Quarterly portfolio holdings
John Hancock
Lifestyle Blend Portfolios
Asset allocation
May 31, 2025
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Portfolios’ investments
LIFESTYLE BLEND AGGRESSIVE PORTFOLIO
As of 5-31-25 (unaudited)
  Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 63.3%  
Equity - 61.7%    
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 15,332,463 $168,963,746
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 17,027,316 208,754,893
Fixed income - 1.6%    
Bond, Class NAV, JHSB (MIM US) (B) 401,577 5,377,117
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 400,920 3,087,081
High Yield, Class NAV, JHBT (MIM US) (B) 510,167 1,545,806
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$328,446,110) 		$387,728,643
UNAFFILIATED INVESTMENT COMPANIES - 36.0%  
Equity - 35.0%    
Fidelity Mid Cap Index Fund 2,234,474 76,240,266
Fidelity Small Cap Index Fund 1,569,214 40,485,720
iShares Global Infrastructure ETF 40,880 2,411,920
iShares MSCI Global Min Vol Factor ETF 79,643 9,424,953
Vanguard Dividend Appreciation ETF 35,643 7,054,819
Vanguard Energy ETF (C) 75,687 8,644,212
Vanguard FTSE Developed Markets ETF (C) 459,760 25,553,461
Vanguard FTSE Emerging Markets ETF 203,367 9,558,249
Vanguard Global ex-U.S. Real Estate ETF 54,667 2,414,641
Vanguard Materials ETF 24,684 4,704,770
Vanguard Real Estate ETF 79,525 7,103,173
Vanguard S&P 500 ETF 38,989 21,122,681
Alternative and specialty - 1.0%    
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 470,775 5,903,519
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$188,310,825) 		$220,622,384
COMMON STOCKS - 0.0%  
Consumer staples - 0.0%    
China Huishan Dairy Holdings Company, Ltd. (D)(E) 11,471 0
ICA Gruppen AB (D)(E) 493 0
Health care - 0.0%    
NMC Health PLC (D)(E) 360 0
Real estate - 0.0%    
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 9,174 27,642
Utilities - 0.0%    
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 46,457 1,274
TOTAL COMMON STOCKS (Cost $11,582) $28,916
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.7%  
U.S. Government - 0.7%    
U.S. Treasury STRIPS, PO, 4.981%, 02/15/2054 $5,495,600 1,333,567
U.S. Treasury STRIPS, PO, 5.013%, 11/15/2052 4,239,800 1,085,018
U.S. Treasury STRIPS, PO, 5.041%, 05/15/2050 885,400 254,882
U.S. Treasury STRIPS, PO, 5.072%, 08/15/2051 5,334,200 1,431,557
LIFESTYLE BLEND AGGRESSIVE PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$4,925,753) 		$4,105,024
SHORT-TERM INVESTMENTS - 0.2%  
Short-term funds - 0.2%    
John Hancock Collateral Trust, 4.2439% (G)(H) 136,406 $1,364,411
TOTAL SHORT-TERM INVESTMENTS (Cost $1,364,376) $1,364,411
Total investments (Cost $523,058,646) - 100.2% $613,849,378
Other assets and liabilities, net - (0.2%) (1,409,473)
TOTAL NET ASSETS - 100.0% $612,439,905
LIFESTYLE BLEND GROWTH PORTFOLIO
As of 5-31-25 (unaudited)
  Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 57.6%  
Equity - 50.0%    
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 25,518,021 $281,208,589
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 30,044,941 368,350,971
Fixed income - 7.6%    
Bond, Class NAV, JHSB (MIM US) (B) 4,279,211 57,298,640
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,175,222 24,449,211
High Yield, Class NAV, JHBT (MIM US) (B) 5,605,899 16,985,874
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$643,940,576) 		$748,293,285
UNAFFILIATED INVESTMENT COMPANIES - 39.8%  
Equity - 31.8%    
Fidelity Mid Cap Index Fund 3,924,284 133,896,566
Fidelity Small Cap Index Fund 2,765,042 71,338,096
iShares Global Infrastructure ETF 69,632 4,108,288
iShares MSCI Global Min Vol Factor ETF 323,198 38,247,251
Vanguard Dividend Appreciation ETF 137,417 27,198,947
Vanguard Energy ETF 127,997 14,618,537
Vanguard FTSE Developed Markets ETF 958,154 53,254,199
Vanguard FTSE Emerging Markets ETF 301,807 14,184,929
Vanguard Global ex-U.S. Real Estate ETF 91,229 4,029,585
Vanguard Materials ETF (C) 41,790 7,965,174
Vanguard Real Estate ETF 131,720 11,765,230
