Quarterly portfolio holdings
John Hancock
Disciplined Value International Fund
International equity
July 31, 2025
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

Fund’s investments

As of 7-31-25 (unaudited)
        Shares Value
Common stocks 96.6%         $5,164,899,569
(Cost $4,536,457,454)          
Austria 0.6%         29,825,447
ANDRITZ AG   428,582 29,825,447
Bermuda 2.7%         141,691,490
Everest Group, Ltd.   133,685 44,891,423
Hiscox, Ltd.   5,685,646 96,800,067
Canada 6.6%         350,237,634
Allied Gold Corp. (A)   2,577,804 33,041,137
Cenovus Energy, Inc.   5,143,017 78,281,054
Hammond Power Solutions, Inc. (B)   165,870 14,836,842
Kinross Gold Corp.   1,162,755 18,604,416
MEG Energy Corp.   2,688,114 52,982,385
Nutrien, Ltd.   1,411,646 83,755,353
Teck Resources, Ltd., Class B   2,119,769 68,736,447
China 2.1%         114,381,489
Alibaba Group Holding, Ltd.   7,607,800 114,381,489
Denmark 2.2%         117,017,832
Danske Bank A/S   2,949,672 117,017,832
Finland 1.7%         89,823,056
Nordea Bank Abp   6,151,968 89,823,056
France 10.4%         553,868,318
BNP Paribas SA   311,812 28,430,498
Bureau Veritas SA   2,186,928 67,348,934
Capgemini SE   529,167 78,780,517
Eiffage SA   287,946 38,652,590
Eurazeo SE   442,792 25,982,963
Ipsen SA   237,861 28,027,691
Rexel SA   1,667,718 50,405,881
Sanofi SA   586,883 52,684,916
SPIE SA   1,373,624 80,839,738
Vallourec SACA   5,495,964 102,714,590
Germany 1.9%         100,814,032
Evonik Industries AG   1,081,275 21,472,053
Infineon Technologies AG   657,678 25,835,669
Siemens AG   210,073 53,506,310
Hong Kong 2.3%         125,525,460
CK Hutchison Holdings, Ltd.   5,632,500 36,661,950
Prudential PLC   7,004,723 88,863,510
India 1.5%         81,537,647
HDFC Bank, Ltd., ADR (B)   1,062,103 81,537,647
Ireland 1.1%         56,832,076
AIB Group PLC   7,204,276 56,832,076
Italy 3.9%         210,735,835
Enel SpA (B)   10,959,686 96,645,752
Iveco Group NV   1,727,921 35,715,873
Saipem SpA (B)   29,320,335 78,374,210
Japan 15.8%         844,536,604
Asahi Group Holdings, Ltd.   4,793,500 60,810,719
Fuji Electric Company, Ltd.   1,433,600 71,275,988
2 JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

        Shares Value
Japan (continued)          
Hitachi, Ltd.   1,606,700 $49,166,054
IHI Corp.   375,100 41,769,907
Japan Post Insurance Company, Ltd.   344,700 8,825,907
Kyocera Corp.   4,688,500 55,344,773
Mitsubishi Chemical Group Corp.   7,613,100 41,466,819
Mitsubishi Electric Corp.   3,216,000 72,335,032
Mitsubishi UFJ Financial Group, Inc.   846,600 11,668,492
Sony Group Corp.   2,653,500 63,825,431
Sugi Holdings Company, Ltd.   2,304,000 55,759,374
Sumitomo Mitsui Financial Group, Inc.   2,701,500 68,149,670
Suzuken Company, Ltd.   1,152,600 43,565,025
Suzuki Motor Corp.   4,968,400 54,590,656
THK Company, Ltd.   453,800 12,755,850
Tokyo Electron, Ltd.   495,300 78,742,141
Toyo Suisan Kaisha, Ltd.   419,100 26,775,712
Toyo Tire Corp.   1,308,200 27,709,054
Luxembourg 0.7%         40,017,505
Millicom International Cellular SA   996,700 40,017,505
Mexico 2.1%         109,924,294
America Movil SAB de CV, ADR   2,200,965 39,771,438
Coca-Cola Femsa SAB de CV, ADR (B)   844,808 70,152,856
Netherlands 4.9%         260,896,143
Euronext NV (C)   464,429 74,860,881
Heineken NV   1,607,037 126,139,141
Prosus NV (A)   1,048,495 59,896,121
Norway 0.8%         41,540,600
Norsk Hydro ASA   7,008,717 41,540,600
South Korea 9.0%         483,251,517
HD Korea Shipbuilding & Offshore Engineering Company, Ltd.   167,852 43,134,973
KB Financial Group, Inc.   541,839 43,048,111
KT Corp.   1,155,092 45,833,907
KT Corp., ADR   2,443,352 49,331,277
NAVER Corp.   640,368 107,770,804
Samsung Electronics Company, Ltd.   2,285,220 116,463,811
Samsung Fire & Marine Insurance Company, Ltd.   166,562 52,581,847
SK, Inc.   172,855 25,086,787
Spain 3.6%         193,894,216
Banco Bilbao Vizcaya Argentaria SA   6,239,696 104,067,371
Banco Santander SA   10,456,177 89,826,845
Switzerland 3.6%         192,761,751
Novartis AG   640,447 72,938,616
Sandoz Group AG   2,095,217 119,823,135
United Kingdom 18.3%         980,795,561
AstraZeneca PLC   641,300 93,560,676
Babcock International Group PLC   6,299,561 86,369,386
BAE Systems PLC   6,246,743 149,051,731
Beazley PLC   4,196,959 49,451,800
Endeavour Mining PLC   1,376,804 41,335,917
Hikma Pharmaceuticals PLC   2,430,364 62,818,469
HSBC Holdings PLC   184,506 2,247,840
IMI PLC   1,975,439 57,712,539
Informa PLC   3,828,564 43,779,950
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT 3

