NPORT-P
    false
    
      
      
        
          0000756913
          XXXXXXXX
        
      
      
      
      
        S000008281
        C000022604
        C000022605
        C000022603
      
      
      
    
  
  
    
      John Hancock Variable Insurance Trust
      811-04146
      0000756913
      Z5DUWKEPW78QKD87GA06
      200 Berkeley Street
      Boston
      
      02116
      617-663-4497
      Managed Volatility Conservative Portfolio
      S000008281
      549300UXKYYFLVYVVJ66
      2022-12-31
      2022-03-31
      N
    
    
      811260834.940000000000
      331743.250000000000
      810929091.690000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      1224817.790000000000
      N
      
        
          
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
    
    
      
        JOHN HANCOCK MULTIFACTOR DEVEL JOHN HANCOCK MF DEV INTL ETF
        N/A
        JOHN HANCOCK MULTIFACTOR DEVEL JOHN HANCOCK MF DEV INTL ETF
        47804J859
        
          
          
        
        11766
        NS
        USD
        372511.56
        0.0459363912
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        State Street Bank and Trust Company
        571474TGEMMWANRLN572
        SSC GOVERNMENT MM GVMXX
        7839989D1
        
          
        
        3556369.74
        NS
        USD
        3556369.74
        0.4385549583
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKKEI 225  OSE 0622
        N/A
        NIKKEI 225  OSE 0622
        ADI1J76G4
        
          
          
        
        2
        NC
        
        2125.0205355676
        0.0002620476
        N/A
        DE
        CORP
        JP
        N
        
        1
        
          
            
              OSAKA SECURITIES EXCHANGE
              N/A
            
            Short
            
              
                Nikkei 225 Index
                NKY
              
            
            2022-06-09
            -55318700.000000000000
            JPY
            2125.020535567600
          
        
        
          N
          N
          N
        
      
      
        EURO STOXX 50 0622
        N/A
        EURO STOXX 50 0622
        ADI1P4872
        
          
          
        
        20
        NC
        
        5917.46270555503
        0.0007297139
        N/A
        DE
        CORP
        DE
        N
        
        1
        
          
            
              EUREX ZURICH
              N/A
            
            Short
            
              
                Euro STOXX 50 Index
                SX5E
              
            
            2022-06-17
            -765149.120000000000
            EUR
            5917.462705555030
          
        
        
          N
          N
          N
        
      
      
        EURO FX CURR FUT 0622
        N/A
        EURO FX CURR FUT 0622
        ADI1T8NJ6
        
          
        
        6
        NC
        USD
        -3008.02
        -0.0003709350
        N/A
        DFE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                EUR
                EUR
                
                  
                
              
            
            2022-06-13
            -829079.480000000000
            USD
            -3008.020000000000
          
        
        
          N
          N
          N
        
      
      
        FTSE 100 IDX FUT 0622
        N/A
        FTSE 100 IDX FUT 0622
        ADI1Z7PM2
        
          
          
        
        3
        NC
        
        790.974701735857
        0.0000975393
        N/A
        DE
        CORP
        GB
        N
        
        1
        
          
            
              ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION
              N/A
            
            Short
            
              
                FTSE 100 Index
                UKX
              
            
            2022-06-17
            -224057.120000000000
            GBP
            790.974701735857
          
        
        
          N
          N
          N
        
      
      
        MINI MSCI EMG MKT 0622
        N/A
        MINI MSCI EMG MKT 0622
        ADI1Z7Z82
        
          
          
        
        17
        NC
        USD
        3023.41
        0.0003728328
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              ICE FUTURES U.S.
              N/A
            
            Short
            
              
                MSCI Emerging Markets Index
                MXEF
              
            
            2022-06-17
            -959698.410000000000
            USD
            3023.410000000000
          
        
        
          N
          N
          N
        
      
      
        BP CURRENCY FUT 0622
        N/A
        BP CURRENCY FUT 0622
        ADI1ZCMF9
        
          
        
        3
        NC
        USD
        673.24
        0.0000830208
        N/A
        DFE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                GBP
                GBP
                
                  
                
              
            
            2022-06-13
            -246916.990000000000
            USD
            673.240000000000
          
        
        
          N
          N
          N
        
      
      
        JPN YEN CURR FUT 0622
        N/A
        JPN YEN CURR FUT 0622
        ADI23FTW1
        
          
        
        4
        NC
        USD
        -3706.23
        -0.0004570350
        N/A
        DFE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                JPY
                JPY
                
                  
                
              
            
            2022-06-13
            -407793.770000000000
            USD
            -3706.230000000000
          
        
        
          N
          N
          N
        
      
      
        Federal Agricultural Mortgage Corporation
        549300MS654K78GYF580
        FEDERAL AGRICULTURAL MORTGAGE NOTES 12/22 VAR
        31422XVD1
        
          
          
        
        500000
        PA
        USD
        499963.35
        0.0616531526
        Long
        DBT
        USGSE
        US
        N
        
        2
        
          2022-12-02
          Floating
          0.30000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FIDELITY 500 INDEX FUND FIDELITY 500 INDEX-INST PRM
        N/A
        FIDELITY 500 INDEX FUND FIDELITY 500 INDEX-INST PRM
        315911750
        
          
          
        
        42498.99
        NS
        USD
        6702515.87
        0.8265230510
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        John Hancock Variable Insurance Trust-Core Bond Trust
        5493000JHYET8HXSSN85
        JHVIT CORE BOND TRUST NAV CLASS
        41014A519
        
          
          
        
        4679975
        NS
        USD
        57236094.29
        7.0580886635
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SandP500 EMINI FUT 0622
        N/A
        SandP500 EMINI FUT 0622
        ADI1WVZM1
        
          
          
        
        30
        NC
        USD
        30237.78
        0.0037287822
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                S and P 500 Index
                SPX
              
            
            2022-06-17
            -6826362.780000000000
            USD
            30237.780000000000
          
        
        
          N
          N
          N
        
      
      
