3027 |
| McDonald's Corp. 3.625% 9/1/2049  | 2938 | 2165 |
| Nissan Motor Co., Ltd. 4.81% 9/17/2030 <sup>(e)</sup>  | 267 | 252 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(e)</sup>  | 8860 | 9423 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 10252 | 10299 |
| Sands China, Ltd. 2.30% 3/8/2027  | 2368 | 2314 |
| Toyota Motor Credit Corp. 3.375% 4/1/2030  | 4954 | 4824 |
| Toyota Motor Credit Corp. 4.55% 5/17/2030  | 1625 | 1655 |
| Toyota Motor Credit Corp. 5.55% 11/20/2030  | 690 | 732 |
| Travel + Leisure Co. 6.625% 7/31/2026 <sup>(e)</sup>  | 675 | 682 |
| Volkswagen Group of America Finance, LLC 4.95% 8/15/2029 <sup>(e)</sup>  | 1635 | 1657 |
| Volkswagen Group of America Finance, LLC 6.45% 11/16/2030 <sup>(e)</sup>  | 5190 | 5577 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(e)</sup>  | 410 | 413 |
|  |  | 424080 |

---

---

| | |
|:---|:---|
| **181** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities 3.30%** |  |  |
| AEP Texas, Inc. 3.45% 5/15/2051  | USD1,380 | $937 |
| AEP Transmission Co., LLC 5.375% 6/15/2035  | 1075 | 1111 |
| Alabama Power Co. 3.00% 3/15/2052  | 3219 | 2095 |
| Alfa Transmisora De Energia SA 4.55% 9/27/2051 <sup>(e)</sup>  | 410 | 331 |
| Baltimore Gas and Electric Co. 4.55% 6/1/2052  | 525 | 445 |
| Berkshire Hathaway Energy Co. 4.50% 2/1/2045  | 5895 | 5127 |
| Berkshire Hathaway Energy Co. 4.60% 5/1/2053  | 1017 | 857 |
| Cleveland Electric Illuminating Co. (The) 3.50% 4/1/2028 <sup>(e)</sup>  | 2400 | 2361 |
| Comision Federal de Electricidad 4.688% 5/15/2029 <sup>(e)</sup>  | 3655 | 3623 |
| Connecticut Light and Power Co. (The) 2.05% 7/1/2031  | 1775 | 1581 |
| DTE Energy Co. 5.10% 3/1/2029  | 7900 | 8098 |
| DTE Energy Co. 3.00% 3/1/2032  | 259 | 240 |
| Duke Energy Carolinas, LLC 5.35% 1/15/2053  | 332 | 320 |
| Duke Energy Florida, LLC 5.875% 11/15/2033  | 370 | 400 |
| Duke Energy Florida, LLC 3.40% 10/1/2046  | 5669 | 4158 |
| Duke Energy Florida, LLC 3.00% 12/15/2051  | 293 | 191 |
| Duke Energy Florida, LLC 5.95% 11/15/2052  | 575 | 597 |
| Duke Energy Progress, LLC 3.70% 9/1/2028  | 3750 | 3738 |
| Duke Energy Progress, LLC 2.00% 8/15/2031  | 1775 | 1577 |
| Duke Energy Progress, LLC 2.50% 8/15/2050  | 644 | 377 |
| Edison International 4.125% 3/15/2028  | 6768 | 6696 |
| Edison International 6.95% 11/15/2029  | 1575 | 1678 |
| Electricite de France SA 5.65% 4/22/2029 <sup>(e)</sup>  | 1420 | 1479 |
| Electricite de France SA 2.625% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.86% on <br> 6/1/2028) <sup>(f)</sup>  | EUR2,800 | 3217 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate <br>T Note Constant Maturity + 5.411% on 6/15/2033) <sup>(e)(f)</sup>  | USD1,575 | 1838 |
| Emera US Finance, LP 2.639% 6/15/2031  | 4400 | 3984 |
| ENN Clean Energy International Investment, Ltd. 3.375% 5/12/2026 <sup>(e)</sup>  | 1310 | 1302 |
| Entergy Louisiana, LLC 4.20% 9/1/2048  | 5637 | 4561 |
| Eversource Energy 5.00% 1/1/2027  | 3415 | 3446 |
| FirstEnergy Corp. 2.25% 9/1/2030  | 12602 | 11418 |
| Florida Power & Light Co. 4.40% 5/15/2028  | 1655 | 1677 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 7431 | 7711 |
| Florida Power & Light Co. 4.80% 5/15/2033  | 2929 | 2987 |
| Florida Power & Light Co. 5.30% 4/1/2053  | 1255 | 1203 |
| Georgia Power Co. 4.95% 5/17/2033  | 1845 | 1882 |
| Georgia Power Co. 5.25% 3/15/2034  | 3200 | 3305 |
| Georgia Power Co. 3.70% 1/30/2050  | 190 | 143 |
| Jersey Central Power & Light Co. 2.75% 3/1/2032 <sup>(e)</sup>  | 525 | 472 |
| NiSource, Inc. 5.40% 6/30/2033  | 650 | 675 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 27543 | 27543 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 10850 | 10824 |
| Pacific Gas and Electric Co. 2.10% 8/1/2027  | 2026 | 1965 |
| Pacific Gas and Electric Co. 3.30% 12/1/2027  | 7105 | 7000 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 2542 | 2466 |
| Pacific Gas and Electric Co. 3.75% 7/1/2028  | 13760 | 13595 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 7900 | 7960 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 35449 | 35312 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 21597 | 19464 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 11619 | 12552 |
| Pacific Gas and Electric Co. 6.95% 3/15/2034  | 1294 | 1440 |
| Pacific Gas and Electric Co. 5.80% 5/15/2034  | 3581 | 3721 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 10340 | 7854 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 15807 | 10679 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 2410 | 2321 |
| PacifiCorp 3.30% 3/15/2051  | 325 | 209 |
| PacifiCorp 2.90% 6/15/2052  | 586 | 344 |
| PacifiCorp 5.80% 1/15/2055  | 7735 | 7224 |
| PECO Energy Co. 5.25% 9/15/2054  | 1775 | 1680 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **182** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** |  |  |
| Public Service Electric and Gas Co. 3.20% 5/15/2029  | USD6,000 | $5850 |
| Public Service Electric and Gas Co. 5.20% 8/1/2033  | 1200 | 1246 |
| Public Service Electric and Gas Co. 5.50% 3/1/2055  | 1503 | 1476 |
| Southern California Edison Co. 4.90% 6/1/2026  | 1177 | 1179 |
| Southern California Edison Co. 3.65% 3/1/2028  | 225 | 222 |
| Southern California Edison Co. 5.30% 3/1/2028  | 3601 | 3679 |
| Southern California Edison Co. 4.20% 3/1/2029  | 7286 | 7244 |
| Southern California Edison Co. 2.85% 8/1/2029  | 7498 | 7112 |
| Southern California Edison Co. 5.25% 3/15/2030  | 19378 | 19884 |
| Southern California Edison Co. 2.50% 6/1/2031  | 5044 | 4527 |
| Southern California Edison Co. 5.45% 6/1/2031  | 8795 | 9106 |
| Southern California Edison Co. 5.20% 6/1/2034  | 5196 | 5226 |
| Southern California Edison Co. 5.45% 3/1/2035  | 1845 | 1872 |
| Southern California Edison Co. 5.75% 4/1/2035  | 4549 | 4702 |
| Southern California Edison Co. 5.35% 7/15/2035  | 6450 | 6496 |
| Southern California Edison Co. 5.625% 2/1/2036  | 7051 | 7138 |
| Southern California Edison Co. 3.60% 2/1/2045  | 2417 | 1748 |
| Southern California Edison Co. 2.95% 2/1/2051  | 738 | 451 |
| Southwestern Electric Power Co. 1.65% 3/15/2026  | 3550 | 3531 |
| Southwestern Electric Power Co. 3.25% 11/1/2051  | 2075 | 1372 |
| Virginia Electric & Power 2.40% 3/30/2032  | 2575 | 2294 |
| Wisconsin Power and Light Co. 1.95% 9/16/2031  | 525 | 461 |
| Wisconsin Power and Light Co. 3.65% 4/1/2050  | 1075 | 785 |
| Wisconsin Public Service Corp. 2.85% 12/1/2051  | 375 | 238 |
| Xcel Energy, Inc. 5.50% 3/15/2034  | 4230 | 4370 |
|  |  | 374200 |
| **Communication services 2.48%** |  |  |
| Alphabet, Inc. 4.70% 11/15/2035  | 2576 | 2578 |
| Alphabet, Inc. 5.35% 11/15/2045  | 2455 | 2441 |
| Alphabet, Inc. 5.45% 11/15/2055  | 5534 | 5433 |
| Alphabet, Inc. 5.70% 11/15/2075  | 6080 | 5989 |
| AT&T, Inc. 1.70% 3/25/2026  | 17807 | 17718 |
| AT&T, Inc. 1.65% 2/1/2028  | 4700 | 4481 |
| AT&T, Inc. 4.30% 2/15/2030  | 15940 | 15966 |
| AT&T, Inc. 2.55% 12/1/2033  | 12748 | 10884 |
| AT&T, Inc. 5.40% 2/15/2034  | 442 | 458 |
| AT&T, Inc. 4.50% 5/15/2035  | 174 | 167 |
| CCO Holdings, LLC 5.125% 5/1/2027 <sup>(e)</sup>  | 9505 | 9497 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(e)</sup>  | 1265 | 1157 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(e)</sup>  | 3875 | 3299 |
| Charter Communications Operating, LLC 6.10% 6/1/2029  | 1360 | 1420 |
| Charter Communications Operating, LLC 2.80% 4/1/2031  | 6057 | 5453 |
| Charter Communications Operating, LLC 4.40% 4/1/2033  | 1092 | 1029 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 1302 | 1299 |
| Charter Communications Operating, LLC 5.75% 4/1/2048  | 5000 | 4270 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 5134 | 3860 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 2519 | 1592 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 6148 | 3974 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 1065 | 844 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 1058 | 1015 |
| Comcast Corp. 3.15% 2/15/2028  | 7200 | 7088 |
| Comcast Corp. 4.55% 1/15/2029  | 1610 | 1636 |
| Comcast Corp. 4.80% 5/15/2033  | 1841 | 1857 |
| Comcast Corp. 2.887% 11/1/2051  | 18 | 11 |
| Comcast Corp. 5.65% 6/1/2054  | 3313 | 3108 |
| Comcast Corp. 5.50% 5/15/2064  | 250 | 224 |
| Discovery Communications, LLC 3.625% 5/15/2030  | 1125 | 979 |

---

---

| | |
|:---|:---|
| **183** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Communication services (continued)** |  |  |
| Meta Platforms, Inc. 4.20% 11/15/2030  | USD152 | $152 |
| Meta Platforms, Inc. 4.60% 11/15/2032  | 11473 | 11569 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 13299 | 13286 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 4233 | 4113 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 9090 | 8731 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 4352 | 4155 |
| News Corp. 5.125% 2/15/2032 <sup>(e)</sup>  | 1300 | 1282 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(e)</sup>  | 6741 | 6596 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(e)</sup>  | 675 | 661 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(e)</sup>  | 12000 | 11059 |
| T-Mobile USA, Inc. 2.625% 4/15/2026  | 4416 | 4399 |
| T-Mobile USA, Inc. 3.75% 4/15/2027  | 5000 | 4986 |
| T-Mobile USA, Inc. 4.95% 3/15/2028  | 705 | 719 |
| T-Mobile USA, Inc. 4.80% 7/15/2028  | 175 | 178 |
| T-Mobile USA, Inc. 4.85% 1/15/2029  | 2725 | 2784 |
| T-Mobile USA, Inc. 3.875% 4/15/2030  | 4500 | 4426 |
| T-Mobile USA, Inc. 2.875% 2/15/2031  | 14691 | 13643 |
| T-Mobile USA, Inc. 5.125% 5/15/2032  | 4970 | 5117 |
| T-Mobile USA, Inc. 5.05% 7/15/2033  | 832 | 849 |
| T-Mobile USA, Inc. 5.75% 1/15/2034  | 730 | 775 |
| T-Mobile USA, Inc. 3.00% 2/15/2041  | 2100 | 1566 |
| T-Mobile USA, Inc. 6.00% 6/15/2054  | 920 | 940 |
| T-Mobile USA, Inc. 5.50% 1/15/2055  | 406 | 385 |
| Verizon Communications, Inc. 1.75% 1/20/2031  | 9144 | 8053 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 5047 | 4611 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 4786 | 4219 |
| Verizon Communications, Inc. 4.75% 1/15/2033  | 7614 | 7610 |
| Verizon Communications, Inc. 4.78% 2/15/2035  | 1552 | 1529 |
| Verizon Communications, Inc. 3.55% 3/22/2051  | 625 | 444 |
| Verizon Communications, Inc. 3.875% 3/1/2052  | 4006 | 2970 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 356 | 354 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 22605 | 19871 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 12281 | 8674 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 1030 | 681 |
| ZipRecruiter, Inc. 5.00% 1/15/2030 <sup>(e)</sup>  | 490 | 385 |
|  |  | 281499 |
| **Industrials 1.78%** |  |  |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(e)</sup>  | 510 | 499 |
| Aeropuerto Internacional de Tocumen SA 4.00% 8/11/2041 <sup>(e)</sup>  | 730 | 613 |
| Aeropuerto Internacional de Tocumen SA 5.125% 8/11/2061 <sup>(e)</sup>  | 565 | 460 |
| Air Lease Corp. 2.875% 1/15/2026  | 10172 | 10167 |
| Air Lease Corp. 2.20% 1/15/2027  | 4341 | 4254 |
| Air Lease Corp. 5.20% 7/15/2031  | 3650 | 3711 |
| BAE Systems PLC 5.00% 3/26/2027 <sup>(e)</sup>  | 1200 | 1215 |
| BAE Systems PLC 5.125% 3/26/2029 <sup>(e)</sup>  | 3482 | 3584 |
| BAE Systems PLC 5.25% 3/26/2031 <sup>(e)</sup>  | 2156 | 2242 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(e)</sup>  | 570 | 590 |
| Boeing Co. (The) 2.75% 2/1/2026  | 11211 | 11198 |
| Boeing Co. (The) 2.196% 2/4/2026  | 9781 | 9763 |
| Boeing Co. (The) 2.70% 2/1/2027  | 6473 | 6382 |
| Boeing Co. (The) 5.04% 5/1/2027  | 13539 | 13683 |
| Boeing Co. (The) 6.259% 5/1/2027  | 4214 | 4326 |
| Boeing Co. (The) 3.25% 2/1/2028  | 11810 | 11618 |
| Boeing Co. (The) 3.25% 3/1/2028  | 1925 | 1891 |
| Boeing Co. (The) 6.298% 5/1/2029  | 1507 | 1600 |
| Boeing Co. (The) 5.15% 5/1/2030  | 25342 | 26048 |
| Boeing Co. (The) 3.625% 2/1/2031  | 751 | 722 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **184** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** |  |  |
| Boeing Co. (The) 6.388% 5/1/2031  | USD5,632 | $6114 |
| Boeing Co. (The) 6.528% 5/1/2034  | 1381 | 1528 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 578 | 434 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 1801 | 1196 |
| CK Hutchison International (23), Ltd. 4.75% 4/21/2028 <sup>(e)</sup>  | 1260 | 1280 |
| CSX Corp. 4.10% 11/15/2032  | 1886 | 1852 |
| CSX Corp. 5.20% 11/15/2033  | 1333 | 1388 |
| CSX Corp. 4.50% 11/15/2052  | 4470 | 3797 |
| General Dynamics Corp. 3.75% 5/15/2028  | 479 | 480 |
| General Dynamics Corp. 3.625% 4/1/2030  | 387 | 380 |
| L3Harris Technologies, Inc. 5.40% 7/31/2033  | 1126 | 1173 |
| LG Energy Solution, Ltd. 5.25% 4/2/2028 <sup>(e)</sup>  | 13205 | 13464 |
| MISC Capital Two (Labuan), Ltd. 3.75% 4/6/2027 <sup>(e)</sup>  | 2690 | 2674 |
| Norfolk Southern Corp. 5.05% 8/1/2030  | 1734 | 1798 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 1458 | 1394 |
| Northrop Grumman Corp. 4.70% 3/15/2033  | 2909 | 2938 |
| Northrop Grumman Corp. 4.95% 3/15/2053  | 1124 | 1014 |
| Republic Services, Inc. 2.375% 3/15/2033  | 1635 | 1428 |
| Republic Services, Inc. 5.00% 4/1/2034  | 15 | 15 |
| RTX Corp. 5.75% 11/8/2026  | 550 | 558 |
| RTX Corp. 3.125% 5/4/2027  | 4551 | 4505 |
| RTX Corp. 4.125% 11/16/2028  | 4974 | 4995 |
| RTX Corp. 5.75% 1/15/2029  | 410 | 429 |
| RTX Corp. 6.00% 3/15/2031  | 550 | 593 |
| RTX Corp. 2.375% 3/15/2032  | 451 | 403 |
| RTX Corp. 6.10% 3/15/2034  | 401 | 439 |
| RTX Corp. 2.82% 9/1/2051  | 665 | 415 |
| RTX Corp. 3.03% 3/15/2052  | 1190 | 777 |
| RTX Corp. 6.40% 3/15/2054  | 1006 | 1108 |
| Summit Digitel Infrastructure Pvt, Ltd. 2.875% 8/12/2031 <sup>(e)</sup>  | 2550 | 2319 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(e)</sup>  | 2405 | 2497 |
| Triton Container International, Ltd. 3.15% 6/15/2031 <sup>(e)</sup>  | 2482 | 2240 |
| Union Pacific Corp. 2.15% 2/5/2027  | 2213 | 2174 |
| Union Pacific Corp. 2.40% 2/5/2030  | 4454 | 4173 |
| Union Pacific Corp. 2.375% 5/20/2031  | 2298 | 2108 |
| Union Pacific Corp. 2.80% 2/14/2032  | 5244 | 4824 |
| Union Pacific Corp. 5.10% 2/20/2035  | 2104 | 2172 |
| Union Pacific Corp. 2.95% 3/10/2052  | 1405 | 898 |
| Union Pacific Corp. 5.60% 12/1/2054  | 470 | 469 |
| Waste Management, Inc. 1.50% 3/15/2031  | 419 | 366 |
| Waste Management, Inc. 4.80% 3/15/2032  | 4135 | 4234 |
|  |  | 201609 |
| **Energy 1.64%** |  |  |
| Antero Resources Corp. 5.375% 3/1/2030 <sup>(e)</sup>  | 280 | 284 |
| APA Corp. 4.25% 1/15/2030  | 2465 | 2423 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(e)</sup>  | 395 | 409 |
| Baker Hughes Holdings, LLC 2.061% 12/15/2026  | 1136 | 1117 |
| Cenovus Energy, Inc. 2.65% 1/15/2032  | 2969 | 2640 |
| Cenovus Energy, Inc. 5.25% 6/15/2037  | 289 | 281 |
| Cenovus Energy, Inc. 3.75% 2/15/2052  | 19 | 13 |
| Chevron Corp. 2.954% 5/16/2026  | 3365 | 3355 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(e)</sup>  | 22400 | 23266 |
| Columbia Pipelines Operating Co., LLC 5.927% 8/15/2030 <sup>(e)</sup>  | 268 | 284 |
| Devon Energy Corp. 5.75% 9/15/2054  | 2068 | 1902 |
| Ecopetrol SA 8.875% 1/13/2033  | 15325 | 16377 |
| Energy Transfer, LP 5.25% 7/1/2029  | 979 | 1008 |
| Energy Transfer, LP 6.40% 12/1/2030  | 479 | 518 |

---

---

| | |
|:---|:---|
| **185** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Enterprise Products Operating, LLC 4.60% 1/15/2031  | USD5,332 | $5399 |
| Enterprise Products Operating, LLC 4.95% 2/15/2035  | 1465 | 1483 |
| EOG Resources, Inc. 5.95% 7/15/2055  | 5080 | 5177 |
| Equinor ASA 3.625% 9/10/2028  | 4928 | 4916 |
| Equinor ASA 3.125% 4/6/2030  | 20000 | 19285 |
| Equinor ASA 3.25% 11/18/2049  | 5687 | 3970 |
| Exxon Mobil Corp. 3.043% 3/1/2026  | 4625 | 4619 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 6510 | 4676 |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(e)</sup>  | 7490 | 7844 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(e)</sup>  | 1470 | 1503 |
| Occidental Petroleum Corp. 6.625% 9/1/2030  | 5120 | 5516 |
| Occidental Petroleum Corp. 5.55% 10/1/2034  | 5200 | 5307 |
| Odebrecht Drilling Services, LLC 7.50% 6/15/2030 <sup>(e)</sup>  | 6 | 6 |
| Oleoducto Central SA 4.00% 7/14/2027 <sup>(e)</sup>  | 1715 | 1693 |
| Oleoducto Central SA 4.00% 7/14/2027  | 350 | 346 |
| Petroleos Mexicanos 6.50% 1/23/2029  | 22614 | 22990 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 14185 | 15216 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 11164 | 11344 |
| Shell Finance US, Inc. 2.75% 4/6/2030  | 377 | 358 |
| South Bow USA Infrastructure Holdings, LLC 4.911% 9/1/2027  | 809 | 817 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(e)</sup>  | 595 | 600 |
| TotalEnergies Capital International SA 3.455% 2/19/2029  | 885 | 872 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 6805 | 6400 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(e)</sup>  | 2395 | 2448 |
|  |  | 186662 |
| **Consumer staples 1.60%** |  |  |
| Altria Group, Inc. 4.40% 2/14/2026  | 4585 | 4585 |
| Altria Group, Inc. 4.875% 2/4/2028  | 1330 | 1352 |
| Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049  | 4715 | 4710 |
| BAT Capital Corp. 3.557% 8/15/2027  | 9271 | 9206 |
| BAT Capital Corp. 2.259% 3/25/2028  | 2353 | 2265 |
| BAT Capital Corp. 6.343% 8/2/2030  | 2210 | 2391 |
| BAT Capital Corp. 4.742% 3/16/2032  | 2675 | 2701 |
| BAT Capital Corp. 5.35% 8/15/2032  | 18664 | 19427 |
| BAT Capital Corp. 6.421% 8/2/2033  | 4665 | 5153 |
| BAT Capital Corp. 5.625% 8/15/2035  | 12170 | 12684 |
| BAT Capital Corp. 7.079% 8/2/2043  | 1323 | 1492 |
| BAT Capital Corp. 5.65% 3/16/2052  | 120 | 114 |
| BAT International Finance PLC 1.668% 3/25/2026  | 4070 | 4048 |
| BAT International Finance PLC 4.448% 3/16/2028  | 2925 | 2949 |
| Constellation Brands, Inc. 3.50% 5/9/2027  | 7500 | 7449 |
| Constellation Brands, Inc. 4.35% 5/9/2027  | 890 | 894 |
| Constellation Brands, Inc. 4.80% 5/1/2030  | 1618 | 1646 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 1487 | 1320 |
| Constellation Brands, Inc. 4.75% 5/9/2032  | 1978 | 1987 |
| Constellation Brands, Inc. 4.90% 5/1/2033  | 2807 | 2822 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(e)</sup>  | 2726 | 2753 |
| H.J. Heinz Co. 4.875% 10/1/2049  | 2725 | 2346 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(e)</sup>  | 24345 | 24547 |
| Indofood CBP Sukses Makmur Tbk PT 3.398% 6/9/2031  | 3110 | 2926 |
| Indofood CBP Sukses Makmur Tbk PT 4.745% 6/9/2051  | 685 | 589 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(e)</sup>  | 4670 | 4774 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(e)</sup>  | 3640 | 3753 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(e)</sup>  | 15670 | 16112 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(e)</sup>  | 2371 | 2391 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(e)</sup>  | 13235 | 13193 |
| Mondelez International, Inc. 4.75% 8/28/2034  | 5520 | 5509 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **186** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer staples (continued)** |  |  |
| Philip Morris International, Inc. 5.25% 9/7/2028  | USD2,800 | $2894 |
| Philip Morris International, Inc. 5.125% 2/15/2030  | 982 | 1015 |
| Philip Morris International, Inc. 5.50% 9/7/2030  | 4565 | 4805 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 830 | 848 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 1644 | 1720 |
| Walmart, Inc. 4.90% 4/28/2035  | 1013 | 1042 |
| Walmart, Inc. 4.50% 4/15/2053  | 1416 | 1253 |
|  |  | 181665 |
| **Information technology 1.06%** |  |  |
| Analog Devices, Inc. 2.10% 10/1/2031  | 270 | 240 |
| Analog Devices, Inc. 5.05% 4/1/2034  | 717 | 741 |
| Analog Devices, Inc. 2.80% 10/1/2041  | 521 | 385 |
| Broadcom, Inc. 5.05% 7/12/2027  | 2545 | 2592 |
| Broadcom, Inc. 4.00% 4/15/2029 <sup>(e)</sup>  | 609 | 607 |
| Broadcom, Inc. 5.05% 7/12/2029  | 2177 | 2242 |
| Broadcom, Inc. 5.15% 11/15/2031  | 5186 | 5383 |
| Broadcom, Inc. 4.15% 4/15/2032 <sup>(e)</sup>  | 630 | 617 |
| Broadcom, Inc. 3.469% 4/15/2034  | 11652 | 10628 |
| Broadcom, Inc. 4.80% 10/15/2034  | 1063 | 1065 |
| Broadcom, Inc. 3.137% 11/15/2035 <sup>(e)</sup>  | 847 | 730 |
| Broadcom, Inc. 4.926% 5/15/2037 <sup>(e)</sup>  | 2879 | 2843 |
| Cisco Systems, Inc. 4.95% 2/26/2031  | 991 | 1028 |
| Cisco Systems, Inc. 5.05% 2/26/2034  | 843 | 868 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 2675 | 2750 |
| Cisco Systems, Inc. 5.30% 2/26/2054  | 784 | 752 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(e)</sup>  | 1300 | 1339 |
| Intel Corp. 3.05% 8/12/2051  | 1530 | 942 |
| Intel Corp. 5.60% 2/21/2054  | 7880 | 7280 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 4350 | 4441 |
| Oracle Corp. 1.65% 3/25/2026  | 4867 | 4837 |
| Oracle Corp. 4.80% 8/3/2028  | 615 | 618 |
| Oracle Corp. 4.45% 9/26/2030  | 2610 | 2554 |
| Oracle Corp. 5.25% 2/3/2032  | 1340 | 1340 |
| Oracle Corp. 4.80% 9/26/2032  | 5105 | 4930 |
| Oracle Corp. 5.50% 8/3/2035  | 2374 | 2327 |
| Oracle Corp. 5.20% 9/26/2035  | 6715 | 6436 |
| Oracle Corp. 5.875% 9/26/2045  | 2800 | 2530 |
| Oracle Corp. 6.00% 8/3/2055  | 5970 | 5269 |
| Oracle Corp. 5.95% 9/26/2055  | 9220 | 8175 |
| Oracle Corp. 6.10% 9/26/2065  | 2295 | 2026 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 1813 | 1827 |
| Synopsys, Inc. 5.15% 4/1/2035  | 21470 | 21829 |
| Synopsys, Inc. 5.70% 4/1/2055  | 8055 | 7999 |
|  |  | 120170 |
| **Materials 0.72%** |  |  |
| Air Products and Chemicals, Inc. 2.70% 5/15/2040  | 2911 | 2192 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 138 | 143 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 4050 | 4134 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033 <sup>(e)</sup>  | 700 | 272 |
| Celanese US Holdings, LLC 6.665% 7/15/2027  | 6297 | 6495 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 3575 | 3743 |
| Celanese US Holdings, LLC 6.83% 7/15/2029  | 13862 | 14553 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 4530 | 4777 |
| Celanese US Holdings, LLC 6.879% 7/15/2032  | 800 | 833 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 1031 | 1090 |

---

---

| | |
|:---|:---|
| **187** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Materials (continued)** |  |  |
| Chevron Phillips Chemical Co., LLC 4.75% 5/15/2030 <sup>(e)</sup>  | USD834 | $845 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(e)</sup>  | 7250 | 7653 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 129 | 128 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 66 | 66 |
| Dow Chemical Co. (The) 5.55% 11/30/2048  | 142 | 125 |
| Dow Chemical Co. (The) 6.90% 5/15/2053  | 62 | 64 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 764 | 665 |
| LYB International Finance III, LLC 5.125% 1/15/2031  | 469 | 471 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 745 | 737 |
| LYB International Finance III, LLC 5.875% 1/15/2036  | 5210 | 5188 |
| NOVA Chemicals Corp. 8.50% 11/15/2028 <sup>(e)</sup>  | 205 | 215 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(e)</sup>  | 300 | 294 |
| POSCO 5.75% 1/17/2028 <sup>(e)</sup>  | 745 | 768 |
| Rio Tinto Finance (USA) PLC 4.875% 3/14/2030  | 25776 | 26494 |
|  |  | 81945 |
| **Real estate 0.66%** |  |  |
| American Tower Corp. 3.65% 3/15/2027  | 1375 | 1370 |
| Boston Properties, LP 2.90% 3/15/2030  | 4630 | 4346 |
| Boston Properties, LP 3.25% 1/30/2031  | 463 | 435 |
| Boston Properties, LP 2.55% 4/1/2032  | 1674 | 1462 |
| Boston Properties, LP 2.45% 10/1/2033  | 1335 | 1105 |
| Boston Properties, LP 6.50% 1/15/2034  | 10849 | 11689 |
| Boston Properties, LP 5.75% 1/15/2035  | 11874 | 12219 |
| COPT Defense Properties, LP 2.00% 1/15/2029  | 1139 | 1064 |
| COPT Defense Properties, LP 2.75% 4/15/2031  | 1547 | 1412 |
| COPT Defense Properties, LP 2.90% 12/1/2033  | 564 | 482 |
| Corp. Inmobiliaria Vesta, SAB de CV, 3.625% 5/13/2031 <sup>(e)</sup>  | 395 | 368 |
| Crown Castle, Inc. 5.00% 1/11/2028  | 4874 | 4953 |
| FibraSOMA 4.375% 7/22/2031 <sup>(e)</sup>  | 1475 | 1301 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(e)</sup>  | 1755 | 1763 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(e)</sup>  | 2755 | 2680 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(e)</sup>  | 3135 | 2987 |
| Iron Mountain, Inc. 5.25% 3/15/2028 <sup>(e)</sup>  | 3020 | 3038 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(e)</sup>  | 675 | 667 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 2097 | 2147 |
| Ladder Capital Finance Holdings LLLP 7.00% 7/15/2031 <sup>(e)</sup>  | 4683 | 4969 |
| Prologis, LP 4.875% 6/15/2028  | 1040 | 1066 |
| Prologis, LP 4.75% 6/15/2033  | 1409 | 1423 |
| Prologis, LP 5.125% 1/15/2034  | 6175 | 6350 |
| Prologis, LP 5.00% 3/15/2034  | 360 | 367 |
| Prologis, LP 5.25% 6/15/2053  | 117 | 112 |
| Service Properties Trust 3.95% 1/15/2028  | 1710 | 1616 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(e)</sup>  | 3040 | 3199 |
|  |  | 74590 |
| **Total corporate bonds and notes** |  | 3430212 |
| **U.S. Treasury bonds & notes 24.98%** | **U.S. Treasury bonds & notes 24.98%** | **U.S. Treasury bonds & notes 24.98%** |
| **U.S. Treasury 24.19%** |  |  |
| U.S. Treasury 3.625% 5/15/2026  | 1926 | 1927 |
| U.S. Treasury 4.625% 6/30/2026  | 198 | 199 |
| U.S. Treasury 4.375% 7/31/2026  | 271 | 272 |
| U.S. Treasury 0.75% 8/31/2026  | 8871 | 8710 |
| U.S. Treasury 4.625% 11/15/2026  | 3589 | 3621 |
| U.S. Treasury 4.00% 1/15/2027  | 3741 | 3759 |
| U.S. Treasury 1.875% 2/28/2027  | 4000 | 3926 |
| U.S. Treasury 2.625% 5/31/2027  | 43530 | 43009 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **188** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** |  |  |
| U.S. Treasury 2.25% 11/15/2027  | USD105,830 | $103496 |
| U.S. Treasury 6.125% 11/15/2027  | 24000 | 25141 |
| U.S. Treasury 3.375% 11/30/2027  | 241 | 240 |
| U.S. Treasury 3.375% 12/31/2027  | 477291 | 476377 |
| U.S. Treasury 1.125% 2/29/2028  | 9895 | 9412 |
| U.S. Treasury 4.00% 2/29/2028  | 4750 | 4800 |
| U.S. Treasury 3.625% 3/31/2028  | 13 | 13 |
| U.S. Treasury 1.00% 7/31/2028  | 5630 | 5283 |
| U.S. Treasury 1.125% 8/31/2028  | 13555 | 12735 |
| U.S. Treasury 5.25% 11/15/2028  | 5700 | 5964 |
| U.S. Treasury 3.50% 12/15/2028  | 199754 | 199527 |
| U.S. Treasury 2.375% 5/15/2029  | 4070 | 3915 |
| U.S. Treasury 4.00% 7/31/2029  | 334 | 338 |
| U.S. Treasury 3.875% 12/31/2029  | 44049 | 44426 |
| U.S. Treasury 3.75% 5/31/2030  | 13300 | 13335 |
| U.S. Treasury 4.125% 8/31/2030  | 11215 | 11414 |
| U.S. Treasury 3.625% 9/30/2030  | 90415 | 90087 |
| U.S. Treasury 4.875% 10/31/2030  | 92133 | 96812 |
| U.S. Treasury 3.625% 12/31/2030  | 390618 | 388833 |
| U.S. Treasury 4.125% 10/31/2031  | 1408 | 1431 |
| U.S. Treasury 4.125% 11/30/2031  | 985 | 1000 |
| U.S. Treasury 4.125% 11/15/2032  | 114 | 115 |
| U.S. Treasury 3.875% 12/31/2032  | 97978 | 97588 |
| U.S. Treasury 4.375% 5/15/2034  | 100 | 102 |
| U.S. Treasury 4.00% 11/15/2035 <sup>(h)</sup>  | 279661 | 275859 |
| U.S. Treasury 4.25% 5/15/2039  | 125497 | 123105 |
| U.S. Treasury 1.375% 11/15/2040  | 24540 | 15963 |
| U.S. Treasury 1.875% 2/15/2041  | 24272 | 16986 |
| U.S. Treasury 4.75% 2/15/2041  | 75066 | 76525 |
| U.S. Treasury 2.00% 11/15/2041  | 57 | 40 |
| U.S. Treasury 2.375% 2/15/2042  | 2701 | 1992 |
| U.S. Treasury 3.25% 5/15/2042  | 10848 | 9065 |
| U.S. Treasury 4.625% 11/15/2045  | 135934 | 133003 |
| U.S. Treasury 3.00% 2/15/2049  | 124633 | 92014 |
| U.S. Treasury 2.875% 5/15/2049  | 19228 | 13825 |
| U.S. Treasury 2.875% 5/15/2052  | 990 | 694 |
| U.S. Treasury 4.00% 11/15/2052  | 7328 | 6368 |
| U.S. Treasury 4.125% 8/15/2053  | 213 | 189 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(h)</sup>  | 299333 | 294934 |
| U.S. Treasury 4.625% 11/15/2055  | 29639 | 28616 |
|  |  | 2746985 |
| **U.S. Treasury inflation-protected securities 0.79%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.125% 10/15/2026 <sup>(i)</sup>  | 6136 | 6080 |
| U.S. Treasury Inflation-Protected Security 0.125% 1/15/2030 <sup>(i)</sup>  | 7763 | 7367 |
| U.S. Treasury Inflation-Protected Security 1.875% 7/15/2035 <sup>(i)</sup>  | 32118 | 32048 |
| U.S. Treasury Inflation-Protected Security 0.125% 2/15/2051 <sup>(i)</sup>  |  | — <br><sup>(c)</sup><br>|
| U.S. Treasury Inflation-Protected Security 1.50% 2/15/2053 <sup>(i)</sup>  | 6206 | 4840 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(i)</sup>  | 2329 | 2095 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(i)</sup>  | 38874 | 36904 |
|  |  | 89334 |
| **Total U.S. Treasury bonds & notes** |  | 2836319 |
| **Asset-backed obligations 4.39%** | **Asset-backed obligations 4.39%** | **Asset-backed obligations 4.39%** |
| **Other asset-backed securities 2.53%** |  |  |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(a)(e)</sup>  | 9848 | 9876 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(a)(e)</sup>  | 11785 | 11804 |

---

---

| | |
|:---|:---|
| **189** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** |  |  |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(a)(e)</sup>  | USD3,485 | $3491 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(a)(e)</sup>  | 331 | 331 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(a)(e)</sup>  | 6839 | 6867 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(a)(e)</sup>  | 4747 | 4785 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-2, Class A2, 5.19% 7/21/2031 <sup>(a)(e)</sup>  | 4471 | 4531 |
| Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 10/17/2034 <sup>(a)(e)</sup>  | 114 | 113 |
| Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class A, <br> 2.443% 7/15/2046 <sup>(a)(e)</sup>  | 2926 | 2782 |
| Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B, <br> 3.446% 7/15/2046 <sup>(a)(e)</sup>  | 337 | 324 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(a)(e)</sup>  | 643 | 645 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(a)(e)</sup>  | 5912 | 5968 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(a)(e)</sup>  | 11152 | 11364 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(a)(e)</sup>  | 13267 | 12589 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 3.464% 5/11/2037 <sup>(a)(e)</sup>  | 5184 | 4903 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 6.171% 5/11/2037 <sup>(a)(e)</sup>  | 581 | 578 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041 <sup>(a)(e)</sup>  | 44 | 44 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(a)(e)</sup>  | 18279 | 15529 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(a)(e)</sup>  | 1884 | 1593 |
| CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/2060 <sup>(a)(e)</sup>  | 3362 | 2137 |
| CF Hippolyta, LLC, Series 2020-1, Class B2, 2.60% 7/15/2060 <sup>(a)(e)</sup>  | 364 | 236 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(a)(e)</sup>  | 5923 | 4814 |
| CF Hippolyta, LLC, Series 2021-1, Class B1, 1.98% 3/15/2061 <sup>(a)(e)</sup>  | 1898 | 1184 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(a)(e)</sup>  | 14807 | 14622 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(a)(e)</sup>  | 6495 | 6325 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(a)(e)</sup>  | 4137 | 4154 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(a)(e)</sup>  | 1386 | 1310 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(a)(e)</sup>  | 2826 | 2675 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 2.38% 2/18/2046 <sup>(a)(e)</sup>  | 255 | 237 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(a)(e)</sup>  | 234 | 220 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(a)(e)</sup>  | 7169 | 7280 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(a)(e)</sup>  | 3764 | 3793 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(a)(e)</sup>  | 1315 | 1262 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(a)(e)</sup>  | 996 | 937 |
| GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/2046 <sup>(a)(e)</sup>  | 111 | 101 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(a)(e)</sup>  | 1655 | 1592 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(a)(e)</sup>  | 6116 | 5728 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(a)(e)</sup>  | 1695 | 1597 |
| Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/2041 <sup>(a)(e)</sup>  | 1428 | 1334 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(a)(e)</sup>  | 8887 | 8995 |
| Merchants Fleet Funding, LLC, Series 2023-1, Class A, 7.21% 5/20/2036 <sup>(a)(e)</sup>  | 443 | 445 |
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(a)(e)</sup>  | 5615 | 5652 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(a)(e)</sup>  | 3178 | 3039 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(e)</sup>  | 50765 | 42529 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(a)(e)</sup>  | 3741 | 3766 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(a)(e)</sup>  | 5756 | 5781 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(a)(e)</sup>  | 2314 | 2326 |
| OWN Equipment Fund III, Series 2025-2M, Class C, 8.77% 3/27/2034 <sup>(a)(e)</sup>  | 1707 | 1713 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(a)(e)</sup>  | 1546 | 1550 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(a)(e)</sup>  | 2281 | 2299 |
| PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/2028 <sup>(a)(e)</sup>  | 1710 | 1716 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(a)(e)</sup>  | 4558 | 4579 |
| PFS Financing Corp., Series 2023-C, Class A, 5.52% 10/15/2028 <sup>(a)(e)</sup>  | 909 | 920 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(a)(e)</sup>  | 4300 | 4320 |
| Post Road Equipment Finance, Series 2024-1, Class A2, 5.59% 11/15/2029 <sup>(a)(e)</sup>  | 735 | 738 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029 <sup>(a)(e)</sup>  | 858 | 862 |
| SLAM, Ltd., Series 2021-1, Class A, 2.434% 6/15/2046 <sup>(a)(e)</sup>  | 2088 | 1996 |
| SLAM, Ltd., Series 2021-1, Class B, 3.422% 6/15/2046 <sup>(a)(e)</sup>  | 385 | 369 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(a)(e)</sup>  | 1792 | 1711 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(a)(e)</sup>  | 1097 | 1074 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **190** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** |  |  |
| Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041 <sup>(a)(e)</sup>  | USD136 | $134 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(a)(e)</sup>  | 422 | 413 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/2033 <sup>(a)(e)</sup>  | 486 | 474 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(a)(e)</sup>  | 793 | 774 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(a)(e)</sup>  | 1746 | 1673 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/2045 <sup>(a)(e)</sup>  | 666 | 646 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(a)(e)</sup>  | 1378 | 1310 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(a)(e)</sup>  | 4449 | 4193 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class B, 2.52% 2/20/2046 <sup>(a)(e)</sup>  | 249 | 233 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(a)(e)</sup>  | 3760 | 3566 |
| TIF Funding II, LLC, Series 2020-1A, Class A, 2.09% 8/20/2045 <sup>(a)(e)</sup>  | 3080 | 2952 |
| TIF Funding II, LLC, Series 2021-1A, Class B, 2.54% 2/20/2046 <sup>(a)(e)</sup>  | 92 | 84 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(a)(e)</sup>  | 7133 | 6740 |
| Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046 <sup>(a)(e)</sup>  | 2496 | 2324 |
| Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/2046 <sup>(a)(e)</sup>  | 243 | 224 |
| Verizon Master Trust, Series 2023-3, Class A, 4.73% 4/21/2031 <sup>(a)(e)</sup>  | 5380 | 5478 |
|  |  | 287253 |
| **Auto loan 1.26%** |  |  |
| Ally Auto Receivables Trust, Series 2023-1, Class A3, 5.46% 5/15/2028 <sup>(a)</sup>  | 275 | 277 |
| AmeriCredit Automobile Receivables Trust, Series 2021-2, Class C, 1.01% 1/19/2027 <sup>(a)</sup>  | 23 | 23 |
| AmeriCredit Automobile Receivables Trust, Series 2021-2, Class D, 1.29% 6/18/2027 <sup>(a)</sup>  | 2613 | 2609 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(a)(e)</sup>  | 809 | 807 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(a)(e)</sup>  | 208 | 207 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class C, 4.25% 2/20/2027 <sup>(a)(e)</sup>  | 426 | 426 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class A, 1.38% 8/20/2027 <sup>(a)(e)</sup>  | 3445 | 3405 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class B, 1.63% 8/20/2027 <sup>(a)(e)</sup>  | 531 | 525 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/2027 <sup>(a)(e)</sup>  | 193 | 191 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(a)(e)</sup>  | 6724 | 6844 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(a)(e)</sup>  | 1348 | 1371 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(a)(e)</sup>  | 5059 | 5267 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(a)(e)</sup>  | 4665 | 4817 |
| BMW Vehicle Owner Trust, Series 2023-A, Class A3, 5.47% 2/25/2028 <sup>(a)</sup>  | 90 | 91 |
| Bridgecrest Lending Auto Securitization Trust, Series 2023-1, Class B, 6.80% 8/15/2029 <sup>(a)</sup>  | 769 | 772 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A3, 5.82% 8/10/2028 <sup>(a)(e)</sup>  | 231 | 233 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A4, 5.71% 7/10/2029 <sup>(a)(e)</sup>  | 172 | 176 |
| Chesapeake Funding II, LLC, Series 2023-2, Class A1, 6.16% 10/15/2035 <sup>(a)(e)</sup>  | 435 | 440 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A3, 5.83% 2/15/2028 <sup>(a)(e)</sup>  | 875 | 881 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A4, 5.74% 10/15/2030 <sup>(a)(e)</sup>  | 799 | 814 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(a)(e)</sup>  | 455 | 455 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(a)(e)</sup>  | 434 | 435 |
| Drive Auto Receivables Trust, Series 2024-2, Class A2, 4.94% 12/15/2027 <sup>(a)</sup>  | 86 | 86 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(a)(e)</sup>  | 1484 | 1490 |
| Enterprise Fleet Financing, LLC, Series 2024-4, Class A2, 4.69% 7/20/2027 <sup>(a)(e)</sup>  | 6817 | 6842 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A3, 4.29% 7/20/2029 <sup>(a)(e)</sup>  | 897 | 899 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(a)(e)</sup>  | 58 | 58 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A2, 5.23% 3/20/2030 <sup>(a)(e)</sup>  | 7335 | 7391 |
| Exeter Automobile Receivables Trust, Series 2021-2, Class D, 1.40% 4/15/2027 <sup>(a)</sup>  | 642 | 639 |
| Exeter Automobile Receivables Trust, Series 2023-5A, Class B, 6.58% 4/17/2028 <sup>(a)</sup>  | 1028 | 1030 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(a)</sup>  | 226 | 227 |
| Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.56% 7/17/2028 <sup>(a)</sup>  | 194 | 194 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class D, 6.68% 4/16/2029 <sup>(a)</sup>  | 758 | 776 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69% 6/15/2029 <sup>(a)</sup>  | 462 | 469 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(a)(e)</sup>  | 1014 | 1102 |
| Ford Credit Auto Owner Trust, Series 2023-B, Class A3, 5.23% 5/15/2028 <sup>(a)</sup>  | 435 | 438 |
| Ford Credit Auto Owner Trust, Series 2023-B, Class A4, 5.06% 2/15/2029 <sup>(a)</sup>  | 597 | 605 |
| Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/2035 <sup>(a)(e)</sup>  | 4218 | 4305 |
| Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/2028 <sup>(a)(e)</sup>  | 5833 | 5853 |

---

---

| | |
|:---|:---|
| **191** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** |  |  |
| GLS Auto Receivables Trust, Series 2023-3, Class B, 5.89% 1/18/2028 <sup>(a)(e)</sup>  | USD218 | $218 |
| GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/2029 <sup>(a)(e)</sup>  | 561 | 566 |
| GLS Auto Receivables Trust, Series 2023-3, Class D, 6.44% 5/15/2029 <sup>(a)(e)</sup>  | 507 | 520 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(a)(e)</sup>  | 1772 | 1779 |
| GLS Auto Select Receivables Trust, Series 2024-2, Class A2, 5.58% 6/17/2030 <sup>(a)(e)</sup>  | 1066 | 1079 |
| GM Financial Automobile Leasing Trust, Series 2023-3, Class A4, 5.44% 8/20/2027 <sup>(a)</sup>  | 18 | 18 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A3, 5.45% 6/16/2028 <sup>(a)</sup>  | 272 | 274 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A4, 5.34% 12/18/2028 <sup>(a)</sup>  | 320 | 325 |
| GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/2035 <sup>(a)(e)</sup>  | 4815 | 4949 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035 <sup>(a)(e)</sup>  | 2703 | 2802 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(a)(e)</sup>  | 3984 | 4185 |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1, 5.34% 6/15/2028 <sup>(a)(e)</sup>  | 1600 | 1610 |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A, 5.34% 6/15/2030 <sup>(a)(e)</sup>  | 948 | 979 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(a)(e)</sup>  | 330 | 333 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(a)(e)</sup>  | 1174 | 1152 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(a)(e)</sup>  | 17770 | 17440 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(a)(e)</sup>  | 1264 | 1240 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(a)(e)</sup>  | 859 | 843 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(a)(e)</sup>  | 3007 | 3073 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(a)</sup>  | 80 | 80 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A4, 4.97% 6/21/2029 <sup>(a)</sup>  | 188 | 189 |
| Hyundai Auto Receivables Trust, Series 2023-B, Class A3, 5.48% 4/17/2028 <sup>(a)</sup>  | 84 | 85 |
| Hyundai Auto Receivables Trust, Series 2023-B, Class A4, 5.31% 8/15/2029 <sup>(a)</sup>  | 160 | 163 |
| LAD Auto Receivables Trust, Series 2022-1, Class B, 5.87% 9/15/2027 <sup>(a)(e)</sup>  | 191 | 192 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(a)(e)</sup>  | 174 | 174 |
| LAD Auto Receivables Trust, Series 2023-2, Class A3, 5.42% 2/15/2028 <sup>(a)(e)</sup>  | 101 | 101 |
| LAD Auto Receivables Trust, Series 2023-2, Class B, 5.45% 4/15/2028 <sup>(a)(e)</sup>  | 615 | 616 |
| LAD Auto Receivables Trust, Series 2023-3, Class B, 6.09% 6/15/2028 <sup>(a)(e)</sup>  | 848 | 856 |
| LAD Auto Receivables Trust, Series 2023-2, Class C, 5.58% 9/15/2028 <sup>(a)(e)</sup>  | 1361 | 1370 |
| LAD Auto Receivables Trust, Series 2023-4, Class B, 6.39% 10/16/2028 <sup>(a)(e)</sup>  | 3223 | 3279 |
| LAD Auto Receivables Trust, Series 2023-3, Class C, 6.43% 12/15/2028 <sup>(a)(e)</sup>  | 714 | 728 |
| LAD Auto Receivables Trust, Series 2022-1, Class C, 6.85% 4/15/2030 <sup>(a)(e)</sup>  | 623 | 630 |
| LAD Auto Receivables Trust, Series 2023-3, Class D, 6.92% 12/16/2030 <sup>(a)(e)</sup>  | 483 | 498 |
| LAD Auto Receivables Trust, Series 2023-2, Class D, 6.30% 2/15/2031 <sup>(a)(e)</sup>  | 123 | 125 |
| Mercedes-Benz Auto Receivables Trust, Series 2023-2, Class A3, 5.95% 11/15/2028 <sup>(a)</sup>  | 707 | 717 |
| Nissan Auto Receivables Owner Trust, Series 2023-B, Class A3, 5.93% 3/15/2028 <sup>(a)</sup>  | 351 | 354 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(a)</sup>  | 111 | 112 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(a)</sup>  | 204 | 204 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77% 12/15/2028 <sup>(a)</sup>  | 700 | 707 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(a)(e)</sup>  | 1082 | 1084 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/2028 <sup>(a)(e)</sup>  | 334 | 336 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A4, 5.47% 12/20/2029 <sup>(a)(e)</sup>  | 361 | 367 |
| Westlake Automobile Receivables Trust, Series 2023-4, Class A3, 6.24% 7/15/2027 <sup>(a)(e)</sup>  | 909 | 910 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class B, 5.92% 9/15/2028 <sup>(a)(e)</sup>  | 939 | 941 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/2028 <sup>(a)(e)</sup>  | 2219 | 2243 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class D, 6.47% 3/15/2029 <sup>(a)(e)</sup>  | 1236 | 1265 |
| Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(a)(e)</sup>  | 9559 | 9657 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(a)(e)</sup>  | 8464 | 8557 |
| World Omni Auto Receivables Trust, Series 2023-C, Class A3, 5.15% 11/15/2028 <sup>(a)</sup>  | 174 | 175 |
| World Omni Auto Receivables Trust, Series 2023-C, Class A4, 5.03% 11/15/2029 <sup>(a)</sup>  | 232 | 235 |
|  |  | 143805 |
| **Student loan 0.36%** |  |  |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(a)(e)</sup>  | 6374 | 6450 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(a)(e)</sup>  | 1434 | 1316 |
| Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 12/16/2069 <sup>(a)(e)</sup>  | 845 | 763 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(a)(e)</sup>  | 542 | 493 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **192** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Student loan (continued)** |  |  |
| Nelnet Student Loan Trust, Series 2025-AA, Class A1B, (30-day Average USD-SOFR + 1.10%) 5.084% <br> 3/15/2057 <sup>(a)(b)(e)</sup>  | USD14,884 | $14850 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(a)(e)</sup>  | 141 | 133 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(a)(e)</sup>  | 2397 | 2269 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(a)(e)</sup>  | 5464 | 5184 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.588% <br> 4/20/2062 <sup>(a)(b)(e)</sup>  | 1816 | 1813 |
| Prodigy Finance DAC, Series 2021-1A, Class A, (1-month USD CME Term SOFR + 1.364%) 5.092% <br>7/25/2051 <sup>(a)(b)(e)</sup>  | 146 | 146 |
| SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 5.534% <br> 11/15/2052 <sup>(a)(b)(e)</sup>  | 628 | 635 |
| SMB Private Education Loan Trust, Series 2023-C, Class A1A, 5.67% 11/15/2052 <sup>(a)(e)</sup>  | 569 | 585 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(a)(e)</sup>  | 6322 | 6422 |
|  |  | 41059 |
| **Credit card 0.24%** |  |  |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(a)(e)</sup>  | 13550 | 13583 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(a)(e)</sup>  | 2456 | 2463 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(a)(e)</sup>  | 2416 | 2429 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(a)(e)</sup>  | 8461 | 8526 |
|  |  | 27001 |
| **Collateralized loan obligations 0.00%** |  |  |
| Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) 5.09% <br>7/25/2030 <sup>(a)(b)(e)</sup>  | 50 | 50 |
| **Total asset-backed obligations** |  | 499168 |
| **Bonds & notes of governments & government agencies outside the U.S. 1.78%** | **Bonds & notes of governments & government agencies outside the U.S. 1.78%** | **Bonds & notes of governments & government agencies outside the U.S. 1.78%** |
| **Mexico 1.22%** |  |  |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(e)</sup>  | 74976 | 76464 |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030  | 7183 | 7326 |
| United Mexican States 6.00% 5/13/2030  | 2960 | 3107 |
| United Mexican States 6.00% 5/7/2036  | 32486 | 32998 |
| United Mexican States 6.875% 5/13/2037  | 3200 | 3422 |
| United Mexican States 7.375% 5/13/2055  | 14311 | 15452 |
|  |  | 138769 |
| **Greece 0.46%** |  |  |
| Greece (Hellenic Republic of) 1.50% 6/18/2030  | EUR10,830 | 12140 |
| Greece (Hellenic Republic of) 0.75% 6/18/2031  | 9600 | 10112 |
| Greece (Hellenic Republic of) 4.25% 6/15/2033  | 23825 | 29987 |
|  |  | 52239 |
| **Dominican Republic 0.08%** |  |  |
| Dominican Republic (Government of) 5.95% 1/25/2027 <sup>(e)</sup>  | USD8,100 | 8198 |
| Dominican Republic (Government of) 7.05% 2/3/2031 <sup>(e)</sup>  | 680 | 731 |
|  |  | 8929 |
| **Poland 0.01%** |  |  |
| Poland (Republic of), Series 10Y, 5.75% 11/16/2032  | 555 | 597 |
| Poland (Republic of), Series 10Y, 4.875% 10/4/2033  | 830 | 845 |
|  |  | 1442 |

---

---

| | |
|:---|:---|
| **193** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Chile 0.01%** |  |  |
| Chile (Republic of) 4.00% 1/31/2052  | USD580 | $461 |
| **Paraguay 0.00%** |  |  |
| Paraguay (Republic of) 5.00% 4/15/2026  | 285 | 287 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 202127 |
| **Municipals 1.47%** | **Municipals 1.47%** | **Municipals 1.47%** |
| **California 0.02%** |  |  |
| GO Bonds, Series 2009, 7.50% 4/1/2034  | 2100 | 2452 |
| **Illinois 1.28%** |  |  |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-C, 6.319% <br> 11/1/2029  | 65 | 65 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2009-E, 6.138% <br> 12/1/2039  | 31050 | 29238 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-D, 6.519% <br> 12/1/2040  | 8945 | 8512 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2023-A, 6.00% <br> 12/1/2049  | 865 | 876 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2025-A, 6.25% <br> 12/1/2050  | 1610 | 1683 |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 102799 | 105401 |
|  |  | 145775 |
| **Massachusetts 0.07%** |  |  |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049  | 7500 | 7763 |
| **New York 0.03%** |  |  |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-1, 5.559% 10/1/2045  | 1640 | 1632 |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-1, 5.372% 10/1/2051  | 1175 | 1146 |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-2, 5.392% 10/1/2055  | 460 | 445 |
|  |  | 3223 |
| **Texas 0.03%** |  |  |
| Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% <br> 10/1/2052  | 4075 | 2827 |
| **Wisconsin 0.04%** |  |  |
| Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034  | 4490 | 4459 |
| **Total municipals** |  | 166499 |
| **Federal agency bonds & notes 0.10%** | **Federal agency bonds & notes 0.10%** | **Federal agency bonds & notes 0.10%** |
| Federal National Mortgage Association 2.125% 4/24/2026  | 11910 | 11855 |
| **Loans 0.06%** | **Loans 0.06%** | **Loans 0.06%** |
| **Financials 0.06%** |  |  |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% <br> 11/17/2029 <sup>(b)(e)(g)(j)</sup>  | 6407 | 6359 |
| **Total bonds, notes & other debt instruments** (cost: $10,859,504,000) |  | 10789253 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **194** |

---

------

The Bond Fund of America (continued)

---

| | | |
|:---|:---|:---|
| Common stocks 0.00% | Shares | Value<br> (000)<br>|
| **Energy 0.00%** |  |  |
| FORESEA Holding SA, Class C, nonvoting shares <sup>(e)</sup>  | 555 | $13 |
| FORESEA Holding SA, Class B <sup>(e)</sup>  | 61 | 1 |
| **Total common stocks** (cost: $8,000) |  | 14 |
| Short-term securities 5.50% |  |  |
| **Money market investments 5.50%** | **Money market investments 5.50%** | **Money market investments 5.50%** |
| Capital Group Central Cash Fund 3.79% <sup>(k)(l)</sup>  | 6241739 | 624236 |
| **Total short-term securities** (cost: $624,125,000) | **Total short-term securities** (cost: $624,125,000) | 624236 |
| **Total investment securities 100.51%** (cost: $11,483,637,000) |  | 11413503 |
| Other assets less liabilities (0.51)% |  | (57477)<br>|
| **Net assets 100.00%** |  | $11356026 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 62 | 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD24,898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8 |
| 30 Day Federal Funds Futures | Long | 548 | 3/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| 3 Month SOFR Futures | Long | 57 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9)<br>|
| 3 Month SOFR Futures | Long | 103 | 9/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 14354 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2996958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (497)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 9930 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1085396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2942)<br>|
| 10 Year Italy Government Bond Futures | Long | 329 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (141)<br>|
| 10 Year Euro-Bund Futures | Short | 1003 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (150370)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1021 |
| 10 Year U.S. Treasury Note Futures | Long | 949 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1018)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 1244 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (143079)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185 |
| 20 Year U.S. Treasury Bond Futures | Short | 9 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1040)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 2865 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 338070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5192)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8582)<br>|

---

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 27382 | JPY | 4230230 | Bank of America | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $338 |
| USD | 17388 | EUR | 14926 | Morgan Stanley | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (165)<br>|
| JPY | 3901364 | EUR | 21383 | Citibank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (207)<br>|
| BRL | 24015 | USD | 4403 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (48)<br>|
| USD | 53133 | EUR | 45113 | HSBC Bank | 1/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(34)<br>|

---

---

| | |
|:---|:---|
| **195** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 3.39981% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 3/31/2027 | &nbsp;&nbsp;&nbsp;&nbsp; USD88,200 | &nbsp;&nbsp;&nbsp;&nbsp; $(19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(19)<br>|
| SOFR | Annual | 3.2465% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; USD56,300 | &nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 66 |
| SOFR | Annual | 3.249% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; USD56,260 | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 63 |
| SOFR | Annual | 3.34% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/3/2027 | &nbsp;&nbsp;&nbsp;&nbsp; USD106,170 | &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (30)<br>|
| SOFR | Annual | 3.2715% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp; USD43,510 | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 37 |
| 3.998% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 12/4/2028 | &nbsp;&nbsp;&nbsp;&nbsp; USD40,040 | &nbsp;&nbsp;&nbsp;&nbsp; 734 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 734 |
| SOFR | Annual | 3.945% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 5/31/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD20,090 | &nbsp;&nbsp;&nbsp;&nbsp; (372)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (372)<br>|
| SOFR | Annual | 3.3125% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD11,993 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32 |
| SOFR | Annual | 3.4445% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,052 | &nbsp;&nbsp;&nbsp;&nbsp; (14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14)<br>|
| SOFR | Annual | 3.4805% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,052 | &nbsp;&nbsp;&nbsp;&nbsp; (20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20)<br>|
| SOFR | Annual | 3.552% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD4,000 | &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (23)<br>|
| SOFR | Annual | 3.455% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD12,103 | &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>|
| SOFR | Annual | 3.543% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,052 | &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33)<br>|
| SOFR | Annual | 3.551% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD12,103 | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (70)<br>|
| SOFR | Annual | 3.965% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/14/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD30,465 | &nbsp;&nbsp;&nbsp;&nbsp; (631)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (631)<br>|
| SOFR | Annual | 3.9195% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD8,240 | &nbsp;&nbsp;&nbsp;&nbsp; (157)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (157)<br>|
| SOFR | Annual | 3.763% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp; USD11,790 | &nbsp;&nbsp;&nbsp;&nbsp; (160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (160)<br>|
| SOFR | Annual | 3.4415% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 2/28/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD18,470 | &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| SOFR | Annual | 3.797% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 3/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD2,774 | &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>|
| SOFR | Annual | 3.794% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 3/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD5,301 | &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>|
| SOFR | Annual | 3.796% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 3/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD5,301 | &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (79)<br>|
| SOFR | Annual | 3.7815% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 3/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD10,484 | &nbsp;&nbsp;&nbsp;&nbsp; (151)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (151)<br>|
| SOFR | Annual | 3.6065% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 5/12/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD9,910 | &nbsp;&nbsp;&nbsp;&nbsp; (73)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (73)<br>|
| SOFR | Annual | 3.325% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 5/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD27,360 | &nbsp;&nbsp;&nbsp;&nbsp; 108 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 108 |
| SOFR | Annual | 3.2175% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD15,786 | &nbsp;&nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 158 |
| SOFR | Annual | 3.2385% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD8,168 | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74 |
| SOFR | Annual | 3.2145% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD3,938 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40 |
| SOFR | Annual | 3.2155% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 9/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD3,938 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40 |
| SOFR | Annual | 3.237% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD26,480 | &nbsp;&nbsp;&nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 254 |
| 3.488% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp;&nbsp;&nbsp; USD21,160 | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| 3.43574% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp;&nbsp;&nbsp; USD24,673 | &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>|
| SOFR | Annual | 3.48% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD22,935 | &nbsp;&nbsp;&nbsp;&nbsp; 156 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 156 |
| SOFR | Annual | 3.4815% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD22,954 | &nbsp;&nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 154 |
| SOFR | Annual | 3.482% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD22,361 | &nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 149 |
| SOFR | Annual | 3.34% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD19,580 | &nbsp;&nbsp;&nbsp;&nbsp; 304 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 304 |
| SOFR | Annual | 3.475% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/3/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD27,370 | &nbsp;&nbsp;&nbsp;&nbsp; 204 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 204 |
| SOFR | Annual | 3.50061% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/3/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD27,360 | &nbsp;&nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 162 |
| SOFR | Annual | 3.486% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; USD18,500 | &nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127 |
| SOFR | Annual | 3.6025% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 1/8/2034 | &nbsp;&nbsp;&nbsp;&nbsp; USD16,295 | &nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 85 |
| SOFR | Annual | 3.665% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 8/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD14,000 | &nbsp;&nbsp;&nbsp;&nbsp; 127 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127 |
| SOFR | Annual | 3.648% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/2/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD20,270 | &nbsp;&nbsp;&nbsp;&nbsp; 233 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 233 |
| TONAR | Annual | 1.52125% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/6/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY1,100,000 | &nbsp;&nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 210 |
| TONAR | Annual | 1.52% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/6/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY400,000 | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 77 |
| TONAR | Annual | 1.51812% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY2,185,658 | &nbsp;&nbsp;&nbsp;&nbsp; 422 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 422 |
| SOFR | Annual | 3.6775% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/8/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD20,240 | &nbsp;&nbsp;&nbsp;&nbsp; 186 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 186 |
| TONAR | Annual | 1.4925% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/8/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY368,643 | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 77 |
| SOFR | Annual | 3.663% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/9/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD14,500 | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 150 |
| TONAR | Annual | 1.53% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/9/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY370,941 | &nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 69 |
| TONAR | Annual | 1.5225% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY375,998 | &nbsp;&nbsp;&nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 72 |
| TONAR | Annual | 1.51% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/14/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY375,998 | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 75 |
| TONAR | Annual | 1.491% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY375,998 | &nbsp;&nbsp;&nbsp;&nbsp; 79 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 79 |
| TONAR | Annual | 1.475% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/16/2035 | &nbsp;&nbsp;&nbsp;&nbsp; JPY231,314 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 51 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **196** |

---

------

The Bond Fund of America (continued)

**Swap contracts** (continued)

------

**Interest rate swaps** (continued)

**Centrally cleared interest rate swaps** (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 3.504% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD14,510 | &nbsp;&nbsp;&nbsp;&nbsp; $344 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $344 |
| SOFR | Annual | 3.66593% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/3/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD20,280 | &nbsp;&nbsp;&nbsp;&nbsp; 214 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214 |
| SOFR | Annual | 3.79168% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp;&nbsp;&nbsp; USD27,050 | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 109 |
| SOFR | Annual | 3.801% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp;&nbsp;&nbsp; USD23,409 | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 76 |
| SOFR | Annual | 3.883% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 7/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp; USD33,965 | &nbsp;&nbsp;&nbsp;&nbsp; 1300 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1300 |
| SOFR | Annual | 4.137% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 7/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp; USD4,100 | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16 |
| SOFR | Annual | 4.052% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/15/2053 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,880 | &nbsp;&nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 146 |
| 2.477% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/6/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY200,000 | &nbsp;&nbsp;&nbsp;&nbsp; (92)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (92)<br>|
| 2.47825% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/6/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY500,000 | &nbsp;&nbsp;&nbsp;&nbsp; (228)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (228)<br>|
| 2.47% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/7/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY904,764 | &nbsp;&nbsp;&nbsp;&nbsp; (423)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (423)<br>|
| 2.5425% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/8/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY153,945 | &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (57)<br>|
| SOFR | Annual | 3.953% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/9/2055 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,960 | &nbsp;&nbsp;&nbsp;&nbsp; 257 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 257 |
| 2.57% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/9/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY155,295 | &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (52)<br>|
| 2.515% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY156,196 | &nbsp;&nbsp;&nbsp;&nbsp; (64)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (64)<br>|
| 2.52% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/14/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY156,646 | &nbsp;&nbsp;&nbsp;&nbsp; (63)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (63)<br>|
| 2.50% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/15/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY156,196 | &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (67)<br>|
| 2.51625% | Annual | TONAR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/16/2055 | &nbsp;&nbsp;&nbsp;&nbsp; JPY96,259 | &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (39)<br>|
| SOFR | Annual | 3.8185% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/2055 | &nbsp;&nbsp;&nbsp;&nbsp; USD13,760 | &nbsp;&nbsp;&nbsp;&nbsp; 824 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 824 |
| 4.13862% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp;&nbsp;&nbsp; USD6,555 | &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42)<br>|
| 4.097% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp;&nbsp;&nbsp; USD5,701 | &nbsp;&nbsp;&nbsp;&nbsp; (76)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (76)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $4801 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4801 |

---

**Bilateral interest rate swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| 14.5956% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL160,970 | &nbsp;&nbsp; $1285 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1285 |
| 14.24% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL88,380 | &nbsp;&nbsp; 578 | &nbsp;&nbsp; — | &nbsp;&nbsp; 578 |
| 14.585% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL19,180 | &nbsp;&nbsp; 152 | &nbsp;&nbsp; — | &nbsp;&nbsp; 152 |
| 13.31% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL76,120 | &nbsp;&nbsp; (63)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (63)<br>|
| 13.18% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL56,000 | &nbsp;&nbsp; (81)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (81)<br>|
| 13.04% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL41,300 | &nbsp;&nbsp; (102)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (102)<br>|
| 12.99% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL36,820 | &nbsp;&nbsp; (106)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (106)<br>|
| 12.99% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL41,300 | &nbsp;&nbsp; (118)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (118)<br>|
| 13.05% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL77,000 | &nbsp;&nbsp; (184)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (184)<br>|
| 12.32% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL25,300 | &nbsp;&nbsp; (200)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (200)<br>|
| 12.365% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL38,509 | &nbsp;&nbsp; (289)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (289)<br>|
| 12.36% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL38,753 | &nbsp;&nbsp; (293)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (293)<br>|
| 12.3075% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL38,500 | &nbsp;&nbsp; (307)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (307)<br>|
| 12.36% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL77,020 | &nbsp;&nbsp; (582)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (582)<br>|
| 12.35% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL76,900 | &nbsp;&nbsp; (588)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (588)<br>|
| 12.303% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL75,919 | &nbsp;&nbsp; (607)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (607)<br>|
| 13.115% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2031 | &nbsp;&nbsp; BRL19,400 | &nbsp;&nbsp; (49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (49)<br>|
| 13.105% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2031 | &nbsp;&nbsp; BRL19,625 | &nbsp;&nbsp; (51)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (51)<br>|
| 13.03% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2031 | &nbsp;&nbsp; BRL41,625 | &nbsp;&nbsp; (136)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (136)<br>|
| 13.135% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2031 | &nbsp;&nbsp; BRL80,500 | &nbsp;&nbsp; (187)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (187)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $(1928)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1928)<br>|

---

---

| | |
|:---|:---|
| **197** | American Funds Insurance Series |

---

------

The Bond Fund of America (continued)

**Swap contracts** (continued)

------

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD183,800 | &nbsp;&nbsp;&nbsp;&nbsp; $(14043)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(13869)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(174)<br>|

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(m)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <sup>(n)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD67,870 | &nbsp;&nbsp;&nbsp;&nbsp; $1538 | &nbsp;&nbsp;&nbsp;&nbsp; $1546 | &nbsp;&nbsp;&nbsp;&nbsp; $(8)<br>|

---

**Investments in affiliates** <sup>(l)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 5.50%** |  |  |  |  |  |  |  |
| **Money market investments 5.50%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(k)</sup>  | $730121 | &nbsp;&nbsp; $5041681 | &nbsp;&nbsp; $5147668 | &nbsp;&nbsp; $284 | &nbsp;&nbsp; $(182)<br>| &nbsp;&nbsp; $624236 | &nbsp;&nbsp; $32185 |

---

<sup>(a)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(b)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(c)</sup> Amount less than one thousand.

<sup>(d)</sup> Represents securities transacted on a TBA basis.

<sup>(e)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $1,803,804,000, which represented 15.88% of the net assets of the fund. 

<sup>(f)</sup> Step bond; coupon rate may change at a later date.

<sup>(g)</sup> Value determined using significant unobservable inputs.

<sup>(h)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $85,685,000, which represented 0.75% of the net assets of the fund. 

<sup>(i)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(j)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $6,359,000, which represented 0.06% of the net assets of the fund. 

<sup>(k)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(l)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(m)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(n)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

---

| | |
|:---|:---|
| American Funds Insurance Series | **198** |

---

------

The Bond Fund of America (continued)

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| Auth. = Authority |
| BRL = Brazilian reais |
| BZDIOVER = Overnight Brazilian Interbank Deposit Rate |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| Fin. = Finance |
| Fncg. = Financing |
| GO = General Obligation |
| ICE = Intercontinental Exchange, Inc. |
| JPY = Japanese yen |
| Ref. = Refunding |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| TONAR = Tokyo Overnight Average Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **199** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup>

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 90.93% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Euros 20.50%** |  |  |
| AIA Group, Ltd. 0.88% 9/9/2033 (5-year EUR Mid-Swap + 1.10% on 9/9/2028) <sup>(a)</sup>  | EUR2,800 | $3125 |
| Albania (Republic of) 4.75% 2/14/2035  | 2290 | 2729 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(a)</sup>  | 500 | 642 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(a)</sup>  | 100 | 124 |
| Altria Group, Inc. 3.125% 6/15/2031  | 800 | 929 |
| American Tower Corp. 0.45% 1/15/2027  | 2525 | 2908 |
| American Tower Corp. 0.875% 5/21/2029  | 1470 | 1616 |
| Amprion Gmbh 4.125% 9/7/2034  | 2600 | 3153 |
| Amprion Gmbh 3.875% 6/5/2036  | 1800 | 2112 |
| Anheuser-Busch InBev SA/NV 1.125% 7/1/2027  | 2000 | 2310 |
| AT&T, Inc. 1.60% 5/19/2028  | 2350 | 2698 |
| Banco de Credito Social Cooperativo SA 4.125% 9/3/2030 (1-year EUR-ICE Swap EURIBOR + 1.70% on <br>9/3/2029) <sup>(a)</sup>  | 1000 | 1211 |
| Banco de Sabadell SA 5.25% 2/7/2029 (1-year EUR Mid-Swap + 2.40% on 2/7/2028) <sup>(a)</sup>  | 900 | 1110 |
| Banco de Sabadell SA 5.50% 9/8/2029 (1-year EUR-ICE Swap EURIBOR + 2.40% on 9/8/2028) <sup>(a)</sup>  | 700 | 877 |
| Bank Gospodarstwa Krajowego 4.25% 9/13/2044  | 290 | 329 |
| Bank of America Corp. 3.648% 3/31/2029 (3-month EUR-EURIBOR + 3.67% on 3/31/2028) <sup>(a)(b)</sup>  | 5000 | 5993 |
| Banque Federative du Credit Mutuel 3.875% 6/16/2032 (5-year EUR Mid-Swap + 2.20% on 6/16/2027) <sup>(a)</sup>  | 2800 | 3331 |
| Belgium (Kingdom of), Series 98, 3.30% 6/22/2054  | 880 | 869 |
| BMS Ireland Capital Funding DAC 3.857% 11/10/2038  | 290 | 336 |
| BMS Ireland Capital Funding DAC 4.289% 11/10/2045  | 220 | 254 |
| BMS Ireland Capital Funding DAC 4.581% 11/10/2055  | 1680 | 1930 |
| BPCE SA 4.50% 1/13/2033  | 1400 | 1728 |
| BPCE SA 4.875% 2/26/2036 (5-year EUR-ICE Swap EURIBOR + 2.30% on 2/26/2031) <sup>(a)</sup>  | 900 | 1112 |
| Bulgaria (Republic of) 3.375% 7/18/2035  | 1340 | 1552 |
| Coca-Cola Co. 3.375% 8/15/2037  | 155 | 177 |
| Commerzbank AG 4.625% 1/17/2031 (3-month EUR-EURIBOR + 2.10% on 1/17/2030) <sup>(a)</sup>  | 1900 | 2348 |
| Croatia (Republic of) 3.25% 2/11/2037  | 1005 | 1145 |
| Deutsche Bank AG 1.75% 11/19/2030 (3-month EUR-EURIBOR + 2.05% on 11/19/2029) <sup>(a)</sup>  | 4000 | 4441 |
| Deutsche Telekom AG 3.25% 6/4/2035  | 1990 | 2305 |
| Deutsche Telekom International Finance BV 7.50% 1/24/2033  | 200 | 297 |
| Dow Chemical Co. (The) 1.125% 3/15/2032  | 827 | 835 |
| Egypt (Arab Republic of) 5.625% 4/16/2030  | 300 | 352 |
| Electricite de France SA 4.25% 1/25/2032  | 1300 | 1602 |
| Electricite de France SA 4.00% 5/7/2037  | 500 | 583 |
| Electricite de France SA 2.625% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.86% on <br> 6/1/2028) <sup>(a)</sup>  | 5000 | 5744 |
| Electricite de France SA 7.50% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 4.86% on <br> 12/6/2028) <sup>(a)</sup>  | 1200 | 1538 |
| Enel Finance International NV 4.00% 2/20/2031  | 465 | 567 |
| Engie SA 3.875% 1/6/2031  | 1000 | 1215 |
| Equinor ASA 1.375% 5/22/2032  | 3650 | 3841 |
| Eurobank SA 5.875% 11/28/2029 (1-year EUR Mid-Swap + 2.83% on 11/28/2028) <sup>(a)</sup>  | 240 | 304 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(a)</sup>  | 2030 | 2537 |
| Eurobank SA 4.00% 2/7/2036 (1-year EUR-ICE Swap EURIBOR + 1.70% on 2/7/2035) <sup>(a)</sup>  | 1375 | 1613 |
| European Investment Bank 0.25% 1/20/2032  | 2075 | 2106 |
| European Investment Bank 1.50% 6/15/2032  | 1000 | 1088 |
| European Investment Bank 2.875% 1/12/2033  | 4500 | 5300 |
| European Investment Bank 2.875% 1/15/2035  | 395 | 458 |
| European Union 0.25% 10/22/2026  | 610 | 707 |
| European Union 2.875% 12/6/2027  | 1060 | 1261 |
| European Union 2.875% 10/5/2029  | 170 | 203 |
| European Union 2.50% 10/14/2030  | 1375 | 1607 |
| European Union 3.125% 12/4/2030  | 190 | 228 |
| European Union 0% 7/4/2031  | 705 | 716 |
| European Union 2.75% 12/13/2032  | 2010 | 2343 |
| European Union 3.25% 7/4/2034  | 380 | 453 |
| European Union 0% 7/4/2035  | 220 | 191 |
| European Union 3.375% 12/12/2035  | 10230 | 12201 |
| European Union 3.625% 12/12/2040  | 9495 | 11123 |
| European Union 3.75% 10/12/2045  | 635 | 736 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **200** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Euros (continued)** |  |  |
| European Union 0.70% 7/6/2051  | EUR3,000 | $1724 |
| European Union 3.375% 10/5/2054  | 540 | 562 |
| European Union 4.00% 10/12/2055  | 2070 | 2400 |
| Finland (Republic of) 3.00% 9/15/2033  | 2370 | 2792 |
| Ford Motor Credit Co., LLC 3.622% 7/27/2028  | 960 | 1137 |
| French Republic O.A.T. 0.75% 2/25/2028  | 980 | 1114 |
| French Republic O.A.T. 2.75% 2/25/2029  | 1790 | 2119 |
| French Republic O.A.T. 0% 11/25/2030  | 19550 | 20068 |
| French Republic O.A.T. 0% 5/25/2032  | 2120 | 2056 |
| French Republic O.A.T. 2.00% 11/25/2032  | 3170 | 3467 |
| French Republic O.A.T. 3.00% 5/25/2033  | 1920 | 2225 |
| French Republic O.A.T. 3.00% 11/25/2034  | 4430 | 5039 |
| French Republic O.A.T. 0.50% 5/25/2040  | 600 | 440 |
| French Republic O.A.T. 0.75% 5/25/2052  | 180 | 93 |
| French Republic O.A.T. 3.75% 5/25/2056  | 400 | 414 |
| Germany (Federal Republic of) 0% 10/9/2026  | 2305 | 2668 |
| Germany (Federal Republic of) 0% 11/15/2027  | 1400 | 1583 |
| Germany (Federal Republic of) 1.70% 8/15/2032  | 930 | 1034 |
| Germany (Federal Republic of) 2.50% 2/15/2035  | 23125 | 26485 |
| Germany (Federal Republic of) 1.00% 5/15/2038  | 1300 | 1203 |
| Germany (Federal Republic of) 0% 8/15/2050  | 1200 | 609 |
| Germany (Federal Republic of) 2.90% 8/15/2056  | 1190 | 1247 |
| Greece (Hellenic Republic of) 3.875% 6/15/2028  | 615 | 750 |
| Greece (Hellenic Republic of) 1.50% 6/18/2030  | 690 | 773 |
| Greece (Hellenic Republic of) 1.75% 6/18/2032  | 1915 | 2089 |
| Greece (Hellenic Republic of) 3.90% 1/30/2033  | 3200 | 3943 |
| Greece (Hellenic Republic of) 3.625% 6/15/2035  | 2895 | 3455 |
| Greece (Hellenic Republic of) 4.125% 6/15/2054  | 640 | 734 |
| Hungary (Republic of) 4.875% 3/22/2040  | 305 | 358 |
| ING Groep NV 5.25% 11/14/2033 (3-month EUR-EURIBOR + 2.15% on 11/14/2032) <sup>(a)</sup>  | 1200 | 1558 |
| Ireland (Republic of) 2.60% 10/18/2034  | 1820 | 2073 |
| Ireland (Republic of) 3.00% 10/18/2043  | 1130 | 1245 |
| Ireland (Republic of) 3.15% 10/18/2055  | 755 | 791 |
| Italy (Republic of) 3.10% 8/28/2026  | 3425 | 4052 |
| Italy (Republic of) 1.35% 4/1/2030  | 7 | 8 |
| Italy (Republic of) 2.70% 10/1/2030  | 1365 | 1600 |
| Italy (Republic of) 3.25% 11/15/2032  | 2595 | 3075 |
| Italy (Republic of) 4.20% 3/1/2034  | 1430 | 1791 |
| Italy (Republic of) 3.65% 8/1/2035  | 5600 | 6685 |
| Italy (Republic of) 3.85% 10/1/2040  | 2180 | 2549 |
| Italy (Republic of) 4.30% 10/1/2054  | 4875 | 5687 |
| Johnson & Johnson 3.35% 2/26/2037  | 360 | 414 |
| Lithuania (Republic of) 3.50% 7/3/2031  | 1170 | 1406 |
| Lithuania (Republic of) 2.125% 6/1/2032  | 2665 | 2942 |
| Lithuania (Republic of) 3.50% 2/13/2034  | 1620 | 1919 |
| Lloyds Banking Group PLC 3.875% 5/14/2032 (1-year EUR-ICE Swap EURIBOR + 1.18% on 5/14/2031) <sup>(a)</sup>  | 100 | 120 |
| Magyar Export-Import Bank 6.00% 5/16/2029  | 1430 | 1802 |
| Metropolitan Life Global Funding I 0.55% 6/16/2027 <sup>(b)</sup>  | 2000 | 2287 |
| MPT Finance Corp. 7.00% 2/15/2032  | 100 | 123 |
| NatWest Group PLC 0.78% 2/26/2030 (3-month EUR-EURIBOR + 0.949% on 2/26/2029) <sup>(a)</sup>  | 2725 | 2989 |
| NatWest Group PLC 1.043% 9/14/2032 (5-year EUR Mid-Swap + 1.27% on 9/14/2027) <sup>(a)</sup>  | 185 | 211 |
| Ontario (Province of) 3.25% 7/3/2035  | 2420 | 2816 |
| Orange 3.50% 5/19/2035  | 1600 | 1856 |
| PepsiCo, Inc. 0.75% 10/14/2033  | 2000 | 1947 |
| Philip Morris International, Inc. 2.75% 6/6/2029  | 770 | 899 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(a)</sup>  | 320 | 414 |
| Piraeus Bank SA 5.00% 4/16/2030 (1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029) <sup>(a)</sup>  | 730 | 907 |
| Portugal (Republic of) 0.475% 10/18/2030  | 350 | 375 |
| Portugal (Republic of) 3.00% 6/15/2035  | 1720 | 1998 |
| Portugal (Republic of) 3.375% 6/15/2040  | 715 | 822 |
| Portugal (Republic of) 3.625% 6/12/2054  | 685 | 755 |

---

---

| | |
|:---|:---|
| **201** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Euros (continued)** |  |  |
| Prysmian SpA 3.875% 11/28/2031  | EUR435 | $524 |
| Romania 2.125% 3/7/2028  | 500 | 579 |
| Severn Trent Utilities Finance PLC 4.00% 3/5/2034  | 475 | 571 |
| Shell International Finance BV 1.50% 4/7/2028  | 2000 | 2299 |
| Slovak Republic, Series 250, 3.75% 3/6/2034  | 640 | 773 |
| Spain (Kingdom of) 0% 1/31/2028  | 900 | 1012 |
| Spain (Kingdom of) 1.40% 7/30/2028  | 1650 | 1898 |
| Spain (Kingdom of) 1.45% 4/30/2029  | 1890 | 2156 |
| Spain (Kingdom of) 1.25% 10/31/2030  | 1295 | 1428 |
| Spain (Kingdom of) 0.50% 10/31/2031  | 1247 | 1289 |
| Spain (Kingdom of) 3.55% 10/31/2033  | 5005 | 6082 |
| Spain (Kingdom of) 3.25% 4/30/2034  | 1980 | 2347 |
| Spain (Kingdom of) 3.20% 10/31/2035  | 510 | 595 |
| Spain (Kingdom of) 1.90% 10/31/2052  | 1010 | 775 |
| State Grid Overseas Investment (2016), Ltd. 2.125% 5/2/2030  | 200 | 229 |
| Stryker Corp. 1.00% 12/3/2031  | 450 | 466 |
| T-Mobile USA, Inc. 3.15% 2/11/2032  | 1705 | 1984 |
| Toyota Motor Credit Corp. 0.125% 11/5/2027  | 1850 | 2079 |
| Treasury Corp. of Victoria 3.625% 9/29/2040  | 2230 | 2571 |
| United Mexican States 3.50% 9/19/2029  | 650 | 763 |
| Verallia SAS 3.875% 11/4/2032  | 4500 | 5161 |
| Verizon Communications, Inc. 3.50% 6/28/2032  | 1620 | 1914 |
|  |  | 303335 |
| **Japanese yen 7.20%** |  |  |
| Indonesia (Republic of), Series 20, 0.57% 5/27/2026  | JPY100,000 | 637 |
| Indonesia (Republic of), Series 31, 0.99% 5/27/2027  | 400000 | 2534 |
| Indonesia (Republic of), Series 32, 1.33% 5/25/2029  | 300000 | 1869 |
| Japan, Series 474, 0.70% 7/1/2027  | 762850 | 4845 |
| Japan, Series 352, 0.10% 9/20/2028  | 2585750 | 16016 |
| Japan, Series 356, 0.10% 9/20/2029  | 1029800 | 6266 |
| Japan, Series 116, 2.20% 3/20/2030  | 576100 | 3787 |
| Japan, Series 362, 0.10% 3/20/2031  | 514000 | 3041 |
| Japan, Series 374, 0.80% 3/20/2034  | 68200 | 399 |
| Japan, Series 30, 0.005% 3/10/2035 <sup>(c)</sup>  | 646511 | 4027 |
| Japan, Series 152, 1.20% 3/20/2035  | 1239550 | 7390 |
| Japan, Series 21, 2.30% 12/20/2035  | 720000 | 4696 |
| Japan, Series 162, 0.60% 9/20/2037  | 1966150 | 10429 |
| Japan, Series 173, 0.40% 6/20/2040  | 270900 | 1282 |
| Japan, Series 179, 0.50% 12/20/2041  | 196950 | 903 |
| Japan, Series 182, 1.10% 9/20/2042  | 619850 | 3096 |
| Japan, Series 186, 1.50% 9/20/2043  | 1341900 | 7016 |
| Japan, Series 188, 1.60% 3/20/2044  | 69000 | 363 |
| Japan, Series 192, 2.40% 3/20/2045  | 1387100 | 8201 |
| Japan, Series 53, 0.60% 12/20/2046  | 781600 | 3136 |
| Japan, Series 37, 0.60% 6/20/2050  | 694500 | 2460 |
| Japan, Series 73, 0.70% 12/20/2051  | 1568700 | 5419 |
| Japan, Series 74, 1.00% 3/20/2052  | 246100 | 926 |
| Japan, Series 76, 1.40% 9/20/2052  | 5800 | 24 |
| Japan, Series 79, 1.20% 6/20/2053  | 612200 | 2395 |
| Japan, Series 81, 1.60% 12/20/2053  | 168700 | 732 |
| Japan, Series 84, 2.10% 9/20/2054  | 958150 | 4694 |
|  |  | 106583 |
| **British pounds 4.42%** |  |  |
| Credit Agricole SA 5.375% 1/15/2029 (1-year GBP-GILT + 1.65% on 1/15/2028) <sup>(a)</sup>  | GBP800 | 1098 |
| Electricite de France SA 5.50% 3/27/2037  | 900 | 1174 |
| Lloyds Banking Group PLC 2.707% 12/3/2035 (5-year GBP-GILT + 2.40% on 12/3/2030) <sup>(a)</sup>  | 900 | 1089 |
| Quebec (Province of) 2.25% 9/15/2026  | 1870 | 2493 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **202** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **British pounds (continued)** |  |  |
| United Kingdom 0.125% 1/30/2026  | GBP425 | $572 |
| United Kingdom 4.25% 12/7/2027  | 3785 | 5161 |
| United Kingdom 1.625% 10/22/2028  | 3690 | 4706 |
| United Kingdom 4.125% 7/22/2029  | 2015 | 2741 |
| United Kingdom 4.75% 12/7/2030  | 4770 | 6678 |
| United Kingdom 0.25% 7/31/2031  | 12845 | 14159 |
| United Kingdom 1.00% 1/31/2032  | 7120 | 8017 |
| United Kingdom 4.25% 6/7/2032  | 1310 | 1782 |
| United Kingdom 3.25% 1/31/2033  | 1090 | 1380 |
| United Kingdom 0.625% 7/31/2035  | 210 | 199 |
| United Kingdom 0.875% 1/31/2046  | 4917 | 3125 |
| United Kingdom 3.75% 10/22/2053  | 1870 | 1980 |
| United Kingdom 4.375% 7/31/2054  | 5570 | 6584 |
| United Kingdom 2.50% 7/22/2065  | 3313 | 2495 |
|  |  | 65433 |
| **Brazilian reais 2.30%** |  |  |
| Brazil (Federative Republic of) 0% 1/1/2026  | BRL102,863 | 18761 |
| Brazil (Federative Republic of) 10.00% 1/1/2031  | 17384 | 2788 |
| Brazil (Federative Republic of) 10.00% 1/1/2035  | 43767 | 6549 |
| Brazil (Federative Republic of) 6.00% 8/15/2040 <sup>(c)</sup>  | 2152 | 351 |
| Brazil (Federative Republic of) 6.00% 8/15/2050 <sup>(c)</sup>  | 27098 | 4307 |
| Brazil (Federative Republic of) 6.00% 8/15/2060 <sup>(c)</sup>  | 8019 | 1254 |
|  |  | 34010 |
| **South Korean won 1.81%** |  |  |
| South Korea (Republic of), Series 2709, 3.125% 9/10/2027  | KRW4,513,500 | 3150 |
| South Korea (Republic of), Series 2712, 2.375% 12/10/2027  | 5158930 | 3550 |
| South Korea (Republic of), Series 2803, 3.25% 3/10/2028  | 3998100 | 2797 |
| South Korea (Republic of), Series 3212, 4.25% 12/10/2032  | 18379880 | 13445 |
| South Korea (Republic of), Series 3512, 3.25% 12/10/2035  | 5519130 | 3804 |
|  |  | 26746 |
| **Chinese yuan renminbi 1.76%** |  |  |
| China (People's Republic of), Series INBK, 1.49% 12/25/2031  | CNY39,540 | 5590 |
| China (People's Republic of), Series INBK, 2.75% 2/17/2032  | 1160 | 176 |
| China (People's Republic of), Series INBK, 1.57% 5/15/2032  | 17280 | 2448 |
| China (People's Republic of), Series INBK, 2.88% 2/25/2033  | 22230 | 3431 |
| China (People's Republic of), Series INBK, 2.27% 5/25/2034  | 54910 | 8127 |
| China (People's Republic of), Series INBK, 3.53% 10/18/2051  | 800 | 140 |
| China (People's Republic of), Series INBK, 3.12% 10/25/2052  | 4740 | 781 |
| China (People's Republic of), Series INBK, 3.19% 4/15/2053  | 4720 | 788 |
| China (People's Republic of), Series INBK, 3.00% 10/15/2053  | 5150 | 834 |
| China (People's Republic of), Series INBK, 1.92% 1/15/2055  | 28690 | 3791 |
|  |  | 26106 |
| **Australian dollars 1.58%** |  |  |
| Australia (Commonwealth of), Series 157, 1.50% 6/21/2031  | AUD3,640 | 2096 |
| Australia (Commonwealth of), Series 163, 1.00% 11/21/2031  | 5789 | 3189 |
| Australia (Commonwealth of), Series 167, 3.75% 5/21/2034  | 4415 | 2766 |
| New South Wales Treasury Corp. 5.25% 2/24/2038  | 3956 | 2570 |
| Treasury Corp. of Victoria 5.50% 9/15/2039  | 19544 | 12734 |
|  |  | 23355 |

---

---

| | |
|:---|:---|
| **203** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Indian rupees 1.29%** |  |  |
| Asian Development Bank 6.72% 2/8/2028  | INR144,700 | $1617 |
| European Bank for Reconstruction and Development 5.25% 1/12/2027  | 81400 | 891 |
| European Bank for Reconstruction and Development 6.30% 10/26/2027  | 34000 | 379 |
| European Bank for Reconstruction and Development 6.75% 3/14/2031  | 248500 | 2745 |
| European Bank for Reconstruction and Development 6.75% 1/13/2032  | 547100 | 6083 |
| European Investment Bank 6.95% 3/1/2029  | 46200 | 519 |
| European Investment Bank 7.40% 10/23/2033  | 388300 | 4468 |
| Inter-American Development Bank 7.00% 1/25/2029  | 18000 | 202 |
| International Bank for Reconstruction and Development 6.75% 9/8/2027  | 126400 | 1412 |
| Korea Development Bank 6.75% 7/1/2030  | 73000 | 805 |
|  |  | 19121 |
| **Canadian dollars 1.26%** |  |  |
| Canada (Government) 3.50% 3/1/2028  | CAD15,013 | 11134 |
| Canada (Government) 3.25% 12/1/2033  | 7330 | 5334 |
| Canada (Government) 2.75% 12/1/2048  | 3500 | 2142 |
|  |  | 18610 |
| **Malaysian ringgits 1.22%** |  |  |
| Malaysia (Federation of), Series 0419, 3.828% 7/5/2034  | MYR5,412 | 1368 |
| Malaysia (Federation of), Series 0124, 4.054% 4/18/2039  | 6143 | 1559 |
| Malaysia (Federation of), Series 0519, 3.757% 5/22/2040  | 10588 | 2601 |
| Malaysia (Federation of), Series 0221, 4.417% 9/30/2041  | 2484 | 657 |
| Malaysia (Federation of), Series 0223, 4.291% 8/14/2043  | 9030 | 2350 |
| Malaysia (Federation of), Series 0224, 4.18% 5/16/2044  | 35614 | 9149 |
| Malaysia (Federation of), Series 0417, 4.895% 5/8/2047  | 1277 | 361 |
|  |  | 18045 |
| **Hungarian forints 1.11%** |  |  |
| Hungary (Republic of) 3.00% 8/21/2030  | HUF2,824,560 | 7500 |
| Hungary (Republic of) 4.50% 5/27/2032  | 1731010 | 4742 |
| Hungary (Republic of) 4.75% 11/24/2032  | 1494300 | 4117 |
|  |  | 16359 |
| **Indonesian rupiah 0.52%** |  |  |
| Indonesia (Republic of), Series FR84, 7.25% 2/15/2026  | IDR22,733,000 | 1370 |
| Indonesia (Republic of), Series FR64, 6.125% 5/15/2028  | 1556000 | 95 |
| Indonesia (Republic of), Series FR71, 9.00% 3/15/2029  | 26010000 | 1725 |
| Indonesia (Republic of), Series FR82, 7.00% 9/15/2030  | 2930000 | 185 |
| Indonesia (Republic of), Series FR100, 6.625% 2/15/2034  | 29412000 | 1826 |
| Indonesia (Republic of), Series FR68, 8.375% 3/15/2034  | 6937000 | 475 |
| Indonesia (Republic of), Series 103, 6.75% 7/15/2035  | 32954000 | 2079 |
|  |  | 7755 |
| **Mexican pesos 0.44%** |  |  |
| America Movil, SAB de CV, 10.125% 1/22/2029  | MXN13,920 | 798 |
| America Movil, SAB de CV, 9.50% 1/27/2031  | 41870 | 2369 |
| America Movil, SAB de CV, 10.30% 1/30/2034  | 19710 | 1156 |
| United Mexican States, Series M30, 8.50% 11/18/2038  | 21100 | 1100 |
| United Mexican States, Series M, 8.00% 7/31/2053  | 21739 | 1031 |
|  |  | 6454 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **204** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Danish kroner 0.43%** |  |  |
| Nykredit Realkredit AS, Series 01E, 0.50% 10/1/2043 <sup>(d)</sup>  | DKK46,626 | $6029 |
| Realkredit Danmark AS 1.00% 10/1/2053 <sup>(d)</sup>  | 2461 | 299 |
|  |  | 6328 |
| **Colombian pesos 0.30%** |  |  |
| Colombia (Republic of), Series B, 7.25% 10/18/2034  | COP11,132,100 | 2098 |
| Colombia (Republic of), Series B, 11.75% 1/24/2035  | 4779600 | 1183 |
| Colombia (Republic of), Series B, 7.25% 10/26/2050  | 7150600 | 1090 |
|  |  | 4371 |
| **South African rand 0.28%** |  |  |
| South Africa (Republic of), Series R-2030, 8.00% 1/31/2030  | ZAR8,400 | 518 |
| South Africa (Republic of), Series R-2032, 8.25% 3/31/2032  | 59870 | 3703 |
|  |  | 4221 |
| **Chilean pesos 0.28%** |  |  |
| Chile (Republic of) 1.50% 3/1/2026 <sup>(c)</sup>  | CLP914,184 | 1013 |
| Chile (Republic of) 5.00% 10/1/2028  | 955000 | 1069 |
| Chile (Republic of) 6.00% 4/1/2033  | 1720000 | 1992 |
|  |  | 4074 |
| **Polish zloty 0.27%** |  |  |
| Poland (Republic of), Series 1029, 2.75% 10/25/2029  | PLN4,900 | 1294 |
| Poland (Republic of), Series 1033, 6.00% 10/25/2033  | 9280 | 2766 |
|  |  | 4060 |
| **New Zealand dollars 0.20%** |  |  |
| New Zealand 4.25% 5/15/2036  | NZD3,397 | 1915 |
| New Zealand 3.25% 9/20/2050 <sup>(c)</sup>  | 1729 | 1025 |
|  |  | 2940 |
| **Turkish lira 0.12%** |  |  |
| Turkey (Republic of), Series 2Y, 36.00% 8/12/2026  | TRY70,000 | 1644 |
| Turkey (Republic of), Series 10Y, 17.80% 7/13/2033  | 12175 | 201 |
|  |  | 1845 |
| **Philippine pesos 0.08%** |  |  |
| Asian Development Bank 5.25% 4/29/2035  | PHP45,900 | 769 |
| Philippines (Republic of) 6.75% 9/15/2032  | 27600 | 491 |
|  |  | 1260 |
| **Czech korunas 0.06%** |  |  |
| Czech Republic 6.00% 2/26/2026  | CZK17,550 | 857 |
| **U.S. dollars 43.50%** |  |  |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(e)</sup>  | USD200 | 208 |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(e)</sup>  | 27 | 28 |
| AbbVie, Inc. 5.05% 3/15/2034  | 2790 | 2868 |
| AbbVie, Inc. 5.35% 3/15/2044  | 75 | 74 |
| AbbVie, Inc. 5.50% 3/15/2064  | 150 | 146 |
| ACHV ABS Trust, Series 2024-3AL, Class C, 5.68% 12/26/2031 <sup>(d)(e)</sup>  | 54 | 55 |

