Quarterly portfolio holdings
John Hancock
Income Securities Trust
Closed-end fixed income
July 31, 2025
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
Fund’s investments
As of 7-31-25 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 68.2% (41.8% of Total investments)   $96,801,350
(Cost $98,538,450)          
U.S. Government 7.9%         11,169,165
U.S. Treasury          
Bond 1.625 11-15-50   537,000 278,841
Bond 3.375 11-15-48   412,000 321,923
Bond 4.625 11-15-44   816,000 789,353
Bond 4.625 02-15-55   2,789,000 2,671,775
Note (A) 3.750 04-15-26   205,000 204,347
Note 3.875 03-31-27   1,152,000 1,149,705
Note (A)(B) 3.875 06-30-30   1,058,000 1,054,198
Note 4.000 06-30-32   25,000 24,797
Note (A) 4.250 10-15-25   3,300,000 3,299,502
Note 4.250 03-15-27   102,000 102,379
Note (A)(B) 4.250 06-30-29   943,000 954,198
Note 4.250 05-15-35   50,000 49,563
Note (A)(B) 4.375 08-15-26   268,000 268,584
U.S. Government Agency 60.3%         85,632,185
Federal Home Loan Mortgage Corp.          
15 Yr Pass Thru (A) 4.500 01-01-38   1,394,220 1,383,741
30 Yr Pass Thru (A) 3.500 07-01-46   301,245 277,090
30 Yr Pass Thru (A) 3.500 10-01-46   269,123 244,348
30 Yr Pass Thru (A) 3.500 12-01-46   114,507 105,111
30 Yr Pass Thru (A) 3.500 02-01-47   662,430 607,037
30 Yr Pass Thru (A) 3.500 11-01-48   1,218,931 1,116,622
30 Yr Pass Thru (A) 4.000 05-01-52   708,257 661,864
30 Yr Pass Thru (A) 4.500 07-01-52   211,553 202,376
30 Yr Pass Thru (A) 4.500 07-01-52   1,759,805 1,683,464
30 Yr Pass Thru (A) 4.500 08-01-52   121,300 116,227
30 Yr Pass Thru (A) 4.500 08-01-52   610,896 584,968
30 Yr Pass Thru (A) 4.500 08-01-52   507,410 485,874
30 Yr Pass Thru (A) 4.500 09-01-52   325,956 311,714
30 Yr Pass Thru (A) 4.500 09-01-52   361,870 346,737
30 Yr Pass Thru (A) 4.500 09-01-52   3,093,803 2,963,461
30 Yr Pass Thru (A) 4.500 02-01-54   296,573 283,429
30 Yr Pass Thru (A) 5.000 07-01-52   918,098 903,554
30 Yr Pass Thru (A) 5.000 07-01-52   801,747 789,547
30 Yr Pass Thru (A) 5.000 08-01-52   787,920 770,409
30 Yr Pass Thru (A) 5.000 08-01-52   616,262 604,958
30 Yr Pass Thru (A) 5.000 10-01-52   704,544 693,163
30 Yr Pass Thru (A) 5.000 11-01-52   1,547,141 1,528,917
30 Yr Pass Thru 5.000 12-01-52   923,435 903,612
30 Yr Pass Thru (A) 5.000 02-01-53   358,288 351,381
30 Yr Pass Thru (A) 5.000 02-01-53   1,355,310 1,332,569
30 Yr Pass Thru (A) 5.000 04-01-53   580,658 571,822
30 Yr Pass Thru (A) 5.000 05-01-53   1,312,142 1,287,009
30 Yr Pass Thru (A) 5.000 12-01-54   341,319 334,818
30 Yr Pass Thru (A) 5.500 09-01-52   885,022 889,223
30 Yr Pass Thru (A) 5.500 11-01-52   1,687,981 1,695,993
30 Yr Pass Thru (A) 5.500 11-01-52   1,806,862 1,814,309
30 Yr Pass Thru (A) 5.500 02-01-53   791,130 797,357
30 Yr Pass Thru (A) 5.500 02-01-53   820,851 824,234
30 Yr Pass Thru (A) 5.500 03-01-53   650,091 653,176
30 Yr Pass Thru (A) 5.500 04-01-53   730,096 735,843
30 Yr Pass Thru (A) 5.500 04-01-53   502,354 501,913
30 Yr Pass Thru (A) 5.500 06-01-53   849,721 851,312
2 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)          
30 Yr Pass Thru (A) 5.500 06-01-53   818,602 $822,488
30 Yr Pass Thru (A) 5.500 06-01-53   644,818 647,234
30 Yr Pass Thru (A) 5.500 07-01-53   927,253 930,104
30 Yr Pass Thru (A) 5.500 07-01-53   671,488 671,989
30 Yr Pass Thru (A) 5.500 07-01-53   670,188 672,531
30 Yr Pass Thru (A) 5.500 07-01-53   559,158 560,414
30 Yr Pass Thru (A) 5.500 12-01-53   508,820 509,104
30 Yr Pass Thru (A) 5.500 04-01-54   675,977 676,355
30 Yr Pass Thru (A) 5.500 08-01-54   661,900 666,166
30 Yr Pass Thru (A) 5.500 02-01-55   415,062 416,384
30 Yr Pass Thru (A) 5.500 03-01-55   674,409 675,618
30 Yr Pass Thru (A) 6.000 04-01-53   771,480 790,871
30 Yr Pass Thru (A) 6.000 05-01-53   652,710 669,116
30 Yr Pass Thru (A) 6.000 08-01-53   610,195 625,913
30 Yr Pass Thru (A) 6.000 09-01-53   826,894 847,677
30 Yr Pass Thru (A) 6.000 10-01-53   551,237 563,714
30 Yr Pass Thru (A) 6.000 11-01-53   593,938 605,989
30 Yr Pass Thru (A) 6.000 11-01-53   626,136 640,210
30 Yr Pass Thru (A) 6.000 03-01-54   584,421 596,280
30 Yr Pass Thru (A) 6.500 09-01-53   618,699 643,606
30 Yr Pass Thru (A) 6.500 10-01-53   655,305 679,965
Federal National Mortgage Association          
30 Yr Pass Thru (A) 3.000 12-01-51   745,785 646,325
30 Yr Pass Thru (A) 3.500 12-01-42   867,566 810,208
30 Yr Pass Thru (A) 3.500 01-01-43   965,635 902,014
30 Yr Pass Thru (A) 3.500 04-01-45   320,827 295,553
30 Yr Pass Thru (A) 3.500 11-01-46   657,740 601,959
30 Yr Pass Thru (A) 3.500 07-01-47   666,813 609,429
30 Yr Pass Thru (A) 3.500 07-01-47   611,810 562,601
30 Yr Pass Thru (A) 3.500 11-01-47   280,984 256,540
30 Yr Pass Thru (A) 3.500 09-01-49   135,955 123,065
30 Yr Pass Thru (A) 3.500 03-01-50   347,874 314,349
30 Yr Pass Thru (A) 4.000 09-01-41   231,837 222,089
30 Yr Pass Thru (A) 4.000 01-01-49   623,755 582,507
30 Yr Pass Thru (A) 4.000 07-01-49   128,132 120,220
30 Yr Pass Thru (A) 4.000 08-01-49   266,975 250,572
30 Yr Pass Thru (A) 4.000 02-01-50   218,751 204,422
30 Yr Pass Thru (A) 4.000 03-01-51   691,573 647,569
30 Yr Pass Thru (A) 4.000 08-01-51   470,405 441,356
30 Yr Pass Thru (A) 4.000 10-01-51   928,197 867,977
30 Yr Pass Thru (A) 4.000 04-01-52   90,469 84,203
30 Yr Pass Thru (A) 4.000 06-01-52   926,175 861,166
30 Yr Pass Thru (A) 4.000 06-01-52   960,034 892,648
30 Yr Pass Thru (A) 4.000 06-01-52   709,966 662,573
30 Yr Pass Thru (A) 4.000 07-01-52   373,504 347,871
30 Yr Pass Thru (A) 4.500 06-01-52   379,611 363,618
30 Yr Pass Thru (A) 4.500 06-01-52   887,040 848,560
30 Yr Pass Thru (A) 4.500 08-01-52   444,859 424,866
30 Yr Pass Thru (A) 4.500 08-01-52   98,802 94,670
30 Yr Pass Thru (A) 4.500 08-01-52   735,001 701,968
30 Yr Pass Thru 4.500 09-01-52   595,077 571,494
30 Yr Pass Thru (A) 5.000 06-01-52   588,573 579,433
30 Yr Pass Thru (A) 5.000 08-01-52   1,104,416 1,081,916
30 Yr Pass Thru (A) 5.000 09-01-52   292,679 287,311
30 Yr Pass Thru (A) 5.000 10-01-52   1,277,432 1,253,403
30 Yr Pass Thru (A) 5.000 10-01-52   680,494 669,714
30 Yr Pass Thru (A) 5.000 11-01-52   2,441,702 2,403,021
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 3
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)          
30 Yr Pass Thru (A) 5.000 12-01-52   620,575 $610,744
30 Yr Pass Thru 5.000 03-01-53   989,956 973,655
30 Yr Pass Thru (A) 5.000 11-01-53   460,013 448,664
30 Yr Pass Thru (A) 5.000 11-01-54   536,229 523,294
30 Yr Pass Thru (A) 5.500 10-01-52   525,412 527,414
30 Yr Pass Thru (A) 5.500 01-01-53   1,724,802 1,731,911
30 Yr Pass Thru (A) 5.500 02-01-53   754,166 760,103
30 Yr Pass Thru (A) 5.500 03-01-53   600,164 603,013
30 Yr Pass Thru (A) 5.500 04-01-53   1,513,014 1,516,886
30 Yr Pass Thru (A) 5.500 05-01-53   900,680 904,110
30 Yr Pass Thru (A) 5.500 05-01-53   1,065,246 1,072,965
30 Yr Pass Thru (A) 5.500 05-01-53   912,671 917,004
30 Yr Pass Thru (A) 5.500 05-01-53   657,366 660,486
30 Yr Pass Thru (A) 5.500 07-01-53   565,560 567,714
30 Yr Pass Thru (A) 5.500 11-01-53   668,303 667,089
30 Yr Pass Thru (A) 5.500 05-01-54   553,219 554,116
30 Yr Pass Thru (A) 5.500 10-01-54   672,843 674,986
30 Yr Pass Thru (A) 6.000 05-01-53   624,553 641,227
30 Yr Pass Thru (A) 6.000 07-01-53   603,635 617,675
30 Yr Pass Thru (A) 6.000 08-01-53   671,550 682,710
30 Yr Pass Thru (A) 6.000 08-01-53   540,971 550,138
30 Yr Pass Thru (A) 6.000 07-01-54   538,099 551,792
30 Yr Pass Thru (A) 6.500 04-01-53   638,023 664,954
30 Yr Pass Thru (A) 6.500 05-01-53   462,696 479,494
30 Yr Pass Thru (A) 6.500 08-01-53   615,828 642,207
30 Yr Pass Thru (A) 6.500 08-01-53   649,743 676,559
30 Yr Pass Thru (A) 6.500 09-01-53   618,228 643,116
30 Yr Pass Thru (A) 6.500 10-01-53   494,997 514,003
30 Yr Pass Thru (A) 6.500 11-01-53   523,627 546,056
Corporate bonds 73.1% (44.8% of Total investments)   $103,726,198
(Cost $103,106,992)          
Communication services 4.4%       6,184,412
Diversified telecommunication services 1.5%      
