
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class A/JVLAX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-A
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class C/JVLCX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-C
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class I/JVLIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-I
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class NAV/JDVNX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class R2/JDVPX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-R2
9/25
11/25
John Hancock Disciplined Value Fund

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class R4/JDVFX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-R4
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class R5/JDVVX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-R5
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Fund (Class R6/JDVWX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| JPMorgan Chase & Co. | |
| Philip Morris International, Inc. | |
| Kinross Gold Corp. | |
| Amazon.com, Inc. | |
| CRH PLC | |
| Uber Technologies, Inc. | |
| Honeywell International, Inc. | |
| U.S. Foods Holding Corp. | |
| Cencora, Inc. | |
| Micron Technology, Inc. | |
| Financials | |
| Industrials | |
| Information technology | |
| Health care | |
| Consumer staples | |
| Consumer discretionary | |
| Materials | |
| Energy | |
| Communication services | |
| Utilities | |
| Short-term investments and other |


MF4864498
340SA-R6
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class A/JVMAX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |


MF4864499
363SA-A
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class C/JVMCX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |


MF4864499
363SA-C
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class I/JVMIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |


MF4864499
363SA-I
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class R2/JVMSX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |


MF4864499
363SA-R2
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class R4/JVMTX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Mid Cap Fund (Class R6/JVMRX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Ameriprise Financial, Inc. | |
| AutoZone, Inc. | |
| LPL Financial Holdings, Inc. | |
| Allegion PLC | |
| Simon Property Group, Inc. | |
| Cencora, Inc. | |
| Textron, Inc. | |
| Somnigroup International, Inc. | |
| Marathon Petroleum Corp. | |
| eBay, Inc. | |
| Industrials | |
| Financials | |
| Consumer discretionary | |
| Information technology | |
| Health care | |
| Real estate | |
| Energy | |
| Materials | |
| Consumer staples | |
| Utilities | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Shareholder Yield Fund (Class A/JGYAX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Microsoft Corp. | |
| Broadcom, Inc. | |
| AbbVie, Inc. | |
| Hewlett Packard Enterprise Company | |
| Cisco Systems, Inc. | |
| Imperial Brands PLC | |
| Dell Technologies, Inc., Class C | |
| IBM Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| CVS Health Corp. | |
| Information technology | |
| Financials | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Industrials | |
| Utilities | |
| Consumer discretionary | |
| Energy | |
| Real estate | |
| Materials | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Shareholder Yield Fund (Class C/JGYCX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Microsoft Corp. | |
| Broadcom, Inc. | |
| AbbVie, Inc. | |
| Hewlett Packard Enterprise Company | |
| Cisco Systems, Inc. | |
| Imperial Brands PLC | |
| Dell Technologies, Inc., Class C | |
| IBM Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| CVS Health Corp. | |
| Information technology | |
| Financials | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Industrials | |
| Utilities | |
| Consumer discretionary | |
| Energy | |
| Real estate | |
| Materials | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Shareholder Yield Fund (Class I/JGYIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Microsoft Corp. | |
| Broadcom, Inc. | |
| AbbVie, Inc. | |
| Hewlett Packard Enterprise Company | |
| Cisco Systems, Inc. | |
| Imperial Brands PLC | |
| Dell Technologies, Inc., Class C | |
| IBM Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| CVS Health Corp. | |
| Information technology | |
| Financials | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Industrials | |
| Utilities | |
| Consumer discretionary | |
| Energy | |
| Real estate | |
| Materials | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Shareholder Yield Fund (Class R2/JGSRX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Microsoft Corp. | |
| Broadcom, Inc. | |
| AbbVie, Inc. | |
| Hewlett Packard Enterprise Company | |
| Cisco Systems, Inc. | |
| Imperial Brands PLC | |
| Dell Technologies, Inc., Class C | |
| IBM Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| CVS Health Corp. | |
| Information technology | |
| Financials | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Industrials | |
| Utilities | |
| Consumer discretionary | |
| Energy | |
| Real estate | |
| Materials | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Shareholder Yield Fund (Class R6/JGRSX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Microsoft Corp. | |
| Broadcom, Inc. | |
| AbbVie, Inc. | |
| Hewlett Packard Enterprise Company | |
| Cisco Systems, Inc. | |
| Imperial Brands PLC | |
| Dell Technologies, Inc., Class C | |
| IBM Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| CVS Health Corp. | |
| Information technology | |
| Financials | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Industrials | |
| Utilities | |
| Consumer discretionary | |
| Energy | |
| Real estate | |
| Materials | |
| Short-term investments and other |


MF4864504
320SA-R6
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class 1/GOIOX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |


MF4864507
87SA-1
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class A/GOIGX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class C/GONCX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class I/GOGIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |



| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class NAV/JIGHX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |


MF4864507
87SA-NAV
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class R2/JHIGX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |


MF4864507
87SA-R2
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class R4/JIGIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |


MF4864507
87SA-R4
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Growth Fund (Class R6/JIGTX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Tencent Holdings, Ltd. | |
| Sony Group Corp. | |
| Safran SA | |
| AstraZeneca PLC | |
| UBS Group AG | |
| Bharti Airtel, Ltd. | |
| Hitachi, Ltd. | |
| Rheinmetall AG | |
| SoftBank Group Corp. | |
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Energy | |
| Short-term investments and other |


John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4864507
87SA-R6
9/25
11/25
John Hancock International Growth Fund

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class A/JSGAX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-A
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class C/JSGCX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-C
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class I/JSGIX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-I
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class NAV/JSGBX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-NAV
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class R2/JSGRX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-R2
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class R4/JHSGX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-R4
9/25
11/25

| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| U.S. Growth Fund (Class R6/JSGTX) |
$ |
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover rate |
| NVIDIA Corp. | |
| Microsoft Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Broadcom, Inc. | |
| Amazon.com, Inc. | |
| Eli Lilly & Company | |
| Netflix, Inc. | |
| Mastercard, Inc., Class A | |
| Meta Platforms, Inc., Class A | |
| Information technology | |
| Communication services | |
| Consumer discretionary | |
| Financials | |
| Health care | |
| Industrials | |
| Real estate | |
| Energy | |
| Consumer staples | |
| Short-term investments and other |