---

---

| | |
|:---|:---|
| **205** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | USD45 | $46 |
| AerCap Ireland Capital DAC 2.45% 10/29/2026  | 2102 | 2074 |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% <br> 11/17/2029 <sup>(e)(f)(g)(h)</sup>  | 442 | 439 |
| Aeropuerto Internacional de Tocumen SA 5.125% 8/11/2061 <sup>(e)</sup>  | 660 | 537 |
| AG Issuer, LLC 6.25% 3/1/2028 <sup>(e)</sup>  | 165 | 166 |
| AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028) <sup>(a)(e)</sup>  | 1147 | 1218 |
| AIB Group PLC 5.871% 3/28/2035 (USD-SOFR + 1.91% on 3/28/2034) <sup>(a)(e)</sup>  | 2985 | 3156 |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(e)</sup>  | 140 | 135 |
| Albion Financing 1 SARL 7.00% 5/21/2030 <sup>(e)</sup>  | 200 | 210 |
| Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.216% <br>5/30/2033 <sup>(g)(h)</sup>  | 65 | 66 |
| Alfa Transmisora De Energia SA 4.55% 9/27/2051  | 1295 | 1047 |
| Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) 5.014% <br> 4/20/2032 <sup>(d)(e)(h)</sup>  | 284 | 284 |
| Alliance Resource Operating Partners, LP 8.625% 6/15/2029 <sup>(e)</sup>  | 50 | 53 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(e)</sup>  | 145 | 147 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(e)</sup>  | 120 | 121 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(e)</sup>  | 180 | 187 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(e)</sup>  | 65 | 67 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(e)</sup>  | 70 | 73 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(e)</sup>  | 300 | 297 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(e)</sup>  | 200 | 208 |
| Amazon.com, Inc. 1.50% 6/3/2030  | 2040 | 1840 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 578 | 565 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(e)</sup>  | 98 | 103 |
| Amer Sports Co. 6.75% 2/16/2031 <sup>(e)</sup>  | 35 | 37 |
| American Express Co. 5.532% 4/25/2030 (USD-SOFR + 1.09% on 4/25/2029) <sup>(a)</sup>  | 1030 | 1075 |
| Amgen, Inc. 2.20% 2/21/2027  | 445 | 437 |
| Amgen, Inc. 5.25% 3/2/2030  | 981 | 1019 |
| Amgen, Inc. 5.25% 3/2/2033  | 2687 | 2782 |
| Amgen, Inc. 5.65% 3/2/2053  | 1284 | 1258 |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(e)</sup>  | 110 | 107 |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(e)</sup>  | 115 | 108 |
| AP Core Holdings II, LLC, Term Loan B, (3-month USD CME Term SOFR + 5.614%) 9.331% 9/1/2027 <sup>(g)(h)</sup>  | 95 | 95 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(d)(e)</sup>  | 3541 | 3555 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(d)(e)</sup>  | 958 | 966 |
| Apollo Aviation Securitization Equity Trust, Series 2025-1A, Class A, 5.943% 2/16/2050 <sup>(d)(e)</sup>  | 537 | 549 |
| Apple Bidco, LLC, Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.216% 9/23/2031 <sup>(g)(h)</sup>  | 144 | 145 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(e)</sup>  | 245 | 247 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(e)</sup>  | 45 | 49 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(e)</sup>  | 55 | 55 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(e)</sup>  | 25 | 26 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(e)</sup>  | 15 | 16 |
| AT&T, Inc. 3.50% 9/15/2053  | 2070 | 1386 |
| ATI, Inc. 7.25% 8/15/2030  | 60 | 63 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(e)</sup>  | 122 | 117 |
| Avient Corp. 6.25% 11/1/2031 <sup>(e)</sup>  | 25 | 26 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/2027 <sup>(d)(e)</sup>  | 1817 | 1829 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(d)(e)</sup>  | 996 | 1037 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 210 | 206 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(e)</sup>  | 25 | 25 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(e)</sup>  | 865 | 896 |
| Baldwin Insurance Group Holdings, LLC 7.125% 5/15/2031 <sup>(e)</sup>  | 20 | 21 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class AS, 7.274% 12/15/2056 <sup>(d)(h)</sup>  | 219 | 234 |
| Bank Gospodarstwa Krajowego 5.75% 7/9/2034 <sup>(e)</sup>  | 950 | 1001 |
| Bank Gospodarstwa Krajowego 6.25% 7/9/2054 <sup>(e)</sup>  | 425 | 442 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(a)</sup>  | 4040 | 3614 |
| Bank of America Corp. 5.464% 5/9/2036 (USD-SOFR + 1.64% on 5/9/2035) <sup>(a)</sup>  | 1535 | 1599 |
| BAT Capital Corp. 3.215% 9/6/2026  | 955 | 950 |
| BAT Capital Corp. 4.625% 3/22/2033  | 188 | 187 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **206** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| BAT Capital Corp. 5.625% 8/15/2035  | USD5,501 | $5733 |
| Bath & Body Works, Inc. 6.625% 10/1/2030 <sup>(e)</sup>  | 120 | 123 |
| Bath & Body Works, Inc. 6.875% 11/1/2035  | 75 | 76 |
| BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on <br> 6/29/2033) <sup>(a)</sup>  | 3056 | 3382 |
| Becton, Dickinson and Co. 4.298% 8/22/2032  | 320 | 316 |
| BIP-V Chinook Holdco, LLC 5.50% 6/15/2031 <sup>(e)</sup>  | 400 | 396 |
| Block, Inc. 5.625% 8/15/2030 <sup>(e)</sup>  | 40 | 41 |
| Block, Inc. 6.50% 5/15/2032  | 240 | 250 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(d)(h)</sup>  | 1070 | 1113 |
| BMW US Capital, LLC 4.15% 4/9/2030 <sup>(e)</sup>  | 900 | 895 |
| BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) <sup>(a)(e)</sup>  | 700 | 663 |
| BNP Paribas SA 2.871% 4/19/2032 (USD-SOFR + 1.387% on 4/19/2031) <sup>(a)(e)</sup>  | 1275 | 1166 |
| Boeing Co. (The) 6.259% 5/1/2027  | 45 | 46 |
| Boeing Co. (The) 5.15% 5/1/2030  | 2451 | 2519 |
| Boeing Co. (The) 3.625% 2/1/2031  | 718 | 690 |
| Boeing Co. (The) 6.388% 5/1/2031  | 723 | 785 |
| Boeing Co. (The) 6.528% 5/1/2034  | 457 | 506 |
| Boeing Co. (The) 5.805% 5/1/2050  | 50 | 49 |
| Boeing Co. (The) 6.858% 5/1/2054  | 526 | 591 |
| Boost Newco Borrower, LLC 7.50% 1/15/2031 <sup>(e)</sup>  | 25 | 27 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(e)</sup>  | 277 | 279 |
| Boyd Gaming Corp. 4.75% 6/15/2031 <sup>(e)</sup>  | 45 | 44 |
| Boyne USA, Inc. 4.75% 5/15/2029 <sup>(e)</sup>  | 107 | 106 |
| Braskem Netherlands Finance BV 4.50% 1/31/2030  | 2228 | 873 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031  | 2329 | 913 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(e)</sup>  | 525 | 206 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033  | 793 | 308 |
| BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.496% 2/25/2065 (6.496% on <br>5/1/2027) <sup>(a)(d)(e)</sup>  | 1348 | 1360 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 1925 | 2002 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 2200 | 2162 |
| Broadcom, Inc. 4.00% 4/15/2029 <sup>(e)</sup>  | 250 | 249 |
| Broadcom, Inc. 3.469% 4/15/2034  | 746 | 680 |
| Broadcom, Inc. 3.137% 11/15/2035 <sup>(e)</sup>  | 185 | 159 |
| Brookfield Property REIT, Inc. 5.75% 5/15/2026 <sup>(e)</sup>  | 63 | 63 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 100 | 102 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 70 | 73 |
| Burlington Northern Santa Fe, LLC 5.50% 3/15/2055  | 232 | 229 |
| BWX Technologies, Inc. 4.125% 4/15/2029 <sup>(e)</sup>  | 175 | 171 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(d)(e)</sup>  | 1724 | 1772 |
| BX Trust, Series 2025-ARIA, Class A, 5.031% 12/13/2042 <sup>(d)(e)(h)</sup>  | 3685 | 3723 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.70% 12/15/2044 <sup>(d)(e)(h)</sup>  | 3368 | 3376 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(e)</sup>  | 64 | 66 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(e)</sup>  | 45 | 46 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(a)(e)</sup>  | 1633 | 1697 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 349 | 262 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 1085 | 721 |
| CAN-PACK Spolka Akcyjna 3.875% 11/15/2029 <sup>(e)</sup>  | 90 | 86 |
| Cascade Funding Mortgage Trust, Series 2024-NR1, Class A1, 6.405% 11/25/2029 (9.405% on <br>11/25/2027) <sup>(a)(d)(e)</sup>  | 156 | 156 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class M1, 4.00% 8/25/2034 <sup>(d)(e)(h)</sup>  | 614 | 604 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(d)(e)(h)</sup>  | 90 | 90 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(d)(e)</sup>  | 801 | 815 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(e)</sup>  | 15 | 16 |
| CCO Holdings, LLC 5.125% 5/1/2027 <sup>(e)</sup>  | 125 | 125 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(e)</sup>  | 135 | 129 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(e)</sup>  | 240 | 226 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(e)</sup>  | 155 | 143 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(e)</sup>  | 147 | 129 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(e)</sup>  | 55 | 47 |

---

---

| | |
|:---|:---|
| **207** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Centene Corp. 2.45% 7/15/2028  | USD40 | $37 |
| Centene Corp. 4.625% 12/15/2029  | 35 | 34 |
| Centene Corp. 2.50% 3/1/2031  | 65 | 56 |
| Central Garden & Pet Co. 4.125% 10/15/2030  | 74 | 71 |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(e)</sup>  | 110 | 104 |
| Charter Communications Operating, LLC 3.75% 2/15/2028  | 2650 | 2613 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 641 | 640 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 384 | 289 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 188 | 119 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 458 | 296 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 17 | 13 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 3618 | 3472 |
| Cheniere Energy Partners, LP 3.25% 1/31/2032  | 26 | 24 |
| China Oil and Gas Group, Ltd. 4.70% 6/30/2026  | 1130 | 1115 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 195 | 195 |
| Chubb INA Holdings, LLC 4.35% 11/3/2045  | 425 | 371 |
| Cipher Compute, LLC 7.125% 11/15/2030 <sup>(e)</sup>  | 35 | 36 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/2028 <sup>(d)(e)(h)</sup>  | 805 | 839 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(d)(e)(h)</sup>  | 1240 | 1279 |
| Citizens Financial Group, Inc. 5.718% 7/23/2032 (USD-SOFR + 1.91% on 7/23/2031) <sup>(a)</sup>  | 421 | 442 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(e)</sup>  | 90 | 93 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(e)</sup>  | 15 | 16 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(e)</sup>  | 45 | 44 |
| Clarivate Science Holdings Corp. 4.875% 7/1/2029 <sup>(e)</sup>  | 5 | 5 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(e)</sup>  | 100 | 104 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(e)</sup>  | 75 | 72 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(e)</sup>  | 235 | 238 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(e)</sup>  | 175 | 182 |
| CMS Energy Corp. 3.00% 5/15/2026  | 1200 | 1196 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(e)</sup>  | 110 | 115 |
| Coca-Cola Co. 4.65% 8/14/2034  | 336 | 343 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(e)</sup>  | 55 | 52 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(e)</sup>  | 85 | 76 |
| Colombia (Republic of) 3.875% 4/25/2027  | 350 | 347 |
| Colombia (Republic of) 7.375% 4/25/2030  | 2400 | 2540 |
| Colombia (Republic of) 3.125% 4/15/2031  | 3000 | 2607 |
| Colombia (Republic of) 8.00% 11/14/2035  | 347 | 371 |
| Comcast Corp. 4.80% 5/15/2033  | 4100 | 4137 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(e)</sup>  | 198 | 183 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(e)</sup>  | 67 | 60 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(e)</sup>  | 65 | 63 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(e)</sup>  | 200 | 212 |
| Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M1, (30-day Average USD-SOFR + 2.30%) <br> 6.174% 5/25/2043 <sup>(d)(e)(h)</sup>  | 1032 | 1052 |
| Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M2, (30-day Average USD-SOFR + 3.55%) <br> 7.424% 5/25/2043 <sup>(d)(e)(h)</sup>  | 804 | 844 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) <br> 5.774% 6/25/2043 <sup>(d)(e)(h)</sup>  | 503 | 508 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M2, (30-day Average USD-SOFR + 3.10%) <br> 6.974% 6/25/2043 <sup>(d)(e)(h)</sup>  | 305 | 317 |
| Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) <br> 5.574% 7/25/2043 <sup>(d)(e)(h)</sup>  | 326 | 328 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2, (30-day Average USD-SOFR + 1.80%) <br> 5.674% 1/25/2044 <sup>(d)(e)(h)</sup>  | 206 | 207 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M2, (30-day Average USD-SOFR + 1.65%) <br> 5.524% 5/25/2044 <sup>(d)(e)(h)</sup>  | 1148 | 1153 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) <br> 4.874% 2/25/2045 <sup>(d)(e)(h)</sup>  | 252 | 253 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) <br> 5.024% 2/25/2045 <sup>(d)(e)(h)</sup>  | 437 | 438 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(e)</sup>  | 200 | 208 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **208** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| COPT Defense Properties, LP 2.75% 4/15/2031  | USD1,212 | $1107 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 748 | 710 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(e)</sup>  | 384 | 378 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.614%) 10.331% 6/4/2029 <sup>(g)(h)</sup>  | 65 | 66 |
| Coty, Inc. 4.75% 1/15/2029 <sup>(e)</sup>  | 65 | 64 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(e)</sup>  | 355 | 359 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(e)</sup>  | 65 | 70 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% 5/6/2032 <sup>(g)(h)</sup>  | 124 | 126 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(e)</sup>  | 128 | 132 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(e)</sup>  | 165 | 160 |
| Crown Castle, Inc. 2.50% 7/15/2031  | 767 | 686 |
| CSN Inova Ventures 6.75% 1/28/2028 <sup>(b)</sup>  | 2740 | 2542 |
| CSX Corp. 3.80% 4/15/2050  | 75 | 57 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(e)</sup>  | 10 | 10 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(e)</sup>  | 40 | 42 |
| Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026) <sup>(a)</sup>  | 1160 | 1141 |
| Deutsche Telekom International Finance BV 9.25% 6/1/2032  | 930 | 1160 |
| Diamond Sports Net, LLC, Term Loan, 15.00% PIK 1/2/2028 <sup>(g)(i)</sup>  | 9 | 3 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(e)</sup>  | 125 | 133 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(e)</sup>  | 21 | 21 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(e)</sup>  | 60 | 61 |
| DIRECTV Financing, LLC, Term Loan, (3-month USD CME Term SOFR + 5.262%) 9.102% 8/2/2027 <sup>(g)(h)</sup>  | 5 | 5 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(e)</sup>  | 296 | 308 |
| Duke Energy Florida, LLC 4.85% 12/1/2035  | 175 | 174 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(d)(e)(h)</sup>  | 1597 | 1631 |
| EchoStar Corp. 10.75% 11/30/2029  | 105 | 116 |
| Edison International 5.25% 11/15/2028  | 1862 | 1888 |
| Edison International 5.45% 6/15/2029  | 75 | 76 |
| Edison International 6.95% 11/15/2029  | 350 | 373 |
| Edison International 5.25% 3/15/2032  | 705 | 706 |
| Egypt (Arab Republic of) 9.45% 2/4/2033 <sup>(e)</sup>  | 460 | 529 |
| Electricite de France SA 5.65% 4/22/2029 <sup>(e)</sup>  | 800 | 833 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate <br>T Note Constant Maturity + 5.411% on 6/15/2033) <sup>(a)</sup>  | 435 | 508 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate <br>T Note Constant Maturity + 5.411% on 6/15/2033) <sup>(a)(e)</sup>  | 300 | 350 |
| Element Solutions, Inc. 3.875% 9/1/2028 <sup>(e)</sup>  | 105 | 103 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(e)</sup>  | 25 | 26 |
| Ellucian Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.466% 11/22/2032 <sup>(g)(h)</sup>  | 25 | 25 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(e)</sup>  | 190 | 201 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.466% 4/23/2031 <sup>(g)(h)</sup>  | 84 | 83 |
| Enel Finance International NV 1.625% 7/12/2026 <sup>(e)</sup>  | 1248 | 1232 |
| Enel Finance International NV 2.125% 7/12/2028 <sup>(e)</sup>  | 1227 | 1167 |
| Enel Finance International NV 4.125% 9/30/2028 <sup>(e)</sup>  | 2125 | 2122 |
| Enfragen Energia Sur SA 5.375% 12/30/2030  | 3329 | 3099 |
| Enterprise Products Operating, LLC 4.95% 2/15/2035  | 168 | 170 |
| Enviri Corp. 5.75% 7/31/2027 <sup>(e)</sup>  | 145 | 145 |
| EQT Corp. 6.375% 4/1/2029  | 20 | 21 |
| EQT Corp. 7.50% 6/1/2030  | 45 | 50 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(d)(e)</sup>  | 498 | 502 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(e)</sup>  | 90 | 94 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(e)</sup>  | 15 | 16 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(d)(e)</sup>  | 148 | 150 |
| Exeter Automobile Receivables Trust, Series 2023-5A, Class B, 6.58% 4/17/2028 <sup>(d)</sup>  | 16 | 16 |
| Expand Energy Corp. 4.875% 4/15/2022 <sup>(j)</sup>  | 915 | — <br><sup>(k)</sup><br>|
| Expand Energy Corp. 6.75% 4/15/2029 <sup>(e)</sup>  | 30 | 30 |
| Expand Energy Corp. 5.375% 3/15/2030  | 55 | 56 |
| Expand Energy Corp. 4.75% 2/1/2032  | 15 | 15 |
| Export-Import Bank of Thailand 5.354% 5/16/2029  | 1420 | 1472 |
| Fair Isaac Corp. 4.00% 6/15/2028 <sup>(e)</sup>  | 15 | 15 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(e)</sup>  | 125 | 129 |

---

---

| | |
|:---|:---|
| **209** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Fannie Mae Pool #MA5696 7.00% 3/1/2045 <sup>(d)</sup>  | USD51 | $54 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(d)</sup>  | 6 | 5 |
| Fannie Mae Pool #FP0015 2.50% 9/1/2050 <sup>(d)</sup>  | 1 | 1 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(d)</sup>  | 117 | 116 |
| Fannie Mae Pool #FM9672 2.50% 12/1/2051 <sup>(d)</sup>  | 240 | 203 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(d)</sup>  | 1365 | 1107 |
| Fannie Mae Pool #FS9189 2.00% 5/1/2052 <sup>(d)</sup>  | 1332 | 1082 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(d)</sup>  | 3320 | 2697 |
| Fannie Mae Pool #CB4852 4.50% 10/1/2052 <sup>(d)</sup>  | 3753 | 3680 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(d)</sup>  | 48 | 48 |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(d)</sup>  | 1614 | 1582 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(d)</sup>  | 86 | 87 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(d)</sup>  | 188 | 192 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(d)</sup>  | 407 | 422 |
| Fannie Mae Pool #BY0943 4.00% 4/1/2053 <sup>(d)</sup>  | 19 | 18 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(d)</sup>  | 495 | 503 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(d)</sup>  | 15 | 15 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(d)</sup>  | 53 | 54 |
| Fannie Mae Pool #BW9648 3.50% 7/1/2053 <sup>(d)</sup>  | 27 | 25 |
| Fannie Mae Pool #CB6626 4.00% 7/1/2053 <sup>(d)</sup>  | 28 | 26 |
| Fannie Mae Pool #MA5071 5.00% 7/1/2053 <sup>(d)</sup>  | 398 | 399 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(d)</sup>  | 202 | 206 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(d)</sup>  | 1443 | 1472 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(d)</sup>  | 766 | 779 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(d)</sup>  | 1595 | 1642 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(d)</sup>  | 400 | 407 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(d)</sup>  | 1912 | 1968 |
| Fannie Mae Pool #DA4667 6.50% 1/1/2054 <sup>(d)</sup>  | 568 | 590 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(d)</sup>  | 575 | 584 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(d)</sup>  | 204 | 207 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(d)</sup>  | 419 | 425 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(d)</sup>  | 242 | 249 |
| Fannie Mae Pool #MA5401 3.50% 4/1/2054 <sup>(d)</sup>  | 149 | 138 |
| Fannie Mae Pool #BU4479 5.50% 4/1/2054 <sup>(d)</sup>  | 310 | 316 |
| Fannie Mae Pool #DB2495 6.00% 5/1/2054 <sup>(d)</sup>  | 210 | 216 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(d)</sup>  | 1575 | 1609 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(d)</sup>  | 695 | 722 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(d)</sup>  | 605 | 624 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(d)</sup>  | 389 | 400 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(d)</sup>  | 212 | 218 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(d)</sup>  | 184 | 191 |
| Fannie Mae Pool #MA5389 6.00% 6/1/2054 <sup>(d)</sup>  | 23 | 23 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(d)</sup>  | 3843 | 3921 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(d)</sup>  | 971 | 991 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(d)</sup>  | 742 | 766 |
| Fannie Mae Pool #DB5214 6.00% 7/1/2054 <sup>(d)</sup>  | 553 | 568 |
| Fannie Mae Pool #BU4707 6.00% 7/1/2054 <sup>(d)</sup>  | 537 | 552 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(d)</sup>  | 384 | 400 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(d)</sup>  | 237 | 243 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(d)</sup>  | 199 | 206 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(d)</sup>  | 164 | 169 |
| Fannie Mae Pool #FS8591 6.00% 7/1/2054 <sup>(d)</sup>  | 4 | 5 |
| Fannie Mae Pool #FS8786 6.50% 7/1/2054 <sup>(d)</sup>  | 13 | 14 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(d)</sup>  | 383 | 390 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(d)</sup>  | 461 | 479 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(d)</sup>  | 322 | 331 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(d)</sup>  | 284 | 292 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(d)</sup>  | 216 | 223 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(d)</sup>  | 186 | 192 |
| Fannie Mae Pool #DC0299 6.00% 8/1/2054 <sup>(d)</sup>  | 185 | 190 |
| Fannie Mae Pool #DB7692 6.00% 8/1/2054 <sup>(d)</sup>  | 179 | 185 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **210** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(d)</sup>  | USD150 | $154 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(d)</sup>  | 81 | 84 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(d)</sup>  | 69 | 72 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(d)</sup>  | 60 | 62 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(d)</sup>  | 35 | 36 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(d)</sup>  | 57 | 60 |
| Fannie Mae Pool #DC0503 6.00% 9/1/2054 <sup>(d)</sup>  | 835 | 858 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(d)</sup>  | 422 | 437 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(d)</sup>  | 171 | 178 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(d)</sup>  | 697 | 717 |
| Fannie Mae Pool #MA5530 5.00% 11/1/2054 <sup>(d)</sup>  | 1739 | 1736 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(d)</sup>  | 114 | 116 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(d)</sup>  | 46 | 46 |
| Fannie Mae Pool #MA5586 5.50% 1/1/2055 <sup>(d)</sup>  | 23 | 23 |
| Fannie Mae Pool #DC9957 6.00% 1/1/2055 <sup>(d)</sup>  | 660 | 679 |
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(d)</sup>  | 3973 | 3882 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(d)</sup>  | 594 | 580 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(d)</sup>  | 87 | 89 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(d)</sup>  | 429 | 446 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(d)</sup>  | 4129 | 4344 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(d)</sup>  | 194 | 184 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(d)</sup>  | 630 | 615 |
| Fannie Mae Pool #DD6324 5.00% 4/1/2055 <sup>(d)</sup>  | 367 | 367 |
| Fannie Mae Pool #MA5697 4.00% 5/1/2055 <sup>(d)</sup>  | 289 | 275 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(d)</sup>  | 337 | 337 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(d)</sup>  | 1042 | 1071 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(d)</sup>  | 1564 | 1560 |
| Fannie Mae Pool #MA5735 5.50% 6/1/2055 <sup>(d)</sup>  | 377 | 382 |
| Fannie Mae Pool #MA5737 6.50% 6/1/2055 <sup>(d)</sup>  | 349 | 363 |
| Fannie Mae Pool #DD9889 6.00% 7/1/2055 <sup>(d)</sup>  | 727 | 747 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(d)</sup>  | 73 | 74 |
| Fannie Mae Pool #DE6152 6.50% 8/1/2055 <sup>(d)</sup>  | 151 | 157 |
| Fannie Mae Pool #DE6383 7.00% 8/1/2055 <sup>(d)</sup>  | 425 | 447 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(d)</sup>  | 186 | 188 |
| Fannie Mae Pool #MA5962 7.00% 1/1/2056 <sup>(d)</sup>  | 338 | 356 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class B, 5.591% 8/1/2054 <sup>(d)(e)(h)</sup>  | 315 | 286 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(e)</sup>  | 25 | 24 |
| Fiesta Purchaser, Inc. 7.875% 3/1/2031 <sup>(e)</sup>  | 150 | 157 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(e)</sup>  | 30 | 32 |
| Fiesta Purchaser, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.75%) 6.466% 2/12/2031 <sup>(g)(h)</sup>  | 15 | 15 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 10.973% 9/13/2029 <sup>(b)(g)(h)</sup>  | 26 | 27 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(e)</sup>  | 45 | 44 |
| FirstEnergy Corp., Series B, 3.90% 7/15/2027  | 1763 | 1757 |
| Flutter Treasury DAC 5.875% 6/4/2031 <sup>(e)</sup>  | 200 | 203 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.20% 12/15/2039 <sup>(d)(e)(h)</sup>  | 483 | 485 |
| Ford Motor Co. 6.10% 8/19/2032  | 30 | 31 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 2175 | 2209 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 300 | 301 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 200 | 197 |
| Ford Motor Credit Co., LLC 7.35% 11/4/2027  | 200 | 209 |
| Ford Motor Credit Co., LLC 2.90% 2/16/2028  | 200 | 193 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 3000 | 3066 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 1590 | 1615 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 125 | 118 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 3100 | 3213 |
| Ford Otomotiv Sanayi AS 7.125% 4/25/2029 <sup>(e)</sup>  | 255 | 265 |
| Freddie Mac, Series K153, Class A2, Multi Family, 3.82% 1/25/2033 <sup>(d)</sup>  | 1680 | 1632 |
| Freddie Mac Pool #RB5111 2.00% 5/1/2041 <sup>(d)</sup>  | 1990 | 1737 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(d)</sup>  | 184 | 183 |
| Freddie Mac Pool #RA6114 2.00% 2/1/2052 <sup>(d)</sup>  | 586 | 475 |

---

---

| | |
|:---|:---|
| **211** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Freddie Mac Pool #QE3878 3.50% 6/1/2052 <sup>(d)</sup>  | USD23 | $21 |
| Freddie Mac Pool #QE6084 5.00% 7/1/2052 <sup>(d)</sup>  | 860 | 862 |
| Freddie Mac Pool #SD2986 3.50% 9/1/2052 <sup>(d)</sup>  | 827 | 767 |
| Freddie Mac Pool #SD8266 4.50% 11/1/2052 <sup>(d)</sup>  | 356 | 349 |
| Freddie Mac Pool #SD8276 5.00% 12/1/2052 <sup>(d)</sup>  | 947 | 948 |
| Freddie Mac Pool #SD8287 4.50% 1/1/2053 <sup>(d)</sup>  | 2677 | 2625 |
| Freddie Mac Pool #SD8327 3.50% 4/1/2053 <sup>(d)</sup>  | 23 | 21 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(d)</sup>  | 240 | 244 |
| Freddie Mac Pool #QG6918 3.50% 7/1/2053 <sup>(d)</sup>  | 91 | 84 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(d)</sup>  | 21 | 21 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(d)</sup>  | 648 | 659 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(d)</sup>  | 163 | 170 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(d)</sup>  | 54 | 55 |
| Freddie Mac Pool #RA9795 4.00% 9/1/2053 <sup>(d)</sup>  | 34 | 32 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(d)</sup>  | 613 | 631 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(d)</sup>  | 11766 | 11781 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(d)</sup>  | 116 | 121 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(d)</sup>  | 177 | 180 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(d)</sup>  | 1515 | 1558 |
| Freddie Mac Pool #QI1357 4.00% 3/1/2054 <sup>(d)</sup>  | 920 | 873 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(d)</sup>  | 88 | 91 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(d)</sup>  | 119 | 124 |
| Freddie Mac Pool #RJ1855 5.00% 6/1/2054 <sup>(d)</sup>  | 260 | 261 |
| Freddie Mac Pool #RJ1857 5.50% 6/1/2054 <sup>(d)</sup>  | 14117 | 14417 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(d)</sup>  | 772 | 789 |
| Freddie Mac Pool #RJ1859 6.00% 6/1/2054 <sup>(d)</sup>  | 37 | 39 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(d)</sup>  | 1019 | 1039 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(d)</sup>  | 490 | 500 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(d)</sup>  | 1278 | 1313 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(d)</sup>  | 480 | 500 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(d)</sup>  | 469 | 484 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(d)</sup>  | 310 | 319 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(d)</sup>  | 305 | 316 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(d)</sup>  | 193 | 199 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(d)</sup>  | 160 | 165 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(d)</sup>  | 3336 | 3397 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(d)</sup>  | 600 | 612 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(d)</sup>  | 282 | 292 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(d)</sup>  | 24 | 25 |
| Freddie Mac Pool #RJ2298 5.50% 9/1/2054 <sup>(d)</sup>  | 609 | 619 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(d)</sup>  | 1012 | 1043 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(d)</sup>  | 532 | 550 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(d)</sup>  | 506 | 527 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(d)</sup>  | 487 | 507 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(d)</sup>  | 300 | 309 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(d)</sup>  | 406 | 413 |
| Freddie Mac Pool #SD8470 6.00% 10/1/2054 <sup>(d)</sup>  | 23 | 24 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(d)</sup>  | 415 | 405 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(d)</sup>  | 1073 | 1089 |
| Freddie Mac Pool #SD8491 5.00% 12/1/2054 <sup>(d)</sup>  | 502 | 501 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(d)</sup>  | 321 | 326 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(d)</sup>  | 12 | 12 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(d)</sup>  | 21 | 22 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(d)</sup>  | 926 | 975 |
| Freddie Mac Pool #SD8501 7.00% 1/1/2055 <sup>(d)</sup>  | 237 | 249 |
| Freddie Mac Pool #QX6724 6.00% 2/1/2055 <sup>(d)</sup>  | 58 | 60 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(d)</sup>  | 49 | 50 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(d)</sup>  | 149 | 149 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(d)</sup>  | 526 | 540 |
| Freddie Mac Pool #QY1579 6.50% 4/1/2055 <sup>(d)</sup>  | 81 | 85 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(d)</sup>  | 311 | 311 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **212** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(d)</sup>  | USD206 | $209 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(d)</sup>  | 144 | 148 |
| Freddie Mac Pool #QY4408 7.00% 5/1/2055 <sup>(d)</sup>  | 302 | 318 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(d)</sup>  | 438 | 437 |
| Freddie Mac Pool #RQ0024 4.00% 7/1/2055 <sup>(d)</sup>  | 4994 | 4740 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(d)</sup>  | 169 | 169 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(d)</sup>  | 171 | 173 |
| Freddie Mac Pool #QY7483 6.00% 7/1/2055 <sup>(d)</sup>  | 765 | 786 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1B, (30-day Average <br> USD-SOFR + 2.90%) 6.774% 4/25/2042 <sup>(d)(e)(h)</sup>  | 441 | 452 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA1, Class A1, (30-day Average <br> USD-SOFR + 0.95%) 4.824% 1/25/2045 <sup>(d)(e)(h)</sup>  | 200 | 200 |
| Frontier Communications Holdings, LLC 5.00% 5/1/2028 <sup>(e)</sup>  | 25 | 25 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 65 | 66 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(e)</sup>  | 103 | 105 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(a)(e)(i)</sup>  | 197 | 112 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(e)</sup>  | 337 | 304 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(e)</sup>  | 65 | 66 |
| Gartner, Inc. 3.75% 10/1/2030 <sup>(e)</sup>  | 70 | 66 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(a)(d)(e)</sup>  | 951 | 962 |
| Genesis Energy, LP 8.25% 1/15/2029  | 25 | 26 |
| Genesis Energy, LP 8.875% 4/15/2030  | 38 | 40 |
| Genesis Energy, LP 7.875% 5/15/2032  | 60 | 63 |
| Georgia (Republic of) 2.75% 4/22/2026 <sup>(e)</sup>  | 400 | 396 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 1342 | 1411 |
| Glatfelter Corp., Term Loan B, (3-month USD CME Term SOFR + 4.25%) 8.072% 11/4/2031 <sup>(g)(h)</sup>  | 49 | 49 |
| Goldman Sachs Group, Inc. 1.542% 9/10/2027 (USD-SOFR + 0.818% on 9/10/2026) <sup>(a)</sup>  | 1080 | 1061 |
| Government National Mortgage Assn. 6.50% 1/1/2056 <sup>(d)(l)</sup>  | 1708 | 1766 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(d)</sup>  | 744 | 555 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(e)</sup>  | 19 | 14 |
| Greenko Dutch BV 3.85% 3/29/2026  | 1488 | 1477 |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(e)</sup>  | 1645 | 1723 |
| Group 1 Automotive, Inc. 4.00% 8/15/2028 <sup>(e)</sup>  | 115 | 113 |
| Grupo Energia Bogota SA ESP 4.875% 5/15/2030 <sup>(e)</sup>  | 660 | 654 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(e)</sup>  | 25 | 25 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(e)</sup>  | 25 | 26 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.143% <br>3/15/2042 <sup>(d)(e)(h)</sup>  | 1066 | 1068 |
| HCA, Inc. 5.625% 9/1/2028  | 120 | 124 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(e)</sup>  | 65 | 68 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(e)</sup>  | 30 | 32 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(d)(e)</sup>  | 249 | 254 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(d)(e)</sup>  | 1188 | 1203 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(e)</sup>  | 14 | 14 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(e)</sup>  | 235 | 234 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(e)</sup>  | 105 | 102 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(e)</sup>  | 25 | 24 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(e)</sup>  | 115 | 110 |
| Honduras (Republic of) 6.25% 1/19/2027  | 653 | 660 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(d)(e)(h)</sup>  | 1949 | 2023 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(e)</sup>  | 175 | 176 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(e)</sup>  | 195 | 190 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(e)</sup>  | 120 | 114 |
| Howden UK Refinance 2 PLC 8.125% 2/15/2032 <sup>(e)</sup>  | 200 | 207 |
| HSBC Holdings PLC 4.755% 6/9/2028 (USD-SOFR + 2.11% on 6/9/2027) <sup>(a)</sup>  | 1700 | 1716 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(a)</sup>  | 1020 | 1023 |
| HSBC Holdings PLC 7.399% 11/13/2034 (USD-SOFR + 3.02% on 11/13/2033) <sup>(a)</sup>  | 2000 | 2283 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(a)</sup>  | 1200 | 1315 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(d)(e)(h)</sup>  | 396 | 401 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(e)</sup>  | 130 | 137 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.25%) 6.12% 6/20/2030 <sup>(g)(h)</sup>  | 3 | 3 |

---

---

| | |
|:---|:---|
| **213** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(d)(e)(h)</sup>  | USD2,712 | $2814 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(e)</sup>  | 2375 | 2348 |
| Hyundai Capital America 1.65% 9/17/2026 <sup>(e)</sup>  | 269 | 265 |
| Hyundai Capital America 2.00% 6/15/2028 <sup>(e)</sup>  | 600 | 569 |
| Hyundai Capital America 4.25% 9/18/2028 <sup>(e)</sup>  | 2577 | 2578 |
| Hyundai Capital America 6.50% 1/16/2029 <sup>(e)</sup>  | 132 | 140 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 65 | 65 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(d)(e)</sup>  | 480 | 481 |
| Indonesia Asahan Aluminium (Persero) PT 5.45% 5/15/2030 <sup>(e)</sup>  | 500 | 516 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(e)</sup>  | 130 | 123 |
| Intel Corp. 3.05% 8/12/2051  | 740 | 455 |
| Intel Corp. 5.60% 2/21/2054  | 168 | 155 |
| Intercontinental Exchange, Inc. 4.20% 3/15/2031  | 588 | 589 |
| Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(a)(e)</sup>  | 1500 | 1784 |
| INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.10% <br>3/15/2042 <sup>(d)(e)(h)</sup>  | 3679 | 3688 |
| ION Platform Finance US, Inc. 8.75% 5/1/2029 <sup>(e)</sup>  | 200 | 203 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(e)</sup>  | 55 | 53 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(e)</sup>  | 235 | 232 |
| Ithaca Energy (North Sea) PLC 8.125% 10/15/2029 <sup>(e)</sup>  | 200 | 207 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(e)</sup>  | 80 | 84 |
| Jefferson Capital Holdings, LLC 8.25% 5/15/2030 <sup>(e)</sup>  | 80 | 84 |
| JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026) <sup>(a)</sup>  | 1243 | 1240 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(a)</sup>  | 3441 | 3612 |
| JPMorgan Chase & Co. 4.81% 10/22/2036 (USD-SOFR + 1.19% on 10/22/2035) <sup>(a)</sup>  | 1330 | 1321 |
| JPMorgan Chase & Co. 5.534% 11/29/2045 (USD-SOFR + 1.55% on 11/29/2044) <sup>(a)</sup>  | 730 | 742 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.716% 3/20/2032 <sup>(g)(h)</sup>  | 74 | 75 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.716% 3/20/2033 <sup>(g)(h)</sup>  | 50 | 49 |
| KB Home 6.875% 6/15/2027  | 50 | 51 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 20 | 20 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 245 | 231 |
| Kodiak Gas Services, LLC 7.25% 2/15/2029 <sup>(e)</sup>  | 10 | 10 |
| Korea Electric Power Corp. 5.375% 7/31/2026 <sup>(e)</sup>  | 1290 | 1300 |
| Korea Electric Power Corp. 4.75% 2/13/2028 <sup>(e)</sup>  | 2250 | 2286 |
| Korea Gas Corp. 5.00% 7/8/2029 <sup>(e)</sup>  | 225 | 232 |
| KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) <br> 5.293% 12/15/2039 <sup>(d)(e)(h)</sup>  | 1207 | 1208 |
| LAD Auto Receivables Trust, Series 2023-4, Class B, 6.39% 10/16/2028 <sup>(d)(e)</sup>  | 194 | 197 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(d)(e)</sup>  | 219 | 220 |
| Lamar Media Corp. 3.75% 2/15/2028  | 10 | 10 |
| Lamar Media Corp. 3.625% 1/15/2031  | 120 | 113 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(e)</sup>  | 30 | 29 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(e)</sup>  | 25 | 26 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(e)</sup>  | 110 | 108 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(e)</sup>  | 40 | 42 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(e)</sup>  | 115 | 108 |
| Live Nation Entertainment, Inc. 4.75% 10/15/2027 <sup>(e)</sup>  | 130 | 130 |
| Lloyds Banking Group PLC 1.627% 5/11/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + <br> 0.85% on 5/11/2026) <sup>(a)</sup>  | 7000 | 6937 |
| Lockheed Martin Corp. 5.20% 2/15/2064  | 309 | 287 |
| LPL Holdings, Inc. 4.375% 5/15/2031 <sup>(e)</sup>  | 10 | 10 |
| LSB Industries, Inc. 6.25% 10/15/2028 <sup>(e)</sup>  | 90 | 90 |
| Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 5.155% <br>7/15/2036 <sup>(d)(e)(h)</sup>  | 563 | 563 |
| Marriott International, Inc. 2.75% 10/15/2033  | 5 | 4 |
| Marriott Ownership Resorts, Inc. 4.50% 6/15/2029 <sup>(e)</sup>  | 45 | 43 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(e)</sup>  | 2925 | 2990 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(e)</sup>  | 3575 | 3686 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(e)</sup>  | 1475 | 1517 |
| Marsh & McLennan Cos., Inc. 5.70% 9/15/2053  | 282 | 285 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **214** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Mastercard, Inc. 2.00% 11/18/2031  | USD600 | $535 |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(e)</sup>  | 50 | 51 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(e)</sup>  | 45 | 45 |
| Melco Resorts Finance, Ltd. 5.625% 7/17/2027 <sup>(e)</sup>  | 393 | 393 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 269 | 261 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 576 | 553 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 276 | 264 |
| Methanex Corp. 5.125% 10/15/2027  | 55 | 55 |
| Methanex Corp. 5.25% 12/15/2029  | 5 | 5 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(a)(d)(e)</sup>  | 1208 | 1219 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(a)(d)(e)</sup>  | 1000 | 1003 |
| MGM Resorts International 5.50% 4/15/2027  | 90 | 91 |
| Microchip Technology, Inc. 5.05% 2/15/2030  | 709 | 724 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(e)</sup>  | 155 | 159 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(e)</sup>  | 85 | 89 |
| Minerva Luxembourg SA 8.875% 9/13/2033  | 2161 | 2364 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(d)(e)</sup>  | 1094 | 1101 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(d)(e)</sup>  | 539 | 542 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(d)(e)</sup>  | 472 | 475 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(d)(e)</sup>  | 1136 | 1145 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(e)</sup>  | 80 | 79 |
| Molina Healthcare, Inc. 3.875% 11/15/2030 <sup>(e)</sup>  | 75 | 70 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(e)</sup>  | 115 | 117 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(e)</sup>  | 120 | 119 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(a)</sup>  | 3700 | 3746 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(a)</sup>  | 1480 | 1475 |
| Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) <sup>(a)</sup>  | 1433 | 1260 |
| Motherson Global Investments BV 5.625% 7/11/2029 <sup>(e)</sup>  | 595 | 608 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(e)</sup>  | 35 | 37 |
| MSCI, Inc. 3.625% 11/1/2031 <sup>(e)</sup>  | 210 | 197 |
| Multifamily Connecticut Avenue Securities, Series 2024-01, Class M7, (30-day Average USD-SOFR + 2.75%) <br> 6.624% 7/25/2054 <sup>(d)(e)(h)</sup>  | 485 | 492 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 25 | 25 |
| Murphy Oil USA, Inc. 4.75% 9/15/2029  | 48 | 48 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(e)</sup>  | 160 | 168 |
| National Australia Bank, Ltd. 5.181% 6/11/2034 <sup>(e)</sup>  | 1250 | 1300 |
| Navient Corp. 5.00% 3/15/2027  | 45 | 45 |
| Navient Corp. 4.875% 3/15/2028  | 145 | 143 |
| Navient Corp. 7.875% 6/15/2032  | 55 | 58 |
| New York Life Global Funding 1.20% 8/7/2030 <sup>(e)</sup>  | 2725 | 2385 |
| New York Life Global Funding 5.00% 1/9/2034 <sup>(e)</sup>  | 1500 | 1525 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(d)(e)(h)</sup>  | 515 | 481 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(e)</sup>  | 30 | 31 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(e)</sup>  | 165 | 164 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 1025 | 1038 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(e)(j)</sup>  | 709 | 206 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(e)</sup>  | 55 | 57 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(e)</sup>  | 70 | 73 |
| Nickel Industries, Ltd. 9.00% 9/30/2030 <sup>(e)</sup>  | 900 | 934 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(e)</sup>  | 200 | 213 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(e)</sup>  | 200 | 213 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(d)(e)</sup>  | 500 | 502 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 496 | 474 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(e)</sup>  | 50 | 49 |
| NOVA Chemicals Corp. 5.25% 6/1/2027 <sup>(e)</sup>  | 20 | 20 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(e)</sup>  | 90 | 96 |
| NuStar Logistics, LP 5.625% 4/28/2027  | 80 | 81 |
| Occidental Petroleum Corp. 6.375% 9/1/2028  | 54 | 57 |
| OCP SA 3.75% 6/23/2031  | 500 | 469 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(d)(e)</sup>  | 269 | 273 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class B, 7.15% 6/17/2031 <sup>(d)(e)</sup>  | 120 | 122 |

---

---

| | |
|:---|:---|
| **215** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| OneMain Finance Corp. 7.125% 9/15/2032  | USD25 | $26 |
| OneSky Flight, LLC 8.875% 12/15/2029 <sup>(e)</sup>  | 35 | 37 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(a)(d)(e)</sup>  | 631 | 637 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(a)(d)(e)</sup>  | 1222 | 1237 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(a)(d)(e)</sup>  | 2219 | 2243 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on <br>12/1/2028) <sup>(a)(d)(e)</sup>  | 2400 | 2421 |
| Open Text Corp. 3.875% 2/15/2028 <sup>(e)</sup>  | 25 | 25 |
| Oracle Corp. 2.65% 7/15/2026  | 2327 | 2308 |
| Oracle Corp. 3.25% 11/15/2027  | 1880 | 1840 |
| Oracle Corp. 4.45% 9/26/2030  | 4475 | 4379 |
| Oracle Corp. 3.95% 3/25/2051  | 22 | 14 |
| Oracle Corp. 6.00% 8/3/2055  | 1500 | 1324 |
| Orange 9.00% 3/1/2031 <sup>(a)</sup>  | 2434 | 2930 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(e)</sup>  | 40 | 26 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 3000 | 3000 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 542 | 546 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 1500 | 1621 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 4525 | 3437 |
| PacifiCorp 3.30% 3/15/2051  | 150 | 96 |
| PacifiCorp 2.90% 6/15/2052  | 280 | 164 |
| PacifiCorp 5.35% 12/1/2053  | 525 | 462 |
| PacifiCorp 5.50% 5/15/2054  | 980 | 877 |
| PacifiCorp 5.80% 1/15/2055  | 500 | 467 |
| Panama (Republic of) 3.75% 4/17/2026  | 465 | 466 |
| Panama (Republic of) 7.50% 3/1/2031  | 2325 | 2583 |
| Park Intermediate Holdings, LLC 5.875% 10/1/2028 <sup>(e)</sup>  | 65 | 65 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(e)</sup>  | 65 | 64 |
| Park Intermediate Holdings, LLC 7.00% 2/1/2030 <sup>(e)</sup>  | 55 | 57 |
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(f)</sup>  | 2 | — <br><sup>(k)</sup><br>|
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(d)(e)</sup>  | 1059 | 1066 |
| Performance Food Group, Inc. 5.50% 10/15/2027 <sup>(e)</sup>  | 11 | 11 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(e)</sup>  | 3 | 3 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(e)</sup>  | 25 | 26 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(e)</sup>  | 106 | 109 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 20114 | 20438 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 65 | 63 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 779 | 777 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 55 | 45 |
| Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033  | 2128 | 2151 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 188 | 178 |
| PG&E Corp. 5.00% 7/1/2028  | 235 | 235 |
| PG&E Corp. 5.25% 7/1/2030  | 175 | 174 |
| PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 3.883% on 3/15/2030) <sup>(a)</sup>  | 145 | 151 |
| Philip Morris International, Inc. 5.125% 11/17/2027  | 315 | 322 |
| Philip Morris International, Inc. 2.10% 5/1/2030  | 634 | 581 |
| Philip Morris International, Inc. 5.75% 11/17/2032  | 1554 | 1663 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 1382 | 1446 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(a)</sup>  | 375 | 396 |
| POSCO 4.875% 1/23/2027 <sup>(e)</sup>  | 510 | 514 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(e)</sup>  | 444 | 433 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(e)</sup>  | 33 | 34 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(e)</sup>  | 120 | 113 |
| Procter & Gamble Co. 3.00% 3/25/2030  | 338 | 326 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(d)(e)</sup>  | 902 | 860 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(a)(d)(e)</sup>  | 403 | 390 |
| PT Bank Negara Indonesia (Persero) Tbk 4.30% junior subordinated perpetual bonds (5-year UST Yield <br> Curve Rate T Note Constant Maturity + 3.466% on 3/24/2027) <sup>(a)</sup>  | 2755 | 2696 |
| PT Freeport Indonesia 5.315% 4/14/2032  | 449 | 458 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(e)</sup>  | 40 | 42 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **216** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(e)</sup>  | USD10 | $10 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(e)(i)</sup>  | 296 | 285 |
| Raizen Fuels Finance SA 6.45% 3/5/2034 <sup>(e)</sup>  | 910 | 743 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(e)</sup>  | 145 | 143 |
| Repsol E&P Capital Markets US, LLC 5.204% 9/16/2030 <sup>(e)</sup>  | 689 | 699 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(e)</sup>  | 25 | 24 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(e)</sup>  | 80 | 83 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(e)</sup>  | 90 | 89 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(e)</sup>  | 30 | 31 |
| Rio Tinto Finance (USA) PLC 5.25% 3/14/2035  | 1420 | 1464 |
| RLJ Lodging Trust, LP 4.00% 9/15/2029 <sup>(e)</sup>  | 25 | 24 |
| Roper Technologies, Inc. 4.45% 9/15/2030  | 2900 | 2914 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 925 | 932 |
| Royal Bank of Canada 5.153% 2/4/2031 (USD-SOFR + 1.03% on 2/4/2030) <sup>(a)</sup>  | 1700 | 1751 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(e)</sup>  | 75 | 76 |
| Royal Caribbean Cruises, Ltd. 6.00% 2/1/2033 <sup>(e)</sup>  | 90 | 93 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(e)</sup>  | 25 | 21 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 107 | 112 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(a)(i)</sup>  | 3406 | 3454 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(a)(e)(i)</sup>  | 464 | 471 |
| Sands China, Ltd. 5.40% 8/8/2028  | 2710 | 2763 |
| Santander Holdings USA, Inc. 3.244% 10/5/2026  | 3750 | 3728 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(b)</sup>  | 1330 | 1355 |
| Sats Treasury Pte., Ltd. 4.828% 1/23/2029  | 350 | 357 |
| Saturn Oil & Gas, Inc. 9.625% 6/15/2029 <sup>(e)</sup>  | 62 | 61 |
| Scentre Group Trust 1 3.75% 3/23/2027 <sup>(e)</sup>  | 110 | 110 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A3, 5.11% 11/21/2033 <sup>(d)(e)</sup>  | 2846 | 2909 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(e)</sup>  | 10 | 10 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(e)</sup>  | 46 | 41 |
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(e)</sup>  | 115 | 115 |
| Sealed Air Corp. 6.125% 2/1/2028 <sup>(e)</sup>  | 180 | 183 |
| Sealed Air Corp. 6.50% 7/15/2032 <sup>(e)</sup>  | 123 | 128 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(d)(e)</sup>  | 123 | 124 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class B, 4.925% 12/29/2032 <sup>(d)(e)</sup>  | 630 | 636 |
| Serbia (Republic of) 6.25% 5/26/2028 <sup>(e)</sup>  | 740 | 768 |
| Service Corp. International 5.75% 10/15/2032  | 35 | 36 |
| Service Properties Trust 0% 9/30/2027 <sup>(e)</sup>  | 30 | 27 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(e)</sup>  | 60 | 63 |
| ServiceNow, Inc. 1.40% 9/1/2030  | 756 | 666 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(e)</sup>  | 50 | 50 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(e)</sup>  | 195 | 191 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(e)</sup>  | 39 | 37 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(e)</sup>  | 111 | 102 |
| SK hynix, Inc. 1.50% 1/19/2026  | 563 | 562 |
| SLM Corp. 6.50% 1/31/2030  | 85 | 88 |
| SM Energy Co. 6.50% 7/15/2028  | 45 | 46 |
| SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 5.534% <br> 11/15/2052 <sup>(d)(e)(h)</sup>  | 482 | 487 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(e)</sup>  | 45 | 44 |
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(e)</sup>  | 20 | 19 |
| Southern California Edison Co. 2.85% 8/1/2029  | 200 | 190 |
| Southern California Edison Co. 3.65% 2/1/2050  | 1700 | 1190 |
| Standard Chartered PLC 5.244% 5/13/2031 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.35% <br> on 5/13/2030) <sup>(a)(e)</sup>  | 1500 | 1546 |
| Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.201% 2/17/2042 <sup>(d)(e)(h)</sup>  | 216 | 216 |
| Starwood Property Trust, Inc. 5.25% 10/15/2028 <sup>(e)</sup>  | 100 | 101 |
| State Street Corp. 5.146% 2/28/2036 (USD-SOFR + 1.217% on 2/28/2035) <sup>(a)</sup>  | 1450 | 1485 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(e)</sup>  | 35 | 36 |
| Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 4.905% <br>7/15/2032 <sup>(d)(e)(h)</sup>  | 1439 | 1437 |

---

---

| | |
|:---|:---|
| **217** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| Stillwater Mining Co. 4.00% 11/16/2026 <sup>(b)</sup>  | USD2,090 | $2077 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(e)</sup>  | 30 | 31 |
| Sunoco, LP 4.50% 5/15/2029  | 290 | 285 |
| Sunoco, LP 4.50% 4/30/2030  | 35 | 34 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(e)</sup>  | 45 | 46 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.193% 2/15/2042 <sup>(d)(e)(h)</sup>  | 6917 | 6863 |
| Synopsys, Inc. 5.15% 4/1/2035  | 1410 | 1434 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(e)</sup>  | 69 | 73 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.353% 5/17/2030 <sup>(g)(h)</sup>  | 44 | 44 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(e)</sup>  | 15 | 16 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(e)</sup>  | 55 | 57 |
| Tenet Healthcare Corp. 6.125% 10/1/2028  | 17 | 17 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 455 | 461 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 200 | 210 |
| State of Texas, Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series <br> 2020-B, 3.236% 10/1/2052  | 965 | 669 |
| TGS ASA 8.50% 1/15/2030 <sup>(e)</sup>  | 200 | 210 |
| Tidewater, Inc. 9.125% 7/15/2030 <sup>(e)</sup>  | 10 | 11 |
| Tierra Mojada Luxembourg II SARL 5.75% 12/1/2040  | 861 | 848 |
| T-Mobile USA, Inc. 2.40% 3/15/2029  | 1079 | 1022 |
| T-Mobile USA, Inc. 5.65% 1/15/2053  | 1400 | 1355 |
| Toronto-Dominion Bank (The) 4.783% 12/17/2029  | 424 | 435 |
| TotalEnergies Capital SA 5.488% 4/5/2054  | 1500 | 1451 |
| TransDigm, Inc. 4.875% 5/1/2029  | 80 | 80 |
| TransDigm, Inc. 6.875% 12/15/2030 <sup>(e)</sup>  | 85 | 89 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(e)</sup>  | 45 | 47 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(e)</sup>  | 75 | 77 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(e)</sup>  | 140 | 146 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(e)</sup>  | 30 | 31 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(e)</sup>  | 83 | 84 |
| Transocean, Inc. 6.80% 3/15/2038  | 35 | 30 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(e)(f)</sup>  | 100 | 100 |
| Tricon Residential Trust, Series 2023-SFR1, Class B, 5.10% 7/17/2040 <sup>(d)(e)</sup>  | 251 | 252 |
| Tricon Residential Trust, Series 2023-SFR1, Class C, 5.10% 7/17/2040 <sup>(d)(e)</sup>  | 100 | 100 |
| Turkey (Republic of) 7.125% 7/17/2032  | 1360 | 1440 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(d)(e)</sup>  | 554 | 557 |
| U.S. Treasury 3.875% 5/31/2027  | 662 | 665 |
| U.S. Treasury 3.75% 6/30/2027  | 30 | 30 |
| U.S. Treasury 3.625% 8/31/2027 <sup>(m)</sup>  | 25710 | 25766 |
| U.S. Treasury 3.50% 10/15/2028  | 1281 | 1280 |
| U.S. Treasury 3.50% 11/15/2028  | 1460 | 1458 |
| U.S. Treasury 3.50% 9/30/2029  | 399 | 397 |
| U.S. Treasury 4.125% 10/31/2029  | 328 | 334 |
| U.S. Treasury 4.00% 5/31/2030  | 2995 | 3034 |
| U.S. Treasury 3.875% 6/30/2030 <sup>(m)</sup>  | 13418 | 13520 |
| U.S. Treasury 3.50% 11/30/2030  | 1289 | 1276 |
| U.S. Treasury 4.125% 11/30/2031  | 704 | 715 |
| U.S. Treasury 3.875% 8/15/2034  | 540 | 532 |
| U.S. Treasury 4.625% 2/15/2035  | 1681 | 1746 |
| U.S. Treasury 4.00% 11/15/2035 <sup>(m)</sup>  | 7207 | 7109 |
| U.S. Treasury 1.75% 8/15/2041  | 4650 | 3144 |
| U.S. Treasury 4.75% 11/15/2043 <sup>(m)</sup>  | 2650 | 2654 |
| U.S. Treasury 4.625% 5/15/2044  | 1210 | 1190 |
| U.S. Treasury 3.00% 8/15/2048 <sup>(m)</sup>  | 5045 | 3743 |
| U.S. Treasury 1.25% 5/15/2050  | 1625 | 780 |
| U.S. Treasury 4.75% 11/15/2053 <sup>(m)</sup>  | 4809 | 4729 |
| U.S. Treasury 4.25% 2/15/2054  | 681 | 617 |
| U.S. Treasury 4.625% 5/15/2054 <sup>(m)</sup>  | 1836 | 1772 |
| U.S. Treasury 4.50% 11/15/2054  | 143 | 135 |
| U.S. Treasury 4.625% 2/15/2055 <sup>(m)</sup>  | 2915 | 2814 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **218** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. dollars (continued)** |  |  |
| U.S. Treasury 4.75% 8/15/2055  | USD927 | $913 |
| U.S. Treasury Inflation-Protected Security 0.125% 7/15/2026 <sup>(c)</sup>  | 850 | 845 |
| U.S. Treasury Inflation-Protected Security 2.375% 10/15/2028 <sup>(c)</sup>  | 10727 | 11051 |
| U.S. Treasury Inflation-Protected Security 0.125% 2/15/2051 <sup>(c)</sup>  | 3539 | 1913 |
| U.S. Treasury Inflation-Protected Security 1.50% 2/15/2053 <sup>(c)</sup>  | 186 | 145 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(c)(m)</sup>  | 2891 | 2600 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(c)</sup>  | 4653 | 4417 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(e)</sup>  | 77 | 79 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(d)(l)</sup>  | 800 | 647 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(d)(l)</sup>  | 17 | 16 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(d)(l)</sup>  | 2692 | 2628 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(d)(l)</sup>  | 164 | 171 |
| Uniform Mortgage-Backed Security 7.00% 1/1/2056 <sup>(d)(l)</sup>  | 3010 | 3168 |
| Uniform Mortgage-Backed Security 2.00% 2/1/2056 <sup>(d)(l)</sup>  | 7290 | 5893 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(d)(l)</sup>  | 3696 | 3406 |
| United Mexican States 5.375% 3/22/2033  | 765 | 761 |
| United Mexican States 6.00% 5/7/2036  | 970 | 985 |
| United Mexican States 6.338% 5/4/2053  | 425 | 406 |
| United Natural Foods, Inc. 6.75% 10/15/2028 <sup>(e)</sup>  | 85 | 85 |
| United Rentals (North America), Inc. 3.875% 2/15/2031  | 130 | 124 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 1450 | 1502 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 1450 | 1490 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(e)</sup>  | 110 | 114 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(e)</sup>  | 250 | 240 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(e)</sup>  | 35 | 35 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(e)</sup>  | 35 | 36 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(e)</sup>  | 20 | 21 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(e)</sup>  | 85 | 78 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 2.00%) 7.00% PIK 7/16/2026 <sup>(f)(g)(h)(i)(j)</sup>  | 34 | 11 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 7.00% PIK 7/16/2026 <sup>(f)(g)(h)(i)(j)</sup>  | 34 | 11 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 7.00% PIK 10/12/2028 <sup>(f)(g)(h)(i)(j)</sup>  | 56 | 18 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(e)</sup>  | 35 | 33 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(e)</sup>  | 31 | 31 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(e)</sup>  | 110 | 100 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(e)</sup>  | 80 | 81 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(e)</sup>  | 82 | 85 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(e)</sup>  | 50 | 51 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(e)</sup>  | 55 | 59 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(e)</sup>  | 115 | 118 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(e)</sup>  | 25 | 27 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(e)</sup>  | 85 | 87 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(a)(d)(e)</sup>  | 525 | 532 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(d)(e)(h)</sup>  | 752 | 757 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(a)(d)(e)</sup>  | 1418 | 1424 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(e)</sup>  | 150 | 159 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(e)</sup>  | 71 | 73 |
| Waste Management, Inc. 3.875% 1/15/2029  | 50 | 50 |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(e)</sup>  | 34 | 35 |
| Weatherford International, Ltd. 6.75% 10/15/2033 <sup>(e)</sup>  | 65 | 67 |
| Wells Fargo & Co. 3.526% 3/24/2028 (USD-SOFR + 1.51% on 3/24/2027) <sup>(a)</sup>  | 4698 | 4668 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(e)</sup>  | 200 | 203 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(e)</sup>  | 150 | 157 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(d)(e)</sup>  | 99 | 100 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(e)</sup>  | 110 | 106 |
| WMG Acquisition Corp. 3.00% 2/15/2031 <sup>(e)</sup>  | 80 | 75 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(b)(i)</sup>  | 74 | 81 |
| Wynn Macau, Ltd. 6.75% 2/15/2034 <sup>(e)</sup>  | 875 | 887 |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(e)</sup>  | 43 | 47 |
|  |  | 643640 |
| **Total bonds, notes & other debt instruments** (cost: $1,378,329,000) | **Total bonds, notes & other debt instruments** (cost: $1,378,329,000) | 1345508 |

---

---

| | |
|:---|:---|
| **219** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Preferred securities 0.01% | Shares | Value<br> (000)<br>|
| **U.S. dollars 0.01%** |  |  |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(e)(f)(n)</sup>  | 48 | $80 |
| **Total preferred securities** (cost: $50,000) |  | 80 |
| Common stocks 0.00% |  |  |
| **U.S. dollars 0.00%** |  |  |
| Altera Infrastructure, LP <sup>(f)</sup>  | 1441 | 59 |
| Expand Energy Corp.  | 45 | 5 |
| Venator Materials PLC <sup>(f)(n)</sup>  | 232 | — <br><sup>(k)</sup><br>|
| **Total common stocks** (cost: $1,019,000) | **Total common stocks** (cost: $1,019,000) | 64 |
| Rights & warrants 0.00% |  |  |
| **U.S. dollars 0.00%** |  |  |
| Expand Energy Corp., Class C, warrants, expire 2/9/2026 <sup>(n)</sup>  | 85 | 8 |
| **Total rights & warrants** (cost: $73,000) | **Total rights & warrants** (cost: $73,000) | 8 |
| Investment funds 1.54% |  |  |
| Capital Group Central Corporate Bond Fund <sup>(o)</sup>  | 2674552 | 22734 |
| **Total investment funds** (cost: $20,987,000) | **Total investment funds** (cost: $20,987,000) | 22734 |
| Short-term securities 7.71% |  |  |
| **Money market investments 7.71%** | **Money market investments 7.71%** | **Money market investments 7.71%** |
| Capital Group Central Cash Fund 3.79% <sup>(o)(p)</sup>  | 1141484 | 114160 |
| **Total short-term securities** (cost: $114,142,000) | **Total short-term securities** (cost: $114,142,000) | 114160 |
| Options purchased (equity style) 0.00% |  |  |
| Options purchased (equity style) \* |  | 16 |
| **Total options purchased (equity style)** (cost: $81,000) | **Total options purchased (equity style)** (cost: $81,000) | 16 |
| **Total investment securities 100.19%** (cost: $1,514,681,000) | **Total investment securities 100.19%** (cost: $1,514,681,000) | 1482570 |
| Other assets less liabilities (0.19)% |  | (2800)<br>|
| **Net assets 100.00%** |  | $1479770 |

---

**\*Options purchased (equity style)**

------

**Options on foreign currencies** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Counterparty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| USD/JPY Foreign Currency Options | BNP Paribas | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPY147.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD15,680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $16 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **220** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

**Options purchased (futures style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| 10 Year Euro-Bund Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR126.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR12,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(k)</sup><br>|

---

**Options written (futures style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 10 Year Euro-Bund Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (125)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR131.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR(12,500)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $28 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month SONIA Futures | Short | 4 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD(1,298)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2)<br>|
| 3 Month CORRA Futures | Long | 866 | 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377 |
| 3 Month Euro EURIBOR Futures | Long | 1 | 12/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| 2 Year Italy Government Bond Futures | Long | 274 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (61)<br>|
| 2 Year Euro-Schatz Futures | Short | 61 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7655)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| 2 Year Canadian Government Bond Futures | Long | 301 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (63)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 1141 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45)<br>|
| 3 Year Australian Treasury Bond Futures | Long | 332 | 3/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| 5 Year Euro-Bobl Futures | Long | 384 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (269)<br>|
| 5 Year Canadian Government Bond Futures | Long | 209 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (152)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 482 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (144)<br>|
| 10 Year Italy Government Bond Futures | Long | 82 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35)<br>|
| 10 Year French Government Bond Futures | Short | 36 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5102)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| 10 Year Euro-Bund Futures | Short | 416 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (62367)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 460 |
| 10 Year Australian Treasury Bond Futures | Long | 145 | 3/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 |
| 10 Year Japanese Government Bond Futures | Short | 30 | 3/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25359)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167 |
| 10 Year U.S. Treasury Note Futures | Long | 161 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (168)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 69 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67)<br>|
| 10 Year UK Gilt Futures | Short | 31 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3818)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| 10 Year Canadian Government Bond Futures | Short | 241 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21230)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 331 |
| 20 Year U.S. Treasury Bond Futures | Long | 153 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (251)<br>|
| 30 Year Euro-Buxl Futures | Short | 54 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6988)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157 |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 186 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (374)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(16)<br>|

---

---

| | |
|:---|:---|
| **221** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| TRY | 137735 | USD | 3157 | Citibank | 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $35 |
| MYR | 8120 | USD | 1986 | BNP Paribas | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| USD | 1377 | MYR | 5680 | JPMorgan Chase | 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| CAD | 39278 | USD | 28223 | Barclays Bank PLC | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406 |
| GBP | 9385 | USD | 12570 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81 |
| USD | 2793 | JPY | 432460 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| CZK | 117510 | USD | 5689 | Bank of New York Mellon | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| USD | 1032 | BRL | 5550 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| CZK | 49000 | USD | 2366 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| USD | 1007 | JPY | 155470 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| CZK | 156440 | EUR | 6463 | JPMorgan Chase | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| EUR | 800 | USD | 934 | HSBC Bank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| CHF | 1007 | USD | 1271 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| USD | 1318 | IDR | 21992435 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| COP | 135700 | USD | 35 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| IDR | 14450980 | USD | 869 | Goldman Sachs | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 1002 | PHP | 59200 | HSBC Bank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| EUR | 2820 | USD | 3319 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | 7053 | INR | 635855 | HSBC Bank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14)<br>|
| BRL | 5610 | USD | 1042 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20)<br>|
| JPY | 331470 | USD | 2145 | Barclays Bank PLC | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>|
| USD | 1760 | CLP | 1623750 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43)<br>|
| USD | 5157 | GBP | 3860 | Bank of America | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (46)<br>|
| USD | 3577 | COP | 13816730 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64)<br>|
| USD | 3707 | KRW | 5484900 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (93)<br>|
| USD | 11254 | EUR | 9660 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (103)<br>|
| USD | 8919 | KRW | 13061798 | Citibank | 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (130)<br>|
| SEK | 46505 | USD | 4947 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 |
| NOK | 68290 | USD | 6741 | Bank of America | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| CNH | 21500 | USD | 3062 | UBS AG | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| USD | 1972 | NZD | 3397 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| EUR | 5100 | CAD | 8207 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| HUF | 1284310 | EUR | 3326 | JPMorgan Chase | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| PLN | 6680 | EUR | 1573 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| SGD | 1400 | USD | 1081 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| AUD | 2017 | USD | 1340 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| USD | 5075 | PLN | 18215 | BNP Paribas | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| EUR | 1778 | RON | 9075 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 4334 | HUF | 1419580 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 2870 | SGD | 3690 | UBS AG | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | 274 | PLN | 1000 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | 2280 | CAD | 3133 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | 239 | ZAR | 4080 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| NZD | 2799 | USD | 1621 | Bank of America | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9)<br>|
| USD | 2322 | NOK | 23545 | HSBC Bank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14)<br>|
| USD | 3684 | NOK | 37576 | Morgan Stanley | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (45)<br>|
| USD | 5235 | THB | 166360 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50)<br>|
| USD | 14281 | AUD | 21579 | Morgan Stanley | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121)<br>|
| USD | 14447 | HUF | 4788935 | Citibank | 1/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (184)<br>|
| EUR | 22685 | USD | 26423 | Goldman Sachs | 1/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254 |
| USD | 1694 | EUR | 1440 | HSBC Bank | 1/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| THB | 135185 | USD | 4307 | UBS AG | 1/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13)<br>|
| CNH | 859567 | USD | 122304 | Standard Chartered Bank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035 |
| USD | 5262 | JPY | 811230 | Citibank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 |
| CNH | 11710 | USD | 1667 | Goldman Sachs | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| DKK | 46980 | EUR | 6289 | HSBC Bank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **222** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

**Forward currency contracts** (continued)

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased<br> (000) | Currency purchased<br> (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement<br> date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 11507 | DKK | 73090 | HSBC Bank | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3)<br>|
| JPY | 1957390 | USD | 12660 | Goldman Sachs | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (147)<br>|
| JPY | 3141727 | USD | 20336 | Bank of America | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (251)<br>|
| EUR | 6922 | GBP | 6085 | HSBC Bank | 1/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (61)<br>|
| USD | 7902 | GBP | 5910 | Citibank | 1/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64)<br>|
| GBP | 4060 | EUR | 4620 | HSBC Bank | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| USD | 8016 | GBP | 5975 | Morgan Stanley | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (38)<br>|
| USD | 34933 | BRL | 190062 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462 |
| USD | 772 | BRL | 4280 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| BRL | 65500 | USD | 12008 | Citibank | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (129)<br>|
| EUR | 29240 | USD | 34459 | Morgan Stanley | 1/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53)<br>|
| EUR | 23116 | USD | 27264 | Standard Chartered Bank | 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59)<br>|
| EUR | 7510 | USD | 8838 | Morgan Stanley | 3/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| EUR | 700 | USD | 820 | Bank of New York Mellon | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $970 |

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| 6-month EURIBOR | Semi-annual | 2.2007% | Annual | &nbsp;&nbsp; 2/10/2027 | &nbsp;&nbsp; EUR9,720 | &nbsp;&nbsp; $(2)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2)<br>|
| 6-month EURIBOR | Semi-annual | 2.2032% | Annual | &nbsp;&nbsp; 2/10/2027 | &nbsp;&nbsp; EUR9,730 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3)<br>|
| 4.254% | Annual | SONIA | Annual | &nbsp;&nbsp; 5/9/2027 | &nbsp;&nbsp; GBP4,083 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53 |
| 3.5175% | Annual | SOFR | Annual | &nbsp;&nbsp; 8/15/2027 | &nbsp;&nbsp; USD24,180 | &nbsp;&nbsp; 69 | &nbsp;&nbsp; — | &nbsp;&nbsp; 69 |
| SOFR | Annual | 3.4925% | Annual | &nbsp;&nbsp; 8/19/2027 | &nbsp;&nbsp; USD67,090 | &nbsp;&nbsp; (167)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (167)<br>|
| 3.515% | Annual | 6-month CZK-PRIBOR | Semi-annual | &nbsp;&nbsp; 9/2/2027 | &nbsp;&nbsp; CZK396,600 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (6)<br>|
| 6-month PLN-WIBOR | Semi-annual | 4.14% | Annual | &nbsp;&nbsp; 9/2/2027 | &nbsp;&nbsp; PLN70,510 | &nbsp;&nbsp; (156)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (156)<br>|
| SOFR | Annual | 3.2685% | Annual | &nbsp;&nbsp; 9/9/2027 | &nbsp;&nbsp; USD88,350 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; — | &nbsp;&nbsp; 88 |
| SOFR | Annual | 3.3395% | Annual | &nbsp;&nbsp; 9/23/2027 | &nbsp;&nbsp; USD67,500 | &nbsp;&nbsp; (15)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (15)<br>|
| 1.9308% | Annual | Euro STR | Annual | &nbsp;&nbsp; 9/24/2027 | &nbsp;&nbsp; EUR32,500 | &nbsp;&nbsp; (56)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (56)<br>|
| SOFR | Annual | 3.2355% | Annual | &nbsp;&nbsp; 9/30/2027 | &nbsp;&nbsp; USD37,230 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; — | &nbsp;&nbsp; 50 |
| SOFR | Annual | 3.28% | Annual | &nbsp;&nbsp; 12/1/2027 | &nbsp;&nbsp; USD4,480 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| 6-month EURIBOR | Semi-annual | 2.8272% | Annual | &nbsp;&nbsp; 6/18/2029 | &nbsp;&nbsp; EUR5,930 | &nbsp;&nbsp; (90)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (90)<br>|
| 3.4928% | Annual | SONIA | Annual | &nbsp;&nbsp; 8/6/2029 | &nbsp;&nbsp; GBP5,260 | &nbsp;&nbsp; (19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (19)<br>|
| SOFR | Annual | 3.4705% | Annual | &nbsp;&nbsp; 2/10/2030 | &nbsp;&nbsp; USD16,910 | &nbsp;&nbsp; (41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (41)<br>|
| 6-month EURIBOR | Semi-annual | 2.2577% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR2,690 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29 |
| 6-month EURIBOR | Semi-annual | 2.2592% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR2,690 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29 |
| 6-month EURIBOR | Semi-annual | 2.2562% | Annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; EUR2,690 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; — | &nbsp;&nbsp; 29 |
| 3.925% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/5/2030 | &nbsp;&nbsp; NOK32,270 | &nbsp;&nbsp; (19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (19)<br>|
| 6-month EURIBOR | Semi-annual | 2.1912% | Annual | &nbsp;&nbsp; 3/6/2030 | &nbsp;&nbsp; EUR2,500 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; — | &nbsp;&nbsp; 35 |
| 4.165% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK26,280 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8 |
| 4.1703% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK16,900 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6 |
| 4.162% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/24/2030 | &nbsp;&nbsp; NOK16,890 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5 |
| 4.165% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 3/25/2030 | &nbsp;&nbsp; NOK62,070 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20 |
| 3-month SEK-STIBOR | Quarterly | 2.3527% | Annual | &nbsp;&nbsp; 4/22/2030 | &nbsp;&nbsp; SEK67,510 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; — | &nbsp;&nbsp; 39 |
| 3-month SEK-STIBOR | Quarterly | 2.3532% | Annual | &nbsp;&nbsp; 4/22/2030 | &nbsp;&nbsp; SEK67,510 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; — | &nbsp;&nbsp; 39 |
| 2.2053% | Annual | 6-month EURIBOR | Semi-annual | &nbsp;&nbsp; 4/22/2030 | &nbsp;&nbsp; EUR6,330 | &nbsp;&nbsp; (91)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (91)<br>|
| 2.2033% | Annual | 6-month EURIBOR | Semi-annual | &nbsp;&nbsp; 4/22/2030 | &nbsp;&nbsp; EUR6,350 | &nbsp;&nbsp; (92)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (92)<br>|

---

---

| | |
|:---|:---|
| **223** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

**Swap contracts** (continued)

------

**Interest rate swaps** (continued)

**Centrally cleared interest rate swaps** (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 12/31/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 12/31/2025<br> (000) |
| Rate | &nbsp;&nbsp; Payment<br> frequency<br>| Rate | &nbsp;&nbsp; Payment<br> frequency<br>| Expiration<br> date | Notional<br> amount<br> (000) | Value at<br> 12/31/2025<br> (000) | Upfront<br> premium<br> paid<br> (received)<br> (000) | Unrealized<br> appreciation<br> (depreciation)<br> at 12/31/2025<br> (000) |
| 3-month SEK-STIBOR | Quarterly | 2.2732% | Annual | &nbsp;&nbsp; 8/14/2030 | &nbsp;&nbsp; SEK60,130 | &nbsp;&nbsp; $69 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $69 |
| 2.3523% | Annual | 6-month EURIBOR | Semi-annual | &nbsp;&nbsp; 8/14/2030 | &nbsp;&nbsp; EUR5,570 | &nbsp;&nbsp; (52)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (52)<br>|
| 3.8108% | Annual | 6-month NOK-NIBOR | Semi-annual | &nbsp;&nbsp; 8/14/2030 | &nbsp;&nbsp; NOK98,800 | &nbsp;&nbsp; (114)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (114)<br>|
| 6-month NOK-NIBOR | Semi-annual | 3.99% | Annual | &nbsp;&nbsp; 9/22/2030 | &nbsp;&nbsp; NOK64,900 | &nbsp;&nbsp; 27 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27 |
| 6-month NOK-NIBOR | Semi-annual | 4.08% | Annual | &nbsp;&nbsp; 9/23/2030 | &nbsp;&nbsp; NOK64,270 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| 6-month NOK-NIBOR | Semi-annual | 4.09% | Annual | &nbsp;&nbsp; 9/23/2030 | &nbsp;&nbsp; NOK32,700 | &nbsp;&nbsp; — <br><sup>(k)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| 3.488% | Annual | SOFR | Annual | &nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp; USD941 | &nbsp;&nbsp; — <br><sup>(k)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(k)</sup><br>|
| 3.43574% | Annual | SOFR | Annual | &nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp; USD1,098 | &nbsp;&nbsp; (2)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2)<br>|
| 2.7083% | Annual | 6-month EURIBOR | Semi-annual | &nbsp;&nbsp; 2/15/2035 | &nbsp;&nbsp; EUR7,460 | &nbsp;&nbsp; (125)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (125)<br>|
| SOFR | Annual | 3.79168% | Annual | &nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp; USD1,202 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5 |
| SOFR | Annual | 3.801% | Annual | &nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp; USD1,040 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3 |
| SOFR | Annual | 3.944% | Annual | &nbsp;&nbsp; 9/9/2055 | &nbsp;&nbsp; USD3,010 | &nbsp;&nbsp; 116 | &nbsp;&nbsp; — | &nbsp;&nbsp; 116 |
| 6-month EURIBOR | Semi-annual | 2.8972% | Annual | &nbsp;&nbsp; 9/11/2055 | &nbsp;&nbsp; EUR1,740 | &nbsp;&nbsp; 139 | &nbsp;&nbsp; — | &nbsp;&nbsp; 139 |
| SOFR | Annual | 3.9305% | Annual | &nbsp;&nbsp; 9/23/2055 | &nbsp;&nbsp; USD7,440 | &nbsp;&nbsp; 304 | &nbsp;&nbsp; — | &nbsp;&nbsp; 304 |
| 6-month EURIBOR | Semi-annual | 2.9287% | Annual | &nbsp;&nbsp; 9/24/2055 | &nbsp;&nbsp; EUR3,250 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; — | &nbsp;&nbsp; 235 |
| 4.13862% | Annual | SOFR | Annual | &nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp; USD291 | &nbsp;&nbsp; (2)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2)<br>|
| 4.097% | Annual | SOFR | Annual | &nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp; USD253 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $348 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $348 |

---

**Bilateral interest rate swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Counterparty | Expiration <br>date | Notional <br>amount <br>(000) | Value at <br>12/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 12/31/2025 <br>(000) |
| 12.215% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/4/2027 | &nbsp;&nbsp; BRL44,390 | &nbsp;&nbsp; $(284)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(284)<br>|
| 11.22441676% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/4/2027 | &nbsp;&nbsp; BRL30,865 | &nbsp;&nbsp; (343)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (343)<br>|
| 11.91% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/4/2027 | &nbsp;&nbsp; BRL79,860 | &nbsp;&nbsp; (600)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (600)<br>|
| 11.405% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/4/2027 | &nbsp;&nbsp; BRL100,270 | &nbsp;&nbsp; (955)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (955)<br>|
| 14.115% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL14,440 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; — | &nbsp;&nbsp; 66 |
| 14.05% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL10,600 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; — | &nbsp;&nbsp; 44 |
| 14.05% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL6,440 | &nbsp;&nbsp; 26 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26 |
| 11.495% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | &nbsp;&nbsp; BRL35,980 | &nbsp;&nbsp; (513)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (513)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $(2559)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2559)<br>|

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD4,422 | &nbsp;&nbsp;&nbsp;&nbsp; $(100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(99)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1)<br>|
| ITRAXX.EUR.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; EUR23,910 | &nbsp;&nbsp;&nbsp;&nbsp; (648)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD13,200 | &nbsp;&nbsp;&nbsp;&nbsp; (1009)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (960)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49)<br>|
| CDX.EM.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9890 | &nbsp;&nbsp;&nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp; 212 | &nbsp;&nbsp;&nbsp;&nbsp; (106)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(1651)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1450)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(201)<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **224** |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

**Swap contracts** (continued)

------

**Credit default swaps** (continued)

**Centrally cleared credit default swaps on credit indices — sell protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate received<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <sup>(q)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <sup>(r)</sup> <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| ITRAXX.EUR.XO.44 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; EUR4,180 | &nbsp;&nbsp;&nbsp;&nbsp; $544 | &nbsp;&nbsp;&nbsp;&nbsp; $520 | &nbsp;&nbsp;&nbsp;&nbsp; $24 |

---

**Investments in affiliates** <sup>(o)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Investment funds 1.54%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund  | $21147 | &nbsp;&nbsp; $1043 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $544 | &nbsp;&nbsp; $22734 | &nbsp;&nbsp; $1043 |
| **Short-term securities 7.71%** |  |  |  |  |  |  |  |
| **Money market investments 7.71%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(p)</sup>  | 23214 | &nbsp;&nbsp; 581246 | &nbsp;&nbsp; 490311 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; 17 | &nbsp;&nbsp; 114160 | &nbsp;&nbsp; 3583 |
| **Total 9.25%** |  |  |  | &nbsp;&nbsp; $(6)<br>| &nbsp;&nbsp; $561 | &nbsp;&nbsp; $136894 | &nbsp;&nbsp; $4626 |

---

**Restricted securities** <sup>(b)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Bank of America Corp. 3.648% 3/31/2029 (3-month <br> EUR-EURIBOR + 3.67% on 3/31/2028) <sup>(a)</sup> <br>| 5/19/2020 | $5709 | $5993 | 0.41<br> %<br>|
| CSN Inova Ventures 6.75% 1/28/2028  | 12/5/2025 - 12/11/2025 | 2558 | 2542 | 0.17 |
| Metropolitan Life Global Funding I 0.55% 6/16/2027  | 12/11/2023 | 2071 | 2287 | 0.15 |
| Stillwater Mining Co. 4.00% 11/16/2026  | 1/26/2024-2/20/2024 | 2013 | 2077 | 0.14 |
| Sasol Financing USA, LLC 8.75% 5/3/2029  | 7/18/2023-2/16/2024 | 1337 | 1355 | 0.09 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(i)</sup> <br>| 9/29/2025 | 74 | 81 | 0.01 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term <br> SOFR + 7.25%) 10.973% 9/13/2029 <sup>(g)(h)</sup> <br>| 9/13/2023 | 26 | 27 | 0.00 <br><sup>(s)</sup><br>|
| **Total** |  | $13788 | $14362 | 0.97<br> %<br>|

---

---

| | |
|:---|:---|
| **225** | American Funds Insurance Series |

---

------

Capital World Bond Fund<sup>®</sup> (continued)

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

<sup>(a)</sup> Step bond; coupon rate may change at a later date.

<sup>(b)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(c)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(d)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(e)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $156,400,000, which represented 10.57% of the net assets of the fund. 

<sup>(f)</sup> Value determined using significant unobservable inputs.

<sup>(g)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $1,355,000, which represented 0.09% of the net assets of the fund. 

<sup>(h)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(i)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(j)</sup> Scheduled interest and/or principal payment was not received.

<sup>(k)</sup> Amount less than one thousand.

<sup>(l)</sup> Represents securities transacted on a TBA basis.

<sup>(m)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $14,108,000, which represented 0.95% of the net assets of the fund. 

<sup>(n)</sup> Non-income producing.

<sup>(o)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(p)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(q)</sup> The maximum potential amount the fund may pay as a protection seller should a credit event occur.

<sup>(r)</sup> The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance risk. As the value of a sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance risk may decrease or increase, respectively. 

<sup>(s)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| AUD = Australian dollars |
| BRL = Brazilian reais |
| BZDIOVER = Overnight Brazilian Interbank Deposit <br> Rate<br>|
| CAD = Canadian dollars |
| CHF = Swiss francs |
| CLO = Collateralized Loan Obligations |
| CLP = Chilean pesos |
| CME = CME Group |
| CNH = Chinese yuan renminbi |
| CNY = Chinese yuan renminbi |
| COP = Colombian pesos |
| CORRA = Canadian Overnight Repo Rate Average |
| CZK = Czech korunas |
| DAC = Designated Activity Company |
| DKK = Danish kroner |
| EUR = Euros |

---

---

| |
|:---|
| EURIBOR = Euro Interbank Offered Rate |
| GBP = British pounds |
| HUF = Hungarian forints |
| ICE = Intercontinental Exchange, Inc. |
| IDR = Indonesian rupiah |
| INR = Indian rupees |
| JPY = Japanese yen |
| KRW = South Korean won |
| MXN = Mexican pesos |
| MYR = Malaysian ringgits |
| NIBOR = Norwegian Interbank Offered Rate |
| NOK = Norwegian kroner |
| NZD = New Zealand dollars |
| PHP = Philippine pesos |
| PIK = Payment In Kind |
| PLN = Polish zloty |
| PRIBOR = Prague Interbank Offered Rate |
| Ref. = Refunding |

---

---

| |
|:---|
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| RON = Romanian leu |
| SEK = Swedish kronor |
| SGD = Singapore dollars |
| SOFR = Secured Overnight Financing Rate |
| SONIA = Sterling Overnight Interbank Average Rate |
| STIBOR = Stockholm Interbank Offered Rate |
| STR = Short-Term Rate |
| TBA = To be announced |
| THB = Thai baht |
| TRY = Turkish lira |
| USD = U.S. dollars |
| UST = U.S. Treasury |
| WIBOR = Warsaw Interbank Offered Rate |
| ZAR = South African rand |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **226** |

---

------

American High-Income Trust<sup>®</sup>

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 88.59% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes 84.57%** | **Corporate bonds and notes 84.57%** | **Corporate bonds and notes 84.57%** |
| **Communication services 14.33%** |  |  |
| Altice France 6.50% 4/15/2032 <sup>(a)</sup>  | USD3,080 | $2955 |
| Altice France 6.875% 7/15/2032 <sup>(a)</sup>  | 1295 | 1243 |
| Altice France SA 10.00% 1/15/2033 <sup>(a)</sup>  | 80 | 73 |
| CCO Holdings, LLC 5.50% 5/1/2026 <sup>(a)</sup>  | 102 | 102 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(a)</sup>  | 1041 | 1033 |
| CCO Holdings, LLC 5.375% 6/1/2029 <sup>(a)</sup>  | 720 | 712 |
| CCO Holdings, LLC 6.375% 9/1/2029 <sup>(a)</sup>  | 445 | 451 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(a)</sup>  | 3281 | 3136 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(a)</sup>  | 2644 | 2491 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(a)</sup>  | 3164 | 2909 |
| CCO Holdings, LLC 7.375% 3/1/2031 <sup>(a)</sup>  | 70 | 72 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(a)</sup>  | 3163 | 2893 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 2669 | 2397 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(a)</sup>  | 3357 | 2942 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(a)</sup>  | 5497 | 4679 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 437 | 329 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 473 | 299 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 950 | 614 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 577 | 457 |
| Charter Communications Operating, LLC 3.85% 4/1/2061  | 175 | 104 |
| Clear Channel Outdoor Holdings, Inc. 7.75% 4/15/2028 <sup>(a)</sup>  | 670 | 671 |
| Clear Channel Outdoor Holdings, Inc. 7.50% 6/1/2029 <sup>(a)</sup>  | 430 | 427 |
| Clear Channel Outdoor Holdings, Inc. 7.125% 2/15/2031 <sup>(a)</sup>  | 925 | 972 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(a)</sup>  | 7980 | 8475 |
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(a)</sup>  | 230 | 197 |
| Cumulus Media New Holdings, Inc. 8.00% 7/1/2029 <sup>(a)</sup>  | 285 | 78 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(a)</sup>  | 2109 | 2123 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(a)</sup>  | 2865 | 2902 |
| Discovery Communications, LLC 4.125% 5/15/2029  | 300 | 290 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(a)</sup>  | 11088 | 11547 |
| EchoStar Corp. 10.75% 11/30/2029  | 5568 | 6162 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(b)</sup>  | 5450 | 5590 |
| Embarq, LLC 7.995% 6/1/2036  | 4729 | 1962 |
| Frontier Communications Holdings, LLC 5.875% 10/15/2027 <sup>(a)</sup>  | 445 | 448 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(a)</sup>  | 3655 | 3685 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 2625 | 2659 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(a)</sup>  | 3161 | 3217 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(a)</sup>  | 50 | 52 |
| Frontier Communications Holdings, LLC 8.625% 3/15/2031 <sup>(a)</sup>  | 225 | 238 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(a)</sup>  | 3591 | 3868 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(a)</sup>  | 791 | 614 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(a)</sup>  | 2538 | 1905 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(a)</sup>  | 3093 | 3212 |
| Lamar Media Corp. 4.00% 2/15/2030  | 260 | 252 |
| Lamar Media Corp. 3.625% 1/15/2031  | 360 | 339 |
| Lamar Media Corp. 5.375% 11/1/2033 <sup>(a)</sup>  | 450 | 448 |
| Ligado Networks, LLC 17.50% PIK 11/1/2023 <sup>(a)(b)(c)</sup>  | 3296 | 840 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(a)</sup>  | 883 | 922 |
| News Corp. 3.875% 5/15/2029 <sup>(a)</sup>  | 310 | 301 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(a)</sup>  | 3780 | 3755 |
| Paramount Global 7.875% 7/30/2030  | 130 | 141 |
| Paramount Global 6.875% 4/30/2036  | 490 | 483 |
| Scripps Escrow II, Inc. 3.875% 1/15/2029 <sup>(a)</sup>  | 280 | 258 |
| Sinclair Television Group, Inc. 8.125% 2/15/2033 <sup>(a)</sup>  | 1120 | 1171 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(a)</sup>  | 1760 | 1750 |
| Sirius XM Radio, LLC 5.00% 8/1/2027 <sup>(a)</sup>  | 700 | 704 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(a)</sup>  | 3484 | 3410 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(a)</sup>  | 510 | 514 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(a)</sup>  | 3380 | 3217 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(a)</sup>  | 5536 | 5102 |

---

---

| | |
|:---|:---|
| **227** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Communication services (continued)** |  |  |
| Snap, Inc. 6.875% 3/1/2033 <sup>(a)</sup>  | USD1,540 | $1597 |
| Stagwell Global, LLC 5.625% 8/15/2029 <sup>(a)</sup>  | 1010 | 986 |
| TEGNA, Inc. 5.00% 9/15/2029  | 1151 | 1142 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(a)</sup>  | 2180 | 2259 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(a)</sup>  | 4970 | 4778 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(a)</sup>  | 2552 | 2603 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(a)</sup>  | 995 | 1040 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(a)</sup>  | 3805 | 4092 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 21 | 19 |
| Verizon Communications, Inc. 4.75% 1/15/2033  | 79 | 79 |
| Verizon Communications, Inc. 5.75% 11/30/2045  | 19 | 19 |
| Verizon Communications, Inc. 5.875% 11/30/2055  | 48 | 47 |
| Verizon Communications, Inc. 6.00% 11/30/2065  | 22 | 22 |
| Versant Media Group, Inc. 7.25% 1/30/2031 <sup>(a)</sup>  | 1265 | 1306 |
| VMED 02 UK Financing I PLC 4.25% 1/31/2031 <sup>(a)</sup>  | 550 | 502 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 360 | 358 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 2821 | 2745 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 2970 | 2611 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 6878 | 4858 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 326 | 216 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(a)</sup>  | 1498 | 1443 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(a)</sup>  | 957 | 919 |
| WMG Acquisition Corp. 3.00% 2/15/2031 <sup>(a)</sup>  | 225 | 210 |
| Ziggo BV 4.875% 1/15/2030 <sup>(a)</sup>  | 215 | 203 |
|  |  | 148846 |
| **Energy 12.21%** |  |  |
| 3R Lux SARL 9.75% 2/5/2031 <sup>(a)</sup>  | 675 | 695 |
| Aker BP ASA 5.25% 10/30/2035 <sup>(a)</sup>  | 195 | 191 |
| Antero Midstream Partners, LP 5.75% 7/1/2034 <sup>(a)</sup>  | 575 | 580 |
| Archrock Partners, LP 6.25% 4/1/2028 <sup>(a)</sup>  | 255 | 257 |
| Archrock Partners, LP 6.625% 9/1/2032 <sup>(a)</sup>  | 520 | 537 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(a)</sup>  | 1855 | 1867 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(a)</sup>  | 1175 | 1219 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(a)</sup>  | 1150 | 1191 |
| BIP-V Chinook Holdco, LLC 5.50% 6/15/2031 <sup>(a)</sup>  | 1210 | 1198 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(a)</sup>  | 125 | 131 |
| Blue Racer Midstream, LLC 7.25% 7/15/2032 <sup>(a)</sup>  | 40 | 43 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(a)</sup>  | 2010 | 2023 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(a)</sup>  | 646 | 644 |
| California Resources Corp. 8.25% 6/15/2029 <sup>(a)</sup>  | 520 | 544 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(a)</sup>  | 1080 | 1126 |
| Chord Energy Corp. 6.75% 3/15/2033 <sup>(a)</sup>  | 990 | 1024 |
| CITGO Petroleum Corp. 8.375% 1/15/2029 <sup>(a)</sup>  | 1220 | 1273 |
| Civitas Resources, Inc. 5.00% 10/15/2026 <sup>(a)</sup>  | 585 | 586 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(a)</sup>  | 740 | 763 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(a)</sup>  | 585 | 614 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(a)</sup>  | 2207 | 2292 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(a)</sup>  | 290 | 313 |
| CNX Midstream Partners, LP 4.75% 4/15/2030 <sup>(a)</sup>  | 280 | 273 |
| CNX Resources Corp. 6.00% 1/15/2029 <sup>(a)</sup>  | 1754 | 1768 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(a)</sup>  | 931 | 968 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(a)</sup>  | 2160 | 2256 |
| Comstock Resources, Inc. 6.75% 3/1/2029 <sup>(a)</sup>  | 405 | 406 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(a)</sup>  | 890 | 866 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(a)</sup>  | 1950 | 2030 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(a)</sup>  | 907 | 939 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(a)</sup>  | 1635 | 1586 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **228** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(a)</sup>  | USD1,215 | $1154 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(a)</sup>  | 495 | 492 |
| Diamond Foreign Asset Co. 8.50% 10/1/2030 <sup>(a)</sup>  | 420 | 446 |
| DT Midstream, Inc. 4.125% 6/15/2029 <sup>(a)</sup>  | 1408 | 1390 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(a)</sup>  | 307 | 301 |
| Energean Israel Finance, Ltd. 5.375% 3/30/2028 <sup>(a)</sup>  | 775 | 766 |
| Energean Israel Finance, Ltd. 5.875% 3/30/2031 <sup>(a)</sup>  | 1040 | 1009 |
| Energy Transfer, LP 6.00% 2/1/2029 <sup>(a)</sup>  | 55 | 56 |
| EQT Corp. 6.375% 4/1/2029  | 185 | 192 |
| EQT Corp. 4.75% 1/15/2031  | 1350 | 1359 |
| EQT Corp. 3.625% 5/15/2031 <sup>(a)</sup>  | 290 | 273 |
| Expand Energy Corp. 4.875% 4/15/2022 <sup>(c)</sup>  | 4300 | 1 |
| Expand Energy Corp. 6.75% 4/15/2029 <sup>(a)</sup>  | 280 | 282 |
| Expand Energy Corp. 5.375% 3/15/2030  | 780 | 791 |
| Expand Energy Corp. 4.75% 2/1/2032  | 290 | 286 |
| Genesis Energy, LP 7.75% 2/1/2028  | 72 | 72 |
| Genesis Energy, LP 8.25% 1/15/2029  | 1545 | 1618 |
| Genesis Energy, LP 8.875% 4/15/2030  | 1225 | 1295 |
| Genesis Energy, LP 7.875% 5/15/2032  | 2785 | 2905 |
| Global Partners, LP 6.875% 1/15/2029  | 135 | 137 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(a)</sup>  | 580 | 613 |
| Global Partners, LP 7.125% 7/1/2033 <sup>(a)</sup>  | 385 | 394 |
| Gulfport Energy Operating Corp. 6.75% 9/1/2029 <sup>(a)</sup>  | 395 | 408 |
| Harbour Energy PLC 5.50% 10/15/2026 <sup>(a)</sup>  | 1065 | 1059 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(a)</sup>  | 1432 | 1454 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(a)</sup>  | 520 | 542 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(a)</sup>  | 775 | 792 |
| Hess Midstream Operations, LP 5.125% 6/15/2028 <sup>(a)</sup>  | 361 | 363 |
| Hess Midstream Operations, LP 6.50% 6/1/2029 <sup>(a)</sup>  | 695 | 720 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(a)</sup>  | 1430 | 1404 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(a)</sup>  | 490 | 498 |
| Hilcorp Energy I, LP 5.75% 2/1/2029 <sup>(a)</sup>  | 805 | 798 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(a)</sup>  | 837 | 817 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(a)</sup>  | 783 | 747 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(a)</sup>  | 605 | 572 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(a)</sup>  | 1258 | 1290 |
| Kodiak Gas Services, LLC 7.25% 2/15/2029 <sup>(a)</sup>  | 350 | 364 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(a)</sup>  | 200 | 204 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(a)</sup>  | 200 | 206 |
| Matador Resources Co. 6.875% 4/15/2028 <sup>(a)</sup>  | 275 | 282 |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(a)</sup>  | 720 | 731 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(a)</sup>  | 1245 | 1251 |
| Mesquite Energy, Inc. 7.25% 2/15/2023 <sup>(a)(c)</sup>  | 739 | 4 |
| Murphy Oil Corp. 6.375% 7/15/2028  | 243 | 245 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 410 | 410 |
| Murphy Oil USA, Inc. 3.75% 2/15/2031 <sup>(a)</sup>  | 820 | 770 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(a)</sup>  | 1225 | 1285 |
| Nabors Industries, Inc. 8.875% 8/15/2031 <sup>(a)</sup>  | 445 | 432 |
| Nabors Industries, Inc. 7.625% 11/15/2032 <sup>(a)</sup>  | 1240 | 1220 |
| Nabors Industries, Ltd. 7.50% 1/15/2028 <sup>(a)</sup>  | 75 | 75 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(a)</sup>  | 745 | 57 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(a)(c)</sup>  | 18263 | 5296 |
| NGL Energy Operating, LLC 8.125% 2/15/2029 <sup>(a)</sup>  | 105 | 109 |
| NGL Energy Operating, LLC 8.375% 2/15/2032 <sup>(a)</sup>  | 490 | 508 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(a)</sup>  | 1695 | 1762 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(a)</sup>  | 360 | 364 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(a)</sup>  | 895 | 872 |
| NuStar Logistics, LP 6.00% 6/1/2026  | 286 | 288 |
| Occidental Petroleum Corp. 6.60% 3/15/2046  | 582 | 604 |
| Occidental Petroleum Corp. 6.05% 10/1/2054  | 1200 | 1148 |