AT&T, Inc. (A) 2.750 06-01-31   491,000 443,871
AT&T, Inc. 3.550 09-15-55   432,000 289,640
AT&T, Inc. 4.500 05-15-35   136,000 129,043
GCI LLC (C) 4.750 10-15-28   208,000 200,765
IHS Holding, Ltd. (C) 7.875 05-29-30   200,000 202,546
IHS Holding, Ltd. (A)(B)(C) 8.250 11-29-31   228,000 232,371
Iliad Holding SAS (C) 7.000 04-15-32   200,000 205,278
Level 3 Financing, Inc. (C) 6.875 06-30-33   279,000 282,726
Windstream Services LLC (C) 8.250 10-01-31   92,000 96,314
Entertainment 0.1%      
WMG Acquisition Corp. (C) 3.875 07-15-30   119,000 111,067
Interactive media and services 0.2%      
Match Group Holdings II LLC (C) 3.625 10-01-31   67,000 59,951
Match Group Holdings II LLC (C) 4.125 08-01-30   186,000 173,468
Media 1.7%      
CCO Holdings LLC 4.500 05-01-32   91,000 82,570
Charter Communications Operating LLC 2.800 04-01-31   396,000 350,820
Charter Communications Operating LLC 6.384 10-23-35   338,000 349,426
Gray Media, Inc. (A)(B)(C) 10.500 07-15-29   191,000 206,700
Midcontinent Communications (A)(B)(C) 8.000 08-15-32   216,000 227,913
News Corp. (A)(C) 3.875 05-15-29   166,000 158,495
News Corp. (A)(C) 5.125 02-15-32   64,000 62,377
4 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Communication services (continued)        
Media (continued)      
Paramount Global 4.200 05-19-32   78,000 $71,515
Paramount Global 4.375 03-15-43   161,000 121,856
Paramount Global 4.950 05-19-50   328,000 253,181
Sirius XM Radio LLC (C) 4.000 07-15-28   179,000 170,370
TCI Communications, Inc. (A) 7.875 02-15-26   415,000 421,651
Wireless telecommunication services 0.9%      
T-Mobile USA, Inc. (A) 3.875 04-15-30   696,000 674,586
T-Mobile USA, Inc. (A) 4.850 01-15-29   230,000 232,812
T-Mobile USA, Inc. (A) 5.375 04-15-27   135,000 134,842
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   228,000 238,258
Consumer discretionary 6.2%       8,841,107
Automobile components 0.1%      
Dealer Tire LLC (C) 8.000 02-01-28   117,000 114,550
Automobiles 2.5%      
Ford Motor Company 9.625 04-22-30   390,000 451,976
Ford Motor Credit Company LLC 4.000 11-13-30   624,000 572,752
Ford Motor Credit Company LLC 5.113 05-03-29   440,000 430,440
Ford Motor Credit Company LLC 5.800 03-08-29   287,000 287,538
Ford Motor Credit Company LLC 6.054 11-05-31   245,000 245,140
Ford Motor Credit Company LLC 6.125 03-08-34   502,000 489,586
Ford Motor Credit Company LLC 7.122 11-07-33   195,000 202,760
General Motors Financial Company, Inc. (A) 5.850 04-06-30   670,000 692,402
General Motors Financial Company, Inc. (A)(B) 5.950 04-04-34   174,000 176,852
Broadline retail 0.2%      
Macy’s Retail Holdings LLC (A)(B)(C) 5.875 03-15-30   91,000 89,846
Macy’s Retail Holdings LLC (A)(B)(C) 6.125 03-15-32   89,000 85,215
Macy’s Retail Holdings LLC (C) 7.375 08-01-33   157,000 157,598
Diversified consumer services 0.0%      
Service Corp. International 5.750 10-15-32   43,000 43,102
Hotels, restaurants and leisure 1.9%      
Booking Holdings, Inc. (A) 4.625 04-13-30   73,000 73,560
Caesars Entertainment, Inc. (A)(B)(C) 6.000 10-15-32   244,000 235,505
Caesars Entertainment, Inc. (C) 6.500 02-15-32   99,000 100,962
Carnival Corp. (C) 5.750 08-01-32   316,000 318,139
Carnival Corp. (C) 5.875 06-15-31   192,000 194,880
Full House Resorts, Inc. (A)(B)(C) 8.250 02-15-28   167,000 161,663
Hilton Grand Vacations Borrower LLC (C) 6.625 01-15-32   191,000 193,144
Jacobs Entertainment, Inc. (C) 6.750 02-15-29   77,000 75,075
MGM Resorts International 4.750 10-15-28   332,000 327,606
Midwest Gaming Borrower LLC (C) 4.875 05-01-29   210,000 202,321
NCL Corp., Ltd. (C) 6.750 02-01-32   160,000 164,339
Resorts World Las Vegas LLC (A)(B)(C) 4.625 04-16-29   200,000 177,888
Rivers Enterprise Borrower LLC (C) 6.625 02-01-33   140,000 141,348
Royal Caribbean Cruises, Ltd. (A)(C) 5.625 09-30-31   87,000 87,625
Royal Caribbean Cruises, Ltd. (A)(C) 6.250 03-15-32   50,000 51,319
Sabre GLBL, Inc. (C) 11.125 07-15-30   152,000 160,246
Travel + Leisure Company (C) 4.625 03-01-30   91,000 87,210
Household durables 0.5%      
Brookfield Residential Properties, Inc. (C) 5.000 06-15-29   117,000 108,952
Century Communities, Inc. (C) 3.875 08-15-29   124,000 114,309
KB Home 4.000 06-15-31   178,000 163,388
Newell Brands, Inc. 6.375 05-15-30   125,000 121,130
Newell Brands, Inc. (C) 8.500 06-01-28   113,000 118,410
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 5
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)        
Specialty retail 0.9%      
Asbury Automotive Group, Inc. (C) 4.625 11-15-29   55,000 $52,847
Asbury Automotive Group, Inc. 4.750 03-01-30   145,000 139,261
AutoNation, Inc. (A) 4.750 06-01-30   189,000 187,327
Global Auto Holdings, Ltd. (C) 8.750 01-15-32   192,000 170,012
Global Auto Holdings, Ltd. (A)(B)(C) 11.500 08-15-29   132,000 131,022
Group 1 Automotive, Inc. (C) 4.000 08-15-28   107,000 103,166
Lithia Motors, Inc. (C) 3.875 06-01-29   80,000 75,378
Lithia Motors, Inc. (C) 4.375 01-15-31   144,000 135,452
Lithia Motors, Inc. (C) 4.625 12-15-27   40,000 39,380
Saks Global Enterprises LLC (C) 11.000 12-15-29   168,000 37,800
The Michaels Companies, Inc. (C) 5.250 05-01-28   191,000 151,458
The Michaels Companies, Inc. (C) 7.875 05-01-29   149,000 98,828
Textiles, apparel and luxury goods 0.1%      
S&S Holdings LLC (C) 8.375 10-01-31   59,000 56,528
Under Armour, Inc. (C) 7.250 07-15-30   43,000 43,872
Consumer staples 0.9%       1,314,190
Food products 0.9%      
JBS USA LUX SA (A) 5.750 04-01-33   384,000 393,782
JBS USA LUX SA (C) 5.950 04-20-35   55,000 56,751
MARB BondCo PLC (C) 3.950 01-29-31   299,000 265,322
Mars, Inc. (A)(C) 5.000 03-01-32   135,000 136,243
NBM US Holdings, Inc. (C) 6.625 08-06-29   298,000 300,228
Pilgrim’s Pride Corp. 6.250 07-01-33   154,000 161,864
Energy 12.5%       17,715,853
Oil, gas and consumable fuels 12.5%      
Aker BP ASA (C) 5.800 10-01-54   150,000 136,346
Aker BP ASA (C) 6.000 06-13-33   245,000 251,993
Antero Midstream Partners LP (C) 5.375 06-15-29   182,000 180,470
Antero Midstream Partners LP (C) 6.625 02-01-32   214,000 219,984
Ascent Resources Utica Holdings LLC (A)(B)(C) 5.875 06-30-29   237,000 236,152
Ascent Resources Utica Holdings LLC (C) 6.625 10-15-32   60,000 61,032
Ascent Resources Utica Holdings LLC (C) 6.625 07-15-33   73,000 74,011
Blue Racer Midstream LLC (C) 7.000 07-15-29   131,000 135,847
Blue Racer Midstream LLC (C) 7.250 07-15-32   183,000 192,937
Cheniere Energy Partners LP (A) 4.000 03-01-31   362,000 345,771
Cheniere Energy Partners LP (A)(B)(C) 5.550 10-30-35   114,000 114,575
Cheniere Energy Partners LP 5.950 06-30-33   232,000 242,169
Cheniere Energy, Inc. 5.650 04-15-34   107,000 108,841
Civitas Resources, Inc. (C) 8.625 11-01-30   111,000 113,246
Columbia Pipelines Holding Company LLC (C) 5.681 01-15-34   173,000 175,458
Columbia Pipelines Operating Company LLC (A)(C) 5.927 08-15-30   87,000 91,560
Columbia Pipelines Operating Company LLC (C) 6.036 11-15-33   280,000 294,325
Continental Resources, Inc. 4.900 06-01-44   162,000 127,100
Continental Resources, Inc. (A)(C) 5.750 01-15-31   259,000 260,356
DT Midstream, Inc. (A)(C) 4.375 06-15-31   457,000 434,973
DT Midstream, Inc. (C) 5.800 12-15-34   91,000 92,564
Enbridge, Inc. (5.500% to 7-15-27, then 3 month CME Term SOFR + 3.680% to 7-15-47, then 3 month CME Term SOFR + 4.430%) 5.500 07-15-77   340,000 336,622
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   347,000 343,530
Enbridge, Inc. (6.250% to 3-1-28, then 3 month CME Term SOFR + 3.903% to 3-1-48, then 3 month CME Term SOFR + 4.653%) 6.250 03-01-78   306,000 307,026
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) (A)(B) 8.500 01-15-84   352,000 396,445
Energean Israel Finance, Ltd. (C) 5.375 03-30-28   79,000 75,885
6 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Energy (continued)        
Oil, gas and consumable fuels (continued)      
Energean Israel Finance, Ltd. (C) 5.875 03-30-31   138,000 $128,626