Vanguard S&P 500 ETF 60,224 32,626,954
Fixed income - 7.1%    
Invesco Senior Loan ETF (C) 890,546 18,576,790
Vanguard Short-Term Corporate Bond ETF 216,020 17,085,022
Vanguard Total Bond Market ETF 772,341 56,203,255
Alternative and specialty - 0.9%    
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 967,344 12,130,494
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$445,986,465) 		$517,229,317
2 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | QUARTERLY REPORT SEE NOTES TO PORTFOLIOS’ INVESTMENTS
LIFESTYLE BLEND GROWTH PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
COMMON STOCKS - 0.0%  
Consumer staples - 0.0%    
China Huishan Dairy Holdings Company, Ltd. (D)(E) 19,400 $0
ICA Gruppen AB (D)(E) 833 0
Health care - 0.0%    
NMC Health PLC (D)(E) 609 0
Real estate - 0.0%    
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 15,517 46,751
Utilities - 0.0%    
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 78,570 2,154
TOTAL COMMON STOCKS (Cost $19,587) $48,905
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.6%  
U.S. Government - 2.6%    
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $8,087,569 7,913,338
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 7,948,415 7,920,112
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 1,110,720 1,113,940
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 7,502,060 7,686,888
U.S. Treasury STRIPS, PO, 4.981%, 02/15/2054 11,828,500 2,870,313
U.S. Treasury STRIPS, PO, 5.013%, 11/15/2052 9,590,900 2,454,432
U.S. Treasury STRIPS, PO, 5.041%, 05/15/2050 1,905,900 548,655
U.S. Treasury STRIPS, PO, 5.072%, 08/15/2051 11,983,700 3,216,104
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$35,248,846) 		$33,723,782
SHORT-TERM INVESTMENTS - 1.5%  
Short-term funds - 1.5%    
John Hancock Collateral Trust, 4.2439% (G)(H) 1,995,159 19,956,783
TOTAL SHORT-TERM INVESTMENTS (Cost $19,956,206) $19,956,783
Total investments (Cost $1,145,151,680) - 101.5% $1,319,252,072
Other assets and liabilities, net - (1.5%) (19,804,978)
TOTAL NET ASSETS - 100.0% $1,299,447,094
LIFESTYLE BLEND BALANCED PORTFOLIO
As of 5-31-25 (unaudited)
  Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 53.3%  
Equity - 37.2%    
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 19,033,195 $209,745,812
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 22,757,870 279,011,492
Fixed income - 16.1%    
Bond, Class NAV, JHSB (MIM US) (B) 9,516,408 127,424,706
LIFESTYLE BLEND BALANCED PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
Fixed income - (continued)    
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 6,476,427 $49,868,489
High Yield, Class NAV, JHBT (MIM US) (B) 11,410,878 34,574,961
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$619,944,819) 		$700,625,460
UNAFFILIATED INVESTMENT COMPANIES - 41.8%  
Equity - 25.1%    
Fidelity Mid Cap Index Fund 2,987,690 101,939,984
Fidelity Small Cap Index Fund 2,096,463 54,088,743
iShares Global Infrastructure ETF 51,866 3,060,094
iShares MSCI Global Min Vol Factor ETF 394,562 46,692,467
Vanguard Dividend Appreciation ETF 167,899 33,232,249
Vanguard Energy ETF 97,338 11,116,973
Vanguard FTSE Developed Markets ETF 692,550 38,491,929
Vanguard Global ex-U.S. Real Estate ETF 67,918 2,999,938
Vanguard Materials ETF 31,462 5,996,657
Vanguard Real Estate ETF 99,347 8,873,674
Vanguard S&P 500 ETF 43,226 23,418,118
Fixed income - 15.7%    
Invesco Senior Loan ETF (C) 1,835,380 38,286,027
Vanguard Short-Term Bond ETF 74,705 5,853,884
Vanguard Short-Term Corporate Bond ETF 470,689 37,226,793
Vanguard Total Bond Market ETF 1,725,000 125,528,249
Alternative and specialty - 1.0%    
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 1,001,078 12,553,518
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$490,695,745) 		$549,359,297
COMMON STOCKS - 0.0%  
Consumer staples - 0.0%    
China Huishan Dairy Holdings Company, Ltd. (D)(E) 14,022 0
ICA Gruppen AB (D)(E) 602 0
Health care - 0.0%    
NMC Health PLC (D)(E) 440 0