MF4864492
393SA-R6
9/25
11/25
ITEM 2. CODE OF ETHICS.
Item is not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Item is not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Item is not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Item is not applicable at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Refer to information included in Item 7.
(b) Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
The Registrant prepared financial statements and financial highlights for the six-months ended September 30, 2025 for the following funds:
John Hancock Disciplined Value Fund
John Hancock Disciplined Value Mid Cap Fund
John Hancock Global Shareholder Yield Fund
John Hancock International Growth Fund
John Hancock U.S. Growth Fund
| Shares | Value | ||||
| Common stocks 98.7% | $18,576,782,622 | ||||
| (Cost $13,255,438,110) | |||||
| Communication services 5.0% | 938,225,525 | ||||
| Entertainment 1.6% | |||||
| The Walt Disney Company | 2,628,937 | 301,013,287 | |||
| Interactive media and services 1.7% | |||||
| Alphabet, Inc., Class A | 1,292,997 | 314,327,571 | |||
| Media 0.5% | |||||
| Omnicom Group, Inc. | 1,206,587 | 98,373,038 | |||
| Wireless telecommunication services 1.2% | |||||
| T-Mobile US, Inc. | 937,888 | 224,511,629 | |||
| Consumer discretionary 7.3% | 1,366,680,419 | ||||
| Automobile components 0.7% | |||||
| Aptiv PLC (A) | 1,517,523 | 130,840,833 | |||
| Broadline retail 2.5% | |||||
| Amazon.com, Inc. (A) | 2,159,640 | 474,192,155 | |||
| Hotels, restaurants and leisure 0.9% | |||||
| Booking Holdings, Inc. | 29,446 | 158,986,904 | |||
| Specialty retail 3.2% | |||||
| AutoNation, Inc. (A) | 633,871 | 138,671,959 | |||
| AutoZone, Inc. (A) | 65,135 | 279,444,782 | |||
| The Home Depot, Inc. | 455,450 | 184,543,786 | |||
| Consumer staples 8.1% | 1,528,976,871 | ||||
| Beverages 2.1% | |||||
| Coca-Cola Europacific Partners PLC | 1,314,380 | 118,833,096 | |||
| The Coca-Cola Company | 4,140,850 | 274,621,172 | |||
| Consumer staples distribution and retail 3.3% | |||||
| Sysco Corp. | 3,379,285 | 278,250,327 | |||
| U.S. Foods Holding Corp. (A) | 4,466,686 | 342,237,481 | |||
| Tobacco 2.7% | |||||
| Philip Morris International, Inc. | 3,175,307 | 515,034,795 | |||
| Energy 6.0% | 1,122,441,585 | ||||
| Energy equipment and services 0.4% | |||||
| Schlumberger, Ltd. | 2,310,814 | 79,422,677 | |||
| Oil, gas and consumable fuels 5.6% | |||||
| Canadian Natural Resources, Ltd. | 2,574,425 | 82,278,623 | |||
| Cenovus Energy, Inc. | 8,337,087 | 141,647,108 | |||
| ConocoPhillips | 2,467,333 | 233,385,028 | |||
| Diamondback Energy, Inc. | 1,711,726 | 244,947,991 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE FUND | 2 |
| Shares | Value | ||||
| Energy (continued) | |||||
| Oil, gas and consumable fuels (continued) | |||||
| Marathon Petroleum Corp. | 1,704,541 | $328,533,232 | |||
| ONEOK, Inc. | 167,561 | 12,226,926 | |||
| Financials 21.5% | 4,040,844,814 | ||||
| Banks 7.3% | |||||
| Huntington Bancshares, Inc. | 14,833,623 | 256,176,669 | |||
| JPMorgan Chase & Co. | 2,691,510 | 848,982,999 | |||
| Wells Fargo & Company | 3,318,640 | 278,168,405 | |||
| Capital markets 5.9% | |||||
| Blue Owl Capital, Inc. | 5,411,491 | 91,616,543 | |||
| Intercontinental Exchange, Inc. | 567,538 | 95,618,802 | |||
| LPL Financial Holdings, Inc. | 818,005 | 272,142,083 | |||
| Morgan Stanley | 1,754,845 | 278,950,161 | |||
| The Charles Schwab Corp. | 1,958,688 | 186,995,943 | |||
| The Goldman Sachs Group, Inc. | 230,486 | 183,547,526 | |||
| Consumer finance 2.8% | |||||
| American Express Company | 964,708 | 320,437,409 | |||
| Capital One Financial Corp. | 937,891 | 199,376,869 | |||
| Financial services 2.3% | |||||
| Apollo Global Management, Inc. | 702,849 | 93,668,686 | |||
| Corpay, Inc. (A) | 689,878 | 198,726,257 | |||
| Fidelity National Information Services, Inc. | 2,169,287 | 143,042,785 | |||
| Insurance 3.2% | |||||
| Aon PLC, Class A | 662,001 | 236,056,317 | |||
| Arthur J. Gallagher & Company | 459,497 | 142,324,601 | |||
| The Allstate Corp. | 1,001,690 | 215,012,759 | |||
| Health care 11.4% | 2,153,971,801 | ||||
| Biotechnology 1.4% | |||||
| AbbVie, Inc. | 1,125,033 | 260,490,141 | |||
| Health care equipment and supplies 1.1% | |||||
| Medtronic PLC | 2,190,751 | 208,647,125 | |||
| Health care providers and services 6.5% | |||||
| Cencora, Inc. | 1,092,132 | 341,324,014 | |||
| McKesson Corp. | 396,120 | 306,018,545 | |||
| Quest Diagnostics, Inc. | 1,268,458 | 241,742,726 | |||
| Tenet Healthcare Corp. (A) | 383,322 | 77,829,699 | |||
| UnitedHealth Group, Inc. | 765,183 | 264,217,690 | |||
| Life sciences tools and services 0.9% | |||||
| IQVIA Holdings, Inc. (A) | 865,011 | 164,300,189 | |||
| Pharmaceuticals 1.5% | |||||
| AstraZeneca PLC, ADR | 2,355,508 | 180,714,574 | |||
| 3 | JOHN HANCOCK DISCIPLINED VALUE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Shares | Value | ||||
| Health care (continued) | |||||
| Pharmaceuticals (continued) | |||||
| Novo Nordisk A/S, ADR (B) | 1,958,679 | $108,687,098 | |||
| Industrials 15.8% | 2,970,447,297 | ||||
| Aerospace and defense 2.2% | |||||
| General Dynamics Corp. | 713,365 | 243,257,465 | |||
| L3Harris Technologies, Inc. | 536,098 | 163,729,690 | |||
| Air freight and logistics 1.9% | |||||
| CH Robinson Worldwide, Inc. | 1,353,466 | 179,198,898 | |||
| FedEx Corp. | 767,153 | 180,902,349 | |||
| Building products 0.6% | |||||
| Allegion PLC | 625,902 | 111,003,720 | |||
| Electrical equipment 1.6% | |||||
| Emerson Electric Company | 1,275,692 | 167,345,277 | |||
| Hubbell, Inc. | 330,828 | 142,358,597 | |||
| Ground transportation 2.0% | |||||
| Uber Technologies, Inc. (A) | 3,774,353 | 369,773,363 | |||
| Industrial conglomerates 1.9% | |||||
| Honeywell International, Inc. | 1,683,499 | 354,376,540 | |||
| Machinery 1.8% | |||||
| Cummins, Inc. | 418,931 | 176,943,886 | |||
| Wabtec Corp. | 839,914 | 168,377,560 | |||
| Passenger airlines 0.5% | |||||
| United Airlines Holdings, Inc. (A) | 1,081,617 | 104,376,041 | |||
| Professional services 1.8% | |||||
| Jacobs Solutions, Inc. | 1,324,372 | 198,470,388 | |||
| Leidos Holdings, Inc. | 706,005 | 133,406,705 | |||
| Trading companies and distributors 1.5% | |||||
| United Rentals, Inc. | 290,079 | 276,926,818 | |||
| Information technology 11.7% | 2,211,397,155 | ||||
| Electronic equipment, instruments and components 3.2% | |||||
| Flex, Ltd. (A) | 4,817,665 | 279,280,040 | |||
| Keysight Technologies, Inc. (A) | 1,217,805 | 213,018,451 | |||
| Trimble, Inc. (A) | 1,288,116 | 105,174,671 | |||
| Semiconductors and semiconductor equipment 5.7% | |||||
| Applied Materials, Inc. | 1,145,416 | 234,512,472 | |||
| Microchip Technology, Inc. | 4,046,904 | 259,892,175 | |||
| Micron Technology, Inc. | 2,026,666 | 339,101,755 | |||
| NXP Semiconductors NV | 1,096,691 | 249,749,441 | |||
| Software 1.5% | |||||
| Oracle Corp. | 983,297 | 276,542,448 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE FUND | 4 |
| Shares | Value | ||||
| Information technology (continued) | |||||
| Technology hardware, storage and peripherals 1.3% | |||||
| Dell Technologies, Inc., Class C | 1,792,521 | $254,125,702 | |||
| Materials 7.2% | 1,349,371,558 | ||||
| Construction materials 2.2% | |||||
| CRH PLC | 3,491,810 | 418,668,019 | |||
| Metals and mining 5.0% | |||||
| Kinross Gold Corp. | 19,603,883 | 487,156,493 | |||
| Newmont Corp. | 3,110,239 | 262,224,250 | |||
| Reliance, Inc. | 486,204 | 136,540,669 | |||
| Steel Dynamics, Inc. | 321,180 | 44,782,127 | |||
| Utilities 4.7% | 894,425,597 | ||||
| Electric utilities 3.7% | |||||
| Entergy Corp. | 1,921,354 | 179,050,979 | |||
| FirstEnergy Corp. | 6,284,751 | 287,967,291 | |||
| PPL Corp. | 6,513,887 | 242,056,041 | |||
| Multi-utilities 1.0% | |||||
| CenterPoint Energy, Inc. | 4,777,095 | 185,351,286 | |||
| Yield (%) | Shares | Value | |||
| Short-term investments 1.5% | $272,884,009 | ||||
| (Cost $272,882,980) | |||||
| Short-term funds 1.5% | 272,884,009 | ||||
| John Hancock Collateral Trust (C) | 4.0668(D) | 5,888,181 | 58,901,830 | ||
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 4.0784(D) | 213,982,179 | 213,982,179 | ||
| Total investments (Cost $13,528,321,090) 100.2% | $18,849,666,631 | ||||
| Other assets and liabilities, net (0.2%) | (34,796,524) | ||||
| Total net assets 100.0% | $18,814,870,107 | ||||
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
| Security Abbreviations and Legend | |
| ADR | American Depositary Receipt |
| (A) | Non-income producing security. |
| (B) | All or a portion of this security is on loan as of 9-30-25. |
| (C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
| (D) | The rate shown is the annualized seven-day yield as of 9-30-25. |
| 5 | JOHN HANCOCK DISCIPLINED VALUE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| United States | 89.1% |
| Canada | 3.8% |
| United Kingdom | 2.8% |
| Ireland | 2.4% |
| Netherlands | 1.3% |
| Other countries | 0.6% |
| TOTAL | 100.0% |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE FUND | 6 |
| Assets | |
| Unaffiliated investments, at value (Cost $13,469,420,289) including $57,603,450 of securities loaned | $18,790,764,801 |
| Affiliated investments, at value (Cost $58,900,801) | 58,901,830 |
| Total investments, at value (Cost $13,528,321,090) | 18,849,666,631 |
| Dividends receivable | 18,587,126 |
| Receivable for fund shares sold | 19,350,123 |
| Receivable for investments sold | 39,682,281 |
| Receivable for securities lending income | 2,130 |
| Other assets | 791,134 |
| Total assets | 18,928,079,425 |
| Liabilities | |
| Payable for investments purchased | 17,131,009 |
| Payable for fund shares repurchased | 34,724,630 |
| Payable upon return of securities loaned | 58,900,825 |
| Payable to affiliates | |
| Accounting and legal services fees | 525,239 |
| Transfer agent fees | 936,206 |
| Distribution and service fees | 17,999 |
| Other liabilities and accrued expenses | 973,410 |
| Total liabilities | 113,209,318 |
| Net assets | $18,814,870,107 |
| Net assets consist of | |
| Paid-in capital | $12,803,337,615 |
| Total distributable earnings (loss) | 6,011,532,492 |
| Net assets | $18,814,870,107 |
| 7 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| 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 A ($1,421,534,723 ÷ 52,493,202 shares)1 | $27.08 |
| Class C ($55,903,997 ÷ 2,302,579 shares)1 | $24.28 |
| Class I ($8,911,387,110 ÷ 346,447,261 shares) | $25.72 |
| Class R2 ($54,159,115 ÷ 2,114,378 shares) | $25.61 |
| Class R4 ($45,736,972 ÷ 1,778,567 shares) | $25.72 |
| Class R5 ($67,413,431 ÷ 2,610,815 shares) | $25.82 |
| Class R6 ($4,836,234,596 ÷ 187,298,745 shares) | $25.82 |
| Class NAV ($3,422,500,163 ÷ 132,478,066 shares) | $25.83 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 95%)2 | $28.51 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 8 |
| Investment income | |
| Dividends | $151,355,238 |
| Interest | 1,128 |
| Securities lending | 388 |
| Less foreign taxes withheld | (1,238,140) |
| Total investment income | 150,118,614 |
| Expenses | |
| Investment management fees | 49,521,048 |
| Distribution and service fees | 2,157,639 |
| Accounting and legal services fees | 1,521,465 |
| Transfer agent fees | 5,471,250 |
| Trustees’ fees | 208,604 |
| Custodian fees | 882,528 |
| State registration fees | 140,166 |
| Printing and postage | 376,231 |
| Professional fees | 224,910 |
| Other | 203,862 |
| Total expenses | 60,707,703 |
| Less expense reductions | (772,477) |
| Net expenses | 59,935,226 |
| Net investment income | 90,183,388 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments and foreign currency transactions | 132,995,948 |
| Affiliated investments | (228) |
| 132,995,720 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 2,222,924,907 |
| Affiliated investments | 1,029 |
| 2,222,925,936 | |
| Net realized and unrealized gain | 2,355,921,656 |
| Increase in net assets from operations | $2,446,105,044 |
| 9 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| Six months ended 9-30-25 (unaudited) | Year ended 3-31-25 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment income | $90,183,388 | $167,531,524 |
| Net realized gain | 132,995,720 | 1,845,456,035 |
| Change in net unrealized appreciation (depreciation) | 2,222,925,936 | (1,529,416,219) |
| Increase in net assets resulting from operations | 2,446,105,044 | 483,571,340 |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | — | (154,930,830) |
| Class C | — | (7,280,485) |
| Class I | — | (959,358,243) |
| Class R2 | — | (6,766,250) |
| Class R4 | — | (7,072,888) |
| Class R5 | — | (8,060,942) |
| Class R6 | — | (573,810,642) |
| Class NAV | — | (134,798,887) |
| Total distributions | — | (1,852,079,167) |
| From fund share transactions | (189,852,939) | 3,118,049,813 |
| Total increase | 2,256,252,105 | 1,749,541,986 |
| Net assets | ||
| Beginning of period | 16,558,618,002 | 14,809,076,016 |
| End of period | $18,814,870,107 | $16,558,618,002 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 10 |
| CLASS A SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $23.67 | $25.94 | $21.72 | $24.55 | $24.73 | $15.18 |
| Net investment income2 | 0.09 | 0.21 | 0.18 | 0.24 | 0.15 | 0.18 |
| Net realized and unrealized gain (loss) on investments | 3.32 | 0.59 | 5.59 | (1.63) | 3.04 | 9.65 |
| Total from investment operations | 3.41 | 0.80 | 5.77 | (1.39) | 3.19 | 9.83 |
| Less distributions | ||||||
| From net investment income | — | (0.19) | (0.19) | (0.23) | (0.16) | (0.28) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.07) | (1.55) | (1.44) | (3.37) | (0.28) |
| Net asset value, end of period | $27.08 | $23.67 | $25.94 | $21.72 | $24.55 | $24.73 |
| Total return (%)3,4 | 14.415 | 3.07 | 27.42 | (5.60) | 13.42 | 65.19 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $1,422 | $1,294 | $1,382 | $1,185 | $1,204 | $1,037 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.976 | 1.00 | 1.03 | 1.02 | 1.04 | 1.07 |
| Expenses including reductions | 0.966 | 0.99 | 1.02 | 1.01 | 1.03 | 1.07 |
| Net investment income | 0.756 | 0.83 | 0.79 | 1.04 | 0.60 | 0.94 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 11 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS C SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $21.30 | $23.63 | $19.92 | $22.62 | $23.05 | $14.17 |
| Net investment income (loss)2 | —3 | 0.02 | 0.01 | 0.06 | (0.04) | 0.03 |
| Net realized and unrealized gain (loss) on investments | 2.98 | 0.54 | 5.08 | (1.49) | 2.82 | 9.00 |
| Total from investment operations | 2.98 | 0.56 | 5.09 | (1.43) | 2.78 | 9.03 |
| Less distributions | ||||||
| From net investment income | — | (0.01) | (0.02) | (0.06) | — | (0.15) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (2.89) | (1.38) | (1.27) | (3.21) | (0.15) |
| Net asset value, end of period | $24.28 | $21.30 | $23.63 | $19.92 | $22.62 | $23.05 |
| Total return (%)4,5 | 13.996 | 2.30 | 26.40 | (6.26) | 12.56 | 63.90 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $56 | $56 | $72 | $79 | $116 | $135 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.727 | 1.75 | 1.78 | 1.77 | 1.79 | 1.82 |
| Expenses including reductions | 1.717 | 1.74 | 1.77 | 1.76 | 1.78 | 1.82 |
| Net investment income (loss) | —7 | 0.08 | 0.05 | 0.29 | (0.17) | 0.19 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Less than $0.005 per share. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Does not reflect the effect of sales charges, if any. |
| 6 | Not annualized. |
| 7 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 12 |
| CLASS I SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.45 | $24.76 | $20.80 | $23.57 | $23.86 | $14.65 |
| Net investment income2 | 0.12 | 0.27 | 0.23 | 0.28 | 0.21 | 0.22 |
| Net realized and unrealized gain (loss) on investments | 3.15 | 0.56 | 5.33 | (1.55) | 2.93 | 9.32 |
| Total from investment operations | 3.27 | 0.83 | 5.56 | (1.27) | 3.14 | 9.54 |
| Less distributions | ||||||
| From net investment income | — | (0.26) | (0.24) | (0.29) | (0.22) | (0.33) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.14) | (1.60) | (1.50) | (3.43) | (0.33) |
| Net asset value, end of period | $25.72 | $22.45 | $24.76 | $20.80 | $23.57 | $23.86 |
| Total return (%)3 | 14.574 | 3.30 | 27.68 | (5.33) | 13.73 | 65.58 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $8,911 | $7,749 | $7,297 | $5,657 | $6,039 | $5,618 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.725 | 0.75 | 0.78 | 0.77 | 0.79 | 0.82 |
| Expenses including reductions | 0.715 | 0.74 | 0.77 | 0.76 | 0.78 | 0.82 |
| Net investment income | 1.005 | 1.08 | 1.04 | 1.29 | 0.84 | 1.18 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 13 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R2 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.40 | $24.71 | $20.76 | $23.53 | $23.83 | $14.63 |
| Net investment income2 | 0.07 | 0.17 | 0.15 | 0.20 | 0.11 | 0.15 |
| Net realized and unrealized gain (loss) on investments | 3.14 | 0.56 | 5.32 | (1.56) | 2.93 | 9.31 |
| Total from investment operations | 3.21 | 0.73 | 5.47 | (1.36) | 3.04 | 9.46 |
| Less distributions | ||||||
| From net investment income | — | (0.16) | (0.16) | (0.20) | (0.13) | (0.26) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.04) | (1.52) | (1.41) | (3.34) | (0.26) |
| Net asset value, end of period | $25.61 | $22.40 | $24.71 | $20.76 | $23.53 | $23.83 |
| Total return (%)3 | 14.334 | 2.91 | 27.22 | (5.73) | 13.28 | 64.94 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $54 | $53 | $51 | $50 | $55 | $55 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.105 | 1.14 | 1.17 | 1.16 | 1.18 | 1.21 |
| Expenses including reductions | 1.095 | 1.13 | 1.16 | 1.15 | 1.17 | 1.20 |
| Net investment income | 0.615 | 0.69 | 0.66 | 0.90 | 0.43 | 0.80 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 14 |
| CLASS R4 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.46 | $24.77 | $20.80 | $23.58 | $23.87 | $14.65 |
| Net investment income2 | 0.10 | 0.23 | 0.20 | 0.25 | 0.17 | 0.20 |
| Net realized and unrealized gain (loss) on investments | 3.16 | 0.56 | 5.34 | (1.57) | 2.94 | 9.32 |
| Total from investment operations | 3.26 | 0.79 | 5.54 | (1.32) | 3.11 | 9.52 |
| Less distributions | ||||||
| From net investment income | — | (0.22) | (0.21) | (0.25) | (0.19) | (0.30) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.10) | (1.57) | (1.46) | (3.40) | (0.30) |
| Net asset value, end of period | $25.72 | $22.46 | $24.77 | $20.80 | $23.58 | $23.87 |
| Total return (%)3 | 14.514 | 3.16 | 27.56 | (5.52) | 13.58 | 65.34 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $46 | $41 | $55 | $49 | $62 | $62 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.965 | 0.99 | 1.01 | 1.01 | 1.03 | 1.06 |
| Expenses including reductions | 0.855 | 0.88 | 0.91 | 0.90 | 0.92 | 0.95 |
| Net investment income | 0.865 | 0.94 | 0.90 | 1.14 | 0.70 | 1.06 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 15 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R5 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.53 | $24.84 | $20.85 | $23.63 | $23.91 | $14.67 |
| Net investment income2 | 0.13 | 0.28 | 0.25 | 0.29 | 0.23 | 0.23 |
