John Hancock Disciplined Value International Fund

Transcription

1 455Q3 John Hancock Disciplined Value International Fund Quarterly portfolio holdings 7/31/18

2 Fund s investments As of (unaudited) Common stocks 92.5% $974,600,822 (Cost $958,654,001) Australia 1.0% 10,966,318 Woodside Petroleum, Ltd. 409,139 10,966,318 Belgium 0.6% 6,229,726 Ageas 116,150 6,229,726 Bermuda 2.2% 23,239,699 Everest Re Group, Ltd. 82,097 17,925,880 RenaissanceRe Holdings, Ltd. 40,302 5,313,819 Brazil 0.5% 4,712,475 Minerva SA (A) 2,345,800 4,712,475 Canada 1.2% 12,723,466 Nutrien, Ltd. 234,707 12,723,466 Denmark 1.3% 13,828,701 Novo Nordisk A/S, B 277,979 13,828,701 France 13.5% 142,397,026 Atos SE 165,433 22,167,569 Bollore SA 1,100,910 5,118,437 Capgemini SE 187,870 24,034,829 Danone SA 180,923 14,204,669 Schneider Electric SE 128,915 10,347,467 Sopra Steria Group 29,374 5,195,706 Teleperformance 55,093 10,089,273 TOTAL SA 620,746 40,488,350 Vinci SA 106,843 10,750,726 Germany 6.8% 71,826,058 Allianz SE 65,086 14,400,567 Bayer AG 73,477 8,179,982 E.ON SE 1,295,523 14,616,371 Fresenius SE & Company KGaA 17,471 1,346,813 Henkel AG & Company KGaA 61,977 6,645,975 Muenchener Rueckversicherungs-Gesellschaft AG 21,377 4,737,037 Norma Group SE 61,132 3,876,009 Siemens AG 127,699 18,023,304 Hong Kong 1.5% 16,231,798 China Mobile, Ltd. 633,000 5,718,151 CK Hutchison Holdings, Ltd. 965,912 10,513,647 Hungary 0.5% 5,266,994 OTP Bank PLC 140,027 5,266,994 Ireland 2.1% 22,009,885 Bank of Ireland Group PLC 328,980 2,823,432 CRH PLC 561,671 19,186,453 Isle of Man 0.5% 5,501,322 GVC Holdings PLC 358,070 5,501,322 Japan 20.1% 211,225,343 Aisin Seiki Company, Ltd. 137,300 6,403,947 Alps Electric Company, Ltd. 260,100 7,503,505 Value 2 JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

3 Japan (continued) Asahi Group Holdings, Ltd. 206,900 $10,056,326 Fuji Electric Company, Ltd. 2,852,000 21,067,772 Haseko Corp. 609,100 8,082,593 KDDI Corp. 450,500 12,540,498 Kinden Corp. 502,900 8,084,612 KYB Corp. 120,300 5,651,993 Matsumotokiyoshi Holdings Company, Ltd. 159,400 6,912,960 Mitsubishi Electric Corp. 695,400 9,448,208 Nippon Telegraph & Telephone Corp. 221,100 10,226,658 Nomura Holdings, Inc. 1,071,500 5,080,414 Resona Holdings, Inc. 1,841,500 10,473,938 Sanwa Holdings Corp. 477,800 5,434,518 Seven & i Holdings Company, Ltd. 276,100 11,275,889 Sony Corp. 272,000 14,619,132 SUMCO Corp. 380,900 8,150,021 Sumitomo Electric Industries, Ltd. 758,900 11,674,265 Sumitomo Mitsui Financial Group, Inc. 309,300 12,275,415 Suzuki Motor Corp. 154,800 9,105,014 Tokio Marine Holdings, Inc. 236,700 11,261,221 Tokuyama Corp. 186,400 5,896,444 Luxembourg 0.5% 4,911,585 Ternium SA, ADR 135,492 4,911,585 Malta 0.0% 0 BGP Holdings PLC (A)(B) 2,714,128 0 Mexico 1.7% 17,403,906 Alpek SAB de CV 3,314,661 5,596,833 Cemex SAB de CV, ADR (A) 1,584,842 11,807,073 Netherlands 4.8% 50,184,337 ING Groep NV 561,977 8,590,801 Koninklijke Ahold Delhaize NV 223,774 5,690,720 Royal Dutch Shell PLC, A (London Stock Exchange) 1,047,741 35,902,816 Norway 1.1% 11,730,943 DNB ASA 582,564 11,730,943 South Korea 2.5% 26,128,072 Hana Financial Group, Inc. 108,320 4,355,290 KT Corp., ADR 433,531 5,939,375 LG Uplus Corp. 346,347 4,768,233 Samsung Electronics Company, Ltd. 266,565 11,065,174 Switzerland 10.5% 110,925,519 ABB, Ltd. 686,306 15,754,533 Glencore PLC (A) 2,492,021 10,928,591 Novartis AG 201,621 16,920,379 Roche Holding AG 122,293 30,040,825 Swiss Re AG 267,470 24,522,522 UBS Group AG (A) 776,243 12,758,669 United Kingdom 15.1% 159,510,508 Aviva PLC 2,998,968 19,654,389 Cairn Energy PLC (A) 1,287,855 4,127,721 Coca-Cola European Partners PLC 269,100 11,097,684 Direct Line Insurance Group PLC 3,719,038 16,779,721 Value SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND 3

