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Quarterly portfolio holdings
John Hancock
Investors Trust
Closed-end fixed income
July 31, 2026
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 7-31-26 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 3.7% (2.2% of Total investments)   $4,607,798
(Cost $4,612,675)          
U.S. Government Agency 3.7%         4,607,798
Federal National Mortgage Association          
30 Yr Pass Thru (A) 5.500 07-01-55   4,637,548 4,607,798
Corporate bonds 137.7% (82.5% of Total investments)   $172,803,494
(Cost $177,598,586)          
Communication services 23.9%       29,964,570
Diversified telecommunication services 7.8%      
APLD ComputeCo 2 LLC (B) 6.750 03-15-31   217,000 212,119
APLD ComputeCo 3 LLC (B) 7.000 06-15-31   223,000 217,486
Cipher Compute LLC (B) 7.125 11-15-30   149,000 151,982
Connect Holding II LLC (B) 10.500 04-03-31   104,000 101,779
Edged Compute LLC (B) 7.500 04-30-31   503,000 476,792
ELK Grove Village Property LLC (B) 7.500 06-15-31   39,000 37,567
FiberCop SpA (B) 6.375 11-15-33   70,000 68,760
FiberCop SpA (B) 7.200 07-18-36   70,000 71,045
Iliad Holding SAS (B) 7.000 04-15-32   246,000 248,126
Level 3 Financing, Inc. (B) 3.750 07-15-29   10,000 9,538
Level 3 Financing, Inc. (A)(B)(C) 6.875 06-30-33   1,273,000 1,288,212
Level 3 Financing, Inc. (A)(B)(C) 7.000 03-31-34   829,000 843,274
Level 3 Financing, Inc. (B) 7.500 02-15-37   212,000 210,558
Level 3 Financing, Inc. (B) 8.500 01-15-36   182,000 189,350
Meridian Arc Holdco LLC (A)(B)(C) 6.250 04-30-31   991,000 952,185
PR RNO Property Owner 1 LLC (B) 6.500 05-01-31   639,000 601,695
Sable International Finance, Ltd. (B) 7.125 10-15-32   393,000 388,161
SE Cosmos LLC (B) 8.875 05-01-31   297,000 292,926
Space Exploration Technologies Corp. (A)(B) 5.350 07-15-31   2,000,000 1,946,659
SV RNO Property Owner 1 LLC (B) 5.875 03-01-31   621,000 576,658
Uniti Services LLC (B) 7.500 10-15-33   338,000 345,397
Windstream Services LLC (B) 8.250 10-01-31   413,000 429,945
Zayo Group Holdings, Inc. (7.125% Cash and 1.875% PIK) (B) 9.000 09-09-30   91,872 90,035
Entertainment 3.4%      
AMC Entertainment Holdings, Inc. (B) 7.500 02-15-29   245,000 237,160
Cinemark USA, Inc. (B) 7.000 08-01-32   126,000 129,168
Discovery Global Holdings, Inc. 4.279 03-15-32   1,270,000 1,128,484
Oak-Eagle Acquireco, Inc. (B) 7.250 07-01-33   389,000 403,071
Oak-Eagle Acquireco, Inc. (B) 8.750 07-01-34   235,000 247,569
Playtika Holding Corp. (A)(B)(C) 4.250 03-15-29   939,000 853,194
Univision Communications, Inc. (A)(B)(C) 8.500 07-31-31   850,000 848,118
Univision Communications, Inc. (B) 8.875 04-15-33   221,000 213,978
Univision Communications, Inc. (B) 9.375 08-01-32   223,000 222,740
Interactive media and services 1.2%      
Arches Buyer, Inc. (A)(B)(C) 6.125 12-01-28   51,000 49,854
Arches Buyer, Inc. (B) 9.000 08-15-31   137,000 137,714
Match Group Holdings II LLC (A)(B)(C) 6.125 09-15-33   614,000 597,817
Photo Holdings LLC (B) 12.000 07-01-31   142,000 146,289
Snap, Inc. (A)(B)(C) 6.875 03-01-33   600,000 586,095
Media 8.1%      
Altice Financing SA (B) 5.750 08-15-29   400,000 252,376
Altice Financing SA (B) 9.625 07-15-27   940,000 625,100
Altice France Lux 3 (B) 10.000 01-15-33   120,000 117,765
Altice France SA (B) 6.875 07-15-32   476,372 462,461
Altice France SA (A)(B)(C) 9.500 11-01-29   271,341 275,154
CCO Holdings LLC (B) 7.000 02-01-33   601,000 575,957
2 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Communication services (continued)        
Media (continued)      
CCO Holdings LLC (A)(B)(C) 7.375 02-01-36   282,000 $268,094
CSC Holdings LLC (B) 4.625 12-01-30   200,000 42,500
CSC Holdings LLC (B) 5.500 04-15-27   575,000 356,075
CSC Holdings LLC (B) 11.750 01-31-29   708,000 405,264
DIRECTV Financing LLC (B) 9.250 06-01-32   219,000 224,099
DIRECTV Financing LLC (A)(B)(C) 10.000 02-15-31   963,000 1,006,272
DISH DBS Corp. (D) 5.125 06-01-29   274,000 248,313
DISH DBS Corp. (B)(D) 5.750 12-01-28   276,000 266,340
Gray Media, Inc. (B) 4.750 10-15-30   97,000 74,962
Gray Media, Inc. (B) 5.375 11-15-31   105,000 78,048
Gray Media, Inc. (A)(B)(C) 7.250 08-15-33   210,000 207,703
Gray Media, Inc. (B) 9.625 07-15-32   94,000 95,010
Gray Media, Inc. (A)(B) 10.500 07-15-29   188,000 198,257
iHeartCommunications, Inc. (B) 10.875 05-01-30   194,056 148,259
McGraw-Hill Education, Inc. (A)(B) 8.000 08-01-29   66,000 65,455
Neptune Bidco US, Inc. (B) 9.500 02-15-33   115,000 117,148
Neptune Bidco US, Inc. (B) 10.375 05-15-31   489,000 511,956
Nexstar Media, Inc. (B) 6.500 09-15-33   470,000 467,591
Nexstar Media, Inc. (B) 7.250 04-15-34   235,000 235,527
Paramount Global 3.375 02-15-28   140,000 136,728
Paramount Global 3.700 06-01-28   135,000 131,283
Paramount Global 4.200 06-01-29   137,000 130,093
Paramount Global (A)(C) 4.200 05-19-32   273,000 232,135
Paramount Global 4.950 01-15-31   340,000 311,577
Paramount Global 5.500 05-15-33   117,000 102,110
Paramount Global 6.875 04-30-36   302,000 276,039
Paramount Global 7.875 07-30-30   225,000 234,577
Scripps Escrow II, Inc. (B) 5.375 01-15-31   137,000 79,460
Sinclair Television Group, Inc. (B) 5.500 03-01-30   55,000 47,575
Sinclair Television Group, Inc. (B) 9.750 02-15-33   49,000 54,329
Stagwell Global LLC (A)(B)(C) 5.625 08-15-29   771,000 749,763
The EW Scripps Company (B) 9.875 08-15-30   83,000 73,058
Versant Media Group, Inc. (B) 7.250 01-30-31   97,000 99,991
VZ Secured Financing BV (B) 5.000 01-15-32   146,000 119,720