        EMIN RUSSELL 2000 0622
        N/A
        EMIN RUSSELL 2000 0622
        ADI1WZP50
        
          
          
        
        5
        NC
        USD
        2851.2
        0.0003515967
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                Russell 2000 Index
                RTY
              
            
            2022-06-17
            -519451.200000000000
            USD
            2851.200000000000
          
        
        
          N
          N
          N
        
      
      
        SandP MID 400 EMINI 0622
        N/A
        SandP MID 400 EMINI 0622
        ADI1YV6Y5
        
          
        
        4
        NC
        USD
        8064.15
        0.0009944334
        N/A
        DE
        CORP
        US
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              N/A
            
            Short
            
              
                S and P Midcap 400 Index
                MID
              
            
            2022-06-17
            -1083744.150000000000
            USD
            8064.150000000000
          
        
        
          N
          N
          N
        
      
      
        JHVIT EQUITY INCOME TRUST EWUITY INCOME TR NAV SHS
        N/A
        JHVIT EQUITY INCOME TRUST EWUITY INCOME TR NAV SHS
        41015F467
        
          
          
        
        1146350.72
        NS
        USD
        19430644.69
        2.3960966365
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JHVIT BLUE CHIP GROWTH TRUST BLUE CHIP GROWTH TR NAV SHS
        N/A
        JHVIT BLUE CHIP GROWTH TRUST BLUE CHIP GROWTH TR NAV SHS
        41015F657
        
          
          
        
        435679.53
        NS
        USD
        15771599.13
        1.9448801741
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHN HANCOCK VIT STRATEGIC EQU JHVIT STRAT EQTY ALLOC-NAV
        N/A
        JHVIT STRATEGIC EQUITY ALLO MUTUAL FUND
        41015G168
        
          
          
        
        3386108.27
        NS
        USD
        72361133.75
        8.9232381094
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        John Hancock Variable Insurance Trust-Select Bond Trust
        549300VA17RPTF33B015
        JHVIT BOND TRUST JHVIT BOND TRUST-NAV
        41015G259
        
          
          
        
        32218798.36
        NS
        USD
        421421882.59
        51.9677844720
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HANCOCK JOHN SOVEREIGN BD FD MUTUAL FUND
        N/A
        HANCOCK JOHN SOVEREIGN BD FD MUTUAL FUND
        410223804
        
          
          
        
        10976631.91
        NS
        USD
        165198310.26
        20.3714864780
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHN HANCOCK FUNDAMENTAL LARGE JH FNDMNTL LRG CAP CORE-NAV
        5493004HR263O5OQBP41
        JOHN HANCOCK FUNDAMENTAL LARGE JH FNDMNTL LRG CAP CORE-NAV
        47803N554
        
          
          
        
        243717.69
        NS
        USD
        17245463.89
        2.1266303141
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JHF Emerging Markets Equity Fu MUTUAL FUND
        N/A
        JHF Emerging Markets Equity Fu MUTUAL FUND
        47803P179
        
          
          
        
        753277.6
        NS
        USD
        7871750.94
        0.9707076760
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHN HANCOCK MULTI-FACTOR MID JOHN HANCOCK MULTI FACT MID
        N/A
        JOHN HANCOCK MULTI-FACTOR MID JOHN HANCOCK MULTI FACT MID
        47804J206
        
          
          
        
        196376
        NS
        USD
        10319558.8
        1.2725599446
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHN HANCOCK MULTIFACTOR EMERG JOHN HANCOCK MULTI EM MRK ET
        N/A
        JOHN HANCOCK MULTIFACTOR EMERG JOHN HANCOCK MULTI EM MRK ET
        47804J834
        
          
          
        
        119908
        NS
        USD
        3311858.96
        0.4084030273
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHN HANCOCK MULTIFACTOR SMALL JOHN HANCOCK MULTI SMALL CAP
        54930045UKVS8UYQH325
        JOHN HANCOCK MULTIFACTOR SMALL JOHN HANCOCK MULTI SMALL CAP
        47804J842
        
          
          
        
        230989
        NS
        USD
        7923361.58
        0.9770720598
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-29
      John Hancock Variable Insurance Trust
      /s/Salvatore Schiavone
      Salvatore Schiavone
      Treasurer
    