4 United Kingdom (continued) Equiniti Group PLC (C) 1,670,578 $4,693,821 GlaxoSmithKline PLC 768,169 15,955,057 Ibstock PLC (C) 1,056,234 3,403,045 Imperial Brands PLC 248,434 9,514,451 Lloyds Banking Group PLC 15,014,578 12,307,119 Nomad Foods, Ltd. (A) 956,421 18,171,999 Persimmon PLC 203,631 6,623,011 Smiths Group PLC 196,176 4,145,872 The Royal Bank of Scotland Group PLC (A) 1,352,189 4,521,939 Tullow Oil PLC (A) 1,185,000 3,522,710 Vodafone Group PLC 6,166,727 15,065,071 WPP PLC 634,632 9,926,898 United States 4.5% 47,647,141 Air Lease Corp. 212,836 9,356,271 Flex, Ltd. (A) 1,067,000 14,895,320 The Mosaic Company 371,628 11,189,719 Trinseo SA 163,398 12,205,831 Preferred securities 1.7% $17,754,401 (Cost $17,342,383) Germany 1.0% 10,725,543 Volkswagen AG 60,201 10,725,543 South Korea 0.7% 7,028,858 Samsung Electronics Company, Ltd. 204,743 7,028,858 Value Yield (%) Value Short-term investments 4.8% $50,403,090 (Cost $50,403,090) Money market funds 4.8% 50,403,090 State Street Institutional U.S. Government Money Market Fund, Premier Class (D) 50,403,090 50,403,090 Total investments (Cost $1,026,399,474) 99.0% $1,042,758,313 Other assets and liabilities, net 1.0% 10,292,386 Total net assets 100.0% $1,053,050,699 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) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. (C) These securities are exempt from registration under Rule 144A of the Securities Act of Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. (D) The rate shown is the annualized seven-day yield as of JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

5 The fund had the following sector composition as a percentage of net assets on : Financials 20.1% Industrials 13.6% Information technology 10.0% Consumer staples 9.3% Materials 9.2% Energy 8.9% Consumer discretionary 8.3% Health care 8.2% Telecommunication services 5.2% Utilities 1.4% Short-term investments and other 5.8% TOTAL 100.0% SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT JOHN HANCOCK DISCIPLINED VALUE INTERNATIONAL FUND 5

6 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 fund s Valuation Policies and Procedures. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund 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 are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor In certain instances, the Pricing Committee 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 fund s Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE.If a significant event occurs,these securities may be fair valued,as determined in good faith by the fund s Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE. The 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. 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 fund s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy. The following is a summary of the values by input classification of the fund s investments as of July 31,2018, by major security category or type: Total value at Level 1 quoted price Level 2 significant observable inputs Level 3 significant unobservable inputs Investments in securities: Assets Common stocks Australia $10,966,318 $10,966,318 Belgium 6,229,726 6,229,726 Bermuda 23,239,699 $23,239,699 Brazil 4,712,475 4,712,475 Canada 12,723,466 12,723,466 Denmark 13,828,701 13,828,701 France 142,397, ,397,026 Germany 71,826,058 71,826,058 Hong Kong 16,231,798 16,231,798 Hungary 5,266,994 5,266,994 Ireland 22,009,885 22,009,885 Isle of Man 5,501,322 5,501,322 Japan 211,225, ,225,343 Luxembourg 4,911,585 4,911,585 Mexico 17,403,906 17,403,906 Netherlands 50,184,337 50,184,337 Norway 11,730,943 11,730,943 South Korea 26,128,072 5,939,375 20,188,697 Switzerland 110,925, ,925,519 6

7 Total value at Level 1 quoted price Level 2 significant observable inputs Level 3 significant unobservable inputs United Kingdom 159,510,508 29,269, ,240,825 United States 47,647,141 47,647,141 Preferred securities 17,754,401 17,754,401 Short-term investments 50,403,090 50,403,090 Total investments in securities $1,042,758,313 $196,250,420 $846,507,893 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 purchases and sales of the affiliated underlying funds as well as income and capital gains earned, if any, during the period is as follows: Fund Beginning share amount purchased sold Ending share amount Dividends and distributions Income distributions received Capital gain distributions received Realized gain (loss) Change in unrealized appreciation (depreciation) John Hancock Collateral Trust 2,684,342 29,326,222 (32,010,564) ($11,553) $732 For additional information on the fund s significant accounting policies, please refer to the fund s most recent semiannual or annual shareholder report. Ending value 7

8 More information How to contact us Internet Mail Regular mail: John Hancock Signature Services, Inc. P.O. Box Boston, MA Express mail: John Hancock Signature Services, Inc. 30 Dan Road Canton, MA Phone Customer service representatives EASI-Line TDD line Q3 07/18 This report is for the information of the shareholders of John Hancock Disciplined Value International Fund. 9/18