Energy Transfer LP 5.150 03-15-45   345,000 302,064
Energy Transfer LP 5.400 10-01-47   250,000 222,501
Energy Transfer LP 5.600 09-01-34   129,000 130,455
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (D) 6.500 11-15-26   488,000 488,931
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) 7.125 05-15-30   381,000 390,081
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%) 5.250 08-16-77   580,000 573,554
EQT Corp. (A)(C) 6.375 04-01-29   108,000 111,193
EQT Corp. (A)(C) 7.500 06-01-30   90,000 98,625
Expand Energy Corp. (A) 4.750 02-01-32   171,000 166,092
Genesis Energy LP 7.875 05-15-32   100,000 103,420
Genesis Energy LP 8.000 05-15-33   197,000 204,241
Global Partners LP (C) 7.125 07-01-33   33,000 33,512
Global Partners LP (C) 8.250 01-15-32   227,000 238,012
Gulfstream Natural Gas System LLC (C) 5.600 07-23-35   94,000 94,538
Harbour Energy PLC (C) 6.327 04-01-35   339,000 339,164
Hess Midstream Operations LP (C) 4.250 02-15-30   59,000 57,088
Hess Midstream Operations LP (C) 5.500 10-15-30   25,000 25,109
Hess Midstream Operations LP (C) 6.500 06-01-29   44,000 45,324
Howard Midstream Energy Partners LLC (C) 7.375 07-15-32   27,000 27,916
Leviathan Bond, Ltd. (C) 6.500 06-30-27   327,000 324,548
Leviathan Bond, Ltd. (C) 6.750 06-30-30   64,000 63,168
Long Ridge Energy LLC (C) 8.750 02-15-32   247,000 256,144
Matador Resources Company (C) 6.250 04-15-33   98,000 97,087
MC Brazil Downstream Trading SARL (C) 7.250 06-30-31   190,652 155,324
MPLX LP (A) 4.950 09-01-32   149,000 147,186
MPLX LP 5.000 03-01-33   152,000 149,688
Occidental Petroleum Corp. 5.375 01-01-32   96,000 95,190
Occidental Petroleum Corp. 6.050 10-01-54   241,000 220,331
Occidental Petroleum Corp. 6.450 09-15-36   262,000 266,647
Occidental Petroleum Corp. 6.600 03-15-46   126,000 124,490
Occidental Petroleum Corp. 6.625 09-01-30   678,000 715,684
Occidental Petroleum Corp. 8.500 07-15-27   405,000 426,078
ONEOK, Inc. 6.050 09-01-33   242,000 253,945
ONEOK, Inc. 6.625 09-01-53   260,000 268,900
Ovintiv, Inc. 6.250 07-15-33   132,000 136,501
Ovintiv, Inc. (A) 7.200 11-01-31   84,000 91,355
Parkland Corp. (C) 4.500 10-01-29   157,000 151,262
Parkland Corp. (C) 4.625 05-01-30   132,000 126,585
Parkland Corp. (C) 6.625 08-15-32   67,000 68,483
Sabine Pass Liquefaction LLC (A) 4.500 05-15-30   416,000 413,949
Sunoco LP 4.500 04-30-30   238,000 228,200
Sunoco LP (C) 6.250 07-01-33   92,000 93,178
Sunoco LP (C) 7.000 05-01-29   137,000 141,804
Sunoco LP (C) 7.250 05-01-32   137,000 143,575
Targa Resources Corp. 5.500 02-15-35   237,000 236,863
Targa Resources Corp. (A) 6.150 03-01-29   222,000 232,408
Targa Resources Partners LP (A) 4.000 01-15-32   267,000 248,766
Var Energi ASA (C) 5.875 05-22-30   215,000 221,253
Var Energi ASA (C) 8.000 11-15-32   715,000 811,557
Venture Global Calcasieu Pass LLC (C) 4.125 08-15-31   119,000 109,919
Venture Global LNG, Inc. (A)(B)(C) 7.000 01-15-30   132,000 133,850
Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (C)(D) 9.000 09-30-29   439,000 439,112
Venture Global LNG, Inc. (C) 9.500 02-01-29   333,000 363,163
Viper Energy Partners LLC 4.900 08-01-30   70,000 69,705
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 7
  Rate (%) Maturity date   Par value^ Value
Energy (continued)        
Oil, gas and consumable fuels (continued)      
Western Midstream Operating LP (A) 4.050 02-01-30   234,000 $224,745
Western Midstream Operating LP 5.450 11-15-34   118,000 115,691
Whistler Pipeline LLC (A)(C) 5.400 09-30-29   96,000 97,341
Whistler Pipeline LLC (A)(C) 5.700 09-30-31   120,000 122,514
Financials 24.6%       34,868,572
Banks 15.2%      
Banco Santander SA (9.625% to 11-21-33, then 5 Year CMT + 5.298%) (D) 9.625 05-21-33   287,000 338,968
Bank of America Corp. (4.571% to 4-27-32, then Overnight SOFR + 1.830%) (A) 4.571 04-27-33   198,000 194,931
Bank of America Corp. (5.015% to 7-22-32, then Overnight SOFR + 2.160%) (A) 5.015 07-22-33   965,000 975,081
Bank of America Corp. (5.425% to 8-15-34, then Overnight SOFR + 1.913%) 5.425 08-15-35   535,000 535,965
Bank of America Corp. (5.518% to 10-25-34, then Overnight SOFR + 1.738%) 5.518 10-25-35   70,000 70,067
Bank of America Corp. (6.204% to 11-10-27, then Overnight SOFR + 1.990%) (A) 6.204 11-10-28   309,000 320,686
Bank of America Corp. (6.625% to 5-1-30, then 5 Year CMT + 2.684%) (D) 6.625 05-01-30   344,000 352,274
Bank of Montreal (7.700% to 5-26-29, then 5 Year CMT + 3.452%) (A) 7.700 05-26-84   548,000 573,292
Barclays PLC (5.367% to 2-25-30, then Overnight SOFR + 1.230%) (A)(B) 5.367 02-25-31   227,000 231,902
Barclays PLC (7.385% to 11-2-27, then 1 Year CMT + 3.300%) (A) 7.385 11-02-28   435,000 460,044
Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (D) 8.000 03-15-29   274,000 290,397
BNP Paribas SA (5.497% to 5-20-29, then Overnight SOFR + 1.590%) (A)(C) 5.497 05-20-30   201,000 206,413
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (C)(D) 9.250 11-17-27   206,000 221,717
Citibank NA (A) 5.488 12-04-26   430,000 435,642
Citigroup, Inc. (6.174% to 5-25-33, then Overnight SOFR + 2.661%) 6.174 05-25-34   288,000 301,179
Citigroup, Inc. (6.270% to 11-17-32, then Overnight SOFR + 2.338%) 6.270 11-17-33   150,000 161,566
Citizens Financial Group, Inc. (5.253% to 3-5-30, then Overnight SOFR + 1.259%) 5.253 03-05-31   168,000 170,162
Citizens Financial Group, Inc. (5.718% to 7-23-31, then Overnight SOFR + 1.910%) 5.718 07-23-32   199,000 205,315
Comerica, Inc. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) (A) 5.982 01-30-30   151,000 155,267
Credit Agricole SA (5.335% to 1-10-29, then Overnight SOFR + 1.690%) (A)(C) 5.335 01-10-30   440,000 449,369
Credit Agricole SA (6.316% to 10-3-28, then Overnight SOFR + 1.860%) (A)(C) 6.316 10-03-29   281,000 294,653
Danske Bank A/S (5.019% to 3-4-30, then 1 Year CMT + 0.930%) (A)(C) 5.019 03-04-31   234,000 236,286
Fifth Third Bancorp (4.772% to 7-28-29, then SOFR Compounded Index + 2.127%) (A) 4.772 07-28-30   95,000 95,389
Fifth Third Bancorp (5.631% to 1-29-31, then Overnight SOFR + 1.840%) 5.631 01-29-32   167,000 172,993
Fifth Third Bancorp (3 month CME Term SOFR + 3.295%) (D)(E) 7.590 08-30-25   173,000 172,760
First Citizens BancShares, Inc. (5.231% to 3-12-30, then Overnight SOFR + 1.410%) 5.231 03-12-31   225,000 226,204
First Horizon Corp. (5.514% to 3-7-30, then Overnight SOFR + 1.766%) 5.514 03-07-31   134,000 136,332
Huntington Bancshares, Inc. (5.272% to 1-15-30, then Overnight SOFR + 1.276%) 5.272 01-15-31   137,000 139,856
Huntington Bancshares, Inc. (6.141% to 11-18-34, then 5 Year CMT + 1.700%) 6.141 11-18-39   71,000 72,578
Huntington Bancshares, Inc. (6.208% to 8-21-28, then Overnight SOFR + 2.020%) (A) 6.208 08-21-29   106,000 110,901
JPMorgan Chase & Co. (4.912% to 7-25-32, then Overnight SOFR + 2.080%) (A) 4.912 07-25-33   345,000 347,081
JPMorgan Chase & Co. (4.995% to 7-22-29, then Overnight SOFR + 1.125%) (A) 4.995 07-22-30   244,000 248,141
JPMorgan Chase & Co. (5.012% to 1-23-29, then Overnight SOFR + 1.310%) (A) 5.012 01-23-30   260,000 264,384
JPMorgan Chase & Co. (5.294% to 7-22-34, then Overnight SOFR + 1.460%) (A) 5.294 07-22-35   342,000 346,512
JPMorgan Chase & Co. (5.502% to 1-24-35, then Overnight SOFR + 1.315%) (A) 5.502 01-24-36   222,000 227,763
JPMorgan Chase & Co. (5.576% to 7-23-35, then Overnight SOFR + 1.635%) (A) 5.576 07-23-36   571,000 578,397
JPMorgan Chase & Co. (5.581% to 4-22-29, then Overnight SOFR + 1.160%) (A) 5.581 04-22-30   169,000 175,191
JPMorgan Chase & Co. (5.717% to 9-14-32, then Overnight SOFR + 2.580%) (A) 5.717 09-14-33   355,000 369,922
JPMorgan Chase & Co. (A) 8.750 09-01-30   375,000 442,361
KeyCorp (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%) (A)(B) 5.121 04-04-31   233,000 235,502
Lloyds Banking Group PLC (6.068% to 6-13-35, then 1 Year CMT + 1.600%) 6.068 06-13-36   238,000 243,527
Lloyds Banking Group PLC (6.750% to 9-27-31, then 5 Year CMT + 3.150%) (A)(B)(D) 6.750 09-27-31   200,000 198,754