  
  XXXX




John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust
    Shares or
Principal
Amount
  Value
COMMON STOCKS – 97.6%      
Communication services – 9.1%          
Diversified telecommunication services – 1.0%      
AT&T, Inc.   1,460,971   $ 34,522,745
Lumen Technologies, Inc.   181,806     2,048,954
Verizon Communications, Inc.   857,652     43,688,793
          80,260,492
Entertainment – 1.4%      
Activision Blizzard, Inc.   158,073     12,663,228
Electronic Arts, Inc.   57,843     7,317,718
Live Nation Entertainment, Inc. (A)   28,794     3,387,326
Netflix, Inc. (A)   90,994     34,085,442
Take-Two Interactive Software, Inc. (A)   23,683     3,641,024
The Walt Disney Company (A)   372,594     51,104,993
          112,199,731
Interactive media and services – 5.6%      
Alphabet, Inc., Class A (A)   61,421     170,833,298
Alphabet, Inc., Class C (A)   56,729     158,443,530
Match Group, Inc. (A)   58,231     6,332,039
Meta Platforms, Inc., Class A (A)   471,561     104,856,304
Twitter, Inc. (A)   162,191     6,275,170
          446,740,341
Media – 0.9%      
Charter Communications, Inc., Class A (A)   24,363     13,290,504
Comcast Corp., Class A   923,996     43,261,493
Discovery, Inc., Series A (A)(B)   34,370     856,500
Discovery, Inc., Series C (A)   61,733     1,541,473
DISH Network Corp., Class A (A)   50,596     1,601,363
Fox Corp., Class A   65,733     2,593,167
Fox Corp., Class B   30,146     1,093,697
News Corp., Class A   79,517     1,761,302
News Corp., Class B   24,750     557,370
Omnicom Group, Inc.   43,579     3,698,986
Paramount Global, Class B   123,135     4,655,734
The Interpublic Group of Companies, Inc.   80,005     2,836,177
          77,747,766
Wireless telecommunication services – 0.2%      
T-Mobile US, Inc. (A)   119,218     15,301,630
          732,249,960
Consumer discretionary – 11.7%          
Auto components – 0.1%      
Aptiv PLC (A)   54,982     6,581,895
BorgWarner, Inc.   48,739     1,895,947
          8,477,842
Automobiles – 2.6%      
Ford Motor Company   797,556     13,486,672
General Motors Company (A)   295,071     12,906,406
Tesla, Inc. (A)   170,971     184,238,350
          210,631,428
Distributors – 0.1%      
Genuine Parts Company   29,109     3,668,316
LKQ Corp.   54,953     2,495,416
Pool Corp.   8,151     3,446,650
          9,610,382
Hotels, restaurants and leisure – 1.8%      
Booking Holdings, Inc. (A)   8,346     19,600,164
Caesars Entertainment, Inc. (A)   43,381     3,355,954
Carnival Corp. (A)   162,307     3,281,848
Chipotle Mexican Grill, Inc. (A)   5,710     9,033,391
Darden Restaurants, Inc.   26,488     3,521,580
Domino's Pizza, Inc.   7,491     3,048,912
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Hotels, restaurants and leisure (continued)      
Expedia Group, Inc. (A)   30,716   $ 6,010,200
Hilton Worldwide Holdings, Inc. (A)   56,644     8,595,161
Las Vegas Sands Corp. (A)   69,878     2,716,158
Marriott International, Inc., Class A (A)   55,601     9,771,876
McDonald's Corp.   152,712     37,762,623
MGM Resorts International   75,944     3,185,091
Norwegian Cruise Line Holdings, Ltd. (A)   86,884     1,901,022
Penn National Gaming, Inc. (A)   31,868     1,351,841
Royal Caribbean Cruises, Ltd. (A)   45,556     3,816,682
Starbucks Corp.   234,993     21,377,313
Wynn Resorts, Ltd. (A)   21,395     1,706,037
Yum! Brands, Inc.   60,092     7,122,705
          147,158,558
Household durables – 0.3%      
D.R. Horton, Inc.   66,251     4,936,362
Garmin, Ltd.   30,881     3,662,795
Lennar Corp., A Shares   53,242     4,321,653
Mohawk Industries, Inc. (A)   11,365     1,411,533
Newell Brands, Inc.   76,953     1,647,564
NVR, Inc. (A)   689     3,077,949
PulteGroup, Inc.   52,750     2,210,225
Whirlpool Corp.   11,579     2,000,620
          23,268,701
Internet and direct marketing retail – 3.8%      
Amazon.com, Inc. (A)   89,369     291,338,472
eBay, Inc.   127,529     7,302,311
Etsy, Inc. (A)   25,727     3,197,352
          301,838,135
Leisure products – 0.0%      
Hasbro, Inc.   26,306     2,154,988
Multiline retail – 0.5%      
Dollar General Corp.   46,932     10,448,471
Dollar Tree, Inc. (A)   45,406     7,271,771
Target Corp.   97,862     20,768,274
          38,488,516
Specialty retail – 1.9%      
Advance Auto Parts, Inc.   13,301     2,752,775
AutoZone, Inc. (A)   4,260     8,709,911
Bath & Body Works, Inc.   53,812     2,572,214
Best Buy Company, Inc.   43,536     3,957,422
CarMax, Inc. (A)   33,117     3,195,128
Lowe's Companies, Inc.   137,603     27,821,951
O'Reilly Automotive, Inc. (A)   13,660     9,356,554
Ross Stores, Inc.   72,587     6,566,220
The Home Depot, Inc.   213,242     63,829,728
The TJX Companies, Inc.   241,617     14,637,158
Tractor Supply Company   23,240     5,423,519
Ulta Beauty, Inc. (A)   11,130     4,432,189
          153,254,769
Textiles, apparel and luxury goods – 0.6%      
NIKE, Inc., Class B   259,778     34,955,728
PVH Corp.   14,504     1,111,151
Ralph Lauren Corp.   9,884     1,121,241
Tapestry, Inc.   56,679     2,105,625
Under Armour, Inc., Class A (A)   38,345     652,632
Under Armour, Inc., Class C (A)   42,357     659,075
VF Corp.   66,239     3,766,350
          44,371,802
          939,255,121
 
