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 811-23748
JOHN HANCOCK ASSET-BASED LENDING FUND
(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: October 31
Date of reporting period: October 31, 2024
ITEM 1. REPORT TO STOCKHOLDERS
Annual Financial Statements & Other N-CSR
Items
John Hancock
Asset-Based Lending Fund
Closed-end alternative
October 31, 2024
John Hancock
Asset-Based Lending Fund
| 1
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
INVESTMENT OBJECTIVE
The fund seeks to provide high
current income and to a lesser extent capital appreciation.
AVERAGE ANNUAL TOTAL RETURNS AS
OF 10/31/2024 (%)
The Intercontinental Exchange
(ICE) Bank of America (BofA) 0-3 Month U.S. Treasury Bill Index tracks the performance of Treasury bills maturing in zero to three months.
It is not possible to invest
directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
The past performance shown here
reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and
expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and
can be found at jhinvestments.com or by calling 800-225-6020. For further information on the fund’s objectives, risks, and strategy, see the fund’s prospectus.
|
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 2
|
PERFORMANCE HIGHLIGHTS OVER THE
LAST TWELVE MONTHS
The fund posted a
gain for the period
The fund has
exhibited stable performance focused on asset-based investments with attractive return versus risk characteristics driven by robust cashflows and asset coverage ratios.
Majority of
capital allocated to private asset-based lending investments
The portfolio
has performed to plan with the majority of capital now allocated to private asset-based lending (ABL) investments.
Credit selection
and sector allocation contributed to performance
Both credit
selection and sector allocation are major drivers of performance, with accretive returns in our residential mortgage, commercial real estate debt, transportation (aircraft), and corporate asset-based credit
portfolios.
PORTFOLIO COMPOSITION AS OF
10/31/2024 (% of total investments)
Notes about risk
The fund is subject to various
risks as described in the fund’s prospectus.
| 3
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
Management’s discussion of fund
performance
How would you describe the
investment backdrop during the 12 months ended October 31, 2024?
The investment landscape has
evolved throughout the year, driven by tight lending conditions due to higher capital charges and regulatory oversight. Banks and traditional finance companies have continued to retrench, leaving a massive opportunity
set for non-bank asset-based lenders.
How did the fund perform in this
environment?
The fund has continued to perform
well as we have invested in high-yielding private ABL assets spanning residential mortgages, aircraft lending and leasing, specialty finance (financing that takes place outside of the traditional banking system), and
commercial real estate, among others. Top performers during the period included our residential mortgage, commercial real estate debt, and consumer loan portfolios. Investments in transportation assets and corporate
asset-based credit also contributed to fund performance. As we have ramped into these private assets, we have managed liquidity in the portfolio using investment-grade structured securities. These securities offer
relatively attractive yields with low duration exposure and proved to be very resilient to the Fed’s rate-hiking cycle. Overall, auto loans and residential whole loans contributed least to the fund’s
performance.
The views expressed in
this report are exclusively those of the portfolio management team at Marathon Asset Management, LP, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this
report may not have been held by the fund for the entire period. 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.
|
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 4
|
TOTAL RETURNS
FOR THE PERIOD ENDED OCTOBER 31, 2024
Average annual total returns (%)
with maximum sales charge
| Cumulative total returns (%)
with maximum sales charge
|
|
| 1-year
| Since
inception
(7-11-22)
| Since
inception
(7-11-22)
|
| Class I1
| 8.58
| 6.08
| 14.61
|
| Class D1
| 6.64
| 5.14
| 12.27
|
| Class S1
| 4.41
| 3.83
| 9.07
|
| Index†
| 5.44
| 4.74
| 11.29
|
Performance
figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class D shares of 1.5% and on Class S shares of 3.5%. Sales charges are not applicable to Class I shares.
Please refer
to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.
The returns
reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their
original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call
800–225–6020 or visit the fund’s website at jhinvestments.com.
The
performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund’s performance results
reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.
† Index is the ICE BofA 0-3 Month U.S. Treasury Bill Index.
See the
following page for footnotes.
| 5
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
This chart and
table show what happened to a hypothetical $10,000 investment in John Hancock Asset-Based Lending Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison,
we’ve shown the same investment in the ICE BofA 0-3 Month U.S. Treasury Bill Index.
|
| Start date
| With maximum
sales charge ($)
| Without
sales charge ($)
| Index ($)
|
| Class D1
| 7-11-22
| 11,227
| 11,395
| 11,129
|
| Class S1
| 7-11-22
| 10,907
| 11,305
| 11,129
|
The
Intercontinental Exchange (ICE) Bank of America (BofA) 0-3 Month U.S. Treasury Bill Index tracks the performance of Treasury bills maturing in zero to three months.
It is not
possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
Footnotes
related to performance pages
| 1
| For certain types of investors, as described in the fund’s prospectus.
|
|
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 6
|
Consolidated Fund’s investments
AS OF
10-31-24
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| Asset backed securities 35.1%
|
|
|
|
| $61,714,092
|
| (Cost $61,571,540)
|
|
|
|
|
|
| Asset backed securities 5.1%
|
|
| 8,908,360
|
| Marlette Funding Trust
|
|
|
|
|
|
| Series 2022-3A, Class D (A)(B)
| 7.800
| 11-15-32
|
| 3,750,000
| 3,757,310
|
| Pagaya AI Debt Trust
|
|
|
|
|
|
| Series 2023-7, Class D (A)(B)
| 9.000
| 07-15-31
|
| 3,498,696
| 3,530,493
|
| Sierra Timeshare Receivables Funding LLC
|
|
|
|
|
|
| Series 2024-1A, Class D (A)
| 8.020
| 01-20-43
|
| 1,609,283
| 1,620,557
|
| Collateralized loan obligations 9.1%
|
|
| 16,107,971
|
| ARES L CLO, Ltd.
|
|
|
|
|
|
| Series 2018-50A, Class D (3 month CME Term SOFR + 3.162%) (A)(B)(C)
| 7.818
| 01-15-32
|
| 2,000,000
| 2,011,922
|
| Birch Grove CLO, Ltd.
|
|
|
|
|
|
| Series 19A, Class D2RR (3 month CME Term SOFR + 5.050%) (A)(B)(C)
| 9.697
| 07-17-37
|
| 1,750,000
| 1,793,157
|
| Columbia Cent CLO, Ltd.
|
|
|
|
|
|
| Series 2020-29A, Class D1R (3 month CME Term SOFR + 3.862%) (A)(C)
| 8.479
| 10-20-34
|
| 1,000,000
| 1,004,783
|
| Dryden Senior Loan Fund
|
|
|
|
|
|
| Series 2017-49A, Class DR (3 month CME Term SOFR + 3.662%) (A)(B)(C)
| 8.294
| 07-18-30
|
| 3,730,000
| 3,732,380
|
| KKR Financial CLO, Ltd.
|
|
|
|
|
|
| Series 2013-1A, Class DR2 (3 month CME Term SOFR + 6.250%) (A)(B)(C)
| 10.906
| 04-15-29
|
| 2,500,000
| 2,503,183
|
| Myers Park CLO, Ltd.
|
|
|
|
|
|
| Series 2018-1A, Class D (3 month CME Term SOFR + 3.312%) (A)(B)(C)
| 7.929
| 10-20-30
|
| 2,000,000
| 2,009,594
|
| OCP CLO, Ltd.
|
|
|
|
|
|
| Series 2020-8RA, Class C (3 month CME Term SOFR + 4.012%) (A)(C)
| 8.659
| 01-17-32
|
| 1,850,000
| 1,850,000
|
| Sycamore Tree CLO, Ltd.
|
|
|
|
|
|
| Series 2021-1A, Class D (3 month CME Term SOFR + 3.912%) (A)(B)(C)
| 8.529
| 10-20-34
|
| 1,200,000
| 1,202,952
|
| Commercial mortgage backed securities 19.1%
|
|
| 33,562,076
|
| ACREC LLC
|
|
|
|
|
|
| Series 2023-FL2, Class C (1 month CME Term SOFR + 4.281%) (A)(C)
| 9.085
| 02-19-38
|
| 2,000,000
| 2,020,421
|
| 7
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| Commercial mortgage backed securities (continued)
|
|
|
|
| Arbor Realty Commercial Real Estate Notes, Ltd.
|
|
|
|
|
|
| Series 2022-FL2, Class D (1 month CME Term SOFR + 4.350%) (A)(C)
| 9.154
| 05-15-37
|
| 2,500,000
| $2,447,264
|
| Arizona Biltmore Trust
|
|
|
|
|
|
| Series 2024-BILT, Class E (A)(B)
| 7.487
| 06-11-29
|
| 2,000,000
| 2,034,371
|
| BPCRE, Ltd.
|
|
|
|
|
|
| Series 2022-FL2, Class AS (1 month CME Term SOFR + 3.100%) (A)(B)(C)
| 7.859
| 01-16-37
|
| 1,000,000
| 1,000,693
|
| BX Trust
|
|
|
|
|
|
| Series 2021-ARIA, Class F (1 month CME Term SOFR + 2.708%) (A)(B)(C)
| 7.512
| 10-15-36
|
| 2,000,000
| 1,972,549
|
| Series 2023-DELC, Class E (1 month CME Term SOFR + 5.286%) (A)(B)(C)
| 10.090
| 05-15-38
|
| 2,500,000
| 2,521,875
|
| Commercial Mortgage Trust (Deutsche Bank AG)
|
|
|
|
|
|
| Series 2024-WCL1, Class C (1 month CME Term SOFR + 2.889%) (A)(B)(C)
| 7.675
| 06-15-41
|
| 3,300,000
| 3,294,843
|
| GPMT, Ltd.
|
|
|
|
|
|
| Series 2021-FL4, Class D (1 month CME Term SOFR + 2.964%) (A)(C)
| 7.724
| 12-15-36
|
| 2,000,000
| 1,789,673
|
| Great Wolf Trust
|
|
|
|
|
|
| Series 2024-WOLF, Class E (1 month CME Term SOFR + 3.639%) (A)(B)(C)
| 8.443
| 03-15-39
|
| 2,180,000
| 2,196,350
|
| INTOWN Mortgage Trust
|
|
|
|
|
|
| Series 2022-STAY, Class E (1 month CME Term SOFR + 5.031%) (A)(B)(C)
| 9.835
| 08-15-39
|
| 1,500,000
| 1,501,875
|
| KSL Commercial Mortgage Trust
|
|
|
|
|
|
| Series 2023-HT, Class D (1 month CME Term SOFR + 4.287%) (A)(B)(C)
| 9.091
| 12-15-36
|
| 1,959,027
| 1,961,476
|
| La Quinta Mortgage Trust
|
|
|
|
|
|
| Series 2023-LAQ, Class D (1 month CME Term SOFR + 4.188%) (A)(B)(C)
| 8.992
| 03-15-36
|
| 1,304,250
| 1,292,023
|
| ORL Trust
|
|
|
|
|
|
| Series 2023-GLKS, Class D (1 month CME Term SOFR + 4.301%) (A)(B)(C)
| 9.105
| 10-19-36
|
| 2,500,000
| 2,500,000
|
| Shelter Growth Issuer, Ltd.
|
|
|
|
|
|
| Series 2023-FL5, Class D (1 month CME Term SOFR + 6.359%) (A)(C)
| 11.118
| 05-19-38
|
| 4,000,000
| 4,000,334
|
| THPT Mortgage Trust
|
|
|
|
|
|
| Series 2023-THL, Class D (A)(B)(D)
| 9.252
| 12-10-34
|
| 3,000,000
| 3,028,329
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 8
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| Residential mortgage backed securities 1.8%
|
|
| $3,135,685
|
| ACHM Trust
|
|
|
|
|
|
|
|
| Series 2023-HE2, Class C (A)(B)(D)
| 9.300
| 10-25-38
|
| 3,057,007
| 3,135,685
|
| Residential loans 20.9%
|
|
|
|
| $36,791,290
|
| (Cost $36,544,801)
|
|
|
|
|
|
| JH Residential Whole Loan Trust (E)(F) 12.1%
|
|
|
| 21,350,764
|
| Bank of America, Loan ID - R1D2189860
| 4.125
| 08-01-35
|
| 121,576
| 98,379
|
| Bank of America, Loan ID - R1D2196022
| 5.028
| 12-18-50
|
| 93,381
| 75,564
|
| Bank of America, Loan ID - R1D2207514 (G)
| 8.875
| 11-01-34
|
| 24,107
| 19,508
|
| Bank of America, Loan ID - R1D2223768 (G)
| 3.500
| 04-01-57
|
| 73,252
| 59,276
|
| Bank of America, Loan ID - R1D2226308
| 9.882
| 05-03-37
|
| 73,651
| 59,599
|
| Bank of America, Loan ID - R1D2231928
| 4.000
| 06-01-47
|
| 196,302
| 158,848
|
| Bank of America, Loan ID - R1D3102002750
| 9.625
| 12-01-39
|
| 37,354
| 34,571
|
| Bank of America, Loan ID - R1D3112231884
| 8.000
| 08-25-30
|
| 7,736
| 7,160
|
| Bank of America, Loan ID - R1D3112822840
| 9.625
| 12-25-30
|
| 9,557
| 8,845
|
| Bank of America, Loan ID - R1D3120441715
| 8.000
| 11-01-34
|
| 6,213
| 5,750
|
| Bank of America, Loan ID - R1D3121930679
| 3.750
| 02-01-31
|
| 125,317
| 115,981
|
| Bank of America, Loan ID - R1D320025752
| 11.875
| 02-01-28
|
| 712
| 659
|
| Bank of America, Loan ID - R1D320069911
| 10.750
| 03-01-37
|
| 13,334
| 12,341
|
| Bank of America, Loan ID - R1D320115934 (H)
| 12.000
| 09-25-27
|
| 2,982
| 2,759
|
| Bank of America, Loan ID - R1D320218223
| 8.250
| 04-01-61
|
| 11,768
| 10,891
|
| Bank of America, Loan ID - R1D320231804
| 4.500
| 04-01-31
|
| 132,446
| 122,579
|
| Bank of America, Loan ID - R1D320303063
| 8.250
| 06-01-35
|
| 19,416
| 17,969
|
| Bank of America, Loan ID - R1D320404870 (H)
| 9.875
| 07-01-38
|
| 16,020
| 14,827
|
| Bank of America, Loan ID - R1D320426786
| 8.250
| 08-01-31
|
| 9,529
| 8,819
|
| Bank of America, Loan ID - R1D320575652
| 10.125
| 09-01-31
|
| 4,897
| 4,532
|
| Bank of America, Loan ID - R1D320644951
| 10.500
| 08-01-46
|
| 1,969
| 1,823
|
| Bank of America, Loan ID - R1D320669345
| 9.375
| 04-01-35
|
| 18,839
| 17,436
|
| 9
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D320677076
| 11.250
| 11-01-53
|
| 1,873
| $1,733
|
| Bank of America, Loan ID - R1D320680408
| 8.250
| 09-01-54
|
| 2,072
| 1,917
|
| Bank of America, Loan ID - R1D320904215
| 10.000
| 06-01-41
|
| 2,826
| 2,616
|
| Bank of America, Loan ID - R1D321022384
| 10.750
| 01-01-37
|
| 1,938
| 1,794
|
| Bank of America, Loan ID - R1D321026906
| 11.750
| 12-01-36
|
| 2,773
| 2,566
|
| Bank of America, Loan ID - R1D321079876
| 8.625
| 10-25-27
|
| 10,993
| 10,174
|
| Bank of America, Loan ID - R1D321106165 (H)
| 10.500
| 03-01-37
|
| 3,168
| 2,932
|
| Bank of America, Loan ID - R1D321118983 (I)
| 9.000
| 04-01-24
|
| 4,292
| 3,973
|
| Bank of America, Loan ID - R1D321137655 (I)
| 10.125
| 06-01-24
|
| 3,982
| 3,686
|
| Bank of America, Loan ID - R1D321149797
| 10.750
| 01-01-38
|
| 2,119
| 1,962
|
| Bank of America, Loan ID - R1D321159892
| 8.250
| 12-01-26
|
| 4,867
| 4,505
|
| Bank of America, Loan ID - R1D321184120
| 10.125
| 01-01-52
|
| 410
| 380
|
| Bank of America, Loan ID - R1D321201221
| 8.250
| 07-01-25
|
| 9,034
| 8,361
|
| Bank of America, Loan ID - R1D321202019
| 10.750
| 10-01-35
|
| 4,434
| 4,104
|
| Bank of America, Loan ID - R1D321268831
| 8.625
| 01-01-28
|
| 4,305
| 3,984
|
| Bank of America, Loan ID - R1D321284414
| 8.750
| 10-01-27
|
| 4,599
| 4,257
|
| Bank of America, Loan ID - R1D321285469 (I)
| 0.000
| 06-01-24
|
| 13,393
| 12,396
|
| Bank of America, Loan ID - R1D321300638
| 10.750
| 05-01-36
|
| 2,602
| 2,408
|
| Bank of America, Loan ID - R1D321313401
| 14.375
| 09-25-27
|
| 866
| 802
|
| Bank of America, Loan ID - R1D321360714
| 11.250
| 10-01-27
|
| 4,016
| 3,717
|
| Bank of America, Loan ID - R1D321366583
| 10.125
| 08-01-37
|
| 3,271
| 3,027
|
| Bank of America, Loan ID - R1D321458571 (G)
| 5.625
| 05-01-26
|
| 15,185
| 14,054
|
| Bank of America, Loan ID - R1D321462500
| 8.250
| 02-01-29
|
| 44,191
| 40,899
|
| Bank of America, Loan ID - R1D321466689
| 10.750
| 11-01-43
|
| 2,044
| 1,892
|
| Bank of America, Loan ID - R1D321477062
| 8.250
| 12-25-27
|
| 7,219
| 6,681
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 10
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D321481073
| 10.125
| 01-01-37
|
| 4,751
| $4,397
|
| Bank of America, Loan ID - R1D321567782 (H)
| 10.125
| 07-01-35
|
| 6,014
| 5,566
|
| Bank of America, Loan ID - R1D321657284
| 8.250
| 07-01-30
|
| 5,607
| 5,189
|
| Bank of America, Loan ID - R1D321672554 (I)
| 4.250
| 02-01-24
|
| 68,643
| 63,529
|
| Bank of America, Loan ID - R1D321680064 (H)
| 8.625
| 01-01-28
|
| 4,038
| 3,737
|
| Bank of America, Loan ID - R1D321747032
| 10.500
| 02-01-26
|
| 4,087
| 3,783
|
| Bank of America, Loan ID - R1D321772642 (I)
| 12.875
| 07-01-24
|
| 6,116
| 5,660
|
| Bank of America, Loan ID - R1D321802346 (H)
| 10.500
| 07-01-42
|
| 4,244
| 3,928
|
| Bank of America, Loan ID - R1D321804787
| 11.250
| 11-25-27
|
| 7,484
| 6,926
|
| Bank of America, Loan ID - R1D321818469
| 12.875
| 05-01-30
|
| 6,523
| 6,037
|
| Bank of America, Loan ID - R1D321840548
| 10.500
| 01-01-27
|
| 7,307
| 6,763
|
| Bank of America, Loan ID - R1D321918874
| 11.875
| 10-01-37
|
| 3,704
| 3,429
|
| Bank of America, Loan ID - R1D322074278
| 8.500
| 11-01-35
|
| 10,802
| 9,997
|
| Bank of America, Loan ID - R1D322667123
| 8.750
| 02-25-28
|
| 11,566
| 10,705
|
| Bank of America, Loan ID - R1D323504157 (I)
| 3.625
| 02-01-24
|
| 22,454
| 20,781
|
| Bank of America, Loan ID - R1D323613087 (H)
| 0.000
| 10-01-31
|
| 10,283
| 9,517
|
| Bank of America, Loan ID - R1D324031544
| 9.875
| 04-01-30
|
| 17,844
| 16,514
|
| Bank of America, Loan ID - R1D325026231
| 10.875
| 07-01-32
|
| 28,629
| 26,496
|
| Bank of America, Loan ID - R1D325438993
| 8.250
| 04-01-32
|
| 8,553
| 7,916
|
| Bank of America, Loan ID - R1D32679861
| 10.750
| 12-01-37
|
| 1,657
| 1,534
|
| Bank of America, Loan ID - R1D326967519 (H)
| 8.750
| 02-01-30
|
| 18,307
| 16,943
|
| Bank of America, Loan ID - R1D329279749
| 9.375
| 02-01-37
|
| 8,143
| 7,536
|
| Bank of America, Loan ID - R1D329973216
| 4.750
| 08-01-34
|
| 14,472
| 13,394
|
| Bank of America, Loan ID - R1D330270792
| 4.000
| 06-25-28
|
| 78,663
| 72,802
|
| Bank of America, Loan ID - R1D330690727
| 11.250
| 09-01-38
|
| 3,737
| 3,458
|
| 11
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D331070648
| 8.625
| 05-01-37
|
| 5,454
| $5,048
|
| Bank of America, Loan ID - R1D331184438
| 4.750
| 06-01-28
|
| 10,647
| 9,854
|
| Bank of America, Loan ID - R1D331351411 (H)
| 8.000
| 11-01-37
|
| 29,529
| 27,329
|
| Bank of America, Loan ID - R1D331458114
| 3.500
| 05-25-28
|
| 10,944
| 10,129
|
| Bank of America, Loan ID - R1D331576772
| 10.500
| 12-25-28
|
| 2,203
| 2,039
|
| Bank of America, Loan ID - R1D332396107 (H)
| 1.000
| 06-01-28
|
| 21,047
| 19,479
|
| Bank of America, Loan ID - R1D333118907 (H)
| 8.625
| 11-01-28
|
| 8,773
| 8,119
|
| Bank of America, Loan ID - R1D333435452 (G)
| 10.500
| 11-01-24
|
| 7,785
| 7,205
|
| Bank of America, Loan ID - R1D334715743 (G)
| 6.500
| 12-01-36
|
| 17,003
| 15,736
|
| Bank of America, Loan ID - R1D335198863
| 10.750
| 02-01-47
|
| 8,945
| 8,278
|
| Bank of America, Loan ID - R1D337634748
| 8.500
| 06-01-28
|
| 4,171
| 3,861
|
| Bank of America, Loan ID - R1D338003284 (H)
| 11.125
| 09-01-41
|
| 20,864
| 19,310
|
| Bank of America, Loan ID - R1D338042145
| 11.750
| 10-01-36
|
| 7,282
| 6,740
|
| Bank of America, Loan ID - R1D338549417
| 11.750
| 09-25-28
|
| 1,108
| 1,026
|
| Bank of America, Loan ID - R1D33861070
| 8.000
| 01-01-27
|
| 16,692
| 15,449
|
| Bank of America, Loan ID - R1D338772808
| 10.125
| 02-01-25
|
| 2,542
| 2,353
|
| Bank of America, Loan ID - R1D338898471
| 9.000
| 10-01-37
|
| 5,384
| 4,983
|
| Bank of America, Loan ID - R1D339013845 (I)
| 12.375
| 06-01-24
|
| 4,329
| 4,006
|
| Bank of America, Loan ID - R1D339156671
| 10.750
| 06-01-27
|
| 9,517
| 8,808
|
| Bank of America, Loan ID - R1D339162089
| 11.750
| 10-01-25
|
| 7,872
| 7,286
|
| Bank of America, Loan ID - R1D339392762
| 8.625
| 07-01-38
|
| 3,812
| 3,528
|
| Bank of America, Loan ID - R1D339696568
| 10.125
| 10-01-28
|
| 8,437
| 7,809
|
| Bank of America, Loan ID - R1D339751518
| 9.750
| 07-01-30
|
| 5,837
| 5,402
|
| Bank of America, Loan ID - R1D339870995
| 12.375
| 10-25-28
|
| 4,760
| 4,405
|
| Bank of America, Loan ID - R1D339997495
| 11.750
| 08-01-31
|
| 7,609
| 7,042
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 12
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D340114252
| 4.625
| 10-01-28
|
| 22,372
| $20,705
|
| Bank of America, Loan ID - R1D340286517
| 11.250
| 12-01-34
|
| 8,358
| 7,736
|
| Bank of America, Loan ID - R1D340328413
| 8.750
| 06-01-48
|
| 4,327
| 4,005
|
| Bank of America, Loan ID - R1D340556545
| 8.250
| 08-01-32
|
| 12,844
| 11,887
|
| Bank of America, Loan ID - R1D340682846
| 4.000
| 02-01-35
|
| 29,793
| 27,573
|
| Bank of America, Loan ID - R1D340799167
| 9.625
| 03-01-25
|
| 53,428
| 49,447
|
| Bank of America, Loan ID - R1D340884636
| 10.750
| 09-01-37
|
| 7,807
| 7,225
|
| Bank of America, Loan ID - R1D341172732
| 10.750
| 03-01-25
|
| 5,440
| 5,035
|
| Bank of America, Loan ID - R1D341220853 (H)
| 11.750
| 10-25-28
|
| 12,967
| 12,001
|
| Bank of America, Loan ID - R1D341275604 (I)
| 11.750
| 09-01-24
|
| 2,151
| 1,991
|
| Bank of America, Loan ID - R1D341322613
| 11.750
| 12-01-60
|
| 2,072
| 1,918
|
| Bank of America, Loan ID - R1D341390326
| 11.875
| 11-01-37
|
| 4,015
| 3,715
|
| Bank of America, Loan ID - R1D341457276
| 11.750
| 02-01-28
|
| 10,787
| 9,983
|
| Bank of America, Loan ID - R1D341636404
| 10.750
| 11-25-28
|
| 10,616
| 9,825
|
| Bank of America, Loan ID - R1D344823261
| 10.750
| 12-01-30
|
| 178
| 165
|
| Bank of America, Loan ID - R1D344880025 (I)
| 10.750
| 09-01-24
|
| 8,886
| 8,224
|
| Bank of America, Loan ID - R1D344899622
| 8.250
| 07-01-29
|
| 32,456
| 30,038
|
| Bank of America, Loan ID - R1D344988281
| 8.000
| 12-01-28
|
| 13,902
| 12,866
|
| Bank of America, Loan ID - R1D345104108
| 11.250
| 07-25-29
|
| 15,231
| 14,096
|
| Bank of America, Loan ID - R1D345110610
| 4.250
| 01-01-30
|
| 50,288
| 46,541
|
| Bank of America, Loan ID - R1D345137370
| 10.125
| 11-01-38
|
| 3,415
| 3,161
|
| Bank of America, Loan ID - R1D345207689
| 10.625
| 01-01-52
|
| 1,489
| 1,378
|
| Bank of America, Loan ID - R1D345296610
| 10.125
| 04-01-28
|
| 14,196
| 13,138
|
| Bank of America, Loan ID - R1D345477899
| 10.250
| 11-01-36
|
| 1,341
| 1,241
|
| Bank of America, Loan ID - R1D345587535 (H)
| 9.875
| 11-01-36
|
| 27,471
| 25,424
|
| 13
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D345602157
| 13.125
| 03-01-37
|
| 15,603
| $14,441
|
| Bank of America, Loan ID - R1D345670228
| 10.125
| 11-25-28
|
| 4,061
| 3,759
|
| Bank of America, Loan ID - R1D345744745 (H)
| 10.125
| 08-01-33
|
| 7,530
| 6,969
|
| Bank of America, Loan ID - R1D345890887
| 10.125
| 02-01-62
|
| 2,516
| 2,328
|
| Bank of America, Loan ID - R1D345901395 (I)
| 10.750
| 03-01-24
|
| 5,288
| 4,894
|
| Bank of America, Loan ID - R1D345907416
| 10.125
| 07-01-31
|
| 7,174
| 6,639
|
| Bank of America, Loan ID - R1D345924792
| 3.750
| 05-01-35
|
| 52,066
| 48,188
|
| Bank of America, Loan ID - R1D345932279
| 10.500
| 12-25-28
|
| 3,708
| 3,432
|
| Bank of America, Loan ID - R1D345954233 (I)
| 10.500
| 08-01-24
|
| 8,289
| 7,672
|
| Bank of America, Loan ID - R1D346002313
| 3.625
| 09-01-35
|
| 119,654
| 110,740
|
| Bank of America, Loan ID - R1D346131763
| 9.500
| 08-01-28
|
| 26,434
| 24,465
|
| Bank of America, Loan ID - R1D346134156
| 3.500
| 06-01-30
|
| 25,526
| 23,625
|
| Bank of America, Loan ID - R1D346443425
| 10.750
| 09-01-40
|
| 4,720
| 4,368
|
| Bank of America, Loan ID - R1D346861677 (H)
| 11.000
| 07-01-24
|
| 6,412
| 5,934
|
| Bank of America, Loan ID - R1D347017838
| 11.750
| 04-01-38
|
| 4,049
| 3,748
|
| Bank of America, Loan ID - R1D347088470
| 10.500
| 02-01-25
|
| 2,105
| 1,948
|