---

---

| | |
|:---|:---|
| **229** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Permian Resources Operating, LLC 8.00% 4/15/2027 <sup>(a)</sup>  | USD58 | $59 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(a)</sup>  | 955 | 999 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(a)</sup>  | 1490 | 1529 |
| Petrobras Global Finance BV 5.125% 9/10/2030  | 1070 | 1050 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 880 | 944 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 510 | 518 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 1010 | 978 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 185 | 166 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 320 | 261 |
| Range Resources Corp. 8.25% 1/15/2029  | 500 | 510 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(a)</sup>  | 285 | 282 |
| Seadrill Finance, Ltd. 8.375% 8/1/2030 <sup>(a)</sup>  | 200 | 208 |
| Suburban Propane Partners, LP 5.00% 6/1/2031 <sup>(a)</sup>  | 335 | 322 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(a)</sup>  | 1785 | 1852 |
| Sunoco, LP 6.00% 4/15/2027  | 547 | 550 |
| Sunoco, LP 5.875% 7/15/2027 <sup>(a)</sup>  | 535 | 538 |
| Sunoco, LP 5.875% 3/15/2028  | 290 | 292 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(a)</sup>  | 300 | 313 |
| Sunoco, LP 4.50% 5/15/2029  | 1970 | 1936 |
| Sunoco, LP 4.50% 4/30/2030  | 1880 | 1837 |
| Sunoco, LP 4.625% 5/1/2030 <sup>(a)</sup>  | 440 | 428 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(a)</sup>  | 925 | 932 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(a)</sup>  | 1335 | 1412 |
| Sunoco, LP 6.625% 8/15/2032 <sup>(a)</sup>  | 70 | 72 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(a)</sup>  | 810 | 830 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(a)</sup>  | 810 | 810 |
| Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 4.23% on 9/18/2030) <sup>(a)(d)</sup>  | 1775 | 1825 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(a)</sup>  | 985 | 1026 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(a)</sup>  | 1355 | 1416 |
| Targa Resources Partners, LP 5.50% 3/1/2030  | 327 | 332 |
| Targa Resources Partners, LP 4.875% 2/1/2031  | 180 | 181 |
| TGS ASA 8.50% 1/15/2030 <sup>(a)</sup>  | 710 | 744 |
| Tidewater, Inc. 9.125% 7/15/2030 <sup>(a)</sup>  | 265 | 285 |
| Transocean Aquila, Ltd. 8.00% 9/30/2028 <sup>(a)</sup>  | 387 | 398 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(a)</sup>  | 374 | 391 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(a)</sup>  | 290 | 304 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(a)</sup>  | 961 | 982 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(a)</sup>  | 665 | 659 |
| Transocean, Inc. 6.80% 3/15/2038  | 425 | 366 |
| USA Compression Partners, LP 7.125% 3/15/2029 <sup>(a)</sup>  | 430 | 445 |
| USA Compression Partners, LP 6.25% 10/1/2033 <sup>(a)</sup>  | 1045 | 1058 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(a)</sup>  | 1070 | 1004 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(a)</sup>  | 325 | 329 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(a)</sup>  | 1935 | 1762 |
| Venture Global Calcasieu Pass, LLC 3.875% 11/1/2033 <sup>(a)</sup>  | 1575 | 1351 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(a)</sup>  | 915 | 927 |
| Venture Global LNG, Inc. 9.50% 2/1/2029 <sup>(a)</sup>  | 405 | 420 |
| Venture Global LNG, Inc. 7.00% 1/15/2030 <sup>(a)</sup>  | 1025 | 987 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(a)</sup>  | 1785 | 1776 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(a)</sup>  | 885 | 915 |
| Venture Global LNG, Inc. 9.00% junior subordinated perpetual preferred bonds (5-year UST Yield Curve <br> Rate T Note Constant Maturity + 5.44% on 9/30/2029) <sup>(a)(d)</sup>  | 413 | 327 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(a)</sup>  | 920 | 937 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(a)</sup>  | 835 | 903 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(a)</sup>  | 1690 | 1732 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(a)</sup>  | 550 | 562 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(a)</sup>  | 970 | 1063 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(a)</sup>  | 1470 | 1506 |
| Vital Energy, Inc. 7.875% 4/15/2032 <sup>(a)</sup>  | 700 | 690 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **230** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** |  |  |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(a)</sup>  | USD1,375 | $1410 |
| Weatherford International, Ltd. 6.75% 10/15/2033 <sup>(a)</sup>  | 1030 | 1055 |
| Western Midstream Operating, LP 4.50% 3/1/2028  | 239 | 240 |
| Western Midstream Operating, LP 5.25% 2/1/2050  | 300 | 257 |
| Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029 <sup>(a)</sup>  | 395 | 400 |
| YPF SA 8.75% 9/11/2031  | 190 | 197 |
|  |  | 126776 |
| **Consumer discretionary 10.29%** |  |  |
| Acushnet Co. 5.625% 12/1/2033 <sup>(a)</sup>  | 645 | 654 |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 953 | 975 |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 920 | 845 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 959 | 817 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(a)</sup>  | 305 | 306 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(a)</sup>  | 555 | 548 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(a)</sup>  | 1245 | 1233 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(a)</sup>  | 1375 | 1432 |
| Allied Universal Holdco, LLC 7.875% 2/15/2031 <sup>(a)</sup>  | 430 | 453 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(a)</sup>  | 1275 | 1254 |
| Asbury Automotive Group, Inc. 5.00% 2/15/2032 <sup>(a)</sup>  | 600 | 583 |
| Bath & Body Works, Inc. 6.875% 11/1/2035  | 791 | 801 |
| Bath & Body Works, Inc. 6.75% 7/1/2036  | 295 | 293 |
| Beach Acquisition Bidco, LLC 10.75% PIK or 10.00% Cash 7/15/2033 <sup>(a)(b)</sup>  | 605 | 668 |
| Boyd Gaming Corp. 4.75% 6/15/2031 <sup>(a)</sup>  | 1330 | 1300 |
| Caesars Entertainment, Inc. 4.625% 10/15/2029 <sup>(a)</sup>  | 1394 | 1338 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(a)</sup>  | 1870 | 1938 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(a)</sup>  | 1025 | 1051 |
| Caesars Entertainment, Inc. 6.00% 10/15/2032 <sup>(a)</sup>  | 185 | 180 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(a)</sup>  | 1450 | 1429 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(a)</sup>  | 870 | 880 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(a)</sup>  | 135 | 142 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(a)</sup>  | 3044 | 3128 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(a)</sup>  | 3765 | 3890 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(a)</sup>  | 575 | 617 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(a)</sup>  | 1250 | 1215 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(a)</sup>  | 1760 | 1675 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(a)</sup>  | 1410 | 1375 |
| Flutter Treasury DAC 6.125% 6/4/2031  | GBP320 | 435 |
| Ford Motor Co. 3.25% 2/12/2032  | USD2,790 | 2460 |
| Ford Motor Credit Co., LLC 4.271% 1/9/2027  | 495 | 493 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 115 | 113 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 200 | 205 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 335 | 352 |
| Ford Motor Credit Co., LLC 5.113% 5/3/2029  | 695 | 696 |
| Ford Motor Credit Co., LLC 5.875% 11/7/2029  | 225 | 231 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 370 | 397 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 2263 | 2299 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 550 | 520 |
| Ford Motor Credit Co., LLC 6.05% 3/5/2031  | 570 | 586 |
| Ford Motor Credit Co., LLC 3.625% 6/17/2031  | 440 | 403 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 2185 | 2286 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 405 | 435 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 1955 | 1987 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 2755 | 2855 |
| Ford Motor Credit Co., LLC 5.869% 10/31/2035  | 4390 | 4337 |
| Gap, Inc. 3.625% 10/1/2029 <sup>(a)</sup>  | 170 | 161 |
| Gap, Inc. 3.875% 10/1/2031 <sup>(a)</sup>  | 108 | 100 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 530 | 553 |

---

---

| | |
|:---|:---|
| **231** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** |  |  |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(a)</sup>  | USD1,440 | $1478 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(a)</sup>  | 1790 | 1809 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(a)</sup>  | 1045 | 1001 |
| Hilton Domestic Operating Co., Inc. 5.75% 9/15/2033 <sup>(a)</sup>  | 655 | 671 |
| Hilton Domestic Operating Co., Inc. 5.50% 3/31/2034 <sup>(a)</sup>  | 290 | 292 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(a)</sup>  | 591 | 574 |
| Hyundai Capital America 1.65% 9/17/2026 <sup>(a)</sup>  | 70 | 69 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(a)</sup>  | 1065 | 1066 |
| KB Home 6.875% 6/15/2027  | 220 | 225 |
| KB Home 7.25% 7/15/2030  | 330 | 341 |
| Kontoor Brands, Inc. 4.125% 11/15/2029 <sup>(a)</sup>  | 370 | 354 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(a)</sup>  | 3405 | 3357 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(a)</sup>  | 1365 | 1445 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(a)</sup>  | 1315 | 1230 |
| Light and Wonder International, Inc. 6.25% 10/1/2033 <sup>(a)</sup>  | 395 | 400 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(a)</sup>  | 1090 | 1055 |
| Lithia Motors, Inc. 5.50% 10/1/2030 <sup>(a)</sup>  | 625 | 630 |
| Lithia Motors, Inc. 4.375% 1/15/2031 <sup>(a)</sup>  | 700 | 673 |
| Marriott Ownership Resorts, Inc. 4.50% 6/15/2029 <sup>(a)</sup>  | 455 | 435 |
| MGM Resorts International 5.50% 4/15/2027  | 200 | 202 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(a)</sup>  | 580 | 609 |
| Newell Brands, Inc. 6.625% 9/15/2029  | 570 | 569 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 1150 | 1125 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 1995 | 1938 |
| Newell Brands, Inc. 7.375% 4/1/2036  | 635 | 597 |
| Newell Brands, Inc. 7.50% 4/1/2046  | 285 | 238 |
| Nissan Motor Acceptance Co., LLC 5.30% 9/13/2027 <sup>(a)</sup>  | 400 | 401 |
| Nissan Motor Acceptance Co., LLC 6.125% 9/30/2030 <sup>(a)</sup>  | 1585 | 1586 |
| Nissan Motor Acceptance Corp. 1.85% 9/16/2026 <sup>(a)</sup>  | 350 | 343 |
| Nissan Motor Co., Ltd. 4.345% 9/17/2027 <sup>(a)</sup>  | 355 | 350 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(a)</sup>  | 1695 | 1780 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(a)</sup>  | 1665 | 1770 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(a)</sup>  | 4190 | 4456 |
| Party City Holdings, Inc. 0% 10/12/2028 <sup>(e)</sup>  | 500 | — <br><sup>(f)</sup><br>|
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(e)</sup>  | 2510 | 50 |
| PENN Entertainment, Inc. 4.125% 7/1/2029 <sup>(a)</sup>  | 15 | 14 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(a)</sup>  | 492 | 508 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(a)</sup>  | 660 | 654 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(a)</sup>  | 585 | 611 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 171 | 172 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 2887 | 3018 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(a)</sup>  | 550 | 489 |
| Sekisui House U.S., Inc. 6.00% 1/15/2043  | 803 | 752 |
| Service Corp. International 3.375% 8/15/2030  | 190 | 178 |
| Service Corp. International 4.00% 5/15/2031  | 515 | 493 |
| Somnigroup International, Inc. 4.00% 4/15/2029 <sup>(a)</sup>  | 95 | 93 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(a)</sup>  | 1981 | 1946 |
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(a)</sup>  | 2364 | 2293 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(a)</sup>  | 320 | 329 |
| TopBuild Corp. 5.625% 1/31/2034 <sup>(a)</sup>  | 885 | 896 |
| Travel + Leisure Co. 4.50% 12/1/2029 <sup>(a)</sup>  | 995 | 975 |
| Travel + Leisure Co. 4.625% 3/1/2030 <sup>(a)</sup>  | 200 | 196 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(a)</sup>  | 2720 | 2672 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(a)</sup>  | 315 | 321 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(a)</sup>  | 555 | 576 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(a)</sup>  | 630 | 580 |
| Wand NewCo 3, Inc. 7.625% 1/30/2032 <sup>(a)</sup>  | 10 | 11 |
| Wayfair, Inc. 6.75% 11/15/2032 <sup>(a)</sup>  | 120 | 124 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(a)</sup>  | 555 | 550 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(a)</sup>  | 352 | 354 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **232** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** |  |  |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(a)</sup>  | USD487 | $527 |
| Wynn Resorts Finance, LLC 6.25% 3/15/2033 <sup>(a)</sup>  | 720 | 737 |
| ZF North America Capital, Inc. 7.50% 3/24/2031 <sup>(a)</sup>  | 700 | 708 |
|  |  | 106820 |
| **Financials 9.73%** |  |  |
| AG Issuer, LLC 6.25% 3/1/2028 <sup>(a)</sup>  | 751 | 757 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(a)</sup>  | 555 | 554 |
| Alliant Holdings Intermediate, LLC 6.75% 4/15/2028 <sup>(a)</sup>  | 305 | 312 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(a)</sup>  | 1745 | 1753 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(a)</sup>  | 660 | 685 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(a)</sup>  | 1045 | 1078 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(a)</sup>  | 3585 | 3722 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(a)</sup>  | 1650 | 1624 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(a)</sup>  | 1095 | 1149 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(a)</sup>  | 2015 | 2102 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(a)</sup>  | 3193 | 3222 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(a)</sup>  | 680 | 735 |
| Asurion, LLC 8.00% 12/31/2032 <sup>(a)</sup>  | 715 | 742 |
| Blackstone Private Credit Fund 5.95% 7/16/2029  | 296 | 302 |
| Blackstone Private Credit Fund 6.00% 11/22/2034  | 795 | 803 |
| Block, Inc. 2.75% 6/1/2026  | 510 | 507 |
| Block, Inc. 5.625% 8/15/2030 <sup>(a)</sup>  | 1145 | 1169 |
| Block, Inc. 3.50% 6/1/2031  | 1660 | 1561 |
| Block, Inc. 6.50% 5/15/2032  | 920 | 957 |
| Block, Inc. 6.00% 8/15/2033 <sup>(a)</sup>  | 565 | 580 |
| Blue Owl Credit Income Corp. 6.65% 3/15/2031  | 380 | 392 |
| Cipher Compute, LLC 7.125% 11/15/2030 <sup>(a)</sup>  | 470 | 479 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(a)</sup>  | 4216 | 4020 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(a)</sup>  | 2544 | 2270 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(a)</sup>  | 3769 | 3499 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(a)</sup>  | 731 | 659 |
| Freedom Mortgage Holdings, LLC 6.875% 5/1/2031 <sup>(a)</sup>  | 725 | 726 |
| FS KKR Capital Corp. 6.125% 1/15/2031  | 540 | 527 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(a)</sup>  | 1140 | 1137 |
| Hightower Holding, LLC 9.125% 1/31/2030 <sup>(a)</sup>  | 195 | 208 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(a)</sup>  | 1100 | 1133 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(a)</sup>  | 857 | 900 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(a)</sup>  | 1265 | 1328 |
| ION Platform Finance US, Inc. 8.75% 5/1/2029 <sup>(a)</sup>  | 3875 | 3930 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(a)</sup>  | 2825 | 2864 |
| ION Platform Finance US, Inc. 9.00% 8/1/2029 <sup>(a)</sup>  | 1550 | 1533 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(a)</sup>  | 2515 | 2390 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(a)</sup>  | 1520 | 1452 |
| Jane Street Group, LLC 7.125% 4/30/2031 <sup>(a)</sup>  | 136 | 143 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(a)</sup>  | 1860 | 1943 |
| Jefferson Capital Holdings, LLC 8.25% 5/15/2030 <sup>(a)</sup>  | 245 | 258 |
| LPL Holdings, Inc. 4.375% 5/15/2031 <sup>(a)</sup>  | 715 | 697 |
| MSCI, Inc. 3.875% 2/15/2031 <sup>(a)</sup>  | 510 | 490 |
| MSCI, Inc. 3.625% 11/1/2031 <sup>(a)</sup>  | 256 | 240 |
| Navient Corp. 6.75% 6/15/2026  | 510 | 517 |
| Navient Corp. 5.00% 3/15/2027  | 2253 | 2259 |
| Navient Corp. 4.875% 3/15/2028  | 550 | 544 |
| Navient Corp. 5.50% 3/15/2029  | 4240 | 4212 |
| Navient Corp. 9.375% 7/25/2030  | 1907 | 2121 |
| Navient Corp. 11.50% 3/15/2031  | 880 | 986 |
| Navient Corp. 7.875% 6/15/2032  | 2445 | 2561 |
| Navient Corp. 5.625% 8/1/2033  | 2548 | 2332 |

---

---

| | |
|:---|:---|
| **233** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** |  |  |
| OneMain Finance Corp. 3.875% 9/15/2028  | USD165 | $161 |
| OneMain Finance Corp. 6.625% 5/15/2029  | 1055 | 1094 |
| OneMain Finance Corp. 5.375% 11/15/2029  | 1155 | 1156 |
| OneMain Finance Corp. 7.875% 3/15/2030  | 915 | 968 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 1885 | 1926 |
| OneMain Finance Corp. 4.00% 9/15/2030  | 245 | 231 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 125 | 132 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 1335 | 1395 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 1975 | 2054 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 1055 | 1068 |
| OneMain Finance Corp. 6.75% 9/15/2033  | 695 | 705 |
| Osaic Financial Services, Inc. 6.50% 11/30/2027  | 6 | 139 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(a)</sup>  | 765 | 800 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(a)</sup>  | 1575 | 1647 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(a)</sup>  | 1488 | 1493 |
| Panther Escrow Issuer, LLC 7.125% 6/1/2031 <sup>(a)</sup>  | 845 | 876 |
| PennyMac Financial Services, Inc. 6.875% 5/15/2032 <sup>(a)</sup>  | 440 | 461 |
| PennyMac Financial Services, Inc. 6.875% 2/15/2033 <sup>(a)</sup>  | 520 | 543 |
| Planet Financial Group, LLC 10.50% 12/15/2029 <sup>(a)</sup>  | 51 | 54 |
| Rocket Companies, Inc. 7.125% 2/1/2032 <sup>(a)</sup>  | 380 | 400 |
| Rocket Mortgage, LLC 2.875% 10/15/2026 <sup>(a)</sup>  | 520 | 513 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(a)</sup>  | 720 | 708 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(a)</sup>  | 805 | 823 |
| SLM Corp. 6.50% 1/31/2030  | 680 | 705 |
| Starwood Property Trust, Inc. 4.375% 1/15/2027 <sup>(a)</sup>  | 655 | 651 |
| Starwood Property Trust, Inc. 5.25% 10/15/2028 <sup>(a)</sup>  | 1015 | 1026 |
| Starwood Property Trust, Inc. 7.25% 4/1/2029 <sup>(a)</sup>  | 600 | 634 |
| Starwood Property Trust, Inc. 6.50% 7/1/2030 <sup>(a)</sup>  | 410 | 429 |
| Starwood Property Trust, Inc. 6.50% 10/15/2030 <sup>(a)</sup>  | 385 | 402 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(a)</sup>  | 4020 | 4268 |
| WEX, Inc. 6.50% 3/15/2033 <sup>(a)</sup>  | 550 | 565 |
|  |  | 101091 |
| **Materials 7.67%** |  |  |
| Alliance Resource Operating Partners, LP 8.625% 6/15/2029 <sup>(a)</sup>  | 975 | 1032 |
| AmeriTex HoldCo Intermediate, LLC, 7.625% 8/15/2033 <sup>(a)</sup>  | 495 | 523 |
| ArcelorMittal SA 7.00% 10/15/2039  | 488 | 551 |
| ArcelorMittal SA 6.75% 3/1/2041  | 825 | 905 |
| Ardagh Metal Packaging Finance PLC 4.00% 9/1/2029 <sup>(a)</sup>  | 1280 | 1206 |
| Avient Corp. 6.25% 11/1/2031 <sup>(a)</sup>  | 225 | 231 |
| Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/2031 <sup>(a)</sup>  | 240 | 253 |
| Axalta Coating Systems, LLC 4.75% 6/15/2027 <sup>(a)</sup>  | 460 | 461 |
| Ball Corp. 6.00% 6/15/2029  | 350 | 360 |
| Ball Corp. 2.875% 8/15/2030  | 160 | 148 |
| Ball Corp. 3.125% 9/15/2031  | 1235 | 1139 |
| Ball Corp. 5.50% 9/15/2033  | 1765 | 1801 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 36 | 37 |
| CAN-PACK Spolka Akcyjna 3.875% 11/15/2029 <sup>(a)</sup>  | 2075 | 1987 |
| Capstone Copper Corp. 6.75% 3/31/2033 <sup>(a)</sup>  | 245 | 254 |
| Celanese US Holdings, LLC 6.665% 7/15/2027  | 45 | 46 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 520 | 523 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 265 | 279 |
| Celanese US Holdings, LLC 7.00% 2/15/2031  | 675 | 692 |
| Celanese US Holdings, LLC 6.75% 4/15/2033  | 1615 | 1608 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 70 | 74 |
| Celanese US Holdings, LLC 7.375% 2/15/2034  | 560 | 569 |
| Century Aluminum Co. 6.875% 8/1/2032 <sup>(a)</sup>  | 400 | 413 |
| Cleveland-Cliffs, Inc. 4.625% 3/1/2029 <sup>(a)</sup>  | 2036 | 2007 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **234** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Materials (continued)** |  |  |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(a)</sup>  | USD2,404 | $2492 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(a)</sup>  | 1105 | 1138 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(a)</sup>  | 2025 | 1951 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(a)</sup>  | 1930 | 2037 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(a)</sup>  | 2035 | 2088 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(a)</sup>  | 290 | 302 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(a)</sup>  | 1175 | 1229 |
| Commercial Metals Co. 5.75% 11/15/2033 <sup>(a)</sup>  | 560 | 573 |
| Commercial Metals Co. 6.00% 12/15/2035 <sup>(a)</sup>  | 1160 | 1190 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 <sup>(a)</sup>  | 655 | 427 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(a)</sup>  | 3465 | 2454 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(a)</sup>  | 485 | 488 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(a)</sup>  | 3490 | 3679 |
| First Quantum Minerals, Ltd. 7.25% 2/15/2034 <sup>(a)</sup>  | 490 | 516 |
| Freeport-McMoRan, Inc. 4.25% 3/1/2030  | 432 | 429 |
| Freeport-McMoRan, Inc. 5.45% 3/15/2043  | 381 | 369 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(a)(b)(d)</sup>  | 6093 | 3473 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(a)</sup>  | 10551 | 9496 |
| Graphic Packaging International, LLC 3.75% 2/1/2030 <sup>(a)</sup>  | 420 | 399 |
| Graphic Packaging International, LLC 6.375% 7/15/2032 <sup>(a)</sup>  | 590 | 602 |
| INEOS Finance PLC 6.75% 5/15/2028 <sup>(a)</sup>  | 500 | 445 |
| INEOS Finance PLC 7.50% 4/15/2029 <sup>(a)</sup>  | 285 | 248 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(a)</sup>  | 510 | 521 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(a)</sup>  | 805 | 827 |
| LSB Industries, Inc. 6.25% 10/15/2028 <sup>(a)</sup>  | 130 | 130 |
| LYB International Finance III, LLC 5.125% 1/15/2031  | 16 | 16 |
| Magnera Corp. 4.75% 11/15/2029 <sup>(a)</sup>  | 425 | 393 |
| Methanex Corp. 5.125% 10/15/2027  | 2415 | 2430 |
| Methanex Corp. 5.25% 12/15/2029  | 747 | 754 |
| Methanex Corp. 5.65% 12/1/2044  | 465 | 417 |
| Methanex US Operations, Inc. 6.25% 3/15/2032 <sup>(a)</sup>  | 1415 | 1458 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(a)</sup>  | 200 | 207 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(a)</sup>  | 2079 | 2127 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(a)</sup>  | 1820 | 1912 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(a)</sup>  | 750 | 781 |
| NOVA Chemicals Corp. 8.50% 11/15/2028 <sup>(a)</sup>  | 245 | 256 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(a)</sup>  | 425 | 416 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(a)</sup>  | 2100 | 2245 |
| NOVA Chemicals Corp. 7.00% 12/1/2031 <sup>(a)</sup>  | 665 | 711 |
| Novelis Corp. 3.875% 8/15/2031 <sup>(a)</sup>  | 497 | 453 |
| Olin Corp. 6.625% 4/1/2033 <sup>(a)</sup>  | 80 | 80 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(a)</sup>  | 560 | 583 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(a)</sup>  | 995 | 1040 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(a)(b)(d)</sup>  | 1611 | 1634 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(b)(d)</sup>  | 683 | 693 |
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(a)</sup>  | 1310 | 1315 |
| Solstice Advanced Materials, Inc. 5.625% 9/30/2033 <sup>(a)</sup>  | 900 | 909 |
| Synergy Infrastructure Holdings, LLC 7.875% 12/1/2030 <sup>(a)</sup>  | 325 | 338 |
| Trident TPI Holdings, Inc. 12.75% 12/31/2028 <sup>(a)</sup>  | 470 | 482 |
| Trivium Packaging Finance BV 8.25% 7/15/2030 <sup>(a)</sup>  | 526 | 564 |
| Trivium Packaging Finance BV 12.25% 1/15/2031 <sup>(a)</sup>  | 1015 | 1102 |
| Vale Overseas, Ltd. 6.00% 2/25/2056 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.431% on <br> 2/25/2031) <sup>(a)(d)</sup>  | 200 | 200 |
| Veritiv Operating Co. 10.50% 11/30/2030 <sup>(a)</sup>  | 780 | 840 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(a)</sup>  | 598 | 612 |
| Westlake Corp. 5.55% 11/15/2035  | 54 | 54 |
| Westlake Corp. 6.375% 11/15/2055  | 40 | 39 |
|  |  | 79663 |

---

---

| | |
|:---|:---|
| **235** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care 7.45%** |  |  |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(a)</sup>  | USD4,173 | $4343 |
| AdaptHealth, LLC 6.125% 8/1/2028 <sup>(a)</sup>  | 285 | 288 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(a)</sup>  | 1105 | 1075 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(a)</sup>  | 1425 | 1397 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(a)</sup>  | 495 | 523 |
| AthenaHealth Group, Inc. 6.50% 2/15/2030 <sup>(a)</sup>  | 590 | 589 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(a)</sup>  | 2040 | 2031 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(a)</sup>  | 620 | 596 |
| Bausch + Lomb Corp. 8.375% 10/1/2028 <sup>(a)</sup>  | 205 | 214 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(a)</sup>  | 1786 | 1770 |
| Bausch Health Cos., Inc. 5.00% 1/30/2028 <sup>(a)</sup>  | 442 | 387 |
| Bausch Health Cos., Inc. 4.875% 6/1/2028 <sup>(a)</sup>  | 455 | 408 |
| Bausch Health Cos., Inc. 11.00% 9/30/2028 <sup>(a)</sup>  | 216 | 224 |
| Bausch Health Cos., Inc. 7.25% 5/30/2029 <sup>(a)</sup>  | 20 | 16 |
| Bausch Health Cos., Inc. 5.25% 1/30/2030 <sup>(a)</sup>  | 682 | 481 |
| Bausch Health Cos., Inc. 5.25% 2/15/2031 <sup>(a)</sup>  | 592 | 388 |
| Centene Corp. 4.625% 12/15/2029  | 945 | 917 |
| Centene Corp. 3.375% 2/15/2030  | 42 | 39 |
| Centene Corp. 2.50% 3/1/2031  | 1125 | 972 |
| Centene Corp. 2.625% 8/1/2031  | 100 | 86 |
| Charles River Laboratories International, Inc. 4.25% 5/1/2028 <sup>(a)</sup>  | 186 | 184 |
| CHS / Community Health Systems, Inc. 6.00% 1/15/2029 <sup>(a)</sup>  | 805 | 808 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(a)</sup>  | 2360 | 2221 |
| CHS / Community Health Systems, Inc. 4.75% 2/15/2031 <sup>(a)</sup>  | 1020 | 909 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(a)</sup>  | 162 | 177 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(a)</sup>  | 1365 | 1328 |
| DaVita, Inc. 3.75% 2/15/2031 <sup>(a)</sup>  | 875 | 810 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(a)</sup>  | 2255 | 2349 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(a)</sup>  | 2035 | 2112 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(a)</sup>  | 2565 | 2714 |
| Grifols SA 4.75% 10/15/2028 <sup>(a)</sup>  | 1590 | 1571 |
| Grifols SA 7.50% 5/1/2030  | EUR410 | 507 |
| HCA, Inc. 4.625% 3/15/2052  | USD233 | 190 |
| HCA, Inc. 7.50% 11/15/2095  | 210 | 229 |
| Insulet Corp. 6.50% 4/1/2033 <sup>(a)</sup>  | 57 | 60 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(a)</sup>  | 1475 | 1543 |
| Jazz Securities DAC 4.375% 1/15/2029 <sup>(a)</sup>  | 506 | 499 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(a)</sup>  | 2330 | 2276 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(a)</sup>  | 914 | 946 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(a)</sup>  | 1470 | 1479 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(a)</sup>  | 1115 | 1097 |
| Molina Healthcare, Inc. 3.875% 11/15/2030 <sup>(a)</sup>  | 1349 | 1253 |
| Molina Healthcare, Inc. 6.50% 2/15/2031 <sup>(a)</sup>  | 960 | 987 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(a)</sup>  | 3565 | 3245 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(a)</sup>  | 1385 | 1413 |
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(a)</sup>  | 2122 | 1442 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(a)</sup>  | 6277 | 4011 |
| Perrigo Finance Unlimited Co. 6.125% 9/30/2032  | 400 | 390 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(a)(b)</sup>  | 2278 | 2196 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(a)</sup>  | 2945 | 3080 |
| Sotera Health Holdings, LLC 7.375% 6/1/2031 <sup>(a)</sup>  | 635 | 667 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(a)</sup>  | 855 | 866 |
| Team Health Holdings, Inc. 8.375% 6/30/2028 <sup>(a)</sup>  | 260 | 264 |
| Tenet Healthcare Corp. 5.125% 11/1/2027  | 80 | 80 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 1785 | 1760 |
| Tenet Healthcare Corp. 4.375% 1/15/2030  | 895 | 879 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 1070 | 1114 |
| Tenet Healthcare Corp. 6.875% 11/15/2031  | 100 | 110 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 452 | 454 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 415 | 431 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **236** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** |  |  |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | USD6,990 | $7075 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 400 | 441 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 1159 | 1336 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 1345 | 1413 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 1377 | 1043 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 610 | 633 |
|  |  | 77336 |
| **Real estate 6.36%** |  |  |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(a)</sup>  | 1408 | 1369 |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(a)</sup>  | 917 | 860 |
| Anywhere Real Estate Group, LLC 7.00% 4/15/2030 <sup>(a)</sup>  | 160 | 160 |
| Brookfield Property REIT, Inc. 5.75% 5/15/2026 <sup>(a)</sup>  | 739 | 735 |
| Forestar Group, Inc. 5.00% 3/1/2028 <sup>(a)</sup>  | 92 | 92 |
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(a)</sup>  | 1900 | 1939 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(a)</sup>  | 150 | 151 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(a)</sup>  | 2763 | 2687 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(a)</sup>  | 4043 | 3853 |
| Hudson Pacific Properties, LP 5.95% 2/15/2028  | 200 | 197 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 430 | 364 |
| Iron Mountain, Inc. 5.00% 7/15/2028 <sup>(a)</sup>  | 367 | 367 |
| Iron Mountain, Inc. 7.00% 2/15/2029 <sup>(a)</sup>  | 210 | 216 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(a)</sup>  | 3225 | 3189 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(a)</sup>  | 1995 | 1903 |
| Iron Mountain, Inc. 5.625% 7/15/2032 <sup>(a)</sup>  | 220 | 217 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 1785 | 1742 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 2645 | 2495 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 2430 | 2287 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(a)</sup>  | 565 | 559 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 38 | 39 |
| Ladder Capital Finance Holdings LLLP 7.00% 7/15/2031 <sup>(a)</sup>  | 215 | 228 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 9703 | 9405 |
| MPT Operating Partnership, LP 4.625% 8/1/2029  | 335 | 281 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 1524 | 1109 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(a)</sup>  | 4629 | 4947 |
| Park Intermediate Holdings, LLC 5.875% 10/1/2028 <sup>(a)</sup>  | 370 | 371 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(a)</sup>  | 820 | 801 |
| Park Intermediate Holdings, LLC 7.00% 2/1/2030 <sup>(a)</sup>  | 740 | 762 |
| Pebblebrook Hotel, LP 6.375% 10/15/2029 <sup>(a)</sup>  | 655 | 673 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(a)</sup>  | 45 | 45 |
| RLJ Lodging Trust, LP 4.00% 9/15/2029 <sup>(a)</sup>  | 460 | 437 |
| SBA Communications Corp. 3.125% 2/1/2029  | 131 | 126 |
| Service Properties Trust 4.95% 2/15/2027  | 841 | 845 |
| Service Properties Trust 0% 9/30/2027 <sup>(a)</sup>  | 1175 | 1063 |
| Service Properties Trust 5.50% 12/15/2027  | 750 | 741 |
| Service Properties Trust 3.95% 1/15/2028  | 3031 | 2864 |
| Service Properties Trust 8.375% 6/15/2029  | 2655 | 2672 |
| Service Properties Trust 4.95% 10/1/2029  | 3518 | 3069 |
| Service Properties Trust 4.375% 2/15/2030  | 3180 | 2697 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(a)</sup>  | 4850 | 5104 |
| Service Properties Trust 8.875% 6/15/2032  | 1385 | 1367 |
| Trust Fibra Uno 7.70% 1/23/2032 <sup>(a)</sup>  | 405 | 444 |
| VICI Properties, LP 3.875% 2/15/2029 <sup>(a)</sup>  | 625 | 614 |
|  |  | 66086 |
| **Information technology 6.20%** |  |  |
| Amphenol Corp. 4.125% 11/15/2030  | 120 | 119 |

---

---

| | |
|:---|:---|
| **237** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Information technology (continued)** |  |  |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(a)</sup>  | USD3,050 | $3255 |
| Booz Allen Hamilton, Inc. 3.875% 9/1/2028 <sup>(a)</sup>  | 60 | 59 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(a)</sup>  | 2150 | 2180 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(a)</sup>  | 5185 | 5404 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(a)</sup>  | 1935 | 2023 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(a)</sup>  | 1755 | 1740 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(a)</sup>  | 1350 | 1348 |
| CommScope, LLC 8.25% 3/1/2027 <sup>(a)</sup>  | 1254 | 1265 |
| CommScope, LLC 7.125% 7/1/2028 <sup>(a)</sup>  | 1107 | 1114 |
| CommScope, LLC 4.75% 9/1/2029 <sup>(a)</sup>  | 103 | 103 |
| CommScope, LLC 9.50% 12/15/2031 <sup>(a)</sup>  | 425 | 430 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(a)</sup>  | 5475 | 5840 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(a)</sup>  | 275 | 281 |
| Fair Isaac Corp. 4.00% 6/15/2028 <sup>(a)</sup>  | 1175 | 1163 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(a)</sup>  | 2200 | 2267 |
| Fortress Intermediate 3, Inc. 7.50% 6/1/2031 <sup>(a)</sup>  | 440 | 460 |
| Gen Digital, Inc. 6.25% 4/1/2033 <sup>(a)</sup>  | 725 | 751 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 5511 | 5270 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 6124 | 5599 |
| Imola Merger Corp. 4.75% 5/15/2029 <sup>(a)</sup>  | 300 | 296 |
| Intel Corp. 3.05% 8/12/2051  | 150 | 92 |
| Intel Corp. 5.60% 2/21/2054  | 253 | 234 |
| McAfee Corp. 7.375% 2/15/2030 <sup>(a)</sup>  | 275 | 240 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(a)</sup>  | 1785 | 1938 |
| NCR Voyix Corp. 5.125% 4/15/2029 <sup>(a)</sup>  | 343 | 342 |
| Pagaya US Holding Co., LLC 8.875% 8/1/2030 <sup>(a)</sup>  | 700 | 611 |
| Qnity Electronics, Inc. 5.75% 8/15/2032 <sup>(a)</sup>  | 120 | 123 |
| Qnity Electronics, Inc. 6.25% 8/15/2033 <sup>(a)</sup>  | 120 | 125 |
| Shift4 Payments, LLC 6.75% 8/15/2032 <sup>(a)</sup>  | 985 | 1018 |
| Synaptics, Inc. 4.00% 6/15/2029 <sup>(a)</sup>  | 375 | 363 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(a)</sup>  | 1325 | 1363 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(a)</sup>  | 1875 | 1922 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(a)</sup>  | 5540 | 5553 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(a)</sup>  | 1195 | 1163 |
| Viasat, Inc. 7.50% 5/30/2031 <sup>(a)</sup>  | 2234 | 2127 |
| Viavi Solutions, Inc. 3.75% 10/1/2029 <sup>(a)</sup>  | 230 | 220 |
| VoltaGrid, LLC 7.375% 11/1/2030 <sup>(a)</sup>  | 410 | 406 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(b)(g)</sup>  | 2579 | 2811 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(a)</sup>  | 2410 | 2485 |
| X.AI Corp. 12.50% 6/30/2030  | 200 | 213 |
| Ziff Davis, Inc. 4.625% 10/15/2030 <sup>(a)</sup>  | 125 | 119 |
|  |  | 64435 |
| **Industrials 5.71%** |  |  |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(a)</sup>  | 261 | 270 |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(a)</sup>  | 200 | 196 |
| AECOM 6.00% 8/1/2033 <sup>(a)</sup>  | 45 | 46 |
| Albion Financing 1 SARL 7.00% 5/21/2030 <sup>(a)</sup>  | 645 | 676 |
| Allison Transmission, Inc. 3.75% 1/30/2031 <sup>(a)</sup>  | 1045 | 985 |
| Allison Transmission, Inc. 5.875% 12/1/2033 <sup>(a)</sup>  | 315 | 320 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(a)</sup>  | 1265 | 1334 |
| ATI, Inc. 4.875% 10/1/2029  | 690 | 691 |
| ATI, Inc. 5.125% 10/1/2031  | 775 | 776 |
| Avis Budget Car Rental, LLC 5.75% 7/15/2027 <sup>(a)</sup>  | 767 | 771 |
| Avis Budget Car Rental, LLC 4.75% 4/1/2028 <sup>(a)</sup>  | 55 | 54 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(a)</sup>  | 925 | 903 |
| Avis Budget Car Rental, LLC 8.00% 2/15/2031 <sup>(a)</sup>  | 445 | 458 |
| Avis Budget Group, Inc. 5.75% 7/15/2027 <sup>(a)</sup>  | 61 | 61 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **238** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** |  |  |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(a)</sup>  | USD1,205 | $1247 |
| Axon Enterprise, Inc. 6.25% 3/15/2033 <sup>(a)</sup>  | 1230 | 1285 |
| BWX Technologies, Inc. 4.125% 6/30/2028 <sup>(a)</sup>  | 165 | 163 |
| BWX Technologies, Inc. 4.125% 4/15/2029 <sup>(a)</sup>  | 335 | 327 |
| Carpenter Technology Corp. 5.625% 3/1/2034 <sup>(a)</sup>  | 525 | 534 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(a)</sup>  | 915 | 889 |
| Clarivate Science Holdings Corp. 4.875% 7/1/2029 <sup>(a)</sup>  | 890 | 842 |
| Clean Harbors, Inc. 5.125% 7/15/2029 <sup>(a)</sup>  | 160 | 160 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(a)</sup>  | 1815 | 1866 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(a)</sup>  | 3294 | 3243 |
| Enviri Corp. 5.75% 7/31/2027 <sup>(a)</sup>  | 800 | 801 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(a)</sup>  | 3655 | 3803 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(a)</sup>  | 744 | 787 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(a)</sup>  | 201 | 212 |
| FTAI Aviation Investors, LLC 7.875% 12/1/2030 <sup>(a)</sup>  | 45 | 48 |
| Garda World Security Corp. 6.50% 1/15/2031 <sup>(a)</sup>  | 785 | 804 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(a)</sup>  | 1275 | 1301 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(a)</sup>  | 455 | 474 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(a)</sup>  | 890 | 937 |
| Herc Holdings, Inc. 5.75% 3/15/2031 <sup>(a)</sup>  | 30 | 30 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(a)</sup>  | 1585 | 1682 |
| Herc Holdings, Inc. 6.00% 3/15/2034 <sup>(a)</sup>  | 30 | 30 |
| Hertz Corp. (The) 4.625% 12/1/2026 <sup>(a)</sup>  | 258 | 247 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 273 | 274 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 3754 | 3705 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 735 | 734 |
| Icahn Enterprises, LP 4.375% 2/1/2029  | 855 | 741 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(a)</sup>  | 90 | 90 |
| Miter Brands Acquisition Holdco, Inc. 6.75% 4/1/2032 <sup>(a)</sup>  | 309 | 317 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(a)</sup>  | 395 | 391 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(a)</sup>  | 1080 | 1065 |
| OneSky Flight, LLC 8.875% 12/15/2029 <sup>(a)</sup>  | 360 | 385 |
| Pitney Bowes, Inc. 6.875% 3/15/2027 <sup>(a)</sup>  | 600 | 603 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(a)</sup>  | 1495 | 1563 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(a)</sup>  | 1010 | 972 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(a)</sup>  | 1090 | 905 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(a)</sup>  | 505 | 512 |
| Sensata Technologies, Inc. 3.75% 2/15/2031 <sup>(a)</sup>  | 795 | 747 |
| SkyMiles IP, Ltd. 4.75% 10/20/2028 <sup>(a)</sup>  | 440 | 443 |
| Spirit AeroSystems, Inc. 4.60% 6/15/2028  | 798 | 799 |
| Standard Building Solutions, Inc. 6.50% 8/15/2032 <sup>(a)</sup>  | 435 | 448 |
| Standard Building Solutions, Inc. 6.25% 8/1/2033 <sup>(a)</sup>  | 1515 | 1548 |
| Standard Building Solutions, Inc. 5.875% 3/15/2034 <sup>(a)</sup>  | 120 | 120 |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(a)(e)</sup>  | 98 | 98 |
| TransDigm, Inc. 6.75% 8/15/2028 <sup>(a)</sup>  | 75 | 76 |
| TransDigm, Inc. 4.625% 1/15/2029  | 180 | 179 |
| TransDigm, Inc. 6.875% 12/15/2030 <sup>(a)</sup>  | 355 | 372 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(a)</sup>  | 1775 | 1849 |
| TransDigm, Inc. 6.00% 1/15/2033 <sup>(a)</sup>  | 905 | 927 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(a)</sup>  | 2900 | 2978 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(a)</sup>  | 1190 | 1235 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(a)</sup>  | 3705 | 3862 |
| United Rentals (North America), Inc. 6.00% 12/15/2029 <sup>(a)</sup>  | 115 | 118 |
| United Rentals (North America), Inc. 3.875% 2/15/2031  | 745 | 711 |
| United Rentals (North America), Inc. 6.125% 3/15/2034 <sup>(a)</sup>  | 310 | 323 |
| Waste Pro USA, Inc. 7.00% 2/1/2033 <sup>(a)</sup>  | 225 | 232 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(a)</sup>  | 425 | 444 |
| WESCO Distribution, Inc. 6.375% 3/15/2033 <sup>(a)</sup>  | 320 | 334 |
|  |  | 59353 |

---

---

| | |
|:---|:---|
| **239** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer staples 3.10%** |  |  |
| Albertsons Cos., Inc. 5.875% 2/15/2028 <sup>(a)</sup>  | USD400 | $403 |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(a)</sup>  | 1428 | 1373 |
| Albertsons Cos., Inc. 4.875% 2/15/2030 <sup>(a)</sup>  | 1620 | 1609 |
| Albertsons Cos., Inc. 5.50% 3/31/2031 <sup>(a)</sup>  | 605 | 612 |
| Albertsons Cos., Inc. 5.75% 3/31/2034 <sup>(a)</sup>  | 535 | 538 |
| Amer Sports Co. 6.75% 2/16/2031 <sup>(a)</sup>  | 765 | 803 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 2103 | 2061 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(a)</sup>  | 3880 | 3822 |
| Central Garden & Pet Co. 4.125% 10/15/2030  | 755 | 725 |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(a)</sup>  | 2150 | 2036 |
| Coty, Inc. 4.75% 1/15/2029 <sup>(a)</sup>  | 1185 | 1169 |
| Coty, Inc. 6.625% 7/15/2030 <sup>(a)</sup>  | 380 | 391 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(a)</sup>  | 90 | 91 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(a)</sup>  | 485 | 493 |
| Fiesta Purchaser, Inc. 7.875% 3/1/2031 <sup>(a)</sup>  | 915 | 958 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(a)</sup>  | 725 | 762 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(a)</sup>  | 370 | 351 |
| Lamb Weston Holdings, Inc. 4.875% 5/15/2028 <sup>(a)</sup>  | 75 | 75 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(a)</sup>  | 1145 | 1109 |
| Lamb Weston Holdings, Inc. 4.375% 1/31/2032 <sup>(a)</sup>  | 855 | 815 |
| Mars, Inc. 4.60% 3/1/2028 <sup>(a)</sup>  | 150 | 152 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(a)</sup>  | 45 | 46 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(a)</sup>  | 45 | 45 |
| Opal Bidco SAS 6.50% 3/31/2032 <sup>(a)</sup>  | 460 | 471 |
| Philip Morris International, Inc. 3.875% 10/27/2028  | 195 | 195 |
| Philip Morris International, Inc. 4.00% 10/29/2030  | 118 | 117 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(a)</sup>  | 1815 | 1769 |
| Post Holdings, Inc. 4.50% 9/15/2031 <sup>(a)</sup>  | 1145 | 1087 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(a)</sup>  | 920 | 946 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(a)</sup>  | 415 | 420 |
| Post Holdings, Inc. 6.50% 3/15/2036 <sup>(a)</sup>  | 1110 | 1112 |
| Prestige Brands, Inc. 5.125% 1/15/2028 <sup>(a)</sup>  | 338 | 339 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(a)</sup>  | 1275 | 1195 |
| TreeHouse Foods, Inc. 4.00% 9/1/2028  | 2200 | 2195 |
| United Natural Foods, Inc. 6.75% 10/15/2028 <sup>(a)</sup>  | 963 | 969 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(a)</sup>  | 510 | 504 |
| US Foods, Inc. 5.75% 4/15/2033 <sup>(a)</sup>  | 470 | 479 |
|  |  | 32237 |
| **Utilities 1.47%** |  |  |
| AmeriGas Partners, LP 5.75% 5/20/2027  | 302 | 304 |
| Calpine Corp. 4.50% 2/15/2028 <sup>(a)</sup>  | 150 | 150 |
| Calpine Corp. 5.125% 3/15/2028 <sup>(a)</sup>  | 105 | 105 |
| CMS Energy Corp., junior subordinated, 6.50% 6/1/2055 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 1.961% on 6/1/2035) <sup>(d)</sup>  | 470 | 484 |
| Emera, Inc. 6.75% 6/15/2076 (3-month USD CME Term SOFR + 5.702% on 6/15/2026) <sup>(d)</sup>  | 1155 | 1165 |
| Exelon Corp., junior subordinated, 6.50% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.975% on 3/15/2035) <sup>(d)</sup>  | 350 | 364 |
| FirstEnergy Corp. 2.25% 9/1/2030  | 820 | 743 |
| Ithaca Energy (North Sea) PLC 8.125% 10/15/2029 <sup>(a)</sup>  | 355 | 368 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(a)</sup>  | 1935 | 2061 |
| Pacific Gas and Electric Co. 5.05% 10/15/2032  | 120 | 121 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 280 | 213 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 745 | 631 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 1305 | 882 |
| Pacific Gas and Electric Co. 6.10% 10/15/2055  | 200 | 196 |
| PG&E Corp. 5.00% 7/1/2028  | 390 | 390 |
| PG&E Corp. 5.25% 7/1/2030  | 2960 | 2941 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **240** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** |  |  |
| PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 3.883% on 3/15/2030) <sup>(d)</sup>  | USD2,050 | $2136 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(a)</sup>  | 1307 | 1384 |
| Vistra Operations Co., LLC 4.375% 5/1/2029 <sup>(a)</sup>  | 175 | 173 |
| XPLR Infrastructure Operating Partners, LP 8.375% 1/15/2031 <sup>(a)</sup>  | 395 | 415 |
|  |  | 15226 |
| **Municipals 0.05%** |  |  |
| I-20 Lancaster Fund, LLC 12.00% 1/15/2035 <sup>(a)</sup>  | 546 | 541 |
| **Total corporate bonds and notes** |  | 878410 |
| **Loans 3.92%** | **Loans 3.92%** | **Loans 3.92%** |
| **Information technology 0.90%** |  |  |
| CommScope, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.466% 12/17/2029 <sup>(h)(i)</sup>  | 645 | 647 |
| Ellucian Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.466% 11/22/2032 <sup>(h)(i)</sup>  | 130 | 131 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 10.973% 9/13/2029 <sup>(g)(h)(i)</sup>  | 1000 | 1007 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 7.688% 7/30/2032 <sup>(h)(i)</sup>  | 2885 | 2829 |
| Finastra USA, Inc., Term Loan, (3-month USD CME Term SOFR + 7.00%) 10.723% 9/15/2033 <sup>(h)(i)</sup>  | 80 | 79 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.716% 3/20/2032 <sup>(h)(i)</sup>  | 620 | 622 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.716% 3/20/2033 <sup>(h)(i)</sup>  | 875 | 857 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.614%) 8.331% 3/2/2029 <sup>(h)(i)</sup>  | 2087 | 2084 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.348% 5/30/2030 <sup>(h)(i)</sup>  | 1149 | 1147 |
|  |  | 9403 |
| **Financials 0.64%** |  |  |
| Alera Group Intermediate Holdings, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.25%) 6.966% <br> 5/30/2032 <sup>(h)(i)</sup>  | 613 | 617 |
| Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.216% <br>5/30/2033 <sup>(h)(i)</sup>  | 1262 | 1288 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% 5/6/2032 <sup>(h)(i)</sup>  | 2891 | 2935 |
| Denali Intermediate Holdings, Inc., Term Loan, (1-month CME Term SOFR + 5.50%) 9.227% 8/26/2032 <sup>(h)(i)</sup>  | 940 | 953 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.25%) 6.12% 6/20/2030 <sup>(h)(i)</sup>  | 145 | 146 |
| Osaic Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.595% 7/30/2032 <sup>(h)(i)</sup>  | 700 | 704 |
|  |  | 6643 |
| **Communication services 0.62%** |  |  |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.216% 9/27/2029 <sup>(h)(i)</sup>  | 1430 | 1430 |
| CSC Holdings, LLC, Term Loan B, (USD Prime Rate + 1.50%) 8.75% 4/15/2027 <sup>(h)(i)</sup>  | 327 | 287 |
| Diamond Sports Net, LLC, Term Loan, 15.00% PIK 1/2/2028 <sup>(b)(h)</sup>  | 44 | 17 |
| DIRECTV Financing, LLC, Term Loan, (3-month USD CME Term SOFR + 5.262%) 9.102% 8/2/2027 <sup>(h)(i)</sup>  | 73 | 74 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.114%) 6.987% 12/1/2028 <sup>(h)(i)</sup>  | 2 | 2 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.123% 6/4/2029 <sup>(h)(i)</sup>  | 23 | 23 |
| Ligado Networks, LLC, Term Loan, 17.50% PIK 5/5/2028 <sup>(b)(e)(h)</sup>  | 960 | 960 |
| Peroton Corp., Term Loan B, (3-month USD CME Term SOFR + 7.85%) 11.672% 2/1/2029 <sup>(h)(i)</sup>  | 455 | 361 |
| Versant Media Group, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.50%) 7.537% 10/23/2030 <sup>(h)(i)</sup>  | 1470 | 1473 |
| X Corp., Term Loan B3, 9.50% 10/26/2029 <sup>(h)</sup>  | 370 | 369 |
| X Corp., Term Loan B, (USD-SOFR + 6.75%) 10.448% 10/26/2029 <sup>(h)(i)</sup>  | 1456 | 1433 |
|  |  | 6429 |
| **Industrials 0.56%** |  |  |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.614%) 10.331% 6/4/2029 <sup>(h)(i)</sup>  | 310 | 315 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.69% 2/1/2028 <sup>(h)(i)</sup>  | 5671 | 5275 |
| QXO Building Products, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.00%) 5.716% 4/30/2032 <sup>(h)(i)</sup>  | 185 | 186 |
|  |  | 5776 |

---

---

| | |
|:---|:---|
| **241** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Loans (continued)** | **Loans (continued)** | **Loans (continued)** |
| **Consumer discretionary 0.44%** |  |  |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.35% <br> 3/11/2030 <sup>(e)(h)(i)</sup>  | USD556 | $556 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 7.614%) 6.00% PIK and <br>5.573% Cash 3/11/2030 <sup>(b)(e)(h)(i)</sup>  | 525 | 525 |
| Belron Finance 2019, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.25%) 6.12% 10/16/2031 <sup>(h)(i)</sup>  | 588 | 592 |
| First Student Bidco, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.172% 8/15/2030 <sup>(h)(i)</sup>  | 334 | 335 |
| First Student Bidco, Inc., Term Loan C, (3-month USD CME Term SOFR + 2.50%) 6.172% 8/15/2030 <sup>(h)(i)</sup>  | 102 | 103 |
| Hertz Corp. (The), Term Loan B-EXIT, (3-month USD CME Term SOFR + 3.614%) 7.331% 6/30/2028 <sup>(h)(i)</sup>  | 71 | 60 |
| Hertz Corp. (The), Term Loan C-EXIT, (3-month USD CME Term SOFR + 3.614%) 7.331% 6/30/2028 <sup>(h)(i)</sup>  | 15 | 13 |
| Mercury Aggregator, LP, Term Loan, 19.00% PIK 2/3/2026 <sup>(b)(e)(h)</sup>  | 183 | 3 |
| Mercury Aggregator, LP, Term Loan 2, 19.00% PIK 2/3/2026 <sup>(b)(c)(e)(h)</sup>  | 98 | 2 |
| Scientific Games Holdings, LP, Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.934% 4/4/2029 <sup>(h)(i)</sup>  | 1615 | 1589 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.422% 7/1/2032 <sup>(h)(i)</sup>  | 748 | 749 |
|  |  | 4527 |
| **Consumer staples 0.32%** |  |  |
| B&G Foods, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.50%) 7.216% 10/10/2029 <sup>(h)(i)</sup>  | 191 | 186 |
| Fiesta Purchaser, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.75%) 6.466% 2/12/2031 <sup>(h)(i)</sup>  | 158 | 158 |
| United Natural Foods, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.466% 5/1/2031 <sup>(h)(i)</sup>  | 2918 | 2940 |
|  |  | 3284 |
| **Health care 0.30%** |  |  |
| Bausch + Lomb Corp., Term Loan B, (1-month USD CME Term SOFR + 4.25%) 7.966% 1/15/2031 <sup>(h)(i)</sup>  | 425 | 428 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.466% 4/23/2031 <sup>(h)(i)</sup>  | 1748 | 1737 |
| Medline Borrower, LP, Term Loan B, (1-month USD CME Term SOFR +1.75%) 5.466% 10/23/2028 <sup>(h)(i)</sup>  | 55 | 55 |
| Owens & Minor, Inc., Term Loan B-1, (3-month USD CME Term SOFR + 3.85%) 7.566% 3/29/2029 <sup>(h)(i)</sup>  | 674 | 652 |
| Team Health Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.34% 6/30/2028 <sup>(h)(i)</sup>  | 259 | 260 |
|  |  | 3132 |
| **Materials 0.06%** |  |  |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 2.00%) 7.00% PIK 7/16/2026 <sup>(b)(c)(e)(h)(i)</sup>  | 563 | 178 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 7.00% PIK 7/16/2026 <sup>(b)(c)(e)(h)(i)</sup>  | 566 | 179 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 7.00% PIK 10/12/2028 <sup>(b)(c)(e)(h)(i)</sup>  | 931 | 295 |
|  |  | 652 |
| **Utilities 0.05%** |  |  |
| MI Windows and Doors, LLC, Term Loan B3, (3-month USD CME Term SOFR + 2.75%) 6.466% <br> 3/28/2031 <sup>(h)(i)</sup>  | 276 | 277 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.353% 5/17/2030 <sup>(h)(i)</sup>  | 278 | 279 |
|  |  | 556 |
| **Real estate 0.02%** |  |  |
| MPT Operating Partnership, LP, Term Loan A, (1-month USD CME Term SOFR + 2.35%) 6.387% <br> 6/30/2027 <sup>(h)(i)</sup>  | 190 | 173 |
| **Energy 0.01%** |  |  |
| New Fortress Energy, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.50%) 0% 10/30/2028 <sup>(h)(i)</sup>  | 266 | 113 |
| **Total loans** |  | 40688 |
| **Mortgage-backed obligations 0.06%** | **Mortgage-backed obligations 0.06%** | **Mortgage-backed obligations 0.06%** |
| **Collateralized mortgage-backed obligations 0.06%** |  |  |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(a)(e)</sup>  | 580 | 580 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **242** |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Municipals 0.04%** | **Municipals 0.04%** | **Municipals 0.04%** |
| **Puerto Rico 0.04%** |  |  |
| GO Taxable Bonds, Series 2022, 0% 11/1/2043 <sup>(i)</sup>  | USD305 | $196 |
| GO Taxable Bonds, CAB, Series 2022, 0% 11/1/2051  | 334 | 219 |
| **Total municipals** |  | 415 |
| **Total bonds, notes & other debt instruments** (cost: $922,218,000) |  | 920093 |
| Convertible bonds & notes 0.12% |  |  |
| **Communication services 0.12%** |  |  |
| EchoStar Corp., convertible notes, 3.875% Cash 11/30/2030 <sup>(b)</sup>  | 379 | 1265 |
| **Total convertible bonds & notes** (cost: $403,000) |  | 1265 |
| Common stocks 6.33% | Shares |  |
| **Information technology 1.84%** |  |  |
| Diebold Nixdorf, Inc. <sup>(j)</sup>  | 281243 | 19094 |
| **Health care 1.62%** |  |  |
| Rotech Healthcare, Inc. <sup>(e)(g)(j)</sup>  | 201793 | 13823 |
| Mallinckrodt PLC <sup>(j)</sup>  | 28965 | 2591 |
| Par Health, Inc. <sup>(a)(j)</sup>  | 28965 | 271 |
| Endo, LP, Class A1 <sup>(a)(j)</sup>  | 192719 | 135 |
|  |  | 16820 |
| **Utilities 1.40%** |  |  |
| Talen Energy Corp. <sup>(j)</sup>  | 37868 | 14194 |
| PG&E Corp.  | 18786 | 302 |
|  |  | 14496 |
| **Energy 1.11%** |  |  |
| Constellation Oil Services Holding SA (NDR) <sup>(j)</sup>  | 623209 | 7359 |
| Ascent CNR Corp., Class A <sup>(e)(g)</sup>  | 62978 | 2787 |
| Weatherford International  | 9659 | 756 |
| Altera Infrastructure, LP <sup>(e)</sup>  | 9127 | 371 |
| Mesquite Energy, Inc. <sup>(e)(j)</sup>  | 3558 | 227 |
|  |  | 11500 |
| **Consumer discretionary 0.33%** |  |  |
| Aimbridge Topco, LLC <sup>(e)(j)</sup>  | 46955 | 3472 |
| NMG Parent, LLC <sup>(e)(j)</sup>  | 8350 | — <br><sup>(f)</sup><br>|
|  |  | 3472 |
| **Financials 0.02%** |  |  |
| Navient Corp.  | 20000 | 260 |
| **Communication services 0.01%** |  |  |
| iHeartMedia, Inc., Class A <sup>(j)</sup>  | 22639 | 94 |

---

---

| | |
|:---|:---|
| **243** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials 0.00%** |  |  |
| Venator Materials PLC <sup>(e)(j)</sup>  | 3232 | $— <br><sup>(f)</sup><br>|
| **Total common stocks** (cost: $38,533,000) |  | 65736 |
| Preferred securities 0.16% |  |  |
| **Industrials 0.16%** |  |  |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(a)(e)(j)</sup>  | 1022 | 1713 |
| **Total preferred securities** (cost: $1,057,000) |  | 1713 |
| Rights & warrants 0.02% |  |  |
| **Communication services 0.01%** |  |  |
| SES SA (CVR) <sup>(j)</sup>  | 8182 | 127 |
| **Energy 0.01%** |  |  |
| Expand Energy Corp., Class C, warrants, expire 2/9/2026 <sup>(j)</sup>  | 457 | 45 |
| **Total rights & warrants** (cost: $392,000) | **Total rights & warrants** (cost: $392,000) | 172 |
| Short-term securities 3.38% |  |  |
| **Money market investments 3.38%** | **Money market investments 3.38%** | **Money market investments 3.38%** |
| Capital Group Central Cash Fund 3.79% <sup>(k)(l)</sup>  | 350884 | 35092 |
| **Total short-term securities** (cost: $35,085,000) | **Total short-term securities** (cost: $35,085,000) | 35092 |
| **Total investment securities 98.60%** (cost: $997,688,000) |  | 1024071 |
| Other assets less liabilities 1.40% |  | 14538 |
| **Net assets 100.00%** |  | $1038609 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 69 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD14,406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(3)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 88 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 6 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (690)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| 10 Year U.S. Treasury Note Futures | Short | 11 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1237)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 1 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(14)<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **244** |

---

------

American High-Income Trust<sup>®</sup> (continued)

**Swap contracts**

------

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD26,020 | &nbsp;&nbsp;&nbsp;&nbsp; $(1988)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1825)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(163)<br>|

---

**Investments in affiliates** <sup>(l)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 3.38%** |  |  |  |  |  |  |  |
| **Money market investments 3.38%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.79% <sup>(k)</sup>  | $45641 | &nbsp;&nbsp; $250972 | &nbsp;&nbsp; $261524 | &nbsp;&nbsp; $— <br><sup>(f)</sup><br>| &nbsp;&nbsp; $3 | &nbsp;&nbsp; $35092 | &nbsp;&nbsp; $1878 |

---

**Restricted securities** <sup>(g)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Rotech Healthcare, Inc. <sup>(e)(j)</sup> <br>| 9/26/2013 | $4331 | $13823 | 1.33<br> %<br>|
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(b)</sup> <br>| 9/29/2025 | 2566 | 2811 | 0.27 |
| Ascent CNR Corp., Class A <sup>(e)</sup> <br>| 11/15/2016 | 302 | 2787 | 0.27 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) <br> 10.973% 9/13/2029 <sup>(h)(i)</sup> <br>| 9/13/2023 | 986 | 1007 | 0.10 |
| **Total** |  | $8185 | $20428 | 1.97<br> %<br>|

---

<sup>(a)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $655,031,000, which represented 63.07% of the net assets of the fund. 

<sup>(b)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(c)</sup> Scheduled interest and/or principal payment was not received.

<sup>(d)</sup> Step bond; coupon rate may change at a later date.

<sup>(e)</sup> Value determined using significant unobservable inputs.

<sup>(f)</sup> Amount less than one thousand.

<sup>(g)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(h)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $40,686,000, which represented 3.92% of the net assets of the fund. 

<sup>(i)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(j)</sup> Non-income producing.

<sup>(k)</sup> Rate represents the seven-day yield at 12/31/2025.

<sup>(l)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| | |
|:---|:---|
| **245** | American Funds Insurance Series |

---

------

American High-Income Trust<sup>®</sup> (continued)

---

| |
|:---|
| **Key to abbreviation(s)** |
| CAB = Capital Appreciation Bonds |
| CME = CME Group |
| CVR = Contingent Value Rights |
| DAC = Designated Activity Company |
| EUR = Euros |
| GBP = British pounds |
| GO = General Obligation |
| NDR = Norwegian Depositary Receipts |
| PIK = Payment In Kind |
| REIT = Real Estate Investment Trust |
| SOFR = Secured Overnight Financing Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **246** |

---

------

American Funds Mortgage Fund<sup>®</sup>

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 86.53% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations 79.28%** | **Mortgage-backed obligations 79.28%** | **Mortgage-backed obligations 79.28%** |
| **Federal agency mortgage-backed obligations 78.28%** |  |  |
| Fannie Mae Pool #695412 5.00% 6/1/2033 <sup>(a)</sup>  | USD— <br><sup>(b)</sup><br>| $— <br><sup>(b)</sup><br>|
| Fannie Mae Pool #AD3566 5.00% 10/1/2035 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #256583 5.00% 12/1/2036 <sup>(a)</sup>  | 27 | 27 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(a)</sup>  | 90 | 86 |
| Fannie Mae Pool #931768 5.00% 8/1/2039 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AC0794 5.00% 10/1/2039 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #932606 5.00% 2/1/2040 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA4232 2.00% 1/1/2041 <sup>(a)</sup>  | 120 | 105 |
| Fannie Mae Pool #BQ7816 1.50% 4/1/2041 <sup>(a)</sup>  | 211 | 180 |
| Fannie Mae Pool #BR0986 1.50% 5/1/2041 <sup>(a)</sup>  | 270 | 228 |
| Fannie Mae Pool #AE1248 5.00% 6/1/2041 <sup>(a)</sup>  | 7 | 7 |
| Fannie Mae Pool #MA4387 2.00% 7/1/2041 <sup>(a)</sup>  | 15 | 13 |
| Fannie Mae Pool #MA4388 2.50% 7/1/2041 <sup>(a)</sup>  | 66 | 59 |
| Fannie Mae Pool #MA4447 2.50% 10/1/2041 <sup>(a)</sup>  | 142 | 127 |
| Fannie Mae Pool #FM9117 2.50% 10/1/2041 <sup>(a)</sup>  | 80 | 72 |
| Fannie Mae Pool #AJ1873 4.00% 10/1/2041 <sup>(a)</sup>  | 5 | 5 |
| Fannie Mae Pool #AE1274 5.00% 10/1/2041 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #AE1277 5.00% 11/1/2041 <sup>(a)</sup>  | 3 | 3 |
| Fannie Mae Pool #MA4502 2.50% 12/1/2041 <sup>(a)</sup>  | 160 | 144 |
| Fannie Mae Pool #AE1283 5.00% 12/1/2041 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #MA4521 2.50% 1/1/2042 <sup>(a)</sup>  | 202 | 182 |
| Fannie Mae Pool #AE1290 5.00% 2/1/2042 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #AT0300 3.50% 3/1/2043 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AT3954 3.50% 4/1/2043 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AY1829 3.50% 12/1/2044 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA5696 7.00% 3/1/2045 <sup>(a)</sup>  | 25 | 26 |
| Fannie Mae Pool #FS3767 2.00% 4/1/2047 <sup>(a)</sup>  | 24 | 20 |
| Fannie Mae Pool #BH3122 4.00% 6/1/2047 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #BJ5015 4.00% 12/1/2047 <sup>(a)</sup>  | 25 | 24 |
| Fannie Mae Pool #BK5232 4.00% 5/1/2048 <sup>(a)</sup>  | 13 | 12 |
| Fannie Mae Pool #BK6840 4.00% 6/1/2048 <sup>(a)</sup>  | 19 | 18 |
| Fannie Mae Pool #BK9743 4.00% 8/1/2048 <sup>(a)</sup>  | 6 | 6 |
| Fannie Mae Pool #BK9761 4.50% 8/1/2048 <sup>(a)</sup>  | 3 | 3 |
| Fannie Mae Pool #CA5659 2.50% 5/1/2050 <sup>(a)</sup>  | 402 | 341 |
| Fannie Mae Pool #CA6409 2.50% 7/1/2050 <sup>(a)</sup>  | 88 | 75 |
| Fannie Mae Pool #FS3745 2.00% 8/1/2050 <sup>(a)</sup>  | 16 | 13 |
| Fannie Mae Pool #CA6987 2.00% 9/1/2050 <sup>(a)</sup>  | 685 | 556 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(a)</sup>  | 4 | 3 |
| Fannie Mae Pool #BN7466 2.00% 10/1/2050 <sup>(a)</sup>  | 93 | 76 |
| Fannie Mae Pool #BQ3005 2.50% 10/1/2050 <sup>(a)</sup>  | 61 | 52 |
| Fannie Mae Pool #BQ6356 2.00% 11/1/2050 <sup>(a)</sup>  | 34 | 27 |
| Fannie Mae Pool #BQ5687 2.50% 11/1/2050 <sup>(a)</sup>  | 458 | 389 |
| Fannie Mae Pool #CA8108 2.00% 12/1/2050 <sup>(a)</sup>  | 122 | 101 |
| Fannie Mae Pool #MA4208 2.00% 12/1/2050 <sup>(a)</sup>  | 10 | 9 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(a)</sup>  | 21 | 21 |
| Fannie Mae Pool #FM6113 2.50% 1/1/2051 <sup>(a)</sup>  | 1322 | 1130 |
| Fannie Mae Pool #FM5940 2.00% 2/1/2051 <sup>(a)</sup>  | 1432 | 1176 |
| Fannie Mae Pool #CA8820 2.00% 2/1/2051 <sup>(a)</sup>  | 332 | 273 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(a)</sup>  | 161 | 130 |
| Fannie Mae Pool #MA4305 2.00% 4/1/2051 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #CB0041 3.00% 4/1/2051 <sup>(a)</sup>  | 165 | 150 |
| Fannie Mae Pool #CB0517 2.50% 5/1/2051 <sup>(a)</sup>  | 260 | 221 |
| Fannie Mae Pool #FM7900 2.50% 7/1/2051 <sup>(a)</sup>  | 21 | 18 |
| Fannie Mae Pool #FM8038 3.00% 7/1/2051 <sup>(a)</sup>  | 30 | 27 |
| Fannie Mae Pool #BT9828 2.50% 9/1/2051 <sup>(a)</sup>  | 389 | 330 |
| Fannie Mae Pool #CB1527 2.50% 9/1/2051 <sup>(a)</sup>  | 353 | 302 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(a)</sup>  | 22 | 19 |
| Fannie Mae Pool #FS0965 2.00% 11/1/2051 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #FM9492 2.50% 11/1/2051 <sup>(a)</sup>  | 367 | 318 |
| Fannie Mae Pool #FM9694 2.50% 11/1/2051 <sup>(a)</sup>  | 173 | 150 |

---

---

| | |
|:---|:---|
| **247** | American Funds Insurance Series |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(a)</sup>  | USD31 | $27 |
| Fannie Mae Pool #FM9804 2.50% 12/1/2051 <sup>(a)</sup>  | 190 | 165 |
| Fannie Mae Pool #FM9976 3.00% 12/1/2051 <sup>(a)</sup>  | 75 | 68 |
| Fannie Mae Pool #CB2544 3.00% 1/1/2052 <sup>(a)</sup>  | 222 | 199 |
| Fannie Mae Pool #CB3888 2.50% 2/1/2052 <sup>(a)</sup>  | 566 | 480 |
| Fannie Mae Pool #CB3031 2.50% 3/1/2052 <sup>(a)</sup>  | 365 | 311 |
| Fannie Mae Pool #BV1262 2.50% 3/1/2052 <sup>(a)</sup>  | 140 | 119 |
| Fannie Mae Pool #BV9613 3.00% 4/1/2052 <sup>(a)</sup>  | 39 | 35 |
| Fannie Mae Pool #CB3523 3.00% 5/1/2052 <sup>(a)</sup>  | 887 | 787 |
| Fannie Mae Pool #BU8818 3.50% 5/1/2052 <sup>(a)</sup>  | 10 | 9 |
| Fannie Mae Pool #FS6605 2.00% 6/1/2052 <sup>(a)</sup>  | 676 | 547 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(a)</sup>  | 1633 | 1385 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(a)</sup>  | 910 | 770 |
| Fannie Mae Pool #FS5851 4.00% 7/1/2052 <sup>(a)</sup>  | 448 | 427 |
| Fannie Mae Pool #CB4360 3.00% 8/1/2052 <sup>(a)</sup>  | 30 | 27 |
| Fannie Mae Pool #FS6362 3.50% 8/1/2052 <sup>(a)</sup>  | 158 | 146 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(a)</sup>  | 934 | 941 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(a)</sup>  | 666 | 541 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(a)</sup>  | 92 | 92 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(a)</sup>  | 34 | 35 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(a)</sup>  | 31 | 32 |
| Fannie Mae Pool #MA4840 4.50% 12/1/2052 <sup>(a)</sup>  | 410 | 402 |
| Fannie Mae Pool #BX5673 5.00% 12/1/2052 <sup>(a)</sup>  | 96 | 96 |
| Fannie Mae Pool #BY1411 4.00% 2/1/2053 <sup>(a)</sup>  | 1100 | 1048 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(a)</sup>  | 59 | 60 |
| Fannie Mae Pool #FS3759 6.00% 2/1/2053 <sup>(a)</sup>  | 88 | 92 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(a)</sup>  | 71 | 74 |
| Fannie Mae Pool #MA4978 5.00% 4/1/2053 <sup>(a)</sup>  | 595 | 596 |
| Fannie Mae Pool #CB6131 6.50% 4/1/2053 <sup>(a)</sup>  | 195 | 206 |
| Fannie Mae Pool #CB6106 6.50% 4/1/2053 <sup>(a)</sup>  | 54 | 57 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(a)</sup>  | 47 | 47 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(a)</sup>  | 45 | 46 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(a)</sup>  | 227 | 234 |
| Fannie Mae Pool #MA5062 3.00% 6/1/2053 <sup>(a)</sup>  | 420 | 372 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(a)</sup>  | 681 | 692 |
| Fannie Mae Pool #MA5040 6.00% 6/1/2053 <sup>(a)</sup>  | 305 | 315 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(a)</sup>  | 185 | 188 |
| Fannie Mae Pool #FS5343 6.00% 7/1/2053 <sup>(a)</sup>  | 365 | 376 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(a)</sup>  | 768 | 782 |
| Fannie Mae Pool #CB7242 6.50% 10/1/2053 <sup>(a)</sup>  | 37 | 38 |
| Fannie Mae Pool #MA5167 6.50% 10/1/2053 <sup>(a)</sup>  | 10 | 11 |
| Fannie Mae Pool #CB7510 6.50% 11/1/2053 <sup>(a)</sup>  | 262 | 274 |
| Fannie Mae Pool #MA5215 5.50% 12/1/2053 <sup>(a)</sup>  | 73 | 74 |
| Fannie Mae Pool #CB8089 7.00% 12/1/2053 <sup>(a)</sup>  | 354 | 373 |
| Fannie Mae Pool #MA5247 6.00% 1/1/2054 <sup>(a)</sup>  | 22 | 23 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(a)</sup>  | 377 | 393 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(a)</sup>  | 185 | 194 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(a)</sup>  | 1330 | 1351 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(a)</sup>  | 138 | 141 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(a)</sup>  | 127 | 129 |
| Fannie Mae Pool #FS7653 6.50% 3/1/2054 <sup>(a)</sup>  | 33 | 34 |
| Fannie Mae Pool #DB1235 6.00% 4/1/2054 <sup>(a)</sup>  | 122 | 127 |
| Fannie Mae Pool #CB8387 6.50% 4/1/2054 <sup>(a)</sup>  | 15 | 16 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(a)</sup>  | 228 | 234 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(a)</sup>  | 219 | 227 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(a)</sup>  | 42 | 44 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(a)</sup>  | 35 | 36 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(a)</sup>  | 20 | 20 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(a)</sup>  | 251 | 262 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(a)</sup>  | 150 | 156 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **248** |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(a)</sup>  | USD491 | $507 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(a)</sup>  | 141 | 145 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(a)</sup>  | 121 | 125 |
| Fannie Mae Pool #BU4707 6.00% 7/1/2054 <sup>(a)</sup>  | 94 | 97 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(a)</sup>  | 55 | 57 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(a)</sup>  | 36 | 38 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(a)</sup>  | 18 | 18 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(a)</sup>  | 6 | 7 |
| Fannie Mae Pool #FS8619 6.50% 7/1/2054 <sup>(a)</sup>  | 616 | 647 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(a)</sup>  | 383 | 401 |
| Fannie Mae Pool #FS8607 6.50% 7/1/2054 <sup>(a)</sup>  | 118 | 123 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(a)</sup>  | 106 | 111 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(a)</sup>  | 66 | 70 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(a)</sup>  | 189 | 195 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(a)</sup>  | 160 | 165 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(a)</sup>  | 129 | 132 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(a)</sup>  | 58 | 60 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(a)</sup>  | 51 | 53 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(a)</sup>  | 27 | 27 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(a)</sup>  | 25 | 26 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(a)</sup>  | 23 | 24 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(a)</sup>  | 17 | 18 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(a)</sup>  | 16 | 17 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(a)</sup>  | 9 | 9 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(a)</sup>  | 141 | 148 |
| Fannie Mae Pool #FS8934 6.50% 8/1/2054 <sup>(a)</sup>  | 105 | 110 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(a)</sup>  | 41 | 43 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(a)</sup>  | 480 | 491 |
| Fannie Mae Pool #FS9009 5.50% 9/1/2054 <sup>(a)</sup>  | 257 | 263 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(a)</sup>  | 193 | 196 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(a)</sup>  | 422 | 437 |
| Fannie Mae Pool #DC1547 6.00% 9/1/2054 <sup>(a)</sup>  | 165 | 169 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(a)</sup>  | 126 | 131 |
| Fannie Mae Pool #MA5497 5.50% 10/1/2054 <sup>(a)</sup>  | 100 | 101 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(a)</sup>  | 370 | 381 |
| Fannie Mae Pool #BU5166 6.00% 10/1/2054 <sup>(a)</sup>  | 24 | 25 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(a)</sup>  | 54 | 54 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(a)</sup>  | 47 | 48 |
| Fannie Mae Pool #CB9432 6.00% 11/1/2054 <sup>(a)</sup>  | 40 | 41 |
| Fannie Mae Pool #DC7042 4.50% 12/1/2054 <sup>(a)</sup>  | 185 | 181 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(a)</sup>  | 567 | 582 |
| Fannie Mae Pool #FP0130 6.50% 12/1/2054 <sup>(a)</sup>  | 177 | 184 |
| Fannie Mae Pool #MA5583 4.00% 1/1/2055 <sup>(a)</sup>  | 219 | 208 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(a)</sup>  | 230 | 236 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(a)</sup>  | 531 | 539 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(a)</sup>  | 95 | 98 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(a)</sup>  | 587 | 610 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(a)</sup>  | 313 | 325 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(a)</sup>  | 429 | 451 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(a)</sup>  | 105 | 108 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(a)</sup>  | 288 | 287 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(a)</sup>  | 756 | 777 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(a)</sup>  | 148 | 147 |
| Fannie Mae Pool #DD9889 6.00% 7/1/2055 <sup>(a)</sup>  | 316 | 325 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(a)</sup>  | 15 | 15 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(a)</sup>  | 746 | 776 |

---

---

| | |
|:---|:---|
| **249** | American Funds Insurance Series |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(a)</sup>  | USD500 | $520 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(a)</sup>  | 330 | 335 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(a)</sup>  | 124 | 127 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(a)</sup>  | 11 | 11 |
| Fannie Mae Pool #MA5846 7.00% 8/1/2055 <sup>(a)</sup>  | 30 | 31 |
| Fannie Mae Pool #MA5907 4.00% 12/1/2055 <sup>(a)</sup>  | 16 | 15 |
| Fannie Mae Pool #BF0379 3.50% 4/1/2059 <sup>(a)</sup>  | 108 | 99 |
| Fannie Mae Pool #BF0481 3.50% 6/1/2060 <sup>(a)</sup>  | 119 | 109 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(a)</sup>  | 41 | 36 |
| Fannie Mae Pool #BF0585 4.50% 12/1/2061 <sup>(a)</sup>  | 40 | 39 |
| Fannie Mae Pool #BF0765 3.50% 9/1/2063 <sup>(a)</sup>  | 684 | 623 |
| FARM Mortgage Trust, Series 2024-1, Class A, 4.684% 10/1/2053 <sup>(a)(c)(d)</sup>  | 175 | 170 |
| Freddie Mac Pool #ZA1922 5.00% 2/1/2026 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #ZS8950 5.00% 10/1/2029 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #A18781 5.00% 3/1/2034 <sup>(a)(e)</sup>  | 426 | 430 |
| Freddie Mac Pool #SB0649 2.50% 4/1/2037 <sup>(a)</sup>  | 135 | 128 |
| Freddie Mac Pool #SB1388 2.50% 1/1/2038 <sup>(a)</sup>  | 37 | 35 |
| Freddie Mac Pool #RB5113 1.50% 6/1/2041 <sup>(a)</sup>  | 1398 | 1183 |
| Freddie Mac Pool #RB5115 2.50% 6/1/2041 <sup>(a)</sup>  | 260 | 234 |
| Freddie Mac Pool #RB5145 2.00% 2/1/2042 <sup>(a)</sup>  | 73 | 64 |
| Freddie Mac Pool #Q15874 4.00% 2/1/2043 <sup>(a)</sup>  | 1 | 1 |
| Freddie Mac Pool #760014 4.632% 8/1/2045 <sup>(a)(d)</sup>  | 239 | 239 |
| Freddie Mac Pool #Q47615 3.50% 4/1/2047 <sup>(a)</sup>  | 15 | 14 |
| Freddie Mac Pool #Q52069 3.50% 11/1/2047 <sup>(a)</sup>  | 21 | 20 |
| Freddie Mac Pool #Q55971 4.00% 5/1/2048 <sup>(a)</sup>  | 11 | 11 |
| Freddie Mac Pool #Q56175 4.00% 5/1/2048 <sup>(a)</sup>  | 10 | 9 |
| Freddie Mac Pool #Q55970 4.00% 5/1/2048 <sup>(a)</sup>  | 6 | 6 |
| Freddie Mac Pool #Q56599 4.00% 6/1/2048 <sup>(a)</sup>  | 19 | 19 |
| Freddie Mac Pool #Q58411 4.50% 9/1/2048 <sup>(a)</sup>  | 39 | 39 |
| Freddie Mac Pool #Q58436 4.50% 9/1/2048 <sup>(a)</sup>  | 18 | 18 |
| Freddie Mac Pool #Q58378 4.50% 9/1/2048 <sup>(a)</sup>  | 12 | 12 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(a)</sup>  | 34 | 34 |
| Freddie Mac Pool #QA2748 3.50% 9/1/2049 <sup>(a)</sup>  | 13 | 13 |
| Freddie Mac Pool #SD7512 3.00% 2/1/2050 <sup>(a)</sup>  | 122 | 111 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(a)</sup>  | 4 | 3 |
| Freddie Mac Pool #RA3576 2.00% 9/1/2050 <sup>(a)</sup>  | 659 | 535 |
| Freddie Mac Pool #SI2062 2.00% 9/1/2050 <sup>(a)</sup>  | 162 | 133 |
| Freddie Mac Pool #RA3987 2.50% 11/1/2050 <sup>(a)</sup>  | 171 | 147 |
| Freddie Mac Pool #QB7053 2.00% 12/1/2050 <sup>(a)</sup>  | 90 | 73 |
| Freddie Mac Pool #RA4352 2.00% 1/1/2051 <sup>(a)</sup>  | 285 | 234 |
| Freddie Mac Pool #SD8128 2.00% 2/1/2051 <sup>(a)</sup>  | 2 | 1 |
| Freddie Mac Pool #SD8134 2.00% 3/1/2051 <sup>(a)</sup>  | 3 | 2 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(a)</sup>  | 269 | 221 |
| Freddie Mac Pool #QC7626 3.00% 9/1/2051 <sup>(a)</sup>  | 197 | 176 |
| Freddie Mac Pool #QC8778 2.50% 10/1/2051 <sup>(a)</sup>  | 978 | 828 |
| Freddie Mac Pool #RA6406 2.00% 11/1/2051 <sup>(a)</sup>  | 65 | 53 |
| Freddie Mac Pool #SD1385 2.50% 11/1/2051 <sup>(a)</sup>  | 53 | 46 |
| Freddie Mac Pool #QD3619 2.50% 12/1/2051 <sup>(a)</sup>  | 686 | 582 |
| Freddie Mac Pool #RA6598 3.50% 1/1/2052 <sup>(a)</sup>  | 117 | 109 |
| Freddie Mac Pool #RA6816 2.00% 2/1/2052 <sup>(a)</sup>  | 17 | 13 |
| Freddie Mac Pool #QD6327 3.00% 2/1/2052 <sup>(a)</sup>  | 465 | 412 |
| Freddie Mac Pool #SD0873 3.50% 2/1/2052 <sup>(a)</sup>  | 615 | 578 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(a)</sup>  | 6 | 6 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(a)</sup>  | 665 | 539 |
| Freddie Mac Pool #QD8711 2.00% 3/1/2052 <sup>(a)</sup>  | 66 | 53 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(a)</sup>  | 1308 | 1162 |
| Freddie Mac Pool #QE4001 3.00% 5/1/2052 <sup>(a)</sup>  | 42 | 37 |
| Freddie Mac Pool #QE4044 2.50% 6/1/2052 <sup>(a)</sup>  | 383 | 324 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(a)</sup>  | 641 | 569 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(a)</sup>  | 468 | 396 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **250** |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD4815 2.50% 7/1/2052 <sup>(a)</sup>  | USD156 | $133 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(a)</sup>  | 1207 | 1071 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(a)</sup>  | 120 | 97 |
| Freddie Mac Pool #SL0761 3.50% 9/1/2052 <sup>(a)</sup>  | 832 | 777 |
| Freddie Mac Pool #QF0213 4.50% 9/1/2052 <sup>(a)</sup>  | 173 | 170 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(a)</sup>  | 529 | 531 |
| Freddie Mac Pool #QF0924 5.50% 9/1/2052 <sup>(a)</sup>  | 200 | 203 |
| Freddie Mac Pool #SD8258 5.00% 10/1/2052 <sup>(a)</sup>  | 215 | 215 |
| Freddie Mac Pool #RA8059 5.50% 10/1/2052 <sup>(a)</sup>  | 92 | 94 |
| Freddie Mac Pool #SD1895 4.50% 11/1/2052 <sup>(a)</sup>  | 303 | 302 |
| Freddie Mac Pool #SD8280 6.50% 11/1/2052 <sup>(a)</sup>  | 641 | 669 |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(a)</sup>  | 29 | 25 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(a)</sup>  | 38 | 38 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(a)</sup>  | 106 | 106 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(a)</sup>  | 73 | 73 |
| Freddie Mac Pool #SD8316 5.50% 4/1/2053 <sup>(a)</sup>  | 80 | 81 |
| Freddie Mac Pool #SD8323 5.00% 5/1/2053 <sup>(a)</sup>  | 1024 | 1026 |
| Freddie Mac Pool #SD2861 6.00% 5/1/2053 <sup>(a)</sup>  | 46 | 47 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(a)</sup>  | 254 | 259 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(a)</sup>  | 53 | 55 |
| Freddie Mac Pool #RA9283 6.00% 6/1/2053 <sup>(a)</sup>  | 48 | 49 |
| Freddie Mac Pool #RA9281 6.00% 6/1/2053 <sup>(a)</sup>  | 31 | 32 |
| Freddie Mac Pool #RA9284 6.00% 6/1/2053 <sup>(a)</sup>  | 26 | 28 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(a)</sup>  | 2 | 2 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(a)</sup>  | 747 | 760 |
| Freddie Mac Pool #SD3386 5.50% 7/1/2053 <sup>(a)</sup>  | 46 | 47 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(a)</sup>  | 32 | 34 |
| Freddie Mac Pool #SD8350 6.00% 8/1/2053 <sup>(a)(e)</sup>  | 2221 | 2286 |
| Freddie Mac Pool #RA9857 6.00% 9/1/2053 <sup>(a)</sup>  | 868 | 894 |
| Freddie Mac Pool #RA9854 6.00% 9/1/2053 <sup>(a)</sup>  | 105 | 109 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(a)</sup>  | 366 | 377 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(a)</sup>  | 291 | 300 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(a)</sup>  | 65 | 68 |
| Freddie Mac Pool #SD8395 5.50% 1/1/2054 <sup>(a)</sup>  | 400 | 407 |
| Freddie Mac Pool #RJ0668 6.00% 1/1/2054 <sup>(a)</sup>  | 1463 | 1507 |
| Freddie Mac Pool #SD4795 6.00% 1/1/2054 <sup>(a)</sup>  | 1188 | 1225 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(a)</sup>  | 6 | 7 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(a)</sup>  | 43 | 45 |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(a)</sup>  | 9 | 10 |
| Freddie Mac Pool #QI0006 6.00% 2/1/2054 <sup>(a)</sup>  | 48 | 49 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(a)</sup>  | 58 | 60 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(a)</sup>  | 12 | 12 |
| Freddie Mac Pool #QI2895 6.00% 4/1/2054 <sup>(a)</sup>  | 100 | 104 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(a)</sup>  | 16 | 17 |
| Freddie Mac Pool #SD5221 6.50% 4/1/2054 <sup>(a)</sup>  | 46 | 48 |
| Freddie Mac Pool #RJ1448 5.50% 5/1/2054 <sup>(a)</sup>  | 61 | 62 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(a)</sup>  | 24 | 25 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(a)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD5404 6.50% 5/1/2054 <sup>(a)</sup>  | 377 | 394 |
| Freddie Mac Pool #RJ1447 6.50% 5/1/2054 <sup>(a)</sup>  | 53 | 56 |
| Freddie Mac Pool #SD5706 6.50% 6/1/2054 <sup>(a)</sup>  | 602 | 631 |
| Freddie Mac Pool #RJ1726 6.50% 6/1/2054 <sup>(a)</sup>  | 188 | 197 |
| Freddie Mac Pool #SD5701 6.50% 6/1/2054 <sup>(a)</sup>  | 47 | 49 |
| Freddie Mac Pool #RJ1725 6.50% 6/1/2054 <sup>(a)</sup>  | 14 | 15 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(a)</sup>  | 206 | 212 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(a)</sup>  | 187 | 193 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(a)</sup>  | 168 | 175 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(a)</sup>  | 60 | 62 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(a)</sup>  | 56 | 57 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(a)</sup>  | 28 | 29 |

---

---

| | |
|:---|:---|
| **251** | American Funds Insurance Series |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(a)</sup>  | USD376 | $391 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(a)</sup>  | 157 | 164 |
| Freddie Mac Pool #SD5905 6.50% 7/1/2054 <sup>(a)</sup>  | 62 | 65 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(a)</sup>  | 267 | 273 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(a)</sup>  | 225 | 232 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(a)</sup>  | 143 | 147 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(a)</sup>  | 126 | 130 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(a)</sup>  | 34 | 35 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(a)</sup>  | 1 | 1 |
| Freddie Mac Pool #SD6323 6.50% 8/1/2054 <sup>(a)</sup>  | 1307 | 1363 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(a)</sup>  | 331 | 344 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(a)</sup>  | 217 | 227 |
| Freddie Mac Pool #SD6034 6.50% 8/1/2054 <sup>(a)</sup>  | 95 | 99 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(a)</sup>  | 87 | 91 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(a)</sup>  | 47 | 49 |
| Freddie Mac Pool #SD6047 6.50% 8/1/2054 <sup>(a)</sup>  | 37 | 39 |
| Freddie Mac Pool #SD6035 6.50% 8/1/2054 <sup>(a)</sup>  | 23 | 24 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(a)</sup>  | 193 | 195 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(a)</sup>  | 115 | 119 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(a)</sup>  | 59 | 61 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(a)</sup>  | 58 | 60 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(a)</sup>  | 54 | 56 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(a)</sup>  | 32 | 33 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(a)</sup>  | 14 | 14 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(a)</sup>  | 149 | 155 |
| Freddie Mac Pool #SL2445 6.50% 9/1/2054 <sup>(a)</sup>  | 79 | 83 |
| Freddie Mac Pool #RJ2320 6.50% 9/1/2054 <sup>(a)</sup>  | 35 | 36 |
| Freddie Mac Pool #RJ2325 6.50% 9/1/2054 <sup>(a)</sup>  | 15 | 16 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(a)</sup>  | 9 | 9 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(a)</sup>  | 435 | 442 |
| Freddie Mac Pool #RJ3163 5.00% 12/1/2054 <sup>(a)</sup>  | 480 | 482 |
| Freddie Mac Pool #QX1414 5.50% 12/1/2054 <sup>(a)</sup>  | 357 | 362 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(a)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(a)</sup>  | 1077 | 1106 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(a)</sup>  | 23 | 24 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(a)</sup>  | 76 | 80 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(a)</sup>  | 271 | 264 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(a)</sup>  | 737 | 757 |
| Freddie Mac Pool #SL0797 6.00% 2/1/2055 <sup>(a)</sup>  | 60 | 62 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(a)</sup>  | 55 | 56 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(a)</sup>  | 382 | 397 |
| Freddie Mac Pool #SL0673 6.50% 3/1/2055 <sup>(a)</sup>  | 280 | 294 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(a)</sup>  | 126 | 126 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(a)</sup>  | 88 | 90 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(a)</sup>  | 13 | 14 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(a)</sup>  | 265 | 265 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(a)</sup>  | 197 | 202 |
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(a)</sup>  | 13 | 13 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(a)</sup>  | 13 | 13 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(a)</sup>  | 88 | 88 |
| Freddie Mac Pool #QY6303 6.00% 6/1/2055 <sup>(a)</sup>  | 2051 | 2108 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(a)</sup>  | 1040 | 1081 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(a)</sup>  | 432 | 438 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(a)</sup>  | 2292 | 2354 |
| Freddie Mac Pool #QY7483 6.00% 7/1/2055 <sup>(a)</sup>  | 1386 | 1425 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(a)</sup>  | 65 | 67 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(a)</sup>  | 499 | 518 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(a)</sup>  | 1712 | 1758 |
| Freddie Mac Pool #SL2781 6.50% 9/1/2055 <sup>(a)</sup>  | 176 | 184 |
| Freddie Mac Pool #SL2647 6.50% 9/1/2055 <sup>(a)</sup>  | 111 | 116 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **252** |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RQ0057 6.00% 10/1/2055 <sup>(a)</sup>  | USD565 | $580 |
| Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/2030 <sup>(a)</sup>  | 300 | 304 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(a)</sup>  | 75 | 72 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056 <sup>(a)</sup>  | 77 | 69 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(a)</sup>  | 144 | 137 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(a)(d)</sup>  | 100 | 96 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057 <sup>(a)</sup>  | 20 | 17 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(a)(d)</sup>  | 76 | 74 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/25/2058 <sup>(a)</sup>  | 25 | 22 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 <sup>(a)</sup>  | 15 | 13 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2024-2, Class MT, 3.50% 5/25/2064 <sup>(a)</sup>  | 615 | 540 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 <sup>(a)</sup>  | 176 | 173 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(a)</sup>  | 10 | 10 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 20-2, Class AC, 2.00% 9/25/2030 <sup>(a)</sup>  | 290 | 267 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 20-3, Class AC, 2.00% 11/25/2030 <sup>(a)</sup>  | 278 | 255 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 21-1, Class AC, 2.25% 5/26/2031 <sup>(a)</sup>  | 280 | 258 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 21-2, Class AD, 2.00% 7/25/2031 <sup>(a)</sup>  | 240 | 216 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/2032 <sup>(a)</sup>  | 238 | 232 |
| Government National Mortgage Assn. 5.00% 1/1/2056 <sup>(a)(f)</sup>  | 80 | 80 |
| Government National Mortgage Assn. Pool #AH5894 3.75% 5/20/2034 <sup>(a)</sup>  | 532 | 522 |
| Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039 <sup>(a)</sup>  | 60 | 64 |
| Government National Mortgage Assn. Pool #005104 5.00% 6/20/2041 <sup>(a)</sup>  | 151 | 153 |
| Government National Mortgage Assn. Pool #005142 4.50% 8/20/2041 <sup>(a)</sup>  | 10 | 10 |
| Government National Mortgage Assn. Pool #005165 6.50% 8/20/2041 <sup>(a)</sup>  | 76 | 77 |
| Government National Mortgage Assn. Pool #AA5326 3.50% 5/20/2042 <sup>(a)</sup>  | 75 | 67 |
| Government National Mortgage Assn. Pool #MA0366 3.50% 6/20/2042 <sup>(a)</sup>  | 176 | 162 |
| Government National Mortgage Assn. Pool #AD4360 3.50% 7/20/2043 <sup>(a)</sup>  | 38 | 35 |
| Government National Mortgage Assn. Pool #AH5884 4.25% 7/20/2044 <sup>(a)</sup>  | 439 | 423 |
| Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 <sup>(a)</sup>  | 80 | 66 |
| Government National Mortgage Assn. Pool #BZ3978 2.50% 11/20/2050 <sup>(a)</sup>  | 33 | 29 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(a)</sup>  | 71 | 59 |
| Government National Mortgage Assn. Pool #785575 2.50% 8/20/2051 <sup>(a)</sup>  | 302 | 258 |
| Government National Mortgage Assn. Pool #785659 2.50% 10/20/2051 <sup>(a)</sup>  | 72 | 62 |
| Government National Mortgage Assn. Pool #786706 2.50% 12/20/2051 <sup>(a)</sup>  | 472 | 402 |
| Government National Mortgage Assn. Pool #786502 2.50% 2/20/2052 <sup>(a)</sup>  | 295 | 254 |
| Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 <sup>(a)</sup>  | 64 | 55 |
| Government National Mortgage Assn. Pool #786647 2.50% 3/20/2052 <sup>(a)</sup>  | 154 | 133 |
| Government National Mortgage Assn. Pool #786701 2.50% 3/20/2052 <sup>(a)</sup>  | 126 | 109 |
| Government National Mortgage Assn. Pool #MA7936 2.50% 3/20/2052 <sup>(a)</sup>  | 40 | 34 |
| Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 <sup>(a)</sup>  | 47 | 42 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(a)</sup>  | 207 | 179 |
| Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 <sup>(a)</sup>  | 56 | 50 |
| Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 <sup>(a)</sup>  | 4 | 4 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(a)</sup>  | 145 | 138 |
| Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/2053 <sup>(a)</sup>  | 13 | 13 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(a)</sup>  | 77 | 73 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(a)</sup>  | 194 | 196 |
| Government National Mortgage Assn. Pool #MB0485 5.50% 7/20/2055 <sup>(a)</sup>  | 49 | 50 |
| Government National Mortgage Assn. Pool #MB0742 3.50% 11/20/2055 <sup>(a)</sup>  | 194 | 177 |
| Government National Mortgage Assn. Pool #MB0810 3.50% 12/20/2055 <sup>(a)</sup>  | 101 | 92 |
| Government National Mortgage Assn. Pool #AN1825 4.566% 6/20/2065 <sup>(a)</sup>  | 11 | 11 |
| Government National Mortgage Assn. Pool #AO0461 4.605% 8/20/2065 <sup>(a)</sup>  | 4 | 4 |
| Government National Mortgage Assn. Pool #AO0409 4.451% 12/20/2065 <sup>(a)</sup>  | 5 | 5 |
| Government National Mortgage Assn. Pool #AO0385 4.328% 1/20/2066 <sup>(a)</sup>  | 47 | 47 |
| Government National Mortgage Assn. Pool #725897 5.20% 1/20/2066 <sup>(a)</sup>  | 1 | 1 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(a)</sup>  | 201 | 150 |
| Uniform Mortgage-Backed Security 4.00% 1/1/2041 <sup>(a)(f)</sup>  | 125 | 123 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(a)(f)</sup>  | 674 | 545 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(a)(f)</sup>  | 25 | 23 |
| Uniform Mortgage-Backed Security 4.00% 1/1/2056 <sup>(a)(f)</sup>  | 97 | 92 |

---

---

| | |
|:---|:---|
| **253** | American Funds Insurance Series |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(a)(f)</sup>  | USD190 | $186 |
| Uniform Mortgage-Backed Security 5.50% 1/1/2056 <sup>(a)(f)</sup>  | 1542 | 1563 |
| Uniform Mortgage-Backed Security 6.00% 1/1/2056 <sup>(a)(f)</sup>  | 1769 | 1817 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(a)(f)</sup>  | 698 | 725 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(a)(f)</sup>  | 1616 | 1489 |
|  |  | 98296 |
| **Commercial mortgage-backed securities 0.61%** |  |  |
| BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) <br> 5.865% 6/15/2027 <sup>(a)(c)(d)</sup>  | 100 | 100 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.241% 4/15/2037 <sup>(a)(c)(d)</sup>  | 79 | 79 |
| BX Trust, Series 2025-GW, Class A, (1-month USD CME Term SOFR + 1.60%) 5.35% 7/15/2042 <sup>(a)(c)(d)</sup>  | 200 | 200 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(a)(c)(d)</sup>  | 379 | 391 |
|  |  | 770 |
| **Collateralized mortgage-backed obligations (privately originated) 0.39%** |  |  |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(a)(c)(d)</sup>  | 128 | 122 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(a)(c)(d)</sup>  | 51 | 47 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.191% 8/1/2054 <sup>(a)(c)(d)</sup>  | 81 | 82 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 <sup>(a)(c)(d)</sup>  | 145 | 148 |
| PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 <sup>(a)(c)(d)</sup>  | 86 | 88 |
|  |  | 487 |
| **Total mortgage-backed obligations** |  | 99553 |
| **U.S. Treasury bonds & notes 6.22%** | **U.S. Treasury bonds & notes 6.22%** | **U.S. Treasury bonds & notes 6.22%** |
| **U.S. Treasury 6.22%** |  |  |
| U.S. Treasury 4.375% 7/31/2026  | 535 | 538 |
| U.S. Treasury 3.50% 10/31/2027  | 1130 | 1130 |
| U.S. Treasury 4.25% 2/15/2028  | 460 | 467 |
| U.S. Treasury 3.875% 3/15/2028  | 550 | 554 |
| U.S. Treasury 4.125% 7/31/2028  | 450 | 457 |
| U.S. Treasury 3.50% 10/15/2028  | 800 | 799 |
| U.S. Treasury 4.50% 5/31/2029 <sup>(e)</sup>  | 1025 | 1055 |
| U.S. Treasury 4.00% 2/28/2030  | 330 | 334 |
| U.S. Treasury 4.00% 3/31/2030  | 100 | 101 |
| U.S. Treasury 4.00% 6/30/2032  | 300 | 302 |
| U.S. Treasury 4.25% 8/15/2035  | 230 | 232 |
| U.S. Treasury 1.875% 2/15/2041  | 240 | 168 |
| U.S. Treasury 3.25% 5/15/2042  | 106 | 89 |
| U.S. Treasury 4.75% 2/15/2045  | 190 | 189 |
| U.S. Treasury 1.875% 11/15/2051  | 65 | 36 |
| U.S. Treasury 4.625% 2/15/2055  | 345 | 333 |
| U.S. Treasury 4.75% 8/15/2055  | 640 | 631 |
| U.S. Treasury 4.625% 11/15/2055  | 410 | 396 |
| **Total U.S. Treasury bonds & notes** |  | 7811 |
| **Asset-backed obligations 1.03%** | **Asset-backed obligations 1.03%** | **Asset-backed obligations 1.03%** |
| **Auto loan 0.67%** |  |  |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(a)(c)</sup>  | 1 | 1 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/2027 <sup>(a)</sup>  | 1 | 1 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(a)(c)</sup>  | 22 | 22 |
| Drive Auto Receivables Trust, Series 2024-2, Class A2, 4.94% 12/15/2027 <sup>(a)</sup>  | 1 | 1 |
| Drive Auto Receivables Trust, Series 2024-2, Class A3, 4.50% 9/15/2028 <sup>(a)</sup>  | 21 | 21 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(a)(c)</sup>  | 257 | 266 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(a)(c)</sup>  | 3 | 3 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **254** |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) |  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** |  |  |
| GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(a)(c)</sup>  | GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(a)(c)</sup>  | USD43 | $43 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(a)</sup>  | Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(a)</sup>  | 1 | 1 |
| Toyota Auto Loan Extended Note Trust, Series 2023-1, Class A, 4.93% 6/25/2036 <sup>(a)(c)</sup>  | Toyota Auto Loan Extended Note Trust, Series 2023-1, Class A, 4.93% 6/25/2036 <sup>(a)(c)</sup>  | 100 | 102 |
| Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(a)(c)</sup>  | Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(a)(c)</sup>  | 383 | 387 |
|  |  |  | 848 |
| **Student loan 0.22%** | **Student loan 0.22%** |  |  |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(a)(c)</sup>  | Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(a)(c)</sup>  | 58 | 53 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(a)(c)</sup>  | Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(a)(c)</sup>  | 76 | 70 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(a)(c)</sup>  | Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(a)(c)</sup>  | 86 | 81 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.588% <br> 4/20/2062 <sup>(a)(c)(d)</sup>  | Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.588% <br> 4/20/2062 <sup>(a)(c)(d)</sup>  | 72 | 72 |
|  |  |  | 276 |
| **Other asset-backed securities 0.14%** | **Other asset-backed securities 0.14%** |  |  |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(a)(c)</sup>  | CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(a)(c)</sup>  | 89 | 75 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(c)</sup>  | New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(c)</sup>  | 100 | 84 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(a)</sup>  | Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(a)</sup>  | 12 | 12 |
|  |  |  | 171 |
| **Total asset-backed obligations** | **Total asset-backed obligations** |  | 1295 |
| **Total bonds, notes & other debt instruments** (cost: $108,233,000) | **Total bonds, notes & other debt instruments** (cost: $108,233,000) |  | 108659 |
| Short-term securities 19.42% | Weighted<br> average yield<br> at acquisition<br>|  |  |
| **Commercial paper 4.81%** | **Commercial paper 4.81%** | **Commercial paper 4.81%** | **Commercial paper 4.81%** |
| Exxon Asset Management Co. 3/31/2026  | 3.820<br> %<br>| 1050 | 1040 |
| Novartis Finance Corp. 1/2/2026 <sup>(c)</sup>  | 3.660 | 2000 | 2000 |
| Victory Receivables Corp. 1/16/2026 <sup>(c)</sup>  | 4.000 | 1000 | 998 |
| Wal-Mart Stores, Inc. 1/14/2026 <sup>(c)</sup>  | 3.630 | 2000 | 1997 |
|  |  |  | 6035 |
| **Bonds & notes of governments & government agencies outside the U.S. 1.11%** | **Bonds & notes of governments & government agencies outside the U.S. 1.11%** | **Bonds & notes of governments & government agencies outside the U.S. 1.11%** | **Bonds & notes of governments & government agencies outside the U.S. 1.11%** |
| Ontario (Province of) 1/23/2026  | 3.890 | 1400 | 1397 |
| **Federal agency bills & notes 13.50%** | **Federal agency bills & notes 13.50%** | **Federal agency bills & notes 13.50%** | **Federal agency bills & notes 13.50%** |
| Federal Farm Credit Banks 2/20/2026  | 3.580 | 2500 | 2488 |
| Federal Home Loan Bank 1/2/2026  | 3.500 | 3100 | 3100 |
| Federal Home Loan Bank 1/9/2026  | 3.840 | 2500 | 2498 |
| Federal Home Loan Bank 2/4/2026  | 3.590 | 2000 | 1994 |
| Federal Home Loan Bank 2/6/2026  | 3.685 | 3500 | 3488 |

---

---

| | |
|:---|:---|
| **255** | American Funds Insurance Series |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** |
| Federal Home Loan Bank 2/11/2026  | 3.790<br> %<br>| USD1,400 | $1394 |
| Federal Home Loan Bank 3/6/2026  | 3.635 | 1500 | 1491 |
| Federal Home Loan Bank 3/20/2026  | 3.565 | 500 | 496 |
| **Total short-term securities** (cost: $24,378,000) | **Total short-term securities** (cost: $24,378,000) | **Total short-term securities** (cost: $24,378,000) | 24381 |
| **Total investment securities 105.95%** (cost: $132,611,000) | **Total investment securities 105.95%** (cost: $132,611,000) |  | 133040 |
| Other assets less liabilities (5.95)% | Other assets less liabilities (5.95)% |  | (7473)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $125567 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 2 | 3/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(b)</sup><br>|
| 2 Year U.S. Treasury Note Futures | Long | 343 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 140 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 30 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28)<br>|
| 10 Year U.S. Treasury Note Futures | Short | 18 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2024)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| 20 Year U.S. Treasury Bond Futures | Long | 15 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 23 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(132)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 3.3615% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 5/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; USD520 | &nbsp;&nbsp;&nbsp;&nbsp; $1 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1 |
| SOFR | Annual | 3.6025% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 1/8/2034 | &nbsp;&nbsp;&nbsp;&nbsp; USD495 | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| SOFR | Annual | 3.8215% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 4/23/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD100 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| SOFR | Annual | 3.6965% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 11/5/2035 | &nbsp;&nbsp;&nbsp;&nbsp; USD230 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| SOFR | Annual | 3.41% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 7/28/2045 | &nbsp;&nbsp;&nbsp;&nbsp; USD1,182 | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 121 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $126 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $126 |

---

<sup>(a)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(b)</sup> Amount less than one thousand.