  1  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Consumer staples – 5.9%          
Beverages – 1.4%      
Brown-Forman Corp., Class B   37,138   $ 2,488,989
Constellation Brands, Inc., Class A   33,187     7,643,630
Molson Coors Beverage Company, Class B   38,292     2,044,027
Monster Beverage Corp. (A)   76,324     6,098,288
PepsiCo, Inc.   282,342     47,258,404
The Coca-Cola Company   793,835     49,217,770
          114,751,108
Food and staples retailing – 1.5%      
Costco Wholesale Corp.   90,492     52,109,818
Sysco Corp.   103,982     8,490,130
The Kroger Company   138,211     7,929,165
Walgreens Boots Alliance, Inc.   145,925     6,533,062
Walmart, Inc.   288,821     43,011,223
          118,073,398
Food products – 0.9%      
Archer-Daniels-Midland Company   113,694     10,262,020
Campbell Soup Company   41,270     1,839,404
Conagra Brands, Inc.   97,630     3,277,439
General Mills, Inc.   123,229     8,345,068
Hormel Foods Corp.   57,293     2,952,881
Kellogg Company   51,964     3,351,158
Lamb Weston Holdings, Inc.   29,496     1,767,105
McCormick & Company, Inc.   50,650     5,054,870
Mondelez International, Inc., Class A   284,114     17,836,677
The Hershey Company   29,559     6,403,366
The J.M. Smucker Company   22,021     2,981,864
The Kraft Heinz Company   144,293     5,683,701
Tyson Foods, Inc., Class A   59,923     5,370,898
          75,126,451
Household products – 1.3%      
Church & Dwight Company, Inc.   49,908     4,959,857
Colgate-Palmolive Company   171,449     13,000,978
Kimberly-Clark Corp.   68,449     8,430,179
The Clorox Company   24,962     3,470,467
The Procter & Gamble Company   489,486     74,793,461
          104,654,942
Personal products – 0.2%      
The Estee Lauder Companies, Inc., Class A   47,134     12,835,531
Tobacco – 0.6%      
Altria Group, Inc.   374,818     19,584,241
Philip Morris International, Inc.   316,782     29,758,501
          49,342,742
          474,784,172
Energy – 3.8%          
Energy equipment and services – 0.3%      
Baker Hughes Company   186,796     6,801,242
Halliburton Company   180,998     6,854,394
Schlumberger NV   284,239     11,741,913
          25,397,549
Oil, gas and consumable fuels – 3.5%      
APA Corp.   76,835     3,175,591
Chevron Corp.   394,509     64,237,900
ConocoPhillips   266,350     26,635,000
Coterra Energy, Inc.   166,639     4,494,254
Devon Energy Corp.   127,972     7,566,984
Diamondback Energy, Inc.   34,592     4,741,871
EOG Resources, Inc.   118,672     14,149,263
Exxon Mobil Corp.   864,950     71,436,221
Hess Corp.   56,019     5,996,274
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Oil, gas and consumable fuels (continued)      
Kinder Morgan, Inc.   396,186   $ 7,491,877
Marathon Oil Corp.   160,247     4,023,802
Marathon Petroleum Corp.   118,633     10,143,122
Occidental Petroleum Corp.   180,297     10,230,052
ONEOK, Inc.   90,583     6,397,877
Phillips 66   95,909     8,285,579
Pioneer Natural Resources Company   46,115     11,530,133
The Williams Companies, Inc.   246,946     8,250,466
Valero Energy Corp.   83,095     8,437,466
          277,223,732
          302,621,281
Financials – 10.8%          
Banks – 3.7%      
Bank of America Corp.   1,451,712     59,839,569
Citigroup, Inc.   403,692     21,557,153
Citizens Financial Group, Inc.   86,604     3,925,759
Comerica, Inc.   27,221     2,461,595
Fifth Third Bancorp   140,392     6,042,472
First Republic Bank   37,019     6,000,780
Huntington Bancshares, Inc.   300,118     4,387,725
JPMorgan Chase & Co.   603,439     82,260,804
KeyCorp   193,106     4,321,712
M&T Bank Corp.   26,154     4,433,103
People's United Financial, Inc.   86,983     1,738,790
Regions Financial Corp.   194,015     4,318,774
Signature Bank   13,027     3,823,294
SVB Financial Group (A)   11,924     6,670,882
The PNC Financial Services Group, Inc.   85,209     15,716,800
Truist Financial Corp.   271,312     15,383,390
U.S. Bancorp   274,229     14,575,271
Wells Fargo & Company   794,051     38,479,711
Zions Bancorp NA   29,664     1,944,772
          297,882,356
Capital markets – 2.9%      
Ameriprise Financial, Inc.   23,119     6,944,023
BlackRock, Inc.   29,079     22,221,299
Cboe Global Markets, Inc.   21,672     2,479,710
CME Group, Inc.   73,928     17,584,514
FactSet Research Systems, Inc.   7,673     3,331,233
Franklin Resources, Inc.   57,236     1,598,029
Intercontinental Exchange, Inc.   114,464     15,122,984
Invesco, Ltd.   69,397     1,600,295
MarketAxess Holdings, Inc.   7,724     2,627,705
Moody's Corp.   32,926     11,109,562
Morgan Stanley   289,534     25,305,272
MSCI, Inc.   16,757     8,426,760
Nasdaq, Inc.   23,790     4,239,378
Northern Trust Corp.   42,357     4,932,473
Raymond James Financial, Inc.   37,644     4,137,452
S&P Global, Inc.   72,553     29,759,790
State Street Corp.   74,316     6,474,410
T. Rowe Price Group, Inc.   47,680     7,208,739
The Bank of New York Mellon Corp.   150,156     7,452,242
The Charles Schwab Corp.   307,669     25,939,573
The Goldman Sachs Group, Inc.   69,142     22,823,774
          231,319,217
Consumer finance – 0.6%      
American Express Company   125,664     23,499,168
Capital One Financial Corp.   84,610     11,108,447
Discover Financial Services   58,749     6,473,552
 
