UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-04146
JOHN HANCOCK VARIABLE INSURANCE TRUST
(Exact name of registrant as specified in charter)

200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)

SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
December 31
Date of reporting period:
June 30, 2026
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following semiannual reports to shareholders for the six months ended June 30, 2026:

  • John Hancock Active Bond Trust
  • John Hancock Core Bond Trust
  • John Hancock High Yield Trust
  • John Hancock Investment Quality Bond Trust
  • John Hancock Money Market Trust
  • John Hancock Opportunistic Fixed Income Trust
  • John Hancock Select Bond Trust
  • John Hancock Short Term Government Income Trust
  • John Hancock Strategic Income Opportunities Trust
  • John Hancock Total Bond Market Trust
  • John Hancock Ultra Short Term Bond Trust
jh-signature
John Hancock Variable Insurance Trust
Active Bond Trust
Series I/JAHFX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Active Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Active Bond Trust
(Series I/JAHFX)
$35 0.70%
Fund Statistics
Fund net assets $559,715,250
Total number of portfolio holdings 1,115
Portfolio turnover rate 49%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 41.0%
U.S. Government Agency 30.7%
U.S. Government 12.7%
Asset-backed securities 6.3%
Collateralized mortgage obligations – Commercial and residential 5.5%
Collateralized mortgage obligations – U.S. Government Agency 1.0%
Term loans 0.4%
Preferred securities 0.2%
Foreign government obligations 0.2%
Short-term investments and other 2.0%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ACTB-SA-I

6/26

8/26

Active Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Active Bond Trust
Series II/JAHEX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Active Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Active Bond Trust
(Series II/JAHEX)
$45 0.90%
Fund Statistics
Fund net assets $559,715,250
Total number of portfolio holdings 1,115
Portfolio turnover rate 49%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 41.0%
U.S. Government Agency 30.7%
U.S. Government 12.7%
Asset-backed securities 6.3%
Collateralized mortgage obligations – Commercial and residential 5.5%
Collateralized mortgage obligations – U.S. Government Agency 1.0%
Term loans 0.4%
Preferred securities 0.2%
Foreign government obligations 0.2%
Short-term investments and other 2.0%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ACTB-SA-II

6/26

8/26

Active Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Active Bond Trust
Series NAV/JAHDX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Active Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Active Bond Trust
(Series NAV/JAHDX)
$32 0.65%
Fund Statistics
Fund net assets $559,715,250
Total number of portfolio holdings 1,115
Portfolio turnover rate 49%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 41.0%
U.S. Government Agency 30.7%
U.S. Government 12.7%
Asset-backed securities 6.3%
Collateralized mortgage obligations – Commercial and residential 5.5%
Collateralized mortgage obligations – U.S. Government Agency 1.0%
Term loans 0.4%
Preferred securities 0.2%
Foreign government obligations 0.2%
Short-term investments and other 2.0%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ACTB-SA-NAV

6/26

8/26

Active Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Core Bond Trust
Series I/JADKX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Core Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Core Bond Trust
(Series I/JADKX)
$33 0.67%
Fund Statistics
Fund net assets $660,562,487
Total number of portfolio holdings 928
Portfolio turnover rate 171%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 28.0%
U.S. Government 27.3%
Corporate bonds 26.8%
Collateralized mortgage obligations – U.S. Government Agency 7.7%
Asset-backed securities 5.6%
Collateralized mortgage obligations – Commercial and residential 1.8%
Foreign government obligations 0.8%
Municipal bonds 0.1%
Short-term investments 1.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CRBT-SA-I

6/26

8/26

Core Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Core Bond Trust
Series II/JAAEX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Core Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Core Bond Trust
(Series II/JAAEX)
$43 0.87%
Fund Statistics
Fund net assets $660,562,487
Total number of portfolio holdings 928
Portfolio turnover rate 171%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 28.0%
U.S. Government 27.3%
Corporate bonds 26.8%
Collateralized mortgage obligations – U.S. Government Agency 7.7%
Asset-backed securities 5.6%
Collateralized mortgage obligations – Commercial and residential 1.8%
Foreign government obligations 0.8%
Municipal bonds 0.1%
Short-term investments 1.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CRBT-SA-II

6/26

8/26

Core Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Core Bond Trust
Series NAV/JVCNX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Core Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Core Bond Trust
(Series NAV/JVCNX)
$31 0.62%
Fund Statistics
Fund net assets $660,562,487
Total number of portfolio holdings 928
Portfolio turnover rate 171%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 28.0%
U.S. Government 27.3%
Corporate bonds 26.8%
Collateralized mortgage obligations – U.S. Government Agency 7.7%
Asset-backed securities 5.6%
Collateralized mortgage obligations – Commercial and residential 1.8%
Foreign government obligations 0.8%
Municipal bonds 0.1%
Short-term investments 1.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

CRBT-SA-NAV

6/26

8/26

Core Bond Trust

jh-signature
John Hancock Variable Insurance Trust
High Yield Trust
Series I/JAELX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the High Yield Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
High Yield Trust
(Series I/JAELX)
$32 0.64%
Fund Statistics
Fund net assets $180,379,004
Total number of portfolio holdings 610
Portfolio turnover rate 15%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 94.8%
Term loans 0.8%
Preferred securities 0.3%
Short-term investments and other 4.1%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HIYI-SA-I

6/26

8/26

High Yield Trust

jh-signature
John Hancock Variable Insurance Trust
High Yield Trust
Series II/JAEOX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the High Yield Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
High Yield Trust
(Series II/JAEOX)
$42 0.84%
Fund Statistics
Fund net assets $180,379,004
Total number of portfolio holdings 610
Portfolio turnover rate 15%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 94.8%
Term loans 0.8%
Preferred securities 0.3%
Short-term investments and other 4.1%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HIYI-SA-II

6/26

8/26

High Yield Trust

jh-signature
John Hancock Variable Insurance Trust
High Yield Trust
Series NAV/JAEMX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the High Yield Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
High Yield Trust
(Series NAV/JAEMX)
$30 0.59%
Fund Statistics
Fund net assets $180,379,004
Total number of portfolio holdings 610
Portfolio turnover rate 15%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 94.8%
Term loans 0.8%
Preferred securities 0.3%
Short-term investments and other 4.1%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

HIYI-SA-NAV

6/26

8/26

High Yield Trust

jh-signature
John Hancock Variable Insurance Trust
Investment Quality Bond Trust
Series I/JADUX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Investment Quality Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Investment Quality Bond Trust
(Series I/JADUX)
$38 0.76%
Fund Statistics
Fund net assets $210,536,558
Total number of portfolio holdings 841
Portfolio turnover rate 45%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 33.1%
U.S. Government 28.2%
Corporate bonds 14.3%
Collateralized mortgage obligations – Commercial and residential 11.4%
Asset-backed securities 6.3%
Collateralized mortgage obligations – U.S. Government Agency 3.4%
Foreign government obligations 1.1%
Term loans 0.7%
Municipal bonds 0.1%
Short-term investments 1.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

INQB-SA-I

6/26

8/26

Investment Quality Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Investment Quality Bond Trust
Series II/JADSX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Investment Quality Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Investment Quality Bond Trust
(Series II/JADSX)
$48 0.96%
Fund Statistics
Fund net assets $210,536,558
Total number of portfolio holdings 841
Portfolio turnover rate 45%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 33.1%
U.S. Government 28.2%
Corporate bonds 14.3%
Collateralized mortgage obligations – Commercial and residential 11.4%
Asset-backed securities 6.3%
Collateralized mortgage obligations – U.S. Government Agency 3.4%
Foreign government obligations 1.1%
Term loans 0.7%
Municipal bonds 0.1%
Short-term investments 1.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com
INQB-SA-II
6/26
8/26
Investment Quality Bond Trust
jh-signature
John Hancock Variable Insurance Trust
Investment Quality Bond Trust
Series NAV/JAJNX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Investment Quality Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Investment Quality Bond Trust
(Series NAV/JAJNX)
$35 0.71%
Fund Statistics
Fund net assets $210,536,558
Total number of portfolio holdings 841
Portfolio turnover rate 45%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 33.1%
U.S. Government 28.2%
Corporate bonds 14.3%
Collateralized mortgage obligations – Commercial and residential 11.4%
Asset-backed securities 6.3%
Collateralized mortgage obligations – U.S. Government Agency 3.4%
Foreign government obligations 1.1%
Term loans 0.7%
Municipal bonds 0.1%
Short-term investments 1.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com
INQB-SA-NAV
6/26
8/26
Investment Quality Bond Trust
jh-signature
John Hancock Variable Insurance Trust
Money Market Trust
Series I/JHOXX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Money Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Money Market Trust
(Series I/JHOXX)
$17 0.33%
Fund Statistics
Fund net assets $2,074,185,352
Total number of portfolio holdings 108
Weighted Average Maturity 51 Days
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 49.1%
Repurchase agreement 41.6%
U.S. Government 9.3%
Maturity Composition
Graphical Representation - Allocation 1 Chart
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MMT-SA-I

6/26

8/26

Money Market Trust

jh-signature
John Hancock Variable Insurance Trust
Money Market Trust
Series II/JAAXX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Money Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Money Market Trust
(Series II/JAAXX)
$26 0.53%
Fund Statistics
Fund net assets $2,074,185,352
Total number of portfolio holdings 108
Weighted Average Maturity 51 Days
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 49.1%
Repurchase agreement 41.6%
U.S. Government 9.3%
Maturity Composition
Graphical Representation - Allocation 1 Chart
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MMT-SA-II

6/26

8/26

Money Market Trust

jh-signature
John Hancock Variable Insurance Trust
Money Market Trust
Series NAV/JABXX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Money Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Money Market Trust
(Series NAV/JABXX)
$14 0.28%
Fund Statistics
Fund net assets $2,074,185,352
Total number of portfolio holdings 108
Weighted Average Maturity 51 Days
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
U.S. Government Agency 49.1%
Repurchase agreement 41.6%
U.S. Government 9.3%
Maturity Composition
Graphical Representation - Allocation 1 Chart
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

MMT-SA-NAV

6/26

8/26

Money Market Trust

jh-signature
John Hancock Variable Insurance Trust
Opportunistic Fixed Income Trust
Series I/JAEJX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Opportunistic Fixed Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Opportunistic Fixed Income Trust
(Series I/JAEJX)
$41 0.82%
Fund Statistics
Fund net assets $143,922,886
Total number of portfolio holdings 1,248
Portfolio turnover rate 131%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
Foreign government obligations 35.3%
U.S. Government Agency 20.2%
Corporate bonds 12.3%
U.S. Government 9.3%
Convertible bonds 7.7%
Asset-backed securities 2.8%
Term loans 2.8%
Collateralized mortgage obligations – Commercial and residential 2.7%
Collateralized mortgage obligations – U.S. Government Agency 2.0%
Preferred securities 1.8%
Exchange-traded funds 0.1%
Short-term investments 3.0%
Country Composition
United States 58.6%
Brazil 6.6%
Colombia 4.0%
South Korea 4.0%
Japan 2.8%
Czech Republic 2.6%
Mexico 2.5%
Indonesia 2.0%
United Kingdom 1.5%
New Zealand 1.5%
Other countries 13.9%
Quality Composition
Graphical Representation - Allocation 2 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

OPFI-SA-I

6/26

8/26

Opportunistic Fixed Income Trust

jh-signature
John Hancock Variable Insurance Trust
Opportunistic Fixed Income Trust
Series II/JAEHX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Opportunistic Fixed Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Opportunistic Fixed Income Trust
(Series II/JAEHX)
$51 1.02%
Fund Statistics
Fund net assets $143,922,886
Total number of portfolio holdings 1,248
Portfolio turnover rate 131%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
Foreign government obligations 35.3%
U.S. Government Agency 20.2%
Corporate bonds 12.3%
U.S. Government 9.3%
Convertible bonds 7.7%
Asset-backed securities 2.8%
Term loans 2.8%
Collateralized mortgage obligations – Commercial and residential 2.7%
Collateralized mortgage obligations – U.S. Government Agency 2.0%
Preferred securities 1.8%
Exchange-traded funds 0.1%
Short-term investments 3.0%
Country Composition
United States 58.6%
Brazil 6.6%
Colombia 4.0%
South Korea 4.0%
Japan 2.8%
Czech Republic 2.6%
Mexico 2.5%
Indonesia 2.0%
United Kingdom 1.5%
New Zealand 1.5%
Other countries 13.9%
Quality Composition
Graphical Representation - Allocation 2 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

OPFI-SA-II

6/26

8/26

Opportunistic Fixed Income Trust

jh-signature
John Hancock Variable Insurance Trust
Opportunistic Fixed Income Trust
Series NAV/JAEKX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Opportunistic Fixed Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Opportunistic Fixed Income Trust
(Series NAV/JAEKX)
$39 0.77%
Fund Statistics
Fund net assets $143,922,886
Total number of portfolio holdings 1,248
Portfolio turnover rate 131%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.
Portfolio Composition
Foreign government obligations 35.3%
U.S. Government Agency 20.2%
Corporate bonds 12.3%
U.S. Government 9.3%
Convertible bonds 7.7%
Asset-backed securities 2.8%
Term loans 2.8%
Collateralized mortgage obligations – Commercial and residential 2.7%
Collateralized mortgage obligations – U.S. Government Agency 2.0%
Preferred securities 1.8%
Exchange-traded funds 0.1%
Short-term investments 3.0%
Country Composition
United States 58.6%
Brazil 6.6%
Colombia 4.0%
South Korea 4.0%
Japan 2.8%
Czech Republic 2.6%
Mexico 2.5%
Indonesia 2.0%
United Kingdom 1.5%
New Zealand 1.5%
Other countries 13.9%
Quality Composition
Graphical Representation - Allocation 2 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

OPFI-SA-NAV

6/26

8/26

Opportunistic Fixed Income Trust

jh-signature
John Hancock Variable Insurance Trust
Select Bond Trust
Series I/JAFZX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Select Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Select Bond Trust
(Series I/JAFZX)
$33 0.66%
Fund Statistics
Fund net assets $503,715,682
Total number of portfolio holdings 829
Portfolio turnover rate 83%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 32.3%
U.S. Government Agency 31.8%
U.S. Government 14.8%
Asset-backed securities 7.8%
Collateralized mortgage obligations – Commercial and residential 5.8%
Collateralized mortgage obligations – U.S. Government Agency 0.9%
Foreign government obligations 0.1%
Municipal bonds 0.1%
Short-term investments and other 6.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SELB-SA-I

6/26

8/26

Select Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Select Bond Trust
Series II/JHBDX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Select Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Select Bond Trust
(Series II/JHBDX)
$43 0.86%
Fund Statistics
Fund net assets $503,715,682
Total number of portfolio holdings 829
Portfolio turnover rate 83%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 32.3%
U.S. Government Agency 31.8%
U.S. Government 14.8%
Asset-backed securities 7.8%
Collateralized mortgage obligations – Commercial and residential 5.8%
Collateralized mortgage obligations – U.S. Government Agency 0.9%
Foreign government obligations 0.1%
Municipal bonds 0.1%
Short-term investments and other 6.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SELB-SA-II

6/26

8/26

Select Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Select Bond Trust
Series NAV/JAGBX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Select Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Select Bond Trust
(Series NAV/JAGBX)
$31 0.62%
Fund Statistics
Fund net assets $503,715,682
Total number of portfolio holdings 829
Portfolio turnover rate 83%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 32.3%
U.S. Government Agency 31.8%
U.S. Government 14.8%
Asset-backed securities 7.8%
Collateralized mortgage obligations – Commercial and residential 5.8%
Collateralized mortgage obligations – U.S. Government Agency 0.9%
Foreign government obligations 0.1%
Municipal bonds 0.1%
Short-term investments and other 6.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SELB-SA-NAV

6/26

8/26

Select Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Short Term Government Income Trust
Series I/JAJPX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Short Term Government Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Short Term Government Income Trust
(Series I/JAJPX)
$34 0.69%
Fund Statistics
Fund net assets $247,741,609
Total number of portfolio holdings 102
Portfolio turnover rate 241%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government Agency 50.9%
U.S. Government 46.7%
Municipal bonds 1.2%
Collateralized mortgage obligations – U.S. Government Agency 0.3%
Short-term investments and other 0.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SHTG-SA-I

6/26

8/26

Short Term Government Income Trust

jh-signature
John Hancock Variable Insurance Trust
Short Term Government Income Trust
Series II/JAFWX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Short Term Government Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Short Term Government Income Trust
(Series II/JAFWX)
$44 0.89%
Fund Statistics
Fund net assets $247,741,609
Total number of portfolio holdings 102
Portfolio turnover rate 241%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government Agency 50.9%
U.S. Government 46.7%
Municipal bonds 1.2%
Collateralized mortgage obligations – U.S. Government Agency 0.3%
Short-term investments and other 0.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SHTG-SA-II

6/26

8/26

Short Term Government Income Trust

jh-signature
John Hancock Variable Insurance Trust
Short Term Government Income Trust
Series NAV/JAFYX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Short Term Government Income Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Short Term Government Income Trust
(Series NAV/JAFYX)
$32 0.64%
Fund Statistics
Fund net assets $247,741,609
Total number of portfolio holdings 102
Portfolio turnover rate 241%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government Agency 50.9%
U.S. Government 46.7%
Municipal bonds 1.2%
Collateralized mortgage obligations – U.S. Government Agency 0.3%
Short-term investments and other 0.9%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

SHTG-SA-NAV

6/26

8/26

Short Term Government Income Trust

jh-signature
John Hancock Variable Insurance Trust
Strategic Income Opportunities Trust
Series I/JESNX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Strategic Income Opportunities Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Strategic Income Opportunities Trust
(Series I/JESNX)
$39 0.78%
Fund Statistics
Fund net assets $300,355,856
Total number of portfolio holdings 502
Portfolio turnover rate 24%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 43.1%
Foreign government obligations 16.6%
Term loans 12.1%
Preferred securities 5.7%
U.S. Government Agency 4.7%
U.S. Government 3.7%
Collateralized mortgage obligations – Commercial and residential 3.6%
Asset-backed securities 2.9%
Convertible bonds 1.7%
Collateralized mortgage obligations – U.S. Government Agency 1.6%
Short-term investments and other 4.3%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

STIO-SA-I

6/26

8/26

Strategic Income Opportunities Trust

jh-signature
John Hancock Variable Insurance Trust
Strategic Income Opportunities Trust
Series II/JESPX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Strategic Income Opportunities Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Strategic Income Opportunities Trust
(Series II/JESPX)
$49 0.98%
Fund Statistics
Fund net assets $300,355,856
Total number of portfolio holdings 502
Portfolio turnover rate 24%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 43.1%
Foreign government obligations 16.6%
Term loans 12.1%
Preferred securities 5.7%
U.S. Government Agency 4.7%
U.S. Government 3.7%
Collateralized mortgage obligations – Commercial and residential 3.6%
Asset-backed securities 2.9%
Convertible bonds 1.7%
Collateralized mortgage obligations – U.S. Government Agency 1.6%
Short-term investments and other 4.3%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

STIO-SA-II

6/26

8/26

Strategic Income Opportunities Trust

jh-signature
John Hancock Variable Insurance Trust
Strategic Income Opportunities Trust
Series NAV/JVRNX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Strategic Income Opportunities Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Strategic Income Opportunities Trust
(Series NAV/JVRNX)
$36 0.73%
Fund Statistics
Fund net assets $300,355,856
Total number of portfolio holdings 502
Portfolio turnover rate 24%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 43.1%
Foreign government obligations 16.6%
Term loans 12.1%
Preferred securities 5.7%
U.S. Government Agency 4.7%
U.S. Government 3.7%
Collateralized mortgage obligations – Commercial and residential 3.6%
Asset-backed securities 2.9%
Convertible bonds 1.7%
Collateralized mortgage obligations – U.S. Government Agency 1.6%
Short-term investments and other 4.3%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

STIO-SA-NAV

6/26

8/26

Strategic Income Opportunities Trust

jh-signature
John Hancock Variable Insurance Trust
Total Bond Market Trust
Series I/JTBMX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Total Bond Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Total Bond Market Trust
(Series I/JTBMX)
$15 0.30%
Fund Statistics
Fund net assets $1,062,180,596
Total number of portfolio holdings 1,131
Portfolio turnover rate 16%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government 47.4%
Corporate bonds 24.3%
U.S. Government Agency 24.0%
Collateralized mortgage obligations – Commercial and residential 1.1%
Foreign government obligations 0.7%
Asset-backed securities 0.4%
Municipal bonds 0.3%
Short-term investments and other 1.8%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com
TBMT-SA-I
6/26
8/26
Total Bond Market Trust
jh-signature
John Hancock Variable Insurance Trust
Total Bond Market Trust
Series II/JAGVX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Total Bond Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Total Bond Market Trust
(Series II/JAGVX)
$25 0.50%
Fund Statistics
Fund net assets $1,062,180,596
Total number of portfolio holdings 1,131
Portfolio turnover rate 16%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government 47.4%
Corporate bonds 24.3%
U.S. Government Agency 24.0%
Collateralized mortgage obligations – Commercial and residential 1.1%
Foreign government obligations 0.7%
Asset-backed securities 0.4%
Municipal bonds 0.3%
Short-term investments and other 1.8%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com
TBMT-SA-II
6/26
8/26
Total Bond Market Trust
jh-signature
John Hancock Variable Insurance Trust
Total Bond Market Trust
Series NAV/JAGUX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Total Bond Market Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Total Bond Market Trust
(Series NAV/JAGUX)
$12 0.25%
Fund Statistics
Fund net assets $1,062,180,596
Total number of portfolio holdings 1,131
Portfolio turnover rate 16%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
U.S. Government 47.4%
Corporate bonds 24.3%
U.S. Government Agency 24.0%
Collateralized mortgage obligations – Commercial and residential 1.1%
Foreign government obligations 0.7%
Asset-backed securities 0.4%
Municipal bonds 0.3%
Short-term investments and other 1.8%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

TBMT-SA-NAV

6/26

8/26

Total Bond Market Trust

jh-signature
John Hancock Variable Insurance Trust
Ultra Short Term Bond Trust
Series I/JAGJX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Ultra Short Term Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Ultra Short Term Bond Trust
(Series I/JAGJX)
$30 0.61%
Fund Statistics
Fund net assets $205,432,435
Total number of portfolio holdings 211
Portfolio turnover rate 41%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 55.3%
Asset-backed securities 22.7%
U.S. Government Agency 0.4%
Collateralized mortgage obligations – U.S. Government Agency 0.2%
Short-term investments and other 21.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.

John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ULST-SA-I

6/26

8/26

Ultra Short Term Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Ultra Short Term Bond Trust
Series II/JAGEX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Ultra Short Term Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Ultra Short Term Bond Trust
(Series II/JAGEX)
$40 0.81%
Fund Statistics
Fund net assets $205,432,435
Total number of portfolio holdings 211
Portfolio turnover rate 41%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 55.3%
Asset-backed securities 22.7%
U.S. Government Agency 0.4%
Collateralized mortgage obligations – U.S. Government Agency 0.2%
Short-term investments and other 21.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ULST-SA-II

6/26

8/26

Ultra Short Term Bond Trust

jh-signature
John Hancock Variable Insurance Trust
Ultra Short Term Bond Trust
Series NAV/JAGFX
Semiannual SHAREHOLDER REPORT | June 30, 2026
This semiannual shareholder report contains important information about the Ultra Short Term Bond Trust (the fund) for the period of January 1, 2026 to June 30, 2026. You can find additional information about the fund at dfinview.com/johnhancock?site=funds. You can also request this information by contacting us at 800-344-1029 for John Hancock Variable Annuities and 800-732-5543 for John Hancock Variable Life Insurance.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
Ultra Short Term Bond Trust
(Series NAV/JAGFX)
$28 0.56%
Fund Statistics
Fund net assets $205,432,435
Total number of portfolio holdings 211
Portfolio turnover rate 41%
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Portfolio Composition
Corporate bonds 55.3%
Asset-backed securities 22.7%
U.S. Government Agency 0.4%
Collateralized mortgage obligations – U.S. Government Agency 0.2%
Short-term investments and other 21.4%
Quality Composition
Graphical Representation - Allocation 1 Chart
Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 6-30-26 and do not reflect subsequent downgrades or upgrades, if any.
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
VIT TSR QR Code
At dfinview.com/johnhancock?site=funds, you can find additional information about the fund, including the fund’s:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-344-1029.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Distributors, LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, John Hancock Variable Annuities: 800-344-1029, John Hancock Variable Life Insurance: 800-732-5543, johnhancock.com

ULST-SA-NAV

6/26

8/26

Ultra Short Term Bond Trust


ITEM 2. CODE OF ETHICS.

Item is not applicable at this time.


ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Item is not applicable at this time.


ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Item is not applicable at this time.


ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Item is not applicable at this time.


ITEM 6. SCHEDULE OF INVESTMENTS.

(a) Refer to information included in Item 7.

(b) Not applicable.


ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The Registrant prepared financial statements and financial highlights for the six months ended June 30, 2026 for the following funds:

  • John Hancock Active Bond Trust

  • John Hancock Core Bond Trust

  • John Hancock High Yield Trust

  • John Hancock Investment Quality Bond Trust

  • John Hancock Money Market Trust

  • John Hancock Opportunistic Fixed Income Trust

  • John Hancock Select Bond Trust

  • John Hancock Short Term Government Income Trust

  • John Hancock Strategic Income Opportunities Trust

  • John Hancock Total Bond Market Trust

  • John Hancock Ultra Short Term Bond Trust


JOHN HANCOCK
Variable Insurance Trust
 
Bond Trusts
Semiannual Financial Statements & Other N-CSR Items
June 30, 2026

John Hancock Variable Insurance Trust
Semiannual Financial Statements & Other N-CSR Items — Table of contents


3

128

131

134

136

142

162

166

171
Portfolio Portfolio of investments

3

20

33

42

57

58
Portfolio Portfolio of investments

84

98

99

110

121
 
  2  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
43.4%
     
U.S. Government – 12.7%          
U.S. Treasury Bonds          
1.250%, 05/15/2050 $ 589,000   $ 280,281
1.375%, 08/15/2050   10,419,000     5,111,008
1.625%, 11/15/2050   15,489,000     8,096,028
1.875%, 02/15/2041   3,702,000     2,568,552
2.000%, 02/15/2050 to 08/15/2051   10,049,000     5,852,277
2.500%, 02/15/2045   4,687,000     3,287,125
3.000%, 02/15/2047   1,329,000     988,963
3.375%, 11/15/2048   2,434,000     1,903,749
4.625%, 02/15/2046   3,650,000     3,503,430
4.750%, 08/15/2055 to 02/15/2056   17,749,000     17,238,301
4.875%, 08/15/2045   5,840,000     5,795,516
5.000%, 05/15/2046   1,857,000     1,870,928
U.S. Treasury Notes          
1.625%, 05/15/2031   1,590,000     1,410,566
3.875%, 05/15/2029   1,093,000     1,084,546
4.000%, 05/31/2028   2,368,000     2,361,062
4.125%, 06/30/2031   4,936,000     4,918,647
4.250%, 06/30/2033   913,000     909,434
4.375%, 05/15/2036   3,849,000     3,828,552
          71,008,965
U.S. Government Agency – 30.7%          
Federal Home Loan Mortgage Corp.          
2.000%, 06/01/2036   504,703     463,026
2.500%, 08/01/2051 to 12/01/2051   1,353,808     1,153,996
3.000%, 03/01/2043 to 08/01/2052   6,471,764     5,768,819
3.500%, 10/01/2046 to 07/01/2052   11,082,320     10,177,122
4.000%, 08/01/2048 to 01/01/2054   5,328,049     5,017,333
4.500%, 12/01/2037 to 02/01/2054   10,191,378     9,900,676
5.000%, 10/01/2052 to 02/01/2056   15,134,503     15,024,900
5.500%, 04/01/2053 to 02/01/2056   7,765,096     7,875,666
Federal National Mortgage Association          
2.000%, 04/01/2037 to 12/01/2050   2,713,058     2,253,345
2.500%, 01/01/2036 to 03/01/2052   11,338,898     9,800,137
3.000%, 01/01/2043 to 09/01/2052   30,444,127     26,966,163
3.500%, 06/01/2043 to 08/01/2053   21,324,821     19,573,215
4.000%, 01/01/2049 to 09/01/2053   20,083,840     18,951,223
4.500%, 11/01/2037 to 08/01/2053   14,345,976     13,911,410
5.000%, 08/01/2052 to 04/01/2056   16,612,878     16,509,727
5.500%, 09/01/2034 to 09/01/2055   8,062,556     8,172,624
6.247%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 2.122%), 07/01/2033 (A)   8,149     8,404
6.355%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.605%), 08/01/2034 (A)   14,213     14,598
7.000%, 09/01/2031 to 01/01/2032   27,042     28,536
7.500%, 09/01/2029 to 05/01/2031   3,681     3,808
Government National
Mortgage Association
         
6.000%, 03/15/2033 to 06/15/2033   48,404     49,756
6.500%, 09/15/2028 to 08/15/2031   3,826     3,966
7.000%, 04/15/2029   5,614     5,686
          171,634,136
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $254,929,353)   $ 242,643,101
FOREIGN GOVERNMENT OBLIGATIONS – 0.2%      
Saudi Arabia – 0.2%          
Kingdom of Saudi Arabia
5.875%, 01/12/2056 (B)
  949,000     922,987
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $939,414)   $ 922,987
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS – 41.0%      
Communication services – 3.2%          
APLD ComputeCo 3 LLC
7.000%, 06/15/2031 (B)
$ 142,000   $ 141,709
AT&T, Inc.          
2.750%, 06/01/2031   549,000     499,316
4.500%, 05/15/2035   324,000     305,043
4.550%, 11/01/2032   480,000     468,384
4.750%, 04/30/2033   549,000     537,230
Charter Communications Operating LLC
6.384%, 10/23/2035
  420,000     419,313
Cipher Compute LLC
7.125%, 11/15/2030 (B)
  181,000     188,154
Discovery Global Holdings, Inc.          
4.279%, 03/15/2032   294,000     263,821
5.050%, 03/15/2042   589,000     431,484
Edged Compute LLC
7.500%, 04/30/2031 (B)
  794,000     773,858
GCI LLC
4.750%, 10/15/2028 (B)
  283,000     269,675
IHS Holding, Ltd.          
7.875%, 05/29/2030 (B)   222,000     228,387
8.250%, 11/29/2031 (B)   366,000     382,643
Iliad Holding SAS          
7.000%, 04/15/2032 (B)   465,000     473,908
8.500%, 04/15/2031 (B)   200,000     211,887
Level 3 Financing, Inc.
6.875%, 06/30/2033 (B)
  655,000     672,947
Meta Platforms, Inc.          
4.200%, 11/15/2030   622,000     612,243
4.600%, 11/15/2032   414,000     407,082
5.625%, 11/15/2055   240,000     217,478
Millicom International Cellular SA          
6.250%, 03/25/2029 (B)   304,200     305,378
7.375%, 04/02/2032 (B)   200,000     206,527
News Corp.          
3.875%, 05/15/2029 (B)   403,000     390,852
5.125%, 02/15/2032 (B)   225,000     220,438
NTT Finance Corp.
5.171%, 07/16/2032 (B)
  661,000     660,944
Oak-Eagle Acquireco, Inc.
7.250%, 07/01/2033 (B)
  177,000     185,162
Paramount Global          
4.200%, 05/19/2032   190,000     164,865
4.375%, 03/15/2043   300,000     193,663
4.950%, 05/19/2050   689,000     444,963
QTS Fayetteville I DC1-2 LLC
5.700%, 04/15/2036 (B)
  1,043,000     991,678
Roblox Corp.
3.875%, 05/01/2030 (B)
  740,000     699,318
Sitios Latinoamerica SAB de CV
6.000%, 11/25/2029 (B)
  632,000     644,046
Space Exploration Technologies Corp.          
5.650%, 07/15/2033 (B)   848,000     842,948
6.650%, 07/15/2056 (B)   268,000     258,568
STC Sukuk Company II, Ltd.
4.489%, 01/15/2031 (B)
  499,000     490,382
SV RNO Property Owner 1 LLC
5.875%, 03/01/2031 (B)
  287,000     282,862
T-Mobile USA, Inc.          
3.875%, 04/15/2030   1,184,000     1,147,267
6.700%, 12/15/2033   460,000     502,658
Verizon Communications, Inc.
2.355%, 03/15/2032
  616,000     538,278
 
The accompanying notes are an integral part of the financial statements. 3  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
Vodafone Group PLC
7.000%, (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%), 04/04/2079
$ 452,000   $ 468,747
WMG Acquisition Corp.
3.875%, 07/15/2030 (B)
  541,000     512,490
          17,656,596
Consumer discretionary – 3.4%          
A&K Travel Group Holdings, Ltd.
7.500%, 05/15/2033 (B)
  372,000     375,538
Amazon.com, Inc.
4.550%, 03/13/2033
  531,000     522,350
Asbury Automotive Group, Inc.          
4.625%, 11/15/2029 (B)   128,000     124,638
4.750%, 03/01/2030   288,000     280,004
Brightstar Lottery PLC
5.750%, 01/15/2033 (B)
  372,000     364,646
Brookfield Residential Properties, Inc.
5.000%, 06/15/2029 (B)
  94,000     89,510
Carnival Corp., Ltd.          
5.125%, 05/01/2029 (B)   419,000     418,352
5.750%, 08/01/2032 (B)   1,073,000     1,083,480
5.875%, 06/15/2031 (B)   402,000     409,240
Century Communities, Inc.
3.875%, 08/15/2029 (B)
  189,000     180,617
Dealer Tire LLC
8.000%, 02/01/2028 (B)
  280,000     279,656
Ford Motor Credit Company LLC          
4.000%, 11/13/2030   1,176,000     1,105,154
5.730%, 09/05/2030   626,000     629,430
5.800%, 03/08/2029   337,000     339,951
6.125%, 03/08/2034   1,195,000     1,202,834
General Motors Financial Company, Inc.          
3.600%, 06/21/2030   1,451,000     1,384,457
5.950%, 04/04/2034   1,423,000     1,472,685
Global Auto Holdings, Ltd.          
8.750%, 01/15/2032 (B)   689,000     653,420
11.500%, 08/15/2029 (B)   315,000     326,026
Hilton Domestic Operating Company, Inc.
5.500%, 03/31/2034 (B)
  290,000     287,513
Hilton Grand Vacations Borrower LLC
6.625%, 01/15/2032 (B)
  401,000     406,959
KB Home
4.000%, 06/15/2031
  215,000     201,115
Lithia Motors, Inc.          
3.875%, 06/01/2029 (B)   176,000     168,580
4.375%, 01/15/2031 (B)   341,000     323,283
5.500%, 10/01/2030 (B)   306,000     302,223
Macy's Retail Holdings LLC          
5.875%, 03/15/2030 (B)   182,000     181,679
6.125%, 03/15/2032 (B)(C)   213,000     214,065
7.375%, 08/01/2033 (B)   372,000     390,572
Marriott International, Inc.
4.500%, 05/01/2033
  194,000     187,782
Marriott Ownership Resorts, Inc.
6.500%, 10/01/2033 (B)
  373,000     370,689
MercadoLibre, Inc.
4.900%, 01/15/2033
  473,000     460,749
Midwest Gaming Borrower LLC
4.875%, 05/01/2029 (B)
  305,000     296,903
Rakuten Group, Inc.
9.750%, 04/15/2029 (B)
  249,000     270,615
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
Rivers Enterprise Borrower LLC          
6.250%, 10/15/2030 (B) $ 268,000   $ 271,349
6.625%, 02/01/2033 (B)   280,000     284,189
Royal Caribbean Cruises, Ltd.
5.375%, 01/15/2036
  253,000     251,134
S&S Holdings LLC
8.375%, 10/01/2031 (B)
  426,000     403,112
The Home Depot, Inc.
4.950%, 06/25/2034
  574,000     575,924
The Michaels Companies, Inc.
8.500%, 03/15/2033 (B)
  480,000     475,437
Travel + Leisure Company          
4.625%, 03/01/2030 (B)   101,000     97,794
6.125%, 09/01/2033 (B)   439,000     434,461
Valvoline, Inc.
3.625%, 06/15/2031 (B)
  310,000     285,102
Viking Cruises, Ltd.
5.875%, 10/15/2033 (B)
  447,000     447,698
Wayfair LLC          
6.750%, 11/15/2032 (B)   278,000     285,477
7.125%, 05/31/2034 (B)   200,000     205,634
          19,322,026
Consumer staples – 1.1%          
Albertsons Companies, Inc.
5.750%, 03/31/2034 (B)
  946,000     900,919
Chobani LLC
6.375%, 04/15/2034 (B)
  158,000     160,353
Froneri Lux FinCo SARL
6.000%, 08/01/2032 (B)
  465,000     455,996
Industrial F&B Investments III, Inc.
7.750%, 02/11/2033 (B)
  264,000     269,053
JBS NV          
3.625%, 01/15/2032   527,000     488,042
5.750%, 04/01/2033   466,000     478,427
5.950%, 04/20/2035   133,000     137,144
KeHE Distributors LLC
7.125%, 04/30/2033 (B)
  160,000     162,984
Kenvue, Inc.
4.900%, 03/22/2033
  266,000     267,018
MARB BondCo PLC
3.950%, 01/29/2031 (B)
  575,000     503,876
Mars, Inc.
5.000%, 03/01/2032 (B)
  507,000     510,568
NBM US Holdings, Inc.
6.625%, 08/06/2029 (B)
  448,000     446,925
Performance Food Group, Inc.
5.625%, 03/01/2034 (B)
  286,000     280,708
Pilgrim's Pride Corp.
6.250%, 07/01/2033
  315,000     328,877
The Clorox Company
4.950%, 05/15/2033
  404,000     400,051
Viking Baked Goods Acquisition Corp.          
8.625%, 11/01/2031 (B)   370,000     373,998
8.625%, 11/01/2031 (B)   283,000     286,058
          6,450,997
Energy – 5.1%          
Aker BP ASA          
3.750%, 01/15/2030 (B)   150,000     144,688
4.000%, 01/15/2031 (B)   289,000     278,278
Antero Midstream Partners LP          
5.750%, 10/15/2033 (B)   374,000     370,392
5.750%, 07/01/2034 (B)   867,000     856,158
Ascent Resources Utica Holdings LLC          
5.875%, 06/30/2029 (B)   433,000     431,724
6.625%, 10/15/2032 (B)   145,000     146,811
 
The accompanying notes are an integral part of the financial statements. 4  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Ascent Resources Utica
Holdings LLC (continued)
         
6.625%, 07/15/2033 (B) $ 172,000   $ 173,952
Azule Energy Finance PLC
8.625%, 01/22/2033 (B)
  307,000     307,357
BP Capital Markets America, Inc.
4.812%, 02/13/2033
  275,000     273,780
Cheniere Energy Partners LP          
5.550%, 10/30/2035   215,000     218,397
5.950%, 06/30/2033   507,000     529,349
Columbia Pipelines Holding
Company LLC
         
4.999%, 11/17/2032 (B)   378,000     373,813
5.681%, 01/15/2034 (B)   721,000     736,227
Columbia Pipelines Operating Company LLC
6.036%, 11/15/2033 (B)
  447,000     469,292
Comstock Resources, Inc.
5.875%, 01/15/2030 (B)
  476,000     448,947
Continental Resources, Inc.          
2.875%, 04/01/2032 (B)   330,000     290,358
5.750%, 01/15/2031 (B)   499,000     508,099
Crescent Energy Finance LLC
7.375%, 01/15/2033 (B)
  354,000     351,874
DT Midstream, Inc.          
4.375%, 06/15/2031 (B)   954,000     921,457
5.800%, 12/15/2034 (B)   214,000     218,710
Enbridge, Inc.          
5.500%, (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%), 07/15/2077   394,000     393,798
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080   629,000     632,740
6.250%, (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%), 03/01/2078   413,000     415,342
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084   171,000     195,487
Energean Israel Finance, Ltd.          
5.375%, 03/30/2028 (B)   151,000     149,362
5.875%, 03/30/2031 (B)   260,000     249,073
Energy Transfer LP          
5.600%, 09/01/2034   305,000     311,276
6.500%, (6.500% to 11-15-26, then 5 Year CMT + 5.694%), 11/15/2026 (D)   964,000     964,497
6.500%, (6.500% to 2-15-31, then 5 Year CMT + 2.676%), 02/15/2056   298,000     300,492
6.750%, (6.750% to 2-15-36, then 5 Year CMT + 2.475%), 02/15/2056   518,000     529,155
7.125%, (7.125% to 5-15-30, then 5 Year CMT + 5.306%), 05/15/2030 (D)   761,000     785,211
Eni SpA
5.250%, 05/18/2036 (B)
  557,000     547,768
Enterprise Products Operating LLC          
5.250%, (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%), 08/16/2077   909,000     905,453
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Enterprise Products
Operating LLC (continued)
         
5.350%, 01/31/2033 $ 266,000   $ 272,817
EOG Resources, Inc.
5.000%, 07/15/2032
  266,000     267,718
Expand Energy Corp.
4.750%, 02/01/2032
  350,000     341,108
Genesis Energy LP          
6.750%, 03/15/2034   51,000     50,606
7.875%, 05/15/2032   238,000     245,397
8.000%, 05/15/2033   270,000     280,845
Global Partners LP          
7.125%, 07/01/2033 (B)   78,000     78,924
8.250%, 01/15/2032 (B)   212,000     222,036
Hess Midstream Operations LP
6.500%, 06/01/2029 (B)
  105,000     107,146
Howard Midstream Energy Partners LLC          
6.625%, 01/15/2034 (B)   220,000     221,881
7.375%, 07/15/2032 (B)   64,000     66,286
Leviathan Bond, Ltd.          
6.500%, 06/30/2027 (B)   318,000     319,205
6.750%, 06/30/2030 (B)   113,000     116,145
Long Ridge Energy LLC
8.750%, 02/15/2032 (B)
  190,000     200,545
MPLX LP          
4.950%, 09/01/2032   289,000     287,472
5.000%, 03/01/2033   300,000     297,742
Occidental Petroleum Corp.          
6.450%, 09/15/2036   563,000     603,956
6.625%, 09/01/2030   327,000     345,938
Ovintiv, Inc.
6.250%, 07/15/2033
  345,000     362,923
Par Petroleum LLC
7.375%, 06/01/2034 (B)
  116,000     117,379
PBF Holding Company LLC
7.250%, 06/01/2034 (B)
  354,000     350,463
Permian Resources Operating LLC
6.250%, 02/01/2033 (B)
  203,000     207,309
Plains All American Pipeline LP
4.700%, 01/15/2031
  196,000     194,306
Repsol E&P Capital Markets US LLC
5.204%, 09/16/2030 (B)
  703,000     706,764
Sabine Pass Liquefaction LLC
4.500%, 05/15/2030
  763,000     755,621
Sunoco LP          
4.500%, 10/01/2029 (B)   320,000     310,780
4.500%, 04/30/2030   569,000     552,640
4.625%, 05/01/2030 (B)   214,000     206,698
5.625%, 03/15/2031 (B)   197,000     195,563
5.875%, 03/15/2034 (B)   345,000     340,270
7.250%, 05/01/2032 (B)   176,000     182,567
7.875%, (7.875% to 9-18-30, then 5 Year CMT + 4.230%), 09/18/2030 (B)(D)   593,000     616,683
Targa Resources Corp.          
5.500%, 02/15/2035   330,000     333,098
6.150%, 03/01/2029   299,000     309,615
Targa Resources Partners LP
4.000%, 01/15/2032
  523,000     495,964
Var Energi ASA          
5.875%, 05/22/2030 (B)   678,000     698,246
8.000%, 11/15/2032 (B)   996,000     1,130,645
Venture Global LNG, Inc.
7.000%, 01/15/2030 (B)
  315,000     321,273
 
The accompanying notes are an integral part of the financial statements. 5  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Viper Energy Partners LLC
4.900%, 08/01/2030
$ 390,000   $ 388,705
Western Midstream Operating LP          
4.800%, 03/01/2031   516,000     510,308
5.450%, 11/15/2034   285,000     283,476
Whistler Pipeline LLC          
5.400%, 09/30/2029 (B)   228,000     231,250
5.700%, 09/30/2031 (B)   230,000     235,883
          28,793,513
Financials – 13.1%          
Ally Financial, Inc.          
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033   695,000     689,260
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035   406,000     412,677
7.100%, (7.100% to 8-15-31, then 5 Year CMT + 3.148%), 08/15/2031 (D)   398,000     403,372
8.000%, 11/01/2031   467,000     520,116
Ambac Assurance Corp.
5.100%, 07/01/2026 (B)(D)
  131     175
Apollo Debt Solutions BDC          
6.700%, 07/29/2031   191,000     194,697
6.900%, 04/13/2029   714,000     732,813
Ares Strategic Income Fund          
5.150%, 01/15/2031   564,000     538,509
5.450%, 09/09/2028   245,000     242,605
5.600%, 02/15/2030   352,000     345,915
5.700%, 03/15/2028   82,000     81,878
5.800%, 09/09/2030   451,000     444,296
6.200%, 03/21/2032   301,000     297,667
6.350%, 08/15/2029   151,000     152,380
Asurion LLC
8.375%, 02/01/2034 (B)
  444,000     411,001
Athene Global Funding          
4.721%, 10/08/2029 (B)   272,000     268,778
5.322%, 11/13/2031 (B)   330,000     329,224
Athene Holding, Ltd.          
3.500%, 01/15/2031   141,000     132,085
6.625%, (6.625% to 10-15-34, then 5 Year CMT + 2.607%), 10/15/2054   228,000     219,081
Atlas Warehouse Lending Company LP
6.250%, 01/15/2030 (B)
  267,000     275,030
Augusta SpinCo Corp.
4.945%, 03/23/2033
  202,000     200,760
Banco Bradesco SA
5.375%, 01/20/2031 (B)
  535,000     530,570
Banco Santander SA          
4.551%, 11/06/2030   600,000     590,416
7.250%, (7.250% to 6-3-36, then 5 Year CMT + 2.837%), 12/03/2035 (D)   305,000     310,022
9.625%, (9.625% to 11-21-33, then 5 Year CMT + 5.298%), 05/21/2033 (D)   613,000     722,484
Bank Hapoalim BM          
4.722%, 07/14/2029 (B)   405,000     399,272
5.252%, 01/14/2033 (B)   234,000     231,015
Bank of America Corp.          
2.592%, (2.592% to 4-29-30, then Overnight SOFR + 2.150%), 04/29/2031   792,000     730,819
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Bank of America Corp. (continued)          
2.687%, (2.687% to 4-22-31, then Overnight SOFR + 1.320%), 04/22/2032 $ 1,316,000   $ 1,192,053
4.571%, (4.571% to 4-27-32, then Overnight SOFR + 1.830%), 04/27/2033   370,000     362,690
5.425%, (5.425% to 8-15-34, then Overnight SOFR + 1.913%), 08/15/2035   1,414,000     1,418,296
5.518%, (5.518% to 10-25-34, then Overnight SOFR + 1.738%), 10/25/2035   168,000     168,777
6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (D)   818,000     843,341
Bank of Montreal
7.700%, (7.700% to 5-26-29, then 5 Year CMT + 3.452%), 05/26/2084
  568,000     594,157
Barclays PLC          
5.367%, (5.367% to 2-25-30, then Overnight SOFR + 1.230%), 02/25/2031   379,000     384,327
8.000%, (8.000% to 9-15-29, then 5 Year CMT + 5.431%), 03/15/2029 (D)   568,000     596,570
Blackstone Private Credit Fund          
5.050%, 09/10/2030   465,000     444,975
5.250%, 04/01/2030   423,000     410,780
5.950%, 07/16/2029   310,000     310,114
7.300%, 11/27/2028   304,000     313,655
Block, Inc.          
5.625%, 08/15/2030 (B)   162,000     162,405
6.000%, 08/15/2033 (B)   210,000     211,450
BNP Paribas SA
9.250%, (9.250% to 11-17-27, then 5 Year CMT + 4.969%), 11/17/2027 (B)(D)
  200,000     209,496
BPCE SA          
4.760%, (4.760% to 1-13-31, then Overnight SOFR + 1.267%), 01/13/2032 (B)   380,000     374,552
5.748%, (5.748% to 7-19-32, then Overnight SOFR + 2.865%), 07/19/2033 (B)   250,000     255,353
5.936%, (5.936% to 5-30-34, then Overnight SOFR + 1.850%), 05/30/2035 (B)   430,000     441,004
Bread Financial Holdings, Inc.
8.375%, (8.375% to 6-15-30, then 5 Year CMT + 4.300%), 06/15/2035 (B)
  375,000     391,453
Brookfield Finance, Inc.
6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055
  198,000     192,049
Canadian Imperial Bank of Commerce
6.500%, (6.500% to 7-28-31, then 5 Year CMT + 2.727%), 07/28/2086
  519,000     520,168
Citigroup, Inc.          
6.174%, (6.174% to 5-25-33, then Overnight SOFR + 2.661%), 05/25/2034   643,000     670,972
6.625%, (6.625% to 2-15-31, then 5 Year CMT + 3.001%), 02/15/2031 (D)   564,000     574,602
 
The accompanying notes are an integral part of the financial statements. 6  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Citizens Financial Group, Inc.          
3.250%, 04/30/2030 $ 100,000   $ 94,619
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031   347,000     350,703
5.299%, (5.299% to 1-29-31, then 5 Year CMT + 1.450%), 01/29/2036   99,000     98,036
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032   893,000     916,562
CNO Financial Group, Inc.          
5.250%, 05/30/2029   596,000     599,656
6.450%, 06/15/2034   234,000     243,836
CNO Global Funding
4.700%, 12/11/2030 (B)
  208,000     204,701
Credit Agricole SA          
3.250%, 01/14/2030 (B)   832,000     782,564
5.862%, (5.862% to 1-9-35, then Overnight SOFR + 1.740%), 01/09/2036 (B)   441,000     454,165
Danske Bank A/S          
4.999%, (4.999% to 3-27-31, then 1 Year CMT + 0.980%), 03/27/2032 (B)   574,000     573,823
5.019%, (5.019% to 3-4-30, then 1 Year CMT + 0.930%), 03/04/2031 (B)   403,000     404,595
Deutsche Bank AG          
3.742%, (3.742% to 1-7-32, then Overnight SOFR + 2.257%), 01/07/2033   579,000     530,793
4.469%, (4.469% to 12-10-30, then Overnight SOFR + 1.100%), 12/10/2031   169,000     166,199
4.725%, (4.725% to 2-6-31, then Overnight SOFR + 1.135%), 02/06/2032   413,000     407,037
5.060%, (5.060% to 4-14-31, then Overnight SOFR + 1.410%), 04/14/2032   150,000     149,631
5.297%, (5.297% to 5-9-30, then Overnight SOFR + 1.720%), 05/09/2031   366,000     369,827
Enact Holdings, Inc.
6.250%, 05/28/2029
  517,000     532,078
Fifth Third Bancorp          
5.141%, (5.141% to 1-29-36, then Overnight SOFR + 1.240%), 01/29/2037   221,000     216,939
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032   343,000     352,897
5.982%, (5.982% to 1-30-29, then Overnight SOFR + 2.155%), 01/30/2030 (B)   305,000     313,398
7.027%, (3 month CME Term SOFR + 3.295%), 07/30/2026 (A)(D)   355,000     355,318
First Citizens BancShares, Inc.          
4.869%, (4.869% to 3-3-31, then Overnight SOFR + 1.487%), 03/03/2032   799,000     777,090
5.231%, (5.231% to 3-12-30, then Overnight SOFR + 1.410%), 03/12/2031   484,000     482,990
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
First Citizens
BancShares, Inc. (continued)
         
5.600%, (5.600% to 9-5-30, then 5 Year CMT + 1.850%), 09/05/2035 $ 513,000   $ 503,703
7.000%, (7.000% to 12-15-30, then 5 Year CMT + 3.301%), 12/15/2030 (D)   347,000     350,556
First Horizon Corp.
5.514%, (5.514% to 3-7-30, then Overnight SOFR + 1.766%), 03/07/2031
  323,000     327,079
Freedom Mortgage Holdings LLC          
6.875%, 05/01/2031 (B)   432,000     419,240
7.875%, 04/01/2033 (B)   208,000     202,846
GA Global Funding Trust          
4.500%, 09/18/2030 (B)   608,000     589,145
5.200%, 12/09/2031 (B)   323,000     319,143
Global Atlantic Financial Company
7.950%, (7.950% to 10-15-29, then 5 Year CMT + 3.608%), 10/15/2054 (B)
  162,000     163,144
HPS Corporate Lending Fund          
5.150%, 04/02/2029 (B)   159,000     155,730
5.450%, 11/15/2030   141,000     136,306
5.950%, 04/14/2032   85,000     83,166
Huntington Bancshares, Inc.          
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031   330,000     333,875
5.709%, (5.709% to 2-2-34, then SOFR Compounded Index + 1.870%), 02/02/2035   213,000     217,914
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039   169,000     172,612
6.250%, (6.250% to 10-15-30, then 5 Year CMT + 2.653%), 10/15/2030 (D)   246,000     248,509
ING Groep NV
6.114%, (6.114% to 9-11-33, then Overnight SOFR + 2.090%), 09/11/2034
  200,000     211,643
Intercontinental Exchange, Inc.
4.600%, 03/15/2033
  266,000     260,641
JPMorgan Chase & Co.          
4.347%, (4.347% to 1-22-31, then Overnight SOFR + 0.840%), 01/22/2032   323,000     316,404
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030   586,000     583,376
5.193%, (5.193% to 2-5-36, then Overnight SOFR + 1.300%), 02/05/2037   446,000     438,644
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035   817,000     825,480
5.502%, (5.502% to 1-24-35, then Overnight SOFR + 1.315%), 01/24/2036   520,000     531,430
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036   1,804,000     1,831,408
KeyCorp          
5.121%, (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%), 04/04/2031   241,000     242,870
 
The accompanying notes are an integral part of the financial statements. 7  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
KeyCorp (continued)          
5.305%, (5.305% to 1-28-36, then Overnight SOFR + 1.367%), 01/28/2037 $ 203,000   $ 200,026
6.401%, (6.401% to 3-6-34, then SOFR Compounded Index + 2.420%), 03/06/2035   198,000     210,742
Lazard Group LLC
4.375%, 03/11/2029
  383,000     378,572
Liberty Mutual Group, Inc.
4.125%, (4.125% to 12-15-26, then 5 Year CMT + 3.315%), 12/15/2051 (B)
  203,000     201,561
Lloyds Banking Group PLC          
6.068%, (6.068% to 6-13-35, then 1 Year CMT + 1.600%), 06/13/2036   228,000     234,939
6.625%, (6.625% to 9-27-35, then 5 Year CMT + 2.681%), 09/27/2035 (D)   378,000     376,521
6.750%, (6.750% to 9-27-31, then 5 Year CMT + 3.150%), 09/27/2031 (D)   228,000     234,328
M&T Bank Corp.          
5.125%, (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%), 11/01/2026 (D)   116,000     115,651
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031   275,000     277,199
5.295%, (5.295% to 4-18-31, then 5 Year CMT + 1.380%), 04/18/2036   546,000     540,961
5.385%, (5.385% to 1-16-35, then Overnight SOFR + 1.610%), 01/16/2036   434,000     433,759
5.400%, (5.400% to 7-30-30, then 5 Year CMT + 1.430%), 07/30/2035   494,000     493,115
Macquarie Bank, Ltd.
3.624%, 06/03/2030 (B)
  307,000     291,300
MassMutual Global Funding II
4.350%, 09/17/2031 (B)
  456,000     444,458
MetLife, Inc.
6.400%, (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%), 12/15/2036
  556,000     566,501
Morgan Stanley          
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032   203,000     178,084
2.484%, (2.484% to 9-16-31, then Overnight SOFR + 1.360%), 09/16/2036   796,000     690,521
4.708%, (4.708% to 3-12-31, then Overnight SOFR + 1.195%), 03/12/2032   638,000     630,116
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035   700,000     703,371
5.948%, (5.948% to 1-19-33, then 5 Year CMT + 2.430%), 01/19/2038   586,000     602,919
Morgan Stanley Private Bank NA
4.465%, (4.465% to 11-19-30, then Overnight SOFR + 1.020%), 11/19/2031
  250,000     245,720
MSCI, Inc.
3.625%, 11/01/2031 (B)
  652,000     604,868
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Muthoot Finance, Ltd.
5.750%, 08/04/2030 (B)
$ 294,000   $ 287,482
National Rural Utilities Cooperative Finance Corp.
8.000%, 03/01/2032
  66,000     76,121
NatWest Group PLC          
7.300%, (7.300% to 5-19-35, then 5 Year CMT + 2.937%), 11/19/2034 (D)   498,000     518,517
8.125%, (8.125% to 5-10-34, then 5 Year CMT + 3.752%), 11/10/2033 (D)   224,000     247,922
NMI Holdings, Inc.
6.000%, 08/15/2029
  302,000     308,158
Old National Bancorp
5.768%, (5.768% to 2-15-31, then 3 month CME Term SOFR + 2.200%), 02/15/2036
  195,000     194,974
OneMain Finance Corp.
6.125%, 05/15/2030
  520,000     519,973
PHH Escrow Issuer LLC
9.875%, 11/01/2029 (B)
  417,000     408,150
Pinnacle Bank
5.957%, (5.957% to 1-15-31, then 5 Year CMT + 2.300%), 01/15/2036
  195,000     193,549
Pinnacle Financial Partners, Inc.
5.596%, (5.596% to 5-19-31, then Overnight SOFR + 1.700%), 05/19/2032
  391,000     392,250
Popular, Inc.
7.250%, 03/13/2028
  466,000     480,088
Radian Group, Inc.
6.200%, 05/15/2029
  383,000     395,496
Regions Financial Corp.          
5.502%, (5.502% to 9-6-34, then Overnight SOFR + 2.060%), 09/06/2035   1,035,000     1,047,171
5.722%, (5.722% to 6-6-29, then Overnight SOFR + 1.490%), 06/06/2030   234,000     240,158
Reinsurance Group of America, Inc.
6.650%, (6.650% to 9-15-35, then 5 Year CMT + 2.392%), 09/15/2055
  447,000     451,933
Rocket Companies, Inc.          
6.125%, 08/01/2031 (B)   164,000     167,497
6.375%, 08/01/2033 (B)   391,000     397,633
6.500%, 06/15/2034 (B)   164,000     168,211
Royal Bank of Canada
6.500%, (6.500% to 11-24-35, then 5 Year CMT + 2.462%), 11/24/2085
  687,000     679,597
Santander Holdings USA, Inc.          
5.220%, (5.220% to 6-5-31, then Overnight SOFR + 1.276%), 06/05/2032   437,000     435,914
5.701%, (5.701% to 6-5-36, then Overnight SOFR + 1.596%), 06/05/2037   437,000     436,656
Sixth Street Lending Partners          
5.750%, 01/15/2030   248,000     246,394
6.125%, 07/15/2030   190,000     191,052
Societe Generale SA          
3.653%, (3.653% to 7-8-30, then 5 Year CMT + 3.000%), 07/08/2035 (B)   200,000     187,662
 
The accompanying notes are an integral part of the financial statements. 8  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Societe Generale SA (continued)          
5.375%, (5.375% to 11-18-30, then 5 Year CMT + 4.514%), 11/18/2030 (B)(D) $ 431,000   $ 411,725
Starwood Property Trust, Inc.          
6.000%, 04/15/2030 (B)   326,000     327,187
6.125%, 06/01/2031 (B)   84,000     84,444
Stonebriar ABF Issuer LLC          
7.000%, 08/15/2031 (B)   360,000     359,946
8.125%, 12/15/2030 (B)   276,000     288,556
Teachers Insurance & Annuity Association of America
4.270%, 05/15/2047 (B)
  629,000     503,173
The Bank of New York Mellon Corp.
4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031
  330,000     332,809
The Goldman Sachs Group, Inc.          
2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032   1,523,000     1,367,789
2.650%, (2.650% to 10-21-31, then Overnight SOFR + 1.264%), 10/21/2032   539,000     479,685
The PNC Financial Services Group, Inc.          
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032   560,000     557,533
5.575%, (5.575% to 1-29-35, then Overnight SOFR + 1.394%), 01/29/2036   325,000     333,175
5.939%, (5.939% to 8-18-33, then Overnight SOFR + 1.946%), 08/18/2034   377,000     396,314
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%), 03/15/2030 (D)   440,000     449,788
Truist Financial Corp.          
5.153%, (5.153% to 8-5-31, then Overnight SOFR + 1.571%), 08/05/2032   560,000     564,157
5.281%, (5.281% to 4-23-36, then Overnight SOFR + 1.414%), 04/23/2037   320,000     316,904
5.867%, (5.867% to 6-8-33, then Overnight SOFR + 2.361%), 06/08/2034   1,095,000     1,139,111
6.123%, (6.123% to 10-28-32, then Overnight SOFR + 2.300%), 10/28/2033   379,000     400,102
6.250%, (6.250% to 6-15-31, then 5 Year CMT + 2.129%), 06/15/2031 (D)   430,000     430,107
U.S. Bancorp          
4.839%, (4.839% to 2-1-33, then Overnight SOFR + 1.600%), 02/01/2034   655,000     646,300
5.083%, (5.083% to 5-15-30, then Overnight SOFR + 1.296%), 05/15/2031   390,000     394,344
5.678%, (5.678% to 1-23-34, then Overnight SOFR + 1.860%), 01/23/2035   213,000     219,921
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
U.S. Bancorp (continued)          
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034 $ 604,000   $ 629,764
UBS Group AG          
6.301%, (6.301% to 9-22-33, then 1 Year CMT + 2.000%), 09/22/2034 (B)   400,000     425,022
6.625%, (6.625% to 7-8-31, then 5 Year SOFR ICE Swap Rate + 3.240%), 01/08/2031 (B)(D)   452,000     453,311
7.000%, (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%), 02/10/2030 (B)(D)   274,000     278,762
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (B)(D)   364,000     367,310
9.250%, (9.250% to 11-13-33, then 5 Year CMT + 4.758%), 11/13/2033 (B)(D)   274,000     316,512
Webster Financial Corp.
5.784%, (5.784% to 9-11-30, then 5 Year CMT + 2.125%), 09/11/2035
  196,000     197,529
Wells Fargo & Company          
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033   1,668,000     1,533,302
5.211%, (5.211% to 12-3-34, then Overnight SOFR + 1.380%), 12/03/2035   420,000     419,263
5.244%, (5.244% to 1-24-30, then Overnight SOFR + 1.110%), 01/24/2031   282,000     285,852
6.491%, (6.491% to 10-23-33, then Overnight SOFR + 2.060%), 10/23/2034   814,000     878,583
          73,408,547
Health care – 2.6%          
Abbott Laboratories
4.300%, 03/15/2033
  1,451,000     1,407,411
AbbVie, Inc.          
4.400%, 03/15/2033   505,000     494,124
5.050%, 03/15/2034   1,051,000     1,062,337
Amgen, Inc.          
5.250%, 03/02/2033   1,744,000     1,774,681
5.650%, 03/02/2053   656,000     638,487
Centene Corp.          
3.000%, 10/15/2030   478,000     432,612
3.375%, 02/15/2030   273,000     254,432
CVS Health Corp.
5.000%, 09/15/2032
  550,000     551,225
DaVita, Inc.
4.625%, 06/01/2030 (B)
  294,000     284,815
Endo Finance Holdings LP
8.500%, 04/15/2031 (B)
  237,000     249,137
Fresenius Medical Care US Finance III, Inc.
2.375%, 02/16/2031 (B)
  868,000     769,706
HCA, Inc.          
4.300%, 11/15/2030   169,000     165,311
4.600%, 11/15/2032   260,000     253,232
5.000%, 05/15/2033   581,000     575,060
5.450%, 04/01/2031   414,000     423,008
Horizon Mutual Holdings, Inc.
6.200%, 11/15/2034 (B)
  566,000     550,007
 
The accompanying notes are an integral part of the financial statements. 9  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
IQVIA, Inc.
6.250%, 02/01/2029
$ 217,000   $ 224,186
Medtronic Global Holdings SCA
4.500%, 03/30/2033
  266,000     260,765
Pfizer Investment Enterprises Pte, Ltd.
4.750%, 05/19/2033
  266,000     263,444
Rede D'Or Finance Sarl
6.550%, 04/28/2036 (B)
  535,000     518,469
Solventum Corp.
5.450%, 03/13/2031
  746,000     763,659
Tenet Healthcare Corp.
5.500%, 11/15/2032 (B)
  361,000     358,962
Teva Pharmaceutical Finance Company LLC
6.150%, 02/01/2036
  86,000     90,708
Teva Pharmaceutical Finance
Netherlands III BV
         
4.100%, 10/01/2046   614,000     473,931
6.000%, 12/01/2032   266,000     276,014
Teva Pharmaceutical Finance Netherlands IV BV
5.750%, 12/01/2030
  415,000     425,146
Universal Health Services, Inc.
2.650%, 10/15/2030
  535,000     481,097
VSP Optical Group, Inc.
5.400%, 06/01/2033 (B)
  269,000     269,679
          14,291,645
Industrials – 3.8%          
AerCap Ireland Capital DAC          
3.300%, 01/30/2032   1,449,000     1,324,494
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056   285,000     288,677
Aeropuertos Dominicanos Siglo XXI SA
7.000%, 06/30/2034 (B)
  300,000     310,881
American Airlines 2016-1 Class A Pass Through Trust
4.100%, 01/15/2028
  450,525     442,542
American Airlines 2016-3 Class A Pass Through Trust
3.250%, 10/15/2028
  31,847     30,411
American Airlines 2017-1 Class A Pass Through Trust
4.000%, 02/15/2029
  299,640     290,836
American Airlines 2017-1 Class AA Pass Through Trust
3.650%, 02/15/2029
  337,095     329,356
American Airlines 2017-2 Class A Pass Through Trust
3.600%, 10/15/2029
  241,550     232,246
American Airlines 2019-1 Class A Pass Through Trust
3.500%, 02/15/2032
  548,307     503,866
American Airlines 2019-1 Class AA Pass Through Trust
3.150%, 02/15/2032
  394,538     369,973
American Airlines 2019-1 Class B Pass Through Trust
3.850%, 02/15/2028
  149,831     146,738
American Airlines 2021-1 Class A Pass Through Trust
2.875%, 07/11/2034
  709,154     638,325
American Airlines 2021-1 Class B Pass Through Trust
3.950%, 07/11/2030
  403,465     385,845
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
American Airlines 2025-1 Class A Pass Through Trust
4.900%, 05/11/2038
$ 487,000   $ 474,494
American Airlines 2025-1 Class B Pass Through Trust
5.650%, 11/11/2034
  214,000     211,735
American Airlines 2026-1 Class A Pass Through Trust
5.250%, 11/10/2038
  558,000     553,557
American Airlines 2026-1 Class B Pass Through Trust
5.750%, 05/10/2035
  581,000     577,874
Ashtead Capital, Inc.
5.550%, 05/30/2033 (B)
  547,000     552,622
Azul Secured Finance LLP
9.875%, 02/15/2031 (B)
  230,000     220,280
BlueLinx Holdings, Inc.
6.000%, 11/15/2029 (B)
  383,000     378,443
British Airways 2018-1 Class A Pass Through Trust
4.125%, 09/20/2031 (B)
  47,916     46,283
Builders FirstSource, Inc.          
4.250%, 02/01/2032 (B)   439,000     408,898
6.375%, 03/01/2034 (B)   413,000     417,504
CIMIC Finance USA Pty, Ltd.
7.000%, 03/25/2034 (B)
  515,000     547,556
CIMIC Finance, Ltd.
6.000%, 04/22/2036 (B)
  403,000     397,278
Cimpress PLC
7.375%, 09/15/2032 (B)
  340,000     343,581
DAE Funding LLC
4.950%, 01/15/2033 (B)
  650,000     627,186
Delta Air Lines, Inc.
5.250%, 07/10/2030
  249,000     251,716
Eaton Corp.
4.500%, 03/06/2033
  200,000     195,782
Efesto Bidco SpA Efesto US LLC
7.500%, 02/15/2032 (B)
  332,000     332,222
EquipmentShare.com, Inc.
7.125%, 07/01/2034 (B)
  538,000     528,606
Flowserve Corp.
3.500%, 10/01/2030
  327,000     308,461
Garda World Security Corp.
6.500%, 01/15/2031 (B)
  290,000     293,996
Hexcel Corp.
4.900%, 05/15/2031
  78,000     77,765
Honeywell Aerospace, Inc.
4.600%, 03/16/2033 (B)
  338,000     331,745
HTA Group, Ltd.
6.750%, 04/01/2031 (B)
  193,000     195,302
JB Poindexter & Company, Inc.
8.750%, 12/15/2031 (B)
  240,000     246,750
JetBlue 2019-1 Class AA Pass Through Trust
2.750%, 05/15/2032
  540,154     478,177
JetBlue 2020-1 Class A Pass Through Trust
4.000%, 11/15/2032
  168,986     160,153
MasTec, Inc.
5.900%, 06/15/2029
  256,000     263,426
Novartis Capital Corp.
4.600%, 03/18/2033
  533,000     528,096
QXO Building Products, Inc.
6.875%, 07/15/2034 (B)
  171,000     175,544
 
The accompanying notes are an integral part of the financial statements. 10  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
The Boeing Company
6.528%, 05/01/2034
$ 1,490,000   $ 1,620,992
United Airlines 2016-1 Class A Pass Through Trust
3.450%, 07/07/2028
  386,045     373,987
United Airlines 2019-1 Class A Pass Through Trust
4.550%, 08/25/2031
  365,121     351,862
United Airlines 2023-1 Class A Pass Through Trust
5.800%, 01/15/2036
  772,213     801,405
United Airlines 2024-1 Class A Pass Through Trust
5.875%, 02/15/2037
  430,403     431,739
United Airlines 2024-1 Class AA Pass Through Trust
5.450%, 02/15/2037
  509,342     517,882
United Airlines Holdings, Inc.          
4.875%, 03/01/2029   328,000     324,158
5.375%, 03/01/2031   245,000     243,240
United Airlines, Inc.
4.625%, 04/15/2029 (B)
  154,000     151,865
Weir Group, Inc.
5.350%, 05/06/2030 (B)
  231,000     233,038
WESCO Distribution, Inc.
5.500%, 04/15/2034 (B)
  240,000     237,416
WSP Global, Inc.
5.714%, 09/18/2036 (B)
  554,000     547,814
          21,254,620
Information technology – 2.8%          
Amphenol Corp.
4.400%, 02/15/2033
  266,000     258,641
Beacon Point DC LLC
6.129%, 11/30/2042 (B)
  913,000     920,841
Broadcom, Inc.          
3.419%, 04/15/2033   1,332,000     1,214,233
4.550%, 02/15/2032   168,000     165,734
4.800%, 02/15/2036   510,000     494,928
4.900%, 07/15/2032   733,000     735,398
CDW LLC
5.100%, 03/01/2030
  126,000     125,730
CoreWeave, Inc.          
9.000%, 02/01/2031 (B)(C)   364,000     359,710
9.250%, 06/01/2030 (B)   276,000     277,793
9.750%, 10/01/2031 (B)   266,000     265,413
Dell International LLC          
4.500%, 02/15/2031   458,000     451,642
4.750%, 10/06/2032   552,000     545,482
5.000%, 04/01/2030   279,000     281,359
5.300%, 04/01/2032   566,000     575,642
5.400%, 04/15/2034   858,000     869,856
Fair Isaac Corp.
6.250%, 09/15/2034 (B)
  750,000     738,734
Foundry JV Holdco LLC          
6.100%, 01/25/2036 (B)   539,000     568,223
6.250%, 01/25/2035 (B)   799,000     848,117
HUT 8 DC LLC
6.192%, 11/15/2042 (B)
  393,000     398,063
Jabil, Inc.
4.750%, 02/01/2033
  243,000     237,228
Marvell Technology, Inc.
5.950%, 09/15/2033
  268,000     281,438
Micron Technology, Inc.
2.703%, 04/15/2032
  453,000     405,857
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
Motorola Solutions, Inc.          
2.300%, 11/15/2030 $ 725,000   $ 653,992
2.750%, 05/24/2031   592,000     537,804
Oracle Corp.          
4.700%, 09/27/2034   373,000     341,754
4.800%, 09/26/2032   319,000     303,532
5.250%, 02/03/2032   264,000     260,246
5.550%, 02/06/2053   690,000     555,803
5.700%, 02/04/2036   238,000     230,492
Qorvo, Inc.          
3.375%, 04/01/2031 (B)   471,000     430,213
4.375%, 10/15/2029   311,000     299,780
Stingray Compute LLC
6.000%, 06/15/2031 (B)
  121,000     121,239
TD SYNNEX Corp.
5.300%, 10/10/2035
  520,000     511,895
VeriSign, Inc.
5.100%, 07/15/2031
  196,000     196,577
Yondr JK 1 LLC
6.875%, 06/30/2031 (B)
  175,000     175,439
          15,638,828
Materials – 1.1%          
Anglo American Capital PLC
5.000%, 03/21/2033 (B)
  451,000     447,449
Ardagh Metal Packaging Finance USA LLC
6.250%, 01/30/2031 (B)
  294,000     297,290
Bond US Bidco 1, Inc.
7.125%, 06/15/2033 (B)
  201,000     202,955
Canpack Group, Inc.
6.000%, 05/15/2031 (B)
  200,000     201,134
Cemex SAB de CV          
3.875%, 07/11/2031 (B)   402,000     378,892
5.750%, 06/05/2036   710,000     707,515
First Quantum Minerals, Ltd.          
6.375%, 02/15/2036 (B)   200,000     196,277
8.000%, 03/01/2033 (B)   224,000     234,193
Freeport-McMoRan, Inc.
5.400%, 11/14/2034
  382,000     388,556
Graphic Packaging International LLC
3.500%, 03/01/2029 (B)
  198,000     188,281
Hybar LLC
7.375%, 07/01/2034 (B)
  93,000     93,451
JH North America Holdings, Inc.          
5.875%, 01/31/2031 (B)   106,000     106,499
6.125%, 07/31/2032 (B)   383,000     386,176
Mineral Resources, Ltd.          
6.000%, 05/01/2032 (B)   101,000     99,913
6.250%, 05/01/2034 (B)   101,000     99,313
Novelis Corp.
4.750%, 01/30/2030 (B)
  402,000     388,872
Quikrete Holdings, Inc.
6.375%, 03/01/2032 (B)
  159,000     162,367
Rio Tinto Finance USA PLC
5.000%, 03/14/2032
  266,000     268,707
SNF Group SACA
5.626%, 03/31/2031 (B)
  611,000     617,853
Standard Building Solutions, Inc.          
5.875%, 03/15/2034 (B)   242,000     233,197
6.250%, 08/01/2033 (B)   153,000     151,936
WS Escrow LLC
7.750%, 06/01/2033 (B)
  293,000     300,857
          6,151,683
 
The accompanying notes are an integral part of the financial statements. 11  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Real estate – 1.3%          
American Tower Corp.          
4.700%, 12/15/2032 $ 398,000   $ 391,527
5.550%, 07/15/2033   342,000     350,855
5.650%, 03/15/2033   342,000     353,187
CoStar Group, Inc.
2.800%, 07/15/2030 (B)
  676,000     608,213
FIBRA Prologis
5.500%, 11/26/2035 (B)
  266,000     258,153
Fibra SOMA Trust F/6185
7.125%, 05/28/2036 (B)
  458,000     455,334
Iron Mountain Information Management Services, Inc.
5.000%, 07/15/2032 (B)
  330,000     317,074
Iron Mountain, Inc.          
5.250%, 07/15/2030 (B)   249,000     245,279
6.250%, 01/15/2035 (B)   584,000     586,276
Millrose Properties, Inc.
6.375%, 08/01/2030 (B)
  490,000     496,640
Outfront Media Capital LLC
6.000%, 06/15/2034 (B)
  312,000     311,430
Prologis Targeted U.S. Logistics Fund LP
4.625%, 03/15/2033 (B)
  511,000     497,546
Trust 2401
7.375%, 02/13/2034 (B)
  399,000     422,940
VICI Properties LP          
3.875%, 02/15/2029 (B)   296,000     287,580
5.125%, 11/15/2031   655,000     652,136
5.125%, 05/15/2032   472,000     468,119
Vornado Realty LP
5.750%, 02/01/2033
  435,000     436,554
XHR LP
6.625%, 05/15/2030 (B)
  269,000     275,208
          7,414,051
Utilities – 3.5%          
AES Panama Generation Holdings SRL
4.375%, 05/31/2030 (B)
  376,756     356,344
AltaGas, Ltd.
7.200%, (7.200% to 10-15-34, then 5 Year CMT + 3.573%), 10/15/2054 (B)
  156,000     163,551
American Electric Power Company, Inc.          
5.625%, 03/01/2033   122,000     126,411
5.800%, (5.800% to 3-15-31, then 5 Year CMT + 2.128%), 03/15/2056   271,000     269,512
6.050%, (6.050% to 3-15-36, then 5 Year CMT + 1.940%), 03/15/2056   129,000     128,274
Capital Power US Holdings, Inc.
6.189%, 06/01/2035 (B)
  365,000     377,756
CenterPoint Energy, Inc.          
5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056   323,000     322,849
6.850%, (6.850% to 2-15-35, then 5 Year CMT + 2.946%), 02/15/2055   125,000     131,378
7.000%, (7.000% to 2-15-30, then 5 Year CMT + 3.254%), 02/15/2055   98,000     101,511
Constellation Energy Generation LLC          
4.400%, 01/15/2031   255,000     250,690
6.500%, 10/01/2053   261,000     280,037
Dominion Energy, Inc.          
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056   381,000     382,687
6.200%, (6.200% to 2-15-36, then 5 Year CMT + 2.006%), 02/15/2056   539,000     540,702
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055   353,000     364,759
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
Dominion Energy, Inc. (continued)          
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054 $ 185,000   $ 195,877
Duke Energy Corp.
5.750%, 09/15/2033
  442,000     460,753
Electricite de France SA          
5.650%, 04/22/2029 (B)   651,000     669,103
9.125%, (9.125% to 6-15-33, then 5 Year CMT + 5.411%), 03/15/2033 (B)(D)   527,000     611,991
Entergy Corp.          
5.875%, (5.875% to 6-15-31, then 5 Year CMT + 2.179%), 06/15/2056   546,000     546,086
6.100%, (6.100% to 6-15-36, then 5 Year CMT + 2.013%), 06/15/2056   273,000     273,561
Exelon Corp.          
5.125%, 03/15/2031   204,000     206,721
6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055   129,000     132,405
Georgia Power Company
4.950%, 05/17/2033
  266,000     267,613
Israel Electric Corp., Ltd.
5.633%, 01/28/2038 (B)
  200,000     198,862
NextEra Energy Capital Holdings, Inc.          
2.440%, 01/15/2032   346,000     305,138
6.200%, (6.200% to 10-1-36, then 5 Year CMT + 1.765%), 10/01/2056   324,000     323,687
6.375%, (6.375% to 8-15-30, then 5 Year CMT + 2.053%), 08/15/2055   299,000     304,516
6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055   108,000     110,855
NiSource, Inc.          
3.600%, 05/01/2030   174,000     167,014
5.750%, (5.750% to 7-15-31, then 5 Year CMT + 2.035%), 07/15/2056   435,000     434,370
NRG Energy, Inc.          
3.625%, 02/15/2031 (B)   335,000     311,099
3.875%, 02/15/2032 (B)   626,000     575,546
5.407%, 10/15/2035 (B)   411,000     403,962
5.750%, 01/15/2034 (B)   244,000     242,095
6.000%, 02/01/2033 (B)   229,000     230,223
6.125%, 05/15/2036 (B)   300,000     300,139
7.000%, 03/15/2033 (B)   711,000     771,284
10.250%, (10.250% to 3-15-28, then 5 Year CMT + 5.920%), 03/15/2028 (B)(D)   320,000     345,291
Pacific Gas & Electric Company
5.800%, 05/15/2034
  370,000     378,225
PacifiCorp          
7.125%, (7.125% to 8-15-31, then 5 Year CMT + 3.292%), 08/15/2056   446,000     443,006
7.375%, (7.375% to 9-15-30, then 5 Year CMT + 3.319%), 09/15/2055   399,000     403,047
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.750%, 02/03/2031 (B)
  263,000     256,341
PG&E Corp.          
6.850%, (6.850% to 9-15-31, then 5 Year CMT + 3.225%), 09/15/2056   288,000     286,977
7.375%, (7.375% to 3-15-30, then 5 Year CMT + 3.883%), 03/15/2055   698,000     711,249
Sempra          
5.500%, 08/01/2033   351,000     360,847
6.400%, (6.400% to 10-1-34, then 5 Year CMT + 2.632%), 10/01/2054   422,000     424,261
 
The accompanying notes are an integral part of the financial statements. 12  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
The Southern Company          
5.700%, 03/15/2034 $ 356,000   $ 368,795
6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055   483,000     495,679
Vistra Corp.
8.000%, (8.000% to 10-15-26, then 5 Year CMT + 6.930%), 10/15/2026 (B)(D)
  172,000     173,324
Vistra Operations Company LLC          
4.300%, 07/15/2029 (B)   351,000     343,804
4.700%, 01/31/2031 (B)   202,000     197,956
5.000%, 04/30/2031 (B)   562,000     557,751
5.250%, 04/30/2033 (B)   555,000     550,893
6.000%, 04/15/2034 (B)   446,000     459,113
6.950%, 10/15/2033 (B)   431,000     468,985
WEC Energy Group, Inc.
5.625%, (5.625% to 5-15-31, then 5 Year CMT + 1.905%), 05/15/2056
  272,000     270,357
          19,335,262
TOTAL CORPORATE BONDS (Cost $228,937,056)     $ 229,717,768
TERM LOANS (E) – 0.4%      
Communication services – 0.1%          
Discovery Global Holdings, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 06/03/2033   592,385     592,331
Health care – 0.1%          
Endo Finance Holdings LP, 2024 1st Lien Term Loan (1 month CME Term SOFR + 3.750%) 7.394%, 04/23/2031   187,658     187,658
McKesson Medical-Surgical Top Holdings, Inc., Term Loan B (3 month CME Term SOFR + 2.250%) 5.982%, 06/09/2032   66,000     65,945
          253,603
Industrials – 0.1%          
GFL ES US LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.500%) 6.156%, 03/03/2032   226,290     226,177
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 7.644%, 05/21/2032   552,225     553,722
          779,899
Materials – 0.1%          
Bond UK Midco 3, Ltd., Term Loan B 05/06/2033 TBD (F)   214,000     214,589
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 02/10/2032   276,500     276,154
          490,743
TOTAL TERM LOANS (Cost $2,109,247)   $ 2,116,576
COLLATERALIZED MORTGAGE OBLIGATIONS – 6.5%      
Commercial and residential – 5.5%          
A&D Mortgage Trust          
Series 2025-NQM5, Class A1 (5.120% to 11-1-29, then 6.120% thereafter),
5.120%, 12/25/2070 (B)
  251,779     249,875
Series 2026-NQM1, Class A1,
4.912%, 02/25/2071 (B)(G)
  359,944     355,884
Series 2026-NQM2, Class A1,
4.811%, 03/25/2071 (B)(G)
  517,878     511,190
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Angel Oak Mortgage Trust LLC          
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter),
4.800%, 11/26/2068 (B)
$ 331,654   $ 329,740
Series 2025-10, Class A1,
4.960%, 09/25/2070 (B)(G)
  177,751     176,084
Series 2025-11, Class A1,
4.975%, 10/25/2070 (B)(G)
  273,786     271,230
Series 2026-1, Class A1,
4.747%, 02/25/2071 (B)(G)
  480,409     473,624
Arroyo Mortgage Trust
Series 2021-1R, Class A1
1.175%, 10/25/2048 (B)(G)
  94,436     86,161
Avenue of Americas
Series 2025-1301, Class A
5.227%, 08/11/2042 (B)(G)
  428,000     427,484
BAHA Trust
Series 2024-MAR, Class A
6.171%, 12/10/2041 (B)(G)
  554,000     565,432
BAMLL Commercial Mortgage Securities Trust
Series 2019-BPR, Class ENM
3.843%, 11/05/2032 (B)(G)
  116,000     106,517
BANK
Series 2021-BN34, Class XA IO
1.066%, 06/15/2063
  12,564,713     420,267
BANK5          
Series 2025-5YR18, Class A3,
5.145%, 12/15/2058
  384,000     387,521
Series 2025-5YR19, Class A3,
5.270%, 12/15/2058
  259,000     262,788
Series 2026-5YR20, Class A3,
5.104%, 02/15/2059
  165,000     166,218
Series 2026-5YR21, Class A3,
5.525%, 04/15/2059
  262,000     268,312
Series 2026-5YR22, Class A3,
5.713%, 06/15/2059 (G)
  526,000     542,474
BBCMS Mortgage Trust          
Series 2020-C6, Class A2,
2.690%, 02/15/2053
  72,227     68,135
Series 2024-5C29, Class A3,
5.208%, 09/15/2057
  151,000     152,137
Series 2024-5C31, Class A3,
5.609%, 12/15/2057
  168,000     171,417
Series 2025-5C38, Class A3,
5.146%, 11/15/2058
  307,000     310,154
Series 2026-5C40, Class A3,
5.248%, 02/15/2059
  269,000     272,530
Series 2026-5C41, Class A3,
5.438%, 05/15/2069
  372,000     379,382
Series 2026-5C42, Class A3,
5.598%, 06/15/2059
  263,000     270,442
Benchmark Mortgage Trust          
Series 2019-B12, Class A2,
3.001%, 08/15/2052
  96,485     94,606
Series 2024-V12, Class A3,
5.738%, 12/15/2057
  523,000     535,835
Series 2026-V20, Class A3,
5.184%, 02/15/2059
  203,000     205,067
BMO Mortgage Trust
Series 2024-5C8, Class A3
5.625%, 12/15/2057 (G)
  163,000     166,414
 
The accompanying notes are an integral part of the financial statements. 13  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
BRAVO Residential Funding Trust
Series 2021-NQM1, Class A1
0.941%, 02/25/2049 (B)(G)
$ 85,707   $ 81,305
BX Trust          
Series 2019-OC11, Class A,
3.202%, 12/09/2041 (B)
  229,000     216,282
Series 2019-OC11, Class D,
4.075%, 12/09/2041 (B)(G)
  300,000     283,517
CENT Trust
Series 2025-CITY, Class A
5.091%, 07/10/2040 (B)(G)
  297,000     296,477
CHL Mortgage Pass-Through Trust
Series 2004-HYB2, Class 4A
5.972%, 07/20/2034 (G)
  219,424     216,088
Citigroup Commercial Mortgage Trust          
Series 2019-C7, Class XA IO,
0.938%, 12/15/2072
  13,984,924     346,718
Series 2023-SMRT, Class A,
6.015%, 06/12/2040 (B)(G)
  340,000     344,925
COLT Mortgage Loan Trust          
Series 2021-2, Class A1,
0.924%, 08/25/2066 (B)(G)
  148,504     126,775
Series 2025-6, Class A1 (5.529% to 7-1-29, then 6.529% thereafter),
5.529%, 08/25/2070 (B)
  192,788     192,910
COLT Trust
Series 2020-RPL1, Class A1
1.390%, 01/25/2065 (B)(G)
  308,567     262,446
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG)
Series 2018-COR3, Class XA IO
0.576%, 05/10/2051
  4,943,475     30,036
Credit Suisse Mortgage
Capital Certificates
         
Series 2021-NQM2, Class A1,
1.179%, 02/25/2066 (B)(G)
  81,942     73,170
Series 2021-NQM3, Class A1,
1.015%, 04/25/2066 (B)(G)
  104,366     91,496
Series 2021-NQM6, Class A1,
1.174%, 07/25/2066 (B)(G)
  318,481     272,234
Cross Mortgage Trust          
Series 2025-H8, Class A1,
5.003%, 11/25/2070 (B)(G)
  249,898     247,726
Series 2025-H9, Class A1,
5.036%, 11/25/2070 (B)(G)
  314,716     312,171
Series 2026-NQM1, Class A1,
4.699%, 02/25/2061 (B)(G)
  460,711     453,994
DSLA Mortgage Loan Trust
Series 2004-AR3, Class 2A2B (1 month CME Term SOFR + 1.014%)
4.654%, 07/19/2044 (A)
  183,583     183,094
Ellington Financial Mortgage Trust          
Series 2021-2, Class A1,
0.931%, 06/25/2066 (B)(G)
  143,328     121,598
Series 2025-INV4, Class A1,
5.100%, 10/25/2070 (B)
  183,017     181,581
Series 2026-NQM1, Class A1,
4.771%, 02/25/2071 (B)(G)
  262,480     258,861
Flagstar Mortgage Trust
Series 2021-1, Class A2
2.500%, 02/01/2051 (B)(G)
  274,394     226,194
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
FREMF Mortgage Trust
Series 2019-KF69, Class B (30 day Average SOFR + 2.414%)
6.006%, 08/25/2029 (A)(B)
$ 87,868   $ 84,720
GCAT Trust          
Series 2021-NQM1, Class A1,
0.874%, 01/25/2066 (B)(G)
  90,630     80,129
Series 2021-NQM2, Class A1,
1.036%, 05/25/2066 (B)(G)
  96,563     84,592
Series 2021-NQM3, Class A1,
1.091%, 05/25/2066 (B)(G)
  147,846     129,506
Series 2025-NQM5, Class A1,
4.981%, 08/25/2070 (B)(G)
  311,757     308,624
GGP Trust
Series 2026-TY, Class A
4.825%, 03/05/2043 (B)(G)
  420,000     413,748
GS Mortgage-Backed Securities Trust
Series 2021-NQM1, Class A1
1.017%, 07/25/2061 (B)(G)
  57,529     53,098
HarborView Mortgage Loan Trust          
Series 2007-3, Class ES IO,
0.350%, 05/19/2037 (B)
  5,587,161     89,824
Series 2007-4, Class ES IO,
0.350%, 07/19/2037
  5,562,448     83,794
Series 2007-6, Class ES IO,
0.343%, 08/19/2037 (B)
  6,063,405     103,736
Hudson Yards Mortgage Trust          
Series 2025-SPRL, Class A,
5.649%, 01/13/2040 (B)(G)
  476,000     483,515
Series 2026-10HY, Class A,
5.086%, 12/10/2039 (B)(G)
  380,000     381,437
Imperial Fund Mortgage Trust
Series 2021-NQM1, Class A1
1.071%, 06/25/2056 (B)(G)
  83,817     73,229
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2020-NNN, Class AFX
2.812%, 01/16/2037 (B)
  258,000     232,203
MASTR Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1
6.022%, 04/21/2034 (G)
  29,302     28,906
MFA Trust
Series 2021-NQM1, Class A1
1.153%, 04/25/2065 (B)(G)
  49,133     46,298
Morgan Stanley Capital I Trust
Series 2019-L3, Class XA IO
0.723%, 11/15/2052
  19,656,132     337,795
Morgan Stanley Residential Mortgage Loan Trust
Series 2025-NQM10, Class A1
5.119%, 11/25/2070 (B)(G)
  215,324     213,430
MTN Commercial Mortgage Trust
Series 2026-LPFX, Class A
5.153%, 05/15/2043 (B)(G)
  204,000     203,616
Natixis Commercial Mortgage Securities Trust
Series 2018-ALXA, Class C
4.460%, 01/15/2043 (B)(G)
  98,000     92,519
New Residential Mortgage Loan Trust          
Series 2025-NQM6, Class A1,
5.085%, 10/25/2065 (B)(G)
  381,404     378,345
 
The accompanying notes are an integral part of the financial statements. 14  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
New Residential Mortgage
Loan Trust (continued)
         
Series 2026-NQM1, Class A1,
4.824%, 11/25/2065 (B)(G)
$ 276,007   $ 272,558
Series 2026-NQM2, Class A1,
4.743%, 12/25/2065 (B)(G)
  209,496     206,372
NXPT Commercial Mortgage Trust
Series 2024-STOR, Class A
4.455%, 11/05/2041 (B)(G)
  328,000     320,860
NYC Trust
Series 2026-9W57, Class A
5.053%, 06/06/2040 (B)(G)
  700,000     696,868
NYMT Loan Trust
Series 2022-CP1, Class A1
2.042%, 07/25/2061 (B)
  80,475     75,460
OBX Trust          
Series 2020-EXP2, Class A3,
2.500%, 05/25/2060 (B)(G)
  74,939     63,042
Series 2021-NQM2, Class A1,
1.101%, 05/25/2061 (B)(G)
  251,895     206,119
Series 2025-NQM18, Class A1,
5.057%, 09/25/2065 (B)(G)
  129,417     128,641
Series 2025-NQM19, Class A1,
4.869%, 10/25/2065 (B)(G)
  265,099     262,755
Series 2025-NQM20, Class A1,
5.021%, 10/25/2065 (B)(G)
  312,653     310,119
Series 2025-NQM21, Class A1,
4.989%, 10/25/2065 (B)(G)
  209,676     207,937
Series 2025-NQM23, Class A1,
4.872%, 10/25/2065 (B)(G)
  379,199     376,010
Series 2026-NQM1, Class A1,
4.846%, 11/25/2065 (B)(G)
  260,640     258,360
Series 2026-NQM2, Class A1,
4.818%, 12/01/2065 (B)(G)
  569,950     565,451
Series 2026-NQM3, Class A1,
4.652%, 01/25/2066 (B)(G)
  471,722     464,439
Series 2026-NQM8, Class A1,
5.297%, 05/25/2066 (B)(G)
  176,000     175,300
Series 2026-NQM9, Class A1,
5.470%, 04/25/2066 (B)(G)
  379,000     378,854
PRKCM Trust
Series 2026-AFC1, Class A1
4.677%, 02/25/2061 (B)(G)
  225,329     221,764
Progress Residential Trust          
Series 2025-SFR1, Class A,
3.400%, 02/17/2042 (B)
  382,056     362,444
Series 2025-SFR2, Class A,
3.305%, 04/17/2042 (B)
  299,830     282,494
Series 2025-SFR5, Class A,
3.850%, 10/17/2042 (B)
  325,493     311,023
Series 2025-SFR6, Class A,
4.000%, 12/17/2042 (B)
  443,000     425,043
Series 2026-SFR1, Class A,
3.850%, 02/17/2043 (B)
  293,000     278,677
Series 2026-SFR2, Class A,
4.240%, 05/17/2043 (B)
  315,000     303,944
Series 2026-SFR3, Class A,
4.000%, 07/17/2043 (B)
  201,000     191,511
Provident Funding Mortgage Trust
Series 2020-F1, Class A2
2.000%, 01/25/2036 (B)(G)
  197,751     176,407
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
ROCK Trust          
Series 2024-CNTR, Class A,
5.388%, 11/13/2041 (B)
$ 446,000   $ 450,771
Series 2024-CNTR, Class D,
7.109%, 11/13/2041 (B)
  557,000     576,994
Sequoia Mortgage Trust
Series 2005-3, Class A1 (1 month CME Term SOFR + 0.514%)
4.154%, 05/20/2035 (A)
  13,085     12,255
SLG Office Trust          
Series 2021-OVA, Class D,
2.851%, 07/15/2041 (B)
  352,000     306,522
Series 2026-OMA, Class A,
5.131%, 04/15/2041 (B)(G)
  511,000     510,265
Structured Asset Securities Corp.
Series 1998-RF2, Class A
4.739%, 07/15/2027 (B)(G)
  21,972     21,915
Towd Point Mortgage Trust          
Series 2015-6, Class M2,
3.750%, 04/25/2055 (B)(G)
  540,471     535,689
Series 2018-4, Class A1,
3.000%, 06/25/2058 (B)(G)
  153,095     144,504
Series 2019-1, Class A1,
3.750%, 03/25/2058 (B)(G)
  98,264     95,163
Series 2019-4, Class A1,
2.900%, 10/25/2059 (B)(G)
  83,993     80,375
Series 2020-4, Class A1,
1.750%, 10/25/2060 (B)
  224,976     204,424
Series 2024-4, Class A1A,
4.547%, 10/27/2064 (B)(G)
  507,641     506,136
VDCM Commercial Mortgage Trust
Series 2025-AZ, Class A
5.229%, 07/13/2044 (B)(G)
  324,000     320,786
Verus Securitization Trust          
Series 2021-3, Class A1,
1.046%, 06/25/2066 (B)(G)
  150,033     131,982
Series 2021-4, Class A1,
0.938%, 07/25/2066 (B)(G)
  97,138     82,141
Series 2021-5, Class A1,
1.013%, 09/25/2066 (B)(G)
  142,066     121,993
Series 2021-R1, Class A1,
0.820%, 10/25/2063 (B)(G)
  20,281     19,730
Series 2025-11, Class A1,
4.914%, 11/25/2070 (B)(G)
  414,631     411,473
Series 2025-R2, Class A1,
5.086%, 07/25/2067 (B)(G)
  194,939     193,477
Series 2026-2, Class A1,
4.590%, 02/25/2071 (B)(G)
  357,844     352,858
Washington Mutual Mortgage Pass Through Certificates
Series 2005-1, Class 6A1
6.500%, 03/25/2035
  134,583     117,543
Wells Fargo Commercial Mortgage Trust          
Series 2025-5C4, Class A3,
5.673%, 05/15/2058
  319,000     326,300
Series 2025-5C6, Class A3,
5.186%, 10/15/2058
  368,000     370,727
WHARF Commercial Mortgage Trust
Series 2025-DC, Class A
5.528%, 07/15/2040 (B)(G)
  369,000     372,798
          30,738,855
 
The accompanying notes are an integral part of the financial statements. 15  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency – 1.0%          
Federal Home Loan Mortgage Corp.          
Series 290, Class IO,
3.500%, 11/15/2032
$ 331,270   $ 22,566
Series 3387, Class SB IO,
2.713%, 11/15/2037
  394,365     32,560
Series K109, Class X1 IO,
1.679%, 04/25/2030
  3,009,695     149,244
Series K121, Class X1 IO,
1.105%, 10/25/2030
  12,330,127     430,848
Series T-41, Class 3A,
4.435%, 07/25/2032 (G)
  28,487     26,031
Federal National Mortgage Association          
Series 2001-50, Class BA,
7.000%, 10/25/2041
  1,669     1,716
Series 2002-W3, Class A5,
7.500%, 11/25/2041
  32,337     33,400
Series 2012-137, Class WI IO,
3.500%, 12/25/2032
  290,819     20,410
Series 2022-22, Class B,
2.000%, 07/25/2054
  1,007,717     602,979
Government National
Mortgage Association
         
Series 2008-90, Class IO,
2.019%, 12/16/2050
  1,917,930     234,616
Series 2010-147, Class SA IO,
2.416%, 05/20/2040
  62,799     818
Series 2010-85, Class SB IO,
2.852%, 03/16/2040
  199,330     6,513
Series 2012-114, Class IO,
0.639%, 01/16/2053
  182,232     2,644
Series 2012-120, Class IO,
0.645%, 02/16/2053
  2,741,712     40,017
Series 2015-86, Class IO,
0.465%, 05/16/2052
  14,663,909     210,954
Series 2016-174, Class IO,
0.723%, 11/16/2056
  228,520     6,854
Series 2017-109, Class IO,
0.175%, 04/16/2057
  332,262     2,490
Series 2017-124, Class IO,
0.633%, 01/16/2059
  308,331     11,052
Series 2017-135, Class IO,
0.688%, 10/16/2058
  796,311     26,107
Series 2017-140, Class IO,
0.485%, 02/16/2059
  351,098     8,544
Series 2017-159, Class IO,
0.413%, 06/16/2059
  413,938     10,172
Series 2017-169, Class IO,
0.520%, 01/16/2060
  1,505,174     46,862
Series 2017-20, Class IO,
0.475%, 12/16/2058
  1,157,524     21,737
Series 2017-22, Class IO,
0.737%, 12/16/2057
  156,865     5,245
Series 2017-41, Class IO,
0.489%, 07/16/2058
  304,772     7,549
Series 2017-46, Class IO,
0.651%, 11/16/2057
  448,460     16,463
Series 2017-61, Class IO,
0.687%, 05/16/2059
  197,095     6,629
Series 2018-158, Class IO,
0.801%, 05/16/2061
  1,495,332     83,488
Series 2018-35, Class IO,
0.546%, 03/16/2060
  1,295,900     38,257
Series 2018-43, Class IO,
0.463%, 05/16/2060
  920,491     28,811
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
Series 2018-69, Class IO,
0.611%, 04/16/2060
$ 339,314   $ 14,995
Series 2018-81, Class IO,
0.487%, 01/16/2060
  256,161     10,325
Series 2018-9, Class IO,
0.444%, 01/16/2060
  1,524,633     43,913
Series 2019-131, Class IO,
0.803%, 07/16/2061
  1,177,008     65,686
Series 2020-100, Class IO,
0.788%, 05/16/2062
  1,366,611     80,157
Series 2020-108, Class IO,
0.847%, 06/16/2062
  2,964,623     175,571
Series 2020-114, Class IO,
0.799%, 09/16/2062
  3,131,272     167,874
Series 2020-118, Class IO,
0.885%, 06/16/2062
  2,285,279     141,345
Series 2020-119, Class IO,
0.607%, 08/16/2062
  1,270,377     56,620
Series 2020-120, Class IO,
0.760%, 05/16/2062
  706,637     40,349
Series 2020-137, Class IO,
0.800%, 09/16/2062
  3,410,746     205,299
Series 2020-143, Class IB IO,
0.884%, 03/16/2062
  3,936,407     247,530
Series 2020-150, Class IO,
0.971%, 12/16/2062
  2,069,010     136,005
Series 2020-170, Class IO,
0.836%, 11/16/2062
  2,768,601     175,180
Series 2020-28, Class IO,
0.816%, 11/16/2061
  4,816,698     262,623
Series 2020-92, Class IO,
0.870%, 02/16/2062
  3,034,737     180,495
Series 2021-3, Class IO,
0.871%, 09/16/2062
  3,463,030     215,853
Series 2021-40, Class IO,
0.823%, 02/16/2063
  849,717     50,815
Series 2022-150, Class IO,
0.823%, 06/16/2064
  294,304     15,905
Series 2022-17, Class IO,
0.802%, 06/16/2064
  1,889,859     101,500
Series 2022-181, Class IO,
0.722%, 07/16/2064
  908,204     52,727
Series 2022-21, Class IO,
0.785%, 10/16/2063
  836,700     50,362
Series 2023-177, Class IO,
0.857%, 06/16/2065
  1,964,555     108,959
Series 2023-197, Class IO,
1.244%, 09/16/2065
  594,355     47,797
Series 2023-30, Class IO,
1.001%, 11/16/2064
  1,202,777     76,473
Series 2024-179, Class XI IO,
0.831%, 12/16/2066
  4,257,625     293,200
Series 2025-126, Class IO,
0.767%, 05/16/2067
  2,254,652     151,225
Series 2026-56, Class IO,
0.855%, 11/16/2068
  2,655,123     196,802
          5,501,161
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $40,154,003)   $ 36,240,016
 
The accompanying notes are an integral part of the financial statements. 16  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES – 6.3%      
ABPCI Direct Lending Fund I, Ltd.
Series 2020-1A, Class A
3.199%, 12/29/2030 (B)
$ 66,038   $ 60,679
Aligned Data Centers Issuer LLC          
Series 2023-2A, Class A2
6.500%, 11/16/2048 (B)
  193,000     194,215
Series 2026-1A, Class A2I
5.909%, 06/15/2056 (B)
  304,000     304,677
AMSR Trust          
Series 2023-SFR1, Class A
4.000%, 04/17/2040 (B)
  206,000     202,562
Series 2025-SFR1, Class A
3.655%, 06/17/2042 (B)
  177,000     168,806
Series 2025-SFR2, Class A
4.275%, 11/17/2042 (B)
  264,000     256,506
Arby's Funding LLC
Series 2020-1A, Class A2
3.237%, 07/30/2050 (B)
  478,790     468,323
Business Jet Securities LLC
Series 2026-1A, Class A
5.464%, 06/15/2041 (B)
  209,000     209,390
Canon Music Issuer Trust
Series 2026-1A, Class A
5.521%, 05/01/2076 (B)
  234,000     233,111
CarMax Auto Owner Trust
Series 2026-2, Class A3
4.220%, 06/16/2031
  316,000     314,130
Centex Home Equity Loan Trust
Series 2005-A, Class M4 (1 month CME Term SOFR + 1.314%)
4.963%, 01/25/2035 (A)
  156,736     153,163
CF Hippolyta Issuer LLC          
Series 2020-1, Class A1
1.690%, 07/15/2060 (B)
  382,672     316,147
Series 2021-1A, Class A1
1.530%, 03/15/2061 (B)
  352,334     277,432
CLI Funding IX LLC
Series 2025-1A, Class A
5.350%, 06/20/2050 (B)
  340,437     340,720
CLI Funding VI LLC
Series 2020-1A, Class A
2.080%, 09/18/2045 (B)
  260,843     244,298
CLI Funding VIII LLC          
Series 2021-1A, Class A
1.640%, 02/18/2046 (B)
  198,232     183,153
Series 2022-1A, Class A
2.720%, 01/18/2047 (B)
  523,907     481,297
Compass Datacenters Issuer II LLC          
Series 2024-1A, Class A1
5.250%, 02/25/2049 (B)
  320,000     321,233
Series 2025-1A, Class A1
5.316%, 05/25/2050 (B)
  322,000     321,075
Compass Datacenters Issuer III LLC
Series 2025-2A, Class A2
5.835%, 02/25/2050 (B)
  175,000     176,263
Concord Music Royalties LLC
Series 2025-2A, Class A
5.785%, 07/20/2075 (B)
  306,000     308,753
Consolidated Communications LLC          
Series 2025-1A, Class A2
6.000%, 05/20/2055 (B)
  421,000     426,502
Series 2025-4A, Class A2
5.522%, 12/20/2055 (B)
  217,000     217,877
ContiMortgage Home Equity Loan Trust
Series 1995-2, Class A5
8.100%, 08/15/2025 (H)
  4,876     4,708
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
CyrusOne Data Centers Issuer I LLC          
Series 2023-1A, Class A2
4.300%, 04/20/2048 (B)
$ 543,000   $ 531,323
Series 2024-2A, Class A2
4.500%, 05/20/2049 (B)
  493,000     477,407
DataBank Issuer LLC
Series 2026-1A, Class A2
5.811%, 02/25/2056 (B)
  343,000     342,536
DB Master Finance LLC          
Series 2017-1A, Class A2II
4.030%, 11/20/2047 (B)
  182,583     180,696
Series 2025-1A, Class A2I
4.891%, 08/20/2055 (B)
  199,000     196,696
Series 2025-1A, Class A2II
5.165%, 08/20/2055 (B)
  212,930     210,390
Series 2026-1A, Class A2I
5.200%, 05/20/2056 (B)
  238,000     237,851
Series 2026-1A, Class A2II
5.432%, 05/20/2056 (B)
  412,000     412,219
Diamond Infrastructure Funding LLC
Series 2021-1A, Class C
3.475%, 04/15/2049 (B)
  370,000     365,898
Domino's Pizza Master Issuer LLC          
Series 2021-1A, Class A2I
2.662%, 04/25/2051 (B)
  1,302,178     1,237,063
Series 2025-1A, Class A2I
4.930%, 07/25/2055 (B)
  231,000     228,976
Series 2025-1A, Class A2II
5.217%, 07/25/2055 (B)
  268,000     266,748
Driven Brands Funding LLC          
Series 2020-2A, Class A2
3.237%, 01/20/2051 (B)
  274,509     263,926
Series 2021-1A, Class A2
2.791%, 10/20/2051 (B)
  403,379     376,421
Series 2025-1A, Class A2
5.296%, 10/20/2055 (B)
  288,550     279,185
FirstKey Homes Trust
Series 2021-SFR1, Class D
2.189%, 08/17/2038 (B)
  246,000     244,874
FirstLight Issuer LLC
Series 2026-1A, Class A2
5.873%, 06/20/2056 (B)
  353,000     354,394
Flexential Issuer LLC
Series 2025-1A, Class A2
6.030%, 10/25/2060 (B)
  220,000     218,928
Ford Credit Auto Owner Trust
Series 2026-1, Class A (4.320% to 2-15-31, then 8.630% thereafter)
4.320%, 08/15/2038 (B)
  494,000     488,370
GBX Leasing LLC
Series 2026-1A, Class A
5.130%, 02/20/2056 (B)
  361,489     354,046
GM Financial Consumer Automobile Receivables Trust
Series 2026-2, Class A3
4.150%, 08/18/2031
  457,000     454,164
GM Financial Revolving Receivables Trust
Series 2024-1, Class A
4.980%, 12/11/2036 (B)
  315,000     318,967
Golub Capital Partners Funding, Ltd.          
Series 2020-1A, Class A2
3.208%, 01/22/2029 (B)
  49,362     46,877
Series 2021-1A, Class A2
2.773%, 04/20/2029 (B)
  147,677     137,432
 
The accompanying notes are an integral part of the financial statements. 17  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
HI-FI Music IP Issuer LP
Series 2022-1A, Class A2
3.939%, 02/01/2062 (B)
$ 483,000   $ 479,956
Hotwire Funding LLC
Series 2024-1A, Class A2
5.893%, 06/20/2054 (B)
  148,000     149,380
Invitation Homes Trust
Series 2024-SFR1, Class A
4.000%, 09/17/2041 (B)
  588,107     572,178
Iskandar Enterprise LLC
Series 2026-1A, Class A21
5.049%, 04/17/2056 (B)
  622,000     618,435
Jersey Mike's Funding LLC          
Series 2024-1A, Class A2
5.636%, 02/15/2055 (B)
  445,363     449,540
Series 2025-1A, Class A2
5.610%, 08/16/2055 (B)
  466,475     470,862
Series 2026-1A, Class A2I
4.952%, 02/15/2056 (B)
  445,883     439,880
Jimmy John's Funding LLC
Series 2026-1A, Class A2
5.685%, 04/30/2056 (B)
  544,000     545,962
Kinetic ABS Issuer LLC
Series 2026-1A, Class A2
5.219%, 02/25/2056 (B)
  201,000     199,669
Lyra Music Assets LP
Series 2025-1A, Class A2
5.604%, 09/20/2065 (B)
  387,120     388,756
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class A2
5.400%, 08/20/2055 (B)
  437,000     438,179
Series 2025-4A, Class A2
5.163%, 12/20/2055 (B)
  223,000     222,029
Series 2026-1A, Class A2
5.273%, 04/20/2056 (B)
  266,000     266,127
Navient Refinance Loan Trust          
Series 2026-A, Class A
4.500%, 01/18/2056 (B)
  443,957     437,639
Series 2026-B, Class A
5.070%, 06/15/2056 (B)
  248,000     247,939
Navient Student Loan Trust
Series 2020-2A, Class A1A
1.320%, 08/26/2069 (B)
  109,910     93,227
Neighborly Issuer LLC          
Series 2021-1A, Class A2
3.584%, 04/30/2051 (B)
  609,900     584,491
Series 2022-1A, Class A2
3.695%, 01/30/2052 (B)
  244,163     231,437
Series 2023-1A, Class A2
7.308%, 01/30/2053 (B)
  483,750     484,466
New Economy Assets - Phase 1
Sponsor LLC
         
Series 2021-1, Class A1
1.910%, 10/20/2061 (B)
  503,000     411,203
Series 2021-1, Class B1
2.410%, 10/20/2061 (B)
  335,000     200,029
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, Class A2A
5.000%, 09/15/2048 (B)
  391,000     387,057
Sabey Data Center Issuer LLC
Series 2026-1, Class A2
5.482%, 01/20/2051 (B)
  319,000     316,022
Scalelogix ABS Issuer LLC
Series 2025-1A, Class A2
5.673%, 07/25/2055 (B)
  331,000     322,436
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
ServiceMaster Funding LLC
Series 2021-1, Class A2II
3.113%, 07/30/2051 (B)
$ 327,486   $ 282,230
SERVPRO Master Issuer LLC
Series 2024-1A, Class A2
6.174%, 01/25/2054 (B)
  240,465     245,628
Sesac Finance LLC
Series 2025-1, Class A2
5.500%, 07/25/2055 (B)
  371,000     360,509
SMB Private Education Loan Trust          
Series 2021-A, Class APT2
1.070%, 01/15/2053 (B)
  95,075     87,221
Series 2024-A, Class A1A
5.240%, 03/15/2056 (B)
  413,136     414,845
Series 2024-E, Class A1A
5.090%, 10/16/2056 (B)
  309,820     309,524
Sonic Capital LLC          
Series 2020-1A, Class A2I
3.845%, 01/20/2050 (B)
  493,433     489,548
Series 2021-1A, Class A2I
2.190%, 08/20/2051 (B)
  347,663     322,990
Sprite, Ltd.
Series 2026-1, Class A
5.227%, 03/15/2041 (B)
  287,493     282,575
STORE Master Funding LLC
Series 2019-1, Class A2
3.650%, 11/20/2049 (B)
  280,775     241,470
Subway Funding LLC          
Series 2024-1A, Class A2I
6.028%, 07/30/2054 (B)
  261,025     262,086
Series 2024-1A, Class A2II
6.268%, 07/30/2054 (B)
  233,445     234,755
Series 2024-3A, Class A23
5.914%, 07/30/2054 (B)
  579,180     559,050
Summit Issuer LLC
Series 2025-1A, Class A2
5.208%, 11/20/2055 (B)
  384,000     381,418
Switch ABS Issuer LLC          
Series 2024-2A, Class A2
5.436%, 06/25/2054 (B)
  128,000     126,597
Series 2025-1A, Class A2
5.036%, 03/25/2055 (B)
  521,000     507,663
Series 2025-2A, Class A21
5.121%, 10/25/2055 (B)
  350,000     344,586
Taco Bell Funding LLC          
Series 2025-1A, Class A2I
4.821%, 08/25/2055 (B)
  417,000     411,942
Series 2025-1A, Class A2II
5.049%, 08/25/2055 (B)
  343,000     337,716
TAL Advantage VII LLC
Series 2020-1A, Class B
3.290%, 09/20/2045 (B)
  198,125     190,825
TIF Funding II LLC
Series 2021-1A, Class A
1.650%, 02/20/2046 (B)
  514,817     467,182
Toyota Auto Receivables Owner Trust
Series 2026-B, Class A3
4.130%, 12/16/2030
  665,000     661,122
Tricon American Homes Trust
Series 2020-SFR2, Class D
2.281%, 11/17/2039 (B)
  500,000     478,242
Triton Container Finance IX LLC
Series 2026-1A, Class A
5.260%, 05/20/2051 (B)
  260,363     258,664
Triton Container Finance VIII LLC          
Series 2020-1A, Class A
2.110%, 09/20/2045 (B)
  413,601     388,814
 
The accompanying notes are an integral part of the financial statements. 18  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Triton Container Finance
VIII LLC (continued)
         
Series 2021-1A, Class A
1.860%, 03/20/2046 (B)
$ 187,721   $ 173,051
Uniti Fiber Issuer LLC          
Series 2025-1A, Class A2
5.877%, 04/20/2055 (B)
  224,000     226,691
Series 2025-2A, Class A2
5.177%, 01/20/2056 (B)
  222,000     218,637
Vantage Data Centers LLC          
Series 2020-2A, Class A2
1.992%, 09/15/2045 (B)
  312,000     299,214
Series 2021-1A, Class A2
2.165%, 10/15/2046 (B)
  400,000     397,002
VB-S1 Issuer LLC
Series 2026-1A, Class C2
4.693%, 03/15/2056 (B)
  248,000     242,354
Verizon Master Trust
Series 2025-9, Class A1A
3.960%, 10/21/2030
  338,000     336,365
Wendy's Funding LLC
Series 2021-1A, Class A2I
2.370%, 06/15/2051 (B)
  286,597     264,608
Willis Engine Structured Trust IX
Series 2025-B, Class A
5.159%, 12/15/2050 (B)
  244,015     241,839
Willis Engine Structured Trust V
Series 2020-A, Class A
3.228%, 03/15/2045 (B)
  109,357     106,046
Willis Engine Structured Trust VIII
Series 2025-A, Class A
5.582%, 06/15/2050 (B)
  241,212     241,611
Wingstop Funding LLC
Series 2024-1A, Class A2
5.858%, 12/05/2054 (B)
  250,000     252,101
Zaxby's Funding LLC
Series 2021-1A, Class A2
3.238%, 07/30/2051 (B)
  267,653     255,124
Zayo Issuer LLC
Series 2025-1A, Class A2
5.648%, 03/20/2055 (B)
  389,000     390,271
TOTAL ASSET-BACKED SECURITIES (Cost $36,318,214)     $ 35,659,422
COMMON STOCKS – 0.0%        
Energy – 0.0%          
Altera Infrastructure LP (I)(J)   937     37,881
TOTAL COMMON STOCKS (Cost $237,384)   $ 37,881
PREFERRED SECURITIES – 0.2%        
Communication services – 0.1%          
Alphabet, Inc., 6.250%   3,951     201,066
Alphabet, Inc., 6.250%   3,951     198,735
Telephone & Data Systems, Inc., 6.625%   5,925     120,159
          519,960
Active Bond Trust (continued)
    Shares or
Principal
Amount
  Value
PREFERRED SECURITIES (continued)        
Utilities – 0.1%          
NextEra Energy, Inc., 7.375%   10,312   $ 494,357
TOTAL PREFERRED SECURITIES (Cost $1,058,825)   $ 1,014,317
SHORT-TERM INVESTMENTS – 0.6%      
Short-term funds – 0.6%          
John Hancock Collateral Trust, 3.6026% (K)(L)   336,065     3,360,456
TOTAL SHORT-TERM INVESTMENTS (Cost $3,360,630)   $ 3,360,456
Total Investments (Active Bond Trust)
(Cost $568,044,126) – 98.6%
  $ 551,712,524
Other assets and liabilities, net – 1.4%       8,002,726
TOTAL NET ASSETS – 100.0%       $ 559,715,250
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
IBOR Interbank Offered Rate
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) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $148,714,997 or 26.6% of the fund's net assets as of 6-30-26.
(C) All or a portion of this security is on loan as of 6-30-26.
(D) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(F) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(G) 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.
(H) The security has matured but proceeds have not been received.
(I) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(J) Non-income producing security.
(K) The rate shown is the annualized seven-day yield as of 6-30-26.
(L) Investment is an affiliate of the portfolio, 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 $595,938.
 