<sup>(c)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $7,682,000, which represented 6.12% of the net assets of the fund. 

<sup>(d)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(e)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $946,000, which represented 0.75% of the net assets of the fund. 

<sup>(f)</sup> Represents securities transacted on a TBA basis.

---

| | |
|:---|:---|
| American Funds Insurance Series | **256** |

---

------

American Funds Mortgage Fund<sup>®</sup> (continued)

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| CME = CME Group |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **257** | American Funds Insurance Series |

---

------

Ultra-Short Bond Fund

**Investment portfolio** December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities 100.30% | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Commercial paper 62.55%** | **Commercial paper 62.55%** | **Commercial paper 62.55%** | **Commercial paper 62.55%** |
| Apple, Inc. 1/5/2026 <sup>(a)</sup>  | 0.210<br> %<br>| USD4,000 | $3998 |
| Apple, Inc. 1/15/2026 <sup>(a)</sup>  | 0.315 | 7500 | 7489 |
| Cabot Trail Funding, LLC. 1/14/2026 <sup>(a)</sup>  | 1.160 | 10175 | 10160 |
| CHARTA, LLC 1/14/2026 <sup>(a)</sup>  | 0.449 | 10000 | 9985 |
| Chevron Corp. 1/5/2026 <sup>(a)</sup>  | 0.201 | 2200 | 2199 |
| Chevron Corp. 2/3/2026 <sup>(a)</sup>  | 0.544 | 11400 | 11361 |
| Cisco Systems, Inc. 1/22/2026 <sup>(a)</sup>  | 0.854 | 11900 | 11873 |
| DBS Bank, Ltd. 1/23/2026 <sup>(a)</sup>  | 1.522 | 11500 | 11473 |
| Essilor International 1/26/2026 <sup>(a)</sup>  | 0.346 | 9000 | 8976 |
| Linde, Inc. 1/20/2026  | 0.357 | 2900 | 2894 |
| Linde, Inc. 2/2/2026  | 0.435 | 8200 | 8173 |
| LVMH Moet Hennessy Louis Vuitton, Inc. 2/2/2026 <sup>(a)</sup>  | 1.227 | 11000 | 10963 |
| Novartis Finance Corp. 1/12/2026 <sup>(a)</sup>  | 0.211 | 11000 | 10987 |
| Oversea-Chinese Banking Corp., Ltd. 1/5/2026 <sup>(a)</sup>  | 0.347 | 5200 | 5197 |
| Oversea-Chinese Banking Corp., Ltd. 1/26/2026 <sup>(a)</sup>  | 0.260 | 4200 | 4189 |
| Paccar Financial Corp. 1/26/2026  | 0.385 | 10000 | 9973 |
| Procter & Gamble Co. 3/4/2026 <sup>(a)</sup>  | 0.748 | 10000 | 9936 |
| Prudential Funding, LLC 1/9/2026  | 0.311 | 10000 | 9991 |
| Siemens Capital Company, LLC. 1/6/2026 <sup>(a)</sup>  | 1.103 | 7700 | 7695 |
| Starbird Funding Corp. 3/4/2026 <sup>(a)</sup>  | 0.822 | 10800 | 10729 |
| Victory Receivables Corp. 1/16/2026 <sup>(a)</sup>  | 0.994 | 12000 | 11980 |
| Wal-Mart Stores, Inc. 1/14/2026 <sup>(a)</sup>  | 0.280 | 12200 | 12183 |
|  |  |  | 192404 |
| **Federal agency bills & notes 19.81%** | **Federal agency bills & notes 19.81%** | **Federal agency bills & notes 19.81%** | **Federal agency bills & notes 19.81%** |
| Federal Farm Credit Banks 2/20/2026  | 0.526 | 1000 | 995 |
| Federal Home Loan Bank 1/2/2026  | 0.020 | 4500 | 4500 |
| Federal Home Loan Bank 1/30/2026  | 1.143 | 9600 | 9573 |
| Federal Home Loan Bank 2/6/2026  | 0.877 | 5000 | 4983 |
| Federal Home Loan Bank 2/11/2026  | 0.869 | 2400 | 2391 |
| Federal Home Loan Bank 2/12/2026  | 0.841 | 6100 | 6075 |
| Federal Home Loan Bank 2/17/2026  | 0.739 | 7500 | 7466 |
| Federal Home Loan Bank 2/25/2026  | 1.086 | 11100 | 11041 |
| Federal Home Loan Bank 3/6/2026  | 0.795 | 4000 | 3975 |
| Federal Home Loan Bank 3/11/2026  | 0.787 | 5000 | 4967 |
| Federal Home Loan Bank 4/8/2026  | 0.962 | 5000 | 4953 |
|  |  |  | 60919 |
| **Bonds & notes of governments & government agencies outside the U.S. 13.50%** | **Bonds & notes of governments & government agencies outside the U.S. 13.50%** | **Bonds & notes of governments & government agencies outside the U.S. 13.50%** | **Bonds & notes of governments & government agencies outside the U.S. 13.50%** |
| Alberta (Province of) 3/2/2026 <sup>(a)</sup>  | 0.846 | 9800 | 9739 |
| Hydro-Québec 1/6/2026 <sup>(a)</sup>  | 0.385 | 11000 | 10993 |
| KfW 1/7/2026 <sup>(a)</sup>  | 0.218 | 2000 | 1999 |
| KfW 3/18/2026 <sup>(a)</sup>  | 0.762 | 8000 | 7939 |
| Ontario (Province of) 1/23/2026  | 0.563 | 7000 | 6984 |
| Ontario (Province of) 2/26/2026  | 0.828 | 3900 | 3877 |
|  |  |  | 41531 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **258** |

---

------

Ultra-Short Bond Fund (continued)

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bills 4.44%** | **U.S. Treasury bills 4.44%** | **U.S. Treasury bills 4.44%** | **U.S. Treasury bills 4.44%** |
| U.S. Treasury 2/10/2026  | 0.632<br> %<br>| USD8,700 | $8667 |
| U.S. Treasury 2/17/2026  | 0.652 | 5000 | 4977 |
|  |  |  | 13644 |
| **Total short-term securities** (cost: $308,476,000) | **Total short-term securities** (cost: $308,476,000) | **Total short-term securities** (cost: $308,476,000) | 308498 |
| **Total investment securities 100.30%** (cost: $308,476,000) | **Total investment securities 100.30%** (cost: $308,476,000) | **Total investment securities 100.30%** (cost: $308,476,000) | 308498 |
| Other assets less liabilities (0.30)% |  |  | (921)<br>|
| **Net assets 100.00%** |  |  | $307577 |

---

<sup>(a)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $192,043,000, which represented 62.44% of the net assets of the fund. 

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **259** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 86.86% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations 43.50%** | **Mortgage-backed obligations 43.50%** | **Mortgage-backed obligations 43.50%** |
| **Federal agency mortgage-backed obligations 43.50%** |  |  |
| Fannie Mae Pool #745316 6.50% 2/1/2026 <sup>(a)</sup>  | USD— <br><sup>(b)</sup><br>| $— <br><sup>(b)</sup><br>|
| Fannie Mae Pool #AL9870 6.50% 2/1/2028 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #257431 6.50% 10/1/2028 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #695412 5.00% 6/1/2033 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Fannie Mae Pool #AD3566 5.00% 10/1/2035 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #MA2588 4.00% 4/1/2036 <sup>(a)</sup>  | 413 | 409 |
| Fannie Mae Pool #MA2746 4.00% 9/1/2036 <sup>(a)</sup>  | 968 | 957 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(a)</sup>  | 721 | 683 |
| Fannie Mae Pool #940890 6.50% 6/1/2037 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Fannie Mae Pool #MA4665 2.50% 7/1/2037 <sup>(a)</sup>  | 297 | 281 |
| Fannie Mae Pool #256828 7.00% 7/1/2037 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #256860 6.50% 8/1/2037 <sup>(a)</sup>  | 8 | 8 |
| Fannie Mae Pool #888698 7.00% 10/1/2037 <sup>(a)</sup>  | 9 | 10 |
| Fannie Mae Pool #970343 6.00% 2/1/2038 <sup>(a)</sup>  | 12 | 12 |
| Fannie Mae Pool #931768 5.00% 8/1/2039 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #AC0794 5.00% 10/1/2039 <sup>(a)</sup>  | 15 | 15 |
| Fannie Mae Pool #932606 5.00% 2/1/2040 <sup>(a)</sup>  | 6 | 6 |
| Fannie Mae Pool #FM7365 2.00% 5/1/2041 <sup>(a)</sup>  | 22975 | 20051 |
| Fannie Mae Pool #AI1862 5.00% 5/1/2041 <sup>(a)</sup>  | 250 | 257 |
| Fannie Mae Pool #AI3510 5.00% 6/1/2041 <sup>(a)</sup>  | 126 | 129 |
| Fannie Mae Pool #AE1248 5.00% 6/1/2041 <sup>(a)</sup>  | 27 | 28 |
| Fannie Mae Pool #AJ0704 5.00% 9/1/2041 <sup>(a)</sup>  | 114 | 117 |
| Fannie Mae Pool #AJ1873 4.00% 10/1/2041 <sup>(a)</sup>  | 14 | 14 |
| Fannie Mae Pool #AJ5391 5.00% 11/1/2041 <sup>(a)</sup>  | 63 | 65 |
| Fannie Mae Pool #AE1277 5.00% 11/1/2041 <sup>(a)</sup>  | 12 | 12 |
| Fannie Mae Pool #AE1283 5.00% 12/1/2041 <sup>(a)</sup>  | 5 | 6 |
| Fannie Mae Pool #AE1290 5.00% 2/1/2042 <sup>(a)</sup>  | 16 | 16 |
| Fannie Mae Pool #AT0300 3.50% 3/1/2043 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #AT3954 3.50% 4/1/2043 <sup>(a)</sup>  | 6 | 5 |
| Fannie Mae Pool #AT7161 3.50% 6/1/2043 <sup>(a)</sup>  | 28 | 27 |
| Fannie Mae Pool #MA5235 6.50% 12/1/2043 <sup>(a)</sup>  | 754 | 784 |
| Fannie Mae Pool #AY1829 3.50% 12/1/2044 <sup>(a)</sup>  | 7 | 6 |
| Fannie Mae Pool #BE5017 3.50% 2/1/2045 <sup>(a)</sup>  | 51 | 49 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(a)</sup>  | 3360 | 3191 |
| Fannie Mae Pool #BE8740 3.50% 5/1/2047 <sup>(a)</sup>  | 42 | 40 |
| Fannie Mae Pool #BE8742 3.50% 5/1/2047 <sup>(a)</sup>  | 11 | 10 |
| Fannie Mae Pool #BH2846 3.50% 5/1/2047 <sup>(a)</sup>  | 6 | 6 |
| Fannie Mae Pool #BH2848 3.50% 5/1/2047 <sup>(a)</sup>  | 5 | 5 |
| Fannie Mae Pool #BH2847 3.50% 5/1/2047 <sup>(a)</sup>  | 2 | 2 |
| Fannie Mae Pool #BH3122 4.00% 6/1/2047 <sup>(a)</sup>  | 5 | 5 |
| Fannie Mae Pool #BJ5015 4.00% 12/1/2047 <sup>(a)</sup>  | 77 | 75 |
| Fannie Mae Pool #BM3788 3.50% 3/1/2048 <sup>(a)</sup>  | 2416 | 2281 |
| Fannie Mae Pool #BJ4901 3.50% 3/1/2048 <sup>(a)</sup>  | 31 | 29 |
| Fannie Mae Pool #BK5232 4.00% 5/1/2048 <sup>(a)</sup>  | 43 | 42 |
| Fannie Mae Pool #BK6840 4.00% 6/1/2048 <sup>(a)</sup>  | 61 | 59 |
| Fannie Mae Pool #BK9743 4.00% 8/1/2048 <sup>(a)</sup>  | 19 | 18 |
| Fannie Mae Pool #BK9761 4.50% 8/1/2048 <sup>(a)</sup>  | 13 | 13 |
| Fannie Mae Pool #FM3280 3.50% 5/1/2049 <sup>(a)</sup>  | 865 | 822 |
| Fannie Mae Pool #FM1062 3.50% 6/1/2049 <sup>(a)</sup>  | 318 | 302 |
| Fannie Mae Pool #BJ8411 3.50% 8/1/2049 <sup>(a)</sup>  | 84 | 79 |
| Fannie Mae Pool #CA4151 3.50% 9/1/2049 <sup>(a)</sup>  | 428 | 406 |
| Fannie Mae Pool #FM1443 3.50% 9/1/2049 <sup>(a)</sup>  | 241 | 228 |
| Fannie Mae Pool #FM2179 3.00% 1/1/2050 <sup>(a)</sup>  | 2768 | 2508 |
| Fannie Mae Pool #CA6593 2.50% 8/1/2050 <sup>(a)</sup>  | 706 | 611 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(a)</sup>  | 24 | 21 |
| Fannie Mae Pool #BQ3005 2.50% 10/1/2050 <sup>(a)</sup>  | 447 | 382 |
| Fannie Mae Pool #CA7257 2.50% 10/1/2050 <sup>(a)</sup>  | 150 | 130 |
| Fannie Mae Pool #CA7739 2.50% 11/1/2050 <sup>(a)</sup>  | 1520 | 1304 |
| Fannie Mae Pool #MA4208 2.00% 12/1/2050 <sup>(a)</sup>  | 187 | 153 |
| Fannie Mae Pool #BR0772 2.00% 1/1/2051 <sup>(a)</sup>  | 1301 | 1054 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **260** |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(a)</sup>  | USD66 | $54 |
| Fannie Mae Pool #FM6548 2.00% 3/1/2051 <sup>(a)</sup>  | 874 | 723 |
| Fannie Mae Pool #CB0290 2.00% 4/1/2051 <sup>(a)</sup>  | 559 | 456 |
| Fannie Mae Pool #MA4305 2.00% 4/1/2051 <sup>(a)</sup>  | 9 | 7 |
| Fannie Mae Pool #FM6856 2.50% 4/1/2051 <sup>(a)</sup>  | 338 | 289 |
| Fannie Mae Pool #BR1035 2.00% 5/1/2051 <sup>(a)</sup>  | 5 | 4 |
| Fannie Mae Pool #FM8114 2.00% 6/1/2051 <sup>(a)</sup>  | 1334 | 1080 |
| Fannie Mae Pool #CB0844 2.50% 6/1/2051 <sup>(a)</sup>  | 827 | 700 |
| Fannie Mae Pool #FM7687 3.00% 6/1/2051 <sup>(a)</sup>  | 4198 | 3797 |
| Fannie Mae Pool #BR2095 2.50% 7/1/2051 <sup>(a)</sup>  | 1272 | 1087 |
| Fannie Mae Pool #FM9530 2.50% 7/1/2051 <sup>(a)</sup>  | 257 | 218 |
| Fannie Mae Pool #FM7900 2.50% 7/1/2051 <sup>(a)</sup>  | 149 | 129 |
| Fannie Mae Pool #FM8422 2.50% 8/1/2051 <sup>(a)</sup>  | 488 | 414 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(a)</sup>  | 1207 | 1025 |
| Fannie Mae Pool #CB1527 2.50% 9/1/2051 <sup>(a)</sup>  | 550 | 471 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(a)</sup>  | 364 | 308 |
| Fannie Mae Pool #CB1868 2.50% 10/1/2051 <sup>(a)</sup>  | 972 | 823 |
| Fannie Mae Pool #FS0965 2.00% 11/1/2051 <sup>(a)</sup>  | 40 | 33 |
| Fannie Mae Pool #BU2803 2.50% 11/1/2051 <sup>(a)</sup>  | 20 | 17 |
| Fannie Mae Pool #BU3058 2.50% 12/1/2051 <sup>(a)</sup>  | 1948 | 1652 |
| Fannie Mae Pool #CB2286 2.50% 12/1/2051 <sup>(a)</sup>  | 996 | 856 |
| Fannie Mae Pool #FA1935 2.50% 12/1/2051 <sup>(a)</sup>  | 5 | 4 |
| Fannie Mae Pool #FM9976 3.00% 12/1/2051 <sup>(a)</sup>  | 633 | 575 |
| Fannie Mae Pool #BV0894 2.00% 1/1/2052 <sup>(a)</sup>  | 463 | 375 |
| Fannie Mae Pool #CB2668 3.00% 1/1/2052 <sup>(a)</sup>  | 2286 | 2025 |
| Fannie Mae Pool #CB2544 3.00% 1/1/2052 <sup>(a)</sup>  | 1868 | 1676 |
| Fannie Mae Pool #CB2666 3.00% 1/1/2052 <sup>(a)</sup>  | 949 | 840 |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(a)</sup>  | 383 | 310 |
| Fannie Mae Pool #FS5037 2.50% 2/1/2052 <sup>(a)</sup>  | 368 | 312 |
| Fannie Mae Pool #FS0523 2.50% 2/1/2052 <sup>(a)</sup>  | 160 | 137 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(a)</sup>  | 2932 | 2654 |
| Fannie Mae Pool #FS1374 3.00% 3/1/2052 <sup>(a)</sup>  | 1945 | 1724 |
| Fannie Mae Pool #CB3140 4.00% 3/1/2052 <sup>(a)</sup>  | 410 | 391 |
| Fannie Mae Pool #BV7703 2.00% 4/1/2052 <sup>(a)</sup>  | 3078 | 2496 |
| Fannie Mae Pool #CB3354 2.50% 4/1/2052 <sup>(a)</sup>  | 7001 | 5926 |
| Fannie Mae Pool #CB3375 3.50% 4/1/2052 <sup>(a)</sup>  | 1004 | 931 |
| Fannie Mae Pool #BV9262 3.00% 5/1/2052 <sup>(a)</sup>  | 783 | 694 |
| Fannie Mae Pool #CB3523 3.00% 5/1/2052 <sup>(a)</sup>  | 168 | 149 |
| Fannie Mae Pool #CB3528 4.00% 5/1/2052 <sup>(a)</sup>  | 549 | 523 |
| Fannie Mae Pool #FS6605 2.00% 6/1/2052 <sup>(a)</sup>  | 473 | 383 |
| Fannie Mae Pool #FS7329 2.00% 6/1/2052 <sup>(a)</sup>  | 98 | 79 |
| Fannie Mae Pool #CB3774 4.00% 6/1/2052 <sup>(a)</sup>  | 2471 | 2359 |
| Fannie Mae Pool #FS2159 5.00% 6/1/2052 <sup>(a)</sup>  | 49 | 49 |
| Fannie Mae Pool #BV2558 5.00% 6/1/2052 <sup>(a)</sup>  | 44 | 44 |
| Fannie Mae Pool #FS6986 2.00% 7/1/2052 <sup>(a)</sup>  | 203 | 165 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(a)</sup>  | 3391 | 2871 |
| Fannie Mae Pool #FS6362 3.50% 8/1/2052 <sup>(a)</sup>  | 2189 | 2030 |
| Fannie Mae Pool #BV8976 5.00% 8/1/2052 <sup>(a)</sup>  | 285 | 288 |
| Fannie Mae Pool #FS2489 5.00% 8/1/2052 <sup>(a)</sup>  | 46 | 46 |
| Fannie Mae Pool #BW1192 4.50% 9/1/2052 <sup>(a)</sup>  | 628 | 619 |
| Fannie Mae Pool #FS4611 5.00% 9/1/2052 <sup>(a)</sup>  | 8032 | 8048 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(a)</sup>  | 3185 | 2587 |
| Fannie Mae Pool #BW9458 4.50% 10/1/2052 <sup>(a)</sup>  | 912 | 898 |
| Fannie Mae Pool #BX0097 4.50% 10/1/2052 <sup>(a)</sup>  | 832 | 817 |
| Fannie Mae Pool #FS5994 5.00% 10/1/2052 <sup>(a)</sup>  | 7788 | 7805 |
| Fannie Mae Pool #BX1004 5.00% 10/1/2052 <sup>(a)</sup>  | 4729 | 4733 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(a)</sup>  | 576 | 587 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(a)</sup>  | 526 | 536 |
| Fannie Mae Pool #CB4917 5.50% 10/1/2052 <sup>(a)</sup>  | 77 | 79 |
| Fannie Mae Pool #MA4820 6.50% 10/1/2052 <sup>(a)</sup>  | 207 | 216 |

---

---

| | |
|:---|:---|
| **261** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #CB5118 4.00% 11/1/2052 <sup>(a)</sup>  | USD48 | $46 |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(a)</sup>  | 7 | 7 |
| Fannie Mae Pool #BX3198 4.00% 12/1/2052 <sup>(a)</sup>  | 47 | 45 |
| Fannie Mae Pool #MA4840 4.50% 12/1/2052 <sup>(a)</sup>  | 2465 | 2418 |
| Fannie Mae Pool #BX6121 6.00% 1/1/2053 <sup>(a)</sup>  | 1804 | 1875 |
| Fannie Mae Pool #BY1411 4.00% 2/1/2053 <sup>(a)</sup>  | 1367 | 1303 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(a)</sup>  | 8 | 8 |
| Fannie Mae Pool #FS3759 6.00% 2/1/2053 <sup>(a)</sup>  | 660 | 691 |
| Fannie Mae Pool #CB5919 6.00% 3/1/2053 <sup>(a)</sup>  | 717 | 739 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(a)</sup>  | 543 | 563 |
| Fannie Mae Pool #BY2249 4.00% 4/1/2053 <sup>(a)</sup>  | 223 | 212 |
| Fannie Mae Pool #MA4979 5.50% 4/1/2053 <sup>(a)</sup>  | 1942 | 1977 |
| Fannie Mae Pool #CB6106 6.50% 4/1/2053 <sup>(a)</sup>  | 320 | 338 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(a)</sup>  | 288 | 294 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(a)</sup>  | 1594 | 1646 |
| Fannie Mae Pool #CB6590 4.00% 6/1/2053 <sup>(a)</sup>  | 70 | 67 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(a)</sup>  | 2635 | 2682 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(a)</sup>  | 2588 | 2664 |
| Fannie Mae Pool #FS4933 6.00% 6/1/2053 <sup>(a)</sup>  | 1690 | 1741 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(a)</sup>  | 1634 | 1684 |
| Fannie Mae Pool #MA5040 6.00% 6/1/2053 <sup>(a)</sup>  | 1248 | 1287 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(a)</sup>  | 1196 | 1240 |
| Fannie Mae Pool #CB6719 4.50% 7/1/2053 <sup>(a)</sup>  | 346 | 339 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(a)</sup>  | 9038 | 9198 |
| Fannie Mae Pool #MA5073 6.00% 7/1/2053 <sup>(a)</sup>  | 1490 | 1533 |
| Fannie Mae Pool #FS5343 6.00% 7/1/2053 <sup>(a)</sup>  | 245 | 253 |
| Fannie Mae Pool #CB6853 4.50% 8/1/2053 <sup>(a)</sup>  | 429 | 419 |
| Fannie Mae Pool #MA5107 5.50% 8/1/2053 <sup>(a)</sup>  | 186 | 189 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(a)</sup>  | 19754 | 20095 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(a)</sup>  | 444 | 457 |
| Fannie Mae Pool #CB7242 6.50% 10/1/2053 <sup>(a)</sup>  | 618 | 644 |
| Fannie Mae Pool #MA5167 6.50% 10/1/2053 <sup>(a)</sup>  | 178 | 185 |
| Fannie Mae Pool #MA5207 4.00% 11/1/2053 <sup>(a)</sup>  | 943 | 898 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(a)</sup>  | 24 | 25 |
| Fannie Mae Pool #FS8361 3.50% 12/1/2053 <sup>(a)</sup>  | 254 | 236 |
| Fannie Mae Pool #MA5236 4.00% 12/1/2053 <sup>(a)</sup>  | 23 | 21 |
| Fannie Mae Pool #FS6668 5.50% 12/1/2053 <sup>(a)</sup>  | 494 | 502 |
| Fannie Mae Pool #MA5215 5.50% 12/1/2053 <sup>(a)</sup>  | 136 | 138 |
| Fannie Mae Pool #CB7624 6.50% 12/1/2053 <sup>(a)</sup>  | 9288 | 9680 |
| Fannie Mae Pool #CB8089 7.00% 12/1/2053 <sup>(a)</sup>  | 721 | 758 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(a)</sup>  | 2899 | 3018 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(a)</sup>  | 445 | 452 |
| Fannie Mae Pool #FS7809 7.00% 2/1/2054 <sup>(a)</sup>  | 6000 | 6316 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(a)</sup>  | 876 | 889 |
| Fannie Mae Pool #DA7881 5.50% 3/1/2054 <sup>(a)</sup>  | 395 | 401 |
| Fannie Mae Pool #DB0754 5.50% 3/1/2054 <sup>(a)</sup>  | 42 | 42 |
| Fannie Mae Pool #CB8328 5.50% 4/1/2054 <sup>(a)</sup>  | 1169 | 1194 |
| Fannie Mae Pool #DB1235 6.00% 4/1/2054 <sup>(a)</sup>  | 600 | 623 |
| Fannie Mae Pool #CB8387 6.50% 4/1/2054 <sup>(a)</sup>  | 1109 | 1161 |
| Fannie Mae Pool #MA5353 5.50% 5/1/2054 <sup>(a)</sup>  | 5132 | 5210 |
| Fannie Mae Pool #CB8507 6.50% 5/1/2054 <sup>(a)</sup>  | 1595 | 1677 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(a)</sup>  | 2882 | 2972 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(a)</sup>  | 687 | 706 |
| Fannie Mae Pool #DB6813 6.00% 6/1/2054 <sup>(a)</sup>  | 106 | 109 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(a)</sup>  | 3937 | 4107 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(a)</sup>  | 1677 | 1743 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(a)</sup>  | 6657 | 6866 |
| Fannie Mae Pool #FS8591 6.00% 7/1/2054 <sup>(a)</sup>  | 3615 | 3755 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(a)</sup>  | 844 | 867 |
| Fannie Mae Pool #BU4707 6.00% 7/1/2054 <sup>(a)</sup>  | 144 | 148 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **262** |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(a)</sup>  | USD5,993 | $6273 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(a)</sup>  | 1622 | 1693 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(a)</sup>  | 959 | 1007 |
| Fannie Mae Pool #DC1075 6.00% 8/1/2054 <sup>(a)</sup>  | 234 | 240 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(a)</sup>  | 217 | 225 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(a)</sup>  | 112 | 115 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(a)</sup>  | 101 | 104 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(a)</sup>  | 88 | 92 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(a)</sup>  | 84 | 86 |
| Fannie Mae Pool #FS8934 6.50% 8/1/2054 <sup>(a)</sup>  | 1648 | 1730 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(a)</sup>  | 1419 | 1475 |
| Fannie Mae Pool #FS9009 5.50% 9/1/2054 <sup>(a)</sup>  | 1865 | 1906 |
| Fannie Mae Pool #DC1547 6.00% 9/1/2054 <sup>(a)</sup>  | 1350 | 1387 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(a)</sup>  | 91 | 93 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(a)</sup>  | 45 | 46 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(a)</sup>  | 4335 | 4506 |
| Fannie Mae Pool #BU5166 6.00% 10/1/2054 <sup>(a)</sup>  | 1397 | 1440 |
| Fannie Mae Pool #DC5704 4.00% 11/1/2054 <sup>(a)</sup>  | 132 | 125 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(a)</sup>  | 199 | 203 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(a)</sup>  | 23 | 23 |
| Fannie Mae Pool #DC5696 6.00% 11/1/2054 <sup>(a)</sup>  | 2547 | 2619 |
| Fannie Mae Pool #CB9432 6.00% 11/1/2054 <sup>(a)</sup>  | 372 | 384 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(a)</sup>  | 783 | 782 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(a)</sup>  | 31 | 32 |
| Fannie Mae Pool #FP0130 6.50% 12/1/2054 <sup>(a)</sup>  | 2206 | 2293 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(a)</sup>  | 1578 | 1621 |
| Fannie Mae Pool #CB9821 6.00% 1/1/2055 <sup>(a)</sup>  | 947 | 978 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(a)</sup>  | 26 | 26 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(a)</sup>  | 192 | 198 |
| Fannie Mae Pool #MA5646 5.50% 3/1/2055 <sup>(a)</sup>  | 7300 | 7407 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(a)</sup>  | 10881 | 11317 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(a)</sup>  | 8612 | 8952 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(a)</sup>  | 6435 | 6770 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(a)</sup>  | 1829 | 1880 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(a)</sup>  | 69 | 71 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(a)</sup>  | 67 | 69 |
| Fannie Mae Pool #MA5676 7.00% 4/1/2055 <sup>(a)</sup>  | 670 | 705 |
| Fannie Mae Pool #DD9126 4.00% 5/1/2055 <sup>(a)</sup>  | 53 | 50 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(a)</sup>  | 174 | 179 |
| Fannie Mae Pool #DD8411 7.00% 5/1/2055 <sup>(a)</sup>  | 1377 | 1451 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(a)</sup>  | 662 | 681 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(a)</sup>  | 5053 | 5256 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(a)</sup>  | 3040 | 3159 |
| Fannie Mae Pool #BV6163 3.50% 8/1/2055 <sup>(a)</sup>  | 86 | 79 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(a)</sup>  | 4204 | 4266 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(a)</sup>  | 762 | 783 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(a)</sup>  | 470 | 489 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(a)</sup>  | 1705 | 1730 |
| Fannie Mae Pool #MA5907 4.00% 12/1/2055 <sup>(a)</sup>  | 158 | 150 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(a)</sup>  | 1111 | 968 |
| Fannie Mae Pool #BF0585 4.50% 12/1/2061 <sup>(a)</sup>  | 331 | 323 |
| Fannie Mae Pool #BF0765 3.50% 9/1/2063 <sup>(a)</sup>  | 420 | 382 |
| FARM Mortgage Trust, Series 2024-1, Class A, 4.684% 10/1/2053 <sup>(a)(c)(d)</sup>  | 941 | 918 |
| Freddie Mac Pool #ZS8907 6.50% 10/1/2026 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #ZA2024 6.50% 9/1/2027 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| 1; <br><sup>(b)</sup><br>|
| Freddie Mac Pool #1H1354 6.26% 11/1/2036 <sup>(a)(d)</sup>  | 29 | 30 |
| Freddie Mac Pool #QO0557 2.50% 7/1/2037 <sup>(a)</sup>  | 1083 | 1025 |
| Freddie Mac Pool #C03518 5.00% 9/1/2040 <sup>(a)</sup>  | 216 | 223 |
| Freddie Mac Pool #G06459 5.00% 5/1/2041 <sup>(a)</sup>  | 446 | 459 |
| Freddie Mac Pool #RB5145 2.00% 2/1/2042 <sup>(a)</sup>  | 601 | 521 |

---

---

| | |
|:---|:---|
| **263** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #RB5154 2.50% 4/1/2042 <sup>(a)</sup>  | USD8,660 | $7741 |
| Freddie Mac Pool #Q15874 4.00% 2/1/2043 <sup>(a)</sup>  | 2 | 2 |
| Freddie Mac Pool #Q17696 3.50% 4/1/2043 <sup>(a)</sup>  | 21 | 20 |
| Freddie Mac Pool #Q19133 3.50% 6/1/2043 <sup>(a)</sup>  | 22 | 21 |
| Freddie Mac Pool #Q23190 4.00% 11/1/2043 <sup>(a)</sup>  | 109 | 107 |
| Freddie Mac Pool #Q28558 3.50% 9/1/2044 <sup>(a)</sup>  | 161 | 154 |
| Freddie Mac Pool #760014 4.632% 8/1/2045 <sup>(a)(d)</sup>  | 202 | 203 |
| Freddie Mac Pool #Q47615 3.50% 4/1/2047 <sup>(a)</sup>  | 41 | 38 |
| Freddie Mac Pool #Q52069 3.50% 11/1/2047 <sup>(a)</sup>  | 58 | 55 |
| Freddie Mac Pool #SD0470 4.00% 11/1/2047 <sup>(a)</sup>  | 5483 | 5288 |
| Freddie Mac Pool #Q54701 3.50% 3/1/2048 <sup>(a)</sup>  | 39 | 37 |
| Freddie Mac Pool #Q54709 3.50% 3/1/2048 <sup>(a)</sup>  | 39 | 37 |
| Freddie Mac Pool #Q54700 3.50% 3/1/2048 <sup>(a)</sup>  | 32 | 30 |
| Freddie Mac Pool #Q54781 3.50% 3/1/2048 <sup>(a)</sup>  | 24 | 23 |
| Freddie Mac Pool #Q54782 3.50% 3/1/2048 <sup>(a)</sup>  | 19 | 18 |
| Freddie Mac Pool #Q54699 3.50% 3/1/2048 <sup>(a)</sup>  | 16 | 16 |
| Freddie Mac Pool #Q54831 3.50% 3/1/2048 <sup>(a)</sup>  | 11 | 11 |
| Freddie Mac Pool #Q54698 3.50% 3/1/2048 <sup>(a)</sup>  | 11 | 10 |
| Freddie Mac Pool #G67711 4.00% 3/1/2048 <sup>(a)</sup>  | 686 | 666 |
| Freddie Mac Pool #Q55971 4.00% 5/1/2048 <sup>(a)</sup>  | 38 | 37 |
| Freddie Mac Pool #Q56175 4.00% 5/1/2048 <sup>(a)</sup>  | 32 | 31 |
| Freddie Mac Pool #Q56590 3.50% 6/1/2048 <sup>(a)</sup>  | 21 | 20 |
| Freddie Mac Pool #Q56589 3.50% 6/1/2048 <sup>(a)</sup>  | 12 | 12 |
| Freddie Mac Pool #Q56599 4.00% 6/1/2048 <sup>(a)</sup>  | 63 | 62 |
| Freddie Mac Pool #ZT2265 4.00% 8/1/2048 <sup>(a)</sup>  | 5121 | 4951 |
| Freddie Mac Pool #Q58411 4.50% 9/1/2048 <sup>(a)</sup>  | 156 | 156 |
| Freddie Mac Pool #Q58436 4.50% 9/1/2048 <sup>(a)</sup>  | 74 | 73 |
| Freddie Mac Pool #Q58378 4.50% 9/1/2048 <sup>(a)</sup>  | 50 | 49 |
| Freddie Mac Pool #ZT0522 4.50% 9/1/2048 <sup>(a)</sup>  | 16 | 16 |
| Freddie Mac Pool #QA0284 3.50% 6/1/2049 <sup>(a)</sup>  | 123 | 117 |
| Freddie Mac Pool #QA2748 3.50% 9/1/2049 <sup>(a)</sup>  | 36 | 34 |
| Freddie Mac Pool #RA1463 3.50% 10/1/2049 <sup>(a)</sup>  | 290 | 275 |
| Freddie Mac Pool #RA1580 3.50% 10/1/2049 <sup>(a)</sup>  | 151 | 143 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(a)</sup>  | 23 | 21 |
| Freddie Mac Pool #RA3576 2.00% 9/1/2050 <sup>(a)</sup>  | 1329 | 1079 |
| Freddie Mac Pool #QB4847 2.50% 10/1/2050 <sup>(a)</sup>  | 28 | 24 |
| Freddie Mac Pool #SD8106 2.00% 11/1/2050 <sup>(a)</sup>  | 1136 | 928 |
| Freddie Mac Pool #RA3987 2.50% 11/1/2050 <sup>(a)</sup>  | 1713 | 1467 |
| Freddie Mac Pool #SD8128 2.00% 2/1/2051 <sup>(a)</sup>  | 31 | 25 |
| Freddie Mac Pool #RA4528 2.50% 2/1/2051 <sup>(a)</sup>  | 713 | 605 |
| Freddie Mac Pool #SD8134 2.00% 3/1/2051 <sup>(a)</sup>  | 51 | 42 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(a)</sup>  | 1974 | 1620 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(a)</sup>  | 895 | 724 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(a)</sup>  | 127 | 115 |
| Freddie Mac Pool #SD0726 2.50% 10/1/2051 <sup>(a)</sup>  | 7920 | 6839 |
| Freddie Mac Pool #RA6406 2.00% 11/1/2051 <sup>(a)</sup>  | 398 | 325 |
| Freddie Mac Pool #SD1385 2.50% 11/1/2051 <sup>(a)</sup>  | 418 | 362 |
| Freddie Mac Pool #QD3226 2.50% 12/1/2051 <sup>(a)</sup>  | 952 | 806 |
| Freddie Mac Pool #QD3619 2.50% 12/1/2051 <sup>(a)</sup>  | 104 | 88 |
| Freddie Mac Pool #SD7552 2.50% 1/1/2052 <sup>(a)</sup>  | 259 | 224 |
| Freddie Mac Pool #SD0813 3.00% 1/1/2052 <sup>(a)</sup>  | 121 | 109 |
| Freddie Mac Pool #RA6816 2.00% 2/1/2052 <sup>(a)</sup>  | 4455 | 3606 |
| Freddie Mac Pool #RA6771 2.00% 2/1/2052 <sup>(a)</sup>  | 2324 | 1881 |
| Freddie Mac Pool #QD7967 2.00% 2/1/2052 <sup>(a)</sup>  | 293 | 237 |
| Freddie Mac Pool #SD0873 3.50% 2/1/2052 <sup>(a)</sup>  | 7547 | 7088 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(a)</sup>  | 147 | 137 |
| Freddie Mac Pool #SD5745 2.00% 3/1/2052 <sup>(a)</sup>  | 327 | 264 |
| Freddie Mac Pool #QE1079 3.50% 4/1/2052 <sup>(a)</sup>  | 104 | 97 |
| Freddie Mac Pool #QD9477 4.00% 4/1/2052 <sup>(a)</sup>  | 325 | 309 |
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(a)</sup>  | 801 | 681 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **264** |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #8D0226 2.544% 5/1/2052 <sup>(a)(d)</sup>  | USD412 | $383 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(a)</sup>  | 7491 | 6653 |
| Freddie Mac Pool #QE1489 3.50% 5/1/2052 <sup>(a)</sup>  | 1238 | 1148 |
| Freddie Mac Pool #QE3999 3.50% 5/1/2052 <sup>(a)</sup>  | 410 | 380 |
| Freddie Mac Pool #QE4044 2.50% 6/1/2052 <sup>(a)</sup>  | 328 | 278 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(a)</sup>  | 262 | 232 |
| Freddie Mac Pool #RA7258 3.50% 6/1/2052 <sup>(a)</sup>  | 36 | 34 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(a)</sup>  | 2028 | 1717 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(a)</sup>  | 3100 | 2749 |
| Freddie Mac Pool #RA7572 3.00% 8/1/2052 <sup>(a)</sup>  | 48 | 43 |
| Freddie Mac Pool #SD4554 4.00% 8/1/2052 <sup>(a)</sup>  | 135 | 128 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(a)</sup>  | 180 | 177 |
| Freddie Mac Pool #QE8282 5.00% 8/1/2052 <sup>(a)</sup>  | 781 | 782 |
| Freddie Mac Pool #QE7647 5.00% 8/1/2052 <sup>(a)</sup>  | 45 | 45 |
| Freddie Mac Pool #SD1496 5.00% 8/1/2052 <sup>(a)</sup>  | 36 | 37 |
| Freddie Mac Pool #QF0212 4.50% 9/1/2052 <sup>(a)</sup>  | 792 | 777 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(a)</sup>  | 185 | 182 |
| Freddie Mac Pool #SD1608 4.50% 9/1/2052 <sup>(a)</sup>  | 116 | 114 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(a)</sup>  | 8774 | 8809 |
| Freddie Mac Pool #SD3782 4.50% 10/1/2052 <sup>(a)</sup>  | 3051 | 2992 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(a)</sup>  | 78 | 77 |
| Freddie Mac Pool #SD1895 4.50% 11/1/2052 <sup>(a)</sup>  | 947 | 943 |
| Freddie Mac Pool #QF2560 4.50% 11/1/2052 <sup>(a)</sup>  | 698 | 687 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(a)</sup>  | 1823 | 1856 |
| Freddie Mac Pool #SD8281 6.50% 12/1/2052 <sup>(a)</sup>  | 3737 | 3900 |
| Freddie Mac Pool #SD8320 3.00% 2/1/2053 <sup>(a)</sup>  | 663 | 588 |
| Freddie Mac Pool #SD8316 5.50% 4/1/2053 <sup>(a)</sup>  | 799 | 813 |
| Freddie Mac Pool #QG1653 6.00% 4/1/2053 <sup>(a)</sup>  | 744 | 767 |
| Freddie Mac Pool #QG0259 6.00% 4/1/2053 <sup>(a)</sup>  | 409 | 422 |
| Freddie Mac Pool #RA8647 4.50% 5/1/2053 <sup>(a)</sup>  | 79 | 78 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(a)</sup>  | 712 | 725 |
| Freddie Mac Pool #SD3369 5.50% 5/1/2053 <sup>(a)</sup>  | 457 | 464 |
| Freddie Mac Pool #SD8325 6.00% 5/1/2053 <sup>(a)</sup>  | 3287 | 3388 |
| Freddie Mac Pool #QG3763 6.00% 5/1/2053 <sup>(a)</sup>  | 1519 | 1568 |
| Freddie Mac Pool #SD2979 6.50% 5/1/2053 <sup>(a)</sup>  | 213 | 225 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(a)</sup>  | 1346 | 1369 |
| Freddie Mac Pool #SD8332 6.00% 6/1/2053 <sup>(a)</sup>  | 12863 | 13257 |
| Freddie Mac Pool #SD3175 6.00% 6/1/2053 <sup>(a)</sup>  | 3429 | 3532 |
| Freddie Mac Pool #SD3083 6.00% 6/1/2053 <sup>(a)</sup>  | 1797 | 1852 |
| Freddie Mac Pool #QG5227 6.00% 6/1/2053 <sup>(a)</sup>  | 748 | 771 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(a)</sup>  | 371 | 386 |
| Freddie Mac Pool #RA9283 6.00% 6/1/2053 <sup>(a)</sup>  | 336 | 347 |
| Freddie Mac Pool #RA9281 6.00% 6/1/2053 <sup>(a)</sup>  | 219 | 227 |
| Freddie Mac Pool #RA9284 6.00% 6/1/2053 <sup>(a)</sup>  | 186 | 194 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(a)</sup>  | 1797 | 1881 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(a)</sup>  | 1557 | 1632 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(a)</sup>  | 1477 | 1560 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(a)</sup>  | 1453 | 1532 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(a)</sup>  | 1018 | 1076 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(a)</sup>  | 817 | 860 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(a)</sup>  | 494 | 515 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(a)</sup>  | 462 | 493 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(a)</sup>  | 15782 | 16058 |
| Freddie Mac Pool #SD3386 5.50% 7/1/2053 <sup>(a)</sup>  | 569 | 580 |
| Freddie Mac Pool #SD8343 6.00% 7/1/2053 <sup>(a)</sup>  | 16252 | 16745 |
| Freddie Mac Pool #SD8350 6.00% 8/1/2053 <sup>(a)</sup>  | 17343 | 17848 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(a)</sup>  | 670 | 681 |
| Freddie Mac Pool #SD3857 6.00% 9/1/2053 <sup>(a)</sup>  | 34942 | 35984 |
| Freddie Mac Pool #RA9857 6.00% 9/1/2053 <sup>(a)</sup>  | 1977 | 2036 |
| Freddie Mac Pool #SD3825 6.50% 9/1/2053 <sup>(a)</sup>  | 72 | 75 |

---

---

| | |
|:---|:---|
| **265** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SL2623 3.00% 10/1/2053 <sup>(a)</sup>  | USD2,099 | $1859 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(a)</sup>  | 4342 | 4473 |
| Freddie Mac Pool #SD8370 4.50% 11/1/2053 <sup>(a)</sup>  | 686 | 671 |
| Freddie Mac Pool #SD8372 5.50% 11/1/2053 <sup>(a)</sup>  | 2949 | 2993 |
| Freddie Mac Pool #SD4318 6.50% 11/1/2053 <sup>(a)</sup>  | 9504 | 9972 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(a)</sup>  | 32 | 33 |
| Freddie Mac Pool #SD8395 5.50% 1/1/2054 <sup>(a)</sup>  | 1820 | 1849 |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(a)</sup>  | 340 | 355 |
| Freddie Mac Pool #QI0100 4.00% 2/1/2054 <sup>(a)</sup>  | 157 | 149 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(a)</sup>  | 861 | 875 |
| Freddie Mac Pool #SD4894 6.00% 2/1/2054 <sup>(a)</sup>  | 3774 | 3911 |
| Freddie Mac Pool #SD4975 6.00% 2/1/2054 <sup>(a)</sup>  | 172 | 177 |
| Freddie Mac Pool #SL2362 6.50% 2/1/2054 <sup>(a)</sup>  | 4620 | 4858 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(a)</sup>  | 461 | 468 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(a)</sup>  | 526 | 537 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(a)</sup>  | 93 | 94 |
| Freddie Mac Pool #QI2895 6.00% 4/1/2054 <sup>(a)</sup>  | 490 | 509 |
| Freddie Mac Pool #RJ1448 5.50% 5/1/2054 <sup>(a)</sup>  | 478 | 485 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(a)</sup>  | 66 | 68 |
| Freddie Mac Pool #SD5404 6.50% 5/1/2054 <sup>(a)</sup>  | 2108 | 2207 |
| Freddie Mac Pool #RJ1535 6.50% 5/1/2054 <sup>(a)</sup>  | 1019 | 1071 |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(a)</sup>  | 11156 | 11596 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(a)</sup>  | 1 | 1 |
| Freddie Mac Pool #RJ1792 6.50% 6/1/2054 <sup>(a)</sup>  | 2477 | 2609 |
| Freddie Mac Pool #RJ1726 6.50% 6/1/2054 <sup>(a)</sup>  | 932 | 976 |
| Freddie Mac Pool #RJ1725 6.50% 6/1/2054 <sup>(a)</sup>  | 582 | 614 |
| Freddie Mac Pool #SD5949 6.00% 7/1/2054 <sup>(a)</sup>  | 7350 | 7575 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(a)</sup>  | 2780 | 2867 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(a)</sup>  | 215 | 221 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(a)</sup>  | 5542 | 5770 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(a)</sup>  | 2052 | 2133 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(a)</sup>  | 3847 | 3932 |
| Freddie Mac Pool #SD8453 5.50% 8/1/2054 <sup>(a)</sup>  | 906 | 919 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(a)</sup>  | 2900 | 2985 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(a)</sup>  | 1336 | 1377 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(a)</sup>  | 137 | 141 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(a)</sup>  | 76 | 78 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(a)</sup>  | 51 | 53 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(a)</sup>  | 4317 | 4487 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(a)</sup>  | 3489 | 3652 |
| Freddie Mac Pool #QJ4811 5.50% 9/1/2054 <sup>(a)</sup>  | 673 | 683 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(a)</sup>  | 470 | 485 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(a)</sup>  | 245 | 253 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(a)</sup>  | 232 | 242 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(a)</sup>  | 225 | 235 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(a)</sup>  | 138 | 142 |
| Freddie Mac Pool #SD6288 6.50% 9/1/2054 <sup>(a)</sup>  | 4396 | 4620 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(a)</sup>  | 1520 | 1580 |
| Freddie Mac Pool #SL2445 6.50% 9/1/2054 <sup>(a)</sup>  | 1245 | 1301 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(a)</sup>  | 3 | 3 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(a)</sup>  | 379 | 384 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(a)</sup>  | 3 | 3 |
| Freddie Mac Pool #RJ3240 6.00% 1/1/2055 <sup>(a)</sup>  | 3591 | 3719 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(a)</sup>  | 3112 | 3197 |
| Freddie Mac Pool #RJ3301 6.00% 1/1/2055 <sup>(a)</sup>  | 1422 | 1480 |
| Freddie Mac Pool #RJ3305 6.00% 1/1/2055 <sup>(a)</sup>  | 1033 | 1071 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(a)</sup>  | 1444 | 1520 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(a)</sup>  | 2201 | 2261 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(a)</sup>  | 5 | 6 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(a)</sup>  | 1301 | 1336 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **266** |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Freddie Mac Pool #SL0673 6.50% 3/1/2055 <sup>(a)</sup>  | USD4,423 | $4646 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(a)</sup>  | 1003 | 1042 |
| Freddie Mac Pool #QY0582 4.00% 4/1/2055 <sup>(a)</sup>  | 808 | 767 |
| Freddie Mac Pool #SD8524 5.50% 4/1/2055 <sup>(a)</sup>  | 213 | 216 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(a)</sup>  | 378 | 388 |
| Freddie Mac Pool #QY1898 7.00% 4/1/2055 <sup>(a)</sup>  | 622 | 661 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(a)</sup>  | 348 | 357 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(a)</sup>  | 649 | 648 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(a)</sup>  | 8713 | 9057 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(a)</sup>  | 2767 | 2807 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(a)</sup>  | 1223 | 1257 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(a)</sup>  | 4638 | 4821 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(a)</sup>  | 631 | 648 |
| Freddie Mac Pool #SL2781 6.50% 9/1/2055 <sup>(a)</sup>  | 2776 | 2914 |
| Freddie Mac Pool #SL2647 6.50% 9/1/2055 <sup>(a)</sup>  | 1752 | 1841 |
| Freddie Mac Pool #QZ5542 3.50% 10/1/2055 <sup>(a)</sup>  | 526 | 488 |
| Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/2030 <sup>(a)</sup>  | 3875 | 3932 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(a)</sup>  | 3332 | 3184 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/2056 <sup>(a)</sup>  | 704 | 622 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056 <sup>(a)</sup>  | 283 | 255 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(a)</sup>  | 3410 | 3239 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(a)(d)</sup>  | 3022 | 2885 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057 <sup>(a)</sup>  | 764 | 664 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(a)(d)</sup>  | 1062 | 971 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(a)(d)</sup>  | 324 | 318 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/2057 <sup>(a)</sup>  | 3378 | 3042 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(a)</sup>  | 386 | 377 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/25/2058 <sup>(a)</sup>  | 590 | 529 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(a)</sup>  | 1453 | 1417 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 <sup>(a)</sup>  | 316 | 284 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(a)</sup>  | 1257 | 1185 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(a)</sup>  | 12897 | 12705 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/2029 <sup>(a)</sup>  | 3267 | 3108 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A1D, 2.00% 7/25/2030 <sup>(a)</sup>  | 933 | 868 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A2D, 2.00% 7/25/2030 <sup>(a)</sup>  | 435 | 392 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/2032 <sup>(a)</sup>  | 3198 | 3120 |
| Government National Mortgage Assn. 5.00% 1/1/2056 <sup>(a)(e)</sup>  | 5 | 5 |
| Government National Mortgage Assn. Pool #782365 6.00% 7/15/2038 <sup>(a)</sup>  | 55 | 58 |
| Government National Mortgage Assn. Pool #700778 5.50% 10/15/2038 <sup>(a)</sup>  | 11 | 11 |
| Government National Mortgage Assn. Pool #004269 6.50% 10/20/2038 <sup>(a)</sup>  | 113 | 122 |
| Government National Mortgage Assn. Pool #698668 5.50% 11/15/2038 <sup>(a)</sup>  | 25 | 26 |
| Government National Mortgage Assn. Pool #698406 5.00% 7/15/2039 <sup>(a)</sup>  | 113 | 117 |
| Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039 <sup>(a)</sup>  | 60 | 64 |
| Government National Mortgage Assn. Pool #783689 5.50% 2/20/2040 <sup>(a)</sup>  | 1653 | 1712 |
| Government National Mortgage Assn. Pool #783688 5.00% 6/20/2041 <sup>(a)</sup>  | 602 | 615 |
| Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 <sup>(a)</sup>  | 392 | 388 |
| Government National Mortgage Assn. Pool #MA0533 3.00% 11/20/2042 <sup>(a)</sup>  | 14 | 13 |
| Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 <sup>(a)</sup>  | 734 | 609 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(a)</sup>  | 643 | 533 |
| Government National Mortgage Assn. Pool #785575 2.50% 8/20/2051 <sup>(a)</sup>  | 4304 | 3676 |
| Government National Mortgage Assn. Pool #MA7534 2.50% 8/20/2051 <sup>(a)</sup>  | 1863 | 1609 |
| Government National Mortgage Assn. Pool #785659 2.50% 10/20/2051 <sup>(a)</sup>  | 593 | 508 |
| Government National Mortgage Assn. Pool #786706 2.50% 12/20/2051 <sup>(a)</sup>  | 3352 | 2857 |
| Government National Mortgage Assn. Pool #MA7827 2.50% 1/20/2052 <sup>(a)</sup>  | 78 | 67 |
| Government National Mortgage Assn. Pool #786502 2.50% 2/20/2052 <sup>(a)</sup>  | 2855 | 2459 |
| Government National Mortgage Assn. Pool #786647 2.50% 3/20/2052 <sup>(a)</sup>  | 1472 | 1273 |
| Government National Mortgage Assn. Pool #786701 2.50% 3/20/2052 <sup>(a)</sup>  | 896 | 774 |
| Government National Mortgage Assn. Pool #785998 2.50% 3/20/2052 <sup>(a)</sup>  | 707 | 606 |
| Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 <sup>(a)</sup>  | 224 | 202 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(a)</sup>  | 827 | 714 |

---

---

| | |
|:---|:---|
| **267** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** |  |  |
| Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 <sup>(a)</sup>  | USD176 | $158 |
| Government National Mortgage Assn. Pool #MA8044 3.50% 5/20/2052 <sup>(a)</sup>  | 2004 | 1847 |
| Government National Mortgage Assn. Pool #MA8199 3.50% 8/20/2052 <sup>(a)</sup>  | 620 | 568 |
| Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 <sup>(a)</sup>  | 3811 | 3522 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(a)</sup>  | 291 | 277 |
| Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/2053 <sup>(a)</sup>  | 401 | 382 |
| Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053 <sup>(a)</sup>  | 199 | 190 |
| Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053 <sup>(a)</sup>  | 50 | 50 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(a)</sup>  | 4091 | 4008 |
| Government National Mortgage Assn. Pool #MA9104 4.50% 8/20/2053 <sup>(a)</sup>  | 2634 | 2581 |
| Government National Mortgage Assn. Pool #MA9169 4.50% 9/20/2053 <sup>(a)</sup>  | 1116 | 1091 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(a)</sup>  | 4323 | 4109 |
| Government National Mortgage Assn. Pool #MB0024 4.50% 11/20/2054 <sup>(a)</sup>  | 1352 | 1319 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(a)</sup>  | 484 | 490 |
| Government National Mortgage Assn. Pool #MB0424 5.50% 6/20/2055 <sup>(a)</sup>  | 989 | 999 |
| Government National Mortgage Assn. Pool #MB0485 5.50% 7/20/2055 <sup>(a)</sup>  | 343 | 346 |
| Government National Mortgage Assn. Pool #MB0742 3.50% 11/20/2055 <sup>(a)</sup>  | 928 | 845 |
| Government National Mortgage Assn. Pool #MB0810 3.50% 12/20/2055 <sup>(a)</sup>  | 484 | 440 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(a)</sup>  | 418 | 312 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2041 <sup>(a)(e)</sup>  | 1115 | 1033 |
| Uniform Mortgage-Backed Security 4.00% 1/1/2041 <sup>(a)(e)</sup>  | 920 | 908 |
| Uniform Mortgage-Backed Security 5.00% 1/1/2041 <sup>(a)(e)</sup>  | 780 | 790 |
| Uniform Mortgage-Backed Security 2.00% 1/1/2056 <sup>(a)(e)</sup>  | 16198 | 13097 |
| Uniform Mortgage-Backed Security 3.50% 1/1/2056 <sup>(a)(e)</sup>  | 119 | 110 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(a)(e)</sup>  | 1999 | 1951 |
| Uniform Mortgage-Backed Security 5.50% 1/1/2056 <sup>(a)(e)</sup>  | 6284 | 6373 |
| Uniform Mortgage-Backed Security 6.00% 1/1/2056 <sup>(a)(e)</sup>  | 18724 | 19228 |
| Uniform Mortgage-Backed Security 6.50% 1/1/2056 <sup>(a)(e)</sup>  | 6031 | 6268 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(a)(e)</sup>  | 7168 | 6605 |
| **Total mortgage-backed obligations** |  | 816712 |
| **U.S. Treasury bonds & notes 40.76%** | **U.S. Treasury bonds & notes 40.76%** | **U.S. Treasury bonds & notes 40.76%** |
| **U.S. Treasury 36.84%** |  |  |
| U.S. Treasury 4.25% 1/31/2026  | 5535 | 5536 |
| U.S. Treasury 4.625% 2/28/2026  | 9375 | 9388 |
| U.S. Treasury 4.625% 3/15/2026  | 11050 | 11072 |
| U.S. Treasury 4.50% 3/31/2026  | 1435 | 1438 |
| U.S. Treasury 4.875% 4/30/2026  | 35525 | 35676 |
| U.S. Treasury 0.875% 6/30/2026  | 2065 | 2038 |
| U.S. Treasury 4.50% 7/15/2026  | 10366 | 10422 |
| U.S. Treasury 4.375% 7/31/2026  | 25795 | 25919 |
| U.S. Treasury 4.625% 9/15/2026  | 10209 | 10285 |
| U.S. Treasury 3.50% 9/30/2026  | 11100 | 11094 |
| U.S. Treasury 3.875% 3/31/2027  | 23000 | 23100 |
| U.S. Treasury 4.50% 4/15/2027  | 30000 | 30371 |
| U.S. Treasury 0.50% 4/30/2027  | 1250 | 1202 |
| U.S. Treasury 2.625% 5/31/2027  | 2290 | 2263 |
| U.S. Treasury 3.75% 6/30/2027  | 33220 | 33348 |
| U.S. Treasury 3.875% 7/31/2027  | 10000 | 10059 |
| U.S. Treasury 3.75% 8/15/2027  | 5043 | 5064 |
| U.S. Treasury 3.625% 8/31/2027  | 2945 | 2951 |
| U.S. Treasury 3.375% 11/30/2027  | 600 | 599 |
| U.S. Treasury 4.25% 2/15/2028 <sup>(f)</sup>  | 48655 | 49404 |
| U.S. Treasury 3.625% 5/31/2028  | 14850 | 14890 |
| U.S. Treasury 1.25% 6/30/2028  | 3325 | 3147 |
| U.S. Treasury 4.00% 6/30/2028  | 6907 | 6988 |
| U.S. Treasury 1.00% 7/31/2028  | 970 | 910 |
| U.S. Treasury 4.125% 7/31/2028  | 17685 | 17950 |
| U.S. Treasury 3.50% 11/15/2028  | 410 | 410 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **268** |

---

------

U.S. Government Securities Fund (continued)

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** |  |  |
| U.S. Treasury 2.625% 2/15/2029  | USD3,270 | $3180 |
| U.S. Treasury 4.50% 5/31/2029  | 825 | 849 |
| U.S. Treasury 2.625% 7/31/2029  | 9309 | 9006 |
| U.S. Treasury 4.00% 7/31/2029  | 15070 | 15268 |
| U.S. Treasury 4.125% 10/31/2029  | 4800 | 4883 |
| U.S. Treasury 4.125% 11/30/2029  | 10200 | 10377 |
| U.S. Treasury 4.375% 12/31/2029  | 23475 | 24106 |
| U.S. Treasury 4.00% 2/28/2030  | 11270 | 11415 |
| U.S. Treasury 4.00% 3/31/2030  | 15000 | 15193 |
| U.S. Treasury 3.75% 6/30/2030  | 17030 | 17075 |
| U.S. Treasury 3.875% 6/30/2030  | 6000 | 6046 |
| U.S. Treasury 4.00% 7/31/2030  | 1185 | 1200 |
| U.S. Treasury 4.625% 9/30/2030  | 1290 | 1341 |
| U.S. Treasury 4.875% 10/31/2030  | 625 | 657 |
| U.S. Treasury 3.50% 11/30/2030  | 505 | 500 |
| U.S. Treasury 4.25% 6/30/2031  | 9625 | 9847 |
| U.S. Treasury 4.125% 11/30/2031  | 3240 | 3290 |
| U.S. Treasury 4.125% 2/29/2032  | 9305 | 9440 |
| U.S. Treasury 4.125% 3/31/2032  | 3000 | 3043 |
| U.S. Treasury 4.125% 5/31/2032  | 10295 | 10435 |
| U.S. Treasury 4.00% 6/30/2032  | 16910 | 17018 |
| U.S. Treasury 2.75% 8/15/2032  | 8095 | 7550 |
| U.S. Treasury 3.75% 11/30/2032  | 4075 | 4030 |
| U.S. Treasury 3.875% 8/15/2033  | 3180 | 3156 |
| U.S. Treasury 4.375% 5/15/2034  | 1687 | 1726 |
| U.S. Treasury 3.875% 8/15/2034  | 1970 | 1941 |
| U.S. Treasury 4.25% 11/15/2034  | 1790 | 1810 |
| U.S. Treasury 4.625% 2/15/2035  | 5000 | 5194 |
| U.S. Treasury 4.25% 5/15/2035  | 1800 | 1816 |
| U.S. Treasury 4.25% 8/15/2035  | 5315 | 5357 |
| U.S. Treasury 4.00% 11/15/2035  | 285 | 281 |
| U.S. Treasury 4.50% 8/15/2039  | 13655 | 13699 |
| U.S. Treasury 4.625% 2/15/2040  | 90 | 91 |
| U.S. Treasury, interest only, 0% 11/15/2040  | 1110 | 545 |
| U.S. Treasury 1.375% 11/15/2040  | 1945 | 1265 |
| U.S. Treasury 3.875% 5/15/2043  | 820 | 737 |
| U.S. Treasury 4.375% 8/15/2043  | 40 | 38 |
| U.S. Treasury 4.50% 2/15/2044  | 3780 | 3663 |
| U.S. Treasury 4.125% 8/15/2044  | 11760 | 10810 |
| U.S. Treasury 2.50% 2/15/2045  | 4850 | 3441 |
| U.S. Treasury 5.00% 5/15/2045  | 8955 | 9207 |
| U.S. Treasury 4.625% 11/15/2045  | 180 | 176 |
| U.S. Treasury 2.50% 2/15/2046  | 3900 | 2720 |
| U.S. Treasury 2.50% 5/15/2046  | 1585 | 1101 |
| U.S. Treasury 2.875% 11/15/2046  | 2700 | 1997 |
| U.S. Treasury 3.00% 8/15/2048  | 750 | 556 |
| U.S. Treasury 2.375% 11/15/2049  | 1435 | 924 |
| U.S. Treasury 1.25% 5/15/2050  | 14825 | 7117 |
| U.S. Treasury 1.375% 8/15/2050  | 4330 | 2135 |
| U.S. Treasury 1.625% 11/15/2050  | 35205 | 18533 |
| U.S. Treasury 1.875% 2/15/2051  | 5892 | 3301 |
| U.S. Treasury 2.375% 5/15/2051  | 6280 | 3968 |
| U.S. Treasury 2.00% 8/15/2051  | 5226 | 3001 |
| U.S. Treasury 1.875% 11/15/2051  | 3164 | 1754 |
| U.S. Treasury 3.00% 8/15/2052  | 895 | 643 |
| U.S. Treasury 4.00% 11/15/2052  | 1849 | 1607 |
| U.S. Treasury 4.75% 11/15/2053  | 205 | 202 |
| U.S. Treasury 4.25% 2/15/2054  | 11130 | 10086 |
| U.S. Treasury 4.625% 5/15/2054  | 3165 | 3054 |
| U.S. Treasury 4.25% 8/15/2054  | 50 | 45 |

---

---

| | |
|:---|:---|
| **269** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) |  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |  |  |
| U.S. Treasury 4.625% 2/15/2055  | U.S. Treasury 4.625% 2/15/2055  | USD7,370 | $7115 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(f)</sup>  | U.S. Treasury 4.75% 8/15/2055 <sup>(f)</sup>  | 27230 | 26830 |
| U.S. Treasury 4.625% 11/15/2055  | U.S. Treasury 4.625% 11/15/2055  | 19425 | 18754 |
|  |  |  | 691669 |
| **U.S. Treasury inflation-protected securities 3.92%** | **U.S. Treasury inflation-protected securities 3.92%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.125% 10/15/2026 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.125% 10/15/2026 <sup>(g)</sup>  | 9620 | 9533 |
| U.S. Treasury Inflation-Protected Security 0.125% 4/15/2027 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.125% 4/15/2027 <sup>(g)</sup>  | 2960 | 2907 |
| U.S. Treasury Inflation-Protected Security 1.625% 10/15/2029 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 1.625% 10/15/2029 <sup>(g)</sup>  | 37322 | 37704 |
| U.S. Treasury Inflation-Protected Security 0.125% 7/15/2031 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.125% 7/15/2031 <sup>(g)</sup>  | 1093 | 1014 |
| U.S. Treasury Inflation-Protected Security 0.125% 1/15/2032 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.125% 1/15/2032 <sup>(g)</sup>  | 3399 | 3107 |
| U.S. Treasury Inflation-Protected Security 1.875% 7/15/2034 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 1.875% 7/15/2034 <sup>(g)</sup>  | 7377 | 7411 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2041 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 2.125% 2/15/2041 <sup>(g)</sup>  | 141 | 138 |
| U.S. Treasury Inflation-Protected Security 0.75% 2/15/2042 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.75% 2/15/2042 <sup>(g)</sup>  | 1506 | 1173 |
| U.S. Treasury Inflation-Protected Security 0.625% 2/15/2043 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.625% 2/15/2043 <sup>(g)</sup>  | 1756 | 1308 |
| U.S. Treasury Inflation-Protected Security 1.00% 2/15/2049 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 1.00% 2/15/2049 <sup>(g)</sup>  | 323 | 233 |
| U.S. Treasury Inflation-Protected Security 0.25% 2/15/2050 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.25% 2/15/2050 <sup>(g)</sup>  | 368 | 212 |
| U.S. Treasury Inflation-Protected Security 0.125% 2/15/2051 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 0.125% 2/15/2051 <sup>(g)</sup>  | 144 | 78 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(g)</sup>  | 456 | 410 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(g)</sup>  | U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(g)</sup>  | 8752 | 8308 |
|  |  |  | 73536 |
| **Total U.S. Treasury bonds & notes** | **Total U.S. Treasury bonds & notes** |  | 765205 |
| **Federal agency bonds & notes 2.60%** | **Federal agency bonds & notes 2.60%** | **Federal agency bonds & notes 2.60%** | **Federal agency bonds & notes 2.60%** |
| Export-Import Bank of the United States-Guaranteed, Ethiopian Leasing 2012, LLC 2.646% 5/12/2026  | Export-Import Bank of the United States-Guaranteed, Ethiopian Leasing 2012, LLC 2.646% 5/12/2026  | 46 | 46 |
| Federal Home Loan Bank 3.25% 11/16/2028  | Federal Home Loan Bank 3.25% 11/16/2028  | 6500 | 6462 |
| Federal Home Loan Bank 5.50% 7/15/2036  | Federal Home Loan Bank 5.50% 7/15/2036  | 300 | 329 |
| Federal National Mortgage Association 7.125% 1/15/2030  | Federal National Mortgage Association 7.125% 1/15/2030  | 2000 | 2258 |
| Private Export Funding Corp. 1.40% 7/15/2028  | Private Export Funding Corp. 1.40% 7/15/2028  | 3000 | 2840 |
| Tennessee Valley Authority 2.875% 2/1/2027  | Tennessee Valley Authority 2.875% 2/1/2027  | 5000 | 4966 |
| Tennessee Valley Authority 4.875% 5/15/2035  | Tennessee Valley Authority 4.875% 5/15/2035  | 2445 | 2525 |
| Tennessee Valley Authority 4.65% 6/15/2035  | Tennessee Valley Authority 4.65% 6/15/2035  | 1780 | 1811 |
| Tennessee Valley Authority 5.88% 4/1/2036  | Tennessee Valley Authority 5.88% 4/1/2036  | 875 | 980 |
| Tennessee Valley Authority, Series A, 4.625% 9/15/2060  | Tennessee Valley Authority, Series A, 4.625% 9/15/2060  | 250 | 223 |
| Tennessee Valley Authority, Southaven Combined Cycle Generation, LLC, 3.846% 8/15/2033  | Tennessee Valley Authority, Southaven Combined Cycle Generation, LLC, 3.846% 8/15/2033  | 660 | 639 |
| U.S. Agency for International Development, Morocco (Kingdom of) 7.55% 7/15/2026  | U.S. Agency for International Development, Morocco (Kingdom of) 7.55% 7/15/2026  | 645 | 657 |
| U.S. Department of Housing and Urban Development, Series 2015-A-12, 3.10% 8/1/2026  | U.S. Department of Housing and Urban Development, Series 2015-A-12, 3.10% 8/1/2026  | 2200 | 2188 |
| U.S. Department of Housing and Urban Development, Series 2015-A-13, 3.15% 8/1/2027  | U.S. Department of Housing and Urban Development, Series 2015-A-13, 3.15% 8/1/2027  | 10250 | 10131 |
| U.S. Department of Housing and Urban Development, Series 2015-A-14, 3.25% 8/1/2028  | U.S. Department of Housing and Urban Development, Series 2015-A-14, 3.25% 8/1/2028  | 3064 | 3029 |
| U.S. Department of Housing and Urban Development, Series 2015-A-15, 3.35% 8/1/2029  | U.S. Department of Housing and Urban Development, Series 2015-A-15, 3.35% 8/1/2029  | 2020 | 1987 |
| U.S. Department of Housing and Urban Development, Series 2015-A-16, 3.50% 8/1/2030  | U.S. Department of Housing and Urban Development, Series 2015-A-16, 3.50% 8/1/2030  | 1773 | 1726 |
| U.S. Department of Housing and Urban Development, Series 2015-A-17, 3.55% 8/1/2031  | U.S. Department of Housing and Urban Development, Series 2015-A-17, 3.55% 8/1/2031  | 2074 | 1998 |
| U.S. Department of Housing and Urban Development, Series 2015-A-18, 3.60% 8/1/2032  | U.S. Department of Housing and Urban Development, Series 2015-A-18, 3.60% 8/1/2032  | 2167 | 2056 |
| U.S. Department of Housing and Urban Development, Series 2015-A-19, 3.65% 8/1/2033  | U.S. Department of Housing and Urban Development, Series 2015-A-19, 3.65% 8/1/2033  | 1639 | 1545 |
| U.S. Department of Housing and Urban Development, Series 2015-A-20, 3.70% 8/1/2034  | U.S. Department of Housing and Urban Development, Series 2015-A-20, 3.70% 8/1/2034  | 330 | 308 |
|  |  |  | 48704 |
| **Total bonds, notes & other debt instruments** (cost: $1,653,043,000) | **Total bonds, notes & other debt instruments** (cost: $1,653,043,000) |  | 1630621 |
| Short-term securities 15.36% | Weighted<br> average yield<br> at acquisition<br>|  |  |
| **Commercial paper 8.81%** | **Commercial paper 8.81%** | **Commercial paper 8.81%** | **Commercial paper 8.81%** |
| Apple, Inc. 1/15/2026 <sup>(c)</sup>  | 3.650<br> %<br>| 15000 | 14977 |
| CAFCO, LLC 1/14/2026 <sup>(c)</sup>  | 4.040 | 10000 | 9985 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **270** |

---

------

U.S. Government Securities Fund (continued)

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Commercial paper (continued)** | **Commercial paper (continued)** | **Commercial paper (continued)** | **Commercial paper (continued)** |
| Chevron Corp. 2/3/2026 <sup>(c)</sup>  | 3.760<br> %<br>| USD12,300 | $12258 |
| Desjardins Group 2/27/2026 <sup>(c)</sup>  | 3.750 | 12500 | 12425 |
| Exxon Asset Management Co. 3/31/2026  | 3.820 | 19510 | 19332 |
| Linde, Inc. 1/20/2026  | 3.660 | 9400 | 9381 |
| Novartis Finance Corp. 1/2/2026 <sup>(c)</sup>  | 3.660 | 10000 | 9998 |
| Oversea-Chinese Banking Corp., Ltd. 1/26/2026 <sup>(c)</sup>  | 3.740 | 7000 | 6981 |
| Procter & Gamble Co. 1/23/2026 <sup>(c)</sup>  | 3.900 | 10000 | 9977 |
| Procter & Gamble Co. 3/4/2026 <sup>(c)</sup>  | 3.750 | 10000 | 9936 |
| Prudential Funding, LLC 1/9/2026  | 3.700 | 20000 | 19982 |
| TOTAL Holdings USA, Inc. 1/5/2026 <sup>(c)</sup>  | 3.715 | 15000 | 14992 |
| Wal-Mart Stores, Inc. 1/14/2026 <sup>(c)</sup>  | 3.630 | 15200 | 15178 |
|  |  |  | 165402 |
| **Bonds & notes of governments & government agencies outside the U.S. 2.58%** | **Bonds & notes of governments & government agencies outside the U.S. 2.58%** | **Bonds & notes of governments & government agencies outside the U.S. 2.58%** | **Bonds & notes of governments & government agencies outside the U.S. 2.58%** |
| Alberta (Province of) 2/12/2026 <sup>(c)</sup>  | 3.770 | 10100 | 10056 |
| KfW 1/7/2026 <sup>(c)</sup>  | 3.700 | 13000 | 12991 |
| Ontario (Province of) 2/6/2026  | 3.770 | 25600 | 25501 |
|  |  |  | 48548 |
| **Federal agency bills & notes 3.97%** | **Federal agency bills & notes 3.97%** | **Federal agency bills & notes 3.97%** | **Federal agency bills & notes 3.97%** |
| Federal Farm Credit Banks 2/20/2026  | 3.580 | 30500 | 30353 |
| Federal Home Loan Bank 1/2/2026  | 3.500 | 14364 | 14364 |
| Federal Home Loan Bank 1/23/2026  | 3.842 | 11960 | 11935 |
| Federal Home Loan Bank 2/25/2026  | 3.725 | 17900 | 17805 |
| **Total short-term securities** (cost: $288,397,000) | **Total short-term securities** (cost: $288,397,000) | **Total short-term securities** (cost: $288,397,000) | 288407 |
| Options purchased (equity style) 0.01% |  |  |  |
| Options purchased (equity style)\* | Options purchased (equity style)\* |  | 242 |
| **Total options purchased (equity style)** (cost: $330,000) | **Total options purchased (equity style)** (cost: $330,000) |  | 242 |
| **Total investment securities 102.23%** (cost: $1,941,770,000) | **Total investment securities 102.23%** (cost: $1,941,770,000) |  | 1919270 |
| **Total options written (equity style)** <sup>†</sup> **0.00%** (premium received: $102,000) | **Total options written (equity style)** <sup>†</sup> **0.00%** (premium received: $102,000) |  | (81)<br>|
| Other assets less liabilities (2.23)% | Other assets less liabilities (2.23)% |  | (41841)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $1877348 |

---

**\*Options purchased (equity style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD96.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD606,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $242 |

---

---

| | |
|:---|:---|
| **271** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

<sup>†</sup>**Options written (equity style)**

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD96.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD(361,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(81)<br>|

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 18 | 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD7,228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1 |
| 30 Day Federal Funds Futures | Long | 443 | 3/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25)<br>|
| 3 Month SOFR Futures | Long | 3 | 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| 3 Month SOFR Futures | Long | 26 | 9/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 5852 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1221834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (293)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 2936 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (856)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Short | 253 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (29099)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169 |
| 10 Year U.S. Treasury Note Futures | Short | 1099 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (123569)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 907 |
| 20 Year U.S. Treasury Bond Futures | Long | 186 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (257)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 447 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (850)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1214)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| 4.184% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/10/2026 | &nbsp;&nbsp;&nbsp; USD11,198 | &nbsp;&nbsp;&nbsp; $1 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $1 |
| 4.2035% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/10/2026 | &nbsp;&nbsp;&nbsp; USD11,197 | &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1 |
| 4.2045% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/10/2026 | &nbsp;&nbsp;&nbsp; USD1,020 | &nbsp;&nbsp;&nbsp; — <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>(b)</sup><br>|
| 4.27% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/16/2026 | &nbsp;&nbsp;&nbsp; USD9,621 | &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6 |
| 4.265% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/16/2026 | &nbsp;&nbsp;&nbsp; USD4,777 | &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3 |
| 4.3035% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/17/2026 | &nbsp;&nbsp;&nbsp; USD2,874 | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2 |
| 4.2515% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/17/2026 | &nbsp;&nbsp;&nbsp; USD2,847 | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2 |
| 4.2675% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/17/2026 | &nbsp;&nbsp;&nbsp; USD2,771 | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2 |
| 4.3005% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/17/2026 | &nbsp;&nbsp;&nbsp; USD1,989 | &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1 |
| 4.288% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/17/2026 | &nbsp;&nbsp;&nbsp; USD2,021 | &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1 |
| 4.568% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 3/1/2026 | &nbsp;&nbsp;&nbsp; USD27,000 | &nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34 |
| 4.56% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 3/1/2026 | &nbsp;&nbsp;&nbsp; USD27,400 | &nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 34 |
| 4.6275% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp; USD49,370 | &nbsp;&nbsp;&nbsp; 89 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 89 |
| 4.9005% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/17/2026 | &nbsp;&nbsp;&nbsp; USD14,100 | &nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 46 |
| 4.815% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/6/2026 | &nbsp;&nbsp;&nbsp; USD31,500 | &nbsp;&nbsp;&nbsp; 116 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 116 |
| 4.723% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/7/2026 | &nbsp;&nbsp;&nbsp; USD30,490 | &nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 103 |
| 4.659% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/17/2026 | &nbsp;&nbsp;&nbsp; USD45,400 | &nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 159 |
| SOFR | Annual | 4.528% | Annual | &nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp; USD2,700 | &nbsp;&nbsp;&nbsp; (10)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (10)<br>|

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **272** |

---

------

U.S. Government Securities Fund (continued)

**Swap contracts** (continued)

------

**Interest rate swaps** (continued)

**Centrally cleared interest rate swaps** (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| Rate | &nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| U.S. Urban CPI | At maturity | 2.12% | At maturity | &nbsp;&nbsp;&nbsp; 12/22/2026 | &nbsp;&nbsp;&nbsp; USD5,735 | &nbsp;&nbsp;&nbsp; $8 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $8 |
| 3.535% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/23/2027 | &nbsp;&nbsp;&nbsp; USD13,000 | &nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16 |
| 3.5405% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/23/2027 | &nbsp;&nbsp;&nbsp; USD12,100 | &nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 15 |
| 3.53% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 1/23/2027 | &nbsp;&nbsp;&nbsp; USD7,300 | &nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8 |
| SOFR | Annual | 4.186% | Annual | &nbsp;&nbsp;&nbsp; 2/18/2027 | &nbsp;&nbsp;&nbsp; USD54,150 | &nbsp;&nbsp;&nbsp; (467)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (467)<br>|
| 3.7645% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/20/2027 | &nbsp;&nbsp;&nbsp; USD23,600 | &nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 95 |
| 3.761% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/20/2027 | &nbsp;&nbsp;&nbsp; USD11,800 | &nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 47 |
| 4.5895% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/6/2027 | &nbsp;&nbsp;&nbsp; USD22,710 | &nbsp;&nbsp;&nbsp; 361 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 361 |
| SOFR | Annual | 3.2465% | Annual | &nbsp;&nbsp;&nbsp; 9/15/2027 | &nbsp;&nbsp;&nbsp; USD16,600 | &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19 |
| SOFR | Annual | 3.249% | Annual | &nbsp;&nbsp;&nbsp; 9/15/2027 | &nbsp;&nbsp;&nbsp; USD16,690 | &nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19 |
| 3.45% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/1/2028 | &nbsp;&nbsp;&nbsp; USD12,500 | &nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 36 |
| 3.47% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/2/2028 | &nbsp;&nbsp;&nbsp; USD11,600 | &nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38 |
| 3.6475% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 2/27/2028 | &nbsp;&nbsp;&nbsp; USD19,700 | &nbsp;&nbsp;&nbsp; 143 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 143 |
| SOFR | Annual | 3.528% | Annual | &nbsp;&nbsp;&nbsp; 1/29/2030 | &nbsp;&nbsp;&nbsp; USD4,000 | &nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (19)<br>|
| SOFR | Annual | 3.529% | Annual | &nbsp;&nbsp;&nbsp; 1/29/2030 | &nbsp;&nbsp;&nbsp; USD4,800 | &nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (23)<br>|
| SOFR | Annual | 3.5485% | Annual | &nbsp;&nbsp;&nbsp; 1/29/2030 | &nbsp;&nbsp;&nbsp; USD5,200 | &nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (29)<br>|
| U.S. EFFR | Annual | 0.5385% | Annual | &nbsp;&nbsp;&nbsp; 3/26/2030 | &nbsp;&nbsp;&nbsp; USD49,000 | &nbsp;&nbsp;&nbsp; 5455 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5455 |
| 3.18% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/17/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (25)<br>|
| 3.275% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/18/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (15)<br>|
| 3.353% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/19/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (7)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (7)<br>|
| 3.342% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/19/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (8)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8)<br>|
| 3.344% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/20/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (8)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (8)<br>|
| 3.128% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/28/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (31)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (31)<br>|
| 3.285% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/1/2030 | &nbsp;&nbsp;&nbsp; USD2,500 | &nbsp;&nbsp;&nbsp; (14)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (14)<br>|
| 3.259% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/1/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (17)<br>|
| 3.186% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/9/2030 | &nbsp;&nbsp;&nbsp; USD2,600 | &nbsp;&nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (25)<br>|
| 3.215% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/10/2030 | &nbsp;&nbsp;&nbsp; USD2,500 | &nbsp;&nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (21)<br>|
| 3.29% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 5/19/2030 | &nbsp;&nbsp;&nbsp; USD3,100 | &nbsp;&nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (17)<br>|
| SOFR | Annual | 3.3615% | Annual | &nbsp;&nbsp;&nbsp; 5/31/2030 | &nbsp;&nbsp;&nbsp; USD15,320 | &nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38 |
| 3.31% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 6/9/2030 | &nbsp;&nbsp;&nbsp; USD26,800 | &nbsp;&nbsp;&nbsp; (132)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (132)<br>|
| U.S. EFFR | Annual | 0.666% | Annual | &nbsp;&nbsp;&nbsp; 11/19/2030 | &nbsp;&nbsp;&nbsp; USD15,500 | &nbsp;&nbsp;&nbsp; 1909 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1909 |
| 3.488% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp;&nbsp; USD6,316 | &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1 |
| 3.43574% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 6/17/2031 | &nbsp;&nbsp;&nbsp; USD7,364 | &nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (16)<br>|
| SOFR | Annual | 3.326% | Annual | &nbsp;&nbsp;&nbsp; 9/19/2032 | &nbsp;&nbsp;&nbsp; USD10,880 | &nbsp;&nbsp;&nbsp; 172 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 172 |
| SOFR | Annual | 3.4225% | Annual | &nbsp;&nbsp;&nbsp; 9/22/2032 | &nbsp;&nbsp;&nbsp; USD10,938 | &nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 110 |
| SOFR | Annual | 4.1615% | Annual | &nbsp;&nbsp;&nbsp; 5/15/2033 | &nbsp;&nbsp;&nbsp; USD330 | &nbsp;&nbsp;&nbsp; (11)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (11)<br>|
| SOFR | Annual | 4.15% | Annual | &nbsp;&nbsp;&nbsp; 5/15/2033 | &nbsp;&nbsp;&nbsp; USD880 | &nbsp;&nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (29)<br>|
| 4.0135% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 8/21/2033 | &nbsp;&nbsp;&nbsp; USD1,185 | &nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28 |
| SOFR | Annual | 3.6025% | Annual | &nbsp;&nbsp;&nbsp; 1/8/2034 | &nbsp;&nbsp;&nbsp; USD4,655 | &nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24 |
| SOFR | Annual | 3.7175% | Annual | &nbsp;&nbsp;&nbsp; 8/8/2035 | &nbsp;&nbsp;&nbsp; USD1,180 | &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6 |
| SOFR | Annual | 3.6965% | Annual | &nbsp;&nbsp;&nbsp; 11/5/2035 | &nbsp;&nbsp;&nbsp; USD2,870 | &nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23 |
| SOFR | Annual | 3.79168% | Annual | &nbsp;&nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp;&nbsp; USD8,076 | &nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33 |
| SOFR | Annual | 3.801% | Annual | &nbsp;&nbsp;&nbsp; 6/17/2036 | &nbsp;&nbsp;&nbsp; USD6,989 | &nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 23 |
| SOFR | Annual | 3.175% | Annual | &nbsp;&nbsp;&nbsp; 2/1/2038 | &nbsp;&nbsp;&nbsp; USD16,000 | &nbsp;&nbsp;&nbsp; 1118 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1118 |
| 3.065% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 4/7/2040 | &nbsp;&nbsp;&nbsp; USD12,300 | &nbsp;&nbsp;&nbsp; (1298)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1298)<br>|
| 3.616% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 8/5/2044 | &nbsp;&nbsp;&nbsp; USD5,600 | &nbsp;&nbsp;&nbsp; (393)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (393)<br>|
| 3.561% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 8/9/2044 | &nbsp;&nbsp;&nbsp; USD4,800 | &nbsp;&nbsp;&nbsp; (372)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (372)<br>|
| SOFR | Annual | 3.9815% | Annual | &nbsp;&nbsp;&nbsp; 11/6/2044 | &nbsp;&nbsp;&nbsp; USD10,330 | &nbsp;&nbsp;&nbsp; 236 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 236 |
| SOFR | Annual | 3.045% | Annual | &nbsp;&nbsp;&nbsp; 7/27/2050 | &nbsp;&nbsp;&nbsp; USD3,600 | &nbsp;&nbsp;&nbsp; 640 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 640 |
| SOFR | Annual | 2.85282% | Annual | &nbsp;&nbsp;&nbsp; 12/6/2052 | &nbsp;&nbsp;&nbsp; USD540 | &nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 117 |
| SOFR | Annual | 2.93542% | Annual | &nbsp;&nbsp;&nbsp; 12/6/2052 | &nbsp;&nbsp;&nbsp; USD550 | &nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 112 |
| SOFR | Annual | 3.01413% | Annual | &nbsp;&nbsp;&nbsp; 1/12/2053 | &nbsp;&nbsp;&nbsp; USD1,402 | &nbsp;&nbsp;&nbsp; 268 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 268 |
| SOFR | Annual | 3.02% | Annual | &nbsp;&nbsp;&nbsp; 1/12/2053 | &nbsp;&nbsp;&nbsp; USD1,400 | &nbsp;&nbsp;&nbsp; 266 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 266 |

---

---

| | |
|:---|:---|
| **273** | American Funds Insurance Series |

---

------

U.S. Government Securities Fund (continued)

**Swap contracts** (continued)

------

**Interest rate swaps** (continued)

**Centrally cleared interest rate swaps** (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| Rate | &nbsp;&nbsp;&nbsp; Payment<br> frequency<br>| &nbsp;&nbsp;&nbsp; Expiration<br> date | &nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Value at<br> 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Upfront<br> premium<br> paid<br> &nbsp;&nbsp;&nbsp;&nbsp;(received)<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp; Unrealized<br> appreciation<br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation)<br> at 12/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 2.974% | Annual | &nbsp;&nbsp;&nbsp; 4/17/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; $159 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $159 |
| SOFR | Annual | 3.044% | Annual | &nbsp;&nbsp;&nbsp; 4/18/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 150 |
| SOFR | Annual | 3.0875% | Annual | &nbsp;&nbsp;&nbsp; 4/19/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 144 |
| SOFR | Annual | 3.1035% | Annual | &nbsp;&nbsp;&nbsp; 4/19/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 142 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 142 |
| SOFR | Annual | 3.0895% | Annual | &nbsp;&nbsp;&nbsp; 4/20/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 144 |
| SOFR | Annual | 2.9405% | Annual | &nbsp;&nbsp;&nbsp; 4/28/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 163 |
| SOFR | Annual | 3.0535% | Annual | &nbsp;&nbsp;&nbsp; 5/1/2053 | &nbsp;&nbsp;&nbsp; USD1,600 | &nbsp;&nbsp;&nbsp; 297 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 297 |
| SOFR | Annual | 3.085% | Annual | &nbsp;&nbsp;&nbsp; 5/9/2053 | &nbsp;&nbsp;&nbsp; USD900 | &nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 162 |
| SOFR | Annual | 3.1135% | Annual | &nbsp;&nbsp;&nbsp; 5/10/2053 | &nbsp;&nbsp;&nbsp; USD800 | &nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 141 |
| SOFR | Annual | 3.1605% | Annual | &nbsp;&nbsp;&nbsp; 5/19/2053 | &nbsp;&nbsp;&nbsp; USD1,000 | &nbsp;&nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 168 |
| SOFR | Annual | 3.6765% | Annual | &nbsp;&nbsp;&nbsp; 2/20/2054 | &nbsp;&nbsp;&nbsp; USD2,019 | &nbsp;&nbsp;&nbsp; 169 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 169 |
| SOFR | Annual | 3.6815% | Annual | &nbsp;&nbsp;&nbsp; 2/20/2054 | &nbsp;&nbsp;&nbsp; USD1,510 | &nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 125 |
| SOFR | Annual | 3.7205% | Annual | &nbsp;&nbsp;&nbsp; 2/21/2054 | &nbsp;&nbsp;&nbsp; USD520 | &nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40 |
| SOFR | Annual | 3.47875% | Annual | &nbsp;&nbsp;&nbsp; 8/5/2054 | &nbsp;&nbsp;&nbsp; USD4,200 | &nbsp;&nbsp;&nbsp; 492 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 492 |
| SOFR | Annual | 3.415% | Annual | &nbsp;&nbsp;&nbsp; 8/9/2054 | &nbsp;&nbsp;&nbsp; USD3,700 | &nbsp;&nbsp;&nbsp; 473 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 473 |
| 4.13862% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp;&nbsp; USD1,957 | &nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (12)<br>|
| 4.097% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp; 6/17/2056 | &nbsp;&nbsp;&nbsp; USD1,702 | &nbsp;&nbsp;&nbsp; (23)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (23)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; $11931 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $11931 |

---

<sup>(a)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(b)</sup> Amount less than one thousand.

<sup>(c)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $140,672,000, which represented 7.49% of the net assets of the fund. 

<sup>(d)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(e)</sup> Represents securities transacted on a TBA basis.

<sup>(f)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $16,083,000, which represented 0.86% of the net assets of the fund. 

<sup>(g)</sup> Index-linked bond whose principal amount moves with a government price index. 