| Net realized and unrealized gain (loss) on investments | 3.16 | 0.56 | 5.35 | (1.56) | 2.94 | 9.35 |
| Total from investment operations | 3.29 | 0.84 | 5.60 | (1.27) | 3.17 | 9.58 |
| Less distributions | ||||||
| From net investment income | — | (0.27) | (0.25) | (0.30) | (0.24) | (0.34) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.15) | (1.61) | (1.51) | (3.45) | (0.34) |
| Net asset value, end of period | $25.82 | $22.53 | $24.84 | $20.85 | $23.63 | $23.91 |
| Total return (%)3 | 14.604 | 3.35 | 27.81 | (5.31) | 13.82 | 65.67 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $67 | $63 | $69 | $59 | $60 | $40 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.665 | 0.69 | 0.71 | 0.71 | 0.73 | 0.76 |
| Expenses including reductions | 0.655 | 0.68 | 0.71 | 0.71 | 0.72 | 0.75 |
| Net investment income | 1.065 | 1.14 | 1.11 | 1.35 | 0.93 | 1.24 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 16 |
| CLASS R6 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.53 | $24.83 | $20.85 | $23.62 | $23.91 | $14.67 |
| Net investment income2 | 0.13 | 0.29 | 0.26 | 0.31 | 0.24 | 0.24 |
| Net realized and unrealized gain (loss) on investments | 3.16 | 0.57 | 5.34 | (1.56) | 2.93 | 9.35 |
| Total from investment operations | 3.29 | 0.86 | 5.60 | (1.25) | 3.17 | 9.59 |
| Less distributions | ||||||
| From net investment income | — | (0.28) | (0.26) | (0.31) | (0.25) | (0.35) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.16) | (1.62) | (1.52) | (3.46) | (0.35) |
| Net asset value, end of period | $25.82 | $22.53 | $24.83 | $20.85 | $23.62 | $23.91 |
| Total return (%)3 | 14.604 | 3.44 | 27.82 | (5.22) | 13.82 | 65.74 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $4,836 | $4,485 | $4,730 | $3,846 | $4,009 | $3,844 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.615 | 0.64 | 0.66 | 0.66 | 0.68 | 0.71 |
| Expenses including reductions | 0.605 | 0.63 | 0.66 | 0.66 | 0.68 | 0.71 |
| Net investment income | 1.115 | 1.19 | 1.16 | 1.40 | 0.95 | 1.30 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 17 | JOHN HANCOCK Disciplined Value Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS NAV SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.54 | $24.85 | $20.86 | $23.63 | $23.92 | $14.68 |
| Net investment income2 | 0.13 | 0.30 | 0.26 | 0.31 | 0.24 | 0.25 |
| Net realized and unrealized gain (loss) on investments | 3.16 | 0.55 | 5.36 | (1.56) | 2.93 | 9.34 |
| Total from investment operations | 3.29 | 0.85 | 5.62 | (1.25) | 3.17 | 9.59 |
| Less distributions | ||||||
| From net investment income | — | (0.28) | (0.27) | (0.31) | (0.25) | (0.35) |
| From net realized gain | — | (2.88) | (1.36) | (1.21) | (3.21) | — |
| Total distributions | — | (3.16) | (1.63) | (1.52) | (3.46) | (0.35) |
| Net asset value, end of period | $25.83 | $22.54 | $24.85 | $20.86 | $23.63 | $23.92 |
| Total return (%)3 | 14.604 | 3.41 | 27.87 | (5.20) | 13.83 | 65.71 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $3,423 | $2,818 | $1,153 | $1,151 | $1,372 | $1,486 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.605 | 0.64 | 0.66 | 0.65 | 0.68 | 0.70 |
| Expenses including reductions | 0.605 | 0.63 | 0.65 | 0.65 | 0.67 | 0.70 |
| Net investment income | 1.115 | 1.22 | 1.17 | 1.40 | 0.95 | 1.31 |
| Portfolio turnover (%) | 23 | 63 | 48 | 43 | 38 | 55 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Fund | 18 |
| 19 | JOHN HANCOCK Disciplined Value Fund | |
| | JOHN HANCOCK Disciplined Value Fund | 20 |
| 21 | JOHN HANCOCK Disciplined Value Fund | |
| | JOHN HANCOCK Disciplined Value Fund | 22 |
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| Class R5 | — | 0.05% |
| 23 | JOHN HANCOCK Disciplined Value Fund | |
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $1,664,632 | $741,161 |
| Class C | 272,558 | 30,364 |
| Class I | — | 4,561,481 |
| Class R2 | 130,248 | 1,536 |
| Class R4 | 74,552 | 1,247 |
| Class R5 | 15,649 | 1,842 |
| Class R6 | — | 133,619 |
| Total | $2,157,639 | $5,471,250 |
| Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
| Lender | $2,800,000 | 3 | 4.835% | $1,128 |
| | JOHN HANCOCK Disciplined Value Fund | 24 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,222,334 | $79,446,936 | 7,121,298 | $182,981,411 |
| Distributions reinvested | — | — | 6,036,547 | 143,307,398 |
| Repurchased | (5,391,204) | (132,848,040) | (11,761,627) | (300,844,060) |
| Net increase (decrease) | (2,168,870) | $(53,401,104) | 1,396,218 | $25,444,749 |
| Class C shares | ||||
| Sold | 123,920 | $2,776,737 | 415,308 | $9,550,262 |
| Distributions reinvested | — | — | 322,390 | 6,902,371 |
| Repurchased | (464,811) | (10,262,769) | (1,138,293) | (26,413,699) |
| Net decrease | (340,891) | $(7,486,032) | (400,595) | $(9,961,066) |
| Class I shares | ||||
| Sold | 41,162,431 | $965,277,396 | 93,956,841 | $2,278,551,021 |
| Distributions reinvested | — | — | 34,296,054 | 772,004,168 |
| Repurchased | (39,851,810) | (938,561,835) | (77,785,804) | (1,896,728,860) |
| Net increase | 1,310,621 | $26,715,561 | 50,467,091 | $1,153,826,329 |
| Class R2 shares | ||||
| Sold | 113,357 | $2,650,317 | 506,276 | $12,326,911 |
| Distributions reinvested | — | — | 250,320 | 5,627,193 |
| Repurchased | (372,392) | (8,786,499) | (465,456) | (11,087,493) |
| Net increase (decrease) | (259,035) | $(6,136,182) | 291,140 | $6,866,611 |
| Class R4 shares | ||||
| Sold | 175,863 | $4,102,394 | 479,552 | $11,742,417 |
| Distributions reinvested | — | — | 313,932 | 7,072,888 |
| Repurchased | (219,896) | (5,184,489) | (1,192,480) | (27,988,075) |
| Net decrease | (44,033) | $(1,082,095) | (398,996) | $(9,172,770) |
| Class R5 shares | ||||
| Sold | 144,845 | $3,455,671 | 1,271,416 | $31,859,026 |
| Distributions reinvested | — | — | 356,995 | 8,060,942 |
| Repurchased | (313,505) | (7,299,334) | (1,636,300) | (42,983,057) |
| Net decrease | (168,660) | $(3,843,663) | (7,889) | $(3,063,089) |
| 25 | JOHN HANCOCK Disciplined Value Fund | |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class R6 shares | ||||
| Sold | 12,718,098 | $297,104,004 | 38,439,256 | $942,786,716 |
| Distributions reinvested | — | — | 22,866,976 | 516,107,637 |
| Repurchased | (24,499,307) | (579,041,255) | (52,680,036) | (1,294,888,676) |
| Net increase (decrease) | (11,781,209) | $(281,937,251) | 8,626,196 | $164,005,677 |
| Class NAV shares | ||||
| Sold | 16,807,866 | $363,212,076 | 77,972,210 | $1,790,111,223 |
| Distributions reinvested | — | — | 5,969,836 | 134,798,887 |
| Repurchased | (9,386,059) | (225,894,249) | (5,302,263) | (134,806,738) |
| Net increase | 7,421,807 | $137,317,827 | 78,639,783 | $1,790,103,372 |
| Total net increase (decrease) | (6,030,270) | $(189,852,939) | 138,612,948 | $3,118,049,813 |
| Fund | Affiliated Concentration |
| John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 5.2% |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 5,888,181 | — | $64,625,725 | $(5,724,696) | $(228) | $1,029 | $388 | — | $58,901,830 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| | JOHN HANCOCK Disciplined Value Fund | 26 |
| 27 | JOHN HANCOCK Disciplined Value Fund | |
| | JOHN HANCOCK DISCIPLINED VALUE FUND | 28 |
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
| (e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| 29 | JOHN HANCOCK DISCIPLINED VALUE FUND | |
| (f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
| (g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
| (a) | reviewed information prepared by management regarding the fund’s performance; |
| (b) | considered the comparative performance of an applicable benchmark index; |
| (c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
| (d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| | JOHN HANCOCK DISCIPLINED VALUE FUND | 30 |
| (a) | reviewed financial information of the Advisor; |
| (b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
| (c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
| (d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
| (e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
| (f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
| (g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
| (h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
| (i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
| (j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is |
| 31 | JOHN HANCOCK DISCIPLINED VALUE FUND | |
| based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
| (b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
| (c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
| (1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
| (2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
| (3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
| (4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
| | JOHN HANCOCK DISCIPLINED VALUE FUND | 32 |
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
| (2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
| (3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
| (4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
| 33 | JOHN HANCOCK DISCIPLINED VALUE FUND | |
| | JOHN HANCOCK DISCIPLINED VALUE FUND | 34 |
| MF4864498 | 340SA 9/25 |
| 1 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | |
| Shares | Value | ||||
| Common stocks 97.9% | $23,769,698,991 | ||||
| (Cost $17,121,058,816) | |||||
| Consumer discretionary 15.2% | 3,691,344,417 | ||||
| Automobile components 0.5% | |||||
| Gentex Corp. | 4,315,523 | 122,129,301 | |||
| Automobiles 0.3% | |||||
| Harley-Davidson, Inc. (A) | 2,936,735 | 81,934,907 | |||
| Broadline retail 1.2% | |||||
| eBay, Inc. | 3,230,414 | 293,806,153 | |||
| Distributors 0.5% | |||||
| LKQ Corp. | 3,916,640 | 119,614,186 | |||
| Diversified consumer services 1.5% | |||||
| frontdoor, Inc. (B) | 3,202,441 | 215,492,255 | |||
| H&R Block, Inc. | 2,837,854 | 143,510,277 | |||
| Hotels, restaurants and leisure 2.3% | |||||
| Boyd Gaming Corp. | 2,098,505 | 181,415,757 | |||
| Churchill Downs, Inc. | 917,480 | 89,004,735 | |||
| Darden Restaurants, Inc. | 450,250 | 85,709,590 | |||
| Marriott International, Inc., Class A | 366,652 | 95,490,847 | |||
| Wyndham Hotels & Resorts, Inc. | 1,365,631 | 109,113,917 | |||
| Household durables 4.5% | |||||
| Cavco Industries, Inc. (B) | 218,834 | 127,083,469 | |||
| D.R. Horton, Inc. | 1,176,496 | 199,380,777 | |||
| NVR, Inc. (B) | 32,583 | 261,793,327 | |||
| Somnigroup International, Inc. | 3,746,027 | 315,902,457 | |||
| TopBuild Corp. (B) | 501,293 | 195,935,382 | |||
| Specialty retail 3.7% | |||||
| AutoZone, Inc. (B) | 94,502 | 405,436,260 | |||
| Ross Stores, Inc. | 1,003,615 | 152,940,890 | |||
| Valvoline, Inc. (B) | 4,048,694 | 145,388,602 | |||
| Williams-Sonoma, Inc. | 952,565 | 186,178,829 | |||
| Textiles, apparel and luxury goods 0.7% | |||||
| Ralph Lauren Corp. | 523,289 | 164,082,499 | |||
| Consumer staples 4.3% | 1,043,139,857 | ||||
| Beverages 1.5% | |||||
| Coca-Cola Consolidated, Inc. | 1,386,600 | 162,454,056 | |||
| Coca-Cola Europacific Partners PLC | 1,373,033 | 124,135,914 | |||
| Primo Brands Corp. | 3,485,347 | 77,026,169 | |||
| Consumer staples distribution and retail 2.4% | |||||
| Maplebear, Inc. (B) | 2,628,530 | 96,624,763 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 2 |
| Shares | Value | ||||
| Consumer staples (continued) | |||||
| Consumer staples distribution and retail (continued) | |||||
| Sysco Corp. | 2,526,305 | $208,015,954 | |||
| U.S. Foods Holding Corp. (B) | 3,743,814 | 286,851,029 | |||
| Food products 0.4% | |||||
| Lamb Weston Holdings, Inc. | 1,515,702 | 88,031,972 | |||
| Energy 5.8% | 1,396,170,647 | ||||
| Energy equipment and services 1.1% | |||||
| TechnipFMC PLC | 6,856,321 | 270,481,863 | |||
| Oil, gas and consumable fuels 4.7% | |||||
| Diamondback Energy, Inc. | 1,038,049 | 148,544,812 | |||
| EQT Corp. | 3,303,788 | 179,825,181 | |||
| Marathon Petroleum Corp. | 1,612,835 | 310,857,818 | |||
| Permian Resources Corp. | 12,157,256 | 155,612,877 | |||
| Phillips 66 | 839,360 | 114,169,747 | |||
| Range Resources Corp. | 5,756,598 | 216,678,349 | |||
| Financials 17.2% | 4,176,354,763 | ||||
| Banks 2.8% | |||||
| East West Bancorp, Inc. (A) | 2,243,333 | 238,802,798 | |||
| Fifth Third Bancorp | 3,904,477 | 173,944,450 | |||
| Huntington Bancshares, Inc. | 15,830,986 | 273,401,128 | |||
| Capital markets 7.2% | |||||
| Affiliated Managers Group, Inc. | 846,350 | 201,795,231 | |||
| Ameriprise Financial, Inc. | 867,525 | 426,171,652 | |||
| Evercore, Inc., Class A | 828,746 | 279,552,601 | |||
| LPL Financial Holdings, Inc. | 1,114,604 | 370,817,605 | |||
| Stifel Financial Corp. | 1,681,086 | 190,752,828 | |||
| The Carlyle Group, Inc. | 4,511,025 | 282,841,268 | |||
| Consumer finance 1.7% | |||||
| Credit Acceptance Corp. (A)(B) | 245,514 | 114,637,852 | |||
| SLM Corp. (A) | 3,201,789 | 88,625,520 | |||
| Synchrony Financial | 2,842,074 | 201,929,358 | |||
| Financial services 2.3% | |||||
| Equitable Holdings, Inc. | 2,554,778 | 129,731,627 | |||
| Rocket Companies, Inc., Class A (A) | 9,756,320 | 189,077,482 | |||
| Voya Financial, Inc. | 1,965,703 | 147,034,584 | |||
| WEX, Inc. (B) | 638,514 | 100,585,110 | |||
| Insurance 3.2% | |||||
| Brown & Brown, Inc. | 1,148,546 | 107,722,129 | |||
| First American Financial Corp. | 2,492,900 | 160,143,896 | |||
| Markel Group, Inc. (B) | 138,763 | 265,226,048 | |||
| RenaissanceRe Holdings, Ltd. | 354,101 | 89,916,867 | |||
| 3 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Shares | Value | ||||
| Financials (continued) | |||||
| Insurance (continued) | |||||
| The Travelers Companies, Inc. | 514,450 | $143,644,729 | |||
| Health care 7.8% | 1,899,996,356 | ||||
| Health care equipment and supplies 1.9% | |||||
| GE HealthCare Technologies, Inc. | 1,734,263 | 130,243,151 | |||
| Solventum Corp. (B) | 3,040,066 | 221,924,818 | |||
| STERIS PLC | 469,649 | 116,209,949 | |||
| Health care providers and services 4.2% | |||||
| Cencora, Inc. | 1,027,770 | 321,208,958 | |||
| Centene Corp. (B) | 3,680,105 | 131,306,146 | |||
| McKesson Corp. | 198,075 | 153,020,861 | |||
| Quest Diagnostics, Inc. | 832,885 | 158,731,223 | |||
| Tenet Healthcare Corp. (B) | 1,288,952 | 261,708,814 | |||
| Life sciences tools and services 1.7% | |||||
| ICON PLC (B) | 480,864 | 84,151,200 | |||
| IQVIA Holdings, Inc. (B) | 1,009,410 | 191,727,335 | |||
| QIAGEN NV (A) | 2,904,295 | 129,763,901 | |||
| Industrials 19.8% | 4,817,077,087 | ||||
| Aerospace and defense 3.2% | |||||
| Howmet Aerospace, Inc. | 1,431,104 | 280,825,538 | |||
| L3Harris Technologies, Inc. | 553,818 | 169,141,555 | |||
| Textron, Inc. | 3,760,780 | 317,748,302 | |||
| Air freight and logistics 1.0% | |||||
| Expeditors International of Washington, Inc. | 1,893,239 | 232,092,169 | |||
| Building products 4.6% | |||||
| Allegion PLC | 1,924,487 | 341,307,769 | |||
| Builders FirstSource, Inc. (B) | 1,225,019 | 148,533,554 | |||
| Masco Corp. | 3,817,211 | 268,693,482 | |||
| Masterbrand, Inc. (B) | 5,029,792 | 66,242,361 | |||
| Resideo Technologies, Inc. (B) | 3,773,431 | 162,936,751 | |||
| UFP Industries, Inc. | 1,354,941 | 126,673,434 | |||
| Commercial services and supplies 0.9% | |||||
| RB Global, Inc. | 1,931,935 | 209,344,477 | |||
| Electrical equipment 1.5% | |||||
| AMETEK, Inc. | 749,628 | 140,930,064 | |||
| Generac Holdings, Inc. (B) | 1,358,128 | 227,350,627 | |||
| Ground transportation 1.3% | |||||
| Landstar System, Inc. | 936,907 | 114,827,322 | |||
| Old Dominion Freight Line, Inc. | 1,509,116 | 212,453,350 | |||
| Industrial conglomerates 0.6% | |||||
| 3M Company | 982,388 | 152,446,970 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 4 |
| Shares | Value | ||||
| Industrials (continued) | |||||
| Machinery 2.8% | |||||
| Allison Transmission Holdings, Inc. | 842,792 | $71,536,185 | |||
| Dover Corp. | 611,379 | 101,996,359 | |||
| ITT, Inc. | 509,003 | 90,989,376 | |||
| Lincoln Electric Holdings, Inc. | 620,733 | 146,387,463 | |||
| Parker-Hannifin Corp. | 121,548 | 92,151,616 | |||
| Watts Water Technologies, Inc., Class A | 662,875 | 185,127,730 | |||
| Professional services 3.1% | |||||
| CACI International, Inc., Class A (B) | 393,265 | 196,152,717 | |||
| Equifax, Inc. | 618,574 | 158,682,788 | |||
| Leidos Holdings, Inc. | 843,884 | 159,460,321 | |||
| SS&C Technologies Holdings, Inc. | 1,991,092 | 176,729,326 | |||
| TriNet Group, Inc. | 1,054,502 | 70,535,639 | |||
| Trading companies and distributors 0.8% | |||||
| DNOW, Inc. (B) | 2,684,291 | 40,935,438 | |||
| MRC Global, Inc. (B) | 2,496,189 | 35,995,045 | |||
| MSC Industrial Direct Company, Inc., Class A (A) | 1,289,878 | 118,849,359 | |||
| Information technology 11.7% | 2,843,417,764 | ||||
| Electronic equipment, instruments and components 5.6% | |||||
| Arrow Electronics, Inc. (B) | 1,003,204 | 121,387,684 | |||
| CDW Corp. | 1,600,619 | 254,946,594 | |||
| Flex, Ltd. (B) | 3,240,052 | 187,825,814 | |||
| Jabil, Inc. | 555,586 | 120,656,612 | |||
| Keysight Technologies, Inc. (B) | 1,528,242 | 267,320,091 | |||
| TE Connectivity PLC | 926,215 | 203,331,979 | |||
| Zebra Technologies Corp., Class A (B) | 692,374 | 205,745,858 | |||
| Semiconductors and semiconductor equipment 1.1% | |||||
| Microchip Technology, Inc. | 4,054,900 | 260,405,678 | |||
| Software 2.6% | |||||
| Check Point Software Technologies, Ltd. (B) | 1,145,770 | 237,071,271 | |||
| Gen Digital, Inc. | 6,146,268 | 174,492,549 | |||
| InterDigital, Inc. (A) | 621,555 | 214,579,433 | |||
| Technology hardware, storage and peripherals 2.4% | |||||
| Dell Technologies, Inc., Class C | 955,298 | 135,432,597 | |||
| NetApp, Inc. | 1,906,807 | 225,880,357 | |||
| Seagate Technology Holdings PLC | 992,719 | 234,341,247 | |||
| Materials 5.4% | 1,306,812,678 | ||||
| Chemicals 1.6% | |||||
| CF Industries Holdings, Inc. | 2,624,879 | 235,451,646 | |||
| DuPont de Nemours, Inc. | 1,837,528 | 143,143,431 | |||
| 5 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Shares | Value | ||||
| Materials (continued) | |||||
| Containers and packaging 1.7% | |||||
| Ball Corp. | 2,792,320 | $140,788,774 | |||
| Packaging Corp. of America | 1,215,664 | 264,929,656 | |||
| Metals and mining 1.8% | |||||
| Commercial Metals Company | 2,625,907 | 150,411,953 | |||
| Freeport-McMoRan, Inc. | 1,741,511 | 68,302,061 | |||
| Reliance, Inc. | 823,429 | 231,243,566 | |||
| Paper and forest products 0.3% | |||||
| Louisiana-Pacific Corp. | 816,542 | 72,541,591 | |||
| Real estate 6.8% | 1,648,242,577 | ||||
| Industrial REITs 0.6% | |||||
| EastGroup Properties, Inc. | 880,271 | 148,994,669 | |||
| Office REITs 0.8% | |||||
| BXP, Inc. | 2,559,814 | 190,296,573 | |||
| Residential REITs 1.5% | |||||
| Equity LifeStyle Properties, Inc. | 2,118,754 | 128,608,368 | |||
| Equity Residential | 1,778,220 | 115,104,181 | |||
| Essex Property Trust, Inc. | 473,439 | 126,720,683 | |||
| Retail REITs 2.2% | |||||
| Regency Centers Corp. | 2,564,439 | 186,947,603 | |||
| Simon Property Group, Inc. | 1,785,106 | 335,010,843 | |||
| Specialized REITs 1.7% | |||||
| Extra Space Storage, Inc. | 739,452 | 104,218,365 | |||
| Lamar Advertising Company, Class A | 1,676,564 | 205,244,965 | |||
| VICI Properties, Inc. | 3,284,156 | 107,096,327 | |||
