Quarterly portfolio holdings
John Hancock
Disciplined Value Mid Cap Fund
U.S. equity
December 31, 2025
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

Fund’s investments

As of 12-31-25 (unaudited)
        Shares Value
Common stocks 97.3%         $22,943,673,678
(Cost $17,140,559,274)          
Consumer discretionary 15.0%     3,528,894,530
Automobile components 0.4%      
Gentex Corp.     4,201,953 97,779,446
Broadline retail 1.2%      
eBay, Inc.     3,145,171 273,944,394
Distributors 0.6%      
LKQ Corp.     4,568,547 137,970,119
Diversified consumer services 1.2%      
frontdoor, Inc. (A)     3,118,103 179,883,362
H&R Block, Inc. (B)     2,218,718 96,691,730
Hotels, restaurants and leisure 2.9%      
Boyd Gaming Corp.     2,043,164 174,159,299
Churchill Downs, Inc. (B)     893,369 101,647,525
Darden Restaurants, Inc.     438,441 80,681,913
Marriott International, Inc., Class A     357,014 110,760,023
Wyndham Hotels & Resorts, Inc. (B)     1,329,472 100,454,904
Yum! Brands, Inc.     796,458 120,488,166
Household durables 4.2%      
Cavco Industries, Inc. (A)     212,982 125,816,987
D.R. Horton, Inc.     1,145,450 164,979,164
NVR, Inc. (A)     31,747 231,523,569
Somnigroup International, Inc.     2,871,815 256,395,643
TopBuild Corp. (A)(B)     488,123 203,640,034
Specialty retail 3.4%      
AutoZone, Inc. (A)     102,481 347,564,312
Ross Stores, Inc.     977,248 176,041,455
Valvoline, Inc. (A)     4,169,428 121,163,578
Williams-Sonoma, Inc. (B)     927,344 165,614,365
Textiles, apparel and luxury goods 1.1%      
Lululemon Athletica, Inc. (A)     392,312 81,526,357
Ralph Lauren Corp.     509,511 180,168,185
Consumer staples 4.0%     950,698,108
Beverages 1.7%      
Coca-Cola Consolidated, Inc.     1,512,712 231,898,750
Coca-Cola Europacific Partners PLC     1,336,934 121,259,914
Primo Brands Corp.     3,458,180 56,541,243
Consumer staples distribution and retail 2.0%      
Sysco Corp.     2,459,773 181,260,672
U.S. Foods Holding Corp. (A)     3,955,442 297,923,891
Food products 0.3%      
Lamb Weston Holdings, Inc.     1,475,618 61,813,638
Energy 5.7%     1,346,911,503
Energy equipment and services 1.3%      
TechnipFMC PLC     6,675,874 297,476,945
Oil, gas and consumable fuels 4.4%      
Diamondback Energy, Inc.     1,010,776 151,949,956
EQT Corp.     3,216,797 172,420,319
Marathon Petroleum Corp.     1,570,414 255,396,429
Permian Resources Corp.     11,838,033 166,087,603
Phillips 66     817,288 105,462,844
Range Resources Corp.     5,618,758 198,117,407
2 JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