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| CPI = Consumer Price Index |
| EFFR = Effective Federal Funds Rate |

---

---

| |
|:---|
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **274** |

---

------

Managed Risk Growth Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Growth funds 84.99% | Shares | Value<br> (000)<br>|
| American Funds Insurance Series – Growth Fund, Class 1  | 3046065 | $429678 |
| **Total growth funds** (cost: $297,224,000) |  | 429678 |
| Fixed income funds 10.02% |  |  |
| American Funds Insurance Series – The Bond Fund of America, Class 1  | 5324267 | 50687 |
| **Total fixed income funds** (cost: $50,772,000) |  | 50687 |
| Short-term securities 4.63% |  |  |
| State Street Institutional U.S. Government Money Market Fund - Premier Class 3.74% <sup>(a)</sup>  | 23417711 | 23418 |
| **Total short-term securities** (cost: $23,418,000) |  | 23418 |
| Options purchased (equity style) 0.27% |  |  |
| Options purchased (equity style)\* |  | 1328 |
| **Total options purchased** (cost: $4,348,000) |  | 1328 |
| **Total investment securities 99.91**% (cost: $375,762,000) |  | 505111 |
| Other assets less liabilities 0.09% |  | 468 |
| **Net assets 100.00%** |  | $505579 |

---

**\*Options purchased (equity style)**

------

**Equity index options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD61,610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD4,250.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $31 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4275.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4775.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4775.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1328 |

---

---

| | |
|:---|:---|
| **275** | American Funds Insurance Series |

---

------

Managed Risk Growth Fund (continued)

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| S&P 500 E-mini Index Futures | Long | 46 | 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD15,853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8 |

---

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 84.99%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>Growth Fund, Class 1 <br>| $445562 | &nbsp;&nbsp; $116262 | &nbsp;&nbsp; $180830 | &nbsp;&nbsp; $70206 | &nbsp;&nbsp; $(21522)<br>| &nbsp;&nbsp; $429678 | &nbsp;&nbsp; $1046 | &nbsp;&nbsp; $34295 |
| **Fixed income funds 10.02%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>The Bond Fund of America, Class 1 <br>| 52786 | &nbsp;&nbsp; 41135 | &nbsp;&nbsp; 44622 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 1373 | &nbsp;&nbsp; 50687 | &nbsp;&nbsp; 2246 | &nbsp;&nbsp; — |
| **Total 95.01%** |  |  |  | &nbsp;&nbsp; $70221 | &nbsp;&nbsp; $(20149)<br>| &nbsp;&nbsp; $480365 | &nbsp;&nbsp; $3292 | &nbsp;&nbsp; $34295 |

---

<sup>(a)</sup> Rate represents the seven-day yield at 12/31/2025. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **276** |

---

------

Managed Risk International Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Growth funds 85.00% | Shares | Value<br> (000)<br>|
| American Funds Insurance Series – International Fund, Class 1  | 4316673 | $96391 |
| **Total growth funds** (cost: $68,990,000) |  | 96391 |
| Fixed income funds 9.99% |  |  |
| American Funds Insurance Series – The Bond Fund of America, Class 1  | 1190669 | 11335 |
| **Total fixed income funds** (cost: $11,379,000) |  | 11335 |
| Short-term securities 4.79% |  |  |
| State Street Institutional U.S. Government Money Market Fund - Premier Class 3.74% <sup>(a)</sup>  | 5428105 | 5428 |
| **Total short-term securities** (cost: $5,428,000) |  | 5428 |
| Options purchased (equity style) 0.23% |  |  |
| Options purchased (equity style)\* |  | 267 |
| **Total options purchased** (cost: $774,000) |  | 267 |
| **Total investment securities 100.01**% (cost: $86,571,000) |  | 113421 |
| Other assets less liabilities (0.01)% |  | (17)<br>|
| **Net assets 100.00%** |  | $113404 |

---

**\*Options purchased (equity style)**

------

**Equity index options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD2,401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD65.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137 |
| iShares MSCI EAFE ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $267 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| MSCI EAFE Index Futures | Long | 21 | 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD3,047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13 |

---

---

| | |
|:---|:---|
| **277** | American Funds Insurance Series |

---

------

Managed Risk International Fund (continued)

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 85.00%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>International Fund, Class 1 <br>| $96701 | &nbsp;&nbsp; $11326 | &nbsp;&nbsp; $33601 | &nbsp;&nbsp; $6644 | &nbsp;&nbsp; $15321 | &nbsp;&nbsp; $96391 | &nbsp;&nbsp; $1416 | &nbsp;&nbsp; $— |
| **Fixed income funds 9.99%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>The Bond Fund of America, Class 1 <br>| 11472 | &nbsp;&nbsp; 6653 | &nbsp;&nbsp; 7132 | &nbsp;&nbsp; 89 | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 11335 | &nbsp;&nbsp; 495 | &nbsp;&nbsp; — |
| **Total 94.99%** |  |  |  | &nbsp;&nbsp; $6733 | &nbsp;&nbsp; $15574 | &nbsp;&nbsp; $107726 | &nbsp;&nbsp; $1911 | &nbsp;&nbsp; $— |

---

<sup>(a)</sup> Rate represents the seven-day yield at 12/31/2025. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **278** |

---

------

Managed Risk Washington Mutual Investors Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Growth-and-income funds 85.06% | Shares | Value<br> (000)<br>|
| American Funds Insurance Series – Washington Mutual Investors Fund, Class 1  | 14745796 | $268079 |
| **Total growth-and-income funds** (cost: $198,932,000) |  | 268079 |
| Fixed income funds 10.01% |  |  |
| American Funds Insurance Series – U.S. Government Securities Fund, Class 1  | 3186969 | 31551 |
| **Total fixed income funds** (cost: $31,563,000) |  | 31551 |
| Short-term securities 4.67% |  |  |
| State Street Institutional U.S. Government Money Market Fund - Premier Class 3.74% <sup>(a)</sup>  | 14703653 | 14704 |
| **Total short-term securities** (cost: $14,704,000) |  | 14704 |
| Options purchased (equity style) 0.20% |  |  |
| Options purchased (equity style)\* |  | 647 |
| **Total options purchased** (cost: $2,471,000) |  | 647 |
| **Total investment securities 99.94**% (cost: $247,670,000) |  | 314981 |
| Other assets less liabilities 0.06% |  | 191 |
| **Net assets 100.00%** |  | $315172 |

---

**\*Options purchased (equity style)**

------

**Equity index options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD10,268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD4,175.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4275.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4775.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $647 |

---

---

| | |
|:---|:---|
| **279** | American Funds Insurance Series |

---

------

Managed Risk Washington Mutual Investors Fund (continued)

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| S&P 500 E-mini Index Futures | Long | 24 | 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD8,271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1 |

---

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 85.06%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>Washington Mutual Investors Fund, Class 1 <br>| $273106 | &nbsp;&nbsp; $49141 | &nbsp;&nbsp; $75666 | &nbsp;&nbsp; $17364 | &nbsp;&nbsp; $4134 | &nbsp;&nbsp; $268079 | &nbsp;&nbsp; $4236 | &nbsp;&nbsp; $17905 |
| **Fixed income funds 10.01%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>U.S. Government Securities Fund, Class 1 <br>| 32524 | &nbsp;&nbsp; 16239 | &nbsp;&nbsp; 18298 | &nbsp;&nbsp; (161)<br>| &nbsp;&nbsp; 1247 | &nbsp;&nbsp; 31551 | &nbsp;&nbsp; 1405 | &nbsp;&nbsp; — |
| **Total 95.07%** |  |  |  | &nbsp;&nbsp; $17203 | &nbsp;&nbsp; $5381 | &nbsp;&nbsp; $299630 | &nbsp;&nbsp; $5641 | &nbsp;&nbsp; $17905 |

---

<sup>(a)</sup> Rate represents the seven-day yield at 12/31/2025. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **280** |

---

------

Managed Risk Growth-Income Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Growth-and-income funds 79.67% | Shares | Value<br> (000)<br>|
| American Funds Insurance Series – Growth-Income Fund, Class 1  | 24608461 | $1666731 |
| **Total growth-and-income funds** (cost: $1,348,887,000) |  | 1666731 |
| Fixed income funds 14.99% |  |  |
| American Funds Insurance Series – The Bond Fund of America, Class 1  | 32944468 | 313631 |
| **Total fixed income funds** (cost: $313,629,000) |  | 313631 |
| Short-term securities 4.82% |  |  |
| State Street Institutional U.S. Government Money Market Fund - Premier Class 3.74% <sup>(a)</sup>  | 100972696 | 100973 |
| **Total short-term securities** (cost: $100,973,000) |  | 100973 |
| Options purchased (equity style) 0.34% |  |  |
| Options purchased (equity style)\* |  | 7071 |
| **Total options purchased** (cost: $27,268,000) |  | 7071 |
| **Total investment securities 99.82**% (cost: $1,790,757,000) |  | 2088406 |
| Other assets less liabilities 0.18% |  | 3734 |
| **Net assets 100.00%** |  | $2092140 |

---

**\*Options purchased (equity style)**

------

**Equity index options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD54,764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD4,175.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $27 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1252727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4275.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4425.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4500.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4525.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1697684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1240 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4625.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2442 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 343 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4775.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 321 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7071 |

---

---

| | |
|:---|:---|
| **281** | American Funds Insurance Series |

---

------

Managed Risk Growth-Income Fund (continued)

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| S&P 500 E-mini Index Futures | Long | 255 | 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD87,879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $46 |

---

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 79.67%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>Growth-Income Fund, Class 1 <br>| $1736906 | &nbsp;&nbsp; $440767 | &nbsp;&nbsp; $500363 | &nbsp;&nbsp; $102594 | &nbsp;&nbsp; $(113173)<br>| &nbsp;&nbsp; $1666731 | &nbsp;&nbsp; $18415 | &nbsp;&nbsp; $278792 |
| **Fixed income funds 14.99%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>The Bond Fund of America, Class 1 <br>| 325683 | &nbsp;&nbsp; 143011 | &nbsp;&nbsp; 164543 | &nbsp;&nbsp; 624 | &nbsp;&nbsp; 8856 | &nbsp;&nbsp; 313631 | &nbsp;&nbsp; 13851 | &nbsp;&nbsp; — |
| **Total 94.66%** |  |  |  | &nbsp;&nbsp; $103218 | &nbsp;&nbsp; $(104317)<br>| &nbsp;&nbsp; $1980362 | &nbsp;&nbsp; $32266 | &nbsp;&nbsp; $278792 |

---

<sup>(a)</sup> Rate represents the seven-day yield at 12/31/2025. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **282** |

---

------

Managed Risk Asset Allocation Fund

**Investment portfolio** December 31, 2025

---

| | | |
|:---|:---|:---|
| Asset allocation funds 95.20% | Shares | Value<br> (000)<br>|
| American Funds Insurance Series – Asset Allocation Fund, Class 1  | 51064459 | $1404783 |
| **Total asset allocation funds** (cost: $1,177,798,000) |  | 1404783 |
| Short-term securities 4.77% |  |  |
| State Street Institutional U.S. Government Money Market Fund - Premier Class 3.74% <sup>(a)</sup>  | 70445349 | 70445 |
| **Total short-term securities** (cost: $70,445,000) |  | 70445 |
| Options purchased (equity style) 0.08% |  |  |
| Options purchased (equity style)\* |  | 1217 |
| **Total options purchased** (cost: $3,674,000) |  | 1217 |
| **Total investment securities 100.05**% (cost: $1,251,917,000) |  | 1476445 |
| Other assets less liabilities (0.05)% |  | (743)<br>|
| **Net assets 100.00%** |  | $1475702 |

---

**\*Options purchased (equity style)**

------

**Equity index options** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Put** |  |  |  |  |  |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD263,552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD4,275.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $136 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4850.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4900.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 232747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4700.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 748 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
| S&P 500 Index | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4825.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1217 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 12/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| S&P 500 E-mini Index Futures | Long | 41 | 3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD14,130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8 |

---

---

| | |
|:---|:---|
| **283** | American Funds Insurance Series |

---

------

Managed Risk Asset Allocation Fund (continued)

**Investments in affiliates** <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>12/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Asset allocation funds 95.20%** |  |  |  |  |  |  |  |  |
| American Funds Insurance Series – <br>Asset Allocation Fund, Class 1 <br>| $1923478 | &nbsp;&nbsp; $267997 | &nbsp;&nbsp; $889458 | &nbsp;&nbsp; $39013 | &nbsp;&nbsp; $63753 | &nbsp;&nbsp; $1404783 | &nbsp;&nbsp; $32501 | &nbsp;&nbsp; $127660 |

---

<sup>(a)</sup> Rate represents the seven-day yield at 12/31/2025. <br> <sup>(b)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **284** |

---

------

Financial statements

**Statements of assets and liabilities** at December 31, 2025

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Global** <br>**Growth** <br>**Fund**<br>| **Global** <br>**Small** <br>**Capitalization** <br>**Fund**<br>| **Growth** <br>**Fund**<br>| **International** <br>**Fund**<br>| **New** <br>**World** <br>**Fund**<br>|
| **Assets:** |  |  |  |  |  |
| Investment securities, at value: |  |  |  |  |  |
| Unaffiliated issuers | $8852855 | $2958933 | $53450984 | $7375128 | $4007822 |
| Affiliated issuers | 288884 | 99500 | 1303602 | 122775 | 60900 |
| Cash | 567 | 60 | 709 | 35 | 673 |
| Cash collateral received for securities on loan | 1 | 7659 | 2331 | 2919 | 660 |
| Cash collateral pledged for futures contracts |  |  |  |  |  |
| Cash collateral pledged for swap contracts |  |  |  |  |  |
| Cash denominated in currencies other than U.S. dollars | 524 | 493 | 485 | 1008 | 364 |
| Unrealized appreciation on open forward currency contracts |  |  |  |  | 80 |
| Bilateral swaps, at value |  |  |  |  |  |
| Unrealized appreciation on unfunded commitments\* |  |  |  |  |  |
| Receivables for: |  |  |  |  |  |
| Sales of investments |  | 369 |  | 2909 | 2947 |
| Sales of fund's shares | 1608 | 193 | 20679 | 1289 | 1335 |
| Dividends and interest | 11224 | 3053 | 17315 | 17842 | 8768 |
| Variation margin on futures contracts |  |  |  |  | 5 |
| Variation margin on centrally cleared swap contracts |  |  |  |  |  |
| Variation margin on options (futures style) |  |  |  |  |  |
| Securities lending income | 12 | 119 | 55 | 37 | 1 |
| Other | 476 | 869 | 65 | 1967 | 1037 |
|  | 9156151 | 3071248 | 54796225 | 7525909 | 4084592 |
| **Liabilities:** |  |  |  |  |  |
| Collateral for securities on loan | 1099 | 76585 | 29093 | 29195 | 6603 |
| Unrealized depreciation on open forward currency contracts |  |  |  |  | 78 |
| Bilateral swaps, at value |  |  |  |  |  |
| Options written, at value |  |  |  |  |  |
| Payables for: |  |  |  |  |  |
| Purchases of investments | 1119 | 20443 | 6814 | 631 | 4143 |
| Repurchases of fund's shares | 12524 | 2529 | 54104 | 12427 | 4600 |
| Investment advisory services | 2898 | 1513 | 13966 | 3010 | 1721 |
| Insurance administrative fees | 783 | 255 | 4640 | 360 | 616 |
| Services provided by related parties | 1269 | 541 | 7457 | 1050 | 496 |
| Trustees' deferred compensation | 140 | 73 | 784 | 206 | 64 |
| Variation margin on futures contracts |  |  |  |  | 4 |
| Variation margin on centrally cleared swap contracts |  |  |  |  |  |
| Non-U.S. taxes | 4865 |  | 487 | 26882 |  |
| Other | 108 | 15506 | 98 | 168 | 18899 |
|  | 24805 | 117445 | 117443 | 73929 | 37224 |
| Commitments and contingencies\* |  |  |  |  |  |
| **Net assets at December 31, 2025** | $9131346 | $2953803 | $54678782 | $7451980 | $4047368 |
| **Net assets consist of:** |  |  |  |  |  |
| Capital paid in on shares of beneficial interest | $4669963 | $1914050 | $18377552 | $4482586 | $2226544 |
| Total distributable earnings (accumulated loss) | 4461383 | 1039753 | 36301230 | 2969394 | 1820824 |
| **Net assets at December 31, 2025** | $9131346 | $2953803 | $54678782 | $7451980 | $4047368 |
| Investment securities on loan, at value | $4 | $77998 | $22741 | $32814 | $8183 |
| Investment securities, at cost |  |  |  |  |  |
| Unaffiliated issuers | 5567435 | 2237741 | 21947122 | 4929779 | 2464149 |
| Affiliated issuers | 288846 | 99493 | 1303348 | 122756 | 60891 |
| Cash denominated in currencies other than U.S. dollars, at cost | 524 | 493 | 485 | 1004 | 364 |
| Premiums received on options written |  |  |  |  |  |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **285** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **U.S. Small and** <br> **Mid** <br>**Cap Equity** <br> **Fund**<br>| **Capital** <br>**World Growth** <br>**and Income** <br>**Fund**<br>| **Growth-** <br>**Income** <br>**Fund**<br>| **International** <br>**Growth** <br>**and Income** <br>**Fund**<br>|
| **Assets:** |  |  |  |  |  |
| Investment securities, at value: |  |  |  |  |  |
| Unaffiliated issuers | $11684406 | $97802 | $2056244 | $42116707 | $398386 |
| Affiliated issuers | 272530 | 2963 | 26204 | 1493802 | 5441 |
| Cash | 865 | 75 | 332 | 289 | 57 |
| Cash collateral received for securities on loan | 86 | 94 | 101 |  | 85 |
| Cash collateral pledged for futures contracts |  |  |  |  |  |
| Cash collateral pledged for swap contracts |  |  |  |  |  |
| Cash denominated in currencies other than U.S. dollars | 4 |  | 268 | 1525 | 81 |
| Unrealized appreciation on open forward currency contracts |  |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |  |
| Unrealized appreciation on unfunded commitments\* |  |  |  |  |  |
| Receivables for: |  |  |  |  |  |
| Sales of investments | 14157 | 139 | 4104 | 39606 | 1066 |
| Sales of fund's shares | 4976 | 15 | 505 | 7670 | 270 |
| Dividends and interest | 15199 | 67 | 4247 | 38254 | 1344 |
| Variation margin on futures contracts |  |  |  |  |  |
| Variation margin on centrally cleared swap contracts |  |  |  |  |  |
| Variation margin on options (futures style) |  |  |  |  |  |
| Securities lending income | 2 | 1 | 2 | 63 | 1 |
| Other | 1 |  | 218 | 284 | 50 |
|  | 11992226 | 101156 | 2092225 | 43698200 | 406781 |
| **Liabilities:** |  |  |  |  |  |
| Collateral for securities on loan | 863 | 940 | 1007 |  | 848 |
| Unrealized depreciation on open forward currency contracts |  |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |  |
| Options written, at value |  |  |  |  |  |
| Payables for: |  |  |  |  |  |
| Purchases of investments | 2561 | 445 | 346 | 18633 | 56 |
| Repurchases of fund's shares | 9217 | 93 | 2063 | 34095 | 577 |
| Investment advisory services | 2288 | 39 | 664 | 9209 | 163 |
| Insurance administrative fees | 1448 | 4 | 226 | 2056 | 125 |
| Services provided by related parties | 1458 | 9 | 360 | 4862 | 86 |
| Trustees' deferred compensation | 176 |  | 37 | 782 | 15 |
| Variation margin on futures contracts |  |  |  |  |  |
| Variation margin on centrally cleared swap contracts |  |  |  |  |  |
| Non-U.S. taxes |  |  |  | 1192 | 286 |
| Other | 159 |  | 813 | 60 | 10 |
|  | 18170 | 1530 | 5516 | 70889 | 2166 |
| Commitments and contingencies\* |  |  |  |  |  |
| **Net assets at December 31, 2025** | $11974056 | $99626 | $2086709 | $43627311 | $404615 |
| **Net assets consist of:** |  |  |  |  |  |
| Capital paid in on shares of beneficial interest | $6329907 | $96908 | $1027159 | $19543567 | $280952 |
| Total distributable earnings (accumulated loss) | 5644149 | 2718 | 1059550 | 24083744 | 123663 |
| **Net assets at December 31, 2025** | $11974056 | $99626 | $2086709 | $43627311 | $404615 |
| Investment securities on loan, at value | $842 | $914 | $987 | $— | $893 |
| Investment securities, at cost |  |  |  |  |  |
| Unaffiliated issuers | 7123077 | 94143 | 1176146 | 21385651 | 268828 |
| Affiliated issuers | 272473 | 2962 | 26199 | 1435195 | 5440 |
| Cash denominated in currencies other than U.S. dollars, at cost | 4 |  | 268 | 1525 | 81 |
| Premiums received on options written |  |  |  |  |  |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **286** |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Capital** <br>**Income** <br>**Builder**<br>| <br>**Asset** <br>**Allocation** <br>**Fund**<br>| **American** <br>**Funds** <br>**Global** <br>**Balanced** <br>**Fund**<br>| **The Bond** <br> **Fund** <br>**of America**<br>| **Capital** <br>**World Bond** <br>**Fund**<br>|
| **Assets:** |  |  |  |  |  |
| Investment securities, at value: |  |  |  |  |  |
| Unaffiliated issuers | $1550384 | $25894359 | $419047 | $10789267 | $1345676 |
| Affiliated issuers | 119513 | 1851572 | 32007 | 624236 | 136894 |
| Cash | 338 | 3883 | 241 | 1674 | 425 |
| Cash collateral received for securities on loan | 1157 | 2069 |  |  |  |
| Cash collateral pledged for futures contracts |  |  |  |  |  |
| Cash collateral pledged for swap contracts |  |  |  |  |  |
| Cash denominated in currencies other than U.S. dollars | 175 | 2 | 92 | 3 | 9 |
| Unrealized appreciation on open forward currency contracts |  |  | 229 | 386 | 2812 |
| Bilateral swaps, at value |  |  | 38 | 2015 | 136 |
| Unrealized appreciation on unfunded commitments\* |  | 3 |  |  |  |
| Receivables for: |  |  |  |  |  |
| Sales of investments | 2897 | 251377 | 1442 | 55805 | 9996 |
| Sales of fund's shares | 582 | 3662 | 129 | 5946 | 534 |
| Dividends and interest | 5640 | 79619 | 2033 | 83388 | 15248 |
| Variation margin on futures contracts | 12 | 347 | 14 | 507 | 219 |
| Variation margin on centrally cleared swap contracts | 17 | 1189 | 18 | 1920 | 301 |
| Variation margin on options (futures style) |  |  | 1 |  | 7 |
| Securities lending income | 8 | 78 | — <br><sup>†</sup><br>|  |  |
| Other | 137 | 808 | 36 | 22 | 141 |
|  | 1680860 | 28088968 | 455327 | 11565169 | 1512398 |
| **Liabilities:** |  |  |  |  |  |
| Collateral for securities on loan | 11565 | 20974 |  |  |  |
| Unrealized depreciation on open forward currency contracts |  |  | 281 | 420 | 1842 |
| Bilateral swaps, at value |  |  | 44 | 3943 | 2695 |
| Options written, at value |  |  |  |  |  |
| Payables for: |  |  |  |  |  |
| Purchases of investments | 5451 | 345093 | 3655 | 184956 | 25455 |
| Repurchases of fund's shares | 1782 | 30592 | 278 | 11524 | 1109 |
| Investment advisory services | 319 | 6211 | 163 | 1951 | 541 |
| Insurance administrative fees | 488 | 4502 | 126 | 1059 | 68 |
| Services provided by related parties | 208 | 3158 | 84 | 1171 | 218 |
| Trustees' deferred compensation | 18 | 482 | 7 | 199 | 34 |
| Variation margin on futures contracts | 101 | 2093 | 28 | 3584 | 382 |
| Variation margin on centrally cleared swap contracts | 1 | 48 | 5 | 350 | 154 |
| Non-U.S. taxes | 539 |  | 185 | — <br><sup>†</sup><br>| 68 |
| Other | 12 | 775 | 4 | (14)<br>| 62 |
|  | 20484 | 413928 | 4860 | 209143 | 32628 |
| Commitments and contingencies\* |  |  |  |  |  |
| **Net assets at December 31, 2025** | $1660376 | $27675040 | $450467 | $11356026 | $1479770 |
| **Net assets consist of:** |  |  |  |  |  |
| Capital paid in on shares of beneficial interest | $1167067 | $16736971 | $339716 | $12855120 | $1705259 |
| Total distributable earnings (accumulated loss) | 493309 | 10938069 | 110751 | (1499094)<br>| (225489)<br>|
| **Net assets at December 31, 2025** | $1660376 | $27675040 | $450467 | $11356026 | $1479770 |
| Investment securities on loan, at value | $11011 | $19953 | $— | $— | $— |
| Investment securities, at cost |  |  |  |  |  |
| Unaffiliated issuers | 1124145 | 17944427 | 335829 | 10859512 | 1379551 |
| Affiliated issuers | 122247 | 1869376 | 31719 | 624125 | 135130 |
| Cash denominated in currencies other than U.S. dollars, at cost | 175 | 2 | 91 | 1 | 9 |
| Premiums received on options written |  |  |  |  |  |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **287** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **American** <br>**High-Income** <br>**Trust**<br>| **American** <br> **Funds** <br>**Mortgage** <br> **Fund**<br>| **Ultra-Short** <br>**Bond Fund**<br>| **U.S.** <br>**Government** <br>**Securities** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth** <br>**Fund**<br>|
| **Assets:** |  |  |  |  |  |
| Investment securities, at value: |  |  |  |  |  |
| Unaffiliated issuers | $988979 | $133040 | $308498 | $1919270 | $24746 |
| Affiliated issuers | 35092 |  |  |  | 480365 |
| Cash | 846 | 152 | 101 | 2915 |  |
| Cash collateral received for securities on loan |  |  |  |  |  |
| Cash collateral pledged for futures contracts | 220 |  |  |  | 1030 |
| Cash collateral pledged for swap contracts | 1311 |  |  |  |  |
| Cash denominated in currencies other than U.S. dollars |  |  |  |  |  |
| Unrealized appreciation on open forward currency contracts |  |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |  |
| Unrealized appreciation on unfunded commitments\* | 1 |  |  |  |  |
| Receivables for: |  |  |  |  |  |
| Sales of investments | 104 | 7819 |  | 40517 | 993 |
| Sales of fund's shares | 433 | 167 | 89 | 2376 |  |
| Dividends and interest | 16339 | 474 |  | 10972 | 82 |
| Variation margin on futures contracts | 4 | 4 |  | 271 | 207 |
| Variation margin on centrally cleared swap contracts | 13 | 8 |  | 562 |  |
| Variation margin on options (futures style) |  |  |  |  |  |
| Securities lending income |  |  |  |  |  |
| Other | 3 |  |  |  |  |
|  | 1043345 | 141664 | 308688 | 1976883 | 507423 |
| **Liabilities:** |  |  |  |  |  |
| Collateral for securities on loan |  |  |  |  |  |
| Unrealized depreciation on open forward currency contracts |  |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |  |
| Options written, at value |  |  |  | 81 |  |
| Payables for: |  |  |  |  |  |
| Purchases of investments | 2414 | 15929 |  | 94081 |  |
| Repurchases of fund's shares | 1678 | 16 | 930 | 3012 | 1044 |
| Investment advisory services | 250 | 24 | 68 | 342 | 43 |
| Insurance administrative fees | 147 | 41 | 35 | 341 | 321 |
| Services provided by related parties | 191 | 25 | 66 | 328 | 103 |
| Trustees' deferred compensation | 34 | 4 | 12 | 51 | 7 |
| Variation margin on futures contracts | 15 | 58 |  | 978 | 326 |
| Variation margin on centrally cleared swap contracts | 6 | — <br><sup>†</sup><br>|  | 320 |  |
| Non-U.S. taxes |  |  |  |  |  |
| Other | 1 | — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| 1 |  |
|  | 4736 | 16097 | 1111 | 99535 | 1844 |
| Commitments and contingencies\* |  |  |  |  |  |
| **Net assets at December 31, 2025** | $1038609 | $125567 | $307577 | $1877348 | $505579 |
| **Net assets consist of:** |  |  |  |  |  |
| Capital paid in on shares of beneficial interest | $1332439 | $136386 | $305626 | $2132934 | $389009 |
| Total distributable earnings (accumulated loss) | (293830)<br>| (10819)<br>| 1951 | (255586)<br>| 116570 |
| **Net assets at December 31, 2025** | $1038609 | $125567 | $307577 | $1877348 | $505579 |
| Investment securities on loan, at value | $— | $— | $— | $— | $— |
| Investment securities, at cost |  |  |  |  |  |
| Unaffiliated issuers | 962603 | 132611 | 308476 | 1941770 | 27766 |
| Affiliated issuers | 35085 |  |  |  | 347996 |
| Cash denominated in currencies other than U.S. dollars, at cost |  |  |  |  |  |
| Premiums received on options written |  |  |  | 102 |  |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **288** |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Managed** <br>**Risk** <br>**International** <br>**Fund**<br>| **Managed Risk** <br>**Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth-** <br>**Income** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| **Assets:** |  |  |  |  |
| Investment securities, at value: |  |  |  |  |
| Unaffiliated issuers | $5695 | $15351 | $108044 | $71662 |
| Affiliated issuers | 107726 | 299630 | 1980362 | 1404783 |
| Cash |  |  |  |  |
| Cash collateral received for securities on loan |  |  |  |  |
| Cash collateral pledged for futures contracts | 92 | 537 | 5713 | 918 |
| Cash collateral pledged for swap contracts |  |  |  |  |
| Cash denominated in currencies other than U.S. dollars |  |  |  |  |
| Unrealized appreciation on open forward currency contracts |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |
| Unrealized appreciation on unfunded commitments\* |  |  |  |  |
| Receivables for: |  |  |  |  |
| Sales of investments | 79 | 760 | 1611 | 4751 |
| Sales of fund's shares |  | 5 | 139 | 227 |
| Dividends and interest | 19 | 52 | 353 | 250 |
| Variation margin on futures contracts | 231 |  |  |  |
| Variation margin on centrally cleared swap contracts |  |  |  |  |
| Variation margin on options (futures style) |  |  |  |  |
| Securities lending income |  |  |  |  |
| Other |  |  |  |  |
|  | 113842 | 316335 | 2096222 | 1482591 |
| **Liabilities:** |  |  |  |  |
| Collateral for securities on loan |  |  |  |  |
| Unrealized depreciation on open forward currency contracts |  |  |  |  |
| Bilateral swaps, at value |  |  |  |  |
| Options written, at value |  |  |  |  |
| Payables for: |  |  |  |  |
| Purchases of investments |  |  |  |  |
| Repurchases of fund's shares | 83 | 805 | 1835 | 5228 |
| Investment advisory services | 9 | 27 | 179 | 126 |
| Insurance administrative fees | 72 | 199 | 1324 | 1074 |
| Services provided by related parties | 24 | 65 | 54 | 314 |
| Trustees' deferred compensation | 2 | 5 | 30 | 41 |
| Variation margin on futures contracts | 248 | 62 | 660 | 106 |
| Variation margin on centrally cleared swap contracts |  |  |  |  |
| Non-U.S. taxes |  |  |  |  |
| Other |  |  |  |  |
|  | 438 | 1163 | 4082 | 6889 |
| Commitments and contingencies\* |  |  |  |  |
| **Net assets at December 31, 2025** | $113404 | $315172 | $2092140 | $1475702 |
| **Net assets consist of:** |  |  |  |  |
| Capital paid in on shares of beneficial interest | $126483 | $268118 | $1532154 | $1152802 |
| Total distributable earnings (accumulated loss) | (13079)<br>| 47054 | 559986 | 322900 |
| **Net assets at December 31, 2025** | $113404 | $315172 | $2092140 | $1475702 |
| Investment securities on loan, at value | $— | $— | $— | $— |
| Investment securities, at cost |  |  |  |  |
| Unaffiliated issuers | 6202 | 17175 | 128241 | 74119 |
| Affiliated issuers | 80369 | 230495 | 1662516 | 1177798 |
| Cash denominated in currencies other than U.S. dollars, at cost |  |  |  |  |
| Premiums received on options written |  |  |  |  |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **289** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars and shares in thousands, except per-share amounts)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Global** <br>**Growth** <br>**Fund**<br>| **Global** <br>**Small** <br>**Capitalization** <br>**Fund**<br>| **Growth** <br>**Fund**<br>| **International** <br>**Fund**<br>| **New** <br>**World** <br>**Fund**<br>|
| Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized | Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized |  |  |  |  |  |
| **Class 1:** | Net assets | $4114734 | $784210 | $25167887 | $3364413 | $2103702 |
|  | Shares outstanding | 106085 | 38604 | 178424 | 150645 | 64791 |
|  | Net asset value per share | $38.79 | $20.31 | $141.06 | $22.33 | $32.47 |
| **Class 1A:** | Net assets | $65911 | $6412 | $458187 | $16600 | $31750 |
|  | Shares outstanding | 1713 | 321 | 3292 | 748 | 984 |
|  | Net asset value per share | $38.47 | $19.99 | $139.18 | $22.20 | $32.25 |
| **Class 2:** | Net assets | $3725188 | $1756619 | $21575396 | $3480776 | $940783 |
|  | Shares outstanding | 97736 | 92263 | 155446 | 156678 | 29375 |
|  | Net asset value per share | $38.11 | $19.04 | $138.80 | $22.22 | $32.03 |
| **Class 3:** | Net assets |  |  | $293095 | $16386 |  |
|  | Shares outstanding | Not applicable | Not applicable | 2055 | 731 | Not applicable |
|  | Net asset value per share |  |  | $142.60 | $22.41 |  |
| **Class 4:** | Net assets | $1225513 | $406562 | $7184217 | $573805 | $971133 |
|  | Shares outstanding | 32637 | 21428 | 53458 | 26284 | 30626 |
|  | Net asset value per share | $37.55 | $18.97 | $134.39 | $21.83 | $31.71 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **U.S. Small and** <br> **Mid** <br>**Cap Equity** <br> **Fund**<br>| **Capital** <br>**World Growth** <br>**and Income** <br>**Fund**<br>| **Growth-** <br>**Income** <br>**Fund**<br>| **International** <br>**Growth** <br>**and Income** <br>**Fund**<br>|
| Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized | Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized |  |  |  |  |  |
| **Class 1:** | Net assets | $6434903 | $88135 | $621489 | $25779841 | $34897 |
|  | Shares outstanding | 353902 | 7861 | 33710 | 380653 | 2587 |
|  | Net asset value per share | $18.18 | $11.21 | $18.44 | $67.73 | $13.49 |
| **Class 1A:** | Net assets | $37706 | $11 | $11968 | $54369 | $9107 |
|  | Shares outstanding | 2085 | 1 | 654 | 810 | 696 |
|  | Net asset value per share | $18.09 | $11.21 | $18.31 | $67.11 | $13.09 |
| **Class 2:** | Net assets | $3148146 | $11 | $1090396 | $14357484 | $171727 |
|  | Shares outstanding | 176947 | 1 | 59340 | 216610 | 13110 |
|  | Net asset value per share | $17.79 | $11.21 | $18.38 | $66.28 | $13.10 |
| **Class 3:** | Net assets |  |  |  | $162563 |  |
|  | Shares outstanding | Not applicable | Not applicable | Not applicable | 2394 | Not applicable |
|  | Net asset value per share |  |  |  | $67.91 |  |
| **Class 4:** | Net assets | $2353301 | $11469 | $362856 | $3273054 | $188884 |
|  | Shares outstanding | 134090 | 1022 | 20329 | 50535 | 14678 |
|  | Net asset value per share | $17.55 | $11.22 | $17.85 | $64.77 | $12.87 |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **290** |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars and shares in thousands, except per-share amounts)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Capital** <br>**Income** <br>**Builder**<br>| <br>**Asset** <br>**Allocation** <br>**Fund**<br>| **American** <br>**Funds** <br>**Global** <br>**Balanced** <br>**Fund**<br>| **The Bond** <br> **Fund** <br>**of America**<br>| **Capital** <br>**World Bond** <br>**Fund**<br>|
| Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized | Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized |  |  |  |  |  |
| **Class 1:** | Net assets | $840977 | $15918554 | $96748 | $6909118 | $610786 |
|  | Shares outstanding | 58024 | 578698 | 6712 | 725503 | 59749 |
|  | Net asset value per share | $14.49 | $27.51 | $14.41 | $9.52 | $10.22 |
| **Class 1A:** | Net assets | $15288 | $55856 | $4557 | $296525 | $29723 |
|  | Shares outstanding | 1056 | 2045 | 318 | 31383 | 2935 |
|  | Net asset value per share | $14.48 | $27.31 | $14.31 | $9.45 | $10.13 |
| **Class 2:** | Net assets | $22737 | $4401467 | $147446 | $2723868 | $758385 |
|  | Shares outstanding | 1570 | 162734 | 10287 | 290775 | 75051 |
|  | Net asset value per share | $14.48 | $27.05 | $14.33 | $9.37 | $10.10 |
| **Class 3:** | Net assets |  | $35405 |  |  |  |
|  | Shares outstanding | Not applicable | 1285 | Not applicable | Not applicable | Not applicable |
|  | Net asset value per share |  | $27.55 |  |  |  |
| **Class 4:** | Net assets | $781374 | $7263758 | $201716 | $1426515 | $80876 |
|  | Shares outstanding | 54053 | 271330 | 14349 | 153303 | 8144 |
|  | Net asset value per share | $14.46 | $26.77 | $14.06 | $9.31 | $9.93 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **American** <br>**High-Income** <br>**Trust**<br>| **American** <br> **Funds** <br>**Mortgage** <br> **Fund**<br>| **Ultra-Short** <br>**Bond Fund**<br>| **U.S.** <br>**Government** <br>**Securities** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth** <br>**Fund**<br>|
| Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized | Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized |  |  |  |  |  |
| **Class 1:** | Net assets | $254585 | $18615 | $35747 | $261446 |  |
|  | Shares outstanding | 27282 | 1968 | 3170 | 26415 | Not applicable |
|  | Net asset value per share | $9.33 | $9.46 | $11.28 | $9.90 |  |
| **Class 1A:** | Net assets | $7747 | $3305 | $130 | $299685 |  |
|  | Shares outstanding | 835 | 355 | 11 | 30461 | Not applicable |
|  | Net asset value per share | $9.27 | $9.32 | $11.28 | $9.84 |  |
| **Class 2:** | Net assets | $533026 | $40771 | $214848 | $1056315 |  |
|  | Shares outstanding | 58703 | 4360 | 19752 | 108255 | Not applicable |
|  | Net asset value per share | $9.08 | $9.35 | $10.88 | $9.76 |  |
| **Class 3:** | Net assets | $7898 |  | $3534 | $4943 |  |
|  | Shares outstanding | 841 | Not applicable | 320 | 498 | Not applicable |
|  | Net asset value per share | $9.39 |  | $11.03 | $9.93 |  |
| **Class 4:** | Net assets | $235353 | $62876 | $53318 | $254959 |  |
|  | Shares outstanding | 22906 | 6824 | 4866 | 26181 | Not applicable |
|  | Net asset value per share | $10.27 | $9.21 | $10.96 | $9.74 |  |
| **Class P1:** | Net assets |  |  |  |  | $14278 |
|  | Shares outstanding | Not applicable | Not applicable | Not applicable | Not applicable | 1001 |
|  | Net asset value per share |  |  |  |  | $14.26 |
| **Class P2:** | Net assets |  |  |  |  | $491301 |
|  | Shares outstanding | Not applicable | Not applicable | Not applicable | Not applicable | 34806 |
|  | Net asset value per share |  |  |  |  | $14.12 |

---

Refer to the end of the statements of assets and liabilities for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **291** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of assets and liabilities** at December 31, 2025 (continued)

(dollars and shares in thousands, except per-share amounts)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Managed** <br>**Risk** <br>**International** <br>**Fund**<br>| **Managed Risk** <br>**Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth-** <br>**Income** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized | Shares of beneficial interest issued and outstanding <br>(no stated par value) — unlimited shares authorized |  |  |  |  |
| **Class P1:** | Net assets | $2047 | $2840 | $1834093 | $12565 |
|  | Shares outstanding | 219 | 222 | 122227 | 934 |
|  | Net asset value per share | $9.34 | $12.77 | $15.01 | $13.46 |
| **Class P2:** | Net assets | $111356 | $312332 | $258047 | $1463137 |
|  | Shares outstanding | 11989 | 24621 | 17322 | 112531 |
|  | Net asset value per share | $9.29 | $12.69 | $14.90 | $13.00 |

---

\*

Refer to Note 5 for further information on unfunded commitments.

<sup>†</sup>

Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **292** |

---

------

Financial statements (continued)

**Statements of operations** for the year ended December 31, 2025

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Global** <br>**Growth** <br>**Fund**<br>| **Global** <br>**Small** <br>**Capitalization** <br>**Fund**<br>| **Growth** <br>**Fund**<br>| **International** <br>**Fund**<br>| **New** <br>**World** <br>**Fund**<br>|
| **Investment income:** |  |  |  |  |  |
| Income (net of non-U.S. taxes\*): |  |  |  |  |  |
| Dividends: |  |  |  |  |  |
| Unaffiliated issuers | $121415 | $38161 | $254446 | $152648 | $65878 |
| Affiliated issuers | 12461 | 4646 | 51607 | 11400 | 5504 |
|  | 133876 | 42807 | 306053 | 164048 | 71382 |
| Interest from unaffiliated issuers | 668 | 435 | 63 | 912 | 10731 |
| Securities lending income (net of fees) | 72 | 516 | 588 | 99 | 54 |
|  | 134616 | 43758 | 306704 | 165059 | 82167 |
| Fees and expenses\*: |  |  |  |  |  |
| Investment advisory services | 40161 | 19042 | 152106 | 34101 | 21211 |
| Distribution services | 11631 | 5205 | 67395 | 9726 | 4307 |
| Insurance administrative services | 2751 | 902 | 16193 | 1291 | 2255 |
| Transfer agent services | 2 | 1 | 11 | 2 | 1 |
| Administrative services | 2537 | 883 | 15100 | 2140 | 1103 |
| Accounting and administrative services |  |  |  |  |  |
| Reports to shareholders | 86 | 51 | 478 | 63 | 27 |
| Registration statement and prospectus | 43 | 26 | 278 | 53 | 20 |
| Trustees' compensation | 42 | 15 | 249 | 35 | 18 |
| Auditing and legal | 113 | 145 | 123 | 157 | 143 |
| Custodian | 851 | 399 | 738 | 1018 | 1231 |
| Other | 5 | 35 | 28 | 5 | 42 |
| Total fees and expenses before waivers and/or reimbursements | 58222 | 26704 | 252699 | 48591 | 30358 |
| Less waivers and/or reimbursements of fees and expenses: |  |  |  |  |  |
| Investment advisory services waivers | 8716 | 1377 | 1 |  | 2573 |
| Miscellaneous fee reimbursement |  |  |  |  |  |
| Total waivers and/or reimbursements of fees and expenses | 8716 | 1377 | 1 |  | 2573 |
| Total fees and expenses after waivers and/or reimbursements | 49506 | 25327 | 252698 | 48591 | 27785 |
| Net investment income | 85110 | 18431 | 54006 | 116468 | 54382 |
| **Net realized gain (loss) and unrealized appreciation** <br> **(depreciation):**<br>|  |  |  |  |  |
| Net realized gain (loss)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 1235883 | 353523 | 4845744 | 747952 | 300988 |
| Affiliated issuers | (82)<br>| 2186 | 66 | (57)<br>| 11 |
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  |  |  |  |  |
| Futures contracts |  |  |  |  | 177 |
| Forward currency contracts |  |  |  |  | (497)<br>|
| Swap contracts |  |  |  |  | (88)<br>|
| Currency transactions | (1518)<br>| 42 | 219 | 3403 | (403)<br>|
| Capital gain distributions received from affiliated issuers |  |  |  |  |  |
|  | 1234283 | 355751 | 4846029 | 751298 | 300188 |
| Net unrealized appreciation (depreciation)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 365551 | 48245 | 4566279 | 841691 | 562176 |
| Affiliated issuers | (14)<br>| (12785)<br>| 56 | (26)<br>| (8)<br>|
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  |  |  |  |  |
| Futures contracts |  |  |  |  | (4)<br>|
| Forward currency contracts |  |  |  |  | (78)<br>|
| Swap contracts |  |  |  |  | 104 |
| Currency translations | 554 | 893 | 111 | 2323 | 1194 |
|  | 366091 | 36353 | 4566446 | 843988 | 563384 |
| Net realized gain (loss) and unrealized appreciation <br>(depreciation)<br>| 1600374 | 392104 | 9412475 | 1595286 | 863572 |
| **Net increase (decrease) in net assets resulting from operations** | $1685484 | $410535 | $9466481 | $1711754 | $917954 |

---

Refer to the end of the statements of operations for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **293** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of operations** for the year ended December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **U.S. Small** <br>**and Mid** <br>**Cap Equity** <br>**Fund**<br>| **Capital** <br>**World Growth** <br>**and Income** <br>**Fund**<br>| **Growth-** <br>**Income** <br>**Fund**<br>| **International** <br>**Growth** <br>**and Income** <br>**Fund**<br>|
| **Investment income:** |  |  |  |  |  |
| Income (net of non-U.S. taxes\*): |  |  |  |  |  |
| Dividends: |  |  |  |  |  |
| Unaffiliated issuers | $207376 | $586 | $38665 | $541729 | $11690 |
| Affiliated issuers | 13883 | 60 | 2805 | 66629 | 489 |
|  | 221259 | 646 | 41470 | 608358 | 12179 |
| Interest from unaffiliated issuers | 22 | 2 | 164 | 148 | 111 |
| Securities lending income (net of fees) | 151 | 6 | 17 | 137 | 9 |
|  | 221432 | 654 | 41651 | 608643 | 12299 |
| Fees and expenses\*: |  |  |  |  |  |
| Investment advisory services | 43009 | 216 | 9356 | 104279 | 1811 |
| Distribution services | 12726 | 9 | 3383 | 42505 | 860 |
| Insurance administrative services | 5166 | 8 | 801 | 7505 | 475 |
| Transfer agent services | 3 |  | — <br><sup>†</sup><br>| 9 | — <br><sup>†</sup><br>|
| Administrative services | 3450 | 15 | 591 | 12580 | 114 |
| Accounting and administrative services |  |  |  |  |  |
| Reports to shareholders | 52 | 4 | 14 | 390 | 9 |
| Registration statement and prospectus | 38 | 3 | 10 | 217 | 5 |
| Trustees' compensation | 57 | — <br><sup>†</sup><br>| 10 | 207 | 2 |
| Auditing and legal | 77 | 59 | 82 | 109 | 105 |
| Custodian | 248 | — <br><sup>†</sup><br>| 161 | 349 | 86 |
| Other | 6 | — <br><sup>†</sup><br>| 2 | 25 | 1 |
| Total fees and expenses before waivers and/or reimbursements | 64832 | 314 | 14410 | 168175 | 3468 |
| Less waivers and/or reimbursements of fees and expenses: |  |  |  |  |  |
| Investment advisory services waivers | 16888 |  | 1970 |  |  |
| Miscellaneous fee reimbursement |  | 38 |  |  |  |
| Total waivers and/or reimbursements of fees and expenses | 16888 | 38 | 1970 |  |  |
| Total fees and expenses after waivers and/or reimbursements | 47944 | 276 | 12440 | 168175 | 3468 |
| Net investment income | 173488 | 378 | 29211 | 440468 | 8831 |
| **Net realized gain (loss) and unrealized appreciation** <br> **(depreciation):**<br>|  |  |  |  |  |
| Net realized gain (loss)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 1056433 | (942)<br>| 183640 | 3158953 | 21094 |
| Affiliated issuers | (10)<br>| — <br><sup>†</sup><br>| 5 | 6384 | 1 |
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  |  |  |  |  |
| Futures contracts |  |  |  |  |  |
| Forward currency contracts |  |  |  |  | (18)<br>|
| Swap contracts |  |  |  |  |  |
| Currency transactions | (19)<br>|  | 162 | (1431)<br>| (12)<br>|
| Capital gain distributions received from affiliated issuers |  |  |  |  |  |
|  | 1056404 | (942)<br>| 183807 | 3163906 | 21065 |
| Net unrealized appreciation (depreciation)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 614865 | 4098 | 226913 | 3625006 | 82799 |
| Affiliated issuers | (30)<br>| — <br><sup>†</sup><br>| (4)<br>| (128689)<br>| (3)<br>|
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  |  |  |  |  |
| Futures contracts |  |  |  |  |  |
| Forward currency contracts |  |  |  |  | (10)<br>|
| Swap contracts |  |  |  |  |  |
| Currency translations | 8 |  | 206 | 541 | 94 |
|  | 614843 | 4098 | 227115 | 3496858 | 82880 |
| Net realized gain (loss) and unrealized appreciation <br>(depreciation)<br>| 1671247 | 3156 | 410922 | 6660764 | 103945 |
| **Net increase (decrease) in net assets resulting from operations** | $1844735 | $3534 | $440133 | $7101232 | $112776 |

---

Refer to the end of the statements of operations for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **294** |

---

------

Financial statements (continued)

**Statements of operations** for the year ended December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Capital** <br>**Income** <br>**Builder**<br>| **Asset** <br>**Allocation** <br>**Fund**<br>| **American** <br> **Funds** <br>**Global** <br>**Balanced** <br>**Fund**<br>| **The Bond** <br> **Fund** <br>**of America**<br>| **Capital** <br>**World Bond** <br>**Fund**<br>|
| **Investment income:** |  |  |  |  |  |
| Income (net of non-U.S. taxes\*): |  |  |  |  |  |
| Dividends: |  |  |  |  |  |
| Unaffiliated issuers | $38765 | $218666 | $6265 | $4 | $89 |
| Affiliated issuers | 5736 | 108867 | 1353 | 32185 | 4626 |
|  | 44501 | 327533 | 7618 | 32189 | 4715 |
| Interest from unaffiliated issuers | 9967 | 362329 | 5490 | 502412 | 62140 |
| Securities lending income (net of fees) | 41 | 290 | 3 |  |  |
|  | 54509 | 690152 | 13111 | 534601 | 66855 |
| Fees and expenses\*: |  |  |  |  |  |
| Investment advisory services | 5458 | 72026 | 1870 | 39384 | 6326 |
| Distribution services | 1836 | 28081 | 799 | 10077 | 2069 |
| Insurance administrative services | 1820 | 17303 | 438 | 3890 | 257 |
| Transfer agent services | — <br><sup>†</sup><br>| 6 | — <br><sup>†</sup><br>| 2 | — <br><sup>†</sup><br>|
| Administrative services | 458 | 8176 | 126 | 3357 | 440 |
| Accounting and administrative services |  |  |  |  |  |
| Reports to shareholders | 11 | 150 | 9 | 101 | 16 |
| Registration statement and prospectus | 11 | 121 | 5 | 88 | 10 |
| Trustees' compensation | 8 | 134 | 2 | 54 | 7 |
| Auditing and legal | 104 | 111 | 85 | 66 | 72 |
| Custodian | 104 | 224 | 107 | 141 | 236 |
| Other | 1 | 19 | — <br><sup>†</sup><br>| 7 | 2 |
| Total fees and expenses before waivers and/or reimbursements | 9811 | 126351 | 3441 | 57167 | 9435 |
| Less waivers and/or reimbursements of fees and expenses: |  |  |  |  |  |
| Investment advisory services waivers | 1987 |  | 71 | 16783 |  |
| Miscellaneous fee reimbursement |  |  |  |  |  |
| Total waivers and/or reimbursements of fees and expenses | 1987 |  | 71 | 16783 |  |
| Total fees and expenses after waivers and/or reimbursements | 7824 | 126351 | 3370 | 40384 | 9435 |
| Net investment income | 46685 | 563801 | 9741 | 494217 | 57420 |
| **Net realized gain (loss) and unrealized appreciation** <br> **(depreciation):**<br>|  |  |  |  |  |
| Net realized gain (loss)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 62600 | 3027901 | 26945 | 17102 | (13024)<br>|
| Affiliated issuers | 16 | (136545)<br>| (2)<br>| 284 | (6)<br>|
| Options purchased (futures style) |  |  | (67)<br>|  | (586)<br>|
| Options written |  |  | 41 |  | 423 |
| Futures contracts | 1420 | 28857 | 469 | 21847 | 7420 |
| Forward currency contracts | 13 |  | (3684)<br>| (9144)<br>| (2268)<br>|
| Swap contracts | 147 | (1718)<br>| (169)<br>| 143 | (828)<br>|
| Currency transactions | (86)<br>| (392)<br>| (50)<br>| 49 | (96)<br>|
| Capital gain distributions received from affiliated issuers |  |  |  |  |  |
|  | 64110 | 2918103 | 23483 | 30281 | (8965)<br>|
| Net unrealized appreciation (depreciation)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 169327 | 396525 | 31781 | 242048 | 74949 |
| Affiliated issuers | 789 | 154231 | 104 | (182)<br>| 561 |
| Options purchased (futures style) |  |  | — <br><sup>†</sup><br>|  | — <br><sup>†</sup><br>|
| Options written |  |  | 4 |  | 88 |
| Futures contracts | 699 | (1220)<br>| 224 | 21668 | 1912 |
| Forward currency contracts |  |  | 130 | (1861)<br>| 1027 |
| Swap contracts | (213)<br>| 3084 | 389 | 9256 | 3722 |
| Currency translations | 141 | 379 | 71 | 93 | 429 |
|  | 170743 | 552999 | 32703 | 271022 | 82688 |
| Net realized gain (loss) and unrealized appreciation <br>(depreciation)<br>| 234853 | 3471102 | 56186 | 301303 | 73723 |
| **Net increase (decrease) in net assets resulting from operations** | $281538 | $4034903 | $65927 | $795520 | $131143 |

---

Refer to the end of the statements of operations for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **295** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of operations** for the year ended December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **American** <br>**High-Income** <br>**Trust**<br>| **American** <br> **Funds** <br>**Mortgage** <br> **Fund**<br>| **Ultra-Short** <br>**Bond Fund**<br>| **U.S.** <br>**Government** <br>**Securities** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth** <br>**Fund**<br>|
| **Investment income:** |  |  |  |  |  |
| Income (net of non-U.S. taxes\*): |  |  |  |  |  |
| Dividends: |  |  |  |  |  |
| Unaffiliated issuers | $1002 | $— | $— <br><sup>†</sup><br>| $— | $918 |
| Affiliated issuers | 1878 |  |  |  | 3292 |
|  | 2880 |  |  |  | 4210 |
| Interest from unaffiliated issuers | 67851 | 6102 | 14226 | 84744 |  |
| Securities lending income (net of fees) |  |  |  |  |  |
|  | 70731 | 6102 | 14226 | 84744 | 4210 |
| Fees and expenses\*: |  |  |  |  |  |
| Investment advisory services | 4001 | 349 | 846 | 5429 | 594 |
| Distribution services | 1850 | 244 | 732 | 3216 | 1243 |
| Insurance administrative services | 508 | 148 | 156 | 1312 | 1277 |
| Transfer agent services | — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Administrative services | 297 | 36 | 99 | 552 |  |
| Accounting and administrative services |  |  |  |  | 65 |
| Reports to shareholders | 12 | 8 | 9 | 16 |  |
| Registration statement and prospectus | 8 | 1 | 2 | 10 | 10 |
| Trustees' compensation | 4 | — <br><sup>†</sup><br>| 2 | 9 | 3 |
| Auditing and legal | 89 | 52 | 50 | 56 | 9 |
| Custodian | 21 | 15 | 1 | 34 | 6 |
| Other | 14 | — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| 1 | — <br><sup>†</sup><br>|
| Total fees and expenses before waivers and/or reimbursements | 6804 | 853 | 1897 | 10635 | 3207 |
| Less waivers and/or reimbursements of fees and expenses: |  |  |  |  |  |
| Investment advisory services waivers | 1188 | 87 |  | 1412 | 83 |
| Miscellaneous fee reimbursement |  |  |  |  |  |
| Total waivers and/or reimbursements of fees and expenses | 1188 | 87 |  | 1412 | 83 |
| Total fees and expenses after waivers and/or reimbursements | 5616 | 766 | 1897 | 9223 | 3124 |
| Net investment income | 65115 | 5336 | 12329 | 75521 | 1086 |
| **Net realized gain (loss) and unrealized appreciation** <br> **(depreciation):**<br>|  |  |  |  |  |
| Net realized gain (loss)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | (831)<br>| 421 | — <br><sup>†</sup><br>| 2163 | (4185)<br>|
| Affiliated issuers | — <br><sup>†</sup><br>|  |  |  | 70221 |
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  | 1 |  | 27 |  |
| Futures contracts | 293 | 1057 |  | 18297 | (13362)<br>|
| Forward currency contracts |  |  |  |  |  |
| Swap contracts | (917)<br>| 27 |  | 4094 |  |
| Currency transactions | 5 |  |  | — <br><sup>†</sup><br>| 154 |
| Capital gain distributions received from affiliated issuers |  |  |  |  | 34295 |
|  | (1450)<br>| 1506 | — <br><sup>†</sup><br>| 24581 | 87123 |
| Net unrealized appreciation (depreciation)\* on: |  |  |  |  |  |
| Investments in: |  |  |  |  |  |
| Unaffiliated issuers | 15779 | 2481 | (2)<br>| 32939 | (2333)<br>|
| Affiliated issuers | 3 |  |  |  | (20149)<br>|
| Options purchased (futures style) |  |  |  |  |  |
| Options written |  |  |  | 21 |  |
| Futures contracts | 62 | 209 |  | 5703 | (455)<br>|
| Forward currency contracts |  |  |  |  |  |
| Swap contracts | (207)<br>| (15)<br>|  | (1861)<br>|  |
| Currency translations | — <br><sup>†</sup><br>|  |  |  |  |
|  | 15637 | 2675 | (2)<br>| 36802 | (22937)<br>|
| Net realized gain (loss) and unrealized appreciation <br>(depreciation)<br>| 14187 | 4181 | (2)<br>| 61383 | 64186 |
| **Net increase (decrease) in net assets resulting from operations** | $79302 | $9517 | $12327 | $136904 | $65272 |

---

Refer to the end of the statements of operations for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **296** |

---

------

Financial statements (continued)

**Statements of operations** for the year ended December 31, 2025 (continued)

(dollars in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Managed** <br>**Risk** <br>**International** <br>**Fund**<br>| **Managed Risk** <br>**Washington** <br>**Mutual** <br>**Investors** <br> **Fund**<br>| **Managed** <br>**Risk** <br>**Growth-** <br>**Income** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| **Investment income:** |  |  |  |  |
| Income (net of non-U.S. taxes\*): |  |  |  |  |
| Dividends: |  |  |  |  |
| Unaffiliated issuers | $213 | $587 | $3944 | $3676 |
| Affiliated issuers | 1911 | 5641 | 32266 | 32501 |
|  | 2124 | 6228 | 36210 | 36177 |
| Interest from unaffiliated issuers |  |  |  |  |
| Securities lending income (net of fees) |  |  |  |  |
|  | 2124 | 6228 | 36210 | 36177 |
| Fees and expenses\*: |  |  |  |  |
| Investment advisory services | 133 | 369 | 2463 | 2210 |
| Distribution services | 280 | 786 | 662 | 4685 |
| Insurance administrative services | 285 | 792 | 5286 | 4715 |
| Transfer agent services | — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Administrative services |  |  |  |  |
| Accounting and administrative services | 57 | 61 | 98 | 95 |
| Reports to shareholders |  |  |  |  |
| Registration statement and prospectus | 8 | 9 | 19 | 22 |
| Trustees' compensation | 1 | 2 | 10 | 9 |
| Auditing and legal | 2 | 6 | 38 | 35 |
| Custodian | 6 | 6 | 7 | 7 |
| Other | — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| 2 | 1 |
| Total fees and expenses before waivers and/or reimbursements | 772 | 2031 | 8585 | 11779 |
| Less waivers and/or reimbursements of fees and expenses: |  |  |  |  |
| Investment advisory services waivers | 19 | 52 | 348 | 324 |
| Miscellaneous fee reimbursement | 39 |  |  |  |
| Total waivers and/or reimbursements of fees and expenses | 58 | 52 | 348 | 324 |
| Total fees and expenses after waivers and/or reimbursements | 714 | 1979 | 8237 | 11455 |
| Net investment income | 1410 | 4249 | 27973 | 24722 |
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |  |  |
| Net realized gain (loss)\* on: |  |  |  |  |
| Investments in: |  |  |  |  |
| Unaffiliated issuers | (997)<br>| (2786)<br>| (28619)<br>| (3827)<br>|
| Affiliated issuers | 6733 | 17203 | 103218 | 39013 |
| Options purchased (futures style) |  |  |  |  |
| Options written |  |  |  |  |
| Futures contracts | (6090)<br>| (8845)<br>| (37033)<br>| (47196)<br>|
| Forward currency contracts |  |  |  |  |
| Swap contracts |  |  |  |  |
| Currency transactions | 39 | 61 | 367 | 201 |
| Capital gain distributions received from affiliated issuers |  | 17905 | 278792 | 127660 |
|  | (315)<br>| 23538 | 316725 | 115851 |
| Net unrealized appreciation (depreciation)\* on: |  |  |  |  |
| Investments in: |  |  |  |  |
| Unaffiliated issuers | (422)<br>| (1184)<br>| (13505)<br>| (1962)<br>|
| Affiliated issuers | 15574 | 5381 | (104317)<br>| 63753 |
| Options purchased (futures style) |  |  |  |  |
| Options written |  |  |  |  |
| Futures contracts | (88)<br>| 75 | 1063 | 731 |
| Forward currency contracts |  |  |  |  |
| Swap contracts |  |  |  |  |
| Currency translations |  |  |  |  |
|  | 15064 | 4272 | (116759)<br>| 62522 |
| Net realized gain (loss) and unrealized appreciation <br>(depreciation)<br>| 14749 | 27810 | 199966 | 178373 |
| **Net increase (decrease) in net assets resulting from operations** | $16159 | $32059 | $227939 | $203095 |

---

\*

Additional information related to non-U.S. taxes and class-specific fees and expenses is included in the notes to financial statements.

<sup>†</sup>

Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **297** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of changes in net assets**

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Global Growth Fund** | **Global Growth Fund** | **Global Small** <br>**Capitalization Fund** | **Global Small** <br>**Capitalization Fund** | **Growth Fund** | **Growth Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $85110 | $83934 | $18431 | $14439 | $54006 | $123765 |
| Net realized gain (loss) | 1234283 | 1058571 | 355751 | 67213 | 4846029 | 3989653 |
| Net unrealized appreciation (depreciation) | 366091 | (106961)<br>| 36353 | (6037)<br>| 4566446 | 7880200 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 1685484 | 1035544 | 410535 | 75615 | 9466481 | 11993618 |
| **Distributions paid to shareholders** | (1167286)<br>| (362247)<br>| (76359)<br>| (145595)<br>| (4046623)<br>| (1183768)<br>|
| **Net capital share transactions** | 554825 | (305156)<br>| (370832)<br>| (124117)<br>| 1555981 | (2405717)<br>|
| **Total increase (decrease) in net assets** | 1073023 | 368141 | (36656)<br>| (194097)<br>| 6975839 | 8404133 |
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 8058323 | 7690182 | 2990459 | 3184556 | 47702943 | 39298810 |
| End of year | $9131346 | $8058323 | $2953803 | $2990459 | $54678782 | $47702943 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **International Fund** | **International Fund** | **New World Fund** | **New World Fund** | **Washington Mutual** <br>**Investors Fund** | **Washington Mutual** <br>**Investors Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $116468 | $80016 | $54382 | $49823 | $173488 | $178541 |
| Net realized gain (loss) | 751298 | 335500 | 300188 | 148263 | 1056404 | 784826 |
| Net unrealized appreciation (depreciation) | 843988 | (158907)<br>| 563384 | 26354 | 614843 | 937617 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 1711754 | 256609 | 917954 | 224440 | 1844735 | 1900984 |
| **Distributions paid to shareholders** | (99689)<br>| (91320)<br>| (192985)<br>| (66666)<br>| (947281)<br>| (270276)<br>|
| **Net capital share transactions** | (946603)<br>| (557783)<br>| (89200)<br>| (124462)<br>| 10588 | (851035)<br>|
| **Total increase (decrease) in net assets** | 665462 | (392494)<br>| 635769 | 33312 | 908042 | 779673 |
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 6786518 | 7179012 | 3411599 | 3378287 | 11066014 | 10286341 |
| End of year | $7451980 | $6786518 | $4047368 | $3411599 | $11974056 | $11066014 |

---

Refer to the end of the statements of changes in net assets for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **298** |

---

------

Financial statements (continued)

**Statements of changes in net assets** (continued)

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S. Small and Mid** <br>**Cap Equity Fund** | **U.S. Small and Mid** <br>**Cap Equity Fund** | **Capital** <br>**World Growth** <br>**and Income Fund** | **Capital** <br>**World Growth** <br>**and Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** |
|  | | | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | Year ended <br> December 31,<br>2025 | Period <br>ended <br>December 31,<br>2024\* | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $378 | $13 | $29211 | $29625 | $440468 | $464425 |
| Net realized gain (loss) | (942)<br>| 4 | 183807 | 142599 | 3163906 | 6999624 |
| Net unrealized appreciation (depreciation) | 4098 | (438)<br>| 227115 | 78887 | 3496858 | 1206283 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 3534 | (421)<br>| 440133 | 251111 | 7101232 | 8670332 |
| **Distributions paid to shareholders** | (397)<br>| (13)<br>| (99132)<br>| (32476)<br>| (7414912)<br>| (2264497)<br>|
| **Net capital share transactions** | 81910 | 15013 | (142611)<br>| (191651)<br>| 2685997 | (2602817)<br>|
| **Total increase (decrease) in net assets** | 85047 | 14579 | 198390 | 26984 | 2372317 | 3803018 |
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 14579 |  | 1888319 | 1861335 | 41254994 | 37451976 |
| End of year | $99626 | $14579 | $2086709 | $1888319 | $43627311 | $41254994 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**International Growth** <br>**and Income Fund** | <br>**International Growth** <br>**and Income Fund** | **Capital Income Builder** | **Capital Income Builder** | **Asset Allocation Fund** | **Asset Allocation Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $8831 | $7648 | $46685 | $42544 | $563801 | $590761 |
| Net realized gain (loss) | 21065 | (1592)<br>| 64110 | 24024 | 2918103 | 1925378 |
| Net unrealized appreciation (depreciation) | 82880 | 5162 | 170743 | 61325 | 552999 | 1576776 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 112776 | 11218 | 281538 | 127893 | 4034903 | 4092915 |
| **Distributions paid to shareholders** | (9200)<br>| (8098)<br>| (46016)<br>| (45676)<br>| (2469833)<br>| (1743267)<br>|
| **Net capital share transactions** | (21614)<br>| (9047)<br>| 56186 | 35182 | (975710)<br>| (949298)<br>|
| **Total increase (decrease) in net assets** | 81962 | (5927)<br>| 291708 | 117399 | 589360 | 1400350 |
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 322653 | 328580 | 1368668 | 1251269 | 27085680 | 25685330 |
| End of year | $404615 | $322653 | $1660376 | $1368668 | $27675040 | $27085680 |

---

Refer to the end of the statements of changes in net assets for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **299** | American Funds Insurance Series |

---

------

Financial statements (continued)

**Statements of changes in net assets** (continued)

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American Funds** <br>**Global Balanced Fund** | **American Funds** <br>**Global Balanced Fund** | **The Bond Fund** <br>**of America** | **The Bond Fund** <br>**of America** | **Capital World Bond Fund** | **Capital World Bond Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $9741 | $9318 | $494217 | $501464 | $57420 | $61225 |
| Net realized gain (loss) | 23483 | 16800 | 30281 | (134500)<br>| (8965)<br>| (22949)<br>|
| Net unrealized appreciation (depreciation) | 32703 | (1065)<br>| 271022 | (207188)<br>| 82688 | (80072)<br>|
| Net increase (decrease) in net assets resulting from <br> operations<br>| 65927 | 25053 | 795520 | 159776 | 131143 | (41796)<br>|
| **Distributions paid to shareholders** | (21425)<br>| (7048)<br>| (486650)<br>| (475626)<br>| (44306)<br>| (33915)<br>|
| **Net capital share transactions** | 13683 | (14487)<br>| (119742)<br>| 474834 | (55304)<br>| (16393)<br>|
| **Total increase (decrease) in net assets** | 58185 | 3518 | 189128 | 158984 | 31533 | (92104)<br>|
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 392282 | 388764 | 11166898 | 11007914 | 1448237 | 1540341 |
| End of year | $450467 | $392282 | $11356026 | $11166898 | $1479770 | $1448237 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American** <br>**High-Income Trust** | **American** <br>**High-Income Trust** | **American Funds** <br>**Mortgage Fund** | **American Funds** <br>**Mortgage Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $65115 | $60672 | $5336 | $5237 | $12329 | $16889 |
| Net realized gain (loss) | (1450)<br>| 3094 | 1506 | (1054)<br>| — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Net unrealized appreciation (depreciation) | 15637 | 19028 | 2675 | (3372)<br>| (2)<br>| 130 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 79302 | 82794 | 9517 | 811 | 12327 | 17019 |
| **Distributions paid to shareholders** | (64338)<br>| (59402)<br>| (5115)<br>| (5001)<br>| (12940)<br>| (17633)<br>|
| **Net capital share transactions** | 91682 | 34726 | 10334 | 7230 | (30488)<br>| (33462)<br>|
| **Total increase (decrease) in net assets** | 106646 | 58118 | 14736 | 3040 | (31101)<br>| (34076)<br>|
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 931963 | 873845 | 110831 | 107791 | 338678 | 372754 |
| End of year | $1038609 | $931963 | $125567 | $110831 | $307577 | $338678 |

---

Refer to the end of the statements of changes in net assets for footnote(s).

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **300** |

---

------

Financial statements (continued)

**Statements of changes in net assets** (continued)

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S. Government** <br>**Securities Fund** | **U.S. Government** <br>**Securities Fund** | **Managed Risk** <br>**Growth Fund** | **Managed Risk** <br>**Growth Fund** | **Managed Risk** <br>**International Fund** | **Managed Risk** <br>**International Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $75521 | $72049 | $1086 | $2764 | $1410 | $1470 |
| Net realized gain (loss) | 24581 | (1294)<br>| 87123 | 37612 | (315)<br>| (2539)<br>|
| Net unrealized appreciation (depreciation) | 36802 | (55237)<br>| (22937)<br>| 69526 | 15064 | 1155 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 136904 | 15518 | 65272 | 109902 | 16159 | 86 |
| **Distributions paid to shareholders** | (79096)<br>| (73267)<br>| (28627)<br>| (2419)<br>| (1480)<br>| (1561)<br>|
| **Net capital share transactions** | (487)<br>| 353747 | (57328)<br>| (88856)<br>| (15583)<br>| (8399)<br>|
| **Total increase (decrease) in net assets** | 57321 | 295998 | (20683)<br>| 18627 | (904)<br>| (9874)<br>|
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 1820027 | 1524029 | 526262 | 507635 | 114308 | 124182 |
| End of year | $1877348 | $1820027 | $505579 | $526262 | $113404 | $114308 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Managed Risk** <br>**Washington Mutual** <br>**Investors Fund** | **Managed Risk** <br>**Washington Mutual** <br>**Investors Fund** | **Managed Risk** <br>**Growth-Income Fund** | **Managed Risk** <br>**Growth-Income Fund** | **Managed Risk** <br>**Asset Allocation Fund** | **Managed Risk** <br>**Asset Allocation Fund** |
|  | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, |
|  | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| **Operations:** |  |  |  |  |  |  |
| Net investment income (loss) | $4249 | $4979 | $27973 | $33950 | $24722 | $37923 |
| Net realized gain (loss) | 23538 | (4225)<br>| 316725 | 73326 | 115851 | 123915 |
| Net unrealized appreciation (depreciation) | 4272 | 42170 | (116759)<br>| 261435 | 62522 | 124394 |
| Net increase (decrease) in net assets resulting from <br> operations<br>| 32059 | 42924 | 227939 | 368711 | 203095 | 286232 |
| **Distributions paid to shareholders** | (5960)<br>| (5475)<br>| (128115)<br>| (65908)<br>| (168266)<br>| (69126)<br>|
| **Net capital share transactions** | (33133)<br>| (39434)<br>| (184550)<br>| (313193)<br>| (584977)<br>| (294452)<br>|
| **Total increase (decrease) in net assets** | (7034)<br>| (1985)<br>| (84726)<br>| (10390)<br>| (550148)<br>| (77346)<br>|
| **Net assets:** |  |  |  |  |  |  |
| Beginning of year | 322206 | 324191 | 2176866 | 2187256 | 2025850 | 2103196 |
| End of year | $315172 | $322206 | $2092140 | $2176866 | $1475702 | $2025850 |

---

\*

For the period November 15, 2024, commencement of operations, through December 31, 2024.

 <sup>†</sup>Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **301** | American Funds Insurance Series |

---

------

Notes to financial statements

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

**1. Organization**

------

American Funds Insurance Series (the "series") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company with 42 different funds ("the funds"), including 24 funds in the series covered in this report. The series consists of 41 diversified funds and one nondiversified fund: U.S. Small and Mid Cap Equity Fund. The other 18 funds in the series are covered in separate reports. Thirteen funds in the series are covered in the American Funds Insurance Series - Target Date Series report and five funds in the series are covered in the American Funds Insurance Series - Portfolio Series report. The assets of each fund are segregated, with each fund accounted for separately. Capital Research and Management Company ("CRMC") is the series' investment adviser. Milliman Financial Risk Management LLC ("Milliman FRM") is the subadviser for the risk management strategy for eight of the funds (the "managed risk funds"), five of which are covered in this report.

The managed risk funds covered in this report are Managed Risk Growth Fund, Managed Risk International Fund, Managed Risk Washington Mutual Investors Fund, Managed Risk Growth-Income Fund and Managed Risk Asset Allocation Fund. The managed risk funds invest in other funds within the series (the "underlying funds") and employ Milliman FRM to implement the risk management strategy, which consists of using hedging instruments — primarily exchange-traded options and futures contracts — to attempt to stabilize the volatility of the funds around target volatility levels and reduce the downside exposure of the funds during periods of significant market declines.

Shareholders approved a proposal to reorganize the series from a Massachusetts business trust to a Delaware statutory trust. The series reserved the right to delay implementing the reorganization and has elected to do so.

The investment objective(s) for each fund covered in this report are as follows:

**Global Growth Fund** — To provide long-term growth of capital.

**Global Small Capitalization Fund** — To provide long-term growth of capital.

**Growth Fund** — To provide growth of capital.

**International Fund** — To provide long-term growth of capital.

**New World Fund** — To provide long-term capital appreciation.

**Washington Mutual Investors Fund** — To produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing.

**U.S. Small and Mid Cap Equity Fund** — To provide capital appreciation.

**Capital World Growth and Income Fund** — To provide long-term growth of capital while providing current income.

**Growth-Income Fund** — To achieve long-term growth of capital and income.

**International Growth and Income Fund** — To provide long-term growth of capital while providing current income.

**Capital Income Builder** — The two primary objectives are (1) to provide a level of current income that exceeds the average yield on U.S. stocks generally and (2) to provide a growing stream of income over the years. The secondary objective is to provide growth of capital.

**Asset Allocation Fund** — To provide high total return (including income and capital gains) consistent with preservation of capital over the long term.

**American Funds Global Balanced Fund** — Seeks the balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income.

**The Bond Fund of America** — To provide as high a level of current income as is consistent with the preservation of capital.

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| | |
|:---|:---|
| American Funds Insurance Series | **302** |

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**Capital World Bond Fund** — To provide, over the long term, a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund's investments.

**American High-Income Trust** — The primary objective is to provide a high level of current income. The secondary objective is capital appreciation.

**American Funds Mortgage Fund** — To provide current income and preservation of capital.

**Ultra-Short Bond Fund** — To provide current income, consistent with the maturity and quality standards applicable to the fund, and preservation of capital and liquidity.

**U.S. Government Securities Fund**— To provide a high level of current income consistent with prudent investment risk and preservation of capital.

**Managed Risk Growth Fund** — To provide growth of capital while seeking to manage volatility and provide downside protection.

**Managed Risk International Fund** — To provide long-term growth of capital while seeking to manage volatility and provide downside protection.

**Managed Risk Washington Mutual Investors Fund** — To produce income exceeding the average yield on U.S. stocks generally and to provide an opportunity for growth of principal consistent with sound common stock investing, in each case while seeking to manage volatility and provide downside protection.

**Managed Risk Growth-Income Fund** — To achieve long-term growth of capital and income while seeking to manage volatility and provide downside protection.

**Managed Risk Asset Allocation Fund** — To provide high total return (including income and capital gains) consistent with preservation of capital over the long term while seeking to manage volatility and provide downside protection.

Each fund in the series, except the managed risk funds, offers either four or five share classes (Classes 1, 1A, 2, 3 or 4); the managed risk funds offer two share classes (Classes P1 and P2). Holders of all share classes of each fund have equal pro rata rights to assets, dividends and liquidation proceeds of each fund held. Each share class of each fund has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for certain distribution expenses. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each class of each fund.

**2. Significant accounting policies**

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Each fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). Each fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the series' investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The funds follow the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

**Operating segments** — Each fund represents a single operating segment as the operating results of each fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the funds' Principal Executive Officer and Principal Financial Officer, serves as the funds' chief operating decision maker ("CODM"), who act in accordance with Board of Trustee reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess each fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.

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| | |
|:---|:---|
| **303** | American Funds Insurance Series |

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**Security transactions and related investment income** — Security transactions are recorded by each fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, each fund will segregate liquid assets sufficient to meet their payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

**Fees and expenses** — The fees and expenses of the underlying funds held by the managed risk funds are not included in the fees and expenses reported for each of the managed risk funds; however, they are indirectly reflected in the valuation of each of the underlying funds. These fees are included in the unaudited net effective expense ratios that are provided as additional information in the financial highlights tables.

**Class allocations** — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes of each fund based on their relative net assets. Class-specific fees and expenses, such as distribution expenses, are accrued daily and charged directly to the respective share class of each fund.

**Distributions paid to shareholders** — Income dividends are declared daily after and determination of the fund's net investment income and are paid to shareholders monthly. Capital gain distributions are recorded on the ex-dividend date. The fund may deem a portion of the income dividends and/or capital gain distributions are a return of capital for tax purposes.

**Currency translation** — Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the funds' statements of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

**3. Valuation**

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CRMC, the series' investment adviser, values the funds' investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

**Methods and inputs** — The series' investment adviser uses the following methods and inputs to establish the fair value of each fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades. The value of an underlying fund is based on its reported net asset value.

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| | |
|:---|:---|
| American Funds Insurance Series | **304** |

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Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the funds are authorized to invest. However, these classifications are not exclusive and any of the inputs may be used to value any other class of fixed-income security.

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| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| All | &nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash <br> flows, financial or collateral performance and other reference data <br> (collectively referred to as "standard inputs")<br>|
| Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| Mortgage-backed; asset-backed obligations | &nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| Municipal securities | &nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt <br> contracts <br>|

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Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the series' investment adviser. The Capital Group Central Corporate Bond Fund ("CCBF"), a fund within the Capital Group Central Fund Series II, and Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series (collectively the "Central Funds"), are each valued based upon a floating net asset value, which fluctuates with changes in the value of each fund's portfolio securities. The underlying securities are valued based on the policies and procedures in the Central Funds' statements of additional information. The State Street Institutional U.S. Government Money Market Fund held by the managed risk funds is managed to maintain a $1.00 net asset value per share. The net asset value of each share class of each managed risk fund is calculated based on the reported net asset values of the underlying funds in which each fund invests.

Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. Swaps and over-the-counter (OTC) options are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, exchange rates, implied option volatilites, and terms of the contract.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the series' investment adviser are fair valued as determined in good faith under fair value guidelines adopted by the series' investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities and futures that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of each fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

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|:---|:---|
| **305** | American Funds Insurance Series |

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**Processes and structure** — The series' board of trustees has designated the series' investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The series' board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The series' investment adviser classifies the funds' assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities.

The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The funds' valuation levels as of December 31, 2025, were as follows (dollars in thousands):

**Global Growth Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $1677360 | $1004158 | $— | $2681518 |
| Industrials | 814793 | 803211 |  | 1618004 |
| Consumer discretionary | 624592 | 643004 |  | 1267596 |
| Financials | 599727 | 664790 |  | 1264517 |
| Health care | 522458 | 184815 |  | 707273 |
| Communication services | 333006 | 159304 |  | 492310 |
| Consumer staples | 142724 | 161843 |  | 304567 |
| Materials | 138904 | 87575 |  | 226479 |
| Energy | 63628 | 58552 |  | 122180 |
| Real estate | 31223 | 81724 |  | 112947 |
| Utilities | 39385 | 14981 |  | 54366 |
| Short-term securities | 289982 |  |  | 289982 |
| Total | $5277782 | $3863957 | $— | $9141739 |

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|:---|:---|
| American Funds Insurance Series | **306** |

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**Global Small Capitalization Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Industrials | $260831 | $365281 | $— | $626112 |
| Financials | 222052 | 263645 |  | 485697 |
| Information technology | 296229 | 132470 | 265 | 428964 |
| Consumer discretionary | 191624 | 153882 |  | 345506 |
| Health care | 201747 | 110388 |  | 312135 |
| Materials | 116183 | 112638 |  | 228821 |
| Communication services | 48497 | 68762 |  | 117259 |
| Consumer staples | 42102 | 54064 |  | 96166 |
| Energy | 69622 | 8949 |  | 78571 |
| Real estate | 7877 | 63370 |  | 71247 |
| Utilities | 34021 | 13548 |  | 47569 |
| Preferred securities  | 7200 |  | 12088 | 19288 |
| Rights & warrants  |  | 12 |  | 12 |
| Convertible bonds & notes  |  | 1581 |  | 1581 |
| Bonds, notes & other debt instruments  |  | 945 |  | 945 |
| Short-term securities | 154617 | 43943 |  | 198560 |
| Total | $1652602 | $1393478 | $12353 | $3058433 |

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**Growth Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $15453954 | $942978 | $24211 | $16421143 |
| Communication services | 9313134 | 27790 |  | 9340924 |
| Consumer discretionary | 8285145 | 294980 |  | 8580125 |
| Health care | 5922020 | 72405 | 8789 | 6003214 |
| Industrials | 4852390 | 170495 | 4230 | 5027115 |
| Financials | 3974058 | 100498 |  | 4074556 |
| Consumer staples | 1017667 |  | 4743 | 1022410 |
| Materials | 949496 | 28695 |  | 978191 |
| Energy | 846476 |  |  | 846476 |
| Real estate | 405935 |  |  | 405935 |
| Utilities | 365298 |  |  | 365298 |
| Preferred securities  |  |  | 315115 | 315115 |
| Rights & warrants  |  |  | — <br><sup>1</sup><br>| — <br><sup>1</sup><br>|
| Convertible stocks  | 7644 |  | 36076 | 43720 |
| Short-term securities | 1330364 |  |  | 1330364 |
| Total | $52723581 | $1637841 | $393164 | $54754586 |

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<sup>1</sup>

Amount less than one thousand.

The following table reconciles the valuation of the fund's Level 3 investment securities and related transactions for the year ended December 31, 2025 (dollars in thousands):

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Beginning** <br>**value at** <br>**1/1/2025**<br>| **Transfers** <br>**into** <br>**Level 3**<sup>2</sup> <br>| **Purchases** | **Sales** | **Net** <br>**realized** <br>**gain (loss)**<sup>3</sup> <br>| **Unrealized** <br>**appreciation** <br>**(depreciation)**<sup>3</sup> <br>| **Transfers** <br>**out of** <br>**Level 3**<sup>2</sup> <br>| **Ending** <br>**value at** <br>**12/31/2025**<br>|
| Investment securities | &nbsp;&nbsp; $173935 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $122218 | &nbsp;&nbsp; $(13741)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $110752 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $393164 |
| Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | &nbsp;&nbsp; $110752 |

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<sup>2</sup>

Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.

<sup>3</sup>

Net realized gain (loss) and unrealized appreciation (depreciation) are included in the related amounts on investments in the fund's statement of operations.

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|:---|:---|
| **307** | American Funds Insurance Series |

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**Unobservable inputs** — Valuation of the fund's Level 3 securities is based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund's investment adviser to fair value the fund's Level 3 securities (dollars in thousands):

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Value at** <br>**12/31/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**techniques**<br>| &nbsp;&nbsp; **Unobservable** <br>**inputs**<br>| **Range** <br>**(if applicable)**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>1</sup> <br>| &nbsp;&nbsp; **Impact to** <br>**valuation from** <br>**an increase in** <br>**input**<sup>2</sup> <br>|
| Common stocks | $41973 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Common stocks | $41973 | Transaction | Discount for uncertainty | 15% - 50% | 26% | Decrease |
| Common stocks | $41973 | Transaction | Premium to transaction price | 11% | 11% | Increase |
| Preferred securities | $315115 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Preferred securities | $315115 | Transaction | Discount for uncertainty | 5% - 50% | 6% | Decrease |
| Preferred securities | $315115 | &nbsp;&nbsp; Market <br> comparables | EV/Gross Profit multiple | 11.9x | 11.9x | Increase |
| Preferred securities | $315115 | &nbsp;&nbsp; Market <br> comparables | &nbsp;&nbsp; Premium to EV/Gross Profit <br> multiple<br>| 50% | 50% | Increase |
| Preferred securities | $315115 | &nbsp;&nbsp; Market <br> comparables | DLOM  | 10% | 10% | Decrease |
| Rights & warrants | $— <br><sup>3</sup><br>| &nbsp;&nbsp; Estimated <br> recovery value<br>| De minimis | Not applicable | Not applicable | Not applicable |
| Convertible stocks | $36076 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Convertible stocks | $36076 | Transaction | Discount to transaction price | 5% | 5% | Decrease |
| Convertible stocks | $36076 | Transaction | Premium to transaction price | 11% | 11% | Increase |
|  | $393164 |  |  |  |  |  |

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<sup>1</sup>

Weighted average is by relative fair value.

<sup>2</sup>

This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

<sup>3</sup>

Amount less than one thousand.

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| |
|:---|
| **Key to abbreviations** |
| DLOM = Discount for lack of marketability |
| EV = Enterprise value |

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**International Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $132411 | $1126206 | $— | $1258617 |
| Industrials | 11113 | 1201308 |  | 1212421 |
| Information technology | 53833 | 1063830 | 7933 | 1125596 |
| Materials | 631675 | 291367 |  | 923042 |
| Communication services | 14900 | 697226 |  | 712126 |
| Consumer discretionary | 127415 | 546112 |  | 673527 |
| Health care |  | 447622 |  | 447622 |
| Energy | 186352 | 230194 |  | 416546 |
| Consumer staples |  | 335793 |  | 335793 |
| Utilities |  | 209483 |  | 209483 |
| Preferred securities  |  | 33353 | 726 | 34079 |
| Rights & warrants  |  |  | —<br> \*<br>| —<br> \*<br>|
| Short-term securities | 149051 |  |  | 149051 |
| Total | $1306750 | $6182494 | $8659 | $7497903 |

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\*

Amount less than one thousand.

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| | |
|:---|:---|
| American Funds Insurance Series | **308** |

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**New World Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $292708 | $622707 | $634 | $916049 |
| Financials | 150731 | 554211 | —<br> \*<br>| 704942 |
| Consumer discretionary | 190649 | 322157 |  | 512806 |
| Industrials | 111250 | 379009 |  | 490259 |
| Communication services | 146817 | 246709 |  | 393526 |
| Materials | 126958 | 131900 | —<br> \*<br>| 258858 |
| Health care | 64194 | 145778 |  | 209972 |
| Consumer staples | 37995 | 142731 |  | 180726 |
| Energy | 27489 | 61632 | —<br> \*<br>| 89121 |
| Real estate | 450 | 55019 |  | 55469 |
| Utilities | 1071 | 45485 |  | 46556 |
| Preferred securities  | 9540 | 11707 | 8293 | 29540 |
| Bonds, notes & other debt instruments  |  | 113791 |  | 113791 |
| Short-term securities | 66843 | 264 |  | 67107 |
| Total | $1226695 | $2833100 | $8927 | $4068722 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $24 | $— | $— | $24 |
| Unrealized appreciation on open forward currency contracts |  | 80 |  | 80 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (17)<br>|  |  | (17)<br>|
| Unrealized depreciation on open forward currency contracts |  | (78)<br>|  | (78)<br>|
| Total  | $7 | $2 | $— | $9 |

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\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts and forward currency contracts are not included in the fund's investment portfolio.

**Washington Mutual Investors Fund**

As of December 31, 2025, all of the fund's investment securities were classified as Level 1.

**U.S. Small and Mid Cap Equity Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $23464 | $228 | $— | $23692 |
| Industrials | 19657 |  |  | 19657 |
| Consumer discretionary | 15537 |  |  | 15537 |
| Information technology | 11031 | 370 |  | 11401 |
| Health care | 8602 |  |  | 8602 |
| Consumer staples | 7106 |  |  | 7106 |
| Energy | 2486 |  |  | 2486 |
| Real estate | 2419 |  |  | 2419 |
| Materials | 2280 |  |  | 2280 |
| Communication services | 1892 |  |  | 1892 |
| Utilities | 1884 |  |  | 1884 |
| Short-term securities  | 3809 |  |  | 3809 |
| Total | $100167 | $598 | $— | $100765 |

---

---

| | |
|:---|:---|
| **309** | American Funds Insurance Series |

---

------

**Capital World Growth and Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $355139 | $145088 | $— | $500227 |
| Industrials | 148399 | 190693 |  | 339092 |
| Financials | 157537 | 146549 | —<br> \*<br>| 304086 |
| Communication services | 125382 | 66163 |  | 191545 |
| Consumer discretionary | 113749 | 59921 |  | 173670 |
| Health care | 132454 | 39630 |  | 172084 |
| Materials | 76631 | 49420 |  | 126051 |
| Consumer staples | 53201 | 47392 |  | 100593 |
| Energy | 56523 | 21036 |  | 77559 |
| Utilities | 19661 | 25980 |  | 45641 |
| Real estate | 9862 | 7705 |  | 17567 |
| Preferred securities  | 3844 | 2367 |  | 6211 |
| Bonds, notes & other debt instruments  |  | 1012 |  | 1012 |
| Short-term securities | 27110 |  |  | 27110 |
| Total | $1279492 | $802956 | $—<br> \*<br>| $2082448 |

---

\*

Amount less than one thousand.

**Growth-Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $13428880 | $231230 | $— | $13660110 |
| Industrials | 5464629 | 445806 |  | 5910435 |
| Financials | 5113646 | 117059 |  | 5230705 |
| Health care | 4380271 |  |  | 4380271 |
| Consumer discretionary | 4300242 | 76915 |  | 4377157 |
| Communication services | 3324828 | 182155 |  | 3506983 |
| Energy | 1728094 |  |  | 1728094 |
| Consumer staples | 565554 | 678297 |  | 1243851 |
| Materials | 1011738 |  |  | 1011738 |
| Utilities | 899740 |  |  | 899740 |
| Real estate | 537861 |  |  | 537861 |
| Bonds, notes & other debt instruments  |  | 828 |  | 828 |
| Short-term securities | 1122736 |  |  | 1122736 |
| Total | $41878219 | $1732290 | $— | $43610509 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **310** |

---

------

**International Growth and Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $5556 | $88187 | $—<br> \*<br>| $93743 |
| Industrials | 10956 | 47158 |  | 58114 |
| Information technology | 2848 | 51607 |  | 54455 |
| Consumer discretionary | 4607 | 32456 |  | 37063 |
| Consumer staples | 5133 | 27490 |  | 32623 |
| Materials | 12674 | 17182 | —<br> \*<br>| 29856 |
| Health care | 1046 | 28653 |  | 29699 |
| Communication services | 1407 | 26447 |  | 27854 |
| Energy | 9053 | 7510 | —<br> \*<br>| 16563 |
| Utilities | 625 | 10796 |  | 11421 |
| Real estate | 770 | 5261 |  | 6031 |
| Preferred securities  |  | 201 |  | 201 |
| Short-term securities | 6204 |  |  | 6204 |
| Total | $60879 | $342948 | $—<br> \*<br>| $403827 |

---

\*

Amount less than one thousand.

**Capital Income Builder** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $131640 | $135397 | $—<br> \*<br>| $267037 |
| Information technology | 122940 | 52651 |  | 175591 |
| Health care | 104021 | 44144 |  | 148165 |
| Industrials | 67519 | 80079 |  | 147598 |
| Consumer staples | 75761 | 57263 |  | 133024 |
| Utilities | 46892 | 47327 |  | 94219 |
| Consumer discretionary | 40107 | 45388 |  | 85495 |
| Energy | 63017 | 15198 |  | 78215 |
| Materials | 31425 | 27538 |  | 58963 |
| Communication services | 23727 | 34637 |  | 58364 |
| Real estate | 38351 | 7444 |  | 45795 |
| Convertible stocks  | 4813 |  |  | 4813 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| U.S. Treasury bonds & notes |  | 98331 |  | 98331 |
| Mortgage-backed obligations |  | 83564 | 100 | 83664 |
| Corporate bonds and notes |  | 47200 |  | 47200 |
| Other bonds & notes |  | 13281 | 220 | 13501 |
| Investment funds  | 38098 |  |  | 38098 |
| Short-term securities  | 91824 |  |  | 91824 |
| Total | $880135 | $789442 | $320 | $1669897 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **311** | American Funds Insurance Series |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $36 | $— | $— | $36 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 261 |  | 261 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (315)<br>|  |  | (315)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (1)<br>|  | (1)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (2)<br>|  | (2)<br>|
| Total  | $(279)<br>| $258 | $— | $(21)<br>|

---

\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

**Asset Allocation Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $4829446 | $116467 | $— | $4945913 |
| Financials | 2902743 |  | —<br> \*<br>| 2902743 |
| Industrials | 2527277 | 162101 |  | 2689378 |
| Health care | 1911575 | 3565 | 12663 | 1927803 |
| Consumer discretionary | 1511658 | 74864 | 793 | 1587315 |
| Communication services | 1278083 | 24636 |  | 1302719 |
| Materials | 1135802 |  | —<br> \*<br>| 1135802 |
| Consumer staples | 901988 | 61331 |  | 963319 |
| Utilities | 278367 |  |  | 278367 |
| Energy | 253456 | 897 | 655 | 255008 |
| Real estate | 57144 |  |  | 57144 |
| Preferred securities  |  |  | 755 | 755 |
| Rights & warrants  | 119 |  | —<br> \*<br>| 119 |
| Convertible stocks  | 33030 |  |  | 33030 |
| Convertible bonds & notes  |  | 27731 |  | 27731 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations |  | 2828459 |  | 2828459 |
| U.S. Treasury bonds & notes |  | 2280626 |  | 2280626 |
| Corporate bonds and notes |  | 1978114 | 420 | 1978534 |
| Asset-backed obligations |  | 529161 |  | 529161 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 88970 |  | 88970 |
| Loans |  | 31871 | 7860 | 39731 |
| Municipals |  | 22827 |  | 22827 |
| Investment funds | 846762 |  |  | 846762 |
| Short-term securities  | 1023715 |  |  | 1023715 |
| Total | $19491165 | $8231620 | $23146 | $27745931 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $1925 | $— | $— | $1925 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 3543 |  | 3543 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (6069)<br>|  |  | (6069)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (435)<br>|  | (435)<br>|
| Total  | $(4144)<br>| $3108 | $— | $(1036)<br>|

---

\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

---

| | |
|:---|:---|
| American Funds Insurance Series | **312** |

---

------

**American Funds Global Balanced Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $42224 | $10455 | $— | $52679 |
| Financials | 17553 | 27727 |  | 45280 |
| Industrials | 23532 | 19831 |  | 43363 |
| Health care | 28226 | 6598 |  | 34824 |
| Consumer discretionary | 11679 | 9383 |  | 21062 |
| Materials | 12657 | 6825 |  | 19482 |
| Communication services | 17646 | 1167 |  | 18813 |
| Utilities | 12793 | 5213 |  | 18006 |
| Consumer staples | 5420 | 9798 |  | 15218 |
| Energy | 10753 | 1687 |  | 12440 |
| Real estate |  | 2599 |  | 2599 |
| Convertible stocks  | 2921 |  |  | 2921 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 57330 |  | 57330 |
| U.S. Treasury bonds & notes |  | 24907 |  | 24907 |
| Mortgage-backed obligations |  | 24474 |  | 24474 |
| Corporate bonds and notes |  | 22758 |  | 22758 |
| Other bonds & notes |  | 2889 |  | 2889 |
| Investment funds  | 4250 |  |  | 4250 |
| Short-term securities  | 27757 |  |  | 27757 |
| Options purchased on foreign currencies (equity style) |  | 2 |  | 2 |
| Total | $217411 | $233643 | $— | $451054 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on options written (futures style) | $4 | $— | $— | $4 |
| Unrealized appreciation on futures contracts | 118 |  |  | 118 |
| Unrealized appreciation on open forward currency contracts |  | 229 |  | 229 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 96 |  | 96 |
| Unrealized appreciation on bilateral interest rate swaps |  | 38 |  | 38 |
| Unrealized appreciation on centrally cleared credit default swaps |  | — <br><sup>†</sup><br>|  | — <br><sup>†</sup><br>|
| Liabilities: |  |  |  |  |
| Unrealized depreciation on options purchased (futures style) | — <br><sup>†</sup><br>|  |  | — <br><sup>†</sup><br>|
| Unrealized depreciation on futures contracts | (132)<br>|  |  | (132)<br>|
| Unrealized depreciation on open forward currency contracts |  | (281)<br>|  | (281)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (28)<br>|  | (28)<br>|
| Unrealized depreciation on bilateral interest rate swaps |  | (44)<br>|  | (44)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (3)<br>|  | (3)<br>|
| Total  | $(10)<br>| $7 | $— | $(3)<br>|

---

\*

Options purchased (futures style), options written, futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

<sup>†</sup>

Amount less than one thousand.

---

| | |
|:---|:---|
| **313** | American Funds Insurance Series |

---

------

**The Bond Fund of America** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations | $— | $3635346 | $1368 | $3636714 |
| Corporate bonds and notes |  | 3430212 |  | 3430212 |
| U.S. Treasury bonds & notes |  | 2836319 |  | 2836319 |
| Asset-backed obligations |  | 499168 |  | 499168 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 202127 |  | 202127 |
| Municipals |  | 166499 |  | 166499 |
| Federal agency bonds & notes |  | 11855 |  | 11855 |
| Loans |  |  | 6359 | 6359 |
| Common stocks  |  | 14 |  | 14 |
| Short-term securities  | 624236 |  |  | 624236 |
| Total | $624236 | $10781540 | $7727 | $11413503 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $1242 | $— | $— | $1242 |
| Unrealized appreciation on open forward currency contracts |  | 386 |  | 386 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 8064 |  | 8064 |
| Unrealized appreciation on bilateral interest rate swaps |  | 2015 |  | 2015 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (9824)<br>|  |  | (9824)<br>|
| Unrealized depreciation on open forward currency contracts |  | (420)<br>|  | (420)<br>|
| Unrealized depreciation on bilateral interest rate swaps |  | (3943)<br>|  | (3943)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (3263)<br>|  | (3263)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (182)<br>|  | (182)<br>|
| Total  | $(8582)<br>| $2657 | $— | $(5925)<br>|

---

\*

Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

---

| | |
|:---|:---|
| American Funds Insurance Series | **314** |

---

------

**Capital World Bond Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Euros | $— | $303335 | $— | $303335 |
| Japanese yen |  | 106583 |  | 106583 |
| British pounds |  | 65433 |  | 65433 |
| Brazilian reais |  | 34010 |  | 34010 |
| South Korean won |  | 26746 |  | 26746 |
| Chinese yuan renminbi |  | 26106 |  | 26106 |
| Australian dollars |  | 23355 |  | 23355 |
| Indian rupees |  | 19121 |  | 19121 |
| Canadian dollars |  | 18610 |  | 18610 |
| Malaysian ringgits |  | 18045 |  | 18045 |
| Hungarian forints |  | 16359 |  | 16359 |
| Indonesian rupiah |  | 7755 |  | 7755 |
| Mexican pesos |  | 6454 |  | 6454 |
| Danish kroner |  | 6328 |  | 6328 |
| Colombian pesos |  | 4371 |  | 4371 |
| South African rand |  | 4221 |  | 4221 |
| Chilean pesos |  | 4074 |  | 4074 |
| Polish zloty |  | 4060 |  | 4060 |
| New Zealand dollars |  | 2940 |  | 2940 |
| Turkish lira |  | 1845 |  | 1845 |
| Philippine pesos |  | 1260 |  | 1260 |
| Czech korunas |  | 857 |  | 857 |
| U.S. dollars |  | 643061 | 579 | 643640 |
| Preferred securities  |  |  | 80 | 80 |
| Common stocks  | 5 |  | 59 | 64 |
| Rights & warrants  | 8 |  |  | 8 |
| Investment funds  | 22734 |  |  | 22734 |
| Short-term securities | 114160 |  |  | 114160 |
| Options purchased on foreign currencies (equity style) |  | 16 |  | 16 |
| Total | $136907 | $1344945 | $718 | $1482570 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on options written (futures style) | $28 | $— | $— | $28 |
| Unrealized appreciation on futures contracts | 1615 |  |  | 1615 |
| Unrealized appreciation on open forward currency contracts |  | 2812 |  | 2812 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 1403 |  | 1403 |
| Unrealized appreciation on bilateral interest rate swaps |  | 136 |  | 136 |
| Unrealized appreciation on centrally cleared credit default swaps |  | 24 |  | 24 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on options purchased (futures style) | — <br><sup>†</sup><br>|  |  | — <br><sup>†</sup><br>|
| Unrealized depreciation on futures contracts | (1631)<br>|  |  | (1631)<br>|
| Unrealized depreciation on open forward currency contracts |  | (1842)<br>|  | (1842)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (1055)<br>|  | (1055)<br>|
| Unrealized depreciation on bilateral interest rate swaps |  | (2695)<br>|  | (2695)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (201)<br>|  | (201)<br>|
| Total  | $12 | $(1418)<br>| $— | $(1406)<br>|

---

\*

Options purchased (futures style), options written, futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

<sup>†</sup>

Amount less than one thousand.

---

| | |
|:---|:---|
| **315** | American Funds Insurance Series |

---

------

**American High-Income Trust** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Corporate bonds and notes | $— | $878262 | $148 | $878410 |
| Other |  | 38405 | 3278 | 41683 |
| Convertible bonds & notes  |  | 1265 |  | 1265 |
| Common stocks  | 34700 | 10356 | 20680 | 65736 |
| Preferred securities  |  |  | 1713 | 1713 |
| Rights & warrants  | 45 | 127 |  | 172 |
| Short-term securities  | 35092 |  |  | 35092 |
| Total | $69837 | $928415 | $25819 | $1024071 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  | **Other investments**<sup>1</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $15 | $— | $— | $15 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (29)<br>|  |  | (29)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (163)<br>|  | (163)<br>|
| Total  | $(14)<br>| $(163)<br>| $— | $(177)<br>|

---

<sup>1</sup>

Futures contracts and credit default swaps are not included in the investment portfolio.

