Quarterly portfolio holdings
John Hancock
Active Fixed Income ETFs
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.
Funds’ investments
CORE BOND ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 56.3%     $8,109,569
(Cost $8,095,032)          
U.S. Government 17.5%       2,521,222
U.S. Treasury          
Bond 1.625 11-15-50   464,000 240,936
Bond 2.000 02-15-50   71,000 41,149
Bond 4.625 11-15-44   139,000 134,461
Bond 4.625 02-15-55   336,000 321,878
Bond 4.750 02-15-45   166,000 163,173
Note 3.875 06-30-30   525,000 523,113
Note 3.875 07-31-30   66,000 65,807
Note 4.000 06-30-32   618,000 612,983
Note 4.250 11-30-26   314,000 314,601
Note 4.250 01-15-28   62,000 62,480
Note 4.250 05-15-35   41,000 40,641
U.S. Government Agency 38.8%       5,588,347
Federal Home Loan Mortgage Corp.          
15 Yr Pass Thru 2.000 11-01-35   67,486 61,652
30 Yr Pass Thru 3.000 02-01-50   57,910 50,531
30 Yr Pass Thru 3.000 09-01-51   84,690 73,475
30 Yr Pass Thru 3.000 05-01-52   81,478 70,917
30 Yr Pass Thru 3.000 06-01-52   57,542 49,994
30 Yr Pass Thru 3.500 01-01-50   81,777 74,100
30 Yr Pass Thru 3.500 01-01-52   80,655 72,681
30 Yr Pass Thru 4.000 06-01-52   64,245 59,555
30 Yr Pass Thru 4.000 06-01-52   65,649 60,840
30 Yr Pass Thru 4.000 07-01-52   65,877 61,376
30 Yr Pass Thru 4.000 07-01-52   67,052 62,074
30 Yr Pass Thru 4.000 11-01-52   69,856 64,909
30 Yr Pass Thru 4.000 12-01-52   65,855 61,335
30 Yr Pass Thru 4.000 01-01-54   66,338 61,246
30 Yr Pass Thru 4.500 07-01-52   61,104 59,141
30 Yr Pass Thru 4.500 02-01-53   127,532 122,199
30 Yr Pass Thru 4.500 02-01-53   63,453 60,542
30 Yr Pass Thru 4.500 03-01-53   63,991 61,215
30 Yr Pass Thru 4.500 02-01-54   65,182 62,268
30 Yr Pass Thru 4.500 02-01-54   12,599 12,041
30 Yr Pass Thru 5.000 08-01-52   62,811 61,541
30 Yr Pass Thru 5.000 03-01-53   70,535 69,329
30 Yr Pass Thru 5.000 04-01-53   68,849 67,802
30 Yr Pass Thru 5.000 04-01-53   72,614 71,305
30 Yr Pass Thru 5.000 08-01-53   70,915 69,392
30 Yr Pass Thru 5.000 10-01-54   69,527 68,268
30 Yr Pass Thru 5.000 11-01-54   72,675 71,081
30 Yr Pass Thru 5.000 12-01-54   15,297 15,006
30 Yr Pass Thru 5.500 11-01-52   58,832 59,075
30 Yr Pass Thru 5.500 01-01-55   29,145 29,217
30 Yr Pass Thru 5.500 02-01-55   17,579 17,635
Federal National Mortgage Association          
15 Yr Pass Thru 1.500 12-01-35   61,539 54,780
15 Yr Pass Thru 1.500 11-01-36   61,845 54,802
15 Yr Pass Thru 2.000 07-01-36   68,363 62,432
15 Yr Pass Thru 2.500 08-01-35   65,492 61,269
15 Yr Pass Thru 2.500 03-01-36   65,844 61,355
30 Yr Pass Thru 2.000 06-01-50   87,717 69,324
30 Yr Pass Thru 2.000 07-01-50   87,939 69,500
2 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 2.000 03-01-52   77,290 $61,253
30 Yr Pass Thru 2.500 01-01-50   95,398 79,270
30 Yr Pass Thru 2.500 09-01-50   96,804 79,410
30 Yr Pass Thru 2.500 01-01-52   95,340 78,805
30 Yr Pass Thru 2.500 01-01-52   66,626 55,320
30 Yr Pass Thru 2.500 04-01-52   66,401 55,258
30 Yr Pass Thru 2.500 04-01-52   84,445 70,037
30 Yr Pass Thru 3.000 01-01-50   84,542 73,346
30 Yr Pass Thru 3.000 03-01-50   83,445 72,395
30 Yr Pass Thru 3.000 11-01-51   81,960 71,029
30 Yr Pass Thru 3.000 12-01-51   15,834 13,722
30 Yr Pass Thru 3.000 03-01-52   58,442 50,575
30 Yr Pass Thru 3.000 03-01-52   58,182 50,641
30 Yr Pass Thru 3.000 05-01-52   84,893 72,828
30 Yr Pass Thru 3.500 06-01-49   56,711 51,601
30 Yr Pass Thru 3.500 07-01-49   56,897 51,681
30 Yr Pass Thru 3.500 08-01-49   57,069 51,659
30 Yr Pass Thru 3.500 04-01-50   57,605 52,234
30 Yr Pass Thru 3.500 07-01-51   81,736 73,936
30 Yr Pass Thru 3.500 01-01-52   82,771 74,096
30 Yr Pass Thru 3.500 04-01-52   80,603 72,533
30 Yr Pass Thru 3.500 06-01-52   84,010 75,258
30 Yr Pass Thru 4.000 05-01-49   65,254 60,857
30 Yr Pass Thru 4.000 05-01-52   65,525 60,721
30 Yr Pass Thru 4.000 06-01-52   135,637 126,074
30 Yr Pass Thru 4.000 06-01-52   69,265 64,425
30 Yr Pass Thru 4.000 01-01-53   68,750 64,332
30 Yr Pass Thru 4.500 07-01-52   66,243 63,452
30 Yr Pass Thru 4.500 07-01-52   67,368 64,340
30 Yr Pass Thru 4.500 08-01-52   62,179 59,851
30 Yr Pass Thru 4.500 08-01-52   66,611 63,576
30 Yr Pass Thru 4.500 09-01-52   63,271 60,526
30 Yr Pass Thru 4.500 10-01-52   66,797 64,004
30 Yr Pass Thru 4.500 11-01-52   62,300 59,695
30 Yr Pass Thru 4.500 06-01-53   66,793 63,896
30 Yr Pass Thru 4.500 01-01-54   66,266 63,454
30 Yr Pass Thru 4.500 04-01-54   68,022 64,954
30 Yr Pass Thru 5.000 08-01-52   69,144 68,157
30 Yr Pass Thru 5.000 09-01-52   12,656 12,424
30 Yr Pass Thru 5.000 09-01-52   14,589 14,348
30 Yr Pass Thru 5.000 09-01-52   63,848 62,468
30 Yr Pass Thru 5.000 06-01-53   69,729 68,177
30 Yr Pass Thru 5.000 07-01-53   61,346 60,260
30 Yr Pass Thru 5.000 09-01-53   68,487 67,338
30 Yr Pass Thru 5.000 11-01-53   20,040 19,546
30 Yr Pass Thru 5.000 10-01-54   63,774 62,440
30 Yr Pass Thru 5.000 11-01-54   23,442 22,876
30 Yr Pass Thru 5.000 11-01-54   79,050 77,587
30 Yr Pass Thru 5.500 07-01-53   74,650 75,191
30 Yr Pass Thru 5.500 09-01-53   76,927 77,172
30 Yr Pass Thru 5.500 09-01-53   76,250 76,397
30 Yr Pass Thru 5.500 10-01-53   21,407 21,475
30 Yr Pass Thru 5.500 10-01-54   60,041 60,232
30 Yr Pass Thru 5.500 11-01-54   29,056 29,230
30 Yr Pass Thru 5.500 06-01-55   26,764 26,781
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 3
  Rate (%) Maturity date   Par value^ Value
Corporate bonds 29.2%     $4,203,343
(Cost $4,152,897)          
Communication services 1.4%     208,055
Diversified telecommunication services 0.0%      
AT&T, Inc. 4.500 05-15-35   6,000 5,693
Media 0.6%      
Charter Communications Operating LLC 6.384 10-23-35   70,000 72,366
News Corp. (A) 3.875 05-15-29   9,000 8,608
News Corp. (A) 5.125 02-15-32   12,000 11,696
Wireless telecommunication services 0.8%      
T-Mobile USA, Inc. 3.875 04-15-30   40,000 38,769
T-Mobile USA, Inc. 5.200 01-15-33   70,000 70,923
Consumer discretionary 0.5%     71,428
Automobiles 0.5%      
General Motors Financial Company, Inc. 5.600 06-18-31   70,000 71,428
Consumer staples 0.7%     99,743
Food products 0.6%      
JBS USA LUX Sarl (A) 5.950 04-20-35   2,000 2,064
Mars, Inc. (A) 5.000 03-01-32   6,000 6,055
Pilgrim’s Pride Corp. 6.250 07-01-33   68,000 71,473
Personal care products 0.1%      
Kenvue, Inc. 4.850 05-22-32   20,000 20,151
Energy 4.1%     588,349
Oil, gas and consumable fuels 4.1%      
Cheniere Energy Partners LP (A) 5.550 10-30-35   7,000 7,035
Cheniere Energy Partners LP 5.950 06-30-33   68,000 70,980
Columbia Pipelines Operating Company LLC (A) 6.036 11-15-33   38,000 39,944
Continental Resources, Inc. 4.900 06-01-44   88,000 69,042
DT Midstream, Inc. (A) 4.375 06-15-31   46,000 43,783
DT Midstream, Inc. (A) 5.800 12-15-34   15,000 15,258
Energy Transfer LP 5.400 10-01-47   41,000 36,490
Energy Transfer LP 5.600 09-01-34   39,000 39,440
Gulfstream Natural Gas System LLC (A) 5.600 07-23-35   6,000 6,034
Occidental Petroleum Corp. 5.375 01-01-32   39,000 38,671
Occidental Petroleum Corp. 6.050 10-01-54   39,000 35,655
ONEOK, Inc. 6.625 09-01-53   30,000 31,027
Ovintiv, Inc. 7.200 11-01-31   30,000 32,627
Sabine Pass Liquefaction LLC 4.500 05-15-30   40,000 39,803
Targa Resources Corp. 6.150 03-01-29   38,000 39,781
Viper Energy Partners LLC 4.900 08-01-30   4,000 3,983
Whistler Pipeline LLC (A) 5.700 09-30-31   38,000 38,796
Financials 10.9%     1,564,006
Banks 6.6%      
Bank of America Corp. (2.687% to 4-22-31, then Overnight SOFR + 1.320%) 2.687 04-22-32   163,000 146,160
Bank of America Corp. (5.425% to 8-15-34, then Overnight SOFR + 1.913%) 5.425 08-15-35   79,000 79,142
Bank of America Corp. (5.518% to 10-25-34, then Overnight SOFR + 1.738%) 5.518 10-25-35   4,000 4,004
Bank of America Corp. (6.625% to 5-1-30, then 5 Year CMT + 2.684%) (B) 6.625 05-01-30   22,000 22,529
Citizens Financial Group, Inc. (5.253% to 3-5-30, then Overnight SOFR + 1.259%) 5.253 03-05-31   7,000 7,090
Citizens Financial Group, Inc. (5.718% to 7-23-31, then Overnight SOFR + 1.910%) 5.718 07-23-32   70,000 72,221
Comerica, Inc. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) 5.982 01-30-30   39,000 40,102
First Citizens BancShares, Inc. (5.231% to 3-12-30, then Overnight SOFR + 1.410%) 5.231 03-12-31   17,000 17,091
First Horizon Corp. (5.514% to 3-7-30, then Overnight SOFR + 1.766%) 5.514 03-07-31   6,000 6,104
Huntington Bancshares, Inc. (6.141% to 11-18-34, then 5 Year CMT + 1.700%) 6.141 11-18-39   38,000 38,845
JPMorgan Chase & Co. (5.576% to 7-23-35, then Overnight SOFR + 1.635%) 5.576 07-23-36   35,000 35,453
4 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)      
Banks (continued)      
JPMorgan Chase & Co. (5.581% to 4-22-29, then Overnight SOFR + 1.160%) 5.581 04-22-30   107,000 $110,919
KeyCorp (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%) (C) 5.121 04-04-31   17,000 17,183
M&T Bank Corp. (5.179% to 7-8-30, then Overnight SOFR + 1.400%) 5.179 07-08-31   7,000 7,080
M&T Bank Corp. (5.385% to 1-16-35, then Overnight SOFR + 1.610%) 5.385 01-16-36   39,000 38,858
M&T Bank Corp. (5.400% to 7-30-30, then 5 Year CMT + 1.430%) 5.400 07-30-35   13,000 13,020
Regions Financial Corp. (5.502% to 9-6-34, then Overnight SOFR + 2.060%) 5.502 09-06-35   50,000 50,361
The PNC Financial Services Group, Inc. (5.575% to 1-29-35, then Overnight SOFR + 1.394%) 5.575 01-29-36   7,000 7,178
Truist Financial Corp. (6.123% to 10-28-32, then Overnight SOFR + 2.300%) 6.123 10-28-33   69,000 73,270
U.S. Bancorp (5.083% to 5-15-30, then Overnight SOFR + 1.296%) 5.083 05-15-31   7,000 7,126
U.S. Bancorp (5.384% to 1-23-29, then Overnight SOFR + 1.560%) 5.384 01-23-30   69,000 70,874
Wells Fargo & Company (5.198% to 1-23-29, then Overnight SOFR + 1.500%) 5.198 01-23-30   70,000 71,491
Wells Fargo & Company (5.244% to 1-24-30, then Overnight SOFR + 1.110%) 5.244 01-24-31   6,000 6,143
Capital markets 2.2%      
Ares Strategic Income Fund (A) 5.450 09-09-28   39,000 38,936
Ares Strategic Income Fund (A) 5.800 09-09-30   14,000 14,009
Ares Strategic Income Fund 6.200 03-21-32   7,000 7,082
Ares Strategic Income Fund 6.350 08-15-29   24,000 24,552
Blackstone Private Credit Fund 6.000 01-29-32   39,000 39,501
HPS Corporate Lending Fund 5.950 04-14-32   4,000 3,969
Lazard Group LLC 6.000 03-15-31   38,000 39,815
Morgan Stanley (2.484% to 9-16-31, then Overnight SOFR + 1.360%) 2.484 09-16-36   89,000 75,863
Morgan Stanley (5.173% to 1-16-29, then Overnight SOFR + 1.450%) 5.173 01-16-30   70,000 71,407
Sixth Street Lending Partners (A) 6.125 07-15-30   4,000 4,076
Consumer finance 0.4%      
Ally Financial, Inc. (5.548% to 7-31-32, then Overnight SOFR + 1.780%) 5.548 07-31-33   14,000 14,019
Ally Financial, Inc. (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%) 5.737 05-15-29   7,000 7,129
Ally Financial, Inc. (6.184% to 7-26-34, then Overnight SOFR + 2.290%) 6.184 07-26-35   38,000 38,885
Financial services 0.8%      
Apollo Debt Solutions BDC 6.900 04-13-29   38,000 39,694
Enact Holdings, Inc. 6.250 05-28-29   38,000 39,262
NMI Holdings, Inc. 6.000 08-15-29   38,000 38,758
Insurance 0.9%      
Athene Holding, Ltd. 3.500 01-15-31   41,000 38,396
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) 6.625 10-15-54   4,000 3,937
CNO Global Funding (A) 4.950 09-09-29   39,000 39,323
F&G Annuities & Life, Inc. 6.500 06-04-29   38,000 39,147
Reinsurance Group of America, Inc. (6.650% to 9-15-35, then 5 Year CMT + 2.392%) 6.650 09-15-55   4,000 4,002
Health care 2.3%     330,816
Biotechnology 1.1%      
AbbVie, Inc. 5.050 03-15-34   43,000 43,543
Amgen, Inc. 5.250 03-02-30   69,000 70,889
Amgen, Inc. 5.250 03-02-33   38,000 38,761
Health care equipment and supplies 0.5%      
Solventum Corp. 5.450 03-13-31   70,000 72,503
Health care providers and services 0.6%      
Centene Corp. 4.625 12-15-29   40,000 38,035
HCA, Inc. 5.450 04-01-31   38,000 39,057
UnitedHealth Group, Inc. 5.950 06-15-55   7,000 7,001
Pharmaceuticals 0.1%      
Viatris, Inc. 4.000 06-22-50   32,000 21,027
Industrials 2.7%     385,859
Aerospace and defense 0.6%      
Huntington Ingalls Industries, Inc. 4.200 05-01-30   40,000 38,892
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 5
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)      
Aerospace and defense (continued)      
The Boeing Company 6.528 05-01-34   39,000 $42,448
Passenger airlines 2.1%      
American Airlines 2021-1 Class A Pass Through Trust 2.875 07-11-34   191,322 168,688
United Airlines 2023-1 Class A Pass Through Trust 5.800 01-15-36   65,308 66,582
United Airlines 2024-1 Class AA Pass Through Trust 5.450 02-15-37   68,400 69,249
Information technology 1.8%     262,841
Communications equipment 0.3%      
Motorola Solutions, Inc. 2.750 05-24-31   43,000 38,609
Electronic equipment, instruments and components 0.2%      
TD SYNNEX Corp. 2.650 08-09-31   43,000 37,520
Semiconductors and semiconductor equipment 1.0%      
Broadcom, Inc. (A) 3.419 04-15-33   49,000 44,326
Broadcom, Inc. 4.900 07-15-32   20,000 20,062
Micron Technology, Inc. 2.703 04-15-32   43,000 37,285
Qorvo, Inc. (A) 3.375 04-01-31   43,000 38,602
Software 0.0%      
Oracle Corp. 5.250 02-03-32   7,000 7,148
Technology hardware, storage and peripherals 0.3%      
CDW LLC 5.550 08-22-34   39,000 39,289
Materials 0.3%     39,475
Metals and mining 0.3%      
Freeport-McMoRan, Inc. 5.400 11-14-34   39,000 39,475
Real estate 1.5%     218,031
Industrial REITs 0.3%      
Prologis Targeted US Logistics Fund LP (A) 5.250 04-01-29   38,000 38,925
Real estate management and development 0.3%      
CoStar Group, Inc. (A) 2.800 07-15-30   42,000 37,881
Residential REITs 0.1%      
American Homes 4 Rent LP 4.950 06-15-30   19,000 19,124
Retail REITs 0.1%      
Regency Centers LP 5.000 07-15-32   17,000 17,174
Specialized REITs 0.7%      
American Tower Corp. 5.550 07-15-33   57,000 58,760
American Tower Corp. 5.650 03-15-33   7,000 7,260
VICI Properties LP 5.125 05-15-32   39,000 38,907
Utilities 3.0%     434,740
Electric utilities 1.7%      
Constellation Energy Generation LLC 6.500 10-01-53   30,000 32,450
Exelon Corp. 5.125 03-15-31   6,000 6,122
Exelon Corp. (6.500% to 3-15-35, then 5 Year CMT + 1.975%) 6.500 03-15-55   2,000 2,044
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) 6.375 08-15-55   5,000 5,130
NextEra Energy Capital Holdings, Inc. (6.500% to 8-15-35, then 5 Year CMT + 1.979%) 6.500 08-15-55   39,000 40,251
NRG Energy, Inc. (A) 7.000 03-15-33   30,000 32,910
Pacific Gas & Electric Company 4.950 07-01-50   41,000 33,883
Pacific Gas & Electric Company 5.800 05-15-34   38,000 38,563
The Southern Company 5.200 06-15-33   39,000 39,664
The Southern Company (6.375% to 3-15-35, then 5 Year CMT + 2.069%) 6.375 03-15-55   17,000 17,590
Independent power and renewable electricity producers 0.6%      
Capital Power US Holdings, Inc. (A) 5.257 06-01-28   4,000 4,042
Capital Power US Holdings, Inc. (A) 6.189 06-01-35   7,000 7,198
Vistra Operations Company LLC (A) 6.000 04-15-34   70,000 72,653
6 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Utilities (continued)      
Multi-utilities 0.7%      
Dominion Energy, Inc. (6.875% to 2-1-30, then 5 Year CMT + 2.386%) 6.875 02-01-55   30,000 $31,393
Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) 7.000 06-01-54   30,000 32,004
Sempra 5.500 08-01-33   38,000 38,843
Collateralized mortgage obligations 5.8%       $831,093
(Cost $825,249)          
Commercial and residential 5.1%     728,869
Avenue of Americas    
Series 2025-1301, Class A (A)(D) 5.227 08-11-30   11,000 11,000
BAHA Trust    
Series 2024-MAR, Class A (A)(D) 5.972 12-10-41   100,000 102,691
BANK5    
Series 2024-5YR8, Class A3 5.884 08-15-57   10,000 10,398
Benchmark Mortgage Trust    
Series 2020-B16, Class A5 2.732 02-15-53   50,000 45,729
Series 2024-V12, Class A3 5.738 12-15-57   10,000 10,389
BX Trust    
Series 2019-OC11, Class A (A) 3.202 12-09-41   26,000 24,228
COLT Mortgage Loan Trust    
Series 2022-2, Class A1 (2.994% to 2-1-26, then 3.994% thereafter) (A) 2.994 02-25-67   65,535 61,862
GCAT Trust    
Series 2020-NQM2, Class A1 (A) 2.555 04-25-65   28,610 27,317
OBX Trust    
Series 2021-NQM3, Class A1 (A)(D) 1.054 07-25-61   54,959 44,522
ROCK Trust    
Series 2024-CNTR, Class A (A) 5.388 11-13-41   100,000 101,843
Towd Point Mortgage Trust    
Series 2018-4, Class A1 (A)(D) 3.000 06-25-58   31,331 29,522
Series 2020-4, Class A1 (A) 1.750 10-25-60   39,771 35,891
Verus Securitization Trust    
Series 2021-3, Class A1 (A)(D) 1.046 06-25-66   71,917 62,735
Series 2021-4, Class A1 (A)(D) 0.938 07-25-66   181,317 150,372
Wells Fargo Commercial Mortgage Trust    
Series 2025-5C4, Class A3 5.673 05-15-58   10,000 10,370
U.S. Government Agency 0.7%     102,224
Government National Mortgage Association    
Series 2022-144, Class IO 0.529 10-16-64   560,851 27,762
Series 2024-179, Class XI IO 0.831 12-16-66   274,295 19,778
Series 2025-3, Class IO 0.855 04-16-67   264,934 17,925
Series 2025-35, Class IO 0.769 09-16-66   315,377 17,854
Series 2025-73, Class IO 0.676 08-16-67   308,406 18,905
Asset-backed securities 7.1%         $1,027,445
(Cost $1,016,590)          
Asset-backed securities 7.1%     1,027,445
Aligned Data Centers Issuer LLC          
Series 2023-2A, Class A2 (A) 6.500 11-16-48   50,000 50,706
Arby’s Funding LLC          
Series 2020-1A, Class A2 (A) 3.237 07-30-50   23,750 22,676
CARS-DB8 LP          
Series 2024-2A, Class A1 (A) 4.900 05-15-54   95,333 94,641
CLI Funding IX LLC          
Series 2024-1A, Class A (A) 5.630 07-20-49   90,787 91,213
Compass Datacenters Issuer II LLC          
Series 2025-1A, Class A1 (A) 5.316 05-25-50   25,000 25,216
Compass Datacenters Issuer III LLC          
Series 2025-2A, Class A2 (A) 5.835 02-25-50   25,000 25,068
CyrusOne Data Centers Issuer I LLC          
Series 2024-2A, Class A2 (A) 4.500 05-20-49   25,000 24,293
DataBank Issuer          
Series 2023-1A, Class A2 (A) 5.116 02-25-53   100,000 99,284
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 7
  Rate (%) Maturity date   Par value^ Value
Asset-backed securities (continued)      
DB Master Finance LLC          
Series 2021-1A, Class A2II (A) 2.493 11-20-51   48,250 $44,592
Driven Brands Funding LLC          
Series 2020-2A, Class A2 (A) 3.237 01-20-51   23,294 22,267
Series 2024-1A, Class A2 (A) 6.372 10-20-54   49,500 51,004
ExteNet Issuer LLC          
Series 2024-1A, Class A2 (A) 5.335 07-25-54   25,000 25,039
GM Financial Revolving Receivables Trust          
Series 2024-1, Class A (A) 4.980 12-11-36   25,000 25,486
Hotwire Funding LLC          
Series 2021-1, Class A2 (A) 2.311 11-20-51   25,000 24,064
Jersey Mike’s Funding LLC          
Series 2024-1A, Class A2 (A) 5.636 02-15-55   49,875 50,383
Progress Residential Trust          
Series 2025-SFR1, Class A (A) 3.400 02-17-42   99,877 94,359
Retained Vantage Data Centers Issuer LLC          
Series 2023-1A, Class A2A (A) 5.000 09-15-48   25,000 24,655
SMB Private Education Loan Trust          
Series 2024-A, Class A1A (A) 5.240 03-15-56   84,250 85,372
Sonic Capital LLC          
Series 2020-1A, Class A2I (A) 3.845 01-20-50   23,771 23,240
Subway Funding LLC          
Series 2024-3A, Class A23 (A) 5.914 07-30-54   24,813 24,235
Series 2024-3A, Class A2I (A) 5.246 07-30-54   24,813 24,434
Switch ABS Issuer LLC          
Series 2025-1A, Class A2 (A) 5.036 03-25-55   25,000 24,512
Uniti Fiber Issuer LLC          
Series 2025-1A, Class A2 (A) 5.877 04-20-55   25,000 25,460
Zayo Issuer LLC          
Series 2025-1A, Class A2 (A) 5.648 03-20-55   25,000 25,246
    