| Utilities 3.9% | 947,142,845 | ||||
| Electric utilities 2.4% | |||||
| Entergy Corp. | 1,784,901 | 166,334,924 | |||
| FirstEnergy Corp. | 2,901,171 | 132,931,655 | |||
| NRG Energy, Inc. | 560,499 | 90,772,813 | |||
| OGE Energy Corp. | 4,207,185 | 194,666,450 | |||
| Multi-utilities 1.5% | |||||
| CenterPoint Energy, Inc. | 2,528,156 | 98,092,453 | |||
| DTE Energy Company | 1,869,084 | 264,344,550 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 6 |
| Yield (%) | Shares | Value | |||
| Short-term investments 3.2% | $786,028,967 | ||||
| (Cost $786,022,703) | |||||
| Short-term funds 3.2% | 786,028,967 | ||||
| John Hancock Collateral Trust (C) | 4.0668(D) | 28,578,064 | 285,877,808 | ||
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 4.0784(D) | 500,151,159 | 500,151,159 | ||
| Total investments (Cost $17,907,081,519) 101.1% | $24,555,727,958 | ||||
| Other assets and liabilities, net (1.1%) | (269,974,276) | ||||
| Total net assets 100.0% | $24,285,753,682 | ||||
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
| Security Abbreviations and Legend | |
| (A) | All or a portion of this security is on loan as of 9-30-25. |
| (B) | Non-income producing security. |
| (C) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
| (D) | The rate shown is the annualized seven-day yield as of 9-30-25. |
| 7 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Assets | |
| Unaffiliated investments, at value (Cost $17,621,209,975) including $354,379,236 of securities loaned | $24,269,850,150 |
| Affiliated investments, at value (Cost $285,871,544) | 285,877,808 |
| Total investments, at value (Cost $17,907,081,519) | 24,555,727,958 |
| Cash | 938,699 |
| Dividends and interest receivable | 23,138,966 |
| Receivable for fund shares sold | 28,626,748 |
| Receivable for investments sold | 43,584,311 |
| Receivable for securities lending income | 1,341,577 |
| Other assets | 1,239,474 |
| Total assets | 24,654,597,733 |
| Liabilities | |
| Payable for investments purchased | 57,667,468 |
| Payable for fund shares repurchased | 21,339,377 |
| Payable upon return of securities loaned | 285,871,771 |
| Payable to affiliates | |
| Accounting and legal services fees | 695,499 |
| Transfer agent fees | 1,544,970 |
| Distribution and service fees | 25,162 |
| Trustees’ fees | 6,720 |
| Other liabilities and accrued expenses | 1,693,084 |
| Total liabilities | 368,844,051 |
| Net assets | $24,285,753,682 |
| Net assets consist of | |
| Paid-in capital | $15,690,489,820 |
| Total distributable earnings (loss) | 8,595,263,862 |
| Net assets | $24,285,753,682 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Mid Cap Fund | 8 |
| 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 A ($1,504,890,507 ÷ 52,978,747 shares)1 | $28.41 |
| Class C ($59,348,213 ÷ 2,110,781 shares)1 | $28.12 |
| Class I ($15,440,996,018 ÷ 511,777,544 shares) | $30.17 |
| Class R2 ($40,623,978 ÷ 1,357,464 shares) | $29.93 |
| Class R4 ($189,946,909 ÷ 6,310,524 shares) | $30.10 |
| Class R6 ($7,049,948,057 ÷ 233,569,407 shares) | $30.18 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 95%)2 | $29.91 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 9 | JOHN HANCOCK Disciplined Value Mid Cap Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| Investment income | |
| Dividends | $182,385,005 |
| Securities lending | 6,209,009 |
| Less foreign taxes withheld | (187,985) |
| Total investment income | 188,406,029 |
| Expenses | |
| Investment management fees | 78,538,407 |
| Distribution and service fees | 2,515,460 |
| Accounting and legal services fees | 1,925,023 |
| Transfer agent fees | 8,885,254 |
| Trustees’ fees | 286,704 |
| Custodian fees | 1,269,645 |
| State registration fees | 125,016 |
| Printing and postage | 636,352 |
| Professional fees | 316,236 |
| Other | 280,996 |
| Total expenses | 94,779,093 |
| Less expense reductions | (1,048,883) |
| Net expenses | 93,730,210 |
| Net investment income | 94,675,819 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments | 1,015,885,688 |
| Affiliated investments | 667 |
| 1,015,886,355 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments | 1,779,678,055 |
| Affiliated investments | (17,804,854) |
| 1,761,873,201 | |
| Net realized and unrealized gain | 2,777,759,556 |
| Increase in net assets from operations | $2,872,435,375 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Mid Cap Fund | 10 |
| Six months ended 9-30-25 (unaudited) | Year ended 3-31-25 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment income | $94,675,819 | $195,412,709 |
| Net realized gain | 1,015,886,355 | 2,306,611,003 |
| Change in net unrealized appreciation (depreciation) | 1,761,873,201 | (2,595,288,140) |
| Increase (decrease) in net assets resulting from operations | 2,872,435,375 | (93,264,428) |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | — | (161,756,786) |
| Class C | — | (6,217,682) |
| Class I | — | (1,579,218,002) |
| Class R2 | — | (4,871,009) |
| Class R4 | — | (22,081,457) |
| Class R6 | — | (686,252,920) |
| Total distributions | — | (2,460,397,856) |
| From fund share transactions | 403,908,107 | 138,805,751 |
| Total increase (decrease) | 3,276,343,482 | (2,414,856,533) |
| Net assets | ||
| Beginning of period | 21,009,410,200 | 23,424,266,733 |
| End of period | $24,285,753,682 | $21,009,410,200 |
| 11 | JOHN HANCOCK Disciplined Value Mid Cap Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS A SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $24.98 | $28.33 | $23.54 | $26.25 | $25.33 | $14.91 |
| Net investment income (loss)2 | 0.08 | 0.17 | 0.17 | 0.20 | 0.09 | 0.10 |
| Net realized and unrealized gain (loss) on investments | 3.35 | (0.35) | 5.66 | (1.69) | 2.60 | 10.54 |
| Total from investment operations | 3.43 | (0.18) | 5.83 | (1.49) | 2.69 | 10.64 |
| Less distributions | ||||||
| From net investment income | — | (0.17) | (0.20) | (0.19) | (0.07) | (0.14) |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.17) | (1.04) | (1.22) | (1.77) | (0.22) |
| Net asset value, end of period | $28.41 | $24.98 | $28.33 | $23.54 | $26.25 | $25.33 |
| Total return (%)3,4 | 13.735 | (0.83) | 25.16 | (5.53) | 10.91 | 71.55 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $1,505 | $1,380 | $1,510 | $1,363 | $1,486 | $1,204 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.116 | 1.11 | 1.13 | 1.12 | 1.11 | 1.12 |
| Expenses including reductions | 1.106 | 1.10 | 1.12 | 1.11 | 1.10 | 1.11 |
| Net investment income (loss) | 0.596 | 0.60 | 0.68 | 0.83 | 0.34 | 0.52 |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 527 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Excludes in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Mid Cap Fund | 12 |
| CLASS C SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $24.82 | $28.20 | $23.45 | $26.14 | $25.34 | $14.94 |
| Net investment income (loss)2 | (0.02) | (0.04) | (0.02) | 0.02 | (0.12) | (0.05) |
| Net realized and unrealized gain (loss) on investments | 3.32 | (0.34) | 5.61 | (1.68) | 2.62 | 10.53 |
| Total from investment operations | 3.30 | (0.38) | 5.59 | (1.66) | 2.50 | 10.48 |
| Less distributions | ||||||
| From net investment income | — | — | —3 | — | — | — |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Net asset value, end of period | $28.12 | $24.82 | $28.20 | $23.45 | $26.14 | $25.34 |
| Total return (%)4,5 | 13.306 | (1.56) | 24.19 | (6.22) | 10.12 | 70.20 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $59 | $55 | $63 | $56 | $62 | $92 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.867 | 1.86 | 1.88 | 1.87 | 1.86 | 1.87 |
| Expenses including reductions | 1.857 | 1.85 | 1.87 | 1.86 | 1.85 | 1.86 |
| Net investment income (loss) | (0.16)7 | (0.15) | (0.07) | 0.08 | (0.46) | (0.23) |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 528 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Less than $0.005 per share. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Does not reflect the effect of sales charges, if any. |
| 6 | Not annualized. |
| 7 | Annualized. |
| 8 | Excludes in-kind transactions. |
| 13 | JOHN HANCOCK Disciplined Value Mid Cap Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS I SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $26.50 | $29.86 | $24.76 | $27.55 | $26.49 | $15.58 |
| Net investment income (loss)2 | 0.12 | 0.25 | 0.24 | 0.27 | 0.16 | 0.16 |
| Net realized and unrealized gain (loss) on investments | 3.55 | (0.36) | 5.96 | (1.78) | 2.74 | 11.02 |
| Total from investment operations | 3.67 | (0.11) | 6.20 | (1.51) | 2.90 | 11.18 |
| Less distributions | ||||||
| From net investment income | — | (0.25) | (0.26) | (0.25) | (0.14) | (0.19) |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.25) | (1.10) | (1.28) | (1.84) | (0.27) |
| Net asset value, end of period | $30.17 | $26.50 | $29.86 | $24.76 | $27.55 | $26.49 |
| Total return (%)3 | 13.854 | (0.57) | 25.46 | (5.31) | 11.23 | 71.97 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $15,441 | $13,376 | $14,709 | $13,215 | $14,847 | $11,932 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.865 | 0.86 | 0.88 | 0.87 | 0.86 | 0.87 |
| Expenses including reductions | 0.855 | 0.85 | 0.87 | 0.86 | 0.85 | 0.86 |
| Net investment income (loss) | 0.845 | 0.85 | 0.93 | 1.08 | 0.59 | 0.78 |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 526 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Mid Cap Fund | 14 |
| CLASS R2 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $26.33 | $29.69 | $24.64 | $27.41 | $26.37 | $15.53 |
| Net investment income (loss)2 | 0.06 | 0.13 | 0.14 | 0.17 | 0.05 | 0.08 |
| Net realized and unrealized gain (loss) on investments | 3.54 | (0.36) | 5.91 | (1.76) | 2.73 | 10.96 |
| Total from investment operations | 3.60 | (0.23) | 6.05 | (1.59) | 2.78 | 11.04 |
| Less distributions | ||||||
| From net investment income | — | (0.13) | (0.16) | (0.15) | (0.04) | (0.12) |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.13) | (1.00) | (1.18) | (1.74) | (0.20) |
| Net asset value, end of period | $29.93 | $26.33 | $29.69 | $24.64 | $27.41 | $26.37 |
| Total return (%)3 | 13.674 | (0.97) | 24.93 | (5.65) | 10.78 | 71.23 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $41 | $38 | $52 | $89 | $103 | $106 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.255 | 1.25 | 1.26 | 1.26 | 1.25 | 1.25 |
| Expenses including reductions | 1.255 | 1.24 | 1.25 | 1.25 | 1.24 | 1.24 |
| Net investment income (loss) | 0.445 | 0.44 | 0.52 | 0.68 | 0.18 | 0.39 |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 526 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes in-kind transactions. |
| 15 | JOHN HANCOCK Disciplined Value Mid Cap Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R4 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $26.45 | $29.81 | $24.73 | $27.51 | $26.46 | $15.57 |
| Net investment income (loss)2 | 0.10 | 0.20 | 0.21 | 0.24 | 0.12 | 0.14 |
| Net realized and unrealized gain (loss) on investments | 3.55 | (0.35) | 5.93 | (1.77) | 2.73 | 10.99 |
| Total from investment operations | 3.65 | (0.15) | 6.14 | (1.53) | 2.85 | 11.13 |
| Less distributions | ||||||
| From net investment income | — | (0.21) | (0.22) | (0.22) | (0.10) | (0.16) |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.21) | (1.06) | (1.25) | (1.80) | (0.24) |
| Net asset value, end of period | $30.10 | $26.45 | $29.81 | $24.73 | $27.51 | $26.46 |
| Total return (%)3 | 13.804 | (0.72) | 25.25 | (5.42) | 11.06 | 71.69 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $190 | $194 | $250 | $133 | $141 | $130 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.105 | 1.10 | 1.11 | 1.11 | 1.10 | 1.11 |
| Expenses including reductions | 1.005 | 0.99 | 1.00 | 1.00 | 0.99 | 1.00 |
| Net investment income (loss) | 0.695 | 0.70 | 0.81 | 0.94 | 0.43 | 0.65 |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 526 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes in-kind transactions. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Disciplined Value Mid Cap Fund | 16 |
| CLASS R6 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $26.49 | $29.85 | $24.75 | $27.54 | $26.48 | $15.58 |
| Net investment income (loss)2 | 0.13 | 0.28 | 0.28 | 0.30 | 0.19 | 0.18 |
| Net realized and unrealized gain (loss) on investments | 3.56 | (0.36) | 5.95 | (1.78) | 2.74 | 11.01 |
| Total from investment operations | 3.69 | (0.08) | 6.23 | (1.48) | 2.93 | 11.19 |
| Less distributions | ||||||
| From net investment income | — | (0.28) | (0.29) | (0.28) | (0.17) | (0.21) |
| From net realized gain | — | (3.00) | (0.84) | (1.03) | (1.70) | (0.08) |
| Total distributions | — | (3.28) | (1.13) | (1.31) | (1.87) | (0.29) |
| Net asset value, end of period | $30.18 | $26.49 | $29.85 | $24.75 | $27.54 | $26.48 |
| Total return (%)3 | 13.934 | (0.47) | 25.59 | (5.21) | 11.36 | 72.06 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $7,050 | $5,967 | $6,841 | $4,866 | $4,768 | $3,778 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.765 | 0.75 | 0.76 | 0.76 | 0.75 | 0.76 |
| Expenses including reductions | 0.755 | 0.74 | 0.75 | 0.75 | 0.75 | 0.75 |
| Net investment income (loss) | 0.955 | 0.96 | 1.05 | 1.20 | 0.69 | 0.88 |
| Portfolio turnover (%) | 27 | 49 | 47 | 41 | 26 | 526 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes in-kind transactions. |
| 17 | JOHN HANCOCK Disciplined Value Mid Cap Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| | JOHN HANCOCK Disciplined Value Mid Cap Fund | 18 |
| 19 | JOHN HANCOCK Disciplined Value Mid Cap Fund | |
| | JOHN HANCOCK Disciplined Value Mid Cap Fund | 20 |
| 21 | JOHN HANCOCK Disciplined Value Mid Cap Fund | |
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| | JOHN HANCOCK Disciplined Value Mid Cap Fund | 22 |
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $1,796,288 | $799,538 |
| Class C | 281,037 | 31,280 |
| Class I | — | 7,861,753 |
| Class R2 | 99,536 | 1,161 |
| Class R4 | 338,599 | 5,653 |
| Class R6 | — | 185,869 |
| Total | $2,515,460 | $8,885,254 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,921,800 | $104,355,680 | 7,923,315 | $215,581,837 |
| Distributions reinvested | — | — | 5,720,080 | 145,633,238 |
| Repurchased | (6,177,126) | (163,392,521) | (11,707,002) | (319,468,236) |
| Net increase (decrease) | (2,255,326) | $(59,036,841) | 1,936,393 | $41,746,839 |
| Class C shares | ||||
| Sold | 166,455 | $4,418,832 | 402,507 | $11,046,947 |
| Distributions reinvested | — | — | 237,398 | 6,018,033 |
| Repurchased | (259,964) | (6,766,440) | (655,701) | (17,784,058) |
| Net decrease | (93,509) | $(2,347,608) | (15,796) | $(719,078) |
| 23 | JOHN HANCOCK Disciplined Value Mid Cap Fund | |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class I shares | ||||
| Sold | 64,382,448 | $1,824,803,440 | 103,636,218 | $2,995,400,155 |
| Distributions reinvested | — | — | 55,678,326 | 1,502,758,026 |
| Repurchased | (57,414,888) | (1,586,680,429) | (147,163,607) | (4,199,627,658) |
| Net increase | 6,967,560 | $238,123,011 | 12,150,937 | $298,530,523 |
| Class R2 shares | ||||
| Sold | 132,357 | $3,697,131 | 294,503 | $8,382,021 |
| Distributions reinvested | — | — | 152,624 | 4,097,957 |
| Repurchased | (215,075) | (6,163,352) | (743,970) | (20,788,016) |
| Net decrease | (82,718) | $(2,466,221) | (296,843) | $(8,308,038) |
| Class R4 shares | ||||
| Sold | 392,289 | $10,814,271 | 1,447,035 | $41,457,681 |
| Distributions reinvested | — | — | 819,044 | 22,081,433 |
| Repurchased | (1,424,694) | (40,787,791) | (3,324,575) | (95,667,129) |
| Net decrease | (1,032,405) | $(29,973,520) | (1,058,496) | $(32,128,015) |
| Class R6 shares | ||||
| Sold | 36,112,584 | $1,037,571,910 | 42,991,408 | $1,239,211,894 |
| Distributions reinvested | — | — | 21,050,601 | 567,945,207 |
| Repurchased | (27,777,357) | (777,962,624) | (67,944,278) | (1,967,473,581) |
| Net increase (decrease) | 8,335,227 | $259,609,286 | (3,902,269) | $(160,316,480) |
| Total net increase | 11,838,829 | $403,908,107 | 8,813,926 | $138,805,751 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 28,578,064 | $119,113,445 | $933,156,017 | $(766,399,552) | $667 | $7,231 | $6,209,009 | — | $285,877,808 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| | JOHN HANCOCK Disciplined Value Mid Cap Fund | 24 |
| 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 |
| Rocket Companies, Inc., Class A* | 9,756,320 | $119,125,916 | $16,933,907 | $(25,810,002) | $10,653,893 | $68,173,768 | — | — | $189,077,482 |
| * | The security was an affiliate at the beginning of the period but not at the end. |
| 25 | JOHN HANCOCK Disciplined Value Mid Cap Fund | |
| | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 26 |
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
| (e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| 27 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | |
| (f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
| (g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
| (a) | reviewed information prepared by management regarding the fund’s performance; |
| (b) | considered the comparative performance of an applicable benchmark index; |
| (c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
| (d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 28 |
| (a) | reviewed financial information of the Advisor; |
| (b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
| (c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
| (d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
| (e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
| (f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
| (g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
| (h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
| (i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
| (j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is |
| 29 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | |
| based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
| (b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
| (c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
| (1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
| (2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
| (3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
| (4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
| | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 30 |
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
| (2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
| (3) | subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
| (4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
| 31 | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | |
| | JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | 32 |
| MF4864499 | 363SA 9/25 |
| 1 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | |
| Shares | Value | ||||
| Common stocks 98.4% | $1,274,440,018 | ||||
| (Cost $821,853,534) | |||||
| Austria 1.5% | 19,321,630 | ||||
| BAWAG Group AG (A)(B) | 146,561 | 19,321,630 | |||
| Canada 4.8% | 61,545,947 | ||||
| Enbridge, Inc. | 151,203 | 7,628,054 | |||
| Great-West Lifeco, Inc. | 168,003 | 6,818,143 | |||
| Nutrien, Ltd. | 185,687 | 10,901,684 | |||