VZ Secured Financing BV (B) 7.500 01-15-33   113,000 101,423
Wireless telecommunication services 3.4%      
C&W Senior Finance, Ltd. (B) 9.000 01-15-33   590,000 599,443
Rogers Communications, Inc. (7.000% to 4-15-30, then 5 Year CMT + 2.653%) (A)(C) 7.000 04-15-55   1,081,000 1,087,487
SoftBank Group Corp. 5.125 09-19-27   1,500,000 1,483,115
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 4.854% to 7-19-42, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 5.604%) (E) 6.875 07-19-27   883,000 877,363
Vmed O2 UK Financing I PLC (B) 6.750 01-15-33   200,000 160,115
Consumer discretionary 15.9%       19,999,255
Automobile components 2.1%      
American Axle & Manufacturing, Inc. (B) 6.375 10-15-32   84,000 83,552
American Axle & Manufacturing, Inc. (A)(B)(C) 7.750 10-15-33   336,000 330,867
Clarios Global LP (A)(B)(C) 6.750 09-15-32   166,000 167,247
Dealer Tire Financial LLC (B) 10.375 10-01-31   89,000 86,441
IHO Verwaltungs GmbH (7.375% Cash or 8.125% PIK) (B) 7.375 05-15-33   200,000 207,304
IHO Verwaltungs GmbH (8.000% Cash or 8.750% PIK) (B) 8.000 11-15-32   91,000 95,555
The Goodyear Tire & Rubber Company 5.000 07-15-29   289,000 276,874
The Goodyear Tire & Rubber Company (A)(C) 5.250 04-30-31   505,000 453,496
ZF North America Capital, Inc. (B) 6.750 04-23-30   554,000 549,773
ZF North America Capital, Inc. (A)(B)(C) 7.500 03-24-31   430,000 432,999
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 3
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)        
Automobiles 2.0%      
Ford Motor Credit Company LLC 7.350 03-06-30   407,000 $428,112
General Motors Company (A) 6.750 04-01-46   1,500,000 1,529,801
Nissan Motor Company, Ltd. (A)(B)(C) 7.500 07-17-30   518,000 530,571
Broadline retail 3.0%      
Kohl’s Corp. 5.125 05-01-31   287,000 257,219
Kohl’s Corp. (A)(B)(C) 10.000 06-01-30   573,000 618,901
Liberty Interactive LLC (D) 8.250 02-01-30   1,450,000 87,754
Macy’s Retail Holdings LLC (A)(B)(C) 7.375 08-01-33   449,000 467,225
Nordstrom, Inc. (A)(C) 4.250 08-01-31   500,000 465,139
Nordstrom, Inc. (A)(C) 5.000 01-15-44   900,000 647,996
QVC, Inc. (D) 5.950 03-15-43   1,000,000 477,500
QVC, Inc. (B)(D) 6.875 04-15-29   528,000 262,680
Rakuten Group, Inc. (6.250% to 4-22-31, then 5 Year CMT + 4.956% to 4-22-51, then 5 Year CMT + 5.706%) (B)(E) 6.250 04-22-31   226,000 214,256
Rakuten Group, Inc. (8.125% to 12-15-29, then 5 Year CMT + 4.250%) (A)(B)(C)(E) 8.125 12-15-29   200,000 204,411
Consumer staples distribution and retail 0.0%      
ARKO Corp. (B) 5.125 11-15-29   47,000 43,946
Diversified consumer services 0.2%      
Sotheby’s (B) 8.250 04-15-31   278,000 277,310
Hotels, restaurants and leisure 5.4%      
A&K Travel Group Holdings, Ltd. (B) 7.500 05-15-33   211,000 209,987
Affinity Interactive (B) 6.875 12-15-27   853,000 417,970
Choice Hotels International, Inc. 5.850 08-01-34   1,581,000 1,578,405
Fertitta Entertainment LLC (A)(B)(C) 6.750 01-15-30   119,000 116,860
Full House Resorts, Inc. (A)(B)(C) 8.250 02-15-28   666,000 650,023
Gaia Purchaser, Inc. (B) 7.625 07-15-33   89,000 89,274
Hilton Grand Vacations Borrower LLC (A)(B)(C) 6.625 01-15-32   755,000 756,733
Jacobs Entertainment, Inc. (A)(B) 6.750 02-15-29   255,000 250,219
Lindblad Expeditions LLC (A)(B)(C) 7.000 09-15-30   225,000 231,624
Resorts World Las Vegas LLC (B) 8.450 07-27-30   600,000 592,013
Sabre GLBL, Inc. (B) 10.750 11-15-29   171,000 164,588
Sabre GLBL, Inc. (B) 10.750 03-15-30   290,000 277,675
Sabre GLBL, Inc. (A)(B)(C) 11.125 07-15-30   612,000 589,050
Scientific Games Holdings LP (B) 6.625 03-01-30   83,000 67,234
Six Flags Entertainment Corp. (A)(B)(C) 8.625 01-15-32   123,000 124,404
TKC Holdings, Inc. (B) 8.500 08-15-30   412,000 421,167
TKC Holdings, Inc. (B) 12.000 02-15-31   206,000 216,517
Household durables 0.9%      
KB Home 7.250 07-15-30   225,000 228,011
Whirlpool Corp. (A)(C) 6.125 06-15-30   658,000 597,917
Whirlpool Corp. (B) 7.500 07-01-31   131,000 130,182
Whirlpool Corp. (B) 7.875 07-01-34   131,000 123,847
Leisure products 0.0%      
MajorDrive Holdings IV LLC (A)(B)(C) 6.375 06-01-29   55,000 44,975
Specialty retail 2.0%      
Carvana Company (9.000% Cash or 13.000% PIK) (A)(B) 9.000 06-01-30   147,485 152,017
Carvana Company (9.000% Cash or 14.000% PIK) (B) 9.000 06-01-31   204,841 225,309
Champions Financing, Inc. (A)(B)(C) 8.750 02-15-29   63,000 62,339
Gee Automotive Holdings LLC (B) 7.250 03-01-31   82,000 82,620
Mavis Tire Express Services Topco Corp. (B) 6.500 05-15-29   75,000 73,846
Petco Health & Wellness Company, Inc. (B) 8.250 02-01-31   86,000 86,275
PetSmart LLC (A)(B)(C) 7.500 09-15-32   272,000 274,831
PetSmart LLC (B) 10.000 09-15-33   325,000 323,347
Staples, Inc. (B) 12.750 01-15-30   84,000 66,318
4 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)        
Specialty retail (continued)      
The Michaels Companies, Inc. (B) 8.500 03-15-33   331,000 $327,897
The Michaels Companies, Inc. (A)(B)(C) 11.000 03-15-34   87,000 85,164
Wayfair LLC (A)(B) 7.250 10-31-29   171,000 176,093
Wayfair LLC (A)(B) 7.750 09-15-30   571,000 598,349
Textiles, apparel and luxury goods 0.3%      
Beach Acquisition Bidco LLC (10.000% Cash or 10.750% PIK) (B) 10.000 07-15-33   362,592 389,246
Consumer staples 2.8%       3,545,793
Consumer staples distribution and retail 0.2%      
Albertsons Companies, Inc. (A)(B)(C) 5.750 03-31-34   208,000 193,386
KeHE Distributors LLC (B) 7.125 04-30-33   82,000 83,374
Food products 2.3%      
B&G Foods, Inc. (A)(B) 8.000 09-15-28   325,000 317,727