Real estate - 0.0%    
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 11,215 33,789
Utilities - 0.0%    
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 56,786 1,557
TOTAL COMMON STOCKS (Cost $14,156) $35,346
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.9%  
U.S. Government - 4.9%    
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $16,467,568 16,112,805
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 16,184,251 16,126,621
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 2,389,600 2,396,527
SEE NOTES TO PORTFOLIOS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 3
LIFESTYLE BLEND BALANCED PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
U.S. Government - (continued)    
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 15,275,296 $15,651,634
U.S. Treasury STRIPS, PO, 4.981%, 02/15/2054 18,198,400 4,416,038
U.S. Treasury STRIPS, PO, 5.013%, 11/15/2052 14,746,500 3,773,815
U.S. Treasury STRIPS, PO, 5.041%, 05/15/2050 2,932,300 844,127
U.S. Treasury STRIPS, PO, 5.072%, 08/15/2051 18,418,400 4,943,006
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$66,895,119) 		$64,264,573
SHORT-TERM INVESTMENTS - 0.7%  
Short-term funds - 0.7%    
John Hancock Collateral Trust, 4.2439% (G)(H) 912,852 9,130,899
TOTAL SHORT-TERM INVESTMENTS (Cost $9,130,494) $9,130,899
Total investments (Cost $1,186,680,333) - 100.7% $1,323,415,575
Other assets and liabilities, net - (0.7%) (8,976,269)
TOTAL NET ASSETS - 100.0% $1,314,439,306
LIFESTYLE BLEND MODERATE PORTFOLIO
As of 5-31-25 (unaudited)
  Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 47.9%  
Equity - 23.1%    
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 3,910,732 $43,096,271
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 4,776,067 58,554,582
Fixed income - 24.8%    
Bond, Class NAV, JHSB (MIM US) (B) 4,965,892 66,493,299
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,278,250 25,242,527
High Yield, Class NAV, JHBT (MIM US) (B) 5,767,523 17,475,596
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$192,791,854) 		$210,862,275
UNAFFILIATED INVESTMENT COMPANIES - 45.6%  
Equity - 19.4%    
Fidelity Mid Cap Index Fund 670,482 22,876,842
Fidelity Small Cap Index Fund 433,888 11,194,322
iShares Global Infrastructure ETF 13,231 780,629
iShares MSCI Global Min Vol Factor ETF 152,442 18,039,986
Vanguard Dividend Appreciation ETF 65,661 12,996,282
Vanguard Energy ETF 24,738 2,825,327
Vanguard FTSE Developed Markets ETF 111,346 6,188,611
Vanguard Global ex-U.S. Real Estate ETF 17,447 770,634
Vanguard Materials ETF 8,148 1,553,009
Vanguard Real Estate ETF 25,325 2,262,029
Vanguard S&P 500 ETF 10,858 5,882,430
Fixed income - 25.2%    
Invesco Senior Loan ETF (C) 929,878 19,397,255
Vanguard Short-Term Bond ETF 37,271 2,920,556
LIFESTYLE BLEND MODERATE PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
Fixed income - (continued)    
Vanguard Short-Term Corporate Bond ETF 269,335 $21,301,705
Vanguard Total Bond Market ETF 927,628 67,503,490
Alternative and specialty - 1.0%    
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 335,817 4,211,145
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$185,535,820) 		$200,704,252
COMMON STOCKS - 0.0%  
Consumer staples - 0.0%    
China Huishan Dairy Holdings Company, Ltd. (D)(E) 2,691 0
ICA Gruppen AB (D)(E) 116 0
Health care - 0.0%    
NMC Health PLC (D)(E) 84 0
Real estate - 0.0%    
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 2,149 6,474
Utilities - 0.0%    
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 10,897 299
TOTAL COMMON STOCKS (Cost $2,716) $6,773
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.5%  
U.S. Government - 6.5%    
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $8,263,344 8,085,326
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 8,120,697 8,091,780
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 1,220,717 1,224,256
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 7,664,476 7,853,306
U.S. Treasury STRIPS, PO, 4.981%, 02/15/2054 4,051,400 983,116