    Yield (%)   Shares Value
Short-term investments 1.5%         $216,590
(Cost $216,585)          
Short-term funds 1.5%         216,590
John Hancock Collateral Trust (E) 4.2650(F)   21,655 216,590
    
Total investments (Cost $14,306,353) 99.9%     $14,388,040
Other assets and liabilities, net 0.1%       11,284
Total net assets 100.0%         $14,399,324
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CMT Constant Maturity Treasury
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR Secured Overnight Financing Rate
(A) 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. Rule 144A securities amounted to $2,231,582 or 15.5% of the fund’s net assets as of 7-31-25.
(B) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(C) All or a portion of this security is on loan as of 7-31-25. The value of securities on loan amounted to $15,394.
(D) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(E) 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. Market value of this investment amounted to $15,713.
(F) The rate shown is the annualized seven-day yield as of 7-31-25.
8 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
CORE PLUS BOND ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 53.4%     $28,701,893
(Cost $28,641,875)          
U.S. Government 17.6%       9,466,200
U.S. Treasury          
Bond 1.625 11-15-50   1,738,000 902,470
Bond 2.000 02-15-50   267,000 154,745
Bond 4.625 02-15-55   1,380,000 1,321,997
Bond 4.750 02-15-45   1,521,000 1,495,095
Note 3.875 06-30-30   755,000 752,287
Note 4.000 12-15-27   189,000 189,413
Note 4.000 06-30-32   2,064,000 2,047,228
Note 4.250 11-30-26   940,000 941,799
Note 4.250 01-15-28   110,000 110,851
Note 4.250 05-15-35   1,564,000 1,550,315
U.S. Government Agency 35.8%       19,235,693
Federal Home Loan Mortgage Corp.          
15 Yr Pass Thru 2.000 08-01-35   186,096 170,705
15 Yr Pass Thru 3.500 10-01-37   176,321 169,816
30 Yr Pass Thru 2.000 02-01-52   31,265 24,758
30 Yr Pass Thru 2.500 01-01-52   173,075 143,545
30 Yr Pass Thru 2.500 02-01-52   227,562 188,735
30 Yr Pass Thru 3.000 09-01-51   235,089 203,957
30 Yr Pass Thru 3.000 02-01-52   158,471 137,238
30 Yr Pass Thru 3.000 03-01-52   153,423 132,962
30 Yr Pass Thru 3.000 05-01-52   269,503 234,572
30 Yr Pass Thru 3.500 01-01-50   247,968 224,691
30 Yr Pass Thru 3.500 04-01-50   252,164 228,967
30 Yr Pass Thru 3.500 01-01-52   249,574 224,898
30 Yr Pass Thru 3.500 03-01-52   129,000 116,488
30 Yr Pass Thru 4.000 05-01-52   153,731 143,661
30 Yr Pass Thru 4.000 06-01-52   195,084 180,843
30 Yr Pass Thru 4.000 06-01-52   223,803 207,408
30 Yr Pass Thru 4.000 07-01-52   222,535 207,332
30 Yr Pass Thru 4.000 07-01-52   227,647 210,744
30 Yr Pass Thru 4.000 07-01-52   154,321 143,393
30 Yr Pass Thru 4.000 10-01-52   111,747 103,833
30 Yr Pass Thru 4.000 12-01-52   223,174 207,858
30 Yr Pass Thru 4.000 02-01-53   153,483 143,381
30 Yr Pass Thru 4.000 04-01-53   223,143 207,969
30 Yr Pass Thru 4.000 04-01-53   225,842 209,849
30 Yr Pass Thru 4.000 01-01-54   225,548 208,237
30 Yr Pass Thru 4.500 07-01-52   225,540 216,136
30 Yr Pass Thru 4.500 08-01-52   61,847 59,164
30 Yr Pass Thru 4.500 02-01-53   223,182 213,849
30 Yr Pass Thru 4.500 02-01-53   159,868 152,534
30 Yr Pass Thru 4.500 02-01-54   222,705 212,749
30 Yr Pass Thru 4.500 02-01-54   62,028 59,279
30 Yr Pass Thru 5.000 03-01-53   228,786 224,876
30 Yr Pass Thru 5.000 04-01-53   149,312 147,040
30 Yr Pass Thru 5.000 04-01-53   157,331 154,495
30 Yr Pass Thru 5.000 06-01-53   114,442 111,834
30 Yr Pass Thru 5.000 06-01-53   234,046 228,802
30 Yr Pass Thru 5.000 08-01-53   229,628 224,699
30 Yr Pass Thru 5.000 10-01-53   227,330 224,279
30 Yr Pass Thru 5.000 03-01-54   113,990 111,900
30 Yr Pass Thru 5.000 03-01-54   112,299 110,139
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 9
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 5.000 10-01-54   226,196 $222,100
30 Yr Pass Thru 5.000 10-01-54   227,579 222,551
30 Yr Pass Thru 5.000 11-01-54   233,326 228,208
30 Yr Pass Thru 5.000 12-01-54   72,662 71,278
30 Yr Pass Thru 5.000 01-01-55   66,791 65,514
30 Yr Pass Thru 5.500 07-01-54   56,183 56,309
30 Yr Pass Thru 5.500 01-01-55   174,873 175,304
30 Yr Pass Thru 5.500 02-01-55   74,277 74,723
30 Yr Pass Thru 5.500 02-01-55   87,895 88,175
Federal National Mortgage Association          
15 Yr Pass Thru 2.000 07-01-36   132,454 120,961
15 Yr Pass Thru 2.500 08-01-35   127,386 119,171
15 Yr Pass Thru 2.500 03-01-36   88,369 82,344
30 Yr Pass Thru 2.000 06-01-50   241,624 190,960
30 Yr Pass Thru 2.000 07-01-50   159,593 126,129
30 Yr Pass Thru 2.000 07-01-51   241,268 190,602
30 Yr Pass Thru 2.000 03-01-52   163,256 129,381
30 Yr Pass Thru 2.500 01-01-50   242,831 201,778
30 Yr Pass Thru 2.500 09-01-50   244,963 200,946
30 Yr Pass Thru 2.500 05-01-51   125,627 104,035
30 Yr Pass Thru 2.500 01-01-52   243,388 201,176
30 Yr Pass Thru 2.500 04-01-52   366,246 303,756
30 Yr Pass Thru 3.000 01-01-50   282,067 244,714
30 Yr Pass Thru 3.000 03-01-50   277,287 240,567
30 Yr Pass Thru 3.000 06-01-51   159,217 138,232
30 Yr Pass Thru 3.000 11-01-51   228,922 198,392
30 Yr Pass Thru 3.000 12-01-51   162,299 140,655
30 Yr Pass Thru 3.000 02-01-52   97,717 84,563
30 Yr Pass Thru 3.000 03-01-52   277,469 239,251
30 Yr Pass Thru 3.000 05-01-52   282,143 242,047
30 Yr Pass Thru 3.500 10-01-49   98,698 89,495
30 Yr Pass Thru 3.500 01-01-50   131,896 119,186
30 Yr Pass Thru 3.500 05-01-50   130,260 117,626
30 Yr Pass Thru 3.500 07-01-51   251,295 227,314
30 Yr Pass Thru 3.500 01-01-52   255,902 229,081
30 Yr Pass Thru 3.500 04-01-52   252,807 228,681
30 Yr Pass Thru 3.500 04-01-52   244,910 220,390
30 Yr Pass Thru 3.500 06-01-52   257,853 230,990
30 Yr Pass Thru 3.500 07-01-52   131,757 117,907
30 Yr Pass Thru 4.000 05-01-49   197,393 184,093
30 Yr Pass Thru 4.000 05-01-52   221,243 205,022
30 Yr Pass Thru 4.000 06-01-52   198,112 184,144
30 Yr Pass Thru 4.500 06-01-52   135,292 129,973
30 Yr Pass Thru 4.500 07-01-52   166,007 159,013
30 Yr Pass Thru 4.500 07-01-52   228,394 218,129
30 Yr Pass Thru 4.500 08-01-52   61,392 59,093
30 Yr Pass Thru 4.500 08-01-52   225,514 215,238
30 Yr Pass Thru 4.500 09-01-52   214,968 205,643
30 Yr Pass Thru 4.500 10-01-52   167,788 160,772
30 Yr Pass Thru 4.500 11-01-52   138,007 132,236
30 Yr Pass Thru 4.500 06-01-53   169,209 161,869
30 Yr Pass Thru 4.500 07-01-53   139,731 133,528
30 Yr Pass Thru 4.500 07-01-53   138,672 132,741
30 Yr Pass Thru 4.500 09-01-53   392,459 374,759
30 Yr Pass Thru 4.500 01-01-54   224,216 214,699
30 Yr Pass Thru 4.500 04-01-54   230,155 219,776
30 Yr Pass Thru 5.000 08-01-52   149,813 147,673
10 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 5.000 09-01-52   61,700 $60,568
30 Yr Pass Thru 5.000 03-01-53   232,776 228,652
30 Yr Pass Thru 5.000 06-01-53   226,828 221,781
30 Yr Pass Thru 5.000 06-01-53   114,441 111,877
30 Yr Pass Thru 5.000 06-01-53   105,716 104,305
30 Yr Pass Thru 5.000 09-01-53   147,648 145,171
30 Yr Pass Thru 5.000 11-01-53   96,557 94,175
30 Yr Pass Thru 5.000 10-01-54   71,504 70,008
30 Yr Pass Thru 5.000 11-01-54   88,703 87,097
30 Yr Pass Thru 5.000 11-01-54   113,302 110,568
30 Yr Pass Thru 5.000 12-01-54   115,081 112,485
30 Yr Pass Thru 5.500 07-01-53   211,508 213,041
30 Yr Pass Thru 5.500 09-01-53   220,409 221,111
30 Yr Pass Thru 5.500 09-01-53   219,430 219,855
30 Yr Pass Thru 5.500 10-01-53   65,078 65,285
30 Yr Pass Thru 5.500 10-01-54   53,028 53,319
30 Yr Pass Thru 5.500 11-01-54   54,356 54,478
30 Yr Pass Thru 5.500 11-01-54   229,541 230,917
30 Yr Pass Thru 5.500 11-01-54   54,760 54,703
30 Yr Pass Thru 5.500 01-01-55   54,429 54,891
30 Yr Pass Thru 5.500 01-01-55   289,903 290,554
30 Yr Pass Thru 5.500 06-01-55   80,292 80,344
Corporate bonds 37.2%     $19,973,286
(Cost $19,779,752)          
Communication services 2.0%     1,052,339
Diversified telecommunication services 0.7%      
AT&T, Inc. 2.750 06-01-31   147,000 132,890
AT&T, Inc. 4.500 05-15-35   36,000 34,159
Level 3 Financing, Inc. (A) 6.875 06-30-33   61,000 61,815
Verizon Communications, Inc. 2.550 03-21-31   149,000 133,450
Interactive media and services 0.1%      
Match Group Holdings II LLC (A) 4.125 08-01-30   39,000 36,372
Media 1.0%      
CCO Holdings LLC 4.500 05-01-32   25,000 22,684
Charter Communications Operating LLC 2.800 04-01-31   315,000 279,061
Gray Media, Inc. (A)(B) 10.500 07-15-29   42,000 45,452
Midcontinent Communications (A)(B) 8.000 08-15-32   124,000 130,839
News Corp. (A) 3.875 05-15-29   34,000 32,463
News Corp. (A) 5.125 02-15-32   15,000 14,620
Wireless telecommunication services 0.2%      
Vodafone Group PLC (7.000% to 4-4-29, then 5 Year U.S. Swap Rate + 4.873% to 4-4-49, then 5 Year U.S. Swap Rate + 5.623%) 7.000 04-04-79   123,000 128,534
Consumer discretionary 3.6%     1,947,544
Automobiles 0.9%      
Ford Motor Company 6.100 08-19-32   371,000 371,614
General Motors Financial Company, Inc. 3.600 06-21-30   139,000 130,586
Broadline retail 0.1%      
Macy’s Retail Holdings LLC (A)(B) 6.125 03-15-32   24,000 22,979
Macy’s Retail Holdings LLC (A) 7.375 08-01-33   39,000 39,149
Diversified consumer services 0.2%      
Service Corp. International 5.750 10-15-32   130,000 130,308
Hotels, restaurants and leisure 1.4%      
Carnival Corp. (A) 5.750 08-01-32   74,000 74,501
Carnival Corp. (A) 5.875 06-15-31   47,000 47,705
Full House Resorts, Inc. (A) 8.250 02-15-28   142,000 137,462
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 11
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)      
Hotels, restaurants and leisure (continued)      
Hilton Grand Vacations Borrower LLC (A) 6.625 01-15-32   124,000 $125,392
MGM Resorts International 4.750 10-15-28   133,000 131,240
NCL Corp., Ltd. (A) 6.750 02-01-32   34,000 34,922
Rivers Enterprise Borrower LLC (A) 6.625 02-01-33   30,000 30,289
Royal Caribbean Cruises, Ltd. (A) 6.250 03-15-32   125,000 128,298
Sabre GLBL, Inc. (A) 11.125 07-15-30   34,000 35,845
Household durables 0.4%      
KB Home 4.000 06-15-31   146,000 134,015
Newell Brands, Inc. 6.375 05-15-30   26,000 25,195
Newell Brands, Inc. (A) 8.500 06-01-28   24,000 25,149
Specialty retail 0.6%      
Asbury Automotive Group, Inc. (A) 4.625 11-15-29   137,000 131,637
Global Auto Holdings, Ltd. (A) 8.750 01-15-32   45,000 39,847
Lithia Motors, Inc. (A) 4.375 01-15-31   140,000 131,690
Textiles, apparel and luxury goods 0.0%      
S&S Holdings LLC (A) 8.375 10-01-31   11,000 10,539
Under Armour, Inc. (A) 7.250 07-15-30   9,000 9,182
Consumer staples 0.1%     40,617
Food products 0.1%      
JBS USA LUX Sarl (A) 5.950 04-20-35   11,000 11,350
Mars, Inc. (A) 5.000 03-01-32   29,000 29,267
Energy 6.0%     3,245,449
Oil, gas and consumable fuels 6.0%      
Antero Midstream Partners LP (A) 6.625 02-01-32   251,000 258,018
Ascent Resources Utica Holdings LLC (A) 5.875 06-30-29   261,000 260,066
Ascent Resources Utica Holdings LLC (A) 6.625 07-15-33   16,000 16,222
Blue Racer Midstream LLC (A) 7.250 07-15-32   122,000 128,625
Cheniere Energy Partners LP (A) 5.550 10-30-35   25,000 25,126
Cheniere Energy Partners LP 5.950 06-30-33   122,000 127,347
Columbia Pipelines Operating Company LLC (A) 6.036 11-15-33   125,000 131,395
Continental Resources, Inc. 4.900 06-01-44   166,000 130,239
Diamondback Energy, Inc. 5.150 01-30-30   125,000 127,273
DT Midstream, Inc. (A) 4.375 06-15-31   49,000 46,638
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) 8.500 01-15-84   229,000 257,915
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (C) 7.125 05-15-30   258,000 264,149
EQT Corp. (A) 6.375 04-01-29   23,000 23,680
Genesis Energy LP 7.875 05-15-32   21,000 21,718
Genesis Energy LP 8.000 05-15-33   24,000 24,882
Global Partners LP (A) 7.125 07-01-33   7,000 7,109
Global Partners LP (A) 8.250 01-15-32   24,000 25,164
Gulfstream Natural Gas System LLC (A) 5.600 07-23-35   20,000 20,115
Harbour Energy PLC (A) 6.327 04-01-35   76,000 76,037
Long Ridge Energy LLC (A) 8.750 02-15-32   29,000 30,074
Matador Resources Company (A) 6.250 04-15-33   130,000 128,789
Occidental Petroleum Corp. 6.050 10-01-54   133,000 121,593
Parkland Corp. (A) 4.500 10-01-29   136,000 131,029
Sunoco LP 4.500 04-30-30   49,000 46,982
Sunoco LP (A) 6.250 07-01-33   20,000 20,256
Sunoco LP (A) 7.250 05-01-32   123,000 128,903
Targa Resources Corp. 6.150 03-01-29   122,000 127,720
Venture Global Calcasieu Pass LLC (A) 4.125 08-15-31   142,000 131,164
Venture Global LNG, Inc. (A) 7.000 01-15-30   260,000 263,644
Viper Energy Partners LLC 4.900 08-01-30   15,000 14,937
12 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Energy (continued)      
Oil, gas and consumable fuels (continued)      
Whistler Pipeline LLC (A) 5.700 09-30-31   126,000 $128,640
Financials 12.4%     6,643,829
Banks 7.5%      
Bank of America Corp. (4.571% to 4-27-32, then Overnight SOFR + 1.830%) 4.571 04-27-33   268,000 263,846
Bank of America Corp. (5.425% to 8-15-34, then Overnight SOFR + 1.913%) 5.425 08-15-35   274,000 274,494
Bank of America Corp. (5.518% to 10-25-34, then Overnight SOFR + 1.738%) 5.518 10-25-35   15,000 15,014
Bank of America Corp. (6.625% to 5-1-30, then 5 Year CMT + 2.684%) (C) 6.625 05-01-30   78,000 79,876
Citigroup, Inc. (6.174% to 5-25-33, then Overnight SOFR + 2.661%) 6.174 05-25-34   251,000 262,486
Citizens Financial Group, Inc. (5.253% to 3-5-30, then Overnight SOFR + 1.259%) 5.253 03-05-31   36,000 36,463
Citizens Financial Group, Inc. (5.718% to 7-23-31, then Overnight SOFR + 1.910%) 5.718 07-23-32   255,000 263,092
Comerica, Inc. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) 5.982 01-30-30   124,000 127,504
Fifth Third Bancorp (4.772% to 7-28-29, then SOFR Compounded Index + 2.127%) 4.772 07-28-30   128,000 128,524
First Citizens BancShares, Inc. (5.231% to 3-12-30, then Overnight SOFR + 1.410%) 5.231 03-12-31   46,000 46,246
First Horizon Corp. (5.514% to 3-7-30, then Overnight SOFR + 1.766%) 5.514 03-07-31   29,000 29,505
Huntington Bancshares, Inc. (5.272% to 1-15-30, then Overnight SOFR + 1.276%) 5.272 01-15-31   257,000 262,358
JPMorgan Chase & Co. (2.522% to 4-22-30, then Overnight SOFR + 2.040%) 2.522 04-22-31   302,000 275,937
JPMorgan Chase & Co. (5.576% to 7-23-35, then Overnight SOFR + 1.635%) 5.576 07-23-36   132,000 133,710
JPMorgan Chase & Co. (5.581% to 4-22-29, then Overnight SOFR + 1.160%) 5.581 04-22-30   263,000 272,634
KeyCorp (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%) (B) 5.121 04-04-31   53,000 53,569
M&T Bank Corp. (5.179% to 7-8-30, then Overnight SOFR + 1.400%) 5.179 07-08-31   25,000 25,286
M&T Bank Corp. (5.385% to 1-16-35, then Overnight SOFR + 1.610%) 5.385 01-16-36   266,000 265,034
M&T Bank Corp. (5.400% to 7-30-30, then 5 Year CMT + 1.430%) 5.400 07-30-35   48,000 48,073
Regions Financial Corp. (5.502% to 9-6-34, then Overnight SOFR + 2.060%) 5.502 09-06-35   129,000 129,931
The PNC Financial Services Group, Inc. (5.575% to 1-29-35, then Overnight SOFR + 1.394%) 5.575 01-29-36   34,000 34,866
Truist Financial Corp. (6.123% to 10-28-32, then Overnight SOFR + 2.300%) 6.123 10-28-33   376,000 399,270
U.S. Bancorp (5.083% to 5-15-30, then Overnight SOFR + 1.296%) 5.083 05-15-31   35,000 35,628
U.S. Bancorp (5.836% to 6-10-33, then Overnight SOFR + 2.260%) 5.836 06-12-34   260,000 272,675
Wells Fargo & Company (5.198% to 1-23-29, then Overnight SOFR + 1.500%) 5.198 01-23-30   264,000 269,623
Wells Fargo & Company (5.244% to 1-24-30, then Overnight SOFR + 1.110%) 5.244 01-24-31   30,000 30,714
Capital markets 3.2%      
Ares Strategic Income Fund (A) 5.800 09-09-30   54,000 54,036
Ares Strategic Income Fund 6.200 03-21-32   124,000 125,451
Ares Strategic Income Fund 6.350 08-15-29   124,000 126,852
Blackstone Private Credit Fund 5.950 07-16-29   124,000 126,486
Blackstone Private Credit Fund 6.000 01-29-32   126,000 127,619
HPS Corporate Lending Fund 5.950 04-14-32   19,000 18,851
Lazard Group LLC 4.375 03-11-29   131,000 129,672
Morgan Stanley (2.484% to 9-16-31, then Overnight SOFR + 1.360%) 2.484 09-16-36   321,000 273,617
Morgan Stanley (5.173% to 1-16-29, then Overnight SOFR + 1.450%) 5.173 01-16-30   259,000 264,207
MSCI, Inc. (A) 3.625 11-01-31   143,000 131,546
Sixth Street Lending Partners (A) 6.125 07-15-30   19,000 19,359
The Bank of New York Mellon Corp. (4.942% to 2-11-30, then Overnight SOFR + 0.887%) 4.942 02-11-31   258,000 262,760
The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then Overnight SOFR + 1.264%) 2.650 10-21-32   48,000 42,279
Consumer finance 0.5%      
Ally Financial, Inc. (5.548% to 7-31-32, then Overnight SOFR + 1.780%) 5.548 07-31-33   53,000 53,073
Ally Financial, Inc. (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%) 5.737 05-15-29   25,000 25,461
Ally Financial, Inc. 8.000 11-01-31   121,000 136,697
OneMain Finance Corp. (D) 6.125 05-15-30   51,000 51,086
Financial services 0.2%      
Rocket Companies, Inc. (A) 6.125 08-01-30   25,000 25,349
Rocket Companies, Inc. (A) 6.375 08-01-33   32,000 32,639
TrueNoord Capital DAC (A) 8.750 03-01-30   21,000 21,780
Insurance 0.8%      
Athene Global Funding (A) 5.322 11-13-31   260,000 261,538
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 13
  Rate (%) Maturity date   Par value^ Value
Financials (continued)      
Insurance (continued)      
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) 6.625 10-15-54   16,000 $15,748
Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (A) 7.950 10-15-54   126,000 131,671
Reinsurance Group of America, Inc. (6.650% to 9-15-35, then 5 Year CMT + 2.392%) 6.650 09-15-55   20,000 20,010
Mortgage real estate investment trusts 0.2%      
Starwood Property Trust, Inc. (A) 7.250 04-01-29   124,000 129,684
Health care 1.9%     1,026,746
Biotechnology 0.8%      
Amgen, Inc. 5.250 03-02-30   126,000 129,450
Amgen, Inc. 5.250 03-02-33   266,000 271,329
Star Parent, Inc. (A) 9.000 10-01-30   14,000 14,722
Health care providers and services 0.5%      
HCA, Inc. 5.450 04-01-31   126,000 129,505
Universal Health Services, Inc. 2.650 10-15-30   150,000 132,726
Pharmaceuticals 0.6%      
Amneal Pharmaceuticals LLC (A) 6.875 08-01-32   12,000 12,180
Royalty Pharma PLC 5.150 09-02-29   129,000 131,371
Viatris, Inc. 2.700 06-22-30   148,000 131,211
Viatris, Inc. 4.000 06-22-50   113,000 74,252
Industrials 4.0%     2,149,159
Aerospace and defense 0.3%      
The Boeing Company 6.528 05-01-34   145,000 157,819
Building products 0.3%      
Builders FirstSource, Inc. (A) 4.250 02-01-32   140,000 129,206
Builders FirstSource, Inc. (A) 6.750 05-15-35   13,000 13,329
Commercial services and supplies 0.3%      
Allied Universal Holdco LLC (A) 6.875 06-15-30   24,000 24,570
Allied Universal Holdco LLC (A) 7.875 02-15-31   126,000 132,128
Construction and engineering 0.5%      
Brundage-Bone Concrete Pumping Holdings, Inc. (A) 7.500 02-01-32   11,000 10,950
CIMIC Finance USA Pty, Ltd. (A) 7.000 03-25-34   124,000 131,814
Quanta Services, Inc. 2.900 10-01-30   150,000 137,884
Electrical equipment 0.2%      
Regal Rexnord Corp. 6.300 02-15-30   124,000 129,802
Machinery 0.3%      
JB Poindexter & Company, Inc. (A) 8.750 12-15-31   129,000 131,933
Passenger airlines 1.8%      
American Airlines 2019-1 Class A Pass Through Trust 3.500 02-15-32   259,421 233,100
American Airlines 2021-1 Class A Pass Through Trust 2.875 07-11-34   267,683 236,015
United Airlines 2023-1 Class A Pass Through Trust 5.800 01-15-36   237,908 242,549
United Airlines 2024-1 Class AA Pass Through Trust 5.450 02-15-37   255,755 258,931
Trading companies and distributors 0.3%      
AerCap Ireland Capital DAC 3.300 01-30-32   198,000 179,129
Information technology 2.0%     1,098,221
IT services 0.1%      
CoreWeave, Inc. (A) 9.000 02-01-31   35,000 34,851
CoreWeave, Inc. (A) 9.250 06-01-30   26,000 26,131
Virtusa Corp. (A) 7.125 12-15-28   12,000 11,465
Semiconductors and semiconductor equipment 1.1%      
Broadcom, Inc. (A) 3.419 04-15-33   154,000 139,311
Broadcom, Inc. 4.900 07-15-32   72,000 72,222
Foundry JV Holdco LLC (A) 6.150 01-25-32   210,000 219,697
Marvell Technology, Inc. 5.950 09-15-33   24,000 25,316
14 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Information technology (continued)      
Semiconductors and semiconductor equipment (continued)      
Qorvo, Inc. (A) 3.375 04-01-31   149,000 $133,759
Software 0.6%      
Cloud Software Group, Inc. (A) 8.250 06-30-32   14,000 14,908
Oracle Corp. 5.250 02-03-32   34,000 34,718
Oracle Corp. 5.550 02-06-53   277,000 255,914
Technology hardware, storage and peripherals 0.2%      
CDW LLC 5.100 03-01-30   129,000 129,929
Materials 0.9%     453,826
Construction materials 0.2%      
JH North America Holdings, Inc. (A) 5.875 01-31-31   10,000 10,034
JH North America Holdings, Inc. (A) 6.125 07-31-32   15,000 15,155
Quikrete Holdings, Inc. (A) 6.375 03-01-32   28,000 28,717
Standard Building Solutions, Inc. (A) 6.250 08-01-33   20,000 20,191
Metals and mining 0.6%      
Capstone Copper Corp. (A) 6.750 03-31-33   10,000 10,191
Champion Iron Canada, Inc. (A) 7.875 07-15-32   43,000 43,918
Freeport-McMoRan, Inc. 5.400 11-14-34   129,000 130,571
Novelis Corp. (A) 4.750 01-30-30   134,000 128,359
Novelis Corp. (A) 6.875 01-30-30   9,000 9,274
Paper and forest products 0.1%      
Magnera Corp. (A) 7.250 11-15-31   61,000 57,416
Real estate 1.2%     641,165
Hotel and resort REITs 0.0%      
XHR LP (A) 6.625 05-15-30   19,000 19,311
Real estate management and development 0.3%      
CoStar Group, Inc. (A) 2.800 07-15-30   151,000 136,190
Specialized REITs 0.9%      
American Tower Corp. 5.550 07-15-33   35,000 36,081
American Tower Corp. 5.650 03-15-33   35,000 36,299
GLP Capital LP 3.250 01-15-32   153,000 135,339
Iron Mountain Information Management Services, Inc. (A) 5.000 07-15-32   138,000 131,693
Uniti Group LP (A) 6.500 02-15-29   16,000 15,565
VICI Properties LP 5.125 05-15-32   131,000 130,687
Utilities 3.1%     1,674,391
Electric utilities 2.3%      
Constellation Energy Generation LLC 6.500 10-01-53   121,000 130,883
Exelon Corp. (6.500% to 3-15-35, then 5 Year CMT + 1.975%) 6.500 03-15-55   9,000 9,196
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) 6.375 08-15-55   26,000 26,675
NextEra Energy Capital Holdings, Inc. (6.500% to 8-15-35, then 5 Year CMT + 1.979%) 6.500 08-15-55   10,000 10,321
NRG Energy, Inc. (A) 3.625 02-15-31   146,000 133,650
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (A)(C) 10.250 03-15-28   117,000 128,784
Pacific Gas & Electric Company 4.950 07-01-50   143,000 118,178
Pacific Gas & Electric Company 5.800 05-15-34   124,000 125,836
PacifiCorp (7.375% to 9-15-30, then 5 Year CMT + 3.319%) 7.375 09-15-55   39,000 39,927
PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) 7.375 03-15-55   249,000 240,281
The Southern Company (6.375% to 3-15-35, then 5 Year CMT + 2.069%) 6.375 03-15-55   261,000 270,060
Independent power and renewable electricity producers 0.3%      
Capital Power US Holdings, Inc. (A) 5.257 06-01-28   20,000 20,211
Capital Power US Holdings, Inc. (A) 6.189 06-01-35   34,000 34,963
XPLR Infrastructure Operating Partners LP (A) 4.500 09-15-27   134,000 129,723
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 15
  Rate (%) Maturity date   Par value^ Value
Utilities (continued)      
Multi-utilities 0.5%      
Dominion Energy, Inc. (6.875% to 2-1-30, then 5 Year CMT + 2.386%) 6.875 02-01-55   121,000 $126,619
Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) 7.000 06-01-54   121,000 129,084
Collateralized mortgage obligations 3.2%       $1,730,301
(Cost $1,733,081)          
Commercial and residential 2.4%     1,278,480
Avenue of Americas    
Series 2025-1301, Class A (A) 5.227 08-11-30   41,000 41,000
BAHA Trust    
Series 2024-MAR, Class A (A)(E) 5.972 12-10-41   100,000 102,691
BANK5    
Series 2024-5YR8, Class A3 5.884 08-15-57   38,000 39,512
Benchmark Mortgage Trust    
Series 2020-B16, Class A5 2.732 02-15-53   150,000 137,187
Series 2024-V12, Class A3 5.738 12-15-57   38,000 39,479
BX Trust    
Series 2019-OC11, Class A (A) 3.202 12-09-41   97,000 90,390
Citigroup Commercial Mortgage Trust    
Series 2023-SMRT, Class A (A)(E) 5.820 10-12-40   100,000 102,612
COLT Mortgage Loan Trust    
Series 2022-2, Class A1 (2.994% to 2-1-26, then 3.994% thereafter) (A) 2.994 02-25-67   131,069 123,725
GCAT Trust    
Series 2020-NQM2, Class A1 (A) 2.555 04-25-65   71,524 68,292
Hudson Yards Mortgage Trust    
Series 2025-SPRL, Class A (A)(E) 5.467 01-13-40   100,000 102,514
OBX Trust    
Series 2021-NQM2, Class A1 (A)(E) 1.101 05-25-61   111,804 91,720
ROCK Trust    
Series 2024-CNTR, Class A (A) 5.388 11-13-41   100,000 101,843
Towd Point Mortgage Trust    
Series 2020-1, Class A1 (A)(E) 2.710 01-25-60   72,050 68,923
Series 2020-4, Class A1 (A) 1.750 10-25-60   39,771 35,891
Wells Fargo Commercial Mortgage Trust    
Series 2025-5C4, Class A3 5.673 05-15-58   30,000 31,111
WHARF Commercial Mortgage Trust    
Series 2025-DC, Class A (A)(E) 5.349 07-15-40   100,000 101,590
U.S. Government Agency 0.8%     451,821
Government National Mortgage Association    
Series 2022-144, Class IO 0.529 10-16-64   1,972,086 97,618
Series 2024-179, Class XI IO 0.831 12-16-66   1,368,495 98,674
Series 2025-3, Class IO 0.855 04-16-67   1,042,804 70,556
Series 2025-35, Class IO 0.766 09-16-66   1,574,966 89,164
Series 2025-73, Class IO 0.676 08-16-67   1,562,991 95,809
Asset-backed securities 5.2%         $2,780,900
(Cost $2,755,731)          
Asset-backed securities 5.2%     2,780,900
Aligned Data Centers Issuer LLC          
Series 2023-2A, Class A2 (A) 6.500 11-16-48   100,000 101,411
AMSR Trust          
Series 2025-SFR1, Class A (A) 3.655 06-17-42   100,000 94,844
Arby’s Funding LLC          
Series 2020-1A, Class A2 (A) 3.237 07-30-50   95,000 90,703
Beacon Container Finance II LLC          
Series 2021-1A, Class A (A) 2.250 10-22-46   118,750 108,914
CARS-DB8 LP          
Series 2024-2A, Class A1 (A) 4.900 05-15-54   190,667 189,281
CLI Funding IX LLC          
Series 2024-1A, Class A (A) 5.630 07-20-49   190,654 191,547
CLI Funding VIII LLC          
Series 2022-1A, Class A (A) 2.720 01-18-47   128,064 116,638
16 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Asset-backed securities (continued)      
Compass Datacenters Issuer II LLC          
Series 2024-1A, Class A1 (A) 5.250 02-25-49   25,000 $25,199
Series 2025-1A, Class A1 (A) 5.316 05-25-50   30,000 30,260
Compass Datacenters Issuer III LLC          
Series 2025-2A, Class A2 (A) 5.835 02-25-50   25,000 25,068
CyrusOne Data Centers Issuer I LLC          
Series 2024-2A, Class A2 (A) 4.500 05-20-49   100,000 97,174
DataBank Issuer          
Series 2023-1A, Class A2 (A) 5.116 02-25-53   150,000 148,925
DB Master Finance LLC          
Series 2021-1A, Class A2II (A) 2.493 11-20-51   144,750 133,777
Driven Brands Funding LLC          
Series 2024-1A, Class A2 (A) 6.372 10-20-54   198,000 204,016
ExteNet Issuer LLC          
Series 2024-1A, Class A2 (A) 5.335 07-25-54   100,000 100,156
GM Financial Revolving Receivables Trust          
Series 2024-1, Class A (A) 4.980 12-11-36   100,000 101,945
Hotwire Funding LLC          
Series 2021-1, Class A2 (A) 2.311 11-20-51   100,000 96,255
Jersey Mike’s Funding LLC          
Series 2024-1A, Class A2 (A) 5.636 02-15-55   99,750 100,765
Series 2025-1A, Class A2 (A) 5.610 08-16-55   50,000 50,273
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class A2 (A) 5.400 08-20-55   37,000 36,997
Progress Residential Trust          
Series 2025-SFR1, Class A (A) 3.400 02-17-42   99,877 94,359
Retained Vantage Data Centers Issuer LLC          
Series 2023-1A, Class A2A (A) 5.000 09-15-48   25,000 24,655
Scalelogix Issuer LLC          
Series 2025-1A, Class A2 (A) 5.673 07-25-55   30,000 29,709
SMB Private Education Loan Trust          
Series 2023-C, Class A1A (A) 5.670 11-15-52   110,916 113,077
Series 2024-A, Class A1A (A) 5.240 03-15-56   84,250 85,372
Sonic Capital LLC          
Series 2020-1A, Class A2I (A) 3.845 01-20-50   95,083 92,961
Subway Funding LLC          
Series 2024-3A, Class A2I (A) 5.246 07-30-54   24,813 24,434
Switch ABS Issuer LLC          
Series 2024-2A, Class A2 (A) 5.436 06-25-54   25,000 24,988
Series 2025-1A, Class A2 (A) 5.036 03-25-55   52,000 50,985
Tricon Residential Trust          
Series 2024-SFR3, Class A (A) 4.500 08-17-41   99,633 98,511
Uniti Fiber Issuer LLC          
Series 2025-1A, Class A2 (A) 5.877 04-20-55   25,000 25,460
Wendy’s Funding LLC          
Series 2021-1A, Class A2I (A) 2.370 06-15-51   47,968 43,965
Zayo Issuer LLC          
Series 2025-1A, Class A2 (A) 5.648 03-20-55   28,000 28,276
    