| Bank of America, Loan ID - R1D347307643
| 10.625
| 01-01-29
|
| 12,952
| 11,987
|
| Bank of America, Loan ID - R1D347309299
| 11.500
| 11-01-45
|
| 11,125
| 10,296
|
| Bank of America, Loan ID - R1D347380108
| 11.375
| 03-01-26
|
| 7,918
| 7,328
|
| Bank of America, Loan ID - R1D347661162
| 8.625
| 07-01-25
|
| 67
| 62
|
| Bank of America, Loan ID - R1D347671501
| 10.000
| 12-01-32
|
| 23,675
| 21,911
|
| Bank of America, Loan ID - R1D347751726
| 8.750
| 12-25-28
|
| 8,683
| 8,036
|
| Bank of America, Loan ID - R1D347751887 (H)
| 8.250
| 11-25-28
|
| 17,426
| 16,128
|
| Bank of America, Loan ID - R1D347806979
| 8.000
| 06-01-36
|
| 2,666
| 2,467
|
| Bank of America, Loan ID - R1D347878229
| 9.500
| 10-05-33
|
| 8,510
| 7,876
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 14
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D348024808 (I)
| 7.500
| 09-01-24
|
| 24,763
| $22,919
|
| Bank of America, Loan ID - R1D348084672
| 8.000
| 02-25-29
|
| 15,206
| 14,073
|
| Bank of America, Loan ID - R1D348108123
| 8.000
| 07-01-29
|
| 73,347
| 67,883
|
| Bank of America, Loan ID - R1D348255384 (H)
| 12.625
| 06-01-35
|
| 6,103
| 5,648
|
| Bank of America, Loan ID - R1D348299081
| 11.750
| 01-25-29
|
| 8,262
| 7,647
|
| Bank of America, Loan ID - R1D348672470 (G)
| 3.000
| 12-01-31
|
| 24,887
| 23,033
|
| Bank of America, Loan ID - R1D348696252
| 11.000
| 03-01-28
|
| 8,236
| 7,622
|
| Bank of America, Loan ID - R1D348943151
| 11.250
| 05-01-37
|
| 8,534
| 7,898
|
| Bank of America, Loan ID - R1D349060460
| 10.500
| 05-25-29
|
| 5,263
| 4,870
|
| Bank of America, Loan ID - R1D349228775
| 11.875
| 07-01-34
|
| 3,741
| 3,462
|
| Bank of America, Loan ID - R1D349499896
| 9.375
| 02-25-29
|
| 7,396
| 6,845
|
| Bank of America, Loan ID - R1D351675329
| 8.000
| 10-01-33
|
| 32,883
| 30,434
|
| Bank of America, Loan ID - R1D351889492
| 8.250
| 09-01-28
|
| 43,371
| 40,140
|
| Bank of America, Loan ID - R1D352062298
| 9.500
| 06-01-28
|
| 32,077
| 29,687
|
| Bank of America, Loan ID - R1D354445591
| 8.750
| 03-01-27
|
| 7,078
| 6,550
|
| Bank of America, Loan ID - R1D355097223
| 9.375
| 12-01-55
|
| 23,132
| 21,408
|
| Bank of America, Loan ID - R1D355097959
| 5.000
| 08-01-25
|
| 122,954
| 113,794
|
| Bank of America, Loan ID - R1D355403629
| 11.875
| 05-01-48
|
| 500
| 462
|
| Bank of America, Loan ID - R1D356173883
| 8.250
| 09-01-30
|
| 37,410
| 34,623
|
| Bank of America, Loan ID - R1D356181172
| 8.250
| 06-25-29
|
| 18,026
| 16,683
|
| Bank of America, Loan ID - R1D356499075 (I)
| 10.750
| 03-01-24
|
| 5,010
| 4,637
|
| Bank of America, Loan ID - R1D356699520
| 4.000
| 09-01-25
|
| 24,444
| 22,623
|
| Bank of America, Loan ID - R1D356859476 (I)
| 8.500
| 04-01-24
|
| 11,302
| 10,460
|
| Bank of America, Loan ID - R1D357357292
| 11.750
| 12-01-32
|
| 8,112
| 7,508
|
| Bank of America, Loan ID - R1D359564954
| 3.750
| 12-01-30
|
| 105,182
| 97,346
|
| 15
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D360095964 (I)
| 10.500
| 01-01-24
|
| 12,065
| $11,166
|
| Bank of America, Loan ID - R1D360234127
| 8.250
| 01-01-37
|
| 26,189
| 24,238
|
| Bank of America, Loan ID - R1D360265715
| 11.250
| 03-01-35
|
| 5,211
| 4,822
|
| Bank of America, Loan ID - R1D36034652
| 10.250
| 11-01-35
|
| 5,704
| 5,279
|
| Bank of America, Loan ID - R1D361381490
| 8.250
| 02-01-27
|
| 15,702
| 14,532
|
| Bank of America, Loan ID - R1D361469782
| 10.125
| 11-01-36
|
| 4,387
| 4,060
|
| Bank of America, Loan ID - R1D361537011
| 4.130
| 05-25-29
|
| 210,220
| 194,559
|
| Bank of America, Loan ID - R1D361608499
| 10.250
| 05-01-58
|
| 5,206
| 4,818
|
| Bank of America, Loan ID - R1D361739084
| 8.000
| 12-01-32
|
| 3,930
| 3,637
|
| Bank of America, Loan ID - R1D361892055 (G)
| 11.250
| 01-01-32
|
| 8,804
| 8,148
|
| Bank of America, Loan ID - R1D361936975
| 8.250
| 05-01-36
|
| 22,494
| 20,818
|
| Bank of America, Loan ID - R1D361948846
| 9.500
| 09-01-51
|
| 1,141
| 1,056
|
| Bank of America, Loan ID - R1D362044297
| 9.250
| 06-01-35
|
| 15,897
| 14,712
|
| Bank of America, Loan ID - R1D362044305
| 9.250
| 05-01-31
|
| 15,902
| 14,717
|
| Bank of America, Loan ID - R1D362088294 (I)
| 8.750
| 08-01-24
|
| 66,465
| 61,514
|
| Bank of America, Loan ID - R1D362185211 (H)
| 8.250
| 05-25-29
|
| 51,849
| 47,986
|
| Bank of America, Loan ID - R1D362668892
| 3.875
| 06-01-25
|
| 36,741
| 34,003
|
| Bank of America, Loan ID - R1D362733412 (H)
| 10.500
| 08-01-27
|
| 5,061
| 4,684
|
| Bank of America, Loan ID - R1D362756193
| 10.125
| 06-25-29
|
| 1,239
| 1,146
|
| Bank of America, Loan ID - R1D363207796
| 8.250
| 07-01-29
|
| 67,252
| 62,241
|
| Bank of America, Loan ID - R1D363420996 (H)
| 11.000
| 05-25-29
|
| 11,144
| 10,314
|
| Bank of America, Loan ID - R1D363599719
| 9.875
| 08-01-29
|
| 126,310
| 116,899
|
| Bank of America, Loan ID - R1D363833514
| 8.625
| 05-01-28
|
| 10,725
| 9,926
|
| Bank of America, Loan ID - R1D363873763 (H)
| 2.000
| 08-01-29
|
| 43,163
| 39,947
|
| Bank of America, Loan ID - R1D363893233
| 3.750
| 05-01-30
|
| 155,560
| 143,970
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 16
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D363899752
| 11.750
| 11-01-37
|
| 7,582
| $7,017
|
| Bank of America, Loan ID - R1D363904900
| 8.000
| 07-01-30
|
| 23,550
| 21,796
|
| Bank of America, Loan ID - R1D364621981
| 9.500
| 12-01-47
|
| 2,531
| 2,342
|
| Bank of America, Loan ID - R1D36487518
| 10.125
| 01-01-30
|
| 772
| 715
|
| Bank of America, Loan ID - R1D36498874
| 10.875
| 11-01-35
|
| 1,820
| 1,684
|
| Bank of America, Loan ID - R1D365497744
| 3.625
| 05-01-30
|
| 94,631
| 87,581
|
| Bank of America, Loan ID - R1D365732055
| 8.250
| 02-01-48
|
| 6,614
| 6,121
|
| Bank of America, Loan ID - R1D366122718
| 10.625
| 10-01-38
|
| 3,889
| 3,599
|
| Bank of America, Loan ID - R1D36627178
| 3.875
| 04-01-31
|
| 85,280
| 78,926
|
| Bank of America, Loan ID - R1D366643686
| 9.375
| 09-25-29
|
| 41,400
| 38,316
|
| Bank of America, Loan ID - R1D366683283
| 9.500
| 08-01-64
|
| 25,676
| 23,763
|
| Bank of America, Loan ID - R1D366831278
| 8.000
| 08-25-29
|
| 12,542
| 11,607
|
| Bank of America, Loan ID - R1D366865047
| 11.750
| 08-25-29
|
| 6,269
| 5,802
|
| Bank of America, Loan ID - R1D366899536
| 4.875
| 12-01-35
|
| 39,142
| 36,226
|
| Bank of America, Loan ID - R1D366957506
| 11.250
| 04-01-37
|
| 19,135
| 17,710
|
| Bank of America, Loan ID - R1D367129539 (G)
| 10.125
| 03-01-25
|
| 11,111
| 10,283
|
| Bank of America, Loan ID - R1D367146938
| 9.375
| 04-01-32
|
| 11,160
| 10,329
|
| Bank of America, Loan ID - R1D367318342
| 10.125
| 07-01-27
|
| 4,502
| 4,166
|
| Bank of America, Loan ID - R1D367340376
| 9.375
| 03-01-48
|
| 31,011
| 28,700
|
| Bank of America, Loan ID - R1D36749564 (H)
| 11.500
| 06-01-35
|
| 18
| 17
|
| Bank of America, Loan ID - R1D367593182
| 8.500
| 09-01-25
|
| 42,015
| 38,885
|
| Bank of America, Loan ID - R1D367822183
| 8.625
| 08-25-29
|
| 12,420
| 11,494
|
| Bank of America, Loan ID - R1D367978692
| 10.500
| 02-01-25
|
| 10,495
| 9,713
|
| Bank of America, Loan ID - R1D367979468
| 10.625
| 09-01-28
|
| 9,963
| 9,221
|
| Bank of America, Loan ID - R1D368071015 (I)
| 8.500
| 08-01-24
|
| 13,593
| 12,580
|
| 17
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D368227582 (G)
| 5.875
| 12-01-28
|
| 21,913
| $20,281
|
| Bank of America, Loan ID - R1D368465662
| 10.500
| 06-01-26
|
| 1,500
| 1,388
|
| Bank of America, Loan ID - R1D37065578
| 10.000
| 05-01-41
|
| 3,111
| 2,879
|
| Bank of America, Loan ID - R1D377116667 (H)
| 12.125
| 08-01-24
|
| 9,988
| 9,244
|
| Bank of America, Loan ID - R1D378464847
| 9.875
| 09-25-29
|
| 15,144
| 14,015
|
| Bank of America, Loan ID - R1D382472688 (G)
| 6.500
| 11-01-28
|
| 100,524
| 93,035
|
| Bank of America, Loan ID - R1D382866130
| 3.750
| 02-01-31
|
| 244,927
| 226,680
|
| Bank of America, Loan ID - R1D383023953
| 8.000
| 07-01-28
|
| 41,980
| 38,853
|
| Bank of America, Loan ID - R1D383930490
| 8.000
| 05-01-37
|
| 25,701
| 23,787
|
| Bank of America, Loan ID - R1D383989247
| 8.000
| 01-01-34
|
| 13,819
| 12,790
|
| Bank of America, Loan ID - R1D384203747
| 3.750
| 10-25-29
|
| 182,857
| 169,234
|
| Bank of America, Loan ID - R1D384640739
| 8.875
| 12-01-30
|
| 11,885
| 10,999
|
| Bank of America, Loan ID - R1D385022522
| 8.250
| 10-01-29
|
| 41,414
| 38,328
|
| Bank of America, Loan ID - R1D386282717
| 8.625
| 11-25-29
|
| 2,013
| 1,863
|
| Bank of America, Loan ID - R1D396995685
| 4.375
| 03-01-26
|
| 503,904
| 466,859
|
| Bank of America, Loan ID - R1D397015502
| 8.625
| 05-25-30
|
| 12,029
| 11,133
|
| Bank of America, Loan ID - R1D39701670
| 14.375
| 04-01-28
|
| 6,877
| 6,364
|
| Bank of America, Loan ID - R1D4135626031
| 9.500
| 10-11-35
|
| 57,290
| 41,117
|
| Bank of America, Loan ID - R1D4135626439
| 4.410
| 11-15-31
|
| 149,873
| 107,564
|
| Bank of America, Loan ID - R1D4135734289
| 8.500
| 11-24-35
|
| 22,403
| 16,079
|
| Bank of America, Loan ID - R1D4142769943 (G)
| 8.750
| 05-24-36
|
| 19,984
| 14,343
|
| Bank of America, Loan ID - R1D4142800616
| 8.500
| 04-25-36
|
| 12,385
| 8,889
|
| Bank of America, Loan ID - R1D4142828361
| 8.750
| 04-19-36
|
| 46,631
| 33,467
|
| Bank of America, Loan ID - R1D4142856650
| 8.500
| 06-23-36
|
| 33,380
| 23,957
|
| Bank of America, Loan ID - R1D4142878025
| 5.000
| 04-25-36
|
| 163,218
| 117,142
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 18
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D4142880321 (H)
| 4.125
| 06-15-36
|
| 57,047
| $40,942
|
| Bank of America, Loan ID - R1D4159368640
| 8.500
| 10-01-36
|
| 55,713
| 39,986
|
| Bank of America, Loan ID - R1D4176255967 (H)
| 9.125
| 07-25-32
|
| 19,231
| 13,802
|
| Bank of America, Loan ID - R1D4872500158
| 5.125
| 08-01-55
|
| 9,765
| 7,008
|
| Bank of America, Loan ID - R1D4874021873
| 6.125
| 11-01-34
|
| 161,162
| 115,666
|
| Bank of America, Loan ID - R1D4875021313
| 8.840
| 02-01-34
|
| 9,268
| 6,652
|
| Bank of America, Loan ID - R1D4875387526 (G)
| 7.640
| 01-01-29
|
| 21,431
| 15,381
|
| Bank of America, Loan ID - R1D4875700321 (G)
| 7.100
| 06-30-30
|
| 17,365
| 12,463
|
| Bank of America, Loan ID - R1D4875704583 (G)
| 7.750
| 09-22-30
|
| 10,623
| 7,624
|
| Bank of America, Loan ID - R1D4875758189 (G)
| 2.740
| 03-29-33
|
| 383,607
| 275,314
|
| Bank of America, Loan ID - R1D4875958325 (H)
| 8.440
| 12-01-31
|
| 16,492
| 11,836
|
| Bank of America, Loan ID - R1D4875960106 (G)
| 8.090
| 04-15-32
|
| 40,573
| 29,120
|
| Bank of America, Loan ID - R1D4875973630 (G)
| 8.090
| 03-01-31
|
| 22,201
| 15,934
|
| Bank of America, Loan ID - R1D4876049582 (G)
| 8.240
| 07-18-32
|
| 18,292
| 13,128
|
| Bank of America, Loan ID - R1D4876317082 (H)
| 7.490
| 07-29-30
|
| 59,371
| 42,611
|
| Bank of America, Loan ID - R1D4876484679 (G)
| 7.740
| 06-26-31
|
| 99,115
| 71,135
|
| Bank of America, Loan ID - R1D4876635543
| 7.740
| 09-17-32
|
| 23,473
| 16,847
|
| Bank of America, Loan ID - R1D4876762155 (H)
| 7.740
| 01-16-36
|
| 60,388
| 43,341
|
| Bank of America, Loan ID - R1D4876763347 (G)
| 4.375
| 01-03-54
|
| 343,203
| 246,317
|
| Bank of America, Loan ID - R1D4876765322 (H)
| 7.990
| 05-25-35
|
| 32,202
| 23,111
|
| Bank of America, Loan ID - R1D4876771641 (G)
| 2.740
| 06-01-35
|
| 137,964
| 99,017
|
| Bank of America, Loan ID - R1D4876787441 (H)
| 3.000
| 09-01-54
|
| 333,844
| 239,600
|
| Bank of America, Loan ID - R1D4877096402 (G)
| 9.240
| 05-01-35
|
| 30,803
| 22,107
|
| Bank of America, Loan ID - R1D4877182962 (H)
| 5.059
| 11-12-31
|
| 48,719
| 34,966
|
| Bank of America, Loan ID - R1D4877458965
| 4.000
| 10-20-34
|
| 54,567
| 39,163
|
| 19
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D4877518821
| 10.490
| 10-25-31
|
| 17,788
| $12,766
|
| Bank of America, Loan ID - R1D4877521188 (G)
| 6.190
| 02-09-32
|
| 14,088
| 10,111
|
| Bank of America, Loan ID - R1D625920381
| 8.750
| 10-25-29
|
| 5,654
| 4,973
|
| Bank of America, Loan ID - R1D645293729
| 8.500
| 11-25-28
|
| 2,775
| 2,441
|
| Bank of America, Loan ID - R1D648343679
| 9.750
| 11-25-29
|
| 78,257
| 68,827
|
| Bank of America, Loan ID - R1D65354358
| 10.875
| 11-25-29
|
| 9,729
| 8,557
|
| Bank of America, Loan ID - R1D654825694
| 11.000
| 10-25-29
|
| 398
| 350
|
| Bank of America, Loan ID - R1D656506660
| 11.500
| 06-25-29
|
| 6,592
| 5,797
|
| Bank of America, Loan ID - R1D65796677
| 10.875
| 10-25-29
|
| 5,544
| 4,876
|
| Bank of America, Loan ID - R1D659579588
| 11.375
| 07-25-29
|
| 15,605
| 13,724
|
| Bank of America, Loan ID - R1D660513322
| 3.500
| 08-01-29
|
| 43,650
| 38,390
|
| Bank of America, Loan ID - R1D661194855
| 12.500
| 09-25-29
|
| 20,417
| 17,957
|
| Bank of America, Loan ID - R1D661198639
| 11.500
| 09-25-29
|
| 1,474
| 1,296
|
| Bank of America, Loan ID - R1D662692977
| 8.500
| 07-25-29
|
| 16,669
| 14,661
|
| Bank of America, Loan ID - R1D662956543
| 10.375
| 10-25-29
|
| 1,434
| 1,261
|
| Bank of America, Loan ID - R1D663275376
| 3.625
| 11-25-29
|
| 73,632
| 64,760
|
| Bank of America, Loan ID - R1D663450913
| 12.000
| 10-25-29
|
| 8,973
| 7,891
|
| Bank of America, Loan ID - R1D663679709
| 11.000
| 10-25-29
|
| 17,413
| 15,315
|
| Bank of America, Loan ID - R1D663882323
| 10.375
| 10-25-29
|
| 7,979
| 7,017
|
| Bank of America, Loan ID - R1D663977877
| 9.500
| 12-25-29
|
| 6,472
| 5,692
|
| Bank of America, Loan ID - R1D665123183
| 8.500
| 08-25-29
|
| 67,474
| 59,344
|
| Bank of America, Loan ID - R1D665400024
| 10.500
| 11-25-29
|
| 8,549
| 7,519
|
| Bank of America, Loan ID - R1D665729948
| 10.875
| 10-25-29
|
| 3,855
| 3,390
|
| Bank of America, Loan ID - R1D666174494
| 11.000
| 10-25-29
|
| 12,150
| 10,686
|
| Bank of America, Loan ID - R1D666480562
| 4.500
| 08-01-29
|
| 349,654
| 307,520
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 20
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D667282831
| 9.250
| 08-25-29
|
| 14,083
| $12,386
|
| Bank of America, Loan ID - R1D667759124
| 12.000
| 11-25-29
|
| 12,057
| 10,604
|
| Bank of America, Loan ID - R1D667789897
| 8.750
| 10-25-29
|
| 782
| 687
|
| Bank of America, Loan ID - R1D667817878
| 8.875
| 08-25-29
|
| 34,180
| 30,061
|
| Bank of America, Loan ID - R1D667955965 (G)
| 11.375
| 10-25-29
|
| 9,477
| 8,335
|
| Bank of America, Loan ID - R1D668134805
| 10.500
| 11-25-29
|
| 14,687
| 12,917
|
| Bank of America, Loan ID - R1D668175186
| 8.750
| 09-25-29
|
| 3,761
| 3,308
|
| Bank of America, Loan ID - R1D668350421
| 10.500
| 10-25-29
|
| 14,519
| 12,769
|
| Bank of America, Loan ID - R1D668477927
| 11.500
| 10-25-29
|
| 20,866
| 18,352
|
| Bank of America, Loan ID - R1D67101124
| 12.000
| 11-25-29
|
| 14,010
| 12,322
|
| Bank of America, Loan ID - R1D67442686
| 12.750
| 10-25-29
|
| 6,206
| 5,458
|
| Bank of America, Loan ID - R1D676546412 (G)
| 5.250
| 10-25-29
|
| 144,930
| 127,466
|
| Bank of America, Loan ID - R1D676710984
| 9.750
| 11-25-29
|
| 33,241
| 29,235
|
| Bank of America, Loan ID - R1D676786718
| 12.000
| 10-25-29
|
| 5,265
| 4,631
|
| Bank of America, Loan ID - R1D677095414
| 9.000
| 10-25-29
|
| 21,449
| 18,864
|
| Bank of America, Loan ID - R1D677199188
| 10.625
| 10-25-29
|
| 15,854
| 13,944
|
| Bank of America, Loan ID - R1D677411237
| 10.375
| 10-25-29
|
| 9,450
| 8,311
|
| Bank of America, Loan ID - R1D677428969
| 11.000
| 09-25-29
|
| 23,325
| 20,514
|
| Bank of America, Loan ID - R1D677430401
| 12.000
| 10-25-29
|
| 27,954
| 24,585
|
| Bank of America, Loan ID - R1D677448552
| 9.625
| 10-25-29
|
| 9,725
| 8,553
|
| Bank of America, Loan ID - R1D677449020
| 9.375
| 09-25-29
|
| 32,380
| 28,478
|
| Bank of America, Loan ID - R1D677449540
| 5.875
| 10-01-29
|
| 25,187
| 22,152
|
| Bank of America, Loan ID - R1D677588112
| 12.500
| 08-25-29
|
| 17,972
| 15,807
|
| Bank of America, Loan ID - R1D677759741
| 10.750
| 09-25-29
|
| 15,522
| 13,651
|
| Bank of America, Loan ID - R1D677785217
| 10.000
| 09-25-29
|
| 13,369
| 11,758
|
| 21
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D677785521
| 9.000
| 09-25-29
|
| 36,505
| $32,106
|
| Bank of America, Loan ID - R1D677792417
| 3.625
| 09-25-29
|
| 28,979
| 25,487
|
| Bank of America, Loan ID - R1D677910257
| 8.625
| 09-25-29
|
| 4,693
| 4,128
|
| Bank of America, Loan ID - R1D678029048
| 9.750
| 10-25-29
|
| 19,092
| 16,792
|
| Bank of America, Loan ID - R1D678181187
| 3.750
| 10-25-29
|
| 90,392
| 79,499
|
| Bank of America, Loan ID - R1D678288897
| 12.000
| 10-25-29
|
| 9,957
| 8,757
|
| Bank of America, Loan ID - R1D678347296
| 9.875
| 10-25-29
|
| 12,951
| 11,390
|
| Bank of America, Loan ID - R1D678601292
| 10.625
| 10-25-29
|
| 28,245
| 24,842
|
| Bank of America, Loan ID - R1D678715723
| 10.250
| 11-25-29
|
| 16,028
| 14,097
|
| Bank of America, Loan ID - R1D678854988
| 3.250
| 10-01-29
|
| 43,765
| 38,491
|
| Bank of America, Loan ID - R1D678856716
| 3.750
| 10-01-29
|
| 72,670
| 63,914
|
| Bank of America, Loan ID - R1D678986092
| 11.000
| 11-25-29
|
| 5,243
| 4,612
|
| Bank of America, Loan ID - R1D678986684
| 11.250
| 11-25-29
|
| 8,498
| 7,474
|
| Bank of America, Loan ID - R1D679172828
| 11.000
| 11-25-29
|
| 10,580
| 9,305
|
| Bank of America, Loan ID - R1D679180285
| 13.250
| 10-25-29
|
| 19,300
| 16,975
|
| Bank of America, Loan ID - R1D679213009
| 11.625
| 06-25-29
|
| 5,140
| 4,521
|
| Bank of America, Loan ID - R1D679251070
| 10.250
| 11-25-29
|
| 40,891
| 35,964
|
| Bank of America, Loan ID - R1D681746961
| 11.500
| 09-25-29
|
| 9,288
| 8,169
|
| Bank of America, Loan ID - R1D681784389 (G)
| 3.875
| 09-25-29
|
| 379,955
| 334,170
|
| Bank of America, Loan ID - R1D681930432
| 11.250
| 10-25-29
|
| 6,351
| 5,585
|
| Bank of America, Loan ID - R1D681965722
| 11.000
| 10-25-29
|
| 28,213
| 24,813
|
| Bank of America, Loan ID - R1D681965866
| 9.500
| 10-25-29
|
| 10,796
| 9,495
|
| Bank of America, Loan ID - R1D681977177
| 9.000
| 10-25-29
|
| 4,203
| 3,697
|
| Bank of America, Loan ID - R1D682034637
| 8.500
| 11-25-29
|
| 16,110
| 14,169
|
| Bank of America, Loan ID - R1D682118266
| 8.750
| 10-25-29
|
| 13,520
| 11,891
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 22
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D682137392
| 3.750
| 12-25-29
|
| 65,475
| $57,585
|
| Bank of America, Loan ID - R1D682188145
| 11.500
| 10-25-29
|
| 11,786
| 10,366
|
| Bank of America, Loan ID - R1D682238486
| 9.250
| 09-25-29
|
| 35,773
| 31,463
|
| Bank of America, Loan ID - R1D682377981
| 9.000
| 10-25-29
|
| 16,564
| 14,568
|
| Bank of America, Loan ID - R1D682449041
| 11.500
| 10-25-29
|
| 15,116
| 13,294
|
| Bank of America, Loan ID - R1D682585998 (G)
| 11.500
| 10-25-29
|
| 317
| 279
|
| Bank of America, Loan ID - R1D682663667
| 11.000
| 10-25-29
|
| 10,055
| 8,843
|
| Bank of America, Loan ID - R1D682746907
| 10.875
| 10-25-29
|
| 18,042
| 15,868
|
| Bank of America, Loan ID - R1D682800794
| 10.750
| 10-25-29
|
| 16,071
| 14,135
|
| Bank of America, Loan ID - R1D682910647
| 3.875
| 10-25-29
|
| 87,324
| 76,802
|
| Bank of America, Loan ID - R1D683002263
| 11.375
| 11-25-29
|
| 19,828
| 17,438
|
| Bank of America, Loan ID - R1D683013402
| 8.500
| 11-25-29
|
| 10,585
| 9,310
|
| Bank of America, Loan ID - R1D683013538
| 10.750
| 11-25-29
|
| 2,691
| 2,367
|
| Bank of America, Loan ID - R1D683041593
| 12.000
| 10-25-29
|
| 1,451
| 1,276
|
| Bank of America, Loan ID - R1D683086895
| 10.750
| 10-25-29
|
| 13,760
| 12,102
|
| Bank of America, Loan ID - R1D683134629
| 11.000
| 10-25-29
|
| 10,194
| 8,966
|
| Bank of America, Loan ID - R1D683146203
| 12.375
| 10-25-29
|
| 6,058
| 5,328
|
| Bank of America, Loan ID - R1D683164492
| 3.875
| 10-25-29
|
| 214,890
| 188,996
|
| Bank of America, Loan ID - R1D683170000 (G)
| 6.750
| 10-25-29
|
| 17,414
| 15,315
|
| Bank of America, Loan ID - R1D683247647
| 10.875
| 10-25-29
|
| 11,100
| 9,762
|
| Bank of America, Loan ID - R1D683282764
| 12.625
| 11-25-29
|
| 18,040
| 15,866
|
| Bank of America, Loan ID - R1D683293716
| 10.250
| 10-25-29
|
| 30,498
| 26,823
|
| Bank of America, Loan ID - R1D683355608
| 8.750
| 10-25-29
|
| 13,831
| 12,165
|
| Bank of America, Loan ID - R1D683378087
| 9.000
| 10-25-29
|
| 59,879
| 52,663
|
| Bank of America, Loan ID - R1D683382736
| 8.500
| 10-25-29
|
| 6,664
| 5,861
|
| 23
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D683433137
| 8.500
| 10-25-29
|
| 2,118
| $1,862
|
| Bank of America, Loan ID - R1D683508082
| 9.625
| 10-25-29
|
| 16,767
| 14,747
|
| Bank of America, Loan ID - R1D683534085
| 10.750
| 10-25-29
|
| 614
| 540
|
| Bank of America, Loan ID - R1D683558159
| 10.750
| 11-25-29
|
| 5,458
| 4,800
|
| Bank of America, Loan ID - R1D683561889
| 9.500
| 10-25-29
|
| 7,559
| 6,648
|
| Bank of America, Loan ID - R1D683594230
| 4.625
| 10-01-29
|
| 72,515
| 63,777
|
| Bank of America, Loan ID - R1D683598309
| 11.500
| 11-25-29
|
| 9,069
| 7,976
|
| Bank of America, Loan ID - R1D683728065
| 9.625
| 10-25-29
|
| 17,263
| 15,183
|
| Bank of America, Loan ID - R1D683791396
| 9.500
| 10-25-29
|
| 51,959
| 45,698
|
| Bank of America, Loan ID - R1D683806868
| 12.000
| 11-25-29
|
| 1,677
| 1,475
|
| Bank of America, Loan ID - R1D683838320
| 4.750
| 10-01-29
|
| 23,076
| 20,295
|
| Bank of America, Loan ID - R1D683843935
| 8.500
| 10-25-29
|
| 1,135
| 998
|
| Bank of America, Loan ID - R1D683868522
| 4.125
| 10-01-29
|
| 59,917
| 52,697
|
| Bank of America, Loan ID - R1D683884018
| 11.000
| 11-25-29
|
| 5,614
| 4,937
|
| Bank of America, Loan ID - R1D683995587
| 4.375
| 10-25-29
|
| 212,967
| 187,305
|
| Bank of America, Loan ID - R1D684092694
| 11.000
| 10-25-29
|
| 1,875
| 1,649
|
| Bank of America, Loan ID - R1D684137068
| 11.500
| 10-25-29
|
| 4,999
| 4,397
|
| Bank of America, Loan ID - R1D684180712
| 9.750
| 10-25-29
|
| 5,301
| 4,662
|
| Bank of America, Loan ID - R1D684224954
| 9.625
| 11-25-29
|
| 5,579
| 4,907
|
| Bank of America, Loan ID - R1D684283115
| 9.500
| 10-25-29
|
| 19,272
| 16,950
|
| Bank of America, Loan ID - R1D684332669
| 10.375
| 11-25-29
|
| 4,737
| 4,166
|
| Bank of America, Loan ID - R1D684335286
| 12.000
| 10-25-29
|
| 7,437
| 6,541
|
| Bank of America, Loan ID - R1D684401932
| 4.875
| 10-01-29
|
| 32,291
| 28,400
|
| Bank of America, Loan ID - R1D684423921
| 12.750
| 10-25-29
|
| 2,238
| 1,968
|
| Bank of America, Loan ID - R1D684438382
| 9.250
| 11-25-29
|
| 41,363
| 36,379
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 24
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D684449129
| 9.625
| 10-25-29
|
| 20,704
| $18,210
|
| Bank of America, Loan ID - R1D684477402
| 12.000
| 10-25-29