The following table reconciles the valuation of the fund's Level 3 investment securities and related transactions for the year ended December 31, 2025 (dollars in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Beginning** <br>**value at** <br>**1/1/2025**<br>| **Transfers** <br>**into** <br>**Level 3**<sup>2</sup> <br>| **Purchases** | **Sales** | **Net** <br>**realized** <br>**gain (loss)**<sup>3</sup> <br>| **Unrealized** <br>**appreciation** <br>**(depreciation)**<sup>3</sup> <br>| **Transfers** <br>**out of** <br>**Level 3**<sup>2</sup> <br>| **Ending** <br>**value at** <br>**12/31/2025**<br>|
| Investment securities | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36440 | &nbsp;&nbsp; $1868 | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7442 | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4555)<br>| &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2928)<br>| &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7757)<br>| &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4691)<br>| &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25819 |
| Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at December 31, 2025 | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8134)<br>|

---

<sup>2</sup>

Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.

<sup>3</sup>

Net realized gain (loss) and unrealized appreciation (depreciation) are included in the related amounts on investments in the fund's statement of operations.

---

| | |
|:---|:---|
| American Funds Insurance Series | **316** |

---

------

**Unobservable inputs** — Valuation of the fund's Level 3 securities is based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund's investment adviser to fair value the fund's Level 3 securities (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Value at** <br>**12/31/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**techniques**<br>| &nbsp;&nbsp; **Unobservable** <br>**inputs**<br>| **Range** <br>**(if applicable)**<br>| &nbsp;&nbsp; **Weighted** <br>**average\***<br>| &nbsp;&nbsp; **Impact to** <br>**valuation from** <br>**an increase in** <br>**input**<sup>†</sup> <br>|
| Bonds, notes & other <br> debt instruments | $3426 | &nbsp;&nbsp; Estimated <br> recovery value | Expected proceeds | Not applicable | Not applicable | Not applicable |
| Bonds, notes & other <br> debt instruments | $3426 | &nbsp;&nbsp; Estimated <br> recovery value | De minimis | Not applicable | Not applicable | Not applicable |
| Bonds, notes & other <br> debt instruments | $3426 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Bonds, notes & other <br> debt instruments | $3426 | &nbsp;&nbsp; Indicative market <br> quotation<br>| Broker quote | Not applicable | Not applicable | Not applicable |
| Common stocks | 20680 | &nbsp;&nbsp; Estimated <br> recovery value | Expected proceeds | Not applicable | Not applicable | Not applicable |
| Common stocks | 20680 | &nbsp;&nbsp; Estimated <br> recovery value | Discount for uncertainty | 10% - 15% | 13% | Decrease |
| Common stocks | 20680 | &nbsp;&nbsp; Estimated <br> recovery value | De minimis | Not applicable | Not applicable | Not applicable |
| Common stocks | 20680 | &nbsp;&nbsp; Market <br> comparables | EV/EBITDA multiple | 5.9x - 10.0x | 8.2x | Increase |
| Common stocks | 20680 | &nbsp;&nbsp; Market <br> comparables | EV/EBITDA-CAPEX multiple | 11.0x | 11.0x | Increase |
| Common stocks | 20680 | &nbsp;&nbsp; Market <br> comparables | DLOM | 7% | 7% | Decrease |
| Preferred securities | 1713 | &nbsp;&nbsp; Market <br> comparables | EV/EBITDA multiple | 4.8x | 4.8x | Increase |
| Preferred securities | 1713 | &nbsp;&nbsp; Market <br> comparables | DLOM | 15% | 15% | Decrease |
|  | $25819 |  |  |  |  |  |

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\*

Weighted average is by relative fair value.

<sup>†</sup>

This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

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| |
|:---|
| **Key to abbreviations** |
| CAPEX = Capital expenditures |
| DLOM = Discount for lack of marketability |
| EBITDA = Earnings before interest, taxes, depreciation and amortization |
| EV = Enterprise value |

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**American Funds Mortgage Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations | $— | $99553 | $— | $99553 |
| U.S. Treasury bonds & notes |  | 7811 |  | 7811 |
| Asset-backed obligations |  | 1295 |  | 1295 |
| Short-term securities  |  | 24381 |  | 24381 |
| Total | $— | $133040 | $— | $133040 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $18 | $— | $— | $18 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 127 |  | 127 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (150)<br>|  |  | (150)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (1)<br>|  | (1)<br>|
| Total  | $(132)<br>| $126 | $— | $(6)<br>|

---

\*

Futures contracts and interest rate swaps are not included in the fund's investment portfolio.

**Ultra-Short Bond Fund**

As of December 31, 2025, all of the fund's investment securities were classified as Level 2.

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| | |
|:---|:---|
| **317** | American Funds Insurance Series |

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**U.S. Government Securities Fund** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations | $— | $816712 | $— | $816712 |
| U.S. Treasury bonds & notes |  | 765205 |  | 765205 |
| Federal agency bonds & notes |  | 48704 |  | 48704 |
| Short-term securities  |  | 288407 |  | 288407 |
| Options purchased on futures (equity style) | 242 |  |  | 242 |
| Total | $242 | $1919028 | $— | $1919270 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $1077 | $— | $— | $1077 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 14953 |  | 14953 |
| Liabilities: |  |  |  |  |
| Value of options written (equity style)  | (81)<br>|  |  | (81)<br>|
| Unrealized depreciation on futures contracts | (2291)<br>|  |  | (2291)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (3022)<br>|  | (3022)<br>|
| Total  | $(1295)<br>| $11931 | $— | $10636 |

---

\*

Options written, futures contracts and interest rate swaps are not included in the fund's investment portfolio.

**Managed Risk Growth Fund**

As of December 31, 2025, all of the fund's investments were classified as Level 1.

**Managed Risk International Fund**

As of December 31, 2025, all of the fund's investments were classified as Level 1.

**Managed Risk Washington Mutual Investors Fund**

As of December 31, 2025, all of the fund's investments were classified as Level 1.

**Managed Risk Growth-Income Fund**

As of December 31, 2025, all of the fund's investments were classified as Level 1.

**Managed Risk Asset Allocation Fund**

As of December 31, 2025, all of the fund's investments were classified as Level 1.

**4. Risk factors**

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Investing in the funds may involve certain risks including, but not limited to, those described below.

**Market conditions** — The prices of, and the income generated by, the common stocks, bonds and other securities held by a fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations. These risks may be heightened in the case of smaller capitalization stocks.

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| | |
|:---|:---|
| American Funds Insurance Series | **318** |

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------

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not a fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of a fund's investments may be negatively affected by developments in other countries and regions.

**Issuer risks** — The prices of, and the income generated by, securities held by a fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.

**Investing in income-oriented stocks** — The value of a fund's securities and income provided by a fund may be reduced by changes in the dividend policies of, and the capital resources available for dividend payments at, the companies in which a fund invests.

**Investing in growth-oriented stocks** — Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. These risks may be even greater in the case of smaller capitalization stocks.

**Investing in small and mid-capitalization companies** — Investing in small and mid-capitalization companies may pose additional risks. For example, it is often more difficult to value or dispose of smaller company stocks and more difficult to obtain information about smaller companies than about larger companies. Furthermore, smaller companies often have limited product lines, operating histories, markets and/or financial resources, may be dependent on one or a few key persons for management, and can be more susceptible to losses. Moreover, the prices of their stocks may be more volatile than stocks of larger, more established companies, particularly during times of market turmoil.

**Investing outside the U.S.** — Securities of issuers domiciled outside the U.S. or with significant operations or revenues outside the U.S., and securities tied economically to countries outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers are domiciled, operate or generate revenue or to which the securities are tied economically. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund's portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.

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| | |
|:---|:---|
| **319** | American Funds Insurance Series |

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------

**Investing in developing countries** — Investing in countries with developing economies and/or markets may involve risks in addition to and greater than those generally associated with investing in developed countries. For instance, developing countries tend to have less developed political, economic and legal systems than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in developing countries may be limited, incomplete or inaccurate, and such issuers may not be subject to regulatory, accounting, auditing, and financial reporting and recordkeeping standards comparable to those to which issuers in developed countries are subject. A fund's rights with respect to its investments in developing countries, if any, will generally be governed by local law, which may make it difficult or impossible for the fund to pursue legal remedies or to obtain and enforce judgments in local courts. In addition, the economies of these countries may be dependent on relatively few industries, may have limited access to capital and may be more susceptible to changes in local and global trade conditions and downturns in the world economy. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, more vulnerable to market manipulation, and more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating a fund's net asset value. Additionally, developing countries are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

**Investing in emerging markets** — Investing in emerging markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, emerging market countries tend to have less developed political, economic and legal systems than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in emerging markets may be limited, incomplete or inaccurate, and such issuers may not be subject to regulatory, accounting, auditing, and financial reporting and recordkeeping standards comparable to those to which issuers in more developed markets are subject. A fund's rights with respect to its investments in emerging markets, if any, will generally be governed by local law, which may make it difficult or impossible for the fund to pursue legal remedies or to obtain and enforce judgments in local courts. In addition, the economies of these countries may be dependent on relatively few industries, may have limited access to capital and may be more susceptible to changes in local and global trade conditions and downturns in the world economy. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, more vulnerable to market manipulation, and more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating a fund's net asset value. Additionally, emerging markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

**Investing in debt instruments** — The prices of, and the income generated by, bonds and other debt securities held by a fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from a fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in a fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

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| | |
|:---|:---|
| American Funds Insurance Series | **320** |

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------

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of a fund's securities could cause the value of a fund's shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which a fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund's investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

**Investing in lower rated debt instruments** — Lower rated bonds and other lower rated debt securities, rated Ba1/BB+ or below by Nationally Recognized Statistical Rating Organizations, generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer's creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. These risks may be increased with respect to investments in junk bonds.

**Investing in derivatives** — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause a fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for a fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. A fund's use of derivatives may result in losses to a fund, and investing in derivatives may reduce a fund's returns and increase a fund's price volatility. A fund's counterparty to a derivative transaction (including, if applicable, a fund's clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, a fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are also subject to operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).

**Currency** — The prices of, and the income generated by, many debt securities held by a fund may also be affected by changes in relative currency values. If the U.S. dollar appreciates against foreign currencies, the value in U.S. dollars of a fund's securities denominated in such currencies would generally fall and vice versa.

**Investing in mortgage-related and other asset-backed securities** — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as residential mortgage loans, home equity loans, mortgages on commercial buildings, consumer loans or receivables and equipment leases. While such securities are subject to the risks associated with investments in debt instruments generally (for example, credit, extension and interest rate risks), they are also subject to other and different risks. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt, potentially increasing the volatility of the securities and a fund's net asset value. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in a fund having to reinvest the proceeds in lower yielding securities, effectively reducing a 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 a fund's cash available for reinvestment in higher yielding securities. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations and the value of property that secures the mortgages may decline in value and be insufficient, upon foreclosure, to repay the associated loans. Investments in asset-backed securities are subject to similar risks, as well as additional risks associated with the assets underlying those securities.

I**nvestments in future delivery contracts** — A fund may enter into transactions involving future delivery contracts, such as to-be-announced (TBA) contracts and mortgage dollar rolls. These contracts involve the purchase or sale of mortgage-backed securities for settlement at a future date and predetermined price. When a fund enters into a TBA commitment for the sale of mortgage-backed securities (which may be referred to as having a short position in such TBA securities), a fund may or may not hold the types of mortgage-backed securities required to be delivered. A fund may choose to roll these transactions in lieu of settling them.

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| | |
|:---|:---|
| **321** | American Funds Insurance Series |

---

------

When a fund rolls the purchase of these types of future delivery transactions, a fund simultaneously sells the mortgage-backed securities for delivery in the current month and repurchases substantially similar securities for delivery at a future date at a predetermined price. When a fund rolls the sale of these transactions rather than settling them, a fund simultaneously purchases the mortgage-backed securities for delivery in the current month and sells substantially similar securities for delivery at a future date at a predetermined price. Such roll transactions can increase the turnover rate of a fund and may increase the risk that market prices may move unfavorably between the original and new contracts, potentially resulting in losses or reduced returns for a fund.

**Investing in inflation-linked bonds** — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security's inflation measure.

Investing in inflation-linked bonds may also reduce a fund's distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.

**Investing in securities backed by the U.S. government** — U.S. government securities are subject to market risk, interest rate risk and credit risk. Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Notwithstanding that these securities are backed by the full faith and credit of the U.S. government, circumstances could arise that would prevent or delay the payment of interest or principal on these securities, which could adversely affect their value and cause the fund to suffer losses. Such an event could lead to significant disruptions in U.S. and global markets.

Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government.

**Investing in repurchase agreements** — Upon entering into a repurchase agreement, a fund purchases a security from a bank or broker-dealer, which simultaneously commits to repurchase the security within a specified time at the fund's cost with interest. The security purchased by the fund constitutes collateral for the seller's repurchase obligation. If the party agreeing to repurchase should default, the fund may seek to sell the security it holds as collateral. The fund may incur a loss if the value of the collateral securing the repurchase obligation falls below the repurchase price. The fund may also incur disposition costs and encounter procedural delays in connection with liquidating the collateral.

**Interest rate risk** — The values and liquidity of the securities held by a fund may be affected by changing interest rates. For example, the values of these securities may decline when interest rates rise and increase when interest rates fall. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities. A fund may invest in variable and floating rate securities. When a fund holds variable or floating rate securities, a decrease in market interest rates will adversely affect the income received from such securities and the net asset value of a fund's shares. Although the values of such securities are generally less sensitive to interest rate changes than those of other debt securities, the value of variable and floating rate securities may decline if their interest rates do not rise as quickly, or as much, as market interest rates. Conversely, floating rate securities will not generally increase in value if interest rates decline. During periods of extremely low short-term interest rates, a fund may not be able to maintain a positive yield or total return and, in relatively low interest rate environments, there are heightened risks associated with rising interest rates.

**Credit and liquidity support** — Changes in the credit quality of banks and financial institutions providing credit and liquidity support features with respect to securities held by a fund could cause the values of these securities to decline.

**Asset allocation** — A fund's percentage allocation to equity securities, debt securities and money market instruments could cause the fund to underperform relative to relevant benchmarks and other funds with similar investment objectives.

**Leverage risk** — Certain transactions of a fund may give rise to leverage. These transactions may include, among others, derivatives, future delivery contracts and when-issued, delayed delivery or forward commitment transactions. As a result, increases and decreases in the value of a fund's portfolio may be magnified, and a fund may be exposed to a heightened risk of loss and increased costs.

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| | |
|:---|:---|
| American Funds Insurance Series | **322** |

---

------

**Liquidity risk** — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and a fund may be unable to sell such holdings when necessary to meet its liquidity needs or to try to limit losses, or may be forced to sell at a loss.

**Nondiversification** — As a nondiversified fund, the fund may invest a greater percentage of its assets in fewer issuers than a diversified fund. A fund that invests in a relatively smaller number of issuers is more susceptible to risks associated with a single economic, political, geographic or regulatory occurrence than a diversified fund might be. In addition, poor performance by a single issuer could adversely affect fund performance more than if the fund were invested in a larger number of issuers. The value of the fund's shares can be expected to fluctuate more than might be the case if the fund were more broadly diversified.

**Management** — The investment adviser to the funds actively manages the funds' investments. Consequently, the funds are subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the funds to lose value or their investment results to lag relevant benchmarks or other funds with similar objectives.

Investing in the managed risk funds may involve additional risks including, but not limited to, those described below.

**Fund structure** — The managed risk funds invest in underlying funds and incur expenses related to those underlying funds. In addition, investors in the managed risk funds will incur fees to pay for certain expenses related to the operations of the managed risk funds. An investor holding the underlying fund directly would incur lower overall expenses but would not receive the benefit of the managed risk strategy. Additionally, in accordance with an exemption under the Investment Company Act of 1940, as amended, the investment adviser considers only proprietary funds when selecting underlying investment options and allocations. This means that the fund's investment adviser does not, nor does it expect to, consider any unaffiliated funds as underlying investment options for the fund. This strategy could raise certain conflicts of interest when determining the overall asset allocation of the fund or choosing underlying investments for the fund, including the selection of funds that result in greater compensation to the adviser or funds with relatively lower historical investment results. The investment adviser has policies and procedures designed to mitigate material conflicts of interest that may arise in connection with its management of the fund.

**Management** — The managed risk funds are subject to the risk that the managed risk strategy or the methods employed by the subadviser in implementing the managed risk strategy may not produce the desired results. This could cause the managed risk funds to lose value or their investment results to lag relevant benchmarks or other funds with similar objectives.

**Underlying fund risks** — Because the managed risk fund's investments consist of investments in underlying funds, the managed risk fund's risks are directly related to the risks of the respective underlying fund in which each managed risk fund invests. For this reason, it is important to understand the risks associated with investing both in the managed risk fund and in each of the underlying funds.

**Investing in options and futures contracts** — In addition to the risks generally associated with investing in derivative instruments, options and futures contracts are subject to the creditworthiness of the clearing organizations, exchanges and, in the case of futures, futures commission merchants with which a fund transacts. While both options and futures contracts are generally liquid instruments, under certain market conditions, options and futures may be deemed to be illiquid. For example, the fund may be temporarily prohibited from closing out its position in an options or futures contract if intraday price change limits or limits on trading volume imposed by the applicable exchange are triggered. If a fund is unable to close out a position on an options or futures contract, a fund would remain subject to the risk of adverse price movements until a fund is able to close out the position in question. The ability of a fund to successfully utilize options and futures contracts may depend in part upon the ability of the fund's investment adviser or subadviser to accurately forecast interest rates and other economic factors and to assess and predict the impact of such economic factors on the options and futures in which the fund invests. If the investment adviser or subadviser incorrectly forecasts economic developments or incorrectly predicts the impact of such developments on the options and futures in which it invests, a fund could suffer losses. Whereas the risk of loss on a put option purchased by the fund is limited to the initial cost of the option, the amount of a potential loss on a futures contract could greatly exceed the relatively small initial amount invested in entering the futures position.

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| | |
|:---|:---|
| **323** | American Funds Insurance Series |

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**Hedging** — There may be imperfect or even negative correlation between the prices of the options and futures contracts in which a fund invests and the prices of the underlying securities or indexes which the fund seeks to hedge. For example, options and futures contracts may not provide an effective hedge because changes in options and futures contract prices may not track those of the underlying securities or indexes they are intended to hedge. In addition, there are significant differences between the securities market, on the one hand, and the options and futures markets, on the other, that could result in an imperfect correlation between the markets, causing a given hedge not to achieve its objectives. The degree of imperfection of correlation depends on circumstances such as variations in speculative market demand for options and futures, including technical influences in options and futures trading, and differences between the financial instruments being hedged and the instruments underlying the standard contracts available for trading. A decision as to whether, when and how to hedge involves the exercise of skill and judgment, and even a well-conceived hedge may be unsuccessful to some degree because of market behavior or unexpected interest rate trends. In addition, the fund's investment in exchange-traded options and futures and their resulting costs could limit the fund's gains in rising markets relative to those of the underlying funds, or to those of unhedged funds in general.

**Short positions** — The fund may suffer losses from short positions in futures contracts. Losses from short positions in futures contracts occur when the underlying index increases in value. As the underlying index increases in value, the holder of the short position in the corresponding futures contract is required to pay the difference in value of the futures contract resulting from the increase in the index on a daily basis. Losses from a short position in an index futures contract could potentially be very large if the value of the underlying index rises dramatically in a short period of time.

**5. Certain investment techniques**

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**Securities lending** — Some of the funds have entered into securities lending transactions in which the funds earn income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.

Securities lending transactions are entered into by the fund under the securities lending agreement with the lending agent. The lending agent facilitates the exchange of securities between the lender and the borrower, generally provides protection from borrower default, marks to market the value of collateral daily, secures additional collateral from the borrower if it falls below preset terms, and may reinvest the collateral on behalf of the fund according to agreed parameters. The lending agent has indemnified the fund against losses resulting from borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if the borrower fails to return the securities, collateral investments decline in value or the lending agent fails to perform.

The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund's investment portfolio. The same amount is recorded as a liability in the fund's statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote on proposals affecting them. The borrower is obligated to return the loaned security at the conclusion of the loan or, during the pendency of the loan, on demand from the fund.

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| | |
|:---|:---|
| American Funds Insurance Series | **324** |

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The following table presents the value of the securities on loan, the type and value of collateral received and the value of the investment securities purchased, if any, from the cash collateral received by each fund (dollars in thousands):

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| | | | | |
|:---|:---|:---|:---|:---|
| | | **Collateral received** | **Collateral received** | |
| <br>**Funds**  | <br>**Value of** <br>**investment** <br>**securities** <br>**on loan**<br>| **Cash**  | **U.S. government** <br>**securities** <br>| <br>**Value of** <br>**investment** <br>**securities** <br>**purchased** <br>|
| Global Growth Fund | &nbsp;&nbsp; $4 | &nbsp;&nbsp; $1099 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1098 |
| Global Small Capitalization Fund | &nbsp;&nbsp; 77998 | &nbsp;&nbsp; 76585 | &nbsp;&nbsp; 3923 | &nbsp;&nbsp; 68926 |
| Growth Fund | &nbsp;&nbsp; 22741 | &nbsp;&nbsp; 29093 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26762 |
| International Fund | &nbsp;&nbsp; 32814 | &nbsp;&nbsp; 29195 | &nbsp;&nbsp; 4491 | &nbsp;&nbsp; 26276 |
| New World Fund | &nbsp;&nbsp; 8183 | &nbsp;&nbsp; 6603 | &nbsp;&nbsp; 1991 | &nbsp;&nbsp; 5943 |
| Washington Mutual Investors Fund | &nbsp;&nbsp; 842 | &nbsp;&nbsp; 863 | &nbsp;&nbsp; — | &nbsp;&nbsp; 777 |
| U.S. Small and Mid Cap Equity Fund | &nbsp;&nbsp; 914 | &nbsp;&nbsp; 940 | &nbsp;&nbsp; — | &nbsp;&nbsp; 846 |
| Capital World Growth and Income Fund | &nbsp;&nbsp; 987 | &nbsp;&nbsp; 1007 | &nbsp;&nbsp; — | &nbsp;&nbsp; 906 |
| International Growth and Income Fund | &nbsp;&nbsp; 893 | &nbsp;&nbsp; 848 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 763 |
| Capital Income Builder | &nbsp;&nbsp; 11011 | &nbsp;&nbsp; 11565 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10408 |
| Asset Allocation Fund | &nbsp;&nbsp; 19953 | &nbsp;&nbsp; 20974 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18905 |

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Investment securities purchased from cash collateral are disclosed in the investment portfolio as short-term securities. Securities received as collateral, if any, are not recognized as fund assets. The contractual maturity of collateral received under the securities lending agreement is classified as overnight and continuous.

**Index-linked bonds** — Some of the funds have invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund's statement of operations.

**Mortgage dollar rolls** — Some of the funds have entered into mortgage dollar roll transactions of TBA securities in which the fund sells a TBA mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar TBA security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions and may result in an increase to the fund's portfolio turnover rate. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the financial highlights tables.

**Loan transactions** — Some of the funds have entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder's portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan's interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.

**Short-term securities** — The managed risk funds hold shares of State Street Institutional U.S. Government Money Market Fund, a cash management vehicle offered and managed by State Street Bank and Trust Company.

**Unfunded commitments** — Asset Allocation Fund and American High-Income Trust have participated in transactions that involve unfunded commitments, which may obligate each fund to purchase new or additional bonds and/or purchase additional shares of the applicable issuer if certain contingencies are met. As of December 31, 2025, the maximum exposure from these unfunded commitments for Asset Allocation Fund and American High-Income Trust was $204,000 and $94,000, respectively, which would represent less than 0.01% for Asset Allocation Fund and American High-Income Trust, respectively, of the net assets of each fund should such commitments become due. Unrealized appreciation on these unfunded commitments was $3,000 for Asset Allocation Fund and $1,000 for American High-Income Trust, and is disclosed as unrealized appreciation on unfunded commitments in each fund's statement of assets and liabilities. Unrealized appreciation is included in net unrealized appreciation (depreciation) on investments in unaffiliated issuers in each fund's statement of operations.

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| | |
|:---|:---|
| **325** | American Funds Insurance Series |

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**Option contracts** — Some of the funds have entered into option contracts, which give the purchaser of the option, in return for a premium payment, the right to buy from (in the case of a call) or sell to (in the case of a put) the writer of the option the reference instrument underlying the option (or the cash value of the instrument or index underlying the option) at a specified exercise price. The writer of an option has the obligation, upon exercise of the option, to cash settle or deliver the underlying instrument or index upon payment of the exercise price (in the case of a call) or to cash settle or take delivery of the underlying instrument or index and pay the exercise price (in the case of a put).

By purchasing a put option, the fund obtains the right (but not the obligation) to sell the instrument underlying the option (or to deliver the cash value of the instrument or index underlying the option) at a specified exercise price. In return for this right, the fund pays the current market price, or the option premium, for the option. The fund may terminate its position in a put option by allowing the option to expire or by exercising the option. If the option is allowed to expire, the fund will lose the entire amount of the premium paid. If the option is exercised, the fund completes the sale of the underlying instrument (or delivers the cash value of the index underlying the option) at the exercise price. The fund may also terminate a put option position by entering into opposing close-out transactions in advance of the option expiration date.

The features of call options are essentially the same as those of put options, except that the purchaser of a call option obtains the right (but not the obligation) to purchase, rather than sell, the underlying instrument (or the cash value of the index underlying the option) at the specified exercise price. The buyer of a call option typically attempts to participate in potential price increases of the underlying instrument or index with risk limited to the cost of the option if the price of the underlying instrument or index falls. At the same time, the call option buyer can expect to suffer a loss if the price of the underlying instrument or index does not rise sufficiently to offset the cost of the option.

The writer of a put or call option takes the opposite side of the transaction from the option purchaser. In return for receipt of the option premium, the writer assumes the obligation to pay or receive the exercise price for the option's underlying instrument or index if the other party to the option chooses to exercise it. The writer may seek to terminate a position in a put option before exercise by entering into opposing close-out transactions in advance of the option expiration date. If the market for the relevant put option is not liquid, however, the writer must be prepared to pay the exercise price while the option is outstanding, regardless of price changes. Writing a call option obligates the writer to, upon exercise of the option, deliver the option's underlying instrument in return for the exercise price or to make a net cash settlement payment, as applicable. The characteristics of writing call options are similar to those of writing put options, except that writing call options is generally a profitable strategy if prices remain the same or fall. The potential gain for the option seller in such a transaction would be capped at the premium received.

Option contracts can be either equity style (premium is paid in full when the option is opened) or futures style (premium moves as part of variation margin over the life of the option, and is paid in full when the option is closed). For equity style options, premiums paid on options purchased, as well as the daily fluctuation in market value, are included in investment securities from unaffiliated issuers in each fund's statement of asset and liabilities, and premiums received on options written, as well as the daily fluctuation in market value, are included in options written at value in each fund's statement of assets and liabilities. The net realized gains or losses and net unrealized appreciation or depreciation from equity style options are recorded in investments for purchased options and in options written for written options in the fund's statement of operations and statement of changes in net assets.

For futures style options, on a daily basis for both purchased and written options, the fund pays or receives variation margin based on the premium paid and the daily fluctuation in market value, and records variation margin in the statement of assets and liabilities. Realized gains or losses are recorded at the time the option contract is closed or expires. The net realized gains or losses and net unrealized appreciation or depreciation from futures style options are recorded in options purchased (futures style) in the fund's statement of operations and statement of changes in net assets.

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| | |
|:---|:---|
| American Funds Insurance Series | **326** |

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------

Option contracts can take different forms. Some of the funds have entered into the following types of options contracts:

**Options on equity indexes** — As part of their managed risk strategy, the managed risk funds will at times purchase put options on equity indexes in standardized contracts traded on foreign or domestic securities exchanges, boards of trade, or similar entities.

**Options on futures** — One of the funds has entered into options on future contracts to seek to manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. An option on a futures contract gives the purchaser of the option the right to buy or sell a position in a futures contract from or to the writer of the option, at a specified price on or before the specified expiration date.

**Options on foreign currencies** —The fund has entered into options on foreign currencies to seek to protect against changes in currency exchange rates, to increase exposure to a particular foreign currency, to shift exposure to currency fluctuations from one currency to another or to seek to increase returns. An option on a foreign currency gives the holder of the option the right to buy or sell a foreign currency from or to the writer of the option, at a specified price on or before the specified expiration date.

**Futures contracts** — Some of the funds have entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. For the managed risk funds, futures contracts are used to strategically manage portfolio volatility and downside equity risk.

Upon entering into futures contracts, and to maintain the fund's open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant ("FCM"), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

On a daily basis, each fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in each fund's statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on each fund's statement of assets and liabilities. Each fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in each fund's statement of operations.

**Forward currency contracts** — Some of the funds have entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The series' investment adviser uses forward currency contracts to manage the fund's exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.

On a daily basis, the series' investment adviser values forward currency contracts based on the applicable exchange rates and records unrealized appreciation or depreciation for open forward currency contracts in each fund's statement of assets and liabilities. Realized gains or losses are recorded at the time the forward contract is closed or offset by another contract with the same broker for the same settlement date and currency. Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in each fund's statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in each fund's statement of operations.

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| | |
|:---|:---|
| **327** | American Funds Insurance Series |

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**Swap contracts** — Some of the funds have entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant's swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the funds enter into bilaterally negotiated swap transactions, the funds will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

Upon entering into a centrally cleared swap contract, the funds are required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the funds' statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the funds' statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The funds record realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the funds' statement of operations.

Swap agreements can take different forms. Some of the funds have entered into the following types of swap agreements:

**Interest rate swaps** — Some of the funds have entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the funds or a portion of the funds' portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark. In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the funds' current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party.

**Credit default swap indices** — Some of the funds have entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as "CDSIs"), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.

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| | |
|:---|:---|
| American Funds Insurance Series | **328** |

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The funds may enter into a CDSI transaction as either protection buyer or protection seller. If the funds are protection buyers, they would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the funds, as protection buyers, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As protection sellers, the funds would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the funds, coupled with the periodic payments previously received by the funds, may be less than the full notional value that the funds, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the funds. Furthermore, as protection sellers, the funds would effectively add leverage to their portfolio because it would have investment exposure to the notional amount of the swap transaction.

The following table presents the average month-end notional amounts of options on futures, options on foreign currencies, futures contracts, forward currency contracts, interest rate swaps and credit default swaps while held for each fund (dollars in thousands):

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Options** <br>**on** <br>**futures**<br>| **Options** <br>**on** <br>**foreign currencies**<br>| **Futures** <br>**contracts**<br>| **Forward** <br>**currency** <br>**contracts**<br>| **Interest** <br>**rate** <br>**swaps**<br>| **Credit** <br>**default** <br>**swaps**<br>|
| New World Fund | Not applicable | Not applicable | &nbsp;&nbsp; $7466  | &nbsp;&nbsp; $19861  | &nbsp;&nbsp; $513\*  | Not applicable |
| International Growth and <br> Income Fund<br>| Not applicable | Not applicable | Not applicable | &nbsp;&nbsp; 641\*  | Not applicable | Not applicable |
| Capital Income Builder | Not applicable | Not applicable | &nbsp;&nbsp; 156652  | &nbsp;&nbsp; 393\*  | &nbsp;&nbsp; 7878  | &nbsp;&nbsp; 5062  |
| Asset Allocation Fund | Not applicable | Not applicable | &nbsp;&nbsp; 2772351  | Not applicable | &nbsp;&nbsp; 360170  | &nbsp;&nbsp; 61194  |
| American Funds Global <br> Balanced Fund<br>| &nbsp;&nbsp; $10369 | &nbsp;&nbsp; $2000 | &nbsp;&nbsp; 65213  | &nbsp;&nbsp; 87154  | &nbsp;&nbsp; 21599  | &nbsp;&nbsp; 4642  |
| The Bond Fund of America | Not applicable | Not applicable | &nbsp;&nbsp; 5555115  | &nbsp;&nbsp; 233285  | &nbsp;&nbsp; 863621  | &nbsp;&nbsp; 190139  |
| Capital World Bond Fund | &nbsp;&nbsp; 56460 | &nbsp;&nbsp; 19365 | &nbsp;&nbsp; 817202  | &nbsp;&nbsp; 522298  | &nbsp;&nbsp; 376182  | &nbsp;&nbsp; 69538  |
| American High-Income Trust | Not applicable | Not applicable | &nbsp;&nbsp; 31856  | Not applicable | Not applicable | &nbsp;&nbsp; 18973  |
| American Funds Mortgage Fund | &nbsp;&nbsp; 32136 | Not applicable | &nbsp;&nbsp; 96592  | Not applicable | &nbsp;&nbsp; 1975  | Not applicable |
| U.S. Government Securities <br> Fund<br>| &nbsp;&nbsp; 1099058 | Not applicable | &nbsp;&nbsp; 1984739  | Not applicable | &nbsp;&nbsp; 813610  | Not applicable |
| Managed Risk Growth Fund | &nbsp;&nbsp; 620857 | Not applicable | &nbsp;&nbsp; 1115 | Not applicable | Not applicable | Not applicable |
| Managed Risk International <br> Fund<br>| &nbsp;&nbsp; 99717 | Not applicable | &nbsp;&nbsp; 172 | Not applicable | Not applicable | Not applicable |
| Managed Risk Washington <br> Mutual Investors Fund<br>| &nbsp;&nbsp; 369929 | Not applicable | &nbsp;&nbsp; 2897 | Not applicable | Not applicable | Not applicable |
| Managed Risk Growth-Income <br> Fund<br>| &nbsp;&nbsp; 3972877 | Not applicable | &nbsp;&nbsp; 57285 | Not applicable | Not applicable | Not applicable |
| Managed Risk Asset Allocation | &nbsp;&nbsp; 537228 | Not applicable | &nbsp;&nbsp; 16791 | Not applicable | Not applicable | Not applicable |

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\*

No contracts were held at the end of the reporting period; amount represents the average month-end notional amount of contracts while they were held.

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| | |
|:---|:---|
| **329** | American Funds Insurance Series |

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The following tables identify the location and fair value amounts on each fund's statement of assets and liabilities and/or the effect on each fund's statement of operations resulting from each fund's use of options contracts, futures contracts, forward currency contracts, interest rate swaps and/or credit default swaps as of, or for the year ended, December 31, 2025 (dollars in thousands):

**New World Fund** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation<sup>1</sup> <br>| $24 | Unrealized depreciation<sup>1</sup> <br>| $17 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open <br> forward currency contracts<br>| 80 | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open <br> forward currency contracts<br>| 78 |
|  |  |  | $104 |  | $95 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| $177 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| $(4)<br>|
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (497)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>| (78)<br>|
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (88)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 104 |
|  |  |  | $(408)<br>|  | $22 |

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**International Growth and Income Fund** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| $(18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>| $(10)<br>|

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**Capital Income Builder** 

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| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Futures | Interest<br> Unrealized appreciation<sup>1</sup> <br>| $36<br> Unrealized depreciation<sup>1</sup> <br>| $315 |
| Swap (centrally <br> cleared)<br>| Interest<br> Unrealized appreciation<sup>1</sup> <br>| 261<br> Unrealized depreciation<sup>1</sup> <br>| 1 |
| Swap (centrally <br> cleared)<br>| Credit<br> Unrealized appreciation<sup>1</sup> <br>| —<br> Unrealized depreciation<sup>1</sup> <br>| 2 |
|  |  | $297 | $318 |

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Refer to the end of the table(s) for footnote(s).

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| | |
|:---|:---|
| American Funds Insurance Series | **330** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| $1420 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| $699 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| 13 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>|  |
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 97 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (211)<br>|
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 50 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (2)<br>|
|  |  |  | $1580 |  | $486 |

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**Asset Allocation Fund** 

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| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Futures | Interest<br> Unrealized appreciation<sup>1</sup> <br>| $1925<br> Unrealized depreciation<sup>1</sup> <br>| $6069 |
| Swap (centrally <br> cleared)<br>| Interest<br> Unrealized appreciation<sup>1</sup> <br>| 3543<br> Unrealized depreciation<sup>1</sup> <br>|  |
| Swap (centrally <br> cleared)<br>| Credit<br> Unrealized appreciation<sup>1</sup> <br>| —<br> Unrealized depreciation<sup>1</sup> <br>| 435 |
|  |  | $5468 | $6504 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| $28857 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| $(1220)<br>|
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 5 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 3662 |
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (1723)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (578)<br>|
|  |  |  | $27139 |  | $1864 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **331** | American Funds Insurance Series |

---

------

**American Funds Global Balanced Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Currency | Investment securities | $2 | Investment securities | $— |
| Options purchased <br> (futures style)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>|  | Unrealized depreciation<sup>1</sup> <br>| — <br><sup>2</sup><br>|
| Options written <br> (futures style)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 4 | Unrealized depreciation<sup>1</sup> <br>|  |
| Futures | Interest | Unrealized appreciation<sup>1</sup> <br>| 118 | Unrealized depreciation<sup>1</sup> <br>| 132 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open <br> forward currency contracts<br>| 229 | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open <br> forward currency contracts<br>| 281 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 96 | Unrealized depreciation<sup>1</sup> <br>| 28 |
| Swap (bilateral) | Interest | Bilateral swaps, at value | 38 | Bilateral swaps, at value | 44 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation<sup>1</sup> <br>| — <br><sup>2</sup><br>| Unrealized depreciation<sup>1</sup> <br>| 3 |
|  |  |  | $487 |  | $488 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Currency | &nbsp;&nbsp; Net realized gain (loss) on <br> investments<br>| $— | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments<br>| $(8)<br>|
| Options purchased <br> (futures style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> purchased (futures style)<br>| (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options <br> purchased (futures style)<br>| — <br><sup>2</sup><br>|
| Options written <br> (futures style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> written<br>| 41 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options written<br>| 4 |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 469 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 224 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (3684)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>| 130 |
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (136)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 388 |
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 1 |
|  |  |  | $(3410)<br>|  | $739 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **332** |

---

------

**The Bond Fund of America** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation<sup>1</sup> <br>| $1242 | Unrealized depreciation<sup>1</sup> <br>| $9824 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open <br> forward currency contracts<br>| 386 | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open <br> forward currency contracts<br>| 420 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 8064 | Unrealized depreciation<sup>1</sup> <br>| 3263 |
| Swap (bilateral) | Interest | Bilateral swaps, at value | 2015 | Bilateral swaps, at value | 3943 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation<sup>1</sup> <br>|  | Unrealized depreciation<sup>1</sup> <br>| 182 |
|  |  |  | $11707 |  | $17632 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| $21847 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| $21668 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (9144)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>| (1861)<br>|
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 5030 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 9452 |
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (4887)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (196)<br>|
|  |  |  | $12846 |  | $29063 |

---

**Capital World Bond Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Currency | Investment securities | $16 | Investment securities | $— |
| Options purchased <br> (futures style)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>|  | Unrealized depreciation<sup>1</sup> <br>| — <br><sup>2</sup><br>|
| Options written <br> (futures style)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 28 | Unrealized depreciation<sup>1</sup> <br>|  |
| Futures | Interest | Unrealized appreciation<sup>1</sup> <br>| 1615 | Unrealized depreciation<sup>1</sup> <br>| 1631 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open <br> forward currency contracts<br>| 2812 | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on open <br> forward currency contracts<br>| 1842 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 1403 | Unrealized depreciation<sup>1</sup> <br>| 1055 |
| Swap (bilateral) | Interest | Bilateral swaps, at value | 136 | Bilateral swaps, at value | 2695 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation<sup>1</sup> <br>| 24 | Unrealized depreciation<sup>1</sup> <br>| 201 |
|  |  |  | $6034 |  | $7424 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **333** | American Funds Insurance Series |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on <br> investments<br>| $(46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments<br>| $1 |
| Options purchased <br> (equity style)<br>| Currency | &nbsp;&nbsp; Net realized gain (loss) on <br> investments<br>| 159 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments<br>| (48)<br>|
| Options written <br> (equity style)<br>| Currency | &nbsp;&nbsp; Net realized gain (loss) on options <br> written<br>| 58 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options written<br>| 60 |
| Options purchased <br> (futures style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> purchased (futures style)<br>| (586)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options <br> purchased (futures style)<br>| — <br><sup>2</sup><br>|
| Options written <br> (futures style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> written<br>| 365 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options written<br>| 28 |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 7420 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 1912 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (2268)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on forward currency <br> contracts<br>| 1027 |
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (387)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| 3786 |
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (441)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (64)<br>|
|  |  |  | $4274 |  | $6702 |

---

**American High-Income Trust** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Futures | Interest<br> Unrealized appreciation<sup>1</sup> <br>| $15<br> Unrealized depreciation<sup>1</sup> <br>| $29 |
| Swap (centrally <br> cleared)<br>| Credit<br> Unrealized appreciation<sup>1</sup> <br>| —<br> Unrealized depreciation<sup>1</sup> <br>| 163 |
|  |  | $15 | $192 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| $293 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| $62 |
| Swap | Credit | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| (917)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (207)<br>|
|  |  |  | $(624)<br>|  | $(145)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **334** |

---

------

**American Funds Mortgage Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Futures | Interest<br> Unrealized appreciation<sup>1</sup> <br>| $18<br> Unrealized depreciation<sup>1</sup> <br>| $150 |
| Swap (centrally <br> cleared)<br>| Interest<br> Unrealized appreciation<sup>1</sup> <br>| 127<br> Unrealized depreciation<sup>1</sup> <br>| 1 |
|  |  | $145 | $151 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on <br> investments<br>| $(31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments<br>| $— |
| Options written <br> (equity style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> written<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options written<br>|  |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 1057 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 209 |
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 27 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (15)<br>|
|  |  |  | $1054 |  | $194 |

---

**U.S. Government Securities Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Interest | Investment securities | $242 | Investment securities | $— |
| Options written <br> (equity style)<br>| Interest | Options written, at value |  | Options written, at value | 81 |
| Futures | Interest | Unrealized appreciation<sup>1</sup> <br>| 1077 | Unrealized depreciation<sup>1</sup> <br>| 2291 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation<sup>1</sup> <br>| 14953 | Unrealized depreciation<sup>1</sup> <br>| 3022 |
|  |  |  | $16272 |  | $5394 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on <br> investments<br>| $(1087)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments<br>| $36 |
| Options written <br> (equity style)<br>| Interest | &nbsp;&nbsp; Net realized gain (loss) on options <br> written<br>| 27 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on options written<br>| 21 |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 18297 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 5703 |
| Swap | Interest | &nbsp;&nbsp; Net realized gain (loss) on swap <br> contracts<br>| 4094 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on swap contracts<br>| (1861)<br>|
|  |  |  | $21331 |  | $3899 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **335** | American Funds Insurance Series |

---

------

**Managed Risk Growth Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Options purchased <br> (equity style)<br>| Equity<br> &nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $1328<br>&nbsp;&nbsp;&nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $— |
| Futures | Equity<br> Unrealized appreciation<sup>1</sup> <br>| 8<br> Unrealized appreciation<sup>1</sup> <br>|  |
|  |  | $1336<br>| $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Equity | &nbsp;&nbsp; Net realized gain (loss) on <br> investments in unaffiliated issuers<br>| $(4185)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments in <br> unaffiliated issuers<br>| $(2333)<br>|
| Futures | Currency | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (357)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| (4)<br>|
| Futures | Equity | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (13013)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| (455)<br>|
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 8 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 4 |
|  |  |  | $(17547)<br>|  | $(2788)<br>|

---

**Managed Risk International Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Options purchased <br> (equity style)<br>| Equity<br> &nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $267<br>&nbsp;&nbsp;&nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $— |
| Futures | Equity<br> Unrealized appreciation<sup>1</sup> <br>| 13<br> Unrealized depreciation<sup>1</sup> <br>|  |
|  |  | $280<br>| $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Equity | &nbsp;&nbsp; Net realized gain (loss) on <br> investments in unaffiliated issuers<br>| $(997)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments in <br> unaffiliated issuers<br>| $(422)<br>|
| Futures | Equity | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (6096)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| (91)<br>|
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 6 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 3 |
|  |  |  | $(7087)<br>|  | $(510)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **336** |

---

------

**Managed Risk Washington Mutual Investors Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Options purchased <br> (equity style)<br>| Equity<br> &nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $647<br>&nbsp;&nbsp;&nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $— |
| Futures | Equity<br> Unrealized appreciation<sup>1</sup> <br>| 1<br> Unrealized depreciation<sup>1</sup> <br>|  |
|  |  | $648<br>| $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Equity | &nbsp;&nbsp; Net realized gain (loss) on <br> investments in unaffiliated issuers<br>| $(2786)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments in <br> unaffiliated issuers<br>| $(1184)<br>|
| Futures | Currency | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (185)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>|  |
| Futures | Equity | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (8674)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 67 |
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 14 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 8 |
|  |  |  | $(11631)<br>|  | $(1109)<br>|

---

**Managed Risk Growth-Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Options purchased <br> (equity style)<br>| Equity<br> &nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $7071<br>&nbsp;&nbsp;&nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $— |
| Futures | Equity<br> Unrealized appreciation<sup>1</sup> <br>| 46<br> Unrealized depreciation<sup>1</sup> <br>|  |
|  |  | $7117<br>| $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Equity | &nbsp;&nbsp; Net realized gain (loss) on <br> investments in unaffiliated issuers<br>| $(28619)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments in <br> unaffiliated issuers<br>| $(13505)<br>|
| Futures | Currency | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (1347)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>|  |
| Futures | Equity | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (35731)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 1038<br>|
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 45 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 25 |
|  |  |  | $(65652)<br>|  | $(12442)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **337** | American Funds Insurance Series |

---

------

**Managed Risk Asset Allocation Fund** 

---

| | | | |
|:---|:---|:---|:---|
| <br>**Contracts** | <br>**Risk type** | **Assets**<br>**Value** | **Liabilities**<br>**Value** |
| Options purchased <br> (equity style)<br>| Equity<br> &nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $1217<br>&nbsp;&nbsp;&nbsp;&nbsp; Investment securities from <br> unaffiliated issuers<sup>3</sup> <br>| $— |
| Futures | Equity<br> Unrealized appreciation<sup>1</sup> <br>| 8<br> Unrealized depreciation<sup>1</sup> <br>|  |
|  |  | $1225<br>| $— |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** | &nbsp;&nbsp;&nbsp;&nbsp; **Location on statement of** <br> **operations**<br>| **Value** |
| Options purchased <br> (equity style)<br>| Equity | &nbsp;&nbsp; Net realized gain (loss) on <br> investments in unaffiliated issuers<br>| $(3827)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on investments in <br> unaffiliated issuers<br>| $(1962)<br>|
| Futures | Currency | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (513)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>|  |
| Futures | Equity | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| (47392)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 417<br>|
| Futures | Interest | &nbsp;&nbsp; Net realized gain (loss) on futures <br> contracts<br>| 709 | &nbsp;&nbsp;&nbsp;&nbsp; Net unrealized appreciation <br> &nbsp;&nbsp;&nbsp;&nbsp;(depreciation) on futures contracts<br>| 314 |
|  |  |  | $(51023)<br>|  | $(1231)<br>|

---

<sup>1</sup>

Includes cumulative appreciation/depreciation on future style options, futures contracts, centrally cleared interest rate swaps and/or centrally cleared credit default swaps as reported in the applicable table following each fund's investment portfolio. Only current day's variation margin is reported within each fund's statement of assets and liabilities.

<sup>2</sup>

Amount less than one thousand.

<sup>3</sup>

Includes options purchased as reported in each fund's investment portfolio.

---

| | |
|:---|:---|
| American Funds Insurance Series | **338** |

---

------

**Collateral** — Some funds either receive or pledge highly liquid assets, such as cash or U.S. government securities, as collateral due to securities lending and/or their use of option contracts, futures contracts, forward currency contracts, interest rate swaps, credit default swaps and/or future delivery contracts. For securities lending, each participating fund receives collateral in exchange for lending investment securities. The lending agent may reinvest collateral from securities lending transactions according to agreed parameters. For options on equity indexes, options on futures, futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the program calls for each participating fund to pledge collateral for initial and variation margin by contract. For options on foreign currencies, forward currency contracts and bilateral swaps, the program calls for each participating fund to either receive or pledge collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the program calls for each participating fund to either receive or pledge collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by each participating fund, if any, is disclosed in each fund's investment portfolio, and cash collateral pledged by each participating fund, if any, is held in a segregated account with the fund's custodian, which is reflected as cash collateral pledged in each fund's statement of assets and liabilities.

**Rights of offset** — Funds that hold forward currency contracts, options on foreign currencies and bilateral swaps have enforceable master netting agreements with certain counterparties, where amounts payable by each party to the other in the same currency (with the same settlement date and with the same counterparty) are settled net of each party's payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency ("close-out netting"). For financial reporting purposes, the funds do not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statements of assets and liabilities.

The following tables present each fund's forward currency contracts, options on foreign currencies and bilateral swaps by counterparty that are subject to master netting agreements but that are not offset in the funds' statements of assets and liabilities. The net amount column shows the impact of offsetting on the funds' statement of assets and liabilities as of December 31, 2025, if close-out netting was exercised (dollars in thousands):

**New World Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of New York Mellon | $22<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $22<br>|
| BNP Paribas | 1<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br>|
| Citibank | 39<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12<br>|
| Goldman Sachs | 1<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| HSBC Bank | 1<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1<br>|
| UBS AG | 15<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15<br>|
| Total | $79<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(28)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $51<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | $22<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $22<br>|
| Citibank | 27<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Goldman Sachs | 1<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | 27<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27<br>|
| Total | $77<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(28)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $49<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **339** | American Funds Insurance Series |

---

------

**American Funds Global Balanced Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of America | $8<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Barclays Bank PLC | 27<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| BNP Paribas | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Citibank | 79<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Goldman Sachs | 116<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49<br>|
| HSBC Bank | 29<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17<br>|
| JPMorgan Chase | 2<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Morgan Stanley | 4<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| UBS AG | 2<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total | $267<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(201)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $66<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | $26<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(18)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Barclays Bank PLC | 38<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11<br>|
| BNP Paribas | 8<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br>|
| Citibank | 109<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (79)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30<br>|
| Goldman Sachs | 67<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| HSBC Bank | 12<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | 19<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17<br>|
| Morgan Stanley | 46<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42<br>|
| Standard Chartered Bank | 3<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3<br>|
| UBS AG | 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
| Total | $333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(201)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(18)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $114 |

---

**The Bond Fund of America** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of America | $490<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(242)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(248)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Barclays Bank PLC | 578<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (578)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Goldman Sachs | 1285<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1203)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82<br>|
| HSBC Bank | 48<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48<br>|
| Total | $2401<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2023)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(248)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $130<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | $242<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(242)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Barclays Bank PLC | 1146<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (578)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (568)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| BNP Paribas | 1352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1353)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Citibank | 255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (254)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Goldman Sachs | 1203<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1203)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Morgan Stanley | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165 |
| Total | $4363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2023)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2175)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $165 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **340** |

---

------

**Capital World Bond Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of America | $147<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(147)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Bank of New York Mellon | 34<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34<br>|
| Barclays Bank PLC | 450<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (450)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| BNP Paribas | 19<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Citibank | 608<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (608)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Goldman Sachs | 381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (381)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| HSBC Bank | 188<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (102)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (86)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | 44<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20<br>|
| Morgan Stanley | 19<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Standard Chartered Bank | 1035<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (330)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (290)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 356<br>|
| UBS AG | 23<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7<br>|
| Total | $2948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1825)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(330)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(376)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $417<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | $1107<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(147)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(948)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $12<br>|
| Barclays Bank PLC | 627<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (450)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (177)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| BNP Paribas | 65<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46<br>|
| Citibank | 897<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (608)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289<br>|
| Goldman Sachs | 1448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (381)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1017)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 |
| HSBC Bank | 102<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (102)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | 24<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Morgan Stanley | 257<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (238)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Standard Chartered Bank | 59<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| UBS AG | 16<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total | $4602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1825)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2380)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $397 |

---

\*

Collateral is shown on a settlement basis.

<sup>†</sup>

Amount less than one thousand.

---

| | |
|:---|:---|
| **341** | American Funds Insurance Series |

---

------

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

**6. Taxation and distributions**

------

**Federal income taxation** — Each fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The funds are not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the year ended December 31, 2025, none of the funds had a liability for any unrecognized tax benefits. Each fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in their respective statements of operations. During the year, none of the funds incurred any significant interest or penalties.

Each fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

**Non-U.S. taxation** — Dividend and interest income, if any, are recorded net of non-U.S. taxes paid. The funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the funds may file for additional reclaims related to prior years ("EU reclaims"). These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. During the year ended December 31, 2025, some of the funds recognized reclaims (net of fees and the effect of realized gain or loss from currency translations) and interest related to European court rulings as follows (dollars in thousands):

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Reclaims** | **Fees** | **Interest** |
| Global Growth Fund | &nbsp;&nbsp; $587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $597 |
| Global Small Capitalization Fund | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| International Fund | &nbsp;&nbsp; 2072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887 |
| New World Fund | &nbsp;&nbsp; 231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| Capital Income Builder | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>|
| International Growth and Income Fund | &nbsp;&nbsp; 430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 |

---

\*

Amount less than one thousand.

The reclaims and interest are included in dividend income and interest income, respectively, in each fund's statements of operations. Gains realized by the funds on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The funds generally record an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

**Distributions** — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; deferred expenses; cost of investments sold; paydowns on fixed-income securities; net capital losses; non-U.S. taxes on capital gains; amortization of premiums and discounts and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the funds for financial reporting purposes.

---

| | |
|:---|:---|
| American Funds Insurance Series | **342** |

---

------

Additional tax basis disclosures for each fund as of December 31, 2025, were as follows (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Global** <br>**Growth** <br>**Fund**<br>| **Global** <br>**Small** <br>**Capitalization** <br>**Fund**<br>| **Growth** <br>**Fund**<br>| **International** <br>**Fund**<br>| **New** <br>**World** <br>**Fund**<br>| **Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>|
| Undistributed ordinary income | &nbsp;&nbsp; $58118 | &nbsp;&nbsp; $52615 | &nbsp;&nbsp; $328671 | &nbsp;&nbsp; $164687 | &nbsp;&nbsp; $41259 | &nbsp;&nbsp; $40991 |
| Undistributed long-term capital gains | &nbsp;&nbsp; 1202418 | &nbsp;&nbsp; 330342 | &nbsp;&nbsp; 4562299 | &nbsp;&nbsp; 532733 | &nbsp;&nbsp; 281284 | &nbsp;&nbsp; 1064187 |
| Capital loss carryforward utilized | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 206867 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Gross unrealized appreciation on <br> investments<br>| &nbsp;&nbsp; 3491592 | &nbsp;&nbsp; 789376 | &nbsp;&nbsp; 32066603 | &nbsp;&nbsp; 2385110 | &nbsp;&nbsp; 1575330 | &nbsp;&nbsp; 4698662 |
| Gross unrealized depreciation on <br> investments<br>| &nbsp;&nbsp; (287030)<br>| &nbsp;&nbsp; (116954)<br>| &nbsp;&nbsp; (655627)<br>| &nbsp;&nbsp; (88696)<br>| &nbsp;&nbsp; (59715)<br>| &nbsp;&nbsp; (159517)<br>|
| Net unrealized appreciation (depreciation) <br> on investments<br>| &nbsp;&nbsp; 3204562 | &nbsp;&nbsp; 672422 | &nbsp;&nbsp; 31410976 | &nbsp;&nbsp; 2296414 | &nbsp;&nbsp; 1515615 | &nbsp;&nbsp; 4539145 |
| Cost of investments | &nbsp;&nbsp; 5937177 | &nbsp;&nbsp; 2386011 | &nbsp;&nbsp; 23343610 | &nbsp;&nbsp; 5201489 | &nbsp;&nbsp; 2553117 | &nbsp;&nbsp; 7417791 |
| Reclassification from (to) total distributable <br> earnings/accumulated loss to (from) <br> capital paid in on shares of beneficial <br> interest<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 2 | &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; — |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S. Small** <br> **and Mid Cap** <br> **Equity Fund**<br>| **Capital World** <br>**Growth and** <br>**Income Fund**<br>| **Growth-** <br>**Income** <br>**Fund**<br>| **International** <br>**Growth** <br>**and Income** <br>**Fund**<br>| **Capital** <br>**Income** <br>**Builder**<br>| **Asset** <br>**Allocation** <br>**Fund**<br>|
| Undistributed ordinary income | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16020 | &nbsp;&nbsp; $702034 | &nbsp;&nbsp; $2910 | &nbsp;&nbsp; $15728 | &nbsp;&nbsp; $217220 |
| Undistributed long-term capital gains | &nbsp;&nbsp; — | &nbsp;&nbsp; 179378 | &nbsp;&nbsp; 2604901 | &nbsp;&nbsp; — | &nbsp;&nbsp; 58769 | &nbsp;&nbsp; 2837208 |
| Capital loss carryforward<sup>1</sup> <br>| &nbsp;&nbsp; (592)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (4662)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital loss carryforward utilized | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 21009 | &nbsp;&nbsp; 6862 | &nbsp;&nbsp; — |
| Gross unrealized appreciation on <br> investments<br>| &nbsp;&nbsp; 9350 | &nbsp;&nbsp; 910098 | &nbsp;&nbsp; 21146735 | &nbsp;&nbsp; 135582 | &nbsp;&nbsp; 454550 | &nbsp;&nbsp; 8582220 |
| Gross unrealized depreciation on <br> investments<br>| &nbsp;&nbsp; (6040)<br>| &nbsp;&nbsp; (45447)<br>| &nbsp;&nbsp; (369429)<br>| &nbsp;&nbsp; (9951)<br>| &nbsp;&nbsp; (35422)<br>| &nbsp;&nbsp; (691994)<br>|
| Net unrealized appreciation (depreciation) <br> on investments<br>| &nbsp;&nbsp; 3310 | &nbsp;&nbsp; 864651 | &nbsp;&nbsp; 20777306 | &nbsp;&nbsp; 125631 | &nbsp;&nbsp; 419128 | &nbsp;&nbsp; 7890226 |
| Cost of investments | &nbsp;&nbsp; 97455 | &nbsp;&nbsp; 1217797 | &nbsp;&nbsp; 22833203 | &nbsp;&nbsp; 278196 | &nbsp;&nbsp; 1250632 | &nbsp;&nbsp; 19857297 |
| Reclassification from (to) total distributable <br> earnings/accumulated loss to (from) <br> capital paid in on shares of beneficial <br> interest<br>| &nbsp;&nbsp; (14)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **343** | American Funds Insurance Series |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American** <br>**Funds** <br>**Global** <br>**Balanced** <br>**Fund**<br>| **The Bond** <br>**Fund of** <br>**America**<br>| **Capital** <br>**World** <br>**Bond** <br>**Fund**<br>| **American** <br>**High-Income** <br>**Trust**<br>| **American** <br>**Funds** <br>**Mortgage** <br>**Fund**<br>| **Ultra-Short** <br>**Bond** <br>**Fund**<br>|
| Undistributed ordinary income | &nbsp;&nbsp; $3091 | &nbsp;&nbsp; $81931 | &nbsp;&nbsp; $10845 | &nbsp;&nbsp; $12190 | &nbsp;&nbsp; $953 | &nbsp;&nbsp; $1944 |
| Undistributed long-term capital gains | &nbsp;&nbsp; 25777 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital loss carryforward<sup>1</sup> <br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1511983)<br>| &nbsp;&nbsp; (198979)<br>| &nbsp;&nbsp; (329593)<br>| &nbsp;&nbsp; (12321)<br>| &nbsp;&nbsp; (1)<br>|
| Capital loss carryforward utilized | &nbsp;&nbsp; — | &nbsp;&nbsp; 72789 | &nbsp;&nbsp; 1003 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1889 | &nbsp;&nbsp; — |
| Gross unrealized appreciation on <br> investments<br>| &nbsp;&nbsp; 94991 | &nbsp;&nbsp; 158694 | &nbsp;&nbsp; 43122 | &nbsp;&nbsp; 64529 | &nbsp;&nbsp; 1677 | &nbsp;&nbsp; 32 |
| Gross unrealized depreciation on <br> investments<br>| &nbsp;&nbsp; (12752)<br>| &nbsp;&nbsp; (227608)<br>| &nbsp;&nbsp; (77373)<br>| &nbsp;&nbsp; (39750)<br>| &nbsp;&nbsp; (1122)<br>| &nbsp;&nbsp; (10)<br>|
| Net unrealized appreciation (depreciation) <br> on investments<br>| &nbsp;&nbsp; 82239 | &nbsp;&nbsp; (68914)<br>| &nbsp;&nbsp; (34251)<br>| &nbsp;&nbsp; 24779 | &nbsp;&nbsp; 555 | &nbsp;&nbsp; 22 |
| Cost of investments | &nbsp;&nbsp; 368808 | &nbsp;&nbsp; 11488814 | &nbsp;&nbsp; 1516353 | &nbsp;&nbsp; 1000940 | &nbsp;&nbsp; 132479 | &nbsp;&nbsp; 308476 |
| Reclassification from (to) total distributable <br> earnings/accumulated loss to (from) <br> capital paid in on shares of beneficial <br> interest<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1 | &nbsp;&nbsp; — |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S.** <br>**Government** <br>**Securities** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**International** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth-** <br>**Income** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| Undistributed ordinary income | &nbsp;&nbsp; $13856 | &nbsp;&nbsp; $1773 | &nbsp;&nbsp; $1429 | &nbsp;&nbsp; $4281 | &nbsp;&nbsp; $25464 | &nbsp;&nbsp; $23428 |
| Undistributed long-term capital gains | &nbsp;&nbsp; — | &nbsp;&nbsp; 31113 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 284557 | &nbsp;&nbsp; 112392 |
| Capital loss carryforward<sup>1</sup> <br>| &nbsp;&nbsp; (257785)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (21682)<br>| &nbsp;&nbsp; (1893)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Capital loss carryforward utilized | &nbsp;&nbsp; 27799 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 20459 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Gross unrealized appreciation on <br> investments<br>| &nbsp;&nbsp; 32667 | &nbsp;&nbsp; 132454 | &nbsp;&nbsp; 27401 | &nbsp;&nbsp; 69146 | &nbsp;&nbsp; 317848 | &nbsp;&nbsp; 226986 |
| Gross unrealized depreciation on <br> investments<br>| &nbsp;&nbsp; (47954)<br>| &nbsp;&nbsp; (48770)<br>| &nbsp;&nbsp; (20227)<br>| &nbsp;&nbsp; (24480)<br>| &nbsp;&nbsp; (67881)<br>| &nbsp;&nbsp; (39913)<br>|
| Net unrealized appreciation (depreciation) <br> on investments<br>| &nbsp;&nbsp; (15287)<br>| &nbsp;&nbsp; 83684 | &nbsp;&nbsp; 7174 | &nbsp;&nbsp; 44666 | &nbsp;&nbsp; 249967 | &nbsp;&nbsp; 187073 |
| Cost of investments | &nbsp;&nbsp; 1936415 | &nbsp;&nbsp; 421427 | &nbsp;&nbsp; 106247 | &nbsp;&nbsp; 270315 | &nbsp;&nbsp; 1838439 | &nbsp;&nbsp; 1289372 |

---

<sup>1</sup>

Each fund's capital loss carryforward will be used to offset any capital gains realized by the fund in future years. Funds with a capital loss carryforward will not make distributions from capital gains while a capital loss carryforward remains.

Distributions paid by each fund were characterized for tax purposes as follows (dollars in thousands):

**Global Growth Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $66139 | $455982 | $522121 | &nbsp;&nbsp;&nbsp;&nbsp; $65173 | $99126 | $164299 |
| Class 1A | &nbsp;&nbsp; 749 | 2766 | 3515 | &nbsp;&nbsp;&nbsp;&nbsp; 319 | 536 | 855 |
| Class 2 | &nbsp;&nbsp; 53132 | 443236 | 496368 | &nbsp;&nbsp;&nbsp;&nbsp; 57169 | 103301 | 160470 |
| Class 4 | &nbsp;&nbsp; 14879 | 130403 | 145282 | &nbsp;&nbsp;&nbsp;&nbsp; 12745 | 23878 | 36623 |
| Total | &nbsp;&nbsp; $134899 | $1032387 | $1167286 | &nbsp;&nbsp;&nbsp;&nbsp; $135406 | $226841 | $362247 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **344** |

---

------

**Global Small Capitalization Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $3919 | $19199 | $23118 | &nbsp;&nbsp;&nbsp;&nbsp; $24044 | $21820 | $45864 |
| Class 1A | &nbsp;&nbsp; 20 | 126 | 146 | &nbsp;&nbsp;&nbsp;&nbsp; 120 | 119 | 239 |
| Class 2 | &nbsp;&nbsp; 5919 | 39094 | 45013 | &nbsp;&nbsp;&nbsp;&nbsp; 42943 | 43051 | 85994 |
| Class 4 | &nbsp;&nbsp; 766 | 7316 | 8082 | &nbsp;&nbsp;&nbsp;&nbsp; 6428 | 7070 | 13498 |
| Total | &nbsp;&nbsp; $10624 | $65735 | $76359 | &nbsp;&nbsp;&nbsp;&nbsp; $73535 | $72060 | $145595 |

---

**Growth Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $283031 | $1543000 | $1826031 | &nbsp;&nbsp;&nbsp;&nbsp; $121696 | $433019 | $554715 |
| Class 1A | &nbsp;&nbsp; 4439 | 26100 | 30539 | &nbsp;&nbsp;&nbsp;&nbsp; 1328 | 7268 | 8596 |
| Class 2 | &nbsp;&nbsp; 243730 | 1433339 | 1677069 | &nbsp;&nbsp;&nbsp;&nbsp; 72492 | 433759 | 506251 |
| Class 3 | &nbsp;&nbsp; 3240 | 18878 | 22118 | &nbsp;&nbsp;&nbsp;&nbsp; 1123 | 5725 | 6848 |
| Class 4 | &nbsp;&nbsp; 69855 | 421011 | 490866 | &nbsp;&nbsp;&nbsp;&nbsp; 9370 | 97988 | 107358 |
| Total | &nbsp;&nbsp; $604295 | $3442328 | $4046623 | &nbsp;&nbsp;&nbsp;&nbsp; $206009 | $977759 | $1183768 |

---

**International Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $49061 | $— | $49061 | &nbsp;&nbsp;&nbsp;&nbsp; $46267 | $— | $46267 |
| Class 1A | &nbsp;&nbsp; 205 |  | 205 | &nbsp;&nbsp;&nbsp;&nbsp; 157 |  | 157 |
| Class 2 | &nbsp;&nbsp; 44060 |  | 44060 | &nbsp;&nbsp;&nbsp;&nbsp; 40220 |  | 40220 |
| Class 3 | &nbsp;&nbsp; 210 |  | 210 | &nbsp;&nbsp;&nbsp;&nbsp; 191 |  | 191 |
| Class 4 | &nbsp;&nbsp; 6153 |  | 6153 | &nbsp;&nbsp;&nbsp;&nbsp; 4485 |  | 4485 |
| Total | &nbsp;&nbsp; $99689 | $— | $99689 | &nbsp;&nbsp;&nbsp;&nbsp; $91320 | $— | $91320 |

---

**New World Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>|
| Class 1 | &nbsp;&nbsp; $32320 | $71532 | $103852 | &nbsp;&nbsp;&nbsp;&nbsp; $29713 | $8227 | $37940 |
| Class 1A | &nbsp;&nbsp; 369 | 453 | 822 | &nbsp;&nbsp;&nbsp;&nbsp; 167 | 49 | 216 |
| Class 2 | &nbsp;&nbsp; 11967 | 31619 | 43586 | &nbsp;&nbsp;&nbsp;&nbsp; 11293 | 3828 | 15121 |
| Class 4 | &nbsp;&nbsp; 11031 | 33694 | 44725 | &nbsp;&nbsp;&nbsp;&nbsp; 9604 | 3785 | 13389 |
| Total | &nbsp;&nbsp; $55687 | $137298 | $192985 | &nbsp;&nbsp;&nbsp;&nbsp; $50777 | $15889 | $66666 |

---

---

| | |
|:---|:---|
| **345** | American Funds Insurance Series |

---

------

**Washington Mutual Investors Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $131443 | $397175 | $528618 | &nbsp;&nbsp;&nbsp;&nbsp; $111395 | $50394 | $161789 |
| Class 1A | &nbsp;&nbsp; 661 | 2103 | 2764 | &nbsp;&nbsp;&nbsp;&nbsp; 426 | 202 | 628 |
| Class 2 | &nbsp;&nbsp; 57467 | 193815 | 251282 | &nbsp;&nbsp;&nbsp;&nbsp; 46990 | 24567 | 71557 |
| Class 4 | &nbsp;&nbsp; 36815 | 127802 | 164617 | &nbsp;&nbsp;&nbsp;&nbsp; 23694 | 12608 | 36302 |
| Total | &nbsp;&nbsp; $226386 | $720895 | $947281 | &nbsp;&nbsp;&nbsp;&nbsp; $182505 | $87771 | $270276 |

---

**U.S. Small and Mid Cap Equity Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **For the period November 15, 2024**<sup>2</sup> **to** <br> **December 31, 2024** | **For the period November 15, 2024**<sup>2</sup> **to** <br> **December 31, 2024** | **For the period November 15, 2024**<sup>2</sup> **to** <br> **December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>|  | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $364 | $— <br><sup>3</sup><br>| $364 | &nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>3</sup><br>| $— | $— <br><sup>3</sup><br>|
| Class 1A | &nbsp;&nbsp; — <br><sup>3</sup><br>| — <br><sup>3</sup><br>| — <br><sup>3</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>3</sup><br>|  | — <br><sup>3</sup><br>|
| Class 2 | &nbsp;&nbsp; — <br><sup>3</sup><br>| — <br><sup>3</sup><br>| — <br><sup>3</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>3</sup><br>|  | — <br><sup>3</sup><br>|
| Class 4 | &nbsp;&nbsp; 33 | — <br><sup>3</sup><br>| 33 | &nbsp;&nbsp;&nbsp;&nbsp; 13 |  | 13 |
| Total | &nbsp;&nbsp; $397 | $— | $397 | &nbsp;&nbsp;&nbsp;&nbsp; $13 | $— | $13 |

---

**Capital World Growth and Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $9542 | $21740 | $31282 | &nbsp;&nbsp;&nbsp;&nbsp; $11350 | $— | $11350 |
| Class 1A | &nbsp;&nbsp; 157 | 363 | 520 | &nbsp;&nbsp;&nbsp;&nbsp; 144 |  | 144 |
| Class 2 | &nbsp;&nbsp; 14202 | 37773 | 51975 | &nbsp;&nbsp;&nbsp;&nbsp; 17039 |  | 17039 |
| Class 4 | &nbsp;&nbsp; 4099 | 11256 | 15355 | &nbsp;&nbsp;&nbsp;&nbsp; 3943 |  | 3943 |
| Total | &nbsp;&nbsp; $28000 | $71132 | $99132 | &nbsp;&nbsp;&nbsp;&nbsp; $32476 | $— | $32476 |

---

**Growth-Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $512210 | $3878399 | $4390609 | &nbsp;&nbsp;&nbsp;&nbsp; $338365 | $1023186 | $1361551 |
| Class 1A | &nbsp;&nbsp; 901 | 7252 | 8153 | &nbsp;&nbsp;&nbsp;&nbsp; 495 | 1702 | 2197 |
| Class 2 | &nbsp;&nbsp; 257694 | 2211126 | 2468820 | &nbsp;&nbsp;&nbsp;&nbsp; 163135 | 597677 | 760812 |
| Class 3 | &nbsp;&nbsp; 2899 | 23742 | 26641 | &nbsp;&nbsp;&nbsp;&nbsp; 1879 | 6513 | 8392 |
| Class 4 | &nbsp;&nbsp; 50309 | 470380 | 520689 | &nbsp;&nbsp;&nbsp;&nbsp; 26050 | 105495 | 131545 |
| Total | &nbsp;&nbsp; $824013 | $6590899 | $7414912 | &nbsp;&nbsp;&nbsp;&nbsp; $529924 | $1734573 | $2264497 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **346** |

---

------

**International Growth and Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $835 | $— | $835 | &nbsp;&nbsp;&nbsp;&nbsp; $461 | $— | $461 |
| Class 1A | &nbsp;&nbsp; 211 |  | 211 | &nbsp;&nbsp;&nbsp;&nbsp; 156 |  | 156 |
| Class 2 | &nbsp;&nbsp; 4052 |  | 4052 | &nbsp;&nbsp;&nbsp;&nbsp; 3897 |  | 3897 |
| Class 4 | &nbsp;&nbsp; 4102 |  | 4102 | &nbsp;&nbsp;&nbsp;&nbsp; 3584 |  | 3584 |
| Total | &nbsp;&nbsp; $9200 | $— | $9200 | &nbsp;&nbsp;&nbsp;&nbsp; $8098 | $— | $8098 |

---

**Capital Income Builder** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $25206 | $— | $25206 | &nbsp;&nbsp;&nbsp;&nbsp; $25390 | $— | $25390 |
| Class 1A | &nbsp;&nbsp; 416 |  | 416 | &nbsp;&nbsp;&nbsp;&nbsp; 397 |  | 397 |
| Class 2 | &nbsp;&nbsp; 618 |  | 618 | &nbsp;&nbsp;&nbsp;&nbsp; 575 |  | 575 |
| Class 4 | &nbsp;&nbsp; 19776 |  | 19776 | &nbsp;&nbsp;&nbsp;&nbsp; 19314 |  | 19314 |
| Total | &nbsp;&nbsp; $46016 | $— | $46016 | &nbsp;&nbsp;&nbsp;&nbsp; $45676 | $— | $45676 |

---

**Asset Allocation Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $438651 | $1019238 | $1457889 | &nbsp;&nbsp;&nbsp;&nbsp; $374078 | $678739 | $1052817 |
| Class 1A | &nbsp;&nbsp; 1307 | 2795 | 4102 | &nbsp;&nbsp;&nbsp;&nbsp; 848 | 1422 | 2270 |
| Class 2 | &nbsp;&nbsp; 111878 | 280960 | 392838 | &nbsp;&nbsp;&nbsp;&nbsp; 92429 | 187595 | 280024 |
| Class 3 | &nbsp;&nbsp; 884 | 2081 | 2965 | &nbsp;&nbsp;&nbsp;&nbsp; 693 | 1326 | 2019 |
| Class 4 | &nbsp;&nbsp; 166513 | 445526 | 612039 | &nbsp;&nbsp;&nbsp;&nbsp; 127247 | 278890 | 406137 |
| Total | &nbsp;&nbsp; $719233 | $1750600 | $2469833 | &nbsp;&nbsp;&nbsp;&nbsp; $595295 | $1147972 | $1743267 |

---

**American Funds Global Balanced Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $1498 | $3585 | $5083 | &nbsp;&nbsp;&nbsp;&nbsp; $1963 | $— | $1963 |
| Class 1A | &nbsp;&nbsp; 60 | 152 | 212 | &nbsp;&nbsp;&nbsp;&nbsp; 64 |  | 64 |
| Class 2 | &nbsp;&nbsp; 1941 | 5617 | 7558 | &nbsp;&nbsp;&nbsp;&nbsp; 2714 |  | 2714 |
| Class 4 | &nbsp;&nbsp; 2293 | 6279 | 8572 | &nbsp;&nbsp;&nbsp;&nbsp; 2307 |  | 2307 |
| Total | &nbsp;&nbsp; $5792 | $15633 | $21425 | &nbsp;&nbsp;&nbsp;&nbsp; $7048 | $— | $7048 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **347** | American Funds Insurance Series |

---

------

**The Bond Fund of America** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $302949 | $— | $302949 | &nbsp;&nbsp;&nbsp;&nbsp; $305561 | $— | $305561 |
| Class 1A | &nbsp;&nbsp; 12103 |  | 12103 | &nbsp;&nbsp;&nbsp;&nbsp; 8909 |  | 8909 |
| Class 2 | &nbsp;&nbsp; 115204 |  | 115204 | &nbsp;&nbsp;&nbsp;&nbsp; 115243 |  | 115243 |
| Class 4 | &nbsp;&nbsp; 56394 |  | 56394 | &nbsp;&nbsp;&nbsp;&nbsp; 45913 |  | 45913 |
| Total | &nbsp;&nbsp; $486650 | $— | $486650 | &nbsp;&nbsp;&nbsp;&nbsp; $475626 | $— | $475626 |

---

**Capital World Bond Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $19172 | $— | $19172 | &nbsp;&nbsp;&nbsp;&nbsp; $15387 | $— | $15387 |
| Class 1A | &nbsp;&nbsp; 837 |  | 837 | &nbsp;&nbsp;&nbsp;&nbsp; 983 |  | 983 |
| Class 2 | &nbsp;&nbsp; 22086 |  | 22086 | &nbsp;&nbsp;&nbsp;&nbsp; 16410 |  | 16410 |
| Class 4 | &nbsp;&nbsp; 2211 |  | 2211 | &nbsp;&nbsp;&nbsp;&nbsp; 1135 |  | 1135 |
| Total | &nbsp;&nbsp; $44306 | $— | $44306 | &nbsp;&nbsp;&nbsp;&nbsp; $33915 | $— | $33915 |

---

**American High-Income Trust** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $16430 | $— | $16430 | &nbsp;&nbsp;&nbsp;&nbsp; $15191 | $— | $15191 |
| Class 1A | &nbsp;&nbsp; 438 |  | 438 | &nbsp;&nbsp;&nbsp;&nbsp; 199 |  | 199 |
| Class 2 | &nbsp;&nbsp; 34271 |  | 34271 | &nbsp;&nbsp;&nbsp;&nbsp; 35147 |  | 35147 |
| Class 3 | &nbsp;&nbsp; 495 |  | 495 | &nbsp;&nbsp;&nbsp;&nbsp; 529 |  | 529 |
| Class 4 | &nbsp;&nbsp; 12704 |  | 12704 | &nbsp;&nbsp;&nbsp;&nbsp; 8336 |  | 8336 |
| Total | &nbsp;&nbsp; $64338 | $— | $64338 | &nbsp;&nbsp;&nbsp;&nbsp; $59402 | $— | $59402 |

---

**American Funds Mortgage Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $803 | $— | $803 | &nbsp;&nbsp;&nbsp;&nbsp; $804 | $— | $804 |
| Class 1A | &nbsp;&nbsp; 136 |  | 136 | &nbsp;&nbsp;&nbsp;&nbsp; 121 |  | 121 |
| Class 2 | &nbsp;&nbsp; 1703 |  | 1703 | &nbsp;&nbsp;&nbsp;&nbsp; 1928 |  | 1928 |
| Class 4 | &nbsp;&nbsp; 2473 |  | 2473 | &nbsp;&nbsp;&nbsp;&nbsp; 2148 |  | 2148 |
| Total | &nbsp;&nbsp; $5115 | $— | $5115 | &nbsp;&nbsp;&nbsp;&nbsp; $5001 | $— | $5001 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **348** |

---

------

**Ultra-Short Bond Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $1510 | $— | $1510 | &nbsp;&nbsp;&nbsp;&nbsp; $1996 | $— | $1996 |
| Class 1A | &nbsp;&nbsp; 5 |  | 5 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |  | 6 |
| Class 2 | &nbsp;&nbsp; 9131 |  | 9131 | &nbsp;&nbsp;&nbsp;&nbsp; 12857 |  | 12857 |
| Class 3 | &nbsp;&nbsp; 156 |  | 156 | &nbsp;&nbsp;&nbsp;&nbsp; 205 |  | 205 |
| Class 4 | &nbsp;&nbsp; 2138 |  | 2138 | &nbsp;&nbsp;&nbsp;&nbsp; 2569 |  | 2569 |
| Total | &nbsp;&nbsp; $12940 | $— | $12940 | &nbsp;&nbsp;&nbsp;&nbsp; $17633 | $— | $17633 |

---

**U.S. Government Securities Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class 1 | &nbsp;&nbsp; $11629 | $— | $11629 | &nbsp;&nbsp;&nbsp;&nbsp; $11248 | $— | $11248 |
| Class 1A | &nbsp;&nbsp; 12377 |  | 12377 | &nbsp;&nbsp;&nbsp;&nbsp; 11344 |  | 11344 |
| Class 2 | &nbsp;&nbsp; 44749 |  | 44749 | &nbsp;&nbsp;&nbsp;&nbsp; 42551 |  | 42551 |
| Class 3 | &nbsp;&nbsp; 212 |  | 212 | &nbsp;&nbsp;&nbsp;&nbsp; 204 |  | 204 |
| Class 4 | &nbsp;&nbsp; 10129 |  | 10129 | &nbsp;&nbsp;&nbsp;&nbsp; 7920 |  | 7920 |
| Total | &nbsp;&nbsp; $79096 | $— | $79096 | &nbsp;&nbsp;&nbsp;&nbsp; $73267 | $— | $73267 |

---

**Managed Risk Growth Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class P1 | &nbsp;&nbsp; $248 | $558 | $806 | &nbsp;&nbsp;&nbsp;&nbsp; $93 | $— | $93 |
| Class P2 | &nbsp;&nbsp; 6657 | 21164 | 27821 | &nbsp;&nbsp;&nbsp;&nbsp; 2326 |  | 2326 |
| Total | &nbsp;&nbsp; $6905 | $21722 | $28627 | &nbsp;&nbsp;&nbsp;&nbsp; $2419 | $— | $2419 |

---

**Managed Risk International Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class P1 | &nbsp;&nbsp; $30 | $— | $30 | &nbsp;&nbsp;&nbsp;&nbsp; $29 | $— | $29 |
| Class P2 | &nbsp;&nbsp; 1450 |  | 1450 | &nbsp;&nbsp;&nbsp;&nbsp; 1532 |  | 1532 |
| Total | &nbsp;&nbsp; $1480 | $— | $1480 | &nbsp;&nbsp;&nbsp;&nbsp; $1561 | $— | $1561 |

---

**Managed Risk Washington Mutual Investors Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class P1 | &nbsp;&nbsp; $58 | $— | $58 | &nbsp;&nbsp;&nbsp;&nbsp; $53 | $— | $53 |
| Class P2 | &nbsp;&nbsp; 5902 |  | 5902 | &nbsp;&nbsp;&nbsp;&nbsp; 5422 |  | 5422 |
| Total | &nbsp;&nbsp; $5960 | $— | $5960 | &nbsp;&nbsp;&nbsp;&nbsp; $5475 | $— | $5475 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **349** | American Funds Insurance Series |

---

------

**Managed Risk Growth-Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class P1 | &nbsp;&nbsp; $42231 | $70237 | $112468 | &nbsp;&nbsp;&nbsp;&nbsp; $33022 | $25142 | $58164 |
| Class P2 | &nbsp;&nbsp; 5433 | 10214 | 15647 | &nbsp;&nbsp;&nbsp;&nbsp; 4085 | 3659 | 7744 |
| Total | &nbsp;&nbsp; $47664 | $80451 | $128115 | &nbsp;&nbsp;&nbsp;&nbsp; $37107 | $28801 | $65908 |

---

**Managed Risk Asset Allocation Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| **Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class P1 | &nbsp;&nbsp; $348 | $722 | $1070 | &nbsp;&nbsp;&nbsp;&nbsp; $226 | $138 | $364 |
| Class P2 | &nbsp;&nbsp; 46064 | 121132 | 167196 | &nbsp;&nbsp;&nbsp;&nbsp; 39976 | 28786 | 68762 |
| Total | &nbsp;&nbsp; $46412 | $121854 | $168266 | &nbsp;&nbsp;&nbsp;&nbsp; $40202 | $28924 | $69126 |

---

<sup>2</sup>

Commencement of operations.

<sup>3</sup>

Amount less than one thousand.

**7. Fees and transactions**

------

CRMC, the series' investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the distributor of the series' shares, and American Funds Service Company® ("AFS"), the series' transfer agent. CRMC, CCG and AFS are considered related parties to the series.

**Investment advisory services** — The series has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on annual rates that generally decrease as net asset levels increase. CRMC receives investment advisory fees from the underlying funds held by the managed risk funds, which are included in the unaudited net effective expense ratios that are provided as additional information in the financial highlights tables. Subadvisory fees for the managed risk funds are paid by CRMC to Milliman FRM. The managed risk funds are not responsible for paying any subadvisory fees.

**Investment advisory services waivers** — CRMC is waiving a portion of its investment advisory services fees for some of the funds. For the year ended December 31, 2025, total investment advisory services fees waived by CRMC were $53,879,000. CRMC does not intend to recoup these waivers. Investment advisory fees in each fund's statement of operations are presented gross of any waivers from CRMC.

---

| | |
|:---|:---|
| American Funds Insurance Series | **350** |

---

------

The range of rates, net asset levels and the current annualized rates of average daily net assets for each fund before and after any investment advisory services waivers, if applicable, are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Rates** | **Rates** | **Net asset level** <br>**(in billions)** | **Net asset level** <br>**(in billions)** | **For the** <br>**year ended** <br>**December 31,** <br>**2025,** <br>**before waiver** | **For the** <br>**year ended** <br>**December 31,** <br>**2025,** <br>**after waiver** |
| **Fund** | **Beginning** <br>**with**<br>| **Ending** <br>**with**<br>| **Up to** | **In excess** <br>**of**<br>| **For the** <br>**year ended** <br>**December 31,** <br>**2025,** <br>**before waiver** | **For the** <br>**year ended** <br>**December 31,** <br>**2025,** <br>**after waiver** |
| Global Growth Fund | .475<br> %<br>| .435<br> %<br>| $15.0 | $15.0 | .475<br> %<br>| .372<br> %<br>|
| Global Small Capitalization Fund | .647 | .615 | 15.0 | 15.0 | .647 | .600 |
| Growth Fund | .500 | .275 | .6 | 44.0 | .302 | .302 |
| International Fund | .478 | .430 | 15.0 | 21.0 | .478 | .478 |
| New World Fund | .577 | .510 | 15.0 | 15.0 | .577 | .507 |
| Washington Mutual Investors Fund | .374 | .350 | 15.0 | 15.0 | .374 | .227 |
| U.S. Small and Mid Cap Equity Fund | .450 |  | all |  | .450 | .450 |
| Capital World Growth and Income Fund | .475 | .435 | 15.0 | 15.0 | .475 | .375 |
| Growth-Income Fund | .500 | .217 | .6 | 44.0 | .249 | .249 |
| International Growth and Income Fund | .478 | .450 | 15.0 | 15.0 | .478 | .478 |
| Capital Income Builder | .357 | .330 | 15.0 | 15.0 | .357 | .227 |
| Asset Allocation Fund | .500 | .236 | .6 | 34.0 | .264 | .264 |
| American Funds Global Balanced Fund | .446 | .420 | 15.0 | 15.0 | .446 | .429 |
| The Bond Fund of America | .352 | .320 | 15.0 | 15.0 | .352 | .202 |
| Capital World Bond Fund | .431 | .360 | 15.0 | 15.0 | .431 | .431 |
| American High-Income Trust | .404 | .386 | 15.0 | 15.0 | .404 | .284 |
| American Funds Mortgage Fund  | .295 | .280 | 15.0 | 15.0 | .295 | .222 |
| Ultra-Short Bond Fund | .257 | .242 | 15.0 | 15.0 | .257 | .257 |
| U.S. Government Securities Fund | .295 | .280 | 15.0 | 15.0 | .295 | .218 |
| Managed Risk Growth Fund\* | .100 |  | all |  | .150 | .100 |
| Managed Risk International Fund\* | .100 |  | all |  | .150 | .100 |
| Managed Risk Washington Mutual Investors Fund\* | .100 |  | all |  | .150 | .100 |
| Managed Risk Growth-Income Fund\* | .100 |  | all |  | .150 | .100 |
| Managed Risk Asset Allocation Fund\* | .100 |  | all |  | .150 | .100 |

---

\*

For a portion of the period CRMC waived a portion of the investment advisory and services fee, such that the fee was reduced from 0.150% to 0.100%.

Effective May 1, 2025, the series' board of trustees approved a revised investment advisory and services agreement for the Managed Risk Funds, removing the 0.050% fee waiver and concurrently reducing the fee for each share class from 0.150% to 0.100%.

**Class-specific fees and expenses** — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

**Distribution services** — The series has plans of distribution for all share classes except Class 1. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares. The plans provide for payments to pay service fees to firms that have entered into agreements with the series. These payments, based on an annualized percentage of average daily net assets, range from 0.18% to 0.50% as noted in the table below. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans.

---

| | | |
|:---|:---|:---|
| **Share class** | **Currently approved limits** | **Plan limits** |
| Class 1A | 0.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.25<br> %<br>|
| Class 2 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 |
| Class 3 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.18 |
| Class 4 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 |
| Class P1 | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.25 |
| Class P2 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |

---

**Insurance administrative services** — The series has an insurance administrative services plan for Class 1A, 4, P1 and P2 shares. Under the plan, these share classes pay 0.25% of each insurance company's respective average daily net assets in each share class to compensate the insurance companies for services provided to their separate accounts and contractholders for which the shares of the fund are beneficially owned as underlying investments of such contractholders' annuities. These services include, but are not limited to, maintenance, shareholder communications and transactional services. The insurance companies are not related parties to the series.

---

| | |
|:---|:---|
| **351** | American Funds Insurance Series |

---

------

**Transfer agent services** — The series has a shareholder services agreement with AFS under which the funds compensate AFS for providing transfer agent services to all of the funds' share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the managed risk funds also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders.

**Administrative services** — The series has an administrative services agreement with CRMC under which each fund compensates CRMC for providing administrative services to all of the funds' share classes except Class P1 and P2 shares. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on each fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides each fund, other than the managed risk funds, the ability to charge an administrative services fee at the annual rate of 0.05% of average daily net assets attributable to each share class. Currently each fund, other than the managed-risk funds, pays CRMC an administrative services fee at the annual rate of 0.03% of average daily net assets of each share class for CRMC's provision of administrative services. For the managed risk funds, CRMC receives administrative services fees at an annual rate of 0.03% of average daily net assets from Class 1 shares of the underlying funds for administrative services provided to the series.

**Accounting and administrative services** — The managed risk funds have a subadministration agreement with Bank of New York Mellon ("BNY Mellon") under which the fund compensates BNY Mellon for providing accounting and administrative services to each of the managed risk funds' share classes. These services include, but are not limited to, fund accounting (including calculation of net asset value), financial reporting and tax services. BNY Mellon is not a related party to the managed risk funds.

Class-specific expenses under the agreements described above were as follows (dollars in thousands):

**Global Growth Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $1131 |
| Class 1A | $— | $83 | 10 |
| Class 2 | 8963 | Not applicable | 1076 |
| Class 4 | 2668 | 2668 | 320 |
| Total class-specific <br> expenses<br>| $11631 | $2751 | $2537 |

---

**Global Small Capitalization Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $257 |
| Class 1A | $— | $15 | 2 |
| Class 2 | 4317 | Not applicable | 518 |
| Class 4 | 888 | 887 | 106 |
| Total class-specific <br> expenses<br>| $5205 | $902 | $883 |

---

**Growth Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $6865 |
| Class 1A | $— | $1029 | 123 |
| Class 2 | 51724 | Not applicable | 6207 |
| Class 3 | 507 | Not applicable | 85 |
| Class 4 | 15164 | 15164 | 1820 |
| Total class-specific <br> expenses<br>| $67395 | $16193 | $15100 |

---

**International Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $967 |
| Class 1A | $— | $35 | 4 |
| Class 2 | 8442 | Not applicable | 1013 |
| Class 3 | 28 | Not applicable | 5 |
| Class 4 | 1256 | 1256 | 151 |
| Total class-specific <br> expenses<br>| $9726 | $1291 | $2140 |

---

**New World Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $581 |
| Class 1A | $— | $44 | 5 |
| Class 2 | 2096 | Not applicable | 252 |
| Class 4 | 2211 | 2211 | 265 |
| Total class-specific <br> expenses<br>| $4307 | $2255 | $1103 |

---

**Washington Mutual Investors Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $1913 |
| Class 1A | $— | $84 | 10 |
| Class 2 | 7644 | Not applicable | 917 |
| Class 4 | 5082 | 5082 | 610 |
| Total class-specific <br> expenses<br>| $12726 | $5166 | $3450 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **352** |

---

------

**U.S. Small and Mid Cap Equity Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $10 |
| Class 1A | $— | $—<br> \*<br>| —<br> \*<br>|
| Class 2 | —<br> \*<br>| Not applicable | —<br> \*<br>|
| Class 4 | 9 | 8 | 5 |
| Total class-specific <br> expenses<br>| $9 | $8 | $15 |

---

**Capital World Growth and Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $182 |
| Class 1A | $— | $26 | 3 |
| Class 2 | 2607 | Not applicable | 313 |
| Class 4 | 776 | 775 | 93 |
| Total class-specific <br> expenses<br>| $3383 | $801 | $591 |

---

**Growth-Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $7452 |
| Class 1A | $— | $119 | 14 |
| Class 2 | 34840 | Not applicable | 4181 |
| Class 3 | 279 | Not applicable | 47 |
| Class 4 | 7386 | 7386 | 886 |
| Total class-specific <br> expenses<br>| $42505 | $7505 | $12580 |

---

**International Growth and Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $8 |
| Class 1A | $— | $19 | 2 |
| Class 2 | 404 | Not applicable | 49 |
| Class 4 | 456 | 456 | 55 |
| Total class-specific <br> expenses<br>| $860 | $475 | $114 |

---

**Capital Income Builder** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $234 |
| Class 1A | $— | $34 | 4 |
| Class 2 | 51 | Not applicable | 6 |
| Class 4 | 1785 | 1786 | 214 |
| Total class-specific <br> expenses<br>| $1836 | $1820 | $458 |

---

**Asset Allocation Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $4789 |
| Class 1A | $— | $119 | 14 |
| Class 2 | 10837 | Not applicable | 1301 |
| Class 3 | 60 | Not applicable | 10 |
| Class 4 | 17184 | 17184 | 2062 |
| Total class-specific <br> expenses<br>| $28081 | $17303 | $8176 |

---

**American Funds Global Balanced Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $29 |
| Class 1A | $— | $10 | 1 |
| Class 2 | 371 | Not applicable | 45 |
| Class 4 | 428 | 428 | 51 |
| Total class-specific <br> expenses<br>| $799 | $438 | $126 |

---

Refer to the end of the table(s) for footnote(s).

**The Bond Fund of America** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $2070 |
| Class 1A | $— | $643 | 77 |
| Class 2 | 6831 | Not applicable | 820 |
| Class 4 | 3246 | 3247 | 390 |
| Total class-specific <br> expenses<br>| $10077 | $3890 | $3357 |

---

---

| | |
|:---|:---|
| **353** | American Funds Insurance Series |

---

------

**Capital World Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $182 |
| Class 1A | $— | $81 | 10 |
| Class 2 | 1893 | Not applicable | 227 |
| Class 4 | 176 | 176 | 21 |
| Total class-specific <br> expenses<br>| $2069 | $257 | $440 |

---

**American High-Income Trust** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $73 |
| Class 1A | $— | $11 | 1 |
| Class 2 | 1338 | Not applicable | 161 |
| Class 3 | 15 | Not applicable | 2 |
| Class 4 | 497 | 497 | 60 |
| Total class-specific <br> expenses<br>| $1850 | $508 | $297 |

---

**American Funds Mortgage Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $5 |
| Class 1A | $— | $8 | 1 |
| Class 2 | 104 | Not applicable | 13 |
| Class 4 | 140 | 140 | 17 |
| Total class-specific <br> expenses<br>| $244 | $148 | $36 |

---

**Ultra-Short Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $11 |
| Class 1A | $— | $—<br> \*<br>| —<br> \*<br>|
| Class 2 | 569 | Not applicable | 68 |
| Class 3 | 7 | Not applicable | 1 |
| Class 4 | 156 | 156 | 19 |
| Total class-specific <br> expenses<br>| $732 | $156 | $99 |

---

**U.S. Government Securities Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>| **Administrative** <br>**services**<br>|
| Class 1 | Not applicable | Not applicable | $79 |
| Class 1A | $— | $724 | 87 |
| Class 2 | 2619 | Not applicable | 314 |
| Class 3 | 9 | Not applicable | 1 |
| Class 4 | 588 | 588 | 71 |
| Total class-specific <br> expenses<br>| $3216 | $1312 | $552 |

---

**Managed Risk Growth Fund** 

---

| | | |
|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>|
| Class P1 | Not applicable | $34 |
| Class P2 | $1243 | 1243 |
| Total class-specific <br> expenses<br>| $1243 | $1277 |

---

**Managed Risk International Fund** 

---

| | | |
|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>|
| Class P1 | Not applicable | $5 |
| Class P2 | $280 | 280 |
| Total class-specific <br> expenses<br>| $280 | $285 |

---

Refer to the end of the table(s) for footnote(s).

**Managed Risk Washington Mutual Investors Fund**

---

| | | |
|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>|
| Class P1 | Not applicable | $6 |
| Class P2 | $786 | 786 |
| Total class-specific <br> expenses<br>| $786 | $792 |

---

---

| | |
|:---|:---|
| American Funds Insurance Series | **354** |

---

------

**Managed Risk Growth-Income Fund**

---

| | | |
|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>|
| Class P1 | Not applicable | $4624 |
| Class P2 | $662 | 662 |
| Total class-specific <br> expenses<br>| $662 | $5286 |

---

**Managed Risk Asset Allocation Fund**

---

| | | |
|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Insurance** <br>**administrative** <br>**services**<br>|
| Class P1 | Not applicable | $30 |
| Class P2 | $4685 | 4685 |
| Total class-specific <br> expenses<br>| $4685 | $4715 |

---

\*

Amount less than one thousand.

**Miscellaneous fee reimbursements** — CRMC reimbursed a portion of miscellaneous fees and expenses for U.S. Small and Mid Cap Equity Fund and Managed Risk International Fund. These reimbursements may be adjusted or discontinued by CRMC, subject to any restrictions in the series' prospectus. For the year ended December 31, 2025, total fees and expenses reimbursed by CRMC were $77,000. CRMC does not intend to recoup these reimbursements. Fees and expenses in each fund's statement of operations are presented gross of any reimbursements from CRMC.

**Trustees' deferred compensation** — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the funds, are treated as if invested in one or more of the American Funds. These amounts represent general, unsecured liabilities of the funds and vary according to the total returns of the selected funds. Trustees' compensation, shown on the accompanying financial statements, reflects current fees (either paid in cash or deferred) and a net increase in the value of the deferred amounts as follows (dollars in thousands):

---

| | | | |
|:---|:---|:---|:---|
| **Fund** | **Current fees** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (decrease)** <br>**in value of** <br>**deferred amounts**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total trustees'** <br>**compensation**<br>|
| Global Growth Fund | &nbsp;&nbsp; $21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $42 |
| Global Small Capitalization Fund | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 |
| Growth Fund | &nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249 |
| International Fund | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| New World Fund | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| Washington Mutual Investors Fund | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 |
| U.S. Small and Mid Cap Equity Fund | &nbsp;&nbsp; —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>|
| Capital World Growth and Income Fund | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| Growth-Income Fund | &nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207 |
| International Growth and Income Fund | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| Capital Income Builder | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| Asset Allocation Fund | &nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134 |
| American Funds Global Balanced Fund | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| The Bond Fund of America | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 |
| Capital World Bond Fund | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| American High-Income Trust | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| American Funds Mortgage Fund | &nbsp;&nbsp; —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>|
| Ultra-Short Bond Fund | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| U.S. Government Securities Fund | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| Managed Risk Growth Fund | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |
| Managed Risk International Fund | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| Managed Risk Washington Mutual Investors Fund | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| Managed Risk Growth-Income Fund | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| Managed Risk Asset Allocation Fund | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |

---

\*

Amount less than one thousand.

**Affiliated officers and trustees** — Officers and certain trustees of the series are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from any fund in the series.

---

| | |
|:---|:---|
| **355** | American Funds Insurance Series |

---

------

**Investments in CCBF and CCF** — Some of the funds hold shares of CCBF, a corporate bond fund, and/or CCF, an institutional prime money market fund ,which are both managed by CRMC. CCBF seeks to provide maximum total return consistent with capital preservation and prudent risk management by investing primarily in corporate debt instruments. CCBF is used as an investment vehicle for some of the funds' corporate bond investments. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for some of the funds' short-term investments. Both CCBF and CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from either CCBF or CCF.

**Security transactions with related funds** — The funds may purchase from, or sell securities to, other CRMC-managed funds (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act.