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
10-Year U.S. Treasury Note Futures 26 Long Sep 2026 $2,834,236 $2,857,156 $22,920
            $22,920
The accompanying notes are an integral part of the financial statements. 19  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)
FUTURES (continued)
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
See Notes to financial statements regarding investment transactions and other derivatives information.
Core Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
57.2%
     
U.S. Government – 28.2%          
U.S. Treasury Bonds          
1.125%, 08/15/2040 $ 838,000   $ 524,863
1.375%, 08/15/2050   15,626,000     7,665,286
1.750%, 08/15/2041   9,052,000     6,066,962
2.000%, 11/15/2041   4,563,000     3,160,056
2.250%, 08/15/2049   7,538,000     4,688,577
2.750%, 08/15/2047   2,269,000     1,604,077
3.000%, 02/15/2048 to 02/15/2049   19,806,000     14,496,139
4.625%, 02/15/2046   1,000     960
4.750%, 02/15/2056   17,562,000     17,059,837
5.000%, 05/15/2046   14,999,000     15,111,493
U.S. Treasury Notes          
3.500%, 10/15/2028 to 02/15/2029   5,908,000     5,821,002
3.625%, 12/31/2030   5,442,000     5,313,815
3.750%, 12/31/2028   4,282,000     4,239,515
3.875%, 06/30/2030 to 08/31/2032   7,301,000     7,173,742
4.000%, 05/31/2028 to 01/31/2033   15,199,000     15,089,566
4.125%, 10/31/2027 to 06/30/2031   58,929,000     58,782,210
4.250%, 06/30/2033   3,417,000     3,403,652
4.375%, 05/15/2036   16,073,000     15,992,747
          186,194,499
U.S. Government Agency – 29.0%          
Federal Home Loan Mortgage Corp.          
2.000%, 10/01/2031   469,012     445,321
2.500%, 07/01/2033 to 04/01/2052   11,443,863     9,871,187
3.000%, 09/01/2030 to 01/01/2050   12,066,671     10,965,906
3.728%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.622%), 02/01/2050 (A)   353,585     355,350
4.000%, 03/01/2050   1,341,622     1,277,027
4.159%, (30 day Average SOFR + 2.305%), 05/01/2053 (A)   1,141,226     1,154,595
4.235%, (30 day Average SOFR + 2.340%), 07/01/2056 (A)   323,000     316,475
4.299%, (30 day Average SOFR + 2.183%), 06/01/2056 (A)   593,000     578,307
4.500%, 06/01/2039 to 11/01/2040   6,299,179     6,227,709
4.609%, (30 day Average SOFR + 2.138%), 05/01/2056 (A)   2,879,933     2,840,695
4.699%, (30 day Average SOFR + 2.335%), 10/01/2054 (A)   513,454     512,697
4.723%, (30 day Average SOFR + 2.191%), 03/01/2056 (A)   994,989     985,618
4.770%, (30 day Average SOFR + 2.095%), 06/01/2056 (A)   557,338     551,799
4.795%, (30 day Average SOFR + 2.146%), 01/01/2055 (A)   606,413     608,163
4.802%, (30 day Average SOFR + 2.098%), 07/01/2056 (A)   731,000     728,721
4.935%, (30 day Average SOFR + 2.257%), 02/01/2054 (A)   225,994     226,587
4.946%, (30 day Average SOFR + 2.139%), 02/01/2056 (A)   1,146,956     1,147,224
5.000%, 05/01/2056   2,704,457     2,661,213
5.168%, (30 day Average SOFR + 2.203%), 06/01/2055 (A)   543,004     546,690
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal Home Loan
Mortgage Corp. (continued)
         
5.226%, (30 day Average SOFR + 2.075%), 07/01/2055 (A) $ 263,145   $ 264,261
5.242%, (30 day Average SOFR + 2.075%), 07/01/2055 (A)   769,774     771,612
5.305%, (30 day Average SOFR + 2.330%), 08/01/2055 (A)   398,009     400,981
5.315%, (30 day Average SOFR + 2.105%), 08/01/2055 (A)   305,574     308,340
5.378%, (30 day Average SOFR + 2.090%), 05/01/2055 (A)   184,946     186,636
5.423%, (30 day Average SOFR + 2.330%), 08/01/2055 (A)   517,993     522,795
5.500%, 05/01/2055   2,854,053     2,872,321
5.559%, (30 day Average SOFR + 2.330%), 07/01/2055 (A)   524,823     531,100
6.000%, 09/01/2054 to 10/01/2054   4,836,863     5,039,119
6.500%, 10/01/2054 to 10/01/2055   789,853     833,721
Federal National Mortgage Association          
2.000%, 02/01/2031 to 04/01/2042   7,322,350     6,593,159
2.500%, 08/01/2041 to 05/01/2052   10,212,686     8,797,933
2.749%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.606%), 06/01/2050 (A)   282,252     270,803
3.000%, 10/01/2030 to 07/01/2060   28,025,869     25,239,660
4.000%, 01/01/2027 to 12/01/2048   1,286,354     1,235,966
4.086%, (30 day Average SOFR + 2.310%), 07/01/2056 (A)   329,000     321,852
4.090%, (30 day Average SOFR + 2.120%), 09/01/2052 (A)   538,913     548,301
4.130%, (30 day Average SOFR + 2.125%), 11/01/2052 (A)   475,805     482,843
4.131%, (30 day Average SOFR + 2.135%), 10/01/2052 (A)   1,347,624     1,368,330
4.278%, (30 day Average SOFR + 2.310%), 07/01/2056 (A)   327,000     321,733
4.325%, (30 day Average SOFR + 2.158%), 01/01/2055 (A)   573,924     584,691
4.364%, (30 day Average SOFR + 2.126%), 07/01/2052 (A)   696,581     693,395
4.500%, 11/01/2040 to 02/01/2046   3,405,979     3,365,205
4.567%, (30 day Average SOFR + 2.104%), 07/01/2056 (A)   767,000     757,159
4.582%, (30 day Average SOFR + 2.127%), 08/01/2052 (A)   769,507     768,989
4.624%, (30 day Average SOFR + 2.129%), 08/01/2052 (A)   428,554     428,571
4.671%, (30 day Average SOFR + 2.299%), 04/01/2053 (A)   2,394,612     2,394,910
4.800%, (30 day Average SOFR + 2.050%), 06/01/2056 (A)   408,000     407,685
4.832%, (30 day Average SOFR + 2.124%), 06/01/2056 (A)   1,194,000     1,194,366
4.847%, (30 day Average SOFR + 2.276%), 07/01/2054 (A)   1,175,929     1,179,852
4.867%, (30 day Average SOFR + 2.300%), 06/01/2056 (A)   551,000     551,500
 
The accompanying notes are an integral part of the financial statements. 20  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
4.965%, (30 day Average SOFR + 2.310%), 05/01/2055 (A) $ 548,967   $ 549,298
5.000%, TBA (B)   8,600,000     8,449,836
5.016%, (30 day Average SOFR + 2.300%), 04/01/2056 (A)   375,067     375,599
5.161%, (30 day Average SOFR + 2.318%), 02/01/2055 (A)   822,791     830,624
5.288%, (30 day Average SOFR + 2.339%), 08/01/2054 (A)   707,656     716,449
5.500%, TBA (B)   6,600,000     6,613,898
5.500%, 02/01/2054 to 07/01/2055   13,636,975     13,734,821
5.578%, (30 day Average SOFR + 2.060%), 08/01/2055 (A)   509,171     518,062
5.597%, (30 day Average SOFR + 2.097%), 12/01/2053 (A)   293,216     298,230
6.000%, 12/01/2053 to 11/01/2055   11,095,537     11,471,620
6.500%, 09/01/2054 to 11/01/2055   1,403,811     1,480,909
Government National
Mortgage Association
         
2.000%, 10/20/2050 to 02/20/2051   24,408,384     20,029,224
2.500%, 12/20/2037 to 07/20/2050   4,066,571     3,562,795
3.000%, 06/20/2043 to 10/20/2050   3,314,073     2,977,608
3.500%, 04/20/2048 to 05/20/2052   5,928,780     5,425,130
4.000%, 10/20/2052   2,375,963     2,237,865
6.000%, 01/20/2053   1,000,612     1,036,258
          191,547,299
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $380,142,313)   $ 377,741,798
FOREIGN GOVERNMENT OBLIGATIONS – 0.9%      
Australia – 0.1%          
Export Finance & Insurance Corp.
4.625%, 10/26/2027 (C)(D)
  845,000     849,434
Chile – 0.1%          
Republic of Chile
4.350%, 04/13/2031
  292,000     287,036
Israel – 0.1%          
State of Israel          
3.875%, 07/03/2050   299,000     216,531
4.500%, 01/13/2031   352,000     344,101
          560,632
Mexico – 0.3%          
Government of Mexico          
3.500%, 02/12/2034   504,000     429,156
4.400%, 02/12/2052   405,000     289,575
4.500%, 01/31/2050   280,000     206,640
4.600%, 01/23/2046   348,000     268,308
4.600%, 02/10/2048   373,000     282,175
4.750%, 03/08/2044   294,000     236,376
          1,712,230
Paraguay – 0.1%          
Republic of Paraguay
5.400%, 03/30/2050 (C)
  711,000     656,736
Philippines – 0.1%          
Republic of the Philippines
5.325%, 06/24/2036
  523,000     522,620
Poland – 0.1%          
Republic of Poland          
5.375%, 04/14/2036   564,000     568,926
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Poland (continued)          
Republic of Poland (continued)          
6.125%, 04/14/2056 $ 272,000   $ 276,607
          845,533
United Arab Emirates – 0.0%          
Abu Dhabi Government
3.125%, 09/30/2049 (C)
  334,000     225,420
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $5,628,713)   $ 5,659,641
CORPORATE BONDS – 27.7%      
Communication services – 2.3%          
Alphabet, Inc.          
4.400%, 02/15/2033   664,000     649,727
4.700%, 11/15/2035   642,000     628,986
5.250%, 05/15/2055   305,000     285,221
5.300%, 05/15/2065   305,000     279,715
AT&T, Inc.          
3.500%, 06/01/2041   203,000     156,188
3.500%, 09/15/2053   249,000     161,645
3.550%, 09/15/2055   383,000     246,631
3.650%, 09/15/2059   199,000     127,184
3.800%, 12/01/2057   277,000     184,864
4.400%, 04/30/2031   617,000     606,622
5.250%, 10/30/2036   728,000     714,897
5.550%, 11/01/2045   186,000     174,773
5.850%, 04/30/2046   412,000     396,975
6.000%, 04/30/2056   319,000     308,301
6.200%, 10/30/2056   420,000     415,165
6.300%, 10/30/2066   210,000     208,128
Beignet Investor LLC
6.581%, 05/30/2049 (C)
  694,000     707,986
Bell Canada
5.450%, 11/15/2036 (D)
  564,000     560,044
Charter Communications Operating LLC          
3.500%, 03/01/2042   220,000     151,958
3.900%, 06/01/2052   523,000     333,394
6.550%, 06/01/2034   357,000     364,445
6.700%, 12/01/2055   281,000     267,776
Comcast Corp.          
2.987%, 11/01/2063   238,000     123,816
4.049%, 11/01/2052   205,000     143,693
5.350%, 05/15/2053   112,000     96,572
6.050%, 05/15/2055   112,000     107,119
Meta Platforms, Inc.          
4.875%, 05/15/2033   858,000     850,247
4.875%, 11/15/2035   278,000     270,540
5.250%, 05/15/2036   953,000     946,273
5.500%, 11/15/2045   184,000     170,738
5.550%, 08/15/2064   77,000     67,288
6.200%, 05/15/2046   194,000     194,134
6.300%, 05/15/2056   648,000     645,031
6.450%, 05/15/2066   419,000     413,814
Orange SA          
4.000%, 01/13/2029 (C)   511,000     504,117
4.250%, 01/13/2031 (C)   552,000     537,950
4.750%, 01/13/2033 (C)   609,000     597,447
5.000%, 01/13/2036 (C)   472,000     461,087
Verizon Communications, Inc.          
2.987%, 10/30/2056   318,000     187,250
5.750%, 11/30/2045   249,000     242,033
6.000%, 11/30/2065   493,000     477,825
6.200%, (6.200% to 5-14-36, then 5 Year CMT + 2.042%), 05/14/2056   2,000     2,022
          14,969,621
 
The accompanying notes are an integral part of the financial statements. 21  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary – 1.4%          
Amazon.com, Inc.          
4.250%, 03/13/2031 $ 820,000   $ 807,417
4.350%, 03/20/2033   317,000     308,562
4.550%, 03/13/2033   475,000     467,262
4.650%, 11/20/2035   514,000     499,849
5.550%, 11/20/2065   240,000     224,249
5.650%, 03/13/2046   339,000     335,586
5.800%, 03/13/2056   208,000     206,673
5.950%, 03/13/2066   113,000     112,351
6.050%, 03/13/2076   247,000     246,253
Dick's Sporting Goods, Inc.
4.100%, 01/15/2052
  433,000     315,057
Ford Motor Credit Company LLC          
2.900%, 02/10/2029   1,068,000     1,004,907
5.869%, 10/31/2035   365,000     357,376
6.467%, 05/22/2036   365,000     370,811
General Motors Financial Company, Inc.
2.700%, 06/10/2031
  588,000     529,133
Hyundai Capital America          
4.500%, 09/18/2030 (C)   279,000     273,991
4.750%, 04/06/2029 (C)   499,000     497,556
5.000%, 04/07/2031 (C)   371,000     370,454
5.150%, 03/27/2030 (C)   317,000     319,422
Lowe's Companies, Inc.          
3.500%, 04/01/2051   256,000     177,931
4.250%, 03/15/2031   499,000     488,881
4.250%, 04/01/2052   473,000     370,403
4.850%, 10/15/2035 (D)   464,000     452,582
McDonald's Corp.
6.300%, 03/01/2038
  324,000     353,389
The Home Depot, Inc.
3.625%, 04/15/2052
  206,000     149,033
          9,239,128
Consumer staples – 1.3%          
Altria Group, Inc.
3.875%, 09/16/2046
  175,000     129,910
Anheuser-Busch Companies LLC
4.700%, 02/01/2036
  1,113,000     1,083,294
Anheuser-Busch InBev Worldwide, Inc.
5.450%, 01/23/2039
  216,000     219,661
BAT Capital Corp.          
4.540%, 08/15/2047   448,000     369,317
6.250%, 08/15/2055   318,000     325,480
7.081%, 08/02/2053   117,000     132,026
Bunge, Ltd. Finance Corp.
5.150%, 08/04/2035
  555,000     551,459
Imperial Brands Finance PLC          
4.875%, 02/07/2032 (C)   378,000     375,600
5.500%, 07/07/2036 (C)   378,000     375,651
5.625%, 07/01/2035 (C)   526,000     530,730
JBS NV          
3.000%, 05/15/2032   418,000     371,494
3.625%, 01/15/2032   562,000     520,455
5.750%, 04/01/2033   138,000     141,680
6.375%, 04/15/2066   111,000     108,947
6.400%, 05/10/2057 (C)   270,000     269,345
6.500%, 12/01/2052   292,000     296,442
7.250%, 11/15/2053 (D)   447,000     489,723
Philip Morris International, Inc.          
4.125%, 04/28/2028   937,000     931,980
4.375%, 04/30/2030   793,000     785,004
4.875%, 04/30/2035   841,000     828,708
          8,836,906
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy – 1.2%          
Baker Hughes Holdings LLC          
4.350%, 06/15/2031 $ 558,000   $ 546,736
4.650%, 06/15/2033   285,000     278,664
5.000%, 06/15/2036   475,000     464,597
5.850%, 06/15/2056   275,000     271,665
Enbridge, Inc.          
4.850%, 03/27/2031   598,000     597,539
5.450%, 03/27/2036   384,000     388,117
Energy Transfer LP          
5.250%, 07/01/2029   540,000     547,700
5.300%, 04/15/2047   216,000     193,866
5.950%, 05/15/2054   424,000     405,830
6.000%, 02/01/2029 (C)   392,000     395,094
6.050%, 09/01/2054   217,000     210,810
Equinor ASA          
4.750%, 11/14/2035   423,000     411,903
5.125%, 06/03/2035   51,000     51,518
Galaxy Pipeline Assets Bidco, Ltd.          
2.160%, 03/31/2034 (C)   352,371     313,173
2.625%, 03/31/2036 (C)   259,000     225,406
Green Palm Bidco Sarl
6.462%, 06/30/2046 (C)
  413,000     418,391
MPLX LP          
5.300%, 04/01/2036   380,000     374,567
6.100%, 04/01/2056   180,000     178,147
ONEOK, Inc.          
5.400%, 10/15/2035   111,000     110,810
5.700%, 11/01/2054   463,000     429,806
6.250%, 10/15/2055   277,000     277,966
Schlumberger Investment SA
5.150%, 05/07/2036
  572,000     569,447
TotalEnergies Capital USA LLC          
4.569%, 01/13/2033   186,000     182,364
4.857%, 01/13/2036   373,000     365,451
          8,209,567
Financials – 8.2%          
AEGON Funding Company LLC
5.625%, 05/07/2036
  381,000     379,094
Ameriprise Financial, Inc.
5.350%, 06/15/2036
  508,000     506,119
Apollo Global Management, Inc.
5.700%, 03/30/2036
  417,000     418,434
Arch Capital Group, Ltd.
5.250%, 06/15/2036
  338,000     337,372
Ares Management Corp.
5.600%, 10/11/2054
  322,000     291,685
Bank of America Corp.
4.477%, (4.477% to 4-23-29, then Overnight SOFR + 0.870%), 04/23/2030
  2,087,000     2,073,838
Bank of Montreal          
4.879%, (4.879% to 6-2-31, then Overnight SOFR + 0.959%), 06/02/2032   214,000     213,932
5.298%, (5.298% to 6-2-36, then Overnight SOFR + 1.208%), 06/02/2037   520,000     520,495
Barclays PLC
5.207%, (5.207% to 2-24-36, then Overnight SOFR + 1.506%), 02/24/2037
  588,000     572,631
BBVA Mexico SA
5.400%, 06/03/2031 (C)
  815,000     824,780
Brookfield Asset Management, Ltd.          
4.832%, 04/15/2031   581,000     575,542
 
The accompanying notes are an integral part of the financial statements. 22  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Brookfield Asset
Management, Ltd. (continued)
         
5.298%, 01/15/2036 $ 331,000   $ 322,699
Citizens Bank NA
4.192%, (4.192% to 1-29-28, then Overnight SOFR + 0.700%), 01/29/2029
  736,000     730,015
Danantara Investment Management PT
5.350%, 06/18/2031 (C)
  571,000     570,238
Fifth Third Bancorp
5.141%, (5.141% to 1-29-36, then Overnight SOFR + 1.240%), 01/29/2037
  376,000     369,090
Goldman Sachs Bank USA
4.656%, (4.656% to 6-3-28, then Overnight SOFR + 0.720%), 06/03/2029
  1,353,000     1,353,837
HSBC Holdings PLC          
4.711%, (4.711% to 5-12-29, then Overnight SOFR + 0.940%), 05/12/2030   624,000     621,347
5.208%, (5.208% to 5-12-33, then Overnight SOFR + 1.320%), 05/12/2034   830,000     827,042
Jackson Financial, Inc.
6.150%, 01/15/2037
  519,000     517,700
Lloyds Banking Group PLC          
4.241%, (4.241% to 2-10-29, then 1 Year CMT + 0.600%), 02/10/2030   766,000     756,238
5.668%, (5.668% to 2-10-46, then 1 Year CMT + 0.820%), 02/10/2047   621,000     611,754
LSEG US Fin Corp.          
4.250%, 03/23/2029 (C)   690,000     682,135
4.500%, 03/23/2031 (C)   690,000     679,955
5.250%, 03/23/2036 (C)   200,000     199,127
Mitsubishi UFJ Financial Group, Inc.          
4.505%, (4.505% to 1-14-31, then 1 Year CMT + 0.800%), 01/14/2032 (D)   699,000     687,118
4.847%, (4.847% to 4-21-31, then 1 Year CMT + 0.920%), 04/21/2032   497,000     494,650
5.057%, (5.057% to 1-14-36, then 1 Year CMT + 0.900%), 01/14/2037   364,000     357,271
5.868%, (5.868% to 4-21-46, then 1 Year CMT + 0.980%), 04/21/2047   293,000     295,850
Morgan Stanley          
4.133%, (4.133% to 10-18-28, then Overnight SOFR + 0.913%), 10/18/2029   718,000     708,199
4.238%, (4.238% to 1-9-29, then Overnight SOFR + 0.800%), 01/09/2030   223,000     220,087
4.493%, (4.493% to 1-16-31, then Overnight SOFR + 0.950%), 01/16/2032   1,059,000     1,038,415
4.555%, (4.555% to 4-10-29, then SOFR Compounded Index + 0.960%), 04/10/2030   1,110,000     1,102,960
4.708%, (4.708% to 3-12-31, then Overnight SOFR + 1.195%), 03/12/2032   1,339,000     1,322,453
4.809%, (4.809% to 4-16-31, then SOFR Compounded Index + 1.180%), 04/16/2032   1,201,000     1,191,664
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Morgan Stanley (continued)          
4.892%, (4.892% to 10-22-35, then Overnight SOFR + 1.314%), 10/22/2036 $ 329,000   $ 318,620
5.073%, (5.073% to 1-30-36, then Overnight SOFR + 1.184%), 01/30/2037   678,000     663,036
5.296%, (5.296% to 4-10-36, then SOFR Compounded Index + 1.410%), 04/10/2037   596,000     593,039
Morgan Stanley Bank NA
4.788%, (4.788% to 5-10-29, then SOFR Compounded Index + 0.974%), 05/10/2030
  463,000     463,457
Morgan Stanley Private Bank NA          
4.213%, (4.213% to 2-8-29, then Overnight SOFR + 0.762%), 02/08/2030   1,329,000     1,311,640
4.465%, (4.465% to 11-19-30, then Overnight SOFR + 1.020%), 11/19/2031   2,529,000     2,485,706
4.466%, (4.466% to 7-6-27, then Overnight SOFR + 0.770%), 07/06/2028   807,000     806,122
National Securities Clearing Corp.
4.700%, 06/09/2031 (C)
  409,000     408,947
Nippon Life Insurance Company          
4.748%, 04/02/2031 (C)   609,000     606,515
5.046%, 04/02/2033 (C)   380,000     380,977
PNC Bank NA
4.429%, (4.429% to 7-21-27, then Overnight SOFR + 0.727%), 07/21/2028
  816,000     814,632
Protective Life Corp.          
4.700%, 01/15/2031 (C)   539,000     531,331
5.350%, 12/15/2035 (C)   333,000     327,152
RLI Corp.
5.375%, 06/01/2036
  334,000     324,142
Sammons Financial Group, Inc.
5.950%, 06/15/2036 (C)(D)
  337,000     337,534
Santander Holdings USA, Inc.          
5.220%, (5.220% to 6-5-31, then Overnight SOFR + 1.276%), 06/05/2032   516,000     514,717
5.701%, (5.701% to 6-5-36, then Overnight SOFR + 1.596%), 06/05/2037   870,000     869,315
Standard Chartered PLC
5.706%, (5.706% to 3-5-46, then 1 Year CMT + 1.100%), 03/05/2047 (C)
  588,000     572,482
Sumitomo Mitsui Financial Group, Inc.          
5.138%, (5.138% to 7-7-33, then Overnight SOFR + 1.220%), 07/07/2034 (B)   460,000     458,113
5.296%, (5.296% to 7-7-36, then Overnight SOFR + 1.290%), 07/07/2037 (B)   458,000     451,932
The Bank of New York Mellon Corp.          
4.026%, (4.026% to 1-22-29, then Overnight SOFR + 0.634%), 01/22/2030   507,000     499,938
4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031   109,000     109,928
 
The accompanying notes are an integral part of the financial statements. 23  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
The Bank of Nova Scotia          
4.578%, (4.578% to 6-5-28, then Overnight SOFR + 0.660%), 06/05/2029 $ 902,000   $ 899,303
4.904%, (4.904% to 6-5-31, then Overnight SOFR + 0.970%), 06/05/2032   713,000     711,167
The Charles Schwab Corp.
4.914%, (4.914% to 11-14-35, then Overnight SOFR + 1.230%), 11/14/2036
  186,000     181,491
The Goldman Sachs Group, Inc.          
4.148%, (4.148% to 1-21-28, then Overnight SOFR + 0.710%), 01/21/2029   2,201,000     2,182,053
4.153%, (4.153% to 10-21-28, then Overnight SOFR + 0.900%), 10/21/2029   1,375,000     1,355,613
4.369%, (4.369% to 10-21-30, then Overnight SOFR + 1.060%), 10/21/2031   924,000     903,706
4.516%, (4.516% to 1-21-31, then Overnight SOFR + 0.960%), 01/21/2032   219,000     214,867
4.939%, (4.939% to 10-21-35, then Overnight SOFR + 1.330%), 10/21/2036   631,000     612,737
4.972%, (4.972% to 6-3-31, then Overnight SOFR + 1.030%), 06/03/2032   1,466,000     1,465,155
5.049%, (5.049% to 7-23-29, then Overnight SOFR + 1.210%), 07/23/2030   333,000     334,951
5.065%, (5.065% to 1-21-36, then Overnight SOFR + 1.190%), 01/21/2037   755,000     737,145
5.330%, (5.330% to 7-23-34, then Overnight SOFR + 1.550%), 07/23/2035   1,119,000     1,122,796
5.387%, (5.387% to 2-2-36, then 5 Year CMT + 1.180%), 02/02/2041   330,000     321,459
5.425%, (5.425% to 6-3-36, then Overnight SOFR + 1.310%), 06/03/2037   338,000     339,161
5.541%, (5.541% to 1-21-46, then Overnight SOFR + 1.320%), 01/21/2047   225,000     217,628
The PNC Financial Services Group, Inc.          
4.075%, (4.075% to 1-26-28, then Overnight SOFR + 0.610%), 01/26/2029   696,000     690,283
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032   494,000     491,824
5.373%, (5.373% to 7-21-35, then Overnight SOFR + 1.417%), 07/21/2036   278,000     280,565
5.423%, (5.423% to 1-25-36, then 5 Year CMT + 1.170%), 01/25/2041   207,000     203,365
Truist Financial Corp.          
4.597%, (4.597% to 1-27-31, then Overnight SOFR + 0.965%), 01/27/2032   738,000     727,803
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Truist Financial Corp. (continued)          
4.680%, (4.680% to 4-23-31, then Overnight SOFR + 1.087%), 04/23/2032 (D) $ 564,000   $ 556,703
5.281%, (5.281% to 4-23-36, then Overnight SOFR + 1.414%), 04/23/2037   564,000     558,542
U.S. Bancorp          
4.481%, (4.481% to 1-26-31, then Overnight SOFR + 0.867%), 01/26/2032   810,000     797,911
5.033%, (5.033% to 1-26-36, then Overnight SOFR + 1.101%), 01/26/2037   636,000     626,932
UBS Group AG          
4.588%, (4.588% to 8-10-31, then Overnight SOFR + 1.050%), 08/10/2032 (C)   597,000     585,743
5.528%, (5.528% to 5-6-46, then Overnight SOFR + 1.490%), 05/06/2047 (C)   594,000     574,232
Wells Fargo & Company          
4.960%, (4.960% to 1-23-36, then Overnight SOFR + 1.100%), 01/23/2037   336,000     328,030
5.433%, (5.433% to 1-23-46, then Overnight SOFR + 1.230%), 01/23/2047   225,000     216,105
          54,460,311
Health care – 2.0%          
AbbVie, Inc.          
3.200%, 11/21/2029   789,000     755,500
4.050%, 11/21/2039   224,000     197,389
4.250%, 11/21/2049   779,000     635,929
4.400%, 03/15/2033   758,000     741,676
4.450%, 05/14/2046   95,000     81,597
4.800%, 03/15/2027   535,000     536,809
5.050%, 03/15/2034   308,000     311,322
5.200%, 03/15/2035   258,000     262,208
Alcon Finance Corp.
5.375%, 12/06/2032 (C)
  576,000     586,490
Amgen, Inc.          
4.850%, 02/19/2036   473,000     463,388
5.500%, 02/19/2046   114,000     110,569
5.600%, 03/02/2043   309,000     307,139
5.650%, 02/19/2056   425,000     414,934
AstraZeneca Finance LLC
4.000%, 03/02/2031
  445,000     434,304
CVS Health Corp.
5.050%, 03/25/2048
  561,000     495,517
Eli Lilly & Company
4.650%, 05/20/2033
  270,000     268,517
Gilead Sciences, Inc.          
4.000%, 09/01/2036   162,000     148,390
4.600%, 05/20/2031   472,000     470,490
HCA, Inc.          
5.250%, 06/15/2049   275,000     247,081
5.900%, 06/01/2053   161,000     156,962
Pfizer Investment Enterprises Pte, Ltd.          
4.750%, 05/19/2033   304,000     301,079
5.300%, 05/19/2053   110,000     103,628
5.340%, 05/19/2063   111,000     102,117
Pfizer, Inc.          
4.200%, 11/15/2030   614,000     606,098
4.875%, 11/15/2035   845,000     835,340
 
The accompanying notes are an integral part of the financial statements. 24  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
Roche Holdings, Inc.          
4.075%, 12/02/2030 (C) $ 503,000   $ 493,124
4.374%, 12/02/2032 (C)   391,000     383,403
Royalty Pharma PLC          
2.200%, 09/02/2030   220,000     198,802
3.300%, 09/02/2040   110,000     85,315
3.550%, 09/02/2050   502,000     350,704
5.200%, 09/25/2035   220,000     217,973
UnitedHealth Group, Inc.          
3.050%, 05/15/2041   99,000     74,694
3.250%, 05/15/2051   90,000     60,602
5.500%, 07/15/2044   259,000     253,647
5.625%, 07/15/2054   202,000     197,529
VSP Optical Group, Inc.          
5.400%, 06/01/2033 (C)   566,000     567,428
5.650%, 06/01/2036 (C)   540,000     542,550
          13,000,244
Industrials – 3.6%          
Caterpillar Financial Services Corp.          
4.200%, 05/15/2028   1,125,000     1,121,452
4.375%, 08/16/2029 (D)   242,000     241,596
4.500%, 05/15/2031   415,000     413,037
Crowley Conro LLC
4.181%, 08/15/2043
  396,554     366,700
Delta Air Lines, Inc.          
4.750%, 10/20/2028 (C)   584,167     583,663
4.950%, 07/10/2028   861,000     864,166
5.250%, 07/10/2030   870,000     879,489
Eaton Capital ULC
4.450%, 05/09/2030
  349,000     347,087
Eaton Corp.          
3.850%, 03/06/2028   895,000     886,353
3.950%, 03/06/2029   694,000     684,048
4.200%, 03/06/2031 (D)   304,000     297,958
4.500%, 03/06/2033   293,000     286,821
4.800%, 03/06/2036   358,000     351,219
Embraer Netherlands Finance BV          
5.400%, 01/09/2038   327,000     315,765
5.980%, 02/11/2035 (D)   343,000     357,876
GE Vernova, Inc.
5.500%, 02/04/2056
  425,000     412,264
General Electric Company          
4.300%, 07/29/2030   648,000     642,156
4.900%, 01/29/2036   589,000     588,202
Honeywell Aerospace, Inc.          
3.900%, 03/16/2028 (C)   1,151,000     1,139,400
4.000%, 03/16/2029 (C)   690,000     680,575
4.300%, 03/16/2031 (C)   1,057,000     1,038,756
4.600%, 03/16/2033 (C)   980,000     961,865
4.950%, 03/16/2036 (C)   670,000     659,770
5.622%, 03/16/2046 (C)   235,000     234,001
5.732%, 03/16/2056 (C)   127,000     126,994
5.852%, 03/16/2066 (C)   48,000     48,364
Howmet Aerospace, Inc.          
4.750%, 04/15/2036   284,000     276,344
4.850%, 10/15/2031   287,000     287,979
John Deere Capital Corp.          
4.375%, 04/15/2031   312,000     308,788
4.500%, 01/08/2027   532,000     532,856
4.650%, 01/07/2028 (D)   375,000     377,078
4.850%, 06/11/2029   70,000     70,877
5.150%, 09/08/2026 (D)   394,000     394,809
Norfolk Southern Corp.
5.100%, 05/01/2035
  370,000     372,015
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
Northrop Grumman Corp.          
4.650%, 07/15/2030 (D) $ 307,000   $ 307,673
5.250%, 07/15/2035   285,000     289,637
Novartis Capital Corp.          
4.600%, 03/18/2033   632,000     626,185
4.600%, 11/05/2035   307,000     299,932
4.900%, 03/18/2036   1,198,000     1,190,589
5.600%, 03/18/2046   133,000     134,287
5.700%, 03/18/2056   106,000     108,015
RTX Corp.          
6.100%, 03/15/2034   676,000     725,317
6.400%, 03/15/2054   471,000     516,998
Siemens Funding BV          
4.600%, 05/28/2030 (C)   570,000     570,649
5.200%, 05/28/2035 (C)   488,000     496,665
5.800%, 05/28/2055 (C)   348,000     360,044
The Boeing Company          
5.805%, 05/01/2050   373,000     368,511
6.858%, 05/01/2054   223,000     250,623
Union Pacific Corp.
5.600%, 12/01/2054 (D)
  166,000     164,638
Veralto Corp.
4.850%, 01/15/2032
  451,000     450,274
          24,010,360
Information technology – 2.5%          
Apple, Inc.          
2.375%, 02/08/2041   154,000     108,915
2.650%, 05/11/2050   260,000     159,061
3.950%, 08/08/2052   405,000     312,939
Broadcom, Inc.          
4.550%, 02/15/2032   536,000     528,771
4.600%, 07/15/2030   698,000     695,631
4.800%, 10/15/2034   751,000     735,015
4.900%, 07/15/2032   436,000     437,426
5.150%, 11/15/2031   720,000     732,622
5.200%, 07/15/2035   230,000     230,773
5.700%, 01/15/2056   61,000     60,525
Foundry JV Holdco LLC          
5.500%, 01/25/2031 (C)   200,000     204,464
6.300%, 01/25/2039 (C)   200,000     212,442
Intel Corp.          
2.800%, 08/12/2041   182,000     127,610
3.250%, 11/15/2049   106,000     69,016
4.650%, 06/01/2031   411,000     407,008
5.000%, 08/15/2033   520,000     516,021
5.300%, 05/15/2036   477,000     474,614
5.625%, 02/10/2043   121,000     117,556
5.900%, 02/10/2063   159,000     152,118
6.125%, 05/15/2056   344,000     343,542
6.200%, 05/15/2066   267,000     266,078
NVIDIA Corp.          
4.250%, 06/15/2028   785,000     783,391
4.350%, 06/15/2029   691,000     688,918
4.500%, 06/15/2031   758,000     755,316
4.750%, 06/15/2033   670,000     668,083
4.950%, 06/15/2036   785,000     778,117
5.550%, 06/15/2046   383,000     380,155
5.625%, 06/15/2056   383,000     380,168
Oracle Corp.          
3.600%, 04/01/2050   621,000     377,638
4.000%, 07/15/2046   251,000     169,300
4.550%, 02/04/2029   299,000     294,758
4.800%, 09/26/2032   342,000     325,417
4.950%, 02/04/2031   496,000     485,600
5.200%, 09/26/2035   226,000     211,583
 
The accompanying notes are an integral part of the financial statements. 25  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
Oracle Corp. (continued)          
5.350%, 05/04/2033 $ 256,000   $ 248,672
5.375%, 09/27/2054   276,000     216,458
5.550%, 02/06/2053   228,000     183,657
5.875%, 09/26/2045   435,000     380,787
6.000%, 08/03/2055   164,000     139,630
6.700%, 02/04/2056   286,000     269,186
6.850%, 02/04/2066   94,000     87,494
Synopsys, Inc.          
4.650%, 04/01/2028   323,000     323,347
4.850%, 04/01/2030   462,000     462,773
5.000%, 04/01/2032   369,000     369,647
5.150%, 04/01/2035   325,000     323,143
5.700%, 04/01/2055   260,000     252,144
          16,447,529
Materials – 0.9%          
Anglo American Capital PLC          
4.625%, 03/19/2031 (C)   553,000     544,873
5.000%, 03/21/2033 (C)   553,000     548,645
5.250%, 03/19/2036 (C)   553,000     547,243
ArcelorMittal SA
5.375%, 05/19/2036
  787,000     780,165
Cemex SAB de CV
5.750%, 06/05/2036
  450,000     448,425
Eastman Chemical Company
4.500%, 02/20/2031
  556,000     545,412
Ecolab, Inc.          
5.150%, 06/15/2033   567,000     574,813
5.350%, 06/15/2036   519,000     527,881
Glencore Funding LLC          
4.900%, 07/01/2031 (C)   598,000     598,114
5.200%, 07/01/2033 (C)   555,000     555,374
5.508%, 04/01/2036 (C)   407,000     409,394
          6,080,339
Real estate – 1.0%          
Agree LP          
2.600%, 06/15/2033   90,000     76,812
4.800%, 10/01/2032   198,000     195,678
5.600%, 06/15/2035   323,000     330,501
American Homes 4 Rent LP          
3.625%, 04/15/2032   364,000     338,121
4.300%, 04/15/2052   163,000     128,804
4.950%, 06/15/2030   278,000     278,751
5.500%, 07/15/2034   51,000     51,614
Brixmor Operating Partnership LP          
2.500%, 08/16/2031   348,000     309,926
4.850%, 02/15/2033   153,000     150,516
5.375%, 06/15/2036   450,000     449,082
Essex Portfolio LP
2.550%, 06/15/2031
  188,000     168,841
FIBRA Prologis          
5.500%, 11/26/2035 (C)   414,000     401,787
5.625%, 01/14/2038 (C)   421,000     406,307
Kimco Realty OP LLC          
4.850%, 03/01/2035   290,000     284,024
5.300%, 02/01/2036   333,000     336,682
Realty Income Corp.
2.850%, 12/15/2032
  264,000     234,789
Regency Centers LP          
2.950%, 09/15/2029   499,000     474,086
4.500%, 03/15/2033   222,000     215,950
5.000%, 07/15/2032   315,000     316,875
5.250%, 01/15/2034   428,000     433,994
Store Capital LLC          
2.700%, 12/01/2031   127,000     111,864
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Real estate (continued)          
Store Capital LLC (continued)          
2.750%, 11/18/2030 $ 256,000   $ 231,271
4.950%, 02/11/2031   334,000     329,760
          6,256,035
Utilities – 3.3%          
AEP Transmission Company LLC
5.250%, 06/01/2036
  338,000     339,227
American Transmission Systems, Inc.
2.650%, 01/15/2032 (C)
  132,000     118,103
Appalachian Power Recovery Funding LLC
4.961%, 10/01/2035
  339,000     339,407
Arizona Public Service Company          
5.100%, 03/15/2036   615,000     605,005
5.900%, 08/15/2055   368,000     369,110
Baltimore Gas & Electric Company          
2.250%, 06/15/2031   282,000     251,442
5.450%, 06/01/2035   179,000     182,097
CenterPoint Energy Houston
Electric LLC
         
3.600%, 03/01/2052   209,000     151,514
4.850%, 04/01/2036   396,000     387,840
4.950%, 08/15/2035   444,000     439,123
Chile Electricity Lux MPC II Sarl          
5.580%, 10/20/2035 (C)   336,262     341,343
5.672%, 10/20/2035 (C)   512,620     523,164
Chpe LLC          
4.875%, 06/30/2031 (C)   395,000     394,231
5.350%, 06/30/2036 (C)   383,000     381,795
Commonwealth Edison Company
5.850%, 06/01/2056
  95,000     95,902
Consolidated Edison Company of New
York, Inc.
         
3.200%, 12/01/2051   63,000     41,430
3.700%, 11/15/2059   108,000     74,914
Consumers Energy Company          
4.500%, 01/15/2031   554,000     550,092
5.050%, 05/15/2035   409,000     409,697
5.125%, 05/01/2036   572,000     571,595
Dominion Energy, Inc.
5.350%, 06/15/2036
  226,000     226,262
DTE Electric Company          
2.950%, 03/01/2050   330,000     214,638
3.650%, 03/01/2052   151,000     110,008
Duke Energy Carolinas LLC          
2.550%, 04/15/2031   129,000     117,308
2.850%, 03/15/2032   351,000     318,100
3.550%, 03/15/2052   255,000     181,132
4.650%, 06/15/2031   206,000     205,927
5.150%, 06/15/2036   843,000     843,853
Duke Energy Corp.
3.500%, 06/15/2051
  175,000     119,333
Duke Energy Florida LLC
2.400%, 12/15/2031
  281,000     250,427
Duke Energy Progress LLC          
2.500%, 08/15/2050   285,000     165,471
3.700%, 10/15/2046   64,000     48,410
Entergy Arkansas LLC          
2.650%, 06/15/2051   254,000     150,069
5.150%, 01/15/2033   314,000     317,385
FirstEnergy Pennsylvania
Electric Company
         
3.250%, 03/15/2028 (C)   275,000     268,584
4.300%, 01/15/2029 (C)   332,000     329,090
4.550%, 03/15/2031 (C)   613,000     608,982
 
The accompanying notes are an integral part of the financial statements. 26  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
FirstEnergy Pennsylvania
Electric Company (continued)
         
5.200%, 04/01/2028 (C) $ 217,000   $ 219,129
Hydro One, Inc.
4.750%, 05/30/2031
  1,019,000     1,020,937
Jersey Central Power & Light Company          
2.750%, 03/01/2032 (C)   310,000     277,317
4.150%, 01/15/2029   299,000     295,333
4.400%, 01/15/2031   499,000     490,754
5.100%, 01/15/2035   251,000     250,808
MidAmerican Energy Company
2.700%, 08/01/2052
  245,000     150,022
Mississippi Power Company          
3.100%, 07/30/2051   338,000     220,546
4.250%, 03/15/2042   144,000     122,322
Northern States Power Company
5.650%, 06/15/2054
  185,000     182,500
Ohio Edison Company
4.950%, 12/15/2029 (C)
  278,000     280,018
Oncor Electric Delivery Company LLC          
4.500%, 03/15/2031 (C)   717,000     709,845
5.800%, 04/01/2055   303,000     303,549
5.900%, 03/15/2056 (C)   396,000     402,257
Pacific Gas & Electric Company          
3.500%, 08/01/2050   107,000     71,382
3.950%, 12/01/2047   618,000     452,760
4.200%, 06/01/2041   164,000     134,304
4.950%, 07/01/2050   1,121,000     935,925
5.050%, 10/15/2032   467,000     464,143
PECO Energy Company
2.850%, 09/15/2051
  341,000     211,863
Perusahaan Perseroan Persero PT
Perusahaan Listrik Negara
         
4.750%, 02/03/2031 (C)   699,000     681,302
5.450%, 02/03/2036 (C)   230,000     219,834
Public Service Company of Oklahoma
3.150%, 08/15/2051
  191,000     123,979
Public Service Electric & Gas Company          
1.900%, 08/15/2031   485,000     424,191
2.050%, 08/01/2050   78,000     41,612
2.700%, 05/01/2050   132,000     81,797
Southern California Edison Company
4.125%, 03/01/2048
  32,000     24,084
Trans-Allegheny Interstate Line Company
5.000%, 01/15/2031 (C)
  402,000     405,288
Virginia Electric & Power Company          
2.950%, 11/15/2051   282,000     176,585
4.950%, 03/15/2036   873,000     854,479
Wisconsin Electric Power Company
4.150%, 10/15/2030
  402,000     394,309
          21,665,184
TOTAL CORPORATE BONDS (Cost $186,353,102)     $ 183,175,224
MUNICIPAL BONDS – 0.1%          
Board of Regents of the University of Texas System
2.439%, 08/15/2049
  175,000     107,763
North Texas Tollway Authority
6.718%, 01/01/2049
  274,000     299,907
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
MUNICIPAL BONDS (continued)          
Ohio State University
4.800%, 06/01/2111
$ 33,000   $ 27,401
Port Authority of New York & New Jersey
4.458%, 10/01/2062
  521,000     441,962
TOTAL MUNICIPAL BONDS (Cost $1,184,294)   $ 877,033
COLLATERALIZED MORTGAGE OBLIGATIONS – 9.9%      
Commercial and residential – 1.9%          
Angel Oak Mortgage Trust LLC
Series 2021-6, Class A1
1.458%, 09/25/2066 (C)(E)
  349,095     292,587
BANK
Series 2022-BNK44, Class A5
5.934%, 11/15/2055 (E)
  302,000     312,927
BANK5          
Series 2026-5YR21, Class A3,
5.525%, 04/15/2059
  299,000     306,203
Series 2026-5YR22, Class A3,
5.713%, 06/15/2059 (E)
  964,000     994,191
BBCMS Mortgage Trust          
Series 2018-C2, Class ASB,
4.236%, 12/15/2051
  89,126     88,725
Series 2021-C12, Class A5,
2.689%, 11/15/2054
  201,000     178,156
Series 2022-C17, Class A5,
4.441%, 09/15/2055
  256,000     247,900
Series 2025-5C33, Class A4,
5.839%, 03/15/2058
  502,000     516,687
Series 2025-5C37, Class A3,
5.015%, 09/15/2058
  126,000     126,598
Series 2026-5C42, Class A3,
5.598%, 06/15/2059
  426,000     438,055
Benchmark Mortgage Trust          
Series 2021-B25, Class A4,
2.268%, 04/15/2054
  250,000     227,352
Series 2026-V21, Class A3,
5.127%, 03/15/2059
  520,000     523,957
Series 2026-V22, Class A3,
5.468%, 05/15/2059
  641,000     654,897
Bunker Hill Loan Depositary Trust
Series 2019-2, Class A1
2.879%, 07/25/2049 (C)
  75,782     74,434
BX Trust          
Series 2025-VLT7, Class A (1 month CME Term SOFR + 1.700%),
5.325%, 07/15/2044 (A)(C)
  479,000     479,000
Series 2025-VOLT, Class A (1 month CME Term SOFR + 1.700%),
5.325%, 12/15/2044 (A)(C)
  885,000     885,830
COLT Mortgage Loan Trust          
Series 2021-2, Class A1,
0.924%, 08/25/2066 (C)(E)
  435,271     371,581
Series 2021-4, Class A1,
1.397%, 10/25/2066 (C)(E)
  483,197     410,236
CSAIL Commercial Mortgage Trust
Series 2019-C16, Class ASB
3.142%, 06/15/2052
  220,419     216,442
GS Mortgage Securities Trust
Series 2020-GSA2, Class A4
1.721%, 12/12/2053
  995,000     888,879
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2016-JP4, Class A3
3.393%, 12/15/2049
  92,180     91,876
 
The accompanying notes are an integral part of the financial statements. 27  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
MFA Trust
Series 2021-NQM2, Class A1
1.029%, 11/25/2064 (C)(E)
$ 167,121   $ 147,879
Morgan Stanley Capital I Trust
Series 2020-HR8, Class A3
1.790%, 07/15/2053
  372,479     336,024
Starwood Mortgage Residential Trust          
Series 2020-INV1, Class A1,
1.027%, 11/25/2055 (C)(E)
  46,317     44,987
Series 2021-4, Class A1,
1.162%, 08/25/2056 (C)(E)
  379,171     337,171
SWCH Commercial Mortgage Trust
Series 2025-DATA, Class A (1 month CME Term SOFR + 1.443%)
5.068%, 02/15/2042 (A)(C)
  749,000     744,319
Verus Securitization Trust          
Series 2021-1, Class A1,
0.815%, 01/25/2066 (C)(E)
  170,530     154,817
Series 2021-2, Class A1,
1.031%, 02/25/2066 (C)(E)
  311,484     281,669
Series 2021-3, Class A1,
1.046%, 06/25/2066 (C)(E)
  276,309     243,064
Series 2021-4, Class A1,
0.938%, 07/25/2066 (C)(E)
  382,652     323,573
Series 2021-8, Class A1,
2.824%, 11/25/2066 (C)(E)
  412,470     375,853
Series 2021-R1, Class A1,
0.820%, 10/25/2063 (C)(E)
  50,167     48,803
Series 2021-R3, Class A1,
1.020%, 04/25/2064 (C)(E)
  98,437     94,868
Wells Fargo Commercial Mortgage Trust
Series 2026-5C10, Class A3
5.789%, 06/15/2059
  788,000     812,373
          12,271,913
U.S. Government Agency – 8.0%          
Federal Home Loan Mortgage Corp.          
Series 264, Class 30,
3.000%, 07/15/2042
  687,376     624,585
Series 326, Class F2 (30 day Average SOFR + 0.664%),
4.257%, 03/15/2044 (A)
  254,663     253,614
Series 3693, Class FC (30 day Average SOFR + 0.614%),
4.207%, 07/15/2040 (A)
  162,104     161,340
Series 3919, Class FA (30 day Average SOFR + 0.614%),
4.207%, 09/15/2041 (A)
  159,619     158,734
Series 3958, Class AF (30 day Average SOFR + 0.564%),
4.157%, 11/15/2041 (A)
  143,738     142,700
Series 3975, Class FA (30 day Average SOFR + 0.604%),
4.197%, 12/15/2041 (A)
  131,911     131,316
Series 3990, Class FG (30 day Average SOFR + 0.564%),
4.157%, 01/15/2042 (A)
  163,215     162,201
Series 4059, Class FP (30 day Average SOFR + 0.564%),
4.157%, 06/15/2042 (A)
  197,486     195,954
Series 4091, Class BX,
3.250%, 10/15/2041
  336,379     314,446
Series 4091, Class EX,
3.375%, 07/15/2042
  204,805     190,904
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal Home Loan
Mortgage Corp. (continued)
         
Series 4091, Class FN (30 day Average SOFR + 0.514%),
4.107%, 08/15/2042 (A)
$ 194,661   $ 192,570
Series 4091, Class MX,
3.250%, 02/15/2042
  251,897     233,766
Series 4117, Class HB,
2.500%, 10/15/2042
  227,508     202,826
Series 4160, Class HP,
2.500%, 01/15/2033
  172,081     164,067
Series 4184, Class FN (30 day Average SOFR + 0.464%),
4.057%, 03/15/2043 (A)
  115,449     113,949
Series 4240, Class FA (30 day Average SOFR + 0.614%),
4.207%, 08/15/2043 (A)
  611,148     606,424
Series 4281, Class FA (30 day Average SOFR + 0.514%),
4.107%, 12/15/2043 (A)
  88,212     87,568
Series 4290, Class LF (30 day Average SOFR + 0.514%),
4.107%, 07/15/2035 (A)
  186,791     185,660
Series 4303, Class FA (30 day Average SOFR + 0.464%),
4.057%, 02/15/2044 (A)
  163,073     160,970
Series 4427, Class CE,
3.000%, 02/15/2034
  25,969     25,794
Series 4446, Class CP,
2.250%, 03/15/2045
  282,070     251,246
Series 4587, Class AF (30 day Average SOFR + 0.464%),
4.057%, 06/15/2046 (A)
  254,785     253,325
Series 4604, Class FB (30 day Average SOFR + 0.514%),
4.107%, 08/15/2046 (A)
  532,237     528,047
Series 4611, Class BF (30 day Average SOFR + 0.514%),
4.107%, 06/15/2041 (A)
  2,027,860     2,009,814
Series 4620, Class LF (30 day Average SOFR + 0.514%),
4.107%, 10/15/2046 (A)
  283,363     281,300
Series 4709, Class FA (30 day Average SOFR + 0.414%),
4.007%, 08/15/2047 (A)
  212,159     209,484
Series 4719, Class LA,
3.500%, 09/15/2047
  302,056     279,880
Series 4719, Class LM,
3.000%, 09/15/2047
  232,480     208,741
Series 4826, Class KF (30 day Average SOFR + 0.414%),
4.007%, 09/15/2048 (A)
  208,067     203,888
Series 4854, Class FB (30 day Average SOFR + 0.414%),
4.007%, 01/15/2049 (A)
  531,104     525,752
Series 4857, Class JA,
3.350%, 01/15/2049
  833,243     794,838
Series 4880, Class DA,
3.000%, 05/15/2050
  487,924     447,015
Series 4903, Class NF (30 day Average SOFR + 0.514%),
4.142%, 08/25/2049 (A)
  179,883     177,294
Series 4927, Class BG,
3.000%, 11/25/2049
  401,449     367,330
 
The accompanying notes are an integral part of the financial statements. 28  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal Home Loan
Mortgage Corp. (continued)
         
Series 4937, Class MD,
2.500%, 10/25/2049
$ 398,597   $ 350,676
Series 4940, Class AG,
3.000%, 05/15/2040
  241,920     228,299
Series 4944, Class AC,
2.400%, 05/15/2044
  693,816     616,436
Series 4951, Class EA,
2.500%, 09/15/2044
  256,628     226,766
Series 4954, Class LB,
2.500%, 02/25/2050
  241,384     210,418
Series 4957, Class MY,
3.000%, 02/25/2050
  317,000     265,589
Series 4988, Class KF (30 day Average SOFR + 0.464%),
4.092%, 07/25/2050 (A)
  299,868     296,840
Series 5020, Class ET,
3.500%, 10/25/2050
  370,845     339,154
Series 5091, Class AB,
1.500%, 03/25/2051
  704,075     569,994
Series 5092, Class HE,
2.000%, 02/25/2051
  436,773     365,724
Series 5118, Class CA,
1.500%, 10/15/2033
  388,068     358,348
Series 5202, Class TA,
2.500%, 12/25/2048
  708,311     643,657
Series 5217, Class CD,
2.500%, 07/25/2049
  385,796     357,842
Series 5228, Class TN,
3.500%, 07/25/2039
  269,395     257,233
Series 5335, Class FB (30 day Average SOFR + 0.814%),
4.407%, 10/15/2039 (A)
  694,175     698,105
Series 5396, Class HF (30 day Average SOFR + 0.950%),
4.578%, 04/25/2054 (A)
  914,848     919,547
Series 5410, Class JY,
3.000%, 03/15/2044
  484,000     415,998
Series 5451, Class FD (30 day Average SOFR + 0.514%),
4.107%, 01/15/2044 (A)
  323,628     319,964
Series 5452, Class KY,
3.000%, 03/15/2044
  519,000     450,529
Series 5529, Class HA,
3.000%, 03/15/2043
  254,682     240,183
Federal National Mortgage Association          
Series 2010-107, Class FB (30 day Average SOFR + 0.524%),
4.152%, 09/25/2040 (A)
  146,513     145,461
Series 2011-111, Class DB,
4.000%, 11/25/2041
  345,544     331,738
Series 2011-117, Class AF (30 day Average SOFR + 0.564%),
4.192%, 11/25/2041 (A)
  131,060     130,084
Series 2011-117, Class FA (30 day Average SOFR + 0.564%),
4.192%, 11/25/2041 (A)
  308,271     306,092
Series 2011-127, Class FC (30 day Average SOFR + 0.564%),
4.192%, 12/25/2041 (A)
  141,824     140,737
Series 2011-142, Class EF (30 day Average SOFR + 0.614%),
4.242%, 01/25/2042 (A)
  161,580     160,782
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
Series 2011-55, Class FH (30 day Average SOFR + 0.554%),
4.182%, 06/25/2041 (A)
$ 110,919   $ 110,351
Series 2012-12, Class FA (30 day Average SOFR + 0.614%),
4.242%, 02/25/2042 (A)
  140,481     139,738
Series 2012-47, Class JF (30 day Average SOFR + 0.614%),
4.242%, 05/25/2042 (A)
  190,998     189,959
Series 2013-11, Class AP,
1.500%, 01/25/2043
  563,856     515,139
Series 2014-25, Class EL,
3.000%, 05/25/2044
  321,084     291,508
Series 2014-74, Class FC (30 day Average SOFR + 0.514%),
4.142%, 11/25/2044 (A)
  161,203     159,247
Series 2015-32, Class FA (30 day Average SOFR + 0.414%),
4.042%, 05/25/2045 (A)
  298,769     292,674
Series 2015-48, Class FB (30 day Average SOFR + 0.414%),
4.042%, 07/25/2045 (A)
  351,418     344,460
Series 2015-72, Class GL,
3.000%, 10/25/2045
  249,000     217,916
Series 2015-8, Class AP,
2.000%, 03/25/2045
  537,473     479,683
Series 2015-84, Class PA,
1.700%, 08/25/2033
  324,564     305,049
Series 2016-11, Class CF (30 day Average SOFR + 0.464%),
4.092%, 03/25/2046 (A)
  145,296     143,981
Series 2016-19, Class FD (30 day Average SOFR + 0.514%),
4.142%, 04/25/2046 (A)
  874,485     869,447
Series 2016-22, Class FA (30 day Average SOFR + 0.514%),
4.142%, 04/25/2046 (A)
  389,333     386,195
Series 2016-22, Class FG (30 day Average SOFR + 0.514%),
4.142%, 04/25/2046 (A)
  340,973     338,177
Series 2016-48, Class MA,
2.000%, 06/25/2038
  755,143     703,454
Series 2016-64, Class BC,
1.750%, 09/25/2046
  335,213     312,219
Series 2016-64, Class PE,
2.500%, 09/25/2046
  281,000     216,690
Series 2016-69, Class BF (30 day Average SOFR + 0.514%),
4.142%, 10/25/2046 (A)
  306,946     304,685
Series 2016-75, Class FE (30 day Average SOFR + 0.514%),
4.142%, 10/25/2046 (A)
  226,558     225,114
Series 2016-78, Class FA (30 day Average SOFR + 0.514%),
4.142%, 03/25/2044 (A)
  142,494     141,219
Series 2016-79, Class FH (30 day Average SOFR + 0.514%),
4.142%, 11/25/2046 (A)
  232,792     231,180
Series 2016-82, Class FE (30 day Average SOFR + 0.514%),
4.142%, 11/25/2046 (A)
  508,402     505,217
 
The accompanying notes are an integral part of the financial statements. 29  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
Series 2016-82, Class FH (30 day Average SOFR + 0.514%),
4.142%, 11/25/2046 (A)
$ 478,328   $ 474,676
Series 2016-84, Class FB (30 day Average SOFR + 0.514%),
4.142%, 11/25/2046 (A)
  230,834     229,004
Series 2016-86, Class FE (30 day Average SOFR + 0.514%),
4.142%, 11/25/2046 (A)
  590,503     585,700
Series 2016-91, Class AF (30 day Average SOFR + 0.514%),
4.142%, 12/25/2046 (A)
  202,435     201,374
Series 2017-11, Class FA (30 day Average SOFR + 0.514%),
4.142%, 03/25/2047 (A)
  89,376     88,800
Series 2017-113, Class FB (30 day Average SOFR + 0.364%),
3.992%, 01/25/2048 (A)
  91,087     89,994
Series 2017-12, Class FD (30 day Average SOFR + 0.514%),
4.142%, 03/25/2047 (A)
  229,998     228,482
Series 2017-23, Class FA (30 day Average SOFR + 0.514%),
4.142%, 04/25/2047 (A)
  264,669     262,770
Series 2017-26, Class FA (30 day Average SOFR + 0.464%),
4.092%, 04/25/2047 (A)
  569,056     564,967
Series 2017-35, Class MC,
2.625%, 12/25/2044
  164,959     160,090
Series 2017-82, Class FE (30 day Average SOFR + 0.364%),
3.992%, 10/25/2047 (A)
  195,173     193,821
Series 2017-9, Class BF (30 day Average SOFR + 0.514%),
4.142%, 03/25/2047 (A)
  283,346     281,334
Series 2017-9, Class DF (30 day Average SOFR + 0.514%),
4.142%, 03/25/2047 (A)
  202,322     200,883
Series 2017-9, Class EF (30 day Average SOFR + 0.514%),
4.142%, 03/25/2047 (A)
  106,855     106,123
Series 2017-96, Class FB (30 day Average SOFR + 0.414%),
4.042%, 12/25/2047 (A)
  369,196     364,741
Series 2018-1, Class FA (30 day Average SOFR + 0.364%),
3.992%, 02/25/2048 (A)
  116,914     115,657
Series 2018-14, Class KC,
3.000%, 03/25/2048
  544,175     515,131
Series 2018-36, Class FD (30 day Average SOFR + 0.364%),
3.992%, 06/25/2048 (A)
  466,641     462,264
Series 2018-38, Class MA,
3.300%, 06/25/2048
  437,590     415,141
Series 2018-45, Class TM,
3.000%, 06/25/2048
  360,556     322,269
Series 2018-55, Class GA,
3.375%, 08/25/2048
  334,388     318,105
Series 2018-64, Class A,
3.000%, 09/25/2048
  337,063     298,949
Series 2018-85, Class EA,
3.500%, 12/25/2048
  243,135     233,641
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
Series 2019-25, Class PA,
3.000%, 05/25/2048
$ 547,527   $ 506,806
Series 2019-43, Class FC (30 day Average SOFR + 0.514%),
4.142%, 08/25/2049 (A)
  348,925     343,842
Series 2020-34, Class AG,
2.000%, 06/25/2035
  614,365     581,405
Series 2020-48, Class AB,
2.000%, 07/25/2050
  300,745     249,368
Series 2020-59, Class NC,
3.000%, 08/25/2040
  394,393     365,381
Series 2021-40, Class DW,
2.000%, 06/25/2041
  88,742     78,437
Series 2021-78, Class ND,
1.500%, 11/25/2051
  712,175     576,726
Series 2022-6, Class CB,
2.125%, 02/25/2052
  207,000     123,266
Series 2022-62, Class KA,
3.250%, 09/25/2052
  266,414     247,662
Series 2023-37, Class FH (30 day Average SOFR + 0.514%),
4.142%, 01/25/2050 (A)
  732,558     722,936
Series 2023-38, Class FC (30 day Average SOFR + 0.664%),
4.292%, 06/25/2040 (A)
  534,953     534,350
Series 2023-38, Class FD (30 day Average SOFR + 0.864%),
4.477%, 10/25/2039 (A)
  164,236     163,791
Series 2025-67, Class BY,
2.500%, 01/25/2057
  303,000     208,216
Series 2025-95, Class FC (30 day Average SOFR + 0.700%),
4.328%, 09/25/2052 (A)
  1,144,865     1,145,277
Government National
Mortgage Association
         
Series 2010-163, Class NC,
4.000%, 12/20/2040
  329,393     323,408
Series 2013-152, Class HA,
2.500%, 06/20/2043
  383,566     352,933
Series 2014-133, Class BP,
2.250%, 09/20/2044
  301,201     268,884
Series 2014-181, Class L,
3.000%, 12/20/2044
  276,882     248,969
Series 2015-144, Class CA,
2.500%, 10/20/2045
  424,529     371,745
Series 2016-93, Class AB,
1.750%, 07/20/2044
  582,480     489,308
Series 2017-139, Class GA,
3.000%, 09/20/2047
  997,224     895,586
Series 2019-158, Class PG,
2.250%, 12/20/2049
  284,464     239,162
Series 2019-158, Class PK,
1.750%, 12/20/2049
  355,505     289,562
Series 2019-158, Class PL,
1.500%, 12/20/2049
  661,433     529,861
Series 2019-78, Class PT,
2.500%, 08/20/2044
  267,907     238,790
Series 2019-96, Class DE,
2.350%, 08/20/2049
  208,418     177,308
Series 2020-112, Class AB,
1.500%, 08/20/2050
  557,524     445,400
 
The accompanying notes are an integral part of the financial statements. 30  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
Series 2020-17, Class AP,
2.250%, 01/20/2050
$ 260,129   $ 223,658
Series 2020-17, Class PD,
2.250%, 01/20/2050
  274,843     233,106
Series 2020-21, Class GV,
2.250%, 10/20/2049
  242,399     210,058
Series 2020-31, Class E,
2.000%, 09/20/2049
  628,637     539,263
Series 2020-63, Class UD,
1.750%, 04/20/2050
  270,325     220,531
Series 2020-95, Class A,
1.625%, 07/20/2050
  966,145     780,662
Series 2021-27, Class CW,
5.000%, 02/20/2051 (E)
  511,232     500,892
Series 2021-27, Class Q,
5.000%, 02/20/2051
  362,677     355,192
Series 2022-153, Class KA,
4.000%, 12/20/2049
  376,756     366,052
Series 2022-197, Class LF (30 day Average SOFR + 0.700%),
4.309%, 11/20/2052 (A)
  1,552,117     1,546,510
Series 2022-34, Class DN,
3.500%, 09/20/2041
  771,845     730,890
Series 2022-46, Class LY,
3.000%, 03/20/2052
  202,000     167,505
Series 2022-66, Class Y,
3.500%, 04/20/2052
  247,000     204,588
Series 2022-78, Class HW,
2.500%, 04/20/2052
  349,000     278,233
Series 2024-110, Class JL,
3.000%, 10/20/2049
  540,000     464,795
Series 2024-45, Class BD,
2.000%, 03/20/2054
  311,267     285,890
Series 2025-7, Class EL,
2.500%, 01/20/2055
  233,000     165,830
Series 2025-89, Class GT,
3.000%, 05/20/2055
  484,230     432,062
          52,754,852
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $66,096,519)   $ 65,026,765
ASSET-BACKED SECURITIES – 5.7%      
Ally Auto Receivables Trust
Series 2022-3, Class A4
5.070%, 10/16/2028
  148,138     148,196
AmeriCredit Automobile
Receivables Trust
         
Series 2023-2, Class A3
5.810%, 05/18/2028
  171,800     172,329
Series 2026-1, Class A3
4.150%, 11/18/2032 (C)
  846,000     841,028
AutoNation Finance Trust
Series 2025-1A, Class A3
4.620%, 11/13/2029 (C)
  518,000     519,121
Avis Budget Rental Car Funding LLC
Series 2026-4A, Class A
5.090%, 12/20/2032 (C)
  487,000     487,419
Barings Equipment Finance LLC
Series 2026-A, Class A3
4.080%, 07/13/2033 (C)
  328,000     324,090
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
CarMax Auto Owner Trust          
Series 2025-3, Class A3
4.350%, 07/15/2030
$ 588,000   $ 588,057
Series 2025-3, Class A4
4.470%, 01/15/2031
  494,000     493,817
Chase Auto Owner Trust
Series 2022-AA, Class A4
3.990%, 03/27/2028 (C)
  178,340     178,259
College Ave Student Loans LLC          
Series 2017-A, Class A1 (1 month CME Term SOFR + 1.764%)
5.413%, 11/26/2046 (A)(C)
  146,009     147,488
Series 2018-A, Class A2
4.130%, 12/26/2047 (C)
  111,802     109,043
Series 2019-A, Class A2
3.280%, 12/28/2048 (C)
  212,125     202,581
Ford Credit Auto Owner Trust          
Series 2025-2, Class A (4.370% to 8-15-30, then 8.750% thereafter)
4.370%, 02/15/2038 (C)
  219,000     217,003
Series 2026-1, Class A (4.320% to 2-15-31, then 8.630% thereafter)
4.320%, 08/15/2038 (C)
  1,709,000     1,689,521
Ford Credit Floorplan Master Owner Trust
Series 2026-1, Class A
4.420%, 05/15/2031
  1,083,000     1,080,287
GM Financial Automobile Leasing Trust
Series 2026-2, Class A3
4.300%, 03/20/2029
  287,000     286,586
GM Financial Consumer Automobile Receivables Trust
Series 2025-4, Class A3
3.840%, 02/18/2031
  418,000     413,816
GM Financial Revolving Receivables Trust
Series 2025-1, Class A
4.640%, 12/11/2037 (C)
  347,000     347,861
GMF Floorplan Owner Revolving Trust          
Series 2026-1A, Class A1
4.570%, 05/15/2031 (C)
  608,000     608,093
Series 2026-2A, Class A
4.770%, 05/16/2033 (C)
  1,325,000     1,333,291
Hyundai Auto Lease Securitization Trust
Series 2026-B, Class A3
4.210%, 04/16/2029 (C)
  433,000     431,316
Hyundai Auto Receivables Trust          
Series 2023-A, Class A4
4.480%, 07/17/2028
  331,864     332,079
Series 2023-B, Class A3
5.480%, 04/17/2028
  82,881     83,164
Series 2026-B, Class A4
4.600%, 02/17/2032
  732,000     733,713
Mercedes-Benz Auto Receivables Trust          
Series 2025-1, Class A3
4.780%, 12/17/2029
  594,000     596,603
Series 2026-1, Class A4
4.470%, 10/15/2032
  804,000     803,550
Navient Private Education Refi
Loan Trust
         
Series 2018-DA, Class A2A
4.000%, 12/15/2059 (C)
  155,910     154,929
Series 2019-CA, Class A2
3.130%, 02/15/2068 (C)
  60,768     60,286
Series 2019-D, Class A2A
3.010%, 12/15/2059 (C)
  458,694     447,401
 
The accompanying notes are an integral part of the financial statements. 31  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Navient Private Education Refi
Loan Trust (continued)
         
Series 2019-FA, Class A2
2.600%, 08/15/2068 (C)
$ 231,479   $ 223,446
Series 2020-EA, Class A
1.690%, 05/15/2069 (C)
  44,828     41,847
Series 2020-GA, Class A
1.170%, 09/16/2069 (C)
  171,305     160,475
Series 2021-BA, Class A
0.940%, 07/15/2069 (C)
  120,160     109,152
Series 2021-CA, Class A
1.060%, 10/15/2069 (C)
  430,218     390,087
Series 2021-EA, Class A
0.970%, 12/16/2069 (C)
  745,848     664,733
Series 2021-GA, Class A
1.580%, 04/15/2070 (C)
  122,233     109,621
Series 2022-A, Class A
2.230%, 07/15/2070 (C)
  1,242,422     1,134,978
Navient Refinance Loan Trust          
Series 2025-C, Class A
4.800%, 10/15/2055 (C)
  557,277     554,418
Series 2026-A, Class A
4.500%, 01/18/2056 (C)
  1,378,890     1,359,265
Series 2026-B, Class A
5.070%, 06/15/2056 (C)
  1,202,000     1,201,703
Navient Student Loan Trust
Series 2021-3A, Class A1A
1.770%, 08/25/2070 (C)
  551,980     476,767
Nelnet Student Loan Trust
Series 2005-1, Class A5 (90 day Average SOFR + 0.372%)
4.040%, 10/25/2033 (A)
  728,535     724,050
Nissan Auto Lease Trust
Series 2026-A, Class A3
3.870%, 03/15/2029
  353,000     349,994
Santander Drive Auto Receivables Trust          
Series 2024-3, Class A3
5.630%, 01/16/2029
  66,247     66,311
Series 2025-2, Class A3
4.670%, 08/15/2029
  661,000     661,925
Series 2025-3, Class A3
4.380%, 01/15/2030
  799,000     799,395
SBNA Auto Receivables Trust          
Series 2024-A, Class A3
5.320%, 12/15/2028 (C)
  39,916     39,953
Series 2024-A, Class A4
5.210%, 04/16/2029 (C)
  175,000     175,500
SFS Auto Receivables
Securitization Trust
         
Series 2024-1A, Class A3
4.950%, 05/21/2029 (C)
  409,516     410,671
Series 2024-1A, Class A4
4.940%, 01/21/2031 (C)
  153,000     153,952
Series 2024-2A, Class A3
5.330%, 11/20/2029 (C)
  358,765     360,952
Series 2025-2A, Class A4
4.580%, 05/20/2031 (C)
  484,000     484,208
Series 2026-1A, Class A3
3.960%, 07/21/2031 (C)
  847,000     836,103
Series 2026-2A, Class A4
4.690%, 05/20/2033 (C)
  320,000     321,462
SMB Private Education Loan Trust
Series 2021-A, Class APT1
1.070%, 01/15/2053 (C)
  668,110     612,916
SoFi Professional Loan Program LLC
Series 2021-B, Class AFX
1.140%, 02/15/2047 (C)
  385,911     336,733
Core Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Synchrony Card Funding LLC
Series 2026-A1, Class A
4.180%, 03/15/2032
$ 441,000   $ 437,305
Toyota Auto Loan Extended Note Trust          
Series 2024-1A, Class A
5.160%, 11/25/2036 (C)
  1,632,000     1,659,857
Series 2026-1A, Class A
4.580%, 04/25/2039 (C)
  1,657,000     1,655,176
Toyota Lease Owner Trust
Series 2026-A, Class A3
3.820%, 02/20/2029 (C)
  420,000     416,474
USB Auto Owner Trust          
Series 2025-1A, Class A3
4.490%, 06/17/2030 (C)
  590,000     590,687
Series 2025-1A, Class A4
4.620%, 12/16/2030 (C)
  176,000     176,252
Verizon Master Trust          
Series 2024-7, Class A
4.350%, 08/20/2032 (C)
  399,000     396,796
Series 2025-2, Class A
4.940%, 01/20/2033 (C)
  1,557,000     1,576,158
Series 2025-4, Class A
4.760%, 03/21/2033 (C)
  988,000     995,971
Series 2026-2, Class A1A
4.510%, 06/21/2032
  1,706,000     1,707,688
World Omni Auto Receivables Trust
Series 2026-B, Class A3
4.370%, 06/16/2031
  1,147,000     1,144,736
Yamaha Motor Master Trust II
Series 2026-A, Class A1
4.430%, 04/15/2031 (C)
  555,000     551,405
TOTAL ASSET-BACKED SECURITIES (Cost $38,435,474)     $ 37,900,049
SHORT-TERM INVESTMENTS – 1.9%      
Short-term funds – 1.9%          
John Hancock Collateral Trust, 3.6026% (F)(G)   389,692     3,896,687
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.5748% (F)   8,762,706     8,762,706
TOTAL SHORT-TERM INVESTMENTS (Cost $12,659,458)   $ 12,659,393
Total Investments (Core Bond Trust)
(Cost $690,499,873) – 103.4%
  $ 683,039,903
Other assets and liabilities, net – (3.4%)       (22,477,416)
TOTAL NET ASSETS – 100.0%       $ 660,562,487
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
IBOR Interbank Offered Rate
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) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) Security purchased or sold on a when-issued or delayed-delivery basis.
(C) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $67,835,923 or 10.3% of the fund's net assets as of 6-30-26.
(D) All or a portion of this security is on loan as of 6-30-26.
 
The accompanying notes are an integral part of the financial statements. 32  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)
(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) The rate shown is the annualized seven-day yield as of 6-30-26.
(G) Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
High Yield Trust
    Shares or
Principal
Amount
  Value
CORPORATE BONDS – 94.8%      
Communication services – 19.5%          
Altice Financing SA          
5.750%, 08/15/2029 (A) $ 468,000   $ 327,247
9.625%, 07/15/2027 (A)(B)   607,000     465,970
Altice France Lux 3
10.000%, 01/15/2033 (A)
  119,600     117,636
Altice France SA          
6.875%, 07/15/2032 (A)   337,002     326,782
9.500%, 11/01/2029 (A)   333,930     338,978
AMC Entertainment Holdings, Inc.
7.500%, 02/15/2029 (A)
  209,000     194,131
ANGI Group LLC
3.875%, 08/15/2028 (A)(B)
  366,000     309,270
APLD ComputeCo 2 LLC
6.750%, 03/15/2031 (A)
  182,000     182,654
APLD ComputeCo 3 LLC
7.000%, 06/15/2031 (A)
  182,000     181,627
APLD ComputeCo LLC
9.250%, 12/15/2030 (A)
  293,000     316,084
Arches Buyer, Inc.
6.125%, 12/01/2028 (A)
  43,000     42,355
Black Pearl Compute LLC
6.125%, 02/15/2031 (A)
  174,000     176,230
Cars.com, Inc.
6.375%, 11/01/2028 (A)
  135,000     133,901
CCO Holdings LLC          
4.250%, 02/01/2031 (A)   476,000     428,677
4.500%, 08/15/2030 (A)   991,000     921,177
5.375%, 06/01/2029 (A)   912,000     892,179
6.375%, 09/01/2029 (A)   634,000     633,360
7.000%, 02/01/2033 (A)   508,000     498,188
7.375%, 03/01/2031 (A)(B)   854,000     856,056
7.375%, 02/01/2036 (A)(B)   241,000     236,345
Cinemark USA, Inc.
7.000%, 08/01/2032 (A)(B)
  125,000     128,957
Cipher Compute LLC
7.125%, 11/15/2030 (A)
  125,000     129,940
Clear Channel Outdoor Holdings, Inc.          
7.125%, 02/15/2031 (A)   173,000     179,141
7.500%, 06/01/2029 (A)   91,000     91,047
7.750%, 04/15/2028 (A)   87,000     87,140
Connect Finco SARL
9.000%, 09/15/2029 (A)
  199,000     209,397
Connect Holding II LLC
10.500%, 04/03/2031 (A)
  87,000     87,154
CSC Holdings LLC          
4.625%, 12/01/2030 (A)   200,000     46,500
6.500%, 02/01/2029 (A)   633,000     378,653
CSC Holdings LLC
11.750%, 01/31/2029 (A)
  560,000     344,469
DIRECTV Financing LLC          
9.250%, 06/01/2032 (A)   181,000     183,904
10.000%, 02/15/2031 (A)   782,000     811,485
Discovery Global Holdings, Inc.
4.279%, 03/15/2032 (B)
  1,572,000     1,410,634
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
DISH DBS Corp.          
5.125%, 06/01/2029 $ 227,000   $ 204,278
5.750%, 12/01/2028 (A)(B)   228,000     220,875
DISH Network Corp.
11.750%, 11/15/2027 (A)
  421,000     432,599
Edged Compute LLC
7.500%, 04/30/2031 (A)
  426,000     415,193
ELK Grove Village Property LLC
7.500%, 06/15/2031 (A)
  32,000     32,216
FiberCop SpA          
6.375%, 11/15/2033 (A)   60,000     60,035
7.200%, 07/18/2036 (A)   60,000     61,527
GCI LLC
4.750%, 10/15/2028 (A)
  613,000     584,137
Gray Media, Inc.          
4.750%, 10/15/2030 (A)   153,000     109,904
5.375%, 11/15/2031 (A)   87,000     58,372
7.250%, 08/15/2033 (A)   174,000     171,330
9.625%, 07/15/2032 (A)   79,000     76,247
10.500%, 07/15/2029 (A)   188,000     198,451
iHeartCommunications, Inc.
10.875%, 05/01/2030 (A)(B)
  164,557     142,671
Iliad Holding SAS
7.000%, 04/15/2032 (A)
  338,000     344,475
Level 3 Financing, Inc.          
3.750%, 07/15/2029 (A)   8,000     7,720
6.875%, 06/30/2033 (A)   1,039,000     1,067,469
7.000%, 03/31/2034 (A)   682,000     703,236
7.500%, 02/15/2037 (A)   180,000     184,748
8.500%, 01/15/2036 (A)   153,000     164,297
Light & Wonder International, Inc.
6.250%, 10/01/2033 (A)
  558,000     554,976
Match Group Holdings II LLC          
5.625%, 02/15/2029 (A)   618,000     616,025
6.125%, 09/15/2033 (A)   508,000     501,997
McClatchy Media Company LLC
11.000%, (11.000% Cash or 12.500% PIK), 12/01/2031 (A)
  1,832,510     2,116,543
McGraw-Hill Education, Inc.
8.000%, 08/01/2029 (A)
  56,000     56,110
Meridian Arc Holdco LLC
6.250%, 04/30/2031 (A)
  840,000     841,882
Neptune Bidco US, Inc.          
9.290%, 04/15/2029 (A)   185,000     188,667
9.500%, 02/15/2033 (A)   98,000     99,084
10.375%, 05/15/2031 (A)(B)   411,000     425,967
Nexstar Media, Inc.          
6.500%, 09/15/2033 (A)   392,000     391,891
7.250%, 04/15/2034 (A)(B)   196,000     195,506
Oak-Eagle Acquireco, Inc.          
7.250%, 07/01/2033 (A)   324,000     338,940
8.750%, 07/01/2034 (A)   196,000     208,019
Paramount Global          
3.375%, 02/15/2028   118,000     114,860
3.700%, 06/01/2028   114,000     110,560
4.200%, 06/01/2029   115,000     110,327
4.200%, 05/19/2032   230,000     199,573
4.950%, 01/15/2031   286,000     265,848
5.500%, 05/15/2033   99,000     88,048
6.875%, 04/30/2036 (B)   255,000     239,196
7.875%, 07/30/2030   190,000     199,550
Photo Holdings LLC
12.000%, 07/01/2031 (A)
  117,000     120,561
Playtika Holding Corp.
4.250%, 03/15/2029 (A)(B)
  779,000     697,205
 
The accompanying notes are an integral part of the financial statements. 33  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
PR RNO Property Owner 1 LLC
6.500%, 05/01/2031 (A)
$ 541,000   $ 540,219
Roblox Corp.
3.875%, 05/01/2030 (A)
  501,000     473,457
Scripps Escrow II, Inc.
5.375%, 01/15/2031 (A)(B)
  115,000     68,690
SE Cosmos LLC
8.875%, 05/01/2031 (A)
  252,000     259,074
Sinclair Television Group, Inc.          
5.500%, 03/01/2030 (A)(B)   47,000     40,890
9.750%, 02/15/2033 (A)(B)   42,000     46,620
Sirius XM Radio LLC          
4.000%, 07/15/2028 (A)   772,000     751,761
5.500%, 07/01/2029 (A)   646,000     644,519
Snap, Inc.
6.875%, 03/01/2033 (A)
  498,000     485,417
SoftBank Group Corp.
6.875%, (6.875% to 7-19-27, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 4.854% to 7-19-42, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 5.604%), 07/19/2027 (C)
  428,000     426,547
Space Exploration Technologies Corp.
5.350%, 07/15/2031 (A)
  909,000     906,632
Stagwell Global LLC
5.625%, 08/15/2029 (A)
  645,000     622,116
SV RNO Property Owner 1 LLC
5.875%, 03/01/2031 (A)
  529,000     521,374
The EW Scripps Company
9.875%, 08/15/2030 (A)
  68,000     59,519
Uniti Services LLC
7.500%, 10/15/2033 (A)
  280,000     294,666
Univision Communications, Inc.          
8.500%, 07/31/2031 (A)   712,000     715,081
8.875%, 04/15/2033 (A)   186,000     183,103
9.375%, 08/01/2032 (A)   185,000     187,967
Versant Media Group, Inc.
7.250%, 01/30/2031 (A)(B)
  81,000     83,800
Virgin Media Finance PLC
5.000%, 07/15/2030 (A)
  430,000     326,962
Virgin Media O2 Vendor Financing Notes VI DAC
8.500%, 03/15/2033 (A)
  200,000     160,705
Virgin Media Secured Finance PLC
5.500%, 05/15/2029 (A)
  652,000     618,848
VZ Secured Financing BV          
5.000%, 01/15/2032 (A)   125,000     109,397
7.500%, 01/15/2033 (A)   96,000     91,854
Windstream Services LLC
8.250%, 10/01/2031 (A)
  338,000     356,440
Zayo Group Holdings, Inc.
9.000%, (7.125% Cash and 1.875% PIK), 09/09/2030 (A)
  77,737     76,783
ZipRecruiter, Inc.
5.000%, 01/15/2030 (A)(B)
  697,000     540,314
          35,181,138
Consumer discretionary – 13.9%          
A&K Travel Group Holdings, Ltd.
7.500%, 05/15/2033 (A)
  200,000     201,902
Affinity Interactive
6.875%, 12/15/2027 (A)
  669,000     376,775
American Axle & Manufacturing, Inc.          
6.375%, 10/15/2032 (A)   69,000     68,757
7.750%, 10/15/2033 (A)   278,000     274,627
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
ARKO Corp.
5.125%, 11/15/2029 (A)
$ 39,000   $ 36,075
Asbury Automotive Group, Inc.
5.000%, 02/15/2032 (A)
  534,000     510,760
Beach Acquisition Bidco LLC
10.000%, (10.000% Cash or 10.750% PIK), 07/15/2033 (A)
  299,349     339,924
Boyd Gaming Corp.
4.750%, 06/15/2031 (A)
  389,000     375,631
Caesars Entertainment, Inc.          
6.500%, 02/15/2032 (A)   1,281,000     1,249,578
7.000%, 02/15/2030 (A)   983,000     988,658
Carnival Corp., Ltd.
5.875%, 06/15/2031 (A)
  546,000     555,833
Carvana Company          
9.000%, (9.000% Cash or 13.000% PIK), 06/01/2030 (A)   125,480     129,724
9.000%, (9.000% Cash or 14.000% PIK), 06/01/2031 (A)   174,278     192,334
Champions Financing, Inc.
8.750%, 02/15/2029 (A)(B)
  54,000     52,519
Choice Hotels International, Inc.
5.850%, 08/01/2034 (B)
  425,000     431,819
Clarios Global LP          
6.750%, 05/15/2028 (A)   445,000     451,515
6.750%, 09/15/2032 (A)   137,000     139,916
Dealer Tire Financial LLC
10.375%, 10/01/2031 (A)
  74,000     73,736
Dealer Tire LLC
8.000%, 02/01/2028 (A)
  43,000     42,947
Fertitta Entertainment LLC
6.750%, 01/15/2030 (A)(B)
  97,000     95,128
Fontainebleau Las Vegas Holdings LLC
11.000%, 06/15/2015 (A)(D)
  3,600,425     360
Full House Resorts, Inc.
8.250%, 02/15/2028 (A)(B)
  543,000     530,783
Gaia Purchaser, Inc.
7.625%, 07/15/2033 (A)
  74,000     74,849
Gee Automotive Holdings LLC
7.250%, 03/01/2031 (A)
  70,000     70,926
Graham Holdings Company
5.625%, 12/01/2033 (A)
  175,000     173,527
Hilton Grand Vacations Borrower LLC          
4.875%, 07/01/2031 (A)   122,000     114,673
6.625%, 01/15/2032 (A)   755,000     766,220
IHO Verwaltungs GmbH
8.000%, (8.000% Cash or 8.750% PIK), 11/15/2032 (A)
  78,000     81,064
Installed Building Products, Inc.
5.625%, 02/01/2034 (A)
  49,000     48,637
Jacobs Entertainment, Inc.
6.750%, 02/15/2029 (A)
  260,000     254,800
KB Home          
4.000%, 06/15/2031   603,000     564,057
7.250%, 07/15/2030   286,000     291,540
Kohl's Corp.          
5.125%, 05/01/2031   240,000     214,551
10.000%, 06/01/2030 (A)   476,000     514,837
Liberty Interactive LLC
8.250%, 02/01/2030 (D)
  1,088,000     55,597
Lindblad Expeditions LLC
7.000%, 09/15/2030 (A)
  186,000     192,313
Lithia Motors, Inc.          
3.875%, 06/01/2029 (A)   545,000     522,022
4.375%, 01/15/2031 (A)   196,000     185,817
 
The accompanying notes are an integral part of the financial statements. 34  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
Macy's Retail Holdings LLC
7.375%, 08/01/2033 (A)(B)
$ 373,000   $ 391,622
MajorDrive Holdings IV LLC
6.375%, 06/01/2029 (A)
  47,000     39,412
Marriott Ownership Resorts, Inc.
4.500%, 06/15/2029 (A)
  575,000     554,853
Mavis Tire Express Services Topco Corp.
6.500%, 05/15/2029 (A)
  63,000     62,732
Midwest Gaming Borrower LLC
4.875%, 05/01/2029 (A)
  350,000     340,708
New Red Finance, Inc.
3.875%, 01/15/2028 (A)
  560,000     549,475
Newell Brands, Inc.          
6.375%, 09/15/2027   709,000     714,137
8.500%, 06/01/2028 (A)   917,000     958,052
Nissan Motor Acceptance Company LLC          
5.625%, 09/29/2028 (A)   351,000     350,195
7.050%, 09/15/2028 (A)   445,000     455,924
Nissan Motor Company, Ltd.          
7.500%, 07/17/2030 (A)   431,000     444,221
7.750%, 07/17/2032 (A)   205,000     212,473
Nordstrom, Inc.
4.250%, 08/01/2031 (B)
  521,000     489,229
Petco Health & Wellness Company, Inc.
8.250%, 02/01/2031 (A)
  72,000     72,563
PetSmart LLC          
7.500%, 09/15/2032 (A)   229,000     229,050
10.000%, 09/15/2033 (A)   273,000     273,435
QVC, Inc.
6.875%, 04/15/2029 (A)(D)
  534,000     258,990
Rakuten Group, Inc.          
6.250%, (6.250% to 4-22-31, then 5 Year CMT + 4.956% to 4-22-51, then 5 Year CMT + 5.706%), 04/22/2031 (A)(B)(C)   244,000     230,935
8.125%, (8.125% to 12-15-29, then 5 Year CMT + 4.250%), 12/15/2029 (A)(C)   220,000     225,806
Resorts World Las Vegas LLC
8.450%, 07/27/2030 (A)
  600,000     592,549
Sabre GLBL, Inc.          
10.750%, 11/15/2029 (A)   207,000     198,890
10.750%, 03/15/2030 (A)   328,000     312,912
11.125%, 07/15/2030 (A)   452,000     433,576
Scientific Games Holdings LP
6.625%, 03/01/2030 (A)
  71,000     60,682
Shutterfly Finance LLC
8.500%, (8.500% Cash or 4.250% PIK), 10/01/2027 (A)
  69,000     69,000
Six Flags Entertainment Corp.
8.625%, 01/15/2032 (A)(B)
  105,000     108,116
Sotheby's
8.250%, 04/15/2031 (A)
  237,000     235,752
Staples, Inc.
12.750%, 01/15/2030 (A)
  70,000     53,613
Taylor Morrison Communities, Inc.
5.750%, 11/15/2032 (A)
  76,000     78,215
The Goodyear Tire & Rubber Company          
5.000%, 07/15/2029   236,000     225,597
5.250%, 07/15/2031   151,000     134,401
The Michaels Companies, Inc.          
8.500%, 03/15/2033 (A)   282,000     279,319
11.000%, 03/15/2034 (A)(B)   74,000     72,455
TKC Holdings, Inc.          
8.500%, 08/15/2030 (A)   351,000     361,215
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
TKC Holdings, Inc. (continued)          
12.000%, 02/15/2031 (A) $ 175,000   $ 184,428
Valvoline, Inc.
3.625%, 06/15/2031 (A)
  314,000     288,781
Wand NewCo 3, Inc.
7.625%, 01/30/2032 (A)
  297,000     307,196
Wayfair LLC          
7.250%, 10/31/2029 (A)   116,000     119,719
7.750%, 09/15/2030 (A)   470,000     494,083
Whirlpool Corp.          
6.125%, 06/15/2030   537,000     495,352
7.500%, 07/01/2031 (A)   107,000     108,278
7.875%, 07/01/2034 (A)   107,000     107,439
Wyndham Hotels & Resorts, Inc.
4.375%, 08/15/2028 (A)
  181,000     178,289
ZF North America Capital, Inc.          
6.750%, 04/23/2030 (A)   525,000     520,603
6.875%, 04/14/2028 (A)   550,000     562,530
7.500%, 03/24/2031 (A)(B)   357,000     359,408
          25,040,941
Consumer staples – 3.3%          
Albertsons Companies, Inc.          
5.500%, 03/31/2031 (A)   114,000     111,389
5.625%, 03/31/2032 (A)   559,000     540,445
5.750%, 03/31/2034 (A)   293,000     279,037
6.500%, 02/15/2028 (A)   164,000     165,334
B&G Foods, Inc.          
5.250%, 09/15/2027 (B)   44,000     43,968
8.000%, 09/15/2028 (A)(B)   265,000     265,242
11.000%, 06/15/2031 (A)(B)   71,000     65,557
Chobani LLC
6.375%, 04/15/2034 (A)
  54,000     54,804
Edgewell Personal Care Company          
4.125%, 04/01/2029 (A)   156,000     150,813
5.500%, 06/01/2028 (A)   236,000     235,661
Fiesta Purchaser, Inc.
9.625%, 09/15/2032 (A)
  40,000     39,182
Froneri Lux FinCo SARL
6.000%, 08/01/2032 (A)
  661,000     648,201
HLF Financing Sarl LLC
7.750%, 05/01/2033 (A)
  302,000     306,091
Industrial F&B Investments III, Inc.
7.750%, 02/11/2033 (A)
  61,000     62,167
KeHE Distributors LLC
7.125%, 04/30/2033 (A)
  69,000     70,287
Lamb Weston Holdings, Inc.
4.125%, 01/31/2030 (A)
  500,000     479,461
Opal Bidco SAS
6.500%, 03/31/2032 (A)
  261,000     266,272
Performance Food Group, Inc.          
4.250%, 08/01/2029 (A)   578,000     561,045
5.625%, 03/01/2034 (A)   111,000     108,946
Post Holdings, Inc.          
6.250%, 10/15/2034 (A)   46,000     45,197
6.375%, 03/01/2033 (A)   362,000     359,238
Simmons Foods, Inc.
4.625%, 03/01/2029 (A)
  379,000     366,145
US Foods, Inc.          
4.750%, 02/15/2029 (A)   470,000     463,909
5.750%, 04/15/2033 (A)   272,000     272,370
          5,960,761
Energy – 9.3%          
Antero Midstream Partners LP          
5.375%, 06/15/2029 (A)   497,000     495,434
5.750%, 10/15/2033 (A)   173,000     171,331
 