M&T Bank Corp. (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%) (A)(B)(D) 5.125 11-01-26   141,000 139,441
M&T Bank Corp. (5.179% to 7-8-30, then Overnight SOFR + 1.400%) 5.179 07-08-31   117,000 118,339
M&T Bank Corp. (5.385% to 1-16-35, then Overnight SOFR + 1.610%) 5.385 01-16-36   181,000 180,343
M&T Bank Corp. (5.400% to 7-30-30, then 5 Year CMT + 1.430%) (A)(B) 5.400 07-30-35   208,000 208,316
NatWest Group PLC (5.516% to 9-30-27, then 1 Year CMT + 2.270%) (A) 5.516 09-30-28   342,000 348,489
NatWest Group PLC (7.300% to 5-19-35, then 5 Year CMT + 2.937%) (D) 7.300 11-19-34   236,000 243,843
NatWest Group PLC (8.125% to 5-10-34, then 5 Year CMT + 3.752%) (D) 8.125 11-10-33   308,000 337,442
8 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Banks (continued)      
Popular, Inc. 7.250 03-13-28   218,000 $227,986
Regions Financial Corp. (5.502% to 9-6-34, then Overnight SOFR + 2.060%) (A)(B) 5.502 09-06-35   375,000 377,706
Regions Financial Corp. (5.722% to 6-6-29, then Overnight SOFR + 1.490%) (A) 5.722 06-06-30   98,000 101,280
Santander Holdings USA, Inc. (A) 4.400 07-13-27   395,000 394,460
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (C)(D) 5.375 11-18-30   269,000 249,176
The PNC Financial Services Group, Inc. (4.812% to 10-21-31, then Overnight SOFR + 1.259%) (A) 4.812 10-21-32   236,000 235,824
The PNC Financial Services Group, Inc. (5.575% to 1-29-35, then Overnight SOFR + 1.394%) (A) 5.575 01-29-36   158,000 162,026
The PNC Financial Services Group, Inc. (5.939% to 8-18-33, then Overnight SOFR + 1.946%) (A) 5.939 08-18-34   158,000 166,601
The PNC Financial Services Group, Inc. (6.200% to 9-15-27, then 5 Year CMT + 3.238%) (A)(B)(D) 6.200 09-15-27   355,000 358,837
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (A)(B)(D) 6.250 03-15-30   216,000 218,459
Truist Financial Corp. (5.153% to 8-5-31, then Overnight SOFR + 1.571%) 5.153 08-05-32   234,000 237,994
Truist Financial Corp. (5.867% to 6-8-33, then Overnight SOFR + 2.361%) 5.867 06-08-34   504,000 526,956
Truist Financial Corp. (7.161% to 10-30-28, then Overnight SOFR + 2.446%) (A) 7.161 10-30-29   683,000 737,254
U.S. Bancorp (4.839% to 2-1-33, then Overnight SOFR + 1.600%) (A) 4.839 02-01-34   276,000 272,482
U.S. Bancorp (5.083% to 5-15-30, then Overnight SOFR + 1.296%) (A) 5.083 05-15-31   165,000 167,960
U.S. Bancorp (5.384% to 1-23-29, then Overnight SOFR + 1.560%) (A) 5.384 01-23-30   153,000 157,156
U.S. Bancorp (5.836% to 6-10-33, then Overnight SOFR + 2.260%) (A) 5.836 06-12-34   287,000 300,992
U.S. Bancorp (6.787% to 10-26-26, then Overnight SOFR + 1.880%) (A) 6.787 10-26-27   272,000 279,142
Wachovia Corp. (A) 7.574 08-01-26   465,000 478,075
Wells Fargo & Company (4.808% to 7-25-27, then Overnight SOFR + 1.980%) (A) 4.808 07-25-28   621,000 624,406
Wells Fargo & Company (4.897% to 7-25-32, then Overnight SOFR + 2.100%) 4.897 07-25-33   438,000 437,611
Wells Fargo & Company (5.211% to 12-3-34, then Overnight SOFR + 1.380%) 5.211 12-03-35   176,000 176,477
Wells Fargo & Company (5.244% to 1-24-30, then Overnight SOFR + 1.110%) 5.244 01-24-31   140,000 143,334
Wells Fargo & Company (6.491% to 10-23-33, then Overnight SOFR + 2.060%) 6.491 10-23-34   901,000 985,077
Capital markets 5.1%      
Ares Capital Corp. (A) 7.000 01-15-27   325,000 334,555
Ares Strategic Income Fund (A)(C) 5.450 09-09-28   114,000 113,812
Ares Strategic Income Fund (A) 5.600 02-15-30   180,000 179,353
Ares Strategic Income Fund (A) 5.700 03-15-28   45,000 45,236
Ares Strategic Income Fund (A)(C) 5.800 09-09-30   226,000 226,149
Ares Strategic Income Fund (A) 6.200 03-21-32   160,000 161,872
Ares Strategic Income Fund (A) 6.350 08-15-29   74,000 75,702
Blackstone Private Credit Fund (A) 5.250 04-01-30   187,000 185,180
Blackstone Private Credit Fund (A) 5.950 07-16-29   142,000 144,847
Blackstone Private Credit Fund (A) 6.000 01-29-32   181,000 183,326
Blackstone Private Credit Fund (A) 7.050 09-29-25   445,000 446,424
Blackstone Private Credit Fund (A) 7.300 11-27-28   139,000 147,558
Blackstone Secured Lending Fund (A) 5.350 04-13-28   179,000 180,435
Brookfield Finance, Inc. (6.300% to 1-15-35, then 5 Year CMT + 2.076%) 6.300 01-15-55   226,000 217,888
Deutsche Bank AG (5.297% to 5-9-30, then Overnight SOFR + 1.720%) (A) 5.297 05-09-31   154,000 156,564
Deutsche Bank AG (6.720% to 1-18-28, then Overnight SOFR + 3.180%) (A) 6.720 01-18-29   205,000 214,684
Deutsche Bank AG (6.819% to 11-20-28, then Overnight SOFR + 2.510%) (A) 6.819 11-20-29   171,000 182,009
Deutsche Bank AG (7.079% to 11-10-32, then Overnight SOFR + 3.650%) (A) 7.079 02-10-34   265,000 285,622
HPS Corporate Lending Fund (A)(B) 5.950 04-14-32   91,000 90,284
Jefferies Financial Group, Inc. (A)(B) 6.200 04-14-34   199,000 207,891
Lazard Group LLC (A) 4.375 03-11-29   230,000 227,669
Macquarie Group, Ltd. (5.033% to 1-15-29, then 3 month CME Term SOFR + 2.012%) (A)(C) 5.033 01-15-30   230,000 232,723
Morgan Stanley (5.173% to 1-16-29, then Overnight SOFR + 1.450%) (A) 5.173 01-16-30   394,000 401,920
Morgan Stanley (5.320% to 7-19-34, then Overnight SOFR + 1.555%) (A) 5.320 07-19-35   189,000 191,379
Morgan Stanley (5.948% to 1-19-33, then 5 Year CMT + 2.430%) 5.948 01-19-38   531,000 547,814
MSCI, Inc. (A)(C) 3.625 11-01-31   305,000 280,569
Sixth Street Lending Partners (A) 5.750 01-15-30   113,000 113,136
Sixth Street Lending Partners (A)(C) 6.125 07-15-30   90,000 91,700
The Bank of New York Mellon Corp. (4.942% to 2-11-30, then Overnight SOFR + 0.887%) (A) 4.942 02-11-31   140,000 142,583
The Charles Schwab Corp. (5.853% to 5-19-33, then Overnight SOFR + 2.500%) (A) 5.853 05-19-34   139,000 147,331
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 9
  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Capital markets (continued)      
The Goldman Sachs Group, Inc. (6.484% to 10-24-28, then Overnight SOFR + 1.770%) (A) 6.484 10-24-29   345,000 $364,735
UBS Group AG (5.428% to 2-8-29, then 1 Year CMT + 1.520%) (C) 5.428 02-08-30   209,000 214,277
UBS Group AG (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%) (C)(D) 7.000 02-10-30   200,000 204,007
UBS Group AG (9.250% to 11-13-33, then 5 Year CMT + 4.758%) (C)(D) 9.250 11-13-33   298,000 349,316
Consumer finance 1.0%      
Ally Financial, Inc. (5.548% to 7-31-32, then Overnight SOFR + 1.780%) (A)(B) 5.548 07-31-33   229,000 229,318
Ally Financial, Inc. (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%) (A) 5.737 05-15-29   108,000 109,992
Ally Financial, Inc. (6.184% to 7-26-34, then Overnight SOFR + 2.290%) 6.184 07-26-35   150,000 153,494
Ally Financial, Inc. (A) 8.000 11-01-31   296,000 334,399
Enova International, Inc. (C) 9.125 08-01-29   58,000 60,728
OneMain Finance Corp. (F) 6.125 05-15-30   219,000 219,368
OneMain Finance Corp. 9.000 01-15-29   96,000 100,734
Trust Fibra Uno (C) 7.375 02-13-34   233,000 241,166
Financial services 0.9%      
Apollo Debt Solutions BDC (A)(B) 6.700 07-29-31   191,000 198,895
Apollo Debt Solutions BDC (A) 6.900 04-13-29   328,000 342,622
Enact Holdings, Inc. (A) 6.250 05-28-29   242,000 250,036
Macquarie Airfinance Holdings, Ltd. (C) 5.150 03-17-30   54,000 53,955
Rocket Companies, Inc. (C) 6.125 08-01-30   117,000 118,632
Rocket Companies, Inc. (C) 6.375 08-01-33   147,000 149,938
TrueNoord Capital DAC (C) 8.750 03-01-30   98,000 101,639
Insurance 2.3%      
AmWINS Group, Inc. (C) 6.375 02-15-29   86,000 87,576
Athene Global Funding (A)(C) 4.721 10-08-29   135,000 134,213
Athene Global Funding (A)(C) 5.322 11-13-31   162,000 162,958
Athene Holding, Ltd. (A)(B) 5.875 01-15-34   135,000 139,198
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) 6.625 10-15-54   95,000 93,503
CNA Financial Corp. (A) 3.900 05-01-29   150,000 146,446
CNO Financial Group, Inc. (A) 5.250 05-30-29   384,000 387,308
CNO Financial Group, Inc. 6.450 06-15-34   121,000 126,060
GA Global Funding Trust (A)(C) 5.200 12-09-31   158,000 157,988