        Shares Value
Financials 16.6%     $3,915,084,612
Banks 2.8%      
East West Bancorp, Inc.     2,184,410 245,505,840
Fifth Third Bancorp (B)     3,248,878 152,079,979
Huntington Bancshares, Inc.     15,414,404 267,439,909
Capital markets 7.0%      
Affiliated Managers Group, Inc.     823,971 237,534,360
Ameriprise Financial, Inc.     844,690 414,185,296
Evercore, Inc., Class A     521,985 177,605,396
LPL Financial Holdings, Inc.     1,085,299 387,636,244
Stifel Financial Corp.     1,636,804 204,960,597
The Carlyle Group, Inc.     4,009,578 237,006,156
Consumer finance 1.5%      
Credit Acceptance Corp. (A)(B)     257,762 114,307,137
Synchrony Financial     2,767,440 230,887,519
Financial services 2.3%      
Equitable Holdings, Inc.     2,487,398 118,524,515
Rocket Companies, Inc., Class A     9,499,121 183,902,983
Voya Financial, Inc.     1,913,949 142,570,061
WEX, Inc. (A)     621,683 92,618,333
Insurance 3.0%      
First American Financial Corp.     2,427,246 149,129,994
Markel Group, Inc. (A)     135,120 290,460,708
RenaissanceRe Holdings, Ltd.     438,999 123,428,959
The Travelers Companies, Inc.     500,933 145,300,626
Health care 10.5%     2,486,387,807
Biotechnology 0.6%      
Biogen, Inc. (A)     838,229 147,519,922
Health care equipment and supplies 2.2%      
GE HealthCare Technologies, Inc.     2,021,888 165,835,254
Solventum Corp. (A)     2,960,817 234,615,139
STERIS PLC     457,379 115,954,724
Health care providers and services 5.5%      
Cencora, Inc.     1,000,751 338,003,650
Centene Corp. (A)     2,891,753 118,995,636
Labcorp Holdings, Inc.     371,494 93,200,415
McKesson Corp.     193,155 158,443,115
Quest Diagnostics, Inc.     811,050 140,741,507
Tenet Healthcare Corp. (A)     1,254,950 249,383,664
The Cigna Group     705,115 194,068,801
Life sciences tools and services 2.2%      
Bio-Rad Laboratories, Inc., Class A (A)(B)     179,342 54,338,833
ICON PLC (A)     540,588 98,505,945
IQVIA Holdings, Inc. (A)     1,099,779 247,901,184
QIAGEN NV (New York Stock Exchange)     2,865,911 128,880,018
Industrials 18.9%     4,458,768,730
Aerospace and defense 3.1%      
Howmet Aerospace, Inc.     1,044,417 214,126,373
L3Harris Technologies, Inc.     640,991 188,175,728
Textron, Inc.     3,661,811 319,200,065
Air freight and logistics 1.2%      
Expeditors International of Washington, Inc.     1,843,437 274,690,547
Building products 4.0%      
Allegion PLC     1,873,847 298,353,919
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT 3

        Shares Value
Industrials (continued)      
Building products (continued)      
Builders FirstSource, Inc. (A)(B)     1,192,792 $122,726,369
Masco Corp.     3,716,617 235,856,515
Masterbrand, Inc. (A)     4,897,379 54,067,064
Resideo Technologies, Inc. (A)     2,977,860 104,582,443
UFP Industries, Inc.     1,319,224 120,115,345
Commercial services and supplies 0.8%      
RB Global, Inc.     1,880,866 193,484,685
Electrical equipment 1.3%      
AMETEK, Inc.     729,844 149,844,272
Generac Holdings, Inc. (A)     1,164,053 158,741,908
Ground transportation 1.5%      
Landstar System, Inc.     912,305 131,098,229
Old Dominion Freight Line, Inc.     1,469,604 230,433,907
Industrial conglomerates 0.7%      
3M Company     1,102,787 176,556,199
Machinery 3.1%      
Allison Transmission Holdings, Inc.     1,064,134 104,178,719
Dover Corp.     595,393 116,244,529
ITT, Inc.     495,585 85,988,953
Lincoln Electric Holdings, Inc.     604,416 144,842,250
Parker-Hannifin Corp.     118,300 103,980,968
Watts Water Technologies, Inc., Class A     645,521 178,176,706
Professional services 2.5%      
CACI International, Inc., Class A (A)     382,856 203,989,505
Leidos Holdings, Inc.     821,743 148,242,437
SS&C Technologies Holdings, Inc.     1,938,567 169,469,527
TriNet Group, Inc.     1,028,266 60,801,369
Trading companies and distributors 0.7%      
DNOW, Inc. (A)     4,919,545 65,183,971
MSC Industrial Direct Company, Inc., Class A (B)     1,255,841 105,616,228
Information technology 11.3%     2,658,986,303
Electronic equipment, instruments and components 5.2%      
Arrow Electronics, Inc. (A)     976,802 107,624,044
CDW Corp.     1,723,133 234,690,715
Flex, Ltd. (A)(B)     2,028,460 122,559,553
Jabil, Inc.     540,922 123,341,034
Keysight Technologies, Inc. (A)     1,487,983 302,343,266
TE Connectivity PLC     403,465 91,792,322
Vontier Corp. (B)     2,127,011 79,082,269
Zebra Technologies Corp., Class A (A)     674,149 163,696,860
IT services 0.8%      
EPAM Systems, Inc. (A)     883,566 181,025,002
Semiconductors and semiconductor equipment 1.3%      
Microchip Technology, Inc.     3,582,054 228,248,481
Qnity Electronics, Inc.     894,484 73,034,619
Software 2.4%      
Check Point Software Technologies, Ltd. (A)     1,115,597 207,010,179
Gen Digital, Inc.     6,893,534 187,435,189
InterDigital, Inc. (B)     520,426 165,693,230
Technology hardware, storage and peripherals 1.6%      
Dell Technologies, Inc., Class C     581,469 73,195,318
NetApp, Inc.     1,856,582 198,821,366
Seagate Technology Holdings PLC     433,541 119,392,856
4 JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