  2  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Consumer finance (continued)      
Synchrony Financial   104,590   $ 3,640,778
          44,721,945
Diversified financial services – 1.6%      
Berkshire Hathaway, Inc., Class B (A)   373,920     131,960,107
Insurance – 2.0%      
Aflac, Inc.   121,822     7,844,119
American International Group, Inc.   169,174     10,619,052
Aon PLC, Class A   43,908     14,297,762
Arthur J. Gallagher & Company   42,023     7,337,216
Assurant, Inc.   11,954     2,173,596
Brown & Brown, Inc.   47,508     3,433,403
Chubb, Ltd.   87,619     18,741,704
Cincinnati Financial Corp.   30,468     4,142,429
Everest Re Group, Ltd.   8,104     2,442,384
Globe Life, Inc.   19,021     1,913,513
Lincoln National Corp.   35,905     2,346,751
Loews Corp.   41,311     2,677,779
Marsh & McLennan Companies, Inc.   102,974     17,548,829
MetLife, Inc.   144,037     10,122,920
Principal Financial Group, Inc.   50,733     3,724,310
Prudential Financial, Inc.   76,340     9,021,098
The Allstate Corp.   57,953     8,027,070
The Hartford Financial Services Group, Inc.   67,332     4,835,111
The Progressive Corp.   118,938     13,557,743
The Travelers Companies, Inc.   49,172     8,985,200
W.R. Berkley Corp.   42,759     2,847,322
Willis Towers Watson PLC   25,190     5,950,382
          162,589,693
          868,473,318
Health care – 13.3%          
Biotechnology – 1.9%      
AbbVie, Inc.   361,059     58,531,274
Amgen, Inc.   115,282     27,877,493
Biogen, Inc. (A)   30,292     6,379,495
Gilead Sciences, Inc.   254,843     15,150,416
Incyte Corp. (A)   38,153     3,030,111
Moderna, Inc. (A)   72,238     12,443,718
Regeneron Pharmaceuticals, Inc. (A)   21,809     15,231,842
Vertex Pharmaceuticals, Inc. (A)   51,576     13,459,789
          152,104,138
Health care equipment and supplies – 2.8%      
Abbott Laboratories   362,222     42,872,596
ABIOMED, Inc. (A)   9,224     3,055,358
Align Technology, Inc. (A)   14,935     6,511,660
Baxter International, Inc.   101,609     7,878,762
Becton, Dickinson and Company   58,373     15,527,218
Boston Scientific Corp. (A)   289,406     12,817,792
Dentsply Sirona, Inc.   44,422     2,186,451
DexCom, Inc. (A)   19,665     10,060,614
Edwards Lifesciences Corp. (A)   126,695     14,914,535
Hologic, Inc. (A)   51,523     3,957,997
IDEXX Laboratories, Inc. (A)   17,292     9,459,762
Intuitive Surgical, Inc. (A)   73,313     22,117,066
Medtronic PLC   275,477     30,564,173
ResMed, Inc.   29,577     7,172,718
STERIS PLC   20,277     4,902,370
Stryker Corp.   69,077     18,467,736
Teleflex, Inc.   9,513     3,375,498
The Cooper Companies, Inc.   10,010     4,180,076
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Health care equipment and supplies (continued)      
Zimmer Biomet Holdings, Inc.   42,448   $ 5,429,099
          225,451,481
Health care providers and services – 2.9%      
AmerisourceBergen Corp.   30,408     4,704,422
Anthem, Inc.   49,557     24,343,390
Cardinal Health, Inc.   58,974     3,343,826
Centene Corp. (A)   118,507     9,977,104
Cigna Corp.   65,922     15,795,570
CVS Health Corp.   268,211     27,145,635
DaVita, Inc. (A)   13,633     1,542,029
HCA Healthcare, Inc.   48,803     12,231,008
Henry Schein, Inc. (A)   28,393     2,475,586
Humana, Inc.   26,119     11,366,205
Laboratory Corp. of America Holdings (A)   18,832     4,965,245
McKesson Corp.   30,598     9,366,966
Molina Healthcare, Inc. (A)   11,851     3,953,375
Quest Diagnostics, Inc.   24,834     3,398,781
UnitedHealth Group, Inc.   192,309     98,071,821
Universal Health Services, Inc., Class B   15,422     2,235,419
          234,916,382
Health care technology – 0.1%      
Cerner Corp.   60,079     5,620,991
Life sciences tools and services – 1.8%      
Agilent Technologies, Inc.   61,676     8,161,585
Bio-Rad Laboratories, Inc., Class A (A)   4,368     2,460,189
Bio-Techne Corp.   7,905     3,423,181
Charles River Laboratories International, Inc. (A)   10,243     2,908,705
Danaher Corp.   129,916     38,108,260
Illumina, Inc. (A)   31,856     11,130,486
IQVIA Holdings, Inc. (A)   38,946     9,004,705
Mettler-Toledo International, Inc. (A)   4,699     6,452,620
PerkinElmer, Inc.   25,714     4,486,064
Thermo Fisher Scientific, Inc.   80,336     47,450,458
Waters Corp. (A)   12,472     3,871,184
West Pharmaceutical Services, Inc.   15,037     6,175,846
          143,633,283
Pharmaceuticals – 3.8%      
Bristol-Myers Squibb Company   445,228     32,515,001
Catalent, Inc. (A)   36,817     4,083,005
Eli Lilly & Company   162,193     46,447,209
Johnson & Johnson   537,783     95,311,281
Merck & Company, Inc.   514,515     42,215,956
Organon & Company   51,529     1,799,908
Pfizer, Inc.   1,147,996     59,431,753
Viatris, Inc.   245,795     2,674,250
Zoetis, Inc.   96,332     18,167,252
          302,645,615
          1,064,371,890
Industrials – 7.7%          
Aerospace and defense – 1.5%      
General Dynamics Corp.   47,159     11,373,808
Howmet Aerospace, Inc.   78,461     2,819,888
Huntington Ingalls Industries, Inc.   8,159     1,627,231
L3Harris Technologies, Inc.   40,626     10,094,342
Lockheed Martin Corp.   49,501     21,849,741
Northrop Grumman Corp.   29,993     13,413,469
Raytheon Technologies Corp.   304,129     30,130,046
Textron, Inc.   45,557     3,388,530
The Boeing Company (A)   111,990     21,446,085
 