Global Atlantic Financial Company (4.700% to 10-15-26, then 5 Year CMT + 3.796%) (C) 4.700 10-15-51   163,000 159,556
Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (C) 7.950 10-15-54   68,000 71,060
Liberty Mutual Group, Inc. (4.125% to 12-15-26, then 5 Year CMT + 3.315%) (C) 4.125 12-15-51   203,000 197,542
MassMutual Global Funding II (A)(C) 4.350 09-17-31   200,000 196,415
MetLife, Inc. (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%) 6.400 12-15-36   355,000 369,580
Panther Escrow Issuer LLC (C) 7.125 06-01-31   233,000 240,945
Reinsurance Group of America, Inc. (6.650% to 9-15-35, then 5 Year CMT + 2.392%) 6.650 09-15-55   94,000 94,046
SBL Holdings, Inc. (A)(C) 5.000 02-18-31   70,000 64,344
Teachers Insurance & Annuity Association of America (A)(C) 4.270 05-15-47   430,000 347,609
Mortgage real estate investment trusts 0.1%      
Starwood Property Trust, Inc. (C) 6.000 04-15-30   158,000 159,551
Health care 3.4%       4,792,874
Biotechnology 1.1%      
AbbVie, Inc. (A) 5.050 03-15-34   83,000 84,048
Amgen, Inc. (A) 5.250 03-02-30   276,000 283,558
Amgen, Inc. (A) 5.250 03-02-33   537,000 547,758
Amgen, Inc. 5.650 03-02-53   277,000 267,855
Regeneron Pharmaceuticals, Inc. (A) 1.750 09-15-30   284,000 246,595
Star Parent, Inc. (C) 9.000 10-01-30   172,000 180,875
Health care equipment and supplies 0.5%      
Solventum Corp. (A) 5.400 03-01-29   204,000 209,883
Solventum Corp. (A) 5.450 03-13-31   392,000 406,015
Varex Imaging Corp. (C) 7.875 10-15-27   119,000 120,733
10 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Health care (continued)        
Health care providers and services 0.8%      
Centene Corp. 4.250 12-15-27   70,000 $67,878
DaVita, Inc. (C) 4.625 06-01-30   123,000 117,294
HCA, Inc. (A) 5.450 04-01-31   193,000 198,369
HCA, Inc. 5.500 06-01-33   230,000 234,801
Horizon Mutual Holdings, Inc. (C) 6.200 11-15-34   238,000 231,205
Humana, Inc. (A) 5.875 03-01-33   195,000 201,642
Pharmaceuticals 1.0%      
Amneal Pharmaceuticals LLC (C) 6.875 08-01-32   51,000 51,764
Endo Finance Holdings, Inc. (A)(B)(C) 8.500 04-15-31   104,000 110,639
IQVIA, Inc. (A) 6.250 02-01-29   224,000 234,070
Royalty Pharma PLC (A) 5.150 09-02-29   113,000 115,077
Teva Pharmaceutical Finance Netherlands IV BV 5.750 12-01-30   200,000 202,917
Viatris, Inc. 2.700 06-22-30   380,000 336,892
Viatris, Inc. 4.000 06-22-50   522,000 343,006
Industrials 6.6%       9,384,380
Aerospace and defense 0.7%      
Embraer Netherlands Finance BV (C) 7.000 07-28-30   225,000 241,097
The Boeing Company 6.528 05-01-34   628,000 683,520
Building products 0.4%      
Builders FirstSource, Inc. (C) 4.250 02-01-32   225,000 207,652
Builders FirstSource, Inc. (C) 6.375 06-15-32   135,000 138,052
Builders FirstSource, Inc. (A)(B)(C) 6.375 03-01-34   199,000 201,927
Builders FirstSource, Inc. (C) 6.750 05-15-35   61,000 62,543
Commercial services and supplies 0.4%      
Allied Universal Holdco LLC (C) 6.875 06-15-30   112,000 114,662
Allied Universal Holdco LLC (C) 7.875 02-15-31   291,000 305,153
Cimpress PLC (C) 7.375 09-15-32   197,000 192,564
Construction and engineering 0.5%      
Brundage-Bone Concrete Pumping Holdings, Inc. (C) 7.500 02-01-32   55,000 54,748
CIMIC Finance USA Pty, Ltd. (A)(B)(C) 7.000 03-25-34   177,000 188,154
Global Infrastructure Solutions, Inc. (C) 5.625 06-01-29   141,000 140,269
MasTec, Inc. (A) 5.900 06-15-29   131,000 135,362
Quanta Services, Inc. 5.250 08-09-34   102,000 103,071
Williams Scotsman, Inc. (C) 6.625 06-15-29   80,000 81,985
Electrical equipment 0.2%      
EMRLD Borrower LP (C) 6.625 12-15-30   242,000 246,745
Machinery 0.2%      
Flowserve Corp. (A) 3.500 10-01-30   184,000 173,172
JB Poindexter & Company, Inc. (C) 8.750 12-15-31   162,000 165,683
Passenger airlines 2.8%      
Air Canada 2020-1 Class C Pass Through Trust (C) 10.500 07-15-26   233,000 244,184
American Airlines 2016-1 Class A Pass Through Trust (A) 4.100 01-15-28   236,162 227,511
American Airlines 2016-3 Class A Pass Through Trust (A) 3.250 10-15-28   28,699 26,911
American Airlines 2017-1 Class A Pass Through Trust (A) 4.000 02-15-29   135,915 129,560
American Airlines 2017-1 Class AA Pass Through Trust (A) 3.650 02-15-29   184,500 177,518
American Airlines 2017-2 Class A Pass Through Trust (A) 3.600 10-15-29   148,453 138,751
American Airlines 2019-1 Class A Pass Through Trust (A) 3.500 02-15-32   268,166 240,957
American Airlines 2019-1 Class AA Pass Through Trust (A) 3.150 02-15-32   188,736 173,199
American Airlines 2019-1 Class B Pass Through Trust 3.850 02-15-28   66,392 64,258
American Airlines 2021-1 Class A Pass Through Trust (A) 2.875 07-11-34   307,122 270,789
American Airlines 2021-1 Class B Pass Through Trust (A) 3.950 07-11-30   202,210 191,721
American Airlines, Inc. (A)(B)(C) 7.250 02-15-28   166,000 169,389
British Airways 2018-1 Class A Pass Through Trust (A)(C) 4.125 09-20-31   76,749 73,380
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 11
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)        
Passenger airlines (continued)      
British Airways 2020-1 Class A Pass Through Trust (A)(C) 4.250 11-15-32   84,944 $81,971
British Airways 2020-1 Class B Pass Through Trust (A)(C) 8.375 11-15-28   41,762 43,789
Delta Air Lines, Inc. (A) 4.375 04-19-28   143,000 141,921
JetBlue 2019-1 Class AA Pass Through Trust (A) 2.750 05-15-32   201,610 175,703
United Airlines 2016-1 Class A Pass Through Trust (A) 3.450 07-07-28   237,507 225,439
United Airlines 2019-1 Class A Pass Through Trust (A) 4.550 08-25-31   192,358 180,232
United Airlines 2020-1 Class A Pass Through Trust (A) 5.875 10-15-27   221,266 225,478
United Airlines 2023-1 Class A Pass Through Trust (A) 5.800 01-15-36   256,567 261,572
United Airlines 2024-1 Class A Pass Through Trust (A) 5.875 02-15-37   190,329 190,723
United Airlines 2024-1 Class AA Pass Through Trust 5.450 02-15-37   226,016 228,823
United Airlines, Inc. (C) 4.625 04-15-29   64,000 62,497
Trading companies and distributors 1.4%      
AerCap Ireland Capital DAC 3.300 01-30-32   672,000 607,954
AerCap Ireland Capital DAC 6.450 04-15-27   405,000 416,589
AerCap Ireland Capital DAC (6.500% to 1-31-31, then 5 Year CMT + 2.441%) (A)(B) 6.500 01-31-56   150,000 151,832
Air Lease Corp. (A) 5.100 03-01-29   165,000 168,041
Air Lease Corp. (A) 5.850 12-15-27   290,000 298,476
Ashtead Capital, Inc. (C) 5.550 05-30-33   200,000 202,141
BlueLinx Holdings, Inc. (C) 6.000 11-15-29   161,000 156,712
Information technology 3.5%       4,959,567
IT services 0.2%      
CoreWeave, Inc. (C) 9.000 02-01-31   153,000 152,348
CoreWeave, Inc. (C) 9.250 06-01-30   118,000 118,596
Virtusa Corp. (C) 7.125 12-15-28   56,000 53,502
Semiconductors and semiconductor equipment 1.7%      
Broadcom, Inc. (C) 3.419 04-15-33   588,000 531,914
Broadcom, Inc. (A) 4.550 02-15-32   93,000 91,761
Broadcom, Inc. (A) 4.900 07-15-32   330,000 331,017
Foundry JV Holdco LLC (C) 5.875 01-25-34   239,000 241,325
Kioxia Holdings Corp. (C) 6.625 07-24-33   308,000 304,773
Micron Technology, Inc. (A) 5.300 01-15-31   179,000 182,685
Micron Technology, Inc. (A) 5.650 11-01-32   178,000 184,001
Micron Technology, Inc. (A) 5.875 02-09-33   140,000 145,608
Micron Technology, Inc. (A)(B) 5.875 09-15-33   164,000 171,037
Qorvo, Inc. (C) 3.375 04-01-31   95,000 85,283
Qorvo, Inc. 4.375 10-15-29   129,000 125,116
Software 1.0%      
Cloud Software Group, Inc. (C) 8.250 06-30-32   66,000 70,279
Consensus Cloud Solutions, Inc. (C) 6.500 10-15-28   119,000 118,343
Oracle Corp. (A) 5.250 02-03-32   159,000 162,357
Oracle Corp. 5.550 02-06-53   371,000 342,758
Oracle Corp. (A) 6.250 11-09-32   595,000 640,486
Rocket Software, Inc. (C) 9.000 11-28-28   109,000 112,483
Technology hardware, storage and peripherals 0.6%      
CDW LLC (A) 5.100 03-01-30   75,000 75,540
CDW LLC 5.550 08-22-34   100,000 100,742
Dell International LLC (A) 5.300 04-01-32   240,000 244,870
Dell International LLC 5.400 04-15-34   365,000 372,743