B&G Foods, Inc. (B) 11.000 06-15-31   88,000 78,097
Chobani LLC (B) 6.375 04-15-34   64,000 64,164
Fiesta Purchaser, Inc. (B) 9.625 09-15-32   47,000 44,036
Froneri Lux FinCo Sarl (A)(B)(C) 6.000 08-01-32   1,242,000 1,213,956
Industrial F&B Investments III, Inc. (B) 7.750 02-11-33   72,000 73,102
JBS NV (A) 5.750 04-01-33   610,000 618,675
Post Holdings, Inc. (B) 6.250 10-15-34   55,000 53,475
Simmons Foods, Inc. (A)(B) 4.625 03-01-29   463,000 447,545
Personal care products 0.3%      
HLF Financing Sarl LLC (B) 7.750 05-01-33   356,000 358,256
Energy 13.6%       17,030,291
Energy equipment and services 1.3%      
Beusa Investments LLC (B) 7.000 08-01-31   134,000 130,968
Bristow Group, Inc. (B) 6.750 02-01-33   67,000 67,077
Enerflex, Inc. (B) 6.875 01-15-31   48,000 48,787
Kodiak Gas Services LLC (B) 6.500 10-01-33   293,000 292,621
Nabors Industries, Inc. (B) 7.625 11-15-32   67,000 68,338
Noble Finance II LLC (B) 6.250 06-15-34   73,000 70,888
Oceaneering International, Inc. (B) 6.875 07-15-34   134,000 137,111
SESI LLC (B) 7.875 09-30-30   206,000 208,436
Transocean International, Ltd. 7.500 04-15-31   41,000 41,160
Transocean International, Ltd. (B) 7.875 10-15-32   82,000 85,408
Transocean International, Ltd. (A)(B) 8.250 05-15-29   94,000 96,929
Transocean International, Ltd. (A)(B) 8.500 05-15-31   95,000 99,074
USA Compression Partners LP (B) 6.250 10-01-33   316,000 310,973
Oil, gas and consumable fuels 12.3%      
Calumet Specialty Products Partners LP (B) 9.750 02-15-31   82,000 87,729
Cenovus Energy, Inc. (A) 6.750 11-15-39   115,000 124,285
Continental Resources, Inc. (A) 4.375 01-15-28   1,000,000 992,355
Crescent Energy Finance LLC (A)(B)(C) 8.375 01-15-34   976,000 1,007,038
Delek Logistics Partners LP (B) 6.875 06-01-34   169,000 169,813
Enbridge, Inc. (7.625% to 1-15-33, then 5 Year CMT + 4.418% to 1-15-53, then 5 Year CMT + 5.168%) (A)(C) 7.625 01-15-83   801,000 862,586
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) (A)(C) 8.500 01-15-84   1,369,000 1,547,015
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (A)(C)(E) 7.125 05-15-30   2,067,000 2,121,472
Excelerate Energy LP (B) 8.000 05-15-30   574,000 601,370
Genesis Energy LP 6.750 03-15-34   330,000 329,136
Genesis Energy LP 8.000 05-15-33   527,000 548,247
Genesis Energy LP (A) 8.250 01-15-29   494,000 509,449
Global Partners LP (B) 7.125 07-01-33   228,000 230,890
Howard Midstream Energy Partners LLC (B) 6.625 01-15-34   187,000 189,086
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 5
  Rate (%) Maturity date   Par value^ Value
Energy (continued)        
Oil, gas and consumable fuels (continued)      
Howard Midstream Energy Partners LLC (B) 7.375 07-15-32   104,000 $107,501
Kraken Oil & Gas Partners LLC (B) 7.125 05-15-31   127,000 125,246
Long Ridge Energy LLC (A)(B)(C) 8.750 02-15-32   645,000 667,723
NGL Energy Operating LLC (A)(B) 8.375 02-15-32   187,000 194,459
Northern Oil & Gas, Inc. (B) 7.875 10-15-33   126,000 126,090
Occidental Petroleum Corp. 6.625 09-01-30   242,000 253,734
Petroleos Mexicanos 6.700 02-16-32   632,000 630,431
SM Energy Company (B) 6.625 04-15-34   122,000 121,247
SM Energy Company (A)(B)(C) 7.000 08-01-32   656,000 666,480
SM Energy Company (B) 9.625 06-15-33   424,000 466,411
Solaris Energy Infrastructure LLC (B) 6.375 05-15-31   169,000 166,012
TransMontaigne Partners LLC (B) 8.500 06-15-30   51,000 52,033
Venture Global LNG, Inc. (B) 6.375 12-15-34   219,000 213,288
Venture Global LNG, Inc. (B) 6.625 06-15-36   77,000 75,465
Venture Global LNG, Inc. (B) 7.000 01-15-30   612,000 621,734
Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (A)(B)(C)(E) 9.000 09-30-29   1,502,000 1,495,962
Vermilion Energy, Inc. (B) 7.250 02-15-33   69,000 68,234
Financials 36.4%       45,717,588
Banks 13.5%      
Bank of America Corp. (6.125% to 4-27-27, then 5 Year CMT + 3.231%) (A)(E) 6.125 04-27-27   2,500,000 2,513,790
Bank of Montreal (7.700% to 5-26-29, then 5 Year CMT + 3.452%) (A) 7.700 05-26-84   2,156,000 2,235,970
Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (E) 8.000 03-15-29   2,200,000 2,314,462
BNP Paribas SA (8.000% to 8-22-31, then 5 Year CMT + 3.727%) (A)(B)(C)(E) 8.000 08-22-31   692,000 734,166
HSBC Holdings PLC (6.000% to 5-22-27, then 5 Year U.S. ICE Swap Rate + 3.746%) (A)(E) 6.000 05-22-27   2,200,000 2,207,216
HSBC Holdings PLC (6.875% to 3-11-30, then 5 Year CMT + 3.298%) (A)(E) 6.875 09-11-29   1,111,000 1,129,473
Park River Holdings, Inc. (B) 8.750 12-31-30   53,000 48,738
The Bank of Nova Scotia (8.625% to 10-27-27, then 5 Year CMT + 4.389%) (A) 8.625 10-27-82   2,000,000 2,070,760
The Toronto-Dominion Bank (7.250% to 7-31-29, then 5 Year CMT + 2.977%) (A) 7.250 07-31-84   1,054,000 1,086,219
The Toronto-Dominion Bank (8.125% to 10-31-27, then 5 Year CMT + 4.075%) (A) 8.125 10-31-82   2,100,000 2,163,947
Truist Financial Corp. (5.711% to 1-24-34, then Overnight SOFR + 1.922%) 5.711 01-24-35   413,000 417,183
Capital markets 4.7%      
Ares Capital Corp. (A) 5.550 01-15-30   2,000,000 1,979,253
Ares Strategic Income Fund (A) 5.600 02-15-30   2,000,000 1,961,365
Aretec Group, Inc. (B) 7.500 04-01-29   40,000 39,895
Brookfield Finance, Inc. (6.300% to 1-15-35, then 5 Year CMT + 2.076%) (A) 6.300 01-15-55   1,000,000 965,411
Focus Financial Partners LLC (B) 6.750 09-15-31   433,000 430,294
Hightower Holding LLC (B) 6.750 04-15-29   32,000 31,881
Hightower Holding LLC (B) 9.125 01-31-30   43,000 44,560
Jane Street Group (A)(B)(C) 6.750 05-01-33   413,000 420,896
