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Quarterly portfolio holdings
John Hancock
Diversified Income Fund(formerly John Hancock Hedged Equity & Income Fund)
Closed-end international equity
September 30, 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 9-30-25 (unaudited)
        Shares Value
Common stocks 59.1%         $86,589,863
(Cost $83,776,312)          
Communication services 3.8%     5,627,030
Diversified telecommunication services 1.7%      
AT&T, Inc.     5,768 162,888
China Tower Corp., Ltd., H Shares (A)     437,110 644,360
Telenor ASA     8,128 134,872
Telstra Group, Ltd.     198,471 632,749
Verizon Communications, Inc.     22,115 971,954
Media 0.5%      
Comcast Corp., Class A     5,076 159,488
Omnicom Group, Inc.     4,073 332,072
The Interpublic Group of Companies, Inc.     11,173 311,838
Wireless telecommunication services 1.6%      
America Movil SAB de CV, Series B     626,985 658,020
Axiata Group BHD     1,052,483 670,666
Tele2 AB, B Shares     37,109 633,027
Vodacom Group, Ltd.     40,778 315,096
Consumer discretionary 2.9%     4,211,704
Automobiles 0.7%      
Ford Motor Company     7,818 93,503
Honda Motor Company, Ltd.     29,855 308,083
Mercedes-Benz Group AG     2,087 131,544
Toyota Motor Corp.     26,011 499,579
Broadline retail 0.6%      
Canadian Tire Corp., Ltd., Class A     5,520 657,109
JD.com, Inc., Class A     8,166 143,072
Distributors 0.2%      
Genuine Parts Company     2,391 331,393
Hotels, restaurants and leisure 0.6%      
Evolution AB (A)     724 59,603
McDonald’s Corp.     1,235 375,304
OPAP SA     20,143 469,765
Household durables 0.5%      
Garmin, Ltd.     539 132,713
Sekisui House, Ltd.     23,882 543,138
Leisure products 0.1%      
Sankyo Company, Ltd.     6,152 106,883
Specialty retail 0.2%      
Pop Mart International Group, Ltd. (A)     2,786 95,426
The Home Depot, Inc.     653 264,589
Consumer staples 4.1%     6,081,483
Beverages 0.6%      
PepsiCo, Inc.     2,966 416,545
The Coca-Cola Company     6,875 455,950
Consumer staples distribution and retail 0.4%      
Tesco PLC     112,253 672,809
Food products 1.2%      
Conagra Brands, Inc.     16,100 294,791
General Mills, Inc.     6,662 335,898
Nestle SA     1,633 149,967
The Campbell’s Company     11,436 361,149
The J.M. Smucker Company     575 62,445
2 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
        Shares Value
Consumer staples (continued)      
Food products (continued)      
The Kraft Heinz Company     20,029 $521,555
Household products 0.4%      
Kimberly-Clark Corp.     487 60,554
The Procter & Gamble Company     3,124 480,003
Personal care products 0.1%      
Unilever PLC     2,748 162,430
Tobacco 1.4%      
Altria Group, Inc.     12,750 842,265
British American Tobacco PLC     4,162 221,365
Philip Morris International, Inc.     6,435 1,043,757
Energy 3.2%     4,652,480
Energy equipment and services 0.2%      
Baker Hughes Company     6,895 335,924
Oil, gas and consumable fuels 3.0%      
Chevron Corp.     7,329 1,138,120
Eni SpA     10,139 177,393
EOG Resources, Inc.     549 61,554
Exxon Mobil Corp.     11,698 1,318,950
ONEOK, Inc.     9,978 728,095
ORLEN SA     11,477 273,461
Phillips 66     1,308 177,914
The Williams Companies, Inc.     1,135 71,902
TotalEnergies SE     6,061 369,167
Financials 15.4%     22,548,276
Banks 5.8%      
ANZ Group Holdings, Ltd.     3,366 73,912
Banco Bilbao Vizcaya Argentaria SA     21,734 418,806
Banco Santander SA     64,704 679,024
Bank Polska Kasa Opieki SA     2,816 135,712
BPER Banca SpA     12,982 144,388
CaixaBank SA     22,022 232,595
JPMorgan Chase & Co.     5,366 1,692,592
KeyCorp     49,828 931,285
Mizuho Financial Group, Inc.     7,302 245,463
Powszechna Kasa Oszczednosci Bank Polski SA     15,768 306,383
Regions Financial Corp.     25,925 683,642
Sberbank of Russia PJSC, ADR (B)(C)     3,353 0