Materials 2.0%       2,854,027
Chemicals 0.0%      
Sasol Financing USA LLC 5.500 03-18-31   43,000 35,788
Construction materials 0.6%      
Cemex SAB de CV (C) 3.875 07-11-31   255,000 235,703
12 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Materials (continued)        
Construction materials (continued)      
Cemex SAB de CV (C) 5.200 09-17-30   256,000 $253,915
JH North America Holdings, Inc. (C) 5.875 01-31-31   45,000 45,154
JH North America Holdings, Inc. (C) 6.125 07-31-32   68,000 68,705
Quikrete Holdings, Inc. (C) 6.375 03-01-32   129,000 132,302
Standard Building Solutions, Inc. (C) 6.250 08-01-33   92,000 92,876
Containers and packaging 0.3%      
Clydesdale Acquisition Holdings, Inc. (C) 6.875 01-15-30   163,000 166,689
Graphic Packaging International LLC (C) 3.500 03-01-29   165,000 154,693
Toucan FinCo, Ltd. (C) 9.500 05-15-30   161,000 164,849
Metals and mining 0.9%      
Alcoa Nederland Holding BV (C) 7.125 03-15-31   231,000 240,835
Arsenal AIC Parent LLC (C) 8.000 10-01-30   201,000 213,062
Capstone Copper Corp. (C) 6.750 03-31-33   47,000 47,900
Champion Iron Canada, Inc. (C) 7.875 07-15-32   173,000 176,694
CSN Resources SA (C) 4.625 06-10-31   188,000 148,038
Freeport-McMoRan, Inc. (A)(B) 5.400 11-14-34   196,000 198,386
Novelis Corp. (C) 4.750 01-30-30   193,000 184,876
Novelis Corp. (C) 6.875 01-30-30   41,000 42,248
Paper and forest products 0.2%      
Magnera Corp. (C) 7.250 11-15-31   267,000 251,314
Real estate 2.0%       2,882,056
Hotel and resort REITs 0.0%      
XHR LP (C) 6.625 05-15-30   90,000 91,474
Specialized REITs 2.0%      
American Tower Corp. (A) 5.200 02-15-29   830,000 846,718
American Tower Trust I (A)(C) 5.490 03-15-28   300,000 304,124
GLP Capital LP 4.000 01-15-30   121,000 115,733
GLP Capital LP 6.750 12-01-33   90,000 96,406
Iron Mountain Information Management Services, Inc. (C) 5.000 07-15-32   54,000 51,532
Iron Mountain, Inc. (C) 5.250 07-15-30   130,000 127,755
Iron Mountain, Inc. (C) 6.250 01-15-33   129,000 131,203
SBA Tower Trust (A)(C) 6.599 01-15-28   96,000 98,429
Uniti Group LP (A)(B)(C) 6.500 02-15-29   75,000 72,961
VICI Properties LP (A)(C) 3.875 02-15-29   151,000 146,070
VICI Properties LP (A)(C) 4.625 12-01-29   279,000 273,417
VICI Properties LP (A) 5.125 11-15-31   274,000 273,839
VICI Properties LP (A) 5.125 05-15-32   253,000 252,395
Utilities 7.0%       9,929,160
Electric utilities 4.4%      
American Electric Power Company, Inc. (A) 5.625 03-01-33   94,000 97,484
Atlantica Transmision Sur SA (C) 6.875 04-30-43   224,150 236,884
Constellation Energy Generation LLC 6.125 01-15-34   54,000 58,082
Constellation Energy Generation LLC 6.500 10-01-53   138,000 149,272
Dominion Energy South Carolina, Inc. (A) 5.300 05-15-33   160,000 164,011
Duke Energy Corp. 5.750 09-15-33   278,000 291,439
Electricite de France SA (A)(C) 5.650 04-22-29   319,000 328,771
Electricite de France SA (9.125% to 6-15-33, then 5 Year CMT + 5.411%) (C)(D) 9.125 03-15-33   398,000 456,058
Exelon Corp. (A) 5.125 03-15-31   136,000 138,761
Exelon Corp. (6.500% to 3-15-35, then 5 Year CMT + 1.975%) (A)(B) 6.500 03-15-55   54,000 55,179
Georgia Power Company (A) 4.950 05-17-33   144,000 144,656
Monongahela Power Company (A)(C) 5.400 12-15-43   50,000 48,465
NextEra Energy Capital Holdings, Inc. (A) 5.000 07-15-32   90,000 90,896
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) 6.375 08-15-55   125,000 128,246
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 13
  Rate (%) Maturity date   Par value^ Value
Utilities (continued)        
Electric utilities (continued)      
NextEra Energy Capital Holdings, Inc. (6.500% to 8-15-35, then 5 Year CMT + 1.979%) 6.500 08-15-55   45,000 $46,443
NextEra Energy Capital Holdings, Inc. (6.700% to 9-1-29, then 5 Year CMT + 2.364%) 6.700 09-01-54   109,000 112,423
NRG Energy, Inc. (C) 3.625 02-15-31   132,000 120,834
NRG Energy, Inc. (C) 3.875 02-15-32   291,000 265,856
NRG Energy, Inc. (A)(C) 4.450 06-15-29   194,000 190,803
NRG Energy, Inc. 5.750 01-15-28   250,000 250,766
NRG Energy, Inc. (C) 5.750 07-15-29   201,000 199,218
NRG Energy, Inc. (C) 6.000 02-01-33   126,000 126,342
NRG Energy, Inc. (C) 6.250 11-01-34   126,000 127,671
NRG Energy, Inc. (A)(B)(C) 7.000 03-15-33   240,000 263,276
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (C)(D) 10.250 03-15-28   289,000 318,107
Pacific Gas & Electric Company 4.950 07-01-50   117,000 96,691
Pacific Gas & Electric Company 5.800 05-15-34   179,000 181,650
PacifiCorp (7.375% to 9-15-30, then 5 Year CMT + 3.319%) 7.375 09-15-55   189,000 193,490
PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) 7.375 03-15-55   292,000 281,775
Progress Energy, Inc. (A) 7.750 03-01-31   470,000 536,975
The Southern Company 5.200 06-15-33   83,000 84,414
The Southern Company 5.700 03-15-34   209,000 217,556
The Southern Company (6.375% to 3-15-35, then 5 Year CMT + 2.069%) (A)(B) 6.375 03-15-55   225,000 232,810
Gas utilities 0.0%      
AltaGas, Ltd. (7.200% to 10-15-34, then 5 Year CMT + 3.573%) (C) 7.200 10-15-54   86,000 86,659
Independent power and renewable electricity producers 1.5%      
AES Panama Generation Holdings SRL (C) 4.375 05-31-30   219,215 200,180
Alpha Generation LLC (C) 6.750 10-15-32   80,000 81,866
Capital Power US Holdings, Inc. (A)(C) 5.257 06-01-28   91,000 91,962
Capital Power US Holdings, Inc. (C) 6.189 06-01-35   155,000 159,392
Lightning Power LLC (C) 7.250 08-15-32   158,000 165,184
Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (C)(D) 8.000 10-15-26   141,000 143,921
Vistra Operations Company LLC (A)(C) 3.700 01-30-27   486,000 479,230
Vistra Operations Company LLC (A)(C) 4.300 07-15-29   441,000 434,107
Vistra Operations Company LLC (C) 6.875 04-15-32   96,000 99,749
Vistra Operations Company LLC (C) 6.950 10-15-33   213,000 234,158
Multi-utilities 1.1%      
CenterPoint Energy, Inc. (6.850% to 2-15-35, then 5 Year CMT + 2.946%) (A)(B) 6.850 02-15-55   74,000 77,174
CenterPoint Energy, Inc. (7.000% to 2-15-30, then 5 Year CMT + 3.254%) 7.000 02-15-55   266,000 277,552
Dominion Energy, Inc. (6.875% to 2-1-30, then 5 Year CMT + 2.386%) (A)(B) 6.875 02-01-55   171,000 178,941
Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) 7.000 06-01-54   120,000 128,017
NiSource, Inc. 5.350 04-01-34   165,000 167,558
NiSource, Inc. 5.400 06-30-33   115,000 117,390
Sempra (A)(B) 5.500 08-01-33   224,000 228,967
Sempra (6.400% to 10-1-34, then 5 Year CMT + 2.632%) (A)(B) 6.400 10-01-54   176,000 170,255
Sempra (6.875% to 10-1-29, then 5 Year CMT + 2.789%) 6.875 10-01-54   170,000 171,594
Municipal bonds 0.1% (0.1% of Total investments)   $127,812
(Cost $176,000)          
Golden State Tobacco Securitization Corp. (California) 4.214 06-01-50   176,000 127,812
Term loans (G) 0.5% (0.3% of Total investments)   $717,393
(Cost $720,764)          
Financials 0.1%         153,291
Insurance 0.1%      
AmWINS Group, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.606 01-30-32   153,230 153,291
Health care 0.1%         80,533
Pharmaceuticals 0.1%      
Endo Finance Holdings, Inc., 2024 1st Lien Term Loan (1 month CME Term SOFR + 4.000%) 8.356 04-23-31   80,393 80,533
14 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Industrials 0.2%         $322,984
Commercial services and supplies 0.1%      
GFL Environmental, Inc., 2025 Term Loan B (3 month CME Term SOFR + 2.500%) 6.824 03-03-32   96,000 96,030
Trading companies and distributors 0.1%      
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 8.356 01-17-32   232,000 226,954
Information technology 0.0%         43,027
Software 0.0%      
Clearwater Analytics LLC, 2025 Term Loan B (6 month CME Term SOFR + 2.250%) 6.460 04-21-32   43,000 43,027
Materials 0.1%         117,558
Construction materials 0.1%      
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 6.606 02-10-32   117,705 117,558
Collateralized mortgage obligations 9.7% (5.9% of Total investments)   $13,694,301