Consumer finance 3.9%      
Bread Financial Holdings, Inc. (A)(B)(C) 6.750 05-15-31   285,000 290,544
Credit Acceptance Corp. (A)(B)(C) 6.625 03-15-30   356,000 355,617
Figure Technology Solutions, Inc. (B) 8.500 07-31-31   222,000 218,502
goeasy, Ltd. (B) 7.375 10-01-30   743,000 681,045
Navient Corp. 9.375 10-15-31   176,000 175,816
OneMain Finance Corp. (A)(C) 6.125 05-15-30   912,000 906,522
OneMain Finance Corp. (A)(C) 6.500 03-15-33   725,000 707,782
OneMain Finance Corp. 6.750 03-15-32   218,000 216,944
OneMain Finance Corp. 7.875 03-15-30   1,000,000 1,035,189
PHH Escrow Issuer LLC (B) 9.875 11-01-29   66,000 65,394
RFNA LP (B) 7.875 02-15-30   257,000 256,910
Financial services 5.2%      
Block, Inc. 3.500 06-01-31   600,000 547,039
Cobra AcquisitionCo LLC (B) 6.375 11-01-29   41,000 35,617
6 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Financial services (continued)      
Cobra AcquisitionCo LLC (B) 12.250 11-01-29   25,000 $25,397
CrossCountry Intermediate HoldCo LLC (B) 6.500 10-01-30   212,000 205,018
CrossCountry Intermediate HoldCo LLC (B) 6.750 12-01-32   293,000 279,590
Enact Holdings, Inc. (A) 6.250 05-28-29   1,068,000 1,095,511
Freedom Mortgage Holdings LLC (B) 6.875 05-01-31   88,000 84,831
Freedom Mortgage Holdings LLC (B) 7.875 04-01-33   221,000 213,138
Freedom Mortgage Holdings LLC (B) 8.375 04-01-32   336,000 337,478
ION Platform Finance US, Inc. (A)(B) 5.750 05-15-28   189,000 178,764
ION Platform Finance US, Inc. (B) 7.875 09-30-32   208,000 164,739
ION Platform Finance US, Inc. (B) 9.500 05-30-29   263,000 248,862
LD Holdings Group LLC (B) 6.125 04-01-28   56,000 45,060
LD Holdings Group LLC (B) 8.750 11-01-27   35,000 31,610
NMI Holdings, Inc. (A) 6.000 08-15-29   649,000 658,417
Osaic Holdings, Inc. (B) 6.750 08-01-32   403,000 404,441
Osaic Holdings, Inc. (B) 8.000 08-01-33   83,000 84,220
Oxford Finance LLC (B) 7.750 05-15-31   129,000 127,538
PennyMac Financial Services, Inc. (B) 6.750 02-15-34   425,000 394,198
PennyMac Financial Services, Inc. (B) 6.875 05-15-32   355,000 339,343
PennyMac Financial Services, Inc. (B) 6.875 02-15-33   382,000 362,460
Rocket Companies, Inc. (B) 6.500 06-15-34   155,000 156,225
Stonebriar ABF Issuer LLC (B) 8.125 12-15-30   386,000 401,893
Walker & Dunlop, Inc. (B) 6.625 04-01-33   177,000 177,245
Insurance 8.5%      
Acrisure LLC (B) 8.500 06-15-29   320,000 305,908
Alliant Holdings Intermediate LLC (B) 7.000 01-15-31   331,000 335,882
Alliant Holdings Intermediate LLC (A)(B)(C) 7.375 10-01-32   281,000 282,576
Amynta Agency Borrower, Inc. (B) 7.500 07-15-33   74,000 72,324
Ardonagh Group Finance, Ltd. (B) 8.875 02-15-32   161,000 160,191
Asurion LLC (B) 8.000 12-31-32   674,000 681,836
Asurion LLC (A)(B)(C) 8.375 02-01-34   685,000 624,109
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) (A) 6.625 10-15-54   1,000,000 942,468
Athene Holding, Ltd. (6.875% to 6-28-35, then 5 Year CMT + 2.582%) (A) 6.875 06-28-55   2,000,000 1,889,119
Baldwin Insurance Group Holdings LLC (B) 7.125 05-15-31   315,000 317,671
Broadstreet Partners Group LLC (B) 5.875 04-15-29   76,000 74,309
CRC Insurance Group LLC (A)(B)(C) 7.125 06-01-31   755,000 753,578
Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (B) 7.950 10-15-54   516,000 516,463
Howden UK Refinance PLC (B) 7.250 02-15-31   466,000 461,549
Howden UK Refinance PLC (B) 8.125 02-15-32   362,000 336,563
HUB International, Ltd. (A)(B)(C) 7.375 01-31-32   321,000 328,303
Jones Deslauriers Insurance Management, Inc. (A)(B)(C) 6.875 10-01-33   42,000 39,556
Prudential Financial, Inc. (3.700% to 10-1-30, then 5 Year CMT + 3.035%) (A) 3.700 10-01-50   2,100,000 1,938,635
SBL Holdings, Inc. (A)(B) 5.000 02-18-31   587,000 522,944
USI, Inc. (B) 7.500 01-15-32   64,000 65,318
Mortgage real estate investment trusts 0.6%      
Blackstone Mortgage Trust, Inc. (A)(B)(C) 7.750 12-01-29   588,000 607,647
Starwood Property Trust, Inc. (B) 5.875 08-15-29   156,000 156,261
Health care 7.2%       8,986,976
Biotechnology 0.3%      
Emergent BioSolutions, Inc. (B) 3.875 08-15-28   46,000 42,207
Genmab A/S (B) 7.250 12-15-33   145,000 149,510
National Mentor Holdings, Inc. (B) 10.500 12-15-30   183,000 193,002
Health care providers and services 4.6%      
Acadia Healthcare Company, Inc. (A)(B)(C) 7.375 03-15-33   658,000 678,561
Accendra Health, Inc. (A)(B)(C) 9.750 06-15-33   50,170 33,488
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 7
  Rate (%) Maturity date   Par value^ Value
Health care (continued)        
Health care providers and services (continued)      
AMN Healthcare, Inc. (B) 6.500 01-15-31   294,000 $294,011
Community Health Systems, Inc. (A)(B)(C) 5.250 05-15-30   498,000 459,859
Community Health Systems, Inc. (A)(B)(C) 6.125 04-01-30   130,000 109,222
Community Health Systems, Inc. (A)(B)(C) 6.875 04-15-29   131,000 126,340
Community Health Systems, Inc. (A)(B) 10.875 01-15-32   210,000 221,507
CVS Health Corp. (7.000% to 3-10-30, then 5 Year CMT + 2.886%) 7.000 03-10-55   847,000 872,108
Encompass Health Corp. (B) 5.875 06-01-34   87,000 86,135
HCA, Inc. (A) 5.500 06-15-47   1,760,000 1,570,952
LifePoint Health, Inc. (A)(B)(C) 5.375 01-15-29   52,000 49,347
LifePoint Health, Inc. (B) 7.000 05-01-34   223,000 208,291
LifePoint Health, Inc. (A)(B)(C) 10.000 06-01-32   81,000 77,766
MPH Acquisition Holdings LLC (B) 5.750 12-31-30   80,000 61,600
MPH Acquisition Holdings LLC (6.000% Cash and 0.750% PIK) (B) 6.750 03-31-31   79,593 47,358