| Restaurant Brands International, Inc. | 193,204 | 12,392,105 | |||
| Rogers Communications, Inc., Class B | 231,225 | 7,960,042 | |||
| Royal Bank of Canada | 57,696 | 8,503,703 | |||
| TELUS Corp. | 466,157 | 7,342,216 | |||
| France 6.7% | 87,378,670 | ||||
| AXA SA | 433,271 | 20,777,577 | |||
| Cie Generale des Etablissements Michelin SCA | 204,035 | 7,348,080 | |||
| Orange SA | 1,069,251 | 17,344,345 | |||
| Sanofi SA | 164,024 | 15,532,118 | |||
| TotalEnergies SE | 273,668 | 16,668,778 | |||
| Vinci SA | 69,854 | 9,707,772 | |||
| Germany 4.2% | 54,283,680 | ||||
| Allianz SE | 32,496 | 13,671,973 | |||
| Deutsche Telekom AG | 370,048 | 12,607,366 | |||
| DHL Group | 276,100 | 12,338,208 | |||
| Muenchener Rueckversicherungs-Gesellschaft AG | 11,357 | 7,251,169 | |||
| Siemens AG | 31,169 | 8,414,964 | |||
| Hong Kong 0.6% | 8,050,529 | ||||
| AIA Group, Ltd. | 840,000 | 8,050,529 | |||
| Ireland 0.8% | 9,937,246 | ||||
| Medtronic PLC | 104,339 | 9,937,246 | |||
| Italy 2.4% | 30,534,250 | ||||
| Infrastrutture Wireless Italiane SpA (A) | 742,248 | 8,722,501 | |||
| Snam SpA | 2,541,708 | 15,261,037 | |||
| Terna - Rete Elettrica Nazionale | 645,485 | 6,550,712 | |||
| Japan 2.0% | 26,059,149 | ||||
| Astellas Pharma, Inc. (C) | 832,300 | 9,072,054 | |||
| NHK Spring Company, Ltd. | 619,000 | 9,294,908 | |||
| Toyota Motor Corp. | 400,500 | 7,692,187 | |||
| Norway 0.6% | 7,746,439 | ||||
| Equinor ASA | 317,658 | 7,746,439 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 2 |
| Shares | Value | ||||
| South Korea 2.0% | $25,655,017 | ||||
| Samsung Electronics Company, Ltd., GDR (A) | 9,285 | 13,940,788 | |||
| SK Telecom Company, Ltd. | 302,184 | 11,714,229 | |||
| Switzerland 2.3% | 30,058,807 | ||||
| Nestle SA | 72,727 | 6,678,901 | |||
| Novartis AG | 124,013 | 15,945,384 | |||
| Roche Holding AG | 22,327 | 7,434,522 | |||
| Taiwan 1.7% | 22,164,175 | ||||
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 79,359 | 22,164,175 | |||
| United Kingdom 9.9% | 128,649,997 | ||||
| AstraZeneca PLC, ADR | 123,571 | 9,480,367 | |||
| BAE Systems PLC | 268,805 | 7,482,568 | |||
| British American Tobacco PLC | 343,964 | 18,294,509 | |||
| Coca-Cola Europacific Partners PLC | 152,086 | 13,750,095 | |||
| GSK PLC | 612,327 | 13,147,862 | |||
| Imperial Brands PLC | 531,640 | 22,584,810 | |||
| Lloyds Banking Group PLC | 8,811,973 | 9,971,488 | |||
| National Grid PLC | 704,065 | 10,116,471 | |||
| Schroders PLC | 1,626,534 | 8,253,897 | |||
| Segro PLC | 777,014 | 6,865,727 | |||
| Unilever PLC | 147,224 | 8,702,203 | |||
| United States 58.9% | 763,054,482 | ||||
| AbbVie, Inc. | 108,758 | 25,181,827 | |||
| Alphabet, Inc., Class C | 29,628 | 7,215,899 | |||
| American Electric Power Company, Inc. | 105,002 | 11,812,725 | |||
| Analog Devices, Inc. | 63,691 | 15,648,879 | |||
| Apple, Inc. | 50,587 | 12,880,968 | |||
| AT&T, Inc. | 577,619 | 16,311,961 | |||
| Bank of America Corp. | 165,350 | 8,530,407 | |||
| Best Buy Company, Inc. | 100,801 | 7,622,572 | |||
| Bristol-Myers Squibb Company | 168,003 | 7,576,935 | |||
| Broadcom, Inc. | 85,328 | 28,150,560 | |||
| Chevron Corp. | 49,296 | 7,655,176 | |||
| Cisco Systems, Inc. | 342,082 | 23,405,250 | |||
| Columbia Banking System, Inc. | 338,438 | 8,711,394 | |||
| Cummins, Inc. | 24,196 | 10,219,665 | |||
| CVS Health Corp. | 282,068 | 21,265,107 | |||
| Dell Technologies, Inc., Class C | 158,674 | 22,495,213 | |||
| Duke Energy Corp. | 61,896 | 7,659,630 | |||
| Emerson Electric Company | 55,755 | 7,313,941 | |||
| Entergy Corp. | 123,571 | 11,515,581 | |||
| Enterprise Products Partners LP | 484,114 | 15,138,245 | |||
| Essential Utilities, Inc. | 184,361 | 7,356,004 | |||
| 3 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Shares | Value | ||||
| United States (continued) | |||||
| Hasbro, Inc. | 188,561 | $14,302,352 | |||
| Hewlett Packard Enterprise Company | 964,853 | 23,696,790 | |||
| IBM Corp. | 78,696 | 22,204,863 | |||
| Iron Mountain, Inc. | 93,065 | 9,487,046 | |||
| Johnson & Johnson | 41,323 | 7,662,111 | |||
| JPMorgan Chase & Co. | 31,390 | 9,901,348 | |||
| KLA Corp. | 11,936 | 12,874,170 | |||
| Lazard, Inc. | 268,142 | 14,152,535 | |||
| Linde PLC | 15,114 | 7,179,150 | |||
| Lockheed Martin Corp. | 14,972 | 7,474,172 | |||
| LyondellBasell Industries NV, Class A | 216,857 | 10,634,667 | |||
| McCormick & Company, Inc. | 111,083 | 7,432,564 | |||
| McDonald’s Corp. | 23,211 | 7,053,591 | |||
| Merck & Company, Inc. | 86,212 | 7,235,773 | |||
| Meta Platforms, Inc., Class A | 11,053 | 8,117,102 | |||
| MetLife, Inc. | 147,002 | 12,108,555 | |||
| Microchip Technology, Inc. | 194,780 | 12,508,772 | |||
| Microsoft Corp. | 56,591 | 29,311,304 | |||
| Mondelez International, Inc., Class A | 110,307 | 6,890,878 | |||
| MPLX LP | 329,153 | 16,441,192 | |||
| MSC Industrial Direct Company, Inc., Class A | 168,666 | 15,540,885 | |||
| NetApp, Inc. | 75,380 | 8,929,515 | |||
| NextEra Energy, Inc. | 131,086 | 9,895,682 | |||
| NiSource, Inc. | 167,340 | 7,245,822 | |||
| Omnicom Group, Inc. | 94,834 | 7,731,816 | |||
| Paychex, Inc. | 55,925 | 7,089,053 | |||
| PepsiCo, Inc. | 55,486 | 7,792,454 | |||
| Pfizer, Inc. | 306,605 | 7,812,295 | |||
| Philip Morris International, Inc. | 99,476 | 16,135,007 | |||
| Pinnacle West Capital Corp. | 78,476 | 7,036,158 | |||
| Realty Income Corp. | 169,992 | 10,333,814 | |||
| Regions Financial Corp. | 288,258 | 7,601,363 | |||
| RTX Corp. | 44,212 | 7,397,994 | |||
| Texas Instruments, Inc. | 75,239 | 13,823,661 | |||
| The Coca-Cola Company | 111,134 | 7,370,407 | |||
| The Home Depot, Inc. | 18,569 | 7,523,973 | |||
| The Toro Company | 97,486 | 7,428,433 | |||
| Truist Financial Corp. | 169,329 | 7,741,722 | |||
| U.S. Bancorp | 242,278 | 11,709,296 | |||
| United Parcel Service, Inc., Class B | 88,202 | 7,367,513 | |||
| Vail Resorts, Inc. | 45,317 | 6,778,064 | |||
| Verizon Communications, Inc. | 368,723 | 16,205,376 | |||
| VICI Properties, Inc. | 370,269 | 12,074,472 | |||
| Walmart, Inc. | 64,327 | 6,629,541 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 4 |
| Shares | Value | ||||
| United States (continued) | |||||
| WEC Energy Group, Inc. | 65,654 | $7,523,292 | |||
| Yield (%) | Shares | Value | |||
| Short-term investments 0.7% | $9,544,885 | ||||
| (Cost $9,545,226) | |||||
| Short-term funds 0.7% | 9,544,885 | ||||
| John Hancock Collateral Trust (D) | 4.0668(E) | 954,164 | 9,544,885 | ||
| Total investments (Cost $831,398,760) 99.1% | $1,283,984,903 | ||||
| Other assets and liabilities, net 0.9% | 11,503,186 | ||||
| Total net assets 100.0% | $1,295,488,089 | ||||
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
| Security Abbreviations and Legend | |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| (A) | This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (B) | Non-income producing security. |
| (C) | All or a portion of this security is on loan as of 9-30-25. |
| (D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
| (E) | The rate shown is the annualized seven-day yield as of 9-30-25. |
| Information technology | 20.2% |
| Financials | 14.1% |
| Health care | 12.2% |
| Consumer staples | 9.4% |
| Communication services | 9.4% |
| Industrials | 8.3% |
| Utilities | 7.9% |
| Consumer discretionary | 6.2% |
| Energy | 5.5% |
| Real estate | 3.0% |
| Materials | 2.2% |
| Short-term investments and other | 1.6% |
| TOTAL | 100.0% |
| 5 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Assets | |
| Unaffiliated investments, at value (Cost $821,853,534) including $9,055,513 of securities loaned | $1,274,440,018 |
| Affiliated investments, at value (Cost $9,545,226) | 9,544,885 |
| Total investments, at value (Cost $831,398,760) | 1,283,984,903 |
| Cash | 10,904,670 |
| Foreign currency, at value (Cost $1,520,200) | 1,525,771 |
| Dividends and interest receivable | 4,207,568 |
| Receivable for fund shares sold | 980,121 |
| Receivable for investments sold | 7,985,533 |
| Receivable for securities lending income | 2,736 |
| Receivable from affiliates | 4,943 |
| Other assets | 116,402 |
| Total assets | 1,309,712,647 |
| Liabilities | |
| Payable for investments purchased | 3,413,987 |
| Payable for fund shares repurchased | 923,242 |
| Payable upon return of securities loaned | 9,545,350 |
| Payable to affiliates | |
| Accounting and legal services fees | 36,448 |
| Transfer agent fees | 87,064 |
| Distribution and service fees | 166 |
| Trustees’ fees | 327 |
| Other liabilities and accrued expenses | 217,974 |
| Total liabilities | 14,224,558 |
| Net assets | $1,295,488,089 |
| Net assets consist of | |
| Paid-in capital | $771,138,135 |
| Total distributable earnings (loss) | 524,349,954 |
| Net assets | $1,295,488,089 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Global Shareholder Yield Fund | 6 |
| 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 A ($332,632,899 ÷ 24,862,001 shares)1 | $13.38 |
| Class C ($4,287,192 ÷ 319,428 shares)1 | $13.42 |
| Class I ($633,385,690 ÷ 47,084,433 shares) | $13.45 |
| Class R2 ($816,202 ÷ 60,487 shares) | $13.49 |
| Class R6 ($324,366,106 ÷ 24,168,353 shares) | $13.42 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 95%)2 | $14.08 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 7 | JOHN HANCOCK Global Shareholder Yield Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| Investment income | |
| Dividends | $25,022,574 |
| Tax reclaims | 672,300 |
| Interest | 78,376 |
| Securities lending | 6,755 |
| Less foreign taxes withheld | (1,286,928) |
| Total investment income | 24,493,077 |
| Expenses | |
| Investment management fees | 4,963,931 |
| Distribution and service fees | 503,879 |
| Accounting and legal services fees | 107,839 |
| Transfer agent fees | 526,406 |
| Trustees’ fees | 15,779 |
| Custodian fees | 157,241 |
| State registration fees | 57,265 |
| Printing and postage | 53,843 |
| Professional fees | 69,785 |
| Other | 23,327 |
| Total expenses | 6,479,295 |
| Less expense reductions | (998,456) |
| Net expenses | 5,480,839 |
| Net investment income | 19,012,238 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments and foreign currency transactions | 44,917,434 |
| Affiliated investments | 1,111 |
| 44,918,545 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 96,755,429 |
| Affiliated investments | (341) |
| 96,755,088 | |
| Net realized and unrealized gain | 141,673,633 |
| Increase in net assets from operations | $160,685,871 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Global Shareholder Yield Fund | 8 |
| Six months ended 9-30-25 (unaudited) | Year ended 3-31-25 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment income | $19,012,238 | $33,344,265 |
| Net realized gain | 44,918,545 | 114,095,474 |
| Change in net unrealized appreciation (depreciation) | 96,755,088 | 10,960,453 |
| Increase in net assets resulting from operations | 160,685,871 | 158,400,192 |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | (4,435,679) | (22,994,809) |
| Class C | (46,523) | (403,891) |
| Class I | (9,131,991) | (44,665,245) |
| Class R2 | (10,143) | (52,219) |
| Class R6 | (4,833,859) | (23,011,364) |
| Class NAV1 | — | (5,239,467) |
| Total distributions | (18,458,195) | (96,366,995) |
| From fund share transactions | ||
| Fund share transactions | (41,413,793) | (155,831,733) |
| Issued in reorganization | — | 57,311,735 |
| From fund share transactions | (41,413,793) | (98,519,998) |
| Total increase (decrease) | 100,813,883 | (36,486,801) |
| Net assets | ||
| Beginning of period | 1,194,674,206 | 1,231,161,007 |
| End of period | $1,295,488,089 | $1,194,674,206 |
| 1 | Class NAV shares were fully redeemed on 1-21-25. |
| 9 | JOHN HANCOCK Global Shareholder Yield Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS A SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $11.93 | $11.38 | $10.36 | $11.64 | $11.76 | $8.62 |
| Net investment income2 | 0.18 | 0.29 | 0.29 | 0.29 | 0.28 | 0.27 |
| Net realized and unrealized gain (loss) on investments | 1.45 | 1.16 | 1.17 | (0.63) | 0.86 | 3.16 |
| Total from investment operations | 1.63 | 1.45 | 1.46 | (0.34) | 1.14 | 3.43 |
| Less distributions | ||||||
| From net investment income | (0.18) | (0.31) | (0.27) | (0.33) | (0.28) | (0.29) |
| From net realized gain | — | (0.59) | (0.17) | (0.61) | (0.98) | — |
| Total distributions | (0.18) | (0.90) | (0.44) | (0.94) | (1.26) | (0.29) |
| Net asset value, end of period | $13.38 | $11.93 | $11.38 | $10.36 | $11.64 | $11.76 |
| Total return (%)3,4 | 13.715 | 13.24 | 14.51 | (2.48) | 10.05 | 40.22 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $333 | $307 | $308 | $304 | $327 | $318 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.296 | 1.33 | 1.31 | 1.29 | 1.28 | 1.29 |
| Expenses including reductions | 1.096 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 |
| Net investment income | 2.866 | 2.45 | 2.70 | 2.73 | 2.32 | 2.58 |
| Portfolio turnover (%) | 9 | 177 | 21 | 28 | 24 | 30 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Global Shareholder Yield Fund | 10 |
| CLASS C SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $11.97 | $11.42 | $10.40 | $11.67 | $11.79 | $8.64 |
| Net investment income2 | 0.14 | 0.21 | 0.21 | 0.22 | 0.20 | 0.19 |
| Net realized and unrealized gain (loss) on investments | 1.44 | 1.15 | 1.18 | (0.63) | 0.85 | 3.17 |
| Total from investment operations | 1.58 | 1.36 | 1.39 | (0.41) | 1.05 | 3.36 |
| Less distributions | ||||||
| From net investment income | (0.13) | (0.22) | (0.20) | (0.25) | (0.19) | (0.21) |
| From net realized gain | — | (0.59) | (0.17) | (0.61) | (0.98) | — |
| Total distributions | (0.13) | (0.81) | (0.37) | (0.86) | (1.17) | (0.21) |
| Net asset value, end of period | $13.42 | $11.97 | $11.42 | $10.40 | $11.67 | $11.79 |
| Total return (%)3,4 | 13.255 | 12.35 | 13.61 | (3.15) | 9.19 | 39.22 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $4 | $5 | $8 | $12 | $20 | $29 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.996 | 2.03 | 2.01 | 1.99 | 1.98 | 1.99 |
| Expenses including reductions | 1.846 | 1.84 | 1.84 | 1.84 | 1.84 | 1.84 |
| Net investment income | 2.176 | 1.76 | 2.03 | 2.06 | 1.63 | 1.89 |
| Portfolio turnover (%) | 9 | 177 | 21 | 28 | 24 | 30 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Excludes reorganization activity. |
| 11 | JOHN HANCOCK Global Shareholder Yield Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS I SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $12.00 | $11.44 | $10.41 | $11.69 | $11.81 | $8.65 |
| Net investment income2 | 0.20 | 0.32 | 0.31 | 0.32 | 0.31 | 0.29 |
| Net realized and unrealized gain (loss) on investments | 1.44 | 1.17 | 1.19 | (0.63) | 0.86 | 3.18 |
| Total from investment operations | 1.64 | 1.49 | 1.50 | (0.31) | 1.17 | 3.47 |
| Less distributions | ||||||
| From net investment income | (0.19) | (0.34) | (0.30) | (0.36) | (0.31) | (0.31) |
| From net realized gain | — | (0.59) | (0.17) | (0.61) | (0.98) | — |
| Total distributions | (0.19) | (0.93) | (0.47) | (0.97) | (1.29) | (0.31) |
| Net asset value, end of period | $13.45 | $12.00 | $11.44 | $10.41 | $11.69 | $11.81 |
| Total return (%)3 | 13.764 | 13.54 | 14.82 | (2.22) | 10.28 | 40.65 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $633 | $581 | $550 | $550 | $377 | $396 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.995 | 1.03 | 1.01 | 0.99 | 0.98 | 0.99 |
| Expenses including reductions | 0.845 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 |
| Net investment income | 3.115 | 2.70 | 2.95 | 3.00 | 2.59 | 2.78 |
| Portfolio turnover (%) | 9 | 176 | 21 | 28 | 24 | 30 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Global Shareholder Yield Fund | 12 |
| CLASS R2 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $12.03 | $11.47 | $10.44 | $11.71 | $11.83 | $8.66 |
| Net investment income2 | 0.17 | 0.28 | 0.27 | 0.28 | 0.27 | 0.25 |
| Net realized and unrealized gain (loss) on investments | 1.46 | 1.16 | 1.19 | (0.62) | 0.85 | 3.19 |
| Total from investment operations | 1.63 | 1.44 | 1.46 | (0.34) | 1.12 | 3.44 |
| Less distributions | ||||||
| From net investment income | (0.17) | (0.29) | (0.26) | (0.32) | (0.26) | (0.27) |
| From net realized gain | — | (0.59) | (0.17) | (0.61) | (0.98) | — |
| Total distributions | (0.17) | (0.88) | (0.43) | (0.93) | (1.24) | (0.27) |
| Net asset value, end of period | $13.49 | $12.03 | $11.47 | $10.44 | $11.71 | $11.83 |
| Total return (%)3 | 13.594 | 13.05 | 14.32 | (2.53) | 9.82 | 40.19 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $1 | $1 | $1 | $1 | $1 | $1 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.365 | 1.40 | 1.38 | 1.34 | 1.34 | 1.35 |
| Expenses including reductions | 1.225 | 1.22 | 1.23 | 1.21 | 1.21 | 1.23 |
| Net investment income | 2.725 | 2.30 | 2.54 | 2.62 | 2.20 | 2.45 |
| Portfolio turnover (%) | 9 | 176 | 21 | 28 | 24 | 30 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes reorganization activity. |
| 13 | JOHN HANCOCK Global Shareholder Yield Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R6 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $11.97 | $11.42 | $10.39 | $11.67 | $11.79 | $8.64 |
| Net investment income2 | 0.20 | 0.33 | 0.32 | 0.33 | 0.32 | 0.30 |
| Net realized and unrealized gain (loss) on investments | 1.45 | 1.16 | 1.19 | (0.63) | 0.86 | 3.17 |
| Total from investment operations | 1.65 | 1.49 | 1.51 | (0.30) | 1.18 | 3.47 |
| Less distributions | ||||||
| From net investment income | (0.20) | (0.35) | (0.31) | (0.37) | (0.32) | (0.32) |
| From net realized gain | — | (0.59) | (0.17) | (0.61) | (0.98) | — |
| Total distributions | (0.20) | (0.94) | (0.48) | (0.98) | (1.30) | (0.32) |
| Net asset value, end of period | $13.42 | $11.97 | $11.42 | $10.39 | $11.67 | $11.79 |
| Total return (%)3 | 13.854 | 13.59 | 14.96 | (2.12) | 10.40 | 40.72 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $324 | $301 | $289 | $279 | $278 | $275 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.885 | 0.92 | 0.89 | 0.88 | 0.88 | 0.88 |
| Expenses including reductions | 0.745 | 0.74 | 0.74 | 0.74 | 0.74 | 0.74 |
| Net investment income | 3.215 | 2.80 | 3.05 | 3.06 | 2.68 | 2.94 |
| Portfolio turnover (%) | 9 | 176 | 21 | 28 | 24 | 30 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Global Shareholder Yield Fund | 14 |
| 15 | JOHN HANCOCK Global Shareholder Yield Fund | |
| Total value at 9-30-25 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | ||||
| Austria | $19,321,630 | — | $19,321,630 | — |
| Canada | 61,545,947 | $61,545,947 | — | — |
| France | 87,378,670 | — | 87,378,670 | — |
| Germany | 54,283,680 | — | 54,283,680 | — |
| Hong Kong | 8,050,529 | — | 8,050,529 | — |
| Ireland | 9,937,246 | 9,937,246 | — | — |
| Italy | 30,534,250 | — | 30,534,250 | — |
| Japan | 26,059,149 | — | 26,059,149 | — |
| Norway | 7,746,439 | — | 7,746,439 | — |
| South Korea | 25,655,017 | — | 25,655,017 | — |
| Switzerland | 30,058,807 | — | 30,058,807 | — |
| Taiwan | 22,164,175 | 22,164,175 | — | — |
| United Kingdom | 128,649,997 | 23,230,462 | 105,419,535 | — |
| United States | 763,054,482 | 763,054,482 | — | — |
| Short-term investments | 9,544,885 | 9,544,885 | — | — |
| Total investments in securities | $1,283,984,903 | $889,477,197 | $394,507,706 | — |