  3  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Aerospace and defense (continued)      
TransDigm Group, Inc. (A)   10,642   $ 6,933,689
          123,076,829
Air freight and logistics – 0.6%      
CH Robinson Worldwide, Inc.   26,771     2,883,504
Expeditors International of Washington, Inc.   34,531     3,562,218
FedEx Corp.   49,993     11,567,880
United Parcel Service, Inc., Class B   149,064     31,968,265
          49,981,867
Airlines – 0.2%      
Alaska Air Group, Inc. (A)   25,454     1,476,587
American Airlines Group, Inc. (A)(B)   131,599     2,401,682
Delta Air Lines, Inc. (A)   130,066     5,146,712
Southwest Airlines Company (A)   120,255     5,507,679
United Airlines Holdings, Inc. (A)   65,776     3,049,375
          17,582,035
Building products – 0.4%      
A.O. Smith Corp.   27,073     1,729,694
Allegion PLC   18,231     2,001,399
Carrier Global Corp.   176,365     8,089,863
Fortune Brands Home & Security, Inc.   28,025     2,081,697
Johnson Controls International PLC   144,763     9,492,110
Masco Corp.   50,237     2,562,087
Trane Technologies PLC   48,295     7,374,647
          33,331,497
Commercial services and supplies – 0.4%      
Cintas Corp.   17,789     7,567,263
Copart, Inc. (A)   43,277     5,429,965
Republic Services, Inc.   42,708     5,658,810
Rollins, Inc.   46,008     1,612,580
Waste Management, Inc.   78,743     12,480,766
          32,749,384
Construction and engineering – 0.1%      
Quanta Services, Inc.   28,283     3,722,326
Electrical equipment – 0.5%      
AMETEK, Inc.   46,994     6,258,661
Eaton Corp. PLC   81,018     12,295,292
Emerson Electric Company   121,506     11,913,663
Generac Holdings, Inc. (A)   12,830     3,813,846
Rockwell Automation, Inc.   23,583     6,603,947
          40,885,409
Industrial conglomerates – 1.0%      
3M Company   116,060     17,279,013
General Electric Company   225,488     20,632,152
Honeywell International, Inc.   140,327     27,304,828
Roper Technologies, Inc.   21,428     10,118,944
          75,334,937
Machinery – 1.5%      
Caterpillar, Inc.   110,069     24,525,575
Cummins, Inc.   29,189     5,986,956
Deere & Company   57,117     23,729,829
Dover Corp.   29,261     4,591,051
Fortive Corp.   72,845     4,438,446
IDEX Corp.   15,447     2,961,653
Illinois Tool Works, Inc.   58,257     12,199,016
Ingersoll Rand, Inc.   82,354     4,146,524
Nordson Corp.   11,195     2,542,161
Otis Worldwide Corp.   86,745     6,675,028
PACCAR, Inc.   70,565     6,214,660
Parker-Hannifin Corp.   26,231     7,443,309
Pentair PLC   33,712     1,827,528
Snap-on, Inc.   10,970     2,254,116
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Machinery (continued)      
Stanley Black & Decker, Inc.   33,123   $ 4,630,264
Wabtec Corp.   38,422     3,695,044
Xylem, Inc.   36,619     3,122,136
          120,983,296
Professional services – 0.3%      
Equifax, Inc.   24,764     5,871,544
Jacobs Engineering Group, Inc.   26,487     3,650,173
Leidos Holdings, Inc.   28,774     3,108,167
Nielsen Holdings PLC   72,928     1,986,559
Robert Half International, Inc.   22,758     2,598,508
Verisk Analytics, Inc.   32,795     7,038,791
          24,253,742
Road and rail – 1.0%      
CSX Corp.   451,557     16,910,810
JB Hunt Transport Services, Inc.   17,105     3,434,513
Norfolk Southern Corp.   49,351     14,075,892
Old Dominion Freight Line, Inc.   19,067     5,694,932
Union Pacific Corp.   129,890     35,487,247
          75,603,394
Trading companies and distributors – 0.2%      
Fastenal Company   116,818     6,938,989
United Rentals, Inc. (A)   14,714     5,226,560
W.W. Grainger, Inc.   8,891     4,585,889
          16,751,438
          614,256,154
Information technology – 27.3%          
Communications equipment – 0.8%      
Arista Networks, Inc. (A)   45,532     6,328,037
Cisco Systems, Inc.   860,625     47,988,450
F5, Inc. (A)   12,259     2,561,518
Juniper Networks, Inc.   66,088     2,455,830
Motorola Solutions, Inc.   34,416     8,335,555
          67,669,390
Electronic equipment, instruments and components – 0.6%      
Amphenol Corp., Class A   121,584     9,161,354
CDW Corp.   27,947     4,999,439
Corning, Inc.   150,181     5,543,181
IPG Photonics Corp. (A)   7,285     799,602
Keysight Technologies, Inc. (A)   37,445     5,915,187
TE Connectivity, Ltd.   66,667     8,732,044
Teledyne Technologies, Inc. (A)   9,473     4,477,224
Trimble, Inc. (A)   51,143     3,689,456
Zebra Technologies Corp., Class A (A)   10,854     4,490,300
          47,807,787
IT services – 4.2%      
Accenture PLC, Class A   128,892     43,466,249
Akamai Technologies, Inc. (A)   33,096     3,951,331
Automatic Data Processing, Inc.   85,993     19,566,847
Broadridge Financial Solutions, Inc.   23,612     3,676,625
Cognizant Technology Solutions Corp., Class A   106,830     9,579,446
DXC Technology Company (A)   51,201     1,670,689
EPAM Systems, Inc. (A)   11,569     3,431,481
Fidelity National Information Services, Inc.   125,633     12,616,066
Fiserv, Inc. (A)   121,137     12,283,292
FleetCor Technologies, Inc. (A)   16,790     4,181,717
Gartner, Inc. (A)   17,002     5,057,415
Global Payments, Inc.   58,017     7,939,046
IBM Corp.   183,958     23,918,219
Jack Henry & Associates, Inc.   15,098     2,975,061
Mastercard, Inc., Class A   176,270     62,995,373
 