MPH Acquisition Holdings LLC (6.500% Cash and 5.000% PIK) (B) 11.500 12-31-30   68,290 64,193
Radiology Partners, Inc. (0.000% Cash and 9.781% PIK) (B) 9.781 02-15-30   84,961 84,272
Raven Acquisition Holdings LLC (B) 6.875 11-15-31   359,000 349,269
Surgery Center Holdings, Inc. (A)(B)(C) 7.250 04-15-32   125,000 125,389
TEAM Services Holding, Inc. (A)(B)(C) 9.000 02-15-33   203,000 205,577
Health care technology 0.3%      
AthenaHealth Group, Inc. (B) 6.500 02-15-30   246,000 237,286
AthenaHealth Group, Inc. (B) 7.500 02-15-32   72,000 73,816
Pharmaceuticals 2.0%      
Bausch Health Americas, Inc. (B) 8.500 01-31-27   67,000 66,611
Bausch Health Companies, Inc. (B) 5.000 01-30-28   48,000 43,476
Bausch Health Companies, Inc. (B) 5.250 02-15-31   127,000 77,343
Bausch Health Companies, Inc. (B) 6.250 02-15-29   122,000 95,770
Bausch Health Companies, Inc. (A)(B)(C) 10.000 04-15-32   1,541,000 1,575,284
Bausch Health Companies, Inc. (A)(B)(C) 14.000 10-15-30   40,000 36,288
Endo Finance Holdings LP (A)(B) 8.500 04-15-31   487,000 512,869
Perrigo Finance Unlimited Company 5.150 06-15-30   86,000 81,313
Perrigo Finance Unlimited Company (A)(C) 6.125 09-30-32   81,000 76,956
Industrials 10.3%       12,965,010
Aerospace and defense 1.0%      
ATI, Inc. 5.875 06-15-33   88,000 88,540
Efesto Bidco SpA Efesto US LLC (B) 7.500 02-15-32   200,000 202,231
TransDigm, Inc. (B) 6.125 07-31-34   412,000 407,373
TransDigm, Inc. (A)(B)(C) 6.750 01-31-34   583,000 592,487
Building products 0.9%      
Builders FirstSource, Inc. (A)(B)(C) 6.750 05-15-35   425,000 420,775
CP Atlas Buyer, Inc. (7.000% Cash and 5.750% PIK) (B) 12.750 01-15-31   50,408 34,403
FXI Holdings, Inc. (A)(B)(C) 11.000 11-15-30   21,000 17,325
JELD-WEN Holding, Inc. (A)(B)(C) 7.000 09-01-32   749,000 456,561
Miter Brands Acquisition Holdco, Inc. (B) 6.750 04-01-32   258,000 254,026
Commercial services and supplies 3.1%      
Allied Universal Holdco LLC (B) 6.000 06-01-29   97,000 96,146
Allied Universal Holdco LLC (B) 6.875 06-15-30   940,000 960,498
Allied Universal Holdco LLC (A)(B) 7.875 02-15-31   678,000 703,935
Cimpress PLC (A)(B)(C) 7.375 09-15-32   187,000 187,537
Garda World Security Corp. (B) 8.250 08-01-32   100,000 101,408
Garda World Security Corp. (A)(B)(C) 8.375 11-15-32   99,000 100,583
RR Donnelley & Sons Company (5.500% Cash and 5.500% PIK) (B) 11.000 06-01-31   92,000 87,452
The GEO Group, Inc. (A) 10.250 04-15-31   896,000 966,246
VT Topco, Inc. (A)(B)(C) 8.500 08-15-30   711,000 726,178
8 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)        
Construction and engineering 0.4%      
Brand Industrial Services, Inc. (A)(B)(C) 10.375 08-01-30   209,000 $180,999
Brundage-Bone Concrete Pumping Holdings, Inc. (B) 7.500 02-01-32   179,000 183,438
Global Infrastructure Solutions, Inc. (B) 6.375 07-15-34   133,000 133,908
Granite Construction, Inc. (B) 6.375 06-15-34   37,000 36,894
Ground transportation 0.0%      
GB AIT Buyer, Inc. (B) 8.750 04-30-34   43,000 42,677
Machinery 1.9%      
Columbus McKinnon Corp. (A)(B)(C) 7.125 02-01-33   164,000 165,230
LSF12 Helix Parent LLC (B) 7.125 02-01-33   19,000 18,602
Madison IAQ LLC (A)(B) 5.875 06-30-29   109,000 109,003
Stanley Black & Decker, Inc. (6.707% to 3-15-30, then 5 Year CMT + 2.657%) 6.707 03-15-60   2,004,000 1,983,124
Synergy Infrastructure Holdings LLC (B) 7.875 12-01-30   83,000 86,580
Passenger airlines 0.8%      
JetBlue Airways Corp. (A)(B)(C) 9.875 09-20-31   1,089,000 947,587
Professional services 0.7%      
Amentum Holdings, Inc. (B) 7.250 08-01-32   152,000 156,164
TriNet Group, Inc. (B) 7.125 08-15-31   648,000 657,090
Trading companies and distributors 0.9%      
Alta Equipment Group, Inc. (A)(B)(C) 9.000 06-01-29   53,000 50,558
EquipmentShare.com, Inc. (B) 7.125 07-01-34   273,000 260,750
QXO Building Products, Inc. (B) 6.500 07-15-31   382,000 383,549
QXO Building Products, Inc. (B) 6.875 07-15-34   440,000 440,657
Transportation infrastructure 0.6%      
Carrix, Inc. (B) 6.125 08-01-33   525,000 522,575
PODS LLC (B) 8.750 05-15-31   212,000 201,921
Information technology 10.0%       12,581,388
Communications equipment 0.6%      
Cooper-Standard Automotive, Inc. (B) 9.250 03-01-31   108,000 109,929
EchoStar Corp. (A) 10.750 11-30-29   441,000 477,031
Viasat, Inc. (B) 6.500 07-15-28   40,000 39,686
Viasat, Inc. (B) 7.500 05-30-31   74,000 73,981
IT services 1.9%      
CoreLogic, Inc. (B) 9.000 08-01-31   224,000 220,869
CoreLogic, Inc. (B) 12.000 02-01-32   90,000 84,317
CoreWeave, Inc. (A)(B)(C) 9.000 02-01-31   206,000 185,955
CoreWeave, Inc. (A)(B)(C) 9.250 06-01-30   356,000 332,702
CoreWeave, Inc. (B) 9.625 07-15-32   174,000 155,735
CoreWeave, Inc. (B) 9.750 10-01-31   389,000 352,964
Galaxy Helios Data Centers II LLC (B) 9.875 08-01-31   539,000 540,466
Virtusa Corp. (B) 7.125 12-15-28   639,000 522,517
Yondr JK 1 LLC (B) 6.875 06-30-31   56,000 53,335
Software 6.9%      
Cloud Software Group LLC (A)(B)(C) 6.625 08-15-33   231,000 201,397
Cloud Software Group LLC (B) 9.000 09-30-29   914,000 895,493
Consensus Cloud Solutions, Inc. (A)(B) 6.500 10-15-28   600,000 598,479
Core Scientific Finance I LLC (B) 7.750 05-15-31   430,000 421,067
Flash Compute LLC (B) 7.250 12-31-30   174,000 175,709
NCR Voyix Corp. (B) 5.125 04-15-29   44,000 42,663
Oracle Corp. (A) 4.550 02-04-29   2,000,000 1,949,780
Oracle Corp. (SOFR Compounded Index + 1.110%) (A)(F) 4.736 02-04-29   2,000,000 1,982,400
Oracle Corp. (A) 4.950 02-04-31   2,000,000 1,910,334
Pagaya US Holdings Company LLC (A)(B)(C) 8.875 08-01-30   200,000 178,388