The accompanying notes are an integral part of the financial statements. 35  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Archrock Partners LP
6.625%, 09/01/2032 (A)
$ 477,000   $ 486,486
Ascent Resources Utica Holdings LLC
5.875%, 06/30/2029 (A)
  371,000     369,906
Blue Racer Midstream LLC
7.000%, 07/15/2029 (A)
  200,000     205,012
Bristow Group, Inc.
6.750%, 02/01/2033 (A)
  56,000     56,162
Buckeye Partners LP          
6.750%, 02/01/2030 (A)   179,000     184,872
6.875%, 07/01/2029 (A)   382,000     389,962
Calumet Specialty Products Partners LP
9.750%, 02/15/2031 (A)
  70,000     74,013
CNX Resources Corp.
5.875%, 03/01/2034 (A)
  106,000     103,153
Crescent Energy Finance LLC
8.375%, 01/15/2034 (A)
  778,000     801,340
Delek Logistics Partners LP
6.875%, 06/01/2034 (A)
  144,000     143,321
Enerflex, Inc.
6.875%, 01/15/2031 (A)
  40,000     40,938
Excelerate Energy LP
8.000%, 05/15/2030 (A)
  470,000     495,662
Genesis Energy LP          
6.750%, 03/15/2034   269,000     266,923
8.000%, 05/15/2033   453,000     471,195
8.250%, 01/15/2029   495,000     511,142
Global Partners LP
7.125%, 07/01/2033 (A)
  186,000     188,204
Hilcorp Energy I LP          
5.750%, 02/01/2029 (A)   383,000     381,512
6.000%, 04/15/2030 (A)   358,000     351,731
Howard Midstream Energy Partners LLC          
6.625%, 01/15/2034 (A)   154,000     155,317
7.375%, 07/15/2032 (A)   99,000     102,536
Kinetik Holdings LP
6.625%, 12/15/2028 (A)
  178,000     180,942
Kodiak Gas Services LLC
6.500%, 10/01/2033 (A)
  242,000     245,304
Kraken Oil & Gas Partners LLC
7.125%, 05/15/2031 (A)
  108,000     105,598
Long Ridge Energy LLC
8.750%, 02/15/2032 (A)
  423,000     446,476
Nabors Industries, Inc.
7.625%, 11/15/2032 (A)
  57,000     58,316
NGL Energy Operating LLC
8.375%, 02/15/2032 (A)
  157,000     163,440
Noble Finance II LLC
6.250%, 06/15/2034 (A)
  59,000     57,824
Northern Oil & Gas, Inc.
7.875%, 10/15/2033 (A)(B)
  104,000     103,339
Oceaneering International, Inc.
6.875%, 07/15/2034 (A)
  110,000     111,734
Rockies Express Pipeline LLC
6.750%, 03/15/2033 (A)
  535,000     549,933
SESI LLC
7.875%, 09/30/2030 (A)
  173,000     175,783
SM Energy Company          
6.625%, 04/15/2034 (A)   103,000     101,385
7.000%, 08/01/2032 (A)   539,000     543,965
8.750%, 07/01/2031 (A)   470,000     490,931
9.625%, 06/15/2033 (A)   347,000     380,464
Solaris Energy Infrastructure LLC
6.375%, 05/15/2031 (A)
  144,000     145,607
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Sunoco LP          
4.500%, 04/30/2030 $ 384,000   $ 372,959
4.625%, 05/01/2030 (A)(B)   185,000     178,687
5.625%, 03/15/2031 (A)   229,000     227,330
5.875%, 03/15/2034 (A)   400,000     394,516
Transocean International, Ltd.          
7.500%, 04/15/2031 (B)   34,000     34,334
7.875%, 10/15/2032 (A)   69,000     72,032
8.250%, 05/15/2029 (A)   78,000     80,541
8.500%, 05/15/2031 (A)(B)   78,000     80,979
USA Compression Partners LP          
6.250%, 10/01/2033 (A)   262,000     259,754
7.125%, 03/15/2029 (A)   184,000     188,478
Valaris, Ltd.
8.375%, 04/30/2030 (A)
  180,000     186,926
Venture Global Calcasieu Pass LLC          
6.000%, 05/01/2036 (A)   94,000     95,015
6.250%, 01/15/2030 (A)   445,000     455,762
Venture Global LNG, Inc.          
6.375%, 12/15/2034 (A)   179,000     175,914
6.625%, 06/15/2036 (A)   63,000     62,098
7.000%, 01/15/2030 (A)(B)   531,000     541,574
9.000%, (9.000% to 9-30-29, then 5 Year CMT + 5.440%), 09/30/2029 (A)(C)   1,052,000     1,027,084
9.500%, 02/01/2029 (A)   500,000     538,176
Venture Global Plaquemines LNG LLC          
6.125%, 12/15/2030 (A)   172,000     175,983
6.500%, 01/15/2034 (A)   213,000     221,942
6.500%, 06/15/2034 (A)   172,000     179,185
7.500%, 05/01/2033 (A)   766,000     840,695
Vermilion Energy, Inc.
7.250%, 02/15/2033 (A)(B)
  58,000     57,021
          16,754,178
Financials – 11.0%          
Acrisure LLC          
7.500%, 11/06/2030 (A)   590,000     559,577
8.500%, 06/15/2029 (A)   179,000     168,297
Alliant Holdings Intermediate LLC          
6.750%, 04/15/2028 (A)   400,000     403,195
7.000%, 01/15/2031 (A)   436,000     443,088
7.375%, 10/01/2032 (A)   222,000     220,348
Amynta Agency Borrower, Inc.
7.500%, 07/15/2033 (A)
  62,000     59,342
Ardonagh Group Finance, Ltd.
8.875%, 02/15/2032 (A)
  133,000     129,202
Aretec Group, Inc.
7.500%, 04/01/2029 (A)(B)
  34,000     33,823
Asurion LLC          
8.000%, 12/31/2032 (A)   566,000     570,277
8.375%, 02/01/2034 (A)   583,000     539,671
Baldwin Insurance Group Holdings LLC
7.125%, 05/15/2031 (A)
  242,000     243,049
Blackstone Mortgage Trust, Inc.
7.750%, 12/01/2029 (A)
  514,000     532,502
Block, Inc.          
3.500%, 06/01/2031 (B)   814,000     749,316
5.625%, 08/15/2030 (A)   397,000     397,993
6.000%, 08/15/2033 (A)   317,000     319,189
Bread Financial Holdings, Inc.
6.750%, 05/15/2031 (A)
  240,000     245,439
Broadstreet Partners Group LLC
5.875%, 04/15/2029 (A)
  64,000     62,497
 
The accompanying notes are an integral part of the financial statements. 36  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Brookfield Finance, Inc.
6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055
$ 380,000   $ 368,579
Cobra AcquisitionCo LLC          
6.375%, 11/01/2029 (A)   35,000     29,757
12.250%, 11/01/2029 (A)   21,000     20,912
CRC Insurance Group LLC
7.125%, 06/01/2031 (A)
  596,000     594,100
Credit Acceptance Corp.
6.625%, 03/15/2030 (A)
  299,000     299,477
CrossCountry Intermediate HoldCo LLC          
6.500%, 10/01/2030 (A)   176,000     173,471
6.750%, 12/01/2032 (A)   242,000     233,645
Focus Financial Partners LLC
6.750%, 09/15/2031 (A)
  364,000     366,263
Freedom Mortgage Corp.
12.250%, 10/01/2030 (A)
  598,000     645,311
Freedom Mortgage Holdings LLC          
6.875%, 05/01/2031 (A)   73,000     70,844
7.875%, 04/01/2033 (A)   182,000     177,490
8.375%, 04/01/2032 (A)   100,000     101,719
Global Atlantic Financial Company
7.950%, (7.950% to 10-15-29, then 5 Year CMT + 3.608%), 10/15/2054 (A)
  342,000     344,415
goeasy, Ltd.
7.375%, 10/01/2030 (A)(B)
  607,000     546,690
Hightower Holding LLC          
6.750%, 04/15/2029 (A)   26,000     25,848
9.125%, 01/31/2030 (A)   35,000     36,308
Howden UK Refinance PLC          
7.250%, 02/15/2031 (A)   390,000     377,765
8.125%, 02/15/2032 (A)   312,000     279,670
HUB International, Ltd.          
7.250%, 06/15/2030 (A)   308,000     316,081
7.375%, 01/31/2032 (A)   441,000     448,885
ION Platform Finance US, Inc.          
5.750%, 05/15/2028 (A)(B)   159,000     145,943
7.875%, 09/30/2032 (A)   175,000     126,795
9.500%, 05/30/2029 (A)   221,000     201,684
Jane Street Group
6.750%, 05/01/2033 (A)
  347,000     356,843
Jones Deslauriers Insurance Management, Inc.
6.875%, 10/01/2033 (A)
  36,000     33,387
LD Holdings Group LLC          
6.125%, 04/01/2028 (A)   46,000     38,465
8.750%, 11/01/2027 (A)   30,000     27,621
Navient Corp.
9.375%, 10/15/2031
  143,000     142,456
OneMain Finance Corp.          
6.125%, 05/15/2030 (B)   737,000     736,962
6.500%, 03/15/2033   599,000     589,435
6.750%, 03/15/2032   179,000     179,430
7.875%, 03/15/2030   990,000     1,030,615
Osaic Holdings, Inc.          
6.750%, 08/01/2032 (A)   335,000     335,573
8.000%, 08/01/2033 (A)   70,000     70,259
Oxford Finance LLC
7.750%, 05/15/2031 (A)(B)
  109,000     108,041
Park River Holdings, Inc.
8.750%, 12/31/2030 (A)
  45,000     43,601
PennyMac Financial Services, Inc.          
6.750%, 02/15/2034 (A)   352,000     337,891
6.875%, 05/15/2032 (A)   297,000     290,655
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
PHH Escrow Issuer LLC
9.875%, 11/01/2029 (A)
$ 56,000   $ 54,812
Popular, Inc.
7.250%, 03/13/2028
  114,000     117,446
Rocket Companies, Inc.          
6.125%, 08/01/2030 (A)   1,376,000     1,399,629
6.125%, 08/01/2031 (A)   126,000     128,687
6.375%, 08/01/2033 (A)   383,000     389,497
6.500%, 08/01/2029 (A)   390,000     398,071
6.500%, 06/15/2034 (A)   126,000     129,236
Starwood Property Trust, Inc.          
5.250%, 10/15/2028 (A)   375,000     373,290
5.750%, 01/15/2031 (A)   208,000     206,695
5.875%, 08/15/2029 (A)   128,000     128,383
Stonebriar ABF Issuer LLC
8.125%, 12/15/2030 (A)
  323,000     337,694
USI, Inc.
7.500%, 01/15/2032 (A)
  53,000     53,499
Walker & Dunlop, Inc.
6.625%, 04/01/2033 (A)
  149,000     151,374
          19,798,004
Health care – 6.6%          
Acadia Healthcare Company, Inc.
7.375%, 03/15/2033 (A)(B)
  545,000     561,036
Accendra Health, Inc.
9.750%, 06/15/2033 (A)
  42,385     28,766
AdaptHealth LLC
4.625%, 08/01/2029 (A)
  667,000     643,562
AMN Healthcare, Inc.          
4.000%, 04/15/2029 (A)   300,000     290,566
6.500%, 01/15/2031 (A)(B)   244,000     245,484
AthenaHealth Group, Inc.
6.500%, 02/15/2030 (A)
  204,000     195,600
Bausch Health Americas, Inc.
8.500%, 01/31/2027 (A)
  56,000     55,895
Bausch Health Companies, Inc.          
5.000%, 01/30/2028 (A)   40,000     35,500
5.250%, 02/15/2031 (A)   105,000     61,993
6.250%, 02/15/2029 (A)   101,000     75,939
10.000%, 04/15/2032 (A)   1,058,000     1,071,580
14.000%, 10/15/2030 (A)(B)   33,000     30,860
Community Health Systems, Inc.          
5.250%, 05/15/2030 (A)   420,000     396,325
6.125%, 04/01/2030 (A)(B)   108,000     96,977
6.875%, 04/15/2029 (A)   108,000     106,229
10.875%, 01/15/2032 (A)   177,000     190,619
DaVita, Inc.          
3.750%, 02/15/2031 (A)   519,000     480,861
4.625%, 06/01/2030 (A)   779,000     754,662
Emergent BioSolutions, Inc.
3.875%, 08/15/2028 (A)
  38,000     35,232
Encompass Health Corp.
5.875%, 06/01/2034 (A)
  72,000     71,851
Endo Finance Holdings LP
8.500%, 04/15/2031 (A)
  387,000     406,818
Genmab A/S          
6.250%, 12/15/2032 (A)   201,000     204,834
7.250%, 12/15/2033 (A)   135,000     140,751
HealthEquity, Inc.
4.500%, 10/01/2029 (A)
  465,000     451,771
IQVIA, Inc.
6.500%, 05/15/2030 (A)
  400,000     408,287
LifePoint Health, Inc.
5.375%, 01/15/2029 (A)
  44,000     42,212
 
The accompanying notes are an integral part of the financial statements. 37  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
LifePoint Health, Inc.          
7.000%, 05/01/2034 (A) $ 189,000   $ 181,149
10.000%, 06/01/2032 (A)   69,000     68,883
Medline Borrower LP
5.250%, 10/01/2029 (A)
  871,000     865,677
MPH Acquisition Holdings LLC          
5.750%, 12/31/2030 (A)   67,000     55,885
6.750%, (6.000% Cash and 0.750% PIK), 03/31/2031 (A)   66,247     39,607
11.500%, (6.500% Cash and 5.000% PIK), 12/31/2030 (A)   56,375     55,811
National Mentor Holdings, Inc.
10.500%, 12/15/2030 (A)
  154,000     162,300
Organon & Company          
4.125%, 04/30/2028 (A)   764,000     754,497
5.125%, 04/30/2031 (A)   191,000     188,965
Perrigo Finance Unlimited Company          
5.150%, 06/15/2030   72,000     69,234
6.125%, 09/30/2032   69,000     65,902
Radiology Partners, Inc.
9.781%, (0.000% Cash and 9.781% PIK), 02/15/2030 (A)
  72,374     71,831
Raven Acquisition Holdings LLC
6.875%, 11/15/2031 (A)
  294,000     287,362
Surgery Center Holdings, Inc.
7.250%, 04/15/2032 (A)
  105,000     106,296
TEAM Services Holding, Inc.
9.000%, 02/15/2033 (A)(B)
  172,000     174,079
Tenet Healthcare Corp.          
4.375%, 01/15/2030 (B)   495,000     479,711
5.125%, 11/01/2027   400,000     399,996
6.000%, 11/15/2033 (A)   411,000     414,593
6.750%, 05/15/2031   429,000     439,470
          11,965,458
Industrials – 11.4%          
Albion Financing 1 Sarl
7.000%, 05/21/2030 (A)
  381,000     394,497
Allied Universal Holdco LLC          
4.625%, 06/01/2028 (A)   400,000     393,088
6.000%, 06/01/2029 (A)   82,000     81,639
6.875%, 06/15/2030 (A)   700,000     719,318
7.875%, 02/15/2031 (A)   660,000     689,953
Alta Equipment Group, Inc.
9.000%, 06/01/2029 (A)(B)
  45,000     43,173
Amentum Holdings, Inc.
7.250%, 08/01/2032 (A)
  117,000     120,507
Anagram Holdings LLC
10.000%, 08/15/2026 (A)(D)(E)
  96,052     0
Arcosa, Inc.
4.375%, 04/15/2029 (A)
  380,000     373,764
ATI, Inc.
5.875%, 06/15/2033
  71,000     71,986
Axon Enterprise, Inc.
6.250%, 03/15/2033 (A)
  180,000     184,494
Boise Cascade Company
4.875%, 07/01/2030 (A)(B)
  277,000     272,737
Brand Industrial Services, Inc.
10.375%, 08/01/2030 (A)
  175,000     142,607
Brundage-Bone Concrete Pumping Holdings, Inc.
7.500%, 02/01/2032 (A)
  148,000     153,546
Builders FirstSource, Inc.          
4.250%, 02/01/2032 (A)   201,000     187,218
6.375%, 06/15/2032 (A)   385,000     390,711
6.750%, 05/15/2035 (A)   355,000     361,948
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
CACI International, Inc.
6.375%, 06/15/2033 (A)
$ 350,000   $ 354,977
Carpenter Technology Corp.
5.625%, 03/01/2034 (A)
  138,000     137,896
Cimpress PLC
7.375%, 09/15/2032 (A)
  91,000     91,958
Clean Harbors, Inc.          
5.750%, 10/15/2033 (A)   175,000     176,150
6.375%, 02/01/2031 (A)   357,000     362,042
Columbus McKinnon Corp.
7.125%, 02/01/2033 (A)
  140,000     140,298
CP Atlas Buyer, Inc.
12.750%, (7.000% Cash and 5.750% PIK), 01/15/2031 (A)
  42,000     32,263
Dycom Industries, Inc.
4.500%, 04/15/2029 (A)
  372,000     363,832
Efesto Bidco SpA Efesto US LLC
7.500%, 02/15/2032 (A)
  200,000     200,134
EMRLD Borrower LP          
6.625%, 12/15/2030 (A)   416,000     425,291
6.750%, 07/15/2031 (A)   310,000     320,865
Enpro, Inc.
6.125%, 06/01/2033 (A)
  122,000     123,598
EquipmentShare.com, Inc.
7.125%, 07/01/2034 (A)
  225,000     221,071
FTAI Aviation Investors LLC
7.000%, 06/15/2032 (A)
  728,000     751,846
FXI Holdings, Inc.
11.000%, 11/15/2030 (A)
  18,000     15,120
Garda World Security Corp.          
8.250%, 08/01/2032 (A)   182,000     186,245
8.375%, 11/15/2032 (A)   264,000     270,086
GB AIT Buyer, Inc.
8.750%, 04/30/2034 (A)
  36,000     36,096
Global Infrastructure Solutions, Inc.          
5.625%, 06/01/2029 (A)   439,000     438,704
6.375%, 07/15/2034 (A)   110,000     110,567
Granite Construction, Inc.
6.375%, 06/15/2034 (A)
  31,000     31,522
Herc Holdings, Inc.          
5.750%, 03/15/2031 (A)   108,000     107,863
6.625%, 06/15/2029 (A)   355,000     362,445
7.000%, 06/15/2030 (A)   360,000     372,804
JB Poindexter & Company, Inc.
8.750%, 12/15/2031 (A)
  257,000     264,228
JELD-WEN Holding, Inc.
7.000%, 09/01/2032 (A)(B)
  608,000     350,846
JetBlue Airways Corp.
9.875%, 09/20/2031 (A)(B)
  892,000     807,896
LSF12 Helix Parent LLC
7.125%, 02/01/2033 (A)
  16,000     15,491
Madison IAQ LLC
5.875%, 06/30/2029 (A)
  91,000     91,047
Miter Brands Acquisition Holdco, Inc.
6.750%, 04/01/2032 (A)
  269,000     266,685
OneSky Flight LLC
8.875%, 12/15/2029 (A)
  191,000     201,978
PODS LLC
8.750%, 05/15/2031 (A)
  180,000     175,873
QXO Building Products, Inc.          
6.500%, 07/15/2031 (A)   312,000     317,981
6.875%, 07/15/2034 (A)   358,000     367,514
RR Donnelley & Sons Company
11.000%, (5.500% Cash and 5.500% PIK), 06/01/2031 (A)
  75,000     72,542
 
The accompanying notes are an integral part of the financial statements. 38  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
Stanley Black & Decker, Inc.
6.707%, (6.707% to 3-15-30, then 5 Year CMT + 2.657%), 03/15/2060
$ 466,000   $ 463,932
Synergy Infrastructure Holdings LLC
7.875%, 12/01/2030 (A)
  69,000     72,114
The Brink's Company
6.500%, 06/15/2029 (A)
  178,000     181,563
The GEO Group, Inc.
10.250%, 04/15/2031
  807,000     871,923
TransDigm, Inc.          
4.875%, 05/01/2029   994,000     979,408
6.125%, 07/31/2034 (A)   350,000     349,550
6.375%, 03/01/2029 (A)   546,000     554,343
6.750%, 01/31/2034 (A)   481,000     493,366
7.125%, 12/01/2031 (A)   439,000     454,567
TriNet Group, Inc.
7.125%, 08/15/2031 (A)(B)
  520,000     522,866
United Rentals North America, Inc.          
3.875%, 02/15/2031   298,000     281,565
4.000%, 07/15/2030   588,000     562,088
VT Topco, Inc.
8.500%, 08/15/2030 (A)(B)
  599,000     607,697
Watco Companies LLC
7.125%, 08/01/2032 (A)
  200,000     205,358
WESCO Distribution, Inc.          
6.375%, 03/15/2029 (A)   574,000     584,240
6.375%, 03/15/2033 (A)   183,000     187,757
          20,519,277
Information technology – 5.9%          
Amkor Technology, Inc.
5.875%, 10/01/2033 (A)
  105,000     105,365
Cloud Software Group, Inc.          
6.500%, 03/31/2029 (A)   611,000     592,842
6.625%, 08/15/2033 (A)(B)   191,000     165,595
8.250%, 06/30/2032 (A)   1,074,000     1,006,602
9.000%, 09/30/2029 (A)   756,000     733,798
Consensus Cloud Solutions, Inc.
6.500%, 10/15/2028 (A)
  484,000     483,954
Cooper-Standard Automotive, Inc.
9.250%, 03/01/2031 (A)
  91,000     91,714
Core Scientific Finance I LLC
7.750%, 05/15/2031 (A)
  364,000     369,116
CoreWeave, Inc.          
9.000%, 02/01/2031 (A)(B)   170,000     167,996
9.250%, 06/01/2030 (A)(B)   293,000     294,903
9.625%, 07/15/2032 (A)   142,000     139,877
9.750%, 10/01/2031 (A)   326,000     325,281
Diebold Nixdorf, Inc.
7.750%, 03/31/2030 (A)
  330,000     343,669
EchoStar Corp.
10.750%, 11/30/2029
  420,000     453,860
Flash Compute LLC
7.250%, 12/31/2030 (A)
  146,000     150,120
Insight Enterprises, Inc.
6.625%, 05/15/2032 (A)
  179,000     181,928
McAfee Corp.
7.375%, 02/15/2030 (A)
  176,000     149,555
NCR Voyix Corp.          
5.125%, 04/15/2029 (A)   38,000     37,070
5.250%, 10/01/2030 (A)   557,000     504,085
ON Semiconductor Corp.
3.875%, 09/01/2028 (A)
  251,000     244,224
Open Text Corp.
3.875%, 02/15/2028 (A)
  458,000     446,318
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
Open Text Holdings, Inc.
4.125%, 02/15/2030 (A)(B)
$ 468,000   $ 428,712
Pagaya US Holdings Company LLC
8.875%, 08/01/2030 (A)
  200,000     171,865
Qnity Electronics, Inc.          
5.750%, 08/15/2032 (A)   214,000     215,140
6.250%, 08/15/2033 (A)   390,000     396,800
Rocket Software, Inc.
6.500%, 02/15/2029 (A)
  50,000     45,023
Seagate Data Storage Technology
Pte, Ltd.
         
5.750%, 12/01/2034 (A)   281,000     285,071
8.250%, 12/15/2029 (A)   153,000     159,985
Stingray Compute LLC
6.000%, 06/15/2031 (A)
  78,000     78,154
UKG, Inc.
6.875%, 02/01/2031 (A)
  777,000     754,839
Virtusa Corp.
7.125%, 12/15/2028 (A)
  547,000     433,389
WULF Compute LLC
7.750%, 10/15/2030 (A)
  180,000     189,063
Xerox Corp.          
10.250%, 10/15/2030 (A)(B)   46,000     40,474
13.500%, 04/15/2031 (A)(B)   62,000     42,005
Xerox Holdings Corp.
5.500%, 08/15/2028 (A)(B)
  415,000     241,261
Yondr JK 1 LLC
6.875%, 06/30/2031 (A)
  46,000     46,116
Zebra Technologies Corp.
6.500%, 06/01/2032 (A)
  201,000     203,449
          10,719,218
Materials – 8.3%          
Alcoa Nederland Holding BV
4.125%, 03/31/2029 (A)
  383,000     373,043
Amsted Industries, Inc.
6.375%, 03/15/2033 (A)
  183,000     185,039
Ardagh Group SA          
9.500%, 12/01/2030 (A)(B)   463,098     494,987
11.000%, (6.000% Cash and 5.000% PIK), 12/01/2030 (A)(B)   1,004,677     959,467
Ardagh Metal Packaging Finance
USA LLC
         
4.000%, 09/01/2029 (A)   92,000     87,452
6.250%, 01/30/2031 (A)   90,000     91,007
Ashland, Inc.
6.875%, 05/15/2043
  435,000     440,077
Celanese US Holdings LLC          
7.000%, 02/15/2031   137,000     141,008
7.375%, 02/15/2034 (B)   137,000     141,540
7.550%, 11/15/2030   684,000     725,019
Champion Iron Canada, Inc.
7.875%, 07/15/2032 (A)
  138,000     142,892
Cleveland-Cliffs, Inc.          
7.000%, 03/15/2032 (A)   545,000     540,692
7.500%, 09/15/2031 (A)   549,000     555,664
Clydesdale Acquisition Holdings, Inc.          
6.750%, 04/15/2032 (A)   285,000     276,622
6.875%, 01/15/2030 (A)   446,000     444,341
8.750%, 04/15/2030 (A)   266,000     262,385
Commercial Metals Company
5.750%, 11/15/2033 (A)
  104,000     103,386
Consolidated Energy Finance SA
12.000%, 02/15/2031 (A)
  150,000     155,226
FMC Corp.          
3.450%, 10/01/2029 (B)   85,000     78,706
 
The accompanying notes are an integral part of the financial statements. 39  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Materials (continued)          
FMC Corp. (continued)          
5.650%, 05/18/2033 (B) $ 60,000   $ 53,817
8.000%, 06/01/2031 (A)   144,000     149,874
Fortescue Treasury Pty, Ltd.          
4.500%, 09/15/2027 (A)   278,000     275,867
5.875%, 04/15/2030 (A)   261,000     264,275
Huntsman International LLC
4.500%, 05/01/2029
  106,000     103,522
Hybar LLC
7.375%, 07/01/2034 (A)
  46,000     46,223
INEOS Finance PLC
6.750%, 05/15/2028 (A)
  178,000     176,818
INEOS Quattro Finance 2 PLC
9.625%, 03/15/2029 (A)
  48,000     45,057
Kaiser Aluminum Corp.
5.875%, 03/01/2034 (A)
  275,000     272,142
Magnera Corp.
7.250%, 11/15/2031 (A)
  628,000     613,085
Mativ Holdings, Inc.
8.000%, 10/01/2029 (A)
  70,000     69,489
Mauser Packaging Solutions Holding Company
9.250%, 04/15/2030 (A)
  114,000     112,153
Midwest Vanadium Proprietary, Ltd.
11.500%, 02/15/2018 (A)(D)
  912,943     6,181
Mineral Resources, Ltd.          
6.000%, 05/01/2032 (A)   45,000     44,516
6.250%, 05/01/2034 (A)   45,000     44,248
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)(D)
  950,000     10
Novelis Corp.          
4.750%, 01/30/2030 (A)   481,000     465,292
6.375%, 08/15/2033 (A)   283,000     285,039
Olympus Water US Holding Corp.          
4.250%, 10/01/2028 (A)   200,000     193,990
6.750%, 08/01/2032 (A)   515,000     503,196
7.250%, 02/15/2033 (A)   200,000     197,794
Owens-Brockway Glass Container, Inc.          
7.250%, 05/15/2031 (A)(B)   927,000     916,097
9.500%, 06/01/2033 (A)(B)   72,000     73,755
PLS Group, Ltd.
6.875%, 05/01/2031 (A)
  22,000     22,525
Quikrete Holdings, Inc.          
6.375%, 03/01/2032 (A)   130,000     132,753
6.750%, 03/01/2033 (A)   450,000     458,720
SCIH Salt Holdings, Inc.
6.625%, 05/01/2029 (A)(B)
  62,000     61,462
Sealed Air Corp.
6.875%, 07/15/2033 (A)
  432,000     429,705
Skeena Resources, Ltd.
8.500%, 04/01/2031 (A)
  19,000     19,958
Solstice Advanced Materials, Inc.
5.625%, 09/30/2033 (A)
  209,000     207,700
Standard Building Solutions, Inc.
5.875%, 03/15/2034 (A)
  152,000     146,471
Standard Industries, Inc.
4.375%, 07/15/2030 (A)
  542,000     514,765
Stonepeak Motion Holdco, Ltd.
6.125%, 07/15/2033 (A)
  268,000     268,335
Sword Purchaser LLC
10.500%, 04/15/2034 (A)
  117,000     122,406
The Chemours Company          
5.750%, 11/15/2028 (A)   71,000     70,943
8.000%, 01/15/2033 (A)   46,000     46,588
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Materials (continued)          
The Scotts Miracle-Gro Company
4.000%, 04/01/2031
$ 542,000   $ 508,009
Trident TPI Holdings, Inc.
12.750%, 12/31/2028 (A)
  55,000     55,071
Trivium Packaging Finance BV          
8.250%, 07/15/2030 (A)   80,000     84,529
12.250%, 01/15/2031 (A)   52,000     57,478
Tronox, Inc.
4.625%, 03/15/2029 (A)
  101,000     70,705
White Cap Supply Holdings LLC
7.375%, 11/15/2030 (A)
  55,000     55,764
WR Grace Holdings LLC          
5.625%, 08/15/2029 (A)   100,000     93,989
6.625%, 08/15/2032 (A)   247,000     239,560
7.000%, 08/01/2033 (A)   210,000     204,489
          14,982,918
Real estate – 3.2%          
Anywhere Real Estate Group LLC          
5.250%, 04/15/2030 (A)(B)   73,000     70,450
7.000%, 04/15/2030 (A)   247,157     249,096
9.750%, 04/15/2030 (A)   350,000     376,271
Diversified Healthcare Trust          
4.750%, 02/15/2028   44,000     43,162
7.250%, 10/15/2030 (A)   105,000     108,073
Fideicomiso Irrevocable de Emision, Administracion y Fuente de Pago Numero CIB/4323
13.000%, (11.000% Cash and 2.000% PIK), 09/12/2030 (A)(D)
  200,000     84,750
Greystar Real Estate Partners LLC
7.750%, 09/01/2030 (A)
  314,000     326,524
Iron Mountain Information Management Services, Inc.
5.000%, 07/15/2032 (A)
  403,000     387,214
Iron Mountain, Inc.          
4.875%, 09/15/2029 (A)   1,036,000     1,016,607
6.250%, 01/15/2035 (A)   307,000     308,197
Kennedy-Wilson, Inc.          
7.000%, 06/01/2031 (A)   126,000     128,802
7.250%, 06/01/2033 (A)(B)   80,000     81,695
Millrose Properties, Inc.
6.375%, 08/01/2030 (A)
  185,000     187,507
MPT Operating Partnership LP          
3.500%, 03/15/2031   112,000     77,018
4.625%, 08/01/2029   79,000     63,498
5.000%, 10/15/2027 (B)   121,000     117,365
8.500%, 02/15/2032 (A)   188,000     192,473
Outfront Media Capital LLC          
4.250%, 01/15/2029 (A)   278,000     270,692
6.000%, 06/15/2034 (A)(B)   110,000     109,799
7.375%, 02/15/2031 (A)   200,000     207,983
Service Properties Trust          
3.950%, 01/15/2028 (B)   35,000     33,951
4.950%, 10/01/2029 (B)   68,000     64,059
6.134%, 09/30/2027 (A)(F)   70,000     64,905
8.625%, 11/15/2031 (A)   119,000     125,361
8.875%, 06/15/2032   60,000     61,774
The Howard Hughes Corp.          
5.875%, 03/01/2032 (A)   104,000     103,111
6.125%, 03/01/2034 (A)   104,000     102,756
Uniti Group LP          
6.500%, 02/15/2029 (A)   170,000     168,658
8.625%, 06/15/2032 (A)   52,000     54,247
8.625%, 06/15/2032 (A)   280,000     292,100
 
The accompanying notes are an integral part of the financial statements. 40  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Real estate (continued)          
XHR LP
6.625%, 05/15/2030 (A)
$ 323,000   $ 330,454
          5,808,552
Utilities – 2.4%          
Alpha Generation LLC          
6.250%, 01/15/2034 (A)   139,000     136,774
6.750%, 10/15/2032 (A)   258,000     262,748
Clearway Energy Operating LLC
5.750%, 01/15/2034 (A)
  176,000     172,570
ContourGlobal Power Holdings SA
6.750%, 02/28/2030 (A)
  500,000     507,415
NRG Energy, Inc.          
3.625%, 02/15/2031 (A)   627,000     582,266
5.750%, 01/15/2034 (A)   702,000     696,518
5.875%, 05/15/2034 (A)   567,000     564,018
Talen Energy Supply LLC
6.250%, 02/01/2034 (A)
  526,000     522,803
The AES Corp.
7.600%, (7.600% to 1-15-30, then 5 Year CMT + 3.201%), 01/15/2055
  156,000     159,725
TransAlta Corp.
5.875%, 02/01/2034
  106,000     104,420
VoltaGrid LLC
7.375%, 11/01/2030 (A)
  344,000     357,131
XPLR Infrastructure Operating Partners LP
7.750%, 04/15/2034 (A)
  210,000     221,040
          4,287,428
TOTAL CORPORATE BONDS (Cost $177,809,947)     $ 171,017,873
TERM LOANS (G) – 0.8%      
Communication services – 0.2%          
Townsquare Media, Inc., 2025 Term Loan (6 month CME Term SOFR + 5.000%) 8.586%, 02/19/2030   581,063     423,816
Consumer discretionary – 0.5%          
Dave & Buster's, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.250%) 6.916%, 06/29/2029   1,000,000     877,500
Materials – 0.1%          
Arctic Canadian Diamond Company, Ltd., 2nd Lien PIK Term Loan (10.000% Cash or 12.500% PIK) 10.000%, 12/17/2033 (E)   518,303     126,103
Trinseo Holding Sarl, 2021 Term Loan B2 0.000%, 05/03/2028 (D)   742,228     37,111
          163,214
TOTAL TERM LOANS (Cost $2,588,231)   $ 1,464,530
COMMON STOCKS – 0.0%        
Energy – 0.0%          
Permian Production (E)(H)   19,583     11,750
TOTAL COMMON STOCKS (Cost $0)   $ 11,750
PREFERRED SECURITIES – 0.3%        
Financials – 0.3%          
Athene Holding, Ltd., 7.250% (7.250% to 3-30-29, then 5 Year CMT + 2.986%) (B)   21,875     540,313
TOTAL PREFERRED SECURITIES (Cost $549,947)   $ 540,313
High Yield Trust (continued)
    Shares or
Principal
Amount
  Value
ESCROW SHARES – 0.0%          
Arctic Canadian Diamonds Holding Units (E)(H)   494   $ 0
TOTAL ESCROW SHARES (Cost $0)   $ 0
ESCROW CERTIFICATES – 0.0%          
Adelphia Communications Corp. (E)(H) $ 3,000,000     0
Adelphia Communications Corp. (E)(H)   2,050,000     0
Adelphia Communications Corp. (E)(H)   1,025,000     0
Magellan Health, Inc. (E)(H)   1,930,000     0
TOTAL ESCROW CERTIFICATES (Cost $320,209)   $ 0
SHORT-TERM INVESTMENTS – 11.7%      
Short-term funds – 11.7%          
John Hancock Collateral Trust, 3.6026% (I)(J)   2,097,108     20,969,817
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.5748% (I)   242     242
TOTAL SHORT-TERM INVESTMENTS (Cost $20,972,083)   $ 20,970,059
Total Investments (High Yield Trust)
(Cost $202,240,417) – 107.6%
  $ 194,004,525
Other assets and liabilities, net – (7.6%)       (13,625,521)
TOTAL NET ASSETS – 100.0%       $ 180,379,004
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
ICE Intercontinental Exchange
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. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $150,361,667 or 83.4% of the fund's net assets as of 6-30-26.
(B) All or a portion of this security is on loan as of 6-30-26.
(C) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D) Non-income producing - Issuer is in default.
(E) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(F) 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.
(G) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(H) Non-income producing security.
(I) The rate shown is the annualized seven-day yield as of 6-30-26.
(J) Investment is an affiliate of the portfolio, 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 $18,669,226.
 
The accompanying notes are an integral part of the financial statements. 41  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
72.0%
     
U.S. Government – 33.1%          
U.S. Treasury Bonds          
1.125%, 05/15/2040 $ 2,975,000   $ 1,882,269
1.250%, 05/15/2050   4,170,000     1,984,334
1.375%, 11/15/2040   3,360,000     2,172,056
1.875%, 02/15/2041 to 11/15/2051   3,015,000     1,830,135
2.000%, 11/15/2041   1,750,000     1,211,943
2.250%, 08/15/2046   4,745,000     3,094,815
2.500%, 02/15/2045 (A)   994,000     697,120
3.000%, 11/15/2045 to 08/15/2052   10,047,000     7,385,897
3.125%, 05/15/2048   2,405,000     1,806,850
3.625%, 05/15/2053   1,570,000     1,254,712
3.750%, 11/15/2043 (A)   2,253,000     1,947,349
4.250%, 05/15/2039 to 08/15/2054   2,431,000     2,183,238
4.375%, 11/15/2039   1,170,000     1,136,363
4.500%, 08/15/2039   330,000     325,463
4.750%, 02/15/2041   1,350,000     1,350,316
U.S. Treasury Inflation
Protected Securities
         
0.750%, 02/15/2042   2,129,034     1,624,160
1.250%, 04/15/2031   4,545,008     4,403,280
U.S. Treasury Notes          
0.625%, 05/15/2030   2,810,000     2,455,128
1.625%, 05/15/2031   7,210,000     6,396,328
1.875%, 02/15/2032   3,110,000     2,743,482
2.750%, 08/15/2032   2,945,000     2,704,683
3.500%, 11/15/2028   30,000     29,549
3.875%, 08/15/2033   1,155,000     1,123,147
4.000%, 02/15/2034 to 11/15/2035   4,270,000     4,148,767
4.125%, 11/30/2031 to 02/15/2036   2,780,000     2,755,135
4.250%, 11/15/2034   5,500,000     5,446,289
4.375%, 01/31/2032 to 05/15/2034   3,190,000     3,197,129
4.500%, 11/15/2033   2,525,000     2,550,349
          69,840,286
U.S. Government Agency – 38.9%          
Federal Home Loan Mortgage Corp.          
2.500%, 02/01/2038   385,602     361,660
3.000%, 12/01/2046 to 04/01/2048   193,144     171,505
4.500%, 05/01/2053   1,520,675     1,469,465
5.000%, 12/01/2034 to 04/01/2056   2,597,201     2,555,974
5.500%, 06/01/2053 to 07/01/2054   2,964,465     2,982,635
6.000%, 01/01/2053 to 02/01/2055   3,820,633     3,927,961
6.500%, 04/01/2029 to 08/01/2034   2,971     3,082
7.500%, 05/01/2027 to 05/01/2028   132     133
Federal National Mortgage Association          
2.000%, 03/01/2038 to 05/01/2051   5,755,475     4,759,815
2.500%, 07/01/2030 to 12/01/2051   1,525,562     1,288,098
3.000%, TBA (B)   1,830,000     1,595,960
3.000%, 10/01/2035 to 05/01/2051   1,905,256     1,697,627
3.500%, TBA (B)   2,260,000     2,059,727
3.500%, 08/01/2043   343,298     321,079
4.000%, TBA (B)   6,565,000     6,172,797
4.500%, TBA (B)   2,860,000     2,802,592
5.000%, TBA (B)   1,740,000     1,710,010
5.000%, 10/01/2054   1,751,985     1,727,940
5.500%, TBA (B)   12,485,000     12,534,109
5.500%, 07/01/2040 to 02/01/2055   8,648,306     8,743,222
6.000%, TBA (B)   5,025,000     5,125,214
6.000%, 12/01/2053   1,329,533     1,362,505
6.500%, TBA (B)   5,960,000     6,158,124
Government National
Mortgage Association
         
2.000%, 12/20/2050   2,088,029     1,713,700
2.500%, 12/20/2051   4,081,433     3,487,819
3.000%, 04/20/2051 to 05/20/2051   1,658,722     1,474,962
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
3.500%, TBA (B) $ 1,995,000   $ 1,790,746
4.000%, 11/15/2040 to 02/15/2042   12,831     12,327
4.500%, 05/20/2052   1,640,822     1,585,919
5.500%, TBA (B)   2,220,000     2,230,791
6.000%, 08/15/2032 to 04/15/2035   16,269     16,742
6.500%, 10/15/2028 to 02/15/2035   3,126     3,241
7.000%, 11/15/2031 to 11/15/2033   15,387     15,593
          81,863,074
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $162,131,129)   $ 151,703,360
FOREIGN GOVERNMENT OBLIGATIONS – 1.2%      
Indonesia – 0.1%          
Republic of Indonesia
5.125%, 05/29/2038
EUR 145,000     169,881
Israel – 0.2%          
State of Israel          
3.875%, 07/03/2050 $ 200,000     144,837
5.375%, 02/19/2030   200,000     202,451
          347,288
Mexico – 0.5%          
Government of Mexico          
5.375%, 03/22/2033   605,000     591,115
5.375%, 03/22/2033   200,000     195,410
5.625%, 02/09/2034   200,000     196,800
6.250%, 08/27/2037   200,000     200,059
          1,183,384
Philippines – 0.1%          
Republic of the Philippines
5.325%, 06/24/2036
  200,000     199,855
Romania – 0.3%          
Republic of Romania          
2.625%, 12/02/2040 (C) EUR 250,000     192,092
2.750%, 04/14/2041   493,000     380,319
5.750%, 03/24/2035 $ 176,000     170,398
          742,809
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $2,747,649)   $ 2,643,217
CORPORATE BONDS – 16.8%      
Communication services – 2.0%          
Altice France SA          
6.500%, 04/15/2032 (C)   54,435     52,607
6.875%, 07/15/2032 (C)   100,000     96,968
AT&T, Inc.
6.300%, 10/30/2066
  90,000     89,198
CCO Holdings LLC          
4.250%, 02/01/2031 (C)   150,000     135,087
7.375%, 02/01/2036 (C)(D)   35,000     34,324
Charter Communications Operating LLC          
3.700%, 04/01/2051   45,000     27,921
5.125%, 07/01/2049   220,000     169,797
5.375%, 05/01/2047   155,000     125,456
5.750%, 04/01/2048   375,000     315,650
Cinemark USA, Inc.
7.000%, 08/01/2032 (C)(D)
  100,000     103,166
Comcast Corp.          
2.800%, 01/15/2051   35,000     19,507
2.887%, 11/01/2051   165,000     93,513
3.750%, 04/01/2040   185,000     147,866
 
The accompanying notes are an integral part of the financial statements. 42  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
Cox Communications, Inc.          
5.450%, 09/01/2034 (C) $ 15,000   $ 14,287
5.950%, 09/01/2054 (C)   105,000     90,559
DIRECTV Financing LLC          
9.250%, 06/01/2032 (C)   21,000     21,337
10.000%, 02/15/2031 (C)   100,000     103,771
Iliad Holding SAS
6.875%, 04/15/2031
EUR 100,000     120,225
Level 3 Financing, Inc.          
7.000%, 03/31/2034 (C) $ 100,000     103,114
7.500%, 02/15/2037 (C)   20,000     20,528
8.500%, 01/15/2036 (C)   40,000     42,953
Meta Platforms, Inc.          
5.550%, 08/15/2064   170,000     148,559
5.750%, 11/15/2065   320,000     287,466
6.450%, 05/15/2066   370,000     365,420
NTT Finance Corp.
5.171%, 07/16/2032 (C)
  200,000     199,983
Paramount Global          
4.200%, 05/19/2032   180,000     156,188
5.250%, 04/01/2044   115,000     79,023
5.850%, 09/01/2043   20,000     14,975
RD Michigan Property Owner I LLC
7.500%, 03/30/2045 (C)
  265,000     264,138
Scripps Escrow II, Inc.
3.875%, 01/15/2029 (C)
  90,000     82,105
Space Exploration Technologies Corp.          
5.650%, 07/15/2033 (C)   300,000     298,213
6.600%, 07/15/2046 (C)   105,000     102,122
Time Warner Cable LLC
4.500%, 09/15/2042
  315,000     237,411
United Group BV
6.500%, 10/31/2031 (C)
EUR 100,000     117,880
          4,281,317
Consumer discretionary – 0.7%          
Amazon.com, Inc.          
5.550%, 11/20/2065 $ 40,000     37,375
5.950%, 03/13/2066   185,000     183,937
American Axle & Manufacturing, Inc.
6.375%, 10/15/2032 (C)
  90,000     89,684
Bertrand Franchise Finance SAS
5.988%, (3 month EURIBOR + 3.750%), 07/18/2030 (E)
EUR 100,000     114,233
Clarios Global LP
4.750%, 06/15/2031
  100,000     115,592
NCL Corp., Ltd.          
6.250%, 03/01/2030 (C) $ 50,000     49,879
6.250%, 09/15/2033 (C)   18,000     17,481
6.750%, 02/01/2032 (C)   100,000     99,775
Penn Entertainment, Inc.
4.125%, 07/01/2029 (C)
  85,000     81,498
Petco Health & Wellness Company, Inc.
8.250%, 02/01/2031 (C)
  167,000     168,305
Six Flags Entertainment Corp.
8.625%, 01/15/2032 (C)
  100,000     102,968
Specialty Building Products Holdings LLC
7.750%, 10/15/2029 (C)
  140,000     128,794
Staples, Inc.
10.750%, 09/01/2029 (C)
  107,000     102,072
The Goodyear Tire & Rubber Company          
6.625%, 07/15/2030   14,000     13,521
8.875%, 07/15/2032   70,000     70,608
Wayfair LLC          
7.125%, 05/31/2034 (C)   19,000     19,535
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
Wayfair LLC (continued)          
7.250%, 10/31/2029 (C) $ 100,000   $ 103,206
          1,498,463
Consumer staples – 1.2%          
Bacardi, Ltd.
5.400%, 06/15/2033 (C)
  100,000     100,161
Bellis Acquisition Company PLC
8.125%, 05/14/2030
GBP 100,000     124,615
Chobani LLC
6.375%, 04/15/2034 (C)
$ 31,000     31,462
Imperial Brands Finance PLC
5.500%, 07/07/2036 (C)
  200,000     198,757
Industrial F&B Investments III, Inc.
7.750%, 02/11/2033 (C)
  80,000     81,531
JBS NV          
5.625%, 03/10/2037 (C)   25,000     24,896
6.250%, 03/01/2056   30,000     29,386
6.375%, 04/15/2066   290,000     284,637
Keurig Dr. Pepper, Inc.          
2.250%, 03/15/2031   102,000     90,670
3.200%, 05/01/2030   17,000     15,992
3.950%, 04/15/2029   30,000     29,375
4.050%, 04/15/2032   95,000     90,145
5.200%, 03/15/2031   74,000     74,730
5.300%, 03/15/2034 (D)   55,000     55,140
Mars, Inc.          
4.800%, 03/01/2030 (C)   75,000     75,223
5.200%, 03/01/2035 (C)   90,000     90,358
5.650%, 05/01/2045 (C)   415,000     412,356
Performance Food Group, Inc.
4.250%, 08/01/2029 (C)
  110,000     106,773
Philip Morris International, Inc.          
4.750%, 11/01/2031   125,000     125,408
5.125%, 02/15/2030   210,000     213,183
5.125%, 02/13/2031   60,000     61,102
5.375%, 02/15/2033   85,000     87,248
The Campbell's Company
5.400%, 03/21/2034
  140,000     137,913
          2,541,061
Energy – 1.7%          
Buckeye Partners LP          
5.850%, 11/15/2043   30,000     27,508
6.750%, 02/01/2030 (C)   70,000     72,296
Columbia Pipelines Holding
Company LLC
         
4.999%, 11/17/2032 (C)   110,000     108,782
5.097%, 10/01/2031 (C)   41,000     41,039
Columbia Pipelines Operating Company LLC
5.507%, 05/15/2036 (C)
  15,000     15,060
ConocoPhillips Company          
3.800%, 03/15/2052   42,000     30,821
4.025%, 03/15/2062   35,000     25,499
5.650%, 01/15/2065   15,000     14,443
5.700%, 09/15/2063   45,000     43,672
Diamondback Energy, Inc.          
5.400%, 04/18/2034   130,000     131,863
5.900%, 04/18/2064   80,000     78,037
Ecopetrol SA
7.750%, 02/01/2032
  175,000     183,236
Enbridge, Inc.
5.450%, 03/27/2036
  85,000     85,911
Eni SpA
5.250%, 05/18/2036 (C)
  200,000     196,685
 
The accompanying notes are an integral part of the financial statements. 43  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Galaxy Pipeline Assets Bidco, Ltd.
2.940%, 09/30/2040 (C)
$ 169,782   $ 140,842
Green Palm Bidco Sarl
5.957%, 06/30/2041 (C)
  200,000     202,116
Hess Midstream Operations LP          
4.250%, 02/15/2030 (C)   200,000     192,924
6.500%, 06/01/2029 (C)   135,000     137,759
Matador Resources Company
6.500%, 04/15/2032 (C)
  100,000     100,546
MPLX LP          
5.000%, 01/15/2033   120,000     119,212
5.500%, 06/01/2034   255,000     257,806
Northriver Midstream Finance LP
6.750%, 07/15/2032 (C)
  100,000     101,269
ONEOK, Inc.          
3.100%, 03/15/2030   10,000     9,427
4.750%, 10/15/2031   25,000     24,712
5.050%, 11/01/2034   100,000     97,809
5.400%, 10/15/2035   35,000     34,940
6.050%, 09/01/2033   85,000     88,976
6.100%, 11/15/2032   30,000     31,536
7.150%, 01/15/2051   10,000     11,086
Petroleos Mexicanos          
5.950%, 01/28/2031   275,000     271,804
6.350%, 02/12/2048   230,000     189,572
Rockies Express Pipeline LLC
6.750%, 03/15/2033 (C)
  100,000     102,791
SM Energy Company
6.750%, 08/01/2029 (C)
  100,000     101,822
Talos Production, Inc.
9.000%, 02/01/2029 (C)
  81,000     84,393
The Williams Companies, Inc.          
5.150%, 03/15/2036   90,000     88,458
5.650%, 03/15/2033   30,000     30,884
USA Compression Partners LP
6.250%, 10/01/2033 (C)
  50,000     49,571
Venture Global Plaquemines LNG LLC
7.500%, 05/01/2033 (C)
  100,000     109,751
          3,634,858
Financials – 3.9%          
Acrisure LLC
7.500%, 11/06/2030 (C)
  120,000     113,812
Alliant Holdings Intermediate LLC          
7.000%, 01/15/2031 (C)   100,000     101,626
7.375%, 10/01/2032 (C)   42,000     41,687
Ares Strategic Income Fund
5.550%, 04/15/2031
  105,000     101,886
Asurion LLC          
8.000%, 12/31/2032 (C)   82,000     82,620
8.375%, 02/01/2034 (C)   30,000     27,770
Athene Global Funding          
2.550%, 11/19/2030 (C)   89,000     79,424
5.526%, 07/11/2031 (C)   25,000     25,212
Athene Holding, Ltd.
5.875%, 01/15/2034
  95,000     96,054
Augusta SpinCo Corp.          
4.656%, 03/23/2031   130,000     129,008
4.945%, 03/23/2033   70,000     69,570
Bank of America Corp.          
1.898%, (1.898% to 7-23-30, then Overnight SOFR + 1.530%), 07/23/2031   55,000     49,055
1.922%, (1.922% to 10-24-30, then Overnight SOFR + 1.370%), 10/24/2031   85,000     75,423
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Bank of America Corp. (continued)          
2.972%, (2.972% to 2-4-32, then Overnight SOFR + 1.330%), 02/04/2033 $ 65,000   $ 58,672
4.376%, (4.376% to 4-27-27, then Overnight SOFR + 1.580%), 04/27/2028   40,000     39,958
Bank of Montreal
5.298%, (5.298% to 6-2-36, then Overnight SOFR + 1.208%), 06/02/2037
  125,000     125,119
Blackstone Private Credit Fund          
5.950%, 07/16/2029   40,000     40,015
5.950%, 05/15/2031   45,000     44,301
CaixaBank SA
5.402%, (5.402% to 4-22-36, then Overnight SOFR + 1.530%), 04/22/2037 (C)
  220,000     217,822
CrossCountry Intermediate HoldCo LLC
6.500%, 10/01/2030 (C)
  100,000     98,563
Equitable America Global Funding
4.700%, 09/15/2032 (C)
  60,000     58,791
First Eagle Holdings, Inc.
7.250%, 08/15/2032 (C)
  145,000     145,964
Fortitude Global Funding
5.500%, 06/12/2031 (C)
  145,000     145,721
Freedom Mortgage Holdings LLC          
7.875%, 04/01/2033 (C)   50,000     48,761
9.250%, 02/01/2029 (C)   50,000     51,669
GA Global Funding Trust
5.200%, 12/09/2031 (C)
  150,000     148,209
Global Atlantic Fin Company          
3.125%, 06/15/2031 (C)   90,000     80,737
7.950%, 06/15/2033 (C)   5,000     5,532
Globe Life, Inc.
4.800%, 06/15/2032
  145,000     142,882
goeasy, Ltd.
6.875%, 02/15/2031 (C)(D)
  60,000     53,063
HA Sustainable Infrastructure Capital, Inc.
5.950%, 07/15/2033 (C)
  230,000     230,979
HPS Corporate Lending Fund          
5.450%, 11/15/2030   35,000     33,835
5.650%, 04/02/2031 (C)   195,000     189,265
5.850%, 06/05/2030   115,000     113,375
6.300%, 08/19/2031 (C)   30,000     29,925
HSBC Holdings PLC          
4.619%, (4.619% to 11-6-30, then Overnight SOFR + 1.190%), 11/06/2031   200,000     197,159
4.675%, (4.675% to 3-10-31, then Overnight SOFR + 1.210%), 03/10/2032   200,000     197,250
5.208%, (5.208% to 5-12-33, then Overnight SOFR + 1.320%), 05/12/2034   200,000     199,287
JPMorgan Chase & Co.          
2.545%, (2.545% to 11-8-31, then Overnight SOFR + 1.180%), 11/08/2032   75,000     66,700
2.580%, (2.580% to 4-22-31, then 3 month CME Term SOFR + 1.250%), 04/22/2032   40,000     36,050
 
The accompanying notes are an integral part of the financial statements. 44  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
JPMorgan Chase & Co. (continued)          
3.702%, (3.702% to 5-6-29, then 3 month CME Term SOFR + 1.422%), 05/06/2030 $ 65,000   $ 63,214
4.255%, (4.255% to 10-22-30, then Overnight SOFR + 0.930%), 10/22/2031   195,000     190,632
4.505%, (4.505% to 10-22-27, then Overnight SOFR + 0.860%), 10/22/2028   185,000     184,945
4.946%, (4.946% to 10-22-34, then Overnight SOFR + 1.340%), 10/22/2035   30,000     29,602
4.995%, (4.995% to 7-22-29, then Overnight SOFR + 1.125%), 07/22/2030   185,000     186,253
5.103%, (5.103% to 4-22-30, then Overnight SOFR + 1.435%), 04/22/2031   220,000     222,484
5.299%, (5.299% to 7-24-28, then Overnight SOFR + 1.450%), 07/24/2029   175,000     177,279
5.336%, (5.336% to 1-23-34, then Overnight SOFR + 1.620%), 01/23/2035   130,000     131,941
Metro Bank Holdings PLC
12.000%, (12.000% to 4-30-28, then 1 Year United Kingdom GILT Rate + 7.814%), 04/30/2029
GBP 100,000     145,894
Morgan Stanley          
1.928%, (1.928% to 4-28-31, then Overnight SOFR + 1.020%), 04/28/2032 $ 200,000     173,891
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032   85,000     74,567
4.210%, (4.210% to 4-20-27, then Overnight SOFR + 1.610%), 04/20/2028   105,000     104,782
4.238%, (4.238% to 1-9-29, then Overnight SOFR + 0.800%), 01/09/2030   160,000     157,910
4.809%, (4.809% to 4-16-31, then SOFR Compounded Index + 1.180%), 04/16/2032   85,000     84,339
5.230%, (5.230% to 1-15-30, then Overnight SOFR + 1.108%), 01/15/2031   50,000     50,564
5.296%, (5.296% to 4-10-36, then SOFR Compounded Index + 1.410%), 04/10/2037   65,000     64,677
5.449%, (5.449% to 7-20-28, then Overnight SOFR + 1.630%), 07/20/2029   55,000     55,728
5.466%, (5.466% to 1-18-34, then Overnight SOFR + 1.730%), 01/18/2035   45,000     45,683
5.656%, (5.656% to 4-18-29, then Overnight SOFR + 1.260%), 04/18/2030   160,000     163,442
5.831%, (5.831% to 4-19-34, then Overnight SOFR + 1.580%), 04/19/2035   90,000     93,372
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Morgan Stanley Private Bank NA
4.213%, (4.213% to 2-8-29, then Overnight SOFR + 0.762%), 02/08/2030
$ 265,000   $ 261,539
Principal Financial Group, Inc.
5.300%, 01/15/2037
  80,000     79,246
Sammons Financial Group Global Funding
5.100%, 06/22/2031 (C)
  50,000     49,792
Stonebriar ABF Issuer LLC
7.000%, 08/15/2031 (C)
  75,000     74,989
Synchrony Financial          
2.875%, 10/28/2031   85,000     75,003
4.947%, (4.947% to 2-25-31, then Overnight SOFR + 1.530%), 02/25/2032   130,000     126,730
5.450%, (5.450% to 3-6-30, then Overnight SOFR + 1.680%), 03/06/2031   80,000     79,979
6.000%, (6.000% to 7-29-35, then Overnight SOFR + 2.070%), 07/29/2036   115,000     115,536
The Goldman Sachs Group, Inc.          
2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032   20,000     17,962
4.482%, (4.482% to 8-23-27, then Overnight SOFR + 1.725%), 08/23/2028   15,000     14,986
4.692%, (4.692% to 10-23-29, then Overnight SOFR + 1.135%), 10/23/2030   190,000     189,099
4.972%, (4.972% to 6-3-31, then Overnight SOFR + 1.030%), 06/03/2032   160,000     159,908
5.016%, (5.016% to 10-23-34, then Overnight SOFR + 1.420%), 10/23/2035   55,000     54,025
5.049%, (5.049% to 7-23-29, then Overnight SOFR + 1.210%), 07/23/2030   100,000     100,586
5.065%, (5.065% to 1-21-36, then Overnight SOFR + 1.190%), 01/21/2037   45,000     43,936
5.094%, (5.094% to 4-20-33, then Overnight SOFR + 1.340%), 04/20/2034   505,000     502,974
5.218%, (5.218% to 4-23-30, then Overnight SOFR + 1.580%), 04/23/2031   65,000     65,648
          8,205,888
Health care – 0.8%          
Acadia Healthcare Company, Inc.          
5.000%, 04/15/2029 (C)   25,000     24,610
7.375%, 03/15/2033 (C)(D)   100,000     102,942
AthenaHealth Group, Inc.
6.500%, 02/15/2030 (C)
  128,000     122,729
Avantor Funding, Inc.
3.875%, 11/01/2029 (C)
  130,000     124,109
Baxter International, Inc.          
2.539%, 02/01/2032   175,000     150,640
4.900%, 12/15/2030   80,000     79,409
Cardinal Health, Inc.          
4.500%, 09/15/2030   100,000     99,172
5.000%, 11/15/2029   205,000     206,998
 
The accompanying notes are an integral part of the financial statements. 45  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
Cardinal Health, Inc. (continued)          
5.350%, 11/15/2034 $ 50,000   $ 50,589
Cencora, Inc.
5.125%, 02/15/2034
  30,000     30,106
Community Health Systems, Inc.          
4.750%, 02/15/2031 (C)   19,000     17,479
6.875%, 04/15/2029 (C)   30,000     29,508
9.750%, 01/15/2034 (C)   42,000     43,851
10.875%, 01/15/2032 (C)   15,000     16,154
HCA, Inc.          
3.625%, 03/15/2032   35,000     32,580
5.450%, 09/15/2034   45,000     45,483
5.600%, 04/01/2034   20,000     20,422
Humana, Inc.
5.950%, 03/15/2034
  62,000     64,179
Star Parent, Inc.
9.000%, 10/01/2030 (C)
  100,000     104,655
Thermo Fisher Scientific, Inc.
4.473%, 10/07/2032
  152,000     149,583
Viatris, Inc.          
3.850%, 06/22/2040   140,000     110,081
4.000%, 06/22/2050   65,000     44,620
          1,669,899
Industrials – 0.5%          
Allied Universal Holdco LLC
7.875%, 02/15/2031 (C)
  100,000     104,538
CompoSecure Holdings LLC
5.625%, 02/01/2033 (C)
  145,000     141,543
CP Atlas Buyer, Inc.          
9.750%, 07/15/2030 (C)(D)   70,000     67,212
12.750%, (7.000% Cash and 5.750% PIK), 01/15/2031 (C)(D)   25,666     19,715
Element Fleet Management Corp.
4.641%, 11/24/2030 (C)
  145,000     143,207
Hubbell, Inc.          
4.650%, 06/15/2031   25,000     24,901
4.900%, 06/15/2033   90,000     89,324
LBM Acquisition LLC
9.500%, 06/15/2031 (C)
  60,000     53,203
The Boeing Company          
2.950%, 02/01/2030   45,000     42,339
3.200%, 03/01/2029   35,000     33,743
5.150%, 05/01/2030   130,000     131,585
5.705%, 05/01/2040   26,000     26,438
6.388%, 05/01/2031   50,000     53,127
Veralto Corp.
4.850%, 01/15/2032
  40,000     39,936
Wabtec Corp.
4.900%, 05/29/2030
  130,000     130,819
          1,101,630
Information technology – 1.7%          
Beacon Point DC LLC
6.129%, 11/30/2042 (C)
  125,000     126,074
Broadcom, Inc.          
3.469%, 04/15/2034   165,000     148,168
5.200%, 07/15/2035   115,000     115,387
Cloud Software Group, Inc.          
6.500%, 03/31/2029 (C)   52,000     50,455
6.625%, 08/15/2033 (C)   18,000     15,606
9.000%, 09/30/2029 (C)   52,000     50,473
EchoStar Corp.
6.750%, 11/30/2030
  100,000     101,660
Foundry JV Holdco LLC
5.900%, 01/25/2033 (C)
  200,000     208,450
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
Great Canadian Gaming Corp.
8.750%, 11/15/2029 (C)
$ 103,000   $ 103,050
HUT 8 DC LLC
6.192%, 11/15/2042 (C)
  45,000     45,580
Ingram Micro, Inc.
4.750%, 05/15/2029 (C)
  100,000     98,211
Intel Corp.          
3.100%, 02/15/2060   60,000     34,249
3.250%, 11/15/2049   96,000     62,505
3.734%, 12/08/2047   325,000     233,977
4.750%, 03/25/2050   10,000     8,308
5.300%, 05/15/2036   15,000     14,925
McAfee Corp.
7.375%, 02/15/2030 (C)
  135,000     114,715
NVIDIA Corp.
5.550%, 06/15/2046
  220,000     218,366
Open Text Corp.
3.875%, 12/01/2029 (C)
  155,000     142,514
Oracle Corp.          
3.600%, 04/01/2040   104,000     75,833
3.600%, 04/01/2050   175,000     106,420
3.650%, 03/25/2041   18,000     12,926
3.850%, 04/01/2060   175,000     102,776
3.950%, 03/25/2051   115,000     73,575
4.100%, 03/25/2061   30,000     18,350
4.300%, 07/08/2034   53,000     47,303
4.700%, 09/27/2034   40,000     36,649
4.800%, 09/26/2032   415,000     394,877
4.900%, 02/06/2033   10,000     9,481
5.350%, 05/04/2033   160,000     155,420
5.500%, 09/27/2064   45,000     34,802
5.875%, 09/26/2045   48,000     42,018
6.000%, 08/03/2055   55,000     46,827
6.100%, 09/26/2065   80,000     66,931
6.850%, 02/04/2066   105,000     97,733
Qorvo, Inc.
3.375%, 04/01/2031 (C)
  180,000     164,413
Rocket Software, Inc.          
6.500%, 02/15/2029 (C)   69,000     62,132
9.000%, 11/28/2028 (C)   108,000     107,355
WULF Compute LLC
7.750%, 10/15/2030 (C)
  55,000     57,769
          3,606,263
Materials – 0.7%          
Bond US Bidco 1, Inc.
7.125%, 06/15/2033 (C)
  200,000     201,945
Celanese US Holdings LLC          
6.500%, 04/15/2030   100,000     101,913
7.000%, 02/15/2031   10,000     10,293
7.375%, 02/15/2034   25,000     25,828
Clydesdale Acquisition Holdings, Inc.          
6.625%, 04/15/2029 (C)   55,000     54,931
8.750%, 04/15/2030 (C)   75,000     73,981
FMC Corp.
8.000%, 06/01/2031 (C)
  45,000     46,836
Glencore Funding LLC          
5.634%, 04/04/2034 (C)   40,000     41,053
6.375%, 10/06/2030 (C)   155,000     163,392
Itelyum Regeneration SpA
5.750%, 04/15/2030
EUR 100,000     115,842
JH North America Holdings, Inc.
6.125%, 07/31/2032 (C)
$ 75,000     75,622
Kaiser Aluminum Corp.          
4.500%, 06/01/2031 (C)   50,000     47,865
5.875%, 03/01/2034 (C)   55,000     54,428
 
The accompanying notes are an integral part of the financial statements. 46  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Materials (continued)          
Mauser Packaging Solutions Holding Company
9.250%, 04/15/2030 (C)
$ 100,000   $ 98,380
Southern Copper Corp.
5.350%, 06/24/2036
  150,000     149,175
Tronox, Inc.
4.625%, 03/15/2029 (C)
  105,000     73,505
          1,334,989
Real estate – 0.4%          
American Assets Trust LP
3.375%, 02/01/2031
  69,000     63,072
Hudson Pacific Properties LP          
4.650%, 04/01/2029 (D)   57,000     53,992
5.950%, 02/15/2028   55,000     54,458
Kilroy Realty LP          
3.050%, 02/15/2030   50,000     46,185
5.875%, 10/15/2035   285,000     281,688
Outfront Media Capital LLC
7.375%, 02/15/2031 (C)
  100,000     103,991
Prologis Targeted U.S. Logistics
Fund LP
         
4.250%, 01/15/2031 (C)   60,000     58,470
4.750%, 01/15/2036 (C)   130,000     124,658
          786,514
Utilities – 3.2%          
Alabama Power Company          
3.450%, 10/01/2049   75,000     53,201
4.150%, 08/15/2044   60,000     49,705
Arizona Public Service Company
5.700%, 08/15/2034
  65,000     67,157
Atmos Energy Corp.
4.750%, 01/15/2032
  180,000     179,431
Chpe LLC
5.100%, 06/30/2033 (C)
  225,000     224,408
Clearway Energy Operating LLC          
3.750%, 02/15/2031 (C)   60,000     55,651
4.750%, 03/15/2028 (C)   55,000     54,495
5.750%, 01/15/2034 (C)   10,000     9,805
Cleco Corporate Holdings LLC
3.375%, 09/15/2029
  90,000     84,670
Consolidated Edison Company of New
York, Inc.
         
3.200%, 12/01/2051   120,000     78,914
5.500%, 03/15/2055   40,000     38,127
5.750%, 11/15/2055   50,000     49,312
5.875%, 06/15/2056   120,000     120,634
Duke Energy Carolinas LLC
5.150%, 06/15/2036
  160,000     160,162
Duke Energy Corp.          
2.550%, 06/15/2031   95,000     85,658
3.300%, 06/15/2041   50,000     38,153
4.950%, 09/15/2035   35,000     34,251
5.450%, 06/15/2034   5,000     5,107
Duke Energy Florida LLC
1.750%, 06/15/2030
  115,000     103,106
Duke Energy Indiana LLC          
2.750%, 04/01/2050   80,000     49,157
3.250%, 10/01/2049   105,000     71,507
Duke Energy Progress LLC
3.700%, 10/15/2046
  125,000     94,551
Edison International          
4.800%, 03/15/2031   120,000     116,745
5.250%, 03/15/2032   36,000     35,509
6.250%, 03/15/2030   150,000     154,075
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
Eversource Energy          
4.450%, 12/15/2030 $ 135,000   $ 132,678
5.125%, 05/15/2033   70,000     70,034
Georgia Power Company          
4.300%, 03/15/2042   75,000     65,136
4.850%, 03/15/2031   160,000     161,008
NextEra Energy Capital Holdings, Inc.          
6.200%, (6.200% to 10-1-36, then 5 Year CMT + 1.765%), 10/01/2056   205,000     204,802
6.625%, (6.625% to 10-1-46, then 5 Year CMT + 1.685%), 10/01/2066   255,000     258,926
NiSource, Inc.
5.300%, 05/18/2036
  40,000     40,027
Pacific Gas & Electric Company          
2.500%, 02/01/2031   270,000     242,237
3.300%, 08/01/2040   40,000     29,984
4.300%, 03/15/2045   48,000     37,761
4.600%, 06/15/2043   20,000     16,596
4.750%, 02/15/2044   40,000     33,870
5.050%, 10/15/2032   50,000     49,694
5.700%, 03/01/2035   70,000     70,731
5.800%, 05/15/2034   175,000     178,890
5.900%, 06/15/2032   25,000     25,856
5.900%, 10/01/2054   15,000     14,166
6.150%, 01/15/2033   105,000     109,694
6.300%, 08/15/2056   30,000     29,879
6.700%, 04/01/2053   35,000     36,407
6.750%, 01/15/2053   95,000     99,743
6.950%, 03/15/2034   50,000     54,525
PacifiCorp          
5.100%, 04/15/2031   15,000     15,138
5.450%, 04/15/2033   90,000     91,362
5.800%, 04/15/2036   35,000     35,877
7.125%, (7.125% to 8-15-31, then 5 Year CMT + 3.292%), 08/15/2056   101,000     100,322
PG&E Corp.
6.850%, (6.850% to 9-15-31, then 5 Year CMT + 3.225%), 09/15/2056
  85,000     84,698
Pinnacle West Capital Corp.          
4.900%, 05/15/2028   131,000     131,462
5.150%, 05/15/2030   115,000     116,525
Public Service Company of Oklahoma
5.200%, 01/15/2035
  180,000     179,218
Public Service Enterprise Group, Inc.
6.125%, 10/15/2033
  50,000     52,920
Puget Energy, Inc.
5.725%, 03/15/2035
  85,000     85,541
Southern California Edison Company          
3.650%, 02/01/2050   35,000     24,215
3.900%, 03/15/2043   10,000     7,666
4.000%, 04/01/2047   84,000     62,622
4.125%, 03/01/2048   145,000     109,132
4.650%, 10/01/2043   20,000     16,923
5.150%, 06/01/2029   105,000     106,108
5.450%, 06/01/2052   96,000     85,762
5.700%, 03/01/2053   81,000     74,757
5.875%, 12/01/2053   50,000     47,466
5.900%, 03/01/2055   10,000     9,547
6.200%, 09/15/2055   10,000     9,942
Southern California Gas Company
6.000%, 06/15/2055
  145,000     146,968
Southern Company Gas Capital Corp.
5.100%, 09/15/2035
  65,000     64,429
Southern Power Company          
4.800%, 06/15/2031   110,000     109,690
 
The accompanying notes are an integral part of the financial statements. 47  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
Southern Power Company (continued)          
4.900%, 10/01/2035 $ 60,000   $ 58,211
Southwestern Electric Power Company          
5.200%, 04/01/2036   40,000     39,472
5.900%, 04/01/2056   30,000     29,625
Southwestern Public Service Company
5.300%, 08/15/2036
  120,000     119,680
Virginia Electric & Power Company          
2.450%, 12/15/2050   43,000     24,627
4.200%, 05/15/2045   10,000     8,235
4.950%, 03/15/2036   350,000     342,575
WEC Energy Group, Inc.
4.750%, 01/15/2028
  130,000     130,321
Xcel Energy, Inc.          
4.750%, 03/21/2028   75,000     75,212
5.600%, 04/15/2035   70,000     71,316
XPLR Infrastructure Operating Partners LP
7.250%, 01/15/2029 (C)
  100,000     103,474
          6,747,173
TOTAL CORPORATE BONDS (Cost $35,583,216)     $ 35,408,055
CONVERTIBLE BONDS – 0.1%      
Financials – 0.1%          
Mitsubishi UFJ Investor Services & Banking Luxembourg SA
6.704%, (3 month EURIBOR + 4.500%), 12/15/2050 (E)
EUR 100,000     79,703
TOTAL CONVERTIBLE BONDS (Cost $75,039)     $ 79,703
MUNICIPAL BONDS – 0.1%          
Chicago Board of Education (Illinois), GO
6.319%, 11/01/2029
$ 120,000     117,402
TOTAL MUNICIPAL BONDS (Cost $119,554)   $ 117,402
TERM LOANS (F) – 0.8%      
Communication services – 0.7%          
Charter Communications Operating LLC, 2023 Term Loan B4 (3 month CME Term SOFR + 2.000%) 5.692%, 12/07/2030   528,900     521,829
Discovery Global Holdings, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 06/03/2033   1,025,192     1,025,100
          1,546,929
Consumer discretionary – 0.1%          
Caesars Entertainment, Inc., Term Loan B 02/06/2030 TBD (G)   200,000     192,938
TOTAL TERM LOANS (Cost $1,734,022)   $ 1,739,867
COLLATERALIZED MORTGAGE OBLIGATIONS – 17.4%      
Commercial and residential – 13.4%          
280 Park Avenue Mortgage Trust
Series 2017-280P, Class E (1 month CME Term SOFR + 2.419%)
6.031%, 09/15/2034 (C)(E)
  214,000     212,796
Angel Oak Mortgage Trust LLC          
Series 2020-R1, Class A1,
0.990%, 04/25/2053 (C)(H)
  38,916     37,592
Series 2021-2, Class A1,
0.985%, 04/25/2066 (C)(H)
  93,063     80,289
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Angel Oak Mortgage
Trust LLC (continued)
         
Series 2021-4, Class A2,
1.241%, 01/20/2065 (C)(H)
$ 87,910   $ 74,545
Series 2021-5, Class A1,
0.951%, 07/25/2066 (C)(H)
  203,798     176,813
Series 2021-6, Class A1,
1.458%, 09/25/2066 (C)(H)
  350,132     293,457
Series 2021-8, Class A1,
1.820%, 11/25/2066 (C)(H)
  155,972     139,648
Series 2022-2, Class A1,
4.076%, 01/25/2067 (C)(H)
  47,575     44,898
Arroyo Mortgage Trust
Series 2019-2, Class A1
3.347%, 04/25/2049 (C)(H)
  69,780     67,705
BANK          
Series 2017-BNK8, Class XA IO,
0.839%, 11/15/2050
  3,558,865     20,859
Series 2019-BN18, Class XA IO,
1.024%, 05/15/2062
  1,346,650     29,759
Series 2019-BN20, Class XA IO,
0.922%, 09/15/2062
  2,136,080     46,356
Series 2019-BN22, Class XA IO,
0.694%, 11/15/2062
  2,370,416     40,217
Series 2019-BN23, Class XA IO,
0.798%, 12/15/2052
  1,880,453     36,061
Series 2019-BN24, Class XA IO,
0.749%, 11/15/2062
  1,149,954     22,124
Series 2020-BN28, Class XA IO,
1.875%, 03/15/2063
  2,482,266     147,064
Series 2023-BNK45, Class XA IO,
1.281%, 02/15/2056
  882,453     45,693
BANK5
Series 2026-5YR20, Class B
5.535%, 02/15/2059
  278,000     278,554
BBCMS Mortgage Trust          
Series 2017-C1, Class XA IO,
1.603%, 02/15/2050
  2,479,472     4,950
Series 2022-C15, Class A5,
3.662%, 04/15/2055 (H)
  110,000     100,917
Series 2024-C24, Class XA IO,
1.863%, 02/15/2057
  990,207     84,961
Series 2025-5C34, Class AS,
5.990%, 05/15/2058 (H)
  175,000     178,984
Series 2025-C32, Class XA IO,
1.343%, 02/15/2062
  989,766     75,724
Series 2026-5C40, Class B,
5.780%, 02/15/2059 (H)
  70,000     70,657
Series 2026-5C42, Class AS,
5.902%, 06/15/2059
  140,000     143,970
Benchmark Mortgage Trust          
Series 2018-B1, Class XA IO,
0.640%, 01/15/2051
  771,084     5,324
Series 2018-B4, Class XA IO,
0.610%, 07/15/2051
  1,965,834     17,067
Series 2018-B8, Class XA IO,
0.771%, 01/15/2052
  4,254,896     47,942
Series 2019-B10, Class XA IO,
1.378%, 03/15/2062
  2,597,917     72,391
Series 2019-B12, Class XA IO,
1.131%, 08/15/2052
  906,484     19,648
Series 2019-B15, Class A5,
2.928%, 12/15/2072
  565,000     526,524
 
The accompanying notes are an integral part of the financial statements. 48  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Benchmark Mortgage Trust (continued)          
Series 2020-B18, Class XA IO,
1.874%, 07/15/2053
$ 528,778   $ 25,397
Series 2020-B22, Class XA IO,
1.602%, 01/15/2054
  1,138,676     60,463
Series 2026-V20, Class B,
5.687%, 02/15/2059 (H)
  85,000     85,550
BINOM Mortgage Loan Trust
Series 2026-NQM1, Class A1
5.060%, 02/25/2066 (C)(H)
  175,471     173,953
BINOM Securitization Trust
Series 2021-INV1, Class A1
2.034%, 06/25/2056 (C)(H)
  92,503     84,588
BOCA Commercial Mortgage Trust
Series 2025-BOCA, Class B (1 month CME Term SOFR + 1.900%)
5.525%, 12/15/2042 (C)(E)
  245,000     245,459
BOS Trust
Series 2026-LYRK, Class B
5.643%, 05/11/2041 (C)(H)
  230,000     228,250
BPR Trust
Series 2024-PMDW, Class B
5.850%, 11/05/2041 (C)(H)
  100,000     101,144
BRAVO Residential Funding Trust
Series 2021-NQM1, Class A1
0.941%, 02/25/2049 (C)(H)
  38,646     36,661
Bridge Commercial Mortgage Trust
Series 2026-MF, Class B (1 month CME Term SOFR + 1.600%)
5.200%, 06/15/2039 (C)(E)
  100,000     100,250
BSTN Commercial Mortgage Trust
Series 2025-HUB, Class A
5.062%, 04/13/2041 (C)(H)
  100,000     99,102
BX Commercial Mortgage Trust          
Series 2026-ALOHA, Class B (1 month CME Term SOFR + 1.550%),
5.175%, 04/15/2043 (C)(E)
  595,000     595,000
Series 2026-CSMO, Class B (1 month CME Term SOFR + 1.700%),
5.325%, 02/15/2043 (C)(E)
  250,000     251,719
Series 2026-LP3, Class B (1 month CME Term SOFR + 1.550%),
5.175%, 04/15/2043 (C)(E)
  331,855     333,099
BX Trust          
Series 2025-ARIA, Class B,
5.350%, 12/13/2042 (C)(H)
  145,000     144,700
Series 2026-CART, Class B (1 month CME Term SOFR + 1.350%),
4.975%, 02/15/2036 (C)(E)
  120,000     119,850
Series 2026-CIP, Class B (1 month CME Term SOFR + 1.450%),
5.075%, 05/15/2038 (C)(E)
  100,000     100,312
Series 2026-CIP, Class C (1 month CME Term SOFR + 1.650%),
5.275%, 05/15/2038 (C)(E)
  100,000     100,313
Series 2026-CLS, Class A (1 month CME Term SOFR + 1.400%),
5.025%, 05/15/2043 (C)(E)
  265,000     265,248
Series 2026-ORBT, Class B (1 month CME Term SOFR + 1.550%),
5.219%, 07/15/2043 (C)(E)
  100,000     100,000
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
BX Trust (continued)          
Series 2026-RISE, Class B (1 month CME Term SOFR + 1.450%),
5.075%, 04/15/2041 (C)(E)
$ 100,000   $ 100,156
Citigroup Commercial Mortgage Trust
Series 2016-C3, Class C
4.104%, 11/15/2049 (H)
  288,000     253,843
COLT Mortgage Loan Trust          
Series 2021-3, Class A1,
0.956%, 09/27/2066 (C)(H)
  431,533     359,620
Series 2026-1, Class A1,
4.758%, 02/25/2071 (C)(H)
  114,975     113,464
Series 2026-1, Class A3 (5.112% to 2-1-30, then 6.112% thereafter),
5.112%, 02/25/2071 (C)
  97,436     96,087
Commercial Mortgage Trust (Deutsche
Bank AG)
         
Series 2022-HC, Class A,
2.819%, 01/10/2039 (C)
  100,000     97,833
Series 2022-HC, Class D,
4.084%, 01/10/2039 (C)(H)
  100,000     96,567
Series 2024-CBM, Class B,
6.511%, 12/10/2041 (C)(H)
  137,000     138,083
Credit Suisse Mortgage
Capital Certificates
         
Series 2017-FHA1, Class A1,
3.250%, 04/25/2047 (C)(H)
  103,466     96,941
Series 2021-NQM8, Class A1,
2.841%, 10/25/2066 (C)(H)
  173,829     157,370
Series 2021-RPL4, Class A1,
4.148%, 12/27/2060 (C)(H)
  101,447     101,116
Series 2022-NQM1, Class A1,
3.265%, 11/25/2066 (C)(H)
  454,909     412,564
CSAIL Commercial Mortgage Trust
Series 2016-C6, Class XA IO
1.539%, 01/15/2049
  20,350     1
DBJPM Mortgage Trust
Series 2020-C9, Class XA IO
1.697%, 09/15/2053
  406,755     15,081
DC Trust          
Series 2024-HLTN, Class A,
5.933%, 04/13/2040 (C)(H)
  90,000     90,034
Series 2024-HLTN, Class C,
7.286%, 04/13/2040 (C)(H)
  45,000     44,543
Deephaven Residential Mortgage Trust
Series 2021-2, Class A1
0.899%, 04/25/2066 (C)(H)
  58,143     51,734
Ellington Financial Mortgage Trust          
Series 2021-2, Class A1,
0.931%, 06/25/2066 (C)(H)
  64,688     54,880
Series 2022-1, Class A1,
2.206%, 01/25/2067 (C)(H)
  199,584     175,771
Series 2025-INV5, Class A3 (5.381% to 11-1-29, then 6.381% thereafter),
5.381%, 12/25/2070 (C)
  136,717     135,489
Extended Stay America Trust          
Series 2026-ESH2, Class B (1 month CME Term SOFR + 1.400%),
5.025%, 02/15/2043 (C)(E)
  252,969     253,759
Series 2026-ESH2, Class E (1 month CME Term SOFR + 2.900%),
6.525%, 02/15/2043 (C)(E)
  98,377     99,374
 
The accompanying notes are an integral part of the financial statements. 49  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
FS Trust
Series 2026-PALM, Class B (1 month CME Term SOFR + 1.700%)
5.350%, 07/15/2041 (C)(E)
$ 100,000   $ 99,781
GCAT Trust          
Series 2021-NQM3, Class A1,
1.091%, 05/25/2066 (C)(H)
  159,272     139,515
Series 2021-NQM7, Class A1,
1.915%, 08/25/2066 (C)(H)
  99,994     92,856
Series 2022-HX1, Class A1,
2.885%, 12/27/2066 (C)(H)
  301,792     274,743
GS Mortgage Securities Trust
Series 2024-70P, Class B
5.887%, 03/10/2041 (C)(H)
  295,000     293,463
GS Mortgage-Backed Securities Trust          
Series 2026-NQM1, Class A1,
4.869%, 03/25/2066 (C)(H)
  128,394     126,655
Series 2026-NQM1, Class A3 (5.225% to 1-1-30, then 6.225% thereafter),
5.225%, 03/25/2066 (C)
  88,548     87,574
Series 2026-NQM4, Class A2 (5.664% to 5-1-30, then 6.664% thereafter),
5.664%, 06/25/2066 (C)
  96,907     96,501
Home, Ltd.
Series 2026-1, Class M1B (30 day Average SOFR + 2.150%)
5.778%, 01/25/2036 (C)(E)
  300,000     300,831
HTL Commercial Mortgage Trust          
Series 2024-T53, Class B,
6.774%, 05/10/2039 (C)(H)
  130,000     130,700
Series 2024-T53, Class C,
7.324%, 05/10/2039 (C)(H)
  100,000     100,608
Imperial Fund Mortgage Trust          
Series 2021-NQM2, Class A1,
1.073%, 09/25/2056 (C)(H)
  127,762     107,564
Series 2022-NQM2, Class A1,
4.638%, 03/25/2067 (C)
  433,628     411,951
INT Commercial Mortgage Trust
Series 2025-PLAZA, Class A
5.041%, 11/05/2037 (C)(H)
  105,000     104,607
JP Morgan Mortgage Trust Series
Series 2026-LTV1, Class A1
5.416%, 09/25/2056 (C)(H)
  69,733     69,456
JPMorgan Chase Commercial Mortgage
Securities Trust
         
Series 2016-JP3, Class A5,
2.870%, 08/15/2049
  58,730     58,558
Series 2020-NNN, Class AFX,
2.812%, 01/16/2037 (C)
  160,000     144,002
JW Commercial Mortgage Trust
Series 2026-MRCO, Class B (1 month CME Term SOFR + 1.700%)
5.325%, 06/15/2039 (C)(E)
  25,000     25,094
KRE Commercial Mortgage Trust
Series 2026-ICNA, Class A (1 month CME Term SOFR + 1.850%)
5.475%, 05/15/2043 (C)(E)
  425,000     425,531
KSL Commercial Mortgage Trust
Series 2026-HT3, Class B (1 month CME Term SOFR + 1.800%)
5.400%, 06/15/2043 (C)(E)
  105,000     105,197
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Legacy Mortgage Asset Trust          
Series 2021-GS2, Class A1,
5.750%, 04/25/2061 (C)
$ 79,601   $ 79,656
Series 2021-GS3, Class A1,
5.750%, 07/25/2061 (C)
  106,339     106,470
Series 2021-GS4, Class A1,
5.650%, 11/25/2060 (C)
  54,793     54,841
MAD Commercial Mortgage Trust
Series 2025-11MD, Class B
5.265%, 10/15/2042 (C)(H)
  280,000     278,914
MFA Trust          
Series 2020-NQM3, Class A1,
1.014%, 01/26/2065 (C)(H)
  9,247     8,886
Series 2021-NQM2, Class A1,
1.029%, 11/25/2064 (C)(H)
  87,715     77,616
Morgan Stanley Capital I Trust          
Series 2014-150E, Class A,
3.912%, 09/09/2032 (C)
  610,000     573,283
Series 2017-H1, Class XA IO,
1.404%, 06/15/2050
  558,076     3,990
Series 2021-230P, Class B (1 month CME Term SOFR + 1.563%),
5.189%, 12/15/2038 (C)(E)
  150,000     137,838
Morgan Stanley Residential Mortgage
Loan Trust
         
Series 2025-SPL1, Class A1 (4.250% to 9-1-29, then 5.250% thereafter),
4.250%, 02/25/2065 (C)(H)
  379,257     366,865
Series 2026-DSC1, Class A1,
4.767%, 01/25/2071 (C)(H)
  238,289     234,645
Series 2026-DSC1, Class A3 (5.172% to 1-1-30, then 6.172% thereafter),
5.172%, 01/25/2071 (C)
  112,309     110,482
Series 2026-DSC2, Class A1,
5.440%, 04/27/2071 (C)(H)
  490,981     489,701
Series 2026-DSC2, Class A2 (5.693% to 4-1-30, then 6.693% thereafter),
5.693%, 04/27/2071 (C)
  211,122     210,575
Series 2026-DSC2, Class A3 (5.794% to 4-1-30, then 6.794% thereafter),
5.794%, 04/27/2071 (C)
  98,196     97,942
Series 2026-NQM4, Class A1,
5.075%, 03/25/2071 (C)(H)
  259,516     257,278
Series 2026-NQM4, Class A2 (5.400% to 4-1-30, then 6.400% thereafter),
5.400%, 03/25/2071 (C)
  96,117     95,507
Series 2026-NQM4, Class A3 (5.552% to 4-1-30, then 6.552% thereafter),
5.552%, 03/25/2071 (C)
  144,175     143,262
Natixis Commercial Mortgage Securities Trust
Series 2018-SOX, Class C
4.932%, 06/17/2038 (C)(H)
  100,000     96,812
New Residential Mortgage Loan Trust          
Series 2016-2A, Class A1,
3.750%, 11/26/2035 (C)(H)
  92,284     88,880
Series 2016-4A, Class A1,
3.750%, 11/25/2056 (C)(H)
  108,250     102,137
Series 2017-5A, Class A1 (1 month CME Term SOFR + 1.614%),
5.263%, 06/25/2057 (C)(E)
  76,263     77,522
Series 2018-1A, Class A1A,
4.000%, 12/25/2057 (C)(H)
  69,861     67,652
 
The accompanying notes are an integral part of the financial statements. 50  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
New Residential Mortgage
Loan Trust (continued)
         
Series 2018-4A, Class A1S (1 month CME Term SOFR + 0.864%),
4.513%, 01/25/2048 (C)(E)
$ 94,971   $ 93,872
Series 2019-5A, Class A1B,
3.500%, 08/25/2059 (C)(H)
  95,254     89,181
Series 2019-NQM4, Class A1,
2.492%, 09/25/2059 (C)(H)
  20,557     19,789
Series 2025-NQM7, Class A1,
5.010%, 10/26/2065 (C)(H)
  184,129     183,266
Series 2025-NQM7, Class A3 (5.365% to 12-1-29, then 6.365% thereafter),
5.365%, 10/26/2065 (C)
  217,690     217,328
NMLT Trust
Series 2021-INV1, Class A1
1.185%, 05/25/2056 (C)(H)
  242,491     210,858
NRTH Commercial Mortgage Trust
Series 2025-PARK, Class B (1 month CME Term SOFR + 1.643%)
5.268%, 10/15/2040 (C)(E)
  35,000     35,088
NYC Commercial Mortgage Trust          
Series 2025-300P, Class B,
5.176%, 07/13/2042 (C)(H)
  250,000     248,064
Series 2025-3BP, Class B (1 month CME Term SOFR + 1.692%),
5.318%, 02/15/2042 (C)(E)
  385,000     385,241
Series 2026-1PARK, Class A (1 month CME Term SOFR + 1.250%),
4.883%, 02/15/2043 (C)(E)
  100,000     99,938
OBX Trust          
Series 2021-NQM1, Class A1,
1.072%, 02/25/2066 (C)(H)
  161,369     143,065
Series 2026-CES1, Class A1A (5.192% to 4-1-30, then 6.192% thereafter),
5.192%, 04/25/2056 (C)
  94,865     94,370
Series 2026-NQM2, Class A1,
4.818%, 12/01/2065 (C)(H)
  128,883     127,866
Series 2026-NQM2, Class A2 (5.042% to 1-1-30, then 6.042% thereafter),
5.042%, 12/01/2065 (C)
  229,126     227,557
Series 2026-NQM2, Class A3 (5.143% to 1-1-30, then 6.143% thereafter),
5.143%, 12/01/2065 (C)
  157,524     155,513
Series 2026-NQM6, Class A2 (5.316% to 4-1-30, then 6.316% thereafter),
5.316%, 04/26/2066 (C)
  97,409     96,980
Series 2026-NQM6, Class A3 (5.417% to 4-1-30, then 6.417% thereafter),
5.417%, 04/26/2066 (C)
  146,113     145,469
Onity Loan Investment Trust          
Series 2025-HB2, Class A,
3.000%, 11/25/2038 (C)(H)
  56,829     55,476
Series 2025-HB2, Class M1,
3.000%, 11/25/2038 (C)(H)
  135,000     126,982
Pretium Mortgage Credit Partners LLC          
Series 2025-NPL11, Class A1 (5.193% to 9-25-28, then 8.193% to 9-25-29, then 9.193% thereafter),
5.193%, 10/25/2055 (C)
  582,495     582,821
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Pretium Mortgage Credit
Partners LLC (continued)
         
Series 2025-NPL14, Class A1 (5.265% to 12-25-28, then 8.265% to 12-25-29, then 9.625% thereafter),
5.265%, 12/25/2055 (C)
$ 226,380   $ 223,897
Series 2025-NPL14, Class A2 (6.779% to 12-25-28, then 10.779% thereafter),
6.779%, 12/25/2055 (C)
  175,000     175,202
Series 2025-NPL6, Class A1 (5.744% to 6-25-28, then 8.744% to 6-25-29, then 11.744% thereafter),
5.744%, 06/25/2055 (C)
  439,626     440,003
Series 2025-NPL7, Class A1 (5.657% to 7-25-28, then 8.657% to 7-25-29, then 11.657% thereafter),
5.657%, 07/25/2055 (C)
  287,071     287,232
Series 2025-NPL8, Class A1 (5.732% to 7-25-28, then 8.732% to 7-25-29, then 9.732% thereafter),
5.732%, 08/25/2055 (C)
  270,005     270,228
Series 2025-NPL9, Class A1 (5.391% to 8-25-28, then 8.391% to 8-25-29, then 9.391% thereafter),
5.391%, 08/25/2055 (C)
  366,043     366,179
Series 2025-RPL5, Class A1 (4.150% to 10-1-29, then 5.150% thereafter),
4.150%, 01/25/2070 (C)
  424,888     411,413
Series 2025-RPL6, Class A1 (3.850% to 11-1-29, then 4.850% thereafter),
3.850%, 09/25/2069 (C)
  384,855     368,233
Series 2025-RPL6, Class A2 (3.850% to 11-1-29, then 4.850% thereafter),
3.850%, 09/25/2069 (C)
  100,000     93,121
Series 2026-NPL2, Class A1 (5.074% to 1-25-29, then 8.074% to 1-25-30, then 9.074% thereafter),
5.074%, 02/25/2056 (C)
  557,249     552,892
Series 2026-NPL3, Class A2 (6.219% to 2-25-30, then 10.219% thereafter),
6.219%, 02/25/2056 (C)
  100,000     99,038
Series 2026-NPL6, Class A2 (6.657% to 5-25-30, then 10.657% thereafter),
6.657%, 06/25/2056 (C)
  100,000     99,977
Progress Residential Trust          
Series 2022-SFR5, Class A,
4.451%, 06/17/2039 (C)
  97,676     97,130
Series 2022-SFR6, Class A,
4.451%, 07/20/2039 (C)
  616,865     614,200
Series 2022-SFR7, Class A,
4.750%, 10/27/2039 (C)
  160,743     160,186
Series 2025-SFR1, Class A,
3.400%, 02/17/2042 (C)
  298,481     283,160
Series 2026-SFR1, Class B,
4.000%, 02/17/2043 (C)
  255,000     240,599
Series 2026-SFR1, Class C,
4.000%, 02/17/2043 (C)
  160,000     150,035
Series 2026-SFR3, Class D,
4.250%, 07/17/2043 (C)
  100,000     92,949
 
The accompanying notes are an integral part of the financial statements. 51  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
PRPM LLC          
Series 2024-6, Class A1 (5.699% to 11-25-27, then 8.699% to 11-25-28, then 9.699% thereafter),
5.699%, 11/25/2029 (C)
$ 81,896   $ 81,938
Series 2024-7, Class A1 (5.870% to 11-25-27, then 8.870% to 11-25-28, then 9.870% thereafter),
5.870%, 11/25/2029 (C)
  132,711     132,792
Series 2025-3, Class A1 (6.255% to 5-1-28, then 9.255% to 5-1-29, then 10.255% thereafter),
6.255%, 05/25/2030 (C)
  71,561     71,536
Series 2025-6, Class A1 (5.774% to 8-1-28, then 8.774% to 8-1-29, then 9.774% thereafter),
5.774%, 08/25/2028 (C)
  246,485     245,679
Series 2025-7, Class A1 (5.503% to 8-1-28, then 8.503% to 8-1-29, then 9.503% thereafter),
5.503%, 08/25/2030 (C)
  168,164     167,468
Series 2025-RPL3, Class A1 (3.250% to 4-1-28, then 4.250% thereafter),
3.250%, 04/25/2055 (C)
  612,267     591,882
Series 2026-RCF1, Class A1 (4.845% to 1-1-30, then 5.845% thereafter),
4.845%, 01/25/2056 (C)
  90,075     89,098
RFR Trust
Series 2025-SGRM, Class B
5.863%, 03/11/2041 (C)(H)
  335,000     335,835
SG Residential Mortgage Trust
Series 2021-1, Class A1
1.160%, 07/25/2061 (C)(H)
  271,564     227,321
SHOPS Commercial Mortgage Trust
Series 2026-CSTL, Class A
4.971%, 05/05/2039 (C)(H)
  170,000     168,763
SPGN Trust
Series 2026-TFLM, Class B (1 month CME Term SOFR + 1.400%)
5.025%, 02/15/2041 (C)(E)
  100,000     99,406
Starwood Mortgage Residential Trust          
Series 2021-2, Class A1,
0.943%, 05/25/2065 (C)(H)
  22,191     21,215
Series 2021-6, Class A1,
1.920%, 11/25/2066 (C)(H)
  255,304     224,583
Towd Point Mortgage Trust
Series 2021-R1, Class A1
2.918%, 11/30/2060 (C)(H)
  523,543     467,191
Verus Securitization Trust          
Series 2021-2, Class A1,
1.031%, 02/25/2066 (C)(H)
  59,309     53,632
Series 2021-5, Class A1,
1.013%, 09/25/2066 (C)(H)
  90,276     77,520
Series 2021-8, Class A1,
2.824%, 11/25/2066 (C)(H)
  175,274     159,713
Series 2021-R2, Class A1,
0.918%, 02/25/2064 (C)(H)
  49,772     47,498
Series 2022-1, Class A1,
3.724%, 01/25/2067 (C)
  259,688     243,846
Series 2022-3, Class A1,
5.130%, 02/25/2067 (C)
  61,388     58,409
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Wells Fargo Commercial Mortgage Trust
Series 2015-NXS1, Class D
3.901%, 05/15/2048 (H)
$ 33,740   $ 30,452
          28,254,973
U.S. Government Agency – 4.0%          
Federal Home Loan Mortgage Corp.          
Series 2021-DNA7, Class B1 (30 day Average SOFR + 3.650%),
7.278%, 11/25/2041 (C)(E)
  194,000     195,852
Series 2022-DNA3, Class M1B (30 day Average SOFR + 2.900%),
6.528%, 04/25/2042 (C)(E)
  168,000     170,456
Series 2022-DNA6, Class M1B (30 day Average SOFR + 3.700%),
7.328%, 09/25/2042 (C)(E)
  200,000     206,313
Series 2022-HQA3, Class M1B (30 day Average SOFR + 3.550%),
7.178%, 08/25/2042 (C)(E)
  70,000     71,938
Series 2023-HQA1, Class M1B (30 day Average SOFR + 3.500%),
7.128%, 05/25/2043 (C)(E)
  445,000     462,824
Series 2023-HQA2, Class M1B (30 day Average SOFR + 3.350%),
6.978%, 06/25/2043 (C)(E)
  460,000     472,406
Series 2026-DNA2, Class B1 (30 day Average SOFR + 2.100%),
5.728%, 03/25/2046 (C)(E)
  210,000     213,110
Series 2026-HQA1, Class M2 (30 day Average SOFR + 1.500%),
5.128%, 05/25/2046 (C)(E)
  80,000     79,990
Series 2026-MN14, Class M2 (30 day Average SOFR + 2.700%),
6.290%, 06/25/2046 (C)(E)
  75,000     75,107
Series 3883, Class PB,
3.000%, 05/15/2041
  32,190     30,649
Series 5055, Class DG,
1.500%, 12/25/2050
  316,936     256,339
Series 5170, Class DP,
2.000%, 07/25/2050
  292,484     256,564
Series 5544, Class B,
5.000%, 08/25/2052
  358,143     356,956
Series K064, Class X1 IO,
0.719%, 03/25/2027
  1,978,692     5,049
Series K068, Class A2,
3.244%, 08/25/2027
  545,000     538,263
Series K104, Class X1 IO,
1.225%, 01/25/2030
  1,238,276     41,424
Series K111, Class X1 IO,
1.669%, 05/25/2030
  535,167     26,935
Series K114, Class X1 IO,
1.201%, 06/25/2030
  1,569,619     58,381
Series K121, Class X1 IO,
1.105%, 10/25/2030
  819,138     28,623
Series K122, Class X1 IO,
0.953%, 11/25/2030
  463,777     14,614
Series K124, Class X1 IO,
0.801%, 12/25/2030
  1,878,645     50,456
Series K545, Class A2,
4.290%, 07/25/2030 (H)
  530,000     525,761
Series K549, Class A2,
4.340%, 09/25/2030 (H)
  525,000     521,646
 
The accompanying notes are an integral part of the financial statements. 52  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National Mortgage Association          
Series 2012-18, Class GA,
2.000%, 12/25/2041
$ 33,883   $ 31,692
Series 2012-21, Class PQ,
2.000%, 09/25/2041
  16,721     15,842
Series 2012-52, Class PA,
3.500%, 05/25/2042
  29,403     28,164
Series 2015-48, Class QB,
3.000%, 02/25/2043
  18,083     17,823
Series 2016-11, Class GA,
2.500%, 03/25/2046
  50,125     46,651
Series 2016-38, Class NA,
3.000%, 01/25/2046
  27,984     26,009
Series 2017-16, Class PB,
3.000%, 03/25/2047
  270,000     236,211
Series 2017-26, Class CG,
3.500%, 07/25/2044
  10,955     10,902
Series 2017-34, Class JK,
3.000%, 05/25/2047
  12,192     11,956
Series 2017-35, Class AH,
3.500%, 04/25/2053
  10,954     10,908
Series 2017-49, Class JA,
4.000%, 07/25/2053
  20,404     20,306
Series 2017-84, Class KA,
3.500%, 04/25/2053
  26,575     26,318
Series 2018-23, Class LA,
3.500%, 04/25/2048
  85,042     80,730
Series 2018-70, Class HA,
3.500%, 10/25/2056
  48,091     46,709
Series 2019-12, Class HA,
3.500%, 11/25/2057
  100,576     96,015
Series 2019-14, Class CA,
3.500%, 04/25/2049
  88,260     84,467
Series 2019-45, Class PT,
3.000%, 08/25/2049
  89,522     80,710
Series 2021-R01, Class 1B1 (30 day Average SOFR + 3.100%),
6.728%, 10/25/2041 (C)(E)
  80,000     80,520
Series 2022-90, Class AY,
4.500%, 12/25/2041
  640,000     630,697
Series 2022-R01, Class 1B1 (30 day Average SOFR + 3.150%),
6.778%, 12/25/2041 (C)(E)
  188,000     189,464
Series 2022-R02, Class 2B1 (30 day Average SOFR + 4.500%),
8.128%, 01/25/2042 (C)(E)
  395,000     402,717
Series 2022-R02, Class 2B2 (30 day Average SOFR + 7.650%),
11.278%, 01/25/2042 (C)(E)
  275,000     284,238
Series 2022-R04, Class 1B2 (30 day Average SOFR + 9.500%),
13.128%, 03/25/2042 (C)(E)
  150,000     158,469
Series 2023-R03, Class 2B1 (30 day Average SOFR + 6.350%),
9.978%, 04/25/2043 (C)(E)
  170,000     184,536
Series 2026-R01, Class 2M2 (30 day Average SOFR + 1.350%),
4.978%, 01/25/2046 (C)(E)
  350,000     349,091
Series 2026-R03, Class 2M2 (30 day Average SOFR + 1.550%),
5.178%, 04/25/2046 (C)(E)
  175,000     175,620
Series 415, Class A3,
3.000%, 11/25/2042
  70,692     64,465
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association
         
Series 2006-38, Class XS IO,
3.502%, 09/16/2035
$ 2,815   $ 19
Series 2013-37, Class LG,
2.000%, 01/20/2042
  14,636     14,444
Series 2025-110, Class J,
5.000%, 09/20/2051
  379,716     376,628
          8,441,977
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $37,968,701)   $ 36,696,950
ASSET-BACKED SECURITIES – 7.4%      
AASET Trust
Series 2020-1A, Class A
3.351%, 01/16/2040 (C)
  27,472     27,315
ACREC LLC
Series 2026-FL4, Class AS (1 month CME Term SOFR + 1.600%)
5.237%, 01/18/2043 (C)(E)
  135,000     135,042
Aligned Data Centers Issuer LLC
Series 2023-1A, Class A2
6.000%, 08/17/2048 (C)
  265,000     265,278
American Credit Acceptance Receivables Trust
Series 2026-2, Class B
4.500%, 10/08/2030 (C)
  60,000     59,737
Aquarian CLO 1, Ltd.          
Series 1A, Class B (3 month CME Term SOFR + 1.700%)
5.432%, 07/20/2039 (C)(E)
  250,000     250,000
Series 1A, Class C (3 month CME Term SOFR + 2.000%)
5.732%, 07/20/2039 (C)(E)
  250,000     250,000
AREIT, Ltd.
Series 2025-CRE11, Class AS (1 month CME Term SOFR + 1.750%)
5.386%, 07/25/2043 (C)(E)
  140,000     140,044
Avis Budget Rental Car Funding AESOP LLC
Series 2024-3A, Class B
5.580%, 12/20/2030 (C)
  100,000     100,997
Bain Capital Credit CLO, Ltd.
Series 2022-5A, Class CRR (3 month CME Term SOFR + 1.750%)
5.417%, 01/24/2037 (C)(E)
  250,000     249,277
BDS LLC
Series 2026-FL17, Class AS (1 month CME Term SOFR + 1.550%)
5.189%, 05/19/2043 (C)(E)
  180,000     180,056
Benefit Street Partners CLO XXXI, Ltd.
Series 2023-31A, Class BR (3 month CME Term SOFR + 1.750%)
5.417%, 04/25/2038 (C)(E)
  270,000     270,723
Blue Owl Asset Leasing Trust
Series 2024-1A, Class B
5.410%, 03/15/2030 (C)
  100,000     100,549
Business Jet Securities LLC          
Series 2026-1A, Class A
5.464%, 06/15/2041 (C)
  125,000     125,233
Series 2026-1A, Class B
6.099%, 06/15/2041 (C)
  100,000     100,184
 
The accompanying notes are an integral part of the financial statements. 53  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
BXMT, Ltd.
Series 2026-FL6, Class A (1 month CME Term SOFR + 1.450%)
5.089%, 08/19/2043 (C)(E)
$ 120,000   $ 120,075
CarMax Select Receivables Trust
Series 2026-B, Class C
5.190%, 10/15/2032
  110,000     110,262
Castlelake Aircraft Structured Trust
Series 2026-2A, Class A
5.333%, 04/15/2051 (C)
  244,055     241,707
CF Hippolyta Issuer LLC          
Series 2020-1, Class A1
1.690%, 07/15/2060 (C)
  101,376     83,752
Series 2020-1, Class A2
1.990%, 07/15/2060 (C)
  122,595     100,334
Series 2022-1A, Class A1
5.970%, 08/15/2062 (C)
  97,984     97,617
Commercial Equipment Finance LLC          
Series 2024-1A, Class A
5.970%, 07/16/2029 (C)
  55,625     55,826
Series 2025-1A, Class A
4.830%, 05/15/2031 (C)
  242,792     242,623
DB Master Finance LLC
Series 2026-1A, Class A2I
5.200%, 05/20/2056 (C)
  185,000     184,884
Dryden 83 CLO, Ltd.
Series 2020-83A, Class BR2 (3 month CME Term SOFR + 1.550%)
5.190%, 04/18/2037 (C)(E)
  250,000     250,000
Eclipse Aircraft LLC
Series 2026-1, Class A
5.626%, 05/15/2051 (C)
  367,377     365,931
Exeter Automobile Receivables Trust          
Series 2025-4A, Class B
4.400%, 05/15/2030
  110,000     109,848
Series 2025-5A, Class D
5.160%, 03/15/2032
  225,000     223,873
Series 2026-3A, Class D
5.440%, 10/15/2032
  165,000     165,172
First Investors Auto Owner Trust
Series 2026-1A, Class C
5.380%, 07/15/2032 (C)
  170,000     170,590
FirstKey Homes Trust
Series 2022-SFR1, Class A
4.145%, 05/19/2039 (C)
  133,377     132,399
GCM CLO, Ltd.
Series 2026-1A, Class C (3 month CME Term SOFR + 1.850%)
5.546%, 07/20/2039 (C)(E)
  250,000     251,071
GLS Auto Select Receivables Trust
Series 2025-3A, Class B
4.810%, 09/15/2031 (C)
  433,000     432,230
GreenSky Home Improvement Issuer Trust
Series 2025-2A, Class B
5.070%, 06/25/2060 (C)
  100,000     99,619
GS REFT Issuer, Ltd.
Series 2026-FL1, Class AS (1 month CME Term SOFR + 1.650%)
5.289%, 10/19/2043 (C)(E)
  100,000     100,094
Hertz Vehicle Financing III LLC
Series 2025-2A, Class A
5.130%, 09/25/2031 (C)
  145,000     145,098
Jersey Mike's Funding LLC
Series 2026-1A, Class A2I
4.952%, 02/15/2056 (C)
  214,463     211,576
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Kinetic ABS Issuer LLC
Series 2026-2A, Class A2
5.834%, 06/25/2058 (C)
$ 175,000   $ 176,610
Magnetite XXXI, Ltd.
Series 2021-31A, Class CR (3 month CME Term SOFR + 1.550%)
5.223%, 07/15/2034 (C)(E)
  250,000     249,125
MAPS Trust          
Series 2026-1A, Class A
5.201%, 01/15/2051 (C)
  286,060     280,924
Series 2026-2A, Class A
5.523%, 06/15/2051 (C)
  250,000     249,999
MF1, Ltd.
Series 2022-FL8, Class AS (1 month CME Term SOFR + 1.750%)
5.389%, 02/19/2037 (C)(E)
  335,000     335,195
Navient Private Education Refi
Loan Trust
         
Series 2021-EA, Class A
0.970%, 12/16/2069 (C)
  92,033     82,024
Series 2023-A, Class A
5.510%, 10/15/2071 (C)
  172,085     174,416
Neuberger Berman Loan Advisers CLO 42, Ltd.
Series 2021-42A, Class CR (3 month CME Term SOFR + 1.850%)
5.530%, 07/16/2036 (C)(E)
  275,000     275,400
NMEF Funding LLC
Series 2025-B, Class B
4.730%, 01/18/2033 (C)
  165,000     164,868
Post Road Equipment Finance LLC
Series 2025-1A, Class B
5.040%, 05/15/2031 (C)
  100,000     100,526
Rad CLO 12, Ltd.
Series 2021-12A, Class A1AR (3 month CME Term SOFR + 1.320%)
4.983%, 07/30/2040 (C)(E)
  395,000     395,656
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, Class A2A
5.000%, 09/15/2048 (C)
  395,000     391,017
RR 23, Ltd.
Series 2022-23A, Class A2R2 (3 month CME Term SOFR + 1.650%)
5.323%, 07/15/2037 (C)(E)
  520,000     520,511
Sabey Data Center Issuer LLC
Series 2024-1, Class A2
6.000%, 04/20/2049 (C)
  65,000     65,171
SCF Equipment Leasing LLC
Series 2025-1A, Class A3
5.110%, 11/21/2033 (C)
  170,000     171,446
Securitized Term Auto Receivables Trust
Series 2025-B, Class B
4.925%, 12/29/2032 (C)
  127,071     127,649
SFS Auto Receivables Securitization Trust
Series 2023-1A, Class B
5.710%, 01/22/2030 (C)
  115,000     116,313
SLAM, Ltd.
Series 2026-1A, Class A
5.547%, 07/15/2051 (C)
  328,655     327,710
Stack Infrastructure Issuer LLC          
Series 2023-2A, Class A2
5.900%, 07/25/2048 (C)
  225,000     225,095
Series 2024-1A, Class A2
5.900%, 03/25/2049 (C)
  120,000     120,542
 
The accompanying notes are an integral part of the financial statements. 54  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
STAR Trust          
Series 2026-SFR7, Class B (1 month CME Term SOFR + 1.700%)
5.337%, 05/17/2043 (C)(E)
$ 105,000   $ 105,213
Series 2026-SFR7, Class C (1 month CME Term SOFR + 2.000%)
5.637%, 05/17/2043 (C)(E)
  100,000     100,279
Symphony CLO 37, Ltd.
Series 2022-37A, Class CR2 (3 month CME Term SOFR + 1.750%)
5.425%, 01/20/2037 (C)(E)
  250,000     249,281
Taco Bell Funding LLC
Series 2021-1A, Class A2II
2.294%, 08/25/2051 (C)
  878,355     818,294
Texas Debt Capital CLO, Ltd.
Series 2023-1A, Class BR (3 month CME Term SOFR + 1.650%)
5.325%, 07/20/2038 (C)(E)
  300,000     300,427
Tricon Residential Trust          
Series 2026-SFR1, Class A (1 month CME Term SOFR + 1.100%)
4.726%, 02/17/2043 (C)(E)
  284,307     283,944
Series 2026-SFR1, Class B (1 month CME Term SOFR + 1.350%)
4.976%, 02/17/2043 (C)(E)
  99,992     99,893
VB Issuer LLC
Series 2024-1A, Class C2
5.590%, 05/15/2054 (C)
  255,000     256,444
VB-S1 Issuer LLC
Series 2026-1A, Class C2
4.693%, 03/15/2056 (C)
  110,000     107,496
Venture 42 CLO, Ltd.
Series 2021-42A, Class A1A (3 month CME Term SOFR + 1.392%)
5.065%, 04/15/2034 (C)(E)
  655,000     655,249
VFI ABS LLC
Series 2025-1A, Class A
4.780%, 06/24/2030 (C)
  58,887     58,935
VOLT CII LLC
Series 2021-NP11, Class A1
5.868%, 08/25/2051 (C)
  33,002     33,008
Wendy's Funding LLC          
Series 2018-1A, Class A2II
3.884%, 03/15/2048 (C)
  214,946     209,983
Series 2021-1A, Class A2II
2.775%, 06/15/2051 (C)
  626,994     553,576
Westlake Automobile Receivables Trust
Series 2026-2A, Class D
5.250%, 03/15/2032 (C)
  345,000     344,571
Wingstop Funding LLC          
Series 2020-1A, Class A2
2.841%, 12/05/2050 (C)
  197,000     191,325
Series 2024-1A, Class A2
5.858%, 12/05/2054 (C)
  110,000     110,924
Zayo Issuer LLC
Series 2025-1A, Class A2
5.648%, 03/20/2055 (C)
  290,000     290,948
TOTAL ASSET-BACKED SECURITIES (Cost $15,359,290)     $ 15,469,003
SHORT-TERM INVESTMENTS – 1.7%      
Short-term funds – 0.2%          
John Hancock Collateral Trust, 3.6026% (I)(J)   38,028     380,254
Investment Quality Bond Trust (continued)
    Shares or
Principal
Amount
  Value
SHORT-TERM INVESTMENTS (continued)      
Repurchase agreement – 1.5%          
Deutsche Bank Tri-Party Repurchase Agreement dated 6-30-26 at 3.650% to be repurchased at $3,200,324 on 7-1-26, collateralized by $3,564,500 U.S. Treasury Bonds, 4.000% due 11-15-42 (valued at $3,264,013) $ 3,200,000   $ 3,200,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,580,273)   $ 3,580,254
Total Investments (Investment Quality Bond Trust)
(Cost $259,298,873) – 117.5%
  $ 247,437,811
Other assets and liabilities, net – (17.5%)       (36,901,253)
TOTAL NET ASSETS – 100.0%       $ 210,536,558
SALE COMMITMENTS
OUTSTANDING - (7.4)%
       
U.S. Government Agency – (7.4%)          
Federal National Mortgage Association          
4.000%, TBA (B) $ (1,325,000)   $ (1,238,927)
5.000%, TBA (B)   (295,000)     (290,241)
5.500%, TBA (B)   (1,630,000)     (1,655,469)
5.500%, TBA (B)   (5,910,000)     (5,940,933)
5.500%, TBA (B)   (2,600,000)     (2,608,633)
Government National
Mortgage Association
         
2.500%, TBA (B)   (740,000)     (631,656)
4.500%, TBA (B)   (2,365,000)     (2,265,002)
5.000%, TBA (B)   (965,000)     (951,276)
TOTAL SALE COMMITMENTS OUTSTANDING (Proceeds received $15,592,887)   $ (15,582,137)
Currency Abbreviations
EUR Euro
GBP Pound Sterling
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
EURIBOR Euro Interbank Offered Rate
GO General Obligation
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
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
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) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B) Security purchased or sold on a when-issued or delayed-delivery basis.
(C) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $56,487,060 or 26.8% of the fund's net assets as of 6-30-26.
(D) All or a portion of this security is on loan as of 6-30-26.
(E) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) Term loans are variable rate obligations. The rate shown represents the rate at period end.
 
