John Hancock Emerging Markets Equity Fund

Transcription

1 456Q3 John Hancock Emerging Markets Equity Fund Quarterly portfolio holdings 7/31/17

2 Fund s investments As of (unaudited) Common stocks 92.0% $1,007,545,087 (Cost $817,664,337) Argentina 1.9% 21,373,804 Banco Macro SA, ADR 110,072 9,555,350 YPF SA, ADR 585,072 11,818,454 Brazil 6.7% 73,040,323 Ambev SA, ADR 1,965,963 11,953,055 B3 SA - Brasil Bolsa Balcao 1,774,100 11,657,225 Klabin SA 2,215,400 11,367,037 Kroton Educacional SA 2,913,600 14,089,851 Odontoprev SA 2,778,700 11,592,954 Ultrapar Participacoes SA 521,700 12,380,201 China 22.7% 248,234,193 3SBio, Inc. (A)(B) 7,971,500 9,993,811 Alibaba Group Holding, Ltd., ADR (B) 294,260 45,595,587 Anhui Conch Cement Company, Ltd., H Shares 3,859,000 14,256,318 Baidu, Inc., ADR (B) 126,798 28,700,727 Bank of China, Ltd., H Shares 27,794,000 13,669,448 China Construction Bank Corp., H Shares 23,005,000 19,101,385 China Lodging Group, Ltd., ADR (B) 124,081 12,622,760 China Pacific Insurance Group Company, Ltd., H Shares 2,627,800 11,578,622 Ctrip.com International, Ltd., ADR (B) 91,786 5,482,378 Dali Foods Group Company, Ltd. (A) 16,389,000 9,880,791 Ping An Insurance Group Company of China, Ltd., H Shares 6,095,500 45,119,581 Semiconductor Manufacturing International Corp. (B) 7,762,500 8,509,159 Tencent Holdings, Ltd. 438,600 17,506,273 Wuxi Biologics Cayman, Inc. (A)(B) 1,387,500 6,217,353 Czech Republic 1.2% 13,641,732 Komercni Banka AS 316,643 13,641,732 Greece 0.5% 5,030,374 Alpha Bank AE (B) 2,098,366 5,030,374 Hong Kong 4.8% 52,493,738 AIA Group, Ltd. 3,619,200 28,466,847 China Gas Holdings, Ltd. 4,784,000 11,571,841 Hong Kong Exchanges & Clearing, Ltd. 437,200 12,455,050 India 11.9% 130,896,374 HDFC Bank, Ltd. 431,815 12,346,668 Housing Development Finance Corp., Ltd. 638,012 17,777,804 ICICI Bank, Ltd. 2,535,509 11,939,079 ICICI Bank, Ltd., ADR 1,053,835 9,811,204 ITC, Ltd. 3,587,027 15,939,075 MakeMyTrip, Ltd. (B) 90,589 2,948,674 Reliance Industries, Ltd. 806,098 20,294,972 Tata Motors, Ltd., ADR (B) 369,122 12,712,562 UltraTech Cement, Ltd. 217,827 13,798,057 Vakrangee, Ltd. 1,940,662 13,328,279 Indonesia 3.9% 43,003,598 Astra International Tbk PT 22,476,700 13,448,858 Bank Rakyat Indonesia Persero Tbk PT 10,906,900 12,084,536 Matahari Department Store Tbk PT 7,036,600 6,689,736 Shares Value 2 JOHN HANCOCK EMERGING MARKETS EQUITY FUND QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