    Yield (%)   Shares Value
Short-term investments 0.6%         $348,556
(Cost $348,549)          
Short-term funds 0.6%         348,556
John Hancock Collateral Trust (F) 4.2650(G)   34,849 348,556
    
Total investments (Cost $53,258,988) 99.6%     $53,534,936
Other assets and liabilities, net 0.4%       196,713
Total net assets 100.0%         $53,731,649
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 17
Security Abbreviations and Legend
CMT Constant Maturity Treasury
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR Secured Overnight Financing Rate
(A) 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. Rule 144A securities amounted to $10,241,450 or 19.1% of the fund’s net assets as of 7-31-25.
(B) All or a portion of this security is on loan as of 7-31-25. The value of securities on loan amounted to $230,074.
(C) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D) Security purchased or sold on a when-issued or delayed-delivery basis.
(E) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(F) 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. Market value of this investment amounted to $234,747.
(G) The rate shown is the annualized seven-day yield as of 7-31-25.
CORPORATE BOND ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
Corporate bonds 98.2%     $60,673,761
(Cost $60,532,670)          
Communication services 6.7%     4,132,559
Diversified telecommunication services 0.8%      
AT&T, Inc. 3.550 09-15-55   698,000 467,984
Entertainment 1.7%      
Netflix, Inc. 4.900 08-15-34   449,000 453,820
WMG Acquisition Corp. (A) 3.875 07-15-30   635,000 592,669
Interactive media and services 1.5%      
Meta Platforms, Inc. 4.450 08-15-52   1,127,000 947,624
Media 1.9%      
Charter Communications Operating LLC 2.800 04-01-31   727,000 644,055
News Corp. (A) 5.125 02-15-32   518,000 504,867
Wireless telecommunication services 0.8%      
T-Mobile USA, Inc. 4.500 04-15-50   635,000 521,540
Consumer discretionary 2.5%     1,528,226
Automobiles 0.7%      
Ford Motor Credit Company LLC 6.050 03-05-31   394,000 395,087
Broadline retail 1.8%      
Amazon.com, Inc. 4.950 12-05-44   1,177,000 1,133,139
Energy 6.7%     4,147,353
Oil, gas and consumable fuels 6.7%      
Cheniere Energy Partners LP 3.250 01-31-32   688,000 618,468
DT Midstream, Inc. (A) 4.300 04-15-32   648,000 606,016
Enbridge, Inc. (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%) 5.750 07-15-80   944,000 934,559
Occidental Petroleum Corp. 6.450 09-15-36   827,000 841,669
ONEOK, Inc. 6.050 09-01-33   527,000 553,012
Var Energi ASA (A) 8.000 11-15-32   523,000 593,629
Financials 43.4%     26,845,380
Banks 22.4%      
Bank of America Corp. (2.592% to 4-29-30, then Overnight SOFR + 2.150%) 2.592 04-29-31   1,633,000 1,492,764
Bank of America Corp. (3.194% to 7-23-29, then 3 month CME Term SOFR + 1.180%) 3.194 07-23-30   58,000 55,179
Barclays PLC 4.972 05-16-29   20,000 20,186
Barclays PLC (5.690% to 3-12-29, then Overnight SOFR + 1.740%) 5.690 03-12-30   550,000 567,670
BNP Paribas SA (3.052% to 1-13-30, then Overnight SOFR + 1.507%) (A) 3.052 01-13-31   304,000 282,634
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (A)(B) 9.250 11-17-27   483,000 519,851
Citizens Financial Group, Inc. 3.250 04-30-30   277,000 258,871
Citizens Financial Group, Inc. (5.718% to 7-23-31, then Overnight SOFR + 1.910%) 5.718 07-23-32   1,013,000 1,045,147
18 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)      
Banks (continued)      
Comerica Bank (5.332% to 8-25-32, then Overnight SOFR + 2.610%) 5.332 08-25-33   1,056,000 $1,028,045
Credit Agricole SA (A) 3.250 01-14-30   840,000 780,226
JPMorgan Chase & Co. (2.739% to 10-15-29, then 3 month CME Term SOFR + 1.510%) 2.739 10-15-30   1,472,000 1,371,193
Lloyds Banking Group PLC (6.750% to 6-27-26, then 5 Year CMT + 4.815%) (B) 6.750 06-27-26   728,000 734,767
M&T Bank Corp. (6.082% to 3-13-31, then Overnight SOFR + 2.260%) 6.082 03-13-32   561,000 590,334
Regions Financial Corp. (5.502% to 9-6-34, then Overnight SOFR + 2.060%) 5.502 09-06-35   712,000 717,138
The PNC Financial Services Group, Inc. (5.582% to 6-12-28, then Overnight SOFR + 1.841%) 5.582 06-12-29   598,000 616,598
Truist Financial Corp. (4.916% to 7-28-32, then Overnight SOFR + 2.240%) 4.916 07-28-33   1,189,000 1,166,064
U.S. Bancorp (5.850% to 10-21-32, then Overnight SOFR + 2.090%) 5.850 10-21-33   724,000 758,972
Wells Fargo & Company (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%) 2.879 10-30-30   1,343,000 1,254,556
Wells Fargo & Company (4.478% to 4-4-30, then 3 month CME Term SOFR + 4.032%) 4.478 04-04-31   598,000 594,625
Capital markets 14.0%      
Ares Strategic Income Fund 5.600 02-15-30   708,000 705,454
Blackstone Private Credit Fund 5.600 11-22-29   24,000 24,179
Blackstone Private Credit Fund 6.250 01-25-31   684,000 705,172
Deutsche Bank AG (3.547% to 9-18-30, then Overnight SOFR + 3.043%) 3.547 09-18-31   28,000 26,306
Deutsche Bank AG (3.742% to 1-7-32, then Overnight SOFR + 2.257%) 3.742 01-07-33   788,000 711,445
Morgan Stanley (2.239% to 7-21-31, then Overnight SOFR + 1.178%) 2.239 07-21-32   698,000 604,844
Morgan Stanley (4.889% to 7-20-32, then Overnight SOFR + 2.076%) 4.889 07-20-33   1,023,000 1,023,478
MSCI, Inc. (A) 3.875 02-15-31   994,000 932,945
State Street Corp. (5.159% to 5-18-33, then Overnight SOFR + 1.890%) 5.159 05-18-34   693,000 705,804
The Bank of New York Mellon Corp. (5.060% to 7-22-31, then Overnight SOFR + 1.230%) 5.060 07-22-32   859,000 875,908
The Charles Schwab Corp. (4.000% to 12-1-30, then 10 Year CMT + 3.079%) (B) 4.000 12-01-30   786,000 718,176
The Charles Schwab Corp. (5.853% to 5-19-33, then Overnight SOFR + 2.500%) 5.853 05-19-34   404,000 428,214
UBS Group AG (4.194% to 4-1-30, then Overnight SOFR + 3.730%) (A) 4.194 04-01-31   664,000 649,055
UBS Group AG (9.250% to 11-13-33, then 5 Year CMT + 4.758%) (A)(B) 9.250 11-13-33   486,000 569,691
Consumer finance 1.5%      
Ally Financial, Inc. (6.184% to 7-26-34, then Overnight SOFR + 2.290%) 6.184 07-26-35   888,000 908,687
Financial services 2.7%      
Apollo Debt Solutions BDC 6.700 07-29-31   647,000 673,744
Atlas Warehouse Lending Company LP (A) 6.250 01-15-30   352,000 355,103
NMI Holdings, Inc. 6.000 08-15-29   294,000 299,865
Visa, Inc. 2.700 04-15-40   446,000 333,322
Insurance 2.8%      
Athene Global Funding (A) 1.450 01-08-26   559,000 551,059
Athene Global Funding (A) 1.730 10-02-26   20,000 19,322
Prudential Financial, Inc. (3.700% to 10-1-30, then 5 Year CMT + 3.035%) 3.700 10-01-50   679,000 619,888
Teachers Insurance & Annuity Association of America (A) 4.270 05-15-47   679,000 548,899
Health care 8.3%     5,121,588
Biotechnology 3.8%      
AbbVie, Inc. 4.250 11-21-49   538,000 438,833
Amgen, Inc. 5.650 03-02-53   1,085,000 1,049,178
Regeneron Pharmaceuticals, Inc. 1.750 09-15-30   1,002,000 870,030
Health care providers and services 0.9%      
Centene Corp. 2.625 08-01-31   669,000 558,656
Pharmaceuticals 3.6%      
Bristol-Myers Squibb Company 3.700 03-15-52   681,000 493,095
Eli Lilly & Company 5.000 02-09-54   798,000 736,635
Pfizer Investment Enterprises Pte, Ltd. 5.300 05-19-53   544,000 507,963
Viatris, Inc. 4.000 06-22-50   711,000 467,198
Industrials 8.2%     5,071,888
Aerospace and defense 0.5%      
The Boeing Company 3.900 05-01-49   10,000 7,248
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 19
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)      
Aerospace and defense (continued)      
The Boeing Company 5.805 05-01-50   295,000 $284,701
Construction and engineering 2.0%      
MasTec, Inc. 5.900 06-15-29   644,000 665,445
Quanta Services, Inc. 5.250 08-09-34   566,000 571,945
Electrical equipment 0.8%      
Regal Rexnord Corp. 6.300 02-15-30   445,000 465,823
Passenger airlines 3.9%      
Delta Air Lines, Inc. (A) 4.750 10-20-28   679,000 679,417
United Airlines 2020-1 Class A Pass Through Trust 5.875 10-15-27   450,244 458,816
United Airlines 2023-1 Class A Pass Through Trust 5.800 01-15-36   46,649 47,559
United Airlines 2024-1 Class A Pass Through Trust 5.875 02-15-37   647,317 648,656
United Airlines 2024-1 Class AA Pass Through Trust 5.450 02-15-37   599,735 607,183
Trading companies and distributors 1.0%      
AerCap Ireland Capital DAC 3.300 01-30-32   702,000 635,095
Information technology 10.1%     6,254,803
IT services 1.1%      
Gartner, Inc. (A) 3.750 10-01-30   746,000 698,153
Semiconductors and semiconductor equipment 2.9%      
Foundry JV Holdco LLC (A) 5.875 01-25-34   622,000 628,050
Micron Technology, Inc. 5.875 02-09-33   528,000 549,150
Qorvo, Inc. (A) 3.375 04-01-31   673,000 604,159
Software 2.5%      
Microsoft Corp. 2.525 06-01-50   2,468,000 1,518,209
Technology hardware, storage and peripherals 3.6%      
Apple, Inc. 2.700 08-05-51   1,802,000 1,123,481
CDW LLC 5.550 08-22-34   590,000 594,378
Dell International LLC 8.350 07-15-46   424,000 539,223
Materials 1.2%     711,480
Chemicals 1.2%      
Air Products & Chemicals, Inc. 2.800 05-15-50   1,136,000 711,480
Real estate 3.3%     2,036,556
Real estate management and development 1.0%      
CoStar Group, Inc. (A) 2.800 07-15-30   683,000 616,012
Specialized REITs 2.3%      
GLP Capital LP 4.000 01-15-30   559,000 534,669
VICI Properties LP 5.125 05-15-32   888,000 885,875
Utilities 7.8%     4,823,928
Electric utilities 4.9%      
Constellation Energy Generation LLC 5.750 03-15-54   580,000 569,287
Duke Energy Corp. 5.800 06-15-54   502,000 490,614
Duke Energy Indiana LLC 5.400 04-01-53   18,000 17,094
NRG Energy, Inc. (A) 4.450 06-15-29   945,000 929,429
Pacific Gas & Electric Company 5.900 10-01-54   561,000 525,826
The Southern Company (6.375% to 3-15-35, then 5 Year CMT + 2.069%) 6.375 03-15-55   471,000 487,349
Virginia Electric and Power Company 5.300 08-15-33   18,000 18,418
Independent power and renewable electricity producers 1.1%      
Vistra Operations Company LLC (A) 4.300 07-15-29   675,000 664,449
Multi-utilities 1.8%      
Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) 7.000 06-01-54   528,000 563,275
Sempra (6.875% to 10-1-29, then 5 Year CMT + 2.789%) 6.875 10-01-54   553,000 558,187
    
20 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
    Yield (%)   Shares Value
Short-term investments 0.7%         $454,680
(Cost $454,659)          
Short-term funds 0.7%         454,680
John Hancock Collateral Trust (C) 4.2650(D)   45,459 454,680
    