The accompanying notes are an integral part of the financial statements. 55  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
(G) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(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.
Investment Quality Bond Trust (continued)
(I) The rate shown is the annualized seven-day yield as of 6-30-26.
(J) Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
 
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
10-Year Australian Treasury Bond Futures 35 Long Sep 2026 $2,621,067 $2,661,125 $40,058
10-Year U.S. Treasury Note Futures 14 Long Sep 2026 1,540,020 1,538,469 (1,551)
5-Year U.S. Treasury Note Futures 82 Long Sep 2026 8,778,646 8,777,841 (805)
Euro-Buxl Futures 4 Long Sep 2026 497,591 508,320 10,729
Ultra 10-Year U.S. Treasury Note Futures 27 Long Sep 2026 3,032,804 3,036,656 3,852
2-Year U.S. Treasury Note Futures 15 Short Sep 2026 (3,090,567) (3,091,992) (1,425)
Euro SCHATZ Futures 49 Short Sep 2026 (5,916,880) (5,932,424) (15,544)
Euro-OAT Futures 5 Short Sep 2026 (679,385) (685,446) (6,061)
German Euro BUND Futures 4 Short Sep 2026 (574,496) (581,995) (7,499)
U.K. Long Gilt Bond Futures 8 Short Sep 2026 (942,717) (946,661) (3,944)
U.S. Treasury Long Bond Futures 13 Short Sep 2026 (1,438,918) (1,475,500) (36,582)
Ultra U.S. Treasury Bond Futures 17 Short Sep 2026 (1,943,805) (1,974,656) (30,851)
            $(49,623)
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
EUR 456,000  USD 523,539  DB 7/31/2026  —  $(1,901)
USD 2,743,989  EUR 2,390,000  DB 7/31/2026  $9,962  — 
USD 169,936  EUR 149,000  MSI 7/31/2026  —  (511)
USD 271,412  GBP 205,000  JPM 7/31/2026  —  (505)
            $9,962  $(2,917)
    
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 1,187,000 USD Fixed 1.560% USD Compounded SOFR(a) Annual Annual Dec 2041 $(5,137) $373,754 $368,617
Centrally cleared 3,640,000 USD Fixed 4.160% USD Compounded SOFR(a) Annual Annual Mar 2045 (7,516) 34,020 26,504
Centrally cleared 1,105,000 USD Fixed 2.970% USD Compounded SOFR(a) Annual Annual Mar 2053 598 223,048 223,646
Centrally cleared 370,000 USD Fixed 3.250% USD Compounded SOFR(a) Annual Annual Jun 2053 (3,649) 61,398 57,749
                $(15,704) $692,220 $676,516
(a) At 6-30-26, the overnight SOFR was 3.680%.
Credit default swaps - Seller
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Implied
credit
spread
Notional
amount
Currency USD
notional
amount
Received
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
Centrally cleared Oracle Corp. 1.543% 560,000 USD $560,000 1.000% Quarterly Dec 2030 $(5,692) $(6,246) $(11,938)
Centrally cleared Alphabet, Inc. 0.532% 500,000 USD 500,000 1.000% Quarterly Jun 2031 11,654 (1,032) 10,622
Centrally cleared Amazon.com, Inc. 0.542% 500,000 USD 500,000 1.000% Quarterly Jun 2031 11,311 (916) 10,395
Centrally cleared CDX.NA.HY.46 3.040% 3,776,850 USD 3,776,850 5.000% Quarterly Jun 2031 294,478 14,847 309,325
Centrally cleared Meta Platforms, Inc. 0.712% 505,000 USD 505,000 1.000% Quarterly Jun 2031 6,709 (88) 6,621
The accompanying notes are an integral part of the financial statements. 56  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)
Credit default swaps - Seller (continued)
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Implied
credit
spread
Notional
amount
Currency USD
notional
amount
Received
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
Centrally cleared Paramount Global 2.810% 515,000 USD $515,000 1.000% Quarterly Jun 2031 $(42,769) $3,481 (39,288)
          $6,356,850       $275,691 $10,046 $285,737
Derivatives Currency Abbreviations
EUR Euro
GBP Pound Sterling
USD U.S. Dollar
Derivatives Abbreviations
DB Deutsche Bank AG
JPM JPMorgan Chase Bank, N.A.
MSI Morgan Stanley & Co. International PLC
OTC Over-the-counter
SOFR Secured Overnight Financing Rate
    
See Notes to financial statements regarding investment transactions and other derivatives information.
Money Market Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT – 9.3%          
U.S. Treasury Note          
3.803%, 04/30/2027 $ 15,000,000   $ 14,989,884
4.017%, (3 month USBMMY + 0.160%), 04/30/2027 (A)   97,000,000     97,022,486
4.118%, (3 month USBMMY + 0.182%), 07/31/2026 (A)   75,000,000     75,006,507
4.450%, 02/15/2027   6,000,000     6,011,277
TOTAL U.S. GOVERNMENT (Cost $193,030,154)     $ 193,030,154
U.S. GOVERNMENT AGENCY – 49.2%      
Federal Agricultural Mortgage Corp.          
3.559%, 01/15/2027   7,500,000     7,500,000
3.600%, 03/10/2027   23,000,000     23,000,000
3.610%, 01/27/2027   3,000,000     3,000,000
3.620%, 02/26/2027   10,000,000     10,000,000
3.640%, 12/04/2026   25,000,000     25,000,000
3.641%, 09/23/2026   7,000,000     6,999,272
3.696%, (Overnight SOFR + 0.025%), 09/11/2026 (A)   22,000,000     22,000,000
3.696%, 08/13/2026   7,000,000     6,969,649
3.720%, 04/23/2027   16,000,000     16,000,000
3.721%, 08/07/2026   18,000,000     18,000,000
3.726%, (Overnight SOFR + 0.055%), 02/12/2027 (A)   11,000,000     11,000,000
3.731%, (Overnight SOFR + 0.060%), 03/12/2027 (A)   11,000,000     11,000,000
3.736%, (Overnight SOFR + 0.065%), 10/27/2026 (A)   17,000,000     17,000,000
3.736%, (Overnight SOFR + 0.065%), 04/13/2027 (A)   11,000,000     11,000,000
3.736%, (Overnight SOFR + 0.065%), 04/02/2027 (A)   12,000,000     12,000,000
3.741%, (Overnight SOFR + 0.070%), 02/08/2027 (A)   15,000,000     15,000,000
3.741%, (Overnight SOFR + 0.070%), 05/13/2027 (A)   20,000,000     20,000,000
3.751%, (Overnight SOFR + 0.055%), 07/01/2026 (A)   8,500,000     8,500,000
Money Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AGENCY (continued)      
Federal Agricultural
Mortgage Corp. (continued)
         
3.756%, (Overnight SOFR + 0.085%), 06/16/2027 (A) $ 3,000,000   $ 3,000,000
3.756%, (Overnight SOFR + 0.085%), 09/03/2027 (A)   5,000,000     5,000,000
3.762%, (Overnight SOFR + 0.090%), 08/18/2026 (A)   13,000,000     13,000,000
3.762%, (Overnight SOFR + 0.090%), 12/07/2026 (A)   24,600,000     24,600,000
3.762%, (Overnight SOFR + 0.090%), 08/23/2027 (A)   5,000,000     5,000,000
3.790%, 04/08/2027   9,000,000     9,000,000
3.792%, (Overnight SOFR + 0.120%), 03/08/2027 (A)   8,500,000     8,500,000
3.797%, (Overnight SOFR + 0.125%), 12/13/2027 (A)   10,000,000     10,000,000
3.802%, (Overnight SOFR + 0.130%), 01/14/2028 (A)   20,000,000     20,000,000
3.812%, (Overnight SOFR + 0.140%), 10/15/2026 (A)   10,000,000     10,000,000
3.817%, (Overnight SOFR + 0.145%), 06/15/2027 (A)   10,000,000     10,000,000
3.823%, 12/03/2026   3,099,000     3,049,498
3.833%, (Overnight SOFR + 0.160%), 08/28/2026 (A)   20,000,000     20,000,000
3.839%, 06/08/2027   21,500,000     21,500,000
3.877%, (Overnight SOFR + 0.160%), 11/02/2026 (A)   20,747,000     20,750,115
3.888%, 05/21/2027   2,000,000     2,000,000
3.912%, 07/08/2026   21,409,000     21,409,000
3.918%, 05/27/2027   2,000,000     2,000,000
3.929%, 06/01/2027   5,500,000     5,500,000
3.978%, 06/14/2027   9,500,000     9,152,870
3.990%, (Overnight SOFR + 0.230%), 01/18/2028 (A)   4,000,000     4,005,714
4.023%, 07/07/2026   7,638,000     7,638,000
4.114%, 07/10/2026   30,000,000     30,000,000
4.584%, (Overnight SOFR + 0.564%), 05/10/2027 (A)   745,000     747,272
 
The accompanying notes are an integral part of the financial statements. 57  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Money Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AGENCY (continued)      
Federal Agricultural
Mortgage Corp. (continued)
         
4.587%, 01/19/2027 $ 20,800,000   $ 20,846,654
5.093%, 12/07/2026   15,000,000     15,043,779
Federal Farm Credit Bank          
3.675%, (Overnight SOFR + 0.005%), 07/29/2026 (A)   3,000,000     3,000,000
3.675%, (Overnight SOFR + 0.005%), 08/04/2026 (A)   3,000,000     3,000,000
3.696%, 12/28/2026   14,000,000     13,749,400
3.701%, (Overnight SOFR + 0.030%), 07/28/2026 (A)   9,000,000     9,000,000
3.711%, 08/24/2026   3,443,000     3,424,201
3.741%, (Overnight SOFR + 0.070%), 11/05/2027 (A)   3,600,000     3,600,000
3.789%, (Overnight SOFR + 0.100%), 08/13/2027 (A)   1,015,000     1,015,202
3.791%, 05/19/2027   12,000,000     11,990,652
Federal Home Loan Bank          
3.575%, 01/19/2027   20,000,000     19,858,217
3.630%, 07/27/2026   3,000,000     2,994,035
3.660%, 03/04/2027   6,000,000     6,000,000
3.660%, 07/29/2026   2,969,000     2,960,687
3.663%, 07/10/2026   7,835,000     7,827,929
3.670%, 07/01/2026   9,208,000     9,208,000
3.672%, 08/03/2026   6,564,000     6,542,279
3.678%, 07/08/2026   1,757,000     1,755,762
3.680%, (Overnight SOFR + 0.010%), 08/03/2026 (A)   17,000,000     17,000,000
3.681%, 07/31/2026   26,000,000     25,921,567
3.681%, 07/29/2026   6,970,000     6,950,376
3.683%, 07/22/2026   1,750,000     1,746,299
3.683%, 07/08/2026   8,803,000     8,796,787
3.686%, 10/07/2026   7,216,000     7,145,283
3.687%, 07/20/2026   7,000,000     6,986,589
3.696%, 08/12/2026   23,058,000     22,960,349
3.697%, 09/11/2026   1,691,000     1,678,757
3.699%, 09/30/2026   8,596,000     8,517,450
3.700%, 09/18/2026   8,420,000     8,353,112
3.706%, (Overnight SOFR + 0.035%), 01/06/2027 (A)   13,000,000     13,000,000
3.707%, 09/18/2026   1,860,000     1,845,196
3.716%, 10/21/2026   12,670,000     12,665,381
3.728%, 10/23/2026   1,640,000     1,621,122
3.729%, 11/06/2026   9,581,000     9,457,341
3.763%, 11/25/2026   13,000,000     12,805,927
3.764%, 11/30/2026   9,399,000     9,253,953
3.819%, 03/24/2027   6,000,000     6,000,000
3.823%, (Overnight SOFR + 0.115%), 07/30/2027 (A)   3,385,000     3,386,381
3.886%, 05/18/2027   1,250,000     1,248,221
3.918%, 03/24/2027   6,000,000     6,000,000
3.920%, 12/11/2026   4,999,000     4,912,989
3.967%, 06/04/2027   17,000,000     17,000,000
4.104%, 07/09/2027   7,640,000     7,639,565
4.238%, 10/09/2026   14,000,000     14,009,652
Federal Home Loan Mortgage Corp.          
3.598%, 01/22/2027   18,000,000     17,994,308
3.677%, 07/20/2026   17,000,000     16,967,521
3.678%, 08/18/2026   2,663,000     2,650,182
3.679%, 08/20/2026   17,000,000     16,914,764
3.685%, 02/19/2027   13,000,000     13,000,000
3.714%, 11/20/2026   4,179,000     4,177,419
3.714%, 03/30/2027   10,000,000     10,000,000
3.725%, 09/17/2026   6,039,000     5,991,307
4.046%, 06/22/2027   3,400,000     3,400,000
Money Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AGENCY (continued)      
Federal National Mortgage Association          
3.621%, 09/24/2026 $ 5,000,000   $ 4,979,662
3.655%, 07/15/2026   4,808,000     4,801,269
3.680%, 02/09/2027   7,500,000     7,500,000
4.125%, 07/02/2027   6,500,000     6,500,000
Tennessee Valley Authority
3.653%, 07/08/2026
  16,000,000     15,988,800
TOTAL U.S. GOVERNMENT AGENCY (Cost $1,019,405,716)     $ 1,019,405,716
REPURCHASE AGREEMENT – 41.6%      
Barclays Tri-Party Repurchase Agreement dated 6-30-26 at 3.640% to be repurchased at $126,012,740 on 7-1-26, collateralized by $126,212,800 U.S. Treasury Notes, 4.250% due 2-28-31 (valued at $128,533,055)   126,000,000     126,000,000
Goldman Sachs Tri-Party Repurchase Agreement dated 6-30-26 at 3.620% to be repurchased at $169,016,994 on 7-1-26, collateralized by $350,564,256 U.S. Treasury Interest STRIPS, 0.000% due 2-15-41 (valued at $172,397,335)   169,000,000     169,000,000
Repurchase Agreement with State Street Corp. dated 6-30-26 at 1.060% to be repurchased at $832,444 on 7-1-26, collateralized by $855,400 U.S. Treasury Notes, 3.375% due 11-30-27 (valued at $849,157)   832,419     832,419
Repurchase Agreement with State Street Corp. dated 6-30-26 at 3.650% to be repurchased at $567,057,488 on 7-1-26, collateralized by $578,340,800 U.S. Treasury Notes, 4.000% due 12-15-27 (valued at $578,340,118)   567,000,000     567,000,000
TOTAL REPURCHASE AGREEMENT (Cost $862,832,419)   $ 862,832,419
Total Investments (Money Market Trust)
(Cost $2,075,268,289) – 100.1%
  $ 2,075,268,289
Other assets and liabilities, net – (0.1%)       (1,082,937)
TOTAL NET ASSETS – 100.0%       $ 2,074,185,352
Security Abbreviations and Legend
SOFR Secured Overnight Financing Rate
STRIPS Separate Trading of Registered Interest and Principal Securities
USBMMY U.S. Treasury Bill Money Market Yield
(A) Variable rate obligation.
Opportunistic Fixed Income Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS - 35.7%
         
U.S. Government - 11.3%          
U.S. Treasury Bonds
3.625%, 05/15/2053 (A)
$ 46,400   $ 37,082
U.S. Treasury Inflation
Protected Securities
         
1.250%, 04/15/2031   14,094,630     13,655,112
1.875%, 01/15/2036   1,162,910     1,129,354
2.375%, 02/15/2056 (A)   1,248,133     1,149,937
U.S. Treasury Notes          
4.125%, 02/15/2036 (A)   256,100     249,858
4.250%, 05/15/2035 (A)   5,800     5,732
 
The accompanying notes are an integral part of the financial statements. 58  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
         
U.S. Government (continued)          
U.S. Treasury Notes (continued)          
4.500%, 05/31/2029 $ 10,000   $ 10,091
          16,237,166
U.S. Government Agency - 24.4%          
Federal Home Loan Mortgage Corp.          
5.000%, 07/01/2040 to 06/01/2056   211,621     209,503
5.500%, 09/01/2040   364,326     371,182
Federal National Mortgage Association          
2.000%, TBA (B)   965,000     770,320
2.500%, TBA (B)   1,745,000     1,457,981
3.000%, TBA (B)   1,617,712     1,411,707
3.500%, TBA (B)   570,000     532,451
4.000%, TBA (B)   1,515,000     1,419,600
4.500%, TBA (B)   856,000     820,389
5.000%, TBA (B)   10,646,000     10,463,061
5.000%, 08/01/2040 to 05/01/2056   1,126,123     1,109,968
5.500%, TBA (B)   7,207,000     7,234,679
6.000%, TBA (B)   2,395,000     2,447,341
6.000%, 07/01/2038 to 09/01/2038   197,275     203,055
6.500%, TBA (B)   993,000     1,031,091
Government National
Mortgage Association
         
3.000%, TBA (B)   1,725,000     1,530,463
4.000%, TBA (B)   1,285,000     1,193,270
4.500%, TBA (B)   605,000     581,339
5.000%, TBA (B)   1,470,000     1,449,669
6.000%, TBA (B)   900,000     918,240
          35,155,309
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $51,403,074)   $ 51,392,475
FOREIGN GOVERNMENT OBLIGATIONS - 42.7%      
Argentina - 0.2%          
Republic of Argentina          
4.125%, (4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter), 07/09/2035   390,000     311,610
4.125%, (4.125% to 7-29-27, then 4.750% to 7-29-28, then 5.000% thereafter), 07/09/2035   45,000     35,955
          347,565
Australia - 1.6%          
Commonwealth of Australia          
1.750%, 06/21/2051 AUD 1,035,000     367,872
4.750%, 06/21/2054   2,205,000     1,412,333
Commonwealth of Australia, Inflation-Linked Bond
1.290%, 02/21/2050
  875,000     508,799
          2,289,004
Brazil - 7.9%          
Federative Republic of Brazil          
5.500%, 04/23/2036 EUR 415,000     478,444
6.000%, 05/15/2035 BRL 3,150,000     2,549,982
10.000%, 01/01/2029   23,636,000     4,222,563
10.000%, 01/01/2031   1,360,000     229,058
10.000%, 01/01/2033   278,000     44,706
10.000%, 01/01/2035   3,910,000     608,115
10.000%, 01/01/2037   20,837,000     3,151,931
13.690%, 01/01/2028 (C)   334,000     53,183
13.866%, 01/01/2030 (C)   369,000     45,032
          11,383,014
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Bulgaria - 0.2%          
Republic of Bulgaria          
1.375%, 09/23/2050 EUR 277,000   $ 174,854
4.125%, 05/07/2038   153,000     174,850
          349,704
Chile - 0.1%          
Republic of Chile          
2.000%, 03/01/2035 CLP 40,784,980     42,861
5.300%, 11/01/2037 (D)   10,000,000     10,759
6.000%, 01/01/2043   15,000,000     17,576
          71,196
Colombia - 4.9%          
Republic of Colombia          
5.625%, 02/19/2036 EUR 320,000     363,111
5.750%, 11/26/2034   200,000     232,362
6.250%, 07/09/2036 COP 756,800,000     151,060
6.500%, 11/26/2038 EUR 100,000     120,010
7.000%, 03/26/2031 COP 104,300,000     25,068
7.000%, 06/30/2032   7,792,200,000     1,803,215
7.250%, 10/18/2034   492,700,000     109,072
7.750%, 09/18/2030   86,900,000     21,821
9.250%, 05/28/2042   959,100,000     227,714
11.750%, 01/24/2035   12,723,300,000     3,663,025
12.750%, 11/28/2040   264,700,000     81,507
13.250%, 02/09/2033   638,100,000     196,417
          6,994,382
Czech Republic - 3.1%          
Czech Republic          
1.500%, 04/24/2040 CZK 2,560,000     80,417
1.950%, 07/30/2037   1,150,000     41,527
2.000%, 10/13/2033   1,390,000     55,730
2.750%, 07/23/2029   1,020,000     46,313
3.000%, 03/03/2033   470,000     20,455
3.500%, 05/30/2035   40,350,000     1,761,345
3.500%, 05/30/2035   31,500,000     1,375,028
4.000%, 04/04/2044   13,990,000     578,289
4.200%, 12/04/2036   1,260,000     57,339
4.250%, 10/24/2034   380,000     17,604
4.500%, 11/11/2032   1,040,000     49,524
4.900%, 04/14/2034   520,000     25,243
5.300%, 09/19/2035   6,980,000     346,815
6.200%, 06/16/2031   1,230,000     63,241
          4,518,870
France - 0.9%          
Government of France
0.100%, 03/01/2032 (D)
EUR 1,223,560     1,279,860
Germany - 1.3%          
Federal Republic of Germany, Inflation-Linked Bond
0.500%, 04/15/2030
  1,656,535     1,869,771
Ghana - 0.1%          
Republic of Ghana          
5.000%, (5.000% to 7-3-28, then 6.000% thereafter), 07/03/2029 (D) $ 52,938     52,185
5.000%, (5.000% to 7-3-28, then 6.000% thereafter), 07/03/2035 (D)   87,000     80,710
47.436%, 07/03/2026 (C)(D)   2,000     1,994
          134,889
Hungary - 0.2%          
Republic of Hungary          
3.000%, 10/27/2038 HUF 18,960,000     49,374
4.750%, 11/24/2032   45,180,000     142,767
7.000%, 10/24/2035   5,180,000     18,939
 
The accompanying notes are an integral part of the financial statements. 59  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Hungary (continued)          
Republic of Hungary (continued)          
7.000%, 10/24/2035 HUF 7,710,000   $ 28,189
          239,269
Iceland - 1.3%          
Republic of Iceland          
4.500%, 02/17/2042 ISK 22,380,000     138,999
6.500%, 02/15/2038   137,865,000     1,069,890
7.000%, 09/17/2035   78,845,000     623,312
          1,832,201
India - 0.5%          
Republic of India          
6.330%, 05/05/2035 INR 19,760,000     200,711
6.480%, 10/06/2035   6,460,000     66,191
6.790%, 10/07/2034   7,020,000     74,085
6.940%, 05/11/2036   10,510,000     111,054
7.300%, 06/19/2053   30,220,000     317,950
          769,991
Indonesia - 2.0%          
Republic of Indonesia          
1.300%, 03/23/2034 EUR 100,000     91,829
4.100%, 03/04/2034   100,000     112,102
4.125%, 01/15/2037   300,000     328,063
4.460%, 03/04/2038   100,000     110,737
5.125%, 05/29/2038   245,000     287,137
5.875%, 03/15/2031 IDR 1,511,000,000     80,409
6.375%, 04/15/2032   1,026,000,000     54,772
6.500%, 04/15/2036   1,212,000,000     64,676
6.625%, 05/15/2033   430,000,000     23,123
6.625%, 02/15/2034   1,692,000,000     90,798
6.750%, 07/15/2035   21,475,000,000     1,155,422
6.875%, 04/15/2029   716,000,000     39,644
7.000%, 02/15/2033   2,453,000,000     134,723
7.125%, 06/15/2038   1,081,000,000     59,280
7.125%, 08/15/2040   623,000,000     34,445
7.125%, 06/15/2042   271,000,000     14,838
7.125%, 06/15/2043   593,000,000     32,469
7.125%, 08/15/2045   622,000,000     34,465
7.500%, 08/15/2032   1,727,000,000     97,409
7.500%, 05/15/2038   186,000,000     10,507
8.250%, 05/15/2036   514,000,000     30,501
          2,887,349
Japan - 2.8%          
Government of Japan          
2.800%, 06/20/2055 JPY 248,250,000     1,235,491
3.200%, 09/20/2055   58,700,000     317,018
3.400%, 12/20/2055   58,100,000     326,209
3.700%, 03/20/2056   94,000,000     558,612
Government of Japan, CPI-Linked Bond          
0.005%, 03/10/2035   136,988,096     793,896
0.600%, 03/10/2036   120,592,640     734,542
          3,965,768
Malaysia - 0.8%          
Government of Malaysia          
2.632%, 04/15/2031 MYR 8,000     1,896
3.519%, 04/20/2028   451,000     111,209
3.582%, 07/15/2032   476,000     117,027
3.757%, 05/22/2040   482,000     116,960
3.828%, 07/05/2034   768,000     190,977
3.885%, 08/15/2029   621,000     154,933
3.900%, 11/30/2026   505,000     124,283
4.254%, 05/31/2035   94,000     24,147
4.254%, 05/31/2035   332,000     85,286
4.457%, 03/31/2053   110,000     28,623
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Malaysia (continued)          
Government of Malaysia (continued)          
4.642%, 11/07/2033 MYR 269,000   $ 70,332
4.696%, 10/15/2042   34,000     9,090
4.762%, 04/07/2037   213,000     56,871
4.893%, 06/08/2038   120,000     32,335
          1,123,969
Mexico - 3.0%          
Government of Mexico          
3.875%, 05/16/2031 EUR 110,000     124,658
4.000%, 08/24/2034 MXN 572,108     31,487
5.625%, 03/19/2114 GBP 100,000     97,397
6.250%, 08/27/2037 $ 200,000     200,059
7.276%, 10/28/2027 (C) MXN 2,377,370     123,672
7.672%, 06/08/2028 (C)   3,922,590     193,918
7.750%, 05/29/2031   4,790,400     266,098
7.750%, 11/23/2034   1,000     53
7.750%, 11/13/2042   4,256,800     207,893
8.000%, 04/15/2032   41,811,800     2,313,738
8.000%, 02/21/2036   6,354,100     338,908
8.000%, 07/31/2053   871,900     42,276
8.000%, 07/31/2053   1,151,000     55,809
8.000%, 04/29/2055   1,019,100     49,307
8.500%, 03/01/2029   700,600     40,624
8.500%, 05/31/2029   2,318,200     134,301
8.500%, 11/18/2038   3,032,300     162,824
          4,383,022
New Zealand - 1.8%          
Government of New Zealand          
1.500%, 05/15/2031 NZD 3,605,000     1,832,097
5.000%, 05/15/2054   1,385,000     780,069
          2,612,166
Paraguay - 0.0%          
Republic of Paraguay
8.500%, 04/04/2038 (D)
PYG 286,000,000     44,999
Peru - 0.1%          
Republic of Peru          
5.350%, 08/12/2040 PEN 111,000     28,270
5.400%, 08/12/2034   62,000     17,697
6.900%, 08/12/2037   197,000     58,886
7.600%, 08/12/2039 (D)   175,000     54,803
          159,656
Philippines - 0.3%          
Republic of the Philippines          
1.200%, 04/28/2033 EUR 240,000     230,556
1.750%, 04/28/2041   195,000     156,201
          386,757
Poland - 0.7%          
Republic of Poland          
1.750%, 04/25/2032 PLN 125,000     28,180
3.587%, (Polish Short Term Rate), 09/25/2028 (E)   1,575,000     411,439
4.500%, 01/25/2031   938,000     248,597
5.000%, 10/25/2034   279,000     73,642
5.000%, 10/25/2035   308,000     80,586
5.250%, 04/25/2036   332,000     88,056
6.000%, 10/25/2033   384,000     108,324
          1,038,824
Romania - 0.7%          
Republic of Romania          
4.250%, 04/28/2036 RON 750,000     135,108
4.750%, 10/11/2034   445,000     85,209
6.700%, 02/25/2032   145,000     31,676
6.750%, 04/25/2035   865,000     188,638
 
The accompanying notes are an integral part of the financial statements. 60  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Romania (continued)          
Republic of Romania (continued)          
6.750%, 07/11/2039 EUR 275,000   $ 332,252
7.100%, 07/31/2034 RON 520,000     115,993
8.250%, 09/29/2032   340,000     79,990
          968,866
Serbia - 0.1%          
Republic of Serbia
4.250%, 05/06/2031 (D)
EUR 117,000     133,828
South Africa - 1.1%          
Republic of South Africa          
6.250%, 03/31/2036 ZAR 1,866,000     97,514
7.000%, 02/28/2031   2,215,000     130,576
7.000%, 02/28/2031   3,190,000     188,053
7.952%, (3 month JIBAR + 0.960%), 09/17/2030 (E)   1,000,000     61,311
8.058%, (3 month JIBAR + 1.300%), 07/11/2027 (E)   1,000,000     61,264
8.250%, 03/31/2032   1,091,000     67,298
8.500%, 01/31/2037   4,533,000     275,393
8.750%, 01/31/2044   4,765,000     285,427
8.750%, 02/28/2048   1,038,000     62,286
9.000%, 01/31/2040   1,386,000     85,493
9.875%, 03/31/2039   3,371,000     222,486
          1,537,101
South Korea - 4.8%          
Republic of Korea          
2.625%, 06/10/2035 KRW 3,191,260,000     1,833,924
3.250%, 12/10/2035   4,742,210,000     2,848,581
3.500%, 03/10/2056   1,761,640,000     983,155
4.250%, 06/10/2036   2,000,430,000     1,303,920
          6,969,580
Thailand - 0.7%          
Kingdom of Thailand          
1.585%, 12/17/2035 THB 1,982,000     57,179
1.600%, 06/17/2035   917,000     26,667
1.840%, 05/17/2036   1,802,000     53,083
2.000%, 12/17/2031   2,510,000     76,814
2.000%, 06/17/2042   315,000     8,568
2.410%, 03/17/2035   4,098,000     127,220
2.500%, 11/17/2029   2,169,000     67,612
2.800%, 06/17/2034   1,260,000     40,307
2.875%, 12/17/2028   2,807,000     87,817
2.875%, 06/17/2046   775,000     22,914
2.980%, 06/17/2045   1,810,000     54,492
3.300%, 06/17/2038   2,189,000     72,433
3.350%, 06/17/2033   4,861,000     160,548
3.450%, 06/17/2043   2,257,000     72,878
4.875%, 06/22/2029   903,000     29,988
          958,520
Turkey - 0.2%          
Republic of Turkey          
26.200%, 10/05/2033 TRY 4,854,840     89,211
40.125%, (Turkish Lira Overnight Reference Rate), 06/16/2027 (E)   6,866,000     149,033
          238,244
United Arab Emirates - 0.5%          
Government of Abu Dhabi          
2.700%, 09/02/2070 $ 400,000     211,094
3.125%, 09/30/2049   400,000     270,054
Government of Dubai
3.900%, 09/09/2050
  400,000     285,649
          766,797
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
United Kingdom - 0.8%          
United Kingdom of Great Britain
1.125%, 10/22/2073
GBP 500,000   $ 194,643
United Kingdom of Great Britain,
Inflation-Linked GILT
         
0.125%, 03/22/2068 GBP 298,654     180,214
1.125%, 09/22/2035   620,047     785,753
          1,160,610
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $61,911,642)   $ 61,415,772
CORPORATE BONDS - 14.9%      
Australia - 0.1%          
Fortescue Treasury Pty, Ltd.
4.375%, 04/01/2031 (D)
$ 11,000     10,465
Westpac Banking Corp.
2.963%, 11/16/2040
  170,000     125,820
          136,285
Bermuda - 0.1%          
Transocean International, Ltd.
8.750%, 02/15/2030 (D)
  175,000     181,844
Brazil - 0.1%          
BRF SA
5.750%, 09/21/2050
  200,000     155,470
Canada - 0.5%          
AltaGas, Ltd.
7.200%, (7.200% to 10-15-34, then 5 Year CMT + 3.573%), 10/15/2054 (D)
  93,000     97,502
Bausch Health Companies, Inc.
4.875%, 06/01/2028 (D)
  27,000     24,965
Enbridge, Inc.          
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080   14,000     14,083
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084   55,000     62,876
Garda World Security Corp.
6.000%, 06/01/2029 (D)
  10,000     9,851
goeasy, Ltd.          
6.875%, 02/15/2031 (D)(F)   95,000     84,016
7.375%, 10/01/2030 (D)(F)   150,000     135,096
Great Canadian Gaming Corp.
8.750%, 11/15/2029 (D)
  7,000     7,003
South Bow Canadian Infrastructure Holdings, Ltd.
7.625%, (7.625% to 3-1-30, then 5 Year CMT + 3.949%), 03/01/2055
  34,000     35,609
TELUS Corp.
7.000%, (7.000% to 10-15-35, then 5 Year CMT + 2.709%), 10/15/2055
  35,000     36,190
Transcanada Trust          
5.600%, (5.600% to 3-7-32, then 5 Year CMT + 3.986% to 3-7-52, then 5 Year CMT + 4.736%), 03/07/2082   144,000     142,435
5.875%, (5.875% to 8-15-26, then 3 month LIBOR + 4.640% to 8-15-46, then 3 month LIBOR + 5.390%), 08/15/2076   41,000     41,036
          690,662
 
The accompanying notes are an integral part of the financial statements. 61  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Cayman Islands - 0.2%          
Azorra Finance, Ltd.
7.250%, 01/15/2031 (D)
$ 7,000   $ 7,192
Banco Mercantil del Norte SA
8.450%, (8.450% to 6-24-36, then 5 Year CMT + 4.009%), 06/24/2036 (D)(G)
  200,000     200,285
          207,477
China - 0.0%          
CIFI Holdings Group Company, Ltd., Zero Coupon
0.000%, 06/30/2027
  89,570     8,285
Country Garden Holdings Company, Ltd.          
1.250%, (0.000% Cash and 1.250% PIK), 12/31/2036   538,017     35,848
2.250%, (0.000% Cash and 2.250% PIK), 12/31/2034   30,243     2,117
Yuzhou Group Holdings Company, Ltd.          
1.000%, (0.000% Cash and 1.000% PIK), 06/30/2034   25,261     158
4.000%, (0.000% Cash and 4.000% PIK), 06/30/2028   27,269     920
4.500%, (0.000% Cash and 4.500% PIK), 06/30/2029   47,603     1,428
5.000%, (0.000% Cash and 5.000% PIK), 06/30/2030   63,696     1,592
5.500%, (0.000% Cash and 5.500% PIK), 06/30/2031   89,573     2,463
7.000%, (1.000% Cash and 6.000% PIK), 06/30/2027   32,480     2,118
          54,929
France - 0.2%          
Altice France SA
6.500%, 04/15/2032 (D)
  12,000     11,597
Electricite de France SA
6.250%, 04/22/2066 (D)
  210,000     206,784
          218,381
Indonesia - 0.4%          
Pertamina Persero PT
6.450%, 05/30/2044
  200,000     203,682
Perusahaan Perseroan Persero PT
Perusahaan Listrik Negara
         
4.000%, 06/30/2050   200,000     139,233
4.875%, 07/17/2049   200,000     160,965
          503,880
Ireland - 0.0%          
Adient Global Holdings, Ltd.
7.500%, 02/15/2033 (D)
  6,000     6,189
TrueNoord Capital DAC
8.750%, 03/01/2030 (D)
  20,000     20,734
          26,923
Japan - 0.5%          
Nomura Holdings, Inc.
5.545%, 07/14/2036
  265,000     265,587
NTT Finance Corp.
5.483%, 11/01/2036 (D)
  265,000     264,050
Sumitomo Mitsui Financial Group, Inc.
5.334%, (5.334% to 3-3-36, then 5 Year CMT + 1.300%), 03/03/2041
  235,000     228,799
          758,436
Luxembourg - 0.3%          
Alstria Sarl
5.500%, 03/20/2031
EUR 100,000     114,148
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Luxembourg (continued)          
CPI Property Group SA
7.500%, (7.500% to 6-24-31, then 5 Year EURIBOR ICE Swap Rate + 5.232% to 6-24-36, then 5 Year EURIBOR ICE Swap Rate + 5.482% to 6-24-46, then 5 Year EURIBOR ICE Swap Rate + 6.232%), 03/26/2031 (G)
EUR 100,000   $ 106,036
Green Palm Bidco Sarl
6.462%, 06/30/2046 (D)
$ 200,000     202,611
          422,795
Malta - 0.0%          
VistaJet Malta Finance PLC          
6.375%, 02/01/2030 (D)   4,000     3,806
8.750%, 01/15/2032 (D)   4,000     3,956
          7,762
Morocco - 0.1%          
OCP SA
7.368%, (7.368% to 7-22-36, then 5 Year CMT + 3.215% to 7-22-56, then 5 Year CMT + 3.965%), 04/22/2036 (D)(G)
  200,000     199,157
Netherlands - 0.1%          
JBS NV
7.250%, 11/15/2053
  60,000     65,735
Stellantis NV
6.875%, (6.875% to 3-16-34, then 5 Year EURIBOR ICE Swap Rate + 4.239% to 3-16-39, then 5 Year EURIBOR ICE Swap Rate + 4.489% to 3-16-54, then 5 Year EURIBOR ICE Swap Rate + 5.239%), 12/16/2033 (G)
EUR 100,000     111,143
          176,878
Saudi Arabia - 0.1%          
Saudi Arabian Oil Company
6.375%, 06/02/2055
$ 200,000     204,178
Singapore - 0.1%          
GLP Pte, Ltd.
7.865%, (7.865% to 5-17-31, then 5 Year CMT + 3.985% to 5-17-46, then 5 Year CMT + 4.735%), 11/17/2026 (G)
  200,000     114,281
Supranational - 0.1%          
Asian Development Bank
5.636%, 11/10/2040 (C)
PLN 100,000     11,955
Inter-American Development Bank
6.750%, 01/22/2036
INR 3,000,000     29,880
International Bank for Reconstruction &
Development
         
6.500%, 10/01/2037   1,000,000     9,663
6.500%, 10/01/2037   3,000,000     28,988
          80,486
United Arab Emirates - 0.4%          
Adnoc Murban Rsc, Ltd.
5.125%, 09/11/2054
$ 200,000     180,293
Aldar Properties PJSC
5.875%, (5.875% to 4-14-33, then 5 Year CMT + 2.018% to 4-14-36, then 5 Year CMT + 3.018%), 04/14/2056
  200,000     189,164
DP World, Ltd.
6.850%, 07/02/2037
  100,000     107,678
 
The accompanying notes are an integral part of the financial statements. 62  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United Arab Emirates (continued)          
MDGH GMTN RSC, Ltd.
3.700%, 11/07/2049
$ 200,000   $ 146,500
          623,635
United Kingdom - 0.8%          
Howden UK Refinance PLC
8.125%, 02/15/2032 (D)
  200,000     179,276
HSBC Holdings PLC
6.750%, (6.750% to 5-18-33, then 5 Year CMT + 2.513%), 11/18/2032 (G)
  210,000     211,409
Standard Chartered PLC          
5.300%, 01/09/2043 (D)   200,000     186,324
7.000%, (7.000% to 12-8-33, then 5 Year CMT + 2.672%), 06/08/2033 (D)(G)   265,000     266,964
Vodafone Group PLC          
5.250%, 05/30/2048   75,000     67,353
5.625%, 02/10/2053   70,000     65,091
5.875%, 06/28/2064   70,000     66,162
6.100%, 06/18/2056   130,000     127,694
          1,170,273
United States - 10.8%          
Acadia Healthcare Company, Inc.          
5.000%, 04/15/2029 (D)   9,000     8,860
7.375%, 03/15/2033 (D)   7,000     7,206
Acrisure LLC
6.750%, 07/01/2032 (D)
  130,000     116,846
Advanced Micro Devices, Inc.
4.393%, 06/01/2052
  85,000     71,304
Alliant Holdings Intermediate LLC
7.000%, 01/15/2031 (D)
  14,000     14,228
Allied Universal Holdco LLC
7.875%, 02/15/2031 (D)
  83,000     86,767
Ally Financial, Inc.
7.100%, (7.100% to 8-15-31, then 5 Year CMT + 3.148%), 08/15/2031 (G)
  44,000     44,594
Alphabet, Inc.          
4.375%, 11/06/2064 EUR 405,000     434,208
4.800%, 05/11/2063   125,000     145,266
5.700%, 11/15/2075 $ 140,000     134,384
6.125%, 02/13/2126 GBP 300,000     376,774
Amazon.com, Inc.          
3.100%, 05/12/2051 $ 100,000     65,294
4.050%, 08/22/2047   90,000     71,278
4.250%, 08/22/2057   200,000     155,023
4.850%, 03/16/2064 EUR 305,000     356,361
5.550%, 11/20/2065 $ 160,000     149,499
5.800%, 03/13/2056   65,000     64,585
5.950%, 03/13/2066   130,000     129,253
6.050%, 03/13/2076   315,000     314,048
American Axle & Manufacturing, Inc.
7.750%, 10/15/2033 (D)
  12,000     11,854
American National Group, Inc.
7.000%, (7.000% to 12-1-30, then 5 Year CMT + 3.183%), 12/01/2055
  44,000     42,965
AmeriGas Partners LP
9.375%, 06/01/2028 (D)
  47,000     48,061
Antero Midstream Partners LP
6.625%, 02/01/2032 (D)
  25,000     25,534
Apple, Inc.          
2.650%, 02/08/2051   105,000     63,686
2.850%, 08/05/2061   220,000     126,995
3.850%, 08/04/2046   80,000     63,291
4.450%, 05/06/2044   75,000     66,466
Arizona Public Service Company
5.050%, 09/01/2041
  54,000     50,265
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
Asurion LLC          
8.000%, 12/31/2032 (D) $ 12,000   $ 12,091
8.375%, 02/01/2034 (D)   137,000     126,818
AT&T, Inc.          
3.800%, 12/01/2057   200,000     133,476
6.000%, 04/30/2056   65,000     62,820
6.050%, 08/15/2056   65,000     63,117
6.200%, 10/30/2056   230,000     227,352
AthenaHealth Group, Inc.
6.500%, 02/15/2030 (D)
  90,000     86,294
Athene Holding, Ltd.          
6.250%, 04/01/2054   115,000     106,801
6.625%, (6.625% to 10-15-34, then 5 Year CMT + 2.607%), 10/15/2054   70,000     67,262
6.625%, 05/19/2055   65,000     63,206
Avis Budget Car Rental LLC
8.375%, 06/15/2032 (D)
  76,000     76,503
Baxter International, Inc.
3.132%, 12/01/2051
  140,000     83,754
Berkshire Hathaway, Inc.
4.500%, 02/11/2043
  140,000     126,178
Black Pearl Compute LLC
6.125%, 02/15/2031 (D)
  8,000     8,103
Block Communications, Inc.
10.250%, 03/01/2031 (D)
  73,000     66,767
Brandywine Operating Partnership LP
6.125%, 01/15/2031
  65,000     62,116
Buckeye Partners LP
5.850%, 11/15/2043
  38,000     34,844
Caterpillar, Inc.
3.803%, 08/15/2042
  85,000     70,589
CCO Holdings LLC          
4.750%, 02/01/2032 (D)   19,000     16,947
5.375%, 06/01/2029 (D)   2,000     1,957
Celanese US Holdings LLC
7.000%, 02/15/2031
  15,000     15,439
Champ Acquisition Corp.
8.375%, 12/01/2031 (D)
  25,000     26,160
Charter Communications Operating LLC          
5.375%, 04/01/2038   75,000     67,184
5.500%, 04/01/2063   85,000     65,176
6.484%, 10/23/2045   70,000     64,171
Cinemark USA, Inc.
7.000%, 08/01/2032 (D)
  11,000     11,348
Cipher Compute LLC
7.125%, 11/15/2030 (D)
  12,000     12,474
Citigroup, Inc.          
6.625%, (6.625% to 2-15-31, then 5 Year CMT + 3.001%), 02/15/2031 (G)   65,000     66,222
7.625%, (7.625% to 11-15-28, then 5 Year CMT + 3.211%), 11/15/2028 (G)   39,000     40,523
Clarios Global LP
6.750%, 09/15/2032 (D)
  10,000     10,213
Clearway Energy Operating LLC
5.750%, 01/15/2034 (D)
  14,000     13,727
Cloud Software Group, Inc.          
6.500%, 03/31/2029 (D)   4,000     3,881
6.625%, 08/15/2033 (D)   125,000     108,374
8.250%, 06/30/2032 (D)   100,000     93,725
9.000%, 09/30/2029 (D)   82,000     79,592
Clydesdale Acquisition Holdings, Inc.
8.750%, 04/15/2030 (D)
  11,000     10,850
 
The accompanying notes are an integral part of the financial statements. 63  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
CMS Energy Corp.
4.750%, (4.750% to 6-1-30, then 5 Year CMT + 4.116%), 06/01/2050
$ 72,000   $ 70,553
Comcast Corp.          
2.887%, 11/01/2051   225,000     127,517
2.987%, 11/01/2063   270,000     140,464
4.950%, 10/15/2058   80,000     63,979
5.350%, 05/15/2053   75,000     64,669
5.650%, 06/01/2054 (F)   130,000     116,528
Commercial Metals Company
5.750%, 11/15/2033 (D)
  7,000     6,959
Community Health Systems, Inc.          
4.750%, 02/15/2031 (D)   18,000     16,559
9.750%, 01/15/2034 (D)   35,000     36,543
Concentra Health Services, Inc.
6.875%, 07/15/2032 (D)
  7,000     7,246
Cougar JV Subsidiary LLC
8.000%, 05/15/2032 (D)
  16,000     16,772
Cox Communications, Inc.
5.800%, 12/15/2053 (D)
  75,000     63,276
CP Atlas Buyer, Inc.          
9.750%, 07/15/2030 (D)(F)   287,000     275,570
12.750%, (7.000% Cash and 5.750% PIK), 01/15/2031 (D)(F)   5,533     4,250
CrossCountry Intermediate HoldCo LLC          
6.500%, 10/01/2030 (D)   4,000     3,943
6.750%, 12/01/2032 (D)   104,000     100,409
CVS Health Corp.
7.000%, (7.000% to 3-10-30, then 5 Year CMT + 2.886%), 03/10/2055
  46,000     47,757
Delta Air Lines, Inc.
5.250%, 07/10/2030
  70,000     70,763
Deluxe Corp.
8.125%, 09/15/2029 (D)
  15,000     15,529
Diamondback Energy, Inc.
5.750%, 04/18/2054
  58,000     56,387
DIRECTV Financing LLC          
9.250%, 06/01/2032 (D)   50,000     50,802
10.000%, 02/15/2031 (D)   10,000     10,377
Discovery Global Holdings, Inc.          
4.279%, 03/15/2032   5,000     4,487
5.050%, 03/15/2042   9,000     6,593
Dominion Energy, Inc.          
4.350%, (4.350% to 4-15-27, then 5 Year CMT + 3.195%), 01/15/2027 (G)   120,000     119,378
6.150%, (6.150% to 12-15-31, then 5 Year CMT + 1.869%), 12/15/2056   55,000     55,167
EchoStar Corp.
6.750%, 11/30/2030
  93,742     95,298
Energy Transfer LP
8.000%, (8.000% to 5-15-29, then 5 Year CMT + 4.020%), 05/15/2054
  81,000     85,986
EQT Corp.
4.750%, 01/15/2031
  10,000     9,906
Esab Corp.
5.625%, 04/01/2031 (D)
  11,000     11,012
EUSHI Finance, Inc.
7.625%, (7.625% to 12-15-29, then 5 Year CMT + 3.136%), 12/15/2054
  71,000     73,746
EZCORP, Inc.
7.375%, 04/01/2032 (D)
  25,000     26,202
Fedex Freight Holding Company, Inc.
5.250%, 03/15/2036 (D)
  75,000     73,051
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
Fidelity National Information Services, Inc.
3.100%, 03/01/2041
$ 101,000   $ 73,391
First Eagle Holdings, Inc.
7.250%, 08/15/2032 (D)
  13,000     13,086
FirstCash, Inc.          
4.625%, 09/01/2028 (D)   9,000     8,848
5.625%, 01/01/2030 (D)   6,000     5,965
6.125%, 05/01/2034 (D)   10,000     9,953
FMC Corp.
8.450%, (8.450% to 11-1-30, then 5 Year CMT + 4.366%), 11/01/2055
  90,000     65,548
Freedom Mortgage Holdings LLC          
7.875%, 04/01/2033 (D)   30,000     29,257
9.125%, 05/15/2031 (D)   24,000     24,814
General Motors Financial Company, Inc.
5.700%, (5.700% to 9-30-30, then 5 Year CMT + 4.997%), 09/30/2030 (G)
  80,000     79,985
HA Sustainable Infrastructure
Capital, Inc.
         
7.125%, (7.125% to 11-15-31, then 5 Year CMT + 3.478%), 11/15/2056   71,000     72,076
8.000%, (8.000% to 6-1-31, then 5 Year CMT + 4.301%), 06/01/2056   85,000     90,045
HUB International, Ltd.
7.375%, 01/31/2032 (D)
  15,000     15,268
Hudson Pacific Properties LP
4.650%, 04/01/2029
  12,000     11,367
Humana, Inc.
6.625%, (6.625% to 9-15-31, then 5 Year CMT + 2.891%), 09/15/2056
  130,000     129,609
HUT 8 DC LLC
6.192%, 11/15/2042 (D)
  40,000     40,515
IBM Corp.
4.900%, 07/27/2052
  220,000     186,664
iHeartCommunications, Inc.
9.125%, 05/01/2029 (D)
  15,000     14,555
Industrial F&B Investments III, Inc.
7.750%, 02/11/2033 (D)
  11,000     11,211
Intercontinental Exchange, Inc.
3.625%, 09/01/2028
  27,000     26,493
Kaiser Aluminum Corp.
5.875%, 03/01/2034 (D)
  17,000     16,823
Keurig Dr. Pepper, Inc.
4.500%, 04/15/2052
  90,000     72,244
Kraft Heinz Foods Company
4.375%, 06/01/2046
  16,000     12,799
Lamar Media Corp.
4.000%, 02/15/2030
  11,000     10,515
LCM Investments Holdings II LLC
8.250%, 08/01/2031 (D)
  10,000     10,419
Level 3 Financing, Inc.          
6.875%, 06/30/2033 (D)   15,000     15,411
7.500%, 02/15/2037 (D)   5,000     5,132
8.500%, 01/15/2036 (D)   14,000     15,034
Liberty Utilities Company
5.650%, 05/15/2036 (D)
  265,000     263,947
Lincoln National Corp.
9.250%, (9.250% to 3-1-28, then 5 Year CMT + 5.318%), 12/01/2027 (G)
  101,000     106,369
LSF12 Helix Parent LLC
7.125%, 02/01/2033 (D)
  70,000     67,775
Matador Resources Company
6.500%, 04/15/2032 (D)
  80,000     80,437
 
The accompanying notes are an integral part of the financial statements. 64  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
McAfee Corp.
7.375%, 02/15/2030 (D)
$ 9,000   $ 7,648
Medline Borrower LP
5.250%, 10/01/2029 (D)
  25,000     24,847
Meridian Arc Holdco LLC
6.250%, 04/30/2031 (D)
  7,000     7,016
Meta Platforms, Inc.          
5.625%, 11/15/2055   115,000     104,208
6.300%, 05/15/2056   295,000     293,648
6.450%, 05/15/2066   325,000     320,977
Microsoft Corp.          
2.500%, 09/15/2050   110,000     64,938
2.525%, 06/01/2050   220,000     130,826
2.675%, 06/01/2060   120,000     66,169
2.921%, 03/17/2052   305,000     193,619
3.041%, 03/17/2062   110,000     66,225
3.700%, 08/08/2046   90,000     70,159
4.500%, 02/06/2057   75,000     63,747
MPT Operating Partnership LP
7.000%, 02/15/2032
EUR 100,000     114,875
Navient Corp.
7.875%, 06/15/2032
$ 120,000     112,310
NCL Corp., Ltd.          
6.250%, 09/15/2033 (D)   30,000     29,135
6.750%, 02/01/2032 (D)   8,000     7,982
NextEra Energy Capital Holdings, Inc.
6.625%, (6.625% to 10-1-46, then 5 Year CMT + 1.685%), 10/01/2066
  175,000     177,694
NVIDIA Corp.          
3.500%, 04/01/2050   180,000     131,884
5.550%, 06/15/2046   65,000     64,517
5.625%, 06/15/2056   130,000     129,039
Open Text Holdings, Inc.
4.125%, 12/01/2031 (D)
  92,000     80,766
Oracle Corp.          
3.600%, 04/01/2050   105,000     63,852
5.375%, 07/15/2040   3,000     2,643
5.700%, 02/04/2036   2,000     1,937
6.100%, 09/26/2065   75,000     62,748
6.125%, 08/03/2065   75,000     63,021
6.700%, 02/04/2056   47,000     44,237
6.850%, 02/04/2066   135,000     125,656
Owens-Brockway Glass Container, Inc.
7.375%, 06/01/2032 (D)(F)
  65,000     62,276
Paramount Global          
4.375%, 03/15/2043   6,000     3,873
5.500%, 05/15/2033   8,000     7,115
6.375%, (6.375% to 3-30-27, then 5 Year CMT + 3.999% to 3-30-32, then 5 Year CMT + 4.249% to 3-30-47, then 5 Year CMT + 4.999%), 03/30/2062   174,000     148,679
6.875%, 04/30/2036   32,000     30,017
Penn Entertainment, Inc.          
4.125%, 07/01/2029 (D)   15,000     14,382
6.750%, 04/01/2031 (D)   8,000     8,042
PennyMac Financial Services, Inc.
6.750%, 02/15/2034 (D)
  120,000     115,190
Permian Resources Operating LLC
7.000%, 01/15/2032 (D)
  7,000     7,240
Petco Health & Wellness Company, Inc.
8.250%, 02/01/2031 (D)
  17,000     17,133
Post Holdings, Inc.
6.250%, 10/15/2034 (D)
  14,000     13,756
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
Puget Energy, Inc.          
7.000%, (7.000% to 9-15-31, then 5 Year CMT + 2.961%), 09/15/2056 $ 210,000   $ 212,295
7.250%, (7.250% to 9-15-36, then 5 Year CMT + 2.848%), 09/15/2056   170,000     173,058
Quikrete Holdings, Inc.
6.375%, 03/01/2032 (D)
  10,000     10,212
Range Resources Corp.
4.750%, 02/15/2030 (D)
  4,000     3,917
RD Michigan Property Owner I LLC
7.500%, 03/30/2045 (D)
  212,000     211,310
Rocket Companies, Inc.          
6.125%, 08/01/2031 (D)   5,000     5,107
6.500%, 06/15/2034 (D)   5,000     5,128
Rocket Software, Inc.          
6.500%, 02/15/2029 (D)   10,000     9,005
9.000%, 11/28/2028 (D)   8,000     7,952
Salesforce, Inc.          
2.700%, 07/15/2041   170,000     116,074
2.900%, 07/15/2051   195,000     113,649
Scripps Escrow II, Inc.
5.375%, 01/15/2031 (D)
  10,000     5,973
Shift4 Payments, Inc.
5.500%, 05/15/2033
EUR 100,000     111,806
SM Energy Company
6.750%, 08/01/2029 (D)
$ 15,000     15,273
Space Exploration Technologies Corp.
6.650%, 07/15/2056 (D)
  265,000     255,673
Specialty Building Products Holdings LLC
7.750%, 10/15/2029 (D)
  16,000     14,719
Staples, Inc.
10.750%, 09/01/2029 (D)
  90,000     85,855
Star Parent, Inc.
9.000%, 10/01/2030 (D)
  15,000     15,698
Stingray Compute LLC
6.000%, 06/15/2031 (D)
  5,000     5,010
Stonebriar ABF Issuer LLC          
7.000%, 08/15/2031 (D)   5,000     4,999
8.125%, 12/15/2030 (D)   14,000     14,637
Sumisho Air Lease Corp.
4.125%, (4.125% to 12-15-26, then 5 Year CMT + 3.149%), 12/15/2026 (G)
  104,000     101,826
Sunoco LP          
4.625%, 05/01/2030 (D)   5,000     4,829
7.000%, 05/01/2029 (D)   10,000     10,275
Sword Purchaser LLC
8.250%, 04/15/2033 (D)
  11,000     11,382
Sysco Corp.          
3.150%, 12/14/2051   105,000     66,927
4.450%, 03/15/2048   144,000     117,202
Talos Production, Inc.
9.375%, 02/01/2031 (D)
  12,000     12,604
Tenet Healthcare Corp.          
5.500%, 11/15/2032 (D)   70,000     69,605
6.750%, 05/15/2031   15,000     15,366
The Campbell's Company          
4.750%, 03/23/2035   140,000     130,674
4.800%, 03/15/2048   140,000     114,757
The EW Scripps Company
9.875%, 08/15/2030 (D)
  105,000     91,904
The Goldman Sachs Group, Inc.
3.650%, (3.650% to 8-10-26, then 5 Year CMT + 2.915%), 08/10/2026 (G)
  59,000     58,911
 
The accompanying notes are an integral part of the financial statements. 65  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
United States (continued)          
The Goodyear Tire & Rubber Company          
5.250%, 07/15/2031 $ 75,000   $ 66,938
5.625%, 04/30/2033   75,000     65,342
8.875%, 07/15/2032   5,000     5,043
T-Mobile USA, Inc.
5.500%, 01/15/2055
  70,000     64,415
TransDigm, Inc.
6.375%, 05/31/2033 (D)
  70,000     70,666
Tronox, Inc.
9.125%, 09/30/2030 (D)(F)
  10,000     10,046
UKG, Inc.
6.875%, 02/01/2031 (D)
  130,000     126,292
Univision Communications, Inc.
8.875%, 04/15/2033 (D)
  130,000     127,975
USA Compression Partners LP
6.250%, 10/01/2033 (D)
  15,000     14,871
UWM Holdings LLC
6.250%, 03/15/2031 (D)
  130,000     115,859
Velocity Vehicle Group LLC
8.000%, 06/01/2029 (D)
  28,000     27,652
Venture Global LNG, Inc.
8.375%, 06/01/2031 (D)
  17,000     17,696
Venture Global Plaquemines LNG LLC          
6.125%, 12/15/2030 (D)   5,000     5,116
6.500%, 06/15/2034 (D)   10,000     10,418
Veritiv Operating Company
10.500%, 11/30/2030 (D)
  125,000     127,842
Verizon Communications, Inc.          
5.875%, 11/30/2055   130,000     126,123
6.000%, 11/30/2065   65,000     63,321
6.050%, (6.050% to 5-14-33, then 5 Year CMT + 1.813% to 5-14-38, then 5 Year CMT + 2.063% to 5-14-53, then 5 Year CMT + 2.813%), 05/14/2058   25,000     25,231
6.200%, (6.200% to 5-14-36, then 5 Year CMT + 2.042%), 05/14/2056   53,000     53,582
Versant Media Group, Inc.
7.250%, 01/30/2031 (D)
  7,000     7,242
VoltaGrid LLC
7.375%, 11/01/2030 (D)
  22,000     22,840
Walmart, Inc.
4.050%, 06/29/2048
  85,000     69,623
WULF Compute LLC
7.750%, 10/15/2030 (D)
  76,000     79,826
          15,505,779
TOTAL CORPORATE BONDS (Cost $21,970,447)   $ 21,439,511
CONVERTIBLE BONDS - 9.3%      
Australia - 0.1%          
IREN, Ltd.          
1.000%, 06/01/2033 (D)   61,000     67,283
1.000%, 12/01/2033 (D)   5,000     4,340
2.817%, 07/01/2031 (C)(D)   8,000     6,948
          78,571
Canada - 0.0%          
Advantage Energy, Ltd.
5.000%, 06/30/2029 (D)
CAD 90,000     67,850
Cayman Islands - 0.0%          
Seagate HDD Cayman
3.500%, 06/01/2028
$ 2,000     23,333
China - 0.4%          
Alibaba Group Holding, Ltd.          
0.500%, 06/01/2031   10,000     11,795
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CONVERTIBLE BONDS (continued)      
China (continued)          
Alibaba Group Holding, Ltd. (continued)          
1.912%, 09/15/2032 (C) $ 240,000   $ 213,000
Baidu, Inc.
2.105%, 03/12/2032 (C)
  200,000     177,300
Country Garden Holdings Company, Ltd.
55.235%, 12/31/2034 (C)
  16,284     366
JD.com, Inc.
0.250%, 06/01/2029 (F)
  165,000     161,865
          564,326
India - 0.2%          
MakeMyTrip, Ltd.
2.433%, 07/01/2030 (C)
  295,000     267,565
Israel - 0.1%          
Wix.com, Ltd.
6.621%, 09/15/2030 (C)(D)
  275,000     209,115
Japan - 0.1%          
Nxera Pharma Company, Ltd.
0.250%, 12/14/2028
JPY 30,000,000     154,525
Jersey, Channel Islands - 0.1%          
Goldman Sachs Finance Corp. International, Ltd.
0.856%, 03/07/2030 (C)
$ 100,000     96,862
Luxembourg - 0.0%          
Arrival SA
3.500%, 12/01/2026 (D)(H)
  515,000     52
Macau - 0.1%          
Wynn Macau, Ltd.
4.500%, 03/07/2029 (D)
  210,000     208,740
Singapore - 0.1%          
Grab Holdings, Ltd.
0.697%, 06/15/2030 (C)
  70,000     68,075
United Kingdom - 0.2%          
Barclays Bank PLC
1.000%, 02/16/2029
  65,000     64,558
Immunocore Holdings PLC
2.500%, 02/01/2030
  305,000     279,075
          343,633
United States - 7.9%          
AeroVironment, Inc.
1.204%, 07/15/2030 (C)
  93,000     88,548
Akamai Technologies, Inc.          
0.250%, 05/15/2033   17,000     24,790
1.420%, 05/15/2032 (C)(D)   25,000     22,984
Alnylam Pharmaceuticals, Inc.
3.656%, 09/15/2028 (C)(D)
  305,000     281,383
Beyond Meat, Inc.
9.500%, (0.000% Cash and 9.500% PIK), 10/15/2030
  23,137     15,557
Bloom Energy Corp., Zero Coupon
0.000%, 11/15/2030 (D)
  6,000     10,971
Boston Properties LP
2.000%, 10/01/2030 (D)
  8,000     7,736
BridgeBio Pharma, Inc.          
0.750%, 02/01/2033 (D)   9,000     8,911
1.750%, 03/01/2031   10,000     16,820
CenterPoint Energy, Inc.          
2.875%, 05/15/2029 (D)   419,000     421,599
3.000%, 08/01/2028 (D)   660,000     701,250
Coinbase Global, Inc.
4.076%, 10/01/2032 (C)(D)
  330,000     256,080
CoreWeave, Inc.
1.750%, 10/01/2032 (D)
  78,000     85,862
 
The accompanying notes are an integral part of the financial statements. 66  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CONVERTIBLE BONDS (continued)      
United States (continued)          
Cytokinetics, Inc.
1.750%, 10/01/2031 (D)
$ 6,000   $ 8,985
Duke Energy Corp.
3.000%, 03/15/2029 (D)
  1,277,000     1,270,615
EchoStar Corp.
3.875%, 11/30/2030
  8,000     24,980
Etsy, Inc.
1.000%, 06/15/2030
  14,000     16,229
Exelon Corp.
3.250%, 03/15/2029 (D)
  1,220,000     1,237,324
FirstEnergy Corp.          
3.625%, 01/15/2029   350,000     382,025
3.875%, 01/15/2031   350,000     388,570
Global Payments, Inc.
1.500%, 03/01/2031
  395,000     354,513
Ionis Pharmaceuticals, Inc.
1.750%, 06/15/2028
  28,000     43,523
Ionis Pharmaceuticals, Inc., Zero Coupon
0.000%, 12/01/2030 (D)
  3,000     3,195
Lumentum Holdings, Inc.
0.375%, 03/15/2032 (D)
  7,000     32,288
Meritage Homes Corp.
1.750%, 05/15/2028
  566,000     583,263
Microchip Technology, Inc.
0.750%, 06/01/2030
  7,000     7,696
Microchip Technology, Inc., Zero Coupon
0.000%, 02/15/2030 (D)
  25,000     28,776
NCL Corp., Ltd.          
0.750%, 09/15/2030 (D)   96,000     92,765
0.875%, 04/15/2030 (F)   9,000     10,024
ON Semiconductor Corp.
0.123%, 05/01/2031 (C)(D)
  14,000     13,916
Parsons Corp.
2.625%, 03/01/2029
  65,000     63,947
PG&E Corp.
4.250%, 12/01/2027
  495,000     505,890
PPL Capital Funding, Inc.
3.000%, 12/01/2030 (D)
  1,248,000     1,268,966
ProPetro Holding Corp.
1.080%, 11/15/2031 (C)(D)
  10,000     9,431
Realty Income Corp.
3.500%, 01/15/2029 (D)
  340,000     349,350
Rexford Industrial Realty LP
4.125%, 03/15/2029 (D)
  465,000     456,630
Snap, Inc.
0.125%, 03/01/2028
  340,000     312,392
Snowflake, Inc., Zero Coupon
0.000%, 10/01/2029
  60,000     106,086
Solaris Energy Infrastructure, Inc.
0.250%, 10/01/2031
  10,000     16,263
Tempus AI, Inc., Zero Coupon
0.000%, 05/15/2032 (D)
  6,000     6,724
Terawulf, Inc.
2.750%, 02/01/2030 (D)
  2,000     6,115
Terawulf, Inc., Zero Coupon
0.000%, 05/01/2032 (D)
  55,000     81,398
Tetra Tech, Inc.
2.250%, 08/15/2028
  65,000     68,283
The Southern Company
3.250%, 06/15/2028
  1,110,000     1,121,728
Tyler Technologies, Inc.
0.500%, 07/15/2031 (D)
  52,000     51,506
WEC Energy Group, Inc.
3.375%, 06/01/2028
  220,000     228,360
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
CONVERTIBLE BONDS (continued)      
United States (continued)          
Western Digital Corp.
3.000%, 11/15/2028
$ 3,000   $ 50,518
Zscaler, Inc.
3.970%, 07/15/2028 (C)(D)
  220,000     202,950
          11,347,715
TOTAL CONVERTIBLE BONDS (Cost $13,895,748)   $ 13,430,362
TERM LOANS (I) - 3.4%      
United States - 3.4%          
ABG Intermediate Holdings 2 LLC, 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 12/21/2028   57,312     57,312
Acrisure LLC, 2024 1st Lien Term Loan B6 (1 month CME Term SOFR + 3.000%) 6.644%, 11/06/2030   98,254     88,674
Asurion LLC, 2025 Term Loan B13 (3 month CME Term SOFR + 4.250%) 7.913%, 09/19/2030   107,047     105,777
AthenaHealth Group, Inc., 2026 Term Loan B (1 month CME Term SOFR + 3.250%) 6.894%, 02/16/2032   99,748     98,601
Berlin Packaging LLC, 2025 Term Loan B7 (3 month CME Term SOFR + 3.250%) 6.967%, 06/07/2031   163,686     162,726
Blackfin Pipeline LLC, Term Loan B (1 month CME Term SOFR + 3.000%) 6.688%, 09/29/2032   99,500     99,749
Caesars Entertainment, Inc., Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 02/06/2030   84,788     81,794
Chobani LLC, 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 10/28/2032   199,000     199,285
Cinemark USA, Inc., 2026 Term Loan B (1 and 3 month CME Term SOFR + 2.000%) 5.644%, 05/24/2030   120,987     121,031
CoreWeave Financing V LLC, Delayed Draw Term Loan (3 month CME Term SOFR + 4.500%) 8.232%, 11/17/2031   35,516     36,219
Corpay Technologies Operating Company LLC, 2026 Fungible Term Loan B6 (1 month CME Term SOFR + 1.750%) 5.394%, 11/05/2032   124,688     124,649
CRC Insurance Group LLC, 2024 Term Loan B (3 month CME Term SOFR + 2.750%) 6.482%, 05/06/2031   45,968     44,830
Dave & Buster's, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.250%) 6.916%, 06/29/2029   100,000     87,750
Dayforce Bidco LLC, 2026 Term Loan (3 month CME Term SOFR + 3.000%) 6.663%, 02/04/2033   150,000     136,292
Discovery Global Holdings, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 06/03/2033   98,077     98,068
Fortress Intermediate 3, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.000%) 6.624%, 06/27/2031   144,662     143,577
Hobbs & Associates LLC, Term Loan B (1 month CME Term SOFR + 2.750%) 6.394%, 07/23/2031   208,425     207,904
 
The accompanying notes are an integral part of the financial statements. 67  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
TERM LOANS (I) (continued)      
United States (continued)          
HUB International, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 2.250%) 5.922%, 06/20/2030 $ 87,068   $ 86,925
IRB Holding Corp., 2025 Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 12/16/2030   83,162     83,154
LBM Acquisition LLC, 2024 Incremental Term Loan B (1 month CME Term SOFR + 3.750%) 7.502%, 06/06/2031   98,032     81,910
LSF12 Crown US Commercial Bidco LLC, 2026 Term Loan B (1 month CME Term SOFR + 3.000%) 6.620%, 12/02/2031   90,564     90,726
LSF12 Phoenix Holdco LLC, 2026 Term Loan B (1 month CME Term SOFR + 4.500%) 8.144%, 03/25/2033   100,000     99,167
McAfee Corp., 2024 USD 1st Lien Term Loan B (1 month CME Term SOFR + 3.000%) 6.644%, 03/01/2029   253,462     224,313
MH Sub I LLC, 2023 Term Loan (1 month CME Term SOFR + 4.250%) 7.894%, 05/03/2028   57,029     55,366
MH Sub I LLC, 2024 Term Loan B4 (1 month CME Term SOFR + 4.250%) 7.894%, 12/31/2031   38,604     33,354
Owens-Illinois Group, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.000%) 6.644%, 09/30/2032   213,925     211,852
Peer USA LLC, 2025 USD Term Loan B (3 month CME Term SOFR + 2.250%) 5.982%, 10/14/2032   224,438     224,390
Proampac PG Borrower LLC, 2026 USD Term Loan B (1 and 3 month CME Term SOFR + 4.000%) 7.656%, 03/07/2033   100,000     98,161
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 02/10/2032   98,750     98,627
QXO Building Products, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.000%) 5.644%, 04/30/2032   200,000     199,584
Sedgwick Claims Management Services, Inc., 2023 Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 07/31/2031   189,178     186,719
Specialty Building Products Holdings LLC, 2021 Term Loan B (1 month CME Term SOFR + 3.750%) 7.494%, 10/16/2028   199,220     179,340
Sunrise Financing Partnership, Term Loan AAA (6 month CME Term SOFR + 2.470%) 6.099%, 02/15/2032   140,000     137,976
SupplyOne, Inc., 2024 Term Loan B (1 month CME Term SOFR + 3.500%) 7.144%, 04/21/2031   138,945     139,056
TKO Worldwide Holdings LLC, 2026 Term Loan B (3 month CME Term SOFR + 1.750%) 5.412%, 11/21/2031   99,499     99,126
TransDigm, Inc., 2023 Term Loan J (1 month CME Term SOFR + 2.500%) 6.144%, 02/28/2031   162,195     162,214
USI, Inc., 2024 Term Loan D (3 month CME Term SOFR + 2.250%) 5.982%, 11/21/2029   194,817     194,038
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
TERM LOANS (I) (continued)      
United States (continued)          
Varsity Brands, Inc., 2025 1st Lien Term Loan (3 month CME Term SOFR + 2.750%) 6.482%, 08/26/2031 $ 99,250   $ 99,338
Versant Media Group, Inc., Term Loan B (3 month CME Term SOFR + 3.500%) 7.232%, 01/30/2031   100,000     100,179
Windsor Holdings III LLC, 2025 USD Term Loan B (1 month CME Term SOFR + 2.750%) 6.394%, 08/01/2030   111,865     111,725
          4,891,478
TOTAL TERM LOANS (Cost $4,951,255)   $ 4,891,478
COLLATERALIZED MORTGAGE OBLIGATIONS - 5.6%      
Commercial and residential - 3.2%          
BAHA Trust, Series 2024-MAR, Class C,
7.766%, 12/10/2041 (D)(J)
  100,000     102,899
BANK          
Series 2018-BN15, Class B,
4.808%, 11/15/2061 (J)
  50,000     47,384
Series 2021-BN37, Class XA IO,
0.684%, 11/15/2064
  978,926     19,258
Series 2022-BNK42, Class AS,
4.880%, 06/15/2055 (J)
  60,000     57,537
BANK5, Series 2023-5YR4, Class C,
7.858%, 12/15/2056 (J)
  60,000     61,810
BBCMS Mortgage Trust          
Series 2024-5C25, Class C,
6.643%, 03/15/2057 (J)
  20,000     20,183
Series 2024-5C27, Class C,
6.700%, 07/15/2057 (J)
  20,000     20,274
Series 2024-C26, Class C,
6.000%, 05/15/2057 (J)
  90,000     88,473
Series 2025-C32, Class C,
6.125%, 02/15/2062
  55,000     54,953
Benchmark Mortgage Trust          
Series 2018-B1, Class AM,
3.878%, 01/15/2051 (J)
  85,000     82,374
Series 2018-B5, Class C,
4.747%, 07/15/2051 (J)
  90,000     78,744
Series 2024-V6, Class C,
6.669%, 03/15/2057
  20,000     20,171
Series 2026-V20, Class B,
5.687%, 02/15/2059 (J)
  30,000     30,194
BFLD Commercial Mortgage Trust, Series 2024-UNIV, Class B (1 month CME Term SOFR + 1.842%),
5.467%, 11/15/2041 (D)(E)
  55,000     55,052
BINOM Mortgage Loan Trust, Series 2026-NQM1, Class A1,
5.060%, 02/25/2066 (D)(J)
  98,579     97,726
BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class B (1 month CME Term SOFR + 1.900%),
5.525%, 12/15/2042 (D)(E)
  100,000     100,188
BOS Trust, Series 2026-LYRK, Class B,
5.643%, 05/11/2041 (D)(J)
  100,000     99,239
BPR Trust, Series 2024-PMDW, Class C,
5.850%, 11/05/2041 (D)(J)
  10,000     10,025
BX Trust          
Series 2024-BRVE, Class B (1 month CME Term SOFR + 2.540%),
6.165%, 04/15/2041 (D)(E)
  95,640     95,999
Series 2025-ARIA, Class C,
5.701%, 12/13/2042 (D)(J)
  150,000     149,576
 
The accompanying notes are an integral part of the financial statements. 68  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
BX Trust (continued)          
Series 2025-DELC, Class C (1 month CME Term SOFR + 2.200%),
5.825%, 12/15/2042 (D)(E)
$ 100,000   $ 100,455
Series 2026-CART, Class C (1 month CME Term SOFR + 1.550%),
5.175%, 02/15/2036 (D)(E)
  100,000     99,875
CFCRE Commercial Mortgage Trust, Series 2016-C6, Class B,
3.804%, 11/10/2049
  60,000     56,902
CIM Trust, Series 2023-R4, Class M2,
5.027%, 05/25/2062 (D)(J)
  120,000     104,452
COLT Mortgage Loan Trust, Series 2024-7, Class A3 (5.994% to 11-1-28, then 6.994% thereafter),
5.994%, 12/26/2069 (D)
  66,250     66,343
Commercial Mortgage Trust (Cantor
Fitzgerald/Deutsche Bank AG)
         
Series 2014-CR15, Class B,
3.911%, 02/10/2047 (J)
  15,669     15,079
Series 2014-CR15, Class C,
3.961%, 02/10/2047 (J)
  35,000     32,965
CRB Commercial Mortgage Trust, Series 2025-CRE1, Class A,
3.903%, 09/15/2058 (D)(J)
  71,595     70,593
CSMC Trust, Series 2021-NQM6, Class A2,
1.379%, 07/25/2066 (D)(J)
  47,470     40,835
Extended Stay America Trust, Series 2026-ESH2, Class E (1 month CME Term SOFR + 2.900%),
6.525%, 02/15/2043 (D)(E)
  60,900     61,517
GCAT Trust, Series 2022-NQM2, Class A1,
5.210%, 02/25/2067 (D)(J)
  61,901     61,672
GS Mortgage Securities Trust, Series 2024-70P, Class A,
5.487%, 03/10/2041 (D)(J)
  100,000     99,798
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class B,
3.460%, 08/15/2049
  95,000     86,483
JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class B,
5.512%, 09/15/2047 (J)
  40,000     38,999
JW Commercial Mortgage Trust, Series 2026-MRCO, Class B (1 month CME Term SOFR + 1.700%),
5.325%, 06/15/2039 (D)(E)
  10,000     10,037
LBTY Commercial Mortgage Trust, Series 2026-225L, Class C,
5.248%, 02/10/2043 (D)(J)
  100,000     98,398
MFA Trust, Series 2026-NQMR1, Class A1,
5.502%, 11/25/2067 (D)(J)
  118,663     118,398
Morgan Stanley Residential Mortgage
Loan Trust
         
Series 2026-DSC2, Class A1,
5.440%, 04/27/2071 (D)(J)
  103,106     102,837
Series 2026-NQM4, Class A1,
5.075%, 03/25/2071 (D)(J)
  105,729     104,817
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
NYC Commercial Mortgage Trust, Series 2025-28L, Class B,
5.174%, 11/05/2038 (D)(J)
$ 100,000   $ 99,491
OBX Trust, Series 2026-NQM6, Class A3 (5.417% to 4-1-30, then 6.417% thereafter),
5.417%, 04/26/2066 (D)
  97,409     96,979
Pretium Mortgage Credit Partners LLC          
Series 2025-NPL12, Class A2 (6.900% to 10-25-29, then 10.900% thereafter),
6.900%, 11/25/2055 (D)
  100,000     100,143
Series 2025-NPL14, Class A1 (5.265% to 12-25-28, then 8.265% to 12-25-29, then 9.625% thereafter),
5.265%, 12/25/2055 (D)
  117,906     116,613
Series 2025-RPL1, Class A1 (4.000% to 1-1-29, then 5.000% thereafter),
4.000%, 07/25/2069 (D)
  87,512     84,818
Series 2025-RPL1, Class A2 (4.000% to 1-1-29, then 5.000% thereafter),
4.000%, 07/25/2069 (D)
  115,000     110,532
Series 2026-NPL2, Class A1 (5.074% to 1-25-29, then 8.074% to 1-25-30, then 9.074% thereafter),
5.074%, 02/25/2056 (D)
  92,875     92,149
Series 2026-NPL5, Class A1 (5.710% to 4-25-29, then 8.710% to 4-25-30, then 9.710% thereafter),
5.710%, 04/25/2056 (D)
  167,028     167,060
Progress Residential Trust          
Series 2021-SFR9, Class F,
4.053%, 11/17/2040 (D)
  100,000     96,255
Series 2022-SFR1, Class E1,
3.930%, 02/17/2041 (D)
  150,000     143,938
Series 2022-SFR4, Class C,
4.888%, 05/17/2041 (D)
  100,000     98,532
Series 2022-SFR7, Class D,
5.500%, 10/27/2039 (D)
  100,000     99,147
Series 2024-SFR3, Class E1,
4.000%, 06/17/2041 (D)
  100,000     95,092
Series 2026-SFR1, Class C,
4.000%, 02/17/2043 (D)
  100,000     93,772
PRPM LLC, Series 2025-6, Class A1 (5.774% to 8-1-28, then 8.774% to 8-1-29, then 9.774% thereafter),
5.774%, 08/25/2028 (D)
  86,486     86,203
ROCK Trust, Series 2024-CNTR, Class C,
6.471%, 11/13/2041 (D)
  100,000     102,390
TRTX Issuer, Ltd., Series 2025-FL6, Class B (1 month CME Term SOFR + 2.046%),
5.684%, 09/18/2042 (D)(E)
  100,000     99,770
Verus Securitization Trust          
Series 2021-5, Class A1,
1.013%, 09/25/2066 (D)(J)
  47,514     40,800
Series 2025-1, Class A3 (5.976% to 1-1-29, then 6.976% thereafter),
5.976%, 01/25/2070 (D)
  71,418     71,545
 
The accompanying notes are an integral part of the financial statements. 69  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
WBHT Commercial Mortgage Trust, Series 2025-WBM, Class A (1 month CME Term SOFR + 1.742%),
5.368%, 06/15/2042 (D)(E)
$ 100,000   $ 100,000
WSTN Trust, Series 2023-MAUI, Class B,
7.263%, 07/05/2037 (D)(J)
  30,000     30,267
          4,688,010
U.S. Government Agency - 2.4%          
Federal Home Loan Mortgage Corp.          
Series 2021-DNA6, Class M2 (30 day Average SOFR + 1.500%),
5.128%, 10/25/2041 (D)(E)
  129,743     129,893
Series 2021-DNA7, Class B2 (30 day Average SOFR + 7.800%),
11.428%, 11/25/2041 (D)(E)
  15,000     15,370
Series 2021-HQA3, Class M2 (30 day Average SOFR + 2.100%),
5.728%, 09/25/2041 (D)(E)
  190,000     190,525
Series 2022-DNA1, Class B2 (30 day Average SOFR + 7.100%),
10.728%, 01/25/2042 (D)(E)
  15,000     15,459
Series 2022-DNA5, Class M2 (30 day Average SOFR + 6.750%),
10.378%, 06/25/2042 (D)(E)
  75,000     79,162
Series 2022-HQA1, Class M2 (30 day Average SOFR + 5.250%),
8.878%, 03/25/2042 (D)(E)
  470,000     483,510
Series 2023-DNA1, Class M2 (30 day Average SOFR + 5.500%),
9.130%, 03/25/2043 (D)(E)
  35,000     37,450
Series 2023-DNA2, Class B1 (30 day Average SOFR + 7.600%),
11.228%, 04/25/2043 (D)(E)
  20,000     22,082
Series 2024-DNA1, Class M2 (30 day Average SOFR + 1.950%),
5.578%, 02/25/2044 (D)(E)
  100,000     100,969
Series 2024-DNA3, Class M2 (30 day Average SOFR + 1.450%),
5.078%, 10/25/2044 (D)(E)
  8,465     8,465
Series 2024-MN9, Class M1 (30 day Average SOFR + 2.450%),
6.080%, 10/25/2044 (D)(E)
  23,688     23,838
Series 2025-DNA1, Class M2 (30 day Average SOFR + 1.350%),
4.978%, 01/25/2045 (D)(E)
  35,000     34,979
Series 2025-DNA3, Class M2 (30 day Average SOFR + 1.500%),
5.128%, 09/25/2045 (D)(E)
  30,000     30,100
Series 2025-DNA4, Class M2 (30 day Average SOFR + 1.550%),
5.178%, 10/25/2045 (D)(E)
  125,000     125,278
Series 2025-HQA1, Class M2 (30 day Average SOFR + 1.650%),
5.278%, 02/25/2045 (D)(E)
  30,000     30,109
Series 2025-MN10, Class M1 (30 day Average SOFR + 2.050%),
5.678%, 02/25/2045 (D)(E)
  97,817     96,871
Series 2025-MN11, Class M2 (30 day Average SOFR + 2.650%),
6.278%, 07/25/2045 (D)(E)
  60,000     59,871
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal Home Loan
Mortgage Corp. (continued)
         
Series 2026-HQA1, Class M2 (30 day Average SOFR + 1.500%),
5.128%, 05/25/2046 (D)(E)
$ 15,000   $ 14,998
Series 2026-MN14, Class M2 (30 day Average SOFR + 2.700%),
6.290%, 06/25/2046 (D)(E)
  40,000     40,057
Series 324, Class C18 IO,
4.000%, 12/15/2033
  113,272     8,697
Series 400, Class C4 IO,
3.000%, 12/25/2052
  114,902     20,164
Series 405, Class C17 IO,
2.500%, 08/25/2052
  100,367     15,217
Series 4446, Class BI IO,
6.500%, 04/15/2039
  48,857     8,501
Series 4975, Class EI IO,
4.500%, 05/25/2050
  92,519     16,992
Series 5158, Class GI IO,
3.500%, 06/25/2049
  74,850     12,304
Series 5462, Class S IO,
2.372%, 10/25/2054
  95,101     6,259
Series K103, Class X1 IO,
0.749%, 11/25/2029
  982,973     18,501
Series K106, Class X3 IO,
1.974%, 03/25/2048
  490,000     28,749
Series K122, Class X1 IO,
0.953%, 11/25/2030
  96,620     3,044
Series K129, Class X3 IO,
3.269%, 05/25/2031
  165,000     21,528
Series K737, Class X1 IO,
0.714%, 10/25/2026
  346,765     299
Series K740, Class X3 IO,
2.568%, 11/25/2047
  135,000     3,811
Series K742, Class X3, IO,
2.742%, 04/25/2028
  100,000     4,320
Series Q014, Class X IO,
2.733%, 10/25/2055
  139,545     19,205
Federal National Mortgage Association          
Series 2016-C04, Class 1B (30 day Average SOFR + 10.364%),
13.992%, 01/25/2029 (E)
  29,426     29,617
Series 2020-60, Class NI IO,
4.000%, 09/25/2050
  72,893     14,395
Series 2021-3, Class NI IO,
2.500%, 02/25/2051
  178,582     26,475
Series 2021-67, Class IG IO,
3.000%, 10/25/2051
  103,202     16,596
Series 2021-R03, Class 1B2 (30 day Average SOFR + 5.500%),
9.128%, 12/25/2041 (D)(E)
  150,000     152,819
Series 2022-R02, Class 2B1 (30 day Average SOFR + 4.500%),
8.128%, 01/25/2042 (D)(E)
  175,000     178,419
Series 2022-R03, Class 1B1 (30 day Average SOFR + 6.250%),
9.878%, 03/25/2042 (D)(E)
  69,000     71,491
Series 2022-R05, Class 2B1 (30 day Average SOFR + 4.500%),
8.128%, 04/25/2042 (D)(E)
  70,000     71,888
Series 2023-2, Class CI IO,
2.000%, 10/25/2050
  79,207     9,972
 
The accompanying notes are an integral part of the financial statements. 70  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
Series 2023-R01, Class 1B1 (30 day Average SOFR + 5.100%),
8.728%, 12/25/2042 (D)(E)
$ 20,000   $ 20,989
Series 2023-R02, Class 1M2 (30 day Average SOFR + 3.350%),
6.978%, 01/25/2043 (D)(E)
  40,000     41,240
Series 2023-R05, Class 1M2 (30 day Average SOFR + 3.100%),
6.728%, 06/25/2043 (D)(E)
  36,000     37,189
Series 2023-R06, Class 1B1 (30 day Average SOFR + 3.900%),
7.528%, 07/25/2043 (D)(E)
  20,000     20,899
Series 2023-R06, Class 1M2 (30 day Average SOFR + 2.700%),
6.328%, 07/25/2043 (D)(E)
  110,000     112,465
Series 2023-R08, Class 1B1 (30 day Average SOFR + 3.550%),
7.178%, 10/25/2043 (D)(E)
  35,000     36,478
Series 2024-86, Class SA IO,
1.422%, 12/25/2054
  144,505     4,572
Series 2024-90, Class B,
5.000%, 07/25/2051
  173,461     172,445
Series 2024-R02, Class 1B1 (30 day Average SOFR + 2.500%),
6.128%, 02/25/2044 (D)(E)
  60,000     61,436
Series 2024-R05, Class 2B1 (30 day Average SOFR + 2.000%),
5.628%, 07/25/2044 (D)(E)
  35,000     35,285
Series 2025-16, Class FC (30 day Average SOFR + 1.350%),
4.978%, 03/25/2055 (E)
  244,995     247,276
Series 2025-R01, Class 1B1 (30 day Average SOFR + 1.700%),
5.328%, 01/25/2045 (D)(E)
  60,000     59,775
Series 2025-R04, Class 1M2 (30 day Average SOFR + 1.500%),
5.128%, 05/25/2045 (D)(E)
  30,000     30,096
Series 2025-R06, Class 1B1 (30 day Average SOFR + 1.850%),
5.478%, 09/25/2045 (D)(E)
  47,000     47,304
Series 2026-13, Class FA (30 day Average SOFR + 0.850%),
4.478%, 03/25/2056 (E)
  111,702     111,462
Series 410, Class C8 IO,
4.000%, 04/25/2032
  58,122     3,956
Series 437, Class C8 IO,
2.500%, 06/25/2052
  101,881     15,358
Series 441, Class C5 IO,
2.000%, 04/25/2052
  86,052     10,626
Government National
Mortgage Association
         
Series 2015-62, Class CI IO,
4.500%, 05/20/2045
  98,515     20,262
Series 2017-130, Class IO,
4.500%, 02/20/2040
  96,390     15,107
Series 2018-168, Class AI IO,
5.000%, 12/16/2048
  79,931     15,429
Series 2020-146, Class IA IO,
3.500%, 11/20/2041
  144,807     20,898
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
Series 2021-142, Class BI IO,
3.500%, 08/20/2051
$ 105,365   $ 18,460
          3,457,256
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $8,165,070)   $ 8,145,266
ASSET-BACKED SECURITIES - 3.4%      
Apidos CLO XXXII, Series 2019-32A, Class ER (3 month CME Term SOFR + 5.500%),
9.175%, 01/20/2033 (D)(E)
  250,000     250,101
Avis Budget Rental Car Funding AESOP LLC, Series 2026-2A, Class C,
5.440%, 08/20/2032 (D)
  100,000     98,951
Bain Capital Credit CLO, Ltd.          
Series 2021-3A, Class CR (3 month CME Term SOFR + 1.900%),
5.567%, 07/24/2034 (D)(E)
  100,000     99,779
Series 2020-5A, Class DRR (3 month CME Term SOFR + 2.900%),
6.575%, 04/20/2034 (D)(E)
  250,000     245,722
Series 2020-4A, Class DAR2 (3 month CME Term SOFR + 2.950%),
6.625%, 10/20/2036 (D)(E)
  250,000     246,208
Benefit Street Partners CLO XXII, Ltd., Series 2020-22A, Class CRR (3 month CME Term SOFR + 1.750%),
5.425%, 04/20/2035 (D)(E)
  250,000     248,646
BlueMountain CLO, Ltd., Series 2018-2A, Class D (3 month CME Term SOFR + 3.412%),
7.063%, 08/15/2031 (D)(E)
  250,000     250,972
Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class D,
4.990%, 11/17/2031
  75,000     74,251
DataBank Issuer LLC, Series 2021-2A, Class A2,
2.400%, 10/25/2051 (D)
  55,000     54,559
DB Master Finance LLC, Series 2026-1A, Class A2I,
5.200%, 05/20/2056 (D)
  50,000     49,969
Eclipse Aircraft LLC, Series 2026-1, Class A,
5.626%, 05/15/2051 (D)
  248,228     247,251
Exeter Automobile Receivables Trust          
Series 2026-1A, Class D,
5.000%, 05/17/2032
  85,000     83,948
Series 2026-2A, Class D,
5.510%, 08/16/2032
  35,000     35,090
Exeter Select Automobile Receivables Trust, Series 2026-1, Class D,
6.100%, 11/15/2032
  50,000     50,451
First Investors Auto Owner Trust, Series 2026-1A, Class D,
5.800%, 04/17/2034 (D)
  20,000     20,029
FirstKey Homes Trust, Series 2022-SFR1, Class C,
4.642%, 05/19/2039 (D)
  105,000     104,257
 
The accompanying notes are an integral part of the financial statements. 71  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Flatiron CLO 23 LLC, Series 2023-1A, Class CR (3 month CME Term SOFR + 1.800%),
5.480%, 04/17/2036 (D)(E)
$ 250,000   $ 248,465
Hertz Vehicle Financing LLC          
Series 2022-2A, Class C,
2.950%, 06/26/2028 (D)
  100,000     98,087
Series 2021-2A, Class C,
2.520%, 12/27/2027 (D)
  100,000     99,269
Series 2025-5A, Class C,
5.500%, 05/25/2030 (D)
  100,000     98,576
Horizon Aircraft Finance I, Ltd., Series 2018-1, Class A,
4.458%, 12/15/2038 (D)
  68,121     67,911
Horizon Aircraft Finance II, Ltd., Series 2019-1, Class A,
3.721%, 07/15/2039 (D)
  54,208     53,666
Kinetic ABS Issuer LLC, Series 2026-2A, Class A2,
5.834%, 06/25/2058 (D)
  45,000     45,414
Lunar Structured Aircraft Portfolio Notes, Series 2021-1, Class A,
2.636%, 10/15/2046 (D)
  155,381     147,525
MAPS Trust, Series 2021-1A, Class A,
2.521%, 06/15/2046 (D)
  23,823     23,121
OCP CLO, Ltd., Series 2015-9A, Class D1R3 (3 month CME Term SOFR + 2.500%),
6.173%, 01/15/2037 (D)(E)
  250,000     249,601
OneMain Direct Auto Receivables Trust, Series 2025-1A, Class D,
6.100%, 07/14/2037 (D)
  100,000     101,277
Palmer Square Loan Funding, Ltd., Series 2025-1A, Class C (3 month CME Term SOFR + 2.250%),
5.901%, 02/15/2033 (D)(E)
  250,000     241,186
PFP, Ltd., Series 2026-14, Class AS (1 month CME Term SOFR + 1.600%),
5.250%, 12/18/2043 (D)(E)
  100,000     100,062
Santander Drive Auto Receivables Trust, Series 2025-4, Class D,
4.950%, 01/15/2032
  75,000     74,623
SLAM, Ltd.          
Series 2024-1A, Class A,
5.335%, 09/15/2049 (D)
  88,592     87,710
Series 2026-1A, Class A,
5.547%, 07/15/2051 (D)
  248,981     248,265
Sonic Capital LLC          
Series 2020-1A, Class A2I,
3.845%, 01/20/2050 (D)
  89,458     88,754
Series 2021-1A, Class A2II,
2.636%, 08/20/2051 (D)
  47,335     40,345
Start II, Ltd., Series 2019-1, Class A,
4.089%, 03/15/2044 (D)
  58,684     58,825
Subway Funding LLC, Series 2024-1A, Class A2I,
6.028%, 07/30/2054 (D)
  68,950     69,230
Symphony CLO XXII, Ltd., Series 2020-22A, Class CR (3 month CME Term SOFR + 2.100%),
5.775%, 04/18/2033 (D)(E)
  250,000     250,006
VCAT LLC, Series 2026-NPL1, Class A1 (5.101% to 1-25-29, then 8.101% to 1-25-30, then 9.101% thereafter),
5.101%, 01/25/2056 (D)
  118,030     117,135
Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
VOLT CII LLC, Series 2021-NP11, Class A1,
5.868%, 08/25/2051 (D)
$ 6,918   $ 6,919
Wendy's Funding LLC, Series 2018-1A, Class A2II,
3.884%, 03/15/2048 (D)
  45,733     44,677
Westlake Automobile Receivables Trust, Series 2026-2A, Class D,
5.250%, 03/15/2032 (D)
  69,000     68,914
TOTAL ASSET-BACKED SECURITIES (Cost $4,901,234)   $ 4,889,747
COMMON STOCKS - 0.0%      
China - 0.0%          
Country Garden Holdings Company, Ltd. (K)   870     19
Yuzhou Group Holdings Company, Ltd. (K)   30,226     461
          480
Denmark - 0.0%          
Ascendis Pharma A/S (K)   24     6,401
Mexico - 0.0%          
Unifin Financiera SAB de CV (K)(L)   27,653     0
United States - 0.0%          
Beyond Meat, Inc. (F)(K)   36,873     27,655
TOTAL COMMON STOCKS (Cost $195,080)   $ 34,536
PREFERRED SECURITIES - 2.2%      
Bermuda - 0.1%          
Enstar Group, Ltd., 7.000% (7.000% to 9-1-28, then 3 month LIBOR + 4.015%)   3,356     71,147
United States - 2.1%          
AGNC Investment Corp., 7.750% (7.750% to 10-15-27, then 5 Year CMT + 4.390%)   10,000     250,500
AGNC Investment Corp., 8.632% (3 month CME Term SOFR + 4.959%) (E)   10,000     249,500
Alphabet, Inc., 6.250%   161     8,193
Alphabet, Inc., 6.250%   161     8,098
Ares Management Corp., 6.750%   1,354     49,624
Bank of America Corp., 7.250%   30     37,635
Brighthouse Financial, Inc., 5.375%   1,326     15,872
Capital One Financial Corp., 4.250%   2,320     36,215
Capital One Financial Corp., 5.000%   775     14,167
Citigroup, Inc., 6.250%   2,495     62,774
Citizens Financial Group, Inc., 6.500% (6.500% to 10-6-30, then 5 Year CMT + 2.629%)   3,525     87,350
Corebridge Financial, Inc., 6.375%   1,597     36,635
KeyCorp, 5.650% (F)   1,125     23,479
KKR & Company, Inc., 6.250% (F)   5,669     225,910
Morgan Stanley, 4.250%   385     6,533
Morgan Stanley, 6.625% (F)   2,850     72,390
Oracle Corp., 6.500%   6,827     306,874
PG&E Corp., 6.000%   1,826     75,542
PPL Corp., 7.000%   1,311     64,331
Sempra, 5.750%   537     11,202
Stifel Financial Corp., 5.200% (F)   11,229     224,243
Synchrony Financial, 8.250% (8.250% to 5-15-29, then 5 Year CMT + 4.044%)   4,234     109,534
The Boeing Company, 6.000%   1,000     67,300
The Southern Company, 6.500% (F)   1,456     36,429
T-Mobile USA, Inc., 5.500% (F)   1,997     40,719
T-Mobile USA, Inc., 5.500% (F)   2,199     45,167
Wells Fargo & Company, 4.700%   1,000     18,350
 
The accompanying notes are an integral part of the financial statements. 72  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
    Shares or
Principal
Amount
  Value
PREFERRED SECURITIES (continued)      
United States (continued)          
Wells Fargo & Company, 4.750%   1,229   $ 22,958
Wells Fargo & Company, 7.500%   714     826,098
          3,033,622
TOTAL PREFERRED SECURITIES (Cost $3,175,043)   $ 3,104,769
EXCHANGE-TRADED FUNDS - 0.1%      
iShares iBoxx $ High Yield Corporate Bond ETF (F)   1,710     136,749
TOTAL EXCHANGE-TRADED FUNDS (Cost $136,800)   $ 136,749
ESCROW CERTIFICATES - 0.0%          
Sunnova Energy International, Inc. (K)(L) $ 50,000     30
Sunnova Energy International, Inc. (K)(L)   390,000     683
Unifin Financiera SAB de CV (K)   205,000     13,325
TOTAL ESCROW CERTIFICATES (Cost $489,178)   $ 14,038
SHORT-TERM INVESTMENTS - 3.7%      
U.S. Government - 0.1%          
U.S. Treasury Bill
3.592%, 07/28/2026 (A)*
  180,000     179,512
Short-term funds - 3.6%          
John Hancock Collateral Trust, 3.6026% (M)(N)   156,277     1,562,679
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.5748% (M)   3,563,576     3,563,576
          5,126,255
TOTAL SHORT-TERM INVESTMENTS (Cost $5,305,790)   $ 5,305,767
Total Investments (Opportunistic Fixed Income Trust)
(Cost $176,500,361) - 121.0%
  $ 174,200,470
Other assets and liabilities, net - (21.0%)     (30,277,584)
TOTAL NET ASSETS - 100.0%   $ 143,922,886
SALE COMMITMENTS
OUTSTANDING - (9.4%)
       
U.S. Government Agency - (9.4)%          
Federal National Mortgage Association          
2.000%, TBA (B) $ (875,000)   $ (698,496)
2.500%, TBA (B)   (830,000)     (693,634)
2.500%, TBA (B)   (725,000)     (605,460)
2.500%, TBA (B)   (1,280,000)     (1,069,250)
3.000%, TBA (B)   (1,617,712)     (1,411,707)
3.000%, TBA (B)   (1,616,000)     (1,409,329)
4.000%, TBA (B)   (255,000)     (238,435)
6.000%, TBA (B)   (935,000)     (956,914)
6.000%, TBA (B)   (760,000)     (776,388)
6.500%, TBA (B)   (993,000)     (1,031,091)
Government National
Mortgage Association
         
4.000%, TBA (B)   (325,000)     (301,933)
4.000%, TBA (B)   (135,000)     (125,342)
4.500%, TBA (B)   (3,005,000)     (2,885,010)
4.500%, TBA (B)   (605,000)     (581,339)
5.000%, TBA (B)   (545,000)     (537,824)
5.000%, TBA (B)   (255,000)     (251,373)
TOTAL SALE COMMITMENTS OUTSTANDING (Proceeds received $13,581,152)   $ (13,573,525)
Currency Abbreviations
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
Opportunistic Fixed Income Trust (continued)
CLP Chilean Peso
COP Colombian Peso
CZK Czech Republic Koruna
EUR Euro
GBP Pound Sterling
HUF Hungarian Forint
IDR Indonesian Rupiah
INR Indian Rupee
ISK Icelandic Krona
JPY Japanese Yen
KRW Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NZD New Zealand Dollar
PEN Peruvian Nuevo Sol
PLN Polish Zloty
PYG Paraguayan Guarani
RON Romanian New Leu
THB Thai Bhat
TRY Turkish Lira
ZAR South African Rand
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
EURIBOR Euro Interbank Offered Rate
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.
JIBAR Johannesburg Interbank Agreed Rate
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
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) All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(B) Security purchased or sold on a when-issued or delayed-delivery basis.
(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) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $26,898,164 or 18.7% of the fund's net assets as of 6-30-26.
(E) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) All or a portion of this security is on loan as of 6-30-26.
(G) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(H) Non-income producing - Issuer is in default.
(I) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(J) 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.
(K) Non-income producing security.
(L) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(M) The rate shown is the annualized seven-day yield as of 6-30-26.
 