Standard Bank Group, Ltd.     7,320 100,145
Sumitomo Mitsui Trust Group, Inc.     22,964 666,507
Truist Financial Corp.     10,434 477,042
U.S. Bancorp     14,365 694,260
UniCredit SpA     2,570 195,564
VTB Bank PJSC, GDR (B)(C)     55,420 0
Wells Fargo & Company     893 74,851
Westpac Banking Corp.     26,076 671,844
Capital markets 3.4%      
Ares Management Corp., Class A     2,500 399,725
BlackRock, Inc.     449 523,476
China Galaxy Securities Company, Ltd., H Shares     41,489 62,876
CME Group, Inc.     2,218 599,281
Daiwa Securities Group, Inc.     83,975 682,387
Franklin Resources, Inc.     25,199 582,853
Hong Kong Exchanges & Clearing, Ltd.     11,951 678,465
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 3
        Shares Value
Financials (continued)      
Capital markets (continued)      
Nomura Holdings, Inc.     91,400 $669,840
T. Rowe Price Group, Inc.     6,548 672,087
The Blackstone Group, Inc.     827 141,293
Financial services 0.3%      
Apollo Global Management, Inc.     480 63,970
FirstRand, Ltd.     99,317 446,548
Insurance 5.6%      
Admiral Group PLC     6,303 284,474
Allianz SE     2,203 926,861
AXA SA     15,918 763,348
Dai-ichi Life Holdings, Inc.     78,500 617,494
Generali     7,467 293,453
Gjensidige Forsikring ASA     6,860 201,593
Legal & General Group PLC     97,639 313,608
Medibank Private, Ltd.     195,645 623,285
MS&AD Insurance Group Holdings, Inc.     10,796 244,485
Muenchener Rueckversicherungs-Gesellschaft AG     607 387,554
New China Life Insurance Company, Ltd., H Shares     12,804 75,833
OUTsurance Group, Ltd.     158,578 658,439
Phoenix Group Holdings PLC     30,413 263,895
PICC Property & Casualty Company, Ltd., H Shares     286,779 646,931
Prudential Financial, Inc.     4,113 426,683
Sanlam, Ltd.     70,922 343,289
Swiss Life Holding AG     58 62,617
Swiss Re AG     1,255 233,087
Tokio Marine Holdings, Inc.     10,106 427,718
Zurich Insurance Group AG     613 438,162
Mortgage real estate investment trusts 0.3%      
Annaly Capital Management, Inc.     18,241 368,651
Health care 4.9%     7,149,992
Biotechnology 0.9%      
AbbVie, Inc.     3,786 876,610
Amgen, Inc.     549 154,928
Gilead Sciences, Inc.     2,393 265,623
Health care equipment and supplies 0.5%      
Medtronic PLC     1,121 106,764
Shandong Weigao Group Medical Polymer Company, Ltd., H Shares     879,902 657,686
Health care providers and services 0.3%      
CVS Health Corp.     5,418 408,463
Life sciences tools and services 0.1%      
WuXi AppTec Company, Ltd., H Shares (A)     5,009 76,638
Pharmaceuticals 3.1%      
Bristol-Myers Squibb Company     10,670 481,217
Johnson & Johnson     5,145 953,986
Merck & Company, Inc.     8,399 704,928
Novo Nordisk A/S, Class B     3,364 187,313
Orion OYJ, Class B     8,345 640,675
Pfizer, Inc.     36,164 921,459
Roche Holding AG     1,793 597,039
Sanofi SA     1,232 116,663
Industrials 5.7%     8,291,420
Aerospace and defense 0.7%      
Lockheed Martin Corp.     373 186,205
4 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
        Shares Value
Industrials (continued)      
Aerospace and defense (continued)      
RTX Corp.     1,129 $188,916
TransDigm Group, Inc.     472 622,105
Air freight and logistics 0.2%      
United Parcel Service, Inc., Class B     3,210 268,131
Commercial services and supplies 0.5%      
Brambles, Ltd.     41,416 679,539
Construction and engineering 0.7%      
Bouygues SA     13,715 618,597
Vinci SA     2,562 356,046
Electrical equipment 0.0%      
Emerson Electric Company     617 80,938
Industrial conglomerates 0.7%      
Siemens AG     1,642 443,304
Smiths Group PLC     20,720 656,930
Machinery 2.0%      
Komatsu, Ltd.     19,400 675,842
Kone OYJ, B Shares     7,988 544,855
PACCAR, Inc.     7,558 743,103
Stanley Black & Decker, Inc.     2,149 159,735