|
| 14,848
| 13,058
|
| Bank of America, Loan ID - R1D684517492 (G)
| 5.625
| 10-25-29
|
| 32,592
| 28,664
|
| Bank of America, Loan ID - R1D684551330
| 11.000
| 11-25-29
|
| 3,834
| 3,372
|
| Bank of America, Loan ID - R1D684623098
| 8.750
| 11-25-29
|
| 17,538
| 15,425
|
| Bank of America, Loan ID - R1D684628671
| 12.000
| 10-25-29
|
| 2,893
| 2,545
|
| Bank of America, Loan ID - R1D684714187
| 8.750
| 10-25-29
|
| 15,745
| 13,848
|
| Bank of America, Loan ID - R1D684718416
| 12.000
| 11-25-29
|
| 21,596
| 18,994
|
| Bank of America, Loan ID - R1D684756906
| 12.000
| 10-25-29
|
| 7,480
| 6,579
|
| Bank of America, Loan ID - R1D684760509
| 13.000
| 11-25-29
|
| 4,474
| 3,935
|
| Bank of America, Loan ID - R1D684779309
| 9.625
| 12-25-29
|
| 12,130
| 10,668
|
| Bank of America, Loan ID - R1D684793043
| 10.375
| 11-30-29
|
| 9,448
| 8,309
|
| Bank of America, Loan ID - R1D684824695
| 10.750
| 10-25-29
|
| 2,329
| 2,048
|
| Bank of America, Loan ID - R1D684846066
| 10.750
| 11-25-29
|
| 14,362
| 12,632
|
| Bank of America, Loan ID - R1D684953503
| 8.500
| 11-25-29
|
| 17,961
| 15,797
|
| Bank of America, Loan ID - R1D684967411 (G)
| 4.250
| 11-25-29
|
| 92,711
| 81,539
|
| Bank of America, Loan ID - R1D684980716
| 8.875
| 10-25-29
|
| 27,116
| 23,848
|
| Bank of America, Loan ID - R1D685097423
| 11.000
| 10-25-29
|
| 1,667
| 1,466
|
| Bank of America, Loan ID - R1D685221694
| 12.000
| 11-25-29
|
| 2,785
| 2,450
|
| Bank of America, Loan ID - R1D685244633
| 12.000
| 11-25-29
|
| 15,658
| 13,771
|
| Bank of America, Loan ID - R1D685286302
| 10.750
| 11-25-29
|
| 8,102
| 7,126
|
| Bank of America, Loan ID - R1D685302504
| 10.375
| 11-25-29
|
| 16,347
| 14,377
|
| Bank of America, Loan ID - R1D685329020
| 8.750
| 11-25-29
|
| 6,199
| 5,452
|
| Bank of America, Loan ID - R1D685531245
| 11.000
| 12-25-29
|
| 1,940
| 1,706
|
| Bank of America, Loan ID - R1D685834100
| 12.000
| 11-25-29
|
| 4,752
| 4,179
|
| 25
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D685845319
| 8.500
| 11-25-29
|
| 52,648
| $46,304
|
| Bank of America, Loan ID - R1D685853757
| 10.375
| 11-25-29
|
| 114
| 101
|
| Bank of America, Loan ID - R1D685928028
| 12.000
| 10-25-29
|
| 16,868
| 14,836
|
| Bank of America, Loan ID - R1D685937267
| 8.750
| 11-25-29
|
| 10,681
| 9,394
|
| Bank of America, Loan ID - R1D685945624
| 5.125
| 01-01-30
|
| 61,447
| 54,043
|
| Bank of America, Loan ID - R1D685946384
| 4.750
| 12-01-29
|
| 53,908
| 47,412
|
| Bank of America, Loan ID - R1D685968483
| 8.750
| 11-25-29
|
| 8,814
| 7,752
|
| Bank of America, Loan ID - R1D686107034
| 4.750
| 11-01-29
|
| 35,285
| 31,033
|
| Bank of America, Loan ID - R1D686170042 (G)
| 9.125
| 11-25-29
|
| 144,976
| 127,506
|
| Bank of America, Loan ID - R1D686179719
| 9.750
| 11-25-29
|
| 7,404
| 6,512
|
| Bank of America, Loan ID - R1D686185292
| 4.875
| 10-01-29
|
| 64,670
| 56,877
|
| Bank of America, Loan ID - R1D686194538
| 4.000
| 12-25-29
|
| 106,621
| 93,773
|
| Bank of America, Loan ID - R1D686204803
| 8.500
| 11-25-29
|
| 26,553
| 23,353
|
| Bank of America, Loan ID - R1D686248222
| 11.500
| 11-25-29
|
| 8,989
| 7,906
|
| Bank of America, Loan ID - R1D686281525
| 13.125
| 11-25-29
|
| 5,415
| 4,762
|
| Bank of America, Loan ID - R1D686392408 (G)
| 6.250
| 11-25-29
|
| 82,692
| 72,728
|
| Bank of America, Loan ID - R1D686403257
| 8.875
| 11-25-29
|
| 8,470
| 7,449
|
| Bank of America, Loan ID - R1D686417680
| 4.000
| 11-25-29
|
| 43,610
| 38,355
|
| Bank of America, Loan ID - R1D686420295
| 3.875
| 12-01-29
|
| 21,811
| 19,183
|
| Bank of America, Loan ID - R1D686463364
| 3.625
| 11-25-29
|
| 42,331
| 37,230
|
| Bank of America, Loan ID - R1D686481633 (G)
| 12.000
| 11-25-29
|
| 17,696
| 15,563
|
| Bank of America, Loan ID - R1D686521219
| 10.750
| 11-25-29
|
| 3,936
| 3,462
|
| Bank of America, Loan ID - R1D686527895 (G)
| 11.000
| 11-25-29
|
| 10,582
| 9,307
|
| Bank of America, Loan ID - R1D686578566
| 9.625
| 12-25-29
|
| 9,859
| 8,671
|
| Bank of America, Loan ID - R1D686606955
| 8.500
| 11-25-29
|
| 9,487
| 8,344
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 26
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Bank of America, Loan ID - R1D686659596
| 3.625
| 11-25-29
|
| 47,936
| $42,160
|
| Bank of America, Loan ID - R1D686677982
| 11.000
| 11-25-29
|
| 8,566
| 7,534
|
| Bank of America, Loan ID - R1D686679970
| 11.000
| 11-25-29
|
| 6,750
| 5,936
|
| Bank of America, Loan ID - R1D686681422
| 4.500
| 11-01-29
|
| 50,572
| 44,478
|
| Bank of America, Loan ID - R1D686730930
| 4.125
| 11-01-29
|
| 69,953
| 61,524
|
| Bank of America, Loan ID - R1D686731922
| 8.875
| 11-25-29
|
| 9,657
| 8,493
|
| Bank of America, Loan ID - R1D686797077
| 13.000
| 11-25-29
|
| 6,128
| 5,389
|
| Bank of America, Loan ID - R1D686877830
| 8.750
| 11-25-29
|
| 3,050
| 2,682
|
| Bank of America, Loan ID - R1D686921545
| 9.000
| 11-25-29
|
| 19,949
| 17,545
|
| Bank of America, Loan ID - R1D687043683
| 11.000
| 11-25-29
|
| 11,346
| 9,978
|
| Bank of America, Loan ID - R1D687049159
| 9.000
| 12-25-29
|
| 18,092
| 15,912
|
| Bank of America, Loan ID - R1D687194397
| 4.250
| 11-01-29
|
| 54,742
| 48,145
|
| Bank of America, Loan ID - R1D687370577
| 3.625
| 11-25-29
|
| 121,149
| 106,551
|
| Bank of America, Loan ID - R1D687663380
| 3.625
| 11-25-29
|
| 52,154
| 45,869
|
| Capital Asset Management, Loan ID - R1D1153882
| 3.900
| 09-01-47
|
| 68,179
| 50,909
|
| Capital Asset Management, Loan ID - R1D1164563
| 2.496
| 07-01-50
|
| 470,954
| 351,661
|
| Capital Asset Management, Loan ID - R1D1164608 (G)
| 9.020
| 01-01-39
|
| 70,305
| 52,496
|
| Capital Asset Management, Loan ID - R1D1182587
| 3.000
| 09-01-54
|
| 100,183
| 74,807
|
| Capital Asset Management, Loan ID - R1D1182798
| 5.050
| 12-01-60
|
| 123,544
| 92,251
|
| Capital Asset Management, Loan ID - R1D1183348 (G)
| 4.000
| 05-01-48
|
| 40,627
| 30,336
|
| Capital Asset Management, Loan ID - R1D1183623
| 12.375
| 11-01-36
|
| 52,374
| 39,108
|
| Capital Asset Management, Loan ID - R1D1183665
| 9.000
| 02-01-62
|
| 322,399
| 240,736
|
| Capital Asset Management, Loan ID - R1D1183940
| 4.000
| 07-01-56
|
| 109,076
| 81,447
|
| Capital Asset Management, Loan ID - R1D1184084 (G)
| 2.000
| 02-01-49
|
| 46,457
| 34,689
|
| Capital Asset Management, Loan ID - R1D1184204 (H)
| 12.375
| 12-01-36
|
| 65,371
| 48,813
|
| 27
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1184992 (G)
| 4.000
| 11-10-43
|
| 33,297
| $24,863
|
| Capital Asset Management, Loan ID - R1D1185065
| 3.000
| 02-01-62
|
| 72,392
| 54,055
|
| Capital Asset Management, Loan ID - R1D1185111
| 4.000
| 08-01-53
|
| 84,089
| 62,789
|
| Capital Asset Management, Loan ID - R1D1185232
| 10.750
| 10-01-36
|
| 87,143
| 65,070
|
| Capital Asset Management, Loan ID - R1D1213420
| 7.650
| 03-01-37
|
| 50,974
| 38,063
|
| Capital Asset Management, Loan ID - R1D1214687 (H)
| 9.000
| 01-01-52
|
| 146,102
| 109,095
|
| Capital Asset Management, Loan ID - R1D1214825 (G)
| 10.250
| 02-01-37
|
| 124,866
| 93,237
|
| Capital Asset Management, Loan ID - R1D1216036 (H)
| 10.000
| 03-19-62
|
| 47,147
| 35,205
|
| Capital Asset Management, Loan ID - R1D1233673 (H)
| 11.000
| 02-15-27
|
| 8,605
| 6,425
|
| Capital Asset Management, Loan ID - R1D1246972
| 6.950
| 11-01-35
|
| 20,066
| 14,983
|
| Capital Asset Management, Loan ID - R1D1250210
| 7.350
| 04-15-32
|
| 152,119
| 113,587
|
| Capital Asset Management, Loan ID - R1D1250878
| 7.500
| 10-25-38
|
| 5,670
| 4,234
|
| Capital Asset Management, Loan ID - R1D1251042 (H)
| 6.000
| 07-05-41
|
| 41,021
| 30,630
|
| Capital Asset Management, Loan ID - R1D1251729
| 4.000
| 04-06-29
|
| 16,483
| 12,308
|
| Capital Asset Management, Loan ID - R1D1252559
| 5.500
| 08-10-37
|
| 54,238
| 40,500
|
| Capital Asset Management, Loan ID - R1D1253196
| 4.250
| 12-01-49
|
| 23,762
| 17,743
|
| Capital Asset Management, Loan ID - R1D1270232
| 6.696
| 12-01-32
|
| 8,939
| 6,675
|
| Capital Asset Management, Loan ID - R1D1270489
| 4.999
| 02-01-25
|
| 5,752
| 4,295
|
| Capital Asset Management, Loan ID - R1D1270661 (G)
| 4.625
| 04-01-24
|
| 2,400
| 1,792
|
| Capital Asset Management, Loan ID - R1D1270777 (H)
| 4.000
| 03-01-34
|
| 67,142
| 50,135
|
| Capital Asset Management, Loan ID - R1D1271079
| 4.999
| 10-01-38
|
| 32,846
| 24,526
|
| Capital Asset Management, Loan ID - R1D1271156 (H)
| 4.875
| 02-01-40
|
| 38,609
| 28,829
|
| Capital Asset Management, Loan ID - R1D1272159
| 11.496
| 04-01-28
|
| 12,691
| 9,477
|
| Capital Asset Management, Loan ID - R1D1272438
| 4.999
| 05-01-41
|
| 15,876
| 11,855
|
| Capital Asset Management, Loan ID - R1D1273594
| 8.004
| 06-01-34
|
| 10,220
| 7,631
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 28
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1282178
| 3.500
| 11-01-38
|
| 63,058
| $47,085
|
| Capital Asset Management, Loan ID - R1D1282763
| 4.500
| 12-01-36
|
| 15,447
| 11,534
|
| Capital Asset Management, Loan ID - R1D1282909
| 2.000
| 06-01-50
|
| 23,112
| 17,258
|
| Capital Asset Management, Loan ID - R1D1282990
| 7.000
| 11-01-34
|
| 13,601
| 10,156
|
| Capital Asset Management, Loan ID - R1D1283326
| 4.000
| 05-01-36
|
| 76,106
| 56,828
|
| Capital Asset Management, Loan ID - R1D1284156
| 4.000
| 11-01-49
|
| 29,676
| 22,159
|
| Capital Asset Management, Loan ID - R1D1284260
| 4.500
| 11-01-36
|
| 19,472
| 14,540
|
| Capital Asset Management, Loan ID - R1D1285038
| 7.750
| 11-01-37
|
| 100,518
| 75,057
|
| Capital Asset Management, Loan ID - R1D1285155
| 4.625
| 01-01-38
|
| 709
| 530
|
| Capital Asset Management, Loan ID - R1D1285308
| 9.125
| 12-01-38
|
| 32,138
| 23,997
|
| Capital Asset Management, Loan ID - R1D1314052
| 2.000
| 06-01-48
|
| 74,846
| 55,887
|
| Capital Asset Management, Loan ID - R1D1314469 (H)
| 5.000
| 08-22-31
|
| 1,351
| 1,009
|
| Capital Asset Management, Loan ID - R1D1314557 (G)
| 12.514
| 11-12-21
|
| 3,250
| 2,427
|
| Capital Asset Management, Loan ID - R1D1314706 (G)
| 4.000
| 08-03-46
|
| 76,666
| 57,247
|
| Capital Asset Management, Loan ID - R1D1314775 (H)
| 4.000
| 10-28-37
|
| 21,934
| 16,378
|
| Capital Asset Management, Loan ID - R1D1314892
| 2.000
| 07-28-33
|
| 9,277
| 6,927
|
| Capital Asset Management, Loan ID - R1D1315361
| 4.000
| 11-10-39
|
| 52,662
| 39,322
|
| Capital Asset Management, Loan ID - R1D1315396
| 4.000
| 06-28-26
|
| 1,556
| 1,162
|
| Capital Asset Management, Loan ID - R1D1315686
| 4.000
| 09-28-40
|
| 27,401
| 20,461
|
| Capital Asset Management, Loan ID - R1D1316119
| 15.500
| 02-16-26
|
| 3,838
| 2,866
|
| Capital Asset Management, Loan ID - R1D1316742 (H)
| 3.500
| 07-25-42
|
| 34,794
| 25,981
|
| Capital Asset Management, Loan ID - R1D1316964
| 6.000
| 07-01-57
|
| 55,117
| 41,156
|
| Capital Asset Management, Loan ID - R1D1317365
| 4.000
| 02-01-48
|
| 30,234
| 22,576
|
| Capital Asset Management, Loan ID - R1D1317596 (G)
| 6.000
| 07-02-34
|
| 38,765
| 28,946
|
| Capital Asset Management, Loan ID - R1D1317620
| 7.000
| 05-01-32
|
| 74,642
| 55,736
|
| 29
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1317738 (H)
| 3.000
| 06-01-58
|
| 75,795
| $56,596
|
| Capital Asset Management, Loan ID - R1D1318197
| 2.000
| 08-09-37
|
| 50,494
| 37,704
|
| Capital Asset Management, Loan ID - R1D1318692
| 0.000
| 10-14-27
|
| 3,346
| 2,498
|
| Capital Asset Management, Loan ID - R1D1318890
| 0.000
| 03-27-33
|
| 8,436
| 6,300
|
| Capital Asset Management, Loan ID - R1D1319206
| 0.001
| 09-13-25
|
| 1,294
| 966
|
| Capital Asset Management, Loan ID - R1D1320040 (H)
| 0.000
| 01-12-28
|
| 3,198
| 2,388
|
| Capital Asset Management, Loan ID - R1D1320277
| 0.000
| 03-29-25
|
| 438
| 327
|
| Capital Asset Management, Loan ID - R1D1320523
| 14.875
| 09-23-25
|
| 2,266
| 1,692
|
| Capital Asset Management, Loan ID - R1D1320554
| 0.000
| 06-12-28
|
| 2,891
| 2,159
|
| Capital Asset Management, Loan ID - R1D1320600
| 0.000
| 01-19-30
|
| 4,193
| 3,131
|
| Capital Asset Management, Loan ID - R1D1320611
| 0.000
| 06-18-53
|
| 12,417
| 9,272
|
| Capital Asset Management, Loan ID - R1D1320655
| 0.000
| 03-21-26
|
| 1,396
| 1,043
|
| Capital Asset Management, Loan ID - R1D1320758
| 0.000
| 12-15-34
|
| 5,298
| 3,956
|
| Capital Asset Management, Loan ID - R1D1320769
| 0.000
| 07-28-30
|
| 4,575
| 3,416
|
| Capital Asset Management, Loan ID - R1D1320882
| 0.001
| 10-15-27
|
| 3,826
| 2,857
|
| Capital Asset Management, Loan ID - R1D1330294
| 11.000
| 12-01-24
|
| 548
| 409
|
| Capital Asset Management, Loan ID - R1D1330504 (G)
| 0.000
| 09-15-31
|
| 8,185
| 6,112
|
| Capital Asset Management, Loan ID - R1D1330858
| 16.000
| 07-01-36
|
| 56,016
| 41,827
|
| Capital Asset Management, Loan ID - R1D1331024 (H)
| 12.389
| 01-15-23
|
| 14,346
| 10,712
|
| Capital Asset Management, Loan ID - R1D1331435 (G)
| 13.930
| 04-04-24
|
| 20,710
| 15,464
|
| Capital Asset Management, Loan ID - R1D1331710 (G)
| 0.000
| 11-01-35
|
| 26,390
| 19,705
|
| Capital Asset Management, Loan ID - R1D1331723
| 5.000
| 10-01-51
|
| 43,962
| 32,827
|
| Capital Asset Management, Loan ID - R1D1332032
| 0.000
| 08-01-35
|
| 11,441
| 8,543
|
| Capital Asset Management, Loan ID - R1D1332368 (G)
| 0.000
| 06-01-26
|
| 12,377
| 9,242
|
| Capital Asset Management, Loan ID - R1D1332371
| 0.000
| 08-01-38
|
| 27,054
| 20,201
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 30
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1332645
| 10.000
| 09-01-31
|
| 11,672
| $8,716
|
| Capital Asset Management, Loan ID - R1D1332898
| 0.000
| 03-01-37
|
| 22,119
| 16,516
|
| Capital Asset Management, Loan ID - R1D1332973
| 10.000
| 08-01-38
|
| 9,521
| 7,109
|
| Capital Asset Management, Loan ID - R1D1333226
| 0.000
| 09-01-25
|
| 40,644
| 30,349
|
| Capital Asset Management, Loan ID - R1D1333231
| 0.000
| 08-01-37
|
| 12,551
| 9,372
|
| Capital Asset Management, Loan ID - R1D1333604 (G)
| 0.000
| 12-01-37
|
| 55,699
| 41,591
|
| Capital Asset Management, Loan ID - R1D1333763 (H)
| 0.000
| 08-19-18
|
| 58
| 43
|
| Capital Asset Management, Loan ID - R1D1333871 (H)
| 14.128
| 04-13-47
|
| 18,685
| 13,952
|
| Capital Asset Management, Loan ID - R1D1333909
| 9.000
| 11-01-31
|
| 30,440
| 22,729
|
| Capital Asset Management, Loan ID - R1D1333990 (G)
| 0.000
| 12-01-35
|
| 71,660
| 53,508
|
| Capital Asset Management, Loan ID - R1D1334016
| 10.000
| 06-01-36
|
| 5,800
| 4,331
|
| Capital Asset Management, Loan ID - R1D1334290 (H)
| 14.442
| 08-11-24
|
| 16,863
| 12,591
|
| Capital Asset Management, Loan ID - R1D1334425
| 0.000
| 10-01-37
|
| 22,548
| 16,837
|
| Capital Asset Management, Loan ID - R1D1343795
| 8.625
| 06-01-35
|
| 5,948
| 4,441
|
| Capital Asset Management, Loan ID - R1D1343906
| 0.000
| 08-01-33
|
| 39,768
| 29,694
|
| Capital Asset Management, Loan ID - R1D1343962
| 0.000
| 12-01-32
|
| 31,291
| 23,365
|
| Capital Asset Management, Loan ID - R1D1344031
| 6.500
| 05-01-47
|
| 72,907
| 54,440
|
| Capital Asset Management, Loan ID - R1D1344132
| 6.375
| 05-01-36
|
| 69,066
| 51,572
|
| Capital Asset Management, Loan ID - R1D1344220
| 4.000
| 02-01-48
|
| 83,975
| 62,704
|
| Capital Asset Management, Loan ID - R1D1344325
| 4.880
| 03-01-28
|
| 6,156
| 4,597
|
| Capital Asset Management, Loan ID - R1D1346422
| 0.000
| 10-01-41
|
| 38,381
| 28,659
|
| Capital Asset Management, Loan ID - R1D1346507
| 0.000
| 03-01-36
|
| 36,456
| 27,222
|
| Capital Asset Management, Loan ID - R1D1346637
| 0.000
| 07-01-27
|
| 6,109
| 4,562
|
| Capital Asset Management, Loan ID - R1D1346756
| 3.250
| 06-25-26
|
| 3,347
| 2,499
|
| Capital Asset Management, Loan ID - R1D1347209
| 4.875
| 05-28-31
|
| 89,201
| 66,606
|
| 31
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1347245
| 0.000
| 09-19-27
|
| 20,104
| $15,012
|
| Capital Asset Management, Loan ID - R1D1347265
| 0.000
| 09-01-47
|
| 109,838
| 82,016
|
| Capital Asset Management, Loan ID - R1D1347290
| 0.000
| 08-28-45
|
| 37,244
| 27,810
|
| Capital Asset Management, Loan ID - R1D1347456
| 5.000
| 06-12-36
|
| 174,716
| 130,460
|
| Capital Asset Management, Loan ID - R1D1347760
| 0.000
| 04-15-49
|
| 48,746
| 36,398
|
| Capital Asset Management, Loan ID - R1D1372678
| 14.726
| 11-15-24
|
| 11,977
| 8,943
|
| Capital Asset Management, Loan ID - R1D1372940 (G)
| 6.000
| 02-01-26
|
| 4,647
| 3,470
|
| Capital Asset Management, Loan ID - R1D1373109
| 14.300
| 01-01-35
|
| 13,399
| 10,005
|
| Capital Asset Management, Loan ID - R1D1373336 (G)
| 4.250
| 07-01-22
|
| 2,625
| 1,960
|
| Capital Asset Management, Loan ID - R1D1373352 (H)
| 10.720
| 12-01-28
|
| 12,446
| 9,293
|
| Capital Asset Management, Loan ID - R1D1373527 (H)
| 5.000
| 10-01-24
|
| 5,126
| 3,828
|
| Capital Asset Management, Loan ID - R1D1374601 (H)
| 9.996
| 06-01-28
|
| 10,350
| 7,728
|
| Capital Asset Management, Loan ID - R1D1374845
| 14.442
| 02-01-27
|
| 7,785
| 5,813
|
| Capital Asset Management, Loan ID - R1D1374951
| 4.000
| 04-26-32
|
| 10,723
| 8,007
|
| Capital Asset Management, Loan ID - R1D1375028
| 14.350
| 06-01-29
|
| 11,262
| 8,410
|
| Capital Asset Management, Loan ID - R1D1376601 (G)
| 5.250
| 08-01-21
|
| 4,363
| 3,258
|
| Capital Asset Management, Loan ID - R1D1377352
| 14.310
| 07-01-27
|
| 10,123
| 7,559
|
| Capital Asset Management, Loan ID - R1D1377633
| 8.556
| 01-01-29
|
| 6,280
| 4,689
|
| Capital Asset Management, Loan ID - R1D1377868 (I)
| 14.730
| 03-03-24
|
| 4,400
| 3,286
|
| Capital Asset Management, Loan ID - R1D1377871 (G)
| 14.600
| 10-01-21
|
| 6,750
| 5,040
|
| Capital Asset Management, Loan ID - R1D1377909 (G)
| 14.069
| 04-01-22
|
| 6,685
| 4,992
|
| Capital Asset Management, Loan ID - R1D1379215
| 10.692
| 04-01-32
|
| 12,174
| 9,090
|
| Capital Asset Management, Loan ID - R1D1379345 (H)
| 14.069
| 07-01-24
|
| 12,643
| 9,441
|
| Capital Asset Management, Loan ID - R1D1379406 (G)
| 5.750
| 09-01-25
|
| 8,277
| 6,180
|
| Capital Asset Management, Loan ID - R1D1379505 (G)
| 5.250
| 06-01-21
|
| 5,244
| 3,916
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 32
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1381089
| 14.290
| 01-01-27
|
| 7,590
| $5,668
|
| Capital Asset Management, Loan ID - R1D1382459 (G)
| 11.290
| 09-01-24
|
| 8,526
| 6,367
|
| Capital Asset Management, Loan ID - R1D1382688 (H)
| 10.480
| 10-01-28
|
| 5,135
| 3,834
|
| Capital Asset Management, Loan ID - R1D1383326
| 11.450
| 08-01-30
|
| 8,697
| 6,494
|
| Capital Asset Management, Loan ID - R1D1383898
| 13.000
| 03-01-28
|
| 7,862
| 5,871
|
| Capital Asset Management, Loan ID - R1D1383904 (G)
| 14.447
| 04-01-26
|
| 8,518
| 6,361
|
| Capital Asset Management, Loan ID - R1D1384406 (H)
| 14.148
| 07-01-23
|
| 9,112
| 6,804
|
| Capital Asset Management, Loan ID - R1D1384420 (G)
| 14.350
| 02-01-24
|
| 8,976
| 6,702
|
| Capital Asset Management, Loan ID - R1D1385696
| 13.400
| 11-01-40
|
| 8,482
| 6,334
|
| Capital Asset Management, Loan ID - R1D1385744
| 13.340
| 12-22-31
|
| 11,269
| 8,415
|
| Capital Asset Management, Loan ID - R1D1385799
| 11.100
| 09-01-31
|
| 17,597
| 13,139
|
| Capital Asset Management, Loan ID - R1D1386024 (H)
| 8.688
| 05-01-28
|
| 6,346
| 4,739
|
| Capital Asset Management, Loan ID - R1D1386273
| 9.960
| 11-01-28
|
| 8,028
| 5,994
|
| Capital Asset Management, Loan ID - R1D1386378 (H)
| 14.140
| 08-01-25
|
| 3,100
| 2,315
|
| Capital Asset Management, Loan ID - R1D1386617
| 14.140
| 05-15-29
|
| 8,993
| 6,715
|
| Capital Asset Management, Loan ID - R1D1386680 (H)
| 11.000
| 02-19-34
|
| 12,591
| 9,402
|
| Capital Asset Management, Loan ID - R1D1387438
| 12.996
| 04-01-27
|
| 6,548
| 4,889
|
| Capital Asset Management, Loan ID - R1D1387610 (H)
| 13.656
| 09-23-32
|
| 13,567
| 10,131
|
| Capital Asset Management, Loan ID - R1D1388178
| 12.000
| 06-01-25
|
| 4,872
| 3,638
|
| Capital Asset Management, Loan ID - R1D1388286
| 6.996
| 01-01-31
|
| 14,623
| 10,919
|
| Capital Asset Management, Loan ID - R1D1388781
| 14.660
| 12-20-35
|
| 13,649
| 10,192
|
| Capital Asset Management, Loan ID - R1D138888 (G)
| 3.000
| 05-01-57
|
| 25,694
| 19,186
|
| Capital Asset Management, Loan ID - R1D1388909 (G)
| 5.250
| 10-01-21
|
| 8,312
| 6,206
|
| Capital Asset Management, Loan ID - R1D1388910
| 7.000
| 01-01-29
|
| 9,115
| 6,806
|
| Capital Asset Management, Loan ID - R1D1389180
| 11.060
| 03-01-27
|
| 14,312
| 10,687
|
| 33
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1390047 (H)
| 14.347
| 05-05-25
|
| 6,465
| $4,827
|
| Capital Asset Management, Loan ID - R1D1390407 (G)
| 6.000
| 01-01-21
|
| 5,642
| 4,213
|
| Capital Asset Management, Loan ID - R1D1391149 (G)
| 14.280
| 03-01-20
|
| 848
| 633
|
| Capital Asset Management, Loan ID - R1D1391275
| 14.908
| 02-05-32
|
| 10,366
| 7,740
|
| Capital Asset Management, Loan ID - R1D1391842 (H)
| 13.970
| 06-28-35
|
| 14,995
| 11,196
|
| Capital Asset Management, Loan ID - R1D1392359
| 6.000
| 05-01-31
|
| 7,792
| 5,818
|
| Capital Asset Management, Loan ID - R1D1392485 (G)
| 8.304
| 02-01-22
|
| 8,524
| 6,365
|
| Capital Asset Management, Loan ID - R1D1392492
| 9.000
| 05-01-61
|
| 18,512
| 13,823
|
| Capital Asset Management, Loan ID - R1D1392795 (H)
| 5.000
| 11-01-21
|
| 5,716
| 4,268
|
| Capital Asset Management, Loan ID - R1D1392980 (G)
| 0.000
| 09-01-25
|
| 6,998
| 5,226
|
| Capital Asset Management, Loan ID - R1D1393130 (G)
| 4.000
| 02-01-29
|
| 7,389
| 5,517
|
| Capital Asset Management, Loan ID - R1D1394137
| 14.070
| 02-28-34
|
| 8,989
| 6,712
|
| Capital Asset Management, Loan ID - R1D1394267 (G)
| 4.500
| 10-01-22
|
| 6,293
| 4,699
|
| Capital Asset Management, Loan ID - R1D1394335
| 6.996
| 08-01-31
|
| 9,255
| 6,911
|
| Capital Asset Management, Loan ID - R1D1394531
| 11.890
| 05-01-28
|
| 10,732
| 8,013
|
| Capital Asset Management, Loan ID - R1D1395006
| 13.690
| 02-28-30
|
| 9,021
| 6,736
|
| Capital Asset Management, Loan ID - R1D1395284
| 14.840
| 04-01-37
|
| 6,873
| 5,132
|
| Capital Asset Management, Loan ID - R1D1395613 (H)
| 14.810
| 02-01-23
|
| 14,939
| 11,155
|
| Capital Asset Management, Loan ID - R1D1399385 (G)
| 5.250
| 10-22-21
|
| 2,114
| 1,578
|
| Capital Asset Management, Loan ID - R1D1400833
| 9.000
| 07-01-31
|
| 30,813
| 23,008
|
| Capital Asset Management, Loan ID - R1D1401070
| 5.000
| 06-01-25
|
| 49,996
| 37,332
|
| Capital Asset Management, Loan ID - R1D1401643
| 10.000
| 05-01-36
|
| 79,697
| 59,510
|
| Capital Asset Management, Loan ID - R1D1402424
| 11.000
| 10-01-31
|
| 13,627
| 10,176
|
| Capital Asset Management, Loan ID - R1D1402439
| 9.000
| 10-01-41