The accompanying notes are an integral part of the financial statements. 73  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
(N) Investment is an affiliate of the portfolio, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
Opportunistic Fixed Income Trust (continued)
* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.
 
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
10-Year Australian Treasury Bond Futures 38 Long Sep 2026 $2,845,731 $2,889,222 $43,491
10-Year Japan Government Bond Futures 6 Long Sep 2026 4,703,205 4,714,905 11,700
10-Year U.S. Treasury Note Futures 105 Long Sep 2026 11,498,446 11,538,516 40,070
5-Year U.S. Treasury Note Futures 165 Long Sep 2026 17,676,616 17,662,735 (13,881)
Euro-Buxl Futures 3 Long Sep 2026 379,415 381,240 1,825
U.S. Treasury Long Bond Futures 18 Long Sep 2026 2,028,403 2,043,000 14,597
Ultra 10-Year U.S. Treasury Note Futures 41 Long Sep 2026 4,572,102 4,611,219 39,117
Ultra U.S. Treasury Bond Futures 66 Long Sep 2026 7,421,440 7,666,313 244,873
10-Year Canada Government Bond Futures 18 Short Sep 2026 (1,524,389) (1,537,091) (12,702)
2-Year U.S. Treasury Note Futures 22 Short Sep 2026 (4,531,714) (4,534,922) (3,208)
5-Year Canada Government Bond Futures 44 Short Sep 2026 (3,506,522) (3,508,831) (2,309)
Euro SCHATZ Futures 54 Short Sep 2026 (6,520,648) (6,537,774) (17,126)
Euro-OAT Futures 5 Short Sep 2026 (677,443) (685,446) (8,003)
German Euro BOBL Futures 5 Short Sep 2026 (659,332) (659,166) 166
German Euro BUND Futures 28 Short Sep 2026 (4,037,248) (4,073,963) (36,715)
U.K. Long Gilt Bond Futures 14 Short Sep 2026 (1,641,783) (1,656,656) (14,873)
            $287,022
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
ARS 91,384,000  USD 55,745  CITI 7/14/2026  $5,425  — 
ARS 35,540,000  USD 22,185  CITI 9/14/2026  740  — 
ARS 78,480,000  USD 46,912  CITI 10/16/2026  2,750  — 
ARS 53,710,000  USD 33,886  CITI 11/30/2026  —  $(804)
ARS 45,984,000  USD 28,289  CITI 12/2/2026  — 
AUD 3,600  USD 2,495  BARC 7/31/2026  —  (4)
AUD 2,734,000  USD 1,889,725  JPM 7/31/2026  2,185  — 
AUD 4,124,000  USD 2,854,664  SCB 7/31/2026  —  (884)
AUD 20,000  USD 14,064  SCB 9/16/2026  —  (236)
BRL 52,995,000  USD 10,183,680  BARC 7/2/2026  82,093  — 
BRL 61,467,000  USD 11,897,736  CITI 7/2/2026  9,166  — 
BRL 7,120,000  USD 1,371,260  HSBC 7/2/2026  7,971  — 
BRL 3,582,000  USD 691,960  MSI 7/2/2026  1,917  — 
BRL 8,140,000  USD 1,567,254  SSB 7/2/2026  9,563  — 
BRL 3,582,000  USD 681,688  MSI 7/31/2026  7,505  — 
BRL 545,000  USD 104,671  HSBC 8/4/2026  93  — 
BRL 1,237,000  USD 238,331  GSI 9/2/2026  —  (2,235)
BRL 135,000  USD 25,783  JPM 9/2/2026  —  (16)
BRL 65,000  USD 12,395  MSI 9/2/2026  11  — 
BRL 80,000  USD 15,508  SCB 9/2/2026  —  (239)
CAD 1,975,000  USD 1,397,052  DB 7/31/2026  —  (2,748)
CHF 3,520  USD 4,364  GSI 7/31/2026  — 
CLP 330,900,000  USD 361,892  BARC 7/31/2026  —  (2,812)
CLP 216,968,000  USD 239,940  CITI 7/31/2026  —  (4,494)
CLP 30,000,000  USD 32,513  HSBC 7/31/2026  42  — 
CLP 198,500,000  USD 216,940  SSB 7/31/2026  —  (1,535)
CLP 299,560,000  USD 326,283  BOA 9/16/2026  —  (1,033)
CLP 5,050,000  USD 5,513  GSI 9/16/2026  —  (30)
CLP 15,150,000  USD 16,553  HSBC 9/16/2026  —  (103)
CNY 44,000  USD 6,550  DB 9/16/2026  —  (38)
CNY 470,000  USD 69,346  JPM 9/16/2026  221  — 
CNY 1,936,000  USD 287,567  SCB 9/16/2026  —  (1,011)
COP 2,891,141,000  USD 833,362  BOA 7/31/2026  6,917  — 
COP 286,500,000  USD 82,421  HSBC 7/31/2026  847  — 
The accompanying notes are an integral part of the financial statements. 74  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
COP 127,900,000  USD 35,371  CITI 9/16/2026  $1,385  — 
COP 104,800,000  USD 29,911  SSB 9/16/2026  207  — 
CZK 4,680,000  USD 220,918  BARC 7/31/2026  —  $(548)
CZK 3,616,000  USD 172,730  BARC 9/16/2026  —  (2,387)
CZK 500,000  USD 23,529  CITI 9/16/2026  25  — 
CZK 1,839,000  USD 86,887  DB 9/16/2026  —  (255)
DOP 1,430,000  USD 21,975  DB 7/13/2026  2,083  — 
DOP 290,000  USD 4,813  DB 7/31/2026  46  — 
EGP 490,000  USD 9,955  CITI 7/6/2026  — 
EGP 490,000  USD 9,647  HSBC 7/6/2026  311  — 
EGP 1,049,000  USD 20,678  CITI 7/15/2026  541  — 
EGP 2,728,000  USD 52,382  CITI 7/22/2026  2,601  — 
EGP 2,300,000  USD 44,185  BOA 8/10/2026  1,756  — 
EGP 2,560,000  USD 47,717  CITI 9/3/2026  2,930  — 
EGP 700,000  USD 13,495  CITI 9/16/2026  292  — 
EGP 4,190,000  USD 75,346  CITI 10/5/2026  6,649  — 
EGP 1,000,000  USD 18,744  CITI 12/23/2026  240  — 
EGP 344,000  USD 6,500  BOA 12/31/2026  11  — 
EGP 516,000  USD 9,718  CITI 12/31/2026  49  — 
EUR 114,000  USD 130,098  BOA 7/31/2026  312  — 
EUR 565,000  USD 641,990  CITI 7/31/2026  4,339  — 
EUR 905,580  USD 1,038,954  DB 7/31/2026  —  (3,021)
EUR 616,000  USD 701,046  HSBC 7/31/2026  3,623  — 
EUR 102,000  USD 116,884  SSB 7/31/2026  —  (202)
EUR 97,000  USD 112,385  DB 9/16/2026  —  (1,202)
EUR 68,000  USD 78,856  GSI 9/16/2026  —  (914)
GBP 214,000  USD 283,405  CITI 7/31/2026  449  — 
GBP 9,290  USD 12,299  DB 7/31/2026  23  — 
GBP 215,000  USD 284,714  SCB 7/31/2026  467  — 
HKD 180,000  USD 22,985  DB 7/31/2026  —  (10)
HUF 15,100,000  USD 48,539  BARC 7/31/2026  —  (106)
HUF 45,990,000  USD 149,573  GSI 7/31/2026  —  (2,062)
HUF 55,835,000  USD 181,009  BOA 9/16/2026  —  (2,189)
HUF 12,200,000  USD 39,024  GSI 9/16/2026  48  — 
HUF 5,600,000  USD 17,878  MSI 9/16/2026  57  — 
IDR 2,405,000,000  USD 134,508  HSBC 7/31/2026  —  (543)
IDR 19,917,504,000  USD 1,109,883  SSB 7/31/2026  —  (426)
IDR 744,000,000  USD 41,173  DB 9/16/2026  123  — 
IDR 7,051,224,000  USD 388,706  GSI 9/16/2026  2,678  — 
IDR 605,000,000  USD 33,639  MSI 9/16/2026  —  (58)
INR 28,380,000  USD 298,691  DB 7/31/2026  585  — 
INR 13,580,000  USD 143,537  HSBC 7/31/2026  —  (331)
INR 5,050,000  USD 52,963  CITI 9/16/2026  82  — 
INR 3,200,000  USD 33,674  JPM 9/16/2026  —  (62)
INR 1,390,000  USD 14,615  MSI 9/16/2026  —  (14)
INR 54,853,000  USD 569,605  SCB 9/16/2026  6,564  — 
JPY 119,448,000  USD 744,460  JPM 7/31/2026  —  (8,150)
JPY 170,880,000  USD 1,060,754  MSI 7/31/2026  —  (7,403)
JPY 62,237,000  USD 386,840  SSB 7/31/2026  —  (3,194)
KRW 3,753,103,000  USD 2,442,758  DB 7/31/2026  —  (15,840)
KRW 542,970,000  USD 354,015  SSB 7/31/2026  —  (2,907)
KRW 32,350,000  USD 21,320  GSI 9/16/2026  —  (384)
KRW 33,230,000  USD 21,583  MSI 9/16/2026  —  (78)
KRW 110,090,000  USD 72,512  SCB 9/16/2026  —  (1,265)
KZT 18,800,000  USD 39,436  DB 7/28/2026  —  (444)
KZT 111,800,000  USD 220,873  DB 9/16/2026  6,826  — 
MXN 2,500,000  USD 142,683  BARC 7/31/2026  —  (64)
MXN 509,000  USD 29,318  DB 7/31/2026  —  (280)
MXN 360,000  USD 20,763  BOA 9/17/2026  —  (306)
MXN 3,188,000  USD 181,774  GSI 9/17/2026  —  (621)
MXN 459,000  USD 26,026  HSBC 9/17/2026  56  — 
MXN 240,000  USD 13,683  SSB 9/17/2026  —  (45)
MYR 560,000  USD 137,332  HSBC 7/31/2026  —  (76)
MYR 780,000  USD 192,218  HSBC 9/17/2026  —  (753)
NGN 51,309,000  USD 35,811  CITI 8/5/2026  784  — 
NGN 17,761,000  USD 12,588  GSI 9/2/2026  —  (79)
The accompanying notes are an integral part of the financial statements. 75  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
NOK 6,490,000  USD 659,608  CITI 7/31/2026  —  $(4,211)
NOK 8,086,000  USD 834,486  GSI 7/31/2026  —  (17,916)
NZD 2,215,000  USD 1,267,367  JPM 7/31/2026  —  (8,113)
NZD 50,000  USD 29,237  SCB 9/16/2026  —  (767)
PEN 130,000  USD 38,087  CITI 7/31/2026  —  (92)
PEN 170,000  USD 49,700  BARC 9/16/2026  —  (116)
PEN 120,000  USD 35,388  BOA 9/16/2026  —  (387)
PEN 829,000  USD 244,974  CITI 9/16/2026  —  (3,179)
PEN 200,000  USD 59,041  GSI 9/16/2026  —  (707)
PHP 31,249,000  USD 510,913  GSI 7/31/2026  —  (3,095)
PLN 460,000  USD 122,210  CITI 7/31/2026  $66  — 
PLN 110,000  USD 29,191  BOA 9/16/2026  49  — 
PLN 1,691,000  USD 460,565  CITI 9/16/2026  —  (11,069)
PLN 35,000  USD 9,560  GSI 9/16/2026  —  (257)
RON 265,000  USD 57,515  CITI 7/31/2026  185  — 
RON 150,000  USD 32,677  BOA 9/16/2026  —  (99)
RON 160,000  USD 34,729  CITI 9/16/2026  22  — 
RON 771,000  USD 169,190  GSI 9/16/2026  —  (1,737)
RSD 580,000  USD 5,623  CITI 7/31/2026  18  — 
RSD 1,397,000  USD 13,703  CITI 9/16/2026  —  (131)
SEK 6,671,000  USD 696,523  GSI 7/31/2026  —  (7,453)
SGD 50,000  USD 39,157  GSI 9/16/2026  —  (303)
THB 4,190,000  USD 125,722  HSBC 7/31/2026  701  — 
THB 7,214,000  USD 219,902  BOA 9/16/2026  —  (1,384)
THB 340,000  USD 10,368  SCB 9/16/2026  —  (69)
TRY 12,000,000  USD 220,814  DB 7/17/2026  33,293  — 
TRY 835,000  USD 17,472  BARC 7/31/2026  18  — 
TRY 5,242,000  USD 109,460  HSBC 7/31/2026  338  — 
TRY 16,410,000  USD 296,794  BARC 9/16/2026  34,409  — 
TRY 780,000  USD 15,729  HSBC 9/16/2026  14  — 
TRY 7,850,000  USD 139,954  BARC 11/4/2026  12,195  — 
TRY 9,565,000  USD 169,409  BARC 12/16/2026  9,709  — 
TRY 7,850,000  USD 139,690  BARC 1/29/2027  2,004  — 
TRY 7,985,000  USD 140,002  BARC 2/10/2027  2,666  — 
TRY 9,565,000  USD 158,884  BARC 3/17/2027  7,101  — 
USD 14,188  ARS 22,700,000  BOA 7/14/2026  —  (1,007)
USD 45,174  ARS 68,684,000  CITI 7/14/2026  —  (801)
USD 5,491,197  AUD 7,924,000  BARC 7/31/2026  7,843  — 
USD 1,405,804  AUD 2,034,000  HSBC 7/31/2026  —  (1,710)
USD 56,045  AUD 80,000  GSI 9/16/2026  732  — 
USD 10,237,415  BRL 52,995,000  BARC 7/2/2026  —  (28,358)
USD 12,047,443  BRL 61,467,000  CITI 7/2/2026  140,544  — 
USD 1,388,862  BRL 7,120,000  HSBC 7/2/2026  9,632  — 
USD 686,602  BRL 3,582,000  MSI 7/2/2026  —  (7,275)
USD 1,996,617  BRL 10,370,000  SSB 7/2/2026  —  (12,178)
USD 9,757,855  BRL 51,190,000  BARC 8/4/2026  —  (82,244)
USD 95,087  BRL 500,000  DB 9/2/2026  —  (344)
USD 451,716  BRL 2,334,000  HSBC 9/2/2026  6,245  — 
USD 200,143  BRL 1,048,000  MSI 9/2/2026  120  — 
USD 763,250  CAD 1,079,000  DB 7/31/2026  1,501  — 
USD 28,848  CAD 40,000  JPM 9/16/2026  549  — 
USD 654,640  CHF 528,000  GSI 7/31/2026  —  (899)
USD 586,067  CLP 529,957,000  CITI 7/31/2026  10,977  — 
USD 237,124  CLP 216,968,000  SSB 7/31/2026  1,678  — 
USD 29,188  CLP 26,900,000  CITI 9/16/2026  —  (19)
USD 128,306  CLP 116,005,000  DB 9/16/2026  2,353  — 
USD 718,270  CNY 4,853,000  BOA 7/31/2026  2,287  — 
USD 1,041,326  CNY 7,041,000  HSBC 7/31/2026  2,538  — 
USD 5,860,910  COP 20,332,962,000  BOA 7/31/2026  —  (48,648)
USD 182,542  COP 654,905,000  GSI 9/16/2026  —  (5,664)
USD 4,587,673  CZK 96,821,000  BARC 7/31/2026  28,601  — 
USD 94,358  CZK 1,980,000  BARC 9/16/2026  1,084  — 
USD 363,870  DOP 21,210,000  JPM 7/31/2026  8,439  — 
USD 9,938  EGP 490,000  CITI 7/6/2026  —  (20)
USD 9,955  EGP 490,000  HSBC 7/6/2026  —  (3)
USD 21,170  EGP 1,049,000  CITI 7/15/2026  —  (49)
The accompanying notes are an integral part of the financial statements. 76  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
USD 38,422  EGP 2,039,000  CITI 7/22/2026  —  $(2,674)
USD 13,684  EGP 689,000  GSI 7/22/2026  —  (202)
USD 36,151  EGP 1,980,000  CITI 8/10/2026  —  (3,398)
USD 6,317  EGP 320,000  GSI 8/10/2026  —  (75)
USD 115,901  EUR 102,000  BARC 7/31/2026  —  (781)
USD 9,171,202  EUR 7,993,386  DB 7/31/2026  $27,213  — 
USD 53,713  EUR 47,000  JPM 7/31/2026  —  (53)
USD 135,652  EUR 119,000  SCB 7/31/2026  —  (478)
USD 70,577  EUR 61,000  CITI 9/16/2026  658  — 
USD 461,391  EUR 399,000  DB 9/16/2026  4,051  — 
USD 115,913  EUR 100,000  SCB 9/16/2026  1,291  — 
USD 2,477,009  GBP 1,871,000  DB 7/31/2026  —  (4,729)
USD 70,984  GBP 53,000  GSI 9/16/2026  683  — 
USD 24,900  HKD 195,000  DB 7/31/2026  11  — 
USD 97,894  HUF 30,100,000  GSI 7/31/2026  1,349  — 
USD 148,991  HUF 45,990,000  HSBC 7/31/2026  1,479  — 
USD 14,374  HUF 4,500,000  BARC 9/16/2026  —  (38)
USD 1,096,667  IDR 19,761,934,000  BOA 7/31/2026  —  (4,125)
USD 669,688  IDR 11,980,000,000  SSB 7/31/2026  2,371  — 
USD 48,924  IDR 884,000,000  BARC 9/16/2026  —  (144)
USD 101,144  IDR 1,816,000,000  DB 9/16/2026  346  — 
USD 2,199,401  ILS 6,530,000  CITI 7/31/2026  3,462  — 
USD 23,384  ILS 70,000  BARC 9/16/2026  —  (184)
USD 56,268  ILS 165,000  CITI 9/16/2026  716  — 
USD 285,746  INR 27,150,000  DB 7/31/2026  —  (560)
USD 36,423  INR 3,470,000  MSI 9/16/2026  —  (26)
USD 3,154,266  JPY 508,130,000  MSI 7/31/2026  22,012  — 
USD 1,553,769  JPY 250,818,000  SCB 7/31/2026  7,658  — 
USD 5,974,951  KRW 9,180,034,000  DB 7/31/2026  38,745  — 
USD 42,180  KRW 64,820,000  BOA 9/16/2026  231  — 
USD 3,043,901  MXN 52,847,000  DB 7/31/2026  29,100  — 
USD 348,683  MXN 6,115,000  DB 9/17/2026  1,207  — 
USD 34,911  MXN 620,000  GSI 9/17/2026  —  (320)
USD 173  MXN 3,000  SCB 9/17/2026  — 
USD 700,010  MYR 2,900,000  HSBC 7/31/2026  —  (10,782)
USD 669,776  NOK 6,490,000  GSI 7/31/2026  14,379  — 
USD 3,288,289  NZD 5,747,000  JPM 7/31/2026  21,050  — 
USD 14,130  NZD 25,000  SCB 7/31/2026  —  (83)
USD 58,299  NZD 100,000  GSI 9/16/2026  1,359  — 
USD 76,834  PEN 260,000  CITI 7/31/2026  843  — 
USD 32,019  PEN 110,000  CITI 9/16/2026  —  (65)
USD 31,986  PEN 110,000  SCB 9/16/2026  —  (98)
USD 123,115  PHP 7,610,000  DB 9/16/2026  —  (304)
USD 941,224  PLN 3,507,000  JPM 7/31/2026  9,002  — 
USD 14,608  PLN 55,000  BARC 9/16/2026  —  (12)
USD 33,631  PLN 125,000  BOA 9/16/2026  404  — 
USD 35,937  PLN 135,000  DB 9/16/2026  52  — 
USD 110,927  PLN 417,000  GSI 9/16/2026  82  — 
USD 115,666  RON 530,000  DB 7/31/2026  267  — 
USD 99,598  RON 454,000  CITI 9/16/2026  994  — 
USD 123,450  RON 566,000  DB 9/16/2026  521  — 
USD 14,217  RON 65,000  GSI 9/16/2026  100  — 
USD 11,314  RSD 1,160,000  CITI 7/31/2026  30  — 
USD 7,821  SEK 76,000  SSB 7/31/2026  —  (29)
USD 705,576  SGD 912,000  BOA 7/31/2026  —  (773)
USD 109,444  SGD 140,000  DB 9/16/2026  654  — 
USD 31,184  SGD 40,000  SCB 9/16/2026  101  — 
USD 254,874  THB 8,380,000  HSBC 7/31/2026  2,027  — 
USD 230,703  TRY 12,000,000  DB 7/17/2026  —  (23,404)
USD 368,555  TRY 17,650,000  HSBC 7/31/2026  —  (1,138)
USD 182,475  TRY 9,565,000  BARC 9/16/2026  —  (10,575)
USD 99,143  TRY 5,435,000  DB 9/16/2026  —  (10,552)
USD 148,773  TRY 7,850,000  BARC 11/4/2026  —  (3,376)
USD 172,014  TRY 9,565,000  BARC 12/16/2026  —  (7,104)
USD 137,072  TRY 7,850,000  BARC 1/29/2027  —  (4,622)
USD 137,767  TRY 7,985,000  JPM 2/10/2027  —  (4,901)
The accompanying notes are an integral part of the financial statements. 77  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
USD 160,389  TRY 9,565,000  GSI 3/17/2027  —  $(5,597)
USD 7,221  UYU 290,000  CITI 7/31/2026  $6  — 
USD 951,106  ZAR 15,680,000  SSB 7/31/2026  —  (3,867)
USD 54,375  ZAR 910,000  CITI 9/16/2026  —  (839)
USD 349,223  ZAR 5,791,000  DB 9/16/2026  —  (2,147)
UYU 14,655,000  USD 364,908  CITI 7/31/2026  —  (311)
ZAR 1,970,000  USD 119,411  BARC 7/31/2026  570  — 
ZAR 11,180,000  USD 678,148  SSB 7/31/2026  2,757  — 
ZAR 2,396,000  USD 144,997  BOA 9/16/2026  381  — 
ZAR 760,000  USD 46,777  CITI 9/16/2026  —  (664)
ZAR 370,000  USD 22,588  GSI 9/16/2026  —  (138)
ZAR 140,000  USD 8,495  MSI 9/16/2026  ——  —— 
            $709,673  $(433,913)
    
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 8,880,000 AUD 3 month AUD BBR BBSW Fixed 4.750% Quarterly Quarterly Jun 2028 $25,426 $11,428 $36,854
Centrally cleared 8,880,000 AUD Fixed 4.750% 3 month AUD BBR BBSW Quarterly Quarterly Jun 2028 (34,051) (2,802) (36,853)
Centrally cleared 4,090,000 NZD 3 month NZD BBR Fixed 3.410% Semi-Annual Quarterly Sep 2028 (1,212) 283 (929)
Centrally cleared 450,000 USD Fixed 3.704% 1 day USD Compounded SOFR Annual Annual May 2029 3,044 3,044
Centrally cleared 23,960,000 CNY Fixed 2.010% 1 week CNY CNREPOFIX Quarterly Quarterly Sep 2029 (65,196) (65,196)
Centrally cleared 11,025,000 CNY Fixed 1.753% 1 week CNY CNREPOFIX Quarterly Quarterly Sep 2029 (16,884) (16,884)
Centrally cleared 21,340,000 CNY Fixed 1.573% 1 week CNY CNREPOFIX Quarterly Quarterly Jun 2030 (16,122) (16,122)
Centrally cleared 21,680,000 CNY Fixed 1.604% 1 week CNY CNREPOFIX Quarterly Quarterly Dec 2030 (21,293) (21,293)
Centrally cleared 1,010,000 AUD 6 month AUD BBR BBSW Fixed 4.182% Semi-Annual Semi-Annual Dec 2030 (13,019) (13,019)
Centrally cleared 3,348,231 BRL 1 day BRL CDI Fixed 13.470% At Maturity At Maturity Jan 2031 (16,540) (16,540)
Centrally cleared 10,650,000 CNY Fixed 1.592% 1 week CNY CNREPOFIX Quarterly Quarterly Mar 2031 132 (9,984) (9,852)
Centrally cleared 10,575,000 CNY Fixed 1.631% 1 week CNY CNREPOFIX Quarterly Quarterly Mar 2031 (12,546) (12,546)
Centrally cleared 10,575,000 CNY Fixed 1.629% 1 week CNY CNREPOFIX Quarterly Quarterly Mar 2031 (12,404) (12,404)
Centrally cleared 2,262,080,000 KRW 3 month KRW Certificate of Deposit Rate Fixed 3.440% Quarterly Quarterly Mar 2031 2,123 (28,789) (26,666)
Centrally cleared 31,915,000 CZK 6 month CZK PRIBOR Fixed 3.795% Annual Semi-Annual Mar 2031 (19,265) (19,265)
Centrally cleared 5,060,000 AUD 6 month AUD BBR BBSW Fixed 4.891% Semi-Annual Semi-Annual Mar 2031 40,078 40,078
Centrally cleared 30,685,000 NOK 6 month NOK NIBOR Fixed 4.577% Annual Semi-Annual Jun 2031 10,414 10,414
Centrally cleared 3,505,000 AUD 6 month AUD BBR BBSW Fixed 5.150% Semi-Annual Semi-Annual Jun 2031 54,378 54,378
Centrally cleared 3,500,000 AUD 6 month AUD BBR BBSW Fixed 5.170% Semi-Annual Semi-Annual Jun 2031 56,437 56,437
Centrally cleared 10,200,000 CNY Fixed 1.607% 1 week CNY CNREPOFIX Quarterly Quarterly Jun 2031 (10,585) (10,585)
Centrally cleared 8,250,000 CNY Fixed 1.580% 1 week CNY CNREPOFIX Quarterly Quarterly Jun 2031 (7,023) (7,023)
Centrally cleared 10,225,000 CNY Fixed 1.558% 1 week CNY CNREPOFIX Quarterly Quarterly Jun 2031 (7,084) (7,084)
Centrally cleared 5,054,248 ILS Fixed 3.515% 1 day ILS SHIR Compounded OIS Annual Annual Jun 2031 (29,957) (29,957)
Centrally cleared 4,560,560 ILS Fixed 3.530% 1 day ILS SHIR Compounded OIS Annual Annual Jun 2031 (28,082) (28,082)
Centrally cleared 4,620,000 ILS Fixed 3.590% 1 day ILS SHIR Compounded OIS Annual Annual Jun 2031 (32,711) (32,711)
Centrally cleared 40,110,000 CNY Fixed 1.503% 1 week CNY CNREPOFIX Quarterly Quarterly Jun 2031 (12,298) (12,298)
Centrally cleared 20,150,000 CNY Fixed 1.505% 1 week CNY CNREPOFIX Quarterly Quarterly Sep 2031 (5,594) (5,594)
Centrally cleared 161,295,000 INR Fixed 6.305% 1 day INR MIBOR Compounded OIS Semi-Annual Semi-Annual Sep 2031 (5,831) (5,831)
Centrally cleared 159,135,000 INR Fixed 6.210% 1 day INR MIBOR Compounded OIS Semi-Annual Semi-Annual Sep 2031 767 767
Centrally cleared 9,880,000 NOK 6 month NOK NIBOR Fixed 4.434% Annual Semi-Annual Sep 2031 (1,310) (1,310)
Centrally cleared 525,000 USD Fixed 3.595% 1 day USD Compounded SOFR Annual Annual Nov 2032 9,806 9,806
Centrally cleared 5,650,000 ILS Fixed 3.960% 1 day ILS SHIR Compounded OIS Annual Annual Mar 2036 (84,027) (84,027)
Centrally cleared 1,990,000 SGD Fixed 2.260% 1 day SGD Compounded SORA Semi-Annual Semi-Annual Mar 2036 (31,941) (31,941)
The accompanying notes are an integral part of the financial statements. 78  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Interest rate swaps (continued)
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 1,130,000 CHF Fixed 0.935% 1 day CHF SARON Compounded OIS Annual Annual Mar 2036 $(10,293) $(10,293)
Centrally cleared 520,000 CHF Fixed 0.963% 1 day CHF SARON Compounded OIS Annual Annual Mar 2036 (5,630) (5,630)
Centrally cleared 1,120,000 CHF Fixed 0.914% 1 day CHF SARON Compounded OIS Annual Annual Jun 2036 (7,399) (7,399)
Centrally cleared 1,025,000 SGD Fixed 2.140% 1 day SGD Compounded SORA Semi-Annual Semi-Annual Jun 2036 $(896) (4,379) (5,275)
Centrally cleared 1,000,000 SGD Fixed 2.131% 1 day SGD Compounded SORA Semi-Annual Semi-Annual Jun 2036 (4,515) (4,515)
Centrally cleared 828,811,005 CLP Fixed 5.277% 1 day CLP CLICP Semi-Annual Semi-Annual Jun 2036 (11,617) (11,617)
Centrally cleared 3,776,030,000 COP 1 day COP IBR Compounded OIS Fixed 11.781% Quarterly Quarterly Jun 2036 122,110 122,110
Centrally cleared 2,525,000 ILS Fixed 3.785% 1 day ILS SHIR Compounded OIS Annual Annual Jun 2036 (24,744) (24,744)
Centrally cleared 829,930,000 CLP Fixed 5.337% 1 day CLP CLICP Semi-Annual Semi-Annual Jun 2036 (15,949) (15,949)
Centrally cleared 7,760,000 SEK Fixed 3.047% 3 month SEK STIBOR Annual Quarterly Jun 2036 (21,251) (21,251)
Centrally cleared 1,857,995,000 COP 1 day COP IBR Compounded OIS Fixed 12.027% Quarterly Quarterly Jun 2036 68,214 68,214
Centrally cleared 2,603,670,000 COP 1 day COP IBR Compounded OIS Fixed 12.027% Quarterly Quarterly Jun 2036 95,591 95,591
Centrally cleared 3,578,610,000 COP 1 day COP IBR Compounded OIS Fixed 11.507% Quarterly Quarterly Jun 2036 98,230 98,230
Centrally cleared 1,135,000 CHF Fixed 0.863% 1 day CHF SARON Compounded OIS Annual Annual Jun 2036 (3,700) (3,700)
Centrally cleared 1,657,880,000 KRW 3 month KRW Certificate of Deposit Rate Fixed 4.060% Quarterly Quarterly Sep 2036 5,941 3,377 9,318
Centrally cleared 1,150,000 CHF Fixed 0.846% 1 day CHF SARON Compounded OIS Annual Annual Sep 2036 (924) (924)
Centrally cleared 2,525,000 USD 1 day USD Compounded SOFR Fixed 4.642% Annual Annual Apr 2046 10,309 10,309
Centrally cleared 1,060,000 USD 1 day USD Compounded SOFR Fixed 4.311% Annual Annual Jun 2046 (122) 11,209 11,087
Centrally cleared 1,655,000 USD 1 day USD Compounded SOFR Fixed 4.130% Annual Annual Jun 2056 5,257 (22,292) (17,035)
Centrally cleared 3,540,000 SEK Fixed 2.952% 3 month SEK STIBOR Annual Quarterly Sep 2056 (788) (788)
Centrally cleared 3,540,000 SEK Fixed 2.962% 3 month SEK STIBOR Annual Quarterly Sep 2056 (1,523) (1,523)
Centrally cleared 1,025,000 AUD 6 month AUD BBR BBSW Fixed 4.941% Semi-Annual Semi-Annual Sep 2056
Centrally cleared 475,000 EUR Fixed 2.866% 6 month EUR EURIBOR Annual Semi-Annual Jun 2076 (6,677) (6,677)
                $2,598 $(37,293) $(34,695)
Credit default swaps - Buyer
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Notional
amount
Currency USD
notional
amount
Pay
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
BARC Emirate of Abu Dhabi 770,000 USD $770,000 1.000% Quarterly Jun 2031 $(19,872) $(3,195) $(23,067)
BARC Emirate of Abu Dhabi 260,000 USD 260,000 1.000% Quarterly Jun 2031 (7,651) (138) (7,789)
BARC Government of Malaysia 2,050,000 USD 2,050,000 1.000% Quarterly Jun 2031 (55,915) (2,158) (58,073)
BARC Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,848) 93 (4,755)
BARC Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,656) (99) (4,755)
BARC Petroleo Brasileiro SA 265,000 USD 265,000 1.000% Quarterly Jun 2031 3,148 265 3,413
BARC Republic of Chile 255,000 USD 255,000 1.000% Quarterly Jun 2031 (6,216) (564) (6,780)
BARC Republic of Colombia 275,000 USD 275,000 1.000% Quarterly Jun 2031 7,800 (2,538) 5,262
BARC Republic of Colombia 275,000 USD 275,000 1.000% Quarterly Jun 2031 6,444 (1,182) 5,262
BARC Republic of Colombia 270,000 USD 270,000 1.000% Quarterly Jun 2031 5,468 (301) 5,167
BARC Republic of Indonesia 780,000 USD 780,000 1.000% Quarterly Jun 2031 (2,580) (1,218) (3,798)
BARC Republic of Indonesia 265,000 USD 265,000 1.000% Quarterly Jun 2031 (1,523) 233 (1,290)
BARC Republic of Peru 260,000 USD 260,000 1.000% Quarterly Jun 2031 (3,555) (870) (4,425)
BARC Republic of Peru 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,414) (11) (4,425)
BARC Republic of Peru 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,779) 354 (4,425)
BARC Republic of South Africa 540,000 USD 540,000 1.000% Quarterly Jun 2031 7,090 (1,189) 5,901
BOA Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,667) (59) (4,726)
The accompanying notes are an integral part of the financial statements. 79  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Credit default swaps - Buyer (continued)
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Notional
amount
Currency USD
notional
amount
Pay
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
BOA Petroleo Brasileiro SA 265,000 USD $265,000 1.000% Quarterly Jun 2031 $2,911 $502 $3,413
BOA Republic of Chile 260,000 USD 260,000 1.000% Quarterly Jun 2031 (6,427) (486) (6,913)
BOA Republic of Panama 265,000 USD 265,000 1.000% Quarterly Jun 2031 (1,296) (417) (1,713)
BOA Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 3,545 (595) 2,950
BOA Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 3,136 (186) 2,950
BOA Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 2,966 14 2,980
BOA Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 2,905 53 2,958
BOA Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,335 (56) 14,279
BOA Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,808 (529) 14,279
BOA Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,671 (360) 14,311
BOA Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,317 (30) 14,287
BOA State of Qatar 1,535,000 USD 1,535,000 1.000% Quarterly Jun 2031 (43,779) (5,908) (49,687)
BOA United Mexican States 260,000 USD 260,000 1.000% Quarterly Jun 2031 (1,501) (354) (1,855)
BOA United Mexican States 265,000 USD 265,000 1.000% Quarterly Jun 2031 (1,645) (245) (1,890)
CITI Petroleo Brasileiro SA 1,875,000 USD 1,875,000 1.000% Quarterly Jun 2031 28,602 (4,453) 24,149
CITI Republic of Indonesia 265,000 USD 265,000 1.000% Quarterly Jun 2031 (1,326) 36 (1,290)
DB Republic of Colombia 275,000 USD 275,000 1.000% Quarterly Jun 2031 8,090 (2,828) 5,262
DB Republic of Panama 3,160,000 USD 3,160,000 1.000% Quarterly Jun 2031 (491) (19,935) (20,426)
DB United Mexican States 2,095,000 USD 2,095,000 1.000% Quarterly Jun 2031 (10,272) (4,672) (14,944)
DB United Mexican States 260,000 USD 260,000 1.000% Quarterly Jun 2031 (1,383) (472) (1,855)
GSI Emirate of Abu Dhabi 260,000 USD 260,000 1.000% Quarterly Jun 2031 (6,683) (1,106) (7,789)
GSI Emirate of Abu Dhabi 260,000 USD 260,000 1.000% Quarterly Jun 2031 (6,581) (1,208) (7,789)
GSI Emirate of Abu Dhabi 260,000 USD 260,000 1.000% Quarterly Jun 2031 (7,639) (142) (7,781)
GSI Federative Republic of Brazil 1,835,000 USD 1,835,000 1.000% Quarterly Jun 2031 20,204 (953) 19,251
GSI Federative Republic of Brazil 265,000 USD 265,000 1.000% Quarterly Jun 2031 2,081 699 2,780
GSI Federative Republic of Brazil 265,000 USD 265,000 1.000% Quarterly Jun 2031 1,956 824 2,780
GSI Kingdom of Saudi Arabia 525,000 USD 525,000 1.000% Quarterly Jun 2031 (8,806) (796) (9,602)
GSI Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,331) (424) (4,755)
GSI Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,723) (25) (4,748)
GSI Republic of Chile 1,025,000 USD 1,025,000 1.000% Quarterly Jun 2031 (22,992) (4,263) (27,255)
GSI Republic of Colombia 560,000 USD 560,000 1.000% Quarterly Jun 2031 27,334 (16,618) 10,716
GSI Republic of Peru 1,815,000 USD 1,815,000 1.000% Quarterly Jun 2031 (24,799) (6,094) (30,893)
GSI Republic of Peru 260,000 USD 260,000 1.000% Quarterly Jun 2031 (3,607) (818) (4,425)
GSI Republic of Peru 260,000 USD 260,000 1.000% Quarterly Jun 2031 (5,103) 678 (4,425)
GSI Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 2,861 89 2,950
GSI Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,156 123 14,279
GSI State of Qatar 260,000 USD 260,000 1.000% Quarterly Jun 2031 (7,867) (549) (8,416)
GSI State of Qatar 260,000 USD 260,000 1.000% Quarterly Jun 2031 (8,361) (48) (8,409)
GSI United Mexican States 260,000 USD 260,000 1.000% Quarterly Jun 2031 (1,287) (568) (1,855)
JPM People's Republic of China 1,795,000 USD 1,795,000 1.000% Quarterly Jun 2031 (50,267) (789) (51,056)
JPM Republic of Indonesia 265,000 USD 265,000 1.000% Quarterly Jun 2031 (1,528) 238 (1,290)
JPM Republic of South Africa 270,000 USD 270,000 1.000% Quarterly Jun 2031 3,021 (67) 2,954
JPM Republic of Turkey 280,000 USD 280,000 1.000% Quarterly Jun 2031 14,366 (70) 14,296
MSI Kingdom of Saudi Arabia 260,000 USD 260,000 1.000% Quarterly Jun 2031 (4,779) (65) (4,844)
MSI Republic of Colombia 275,000 USD 275,000 1.000% Quarterly Jun 2031 6,917 (1,655) 5,262
        $33,130,000       $(125,017) $(87,105) $(212,122)
Centrally cleared CDX.EM.45 5,425,000 USD 5,425,000 1.000% Quarterly Jun 2031 148,509 (53,844) 94,665
Centrally cleared CDX.NA.HY.46 5,143,050 USD 5,143,050 5.000% Quarterly Jun 2031 (415,925) (5,498) (421,423)
Centrally cleared CDX.NA.IG.46 12,485,000 USD 12,485,000 1.000% Quarterly Jun 2031 (276,852) 242 (276,610)
Centrally cleared iTraxx Europe Crossover Series 45 Version 1 2,725,000 EUR 3,112,874 5.000% Quarterly Jun 2031 (338,362) (7,155) (345,517)
Centrally cleared iTraxx Europe Senior Financials Series 45 Version 1 4,495,000 EUR 5,160,502 1.000% Quarterly Jun 2031 (107,870) (2,088) (109,958)
Centrally cleared iTraxx Europe Series 45 Version 1 2,665,000 EUR 3,037,282 1.000% Quarterly Jun 2031 (67,932) (1,218) (69,150)
The accompanying notes are an integral part of the financial statements. 80  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Credit default swaps - Buyer (continued)
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Notional
amount
Currency USD
notional
amount
Pay
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
Centrally cleared iTraxx Europe Sub Financials Series 45 Version 1 5,725,000 EUR 6,633,545 1.000% Quarterly Jun 2031 $(24,447) $(10,676) $(35,123)
        $40,997,253       $(1,082,879) $(80,237) $(1,163,116)
        $74,127,253       $(1,207,896) $(167,342) $(1,375,238)
Credit default swaps - Seller
Counterparty
(OTC)/
Centrally
cleared
Reference
obligation
Implied
credit
spread
Notional
amount
Currency USD
notional
amount
Received
fixed
rate
Fixed
payment
frequency
Maturity
date
Unamortized
upfront
payment
paid
(received)
Unrealized
appreciation
(depreciation)
Value
Centrally cleared CDX.NA.HY.46 3.040% 23,760 USD $23,760 5.000% Quarterly Jun 2031 $1,084 $862 $1,946
          $23,760       $1,084 $862 $1,946
Total return swaps
Pay/
receive
total
return*
Reference
entity
Floating/
fixed
rate
Payment
frequency
Currency Notional
amount
Maturity
date
Counterparty
(OTC)
Unamortized
upfront
payment paid
(received)
Unrealized
appreciation
(depreciation)
Value
Pay iBoxx $ Liquid Investment Grade Index 1 day USD Compounded SOFR At Maturity USD 4,165,000 Sep 2026 BOA $(14,339) $(14,339)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 1,345,000 Dec 2026 JPM (32,181) (32,181)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 3,005,000 Mar 2027 JPM (11,399) (11,399)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 3,400,000 Sep 2026 MSI (52,364) (52,364)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 3,400,000 Sep 2026 MSI (75,069) (75,069)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 1,050,000 Sep 2026 MSI (19,699) (19,699)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 1,055,000 Sep 2026 MSI (9,133) (9,133)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 14,815,000 Dec 2026 MSI (366,155) (366,155)
Pay iBoxx $ Liquid High Yield Index 1 day USD Compounded SOFR At Maturity USD 3,390,000 Mar 2027 MSI (13,805) (13,805)
Receive iBoxx $ Liquid Leveraged Loan Index 1 day USD Compounded SOFR At Maturity USD 1,575,000 Sep 2026 MSI 22,761 22,761
                $(571,383) $(571,383)
    
* Portfolio will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the portfolio has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the portfolio has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative. The total return of the reference asset is paid out at maturity while the floating rate is paid on a quarterly basis until maturity.
Inflation swaps
Counterparty (OTC)/
Centrally
cleared
Notional
amount
Currency USD notional
amount
Payments
made
Payments
received
Fixed
payment
frequency
Floating
payment
frequency
Maturity date Unamortized
upfront
payment paid
(received)
Unrealized
appreciation
(depreciation)
Value
BOA 210,000 USD $210,000 Fixed 1.635% USA CPI All Urban Consumers At Maturity At Maturity Feb 2050 $44,744 $44,744
CITI 1,290,000 USD 1,290,000 Fixed 2.440% USA CPI All Urban Consumers At Maturity At Maturity Sep 2055 $(3,699) (18,573) (22,272)
The accompanying notes are an integral part of the financial statements. 81  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Inflation swaps (continued)
Counterparty (OTC)/
Centrally
cleared
Notional
amount
Currency USD notional
amount
Payments
made
Payments
received
Fixed
payment
frequency
Floating
payment
frequency
Maturity date Unamortized
upfront
payment paid
(received)
Unrealized
appreciation
(depreciation)
Value
JPM 1,700,000 USD $1,700,000 Fixed 1.830% USA CPI All Urban Consumers At Maturity At Maturity Feb 2050 $(34,860) $336,490 $301,630
      $3,200,000           $(38,559) $362,661 $324,102
Centrally cleared 6,355,000 USD 6,355,000 Fixed 2.400% USA CPI All Urban Consumers At Maturity At Maturity Jun 2031 (15,159) 14,460 (699)
Centrally cleared 3,195,000 USD 3,195,000 Fixed 2.379% USA CPI All Urban Consumers At Maturity At Maturity Mar 2056 15,499 (38,121) (22,622)
Centrally cleared 1,695,000 USD 1,695,000 Fixed 2.407% USA CPI All Urban Consumers At Maturity At Maturity Mar 2056 1,265 (21,461) (20,196)
Centrally cleared 1,635,000 USD 1,635,000 Fixed 2.380% USA CPI All Urban Consumers At Maturity At Maturity Mar 2056 1,529 (13,439) (11,910)
      $12,880,000           $3,134 $(58,561) $(55,427)
      $16,080,000           $(35,425) $304,100 $268,675
    
Reference rates as of June 30, 2026 were as follows:
1 day BRL CDI - 14.150%
1 day CHF SARON Compounded OIS - (0.044%)
1 day CLP CLICP - 4.500%
1 day COP IBR Compounded OIS - 10.538%
1 day ILS SHIR Compounded OIS - 3.750%
1 day INR MIBOR Compounded OIS - 5.500%
1 day SGD Compounded SORA - 1.189%
1 day USD Compounded SOFR - 3.680%
1 week CNY CNREPOFIX - 1.540%
3 month AUD BBR BBSW - 4.462%
3 month KRW Certificate of Deposit Rate - 2.920%
3 month NZD BBR - 2.715%
3 month SEK STIBOR - 1.972%
6 month AUD BBR BBSW - 4.800%
6 month CZK PRIBOR - 3.890%
6 month EUR EURIBOR - 2.568%
6 month NOK NIBOR - 4.810%
USA CPI All Urban Consumers - 3.500%
The accompanying notes are an integral part of the financial statements. 82  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Derivatives Currency Abbreviations
ARS Argentine Peso
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CHF Swiss Franc
CLP Chilean Peso
CNY Chinese Yuan Renminbi
COP Colombian Peso
CZK Czech Republic Koruna
DOP Dominican Republic Peso
EGP Egyptian Pound
EUR Euro
GBP Pound Sterling
HKD Hong Kong Dollar
HUF Hungarian Forint
IDR Indonesian Rupiah
ILS Israeli New Shekel
INR Indian Rupee
JPY Japanese Yen
KRW Korean Won
KZT Kazakhstan Tenge
MXN Mexican Peso
MYR Malaysian Ringgit
NGN Nigerian Naira
NOK Norwegian Krone
NZD New Zealand Dollar
PEN Peruvian Nuevo Sol
PHP Philippine Peso
PLN Polish Zloty
RON Romanian New Leu
RSD Serbian Dinar
SEK Swedish Krona
SGD Singapore Dollar
THB Thai Bhat
TRY Turkish Lira
USD U.S. Dollar
UYU Uruguayan Peso
ZAR South African Rand
The accompanying notes are an integral part of the financial statements. 83  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Opportunistic Fixed Income Trust (continued)
Derivatives Abbreviations
BARC Barclays Bank PLC
BBR Bank Bill Rate
BBSW Bank Bill Swap Rate
BOA Bank of America, N.A.
CDI Brazil Interbank Deposit Rate
CITI Citibank, N.A.
CLICP Sinacofi Chile Interbank Rate Average
CNREPOFIX China Fixing Repo Rate
CPI Consumer Price Index
DB Deutsche Bank AG
EURIBOR Euro Interbank Offered Rate
GSI Goldman Sachs International
HSBC HSBC Bank PLC
IBR Colombia Overnight Interbank Rate
JPM JPMorgan Chase Bank, N.A.
MIBOR Mumbai Interbank Offered Rate
MSI Morgan Stanley & Co. International PLC
NIBOR Norwegian Interbank Offered Rate
OIS Overnight Index Swap
OTC Over-the-counter
PRIBOR Prague Interbank Offered Rate
SARON Swiss Average Rate Overnight
SCB Standard Chartered Bank
SHIR Shekel Overnight Interest Rate
SOFR Secured Overnight Financing Rate
SORA Singapore Overnight Rate Average
SSB State Street Bank and Trust Company
STIBOR Stockholm Interbank Offered Rate
    
See Notes to financial statements regarding investment transactions and other derivatives information.
Select Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
46.6%
     
U.S. Government – 14.8%          
U.S. Treasury Bonds          
1.375%, 08/15/2050 $ 7,047,000   $ 3,456,884
1.625%, 11/15/2050   7,459,000     3,898,784
2.000%, 02/15/2050   7,480,000     4,358,561
4.625%, 02/15/2046   18,267,000     17,533,467
4.750%, 02/15/2056   19,603,000     19,042,473
5.000%, 05/15/2046   1,129,000     1,137,468
U.S. Treasury Notes          
3.875%, 05/15/2029   7,584,000     7,525,342
4.000%, 05/31/2028   3,201,000     3,191,622
4.125%, 06/30/2031   7,699,000     7,671,933
4.250%, 06/30/2033   1,774,000     1,767,070
4.375%, 05/15/2036   5,122,000     5,094,789
          74,678,393
U.S. Government Agency – 31.8%          
Federal Home Loan Mortgage Corp.          
2.000%, 06/01/2036 to 03/01/2052   2,129,253     1,817,856
2.500%, 08/01/2051 to 12/01/2051   3,476,923     2,960,001
3.000%, 03/01/2043 to 06/01/2052   8,422,316     7,499,700
3.500%, 10/01/2046 to 07/01/2052   12,046,056     11,045,304
4.000%, 08/01/2037 to 04/01/2053   9,160,568     8,691,634
4.500%, 12/01/2037 to 02/01/2055   10,017,559     9,745,280
5.000%, 08/01/2052 to 02/01/2056   15,725,341     15,609,274
5.500%, 06/01/2053 to 02/01/2056   10,355,096     10,507,833
Federal National Mortgage Association          
2.000%, 06/01/2036 to 02/01/2052   6,261,994     5,141,741
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
2.500%, 08/01/2035 to 03/01/2052 $ 9,969,336   $ 8,572,334
3.000%, 03/01/2033 to 09/01/2052   16,792,781     14,978,658
3.500%, 06/01/2049 to 08/01/2053   11,206,190     10,247,254
4.000%, 10/01/2037 to 07/01/2052   17,585,912     16,682,207
4.500%, 11/01/2037 to 04/01/2053   17,327,684     16,844,720
5.000%, 09/01/2052 to 04/01/2056   13,388,703     13,302,741
5.500%, 12/01/2052 to 08/01/2055   6,270,914     6,356,614
          160,003,151
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $238,960,380)   $ 234,681,544
FOREIGN GOVERNMENT OBLIGATIONS – 0.1%      
Saudi Arabia – 0.1%          
Kingdom of Saudi Arabia
5.875%, 01/12/2056 (A)
  819,000     796,550
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $810,727)   $ 796,550
CORPORATE BONDS – 32.3%      
Communication services – 1.4%          
AT&T, Inc.          
2.750%, 06/01/2031   77,000     70,032
4.500%, 05/15/2035   139,000     130,867
4.550%, 11/01/2032   71,000     69,282
4.750%, 04/30/2033 (B)   481,000     470,688
 
The accompanying notes are an integral part of the financial statements. 84  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
Charter Communications Operating LLC          
2.800%, 04/01/2031 $ 90,000   $ 80,186
6.384%, 10/23/2035   368,000     367,398
Meta Platforms, Inc.          
4.200%, 11/15/2030   492,000     484,282
4.600%, 11/15/2032   96,000     94,396
5.625%, 11/15/2055   190,000     172,170
Netflix, Inc.
4.875%, 06/15/2030 (A)(B)
  209,000     210,299
News Corp.          
3.875%, 05/15/2029 (A)   137,000     132,870
5.125%, 02/15/2032 (A)   206,000     201,824
NTT Finance Corp.
5.171%, 07/16/2032 (A)
  579,000     578,951
QTS Fayetteville I DC1-2 LLC
5.700%, 04/15/2036 (A)(B)
  751,000     714,046
Space Exploration Technologies Corp.          
5.650%, 07/15/2033 (A)   728,000     723,663
6.650%, 07/15/2056 (A)   231,000     222,870
STC Sukuk Company II, Ltd.
4.489%, 01/15/2031 (A)
  855,000     840,234
T-Mobile USA, Inc.          
3.875%, 04/15/2030   944,000     914,713
6.700%, 12/15/2033   401,000     438,187
WMG Acquisition Corp.
3.875%, 07/15/2030 (A)
  148,000     140,201
          7,057,159
Consumer discretionary – 0.6%          
Airbnb, Inc.
4.650%, 03/16/2031
  97,000     96,374
Amazon.com, Inc.
4.550%, 03/13/2033
  148,000     145,589
General Motors Financial Company, Inc.
5.600%, 06/18/2031
  844,000     863,991
Hyundai Capital America
5.400%, 01/08/2031 (A)
  630,000     639,919
Marriott International, Inc.
4.500%, 05/01/2033
  100,000     96,795
MercadoLibre, Inc.
4.900%, 01/15/2033
  362,000     352,624
Royal Caribbean Cruises, Ltd.          
4.750%, 05/15/2033 (B)   166,000     161,575
5.375%, 01/15/2036   182,000     180,657
The Home Depot, Inc.
4.950%, 06/25/2034
  512,000     513,717
          3,051,241
Consumer staples – 0.7%          
Bimbo Bakeries USA, Inc.
6.050%, 01/15/2029 (A)
  695,000     713,330
JBS NV          
3.625%, 01/15/2032   792,000     733,452
5.750%, 04/01/2033   169,000     173,507
5.950%, 04/20/2035   59,000     60,838
Kenvue, Inc.          
4.850%, 05/22/2032   859,000     863,345
4.900%, 03/22/2033   180,000     180,689
Mars, Inc.          
4.800%, 03/01/2030 (A)   96,000     96,286
5.000%, 03/01/2032 (A)   122,000     122,858
Pilgrim's Pride Corp.
6.250%, 07/01/2033
  148,000     154,520
The Clorox Company
4.950%, 05/15/2033
  352,000     348,559
          3,447,384
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy – 3.1%          
Aker BP ASA
3.750%, 01/15/2030 (A)
$ 289,000   $ 278,765
Antero Resources Corp.
5.375%, 03/01/2030 (A)
  363,000     365,582
BP Capital Markets America, Inc.
4.812%, 02/13/2033
  179,000     178,206
Cheniere Energy Partners LP          
3.250%, 01/31/2032   945,000     866,062
5.550%, 10/30/2035   92,000     93,453
5.950%, 06/30/2033   152,000     158,700
Columbia Pipelines Holding
Company LLC
         
4.999%, 11/17/2032 (A)   418,000     413,370
5.681%, 01/15/2034 (A)   105,000     107,218
Columbia Pipelines Operating Company LLC
6.036%, 11/15/2033 (A)
  656,000     688,715
Continental Resources, Inc.          
2.875%, 04/01/2032 (A)   361,000     317,634
5.750%, 01/15/2031 (A)   768,000     782,005
Devon Energy Corp.
5.200%, 09/15/2034
  181,000     181,185
DT Midstream, Inc.          
4.375%, 06/15/2031 (A)   1,329,000     1,283,665
5.800%, 12/15/2034 (A)   93,000     95,047
Enbridge, Inc.          
5.750%, (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%), 07/15/2080   348,000     350,069
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084   158,000     180,625
Energy Transfer LP          
5.150%, 03/15/2045   151,000     134,694
5.600%, 09/01/2034   95,000     96,955
Eni SpA
5.250%, 05/18/2036 (A)
  488,000     479,911
Enterprise Products Operating LLC          
5.250%, (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%), 08/16/2077   1,239,000     1,234,166
5.350%, 01/31/2033   174,000     178,459
EOG Resources, Inc.
5.000%, 07/15/2032
  177,000     178,143
Expand Energy Corp.
4.750%, 02/01/2032
  284,000     276,784
MPLX LP          
4.950%, 09/01/2032   137,000     136,276
5.000%, 03/01/2033   135,000     133,984
Occidental Petroleum Corp.          
6.450%, 09/15/2036   730,000     783,105
6.625%, 09/01/2030   54,000     57,127
Ovintiv, Inc.
6.250%, 07/15/2033
  297,000     312,429
Permian Resources Operating LLC
6.250%, 02/01/2033 (A)
  94,000     95,995
Plains All American Pipeline LP
4.700%, 01/15/2031
  97,000     96,161
Repsol E&P Capital Markets US LLC
5.204%, 09/16/2030 (A)
  200,000     201,071
Sabine Pass Liquefaction LLC
4.500%, 05/15/2030
  1,406,000     1,392,402
 
The accompanying notes are an integral part of the financial statements. 85  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Targa Resources Corp.          
5.500%, 02/15/2035 $ 141,000   $ 142,324
6.150%, 03/01/2029   93,000     96,302
Targa Resources Partners LP
4.000%, 01/15/2032
  189,000     179,230
Var Energi ASA          
5.875%, 05/22/2030 (A)   973,000     1,002,056
8.000%, 11/15/2032 (A)   679,000     770,791
Viper Energy Partners LLC
4.900%, 08/01/2030
  97,000     96,678
Western Midstream Operating LP          
4.800%, 03/01/2031   910,000     899,962
5.450%, 11/15/2034   70,000     69,626
Whistler Pipeline LLC          
5.400%, 09/30/2029 (A)   95,000     96,354
5.700%, 09/30/2031 (A)   95,000     97,430
          15,578,716
Financials – 13.2%          
Ally Financial, Inc.          
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033   839,000     832,070
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035   196,000     199,224
8.000%, 11/01/2031   881,000     981,203
American National Global Funding
4.875%, 01/23/2031 (A)
  1,160,000     1,142,240
Apollo Debt Solutions BDC          
6.700%, 07/29/2031   168,000     171,252
6.900%, 04/13/2029   523,000     536,780
Ares Strategic Income Fund          
5.150%, 01/15/2031   804,000     767,661
5.450%, 09/09/2028   72,000     71,296
5.600%, 02/15/2030   184,000     180,819
5.700%, 03/15/2028   254,000     253,621
5.800%, 09/09/2030   237,000     233,477
6.200%, 03/21/2032   137,000     135,483
6.350%, 08/15/2029   519,000     523,743
Athene Global Funding          
4.721%, 10/08/2029 (A)   153,000     151,188
5.322%, 11/13/2031 (A)   96,000     95,774
Athene Holding, Ltd.          
3.500%, 01/15/2031   689,000     645,434
6.625%, (6.625% to 10-15-34, then 5 Year CMT + 2.607%), 10/15/2054   102,000     98,010
Atlas Warehouse Lending Company LP          
5.250%, 01/15/2033 (A)   99,000     97,517
6.250%, 01/15/2030 (A)   93,000     95,797
Augusta SpinCo Corp.
4.945%, 03/23/2033
  98,000     97,399
Banco Santander SA
4.551%, 11/06/2030
  201,000     197,789
Bank Hapoalim BM          
4.722%, 07/14/2029 (A)   239,000     235,620
5.252%, 01/14/2033 (A)   705,000     696,008
Bank of America Corp.          
2.592%, (2.592% to 4-29-30, then Overnight SOFR + 2.150%), 04/29/2031   1,100,000     1,015,026
2.687%, (2.687% to 4-22-31, then Overnight SOFR + 1.320%), 04/22/2032   1,845,000     1,671,229
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Bank of America Corp. (continued)          
4.571%, (4.571% to 4-27-32, then Overnight SOFR + 1.830%), 04/27/2033 $ 875,000   $ 857,712
5.425%, (5.425% to 8-15-34, then Overnight SOFR + 1.913%), 08/15/2035   1,293,000     1,296,929
5.518%, (5.518% to 10-25-34, then Overnight SOFR + 1.738%), 10/25/2035   94,000     94,435
6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (C)   654,000     674,260
Bank of Montreal
7.700%, (7.700% to 5-26-29, then 5 Year CMT + 3.452%), 05/26/2084
  673,000     703,992
Barclays PLC
5.690%, (5.690% to 3-12-29, then Overnight SOFR + 1.740%), 03/12/2030
  912,000     930,950
Blackstone Private Credit Fund          
5.050%, 09/10/2030   197,000     188,517
5.250%, 04/01/2030 (B)   184,000     178,684
5.950%, 07/16/2029   97,000     97,036
7.300%, 11/27/2028   93,000     95,954
BNP Paribas SA
9.250%, (9.250% to 11-17-27, then 5 Year CMT + 4.969%), 11/17/2027 (A)(C)
  398,000     416,897
BPCE SA
4.760%, (4.760% to 1-13-31, then Overnight SOFR + 1.267%), 01/13/2032 (A)
  182,000     179,391
Brookfield Finance, Inc.
6.300%, (6.300% to 1-15-35, then 5 Year CMT + 2.076%), 01/15/2055
  131,000     127,063
Canadian Imperial Bank of Commerce
6.500%, (6.500% to 7-28-31, then 5 Year CMT + 2.727%), 07/28/2086
  200,000     200,450
Cantor Fitzgerald LP
7.200%, 12/12/2028 (A)
  1,263,000     1,310,300
Capital One Financial Corp.
6.700%, 11/29/2032
  549,000     596,339
Citigroup, Inc.          
2.561%, (2.561% to 5-1-31, then Overnight SOFR + 1.167%), 05/01/2032   200,000     179,797
6.174%, (6.174% to 5-25-33, then Overnight SOFR + 2.661%), 05/25/2034   503,000     524,882
Citizens Financial Group, Inc.          
3.250%, 04/30/2030   74,000     70,018
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031   555,000     560,923
5.299%, (5.299% to 1-29-31, then 5 Year CMT + 1.450%), 01/29/2036   630,000     623,865
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032   539,000     553,221
6.645%, (6.645% to 4-25-34, then Overnight SOFR + 2.325%), 04/25/2035   340,000     366,130
CNO Financial Group, Inc.          
5.250%, 05/30/2029   853,000     858,232
 
The accompanying notes are an integral part of the financial statements. 86  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
CNO Financial Group, Inc. (continued)          
6.450%, 06/15/2034 $ 184,000   $ 191,734
CNO Global Funding
4.700%, 12/11/2030 (A)
  97,000     95,462
Credit Agricole SA          
3.250%, 01/14/2030 (A)   1,201,000     1,129,639
5.862%, (5.862% to 1-9-35, then Overnight SOFR + 1.740%), 01/09/2036 (A)   250,000     257,463
Danske Bank A/S          
4.999%, (4.999% to 3-27-31, then 1 Year CMT + 0.980%), 03/27/2032 (A)   243,000     242,925
5.019%, (5.019% to 3-4-30, then 1 Year CMT + 0.930%), 03/04/2031 (A)   200,000     200,791
Deutsche Bank AG          
4.469%, (4.469% to 12-10-30, then Overnight SOFR + 1.100%), 12/10/2031   432,000     424,841
4.725%, (4.725% to 2-6-31, then Overnight SOFR + 1.135%), 02/06/2032   267,000     263,145
4.950%, (4.950% to 8-4-30, then Overnight SOFR + 1.300%), 08/04/2031   668,000     665,655
5.060%, (5.060% to 4-14-31, then Overnight SOFR + 1.410%), 04/14/2032   182,000     181,552
Enact Holdings, Inc.
6.250%, 05/28/2029 (B)
  491,000     505,319
Fifth Third Bancorp          
5.141%, (5.141% to 1-29-36, then Overnight SOFR + 1.240%), 01/29/2037   236,000     231,663
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032   801,000     824,111
5.982%, (5.982% to 1-30-29, then Overnight SOFR + 2.155%), 01/30/2030 (A)   248,000     254,829
First Citizens BancShares, Inc.          
4.869%, (4.869% to 3-3-31, then Overnight SOFR + 1.487%), 03/03/2032   976,000     949,236
5.231%, (5.231% to 3-12-30, then Overnight SOFR + 1.410%), 03/12/2031   955,000     953,006
5.600%, (5.600% to 9-5-30, then 5 Year CMT + 1.850%), 09/05/2035   279,000     273,944
First Horizon Corp.
5.514%, (5.514% to 3-7-30, then Overnight SOFR + 1.766%), 03/07/2031
  178,000     180,248
GA Global Funding Trust          
4.500%, 09/18/2030 (A)   606,000     587,207
5.200%, 12/09/2031 (A)   97,000     95,842
HPS Corporate Lending Fund          
5.150%, 04/02/2029 (A)   100,000     97,944
5.450%, 11/15/2030   673,000     650,595
5.950%, 04/14/2032   495,000     484,319
Huntington Bancshares, Inc.          
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031   357,000     361,192
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Huntington Bancshares, Inc. (continued)          
5.709%, (5.709% to 2-2-34, then SOFR Compounded Index + 1.870%), 02/02/2035 $ 228,000   $ 233,260
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039   68,000     69,453
ING Groep NV
6.114%, (6.114% to 9-11-33, then Overnight SOFR + 2.090%), 09/11/2034
  200,000     211,643
Intercontinental Exchange, Inc.
4.600%, 03/15/2033
  135,000     132,280
JPMorgan Chase & Co.          
4.347%, (4.347% to 1-22-31, then Overnight SOFR + 0.840%), 01/22/2032   182,000     178,284
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030   606,000     603,286
5.193%, (5.193% to 2-5-36, then Overnight SOFR + 1.300%), 02/05/2037   478,000     470,116
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035   894,000     903,279
5.576%, (5.576% to 7-23-35, then Overnight SOFR + 1.635%), 07/23/2036   1,289,000     1,308,583
KeyBank NA
5.000%, 01/26/2033
  250,000     247,428
KeyCorp          
5.121%, (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%), 04/04/2031 (B)   133,000     134,032
5.305%, (5.305% to 1-28-36, then Overnight SOFR + 1.367%), 01/28/2037   98,000     96,564
6.401%, (6.401% to 3-6-34, then SOFR Compounded Index + 2.420%), 03/06/2035   91,000     96,856
Lazard Group LLC          
4.375%, 03/11/2029   335,000     331,127
6.000%, 03/15/2031   93,000     96,431
Lloyds Banking Group PLC          
6.625%, (6.625% to 9-27-35, then 5 Year CMT + 2.681%), 09/27/2035 (C)   191,000     190,253
6.750%, (6.750% to 9-27-31, then 5 Year CMT + 3.150%), 09/27/2031 (B)(C)   660,000     678,318
M&T Bank Corp.          
5.125%, (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%), 11/01/2026 (C)   471,000     469,582
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031   95,000     95,760
5.295%, (5.295% to 4-18-31, then 5 Year CMT + 1.380%), 04/18/2036   500,000     495,385
5.385%, (5.385% to 1-16-35, then Overnight SOFR + 1.610%), 01/16/2036   737,000     736,591
5.400%, (5.400% to 7-30-30, then 5 Year CMT + 1.430%), 07/30/2035   794,000     792,578
 
The accompanying notes are an integral part of the financial statements. 87  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Macquarie Bank, Ltd.
3.624%, 06/03/2030 (A)
$ 188,000   $ 178,385
MassMutual Global Funding II
4.350%, 09/17/2031 (A)
  99,000     96,494
MetLife, Inc.
6.400%, (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%), 12/15/2036
  736,000     749,900
Morgan Stanley          
2.239%, (2.239% to 7-21-31, then Overnight SOFR + 1.178%), 07/21/2032   110,000     96,499
2.484%, (2.484% to 9-16-31, then Overnight SOFR + 1.360%), 09/16/2036   1,158,000     1,004,552
4.708%, (4.708% to 3-12-31, then Overnight SOFR + 1.195%), 03/12/2032   769,000     759,497
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035   817,000     820,934
5.948%, (5.948% to 1-19-33, then 5 Year CMT + 2.430%), 01/19/2038   550,000     565,880
Morgan Stanley Private Bank NA
4.465%, (4.465% to 11-19-30, then Overnight SOFR + 1.020%), 11/19/2031
  98,000     96,322
National Rural Utilities Cooperative Finance Corp.
8.000%, 03/01/2032
  415,000     478,639
NatWest Group PLC          
7.300%, (7.300% to 5-19-35, then 5 Year CMT + 2.937%), 11/19/2034 (B)(C)   827,000     861,071
8.125%, (8.125% to 5-10-34, then 5 Year CMT + 3.752%), 11/10/2033 (C)   567,000     627,552
NMI Holdings, Inc.
6.000%, 08/15/2029
  902,000     920,391
Nordea Bank ABP
6.300%, (6.300% to 3-25-32, then 5 Year CMT + 2.660%), 09/25/2031 (A)(B)(C)
  1,099,000     1,105,390
Old National Bancorp
5.768%, (5.768% to 2-15-31, then 3 month CME Term SOFR + 2.200%), 02/15/2036
  97,000     96,987
Pinnacle Bank
5.957%, (5.957% to 1-15-31, then 5 Year CMT + 2.300%), 01/15/2036
  250,000     248,139
Pinnacle Financial Partners, Inc.
5.596%, (5.596% to 5-19-31, then Overnight SOFR + 1.700%), 05/19/2032
  342,000     343,094
Radian Group, Inc.
6.200%, 05/15/2029
  186,000     192,069
Regions Financial Corp.          
5.502%, (5.502% to 9-6-34, then Overnight SOFR + 2.060%), 09/06/2035   871,000     881,242
5.722%, (5.722% to 6-6-29, then Overnight SOFR + 1.490%), 06/06/2030   93,000     95,448
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Reinsurance Group of America, Inc.
6.650%, (6.650% to 9-15-35, then 5 Year CMT + 2.392%), 09/15/2055
$ 96,000   $ 97,059
Royal Bank of Canada
6.500%, (6.500% to 11-24-35, then 5 Year CMT + 2.462%), 11/24/2085
  941,000     930,860
Santander Holdings USA, Inc.          
5.220%, (5.220% to 6-5-31, then Overnight SOFR + 1.276%), 06/05/2032   377,000     376,063
5.353%, (5.353% to 9-6-29, then Overnight SOFR + 1.940%), 09/06/2030   488,000     492,297
5.701%, (5.701% to 6-5-36, then Overnight SOFR + 1.596%), 06/05/2037   377,000     376,703
Simmons First National Corp.
6.250%, (6.250% to 10-1-30, then 3 month CME Term SOFR + 3.020%), 10/01/2035
  821,000     826,805
Sixth Street Lending Partners          
5.750%, 01/15/2030   71,000     70,540
6.125%, 07/15/2030   582,000     585,224
Societe Generale SA
3.653%, (3.653% to 7-8-30, then 5 Year CMT + 3.000%), 07/08/2035 (A)
  200,000     187,662
Teachers Insurance & Annuity Association of America
4.270%, 05/15/2047 (A)
  590,000     471,974
The Bank of New York Mellon Corp.
4.942%, (4.942% to 2-11-30, then Overnight SOFR + 0.887%), 02/11/2031
  230,000     231,958
The Goldman Sachs Group, Inc.
2.615%, (2.615% to 4-22-31, then Overnight SOFR + 1.281%), 04/22/2032
  869,000     780,439
The PNC Financial Services Group, Inc.          
4.812%, (4.812% to 10-21-31, then Overnight SOFR + 1.259%), 10/21/2032   432,000     430,097
5.575%, (5.575% to 1-29-35, then Overnight SOFR + 1.394%), 01/29/2036   94,000     96,364
5.939%, (5.939% to 8-18-33, then Overnight SOFR + 1.946%), 08/18/2034   92,000     96,713
6.250%, (6.250% to 3-15-30, then 7 Year CMT + 2.808%), 03/15/2030 (C)   94,000     96,091
Truist Financial Corp.          
5.153%, (5.153% to 8-5-31, then Overnight SOFR + 1.571%), 08/05/2032   408,000     411,029
5.281%, (5.281% to 4-23-36, then Overnight SOFR + 1.414%), 04/23/2037   287,000     284,223
5.867%, (5.867% to 6-8-33, then Overnight SOFR + 2.361%), 06/08/2034   1,191,000     1,238,979
6.123%, (6.123% to 10-28-32, then Overnight SOFR + 2.300%), 10/28/2033   415,000     438,106
 
The accompanying notes are an integral part of the financial statements. 88  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Truist Financial Corp. (continued)          
6.250%, (6.250% to 6-15-31, then 5 Year CMT + 2.129%), 06/15/2031 (C) $ 377,000   $ 377,094
U.S. Bancorp          
4.839%, (4.839% to 2-1-33, then Overnight SOFR + 1.600%), 02/01/2034   425,000     419,355
5.083%, (5.083% to 5-15-30, then Overnight SOFR + 1.296%), 05/15/2031   566,000     572,304
5.678%, (5.678% to 1-23-34, then Overnight SOFR + 1.860%), 01/23/2035   228,000     235,409
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034   199,000     207,489
UBS Group AG          
6.301%, (6.301% to 9-22-33, then 1 Year CMT + 2.000%), 09/22/2034 (A)   170,000     180,634
7.000%, (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%), 02/10/2030 (A)(C)   200,000     203,476
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (A)(C)   183,000     184,664
9.250%, (9.250% to 11-13-33, then 5 Year CMT + 4.758%), 11/13/2033 (A)(C)   618,000     713,884
Valley National Bancorp
6.219%, (6.219% to 6-1-31, then 3 month CME Term SOFR + 2.430%), 06/01/2036
  614,000     611,700
Webster Financial Corp.
5.784%, (5.784% to 9-11-30, then 5 Year CMT + 2.125%), 09/11/2035
  96,000     96,749
Wells Fargo & Company          
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033   992,000     911,892
5.211%, (5.211% to 12-3-34, then Overnight SOFR + 1.380%), 12/03/2035   691,000     689,788
5.244%, (5.244% to 1-24-30, then Overnight SOFR + 1.110%), 01/24/2031   95,000     96,298
6.491%, (6.491% to 10-23-33, then Overnight SOFR + 2.060%), 10/23/2034   870,000     939,026
          66,662,821
Health care – 2.2%          
Abbott Laboratories
4.300%, 03/15/2033
  856,000     830,285
AbbVie, Inc.          
4.400%, 03/15/2033   824,000     806,254
5.050%, 03/15/2034   1,150,000     1,162,405
Amgen, Inc.          
5.250%, 03/02/2033   1,071,000     1,089,841
5.650%, 03/02/2053   505,000     491,518
Cencora, Inc.
2.800%, 05/15/2030
  600,000     559,580
CVS Health Corp.
5.000%, 09/15/2032
  97,000     97,216
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
Fresenius Medical Care US Finance III, Inc.
3.750%, 06/15/2029 (A)
$ 948,000   $ 917,495
HCA, Inc.          
4.300%, 11/15/2030   97,000     94,883
4.600%, 11/15/2032   98,000     95,449
5.000%, 05/15/2033   508,000     502,806
5.450%, 04/01/2031   434,000     443,444
IQVIA, Inc.
6.250%, 02/01/2029
  172,000     177,696
Medtronic Global Holdings SCA
4.500%, 03/30/2033
  136,000     133,323
Merck & Company, Inc.
4.450%, 12/04/2032
  133,000     130,907
Pfizer Investment Enterprises Pte, Ltd.
4.750%, 05/19/2033
  969,000     959,689
Roche Holdings, Inc.
5.489%, 11/13/2030 (A)
  494,000     511,829
Solventum Corp.
5.450%, 03/13/2031
  951,000     973,511
UnitedHealth Group, Inc.
5.950%, 06/15/2055
  94,000     96,867
Universal Health Services, Inc.
2.650%, 10/15/2030
  963,000     865,975
VSP Optical Group, Inc.
5.400%, 06/01/2033 (A)
  236,000     236,596
          11,177,569
Industrials – 2.8%          
AerCap Ireland Capital DAC
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056
  150,000     151,935
Air Canada 2015-2 Class AA Pass Through Trust
3.750%, 12/15/2027 (A)
  128,929     126,960
American Airlines 2016-1 Class A Pass Through Trust
4.100%, 01/15/2028
  717,990     705,268
American Airlines 2017-1 Class A Pass Through Trust
4.000%, 02/15/2029
  101,015     98,047
American Airlines 2017-1 Class AA Pass Through Trust
3.650%, 02/15/2029
  184,438     180,203
American Airlines 2017-2 Class A Pass Through Trust
3.600%, 10/15/2029
  178,044     171,186
American Airlines 2019-1 Class A Pass Through Trust
3.500%, 02/15/2032
  105,885     97,302
American Airlines 2019-1 Class AA Pass Through Trust
3.150%, 02/15/2032
  581,354     545,156
American Airlines 2021-1 Class A Pass Through Trust
2.875%, 07/11/2034
  729,462     656,605
American Airlines 2021-1 Class B Pass Through Trust
3.950%, 07/11/2030
  656,915     628,227
American Airlines 2025-1 Class A Pass Through Trust
4.900%, 05/11/2038
  106,000     103,278
American Airlines 2025-1 Class B Pass Through Trust
5.650%, 11/11/2034
  228,000     225,586
 
The accompanying notes are an integral part of the financial statements. 89  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
American Airlines 2026-1 Class A Pass Through Trust
5.250%, 11/10/2038
$ 489,000   $ 485,107
American Airlines 2026-1 Class B Pass Through Trust
5.750%, 05/10/2035
  509,000     506,262
Ashtead Capital, Inc.
5.550%, 05/30/2033 (A)
  804,000     812,263
BAE Systems PLC
5.250%, 03/26/2031 (A)
  436,000     444,503
British Airways 2018-1 Class A Pass Through Trust
4.125%, 09/20/2031 (A)
  97,138     93,828
CIMIC Finance USA Pty, Ltd.
7.000%, 03/25/2034 (A)
  663,000     704,911
CIMIC Finance, Ltd.
6.000%, 04/22/2036 (A)
  520,000     512,617
DAE Funding LLC          
3.375%, 03/20/2028 (A)   599,000     579,521
4.950%, 01/15/2033 (A)   200,000     192,980
Eaton Corp.
4.500%, 03/06/2033
  98,000     95,933
Flowserve Corp.
5.700%, 05/15/2036
  331,000     332,678
Hexcel Corp.
4.900%, 05/15/2031
  69,000     68,792
Honeywell Aerospace, Inc.
4.600%, 03/16/2033 (A)
  361,000     354,320
JetBlue 2019-1 Class AA Pass Through Trust
2.750%, 05/15/2032
  905,818     801,884
JetBlue 2020-1 Class A Pass Through Trust
4.000%, 11/15/2032
  96,655     91,603
Novartis Capital Corp.
4.600%, 03/18/2033
  164,000     162,491
The Boeing Company
6.528%, 05/01/2034
  969,000     1,054,189
Tyco Electronics Group SA
4.500%, 02/09/2031
  97,000     96,428
United Airlines 2016-1 Class A Pass Through Trust
3.450%, 07/07/2028
  1,005,922     974,503
United Airlines 2019-1 Class A Pass Through Trust
4.550%, 08/25/2031
  100,470     96,821
United Airlines 2020-1 Class A Pass Through Trust
5.875%, 10/15/2027 (B)
  96,458     97,594
United Airlines 2023-1 Class A Pass Through Trust
5.800%, 01/15/2036
  877,845     911,031
United Airlines 2024-1 Class A Pass Through Trust
5.875%, 02/15/2037
  95,854     96,152
United Airlines 2024-1 Class AA Pass Through Trust
5.450%, 02/15/2037
  248,093     252,252
Weir Group, Inc.
5.350%, 05/06/2030 (A)
  174,000     175,535
WSP Global, Inc.
5.714%, 09/18/2036 (A)
  136,000     134,481
          13,818,432
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology – 2.3%          
Amphenol Corp.
4.400%, 02/15/2033
$ 99,000   $ 96,261
Beacon Point DC LLC
6.129%, 11/30/2042 (A)
  791,000     797,793
Broadcom, Inc.          
3.419%, 04/15/2033   1,458,000     1,329,093
4.550%, 02/15/2032   81,000     79,908
4.800%, 02/15/2036   123,000     119,365
4.900%, 07/15/2032   968,000     971,167
CDW LLC
5.100%, 03/01/2030
  97,000     96,792
Dell International LLC          
4.500%, 02/15/2031   220,000     216,946
4.750%, 10/06/2032   135,000     133,406
5.300%, 04/01/2032   171,000     173,913
5.400%, 04/15/2034 (B)   611,000     619,443
Foundry JV Holdco LLC          
6.100%, 01/25/2036 (A)   200,000     210,844
6.250%, 01/25/2035 (A)   776,000     823,703
HUT 8 DC LLC
6.192%, 11/15/2042 (A)
  344,000     348,431
Jabil, Inc.
4.750%, 02/01/2033
  99,000     96,648
Marvell Technology, Inc.
5.950%, 09/15/2033
  894,000     938,825
Micron Technology, Inc.
2.703%, 04/15/2032
  109,000     97,657
Motorola Solutions, Inc.          
2.300%, 11/15/2030   103,000     92,912
2.750%, 05/24/2031   822,000     746,748
Oracle Corp.          
4.700%, 09/27/2034   200,000     183,246
4.800%, 09/26/2032   102,000     97,054
5.250%, 02/03/2032   183,000     180,398
5.550%, 02/06/2053   1,197,000     964,197
5.700%, 02/04/2036   100,000     96,845
Qorvo, Inc.          
3.375%, 04/01/2031 (A)   289,000     263,973
4.375%, 10/15/2029   181,000     174,470
TD SYNNEX Corp.          
2.650%, 08/09/2031   80,000     71,226
5.300%, 10/10/2035   829,000     816,078
6.100%, 04/12/2034   640,000     666,018
VeriSign, Inc.
5.100%, 07/15/2031
  169,000     169,498
VMware LLC
4.700%, 05/15/2030
  79,000     79,149
          11,752,007
Materials – 0.7%          
Anglo American Capital PLC
5.000%, 03/21/2033 (A)
  845,000     838,346
Cemex SAB de CV          
3.875%, 07/11/2031 (A)   842,000     793,600
5.750%, 06/05/2036   613,000     610,855
Freeport-McMoRan, Inc.
5.400%, 11/14/2034
  609,000     619,452
JH North America Holdings, Inc.          
5.875%, 01/31/2031 (A)   341,000     342,604
6.125%, 07/31/2032 (A)   96,000     96,796
Rio Tinto Finance USA PLC
5.000%, 03/14/2032
  70,000     70,712
SNF Group SACA
5.626%, 03/31/2031 (A)
  222,000     224,490
          3,596,855
 
The accompanying notes are an integral part of the financial statements. 90  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Real estate – 1.6%          
American Homes 4 Rent LP
4.950%, 06/15/2030
$ 881,000   $ 883,381
American Tower Corp.          
4.700%, 12/15/2032   181,000     178,056
5.200%, 02/15/2029   856,000     867,203
5.550%, 07/15/2033   524,000     537,567
5.650%, 03/15/2033   570,000     588,644
Boston Properties LP
6.500%, 01/15/2034
  794,000     842,570
CoStar Group, Inc.
2.800%, 07/15/2030 (A)
  682,000     613,611
Cousins Properties LP
4.875%, 03/01/2033
  794,000     773,037
FIBRA Prologis
5.500%, 11/26/2035 (A)
  200,000     194,100
Host Hotels & Resorts LP
4.250%, 12/15/2028
  427,000     422,445
Prologis Targeted U.S. Logistics
Fund LP
         
4.625%, 03/15/2033 (A)   855,000     832,489
5.250%, 01/15/2035 (A)   558,000     557,949
Regency Centers LP          
4.500%, 03/15/2033   185,000     179,958
5.000%, 07/15/2032   138,000     138,821
VICI Properties LP          
5.125%, 11/15/2031   142,000     141,379
5.125%, 05/15/2032   411,000     407,621
          8,158,831
Utilities – 3.7%          
American Electric Power Company, Inc.          
5.625%, 03/01/2033 (B)   547,000     566,779
5.800%, (5.800% to 3-15-31, then 5 Year CMT + 2.128%), 03/15/2056   98,000     97,462
6.050%, (6.050% to 3-15-36, then 5 Year CMT + 1.940%), 03/15/2056   583,000     579,721
Atlantica Transmision Sur SA
6.875%, 04/30/2043 (A)
  219,901     234,333
Capital Power US Holdings, Inc.
6.189%, 06/01/2035 (A)
  174,000     180,081
CenterPoint Energy, Inc.          
5.950%, (5.950% to 4-1-31, then 5 Year CMT + 2.223%), 04/01/2056   98,000     97,954
6.850%, (6.850% to 2-15-35, then 5 Year CMT + 2.946%), 02/15/2055   67,000     70,418
7.000%, (7.000% to 2-15-30, then 5 Year CMT + 3.254%), 02/15/2055   94,000     97,368
Constellation Energy Generation LLC          
4.400%, 01/15/2031   97,000     95,360
6.500%, 10/01/2053   91,000     97,637
Dominion Energy, Inc.          
6.000%, (6.000% to 2-15-31, then 5 Year CMT + 2.262%), 02/15/2056   674,000     676,984
6.200%, (6.200% to 2-15-36, then 5 Year CMT + 2.006%), 02/15/2056   129,000     129,407
6.875%, (6.875% to 2-1-30, then 5 Year CMT + 2.386%), 02/01/2055   199,000     205,629
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054   90,000     95,291
Duke Energy Carolinas LLC
4.950%, 01/15/2033
  106,000     106,692
Duke Energy Corp.
5.750%, 09/15/2033
  761,000     793,288
Electricite de France SA
5.650%, 04/22/2029 (A)
  814,000     836,636
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
Entergy Corp.          
5.875%, (5.875% to 6-15-31, then 5 Year CMT + 2.179%), 06/15/2056 $ 112,000   $ 112,018
6.100%, (6.100% to 6-15-36, then 5 Year CMT + 2.013%), 06/15/2056   95,000     95,195
Eversource Energy
5.125%, 05/15/2033
  142,000     142,070
Exelon Corp.          
5.125%, 03/15/2031   96,000     97,281
6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055   69,000     70,821
Georgia Power Company
4.950%, 05/17/2033
  177,000     178,073
Indianapolis Power & Light Company
5.650%, 12/01/2032 (A)
  977,000     1,012,379
Israel Electric Corp., Ltd.
5.633%, 01/28/2038 (A)
  429,000     426,559
National Grid PLC
5.809%, 06/12/2033
  880,000     916,314
NextEra Energy Capital Holdings, Inc.          
2.440%, 01/15/2032   204,000     179,908
6.200%, (6.200% to 10-1-36, then 5 Year CMT + 1.765%), 10/01/2056   280,000     279,729
6.375%, (6.375% to 8-15-30, then 5 Year CMT + 2.053%), 08/15/2055   95,000     96,753
6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055   463,000     475,239
NiSource, Inc.          
3.600%, 05/01/2030   99,000     95,025
5.750%, (5.750% to 7-15-31, then 5 Year CMT + 2.035%), 07/15/2056   635,000     634,080
NRG Energy, Inc.          
4.955%, 04/30/2031 (A)   600,000     593,379
5.407%, 10/15/2035 (A)   557,000     547,462
7.000%, 03/15/2033 (A)   1,079,000     1,170,485
Pacific Gas & Electric Company
5.800%, 05/15/2034
  594,000     607,204
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara
4.750%, 02/03/2031 (A)
  200,000     194,936
Sempra          
5.500%, 08/01/2033   175,000     179,910
6.400%, (6.400% to 10-1-34, then 5 Year CMT + 2.632%), 10/01/2054   694,000     697,718
The AES Corp.
5.200%, 07/15/2029
  202,000     203,150
The Southern Company          
5.700%, 03/15/2034   554,000     573,911
6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055   69,000     70,811
Vistra Operations Company LLC          
4.300%, 07/15/2029 (A)   743,000     727,768
4.700%, 01/31/2031 (A)   98,000     96,038
5.000%, 04/30/2031 (A)   991,000     983,508
5.250%, 04/30/2033 (A)   979,000     971,755
6.000%, 04/15/2034 (A)   115,000     118,381
6.950%, 10/15/2033 (A)   687,000     747,547
WEC Energy Group, Inc.
5.625%, (5.625% to 5-15-31, then 5 Year CMT + 1.905%), 05/15/2056
  97,000     96,414
          18,352,861
TOTAL CORPORATE BONDS (Cost $164,399,003)     $ 162,653,876
 
The accompanying notes are an integral part of the financial statements. 91  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
MUNICIPAL BONDS – 0.1%          
Foothill-Eastern Transportation Corridor Agency (California)
4.094%, 01/15/2049
$ 119,000   $ 97,804
Maryland Health & Higher Educational Facilities Authority
3.197%, 07/01/2050
  196,000     132,786
Ohio Turnpike & Infrastructure Commission
3.216%, 02/15/2048
  130,000     95,222
Regents of the University of California Medical Center
3.006%, 05/15/2050
  200,000     131,183
TOTAL MUNICIPAL BONDS (Cost $674,963)   $ 456,995
COLLATERALIZED MORTGAGE OBLIGATIONS – 6.7%      
Commercial and residential – 5.8%          
A&D Mortgage Trust          
Series 2026-NQM1, Class A1,
4.912%, 02/25/2071 (A)(D)
  339,625     335,794
Series 2026-NQM2, Class A1,
4.811%, 03/25/2071 (A)(D)
  437,233     431,586
Angel Oak Mortgage Trust LLC          
Series 2020-R1, Class A1,
0.990%, 04/25/2053 (A)(D)
  33,061     31,935
Series 2021-5, Class A1,
0.951%, 07/25/2066 (A)(D)
  160,948     139,637
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter),
4.800%, 11/26/2068 (A)
  146,736     145,890
Series 2024-5, Class A1 (4.950% to 4-1-28, then 5.950% thereafter),
4.950%, 07/25/2068 (A)
  190,401     189,462
Series 2025-10, Class A1,
4.960%, 09/25/2070 (A)(D)
  141,685     140,357
Series 2025-11, Class A1,
4.975%, 10/25/2070 (A)(D)
  202,059     200,173
Series 2025-13, Class A1,
4.929%, 10/25/2070 (A)
  279,333     276,443
Series 2026-1, Class A1,
4.747%, 02/25/2071 (A)(D)
  237,390     234,037
Arroyo Mortgage Trust
Series 2021-1R, Class A1
1.175%, 10/25/2048 (A)(D)
  103,157     94,118
Avenue of Americas          
Series 2025-1301, Class A,
5.227%, 08/11/2042 (A)(D)
  548,000     547,339
Series 2025-1301, Class B,
5.478%, 08/11/2042 (A)(D)
  150,000     149,280
BAHA Trust
Series 2024-MAR, Class A
6.171%, 12/10/2041 (A)(D)
  582,000     594,010
BANK5          
Series 2025-5YR18, Class A3,
5.145%, 12/15/2058
  591,000     596,419
Series 2025-5YR19, Class A3,
5.270%, 12/15/2058
  195,000     197,852
Series 2026-5YR20, Class A3,
5.104%, 02/15/2059
  141,000     142,041
Series 2026-5YR21, Class A3,
5.525%, 04/15/2059
  230,000     235,541
Series 2026-5YR22, Class A3,
5.713%, 06/15/2059 (D)
  459,000     473,375
BBCMS Mortgage Trust          
Series 2020-C6, Class A2,
2.690%, 02/15/2053
  106,553     100,516
Series 2024-5C29, Class A3,
5.208%, 09/15/2057
  472,000     475,554
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
BBCMS Mortgage Trust (continued)          
Series 2024-5C31, Class A3,
5.609%, 12/15/2057
$ 100,000   $ 102,034
Series 2025-5C38, Class A3,
5.146%, 11/15/2058
  246,000     248,527
Series 2026-5C40, Class A3,
5.248%, 02/15/2059
  245,000     248,215
Series 2026-5C41, Class A3,
5.438%, 05/15/2069
  326,000     332,470
Series 2026-5C42, Class A3,
5.598%, 06/15/2059
  227,000     233,424
Benchmark Mortgage Trust          
Series 2024-V12, Class A3,
5.738%, 12/15/2057
  384,000     393,424
Series 2026-V20, Class A3,
5.184%, 02/15/2059
  196,000     197,996
BMO Mortgage Trust
Series 2024-5C8, Class A3
5.625%, 12/15/2057 (D)
  97,000     99,031
BRAVO Residential Funding Trust
Series 2021-NQM1, Class A1
0.941%, 02/25/2049 (A)(D)
  48,264     45,785
BX Trust
Series 2019-OC11, Class A
3.202%, 12/09/2041 (A)
  158,000     149,225
BXHPP Trust
Series 2021-FILM, Class C (1 month CME Term SOFR + 1.214%)
4.839%, 08/15/2036 (A)(E)
  740,000     641,943
Cantor Commercial Real Estate Lending
Series 2019-CF1, Class A2
3.623%, 05/15/2052
  356,701     350,741
CENT Trust
Series 2025-CITY, Class A
5.091%, 07/10/2040 (A)(D)
  295,000     294,481
Citigroup Commercial Mortgage Trust          
Series 2020-GC46, Class A2,
2.708%, 02/15/2053
  140,361     132,961
Series 2023-SMRT, Class A,
6.015%, 06/12/2040 (A)(D)
  290,000     294,201
COLT Mortgage Loan Trust          
Series 2021-3, Class A1,
0.956%, 09/27/2066 (A)(D)
  163,836     136,534
Series 2021-HX1, Class A1,
1.110%, 10/25/2066 (A)(D)
  164,107     140,977
Series 2025-6, Class A1 (5.529% to 7-1-29, then 6.529% thereafter),
5.529%, 08/25/2070 (A)
  140,132     140,221
COLT Trust
Series 2020-RPL1, Class A1
1.390%, 01/25/2065 (A)(D)
  383,731     326,375
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2020-CX, Class D
2.773%, 11/10/2046 (A)(D)
  175,000     135,713
Credit Suisse Mortgage
Capital Certificates
         
Series 2021-NQM2, Class A1,
1.179%, 02/25/2066 (A)(D)
  102,640     91,653
Series 2021-NQM3, Class A1,
1.015%, 04/25/2066 (A)(D)
  108,256     94,906
Series 2021-NQM6, Class A1,
1.174%, 07/25/2066 (A)(D)
  260,187     222,406
 
The accompanying notes are an integral part of the financial statements. 92  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Credit Suisse Mortgage
Capital Certificates (continued)
         