Total investments (Cost $60,987,329) 98.9%     $61,128,441
Other assets and liabilities, net 1.1%       693,123
Total net assets 100.0%         $61,821,564
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
SOFR Secured Overnight Financing Rate
(A) 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. Rule 144A securities amounted to $12,325,635 or 19.9% of the fund’s net assets as of 7-31-25.
(B) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(C) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(D) The rate shown is the annualized seven-day yield as of 7-31-25.
The fund had the following country composition as a percentage of net assets on 7-31-25:
United States 87.8%
France 2.6%
United Kingdom 2.1%
Switzerland 2.0%
Canada 1.5%
Germany 1.2%
Ireland 1.0%
Norway 1.0%
Other countries 0.8%
TOTAL 100.0%
DYNAMIC MUNICIPAL BOND ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
Municipal bonds 93.9%         $26,217,858
(Cost $26,046,188)          
Alabama 5.0%         1,405,583
Black Belt Energy Gas District
Gas Project, Series A 		5.250 05-01-56   250,000 254,477
Hoover Industrial Development Board
United States Steel Corp. Project, AMT 		5.750 10-01-49   250,000 250,075
Phenix City Industrial Development Board
MeadWestvaco Coated Board Project, Series A, AMT 		4.125 05-15-35   150,000 142,245
Southeast Energy Authority, a Cooperative District
Series B 		5.250 03-01-55   250,000 259,413
Southeast Energy Authority, a Cooperative District
Series F 		5.250 11-01-55   200,000 214,852
Water Works Board of the City of Birmingham
Water Revenue 		5.000 01-01-36   260,000 284,521
Alaska 0.7%         201,844
Northern Tobacco Securitization Corp.
Series A, Class 1 		4.000 06-01-50   250,000 201,844
Arizona 4.3%         1,212,223
Chandler Industrial Development Authority
Intel Corp. Project, AMT 		4.000 06-01-49   200,000 198,886
Chandler Industrial Development Authority
Intel Corp. Project, AMT 		4.100 12-01-37   250,000 251,168
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 21
  Rate (%) Maturity date   Par value^ Value
Arizona (continued)          
Glendale Industrial Development Authority
Midwest University Foundation, Series A, AMT 		5.000 07-01-28   350,000 $363,636
Industrial Development Authority of the City of Phoenix
Legacy Traditional Schools Project (A) 		5.000 07-01-45   250,000 233,027
Yuma Industrial Development Authority
Yuma Regional Medical Center, Series A (B) 		4.000 08-01-54   200,000 165,506
California 4.6%         1,271,825
California Community Choice Financing Authority
Clean Energy Project, Series C 		5.250 01-01-54   200,000 208,686
California Health Facilities Financing Authority
Commonspirit Health, Series A 		4.000 04-01-37   175,000 171,726
California Infrastructure & Economic Development Bank
Brightline West Passenger Project, Series A, AMT (A) 		9.500 01-01-65   350,000 312,076
California Municipal Finance Authority
Westside Neighborhood School Project (A) 		5.900 06-15-44   165,000 169,287
City of Los Angeles Department of Airports
Series A, AMT 		5.000 05-15-28   145,000 152,989
City of Los Angeles Wastewater System Revenue
Series C 		5.000 06-01-43   100,000 105,277
River Islands Public Financing Authority
Community Facilities District No. 2023-1 		5.625 09-01-53   150,000 151,784
Colorado 3.2%         903,147
Bromley Park Metropolitan District No. 2, GO (B) 5.500 12-01-43   200,000 209,484
City of Longmont Company Water Enterprise Revenue 3.000 11-01-33   20,000 18,915
Colorado Educational & Cultural Facilities Authority
Kent Denver School Project 		4.000 06-01-35   265,000 258,881
Colorado Health Facilities Authority
CommonSpirit Health, Series A-1 		4.000 08-01-44   110,000 94,810
Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado
Series A, GO (A) 		5.000 04-01-35   100,000 105,475
Trails at Crowfoot Metropolitan District No. 3
Series A, GO (B) 		4.000 12-01-44   250,000 215,582
Connecticut 0.9%         256,331
Connecticut State Health & Educational Facilities Authority
Fairfield University, Series V 		5.000 07-01-42   150,000 154,565
Connecticut State Health & Educational Facilities Authority
Goodwin University Obligated Group 		5.000 07-01-44   110,000 101,766
Delaware 2.0%         565,249
Delaware State Economic Development Authority
Aspira of Delaware Charter Operations, Inc. Project, Series A 		4.000 06-01-42   200,000 161,596
Delaware State Economic Development Authority
Delmarva Power & Light Company Project, Series A 		3.600 01-01-31   300,000 306,856
Delaware Transportation Authority
Transportation System Revenue 		3.000 07-01-35   105,000 96,797
District of Columbia 0.8%         213,782
District of Columbia Income Tax Revenue
Series A 		5.000 06-01-36   100,000 111,353
District of Columbia Income Tax Revenue
Series A 		5.000 06-01-45   100,000 102,429
Florida 4.5%         1,259,269
Alachua County Health Facilities Authority
Oak Hammock at the University of Florida 		4.000 10-01-40   100,000 88,206
Cabot Citrus Farms
Community Development District 		5.250 03-01-29   100,000 101,148
Florida Development Finance Corp.
Nova Southeastern University Project, Series A 		5.000 04-01-27   530,000 548,568
Florida Higher Educational Facilities Financing Authority
Rollins College Project 		4.000 12-01-49   100,000 82,852
Palm Beach County Health Facilities Authority
Toby and Leon Cooperman Sinai Residences 		4.000 06-01-31   200,000 199,963
22 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Florida (continued)          
St. Johns County Industrial Development Authority
Vicar’s Landing Project, Series A 		4.000 12-15-30   175,000 $168,540
St. Johns County Industrial Development Authority
Vicar’s Landing Project, Series A 		4.000 12-15-50   100,000 69,992
Georgia 1.2%         346,823
Fulton County Residential Care Facilities for the Elderly Authority
Lenbrook Square Foundation, Inc. 		5.000 07-01-42   100,000 96,524
Main Street Natural Gas, Inc.
Georgia Gas Supply Revenue, Series A 		4.000 09-01-52   250,000 250,299
Hawaii 0.6%         165,850
City & County Honolulu Wastewater System Revenue
Series A 		5.000 07-01-37   150,000 165,850
Idaho 1.0%         275,047
Idaho Housing & Finance Association
Series A 		5.000 08-15-36   250,000 275,047
Illinois 2.4%         665,130
Chicago Board of Education
Series A, GO 		5.875 12-01-47   250,000 254,210
Monroe & St. Clair Counties
Community Unit School District No. 4, GO 		5.500 07-01-40   200,000 200,201
State of Illinois
Series C, GO 		4.000 10-01-43   120,000 102,320
Village of Northbrook, GO 5.000 12-01-37   100,000 108,399
Indiana 3.2%         900,668
City of Whiting
BP Products North America, Inc., Series A, AMT 		4.400 03-01-46   200,000 203,664
Indiana Finance Authority
Ohio Valley Electric Corp. Project, Series A 		3.000 11-01-30   500,000 486,477
Indianapolis Local Public Improvement Bond Bank
Convention Center Hotel, Series E 		5.500 03-01-38   200,000 210,527
Kentucky 1.2%         338,216
Kentucky Public Energy Authority
Series A 		5.250 06-01-55   200,000 211,132
Stamford Housing Authority
Mozaic Concierge Living Project, Series A 		5.500 10-01-35   125,000 127,084
Massachusetts 3.1%         854,326
Commonwealth of Massachusetts
Series A, GO 		5.000 04-01-45   100,000 102,874
Commonwealth of Massachusetts
Series D, GO 		4.000 11-01-37   5,000 4,970
Massachusetts Development Finance Agency
Bentley University 		5.000 07-01-44   200,000 200,896
Massachusetts Development Finance Agency
Brandeis University, Series T-2 		5.000 10-01-55   150,000 162,316
Massachusetts Development Finance Agency
Gingercare Living, Series B-1 (A) 		5.250 12-01-30   100,000 100,147
Massachusetts Development Finance Agency
Wellforce, Series C (B) 		5.000 10-01-27   250,000 261,647
Massachusetts Development Finance Agency
Worcester Polytechnic Institute 		3.125 09-01-46   30,000 21,476
Michigan 2.6%         711,470
Gerald R. Ford International Airport Authority, AMT 5.000 01-01-41   120,000 121,561
Michigan Finance Authority
McLaren Health Care, Series D 		1.200 10-15-38   300,000 283,265
Michigan State Hospital Finance Authority
Corewell Health, Series B-1 		5.000 08-15-55   100,000 108,019
Michigan Strategic Fund
I-75 Improvement Project, AMT 		5.000 12-31-32   100,000 102,350
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 23
  Rate (%) Maturity date   Par value^ Value
Michigan (continued)          
State of Michigan Trunk Line Revenue
Trunk Line Fund Rebuilding Program, Series B 		4.000 11-15-38   100,000 $96,275
Mississippi 0.4%         123,476
City of Gulfport
Memorial Hospital at Gulfport Project 		5.250 07-01-37   115,000 123,476
Missouri 1.3%         364,681
I-470 Western Gateway Transportation Development District
Series A (A) 		4.500 12-01-29   100,000 100,124
Lee’s Summit Industrial Development Authority
John Knox Village, Series A 		5.000 08-15-51   25,000 19,958
St. Louis Land Clearance for Redevelopment Authority
Kiel Opera House Renovation Project 		3.875 10-01-35   100,000 94,855
Waynesville R-VI School District
Certificates of Participation 		5.000 04-15-36   140,000 149,744
Nebraska 1.0%         265,383
Central Plains Energy Project
Series A-1 		5.000 08-01-55   250,000 265,383
Nevada 0.2%         41,091
County of Clark
Series C, GO 		3.000 07-01-35   45,000 41,091
New Jersey 1.8%         492,818
New Jersey Economic Development Authority
Repauno Port and Rail Terminal, AMT (A) 		6.375 01-01-35   100,000 101,568
New Jersey Educational Facilities Authority
Princeton University, Series A 		5.000 07-01-64   100,000 112,006
New Jersey Institute of Technology
Series A (B) 		5.000 07-01-36   250,000 279,244
New York 6.7%         1,863,098
Build NYC Resource Corp.
Senior Airport Facilities, AMT 		5.500 07-01-42   100,000 102,503
Dutchess County Local Development Corp.
Health Quest Systems, Inc. Project, Series B 		4.000 07-01-41   125,000 112,519
New York City Municipal Water Finance Authority
Fiscal 2025, Series DD 		5.000 06-15-35   150,000 170,903
New York City Transitional Finance Authority
Fiscal 2025, Series D 		5.000 05-01-36   50,000 54,993
New York State Dormitory Authority
School Districts Revenue Bond Financing Program, Series C (B) 		5.000 10-01-36   200,000 218,880
New York State Dormitory Authority
White Plains Hospital Obligated Group (B) 		5.000 10-01-38   155,000 164,881
New York Transportation Development Corp.
Delta Air Lines, Inc., Laguardia Airport Terminals C&D Redevelopment, AMT 		4.375 10-01-45   250,000 216,825
New York Transportation Development Corp.
JFK International Airport Terminal One Project, AMT 		6.000 06-30-54   195,000 198,066
Onondaga Civic Development Corp.
Syracuse University Project 		5.000 12-01-40   100,000 107,197
Onondaga Civic Development Corp.
Syracuse University Project 		5.000 12-01-41   100,000 106,305
Port Authority of New York & New Jersey
Series 248 		5.000 01-15-45   150,000 154,011
Troy Capital Resource Corp.
Rensselaer Polytechnic Institute, Series A 		5.000 09-01-39   250,000 256,015
North Carolina 2.6%         735,575
City of Charlotte
Series B, GO 		5.000 07-01-36   100,000 110,884
Greater Asheville Regional Airport Authority, AMT (B) 5.000 07-01-35   150,000 159,071
Raleigh Durham Airport Authority
Series A, AMT 		5.000 05-01-33   300,000 315,616
24 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
North Carolina (continued)          
State of North Carolina
Series C 		3.000 05-01-28   150,000 $150,004
North Dakota 0.9%         249,193
City of Bismarck
Series T, GO 		2.500 05-01-26   250,000 249,193
Ohio 1.9%         534,266
Northeast Ohio Regional Sewer District 3.000 11-15-34   250,000 229,968
Ohio Air Quality Development Authority
Duke Energy Corp. Project, AMT 		4.250 11-01-39   300,000 304,298
Oklahoma 0.4%         110,409
Tulsa Municipal Airport Trust Trustees
American Airlines, Inc., AMT 		6.250 12-01-35   100,000 110,409
Oregon 0.8%         234,381
Oregon State Facilities Authority
Southern Oregon Goodwill Project, Series A 		5.000 12-01-30   225,000 234,381
Pennsylvania 5.1%         1,414,700
Allegheny County Airport Authority
Pittsburgh International Airport, Series A, AMT (B) 		5.250 01-01-44   250,000 254,116
Beaver County Industrial Development Authority
FirstEnergy Corp., Series B 		3.750 10-01-47   85,000 66,230
City of Philadelphia
Series A, GO 		5.000 08-01-39   150,000 159,772
City of Philadelphia Airport Revenue
Series B, AMT 		5.000 07-01-29   500,000 515,880
Lancaster Industrial Development Authority
Landis Homes Retirement Community Project 		4.000 07-01-37   175,000 162,902
Lancaster Municipal Authority
Luthercare Project Series A 		5.000 12-01-45   45,000 42,648
Pennsylvania Higher Educational Facilities Authority
Thomas Jefferson University, Series B-1 		5.250 11-01-43   100,000 102,628
Swarthmore Borough Authority
Swarthmore College, Series A-2 		5.000 09-15-55   100,000 110,524
Puerto Rico 0.5%         128,688
Puerto Rico Commonwealth
CW Guarantee Bond Claims, GO (C) 		2.604 11-01-43   207,143 128,688
South Carolina 0.7%         198,769
South Carolina Jobs-Economic Development Authority
Charleston Southern University, Series C 		5.500 09-01-45   100,000 97,527
South Carolina Jobs-Economic Development Authority
Episcopal Home at Still Hopes, Series A 		5.000 04-01-27   100,000 101,242
Tennessee 3.9%         1,096,456
Hamilton County & Chattanooga Sports Authority
Stadium Project, Series A 		5.750 12-01-50   200,000 216,110
Knoxville Tennessee, GO 3.000 05-01-35   120,000 111,784
Metropolitan Government Nashville & Davidson County Sports Authority
Stadium Project, Series A (B) 		5.250 07-01-53   250,000 253,375
Tennessee Energy Acquisition Corp.
Gas Project, Series A-1 		5.000 05-01-53   500,000 515,187
Texas 8.0%         2,219,358
Arlington Higher Education Finance Corp.
Leadership Prep School 		4.000 06-15-49   200,000 169,367
City of Pearland
Series C, GO 		5.000 09-01-44   135,000 137,175
City of San Antonio Electric & Gas Systems Revenue
Series A 		5.000 02-01-44   200,000 201,295
Dallas Independent School District
Series A-6, GO 		5.000 02-15-55   250,000 272,766
El Paso County Hospital District, GO (B) 5.000 02-15-40   100,000 104,583
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 25
  Rate (%) Maturity date   Par value^ Value
Texas (continued)          
Harris County Municipal Utility District No. 202, GO (B) 3.000 02-15-35   45,000 $41,096
Harris County Municipal Utility District No. 24, GO (B) 3.000 03-01-32   100,000 97,448
Harris County Municipal Utility District No. 24, GO (B) 3.000 03-01-34   100,000 94,786
Harris County Municipal Utility District No. 489
Series A, GO (B) 		3.000 09-01-35   100,000 88,826
New Hope Cultural Education Facilities Finance Corp.
Sanctuary LTC Project, Series A-1 		5.000 01-01-32   100,000 101,212
Port of Beaumont Navigation District
Jefferson Gulf Coast Energy, AMT (A) 		3.625 01-01-35   140,000 123,640
Prosper Independent School District, GO 5.000 02-15-36   245,000 268,784
Texas Municipal Gas Acquisition & Supply Corp. IV
Series A 		5.500 01-01-54   250,000 266,052
Texas Private Activity Bond Surface Transportation Corp.
Bond Surface Transportation Corp., AMT 		5.500 06-30-43   250,000 252,328
Utah 2.8%         788,561
Salt Lake City Airport Revenue
Series A, AMT 		5.000 07-01-31   475,000 492,624
Salt Lake City Airport Revenue
Series A, AMT 		5.250 07-01-36   180,000 192,522
Utah Infrastructure Agency
Telecommunication Revenue 		5.000 10-15-27   100,000 103,415
Vermont 0.5%         145,984
Vermont Economic Development Authority
Casella Waste Systems, Inc. Project, Series A-2, AMT (A) 		4.375 06-01-52   150,000 145,984
Virginia 3.6%         1,002,024
City of Norfolk Water Revenue
Series 2025 (D) 		5.000 11-01-37   250,000 274,929
County of Arlington, GO 5.000 06-15-36   85,000 92,763
Isle Wight County Industrial Development Authority
Riverside Health System (B) 		5.250 07-01-43   250,000 256,561
Loudoun County Economic Development Authority
Public Facilities Project, Series A 		3.000 12-01-36   200,000 176,000
Virginia Beach Development Authority
Westminster-Cantebury on Chesapeake Bay, Series B-1 		6.250 09-01-30   200,000 201,771
Washington 3.9%         1,094,346
Metropolitan Washington Airports Authority Aviation Revenue
Series A, AMT 		5.000 10-01-30   200,000 216,926
Port of Seattle
Series C, AMT 		5.000 08-01-29   550,000 585,601
State of Washington
Series B, GO 		5.000 06-01-47   160,000 161,728
Washington State Housing Finance Commission
Bayview Manor II Project, Series B-2 (A) 		4.200 07-01-29   130,000 130,091
West Virginia 1.2%         346,853
West Virginia Economic Development Authority
Appalachian Power Amos Project, Series A, AMT 		1.000 01-01-41   250,000 249,414
West Virginia Economic Development Authority
Commercial Metals Company Project, AMT 		4.625 04-15-55   100,000 97,439
Wisconsin 4.4%         1,220,965
County of Milwaukee Airport Revenue
Series A, AMT 		5.000 12-01-38   245,000 252,862
Public Finance Authority
A Challenge Foundation Academy (A) 		6.875 07-01-53   200,000 200,937
Public Finance Authority
Campus Real Estate Holding Corp. LLC Project, Series A 		5.000 06-01-35   100,000 103,342
Public Finance Authority
KSU Bixby Real Estate Foundation LLC Project, Series A 		5.000 06-15-35   150,000 159,965
Public Finance Authority
SR 400 Express Lanes Project, AMT 		5.750 12-31-65   250,000 238,341
26 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Wisconsin (continued)          
Public Finance Authority
Viticus Group Project, Series A (A) 		4.000 12-01-41   100,000 $81,459
Wisconsin Health & Educational Facilities Authority
Cedar Crest, Inc. Project, Series A 		5.125 04-01-57   100,000 81,127
Wisconsin Health & Educational Facilities Authority
Chiara Housing and Services, Inc. Project 		5.625 07-01-35   100,000 102,932
    
    Yield (%)   Shares Value
Short-term investments 7.1%       $1,981,352
(Cost $1,981,367)          
Short-term funds 7.1%          
John Hancock Collateral Trust (E)   4.2650(F)   198,098 1,981,352
Total investments (Cost $28,027,555) 101.0%     $28,199,210
Other assets and liabilities, net (1.0%)         (277,591)
Total net assets 100.0%         $27,921,619
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
AMT Interest earned from these securities may be considered a tax preference item for purpose of the Federal Alternative Minimum Tax.
GO General Obligation
(A) 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.
(B) Bond is insured by one or more of the companies listed in the insurance coverage table below.
(C) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
(D) Security purchased or sold on a when-issued or delayed-delivery basis.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(F) The rate shown is the annualized seven-day yield as of 7-31-25.
    