|
| 52,845
| 39,460
|
| Capital Asset Management, Loan ID - R1D1403559
| 0.000
| 04-29-30
|
| 4,861
| 3,630
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 34
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1404136
| 0.000
| 06-01-37
|
| 18,827
| $14,058
|
| Capital Asset Management, Loan ID - R1D1404279
| 0.000
| 11-17-37
|
| 26,825
| 20,030
|
| Capital Asset Management, Loan ID - R1D1404291
| 8.000
| 08-01-61
|
| 24,147
| 18,030
|
| Capital Asset Management, Loan ID - R1D1404613 (G)
| 10.000
| 04-01-25
|
| 13,964
| 10,427
|
| Capital Asset Management, Loan ID - R1D1405209
| 0.000
| 08-06-37
|
| 46,999
| 35,094
|
| Capital Asset Management, Loan ID - R1D1405315
| 0.000
| 11-01-36
|
| 10,693
| 7,984
|
| Capital Asset Management, Loan ID - R1D1405456
| 3.000
| 12-01-32
|
| 16,010
| 11,955
|
| Capital Asset Management, Loan ID - R1D1405485 (H)
| 8.000
| 02-01-32
|
| 35,587
| 26,573
|
| Capital Asset Management, Loan ID - R1D1406200 (G)
| 6.000
| 04-01-29
|
| 66,494
| 49,651
|
| Capital Asset Management, Loan ID - R1D1406329 (G)
| 7.000
| 04-01-35
|
| 71,413
| 53,324
|
| Capital Asset Management, Loan ID - R1D1407533
| 0.000
| 03-26-37
|
| 85,977
| 64,199
|
| Capital Asset Management, Loan ID - R1D1407869
| 0.000
| 08-30-28
|
| 2,934
| 2,191
|
| Capital Asset Management, Loan ID - R1D1408372
| 0.000
| 07-26-30
|
| 7,589
| 5,666
|
| Capital Asset Management, Loan ID - R1D1409498
| 9.000
| 12-01-39
|
| 58,615
| 43,768
|
| Capital Asset Management, Loan ID - R1D1409506
| 9.000
| 10-01-36
|
| 36,614
| 27,339
|
| Capital Asset Management, Loan ID - R1D1409607
| 7.000
| 09-01-26
|
| 6,728
| 5,024
|
| Capital Asset Management, Loan ID - R1D1410621 (H)
| 10.000
| 11-30-37
|
| 169,739
| 126,744
|
| Capital Asset Management, Loan ID - R1D1493873 (H)
| 6.750
| 08-20-29
|
| 96,719
| 72,220
|
| Capital Asset Management, Loan ID - R1D1493895
| 6.500
| 11-20-33
|
| 52,000
| 38,828
|
| Capital Asset Management, Loan ID - R1D1494672
| 5.000
| 01-01-40
|
| 20,671
| 15,435
|
| Capital Asset Management, Loan ID - R1D1495224
| 0.000
| 09-01-30
|
| 165,812
| 123,812
|
| Capital Asset Management, Loan ID - R1D1495602
| 0.000
| 10-08-29
|
| 574
| 429
|
| Capital Asset Management, Loan ID - R1D1500901 (H)
| 0.000
| 09-29-25
|
| 1,184
| 884
|
| Capital Asset Management, Loan ID - R1D1526783
| 6.750
| 03-01-32
|
| 27,450
| 20,497
|
| Capital Asset Management, Loan ID - R1D1538702
| 4.500
| 10-01-59
|
| 359,777
| 268,645
|
| 35
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1582022
| 3.125
| 05-01-30
|
| 28,967
| $21,630
|
| Capital Asset Management, Loan ID - R1D1582110
| 3.000
| 07-23-28
|
| 10,291
| 7,684
|
| Capital Asset Management, Loan ID - R1D1582190 (H)
| 2.000
| 06-01-28
|
| 11,976
| 8,942
|
| Capital Asset Management, Loan ID - R1D1582271 (G)
| 7.000
| 10-01-28
|
| 18,747
| 13,999
|
| Capital Asset Management, Loan ID - R1D1582336 (G)
| 14.500
| 09-26-28
|
| 5,421
| 4,048
|
| Capital Asset Management, Loan ID - R1D1582428
| 3.000
| 01-01-43
|
| 75,114
| 56,087
|
| Capital Asset Management, Loan ID - R1D1582473
| 13.250
| 11-26-28
|
| 7,430
| 5,548
|
| Capital Asset Management, Loan ID - R1D1582572
| 5.000
| 02-01-29
|
| 3,057
| 2,283
|
| Capital Asset Management, Loan ID - R1D1582688 (G)
| 6.750
| 02-01-30
|
| 15,939
| 11,901
|
| Capital Asset Management, Loan ID - R1D1582848 (G)
| 13.990
| 05-24-32
|
| 13,066
| 9,757
|
| Capital Asset Management, Loan ID - R1D1582910
| 14.000
| 07-19-29
|
| 13,577
| 10,138
|
| Capital Asset Management, Loan ID - R1D1583003
| 14.125
| 07-26-29
|
| 7,488
| 5,591
|
| Capital Asset Management, Loan ID - R1D1583072
| 12.400
| 08-18-29
|
| 35,432
| 26,457
|
| Capital Asset Management, Loan ID - R1D1583115
| 12.990
| 09-01-29
|
| 20,329
| 15,180
|
| Capital Asset Management, Loan ID - R1D1583160
| 14.500
| 10-01-29
|
| 13,080
| 9,767
|
| Capital Asset Management, Loan ID - R1D1583173
| 12.125
| 09-14-29
|
| 28,283
| 21,119
|
| Capital Asset Management, Loan ID - R1D1583207 (H)
| 5.000
| 10-01-31
|
| 28,047
| 20,943
|
| Capital Asset Management, Loan ID - R1D1583243
| 5.000
| 01-01-25
|
| 291
| 217
|
| Capital Asset Management, Loan ID - R1D1583276
| 4.000
| 04-01-31
|
| 22,203
| 16,579
|
| Capital Asset Management, Loan ID - R1D1583331 (H)
| 4.000
| 06-01-27
|
| 11,483
| 8,575
|
| Capital Asset Management, Loan ID - R1D1583357
| 6.500
| 06-01-28
|
| 9,831
| 7,341
|
| Capital Asset Management, Loan ID - R1D1583454
| 5.000
| 02-28-35
|
| 25,210
| 18,824
|
| Capital Asset Management, Loan ID - R1D1583654
| 5.000
| 05-01-35
|
| 18,908
| 14,119
|
| Capital Asset Management, Loan ID - R1D1583726
| 3.000
| 09-03-35
|
| 13,908
| 10,385
|
| Capital Asset Management, Loan ID - R1D1583836
| 11.750
| 06-27-30
|
| 23,268
| 17,374
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 36
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| Capital Asset Management, Loan ID - R1D1583852
| 5.000
| 05-01-36
|
| 25,391
| $18,960
|
| Capital Asset Management, Loan ID - R1D1583960
| 5.000
| 03-01-35
|
| 12,203
| 9,112
|
| Capital Asset Management, Loan ID - R1D1584039
| 13.350
| 08-04-25
|
| 3,617
| 2,701
|
| Capital Asset Management, Loan ID - R1D1584055
| 10.950
| 09-01-25
|
| 5,873
| 4,385
|
| Capital Asset Management, Loan ID - R1D1584390
| 6.000
| 12-01-30
|
| 5,153
| 3,847
|
| Capital Asset Management, Loan ID - R1D1584462 (G)
| 5.000
| 09-01-29
|
| 14,442
| 10,784
|
| Capital Asset Management, Loan ID - R1D1584480
| 5.875
| 06-01-25
|
| 3,668
| 2,739
|
| Capital Asset Management, Loan ID - R1D1584516
| 8.000
| 07-01-32
|
| 46,003
| 34,350
|
| Capital Asset Management, Loan ID - R1D1584642
| 13.700
| 05-20-30
|
| 6,517
| 4,867
|
| Capital Asset Management, Loan ID - R1D1584662
| 5.000
| 12-09-35
|
| 22,133
| 16,527
|
| Capital Asset Management, Loan ID - R1D1584697
| 4.875
| 02-01-36
|
| 24,446
| 18,254
|
| Capital Asset Management, Loan ID - R1D1584709 (G)
| 2.000
| 02-01-31
|
| 9,293
| 6,939
|
| Capital Asset Management, Loan ID - R1D1584745 (H)
| 4.000
| 12-01-36
|
| 23,415
| 17,484
|
| Capital Asset Management, Loan ID - R1D1584804
| 11.700
| 02-24-31
|
| 52,353
| 39,092
|
| Capital Asset Management, Loan ID - R1D1584828
| 12.375
| 04-01-31
|
| 18,385
| 13,728
|
| Capital Asset Management, Loan ID - R1D1584833
| 11.975
| 04-01-31
|
| 22,414
| 16,736
|
| Capital Asset Management, Loan ID - R1D1584860
| 12.250
| 04-01-31
|
| 18,665
| 13,937
|
| Capital Asset Management, Loan ID - R1D1584895
| 14.125
| 05-01-26
|
| 11,229
| 8,385
|
| Capital Asset Management, Loan ID - R1D1585078 (H)
| 12.250
| 04-01-24
|
| 3,891
| 2,906
|
| Capital Asset Management, Loan ID - R1D1585322
| 5.000
| 07-08-29
|
| 3,615
| 2,699
|
| Capital Asset Management, Loan ID - R1D1585429
| 5.000
| 08-06-29
|
| 10,116
| 7,554
|
| Capital Asset Management, Loan ID - R1D1585719
| 5.000
| 11-16-29
|
| 9,346
| 6,979
|
| PPR Capital Management, Loan ID - R1D51210010011
| 6.400
| 11-01-51
|
| 79,427
| 53,240
|
| PPR Capital Management, Loan ID - R1D51303030492 (G)
| 8.750
| 10-01-62
|
| 47,453
| 31,808
|
| PPR Capital Management, Loan ID - R1D51403030022 (G)
| 9.125
| 09-01-25
|
| 153,801
| 103,093
|
| 37
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| PPR Capital Management, Loan ID - R1D51403030038
| 7.000
| 08-01-46
|
| 130,865
| $87,719
|
| PPR Capital Management, Loan ID - R1D51403030279 (G)
| 5.100
| 10-01-36
|
| 59,382
| 39,804
|
| PPR Capital Management, Loan ID - R1D51403030352
| 9.150
| 11-01-35
|
| 50,144
| 33,611
|
| PPR Capital Management, Loan ID - R1D51403030422
| 9.250
| 11-01-49
|
| 57,736
| 38,700
|
| PPR Capital Management, Loan ID - R1D51403030461
| 9.500
| 03-01-49
|
| 65,429
| 43,857
|
| PPR Capital Management, Loan ID - R1D51403030510
| 8.500
| 06-21-46
|
| 50,890
| 34,112
|
| PPR Capital Management, Loan ID - R1D51403030942
| 9.900
| 02-04-27
|
| 9,720
| 6,516
|
| PPR Capital Management, Loan ID - R1D51403030948 (G)
| 9.900
| 05-22-38
|
| 23,064
| 15,460
|
| PPR Capital Management, Loan ID - R1D51403031082
| 7.000
| 05-01-36
|
| 11,845
| 7,940
|
| PPR Capital Management, Loan ID - R1D51502010013
| 8.350
| 11-01-42
|
| 9,377
| 6,285
|
| PPR Capital Management, Loan ID - R1D51506010018
| 5.000
| 02-01-26
|
| 2,150
| 1,441
|
| PPR Capital Management, Loan ID - R1D51506010033
| 5.000
| 09-14-31
|
| 4,797
| 3,216
|
| PPR Capital Management, Loan ID - R1D51506010146
| 7.250
| 12-01-46
|
| 69,086
| 46,308
|
| PPR Capital Management, Loan ID - R1D51506010151
| 9.000
| 06-07-48
|
| 64,332
| 43,122
|
| PPR Capital Management, Loan ID - R1D51506010441
| 5.125
| 07-01-46
|
| 28,896
| 19,369
|
| PPR Capital Management, Loan ID - R1D51506010444
| 9.500
| 01-01-52
|
| 51,819
| 34,734
|
| PPR Capital Management, Loan ID - R1D51506010469 (G)
| 9.750
| 09-01-36
|
| 23,928
| 16,039
|
| PPR Capital Management, Loan ID - R1D51506010495
| 5.000
| 12-01-48
|
| 41,788
| 28,011
|
| PPR Capital Management, Loan ID - R1D51506010543
| 4.750
| 02-20-33
|
| 12,708
| 8,518
|
| PPR Capital Management, Loan ID - R1D51506010577
| 3.000
| 05-20-33
|
| 7,450
| 4,994
|
| PPR Capital Management, Loan ID - R1D51506010671
| 9.750
| 08-01-31
|
| 12,489
| 8,371
|
| PPR Capital Management, Loan ID - R1D51506010697
| 9.125
| 08-20-36
|
| 45,700
| 30,633
|
| PPR Capital Management, Loan ID - R1D51506010718
| 5.500
| 05-20-49
|
| 63,229
| 42,383
|
| PPR Capital Management, Loan ID - R1D51506010756
| 4.800
| 09-01-25
|
| 899
| 603
|
| PPR Capital Management, Loan ID - R1D51506010853
| 5.000
| 07-01-34
|
| 29,438
| 19,732
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 38
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| PPR Capital Management, Loan ID - R1D51507010001
| 7.000
| 01-01-28
|
| 4,266
| $2,860
|
| PPR Capital Management, Loan ID - R1D51509020003
| 8.990
| 01-01-45
|
| 83,964
| 56,281
|
| PPR Capital Management, Loan ID - R1D51603030008
| 9.500
| 01-01-53
|
| 113,548
| 76,111
|
| PPR Capital Management, Loan ID - R1D51605010212
| 7.250
| 06-01-31
|
| 23,582
| 15,807
|
| PPR Capital Management, Loan ID - R1D51611010028
| 6.125
| 11-01-44
|
| 55,684
| 37,325
|
| PPR Capital Management, Loan ID - R1D51611010043 (G)
| 9.990
| 01-01-21
|
| 22,901
| 15,351
|
| PPR Capital Management, Loan ID - R1D51611010064
| 5.000
| 11-01-39
|
| 34,750
| 23,293
|
| PPR Capital Management, Loan ID - R1D51611010139
| 5.000
| 03-20-47
|
| 36,888
| 24,726
|
| PPR Capital Management, Loan ID - R1D51611010152
| 7.625
| 10-01-29
|
| 18,042
| 12,094
|
| PPR Capital Management, Loan ID - R1D51703010026
| 8.000
| 04-20-39
|
| 55,362
| 37,109
|
| PPR Capital Management, Loan ID - R1D51710010057
| 4.000
| 12-01-50
|
| 80,510
| 53,966
|
| PPR Capital Management, Loan ID - R1D51712010002
| 8.500
| 04-20-48
|
| 62,839
| 42,121
|
| PPR Capital Management, Loan ID - R1D51712010021
| 9.000
| 03-20-49
|
| 69,380
| 46,505
|
| PPR Capital Management, Loan ID - R1D51712010026 (G)
| 9.750
| 07-25-30
|
| 4,987
| 3,343
|
| PPR Capital Management, Loan ID - R1D51712010108
| 4.375
| 10-01-44
|
| 96,979
| 65,005
|
| PPR Capital Management, Loan ID - R1D51712010113
| 6.000
| 09-01-49
|
| 141,665
| 94,958
|
| PPR Capital Management, Loan ID - R1D51712020037
| 9.000
| 11-01-48
|
| 47,487
| 31,831
|
| PPR Capital Management, Loan ID - R1D51712020048
| 7.900
| 06-25-26
|
| 2,982
| 1,999
|
| PPR Capital Management, Loan ID - R1D51801010003
| 13.300
| 10-01-36
|
| 19,917
| 13,350
|
| PPR Capital Management, Loan ID - R1D51801010058
| 9.000
| 11-01-45
|
| 104,692
| 70,175
|
| PPR Capital Management, Loan ID - R1D51805030001
| 7.250
| 03-20-43
|
| 33,154
| 22,223
|
| PPR Capital Management, Loan ID - R1D51808020323
| 14.096
| 07-06-32
|
| 68,395
| 45,845
|
| PPR Capital Management, Loan ID - R1D51808020326
| 9.500
| 08-01-49
|
| 81,804
| 54,833
|
| PPR Capital Management, Loan ID - R1D51808020692
| 5.000
| 09-01-42
|
| 48,623
| 32,592
|
| PPR Capital Management, Loan ID - R1D51808040011
| 9.750
| 08-01-51
|
| 32,123
| 21,532
|
| 39
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| PPR Capital Management, Loan ID - R1D51808040019 (G)
| 13.980
| 01-13-20
|
| 194
| $130
|
| PPR Capital Management, Loan ID - R1D51808040029
| 9.000
| 06-01-41
|
| 18,689
| 12,527
|
| PPR Capital Management, Loan ID - R1D51810020005
| 8.000
| 11-01-51
|
| 97,008
| 65,024
|
| PPR Capital Management, Loan ID - R1D51812030089
| 4.000
| 08-01-47
|
| 71,563
| 47,969
|
| PPR Capital Management, Loan ID - R1D51812030096 (G)
| 13.500
| 07-01-36
|
| 26,579
| 17,816
|
| PPR Capital Management, Loan ID - R1D51812030151
| 9.500
| 08-01-53
|
| 200,997
| 134,728
|
| PPR Capital Management, Loan ID - R1D51812030180
| 7.000
| 02-01-50
|
| 118,629
| 79,517
|
| PPR Capital Management, Loan ID - R1D51903040001
| 5.000
| 05-01-42
|
| 40,378
| 27,065
|
| PPR Capital Management, Loan ID - R1D51903040003 (G)
| 5.000
| 01-01-30
|
| 16,909
| 11,334
|
| PPR Capital Management, Loan ID - R1D51903040025
| 12.400
| 09-01-36
|
| 101,985
| 68,360
|
| PPR Capital Management, Loan ID - R1D51903040048 (G)
| 7.000
| 02-01-51
|
| 28,802
| 19,306
|
| PPR Capital Management, Loan ID - R1D51903040069
| 4.000
| 08-01-50
|
| 78,064
| 52,326
|
| PPR Capital Management, Loan ID - R1D51903040178
| 8.370
| 03-01-38
|
| 116,137
| 77,847
|
| PPR Capital Management, Loan ID - R1D51903040179
| 7.990
| 03-01-37
|
| 127,984
| 85,788
|
| PPR Capital Management, Loan ID - R1D51903040190
| 6.000
| 12-01-50
|
| 49,838
| 33,406
|
| PPR Capital Management, Loan ID - R1D51903040192
| 11.625
| 02-01-37
|
| 78,887
| 52,878
|
| PPR Capital Management, Loan ID - R1D51903040208 (G)
| 8.990
| 02-01-22
|
| 82,258
| 55,137
|
| PPR Capital Management, Loan ID - R1D51903040273
| 4.000
| 04-01-49
|
| 49,218
| 32,991
|
| PPR Capital Management, Loan ID - R1D51903040338
| 9.000
| 12-01-36
|
| 49,192
| 32,974
|
| PPR Capital Management, Loan ID - R1D51904010040
| 6.250
| 09-01-51
|
| 123,654
| 82,885
|
| PPR Capital Management, Loan ID - R1D51904010072
| 9.500
| 02-01-53
|
| 81,188
| 54,421
|
| PPR Capital Management, Loan ID - R1D51906030006
| 6.000
| 01-15-49
|
| 125,268
| 83,967
|
| PPR Capital Management, Loan ID - R1D51906030013
| 6.000
| 03-30-49
|
| 55,815
| 37,413
|
| PPR Capital Management, Loan ID - R1D51906030026
| 7.000
| 05-15-49
|
| 76,976
| 51,597
|
| PPR Capital Management, Loan ID - R1D51906030034
| 6.000
| 12-01-48
|
| 215,594
| 144,512
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 40
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust (continued)
|
|
|
|
|
| PPR Capital Management, Loan ID - R1D51906030040
| 7.000
| 06-15-48
|
| 22,664
| $15,192
|
| PPR Capital Management, Loan ID - R1D51907250006
| 7.000
| 06-15-49
|
| 112,537
| 75,434
|
| PPR Capital Management, Loan ID - R1D51908280001
| 7.000
| 08-01-49
|
| 175,850
| 117,873
|
| PPR Capital Management, Loan ID - R1D51910280002
| 7.000
| 09-01-49
|
| 36,667
| 24,578
|
| PPR Capital Management, Loan ID - R1D51910280003
| 7.000
| 09-01-49
|
| 53,491
| 35,855
|
| PPR Capital Management, Loan ID - R1D52006170003
| 6.500
| 07-01-29
|
| 10,262
| 6,879
|
| PPR Capital Management, Loan ID - R1D52007020001 (G)
| 8.500
| 04-01-38
|
| 21,205
| 14,214
|
| PPR Capital Management, Loan ID - R1D52110130001 (G)
| 7.500
| 05-18-42
|
| 98,564
| 66,068
|
| JH Residential Whole Loan Trust II (E)(F) 5.9%
|
|
|
| 10,422,223
|
| Achieve, Loan ID - R21032974202
| 15.250
| 10-01-33
|
| 40,366
| 42,106
|
| Achieve, Loan ID - R21032974325
| 12.250
| 10-01-33
|
| 117,238
| 122,291
|
| Achieve, Loan ID - R21034883281
| 12.250
| 05-01-34
|
| 22,164
| 23,119
|
| Achieve, Loan ID - R21034888477
| 14.250
| 05-01-34
|
| 109,226
| 113,933
|
| Achieve, Loan ID - R21034893381
| 13.500
| 05-01-39
|
| 171
| 178
|
| Achieve, Loan ID - R21034910688
| 14.750
| 05-01-39
|
| 66,848
| 69,729
|
| Achieve, Loan ID - R21034913863
| 13.750
| 05-01-34
|
| 67,007
| 69,895
|
| Achieve, Loan ID - R2691451298
| 10.500
| 10-01-39
|
| 45,600
| 47,082
|
| Achieve, Loan ID - R2691468003
| 13.375
| 10-01-34
|
| 20,700
| 21,373
|
| Achieve, Loan ID - R2691468029
| 11.000
| 10-01-34
|
| 89,500
| 92,409
|
| Achieve, Loan ID - R2691468052
| 14.000
| 10-01-34
|
| 44,800
| 46,256
|
| Achieve, Loan ID - R2691468060
| 12.250
| 10-01-34
|
| 20,350
| 21,011
|
| Achieve, Loan ID - R2691468102
| 12.250
| 10-01-34
|
| 52,600
| 54,310
|
| Achieve, Loan ID - R2691468110
| 12.000
| 10-01-34
|
| 20,300
| 20,960
|
| Achieve, Loan ID - R2691468144
| 12.000
| 10-01-34
|
| 32,750
| 33,814
|
| Achieve, Loan ID - R2691468169
| 12.250
| 10-01-34
|
| 16,750
| 17,294
|
| Achieve, Loan ID - R2691468185
| 12.500
| 10-01-34
|
| 80,500
| 83,116
|
| Achieve, Loan ID - R2691468193
| 14.250
| 10-01-34
|
| 59,650
| 61,589
|
| Achieve, Loan ID - R2691468219
| 12.500
| 10-01-34
|
| 41,000
| 42,333
|
| Achieve, Loan ID - R2691468227
| 11.500
| 10-01-34
|
| 64,850
| 66,958
|
| Achieve, Loan ID - R2691468250
| 13.250
| 10-01-34
|
| 73,350
| 75,734
|
| Achieve, Loan ID - R2691468284
| 11.500
| 10-01-34
|
| 24,700
| 25,503
|
| Achieve, Loan ID - R2691468300
| 12.000
| 10-01-34
|
| 38,000
| 39,235
|
| Achieve, Loan ID - R2691468326
| 13.750
| 10-01-34
|
| 43,400
| 44,811
|
| Achieve, Loan ID - R2691468359
| 13.250
| 10-01-34
|
| 65,300
| 67,422
|
| Achieve, Loan ID - R2691468383
| 13.750
| 10-01-34
|
| 33,400
| 34,486
|
| Achieve, Loan ID - R2691468425
| 12.000
| 10-01-34
|
| 87,700
| 90,550
|
| Achieve, Loan ID - R2691468441
| 11.500
| 10-01-34
|
| 36,400
| 37,583
|
| 41
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust II (continued)
|
|
|
|
|
| Achieve, Loan ID - R2691468458
| 13.500
| 10-01-34
|
| 23,550
| $24,315
|
| Achieve, Loan ID - R2691468516
| 11.750
| 10-01-34
|
| 42,000
| 43,365
|
| Achieve, Loan ID - R2691468532
| 10.250
| 10-01-34
|
| 103,900
| 107,277
|
| Achieve, Loan ID - R2691468573
| 11.500
| 10-01-34
|
| 50,000
| 51,625
|
| Achieve, Loan ID - R2691468607
| 12.500
| 10-01-34
|
| 55,600
| 57,407
|
| Achieve, Loan ID - R2691468615
| 12.500
| 10-01-34
|
| 101,300
| 104,592
|
| Achieve, Loan ID - R2691468623
| 12.500
| 10-01-34
|
| 140,700
| 145,273
|
| Achieve, Loan ID - R2691468631
| 12.500
| 10-01-34
|
| 101,150
| 104,437
|
| Achieve, Loan ID - R2691468656
| 12.000
| 10-01-34
|
| 120,200
| 124,107
|
| Achieve, Loan ID - R2691468664
| 12.500
| 10-01-34
|
| 59,150
| 61,072
|
| Achieve, Loan ID - R2691468698
| 10.000
| 10-01-34
|
| 52,800
| 54,516
|
| Achieve, Loan ID - R2691468722
| 12.500
| 10-01-34
|
| 40,800
| 42,126
|
| Achieve, Loan ID - R2691468730
| 12.000
| 10-01-34
|
| 30,600
| 31,595
|
| Achieve, Loan ID - R2691468748
| 13.250
| 10-01-34
|
| 16,700
| 17,243
|
| Achieve, Loan ID - R2691468763
| 13.250
| 10-01-34
|
| 149,200
| 154,049
|
| Achieve, Loan ID - R2691468771
| 13.750
| 10-01-34
|
| 77,700
| 80,225
|
| Achieve, Loan ID - R2691468805
| 12.750
| 10-01-34
|
| 20,800
| 21,476
|
| Achieve, Loan ID - R2691468839
| 9.750
| 10-01-34
|
| 20,450
| 21,115
|
| Achieve, Loan ID - R2691468854
| 12.000
| 10-01-34
|
| 27,550
| 28,445
|
| Achieve, Loan ID - R2691468904
| 12.500
| 11-01-34
|
| 61,600
| 63,452
|
| Achieve, Loan ID - R2691468995
| 12.000
| 11-01-34
|
| 55,650
| 57,331
|
| Achieve, Loan ID - R2691469001
| 13.500
| 11-01-34
|
| 146,850
| 151,242
|
| Achieve, Loan ID - R2691469019
| 12.000
| 11-01-34
|
| 53,800
| 55,423
|
| Achieve, Loan ID - R2691469076
| 10.000
| 11-01-34
|
| 30,550
| 31,483
|
| Achieve, Loan ID - R2691469100
| 14.310
| 10-01-39
|
| 24,950
| 25,761
|
| Achieve, Loan ID - R2691469241
| 12.750
| 10-01-39
|
| 103,900
| 107,277
|
| Achieve, Loan ID - R2691469274
| 14.000
| 10-01-39
|
| 64,350
| 66,441
|
| Achieve, Loan ID - R2691469282
| 14.125
| 10-01-39
|
| 70,000
| 72,275
|
| Achieve, Loan ID - R2691469324
| 13.000
| 10-01-39
|
| 73,300
| 75,682
|
| Achieve, Loan ID - R2691469340
| 13.250
| 11-01-39
|
| 149,000
| 153,459
|
| Achieve, Loan ID - R2691469357
| 13.250
| 11-01-39
|
| 143,500
| 147,794
|
| Achieve, Loan ID - R2691469373
| 14.000
| 11-01-39
|
| 82,650
| 85,111
|
| Achieve, Loan ID - R2691491609
| 12.500
| 11-01-34
|
| 132,100
| 136,077
|
| Achieve, Loan ID - R2691491625
| 11.500
| 11-01-34
|
| 43,850
| 45,177
|
| Achieve, Loan ID - R2691491724
| 11.000
| 11-01-34
|
| 46,000
| 47,397
|
| Achieve, Loan ID - R2691491732
| 13.750
| 11-01-34
|
| 77,650
| 79,969
|
| Achieve, Loan ID - R2691491740
| 11.250
| 11-01-34
|
| 53,000
| 54,607
|
| Achieve, Loan ID - R2691491781
| 13.500
| 11-01-39
|
| 96,000
| 98,868
|
| Achieve, Loan ID - R2691491799
| 14.250
| 11-01-34
|
| 50,800
| 52,312
|
| Achieve, Loan ID - R2691491815
| 12.250
| 11-01-39
|
| 90,000
| 92,711
|
| Achieve, Loan ID - R2691491831
| 14.250
| 11-01-34
|
| 70,550
| 72,650
|
| Achieve, Loan ID - R2691491856
| 13.750
| 11-01-34
|
| 124,200
| 127,909
|
| Achieve, Loan ID - R2691491898
| 12.250
| 11-01-34
|
| 96,300
| 99,204
|
| Achieve, Loan ID - R2691491906
| 10.000
| 11-01-34
|
| 48,650
| 50,137
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 42
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust II (continued)
|
|
|
|
|
| Achieve, Loan ID - R2691491922
| 10.500
| 11-01-39
|
| 76,900
| $79,242
|
| Achieve, Loan ID - R2691510606
| 13.250
| 11-01-39
|
| 60,400
| 62,207
|
| Achieve, Loan ID - R2691510705
| 12.500
| 11-01-34
|
| 75,350
| 77,616
|
| Achieve, Loan ID - R2691510713
| 13.250
| 11-01-34
|
| 37,150
| 38,262
|
| Achieve, Loan ID - R2691510754
| 13.500
| 11-01-34
|
| 61,000
| 62,822
|
| Achieve, Loan ID - R2691510762
| 11.500
| 11-01-34
|
| 128,600
| 132,492
|
| Achieve, Loan ID - R2691510770
| 12.000
| 11-01-34
|
| 51,500
| 53,054
|
| Achieve, Loan ID - R2691510796
| 13.750
| 11-01-34
|
| 109,350
| 112,611
|
| Achieve, Loan ID - R2691510804
| 14.250
| 11-01-34
|
| 30,600
| 31,510
|
| Achieve, Loan ID - R2691510820
| 11.250
| 11-01-34
|
| 30,650
| 31,579
|
| Achieve, Loan ID - R2691510846
| 12.250
| 11-01-34
|
| 35,200
| 36,261
|
| Achieve, Loan ID - R2691510903
| 9.750
| 11-01-34
|
| 97,800
| 100,793
|
| Achieve, Loan ID - R2691510937
| 12.000
| 11-01-39
|
| 20,900
| 21,530
|
| Achieve, Loan ID - R2691510960
| 13.000
| 11-01-34
|
| 21,900
| 22,556
|
| Achieve, Loan ID - R2691510978
| 13.000
| 11-01-34
|
| 35,750
| 36,822
|
| Achieve, Loan ID - R2691511000
| 12.500
| 11-01-34
|
| 40,350
| 41,563
|
| Achieve, Loan ID - R2691511034
| 12.500
| 11-01-34
|
| 40,800
| 42,027
|
| Achieve, Loan ID - R2691511091
| 10.500
| 11-01-39
|
| 49,200
| 50,699
|
| Achieve, Loan ID - R2691511133
| 12.750
| 11-01-34
|
| 45,900
| 47,278
|
| Achieve, Loan ID - R2691511216
| 13.750