Series 2021-RPL2, Class A1A,
1.115%, 01/25/2060 (A)(D)
$ 335,094   $ 281,983
Cross Mortgage Trust          
Series 2025-H10, Class A1,
4.968%, 01/25/2071 (A)(D)
  146,587     145,193
Series 2025-H8, Class A1,
5.003%, 11/25/2070 (A)(D)
  183,546     181,951
Series 2025-H9, Class A1,
5.036%, 11/25/2070 (A)(D)
  280,568     278,299
Series 2026-NQM1, Class A1,
4.699%, 02/25/2061 (A)(D)
  414,165     408,127
Ellington Financial Mortgage Trust          
Series 2021-2, Class A1,
0.931%, 06/25/2066 (A)(D)
  109,927     93,261
Series 2025-INV5, Class A1,
5.077%, 12/25/2070 (A)(D)
  387,205     383,920
Series 2026-NQM1, Class A1,
4.771%, 02/25/2071 (A)(D)
  196,753     194,040
Flagstar Mortgage Trust
Series 2021-1, Class A2
2.500%, 02/01/2051 (A)(D)
  355,633     293,162
GCAT Trust          
Series 2021-NQM1, Class A1,
0.874%, 01/25/2066 (A)(D)
  73,754     65,208
Series 2021-NQM2, Class A1,
1.036%, 05/25/2066 (A)(D)
  80,904     70,875
Series 2021-NQM3, Class A1,
1.091%, 05/25/2066 (A)(D)
  105,951     92,808
Series 2025-NQM5, Class A1,
4.981%, 08/25/2070 (A)(D)
  233,204     230,860
GGP Trust
Series 2026-TY, Class A
4.825%, 03/05/2043 (A)(D)
  350,000     344,790
GS Mortgage-Backed Securities Trust          
Series 2020-NQM1, Class A1,
1.382%, 09/27/2060 (A)(D)
  256,930     249,368
Series 2021-NQM1, Class A1,
1.017%, 07/25/2061 (A)(D)
  47,287     43,645
Hudson Yards Mortgage Trust          
Series 2025-SPRL, Class A,
5.649%, 01/13/2040 (A)(D)
  489,000     496,721
Series 2026-10HY, Class A,
5.086%, 12/10/2039 (A)(D)
  327,000     328,237
Imperial Fund Mortgage Trust
Series 2021-NQM1, Class A1
1.071%, 06/25/2056 (A)(D)
  107,576     93,987
JP Morgan Mortgage Trust
Series 2025-NQM5, Class A1
4.879%, 05/25/2066 (A)(D)
  143,204     141,648
MFA Trust
Series 2021-NQM1, Class A1
1.153%, 04/25/2065 (A)(D)
  40,072     37,760
Morgan Stanley Residential Mortgage Loan Trust
Series 2025-NQM10, Class A1
5.119%, 11/25/2070 (A)(D)
  188,849     187,189
MTN Commercial Mortgage Trust
Series 2026-LPFX, Class A
5.153%, 05/15/2043 (A)(D)
  219,000     218,588
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
New Residential Mortgage Loan Trust          
Series 2025-NQM6, Class A1,
5.085%, 10/25/2065 (A)(D)
$ 275,111   $ 272,904
Series 2025-NQM7, Class A1,
5.010%, 10/26/2065 (A)(D)
  185,036     184,169
Series 2026-NQM1, Class A1,
4.824%, 11/25/2065 (A)(D)
  236,046     233,097
Series 2026-NQM2, Class A1,
4.743%, 12/25/2065 (A)(D)
  194,259     191,363
NMLT Trust
Series 2021-INV1, Class A1
1.185%, 05/25/2056 (A)(D)
  210,302     182,868
NXPT Commercial Mortgage Trust
Series 2024-STOR, Class A
4.455%, 11/05/2041 (A)(D)
  254,000     248,471
NYC Trust
Series 2026-9W57, Class A
5.053%, 06/06/2040 (A)(D)
  613,000     610,257
NYMT Loan Trust          
Series 2022-CP1, Class A1,
2.042%, 07/25/2061 (A)
  56,405     52,890
Series 2025-INV2, Class A1,
5.000%, 10/25/2060 (A)(D)
  293,738     291,361
OBX Trust          
Series 2020-EXP2, Class A3,
2.500%, 05/25/2060 (A)(D)
  63,452     53,379
Series 2021-NQM2, Class A1,
1.101%, 05/25/2061 (A)(D)
  171,662     140,467
Series 2021-NQM3, Class A1,
1.054%, 07/25/2061 (A)(D)
  170,159     142,176
Series 2025-NQM14, Class A1 (5.162% to 7-1-29, then 6.162% thereafter),
5.162%, 07/25/2065 (A)
  91,523     91,144
Series 2025-NQM18, Class A1,
5.057%, 09/25/2065 (A)(D)
  90,669     90,126
Series 2025-NQM19, Class A1,
4.869%, 10/25/2065 (A)(D)
  212,883     211,000
Series 2025-NQM20, Class A1,
5.021%, 10/25/2065 (A)(D)
  271,247     269,049
Series 2025-NQM21, Class A1,
4.989%, 10/25/2065 (A)(D)
  153,124     151,855
Series 2025-NQM23, Class A1,
4.872%, 10/25/2065 (A)(D)
  177,479     175,986
Series 2026-NQM2, Class A1,
4.818%, 12/01/2065 (A)(D)
  478,300     474,525
Series 2026-NQM3, Class A1,
4.652%, 01/25/2066 (A)(D)
  420,244     413,756
Series 2026-NQM8, Class A1,
5.297%, 05/25/2066 (A)(D)
  151,000     150,400
Series 2026-NQM9, Class A1,
5.470%, 04/25/2066 (A)(D)
  326,000     325,874
PRKCM Trust
Series 2026-AFC1, Class A1
4.677%, 02/25/2061 (A)(D)
  196,192     193,088
Progress Residential Trust          
Series 2024-SFR1, Class A,
3.350%, 02/17/2041 (A)
  307,516     295,539
Series 2025-SFR1, Class A,
3.400%, 02/17/2042 (A)
  579,054     549,330
Series 2025-SFR2, Class A,
3.305%, 04/17/2042 (A)
  475,558     448,061
 
The accompanying notes are an integral part of the financial statements. 93  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Progress Residential Trust (continued)          
Series 2025-SFR5, Class A,
3.850%, 10/17/2042 (A)
$ 260,594   $ 249,010
Series 2025-SFR6, Class A,
4.000%, 12/17/2042 (A)
  440,000     422,165
Series 2026-SFR1, Class A,
3.850%, 02/17/2043 (A)
  262,000     249,192
Series 2026-SFR2, Class A,
4.240%, 05/17/2043 (A)
  408,000     393,680
Series 2026-SFR3, Class A,
4.000%, 07/17/2043 (A)
  173,000     164,833
Provident Funding Mortgage Trust
Series 2020-F1, Class A2
2.000%, 01/25/2036 (A)(D)
  207,727     185,306
ROCK Trust          
Series 2024-CNTR, Class A,
5.388%, 11/13/2041 (A)
  543,000     548,808
Series 2024-CNTR, Class D,
7.109%, 11/13/2041 (A)
  395,000     409,179
SLG Office Trust          
Series 2021-OVA, Class C,
2.851%, 07/15/2041 (A)
  545,000     482,643
Series 2026-OMA, Class A,
5.131%, 04/15/2041 (A)(D)
  446,000     445,359
Starwood Mortgage Residential Trust
Series 2021-2, Class A1
0.943%, 05/25/2065 (A)(D)
  37,478     35,829
Towd Point Mortgage Trust          
Series 2018-4, Class A1,
3.000%, 06/25/2058 (A)(D)
  102,986     97,207
Series 2019-4, Class A1,
2.900%, 10/25/2059 (A)(D)
  98,703     94,451
Series 2020-4, Class A1,
1.750%, 10/25/2060 (A)
  156,873     142,543
Series 2024-1, Class A1,
4.927%, 03/25/2064 (A)(D)
  252,388     256,344
Series 2024-3, Class A1A,
4.958%, 07/25/2065 (A)(D)
  164,215     164,184
Series 2024-4, Class A1A,
4.547%, 10/27/2064 (A)(D)
  96,625     96,338
VDCM Commercial Mortgage Trust
Series 2025-AZ, Class A
5.229%, 07/13/2044 (A)(D)
  250,000     247,520
Verus Securitization Trust          
Series 2021-1, Class A1,
0.815%, 01/25/2066 (A)(D)
  108,231     98,259
Series 2021-3, Class A1,
1.046%, 06/25/2066 (A)(D)
  151,986     133,700
Series 2021-4, Class A1,
0.938%, 07/25/2066 (A)(D)
  80,343     67,939
Series 2021-5, Class A1,
1.013%, 09/25/2066 (A)(D)
  112,608     96,697
Series 2021-R2, Class A1,
0.918%, 02/25/2064 (A)(D)
  43,003     41,038
Series 2025-11, Class A1,
4.914%, 11/25/2070 (A)(D)
  325,847     323,365
Series 2026-1, Class A1,
4.863%, 01/25/2071 (A)(D)
  287,954     285,107
Series 2026-2, Class A1,
4.590%, 02/25/2071 (A)(D)
  316,480     312,070
Visio Trust
Series 2020-1R, Class A1
1.312%, 11/25/2055 (A)
  39,261     38,134
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
Wells Fargo Commercial Mortgage Trust          
Series 2025-5C4, Class A3,
5.673%, 05/15/2058
$ 240,000   $ 245,492
Series 2025-5C6, Class A3,
5.186%, 10/15/2058
  273,000     275,023
WHARF Commercial Mortgage Trust
Series 2025-DC, Class A
5.528%, 07/15/2040 (A)(D)
  394,000     398,056
          29,088,828
U.S. Government Agency – 0.9%          
Government National
Mortgage Association
         
Series 2017-46, Class IO,
0.651%, 11/16/2057
  2,309,630     84,784
Series 2019-131, Class IO,
0.803%, 07/16/2061
  4,448,158     248,241
Series 2020-100, Class IO,
0.788%, 05/16/2062
  4,234,879     248,392
Series 2020-108, Class IO,
0.847%, 06/16/2062
  2,600,396     154,001
Series 2020-114, Class IO,
0.799%, 09/16/2062
  4,446,060     238,363
Series 2020-118, Class IO,
0.885%, 06/16/2062
  4,017,015     248,454
Series 2020-120, Class IO,
0.760%, 05/16/2062
  8,430,251     481,368
Series 2020-137, Class IO,
0.800%, 09/16/2062
  3,242,776     195,189
Series 2020-150, Class IO,
0.971%, 12/16/2062
  7,353,490     483,376
Series 2020-170, Class IO,
0.836%, 11/16/2062
  2,323,210     146,999
Series 2020-92, Class IO,
0.870%, 02/16/2062
  1,727,693     102,757
Series 2021-10, Class IO,
0.995%, 05/16/2063
  3,150,036     243,088
Series 2021-11, Class IO,
1.022%, 12/16/2062
  2,713,791     199,619
Series 2021-203, Class IO,
0.867%, 07/16/2063
  6,770,740     427,526
Series 2021-3, Class IO,
0.871%, 09/16/2062
  3,918,631     244,251
Series 2023-197, Class IO,
1.244%, 09/16/2065
  5,649,789     454,344
Series 2025-128, Class IO,
0.926%, 09/16/2067
  5,537,918     430,216
Series 2026-56, Class IO,
0.855%, 11/16/2068
  2,301,772     170,611
          4,801,579
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $36,064,332)   $ 33,890,407
ASSET-BACKED SECURITIES – 7.8%      
ABPCI Direct Lending Fund I, Ltd.
Series 2020-1A, Class A
3.199%, 12/29/2030 (A)
  199,699     183,493
Aligned Data Centers Issuer LLC          
Series 2023-2A, Class A2
6.500%, 11/16/2048 (A)
  247,000     248,555
Series 2026-1A, Class A2I
5.909%, 06/15/2056 (A)
  262,000     262,583
 
The accompanying notes are an integral part of the financial statements. 94  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Ally Bank Auto Credit-Linked Notes
Series 2025-B, Class A2
4.305%, 09/15/2033 (A)
$ 264,041   $ 262,934
AMSR Trust          
Series 2021-SFR1, Class B
2.153%, 06/17/2038 (A)
  317,000     299,548
Series 2023-SFR1, Class A
4.000%, 04/17/2040 (A)
  177,000     174,046
Series 2025-SFR1, Class A
3.655%, 06/17/2042 (A)
  123,000     117,306
Series 2025-SFR2, Class A
4.275%, 11/17/2042 (A)
  308,000     299,256
Arby's Funding LLC
Series 2020-1A, Class A2
3.237%, 07/30/2050 (A)
  511,778     500,589
Avis Budget Rental Car Funding AESOP LLC
Series 2024-1A, Class A
5.360%, 06/20/2030 (A)
  337,000     342,106
Beacon Container Finance II LLC
Series 2021-1A, Class A
2.250%, 10/22/2046 (A)
  403,200     373,773
Business Jet Securities LLC
Series 2026-1A, Class A
5.464%, 06/15/2041 (A)
  180,000     180,336
Canon Music Issuer Trust
Series 2026-1A, Class A
5.521%, 05/01/2076 (A)
  204,000     203,225
Capital Automotive REIT          
Series 2024-2A, Class A1
4.900%, 05/15/2054 (A)
  99,331     99,012
Series 2024-3A, Class A1
4.400%, 10/15/2054 (A)
  259,095     247,659
CarMax Auto Owner Trust
Series 2026-2, Class A3
4.220%, 06/16/2031
  338,000     336,000
CARS-DB7 LP
Series 2023-1A, Class A1
5.750%, 09/15/2053 (A)
  483,683     484,909
CARS-DB8 LP
Series 2024-2A, Class A2
5.250%, 05/15/2054 (A)
  99,790     98,792
CF Hippolyta Issuer LLC          
Series 2020-1, Class A1
1.690%, 07/15/2060 (A)
  405,439     334,957
Series 2021-1A, Class A1
1.530%, 03/15/2061 (A)
  359,675     283,212
Chesapeake IV Funding DAC
Series 2026-1A, Class A3
4.470%, 02/15/2030 (A)
  391,000     390,718
CLI Funding IX LLC
Series 2025-1A, Class A
5.350%, 06/20/2050 (A)
  440,032     440,399
CLI Funding VI LLC
Series 2020-1A, Class A
2.080%, 09/18/2045 (A)
  330,176     309,233
CLI Funding VIII LLC          
Series 2021-1A, Class A
1.640%, 02/18/2046 (A)
  201,585     186,251
Series 2022-1A, Class A
2.720%, 01/18/2047 (A)
  157,619     144,799
Cloud Capital Holdco LP
Series 2024-2A, Class A2
5.923%, 11/22/2049 (A)
  246,000     244,626
Compass Datacenters Issuer II LLC          
Series 2024-1A, Class A1
5.250%, 02/25/2049 (A)
  299,000     300,152
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Compass Datacenters Issuer
II LLC (continued)
         
Series 2025-1A, Class A1
5.316%, 05/25/2050 (A)
$ 251,000   $ 250,279
Compass Datacenters Issuer III LLC
Series 2025-2A, Class A2
5.835%, 02/25/2050 (A)
  120,000     120,866
Concord Music Royalties LLC
Series 2025-2A, Class A
5.785%, 07/20/2075 (A)
  195,000     196,754
Consolidated Communications LLC          
Series 2025-1A, Class A2
6.000%, 05/20/2055 (A)
  369,000     373,822
Series 2025-4A, Class A2
5.522%, 12/20/2055 (A)
  149,000     149,602
CyrusOne Data Centers Issuer I LLC          
Series 2023-1A, Class A2
4.300%, 04/20/2048 (A)
  152,000     148,731
Series 2024-2A, Class A2
4.500%, 05/20/2049 (A)
  459,000     444,482
DataBank Issuer LLC          
Series 2021-2A, Class A2
2.400%, 10/25/2051 (A)
  137,000     135,901
Series 2026-1A, Class A2
5.811%, 02/25/2056 (A)
  295,000     294,601
DB Master Finance LLC          
Series 2017-1A, Class A2II
4.030%, 11/20/2047 (A)
  200,933     198,856
Series 2025-1A, Class A2I
4.891%, 08/20/2055 (A)
  143,280     141,621
Series 2025-1A, Class A2II
5.165%, 08/20/2055 (A)
  153,230     151,402
Series 2026-1A, Class A2I
5.200%, 05/20/2056 (A)
  206,000     205,871
Series 2026-1A, Class A2II
5.432%, 05/20/2056 (A)
  358,000     358,190
Diamond Infrastructure Funding LLC
Series 2021-1A, Class A
1.760%, 04/15/2049 (A)
  436,000     429,164
Domino's Pizza Master Issuer LLC          
Series 2019-1A, Class A2
3.668%, 10/25/2049 (A)
  140,160     134,472
Series 2021-1A, Class A2I
2.662%, 04/25/2051 (A)
  369,550     351,071
Series 2025-1A, Class A2I
4.930%, 07/25/2055 (A)
  150,000     148,686
Series 2025-1A, Class A2II
5.217%, 07/25/2055 (A)
  200,000     199,066
Driven Brands Funding LLC          
Series 2020-2A, Class A2
3.237%, 01/20/2051 (A)
  365,088     351,012
Series 2021-1A, Class A2
2.791%, 10/20/2051 (A)
  390,337     364,250
Series 2024-1A, Class A2
6.372%, 10/20/2054 (A)
  306,540     308,189
Series 2025-1A, Class A2
5.296%, 10/20/2055 (A)
  199,995     193,504
ExteNet Issuer LLC
Series 2024-1A, Class A2
5.335%, 07/25/2054 (A)
  449,000     407,955
FirstKey Homes Trust
Series 2021-SFR1, Class C
1.888%, 08/17/2038 (A)
  479,000     476,805
FirstLight Issuer LLC
Series 2026-1A, Class A2
5.873%, 06/20/2056 (A)
  304,000     305,201
 
The accompanying notes are an integral part of the financial statements. 95  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Flexential Issuer LLC
Series 2025-1A, Class A2
6.030%, 10/25/2060 (A)
$ 151,000   $ 150,264
Ford Credit Auto Owner Trust
Series 2026-1, Class A (4.320% to 2-15-31, then 8.630% thereafter)
4.320%, 08/15/2038 (A)
  448,000     442,894
GBX Leasing LLC
Series 2026-1A, Class A
5.130%, 02/20/2056 (A)
  295,763     289,674
GM Financial Consumer Automobile Receivables Trust
Series 2026-2, Class A3
4.150%, 08/18/2031
  409,000     406,462
GM Financial Revolving Receivables Trust
Series 2024-1, Class A
4.980%, 12/11/2036 (A)
  278,000     281,501
GMF Floorplan Owner Revolving Trust
Series 2024-2A, Class A
5.060%, 03/15/2031 (A)
  490,000     496,863
Golub Capital Partners Funding, Ltd.          
Series 2020-1A, Class A2
3.208%, 01/22/2029 (A)
  41,795     39,692
Series 2021-1A, Class A2
2.773%, 04/20/2029 (A)
  134,012     124,714
GreatAmerica Leasing Receivables Funding LLC
Series 2025-2, Class A3
4.140%, 12/17/2029 (A)
  451,000     447,331
HI-FI Music IP Issuer LP
Series 2022-1A, Class A2
3.939%, 02/01/2062 (A)
  471,000     468,032
Hotwire Funding LLC
Series 2023-1A, Class A2
5.687%, 05/20/2053 (A)
  365,000     366,358
Invitation Homes Trust
Series 2024-SFR1, Class A
4.000%, 09/17/2041 (A)
  405,694     394,706
Iskandar Enterprise LLC
Series 2026-1A, Class A21
5.049%, 04/17/2056 (A)
  800,000     795,414
Jersey Mike's Funding LLC          
Series 2024-1A, Class A2
5.636%, 02/15/2055 (A)
  295,263     298,032
Series 2025-1A, Class A2
5.610%, 08/16/2055 (A)
  332,488     335,614
Series 2026-1A, Class A2I
4.952%, 02/15/2056 (A)
  403,988     398,549
Jimmy John's Funding LLC
Series 2026-1A, Class A2
5.685%, 04/30/2056 (A)
  467,000     468,684
Kinetic ABS Issuer LLC          
Series 2026-1A, Class A2
5.219%, 02/25/2056 (A)
  200,000     198,676
Series 2026-2A, Class A2
5.834%, 06/25/2058 (A)
  286,000     288,631
Lyra Music Assets LP          
Series 2024-2A, Class A2
5.760%, 12/22/2064 (A)
  354,197     356,364
Series 2025-1A, Class A2
5.604%, 09/20/2065 (A)
  414,904     416,657
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class A2
5.400%, 08/20/2055 (A)
  447,000     448,206
Series 2025-4A, Class A2
5.163%, 12/20/2055 (A)
  195,000     194,151
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
MetroNet Infrastructure
Issuer LLC (continued)
         
Series 2026-1A, Class A2
5.273%, 04/20/2056 (A)
$ 250,000   $ 250,119
Navient Refinance Loan Trust          
Series 2026-A, Class A
4.500%, 01/18/2056 (A)
  393,323     387,725
Series 2026-B, Class A
5.070%, 06/15/2056 (A)
  214,000     213,947
Navient Student Loan Trust
Series 2020-2A, Class A1A
1.320%, 08/26/2069 (A)
  109,526     92,901
Neighborly Issuer LLC          
Series 2021-1A, Class A2
3.584%, 04/30/2051 (A)
  514,900     493,449
Series 2022-1A, Class A2
3.695%, 01/30/2052 (A)
  211,608     200,579
New Economy Assets - Phase 1
Sponsor LLC
         
Series 2021-1, Class A1
1.910%, 10/20/2061 (A)
  530,000     433,275
Series 2021-1, Class B1
2.410%, 10/20/2061 (A)
  304,000     181,518
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, Class A2A
5.000%, 09/15/2048 (A)
  339,000     335,582
Sabey Data Center Issuer LLC
Series 2026-1, Class A2
5.482%, 01/20/2051 (A)
  302,000     299,181
Santander Bank Auto Credit-Linked Notes
Series 2026-A, Class B
4.806%, 07/17/2034 (A)
  417,000     416,338
Scalelogix ABS Issuer LLC
Series 2025-1A, Class A2
5.673%, 07/25/2055 (A)
  252,000     245,480
SCF Equipment Leasing LLC
Series 2025-2A, Class A3
4.330%, 06/20/2036 (A)
  452,000     448,101
SEB Funding LLC
Series 2024-1A, Class A2
7.386%, 04/30/2054 (A)
  441,893     447,687
ServiceMaster Funding LLC
Series 2021-1, Class A2II
3.113%, 07/30/2051 (A)
  290,572     250,418
SERVPRO Master Issuer LLC          
Series 2021-1A, Class A2
2.394%, 04/25/2051 (A)
  283,100     269,163
Series 2024-1A, Class A2
6.174%, 01/25/2054 (A)
  145,648     148,775
Sesac Finance LLC
Series 2025-1, Class A2
5.500%, 07/25/2055 (A)
  283,000     274,997
SMB Private Education Loan Trust          
Series 2021-A, Class APT2
1.070%, 01/15/2053 (A)
  519,610     476,683
Series 2024-A, Class A1A
5.240%, 03/15/2056 (A)
  422,956     424,705
Series 2024-E, Class A1A
5.090%, 10/16/2056 (A)
  233,826     233,603
Sonic Capital LLC          
Series 2020-1A, Class A2I
3.845%, 01/20/2050 (A)
  403,033     399,860
Series 2020-1A, Class A2II
4.336%, 01/20/2050 (A)
  263,667     251,568
 
The accompanying notes are an integral part of the financial statements. 96  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Sonic Capital LLC (continued)          
Series 2021-1A, Class A2I
2.190%, 08/20/2051 (A)
$ 305,753   $ 284,054
Sprite, Ltd.
Series 2026-1, Class A
5.227%, 03/15/2041 (A)
  261,982     257,500
Subway Funding LLC          
Series 2024-1A, Class A2I
6.028%, 07/30/2054 (A)
  197,985     198,790
Series 2024-1A, Class A2II
6.268%, 07/30/2054 (A)
  247,235     248,623
Series 2024-3A, Class A23
5.914%, 07/30/2054 (A)
  611,685     590,425
Summit Issuer LLC
Series 2025-1A, Class A2
5.208%, 11/20/2055 (A)
  321,000     318,841
Switch ABS Issuer LLC          
Series 2024-2A, Class A2
5.436%, 06/25/2054 (A)
  93,000     91,980
Series 2025-1A, Class A2
5.036%, 03/25/2055 (A)
  507,000     494,021
Series 2025-2A, Class A21
5.121%, 10/25/2055 (A)
  306,000     301,267
Taco Bell Funding LLC          
Series 2025-1A, Class A2I
4.821%, 08/25/2055 (A)
  354,000     349,706
Series 2025-1A, Class A2II
5.049%, 08/25/2055 (A)
  545,000     536,604
TIF Funding II LLC          
Series 2020-1A, Class A
2.090%, 08/20/2045 (A)
  346,686     332,185
Series 2021-1A, Class A
1.650%, 02/20/2046 (A)
  259,087     235,114
T-Mobile US Trust
Series 2025-2A, Class A
4.340%, 04/22/2030 (A)
  233,000     233,014
Toyota Auto Receivables Owner Trust
Series 2026-B, Class A3
4.130%, 12/16/2030
  592,000     588,547
Tricon American Homes Trust
Series 2020-SFR2, Class A
1.482%, 11/17/2039 (A)
  309,267     295,582
Tricon Residential Trust
Series 2024-SFR3, Class A
4.500%, 08/17/2041 (A)
  146,857     144,624
Triton Container Finance IX LLC
Series 2026-1A, Class A
5.260%, 05/20/2051 (A)
  227,569     226,084
Triton Container Finance VIII LLC          
Series 2020-1A, Class A
2.110%, 09/20/2045 (A)
  357,364     335,947
Series 2021-1A, Class A
1.860%, 03/20/2046 (A)
  208,764     192,449
Uniti Fiber Issuer LLC          
Series 2025-1A, Class A2
5.877%, 04/20/2055 (A)
  197,000     199,367
Series 2025-2A, Class A2
5.177%, 01/20/2056 (A)
  150,000     147,728
Vantage Data Centers LLC
Series 2020-2A, Class A2
1.992%, 09/15/2045 (A)
  261,000     250,304
VB-S1 Issuer LLC
Series 2026-1A, Class C2
4.693%, 03/15/2056 (A)
  204,000     199,356
VCP RRL ABS I, Ltd.
Series 2021-1A, Class A
2.152%, 10/20/2031 (A)
  46,828     45,088
Select Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Verizon Master Trust          
Series 2024-5, Class A
5.000%, 06/21/2032 (A)
$ 679,000   $ 687,800
Series 2025-9, Class A1A
3.960%, 10/21/2030
  251,000     249,786
Wendy's Funding LLC
Series 2021-1A, Class A2I
2.370%, 06/15/2051 (A)
  375,802     346,969
Willis Engine Structured Trust V
Series 2020-A, Class A
3.228%, 03/15/2045 (A)
  67,504     65,460
Willis Engine Structured Trust VIII
Series 2025-A, Class A
5.582%, 06/15/2050 (A)
  127,360     127,571
Wingstop Funding LLC          
Series 2020-1A, Class A2
2.841%, 12/05/2050 (A)
  375,285     364,475
Series 2024-1A, Class A2
5.858%, 12/05/2054 (A)
  197,000     198,655
Zaxby's Funding LLC
Series 2021-1A, Class A2
3.238%, 07/30/2051 (A)
  207,645     197,926
Zayo Issuer LLC
Series 2025-1A, Class A2
5.648%, 03/20/2055 (A)
  391,000     392,278
TOTAL ASSET-BACKED SECURITIES (Cost $39,659,528)     $ 39,200,065
SHORT-TERM INVESTMENTS – 1.5%      
Short-term funds – 1.5%          
John Hancock Collateral Trust, 3.6026% (F)(G)   737,896     7,378,510
TOTAL SHORT-TERM INVESTMENTS (Cost $7,378,671)   $ 7,378,510
Total Investments (Select Bond Trust)
(Cost $487,947,604) – 95.1%
  $ 479,057,947
Other assets and liabilities, net – 4.9%       24,657,735
TOTAL NET ASSETS – 100.0%       $ 503,715,682
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) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $107,120,184 or 21.3% of the fund's net assets as of 6-30-26.
(B) All or a portion of this security is on loan as of 6-30-26.
(C) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(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) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) The rate shown is the annualized seven-day yield as of 6-30-26.
(G) Investment is an affiliate of the portfolio, 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 $5,396,173.
 
The accompanying notes are an integral part of the financial statements. 97  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Select Bond Trust (continued)
    
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
Ultra U.S. Treasury Bond Futures 17 Long Sep 2026 $1,917,438 $1,974,656 $57,218
            $57,218
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
See Notes to financial statements regarding investment transactions and other derivatives information.
Short Term Government Income Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
97.6%
     
U.S. Government – 46.7%          
U.S. Treasury Note          
4.000%, 05/31/2028 $ 19,426,000   $ 19,369,088
4.125%, 06/15/2029 to 05/31/2031   96,435,000     96,256,704
          115,625,792
U.S. Government Agency – 50.9%          
Federal Agricultural Mortgage Corp.          
4.300%, 02/24/2028   13,300,000     13,317,272
4.350%, 01/28/2028   8,615,000     8,605,284
Federal Farm Credit Bank          
4.270%, 02/02/2032   2,500,000     2,466,168
4.330%, 03/18/2030   10,000,000     9,887,444
4.470%, 03/05/2030   3,000,000     2,975,603
Federal Home Loan Banks          
3.950%, 11/06/2030   5,000,000     4,943,615
4.050%, 09/23/2030 to 03/03/2031   7,500,000     7,391,660
4.110%, 11/13/2030   5,000,000     4,952,914
4.500%, 06/15/2029   3,000,000     2,997,695
4.650%, 04/14/2031   5,000,000     4,955,213
4.875%, 05/27/2031   3,000,000     2,991,723
5.000%, 05/28/2031 to 06/16/2031   5,500,000     5,484,947
5.000%, 07/07/2031 (A)   2,375,000     2,374,533
Federal Home Loan Mortgage Corp.          
2.500%, 09/01/2034   938,291     885,757
3.000%, 07/01/2030 to 12/01/2032   671,097     653,628
3.500%, 04/01/2032   338,442     329,979
4.085%, 09/18/2030   3,500,000     3,466,171
4.100%, 01/09/2031   4,000,000     3,955,239
4.125%, 12/16/2030 to 01/21/2031   6,000,000     5,923,042
4.200%, 12/11/2030   3,000,000     2,963,244
4.270%, 12/17/2030   3,714,000     3,672,033
4.550%, 03/28/2031   4,500,000     4,495,617
4.850%, 05/27/2031   5,000,000     4,994,347
5.500%, 01/01/2055 to 07/01/2055   2,350,451     2,378,545
6.000%, 10/01/2052 to 04/01/2055   6,555,408     6,744,715
6.035%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.617%), 05/01/2045 (B)   177,419     183,484
7.000%, 04/01/2031 to 07/01/2031   101     106
Federal National Mortgage Association          
2.500%, 10/01/2027 to 09/01/2034   974,944     923,927
3.000%, 03/01/2028 to 09/01/2034   1,753,707     1,709,930
3.500%, 07/01/2031 to 06/01/2034   1,388,529     1,358,193
4.650%, 04/07/2031   3,500,000     3,500,479
5.500%, 08/01/2053 to 08/01/2055   1,165,926     1,179,971
6.000%, 07/01/2053 to 11/01/2053   3,338,788     3,445,188
6.500%, 01/01/2039   136,247     142,403
7.000%, 12/01/2026 to 01/01/2029   169     176
Short Term Government Income Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
8.000%, 09/01/2029 to 09/01/2030 $ 330   $ 342
          126,250,587
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $243,183,747)   $ 241,876,379
MUNICIPAL BONDS – 1.2%          
City of New York, GO
1.990%, 10/01/2026
  1,000,000     994,189
State of California, GO
2.375%, 10/01/2026
  1,000,000     995,674
State of Wisconsin
2.299%, 05/01/2028
  900,000     869,127
TOTAL MUNICIPAL BONDS (Cost $2,879,262)   $ 2,858,990
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.3%      
U.S. Government Agency – 0.3%          
Government National
Mortgage Association
         
Series 2012-114, Class IO,
0.639%, 01/16/2053
  618,235     8,968
Series 2017-109, Class IO,
0.175%, 04/16/2057
  463,438     3,473
Series 2017-124, Class IO,
0.633%, 01/16/2059
  401,268     14,383
Series 2017-140, Class IO,
0.485%, 02/16/2059
  580,663     14,130
Series 2017-20, Class IO,
0.475%, 12/16/2058
  1,296,887     24,354
Series 2017-41, Class IO,
0.489%, 07/16/2058
  508,406     12,593
Series 2017-46, Class IO,
0.651%, 11/16/2057
  927,068     34,032
Series 2017-61, Class IO,
0.687%, 05/16/2059
  457,094     15,374
Series 2017-74, Class IO,
0.334%, 09/16/2058
  1,031,605     14,033
Series 2017-89, Class IO,
0.436%, 07/16/2059
  561,255     13,095
Series 2018-9, Class IO,
0.444%, 01/16/2060
  1,266,880     36,489
Series 2020-118, Class IO,
0.885%, 06/16/2062
  1,268,992     78,488
Series 2020-119, Class IO,
0.607%, 08/16/2062
  709,819     31,637
Series 2020-120, Class IO,
0.760%, 05/16/2062
  1,827,377     104,343
 
The accompanying notes are an integral part of the financial statements. 98  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
Series 2020-137, Class IO,
0.800%, 09/16/2062
$ 1,309,286   $ 78,808
Series 2020-170, Class IO,
0.836%, 11/16/2062
  1,451,529     91,844
Series 2021-40, Class IO,
0.823%, 02/16/2063
  1,728,881     103,390
Series 2022-53, Class IO,
0.703%, 06/16/2064
  1,581,384     68,127
          747,561
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $2,668,372)   $ 747,561
SHORT-TERM INVESTMENTS – 1.2%      
Short-term funds – 1.2%          
John Hancock Collateral Trust, 3.6026% (C)(D)   298,741     2,987,230
TOTAL SHORT-TERM INVESTMENTS (Cost $2,987,286)   $ 2,987,230
Total Investments (Short Term Government Income Trust)
(Cost $251,718,667) – 100.3%
  $ 248,470,160
Other assets and liabilities, net – (0.3%)       (728,551)
TOTAL NET ASSETS – 100.0%       $ 247,741,609
Short Term Government Income Trust (continued)
Security Abbreviations and Legend
GO General Obligation
IBOR Interbank Offered Rate
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
(A) Security purchased or sold on a when-issued or delayed-delivery basis.
(B) Variable rate obligation. The coupon rate shown represents the rate at period end.
(C) The rate shown is the annualized seven-day yield as of 6-30-26.
(D) Investment is an affiliate of the portfolio, the advisor and/or subadvisor.
 
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
2-Year U.S. Treasury Note Futures 16 Long Sep 2026 $3,297,528 $3,298,125 $597
            $597
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
See Notes to financial statements regarding investment transactions and other derivatives information.
Strategic Income Opportunities Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
8.4%
     
U.S. Government – 3.7%          
U.S. Treasury Bond          
2.750%, 11/15/2042 $ 875,000   $ 664,932
3.000%, 02/15/2049 to 08/15/2052   5,555,000     4,040,111
U.S. Treasury Note          
2.750%, 08/15/2032   2,650,000     2,433,756
3.500%, 02/15/2033   2,845,000     2,714,419
4.250%, 08/15/2035   1,265,000     1,248,891
          11,102,109
U.S. Government Agency – 4.7%          
Federal Home Loan Mortgage Corp.          
5.000%, 01/01/2055 to 12/01/2055   2,117,874     2,097,127
5.500%, 02/01/2055   564,255     573,509
Federal National Mortgage Association          
5.000%, 12/01/2054   597,835     594,488
5.500%, 02/01/2054 to 01/01/2055   9,428,698     9,552,821
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association
         
4.000%, 08/20/2052 to 11/20/2052 $ 766,103   $ 721,490
4.500%, 08/20/2052 to 12/20/2052   470,987     456,552
          13,995,987
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $25,180,858)   $ 25,098,096
FOREIGN GOVERNMENT OBLIGATIONS – 16.6%      
Australia – 3.5%          
Airservices Australia          
2.200%, 05/15/2030 AUD 860,000     538,040
5.400%, 11/15/2028   760,000     531,895
Commonwealth of Australia
4.250%, 03/21/2036
  895,000     596,751
New South Wales Treasury Corp.          
4.250%, 02/20/2036   1,555,000     992,145
 
The accompanying notes are an integral part of the financial statements. 99  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
Australia (continued)          
New South Wales
Treasury Corp. (continued)
         
4.750%, 09/20/2035 AUD 1,680,000   $ 1,120,158
4.750%, 02/20/2037   265,000     173,806
5.250%, 02/24/2038   915,000     619,310
Queensland Treasury Corp.          
3.250%, 05/21/2035 (A) EUR 530,000     603,013
3.375%, 03/18/2036 (A)   415,000     473,883
4.500%, 08/22/2035 (A) AUD 435,000     284,397
5.250%, 07/21/2036 (A)   640,000     439,546
5.250%, 08/13/2038 (A)   715,000     481,209
South Australian Government Financing Authority
1.750%, 05/24/2034
  120,000     65,012
Treasury Corp. of Victoria          
2.000%, 11/20/2037   1,690,000     819,881
2.250%, 11/20/2041   775,000     340,401
4.250%, 12/20/2032   1,000,000     665,369
4.750%, 09/15/2036   1,325,000     871,331
5.000%, 11/20/2040   815,000     519,344
5.250%, 09/15/2038   765,000     512,773
          10,648,264
Brazil – 1.2%          
Federative Republic of Brazil          
10.000%, 01/01/2027 BRL 3,675,000     698,687
10.000%, 01/01/2029   15,695,000     2,803,906
          3,502,593
Canada – 1.2%          
CDP Financial, Inc.
4.200%, 12/02/2030
CAD 445,000     326,594
CPPIB Capital, Inc.
2.250%, 12/01/2031 (A)
  500,000     334,913
Government of Canada          
0.500%, 12/01/2030   150,000     95,044
2.750%, 05/01/2027   505,000     356,820
3.500%, 09/01/2029   630,000     452,285
OMERS Finance Trust
3.250%, 01/28/2035 (A)
EUR 250,000     284,491
Province of British Columbia
4.200%, 07/06/2033
$ 415,000     407,152
Province of Ontario
3.450%, 06/02/2045
CAD 930,000     573,187
Province of Quebec
4.500%, 09/08/2033
$ 749,000     747,500
          3,577,986
China – 0.1%          
People's Republic of China
2.690%, 08/12/2026
CNY 1,920,000     283,605
Czech Republic – 0.7%          
Czech Republic          
3.500%, 05/30/2035 CZK 16,830,000     734,658
4.250%, 10/24/2034   14,660,000     679,129
4.500%, 11/11/2032   15,050,000     716,666
          2,130,453
Finland – 0.1%          
Kuntarahoitus OYJ
5.880%, (3 month NIBOR + 1.500%), 01/11/2027 (B)
NOK 2,000,000     203,663
India – 0.6%          
Republic of India          
6.010%, 07/21/2030 INR 30,600,000     318,980
6.100%, 07/12/2031   14,760,000     150,062
6.330%, 05/05/2035   58,850,000     597,766
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)      
India (continued)          
Republic of India (continued)          
6.450%, 10/07/2029 INR 18,150,000   $ 192,081
7.100%, 04/18/2029   49,780,000     536,873
          1,795,762
Indonesia – 0.5%          
Republic of Indonesia          
1.100%, 03/12/2033 EUR 146,000     136,344
4.460%, 03/04/2038   370,000     409,728
6.375%, 04/15/2032 IDR 17,674,000,000     943,503
          1,489,575
Japan – 0.8%          
Government of Japan
0.600%, 12/01/2026
JPY 385,850,000     2,368,957
Malaysia – 0.9%          
Government of Malaysia          
3.237%, 03/15/2029 MYR 2,620,000     641,852
3.336%, 05/15/2030   3,005,000     736,270
3.582%, 07/15/2032   3,055,000     751,086
4.232%, 06/30/2031   2,900,000     737,746
          2,866,954
Mexico – 1.1%          
Government of Mexico          
3.875%, 05/16/2031 EUR 925,000     1,048,264
8.000%, 04/15/2032 MXN 40,400,000     2,235,613
          3,283,877
New Zealand – 2.2%          
Government of New Zealand          
0.250%, 05/15/2028 NZD 1,630,000     874,033
2.000%, 05/15/2032   1,100,000     558,923
3.500%, 04/14/2033   3,675,000     2,009,944
4.250%, 05/15/2034   4,120,000     2,343,927
4.500%, 05/15/2035   870,000     500,782
New Zealand Local Government Funding Agency
4.700%, 08/01/2028
AUD 470,000     324,884
          6,612,493
Norway – 1.2%          
City of Oslo
4.708%, (3 month NIBOR + 0.178%), 02/12/2029 (B)
NOK 6,000,000     606,001
Kingdom of Norway          
1.250%, 09/17/2031 (A)   8,475,000     736,345
2.125%, 05/18/2032 (A)   17,590,000     1,582,397
3.000%, 08/15/2033 (A)   3,505,000     327,881
3.750%, 06/12/2035 (A)   4,325,000     422,137
          3,674,761
Philippines – 1.6%          
Republic of the Philippines          
6.000%, 08/20/2030 PHP 57,250,000     905,427
6.250%, 02/28/2029   30,355,000     491,938
6.375%, 07/27/2030   82,110,000     1,320,553
6.500%, 05/19/2029   77,160,000     1,256,647
6.750%, 09/15/2032   55,630,000     898,984
          4,873,549
United Kingdom – 0.9%          
Government of the United Kingdom          
3.750%, 03/07/2027 GBP 265,000     350,802
4.125%, 07/22/2029   1,025,000     1,355,226
4.250%, 07/31/2034   670,000     865,825
          2,571,853
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $50,933,699)   $ 49,884,345
 
The accompanying notes are an integral part of the financial statements. 100  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS – 43.1%      
Communication services – 4.4%          
Alphabet, Inc.          
3.625%, 05/11/2034 EUR 695,000   $ 802,772
4.625%, 11/13/2032 GBP 862,000     1,125,732
Cellnex Finance Company SA
2.000%, 09/15/2032
EUR 300,000     311,685
Charter Communications Operating LLC          
5.125%, 07/01/2049 $ 1,050,000     810,396
5.750%, 04/01/2048   910,000     765,977
Match Group Holdings II LLC
4.125%, 08/01/2030 (A)
  280,000     263,524
NBN Company, Ltd.          
3.375%, 11/29/2032 EUR 230,000     262,551
4.375%, 03/15/2033   565,000     681,301
5.000%, 08/28/2031 AUD 2,230,000     1,528,656
5.350%, 03/06/2035   980,000     668,102
News Corp.
3.875%, 05/15/2029 (A)
$ 450,000     436,435
Sirius XM Radio LLC          
4.125%, 07/01/2030 (A)   191,000     179,775
5.875%, 04/15/2032 (A)   1,453,000     1,435,990
T-Mobile USA, Inc.
2.700%, 03/15/2032
  285,000     253,296
Verizon Communications, Inc.
6.200%, (6.200% to 5-14-36, then 5 Year CMT + 2.042%), 05/14/2056
  1,015,000     1,026,148
Virgin Media Secured Finance PLC
4.250%, 01/15/2030
GBP 280,000     326,040
Vmed O2 UK Financing I PLC          
4.250%, 01/31/2031 (A) $ 1,420,000     1,167,741
4.500%, 07/15/2031 (A) GBP 490,000     533,247
5.625%, 04/15/2032 (A) EUR 320,000     321,793
6.750%, 01/15/2033 (A) $ 460,000     389,466
          13,290,627
Consumer discretionary – 2.4%          
Carnival Corp., Ltd.
5.750%, 01/15/2030 (A)
EUR 320,000     388,744
Ford Motor Company
3.250%, 02/12/2032
$ 1,422,000     1,253,376
Ford Motor Credit Company LLC          
4.000%, 11/13/2030   255,000     239,638
4.480%, 07/08/2031 EUR 435,000     504,032
5.625%, 10/09/2028 GBP 505,000     674,053
6.184%, 08/29/2031   480,000     649,164
General Motors Financial Company, Inc.          
5.700%, (5.700% to 9-30-30, then 5 Year CMT + 4.997%), 09/30/2030 (C) $ 200,000     199,963
6.500%, (6.500% to 9-30-28, then 3 month LIBOR + 3.436%), 09/30/2028 (C)   169,000     169,501
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (A)
  275,000     251,700
NCL Corp., Ltd.
6.750%, 02/01/2032 (A)
  475,000     473,932
Royal Caribbean Cruises, Ltd.
6.000%, 02/01/2033 (A)
  959,000     972,518
Travel + Leisure Company          
4.500%, 12/01/2029 (A)   370,000     358,001
6.125%, 09/01/2033 (A)   205,000     202,880
Yum! Brands, Inc.          
4.625%, 01/31/2032   480,000     459,310
4.750%, 01/15/2030 (A)   373,000     366,885
          7,163,697
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer staples – 2.4%          
Bimbo Bakeries USA, Inc.
5.375%, 01/09/2036 (A)
$ 695,000   $ 694,356
Darling Ingredients, Inc.
6.000%, 06/15/2030 (A)
  940,000     946,162
JBS NV          
3.625%, 01/15/2032   310,000     287,083
5.750%, 04/01/2033   124,000     127,307
Kraft Heinz Foods Company          
3.250%, 03/15/2033 EUR 760,000     844,099
4.375%, 06/01/2046 $ 230,000     183,992
6.875%, 01/26/2039   335,000     367,134
7.125%, 08/01/2039 (A)   350,000     388,914
MARB BondCo PLC
3.950%, 01/29/2031 (A)
  545,000     477,587
Mars, Inc.
5.200%, 03/01/2035 (A)
  405,000     406,610
Performance Food Group, Inc.
5.625%, 03/01/2034 (A)
  590,000     579,083
Post Holdings, Inc.          
4.500%, 09/15/2031 (A)   255,000     239,219
6.250%, 10/15/2034 (A)   328,000     322,278
6.375%, 03/01/2033 (A)   935,000     927,866
6.500%, 03/15/2036 (A)   435,000     430,060
          7,221,750
Energy – 6.7%          
Aker BP ASA
5.125%, 10/01/2034 (A)
  420,000     411,282
Cenovus Energy, Inc.          
5.400%, 06/15/2047   557,000     514,842
6.750%, 11/15/2039   1,716,000     1,888,250
Columbia Pipelines Operating Company LLC
6.036%, 11/15/2033 (A)
  380,000     398,951
Continental Resources, Inc.          
2.875%, 04/01/2032 (A)   632,000     556,079
4.900%, 06/01/2044   1,050,000     860,539
5.750%, 01/15/2031 (A)   321,000     326,854
Enbridge, Inc.          
7.200%, (7.200% to 6-27-34, then 5 Year CMT + 2.970%), 06/27/2054   730,000     775,854
8.500%, (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%), 01/15/2084   830,000     948,854
Energy Transfer LP          
7.125%, (7.125% to 5-15-30, then 5 Year CMT + 5.306%), 05/15/2030 (C)   585,000     603,612
8.000%, (8.000% to 5-15-29, then 5 Year CMT + 4.020%), 05/15/2054   855,000     907,630
EQT Corp.          
3.625%, 05/15/2031 (A)   1,065,000     996,651
5.750%, 02/01/2034   245,000     250,507
Occidental Petroleum Corp.          
6.200%, 03/15/2040   840,000     871,597
6.450%, 09/15/2036   305,000     327,188
7.500%, 05/01/2031   265,000     293,249
Ovintiv, Inc.          
6.500%, 08/15/2034   855,000     913,317
6.500%, 02/01/2038   620,000     652,941
Phillips 66 Company
6.200%, (6.200% to 3-15-36, then 5 Year CMT + 2.166%), 03/15/2056
  500,000     502,186
QatarEnergy
3.300%, 07/12/2051 (A)
  315,000     215,089
 
The accompanying notes are an integral part of the financial statements. 101  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
SM Energy Company
8.750%, 07/01/2031 (A)
$ 865,000   $ 903,523
South Bow Canadian Infrastructure Holdings, Ltd.
7.500%, (7.500% to 3-1-35, then 5 Year CMT + 3.667%), 03/01/2055
  445,000     475,568
Sunoco LP
7.875%, (7.875% to 9-18-30, then 5 Year CMT + 4.230%), 09/18/2030 (A)(C)
  840,000     873,547
The Williams Companies, Inc.
5.300%, 09/30/2035
  618,000     616,525
TransCanada PipeLines, Ltd.          
6.200%, 10/15/2037   443,000     470,385
7.000%, (7.000% to 6-1-30, then 5 Year CMT + 2.614%), 06/01/2065   900,000     931,517
7.250%, 08/15/2038   150,000     171,548
Transcanada Trust
5.600%, (5.600% to 3-7-32, then 5 Year CMT + 3.986% to 3-7-52, then 5 Year CMT + 4.736%), 03/07/2082
  740,000     731,955
Var Energi ASA
6.500%, 05/22/2035 (A)
  685,000     726,387
Venture Global LNG, Inc.
9.000%, (9.000% to 9-30-29, then 5 Year CMT + 5.440%), 09/30/2029 (A)(C)
  930,000     907,973
          20,024,400
Financials – 13.8%          
American International Group, Inc.
8.175%, (8.175% to 5-15-38, then 3 month LIBOR + 4.195%), 05/15/2058
  1,200,000     1,309,588
Asian Infrastructure Investment Bank
7.000%, 03/01/2029
INR 61,900,000     645,473
Banco Bilbao Vizcaya Argentaria SA
7.125%, (7.125% to 5-8-33, then 5 Year CMT + 2.985%), 05/08/2033 (C)
$ 965,000     977,351
Banco Santander SA
7.250%, (7.250% to 6-3-36, then 5 Year CMT + 2.837%), 12/03/2035 (C)
  2,255,000     2,292,128
Bank of America Corp.
6.625%, (6.625% to 5-1-30, then 5 Year CMT + 2.684%), 05/01/2030 (C)
  1,100,000     1,134,077
Bank of Montreal          
6.875%, (6.875% to 11-26-30, then 5 Year CMT + 2.976%), 11/26/2085   510,000     518,587
7.300%, (7.300% to 11-26-34, then 5 Year CMT + 3.010%), 11/26/2084   1,610,000     1,683,893
7.325%, (7.325% to 11-26-27, then 5 Year Canada Government Bond Yield + 4.098%), 11/26/2082 CAD 1,180,000     867,538
Barclays PLC
7.625%, (7.625% to 9-15-35, then 5 Year SOFR ICE Swap Rate + 3.686%), 03/15/2035 (C)
$ 508,000     530,997
Berkshire Hathaway Finance Corp.
2.375%, 06/19/2039
GBP 465,000     432,059
BNP Paribas SA          
6.875%, (6.875% to 12-15-33, then 5 Year CMT + 2.853%), 12/15/2033 (A)(C) $ 435,000     434,758
7.200%, (7.200% to 4-17-36, then 5 Year CMT + 2.942%), 04/17/2036 (A)(C)   435,000     437,727
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
BNP Paribas SA (continued)          
7.375%, (7.375% to 9-10-34, then 5 Year CMT + 3.535%), 09/10/2034 (A)(C) $ 660,000   $ 687,597
Canadian Imperial Bank of Commerce          
6.500%, (6.500% to 7-28-31, then 5 Year CMT + 2.727%), 07/28/2086   810,000     811,823
7.000%, (7.000% to 10-28-30, then 5 Year CMT + 3.000%), 10/28/2085   600,000     615,155
ConnectOne Bancorp, Inc.
8.125%, (8.125% to 6-1-30, then 3 month CME Term SOFR + 4.415%), 06/01/2035
  370,000     388,500
European Bank for Reconstruction & Development
6.300%, 10/26/2027
INR 13,400,000     139,121
First Citizens BancShares, Inc.          
6.254%, (6.254% to 3-12-35, then 5 Year CMT + 1.970%), 03/12/2040 $ 920,000     906,552
7.000%, (7.000% to 12-15-30, then 5 Year CMT + 3.301%), 12/15/2030 (C)   1,675,000     1,692,165
First Financial Bancorp
6.375%, (6.375% to 12-1-30, then 3 month CME Term SOFR + 3.000%), 12/01/2035
  355,000     356,599
First Interstate BancSystem, Inc.
7.625%, (7.625% to 6-15-30, then 3 month CME Term SOFR + 3.980%), 06/15/2035
  245,000     255,903
Five Star Bancorp
6.000%, (6.000% to 9-1-27, then Overnight SOFR + 3.290%), 09/01/2032 (A)
  160,000     154,141
Flagstar Bank NA
6.695%, (3 month CME Term SOFR + 3.042%), 11/06/2028 (B)(D)
  240,000     232,377
HSBC Holdings PLC          
5.197%, (Overnight SOFR + 1.570%), 05/13/2031 (B)   940,000     960,481
6.950%, (6.950% to 2-27-32, then 5 Year CMT + 2.635%), 08/27/2031 (C)   200,000     203,536
7.000%, (7.000% to 3-24-36, then 5 Year CMT + 2.798%), 09/24/2035 (C)   630,000     646,188
7.050%, (7.050% to 12-5-30, then 5 Year CMT + 2.987%), 06/05/2030 (C)   200,000     205,299
Huntington Bancshares, Inc.
6.250%, (6.250% to 10-15-30, then 5 Year CMT + 2.653%), 10/15/2030 (C)
  1,376,000     1,390,035
ING Groep NV
7.000%, (7.000% to 11-16-32, then 5 Year SOFR ICE Swap Rate + 3.594%), 11/16/2032 (C)
  765,000     787,177
Inter-American Development Bank
7.350%, 10/06/2030
INR 57,000,000     600,483
International Bank for Reconstruction &
Development
         
6.500%, 04/17/2030   56,600,000     578,670
6.850%, 04/24/2028   36,500,000     380,862
International Development Association
1.750%, 02/17/2027
NOK 1,110,000     110,066
 
The accompanying notes are an integral part of the financial statements. 102  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Lloyds Banking Group PLC
6.625%, (6.625% to 9-27-35, then 5 Year CMT + 2.681%), 09/27/2035 (C)
$ 745,000   $ 742,085
MSCI, Inc.          
3.625%, 09/01/2030 (A)   485,000     458,804
3.625%, 11/01/2031 (A)   344,000     319,133
5.150%, 03/15/2036   510,000     493,671
Nordic Investment Bank
4.000%, 11/04/2026
NOK 2,000,000     201,471
Pinnacle Bank
5.957%, (5.957% to 1-15-31, then 5 Year CMT + 2.300%), 01/15/2036
$ 760,000     754,343
Popular, Inc.
7.250%, 03/13/2028
  415,000     427,546
Provident Financial Services, Inc.
9.000%, (9.000% to 5-15-29, then 3 month CME Term SOFR + 4.765%), 05/15/2034
  340,000     362,184
Royal Bank of Canada          
4.200%, (4.200% to 2-24-27, then 5 Year Canada Government Bond Yield + 2.710%), 02/24/2027 (C) CAD 1,835,000     1,280,884
6.350%, (6.350% to 11-24-34, then 5 Year CMT + 2.257%), 11/24/2084 $ 765,000     738,581
6.500%, (6.500% to 5-24-33, then 5 Year CMT + 2.450%), 05/24/2086   1,210,000     1,203,577
6.750%, (6.750% to 8-24-30, then 5 Year CMT + 2.815%), 08/24/2085   290,000     294,979
7.500%, (7.500% to 5-2-29, then 5 Year CMT + 2.887%), 05/02/2084   200,000     208,675
Simmons First National Corp.
6.250%, (6.250% to 10-1-30, then 3 month CME Term SOFR + 3.020%), 10/01/2035
  460,000     463,252
Societe Generale SA          
7.125%, (7.125% to 1-15-36, then 5 Year CMT + 2.946%), 07/15/2035 (A)(C)   435,000     432,187
8.125%, (8.125% to 5-21-30, then 5 Year CMT + 3.790%), 11/21/2029 (A)(C)   865,000     908,615
South State Bank NA
8.375%, (8.375% to 11-15-29, then 3 month CME Term SOFR + 4.605%), 08/15/2034
  400,000     424,000
Southside Bancshares, Inc.
7.000%, (7.000% to 8-15-30, then 3 month CME Term SOFR + 3.570%), 08/15/2035
  530,000     539,139
Standard Chartered PLC
7.000%, (7.000% to 5-14-36, then 5 Year CMT + 2.873%), 11/14/2035 (A)(C)
  750,000     757,634
The Bank of Nova Scotia          
6.875%, (6.875% to 10-27-35, then 5 Year CMT + 2.734%), 10/27/2085   1,115,000     1,128,198
8.625%, (8.625% to 10-27-27, then 5 Year CMT + 4.389%), 10/27/2082   705,000     733,428
The Charles Schwab Corp.
6.100%, (6.100% to 6-1-31, then 5 Year CMT + 2.250%), 06/01/2031 (C)
  500,000     500,110
The PNC Financial Services Group, Inc.
3.400%, (3.400% to 9-15-26, then 5 Year CMT + 2.595%), 09/15/2026 (C)
  430,000     428,329
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
The Toronto-Dominion Bank
8.125%, (8.125% to 10-31-27, then 5 Year CMT + 4.075%), 10/31/2082
$ 780,000   $ 806,381
U.S. Bancorp
3.700%, (3.700% to 1-15-27, then 5 Year CMT + 2.541%), 01/15/2027 (C)
  297,000     294,154
UBS Group AG          
7.000%, (7.000% to 7-8-36, then 5 Year SOFR ICE Swap Rate + 3.321%), 01/08/2036 (A)(C)   1,985,000     2,006,811
7.125%, (7.125% to 2-10-35, then 5 Year SOFR ICE Swap Rate + 3.179%), 08/10/2034 (A)(C)   825,000     832,502
Wells Fargo & Company
3.900%, (3.900% to 7-22-31, then 3 month EURIBOR + 1.220%), 07/22/2032
EUR 400,000     465,788
          41,573,367
Health care – 1.9%          
Allergan Funding SCS
2.625%, 11/15/2028
  300,000     331,654
Centene Corp.          
2.500%, 03/01/2031 $ 850,000     742,612
3.000%, 10/15/2030   1,145,000     1,036,278
3.375%, 02/15/2030   970,000     904,025
4.625%, 12/15/2029   145,000     140,657
HCA, Inc.
5.600%, 04/01/2034
  995,000     1,015,981
Rede D'Or Finance Sarl          
4.500%, 01/22/2030 (A)   207,000     196,026
4.950%, 01/17/2028 (A)   200,000     197,359
Teva Pharmaceutical Finance Netherlands II BV
4.375%, 05/09/2030
EUR 720,000     836,882
Teva Pharmaceutical Finance Netherlands III BV
4.100%, 10/01/2046
$ 337,000     260,122
          5,661,596
Industrials – 3.0%          
AECOM
6.000%, 08/01/2033 (A)
  800,000     801,143
AerCap Ireland Capital DAC          
6.500%, (6.500% to 1-31-31, then 5 Year CMT + 2.441%), 01/31/2056   570,000     577,353
6.950%, (6.950% to 3-10-30, then 5 Year CMT + 2.720%), 03/10/2055   710,000     734,986
American Airlines, Inc.
5.750%, 04/20/2029 (A)
  520,000     521,010
CACI International, Inc.
6.375%, 06/15/2033 (A)
  440,000     446,257
DAE Funding LLC
3.375%, 03/20/2028 (A)
  200,000     193,496
QXO Building Products, Inc.
6.500%, 07/15/2031 (A)
  390,000     397,477
Stanley Black & Decker, Inc.
6.707%, (6.707% to 3-15-30, then 5 Year CMT + 2.657%), 03/15/2060
  1,695,000     1,687,476
The Boeing Company
5.805%, 05/01/2050
  510,000     503,863
TransDigm, Inc.          
6.250%, 01/31/2034 (A)   160,000     163,263
6.750%, 01/31/2034 (A)   355,000     364,127
7.125%, 12/01/2031 (A)   1,274,000     1,319,177
Uber Technologies, Inc.
4.800%, 09/15/2034
  280,000     274,743
 
The accompanying notes are an integral part of the financial statements. 103  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
United Airlines, Inc.
4.625%, 04/15/2029 (A)
$ 225,000   $ 221,881
United Rentals North America, Inc.          
3.875%, 02/15/2031   640,000     604,703
4.000%, 07/15/2030   400,000     382,373
          9,193,328
Information technology – 1.1%          
Cloud Software Group, Inc.
6.625%, 08/15/2033 (A)
  1,133,000     982,302
CoreWeave, Inc.
9.250%, 06/01/2030 (A)
  1,095,000     1,102,113
Dell International LLC
8.350%, 07/15/2046
  586,000     740,687
Gartner, Inc.
3.750%, 10/01/2030 (A)
  425,000     387,998
          3,213,100
Materials – 2.3%          
Cleveland-Cliffs, Inc.          
6.750%, 04/15/2030 (A)   1,385,000     1,385,492
7.375%, 05/01/2033 (A)   1,320,000     1,319,339
7.625%, 01/15/2034 (A)   665,000     664,083
Corp. Nacional del Cobre de Chile          
4.875%, 11/04/2044 (A)   345,000     300,034
6.440%, 01/26/2036 (A)   332,000     352,440
Freeport-McMoRan, Inc.
5.450%, 03/15/2043
  2,035,000     1,967,633
Quikrete Holdings, Inc.          
6.375%, 03/01/2032 (A)   340,000     347,200
6.750%, 03/01/2033 (A)   205,000     208,972
Sword Purchaser LLC
8.250%, 04/15/2033 (A)
  250,000     258,693
          6,803,886
Real estate – 0.8%          
American Tower Corp.
3.625%, 05/30/2032
EUR 255,000     293,346
Boston Properties LP
5.750%, 01/15/2035
$ 131,000     132,248
SBA Tower Trust
6.599%, 01/15/2028 (A)
  525,000     530,251
VICI Properties LP          
4.125%, 08/15/2030 (A)   720,000     691,024
5.625%, 04/01/2035   735,000     735,311
          2,382,180
Utilities – 4.3%          
American Electric Power Company, Inc.
6.950%, (6.950% to 12-15-34, then 5 Year CMT + 2.675%), 12/15/2054
  1,075,000     1,148,097
CMS Energy Corp.
6.500%, (6.500% to 6-1-35, then 5 Year CMT + 1.961%), 06/01/2055
  440,000     450,637
Dominion Energy, Inc.          
6.250%, (6.250% to 12-15-36, then 5 Year CMT + 1.702%), 12/15/2056   360,000     361,524
6.625%, (6.625% to 5-15-35, then 5 Year CMT + 2.207%), 05/15/2055   730,000     752,877
7.000%, (7.000% to 6-1-34, then 5 Year CMT + 2.511%), 06/01/2054   615,000     651,158
Duke Energy Corp.
6.450%, (6.450% to 9-1-34, then 5 Year CMT + 2.588%), 09/01/2054
  200,000     207,681
Emera US Finance LLC
6.850%, (6.850% to 10-1-36, then 5 Year CMT + 2.648%), 10/01/2056
  957,000     976,191
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
EUSHI Finance, Inc.          
6.250%, (6.250% to 4-1-31, then 5 Year CMT + 2.509%), 04/01/2056 $ 970,000   $ 964,956
7.625%, (7.625% to 12-15-29, then 5 Year CMT + 3.136%), 12/15/2054   250,000     259,671
Eversource Energy
6.350%, (6.350% to 8-15-36, then 5 Year CMT + 2.325%), 08/15/2056
  865,000     865,687
Exelon Corp.
6.500%, (6.500% to 3-15-35, then 5 Year CMT + 1.975%), 03/15/2055
  930,000     954,545
NextEra Energy Capital Holdings, Inc.
6.500%, (6.500% to 8-15-35, then 5 Year CMT + 1.979%), 08/15/2055
  310,000     318,195
NRG Energy, Inc.
6.000%, 01/15/2036 (A)
  740,000     737,687
Sempra
6.550%, (6.550% to 4-1-35, then 5 Year CMT + 2.138%), 04/01/2055
  530,000     534,300
Spire, Inc.
6.450%, (6.450% to 6-1-36, then 5 Year CMT + 2.327%), 06/01/2056
  305,000     307,037
The AES Corp.
7.600%, (7.600% to 1-15-30, then 5 Year CMT + 3.201%), 01/15/2055
  2,740,000     2,805,423
The Southern Company
6.375%, (6.375% to 3-15-35, then 5 Year CMT + 2.069%), 03/15/2055
  685,000     702,981
          12,998,647
TOTAL CORPORATE BONDS (Cost $129,693,942)     $ 129,526,578
CONVERTIBLE BONDS – 1.7%      
Consumer discretionary – 0.2%          
Burlington Stores, Inc.
1.250%, 12/15/2027
  400,000     636,600
Utilities – 1.5%          
CenterPoint Energy, Inc.
3.000%, 08/01/2028 (A)
  1,205,000     1,280,313
CMS Energy Corp.
3.125%, 05/01/2031 (A)
  495,000     503,910
Duke Energy Corp.
3.000%, 03/15/2029 (A)
  570,000     567,150
Exelon Corp.
3.250%, 03/15/2029 (A)
  525,000     532,455
FirstEnergy Corp.
3.875%, 01/15/2031
  610,000     677,222
The Southern Company
3.250%, 06/15/2028
  340,000     343,592
TXNM Energy, Inc.
5.750%, 06/01/2054
  435,000     566,805
          4,471,447
TOTAL CONVERTIBLE BONDS (Cost $4,654,403)     $ 5,108,047
TERM LOANS (E) – 12.1%      
Communication services – 1.1%          
Delta 2 Lux Sarl, 2024 Term Loan B1 (3 month CME Term SOFR + 1.750%) 5.482%, 09/30/2031   566,000     565,411
Discovery Global Holdings, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 06/03/2033   966,058     965,971
 
The accompanying notes are an integral part of the financial statements. 104  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
TERM LOANS (E) (continued)      
Communication services (continued)          
Oak-Eagle Acquireco, Inc., USD Term Loan B 03/24/2033 TBD (F) $ 1,040,000   $ 1,042,236
TKO Worldwide Holdings LLC, 2026 Term Loan B (3 month CME Term SOFR + 1.750%) 5.412%, 11/21/2031   846,572     843,397
          3,417,015
Consumer discretionary – 2.3%          
Aramark Services, Inc., 2025 Repriced Term Loan (1 month CME Term SOFR + 1.750%) 5.394%, 04/06/2028   129,000     129,268
Aramark Services, Inc., 2025 Term Loan (1 month CME Term SOFR + 1.750%) 5.394%, 06/22/2030   457,643     457,414
Clarios Global LP, 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.144%, 01/28/2032   1,299,800     1,299,800
Great Outdoors Group LLC, 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 6.894%, 01/23/2032   1,826,442     1,831,008
Hilton Domestic Operating Company, Inc., 2023 Term Loan B4 (1 month CME Term SOFR + 1.750%) 5.398%, 11/08/2030   540,000     540,767
KFC Holding Company, 2021 Term Loan B (1 month CME Term SOFR + 1.750%) 5.502%, 03/15/2028   399,055     399,554
New Red Finance, Inc., 2024 Term Loan B6 (1 month CME Term SOFR + 1.750%) 5.394%, 09/20/2030   1,079,337     1,077,092
Travel + Leisure Company, 2025 Repriced Term Loan (1 month CME Term SOFR + 2.000%) 5.644%, 12/14/2029   1,009,956     1,007,997
          6,742,900
Consumer staples – 0.4%          
Chobani LLC, 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 10/28/2032   489,348     490,048
Prestige Brands, Inc., 2026 Term Loan B 06/13/2033 TBD (F)   561,333     561,333
          1,051,381
Energy – 0.3%          
Hilcorp Energy I LP, Term Loan B (1 month CME Term SOFR + 1.750%) 5.389%, 02/11/2030   874,476     873,934
Financials – 0.1%          
Superannuation & Investments US LLC, 2026 Term Loan (1 month CME Term SOFR + 2.500%) 6.144%, 12/01/2028   276,179     275,431
Health care – 1.3%          
Hopper Merger Sub, Inc., 2026 USD Term Loan B (3 month CME Term SOFR + 2.250%) 5.995%, 04/07/2033   1,185,000     1,158,586
Medline Borrower LP, 2026 Term Loan B (1 month CME Term SOFR + 1.500%) 5.144%, 05/30/2033   1,411,266     1,401,839
Opal US LLC, 2026 USD Term Loan B (3 month CME Term SOFR + 2.500%) 6.232%, 04/28/2032   1,275,379     1,273,670
          3,834,095
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
TERM LOANS (E) (continued)      
Industrials – 3.9%          
AAdvantage Loyalty IP, Ltd., 2025 Term Loan (3 month CME Term SOFR + 2.250%) 5.925%, 04/20/2028 $ 545,236   $ 544,298
AAdvantage Loyalty IP, Ltd., 2025 Term Loan B (3 month CME Term SOFR + 2.750%) 6.425%, 05/28/2032   674,095     674,095
Advanced Drainage Systems, Inc., 2026 Term Loan B (1 month CME Term SOFR + 1.625%) 5.245%, 02/28/2033   120,000     120,950
AECOM, 2026 Term Loan B (1 month CME Term SOFR + 1.500%) 5.144%, 04/18/2031   527,636     529,699
American Airlines, Inc., 2026 1st Lien Term Loan B (3 month CME Term SOFR + 3.000%) 6.666%, 05/29/2033   860,000     848,536
AS Mileage Plan IP, Ltd., 2025 Repriced Term Loan B (3 month CME Term SOFR + 1.750%) 5.425%, 10/15/2031   397,292     395,679
AS Mileage Plan IP, Ltd., 2026 Term Loan B (3 month CME Term SOFR + 2.000%) 5.651%, 05/12/2033   375,000     373,361
CACI International, Inc., Term Loan B (1 month CME Term SOFR + 1.750%) 5.394%, 10/30/2031   818,369     816,838
Clean Harbors, Inc., 2025 Term Loan (1 month CME Term SOFR + 1.500%) 5.144%, 10/08/2032   502,475     503,731
Dynasty Acquisition Company, Inc., 2024 1st Lien Term Loan B1 (1 month CME Term SOFR + 2.000%) 5.644%, 10/31/2031   231,658     232,115
Dynasty Acquisition Company, Inc., 2024 1st Lien Term Loan B2 (1 month CME Term SOFR + 2.000%) 5.644%, 10/31/2031   88,115     88,289
GB AIT Buyer, Inc., 2026 Term Loan B (3 month CME Term SOFR + 4.250%) 7.913%, 04/29/2033   1,038,000     1,037,751
GFL ES US LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.500%) 6.156%, 03/03/2032   179,548     179,458
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 7.644%, 05/21/2032   746,250     748,272
JetBlue Airways Corp., 2024 Term Loan B (3 month CME Term SOFR + 4.750%) 8.427%, 08/27/2029   877,985     779,212
LSF12 Helix Parent LLC, USD Term Loan B (1 month CME Term SOFR + 3.500%) 3.644%, 02/10/2033   1,360,444     1,333,725
QXO Building Products, Inc., 2026 Term Loan B 04/30/2032 TBD (F)   989,000     986,251
TransDigm, Inc., 2023 Term Loan J (1 month CME Term SOFR + 2.500%) 6.144%, 02/28/2031   229,002     229,029
TransDigm, Inc., 2024 Term Loan L (1 month CME Term SOFR + 2.500%) 6.144%, 01/19/2032   141,165     141,172
TransDigm, Inc., 2025 Term Loan K (1 month CME Term SOFR + 2.250%) 5.894%, 03/22/2030   82,647     82,652
United Airlines, Inc., 2024 1st Lien Term Loan B 02/22/2031 TBD (F)   0     0
 
The accompanying notes are an integral part of the financial statements. 105  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
TERM LOANS (E) (continued)      
Industrials (continued)          
United Airlines, Inc., 2026 Term Loan B (1 month CME Term SOFR + 1.750%) 5.403%, 02/22/2031 $ 613,157   $ 611,047
United Rentals North America, Inc., 2025 Repriced Term Loan B (1 month CME Term SOFR + 1.500%) 5.144%, 02/14/2031   299,961     302,210
          11,558,370
Information technology – 0.7%          
Belden, Inc., Term Loan 06/10/2033 TBD (F)   595,000     595,000
Cloud Software Group, Inc., 2025 Term Loan B (2031) (3 month CME Term SOFR + 3.250%) 6.982%, 03/21/2031   1,130,601     987,862
Kaseya, Inc., 2025 1st Lien Term Loan B (3 month CME Term SOFR + 3.250%) 6.913%, 03/22/2032   831,016     639,417
          2,222,279
Materials – 1.6%          
Bond UK Midco 3, Ltd., Term Loan B 05/06/2033 TBD (F)   750,000     752,063
Clydesdale Acquisition Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.250%) 6.894%, 04/01/2032   899,893     863,709
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.894%, 02/10/2032   1,675,491     1,673,397
SP Motion Holdco, Ltd., Term Loan B 06/24/2033 TBD (F)   955,000     953,806
Sword Purchaser LLC, USD Term Loan B (1 month CME Term SOFR + 4.000%) 7.644%, 04/11/2033   685,000     667,128
          4,910,103
Utilities – 0.4%          
NRG Energy, Inc., 2024 Term Loan (3 month CME Term SOFR + 1.750%) 5.419%, 04/16/2031   1,316,827     1,314,812
TOTAL TERM LOANS (Cost $36,675,890)   $ 36,200,320
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.2%      
Commercial and residential – 3.6%          
A&D Mortgage Trust          
Series 2026-NQM2, Class A3 (5.165% to 2-1-30, then 6.165% thereafter),
5.165%, 03/25/2071 (A)
  451,807     445,093
Series 2026-NQM3, Class A1,
5.080%, 04/25/2071 (A)(G)
  985,073     976,317
Angel Oak Mortgage Trust LLC
Series 2026-1, Class A1
4.747%, 02/25/2071 (A)(G)
  577,054     568,904
Arroyo Mortgage Trust
Series 2019-1, Class A1
3.805%, 01/25/2049 (A)(G)
  100,391     97,743
BOCA Commercial Mortgage Trust
Series 2025-BOCA, Class A (1 month CME Term SOFR + 1.600%)
5.225%, 12/15/2042 (A)(B)
  275,000     275,516
BOS Trust
Series 2026-LYRK, Class D
6.394%, 05/11/2041 (A)(G)
  120,000     117,898
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
BX Commercial Mortgage Trust
Series 2024-XL5, Class A (1 month CME Term SOFR + 1.392%)
5.017%, 03/15/2041 (A)(B)
$ 419,532   $ 420,056
BX Trust          
Series 2025-VOLT, Class D (1 month CME Term SOFR + 2.750%),
6.375%, 12/15/2044 (A)(B)
  235,000     234,560
Series 2026-CIP, Class C (1 month CME Term SOFR + 1.650%),
5.275%, 05/15/2038 (A)(B)
  195,000     195,609
Series 2026-ORBT, Class D (1 month CME Term SOFR + 2.100%),
5.776%, 07/15/2043 (A)(B)
  335,000     335,000
Citigroup Commercial Mortgage Trust
Series 2023-SMRT, Class A
6.015%, 06/12/2040 (A)(G)
  260,000     263,766
Cross Mortgage Trust          
Series 2026-NQM1, Class A1,
4.699%, 02/25/2061 (A)(G)
  474,960     468,035
Series 2026-NQM4, Class A1,
5.485%, 04/25/2071 (A)(G)
  398,486     398,277
FirstMac Mortgage Funding Trust          
Series 2024-4, Class A1 (1 month BBSW + 1.080%),
5.388%, 02/18/2056 (B)
AUD 468,050     324,450
Series 2025-3, Class A1-A (1 month BBSW + 0.950%),
5.250%, 10/13/2057 (B)
  387,875     268,089
HarborView Mortgage Loan Trust          
Series 2007-3, Class ES IO,
0.350%, 05/19/2037 (A)
$ 2,484,241     39,939
Series 2007-4, Class ES IO,
0.350%, 07/19/2037
  2,473,257     37,258
Series 2007-6, Class ES IO,
0.343%, 08/19/2037 (A)
  2,695,905     46,123
InTown Mortgage Trust          
Series 2025-STAY, Class B (1 month CME Term SOFR + 1.750%),
5.375%, 03/15/2042 (A)(B)
  340,000     340,000
Series 2025-STAY, Class C (1 month CME Term SOFR + 2.250%),
5.875%, 03/15/2042 (A)(B)
  285,000     285,000
JW Commercial Mortgage Trust
Series 2026-MRCO, Class D (1 month CME Term SOFR + 2.450%)
6.075%, 06/15/2039 (A)(B)
  190,000     191,069
Life Mortgage Trust
Series 2022-BMR2, Class B (1 month CME Term SOFR + 1.794%)
5.419%, 05/15/2039 (A)(B)
  490,000     428,750
Morgan Stanley Residential Mortgage Loan Trust
Series 2026-NQM2, Class A1
4.734%, 01/26/2071 (A)(G)
  440,772     434,198
Mortgage House RMBS Prime
Series 2024-2, Class A1L (1 month BBSW + 1.100%)
5.400%, 05/13/2057 (B)
AUD 307,815     213,476
New Residential Mortgage Loan Trust          
Series 2026-NQM4, Class A2 (5.206% to 3-1-30, then 6.206% thereafter),
5.206%, 02/25/2066 (A)
$ 96,955     95,941
 
The accompanying notes are an integral part of the financial statements. 106  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
Commercial and
residential (continued)
         
New Residential Mortgage
Loan Trust (continued)
         
Series 2026-NQM5, Class M1,
5.915%, 04/25/2066 (A)(G)
$ 245,000   $ 242,821
NYC Commercial Mortgage Trust
Series 2025-3BP, Class A (1 month CME Term SOFR + 1.213%)
4.838%, 02/15/2042 (A)(B)
  720,000     719,775
Progress Residential Trust
Series 2026-SFR1, Class D
4.000%, 02/17/2043 (A)
  380,000     351,248
ROCK Trust
Series 2024-CNTR, Class D
7.109%, 11/13/2041 (A)
  605,000     626,717
SCOTT Trust
Series 2023-SFS, Class AS
6.204%, 03/10/2040 (A)
  165,000     166,654
SLG Office Trust
Series 2026-OMA, Class E
7.188%, 04/15/2041 (A)(G)
  540,000     539,892
Verus Securitization Trust
Series 2024-1, Class A1 (5.712% to 1-1-28, then 6.712% thereafter)
5.712%, 01/25/2069 (A)
  85,167     85,173
Westpac Securitisation Trust
Series 2026-1, Class A (1 month BBSW + 0.830%)
5.130%, 09/19/2057 (B)
AUD 822,232     568,134
          10,801,481
U.S. Government Agency – 1.6%          
Federal Home Loan Mortgage Corp.          
Series 2022-DNA4, Class M1A (30 day Average SOFR + 2.200%),
5.828%, 05/25/2042 (A)(B)
$ 109,475     110,022
Series 2022-DNA6, Class M1A (30 day Average SOFR + 2.150%),
5.778%, 09/25/2042 (A)(B)
  65,339     65,462
Series 2025-DNA4, Class M2 (30 day Average SOFR + 1.550%),
5.178%, 10/25/2045 (A)(B)
  275,000     275,611
Series 2025-HQA1, Class M2 (30 day Average SOFR + 1.650%),
5.278%, 02/25/2045 (A)(B)
  420,000     421,520
Series 2025-MN12, Class B1 (30 day Average SOFR + 4.500%),
8.128%, 11/25/2045 (A)(B)
  695,000     703,023
Series 2026-MN13, Class M2 (30 day Average SOFR + 2.950%),
6.578%, 03/25/2046 (A)(B)
  335,000     338,154
Federal National Mortgage Association          
Series 2021-R02, Class 2B2 (30 day Average SOFR + 6.200%),
9.828%, 11/25/2041 (A)(B)
  285,000     290,255
Series 2022-R05, Class 2M2 (30 day Average SOFR + 3.000%),
6.628%, 04/25/2042 (A)(B)
  944,721     955,751
Series 2022-R09, Class 2M1 (30 day Average SOFR + 2.500%),
6.128%, 09/25/2042 (A)(B)
  266,067     268,004
Series 2023-R03, Class 2M2 (30 day Average SOFR + 3.900%),
7.528%, 04/25/2043 (A)(B)
  195,000     203,481
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National
Mortgage Association (continued)
         
Series 2023-R06, Class 1M2 (30 day Average SOFR + 2.700%),
6.328%, 07/25/2043 (A)(B)
$ 515,000   $ 526,543
Series 2025-R02, Class 1M2 (30 day Average SOFR + 1.600%),
5.228%, 02/25/2045 (A)(B)
  445,000     446,531
Series 2025-R06, Class 1B1 (30 day Average SOFR + 1.850%),
5.478%, 09/25/2045 (A)(B)
  335,000     337,163
          4,941,520
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $15,625,388)   $ 15,743,001
ASSET-BACKED SECURITIES – 2.9%      
AutoNation Finance Trust          
Series 2025-1A, Class C
5.190%, 12/10/2030 (A)
  65,000     65,364
Series 2025-1A, Class D
5.630%, 09/10/2032 (A)
  170,000     170,944
Series 2026-1A, Class D
5.070%, 01/11/2034 (A)
  290,000     286,784
Canon Music Issuer Trust
Series 2026-1A, Class A
5.521%, 05/01/2076 (A)
  325,000     323,765
Consolidated Communications LLC
Series 2025-4A, Class A2
5.522%, 12/20/2055 (A)
  475,000     476,919
DataBank Issuer LLC
Series 2026-1A, Class B
6.493%, 02/25/2056 (A)
  255,000     253,797
DB Master Finance LLC          
Series 2025-1A, Class A2II
5.165%, 08/20/2055 (A)
  263,675     260,530
Series 2026-1A, Class A2II
5.432%, 05/20/2056 (A)
  675,000     675,359
Domino's Pizza Master Issuer LLC
Series 2025-1A, Class A2II
5.217%, 07/25/2055 (A)
  175,000     174,183
Driven Brands Funding LLC
Series 2020-2A, Class A2
3.237%, 01/20/2051 (A)
  351,224     337,683
FirstLight Issuer LLC
Series 2026-1A, Class A2
5.873%, 06/20/2056 (A)
  315,000     316,244
Flexential Issuer LLC
Series 2025-2A, Class A2
6.460%, 10/25/2060 (A)
  250,000     247,747
Iskandar Enterprise LLC
Series 2026-1A, Class A23
5.538%, 04/17/2056 (A)
  450,000     446,018
Jersey Mike's Funding LLC          
Series 2024-1A, Class A2
5.636%, 02/15/2055 (A)
  799,875     807,378
Series 2026-1A, Class A2
5.481%, 02/15/2056 (A)
  503,738     497,733
Jimmy John's Funding LLC
Series 2026-1A, Class A2
5.685%, 04/30/2056 (A)
  785,000     787,831
Kinetic ABS Issuer LLC
Series 2026-2A, Class B
6.224%, 06/25/2058 (A)
  400,000     402,046
 
The accompanying notes are an integral part of the financial statements. 107  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
MetroNet Infrastructure Issuer LLC          
Series 2025-2A, Class B
5.590%, 08/20/2055 (A)
$ 480,000   $ 478,144
Series 2025-4A, Class C
7.112%, 12/20/2055 (A)
  265,000     266,619
Taco Bell Funding LLC
Series 2025-1A, Class A2II
5.049%, 08/25/2055 (A)
  625,000     615,372
VB-S1 Issuer LLC
Series 2026-1A, Class F
6.843%, 03/15/2056 (A)
  455,000     457,447
Zayo Issuer LLC
Series 2025-1A, Class A2
5.648%, 03/20/2055 (A)
  310,000     311,013
TOTAL ASSET-BACKED SECURITIES (Cost $8,680,843)     $ 8,658,920
PREFERRED SECURITIES – 5.7%        
Communication services – 0.4%          
Alphabet, Inc., 6.250%   11,415     580,909
Alphabet, Inc., 6.250%   11,415     574,175
          1,155,084
Financials – 2.8%          
Bank of Hawaii Corp., 8.000%   18,200     478,296
Citizens Financial Group, Inc., 6.500% (6.500% to 10-6-30, then 5 Year CMT + 2.629%)   45,950     1,138,641
Fifth Third Bancorp, 6.875% (6.875% to 10-1-30, then 5 Year CMT + 3.125%)   56,575     1,465,293
First Busey Corp., 8.250%   28,450     735,433
First Citizens BancShares, Inc., 6.625% (6.625% to 3-15-31, then 5 Year CMT + 2.830%)   49,250     1,258,338
First Horizon Corp., 6.750%   25,600     639,488
Huntington Bancshares, Inc., 4.500%   99     1,624
Live Oak Bancshares, Inc., 8.375%   13,025     326,797
UMB Financial Corp., 7.750% (7.750% to 7-15-30, then 5 Year CMT + 3.743%)   25,250     665,843
WesBanco, Inc., 7.375% (7.375% to 10-1-30, then 5 Year CMT + 3.795%)   37,475     943,246
Wintrust Financial Corp., 7.875% (7.875% to 7-15-30, then 5 Year CMT + 3.878%)   23,625     618,739
          8,271,738
Industrials – 0.6%          
QXO, Inc., 5.500%   26,250     1,279,425
The Boeing Company, 6.000%   9,000     605,700
          1,885,125
Information technology – 0.8%          
Hewlett Packard Enterprise Company, 7.625%   9,000     1,040,940
Oracle Corp., 6.500%   28,900     1,299,055
          2,339,995
Utilities – 1.1%          
NextEra Energy, Inc., 7.375%   38,183     1,830,493
PPL Corp., 7.000%   13,495     662,200
The Southern Company, 7.125%   18,200     905,268
          3,397,961
TOTAL PREFERRED SECURITIES (Cost $16,451,276)   $ 17,049,903
Strategic Income Opportunities Trust (continued)
    Shares or
Principal
Amount
  Value
SHORT-TERM INVESTMENTS – 5.1%      
Short-term funds – 5.1%          
John Hancock Collateral Trust, 3.6026% (H)(I)   1,544,322   $ 15,442,293
TOTAL SHORT-TERM INVESTMENTS (Cost $15,444,205)   $ 15,442,293
Total Investments (Strategic Income Opportunities Trust)
(Cost $303,340,504) – 100.8%
  $ 302,711,503
Other assets and liabilities, net – (0.8%)       (2,355,647)
TOTAL NET ASSETS – 100.0%       $ 300,355,856
Currency Abbreviations
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
CNY Chinese Yuan Renminbi
CZK Czech Republic Koruna
EUR Euro
GBP Pound Sterling
IDR Indonesian Rupiah
INR Indian Rupee
JPY Japanese Yen
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PHP Philippine Peso
Security Abbreviations and Legend
BBSW Bank Bill Swap Rate
CME CME Group Published Rates
CMT Constant Maturity Treasury
EURIBOR Euro Interbank Offered Rate
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.
LIBOR London Interbank Offered Rate
NIBOR Norwegian Interbank Offered Rate
SOFR Secured Overnight Financing Rate
(A) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $72,834,409 or 24.2% of the fund's net assets as of 6-30-26.
(B) Variable rate obligation. The coupon rate shown represents the rate at period end.
(C) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(D) All or a portion of this security is on loan as of 6-30-26.
(E) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(F) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(G) 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.
(H) The rate shown is the annualized seven-day yield as of 6-30-26.
(I) Investment is an affiliate of the portfolio, 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 $235,886.
 
The accompanying notes are an integral part of the financial statements. 108  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    
DERIVATIVES
FUTURES
Open contracts Number of
contracts
Position Expiration
date
Notional
basis^
Notional
value^
Unrealized
appreciation
(depreciation)
German Euro BUND Futures 18 Long Sep 2026 $2,584,644 $2,618,990 $34,346
10-Year Canada Government Bond Futures 2 Short Sep 2026 (169,164) (170,788) (1,624)
10-Year U.S. Treasury Note Futures 46 Short Sep 2026 (5,013,928) (5,054,969) (41,041)
Euro-BTP Italian Government Bond Futures 22 Short Sep 2026 (2,956,118) (3,000,125) (44,007)
Euro-OAT Futures 7 Short Sep 2026 (950,859) (959,624) (8,765)
U.S. Treasury Long Bond Futures 6 Short Sep 2026 (664,209) (681,000) (16,791)
            $(77,882)
    
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
AUD 1,491,538  USD 1,033,046  CITI 9/16/2026  —  $(1,778)
AUD 1,459,803  USD 1,022,139  JPM 9/16/2026  —  (12,813)
AUD 2,189,704  USD 1,542,627  MSI 9/16/2026  —  (28,637)
AUD 2,222,530  USD 1,568,212  RBC 9/16/2026  —  (31,527)
CAD 1,957,260  USD 1,384,583  BARC 7/24/2026  —  (3,221)
CAD 1,965,817  USD 1,384,583  CITI 7/24/2026  $2,818  — 
CAD 1,968,512  USD 1,384,583  JPM 7/24/2026  4,720  — 
CAD 1,959,248  USD 1,384,583  RBC 7/24/2026  —  (1,818)
CAD 1,288,185  USD 915,315  JPM 9/16/2026  —  (3,958)
CAD 4,634,400  USD 3,295,132  RBC 9/16/2026  —  (16,416)
EUR 1,578,396  USD 1,823,727  GSI 9/16/2026  —  (14,547)
EUR 3,146,718  USD 3,619,253  HUS 9/16/2026  —  (12,441)
EUR 1,578,396  USD 1,836,341  MSI 9/16/2026  —  (27,161)
EUR 1,578,396  USD 1,814,951  SSB 9/16/2026  —  (5,771)
GBP 4,150,156  USD 5,497,604  GSI 7/24/2026  7,282  — 
GBP 2,766,000  USD 3,662,881  UBS 7/24/2026  6,020  — 
GBP 271,755  USD 357,498  BARC 9/16/2026  2,969  — 
JPY 1,550,744,618  USD 9,701,250  BNY 7/24/2026  —  (147,305)
KRW 9,419,912,778  USD 6,224,009  CITI 7/24/2026  —  (133,128)
KRW 1,385,969,479  USD 902,030  GSI 7/24/2026  —  (5,867)
MXN 13,893,376  USD 794,384  SSB 9/17/2026  —  (4,913)
NOK 15,691,424  EUR 1,388,200  RBC 7/24/2026  —  (2,816)
NOK 15,719,290  EUR 1,388,200  SCB 7/24/2026  —  (2)
NOK 7,567,703  USD 796,366  JPM 9/16/2026  —  (32,642)
NOK 10,643,895  USD 1,094,494  UBS 9/16/2026  —  (20,325)
NZD 15,869,836  GBP 6,897,500  JPM 7/24/2026  —  (128,813)
NZD 1,038,997  USD 607,726  BARC 9/16/2026  —  (16,125)
NZD 583,379  USD 337,369  JPM 9/16/2026  —  (5,196)
NZD 1,562,389  USD 906,241  UBS 9/16/2026  —  (16,622)
SGD 2,475,317  USD 1,933,841  HUS 9/16/2026  —  (10,332)
USD 1,336,078  AUD 1,904,235  ANZ 9/16/2026  19,465  — 
USD 8,814,463  AUD 12,581,820  HUS 9/16/2026  115,231  — 
USD 1,384,583  CAD 1,960,846  RBC 7/24/2026  690  — 
USD 1,384,583  CAD 1,964,412  SSB 7/24/2026  —  (1,827)
USD 4,278,945  CAD 5,942,068  CITI 9/16/2026  75,089  — 
USD 3,735,911  EUR 3,271,805  BARC 9/16/2026  —  (14,278)
USD 1,829,349  EUR 1,578,290  CITI 9/16/2026  20,291  — 
USD 2,357,646  EUR 2,060,925  MSI 9/16/2026  —  (4,614)
USD 3,585,732  EUR 3,108,806  SCB 9/16/2026  22,376  — 
USD 18,406,553  EUR 15,887,049  SSB 9/16/2026  196,597  — 
USD 24,671  GBP 18,656  BNY 7/24/2026  —  (75)
USD 4,368,068  GBP 3,310,460  HUS 7/24/2026  —  (23,021)
USD 4,767,746  GBP 3,609,550  SCB 7/24/2026  —  (20,064)
USD 10,572,677  GBP 7,938,930  SCB 9/16/2026  42,139  — 
USD 358,559  GBP 271,755  TD 9/16/2026  —  (1,908)
USD 4,785,249  MXN 84,055,984  GSI 9/17/2026  8,893  — 
USD 1,663,249  MXN 29,065,577  SSB 9/17/2026  11,641  — 
USD 3,621,993  NOK 34,529,655  UBS 9/16/2026  137,303  — 
USD 3,984,175  NZD 6,828,415  MSI 9/16/2026  96,103  — 
The accompanying notes are an integral part of the financial statements. 109  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
FORWARD FOREIGN CURRENCY CONTRACTS (continued)
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date
Unrealized
appreciation
Unrealized
depreciation
USD 1,906,144  SGD 2,461,772  BARC 9/16/2026  —  $(6,840)
USD 3,821,955  SGD 4,890,207  HUS 9/16/2026  $21,893  — 
            $791,520  $(756,801)
Derivatives Currency Abbreviations
AUD Australian Dollar
CAD Canadian Dollar
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
KRW Korean Won
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
SGD Singapore Dollar
USD U.S. Dollar
Derivatives Abbreviations
ANZ Australia and New Zealand Banking Group Limited
BARC Barclays Bank PLC
BNY The Bank of New York Mellon
CITI Citibank, N.A.
GSI Goldman Sachs International
HUS HSBC Bank USA, N.A.
JPM JPMorgan Chase Bank, N.A.
MSI Morgan Stanley & Co. International PLC
OTC Over-the-counter
RBC Royal Bank of Canada
SCB Standard Chartered Bank
SSB State Street Bank and Trust Company
TD The Toronto-Dominion Bank
UBS UBS AG
    
See Notes to financial statements regarding investment transactions and other derivatives information.
Total Bond Market Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
71.4%
     
U.S. Government – 47.4%          
U.S. Treasury Bonds          
1.250%, 05/15/2050 $ 6,025,000   $ 2,867,053
2.000%, 11/15/2041 to 08/15/2051   18,000,000     10,986,797
2.250%, 08/15/2049   2,000,000     1,243,984
2.750%, 08/15/2047   3,000,000     2,120,859
2.875%, 05/15/2049   1,500,000     1,065,293
3.000%, 02/15/2047 to 02/15/2049   19,040,000     14,049,908
3.375%, 08/15/2042   3,960,000     3,304,280
3.625%, 02/15/2053 to 05/15/2053   6,320,000     5,051,969
3.875%, 02/15/2043   3,030,000     2,684,746
4.000%, 11/15/2052   6,000,000     5,133,750
4.125%, 08/15/2053   1,725,000     1,506,814
4.250%, 05/15/2039 to 08/15/2054   18,999,000     17,241,466
4.375%, 05/15/2041   780,000     747,398
4.500%, 02/15/2044   1,910,000     1,818,977
4.625%, 02/15/2040 to 11/15/2055   21,382,000     20,623,893
4.750%, 02/15/2041 to 02/15/2056   11,442,000     11,158,732
4.875%, 08/15/2045   1,976,000     1,960,948
5.000%, 05/15/2045 to 05/15/2056   6,936,000     6,997,977
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government (continued)          
U.S. Treasury Notes          
2.875%, 05/15/2028 $ 4,800,000   $ 4,689,187
3.375%, 02/29/2028 to 09/15/2028   14,259,000     14,039,523
3.500%, 11/30/2030   19,173,000     18,635,257
3.625%, 08/15/2028 to 12/31/2030   31,200,000     30,547,576
3.750%, 04/15/2028 to 11/30/2032   31,929,000     31,547,398
3.875%, 03/15/2028 to 09/30/2032   70,071,000     69,409,833
4.000%, 12/15/2027 to 07/31/2032   45,603,000     45,215,012
4.125%, 09/30/2027 to 02/15/2036   84,498,000     83,913,401
4.250%, 01/15/2028 to 08/15/2035   42,551,000     42,345,384
4.375%, 11/30/2028 to 05/15/2036   15,338,000     15,379,704
4.500%, 11/15/2033   20,400,000     20,604,794
4.625%, 04/30/2029 to 05/31/2031   15,713,000     15,958,708
          502,850,621
U.S. Government Agency – 24.0%          
Federal Home Loan Bank          
4.100%, 08/28/2029   1,000,000     993,511
5.500%, 07/15/2036   1,690,000     1,822,199
 
The accompanying notes are an integral part of the financial statements. 110  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal Home Loan Mortgage Corp.          
1.500%, 12/01/2036 to 03/01/2051 $ 4,334,335   $ 3,478,463
2.000%, 07/01/2035 to 12/01/2051   7,441,895     6,113,079
2.500%, 04/01/2031 to 05/01/2052   10,561,648     8,974,906
3.000%, 07/01/2032 to 08/01/2052   6,436,880     5,754,130
3.500%, 01/01/2034 to 07/01/2052   5,539,470     5,092,409
4.000%, 12/01/2039 to 09/01/2047   849,498     812,856
4.500%, 07/01/2029 to 07/01/2052   5,141,027     4,990,740
5.000%, 07/01/2035 to 12/01/2055   6,625,150     6,564,446
5.500%, 04/01/2027 to 02/01/2056   13,689,684     13,828,077
6.000%, 10/01/2036 to 05/01/2055   9,451,005     9,715,073
6.250%, 07/15/2032   450,000     496,591
6.500%, 08/01/2037 to 10/01/2054   2,187,187     2,279,091
6.655%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.905%), 08/01/2037 (A)   68,537     71,165
6.750%, 09/15/2029   1,200,000     1,292,064
7.000%, 04/01/2029 to 04/01/2032   3,831     4,043
7.500%, 09/01/2030 to 03/01/2032   2,139     2,242
8.000%, 02/01/2030   100     103
Federal National Mortgage Association          
1.500%, 11/01/2036 to 02/01/2051   4,451,451     3,799,882
2.000%, 02/01/2035 to 06/01/2052   43,642,814     36,143,988
2.500%, 05/01/2028 to 04/01/2052   25,971,297     22,358,921
3.000%, 01/01/2027 to 03/01/2052   13,268,018     11,891,762
3.500%, 01/01/2036 to 07/01/2052   8,810,494     8,137,122
4.000%, 02/01/2031 to 04/01/2053   12,355,014     11,737,194
4.500%, 08/01/2033 to 01/01/2056   4,042,898     3,927,654
5.000%, 12/01/2034 to 12/01/2055   10,583,690     10,487,746
5.500%, 01/01/2034 to 02/01/2055   5,467,795     5,531,127
5.559%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.411%), 07/01/2034 (A)   25,547     25,976
5.585%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.335%), 01/01/2035 (A)   7,114     7,247
5.625%, 07/15/2037   500,000     544,792
5.749%, (1 Year CMT + 2.185%), 05/01/2036 (A)   25,464     26,293
5.925%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.575%), 09/01/2037 (A)   25,279     25,944
6.000%, 07/01/2027 to 07/01/2055   4,238,573     4,354,097
6.067%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.875%), 04/01/2037 (A)   34,958     36,216
6.500%, 07/01/2031 to 12/01/2053   2,587,046     2,698,286
7.000%, 02/01/2031 to 10/01/2038   16,231     17,138
7.125%, 01/15/2030   209,000     228,864
7.250%, 05/15/2030   1,450,000     1,604,853
7.500%, 09/01/2030 to 08/01/2031   7,699     7,997
8.000%, 08/01/2030 to 09/01/2031   696     720
8.500%, 09/01/2030   108     113
Government National
Mortgage Association
         
2.000%, 11/20/2050 to 08/20/2051   10,235,839     8,397,663
2.500%, 08/20/2050 to 11/20/2051   10,744,247     9,186,137
3.000%, 08/15/2043 to 05/20/2053   8,214,064     7,342,894
3.500%, 04/15/2042 to 01/20/2052   6,112,577     5,643,203
4.000%, 11/15/2026 to 03/20/2053   4,978,405     4,707,440
4.500%, 08/15/2033 to 07/20/2053   4,996,420     4,851,921
5.000%, 08/15/2033 to 10/20/2054   8,087,230     8,028,397
5.500%, 11/15/2032 to 02/20/2055   7,051,364     7,139,870
6.000%, 07/15/2029 to 06/20/2055   3,376,435     3,469,826
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Government National
Mortgage Association (continued)
         
6.500%, 05/15/2028 to 11/20/2052 $ 566,739   $ 591,487
7.000%, 08/15/2029 to 05/15/2032   6,391     6,501
7.500%, 09/15/2030 to 01/15/2031   1,953     2,008
          255,246,467
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $804,156,714)   $ 758,097,088
FOREIGN GOVERNMENT OBLIGATIONS – 0.7%      
Chile – 0.0%          
Republic of Chile
3.100%, 05/07/2041
  675,000     516,038
Indonesia – 0.1%          
Republic of Indonesia
3.850%, 10/15/2030
  1,050,000     1,011,200
Italy – 0.1%          
Republic of Italy
5.375%, 06/15/2033
  1,000,000     1,035,520
Japan – 0.1%          
Japan Bank for International Cooperation
3.500%, 10/31/2028
  830,000     814,954
Mexico – 0.3%          
Government of Mexico          
3.750%, 01/11/2028   2,000,000     1,975,300
6.050%, 01/11/2040   930,000     900,705
          2,876,005
Panama – 0.0%          
Republic of Panama
6.700%, 01/26/2036
  370,000     397,491
Peru – 0.0%          
Republic of Peru
6.550%, 03/14/2037
  250,000     273,588
Poland – 0.1%          
Republic of Poland
5.125%, 09/18/2034
  1,000,000     1,004,600
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $8,106,781)   $ 7,929,396
CORPORATE BONDS – 24.3%      
Communication services – 1.9%          
Alphabet, Inc.          
1.100%, 08/15/2030   300,000     263,190
2.050%, 08/15/2050   400,000     213,599
4.700%, 11/15/2035   543,000     531,993
5.450%, 11/15/2055   611,000     585,700
AT&T, Inc.          
2.550%, 12/01/2033   665,000     558,535
3.800%, 12/01/2057   644,000     429,793
4.750%, 05/15/2046   700,000     588,505
4.850%, 07/15/2045   500,000     431,736
5.150%, 03/15/2042   115,000     105,233
5.400%, 02/15/2034   800,000     810,992
6.375%, 03/01/2041   380,000     401,449
British Telecommunications, Ltd.
9.625%, 12/15/2030
  205,000     242,249
Charter Communications Operating LLC          
2.800%, 04/01/2031   600,000     534,573
5.050%, 03/30/2029   420,000     418,401
5.375%, 05/01/2047   525,000     424,932
Comcast Corp.          
2.887%, 11/01/2051   256,000     145,086
 