U.S. Treasury STRIPS, PO, 5.013%, 11/15/2052 3,270,300 836,911
U.S. Treasury STRIPS, PO, 5.041%, 05/15/2050 652,300 187,779
U.S. Treasury STRIPS, PO, 5.072%, 08/15/2051 4,084,000 1,096,036
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$28,798,305) 		$28,358,510
SHORT-TERM INVESTMENTS - 0.9%  
Short-term funds - 0.9%    
John Hancock Collateral Trust, 4.2439% (G)(H) 403,486 4,035,908
TOTAL SHORT-TERM INVESTMENTS (Cost $4,035,767) $4,035,908
Total investments (Cost $411,164,462) - 100.9% $443,967,718
Other assets and liabilities, net - (0.9%) (3,883,834)
TOTAL NET ASSETS - 100.0% $440,083,884
4 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | QUARTERLY REPORT SEE NOTES TO PORTFOLIOS’ INVESTMENTS
LIFESTYLE BLEND CONSERVATIVE PORTFOLIO
As of 5-31-25 (unaudited)
  Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 43.2%  
Equity - 9.3%    
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 1,340,264 $14,769,704
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 1,439,526 17,648,586
Fixed income - 33.9%    
Bond, Class NAV, JHSB (MIM US) (B) 5,380,330 72,042,614
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,505,855 26,995,082
High Yield, Class NAV, JHBT (MIM US) (B) 6,182,580 18,733,218
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$143,753,336) 		$150,189,204
UNAFFILIATED INVESTMENT COMPANIES - 47.1%  
Equity - 12.4%    
Fidelity Mid Cap Index Fund 258,511 8,820,406
Fidelity Small Cap Index Fund 216,624 5,588,907
iShares MSCI Global Min Vol Factor ETF 62,084 7,347,021
Vanguard Dividend Appreciation ETF 25,949 5,136,086
Vanguard FTSE Developed Markets ETF 116,217 6,459,341
Vanguard S&P 500 ETF 17,870 9,681,251
Fixed income - 34.7%    
Invesco Senior Loan ETF (C) 995,497 20,766,067
Vanguard Short-Term Bond ETF (C) 53,656 4,204,484
Vanguard Short-Term Corporate Bond ETF (C) 275,339 21,776,562
Vanguard Total Bond Market ETF 1,015,185 73,875,010
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$157,794,697) 		$163,655,135
COMMON STOCKS - 0.0%  
Consumer staples - 0.0%    
China Huishan Dairy Holdings Company, Ltd. (D)(E) 955 0
ICA Gruppen AB (D)(E) 41 0
Health care - 0.0%    
NMC Health PLC (D)(E) 30 0
Real estate - 0.0%    
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 762 2,297
Utilities - 0.0%    
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 3,867 106
TOTAL COMMON STOCKS (Cost $965) $2,403
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 9.7%  
U.S. Government - 9.7%    
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $10,999,973 10,762,999
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 10,810,574 10,772,079
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 1,647,847 1,652,625
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 10,203,277 10,454,656
LIFESTYLE BLEND CONSERVATIVE PORTFOLIO (continued)
  Shares or
Principal
Amount 		Value
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$33,326,630) 		$33,642,359
SHORT-TERM INVESTMENTS - 7.4%  
Short-term funds - 7.4%    
John Hancock Collateral Trust, 4.2439% (G)(H) 2,568,115 $25,687,825
TOTAL SHORT-TERM INVESTMENTS (Cost $25,687,665) $25,687,825
Total investments (Cost $360,563,293) - 107.4% $373,176,926
Other assets and liabilities, net - (7.4%) (25,654,954)
TOTAL NET ASSETS - 100.0% $347,521,972
Percentages are based upon net assets.
Security Abbreviations and Legend
JHBT John Hancock Bond Trust
JHF II John Hancock Funds II
JHSB John Hancock Sovereign Bond Fund
MIM US Manulife Investment Management (US) LLC
PO Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.
STRIPS Separate Trading of Registered Interest and Principal Securities
(A) The underlying funds’ subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) All or a portion of this security is on loan as of 5-31-25.
(D) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(E) Non-income producing.
(F) This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(G) The rate shown is the annualized seven-day yield as of 5-31-25.