The following table presents purchase and sale transactions between each fund and related funds, and net realized gain or loss from such sales, if any, as of December 31, 2025 (dollars in thousands):

---

| | | | |
|:---|:---|:---|:---|
| **Fund**  | **Purchases**  | **Sales**  | **Net** <br>**realized** <br>**gain (loss)**<br>|
| Global Growth Fund | &nbsp;&nbsp; $147747 | &nbsp;&nbsp; $67664 | &nbsp;&nbsp; $22487 |
| Global Small Capitalization Fund | &nbsp;&nbsp; 27498 | &nbsp;&nbsp; 11204 | &nbsp;&nbsp; 1978 |
| Growth Fund | &nbsp;&nbsp; 350283 | &nbsp;&nbsp; 350719 | &nbsp;&nbsp; 70559 |
| International Fund | &nbsp;&nbsp; 110941 | &nbsp;&nbsp; 87605 | &nbsp;&nbsp; 3851 |
| New World Fund | &nbsp;&nbsp; 24060 | &nbsp;&nbsp; 50564 | &nbsp;&nbsp; 13902 |
| Washington Mutual Investors Fund | &nbsp;&nbsp; 131489 | &nbsp;&nbsp; 156251 | &nbsp;&nbsp; 20344 |
| Capital World Growth and Income Fund | &nbsp;&nbsp; 32218 | &nbsp;&nbsp; 38497 | &nbsp;&nbsp; 8339 |
| Growth-Income Fund | &nbsp;&nbsp; 506006 | &nbsp;&nbsp; 592940 | &nbsp;&nbsp; 172397 |
| International Growth and Income Fund | &nbsp;&nbsp; 2294 | &nbsp;&nbsp; 4747 | &nbsp;&nbsp; 363 |
| Capital Income Builder | &nbsp;&nbsp; 23371 | &nbsp;&nbsp; 19211 | &nbsp;&nbsp; 4803 |
| Asset Allocation Fund | &nbsp;&nbsp; 250712 | &nbsp;&nbsp; 107065 | &nbsp;&nbsp; 54741 |
| American Funds Global Balanced Fund | &nbsp;&nbsp; 3867 | &nbsp;&nbsp; 4371 | &nbsp;&nbsp; 1147 |

---

**Interfund lending** — Pursuant to an exemptive order issued by the SEC, each fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. Each fund did not lend or borrow cash through the interfund lending program at any time during the year ended December 31, 2025.

**8. Indemnifications**

------

The series' organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the series. In the normal course of business, the series may also enter into contracts that provide general indemnifications. Each fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the series. The risk of material loss from such claims is considered remote. Insurance policies are also available to the series' board members and officers.

**9. Committed line of credit**

------

Global Small Capitalization Fund, New World Fund and American High-Income Trust participate with other funds managed by CRMC in a $1.5 billion credit facility (the "line of credit") to be utilized for temporary purposes to fund shareholder redemptions. Each fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which are reflected in other expenses in each fund's statement of operations. None of the funds borrowed on this line of credit at any time during the year ended December 31, 2025.

---

| | |
|:---|:---|
| American Funds Insurance Series | **356** |

---

------

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

**10. Capital share transactions**

------

Capital share transactions in each fund were as follows (dollars and shares in thousands):

**Global Growth Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $304055 | 8321 | &nbsp;&nbsp; $522119 | 15107 | &nbsp;&nbsp; $(541519)<br>| (14564)<br>| &nbsp;&nbsp; $284655 | 8864 |
| Class 1A | 42972 | 1157 | &nbsp;&nbsp; 3516 | 101 | &nbsp;&nbsp; (3744)<br>| (102)<br>| &nbsp;&nbsp; 42744 | 1156 |
| Class 2 | 35075 | 964 | &nbsp;&nbsp; 496369 | 14649 | &nbsp;&nbsp; (528583)<br>| (14441)<br>| &nbsp;&nbsp; 2861 | 1172 |
| Class 4 | 180514 | 5009 | &nbsp;&nbsp; 145282 | 4354 | &nbsp;&nbsp; (101231)<br>| (2811)<br>| &nbsp;&nbsp; 224565 | 6552 |
| Total net increase (decrease) | $562616 | 15451 | &nbsp;&nbsp; $1167286 | 34211 | &nbsp;&nbsp; $(1175077)<br>| (31918)<br>| &nbsp;&nbsp; $554825 | 17744 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $182743 | 4922 | &nbsp;&nbsp; $164299 | 4426 | &nbsp;&nbsp; $(478156)<br>| (12907)<br>| &nbsp;&nbsp; $(131114)<br>| (3559)<br>|
| Class 1A | 3593 | 97 | &nbsp;&nbsp; 855 | 23 | &nbsp;&nbsp; (3164)<br>| (85)<br>| &nbsp;&nbsp; 1284 | 35 |
| Class 2 | 64877 | 1789 | &nbsp;&nbsp; 160470 | 4397 | &nbsp;&nbsp; (544385)<br>| (14948)<br>| &nbsp;&nbsp; (319038)<br>| (8762)<br>|
| Class 4 | 187863 | 5186 | &nbsp;&nbsp; 36623 | 1016 | &nbsp;&nbsp; (80774)<br>| (2235)<br>| &nbsp;&nbsp; 143712 | 3967 |
| Total net increase (decrease) | $439076 | 11994 | &nbsp;&nbsp; $362247 | 9862 | &nbsp;&nbsp; $(1106479)<br>| (30175)<br>| &nbsp;&nbsp; $(305156)<br>| (8319)<br>|

---

**Global Small Capitalization Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $66285 | 3641 | &nbsp;&nbsp;&nbsp; $22933 | 1232 | &nbsp;&nbsp;&nbsp; $(343352)<br>| (18170)<br>| &nbsp;&nbsp;&nbsp; $(254134)<br>| (13297)<br>|
| Class 1A | 532 | 29 | &nbsp;&nbsp;&nbsp; 146 | 8 | &nbsp;&nbsp;&nbsp; (424)<br>| (23)<br>| &nbsp;&nbsp;&nbsp; 254 | 14 |
| Class 2 | 30784 | 1809 | &nbsp;&nbsp;&nbsp; 45015 | 2592 | &nbsp;&nbsp;&nbsp; (247355)<br>| (13805)<br>| &nbsp;&nbsp;&nbsp; (171556)<br>| (9404)<br>|
| Class 4 | 91459 | 5277 | &nbsp;&nbsp;&nbsp; 8081 | 469 | &nbsp;&nbsp;&nbsp; (44936)<br>| (2531)<br>| &nbsp;&nbsp;&nbsp; 54604 | 3215 |
| Total net increase (decrease) | $189060 | 10756 | &nbsp;&nbsp;&nbsp; $76175 | 4301 | &nbsp;&nbsp;&nbsp; $(636067)<br>| (34529)<br>| &nbsp;&nbsp;&nbsp; $(370832)<br>| (19472)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $82737 | 4519 | &nbsp;&nbsp;&nbsp; $45699 | 2557 | &nbsp;&nbsp;&nbsp; $(168033)<br>| (9099)<br>| &nbsp;&nbsp;&nbsp; $(39597)<br>| (2023)<br>|
| Class 1A | 766 | 43 | &nbsp;&nbsp;&nbsp; 239 | 14 | &nbsp;&nbsp;&nbsp; (637)<br>| (35)<br>| &nbsp;&nbsp;&nbsp; 368 | 22 |
| Class 2 | 58585 | 3367 | &nbsp;&nbsp;&nbsp; 85994 | 5139 | &nbsp;&nbsp;&nbsp; (246897)<br>| (14207)<br>| &nbsp;&nbsp;&nbsp; (102318)<br>| (5701)<br>|
| Class 4 | 41322 | 2398 | &nbsp;&nbsp;&nbsp; 13498 | 810 | &nbsp;&nbsp;&nbsp; (37390)<br>| (2159)<br>| &nbsp;&nbsp;&nbsp; 17430 | 1049 |
| Total net increase (decrease) | $183410 | 10327 | &nbsp;&nbsp;&nbsp; $145430 | 8520 | &nbsp;&nbsp;&nbsp; $(452957)<br>| (25500)<br>| &nbsp;&nbsp;&nbsp; $(124117)<br>| (6653)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **357** | American Funds Insurance Series |

---

------

**Growth Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $2221332 | 17180 | &nbsp;&nbsp; $1824411 | 14872 | &nbsp;&nbsp; $(2853744)<br>| (22053)<br>| &nbsp;&nbsp; $1191999 | 9999 |
| Class 1A | 118725 | 930 | &nbsp;&nbsp; 30539 | 252 | &nbsp;&nbsp; (115193)<br>| (884)<br>| &nbsp;&nbsp; 34071 | 298 |
| Class 2 | 504023 | 3932 | &nbsp;&nbsp; 1677068 | 13892 | &nbsp;&nbsp; (3177573)<br>| (24443)<br>| &nbsp;&nbsp; (996482)<br>| (6619)<br>|
| Class 3 | 1511 | 12 | &nbsp;&nbsp; 22118 | 178 | &nbsp;&nbsp; (36889)<br>| (277)<br>| &nbsp;&nbsp; (13260)<br>| (87)<br>|
| Class 4 | 1221571 | 9782 | &nbsp;&nbsp; 490866 | 4193 | &nbsp;&nbsp; (372784)<br>| (2965)<br>| &nbsp;&nbsp; 1339653 | 11010 |
| Total net increase (decrease) | $4067162 | 31836 | &nbsp;&nbsp; $4045002 | 33387 | &nbsp;&nbsp; $(6556183)<br>| (50622)<br>| &nbsp;&nbsp; $1555981 | 14601 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $1283657 | 11196 | &nbsp;&nbsp; $554066 | 4995 | &nbsp;&nbsp; $(2581742)<br>| (22564)<br>| &nbsp;&nbsp; $(744019)<br>| (6373)<br>|
| Class 1A | 43180 | 381 | &nbsp;&nbsp; 8596 | 79 | &nbsp;&nbsp; (33697)<br>| (304)<br>| &nbsp;&nbsp; 18079 | 156 |
| Class 2 | 414661 | 3673 | &nbsp;&nbsp; 506251 | 4690 | &nbsp;&nbsp; (3189792)<br>| (28372)<br>| &nbsp;&nbsp; (2268880)<br>| (20009)<br>|
| Class 3 | 1071 | 10 | &nbsp;&nbsp; 6848 | 62 | &nbsp;&nbsp; (32036)<br>| (278)<br>| &nbsp;&nbsp; (24117)<br>| (206)<br>|
| Class 4 | 874214 | 7971 | &nbsp;&nbsp; 107359 | 1032 | &nbsp;&nbsp; (368353)<br>| (3358)<br>| &nbsp;&nbsp; 613220 | 5645 |
| Total net increase (decrease) | $2616783 | 23231 | &nbsp;&nbsp; $1183120 | 10858 | &nbsp;&nbsp; $(6205620)<br>| (54876)<br>| &nbsp;&nbsp; $(2405717)<br>| (20787)<br>|

---

**International Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $123286 | 6300 | &nbsp;&nbsp; $49061 | 2250 | &nbsp;&nbsp; $(619084)<br>| (30505)<br>| &nbsp;&nbsp; $(446737)<br>| (21955)<br>|
| Class 1A | 1909 | 93 | &nbsp;&nbsp; 205 | 10 | &nbsp;&nbsp; (1577)<br>| (80)<br>| &nbsp;&nbsp; 537 | 23 |
| Class 2 | 158584 | 8280 | &nbsp;&nbsp; 44060 | 2025 | &nbsp;&nbsp; (720522)<br>| (36038)<br>| &nbsp;&nbsp; (517878)<br>| (25733)<br>|
| Class 3 | 143 | 7 | &nbsp;&nbsp; 210 | 10 | &nbsp;&nbsp; (1989)<br>| (100)<br>| &nbsp;&nbsp; (1636)<br>| (83)<br>|
| Class 4 | 72454 | 3758 | &nbsp;&nbsp; 6153 | 287 | &nbsp;&nbsp; (59496)<br>| (3027)<br>| &nbsp;&nbsp; 19111 | 1018 |
| Total net increase (decrease) | $356376 | 18438 | &nbsp;&nbsp; $99689 | 4582 | &nbsp;&nbsp; $(1402668)<br>| (69750)<br>| &nbsp;&nbsp; $(946603)<br>| (46730)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $103818 | 5617 | &nbsp;&nbsp; $46267 | 2445 | &nbsp;&nbsp; $(505047)<br>| (27104)<br>| &nbsp;&nbsp; $(354962)<br>| (19042)<br>|
| Class 1A | 2421 | 132 | &nbsp;&nbsp; 158 | 9 | &nbsp;&nbsp; (2072)<br>| (114)<br>| &nbsp;&nbsp; 507 | 27 |
| Class 2 | 294279 | 16201 | &nbsp;&nbsp; 40220 | 2136 | &nbsp;&nbsp; (554239)<br>| (30168)<br>| &nbsp;&nbsp; (219740)<br>| (11831)<br>|
| Class 3 | 2 | — <br><sup>2</sup><br>| &nbsp;&nbsp; 191 | 10 | &nbsp;&nbsp; (2572)<br>| (137)<br>| &nbsp;&nbsp; (2379)<br>| (127)<br>|
| Class 4 | 64019 | 3511 | &nbsp;&nbsp; 4485 | 242 | &nbsp;&nbsp; (49713)<br>| (2726)<br>| &nbsp;&nbsp; 18791 | 1027 |
| Total net increase (decrease) | $464539 | 25461 | &nbsp;&nbsp; $91321 | 4842 | &nbsp;&nbsp; $(1113643)<br>| (60249)<br>| &nbsp;&nbsp; $(557783)<br>| (29946)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **358** |

---

------

**New World Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $158509 | 5359 | &nbsp;&nbsp;&nbsp; $103852 | 3572 | &nbsp;&nbsp;&nbsp; $(340861)<br>| (11604)<br>| &nbsp;&nbsp;&nbsp; $(78500)<br>| (2673)<br>|
| Class 1A | 18473 | 602 | &nbsp;&nbsp;&nbsp; 822 | 28 | &nbsp;&nbsp;&nbsp; (2946)<br>| (103)<br>| &nbsp;&nbsp;&nbsp; 16349 | 527 |
| Class 2 | 114042 | 3791 | &nbsp;&nbsp;&nbsp; 43585 | 1527 | &nbsp;&nbsp;&nbsp; (173334)<br>| (5988)<br>| &nbsp;&nbsp;&nbsp; (15707)<br>| (670)<br>|
| Class 4 | 92171 | 3197 | &nbsp;&nbsp;&nbsp; 44726 | 1588 | &nbsp;&nbsp;&nbsp; (148239)<br>| (5158)<br>| &nbsp;&nbsp;&nbsp; (11342)<br>| (373)<br>|
| Total net increase (decrease) | $383195 | 12949 | &nbsp;&nbsp;&nbsp; $192985 | 6715 | &nbsp;&nbsp;&nbsp; $(665380)<br>| (22853)<br>| &nbsp;&nbsp;&nbsp; $(89200)<br>| (3189)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $211139 | 7770 | &nbsp;&nbsp;&nbsp; $37940 | 1389 | &nbsp;&nbsp;&nbsp; $(310526)<br>| (11467)<br>| &nbsp;&nbsp;&nbsp; $(61447)<br>| (2308)<br>|
| Class 1A | 2546 | 92 | &nbsp;&nbsp;&nbsp; 216 | 8 | &nbsp;&nbsp;&nbsp; (1406)<br>| (52)<br>| &nbsp;&nbsp;&nbsp; 1356 | 48 |
| Class 2 | 97709 | 3717 | &nbsp;&nbsp;&nbsp; 15121 | 562 | &nbsp;&nbsp;&nbsp; (163082)<br>| (6131)<br>| &nbsp;&nbsp;&nbsp; (50252)<br>| (1852)<br>|
| Class 4 | 79272 | 3006 | &nbsp;&nbsp;&nbsp; 13389 | 502 | &nbsp;&nbsp;&nbsp; (106780)<br>| (4055)<br>| &nbsp;&nbsp;&nbsp; (14119)<br>| (547)<br>|
| Total net increase (decrease) | $390666 | 14585 | &nbsp;&nbsp;&nbsp; $66666 | 2461 | &nbsp;&nbsp;&nbsp; $(581794)<br>| (21705)<br>| &nbsp;&nbsp;&nbsp; $(124462)<br>| (4659)<br>|

---

**Washington Mutual Investors Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $140928 | 8311 | &nbsp;&nbsp; $526965 | 31376 | &nbsp;&nbsp; $(1006677)<br>| (57564)<br>| &nbsp;&nbsp; $(338784)<br>| (17877)<br>|
| Class 1A | 6301 | 363 | &nbsp;&nbsp; 2764 | 166 | &nbsp;&nbsp; (2905)<br>| (165)<br>| &nbsp;&nbsp; 6160 | 364 |
| Class 2 | 90385 | 5278 | &nbsp;&nbsp; 251281 | 15319 | &nbsp;&nbsp; (430673)<br>| (25241)<br>| &nbsp;&nbsp; (89007)<br>| (4644)<br>|
| Class 4 | 377965 | 22441 | &nbsp;&nbsp; 164617 | 10176 | &nbsp;&nbsp; (110363)<br>| (6612)<br>| &nbsp;&nbsp; 432219 | 26005 |
| Total net increase (decrease) | $615579 | 36393 | &nbsp;&nbsp; $945627 | 57037 | &nbsp;&nbsp; $(1550618)<br>| (89582)<br>| &nbsp;&nbsp; $10588 | 3848 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $87079 | 5408 | &nbsp;&nbsp; $161220 | 9874 | &nbsp;&nbsp; $(948618)<br>| (58997)<br>| &nbsp;&nbsp; $(700319)<br>| (43715)<br>|
| Class 1A | 4491 | 279 | &nbsp;&nbsp; 628 | 38 | &nbsp;&nbsp; (3232)<br>| (205)<br>| &nbsp;&nbsp; 1887 | 112 |
| Class 2 | 56060 | 3529 | &nbsp;&nbsp; 71557 | 4484 | &nbsp;&nbsp; (477590)<br>| (30368)<br>| &nbsp;&nbsp; (349973)<br>| (22355)<br>|
| Class 4 | 260219 | 16589 | &nbsp;&nbsp; 36302 | 2301 | &nbsp;&nbsp; (99151)<br>| (6416)<br>| &nbsp;&nbsp; 197370 | 12474 |
| Total net increase (decrease) | $407849 | 25805 | &nbsp;&nbsp; $269707 | 16697 | &nbsp;&nbsp; $(1528591)<br>| (95986)<br>| &nbsp;&nbsp; $(851035)<br>| (53484)<br>|

---

**U.S. Small and Mid Cap Equity Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | &nbsp;&nbsp; $94466 | &nbsp;&nbsp; 8554 | &nbsp;&nbsp;&nbsp; $364 | &nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp; $(8030)<br>| &nbsp;&nbsp; (726)<br>| &nbsp;&nbsp;&nbsp; $86800 | &nbsp;&nbsp; 7860 |
| Class 1A | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>|
| Class 2 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>|
| Class 4 | &nbsp;&nbsp; 14686 | &nbsp;&nbsp; 1364 | &nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; (19609)<br>| &nbsp;&nbsp; (1843)<br>| &nbsp;&nbsp;&nbsp; (4890)<br>| &nbsp;&nbsp; (476)<br>|
| Total net increase (decrease) | &nbsp;&nbsp; $109152 | &nbsp;&nbsp; 9918 | &nbsp;&nbsp;&nbsp; $397 | &nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp; $(27639)<br>| &nbsp;&nbsp; (2569)<br>| &nbsp;&nbsp;&nbsp; $81910 | &nbsp;&nbsp; 7384 |
| **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** | **For the period November 15, 2024**<sup>3</sup> **to December 31, 2024** |
| Class 1 | &nbsp;&nbsp; $10 | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; $— <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $10 | &nbsp;&nbsp; 1 |
| Class 1A | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp; 1 |
| Class 2 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp; — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp; 1 |
| Class 4 | &nbsp;&nbsp; 14970 | &nbsp;&nbsp; 1497 | &nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14983 | &nbsp;&nbsp; 1498 |
| Total net increase (decrease) | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; 1500 | &nbsp;&nbsp;&nbsp; $13 | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; $15013 | &nbsp;&nbsp; 1501 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **359** | American Funds Insurance Series |

---

------

**Capital World Growth and Income Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $61144 | 3871 | &nbsp;&nbsp;&nbsp; $30791 | 1846 | &nbsp;&nbsp;&nbsp; $(173302)<br>| (10431)<br>| &nbsp;&nbsp;&nbsp; $(81367)<br>| (4714)<br>|
| Class 1A | 1669 | 101 | &nbsp;&nbsp;&nbsp; 519 | 31 | &nbsp;&nbsp;&nbsp; (625)<br>| (37)<br>| &nbsp;&nbsp;&nbsp; 1563 | 95 |
| Class 2 | 28763 | 1702 | &nbsp;&nbsp;&nbsp; 51975 | 3135 | &nbsp;&nbsp;&nbsp; (185399)<br>| (11041)<br>| &nbsp;&nbsp;&nbsp; (104661)<br>| (6204)<br>|
| Class 4 | 58603 | 3584 | &nbsp;&nbsp;&nbsp; 15355 | 952 | &nbsp;&nbsp;&nbsp; (32104)<br>| (1961)<br>| &nbsp;&nbsp;&nbsp; 41854 | 2575 |
| Total net increase (decrease) | $150179 | 9258 | &nbsp;&nbsp;&nbsp; $98640 | 5964 | &nbsp;&nbsp;&nbsp; $(391430)<br>| (23470)<br>| &nbsp;&nbsp;&nbsp; $(142611)<br>| (8248)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $61832 | 4046 | &nbsp;&nbsp;&nbsp; $11187 | 709 | &nbsp;&nbsp;&nbsp; $(124340)<br>| (8176)<br>| &nbsp;&nbsp;&nbsp; $(51321)<br>| (3421)<br>|
| Class 1A | 1263 | 86 | &nbsp;&nbsp;&nbsp; 144 | 9 | &nbsp;&nbsp;&nbsp; (793)<br>| (51)<br>| &nbsp;&nbsp;&nbsp; 614 | 44 |
| Class 2 | 14751 | 970 | &nbsp;&nbsp;&nbsp; 17039 | 1085 | &nbsp;&nbsp;&nbsp; (177803)<br>| (11812)<br>| &nbsp;&nbsp;&nbsp; (146013)<br>| (9757)<br>|
| Class 4 | 31604 | 2138 | &nbsp;&nbsp;&nbsp; 3943 | 258 | &nbsp;&nbsp;&nbsp; (30478)<br>| (2080)<br>| &nbsp;&nbsp;&nbsp; 5069 | 316 |
| Total net increase (decrease) | $109450 | 7240 | &nbsp;&nbsp;&nbsp; $32313 | 2061 | &nbsp;&nbsp;&nbsp; $(333414)<br>| (22119)<br>| &nbsp;&nbsp;&nbsp; $(191651)<br>| (12818)<br>|

---

**Growth-Income Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $684973 | 10461 | &nbsp;&nbsp; $4387256 | 72937 | &nbsp;&nbsp; $(3619605)<br>| (54457)<br>| &nbsp;&nbsp; $1452624 | 28941 |
| Class 1A | 6675 | 102 | &nbsp;&nbsp; 8152 | 137 | &nbsp;&nbsp; (4519)<br>| (68)<br>| &nbsp;&nbsp; 10308 | 171 |
| Class 2 | 125378 | 1919 | &nbsp;&nbsp; 2468820 | 42004 | &nbsp;&nbsp; (1981266)<br>| (30316)<br>| &nbsp;&nbsp; 612932 | 13607 |
| Class 3 | 1554 | 24 | &nbsp;&nbsp; 26641 | 442 | &nbsp;&nbsp; (19918)<br>| (294)<br>| &nbsp;&nbsp; 8277 | 172 |
| Class 4 | 408921 | 6393 | &nbsp;&nbsp; 520690 | 9074 | &nbsp;&nbsp; (327755)<br>| (5109)<br>| &nbsp;&nbsp; 601856 | 10358 |
| Total net increase (decrease) | $1227501 | 18899 | &nbsp;&nbsp; $7411559 | 124594 | &nbsp;&nbsp; $(5953063)<br>| (90244)<br>| &nbsp;&nbsp; $2685997 | 53249 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $332044 | 5020 | &nbsp;&nbsp; $1360424 | 21268 | &nbsp;&nbsp; $(3357393)<br>| (51220)<br>| &nbsp;&nbsp; $(1664925)<br>| (24932)<br>|
| Class 1A | 5383 | 81 | &nbsp;&nbsp; 2198 | 35 | &nbsp;&nbsp; (5242)<br>| (81)<br>| &nbsp;&nbsp; 2339 | 35 |
| Class 2 | 113447 | 1761 | &nbsp;&nbsp; 760811 | 12154 | &nbsp;&nbsp; (2068284)<br>| (32090)<br>| &nbsp;&nbsp; (1194026)<br>| (18175)<br>|
| Class 3 | 313 | 5 | &nbsp;&nbsp; 8392 | 131 | &nbsp;&nbsp; (19777)<br>| (301)<br>| &nbsp;&nbsp; (11072)<br>| (165)<br>|
| Class 4 | 332452 | 5218 | &nbsp;&nbsp; 131545 | 2144 | &nbsp;&nbsp; (199130)<br>| (3142)<br>| &nbsp;&nbsp; 264867 | 4220 |
| Total net increase (decrease) | $783639 | 12085 | &nbsp;&nbsp; $2263370 | 35732 | &nbsp;&nbsp; $(5649826)<br>| (86834)<br>| &nbsp;&nbsp; $(2602817)<br>| (39017)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **360** |

---

------

**International Growth and Income Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $21760 | 1847 | &nbsp;&nbsp;&nbsp; $836 | 64 | &nbsp;&nbsp;&nbsp; $(11542)<br>| (986)<br>| &nbsp;&nbsp;&nbsp; $11054 | 925 |
| Class 1A | 1735 | 146 | &nbsp;&nbsp;&nbsp; 211 | 17 | &nbsp;&nbsp;&nbsp; (982)<br>| (83)<br>| &nbsp;&nbsp;&nbsp; 964 | 80 |
| Class 2 | 6438 | 538 | &nbsp;&nbsp;&nbsp; 4052 | 319 | &nbsp;&nbsp;&nbsp; (32846)<br>| (2832)<br>| &nbsp;&nbsp;&nbsp; (22356)<br>| (1975)<br>|
| Class 4 | 40773 | 3574 | &nbsp;&nbsp;&nbsp; 4102 | 330 | &nbsp;&nbsp;&nbsp; (56151)<br>| (4650)<br>| &nbsp;&nbsp;&nbsp; (11276)<br>| (746)<br>|
| Total net increase (decrease) | $70706 | 6105 | &nbsp;&nbsp;&nbsp; $9201 | 730 | &nbsp;&nbsp;&nbsp; $(101521)<br>| (8551)<br>| &nbsp;&nbsp;&nbsp; $(21614)<br>| (1716)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $3051 | 287 | &nbsp;&nbsp;&nbsp; $461 | 43 | &nbsp;&nbsp;&nbsp; $(1958)<br>| (184)<br>| &nbsp;&nbsp;&nbsp; $1554 | 146 |
| Class 1A | 950 | 92 | &nbsp;&nbsp;&nbsp; 156 | 15 | &nbsp;&nbsp;&nbsp; (1296)<br>| (129)<br>| &nbsp;&nbsp;&nbsp; (190)<br>| (22)<br>|
| Class 2 | 5039 | 489 | &nbsp;&nbsp;&nbsp; 3897 | 378 | &nbsp;&nbsp;&nbsp; (25957)<br>| (2509)<br>| &nbsp;&nbsp;&nbsp; (17021)<br>| (1642)<br>|
| Class 4 | 22262 | 2198 | &nbsp;&nbsp;&nbsp; 3583 | 353 | &nbsp;&nbsp;&nbsp; (19235)<br>| (1887)<br>| &nbsp;&nbsp;&nbsp; 6610 | 664 |
| Total net increase (decrease) | $31302 | 3066 | &nbsp;&nbsp;&nbsp; $8097 | 789 | &nbsp;&nbsp;&nbsp; $(48446)<br>| (4709)<br>| &nbsp;&nbsp;&nbsp; $(9047)<br>| (854)<br>|

---

**Capital Income Builder** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $85393 | 6373 | &nbsp;&nbsp;&nbsp; $25206 | 1809 | &nbsp;&nbsp;&nbsp; $(99423)<br>| (7387)<br>| &nbsp;&nbsp;&nbsp; $11176 | 795 |
| Class 1A | 2260 | 165 | &nbsp;&nbsp;&nbsp; 416 | 30 | &nbsp;&nbsp;&nbsp; (1912)<br>| (141)<br>| &nbsp;&nbsp;&nbsp; 764 | 54 |
| Class 2 | 2677 | 195 | &nbsp;&nbsp;&nbsp; 618 | 44 | &nbsp;&nbsp;&nbsp; (1985)<br>| (147)<br>| &nbsp;&nbsp;&nbsp; 1310 | 92 |
| Class 4 | 124148 | 9183 | &nbsp;&nbsp;&nbsp; 19776 | 1420 | &nbsp;&nbsp;&nbsp; (100988)<br>| (7397)<br>| &nbsp;&nbsp;&nbsp; 42936 | 3206 |
| Total net increase (decrease) | $214478 | 15916 | &nbsp;&nbsp;&nbsp; $46016 | 3303 | &nbsp;&nbsp;&nbsp; $(204308)<br>| (15072)<br>| &nbsp;&nbsp;&nbsp; $56186 | 4147 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $55004 | 4532 | &nbsp;&nbsp;&nbsp; $25389 | 2057 | &nbsp;&nbsp;&nbsp; $(74884)<br>| (6100)<br>| &nbsp;&nbsp;&nbsp; $5509 | 489 |
| Class 1A | 1738 | 141 | &nbsp;&nbsp;&nbsp; 397 | 32 | &nbsp;&nbsp;&nbsp; (825)<br>| (68)<br>| &nbsp;&nbsp;&nbsp; 1310 | 105 |
| Class 2 | 3421 | 272 | &nbsp;&nbsp;&nbsp; 575 | 47 | &nbsp;&nbsp;&nbsp; (1546)<br>| (126)<br>| &nbsp;&nbsp;&nbsp; 2450 | 193 |
| Class 4 | 82282 | 6662 | &nbsp;&nbsp;&nbsp; 19315 | 1565 | &nbsp;&nbsp;&nbsp; (75684)<br>| (6165)<br>| &nbsp;&nbsp;&nbsp; 25913 | 2062 |
| Total net increase (decrease) | $142445 | 11607 | &nbsp;&nbsp;&nbsp; $45676 | 3701 | &nbsp;&nbsp;&nbsp; $(152939)<br>| (12459)<br>| &nbsp;&nbsp;&nbsp; $35182 | 2849 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **361** | American Funds Insurance Series |

---

------

**Asset Allocation Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $294441 | 11354 | &nbsp;&nbsp; $1457889 | 56910 | &nbsp;&nbsp; $(2784021)<br>| (104912)<br>| &nbsp;&nbsp; $(1031691)<br>| (36648)<br>|
| Class 1A | 12382 | 473 | &nbsp;&nbsp; 4101 | 161 | &nbsp;&nbsp; (5261)<br>| (199)<br>| &nbsp;&nbsp; 11222 | 435 |
| Class 2 | 79938 | 3065 | &nbsp;&nbsp; 392837 | 15618 | &nbsp;&nbsp; (657596)<br>| (25193)<br>| &nbsp;&nbsp; (184821)<br>| (6510)<br>|
| Class 3 | 598 | 23 | &nbsp;&nbsp; 2965 | 116 | &nbsp;&nbsp; (2207)<br>| (84)<br>| &nbsp;&nbsp; 1356 | 55 |
| Class 4 | 385083 | 14916 | &nbsp;&nbsp; 612040 | 24612 | &nbsp;&nbsp; (768899)<br>| (29799)<br>| &nbsp;&nbsp; 228224 | 9729 |
| Total net increase (decrease) | $772442 | 29831 | &nbsp;&nbsp; $2469832 | 97417 | &nbsp;&nbsp; $(4217984)<br>| (160187)<br>| &nbsp;&nbsp; $(975710)<br>| (32939)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $189766 | 7473 | &nbsp;&nbsp; $1052819 | 42339 | &nbsp;&nbsp; $(2193455)<br>| (86366)<br>| &nbsp;&nbsp; $(950870)<br>| (36554)<br>|
| Class 1A | 9384 | 373 | &nbsp;&nbsp; 2270 | 91 | &nbsp;&nbsp; (5272)<br>| (211)<br>| &nbsp;&nbsp; 6382 | 253 |
| Class 2 | 63147 | 2538 | &nbsp;&nbsp; 280024 | 11458 | &nbsp;&nbsp; (646053)<br>| (25867)<br>| &nbsp;&nbsp; (302882)<br>| (11871)<br>|
| Class 3 | 546 | 22 | &nbsp;&nbsp; 2019 | 81 | &nbsp;&nbsp; (3219)<br>| (128)<br>| &nbsp;&nbsp; (654)<br>| (25)<br>|
| Class 4 | 595855 | 24315 | &nbsp;&nbsp; 406136 | 16791 | &nbsp;&nbsp; (703265)<br>| (28339)<br>| &nbsp;&nbsp; 298726 | 12767 |
| Total net increase (decrease) | $858698 | 34721 | &nbsp;&nbsp; $1743268 | 70760 | &nbsp;&nbsp; $(3551264)<br>| (140911)<br>| &nbsp;&nbsp; $(949298)<br>| (35430)<br>|

---

**American Funds Global Balanced Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | &nbsp;&nbsp; $6531 | &nbsp;&nbsp; 484 | &nbsp;&nbsp;&nbsp; $5082 | &nbsp;&nbsp; 376 | &nbsp;&nbsp;&nbsp; $(20431)<br>| &nbsp;&nbsp; (1505)<br>| &nbsp;&nbsp;&nbsp; $(8818)<br>| &nbsp;&nbsp; (645)<br>|
| Class 1A | &nbsp;&nbsp; 829 | &nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp; 212 | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp; (593)<br>| &nbsp;&nbsp; (44)<br>| &nbsp;&nbsp;&nbsp; 448 | &nbsp;&nbsp; 32 |
| Class 2 | &nbsp;&nbsp; 4258 | &nbsp;&nbsp; 313 | &nbsp;&nbsp;&nbsp; 7557 | &nbsp;&nbsp; 564 | &nbsp;&nbsp;&nbsp; (29048)<br>| &nbsp;&nbsp; (2132)<br>| &nbsp;&nbsp;&nbsp; (17233)<br>| &nbsp;&nbsp; (1255)<br>|
| Class 4 | &nbsp;&nbsp; 52129 | &nbsp;&nbsp; 3887 | &nbsp;&nbsp;&nbsp; 8574 | &nbsp;&nbsp; 652 | &nbsp;&nbsp;&nbsp; (21417)<br>| &nbsp;&nbsp; (1605)<br>| &nbsp;&nbsp;&nbsp; 39286 | &nbsp;&nbsp; 2934 |
| Total net increase (decrease) | &nbsp;&nbsp; $63747 | &nbsp;&nbsp; 4744 | &nbsp;&nbsp;&nbsp; $21425 | &nbsp;&nbsp; 1608 | &nbsp;&nbsp;&nbsp; $(71489)<br>| &nbsp;&nbsp; (5286)<br>| &nbsp;&nbsp;&nbsp; $13683 | &nbsp;&nbsp; 1066 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | &nbsp;&nbsp; $5008 | &nbsp;&nbsp; 386 | &nbsp;&nbsp;&nbsp; $1963 | &nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp; $(13832)<br>| &nbsp;&nbsp; (1065)<br>| &nbsp;&nbsp;&nbsp; $(6861)<br>| &nbsp;&nbsp; (530)<br>|
| Class 1A | &nbsp;&nbsp; 1071 | &nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; (316)<br>| &nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp; 819 | &nbsp;&nbsp; 62 |
| Class 2 | &nbsp;&nbsp; 5061 | &nbsp;&nbsp; 388 | &nbsp;&nbsp;&nbsp; 2714 | &nbsp;&nbsp; 208 | &nbsp;&nbsp;&nbsp; (26779)<br>| &nbsp;&nbsp; (2070)<br>| &nbsp;&nbsp;&nbsp; (19004)<br>| &nbsp;&nbsp; (1474)<br>|
| Class 4 | &nbsp;&nbsp; 23792 | &nbsp;&nbsp; 1863 | &nbsp;&nbsp;&nbsp; 2307 | &nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp; (15540)<br>| &nbsp;&nbsp; (1226)<br>| &nbsp;&nbsp;&nbsp; 10559 | &nbsp;&nbsp; 817 |
| Total net increase (decrease) | &nbsp;&nbsp; $34932 | &nbsp;&nbsp; 2719 | &nbsp;&nbsp;&nbsp; $7048 | &nbsp;&nbsp; 542 | &nbsp;&nbsp;&nbsp; $(56467)<br>| &nbsp;&nbsp; (4386)<br>| &nbsp;&nbsp;&nbsp; $(14487)<br>| &nbsp;&nbsp; (1125)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **362** |

---

------

**The Bond Fund of America** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $967884 | 101560 | &nbsp;&nbsp; $301425 | 31796 | &nbsp;&nbsp; $(1549531)<br>| (162304)<br>| &nbsp;&nbsp; $(280222)<br>| (28948)<br>|
| Class 1A | 78228 | 8287 | &nbsp;&nbsp; 12103 | 1287 | &nbsp;&nbsp; (20799)<br>| (2206)<br>| &nbsp;&nbsp; 69532 | 7368 |
| Class 2 | 95476 | 10155 | &nbsp;&nbsp; 115204 | 12362 | &nbsp;&nbsp; (327900)<br>| (34938)<br>| &nbsp;&nbsp; (117220)<br>| (12421)<br>|
| Class 4 | 277694 | 29681 | &nbsp;&nbsp; 56394 | 6089 | &nbsp;&nbsp; (125920)<br>| (13500)<br>| &nbsp;&nbsp; 208168 | 22270 |
| Total net increase (decrease) | $1419282 | 149683 | &nbsp;&nbsp; $485126 | 51534 | &nbsp;&nbsp; $(2024150)<br>| (212948)<br>| &nbsp;&nbsp; $(119742)<br>| (11731)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $997057 | 104811 | &nbsp;&nbsp; $303806 | 32314 | &nbsp;&nbsp; $(1023095)<br>| (106864)<br>| &nbsp;&nbsp; $277768 | 30261 |
| Class 1A | 30267 | 3210 | &nbsp;&nbsp; 8908 | 955 | &nbsp;&nbsp; (69212)<br>| (7414)<br>| &nbsp;&nbsp; (30037)<br>| (3249)<br>|
| Class 2 | 118960 | 12741 | &nbsp;&nbsp; 115243 | 12454 | &nbsp;&nbsp; (268162)<br>| (28438)<br>| &nbsp;&nbsp; (33959)<br>| (3243)<br>|
| Class 4 | 297378 | 31907 | &nbsp;&nbsp; 45913 | 4990 | &nbsp;&nbsp; (82229)<br>| (8801)<br>| &nbsp;&nbsp; 261062 | 28096 |
| Total net increase (decrease) | $1443662 | 152669 | &nbsp;&nbsp; $473870 | 50713 | &nbsp;&nbsp; $(1442698)<br>| (151517)<br>| &nbsp;&nbsp; $474834 | 51865 |

---

**Capital World Bond Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $81146 | 7964 | &nbsp;&nbsp;&nbsp; $19172 | 1887 | &nbsp;&nbsp;&nbsp; $(113554)<br>| (11168)<br>| &nbsp;&nbsp;&nbsp; $(13236)<br>| (1317)<br>|
| Class 1A | 6629 | 658 | &nbsp;&nbsp;&nbsp; 837 | 83 | &nbsp;&nbsp;&nbsp; (19119)<br>| (1921)<br>| &nbsp;&nbsp;&nbsp; (11653)<br>| (1180)<br>|
| Class 2 | 78645 | 7818 | &nbsp;&nbsp;&nbsp; 22086 | 2199 | &nbsp;&nbsp;&nbsp; (148416)<br>| (14851)<br>| &nbsp;&nbsp;&nbsp; (47685)<br>| (4834)<br>|
| Class 4 | 24427 | 2456 | &nbsp;&nbsp;&nbsp; 2211 | 224 | &nbsp;&nbsp;&nbsp; (9368)<br>| (946)<br>| &nbsp;&nbsp;&nbsp; 17270 | 1734 |
| Total net increase (decrease) | $190847 | 18896 | &nbsp;&nbsp;&nbsp; $44306 | 4393 | &nbsp;&nbsp;&nbsp; $(290457)<br>| (28886)<br>| &nbsp;&nbsp;&nbsp; $(55304)<br>| (5597)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $50423 | 5049 | &nbsp;&nbsp;&nbsp; $15387 | 1561 | &nbsp;&nbsp;&nbsp; $(110677)<br>| (11006)<br>| &nbsp;&nbsp;&nbsp; $(44867)<br>| (4396)<br>|
| Class 1A | 39370 | 4030 | &nbsp;&nbsp;&nbsp; 983 | 100 | &nbsp;&nbsp;&nbsp; (1586)<br>| (160)<br>| &nbsp;&nbsp;&nbsp; 38767 | 3970 |
| Class 2 | 107727 | 10975 | &nbsp;&nbsp;&nbsp; 16410 | 1683 | &nbsp;&nbsp;&nbsp; (141037)<br>| (14229)<br>| &nbsp;&nbsp;&nbsp; (16900)<br>| (1571)<br>|
| Class 4 | 13021 | 1348 | &nbsp;&nbsp;&nbsp; 1135 | 119 | &nbsp;&nbsp;&nbsp; (7549)<br>| (775)<br>| &nbsp;&nbsp;&nbsp; 6607 | 692 |
| Total net increase (decrease) | $210541 | 21402 | &nbsp;&nbsp;&nbsp; $33915 | 3463 | &nbsp;&nbsp;&nbsp; $(260849)<br>| (26170)<br>| &nbsp;&nbsp;&nbsp; $(16393)<br>| (1305)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **363** | American Funds Insurance Series |

---

------

**American High-Income Trust** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $34287 | 3728 | &nbsp;&nbsp;&nbsp; $16202 | 1746 | &nbsp;&nbsp;&nbsp; $(29101)<br>| (3085)<br>| &nbsp;&nbsp;&nbsp; $21388 | 2389 |
| Class 1A | 5913 | 617 | &nbsp;&nbsp;&nbsp; 438 | 47 | &nbsp;&nbsp;&nbsp; (1640)<br>| (174)<br>| &nbsp;&nbsp;&nbsp; 4711 | 490 |
| Class 2 | 34261 | 3735 | &nbsp;&nbsp;&nbsp; 34272 | 3796 | &nbsp;&nbsp;&nbsp; (79188)<br>| (8621)<br>| &nbsp;&nbsp;&nbsp; (10655)<br>| (1090)<br>|
| Class 3 | 292 | 31 | &nbsp;&nbsp;&nbsp; 495 | 53 | &nbsp;&nbsp;&nbsp; (1072)<br>| (113)<br>| &nbsp;&nbsp;&nbsp; (285)<br>| (29)<br>|
| Class 4 | 121429 | 11743 | &nbsp;&nbsp;&nbsp; 12704 | 1244 | &nbsp;&nbsp;&nbsp; (57610)<br>| (5614)<br>| &nbsp;&nbsp;&nbsp; 76523 | 7373 |
| Total net increase (decrease) | $196182 | 19854 | &nbsp;&nbsp;&nbsp; $64111 | 6886 | &nbsp;&nbsp;&nbsp; $(168611)<br>| (17607)<br>| &nbsp;&nbsp;&nbsp; $91682 | 9133 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $9340 | 1009 | &nbsp;&nbsp;&nbsp; $15096 | 1627 | &nbsp;&nbsp;&nbsp; $(25253)<br>| (2709)<br>| &nbsp;&nbsp;&nbsp; $(817)<br>| (73)<br>|
| Class 1A | 996 | 107 | &nbsp;&nbsp;&nbsp; 199 | 21 | &nbsp;&nbsp;&nbsp; (720)<br>| (77)<br>| &nbsp;&nbsp;&nbsp; 475 | 51 |
| Class 2 | 18069 | 1979 | &nbsp;&nbsp;&nbsp; 35146 | 3885 | &nbsp;&nbsp;&nbsp; (64581)<br>| (7119)<br>| &nbsp;&nbsp;&nbsp; (11366)<br>| (1255)<br>|
| Class 3 | 151 | 16 | &nbsp;&nbsp;&nbsp; 529 | 57 | &nbsp;&nbsp;&nbsp; (1201)<br>| (130)<br>| &nbsp;&nbsp;&nbsp; (521)<br>| (57)<br>|
| Class 4 | 93982 | 9271 | &nbsp;&nbsp;&nbsp; 8335 | 821 | &nbsp;&nbsp;&nbsp; (55362)<br>| (5531)<br>| &nbsp;&nbsp;&nbsp; 46955 | 4561 |
| Total net increase (decrease) | $122538 | 12382 | &nbsp;&nbsp;&nbsp; $59305 | 6411 | &nbsp;&nbsp;&nbsp; $(147117)<br>| (15566)<br>| &nbsp;&nbsp;&nbsp; $34726 | 3227 |

---

**American Funds Mortgage Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | &nbsp;&nbsp; $422 | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp; $803 | &nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp; $(161)<br>| &nbsp;&nbsp; (17)<br>| &nbsp;&nbsp;&nbsp; $1064 | &nbsp;&nbsp; 113 |
| Class 1A | &nbsp;&nbsp; 765 | &nbsp;&nbsp; 83 | &nbsp;&nbsp;&nbsp; 136 | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; (381)<br>| &nbsp;&nbsp; (41)<br>| &nbsp;&nbsp;&nbsp; 520 | &nbsp;&nbsp; 57 |
| Class 2 | &nbsp;&nbsp; 2443 | &nbsp;&nbsp; 262 | &nbsp;&nbsp;&nbsp; 1703 | &nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp; (6870)<br>| &nbsp;&nbsp; (736)<br>| &nbsp;&nbsp;&nbsp; (2724)<br>| &nbsp;&nbsp; (290)<br>|
| Class 4 | &nbsp;&nbsp; 17888 | &nbsp;&nbsp; 1929 | &nbsp;&nbsp;&nbsp; 2473 | &nbsp;&nbsp; 270 | &nbsp;&nbsp;&nbsp; (8887)<br>| &nbsp;&nbsp; (963)<br>| &nbsp;&nbsp;&nbsp; 11474 | &nbsp;&nbsp; 1236 |
| Total net increase (decrease) | &nbsp;&nbsp; $21518 | &nbsp;&nbsp; 2319 | &nbsp;&nbsp;&nbsp; $5115 | &nbsp;&nbsp; 554 | &nbsp;&nbsp;&nbsp; $(16299)<br>| &nbsp;&nbsp; (1757)<br>| &nbsp;&nbsp;&nbsp; $10334 | &nbsp;&nbsp; 1116 |
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | &nbsp;&nbsp; $170 | &nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp; $804 | &nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp; $(279)<br>| &nbsp;&nbsp; (30)<br>| &nbsp;&nbsp;&nbsp; $695 | &nbsp;&nbsp; 75 |
| Class 1A | &nbsp;&nbsp; 976 | &nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp; (195)<br>| &nbsp;&nbsp; (21)<br>| &nbsp;&nbsp;&nbsp; 902 | &nbsp;&nbsp; 97 |
| Class 2 | &nbsp;&nbsp; 3228 | &nbsp;&nbsp; 349 | &nbsp;&nbsp;&nbsp; 1928 | &nbsp;&nbsp; 211 | &nbsp;&nbsp;&nbsp; (5636)<br>| &nbsp;&nbsp; (603)<br>| &nbsp;&nbsp;&nbsp; (480)<br>| &nbsp;&nbsp; (43)<br>|
| Class 4 | &nbsp;&nbsp; 18316 | &nbsp;&nbsp; 1981 | &nbsp;&nbsp;&nbsp; 2148 | &nbsp;&nbsp; 239 | &nbsp;&nbsp;&nbsp; (14351)<br>| &nbsp;&nbsp; (1539)<br>| &nbsp;&nbsp;&nbsp; 6113 | &nbsp;&nbsp; 681 |
| Total net increase (decrease) | &nbsp;&nbsp; $22690 | &nbsp;&nbsp; 2453 | &nbsp;&nbsp;&nbsp; $5001 | &nbsp;&nbsp; 550 | &nbsp;&nbsp;&nbsp; $(20461)<br>| &nbsp;&nbsp; (2193)<br>| &nbsp;&nbsp;&nbsp; $7230 | &nbsp;&nbsp; 810 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **364** |

---

------

**Ultra-Short Bond Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $12058 | 1051 | &nbsp;&nbsp;&nbsp; $1510 | 134 | &nbsp;&nbsp;&nbsp; $(16422)<br>| (1436)<br>| &nbsp;&nbsp;&nbsp; $(2854)<br>| (251)<br>|
| Class 1A |  |  | &nbsp;&nbsp;&nbsp; 5 | — <br><sup>2</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 5 | — <br><sup>2</sup><br>|
| Class 2 | 56142 | 5069 | &nbsp;&nbsp;&nbsp; 9131 | 838 | &nbsp;&nbsp;&nbsp; (94607)<br>| (8552)<br>| &nbsp;&nbsp;&nbsp; (29334)<br>| (2645)<br>|
| Class 3 | 305 | 27 | &nbsp;&nbsp;&nbsp; 156 | 14 | &nbsp;&nbsp;&nbsp; (904)<br>| (81)<br>| &nbsp;&nbsp;&nbsp; (443)<br>| (40)<br>|
| Class 4 | 54897 | 4953 | &nbsp;&nbsp;&nbsp; 2138 | 195 | &nbsp;&nbsp;&nbsp; (54897)<br>| (4931)<br>| &nbsp;&nbsp;&nbsp; 2138 | 217 |
| Total net increase (decrease) | $123402 | 11100 | &nbsp;&nbsp;&nbsp; $12940 | 1181 | &nbsp;&nbsp;&nbsp; $(166830)<br>| (15000)<br>| &nbsp;&nbsp;&nbsp; $(30488)<br>| (2719)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $16477 | 1429 | &nbsp;&nbsp;&nbsp; $1996 | 176 | &nbsp;&nbsp;&nbsp; $(20160)<br>| (1740)<br>| &nbsp;&nbsp;&nbsp; $(1687)<br>| (135)<br>|
| Class 1A |  |  | &nbsp;&nbsp;&nbsp; 6 | 1 | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 6 | 1 |
| Class 2 | 57235 | 5128 | &nbsp;&nbsp;&nbsp; 12858 | 1175 | &nbsp;&nbsp;&nbsp; (97431)<br>| (8724)<br>| &nbsp;&nbsp;&nbsp; (27338)<br>| (2421)<br>|
| Class 3 | 370 | 32 | &nbsp;&nbsp;&nbsp; 204 | 19 | &nbsp;&nbsp;&nbsp; (841)<br>| (74)<br>| &nbsp;&nbsp;&nbsp; (267)<br>| (23)<br>|
| Class 4 | 19303 | 1714 | &nbsp;&nbsp;&nbsp; 2569 | 233 | &nbsp;&nbsp;&nbsp; (26048)<br>| (2325)<br>| &nbsp;&nbsp;&nbsp; (4176)<br>| (378)<br>|
| Total net increase (decrease) | $93385 | 8303 | &nbsp;&nbsp;&nbsp; $17633 | 1604 | &nbsp;&nbsp;&nbsp; $(144480)<br>| (12863)<br>| &nbsp;&nbsp;&nbsp; $(33462)<br>| (2956)<br>|

---

**U.S. Government Securities Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales**<sup>1</sup> | **Sales**<sup>1</sup> | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases**<sup>1</sup> | **Repurchases**<sup>1</sup> | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class 1 | $69757 | 7044 | &nbsp;&nbsp;&nbsp; $11280 | 1145 | &nbsp;&nbsp;&nbsp; $(96647)<br>| (9743)<br>| &nbsp;&nbsp;&nbsp; $(15610)<br>| (1554)<br>|
| Class 1A | 34073 | 3475 | &nbsp;&nbsp;&nbsp; 12377 | 1264 | &nbsp;&nbsp;&nbsp; (41345)<br>| (4222)<br>| &nbsp;&nbsp;&nbsp; 5105 | 517 |
| Class 2 | 118543 | 12052 | &nbsp;&nbsp;&nbsp; 44750 | 4609 | &nbsp;&nbsp;&nbsp; (191505)<br>| (19527)<br>| &nbsp;&nbsp;&nbsp; (28212)<br>| (2866)<br>|
| Class 3 | 420 | 42 | &nbsp;&nbsp;&nbsp; 212 | 22 | &nbsp;&nbsp;&nbsp; (877)<br>| (88)<br>| &nbsp;&nbsp;&nbsp; (245)<br>| (24)<br>|
| Class 4 | 114384 | 11659 | &nbsp;&nbsp;&nbsp; 10129 | 1045 | &nbsp;&nbsp;&nbsp; (86038)<br>| (8789)<br>| &nbsp;&nbsp;&nbsp; 38475 | 3915 |
| Total net increase (decrease) | $337177 | 34272 | &nbsp;&nbsp;&nbsp; $78748 | 8085 | &nbsp;&nbsp;&nbsp; $(416412)<br>| (42369)<br>| &nbsp;&nbsp;&nbsp; $(487)<br>| (12)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class 1 | $68973 | 6957 | &nbsp;&nbsp;&nbsp; $10757 | 1108 | &nbsp;&nbsp;&nbsp; $(60235)<br>| (6083)<br>| &nbsp;&nbsp;&nbsp; $19495 | 1982 |
| Class 1A | 283124 | 28940 | &nbsp;&nbsp;&nbsp; 11344 | 1174 | &nbsp;&nbsp;&nbsp; (6503)<br>| (659)<br>| &nbsp;&nbsp;&nbsp; 287965 | 29455 |
| Class 2 | 101793 | 10487 | &nbsp;&nbsp;&nbsp; 42550 | 4440 | &nbsp;&nbsp;&nbsp; (132491)<br>| (13544)<br>| &nbsp;&nbsp;&nbsp; 11852 | 1383 |
| Class 3 | 881 | 89 | &nbsp;&nbsp;&nbsp; 204 | 21 | &nbsp;&nbsp;&nbsp; (1780)<br>| (181)<br>| &nbsp;&nbsp;&nbsp; (695)<br>| (71)<br>|
| Class 4 | 72367 | 7407 | &nbsp;&nbsp;&nbsp; 7920 | 827 | &nbsp;&nbsp;&nbsp; (45157)<br>| (4667)<br>| &nbsp;&nbsp;&nbsp; 35130 | 3567 |
| Total net increase (decrease) | $527138 | 53880 | &nbsp;&nbsp;&nbsp; $72775 | 7570 | &nbsp;&nbsp;&nbsp; $(246166)<br>| (25134)<br>| &nbsp;&nbsp;&nbsp; $353747 | 36316 |

---

**Managed Risk Growth Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales** | **Sales** | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases** | **Repurchases** | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class P1 | $906 | 67 | &nbsp;&nbsp;&nbsp; $806 | 62 | &nbsp;&nbsp;&nbsp; $(2055)<br>| (151)<br>| &nbsp;&nbsp;&nbsp; $(343)<br>| (22)<br>|
| Class P2 | 11175 | 851 | &nbsp;&nbsp;&nbsp; 27821 | 2164 | &nbsp;&nbsp;&nbsp; (95981)<br>| (7085)<br>| &nbsp;&nbsp;&nbsp; (56985)<br>| (4070)<br>|
| Total net increase (decrease) | $12081 | 918 | &nbsp;&nbsp;&nbsp; $28627 | 2226 | &nbsp;&nbsp;&nbsp; $(98036)<br>| (7236)<br>| &nbsp;&nbsp;&nbsp; $(57328)<br>| (4092)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class P1 | $974 | 79 | &nbsp;&nbsp;&nbsp; $93 | 8 | &nbsp;&nbsp;&nbsp; $(2663)<br>| (220)<br>| &nbsp;&nbsp;&nbsp; $(1596)<br>| (133)<br>|
| Class P2 | 10767 | 875 | &nbsp;&nbsp;&nbsp; 2326 | 197 | &nbsp;&nbsp;&nbsp; (100353)<br>| (8347)<br>| &nbsp;&nbsp;&nbsp; (87260)<br>| (7275)<br>|
| Total net increase (decrease) | $11741 | 954 | &nbsp;&nbsp;&nbsp; $2419 | 205 | &nbsp;&nbsp;&nbsp; $(103016)<br>| (8567)<br>| &nbsp;&nbsp;&nbsp; $(88856)<br>| (7408)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **365** | American Funds Insurance Series |

---

------

**Managed Risk International Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales** | **Sales** | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases** | **Repurchases** | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class P1 | &nbsp;&nbsp; $128 | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; $30 | &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp; $(215)<br>| &nbsp;&nbsp; (25)<br>| &nbsp;&nbsp;&nbsp; $(57)<br>| &nbsp;&nbsp; (6)<br>|
| Class P2 | &nbsp;&nbsp; 3091 | &nbsp;&nbsp; 371 | &nbsp;&nbsp;&nbsp; 1450 | &nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp; (20067)<br>| &nbsp;&nbsp; (2311)<br>| &nbsp;&nbsp;&nbsp; (15526)<br>| &nbsp;&nbsp; (1762)<br>|
| Total net increase (decrease) | &nbsp;&nbsp; $3219 | &nbsp;&nbsp; 386 | &nbsp;&nbsp;&nbsp; $1480 | &nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp; $(20282)<br>| &nbsp;&nbsp; (2336)<br>| &nbsp;&nbsp;&nbsp; $(15583)<br>| &nbsp;&nbsp; (1768)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class P1 | &nbsp;&nbsp; $146 | &nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp; $29 | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp; $(232)<br>| &nbsp;&nbsp; (27)<br>| &nbsp;&nbsp;&nbsp; $(57)<br>| &nbsp;&nbsp; (7)<br>|
| Class P2 | &nbsp;&nbsp; 5087 | &nbsp;&nbsp; 599 | &nbsp;&nbsp;&nbsp; 1532 | &nbsp;&nbsp; 174 | &nbsp;&nbsp;&nbsp; (14961)<br>| &nbsp;&nbsp; (1722)<br>| &nbsp;&nbsp;&nbsp; (8342)<br>| &nbsp;&nbsp; (949)<br>|
| Total net increase (decrease) | &nbsp;&nbsp; $5233 | &nbsp;&nbsp; 616 | &nbsp;&nbsp;&nbsp; $1561 | &nbsp;&nbsp; 177 | &nbsp;&nbsp;&nbsp; $(15193)<br>| &nbsp;&nbsp; (1749)<br>| &nbsp;&nbsp;&nbsp; $(8399)<br>| &nbsp;&nbsp; (956)<br>|

---

**Managed Risk Washington Mutual Investors Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales** | **Sales** | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases** | **Repurchases** | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class P1 | &nbsp;&nbsp; $169 | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp; $58 | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; $(347)<br>| &nbsp;&nbsp; (29)<br>| &nbsp;&nbsp;&nbsp; $(120)<br>| &nbsp;&nbsp; (10)<br>|
| Class P2 | &nbsp;&nbsp; 6854 | &nbsp;&nbsp; 561 | &nbsp;&nbsp;&nbsp; 5902 | &nbsp;&nbsp; 497 | &nbsp;&nbsp;&nbsp; (45769)<br>| &nbsp;&nbsp; (3770)<br>| &nbsp;&nbsp;&nbsp; (33013)<br>| &nbsp;&nbsp; (2712)<br>|
| Total net increase (decrease) | &nbsp;&nbsp; $7023 | &nbsp;&nbsp; 575 | &nbsp;&nbsp;&nbsp; $5960 | &nbsp;&nbsp; 502 | &nbsp;&nbsp;&nbsp; $(46116)<br>| &nbsp;&nbsp; (3799)<br>| &nbsp;&nbsp;&nbsp; $(33133)<br>| &nbsp;&nbsp; (2722)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class P1 | &nbsp;&nbsp; $290 | &nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp; $53 | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp; $(607)<br>| &nbsp;&nbsp; (54)<br>| &nbsp;&nbsp;&nbsp; $(264)<br>| &nbsp;&nbsp; (23)<br>|
| Class P2 | &nbsp;&nbsp; 6900 | &nbsp;&nbsp; 617 | &nbsp;&nbsp;&nbsp; 5422 | &nbsp;&nbsp; 490 | &nbsp;&nbsp;&nbsp; (51492)<br>| &nbsp;&nbsp; (4594)<br>| &nbsp;&nbsp;&nbsp; (39170)<br>| &nbsp;&nbsp; (3487)<br>|
| Total net increase (decrease) | &nbsp;&nbsp; $7190 | &nbsp;&nbsp; 643 | &nbsp;&nbsp;&nbsp; $5475 | &nbsp;&nbsp; 495 | &nbsp;&nbsp;&nbsp; $(52099)<br>| &nbsp;&nbsp; (4648)<br>| &nbsp;&nbsp;&nbsp; $(39434)<br>| &nbsp;&nbsp; (3510)<br>|

---

**Managed Risk Growth-Income Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales** | **Sales** | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases** | **Repurchases** | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class P1 | $28162 | 1984 | &nbsp;&nbsp;&nbsp; $112468 | 8142 | &nbsp;&nbsp;&nbsp; $(296821)<br>| (20511)<br>| &nbsp;&nbsp;&nbsp; $(156191)<br>| (10385)<br>|
| Class P2 | 3550 | 249 | &nbsp;&nbsp;&nbsp; 15647 | 1145 | &nbsp;&nbsp;&nbsp; (47556)<br>| (3301)<br>| &nbsp;&nbsp;&nbsp; (28359)<br>| (1907)<br>|
| Total net increase (decrease) | $31712 | 2233 | &nbsp;&nbsp;&nbsp; $128115 | 9287 | &nbsp;&nbsp;&nbsp; $(344377)<br>| (23812)<br>| &nbsp;&nbsp;&nbsp; $(184550)<br>| (12292)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class P1 | $16125 | 1168 | &nbsp;&nbsp;&nbsp; $58164 | 4309 | &nbsp;&nbsp;&nbsp; $(346171)<br>| (25246)<br>| &nbsp;&nbsp;&nbsp; $(271882)<br>| (19769)<br>|
| Class P2 | 4069 | 297 | &nbsp;&nbsp;&nbsp; 7744 | 582 | &nbsp;&nbsp;&nbsp; (53124)<br>| (3920)<br>| &nbsp;&nbsp;&nbsp; (41311)<br>| (3041)<br>|
| Total net increase (decrease) | $20194 | 1465 | &nbsp;&nbsp;&nbsp; $65908 | 4891 | &nbsp;&nbsp;&nbsp; $(399295)<br>| (29166)<br>| &nbsp;&nbsp;&nbsp; $(313193)<br>| (22810)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **366** |

---

------

**Managed Risk Asset Allocation Fund** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales** | **Sales** | **Reinvestments of** <br>**distributions** | **Reinvestments of** <br>**distributions** | **Repurchases** | **Repurchases** | **Net increase** <br>**(decrease)** | **Net increase** <br>**(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** | **Year ended December 31, 2025** |
| Class P1 | $26 | 2 | &nbsp;&nbsp;&nbsp; $1070 | 86 | &nbsp;&nbsp;&nbsp; $(494)<br>| (38)<br>| &nbsp;&nbsp;&nbsp; $602 | 50 |
| Class P2 | 18388 | 1464 | &nbsp;&nbsp;&nbsp; 167196 | 13947 | &nbsp;&nbsp;&nbsp; (771163)<br>| (60543)<br>| &nbsp;&nbsp;&nbsp; (585579)<br>| (45132)<br>|
| Total net increase (decrease) | $18414 | 1466 | &nbsp;&nbsp;&nbsp; $168266 | 14033 | &nbsp;&nbsp;&nbsp; $(771657)<br>| (60581)<br>| &nbsp;&nbsp;&nbsp; $(584977)<br>| (45082)<br>|
| **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** | **Year ended December 31, 2024** |
| Class P1 | $1509 | 116 | &nbsp;&nbsp;&nbsp; $365 | 29 | &nbsp;&nbsp;&nbsp; $(1325)<br>| (108)<br>| &nbsp;&nbsp;&nbsp; $549 | 37 |
| Class P2 | 32478 | 2619 | &nbsp;&nbsp;&nbsp; 68762 | 5709 | &nbsp;&nbsp;&nbsp; (396241)<br>| (32260)<br>| &nbsp;&nbsp;&nbsp; (295001)<br>| (23932)<br>|
| Total net increase (decrease) | $33987 | 2735 | &nbsp;&nbsp;&nbsp; $69127 | 5738 | &nbsp;&nbsp;&nbsp; $(397566)<br>| (32368)<br>| &nbsp;&nbsp;&nbsp; $(294452)<br>| (23895)<br>|

---

<sup>1</sup>

Includes exchanges between share classes of the fund.

<sup>2</sup>

Amount less than one thousand.

<sup>3</sup>

Commencement of operations.

**11. Ownership concentration**

------

At December 31, 2025, American Funds Insurance Series - Portfolio Series - Managed Risk Growth and Income Portfolio held 16% and 12% of the outstanding shares of American Funds Insurance Series - Capital World Growth and Income Fund and American Funds Insurance Series - Capital Income Builder, respectively. Furthermore, American Funds Insurance Series - Portfolio Series - Managed Risk Global Allocation Portfolio held 16% of the outstanding shares of American Funds Insurance Series - American Funds Global Balanced Fund.

In addition, American Funds Insurance Series - Managed Risk Growth Portfolio held aggregate ownership of 88% of the outstanding shares of American Funds Insurance Series - U.S. Small and Mid Cap Equity Fund. The ownership percentage represents the seed money invested in the fund when it began operations. American Funds Insurance Series - U.S. Small and Mid Cap Equity Fund began operations on November 15, 2024.

**12. Investment transactions and other disclosures**

------

The following tables present additional information for each fund for the year ended December 31, 2025 (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Global** <br>**Growth** <br>**Fund**<br>| **Global** <br>**Small** <br>**Capitalization** <br>**Fund**<br>| **Growth** <br>**Fund**<br>| **International** <br>**Fund**<br>| **New** <br>**World** <br>**Fund**<br>| **Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>|
| Purchases of investment securities\* | &nbsp;&nbsp; $3656642 | &nbsp;&nbsp; $1452423 | &nbsp;&nbsp; $13253467 | &nbsp;&nbsp; $4365483 | &nbsp;&nbsp; $1743062 | &nbsp;&nbsp; $4143311 |
| Sales of investment securities\* | &nbsp;&nbsp; 4157232 | &nbsp;&nbsp; 1904785 | &nbsp;&nbsp; 15938916 | &nbsp;&nbsp; 5008755 | &nbsp;&nbsp; 1945071 | &nbsp;&nbsp; 4942962 |
| Non-U.S. taxes paid on dividend income | &nbsp;&nbsp; 6075 | &nbsp;&nbsp; 1809 | &nbsp;&nbsp; 5326 | &nbsp;&nbsp; 13842 | &nbsp;&nbsp; 6486 | &nbsp;&nbsp; 1223 |
| Non-U.S. taxes (refunded) paid on interest <br> income<br>| &nbsp;&nbsp; 13 | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 73 | &nbsp;&nbsp; — |
| Non-U.S. taxes refunded (paid) on realized <br> gains<br>| &nbsp;&nbsp; (575)<br>| &nbsp;&nbsp; 6710 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10979 | &nbsp;&nbsp; 6156 | &nbsp;&nbsp; — |
| Non-U.S. taxes provided on unrealized <br> appreciation<br>| &nbsp;&nbsp; 4050 | &nbsp;&nbsp; 16423 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26206 | &nbsp;&nbsp; 18398 | &nbsp;&nbsp; — |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **367** | American Funds Insurance Series |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S. Small** <br> **and Mid** <br>**Cap Equity** <br> **Fund**<br>| **Capital** <br>**World** <br> **Growth** <br>**and Income** <br>**Fund**<br>| **Growth-** <br>**Income** <br>**Fund**<br>| **International** <br>**Growth** <br>**and Income** <br>**Fund**<br>| **Capital** <br>**Income** <br>**Builder**<br>| <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| Purchases of investment securities\* | &nbsp;&nbsp; $120447 | &nbsp;&nbsp; $858369 | &nbsp;&nbsp; $10813388 | &nbsp;&nbsp; $175002 | &nbsp;&nbsp; $768196 | &nbsp;&nbsp; $19856310 |
| Sales of investment securities\* | &nbsp;&nbsp; 40880 | &nbsp;&nbsp; 1049450 | &nbsp;&nbsp; 14833476 | &nbsp;&nbsp; 191476 | &nbsp;&nbsp; 769516 | &nbsp;&nbsp; 23654064 |
| Non-U.S. taxes paid on dividend income | &nbsp;&nbsp; — | &nbsp;&nbsp; 1944 | &nbsp;&nbsp; 4363 | &nbsp;&nbsp; 879 | &nbsp;&nbsp; 1935 | &nbsp;&nbsp; 4168 |
| Non-U.S. taxes (refunded) paid on interest <br> income<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Non-U.S. taxes refunded (paid) on realized <br> gains<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 170 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; — |
| Non-U.S. taxes provided on unrealized <br> appreciation<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 679 | &nbsp;&nbsp; — | &nbsp;&nbsp; 253 | &nbsp;&nbsp; 427 | &nbsp;&nbsp; — |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **American** <br>**Funds** <br>**Global** <br>**Balanced** <br>**Fund**<br>| **The Bond** <br> **Fund** <br>**of America**<br>| **Capital** <br>**World Bond** <br>**Fund**<br>| **American** <br>**High-Income** <br>**Trust**<br>| **American** <br> **Funds** <br>**Mortgage** <br> **Fund**<br>| **Ultra-Short** <br>**Bond** <br>**Fund**<br>|
| Purchases of investment securities\* | &nbsp;&nbsp; $317783 | &nbsp;&nbsp; $12490283 | &nbsp;&nbsp; $1356541 | &nbsp;&nbsp; $445624 | &nbsp;&nbsp; $450360 | &nbsp;&nbsp; $— |
| Sales of investment securities\* | &nbsp;&nbsp; 335715 | &nbsp;&nbsp; 13383953 | &nbsp;&nbsp; 1521836 | &nbsp;&nbsp; 359070 | &nbsp;&nbsp; 448538 | &nbsp;&nbsp; — |
| Non-U.S. taxes paid on dividend income | &nbsp;&nbsp; 359 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (9)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Non-U.S. taxes (refunded) paid on interest <br> income<br>| &nbsp;&nbsp; 2 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Non-U.S. taxes refunded (paid) on realized <br> gains<br>| &nbsp;&nbsp; 163 | &nbsp;&nbsp; — | &nbsp;&nbsp; 384 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Non-U.S. taxes provided on unrealized <br> appreciation<br>| &nbsp;&nbsp; 166 | &nbsp;&nbsp; — | &nbsp;&nbsp; 133 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **U.S.** <br>**Government** <br>**Securities** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**International** <br>**Fund**<br>| **Managed** <br> **Risk** <br>**Washington** <br>**Mutual** <br>**Investors** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Growth-** <br>**Income** <br>**Fund**<br>| **Managed** <br>**Risk** <br>**Asset** <br>**Allocation** <br>**Fund**<br>|
| Purchases of investment securities\* | &nbsp;&nbsp; $3759879 | &nbsp;&nbsp; $157397 | &nbsp;&nbsp; $17979 | &nbsp;&nbsp; $65380 | &nbsp;&nbsp; $583778 | &nbsp;&nbsp; $267997 |
| Sales of investment securities\* | &nbsp;&nbsp; 3982540 | &nbsp;&nbsp; 225452 | &nbsp;&nbsp; 40733 | &nbsp;&nbsp; 93964 | &nbsp;&nbsp; 664906 | &nbsp;&nbsp; 889458 |

---

\*

Excludes in-kind transactions, short-term securities and U.S. government obligations, if any.