        Shares Value
Materials 4.6%     $1,079,247,254
Chemicals 0.9%      
CF Industries Holdings, Inc.     2,555,793 197,665,031
DuPont de Nemours, Inc.     274,159 11,021,192
Containers and packaging 1.8%      
Ball Corp.     3,403,044 180,259,241
Packaging Corp. of America     1,183,547 244,082,898
Metals and mining 1.6%      
Commercial Metals Company     2,172,602 150,387,510
Reliance, Inc.     801,805 231,617,410
Paper and forest products 0.3%      
Louisiana-Pacific Corp. (B)     795,121 64,213,972
Real estate 6.6%     1,560,112,788
Industrial REITs 0.6%      
EastGroup Properties, Inc.     857,166 152,695,551
Office REITs 0.7%      
BXP, Inc.     2,492,410 168,187,827
Residential REITs 1.5%      
Equity LifeStyle Properties, Inc.     2,062,880 125,031,157
Equity Residential     1,731,376 109,145,943
Essex Property Trust, Inc.     460,942 120,619,303
Retail REITs 2.1%      
Regency Centers Corp.     2,496,867 172,358,729
Simon Property Group, Inc.     1,738,172 321,753,019
Specialized REITs 1.7%      
Extra Space Storage, Inc.     720,042 93,763,869
Lamar Advertising Company, Class A     1,632,459 206,636,660
VICI Properties, Inc.     3,197,750 89,920,730
Utilities 4.1%     958,582,043
Electric utilities 2.7%      
Entergy Corp.     1,737,948 160,638,534
FirstEnergy Corp.     2,824,917 126,471,534
NRG Energy, Inc.     391,657 62,367,461
OGE Energy Corp.     4,096,354 174,914,316
Xcel Energy, Inc.     1,422,819 105,089,411
Multi-utilities 1.4%      
CenterPoint Energy, Inc.     2,461,666 94,380,274
DTE Energy Company     1,819,821 234,720,513
    
    Yield (%)   Shares Value
Short-term investments 2.8%         $669,001,887
(Cost $669,001,946)          
Short-term funds 2.8%         669,001,887
John Hancock Collateral Trust (C) 3.7477(D)   7,158,655 71,616,613
State Street Institutional U.S. Government Money Market Fund, Premier Class 3.7239(D)   597,385,274 597,385,274
    
Total investments (Cost $17,809,561,220) 100.1%     $23,612,675,565
Other assets and liabilities, net (0.1%)       (27,314,676)
Total net assets 100.0%         $23,585,360,889
    
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) All or a portion of this security is on loan as of 12-31-25. The value of securities on loan amounted to $125,279,479. In addition to the cash collateral invested in John Hancock Collateral Trust, if any, non-cash collateral of $56,211,913 in the form of U.S. Treasuries was pledged to the fund.
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT 5

(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 12-31-25.
6 JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

Notes to Fund’s investments (unaudited)
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund’s valuation designee.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
As of December 31, 2025, all investments are categorized as Level 1 under the hierarchy described above.
Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
              Dividends and distributions
Affiliate Ending
share
amount
Beginning
value
Cost of
purchases
Proceeds
from shares
sold
Realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Income
distributions
received
Capital gain
distributions
received
Ending
value
John Hancock Collateral Trust 7,158,655 $119,113,445 $1,324,961,950 $(1,372,466,849) $7,159 $908 $6,330,456 — $71,616,613
Transactions in securities of affiliated issuers. Affiliated issuers, as defined by the 1940 Act, are those in which the fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the fund’s transactions in the securities of these issuers during the period ended December 31, 2025, is set forth below:
              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* 9,499,121 $119,125,916 $16,933,908 $(30,782,574) $12,956,626 $65,669,107 $7,124,594 — $183,902,983
    
* The security was an affiliate at the beginning of the period but not at the end.
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
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