Rocket Software, Inc. (B) 6.500 02-15-29   60,000 55,283
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 9
  Rate (%) Maturity date   Par value^ Value
Information technology (continued)        
Software (continued)      
Stingray Compute LLC (B) 6.000 06-15-31   96,000 $93,655
WULF Compute LLC (B) 7.750 10-15-30   215,000 223,378
Technology hardware, storage and peripherals 0.6%      
Dell International LLC (A) 8.350 07-15-46   319,000 386,024
Xerox Corp. (A)(B)(C) 10.250 10-15-30   54,000 48,735
Xerox Corp. (A)(B)(C) 13.500 04-15-31   73,000 52,223
Xerox Holdings Corp. (B) 5.500 08-15-28   363,000 216,893
Materials 10.8%       13,554,128
Chemicals 4.1%      
Ashland, Inc. 6.875 05-15-43   845,000 859,572
Celanese US Holdings LLC 7.000 02-15-31   164,000 168,148
Celanese US Holdings LLC (A)(C) 7.375 02-15-34   164,000 168,698
Celanese US Holdings LLC (A)(C) 7.550 11-15-30   217,000 228,429
Consolidated Energy Finance SA (A)(B)(C) 12.000 02-15-31   150,000 156,704
FMC Corp. 3.450 10-01-29   99,000 90,978
FMC Corp. (A)(C) 5.650 05-18-33   70,000 62,531
FMC Corp. (A)(B) 8.000 06-01-31   178,000 184,057
Huntsman International LLC 4.500 05-01-29   124,000 119,346
INEOS Finance PLC (B) 6.750 05-15-28   212,000 211,181
INEOS Quattro Finance 2 PLC (A)(B) 9.625 03-15-29   58,000 51,246
Mativ Holdings, Inc. (A)(B)(C) 8.000 10-01-29   82,000 81,184
Olympus Water US Holding Corp. (B) 6.750 08-01-32   626,000 609,257
Olympus Water US Holding Corp. (B) 7.250 02-15-33   204,000 199,832
SCIH Salt Holdings, Inc. (B) 6.625 05-01-29   73,000 73,000
SCIH Salt Holdings, Inc. (B) 8.000 08-15-32   67,000 66,494
Stonepeak Motion Holdco, Ltd. (B) 6.125 07-15-33   324,000 322,350
The Chemours Company (A)(B) 5.750 11-15-28   83,000 82,588
The Chemours Company (B) 8.000 01-15-33   54,000 53,153
The Scotts Miracle-Gro Company (A)(C) 4.000 04-01-31   700,000 650,498
Tronox, Inc. (A)(B)(C) 4.625 03-15-29   120,000 73,729
WR Grace Holdings LLC (B) 5.625 08-15-29   121,000 111,092
WR Grace Holdings LLC (B) 6.625 08-15-32   299,000 284,653
WR Grace Holdings LLC (B) 7.000 08-01-33   246,000 235,630
Construction materials 0.6%      
Quikrete Holdings, Inc. (A)(B)(C) 6.750 03-01-33   544,000 551,192
Standard Building Solutions, Inc. (B) 5.875 03-15-34   183,000 175,709
White Cap Supply Holdings LLC (B) 7.375 11-15-30   65,000 65,484
Containers and packaging 4.4%      
Ardagh Group SA (A)(B)(C) 9.500 12-01-30   963,356 1,020,876
Ardagh Group SA (6.000% Cash and 5.000% PIK) (B) 11.000 12-01-30   1,222,185 1,131,973
Ardagh Metal Packaging Finance USA LLC (B) 4.000 09-01-29   110,000 104,429
Ardagh Metal Packaging Finance USA LLC (B) 6.250 01-30-31   200,000 201,348
Clydesdale Acquisition Holdings, Inc. (B) 6.750 04-15-32   350,000 333,306
Clydesdale Acquisition Holdings, Inc. (B) 6.875 01-15-30   780,000 773,294
Clydesdale Acquisition Holdings, Inc. (A)(B)(C) 8.750 04-15-30   250,000 238,926
Mauser Packaging Solutions Holding Company (B) 9.250 04-15-30   137,000 135,788
Owens-Brockway Glass Container, Inc. (A)(B)(C) 7.250 05-15-31   1,100,000 1,041,396
Owens-Brockway Glass Container, Inc. (A)(B)(C) 9.500 06-01-33   84,000 82,641
Sword Purchaser LLC (B) 10.500 04-15-34   138,000 142,663
Trident TPI Holdings, Inc. (B) 12.750 12-31-28   66,000 64,463
Trivium Packaging Finance BV (A)(B) 8.250 07-15-30   180,000 190,276
Trivium Packaging Finance BV (B) 12.250 01-15-31   63,000 69,714
Metals and mining 1.1%      
Champion Iron Canada, Inc. (A)(B)(C) 7.875 07-15-32   169,000 173,229
10 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Materials (continued)        
Metals and mining (continued)      
Hybar LLC (B) 7.375 07-01-34   56,000 $56,210
Mineral Resources, Ltd. (B) 6.000 05-01-32   53,000 52,027
Mineral Resources, Ltd. (B) 6.250 05-01-34   53,000 51,657
Novelis Corp. (B) 4.750 01-30-30   610,000 586,300
Novelis Corp. (B) 6.375 08-15-33   342,000 341,375
PLS Group, Ltd. (B) 6.875 05-01-31   25,000 25,339
Skeena Resources, Ltd. (B) 8.500 04-01-31   23,000 24,014
Paper and forest products 0.6%      
Magnera Corp. (A)(B)(C) 7.250 11-15-31   793,000 776,149
Real estate 3.1%       3,892,244
Health care REITs 0.6%      
Diversified Healthcare Trust 4.750 02-15-28   53,000 52,015
Diversified Healthcare Trust (B) 7.250 10-15-30   126,000 129,135
MPT Operating Partnership LP 3.500 03-15-31   135,000 92,149
MPT Operating Partnership LP (A)(C) 4.625 08-01-29   95,000 76,130
MPT Operating Partnership LP (A)(C) 5.000 10-15-27   147,000 142,637
MPT Operating Partnership LP (B) 8.500 02-15-32   228,000 231,719
Hotel and resort REITs 0.3%      
Service Properties Trust (A)(C) 3.950 01-15-28   42,000 40,582
Service Properties Trust 4.950 10-01-29   82,000 76,640
Service Properties Trust (A)(B)(G) 5.958 09-30-27   84,000 78,440
Service Properties Trust (A)(B) 8.625 11-15-31   144,000 151,327
Service Properties Trust 8.875 06-15-32   72,000 73,982
Real estate management and development 1.1%      
Anywhere Real Estate Group LLC (B) 5.250 04-15-30   89,000 85,320
Anywhere Real Estate Group LLC (B) 7.000 04-15-30   297,935 300,193
Anywhere Real Estate Group LLC (B) 9.750 04-15-30   428,000 458,575
Fideicomiso Irrevocable de Emision, Administracion y Fuente de Pago Numero CIB/4323 (11.000% Cash and 2.000% PIK) (B)(D) 13.000 09-12-30   202,000 85,598
Kennedy-Wilson, Inc. (B) 7.000 06-01-31   153,000 155,800
Kennedy-Wilson, Inc. (B) 7.250 06-01-33   97,000 98,197
The Howard Hughes Corp. (B) 5.875 03-01-32   123,000 120,147
The Howard Hughes Corp. (B) 6.125 03-01-34   123,000 119,904