Insurance Coverage As a % of total
investments
Assured Guaranty Corp. 8.0
Build America Mutual Assurance Company 2.2
TOTAL 10.2
The fund had the following portfolio composition as a percentage of net assets on 7-31-25:
General obligation bonds 12.7%
Revenue bonds 81.2%
Other revenue 15.8%
Education 14.7%
Airport 13.2%
Health care 12.9%
Development 12.8%
Water and sewer 4.5%
Transportation 2.8%
Utilities 1.8%
Housing 1.0%
Tobacco 0.7%
Facilities 0.5%
Pollution 0.5%
Short-term investments and other 6.1%
TOTAL 100.0%
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 27
HIGH YIELD ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
Corporate bonds 97.7%     $42,097,244
(Cost $41,605,229)          
Communication services 14.2%     6,111,846
Diversified telecommunication services 3.4%      
Cablevision Lightpath LLC (A) 5.625 09-15-28   201,000 200,336
Cogent Communications Group LLC (A) 6.500 07-01-32   24,000 23,520
Cogent Communications Group LLC (A) 7.000 06-15-27   38,000 38,086
Connect Finco SARL (A) 9.000 09-15-29   200,000 201,962
Embarq LLC 7.995 06-01-36   64,000 31,451
Fibercop SpA (A) 7.200 07-18-36   230,000 227,746
Frontier Communications Holdings LLC (A) 6.750 05-01-29   96,000 96,918
Level 3 Financing, Inc. (A) 3.625 01-15-29   165,000 140,250
Level 3 Financing, Inc. (A) 6.875 06-30-33   126,000 127,683
Lumen Technologies, Inc. (A) 4.500 01-15-29   31,000 28,154
Qwest Corp. 7.250 09-15-25   44,000 44,042
Telesat Canada (A) 4.875 06-01-27   61,000 37,668
Telesat Canada (A) 6.500 10-15-27   46,000 17,250
Windstream Services LLC (A) 8.250 10-01-31   77,000 80,611
Zayo Group Holdings, Inc. (A) 4.000 03-01-27   63,000 59,842
Zayo Group Holdings, Inc. (A) 6.125 03-01-28   117,000 105,727
Entertainment 1.2%      
AMC Entertainment Holdings, Inc. (A) 7.500 02-15-29   73,000 62,197
Cinemark USA, Inc. (A) 7.000 08-01-32   20,000 20,652
Playtika Holding Corp. (A) 4.250 03-15-29   32,000 29,260
Univision Communications, Inc. (A) 8.500 07-31-31   187,000 189,912
WarnerMedia Holdings, Inc. 4.279 03-15-32   270,000 226,730
Interactive media and services 0.5%      
Arches Buyer, Inc. (A) 4.250 06-01-28   22,000 21,189
GoTo Group, Inc. (A) 5.500 05-01-28   14,000 11,786
GoTo Group, Inc. (A) 5.500 05-01-28   17,000 5,780
Match Group Holdings II LLC (A) 4.125 08-01-30   47,000 43,833
Match Group Holdings II LLC (A) 5.625 02-15-29   86,000 85,730
ZoomInfo Technologies LLC (A) 3.875 02-01-29   41,000 38,544
Media 8.3%      
Altice France Holding SA (A) 6.000 02-15-28   200,000 73,500
Altice France SA (A) 5.500 01-15-28   230,000 204,413
AMC Networks, Inc. 4.250 02-15-29   2,000 1,601
AMC Networks, Inc. (A) 10.500 07-15-32   55,000 55,963
Cable One, Inc. (A) 4.000 11-15-30   43,000 33,112
CCO Holdings LLC 4.500 05-01-32   378,000 342,984
CCO Holdings LLC (A) 4.750 02-01-32   338,000 312,434
Clear Channel Outdoor Holdings, Inc. (A) 7.750 04-15-28   54,000 50,992
Clear Channel Outdoor Holdings, Inc. (A) 7.875 04-01-30   29,000 29,864
CMG Media Corp. (A) 8.875 06-18-29   85,000 82,467
CSC Holdings LLC (A) 5.500 04-15-27   200,000 193,584
CSC Holdings LLC (A) 5.750 01-15-30   280,000 138,051
CSC Holdings LLC (A) 11.250 05-15-28   215,000 216,119
Directv Financing LLC (A) 10.000 02-15-31   179,000 172,623
DISH DBS Corp. 5.125 06-01-29   127,000 94,293
DISH DBS Corp. (A) 5.250 12-01-26   107,000 100,711
DISH DBS Corp. 7.750 07-01-26   62,000 55,103
DISH Network Corp. (A) 11.750 11-15-27   78,000 81,232
Getty Images, Inc. (A) 9.750 03-01-27   30,000 29,213
Gray Media, Inc. (A) 10.500 07-15-29   51,000 55,192
iHeartCommunications, Inc. (A) 9.125 05-01-29   41,950 34,992
28 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Communication services (continued)      
Media (continued)      
iHeartCommunications, Inc. (A) 10.875 05-01-30   51,000 $25,261
Lamar Media Corp. 4.875 01-15-29   47,000 46,157
Neptune Bidco US, Inc. (A) 9.290 04-15-29   110,000 106,456
Nexstar Media, Inc. (A) 4.750 11-01-28   66,000 64,148
Outfront Media Capital LLC (A) 4.625 03-15-30   63,000 59,806
Paramount Global (6.250% to 2-28-27, then 3 month LIBOR + 3.899%) 6.250 02-28-57   90,000 86,738
Scripps Escrow II, Inc. (A) 3.875 01-15-29   24,000 21,307
Scripps Escrow II, Inc. (A) 5.375 01-15-31   25,000 18,286
Scripps Escrow, Inc. (A) 5.875 07-15-27   21,000 20,974
Sinclair Television Group, Inc. (A) 5.500 03-01-30   47,000 38,819
Sirius XM Radio LLC (A) 4.125 07-01-30   277,000 252,689
TEGNA, Inc. 5.000 09-15-29   89,000 85,550
The EW Scripps Company (A) 9.875 08-15-30   44,000 43,725
Vmed O2 UK Financing I PLC (A) 4.750 07-15-31   200,000 185,034
VZ Secured Financing BV (A) 5.000 01-15-32   200,000 175,889
Wireless telecommunication services 0.8%      
Rogers Communications, Inc. (7.125% to 4-15-35, then 5 Year CMT + 2.620%) 7.125 04-15-55   96,000 98,237
Vodafone Group PLC (5.125% to 6-4-51, then 5 Year CMT + 3.073% to 6-4-71, then 5 Year CMT + 3.823%) 5.125 06-04-81   295,000 227,468
Consumer discretionary 15.5%     6,695,949
Automobile components 1.7%      
Adient Global Holdings, Ltd. (A) 7.500 02-15-33   62,000 63,225
American Axle & Manufacturing, Inc. 6.875 07-01-28   65,000 64,751
Clarios Global LP (A) 6.750 02-15-30   125,000 128,879
Dealer Tire LLC (A) 8.000 02-01-28   40,000 39,162
Dornoch Debt Merger Sub, Inc. (A) 6.625 10-15-29   20,000 15,785
Garrett Motion Holdings, Inc. (A) 7.750 05-31-32   29,000 30,095
Phinia, Inc. (A) 6.750 04-15-29   74,000 76,153
Real Hero Merger Sub 2, Inc. (A) 6.250 02-01-29   35,000 24,052
Tenneco, Inc. (A) 8.000 11-17-28   92,000 91,314
The Goodyear Tire & Rubber Company 5.625 04-30-33   113,000 106,050
The Goodyear Tire & Rubber Company 6.625 07-15-30   106,000 107,859
Automobiles 0.5%      
Nissan Motor Acceptance Company LLC (A) 1.850 09-16-26   178,000 170,801
Rivian Holdings LLC (A) 10.000 01-15-31   26,000 24,743
Thor Industries, Inc. (A) 4.000 10-15-29   27,000 25,334
Broadline retail 0.9%      
Kohl’s Corp. 5.550 07-17-45   49,000 27,557
Kohl’s Corp. (A) 10.000 06-01-30   21,000 21,811
Macy’s Retail Holdings LLC (A) 6.125 03-15-32   24,000 22,979
Macy’s Retail Holdings LLC (A) 6.700 07-15-34   15,000 12,951
Nordstrom, Inc. 4.000 03-15-27   35,000 34,240
Nordstrom, Inc. 4.250 08-01-31   24,000 20,795
Rakuten Group, Inc. (A) 9.750 04-15-29   200,000 218,983
Wand NewCo 3, Inc. (A) 7.625 01-30-32   40,000 41,999
Distributors 0.1%      
American Builders & Contractors Supply Company, Inc. (A) 3.875 11-15-29   53,000 49,950
Diversified consumer services 0.4%      
Adtalem Global Education, Inc. (A) 5.500 03-01-28   149,000 147,209
StoneMor, Inc. (A) 8.500 05-15-29   26,000 24,526
Hotels, restaurants and leisure 6.7%      
Affinity Interactive (A) 6.875 12-15-27   35,000 19,286
Caesars Entertainment, Inc. (A) 4.625 10-15-29   50,000 47,252
Caesars Entertainment, Inc. (A) 7.000 02-15-30   208,000 214,559
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 29
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)      
Hotels, restaurants and leisure (continued)      
Carnival Corp. (A) 5.750 03-15-30   33,000 $33,472
Carnival Corp. (A) 5.750 08-01-32   94,000 94,636
Carnival Corp. (A) 6.000 05-01-29   92,000 92,816
Carnival Corp. (A) 6.125 02-15-33   61,000 62,082
CCM Merger, Inc. (A) 6.375 05-01-26   63,000 62,981
Churchill Downs, Inc. (A) 5.750 04-01-30   63,000 62,844
Fertitta Entertainment LLC (A) 4.625 01-15-29   45,000 42,781
Fertitta Entertainment LLC (A) 6.750 01-15-30   42,000 39,515
Hilton Domestic Operating Company, Inc. (A) 6.125 04-01-32   190,000 193,772
Jacobs Entertainment, Inc. (A) 6.750 02-15-29   46,000 44,850
Light & Wonder International, Inc. (A) 7.250 11-15-29   104,000 106,797
MGM Resorts International 6.500 04-15-32   115,000 116,809
Midwest Gaming Borrower LLC (A) 4.875 05-01-29   45,000 43,355
Motion Bondco DAC (A) 6.625 11-15-27   200,000 189,763
NCL Corp., Ltd. (A) 6.250 03-01-30   127,000 128,526
NCL Corp., Ltd. (A) 8.125 01-15-29   82,000 86,144
New Red Finance, Inc. (A) 4.000 10-15-30   48,000 44,473
New Red Finance, Inc. (A) 5.625 09-15-29   100,000 100,597
New Red Finance, Inc. (A) 6.125 06-15-29   66,000 67,457
Penn Entertainment, Inc. (A) 4.125 07-01-29   27,000 25,025
Raising Cane’s Restaurants LLC (A) 9.375 05-01-29   12,000 12,661
Resorts World Las Vegas LLC (A) 4.625 04-16-29   200,000 177,888
Rivers Enterprise Borrower LLC (A) 6.625 02-01-33   25,000 25,241
Sabre GLBL, Inc. (A) 10.750 11-15-29   74,000 76,218
Scientific Games Holdings LP (A) 6.625 03-01-30   73,000 70,325
Station Casinos LLC (A) 4.625 12-01-31   37,000 34,626
Travel + Leisure Company (A) 4.625 03-01-30   19,000 18,209
Viking Cruises, Ltd. (A) 7.000 02-15-29   62,000 62,477
Viking Cruises, Ltd. (A) 9.125 07-15-31   59,000 63,479
Viking Ocean Cruises Ship VII, Ltd. (A) 5.625 02-15-29   64,000 63,575
Wynn Las Vegas LLC (A) 5.250 05-15-27   17,000 16,969
Wynn Resorts Finance LLC (A) 7.125 02-15-31   119,000 126,569
Yum! Brands, Inc. 3.625 03-15-31   87,000 80,190
Yum! Brands, Inc. 6.875 11-15-37   125,000 134,378
Household durables 1.9%      
Beazer Homes USA, Inc. (A) 7.500 03-15-31   38,000 38,431
Brookfield Residential Properties, Inc. (A) 5.000 06-15-29   46,000 42,836
Century Communities, Inc. (A) 3.875 08-15-29   27,000 24,890
Empire Communities Corp. (A) 9.750 05-01-29   50,000 50,991
KB Home 4.000 06-15-31   101,000 92,709
M/I Homes, Inc. 3.950 02-15-30   69,000 63,930
Newell Brands, Inc. 6.625 05-15-32   115,000 109,978
Newell Brands, Inc. 7.000 04-01-46   29,000 24,886
Shea Homes LP 4.750 04-01-29   35,000 33,871
Taylor Morrison Communities, Inc. (A) 5.750 01-15-28   150,000 151,246
The New Home Company, Inc. (A) 8.500 11-01-30   50,000 51,049
TopBuild Corp. (A) 4.125 02-15-32   30,000 27,649
Whirlpool Corp. 4.600 05-15-50   45,000 33,506
Whirlpool Corp. 5.500 03-01-33   30,000 28,675
Whirlpool Corp. 6.125 06-15-30   30,000 29,928
Leisure products 0.1%      
MajorDrive Holdings IV LLC (A) 6.375 06-01-29   31,000 25,571
Specialty retail 2.8%      
Advance Auto Parts, Inc. 3.500 03-15-32   15,000 12,814
Advance Auto Parts, Inc. (A) 7.000 08-01-30   45,000 45,229
30 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)      
Specialty retail (continued)      
Advance Auto Parts, Inc. (A) 7.375 08-01-33   45,000 $45,241
Asbury Automotive Group, Inc. (A) 5.000 02-15-32   87,000 82,294
Bath & Body Works, Inc. 6.875 11-01-35   61,000 62,768
Bath & Body Works, Inc. 6.950 03-01-33   82,000 84,301
BCPE Ulysses Intermediate, Inc. (7.750% Cash or 8.500% PIK) (A) 7.750 04-01-27   32,000 31,995
Cougar JV Subsidiary LLC (A) 8.000 05-15-32   44,000 46,536
Lithia Motors, Inc. (A) 4.375 01-15-31   94,000 88,420
Mavis Tire Express Services Topco Corp. (A) 6.500 05-15-29   60,000 59,284
Penske Automotive Group, Inc. 3.750 06-15-29   20,000 18,932
PetSmart, Inc. (A) 7.750 02-15-29   250,000 244,646
Sally Holdings LLC 6.750 03-01-32   50,000 51,317
Sonic Automotive, Inc. (A) 4.875 11-15-31   98,000 92,364
Specialty Building Products Holdings LLC (A) 7.750 10-15-29   22,000 21,560
Staples, Inc. (A) 10.750 09-01-29   163,000 152,839
Staples, Inc. (A) 12.750 01-15-30   30,000 20,984
The Michaels Companies, Inc. (A) 5.250 05-01-28   53,000 42,028
The Michaels Companies, Inc. (A) 7.875 05-01-29   38,000 25,204
Textiles, apparel and luxury goods 0.4%      
Hanesbrands, Inc. (A) 9.000 02-15-31   40,000 42,100
Under Armour, Inc. (A) 7.250 07-15-30   88,000 89,784
VF Corp. 2.950 04-23-30   37,000 31,363
Consumer staples 3.7%     1,589,174
Beverages 0.1%      
Primo Water Holdings, Inc. (A) 4.375 04-30-29   33,000 31,832
Consumer staples distribution and retail 1.4%      
Albertsons Companies, Inc. (A) 4.875 02-15-30   44,000 42,888
Albertsons Companies, Inc. (A) 5.875 02-15-28   127,000 126,900
Arko Corp. (A) 5.125 11-15-29   15,000 12,297
C&S Group Enterprises LLC (A) 5.000 12-15-28   13,000 11,626
KeHE Distributors LLC (A) 9.000 02-15-29   53,000 55,311
Performance Food Group, Inc. (A) 5.500 10-15-27   85,000 84,869
Safeway, Inc. 7.250 02-01-31   45,000 48,193
United Natural Foods, Inc. (A) 6.750 10-15-28   29,000 28,877
US Foods, Inc. (A) 7.250 01-15-32   153,000 159,405
Walgreens Boots Alliance, Inc. 4.100 04-15-50   40,000 34,249
Walgreens Boots Alliance, Inc. 8.125 08-15-29   17,000 18,248
Food products 1.5%      
B&G Foods, Inc. (A) 8.000 09-15-28   42,000 39,270
Darling Ingredients, Inc. (A) 5.250 04-15-27   40,000 39,944
Lamb Weston Holdings, Inc. (A) 4.375 01-31-32   177,000 165,382
Pilgrim’s Pride Corp. 3.500 03-01-32   99,000 88,907
Post Holdings, Inc. (A) 4.500 09-15-31   123,000 113,691
Post Holdings, Inc. (A) 4.625 04-15-30   137,000 130,863
TreeHouse Foods, Inc. 4.000 09-01-28   16,000 14,797
Viking Baked Goods Acquisition Corp. (A) 8.625 11-01-31   32,000 31,377
Household products 0.2%      
Energizer Holdings, Inc. (A) 4.375 03-31-29   18,000 17,065
Energizer Holdings, Inc. (A) 6.500 12-31-27   37,000 37,540
Kronos Acquisition Holdings, Inc. (A) 10.750 06-30-32   55,000 36,918
Personal care products 0.5%      
HLF Financing Sarl LLC (A) 4.875 06-01-29   25,000 20,834
HLF Financing Sarl LLC (A) 12.250 04-15-29   35,000 37,930
Perrigo Finance Unlimited Company 4.900 12-15-44   200,000 159,961
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 31
  Rate (%) Maturity date   Par value^ Value
Energy 9.7%     $4,197,106
Energy equipment and services 1.2%      
Archrock Partners LP (A) 6.625 09-01-32   62,000 62,919
Nabors Industries, Inc. (A) 7.375 05-15-27   107,000 107,990
Nabors Industries, Inc. (A) 8.875 08-15-31   63,000 50,512
Nabors Industries, Ltd. (A) 7.500 01-15-28   52,000 47,985
Noble Finance II LLC (A) 8.000 04-15-30   23,000 23,459
Transocean Titan Financing, Ltd. (A) 8.375 02-01-28   83,238 85,306
Transocean, Inc. (A) 8.500 05-15-31   71,000 65,232
Transocean, Inc. (A) 8.750 02-15-30   45,600 47,277
Weatherford International, Ltd. (A) 8.625 04-30-30   29,000 29,792
Oil, gas and consumable fuels 8.5%      
Ascent Resources Utica Holdings LLC (A) 6.625 10-15-32   104,000 105,790
Baytex Energy Corp. (A) 8.500 04-30-30   85,000 86,500
Buckeye Partners LP 5.600 10-15-44   40,000 33,733
CITGO Petroleum Corp. (A) 8.375 01-15-29   210,000 217,771
Civitas Resources, Inc. (A) 8.750 07-01-31   265,000 268,270
Comstock Resources, Inc. (A) 6.750 03-01-29   41,000 40,273
CQP Holdco LP (A) 5.500 06-15-31   250,000 244,229
Delek Logistics Partners LP (A) 7.375 06-30-33   80,000 79,083
Energy Transfer LP (7.125% to 10-1-29, then 5 Year CMT + 2.829%) 7.125 10-01-54   64,000 65,627
Hess Midstream Operations LP (A) 6.500 06-01-29   137,000 141,124
Hilcorp Energy I LP (A) 8.375 11-01-33   271,000 282,795
ITT Holdings LLC (A) 6.500 08-01-29   22,000 20,955
Kinetik Holdings LP (A) 6.625 12-15-28   29,000 29,659
Murphy Oil Corp. 5.875 12-01-42   50,000 40,851
NFE Financing LLC (A) 12.000 11-15-29   112,000 39,678
NGL Energy Operating LLC (A) 8.125 02-15-29   42,000 41,562
NGL Energy Operating LLC (A) 8.375 02-15-32   42,000 41,084
Northriver Midstream Finance LP (A) 6.750 07-15-32   86,000 87,558
Permian Resources Operating LLC (A) 7.000 01-15-32   212,000 218,915
Prairie Acquiror LP (A) 9.000 08-01-29   49,000 50,754
SM Energy Company (A) 6.750 08-01-29   164,000 164,130
Summit Midstream Holdings LLC (A) 8.625 10-31-29   51,000 51,945
Sunoco LP (A) 7.000 09-15-28   62,000 63,859
Sunoco LP (A) 7.250 05-01-32   62,000 64,976
Tallgrass Energy Partners LP (A) 6.000 12-31-30   108,000 105,813
Transocean Aquila, Ltd. (A) 8.000 09-30-28   128,831 130,460
Venture Global Calcasieu Pass LLC (A) 3.875 11-01-33   121,000 105,577
Venture Global Calcasieu Pass LLC (A) 6.250 01-15-30   195,000 200,267
Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (A)(B) 9.000 09-30-29   67,000 67,017
Venture Global LNG, Inc. (A) 9.875 02-01-32   416,000 448,841
Vital Energy, Inc. (A) 7.750 07-31-29   46,000 41,855
Vital Energy, Inc. 9.750 10-15-30   102,000 95,683
Financials 12.6%     5,410,130
Banks 0.7%      
Banc of California (3.250% to 5-1-26, then 3 month CME Term SOFR + 2.520%) 3.250 05-01-31   100,000 89,290
Citigroup, Inc. (6.875% to 8-15-30, then 5 Year CMT + 2.890%) (B) 6.875 08-15-30   160,000 161,360
Park River Holdings, Inc. (A) 6.750 08-01-29   13,000 11,348
Valley National Bancorp (3.000% to 6-15-26, then 3 month CME Term SOFR + 2.360%) 3.000 06-15-31   61,000 54,532
Capital markets 2.4%      
AG Issuer LLC (A) 6.250 03-01-28   89,000 88,906
Aretec Group, Inc. (A) 10.000 08-15-30   97,000 105,771
Coinbase Global, Inc. (A) 3.375 10-01-28   97,000 91,265
Focus Financial Partners LLC (A) 6.750 09-15-31   126,000 128,761
Jane Street Group (A) 6.750 05-01-33   183,000 187,279
Jane Street Group (A) 7.125 04-30-31   62,000 64,035
32 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)      
Capital markets (continued)      
Jefferies Finance LLC (A) 6.625 10-15-31   260,000 $258,679
Stonex Escrow Issuer LLC (A) 6.875 07-15-32   82,000 83,473
Consumer finance 1.4%      
Bread Financial Holdings, Inc. (8.375% to 6-15-30, then 5 Year CMT + 4.300%) (A) 8.375 06-15-35   30,000 30,988
Bread Financial Holdings, Inc. (A) 9.750 03-15-29   47,000 50,420
Credit Acceptance Corp. (A) 6.625 03-15-30   126,000 127,596
FirstCash, Inc. (A) 5.625 01-01-30   26,000 25,731
OneMain Finance Corp. 5.375 11-15-29   87,000 85,307
OneMain Finance Corp. 6.750 03-15-32   231,000 234,394
PRA Group, Inc. (A) 5.000 10-01-29   32,000 29,565
Synchrony Financial 7.250 02-02-33   32,000 33,628
Financial services 3.7%      
CI Financial Corp. (A) 7.500 05-30-29   80,000 84,516
Cobra AcquisitionCo LLC (A) 12.250 11-01-29   49,000 50,960
Compass Group Diversified Holdings LLC (A) 5.250 04-15-29   47,000 43,662
Freedom Mortgage Corp. (A) 12.250 10-01-30   223,000 246,670
Icahn Enterprises LP 5.250 05-15-27   101,000 98,400
Icahn Enterprises LP 9.000 06-15-30   30,000 29,137
Midcap Financial Issuer Trust (A) 6.500 05-01-28   245,000 242,888
Mobius Merger Sub, Inc. (A) 9.000 06-01-30   8,000 7,341
Nationstar Mortgage Holdings, Inc. (A) 5.500 08-15-28   113,000 112,848
Osaic Holdings, Inc. (A) 6.750 08-01-32   40,000 40,482
PennyMac Financial Services, Inc. (A) 6.875 05-15-32   83,000 84,564
Prospect Capital Corp. 3.364 11-15-26   22,000 21,091
Rocket Companies, Inc. (A) 6.125 08-01-30   83,000 84,158
Rocket Mortgage LLC (A) 2.875 10-15-26   82,000 79,956