(H) Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending.
SEE NOTES TO PORTFOLIOS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 5
Notes to Portfolios’ investments (unaudited)
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the portfolios’ valuation designee.
In order to value the securities, the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and other open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Equity securities, including exchange-traded funds or closed-end funds, held by the portfolios are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. 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.
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 May 31, 2025, by major security category or type:
  Total
value at
5-31-25 		Level 1
quoted price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
Lifestyle Blend Aggressive Portfolio        
Investments in securities:        
Assets        
Affiliated investment companies   $387,728,643   $387,728,643 — —
Unaffiliated investment companies   220,622,384   220,622,384 — —
Common stocks   28,916 — —   $28,916
U.S. Government and Agency obligations   4,105,024 —   $4,105,024 —
Short-term investments   1,364,411   1,364,411 — —
Total investments in securities   $613,849,378   $609,715,438   $4,105,024   $28,916
 
Lifestyle Blend Growth Portfolio        
Investments in securities:        
Assets        
Affiliated investment companies   $748,293,285   $748,293,285 — —
Unaffiliated investment companies   517,229,317   517,229,317 — —
Common stocks   48,905 — —   $48,905
U.S. Government and Agency obligations   33,723,782 —   $33,723,782 —
Short-term investments   19,956,783   19,956,783 — —
Total investments in securities   $1,319,252,072   $1,285,479,385   $33,723,782   $48,905
 
6  |   
  Total
value at
5-31-25 		Level 1
quoted price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
Lifestyle Blend Balanced Portfolio        
Investments in securities:        
Assets        
Affiliated investment companies   $700,625,460   $700,625,460 — —
Unaffiliated investment companies   549,359,297   549,359,297 — —
Common stocks   35,346 — —   $35,346
U.S. Government and Agency obligations   64,264,573 —   $64,264,573 —
Short-term investments   9,130,899   9,130,899 — —
Total investments in securities   $1,323,415,575   $1,259,115,656   $64,264,573   $35,346
 
Lifestyle Blend Moderate Portfolio        
Investments in securities:        
Assets        
Affiliated investment companies   $210,862,275   $210,862,275 — —
Unaffiliated investment companies   200,704,252   200,704,252 — —
Common stocks   6,773 — —   $6,773
U.S. Government and Agency obligations   28,358,510 —   $28,358,510 —
Short-term investments   4,035,908   4,035,908 — —
Total investments in securities   $443,967,718   $415,602,435   $28,358,510   $6,773
 
Lifestyle Blend Conservative Portfolio        
Investments in securities:        
Assets        
Affiliated investment companies   $150,189,204   $150,189,204 — —
Unaffiliated investment companies   163,655,135   163,655,135 — —
Common stocks   2,403 — —   $2,403
U.S. Government and Agency obligations   33,642,359 —   $33,642,359 —
Short-term investments   25,687,825   25,687,825 — —
Total investments in securities   $373,176,926   $339,532,164   $33,642,359   $2,403
Level 3 includes securities valued at $0. Refer to Portfolios’ investments.
Investment in affiliated underlying funds. Certain portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios’ investment may represent a significant portion of each affiliated underlying funds’ net assets.