3 Indonesia (continued) Telekomunikasi Indonesia Persero Tbk PT 30,672,600 $10,780,468 Jordan 0.7% 7,606,791 Hikma Pharmaceuticals PLC 408,645 7,606,791 Macau 1.4% 15,348,800 Sands China, Ltd. 3,314,000 15,348,800 Mexico 3.9% 42,489,388 Cemex SAB de CV (B) 19,741,200 19,073,087 Fomento Economico Mexicano SAB de CV 1,032,000 10,406,085 Grupo Financiero Banorte SAB de CV, Series O 1,963,000 13,010,216 Peru 1.6% 17,791,399 Credicorp, Ltd. 96,097 17,791,399 Russia 4.1% 45,427,456 Magnit PJSC, GDR 274,772 10,085,271 Magnit PJSC, GDR 12, ,461 Sberbank of Russia PJSC, ADR 1,993,890 23,418,238 Yandex NV, Class A (B) 395,876 11,472,486 South Africa 6.3% 69,128,270 Mondi PLC 536,362 14,127,474 Naspers, Ltd., N Shares 248,811 55,000,796 South Korea 7.0% 76,526,622 Hana Financial Group, Inc. 413,529 18,868,159 LG Household & Health Care, Ltd. 26,775 23,710,423 NAVER Corp. 20,927 15,026,142 Netmarble Games Corp. (A)(B) 71,680 9,159,769 Samsung Fire & Marine Insurance Company, Ltd. 37,418 9,762,129 Switzerland 1.0% 10,859,756 Luxoft Holding, Inc. (B) 172,514 10,859,756 Taiwan 7.8% 85,190,325 Advanced Semiconductor Engineering, Inc. 10,345,000 13,879,240 Delta Electronics, Inc. 2,277,000 12,099,076 Taiwan Semiconductor Manufacturing Company, Ltd. 2,631,000 18,598,289 Taiwan Semiconductor Manufacturing Company, Ltd., ADR 843,040 30,315,718 Win Semiconductors Corp. 1,759,840 10,298,002 Thailand 1.0% 10,430,953 Kasikornbank PCL 1,753,400 10,430,953 United Kingdom 2.1% 23,062,085 Rio Tinto PLC 492,075 23,062,085 United States 1.5% 15,969,106 Samsonite International SA 3,813,300 15,969,106 Preferred securities 6.8% $74,873,149 (Cost $48,205,144) Brazil 1.3% 14,166,042 Itau Unibanco Holding SA 1,183,673 14,166,042 South Korea 5.5% 60,707,107 Hyundai Motor Company 109,151 9,848,843 Samsung Electronics Company, Ltd. 29,497 50,858,264 Shares Value SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT JOHN HANCOCK EMERGING MARKETS EQUITY FUND 3

4 Yield (%) Shares Value Short-term investments 1.9% $21,613,753 (Cost $21,613,753) Money market funds 1.9% 21,613,753 JPMorgan U.S. Treasury Plus Money Market Fund, Institutional Class (C) 21,613,753 21,613,753 Total investments (Cost $887,483,234) 100.7% $1,104,031,989 Other assets and liabilities, net (0.7%) (8,195,120) Total net assets 100.0% $1,095,836,869 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) 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. (B) Non-income producing security. (C) The rate shown is the annualized seven-day yield as of At , the aggregate cost of investment securities for federal income tax purposes was $889,502,142. Net unrealized appreciation aggregated to $214,529,847, of which $224,722,475 related to appreciated investment securities and $10,192,628 related to depreciated investment securities. The fund had the following sector composition as a percentage of net assets on : Financials 31.0% Information technology 27.1% Consumer discretionary 15.1% Materials 8.7% Consumer staples 7.5% Energy 4.0% Health care 3.3% Utilities 1.1% Telecommunication services 1.0% Short-term investments and other 1.2% TOTAL 100.0% 4 JOHN HANCOCK EMERGING MARKETS EQUITY FUND QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

5 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. 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 31,2017,by major security category or type: Total value at Level 1 Quoted Price Level 2 Observable Level 3 Unobservable Common stocks Argentina $21,373,804 $21,373,804 Brazil 73,040,323 73,040,323 China 248,234,193 98,618,805 $149,615,388 Czech Republic 13,641,732 13,641,732 Greece 5,030,374 5,030,374 Hong Kong 52,493,738 52,493,738 India 130,896,374 25,472, ,423,934 Indonesia 43,003,598 43,003,598 Jordan 7,606,791 7,606,791 Macau 15,348,800 15,348,800 Mexico 42,489,388 42,489,388 Peru 17,791,399 17,791,399 Russia 45,427,456 34,890,724 10,536,732 South Africa 69,128,270 69,128,270 South Korea 76,526,622 9,159,769 67,366,853 Switzerland 10,859,756 10,859,756 Taiwan 85,190,325 30,315,718 54,874,607 Thailand 10,430,953 10,430,953 United Kingdom 23,062,085 23,062,085 United States 15,969,106 15,969,106 Preferred securities 5

6 Total value at Level 1 Quoted Price Level 2 Observable Level 3 Unobservable Brazil 14,166,042 14,166,042 South Korea 60,707,107 60,707,107 Short-term investments 21,613,753 21,613,753 Total investments in securities $1,104,031,989 $399,791,921 $704,240,068 For additional information on the fund s significant accounting policies, please refer to the fund s most recent semiannual or annual shareholder report. 6

7 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 07/17 This report is for the information of the shareholders of John Hancock Emerging Markets Equity Fund. 9/17