Rocket Mortgage LLC (A) 3.875 03-01-31   187,000 172,492
Shift4 Payments LLC (A) 6.750 08-15-32   115,000 118,794
VFH Parent LLC (A) 7.500 06-15-31   53,000 55,144
Insurance 3.4%      
Acrisure LLC (A) 7.500 11-06-30   350,000 361,578
Alliant Holdings Intermediate LLC (A) 7.000 01-15-31   288,000 296,142
AmWINS Group, Inc. (A) 4.875 06-30-29   127,000 123,353
Assurant, Inc. (7.000% to 3-27-28, then 3 month LIBOR + 4.135%) 7.000 03-27-48   22,000 22,471
Augustar Life Insurance Company (A) 6.875 06-15-42   142,000 128,838
Global Atlantic Financial Company (4.700% to 10-15-26, then 5 Year CMT + 3.796%) (A) 4.700 10-15-51   86,000 84,183
HUB International, Ltd. (A) 7.375 01-31-32   158,000 164,517
Liberty Mutual Group, Inc. (4.125% to 12-15-26, then 5 Year CMT + 3.315%) (A) 4.125 12-15-51   60,000 58,387
Panther Escrow Issuer LLC (A) 7.125 06-01-31   163,000 168,558
SBL Holdings, Inc. (6.500% to 11-13-26, then 5 Year CMT + 5.620%) (A)(B) 6.500 11-13-26   55,000 51,173
Mortgage real estate investment trusts 1.0%      
Apollo Commercial Real Estate Finance, Inc. (A) 4.625 06-15-29   16,000 15,197
Arbor Realty SR, Inc. (A) 7.875 07-15-30   70,000 71,484
Blackstone Mortgage Trust, Inc. (A) 7.750 12-01-29   32,000 33,827
Ladder Capital Finance Holdings LLLP (A) 7.000 07-15-31   80,000 83,786
Rithm Capital Corp. (A) 8.000 07-15-30   76,000 77,370
Starwood Property Trust, Inc. (A) 6.500 07-01-30   55,000 56,572
Starwood Property Trust, Inc. (A) 7.250 04-01-29   93,000 97,263
Health care 8.2%     3,533,527
Biotechnology 0.3%      
Emergent BioSolutions, Inc. (A) 3.875 08-15-28   27,000 20,715
Select Medical Corp. (A) 6.250 12-01-32   30,000 29,922
Star Parent, Inc. (A) 9.000 10-01-30   49,000 51,528
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 33
  Rate (%) Maturity date   Par value^ Value
Health care (continued)      
Health care equipment and supplies 1.2%      
Bausch + Lomb Corp. (A) 8.375 10-01-28   33,000 $34,406
Embecta Corp. (A) 5.000 02-15-30   23,000 20,860
Insulet Corp. (A) 6.500 04-01-33   14,000 14,391
Medline Borrower LP (A) 3.875 04-01-29   183,000 174,523
Medline Borrower LP (A) 5.250 10-01-29   269,000 263,744
Sotera Health Holdings LLC (A) 7.375 06-01-31   23,000 23,793
Health care providers and services 4.7%      
Acadia Healthcare Company, Inc. (A) 5.000 04-15-29   44,000 42,517
Acadia Healthcare Company, Inc. (A) 7.375 03-15-33   41,000 42,213
AdaptHealth LLC (A) 5.125 03-01-30   108,000 101,520
AthenaHealth Group, Inc. (A) 6.500 02-15-30   35,000 34,407
Centene Corp. 3.375 02-15-30   61,000 54,921
Community Health Systems, Inc. (A) 5.250 05-15-30   50,000 43,739
Community Health Systems, Inc. (A) 5.625 03-15-27   140,000 140,220
Community Health Systems, Inc. (A) 6.875 04-15-29   32,000 24,880
Community Health Systems, Inc. (A) 10.875 01-15-32   55,000 57,661
Concentra Health Services, Inc. (A) 6.875 07-15-32   27,000 27,742
CVS Health Corp. (6.750% to 12-10-34, then 5 Year CMT + 2.516%) 6.750 12-10-54   86,000 86,071
DaVita, Inc. (A) 4.625 06-01-30   243,000 231,727
Global Medical Response, Inc. (8.750% Cash and 0.750% PIK) (A) 9.500 10-31-28   86,404 86,100
LifePoint Health, Inc. (A) 5.375 01-15-29   67,000 62,980
LifePoint Health, Inc. (A) 9.875 08-15-30   97,000 104,545
Molina Healthcare, Inc. (A) 3.875 11-15-30   62,000 55,984
Molina Healthcare, Inc. (A) 6.250 01-15-33   42,000 41,438
MPH Acquisition Holdings LLC (A) 5.750 12-31-30   75,030 61,825
MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK) (A) 11.500 12-31-30   29,707 29,336
Owens & Minor, Inc. (A) 6.625 04-01-30   68,000 61,234
Pediatrix Medical Group, Inc. (A) 5.375 02-15-30   15,000 14,689
Radiology Partners, Inc. (A) 8.500 07-15-32   30,000 30,312
Radiology Partners, Inc. (0.000% Cash and 9.781% PIK) (A) 9.781 02-15-30   49,075 48,462
Surgery Center Holdings, Inc. (A) 7.250 04-15-32   45,000 46,269
Team Health Holdings, Inc. (A) 8.375 06-30-28   43,000 43,220
Team Health Holdings, Inc. (9.000% Cash and 4.500% PIK) (A) 13.500 06-30-28   37,297 40,234
Tenet Healthcare Corp. 4.375 01-15-30   104,000 99,990
Tenet Healthcare Corp. 6.750 05-15-31   82,000 84,374
Tenet Healthcare Corp. 6.875 11-15-31   178,000 189,649
US Renal Care, Inc. (A) 10.625 06-28-28   38,000 33,345
Life sciences tools and services 0.0%      
IQVIA, Inc. (A) 6.250 06-01-32   4,000 4,102
Pharmaceuticals 2.0%      
Amneal Pharmaceuticals LLC (A) 6.875 08-01-32   45,000 45,674
Bausch Health Americas, Inc. (A) 8.500 01-31-27   36,000 35,685
Bausch Health Americas, Inc. (A) 9.250 04-01-26   141,000 141,212
Bausch Health Companies, Inc. (A) 6.250 02-15-29   89,000 64,525
Bausch Health Companies, Inc. (A) 10.000 04-15-32   250,000 254,522
Bausch Health Companies, Inc. (A) 11.000 09-30-28   38,000 39,045
Mallinckrodt International Finance SA (A) 14.750 11-14-28   68,000 69,446
Organon & Company (A) 7.875 05-15-34   250,000 223,830
Industrials 12.9%     5,560,158
Aerospace and defense 3.0%      
ATI, Inc. 5.125 10-01-31   35,000 33,976
Bombardier, Inc. (A) 6.750 06-15-33   188,000 193,230
Bombardier, Inc. (A) 8.750 11-15-30   39,000 41,969
Goat Holdco LLC (A) 6.750 02-01-32   50,000 50,403
Spirit AeroSystems, Inc. (A) 9.750 11-15-30   192,000 211,162
34 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)      
Aerospace and defense (continued)      
TransDigm, Inc. (A) 6.375 05-31-33   539,000 $542,406
TransDigm, Inc. (A) 6.875 12-15-30   209,000 216,602
Air freight and logistics 0.1%      
Rand Parent LLC (A) 8.500 02-15-30   24,000 24,133
Building products 1.2%      
Advanced Drainage Systems, Inc. (A) 5.000 09-30-27   43,000 42,553
Builders FirstSource, Inc. (A) 6.375 03-01-34   170,000 172,501
Camelot Return Merger Sub, Inc. (A) 8.750 08-01-28   37,000 33,902
CP Atlas Buyer, Inc. (A) 9.750 07-15-30   95,000 95,853
FXI Holdings, Inc. (A) 12.250 11-15-26   10,000 8,950
JELD-WEN, Inc. (A) 7.000 09-01-32   17,000 12,754
Masterbrand, Inc. (A) 7.000 07-15-32   33,000 33,536
Miter Brands Acquisition Holdco, Inc. (A) 6.750 04-01-32   25,000 25,525
MIWD Holdco II LLC (A) 5.500 02-01-30   27,000 25,700
Resideo Funding, Inc. (A) 4.000 09-01-29   25,000 23,382
Resideo Funding, Inc. (A) 6.500 07-15-32   27,000 27,390
Signal Parent, Inc. (A) 6.125 04-01-29   13,000 4,485
Wilsonart LLC (A) 11.000 08-15-32   9,000 8,282
Commercial services and supplies 1.2%      
GFL Environmental, Inc. (A) 4.000 08-01-28   62,000 60,090
GFL Environmental, Inc. (A) 6.750 01-15-31   126,000 130,579
The ADT Security Corp. (A) 4.125 08-01-29   110,000 105,229
The GEO Group, Inc. 8.625 04-15-29   112,000 118,913
The GEO Group, Inc. 10.250 04-15-31   100,000 109,943
Construction and engineering 0.7%      
APi Group DE, Inc. (A) 4.125 07-15-29   65,000 61,752
Brand Industrial Services, Inc. (A) 10.375 08-01-30   125,000 113,457
Brundage-Bone Concrete Pumping Holdings, Inc. (A) 7.500 02-01-32   39,000 38,821
Foundation Building Materials, Inc. (A) 6.000 03-01-29   28,000 26,261
Great Lakes Dredge & Dock Corp. (A) 5.250 06-01-29   31,000 29,363
Tutor Perini Corp. (A) 11.875 04-30-29   19,000 21,363
VM Consolidated, Inc. (A) 5.500 04-15-29   26,000 25,523
Electrical equipment 0.8%      
EMRLD Borrower LP (A) 6.625 12-15-30   83,000 84,628
EMRLD Borrower LP (A) 6.750 07-15-31   82,000 84,449
Sensata Technologies, Inc. (A) 3.750 02-15-31   177,000 161,494
Ground transportation 0.5%      
Avis Budget Car Rental LLC (A) 8.250 01-15-30   41,000 42,190
Avis Budget Car Rental LLC (A) 8.375 06-15-32   81,000 83,560
The Hertz Corp. (A) 4.625 12-01-26   83,000 75,073
The Hertz Corp. (A) 12.625 07-15-29   33,000 34,476
Machinery 1.2%      
Allison Transmission, Inc. (A) 3.750 01-30-31   46,000 42,041
Allison Transmission, Inc. (A) 5.875 06-01-29   29,000 29,185
Chart Industries, Inc. (A) 9.500 01-01-31   16,000 17,111
EquipmentShare.com, Inc. (A) 8.625 05-15-32   71,000 75,571
GrafTech Finance, Inc. (A) 4.625 12-23-29   44,000 31,254
GrafTech Global Enterprises, Inc. (A) 9.875 12-23-29   44,000 38,721
Husky Injection Molding Systems, Ltd. (A) 9.000 02-15-29   32,000 33,022
JB Poindexter & Company, Inc. (A) 8.750 12-15-31   64,000 65,455
Terex Corp. (A) 6.250 10-15-32   55,000 55,086
The Manitowoc Company, Inc. (A) 9.250 10-01-31   60,000 63,750
Titan International, Inc. 7.000 04-30-28   15,000 14,991
Trinity Industries, Inc. (A) 7.750 07-15-28   33,000 34,357
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 35
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)      
Marine transportation 0.6%      
Danaos Corp. (A) 8.500 03-01-28   200,000 $203,929
Dcli Bidco LLC (A) 7.750 11-15-29   47,000 47,974
Passenger airlines 1.1%      
American Airlines, Inc. (A) 5.750 04-20-29   296,000 295,896
JetBlue Airways Corp. (A) 9.875 09-20-31   20,000 19,337
Spirit Loyalty Cayman, Ltd. (8.000% Cash and 4.000% PIK) (A) 12.000 03-12-30   15,215 9,738
United Airlines, Inc. (A) 4.625 04-15-29   96,000 93,745
VistaJet Malta Finance PLC (A) 7.875 05-01-27   19,000 19,065
VistaJet Malta Finance PLC (A) 9.500 06-01-28   50,000 51,250
Professional services 0.6%      
Amentum Holdings, Inc. (A) 7.250 08-01-32   18,000 18,621
KBR, Inc. (A) 4.750 09-30-28   40,000 38,550
SS&C Technologies, Inc. (A) 6.500 06-01-32   164,000 168,631
TriNet Group, Inc. (A) 7.125 08-15-31   32,000 32,929
Trading companies and distributors 1.6%      
BlueLinx Holdings, Inc. (A) 6.000 11-15-29   17,000 16,547
FTAI Aviation Investors LLC (A) 7.875 12-01-30   100,000 106,027
Herc Holdings, Inc. (A) 7.250 06-15-33   143,000 148,097
QXO Building Products, Inc. (A) 6.750 04-30-32   86,000 88,561
United Rentals North America, Inc. 3.750 01-15-32   254,000 231,364
WESCO Distribution, Inc. (A) 6.375 03-15-29   99,000 101,544
Transportation infrastructure 0.3%      
Imola Merger Corp. (A) 4.750 05-15-29   136,000 131,951
Information technology 5.6%     2,416,931
Communications equipment 1.5%      
Ciena Corp. (A) 4.000 01-31-30   22,000 20,788
CommScope LLC (A) 8.250 03-01-27   43,000 43,099
CommScope LLC (A) 9.500 12-15-31   105,000 110,572
EchoStar Corp. (0.000% Cash and 6.750% PIK) 6.750 11-30-30   114,000 108,015
EchoStar Corp. 10.750 11-30-29   162,000 170,708
Hughes Satellite Systems Corp. 5.250 08-01-26   85,000 78,342
Hughes Satellite Systems Corp. 6.625 08-01-26   50,000 37,824
Viasat, Inc. (A) 5.625 04-15-27   30,000 29,855
Viasat, Inc. (A) 7.500 05-30-31   45,000 39,182
Electronic equipment, instruments and components 0.0%      
Zebra Technologies Corp. (A) 6.500 06-01-32   18,000 18,450
IT services 0.5%      
CoreWeave, Inc. (A) 9.250 06-01-30   62,000 62,313
Go Daddy Operating Company LLC (A) 3.500 03-01-29   148,000 138,912
Newfold Digital Holdings Group, Inc. (A) 6.000 02-15-29   12,000 7,232
Newfold Digital Holdings Group, Inc. (A) 11.750 10-15-28   9,000 6,525
Science Applications International Corp. (A) 4.875 04-01-28   21,000 20,657
Semiconductors and semiconductor equipment 0.8%      
Entegris, Inc. (A) 4.750 04-15-29   129,000 126,360
Kioxia Holdings Corp. (A) 6.625 07-24-33   200,000 197,905
Software 2.4%      
Capstone Borrower, Inc. (A) 8.000 06-15-30   127,000 131,981
Cloud Software Group, Inc. (A) 6.500 03-31-29   168,000 169,661
Cloud Software Group, Inc. (A) 9.000 09-30-29   205,000 212,147
Ellucian Holdings, Inc. (A) 6.500 12-01-29   21,000 21,273
Gen Digital, Inc. (A) 6.250 04-01-33   83,000 84,617
McAfee Corp. (A) 7.375 02-15-30   92,000 85,301
NCR Voyix Corp. (A) 5.125 04-15-29   69,000 67,622
Open Text Holdings, Inc. (A) 4.125 12-01-31   157,000 142,878
36 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Information technology (continued)      
Software (continued)      
Rocket Software, Inc. (A) 6.500 02-15-29   22,000 $21,391
UKG, Inc. (A) 6.875 02-01-31   102,000 104,720
Technology hardware, storage and peripherals 0.4%      
Seagate Data Storage Technology Pte, Ltd. (A) 4.125 01-15-31   122,000 107,673
Xerox Holdings Corp. (A) 5.500 08-15-28   77,000 50,928
Materials 8.9%     3,840,652
Chemicals 2.8%      
Celanese US Holdings LLC 6.750 04-15-33   160,000 161,374
Consolidated Energy Finance SA (A) 5.625 10-15-28   150,000 125,607
CVR Partners LP (A) 6.125 06-15-28   30,000 29,779
FMC Corp. (8.450% to 11-1-30, then 5 Year CMT + 4.366%) 8.450 11-01-55   25,000 25,846
Ingevity Corp. (A) 3.875 11-01-28   18,000 17,129
LSB Industries, Inc. (A) 6.250 10-15-28   43,000 42,270
Methanex Corp. 5.650 12-01-44   59,000 45,971
Minerals Technologies, Inc. (A) 5.000 07-01-28   31,000 30,517
NOVA Chemicals Corp. (A) 7.000 12-01-31   158,000 164,937
NOVA Chemicals Corp. (A) 9.000 02-15-30   31,000 33,311
Nufarm Australia, Ltd. (A) 5.000 01-27-30   55,000 51,024
SCIH Salt Holdings, Inc. (A) 4.875 05-01-28   39,000 37,868
SK Invictus Intermediate II Sarl (A) 5.000 10-30-29   57,000 55,411
SNF Group SACA (A) 3.375 03-15-30   243,000 223,148
The Chemours Company (A) 8.000 01-15-33   68,000 63,255
The Scotts Miracle-Gro Company 4.500 10-15-29   25,000 23,955
WR Grace Holdings LLC (A) 5.625 08-15-29   92,000 84,817
Construction materials 1.3%      
Knife River Corp. (A) 7.750 05-01-31   24,000 25,182
Oscar AcquisitionCo LLC (A) 9.500 04-15-30   17,000 12,904
Quikrete Holdings, Inc. (A) 6.375 03-01-32   74,000 75,894
Quikrete Holdings, Inc. (A) 6.750 03-01-33   90,000 92,306
Smyrna Ready Mix Concrete LLC (A) 8.875 11-15-31   113,000 118,920
Standard Building Solutions, Inc. (A) 6.500 08-15-32   211,000 215,464
Containers and packaging 2.7%      
Ardagh Metal Packaging Finance USA LLC (A) 4.000 09-01-29   249,000 226,801
Ball Corp. 2.875 08-15-30   133,000 119,473
Clydesdale Acquisition Holdings, Inc. (A) 6.875 01-15-30   95,000 97,150
Clydesdale Acquisition Holdings, Inc. (A) 8.750 04-15-30   58,000 59,194
Crown Americas LLC (A) 5.875 06-01-33   93,000 93,173
Graham Packaging Company, Inc. (A) 7.125 08-15-28   37,000 36,943
Graphic Packaging International LLC (A) 3.750 02-01-30   138,000 128,976
Iris Holding, Inc. (A) 10.000 12-15-28   12,000 11,154
LABL, Inc. (A) 5.875 11-01-28   126,000 111,777
LABL, Inc. (A) 10.500 07-15-27   35,000 32,994
Mauser Packaging Solutions Holding Company (A) 7.875 04-15-27   77,000 77,672
Owens-Brockway Glass Container, Inc. (A) 7.375 06-01-32   63,000 63,476
Sealed Air Corp. (A) 6.125 02-01-28   60,000 60,574
Trident TPI Holdings, Inc. (A) 12.750 12-31-28   42,000 44,931
Metals and mining 1.9%      
Alumina Pty, Ltd. (A) 6.375 09-15-32   216,000 219,020
Arsenal AIC Parent LLC (A) 8.000 10-01-30   36,000 38,160
Cleveland-Cliffs, Inc. (A) 6.875 11-01-29   73,000 73,035
Cleveland-Cliffs, Inc. (A) 7.375 05-01-33   36,000 35,048
Commercial Metals Company 3.875 02-15-31   46,000 42,362
Fortescue Treasury Pty, Ltd. (A) 4.375 04-01-31   51,000 47,782
Kaiser Aluminum Corp. (A) 4.500 06-01-31   32,000 29,843
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 37
  Rate (%) Maturity date   Par value^ Value
Materials (continued)      
Metals and mining (continued)      
Novelis Corp. (A) 4.750 01-30-30   80,000 $76,632
Samarco Mineracao SA (0.000% Cash and 9.000% PIK) (A) 9.000 06-30-31   137,956 136,625
SunCoke Energy, Inc. (A) 4.875 06-30-29   137,000 125,282
Vibrantz Technologies, Inc. (A) 9.000 02-15-30   10,000 6,400
Paper and forest products 0.2%      
Clearwater Paper Corp. (A) 4.750 08-15-28   18,000 16,965
Domtar Corp. (A) 6.750 10-01-28   19,000 16,551
Magnera Corp. (A) 4.750 11-15-29   17,000 15,025
Magnera Corp. (A) 7.250 11-15-31   24,000 22,590
Mercer International, Inc. (A) 12.875 10-01-28   18,000 18,155
Real estate 3.4%     1,442,320
Diversified REITs 0.1%      
Global Net Lease, Inc. (A) 3.750 12-15-27   50,000 47,655
Health care REITs 0.3%      
Diversified Healthcare Trust 4.750 02-15-28   14,000 12,961
MPT Operating Partnership LP 3.500 03-15-31   61,000 41,507
MPT Operating Partnership LP 4.625 08-01-29   37,000 28,125
MPT Operating Partnership LP (A) 8.500 02-15-32   49,000 50,931
Hotel and resort REITs 0.3%      
Service Properties Trust 3.950 01-15-28   55,000 51,276
Service Properties Trust 4.950 10-01-29   25,000 21,991
Service Properties Trust 8.375 06-15-29   41,000 42,484
Service Properties Trust 8.875 06-15-32   21,000 21,958
Office REITs 0.1%      
Hudson Pacific Properties LP 3.950 11-01-27   28,000 26,462
Real estate management and development 0.9%      
Anywhere Real Estate Group LLC (A) 5.750 01-15-29   33,000 29,377
Anywhere Real Estate Group LLC (A) 7.000 04-15-30   37,000 35,434
Cushman & Wakefield US Borrower LLC (A) 6.750 05-15-28   33,000 33,250
Five Point Operating Company LP (10.500% to 11-15-25, then 11.000% to 11-15-26, then 12.000% thereafter) (A) 10.500 01-15-28   62,000 62,693
Forestar Group, Inc. (A) 5.000 03-01-28   43,000 42,674
Kennedy-Wilson, Inc. 4.750 03-01-29   55,000 51,725
Kennedy-Wilson, Inc. 5.000 03-01-31   33,000 30,076
The Howard Hughes Corp. (A) 4.375 02-01-31   45,000 41,415
The Howard Hughes Corp. (A) 5.375 08-01-28   30,000 29,816
Specialized REITs 1.7%      
Iron Mountain Information Management Services, Inc. (A) 5.000 07-15-32   67,000 63,938
Iron Mountain, Inc. (A) 5.250 07-15-30   443,000 435,350
SBA Communications Corp. 3.125 02-01-29   85,000 79,223
Uniti Group LP (A) 6.000 01-15-30   55,000 52,047
Uniti Group LP (A) 6.500 02-15-29   75,000 72,961
Uniti Group LP (A) 10.500 02-15-28   35,000 36,991
Utilities 3.0%     1,299,451
Electric utilities 1.0%      
Edison International (8.125% to 6-15-28, then 5 Year CMT + 3.864%) 8.125 06-15-53   18,000 17,650
NRG Energy, Inc. (A) 6.000 02-01-33   296,000 296,803
PG&E Corp. 5.250 07-01-30   46,000 44,123
PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) 7.375 03-15-55   81,000 78,164
Gas utilities 0.3%      
Ferrellgas LP (A) 5.875 04-01-29   154,000 142,194
Independent power and renewable electricity producers 1.7%      
Calpine Corp. (A) 4.500 02-15-28   53,000 52,424
38 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Utilities (continued)      
Independent power and renewable electricity producers (continued)      
Clearway Energy Operating LLC (A) 3.750 01-15-32   45,000 $39,974
The AES Corp. (6.950% to 7-15-30, then 5 Year CMT + 2.890%) 6.950 07-15-55   102,000 98,279
Vistra Operations Company LLC (A) 5.000 07-31-27   152,000 151,186
XPLR Infrastructure Operating Partners LP (A) 3.875 10-15-26   319,000 311,347
XPLR Infrastructure Operating Partners LP (A) 7.250 01-15-29   66,000 67,307
    