| 11-01-34
|
| 121,700
| 125,330
|
| Achieve, Loan ID - R2691511232
| 13.000
| 11-01-34
|
| 30,600
| 31,517
|
| Achieve, Loan ID - R2691511257
| 14.000
| 11-01-39
|
| 140,600
| 144,787
|
| Achieve, Loan ID - R2691511265
| 12.750
| 11-01-39
|
| 76,000
| 78,282
|
| Achieve, Loan ID - R2691511273
| 13.750
| 11-01-34
|
| 28,600
| 29,453
|
| Achieve, Loan ID - R2691511281
| 12.500
| 11-01-34
|
| 35,650
| 36,722
|
| Achieve, Loan ID - R2691511349
| 10.750
| 11-01-34
|
| 20,600
| 21,226
|
| Achieve, Loan ID - R2691511356
| 10.750
| 11-01-34
|
| 77,700
| 80,063
|
| Achieve, Loan ID - R2691511448
| 12.750
| 11-01-34
|
| 47,800
| 49,235
|
| Achieve, Loan ID - R2691511471
| 12.000
| 11-01-34
|
| 73,500
| 75,717
|
| Achieve, Loan ID - R2691511489
| 12.750
| 11-01-39
|
| 39,500
| 40,686
|
| Achieve, Loan ID - R2691511497
| 13.250
| 11-01-34
|
| 30,550
| 31,464
|
| Achieve, Loan ID - R2691511521
| 10.000
| 11-01-34
|
| 15,600
| 16,077
|
| Achieve, Loan ID - R2691511539
| 14.250
| 11-01-34
|
| 69,100
| 71,157
|
| Achieve, Loan ID - R2691511554
| 9.750
| 11-01-34
|
| 43,250
| 44,574
|
| Achieve, Loan ID - R2691511570
| 9.250
| 11-01-34
|
| 20,300
| 20,923
|
| Achieve, Loan ID - R2691511588
| 12.000
| 11-01-34
|
| 61,000
| 62,840
|
| Achieve, Loan ID - R2691511596
| 11.000
| 11-01-34
|
| 38,000
| 39,155
|
| Achieve, Loan ID - R2691511695
| 13.000
| 11-01-34
|
| 17,900
| 18,437
|
| Achieve, Loan ID - R2691511703
| 12.750
| 11-01-34
|
| 78,100
| 80,445
|
| Achieve, Loan ID - R2691511737
| 10.500
| 11-01-34
|
| 86,000
| 88,619
|
| Achieve, Loan ID - R2691511745
| 11.250
| 11-01-34
|
| 49,200
| 50,691
|
| Achieve, Loan ID - R2691511802
| 11.750
| 11-01-34
|
| 41,700
| 42,960
|
| Achieve, Loan ID - R2691511810
| 11.750
| 11-01-34
|
| 47,350
| 48,781
|
| Achieve, Loan ID - R2691511844
| 8.750
| 11-01-34
|
| 84,000
| 86,587
|
| 43
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust II (continued)
|
|
|
|
|
| Achieve, Loan ID - R2691511869
| 14.250
| 11-01-34
|
| 50,750
| $52,261
|
| Achieve, Loan ID - R2691511885
| 9.500
| 11-01-34
|
| 61,800
| 63,694
|
| Achieve, Loan ID - R2691511893
| 11.500
| 11-01-34
|
| 104,650
| 107,820
|
| Achieve, Loan ID - R2691511901
| 13.000
| 11-01-39
|
| 32,950
| 33,938
|
| Achieve, Loan ID - R2691629133
| 13.000
| 11-01-34
|
| 40,750
| 41,971
|
| Achieve, Loan ID - R2691629158
| 11.750
| 11-01-34
|
| 63,950
| 65,882
|
| Achieve, Loan ID - R2691629174
| 11.250
| 11-01-34
|
| 15,900
| 16,382
|
| Achieve, Loan ID - R2691629182
| 11.750
| 11-01-34
|
| 150,000
| 154,528
|
| Achieve, Loan ID - R2691629208
| 10.750
| 11-01-34
|
| 34,200
| 35,240
|
| Achieve, Loan ID - R2691629232
| 12.750
| 11-01-34
|
| 20,450
| 21,064
|
| Achieve, Loan ID - R2691629240
| 12.000
| 11-01-34
|
| 20,500
| 21,118
|
| Achieve, Loan ID - R2691629257
| 8.750
| 11-01-34
|
| 42,700
| 44,015
|
| Achieve, Loan ID - R2691629273
| 11.750
| 11-01-34
|
| 82,000
| 84,480
|
| Achieve, Loan ID - R2691629315
| 9.750
| 11-01-34
|
| 58,000
| 59,777
|
| Achieve, Loan ID - R2691629364
| 11.750
| 11-01-34
|
| 84,450
| 87,002
|
| Achieve, Loan ID - R2691629414
| 12.500
| 11-01-34
|
| 64,650
| 66,594
|
| Achieve, Loan ID - R2691629422
| 11.750
| 11-01-34
|
| 82,800
| 85,302
|
| Achieve, Loan ID - R2691629430
| 12.750
| 11-01-34
|
| 22,100
| 22,763
|
| Achieve, Loan ID - R2691629448
| 13.250
| 11-01-34
|
| 32,600
| 33,576
|
| Achieve, Loan ID - R2691629463
| 12.000
| 11-01-34
|
| 126,100
| 129,908
|
| Achieve, Loan ID - R2691629489
| 12.500
| 11-01-39
|
| 77,500
| 79,830
|
| Achieve, Loan ID - R2691629505
| 10.000
| 11-01-39
|
| 75,150
| 77,446
|
| Achieve, Loan ID - R2691644405
| 12.750
| 11-01-34
|
| 51,750
| 53,304
|
| Achieve, Loan ID - R2691644421
| 13.250
| 11-01-39
|
| 58,100
| 59,839
|
| Achieve, Loan ID - R2691644447
| 9.250
| 11-01-34
|
| 143,700
| 148,112
|
| Achieve, Loan ID - R2691644454
| 10.750
| 11-01-34
|
| 138,200
| 142,403
|
| Achieve, Loan ID - R2691644462
| 13.250
| 11-01-34
|
| 31,500
| 32,443
|
| Achieve, Loan ID - R2691644488
| 12.500
| 11-01-34
|
| 93,400
| 96,208
|
| Achieve, Loan ID - R2691644504
| 10.750
| 11-01-34
|
| 50,200
| 51,727
|
| Achieve, Loan ID - R2691644538
| 9.250
| 11-01-34
|
| 80,650
| 83,126
|
| Achieve, Loan ID - R2691644553
| 11.750
| 11-01-34
|
| 50,450
| 51,974
|
| Achieve, Loan ID - R2691644595
| 11.750
| 11-01-34
|
| 78,700
| 81,078
|
| Achieve, Loan ID - R2691644652
| 9.500
| 11-01-34
|
| 27,000
| 27,828
|
| Achieve, Loan ID - R2691644728
| 11.750
| 11-01-34
|
| 38,400
| 39,560
|
| Achieve, Loan ID - R2691644751
| 12.750
| 11-01-34
|
| 59,000
| 60,771
|
| Achieve, Loan ID - R2691644777
| 12.300
| 11-01-34
|
| 30,500
| 31,418
|
| Achieve, Loan ID - R2691644850
| 12.000
| 11-01-34
|
| 54,600
| 56,249
|
| Achieve, Loan ID - R2691644900
| 11.500
| 11-01-34
|
| 47,750
| 49,195
|
| Achieve, Loan ID - R2691644918
| 9.000
| 11-01-34
|
| 66,550
| 68,596
|
| Achieve, Loan ID - R2691644926
| 12.250
| 11-01-39
|
| 98,500
| 101,467
|
| Achieve, Loan ID - R2691644942
| 12.000
| 11-01-34
|
| 150,000
| 154,525
|
| Achieve, Loan ID - R2691644975
| 13.875
| 11-01-39
|
| 55,400
| 57,051
|
| Achieve, Loan ID - R2691645006
| 13.250
| 11-01-34
|
| 74,700
| 76,935
|
| Achieve, Loan ID - R2691645014
| 9.750
| 11-01-34
|
| 127,000
| 130,890
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 44
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Residential Whole Loan Trust II (continued)
|
|
|
|
|
| Achieve, Loan ID - R2691645048
| 8.750
| 11-01-34
|
| 62,200
| $64,116
|
| Achieve, Loan ID - R2691645055
| 10.750
| 11-01-34
|
| 32,100
| 33,076
|
| Residential whole loans 2.9%
|
|
|
|
| 5,018,303
|
| ACHM Trust
|
|
|
|
|
|
| Series 2023-HE2, Class D PO (A)
| 4.030
| 10-25-38
|
| 557,175
| 228,522
|
| Series 2023-HE2, Class XS IO (A)(F)(J)
| 0.000
| 10-25-38
|
| 6,190,825
| 227,822
|
| Series 2024-HE1, Class D PO (A)
| 5.847
| 05-25-39
|
| 742,515
| 77,442
|
| Series 2024-HE1, Class XS IO (A)(F)(J)
| 0.000
| 05-25-39
|
| 10,607,351
| 1,210,299
|
| Series 2024-HE2, Class D PO (A)
| 5.474
| 10-25-39
|
| 706,947
| 116,628
|
| Series 2024-HE2, Class XS IO (A)(J)
| 0.000
| 10-25-39
|
| 10,099,401
| 1,450,775
|
| FIGRE Trust
|
|
|
|
|
|
|
|
| Series 2024-HE5, Class CE PO (A)(F)(J)
| 0.000
| 10-25-54
|
| 490,029
| 1,706,815
|
| Term loans (K) 15.7%
|
|
|
|
| $27,543,381
|
| (Cost $27,494,046)
|
|
|
|
|
|
| Commercial real estate lending 15.7%
|
|
| 27,543,381
|
| Clairemont Drive LLC, Term Loan (1 month CME Term SOFR + 7.000%) (F)
| 12.276
| 03-11-26
|
| 4,000,797
| 3,966,390
|
| Genprov Holdco LLC, Term Loan (1 month CME Term SOFR + 4.900%) (F)
| 10.525
| 08-11-26
|
| 4,858,344
| 4,853,000
|
| MCR Newark Airport LLC, Term Loan (1 month CME Term SOFR + 6.250%) (F)
| 11.577
| 04-11-27
|
| 4,582,624
| 4,567,501
|
| Stevens Creek Boulevard, Term Loan (1 month CME Term SOFR + 5.800%) (F)
| 11.326
| 07-11-26
|
| 4,438,765
| 4,425,892
|
| Verena at Gilbert, Delayed Draw Term Loan (1 month CME Term SOFR + 5.000%) (F)
| 10.327
| 01-11-27
|
| 4,664,668
| 4,611,491
|
|
|
| Verena at Hillard, Term Loan (1 month CME Term SOFR + 5.350%) (F)
| 10.677
| 04-11-27
|
| 5,159,870
| 5,119,107
|
| Profit participating notes 13.9%
|
|
|
|
| $24,415,734
|
| (Cost $23,493,095)
|
|
|
|
|
|
| Corporate asset-based credit 1.7%
|
|
| 2,995,663
|
| Tilapia Finance Designated Activity Company (3 month EURIBOR + 6.900%) (C)(F)(L)
| 9.962
| TBA
| EUR
| 2,754,000
| 2,995,663
|
| 45
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| Transportation assets 12.2%
|
|
| $21,420,071
|
| JH Aircraft Leasing 4535 (Ireland) Designated Activity Company (F)(M)(N)
| —
| 04-26-44
|
| 20,897,863
| 21,420,071
|
|
|
|
|
|
|
| Shares
| Value
|
| Special purpose vehicles 12.4%
|
| $21,863,018
|
| (Cost $20,845,732)
|
|
|
|
|
|
| Industrials 7.7%
|
|
|
|
| 13,536,244
|
| JH Liftco LLC (F)(N)(O)
|
|
|
| 6,845,000
| 6,143,962
|
| JH Finance LeaseCo LLC (F)(N)(O)
|
|
|
| 7,332,249
| 7,392,282
|
| Transportation assets 4.7%
|
|
|
|
| 8,326,774
|
| MSN 803 Trust (F)(N)(O)
|
|
|
| 7,882,217
| 8,326,774
|
|
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| Consumer-related assets 5.0%
|
|
|
|
| $8,816,475
|
| (Cost $9,483,399)
|
|
|
|
|
|
| Consumer loans 5.0%
|
|
|
|
| 8,816,475
|
| ACHV ABS Trust
|
|
|
|
|
|
| Series 2023-3PL, Class R (A)(F)(J)
| —
| 08-19-30
|
| 2,637
| 379,081
|
| Avant Loans Funding Trust
|
|
|
|
|
|
| Series 2022-REV1, Class E (A)
| 12.980
| 09-15-31
|
| 3,000,000
| 3,054,872
|
| Credit Suisse ABS Repackaging Trust
|
|
|
|
|
|
| Series 2013-A, Class R1 (A)(F)(J)
| —
| 04-25-43
|
| 5,000
| 2,335,022
|
| Santander Drive Auto Receivables Trust
|
|
|
|
|
|
|
|
| Series 2023-S1, Class CERT (A)(F)(J)
| —
| 04-18-28
|
| 11,500
| 3,047,500
|
| Consumer loans 5.0%
|
|
|
|
| $8,694,707
|
| (Cost $9,008,854)
|
|
|
|
|
|
| JH Consumer Loan Trust (E)(F) 5.0%
|
|
|
| 8,694,707
|
| Achieve, Loan ID - C13198977
| 15.490
| 12-30-26
|
| 10,641
| 10,181
|
| Achieve, Loan ID - C18648251
| 20.990
| 12-14-26
|
| 19,289
| 18,456
|
| Achieve, Loan ID - C21301780
| 17.740
| 12-15-27
|
| 29,916
| 28,624
|
| Achieve, Loan ID - C22491604
| 5.990
| 12-07-24
|
| 1,410
| 1,349
|
| Achieve, Loan ID - C22902472
| 16.740
| 12-10-26
|
| 27,092
| 25,921
|
| Achieve, Loan ID - C23042033
| 20.240
| 01-27-28
|
| 14,359
| 13,738
|
| Achieve, Loan ID - C23253984
| 14.990
| 01-15-26
|
| 16,527
| 15,813
|
| Achieve, Loan ID - C23300084
| 16.490
| 01-25-27
|
| 13,596
| 13,008
|
| Achieve, Loan ID - C23301086
| 21.740
| 02-13-28
|
| 18,635
| 17,830
|
| Achieve, Loan ID - C23500788
| 8.490
| 01-15-28
|
| 9,543
| 9,130
|
| Achieve, Loan ID - C23511393
| 25.490
| 01-20-26
|
| 2,900
| 2,775
|
| Achieve, Loan ID - C23614815
| 5.990
| 01-27-25
|
| 1,570
| 1,503
|
| Achieve, Loan ID - C23688425
| 25.990
| 01-21-27
|
| 7,392
| 7,073
|
| Achieve, Loan ID - C23885575
| 13.740
| 01-24-27
|
| 15,852
| 15,167
|
| Achieve, Loan ID - C23902626
| 23.990
| 01-23-28
|
| 19,820
| 18,963
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 46
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Achieve, Loan ID - C23957226
| 22.240
| 12-11-25
|
| 19,887
| $19,028
|
| Achieve, Loan ID - C23964782
| 26.990
| 12-10-27
|
| 35,307
| 33,782
|
| Achieve, Loan ID - C23965795
| 20.990
| 12-09-24
|
| 3,991
| 3,819
|
| Achieve, Loan ID - C23966505
| 26.990
| 02-25-28
|
| 17,662
| 16,899
|
| Achieve, Loan ID - C23983604
| 17.240
| 01-23-25
|
| 3,788
| 3,625
|
| Achieve, Loan ID - C23985013
| 26.990
| 02-28-28
|
| 9,276
| 8,875
|
| Achieve, Loan ID - C23988868
| 21.740
| 12-10-27
|
| 17,552
| 16,794
|
| Achieve, Loan ID - C23992646
| 26.990
| 01-15-28
|
| 9,540
| 9,128
|
| Achieve, Loan ID - C23992707
| 21.990
| 12-04-27
|
| 37,792
| 36,160
|
| Achieve, Loan ID - C23993503
| 18.740
| 12-13-27
|
| 25,220
| 24,130
|
| Achieve, Loan ID - C23993537
| 22.990
| 12-16-26
|
| 26,539
| 25,392
|
| Achieve, Loan ID - C23993575 (H)
| 19.990
| 12-02-26
|
| 16,832
| 16,105
|
| Achieve, Loan ID - C24002565
| 26.990
| 12-10-27
|
| 8,303
| 7,944
|
| Achieve, Loan ID - C24003540
| 23.990
| 01-25-26
|
| 8,935
| 8,549
|
| Achieve, Loan ID - C24016122
| 24.490
| 01-23-26
|
| 11,928
| 11,413
|
| Achieve, Loan ID - C24095448
| 26.990
| 02-25-28
|
| 16,474
| 15,762
|
| Achieve, Loan ID - C24100561
| 26.740
| 12-14-27
|
| 13,736
| 13,142
|
| Achieve, Loan ID - C24111885
| 25.990
| 02-25-28
|
| 27,278
| 26,100
|
| Achieve, Loan ID - C24117426
| 25.490
| 01-26-26
|
| 18,863
| 18,048
|
| Achieve, Loan ID - C24118254
| 16.240
| 01-25-28
|
| 37,220
| 35,612
|
| Achieve, Loan ID - C24119783
| 26.740
| 01-20-28
|
| 14,935
| 14,290
|
| Achieve, Loan ID - C24122905 (H)
| 16.240
| 01-30-26
|
| 17,439
| 16,686
|
| Achieve, Loan ID - C24152557
| 24.990
| 02-27-28
|
| 24,908
| 23,832
|
| Achieve, Loan ID - C24160824
| 21.490
| 01-26-28
|
| 11,610
| 11,109
|
| Achieve, Loan ID - C24166360
| 26.990
| 02-27-28
|
| 7,280
| 6,965
|
| Achieve, Loan ID - C24173305
| 21.490
| 01-15-27
|
| 7,091
| 6,785
|
| Achieve, Loan ID - C24178392
| 14.240
| 01-26-28
|
| 20,549
| 19,661
|
| Achieve, Loan ID - C24219111
| 13.740
| 12-14-26
|
| 31,691
| 30,321
|
| Achieve, Loan ID - C24222725
| 20.990
| 12-16-26
|
| 3,501
| 3,349
|
| Achieve, Loan ID - C24223658
| 8.740
| 12-14-25
|
| 17,928
| 17,153
|
| Achieve, Loan ID - C24226452
| 18.740
| 01-29-27
|
| 9,603
| 9,188
|
| Achieve, Loan ID - C24228404
| 19.740
| 01-27-27
|
| 20,708
| 19,813
|
| Achieve, Loan ID - C24234040
| 15.490
| 01-27-28
|
| 15,556
| 14,884
|
| Achieve, Loan ID - C24238978
| 8.740
| 02-24-26
|
| 15,802
| 15,120
|
| Achieve, Loan ID - C24240396 (H)
| 18.990
| 01-20-25
|
| 6,774
| 6,481
|
| Achieve, Loan ID - C24250851
| 9.240
| 01-20-26
|
| 11,519
| 11,022
|
| Achieve, Loan ID - C24253181
| 24.990
| 12-15-25
|
| 3,312
| 3,169
|
| Achieve, Loan ID - C24253285
| 15.490
| 01-27-27
|
| 30,331
| 29,020
|
| Achieve, Loan ID - C24273844
| 5.990
| 12-30-24
|
| 926
| 886
|
| Achieve, Loan ID - C24281913
| 26.990
| 02-29-28
|
| 31,193
| 29,846
|
| Achieve, Loan ID - C24284884
| 26.240
| 01-20-28
|
| 11,837
| 11,325
|
| Achieve, Loan ID - C24286861
| 9.240
| 12-16-25
|
| 11,265
| 10,778
|
| Achieve, Loan ID - C24304679 (H)
| 22.240
| 01-29-28
|
| 7,116
| 6,809
|
| Achieve, Loan ID - C24305742
| 25.240
| 12-16-26
|
| 19,527
| 18,684
|
| 47
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Achieve, Loan ID - C24322154
| 25.490
| 12-16-25
|
| 5,554
| $5,314
|
| Achieve, Loan ID - C24328234
| 24.240
| 01-29-28
|
| 31,541
| 30,178
|
| Achieve, Loan ID - C24332351
| 26.490
| 01-29-27
|
| 41,066
| 39,292
|
| Achieve, Loan ID - C24337568
| 17.990
| 01-30-26
|
| 13,168
| 12,599
|
| Achieve, Loan ID - C24347890
| 26.490
| 12-16-26
|
| 9,644
| 9,228
|
| Achieve, Loan ID - C24349300
| 26.990
| 02-29-28
|
| 10,769
| 10,304
|
| Achieve, Loan ID - C24361791
| 25.740
| 02-29-28
|
| 31,896
| 30,518
|
| Achieve, Loan ID - C24363366
| 24.990
| 01-29-28
|
| 15,894
| 15,207
|
| Achieve, Loan ID - C24389875
| 5.990
| 02-06-25
|
| 1,325
| 1,268
|
| Achieve, Loan ID - C24390487
| 5.990
| 02-03-25
|
| 1,616
| 1,546
|
| Achieve, Loan ID - C24616115 (H)
| 25.490
| 01-30-26
|
| 2,717
| 2,600
|
| Achieve, Loan ID - C24702290
| 25.490
| 12-24-27
|
| 7,028
| 6,724
|
| Achieve, Loan ID - C24708215
| 17.740
| 02-03-27
|
| 14,277
| 13,660
|
| Achieve, Loan ID - C24737748
| 16.240
| 12-28-26
|
| 16,448
| 15,738
|
| Achieve, Loan ID - C24770901
| 18.990
| 12-25-26
|
| 16,615
| 15,897
|
| Achieve, Loan ID - C24783767
| 26.990
| 03-09-28
|
| 9,880
| 9,453
|
| Achieve, Loan ID - C24785164
| 20.740
| 12-25-27
|
| 13,560
| 12,974
|
| Achieve, Loan ID - C24786979
| 26.990
| 03-09-28
|
| 26,076
| 24,950
|
| Achieve, Loan ID - C24808124
| 23.490
| 02-13-28
|
| 19,205
| 18,376
|
| Achieve, Loan ID - C24808507
| 18.990
| 02-02-26
|
| 15,966
| 15,276
|
| Achieve, Loan ID - C24808865
| 26.990
| 12-28-27
|
| 2,506
| 2,398
|
| Achieve, Loan ID - C24814257
| 26.990
| 03-10-28
|
| 4,443
| 4,251
|
| Achieve, Loan ID - C24838632
| 26.990
| 03-11-28
|
| 15,108
| 14,455
|
| Achieve, Loan ID - C24842245
| 9.240
| 12-26-27
|
| 9,056
| 8,665
|
| Achieve, Loan ID - C24891649
| 23.490
| 02-01-27
|
| 36,339
| 34,769
|
| Achieve, Loan ID - C24929161
| 25.740
| 03-12-28
|
| 16,309
| 15,604
|
| Achieve, Loan ID - C24931645
| 21.240
| 12-30-27
|
| 7,985
| 7,641
|
| Achieve, Loan ID - C24938747
| 15.990
| 02-13-26
|
| 3,360
| 3,215
|
| Achieve, Loan ID - C24941009
| 20.240
| 02-13-27
|
| 9,054
| 8,663
|
| Achieve, Loan ID - C24941466
| 26.490
| 12-30-26
|
| 3,836
| 3,670
|
| Achieve, Loan ID - C31320542
| 19.990
| 06-16-28
|
| 35,628
| 34,089
|
| Achieve, Loan ID - C31322342
| 26.990
| 06-14-28
|
| 10,364
| 9,916
|
| Achieve, Loan ID - C31323216 (H)
| 5.990
| 04-30-25
|
| 4,286
| 4,101
|
| Achieve, Loan ID - C31335950
| 5.990
| 06-27-25
|
| 4,187
| 4,006
|
| Achieve, Loan ID - C31336469
| 18.990
| 06-19-27
|
| 17,989
| 17,212
|
| Achieve, Loan ID - C31339468
| 15.740
| 05-01-27
|
| 11,529
| 11,031
|
| Achieve, Loan ID - C31346016
| 18.740
| 06-28-27
|
| 12,397
| 11,862
|
| Achieve, Loan ID - C31351535
| 22.990
| 06-25-27
|
| 36,981
| 35,384
|
| Achieve, Loan ID - C31355554
| 24.740
| 06-16-28
|
| 9,167
| 8,771
|
| Achieve, Loan ID - C31358659
| 20.740
| 06-12-28
|
| 8,706
| 8,330
|
| Achieve, Loan ID - C31359319
| 21.740
| 06-12-28
|
| 8,746
| 8,368
|
| Achieve, Loan ID - C31361837
| 16.240
| 06-21-27
|
| 16,998
| 16,263
|
| Achieve, Loan ID - C31363408
| 26.990
| 06-15-28
|
| 27,141
| 25,969
|
| Achieve, Loan ID - C31364411 (H)
| 17.740
| 06-30-27
|
| 37,177
| 35,571
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 48
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Achieve, Loan ID - C31368567
| 16.990
| 06-20-28
|
| 40,622
| $38,867
|
| Achieve, Loan ID - C31369376
| 19.240
| 06-13-28
|
| 6,708
| 6,419
|
| Achieve, Loan ID - C31370479
| 16.490
| 06-22-26
|
| 27,938
| 26,731
|
| Achieve, Loan ID - C31371254
| 21.740
| 06-16-28
|
| 12,449
| 11,911
|
| Achieve, Loan ID - C31375823
| 24.240
| 06-18-27
|
| 13,850
| 13,252
|
| Achieve, Loan ID - C31376581
| 18.990
| 06-23-28
|
| 10,174
| 9,735
|
| Achieve, Loan ID - C31384566
| 26.990
| 07-26-28
|
| 20,880
| 19,978
|
| Achieve, Loan ID - C31386911
| 21.990
| 06-16-28
|
| 30,762
| 29,433
|
| Achieve, Loan ID - C31388466
| 20.490
| 06-13-28
|
| 12,339
| 11,806
|
| Achieve, Loan ID - C31388907
| 20.740
| 06-16-27
|
| 28,287
| 27,065
|
| Achieve, Loan ID - C31389230 (H)
| 26.990
| 06-16-28
|
| 9,644
| 9,227
|
| Achieve, Loan ID - C31389516
| 20.740
| 06-13-28
|
| 25,387
| 24,291
|
| Achieve, Loan ID - C31389544
| 18.240
| 06-15-26
|
| 25,494
| 24,392
|
| Achieve, Loan ID - C31390638
| 19.990
| 06-16-28
|
| 32,913
| 31,491
|
| Achieve, Loan ID - C31390921
| 22.490
| 06-13-27
|
| 3,793
| 3,629
|
| Achieve, Loan ID - C31391121
| 18.740
| 06-13-27
|
| 20,565
| 19,676
|
| Achieve, Loan ID - C31391521
| 26.990
| 06-14-28
|
| 7,733
| 7,399
|
| Achieve, Loan ID - C31391565
| 21.990
| 06-21-28
|
| 18,528
| 17,727
|
| Achieve, Loan ID - C31392604
| 26.990
| 06-13-28
|
| 8,461
| 8,096
|
| Achieve, Loan ID - C31393020
| 26.990
| 07-27-28
|
| 5,988
| 5,729
|
| Achieve, Loan ID - C31393496
| 22.740
| 05-09-27
|
| 2,897
| 2,772
|
| Achieve, Loan ID - C31393575
| 20.240
| 06-27-25
|
| 13,476
| 12,893
|
| Achieve, Loan ID - C31394502
| 5.990
| 05-10-25
|
| 3,820
| 3,655
|
| Achieve, Loan ID - C31394748
| 23.990
| 06-29-27
|
| 9,088
| 8,696
|
| Achieve, Loan ID - C31395045
| 22.990
| 05-01-28
|
| 10,824
| 10,357
|
| Achieve, Loan ID - C31395596
| 18.740
| 06-29-25
|
| 8,354
| 7,993
|
| Achieve, Loan ID - C31395796
| 24.240
| 07-30-28
|
| 14,492
| 13,866
|
| Achieve, Loan ID - C31396148
| 21.740
| 06-30-28
|
| 18,480
| 17,682
|
| Achieve, Loan ID - C31396302
| 26.990
| 07-26-28
|
| 9,971
| 9,540
|
| Achieve, Loan ID - C31396322
| 25.240
| 07-27-28
|
| 15,281
| 14,621
|
| Achieve, Loan ID - C31396534
| 26.990
| 07-29-28
|
| 12,996
| 12,435
|
| Achieve, Loan ID - C31396627 (H)
| 22.240
| 06-16-27
|
| 11,103
| 10,623
|
| Achieve, Loan ID - C31396913
| 20.740
| 06-16-28
|
| 25,599
| 24,493
|
| Achieve, Loan ID - C31397404 (H)
| 20.740
| 06-24-26
|
| 35,057
| 33,543
|
| Achieve, Loan ID - C31398640
| 18.240
| 06-27-28
|
| 40,893
| 39,126
|
| Achieve, Loan ID - C31399171
| 22.990
| 06-29-28
|
| 26,838
| 25,678
|
| Achieve, Loan ID - C31399327
| 17.990
| 07-01-27
|
| 39,092
| 37,403
|
| Achieve, Loan ID - C31402076
| 24.240
| 06-27-26
|
| 16,433
| 15,724
|
| Achieve, Loan ID - C31403150
| 5.990
| 06-13-25
|
| 5,178
| 4,954
|
| Achieve, Loan ID - C31404074
| 14.740
| 06-25-27
|
| 11,658
| 11,155
|
| Achieve, Loan ID - C31405619
| 23.740
| 06-16-28
|
| 8,373
| 8,011
|
| Achieve, Loan ID - C31407785
| 19.990
| 06-25-26
|
| 12,664
| 12,117
|
| Achieve, Loan ID - C31413266 (H)
| 19.740
| 06-14-26
|
| 10,854
| 10,385
|
| Achieve, Loan ID - C31416188
| 26.990
| 06-20-28
|
| 17,578
| 16,819
|
| 49
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Achieve, Loan ID - C31420248
| 18.740
| 06-25-26
|
| 7,784
| $7,447
|
| Achieve, Loan ID - C31421074
| 22.740
| 06-23-27
|
| 17,282
| 16,535
|
| Achieve, Loan ID - C31424651
| 26.990
| 06-14-28
|
| 8,471
| 8,105
|
| Achieve, Loan ID - C31426877 (H)
| 23.490
| 06-27-28
|
| 37,759
| 36,127
|
| Achieve, Loan ID - C31428410 (H)
| 26.990
| 07-28-28
|
| 15,846
| 15,161
|
| Achieve, Loan ID - C31433338
| 16.490
| 06-16-26
|
| 28,244
| 27,024
|
| Achieve, Loan ID - C31435684
| 26.990
| 07-28-28
|
| 29,096
| 27,839
|
| Achieve, Loan ID - C31439606
| 18.990
| 06-16-27
|
| 15,842
| 15,158
|
| Achieve, Loan ID - C31440568
| 19.990
| 06-15-28
|
| 15,310
| 14,649
|
| Achieve, Loan ID - C31446756
| 18.990
| 06-29-27
|
| 11,338
| 10,849
|
| Achieve, Loan ID - C31454028
| 22.990
| 06-29-28
|
| 28,493
| 27,262
|
| Achieve, Loan ID - C32811890
| 18.740
| 11-21-27
|
| 36,332
| 34,763
|
| Achieve, Loan ID - C34505079
| 18.990
| 11-20-28
|
| 17,705
| 16,940
|
| Achieve, Loan ID - C34505570
| 17.240
| 11-17-26
|
| 9,046
| 8,655
|
| Achieve, Loan ID - C34651006
| 25.240
| 10-06-27
|
| 8,591
| 8,220
|
| Achieve, Loan ID - C34722397
| 13.990
| 11-20-27
|
| 11,089
| 10,610
|
| Achieve, Loan ID - C34739349
| 25.990
| 12-19-28
|
| 6,024
| 5,764
|
| Achieve, Loan ID - C34763286
| 14.490
| 11-20-26
|
| 15,995
| 15,304
|
| Achieve, Loan ID - C34778675
| 19.990
| 10-06-27
|
| 16,985
| 16,251
|
| Achieve, Loan ID - C34779142
| 19.740
| 11-08-25
|
| 7,102
| 6,795
|
| Achieve, Loan ID - C34779309
| 21.240
| 11-21-27
|
| 13,036
| 12,473
|
| Achieve, Loan ID - C34779394
| 5.990
| 11-10-25
|
| 5,613
| 5,371
|
| Achieve, Loan ID - C34779602
| 20.240
| 11-21-28
|
| 20,673
| 19,780
|
| Achieve, Loan ID - C34780174
| 21.990
| 11-19-25
|
| 6,957
| 6,657
|
| Achieve, Loan ID - C34780323
| 5.990
| 10-01-25
|
| 5,571
| 5,331
|
| Achieve, Loan ID - C34822398
| 21.240
| 11-17-27
|
| 12,757
| 12,206
|
| Achieve, Loan ID - C34859657
| 25.990
| 11-18-28
|
| 21,304
| 20,383
|
| Achieve, Loan ID - C34868243
| 24.490
| 12-20-28
|
| 21,013
| 20,105
|
| Achieve, Loan ID - C34873664
| 25.990
| 12-20-28
|
| 18,860
| 18,046
|
| Achieve, Loan ID - C34887555
| 14.990
| 10-06-28
|
| 3,683
| 3,524
|
| Achieve, Loan ID - C34895842
| 14.240
| 10-06-26
|
| 10,767
| 10,302
|
| Achieve, Loan ID - C34902889
| 25.990
| 12-20-28
|
| 19,892
| 19,032
|
| Achieve, Loan ID - C34903520
| 25.990
| 11-07-28
|
| 14,977
| 14,330
|
| Achieve, Loan ID - C34903753
| 13.990
| 11-10-28
|
| 34,649
| 33,152
|
| Achieve, Loan ID - C34905741
| 25.990
| 12-19-28
|
| 13,793
| 13,197
|
| Achieve, Loan ID - C34910473
| 24.240