(Cost $16,649,017)          
Commercial and residential 8.2%         11,547,959
Angel Oak Mortgage Trust LLC          
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter) (C) 4.800 11-26-68   157,539 155,410
Avenue of Americas          
Series 2025-1301, Class A (C)(H) 5.227 08-11-30   178,000 178,000
BAHA Trust          
Series 2024-MAR, Class A (C)(H) 5.972 12-10-41   231,000 237,216
BAMLL Commercial Mortgage Securities Trust          
Series 2019-BPR, Class ENM (C)(H) 3.719 11-05-32   175,000 137,267
Barclays Commercial Mortgage Trust          
Series 2019-C5, Class A2 3.043 11-15-52   64,968 63,341
BBCMS Mortgage Trust          
Series 2020-C6, Class A2 2.690 02-15-53   110,846 103,800
Series 2024-5C29, Class A3 5.208 09-15-57   63,000 64,036
Series 2024-5C31, Class A3 5.609 12-15-57   66,000 68,170
Benchmark Mortgage Trust          
Series 2019-B12, Class A2 3.001 08-15-52   87,915 86,281
Series 2024-V12, Class A3 5.738 12-15-57   218,000 226,485
BMO Mortgage Trust          
Series 2024-5C8, Class A3 (H) 5.625 12-15-57   68,000 70,073
BRAVO Residential Funding Trust          
Series 2023-NQM7, Class A2 (7.383% to 10-1-27, then 8.383% thereafter) (C) 7.383 09-25-63   484,096 490,035
BX Trust          
Series 2019-OC11, Class A (C) 3.202 12-09-41   96,000 89,458
Series 2022-CLS, Class A (C) 5.760 10-13-27   221,000 222,549
CENT Trust          
Series 2025-CITY, Class A (C)(H) 5.091 07-10-40   117,000 117,399
Citigroup Commercial Mortgage Trust          
Series 2023-SMRT, Class A (C)(H) 5.820 10-12-40   177,000 181,623
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG)          
Series 2018-COR3, Class XA IO 0.436 05-10-51   3,779,825 38,275
Ellington Financial Mortgage Trust          
Series 2022-4, Class A1 (5.900% to 12-1-26, then 6.900% thereafter) (C) 5.900 09-25-67   321,878 322,404
Series 2023-1, Class A1 (5.732% to 1-1-27, then 6.732% thereafter) (C) 5.732 02-25-68   339,617 338,500
GCAT Trust          
Series 2023-NQM2, Class A1 (5.837% to 1-1-27, then 6.837% thereafter) (C) 5.837 11-25-67   341,986 341,146
Series 2023-NQM3, Class A1 (6.889% to 9-1-27, then 7.889% thereafter) (C) 6.889 08-25-68   304,190 306,934
GS Mortgage-Backed Securities Trust          
Series 2023-CCM1, Class A1 (C)(H) 6.650 08-25-53   297,847 298,323
HarborView Mortgage Loan Trust          
Series 2007-3, Class ES IO (C) 0.350 05-19-37   1,957,917 30,911
Series 2007-4, Class ES IO 0.350 07-19-37   2,030,292 32,061
Series 2007-6, Class ES IO (C) 0.343 08-19-37   2,224,627 36,630
Hudson Yards Mortgage Trust          
Series 2025-SPRL, Class A (C)(H) 5.467 01-13-40   200,000 205,028
Imperial Fund Mortgage Trust          
Series 2023-NQM1, Class A1 (5.941% to 1-1-27, then 6.941% thereafter) (C) 5.941 02-25-68   309,699 309,200
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 15
  Rate (%) Maturity date   Par value^ Value
Commercial and residential (continued)          
JPMorgan Chase Commercial Mortgage Securities Trust          
Series 2020-NNN, Class AFX (C) 2.812 01-16-37   195,000 $174,529
Natixis Commercial Mortgage Securities Trust          
Series 2018-ALXA, Class C (C)(H) 4.316 01-15-43   175,000 160,916
New Residential Mortgage Loan Trust          
Series 2022-NQM4, Class A1 (5.000% to 6-1-26, then 6.000% thereafter) (C) 5.000 06-25-62   464,173 460,481
Series 2023-NQM1, Class A1A (6.864% to 9-1-27, then 7.864% thereafter) (C) 6.864 10-25-63   329,768 332,386
NXPT Commercial Mortgage Trust          
Series 2024-STOR, Class A (C)(H) 4.312 11-05-41   115,000 112,577
OBX Trust          
Series 2022-NQM7, Class A1 (5.110% to 8-1-26, then 6.110% thereafter) (C) 5.110 08-25-62   427,736 425,061
Series 2023-NQM5, Class A1A (6.567% to 6-1-27, then 7.567% thereafter) (C) 6.567 06-25-63   280,434 282,024
Series 2024-NQM11, Class A2 (C) 6.128 06-25-64   460,113 461,658
ROCK Trust          
Series 2024-CNTR, Class A (C) 5.388 11-13-41   375,000 381,910
Series 2024-CNTR, Class D (C) 7.109 11-13-41   234,000 242,704
Starwood Mortgage Residential Trust          
Series 2022-4, Class A1 (5.192% to 6-1-26, then 6.192% thereafter) (C) 5.192 05-25-67   340,994 339,206
Towd Point Mortgage Trust          
Series 2019-1, Class A1 (C)(H) 3.750 03-25-58   95,720 92,633
Series 2024-4, Class A1A (C)(H) 4.498 10-27-64   87,814 87,605
VDCM Commercial Mortgage Trust          
Series 2025-AZ, Class A (C)(H) 5.229 07-13-44   137,000 136,655
Verus Securitization Trust          
Series 2023-2, Class A1 (6.193% to 3-1-27, then 7.193% thereafter) (C) 6.193 03-25-68   285,960 285,874
Series 2023-5, Class A1 (6.476% to 6-1-27, then 7.476% thereafter) (C) 6.476 06-25-68   242,483 243,462
Series 2023-6, Class A1 (6.665% to 9-1-27, then 7.665% thereafter) (C) 6.665 09-25-68   322,333 324,806
Series 2023-8, Class A2 (6.664% to 12-1-27, then 7.664% thereafter) (C) 6.664 12-25-68   296,817 299,229
Series 2023-INV1, Class A1 (5.999% to 2-1-27, then 6.999% thereafter) (C) 5.999 02-25-68   1,245,538 1,243,733
Series 2024-1, Class A3 (6.118% to 1-1-28, then 7.118% thereafter) (C) 6.118 01-25-69   468,300 468,366
Wells Fargo Commercial Mortgage Trust          
Series 2025-5C4, Class A3 5.673 05-15-58   135,000 139,999
WHARF Commercial Mortgage Trust          
Series 2025-DC, Class A (C)(H) 5.349 07-15-40   100,000 101,590
U.S. Government Agency 1.5%         2,146,342
Government National Mortgage Association          
Series 2012-114, Class IO (A) 0.631 01-16-53   382,716 5,946
Series 2016-174, Class IO (A) 0.888 11-16-56   602,738 24,954
Series 2017-109, Class IO 0.229 04-16-57   730,924 9,165
Series 2017-124, Class IO (A) 0.626 01-16-59   614,980 21,202
Series 2017-135, Class IO 0.697 10-16-58   987,396 31,866
Series 2017-140, Class IO 0.485 02-16-59   545,347 14,671
Series 2017-20, Class IO (A) 0.517 12-16-58   1,238,115 27,638
Series 2017-22, Class IO (A) 0.774 12-16-57   327,122 11,906
Series 2017-46, Class IO (A) 0.652 11-16-57   916,199 34,198
Series 2017-61, Class IO (A) 0.700 05-16-59   404,390 14,433
Series 2017-74, Class IO (A) 0.398 09-16-58   1,070,534 17,579
Series 2018-114, Class IO (A) 0.591 04-16-60   594,120 23,249
Series 2018-158, Class IO (A) 0.796 05-16-61   1,178,641 69,080
Series 2018-35, Class IO 0.542 03-16-60   1,434,355 45,879
Series 2018-43, Class IO (A) 0.455 05-16-60   1,552,535 49,224
Series 2018-69, Class IO (A) 0.608 04-16-60   604,951 27,002
Series 2018-9, Class IO (A) 0.444 01-16-60   1,147,337 33,996
Series 2019-131, Class IO (A) 0.803 07-16-61   889,611 50,319
Series 2020-100, Class IO (A) 0.786 05-16-62   1,039,195 61,746
Series 2020-108, Class IO (A) 0.847 06-16-62   1,162,380 66,514
Series 2020-114, Class IO 0.800 09-16-62   2,414,543 129,185
Series 2020-118, Class IO (A) 0.884 06-16-62   1,792,702 93,606
Series 2020-119, Class IO (A) 0.607 08-16-62   994,890 45,777
16 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)          
Series 2020-120, Class IO (A) 0.757 05-16-62   544,427 $31,558
Series 2020-137, Class IO (A) 0.798 09-16-62   2,862,232 164,144
Series 2020-150, Class IO 0.965 12-16-62   1,590,706 110,743
Series 2020-170, Class IO (A) 0.835 11-16-62   2,141,423 137,126
Series 2021-203, Class IO (A) 0.870 07-16-63   1,714,003 110,521
Series 2021-3, Class IO (A) 0.870 09-16-62   2,744,016 173,747
Series 2021-40, Class IO (A) 0.822 02-16-63   666,326 40,656
Series 2022-150, Class IO 0.822 06-16-64   249,507 14,310
Series 2022-17, Class IO (A) 0.802 06-16-64   1,444,139 83,025
Series 2022-181, Class IO 0.719 07-16-64   770,983 46,660
Series 2022-21, Class IO (A) 0.785 10-16-63   635,412 35,259
Series 2022-53, Class IO 0.708 06-16-64   2,394,501 110,413
Series 2023-197, Class IO (A) 1.241 09-16-65   508,204 42,822
Series 2024-179, Class XI IO (A) 0.831 12-16-66   1,889,258 136,223
Asset-backed securities 10.3% (6.3% of Total investments)   $14,646,670
(Cost $14,617,676)          
Asset-backed securities 10.3%         14,646,670
ABPCI Direct Lending Fund I, Ltd.          