    Yield (%)   Shares Value
Short-term investments 1.3%         $545,401
(Cost $545,401)          
Short-term funds 1.3%         545,401
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.2386(C)   545,401 545,401
    
Total investments (Cost $42,150,630) 99.0%     $42,642,645
Other assets and liabilities, net 1.0%       451,994
Total net assets 100.0%         $43,094,639
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
LIBOR London Interbank Offered Rate
PIK Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
SOFR Secured Overnight Financing Rate
(A) 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. Rule 144A securities amounted to $35,471,358 or 82.3% of the fund’s net assets as of 7-31-25.
(B) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(C) The rate shown is the annualized seven-day yield as of 7-31-25.
The fund had the following country composition as a percentage of net assets on 7-31-25:
United States 87.2%
Canada 4.3%
Luxembourg 1.2%
France 1.0%
Japan 1.0%
Ireland 1.0%
United Kingdom 1.0%
Other countries 3.3%
TOTAL 100.0%
MORTGAGE-BACKED SECURITIES ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 66.1%     $94,549,393
(Cost $96,052,017)          
U.S. Government Agency 66.1%       94,549,393
Federal Home Loan Mortgage Corp.          
30 Yr Pass Thru 2.000 01-01-51   610,494 482,484
30 Yr Pass Thru 2.000 01-01-51   1,364,952 1,085,143
30 Yr Pass Thru 2.000 02-01-51   618,749 490,168
30 Yr Pass Thru 2.000 03-01-51   322,338 254,648
30 Yr Pass Thru 2.000 08-01-51   247,101 195,906
30 Yr Pass Thru 2.000 09-01-51   211,093 167,556
30 Yr Pass Thru 2.000 11-01-51   765,798 606,420
30 Yr Pass Thru 2.000 12-01-51   1,221,861 967,567
30 Yr Pass Thru 2.000 12-01-51   712,183 558,622
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 39
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 2.000 12-01-51   679,459 $535,290
30 Yr Pass Thru 2.000 01-01-52   451,335 354,018
30 Yr Pass Thru 2.000 02-01-52   265,275 209,569
30 Yr Pass Thru 2.000 02-01-52   525,093 415,810
30 Yr Pass Thru 2.000 03-01-52   1,515,680 1,201,183
30 Yr Pass Thru 2.500 08-01-50   135,310 113,069
30 Yr Pass Thru 2.500 05-01-51   1,276,743 1,057,306
30 Yr Pass Thru 2.500 09-01-51   144,494 120,472
30 Yr Pass Thru 2.500 09-01-51   219,192 181,382
30 Yr Pass Thru 2.500 09-01-51   220,850 181,925
30 Yr Pass Thru 2.500 09-01-51   368,533 304,962
30 Yr Pass Thru 2.500 10-01-51   758,504 624,820
30 Yr Pass Thru 2.500 10-01-51   273,262 226,808
30 Yr Pass Thru 2.500 11-01-51   174,319 144,576
30 Yr Pass Thru 2.500 11-01-51   571,028 474,133
30 Yr Pass Thru 2.500 01-01-52   210,899 175,837
30 Yr Pass Thru 2.500 01-01-52   744,700 617,637
30 Yr Pass Thru 2.500 04-01-52   106,955 88,873
30 Yr Pass Thru 3.000 08-01-50   341,498 293,073
30 Yr Pass Thru 3.000 05-01-51   219,859 191,981
30 Yr Pass Thru 3.000 06-01-51   264,446 229,592
30 Yr Pass Thru 3.000 09-01-51   428,641 372,682
30 Yr Pass Thru 3.000 01-01-52   238,308 205,037
30 Yr Pass Thru 3.000 01-01-52   245,644 212,501
30 Yr Pass Thru 3.000 02-01-52   626,153 542,256
30 Yr Pass Thru 3.500 09-01-47   279,049 253,902
30 Yr Pass Thru 3.500 01-01-50   255,002 231,065
30 Yr Pass Thru 3.500 03-01-52   969,363 875,340
30 Yr Pass Thru 3.500 03-01-52   194,942 174,998
30 Yr Pass Thru 3.500 03-01-52   539,258 486,110
30 Yr Pass Thru 3.500 04-01-52   97,838 87,951
30 Yr Pass Thru 3.500 04-01-52   192,311 173,358
30 Yr Pass Thru 3.500 04-01-52   552,836 498,719
30 Yr Pass Thru 3.500 08-01-52   566,033 513,254
30 Yr Pass Thru 3.500 08-01-52   445,296 402,800
30 Yr Pass Thru 3.500 09-01-52   340,741 305,881
30 Yr Pass Thru 4.000 05-01-52   193,488 179,302
30 Yr Pass Thru 4.000 05-01-52   463,844 433,460
30 Yr Pass Thru 4.000 07-01-52   739,105 688,612
30 Yr Pass Thru 4.000 07-01-52   1,388,891 1,290,536
30 Yr Pass Thru 4.000 09-01-52   175,264 162,743
30 Yr Pass Thru 4.000 09-01-52   119,686 111,509
30 Yr Pass Thru 4.000 10-01-52   1,129,439 1,049,457
30 Yr Pass Thru 4.000 11-01-52   1,192,991 1,108,509
30 Yr Pass Thru 4.500 06-01-52   1,143,599 1,091,488
30 Yr Pass Thru 4.500 07-01-52   290,750 278,138
30 Yr Pass Thru 4.500 07-01-52   732,353 699,839
30 Yr Pass Thru 4.500 07-01-52   411,987 393,214
30 Yr Pass Thru 4.500 07-01-52   1,026,818 984,007
30 Yr Pass Thru 4.500 09-01-52   1,007,775 959,932
30 Yr Pass Thru 4.500 10-01-52   109,463 104,680
30 Yr Pass Thru 4.500 08-01-53   285,961 273,176
30 Yr Pass Thru 5.000 06-01-53   268,085 262,028
30 Yr Pass Thru 5.000 06-01-53   711,126 695,194
30 Yr Pass Thru 5.000 07-01-53   180,728 176,811
30 Yr Pass Thru 5.000 07-01-53   127,869 125,384
30 Yr Pass Thru 5.000 08-01-53   169,023 165,171
40 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 5.000 03-01-54   403,716 $396,311
30 Yr Pass Thru 5.000 10-01-54   1,137,224 1,110,857
30 Yr Pass Thru 5.000 11-01-54   310,358 303,356
30 Yr Pass Thru 5.000 11-01-54   1,063,274 1,045,350
30 Yr Pass Thru 5.000 01-01-55   1,056,718 1,034,529
30 Yr Pass Thru 5.000 05-01-55   1,004,831 979,335
30 Yr Pass Thru 5.000 06-01-55   608,611 592,408
30 Yr Pass Thru 5.500 04-01-53   185,269 184,944
30 Yr Pass Thru 5.500 07-01-53   353,185 353,449
30 Yr Pass Thru 5.500 03-01-54   82,665 82,515
30 Yr Pass Thru 5.500 03-01-54   275,388 276,609
30 Yr Pass Thru 5.500 12-01-54   1,015,891 1,014,840
30 Yr Pass Thru 5.500 12-01-54   434,767 435,744
30 Yr Pass Thru 5.500 01-01-55   879,221 881,389
30 Yr Pass Thru 5.500 02-01-55   586,401 589,917
30 Yr Pass Thru 5.500 02-01-55   1,152,408 1,156,077
Federal National Mortgage Association          
10 Yr Pass Thru 5.100 01-01-35   600,000 611,380
10 Yr Pass Thru 5.180 02-01-35   600,000 614,438
30 Yr Pass Thru (A) 2.000 TBA   376,000 293,926
30 Yr Pass Thru 2.000 09-01-50   550,051 436,433
30 Yr Pass Thru 2.000 10-01-50   358,625 283,315
30 Yr Pass Thru 2.000 10-01-50   532,782 422,399
30 Yr Pass Thru 2.000 12-01-50   633,357 502,532
30 Yr Pass Thru 2.000 02-01-51   323,353 255,349
30 Yr Pass Thru 2.000 03-01-51   418,201 330,903
30 Yr Pass Thru 2.000 04-01-51   622,973 492,930
30 Yr Pass Thru 2.000 07-01-51   249,533 198,224
30 Yr Pass Thru 2.000 07-01-51   298,186 235,569
30 Yr Pass Thru 2.000 07-01-51   518,254 409,099
30 Yr Pass Thru 2.000 07-01-51   171,237 135,278
30 Yr Pass Thru 2.000 07-01-51   194,251 153,824
30 Yr Pass Thru 2.000 07-01-51   728,279 574,889
30 Yr Pass Thru 2.000 08-01-51   317,900 252,037
30 Yr Pass Thru 2.000 08-01-51   225,046 177,154
30 Yr Pass Thru 2.000 09-01-51   469,460 373,809
30 Yr Pass Thru 2.000 09-01-51   570,571 450,219
30 Yr Pass Thru 2.000 10-01-51   556,842 441,996
30 Yr Pass Thru 2.000 02-01-52   942,542 746,380
30 Yr Pass Thru 2.000 03-01-52   403,431 319,847
30 Yr Pass Thru 2.000 03-01-52   1,159,351 918,791
30 Yr Pass Thru 2.000 03-01-52   625,513 495,331
30 Yr Pass Thru 2.500 09-01-50   274,397 229,036
30 Yr Pass Thru 2.500 05-01-51   606,960 502,640
30 Yr Pass Thru 2.500 07-01-51   239,838 200,190
30 Yr Pass Thru 2.500 07-01-51   283,686 233,687
30 Yr Pass Thru 2.500 07-01-51   867,387 717,765
30 Yr Pass Thru 2.500 08-01-51   459,149 381,812
30 Yr Pass Thru 2.500 08-01-51   247,928 206,014
30 Yr Pass Thru 2.500 09-01-51   409,343 340,139
30 Yr Pass Thru 2.500 10-01-51   786,559 655,303
30 Yr Pass Thru 2.500 12-01-51   216,646 179,884
30 Yr Pass Thru 2.500 12-01-51   578,866 482,269
30 Yr Pass Thru 2.500 12-01-51   407,296 337,802
30 Yr Pass Thru 2.500 01-01-52   477,456 396,290
30 Yr Pass Thru 2.500 01-01-52   1,238,285 1,033,583
30 Yr Pass Thru 2.500 01-01-52   515,555 428,073
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 41
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 2.500 03-01-52   215,998 $177,726
30 Yr Pass Thru 2.500 04-01-52   1,156,483 962,413
30 Yr Pass Thru 3.000 11-01-46   280,868 248,326
30 Yr Pass Thru 3.000 11-01-46   166,156 146,905
30 Yr Pass Thru 3.000 09-01-50   74,054 64,294
30 Yr Pass Thru 3.000 10-01-50   722,276 620,082
30 Yr Pass Thru 3.000 11-01-50   195,231 170,842
30 Yr Pass Thru 3.000 06-01-51   569,116 494,106
30 Yr Pass Thru 3.000 09-01-51   539,423 466,978
30 Yr Pass Thru 3.000 10-01-51   236,345 202,462
30 Yr Pass Thru 3.000 11-01-51   203,869 177,700
30 Yr Pass Thru 3.000 12-01-51   434,777 376,386
30 Yr Pass Thru 3.000 12-01-51   356,363 309,617
30 Yr Pass Thru 3.000 01-01-52   157,314 136,383
30 Yr Pass Thru 3.000 01-01-52   138,771 120,568
30 Yr Pass Thru 3.000 02-01-52   242,074 209,639
30 Yr Pass Thru 3.000 03-01-52   864,202 748,949
30 Yr Pass Thru 3.000 03-01-52   286,600 248,199
30 Yr Pass Thru 3.000 03-01-52   159,753 137,938
30 Yr Pass Thru 3.000 03-01-52   1,358,587 1,175,703
30 Yr Pass Thru 3.000 03-01-52   1,585,464 1,379,967
30 Yr Pass Thru 3.000 03-01-52   1,204,283 1,045,558
30 Yr Pass Thru 3.000 04-01-52   1,125,249 972,721
30 Yr Pass Thru 3.000 04-01-52   398,716 345,542
30 Yr Pass Thru (A) 3.500 TBA   210,000 187,597
30 Yr Pass Thru 3.500 10-01-49   557,370 505,399
30 Yr Pass Thru 3.500 11-01-49   638,310 579,589
30 Yr Pass Thru 3.500 12-01-49   230,293 208,100
30 Yr Pass Thru 3.500 01-01-50   906,127 818,804
30 Yr Pass Thru 3.500 01-01-50   1,145,441 1,040,782
30 Yr Pass Thru 3.500 03-01-50   833,599 750,921
30 Yr Pass Thru 3.500 04-01-51   168,332 152,584
30 Yr Pass Thru 3.500 08-01-51   275,120 247,833
30 Yr Pass Thru 3.500 12-01-51   998,252 905,482
30 Yr Pass Thru 3.500 02-01-52   1,153,615 1,046,407
30 Yr Pass Thru 3.500 04-01-52   128,377 115,243
30 Yr Pass Thru 3.500 04-01-52   157,156 141,274
30 Yr Pass Thru 3.500 04-01-52   505,969 453,098
30 Yr Pass Thru 3.500 06-01-52   248,955 223,719
30 Yr Pass Thru 3.500 06-01-52   418,499 376,599
30 Yr Pass Thru 3.500 07-01-52   150,317 134,657
30 Yr Pass Thru 3.500 09-01-52   196,413 176,565
30 Yr Pass Thru 4.000 03-01-48   102,588 96,157
30 Yr Pass Thru 4.000 06-01-49   89,079 83,801
30 Yr Pass Thru 4.000 04-01-50   91,447 85,829
30 Yr Pass Thru 4.000 05-01-52   283,019 264,480
30 Yr Pass Thru 4.000 06-01-52   475,427 441,908
30 Yr Pass Thru 4.000 06-01-52   1,142,636 1,062,076
30 Yr Pass Thru 4.000 06-01-52   346,458 322,790
30 Yr Pass Thru 4.000 06-01-52   648,569 604,667
30 Yr Pass Thru 4.000 07-01-52   219,851 204,351
30 Yr Pass Thru 4.000 09-01-52   294,380 272,246
30 Yr Pass Thru 4.000 09-01-52   245,409 228,107
30 Yr Pass Thru 4.000 10-01-52   400,550 372,185
30 Yr Pass Thru 4.500 06-01-52   270,232 258,931
30 Yr Pass Thru 4.500 06-01-52   369,651 355,117
30 Yr Pass Thru 4.500 07-01-52   639,284 610,154
42 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)        
30 Yr Pass Thru 4.500 07-01-52   283,330 $271,393
30 Yr Pass Thru 4.500 08-01-52   609,982 587,143
30 Yr Pass Thru 4.500 09-01-52   384,089 367,127
30 Yr Pass Thru 4.500 09-01-52   240,039 228,951
30 Yr Pass Thru 4.500 10-01-52   122,319 116,974
30 Yr Pass Thru 4.500 11-01-52   76,013 72,692
30 Yr Pass Thru 4.500 06-01-53   68,182 64,900
30 Yr Pass Thru 4.500 07-01-53   294,614 281,534
30 Yr Pass Thru 4.500 09-01-53   460,184 439,430
30 Yr Pass Thru (A) 5.000 TBA   105,000 102,076
30 Yr Pass Thru 5.000 09-01-52   167,411 163,781
30 Yr Pass Thru 5.000 06-01-53   156,642 153,104
30 Yr Pass Thru 5.000 07-01-53   99,533 97,800
30 Yr Pass Thru 5.000 07-01-53   236,233 230,848
30 Yr Pass Thru 5.000 04-01-54   138,586 135,210
30 Yr Pass Thru 5.000 10-01-54   490,233 480,896
30 Yr Pass Thru 5.000 10-01-54   1,439,747 1,409,620
30 Yr Pass Thru 5.000 11-01-54   1,015,807 991,303
30 Yr Pass Thru 5.000 11-01-54   992,939 974,572
30 Yr Pass Thru 5.000 12-01-54   521,767 509,996
30 Yr Pass Thru 5.000 02-01-55   222,225 217,212
30 Yr Pass Thru (A) 5.500 TBA   565,000 561,888
30 Yr Pass Thru 5.500 10-01-52   141,709 142,249
30 Yr Pass Thru 5.500 10-01-53   285,325 284,807
30 Yr Pass Thru 5.500 11-01-53   325,594 324,494
30 Yr Pass Thru 5.500 02-01-54   184,848 184,397
30 Yr Pass Thru 5.500 06-01-54   977,685 982,020
30 Yr Pass Thru 5.500 01-01-55   281,863 284,258
30 Yr Pass Thru 5.500 02-01-55   488,782 490,949
30 Yr Pass Thru 5.500 04-01-55   590,008 589,489
30 Yr Pass Thru (A) 6.000 TBA   430,000 435,896
Government National Mortgage Association          
30 Yr Pass Thru 2.500 09-20-49   630,167 535,565
30 Yr Pass Thru 2.500 06-20-50   444,524 374,874
30 Yr Pass Thru 2.500 02-20-51   227,563 191,694
30 Yr Pass Thru 2.500 07-20-51   510,449 429,353
30 Yr Pass Thru 2.500 03-20-53   445,503 375,769
30 Yr Pass Thru 3.000 05-20-53   216,204 190,630
Collateralized mortgage obligations 20.1%       $28,655,363
(Cost $29,114,089)          
Commercial and residential 17.2%     24,480,917
A&D Mortgage Trust    
Series 2024-NQM4, Class M1 (B)(C) 5.929 08-25-69   200,000 199,646
Agate Bay Mortgage Trust    
Series 2013-1, Class A1 (B)(C) 3.500 07-25-43   146,235 135,314
Angel Oak Mortgage Trust LLC    
Series 2022-3, Class A1 (B) 4.000 01-25-67   229,914 218,365
Series 2022-5, Class A1 (4.500% to 7-1-26, then 5.500% thereafter) (B) 4.500 05-25-67   347,628 343,463
Series 2022-6, Class A1 (4.300% to 9-1-26, then 5.300% thereafter) (B) 4.300 07-25-67   720,631 709,766
Series 2024-10, Class M1 (B)(C) 6.007 10-25-69   200,000 199,386
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter) (B) 4.800 11-26-68   169,396 167,108
Arizona Biltmore Trust    
Series 2024-BILT, Class C (B) 6.361 06-11-29   200,000 203,520
Arroyo Mortgage Trust    
Series 2019-1, Class A3 (B)(C) 4.208 01-25-49   105,841 103,077
BAHA Trust    
Series 2024-MAR, Class A (B)(C) 5.972 12-10-41   650,000 667,491
BANK    
Series 2024-BNK47, Class A5 5.716 06-15-57   543,000 568,222
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 43
  Rate (%) Maturity date   Par value^ Value
Commercial and residential (continued)      
BBCMS Mortgage Trust    
Series 2024-5C27, Class B (C) 6.700 07-15-57   200,000 $208,689
Series 2024-5C29, Class B (C) 5.858 09-15-57   295,000 299,657
Series 2024-C30, Class A5 5.532 11-15-57   300,000 309,982
Series 2025-C32, Class A5 5.720 02-15-62   550,000 576,121
BRAVO Residential Funding Trust    
Series 2021-NQM1, Class M1 (B)(C) 2.316 02-25-49   100,000 83,644
BSTN Commercial Mortgage Trust    
Series 2025-1C, Class A (B)(C) 5.369 06-15-44   300,000 304,041
BX Trust    
Series 2019-OC11, Class D (B)(C) 3.944 12-09-41   500,000 465,994
COLT Mortgage Loan Trust    
Series 2021-4, Class B1 (B)(C) 3.764 10-25-66   200,000 149,823
Series 2021-HX1, Class B1 (B)(C) 3.110 10-25-66   100,000 73,781
Series 2024-5, Class M1 (B)(C) 5.655 08-25-69   200,000 198,014
Series 2025-1, Class A3 (6.084% to 1-1-29, then 7.084% thereafter) (B) 6.084 01-25-70   279,484 279,832
Cross Mortgage Trust    
Series 2024-H2, Class A3 (6.518% to 3-1-28, then 7.518% thereafter) (B) 6.518 04-25-69   143,757 144,324
Series 2024-H5, Class A3 (6.158% to 7-1-28, then 7.158% thereafter) (B) 6.158 08-26-69   82,521 82,841
Series 2024-H7, Class B1A (B)(C) 7.048 11-25-69   200,000 200,930
Series 2025-H1, Class B1A (B)(C) 6.828 02-25-70   300,000 300,326
Ellington Financial Mortgage Trust    
Series 2022-3, Class A1 (5.000% to 7-1-26, then 6.000% thereafter) (B) 5.000 08-25-67   255,022 254,048
Series 2022-4, Class A1 (5.900% to 12-1-26, then 6.900% thereafter) (B) 5.900 09-25-67   250,350 250,759
Series 2025-CES1, Class A2 (6.121% to 2-1-29, then 7.121% thereafter) (B) 6.121 01-25-60   300,000 303,382
FARM Mortgage Trust    
Series 2025-1, Class A2 (B) 5.230 08-01-55   350,000 322,369
Flagstar Mortgage Trust    
Series 2021-3INV, Class A18 (B)(C) 5.000 06-25-51   322,751 314,486
Series 2021-6INV, Class A4 (B)(C) 2.500 08-25-51   178,194 143,439
FS Commercial Mortgage Trust    
Series 2023-4SZN, Class B (B)(C) 7.544 11-10-39   380,000 389,339
GCAT    
Series 2023-INV1, Class A1 (B) 6.000 08-25-53   705,131 707,940
Series 2024-NQM2, Class M1 (B)(C) 6.569 06-25-59   200,000 201,542
GS Mortgage Securities Trust    
Series 2024-RVR, Class A (B)(C) 5.198 08-10-41   400,000 401,704
GS Mortgage-Backed Securities Trust    
Series 2023-PJ2, Class A3 (B)(C) 5.000 05-25-53   239,780 232,193
Houston Galleria Mall Trust    
Series 2025-HGLR, Class A (B)(C) 5.462 02-05-45   600,000 608,811
Hudson Yards Mortgage Trust    
Series 2025-SPRL, Class C (B)(C) 5.952 01-13-40   550,000 563,706
Hundred Acre Wood Trust    
Series 2021-INV3, Class B1 (B)(C) 3.319 12-25-51   730,338 626,682
Imperial Fund Mortgage Trust    
Series 2022-NQM5, Class A3 (6.250% to 7-1-26, then 7.250% thereafter) (B) 6.250 08-25-67   68,593 68,518
IRV Trust    
Series 2025-200P, Class B (B)(C) 5.440 03-14-47   550,000 543,189
JPMorgan Mortgage Trust    
Series 2019-INV1, Class B5 (B)(C) 4.931 09-25-49   344,727 298,437
Series 2019-INV2, Class B4 (B)(C) 4.709 02-25-50   350,248 330,762
Series 2019-INV3, Class A15 (B)(C) 3.500 05-25-50   118,358 105,928
Series 2019-INV3, Class B3 (B)(C) 4.356 05-25-50   203,887 187,147
Series 2021-14, Class A12 (B)(C) 5.000 05-25-52   314,419 301,567
Series 2021-6, Class A12 (B)(C) 5.000 10-25-51   320,389 310,191
Series 2023-4, Class 2A6 (B)(C) 5.500 11-25-53   385,392 379,018
MFA Trust    
Series 2020-NQM3, Class M1 (B)(C) 2.654 01-26-65   100,000 91,843
Series 2023-NQM1, Class A2 (5.750% to 1-1-27, then 6.750% thereafter) (B) 5.750 11-25-67   105,394 104,930
NY Commercial Mortgage Trust    
Series 2025-299P, Class A (B)(C) 5.664 02-10-47   700,000 720,872
NYMT Loan Trust    
44 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Commercial and residential (continued)      
Series 2025-CP1, Class A1 (B) 3.750 11-25-69   500,000 $475,248
OBX Trust    
Series 2020-EXP2, Class A8 (B)(C) 3.000 05-25-60   64,763 56,392
Series 2023-NQM10, Class A3 (7.173% to 11-1-27, then 8.173% thereafter) (B) 7.173 10-25-63   274,920 277,502
Series 2024-NQM12, Class A2 (5.779% to 8-1-28, then 6.779% thereafter) (B) 5.779 07-25-64   201,256 200,988
PMT Loan Trust    
Series 2025-INV6, Class A29 (B) 6.000 06-25-56   345,194 346,354
RATE Mortgage Trust    
Series 2024-J3, Class B3 (B)(C) 6.404 10-25-54   444,474 415,332
Ready Capital Mortgage Trust    
Series 2019-5, Class E (B)(C) 5.224 02-25-52   250,000 221,511
Residential Mortgage Loan Trust    
Series 2019-3, Class B2 (B)(C) 5.664 09-25-59   354,000 347,183
Series 2020-2, Class B2 (B)(C) 5.400 05-25-60   250,000 240,024
RIDE Trust    
Series 2025-SHRE, Class E (B)(C) 7.809 02-14-47   250,000 249,147
ROCK Trust    
Series 2024-CNTR, Class D (B) 7.109 11-13-41   400,000 414,879
Sequoia Mortgage Trust    
Series 2024-1, Class B2 (B)(C) 5.910 01-25-54   292,441 287,151
Series 2025-1, Class A1 (B)(C) 6.000 01-25-55   371,159 373,101
Series 2025-3, Class A20 (B)(C) 5.500 04-25-55   551,399 541,893
Series 2025-4, Class A19 (B)(C) 6.000 04-25-55   386,611 387,185
Series 2025-S1, Class A1 (B) 2.500 09-25-54   493,151 396,968
Toorak Mortgage Trust    
Series 2024-RRTL2, Class A1 (5.504% to 3-25-27, then 6.504% thereafter) (B) 5.504 09-25-39   300,000 299,010
Towd Point Mortgage Trust    
Series 2019-4, Class B1B (B)(C) 3.500 10-25-59   315,000 241,949
Series 2024-4, Class A1A (B)(C) 4.498 10-27-64   526,883 525,629
VDCM Commercial Mortgage Trust    
Series 2025-AZ, Class B (B) 5.481 07-13-44   300,000 298,610
Verus Securitization Trust    
Series 2021-1, Class A2 (B)(C) 1.052 01-25-66   58,686 52,381
Series 2021-3, Class A3 (B)(C) 1.437 06-25-66   61,675 53,523
Series 2022-4, Class A1 (4.474% to 4-1-26, then 5.474% thereafter) (B) 4.474 04-25-67   65,271 64,960
Series 2022-INV2, Class M1 (B)(C) 6.773 10-25-67   250,000 249,115
Series 2024-2, Class A3 (6.501% to 2-1-28, then 7.501% thereafter) (B) 6.501 02-25-69   115,557 116,321
Series 2024-4, Class M1 (B)(C) 6.700 06-25-69   200,000 201,828
Series 2024-7, Class M1 (B)(C) 5.599 09-25-69   200,000 197,360
Visio Trust    
Series 2019-2, Class A1 (B)(C) 2.722 11-25-54   10,242 10,106
Series 2020-1, Class A3 (B)(C) 3.521 08-25-55   176,000 166,350
Wells Fargo Commercial Mortgage Trust    
Series 2024-C63, Class A5 5.309 08-15-57   450,000 458,320
WHARF Commercial Mortgage Trust    
Series 2025-DC, Class D (B) 6.612 07-15-40   350,000 358,438
U.S. Government Agency 2.9%     4,174,446
Federal Home Loan Mortgage Corp.    
Series 5150, Class IS IO 0.286 08-25-51   1,741,000 126,822
Series 5250, Class AY 2.000 01-25-55   449,987 267,348
Series K109, Class X1 IO 1.688 04-25-30   1,951,731 116,517
Series K116, Class X1 IO 1.519 07-25-30   2,695,723 150,109
Series K118, Class X1 IO 1.044 09-25-30   3,148,783 124,731
Series X2FX, Class X1 IO 0.914 09-25-25   1,635,999 244
Federal National Mortgage Association    
Series 2022-22, Class B 2.000 07-25-54   400,000 233,297
Series 2022-R02, Class 2B1 (30 day Average SOFR + 4.500%) (B)(D) 8.850 01-25-42   300,000 312,824
Series 2023-R04, Class 1B1 (30 day Average SOFR + 5.350%) (B)(D) 9.700 05-25-43   300,000 327,939
Series 2023-R06, Class 1B1 (30 day Average SOFR + 3.900%) (B)(D) 8.250 07-25-43   400,000 422,955
Government National Mortgage Association    
Series 2014-135, Class IO 0.413 01-16-56   13,302,078 273,678
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 45
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)      
Series 2017-159, Class IO 0.430 06-16-59   3,749,018 $94,194
Series 2018-23, Class IO 0.585 11-16-59   1,231,752 41,439
Series 2021-178, Class IA IO 0.100 10-16-61   36,735,338 178,262
Series 2022-141, Class BC 2.100 06-16-64   265,000 140,638
Series 2023-197, Class IO 1.241 09-16-65   1,623,291 136,782
Series 2024-161, Class IO 0.741 06-16-64   6,868,383 370,710
Series 2024-193, Class IO 0.700 12-16-66   2,976,432 191,366
Series 2025-3, Class IO 0.855 04-16-67   1,593,589 107,822
Series 2025-35, Class IO 0.769 09-16-66   5,511,901 312,046
Series 2025-73, Class IO 0.676 08-16-67   3,992,315 244,723
Asset-backed securities 13.2%         $18,906,389
(Cost $18,777,850)          
Asset-backed securities 13.2%     18,906,389
321 Henderson Receivables V LLC          
Series 2008-3A, Class A1 (B) 8.000 06-15-45   539,927 596,354
AMSR Trust          
Series 2024-SFR1, Class D (B) 4.290 07-17-41   225,000 213,683
Series 2025-SFR1, Class D (B) 3.655 06-17-42   250,000 228,994
Blue Stream Issuer LLC          
Series 2024-1A, Class B (B) 6.043 11-20-54   250,000 252,324
Business Jet Securities          
Series 2024-2A, Class A (B) 5.364 09-15-39   173,976 173,352
CARS-DB4 LP          
Series 2020-1A, Class B3 (B) 4.950 02-15-50   100,000 89,845
CARS-DB6 LP          
Series 2022-1A, Class B (B) 4.680 03-15-52   175,000 161,471
CARS-DB8 LP          
Series 2024-2A, Class A2 (B) 5.250 05-15-54   344,896 341,135
CLI Funding VIII LLC          
Series 2021-1A, Class B (B) 2.380 02-18-46   156,421 142,834
Series 2022-1A, Class B (B) 3.120 01-18-47   284,587 256,486
Compass Datacenters Issuer III LLC          
Series 2025-2A, Class A2 (B) 5.835 02-25-50   276,000 276,750
Concord Music Royalties LLC          
Series 2024-1A, Class A (B) 5.644 10-20-74   200,000 201,114
Series 2025-2A, Class A (B) 5.785 07-20-75   250,000 250,614
Consolidated Communications LLC          
Series 2025-1A, Class A2 (B) 6.000 05-20-55   120,000 122,402
CyrusOne Data Centers Issuer I LLC          
Series 2024-3A, Class A2 (B) 4.650 05-20-49   550,000 521,120
Dext ABS LLC          
Series 2023-2, Class D (B) 8.300 05-15-34   500,000 530,276
Diamond Infrastructure Funding LLC          
Series 2021-1A, Class C (B) 3.475 04-15-49   200,000 188,935
Domino’s Pizza Master Issuer LLC          
Series 2021-1A, Class A2II (B) 3.151 04-25-51   447,350 402,764
Driven Brands Funding LLC          
Series 2024-1A, Class A2 (B) 6.372 10-20-54   628,650 647,751
Elara HGV Timeshare Issuer LLC          
Series 2021-A, Class D (B) 3.320 08-27-35   55,406 51,711
EnFin Residential Solar Receivables Trust          
Series 2024-1A, Class A (B) 6.650 02-20-55   526,860 522,220
ExteNet Issuer LLC          
Series 2024-1A, Class B (B) 6.150 07-25-54   200,000 201,893
FIP Master Funding LLC          
Series 2024-1A, Class A2 (B) 5.130 10-15-54   399,259 391,199
Hotwire Funding LLC          
Series 2024-1A, Class B (B) 6.672 06-20-54   250,000 254,549
Jersey Mike’s Funding LLC          
Series 2025-1A, Class A2 (B) 5.610 08-16-55   600,000 603,281
JGWPT XXX LLC          
Series 2013-3A, Class A (B) 4.080 01-17-73   627,667 586,674
46 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Asset-backed securities (continued)      
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class C (B) 7.830 08-20-55   260,000 $259,955
MVW LLC          
Series 2023-2A, Class C (B) 7.060 11-20-40   55,075 56,290
Neighborly Issuer LLC          
Series 2022-1A, Class A2 (B) 3.695 01-30-52   291,430 269,489
Series 2023-1A, Class A2 (B) 7.308 01-30-53   293,250 298,313
New Economy Assets Phase 1 Sponsor LLC          
Series 2021-1, Class B1 (B) 2.410 10-20-61   250,000 195,063
Oxford Finance Credit Fund          
Series 2025-A, Class A2 (B) 5.878 08-14-34   250,000 249,811
Progress Residential Trust          
Series 2021-SFR5, Class E2 (B) 2.359 07-17-38   225,000 218,109
Series 2023-SFR2, Class D (B) 4.500 10-17-40   500,000 484,808
Series 2025-SFR2, Class D (B) 3.555 04-17-42   500,000 455,360
Series 2025-SFR3, Class D (B) 3.390 07-17-42   600,000 534,884
Retained Vantage Data Centers Issuer LLC          
Series 2024-1A, Class B (B) 5.775 09-15-49   400,000 397,825
SEB Funding LLC          
Series 2024-1A, Class A2 (B) 7.386 04-30-54   350,000 356,231
SERVPRO Master Issuer LLC          
Series 2024-1A, Class A2 (B) 6.174 01-25-54   197,000 202,051
Sesac Finance LLC          
Series 2025-1, Class A2 (B) 5.500 07-25-55   420,000 412,474
Sierra Timeshare Receivables Funding LLC          
Series 2025-1A, Class D (B) 6.860 01-21-42   399,559 399,108
Sonic Capital LLC          
Series 2020-1A, Class A2II (B) 4.336 01-20-50   442,138 422,145
STORE Master Funding LLC          
Series 2019-1, Class A2 (B) 3.650 11-20-49   423,225 363,295
Series 2019-1, Class A4 (B) 4.490 11-20-49   116,600 105,309
Subway Funding LLC          
Series 2024-1A, Class A23 (B) 6.505 07-30-54   545,875 554,351
Series 2024-3A, Class A2II (B) 5.566 07-30-54   143,913 141,640
Switch ABS Issuer LLC          
Series 2025-1A, Class B (B) 6.485 03-25-55   400,000 401,200
Taco Bell Funding LLC          
Series 2021-1A, Class A23 (B) 2.542 08-25-51   682,838 582,382
Tricon Residential Trust          
Series 2024-SFR4, Class C (B) 4.800 11-17-41   350,000 342,555
Series 2024-SFR4, Class D (B) 5.350 11-17-41   350,000 345,703
Series 2025-SFR2, Class D (B) 6.065 08-09-44   350,000 349,751
Trinity Rail Leasing LLC          
Series 2020-2A, Class A2 (B) 2.560 11-19-50   640,000 601,156
Uniti Fiber Abs Issuer LLC          
Series 2025-1A, Class B (B) 6.369 04-20-55   385,000 391,854
VB-S1 Issuer LLC          
Series 2022-1A, Class C2II (B) 3.706 02-15-57   400,000 352,595
Series 2022-1A, Class F (B) 5.268 02-15-52   250,000 235,741
Venture XXX CLO, Ltd.          
Series 2017-30A, Class C (3 month CME Term SOFR + 2.212%) (B)(D) 6.529 01-15-31   100,000 99,972
Verdant Receivables LLC          
Series 2025-1A, Class D (B) 6.490 05-12-33   300,000 306,219
Willis Engine Structured Trust V          
Series 2020-A, Class C (B) 6.657 03-15-45   173,982 168,010
Wingstop Funding LLC          
Series 2024-1A, Class A2 (B) 5.858 12-05-54   140,000 143,009
    
    Yield (%)   Shares Value
Short-term investments 1.8%         $2,493,143
(Cost $2,493,122)          
Short-term funds 1.8%         2,493,143
John Hancock Collateral Trust (E) 4.2650(F)   249,267 2,493,143
    