| 11-20-26
|
| 23,269
| 22,264
|
| Achieve, Loan ID - C34912116
| 14.740
| 11-07-28
|
| 10,337
| 9,891
|
| Achieve, Loan ID - C34914614
| 21.740
| 11-20-27
|
| 20,359
| 19,479
|
| Achieve, Loan ID - C34915281
| 21.740
| 11-21-28
|
| 20,204
| 19,331
|
| Achieve, Loan ID - C34917068
| 20.240
| 11-15-27
|
| 37,803
| 36,170
|
| Achieve, Loan ID - C34917496
| 5.990
| 11-21-25
|
| 4,559
| 4,362
|
| Achieve, Loan ID - C34918363
| 5.990
| 11-15-25
|
| 3,529
| 3,376
|
| Achieve, Loan ID - C34921910
| 5.990
| 11-07-25
|
| 5,561
| 5,321
|
| Achieve, Loan ID - C34924262
| 24.490
| 11-10-27
|
| 13,691
| 13,100
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 50
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Achieve, Loan ID - C34925650
| 21.240
| 11-21-28
|
| 17,887
| $17,114
|
| Achieve, Loan ID - C34926483
| 25.990
| 08-25-28
|
| 14,057
| 13,450
|
| Arivo, Loan ID - C1378970
| 18.980
| 05-22-29
|
| 32,968
| 33,235
|
| Arivo, Loan ID - C1380541
| 21.950
| 05-22-29
|
| 40,137
| 40,462
|
| Arivo, Loan ID - C1381078
| 21.260
| 05-27-29
|
| 21,789
| 21,965
|
| Arivo, Loan ID - C1381533
| 18.000
| 05-13-29
|
| 19,943
| 20,105
|
| Arivo, Loan ID - C1381892
| 20.000
| 11-17-27
|
| 9,730
| 9,809
|
| Arivo, Loan ID - C1381923
| 20.150
| 05-23-29
|
| 20,092
| 20,254
|
| Arivo, Loan ID - C1382501
| 20.570
| 04-30-29
|
| 17,094
| 17,232
|
| Arivo, Loan ID - C1383648
| 22.830
| 11-12-27
|
| 19,670
| 19,829
|
| Arivo, Loan ID - C1384070
| 18.340
| 05-23-29
|
| 17,103
| 17,242
|
| Arivo, Loan ID - C1384317
| 20.550
| 05-18-29
|
| 23,419
| 23,608
|
| Arivo, Loan ID - C1384388
| 22.310
| 06-01-29
|
| 26,572
| 26,787
|
| Arivo, Loan ID - C1384529
| 22.200
| 05-30-29
|
| 24,211
| 24,407
|
| Arivo, Loan ID - C1384700
| 22.000
| 05-18-29
|
| 35,379
| 35,666
|
| Arivo, Loan ID - C1385054
| 16.820
| 05-18-29
|
| 26,171
| 26,383
|
| Arivo, Loan ID - C1385469
| 22.990
| 11-19-28
|
| 13,938
| 14,051
|
| Arivo, Loan ID - C1385521
| 20.000
| 11-19-27
|
| 30,772
| 31,022
|
| Arivo, Loan ID - C1385526
| 20.570
| 05-30-29
|
| 22,402
| 22,584
|
| Arivo, Loan ID - C1385540
| 13.340
| 05-19-29
|
| 35,150
| 35,435
|
| Arivo, Loan ID - C1385548
| 14.700
| 05-04-29
|
| 35,869
| 36,160
|
| Arivo, Loan ID - C1385607 (H)
| 18.180
| 05-29-29
|
| 27,379
| 27,601
|
| Arivo, Loan ID - C1385661
| 20.000
| 05-21-29
|
| 36,315
| 36,609
|
| Arivo, Loan ID - C1385838
| 17.850
| 05-29-29
|
| 25,428
| 25,634
|
| Arivo, Loan ID - C1386089
| 20.200
| 05-22-29
|
| 16,846
| 16,983
|
| Arivo, Loan ID - C1386584
| 20.000
| 05-21-29
|
| 18,623
| 18,774
|
| Arivo, Loan ID - C1386680
| 17.000
| 05-21-29
|
| 9,522
| 9,599
|
| Arivo, Loan ID - C1386731
| 13.450
| 05-23-29
|
| 27,511
| 27,734
|
| Arivo, Loan ID - C1387131
| 18.000
| 05-21-29
|
| 20,346
| 20,510
|
| Arivo, Loan ID - C1387295
| 18.890
| 05-22-29
|
| 27,168
| 27,388
|
| Arivo, Loan ID - C1387393
| 16.860
| 05-25-29
|
| 31,274
| 31,527
|
| Arivo, Loan ID - C1387501
| 18.900
| 05-22-29
|
| 12,410
| 12,511
|
| Arivo, Loan ID - C1387732
| 20.660
| 05-23-29
|
| 23,591
| 23,782
|
| Arivo, Loan ID - C1387765
| 22.560
| 05-23-29
|
| 21,438
| 21,612
|
| Arivo, Loan ID - C1387802
| 18.000
| 05-22-29
|
| 18,499
| 18,649
|
| Arivo, Loan ID - C1387840
| 20.110
| 05-22-29
|
| 21,936
| 22,114
|
| Arivo, Loan ID - C1387867
| 20.000
| 05-25-29
|
| 25,420
| 25,626
|
| Arivo, Loan ID - C1388209
| 16.370
| 05-23-29
|
| 24,419
| 24,617
|
| Arivo, Loan ID - C1388265
| 20.410
| 05-23-29
|
| 20,187
| 20,350
|
| Arivo, Loan ID - C1388326
| 18.000
| 05-23-29
|
| 39,526
| 39,846
|
| Arivo, Loan ID - C1388383
| 18.000
| 05-23-29
|
| 19,935
| 20,097
|
| Arivo, Loan ID - C1388406
| 16.500
| 05-23-29
|
| 9,580
| 9,658
|
| Arivo, Loan ID - C1388509
| 21.260
| 05-25-29
|
| 27,380
| 27,602
|
| Arivo, Loan ID - C1388512
| 18.000
| 05-23-29
|
| 24,314
| 24,511
|
| 51
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Arivo, Loan ID - C1388568
| 18.670
| 05-23-29
|
| 34,790
| $35,072
|
| Arivo, Loan ID - C1388689
| 21.930
| 05-25-29
|
| 19,711
| 19,871
|
| Arivo, Loan ID - C1388696
| 19.230
| 05-12-29
|
| 24,650
| 24,850
|
| Arivo, Loan ID - C1388855
| 22.900
| 05-15-29
|
| 23,596
| 23,787
|
| Arivo, Loan ID - C1388947
| 17.460
| 05-23-29
|
| 26,223
| 26,435
|
| Arivo, Loan ID - C1388993
| 18.210
| 05-23-29
|
| 28,767
| 29,000
|
| Arivo, Loan ID - C1389039
| 18.710
| 05-09-29
|
| 31,934
| 32,192
|
| Arivo, Loan ID - C1389201
| 14.610
| 05-14-29
|
| 33,747
| 34,020
|
| Arivo, Loan ID - C1389213
| 18.000
| 05-31-29
|
| 25,208
| 25,412
|
| Arivo, Loan ID - C1389271
| 21.880
| 06-01-29
|
| 20,276
| 20,440
|
| Arivo, Loan ID - C1389288
| 17.380
| 05-12-29
|
| 75
| 76
|
| Arivo, Loan ID - C1389338
| 20.350
| 05-25-29
|
| 31,345
| 31,599
|
| Arivo, Loan ID - C1389412
| 18.350
| 05-26-29
|
| 44,887
| 45,251
|
| Arivo, Loan ID - C1389425
| 16.390
| 06-01-29
|
| 25,155
| 25,359
|
| Arivo, Loan ID - C1389461
| 19.760
| 05-29-29
|
| 3,495
| 3,524
|
| Arivo, Loan ID - C1389469
| 20.000
| 05-25-29
|
| 23,555
| 23,746
|
| Arivo, Loan ID - C1389502
| 19.740
| 05-28-29
|
| 25,129
| 25,333
|
| Arivo, Loan ID - C1389530
| 20.130
| 05-26-29
|
| 21,206
| 21,377
|
| Arivo, Loan ID - C1389587
| 13.740
| 05-25-29
|
| 33,881
| 34,155
|
| Arivo, Loan ID - C1389712
| 22.080
| 05-25-29
|
| 45,108
| 45,474
|
| Arivo, Loan ID - C1389869
| 17.250
| 11-25-27
|
| 10,845
| 10,932
|
| Arivo, Loan ID - C1389972
| 15.580
| 05-26-29
|
| 9,123
| 9,197
|
| Arivo, Loan ID - C1389986
| 17.820
| 05-26-29
|
| 46,487
| 46,670
|
| Arivo, Loan ID - C1390027
| 17.150
| 05-23-29
|
| 27,019
| 27,238
|
| Arivo, Loan ID - C1390140
| 21.880
| 05-26-29
|
| 15,954
| 16,083
|
| Arivo, Loan ID - C1390165
| 20.080
| 05-26-29
|
| 22,820
| 23,005
|
| Arivo, Loan ID - C1390258
| 20.500
| 05-11-29
|
| 18,389
| 18,538
|
| Arivo, Loan ID - C1390345
| 20.000
| 11-26-27
|
| 20,165
| 20,329
|
| Arivo, Loan ID - C1390443
| 17.030
| 05-26-29
|
| 35,278
| 35,564
|
| Arivo, Loan ID - C1390475
| 20.890
| 05-26-29
|
| 21,411
| 21,585
|
| Arivo, Loan ID - C1390501
| 15.920
| 05-26-29
|
| 35,319
| 35,605
|
| Arivo, Loan ID - C1390516
| 18.000
| 05-26-29
|
| 41,448
| 41,783
|
| Arivo, Loan ID - C1390616
| 20.000
| 05-26-29
|
| 33,000
| 33,267
|
| Arivo, Loan ID - C1390630
| 15.360
| 05-26-29
|
| 20,763
| 20,931
|
| Arivo, Loan ID - C1390640
| 20.000
| 05-25-29
|
| 26,879
| 27,097
|
| Arivo, Loan ID - C1390700
| 20.000
| 05-27-29
|
| 23,550
| 23,741
|
| Arivo, Loan ID - C1390709
| 18.000
| 05-27-29
|
| 25,086
| 25,289
|
| Arivo, Loan ID - C1390735
| 18.060
| 05-13-29
|
| 32,598
| 32,862
|
| Arivo, Loan ID - C1390766
| 17.830
| 05-27-29
|
| 19,389
| 19,546
|
| Arivo, Loan ID - C1390785
| 21.580
| 05-29-29
|
| 17,980
| 18,125
|
| Arivo, Loan ID - C1390807
| 22.540
| 05-27-29
|
| 19,325
| 19,481
|
| Arivo, Loan ID - C1390816
| 16.870
| 05-27-29
|
| 32,061
| 32,320
|
| Arivo, Loan ID - C1390907
| 17.010
| 05-27-29
|
| 22,528
| 22,711
|
| Arivo, Loan ID - C1390935
| 16.170
| 05-29-29
|
| 28,785
| 29,018
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 52
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Arivo, Loan ID - C1391006
| 18.430
| 05-27-29
|
| 22,225
| $22,405
|
| Arivo, Loan ID - C1391008
| 21.850
| 05-27-29
|
| 22,100
| 22,279
|
| Arivo, Loan ID - C1391067
| 17.910
| 05-27-29
|
| 25,657
| 25,865
|
| Arivo, Loan ID - C1391070
| 16.640
| 05-27-29
|
| 26,980
| 27,199
|
| Arivo, Loan ID - C1391235
| 17.930
| 05-30-29
|
| 20,578
| 20,744
|
| Arivo, Loan ID - C1391262
| 16.960
| 05-27-29
|
| 18,187
| 18,335
|
| Arivo, Loan ID - C1391263
| 18.000
| 05-27-29
|
| 29,569
| 29,808
|
| Arivo, Loan ID - C1391280
| 20.260
| 05-27-29
|
| 22,289
| 22,470
|
| Arivo, Loan ID - C1391342
| 14.930
| 05-28-29
|
| 18,091
| 18,238
|
| Arivo, Loan ID - C1391427
| 19.880
| 05-28-29
|
| 33,425
| 33,696
|
| Arivo, Loan ID - C1391483
| 16.470
| 05-28-29
|
| 40,130
| 40,455
|
| Arivo, Loan ID - C1391610
| 20.570
| 05-13-29
|
| 21,343
| 21,516
|
| Arivo, Loan ID - C1391647
| 20.570
| 05-29-29
|
| 26,846
| 27,064
|
| Arivo, Loan ID - C1391652
| 19.570
| 05-25-29
|
| 15,993
| 16,122
|
| Arivo, Loan ID - C1391694
| 20.000
| 05-28-29
|
| 39,985
| 40,309
|
| Arivo, Loan ID - C1391736
| 16.550
| 05-29-29
|
| 46,161
| 46,535
|
| Arivo, Loan ID - C1391810
| 18.520
| 05-29-29
|
| 35,655
| 35,943
|
| Arivo, Loan ID - C1391813
| 18.000
| 06-02-29
|
| 27,361
| 27,583
|
| Arivo, Loan ID - C1391838
| 22.660
| 05-28-29
|
| 25,688
| 25,896
|
| Arivo, Loan ID - C1392009
| 16.290
| 11-13-27
|
| 8,769
| 8,840
|
| Arivo, Loan ID - C1392016
| 20.470
| 05-30-29
|
| 26,545
| 26,760
|
| Arivo, Loan ID - C1392078
| 18.000
| 05-28-29
|
| 3,954
| 3,986
|
| Arivo, Loan ID - C1392104
| 18.000
| 05-28-29
|
| 23,252
| 23,440
|
| Arivo, Loan ID - C1392195
| 17.980
| 05-29-29
|
| 32,875
| 33,141
|
| Arivo, Loan ID - C1392202
| 16.430
| 05-29-29
|
| 43,740
| 44,095
|
| Arivo, Loan ID - C1392228
| 13.720
| 05-29-29
|
| 44,860
| 45,223
|
| Arivo, Loan ID - C1392258
| 18.000
| 05-29-29
|
| 19,833
| 19,994
|
| Arivo, Loan ID - C1392320
| 17.980
| 05-14-29
|
| 32,806
| 33,072
|
| Arivo, Loan ID - C1392322
| 20.610
| 11-14-27
|
| 15,358
| 15,482
|
| Arivo, Loan ID - C1392327
| 18.000
| 05-14-29
|
| 26,225
| 26,438
|
| Arivo, Loan ID - C1392364
| 22.070
| 05-29-29
|
| 23,847
| 24,040
|
| Arivo, Loan ID - C1392401
| 21.440
| 05-29-29
|
| 22,195
| 22,375
|
| Arivo, Loan ID - C1392420
| 14.430
| 11-29-27
|
| 22,152
| 22,332
|
| Arivo, Loan ID - C1392421
| 20.000
| 05-28-29
|
| 25,485
| 25,692
|
| Arivo, Loan ID - C1392514
| 20.000
| 05-29-29
|
| 21,685
| 21,861
|
| Arivo, Loan ID - C1392527
| 14.780
| 05-29-29
|
| 42,746
| 43,092
|
| Arivo, Loan ID - C1392568
| 14.740
| 05-29-29
|
| 20,912
| 21,081
|
| Arivo, Loan ID - C1392580
| 14.420
| 05-30-29
|
| 27,121
| 27,340
|
| Arivo, Loan ID - C1392630
| 17.490
| 05-29-29
|
| 25,456
| 25,662
|
| Arivo, Loan ID - C1392634
| 17.960
| 05-14-29
|
| 24,844
| 25,046
|
| Arivo, Loan ID - C1392651
| 20.270
| 06-02-29
|
| 23,736
| 23,928
|
| Arivo, Loan ID - C1392710
| 19.820
| 06-03-29
|
| 23,883
| 24,076
|
| Arivo, Loan ID - C1392768
| 18.000
| 05-15-29
|
| 20,826
| 20,995
|
| Arivo, Loan ID - C1392780
| 24.050
| 05-29-29
|
| 19,911
| 20,072
|
| 53
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Arivo, Loan ID - C1392838
| 18.000
| 05-14-29
|
| 24,652
| $24,852
|
| Arivo, Loan ID - C1392840
| 18.140
| 05-29-29
|
| 24,383
| 24,581
|
| Arivo, Loan ID - C1392844
| 17.970
| 05-29-29
|
| 22,937
| 23,123
|
| Arivo, Loan ID - C1392924
| 22.500
| 06-04-29
|
| 26,382
| 26,596
|
| Arivo, Loan ID - C1392961
| 20.570
| 05-30-29
|
| 38,381
| 38,692
|
| Arivo, Loan ID - C1392970
| 20.000
| 05-15-29
|
| 16,099
| 16,229
|
| Arivo, Loan ID - C1392982
| 20.060
| 05-25-29
|
| 28,914
| 29,148
|
| Arivo, Loan ID - C1393035
| 12.830
| 05-30-29
|
| 43,052
| 43,400
|
| Arivo, Loan ID - C1393075
| 15.310
| 05-15-29
|
| 23,875
| 24,068
|
| Arivo, Loan ID - C1393081
| 14.660
| 05-30-29
|
| 19,644
| 19,803
|
| Arivo, Loan ID - C1393111
| 17.560
| 05-29-29
|
| 28,320
| 28,549
|
| Arivo, Loan ID - C1393122
| 18.260
| 05-30-29
|
| 18,885
| 19,038
|
| Arivo, Loan ID - C1393159 (H)
| 21.090
| 11-25-27
|
| 18,582
| 18,732
|
| Arivo, Loan ID - C1393204
| 20.560
| 05-30-29
|
| 18,439
| 18,589
|
| Arivo, Loan ID - C1393263
| 19.710
| 05-30-29
|
| 20,867
| 21,036
|
| Arivo, Loan ID - C1393343
| 19.960
| 05-26-29
|
| 8,394
| 8,462
|
| Arivo, Loan ID - C1393348
| 20.300
| 05-30-29
|
| 11,835
| 11,931
|
| Arivo, Loan ID - C1393370
| 18.000
| 05-15-29
|
| 8,735
| 8,806
|
| Arivo, Loan ID - C1393405 (H)
| 20.570
| 05-27-29
|
| 21,649
| 21,824
|
| Arivo, Loan ID - C1393464
| 19.580
| 05-30-29
|
| 23,321
| 23,510
|
| Arivo, Loan ID - C1393472
| 20.000
| 05-30-29
|
| 36,356
| 36,651
|
| Arivo, Loan ID - C1393511
| 18.000
| 05-30-29
|
| 21,422
| 21,595
|
| Arivo, Loan ID - C1393576
| 21.540
| 05-30-29
|
| 27,959
| 28,186
|
| Arivo, Loan ID - C1393593
| 14.460
| 06-01-29
|
| 24,128
| 24,323
|
| Arivo, Loan ID - C1393720
| 14.520
| 05-30-29
|
| 23,101
| 23,288
|
| Arivo, Loan ID - C1393734
| 16.870
| 05-25-29
|
| 38,609
| 38,922
|
| Arivo, Loan ID - C1393753
| 19.860
| 11-15-27
|
| 17,299
| 17,439
|
| Arivo, Loan ID - C1393907
| 13.250
| 05-30-29
|
| 26,972
| 27,191
|
| Arivo, Loan ID - C1393979
| 21.130
| 05-16-29
|
| 43,679
| 44,033
|
| Arivo, Loan ID - C1394001
| 21.320
| 05-30-29
|
| 38,430
| 38,741
|
| Arivo, Loan ID - C1394007
| 21.300
| 05-30-29
|
| 18,095
| 18,242
|
| Arivo, Loan ID - C1394018
| 19.780
| 12-01-27
|
| 20,146
| 20,309
|
| Arivo, Loan ID - C1394076
| 18.670
| 06-01-29
|
| 25,740
| 25,949
|
| Arivo, Loan ID - C1394218
| 17.260
| 05-17-29
|
| 19,677
| 19,836
|
| Arivo, Loan ID - C1394326
| 13.540
| 06-01-29
|
| 42,067
| 42,407
|
| Arivo, Loan ID - C1394447
| 15.570
| 06-01-29
|
| 26,454
| 26,668
|
| Arivo, Loan ID - C1394484
| 20.000
| 06-01-29
|
| 15,988
| 16,118
|
| Arivo, Loan ID - C1394517
| 20.000
| 06-02-29
|
| 29,798
| 30,040
|
| Arivo, Loan ID - C1394590
| 14.710
| 05-17-29
|
| 18,836
| 18,989
|
| Arivo, Loan ID - C1394614
| 16.820
| 06-01-29
|
| 30,162
| 30,406
|
| Arivo, Loan ID - C1394658
| 17.900
| 06-01-29
|
| 27,230
| 27,451
|
| Arivo, Loan ID - C1394691
| 15.960
| 06-01-29
|
| 30,201
| 30,446
|
| Arivo, Loan ID - C1394693
| 18.040
| 06-01-29
|
| 28,370
| 28,600
|
| Arivo, Loan ID - C1394761
| 18.000
| 06-01-29
|
| 23,330
| 23,519
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 54
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Arivo, Loan ID - C1394800
| 23.340
| 06-01-29
|
| 9,152
| $9,226
|
| Arivo, Loan ID - C1394905
| 21.820
| 06-04-29
|
| 37,056
| 37,357
|
| Arivo, Loan ID - C1394975
| 16.750
| 05-26-29
|
| 21,021
| 21,192
|
| Arivo, Loan ID - C1395005
| 12.230
| 06-01-29
|
| 33,356
| 33,626
|
| Arivo, Loan ID - C1395036
| 18.600
| 05-18-29
|
| 28,425
| 28,655
|
| Arivo, Loan ID - C1395055
| 18.950
| 06-02-29
|
| 34,053
| 34,329
|
| Arivo, Loan ID - C1395098
| 14.860
| 06-02-29
|
| 42,770
| 43,117
|
| Arivo, Loan ID - C1395177
| 14.990
| 06-02-29
|
| 28,927
| 29,161
|
| Arivo, Loan ID - C1395182
| 17.670
| 06-02-29
|
| 14,266
| 14,382
|
| Arivo, Loan ID - C1395239
| 17.130
| 05-30-29
|
| 28,528
| 28,759
|
| Arivo, Loan ID - C1395328
| 20.000
| 05-18-29
|
| 28,242
| 28,471
|
| Arivo, Loan ID - C1395338 (H)
| 19.730
| 06-03-29
|
| 26,108
| 26,319
|
| Arivo, Loan ID - C1395354
| 15.560
| 06-02-29
|
| 27,160
| 27,380
|
| Arivo, Loan ID - C1395472
| 17.210
| 06-02-29
|
| 31,197
| 31,450
|
| Arivo, Loan ID - C1395484
| 19.030
| 05-18-29
|
| 21,867
| 22,044
|
| Arivo, Loan ID - C1395714
| 18.000
| 06-02-29
|
| 20,899
| 21,068
|
| Arivo, Loan ID - C1395903
| 20.000
| 12-03-27
|
| 9,065
| 9,138
|
| Arivo, Loan ID - C1395914
| 16.090
| 06-03-29
|
| 21,493
| 21,667
|
| Arivo, Loan ID - C1395983
| 16.840
| 06-03-29
|
| 22,159
| 22,338
|
| Arivo, Loan ID - C1396446
| 20.570
| 06-04-29
|
| 23,155
| 23,343
|
| Arivo, Loan ID - C1396488
| 16.170
| 06-03-29
|
| 22,184
| 22,363
|
| Arivo, Loan ID - C1397113
| 19.680
| 06-04-29
|
| 28,396
| 28,626
|
| Arivo, Loan ID - C1397185
| 20.570
| 06-04-29
|
| 17,697
| 17,840
|
| Arivo, Loan ID - C1397666
| 21.960
| 06-05-29
|
| 21,273
| 21,445
|
| Arivo, Loan ID - C1480324
| 18.000
| 09-02-29
|
| 29,456
| 29,694
|
| Arivo, Loan ID - C1482643
| 18.000
| 09-09-29
|
| 29,567
| 29,806
|
| Arivo, Loan ID - C1483188
| 14.640
| 09-07-29
|
| 40,235
| 40,561
|
| Arivo, Loan ID - C1483586
| 24.370
| 09-07-29
|
| 28,925
| 29,159
|
| Arivo, Loan ID - C1485900
| 19.770
| 09-10-29
|
| 21,966
| 22,144
|
| Arivo, Loan ID - C1486798
| 21.980
| 09-12-29
|
| 19,214
| 19,369
|
| Arivo, Loan ID - C1486827
| 20.110
| 03-12-28
|
| 11,112
| 11,202
|
| Arivo, Loan ID - C1487273
| 20.000
| 09-12-29
|
| 30,905
| 31,156
|
| Arivo, Loan ID - C1488090
| 20.000
| 09-15-29
|
| 21,289
| 21,462
|
| Arivo, Loan ID - C1488149
| 17.370
| 09-17-29
|
| 42,870
| 43,217
|
| Arivo, Loan ID - C1488220
| 21.000
| 09-14-29
|
| 14,839
| 14,959
|
| Arivo, Loan ID - C1488570
| 12.980
| 09-14-29
|
| 5,792
| 5,839
|
| Arivo, Loan ID - C1488990
| 18.000
| 09-15-29
|
| 33,755
| 34,029
|
| Arivo, Loan ID - C1489048
| 17.770
| 08-30-29
|
| 27,828
| 28,054
|
| Arivo, Loan ID - C1489057
| 18.020
| 09-15-29
|
| 24,063
| 24,258
|
| Arivo, Loan ID - C1489582
| 16.430
| 09-16-29
|
| 19,022
| 19,176
|
| Arivo, Loan ID - C1490051
| 20.000
| 09-17-29
|
| 29,358
| 29,596
|
| Arivo, Loan ID - C1490515
| 19.680
| 09-04-29
|
| 27,259
| 27,480
|
| Arivo, Loan ID - C1491219
| 17.650
| 09-04-29
|
| 35,445
| 35,732
|
| Arivo, Loan ID - C1491340
| 15.510
| 09-04-29
|
| 26,427
| 26,641
|
| 55
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
|
| Rate (%)
| Maturity date
|
| Par value^
| Value
|
| JH Consumer Loan Trust (continued)
|
|
|
|
|
| Arivo, Loan ID - C1491409
| 17.650
| 09-20-29
|
| 26,839
| $27,057
|
| Arivo, Loan ID - C1491789
| 22.620
| 03-20-28
|
| 18,759
| 18,911
|
| Arivo, Loan ID - C1492310
| 20.890
| 09-21-29
|
| 28,289
| 28,518
|
| Arivo, Loan ID - C1492454
| 19.010
| 09-07-29
|
| 23,240
| 23,428
|
| Arivo, Loan ID - C1492664
| 18.000
| 09-06-29
|
| 19,918
| 20,079
|
| Arivo, Loan ID - C1492950
| 22.610
| 09-22-29
|
| 22,850
| 23,035
|
| Arivo, Loan ID - C1493370
| 19.430
| 09-22-29
|
| 29,370
| 29,608
|
| Arivo, Loan ID - C1493394
| 24.340
| 09-22-29
|
| 22,605
| 22,788
|
|
|
| Arivo, Loan ID - C1493661
| 21.050
| 09-23-29
|
| 34,947
| 35,230
|
| Corporate asset-based credit 2.9%
|
|
| $5,133,000
|
| (Cost $5,000,000)
|
|
|
|
|
|
| Materials 2.9%
|
|
|
|
| 5,133,000
|
| CG Finance A LP
|
|
|
|
|
|
|
|
| Series 2023-1, Class A (F)
| 11.500
| 06-28-28
|
| 5,000,000
| 5,133,000
|
| Credit-linked notes 8.9%
|
|
|
|
| $15,634,747
|
| (Cost $15,604,806)
|
|
|
|
|
|
| Consumer loans 2.1%
|
|
| 3,765,268
|
| Huntington Bank Auto Credit-Linked Notes
|
|
|
|
|
|
| Series 2024-1, Class E (30 day Average SOFR + 8.250%) (A)(C)
| 13.140
| 05-20-32
|
| 1,036,840
| 1,044,469
|
| Series 2024-2, Class E (30 day Average SOFR + 7.500%) (A)(C)
| 12.355
| 10-20-32
|
| 1,800,000
| 1,800,000
|
| U.S. Bank NA Auto Credit-Linked Note
|
|
|
|
|
|
| Series 2023-1, Class D (A)
| 13.597
| 08-25-32
|
| 898,987
| 920,799
|
| Corporate asset backed securities 6.8%
|
|
| 11,869,479
|
| Deutsche Bank AG Credit-Linked Note
|
|
|
|
|
|
| Series 2024-1A, Class CLN (3 month CME Term SOFR + 9.250%) (A)(C)(F)
| 14.560
| 11-21-33
|
| 5,000,000
| 5,000,500
|
| MAM SRT Holder II, Ltd.
|
|
|
|
|
|
| (1 month CME Term SOFR + 6.500%) (A)(C)(F)
| 11.310
| 08-06-32
|
| 6,868,979
| 6,868,979
|
|
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 56
|
|
|
|
|
| Contracts/Notional amount
| Value
|
| Purchased options 0.0%
|
|
|
|
| $13,250
|
| (Cost $28,956)
|
|
|
|
|
|
| Calls 0.0%
|
|
|
|
| 13,250
|
| Exchange-traded Option on 5-Year U.S. Treasury Note Futures (Expiration Date: 2-21-25; Strike Price: $112.00; Notional
Amount: 106,000)
|
|
|
| 106
| 13,250
|
|
|
|
|
| Yield (%)
|
| Shares
| Value
|
| Short-term investments 3.1%
|
|
|
|
| $5,552,869
|
| (Cost $5,552,869)
|
|
|
|
|
|
| Short-term funds 3.1%
|
|
|
|
| 5,552,869
|
| State Street Institutional U.S. Government Money Market Fund, Premier Class
| 4.8111(P)
|
| 5,130,932
| 5,130,932
|
| U.S. Bank Money Market Deposit Account
| 3.9440(P)
|
| 69,529
| 69,529
|
| Wilmington U.S. Government Money Market Fund, Institutional Class
| 4.6900(P)
|
| 352,408
| 352,408
|
|
|
| Total investments (Cost $214,628,098) 122.9%
|
|
| $216,172,563
|
| Other assets and liabilities, net (22.9%)
|
|
|
| (40,330,859)
|
| Total net assets 100.0%
|
|
|
|
| $175,841,704
|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
|
| ^All par values are denominated in U.S. dollars unless otherwise indicated.
|
| Currency Abbreviations
|
| EUR
| Euro
|
| Security Abbreviations and Legend
|
| CME
| CME Group Published Rates
|
| EURIBOR
| Euro 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.
|
| PO
| Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.
|
| SOFR
| Secured Overnight Financing Rate
|
| TBA
| To Be Announced. Maturity date to be available once security is delivered at an agreed-upon future settlement date.
|
| (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 $91,183,617 or 51.9% of the fund’s net assets as of 10-31-24.
|
| (B)
| All or a portion of this security is segregated as collateral for reverse repurchase agreements.
|
| (C)
| Variable rate obligation. The coupon rate shown represents the rate at period end.
|
| (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)
| Loans are privately issued. Loan originator and/or seller is reflected.
|
| (F)
| Securities are valued using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
|
| 57
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
| (G)
| Non-income producing - borrower is in default.
|
| (H)
| Non-income producing security.
|
| (I)
| The underlying loans have matured but are still in the repayment process.
|
| (J)
| Notes do not bear interest and represent the ownership of the residual interest in the issuing entity. Distributions are made only after all classes senior in priority have received all amounts due.
|
| (K)
| Term loans are variable rate obligations. The rate shown represents the rate at period end.
|
| (L)
| Security purchased or sold on a when-issued or delayed delivery basis.
|
| (M)
| There is no stated interest rate. The fund holds 100% of the economic interests in the investment.
|
| (N)
| The fund holds an affiliate interest in this investment.
|
| (O)
| The fund holds 100% of the economic interests in the investment.
|
| (P)
| The rate shown is the annualized seven-day yield as of 10-31-24.
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 58
|
DERIVATIVES
FUTURES
| Open contracts
| Number of
contracts
| Position
| Expiration
date
| Notional
basis^
| Notional
value^
| Unrealized
appreciation
(depreciation)
|
| 2-Year U.S. Treasury Note Futures
| 13
| Short
| Dec 2024
| $(2,682,875)
| $(2,677,289)
| $5,586
|
| 3-Year U.S. Treasury Note Futures
| 12
| Short
| Dec 2024
| (2,525,532)
| (2,516,063)
| 9,469
|
| 5-Year U.S. Treasury Note Futures
| 35
| Short
| Dec 2024
| (3,876,797)
| (3,753,204)
| 123,593
|
|
|
|
|
|
|
| $138,648
|
^ Notional basis refers to the
contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
At 10-31-24, the aggregate cost
of investments for federal income tax purposes was $214,751,039. Net unrealized appreciation aggregated to $1,560,172, of which $3,915,925 related to gross unrealized appreciation and $2,355,753 related to gross
unrealized depreciation.