Specialized REITs 1.1%      
Iron Mountain, Inc. (B) 6.250 01-15-35   373,000 368,305
Millrose Properties, Inc. (A)(B)(C) 6.375 08-01-30   220,000 221,626
Outfront Media Capital LLC (B) 6.000 06-15-34   134,000 132,325
Uniti Group LP (A)(B)(C) 6.500 02-15-29   205,000 202,184
Uniti Group LP (A)(B)(C) 8.625 06-15-32   63,000 64,340
Uniti Group LP (B) 8.625 06-15-32   328,000 334,974
Utilities 3.7%       4,566,251
Electric utilities 2.0%      
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) (A) 6.375 08-15-55   2,056,000 2,064,020
VoltaGrid LLC (B) 7.375 11-01-30   409,000 411,033
Independent power and renewable electricity producers 1.7%      
Alpha Generation LLC (B) 6.250 01-15-34   165,000 161,237
Alpha Generation LLC (B) 6.750 10-15-32   305,000 307,659
ContourGlobal Power Holdings SA (A)(B)(C) 6.750 02-28-30   617,000 626,619
Talen Energy Supply LLC (B) 6.250 02-01-34   623,000 611,045
TransAlta Corp. 5.875 02-01-34   126,000 122,830
XPLR Infrastructure Operating Partners LP (B) 7.750 04-15-34   250,000 261,808
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 11
  Rate (%) Maturity date   Par value^ Value
Term loans (H) 20.7% (12.4% of Total investments)   $25,956,847
(Cost $27,074,741)          
Communication services 6.2%         7,824,539
Entertainment 4.9%      
Discovery Global Holdings, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 2.500%) 6.231 06-03-33   4,668,462 4,671,403
Playtika Holding Corp., 2021 Term Loan B1 (1 month CME Term SOFR + 2.750%) 6.595 03-13-28   1,484,334 1,451,931
Interactive media and services 0.5%      
Arches Buyer, Inc., 2021 Term Loan B (1 month CME Term SOFR + 3.250%) 7.081 12-06-27   678,579 676,991
Media 0.8%      
Cable One, Inc., 2021 Term Loan B4 (1 month CME Term SOFR + 2.000%) 5.845 05-03-28   652,972 544,252
Townsquare Media, Inc., 2025 Term Loan (6 month CME Term SOFR + 5.000%) 8.587 02-19-30   656,601 479,962
Consumer discretionary 2.4%         2,960,162
Hotels, restaurants and leisure 2.4%      
Dave & Buster’s, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.250%) 6.916 06-29-29   1,602,000 1,397,457
J&J Ventures Gaming LLC, 2025 Repriced Term Loan B (1 month CME Term SOFR + 3.500%) 7.231 04-26-30   1,571,410 1,562,705
Energy 1.6%         2,012,180
Oil, gas and consumable fuels 1.6%      
Calcasieu Pass Funding LLC, 2026 Term Loan B (6 month CME Term SOFR + 3.250%) 6.954 04-11-33   2,000,000 2,012,180
Financials 6.2%         7,749,474
Capital markets 0.4%      
Hightower Holding LLC, 2025 1st Lien Term Loan B (3 month CME Term SOFR + 2.750%) 6.408 02-03-32   493,759 491,291
Financial services 4.0%      
Edelman Financial Engines Center LLC, 2026 Term Loan B (1 month CME Term SOFR + 4.000%) 7.731 12-01-31   2,531,000 2,538,745
June Purchaser LLC, Term Loan (1 month CME Term SOFR + 2.750%) 6.481 11-28-31   84,643 84,881
Kestra Advisor Services Holdings A, Inc., 2026 Term Loan B (1 month CME Term SOFR + 2.750%) 6.481 03-22-31   1,598,750 1,589,429
Summit Acquisition, Inc., 2025 Add-on Term Loan (1 month CME Term SOFR + 3.500%) 7.231 10-16-31   770,485 770,485
Insurance 1.8%      
Amynta Agency Borrower, Inc., 2026 Repriced Term Loan B (1 month CME Term SOFR + 2.500%) 6.231 12-29-31   654,411 650,242
CRC Insurance Group LLC, 2nd Lien Term Loan (3 month CME Term SOFR + 4.750%) 8.482 05-06-32   340,000 326,118
IMA Financial Group, Inc., Term Loan (1 month CME Term SOFR + 3.000%) 6.749 11-01-28   720,058 719,755
OneDigital Borrower LLC, 2025 Repriced Term Loan (1 month CME Term SOFR + 3.000%) 6.731 07-02-31   590,708 578,528
Health care 1.0%         1,277,181
Health care providers and services 0.7%      
Bella Holding Company LLC, 2026 Term Loan B (1 month CME Term SOFR + 3.250%) 6.981 06-16-33   950,000 948,224
Health care technology 0.3%      
AthenaHealth Group, Inc., 2026 Term Loan B (1 month CME Term SOFR + 3.250%) 6.981 02-16-32   331,650 328,957
Industrials 3.0%         3,721,135
Building products 0.3%      
Advanced Drainage Systems, Inc., 2026 Term Loan B (1 month CME Term SOFR + 1.625%) 5.272 02-28-33   309,225 311,467
Commercial services and supplies 1.5%      
Anticimex Global AB, 2025 USD Term Loan (3 month CME Term SOFR + 2.900%) 6.410 11-17-31   535,171 536,220
Garda World Security Corp., 2026 Term Loan B (3 month CME Term SOFR + 2.750%) 6.513 02-01-29   1,300,349 1,298,399
Ground transportation 0.6%      
GB AIT Buyer, Inc., 2026 Term Loan B (3 month CME Term SOFR + 4.250%) 8.073 04-29-33   784,000 782,573
Passenger airlines 0.6%      
AAdvantage Loyalty IP, Ltd., 2025 Term Loan (3 month CME Term SOFR + 2.250%) 5.979 04-20-28   792,904 792,476
Information technology 0.3%         369,075
IT services 0.3%      
CoreWeave Financing V LLC, Delayed Draw Term Loan (1 month CME Term SOFR + 4.500%) 3.811 11-17-31   370,000 369,075
12 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Materials 0.0%         $43,101
Chemicals 0.0%      
Trinseo Holding Sarl, 2021 Term Loan B2 (D) 0.000 05-03-28   862,023 43,101
Collateralized mortgage obligations 0.0% (0.0% of Total investments)   $65,525
(Cost $103,663)          
Commercial and residential 0.0%         61,189
HarborView Mortgage Loan Trust          
Series 2007-3, Class ES IO (B) 0.350 05-19-37   1,241,435 19,799
Series 2007-4, Class ES IO 0.350 07-19-37   1,235,944 18,465
Series 2007-6, Class ES IO (B) 0.343 08-19-37   1,347,267 22,925
U.S. Government Agency 0.0%         4,336
Government National Mortgage Association          