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 47
Total investments (Cost $146,437,078) 101.2%     $144,604,288
Other assets and liabilities, net (1.2%)       (1,653,015)
Total net assets 100.0%         $142,951,273
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR Secured Overnight Financing Rate
TBA To Be Announced. A forward mortgage-backed securities trade issued by a U.S. Government Agency, to be delivered at an agreed-upon future settlement date.
(A) Security purchased or sold on a when-issued or delayed-delivery basis.
(B) 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. Rule 144A securities amounted to $42,030,033 or 29.4% of the fund’s net assets as of 7-31-25.
(C) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(D) Variable rate obligation. The coupon rate shown represents the rate at period end.
(E) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(F) The rate shown is the annualized seven-day yield as of 7-31-25.
DERIVATIVES
FUTURES
Open contracts Number of
contracts 		Position Expiration
date 		Notional
basis^ 		Notional
value^ 		Unrealized
appreciation
(depreciation)
10-Year U.S. Treasury Note Futures 5 Long Sep 2025 $548,648 $555,313 $6,665
5-Year U.S. Treasury Note Futures 11 Long Sep 2025 1,182,272 1,189,891 7,619
            $14,284
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
PREFERRED INCOME ETF
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
Corporate bonds 50.5%     $42,838,971
(Cost $41,543,672)          
Communication services 2.4%       2,077,657
Diversified telecommunication services 1.4%        
Bell Canada (6.875% to 9-15-30, then 5 Year CMT + 2.390%) 6.875 09-15-55   615,000 625,709
Telus Corp. (7.000% to 10-15-35, then 5 Year CMT + 2.709%) 7.000 10-15-55   575,000 582,140
Wireless telecommunication services 1.0%        
Rogers Communications, Inc. (7.125% to 4-15-35, then 5 Year CMT + 2.620%) 7.125 04-15-55   850,000 869,808
Consumer discretionary 0.6%       491,195
Broadline retail 0.6%        
Rakuten Group, Inc. (8.125% to 12-15-29, then 5 Year CMT + 4.250%) (A)(B) 8.125 12-15-29   495,000 491,195
Energy 5.8%       4,879,537
Oil, gas and consumable fuels 5.8%        
Enbridge, Inc. (7.200% to 6-27-34, then 5 Year CMT + 2.970%) 7.200 06-27-54   489,000 503,712
Enbridge, Inc. (7.375% to 1-15-28, then 5 Year CMT + 3.708% to 1-15-33, then 5 Year CMT + 3.958% to 1-15-48, then 5 Year CMT + 4.708%) 7.375 01-15-83   416,000 428,408
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) 8.500 01-15-84   470,000 529,345
Energy Transfer LP (6.625% to 2-15-28, then 3 month CME Term SOFR + 4.417%) (B) 6.625 02-15-28   801,000 796,834
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (B) 7.125 05-15-30   566,000 579,490
South Bow Canadian Infrastructure Holdings, Ltd. (7.500% to 3-1-35, then 5 Year CMT + 3.667%) (A) 7.500 03-01-55   717,000 744,919
TransCanada PipeLines, Ltd. (7.000% to 6-1-30, then 5 Year CMT + 2.614%) 7.000 06-01-65   430,000 433,609
Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (A)(B) 9.000 09-30-29   863,000 863,220
48 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials 21.1%       $17,907,170
Banks 11.7%        
Banco Santander SA (9.625% to 11-21-33, then 5 Year CMT + 5.298%) (B) 9.625 05-21-33   209,000 246,844
Bank of America Corp. (5.875% to 3-15-28, then 3 month CME Term SOFR + 3.193%) (B) 5.875 03-15-28   225,000 225,897
Bank of America Corp. (6.125% to 4-27-27, then 5 Year CMT + 3.231%) (B) 6.125 04-27-27   415,000 418,601
Bank of America Corp. (6.250% to 7-26-30, then 5 Year CMT + 2.351%) (B) 6.250 07-26-30   300,000 298,968
Bank of America Corp. (6.625% to 5-1-30, then 5 Year CMT + 2.684%) (B) 6.625 05-01-30   578,000 591,903
Bank of Montreal (6.875% to 11-26-30, then 5 Year CMT + 2.976%) 6.875 11-26-85   500,000 501,000
Barclays PLC (9.625% to 6-15-30, then 5 Year SOFR ICE Swap Rate + 5.775%) (B) 9.625 12-15-29   224,000 253,026
BNP Paribas SA (7.450% to 6-27-35, then 5 Year CMT + 3.134%) (A)(B) 7.450 06-27-35   405,000 412,594
Citigroup, Inc. (6.875% to 8-15-30, then 5 Year CMT + 2.890%) (B) 6.875 08-15-30   450,000 453,825
Citigroup, Inc. (6.950% to 2-15-30, then 5 Year CMT + 2.726%) (B) 6.950 02-15-30   845,000 851,846
Citigroup, Inc. (7.375% to 5-15-28, then 5 Year CMT + 3.209%) (B) 7.375 05-15-28   540,000 560,985
Citigroup, Inc. (7.625% to 11-15-28, then 5 Year CMT + 3.211%) (B) 7.625 11-15-28   468,000 488,214
Citizens Financial Group, Inc. (3 month CME Term SOFR + 3.419%) (B)(C) 7.704 10-06-25   547,000 547,069
CoBank ACB (6.450% to 10-1-27, then 5 Year CMT + 3.487%) (B) 6.450 10-01-27   315,000 316,996
CoBank ACB (7.250% to 7-1-29, then 5 Year CMT + 2.880%) (B) 7.250 07-01-29   194,000 199,454
HSBC Holdings PLC (7.050% to 12-5-30, then 5 Year CMT + 2.987%) (B) 7.050 06-05-30   517,000 526,757
JPMorgan Chase & Co. (6.875% to 6-1-29, then 5 Year CMT + 2.737%) (B) 6.875 06-01-29   535,000 559,168
The Bank of Nova Scotia (8.625% to 10-27-27, then 5 Year CMT + 4.389%) 8.625 10-27-82   375,000 398,296
The PNC Financial Services Group, Inc. (6.000% to 5-15-27, then 5 Year CMT + 3.000%) (B) 6.000 05-15-27   467,000 467,896
The PNC Financial Services Group, Inc. (6.200% to 9-15-27, then 5 Year CMT + 3.238%) (B) 6.200 09-15-27   584,000 590,312
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (B) 6.250 03-15-30   288,000 291,279
Wells Fargo & Company (6.850% to 9-15-29, then 5 Year CMT + 2.767%) (B) 6.850 09-15-29   263,000 272,421
Wells Fargo & Company (7.625% to 9-15-28, then 5 Year CMT + 3.606%) (B) 7.625 09-15-28   400,000 425,781
Capital markets 3.8%        
Brookfield Finance, Inc. (6.300% to 1-15-35, then 5 Year CMT + 2.076%) 6.300 01-15-55   675,000 650,772
State Street Corp. (6.700% to 3-15-29, then 5 Year CMT + 2.613%) (B) 6.700 03-15-29   551,000 568,079
The Bank of New York Mellon Corp. (6.300% to 3-20-30, then 5 Year CMT + 2.297%) (B) 6.300 03-20-30   380,000 389,486
The Charles Schwab Corp. (4.000% to 12-1-30, then 10 Year CMT + 3.079%) (B) 4.000 12-01-30   228,000 208,326
The Charles Schwab Corp. (5.000% to 6-1-27, then 5 Year CMT + 3.256%) (B) 5.000 06-01-27   230,000 228,372
The Goldman Sachs Group, Inc. (6.125% to 11-10-34, then 10 Year CMT + 2.400%) (B) 6.125 11-10-34   453,000 447,954
The Goldman Sachs Group, Inc. (7.500% to 2-10-29, then 5 Year CMT + 3.156%) (B) 7.500 02-10-29   420,000 443,627
The Goldman Sachs Group, Inc. (7.500% to 5-10-29, then 5 Year CMT + 2.809%) (B) 7.500 05-10-29   282,000 294,642
Financial services 1.5%        
Apollo Global Management, Inc. (6.000% to 12-15-34, then 5 Year CMT + 2.168%) 6.000 12-15-54   375,000 367,840
Equitable Holdings, Inc. (6.700% to 3-28-35, then 5 Year CMT + 2.390%) 6.700 03-28-55   700,000 713,551
Voya Financial, Inc. (B) 7.758 09-15-28   167,000 176,436
Insurance 4.1%        
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) 6.625 10-15-54   150,000 147,636
Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (A) 7.950 10-15-54   699,000 730,459
Meiji Yasuda Life Insurance Company (6.100% to 6-11-35, then 5 Year CMT + 2.911%) (A) 6.100 06-11-55   500,000 505,320
Nippon Life Insurance Company (6.500% to 4-30-35, then 5 Year CMT + 3.189%) (A) 6.500 04-30-55   551,000 576,637
Reinsurance Group of America, Inc. (6.650% to 9-15-35, then 5 Year CMT + 2.392%) 6.650 09-15-55   480,000 480,234
SBL Holdings, Inc. (6.500% to 11-13-26, then 5 Year CMT + 5.620%) (A)(B) 6.500 11-13-26   466,000 433,572
SBL Holdings, Inc. (9.508% to 5-13-30, then 5 Year CMT + 5.580%) (A)(B) 9.508 05-13-30   634,000 645,095
Health care 1.2%       1,042,591
Health care equipment and supplies 0.7%        
Dentsply Sirona, Inc. (8.375% to 9-12-30, then 5 Year CMT + 4.379%) 8.375 09-12-55   580,000 584,757
Health care providers and services 0.5%        
CVS Health Corp. (7.000% to 3-10-30, then 5 Year CMT + 2.886%) 7.000 03-10-55   445,000 457,834
Industrials 1.3%       1,127,069
Machinery 0.3%        
Stanley Black & Decker, Inc. (6.707% to 3-15-30, then 5 Year CMT + 2.657%) 6.707 03-15-60   285,000 277,352
Trading companies and distributors 1.0%        
Air Lease Corp. (6.000% to 12-15-29, then 5 Year CMT + 2.560%) (B) 6.000 09-24-29   865,000 849,717
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 49
  Rate (%) Maturity date   Par value^ Value
Materials 0.7%       $568,608
Chemicals 0.7%        
FMC Corp. (8.450% to 11-1-30, then 5 Year CMT + 4.366%) 8.450 11-01-55   550,000 568,608
Real estate 0.8%       700,995
Residential REITs 0.8%        
BW Real Estate, Inc. (9.500% to 3-30-30, then 5 Year CMT + 5.402%) (A)(B) 9.500 03-30-30   695,000 700,995
Utilities 16.6%       14,044,149
Electric utilities 7.1%        
Brookfield Infrastructure Finance ULC (6.750% to 3-15-30, then 5 Year CMT + 2.453%) 6.750 03-15-55   763,000 768,756
Duke Energy Corp. (6.450% to 9-1-34, then 5 Year CMT + 2.588%) 6.450 09-01-54   580,000 597,179
Entergy Corp. (7.125% to 12-1-29, then 5 Year CMT + 2.670%) 7.125 12-01-54   498,000 515,568
EUSHI Finance, Inc. (7.625% to 12-15-29, then 5 Year CMT + 3.136%) 7.625 12-15-54   779,000 813,920
Evergy, Inc. (6.650% to 6-1-30, then 5 Year CMT + 2.558%) 6.650 06-01-55   800,000 807,877
Exelon Corp. (6.500% to 3-15-35, then 5 Year CMT + 1.975%) 6.500 03-15-55   765,000 781,697
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) 6.375 08-15-55   250,000 256,493
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (A)(B) 10.250 03-15-28   448,000 493,121
PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) 7.375 03-15-55   998,000 963,052
Gas utilities 2.1%        
AltaGas, Ltd. (7.200% to 10-15-34, then 5 Year CMT + 3.573%) (A) 7.200 10-15-54   1,000,000 1,007,656
Northwest Natural Holding Company (7.000% to 9-15-35, then 5 Year CMT + 2.701%) 7.000 09-15-55   725,000 737,158
Independent power and renewable electricity producers 2.2%        
The AES Corp. (7.600% to 1-15-30, then 5 Year CMT + 3.201%) 7.600 01-15-55   696,000 702,991
Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (A)(B) 8.000 10-15-26   549,000 560,373
Vistra Corp. (8.875% to 1-15-29, then 5 Year CMT + 5.045%) (A)(B) 8.875 01-15-29   587,000 636,178
Multi-utilities 5.2%        
CenterPoint Energy, Inc. (6.850% to 2-15-35, then 5 Year CMT + 2.946%) 6.850 02-15-55   819,000 854,127
CMS Energy Corp. (6.500% to 6-1-35, then 5 Year CMT + 1.961%) 6.500 06-01-55   872,000 879,249
Dominion Energy, Inc. (6.625% to 5-15-35, then 5 Year CMT + 2.207%) 6.625 05-15-55   800,000 819,742
NiSource, Inc. (6.375% to 3-31-35, then 5 Year CMT + 2.527%) 6.375 03-31-55   471,000 477,019
NiSource, Inc. (6.950% to 11-30-29, then 5 Year CMT + 2.451%) 6.950 11-30-54   188,000 194,811
Sempra (6.400% to 10-1-34, then 5 Year CMT + 2.632%) 6.400 10-01-54   907,000 877,396
Sempra (6.875% to 10-1-29, then 5 Year CMT + 2.789%) 6.875 10-01-54   297,000 299,786
U.S. Government and Agency obligations 0.5%     $384,685
(Cost $379,900)          
U.S. Government Agency 0.5%         384,685
Farm Credit Bank of Texas
Bond (7.000% to 9-15-30, then 5 Year CMT + 3.010%) (B) 		7.000 09-15-30   379,000 384,685
Capital preferred securities 0.3%     $292,397
(Cost $292,409)          
Financials 0.3%       292,397
Insurance 0.3%        
MetLife Capital Trust IV (7.875% to 12-15-37, then 3 month CME Term SOFR + 4.222%) (A) 7.875 12-15-37   268,000 292,397
    
        Shares Value
Preferred securities 45.7%     $38,793,292
(Cost $38,779,800)          
Communication services 3.0%       2,523,464
Diversified telecommunication services 1.0%        
AT&T, Inc., 5.000%       43,000 879,350
Wireless telecommunication services 2.0%        
Telephone & Data Systems, Inc., 6.000%       34,905 643,648
Telephone & Data Systems, Inc., 6.625%       19,975 423,470
U.S. Cellular Corp., 6.250%       22,583 576,996
50 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
        Shares Value
Financials 30.6%       $25,992,624
Banks 12.5%        
Associated Banc-Corp., 6.625% (6.625% to 3-1-28, then 5 Year CMT + 2.812%)       15,000 371,550
Bank of America Corp., 6.450%       9,313 235,060
Bank of America Corp., 7.250%       676 824,720
Bank of America Corp., 5.000%       27,150 555,218
Bank of Hawaii Corp., 8.000%       8,589 226,406
Citigroup Capital XIII, 10.942% (3 month CME Term SOFR + 6.632%) (C)       22,924 675,570
Citizens Financial Group, Inc., 6.500% (6.500% 10-6-30, then 5 Year CMT + 2.629%)       11,275 282,664
Citizens Financial Group, Inc., 7.375%       17,654 467,301
Fifth Third Bancorp, 6.000%       13,530 329,997
First Busey Corp., 8.250%       8,925 225,803
Huntington Bancshares, Inc., 6.875% (6.875% to 4-15-28, then 5 Year CMT + 2.704%)       10,356 265,321
JPMorgan Chase & Co., 4.200%       34,000 620,840
KeyCorp, 5.650%       19,620 433,798
KeyCorp, 6.125% (6.125% to 12-15-26, then 3 month CME Term SOFR + 4.154%)       15,419 384,858
KeyCorp, 6.200% (6.200% to 12-15-27, then 5 Year CMT + 3.132%)       17,498 436,050
M&T Bank Corp., 5.625% (5.625% to 12-15-26, then 3 month CME Term SOFR + 4.280%)       10,000 250,900
M&T Bank Corp., 7.500%       11,855 320,441
Regions Financial Corp., 4.450%       14,934 270,007
Regions Financial Corp., 6.950% (6.950% to 9-15-29, then 5 Year CMT + 2.771%)       19,500 497,640
Synovus Financial Corp., 7.922% (3 month CME Term SOFR + 3.614%) (C)       3,952 101,369
Synovus Financial Corp., 8.397% (5 Year CMT + 4.127%) (C)       21,229 556,837
Truist Financial Corp., 4.750%       27,775 538,002
U.S. Bancorp, 5.500%       13,175 304,738
UMB Financial Corp., 7.750% (7.750% to 7-15-30, then 5 Year CMT + 3.743%)       12,900 337,980
Wells Fargo & Company, 7.500%       318 376,684
WesBanco, Inc., 6.750% (6.750% to 11-15-25, then 5 Year CMT + 6.557%)       8,492 216,801
Wintrust Financial Corp., 7.875% (7.875% to 7-15-30, then 5 Year CMT + 3.878%)       18,350 480,770
Capital markets 4.0%        
Affiliated Managers Group, Inc., 6.750%       25,400 617,220
Brookfield Finance, Inc., 4.625%       20,085 320,958
Carlyle Finance LLC, 4.625%       16,077 291,476
Morgan Stanley, 6.375%       18,672 465,493
Morgan Stanley, 6.500%       10,924 279,654
Morgan Stanley, 6.625%       5,533 142,530
Morgan Stanley, 6.875%       6,853 173,038
Morgan Stanley, 7.125%       11,656 296,412
The Bank of New York Mellon Corp., 6.150% (6.150% to 3-20-30, then 5 Year CMT + 2.161%)       10,200 263,364
TPG Operating Group II LP, 6.950%       22,131 574,963
Consumer finance 1.4%        
Capital One Financial Corp., 4.800%       11,000 206,030
Capital One Financial Corp., 5.000%       24,625 484,374
Synchrony Financial, 8.250% (8.250% to 5-15-29, then 5 Year CMT + 4.044%)       17,970 466,142
Financial services 2.7%        
Apollo Global Management, Inc., 7.625% (7.625% to 12-15-28, then 5 Year CMT + 3.226%)       19,020 506,503
Corebridge Financial, Inc., 6.375%       12,125 294,516
Jackson Financial, Inc., 8.000% (8.000% to 3-30-28, then 5 Year CMT + 3.728%)       14,543 380,736
KKR Group Finance Company IX LLC, 4.625%       41,164 742,599
National Rural Utilities Cooperative Finance Corp., 5.500%       16,226 400,133
Insurance 10.0%        
AEGON Funding Company LLC, 5.100%       20,547 411,967
American Financial Group, Inc., 5.125%       15,809 298,000
American National Group, Inc., 6.625% (6.625% to 9-1-25, then 5 Year CMT + 6.297%)       14,876 376,363
American National Group, Inc., 7.375%       26,950 681,835
Aspen Insurance Holdings, Ltd., 7.000%       23,375 577,363
Assurant, Inc., 5.250%       31,600 623,468
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 51
        Shares Value
Financials (continued)        
Insurance (continued)        
Athene Holding, Ltd., 6.350% (6.350% to 6-30-29, then 3 month LIBOR + 4.253%)       32,219 $801,931
Athene Holding, Ltd., 7.750% (7.750% to 12-30-27, then 5 Year CMT + 3.962%)       21,735 570,761
Brighthouse Financial, Inc., 6.600%       30,646 506,885
F&G Annuities & Life, Inc., 7.300%       26,950 649,765
F&G Annuities & Life, Inc., 7.950%       17,743 475,335
Lincoln National Corp., 9.000%       13,486 368,572
Reinsurance Group of America, Inc., 7.125% (7.125% to 10-15-27, then 5 Year CMT + 3.456%)       21,287 551,759
RenaissanceRe Holdings, Ltd., 4.200%       34,646 558,147
The Allstate Corp., 7.375%       5,305 142,811
Unum Group, 6.250%       13,506 316,851
W.R. Berkley Corp., 5.100%       29,500 587,345
Information technology 1.1%       915,243
Software 1.1%        
MicroStrategy, Inc., 9.000%       3,500 330,680
MicroStrategy, Inc., 10.000%       6,845 584,563
Real estate 1.7%       1,453,918
Diversified REITs 0.2%        
Global Net Lease, Inc., 7.500%       7,000 161,700
Hotel and resort REITs 0.3%        
Pebblebrook Hotel Trust, 6.375%       16,147 302,918
Office REITs 0.4%        
Vornado Realty Trust, 5.400%       18,830 338,752
Specialized REITs 0.8%        
Public Storage, 4.625%       34,366 650,548
Utilities 9.3%       7,908,043
Electric utilities 5.5%        
Duke Energy Corp., 5.750%       19,543 486,034
NextEra Energy Capital Holdings, Inc., 6.500%       34,550 867,205
NextEra Energy, Inc., 6.926%       2,590 105,543
NextEra Energy, Inc., 7.234%       14,450 639,268
PG&E Corp., 6.000%       13,800 524,538
SCE Trust VI, 5.000%       8,838 146,711
SCE Trust VII, 7.500%       31,822 736,043
SCE Trust VIII, 6.950%       7,162 160,644
The Southern Company, 4.950%       22,125 456,660
The Southern Company, 6.500%       20,500 534,845
Gas utilities 0.8%        
Spire, Inc., 5.900%       29,248 709,264
Multi-utilities 3.0%        
Algonquin Power & Utilities Corp., 8.573% (3 month CME Term SOFR + 4.272% to 7-1-29, then 3 month CME Term SOFR + 4.522% to 7-1-49, then 3 month CME Term SOFR + 5.272%) (C)       18,751 489,964
CMS Energy Corp., 5.625%       8,778 191,887
CMS Energy Corp., 5.875%       16,187 369,873
CMS Energy Corp., 5.875%       24,478 569,603
DTE Energy Company, 5.250%       18,772 424,059
Sempra, 5.750%       22,348 495,902
    
52 JOHN HANCOCK ACTIVE FIXED INCOME ETFS | QUARTERLY REPORT SEE NOTES TO FUNDS’ INVESTMENTS
    Yield (%)   Shares Value
Short-term investments 2.0%     $1,651,301
(Cost $1,651,213)          
Short-term funds 2.0%         1,651,301
John Hancock Collateral Trust (D) 4.2650(E)   165,099 1,651,301
Total investments (Cost $82,646,994) 99.0%       $83,960,646
Other assets and liabilities, net 1.0%       840,902
Total net assets 100.0%         $84,801,548
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
ICE Intercontinental Exchange
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
(A) 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. Rule 144A securities amounted to $9,093,731 or 10.7% of the fund’s net assets as of 7-31-25.
(B) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(C) Variable rate obligation. The coupon rate shown represents the rate at period end.
(D) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(E) The rate shown is the annualized seven-day yield as of 7-31-25.
The fund had the following country composition as a percentage of net assets on 7-31-25:
United States 84.7%
Canada 10.5%
Japan 1.8%
Bermuda 1.3%
Other countries 1.7%
TOTAL 100.0%
SEE NOTES TO FUNDS’ INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK ACTIVE FIXED INCOME ETFS 53
Notes to Funds’ 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 funds’ valuation designee.
In order to value the securities, the funds use the following valuation techniques: 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. 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 funds in open-end mutual funds, including John Hancock Collateral Trust, are valued at their respective NAVs each business day. Futures contracts whose settlement prices are determined as of the close of the NYSE are typically valued based on the settlement price while other futures contracts are typically valued at the last traded price on the exchange on which they trade.
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.
The funds 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 funds’ 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
Core Bond ETF        
Investments in securities:        
Assets        
U.S. Government and Agency obligations   $8,109,569 —   $8,109,569 —
Corporate bonds   4,203,343 —   4,203,343 —
Collateralized mortgage obligations   831,093 —   831,093 —
Asset-backed securities   1,027,445 —   1,027,445 —
Short-term investments   216,590   $216,590 — —
Total investments in securities   $14,388,040   $216,590   $14,171,450 —
 
Core Plus Bond ETF        
Investments in securities:        
Assets        
U.S. Government and Agency obligations   $28,701,893 —   $28,701,893 —
Corporate bonds   19,973,286 —   19,973,286 —
Collateralized mortgage obligations   1,730,301 —   1,730,301 —
Asset-backed securities   2,780,900 —   2,780,900 —
Short-term investments   348,556   $348,556 — —
Total investments in securities   $53,534,936   $348,556   $53,186,380 —
 
Corporate Bond ETF        
Investments in securities:        
Assets        
Corporate bonds   $60,673,761 —   $60,673,761 —
54  |   
  Total
value at
7-31-25 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
Corporate Bond ETF (continued)        
Short-term investments   $454,680   $454,680 — —
Total investments in securities   $61,128,441   $454,680   $60,673,761 —
 
Dynamic Municipal Bond ETF        
Investments in securities:        
Assets        
Municipal bonds   $26,217,858 —   $26,217,858 —
Short-term investments   1,981,352   $1,981,352 — —
Total investments in securities   $28,199,210   $1,981,352   $26,217,858 —
 
High Yield ETF        
Investments in securities:        
Assets        
Corporate bonds   $42,097,244 —   $42,097,244 —
Short-term investments   545,401   $545,401 — —
Total investments in securities   $42,642,645   $545,401   $42,097,244 —
 
Mortgage-Backed Securities ETF        
Investments in securities:        
Assets        
U.S. Government and Agency obligations   $94,549,393 —   $94,549,393 —
Collateralized mortgage obligations   28,655,363 —   28,655,363 —
Asset-backed securities   18,906,389 —   18,906,389 —
Short-term investments   2,493,143   $2,493,143 — —
Total investments in securities   $144,604,288   $2,493,143   $142,111,145 —
Derivatives:        
Assets        
Futures   $14,284   $14,284 — —
 
Preferred Income ETF        
Investments in securities:        
Assets        
Corporate bonds   $42,838,971 —   $42,838,971 —
U.S. Government and Agency obligations   384,685 —   384,685 —
Capital preferred securities   292,397 —   292,397 —
Preferred securities   38,793,292   $38,793,292 — —
Short-term investments   1,651,301   1,651,301 — —
Total investments in securities   $83,960,646   $40,444,593   $43,516,053 —
Investment in affiliated underlying funds. The funds may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the funds’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the funds, 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
Core Bond ETF
John Hancock Collateral Trust 21,655   $50,018   $1,396,641   $(1,230,098)   $28   $1   $2,091 —   $216,590
   |  55
              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
Core Plus Bond ETF
John Hancock Collateral Trust 34,849   $466,811   $6,590,150   $(6,708,371)   $(14)   $(20)   $5,060 —   $348,556
Corporate Bond ETF
John Hancock Collateral Trust 45,459   $16,974   $3,133,157   $(2,695,432)   $(35)   $16   $3,428 —   $454,680
Dynamic Municipal Bond ETF
John Hancock Collateral Trust 198,098   $2,378,219   $6,004,458   $(6,401,053)   $(57)   $(215)   $17,482 —   $1,981,352
Mortgage-Backed Securities ETF
John Hancock Collateral Trust 249,267   $4,377,989   $13,680,470   $(15,564,948)   $(3)   $(365)   $53,262 —   $2,493,143
Preferred Income ETF
John Hancock Collateral Trust 165,099   $1,859,543   $11,213,873   $(11,422,047)   $57   $(126)   $29,486 —   $1,651,301
For additional information on the funds’ significant accounting policies and risks, please refer to the funds’ most recent semiannual or annual shareholder report and prospectus.
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