See Notes to consolidated
financial statements regarding investment transactions and other derivatives information.
| 59
| JOHN HANCOCK ASSET-BASED LENDING FUND |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
Consolidated financial statements
CONSOLIDATED STATEMENT OF ASSETS
AND LIABILITIES 10-31-24
| Assets
|
|
| Unaffiliated investments, at value (Cost $173,284,934)
| $172,889,474
|
| Affiliated investments, at value (Cost $41,343,164)
| 43,283,089
|
| Total investments, at value (Cost $214,628,098)
| 216,172,563
|
| Receivable for futures variation margin
| 418,684
|
| Cash
| 688,837
|
| Collateral held at broker for futures contracts
| 74,593
|
| Receivable for escrow and corporate advances, at value (Cost $662,005)
| 608,878
|
| Collateral at prime broker
| 516,626
|
| Dividends and interest receivable
| 1,318,098
|
| Receivable from affiliates
| 366,097
|
| Other assets
| 399,623
|
| Total assets
| 220,563,999
|
| Liabilities
|
|
| Payable for open reverse repurchase agreements
| 37,655,505
|
| Payable for investments purchased
| 1,800,000
|
| Payable for delayed-delivery securities purchased
| 2,995,663
|
| Deferred tax liability
| 217,022
|
| Payable to affiliates
|
|
| Incentive fees
| 396,901
|
| Accounting and legal services fees
| 8,013
|
| Distribution and service fees
| 62
|
| Trustees’ fees
| 71
|
| Other liabilities and accrued expenses
| 1,649,058
|
| Total liabilities
| 44,722,295
|
| Net assets
| $175,841,704
|
| Net assets consist of
|
|
| Paid-in capital
| $173,639,296
|
| Total distributable earnings (loss)
| 2,202,408
|
| Net assets
| $175,841,704
|
|
|
| Net asset value per share
|
|
Based on net asset value and shares outstanding - the
fund has an unlimited number of
shares authorized with no par value
|
|
| Class I ($175,672,853 ÷ 8,664,079 shares)
| $20.28
|
| Class D ($117,384 ÷ 5,789 shares)
| $20.28
|
| Class S ($51,467 ÷ 2,525 shares)
| $20.38
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK Asset-Based Lending Fund
| 60
|
CONSOLIDATED STATEMENT OF
OPERATIONS For the year ended 10-31-24
| Investment income
|
|
| Interest
| $15,609,841
|
| Dividends from affiliated investments
| 901,100
|
| Dividends
| 407,462
|
| Total investment income
| 16,918,403
|
| Expenses
|
|
| Investment management fees
| 2,454,496
|
| Incentive fees
| 1,139,668
|
| Distribution and service fees
| 612
|
| Interest expense
| 1,093,601
|
| Accounting and legal services fees
| 30,576
|
| Transfer agent fees
| 178,793
|
| Trustees’ fees
| 127,005
|
| Custodian fees
| 150,597
|
| Investment servicing fees
| 957,405
|
| State registration fees
| 56,955
|
| Printing and postage
| 28,896
|
| Professional fees
| 1,564,182
|
| Pricing services fees
| 422,000
|
| Tax expense
| 800
|
| Other
| 49,111
|
| Total expenses
| 8,254,697
|
| Less expense reductions
| (1,660,370)
|
| Net expenses
| 6,594,327
|
| Net investment income
| 10,324,076
|
| Realized and unrealized gain (loss)
|
|
| Net realized gain (loss) on
|
|
| Unaffiliated investments
| (161,872)
|
| Affiliated investments
| 4,568
|
| Futures contracts
| 65,866
|
|
| (91,438)
|
| Change in net unrealized appreciation (depreciation) of
|
|
| Unaffiliated investments and receivables
| 235,398
|
| Affiliated investments, net of deferred taxes
| 1,874,5931
|
| Futures contracts
| 106,802
|
|
| 2,216,793
|
| Net realized and unrealized gain
| 2,125,355
|
| Increase in net assets from operations
| $12,449,431
|
|
|
| 1
| Net of $188,181 increase in deferred taxes.
|
| 61
| JOHN HANCOCK Asset-Based Lending Fund |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
CONSOLIDATED STATEMENTS OF CHANGES
IN NET ASSETS
|
| Year ended
10-31-24
| Year ended
10-31-23
|
| Increase (decrease) in net assets
|
|
|
| From operations
|
|
|
| Net investment income
| $10,324,076
| $6,001,669
|
| Net realized gain (loss)
| (91,438)
| 46,653
|
| Change in net unrealized appreciation (depreciation)
| 2,216,793
| 395,014
|
| Increase in net assets resulting from operations
| 12,449,431
| 6,443,336
|
| Distributions to shareholders
|
|
|
| From earnings
|
|
|
| Class I
| (10,585,056)
| (5,664,593)
|
| Class D
| (4,910)
| (2,558)
|
| Class S
| (2,977)
| (2,182)
|
| Total distributions
| (10,592,943)
| (5,669,333)
|
| From fund share transactions
| 60,462,679
| 13,453,265
|
| Total increase
| 62,319,167
| 14,227,268
|
| Net assets
|
|
|
| Beginning of year
| 113,522,537
| 99,295,269
|
| End of year
| $175,841,704
| $113,522,537
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK Asset-Based Lending Fund
| 62
|
CONSOLIDATED STATEMENT OF CASH
FLOWS For the year ended 10-31-24
|
|
|
| Cash flows from operating activities
|
|
| Net increase in net assets from operations
| $12,449,431
|
| Adjustments to reconcile net increase in net assets from operations to net cash used in operating
activities:
|
|
| Long-term investments purchased
| (216,806,282)
|
| Long-term investments sold
| 115,340,346
|
| Net purchases and sales of short-term investments
| (3,379,482)
|
| Net amortization of premium (discount)
| (981,109)
|
| (Increase) Decrease in assets:
|
|
| Receivable for futures variation margin
| (137,213)
|
| Collateral held at broker for futures contracts
| (22,893)
|
| Receivable for escrow and corporate advances, at value
| 175,547
|
| Collateral at prime broker
| (516,626)
|
| Dividends and interest receivable
| (696,254)
|
| Receivable for investments sold
| 218,159
|
| Receivable from affiliates
| (222,582)
|
| Other assets
| (317,163)
|
| Increase (Decrease) in liabilities:
|
|
| Payable for investments purchased
| 1,800,000
|
| Payable for delayed delivery securities purchased
| 2,995,663
|
| Deferred tax liability
| 217,022
|
| Payable to affiliates
| 397,872
|
| Other liabilities and accrued expenses
| 1,068,668
|
| Net change in unrealized (appreciation) depreciation on:
|
|
| Investments
| (2,327,013)
|
| Net realized (gain) loss on:
|
|
| Investments
| 157,304
|
| Proceeds received as return of capital
| 1,746,485
|
| Net cash used in operating activities
| $(88,840,120)
|
| Cash flows provided by (used in) financing activities
|
|
| Distributions to shareholders
| $(9,048,997)
|
| Borrowings from reverse repurchase agreements
| 37,655,505
|
| Fund shares sold
| 59,179,692
|
| Fund shares repurchased
| (260,959)
|
| Net cash flows provided by financing activities
| $87,525,241
|
| Net decrease in cash
| $(1,314,879)
|
| Cash at beginning of year
| $2,003,716
|
| Cash at end of year
| $688,837
|
| Supplemental disclosure of cash flow information:
|
|
| Cash paid for interest
| $(1,013,012)
|
| 63
| JOHN HANCOCK Asset-Based Lending Fund |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended (continued)
|
|
|
| Noncash financing activities not included herein consists of reinvestment of distributions
| $1,543,946
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK Asset-Based Lending Fund
| 64
|
CONSOLIDATED FINANCIAL
HIGHLIGHTS
| CLASS I SHARES Period ended
| 10-31-24
| 10-31-23
| 10-31-221
|
| Per share operating performance
|
|
|
|
| Net asset value, beginning of period
| $20.01
| $19.84
| $20.00
|
| Net investment income2
| 1.30
| 1.15
| 0.09
|
| Net realized and unrealized gain (loss) on investments
| 0.32
| 0.09
| (0.25)
|
| Total from investment operations
| 1.62
| 1.24
| (0.16)
|
| Less distributions
|
|
|
|
| From net investment income
| (1.35)
| (1.07)
| —
|
| From net realized gain
| —3
| —
| —
|
| Total distributions
| (1.35)
| (1.07)
| —
|
| Net asset value, end of period4
| $20.28
| $20.01
| $19.84
|
| Total return (%)5
| 8.58
| 6.40
| (0.80)6
|
| Ratios and supplemental data
|
|
|
|
| Net assets, end of period (in millions)
| $176
| $113
| $99
|
| Ratios (as a percentage of average net assets):
|
|
|
|
| Expenses before reductions
| 5.157
| 4.11
| 3.908
|
| Expenses including reductions
| 4.127,9
| 2.50
| 1.948
|
| Net investment income
| 6.44
| 5.75
| 1.4810
|
| Portfolio turnover (%)
| 68
| 80
| 17
|
| Total debt outstanding end of period (in millions)
| $38
| —
| —
|
| Asset coverage per $1,000 of debt11
| $5,670
| —
| —
|
| 1
| Period from 7-11-22 (commencement of operations) to 10-31-22.
|
| 2
| Based on average monthly shares outstanding.
|
| 3
| Less than $0.005 per share.
|
| 4
| The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund’s shares exists.
|
| 5
| Total returns would have been lower had certain expenses not been reduced during the applicable periods.
|
| 6
| Not annualized.
|
| 7
| Includes incentive fees expense of 0.71% for the period ended 10-31-24.
|
| 8
| Annualized. Certain expenses are presented unannualized.
|
| 9
| Expenses including reductions excluding interest expense were 3.43% for the period ended 10-31-24.
|
| 10
| Annualized.
|
| 11
| Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested
assets may change accordingly. Asset coverage ratio provides a measure of leverage.
|
| 65
| JOHN HANCOCK Asset-Based Lending Fund |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
| CLASS D SHARES Period ended
| 10-31-24
| 10-31-23
| 10-31-221
|
| Per share operating performance
|
|
|
|
| Net asset value, beginning of period
| $20.02
| $19.82
| $20.00
|
| Net investment income2
| 1.21
| 1.11
| 0.08
|
| Net realized and unrealized gain (loss) on investments
| 0.35
| 0.10
| (0.26)
|
| Total from investment operations
| 1.56
| 1.21
| (0.18)
|
| Less distributions
|
|
|
|
| From net investment income
| (1.30)
| (1.01)
| —
|
| From net realized gain
| —3
| —
| —
|
| Total distributions
| (1.30)
| (1.01)
| —
|
| Net asset value, end of period4
| $20.28
| $20.02
| $19.82
|
| Total return (%)5,6
| 8.24
| 6.24
| (0.90)7
|
| Ratios and supplemental data
|
|
|
|
| Net assets, end of period (in millions)
| $—8
| $—8
| $—8
|
| Ratios (as a percentage of average net assets):
|
|
|
|
| Expenses before reductions
| 5.409
| 4.36
| 4.1510
|
| Expenses including reductions
| 4.379,11
| 2.75
| 2.1910
|
| Net investment income
| 5.86
| 5.56
| 1.2412
|
| Portfolio turnover (%)
| 68
| 80
| 17
|
| Total debt outstanding end of period (in millions)
| $38
| —
| —
|
| Asset coverage per $1,000 of debt13
| $5,670
| —
| —
|
| 1
| Period from 7-11-22 (commencement of operations) to 10-31-22.
|
| 2
| Based on average monthly shares outstanding.
|
| 3
| Less than $0.005 per share.
|
| 4
| The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund’s shares exists.
|
| 5
| Total returns would have been lower had certain expenses not been reduced during the applicable periods.
|
| 6
| Does not reflect the effect of sales charges, if any.
|
| 7
| Not annualized.
|
| 8
| Less than $500,000.
|
| 9
| Includes incentive fees expense of 0.71% for the period ended 10-31-24.
|
| 10
| Annualized. Certain expenses are presented unannualized.
|
| 11
| Expenses including reductions excluding interest expense were 3.68% for the period ended 10-31-24.
|
| 12
| Annualized.
|
| 13
| Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested
assets may change accordingly. Asset coverage ratio provides a measure of leverage.
|
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| | JOHN HANCOCK Asset-Based Lending Fund
| 66
|
CONSOLIDATED FINANCIAL HIGHLIGHTS (continued)
| CLASS S SHARES Period ended
| 10-31-24
| 10-31-23
| 10-31-221
|
| Per share operating performance
|
|
|
|
| Net asset value, beginning of period
| $20.01
| $19.79
| $20.00
|
| Net investment income2
| 1.22
| 0.99
| 0.04
|
| Net realized and unrealized gain (loss) on investments
| 0.33
| 0.10
| (0.25)
|
| Total from investment operations
| 1.55
| 1.09
| (0.21)
|
| Less distributions
|
|
|
|
| From net investment income
| (1.18)
| (0.87)
| —
|
| From net realized gain
| —3
| —
| —
|
| Total distributions
| (1.18)
| (0.87)
| —
|
| Net asset value, end of period4
| $20.38
| $20.01
| $19.79
|
| Total return (%)5,6
| 8.22
| 5.57
| (1.05)7
|
| Ratios and supplemental data
|
|
|
|
| Net assets, end of period (in millions)
| $—8
| $—8
| $—8
|
| Ratios (as a percentage of average net assets):
|
|
|
|
| Expenses before reductions
| 6.009
| 4.96
| 4.7510
|
| Expenses including reductions
| 4.979,11
| 3.35
| 2.7910
|
| Net investment income
| 6.02
| 4.97
| 0.6412
|
| Portfolio turnover (%)
| 68
| 80
| 17
|
| Total debt outstanding end of period (in millions)
| $38
| —
| —
|
| Asset coverage per $1,000 of debt13
| $5,670
| —
| —
|
| 1
| Period from 7-11-22 (commencement of operations) to 10-31-22.
|
| 2
| Based on average monthly shares outstanding.
|
| 3
| Less than $0.005 per share.
|
| 4
| The fund is a continuously offered closed-end fund, the shares of which are offered at net asset value. No secondary market for the fund’s shares exists.
|
| 5
| Total returns would have been lower had certain expenses not been reduced during the applicable periods.
|
| 6
| Does not reflect the effect of sales charges, if any.
|
| 7
| Not annualized.
|
| 8
| Less than $500,000.
|
| 9
| Includes incentive fees expense of 0.71% for the period ended 10-31-24.
|
| 10
| Annualized. Certain expenses are presented unannualized.
|
| 11
| Expenses including reductions excluding interest expense were 4.28% for the period ended 10-31-24.
|
| 12
| Annualized.
|
| 13
| Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end. As debt outstanding changes, the level of invested
assets may change accordingly. Asset coverage ratio provides a measure of leverage.
|
| 67
| JOHN HANCOCK Asset-Based Lending Fund |
| SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|
Notes to consolidated financial statements
Note 1—Organization
John Hancock Asset-Based Lending
Fund (the fund) is a Massachusetts business trust that is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a continuously offered, closed-end management investment company. The
fund’s investment objective is to seek to provide high current income and to a lesser extent capital appreciation. Under normal circumstances, the fund invests 80% of its net assets (plus any borrowings for
investment purposes) in asset-based lending investments, which may include investments in distressed loans.
The fund’s shares are not
listed on any securities exchange. At the sole discretion of the Board and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to
the shareholders by conducting repurchase offers generally quarterly; however, there can be no assurance that any such repurchase offers will be conducted on a quarterly basis or at all.
The fund may offer multiple classes
of shares. The shares currently outstanding are detailed in the Consolidated statement of assets and liabilities. Shares are offered only to accredited investors as defined in Rule 501(a) of Regulation D promulgated
under the Securities Act of 1933 (the 1933 Act). Eligible Investors must also be either U.S. citizens or U.S. resident aliens. 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.
Basis of consolidation. The accompanying consolidated financial statements include the accounts of JH Consumer Loan Trust, JH Residential Whole Loan Trust, JH Residential Whole Loan Trust II, and John Hancock
Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC, each a wholly owned subsidiary of the fund:
• JH Residential Whole Loan Trust, a Delaware statutory trust, was established on October 14, 2022 for the purpose of originating and acquiring residential real estate loans and legacy
mortgage loan pools.
• John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC, a Delaware LLC, was formed on October 18, 2022 and acts as an investment vehicle for the fund to obtain exposure
to commercial aircraft lease transactions.
• JH Consumer Loan Trust, a Delaware statutory trust, was established on November 17, 2022 for the purpose of acquiring consumer loans, high-yield asset-backed securities backed by various
forms of non-mortgage household debt largely focused on select market segments, such as automobile loans and leases, credit cards and personal installment loans, and other types of consumer loans.
• JH Residential Whole Loan Trust II, a Delaware statutory trust, was established on June 5, 2023 for the purpose of originating and acquiring residential real estate loans and legacy
mortgage loan pools.
The fund will generally consolidate
its investment in a wholly or substantially owned subsidiary, which is an extension of the operations of the fund, or a controlled operating company whose business consists of providing services to the fund. The fund
consolidates its investments in JH Consumer Loan Trust, JH Residential Whole Loan Trust, JH Residential Whole Loan Trust II, and John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC. Intercompany
accounts and transactions, if any, have been eliminated. The Consolidated Fund’s investments include positions of the fund and these subsidiaries.
The fund has determined that the
following wholly owned special purpose vehicles are operating companies, and therefore does not consolidate these investments as it is not permitted to consolidate any subsidiary or other entity that is not an
investment company, including those in which the fund has a controlling interest unless the business of the operating company consists of providing services to the fund.
• MSN 803 Trust is a special purpose vehicle purchased by John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC on August 30, 2023, which was established to hold the
title to a commercial aircraft and is currently subject to a lease arrangement.
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 68
|
• JH Aircraft Leasing 4535 (Ireland) Designated Activity Company was established on January 23, 2024 to hold the title to an international commercial aircraft, which is currently subject to
a lease arrangement.
• JH LiftCo, LLC, a Delaware statutory trust, was established on March 4, 2024 for the purpose of holding title to industrial equipment, which is currently subject to a lease
arrangement.
• JH Finance LeaseCo LLC, a Delaware LLC, was formed on May 7, 2024 for the purpose of holding title to industrial equipment, which is currently subject to lease arrangements.
Note 2—Significant accounting policies
The consolidated 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 fund qualifies as an investment company 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 consolidated financial
statements. The following summarizes the significant accounting policies of the fund:
Security valuation. Investments are valued at the end of each month at a minimum pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
In order to value the securities,
the fund uses the following valuation techniques: Debt obligations, are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which
takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker
supplied prices. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Private investments are measured at fair value based on the present value of the expected cash
flows. There are no quoted prices in active markets and valuations rely primarily on the use of significant unobservable inputs, which require significant judgment. Assumptions and inputs used in the valuation include
prepayment estimates, determination of the discount rate based on the risk-free interest rate adjusted for credit risk (including estimation of probability of default), liquidity and any other adjustments a
third-party market participant would take into account in pricing a transaction. 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 whose settlement prices are determined as of the close of the NYSE are typically
valued based on the settlement price while other futures contracts are typically valued at the last traded price on the exchange on which they trade.
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 Advisor’s Pricing Committee following procedures established by the Advisor and
adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used
had a ready market for such securities existed.
The fund uses a three-tier hierarchy
to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities,
including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment
speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities
valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology
| 69
| JOHN HANCOCK Asset-Based Lending Fund |
|
|
used for valuing securities are not necessarily an
indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the
values by input classification of the Consolidated Fund’s investments as of October 31, 2024, by major security category or type:
|
| Total
value at
10-31-24
| Level 1
quoted
price
| Level 2
significant
observable
inputs
| Level 3
significant
unobservable
inputs
|
| Investments in securities:
|
|
|
|
|
| Assets
|
|
|
|
|
| Asset backed securities
| $61,714,092
| —
| $61,714,092
| —
|
| Residential loans
| 36,791,290
| —
| 1,873,367
| $34,917,923
|
| Term loans
| 27,543,381
| —
| —
| 27,543,381
|
| Profit participating notes
| 24,415,734
| —
| —
| 24,415,734
|
| Special purpose vehicles
| 21,863,018
| —
| —
| 21,863,018
|
| Consumer-related assets
| 8,816,475
| —
| 3,054,872
| 5,761,603
|
| Consumer loans
| 8,694,707
| —
| —
| 8,694,707
|
| Corporate asset-based credit
| 5,133,000
| —
| —
| 5,133,000
|
| Credit-linked notes
| 15,634,747
| —
| 3,765,268
| 11,869,479
|
| Purchased options
| 13,250
| $13,250
| —
| —
|
| Short-term investments
| 5,552,869
| 5,483,340
| 69,529
| —
|
| Total investments in securities
| $216,172,563
| $5,496,590
| $70,477,128
| $140,198,845
|
| Liabilities
|
|
|
|
|
| Reverse repurchase agreements
| $(37,655,505)
| —
| $(37,655,505)
| —
|
| Derivatives:
|
|
|
|
|
| Assets
|
|
|
|
|
| Futures
| 138,648
| $138,648
| —
| —
|
The following is a reconciliation of
Level 3 assets for which significant unobservable inputs were used to determine fair value. There were no transfers into or out of Level 3 during the period.
|
| Residential
loans
| Term
loans
| Profit
participating
notes
| Special
purpose
vehicles
| Consumer-
related
assets
| Consumer
loans
| Corporate
asset-
based
credit
| Credit-
linked
notes
| Total
|
| Balance as of 10-31-23
| $22,854,427
| $4,702,267
| —
| $7,806,548
| $4,258,756
| $13,671,209
| $4,980,500
| $2,850,288
| $61,123,995
|
| Purchases
| 39,899,318
| 22,831,739
| $23,914,526
| 14,880,000
| 3,047,500
| —
| —
| 12,967,000
| 117,540,083
|
| Sales
| (29,416,835)
| (56,373)
| (421,431)
| (1,997,074)
| (909,085)
| (3,791,558)
| —
| (3,904,041)
| (40,496,397)
|
| Realized gain (loss)
| 1,073,213
| —
| —
| 4,568
| —
| (1,384,757)
| —
| (49,980)
| (356,956)
|
| Net amortization of (premium) discount
| 190,747
| 50,289
| —
| —
| (99,884)
| (71,263)
| —
| —
| 69,889
|
| Change in unrealized appreciation (depreciation)
| 317,053
| 15,459
| 922,639
| 1,168,976
| (535,684)
| 271,076
| 152,500
| 6,212
| 2,318,231
|
| Balance as of 10-31-24
| $34,917,923
| $27,543,381
| $24,415,734
| $21,863,018
| $5,761,603
| $8,694,707
| $5,133,000
| $11,869,479
| $140,198,845
|
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 70
|
|
| Residential
loans
| Term
loans
| Profit
participating
notes
| Special
purpose
vehicles
| Consumer-
related
assets
| Consumer
loans
| Corporate
asset-
based
credit
| Credit-
linked
notes
| Total
|
| Change in unrealized appreciation (depreciation) at period end1
| $474,312
| $15,459
| $922,639
| $1,168,976
| $(535,684)
| $410,753
| $152,500
| $500
| $2,609,455
|
| 1
| Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end. This balance is included in change in net unrealized appreciation
(depreciation) on the Consolidated statement of operations.
|
The valuation techniques and
significant unobservable inputs used in the fair value measurement of the fund’s Level 3 securities are outlined in the table below.
|
| Fair Value
at 10-31-24
| Valuation technique
| Significant
unobservable inputs
| Input/Range*
| Input weighted
average*
|
| Residential loans
| $34,917,923
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 7.60%-17.66%
$103.25-$348.31
| 9.28%
$138.54
|
| Term loans
| 27,543,381
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 9.18%-14.39%
$98.68-$99.70
| 11.02%
$99.20
|
| Profit participating notes
| 24,415,734
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 12.08%
$100.10
| 12.08%
$100.10
|
| Special purpose vehicles
| 21,863,018
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 10.24%-12.10%
$100.00
| 10.79%
$100.00
|
| Consumer-related assets
| 5,761,603
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 12.06%-20.14%
$26,500.00
| 13.18%
$26,500.00
|
| Consumer loans
| 8,694,707
| Discounted cash flow
| Discount rate
| 7.26%-9.58%
| 8.04%
|
| Corporate asset-based credit
| 5,133,000
| Discounted cash flow
| Discount rate
| 11.60%
| 11.60%
|
| Credit-linked notes
| 11,869,479
| Discounted cash flow
Recent transaction
| Discount rate
Transaction price
| 10.47%-13.01%
$100.00
| 11.54%
$100.00
|
| Total
| $140,198,845
|
|
|
|
|
*A weighted average is an average in
which each input in the grouping is assigned a weighting before summing to a single average value. The weighting of the input is determined based on a security’s fair value as a percentage of the total fair
value.
A change to unobservable inputs of
the fund’s Level 3 securities as of October 31, 2024 could have resulted in changes to the fair value measurement, as follows:
| Significant unobservable input
| Impact to Valuation
if input had increased
| Impact to Valuation
if input had decreased
|
| Discount rate
| Decrease
| Increase
|
| Transaction price
| Increase
| Decrease
|
Reverse repurchase agreements. The fund may enter into reverse repurchase agreements. In a reverse repurchase agreement, the fund delivers a security, as collateral, in exchange for cash to a financial institution, the
counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed upon price and date. The fund is entitled to receive principal and interest payments, if any, made on
the security delivered to the counterparty during the term of the agreements. In addition, cash collateral received from the counterparty to cover appreciation on the underlying security, if any, is shown on the
Consolidated statement of assets and liabilities as Payable for collateral on open reverse repurchase agreements. Obligation to repay cash received by a fund, if any, is shown on the Consolidated statement of assets
and liabilities as Payable for open reverse repurchase agreements.
| 71
| JOHN HANCOCK Asset-Based Lending Fund |
|
|
Because reverse repurchase
agreements may be considered to be the practical equivalent of borrowing funds (and the counterparty making a loan), they constitute a form of leverage. In the event of a default by the counterparty, recovery of the
security transferred by the fund may be delayed or the fund may incur a loss equal to the amount by which the value of the security transferred by the fund exceeds the repurchase price payable by the fund.
The following table summarizes the
open reverse repurchase agreements at October 31, 2024:
| Counterparty
| Borrowing
rate
| Settlement
date
| Maturity
date
| Amount
borrowed
| Payable for
reverse
repurchase
agreements
|
| J.P. Morgan Securities LLC
| 5.490%
| 10-30-24
| 12-2-24
| $(965,280)
| $(965,574)
|
| J.P. Morgan Securities LLC
| 5.580%
| 10-18-24
| 11-18-24
| (1,423,000)
| (1,426,088)
|
| J.P. Morgan Securities LLC
| 5.640%
| 10-7-24
| 11-7-24
| (6,311,000)
| (6,335,718)
|
| J.P. Morgan Securities LLC
| 5.680%
| 10-18-24
| 11-18-24
| (2,800,000)
| (2,806,185)
|
| J.P. Morgan Securities LLC
| 5.740%
| 10-30-24
| 12-2-24
| (1,586,720)
| (1,587,226)
|
| Royal Bank of Canada
| 5.990%
| 10-25-24
| 11-25-24
| (2,564,000)
| (2,566,986)
|
| UBS AG
| 5.500%
| 10-23-24
| 11-22-24
| (902,050)
| (903,290)
|
| UBS AG
| 5.530%
| 10-31-24
| 12-2-24
| (8,560,685)
| (8,562,000)
|
| UBS AG
| 5.580%
| 10-18-24
| 11-18-24
| (1,757,952)
| (1,761,767)
|
| UBS AG
| 5.680%
| 10-9-24
| 11-8-24
| (5,904,670)
| (5,926,097)
|
| UBS AG
| 5.780%
| 10-9-24
| 11-8-24
| (2,924,559)
| (2,935,359)
|
| UBS AG
| 5.780%
| 10-18-24
| 11-18-24
| (1,875,000)
| (1,879,215)
|
|
|
|
|
|
| $(37,655,505)
|
Collateral with a market value of
$16,017,397, $3,530,493 and $27,433,170, have been pledged to J.P. Morgan Securities LLC, Royal Bank of Canada and UBS AG, respectively, in connection with open reverse repurchase agreements. The average borrowings by
the fund and the weighted average interest rate for the period the fund entered into reverse repurchase agreements amounted to $28,934,190 and 6.46%, respectively.
When-issued/delayed-delivery
securities. The fund may purchase or sell securities on a when issued or delayed delivery basis with delivery or payment to occur at a later date beyond the normal period. At the time the fund
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
fund enters into this type of transaction, the fund 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.
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 72
|
Term loans. The fund may invest in direct term loans which are not publicly traded, may not have a secondary market, and are not rated by any rating agency. Direct term loans can be asset-based loans
secured by collateral such as transportation assets, real estate, consumer or corporate related assets, or other assets. These loans are highly structured and typically include frequent monitoring including but not
limited to financial and collateral reporting.
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. The fund’s 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 fund is exposed to the risk that the borrower may default or become insolvent
and, consequently, that the fund will lose money on the loan. Furthermore, direct loans may subject the fund to liquidity and interest rate risk as certain direct loans may be deemed illiquid.
At October 31, 2024, the fund had
$3,294,933 in unfunded loan commitments outstanding.
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 portfolio 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 also have the risk that the portfolio 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 fund 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 fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s 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 fund’s 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 fund is 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.
Credit-linked notes. The fund may purchase credit-linked notes, which are typically privately offered and sold. Credit-linked notes are intended to replicate the economic effects that would apply had the fund
directly purchased the underlying reference asset(s). Investments in credit-linked notes represent the right to receive periodic income payments and payment of principal at the end of the term of the note. In addition
to the risks associated with the underlying reference instrument, an investment in a credit-linked note is also subject to liquidity risk, market risk, interest rate risk and the risk that the counterparty will be
unwilling or unable to meet its obligations under the note.
| 73
| JOHN HANCOCK Asset-Based Lending Fund |
|
|
Escrow and corporate advances. The fund advances payments when the borrower fails to meet contractual payments (e.g. property taxes and insurance) in accordance with the terms of its servicing agreements and to cover
corporate advances (e.g. appraisal or title fees) associated with residential loans. Advances are fair valued based on assumptions related to their recoverability and seniority in the claims hierarchy in the event of
a liquidation and are reflected on the Consolidated statement of assets and liabilities as Receivable for escrow and corporate advances, at value. Change in value, if any, is reflected in the change in net unrealized
appreciation (depreciation) of unaffiliated investments and receivables on the Consolidated statement of operations.
Security transactions and related
investment income. Investment security transactions are accounted for on a trade date plus one basis for 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. Dividend income from the funds
short-term investments is recorded on ex-date. Distributions from investments in private operating companies are reflected as dividend income. Return of capital distributions from private operating companies, if any,
are treated as a reduction of cost. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Overdrafts. Pursuant to the custodian agreement, the fund’s custodian may, in its discretion, advance funds to the fund to make properly authorized payments. When such payments result in an
overdraft, the fund is obligated to repay the custodian for any overdraft, including any costs or expenses associated with the overdraft. The custodian may have a lien, security interest or security entitlement in any
fund property that is not otherwise segregated or pledged, to the maximum extent permitted by law, to the extent of any overdraft.
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a
specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund’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 fund level and allocated 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 at the class level based on the net assets of each class and the specific expense rates applicable to each
class.
Federal income taxes. The fund 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.
For federal income tax purposes, as
of October 31, 2024, the fund has a long-term capital loss carryforward of $4,946 available to offset future net realized capital gains. This carryforward does not expire.
The fund has two domestic taxable
subsidiaries – John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC and JH LiftCo, LLC (the “Domestic Taxable Subsidiaries”). These entities have elected to be treated as
corporations for US income tax purpose and are subject to both federal and state level corporate income taxes. The purposes of the taxable subsidiaries are to permit the fund to gain exposure to commercial aircraft
and industrial equipment lease transactions for U.S. federal income tax purposes in order to comply with the Regulated Investment Company tax compliance requirements. The net investment income and capital gains
and losses from the Domestic Taxable Subsidiaries do not always flow through to the fund and these entities may pay dividends up to the fund. The Domestic Taxable Subsidiaries are not consolidated for income tax
purposes and may generate income that is subject to federal, state, and local taxes.
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 74
|
The fund has one foreign taxable
subsidiary - JH Aircraft Leasing 4535 (Ireland) Designated Activity Company. The subsidiary is not consolidated for financial reporting purpose. The purpose of the taxable subsidiary is to permit the fund to
gain exposure to international commercial aircraft lease transactions. The subsidiary is classified as a controlled foreign corporation under the Internal Revenue Code and is subject to sub part F income rules.
Therefore, the fund is required to increase its taxable income by its share of the subsidiary’s net taxable income. Net income and realized gains from the subsidiary are treated as ordinary income for tax
purposes. If a net loss is realized by the subsidiary in any taxable year, the loss will generally not be available to offset the fund’s ordinary income and/or capital gains for that year.
Generally, the Domestic Taxable
Subsidiaries, which file separate tax returns, are subject to income tax examinations by U.S. federal, state and local authorities for all years through October 31, 2024. The Domestic Taxable Subsidiaries assess
their tax position using the provisions of ASC 740, Income Taxes, with regard to uncertain tax positions. Uncertain income tax positions are recognized based on a “more likely than not” threshold.
Penalties and interest are recognized in the Provision for Income Taxes in the Statements of Income and Comprehensive Income. The Domestic Taxable Subsidiaries are not aware of any tax positions for significant
unrecognized tax benefits, and do not believe it is reasonably possible that, within the next twelve months, unrecognized domestic tax benefits will change by a significant amount. As of October 31, 2024, no liability
for interest and penalties have been recognized.
Deferred income taxes reflect the
net effects of temporary differences between financial reporting and tax basis of assets and liabilities. These temporary differences result in taxable or deductible amounts in future years and are measured using the
tax rates and laws that will be in effect when such differences are expected to reverse.
As noted in “Basis of
consolidation” in Note 1 in the Notes to consolidated financial statements, the fund consolidates its investment in John Hancock Asset-Based Lending US Aircraft Delaware Subsidiary Fund LLC and does not
consolidate JH LiftCo, LLC. Both Domestic Taxable Subsidiaries are not eligible to elect treatment as regulated investment companies. The amount of taxes paid by Domestic Taxable Subsidiaries will vary
depending on the amount of capital appreciation of its investments and such taxes will reduce a fund shareholders return from an investment in the fund. For any unconsolidated subsidiary, the impact of deferred income
taxes will be incorporated into the market value of the investment. Upon the sale of an investment, the Domestic Taxable Subsidiaries may be liable for previously deferred taxes.
As of October 31, 2024, the fund had
no uncertain tax positions that would require consolidated financial statement recognition, derecognition or disclosure. The fund’s federal tax returns are subject to examination by the Internal Revenue Service
for a period of three years.
The components of the fund’s
income tax provision (benefit) for the year ended October 31, 2024, are as follows:
| Current income tax (benefit)
|
|
| State and local
| $800
|
| Total Current income tax (benefit)
| $800
|
| Deferred income tax
|
|
| Federal
| $168,877
|
| State and local
| 19,304
|
| Total deferred income tax (benefit)
| $188,181
|
| Provision for income taxes
| $188,981
|
|
|
|
| The provision for income taxes is reconciled to the amount determined by applying the statutory federal income tax rate to income
before taxes as follows:
|
| Year ended October 31, 2024
|
|
| 75
| JOHN HANCOCK Asset-Based Lending Fund |
|
|
| Federal income tax at the statutory rate
| $171,875
|
| State income tax (net of federal benefit)
| 15,882
|
| Other
| 1,224
|
| Provision for income taxes
| $188,981
|
|
|
|
| Amounts reported in the consolidated financial statements and the tax basis of assets and liabilities result in temporary
differences. The deferred tax assets (liabilities) consist of the following:
|
| As of October 31. 2024
|
|
| Deferred tax assets
|
|
| Net operating loss
| $270,994
|
| Audit fees
| 3,810
|
| Deferred tax liabilities
|
|
| Depreciation
| (491,826)
|
| Total
| $(217,022)
|
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 fund generally declares and pays dividends quarterly. Capital
gain distributions, if any, are typically distributed annually.
The tax character of distributions
for the years ended October 31, 2024 and 2023 was as follows:
|
| October 31, 2024
| October 31, 2023
|
| Ordinary income
| $10,569,110
| $5,669,333
|
| Long-term capital gains
| 23,833
| —
|
| Total
| $10,592,943
| $5,669,333
|
Distributions paid by the fund 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. As of October
31, 2024, the components of distributable earnings on a tax basis consisted of $1,167,757 of undistributed ordinary income.