  4  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
IT services (continued)      
Paychex, Inc.   65,092   $ 8,883,105
PayPal Holdings, Inc. (A)   238,831     27,620,805
VeriSign, Inc. (A)   19,783     4,400,926
Visa, Inc., Class A   338,708     75,115,273
          333,328,966
Semiconductors and semiconductor equipment – 5.8%      
Advanced Micro Devices, Inc. (A)   333,227     36,435,040
Analog Devices, Inc.   107,255     17,716,381
Applied Materials, Inc.   181,342     23,900,876
Broadcom, Inc.   84,298     53,080,765
Enphase Energy, Inc. (A)   27,362     5,521,104
Intel Corp.   829,415     41,105,807
KLA Corp.   31,045     11,364,333
Lam Research Corp.   28,615     15,383,710
Microchip Technology, Inc.   114,171     8,578,809
Micron Technology, Inc.   228,815     17,822,400
Monolithic Power Systems, Inc.   8,773     4,260,871
NVIDIA Corp.   510,542     139,306,490
NXP Semiconductors NV   53,890     9,973,961
Qorvo, Inc. (A)   22,590     2,803,419
QUALCOMM, Inc.   230,132     35,168,772
Skyworks Solutions, Inc.   33,567     4,473,810
SolarEdge Technologies, Inc. (A)   10,695     3,447,747
Teradyne, Inc.   33,532     3,964,488
Texas Instruments, Inc.   188,927     34,664,326
          468,973,109
Software – 8.7%      
Adobe, Inc. (A)   96,321     43,885,774
ANSYS, Inc. (A)   17,735     5,633,523
Autodesk, Inc. (A)   44,719     9,585,518
Cadence Design Systems, Inc. (A)   56,257     9,252,026
Ceridian HCM Holding, Inc. (A)   27,414     1,874,021
Citrix Systems, Inc.   25,251     2,547,826
Fortinet, Inc. (A)   27,552     9,415,620
Intuit, Inc.   57,699     27,743,987
Microsoft Corp.   1,531,043     472,035,867
NortonLifeLock, Inc.   118,147     3,133,258
Oracle Corp.   322,066     26,644,520
Paycom Software, Inc. (A)   9,771     3,384,479
PTC, Inc. (A)   21,473     2,313,072
salesforce.com, Inc. (A)   201,252     42,729,825
ServiceNow, Inc. (A)   41,054     22,862,562
Synopsys, Inc. (A)   31,764     10,585,988
Tyler Technologies, Inc. (A)   8,302     3,693,477
          697,321,343
Technology hardware, storage and peripherals – 7.2%      
Apple, Inc.   3,166,035     552,821,371
Hewlett Packard Enterprise Company   265,437     4,435,452
HP, Inc.   221,507     8,040,704
NetApp, Inc.   45,532     3,779,156
Seagate Technology Holdings PLC   40,066     3,601,933
Western Digital Corp. (A)   62,288     3,092,599
          575,771,215
          2,190,871,810
Materials – 2.6%          
Chemicals – 1.7%      
Air Products & Chemicals, Inc.   44,994     11,244,451
Albemarle Corp.   23,771     5,256,957
Celanese Corp.   22,585     3,226,719
CF Industries Holdings, Inc.   43,720     4,505,783
Corteva, Inc.   149,227     8,577,568
Dow, Inc.   151,582     9,658,805
DuPont de Nemours, Inc.   106,314     7,822,584
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Chemicals (continued)      
Eastman Chemical Company   25,492   $ 2,856,634
Ecolab, Inc.   50,589     8,931,994
FMC Corp.   26,159     3,441,740
International Flavors & Fragrances, Inc.   52,304     6,869,084
Linde PLC   104,981     33,534,081
LyondellBasell Industries NV, Class A   53,714     5,522,873
PPG Industries, Inc.   48,244     6,323,341
The Mosaic Company   76,965     5,118,173
The Sherwin-Williams Company   49,236     12,290,290
          135,181,077
Construction materials – 0.1%      
Martin Marietta Materials, Inc.   12,678     4,879,635
Vulcan Materials Company   26,967     4,953,838
          9,833,473
Containers and packaging – 0.3%      
Amcor PLC   313,377     3,550,561
Avery Dennison Corp.   16,846     2,930,699
Ball Corp.   66,385     5,974,650
International Paper Company   79,439     3,666,110
Packaging Corp. of America   19,308     3,014,172
Sealed Air Corp.   30,466     2,040,003
Westrock Company   54,270     2,552,318
          23,728,513
Metals and mining – 0.5%      
Freeport-McMoRan, Inc.   298,392     14,842,018
Newmont Corp.   162,427     12,904,825
Nucor Corp.   55,590     8,263,454
          36,010,297
          204,753,360
Real estate – 2.7%          
Equity real estate investment trusts – 2.6%      
Alexandria Real Estate Equities, Inc.   30,474     6,132,893
American Tower Corp.   93,452     23,477,011
AvalonBay Communities, Inc.   28,378     7,048,244
Boston Properties, Inc.   28,885     3,720,388
Crown Castle International Corp.   87,846     16,216,372
Digital Realty Trust, Inc.   57,439     8,144,850
Duke Realty Corp.   76,900     4,464,814
Equinix, Inc.   18,540     13,749,635
Equity Residential   69,260     6,227,859
Essex Property Trust, Inc.   13,219     4,566,900
Extra Space Storage, Inc.   27,197     5,591,703
Federal Realty Investment Trust   14,226     1,736,568
Healthpeak Properties, Inc.   109,548     3,760,783
Host Hotels & Resorts, Inc.   145,119     2,819,662
Iron Mountain, Inc.   58,834     3,259,992
Kimco Realty Corp.   124,700     3,080,090
Mid-America Apartment Communities, Inc.   23,582     4,939,250
Prologis, Inc.   151,717     24,499,261
Public Storage   30,986     12,093,216
Realty Income Corp.   115,405     7,997,567
Regency Centers Corp.   31,075     2,216,891
SBA Communications Corp.   22,267     7,662,075
Simon Property Group, Inc.   66,792     8,787,156
UDR, Inc.   60,802     3,488,211
Ventas, Inc.   83,830     5,177,341
Vornado Realty Trust   32,316     1,464,561
Welltower, Inc.   88,867     8,543,673
 
  5  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
COMMON STOCKS (continued)      
Equity real estate investment trusts (continued)      
Weyerhaeuser Company   152,398   $ 5,775,884
          206,642,850
Real estate management and development – 0.1%      
CBRE Group, Inc., Class A (A)   68,240     6,245,325
          212,888,175
Utilities – 2.7%          
Electric utilities – 1.7%      
Alliant Energy Corp.   50,866     3,178,108
American Electric Power Company, Inc.   102,099     10,186,417
Constellation Energy Corp.   66,250     3,726,563
Duke Energy Corp.   156,372     17,460,498
Edison International   77,177     5,410,108
Entergy Corp.   40,845     4,768,654
Evergy, Inc.   46,606     3,185,054
Eversource Energy   69,847     6,159,807
Exelon Corp.   198,750     9,466,463
FirstEnergy Corp.   117,387     5,383,368
NextEra Energy, Inc.   401,387     34,001,493
NRG Energy, Inc.   49,752     1,908,487
Pinnacle West Capital Corp.   22,924     1,790,364
PPL Corp.   156,426     4,467,527
The Southern Company   218,505     15,843,798
Xcel Energy, Inc.   109,440     7,898,285
          134,834,994
Gas utilities – 0.0%      
Atmos Energy Corp.   28,557     3,412,276
Independent power and renewable electricity producers –
0.1%
     