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
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
Lifestyle Blend Aggressive Portfolio
Bond 401,577   $3,835,046   $11,195,535   $(9,475,679)   $(116,916)   $(60,869)   $239,956 —   $5,377,117
Emerging Markets Debt 400,920   2,926,623   2,094,495   (1,889,902)   16,792   (60,927)   144,120 —   3,087,081
High Yield 510,167   1,463,311   1,115,203   (1,012,371)   (6,819)   (13,518)   73,802 —   1,545,806
International Strategic Equity Allocation 15,332,463   153,335,041   13,465,870   (6,010,520)   194,636   7,978,719   4,283,702 —   168,963,746
John Hancock Collateral Trust 136,406   177,774   119,945,432   (118,758,743)   (86)   34   5,095 —   1,364,411
   |  7
              Dividends and distributions
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
U.S. Sector Rotation 17,027,316   $186,728,322   $24,523,257   $(6,737,293)   $1,226,068   $3,014,539   $1,827,474   $3,824,931   $208,754,893
          $1,313,675 $10,857,978 $6,574,149 $3,824,931 $389,093,054
Lifestyle Blend Growth Portfolio
Bond 4,279,211   $55,049,056   $15,399,206   $(11,517,265)   $(60,206)   $(1,572,151)   $2,053,781 —   $57,298,640
Emerging Markets Debt 3,175,222   29,256,720   2,413,733   (6,803,193)   136,798   (554,847)   1,252,599 —   24,449,211
High Yield 5,605,899   16,105,749   2,935,896   (1,816,002)   (17,634)   (222,135)   811,718 —   16,985,874
International Strategic Equity Allocation 25,518,021   264,447,658   21,403,517   (18,049,260)   764,827   12,641,847   7,280,743 —   281,208,589
John Hancock Collateral Trust 1,995,159   22,094,336   315,323,201   (317,467,554)   4,983   1,817   46,077 —   19,956,783
U.S. Sector Rotation 30,044,941   337,336,488   38,643,720   (15,214,610)   2,557,494   5,027,879   3,300,546   $6,908,092   368,350,971
          $3,386,262 $15,322,410 $14,745,464 $6,908,092 $768,250,068
Lifestyle Blend Balanced Portfolio
Bond 9,516,408   $123,921,169   $18,934,625   $(11,879,077)   $(53,673)   $(3,498,338)   $4,461,904 —   $127,424,706
Emerging Markets Debt 6,476,427   55,763,660   3,474,886   (8,572,836)   190,884   (988,105)   2,463,903 —   49,868,489
High Yield 11,410,878   36,729,540   2,619,513   (4,266,944)   (29,068)   (478,080)   1,741,192 —   34,574,961
International Strategic Equity Allocation 19,033,195   201,331,819   17,466,486   (18,968,868)   789,505   9,126,870   5,507,216 —   209,745,812
John Hancock Collateral Trust 912,852   26,033,176   230,188,645   (247,099,154)   5,915   2,317   99,797 —   9,130,899
U.S. Sector Rotation 22,757,870   253,758,056   34,488,394   (15,087,741)   2,407,098   3,445,685   2,464,307   $5,157,833   279,011,492
          $3,310,661 $7,610,349 $16,738,319 $5,157,833 $709,756,359
Lifestyle Blend Moderate Portfolio
Bond 4,965,892   $65,277,647   $8,980,891   $(5,889,345)   $(110,691)   $(1,765,203)   $2,299,588 —   $66,493,299
Emerging Markets Debt 3,278,250   25,274,186   3,158,970   (2,823,301)   53,367   (420,695)   1,169,176 —   25,242,527
High Yield 5,767,523   17,184,193   1,797,319   (1,272,965)   (8,866)   (224,085)   835,554 —   17,475,596
International Strategic Equity Allocation 3,910,732   41,086,231   4,666,469   (4,807,526)   239,902   1,911,195   1,122,618 —   43,096,271
John Hancock Collateral Trust 403,486   59,120   111,424,484   (107,451,601)   3,764   141   43,819 —   4,035,908
U.S. Sector Rotation 4,776,067   52,568,691   9,196,395   (4,658,278)   832,107   615,667   516,093   $1,080,190   58,554,582
          $1,009,583 $117,020 $5,986,848 $1,080,190 $214,898,183
Lifestyle Blend Conservative Portfolio
Bond 5,380,330   $67,905,094   $10,553,675   $(4,445,925)   $(106,390)   $(1,863,840)   $2,431,522 —   $72,042,614
Emerging Markets Debt 3,505,855   25,587,324   4,779,910   (2,997,893)   49,521   (423,780)   1,223,777 —   26,995,082
High Yield 6,182,580   17,296,653   2,885,296   (1,215,028)   (2,377)   (231,326)   872,149 —   18,733,218
8  |   
              Dividends and distributions
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
International Strategic Equity Allocation 1,340,264   $13,404,740   $2,050,860   $(1,495,035)   $82,954   $726,185   $358,508 —   $14,769,704
John Hancock Collateral Trust 2,568,115   475,664   190,639,873   (165,424,045)   (3,837)   170   53,198 —   25,687,825
U.S. Sector Rotation 1,439,526   16,665,707   4,970,920   (4,388,162)   646,243   (246,122)   164,259   $343,797   17,648,586
          $666,114 $(2,038,713) $5,103,413 $343,797 $175,877,029
For additional information on the portfolios’ significant accounting policies and risks, please refer to the portfolios’ most recent semiannual or annual shareholder report and prospectus.
   |  9