The accompanying notes are an integral part of the financial statements. 111  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Communication services (continued)          
Comcast Corp. (continued)          
3.450%, 02/01/2050 $ 500,000   $ 321,565
3.999%, 11/01/2049   545,000     386,496
4.049%, 11/01/2052   1,065,000     746,503
4.600%, 10/15/2038 (B)   200,000     180,682
6.500%, 11/15/2035   72,000     76,765
Deutsche Telekom International Finance BV
8.250%, 06/15/2030
  161,000     181,140
Fox Corp.
3.500%, 04/08/2030
  640,000     612,534
Meta Platforms, Inc.          
4.600%, 05/15/2028 (B)   250,000     251,254
4.950%, 05/15/2033   745,000     744,652
5.625%, 11/15/2055   551,000     499,292
6.300%, 05/15/2056   420,000     418,076
Netflix, Inc.
4.875%, 04/15/2028
  320,000     322,325
Paramount Global
4.950%, 05/19/2050
  495,000     319,676
Rogers Communications, Inc.
4.500%, 03/15/2042
  735,000     622,961
Telefonica Emisiones SA
7.045%, 06/20/2036
  230,000     254,272
Telefonica Europe BV
8.250%, 09/15/2030
  380,000     426,622
The Walt Disney Company          
2.650%, 01/13/2031   400,000     369,394
6.200%, 12/15/2034   480,000     523,482
Time Warner Cable Enterprises LLC
8.375%, 07/15/2033
  570,000     631,769
T-Mobile USA, Inc.          
3.000%, 02/15/2041   430,000     317,338
3.875%, 04/15/2030   635,000     615,299
4.500%, 04/15/2050   700,000     565,014
5.750%, 01/15/2054   750,000     716,040
TWDC Enterprises 18 Corp.
4.125%, 06/01/2044
  525,000     434,809
Verizon Communications, Inc.          
1.680%, 10/30/2030   200,000     176,591
2.875%, 11/20/2050   500,000     305,734
4.016%, 12/03/2029   535,000     525,031
4.522%, 09/15/2048   1,335,000     1,101,365
Vodafone Group PLC
6.150%, 02/27/2037 (B)
  330,000     348,820
          19,681,467
Consumer discretionary – 1.5%          
Amazon.com, Inc.          
2.100%, 05/12/2031   400,000     356,473
2.500%, 06/03/2050   800,000     462,654
4.050%, 08/22/2047   450,000     356,390
4.700%, 12/01/2032   750,000     753,645
American Honda Finance Corp.
1.800%, 01/13/2031
  625,000     547,505
Booking Holdings, Inc.
3.550%, 03/15/2028 (B)
  320,000     315,326
Choice Hotels International, Inc.
3.700%, 01/15/2031
  200,000     188,699
D.R. Horton, Inc.
1.400%, 10/15/2027 (B)
  220,000     211,632
Expedia Group, Inc.
3.250%, 02/15/2030 (B)
  300,000     284,927
Ford Motor Credit Company LLC
6.798%, 11/07/2028
  720,000     743,337
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer discretionary (continued)          
General Motors Company
5.400%, 04/01/2048
$ 315,000   $ 283,104
General Motors Financial Company, Inc.          
2.400%, 10/15/2028   345,000     327,778
3.100%, 01/12/2032   380,000     343,995
3.600%, 06/21/2030   420,000     400,739
5.350%, 07/15/2027   300,000     302,541
5.900%, 01/07/2035   350,000     359,653
5.950%, 04/04/2034   220,000     227,681
Honda Motor Company, Ltd.
5.337%, 07/08/2035 (B)
  300,000     299,951
Lennar Corp.
4.750%, 11/29/2027
  315,000     315,535
Lowe's Companies, Inc.          
3.650%, 04/05/2029   600,000     585,994
3.750%, 04/01/2032 (B)   550,000     521,296
Marriott International, Inc.
5.250%, 10/15/2035
  524,000     523,931
McDonald's Corp.          
4.950%, 03/03/2035   500,000     497,860
5.000%, 05/17/2029   550,000     557,390
NIKE, Inc.
2.850%, 03/27/2030
  250,000     235,716
President and Fellows of Harvard College
4.887%, 03/15/2030
  1,000,000     1,016,101
Starbucks Corp.
3.550%, 08/15/2029
  315,000     306,403
The Home Depot, Inc.          
1.375%, 03/15/2031   645,000     558,772
2.700%, 04/15/2030 (B)   650,000     610,079
4.250%, 04/01/2046   310,000     258,919
5.875%, 12/16/2036   155,000     165,027
The TJX Companies, Inc.          
3.875%, 04/15/2030   400,000     390,612
4.500%, 04/15/2050   530,000     453,877
Toll Brothers Finance Corp.
3.800%, 11/01/2029
  200,000     194,174
Toyota Motor Credit Corp.          
1.150%, 08/13/2027   530,000     512,294
1.900%, 09/12/2031   730,000     636,443
3.050%, 01/11/2028   530,000     520,349
Trustees of Dartmouth College
4.273%, 06/01/2030
  500,000     496,532
Yale University
4.701%, 04/15/2032
  100,000     100,707
          16,224,041
Consumer staples – 1.4%          
Altria Group, Inc.          
3.400%, 02/04/2041   425,000     325,118
4.500%, 05/02/2043   500,000     420,476
Anheuser-Busch Companies LLC
4.900%, 02/01/2046
  464,000     422,714
Anheuser-Busch InBev Worldwide, Inc.          
4.900%, 01/23/2031   340,000     344,433
5.000%, 06/15/2034 (B)   335,000     338,377
5.450%, 01/23/2039   250,000     254,237
BAT Capital Corp.          
2.726%, 03/25/2031   650,000     593,890
5.625%, 08/15/2035 (B)   500,000     515,260
Constellation Brands, Inc.
4.500%, 05/09/2047
  370,000     308,434
Costco Wholesale Corp.
1.600%, 04/20/2030
  525,000     474,444
 
The accompanying notes are an integral part of the financial statements. 112  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Consumer staples (continued)          
Diageo Capital PLC
2.000%, 04/29/2030
$ 300,000   $ 272,522
General Mills, Inc.
2.875%, 04/15/2030
  635,000     594,742
JBS NV          
4.375%, 02/02/2052   375,000     282,950
5.750%, 04/01/2033   425,000     436,334
Kellanova
5.250%, 03/01/2033
  200,000     203,740
Kenvue, Inc.
4.900%, 03/22/2033
  525,000     527,010
Keurig Dr. Pepper, Inc.
4.597%, 05/25/2028
  525,000     524,593
Kimberly-Clark Corp.          
3.200%, 07/30/2046   300,000     211,980
4.500%, 02/16/2033   220,000     218,378
Kraft Heinz Foods Company          
4.375%, 06/01/2046   107,000     85,596
4.625%, 01/30/2029   290,000     290,069
6.875%, 01/26/2039   40,000     43,837
Molson Coors Beverage Company          
4.200%, 07/15/2046   150,000     119,687
5.000%, 05/01/2042   150,000     136,358
Mondelez International, Inc.
4.625%, 05/07/2048
  300,000     239,555
PepsiCo, Inc.          
3.000%, 10/15/2027   500,000     492,789
4.000%, 03/05/2042   270,000     229,610
4.600%, 02/07/2030   285,000     287,257
5.500%, 01/15/2040   305,000     312,811
Philip Morris International, Inc.
6.375%, 05/16/2038
  300,000     328,108
Sysco Corp.          
5.400%, 03/23/2035   50,000     50,222
6.600%, 04/01/2050   1,000,000     1,063,775
Target Corp.
3.900%, 11/15/2047
  520,000     406,966
The Coca-Cola Company          
2.125%, 09/06/2029   425,000     397,925
2.500%, 06/01/2040 (B)   430,000     315,837
The Estee Lauder Companies, Inc.
2.600%, 04/15/2030
  635,000     591,717
The Kroger Company          
4.450%, 02/01/2047   300,000     248,381
5.000%, 09/15/2034   300,000     296,037
The Procter & Gamble Company
3.600%, 03/25/2050
  630,000     487,236
Tyson Foods, Inc.
4.350%, 03/01/2029
  425,000     421,522
Walmart, Inc.          
3.250%, 07/08/2029   640,000     623,552
4.050%, 06/29/2048   520,000     425,928
          15,164,407
Energy – 1.7%          
Baker Hughes Holdings LLC          
3.337%, 12/15/2027   500,000     492,372
4.486%, 05/01/2030   550,000     547,001
Berry Global, Inc.
5.500%, 04/15/2028
  280,000     284,178
BP Capital Markets America, Inc.          
4.893%, 09/11/2033 (B)   525,000     522,668
5.017%, 11/17/2027   525,000     529,693
Canadian Natural Resources, Ltd.
6.250%, 03/15/2038
  305,000     321,791
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
Cenovus Energy, Inc.
5.400%, 06/15/2047
$ 300,000   $ 277,294
Chevron USA, Inc.
4.300%, 10/15/2030
  300,000     298,258
ConocoPhillips Company          
4.300%, 11/15/2044   330,000     276,877
5.000%, 01/15/2035   300,000     299,432
Devon Energy Corp.          
5.000%, 06/15/2045   885,000     793,159
7.875%, 09/30/2031   210,000     239,580
Diamondback Energy, Inc.          
5.150%, 01/30/2030   325,000     329,537
5.750%, 04/18/2054   200,000     194,438
Enbridge, Inc.          
3.700%, 07/15/2027   300,000     297,952
4.500%, 06/10/2044   335,000     287,109
5.700%, 03/08/2033   525,000     542,090
Energy Transfer LP          
3.750%, 05/15/2030   455,000     438,164
6.125%, 12/15/2045   370,000     367,662
6.500%, 02/01/2042   250,000     264,165
Enterprise Products Operating LLC          
3.200%, 02/15/2052   700,000     463,587
4.850%, 08/15/2042   325,000     300,319
4.950%, 02/15/2035 (B)   200,000     198,466
6.875%, 03/01/2033   130,000     144,416
Exxon Mobil Corp.          
2.995%, 08/16/2039   425,000     336,091
3.482%, 03/19/2030   520,000     503,455
Kinder Morgan Energy Partners LP          
6.375%, 03/01/2041   75,000     79,325
6.500%, 09/01/2039   180,000     193,249
Kinder Morgan, Inc.          
5.000%, 02/01/2029   625,000     630,626
5.550%, 06/01/2045   400,000     384,317
MPLX LP          
4.800%, 02/15/2029   420,000     420,904
5.000%, 03/01/2033   315,000     312,629
5.200%, 03/01/2047   155,000     139,892
5.950%, 04/01/2055   200,000     194,055
Occidental Petroleum Corp.          
5.375%, 01/01/2032   100,000     101,998
6.625%, 09/01/2030   274,000     289,868
ONEOK Partners LP
6.650%, 10/01/2036
  288,000     312,473
ONEOK, Inc.          
5.650%, 11/01/2028   390,000     398,027
6.625%, 09/01/2053   500,000     524,053
Ovintiv, Inc.
6.500%, 08/15/2034
  290,000     309,780
Phillips 66
4.650%, 11/15/2034
  550,000     532,947
Phillips 66 Company
3.750%, 03/01/2028
  230,000     226,960
Plains All American Pipeline LP          
4.700%, 01/15/2031   80,000     79,308
4.900%, 02/15/2045   395,000     349,103
Shell Finance US, Inc.          
4.375%, 05/11/2045   1,000,000     850,844
6.375%, 12/15/2038 (C)   130,000     142,070
Suncor Energy, Inc.
5.950%, 05/15/2035
  163,000     164,639
Targa Resources Partners LP
4.000%, 01/15/2032
  500,000     474,153
 
The accompanying notes are an integral part of the financial statements. 113  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy (continued)          
The Williams Companies, Inc.          
3.500%, 11/15/2030 $ 425,000   $ 403,430
5.100%, 09/15/2045   420,000     382,135
5.300%, 09/30/2035   150,000     149,642
TransCanada PipeLines, Ltd.
5.850%, 03/15/2036
  425,000     442,659
Valero Energy Corp.
7.500%, 04/15/2032
  270,000     305,208
          18,344,048
Financials – 7.3%          
Ally Financial, Inc.          
5.548%, (5.548% to 7-31-32, then Overnight SOFR + 1.780%), 07/31/2033   295,000     292,563
6.184%, (6.184% to 7-26-34, then Overnight SOFR + 2.290%), 07/26/2035   160,000     162,632
American Express Company
4.420%, (4.420% to 8-3-32, then Overnight SOFR + 1.760%), 08/03/2033
  1,046,000     1,017,949
American International Group, Inc.
5.125%, 03/27/2033
  440,000     442,960
Ameriprise Financial, Inc.
5.150%, 05/15/2033
  525,000     531,192
Aon Corp.
2.050%, 08/23/2031
  440,000     383,940
Aon North America, Inc.
5.450%, 03/01/2034 (B)
  300,000     306,055
Ares Capital Corp.
5.875%, 03/01/2029
  525,000     529,159
Arthur J. Gallagher & Company          
5.450%, 07/15/2034   400,000     405,715
5.550%, 02/15/2055   300,000     284,318
Athene Holding, Ltd.          
4.125%, 01/12/2028   225,000     222,841
6.250%, 04/01/2054   250,000     230,332
Bank of America Corp.          
3.419%, (3.419% to 12-20-27, then 3 month CME Term SOFR + 1.302%), 12/20/2028   1,437,000     1,412,980
3.970%, (3.970% to 3-5-28, then 3 month CME Term SOFR + 1.332%), 03/05/2029   500,000     494,631
3.974%, (3.974% to 2-7-29, then 3 month CME Term SOFR + 1.472%), 02/07/2030   2,105,000     2,065,362
4.443%, (4.443% to 1-20-47, then 3 month CME Term SOFR + 2.252%), 01/20/2048   520,000     442,783
5.468%, (5.468% to 1-23-34, then Overnight SOFR + 1.650%), 01/23/2035 (B)   615,000     627,037
5.511%, (5.511% to 1-24-35, then Overnight SOFR + 1.310%), 01/24/2036   680,000     694,390
7.750%, 05/14/2038 (B)   480,000     573,211
Bank of Montreal
5.511%, 06/04/2031
  500,000     515,798
Barclays PLC          
4.950%, 01/10/2047   320,000     285,302
5.367%, (5.367% to 2-25-30, then Overnight SOFR + 1.230%), 02/25/2031   250,000     253,514
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Barclays PLC (continued)          
7.437%, (7.437% to 11-2-32, then 1 Year CMT + 3.500%), 11/02/2033 $ 750,000   $ 835,888
Berkshire Hathaway Finance Corp.
4.400%, 05/15/2042
  630,000     562,841
Blackstone Private Credit Fund
5.950%, 07/16/2029
  315,000     315,116
Capital One Financial Corp.          
5.197%, (5.197% to 9-11-35, then Overnight SOFR + 1.630%), 09/11/2036   300,000     292,034
5.268%, (5.268% to 5-10-32, then Overnight SOFR + 2.370%), 05/10/2033 (B)   505,000     506,439
5.700%, (5.700% to 2-1-29, then Overnight SOFR + 1.905%), 02/01/2030 (B)   650,000     663,488
Capital One NA
4.650%, 09/13/2028
  250,000     250,364
Chubb INA Holdings LLC
4.900%, 08/15/2035
  300,000     295,825
Citigroup, Inc.          
2.561%, (2.561% to 5-1-31, then Overnight SOFR + 1.167%), 05/01/2032   745,000     669,746
2.666%, (2.666% to 1-29-30, then Overnight SOFR + 1.146%), 01/29/2031   700,000     649,756
4.450%, 09/29/2027   500,000     499,190
5.174%, (5.174% to 9-11-35, then Overnight SOFR + 1.488%), 09/11/2036   735,000     730,904
5.449%, (5.449% to 6-11-34, then Overnight SOFR + 1.447%), 06/11/2035   865,000     879,734
Citizens Financial Group, Inc.          
5.253%, (5.253% to 3-5-30, then Overnight SOFR + 1.259%), 03/05/2031   200,000     202,135
5.718%, (5.718% to 7-23-31, then Overnight SOFR + 1.910%), 07/23/2032   215,000     220,673
CNA Financial Corp.
3.900%, 05/01/2029
  320,000     312,757
CNO Financial Group, Inc.
5.250%, 05/30/2029
  210,000     211,288
Corebridge Financial, Inc.
3.900%, 04/05/2032
  265,000     248,668
Deutsche Bank AG          
3.742%, (3.742% to 1-7-32, then Overnight SOFR + 2.257%), 01/07/2033   300,000     275,022
5.297%, (5.297% to 5-9-30, then Overnight SOFR + 1.720%), 05/09/2031   150,000     151,569
5.403%, (5.403% to 9-11-34, then Overnight SOFR + 2.050%), 09/11/2035   350,000     350,128
European Investment Bank
4.875%, 02/15/2036
  1,000,000     1,031,612
Fifth Third Bancorp          
5.631%, (5.631% to 1-29-31, then Overnight SOFR + 1.840%), 01/29/2032   300,000     308,656
 
The accompanying notes are an integral part of the financial statements. 114  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Fifth Third Bancorp (continued)          
6.339%, (6.339% to 7-27-28, then Overnight SOFR + 2.340%), 07/27/2029 $ 315,000   $ 325,518
Fiserv, Inc.
2.250%, 06/01/2027
  630,000     617,332
Five Corners Funding Trust II
2.850%, 05/15/2030 (C)
  630,000     586,485
GE Capital International Funding Company
4.418%, 11/15/2035
  647,000     617,794
Global Payments, Inc.
4.450%, 06/01/2028
  425,000     421,139
Hartford Insurance Group, Inc.
5.950%, 10/15/2036
  170,000     178,994
HSBC Holdings PLC          
2.848%, (2.848% to 6-4-30, then Overnight SOFR + 2.387%), 06/04/2031   1,000,000     926,393
4.583%, (4.583% to 6-19-28, then 3 month CME Term SOFR + 1.796%), 06/19/2029   1,050,000     1,046,901
5.240%, (5.240% to 5-13-30, then Overnight SOFR + 1.570%), 05/13/2031   250,000     252,737
6.500%, 09/15/2037   695,000     751,310
Huntington Bancshares, Inc.          
5.272%, (5.272% to 1-15-30, then Overnight SOFR + 1.276%), 01/15/2031   200,000     202,348
6.141%, (6.141% to 11-18-34, then 5 Year CMT + 1.700%), 11/18/2039   225,000     229,809
ING Groep NV
4.252%, (4.252% to 3-28-32, then Overnight SOFR + 2.070%), 03/28/2033
  300,000     289,731
Inter-American Development Bank          
1.125%, 07/20/2028   500,000     470,328
1.125%, 01/13/2031 (B)   2,000,000     1,746,918
4.000%, 01/12/2028   1,000,000     997,335
4.500%, 02/15/2030 (B)   500,000     504,752
Intercontinental Exchange, Inc.          
3.100%, 09/15/2027   440,000     433,682
4.600%, 03/15/2033   500,000     489,926
International Bank for Reconstruction &
Development
         
0.750%, 11/24/2027   1,000,000     953,940
4.000%, 01/10/2031   1,000,000     991,172
JPMorgan Chase & Co.          
3.109%, (3.109% to 4-22-50, then Overnight SOFR + 2.440%), 04/22/2051   1,940,000     1,298,277
3.509%, (3.509% to 1-23-28, then 3 month CME Term SOFR + 1.207%), 01/23/2029   500,000     491,724
4.347%, (4.347% to 1-22-31, then Overnight SOFR + 0.840%), 01/22/2032   617,000     604,401
4.452%, (4.452% to 12-5-28, then 3 month CME Term SOFR + 1.592%), 12/05/2029 (B)   900,000     894,899
4.603%, (4.603% to 10-22-29, then Overnight SOFR + 1.040%), 10/22/2030   805,000     801,395
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
JPMorgan Chase & Co. (continued)          
4.851%, (4.851% to 7-25-27, then Overnight SOFR + 1.990%), 07/25/2028 $ 1,000,000   $ 1,002,904
5.148%, (5.148% to 4-23-36, then Overnight SOFR + 1.260%), 04/23/2037   845,000     838,913
5.294%, (5.294% to 7-22-34, then Overnight SOFR + 1.460%), 07/22/2035   735,000     742,629
6.400%, 05/15/2038   250,000     274,417
KeyBank NA          
5.000%, 01/26/2033   325,000     321,657
5.850%, 11/15/2027   250,000     254,020
Lincoln National Corp.
7.000%, 06/15/2040
  160,000     174,365
Lloyds Banking Group PLC
4.943%, (4.943% to 11-4-35, then 1 Year CMT + 0.970%), 11/04/2036
  994,000     964,657
M&T Bank Corp.          
4.553%, (4.553% to 8-16-27, then SOFR Compounded Index + 1.780%), 08/16/2028   100,000     99,930
5.053%, (5.053% to 1-27-33, then Overnight SOFR + 1.850%), 01/27/2034   125,000     123,933
5.179%, (5.179% to 7-8-30, then Overnight SOFR + 1.400%), 07/08/2031   124,000     124,992
Marsh & McLennan Companies, Inc.          
2.375%, 12/15/2031   250,000     221,288
4.900%, 03/15/2049   265,000     235,731
Mastercard, Inc.
2.000%, 11/18/2031
  385,000     340,049
MetLife, Inc.          
4.600%, 05/13/2046   520,000     454,567
5.300%, 12/15/2034   300,000     305,427
Mitsubishi UFJ Financial Group, Inc.          
5.325%, (5.325% to 4-21-36, then 1 Year CMT + 1.020%), 04/21/2037   315,000     314,147
5.441%, (5.441% to 2-22-33, then 1 Year CMT + 1.630%), 02/22/2034   215,000     219,325
Morgan Stanley          
3.622%, (3.622% to 4-1-30, then Overnight SOFR + 3.120%), 04/01/2031   1,000,000     957,669
3.772%, (3.772% to 1-24-28, then 3 month CME Term SOFR + 1.402%), 01/24/2029   635,000     626,369
4.375%, 01/22/2047   1,095,000     914,506
5.164%, (5.164% to 4-20-28, then Overnight SOFR + 1.590%), 04/20/2029   1,000,000     1,007,882
5.320%, (5.320% to 7-19-34, then Overnight SOFR + 1.555%), 07/19/2035   485,000     487,335
6.296%, (6.296% to 10-18-27, then Overnight SOFR + 2.240%), 10/18/2028   1,050,000     1,072,330
Nasdaq, Inc.
1.650%, 01/15/2031 (B)
  500,000     439,193
National Rural Utilities Cooperative Finance Corp.
4.023%, 11/01/2032
  740,000     707,540
 
The accompanying notes are an integral part of the financial statements. 115  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
NatWest Group PLC          
4.964%, (4.964% to 8-15-29, then 1 Year CMT + 1.220%), 08/15/2030 $ 315,000   $ 315,935
5.115%, (5.115% to 5-23-30, then 1 Year CMT + 1.050%), 05/23/2031   300,000     301,754
5.778%, (5.778% to 3-1-34, then 1 Year CMT + 1.500%), 03/01/2035   210,000     217,766
Nomura Holdings, Inc.
3.103%, 01/16/2030
  1,050,000     986,991
PayPal Holdings, Inc.          
2.300%, 06/01/2030   455,000     416,063
2.850%, 10/01/2029 (B)   500,000     471,956
Prudential Financial, Inc.
4.350%, 02/25/2050
  300,000     242,837
Raymond James Financial, Inc.
4.950%, 07/15/2046
  525,000     468,978
Royal Bank of Canada          
2.300%, 11/03/2031   850,000     758,605
4.900%, 01/12/2028 (B)   300,000     302,138
S&P Global, Inc.
2.900%, 03/01/2032
  640,000     580,265
Santander Holdings USA, Inc.
4.400%, 07/13/2027
  250,000     249,724
State Street Corp.
5.159%, (5.159% to 5-18-33, then Overnight SOFR + 1.890%), 05/18/2034 (B)
  740,000     747,821
Sumitomo Mitsui Financial Group, Inc.          
3.364%, 07/12/2027   760,000     753,050
5.558%, 07/09/2034   375,000     384,313
5.710%, 01/13/2030   350,000     360,227
The Allstate Corp.          
4.200%, 12/15/2046   300,000     242,918
5.250%, 03/30/2033   250,000     254,319
The Bank of New York Mellon Corp.
4.596%, (4.596% to 7-26-29, then Overnight SOFR + 1.755%), 07/26/2030
  240,000     239,977
The Bank of Nova Scotia
4.850%, 02/01/2030
  715,000     719,689
The Charles Schwab Corp.          
3.200%, 01/25/2028   330,000     324,099
5.853%, (5.853% to 5-19-33, then Overnight SOFR + 2.500%), 05/19/2034   320,000     334,375
The Goldman Sachs Group, Inc.          
2.600%, 02/07/2030   720,000     669,411
2.650%, (2.650% to 10-21-31, then Overnight SOFR + 1.264%), 10/21/2032   405,000     360,431
3.102%, (3.102% to 2-24-32, then Overnight SOFR + 1.410%), 02/24/2033   1,000,000     905,739
3.210%, (3.210% to 4-22-41, then Overnight SOFR + 1.513%), 04/22/2042   1,035,000     781,909
4.482%, (4.482% to 8-23-27, then Overnight SOFR + 1.725%), 08/23/2028   1,000,000     999,050
5.727%, (5.727% to 4-25-29, then Overnight SOFR + 1.265%), 04/25/2030   600,000     614,896
The PNC Financial Services Group, Inc.          
3.450%, 04/23/2029   1,060,000     1,030,786
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
The PNC Financial Services
Group, Inc. (continued)
         
4.899%, (4.899% to 5-13-30, then Overnight SOFR + 1.333%), 05/13/2031 $ 320,000   $ 321,731
The Toronto-Dominion Bank
2.000%, 09/10/2031 (B)
  830,000     734,397
The Travelers Companies, Inc.          
4.050%, 03/07/2048   300,000     239,776
5.050%, 07/24/2035   300,000     299,229
Truist Financial Corp.          
1.125%, 08/03/2027   525,000     507,040
5.435%, (5.435% to 1-24-29, then Overnight SOFR + 1.620%), 01/24/2030   525,000     533,759
U.S. Bancorp          
5.384%, (5.384% to 1-23-29, then Overnight SOFR + 1.560%), 01/23/2030   630,000     640,705
5.836%, (5.836% to 6-10-33, then Overnight SOFR + 2.260%), 06/12/2034   630,000     656,874
Visa, Inc.          
2.050%, 04/15/2030   635,000     583,768
4.300%, 12/14/2045   488,000     418,478
Wells Fargo & Company          
2.572%, (2.572% to 2-11-30, then 3 month CME Term SOFR + 1.262%), 02/11/2031   2,035,000     1,884,032
3.068%, (3.068% to 4-30-40, then Overnight SOFR + 2.530%), 04/30/2041   1,600,000     1,221,858
3.350%, (3.350% to 3-2-32, then Overnight SOFR + 1.500%), 03/02/2033   1,035,000     951,419
Westpac Banking Corp.          
4.354%, 07/01/2030 (B)   300,000     299,043
5.618%, (5.618% to 11-20-34, then 1 Year CMT + 1.200%), 11/20/2035   500,000     504,115
          77,821,758
Health care – 2.7%          
Abbott Laboratories          
4.750%, 11/30/2036   330,000     322,064
5.500%, 03/15/2056   674,000     660,087
AbbVie, Inc.          
3.200%, 11/21/2029   1,030,000     986,267
4.400%, 11/06/2042   690,000     606,604
4.950%, 03/15/2031 (B)   200,000     202,834
5.050%, 03/15/2034   275,000     277,966
Amgen, Inc.          
4.400%, 05/01/2045   260,000     220,269
4.663%, 06/15/2051   494,000     419,723
5.250%, 03/02/2033   1,210,000     1,231,286
Astrazeneca Finance LLC          
4.900%, 03/03/2030   250,000     253,293
5.000%, 02/26/2034   250,000     252,489
Baxter International, Inc.
3.950%, 04/01/2030
  530,000     512,080
Biogen, Inc.
3.250%, 02/15/2051
  591,000     389,075
Boston Scientific Corp.          
2.650%, 06/01/2030   525,000     487,402
4.000%, 03/01/2028   50,000     49,712
Bristol-Myers Squibb Company          
3.250%, 08/01/2042   545,000     413,283
 
The accompanying notes are an integral part of the financial statements. 116  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
Bristol-Myers
Squibb Company (continued)
         
4.550%, 02/20/2048 $ 300,000   $ 256,318
5.200%, 02/22/2034   420,000     428,318
Cardinal Health, Inc.
5.125%, 02/15/2029
  525,000     531,106
Centene Corp.
4.250%, 12/15/2027
  290,000     288,477
CVS Health Corp.          
4.300%, 03/25/2028   719,000     715,170
5.050%, 03/25/2048   520,000     459,303
5.450%, 09/15/2035   516,000     522,675
DH Europe Finance II Sarl
3.250%, 11/15/2039
  300,000     240,906
Dignity Health
4.500%, 11/01/2042
  300,000     260,760
Elevance Health, Inc.          
4.101%, 03/01/2028 (B)   370,000     367,432
4.600%, 09/15/2032   250,000     245,333
4.650%, 08/15/2044   150,000     130,483
6.100%, 10/15/2052   353,000     362,015
Eli Lilly & Company          
2.250%, 05/15/2050   530,000     303,223
4.750%, 02/12/2030   275,000     277,913
5.100%, 02/12/2035   200,000     203,141
5.500%, 02/12/2055   250,000     248,450
Evernorth Health, Inc.
6.125%, 11/15/2041
  330,000     326,229
GE HealthCare Technologies, Inc.
5.857%, 03/15/2030
  250,000     259,034
Gilead Sciences, Inc.          
4.500%, 02/01/2045   250,000     217,506
5.100%, 06/15/2035 (B)   375,000     378,133
GlaxoSmithKline Capital, Inc.          
3.875%, 05/15/2028 (B)   225,000     223,367
6.375%, 05/15/2038   230,000     253,202
HCA, Inc.          
3.500%, 09/01/2030   275,000     260,875
5.500%, 06/15/2047   420,000     391,330
5.600%, 04/01/2034   530,000     541,176
6.200%, 03/01/2055   317,000     322,750
Humana, Inc.
5.550%, 05/01/2035
  421,000     421,579
Johnson & Johnson          
2.100%, 09/01/2040   500,000     349,962
5.850%, 07/15/2038   315,000     340,815
Laboratory Corp. of America Holdings
2.950%, 12/01/2029
  530,000     501,230
McKesson Corp.
4.950%, 05/30/2032
  220,000     221,897
Medtronic, Inc.
4.375%, 03/15/2035
  530,000     509,271
Merck & Company, Inc.          
2.150%, 12/10/2031   350,000     308,889
5.000%, 05/17/2053   250,000     227,776
Merck Sharp & Dohme Corp.
6.400%, 03/01/2028
  540,000     556,599
Pfizer Investment Enterprises Pte, Ltd.          
4.650%, 05/19/2030   400,000     401,235
4.750%, 05/19/2033   350,000     346,637
5.300%, 05/19/2053   1,000,000     942,076
Pfizer, Inc.
4.400%, 05/15/2044
  304,000     265,186
Quest Diagnostics, Inc.          
4.200%, 06/30/2029   320,000     316,532
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Health care (continued)          
Quest Diagnostics, Inc. (continued)          
4.700%, 03/30/2045 $ 320,000   $ 286,515
Regeneron Pharmaceuticals, Inc.
2.800%, 09/15/2050
  1,050,000     639,340
Royalty Pharma PLC
5.200%, 09/25/2035
  200,000     198,157
Solventum Corp.          
5.450%, 03/13/2031   300,000     307,101
5.600%, 03/23/2034   100,000     102,344
Stryker Corp.
4.625%, 03/15/2046
  370,000     325,961
Takeda Pharmaceutical Company, Ltd.
5.300%, 07/05/2034 (B)
  525,000     531,026
Takeda US Financing, Inc.
5.900%, 07/07/2055
  300,000     302,888
The Cigna Group
4.375%, 10/15/2028
  530,000     527,804
Thermo Fisher Scientific, Inc.          
2.000%, 10/15/2031 (B)   400,000     351,598
5.404%, 08/10/2043   225,000     222,433
UnitedHealth Group, Inc.          
2.300%, 05/15/2031   530,000     474,532
2.900%, 05/15/2050   400,000     255,347
4.375%, 03/15/2042   60,000     52,212
4.450%, 12/15/2048   300,000     250,353
5.350%, 02/15/2033 (B)   700,000     718,347
5.800%, 03/15/2036   350,000     368,163
5.950%, 06/15/2055   250,000     257,625
Zimmer Biomet Holdings, Inc.
5.050%, 02/19/2030
  400,000     405,385
Zoetis, Inc.
2.000%, 05/15/2030
  330,000     298,537
          28,884,411
Industrials – 2.2%          
3M Company
5.150%, 03/15/2035
  520,000     525,791
AerCap Ireland Capital DAC          
3.300%, 01/30/2032   550,000     502,741
3.850%, 10/29/2041   250,000     201,311
4.625%, 09/10/2029   250,000     248,835
5.750%, 06/06/2028   1,000,000     1,019,363
American Airlines 2016-2 Class AA Pass Through Trust
3.200%, 06/15/2028
  185,460     179,907
Automatic Data Processing, Inc.
4.450%, 09/09/2034
  545,000     531,082
Burlington Northern Santa Fe LLC
4.400%, 03/15/2042
  370,000     328,650
Canadian Pacific Railway Company
2.875%, 11/15/2029
  500,000     474,027
Carrier Global Corp.          
2.493%, 02/15/2027   215,000     212,586
3.577%, 04/05/2050   170,000     123,757
Caterpillar, Inc.          
2.600%, 04/09/2030   560,000     524,938
3.250%, 04/09/2050   425,000     299,614
CNH Industrial Capital LLC
4.550%, 04/10/2028
  525,000     523,584
CSX Corp.          
3.800%, 04/15/2050   1,035,000     786,354
4.250%, 03/15/2029   430,000     426,830
Deere & Company          
3.100%, 04/15/2030   540,000     513,182
5.700%, 01/19/2055   304,000     312,480
 
The accompanying notes are an integral part of the financial statements. 117  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
Eaton Capital ULC
4.450%, 05/09/2030
$ 340,000   $ 338,137
Equifax, Inc.
3.100%, 05/15/2030
  855,000     802,469
Fedex Freight Holding Company, Inc.
5.250%, 03/15/2036 (C)
  558,000     543,500
General Dynamics Corp.
3.625%, 04/01/2030
  525,000     507,781
General Electric Company          
4.500%, 03/11/2044   200,000     178,346
6.750%, 03/15/2032   66,000     72,673
6.875%, 01/10/2039   198,000     228,893
Honeywell Aerospace, Inc.
4.600%, 03/16/2033 (C)
  641,000     629,138
Honeywell International, Inc.
1.950%, 06/01/2030
  525,000     475,082
Ingersoll Rand, Inc.          
5.400%, 08/14/2028   200,000     202,999
5.700%, 08/14/2033   220,000     228,750
Johnson Controls, Inc.
5.700%, 03/01/2041
  150,000     147,528
L3Harris Technologies, Inc.
2.900%, 12/15/2029
  300,000     283,313
Lockheed Martin Corp.
3.800%, 03/01/2045
  425,000     338,258
Norfolk Southern Corp.
4.837%, 10/01/2041
  260,000     241,903
Northrop Grumman Corp.          
3.250%, 01/15/2028   125,000     122,832
4.400%, 05/01/2030   200,000     198,826
Regal Rexnord Corp.
6.050%, 04/15/2028
  310,000     316,528
Republic Services, Inc.
2.375%, 03/15/2033
  415,000     359,570
RTX Corp.          
4.625%, 11/16/2048   525,000     455,375
6.000%, 03/15/2031   500,000     527,621
6.125%, 07/15/2038   225,000     242,569
Southwest Airlines Company
5.125%, 06/15/2027
  520,000     522,137
Stanley Black & Decker, Inc.          
2.750%, 11/15/2050   330,000     195,179
4.250%, 11/15/2028   100,000     99,241
Sumisho Air Lease Corp.          
3.125%, 12/01/2030   645,000     597,438
3.625%, 12/01/2027   400,000     394,413
The Boeing Company          
2.950%, 02/01/2030   440,000     413,981
3.750%, 02/01/2050   400,000     291,836
5.040%, 05/01/2027   200,000     200,573
5.805%, 05/01/2050   645,000     637,238
8.750%, 09/15/2031   90,000     105,017
TR Finance LLC
4.500%, 05/23/2043
  250,000     206,448
Trane Technologies Holdco, Inc.
4.300%, 02/21/2048
  600,000     499,702
Uber Technologies, Inc.
4.300%, 01/15/2030 (B)
  535,000     528,753
Union Pacific Corp.          
3.799%, 10/01/2051   343,000     258,061
3.799%, 04/06/2071   800,000     549,975
4.500%, 01/20/2033 (B)   530,000     525,329
United Airlines 2016-2 Class AA Pass Through Trust
2.875%, 10/07/2028
  174,241     167,722
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Industrials (continued)          
United Parcel Service, Inc.          
3.400%, 03/15/2029 $ 435,000   $ 423,725
5.950%, 05/14/2055 (B)   200,000     204,329
Verisk Analytics, Inc.
4.125%, 03/15/2029
  600,000     592,385
Waste Management, Inc.          
2.500%, 11/15/2050   320,000     191,563
4.950%, 07/03/2031   200,000     202,784
4.950%, 03/15/2035   275,000     274,370
          23,259,322
Information technology – 1.7%          
Amphenol Corp.
4.625%, 02/15/2036
  547,000     528,104
Analog Devices, Inc.          
2.100%, 10/01/2031   220,000     193,670
5.300%, 04/01/2054   200,000     190,488
Apple, Inc.          
1.650%, 05/11/2030   975,000     881,840
4.000%, 05/10/2028   250,000     248,997
4.100%, 08/08/2062   735,000     561,256
4.650%, 02/23/2046   325,000     290,695
4.850%, 05/10/2053   300,000     275,189
Applied Materials, Inc.
5.100%, 10/01/2035 (B)
  495,000     499,699
Broadcom, Inc.          
2.600%, 02/15/2033 (B)   800,000     695,414
3.137%, 11/15/2035 (C)   600,000     509,676
4.300%, 11/15/2032   700,000     678,015
4.800%, 10/15/2034   400,000     391,486
CDW LLC          
5.100%, 03/01/2030   200,000     199,571
5.550%, 08/22/2034   100,000     98,738
Cisco Systems, Inc.          
4.950%, 02/24/2032   250,000     253,099
5.900%, 02/15/2039   80,000     84,863
Corning, Inc.
4.750%, 03/15/2042
  200,000     183,026
Dell International LLC          
4.750%, 04/01/2028 (B)   245,000     245,692
5.400%, 04/15/2034   600,000     608,291
Eaton Corp.
3.103%, 09/15/2027
  500,000     493,355
Hewlett Packard Enterprise Company
6.200%, 10/15/2035 (B)
  425,000     456,404
HP, Inc.
6.000%, 09/15/2041 (B)
  525,000     527,891
IBM Corp.          
4.000%, 06/20/2042   210,000     171,657
5.600%, 11/30/2039   21,000     21,162
Intel Corp.          
2.000%, 08/12/2031   545,000     474,829
5.200%, 02/10/2033   1,030,000     1,041,351
Microsoft Corp.
2.525%, 06/01/2050
  1,538,000     914,591
Motorola Solutions, Inc.          
4.600%, 05/23/2029   175,000     174,498
5.400%, 04/15/2034   175,000     177,162
NVIDIA Corp.
2.000%, 06/15/2031
  425,000     379,150
NXP BV
3.400%, 05/01/2030
  520,000     495,296
Oracle Corp.          
2.875%, 03/25/2031   435,000     388,631
4.000%, 11/15/2047   400,000     266,529
4.125%, 05/15/2045   545,000     379,799
 
The accompanying notes are an integral part of the financial statements. 118  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
Oracle Corp. (continued)          
4.200%, 09/27/2029 $ 300,000   $ 291,797
4.700%, 09/27/2034   200,000     183,246
5.550%, 02/06/2053   315,000     253,736
5.700%, 02/04/2036   1,091,000     1,056,584
5.950%, 09/26/2055   543,000     461,451
Qualcomm, Inc.
1.650%, 05/20/2032 (B)
  626,000     530,534
Roper Technologies, Inc.
4.200%, 09/15/2028
  500,000     496,033
Salesforce, Inc.
2.700%, 07/15/2041
  445,000     303,841
Texas Instruments, Inc.          
3.875%, 03/15/2039 (B)   235,000     205,578
4.500%, 05/23/2030   200,000     199,949
VMware LLC
1.800%, 08/15/2028
  435,000     411,535
          18,374,398
Materials – 0.6%          
Avery Dennison Corp.
2.650%, 04/30/2030
  400,000     370,084
BHP Billiton Finance USA, Ltd.
5.750%, 09/05/2055
  514,000     521,653
Eastman Chemical Company
4.650%, 10/15/2044
  520,000     444,465
Ecolab, Inc.
2.700%, 12/15/2051
  516,000     314,557
Freeport-McMoRan, Inc.          
4.375%, 08/01/2028   225,000     223,364
5.400%, 11/14/2034   200,000     203,433
5.450%, 03/15/2043   325,000     314,241
International Paper Company
5.000%, 09/15/2035
  525,000     515,157
Kinross Gold Corp.
6.875%, 09/01/2041
  200,000     217,428
Martin Marietta Materials, Inc.
2.400%, 07/15/2031
  300,000     267,100
Newmont Corp.
5.350%, 03/15/2034
  250,000     256,516
Nucor Corp.
2.700%, 06/01/2030
  300,000     279,343
Rio Tinto Alcan, Inc.
6.125%, 12/15/2033
  115,000     122,802
Rio Tinto Finance USA PLC
4.750%, 03/22/2042
  285,000     263,189
Rio Tinto Finance USA, Ltd.
5.200%, 11/02/2040
  250,000     245,749
The Dow Chemical Company          
4.375%, 11/15/2042   420,000     338,711
9.400%, 05/15/2039   130,000     168,814
The Sherwin-Williams Company
5.150%, 08/15/2035
  311,000     311,845
Vulcan Materials Company
3.500%, 06/01/2030
  330,000     315,706
WRKCo, Inc.
4.900%, 03/15/2029
  265,000     266,058
          5,960,215
Real estate – 1.0%          
Alexandria Real Estate Equities, Inc.
1.875%, 02/01/2033
  415,000     338,757
American Homes 4 Rent LP          
3.625%, 04/15/2032   350,000     325,116
4.950%, 06/15/2030   190,000     190,514
American Tower Corp.          
3.800%, 08/15/2029   525,000     511,883
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Real estate (continued)          
American Tower Corp. (continued)          
4.050%, 03/15/2032 $ 345,000   $ 330,421
AvalonBay Communities, Inc.
2.050%, 01/15/2032
  420,000     367,144
Boston Properties LP
2.550%, 04/01/2032
  520,000     452,875
Brixmor Operating Partnership LP          
4.125%, 05/15/2029   500,000     492,598
5.200%, 04/01/2032   290,000     291,665
Crown Castle, Inc.
2.500%, 07/15/2031 (B)
  645,000     573,088
Digital Realty Trust LP
4.450%, 07/15/2028
  210,000     209,267
Equinix, Inc.
2.150%, 07/15/2030 (B)
  400,000     360,622
Essex Portfolio LP
3.000%, 01/15/2030
  215,000     202,931
Extra Space Storage LP
2.350%, 03/15/2032
  525,000     457,353
GLP Capital LP
5.300%, 01/15/2029
  630,000     632,953
Healthpeak OP LLC
3.500%, 07/15/2029
  420,000     405,483
Kimco Realty OP LLC
2.250%, 12/01/2031
  265,000     234,299
Mid-America Apartments LP
3.950%, 03/15/2029
  420,000     413,035
Prologis LP          
5.125%, 01/15/2034   290,000     292,015
5.250%, 06/15/2053 (B)   250,000     236,927
Public Storage Operating Company
4.375%, 07/01/2030
  250,000     248,370
Realty Income Corp.
3.250%, 01/15/2031
  200,000     188,078
Regency Centers LP
5.000%, 07/15/2032
  320,000     321,904
Simon Property Group LP          
3.375%, 06/15/2027   530,000     525,245
5.125%, 10/01/2035 (B)   250,000     250,502
Ventas Realty LP
2.500%, 09/01/2031
  200,000     177,920
VICI Properties LP          
5.125%, 05/15/2032   200,000     198,356
5.625%, 04/01/2035   170,000     170,072
Welltower OP LLC          
2.750%, 01/15/2031   325,000     299,071
5.125%, 07/01/2035   250,000     250,950
          9,949,414
Utilities – 2.3%          
AEP Transmission Company LLC
3.750%, 12/01/2047
  420,000     317,441
Ameren Corp.
3.500%, 01/15/2031
  860,000     815,046
American Electric Power Company, Inc.
5.625%, 03/01/2033
  170,000     176,147
American Water Capital Corp.
4.300%, 09/01/2045
  365,000     306,303
Arizona Public Service Company
3.350%, 05/15/2050
  520,000     352,079
Baltimore Gas & Electric Company
4.550%, 06/01/2052
  700,000     580,776
Berkshire Hathaway Energy Company          
4.500%, 02/01/2045   680,000     582,099
6.125%, 04/01/2036   456,000     486,516
 
The accompanying notes are an integral part of the financial statements. 119  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
CenterPoint Energy, Inc.
2.950%, 03/01/2030
$ 336,000   $ 315,719
Consolidated Edison Company of New
York, Inc.
         
5.500%, 03/15/2034   270,000     279,337
5.875%, 06/15/2056   570,000     573,012
Constellation Energy Generation LLC          
6.125%, 01/15/2034   185,000     196,456
6.250%, 10/01/2039   160,000     168,863
Consumers Energy Company
2.650%, 08/15/2052
  684,000     408,844
Dominion Energy South Carolina, Inc.
4.600%, 06/15/2043
  395,000     352,381
Dominion Energy, Inc.
3.375%, 04/01/2030
  530,000     505,968
DTE Electric Company          
3.750%, 08/15/2047   300,000     229,903
5.200%, 04/01/2033   250,000     255,360
Duke Energy Carolinas LLC
6.000%, 01/15/2038
  300,000     317,836
Duke Energy Corp.          
2.450%, 06/01/2030   725,000     666,892
4.800%, 12/15/2045   500,000     437,456
5.000%, 08/15/2052   630,000     548,245
5.750%, 09/15/2033   500,000     521,214
Duke Energy Progress NC Storm Funding II LLC
4.890%, 01/01/2046
  500,000     488,411
Entergy Texas, Inc.
1.750%, 03/15/2031
  730,000     639,014
Essential Utilities, Inc.
4.276%, 05/01/2049
  415,000     331,050
Eversource Energy
4.250%, 04/01/2029
  330,000     326,760
Exelon Corp.          
4.950%, 06/15/2035 (B)   225,000     218,669
5.100%, 06/15/2045   350,000     319,441
5.125%, 03/15/2031   200,000     202,668
FirstEnergy Corp.
2.650%, 03/01/2030
  375,000     346,991
Florida Power & Light Company
5.650%, 02/01/2037
  315,000     329,108
Georgia Power Company          
4.950%, 05/17/2033   330,000     332,001
5.950%, 02/01/2039   335,000     344,839
Indiana Michigan Power Company          
3.850%, 05/15/2028   400,000     395,016
6.050%, 03/15/2037   207,000     218,732
NextEra Energy Capital Holdings, Inc.          
2.440%, 01/15/2032   730,000     643,789
5.250%, 02/28/2053   725,000     658,424
5.550%, 03/15/2054   220,000     208,618
NiSource, Inc.          
3.950%, 03/30/2048   300,000     229,108
5.400%, 06/30/2033   950,000     975,759
Oncor Electric Delivery Company LLC          
4.550%, 09/15/2032   115,000     113,222
7.500%, 09/01/2038   188,000     223,019
Pacific Gas & Electric Company          
2.500%, 02/01/2031   400,000     358,869
3.750%, 07/01/2028   30,000     29,470
4.550%, 07/01/2030   257,000     253,059
4.950%, 07/01/2050   757,000     632,021
5.800%, 05/15/2034   355,000     362,891
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Utilities (continued)          
PacifiCorp
6.000%, 01/15/2039
$ 335,000   $ 341,670
PPL Electric Utilities Corp.
5.000%, 05/15/2033
  265,000     266,825
Public Service Company of Colorado
3.600%, 09/15/2042
  520,000     406,505
Public Service Electric & Gas Company
3.100%, 03/15/2032
  300,000     275,973
San Diego Gas & Electric Company
6.125%, 09/15/2037
  202,000     214,580
Sempra
3.400%, 02/01/2028
  200,000     196,256
Southern California Edison Company          
2.250%, 06/01/2030   755,000     685,053
5.350%, 07/15/2035   130,000     128,123
Southern California Gas Company
6.350%, 11/15/2052
  430,000     456,339
The Connecticut Light & Power Company
4.300%, 04/15/2044
  255,000     215,672
The Southern Company          
3.700%, 04/30/2030 (B)   310,000     299,544
4.400%, 07/01/2046   420,000     351,029
5.700%, 03/15/2034   300,000     310,782
Virginia Electric & Power Company          
4.625%, 05/15/2052   270,000     227,872
8.875%, 11/15/2038   190,000     248,276
Wisconsin Electric Power Company
4.750%, 09/30/2032
  220,000     220,545
Xcel Energy, Inc.
4.600%, 06/01/2032
  630,000     618,689
          24,038,575
TOTAL CORPORATE BONDS (Cost $268,866,474)     $ 257,702,056
MUNICIPAL BONDS – 0.3%          
Bay Area Toll Authority (California)
6.907%, 10/01/2050
  50,000     56,021
Illinois State Toll Highway Authority
6.184%, 01/01/2034
  150,000     157,792
Metropolitan Washington Airports Authority
7.462%, 10/01/2046
  40,000     47,007
New Jersey Turnpike Authority
7.102%, 01/01/2041
  90,000     102,703
New York City Transitional Finance Authority
5.588%, 05/01/2038
  500,000     516,511
New York State Dormitory Authority
5.628%, 03/15/2039
  310,000     314,877
New York State Urban Development Corp.
5.770%, 03/15/2039
  200,000     203,934
Oklahoma Development Finance Authority
4.380%, 11/01/2045
  500,000     471,343
State of California, GO
7.300%, 10/01/2039
  400,000     456,445
State of California, GO
7.500%, 04/01/2034
  80,000     90,969
State of Illinois, GO
5.100%, 06/01/2033
  91,699     92,638
State of Illinois, GO
7.350%, 07/01/2035
  200,000     213,770
 
The accompanying notes are an integral part of the financial statements. 120  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
MUNICIPAL BONDS (continued)          
State of Texas, GO
5.517%, 04/01/2039
$ 243,700   $ 246,935
Texas Transportation Commission State Highway Fund
5.178%, 04/01/2030
  310,000     316,262
TOTAL MUNICIPAL BONDS (Cost $3,240,194)   $ 3,287,207
COLLATERALIZED MORTGAGE OBLIGATIONS – 1.1%      
Commercial and residential – 1.1%          
BANK          
Series 2017-BNK6, Class A4,
3.254%, 07/15/2060
  1,676,211     1,657,341
Series 2022-BNK39, Class A4,
2.928%, 02/15/2055 (D)
  2,000,000     1,805,833
BBCMS Mortgage Trust
Series 2024-5C29, Class AS
5.627%, 09/15/2057
  1,500,000     1,514,667
BMO Mortgage Trust
Series 2022-C1, Class A5
3.374%, 02/15/2055 (D)
  2,000,000     1,840,310
CD Mortgage Trust
Series 2017-CD3, Class A4
3.631%, 02/10/2050
  1,090,000     1,073,396
GS Mortgage Securities Trust          
Series 2016-GS4, Class A3,
3.178%, 11/10/2049
  89,079     88,965
Series 2017-GS5, Class A3,
3.409%, 03/10/2050
  1,930,755     1,920,048
Morgan Stanley Capital Trust
Series 2021-L5, Class A4
2.728%, 05/15/2054
  2,000,000     1,809,707
          11,710,267
U.S. Government Agency – 0.0%          
Federal Home Loan Mortgage Corp.
Series K755, Class A2
5.203%, 02/25/2031
  600,000     616,627
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $12,616,410)   $ 12,326,894
ASSET-BACKED SECURITIES – 0.4%      
Carmax Auto Owner Trust
Series 2022-4, Class A4
5.700%, 07/17/2028
  858,301     861,262
Carvana Auto Receivables Trust
Series 2024-P2, Class A4
5.210%, 06/10/2030
  1,000,000     1,009,565
CNH Equipment Trust
Series 2023-B, Class A4
5.460%, 03/17/2031
  600,000     609,466
SMB Private Education Loan Trust
Series 2021-E, Class A1A
1.680%, 02/15/2051 (C)
  520,016     492,696
Toyota Auto Receivables Owner Trust
Series 2023-B, Class A4
4.660%, 09/15/2028
  1,250,000     1,253,509
TOTAL ASSET-BACKED SECURITIES (Cost $4,284,712)     $ 4,226,498
Total Bond Market Trust (continued)
    Shares or
Principal
Amount
  Value
SHORT-TERM INVESTMENTS – 2.1%      
Short-term funds – 2.1%          
John Hancock Collateral Trust, 3.6026% (E)(F)   2,180,850   $ 21,807,187
TOTAL SHORT-TERM INVESTMENTS (Cost $21,807,794)   $ 21,807,187
Total Investments (Total Bond Market Trust)
(Cost $1,123,079,079) – 100.3%
  $ 1,065,376,326
Other assets and liabilities, net – (0.3%)       (3,195,730)
TOTAL NET ASSETS – 100.0%       $ 1,062,180,596
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
GO General Obligation
IBOR Interbank Offered Rate
SOFR Secured Overnight Financing Rate
(A) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) All or a portion of this security is on loan as of 6-30-26.
(C) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(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) The rate shown is the annualized seven-day yield as of 6-30-26.
(F) Investment is an affiliate of the portfolio, 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 $12,206,015.
Ultra Short Term Bond Trust
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS –
0.4%
     
U.S. Government Agency – 0.4%          
Federal Home Loan Mortgage Corp.          
5.515%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.515%), 12/01/2035 (A) $ 7,308   $ 7,464
5.790%, (1 Year CMT + 2.165%), 11/01/2036 (A)   19,950     20,408
5.815%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.565%), 12/01/2036 (A)   17,170     17,624
5.846%, (1 Year CMT + 2.107%), 12/01/2035 (A)   40,187     41,291
5.856%, (1 Year CMT + 2.231%), 05/01/2034 (A)   40,744     41,812
5.874%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.537%), 02/01/2036 (A)   20,985     21,455
5.915%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.593%), 05/01/2037 (A)   30,198     30,892
6.072%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.447%), 06/01/2036 (A)   11,427     11,691
6.354%, (1 Year CMT + 2.295%), 08/01/2035 (A)   36,951     38,147
 
The accompanying notes are an integral part of the financial statements. 121  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
U.S. GOVERNMENT AND AGENCY
OBLIGATIONS (continued)
     
U.S. Government Agency (continued)          
Federal National Mortgage Association          
5.503%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.484%), 10/01/2035 (A) $ 41,028   $ 41,981
5.600%, (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.527%), 02/01/2035 (A)   21,417     21,912
5.768%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.295%), 10/01/2038 (A)   10,570     10,758
5.830%, (1 Year CMT + 2.159%), 01/01/2036 (A)   46,925     48,259
5.832%, (1 Year CMT + 2.205%), 05/01/2036 (A)   82,235     84,742
5.836%, (1 Year CMT + 2.191%), 02/01/2035 (A)   55,463     57,165
5.921%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.431%), 04/01/2035 (A)   117,314     119,883
5.929%, (1 Year Refinitiv USD IBOR Consumer Cash Fallback Rate + 1.565%), 07/01/2035 (A)   62,558     63,930
5.950%, (1 Year CMT + 2.333%), 05/01/2034 (A)   32,035     33,035
5.974%, (1 Year CMT + 2.159%), 01/01/2036 (A)   13,546     13,950
6.015%, (1 Year CMT + 2.281%), 07/01/2035 (A)   39,120     40,230
          766,629
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $787,177)   $ 766,629
CORPORATE BONDS – 55.3%      
Communication services – 2.7%          
AT&T, Inc.
4.100%, 02/15/2028
  1,500,000     1,488,606
Meta Platforms, Inc.
4.600%, 05/15/2028
  1,500,000     1,507,526
Netflix, Inc.          
4.375%, 11/15/2026   930,000     930,699
5.875%, 11/15/2028   1,500,000     1,547,459
          5,474,290
Consumer discretionary – 3.7%          
American Honda Finance Corp.          
2.300%, 09/09/2026   700,000     697,418
4.450%, 10/22/2027   500,000     499,284
General Motors Financial Company, Inc.
5.050%, 04/04/2028
  2,000,000     2,011,998
Hyundai Capital America
5.250%, 01/08/2027 (B)
  2,000,000     2,008,211
Mercedes-Benz Finance North America LLC
5.200%, 08/03/2026 (B)
  1,400,000     1,401,331
Royal Caribbean Cruises, Ltd.
7.500%, 10/15/2027
  1,000,000     1,036,200
          7,654,442
Consumer staples – 1.4%          
Kraft Heinz Foods Company
3.875%, 05/15/2027 (C)
  991,000     987,015
Mars, Inc.
4.600%, 03/01/2028 (B)
  2,000,000     2,003,546
          2,990,561
Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Energy – 4.6%          
Baker Hughes Holdings LLC
3.337%, 12/15/2027
$ 2,000,000   $ 1,969,489
Enbridge, Inc.
4.600%, 06/20/2028
  1,150,000     1,149,349
Energy Transfer LP
5.500%, 06/01/2027
  1,099,000     1,106,213
Enterprise Products Operating LLC
4.300%, 06/20/2028
  2,000,000     1,992,795
MPLX LP
4.000%, 03/15/2028
  1,550,000     1,535,115
Phillips 66 Company
3.550%, 10/01/2026
  1,131,000     1,129,017
Spectra Energy Partners LP
3.375%, 10/15/2026
  680,000     678,037
          9,560,015
Financials – 23.1%          
American Express Company
5.043%, (5.043% to 7-26-27, then Overnight SOFR + 0.930%), 07/26/2028
  2,000,000     2,011,370
Ares Capital Corp.
2.875%, 06/15/2028 (C)
  1,250,000     1,196,002
Athene Global Funding
4.830%, 05/09/2028 (B)
  2,000,000     1,995,290
Augusta SpinCo Corp.
4.321%, 09/23/2027
  2,000,000     1,995,036
Bank of Montreal
4.062%, (4.062% to 9-22-27, then SOFR Compounded Index + 0.750%), 09/22/2028
  2,000,000     1,988,929
Blackstone Private Credit Fund
2.625%, 12/15/2026
  1,092,000     1,080,137
Blackstone Secured Lending Fund
2.125%, 02/15/2027
  1,108,000     1,086,871
BNP Paribas SA
4.400%, 08/14/2028 (B)
  2,000,000     1,986,739
Credit Agricole SA
4.631%, (4.631% to 9-11-27, then Overnight SOFR + 1.210%), 09/11/2028 (B)
  2,500,000     2,499,220
Fifth Third Bank NA          
4.967%, (4.967% to 1-28-27, then Overnight SOFR + 0.810%), 01/28/2028   2,000,000     2,005,010
7.875%, 09/15/2026   1,500,000     1,510,293
ING Groep NV
3.950%, 03/29/2027
  1,804,000     1,800,376
JPMorgan Chase & Co.
4.851%, (4.851% to 7-25-27, then Overnight SOFR + 1.990%), 07/25/2028
  2,845,000     2,853,263
KeyCorp
2.250%, 04/06/2027
  1,500,000     1,475,416
Morgan Stanley          
2.475%, (2.475% to 1-21-27, then Overnight SOFR + 1.000%), 01/21/2028   500,000     494,581
3.950%, 04/23/2027   922,000     918,998
5.652%, (5.652% to 4-13-27, then Overnight SOFR + 1.010%), 04/13/2028 (C)   600,000     605,130
National Securities Clearing Corp.
4.350%, 06/09/2028 (B)
  1,000,000     999,036
PNC Bank NA
3.100%, 10/25/2027
  2,000,000     1,967,380
 
The accompanying notes are an integral part of the financial statements. 122  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Financials (continued)          
Sammons Financial Group Global Funding
5.050%, 01/10/2028 (B)
$ 1,500,000   $ 1,503,277
Santander Holdings USA, Inc.
3.244%, 10/05/2026
  3,000,000     2,991,527
Sixth Street Specialty Lending, Inc.
2.500%, 08/01/2026 (C)
  583,000     581,499
Societe Generale SA
5.250%, 02/19/2027 (B)
  1,000,000     1,004,882
The Goldman Sachs Group, Inc.
4.937%, (4.937% to 4-23-27, then Overnight SOFR + 1.319%), 04/23/2028
  2,000,000     2,005,698
The Toronto-Dominion Bank
5.523%, 07/17/2028
  1,500,000     1,528,734
Truist Bank
4.420%, (4.420% to 7-24-27, then Overnight SOFR + 0.770%), 07/24/2028
  2,000,000     1,997,676
U.S. Bancorp
4.548%, (4.548% to 7-22-27, then Overnight SOFR + 1.660%), 07/22/2028
  2,000,000     2,000,295
UBS Group AG
4.282%, 01/09/2028 (B)
  1,497,000     1,490,266
Wells Fargo & Company          
3.000%, 10/23/2026   931,000     927,228
4.808%, (4.808% to 7-25-27, then Overnight SOFR + 1.980%), 07/25/2028   1,000,000     1,002,731
          47,502,890
Health care – 5.8%          
AbbVie, Inc.
4.650%, 03/15/2028
  2,000,000     2,008,603
Amgen, Inc.
2.600%, 08/19/2026
  1,045,000     1,042,806
CVS Health Corp.
4.300%, 03/25/2028
  2,000,000     1,989,346
Pfizer Investment Enterprises Pte, Ltd.
4.450%, 05/19/2028
  2,500,000     2,501,812
Royalty Pharma PLC
1.750%, 09/02/2027
  1,180,000     1,142,938
Solventum Corp.
5.450%, 02/25/2027
  1,141,000     1,148,302
UnitedHealth Group, Inc.
4.400%, 06/15/2028
  2,000,000     1,998,926
          11,832,733
Industrials – 3.2%          
AerCap Ireland Capital DAC          
6.100%, 01/15/2027   655,000     659,844
6.450%, 04/15/2027   1,941,000     1,965,759
CSX Corp.
2.600%, 11/01/2026
  2,000,000     1,989,526
The Boeing Company          
3.250%, 02/01/2028   800,000     783,070
5.040%, 05/01/2027   1,152,000     1,155,300
          6,553,499
Information technology – 3.0%          
Broadcom, Inc.          
3.459%, 09/15/2026   896,000     894,753
4.800%, 04/15/2028 (C)   1,000,000     1,005,594
Dell International LLC          
5.250%, 02/01/2028   500,000     505,375
6.100%, 07/15/2027   772,000     784,367
Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
CORPORATE BONDS (continued)      
Information technology (continued)          
NVIDIA Corp.
4.250%, 06/15/2028
$ 500,000   $ 498,975
Oracle Corp.
4.800%, 08/03/2028
  1,000,000     997,930
Salesforce, Inc.
4.500%, 03/15/2028
  1,500,000     1,498,107
          6,185,101
Materials – 0.7%          
Glencore Funding LLC
4.000%, 03/27/2027 (B)
  1,500,000     1,494,863
Real estate – 2.2%          
American Tower Corp.          
3.375%, 10/15/2026 (C)   901,000     898,507
5.800%, 11/15/2028   500,000     512,310
Realty Income Corp.
3.650%, 01/15/2028
  1,600,000     1,580,451
VICI Properties LP          
4.500%, 09/01/2026 (B)   1,138,000     1,137,317
4.750%, 02/15/2028   350,000     349,888
          4,478,473
Utilities – 4.9%          
American Electric Power Company, Inc.
5.750%, 11/01/2027
  2,000,000     2,030,612
Duke Energy Corp.
4.850%, 01/05/2027
  895,000     897,586
Enel Finance International NV
3.625%, 05/25/2027 (B)
  1,000,000     991,509
NextEra Energy Capital Holdings, Inc.
4.685%, 09/01/2027
  2,000,000     2,004,577
Pacific Gas & Electric Company
2.100%, 08/01/2027
  1,000,000     973,599
Sempra
3.400%, 02/01/2028
  1,500,000     1,471,923
The Southern Company          
3.250%, 07/01/2026   684,000     684,000
4.850%, 06/15/2028   950,000     955,579
          10,009,385
TOTAL CORPORATE BONDS (Cost $113,909,692)     $ 113,736,252
COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%      
Commercial and residential – 0.0%          
Towd Point Mortgage Trust
Series 2016-4, Class M1
3.250%, 07/25/2056 (B)(D)
  29,091     28,995
U.S. Government Agency – 0.2%          
Federal National Mortgage Association
Series 2013-10, Class FT (30 day Average SOFR + 0.464%)
4.092%, 04/25/2042 (A)
  277,679     275,735
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $306,965)   $ 304,730
ASSET-BACKED SECURITIES – 22.7%      
Ally Bank Auto Credit-Linked Notes          
Series 2024-A, Class A2
5.681%, 05/17/2032 (B)
  687,451     694,565
Series 2024-B, Class A2
4.970%, 09/15/2032 (B)
  110,519     110,949
Amur Equipment Finance Receivables XIII LLC
Series 2024-1A, Class A2
5.380%, 01/21/2031 (B)
  454,470     456,719
 
The accompanying notes are an integral part of the financial statements. 123  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
ARI Fleet Lease Trust          
Series 2024-A, Class A2
5.300%, 11/15/2032 (B)
$ 204,938   $ 205,469
Series 2024-A, Class A3
5.000%, 11/15/2032 (B)
  333,000     334,989
Series 2024-B, Class A3
5.260%, 04/15/2033 (B)
  605,000     610,630
Series 2025-B, Class A2
4.590%, 03/15/2034 (B)
  565,677     566,623
AutoNation Finance Trust
Series 2025-1A, Class A3
4.620%, 11/13/2029 (B)
  504,000     505,091
Barings Equipment Finance LLC
Series 2026-A, Class A2
3.890%, 04/13/2029 (B)
  700,000     696,748
BMW Vehicle Lease Trust
Series 2025-1, Class A2A
4.430%, 09/27/2027
  305,515     305,737
BMW Vehicle Owner Trust
Series 2023-A, Class A4
5.250%, 11/26/2029
  600,000     604,234
Capital One Prime Auto Receivables Trust
Series 2024-1, Class A3
4.620%, 07/16/2029
  471,226     472,473
CarMax Auto Owner Trust          
Series 2023-1, Class A3
4.750%, 10/15/2027
  23,704     23,712
Series 2023-2, Class A4
5.010%, 11/15/2028
  1,070,000     1,074,266
Series 2024-4, Class A3
4.600%, 10/15/2029
  430,256     431,237
Series 2025-1, Class A3
4.840%, 01/15/2030
  798,000     801,883
Series 2025-2, Class A3
4.480%, 03/15/2030
  598,000     598,664
Series 2025-4, Class A2A
3.950%, 03/15/2029
  331,293     330,728
Series 2026-1, Class A3
4.040%, 03/17/2031
  600,000     595,614
Carvana Auto Receivables Trust          
Series 2021-P4, Class A4
1.640%, 12/10/2027
  75,219     75,038
Series 2023-P2, Class A4
5.380%, 03/12/2029 (B)
  650,000     654,096
Series 2026-P1, Class A2
4.100%, 06/11/2029
  511,000     510,000
Chase Auto Owner Trust          
Series 2022-AA, Class A4
3.990%, 03/27/2028 (B)
  318,526     318,381
Series 2024-1A, Class A3
5.130%, 05/25/2029 (B)
  73,886     74,224
Series 2024-2A, Class A4
5.480%, 11/26/2029 (B)
  810,000     822,473
Chesapeake Funding II LLC
Series 2023-2A, Class A1
6.160%, 10/15/2035 (B)
  192,870     193,307
Citizens Auto Receivables Trust          
Series 2023-2, Class A4
5.740%, 10/15/2030 (B)
  1,165,000     1,173,366
Series 2024-1, Class A3
5.110%, 04/17/2028 (B)
  651,055     652,604
Series 2024-1, Class A4
5.030%, 10/15/2030 (B)
  608,000     611,016
CNH Equipment Trust
Series 2022-B, Class A3
3.890%, 11/15/2027
  13,527     13,526
Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Corporate One Auto Receivables Trust
Series 2026-1A, Class A3
4.150%, 03/15/2030 (B)
$ 600,000   $ 596,924
Dell Equipment Finance Trust
Series 2025-1, Class A3
4.610%, 02/24/2031 (B)
  610,000     611,766
DLLAA LLC
Series 2023-1A, Class A3
5.640%, 02/22/2028 (B)
  317,145     319,019
DLLAD LLC          
Series 2023-1A, Class A3
4.790%, 01/20/2028 (B)
  202,147     202,450
Series 2024-1A, Class A3
5.300%, 07/20/2029 (B)
  800,000     807,288
DLLST LLC
Series 2024-1A, Class A3
5.050%, 08/20/2027 (B)
  55,024     55,125
Enterprise Fleet Financing LLC          
Series 2022-3, Class A3
4.290%, 07/20/2029 (B)
  60,665     60,672
Series 2023-3, Class A2
6.400%, 03/20/2030 (B)
  168,550     169,653
Series 2024-1, Class A2
5.230%, 03/20/2030 (B)
  337,232     338,489
Series 2024-2, Class A3
5.610%, 04/20/2028 (B)
  326,240     328,579
Series 2024-4, Class A2
4.690%, 07/20/2027 (B)
  49,073     49,140
Series 2024-4, Class A3
4.560%, 11/20/2028 (B)
  600,000     601,125
Series 2025-4, Class A2
4.050%, 08/20/2028 (B)
  509,000     507,706
Series 2026-2, Class A2
4.330%, 02/20/2029 (B)
  750,000     749,038
FCCU Auto Receivables Trust
Series 2025-1A, Class A2
4.870%, 01/16/2029 (B)
  89,719     89,833
Ford Credit Auto Lease Trust
Series 2024-B, Class A3
4.990%, 12/15/2027
  549,314     550,350
Ford Credit Auto Owner Trust
Series 2022-1, Class A
3.880%, 11/15/2034 (B)
  438,000     436,361
Ford Credit Floorplan Master Owner Trust
Series 2024-1, Class A1
5.290%, 04/15/2029 (B)
  600,000     604,799
GM Financial Automobile Leasing Trust          
Series 2025-2, Class A2A
4.550%, 07/20/2027
  415,224     415,595
Series 2025-2, Class A3
4.580%, 05/22/2028
  600,000     601,363
Series 2025-3, Class A3
4.170%, 08/21/2028
  583,000     582,331
Series 2026-2, Class A2A
4.120%, 07/20/2028
  775,000     773,609
GM Financial Consumer Automobile Receivables Trust
Series 2023-4, Class A4
5.710%, 02/16/2029
  160,000     162,062
GMF Floorplan Owner Revolving Trust          
Series 2024-1A, Class A1
5.130%, 03/15/2029 (B)
  600,000     603,339
Series 2024-1A, Class A2 (30 day Average SOFR + 0.750%)
4.343%, 03/15/2029 (A)(B)
  508,000     509,001
 
The accompanying notes are an integral part of the financial statements. 124  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
GMF Floorplan Owner
Revolving Trust (continued)
         
Series 2025-2A, Class A
4.640%, 03/15/2030 (B)
$ 885,000   $ 887,759
GreatAmerica Leasing Receivables
Funding LLC
         
Series 2022-1, Class A4
5.350%, 07/16/2029 (B)
  187,791     188,238
Series 2024-1, Class A3
4.980%, 01/18/2028 (B)
  494,456     496,060
Harley-Davidson Motorcycle Trust          
Series 2023-A, Class A4
4.970%, 06/17/2030
  700,000     702,296
Series 2023-B, Class A3
5.690%, 08/15/2028
  459,148     461,335
Series 2024-B, Class A3
4.310%, 07/16/2029
  106,614     106,599
Series 2025-A, Class A2A
4.710%, 07/17/2028
  241,419     241,657
Honda Auto Receivables Owner Trust          
Series 2025-1, Class A3
4.570%, 09/21/2029
  700,000     701,938
Series 2025-4, Class A2A
4.040%, 06/15/2028
  537,045     536,593
Hyundai Auto Lease Securitization Trust          
Series 2025-A, Class A3
4.830%, 01/18/2028 (B)
  600,000     601,728
Series 2025-B, Class A3
4.530%, 04/17/2028 (B)
  650,000     651,215
Hyundai Auto Receivables Trust          
Series 2023-C, Class A3
5.540%, 10/16/2028
  66,371     66,743
Series 2025-A, Class A3
4.320%, 10/15/2029
  625,000     625,287
Series 2025-B, Class A2A
4.450%, 08/15/2028
  548,185     548,707
Series 2025-D, Class A2A
4.030%, 11/15/2028
  580,930     580,265
Kubota Credit Owner Trust
Series 2024-1A, Class A3
5.190%, 07/17/2028 (B)
  523,344     525,869
LAD Auto Receivables Trust
Series 2023-4A, Class A4
6.240%, 06/15/2028 (B)
  89,533     89,613
Mercedes-Benz Auto Lease Trust
Series 2025-B, Class A3
3.880%, 04/16/2029
  500,000     496,888
Mercedes-Benz Auto Receivables Trust
Series 2023-1, Class A4
4.310%, 04/16/2029
  420,000     420,166
MMAF Equipment Finance LLC
Series 2024-A, Class A2
5.200%, 09/13/2027 (B)
  59,659     59,693
NextGear Floorplan Master Owner Trust
Series 2024-1A, Class A2
5.120%, 03/15/2029 (B)
  430,000     432,055
Nissan Auto Lease Trust          
Series 2024-B, Class A3
4.920%, 11/15/2027
  121,000     121,311
Series 2025-A, Class A3
4.750%, 03/15/2028
  650,000     652,351
Nissan Auto Receivables Owner Trust
Series 2023-A, Class A3
4.910%, 11/15/2027
  38,409     38,459
Nissan Master Owner Receivables Trust
Series 2024-B, Class A
5.050%, 02/15/2029 (B)
  432,000     433,801
Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
ASSET-BACKED SECURITIES (continued)      
Porsche Innovative Lease Owner Trust          
Series 2024-2A, Class A4
4.260%, 09/20/2030 (B)
$ 508,000   $ 508,055
Series 2025-1A, Class A3
4.610%, 10/20/2028 (B)
  608,000     609,732
Santander Bank Auto
Credit-Linked Notes
         
Series 2022-C, Class A2
6.024%, 12/15/2032 (B)
  322,166     324,343
Series 2023-B, Class B
5.640%, 12/15/2033 (B)
  88,225     88,903
SBNA Auto Lease Trust          
Series 2024-B, Class A3
5.560%, 11/22/2027 (B)
  111,724     111,863
Series 2024-B, Class A4
5.550%, 12/20/2028 (B)
  1,350,000     1,355,639
Series 2025-A, Class A3
4.830%, 04/20/2028 (B)
  83,463     83,634
SFS Auto Receivables Securitization Trust
Series 2024-1A, Class A4
4.940%, 01/21/2031 (B)
  600,000     603,733
Stellantis Financial Underwritten
Enhanced Lease Trust
         
Series 2025-AA, Class A3
4.470%, 07/20/2028 (B)
  650,000     650,443
Series 2025-AA, Class A4
4.500%, 03/20/2029 (B)
  680,000     679,858
Toyota Auto Receivables Owner Trust          
Series 2022-B, Class A4
3.110%, 08/16/2027
  154,787     154,744
Series 2022-D, Class A4
5.430%, 04/17/2028
  575,000     578,462
USB Auto Owner Trust
Series 2025-1A, Class A2
4.510%, 06/15/2028 (B)
  244,707     244,808
Verdant Receivables, LLC
Series 2025-1A, Class A2
4.850%, 03/13/2028 (B)
  450,457     451,350
Volkswagen Auto Lease Trust
Series 2025-B, Class A3
4.010%, 01/22/2029
  613,000     610,929
Wheels Fleet Lease Funding 1 LLC          
Series 2024-1A, Class A1
5.490%, 02/18/2039 (B)
  501,488     504,991
Series 2024-2A, Class A1
4.870%, 06/21/2039 (B)
  350,085     351,570
Series 2024-3A, Class A1
4.800%, 09/19/2039 (B)
  742,127     745,349
Series 2025-1A, Class A1
4.570%, 01/18/2040 (B)
  427,735     428,371
Series 2025-1A, Class A2 (1 month CME Term SOFR + 0.670%)
4.307%, 01/18/2040 (A)(B)
  494,492     495,154
World Omni Auto Receivables Trust
Series 2026-A, Class A2A
3.710%, 04/16/2029
  600,000     597,333
World Omni Automobile Lease Securitization Trust
Series 2024-A, Class A4
5.250%, 09/17/2029
  600,000     601,882
TOTAL ASSET-BACKED SECURITIES (Cost $46,894,402)     $ 46,691,751
 
The accompanying notes are an integral part of the financial statements. 125  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)
    Shares or
Principal
Amount
  Value
SHORT-TERM INVESTMENTS – 21.6%      
U.S. Government – 19.8%          
U.S. Treasury Bill          
3.341%, 09/03/2026 * $ 12,300,000   $ 12,220,076
3.355%, 02/18/2027 *   4,250,000     4,147,474
3.515%, 07/16/2026 *   19,739,000     19,709,402
3.628%, 11/19/2026 *   4,720,000     4,650,351
          40,727,303
Short-term funds – 1.8%          
John Hancock Collateral Trust, 3.6026% (E)(F)   359,605     3,595,831
TOTAL SHORT-TERM INVESTMENTS (Cost $44,343,936)   $ 44,323,134
Total Investments (Ultra Short Term Bond Trust)
(Cost $206,242,172) – 100.2%
  $ 205,822,496
Other assets and liabilities, net – (0.2%)       (390,061)
TOTAL NET ASSETS – 100.0%       $ 205,432,435
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
IBOR Interbank Offered Rate
SOFR Secured Overnight Financing Rate
(A) Variable rate obligation. The coupon rate shown represents the rate at period end.
(B) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $49,469,866 or 24.1% of the fund's net assets as of 6-30-26.
(C) All or a portion of this security is on loan as of 6-30-26.
(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) The rate shown is the annualized seven-day yield as of 6-30-26.
(F) Investment is an affiliate of the portfolio, 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 $2,205,124.
* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.
The accompanying notes are an integral part of the financial statements. 126  

Table of Contents
John Hancock Variable Insurance Trust
Portfolio of InvestmentsJune 30, 2026 (unaudited) (showing percentage of total net assets)

The following portfolios had the following country composition as a percentage of net assets, unless otherwise indicated, on 6-30-26:
Opportunistic Fixed Income Trust (as a percentage of total investments)
United States 58.6%
Brazil 6.6%
Colombia 4.0%
South Korea 4.0%
Japan 2.8%
Czech Republic 2.6%
Mexico 2.5%
Indonesia 2.0%
United Kingdom 1.5%
New Zealand 1.5%
Other countries 13.9%
TOTAL 100.0%
Strategic Income Opportunities Trust
United States 65.4%
Canada 7.5%
Australia 5.0%
United Kingdom 3.6%
New Zealand 2.2%
Philippines 1.6%
Norway 1.6%
Spain 1.2%
Brazil 1.2%
Mexico 1.1%
Other countries 9.6%
TOTAL 100.0%
The accompanying notes are an integral part of the financial statements. 127  

Table of Contents
John Hancock Variable Insurance Trust
Statements of assets and liabilities — June 30, 2026 (unaudited)

Assets Active Bond Trust Core Bond Trust High Yield Trust Investment Quality Bond Trust
Unaffiliated investments, at value (including securities loaned) $548,352,068 $679,143,216 $173,034,708 $243,857,557
Affiliated investments, at value 3,360,456 3,896,687 20,969,817 380,254
Repurchase agreements, at value 3,200,000
Total investments, at value 551,712,524 683,039,903 194,004,525 247,437,811
Receivable for centrally cleared swaps 49,247
Unrealized appreciation on forward foreign currency contracts 9,962
Receivable for futures variation margin 8,038
Cash 481,771 130,000 19,976
Foreign currency, at value 1,217 7,427 912,264
Collateral held at broker for futures contracts 290,000
Dividends and interest receivable 5,108,526 4,552,335 3,179,479 1,378,124
Receivable for fund shares sold 5,588,786 11,175 2,411,210 5,588,519
Receivable for investments sold 1,795,654 32,608,212 157,095 52,560
Receivable for delayed-delivery securities sold 11,388,329 233,037 12,095,156
Receivable for securities lending income 233 1,074 18,189 408
Other assets 18,682 26,531 5,821 7,247
Total assets 564,514,405 732,110,547 200,146,783 267,559,312
Liabilities        
Payable for sale commitments outstanding, at value 15,582,137
Unrealized depreciation on forward foreign currency contracts 2,917
Payable for futures variation margin 7,674
Due to custodian 2,662
Payable for collateral on OTC derivatives 60,000
Payable for investments purchased 4,059,678 40,109,599 989,000 2,220,026
Payable for delayed-delivery securities purchased 27,321,883 38,620,366
Payable for fund shares repurchased 31,263 88,538 11,262 58,231
Payable upon return of securities loaned 595,251 3,896,893 18,666,123 380,372
Payable to affiliates        
Accounting and legal services fees 30,109 37,889 9,662 11,251
Trustees' fees 1,729 2,583 731 825
Other liabilities and accrued expenses 70,789 90,675 91,001 86,629
Total liabilities 4,799,155 71,548,060 19,767,779 57,022,754
Net assets $559,715,250 $660,562,487 $180,379,004 $210,536,558
Net assets consist of        
Paid-in capital $625,107,865 $785,715,288 $258,528,057 $238,931,667
Total distributable earnings (loss) (65,392,615) (125,152,801) (78,149,053) (28,395,109)
Net assets $559,715,250 $660,562,487 $180,379,004 $210,536,558
Unaffiliated investments, including repurchase agreements, at cost $564,683,496 $686,603,121 $181,268,576 $258,918,600
Affiliated investments, at cost $3,360,630 $3,896,752 $20,971,841 $380,273
Foreign currency, at cost $1,237 $7,547 $912,231
Proceeds received on sale commitments outstanding $15,592,887
Securities loaned, at value $583,472 $3,804,369 $18,248,122 $369,575
Net asset value per share        
The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Series I        
Net assets $24,734,363 $58,332,397 $45,515,847 $89,886,863
Shares outstanding 2,939,496 5,109,326 9,322,257 9,154,708
Net asset value, offering price and redemption price per share $8.41 $11.42 $4.88 $9.82
Series II        
Net assets $96,019,272 $89,510,460 $29,228,305 $46,251,751
Shares outstanding 11,396,528 7,861,854 5,795,215 4,713,232
Net asset value, offering price and redemption price per share $8.43 $11.39 $5.04 $9.81
Series NAV        
Net assets $438,961,615 $512,719,630 $105,634,852 $74,397,944
Shares outstanding 52,102,285 45,160,603 22,141,756 7,610,974
Net asset value, offering price and redemption price per share $8.42 $11.35 $4.77 $9.78
The accompanying notes are an integral part of the financial statements. 128  

Table of Contents
John Hancock Variable Insurance Trust
Statements of assets and liabilities — June 30, 2026 (unaudited)

Assets Money Market Trust Opportunistic Fixed Income Trust Select Bond Trust Short Term Government Income Trust
Unaffiliated investments, at value (including securities loaned) $1,212,435,870 $172,637,791 $471,679,437 $245,482,930
Affiliated investments, at value 1,562,679 7,378,510 2,987,230
Repurchase agreements, at value 862,832,419
Total investments, at value 2,075,268,289 174,200,470 479,057,947 248,470,160
Swap contracts, at value 571,226
Receivable for centrally cleared swaps 2,546,428
Unrealized appreciation on forward foreign currency contracts 709,673
Foreign currency, at value 859,940
Collateral held at broker for futures contracts 1,262,952 900,000 338,000
Collateral segregated at custodian for OTC derivative contracts 100,000
Dividends and interest receivable 7,465,306 1,786,329 3,976,764 1,552,934
Receivable for fund shares sold 234,398 806,903 27,088,126
Receivable for investments sold 6,309,155 891,994
Receivable for delayed-delivery securities sold 7,594,402
Receivable for securities lending income 1,789 494
Receivable from affiliates 5,335 116
Other assets 74,888 5,011 198,988 6,272
Total assets 2,083,048,216 196,754,278 512,114,429 250,367,366
Liabilities        
Payable for sale commitments outstanding, at value 13,573,525
Unrealized depreciation on forward foreign currency contracts 433,913
Swap contracts, at value 1,030,629
Payable for futures variation margin 153,388 12,723 151,914
Due to custodian 3,551,600 151
Payable for collateral on OTC derivatives 780,000
Payable for investments purchased 6,500,000 4,392,190 2,601,786
Payable for delayed-delivery securities purchased 27,195,740 2,375,000
Payable for fund shares repurchased 2,060,920 24,465 15 23,777
Payable upon return of securities loaned 1,563,592 5,394,700
Payable to affiliates        
Investment management fees 9,531
Accounting and legal services fees 113,484 7,727 98,173 13,418
Trustees' fees 6,851 628 24,908 756
Other liabilities and accrued expenses 181,609 114,464 266,291 60,892
Total liabilities 8,862,864 52,831,392 8,398,747 2,625,757
Net assets $2,074,185,352 $143,922,886 $503,715,682 $247,741,609
Net assets consist of        
Paid-in capital $2,074,177,617 $165,736,024 $1,375,772,300 $274,795,411
Total distributable earnings (loss) 7,735 (21,813,138) (872,056,618) (27,053,802)
Net assets $2,074,185,352 $143,922,886 $503,715,682 $247,741,609
Unaffiliated investments, including repurchase agreements, at cost $2,075,268,289 $174,937,662 $480,568,933 $248,731,381
Affiliated investments, at cost $1,562,699 $7,378,671 $2,987,286
Foreign currency, at cost $870,892
Proceeds received on sale commitments outstanding $13,581,152
Net unamortized upfront payment on OTC swaps $(163,576)
Collateral held at broker for centrally cleared swaps $2,450,000
Securities loaned, at value $1,507,903 $5,259,676
Net asset value per share        
The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Series I        
Net assets $1,507,119,466 $18,816,251 $125,077,415 $20,880,838
Shares outstanding 1,507,165,985 1,685,365 10,455,670 1,774,173
Net asset value, offering price and redemption price per share $1.00 $11.16 $11.96 $11.77
Series II        
Net assets $37,220,713 $35,311,543 $324,010,781 $14,304,489
Shares outstanding 37,201,746 3,231,097 27,077,710 1,216,723
Net asset value, offering price and redemption price per share $1.00 $10.93 $11.97 $11.76
Series NAV        
Net assets $529,845,173 $89,795,092 $54,627,486 $212,556,282
Shares outstanding 529,849,105 8,081,256 4,570,375 18,059,633
Net asset value, offering price and redemption price per share $1.00 $11.11 $11.95 $11.77
The accompanying notes are an integral part of the financial statements. 129  

Table of Contents
John Hancock Variable Insurance Trust
Statements of assets and liabilities — June 30, 2026 (unaudited)

Assets Strategic Income Opportunities Trust Total Bond Market Trust Ultra Short Term Bond Trust
Unaffiliated investments, at value (including securities loaned) $287,269,210 $1,043,569,139 $202,226,665
Affiliated investments, at value 15,442,293 21,807,187 3,595,831
Total investments, at value 302,711,503 1,065,376,326 205,822,496
Unrealized appreciation on forward foreign currency contracts 791,520
Receivable for futures variation margin 18,622
Cash 2,228
Foreign currency, at value 662,897
Collateral held at broker for futures contracts 482,000
Collateral segregated at custodian for OTC derivative contracts 10,000
Dividends and interest receivable 3,341,725 8,990,393 1,483,719
Receivable for fund shares sold 653,115 3,422,104 981,480
Receivable for investments sold 1,090,694
Receivable for securities lending income 1,077 1,161 1,855
Receivable from affiliates 7,357
Other assets 11,180 27,326 8,555
Total assets 309,776,561 1,077,824,667 208,298,105
Liabilities      
Unrealized depreciation on forward foreign currency contracts 756,801
Payable for investments purchased 7,755,439
Payable for fund shares repurchased 548,226 3,280,753 596,776
Payable upon return of securities loaned 236,407 12,205,653 2,205,481
Payable to affiliates      
Accounting and legal services fees 15,575 57,799 11,046
Trustees' fees 1,577 2,720 926
Other liabilities and accrued expenses 106,680 97,146 51,441
Total liabilities 9,420,705 15,644,071 2,865,670
Net assets $300,355,856 $1,062,180,596 $205,432,435
Net assets consist of      
Paid-in capital $320,569,627 $1,133,934,965 $221,669,852
Total distributable earnings (loss) (20,213,771) (71,754,369) (16,237,417)
Net assets $300,355,856 $1,062,180,596 $205,432,435
Unaffiliated investments, including repurchase agreements, at cost $287,896,299 $1,101,271,285 $202,646,314
Affiliated investments, at cost $15,444,205 $21,807,794 $3,595,858
Foreign currency, at cost $668,346
Securities loaned, at value $229,463 $11,935,273 $2,159,752
Net asset value per share      
The portfolios have an unlimited number of shares authorized with par value of $0.01 per share. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Series I      
Net assets $50,631,088 $367,340,768 $9,588,728
Shares outstanding 3,987,493 40,215,314 829,633
Net asset value, offering price and redemption price per share $12.70 $9.13 $11.56
Series II      
Net assets $80,693,010 $41,050,968 $151,128,760
Shares outstanding 6,343,165 4,492,786 13,096,609
Net asset value, offering price and redemption price per share $12.72 $9.14 $11.54
Series NAV      
Net assets $169,031,758 $653,788,860 $44,714,947
Shares outstanding 13,360,579 71,572,228 3,865,701
Net asset value, offering price and redemption price per share $12.65 $9.13 $11.57
The accompanying notes are an integral part of the financial statements. 130  

Table of Contents
John Hancock Variable Insurance Trust
Statements of operationsFor the six months ended June 30, 2026 (unaudited)

Investment income Active Bond Trust Core Bond Trust High Yield Trust Investment Quality Bond Trust
Interest $13,767,289 $16,190,604 $6,455,113 $4,708,187
Dividends from affiliated investments 64,138 34,882
Dividends from unaffiliated investments 12,512 409,423 22,547
Securities lending, net 3,492 6,813 75,797 2,674
Other income 33
Less foreign taxes withheld (154)
Total investment income 13,847,431 16,606,840 6,588,339 4,710,740
Expenses        
Investment management fees 1,662,527 2,097,168 437,006 623,552
Distribution and service fees 123,731 123,546 46,477 79,873
Accounting and legal services fees 43,573 57,016 14,049 16,325
Trustees' fees 7,367 10,382 2,464 2,853
Custodian fees 36,898 45,094 17,268 27,245
Printing and postage 13,700 14,356 14,467 9,714
Professional fees 39,599 41,650 44,240 57,455
Other 12,768 16,656 7,983 9,197
Total expenses 1,940,163 2,405,868 583,954 826,214
Less expense reductions (26,556) (33,860) (8,755) (9,707)
Net expenses 1,913,607 2,372,008 575,199 816,507
Net investment income 11,933,824 14,234,832 6,013,140 3,894,233
Realized and unrealized gain (loss)        
Net realized gain (loss) on        
Unaffiliated investments and foreign currency transactions (2,054,588) (5,284,694) (1,910,406) (1,767,777)
Affiliated investments (1,143) (805) (3,649) (116)
Futures contracts (21,834) (169,960)
Forward foreign currency contracts 94,664
Swap contracts 61,056 760,705
  (2,077,565) (5,285,499) (1,852,999) (1,082,484)
Change in net unrealized appreciation (depreciation) of        
Unaffiliated investments and translation of assets and liabilities in foreign currencies (5,641,432) (4,576,957) (311,968) (578,908)
Affiliated investments (173) (79) (2,166) (9)
Futures contracts 22,920 (141,703)
Forward foreign currency contracts 14,707
Swap contracts (600,363)
  (5,618,685) (4,577,036) (314,134) (1,306,276)
Net realized and unrealized gain (loss) (7,696,250) (9,862,535) (2,167,133) (2,388,760)
Increase in net assets from operations $4,237,574 $4,372,297 $3,846,007 $1,505,473
The accompanying notes are an integral part of the financial statements. 131  

Table of Contents
John Hancock Variable Insurance Trust
Statements of operationsFor the six months ended June 30, 2026 (unaudited)

Investment income Money Market Trust Opportunistic Fixed Income Trust Select Bond Trust Short Term Government Income Trust
Interest $38,912,872 $4,104,661 $54,032,050 $4,754,443
Dividends from unaffiliated investments 215,277
Dividends from affiliated investments 489,634 51,912
Securities lending, net 8,554 11,884
Less foreign taxes withheld (26,253)
Total investment income 38,912,872 4,302,239 54,533,568 4,806,355
Expenses        
Investment management fees 3,592,791 459,803 7,460,496 700,853
Distribution and service fees 431,040 48,645 429,373 23,009
Accounting and legal services fees 163,950 11,112 228,696 19,327
Trustees' fees 28,265 1,952 68,539 3,273
Custodian fees 135,039 106,600 139,344 19,602
Printing and postage 31,787 163 84,666 8,534
Professional fees 45,270 54,497 93,848 41,442
Other 43,050 7,658 178,779 8,007
Total expenses 4,471,192 690,430 8,683,741 824,047
Less expense reductions (1,102,314) (94,388) (400,557) (11,450)
Net expenses 3,368,878 596,042 8,283,184 812,597
Net investment income 35,543,994 3,706,197 46,250,384 3,993,758
Realized and unrealized gain (loss)        
Net realized gain (loss) on        
Unaffiliated investments and foreign currency transactions 4,173 (59,405) (135,247,232) (2,646,375)
Affiliated investments (506) (4,935) (281)
Futures contracts (424,377) 154,954 (49,374)
Forward foreign currency contracts (1,088,512)
Swap contracts 202,758
  4,173 (1,370,042) (135,097,213) (2,696,030)
Change in net unrealized appreciation (depreciation) of        
Unaffiliated investments and translation of assets and liabilities in foreign currencies (353,344) 134,804,312 (792,885)
Affiliated investments (25) (1,437) (54)
Futures contracts 298,040 57,218 4,164
Forward foreign currency contracts 338,626
Swap contracts (45,921)
  237,376 134,860,093 (788,775)
Net realized and unrealized gain (loss) 4,173 (1,132,666) (237,120) (3,484,805)
Increase in net assets from operations $35,548,167 $2,573,531 $46,013,264 $508,953
The accompanying notes are an integral part of the financial statements. 132  

Table of Contents
John Hancock Variable Insurance Trust
Statements of operationsFor the six months ended June 30, 2026 (unaudited)

Investment income Strategic Income Opportunities Trust Total Bond Market Trust Ultra Short Term Bond Trust
Interest $7,219,872 $22,007,882 $4,236,557
Dividends from unaffiliated investments 424,345
Dividends from affiliated investments 185,757 109,425 56,596
Securities lending, net 6,248 6,407 11,788
Less foreign taxes withheld (43,904)
Total investment income 7,792,318 22,123,714 4,304,941
Expenses      
Investment management fees 890,428 2,497,740 553,832
Distribution and service fees 109,903 141,992 191,817
Accounting and legal services fees 21,951 83,474 15,831
Trustees' fees 3,760 13,858 2,775
Custodian fees 38,007 63,001 17,198
Printing and postage 11,722 17,839 9,237
Professional fees 57,332 39,587 32,589
Other 10,940 18,587 7,275
Total expenses 1,144,043 2,876,078 830,554
Less expense reductions (14,904) (1,402,423) (70,531)
Net expenses 1,129,139 1,473,655 760,023
Net investment income 6,663,179 20,650,059 3,544,918
Realized and unrealized gain (loss)      
Net realized gain (loss) on      
Unaffiliated investments and foreign currency transactions 714,109 (2,498,752) 126,400
Affiliated investments (1,709) (3,176) (2,074)
Futures contracts 310,459
Forward foreign currency contracts (1,231,476)
Written options 106,770
  (101,847) (2,501,928) 124,326
Change in net unrealized appreciation (depreciation) of      
Unaffiliated investments and translation of assets and liabilities in foreign currencies (2,901,756) (11,747,841) (1,023,687)
Affiliated investments (2,226) (427) (43)
Futures contracts (82,187)
Forward foreign currency contracts 62,756
Written options 27,997
  (2,895,416) (11,748,268) (1,023,730)
Net realized and unrealized gain (loss) (2,997,263) (14,250,196) (899,404)
Increase in net assets from operations $3,665,916 $6,399,863 $2,645,514
The accompanying notes are an integral part of the financial statements. 133  

Table of Contents
John Hancock Variable Insurance Trust
Statements of changes in net assets

  Active Bond Trust Core Bond Trust High Yield Trust
  Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Increase (decrease) in net assets            
From operations            
Net investment income $11,933,824 $23,664,577 $14,234,832 $31,768,547 $6,013,140 $11,639,978
Net realized gain (loss) (2,077,565) (5,952,479) (5,285,499) (2,684,204) (1,852,999) (3,979,092)
Change in net unrealized appreciation (depreciation) (5,618,685) 21,995,386 (4,577,036) 24,191,318 (314,134) 5,044,056
Increase in net assets resulting from operations 4,237,574 39,707,484 4,372,297 53,275,661 3,846,007 12,704,942
Distributions to shareholders            
From earnings            
Series I (1,101,311) (2,511,526) (3,436,160)
Series II (4,240,506) (3,408,205) (2,027,601)
Series NAV (19,331,192) (27,507,907) (7,835,548)
Total distributions (24,673,009) (33,427,638) (13,299,309)
From portfolio share transactions            
Portfolio share transactions (8,999,711) (834,197) (142,744,749) (16,834,803) (6,836,391) 4,987,409
Total increase (decrease) (4,762,137) 14,200,278 (138,372,452) 3,013,220 (2,990,384) 4,393,042
Net assets            
Beginning of period 564,477,387 550,277,109 798,934,939 795,921,719 183,369,388 178,976,346
End of period $559,715,250 $564,477,387 $660,562,487 $798,934,939 $180,379,004 $183,369,388
  Investment Quality Bond Trust Money Market Trust Opportunistic Fixed Income Trust
  Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Increase (decrease) in net assets            
From operations            
Net investment income $3,894,233 $7,991,286 $35,543,994 $89,870,024 $3,706,197 $7,526,292
Net realized gain (loss) (1,082,484) (2,705,595) 4,173 11,294 (1,370,042) (5,146,117)
Change in net unrealized appreciation (depreciation) (1,306,276) 8,609,253 237,376 10,263,603
Increase in net assets resulting from operations 1,505,473 13,894,944 35,548,167 89,881,318 2,573,531 12,643,778
Distributions to shareholders            
From earnings            
Series I (4,101,302) (26,021,568) (65,760,417) (1,147,431)
Series II (2,107,265) (613,420) (1,645,226) (2,205,737)
Series NAV (3,073,490) (8,909,001) (22,464,380) (5,336,378)
Total distributions (9,282,057) (35,543,989) (89,870,023) (8,689,546)
From portfolio share transactions            
Portfolio share transactions (5,164,546) (7,486,972) (98,813,549) (73,504,153) (2,015,016) 885,628
Total increase (decrease) (3,659,073) (2,874,085) (98,809,371) (73,492,858) 558,515 4,839,860
Net assets            
Beginning of period 214,195,631 217,069,716 2,172,994,723 2,246,487,581 143,364,371 138,524,511
End of period $210,536,558 $214,195,631 $2,074,185,352 $2,172,994,723 $143,922,886 $143,364,371
The accompanying notes are an integral part of the financial statements. 134  

Table of Contents
John Hancock Variable Insurance Trust
Statements of changes in net assets