---

| | |
|:---|:---|
| American Funds Insurance Series | **368** |

---

------

Financial highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** | **Global Growth Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $36.91 | &nbsp;&nbsp; $.44 | &nbsp;&nbsp; $6.92 | &nbsp;&nbsp; $7.36 | &nbsp;&nbsp; $(.60)<br>| &nbsp;&nbsp; $(4.88)<br>| &nbsp;&nbsp; $(5.48)<br>| &nbsp;&nbsp; $38.79 | 21.98<br> %<br>| &nbsp;&nbsp; $4115 | &nbsp;&nbsp; .52<br> %<br>| &nbsp;&nbsp; .42<br> %<br>| 1.18<br> %<br>|
| 12/31/2024 | 33.92 | &nbsp;&nbsp; .44 | 4.29 | 4.73 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.74)<br>| 36.91 | 13.94 | &nbsp;&nbsp; 3589 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .41 | 1.20 |
| 12/31/2023 | 30.18 | &nbsp;&nbsp; .36 | 6.30 | 6.66 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (2.92)<br>| 33.92 | 22.91 | &nbsp;&nbsp; 3418 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .41 | 1.13 |
| 12/31/2022 | 45.46 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (11.34)<br>| &nbsp;&nbsp; (11.00)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (4.28)<br>| 30.18 | &nbsp;&nbsp; (24.54)<br>| &nbsp;&nbsp; 3104 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .46 | 1.01 |
| 12/31/2021 | 41.16 | &nbsp;&nbsp; .25 | 6.48 | 6.73 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (2.17)<br>| &nbsp;&nbsp; (2.43)<br>| 45.46 | 16.72 | &nbsp;&nbsp; 4270 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; .56 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 36.70 | &nbsp;&nbsp; .30 | 6.90 | 7.20 | &nbsp;&nbsp; (.55)<br>| &nbsp;&nbsp; (4.88)<br>| &nbsp;&nbsp; (5.43)<br>| 38.47 | 21.63 | &nbsp;&nbsp; 66 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .81 |
| 12/31/2024 | 33.74 | &nbsp;&nbsp; .35 | 4.26 | 4.61 | &nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.65)<br>| 36.70 | 13.67 | &nbsp;&nbsp; 20 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .95 |
| 12/31/2023 | 30.04 | &nbsp;&nbsp; .28 | 6.26 | 6.54 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (2.84)<br>| 33.74 | 22.60 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .88 |
| 12/31/2022 | 45.28 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; (11.31)<br>| &nbsp;&nbsp; (11.05)<br>| &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (4.19)<br>| 30.04 | &nbsp;&nbsp; (24.73)<br>| &nbsp;&nbsp; 14 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .71 | &nbsp;&nbsp; .78 |
| 12/31/2021 | 41.02 | &nbsp;&nbsp; .14 | 6.46 | 6.60 | &nbsp;&nbsp; (.17)<br>| &nbsp;&nbsp; (2.17)<br>| &nbsp;&nbsp; (2.34)<br>| 45.28 | 16.45 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; .80 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; .33 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 36.37 | &nbsp;&nbsp; .34 | 6.79 | 7.13 | &nbsp;&nbsp; (.51)<br>| &nbsp;&nbsp; (4.88)<br>| &nbsp;&nbsp; (5.39)<br>| 38.11 | 21.62 | &nbsp;&nbsp; 3725 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .93 |
| 12/31/2024 | 33.44 | &nbsp;&nbsp; .35 | 4.22 | 4.57 | &nbsp;&nbsp; (.57)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.64)<br>| 36.37 | 13.68 | &nbsp;&nbsp; 3512 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .95 |
| 12/31/2023 | 29.79 | &nbsp;&nbsp; .28 | 6.21 | 6.49 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (2.84)<br>| 33.44 | 22.60 | &nbsp;&nbsp; 3522 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .88 |
| 12/31/2022 | 44.94 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; (11.21)<br>| &nbsp;&nbsp; (10.96)<br>| &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (4.19)<br>| 29.79 | &nbsp;&nbsp; (24.74)<br>| &nbsp;&nbsp; 3234 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .71 | &nbsp;&nbsp; .76 |
| 12/31/2021 | 40.72 | &nbsp;&nbsp; .13 | 6.41 | 6.54 | &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (2.17)<br>| &nbsp;&nbsp; (2.32)<br>| 44.94 | 16.42 | &nbsp;&nbsp; 4559 | &nbsp;&nbsp; .80 | &nbsp;&nbsp; .80 | &nbsp;&nbsp; .30 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 35.93 | &nbsp;&nbsp; .24 | 6.70 | 6.94 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; (4.88)<br>| &nbsp;&nbsp; (5.32)<br>| 37.55 | 21.34 | &nbsp;&nbsp; 1225 | 1.02 | &nbsp;&nbsp; .92 | &nbsp;&nbsp; .67 |
| 12/31/2024 | 33.08 | &nbsp;&nbsp; .25 | 4.18 | 4.43 | &nbsp;&nbsp; (.51)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.58)<br>| 35.93 | 13.39 | &nbsp;&nbsp; 937 | 1.02 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .69 |
| 12/31/2023 | 29.51 | &nbsp;&nbsp; .20 | 6.14 | 6.34 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (2.77)<br>| 33.08 | 22.29 | &nbsp;&nbsp; 732 | 1.02 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .63 |
| 12/31/2022 | 44.57 | &nbsp;&nbsp; .17 | &nbsp;&nbsp; (11.12)<br>| &nbsp;&nbsp; (10.95)<br>| &nbsp;&nbsp; (.14)<br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (4.11)<br>| 29.51 | &nbsp;&nbsp; (24.92)<br>| &nbsp;&nbsp; 584 | 1.03 | &nbsp;&nbsp; .96 | &nbsp;&nbsp; .52 |
| 12/31/2021 | 40.45 | &nbsp;&nbsp; .03 | 6.35 | 6.38 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; (2.17)<br>| &nbsp;&nbsp; (2.26)<br>| 44.57 | 16.14 | &nbsp;&nbsp; 744 | 1.05 | 1.04 | &nbsp;&nbsp; .07 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **369** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** | **Global Small Capitalization Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $18.15 | &nbsp;&nbsp; $.16 | &nbsp;&nbsp; $2.50 | &nbsp;&nbsp; $2.66 | &nbsp;&nbsp; $(.10)<br>| &nbsp;&nbsp; $(.40)<br>| &nbsp;&nbsp; $(.50)<br>| &nbsp;&nbsp; $20.31 | 14.89<br> %<br>| &nbsp;&nbsp; $784 | &nbsp;&nbsp; .70<br> %<br>| &nbsp;&nbsp; .65<br> %<br>| &nbsp;&nbsp; .84<br> %<br>|
| 12/31/2024 | 18.57 | &nbsp;&nbsp; .12 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .46 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; (.88)<br>| 18.15 | 2.59 | &nbsp;&nbsp; 942 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .66 |
| 12/31/2023 | 16.22 | &nbsp;&nbsp; .11 | 2.53 | 2.64 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.29)<br>| 18.57 | 16.45 | &nbsp;&nbsp; 1001 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .63 |
| 12/31/2022 | 34.17 | &nbsp;&nbsp; .05 | &nbsp;&nbsp; (9.50)<br>| &nbsp;&nbsp; (9.45)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.50)<br>| &nbsp;&nbsp; (8.50)<br>| 16.22 | &nbsp;&nbsp; (29.37)<br>| &nbsp;&nbsp; 916 | &nbsp;&nbsp; .72 | &nbsp;&nbsp; .69 | &nbsp;&nbsp; .24 |
| 12/31/2021 | 32.64 | &nbsp;&nbsp; (.02)<br>| 2.32 | 2.30 | &nbsp;&nbsp; — | &nbsp;&nbsp; (.77)<br>| &nbsp;&nbsp; (.77)<br>| 34.17 | 6.98 | &nbsp;&nbsp; 1707 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; (.07)<br>|
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 17.88 | &nbsp;&nbsp; .11 | 2.46 | 2.57 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.46)<br>| 19.99 | 14.63 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .58 |
| 12/31/2024 | 18.31 | &nbsp;&nbsp; .07 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; (.84)<br>| 17.88 | 2.34 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .92 | &nbsp;&nbsp; .40 |
| 12/31/2023 | 16.00 | &nbsp;&nbsp; .06 | 2.50 | 2.56 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.25)<br>| 18.31 | 16.15 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .38 |
| 12/31/2022 | 33.93 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (9.43)<br>| &nbsp;&nbsp; (9.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.50)<br>| &nbsp;&nbsp; (8.50)<br>| 16.00 | &nbsp;&nbsp; (29.54)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; .97 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; — <br><sup>5</sup><br>|
| 12/31/2021 | 32.49 | &nbsp;&nbsp; (.07)<br>| 2.28 | 2.21 | &nbsp;&nbsp; — | &nbsp;&nbsp; (.77)<br>| &nbsp;&nbsp; (.77)<br>| 33.93 | 6.73 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; (.21)<br>|
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 17.05 | &nbsp;&nbsp; .10 | 2.35 | 2.45 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.46)<br>| 19.04 | 14.64 | &nbsp;&nbsp; 1757 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .58 |
| 12/31/2024 | 17.50 | &nbsp;&nbsp; .07 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; (.84)<br>| 17.05 | 2.33 | &nbsp;&nbsp; 1733 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .92 | &nbsp;&nbsp; .41 |
| 12/31/2023 | 15.30 | &nbsp;&nbsp; .06 | 2.39 | 2.45 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.25)<br>| 17.50 | 16.17 | &nbsp;&nbsp; 1879 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .38 |
| 12/31/2022 | 32.94 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (9.14)<br>| &nbsp;&nbsp; (9.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.50)<br>| &nbsp;&nbsp; (8.50)<br>| 15.30 | &nbsp;&nbsp; (29.55)<br>| &nbsp;&nbsp; 1762 | &nbsp;&nbsp; .97 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; — <br><sup>5</sup><br>|
| 12/31/2021 | 31.56 | &nbsp;&nbsp; (.10)<br>| 2.25 | 2.15 | &nbsp;&nbsp; — | &nbsp;&nbsp; (.77)<br>| &nbsp;&nbsp; (.77)<br>| 32.94 | 6.74 | &nbsp;&nbsp; 2521 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; (.30)<br>|
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 17.01 | &nbsp;&nbsp; .05 | 2.35 | 2.40 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.44)<br>| 18.97 | 14.33 | &nbsp;&nbsp; 407 | 1.20 | 1.15 | &nbsp;&nbsp; .31 |
| 12/31/2024 | 17.46 | &nbsp;&nbsp; .03 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; (.80)<br>| 17.01 | 2.12 | &nbsp;&nbsp; 310 | 1.20 | 1.17 | &nbsp;&nbsp; .15 |
| 12/31/2023 | 15.28 | &nbsp;&nbsp; .02 | 2.37 | 2.39 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.21)<br>| 17.46 | 15.79 | &nbsp;&nbsp; 300 | 1.20 | 1.15 | &nbsp;&nbsp; .13 |
| 12/31/2022 | 32.96 | &nbsp;&nbsp; (.05)<br>| &nbsp;&nbsp; (9.13)<br>| &nbsp;&nbsp; (9.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.50)<br>| &nbsp;&nbsp; (8.50)<br>| 15.28 | &nbsp;&nbsp; (29.69)<br>| &nbsp;&nbsp; 261 | 1.22 | 1.19 | &nbsp;&nbsp; (.25)<br>|
| 12/31/2021 | 31.67 | &nbsp;&nbsp; (.18)<br>| 2.24 | 2.06 | &nbsp;&nbsp; — | &nbsp;&nbsp; (.77)<br>| &nbsp;&nbsp; (.77)<br>| 32.96 | 6.43 | &nbsp;&nbsp; 344 | 1.24 | 1.24 | &nbsp;&nbsp; (.53)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **370** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** | **Growth Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $127.47 | &nbsp;&nbsp; $.36 | &nbsp;&nbsp; $24.17 | &nbsp;&nbsp; $24.53 | &nbsp;&nbsp; $(.33)<br>| &nbsp;&nbsp; $(10.61)<br>| &nbsp;&nbsp; $(10.94)<br>| &nbsp;&nbsp; $141.06 | 20.54<br> %<br>| &nbsp;&nbsp; $25168 | &nbsp;&nbsp; .34<br> %<br>| &nbsp;&nbsp; .27<br> %<br>|
| 12/31/2024 | 99.44 | &nbsp;&nbsp; .51 | 30.78 | 31.29 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (3.26)<br>| 127.47 | 31.96 | &nbsp;&nbsp; 21469 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .45 |
| 12/31/2023 | 76.29 | &nbsp;&nbsp; .57 | 28.16 | 28.73 | &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; (5.04)<br>| &nbsp;&nbsp; (5.58)<br>| 99.44 | 38.81 | &nbsp;&nbsp; 17382 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; .65 |
| 12/31/2022 | 127.58 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; (37.03)<br>| &nbsp;&nbsp; (36.45)<br>| &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; (14.31)<br>| &nbsp;&nbsp; (14.84)<br>| 76.29 | &nbsp;&nbsp; (29.75)<br>| &nbsp;&nbsp; 13660 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; .64 |
| 12/31/2021 | 120.22 | &nbsp;&nbsp; .46 | 24.29 | 24.75 | &nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp; (16.81)<br>| &nbsp;&nbsp; (17.39)<br>| 127.58 | 22.30 | &nbsp;&nbsp; 19783 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .37 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 126.11 | &nbsp;&nbsp; .03 | 23.86 | 23.89 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (10.61)<br>| &nbsp;&nbsp; (10.82)<br>| 139.18 | 20.24 | &nbsp;&nbsp; 458 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .02 |
| 12/31/2024 | 98.46 | &nbsp;&nbsp; .22 | 30.43 | 30.65 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (3.00)<br>| 126.11 | 31.61 | &nbsp;&nbsp; 377 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .20 |
| 12/31/2023 | 75.61 | &nbsp;&nbsp; .35 | 27.88 | 28.23 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; (5.04)<br>| &nbsp;&nbsp; (5.38)<br>| 98.46 | 38.47 | &nbsp;&nbsp; 280 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .40 |
| 12/31/2022 | 126.70 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (36.79)<br>| &nbsp;&nbsp; (36.40)<br>| &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; (14.31)<br>| &nbsp;&nbsp; (14.69)<br>| 75.61 | &nbsp;&nbsp; (29.93)<br>| &nbsp;&nbsp; 187 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .45 |
| 12/31/2021 | 119.59 | &nbsp;&nbsp; .16 | 24.11 | 24.27 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; (16.81)<br>| &nbsp;&nbsp; (17.16)<br>| 126.70 | 21.97 | &nbsp;&nbsp; 121 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .13 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 125.79 | &nbsp;&nbsp; .03 | 23.80 | 23.83 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (10.61)<br>| &nbsp;&nbsp; (10.82)<br>| 138.80 | 20.24 | &nbsp;&nbsp; 21576 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .02 |
| 12/31/2024 | 98.20 | &nbsp;&nbsp; .22 | 30.34 | 30.56 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (2.97)<br>| 125.79 | 31.61 | &nbsp;&nbsp; 20386 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .20 |
| 12/31/2023 | 75.41 | &nbsp;&nbsp; .35 | 27.80 | 28.15 | &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; (5.04)<br>| &nbsp;&nbsp; (5.36)<br>| 98.20 | 38.49 | &nbsp;&nbsp; 17879 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .40 |
| 12/31/2022 | 126.28 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; (36.62)<br>| &nbsp;&nbsp; (36.27)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (14.31)<br>| &nbsp;&nbsp; (14.60)<br>| 75.41 | &nbsp;&nbsp; (29.94)<br>| &nbsp;&nbsp; 14452 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .38 |
| 12/31/2021 | 119.18 | &nbsp;&nbsp; .15 | 24.03 | 24.18 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; (16.81)<br>| &nbsp;&nbsp; (17.08)<br>| 126.28 | 21.97 | &nbsp;&nbsp; 21986 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .12 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 128.88 | &nbsp;&nbsp; .13 | 24.42 | 24.55 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (10.61)<br>| &nbsp;&nbsp; (10.83)<br>| 142.60 | 20.32 | &nbsp;&nbsp; 293 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .09 |
| 12/31/2024 | 100.54 | &nbsp;&nbsp; .30 | 31.09 | 31.39 | &nbsp;&nbsp; (.46)<br>| &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (3.05)<br>| 128.88 | 31.70 | &nbsp;&nbsp; 276 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .27 |
| 12/31/2023 | 77.09 | &nbsp;&nbsp; .42 | 28.45 | 28.87 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; (5.04)<br>| &nbsp;&nbsp; (5.42)<br>| 100.54 | 38.56 | &nbsp;&nbsp; 236 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .47 |
| 12/31/2022 | 128.68 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; (37.35)<br>| &nbsp;&nbsp; (36.93)<br>| &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; (14.31)<br>| &nbsp;&nbsp; (14.66)<br>| 77.09 | &nbsp;&nbsp; (29.89)<br>| &nbsp;&nbsp; 188 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .45 |
| 12/31/2021 | 121.13 | &nbsp;&nbsp; .24 | 24.47 | 24.71 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; (16.81)<br>| &nbsp;&nbsp; (17.16)<br>| 128.68 | 22.07 | &nbsp;&nbsp; 302 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .19 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 122.38 | &nbsp;&nbsp; (.29)<br>| 23.08 | 22.79 | &nbsp;&nbsp; (.17)<br>| &nbsp;&nbsp; (10.61)<br>| &nbsp;&nbsp; (10.78)<br>| 134.39 | 19.93 | &nbsp;&nbsp; 7184 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.23)<br>|
| 12/31/2024 | 95.70 | &nbsp;&nbsp; (.06)<br>| 29.52 | 29.46 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (2.78)<br>| 122.38 | 31.29 | &nbsp;&nbsp; 5195 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.06)<br>|
| 12/31/2023 | 73.64 | &nbsp;&nbsp; .13 | 27.12 | 27.25 | &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (5.04)<br>| &nbsp;&nbsp; (5.19)<br>| 95.70 | 38.13 | &nbsp;&nbsp; 3522 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; .15 |
| 12/31/2022 | 123.79 | &nbsp;&nbsp; .12 | &nbsp;&nbsp; (35.87)<br>| &nbsp;&nbsp; (35.75)<br>| &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; (14.31)<br>| &nbsp;&nbsp; (14.40)<br>| 73.64 | &nbsp;&nbsp; (30.11)<br>| &nbsp;&nbsp; 2409 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; .14 |
| 12/31/2021 | 117.24 | &nbsp;&nbsp; (.15)<br>| 23.59 | 23.44 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; (16.81)<br>| &nbsp;&nbsp; (16.89)<br>| 123.79 | 21.69 | &nbsp;&nbsp; 3214 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.13)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **371** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** | **International Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $17.84 | &nbsp;&nbsp; $.35 | &nbsp;&nbsp; $4.47 | &nbsp;&nbsp; $4.82 | &nbsp;&nbsp; $(.33)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.33)<br>| &nbsp;&nbsp; $22.33 | 27.04<br> %<br>| &nbsp;&nbsp; $3364 | &nbsp;&nbsp; .53<br> %<br>| 1.79<br> %<br>|
| 12/31/2024 | 17.50 | &nbsp;&nbsp; .23 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.27)<br>| 17.84 | 3.40 | &nbsp;&nbsp; 3080 | &nbsp;&nbsp; .52 | 1.26 |
| 12/31/2023 | 15.31 | &nbsp;&nbsp; .25 | 2.20 | 2.45 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 17.50 | 16.12 | &nbsp;&nbsp; 3353 | &nbsp;&nbsp; .53 | 1.50 |
| 12/31/2022 | 22.70 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (4.79)<br>| &nbsp;&nbsp; (4.45)<br>| &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.94)<br>| 15.31 | &nbsp;&nbsp; (20.57)<br>| &nbsp;&nbsp; 3157 | &nbsp;&nbsp; .54 | 1.95 |
| 12/31/2021 | 23.64 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.65)<br>| 22.70 | &nbsp;&nbsp; (1.23)<br>| &nbsp;&nbsp; 4747 | &nbsp;&nbsp; .55 | 1.57 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 17.75 | &nbsp;&nbsp; .30 | 4.43 | 4.73 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.28)<br>| 22.20 | 26.68 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; .78 | 1.50 |
| 12/31/2024 | 17.41 | &nbsp;&nbsp; .18 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 17.75 | 3.17 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .99 |
| 12/31/2023 | 15.23 | &nbsp;&nbsp; .21 | 2.19 | 2.40 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 17.41 | 15.85 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; .78 | 1.24 |
| 12/31/2022 | 22.61 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; (4.78)<br>| &nbsp;&nbsp; (4.48)<br>| &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.90)<br>| 15.23 | &nbsp;&nbsp; (20.80)<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; .79 | 1.73 |
| 12/31/2021 | 23.55 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.60)<br>| 22.61 | &nbsp;&nbsp; (1.47)<br>| &nbsp;&nbsp; 12 | &nbsp;&nbsp; .80 | 1.39 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 17.75 | &nbsp;&nbsp; .30 | 4.44 | 4.74 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.27)<br>| 22.22 | 26.77 | &nbsp;&nbsp; 3481 | &nbsp;&nbsp; .78 | 1.54 |
| 12/31/2024 | 17.41 | &nbsp;&nbsp; .19 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 17.75 | 3.16 | &nbsp;&nbsp; 3238 | &nbsp;&nbsp; .77 | 1.00 |
| 12/31/2023 | 15.23 | &nbsp;&nbsp; .21 | 2.19 | 2.40 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 17.41 | 15.84 | &nbsp;&nbsp; 3382 | &nbsp;&nbsp; .78 | 1.24 |
| 12/31/2022 | 22.60 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; (4.76)<br>| &nbsp;&nbsp; (4.47)<br>| &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.90)<br>| 15.23 | &nbsp;&nbsp; (20.79)<br>| &nbsp;&nbsp; 3164 | &nbsp;&nbsp; .79 | 1.71 |
| 12/31/2021 | 23.54 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; (.68)<br>| &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.59)<br>| 22.60 | &nbsp;&nbsp; (1.49)<br>| &nbsp;&nbsp; 4190 | &nbsp;&nbsp; .80 | 1.35 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 17.90 | &nbsp;&nbsp; .32 | 4.48 | 4.80 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.29)<br>| 22.41 | 26.85 | &nbsp;&nbsp; 16 | &nbsp;&nbsp; .71 | 1.61 |
| 12/31/2024 | 17.56 | &nbsp;&nbsp; .20 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; .57 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.23)<br>| 17.90 | 3.19 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; .70 | 1.08 |
| 12/31/2023 | 15.35 | &nbsp;&nbsp; .22 | 2.22 | 2.44 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.23)<br>| 17.56 | 15.99 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; .71 | 1.32 |
| 12/31/2022 | 22.76 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (4.81)<br>| &nbsp;&nbsp; (4.50)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.91)<br>| 15.35 | &nbsp;&nbsp; (20.76)<br>| &nbsp;&nbsp; 16 | &nbsp;&nbsp; .72 | 1.78 |
| 12/31/2021 | 23.69 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.60)<br>| 22.76 | &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; 21 | &nbsp;&nbsp; .73 | 1.41 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 17.46 | &nbsp;&nbsp; .25 | 4.36 | 4.61 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 21.83 | 26.41 | &nbsp;&nbsp; 574 | 1.03 | 1.26 |
| 12/31/2024 | 17.13 | &nbsp;&nbsp; .14 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.18)<br>| 17.46 | 2.93 | &nbsp;&nbsp; 441 | 1.02 | &nbsp;&nbsp; .74 |
| 12/31/2023 | 14.99 | &nbsp;&nbsp; .16 | 2.16 | 2.32 | &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.18)<br>| 17.13 | 15.56 | &nbsp;&nbsp; 415 | 1.03 | &nbsp;&nbsp; .99 |
| 12/31/2022 | 22.31 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; (4.71)<br>| &nbsp;&nbsp; (4.46)<br>| &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.86)<br>| 14.99 | &nbsp;&nbsp; (21.02)<br>| &nbsp;&nbsp; 373 | 1.04 | 1.47 |
| 12/31/2021 | 23.25 | &nbsp;&nbsp; .27 | &nbsp;&nbsp; (.67)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.54)<br>| 22.31 | &nbsp;&nbsp; (1.71)<br>| &nbsp;&nbsp; 459 | 1.05 | 1.13 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **372** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** | **New World Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $26.67 | &nbsp;&nbsp; $.49 | &nbsp;&nbsp; $6.93 | &nbsp;&nbsp; $7.42 | &nbsp;&nbsp; $(.41)<br>| &nbsp;&nbsp; $(1.21)<br>| &nbsp;&nbsp; $(1.62)<br>| &nbsp;&nbsp; $32.47 | 28.60<br> %<br>| &nbsp;&nbsp; $2103 | &nbsp;&nbsp; .65<br> %<br>| &nbsp;&nbsp; .58<br> %<br>| 1.66<br> %<br>|
| 12/31/2024 | 25.48 | &nbsp;&nbsp; .43 | 1.32 | 1.75 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.56)<br>| 26.67 | 6.86 | &nbsp;&nbsp; 1800 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .57 | 1.60 |
| 12/31/2023 | 22.30 | &nbsp;&nbsp; .40 | 3.19 | 3.59 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 25.48 | 16.22 | &nbsp;&nbsp; 1778 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .57 | 1.64 |
| 12/31/2022 | 31.83 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; (7.17)<br>| &nbsp;&nbsp; (6.80)<br>| &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; (2.34)<br>| &nbsp;&nbsp; (2.73)<br>| 22.30 | &nbsp;&nbsp; (21.86)<br>| &nbsp;&nbsp; 1610 | &nbsp;&nbsp; .68 | &nbsp;&nbsp; .57 | 1.48 |
| 12/31/2021 | 31.59 | &nbsp;&nbsp; .29 | 1.38 | 1.67 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.43)<br>| 31.83 | 5.16 | &nbsp;&nbsp; 2443 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; .88 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 26.53 | &nbsp;&nbsp; .37 | 6.93 | 7.30 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (1.21)<br>| &nbsp;&nbsp; (1.58)<br>| 32.25 | 28.27 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .83 | 1.25 |
| 12/31/2024 | 25.36 | &nbsp;&nbsp; .36 | 1.31 | 1.67 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.50)<br>| 26.53 | 6.58 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 1.33 |
| 12/31/2023 | 22.19 | &nbsp;&nbsp; .33 | 3.20 | 3.53 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.36)<br>| 25.36 | 15.98 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 1.38 |
| 12/31/2022 | 31.70 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; (7.15)<br>| &nbsp;&nbsp; (6.85)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; (2.34)<br>| &nbsp;&nbsp; (2.66)<br>| 22.19 | &nbsp;&nbsp; (22.09)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; .93 | &nbsp;&nbsp; .82 | 1.24 |
| 12/31/2021 | 31.43 | &nbsp;&nbsp; .17 | 1.41 | 1.58 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.31)<br>| 31.70 | 4.90 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .54 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 26.33 | &nbsp;&nbsp; .41 | 6.84 | 7.25 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; (1.21)<br>| &nbsp;&nbsp; (1.55)<br>| 32.03 | 28.29 | &nbsp;&nbsp; 941 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .83 | 1.41 |
| 12/31/2024 | 25.17 | &nbsp;&nbsp; .36 | 1.30 | 1.66 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.50)<br>| 26.33 | 6.55 | &nbsp;&nbsp; 791 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 1.36 |
| 12/31/2023 | 22.02 | &nbsp;&nbsp; .33 | 3.17 | 3.50 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.35)<br>| 25.17 | 15.99 | &nbsp;&nbsp; 803 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 1.39 |
| 12/31/2022 | 31.48 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; (7.10)<br>| &nbsp;&nbsp; (6.80)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; (2.34)<br>| &nbsp;&nbsp; (2.66)<br>| 22.02 | &nbsp;&nbsp; (22.10)<br>| &nbsp;&nbsp; 764 | &nbsp;&nbsp; .93 | &nbsp;&nbsp; .82 | 1.24 |
| 12/31/2021 | 31.25 | &nbsp;&nbsp; .20 | 1.38 | 1.58 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.35)<br>| 31.48 | 4.92 | &nbsp;&nbsp; 1086 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .63 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 26.09 | &nbsp;&nbsp; .33 | 6.77 | 7.10 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; (1.21)<br>| &nbsp;&nbsp; (1.48)<br>| 31.71 | 27.92 | &nbsp;&nbsp; 971 | 1.15 | 1.08 | 1.16 |
| 12/31/2024 | 24.95 | &nbsp;&nbsp; .29 | 1.28 | 1.57 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.43)<br>| 26.09 | 6.33 | &nbsp;&nbsp; 809 | 1.14 | 1.07 | 1.10 |
| 12/31/2023 | 21.84 | &nbsp;&nbsp; .27 | 3.14 | 3.41 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.30)<br>| 24.95 | 15.67 | &nbsp;&nbsp; 787 | 1.14 | 1.07 | 1.14 |
| 12/31/2022 | 31.24 | &nbsp;&nbsp; .24 | &nbsp;&nbsp; (7.03)<br>| &nbsp;&nbsp; (6.79)<br>| &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; (2.34)<br>| &nbsp;&nbsp; (2.61)<br>| 21.84 | &nbsp;&nbsp; (22.25)<br>| &nbsp;&nbsp; 701 | 1.18 | 1.07 | &nbsp;&nbsp; .99 |
| 12/31/2021 | 31.04 | &nbsp;&nbsp; .12 | 1.36 | 1.48 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (1.07)<br>| &nbsp;&nbsp; (1.28)<br>| 31.24 | 4.63 | &nbsp;&nbsp; 906 | 1.24 | 1.06 | &nbsp;&nbsp; .38 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **373** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>3</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>3</sup>  |
| **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** | **Washington Mutual Investors Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $16.86 | &nbsp;&nbsp; $.29 | &nbsp;&nbsp; $2.52 | &nbsp;&nbsp; $2.81 | &nbsp;&nbsp; $(.29)<br>| &nbsp;&nbsp; $(1.20)<br>| &nbsp;&nbsp; $(1.49)<br>| &nbsp;&nbsp; $18.18 | 17.50<br> %<br>| &nbsp;&nbsp; $6435 | &nbsp;&nbsp; .41<br> %<br>| &nbsp;&nbsp; .26<br> %<br>| 1.66<br> %<br>|
| 12/31/2024 | 14.49 | &nbsp;&nbsp; .29 | 2.51 | 2.80 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp; (.43)<br>| 16.86 | 19.40 | &nbsp;&nbsp; 6269 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .26 | 1.78 |
| 12/31/2023 | 12.69 | &nbsp;&nbsp; .28 | 1.92 | 2.20 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.40)<br>| 14.49 | 17.66 | &nbsp;&nbsp; 6020 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .27 | 2.07 |
| 12/31/2022 | 18.09 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (1.69)<br>| &nbsp;&nbsp; (1.38)<br>| &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; (3.72)<br>| &nbsp;&nbsp; (4.02)<br>| 12.69 | &nbsp;&nbsp; (8.28)<br>| &nbsp;&nbsp; 5507 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .26 | 2.13 |
| 12/31/2021 | 14.35 | &nbsp;&nbsp; .29 | 3.73 | 4.02 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.28)<br>| 18.09 | 28.12 | &nbsp;&nbsp; 6766 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; .31 | 1.79 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 16.79 | &nbsp;&nbsp; .24 | 2.51 | 2.75 | &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (1.45)<br>| 18.09 | 17.21 | &nbsp;&nbsp; 38 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.41 |
| 12/31/2024 | 14.43 | &nbsp;&nbsp; .25 | 2.50 | 2.75 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp; (.39)<br>| 16.79 | 19.15 | &nbsp;&nbsp; 29 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.53 |
| 12/31/2023 | 12.61 | &nbsp;&nbsp; .23 | 1.92 | 2.15 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.33)<br>| 14.43 | 17.29 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .52 | 1.77 |
| 12/31/2022 | 17.96 | &nbsp;&nbsp; .27 | &nbsp;&nbsp; (1.67)<br>| &nbsp;&nbsp; (1.40)<br>| &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (3.72)<br>| &nbsp;&nbsp; (3.95)<br>| 12.61 | &nbsp;&nbsp; (8.45)<br>| &nbsp;&nbsp; 64 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.76 |
| 12/31/2021 | 14.28 | &nbsp;&nbsp; .27 | 3.67 | 3.94 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 17.96 | 27.70 | &nbsp;&nbsp; 169 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .53 | 1.62 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 16.53 | &nbsp;&nbsp; .24 | 2.46 | 2.70 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (1.44)<br>| 17.79 | 17.21 | &nbsp;&nbsp; 3148 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.41 |
| 12/31/2024 | 14.21 | &nbsp;&nbsp; .24 | 2.47 | 2.71 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp; (.39)<br>| 16.53 | 19.14 | &nbsp;&nbsp; 3002 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.53 |
| 12/31/2023 | 12.46 | &nbsp;&nbsp; .24 | 1.88 | 2.12 | &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.37)<br>| 14.21 | 17.29 | &nbsp;&nbsp; 2899 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .52 | 1.82 |
| 12/31/2022 | 17.83 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; (1.65)<br>| &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (3.72)<br>| &nbsp;&nbsp; (3.98)<br>| 12.46 | &nbsp;&nbsp; (8.45)<br>| &nbsp;&nbsp; 2775 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; .51 | 1.88 |
| 12/31/2021 | 14.15 | &nbsp;&nbsp; .25 | 3.67 | 3.92 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 17.83 | 27.78 | &nbsp;&nbsp; 3426 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .56 | 1.54 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 16.34 | &nbsp;&nbsp; .20 | 2.42 | 2.62 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (1.41)<br>| 17.55 | 16.90 | &nbsp;&nbsp; 2353 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .76 | 1.16 |
| 12/31/2024 | 14.06 | &nbsp;&nbsp; .20 | 2.44 | 2.64 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp; (.36)<br>| 16.34 | 18.85 | &nbsp;&nbsp; 1766 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .76 | 1.28 |
| 12/31/2023 | 12.34 | &nbsp;&nbsp; .20 | 1.86 | 2.06 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.34)<br>| 14.06 | 16.97 | &nbsp;&nbsp; 1344 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .77 | 1.58 |
| 12/31/2022 | 17.71 | &nbsp;&nbsp; .23 | &nbsp;&nbsp; (1.64)<br>| &nbsp;&nbsp; (1.41)<br>| &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (3.72)<br>| &nbsp;&nbsp; (3.96)<br>| 12.34 | &nbsp;&nbsp; (8.69)<br>| &nbsp;&nbsp; 1098 | &nbsp;&nbsp; .91 | &nbsp;&nbsp; .77 | 1.64 |
| 12/31/2021 | 14.06 | &nbsp;&nbsp; .21 | 3.65 | 3.86 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.21)<br>| 17.71 | 27.51 | &nbsp;&nbsp; 1104 | &nbsp;&nbsp; .92 | &nbsp;&nbsp; .81 | 1.30 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **374** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** | **U.S. Small and Mid Cap Equity Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.71 | &nbsp;&nbsp; $.10 | &nbsp;&nbsp; $1.45 | &nbsp;&nbsp; $1.55 | &nbsp;&nbsp; $(.05)<br>| &nbsp;&nbsp; $— <br><sup>4</sup><br>| &nbsp;&nbsp; $(.05)<br>| &nbsp;&nbsp; $11.21 | 15.95<br> %<br>| &nbsp;&nbsp; $88 | &nbsp;&nbsp; .59<br> %<br>| &nbsp;&nbsp; .54<br> %<br>| &nbsp;&nbsp; .87<br> %<br>|
| 12/31/2024<sup>6,7</sup> <br>| 10.00 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.01)<br>| 9.71 | &nbsp;&nbsp; (2.81 )<sup>8</sup><br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .59 <br><sup>10</sup><br>| &nbsp;&nbsp; .54 <br><sup>10</sup><br>| &nbsp;&nbsp; .72 <br><sup>10</sup><br>|
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.71 | &nbsp;&nbsp; .08 | 1.46 | 1.54 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.04)<br>| 11.21 | 15.93 <br><sup>11</sup><br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .68 <br><sup>11</sup><br>| &nbsp;&nbsp; .54 <br><sup>11</sup><br>| &nbsp;&nbsp; .74 <br><sup>11</sup><br>|
| 12/31/2024<sup>6,7</sup> <br>| 10.00 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.01)<br>| 9.71 | &nbsp;&nbsp; (2.81 )<sup>811</sup><br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .59 <br><sup>1011</sup><br>| &nbsp;&nbsp; .54 <br><sup>1011</sup><br>| &nbsp;&nbsp; .72 <br><sup>1011</sup><br>|
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 9.71 | &nbsp;&nbsp; .08 | 1.46 | 1.54 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.04)<br>| 11.21 | 15.93 <br><sup>11</sup><br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .68 <br><sup>11</sup><br>| &nbsp;&nbsp; .54 <br><sup>11</sup><br>| &nbsp;&nbsp; .74 <br><sup>11</sup><br>|
| 12/31/2024<sup>6,7</sup> <br>| 10.00 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.01)<br>| 9.71 | &nbsp;&nbsp; (2.81 )<sup>811</sup><br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .59 <br><sup>1011</sup><br>| &nbsp;&nbsp; .54 <br><sup>1011</sup><br>| &nbsp;&nbsp; .72 <br><sup>1011</sup><br>|
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 9.71 | &nbsp;&nbsp; .07 | 1.47 | 1.54 | &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.03)<br>| 11.22 | 15.88 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .64 |
| 12/31/2024<sup>6,7</sup> <br>| 10.00 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.01)<br>| 9.71 | &nbsp;&nbsp; (2.82 )<sup>811</sup><br>| &nbsp;&nbsp; 15 | &nbsp;&nbsp; .59 <br><sup>1011</sup><br>| &nbsp;&nbsp; .55 <br><sup>1011</sup><br>| &nbsp;&nbsp; .71 <br><sup>1011</sup><br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **375** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** | **Capital World Growth and Income Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $15.53 | &nbsp;&nbsp; $.29 | &nbsp;&nbsp; $3.51 | &nbsp;&nbsp; $3.80 | &nbsp;&nbsp; $(.28)<br>| &nbsp;&nbsp; $(.61)<br>| &nbsp;&nbsp; $(.89)<br>| &nbsp;&nbsp; $18.44 | 25.16<br> %<br>| &nbsp;&nbsp; $622 | &nbsp;&nbsp; .52<br> %<br>| &nbsp;&nbsp; .42<br> %<br>| 1.70<br> %<br>|
| 12/31/2024 | 13.85 | &nbsp;&nbsp; .27 | 1.71 | 1.98 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.30)<br>| 15.53 | 14.24 | &nbsp;&nbsp; 597 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .42 | 1.75 |
| 12/31/2023 | 11.67 | &nbsp;&nbsp; .27 | 2.19 | 2.46 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.28)<br>| 13.85 | 21.22 | &nbsp;&nbsp; 579 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .41 | 2.08 |
| 12/31/2022 | 18.42 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; (3.28)<br>| &nbsp;&nbsp; (2.96)<br>| &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; (3.45)<br>| &nbsp;&nbsp; (3.79)<br>| 11.67 | &nbsp;&nbsp; (17.13)<br>| &nbsp;&nbsp; 548 | &nbsp;&nbsp; .57 | &nbsp;&nbsp; .41 | 2.36 |
| 12/31/2021 | 16.67 | &nbsp;&nbsp; .38 | 2.10 | 2.48 | &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.73)<br>| 18.42 | 15.03 | &nbsp;&nbsp; 812 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .47 | 2.14 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 15.44 | &nbsp;&nbsp; .24 | 3.48 | 3.72 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; (.85)<br>| 18.31 | 24.79 | &nbsp;&nbsp; 12 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | 1.43 |
| 12/31/2024 | 13.77 | &nbsp;&nbsp; .23 | 1.70 | 1.93 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 15.44 | 14.00 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | 1.50 |
| 12/31/2023 | 11.61 | &nbsp;&nbsp; .23 | 2.18 | 2.41 | &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.25)<br>| 13.77 | 20.87 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | 1.83 |
| 12/31/2022 | 18.34 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; (3.25)<br>| &nbsp;&nbsp; (2.97)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (3.45)<br>| &nbsp;&nbsp; (3.76)<br>| 11.61 | &nbsp;&nbsp; (17.29)<br>| &nbsp;&nbsp; 6 | &nbsp;&nbsp; .82 | &nbsp;&nbsp; .66 | 2.13 |
| 12/31/2021 | 16.62 | &nbsp;&nbsp; .37 | 2.06 | 2.43 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.71)<br>| 18.34 | 14.71 | &nbsp;&nbsp; 7 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; .70 | 2.08 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 15.49 | &nbsp;&nbsp; .24 | 3.50 | 3.74 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; (.85)<br>| 18.38 | 24.80 | &nbsp;&nbsp; 1090 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | 1.45 |
| 12/31/2024 | 13.81 | &nbsp;&nbsp; .23 | 1.71 | 1.94 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 15.49 | 14.00 | &nbsp;&nbsp; 1015 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .67 | 1.51 |
| 12/31/2023 | 11.64 | &nbsp;&nbsp; .23 | 2.18 | 2.41 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 13.81 | 20.88 | &nbsp;&nbsp; 1040 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .66 | 1.83 |
| 12/31/2022 | 18.38 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; (3.26)<br>| &nbsp;&nbsp; (2.98)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (3.45)<br>| &nbsp;&nbsp; (3.76)<br>| 11.64 | &nbsp;&nbsp; (17.33)<br>| &nbsp;&nbsp; 983 | &nbsp;&nbsp; .82 | &nbsp;&nbsp; .66 | 2.11 |
| 12/31/2021 | 16.63 | &nbsp;&nbsp; .33 | 2.11 | 2.44 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.69)<br>| 18.38 | 14.78 | &nbsp;&nbsp; 1340 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; .73 | 1.85 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 15.08 | &nbsp;&nbsp; .19 | 3.40 | 3.59 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; (.82)<br>| 17.85 | 24.46 | &nbsp;&nbsp; 363 | 1.02 | &nbsp;&nbsp; .92 | 1.18 |
| 12/31/2024 | 13.46 | &nbsp;&nbsp; .18 | 1.67 | 1.85 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.23)<br>| 15.08 | 13.70 | &nbsp;&nbsp; 268 | 1.02 | &nbsp;&nbsp; .92 | 1.25 |
| 12/31/2023 | 11.35 | &nbsp;&nbsp; .19 | 2.14 | 2.33 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 13.46 | 20.65 | &nbsp;&nbsp; 235 | 1.02 | &nbsp;&nbsp; .91 | 1.57 |
| 12/31/2022 | 18.04 | &nbsp;&nbsp; .24 | &nbsp;&nbsp; (3.20)<br>| &nbsp;&nbsp; (2.96)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (3.45)<br>| &nbsp;&nbsp; (3.73)<br>| 11.35 | &nbsp;&nbsp; (17.57)<br>| &nbsp;&nbsp; 188 | 1.07 | &nbsp;&nbsp; .91 | 1.86 |
| 12/31/2021 | 16.35 | &nbsp;&nbsp; .29 | 2.06 | 2.35 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; (.66)<br>| 18.04 | 14.46 | &nbsp;&nbsp; 225 | 1.13 | &nbsp;&nbsp; .97 | 1.65 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **376** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** | **Growth-Income Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $69.59 | &nbsp;&nbsp; $.78 | &nbsp;&nbsp; $10.25 | &nbsp;&nbsp; $11.03 | &nbsp;&nbsp; $(.76)<br>| &nbsp;&nbsp; $(12.13)<br>| &nbsp;&nbsp; $(12.89)<br>| &nbsp;&nbsp; $67.73 | 18.37<br> %<br>| &nbsp;&nbsp; $25780 | &nbsp;&nbsp; .28<br> %<br>| 1.17<br> %<br>|
| 12/31/2024 | 59.26 | &nbsp;&nbsp; .84 | 13.33 | 14.17 | &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (3.84)<br>| 69.59 | 24.55 | &nbsp;&nbsp; 24476 | &nbsp;&nbsp; .28 | 1.28 |
| 12/31/2023 | 50.21 | &nbsp;&nbsp; .86 | 11.96 | 12.82 | &nbsp;&nbsp; (.88)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (3.77)<br>| 59.26 | 26.47 | &nbsp;&nbsp; 22319 | &nbsp;&nbsp; .29 | 1.60 |
| 12/31/2022 | 67.35 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; (11.50)<br>| &nbsp;&nbsp; (10.65)<br>| &nbsp;&nbsp; (.83)<br>| &nbsp;&nbsp; (5.66)<br>| &nbsp;&nbsp; (6.49)<br>| 50.21 | &nbsp;&nbsp; (16.28)<br>| &nbsp;&nbsp; 19692 | &nbsp;&nbsp; .29 | 1.54 |
| 12/31/2021 | 55.38 | &nbsp;&nbsp; .79 | 12.64 | 13.43 | &nbsp;&nbsp; (.86)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (1.46)<br>| 67.35 | 24.42 | &nbsp;&nbsp; 25507 | &nbsp;&nbsp; .29 | 1.28 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 69.10 | &nbsp;&nbsp; .61 | 10.14 | 10.75 | &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; (12.13)<br>| &nbsp;&nbsp; (12.74)<br>| 67.11 | 18.06 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .92 |
| 12/31/2024 | 58.88 | &nbsp;&nbsp; .67 | 13.24 | 13.91 | &nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (3.69)<br>| 69.10 | 24.25 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; .53 | 1.02 |
| 12/31/2023 | 49.93 | &nbsp;&nbsp; .72 | 11.87 | 12.59 | &nbsp;&nbsp; (.75)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (3.64)<br>| 58.88 | 26.12 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; .54 | 1.35 |
| 12/31/2022 | 67.02 | &nbsp;&nbsp; .71 | &nbsp;&nbsp; (11.44)<br>| &nbsp;&nbsp; (10.73)<br>| &nbsp;&nbsp; (.70)<br>| &nbsp;&nbsp; (5.66)<br>| &nbsp;&nbsp; (6.36)<br>| 49.93 | &nbsp;&nbsp; (16.48)<br>| &nbsp;&nbsp; 28 | &nbsp;&nbsp; .54 | 1.30 |
| 12/31/2021 | 55.16 | &nbsp;&nbsp; .65 | 12.55 | 13.20 | &nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (1.34)<br>| 67.02 | 24.08 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; .53 | 1.04 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 68.38 | &nbsp;&nbsp; .60 | 10.03 | 10.63 | &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (12.13)<br>| &nbsp;&nbsp; (12.73)<br>| 66.28 | 18.06 | &nbsp;&nbsp; 14357 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .92 |
| 12/31/2024 | 58.30 | &nbsp;&nbsp; .66 | 13.10 | 13.76 | &nbsp;&nbsp; (.73)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (3.68)<br>| 68.38 | 24.23 | &nbsp;&nbsp; 13882 | &nbsp;&nbsp; .53 | 1.03 |
| 12/31/2023 | 49.46 | &nbsp;&nbsp; .72 | 11.75 | 12.47 | &nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (3.63)<br>| 58.30 | 26.14 | &nbsp;&nbsp; 12894 | &nbsp;&nbsp; .54 | 1.35 |
| 12/31/2022 | 66.44 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; (11.33)<br>| &nbsp;&nbsp; (10.63)<br>| &nbsp;&nbsp; (.69)<br>| &nbsp;&nbsp; (5.66)<br>| &nbsp;&nbsp; (6.35)<br>| 49.46 | &nbsp;&nbsp; (16.50)<br>| &nbsp;&nbsp; 11508 | &nbsp;&nbsp; .54 | 1.29 |
| 12/31/2021 | 54.66 | &nbsp;&nbsp; .63 | 12.45 | 13.08 | &nbsp;&nbsp; (.70)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (1.30)<br>| 66.44 | 24.10 | &nbsp;&nbsp; 15319 | &nbsp;&nbsp; .54 | 1.03 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 69.76 | &nbsp;&nbsp; .66 | 10.26 | 10.92 | &nbsp;&nbsp; (.64)<br>| &nbsp;&nbsp; (12.13)<br>| &nbsp;&nbsp; (12.77)<br>| 67.91 | 18.13 | &nbsp;&nbsp; 163 | &nbsp;&nbsp; .46 | &nbsp;&nbsp; .99 |
| 12/31/2024 | 59.40 | &nbsp;&nbsp; .72 | 13.36 | 14.08 | &nbsp;&nbsp; (.77)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (3.72)<br>| 69.76 | 24.32 | &nbsp;&nbsp; 155 | &nbsp;&nbsp; .46 | 1.10 |
| 12/31/2023 | 50.33 | &nbsp;&nbsp; .77 | 11.97 | 12.74 | &nbsp;&nbsp; (.78)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (3.67)<br>| 59.40 | 26.23 | &nbsp;&nbsp; 142 | &nbsp;&nbsp; .47 | 1.42 |
| 12/31/2022 | 67.48 | &nbsp;&nbsp; .75 | &nbsp;&nbsp; (11.51)<br>| &nbsp;&nbsp; (10.76)<br>| &nbsp;&nbsp; (.73)<br>| &nbsp;&nbsp; (5.66)<br>| &nbsp;&nbsp; (6.39)<br>| 50.33 | &nbsp;&nbsp; (16.43)<br>| &nbsp;&nbsp; 125 | &nbsp;&nbsp; .47 | 1.36 |
| 12/31/2021 | 55.49 | &nbsp;&nbsp; .68 | 12.65 | 13.33 | &nbsp;&nbsp; (.74)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (1.34)<br>| 67.48 | 24.18 | &nbsp;&nbsp; 166 | &nbsp;&nbsp; .47 | 1.10 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 67.14 | &nbsp;&nbsp; .43 | 9.80 | 10.23 | &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (12.13)<br>| &nbsp;&nbsp; (12.60)<br>| 64.77 | 17.77 | &nbsp;&nbsp; 3273 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .67 |
| 12/31/2024 | 57.34 | &nbsp;&nbsp; .49 | 12.86 | 13.35 | &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (3.55)<br>| 67.14 | 23.93 | &nbsp;&nbsp; 2698 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .78 |
| 12/31/2023 | 48.72 | &nbsp;&nbsp; .57 | 11.57 | 12.14 | &nbsp;&nbsp; (.63)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (3.52)<br>| 57.34 | 25.82 | &nbsp;&nbsp; 2062 | &nbsp;&nbsp; .79 | 1.10 |
| 12/31/2022 | 65.57 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; (11.18)<br>| &nbsp;&nbsp; (10.62)<br>| &nbsp;&nbsp; (.57)<br>| &nbsp;&nbsp; (5.66)<br>| &nbsp;&nbsp; (6.23)<br>| 48.72 | &nbsp;&nbsp; (16.70)<br>| &nbsp;&nbsp; 1630 | &nbsp;&nbsp; .79 | 1.05 |
| 12/31/2021 | 53.99 | &nbsp;&nbsp; .48 | 12.28 | 12.76 | &nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (1.18)<br>| 65.57 | 23.80 | &nbsp;&nbsp; 1928 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; .79 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **377** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** | **International Growth and Income Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $10.19 | &nbsp;&nbsp; $.33 | &nbsp;&nbsp; $3.31 | &nbsp;&nbsp; $3.64 | &nbsp;&nbsp; $(.34)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.34)<br>| &nbsp;&nbsp; $13.49 | 35.83<br> %<br>| &nbsp;&nbsp; $35 | &nbsp;&nbsp; .57<br> %<br>| &nbsp;&nbsp; .57<br> %<br>| 2.68<br> %<br>|
| 12/31/2024 | 10.10 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; .10 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.29)<br>| 10.19 | 3.64 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; .57 | &nbsp;&nbsp; .57 | 2.62 |
| 12/31/2023 | 8.94 | &nbsp;&nbsp; .27 | 1.15 | 1.42 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 10.10 | 16.08 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; .55 | 2.82 |
| 12/31/2022 | 19.62 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (3.09)<br>| &nbsp;&nbsp; (2.70)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (7.70)<br>| &nbsp;&nbsp; (7.98)<br>| 8.94 | &nbsp;&nbsp; (15.00)<br>| &nbsp;&nbsp; 13 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .54 | 3.29 |
| 12/31/2021 | 19.01 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; .53 | 1.07 | &nbsp;&nbsp; (.46)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.46)<br>| 19.62 | 5.64 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; .67 | &nbsp;&nbsp; .67 | 2.70 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.91 | &nbsp;&nbsp; .28 | 3.21 | 3.49 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.31)<br>| 13.09 | 35.35 | &nbsp;&nbsp; 9 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .81 | 2.40 |
| 12/31/2024 | 9.83 | &nbsp;&nbsp; .24 | &nbsp;&nbsp; .10 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 9.91 | 3.39 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; .82 | &nbsp;&nbsp; .82 | 2.34 |
| 12/31/2023 | 8.70 | &nbsp;&nbsp; .24 | 1.13 | 1.37 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 9.83 | 15.92 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .80 | 2.54 |
| 12/31/2022 | 19.39 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; (3.05)<br>| &nbsp;&nbsp; (2.70)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (7.70)<br>| &nbsp;&nbsp; (7.99)<br>| 8.70 | &nbsp;&nbsp; (15.31)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; .79 | 3.15 |
| 12/31/2021 | 18.97 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .52 | 1.02 | &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.60)<br>| 19.39 | 5.39 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; .92 | 2.50 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 9.91 | &nbsp;&nbsp; .28 | 3.22 | 3.50 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.31)<br>| 13.10 | 35.41 | &nbsp;&nbsp; 172 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .81 | 2.44 |
| 12/31/2024 | 9.82 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .10 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.26)<br>| 9.91 | 3.48 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; .82 | &nbsp;&nbsp; .82 | 2.40 |
| 12/31/2023 | 8.70 | &nbsp;&nbsp; .24 | 1.12 | 1.36 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 9.82 | 15.76 | &nbsp;&nbsp; 165 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; .80 | 2.54 |
| 12/31/2022 | 19.38 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; (3.05)<br>| &nbsp;&nbsp; (2.69)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (7.70)<br>| &nbsp;&nbsp; (7.99)<br>| 8.70 | &nbsp;&nbsp; (15.25)<br>| &nbsp;&nbsp; 162 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; .78 | 3.24 |
| 12/31/2021 | 18.95 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; .53 | 1.01 | &nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.58)<br>| 19.38 | 5.37 | &nbsp;&nbsp; 211 | &nbsp;&nbsp; .93 | &nbsp;&nbsp; .92 | 2.44 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 9.74 | &nbsp;&nbsp; .25 | 3.16 | 3.41 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.28)<br>| 12.87 | 35.09 | &nbsp;&nbsp; 189 | 1.06 | 1.06 | 2.18 |
| 12/31/2024 | 9.67 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; .09 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 9.74 | 3.11 | &nbsp;&nbsp; 150 | 1.07 | 1.07 | 2.13 |
| 12/31/2023 | 8.56 | &nbsp;&nbsp; .21 | 1.12 | 1.33 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.22)<br>| 9.67 | 15.66 | &nbsp;&nbsp; 143 | 1.06 | 1.05 | 2.29 |
| 12/31/2022 | 19.23 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; (3.04)<br>| &nbsp;&nbsp; (2.71)<br>| &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (7.70)<br>| &nbsp;&nbsp; (7.96)<br>| 8.56 | &nbsp;&nbsp; (15.52)<br>| &nbsp;&nbsp; 121 | 1.13 | 1.04 | 3.01 |
| 12/31/2021 | 18.82 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.54)<br>| 19.23 | 5.09 | &nbsp;&nbsp; 132 | 1.18 | 1.17 | 2.21 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **378** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** | **Capital Income Builder** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $12.39 | &nbsp;&nbsp; $.45 | &nbsp;&nbsp; $2.09 | &nbsp;&nbsp; $2.54 | &nbsp;&nbsp; $(.44)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.44)<br>| &nbsp;&nbsp; $14.49 | 20.69<br> %<br>| &nbsp;&nbsp; $841 | &nbsp;&nbsp; .40<br> %<br>| &nbsp;&nbsp; .27<br> %<br>| 3.29<br> %<br>|
| 12/31/2024 | 11.63 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; .79 | 1.21 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.45)<br>| 12.39 | 10.45 | &nbsp;&nbsp; 709 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; .27 | 3.44 |
| 12/31/2023 | 10.99 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .59 | 1.00 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.36)<br>| 11.63 | 9.28 | &nbsp;&nbsp; 660 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; .26 | 3.68 |
| 12/31/2022 | 12.17 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; (1.21)<br>| &nbsp;&nbsp; (.84)<br>| &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.34)<br>| 10.99 | &nbsp;&nbsp; (6.90)<br>| &nbsp;&nbsp; 586 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; .26 | 3.31 |
| 12/31/2021 | 10.87 | &nbsp;&nbsp; .37 | 1.28 | 1.65 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.35)<br>| 12.17 | 15.31 | &nbsp;&nbsp; 563 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .27 | 3.19 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 12.38 | &nbsp;&nbsp; .41 | 2.10 | 2.51 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 14.48 | 20.42 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .52 | 3.04 |
| 12/31/2024 | 11.62 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .79 | 1.18 | &nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.42)<br>| 12.38 | 10.19 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .52 | 3.17 |
| 12/31/2023 | 10.98 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .97 | &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.33)<br>| 11.62 | 9.01 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .51 | 3.42 |
| 12/31/2022 | 12.15 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (1.19)<br>| &nbsp;&nbsp; (.85)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.32)<br>| 10.98 | &nbsp;&nbsp; (7.06)<br>| &nbsp;&nbsp; 10 | &nbsp;&nbsp; .69 | &nbsp;&nbsp; .52 | 3.06 |
| 12/31/2021 | 10.86 | &nbsp;&nbsp; .34 | 1.27 | 1.61 | &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.32)<br>| 12.15 | 14.95 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .52 | 2.94 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 12.38 | &nbsp;&nbsp; .41 | 2.10 | 2.51 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 14.48 | 20.41 | &nbsp;&nbsp; 23 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .52 | 3.04 |
| 12/31/2024 | 11.62 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .79 | 1.18 | &nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.42)<br>| 12.38 | 10.19 | &nbsp;&nbsp; 18 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .52 | 3.18 |
| 12/31/2023 | 10.98 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .97 | &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.33)<br>| 11.62 | 9.01 | &nbsp;&nbsp; 15 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .51 | 3.43 |
| 12/31/2022 | 12.16 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (.86)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.32)<br>| 10.98 | &nbsp;&nbsp; (7.13)<br>| &nbsp;&nbsp; 13 | &nbsp;&nbsp; .69 | &nbsp;&nbsp; .51 | 3.06 |
| 12/31/2021 | 10.87 | &nbsp;&nbsp; .34 | 1.27 | 1.61 | &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.32)<br>| 12.16 | 14.94 | &nbsp;&nbsp; 13 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .52 | 2.93 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 12.36 | &nbsp;&nbsp; .38 | 2.09 | 2.47 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.37)<br>| 14.46 | 20.16 | &nbsp;&nbsp; 781 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .77 | 2.79 |
| 12/31/2024 | 11.60 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; .79 | 1.15 | &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.39)<br>| 12.36 | 9.93 | &nbsp;&nbsp; 629 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .77 | 2.93 |
| 12/31/2023 | 10.96 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.30)<br>| 11.60 | 8.75 | &nbsp;&nbsp; 566 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .76 | 3.18 |
| 12/31/2022 | 12.14 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (1.20)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.29)<br>| 10.96 | &nbsp;&nbsp; (7.37)<br>| &nbsp;&nbsp; 530 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; .76 | 2.81 |
| 12/31/2021 | 10.85 | &nbsp;&nbsp; .31 | 1.27 | 1.58 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.29)<br>| 12.14 | 14.68 | &nbsp;&nbsp; 559 | 1.03 | &nbsp;&nbsp; .77 | 2.69 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **379** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets**<sup>3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** | **Asset Allocation Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $26.04 | &nbsp;&nbsp; $.59 | &nbsp;&nbsp; $3.39 | &nbsp;&nbsp; $3.98 | &nbsp;&nbsp; $(.60)<br>| &nbsp;&nbsp; $(1.91)<br>| &nbsp;&nbsp; $(2.51)<br>| &nbsp;&nbsp; $27.51 | 16.16<br> %<br>| &nbsp;&nbsp; $15919 | &nbsp;&nbsp; .30<br> %<br>| 2.24<br> %<br>|
| 12/31/2024 | 23.86 | &nbsp;&nbsp; .60 | 3.29 | 3.89 | &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.71)<br>| 26.04 | 16.73 | &nbsp;&nbsp; 16023 | &nbsp;&nbsp; .30 | 2.36 |
| 12/31/2023 | 22.20 | &nbsp;&nbsp; .57 | 2.54 | 3.11 | &nbsp;&nbsp; (.56)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (1.45)<br>| 23.86 | 14.55 | &nbsp;&nbsp; 15555 | &nbsp;&nbsp; .30 | 2.49 |
| 12/31/2022 | 29.08 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; (4.24)<br>| &nbsp;&nbsp; (3.72)<br>| &nbsp;&nbsp; (.51)<br>| &nbsp;&nbsp; (2.65)<br>| &nbsp;&nbsp; (3.16)<br>| 22.20 | &nbsp;&nbsp; (13.19)<br>| &nbsp;&nbsp; 15138 | &nbsp;&nbsp; .30 | 2.15 |
| 12/31/2021 | 26.50 | &nbsp;&nbsp; .48 | 3.54 | 4.02 | &nbsp;&nbsp; (.50)<br>| &nbsp;&nbsp; (.94)<br>| &nbsp;&nbsp; (1.44)<br>| 29.08 | 15.40 | &nbsp;&nbsp; 18836 | &nbsp;&nbsp; .30 | 1.71 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 25.88 | &nbsp;&nbsp; .52 | 3.36 | 3.88 | &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; (1.91)<br>| &nbsp;&nbsp; (2.45)<br>| 27.31 | 15.86 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; .55 | 1.98 |
| 12/31/2024 | 23.74 | &nbsp;&nbsp; .54 | 3.26 | 3.80 | &nbsp;&nbsp; (.56)<br>| &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.66)<br>| 25.88 | 16.41 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; .55 | 2.12 |
| 12/31/2023 | 22.10 | &nbsp;&nbsp; .51 | 2.53 | 3.04 | &nbsp;&nbsp; (.51)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (1.40)<br>| 23.74 | 14.32 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; .55 | 2.25 |
| 12/31/2022 | 28.97 | &nbsp;&nbsp; .46 | &nbsp;&nbsp; (4.22)<br>| &nbsp;&nbsp; (3.76)<br>| &nbsp;&nbsp; (.46)<br>| &nbsp;&nbsp; (2.65)<br>| &nbsp;&nbsp; (3.11)<br>| 22.10 | &nbsp;&nbsp; (13.43)<br>| &nbsp;&nbsp; 27 | &nbsp;&nbsp; .55 | 1.95 |
| 12/31/2021 | 26.42 | &nbsp;&nbsp; .42 | 3.52 | 3.94 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; (.94)<br>| &nbsp;&nbsp; (1.39)<br>| 28.97 | 15.13 | &nbsp;&nbsp; 24 | &nbsp;&nbsp; .55 | 1.49 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 25.65 | &nbsp;&nbsp; .52 | 3.32 | 3.84 | &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; (1.91)<br>| &nbsp;&nbsp; (2.44)<br>| 27.05 | 15.85 | &nbsp;&nbsp; 4401 | &nbsp;&nbsp; .55 | 1.99 |
| 12/31/2024 | 23.53 | &nbsp;&nbsp; .53 | 3.24 | 3.77 | &nbsp;&nbsp; (.55)<br>| &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.65)<br>| 25.65 | 16.44 | &nbsp;&nbsp; 4340 | &nbsp;&nbsp; .55 | 2.11 |
| 12/31/2023 | 21.91 | &nbsp;&nbsp; .50 | 2.52 | 3.02 | &nbsp;&nbsp; (.51)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (1.40)<br>| 23.53 | 14.27 | &nbsp;&nbsp; 4261 | &nbsp;&nbsp; .55 | 2.24 |
| 12/31/2022 | 28.74 | &nbsp;&nbsp; .46 | &nbsp;&nbsp; (4.19)<br>| &nbsp;&nbsp; (3.73)<br>| &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; (2.65)<br>| &nbsp;&nbsp; (3.10)<br>| 21.91 | &nbsp;&nbsp; (13.41)<br>| &nbsp;&nbsp; 4228 | &nbsp;&nbsp; .55 | 1.90 |
| 12/31/2021 | 26.21 | &nbsp;&nbsp; .41 | 3.49 | 3.90 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; (.94)<br>| &nbsp;&nbsp; (1.37)<br>| 28.74 | 15.10 | &nbsp;&nbsp; 5473 | &nbsp;&nbsp; .55 | 1.46 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 26.08 | &nbsp;&nbsp; .55 | 3.38 | 3.93 | &nbsp;&nbsp; (.55)<br>| &nbsp;&nbsp; (1.91)<br>| &nbsp;&nbsp; (2.46)<br>| 27.55 | 15.94 | &nbsp;&nbsp; 35 | &nbsp;&nbsp; .48 | 2.06 |
| 12/31/2024 | 23.90 | &nbsp;&nbsp; .56 | 3.29 | 3.85 | &nbsp;&nbsp; (.57)<br>| &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.67)<br>| 26.08 | 16.52 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; .48 | 2.18 |
| 12/31/2023 | 22.23 | &nbsp;&nbsp; .53 | 2.55 | 3.08 | &nbsp;&nbsp; (.52)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (1.41)<br>| 23.90 | 14.37 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; .48 | 2.31 |
| 12/31/2022 | 29.12 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; (4.25)<br>| &nbsp;&nbsp; (3.77)<br>| &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (2.65)<br>| &nbsp;&nbsp; (3.12)<br>| 22.23 | &nbsp;&nbsp; (13.37)<br>| &nbsp;&nbsp; 28 | &nbsp;&nbsp; .48 | 1.97 |
| 12/31/2021 | 26.53 | &nbsp;&nbsp; .43 | 3.55 | 3.98 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; (.94)<br>| &nbsp;&nbsp; (1.39)<br>| 29.12 | 15.22 | &nbsp;&nbsp; 36 | &nbsp;&nbsp; .48 | 1.53 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 25.41 | &nbsp;&nbsp; .45 | 3.29 | 3.74 | &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (1.91)<br>| &nbsp;&nbsp; (2.38)<br>| 26.77 | 15.59 | &nbsp;&nbsp; 7264 | &nbsp;&nbsp; .80 | 1.74 |
| 12/31/2024 | 23.34 | &nbsp;&nbsp; .46 | 3.20 | 3.66 | &nbsp;&nbsp; (.49)<br>| &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.59)<br>| 25.41 | 16.11 | &nbsp;&nbsp; 6649 | &nbsp;&nbsp; .80 | 1.87 |
| 12/31/2023 | 21.75 | &nbsp;&nbsp; .44 | 2.49 | 2.93 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; (.89)<br>| &nbsp;&nbsp; (1.34)<br>| 23.34 | 14.02 | &nbsp;&nbsp; 5807 | &nbsp;&nbsp; .80 | 1.99 |
| 12/31/2022 | 28.56 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (4.16)<br>| &nbsp;&nbsp; (3.77)<br>| &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; (2.65)<br>| &nbsp;&nbsp; (3.04)<br>| 21.75 | &nbsp;&nbsp; (13.66)<br>| &nbsp;&nbsp; 5380 | &nbsp;&nbsp; .80 | 1.66 |
| 12/31/2021 | 26.06 | &nbsp;&nbsp; .34 | 3.47 | 3.81 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (.94)<br>| &nbsp;&nbsp; (1.31)<br>| 28.56 | 14.84 | &nbsp;&nbsp; 6337 | &nbsp;&nbsp; .80 | 1.22 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **380** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** | **American Funds Global Balanced Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $12.96 | &nbsp;&nbsp; $.36 | &nbsp;&nbsp; $1.84 | &nbsp;&nbsp; $2.20 | &nbsp;&nbsp; $(.22)<br>| &nbsp;&nbsp; $(.53)<br>| &nbsp;&nbsp; $(.75)<br>| &nbsp;&nbsp; $14.41 | 17.42<br> %<br>| &nbsp;&nbsp; $97 | &nbsp;&nbsp; .52<br> %<br>| &nbsp;&nbsp; .51<br> %<br>| 2.63<br> %<br>|
| 12/31/2024 | 12.37 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .86 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.27)<br>| 12.96 | 6.90 | &nbsp;&nbsp; 95 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .51 | 2.63 |
| 12/31/2023 | 12.55 | &nbsp;&nbsp; .33 | 1.29 | 1.62 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.80)<br>| 12.37 | 14.05 | &nbsp;&nbsp; 98 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .52 | 2.67 |
| 12/31/2022 | 14.73 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; (2.37)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; (.07)<br>| 12.55 | &nbsp;&nbsp; (14.33)<br>| &nbsp;&nbsp; 96 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .58 | 1.99 |
| 12/31/2021 | 14.19 | &nbsp;&nbsp; .18 | 1.37 | 1.55 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.82)<br>| &nbsp;&nbsp; (1.01)<br>| 14.73 | 11.05 | &nbsp;&nbsp; 120 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 1.24 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 12.87 | &nbsp;&nbsp; .32 | 1.84 | 2.16 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; (.72)<br>| 14.31 | 17.21 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .76 | 2.36 |
| 12/31/2024 | 12.30 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.24)<br>| 12.87 | 6.57 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .77 | 2.35 |
| 12/31/2023 | 12.49 | &nbsp;&nbsp; .29 | 1.30 | 1.59 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.78)<br>| 12.30 | 13.77 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .77 | 2.42 |
| 12/31/2022 | 14.70 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; (2.36)<br>| &nbsp;&nbsp; (2.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; (.07)<br>| 12.49 | &nbsp;&nbsp; (14.56)<br>| &nbsp;&nbsp; 3 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; .84 | 1.71 |
| 12/31/2021 | 14.16 | &nbsp;&nbsp; .15 | 1.36 | 1.51 | &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (.82)<br>| &nbsp;&nbsp; (.97)<br>| 14.70 | 10.83 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; .98 | 1.02 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 12.89 | &nbsp;&nbsp; .32 | 1.84 | 2.16 | &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; (.72)<br>| 14.33 | 17.14 | &nbsp;&nbsp; 147 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .76 | 2.38 |
| 12/31/2024 | 12.31 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.23)<br>| 12.89 | 6.58 | &nbsp;&nbsp; 149 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; .76 | 2.38 |
| 12/31/2023 | 12.49 | &nbsp;&nbsp; .30 | 1.29 | 1.59 | &nbsp;&nbsp; (.20)<br>| &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.77)<br>| 12.31 | 13.83 | &nbsp;&nbsp; 160 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .77 | 2.42 |
| 12/31/2022 | 14.70 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; (2.36)<br>| &nbsp;&nbsp; (2.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; (.07)<br>| 12.49 | &nbsp;&nbsp; (14.56)<br>| &nbsp;&nbsp; 158 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; .83 | 1.73 |
| 12/31/2021 | 14.16 | &nbsp;&nbsp; .15 | 1.36 | 1.51 | &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (.82)<br>| &nbsp;&nbsp; (.97)<br>| 14.70 | 10.79 | &nbsp;&nbsp; 208 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; .98 | 1.01 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 12.66 | &nbsp;&nbsp; .28 | 1.82 | 2.10 | &nbsp;&nbsp; (.17)<br>| &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; (.70)<br>| 14.06 | 16.96 | &nbsp;&nbsp; 202 | 1.03 | 1.01 | 2.10 |
| 12/31/2024 | 12.10 | &nbsp;&nbsp; .27 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.21)<br>| 12.66 | 6.32 | &nbsp;&nbsp; 144 | 1.02 | 1.01 | 2.12 |
| 12/31/2023 | 12.32 | &nbsp;&nbsp; .26 | 1.27 | 1.53 | &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.75)<br>| 12.10 | 13.45 | &nbsp;&nbsp; 128 | 1.03 | 1.02 | 2.17 |
| 12/31/2022 | 14.53 | &nbsp;&nbsp; .19 | &nbsp;&nbsp; (2.33)<br>| &nbsp;&nbsp; (2.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; (.07)<br>| 12.32 | &nbsp;&nbsp; (14.73)<br>| &nbsp;&nbsp; 111 | 1.09 | 1.08 | 1.49 |
| 12/31/2021 | 14.02 | &nbsp;&nbsp; .11 | 1.34 | 1.45 | &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.82)<br>| &nbsp;&nbsp; (.94)<br>| 14.53 | 10.46 | &nbsp;&nbsp; 135 | 1.23 | 1.23 | &nbsp;&nbsp; .77 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **381** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** | **The Bond Fund of America** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.27 | &nbsp;&nbsp; $.43 | &nbsp;&nbsp; $.25 | &nbsp;&nbsp; $.68 | &nbsp;&nbsp; $(.43)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.43)<br>| &nbsp;&nbsp; $9.52 | 7.40<br> %<br>| &nbsp;&nbsp; $6909 | &nbsp;&nbsp; .39<br> %<br>| &nbsp;&nbsp; .24<br> %<br>| 4.54<br> %<br>|
| 12/31/2024 | 9.54 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; .15 | &nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.42)<br>| 9.27 | 1.50 | &nbsp;&nbsp; 6992 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .24 | 4.60 |
| 12/31/2023 | 9.41 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .09 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.35)<br>| 9.54 | 5.21 | &nbsp;&nbsp; 6908 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .20 | 4.15 |
| 12/31/2022 | 11.21 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (1.67)<br>| &nbsp;&nbsp; (1.36)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.44)<br>| 9.41 | &nbsp;&nbsp; (12.26)<br>| &nbsp;&nbsp; 6370 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .20 | 3.09 |
| 12/31/2021 | 11.89 | &nbsp;&nbsp; .21 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (.02)<br>| &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (.66)<br>| 11.21 | &nbsp;&nbsp; (.14)<br>| &nbsp;&nbsp; 8555 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .26 | 1.84 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.20 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.45 | 7.24 | &nbsp;&nbsp; 297 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .49 | 4.28 |
| 12/31/2024 | 9.47 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; .12 | &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.39)<br>| 9.20 | 1.23 | &nbsp;&nbsp; 221 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .49 | 4.35 |
| 12/31/2023 | 9.35 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; .08 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.33)<br>| 9.47 | 4.89 | &nbsp;&nbsp; 258 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .45 | 3.90 |
| 12/31/2022 | 11.16 | &nbsp;&nbsp; .31 | &nbsp;&nbsp; (1.69)<br>| &nbsp;&nbsp; (1.38)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.43)<br>| 9.35 | &nbsp;&nbsp; (12.49)<br>| &nbsp;&nbsp; 220 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .45 | 3.15 |
| 12/31/2021 | 11.84 | &nbsp;&nbsp; .18 | &nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp; (.05)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (.63)<br>| 11.16 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; 12 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .51 | 1.59 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 9.12 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; .66 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.37 | 7.26 | &nbsp;&nbsp; 2724 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .49 | 4.29 |
| 12/31/2024 | 9.40 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; .11 | &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.39)<br>| 9.12 | 1.16 | &nbsp;&nbsp; 2766 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .49 | 4.35 |
| 12/31/2023 | 9.27 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; .10 | &nbsp;&nbsp; .46 | &nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.33)<br>| 9.40 | 5.02 | &nbsp;&nbsp; 2879 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .45 | 3.89 |
| 12/31/2022 | 11.06 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; (1.66)<br>| &nbsp;&nbsp; (1.38)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.41)<br>| 9.27 | &nbsp;&nbsp; (12.58)<br>| &nbsp;&nbsp; 2844 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .45 | 2.84 |
| 12/31/2021 | 11.73 | &nbsp;&nbsp; .18 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (.63)<br>| 11.06 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; 3729 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .52 | 1.57 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 9.07 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.39)<br>| 9.31 | 6.98 | &nbsp;&nbsp; 1426 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .74 | 4.04 |
| 12/31/2024 | 9.35 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; .09 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.37)<br>| 9.07 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; 1188 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .74 | 4.10 |
| 12/31/2023 | 9.23 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .09 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.31)<br>| 9.35 | 4.72 | &nbsp;&nbsp; 963 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .70 | 3.66 |
| 12/31/2022 | 11.01 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; (1.65)<br>| &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (.39)<br>| 9.23 | &nbsp;&nbsp; (12.75)<br>| &nbsp;&nbsp; 787 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .70 | 2.61 |
| 12/31/2021 | 11.69 | &nbsp;&nbsp; .15 | &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; (.14)<br>| &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; (.61)<br>| 11.01 | &nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp; 891 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .76 | 1.34 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **382** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** | **Capital World Bond Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.63 | &nbsp;&nbsp; $.41 | &nbsp;&nbsp; $.51 | &nbsp;&nbsp; $.92 | &nbsp;&nbsp; $(.33)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.33)<br>| &nbsp;&nbsp; $10.22 | 9.55<br> %<br>| &nbsp;&nbsp; $611 | &nbsp;&nbsp; .48<br> %<br>| &nbsp;&nbsp; .48<br> %<br>| 4.07<br> %<br>|
| 12/31/2024 | 10.16 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; (.70)<br>| &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.25)<br>| 9.63 | &nbsp;&nbsp; (2.76)<br>| &nbsp;&nbsp; 588 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; .48 | 4.20 |
| 12/31/2023 | 9.55 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 10.16 | 6.39 | &nbsp;&nbsp; 665 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; .48 | 3.33 |
| 12/31/2022 | 11.79 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; (2.30)<br>| &nbsp;&nbsp; (2.05)<br>| &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.19)<br>| 9.55 | &nbsp;&nbsp; (17.43)<br>| &nbsp;&nbsp; 663 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .48 | 2.43 |
| 12/31/2021 | 12.94 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; (.85)<br>| &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.55)<br>| 11.79 | &nbsp;&nbsp; (4.73)<br>| &nbsp;&nbsp; 988 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .50 | 2.06 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.54 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.30)<br>| 10.13 | 9.31 | &nbsp;&nbsp; 30 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 3.84 |
| 12/31/2024 | 10.08 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; (.69)<br>| &nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.25)<br>| 9.54 | &nbsp;&nbsp; (2.97)<br>| &nbsp;&nbsp; 39 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; .74 | 4.05 |
| 12/31/2023 | 9.50 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 10.08 | 6.11 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 3.08 |
| 12/31/2022 | 11.76 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; (2.30)<br>| &nbsp;&nbsp; (2.08)<br>| &nbsp;&nbsp; (.02)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.18)<br>| 9.50 | &nbsp;&nbsp; (17.69)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; .76 | &nbsp;&nbsp; .73 | 2.19 |
| 12/31/2021 | 12.91 | &nbsp;&nbsp; .23 | &nbsp;&nbsp; (.85)<br>| &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.53)<br>| 11.76 | &nbsp;&nbsp; (4.88)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; .75 | 1.85 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 9.52 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.30)<br>| 10.10 | 9.39 | &nbsp;&nbsp; 758 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 3.82 |
| 12/31/2024 | 10.03 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (.69)<br>| &nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.21)<br>| 9.52 | &nbsp;&nbsp; (3.04)<br>| &nbsp;&nbsp; 761 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 3.95 |
| 12/31/2023 | 9.45 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 10.03 | 6.14 | &nbsp;&nbsp; 817 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; .73 | 3.08 |
| 12/31/2022 | 11.70 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; (2.29)<br>| &nbsp;&nbsp; (2.07)<br>| &nbsp;&nbsp; (.02)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.18)<br>| 9.45 | &nbsp;&nbsp; (17.70)<br>| &nbsp;&nbsp; 765 | &nbsp;&nbsp; .76 | &nbsp;&nbsp; .73 | 2.18 |
| 12/31/2021 | 12.84 | &nbsp;&nbsp; .22 | &nbsp;&nbsp; (.84)<br>| &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.52)<br>| 11.70 | &nbsp;&nbsp; (4.92)<br>| &nbsp;&nbsp; 1030 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; .75 | 1.82 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 9.37 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; .49 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.28)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.28)<br>| 9.93 | 9.03 | &nbsp;&nbsp; 81 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; .98 | 3.56 |
| 12/31/2024 | 9.88 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; (.68)<br>| &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; (.19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.19)<br>| 9.37 | &nbsp;&nbsp; (3.32)<br>| &nbsp;&nbsp; 60 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; .98 | 3.70 |
| 12/31/2023 | 9.33 | &nbsp;&nbsp; .27 | &nbsp;&nbsp; .28 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 9.88 | 5.89 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; .98 | &nbsp;&nbsp; .98 | 2.84 |
| 12/31/2022 | 11.57 | &nbsp;&nbsp; .19 | &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp; (2.06)<br>| &nbsp;&nbsp; (.02)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (.18)<br>| 9.33 | &nbsp;&nbsp; (17.84)<br>| &nbsp;&nbsp; 53 | 1.01 | &nbsp;&nbsp; .98 | 1.94 |
| 12/31/2021 | 12.71 | &nbsp;&nbsp; .19 | &nbsp;&nbsp; (.84)<br>| &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp; (.49)<br>| 11.57 | &nbsp;&nbsp; (5.18)<br>| &nbsp;&nbsp; 66 | 1.10 | 1.00 | 1.57 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **383** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,3</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** | **American High-Income Trust** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.19 | &nbsp;&nbsp; $.64 | &nbsp;&nbsp; $.13 | &nbsp;&nbsp; $.77 | &nbsp;&nbsp; $(.63)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.63)<br>| &nbsp;&nbsp; $9.33 | 8.52<br> %<br>| &nbsp;&nbsp; $255 | &nbsp;&nbsp; .45<br> %<br>| &nbsp;&nbsp; .33<br> %<br>| 6.81<br> %<br>|
| 12/31/2024 | 8.94 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .24 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; (.64)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.64)<br>| 9.19 | 9.92 | &nbsp;&nbsp; 229 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; .32 | 6.96 |
| 12/31/2023 | 8.53 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .43 | 1.06 | &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.65)<br>| 8.94 | 12.69 | &nbsp;&nbsp; 223 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; .31 | 7.10 |
| 12/31/2022 | 10.19 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; (1.47)<br>| &nbsp;&nbsp; (.91)<br>| &nbsp;&nbsp; (.75)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.75)<br>| 8.53 | &nbsp;&nbsp; (9.01)<br>| &nbsp;&nbsp; 224 | &nbsp;&nbsp; .47 | &nbsp;&nbsp; .32 | 5.95 |
| 12/31/2021 | 9.80 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; (.46)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.46)<br>| 10.19 | 8.74 | &nbsp;&nbsp; 278 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; .37 | 4.95 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.15 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; .13 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.62)<br>| 9.27 | 8.19 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .58 | 6.50 |
| 12/31/2024 | 8.90 | &nbsp;&nbsp; .62 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .87 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.62)<br>| 9.15 | 9.73 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .57 | 6.71 |
| 12/31/2023 | 8.51 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; .41 | 1.02 | &nbsp;&nbsp; (.63)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.63)<br>| 8.90 | 12.40 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .56 | 6.90 |
| 12/31/2022 | 10.16 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; (1.46)<br>| &nbsp;&nbsp; (.93)<br>| &nbsp;&nbsp; (.72)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.72)<br>| 8.51 | &nbsp;&nbsp; (9.29)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; .72 | &nbsp;&nbsp; .57 | 5.70 |
| 12/31/2021 | 9.78 | &nbsp;&nbsp; .49 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .82 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.44)<br>| 10.16 | 8.42 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .64 | 4.75 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 8.96 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .13 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.61)<br>| 9.08 | 8.24 | &nbsp;&nbsp; 533 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .58 | 6.57 |
| 12/31/2024 | 8.73 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; .23 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.61)<br>| 8.96 | 9.67 | &nbsp;&nbsp; 536 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .57 | 6.70 |
| 12/31/2023 | 8.35 | &nbsp;&nbsp; .59 | &nbsp;&nbsp; .41 | 1.00 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.62)<br>| 8.73 | 12.45 | &nbsp;&nbsp; 533 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; .56 | 6.85 |
| 12/31/2022 | 9.98 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; (1.43)<br>| &nbsp;&nbsp; (.91)<br>| &nbsp;&nbsp; (.72)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.72)<br>| 8.35 | &nbsp;&nbsp; (9.26)<br>| &nbsp;&nbsp; 521 | &nbsp;&nbsp; .72 | &nbsp;&nbsp; .57 | 5.68 |
| 12/31/2021 | 9.61 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .81 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.44)<br>| 9.98 | 8.42 | &nbsp;&nbsp; 673 | &nbsp;&nbsp; .78 | &nbsp;&nbsp; .65 | 4.80 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 9.25 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .13 | &nbsp;&nbsp; .76 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.62)<br>| 9.39 | 8.26 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .51 | 6.64 |
| 12/31/2024 | 8.99 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .88 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.62)<br>| 9.25 | 9.79 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .50 | 6.77 |
| 12/31/2023 | 8.58 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; .43 | 1.04 | &nbsp;&nbsp; (.63)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.63)<br>| 8.99 | 12.54 | &nbsp;&nbsp; 8 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .49 | 6.91 |
| 12/31/2022 | 10.24 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; (1.47)<br>| &nbsp;&nbsp; (.93)<br>| &nbsp;&nbsp; (.73)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.73)<br>| 8.58 | &nbsp;&nbsp; (9.25)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .50 | 5.76 |
| 12/31/2021 | 9.84 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .84 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.44)<br>| 10.24 | 8.60 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; .71 | &nbsp;&nbsp; .58 | 4.86 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 10.07 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .14 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.59)<br>| 10.27 | 7.93 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .83 | 6.29 |
| 12/31/2024 | 9.75 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .27 | &nbsp;&nbsp; .92 | &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.60)<br>| 10.07 | 9.39 | &nbsp;&nbsp; 156 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .82 | 6.45 |
| 12/31/2023 | 9.26 | &nbsp;&nbsp; .63 | &nbsp;&nbsp; .46 | 1.09 | &nbsp;&nbsp; (.60)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.60)<br>| 9.75 | 12.18 | &nbsp;&nbsp; 107 | &nbsp;&nbsp; .95 | &nbsp;&nbsp; .81 | 6.62 |
| 12/31/2022 | 10.99 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; (1.58)<br>| &nbsp;&nbsp; (1.03)<br>| &nbsp;&nbsp; (.70)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.70)<br>| 9.26 | &nbsp;&nbsp; (9.53)<br>| &nbsp;&nbsp; 77 | &nbsp;&nbsp; .97 | &nbsp;&nbsp; .82 | 5.44 |
| 12/31/2021 | 10.54 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; .86 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 10.99 | 8.18 | &nbsp;&nbsp; 90 | 1.03 | &nbsp;&nbsp; .89 | 4.52 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **384** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** | **American Funds Mortgage Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.08 | &nbsp;&nbsp; $.46 | &nbsp;&nbsp; $.34 | &nbsp;&nbsp; $.80 | &nbsp;&nbsp; $(.42)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.42)<br>| &nbsp;&nbsp; $9.46 | 8.92<br> %<br>| &nbsp;&nbsp; $19 | &nbsp;&nbsp; .39<br> %<br>| &nbsp;&nbsp; .32<br> %<br>| 4.84<br> %<br>|
| 12/31/2024 | 9.44 | &nbsp;&nbsp; .47 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; .09 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.45)<br>| 9.08 | &nbsp;&nbsp; .93 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .31 | 5.04 |
| 12/31/2023 | 9.45 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; .37 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.38)<br>| 9.44 | 4.03 | &nbsp;&nbsp; 17 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .29 | 4.76 |
| 12/31/2022 | 10.63 | &nbsp;&nbsp; .07 | &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (1.03)<br>| &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.15)<br>| 9.45 | &nbsp;&nbsp; (9.76)<br>| &nbsp;&nbsp; 1 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; .25 | &nbsp;&nbsp; .70 |
| 12/31/2021 | 11.11 | &nbsp;&nbsp; .06 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (.45)<br>| 10.63 | &nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp; 231 | &nbsp;&nbsp; .49 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; .58 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 8.96 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .76 | &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.40)<br>| 9.32 | 8.57 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .57 | 4.59 |
| 12/31/2024 | 9.32 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; .07 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 8.96 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; 3 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .56 | 4.78 |
| 12/31/2023 | 9.34 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; .34 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.36)<br>| 9.32 | 3.72 | &nbsp;&nbsp; 2 | &nbsp;&nbsp; .65 | &nbsp;&nbsp; .53 | 4.38 |
| 12/31/2022 | 10.59 | &nbsp;&nbsp; .19 | &nbsp;&nbsp; (1.24)<br>| &nbsp;&nbsp; (1.05)<br>| &nbsp;&nbsp; (.20)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.20)<br>| 9.34 | &nbsp;&nbsp; (10.03)<br>| &nbsp;&nbsp; 2 | &nbsp;&nbsp; .69 | &nbsp;&nbsp; .54 | 1.91 |
| 12/31/2021 | 11.08 | &nbsp;&nbsp; .04 | &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (.43)<br>| 10.59 | &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; 2 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; .33 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 8.98 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; .34 | &nbsp;&nbsp; .77 | &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.40)<br>| 9.35 | 8.63 | &nbsp;&nbsp; 41 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .56 | 4.60 |
| 12/31/2024 | 9.34 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; .07 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 8.98 | &nbsp;&nbsp; .68 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .56 | 4.79 |
| 12/31/2023 | 9.36 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; (.07)<br>| &nbsp;&nbsp; .34 | &nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.36)<br>| 9.34 | 3.68 | &nbsp;&nbsp; 44 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .52 | 4.35 |
| 12/31/2022 | 10.61 | &nbsp;&nbsp; .18 | &nbsp;&nbsp; (1.23)<br>| &nbsp;&nbsp; (1.05)<br>| &nbsp;&nbsp; (.20)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.20)<br>| 9.36 | &nbsp;&nbsp; (9.94)<br>| &nbsp;&nbsp; 46 | &nbsp;&nbsp; .69 | &nbsp;&nbsp; .54 | 1.87 |
| 12/31/2021 | 11.09 | &nbsp;&nbsp; .04 | &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; (.05)<br>| &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (.42)<br>| 10.61 | &nbsp;&nbsp; (.57)<br>| &nbsp;&nbsp; 58 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; .33 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 8.86 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.38)<br>| 9.21 | 8.32 | &nbsp;&nbsp; 63 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 4.33 |
| 12/31/2024 | 9.23 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; .04 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 8.86 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .82 | 4.53 |
| 12/31/2023 | 9.25 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; .32 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.34)<br>| 9.23 | 3.51 | &nbsp;&nbsp; 45 | &nbsp;&nbsp; .90 | &nbsp;&nbsp; .78 | 4.12 |
| 12/31/2022 | 10.49 | &nbsp;&nbsp; .16 | &nbsp;&nbsp; (1.22)<br>| &nbsp;&nbsp; (1.06)<br>| &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.18)<br>| 9.25 | &nbsp;&nbsp; (10.16)<br>| &nbsp;&nbsp; 40 | &nbsp;&nbsp; .94 | &nbsp;&nbsp; .79 | 1.66 |
| 12/31/2021 | 10.97 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; (.40)<br>| 10.49 | &nbsp;&nbsp; (.78)<br>| &nbsp;&nbsp; 43 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; .08 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **385** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return** | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets** |
| **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** | **Ultra-Short Bond Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $11.31 | &nbsp;&nbsp; $.46 | &nbsp;&nbsp; $.01 | &nbsp;&nbsp; $.47 | &nbsp;&nbsp; $(.50)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.50)<br>| &nbsp;&nbsp; $11.28 | 4.15<br> %<br>| &nbsp;&nbsp; $36 | &nbsp;&nbsp; .31<br> %<br>| 4.01<br> %<br>|
| 12/31/2024 | 11.35 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; .57 | &nbsp;&nbsp; (.61)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.61)<br>| 11.31 | 5.08 | &nbsp;&nbsp; 39 | &nbsp;&nbsp; .30 | 4.98 |
| 12/31/2023 | 11.35 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; .56 | &nbsp;&nbsp; (.56)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.56)<br>| 11.35 | 4.94 | &nbsp;&nbsp; 40 | &nbsp;&nbsp; .30 | 4.81 |
| 12/31/2022 | 11.27 | &nbsp;&nbsp; .17 | &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; .16 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.08)<br>| 11.35 | 1.42 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; .32 | 1.48 |
| 12/31/2021 | 11.31 | &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 11.27 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; 37 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; (.28)<br>|
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 11.31 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.47)<br>| 11.28 | 3.92 | &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .53 | 3.78 |
| 12/31/2024 | 11.35 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .55 | &nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.59)<br>| 11.31 | 4.86 | &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .53 | 4.74 |
| 12/31/2023 | 11.35 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; — | &nbsp;&nbsp; .54 | &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.54)<br>| 11.35 | 4.79 | &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .53 | 4.69 |
| 12/31/2022 | 11.28 | &nbsp;&nbsp; .16 | &nbsp;&nbsp; (.01)<br>| &nbsp;&nbsp; .15 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.08)<br>| 11.35 | 1.32 | &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .31 | 1.40 |
| 12/31/2021 | 11.31 | &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 11.28 | &nbsp;&nbsp; (.27)<br>| &nbsp;&nbsp; — <br><sup>9</sup><br>| &nbsp;&nbsp; .36 | &nbsp;&nbsp; (.28)<br>|
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 10.93 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .42 | &nbsp;&nbsp; (.47)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.47)<br>| 10.88 | 3.83 | &nbsp;&nbsp; 215 | &nbsp;&nbsp; .56 | 3.77 |
| 12/31/2024 | 10.98 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .53 | &nbsp;&nbsp; (.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.58)<br>| 10.93 | 4.89 | &nbsp;&nbsp; 245 | &nbsp;&nbsp; .55 | 4.73 |
| 12/31/2023 | 11.00 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .51 | &nbsp;&nbsp; (.53)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.53)<br>| 10.98 | 4.64 | &nbsp;&nbsp; 273 | &nbsp;&nbsp; .55 | 4.56 |
| 12/31/2022 | 10.93 | &nbsp;&nbsp; .13 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .13 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.06)<br>| 11.00 | 1.17 | &nbsp;&nbsp; 297 | &nbsp;&nbsp; .57 | 1.23 |
| 12/31/2021 | 10.99 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 10.93 | &nbsp;&nbsp; (.55)<br>| &nbsp;&nbsp; 245 | &nbsp;&nbsp; .62 | &nbsp;&nbsp; (.53)<br>|
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 11.08 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .43 | &nbsp;&nbsp; (.48)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.48)<br>| 11.03 | 3.86 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .49 | 3.84 |
| 12/31/2024 | 11.13 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .54 | &nbsp;&nbsp; (.59)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.59)<br>| 11.08 | 4.91 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .48 | 4.79 |
| 12/31/2023 | 11.14 | &nbsp;&nbsp; .52 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; .53 | &nbsp;&nbsp; (.54)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.54)<br>| 11.13 | 4.75 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .48 | 4.64 |
| 12/31/2022 | 11.07 | &nbsp;&nbsp; .13 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .13 | &nbsp;&nbsp; (.06)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.06)<br>| 11.14 | 1.19 | &nbsp;&nbsp; 4 | &nbsp;&nbsp; .50 | 1.19 |
| 12/31/2021 | 11.12 | &nbsp;&nbsp; (.05)<br>| &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; (.05)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 11.07 | &nbsp;&nbsp; (.45)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; .55 | &nbsp;&nbsp; (.46)<br>|
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 11.00 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; — <br><sup>4</sup><br>| &nbsp;&nbsp; .39 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 10.96 | 3.59 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; .81 | 3.52 |
| 12/31/2024 | 11.05 | &nbsp;&nbsp; .50 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; (.56)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.56)<br>| 11.00 | 4.62 | &nbsp;&nbsp; 51 | &nbsp;&nbsp; .80 | 4.47 |
| 12/31/2023 | 11.05 | &nbsp;&nbsp; .48 | &nbsp;&nbsp; .01 | &nbsp;&nbsp; .49 | &nbsp;&nbsp; (.49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.49)<br>| 11.05 | 4.44 | &nbsp;&nbsp; 56 | &nbsp;&nbsp; .80 | 4.28 |
| 12/31/2022 | 11.00 | &nbsp;&nbsp; .12 | &nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp; .09 | &nbsp;&nbsp; (.04)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.04)<br>| 11.05 | &nbsp;&nbsp; .83 | &nbsp;&nbsp; 80 | &nbsp;&nbsp; .82 | 1.05 |
| 12/31/2021 | 11.08 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; .01 | &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 11.00 | &nbsp;&nbsp; (.72)<br>| &nbsp;&nbsp; 46 | &nbsp;&nbsp; .87 | &nbsp;&nbsp; (.79)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **386** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended**  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value,** <br>**end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** | **U.S. Government Securities Fund** |
| **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  | **Class 1:**  |
| 12/31/2025 | $9.59 | &nbsp;&nbsp; $.43 | &nbsp;&nbsp; $.33 | &nbsp;&nbsp; $.76 | &nbsp;&nbsp; $(.45)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(.45)<br>| &nbsp;&nbsp; $9.90 | 8.01<br> %<br>| &nbsp;&nbsp; $261 | &nbsp;&nbsp; .33<br> %<br>| &nbsp;&nbsp; .26<br> %<br>| 4.35<br> %<br>|
| 12/31/2024 | 9.91 | &nbsp;&nbsp; .45 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; .10 | &nbsp;&nbsp; (.42)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.42)<br>| 9.59 | &nbsp;&nbsp; .99 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .27 | 4.53 |
| 12/31/2023 | 9.99 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; .31 | &nbsp;&nbsp; (.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.39)<br>| 9.91 | 3.21 | &nbsp;&nbsp; 257 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .21 | 4.05 |
| 12/31/2022 | 11.67 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (1.24)<br>| &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.44)<br>| 9.99 | &nbsp;&nbsp; (10.75)<br>| &nbsp;&nbsp; 242 | &nbsp;&nbsp; .36 | &nbsp;&nbsp; .22 | 2.90 |
| 12/31/2021 | 13.04 | &nbsp;&nbsp; .18 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.08)<br>| &nbsp;&nbsp; (.18)<br>| &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; (1.29)<br>| 11.67 | &nbsp;&nbsp; (.44)<br>| &nbsp;&nbsp; 522 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; .29 | 1.50 |
| **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  | **Class 1A:**  |
| 12/31/2025 | 9.53 | &nbsp;&nbsp; .41 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 9.84 | 7.80 | &nbsp;&nbsp; 300 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .51 | 4.10 |
| 12/31/2024 | 9.87 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; .07 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.53 | &nbsp;&nbsp; .70 | &nbsp;&nbsp; 286 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .51 | 4.23 |
| 12/31/2023 | 9.96 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; .28 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.37)<br>| 9.87 | 2.88 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .46 | 3.83 |
| 12/31/2022 | 11.63 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; (1.55)<br>| &nbsp;&nbsp; (1.26)<br>| &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.96 | &nbsp;&nbsp; (10.93)<br>| &nbsp;&nbsp; 4 | &nbsp;&nbsp; .60 | &nbsp;&nbsp; .47 | 2.70 |
| 12/31/2021 | 13.00 | &nbsp;&nbsp; .16 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; (1.27)<br>| 11.63 | &nbsp;&nbsp; (.65)<br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .53 | 1.28 |
| **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  | **Class 2:**  |
| 12/31/2025 | 9.46 | &nbsp;&nbsp; .40 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .73 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 9.76 | 7.75 | &nbsp;&nbsp; 1056 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .51 | 4.10 |
| 12/31/2024 | 9.78 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; .08 | &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.40)<br>| 9.46 | &nbsp;&nbsp; .75 | &nbsp;&nbsp; 1051 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .52 | 4.28 |
| 12/31/2023 | 9.87 | &nbsp;&nbsp; .37 | &nbsp;&nbsp; (.09)<br>| &nbsp;&nbsp; .28 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.37)<br>| 9.78 | 2.89 | &nbsp;&nbsp; 1073 | &nbsp;&nbsp; .58 | &nbsp;&nbsp; .46 | 3.80 |
| 12/31/2022 | 11.53 | &nbsp;&nbsp; .29 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.25)<br>| &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.87 | &nbsp;&nbsp; (10.95)<br>| &nbsp;&nbsp; 1059 | &nbsp;&nbsp; .61 | &nbsp;&nbsp; .47 | 2.69 |
| 12/31/2021 | 12.89 | &nbsp;&nbsp; .15 | &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; (.15)<br>| &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; (1.26)<br>| 11.53 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; 1391 | &nbsp;&nbsp; .64 | &nbsp;&nbsp; .54 | 1.24 |
| **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  | **Class 3:**  |
| 12/31/2025 | 9.62 | &nbsp;&nbsp; .42 | &nbsp;&nbsp; .32 | &nbsp;&nbsp; .74 | &nbsp;&nbsp; (.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.43)<br>| 9.93 | 7.78 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .44 | 4.17 |
| 12/31/2024 | 9.94 | &nbsp;&nbsp; .43 | &nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp; .08 | &nbsp;&nbsp; (.40)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.40)<br>| 9.62 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .44 | 4.35 |
| 12/31/2023 | 10.02 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; .29 | &nbsp;&nbsp; (.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.37)<br>| 9.94 | 3.00 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; .51 | &nbsp;&nbsp; .39 | 3.85 |
| 12/31/2022 | 11.70 | &nbsp;&nbsp; .30 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.27)<br>| &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 10.02 | &nbsp;&nbsp; (10.90)<br>| &nbsp;&nbsp; 6 | &nbsp;&nbsp; .54 | &nbsp;&nbsp; .40 | 2.76 |
| 12/31/2021 | 13.07 | &nbsp;&nbsp; .16 | &nbsp;&nbsp; (.26)<br>| &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; (.16)<br>| &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; (1.27)<br>| 11.70 | &nbsp;&nbsp; (.62)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; .57 | &nbsp;&nbsp; .47 | 1.31 |
| **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  | **Class 4:**  |
| 12/31/2025 | 9.44 | &nbsp;&nbsp; .38 | &nbsp;&nbsp; .33 | &nbsp;&nbsp; .71 | &nbsp;&nbsp; (.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.41)<br>| 9.74 | 7.54 | &nbsp;&nbsp; 255 | &nbsp;&nbsp; .83 | &nbsp;&nbsp; .76 | 3.85 |
| 12/31/2024 | 9.77 | &nbsp;&nbsp; .39 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; .05 | &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.38)<br>| 9.44 | &nbsp;&nbsp; .44 | &nbsp;&nbsp; 210 | &nbsp;&nbsp; .83 | &nbsp;&nbsp; .77 | 4.02 |
| 12/31/2023 | 9.86 | &nbsp;&nbsp; .35 | &nbsp;&nbsp; (.10)<br>| &nbsp;&nbsp; .25 | &nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.34)<br>| 9.77 | 2.62 | &nbsp;&nbsp; 183 | &nbsp;&nbsp; .83 | &nbsp;&nbsp; .71 | 3.54 |
| 12/31/2022 | 11.52 | &nbsp;&nbsp; .26 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.28)<br>| &nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (.38)<br>| 9.86 | &nbsp;&nbsp; (11.19)<br>| &nbsp;&nbsp; 190 | &nbsp;&nbsp; .85 | &nbsp;&nbsp; .72 | 2.45 |
| 12/31/2021 | 12.88 | &nbsp;&nbsp; .12 | &nbsp;&nbsp; (.25)<br>| &nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; (1.23)<br>| 11.52 | &nbsp;&nbsp; (.88)<br>| &nbsp;&nbsp; 238 | &nbsp;&nbsp; .89 | &nbsp;&nbsp; .79 | &nbsp;&nbsp; .98 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **387** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset** <br>**value, end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of** <br>**year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>12</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,12</sup>  | **Net** <br>**effective** <br>**expense** <br>**ratio**<sup>2,13,14</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Year ended** | **Net asset** <br>**value,** <br>**beginning** <br>**of year** | **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| **Net asset** <br>**value, end** <br>**of year** | **Total return**<sup>2</sup>  | **Net assets,** <br>**end of** <br>**year** <br>**(in millions)** | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>12</sup>  | **Ratio of** <br>**expenses** <br>**to average** <br>**net assets** <br>**after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>2,12</sup>  | **Net** <br>**effective** <br>**expense** <br>**ratio**<sup>2,13,14</sup>  | **Ratio of** <br>**net income** <br>**(loss)** <br>**to average** <br>**net assets**<sup>2</sup>  |
| **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** | **Managed Risk Growth Fund** |
| **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  |
| 12/31/2025 | $13.35 | $.06 | $1.67 | $1.73 | $(.25)<br>| $(.57)<br>| $(.82)<br>| $14.26 | 13.63<br> %<br>| $14 | .38<br> %<br>| .36<br> %<br>| .67<br> %<br>| .47<br> %<br>|
| 12/31/2024 | 10.86 | .10 | 2.48 | 2.58 | (.09)<br>|  | (.09)<br>| 13.35 | 23.82 | 14 | .42 | .37 | .69 | .81 |
| 12/31/2023 | 11.37 | .08 | 2.28 | 2.36 | (.08)<br>| (2.79)<br>| (2.87)<br>| 10.86 | 23.77 | 13 | .42 | .37 | .70 | .77 |
| 12/31/2022 | 18.53 | .06 | (4.46)<br>| (4.40)<br>| (.22)<br>| (2.54)<br>| (2.76)<br>| 11.37 | (24.62)<br>| 9 | .41 | .36 | .68 | .47 |
| 12/31/2021 | 17.25 | .04 | 2.16 | 2.20 | (.18)<br>| (.74)<br>| (.92)<br>| 18.53 | 13.08 | 13 | .41 | .36 | .69 | .19 |
| **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  |
| 12/31/2025 | 13.19 | .03 | 1.66 | 1.69 | (.19)<br>| (.57)<br>| (.76)<br>| 14.12 | 13.41 | 491 | .63 | .62 | .93 | .21 |
| 12/31/2024 | 10.73 | .06 | 2.46 | 2.52 | (.06)<br>|  | (.06)<br>| 13.19 | 23.50 | 513 | .67 | .62 | .94 | .52 |
| 12/31/2023 | 11.28 | .05 | 2.26 | 2.31 | (.07)<br>| (2.79)<br>| (2.86)<br>| 10.73 | 23.50 | 495 | .67 | .62 | .95 | .43 |
| 12/31/2022 | 18.42 | .03 | (4.45)<br>| (4.42)<br>| (.18)<br>| (2.54)<br>| (2.72)<br>| 11.28 | (24.88)<br>| 445 | .67 | .62 | .94 | .20 |
| 12/31/2021 | 17.11 | (.01)<br>| 2.16 | 2.15 | (.10)<br>| (.74)<br>| (.84)<br>| 18.42 | 12.89 | 584 | .67 | .62 | .95 | (.07)<br>|
| **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** | **Managed Risk International Fund** |
| **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  |
| 12/31/2025 | $8.23 | $.14 | $1.10 | $1.24 | $(.13)<br>| $— | $(.13)<br>| $9.34 | 15.33<br> %<br>| $2 | .41<br> %<br>| .36<br> %<br>| .83<br> %<br>| 1.58<br> %<br>|
| 12/31/2024 | 8.36 | .13 | (.12)<br>| .01 | (.14)<br>|  | (.14)<br>| 8.23 | (.05)<br>| 2 | .46 | .37 | .84 | 1.50 |
| 12/31/2023 | 8.61 | .13 | .41 | .54 | (.15)<br>| (.64)<br>| (.79)<br>| 8.36 | 6.36 | 2 | .46 | .36 | .84 | 1.60 |
| 12/31/2022 | 10.55 | .15 | (1.75)<br>| (1.60)<br>| (.34)<br>|  | (.34)<br>| 8.61 | (15.27)<br>| 2 | .44 | .37 | .85 | 1.70 |
| 12/31/2021 | 11.07 | .24 | (.67)<br>| (.43)<br>| (.09)<br>|  | (.09)<br>| 10.55 | (3.92)<br>| 2 | .44 | .36 | .86 | 2.12 |
| **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  |
| 12/31/2025 | 8.18 | .10 | 1.12 | 1.22 | (.11)<br>|  | (.11)<br>| 9.29 | 15.09 | 111 | .68 | .63 | 1.10 | 1.23 |
| 12/31/2024 | 8.32 | .10 | (.13)<br>| (.03)<br>| (.11)<br>|  | (.11)<br>| 8.18 | (.45)<br>| 112 | .72 | .63 | 1.10 | 1.19 |
| 12/31/2023 | 8.58 | .10 | .42 | .52 | (.14)<br>| (.64)<br>| (.78)<br>| 8.32 | 6.22 | 122 | .73 | .63 | 1.11 | 1.21 |
| 12/31/2022 | 10.48 | .12 | (1.74)<br>| (1.62)<br>| (.28)<br>|  | (.28)<br>| 8.58 | (15.54)<br>| 124 | .70 | .63 | 1.11 | 1.36 |
| 12/31/2021 | 10.99 | .20 | (.65)<br>| (.45)<br>| (.06)<br>|  | (.06)<br>| 10.48 | (4.13)<br>| 160 | .71 | .63 | 1.13 | 1.79 |
| **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** | **Managed Risk Washington Mutual Investors Fund** |
| **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  |
| 12/31/2025 | $11.76 | $.20 | $1.07 | $1.27 | $(.26)<br>| $— | $(.26)<br>| $12.77 | 10.95<br> %<br>| $3 | .37<br> %<br>| .36<br> %<br>| .61<br> %<br>| 1.64<br> %<br>|
| 12/31/2024 | 10.50 | .20 | 1.28 | 1.48 | (.22)<br>|  | (.22)<br>| 11.76 | 14.20 | 3 | .41 | .36 | .61 | 1.80 |
| 12/31/2023 | 11.24 | .20 | .79 | .99 | (.24)<br>| (1.49)<br>| (1.73)<br>| 10.50 | 10.04 | 3 | .42 | .37 | .63 | 1.91 |
| 12/31/2022 | 12.95 | .23 | (1.38)<br>| (1.15)<br>| (.56)<br>|  | (.56)<br>| 11.24 | (8.92)<br>| 3 | .41 | .36 | .60 | 1.96 |
| 12/31/2021 | 11.24 | .16 | 1.79 | 1.95 | (.24)<br>|  | (.24)<br>| 12.95 | 17.46 | 2 | .41 | .36 | .66 | 1.33 |
| **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  |
| 12/31/2025 | 11.69 | .16 | 1.07 | 1.23 | (.23)<br>|  | (.23)<br>| 12.69 | 10.65 | 312 | .64 | .63 | .88 | 1.34 |
| 12/31/2024 | 10.43 | .17 | 1.28 | 1.45 | (.19)<br>|  | (.19)<br>| 11.69 | 13.99 | 319 | .68 | .63 | .88 | 1.51 |
| 12/31/2023 | 11.18 | .18 | .77 | .95 | (.21)<br>| (1.49)<br>| (1.70)<br>| 10.43 | 9.73 | 322 | .68 | .63 | .89 | 1.71 |
| 12/31/2022 | 12.88 | .19 | (1.37)<br>| (1.18)<br>| (.52)<br>|  | (.52)<br>| 11.18 | (9.16)<br>| 321 | .67 | .62 | .86 | 1.62 |
| 12/31/2021 | 11.18 | .11 | 1.79 | 1.90 | (.20)<br>|  | (.20)<br>| 12.88 | 17.11 | 371 | .68 | .62 | .92 | .91 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Insurance Series | **388** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset**<br> **value,**<br> **beginning**<br> **of year** | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | **Net asset**<br> **value, end**<br> **of year** | **Total return**<sup>2</sup> | **Net assets,**<br> **end of**<br> **year**<br> **(in millions)** | **Ratio of**<br> **expenses**<br> **to average** <br> **net assets**<br> **before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>12</sup> | **Ratio of**<br> **expenses**<br> **to average**<br> **net assets**<br> **after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>2,12</sup> | **Net**<br> **effective**<br> **expense**<br> **ratio**<sup>2,13,14</sup> | **Ratio of**<br> **net income**<br> **(loss)**<br> **to average**<br> **net assets**<sup>2</sup> |
| **Year ended** | **Net asset**<br> **value,**<br> **beginning**<br> **of year** | **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| **Net asset**<br> **value, end**<br> **of year** | **Total return**<sup>2</sup> | **Net assets,**<br> **end of**<br> **year**<br> **(in millions)** | **Ratio of**<br> **expenses**<br> **to average** <br> **net assets**<br> **before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>12</sup> | **Ratio of**<br> **expenses**<br> **to average**<br> **net assets**<br> **after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>2,12</sup> | **Net**<br> **effective**<br> **expense**<br> **ratio**<sup>2,13,14</sup> | **Ratio of**<br> **net income**<br> **(loss)**<br> **to average**<br> **net assets**<sup>2</sup> |
| **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** | **Managed Risk Growth-Income Fund** |
| **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  |
| 12/31/2025 | $14.35 | $.20 | $1.36 | $1.56 | $(.34)<br>| $(.56)<br>| $(.90)<br>| $15.01 | 11.45<br> %<br>| $1834 | .37<br> %<br>| .36<br> %<br>| .63<br> %<br>| 1.35<br> %<br>|
| 12/31/2024 | 12.53 | .21 | 2.02 | 2.23 | (.23)<br>| (.18)<br>| (.41)<br>| 14.35 | 18.03 | 1903 | .41 | .36 | .63 | 1.55 |
| 12/31/2023 | 12.51 | .20 | 1.65 | 1.85 | (.21)<br>| (1.62)<br>| (1.83)<br>| 12.53 | 16.17 | 1910 | .41 | .36 | .63 | 1.64 |
| 12/31/2022 | 15.73 | .18 | (2.79)<br>| (2.61)<br>| (.30)<br>| (.31)<br>| (.61)<br>| 12.51 | (16.74)<br>| 1833 | .41 | .36 | .62 | 1.33 |
| 12/31/2021 | 14.01 | .14 | 1.99 | 2.13 | (.21)<br>| (.20)<br>| (.41)<br>| 15.73 | 15.32 | 2328 | .41 | .36 | .64 | .96 |
| **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  |
| 12/31/2025 | 14.25 | .16 | 1.35 | 1.51 | (.30)<br>| (.56)<br>| (.86)<br>| 14.90 | 11.17 | 258 | .62 | .61 | .88 | 1.10 |
| 12/31/2024 | 12.45 | .17 | 2.01 | 2.18 | (.20)<br>| (.18)<br>| (.38)<br>| 14.25 | 17.69 | 274 | .66 | .61 | .88 | 1.29 |
| 12/31/2023 | 12.44 | .17 | 1.64 | 1.81 | (.18)<br>| (1.62)<br>| (1.80)<br>| 12.45 | 15.90 | 277 | .66 | .61 | .88 | 1.39 |
| 12/31/2022 | 15.64 | .15 | (2.78)<br>| (2.63)<br>| (.26)<br>| (.31)<br>| (.57)<br>| 12.44 | (16.93)<br>| 268 | .66 | .61 | .87 | 1.10 |
| 12/31/2021 | 13.93 | .10 | 1.98 | 2.08 | (.17)<br>| (.20)<br>| (.37)<br>| 15.64 | 15.05 | 340 | .66 | .61 | .89 | .70 |
| **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** | **Managed Risk Asset Allocation Fund** |
| **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  | **Class P1:**  |
| 12/31/2025 | $13.20 | $.26 | $1.22 | $1.48 | $(.39)<br>| $(.83)<br>| $(1.22)<br>| $13.46 | 12.01<br> %<br>| $13 | .38<br> %<br>| .36<br> %<br>| .65<br> %<br>| 1.96<br> %<br>|
| 12/31/2024 | 11.90 | .29 | 1.45 | 1.74 | (.27)<br>| (.17)<br>| (.44)<br>| 13.20 | 14.90 | 12 | .41 | .36 | .65 | 2.28 |
| 12/31/2023 | 12.43 | .31 | .87 | 1.18 | (.26)<br>| (1.45)<br>| (1.71)<br>| 11.90 | 10.51 | 10 | .41 | .36 | .66 | 2.61 |
| 12/31/2022 | 15.33 | .24 | (2.34)<br>| (2.10)<br>| (.32)<br>| (.48)<br>| (.80)<br>| 12.43 | (13.75)<br>| 7 | .41 | .36 | .65 | 1.80 |
| 12/31/2021 | 13.84 | .21 | 1.55 | 1.76 | (.27)<br>|  | (.27)<br>| 15.33 | 12.82 | 7 | .41 | .36 | .66 | 1.43 |
| **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  | **Class P2:**  |
| 12/31/2025 | 12.78 | .17 | 1.22 | 1.39 | (.34)<br>| (.83)<br>| (1.17)<br>| 13.00 | 11.67 | 1463 | .63 | .61 | .90 | 1.30 |
| 12/31/2024 | 11.53 | .22 | 1.44 | 1.66 | (.24)<br>| (.17)<br>| (.41)<br>| 12.78 | 14.63 | 2014 | .66 | .61 | .90 | 1.81 |
| 12/31/2023 | 12.09 | .21 | .90 | 1.11 | (.22)<br>| (1.45)<br>| (1.67)<br>| 11.53 | 10.23 | 2093 | .66 | .61 | .91 | 1.86 |
| 12/31/2022 | 14.93 | .18 | (2.25)<br>| (2.07)<br>| (.29)<br>| (.48)<br>| (.77)<br>| 12.09 | (13.97)<br>| 2182 | .66 | .61 | .90 | 1.40 |
| 12/31/2021 | 13.45 | .15 | 1.53 | 1.68 | (.20)<br>|  | (.20)<br>| 14.93 | 12.50 | 2812 | .66 | .61 | .91 | 1.03 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **389** | American Funds Insurance Series |

---

------

Financial highlights (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes** <br>**excluding mortgage dollar roll transactions**<sup>15,16</sup>  | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| **Portfolio turnover rate for all share classes** <br>**excluding mortgage dollar roll transactions**<sup>15,16</sup>  | **2025**<sup>17</sup> <br>| **2024** | **2023** | **2022** | **2021** |
| Capital Income Builder | &nbsp;&nbsp; 72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60<br> %<br>|
| Asset Allocation Fund | &nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| American Funds Global Balanced Fund | &nbsp;&nbsp; 57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| The Bond Fund of America | &nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87 |
| Capital World Bond Fund | &nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| American Funds Mortgage Fund | &nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| U.S. Government Securities Fund | &nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126 |
| **Portfolio turnover rate for all share classes** <br>**including mortgage dollar roll transactions, if any**<sup>15,16</sup>  | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** | **Year ended December 31,** |
| **Portfolio turnover rate for all share classes** <br>**including mortgage dollar roll transactions, if any**<sup>15,16</sup>  | **2025**<sup>17</sup> <br>| **2024** | **2023** | **2022** | **2021** |
| Global Growth Fund | &nbsp;&nbsp; 45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18<br> %<br>|
| Global Small Capitalization Fund | &nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| Growth Fund | &nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| International Fund | &nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 |
| New World Fund | &nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| Washington Mutual Investors Fund | &nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90 |
| Capital World Growth and Income Fund | &nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85 |
| Growth-Income Fund | &nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| International Growth and Income Fund | &nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| Capital Income Builder | &nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93 |
| Asset Allocation Fund | &nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124 |
| American Funds Global Balanced Fund | &nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| The Bond Fund of America | &nbsp;&nbsp; 247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456 |
| Capital World Bond Fund | &nbsp;&nbsp; 106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 |
| American High-Income Trust | &nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| American Funds Mortgage Fund | &nbsp;&nbsp; 421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975 |
| U.S. Government Securities Fund | &nbsp;&nbsp; 253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 433 |
| Ultra-Short Bond Fund | &nbsp;&nbsp; — <br><sup>18</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>18</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>18</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>18</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>18</sup><br>|
| U.S. Small and Mid Cap Equity Fund | &nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 <br><sup>678</sup><br>|  |  |  |
| Managed Risk Growth Fund | &nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| Managed Risk International Fund | &nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| Managed Risk Washington Mutual Investors Fund | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| Managed Risk Growth-Income Fund | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| Managed Risk Asset Allocation Fund | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |

---

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

<sup>2</sup> This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any.

<sup>3</sup> Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds, if applicable.

<sup>4</sup> Amount less than $.01.

<sup>5</sup> Amount less than .01%.

<sup>6</sup> Based on operations for a period that is less than a full year.

<sup>7</sup> For the period November 15, 2024, commencement of operations, through December 31, 2024.

<sup>8</sup> Not annualized.

<sup>9</sup> Amount less than $1 million.

<sup>10</sup> Annualized.

<sup>11</sup> All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services and/or insur- ance administrative services, as applicable, are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. 

<sup>12</sup> This column does not include expenses of the underlying funds in which each fund invests.

<sup>13</sup> This column reflects the net effective expense ratios for each fund and class, which include each class's expense ratio combined with the weighted average net expense ratio of the underlying funds for the periods presented. 

<sup>14</sup> Unaudited.

<sup>15</sup> Refer to Note 5 for further information on mortgage dollar rolls.

<sup>16</sup> Rates do not include the fund's portfolio activity with respect to any Central Funds, if applicable.

<sup>17</sup> Rates exclude in-kind transactions, if any.

<sup>18</sup> Amount is either less than 1% or there is no turnover.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Insurance Series | **390** |

---

------

Report of Independent Registered Public Accounting Firm

------

To the Board of Trustees of American Funds Insurance Series and Shareholders of Global Growth Fund, Global Small Capitalization Fund, Growth Fund, International Fund, New World Fund, Washington Mutual Investors Fund, U.S. Small and Mid Cap Equity Fund, Capital World Growth and Income Fund, Growth-Income Fund, International Growth and Income Fund, Capital Income Builder, Asset Allocation Fund, American Funds Global Balanced Fund, The Bond Fund of America, Capital World Bond Fund, American High-Income Trust, American Funds Mortgage Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, Managed Risk Growth Fund, Managed Risk International Fund, Managed Risk Washington Mutual Investors Fund, Managed Risk Growth-Income Fund and Managed Risk Asset Allocation Fund

**Opinions on the Financial Statements**

We have audited the accompanying statements of assets and liabilities, including the investment portfolios, of each of the funds listed in the table below (twenty-four of the funds constituting American Funds Insurance Series, hereafter collectively referred to as the "Funds") as of December 31, 2025, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of December 31, 2025, the results of each of their operations, the changes in each of their net assets, and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

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| | | | |
|:---|:---|:---|:---|
| **Fund** | **Statements of operations** | &nbsp;&nbsp; **Statements of changes in net** <br> **assets**<br>| **Financial highlights** |
| Global Growth Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Global Small Capitalization Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Growth Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| International Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| New World Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Washington Mutual Investors Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Capital World Growth and Income Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Growth-Income Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| International Growth and Income Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Capital Income Builder | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Asset Allocation Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| American Funds Global Balanced Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| The Bond Fund of America | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Capital World Bond Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| American High-Income Trust | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| American Funds Mortgage Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Ultra-Short Bond Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| U.S. Government Securities Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Managed Risk Growth Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Managed Risk International Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Managed Risk Washington Mutual Investors <br> Fund<br>| &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Managed Risk Growth-Income Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| Managed Risk Asset Allocation Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the years ended <br> December 31, 2025 and 2024 | &nbsp;&nbsp; For the years ended <br> December 31, 2025, 2024, <br> 2023, 2022 and 2021 |
| U.S. Small and Mid Cap Equity Fund | &nbsp;&nbsp; For the year ended <br> December 31, 2025 | &nbsp;&nbsp; For the year ended December 31, 2025 and the period <br> November 15, 2024 (commencement of operations) through <br> December 31, 2024 | &nbsp;&nbsp; For the year ended December 31, 2025 and the period <br> November 15, 2024 (commencement of operations) through <br> December 31, 2024 |

---

---

| | |
|:---|:---|
| **391** | American Funds Insurance Series |

---

------

Report of Independent Registered Public Accounting Firm

------

**Basis for Opinions**

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' 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 Funds 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 and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Los Angeles, California

February 13, 2026

We have served as the auditor of one or more investment companies in The Capital Group group of investment companies since 1934.

---

| | |
|:---|:---|
| American Funds Insurance Series | **392** |

---

------

Changes in and disagreements with accountants

------

On December 10, 2025, PricewaterhouseCoopers LLP ("PwC") was dismissed and Deloitte & Touche LLP ("D&T") was appointed as the independent registered public accounting firm for the funds constituting the American Funds Insurance Series (hereafter referred to as the "series") for the fiscal year ending December 31, 2026 audit. The change in the series' independent registered public accounting firm was approved by the series' board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. The dismissal does not affect PwC's previous engagement to audit the series' financial statements for the fiscal year ended December 31, 2025.

PwC's reports on the series' financial statements as of and for the fiscal years ended December 31, 2024 and December 31, 2025 did not contain an adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles. At no point during the series' fiscal years ended December 31, 2024 and December 31, 2025 and the subsequent interim period through February 13, 2026, (i) were there any disagreements between management and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused them to make reference to the subject matter of the disagreements in connection with their reports on the series' financial statements for such periods, and (ii) there were no "reportable events" of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended. The series requested that PwC furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter is filed as an exhibit to the series' Form N-CSR.

During the series' fiscal years ended December 31, 2024 and December 31, 2025 and the subsequent interim period through February 13, 2026, neither the series, nor anyone on its behalf, consulted with D&T on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the series' financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of said Item 304).

---

| | |
|:---|:---|
| **393** | American Funds Insurance Series |

---

------

Matters submitted for shareholder vote

------

**Results of special meeting of shareholders**

Held November 25, 2025

Shares outstanding (all classes) on August 28, 2025 (record date):

6,453,899,830

Total shares voting on November 25, 2025:

5,466,407,300 (84.7% of shares outstanding)

The proposal: To elect board members

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Board member** | **Votes for** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **voting for**<br>| **Votes withheld** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **withheld**<br>|
| Christopher D. Buchbinder | 5306101397 | 97.1% | 160305903 | 2.9% |
| Vanessa C. L. Chang | 5284613703 | 96.7% | 181793597 | 3.3% |
| Francisco G. Cigarroa | 5286720803 | 96.7% | 179686497 | 3.3% |
| Nariman Farvardin | 5280935681 | 96.6% | 185471619 | 3.4% |
| Jennifer C. Feikin | 5301887966 | 97.0% | 164519334 | 3.0% |
| John G. Freund | 5294548932 | 96.9% | 171858368 | 3.1% |
| Leslie Stone Heisz | 5298606338 | 96.9% | 167800962 | 3.1% |
| Sharon I. Meers | 5301554248 | 97.0% | 164853052 | 3.0% |
| William L. Robbins | 5308925891 | 97.1% | 157481409 | 2.9% |
| Kenneth M. Simril | 5304791425 | 97.0% | 161615875 | 3.0% |
| Margaret Spellings | 5296599626 | 96.9% | 169807674 | 3.1% |
| Christopher E. Stone | 5297067517 | 96.9% | 169339783 | 3.1% |
| Alexandra Trower | 5307205561 | 97.1% | 159201739 | 2.9% |
| Paul S. Williams | 5302164262 | 97.0% | 164243038 | 3.0% |

---

Remuneration paid to directors, officers and others

------

Refer to the trustees' deferred compensation disclosure in the notes to financial statements.

Approval of Investment Advisory and Service Agreement

------

Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

---

| | |
|:---|:---|
| American Funds Insurance Series | **394** |

---

------

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.

Information included in Item 7, if applicable.

------

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

Refer to information included in Item 7.

------

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

Information included in Item 7, if applicable.

------

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

Not applicable.

------

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

Not applicable.

------

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

Not applicable.

------

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

No material changes.

------

ITEM 16. CONTROLS AND PROCEDURES.

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

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

------

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

Not applicable.

------

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.

------

ITEM 19. EXHIBITS.

[(a)(1) Code of Ethics for Covered Officers is attached.](SOX_Code_of_Ethics-1.9.25.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.](JHVIT_KFeinberg_Fsilva.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.](JHVIT_906_Cert.htm)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 Variable Insurance Trust

---

| | |
|:---|:---|
| By: | /s/ Kristie M. Feinberg |
|  | Kristie M. Feinberg |
|  | President, |
|  | Principal Executive Officer |
| Date: | February 20, 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: | /s/ Kristie M. Feinberg |
|  | Kristie M. Feinberg |
|  | President, |
|  | Principal Executive Officer |
| Date: | February 20, 2026 |
| By: | /s/ Fernando A. Silva |
|  | Fernando A. Silva |
|  | Chief Financial Officer, |
|  | Principal Financial Officer |
| Date: | February 20, 2026 |

---

------

## Ex-99.Code

![Image is missing](gipzeal48wm3jj05rqhlq.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>](#div8659f2da-7ba3-4456-9217-2c4401cbff31), 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

------

## 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 Variable Insurance Trust** (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 20, 2026

/s/ Fernando A. Silva

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

Fernando A. Silva

Chief Financial Officer, Principal Financial Officer Dated: February 20, 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

<u>CERTIFICATION</u>

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

1. I have reviewed this report on Form N-CSR of **John Hancock Variable Insurance Trust**;

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

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

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

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

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

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

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

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

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

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

Date: February 20, 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 Variable Insurance Trust**;

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

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

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

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

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

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

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

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

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

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

Date: February 20, 2026

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

Chief Financial Officer, Principal Financial Officer

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