Such distributions and distributable
earnings, 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
fund’s consolidated financial statements as a return of capital.
Capital accounts within the
consolidated 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 derivative transactions, taxable subsidiary and non-deductible start up costs.
Note 3—Derivative instruments
The fund may invest in derivatives
in order to meet its 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 fund is 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.
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 76
|
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 fund than OTC transactions. The exchange or clearinghouse stands between
the fund 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.
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 Consolidated statement of assets and liabilities. Use of long futures contracts subjects the fund to the
risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.
Upon entering into a futures
contract, the fund is 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 fund, if any, is detailed in the Consolidated statement of assets and
liabilities as Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Consolidated Fund’s investments. Subsequent payments, referred to as variation
margin, are made or received by the fund 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
fund. Receivable for futures variation margin is included on the Consolidated statement of assets and liabilities. When the contract is closed, the fund records 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.
During the year ended October 31,
2024, the fund used futures contracts to manage against changes in interest rates. The fund held futures contracts with USD notional values ranging from $6.8 million to $8.9 million, as measured at each
quarter end.
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 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 fund’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the fund’s 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 Consolidated statement of assets and liabilities. In addition, OTC options are subject to the risks of all OTC
derivatives contracts.
Purchased options are included in
the Fund’s investments and are subsequently “marked-to-market” to reflect current market value. If a purchased option expires, the fund 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).
During the year ended October 31,
2024, the fund used purchased options contracts to manage against changes in interest rates. The fund held purchased options contracts with market values ranging up to $13,000, as measured at each quarter
end.
Fair value of derivative instruments
by risk category
The table below summarizes the fair
value of derivatives held by the fund and its subsidiaries at October 31, 2024 by risk category:
| 77
| JOHN HANCOCK Asset-Based Lending Fund |
|
|
| Risk
| Consolidated statement of assets
and liabilities
location
| Financial
instruments
location
| Assets
derivatives
fair value
| Liabilities
derivatives
fair value
|
| Interest rate
| Receivable/payable for futures variation margin1
| Futures
| $138,648
| —
|
| Interest rate
| Unaffiliated investments, at value2
| Purchased options
| 13,250
| —
|
|
|
|
| $151,898
| —
|
| 1
| Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Consolidated Fund’s investments. Only the year end variation margin
receivable/payable is separately reported on the Consolidated statement of assets and liabilities.
|
| 2
| Purchased options are included in Consolidated Fund’s investments.
|
Effect of derivative instruments on
the Consolidated statement 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 year ended October 31, 2024:
|
| Consolidated statement of operations location - Net realized gain (loss) on:
|
| Risk
| Futures contracts
|
| Interest rate
| $65,866
|
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 year ended October 31, 2024:
|
| Consolidated statement of operations location - Change in net unrealized appreciation (depreciation) of:
|
| Risk
| Unaffiliated
investments and
translation of assets
and liabilities in
foreign currencies1
| Futures contracts
| Total
|
| Interest rate
| $(15,706)
| $106,802
| $91,096
|
| 1
| Change in net unrealized appreciation (depreciation) associated with purchased options is included in this caption on the Statement of operations.
|
Note 4—Guarantees and indemnifications
Under the fund’s
organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund
enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made
against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 5—Fees and transactions with affiliates
John Hancock Investment Management
LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as distributor and principal underwriter of the
fund. 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. The fund has an investment management agreement with the Advisor under which the fund pays the Advisor a fee, calculated and paid monthly, at an annual rate of 1.35% of the
fund’s average monthly managed assets (managed assets means the total assets of the fund (including any assets attributable to any
|
| | JOHN HANCOCK Asset-Based Lending Fund
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|
preferred shares that may be issued or to
indebtedness), minus the fund’s liabilities incurred in the normal course of operations other than liabilities relating to indebtedness). Pursuant to a subadvisory agreement, the Advisor (and not the fund) has
agreed to pay a subadvisory fee directly to Marathon Asset Management LP (the Subadvisor).
The Advisor contractually agreed to
waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate managed assets of all
the funds participating in the waiver or reimbursement. This waiver is allocated proportionally among the participating funds. During the year ended October 31, 2024, this waiver amounted to 0.01% of the fund’s
average monthly managed assets, on an annualized basis. This agreement expires on July 31, 2026, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under
the circumstances at that time.
The Advisor has contractually agreed
to reduce its management fee for the fund or, if necessary, make payment to the fund, in an amount equal to the amount by which the following expenses of the fund, incurred in the ordinary course of the fund’s
business, exceed 0.60% percent of average monthly net assets (on an annualized basis) of the fund: (a) administrative fees; (b) custody and accounting fees; (c) audit fees; (d) legal fees; (e) independent trustee fees;
(f) pricing services fees; (g) blue sky fees; (h) insurance premiums; (i) printing costs; (j) registration and filing expenses; (k) organization and offering expenses; (l) transfer agent fees and service fees; and
(m) other miscellaneous ordinary expenses, but excluding management and incentive fees, interest expense, 12b-1 fees, any cashiering or other investment servicing fees; litigation and indemnification expenses and
other extraordinary expenses not incurred in the ordinary course of the business of the fund; taxes; short dividends, acquired fund fees and expenses (based on indirect net expenses associated with the fund’s
investments in underlying investment companies); class specific expenses; portfolio brokerage commissions; expenses related to, or incurred by, special purpose vehicles or other subsidiaries of the fund held directly
or indirectly by the fund; expenses, including legal expenses, related to investments of the fund; and expenses, including legal expenses, related to co-investment transactions involving the fund. This agreement
expires on February 28, 2025, unless renewed by mutual agreement of the Advisor and the fund based upon a determination that this is appropriate under the circumstances at that time.
For the year ended October 31, 2024,
the expense reductions described above amounted to the following:
| Class
| Expense reduction
|
| Class I
| $1,658,985
|
| Class D
| 856
|
| Class
| Expense reduction
|
| Class S
| $529
|
| Total
| $1,660,370
|
Expenses waived or
reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management
fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2024, were equivalent to a net annual effective rate of 0.44% of the fund’s average
monthly managed assets.
Incentive fee. The fund has agreed to pay the Advisor an Incentive Fee based upon pre-incentive fee net investment income. The incentive fee shall be calculated and accrued on a monthly basis while being
determined and payable in arrears as of the end of each fiscal quarter. The calculation of the incentive fee for each fiscal quarter is as follows:
• No incentive fee shall be payable in any fiscal quarter in which the pre-incentive fee net investment income attributable to each class does not exceed a quarterly return of 1.25% per
quarter based on each class’s average beginning monthly net assets for the applicable quarterly payment period (calculated in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if
applicable during the payment period) (the “Quarterly Return”), or 5.00% annualized;
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| JOHN HANCOCK Asset-Based Lending Fund |
|
|
• All pre-incentive fee net investment income attributable to each class (if any) that exceeds the Quarterly Return, but is less than or equal to 1.4286% of the average beginning monthly
net assets of that each class (calculated in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if applicable during the payment period) for the fiscal quarter (5.714% annualized), shall be
payable to the Advisor; and
• For any fiscal quarter in which pre-incentive fee net investment income attributable to each class exceeds 1.4286% of each class’s average beginning monthly net assets (calculated
in accordance with US GAAP and gross of any accrued (but unpaid) performance fee if applicable during the payment period), the incentive fee with respect to each class shall equal 12.5% of pre-incentive fee net
investment Income attributable to each class.
The incentive fee went into effect
beginning on February 1, 2024.
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping
services to the fund, 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 year ended October 31, 2024, amounted to an annual rate of 0.02% of the fund’s average monthly net
assets.
Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes pursuant to Rule 12b-1 under the 1940 Act, to pay the
Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for Class D shares and Class S shares, the fund pays for certain other services. The fund may pay
distribution and service fees, expressed as an annual percentage of average monthly net assets for each class of the fund’s shares, up to 0.25% for Class D shares and 0.85% (including up to 0.25% for service
fees) for Class S shares.
Sales charges. Class D shares may be subject to a sales charge of up to 1.50% and Class S shares may be subject to a sales charge of up to 3.50%. Such sales load will be subtracted from the investment
amount and will not form part of an investor’s investment in the fund. The sales load may be waived in certain circumstances at the Advisor’s discretion. During the year ended October 31, 2024, no
sales charges were assessed.
Early repurchase fee. For all share classes, a 2.00% early repurchase fee payable to the fund will be charged with respect to the repurchase of a shareholder’s shares at any time prior to the day
immediately preceding the one-year anniversary of the shareholder’s purchase of the Shares (on a “first in-first out” basis). The early repurchase fee will be retained by the fund for the benefit of
the remaining shareholders.
Class level expenses. Class level expenses for the year ended October 31, 2024 were as follows:
| Class
| Distribution and service fees
|
| Class I
| —
|
| Class D
| $175
|
| Class S
| 437
|
| Total
| $612
|
Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates.
Co-investment. Pursuant to an Exemptive Order issued by the SEC on September 26, 2022, the fund is permitted to negotiate certain investments with entities with which it would be restricted from doing so
under the 1940 Act, such as the Subadvisor and its affiliates. The fund is permitted to co-invest with affiliates if certain conditions are met. Under the order, the fund will be permitted to co-invest with affiliates
if a “required majority” (as defined in the 1940 Act) of the fund’s independent Trustees make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the
transactions, including the consideration to be paid,
|
| | JOHN HANCOCK Asset-Based Lending Fund
| 80
|
are reasonable and fair to the fund and its
shareholders and do not involve overreaching of the fund or its shareholders by any person concerned and (2) the transaction is consistent with the interests of shareholders and is consistent with the fund’s
investment objective and strategies. During the year ended October 31, 2024, investments entered into by the fund pursuant to the exemptive order amounted to approximately $31.0 million, including unfunded commitments
of $4.8 million.
Note 6—Fund share transactions
The fund currently accepts purchases
of shares as of the last business day of each calendar month. Transactions in fund shares for the years ended October 31, 2024 and 2023 were as follows:
|
| Year Ended 10-31-24
| Year Ended 10-31-23
|
|
| Shares
| Amount
| Shares
| Amount
|
| Class I shares
|
|
|
|
|
| Sold
| 2,931,140
| $59,114,692
| 589,257
| $11,867,997
|
| Distributions reinvested
| 76,456
| 1,542,329
| 80,082
| 1,584,148
|
| Repurchased
| (12,855)
| (260,959)
| —
| —
|
| Net increase
| 2,994,741
| $60,396,062
| 669,339
| $13,452,145
|
| Class D shares
|
|
|
|
|
| Sold
| 3,177
| $65,000
| —
| —
|
| Distributions reinvested
| 80
| 1,617
| 32
| $631
|
| Net increase
| 3,257
| $66,617
| 32
| $631
|
| Class S shares
|
|
|
|
|
| Distributions reinvested
| —
| —
| 25
| $489
|
| Net increase
| —
| —
| 25
| $489
|
| Total net increase
| 2,997,998
| $60,462,679
| 669,396
| $13,453,265
|
Affiliates of the fund owned 29%,
44% and 100% of shares of Class I, Class D and Class S, respectively on October 31, 2024. As of October 31, 2024, the Subadvisor held 29% of the fund (Class I). Such concentration of shareholders’ capital could
have a material effect on the fund if such shareholders redeem from the fund.
At the sole discretion of the Board
of Trustees and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to the shareholders by conducting repurchase offers or take
any other action permitted by the tender offer rules under 1934 Act, and described in the written tender offer notice that will be provided to shareholders for each repurchase offer. In determining whether the fund
should offer to repurchase shares from shareholders (generally no more than 5% of shares outstanding), the Board of Trustees will consider the recommendations of the Advisor as to the timing of such an offer, as well
as a variety of operational, business and economic factors. The Advisor currently expects that it will generally recommend to the Board of Trustees that the fund offer to repurchase shares from shareholders quarterly
with tender offer valuation dates occurring on the last business day of March, June, September and December (each, a “Valuation Date”); however, there can be no assurance that any such tender offers will
be conducted on a quarterly basis or at all. The fund is not required to conduct tender offers and may be less likely to conduct tenders during periods of exceptional market conditions. The fund conducted one
quarterly repurchase offer during the year ended October 31, 2024. The fund offered to repurchase shares in an amount up to $8,453,385 as of the valuation date for the repurchase offer, September 30, 2024 ($20.30).
$260,959 and 12,855 shares for Class I were tendered and accepted by the fund.
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| JOHN HANCOCK Asset-Based Lending Fund |
|
|
Note 7—Purchase and sale of securities
Purchases and sales of securities,
other than short-term investments, amounted to $216,806,282 and $115,340,346, respectively, for the year ended October 31, 2024.
Note 8—Investment by affiliated funds
Certain investors in the fund are
affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a
significant portion of the fund’s net assets. At October 31, 2024, funds within the John Hancock group of funds complex held 17.2% of the fund’s net assets. The following fund(s) had an affiliate ownership
of 5% or more of the fund’s net assets:
| Fund
| Affiliated Concentration
|
| Manulife Private Credit Plus Fund
| 17.2%
|
Note 9—Investments in affiliates
As of October 31, 2024, investments
in affiliates consist of the following:
| •
| The fund holds 100% of the profit participating notes issued by JH Aircraft Leasing 4535 (Ireland) Designated Activity Company.
|
| •
| The fund holds 100% of the limited liability company interests in JH Finance LeaseCo, LLC.
|
| •
| The fund holds 100% of the limited liability company interests in JH LiftCo, LLC.
|
| •
| The fund holds 100% of the beneficial ownership interest in MSN 803 Trust as an owner participant.
|
Information regarding the
funds’ fiscal year to date purchases and sales of the affiliated investments as well as income and capital gains earned by the fund, if any, is as follows:
|
|
|
|
|
|
|
| Dividends and distributions
|
| Affiliate
| Ending
share
amount
| Beginning
value
| Cost of
purchases
| Proceeds
from shares
sold
| Realized
gain
(loss)
| Change in
unrealized
appreciation
(depreciation)
| Income
distributions
received
| Capital gain
distributions
received
| Ending
value
|
| JH Aircraft Leasing 4535 (Ireland) Designated Activity Company
| 20,897,863
| —
| $20,918,863
| $(421,431)
| —
| $922,639
| —
| —
| $21,420,071
|
| JH Finance LeaseCo LLC
| 7,332,249
| —
| 8,035,000
| (707,319)
| $4,568
| 60,033
| $357,804
| —
| 7,392,282
|
| JH Liftco LLC
| 6,845,000
| —
| 6,845,000
| (444,985)
| —
| (256,053)
| 352,045
| —
| 6,143,962
|
| MSN 803 Trust
| 7,882,217
| $7,806,548
| —
| (844,770)
| —
| 1,364,996
| 191,251
| —
| 8,326,774
|
|
|
|
|
|
| $4,568
| $2,091,615
| $901,100
| —
| $43,283,089
|
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| | JOHN HANCOCK Asset-Based Lending Fund
| 82
|
Report of Independent
Registered Public Accounting Firm
To the Shareholders and
Board of Trustees of John Hancock Asset-Based Lending Fund
Opinion on the Financial
Statements
We have audited the
accompanying consolidated statement of assets and liabilities of John Hancock Asset-Based Lending Fund (the “Fund”), including the consolidated Fund’s investments, as of October 31, 2024, and the
related consolidated statements of operations and cash flows for the year then ended, the consolidated statement of changes in net assets for each of the two years in the period then ended, and the consolidated
financial highlights for each of the two years in the period then ended and the period from July 11, 2022 (commencement of operations) to October 31, 2022 and the related notes (collectively referred to as the
“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the consolidated financial position of the Fund at October 31, 2024, the consolidated results of
its operations and cash flows for the year then ended, the consolidated changes in its net assets for each of the two years in the period then ended and its consolidated financial highlights for each of the two years
in the period then ended and the period from July 11, 2022 (commencement of operations) to October 31, 2022, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial
statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered
with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the
applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits
in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement,
whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of the Fund’s internal control over financial reporting. As part of our audits, we are required to
obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly,
we express no such opinion.
Our audits included
performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining,
on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2024, by correspondence with the custodian,
brokers and others; when replies were not received from brokers and others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the
auditor of one or more John Hancock investment companies since 2019.
December 23, 2024
| 83
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
(Unaudited)
For federal income tax purposes, the
following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended October 31, 2024.
The fund reports the maximum amount
allowable of its net taxable income as eligible for the corporate dividends-received deduction.
The fund reports the maximum amount
allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
The fund reports the maximum amount
allowable as Section 163(j) Interest Dividends.
The fund paid $23,833 in long-term
capital gain dividends.
The fund reports the maximum amount
allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).
Eligible shareholders will be mailed
a 2024 Form 1099-DIV in early 2025. This will reflect the tax character of all distributions paid in calendar year 2024.
Please consult a tax advisor regarding
the tax consequences of your investment in the fund.
|
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 84
|
ADDITIONAL INFORMATION
Unaudited
The fund is a continuously offered,
non-diversified, closed-end management investment company, shares of which were initially offered to the public in July 2022.
Dividends and distributions
During the year ended October 31,
2024, distributions from net investment income totaling $1.3478, $1.2971 and $1.1755 per share were paid to shareholders for Class I, Class D and Class S, respectively. Additionally,distributions from capital gains
totaling $0.0035, $0.0035 and $0.0035 per share were paid to shareholders for Class I, Class D and Class S, respectively. The dates of payments and the amounts per share for each class were as follows:
| Income Distributions;
|
|
|
|
| Payment Date
| Class I
| Class D
| Class S
|
| January 23, 2024
| $0.4501
| $0.4375
| $0.4070
|
| April 19, 2024
| 0.1894
| 0.1767
| 0.1465
|
| July 22, 2024
| 0.3417
| 0.3291
| 0.2989
|
| October 21, 2024
| 0.3666
| 0.3538
| 0.3231
|
| Total
| $1.3478
| $1.2971
| $1.1755
|
| Additional Distributions:
|
|
|
|
| Payment Date
| Class I
| Class D
| Class S
|
| January 23, 2024
| $0.0035
| $0.0035
| $0.0035
|
| Total
| $1.3513
| $1.3006
| $1.1790
|
Dividend reinvestment plan
Pursuant to the Dividend
Reinvestment Plan (DRP) established by the fund, each shareholder will automatically be a participant under the DRP and have all income distributions, whether dividend distributions or capital gains distributions,
automatically reinvested in additional shares. Election not to participate in the DRP and to receive all income distributions, whether dividend distributions or capital gains distributions, in cash may be made by
notice to a shareholder’s intermediary (who should be directed to inform the fund). A shareholder is free to change this election at any time. If, however, a shareholder elects to change its election within 95
days prior to a distribution, the request will be effective only with respect to distributions after the 95-day period. A shareholder whose shares are registered in the name of a nominee (such as an intermediary) must
contact the nominee regarding its status under the DRP, including whether such nominee will participate on such shareholder’s behalf as such nominee will be required to make any such election.
Generally, for U.S. federal income
tax purposes, shareholders receiving shares under the DRP will be treated as having received a distribution equal to amount payable to them in cash as a distribution had the shareholder not participated in the DRP.
Shares will be issued pursuant to
the DRP at their NAV determined on the next valuation date following the ex-dividend date (the last date of a dividend period on which an investor can purchase shares and still be entitled to receive the dividend).
There is no sales load or other charge for reinvestment. A request for change of participation/non-participation status in the DRP must be received by the fund within the above timeframe to be effective for that
dividend or capital gain distribution. The fund may terminate the DRP at any time upon written notice to the participants in the DRP. The fund may amend the DRP at any time upon 30 days’ written notice to the
participants. Any expenses of the DRP will be borne by the fund.
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| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
A shareholder holding shares that
participate in the DRP in a brokerage account may not be able to transfer the shares to another broker and continue to participate in the DRP. For further information on the DRP contact the fund at 800-225-6020.
Shareholder communication and
assistance
If you have any questions concerning
the fund, we will be pleased to assist you. If you hold shares in your own name and not with a brokerage firm, please address all notices, correspondence, questions or other communications regarding the fund to the
transfer agent at:
Regular Mail:
SS&C GIDS, Inc.
80 Lamberton Road
Windsor, Connecticut 06095
Registered or Overnight Mail:
SS&C GIDS, Inc.
80 Lamberton Road
Windsor, Connecticut 06095
If your shares are held with a
brokerage firm, you should contact that firm, bank or other nominee for assistance.
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| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 86
|
This chart
provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the
Trustees.
| Independent Trustees
|
|
|
Name, year of birth
Position(s) held with Fund
Principal occupation(s) and other
directorships during past 5 years
| Trustee
of the
Fund
since1
| Number of John
Hancock funds
overseen by
Trustee
|
| Hassell H. McClellan,2 Born: 1945
| 2022
| 185
|
| Trustee and Chairperson of the Board
|
|
|
| Trustee of Berklee College of Music (since 2022); Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); Associate
Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee (since 2005) and Chairperson of the Board (since 2017) of various trusts within the John Hancock Fund Complex.
|
| William H. Cunningham,2 Born: 1944
| 2022
| 182
|
| Trustee
|
|
|
| Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of
Texas, Austin, Texas; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
|
| Grace K. Fey,2 Born: 1946
| 2022
| 185
|
| Trustee
|
|
|
| Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988–2007); Director,
Fiduciary Trust (since 2009). Trustee of various trusts within the John Hancock Fund Complex (since 2008).
|
| Non-Independent Trustees3
|
|
|
Name, year of birth
Position(s) held with Fund
Principal occupation(s)
during past 5 years
| Trustee
of the
Fund
since1
| Number of John
Hancock funds
overseen by
Trustee
|
| Andrew G. Arnott, Born: 1971
| 2022
| 182
|
| President and Non-Independent Trustee
|
|
|
| Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and
Chairman, John Hancock Investment Management LLC (2005-2023, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (2006-2023, including prior positions); Director and Chairman,
John Hancock Investment Management Distributors LLC (2004-2023, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2007, including prior positions). Trustee of various
trusts within the John Hancock Fund Complex (since 2017).
|
| 87
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
| Principal officers who are not Trustees
|
|
Name, year of birth
Position(s) held with Fund
Principal occupation(s)
during past 5 years
| Current
Position(s)
with the
Fund
since
|
| Fernando A. Silva, Born: 1977
| 2022
|
| Chief Financial Officer
|
|
| Director, Fund Administration and Assistant Treasurer, John Hancock Funds (2016-2020); Assistant Treasurer, John Hancock Investment Management LLC and
John Hancock Variable Trust Advisers LLC (since 2020); Assistant Vice President, John Hancock Life & Health Insurance Company, John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company
of New York (since 2021); Chief Financial Officer of various trusts within the John Hancock Fund Complex (since 2024) .
|
| Salvatore Schiavone, Born: 1965
| 2022
|
| Treasurer
|
|
| Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Investment Management LLC and John Hancock
Variable Trust Advisers LLC (since 2007); Treasurer of various trusts within the John Hancock Fund Complex (since 2007, including prior positions).
|
| Christopher (Kit) Sechler, Born: 1973
| 2022
|
| Secretary and Chief Legal Officer
|
|
| Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel
(2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of
various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
|
| Trevor Swanberg, Born: 1979
| 2022
|
| Chief Compliance Officer
|
|
| Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock
Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); Assistant Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC
(2016–2019); Vice President, State Street Global Advisors (2015–2016); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).
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The business
address for all Trustees and Officers is 200 Berkeley Street, Boston, Massachusetts 02116-5023.
The Statement
of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-6020.
| 1
| Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee’s death, retirement, resignation, or removal.
|
| 2
| Member of the Audit Committee.
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| 3
| The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.
|
|
| | JOHN HANCOCK ASSET-BASED LENDING FUND
| 88
|
Trustees
Hassell H. McClellan,
Chairperson*
Andrew G. Arnott†
William H. Cunningham*
Grace K. Fey*
Officers
Andrew G. Arnott†
President
Fernando A. Silva‡
Chief Financial Officer
Salvatore Schiavone
Treasurer
Christopher (Kit) Sechler
Secretary and Chief Legal Officer
Trevor Swanberg
Chief Compliance Officer
Investment advisor
John Hancock Investment Management
LLC
Subadvisor
Marathon Asset Management LP
Portfolio Managers
Ed Cong
Louis Hanover
Andrew Springer
Principal distributor
John Hancock Investment Management
Distributors LLC
Custodian
State Street Bank and Trust
Company
Transfer agent
SS&C GIDS, Inc.
Legal counsel
K&L Gates LLP
Independent registered public
accounting firm
Ernst & Young LLP
† Non-Independent Trustee
* Member of the Audit Committee
‡ Effective July 1, 2024.
The fund’s proxy
voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at
sec.gov or on our website.
All of the fund’s
holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund’s Form N-PORT filings are available on our
website and the SEC’s website, sec.gov.
We make this information
on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-6020.
The report is certified
under the Sarbanes-Oxley Act, which requires closed-end funds and other public companies to affirm that, to the best of their knowledge, the information in their financial reports is fairly and accurately stated in
all material respects.
| You can also contact us:
|
|
|
| 844-292-8018
| Regular mail:
| Express mail:
|
| jhinvestments.com
| John Hancock Alt
P.O. Box 219285
Kansas City, MO 64121-9285
| John Hancock Alt
430 W 7th Street Suite 219285
Kansas City, MO 64105-1407
|
| 89
| JOHN HANCOCK ASSET-BASED LENDING FUND |
|
|
John Hancock Investment Management
Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-6020, jhinvestments.com
Manulife Investment Management, the
Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO
BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information
of the shareholders of John Hancock Asset-Based Lending Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
12/24
ITEM 2. CODE OF ETHICS.
As of the end of the year, October 31, 2024, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Grace K. Fey is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to $250,000 and $150,000 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively. These fees were billed to the registrant and were approved by the registrant's audit committee.
(b) Audit-Related Services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was reviews in conjunction with registration statement filings. Amounts billed to the registrant were $5,000 and $4,000 for fiscal years ended October 31, 2024 and October 31, 2023, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to $70,400 and $44,100 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
(d) All Other Fees
Other fees amounted to $0 and $0 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The registrant's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit- related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per year/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per year/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X
Audit-Related Fees, Tax Fees and All Other Fees
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f)According to the registrant's principal accountant for the fiscal year ended October 31, 2024, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g)The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $3,013,735 for the fiscal year ended October 31, 2024 and $3,149,267 for the fiscal year ended October 31, 2023.
(h)The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
(i)Not applicable.
(j)Not applicable.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Grace K. Fey - Chairperson
William H. Cunningham
Hassell H. McClellan
ITEM 6. SCHEDULE OF INVESTMENTS.
(a)Not applicable.
(b)Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
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.
Not applicable.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Information included in Item 1, if applicable.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
See attached exhibit "Proxy Voting Policies and Procedures".
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Information about the Marathon Asset Management LP (“Marathon”) portfolio managers
Below is a list of the Marathon portfolio managers who share joint responsibility for the day-to-day investment management of the Fund. It provides a brief summary of their business careers over the past five years. The information provided is as of the filing date of this N-CSR.
Ed Cong
Portfolio Manager
Managed the Fund since inception in 2022
Joined Marathon in 2006
Louis Hanover
Co-Founder, Managing Partner and Chief Investment Officer
Managed the Fund since inception in 2022
Co-Founded Marathon in 1998
Andrew Springer
Senior Portfolio Manager
Managed the Fund since inception in 2022
Joined Marathon in 2003
Other Accounts the Portfolio Managers are Managing
The table below indicates, for each portfolio manager, information about the accounts over which the portfolio manager has day-to-day investment responsibility. All information on the number of accounts and total assets in the table is as of October 31, 2024. For purposes of the table, “Other Pooled Investment Vehicles” may include investment partnerships and group trusts, and “Other Accounts” may include separate accounts for institutions or individuals, insurance company general or separate accounts, pension funds and other similar institutional accounts.
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Registered Investment
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Other Pooled Investment
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Companies
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Vehicles
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Other Accounts
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Number
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Total
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Number
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Number
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Total
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of
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Assets
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of
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Total Assets
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of
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Assets
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Accounts
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$Million
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Accounts
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$Million
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Accounts
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$Million
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Ed Cong
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1
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$176.3
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32
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$10,579.1
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4
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$704.2
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Louis
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8
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$946.8
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122
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$22,540.2
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27
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$3,397.0
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Hanover
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Andrew
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1
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$176.3
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37
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$10,946.1
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4
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$704.2
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Springer
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Number and value of accounts within the total accounts that are subject to a performance-based advisory fee:
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Registered Investment
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Other Pooled Investment
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Companies
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Vehicles
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Other Accounts
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Number
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Number
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Number
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of
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Total Assets
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of
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Total Assets
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of
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Total Assets
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Accounts
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$Million
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Accounts
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$Million
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Accounts
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$Million
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Ed Cong
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1
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$176.3
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25
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$7,983.3
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4
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$704.2
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Louis
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3
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$376.5
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92
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$17,960.1
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13
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$1,965.9
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Hanover
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Andrew
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1
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$176.3
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32
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$8,549.4
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4
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$704.2
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Springer
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Conflicts of Interest. Material conflicts of interest exist whenever a portfolio manager simultaneously manages multiple accounts. A conflict of interest may arise as a result of the portfolio manager being responsible for multiple accounts, including the Fund, which may have different investment guidelines and objectives. In addition to the Fund, these accounts may include accounts of other registered investment companies for which the Subadvisor serves as sub-advisor, private pooled investment vehicles and other accounts. The Subadvisor has adopted aggregation and allocation of investments procedures designed to ensure that all of its clients are treated fairly and equitably over time and to prevent this form of conflict from influencing the allocation of investment opportunities among its clients. As a general matter, the Subadvisor will offer clients the right to participate in all investment opportunities that it determines are appropriate for the client in view of relative amounts of capital available for new investments, each client’s investment program, and the then current portfolios of its clients at the time an allocation decision is made. As a result, in certain situations priority or weighted allocations can be expected to occur in respect of certain accounts, including but not limited to situations where clients have differing: (A) portfolio concentrations with respect to geography, asset class, issuer, sector or rating, (B) investment restrictions, (C) tax or regulatory limitations,
(D) leverage limitations or volatility targets, (E) ramp up or ramp down scenarios or (F) counterparty relationships. The Subadvisor maintains conflicts of interest policies and procedures containing provisions designed to prevent potential conflicts related to personal trading, allocation, and fees among other potential conflicts of interest. Such potential conflicts and others are disclosed in Subadvisor’s Form ADV Part 2A filing.
Compensation of Portfolio Managers. The Subadvisor has adopted a system of compensation for portfolio managers and others involved in the investment process that is applied systematically among investment professionals. The Advisor pays the Subadvisor a fee consisting of two components – a base management fee based on the assets under management and an incentive fee based upon pre-incentive fee net investment income attributable to each Share Class, and shall be calculated and accrued on a monthly basis while being determined and payable in arrears as of the end of each fiscal quarter, and is subject to a hurdle rate, expressed as a rate of return based on a Class’s average beginning monthly net assets for the applicable quarterly payment period, equal to 1.25% per quarter (or an annualized hurdle rate of 5%) subject to a “catch up” feature, as set forth in the Subadvisory Agreement between the Subadvisor and the Advisor. The Subadvisor pays its investment professionals out of its total revenues and other resources, including the sub-advisory fees earned with respect to the Fund. Such compensation consists of an annual salary and a discretionary year-end bonus for the Subadvisor’s employees.
Share Ownership by Portfolio Managers. The following table indicates as of October 31, 2024, the value of shares beneficially owned by the portfolio managers in the Fund.
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Range of Beneficial
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Ownership in the
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Portfolio Manager
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Fund
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Ed Cong
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$ 100,001-500,000
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Louis Hanover
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Over $1,000,000
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Andrew Springer
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$ 100,001-500,000
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ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
(a)Not applicable. (b)Not applicable.
CONFIDENTIAL
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.
ITEM 19. EXHIBITS.
(a)(1) Code of Ethics for Covered Officers is attached.
(a)(2) Not applicable.
(a)(3) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
(b)Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.
(c)(1) Proxy Voting Policies and Procedures are attached.
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 Asset-Based Lending Fund
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By:
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/s/ Andrew G. Arnott
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------------------------------
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Andrew G. Arnott
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President, Principal Executive
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Officer
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Date:
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December 23, 2024
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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.
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By:
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/s/ Andrew G. Arnott
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------------------------------
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Andrew G. Arnott
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President, Principal Executive
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Officer
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Date:
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December 23, 2024
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By:
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/s/ Fernando A. Silva
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---------------------------
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Fernando A. Silva
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Chief Financial Officer, Principal
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Financial Officer
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Date:
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December 23, 2024
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