  Select Bond Trust Short Term Government Income Trust Strategic Income Opportunities Trust
  Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Increase (decrease) in net assets            
From operations            
Net investment income $46,250,384 $223,187,460 $3,993,758 $6,979,463 $6,663,179 $15,214,520
Net realized gain (loss) (135,097,213) (58,618,562) (2,696,030) 1,518,246 (101,847) (10,602,030)
Change in net unrealized appreciation (depreciation) 134,860,093 245,927,736 (788,775) 2,445,843 (2,895,416) 18,480,863
Increase in net assets resulting from operations 46,013,264 410,496,634 508,953 10,943,552 3,665,916 23,093,353
Distributions to shareholders            
From earnings            
Series I (5,323,649) (375,929) (3,976,478)
Series II (13,456,550) (232,325) (5,878,894)
Series NAV (214,367,302) (3,846,727) (8,347,596)
Total distributions (233,147,501) (4,454,981) (18,202,968)
From portfolio share transactions            
Portfolio share transactions (5,194,790,692) (393,023,541) 4,160,310 76,674,942 34,135,665 (170,283,351)
Total increase (decrease) (5,148,777,428) (215,674,408) 4,669,263 83,163,513 37,801,581 (165,392,966)
Net assets            
Beginning of period 5,652,493,110 5,868,167,518 243,072,346 159,908,833 262,554,275 427,947,241
End of period $503,715,682 $5,652,493,110 $247,741,609 $243,072,346 $300,355,856 $262,554,275
  Total Bond Market Trust Ultra Short Term Bond Trust
  Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Six months ended
6-30-26
(unaudited)
Year ended
12-31-25
Increase (decrease) in net assets        
From operations        
Net investment income $20,650,059 $39,096,655 $3,544,918 $8,534,790
Net realized gain (loss) (2,501,928) (6,885,926) 124,326 480,714
Change in net unrealized appreciation (depreciation) (11,748,268) 37,069,011 (1,023,730) (100,984)
Increase in net assets resulting from operations 6,399,863 69,279,740 2,645,514 8,914,520
Distributions to shareholders        
From earnings        
Series I (12,526,477) (456,667)
Series II (1,468,247) (7,462,974)
Series NAV (25,273,918) (1,854,208)
Total distributions (39,268,642) (9,773,849)
From portfolio share transactions        
Portfolio share transactions (22,565,432) 48,484,389 1,448,636 (22,353,838)
Total increase (decrease) (16,165,569) 78,495,487 4,094,150 (23,213,167)
Net assets        
Beginning of period 1,078,346,165 999,850,678 201,338,285 224,551,452
End of period $1,062,180,596 $1,078,346,165 $205,432,435 $201,338,285
The accompanying notes are an integral part of the financial statements. 135  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Active Bond Trust  
Series I  
06-30-20263 8.35   0.18 (0.12) 0.06 8.41 0.724 0.715 0.705 4.305 25 49
12-31-2025 8.13   0.36 0.24 0.60 (0.38) (0.38) 8.35 7.39 0.71 0.70 4.26 25 90
12-31-2024 8.26   0.34 (0.15) 0.19 (0.32) (0.32) 8.13 2.25 0.71 0.70 4.07 26 111
12-31-2023 8.06   0.30 0.19 0.49 (0.29) (0.29) 8.26 6.43 0.71 0.71 3.68 27 85
12-31-2022 9.79   0.27 (1.64) (1.37) (0.30) (0.06) (0.36) 8.06 (13.85) 0.71 0.70 3.05 26 91
12-31-2021 10.34   0.24 (0.30) (0.06) (0.33) (0.16) (0.49) 9.79 (0.57) 0.70 0.69 2.35 34 95
Series II  
06-30-20263 8.37   0.17 (0.11) 0.06 8.43 0.724 0.915 0.905 4.105 96 49
12-31-2025 8.15   0.34 0.25 0.59 (0.37) (0.37) 8.37 7.18 0.91 0.90 4.06 100 90
12-31-2024 8.28   0.32 (0.15) 0.17 (0.30) (0.30) 8.15 2.06 0.91 0.90 3.87 100 111
12-31-2023 8.08   0.29 0.19 0.48 (0.28) (0.28) 8.28 6.21 0.91 0.91 3.48 105 85
12-31-2022 9.81   0.25 (1.64) (1.39) (0.28) (0.06) (0.34) 8.08 (14.02) 0.91 0.90 2.83 103 91
12-31-2021 10.36   0.22 (0.30) (0.08) (0.31) (0.16) (0.47) 9.81 (0.77) 0.90 0.89 2.15 144 95
Series NAV  
06-30-20263 8.36   0.18 (0.12) 0.06 8.42 0.844 0.665 0.655 4.355 439 49
12-31-2025 8.13   0.36 0.25 0.61 (0.38) (0.38) 8.36 7.56 0.66 0.65 4.31 440 90
12-31-2024 8.27   0.34 (0.16) 0.18 (0.32) (0.32) 8.13 2.16 0.66 0.65 4.12 425 111
12-31-2023 8.07   0.31 0.19 0.50 (0.30) (0.30) 8.27 6.48 0.66 0.66 3.73 425 85
12-31-2022 9.80   0.27 (1.63) (1.36) (0.31) (0.06) (0.37) 8.07 (13.78) 0.66 0.65 3.10 420 91
12-31-2021 10.34   0.24 (0.28) (0.04) (0.34) (0.16) (0.50) 9.80 (0.42) 0.65 0.64 2.40 549 95
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
Core Bond Trust  
Series I  
06-30-20263 11.34   0.22 (0.14) 0.08 11.42 0.714 0.685 0.675 3.915 58 171
12-31-2025 11.06   0.46 0.31 0.77 (0.49) (0.49) 11.34 6.94 0.68 0.67 4.03 60 234
12-31-2024 11.31   0.45 (0.28) 0.17 (0.42) (0.42) 11.06 1.48 0.68 0.67 3.98 61 233
12-31-2023 11.04   0.39 0.22 0.61 (0.34) (0.34) 11.31 5.80 0.69 0.68 3.49 63 258
12-31-2022 13.10   0.23 (2.03) (1.80) (0.26) (0.26) 11.04 (13.67) 0.68 0.68 1.95 64 275
12-31-2021 14.23   0.11 (0.39) (0.28) (0.26) (0.59) (0.85) 13.10 (1.96) 0.67 0.66 0.82 84 269
Series II  
06-30-20263 11.32   0.21 (0.14) 0.07 11.39 0.624 0.885 0.875 3.715 90 171
12-31-2025 11.04   0.43 0.32 0.75 (0.47) (0.47) 11.32 6.77 0.88 0.87 3.83 87 234
12-31-2024 11.30   0.43 (0.29) 0.14 (0.40) (0.40) 11.04 1.22 0.88 0.87 3.78 77 233
12-31-2023 11.03   0.37 0.22 0.59 (0.32) (0.32) 11.30 5.61 0.89 0.88 3.30 69 258
12-31-2022 13.08   0.21 (2.02) (1.81) (0.24) (0.24) 11.03 (13.81) 0.88 0.88 1.76 64 275
12-31-2021 14.22   0.09 (0.41) (0.32) (0.23) (0.59) (0.82) 13.08 (2.23) 0.87 0.86 0.62 79 269
Series NAV  
06-30-20263 11.28   0.22 (0.15) 0.07 11.35 0.624 0.635 0.625 3.965 513 171
12-31-2025 11.00   0.46 0.31 0.77 (0.49) (0.49) 11.28 7.03 0.63 0.62 4.08 652 234
12-31-2024 11.25   0.45 (0.27) 0.18 (0.43) (0.43) 11.00 1.54 0.63 0.62 4.03 657 233
12-31-2023 10.98   0.39 0.23 0.62 (0.35) (0.35) 11.25 5.89 0.64 0.63 3.55 669 258
12-31-2022 13.03   0.24 (2.02) (1.78) (0.27) (0.27) 10.98 (13.62) 0.63 0.63 2.00 658 275
12-31-2021 14.17   0.12 (0.41) (0.29) (0.26) (0.59) (0.85) 13.03 (1.99) 0.62 0.61 0.87 836 269
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
The accompanying notes are an integral part of the financial statements. 136  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
High Yield Trust  
Series I  
06-30-20263 4.78   0.16 (0.06) 0.10 4.88 2.094 0.655 0.645 6.735 46 15
12-31-2025 4.80   0.32 0.03 0.35 (0.37) (0.37) 4.78 7.46 0.77 0.71 6.51 47 1476
12-31-2024 4.73   0.35 0.07 0.42 (0.35) (0.35) 4.80 8.95 0.88 0.87 7.12 48 38
12-31-2023 4.30   0.33 0.22 0.55 (0.12) (0.12) 4.73 13.05 0.87 0.86 7.24 50 38
12-31-2022 5.30   0.29 (1.00) (0.71) (0.29) (0.29) 4.30 (13.25) 0.85 0.84 6.03 50 32
12-31-2021 5.27   0.27 0.04 0.31 (0.28) (0.28) 5.30 5.82 0.83 0.82 4.99 64 76
Series II  
06-30-20263 4.94   0.16 (0.06) 0.10 5.04 2.024 0.855 0.845 6.535 29 15
12-31-2025 4.95   0.32 0.04 0.36 (0.37) (0.37) 4.94 7.25 0.97 0.91 6.30 29 1476
12-31-2024 4.87   0.35 0.07 0.42 (0.34) (0.34) 4.95 8.72 1.08 1.07 6.92 31 38
12-31-2023 4.43   0.33 0.22 0.55 (0.11) (0.11) 4.87 12.70 1.07 1.06 7.04 32 38
12-31-2022 5.45   0.28 (1.02) (0.74) (0.28) (0.28) 4.43 (13.45) 1.05 1.04 5.80 33 32
12-31-2021 5.41   0.27 0.03 0.30 (0.26) (0.26) 5.45 5.67 1.03 1.02 4.79 48 76
Series NAV  
06-30-20263 4.67   0.16 (0.06) 0.10 4.77 2.144 0.605 0.595 6.795 106 15
12-31-2025 4.70   0.31 0.04 0.35 (0.38) (0.38) 4.67 7.45 0.72 0.66 6.56 107 1476
12-31-2024 4.63   0.34 0.08 0.42 (0.35) (0.35) 4.70 9.19 0.83 0.82 7.17 101 38
12-31-2023 4.22   0.32 0.21 0.53 (0.12) (0.12) 4.63 12.87 0.82 0.81 7.30 98 38
12-31-2022 5.20   0.28 (0.97) (0.69) (0.29) (0.29) 4.22 (13.07) 0.80 0.79 6.12 85 32
12-31-2021 5.18   0.27 0.03 0.30 (0.28) (0.28) 5.20 5.78 0.78 0.77 5.05 96 76
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized. 6. Increase in portfolio turnover rate resulted from repositioning of the portfolio during the period in accordance with investment policy changes approved by the Board of Trustees.  
Investment Quality Bond Trust  
Series I  
06-30-20263 9.75   0.18 (0.11) 0.07 9.82 0.724 0.775 0.765 3.775 90 45
12-31-2025 9.53   0.38 0.29 0.67 (0.45) (0.45) 9.75 6.97 0.78 0.77 3.83 93 49
12-31-2024 9.67   0.38 (0.18) 0.20 (0.34) (0.34) 9.53 2.00 0.75 0.75 3.87 97 44
12-31-2023 9.22   0.33 0.27 0.60 (0.15) (0.15) 9.67 6.49 0.77 0.76 3.52 101 41
12-31-2022 11.50   0.27 (2.01) (1.74) (0.33) (0.21) (0.54) 9.22 (14.88) 0.76 0.75 2.62 100 39
12-31-2021 12.17   0.22 (0.37) (0.15) (0.25) (0.27) (0.52) 11.50 (1.26) 0.74 0.73 1.86 134 37
Series II  
06-30-20263 9.75   0.17 (0.11) 0.06 9.81 0.624 0.975 0.965 3.575 46 45
12-31-2025 9.54   0.36 0.28 0.64 (0.43) (0.43) 9.75 6.67 0.98 0.97 3.63 49 49
12-31-2024 9.68   0.36 (0.18) 0.18 (0.32) (0.32) 9.54 1.82 0.95 0.95 3.66 50 44
12-31-2023 9.23   0.31 0.27 0.58 (0.13) (0.13) 9.68 6.28 0.97 0.96 3.32 51 41
12-31-2022 11.50   0.25 (2.00) (1.75) (0.31) (0.21) (0.52) 9.23 (15.06) 0.96 0.95 2.42 51 39
12-31-2021 12.18   0.20 (0.39) (0.19) (0.22) (0.27) (0.49) 11.50 (1.45) 0.94 0.93 1.66 71 37
Series NAV  
06-30-20263 9.70   0.18 (0.10) 0.08 9.78 0.724 0.725 0.715 3.835 74 45
12-31-2025 9.49   0.38 0.28 0.66 (0.45) (0.45) 9.70 6.94 0.73 0.72 3.89 73 49
12-31-2024 9.63   0.38 (0.18) 0.20 (0.34) (0.34) 9.49 2.05 0.70 0.70 3.92 70 44
12-31-2023 9.18   0.33 0.27 0.60 (0.15) (0.15) 9.63 6.57 0.72 0.71 3.58 62 41
12-31-2022 11.45   0.27 (2.00) (1.73) (0.33) (0.21) (0.54) 9.18 (14.88) 0.71 0.70 2.70 56 39
12-31-2021 12.13   0.23 (0.39) (0.16) (0.25) (0.27) (0.52) 11.45 (1.21) 0.69 0.68 1.91 65 37
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
The accompanying notes are an integral part of the financial statements. 137  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Money Market Trust  
Series I  
06-30-20263 1.00   0.017 4 0.017 (0.017) (0.017) 1.00 1.705 0.446 0.336 3.406 1,507
12-31-2025 1.00   0.039 4 0.039 (0.039) (0.039) 1.00 4.02 0.44 0.33 3.94 1,589
12-31-2024 1.00   0.049 4 0.049 (0.049) (0.049) 1.00 4.97 0.44 0.33 4.86 1,659
12-31-2023 1.00   0.047 4 0.047 (0.047) (0.047) 1.00 4.76 0.44 0.33 4.66 1,780
12-31-2022 1.00   0.013 4 0.013 (0.013) (0.013) 1.00 1.29 0.44 0.33 1.33 1,778
12-31-2021 1.00   4 4 4 4 4 1.00 0.007 0.44 0.07 1,522
Series II  
06-30-20263 1.00   0.016 4 0.016 (0.016) (0.016) 1.00 1.605 0.646 0.536 3.206 37
12-31-2025 1.00   0.038 (0.001)8 0.037 (0.037) (0.037) 1.00 3.81 0.64 0.53 3.75 40
12-31-2024 1.00   0.047 4 0.047 (0.047) (0.047) 1.00 4.77 0.64 0.53 4.67 48
12-31-2023 1.00   0.044 0.001 0.045 (0.045) (0.045) 1.00 4.55 0.64 0.53 4.44 57
12-31-2022 1.00   0.010 0.001 0.011 (0.011) (0.011) 1.00 1.07 0.64 0.53 1.00 67
12-31-2021 1.00   4 4 4 4 4 1.00 0.007 0.64 0.07 79
Series NAV  
06-30-20263 1.00   0.017 4 0.017 (0.017) (0.017) 1.00 1.725 0.396 0.286 3.456 530
12-31-2025 1.00   0.040 4 0.040 (0.040) (0.040) 1.00 4.07 0.39 0.28 4.00 543
12-31-2024 1.00   0.049 4 0.049 (0.049) (0.049) 1.00 5.03 0.39 0.28 4.91 539
12-31-2023 1.00   0.047 4 0.047 (0.047) (0.047) 1.00 4.81 0.39 0.28 4.70 451
12-31-2022 1.00   0.014 (0.001) 0.013 (0.013) (0.013) 1.00 1.34 0.39 0.28 1.36 484
12-31-2021 1.00   4 4 4 4 4 1.00 0.007 0.39 0.07 393
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Less than $0.0005 per share. 5. Not annualized. 6. Annualized. 7. Less than 0.005%. 8. The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of the sales and repurchases of shares in relation to fluctuating market values of the investments of the fund.  
Opportunistic Fixed Income Trust  
Series I  
06-30-20263 10.96   0.29 (0.09) 0.20 11.16 1.824 0.965 0.825 5.255 19 131
12-31-2025 10.64   0.60 0.42 1.02 (0.70) (0.70) 10.96 9.51 0.97 0.83 5.37 19 157
12-31-2024 11.03   0.59 (0.62) (0.03) (0.36) (0.36) 10.64 (0.32) 0.94 0.82 5.40 19 101
12-31-2023 10.48   0.58 0.26 0.84 (0.29) (0.29) 11.03 8.23 0.93 0.82 5.35 21 89
12-31-2022 12.31   0.47 (1.87) (1.40) (0.30) (0.13) (0.43) 10.48 (11.12) 0.90 0.82 4.31 21 119
12-31-2021 13.47   0.38 (0.66) (0.28) (0.37) (0.51) (0.88) 12.31 (2.02) 0.85 0.82 2.90 29 126
Series II  
06-30-20263 10.74   0.27 (0.08) 0.19 10.93 1.774 1.165 1.025 5.025 35 131
12-31-2025 10.44   0.56 0.42 0.98 (0.68) (0.68) 10.74 9.20 1.17 1.03 5.15 36 157
12-31-2024 10.83   0.56 (0.61) (0.05) (0.34) (0.34) 10.44 (0.41) 1.14 1.02 5.20 37 101
12-31-2023 10.29   0.54 0.27 0.81 (0.27) (0.27) 10.83 7.97 1.13 1.02 5.13 42 89
12-31-2022 12.10   0.44 (1.84) (1.40) (0.28) (0.13) (0.41) 10.29 (11.26) 1.10 1.02 4.11 43 119
12-31-2021 13.25   0.35 (0.64) (0.29) (0.35) (0.51) (0.86) 12.10 (2.26) 1.05 1.02 2.70 56 126
Series NAV  
06-30-20263 10.91   0.29 (0.09) 0.20 11.11 1.834 0.915 0.775 5.325 90 131
12-31-2025 10.59   0.60 0.42 1.02 (0.70) (0.70) 10.91 9.60 0.92 0.78 5.41 88 157
12-31-2024 10.98   0.60 (0.62) (0.02) (0.37) (0.37) 10.59 (0.27) 0.89 0.77 5.46 83 101
12-31-2023 10.43   0.58 0.26 0.84 (0.29) (0.29) 10.98 8.21 0.88 0.77 5.40 98 89
12-31-2022 12.25   0.48 (1.86) (1.38) (0.31) (0.13) (0.44) 10.43 (10.96) 0.85 0.77 4.38 96 119
12-31-2021 13.41   0.39 (0.66) (0.27) (0.38) (0.51) (0.89) 12.25 (2.06) 0.80 0.77 2.95 126 126
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
The accompanying notes are an integral part of the financial statements. 138  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Select Bond Trust  
Series I  
06-30-20263 11.90   0.21 (0.15) 0.06 11.96 0.504 0.705 0.665 3.625 125 83
12-31-2025 11.54   0.47 0.39 0.86 (0.50) (0.50) 11.90 7.47 0.66 0.63 3.93 129 107
12-31-2024 11.75   0.43 (0.21) 0.22 (0.43) (0.43) 11.54 1.83 0.66 0.62 3.68 134 114
12-31-2023 11.46   0.39 0.28 0.67 (0.38) (0.38) 11.75 6.10 0.66 0.63 3.36 139 146
12-31-2022 13.94   0.32 (2.32) (2.00) (0.38) (0.10) (0.48) 11.46 (14.20) 0.66 0.62 2.56 135 120
12-31-2021 14.59   0.28 (0.45) (0.17) (0.41) (0.07) (0.48) 13.94 (1.20) 0.65 0.61 1.94 177 132
Series II  
06-30-20263 11.92   0.20 (0.15) 0.05 11.97 0.424 0.905 0.865 3.425 324 83
12-31-2025 11.55   0.44 0.41 0.85 (0.48) (0.48) 11.92 7.36 0.86 0.83 3.73 340 107
12-31-2024 11.77   0.41 (0.22) 0.19 (0.41) (0.41) 11.55 1.56 0.86 0.82 3.47 356 114
12-31-2023 11.48   0.37 0.27 0.64 (0.35) (0.35) 11.77 5.88 0.86 0.83 3.16 390 146
12-31-2022 13.96   0.30 (2.32) (2.02) (0.36) (0.10) (0.46) 11.48 (14.38) 0.86 0.82 2.40 413 120
12-31-2021 14.61   0.25 (0.45) (0.20) (0.38) (0.07) (0.45) 13.96 (1.39) 0.85 0.81 1.74 415 132
Series NAV  
06-30-20263 11.89   0.22 (0.16) 0.06 11.95 0.504 0.655 0.625 3.655 55 83
12-31-2025 11.53   0.47 0.40 0.87 (0.51) (0.51) 11.89 7.52 0.61 0.59 3.97 5,183 107
12-31-2024 11.74   0.44 (0.22) 0.22 (0.43) (0.43) 11.53 1.88 0.61 0.58 3.72 5,378 114
12-31-2023 11.45   0.39 0.28 0.67 (0.38) (0.38) 11.74 6.15 0.61 0.59 3.40 5,487 146
12-31-2022 13.93   0.33 (2.32) (1.99) (0.39) (0.10) (0.49) 11.45 (14.16) 0.61 0.58 2.61 5,411 120
12-31-2021 14.58   0.28 (0.45) (0.17) (0.41) (0.07) (0.48) 13.93 (1.15) 0.60 0.57 1.98 7,199 132
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
Short Term Government Income Trust  
Series I  
06-30-20263 11.75   0.19 (0.17) 0.02 11.77 0.174 0.705 0.695 3.225 21 241
12-31-2025 11.38   0.35 0.23 0.58 (0.21) (0.21) 11.75 5.14 0.71 0.70 3.01 20 487
12-31-2024 11.18   0.30 6 0.30 (0.10) (0.10) 11.38 2.66 0.73 0.72 2.65 23 185
12-31-2023 10.94   0.20 0.22 0.42 (0.18) (0.18) 11.18 3.92 0.73 0.72 1.77 24 108
12-31-2022 11.88   0.12 (0.89) (0.77) (0.17) (0.17) 10.94 (6.48) 0.72 0.71 1.10 25 52
12-31-2021 12.29   0.13 (0.32) (0.19) (0.22) (0.22) 11.88 (1.59) 0.70 0.69 1.04 30 32
Series II  
06-30-20263 11.75   0.18 (0.17) 0.01 11.76 0.094 0.905 0.895 3.025 14 241
12-31-2025 11.38   0.33 0.23 0.56 (0.19) (0.19) 11.75 4.95 0.91 0.90 2.81 15 487
12-31-2024 11.18   0.28 6 0.28 (0.08) (0.08) 11.38 2.48 0.93 0.92 2.46 15 185
12-31-2023 10.95   0.17 0.22 0.39 (0.16) (0.16) 11.18 3.63 0.93 0.92 1.57 15 108
12-31-2022 11.89   0.10 (0.89) (0.79) (0.15) (0.15) 10.95 (6.67) 0.92 0.91 0.89 17 52
12-31-2021 12.30   0.10 (0.32) (0.22) (0.19) (0.19) 11.89 (1.78) 0.90 0.89 0.84 22 32
Series NAV  
06-30-20263 11.74   0.19 (0.16) 0.03 11.77 0.264 0.655 0.645 3.275 213 241
12-31-2025 11.38   0.36 0.22 0.58 (0.22) (0.22) 11.74 5.09 0.66 0.65 3.06 208 487
12-31-2024 11.17   0.31 6 0.31 (0.10) (0.10) 11.38 2.80 0.68 0.67 2.70 121 185
12-31-2023 10.94   0.20 0.22 0.42 (0.19) (0.19) 11.17 3.87 0.68 0.67 1.83 131 108
12-31-2022 11.88   0.13 (0.90) (0.77) (0.17) (0.17) 10.94 (6.43) 0.67 0.66 1.15 119 52
12-31-2021 12.29   0.13 (0.32) (0.19) (0.22) (0.22) 11.88 (1.54) 0.65 0.64 1.09 130 32
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized. 6. Less than $0.005 per share.  
The accompanying notes are an integral part of the financial statements. 139  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Strategic Income Opportunities Trust  
Series I  
06-30-20263 12.54   0.30 (0.14) 0.16 12.70 1.284 0.795 0.785 4.795 51 24
12-31-2025 12.66   0.60 0.35 0.95 (1.07) (1.07) 12.54 7.51 0.81 0.80 4.54 51 73
12-31-2024 12.62   0.53 (0.14) 0.39 (0.35) (0.35) 12.66 3.10 0.79 0.78 4.15 222 46
12-31-2023 12.18   0.46 0.42 0.88 (0.44) (0.44) 12.62 7.37 0.80 0.79 3.71 234 39
12-31-2022 14.07   0.38 (1.81) (1.43) (0.46) (0.46) 12.18 (10.06) 0.78 0.77 2.97 238 48
12-31-2021 14.44   0.37 (0.25) 0.12 (0.49) (0.49) 14.07 0.90 0.76 0.75 2.56 301 61
Series II  
06-30-20263 12.57   0.29 (0.14) 0.15 12.72 1.194 0.995 0.985 4.595 81 24
12-31-2025 12.70   0.57 0.34 0.91 (1.04) (1.04) 12.57 7.22 1.01 1.00 4.45 78 73
12-31-2024 12.66   0.51 (0.14) 0.37 (0.33) (0.33) 12.70 2.91 0.99 0.98 3.97 69 46
12-31-2023 12.22   0.44 0.41 0.85 (0.41) (0.41) 12.66 7.23 1.00 0.99 3.52 58 39
12-31-2022 14.11   0.36 (1.82) (1.46) (0.43) (0.43) 12.22 (10.30) 0.98 0.97 2.80 52 48
12-31-2021 14.47   0.34 (0.24) 0.10 (0.46) (0.46) 14.11 0.70 0.96 0.95 2.36 51 61
Series NAV  
06-30-20263 12.49   0.30 (0.14) 0.16 12.65 1.284 0.745 0.735 4.885 169 24
12-31-2025 12.62   0.60 0.34 0.94 (1.07) (1.07) 12.49 7.51 0.76 0.75 4.65 134 73
12-31-2024 12.58   0.54 (0.14) 0.40 (0.36) (0.36) 12.62 3.16 0.74 0.73 4.23 137 46
12-31-2023 12.14   0.47 0.41 0.88 (0.44) (0.44) 12.58 7.53 0.75 0.74 3.77 93 39
12-31-2022 14.03   0.39 (1.82) (1.43) (0.46) (0.46) 12.14 (10.05) 0.73 0.72 3.03 84 48
12-31-2021 14.39   0.38 (0.24) 0.14 (0.50) (0.50) 14.03 0.95 0.71 0.70 2.61 96 61
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
Total Bond Market Trust  
Series I  
06-30-20263 9.08   0.17 (0.12) 0.05 9.13 0.554 0.565 0.305 3.875 367 16
12-31-2025 8.81   0.34 0.27 0.61 (0.34) (0.34) 9.08 6.86 0.57 0.30 3.77 361 55
12-31-2024 8.99   0.31 (0.22) 0.09 (0.27) (0.27) 8.81 0.99 0.57 0.30 3.41 326 29
12-31-2023 8.78   0.27 0.18 0.45 (0.24) (0.24) 8.99 5.35 0.57 0.30 3.08 299 10
12-31-2022 10.45   0.22 (1.64) (1.42) (0.25) (0.25) 8.78 (13.49) 0.57 0.30 2.29 271 38
12-31-2021 10.89   0.17 (0.37) (0.20) (0.24) (0.24) 10.45 (1.81) 0.57 0.30 1.58 336 32
Series II  
06-30-20263 9.09   0.17 (0.12) 0.05 9.14 0.554 0.765 0.505 3.675 41 16
12-31-2025 8.82   0.32 0.27 0.59 (0.32) (0.32) 9.09 6.67 0.77 0.50 3.57 42 55
12-31-2024 9.00   0.29 (0.21) 0.08 (0.26) (0.26) 8.82 0.80 0.77 0.50 3.20 42 29
12-31-2023 8.80   0.26 0.16 0.42 (0.22) (0.22) 9.00 5.02 0.77 0.50 2.88 48 10
12-31-2022 10.46   0.20 (1.63) (1.43) (0.23) (0.23) 8.80 (13.58) 0.77 0.50 2.08 49 38
12-31-2021 10.91   0.15 (0.38) (0.23) (0.22) (0.22) 10.46 (2.10) 0.77 0.50 1.38 62 32
Series NAV  
06-30-20263 9.08   0.18 (0.13) 0.05 9.13 0.554 0.515 0.255 3.915 654 16
12-31-2025 8.81   0.35 0.26 0.61 (0.34) (0.34) 9.08 6.91 0.52 0.25 3.83 676 55
12-31-2024 8.98   0.31 (0.20) 0.11 (0.28) (0.28) 8.81 1.14 0.52 0.25 3.46 632 29
12-31-2023 8.78   0.28 0.16 0.44 (0.24) (0.24) 8.98 5.29 0.52 0.25 3.14 594 10
12-31-2022 10.44   0.22 (1.62) (1.40) (0.26) (0.26) 8.78 (13.36) 0.52 0.25 2.39 542 38
12-31-2021 10.89   0.17 (0.37) (0.20) (0.25) (0.25) 10.44 (1.86) 0.52 0.25 1.62 350 32
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
The accompanying notes are an integral part of the financial statements. 140  

Table of Contents
John Hancock Variable Insurance Trust
Financial highlights

Per share operating performance for a share outstanding throughout each period   Ratios and supplemental data  
      Income (loss) from investment operations     Less distributions       Ratios to average net assets    
Period ended Net asset
value,
beginning
of period ($)
  Net
investment
income
(loss) ($)1
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)2
Expenses
before
reductions
(%)
Expenses
including
reductions
(%)
Net
investment
income
(loss) (%)
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Ultra Short Term Bond Trust  
Series I  
06-30-20263 11.40   0.21 (0.05) 0.16 11.56 1.404 0.685 0.615 3.665 10 41
12-31-2025 11.48   0.47 0.02 0.49 (0.57) (0.57) 11.40 4.29 0.68 0.61 4.00 10 64
12-31-2024 11.11   0.47 0.08 0.55 (0.18) (0.18) 11.48 4.97 0.68 0.61 4.18 10 69
12-31-2023 10.93   0.33 0.17 0.50 (0.32) (0.32) 11.11 4.60 0.68 0.61 2.99 12 41
12-31-2022 11.19   0.10 (0.20) (0.10) (0.16) (0.16) 10.93 (0.84) 0.67 0.61 0.94 10 54
12-31-2021 11.46   0.04 (0.09) (0.05) (0.22) (0.22) 11.19 (0.46) 0.67 0.60 0.34 11 47
Series II  
06-30-20263 11.39   0.20 (0.05) 0.15 11.54 1.324 0.885 0.815 3.465 151 41
12-31-2025 11.48   0.44 0.02 0.46 (0.55) (0.55) 11.39 4.02 0.88 0.81 3.81 153 64
12-31-2024 11.11   0.45 0.08 0.53 (0.16) (0.16) 11.48 4.78 0.88 0.81 3.98 178 69
12-31-2023 10.93   0.31 0.17 0.48 (0.30) (0.30) 11.11 4.41 0.88 0.81 2.77 200 41
12-31-2022 11.19   0.09 (0.21) (0.12) (0.14) (0.14) 10.93 (1.04) 0.87 0.81 0.77 228 54
12-31-2021 11.46   0.02 (0.10) (0.08) (0.19) (0.19) 11.19 (0.66) 0.87 0.80 0.15 197 47
Series NAV  
06-30-20263 11.41   0.21 (0.05) 0.16 11.57 1.404 0.635 0.565 3.715 45 41
12-31-2025 11.49   0.47 0.02 0.49 (0.57) (0.57) 11.41 4.34 0.63 0.56 4.06 38 64
12-31-2024 11.12   0.48 0.08 0.56 (0.19) (0.19) 11.49 5.01 0.63 0.56 4.24 37 69
12-31-2023 10.93   0.34 0.17 0.51 (0.32) (0.32) 11.12 4.74 0.63 0.56 3.04 38 41
12-31-2022 11.20   0.11 (0.21) (0.10) (0.17) (0.17) 10.93 (0.88) 0.62 0.56 0.97 35 54
12-31-2021 11.47   0.04 (0.09) (0.05) (0.22) (0.22) 11.20 (0.41) 0.62 0.55 0.38 38 47
1. Based on average daily shares outstanding. 2. Total returns exclude insurance-related fees and expenses and would have been lower had certain expenses not been reduced during the applicable periods. 3. Six months ended 6-30-26. Unaudited. 4. Not annualized. 5. Annualized.  
The accompanying notes are an integral part of the financial statements. 141  

Table of Contents
John Hancock Variable Insurance Trust
Notes to financial statements (unaudited)

1.  Organization
John Hancock Variable Insurance Trust (the Trust) is a no-load, open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, eleven of which are presented in this report (the portfolios). 
The portfolios may offer multiple classes of shares: Series I, Series II, and Series NAV. The shares currently offered by each portfolio are shown on the Statements of assets and liabilities. Shares of the portfolios are presently offered only to certain affiliates of John Hancock Variable Trust Advisers LLC (the Advisor) and Manulife Financial Corporation except in the case of the Core Bond Trust, Select Bond Trust and Strategic Income Opportunities Trust. Series II and Series NAV of Core Bond Trust, Series II of Select Bond Trust and Series II and Series NAV of Strategic Income Opportunities Trust are also offered to variable insurance products of external insurance companies. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, for each class may differ.
2.  Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
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 Variable Trust Advisers LLC, the portfolios' valuation designee.
In order to value the securities, the portfolios 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 in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Exchange-traded options are valued at the mid-price of the last quoted bid and ask prices from the exchange where the option trades. Unlisted options are generally valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are typically valued based on the settlement price. Swaps are valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
Securities held by Money Market Trust are valued at amortized cost, in accordance with Rule 2a-7 under the 1940 Act, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and the cost of the security to the portfolio. The portfolio seeks to maintain a constant NAV per share of $1.00, but there can be no assurance that it will be able to do so.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
142

Table of Contents
Significant accounting policies, continued
    
The following is a summary of the values by input classification of the portfolios' investments as of June 30, 2026, by major security category or type:
  Total
value at
6-30-26
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Active Bond Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $242,643,101 $242,643,101
Foreign government obligations 922,987 922,987
Corporate bonds 229,717,768 229,717,768
Term loans 2,116,576 2,116,576
Collateralized mortgage obligations 36,240,016 36,240,016
Asset-backed securities 35,659,422 35,659,422
Common stocks 37,881 $37,881
Preferred securities 1,014,317 $1,014,317
Short-term investments 3,360,456 3,360,456
Total investments in securities $551,712,524 $4,374,773 $547,299,870 $37,881
Derivatives:        
Assets        
Futures $22,920 $22,920
 
Core Bond Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $377,741,798 $377,741,798
Foreign government obligations 5,659,641 5,659,641
Corporate bonds 183,175,224 183,175,224
Municipal bonds 877,033 877,033
Collateralized mortgage obligations 65,026,765 65,026,765
Asset-backed securities 37,900,049 37,900,049
Short-term investments 12,659,393 $12,659,393
Total investments in securities $683,039,903 $12,659,393 $670,380,510
 
High Yield Trust
Investments in securities:        
Assets        
Corporate bonds $171,017,873 $171,017,873
Term loans 1,464,530 1,338,427 $126,103
Common stocks 11,750 11,750
Preferred securities 540,313 $540,313
Escrow shares
Escrow certificates
Short-term investments 20,970,059 20,970,059
Total investments in securities $194,004,525 $21,510,372 $172,356,300 $137,853
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
 
Investment Quality Bond Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $151,703,360 $151,703,360
Foreign government obligations 2,643,217 2,643,217
Corporate bonds 35,408,055 35,408,055
Convertible bonds 79,703 79,703
Municipal bonds 117,402 117,402
Term loans 1,739,867 1,739,867
Collateralized mortgage obligations 36,696,950 36,696,950
Asset-backed securities 15,469,003 15,469,003
143

Table of Contents
Significant accounting policies, continued
    
  Total
value at
6-30-26
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Investment Quality Bond Trust (continued)
Short-term investments $3,580,254 $380,254 $3,200,000
Total investments in securities $247,437,811 $380,254 $247,057,557
Liabilities        
Sale commitments outstanding $(15,582,137) $(15,582,137)
Derivatives:        
Assets        
Futures 54,639 $54,639
Forward foreign currency contracts 9,962 9,962
Swap contracts 1,013,479 1,013,479
Liabilities        
Futures (104,262) (104,262)
Forward foreign currency contracts (2,917) (2,917)
Swap contracts (51,226) (51,226)
 
Money Market Trust
Investments in securities:        
Assets        
U.S. Government $193,030,154 $193,030,154
U.S. Government Agency 1,019,405,716 1,019,405,716
Repurchase agreement 862,832,419 862,832,419
Total investments in securities $2,075,268,289 $2,075,268,289
 
Opportunistic Fixed Income Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $51,392,475 $51,392,475
Foreign government obligations 61,415,772 61,415,772
Corporate bonds 21,439,511 21,439,511
Convertible bonds 13,430,362 13,430,362
Term loans 4,891,478 4,891,478
Collateralized mortgage obligations 8,145,266 8,145,266
Asset-backed securities 4,889,747 4,889,747
Common stocks 34,536 $34,056 480
Preferred securities 3,104,769 3,104,769
Exchange-traded funds 136,749 136,749
Escrow certificates 14,038 13,325 $713
Short-term investments 5,305,767 5,126,255 179,512
Total investments in securities $174,200,470 $8,401,829 $165,797,928 $713
Liabilities        
Sale commitments outstanding $(13,573,525) $(13,573,525)
Derivatives:        
Assets        
Futures 395,839 $395,839
Forward foreign currency contracts 709,673 709,673
Swap contracts 1,294,474 1,294,474
Liabilities        
Futures (108,817) (108,817)
Forward foreign currency contracts (433,913) (433,913)
Swap contracts (3,005,169) (3,005,169)
Level 3 includes securities valued at $0. Refer to Portfolio of Investments.
 
144

Table of Contents
Significant accounting policies, continued
    
  Total
value at
6-30-26
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Select Bond Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $234,681,544 $234,681,544
Foreign government obligations 796,550 796,550
Corporate bonds 162,653,876 162,653,876
Municipal bonds 456,995 456,995
Collateralized mortgage obligations 33,890,407 33,890,407
Asset-backed securities 39,200,065 39,200,065
Short-term investments 7,378,510 $7,378,510
Total investments in securities $479,057,947 $7,378,510 $471,679,437
Derivatives:        
Assets        
Futures $57,218 $57,218
 
Short Term Government Income Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $241,876,379 $241,876,379
Municipal bonds 2,858,990 2,858,990
Collateralized mortgage obligations 747,561 747,561
Short-term investments 2,987,230 $2,987,230
Total investments in securities $248,470,160 $2,987,230 $245,482,930
Derivatives:        
Assets        
Futures $597 $597
 
Strategic Income Opportunities Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $25,098,096 $25,098,096
Foreign government obligations 49,884,345 49,884,345
Corporate bonds 129,526,578 129,526,578
Convertible bonds 5,108,047 5,108,047
Term loans 36,200,320 36,200,320
Collateralized mortgage obligations 15,743,001 15,743,001
Asset-backed securities 8,658,920 8,658,920
Preferred securities 17,049,903 $17,049,903
Short-term investments 15,442,293 15,442,293
Total investments in securities $302,711,503 $32,492,196 $270,219,307
Derivatives:        
Assets        
Futures $34,346 $34,346
Forward foreign currency contracts 791,520 $791,520
Liabilities        
Futures (112,228) (112,228)
Forward foreign currency contracts (756,801) (756,801)
 
Total Bond Market Trust
Investments in securities:        
Assets        
145

Table of Contents
Significant accounting policies, continued
    
  Total
value at
6-30-26
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Total Bond Market Trust (continued)
U.S. Government and Agency obligations $758,097,088 $758,097,088
Foreign government obligations 7,929,396 7,929,396
Corporate bonds 257,702,056 257,702,056
Municipal bonds 3,287,207 3,287,207
Collateralized mortgage obligations 12,326,894 12,326,894
Asset-backed securities 4,226,498 4,226,498
Short-term investments 21,807,187 $21,807,187
Total investments in securities $1,065,376,326 $21,807,187 $1,043,569,139
 
Ultra Short Term Bond Trust
Investments in securities:        
Assets        
U.S. Government and Agency obligations $766,629 $766,629
Corporate bonds 113,736,252 113,736,252
Collateralized mortgage obligations 304,730 304,730
Asset-backed securities 46,691,751 46,691,751
Short-term investments 44,323,134 $3,595,831 40,727,303
Total investments in securities $205,822,496 $3,595,831 $202,226,665
Repurchase agreements. The portfolios may enter into repurchase agreements. When the portfolios enter into a repurchase agreement, they receive collateral that is held in a segregated account by the portfolios' custodian, or for tri-party repurchase agreements, collateral is held at a third-party custodian bank in a segregated account for the benefit of the portfolios. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by the portfolio for repurchase agreements is disclosed in the Portfolios of investments as part of the caption related to the repurchase agreement.
Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset in the Statements of assets and liabilities. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay claims resulting from close-out of the transactions.
When-issued/delayed-delivery securities. The portfolios may purchase or sell securities on a when-issued or delayed-delivery basis, or in a “To Be Announced” (TBA) or “forward commitment” transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the portfolio or in a schedule to the portfolio (Sale Commitments Outstanding). At the time a portfolio enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in its NAV. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues on debt securities until settlement takes place. At the time that the portfolio enters into this type of transaction, the portfolio is required to have sufficient cash and/or liquid securities to cover its commitments.
Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer’s failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to changes in the value of the securities purchased or sold prior to settlement date.
Term loans (Floating rate loans). The portfolios may invest in term loans, which are debt securities and are often rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale and generally have longer settlement periods than conventional debt securities. Term loans involve special types of risk, including credit risk, interest-rate risk, counterparty risk, and risk associated with extended settlement. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.
The portfolios' ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. The portfolios' failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason would adversely affect the portfolios' income and would likely reduce the value of its assets. Transactions in loan investments typically take a significant amount of time (i.e., seven days or longer) to settle. This could pose a liquidity risk to the portfolios and, if the portfolios' exposure to such investments is substantial, it could impair the portfolios' ability to meet redemptions. Because term loans may not be rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadvisor’s credit analysis of the borrower and/or term loan agents. There is greater risk that the portfolios may have limited rights to enforce the terms of an underlying loan than for other types of debt instruments.
At June 30, 2026, Opportunistic Fixed Income Trust and Strategic Income Opportunities Trust had $65,760 and $13,667, respectively, in unfunded loan commitments outstanding.
146

Table of Contents
Significant accounting policies, continued
    
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.
Mortgage and asset-backed securities. The portfolios may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the portfolios having to reinvest the proceeds in lower yielding securities, effectively reducing the portfolios' income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the portfolios' cash available for reinvestment in higher yielding securities.  The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g., FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The portfolios are also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.
Payment-in-kind bonds. The portfolios may invest in payment-in-kind bonds (PIK Bonds). PIK Bonds allow the issuer, at its option, to make current interest payments on the bonds either in cash or in additional bonds. The market prices of PIK Bonds are affected to a greater extent by interest rate changes and thereby tend to be more volatile than securities which pay cash interest periodically. Income on these securities is computed at the contractual rate specified and is added to the principal balance of the bond. This income is required to be distributed to shareholders. Because no cash is received at the time income accrues on these securities, the portfolios may need to sell other investments to make distributions.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain distributions from underlying funds are recorded on ex-date and reflected as realized gains. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned securities. The portfolios may invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the Securities and Exchange Commission (SEC) as an investment company. JHCT is a government money market fund and invests in U.S. Government securities and/or repurchase agreements. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The portfolios have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the portfolios could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. During the existence of the loan, the portfolios will receive from the borrower amounts equivalent to any dividends, interest or other distributions on the loaned securities, as well as interest on such amounts. The portfolios receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the portfolios is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of securities loaned by the portfolios and the corresponding cash collateral received at June 30, 2026:
Portfolio Market value of securities on loan Cash collateral received
Active Bond Trust $583,472 $595,251
Core Bond Trust 3,804,369 3,896,893
147

Table of Contents
Significant accounting policies, continued
    
Portfolio Market value of securities on loan Cash collateral received
High Yield Trust $18,248,122 $18,666,123
Investment Quality Bond Trust 369,575 380,372
Opportunistic Fixed Income Trust 1,507,903 1,563,592
Select Bond Trust 5,259,676 5,394,700
Strategic Income Opportunities Trust 229,463 236,407
Total Bond Market Trust 11,935,273 12,205,653
Ultra Short Term Bond Trust 2,159,752 2,205,481
Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Portfolios that invest internationally generally carry more risk than portfolios that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.
Foreign taxes. The portfolios may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based upon the portfolios' understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the portfolios as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit. As of June 30, 2026, the portfolios and other affiliated funds had entered into a syndicated line of credit agreement with Citibank N.A. as the administrative agent that enabled them to participate in a $1 billion unsecured committed line of credit. Excluding commitments designated for certain funds and subject to the needs of all other affiliated funds, a portfolio could borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement.
Effective July 13, 2026, the portfolios and other affiliated funds have entered into a similar syndicated line of credit agreement with The Bank of New York Mellon as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit, which is in effect through July 12, 2027 unless extended or renewed.
A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations. For the six months ended June 30, 2026, the portfolios had no borrowings under the line of credit.
Commitment fees for the six months ended June 30, 2026 were as follows:
Portfolio Commitment fee
Active Bond Trust $1,404
Core Bond Trust 1,382
High Yield Trust 451
Investment Quality Bond Trust 532
Money Market Trust 5,486
Opportunistic Fixed Income Trust 359
Portfolio Commitment fee
Select Bond Trust $11,376
Short Term Government Income Trust 605
Strategic Income Opportunities Trust 604
Total Bond Market Trust 2,678
Ultra Short Term Bond Trust 522
 
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
148

Table of Contents
Significant accounting policies, continued
    
For federal income tax purposes, as of December 31, 2025, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of December 31, 2025:
  No Expiration Date
Portfolio Short Term Long Term
Active Bond Trust $19,870,273 $47,789,634
Core Bond Trust 53,521,972 85,549,145
High Yield Trust 2,118,208 83,473,751
Investment Quality Bond Trust 11,327,101 14,789,879
Money Market Trust 1,412
Opportunistic Fixed Income Trust 8,681,467 15,106,577
Select Bond Trust 380,519,426 477,793,813
Short Term Government Income Trust 3,137,922 28,977,274
Strategic Income Opportunities Trust 4,158,319 29,630,811
Total Bond Market Trust 10,666,303 34,600,137
Ultra Short Term Bond Trust 6,887,040 21,245,095
As of December 31, 2025, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on June 30, 2026, including short-term investments, were as follows:
Portfolio Aggregate
cost
Unrealized
appreciation
Unrealized
(depreciation)
Net unrealized
appreciation/
(depreciation)
Active Bond Trust $569,045,745 $4,219,496 $(21,529,797) $(17,310,301)
Core Bond Trust 691,458,798 2,494,649 (10,913,544) (8,418,895)
High Yield Trust 202,838,610 2,740,276 (11,574,361) (8,834,085)
Investment Quality Bond Trust 244,794,050 1,478,374 (13,497,075) (12,018,701)
Money Market Trust 2,075,268,289
Opportunistic Fixed Income Trust 163,311,613 2,448,301 (6,280,882) (3,832,581)
Select Bond Trust 489,972,206 3,373,356 (14,230,397) (10,857,041)
Short Term Government Income Trust 251,958,575 82,310 (3,570,128) (3,487,818)
Strategic Income Opportunities Trust 304,799,541 4,053,548 (6,184,749) (2,131,201)
Total Bond Market Trust 1,128,276,074 3,418,916 (66,318,664) (62,899,748)
Ultra Short Term Bond Trust 206,599,036 46,498 (823,038) (776,540)
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The portfolios generally declare and pay dividends from net investment income, if any, at least annually with the exception of Money Market Trust, which declares dividends daily and pays monthly from net investment income, if any. Capital gain distributions, if any, are typically distributed annually.
Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis, if any, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios' financial statements as a return of capital. The final determination of tax characteristics of the portfolios' distribution will occur at the end of the year and will subsequently be reported to shareholders.
Capital accounts within the financial statements are adjusted for permanent book-tax differences at fiscal year end. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to straddle loss deferrals, foreign currency transactions, derivative transactions, amortization and accretion on debt securities, and wash sale loss deferrals.
3.  Derivative instruments
The portfolios may invest in derivatives in order to meet their investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the portfolios are exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.
Derivatives which are typically traded through the OTC market are regulated by the Commodity Futures Trading Commission (the CFTC). Derivative counterparty risk is managed through an ongoing evaluation of the creditworthiness of all potential counterparties and, if applicable, designated clearing organizations. The portfolios attempt to reduce their exposure to counterparty risk for derivatives traded in the OTC market, whenever possible, by entering into an International Swaps and Derivatives Association (ISDA) Master Agreement with each of their OTC counterparties. The ISDA gives each party to the agreement the right to terminate all transactions traded under the agreement if there is certain deterioration in the credit quality or contractual default of the other party, as defined in the ISDA. Upon an event of default or a termination of the ISDA, the non-defaulting party has the right to close out all transactions and to net amounts owed.
149

Table of Contents
Derivative instruments, continued
    
As defined by the ISDA, the portfolios may have collateral agreements with certain counterparties to mitigate counterparty risk on OTC derivatives. Subject to established minimum levels, collateral for OTC transactions is generally determined based on the net aggregate unrealized gain or loss on contracts with a particular counterparty. Collateral pledged to the portfolios, if any, are held in a segregated account by a third-party agent or held by the custodian bank for the benefit of the portfolios and can be in the form of cash or debt securities issued by the U.S. government or related agencies; collateral posted by the portfolios, if any, for OTC transactions is held in a segregated account at the portfolios' custodian and is noted in the accompanying portfolio of investments, or if cash is posted, on the Statements of assets and liabilities. The portfolios' risk of loss due to counterparty risk is equal to the asset value of outstanding contracts offset by collateral received.
Certain derivatives are traded or cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a portfolio than OTC transactions. The exchange or clearinghouse stands between the portfolios and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.
Centrally-cleared swap contracts are subject to clearinghouse rules, including initial and variation margin requirements, daily settlement of obligations and the clearinghouse guarantee of payments to the broker. There is, however, still counterparty risk due to the potential insolvency of the broker with respect to any margin held in the brokers’ customer accounts. While clearing members are required to segregate customer assets from their own assets, in the event of insolvency, there may be a shortfall in the amount of margin held by the broker for its clients. Collateral or margin requirements for centrally-cleared derivatives are set by the broker or applicable clearinghouse. Margin for centrally-cleared transactions is included in Receivable/Payable for centrally-cleared swaps in the Statements of assets and liabilities. Securities pledged by the portfolios for centrally-cleared transactions, if any, are identified in the Portfolio of investments.
Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and cleared through a central clearinghouse. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument and potential losses in excess of the amounts recognized on the Statements of assets and liabilities. Use of long futures contracts subjects the portfolios to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the portfolios to unlimited risk of loss.
Upon entering into a futures contract, the portfolios are required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by the portfolios, if any, is detailed in the Statements of assets and liabilities as Collateral held at broker for futures contracts. Securities pledged by the portfolios, if any, are identified in the Portfolios of investments. Subsequent payments, referred to as variation margin, are made or received by the portfolios periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the portfolios. Receivable/Payable for futures variation margin is included in the Statements of assets and liabilities. When the contract is closed, the portfolios record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
The following table details how the portfolios used futures contracts during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Active Bond Trust To manage against changes in interest rates and manage duration of the portfolio. Up to $2.9 million
Investment Quality Bond Trust To manage against changes in interest rates, gain exposure to certain bond markets and manage duration of the portfolio. From $30.6 million to $36.8 million
Opportunistic Fixed Income Trust To manage against changes in interest rates, gain exposure to certain bond markets and manage duration of the portfolio. From $28.9 million to $74.7 million
Select Bond Trust To manage against changes in interest rates and manage duration of the portfolio. Up to $2.0 million
Short Term Government Income Trust To manage against changes in interest rates and manage duration of the portfolio. From $3.1 to $6.3 million
Strategic Income Opportunities Trust To manage duration of the portfolio. From $10.4 million to $17.3 million
Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell specific currencies at a price that is set on the date of the contract. The forward contract calls for delivery of the currencies on a future date that is specified in the contract. Forwards are typically traded OTC. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral if applicable, and the risk that currency movements will not favor the portfolios thereby reducing the portfolios' total return, and the potential for losses in excess of the amounts recognized on the Statements of assets and liabilities.
The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by the portfolio as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency or settlement with the counterparty.
The following table details how the portfolios used forward foreign currency contracts during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Investment Quality Bond Trust To manage against changes in foreign currency exchange rates and to gain exposure to foreign currencies. From $3.0 million to $3.7 million
Opportunistic Fixed Income Trust To manage against changes in foreign currency exchange rates and to gain exposure to foreign currencies. From $155.5 million to $213.2 million
Strategic Income Opportunities Trust To manage against changes in foreign currency exchange rates and to enhance potential gain/income. From $109.6 million to $158.0 million
Options. There are two types of options, put options and call options. Options are traded either OTC or on an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying asset at the exercise price. A put option gives the purchaser of the option
150

Table of Contents
Derivative instruments, continued
    
the right to sell (and the writer the obligation to buy) the underlying asset at the exercise price. Writing puts and buying calls may increase the portfolios' exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the portfolios' exposure to such changes. Risks related to the use of options include the loss of premiums on purchased options, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values, and for written options, potential losses in excess of the amounts recognized on the Statements of assets and liabilities. In addition, OTC options are subject to the risks of all OTC derivatives contracts.
Purchased options are included in the Portfolio of investments and are subsequently “marked-to-market” to reflect current market value. If a purchased option expires, a portfolio realizes a loss equal to the premium paid for the option. Premiums paid for purchased options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying asset transaction to determine the realized gain (loss). Written options are included as liabilities in the Statements of assets and liabilities and are “marked-to-market” to reflect the current market value. If the written option expires, a portfolio realizes a gain equal to the premium received. Premiums received from writing options which are exercised or closed are added to the proceeds or offset against amounts paid on the underlying asset transaction to determine the realized gain (loss). 
The following table details how the portfolios used written options contracts during the six months ended June 30, 2026. In addition, the table summarizes the range of market value amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason Market value range
Strategic Income Opportunities Trust To manage against changes in foreign currency exchange rates, to generate potential income from options premiums and to gain exposure to foreign currencies. At June 30, 2026, there were no open written options contracts. Up to $131,000, as measured during the period
Swaps. Swap agreements are agreements between the portfolio and a counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the OTC market (OTC swaps) or may be executed on a registered commodities exchange (centrally cleared swaps). Swaps are marked-to-market daily and the change in value is recorded as a component of unrealized appreciation/depreciation of swap contracts. The value of the swap will typically impose collateral posting obligations on the party that is considered out-of-the-money on the swap.
Upfront payments made/received by the portfolios, if any, are amortized/accreted for financial reporting purposes, with the unamortized/unaccreted portion included in the Statement of assets and liabilities. A termination payment by the counterparty or the portfolios is recorded as realized gain or loss, as well as the net periodic payments received or paid by the portfolios.
Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk that may provide outcomes that produce losses in excess of the amounts recognized on the Statement of assets and liabilities. Such risks involve the possibility that there will be no liquid market for the swap, or that a counterparty may default on its obligation or delay payment under the swap terms. The counterparty may disagree or contest the terms of the swap. In addition to interest rate risk, market risks may also impact the swap. The portfolios may also suffer losses if it is unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.
Interest rate swaps. Interest rate swaps represent an agreement between the portfolio and a counterparty to exchange cash flows based on the difference between two interest rates applied to a notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The portfolios settles accrued net interest receivable or payable under the swap contracts at specified, future intervals.
The following table details how the portfolios used interest rate swaps contracts during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Investment Quality Bond Trust To manage against changes in interest rates and to manage duration of the portfolio. From $6.3 million to $8.3 million
Opportunistic Fixed Income Trust To manage against changes in interest rates and to manage duration of the portfolio. From $52.9 million to $124.9 million
Credit default swaps. Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by the Buyer), for protection against the loss in value of an underlying debt instrument, referenced entity or index, in the event of a defined credit event (such as payment default or bankruptcy). Under the terms of the swap, one party acts as a “guarantor” (the Seller), receiving the premium and agreeing to contingent payments that are specified within the credit default agreement. The portfolios may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the portfolios may incur economic leverage since it would be obligated to pay the Buyer the notional amount of the contract in the event of a default. The amount of loss in such case could be significant, but would typically be reduced by any recovery value on the underlying credit.
Credit default swaps — Buyer
The following table details how the portfolios used credit default swap contracts as the buyer during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Opportunistic Fixed Income Trust To manage against potential credit events. From $25.1 million to $74.1 million
Credit default swaps — Seller
Implied credit spreads are utilized in determining the market value of CDS agreements in which the portfolio is the Seller at period end. The implied credit spread generally represents the yield of the instrument above a credit-risk free rate, such as the U.S. Treasury Bond Yield, and may include upfront payments required to be made to enter into the agreement. It also serves as an indicator of the current status of the payment/performance risk and represents the likelihood or risk of default for the credit derivative. Wider credit spreads represent a deterioration of the referenced entity’s creditworthiness and an increased risk of default or other credit event occurring as defined under the terms of the agreement.
For CDS agreements where implied credit spreads are not reported or available, the average credit rating on the underlying index is shown. A deterioration
151

Table of Contents
Derivative instruments, continued
    
of the referenced entity’s creditworthiness would indicate a greater likelihood of a credit event occurring and result in increasing market values, in absolute terms when compared to the notional amount of the swap. The maximum potential amount of future payments (undiscounted) that the portfolio as the Seller could be required to make under any CDS agreement equals the notional amount of the agreement.
The following table details how the portfolios used credit default swap contracts as the seller during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
High Yield Trust To gain credit exposure to an issuer or index. As of June 30, 2026, there were no open credit default sell contracts. Up to $2.3 million, as measured during the period
Investment Quality Bond Trust To gain credit exposure to an issuer or index. Up to $6.8 million
Opportunistic Fixed Income Trust To gain credit exposure to an issuer or index. From $24,000 to $9.2 million
Inflation swaps. In an inflation swap, one party pays a fixed rate on a notional principal amount while the other party pays a floating rate linked to an inflation index on that same notional amount. The party paying the floating rate pays the inflation adjusted rate multiplied by the notional principal amount. If the average inflation rate over the term of the swap is the same as the fixed rate of the swap, the two legs will have the same value and the swap will break even.
The following table details how the portfolios used inflation swaps during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Opportunistic Fixed Income Trust To manage exposure to inflation risk. From $9.7 million to $16.1 million
Total Return Swaps. The portfolios may enter into total return swap contracts to obtain synthetic exposure to a specific reference asset or index without owning, taking physical custody of, or short selling the underlying assets. Total return swaps are commitments where one party pays a fixed or variable rate premium (the Buyer) in exchange for a market-linked return (the Seller). The Seller pays the total return of a specific reference asset or index and in return receives interest payments from the Buyer. To the extent the total return of the underlying asset or index exceeds or falls short of the offsetting interest rate obligation, the Buyer will receive or make a payment to the Seller. A portfolio may enter into total return swaps in which it may act as either the Buyer or the Seller. Total return swap contracts are subject to the risk associated with the investment in the underlying reference asset or index. The risk in the case of short total return swap contracts is unlimited based on the potential for unlimited increases in the market value of the underlying reference asset or index.
The following table details how the portfolios used total return swaps during the six months ended June 30, 2026. In addition, the table summarizes the range of notional contract amounts held by the portfolios, as measured at each quarter end:
Portfolio Reason USD Notional range
Opportunistic Fixed Income Trust To gain exposure to a security or market without investing directly in such security or market and to exchange the risk/return of one market with another. From $26.5 million to $37.2 million
Fair value of derivative instruments by risk category
The table below summarizes the fair value of derivatives held by the portfolios at June 30, 2026 by risk category:
Portfolio Risk Statements of
assets and
liabilities location
Financial
instruments
location
Assets
derivatives
fair value
Liabilities
derivatives
fair value
Active Bond Trust Interest rate Receivable/payable for futures variation margin1 Futures $22,920
Investment Quality Bond Trust Interest rate Receivable/payable for futures variation margin1 Futures $54,639 $(104,262)
  Currency Unrealized appreciation (depreciation) on forward foreign currency contracts Forward foreign currency contracts 9,962 (2,917)
  Credit Swap contracts, at value2 Credit default swaps 336,963 (51,226)
  Interest rate Swap contracts, at value2 Interest rate swaps 676,516
        $1,078,080 $(158,405)
152

Table of Contents
Derivative instruments, continued
    
Portfolio Risk Statements of
assets and
liabilities location
Financial
instruments
location
Assets
derivatives
fair value
Liabilities
derivatives
fair value
Opportunistic Fixed Income Trust Interest rate Receivable/payable for futures variation margin1 Futures $395,839 $(108,817)
  Currency Unrealized appreciation (depreciation) on forward foreign currency contracts Forward foreign currency contracts 709,673 (433,913)
  Credit Swap contracts, at value2 Credit default swaps 298,702 (1,671,994)
  Interest rate Swap contracts, at value Total return swaps 22,761 (594,144)
  Interest rate Swap contracts, at value2 Interest rate swaps 626,637 (661,332)
  Inflation Swap contracts, at value Inflation swaps 346,374 (77,699)
        $2,399,986 $(3,547,899)
Select Bond Trust Interest rate Receivable/payable for futures variation margin1 Futures $57,218
Short Term Government Income Trust Interest rate Receivable/payable for futures variation margin1 Futures $597
Strategic Income Opportunities Trust Interest rate Receivable/payable for futures variation margin1 Futures $34,346 $(112,228)
  Currency Unrealized appreciation (depreciation) on forward foreign currency contracts Forward foreign currency contracts 791,520 (756,801)
        $825,866 $(869,029)
   
1 Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of the Portfolios of investments. Only the period end variation margin receivable/payable is separately reported on the Statements of assets and liabilities.
2 Reflects cumulative value of swap contracts. Receivable/payable for centrally cleared swaps, which includes value and margin, are shown separately on the Statements of assets and liabilities.
For financial reporting purposes, the portfolios do not offset OTC derivative assets or liabilities that are subject to master netting arrangements, as defined by the ISDAs, in the Statements of assets and liabilities. In the event of default by the counterparty or a termination of the agreement, the ISDA allows an offset of amounts across the various transactions between the portfolio and the applicable counterparty. 
Effect of derivative instruments on the Statements of operations
The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended June 30, 2026:
    Statements of operations location - Net realized gain (loss) on:  
Portfolio Risk Futures contracts Forward foreign
currency contracts
Written options Swap contracts Total
Active Bond Trust Interest rate $(21,834) $(21,834)
High Yield Trust Credit $61,056 $61,056
Investment Quality Bond Trust Interest rate $(169,960) $699,896 $529,936
  Currency $94,664 94,664
  Credit 60,809 60,809
  Total $(169,960) $94,664 $760,705 $685,409
Opportunistic Fixed Income Trust Interest rate $(424,377) $334,704 $(89,673)
  Currency $(1,088,512) (1,088,512)
  Credit (126,153) (126,153)
  Inflation (5,793) (5,793)
  Total $(424,377) $(1,088,512) $202,758 $(1,310,131)
Select Bond Trust Interest rate $154,954 $154,954
Short Term Government Income Trust Interest rate $(49,374) $(49,374)
Strategic Income Opportunities Trust Interest rate $310,459 $310,459
  Currency $(1,231,476) $106,770 (1,124,706)
  Total $310,459 $(1,231,476) $106,770 $(814,247)
The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the six months ended June 30, 2026:
    Statements of operations location - Change in net unrealized appreciation (depreciation) of:  
Portfolio Risk Futures contracts Forward foreign
currency contracts
Written options Swap contracts Total
Active Bond Trust Interest rate $22,920 $22,920
153

Table of Contents
Derivative instruments, continued
    
    Statements of operations location - Change in net unrealized appreciation (depreciation) of:  
Portfolio Risk Futures contracts Forward foreign
currency contracts
Written options Swap contracts Total
Investment Quality Bond Trust Interest rate $(141,703) $(610,409) $(752,112)
  Currency $14,707 14,707
  Credit 10,046 10,046
  Total $(141,703) $14,707 $(600,363) $(727,359)
Opportunistic Fixed Income Trust Interest rate $298,040 $(123,205) $174,835
  Currency $338,626 338,626
  Credit 170,402 170,402
  Inflation (93,118) (93,118)
  Total $298,040 $338,626 $(45,921) $590,745
Select Bond Trust Interest rate $57,218 $57,218
Short Term Government Income Trust Interest rate $4,164 $4,164
Strategic Income Opportunities Trust Interest rate $(82,187) $(82,187)
  Currency $62,756 $27,997 90,753
  Total $(82,187) $62,756 $27,997 $8,566
4.  Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
5.  Fees and transactions with affiliates
John Hancock Variable Trust Advisers LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Distributors, LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
Management fee. Under an investment management agreement, the portfolios pay a daily management fee to the Advisor based on the net assets of the respective portfolio or aggregate net assets, which include the net assets of the respective portfolio and the net assets of a similar portfolio within the John Hancock group of funds complex unless otherwise noted. The annual rate for each portfolio is as follows:
•  Active Bond Trust — a) 0.60% of the first $2.5 billion of average net assets; b) 0.575% of average net assets between $2.5 billion and $5.0 billion; and c) 0.55% of the excess over $5.0 billion of average net assets.
•  Core Bond Trust — a) 0.69% of the first $200 million of aggregate net assets; b) 0.64% of the next $200 million of aggregate net assets; c) 0.57% of the next $600 million of aggregate net assets; d) 0.56% of the next $1 billion of aggregate net assets; and e) 0.55% of the excess over $2 billion of aggregate net assets.
•  High Yield Trust — a) 0.625% of the first $75 million of aggregate net assets; b) 0.5625% of the next $75 million of aggregate net assets; c) 0.50% of the next $350 million of aggregate net assets; d) 0.475% of the next $2 billion of aggregate net assets; and e) 0.45% of the excess over $2.5 billion of aggregate net assets.
•  Investment Quality Bond Trust— a) 0.60% of the first $500 million of average net assets and b) 0.55% of the excess over $500 million of average net assets.
•  Money Market Trust — a) 0.50% of the first $500 million of aggregate net assets; b) 0.425% of the next $250 million aggregate net assets; c) 0.375% of the next $250 million aggregate net assets; d) 0.35% of the next $500 million aggregate net assets; e) 0.325% of the next $500 million aggregate net assets; f) 0.30% of the next $500 million aggregate net assets; and g) 0.275% of the excess over $2.5 billion of aggregate net assets.
•  Opportunistic Fixed Income Trust — a) 0.65% of the first $1 billion of aggregate net assets and b) 0.625% of the excess over $1 billion of aggregate net assets.
•  Select Bond Trust — a) 0.65% of the first $500 million of average net assets; b) 0.60% of the next $1 billion of average net assets; c) 0.575% of the next $1 billion of average net assets; d) 0.55% of the next $7.5 billion of average net assets; and e) 0.525% of the excess over $10 billion of average net assets.
•  Short Term Government Income Trust— a) 0.57% of the first $250 million of average net assets and b) 0.55% of the excess over $250 million of average net assets.
•  Strategic Income Opportunities Trust— 0.68% of the first $500 million of aggregate net assets; b) 0.63% of the next $3 billion of aggregate net assets; c) 0.58% of the next $4 billion of aggregate net assets; d) 0.57% of the next $4.5 billion of aggregate net assets; and e) 0.555% of the excess over $12 billion of aggregate net assets.
•  Total Bond Market Trust — a) 0.47% of the first $1.5 billion of average net assets and b) 0.46% of the excess over $1.5 billion of average net assets.
•  Ultra Short Term Bond Trust— a) 0.55% of the first $250 million of average net assets and b) 0.53% of the excess over $250 million of average net assets.
154

Table of Contents
Fees and transactions with affiliates, continued
    
The organizations described below act as the subadvisors to the Trust and certain of its portfolios pursuant to Subadvisory Agreements with the Advisor. Portfolio management is allocated among the following subadvisors.
Portfolio Subadvisor(s)
Core Bond Trust Allspring Global Investments, LLC
Active Bond Trust
High Yield Trust2
Money Market Trust
Select Bond Trust
Short Term Government Income Trust
Strategic Income Opportunities Trust
Total Bond Market Trust
Ultra Short Term Bond Trust
Manulife Investment Management (US) LLC (Manulife IM (US))1
Investment Quality Bond Trust
Opportunistic Fixed Income Trust
Wellington Management Company LLP
1  An affiliate of the Advisor.
2  Effective June 25, 2026 (the Effective Date), the Trust's Board of Trustees approved a new sub-subadvisory agreement between Manulife IM (US) and CQS (US), LLC, an affiliate of Manulife IM (US), with respect to the portfolio. Also on the Effective Date, Manulife IM (US) entered into a participating affiliates agreement with CQS (UK) LLP, an affiliate of Manulife IM (US), with respect to the portfolio.
The portfolios are not responsible for payment of the subadvisory fees.
Expense reimbursements. The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the portfolios (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each portfolio. During the six months ended June 30, 2026, this waiver amounted to 0.01% of the portfolios’ average net assets, on an annualized basis. This agreement expires on July 31, 2027, unless renewed by mutual agreement of the portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
The Advisor has contractually agreed to waive its management fee on Money Market Trust and Total Bond Market Trust or, if necessary, make payment to the portfolios in an amount so that the annual operating expenses do not exceed 0.28% and 0.25%, respectively, of the portfolios’ average net assets. This waiver includes all expenses except taxes, brokerage commissions, interest expense, short dividends, acquired fund fees, class-specific expenses, borrowing costs, prime brokerage fees, litigation and indemnification expenses and extraordinary expenses not incurred in the ordinary course of the portfolio’s business. This agreement expires on April 30, 2027, unless renewed by mutual agreement of the Advisor and the portfolio based upon a determination that this is appropriate under the circumstances at that time.
The Advisor voluntarily agreed to waive a portion of its management fee if certain expenses of the portfolios exceed 0.15% of average net assets for each of the portfolios with the exception of Total Bond Market Trust. Expenses excluded from this waiver are taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio’s business, management fees, Rule 12b-1 fees, underlying fund expenses and short dividends. This expense reduction will continue in effect until terminated by the Advisor.
The Advisor has voluntarily agreed to waive its management fees by 0.02% of the average daily net assets of Opportunistic Fixed Income Trust and Select Bond Trust. These voluntary advisory fee waivers may be terminated at any time by the Advisor upon notice to the Trust.
The Advisor has voluntarily agreed to waive its management fees by 0.06% of the average daily net assets of Ultra Short Term Bond Trust. This voluntary advisory fee waiver may be terminated at any time by the Advisor upon notice to the Trust.
The Advisor has voluntarily agreed to waive and/or reimburse all class-specific expenses for Series I and Series II shares of the Select Bond Trust to the extent they exceed 0.04% and 0.24%, respectively, of average net assets on an annualized basis attributable to the class (the class expense waiver). This voluntary class specific waiver may be terminated at any time by the Advisor upon notice to the Trust.
For the six months ended June 30, 2026, the expense reductions described above amounted to the following:
  Expense reimbursement by class
Portfolio Series I Series II Series NAV Total
Active Bond Trust $1,185 $4,504 $20,867 $26,556
Core Bond Trust 2,729 4,075 27,056 33,860
High Yield Trust 2,196 1,383 5,176 8,755
Investment Quality Bond Trust 4,142 2,154 3,411 9,707
Money Market Trust 809,160 20,269 272,885 1,102,314
Opportunistic Fixed Income Trust 12,484 23,519 58,385 94,388
Select Bond Trust 24,023 62,845 313,689 400,557
Short Term Government Income Trust 931 671 9,848 11,450
Strategic Income Opportunities Trust 2,742 4,130 8,032 14,904
Total Bond Market Trust 477,219 54,514 870,690 1,402,423
Ultra Short Term Bond Trust 3,473 53,055 14,003 70,531
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
155

Table of Contents
Fees and transactions with affiliates, continued
    
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended June 30, 2026, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
Portfolio Net Annual Effective Rate
Active Bond Trust 0.59%
Core Bond Trust 0.57%
High Yield Trust 0.48%
Investment Quality Bond Trust 0.59%
Money Market Trust 0.24%
Opportunistic Fixed Income Trust 0.52%
Portfolio Net Annual Effective Rate
Select Bond Trust 0.55%
Short Term Government Income Trust 0.56%
Strategic Income Opportunities Trust 0.63%
Total Bond Market Trust 0.21%
Ultra Short Term Bond Trust 0.48%
 
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended June 30, 2026, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares:
Class Rule 12b-1 Fee
Series I 0.15%
Series II 0.35%
Currently, only 0.05% for Series I shares and 0.25% for Series ll shares are charged for Rule 12b-1 fees.
Distribution and service fees for the six months ended June 30, 2026 were as follows:
  Distribution and service fees by class
Portfolio Series l Series ll Total
Active Bond Trust $6,182 $117,549 $123,731
Core Bond Trust 14,600 108,946 123,546
High Yield Trust 11,205 35,272 46,477
Investment Quality Bond Trust 22,174 57,699 79,873
Money Market Trust 383,073 47,967 431,040
Opportunistic Fixed Income Trust 4,676 43,969 48,645
Select Bond Trust 30,499 398,874 429,373
Short Term Government Income Trust 4,999 18,010 23,009
Strategic Income Opportunities Trust 12,875 97,028 109,903
Total Bond Market Trust 90,372 51,620 141,992
Ultra Short Term Bond Trust 2,484 189,333 191,817
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.
Interfund lending program. Pursuant to an Exemptive Order issued by the SEC, the portfolios, along with certain other funds advised by the Advisor or its affiliates, may participate in an interfund lending program. This program provides an alternative credit facility allowing the portfolios to borrow from, or lend money to, other participating affiliated funds. At period end, open loans, if any, are presented under the caption Interfund lending receivable/payable in the Statements of assets and liabilities. Interest expense is included in Other expenses on the Statements of operations. The portfolios' activity in this program during the period for which loans were outstanding was as follows:
Portfolio Borrower
or Lender
Weighted Average
Loan Balance
Days
Outstanding
Weighted Average
Interest Rate
Interest Income
(Expense)
Investment Quality Bond Trust Lender $2,700,000 1 4.120% $309
Money Market Trust Lender 5,200,000 1 4.135% $597
Opportunistic Fixed Income Trust Lender 2,800,000 1 4.145% $322
156

Table of Contents
6.  Portfolio share transactions
Transactions in portfolios' shares for the six months ended June 30, 2026 and for the year ended December 31, 2025 were as follows:
Active Bond Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 177,110 $1,484,846 204,638 $1,719,643
Distributions reinvested 131,894 1,101,311
Repurchased (230,092) (1,928,675) (494,176) (4,136,646)
Net decrease (52,982) $(443,829) (157,644) $(1,315,692)
Series II shares        
Sold 719,985 $6,067,472 1,192,860 $10,144,143
Distributions reinvested 506,631 4,240,506
Repurchased (1,257,337) (10,547,869) (2,043,566) (17,145,537)
Net decrease (537,352) $(4,480,397) (344,075) $(2,760,888)
Series NAV shares        
Sold 482,868 $4,048,442 1,172,095 $9,880,612
Distributions reinvested 2,312,344 19,331,192
Repurchased (968,479) (8,123,927) (3,098,457) (25,969,421)
Net increase (decrease) (485,611) $(4,075,485) 385,982 $3,242,383
Total net decrease (1,075,945) $(8,999,711) (115,737) $(834,197)
Core Bond Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 110,881 $1,262,509 314,425 $3,586,273
Distributions reinvested 220,891 2,511,526
Repurchased (304,745) (3,468,091) (772,557) (8,792,174)
Net decrease (193,864) $(2,205,582) (237,241) $(2,694,375)
Series II shares        
Sold 487,669 $5,539,092 969,912 $11,028,649
Distributions reinvested 300,282 3,408,205
Repurchased (308,337) (3,503,245) (595,720) (6,742,125)
Net increase 179,332 $2,035,847 674,474 $7,694,729
Series NAV shares        
Sold 2,006,858 $22,686,951 2,722,494 $30,988,750
Distributions reinvested 2,434,328 27,507,907
Repurchased (14,638,836) (165,261,965) (7,133,948) (80,331,814)
Net decrease (12,631,978) $(142,575,014) (1,977,126) $(21,835,157)
Total net decrease (12,646,510) $(142,744,749) (1,539,893) $(16,834,803)
High Yield Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 572,674 $2,769,471 560,892 $2,772,285
Distributions reinvested 726,461 3,436,160
Repurchased (1,011,196) (4,866,753) (1,453,943) (7,106,758)
Net decrease (438,522) $(2,097,282) (166,590) $(898,313)
Series II shares        
Sold 408,728 $2,055,605 378,733 $1,945,166
Distributions reinvested 414,642 2,027,601
Repurchased (529,566) (2,635,909) (1,086,284) (5,482,103)
Net decrease (120,838) $(580,304) (292,909) $(1,509,336)
Series NAV shares        
Sold 1,270,755 $6,014,970 2,401,648 $11,324,234
Distributions reinvested 1,696,006 7,835,548
Repurchased (2,152,615) (10,173,775) (2,471,933) (11,764,724)
Net increase (decrease) (881,860) $(4,158,805) 1,625,721 $7,395,058
Total net increase (decrease) (1,441,220) $(6,836,391) 1,166,222 $4,987,409
157

Table of Contents
Portfolio share transactions, continued
    
Investment Quality Bond Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 381,835 $3,748,235 687,111 $6,790,167
Distributions reinvested 419,356 4,101,302
Repurchased (729,928) (7,135,724) (1,759,232) (17,200,389)
Net decrease (348,093) $(3,387,489) (652,765) $(6,308,920)
Series II shares        
Sold 309,931 $3,036,647 479,864 $4,755,526
Distributions reinvested 215,247 2,107,265
Repurchased (598,011) (5,844,911) (948,312) (9,289,140)
Net decrease (288,080) $(2,808,264) (253,201) $(2,426,349)
Series NAV shares        
Sold 383,149 $3,722,650 1,790,233 $17,517,792
Distributions reinvested 315,878 3,073,490
Repurchased (276,434) (2,691,443) (1,999,467) (19,342,985)
Net increase 106,715 $1,031,207 106,644 $1,248,297
Total net decrease (529,458) $(5,164,546) (799,322) $(7,486,972)
Money Market Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 91,140,891 $91,140,891 306,034,920 $306,034,920
Distributions reinvested 26,021,568 26,021,568 65,760,417 65,760,417
Repurchased (199,458,757) (199,458,757) (441,581,018) (441,581,018)
Net decrease (82,296,298) $(82,296,298) (69,785,681) $(69,785,681)
Series II shares        
Sold 573,156 $573,156 107,355 $107,355
Distributions reinvested 613,420 613,420 1,645,226 1,645,226
Repurchased (4,355,846) (4,355,846) (9,771,519) (9,771,519)
Net decrease (3,169,270) $(3,169,270) (8,018,938) $(8,018,938)
Series NAV shares        
Sold 123,118,265 $123,118,265 418,216,681 $418,216,681
Distributions reinvested 8,909,001 8,909,001 22,464,380 22,464,380
Repurchased (145,375,247) (145,375,247) (436,380,595) (436,380,595)
Net increase (decrease) (13,347,981) $(13,347,981) 4,300,466 $4,300,466
Total net decrease (98,813,549) $(98,813,549) (73,504,153) $(73,504,153)
Opportunistic Fixed Income Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 39,426 $438,751 87,113 $971,951
Distributions reinvested 103,934 1,147,431
Repurchased (114,118) (1,257,638) (234,316) (2,589,602)
Net decrease (74,692) $(818,887) (43,269) $(470,220)
Series II shares        
Sold 185,649 $2,024,520 292,178 $3,211,787
Distributions reinvested 203,857 2,205,737
Repurchased (345,921) (3,734,511) (630,385) (6,814,117)
Net decrease (160,272) $(1,709,991) (134,350) $(1,396,593)
Series NAV shares        
Sold 368,481 $4,052,280 819,290 $9,112,725
Distributions reinvested 486,009 5,336,378
Repurchased (323,913) (3,538,418) (1,056,624) (11,696,662)
Net increase 44,568 $513,862 248,675 $2,752,441
Total net increase (decrease) (190,396) $(2,015,016) 71,056 $885,628
Select Bond Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 651,853 $7,797,247 796,834 $9,615,856
Distributions reinvested 447,365 5,323,649
Repurchased (996,539) (11,885,948) (2,067,620) (24,570,650)
Net decrease (344,686) $(4,088,701) (823,421) $(9,631,145)
158

Table of Contents
Portfolio share transactions, continued
    
Select Bond Trust, Cont'd Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series II shares        
Sold 2,113,054 $25,245,818 6,077,893 $72,562,707
Distributions reinvested 1,128,905 13,456,550
Repurchased (3,606,399) (43,061,398) (9,458,958) (112,352,874)
Net decrease (1,493,345) $(17,815,580) (2,252,160) $(26,333,617)
Series NAV shares        
Sold 1,645,429 $19,592,052 8,989,518 $107,509,643
Distributions reinvested 18,044,386 214,367,302
Repurchased (433,148,417) (5,192,478,463) (57,579,903) (678,935,724)
Net decrease (431,502,988) $(5,172,886,411) (30,545,999) $(357,058,779)
Total net decrease (433,341,019) $(5,194,790,692) (33,621,580) $(393,023,541)
Short Term Government Income Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 278,401 $3,265,630 379,069 $4,400,379
Distributions reinvested 32,131 375,929
Repurchased (210,304) (2,476,028) (756,096) (8,836,877)
Net increase (decrease) 68,097 $789,602 (344,896) $(4,060,569)
Series II shares        
Sold 119,692 $1,408,098 337,310 $3,925,141
Distributions reinvested 19,857 232,325
Repurchased (162,957) (1,915,956) (446,320) (5,186,801)
Net decrease (43,265) $(507,858) (89,153) $(1,029,335)
Series NAV shares        
Sold 1,553,982 $18,280,224 8,683,598 $100,400,137
Distributions reinvested 328,780 3,846,727
Repurchased (1,225,632) (14,401,658) (1,930,671) (22,482,018)
Net increase 328,350 $3,878,566 7,081,707 $81,764,846
Total net increase 353,182 $4,160,310 6,647,658 $76,674,942
Strategic Income Opportunities Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 322,851 $4,068,803 742,718 $9,551,754
Distributions reinvested 318,118 3,976,478
Repurchased (409,544) (5,177,769) (14,517,780) (190,567,351)
Net decrease (86,693) $(1,108,966) (13,456,944) $(177,039,119)
Series II shares        
Sold 507,555 $6,439,161 758,319 $9,855,933
Distributions reinvested 468,811 5,878,894
Repurchased (341,845) (4,324,823) (459,517) (5,952,303)
Net increase 165,710 $2,114,338 767,613 $9,782,524
Series NAV shares        
Sold 2,870,728 $35,956,225 3,931,296 $49,287,874
Distributions reinvested 670,490 8,347,596
Repurchased (224,222) (2,825,932) (4,772,125) (60,662,226)
Net increase (decrease) 2,646,506 $33,130,293 (170,339) $(3,026,756)
Total net increase (decrease) 2,725,523 $34,135,665 (12,859,670) $(170,283,351)
Total Bond Market Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 3,138,791 $28,602,233 6,643,285 $60,317,096
Distributions reinvested 1,376,536 12,526,477
Repurchased (2,629,349) (23,937,050) (5,301,014) (47,941,341)
Net increase 509,442 $4,665,183 2,718,807 $24,902,232
Series II shares        
Sold 513,547 $4,690,526 889,654 $8,113,371
Distributions reinvested 161,169 1,468,247
Repurchased (606,156) (5,524,266) (1,276,194) (11,570,571)
Net decrease (92,609) $(833,740) (225,371) $(1,988,953)
159

Table of Contents
Portfolio share transactions, continued
    
Total Bond Market Trust, Cont'd Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series NAV shares        
Sold 1,990,840 $18,170,644 18,458,980 $167,480,115
Distributions reinvested 2,777,354 25,273,918
Repurchased (4,895,778) (44,567,519) (18,476,893) (167,182,923)
Net increase (decrease) (2,904,938) $(26,396,875) 2,759,441 $25,571,110
Total net increase (decrease) (2,488,105) $(22,565,432) 5,252,877 $48,484,389
Ultra Short Term Bond Trust Six Months Ended 6-30-26 Year Ended 12-31-25
  Shares Amount Shares Amount
Series I shares        
Sold 285,697 $3,274,223 307,998 $3,566,270
Distributions reinvested 40,342 456,667
Repurchased (301,607) (3,462,021) (353,724) (4,101,006)
Net decrease (15,910) $(187,798) (5,384) $(78,069)
Series II shares        
Sold 2,579,415 $29,576,002 4,063,858 $47,202,933
Distributions reinvested 659,273 7,462,974
Repurchased (2,947,100) (33,798,126) (6,774,566) (78,772,993)
Net decrease (367,685) $(4,222,124) (2,051,435) $(24,107,086)
Series NAV shares        
Sold 623,203 $7,175,510 898,398 $10,428,514
Distributions reinvested 163,655 1,854,208
Repurchased (114,719) (1,316,952) (895,710) (10,451,405)
Net increase 508,484 $5,858,558 166,343 $1,831,317
Total net increase (decrease) 124,889 $1,448,636 (1,890,476) $(22,353,838)
Affiliates of the Trust owned 100% of shares of the portfolios, with the exception of Core Bond Trust, Select Bond Trust and Strategic Income Opportunities Trust. For Core Bond Trust, affiliates owned 40.89% and 99.74% of Series II and Series NAV shares, respectively. For Select Bond Trust, affiliates owned 99.86% of Series II shares. For Strategic Income Opportunities Trust, affiliates owned 25.46% and 98.23% of Series II and Series NAV shares, respectively, on June 30, 2026. Such concentration of shareholders’ capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
7.  Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the six months ended June 30, 2026:
  Purchases Sales
Portfolio U.S. Government Other issuers U.S. Government Other issuers
Active Bond Trust $167,535,060 $103,577,598 $174,413,883 $99,075,925
Core Bond Trust 931,583,471 327,768,227 943,036,456 434,180,835
High Yield Trust 26,923,783 28,945,356
Investment Quality Bond Trust 26,165,711 78,916,632 35,963,429 71,639,463
Opportunistic Fixed Income Trust 25,287,495 182,575,021 18,353,573 191,365,377
Select Bond Trust 1,645,214,092 408,266,866 2,460,841,179 4,698,519,886
Short Term Government Income Trust 543,557,298 56,821,744 553,539,704 39,817,025
Strategic Income Opportunities Trust 1,315,400 101,326,645 1,292,459 64,784,978
Total Bond Market Trust 141,244,969 26,074,218 131,565,042 42,215,084
Ultra Short Term Bond Trust 70,435,122 65,667,798
8.  Investment in affiliated underlying funds
Certain portfolios may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the portfolios' fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
              Dividends and distributions
Affiliate Ending
share
amount
Beginning
value
Cost of
purchases
Proceeds
from shares
sold
Realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Income
distributions
received
Capital gain
distributions
received
Ending
value
Active Bond Trust
John Hancock Collateral Trust* 336,065 $1,330,316 $66,561,438 $(64,529,982) $(1,143) $(173) $67,630 $3,360,456
Core Bond Trust
John Hancock Collateral Trust* 389,692 $2,019,734 $15,193,253 $(13,315,416) $(805) $(79) $6,813 $3,896,687
160

Table of Contents
Investment in affiliated underlying funds, continued
    
              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
High Yield Trust
John Hancock Collateral Trust* 2,097,108 $9,017,225 $61,398,283 $(49,439,876) $(3,649) $(2,166) $110,679 $20,969,817
Investment Quality Bond Trust
John Hancock Collateral Trust* 38,028 $442,798 $3,293,396 $(3,355,815) $(116) $(9) $2,674 $380,254
Opportunistic Fixed Income Trust
John Hancock Collateral Trust* 156,277 $1,241,384 $10,053,257 $(9,731,431) $(506) $(25) $8,554 $1,562,679
Select Bond Trust
John Hancock Collateral Trust* 737,896 $42,877,758 $660,530,242 $(696,023,118) $(4,935) $(1,437) $501,518 $7,378,510
Short Term Government Income Trust
John Hancock Collateral Trust 298,741 $177,331 $74,682,803 $(71,872,569) $(281) $(54) $51,912 $2,987,230
Strategic Income Opportunities Trust
John Hancock Collateral Trust* 1,544,322 $8,393,942 $69,937,775 $(62,885,489) $(1,709) $(2,226) $192,005 $15,442,293
Total Bond Market Trust
John Hancock Collateral Trust* 2,180,850 $9,453,324 $102,729,834 $(90,372,368) $(3,176) $(427) $115,832 $21,807,187
Ultra Short Term Bond Trust
John Hancock Collateral Trust* 359,605 $1,232,529 $105,191,058 $(102,825,639) $(2,074) $(43) $68,384 $3,595,831
* Refer to the Securities lending note within Note 2 for details regarding this investment.
9.  Investment by affiliated funds
Certain investors in the portfolios are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the portfolios for the purpose of exercising management or control; however, this investment may represent a significant portion of the portfolios' net assets. At June 30, 2026, affiliated concentration (as a percentage of the portfolios' net assets) is as follows:
Portfolio Affiliated Concentration
Core Bond Trust 34.9%
10.  Segment reporting
The management committee of the Advisor acts as the portfolios' chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. Each portfolio represents a single operating segment, as the CODM monitors and assesses the operating results of the portfolio as a whole, and the portfolio's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the portfolio's subadvisor. Segment assets are reflected in the Statements of assets and liabilities as “Total assets”, which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statements of operations, which includes “Increase (decrease) in net assets from operations”, Statements of changes in net assets, which includes “Increase (decrease) in net assets from portfolio share transactions”, and Financial highlights, which includes total return and income and expense ratios.
161

Table of Contents
John Hancock Variable Insurance Trust
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

This section describes the evaluation by the Board of Trustees (the Board) of John Hancock Variable Insurance Trust (the Trust) of the Advisory Agreement (the Advisory Agreement) and each Subadvisory Agreement and Sub-Subadvisory Agreement (collectively, the Subadvisory Agreements) with respect to each of the portfolios of the Trust included in this report (the Funds). The Advisory and Subadvisory Agreements are collectively referred to as the Agreements. Prior to the June 22 - 25, 2026 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 26 - 28, 2026. The Board also receives information relating to the proposed continuation of the Agreements noted above throughout the year on an ongoing basis. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the “1940 Act”) (the “Independent Trustees”) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.
Approval of Advisory and Subadvisory Agreements
At meetings held on June 22 - 25, 2026, the Board, including the Independent Trustees, reapproved for an annual period, the continuation of the Advisory Agreement between the Trust and the Advisor and the applicable Subadvisory Agreements between the Advisor and the sub-advisors (and sub-subadvisors) (each, a Subadvisor and collectively, the Subadvisors) with respect to each of the Funds in this report.
In considering the Advisory Agreement and the Subadvisory Agreements with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and each Subadvisor, including comparative performance, fee and expense information for peer groups of similar funds prepared by an independent third-party provider of fund data; performance information for the Funds’ benchmark indices; and, with respect to each Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisors regarding the nature, extent and quality of services provided by the Advisor and the Subadvisors under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the Funds and any compensation paid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreements are considered, particular focus is given to information concerning Fund performance, comparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisors is an ongoing one. In this regard, the Board also took into account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisors to the Funds, including quarterly performance reports prepared by management containing reviews of investment results, and periodic presentations from the Subadvisors with respect to the Funds they manage. The information received and considered by the Board both in conjunction with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of certain of the Subadvisors with the Advisor, noting any potential conflicts of interest. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the Funds by the Advisor’s affiliates, including distribution services. The Board considered the Advisory Agreement and the Subadvisory Agreements separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and the Subadvisors in providing services to the Funds. In addition, although the Board approved the renewal of the Agreements for all of the Funds at the June meeting, the Board considered each Fund separately.
Throughout the process, the Board asked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout the process. The Independent Trustees also received a memorandum from their independent counsel discussing the legal standards
for their consideration of the proposed continuation of the Agreements and discussed the proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.
Approval of Advisory Agreement
In approving the Advisory Agreement with respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The Board’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of Fund performance and operations throughout the year.
Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent, and quality of services provided to the Funds, the Board reviewed information provided by the Advisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV. The Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the Funds’ compliance policies and procedures established pursuant to Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and monitoring its own and the Funds' compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs, and cybersecurity programs, had expanded over time as a result of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including but not limited to, general supervision of and coordination of the services provided by the Subadvisors, and is also responsible for monitoring and reviewing the activities of the Subadvisors and other third-party service providers. The Board also considered the significant risks assumed by the Advisor in connection with the services provided to the Funds including entrepreneurial risk in sponsoring new Funds, and ongoing risks, including investment, operational, enterprise, litigation, regulatory and compliance risks with respect to all Funds.
In considering the nature, extent, and quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through Board meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the complex.
In the course of their deliberations regarding the Advisory Agreement, the Board considered, among other things:
(a) the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationships, the Advisor’s oversight and monitoring of the Subadvisors’ investment performance and compliance programs, such as the Subadvisors’ compliance with Fund policies and objectives, review of brokerage matters including with respect to trade allocation and best execution, and the Advisor’s timeliness in responding to performance issues;
(b) the background, qualifications and skills of the Advisor’s personnel;
(c) the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;
(d) the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the Funds, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the Funds, and bringing loss recovery actions on behalf of the Funds;
 
162

Table of Contents
John Hancock Variable Insurance Trust
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

(e) the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the Funds;
(f) the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the Funds; and
(g) the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to contract holders of investing in funds that are part of a family of variable insurance portfolios offering a variety of investments.
The Board concluded that the Advisor may reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.
Investment performance. In considering each Fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds’ performance results. In connection with the consideration of the Advisory Agreement, the Board:
(a) reviewed information prepared by management regarding the Funds' performance;
(b) considered the comparative performance of each Fund’s respective benchmark;
(c) considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and
(d) took into account the Advisor’s analysis of each Fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds.
The Board noted that while it found the data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and that the results of the performance comparisons may vary depending on the selection and size of the peer group. The Board concluded that the performance of each of the Funds has generally been in line with or generally outperformed the historical performance of comparable funds based on the median percentile and/or the Fund’s respective benchmark, with certain exceptions noted in Appendix A. In such cases, the Board considered steps the Advisor had taken or plans to take to address performance and concluded that such performance is being monitored and reasonably being addressed.
Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data including, among other data, each Fund’s contractual and net management fees (and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent, and quality of the management and subadvisory services provided by the Advisor and the Subadvisors, respectively. The Board considered each Fund’s ranking within a smaller group of peer funds chosen by the independent third-party provider, as well as the Fund’s ranking within broader groups of funds. In comparing each Fund’s contractual and net management fees to that of comparable funds, the Board noted that such fee includes both advisory and administrative costs.
The Board took into account management’s discussion with respect to the overall management fee, the fees of each Subadvisor, including the amount of the advisory fee retained by the Advisor after payment of the subadvisory fees, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing expenses with respect to the Funds. The Board also noted that the Advisor pays the subadvisory fees of the Funds, and that such fees are negotiated at arm’s length with respect to unaffiliated Subadvisors. In addition, the Board noted that the Advisor continued advisory and subadvisory fee reductions in the past year with respect to several Funds. The Board also took into account that management had implemented an overall fee waiver across the complex, which is discussed further below. The Board also noted management’s discussion of the Funds’
expenses, as well as certain actions taken over the past several years to reduce the Funds’ operating expenses. The Board reviewed information provided by the Advisor concerning investment advisory fees charged to other clients (including other funds in the complex) having similar investment mandates, if any. The Board considered any differences between the Advisor’s and Subadvisor’s services to a Fund and the services they provide to other such comparable clients or funds. The Board concluded that the advisory fee paid with respect to each of the Funds is reasonable in light of the nature, extent, and quality of the services provided to the Funds under the Advisory Agreement.
Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisors that are affiliated with the Advisor) from the Advisor’s relationship with the Trust, the Board:
(a) reviewed financial information of the Advisor;
(b) reviewed and considered (i) information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund; and (ii) the representation by the John Hancock insurance companies in registration statements for registered variable insurance contracts using the Funds as investment options in registered separate accounts, that the fees and charges deducted under their variable insurance contracts (including the fees and expenses of the Trust), in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred and the risks assumed by such companies;
(c) received and reviewed profitability information with respect to the John Hancock fund complex as a whole and with respect to each Fund;
(d) received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies;
(e) considered fall out benefits to the Advisor, including (but not limited to), benefits to affiliates, such as that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain Funds of the Trust and noted that these tax benefits, which are not available to contract holders under applicable income tax law, are reflected in the profitability analysis reviewed by the Board;
(f) considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement;
(g) noted that certain of the Funds’ Subadvisors are affiliates of the Advisor;
(h) noted that affiliates of the Advisor provide distribution services to the Funds, and that the Trust’s distributor also receives Rule 12b-1 payments to support distribution of the products;
(i) noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds;
(j) noted that the subadvisory fees for the Funds are paid by the Advisor and are negotiated at arm’s length with respect to the unaffiliated Subadvisors;
(k) considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and
(l) considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.
 
163

Table of Contents
John Hancock Variable Insurance Trust
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

Based upon its review, the Board concluded that the level of profitability, if any, of the Advisor and its affiliates (including any Subadvisors that are affiliated with the Advisor), from their relationship with each Fund was not unreasonable in view of all factors considered.
Economies of scale. In considering the extent to which economies of scale would be realized as a Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders, the Board:
(a) with respect to each Fund (except those discussed specifically below), considered that the Advisor has agreed to waive a portion of its management fee for such Fund and for each of the other John Hancock funds in the complex (except as discussed below) (the Participating Portfolios) or otherwise reimburse the expenses of the Participating Portfolios (the Reimbursement). This waiver is based on the aggregate net assets of all the Participating Portfolios. The Board also noted that the Advisor had implemented additional breakpoints to the complex-wide fee waiver in recent years.
(The Funds that are not Participating Portfolios as of the date of this annual report are each of the funds of funds of the Trust and John Hancock Funds II and John Hancock Collateral Trust. These funds of funds also benefit from such overall management fee waiver through their investment in underlying portfolios that include certain of the Participating Portfolios, which are subject to the Reimbursement.)
(b) reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded that (i) most of the Funds’ fee structures contain breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for Funds and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow. The Board also took into account management’s discussion of the Funds’ advisory fee structure; and
(c) the Board also considered the effect of the Funds’ growth in size on their performance and fees. The Board also noted that if the Funds’ assets increase over time, the Funds may realize other economies of scale.
Approval of Subadvisory Agreements
In making its determination with respect to approval of the Subadvisory Agreements, the Board reviewed:
(1) information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock group of funds);
(2) the historical and current performance of each Fund and comparative performance information relating to the Fund’s benchmark and comparable funds based on the median percentile;
(3) the subadvisory fee for each Fund, including any breakpoints, and comparative fee information, where available, prepared by an independent third-party provider of fund data; and
(4) information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisors.
Nature, extent, and quality of services. With respect to the services provided by each of the Subadvisors with respect to each Fund, the Board received information provided to the Board by each Subadvisor, including each Subadvisor’s Form ADV, as well as took into account information presented throughout the past year. The Board considered each Subadvisor’s current level of staffing and its overall resources, as well as received information relating to a Subadvisor’s compensation program. The Board reviewed each Subadvisor’s history and investment experience, as well as information regarding the qualifications, background and responsibilities of the Subadvisor’s investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor’s compliance program and any disciplinary history. The Board also considered the Subadvisor’s risk assessment
and monitoring process. The Board reviewed each Subadvisor’s regulatory history, including whether it was currently involved in any regulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of each Subadvisor and its operations, including regarding investment processes and organizational and staffing matters. The Board also noted that the CCO and his staff conduct regular, periodic compliance reviews with each of the Subadvisors and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance systems of the Subadvisors and procedures reasonably designed by them to assure compliance with the federal securities laws.  The Board also took into account the financial condition of each Subadvisor.
The Board considered each Subadvisor’s investment process and philosophy. The Board took into account that each Subadvisor’s responsibilities include the development and maintenance of an investment program for the applicable Fund which is consistent with the Fund’s investment objectives, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of compliance controls related to performance of these services. The Board also received information with respect to each Subadvisor’s brokerage policies and practices, including with respect to best execution and soft dollars.
Subadvisor compensation. In considering the cost of services to be provided by each Subadvisor, the Board noted that the fees under the Subadvisory Agreements are paid by the Advisor and not the Funds. The Board also relied on the ability of the Advisor to negotiate each Subadvisory Agreement with Subadvisors that are not affiliated with the Advisor and the fees thereunder at arm’s length. As a result, the costs of the services to be provided and the profits to be realized by unaffiliated Subadvisors from their relationship with the Trust were not a material factor in the Board’s consideration of the Subadvisory Agreements.
The Board also received information regarding the nature and scope (including their significance to the Advisor and its affiliates and to unaffiliated Subadvisors) of any material relationships with respect to the unaffiliated Subadvisors, which include arrangements in which unaffiliated Subadvisors or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s Advisor or its affiliates, and may include shares of the Trust, other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans. The Board also received information and took into account any other potential conflicts of interests the Advisor might have in connection with the Subadvisory Agreements.
In addition, the Board considered other potential indirect benefits that the Subadvisors and their affiliates may receive from the Subadvisor’s relationship with the Fund, such as the opportunity to provide advisory services to additional portfolios of the Trusts and reputational benefits.
Subadvisory fees. The Board considered that each Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to each Subadvisor. As noted above, the Board also considered, if available, each Fund’s sub-advisory fees as compared to similarly situated investment companies deemed to be comparable to the Fund as included in the report prepared by the independent third party provider of fund data. The Board also took into account the sub-advisory fees paid by the Advisor to fees charged by each Fund’s Subadvisor to manage other sub-advised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.
Subadvisor performance. As noted above, the Board considered each Fund’s performance as compared to the Fund’s respective peer group based on the median percentile and benchmark and noted that the Board reviews information about the Fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style, and risk-adjusted performance of each
 
164

Table of Contents
John Hancock Variable Insurance Trust
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees

Subadvisor. The Board was mindful of the Advisor’s focus on each Subadvisor’s performance. The Board also noted each Subadvisor’s long-term performance record for similar accounts, as applicable.
The Board’s decision to approve the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:
(1) Each Subadvisor has extensive experience and demonstrated skills as a manager;
(2) Although not without variation, the performance of each Fund managed by a Subadvisor generally has been in line with or outperformed the historical performance of comparable funds and the Fund’s respective benchmarks based on the median percentile, with the exceptions noted in Appendix A. With respect to such exceptions, the Board considered the steps the Subadvisor had taken or plans to take to address performance and concluded that performance is being monitored and reasonably being addressed;
(3) The subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and
(4) With respect to those Funds that have subadvisory fees that contain breakpoints, certain breakpoints are reflected as breakpoints in the advisory fees for the Funds in order to permit shareholders to benefit from economies of scale if those Funds grow.
Additional information relating to each Fund’s fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.
***
Based on their evaluation of all factors that they deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and each of the Subadvisory Agreements with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the Advisory Agreement and Subadvisory Agreements with respect to each Fund for an additional one-year period.
 
165

Table of Contents
John Hancock Variable Insurance Trust
Appendix A

Portfolio (Subadvisor) Performance as of 12/31/2025 Fees and Expenses Comments
Active Bond Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-year period and outperformed the benchmark index for the three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one- and three-year periods and outperformed the peer group median for the five- and ten-year periods.
Subadvisor fee comparative data not provided due to limited size of Broadridge peer group for this purpose.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-year period and to the peer group median for the one- and three-year periods.
The Board noted the Trust's favorable performance relative to the benchmark index for the three-, five- and ten-year periods and to the peer group median for the five- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and lower net total expenses compared to peers.
Core Bond Trust
(Allspring Global Investments, LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, five- and ten-year periods and outperformed the benchmark index for the three-year period.
Broadridge Category – The Trust underperformed the peer group median for the one-and five-year periods and outperformed the peer group median for the three- and ten-year periods.
The subadvisor fees for this Trust are equal to the peer group median.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-, five- and ten-year periods and to the peer group median for the one- and five-year periods.
The Board noted the Trust's favorable performance relative to the benchmark index for the three-year period and to the peer group median for the three- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and lower net total expenses compared to peers.
166

Table of Contents
John Hancock Variable Insurance Trust
Appendix A

Portfolio (Subadvisor) Performance as of 12/31/2025 Fees and Expenses Comments
High Yield Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one- and five-year periods and outperformed the peer group median for the three and ten-year periods.
The subadvisor fees for this Trust are lower than the peer group median.
Net management fees for this Trust are lower than the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-, three-, five- and ten-year periods and to the peer group median for the one- and five-year periods, including the impact of past and current market conditions on the Trust’s strategy and management’s outlook for the Trust.
The Board noted the Trust's favorable performance relative to the peer group median for the three-and ten-year periods.
The Board noted that the Trust outperformed its Morningstar peer group and benchmark index for the year-to-date period ended May 31, 2026.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively lower net management fee and net total expenses compared to peers.
Investment Quality Bond Trust
(Wellington Management Company LLP)
Benchmark Index – The Trust underperformed the benchmark index for the one- and five-year periods and outperformed the benchmark index for the three- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-, three- and five-year periods and outperformed the peer group median for the ten-year period.
The subadvisor fees for this Trust are equal to the peer group median.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one- and five-year periods and to the peer group median for the one-, three- and five-year periods.
The Board noted the Trust's favorable performance relative to the benchmark index for the three- and ten-year periods and to the peer group median for the ten-year period.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and lower net total expenses compared to peers.
167

Table of Contents
John Hancock Variable Insurance Trust
Appendix A

Portfolio (Subadvisor) Performance as of 12/31/2025 Fees and Expenses Comments
Money Market Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust outperformed the peer group median for the one-, three-, five- and ten-year periods.
The subadvisor fees for this Trust are lower than the peer group median.
Net management fees for this Trust are lower than the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-, three-, five- and ten-year periods.
The Board noted the Trust's favorable performance relative to the peer group median for the one-, three-, five- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively lower net management fee and net total expenses compared to peers.
Opportunistic Fixed Income Trust
(Wellington Management Company LLP)
Benchmark Index – The Trust outperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-year period and outperformed the peer group median for the three-, five- and ten-year periods.
The subadvisor fees for this Trust are equal to the peer group median.
Net management fees for this Trust are lower than the peer group median.
Net total expenses for this Trust are higher than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the peer group median for the one-year period.
The Board noted the Trust's favorable performance relative to the benchmark index for the one-, three-, five- and ten-year periods and to the peer group median for the three-, five- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively lower net management fee and higher net total expenses compared to peers.
Select Bond Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust outperformed the benchmark index for the one- and three-year periods, underperformed the benchmark index for the five-year period and matched the benchmark index for the ten-year period.
Broadridge Category – The Trust outperformed the peer group median for the one-, three-, five- and ten-year periods.
Subadvisor fee comparative data not provided due to limited size of Broadridge peer group for this purpose.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are higher than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the five-year period.
The Board noted the Trust's favorable performance relative to the benchmark index for the one- and three-year periods and to the peer group median for the one-, three-, five- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and net total expenses compared to peers.
168

Table of Contents
John Hancock Variable Insurance Trust
Appendix A

Portfolio (Subadvisor) Performance as of 12/31/2025 Fees and Expenses Comments
Short Term Government Income Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-, three-, and ten-year periods and outperformed the peer group median for the five-year period.
Subadvisor fee comparative data not provided due to limited size of Broadridge peer group for this purpose.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are equal to the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-, three-, five- and ten-year periods and to the peer group median for the one-, three- and ten-year periods, including the impact of past and current market conditions on the Trust’s strategy and management’s outlook for the Trust.
The Board noted the Trust's favorable performance relative to the peer group median for the five- year period.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and net total expenses equal to peers.
Strategic Income Opportunities Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-year period and outperformed the benchmark index for the three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-, three-, five- and ten-year periods.
The subadvisor fees for this Trust are lower than the peer group median.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are higher than the peer group median.
The Board took into account management’s discussion of the Trust’s performance relative to the benchmark index for the one-year period and to the peer group median for the one-, three-, five- and ten-year periods.
The Board noted the Trust's favorable performance relative to the benchmark index for the three-, five- and ten-year periods.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and net total expenses compared to peers.
169

Table of Contents
John Hancock Variable Insurance Trust
Appendix A

Portfolio (Subadvisor) Performance as of 12/31/2025 Fees and Expenses Comments
Total Bond Market Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-, three-, five- and ten-year periods.
Subadvisor fee comparative data not provided due to limited size of Broadridge peer group for this purpose.
Net management fees for this Trust are equal to the peer group median.
Net total expenses for this Trust are lower than the peer group median.
The Board took into account management’s discussion of the factors that contributed to the Trust’s performance for the one-, three-, five- and ten-year periods relative to the benchmark index and to the peer group median.
The Board noted the Trust met expectations to maintain low performance dispersion (gross of fees) relative to its index.
The Board noted that the Trust outperformed its Morningstar peer group and benchmark Index for the year-to-date period ended May 31, 2026.
The Board took into account management's discussion of the Trust's fees and expenses and considered the Trust's net management fees equal to peers and relatively lower net total expenses compared to peers.
Ultra Short Term Bond Trust
(Manulife Investment Management (US) LLC)
Benchmark Index – The Trust underperformed the benchmark index for the one-, three-, five- and ten-year periods.
Broadridge Category – The Trust underperformed the peer group median for the one-, three-, five- and ten-year periods.
Subadvisor fee comparative data not provided due to limited size of Broadridge peer group for this purpose.
Net management fees for this Trust are higher than the peer group median.
Net total expenses for this Trust are higher than the peer group median.
The Board took into account management’s discussion of the Trust’s performance for the one-, three-, five- and ten-year periods relative to the benchmark index and to the peer group median, including the impact of past and current market conditions on the Trust’s strategy and management’s outlook for the Trust.
The Board took into account management’s discussion of the Trust’s fees and expenses and considered the Trust’s relatively higher net management fee and net total expenses compared to peers.
170

Table of Contents
John Hancock Variable Insurance Trust
Other N-CSR Items

(Unaudited)
Item 8.  Changes in and disagreements with accountants
None.
Item 9.  Proxy disclosures
When applicable, results of shareholder voting are included in the Shareholder meeting section of this report.
Item 10.  Remuneration paid to Trustees, officers, and others
Trustees’ fees are included in the financial statements.
Item 11.  Statement regarding basis for approval of investment advisory contract
When applicable, the statement regarding the basis for approval of any investment advisory contract is included in the Evaluation of advisory and subadvisory agreements by the Board of Trustees section of this report.
171

Table of Contents
John Hancock Distributors, LLC, Member FINRA, SIPC200 Berkeley Street, Boston, MA 02116
John Hancock Variable Annuities: 800-344-1029
John Hancock Variable Life Insurance: 800-732-5543
johnhancock.com 
JHTBSA 6/30
8/26
1115017:06/26


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Information included in Item 7, if applicable.


ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Refer to information included in Item 7.


ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Information included in Item 7, if applicable.


ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.


ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No material changes.


ITEM 16. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.


ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.



                                                                        SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Variable Insurance Trust

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: August 26, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: August 26, 2026
By: /s/ Fernando A. Silva
---------------------------
Fernando A. Silva
Chief Financial Officer,
Principal Financial Officer
Date: August 26, 2026


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

E

E

EX-101.SCH

IDEA: R1.htm

IDEA: R2.htm

IDEA: R3.htm

IDEA: FilingSummary.xml

IDEA: MetaLinks.json

IDEA: 8df08647e37aa02_htm.xml