| | JOHN HANCOCK Global Shareholder Yield Fund | 16 |
| 17 | JOHN HANCOCK Global Shareholder Yield Fund | |
| | JOHN HANCOCK Global Shareholder Yield Fund | 18 |
| 19 | JOHN HANCOCK Global Shareholder Yield Fund | |
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| | JOHN HANCOCK Global Shareholder Yield Fund | 20 |
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $478,628 | $177,606 |
| Class C | 23,410 | 2,611 |
| Class I | — | 337,127 |
| Class R2 | 1,841 | 23 |
| Class R6 | — | 9,039 |
| Total | $503,879 | $526,406 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 907,313 | $11,322,132 | 1,471,790 | $17,449,038 |
| Distributions reinvested | 343,745 | 4,398,112 | 1,993,206 | 22,833,385 |
| Repurchased | (2,151,354) | (26,980,297) | (4,748,466) | (56,283,290) |
| Net decrease | (900,296) | $(11,260,053) | (1,283,470) | $(16,000,867) |
| Class C shares | ||||
| Sold | 8,067 | $101,294 | 12,480 | $147,722 |
| Distributions reinvested | 3,642 | 46,523 | 35,241 | 403,891 |
| Repurchased | (113,765) | (1,435,320) | (363,834) | (4,306,484) |
| Net decrease | (102,056) | $(1,287,503) | (316,113) | $(3,754,871) |
| Class I shares | ||||
| Sold | 3,228,387 | $40,585,150 | 5,690,976 | $68,075,900 |
| Issued in reorganization (Note 8) | — | — | 5,115,521 | 57,311,735 |
| Distributions reinvested | 705,098 | 9,078,166 | 3,847,219 | 44,319,462 |
| Repurchased | (5,254,684) | (66,485,323) | (14,305,797) | (169,401,147) |
| Net increase (decrease) | (1,321,199) | $(16,822,007) | 347,919 | $305,950 |
| 21 | JOHN HANCOCK Global Shareholder Yield Fund | |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class R2 shares | ||||
| Sold | 2,344 | $29,742 | 3,979 | $47,481 |
| Distributions reinvested | 778 | 10,045 | 4,481 | 51,697 |
| Repurchased | (3,963) | (51,350) | (5,658) | (66,945) |
| Net increase (decrease) | (841) | $(11,563) | 2,802 | $32,233 |
| Class R6 shares | ||||
| Sold | 1,270,551 | $16,040,022 | 3,511,628 | $42,116,773 |
| Distributions reinvested | 374,995 | 4,818,337 | 1,995,743 | 22,951,901 |
| Repurchased | (2,616,638) | (32,891,026) | (5,656,153) | (67,296,449) |
| Net decrease | (971,092) | $(12,032,667) | (148,782) | $(2,227,775) |
| Class NAV shares1 | ||||
| Sold | — | — | 26,516 | $326,336 |
| Distributions reinvested | — | — | 456,313 | 5,239,467 |
| Repurchased | — | — | (7,105,786) | (82,440,471) |
| Net decrease | — | — | (6,622,957) | $(76,874,668) |
| Total net decrease | (3,295,484) | $(41,413,793) | (8,020,601) | $(98,519,998) |
| 1 | Class NAV shares were fully redeemed on 1-21-25. |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 954,164 | $15,086,503 | $42,913,504 | $(48,455,892) | $1,111 | $(341) | $6,755 | — | $9,544,885 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| | JOHN HANCOCK Global Shareholder Yield Fund | 22 |
| Acquiring Fund | Acquired Fund | Net Asset Value of the Acquired Fund | Appreciation of the Acquired Fund’s Investments | Shares Redeemed by the Acquired Fund | Shares Issued by the Acquiring Fund | Acquiring Fund Net Assets Prior to Combination | Acquiring Fund Total Net Assets After Combination |
| Global Shareholder Yield Fund | Tax-Advantaged Global Shareholder Yield Fund | $57,311,735 | $537,445 | 10,921,751 | 5,115,521 | $1,194,550,471 | $1,251,862,206 |
| 23 | JOHN HANCOCK Global Shareholder Yield Fund | |
| | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 24 |
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
| (e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| 25 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | |
| (f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
| (g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
| (a) | reviewed information prepared by management regarding the fund’s performance; |
| (b) | considered the comparative performance of an applicable benchmark index; |
| (c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
| (d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 26 |
| (a) | reviewed financial information of the Advisor; |
| (b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
| (c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
| (d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
| (e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
| (f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
| (g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
| (h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
| (i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
| (j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is |
| 27 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | |
| based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
| (b) | the Board also took into account management’s discussion of the fund’s advisory fee structure; and |
| (c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
| (1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
| (2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
| (3) | the subadvisory fee for the fund, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
| (4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
| | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | 28 |
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
| (2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds; |
| (3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
| (4) | noted that the subadvisory fees are paid by the Advisor not the fund. |
| 29 | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND | |
| MF4864504 | 320SA 9/25 |
| Shares | Value | ||||
| Common stocks 97.1% | $5,355,043,051 | ||||
| (Cost $3,657,672,617) | |||||
| Belgium 1.3% | 70,446,202 | ||||
| KBC Group NV | 587,839 | 70,446,202 | |||
| Brazil 1.2% | 66,499,779 | ||||
| Ambev SA | 29,274,479 | 66,499,779 | |||
| Canada 3.8% | 209,026,740 | ||||
| ARC Resources, Ltd. (A) | 2,776,363 | 50,631,668 | |||
| Constellation Software, Inc. | 35,955 | 97,605,282 | |||
| iA Financial Corp., Inc. | 534,672 | 60,789,790 | |||
| China 8.5% | 470,039,752 | ||||
| ANTA Sports Products, Ltd. | 5,760,556 | 69,002,093 | |||
| NetEase, Inc. | 1,935,008 | 58,770,713 | |||
| NetEase, Inc., ADR | 308,625 | 46,907,914 | |||
| Tencent Holdings, Ltd. | 3,466,265 | 295,359,032 | |||
| Denmark 1.3% | 69,296,403 | ||||
| DSV A/S | 346,880 | 69,296,403 | |||
| France 6.8% | 372,304,585 | ||||
| Accor SA | 1,320,284 | 62,727,377 | |||
| Legrand SA | 553,374 | 91,949,482 | |||
| Rexel SA | 1,725,286 | 56,802,116 | |||
| Safran SA | 453,196 | 160,825,610 | |||
| Germany 5.9% | 322,859,585 | ||||
| Allianz SE | 129,097 | 54,314,707 | |||
| Heidelberg Materials AG | 335,122 | 75,753,094 | |||
| Rheinmetall AG | 43,532 | 101,829,070 | |||
| Siemens Energy AG (B) | 773,628 | 90,962,714 | |||
| Hong Kong 2.9% | 160,907,691 | ||||
| AIA Group, Ltd. | 10,036,627 | 96,190,660 | |||
| Prudential PLC | 4,622,743 | 64,717,031 | |||
| Hungary 0.6% | 31,245,097 | ||||
| OTP Bank NYRT | 361,201 | 31,245,097 | |||
| India 3.6% | 200,359,340 | ||||
| Bharti Airtel, Ltd. | 5,708,559 | 121,028,755 | |||
| ICICI Bank, Ltd. | 5,231,037 | 79,330,585 | |||
| Israel 1.3% | 70,913,960 | ||||
| Bank Leumi Le-Israel BM | 3,599,220 | 70,913,960 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 2 |
| Shares | Value | ||||
| Italy 1.0% | $57,465,655 | ||||
| FinecoBank SpA | 2,647,735 | 57,465,655 | |||
| Japan 15.9% | 878,620,675 | ||||
| Ajinomoto Company, Inc. | 3,108,889 | 89,129,382 | |||
| Bandai Namco Holdings, Inc. | 1,701,000 | 56,594,821 | |||
| Hitachi, Ltd. | 4,540,199 | 120,283,791 | |||
| M3, Inc. | 3,590,400 | 58,122,489 | |||
| Mizuho Financial Group, Inc. | 2,305,800 | 77,511,431 | |||
| Obic Company, Ltd. | 1,871,503 | 65,228,226 | |||
| Recruit Holdings Company, Ltd. | 1,401,833 | 75,367,915 | |||
| SoftBank Group Corp. | 793,279 | 100,096,350 | |||
| Sony Financial Group, Inc. (B) | 5,648,548 | 6,264,069 | |||
| Sony Group Corp. | 5,648,548 | 162,377,126 | |||
| Tokyo Electron, Ltd. | 381,600 | 67,645,075 | |||
| Netherlands 5.4% | 297,767,073 | ||||
| Adyen NV (B)(C) | 48,863 | 78,624,622 | |||
| Argenx SE (B) | 119,254 | 88,111,012 | |||
| NXP Semiconductors NV | 301,282 | 68,610,950 | |||
| QIAGEN NV | 1,399,449 | 62,420,489 | |||
| Portugal 1.4% | 75,085,084 | ||||
| Jeronimo Martins SGPS SA | 3,084,176 | 75,085,084 | |||
| Singapore 2.8% | 154,641,155 | ||||
| Singapore Telecommunications, Ltd. | 26,856,475 | 85,861,957 | |||
| Trip.com Group, Ltd., ADR | 914,617 | 68,779,198 | |||
| South Korea 1.4% | 79,127,030 | ||||
| Hanwha Aerospace Company, Ltd. | 100,055 | 79,127,030 | |||
| Spain 1.6% | 86,829,443 | ||||
| Industria de Diseno Textil SA | 1,568,905 | 86,829,443 | |||
| Sweden 1.3% | 74,204,600 | ||||
| Volvo AB, B Shares | 2,580,349 | 74,204,600 | |||
| Switzerland 3.8% | 211,236,804 | ||||
| Amrize, Ltd. (B) | 1,078,350 | 52,726,792 | |||
| Holcim, Ltd. (B) | 433,554 | 36,992,773 | |||
| UBS Group AG | 2,955,650 | 121,517,239 | |||
| Taiwan 10.6% | 582,475,986 | ||||
| Accton Technology Corp. | 197,000 | 6,812,498 | |||
| Delta Electronics, Inc. | 976,507 | 27,508,291 | |||
| MediaTek, Inc. | 1,613,234 | 69,965,501 | |||
| Taiwan Semiconductor Manufacturing Company, Ltd. | 11,008,604 | 478,189,696 | |||
| 3 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Shares | Value | ||||
| United Kingdom 12.3% | $676,427,540 | ||||
| Allfunds Group PLC | 6,440,169 | 48,070,666 | |||
| Aon PLC, Class A | 145,742 | 51,968,682 | |||
| AstraZeneca PLC | 982,145 | 150,465,591 | |||
| British American Tobacco PLC | 1,450,631 | 77,155,114 | |||
| Bunzl PLC | 1,613,708 | 51,004,771 | |||
| Haleon PLC | 13,627,153 | 61,324,625 | |||
| ICG PLC | 1,819,739 | 54,634,829 | |||
| Next PLC | 507,724 | 84,639,498 | |||
| Unilever PLC | 1,643,818 | 97,163,764 | |||
| United States 1.0% | 57,601,261 | ||||
| Flutter Entertainment PLC (B) | 220,835 | 57,601,261 | |||
| Uruguay 1.4% | 79,661,611 | ||||
| MercadoLibre, Inc. (B) | 34,088 | 79,661,611 | |||
| Preferred securities 1.7% | $91,971,246 | ||||
| (Cost $78,437,786) | |||||
| Brazil 1.7% | 91,971,246 | ||||
| Itau Unibanco Holding SA | 12,528,640 | 91,971,246 | |||
| Yield (%) | Shares | Value | |||
| Short-term investments 1.4% | $78,743,408 | ||||
| (Cost $78,742,779) | |||||
| Short-term funds 0.6% | 33,343,408 | ||||
| John Hancock Collateral Trust (D) | 4.0668(E) | 3,333,207 | 33,343,408 | ||
| Par value^ | Value | ||||
| Repurchase agreement 0.8% | 45,400,000 | ||||
| Bank of America Corp. Tri-Party Repurchase Agreement dated 9-30-25 at 4.210% to be repurchased at $22,702,655 on 10-1-25, collateralized by $6,766,232 Federal Home Loan Mortgage Corp., 2.500% - 6.910% due 5-1-36 to 12-1-54 (valued at $6,693,902) and $16,846,281 Federal National Mortgage Association, 2.500% - 7.000% due 1-1-38 to 9-1-55 (valued at $16,460,098) | 22,700,000 | 22,700,000 | |||
| Societe Generale SA Tri-Party Repurchase Agreement dated 9-30-25 at 4.200% to be repurchased at $22,702,648 on 10-1-25, collateralized by $23,542,100 U.S. Treasury Bonds, 4.500% due 11-15-54 (valued at $23,154,008) | 22,700,000 | 22,700,000 | |||
| Total investments (Cost $3,814,853,182) 100.2% | $5,525,757,705 | ||||
| Other assets and liabilities, net (0.2%) | (9,346,418) | ||||
| Total net assets 100.0% | $5,516,411,287 | ||||
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 4 |
| Security Abbreviations and Legend | |
| ADR | American Depositary Receipt |
| (A) | All or a portion of this security is on loan as of 9-30-25. |
| (B) | Non-income producing security. |
| (C) | This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (D) | Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending. |
| (E) | The rate shown is the annualized seven-day yield as of 9-30-25. |
| Financials | 20.2% |
| Industrials | 17.6% |
| Information technology | 16.0% |
| Consumer discretionary | 13.2% |
| Communication services | 12.9% |
| Health care | 7.6% |
| Consumer staples | 7.4% |
| Materials | 3.0% |
| Energy | 0.9% |
| Short-term investments and other | 1.2% |
| TOTAL | 100.0% |
| 5 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Assets | |
| Unaffiliated investments, at value (Cost $3,781,510,403) including $31,526,999 of securities loaned | $5,492,414,297 |
| Affiliated investments, at value (Cost $33,342,779) | 33,343,408 |
| Total investments, at value (Cost $3,814,853,182) | 5,525,757,705 |
| Cash | 97,774 |
| Foreign currency, at value (Cost $2,803,301) | 2,756,599 |
| Dividends and interest receivable | 26,075,721 |
| Receivable for fund shares sold | 6,665,044 |
| Receivable for investments sold | 10,687,542 |
| Receivable for securities lending income | 3,561 |
| Other assets | 609,295 |
| Total assets | 5,572,653,241 |
| Liabilities | |
| Foreign capital gains tax payable | 10,777,437 |
| Payable for investments purchased | 6,799,008 |
| Payable for fund shares repurchased | 3,853,985 |
| Payable upon return of securities loaned | 33,342,800 |
| Payable to affiliates | |
| Accounting and legal services fees | 154,716 |
| Transfer agent fees | 302,377 |
| Distribution and service fees | 1,753 |
| Trustees’ fees | 1,813 |
| Other liabilities and accrued expenses | 1,008,065 |
| Total liabilities | 56,241,954 |
| Net assets | $5,516,411,287 |
| Net assets consist of | |
| Paid-in capital | $4,190,859,573 |
| Total distributable earnings (loss) | 1,325,551,714 |
| Net assets | $5,516,411,287 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 6 |
| 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 A ($544,244,353 ÷ 16,178,182 shares)1 | $33.64 |
| Class C ($22,767,334 ÷ 716,074 shares)1 | $31.79 |
| Class I ($2,760,535,657 ÷ 81,317,617 shares) | $33.95 |
| Class R2 ($4,391,638 ÷ 130,689 shares) | $33.60 |
| Class R4 ($11,243,781 ÷ 332,171 shares) | $33.85 |
| Class R6 ($1,901,464,969 ÷ 55,822,016 shares) | $34.06 |
| Class 1 ($60,553,184 ÷ 1,782,647 shares) | $33.97 |
| Class NAV ($211,210,371 ÷ 6,212,097 shares) | $34.00 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 95%)2 | $35.41 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 7 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| Investment income | |
| Dividends | $66,836,176 |
| Interest | 2,609,659 |
| Securities lending | 236,980 |
| Less foreign taxes withheld | (5,393,166) |
| Total investment income | 64,289,649 |
| Expenses | |
| Investment management fees | 21,159,596 |
| Distribution and service fees | 942,935 |
| Accounting and legal services fees | 445,100 |
| Transfer agent fees | 1,783,202 |
| Trustees’ fees | 66,240 |
| Custodian fees | 1,029,883 |
| State registration fees | 70,662 |
| Printing and postage | 162,676 |
| Professional fees | 121,723 |
| Other | 146,288 |
| Total expenses | 25,928,305 |
| Less expense reductions | (227,595) |
| Net expenses | 25,700,710 |
| Net investment income | 38,588,939 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments and foreign currency transactions | 199,446,714 |
| Affiliated investments | (3,551) |
| 199,443,163 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 667,820,883 |
| Affiliated investments | 1,073 |
| 667,821,956 | |
| Net realized and unrealized gain | 867,265,119 |
| Increase in net assets from operations | $905,854,058 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 8 |
| Six months ended 9-30-25 (unaudited) | Year ended 3-31-25 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment income | $38,588,939 | $51,239,822 |
| Net realized gain | 199,443,163 | 788,546,676 |
| Change in net unrealized appreciation (depreciation) | 667,821,956 | (394,608,245) |
| Increase in net assets resulting from operations | 905,854,058 | 445,178,253 |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | — | (2,205,595) |
| Class I | — | (18,259,683) |
| Class R2 | — | (13,200) |
| Class R4 | — | (61,384) |
| Class R6 | — | (14,244,672) |
| Class 1 | — | (427,364) |
| Class NAV | — | (6,750,640) |
| Total distributions | — | (41,962,538) |
| From fund share transactions | (144,979,472) | (1,609,544,344) |
| Total increase (decrease) | 760,874,586 | (1,206,328,629) |
| Net assets | ||
| Beginning of period | 4,755,536,701 | 5,961,865,330 |
| End of period | $5,516,411,287 | $4,755,536,701 |
| 9 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS A SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.20 | $26.31 | $23.88 | $29.99 | $37.88 | $24.58 |
| Net investment income (loss)2 | 0.19 | 0.17 | 0.24 | 0.25 | 0.14 | (0.04) |
| Net realized and unrealized gain (loss) on investments | 5.25 | 1.85 | 2.77 | (3.29) | (2.80) | 13.34 |
| Total from investment operations | 5.44 | 2.02 | 3.01 | (3.04) | (2.66) | 13.30 |
| Less distributions | ||||||
| From net investment income | — | (0.13) | (0.58) | — | (0.17) | — |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.13) | (0.58) | (3.07) | (5.23) | — |
| Net asset value, end of period | $33.64 | $28.20 | $26.31 | $23.88 | $29.99 | $37.88 |
| Total return (%)3,4 | 19.295 | 7.70 | 12.84 | (9.31) | (8.46) | 54.11 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $544 | $467 | $488 | $502 | $642 | $670 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.306 | 1.31 | 1.32 | 1.30 | 1.29 | 1.29 |
| Expenses including reductions | 1.306 | 1.30 | 1.32 | 1.29 | 1.28 | 1.28 |
| Net investment income (loss) | 1.186 | 0.61 | 1.00 | 0.99 | 0.37 | (0.14) |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 10 |
| CLASS C SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $26.75 | $25.01 | $22.73 | $28.91 | $36.78 | $24.03 |
| Net investment income (loss)2 | 0.08 | — | 0.09 | 0.09 | (0.12) | (0.26) |
| Net realized and unrealized gain (loss) on investments | 4.96 | 1.74 | 2.61 | (3.20) | (2.69) | 13.01 |
| Total from investment operations | 5.04 | 1.74 | 2.70 | (3.11) | (2.81) | 12.75 |
| Less distributions | ||||||
| From net investment income | — | — | (0.42) | — | — | — |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | — | (0.42) | (3.07) | (5.06) | — |
| Net asset value, end of period | $31.79 | $26.75 | $25.01 | $22.73 | $28.91 | $36.78 |
| Total return (%)3,4 | 18.845 | 6.96 | 12.07 | (9.96) | (9.10) | 53.06 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $23 | $27 | $56 | $96 | $171 | $224 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 2.006 | 2.00 | 2.02 | 2.00 | 1.99 | 1.99 |
| Expenses including reductions | 2.006 | 2.00 | 2.02 | 1.99 | 1.98 | 1.98 |
| Net investment income (loss) | 0.556 | (0.02) | 0.39 | 0.36 | (0.32) | (0.81) |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 11 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS I SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.42 | $26.51 | $24.05 | $30.09 | $38.00 | $24.63 |
| Net investment income (loss)2 | 0.23 | 0.25 | 0.33 | 0.35 | 0.25 | 0.05 |
| Net realized and unrealized gain (loss) on investments | 5.30 | 1.87 | 2.79 | (3.32) | (2.81) | 13.40 |
| Total from investment operations | 5.53 | 2.12 | 3.12 | (2.97) | (2.56) | 13.45 |
| Less distributions | ||||||
| From net investment income | — | (0.21) | (0.66) | — | (0.29) | (0.08) |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.21) | (0.66) | (3.07) | (5.35) | (0.08) |
| Net asset value, end of period | $33.95 | $28.42 | $26.51 | $24.05 | $30.09 | $38.00 |