Series 2020-1A, Class A (C) 3.199 12-29-30   64,966 64,038
Aligned Data Centers Issuer LLC          
Series 2023-2A, Class A2 (C) 6.500 11-16-48   164,000 166,314
Ally Auto Receivables Trust          
Series 2022-3, Class A4 5.070 10-16-28   500,000 501,865
American Express Credit Account Master Trust          
Series 2023-4, Class A 5.150 09-15-30   670,000 689,674
AMSR Trust          
Series 2025-SFR1, Class A (C) 3.655 06-17-42   100,000 94,844
Aqua Finance Trust          
Series 2021-A, Class A (C) 1.540 07-17-46   46,159 42,337
ARI Fleet Lease Trust          
Series 2023-B, Class A2 (C) 6.050 07-15-32   217,809 219,407
Avis Budget Rental Car Funding AESOP LLC          
Series 2023-1A, Class A (C) 5.250 04-20-29   580,000 589,377
Carmax Auto Owner Trust          
Series 2023-3, Class A4 5.260 02-15-29   100,000 101,242
CARS-DB7 LP          
Series 2023-1A, Class A1 (C) 5.750 09-15-53   412,867 414,765
Chesapeake Funding II LLC          
Series 2023-2A, Class A1 (C) 6.160 10-15-35   336,388 340,198
CLI Funding IX LLC          
Series 2025-1A, Class A (C) 5.350 06-20-50   149,679 149,907
Compass Datacenters Issuer II LLC          
Series 2024-1A, Class A1 (C) 5.250 02-25-49   160,000 161,276
Series 2025-1A, Class A1 (C) 5.316 05-25-50   136,000 137,177
Compass Datacenters Issuer III LLC          
Series 2025-2A, Class A2 (C) 5.835 02-25-50   73,000 73,198
Concord Music Royalties LLC          
Series 2025-2A, Class A (C) 5.785 07-20-75   128,000 128,314
Consolidated Communications LLC          
Series 2025-1A, Class A2 (C) 6.000 05-20-55   166,000 169,323
ContiMortgage Home Equity Loan Trust          
Series 1995-2, Class A5 8.100 08-15-25   14,518 9,674
CyrusOne Data Centers Issuer I LLC          
Series 2023-1A, Class A2 (C) 4.300 04-20-48   262,000 254,748
Series 2024-2A, Class A2 (C) 4.500 05-20-49   243,000 236,133
DB Master Finance LLC          
Series 2017-1A, Class A2II (C) 4.030 11-20-47   157,675 154,404
Dell Equipment Finance Trust          
Series 2023-2, Class A3 (C) 5.650 01-22-29   233,943 234,844
Diamond Infrastructure Funding LLC          
Series 2021-1A, Class C (C) 3.475 04-15-49   80,000 75,574
Ford Credit Auto Lease Trust          
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 17
  Rate (%) Maturity date   Par value^ Value
Asset-backed securities (continued)          
Series 2023-B, Class A4 5.870 01-15-27   175,000 $175,645
Ford Credit Auto Owner Trust          
Series 2022-D, Class A3 5.270 05-17-27   179,601 180,087
Series 2023-2, Class A (C) 5.280 02-15-36   512,000 524,794
Frontier Issuer LLC          
Series 2024-1, Class C (C) 11.160 06-20-54   81,000 90,403
GM Financial Consumer Automobile Receivables Trust          
Series 2023-1, Class A4 4.590 07-17-28   290,000 290,552
GM Financial Revolving Receivables Trust          
Series 2024-1, Class A (C) 4.980 12-11-36   127,000 129,470
GMF Floorplan Owner Revolving Trust          
Series 2023-2, Class A (C) 5.340 06-15-30   675,000 692,414
Golub Capital Partners Funding, Ltd.          
Series 2020-1A, Class A2 (C) 3.208 01-22-29   90,002 89,413
Series 2021-1A, Class A2 (C) 2.773 04-20-29   147,197 145,643
HI-FI Music IP Issuer LP          
Series 2022-1A, Class A2 (C) 3.939 02-01-62   245,000 239,433
Hotwire Funding LLC          
Series 2023-1A, Class A2 (C) 5.687 05-20-53   700,000 703,346
Series 2024-1A, Class A2 (C) 5.893 06-20-54   51,000 51,514
Invitation Homes Trust          
Series 2024-SFR1, Class A (C) 4.000 09-17-41   244,581 237,007
Jersey Mike’s Funding LLC          
Series 2024-1A, Class A2 (C) 5.636 02-15-55   113,715 114,872
Series 2025-1A, Class A2 (C) 5.610 08-16-55   183,000 184,001
Lyra Music Assets LP          
Series 2025-1A, Class A2 (C) 5.604 09-20-65   116,000 115,999
Mercedes-Benz Auto Receivables Trust          
Series 2022-1, Class A4 5.250 02-15-29   500,000 504,462
Series 2023-1, Class A4 4.310 04-16-29   290,000 289,613
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class A2 (C) 5.400 08-20-55   160,000 159,987
MVW LLC          
Series 2020-1A, Class D (C) 7.140 10-20-37   425,852 422,230
Neighborly Issuer LLC          
Series 2021-1A, Class A2 (C) 3.584 04-30-51   455,770 425,253
Series 2022-1A, Class A2 (C) 3.695 01-30-52   205,545 190,070
New Economy Assets Phase 1 Sponsor LLC          
Series 2021-1, Class B1 (C) 2.410 10-20-61   162,000 126,401
NRZ Excess Spread-Collateralized Notes          
Series 2021-FHT1, Class A (C) 3.104 07-25-26   27,213 26,567
PFS Financing Corp.          
Series 2023-B, Class A (C) 5.270 05-15-28   335,000 336,739
Progress Residential Trust          
Series 2025-SFR1, Class A (C) 3.400 02-17-42   160,801 151,918
Series 2025-SFR2, Class A (C) 3.305 04-17-42   109,000 102,112
Retained Vantage Data Centers Issuer LLC          
Series 2023-1A, Class A2A (C) 5.000 09-15-48   275,000 271,200
Scalelogix ABS Issuer LLC          
Series 2025-1A, Class A2 (C) 5.673 07-25-55   139,000 137,651
SERVPRO Master Issuer LLC          
Series 2024-1A, Class A2 (C) 6.174 01-25-54   102,440 105,067
Sesac Finance LLC          
Series 2025-1, Class A2 (C) 5.500 07-25-55   156,000 153,205
SMB Private Education Loan Trust          
Series 2024-A, Class A1A (C) 5.240 03-15-56   208,098 210,869
Series 2024-E, Class A1A (C) 5.090 10-16-56   154,965 156,031
Sonic Capital LLC          
Series 2020-1A, Class A2I (C) 3.845 01-20-50   301,414 294,685
Subway Funding LLC          
Series 2024-1A, Class A2I (C) 6.028 07-30-54   112,153 113,557
Series 2024-1A, Class A2II (C) 6.268 07-30-54   100,243 101,991
Series 2024-3A, Class A23 (C) 5.914 07-30-54   242,170 236,533
Sunbird Engine Finance LLC          
18 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Asset-backed securities (continued)          
Series 2020-1A, Class A (C) 3.671 02-15-45   106,701 $103,901
Switch ABS Issuer LLC          
Series 2024-2A, Class A2 (C) 5.436 06-25-54   370,000 369,829
Series 2025-1A, Class A2 (C) 5.036 03-25-55   238,000 233,354
Uniti Fiber Issuer LLC          
Series 2025-1A, Class A2 (C) 5.877 04-20-55   93,000 94,713
Willis Engine Structured Trust V          
Series 2020-A, Class A (C) 3.228 03-15-45   89,147 84,666
Wingstop Funding LLC          
Series 2024-1A, Class A2 (C) 5.858 12-05-54   104,000 106,235
Zayo Issuer LLC          
Series 2025-1A, Class A2 (C) 5.648 03-20-55   163,000 164,605
    
        Shares Value
Common stocks 0.0% (0.0% of Total investments)   $18,570
(Cost $188,240)          
Energy 0.0%         18,570
Oil, gas and consumable fuels 0.0%    
Altera Infrastructure LP (I)       743 18,570
Preferred securities 0.2% (0.2% of Total investments)   $350,922
(Cost $394,505)          
Communication services 0.1%         123,490
Wireless telecommunication services 0.1%  
Telephone & Data Systems, Inc., 6.625% (A)   5,825 123,490
Financials 0.1%         227,432
Banks 0.1%  
Wells Fargo & Company, 7.500% (A)(B)   192 227,432
    
    Yield (%)   Shares Value
Short-term investments 1.0% (0.6% of Total investments) $1,400,254
(Cost $1,400,246)          
Short-term funds 1.0%         1,400,254
John Hancock Collateral Trust (J)   4.2650(K)   139,999 1,400,254
    
Total investments (Cost $235,791,890) 163.1%     $231,483,470
Other assets and liabilities, net (63.1%)     (89,563,179)
Total net assets 100.0%     $141,920,291
    
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
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) All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 7-31-25 was $111,579,771.
(B) All or a portion of this security is on loan as of 7-31-25, and is a component of the fund’s leverage under the Liquidity Agreement. The value of securities on loan amounted to $9,144,045.
(C) This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $59,033,300 or 41.6% of the fund’s net assets as of 7-31-25.
(D) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) Security purchased or sold on a when-issued or delayed-delivery basis.
(G) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(H) 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.
(I) Non-income producing security.
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 19
(J) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(K) 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 86.1%
United Kingdom 3.0%
Canada 2.4%
France 1.7%
Ireland 1.0%
Norway 1.0%
Other countries 4.8%
TOTAL 100.0%
20 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
DERIVATIVES
SWAPS
Interest rate swaps
Counterparty (OTC)/
Centrally cleared 		Notional
amount 		Currency Payments
made 		Payments
received 		Fixed
payment
frequency 		Floating
payment
frequency 		Maturity
date 		Unamortized
upfront
payment
paid
(received) 		Unrealized
appreciation
(depreciation) 		Value
Centrally cleared 25,000,000 USD Fixed 4.191% USD SOFR Compounded OIS(a) Annual Quarterly Jun 2026 — $(19,798) $(19,798)
Centrally cleared 25,000,000 USD Fixed 3.908% USD SOFR Compounded OIS(a) Annual Quarterly Jan 2027 — (501,110) (501,110)
                — $(520,908) $(520,908)
    
(a) At 7-31-25, the overnight SOFR was 4.390%.
    
Derivatives Currency Abbreviations
USD U.S. Dollar
    
Derivatives Abbreviations
OIS Overnight Index Swap
OTC Over-the-counter
SOFR Secured Overnight Financing Rate
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT 21
Notes to Fund’s investments (unaudited)
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund’s valuation designee.
In order to value the securities, the fund uses the following valuation techniques: 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 fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund’s investments as of July 31, 2025, by major security category or type:
  Total
value at
7-31-25 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
         
Investments in securities:        
Assets        
U.S. Government and Agency obligations $96,801,350 — $96,801,350 —
Corporate bonds 103,726,198 — 103,726,198 —
Municipal bonds 127,812 — 127,812 —
Term loans 717,393 — 717,393 —
Collateralized mortgage obligations 13,694,301 — 13,694,301 —
Asset-backed securities 14,646,670 — 14,646,670 —
Common stocks 18,570 — 18,570 —
Preferred securities 350,922 $350,922 — —
Short-term investments 1,400,254 1,400,254 — —
Total investments in securities $231,483,470 $1,751,176 $229,732,294 —
Derivatives:        
Liabilities        
Swap contracts $(520,908) — $(520,908) —
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
              Dividends and distributions
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
John Hancock Collateral Trust 139,999 $6,683,622 $30,286,871 $(35,570,171) $75 $(143) $74,498 — $1,400,254
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
22  |