Series 2012-114, Class IO (A) 0.640 01-16-53   299,676 4,336
Asset-backed securities 0.4% (0.3% of Total investments)   $512,009
(Cost $504,147)          
Asset-backed securities 0.4%         512,009
ContiMortgage Home Equity Loan Trust          
Series 1995-2, Class A5 (I) 8.100 08-15-25   13,188 12,584
MVW LLC          
Series 2022-1A, Class D (B) 7.350 11-21-39   239,855 240,853
Series 2023-1A, Class D (B) 8.830 10-20-40   251,290 258,572
    
        Shares Value
Common stocks 0.0% (0.0% of Total investments)   $0
(Cost $192,563)          
Industrials 0.0%         0
Passenger airlines 0.0%    
Global Aviation Holdings, Inc., Class A (J)(K)       82,159 0
Preferred securities 1.4% (0.9% of Total investments)   $1,837,772
(Cost $1,828,671)          
Financials 1.0%         1,272,152
Insurance 1.0%  
Athene Holding, Ltd., 7.250% (7.250% to 3-30-29, then 5 Year CMT + 2.986%) (A)   51,525 1,272,152
Utilities 0.4%         565,620
Multi-utilities 0.4%  
Algonquin Power & Utilities Corp., 8.023% (3 month CME Term SOFR + 4.272% to 7-1-29, then 3 month CME Term SOFR + 4.522% to 7-1-49, then 3 month CME Term SOFR + 5.272%) (F)   22,000 565,620
    
    Yield (%)   Shares Value
Short-term investments 2.8% (1.7% of Total investments) $3,495,544
(Cost $3,496,199)          
Short-term funds 2.8%         3,495,544
John Hancock Collateral Trust (L)   3.5672(M)   349,565 3,495,544
    
Total investments (Cost $215,411,245) 166.7%     $209,278,989
Other assets and liabilities, net (66.7%)     (83,760,316)
Total net assets 100.0%     $125,518,673
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
ICE Intercontinental Exchange
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 13
PIK Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
SOFR Secured Overnight Financing Rate
(A) All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 7-31-26 was $98,890,379.
(B) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $102,767,086 or 81.9% of the fund’s net assets as of 7-31-26.
(C) All or a portion of this security is on loan as of 7-31-26, and is a component of the fund’s leverage under the Liquidity Agreement. The value of securities on loan amounted to $44,549,288.
(D) Non-income producing - Issuer is in default.
(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F) Variable rate obligation. The coupon rate shown represents the rate at period end.
(G) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
(H) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(I) The security has matured but proceeds have not been received.
(J) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(K) Non-income producing security.
(L) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(M) The rate shown is the annualized seven-day yield as of 7-31-26.
The fund had the following country composition as a percentage of total investments on 7-31-26:
United States 79.5%
Canada 8.2%
United Kingdom 3.4%
Luxembourg 2.5%
Japan 1.6%
Israel 1.1%
Other countries 3.7%
TOTAL 100.0%
14 JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
DERIVATIVES
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date 		Unrealized
appreciation 		Unrealized
depreciation
USD 243,719 EUR 210,000 JPM 9/16/2026 $1,145 —
            $1,145 —
SWAPS
Interest rate swaps
Counterparty (OTC)/
Centrally cleared 		Notional
amount 		Currency Payments
made 		Payments
received 		Fixed
payment
frequency 		Floating
payment
frequency 		Maturity
date 		Unamortized
upfront
payment
paid
(received) 		Unrealized
appreciation
(depreciation) 		Value
Centrally cleared 13,000,000 USD Fixed 3.817% USD SOFR Compounded OIS(a) Semi-Annual Quarterly Dec 2026 — $3,525 $3,525
                — $3,525 $3,525
    
(a) At 7-31-26, the overnight SOFR was 3.660%.
    
Derivatives Currency Abbreviations
EUR Euro
USD U.S. Dollar
    
Derivatives Abbreviations
JPM JPMorgan Chase Bank, N.A.
OIS Overnight Index Swap
OTC Over-the-counter
SOFR Secured Overnight Financing Rate
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT 15
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: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. 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. Swaps are generally valued using evaluated prices obtained from an independent pricing vendor. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor.
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.
The following is a summary of the values by input classification of the fund’s investments as of July 31, 2026, by major security category or type:
  Total
value at
7-31-26 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
         
Investments in securities:        
Assets        
U.S. Government and Agency obligations $4,607,798 — $4,607,798 —
Corporate bonds 172,803,494 — 172,803,494 —
Term loans 25,956,847 — 25,956,847 —
Collateralized mortgage obligations 65,525 — 65,525 —
Asset-backed securities 512,009 — 512,009 —
Common stocks — — — —
Preferred securities 1,837,772 $1,837,772 — —
Short-term investments 3,495,544 3,495,544 — —
Total investments in securities $209,278,989 $5,333,316 $203,945,673 —
Derivatives:        
Assets        
Forward foreign currency contracts $1,145 — $1,145 —
Swap contracts 3,525 — 3,525 —
Level 3 includes securities valued at $0. Refer to Fund’s investments.
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 349,565 $11,563,469 $46,947,847 $(55,012,950) $(2,212) $(610) $189,060 — $3,495,544
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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