| Total return (%)3 | 19.464 | 8.03 | 13.20 | (9.04) | (8.19) | 54.62 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $2,761 | $2,329 | $2,660 | $3,587 | $7,376 | $8,176 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.005 | 1.01 | 1.02 | 1.00 | 0.99 | 0.99 |
| Expenses including reductions | 1.005 | 1.00 | 1.02 | 0.99 | 0.98 | 0.98 |
| Net investment income (loss) | 1.475 | 0.91 | 1.36 | 1.37 | 0.66 | 0.14 |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 12 |
| CLASS R2 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.18 | $26.29 | $23.87 | $30.00 | $37.89 | $24.60 |
| Net investment income (loss)2 | 0.17 | 0.22 | 0.37 | 0.21 | 0.11 | (0.08) |
| Net realized and unrealized gain (loss) on investments | 5.25 | 1.78 | 2.61 | (3.27) | (2.81) | 13.37 |
| Total from investment operations | 5.42 | 2.00 | 2.98 | (3.06) | (2.70) | 13.29 |
| Less distributions | ||||||
| From net investment income | — | (0.11) | (0.56) | — | (0.13) | — |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.11) | (0.56) | (3.07) | (5.19) | — |
| Net asset value, end of period | $33.60 | $28.18 | $26.29 | $23.87 | $30.00 | $37.89 |
| Total return (%)3 | 19.234 | 7.61 | 12.75 | (9.41) | (8.55) | 54.02 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $4 | $3 | $8 | $36 | $38 | $50 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.395 | 1.39 | 1.41 | 1.39 | 1.38 | 1.38 |
| Expenses including reductions | 1.395 | 1.38 | 1.40 | 1.38 | 1.37 | 1.37 |
| Net investment income (loss) | 1.075 | 0.82 | 1.53 | 0.85 | 0.29 | (0.23) |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 13 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R4 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.35 | $26.45 | $24.00 | $30.08 | $37.98 | $24.62 |
| Net investment income (loss)2 | 0.21 | 0.21 | 0.28 | 0.43 | 0.20 | (0.05) |
| Net realized and unrealized gain (loss) on investments | 5.29 | 1.86 | 2.79 | (3.44) | (2.81) | 13.46 |
| Total from investment operations | 5.50 | 2.07 | 3.07 | (3.01) | (2.61) | 13.41 |
| Less distributions | ||||||
| From net investment income | — | (0.17) | (0.62) | — | (0.23) | (0.05) |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.17) | (0.62) | (3.07) | (5.29) | (0.05) |
| Net asset value, end of period | $33.85 | $28.35 | $26.45 | $24.00 | $30.08 | $37.98 |
| Total return (%)3 | 19.404 | 7.86 | 13.03 | (9.18) | (8.31) | 54.46 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $11 | $10 | $10 | $10 | $45 | $49 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.245 | 1.25 | 1.26 | 1.23 | 1.22 | 1.21 |
| Expenses including reductions | 1.145 | 1.14 | 1.15 | 1.12 | 1.11 | 1.10 |
| Net investment income (loss) | 1.355 | 0.76 | 1.14 | 1.61 | 0.54 | (0.13) |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 14 |
| CLASS R6 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.50 | $26.58 | $24.11 | $30.13 | $38.04 | $24.65 |
| Net investment income (loss)2 | 0.25 | 0.28 | 0.34 | 0.34 | 0.29 | 0.08 |
| Net realized and unrealized gain (loss) on investments | 5.31 | 1.88 | 2.81 | (3.29) | (2.81) | 13.42 |
| Total from investment operations | 5.56 | 2.16 | 3.15 | (2.95) | (2.52) | 13.50 |
| Less distributions | ||||||
| From net investment income | — | (0.24) | (0.68) | — | (0.33) | (0.11) |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.24) | (0.68) | (3.07) | (5.39) | (0.11) |
| Net asset value, end of period | $34.06 | $28.50 | $26.58 | $24.11 | $30.13 | $38.04 |
| Total return (%)3 | 19.514 | 8.15 | 13.31 | (8.96) | (8.09) | 54.79 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $1,901 | $1,657 | $1,862 | $1,908 | $2,333 | $2,441 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.905 | 0.90 | 0.91 | 0.89 | 0.88 | 0.88 |
| Expenses including reductions | 0.895 | 0.89 | 0.90 | 0.89 | 0.87 | 0.88 |
| Net investment income (loss) | 1.595 | 1.02 | 1.40 | 1.37 | 0.78 | 0.25 |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 15 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS 1 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.42 | $26.52 | $24.06 | $30.08 | $37.98 | $24.62 |
| Net investment income (loss)2 | 0.24 | 0.26 | 0.34 | 0.34 | 0.28 | 0.08 |
| Net realized and unrealized gain (loss) on investments | 5.31 | 1.87 | 2.79 | (3.29) | (2.80) | 13.38 |
| Total from investment operations | 5.55 | 2.13 | 3.13 | (2.95) | (2.52) | 13.46 |
| Less distributions | ||||||
| From net investment income | — | (0.23) | (0.67) | — | (0.32) | (0.10) |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.23) | (0.67) | (3.07) | (5.38) | (0.10) |
| Net asset value, end of period | $33.97 | $28.42 | $26.52 | $24.06 | $30.08 | $37.98 |
| Total return (%)3 | 19.534 | 8.05 | 13.30 | (9.01) | (8.10) | 54.68 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $61 | $51 | $56 | $58 | $71 | $83 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.945 | 0.94 | 0.95 | 0.93 | 0.92 | 0.92 |
| Expenses including reductions | 0.935 | 0.94 | 0.94 | 0.93 | 0.91 | 0.91 |
| Net investment income (loss) | 1.525 | 0.95 | 1.38 | 1.34 | 0.74 | 0.23 |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK International Growth Fund | 16 |
| CLASS NAV SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $28.44 | $26.53 | $24.07 | $30.08 | $37.99 | $24.62 |
| Net investment income (loss)2 | 0.26 | 0.26 | 0.34 | 0.34 | 0.30 | 0.10 |
| Net realized and unrealized gain (loss) on investments | 5.30 | 1.89 | 2.80 | (3.28) | (2.81) | 13.38 |
| Total from investment operations | 5.56 | 2.15 | 3.14 | (2.94) | (2.51) | 13.48 |
| Less distributions | ||||||
| From net investment income | — | (0.24) | (0.68) | — | (0.34) | (0.11) |
| From net realized gain | — | — | — | (3.07) | (5.06) | — |
| Total distributions | — | (0.24) | (0.68) | (3.07) | (5.40) | (0.11) |
| Net asset value, end of period | $34.00 | $28.44 | $26.53 | $24.07 | $30.08 | $37.99 |
| Total return (%)3 | 19.554 | 8.14 | 13.30 | (8.94) | (8.08) | 54.78 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $211 | $211 | $822 | $768 | $844 | $1,057 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.895 | 0.89 | 0.90 | 0.88 | 0.87 | 0.87 |
| Expenses including reductions | 0.885 | 0.89 | 0.89 | 0.88 | 0.86 | 0.86 |
| Net investment income (loss) | 1.615 | 0.96 | 1.38 | 1.34 | 0.80 | 0.30 |
| Portfolio turnover (%) | 27 | 65 | 50 | 77 | 78 | 78 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 17 | JOHN HANCOCK International Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| | JOHN HANCOCK International Growth Fund | 18 |
| Total value at 9-30-25 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Investments in securities: | ||||
| Assets | ||||
| Common stocks | ||||
| Belgium | $70,446,202 | — | $70,446,202 | — |
| Brazil | 66,499,779 | $66,499,779 | — | — |
| Canada | 209,026,740 | 209,026,740 | — | — |
| China | 470,039,752 | 46,907,914 | 423,131,838 | — |
| Denmark | 69,296,403 | — | 69,296,403 | — |
| France | 372,304,585 | — | 372,304,585 | — |
| Germany | 322,859,585 | — | 322,859,585 | — |
| Hong Kong | 160,907,691 | — | 160,907,691 | — |
| Hungary | 31,245,097 | — | 31,245,097 | — |
| India | 200,359,340 | — | 200,359,340 | — |
| Israel | 70,913,960 | — | 70,913,960 | — |
| Italy | 57,465,655 | — | 57,465,655 | — |
| Japan | 878,620,675 | — | 878,620,675 | — |
| Netherlands | 297,767,073 | 68,610,950 | 229,156,123 | — |
| Portugal | 75,085,084 | — | 75,085,084 | — |
| Singapore | 154,641,155 | 68,779,198 | 85,861,957 | — |
| South Korea | 79,127,030 | — | 79,127,030 | — |
| Spain | 86,829,443 | — | 86,829,443 | — |
| Sweden | 74,204,600 | — | 74,204,600 | — |
| 19 | JOHN HANCOCK International Growth Fund | |
| Total value at 9-30-25 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Switzerland | $211,236,804 | — | $211,236,804 | — |
| Taiwan | 582,475,986 | — | 582,475,986 | — |
| United Kingdom | 676,427,540 | $51,968,682 | 624,458,858 | — |
| United States | 57,601,261 | — | 57,601,261 | — |
| Uruguay | 79,661,611 | 79,661,611 | — | — |
| Preferred securities | 91,971,246 | 91,971,246 | — | — |
| Short-term investments | 78,743,408 | 33,343,408 | 45,400,000 | — |
| Total investments in securities | $5,525,757,705 | $716,769,528 | $4,808,988,177 | — |
| | JOHN HANCOCK International Growth Fund | 20 |
| 21 | JOHN HANCOCK International Growth Fund | |
| | JOHN HANCOCK International Growth Fund | 22 |
| 23 | JOHN HANCOCK International Growth Fund | |
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| Class 1 | 0.05% | — |
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $772,326 | $286,434 |
| Class C | 127,746 | 14,252 |
| Class I | — | 1,429,451 |
| Class R2 | 9,695 | 114 |
| Class R4 | 19,006 | 320 |
| Class R6 | — | 52,631 |
| Class 1 | 14,162 | — |
| Total | $942,935 | $1,783,202 |
| | JOHN HANCOCK International Growth Fund | 24 |
| Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) |
| Borrower | $14,000,000 | 3 | 4.845% | ($5,653) |
| Lender | $25,000,000 | 1 | 4.815% | $3,344 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 1,348,229 | $42,509,246 | 2,544,266 | $69,413,368 |
| Distributions reinvested | — | — | 78,786 | 2,133,536 |
| Repurchased | (1,717,885) | (54,018,217) | (4,615,768) | (126,105,318) |
| Net decrease | (369,656) | $(11,508,971) | (1,992,716) | $(54,558,414) |
| Class C shares | ||||
| Sold | 27,624 | $820,005 | 54,950 | $1,419,627 |
| Repurchased | (329,728) | (9,784,429) | (1,285,045) | (33,166,263) |
| Net decrease | (302,104) | $(8,964,424) | (1,230,095) | $(31,746,636) |
| Class I shares | ||||
| Sold | 7,893,422 | $252,542,490 | 10,121,627 | $278,405,712 |
| Distributions reinvested | — | — | 593,440 | 16,177,171 |
| Repurchased | (8,551,679) | (268,116,411) | (29,082,130) | (799,500,030) |
| Net decrease | (658,257) | $(15,573,921) | (18,367,063) | $(504,917,147) |
| Class R2 shares | ||||
| Sold | 19,669 | $628,899 | 14,800 | $399,649 |
| Distributions reinvested | — | — | 334 | 9,047 |
| Repurchased | (10,358) | (330,498) | (179,467) | (4,790,182) |
| Net increase (decrease) | 9,311 | $298,401 | (164,333) | $(4,381,486) |
| 25 | JOHN HANCOCK International Growth Fund | |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 24,919 | $774,131 | 49,486 | $1,356,834 |
| Distributions reinvested | — | — | 2,256 | 61,384 |
| Repurchased | (44,328) | (1,419,400) | (90,552) | (2,478,905) |
| Net decrease | (19,409) | $(645,269) | (38,810) | $(1,060,687) |
| Class R6 shares | ||||
| Sold | 3,714,372 | $118,288,235 | 7,641,311 | $210,640,221 |
| Distributions reinvested | — | — | 501,976 | 13,719,000 |
| Repurchased | (6,041,185) | (190,510,855) | (20,044,271) | (552,685,663) |
| Net decrease | (2,326,813) | $(72,222,620) | (11,900,984) | $(328,326,442) |
| Class 1 shares | ||||
| Sold | 156,507 | $5,054,359 | 337,674 | $9,304,854 |
| Distributions reinvested | — | — | 15,677 | 427,364 |
| Repurchased | (172,897) | (5,429,136) | (651,491) | (17,742,291) |
| Net decrease | (16,390) | $(374,777) | (298,140) | $(8,010,073) |
| Class NAV shares | ||||
| Sold | 158,874 | $4,995,993 | 871,108 | $23,788,174 |
| Distributions reinvested | — | — | 247,458 | 6,750,640 |
| Repurchased | (1,351,457) | (40,983,884) | (24,700,326) | (707,082,273) |
| Net decrease | (1,192,583) | $(35,987,891) | (23,581,760) | $(676,543,459) |
| Total net decrease | (4,875,901) | $(144,979,472) | (57,573,901) | $(1,609,544,344) |
| | JOHN HANCOCK International Growth Fund | 26 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 3,333,207 | $76,914,220 | $362,460,138 | $(406,028,472) | $(3,551) | $1,073 | $236,980 | — | $33,343,408 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| 27 | JOHN HANCOCK International Growth Fund | |
| | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 28 |
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
| (e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| 29 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | |
| (f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
| (g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
| (a) | reviewed information prepared by management regarding the fund’s performance; |
| (b) | considered the comparative performance of an applicable benchmark index; |
| (c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
| (d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 30 |
| (a) | reviewed financial information of the Advisor; |
| (b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
| (c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
| (d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
| (e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
| (f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
| (g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
| (h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
| (i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
| (j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is |
| 31 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | |
| based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; | |
| (b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
| (c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
| (1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
| (2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
| (3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
| (4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
| | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 32 |
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
| (2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
| (3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
| (4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
| 33 | JOHN HANCOCK INTERNATIONAL GROWTH FUND | |
| | JOHN HANCOCK INTERNATIONAL GROWTH FUND | 34 |
| MF4864507 | 87SA 9/25 |
| Shares | Value | ||||
| Common stocks 98.2% | $2,958,839,431 | ||||
| (Cost $1,633,903,888) | |||||
| Communication services 12.7% | 383,550,382 | ||||
| Entertainment 3.4% | |||||
| Live Nation Entertainment, Inc. (A) | 186,400 | 30,457,760 | |||
| Netflix, Inc. (A) | 61,089 | 73,240,824 | |||
| Interactive media and services 9.3% | |||||
| Alphabet, Inc., Class A | 765,498 | 186,092,564 | |||
| Meta Platforms, Inc., Class A | 89,507 | 65,732,151 | |||
| Pinterest, Inc., Class A (A) | 871,218 | 28,027,083 | |||
| Consumer discretionary 11.2% | 336,720,564 | ||||
| Automobiles 2.1% | |||||
| Tesla, Inc. (A) | 144,895 | 64,437,704 | |||
| Broadline retail 4.7% | |||||
| Amazon.com, Inc. (A) | 645,368 | 141,703,452 | |||
| Distributors 1.1% | |||||
| Pool Corp. | 108,011 | 33,490,971 | |||
| Hotels, restaurants and leisure 2.0% | |||||
| Airbnb, Inc., Class A (A) | 260,404 | 31,618,254 | |||
| DraftKings, Inc., Class A (A) | 730,130 | 27,306,862 | |||
| Specialty retail 1.3% | |||||
| Chewy, Inc., Class A (A) | 943,469 | 38,163,321 | |||
| Consumer staples 1.4% | 42,611,545 | ||||
| Consumer staples distribution and retail 0.9% | |||||
| U.S. Foods Holding Corp. (A) | 376,087 | 28,815,786 | |||
| Tobacco 0.5% | |||||
| Philip Morris International, Inc. | 85,054 | 13,795,759 | |||
| Energy 2.0% | 61,659,841 | ||||
| Oil, gas and consumable fuels 2.0% | |||||
| Targa Resources Corp. | 186,126 | 31,183,550 | |||
| The Williams Companies, Inc. | 481,078 | 30,476,291 | |||
| Financials 10.1% | 304,578,794 | ||||
| Banks 0.9% | |||||
| Wells Fargo & Company | 343,358 | 28,780,268 | |||
| Capital markets 5.5% | |||||
| Ares Management Corp., Class A | 178,756 | 28,581,297 | |||
| Evercore, Inc., Class A | 89,950 | 30,341,934 | |||
| Interactive Brokers Group, Inc., Class A | 597,548 | 41,117,278 | |||
| KKR & Company, Inc. | 294,091 | 38,217,125 | |||
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. GROWTH FUND | 2 |
| Shares | Value | ||||
| Financials (continued) | |||||
| Capital markets (continued) | |||||
| Nasdaq, Inc. | 307,394 | $27,188,999 | |||
| Consumer finance 1.3% | |||||
| American Express Company | 116,851 | 38,813,228 | |||
| Financial services 2.4% | |||||
| Mastercard, Inc., Class A | 125,769 | 71,538,665 | |||
| Health care 4.8% | 145,248,568 | ||||
| Biotechnology 0.9% | |||||
| Gilead Sciences, Inc. | 258,605 | 28,705,155 | |||
| Health care providers and services 1.1% | |||||
| Cencora, Inc. | 102,163 | 31,929,002 | |||
| Pharmaceuticals 2.8% | |||||
| Eli Lilly & Company | 110,897 | 84,614,411 | |||
| Industrials 2.6% | 77,030,268 | ||||
| Aerospace and defense 1.1% | |||||
| General Electric Company | 105,086 | 31,611,971 | |||
| Air freight and logistics 0.5% | |||||
| CH Robinson Worldwide, Inc. | 111,692 | 14,788,021 | |||
| Trading companies and distributors 1.0% | |||||
| WESCO International, Inc. | 144,824 | 30,630,276 | |||
| Information technology 51.3% | 1,545,717,522 | ||||
| Electronic equipment, instruments and components 3.1% | |||||
| Coherent Corp. (A) | 287,361 | 30,954,527 | |||
| Flex, Ltd. (A) | 522,418 | 30,284,571 | |||
| Jabil, Inc. | 148,423 | 32,233,023 | |||
| Semiconductors and semiconductor equipment 22.5% | |||||
| Analog Devices, Inc. | 131,755 | 32,372,204 | |||
| Broadcom, Inc. | 499,276 | 164,716,145 | |||
| NVIDIA Corp. | 2,390,260 | 445,975,112 | |||
| NXP Semiconductors NV | 150,113 | 34,185,233 | |||
| Software 15.3% | |||||
| AppLovin Corp., Class A (A) | 76,694 | 55,107,707 | |||
| Microsoft Corp. | 754,946 | 391,024,281 | |||
| Palantir Technologies, Inc., Class A (A) | 87,671 | 15,992,944 | |||
| Technology hardware, storage and peripherals 10.4% | |||||
| Apple, Inc. | 1,228,731 | 312,871,775 | |||
| Real estate 2.1% | 61,721,947 | ||||
| Health care REITs 2.1% | |||||
| Welltower, Inc. | 346,480 | 61,721,947 | |||
| 3 | JOHN HANCOCK U.S. GROWTH FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Yield (%) | Shares | Value | |||
| Short-term investments 1.9% | $58,740,781 | ||||
| (Cost $58,740,781) | |||||
| Short-term funds 1.9% | 58,740,781 | ||||
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 4.0784(B) | 58,740,781 | 58,740,781 | ||
| Total investments (Cost $1,692,644,669) 100.1% | $3,017,580,212 | ||||
| Other assets and liabilities, net (0.1%) | (4,001,761) | ||||
| Total net assets 100.0% | $3,013,578,451 | ||||
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
| Security Abbreviations and Legend | |
| (A) | Non-income producing security. |
| (B) | The rate shown is the annualized seven-day yield as of 9-30-25. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. GROWTH FUND | 4 |
| Assets | |
| Unaffiliated investments, at value (Cost $1,692,644,669) | $3,017,580,212 |
| Dividends and interest receivable | 404,284 |
| Receivable for fund shares sold | 2,280,173 |
| Other assets | 148,789 |
| Total assets | 3,020,413,458 |
| Liabilities | |
| Payable for investments purchased | 2,405,270 |
| Payable for fund shares repurchased | 3,933,992 |
| Payable to affiliates | |
| Accounting and legal services fees | 86,611 |
| Transfer agent fees | 144,069 |
| Distribution and service fees | 2,143 |
| Trustees’ fees | 147 |
| Other liabilities and accrued expenses | 262,775 |
| Total liabilities | 6,835,007 |
| Net assets | $3,013,578,451 |
| Net assets consist of | |
| Paid-in capital | $1,478,819,558 |
| Total distributable earnings (loss) | 1,534,758,893 |
| Net assets | $3,013,578,451 |