The AES Corp.   135,441     3,484,897
Multi-utilities – 0.8%      
Ameren Corp.   52,266     4,900,460
CenterPoint Energy, Inc.   129,183     3,958,167
CMS Energy Corp.   58,874     4,117,648
Consolidated Edison, Inc.   71,827     6,800,580
Dominion Energy, Inc.   167,123     14,200,441
DTE Energy Company   39,381     5,206,562
NiSource, Inc.   79,760     2,536,368
Public Service Enterprise Group, Inc.   102,761     7,193,270
Sempra Energy   64,905     10,911,829
WEC Energy Group, Inc.   64,114     6,399,218
          66,224,543
Water utilities – 0.1%      
American Water Works Company, Inc.   36,890     6,106,402
          214,063,112
TOTAL COMMON STOCKS (Cost $2,849,359,809)   $ 7,818,588,353
500 Index Trust (continued)
    Shares or
Principal
Amount
  Value
SHORT-TERM INVESTMENTS – 2.5%      
U.S. Government – 0.3%          
U.S. Treasury Bill
0.100%, 04/28/2022 *
$ 25,000,000   $ 24,998,008
U.S. Government Agency – 2.1%          
Federal Home Loan Bank Discount Note          
0.135%, 04/01/2022 *   30,000,000     30,000,000
0.150%, 04/06/2022 *   56,380,000     56,378,670
0.150%, 04/07/2022 *   7,000,000     6,999,802
0.155%, 04/11/2022 *   50,000,000     49,997,641
0.180%, 04/05/2022 *   20,936,000     20,935,605
          164,311,718
Short-term funds – 0.0%          
John Hancock Collateral Trust, 0.3592% (C)(D)   335,090     3,350,498
Repurchase agreement – 0.1%          
Repurchase Agreement with State Street Corp. dated 3-31-22 at 0.000% to be repurchased at $9,490,000 on 4-1-22, collateralized by $9,692,700 U.S. Treasury Notes, 2.250% due 3-31-24 (valued at $9,679,828) $ 9,490,000     9,490,000
TOTAL SHORT-TERM INVESTMENTS (Cost $202,150,699)   $ 202,150,224
Total Investments (500 Index Trust)
(Cost $3,051,510,508) – 100.1%
  $ 8,020,738,577
Other assets and liabilities, net – (0.1%)     (9,990,964)
TOTAL NET ASSETS – 100.0%   $ 8,010,747,613
Security Abbreviations and Legend
(A) Non-income producing security.
(B) All or a portion of this security is on loan as of 3-31-22. The value of securities on loan amounted to $3,223,910.
(C) The rate shown is the annualized seven-day yield as of 3-31-22.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.
 
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
S&P 500 E-Mini Index Futures 891 Long Jun 2022 $190,627,291 $201,844,913 $11,217,622
            $11,217,622
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
  6  

John Hancock Variable Insurance Trust
Portfolio of InvestmentsMarch 31, 2022 (unaudited) (showing percentage of total net assets)

Active Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
33.4%
     
U.S. Government – 14.5%          
U.S. Treasury Bonds          
1.250%, 05/15/2050 $ 2,000,000   $ 1,491,719
1.625%, 11/15/2050   6,500,000     5,326,445
1.875%, 02/15/2041 to 11/15/2051   22,365,300     19,698,015
2.000%, 11/15/2041 to 08/15/2051   5,000,000     4,516,251
2.250%, 05/15/2041 to 02/15/2052   10,065,000     9,607,847
2.375%, 02/15/2042   3,973,000     3,832,083
2.500%, 02/15/2045   8,766,000     8,537,947
3.000%, 02/15/2047   3,420,000     3,679,840
U.S. Treasury Notes          
1.125%, 02/15/2031   3,000,000     2,708,789
1.375%, 11/15/2031   4,000,000     3,670,000
1.500%, 02/29/2024 to 02/15/2025   6,514,000     6,394,292
1.625%, 05/15/2031   3,000,000     2,824,453
1.875%, 02/28/2027 to 02/15/2032   7,058,000     6,791,911
2.375%, 05/15/2027   6,000,000     5,974,219
2.500%, 03/31/2027   713,000     714,560
2.875%, 08/15/2028   7,000,000     7,172,539
          92,940,910
U.S. Government Agency – 18.9%          
Federal Home Loan Mortgage Corp.          
2.000%, 11/01/2051 to 01/01/2052   1,298,679     1,208,399
2.500%, 08/01/2050 to 12/01/2051   1,238,683     1,185,900
3.000%, 03/01/2043 to 12/01/2049   5,327,746     5,294,963
3.500%, 10/01/2046 to 11/01/2048   6,777,094     6,881,705
4.000%, 01/01/2041 to 08/01/2048   660,392     682,076
4.500%, 09/01/2023 to 10/01/2041   1,234,149     1,314,981
Federal National Mortgage Association          
1.884%, (12 month LIBOR + 1.607%), 08/01/2034 (A)   198,011     203,254
2.000%, 09/01/2050 to 02/01/2052   4,941,856     4,610,530
2.372%, (6 month LIBOR + 2.122%), 07/01/2033 (A)   15,929     16,451
2.500%, TBA (B)   5,950,000     5,677,602
2.500%, 09/01/2050 to 01/01/2052   4,025,328     3,857,042
2.500%, 11/01/2051 (B)   428,099     411,243
3.000%, TBA (B)   26,250,000     25,681,903
3.000%, 01/01/2043 to 11/01/2049   6,304,153     6,259,491
3.500%, TBA (B)   25,000,000