        Shares Value
United Kingdom (continued)          
NatWest Group PLC   6,482,641 $44,999,923
Nomad Foods, Ltd.   3,719,833 62,641,988
Shell PLC   3,543,193 127,318,423
The Weir Group PLC   4,540,343 159,506,919
United States 0.8%         44,991,062
CRH PLC   474,731 44,991,062
    
    Yield (%)   Shares Value
Short-term investments 6.3%       $335,262,617
(Cost $335,259,865)          
Short-term funds 6.3%         335,262,617
Fidelity Government Portfolio, Institutional Class 4.2343(D)   130,656,592 130,656,592
John Hancock Collateral Trust (E) 4.2650(D)   20,456,716 204,606,025
    
Total investments (Cost $4,871,717,319) 102.9%     $5,500,162,186
Other assets and liabilities, net (2.9%)     (154,605,605)
Total net assets 100.0%         $5,345,556,581
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
Security Abbreviations and Legend
ADR American Depositary Receipt
(A) Non-income producing security.
(B) All or a portion of this security is on loan as of 7-31-25. The value of securities on loan amounted to $196,724,068.
(C) 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.
(D) The rate shown is the annualized seven-day yield as of 7-31-25.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
The fund had the following sector composition as a percentage of net assets on 7-31-25:
Financials 22.1%
Industrials 22.0%
Health care 8.9%
Energy 8.2%
Consumer staples 7.5%
Materials 7.4%
Information technology 6.6%
Communication services 6.1%
Consumer discretionary 6.0%
Utilities 1.8%
Short-term investments and other 3.4%
TOTAL 100.0%
4 JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

Notes to Fund’s 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 fund’s valuation designee.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. 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 fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund’s investments as of July 31, 2025, by major security category or type:
  Total
value at
7-31-25
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
         
Investments in securities:        
Assets        
Common stocks        
Austria $29,825,447 $29,825,447
Bermuda 141,691,490 $44,891,423 96,800,067
Canada 350,237,634 350,237,634
China 114,381,489 114,381,489
Denmark 117,017,832 117,017,832
Finland 89,823,056 89,823,056
France 553,868,318 553,868,318
Germany 100,814,032 100,814,032
Hong Kong 125,525,460 125,525,460
India 81,537,647 81,537,647
Ireland 56,832,076 56,832,076
Italy 210,735,835 210,735,835
Japan 844,536,604 844,536,604
Luxembourg 40,017,505 40,017,505
Mexico 109,924,294 109,924,294
Netherlands 260,896,143 260,896,143
Norway 41,540,600 41,540,600
South Korea 483,251,517 49,331,277 433,920,240
Spain 193,894,216 193,894,216
Switzerland 192,761,751 192,761,751
United Kingdom 980,795,561 103,977,905 876,817,656
United States 44,991,062 44,991,062
  |5

  Total
value at
7-31-25
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
 (continued)        
Short-term investments $335,262,617 $335,262,617
Total investments in securities $5,500,162,186 $1,115,180,302 $4,384,981,884
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, 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
John Hancock Collateral Trust 20,456,716 $778,240,948 $(573,616,538) $(21,137) $2,752 $562,731 $204,606,025
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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