| 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 A ($1,007,326,331 ÷ 32,376,399 shares)1 | $31.11 |
| Class C ($26,977,469 ÷ 955,304 shares)1 | $28.24 |
| Class I ($564,842,420 ÷ 17,650,500 shares) | $32.00 |
| Class R2 ($1,897,967 ÷ 60,756 shares) | $31.24 |
| Class R4 ($17,912,695 ÷ 561,543 shares) | $31.90 |
| Class R6 ($963,031,157 ÷ 29,813,777 shares) | $32.30 |
| Class NAV ($431,590,412 ÷ 13,364,460 shares) | $32.29 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 95%)2 | $32.75 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 5 | JOHN HANCOCK U.S. Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| Investment income | |
| Dividends | $7,151,592 |
| Securities lending | 2,583 |
| Less foreign taxes withheld | (20,824) |
| Total investment income | 7,133,351 |
| Expenses | |
| Investment management fees | 5,898,459 |
| Distribution and service fees | 1,287,775 |
| Accounting and legal services fees | 181,220 |
| Transfer agent fees | 799,998 |
| Trustees’ fees | 22,995 |
| Custodian fees | 128,155 |
| State registration fees | 80,363 |
| Printing and postage | 32,604 |
| Professional fees | 53,768 |
| Other | 36,940 |
| Total expenses | 8,522,277 |
| Less expense reductions | (101,715) |
| Net expenses | 8,420,562 |
| Net investment loss | (1,287,211) |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments | 156,887,159 |
| Affiliated investments | 352 |
| 156,887,511 | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments | 323,158,974 |
| 323,158,974 | |
| Net realized and unrealized gain | 480,046,485 |
| Increase in net assets from operations | $478,759,274 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. Growth Fund | 6 |
| Six months ended 9-30-25 (unaudited) | Year ended 3-31-25 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment loss | $(1,287,211) | $(3,732,074) |
| Net realized gain | 156,887,511 | 144,147,744 |
| Change in net unrealized appreciation (depreciation) | 323,158,974 | (60,476,988) |
| Increase in net assets resulting from operations | 478,759,274 | 79,938,682 |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | — | (79,224,571) |
| Class C | — | (2,423,739) |
| Class I | — | (38,240,825) |
| Class R2 | — | (150,368) |
| Class R4 | — | (1,398,347) |
| Class R6 | — | (19,492,539) |
| Class NAV | — | (7,388,199) |
| Total distributions | — | (148,318,588) |
| From fund share transactions | ||
| Fund share transactions | 47,008 | 211,037,043 |
| Issued in reorganization | 992,906,510 | — |
| From fund share transactions | 992,953,518 | 211,037,043 |
| Total increase | 1,471,712,792 | 142,657,137 |
| Net assets | ||
| Beginning of period | 1,541,865,659 | 1,399,208,522 |
| End of period | $3,013,578,451 | $1,541,865,659 |
| 7 | JOHN HANCOCK U.S. Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS A SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $24.51 | $25.46 | $18.30 | $22.99 | $23.96 | $16.24 |
| Net investment loss2 | (0.04) | (0.10) | (0.09) | (0.01) | (0.10) | (0.07) |
| Net realized and unrealized gain (loss) on investments | 6.64 | 1.78 | 8.36 | (2.76) | 2.75 | 8.40 |
| Total from investment operations | 6.60 | 1.68 | 8.27 | (2.77) | 2.65 | 8.33 |
| Less distributions | ||||||
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Net asset value, end of period | $31.11 | $24.51 | $25.46 | $18.30 | $22.99 | $23.96 |
| Total return (%)3,4 | 26.935 | 5.66 | 46.08 | (11.22) | 10.06 | 51.37 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $1,007 | $802 | $768 | $547 | $670 | $653 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.956 | 0.97 | 0.99 | 0.99 | 0.96 | 1.01 |
| Expenses including reductions | 0.956 | 0.96 | 0.98 | 0.98 | 0.96 | 1.00 |
| Net investment loss | (0.29)6 | (0.36) | (0.44) | (0.04) | (0.40) | (0.31) |
| Portfolio turnover (%) | 417 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. Growth Fund | 8 |
| CLASS C SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $22.33 | $23.57 | $17.13 | $21.84 | $23.08 | $15.77 |
| Net investment loss2 | (0.13) | (0.28) | (0.24) | (0.14) | (0.28) | (0.23) |
| Net realized and unrealized gain (loss) on investments | 6.04 | 1.67 | 7.79 | (2.65) | 2.66 | 8.15 |
| Total from investment operations | 5.91 | 1.39 | 7.55 | (2.79) | 2.38 | 7.92 |
| Less distributions | ||||||
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Net asset value, end of period | $28.24 | $22.33 | $23.57 | $17.13 | $21.84 | $23.08 |
| Total return (%)3,4 | 26.475 | 4.86 | 45.01 | (11.93) | 9.25 | 50.29 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $27 | $22 | $23 | $19 | $30 | $35 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.706 | 1.72 | 1.74 | 1.74 | 1.71 | 1.76 |
| Expenses including reductions | 1.706 | 1.71 | 1.73 | 1.73 | 1.71 | 1.75 |
| Net investment loss | (1.04)6 | (1.11) | (1.19) | (0.78) | (1.15) | (1.07) |
| Portfolio turnover (%) | 417 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Does not reflect the effect of sales charges, if any. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Excludes reorganization activity. |
| 9 | JOHN HANCOCK U.S. Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS I SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $25.18 | $26.03 | $18.66 | $23.35 | $24.23 | $16.38 |
| Net investment income (loss)2 | (0.01) | (0.03) | (0.04) | 0.04 | (0.04) | (0.01) |
| Net realized and unrealized gain (loss) on investments | 6.83 | 1.81 | 8.55 | (2.81) | 2.78 | 8.49 |
| Total from investment operations | 6.82 | 1.78 | 8.51 | (2.77) | 2.74 | 8.48 |
| Less distributions | ||||||
| From net investment income | — | — | (0.03) | — | — | (0.02) |
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Total distributions | — | (2.63) | (1.14) | (1.92) | (3.62) | (0.63) |
| Net asset value, end of period | $32.00 | $25.18 | $26.03 | $18.66 | $23.35 | $24.23 |
| Total return (%)3 | 27.084 | 5.93 | 46.50 | (11.05) | 10.33 | 51.84 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $565 | $408 | $343 | $262 | $347 | $408 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.705 | 0.72 | 0.74 | 0.74 | 0.71 | 0.76 |
| Expenses including reductions | 0.705 | 0.71 | 0.73 | 0.73 | 0.71 | 0.75 |
| Net investment income (loss) | (0.04)5 | (0.11) | (0.18) | 0.21 | (0.16) | (0.06) |
| Portfolio turnover (%) | 416 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. Growth Fund | 10 |
| CLASS R2 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $24.62 | $25.60 | $18.42 | $23.16 | $24.15 | $16.38 |
| Net investment loss2 | (0.06) | (0.13) | (0.12) | (0.03) | (0.14) | (0.10) |
| Net realized and unrealized gain (loss) on investments | 6.68 | 1.78 | 8.41 | (2.79) | 2.77 | 8.48 |
| Total from investment operations | 6.62 | 1.65 | 8.29 | (2.82) | 2.63 | 8.38 |
| Less distributions | ||||||
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Net asset value, end of period | $31.24 | $24.62 | $25.60 | $18.42 | $23.16 | $24.15 |
| Total return (%)3 | 26.894 | 5.50 | 45.88 | (11.36) | 9.89 | 51.24 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $2 | $1 | $1 | $1 | $2 | $1 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 1.085 | 1.11 | 1.11 | 1.12 | 1.10 | 1.14 |
| Expenses including reductions | 1.075 | 1.10 | 1.10 | 1.11 | 1.09 | 1.13 |
| Net investment loss | (0.41)5 | (0.49) | (0.56) | (0.16) | (0.54) | (0.45) |
| Portfolio turnover (%) | 416 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 | Not annualized. |
| 5 | Annualized. |
| 6 | Excludes reorganization activity. |
| 11 | JOHN HANCOCK U.S. Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R4 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $25.11 | $26.00 | $18.65 | $23.36 | $24.25 | $16.41 |
| Net investment income (loss)2 | (0.03) | (0.07) | (0.08) | 0.02 | (0.05) | (0.03) |
| Net realized and unrealized gain (loss) on investments | 6.82 | 1.81 | 8.56 | (2.81) | 2.78 | 8.48 |
| Total from investment operations | 6.79 | 1.74 | 8.48 | (2.79) | 2.73 | 8.45 |
| Less distributions | ||||||
| From net investment income | — | — | (0.02) | — | — | —3 |
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Total distributions | — | (2.63) | (1.13) | (1.92) | (3.62) | (0.61) |
| Net asset value, end of period | $31.90 | $25.11 | $26.00 | $18.65 | $23.36 | $24.25 |
| Total return (%)4 | 27.045 | 5.77 | 46.38 | (11.13) | 10.27 | 51.59 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $18 | $14 | $16 | $—6 | $—6 | $—6 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.957 | 0.96 | 0.97 | 0.95 | 0.89 | 1.00 |
| Expenses including reductions | 0.847 | 0.85 | 0.86 | 0.84 | 0.79 | 0.89 |
| Net investment income (loss) | (0.18)7 | (0.26) | (0.28) | 0.12 | (0.23) | (0.14) |
| Portfolio turnover (%) | 418 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Less than $0.005 per share. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Not annualized. |
| 6 | Less than $500,000. |
| 7 | Annualized. |
| 8 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. Growth Fund | 12 |
| CLASS R6 SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $25.40 | $26.21 | $18.78 | $23.45 | $24.30 | $16.42 |
| Net investment income (loss)2 | 0.01 | —3 | (0.02) | 0.06 | (0.01) | 0.01 |
| Net realized and unrealized gain (loss) on investments | 6.89 | 1.82 | 8.60 | (2.81) | 2.78 | 8.51 |
| Total from investment operations | 6.90 | 1.82 | 8.58 | (2.75) | 2.77 | 8.52 |
| Less distributions | ||||||
| From net investment income | — | — | (0.04) | — | — | (0.03) |
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Total distributions | — | (2.63) | (1.15) | (1.92) | (3.62) | (0.64) |
| Net asset value, end of period | $32.30 | $25.40 | $26.21 | $18.78 | $23.45 | $24.30 |
| Total return (%)4 | 27.175 | 6.04 | 46.61 | (10.91) | 10.43 | 51.96 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $963 | $219 | $175 | $121 | $145 | $147 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.606 | 0.61 | 0.63 | 0.63 | 0.61 | 0.65 |
| Expenses including reductions | 0.596 | 0.60 | 0.62 | 0.63 | 0.60 | 0.64 |
| Net investment income (loss) | 0.066 | —7 | (0.07) | 0.32 | (0.05) | 0.04 |
| Portfolio turnover (%) | 418 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Less than $0.005 per share. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Less than 0.005%. |
| 8 | Excludes reorganization activity. |
| 13 | JOHN HANCOCK U.S. Growth Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS NAV SHARES Period ended | 9-30-251 | 3-31-25 | 3-31-24 | 3-31-23 | 3-31-22 | 3-31-21 |
| Per share operating performance | ||||||
| Net asset value, beginning of period | $25.39 | $26.20 | $18.77 | $23.45 | $24.29 | $16.41 |
| Net investment income (loss)2 | 0.01 | —3 | (0.01) | 0.06 | (0.01) | 0.01 |
| Net realized and unrealized gain (loss) on investments | 6.89 | 1.82 | 8.59 | (2.82) | 2.79 | 8.51 |
| Total from investment operations | 6.90 | 1.82 | 8.58 | (2.76) | 2.78 | 8.52 |
| Less distributions | ||||||
| From net investment income | — | — | (0.04) | — | — | (0.03) |
| From net realized gain | — | (2.63) | (1.11) | (1.92) | (3.62) | (0.61) |
| Total distributions | — | (2.63) | (1.15) | (1.92) | (3.62) | (0.64) |
| Net asset value, end of period | $32.29 | $25.39 | $26.20 | $18.77 | $23.45 | $24.29 |
| Total return (%)4 | 27.185 | 6.04 | 46.64 | (10.96) | 10.48 | 52.01 |
| Ratios and supplemental data | ||||||
| Net assets, end of period (in millions) | $432 | $74 | $72 | $45 | $52 | $54 |
| Ratios (as a percentage of average net assets): | ||||||
| Expenses before reductions | 0.596 | 0.60 | 0.62 | 0.62 | 0.60 | 0.64 |
| Expenses including reductions | 0.586 | 0.60 | 0.61 | 0.62 | 0.59 | 0.63 |
| Net investment income (loss) | 0.076 | —7 | (0.07) | 0.33 | (0.04) | 0.06 |
| Portfolio turnover (%) | 418 | 80 | 69 | 103 | 91 | 101 |
| 1 | Six months ended 9-30-25. Unaudited. |
| 2 | Based on average daily shares outstanding. |
| 3 | Less than $0.005 per share. |
| 4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 | Not annualized. |
| 6 | Annualized. |
| 7 | Less than 0.005%. |
| 8 | Excludes reorganization activity. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK U.S. Growth Fund | 14 |
| 15 | JOHN HANCOCK U.S. Growth Fund | |
| | JOHN HANCOCK U.S. Growth Fund | 16 |
| 17 | JOHN HANCOCK U.S. Growth Fund | |
| | JOHN HANCOCK U.S. Growth Fund | 18 |
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.25% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| 19 | JOHN HANCOCK U.S. Growth Fund | |
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $1,134,145 | $504,377 |
| Class C | 121,599 | 13,521 |
| Class I | — | 266,222 |
| Class R2 | 4,050 | 49 |
| Class R4 | 27,981 | 468 |
| Class R6 | — | 15,361 |
| Total | $1,287,775 | $799,998 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 1,821,408 | $50,089,834 | 4,023,161 | $107,701,716 |
| Distributions reinvested | — | — | 2,897,904 | 78,069,585 |
| Repurchased | (2,188,032) | (60,450,507) | (4,351,779) | (116,518,360) |
| Net increase (decrease) | (366,624) | $(10,360,673) | 2,569,286 | $69,252,941 |
| Class C shares | ||||
| Sold | 103,762 | $2,564,658 | 159,221 | $3,890,227 |
| Distributions reinvested | — | — | 98,463 | 2,421,203 |
| Repurchased | (125,513) | (3,095,842) | (276,171) | (6,714,362) |
| Net decrease | (21,751) | $(531,184) | (18,487) | $(402,932) |
| Class I shares | ||||
| Sold | 3,301,454 | $96,124,825 | 6,078,170 | $167,707,073 |
| Distributions reinvested | — | — | 1,381,069 | 38,186,559 |
| Repurchased | (1,860,177) | (52,827,090) | (4,433,041) | (121,755,168) |
| Net increase | 1,441,277 | $43,297,735 | 3,026,198 | $84,138,464 |
| Class R2 shares | ||||
| Sold | 1,289 | $36,009 | 21,121 | $585,014 |
| Distributions reinvested | — | — | 5,215 | 141,229 |
| Repurchased | (1,232) | (33,864) | (18,330) | (507,280) |
| Net increase | 57 | $2,145 | 8,006 | $218,963 |
| | JOHN HANCOCK U.S. Growth Fund | 20 |
| Six Months Ended 9-30-25 | Year Ended 3-31-25 | |||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 18,983 | $520,769 | 36,291 | $990,444 |
| Distributions reinvested | — | — | 50,632 | 1,396,941 |
| Repurchased | (22,413) | (604,191) | (141,550) | (3,805,702) |
| Net decrease | (3,430) | $(83,422) | (54,627) | $(1,418,317) |
| Class R6 shares | ||||
| Sold | 1,036,594 | $29,975,472 | 3,147,089 | $86,447,193 |
| Issued in reorganization (Note 9) | 21,963,945 | 667,930,162 | — | — |
| Distributions reinvested | — | — | 697,915 | 19,464,855 |
| Repurchased | (1,828,186) | (54,874,431) | (1,886,647) | (52,156,249) |
| Net increase | 21,172,353 | $643,031,203 | 1,958,357 | $53,755,799 |
| Class NAV shares | ||||
| Sold | 257,562 | $7,709,055 | 505,125 | $14,348,132 |
| Issued in reorganization (Note 9) | 10,689,027 | 324,976,348 | — | — |
| Distributions reinvested | — | — | 265,000 | 7,388,199 |
| Repurchased | (507,658) | (15,087,689) | (588,542) | (16,244,206) |
| Net increase | 10,438,931 | $317,597,714 | 181,583 | $5,492,125 |
| Total net increase | 32,660,813 | $992,953,518 | 7,670,316 | $211,037,043 |
| 21 | JOHN HANCOCK U.S. Growth Fund | |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | — | — | $14,871,300 | $(14,871,652) | $352 | — | $2,583 | — | — |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| Acquiring Fund | Acquired Fund | Net Asset Value of the Acquired Fund | Appreciation of the Acquired Fund’s Investments | Shares Redeemed by the Acquired Fund | Shares Issued by the Acquiring Fund | Acquiring Fund Net Assets Prior to Combination | Acquiring Fund Total Net Assets After Combination |
| U.S. Growth Fund | Capital Appreciation Fund | $992,906,510 | $469,935,237 | 212,897,893 | 32,652,972 | $1,850,724,878 | $2,843,631,388 |
| Net investment income | $(2,250,213) |
| Net realized and unrealized gain | $665,021,095 |
| Increase (decrease) in net assets from operations | $662,770,882 |
| | JOHN HANCOCK U.S. Growth Fund | 22 |
| 23 | JOHN HANCOCK U.S. Growth Fund | |
| | JOHN HANCOCK U.S. GROWTH FUND | 24 |
| (a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
| (b) | the background, qualifications and skills of the Advisor’s personnel; |
| (c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
| (d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
| (e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| 25 | JOHN HANCOCK U.S. GROWTH FUND | |
| (f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
| (g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
| (a) | reviewed information prepared by management regarding the fund’s performance; |
| (b) | considered the comparative performance of an applicable benchmark index; |
| (c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
| (d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| | JOHN HANCOCK U.S. GROWTH FUND | 26 |
| (a) | reviewed financial information of the Advisor; |
| (b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
| (c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
| (d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
| (e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
| (f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
| (g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
| (h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
| (i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
| (j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
| (k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| 27 | JOHN HANCOCK U.S. GROWTH FUND | |
| (a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
| (b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
| (c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
| (1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
| (2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
| (3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data; and |
| (4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
| | JOHN HANCOCK U.S. GROWTH FUND | 28 |
| (1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
| (2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds; |
| (3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
| 29 | JOHN HANCOCK U.S. GROWTH FUND | |
| (4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
| | JOHN HANCOCK U.S. GROWTH FUND | 30 |
| MF4864492 | 393SA 9/25 |
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Information included in Item 7, if applicable.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Refer to information included in Item 7.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Information included in Item 7, if applicable.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No material changes.
ITEM 16. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
ITEM 19. EXHIBITS.
(a)(1) Not applicable.
(a)(2) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Funds III
| By: | /s/ Kristie M. Feinberg |
| ------------------------------ | |
| Kristie M. Feinberg | |
| President, | |
| Principal Executive Officer | |
| Date: | November 11, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Kristie M. Feinberg |
| ------------------------------ | |
| Kristie M. Feinberg | |
| President, | |
| Principal Executive Officer | |
| Date: | November 11, 2025 |
| By: | /s/ Fernando A. Silva |
| --------------------------- | |
| Fernando A. Silva | |
| Chief Financial Officer, | |
| Principal Financial Officer | |
| Date: | November 11, 2025 |