Volvo AB, B Shares     5,157 148,303
Wartsila OYJ ABP     23,281 698,306
Professional services 0.2%      
Paychex, Inc.     2,179 276,210
Trading companies and distributors 0.6%      
BOC Aviation, Ltd. (A)     69,551 621,413
Sumitomo Corp.     8,094 234,184
Transportation infrastructure 0.1%      
Atlas Arteria, Ltd.     27,332 88,758
Information technology 9.4%     13,743,057
Communications equipment 0.9%      
Accton Technology Corp.     3,565 123,282
BYD Electronic International Company, Ltd.     16,886 89,515
Cisco Systems, Inc.     16,948 1,159,582
Electronic equipment, instruments and components 1.6%      
AAC Technologies Holdings, Inc.     12,286 72,147
Amano Corp.     13,464 381,588
Corning, Inc.     1,474 120,912
Delta Electronics, Inc.     10,395 292,828
E Ink Holdings, Inc.     11,163 88,689
Elite Material Company, Ltd.     4,512 182,606
Kyocera Corp.     7,520 101,021
Murata Manufacturing Company, Ltd.     5,708 108,361
Shimadzu Corp.     2,686 67,734
Sunny Optical Technology Group Company, Ltd.     13,886 161,066
TDK Corp.     8,064 116,773
TE Connectivity PLC     2,778 609,854
IT services 1.5%      
Accenture PLC, Class A     853 210,350
Capgemini SE     440 64,186
IBM Corp.     4,409 1,244,043
Infosys, Ltd.     10,731 174,631
Obic Company, Ltd.     2,165 75,458
Otsuka Corp.     14,763 308,166
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 5
        Shares Value
Information technology (continued)      
IT services (continued)      
SCSK Corp.     5,287 $158,257
Semiconductors and semiconductor equipment 2.1%      
Analog Devices, Inc.     816 200,491
Broadcom, Inc.     543 179,141
Marvell Technology, Inc.     912 76,672
Microchip Technology, Inc.     2,340 150,275
NVIDIA Corp.     2,333 435,291
Qualcomm, Inc.     5,660 941,598
Texas Instruments, Inc.     4,541 834,318
Tokyo Electron, Ltd.     1,130 200,312
Software 1.2%      
Gen Digital, Inc.     9,551 271,153
Microsoft Corp.     1,280 662,976
Oracle Corp.     941 264,647
SAP SE     456 122,102
The Sage Group PLC     26,839 398,143
Trend Micro, Inc.     1,193 65,296
Technology hardware, storage and peripherals 2.1%      
Apple, Inc.     1,520 387,038
Asia Vital Components Company, Ltd.     6,038 196,396
Canon, Inc.     14,146 412,824
FUJIFILM Holdings Corp.     3,934 97,832
Gigabyte Technology Company, Ltd.     8,640 85,246
HP, Inc.     26,117 711,166
King Slide Works Company, Ltd.     1,270 137,938
Lenovo Group, Ltd.     56,220 83,306
Quanta Computer, Inc.     14,052 134,606
Seagate Technology Holdings PLC     2,929 691,420
Wiwynn Corp.     838 91,821
Materials 3.3%     4,919,147
Chemicals 0.7%      
BASF SE     1,961 97,980
Dow, Inc.     19,719 452,157
Evonik Industries AG     5,585 97,118
LyondellBasell Industries NV, Class A     9,105 446,509
Containers and packaging 0.2%      
International Paper Company     2,150 99,760
Smurfit WestRock PLC     3,809 160,972
Metals and mining 2.3%      
AngloGold Ashanti PLC (Johannesburg Stock Exchange)     1,439 100,477
BHP Group, Ltd.     3,116 87,046
China Hongqiao Group, Ltd.     22,253 75,367
CMOC Group, Ltd., H Shares     66,581 134,212
Gold Fields, Ltd.     2,197 92,000
Grupo Mexico SAB de CV, Series B     57,971 504,451
Nanjing Iron & Steel Company, Ltd., Class A     981,300 724,826
Norsk Hydro ASA     28,501 193,782
Northern Star Resources, Ltd.     8,338 130,200
Rio Tinto PLC     9,292 612,365
Rio Tinto, Ltd.     2,741 221,097
Shandong Gold Mining Company, Ltd., H Shares (A)     19,033 89,996
Zhaojin Mining Industry Company, Ltd., H Shares     34,121 136,481
Zijin Mining Group Company, Ltd., H Shares     60,533 253,090
6 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
        Shares Value
Materials (continued)      
Paper and forest products 0.1%      
UPM-Kymmene OYJ     7,641 $209,261
Real estate 3.1%     4,520,850
Diversified REITs 0.4%      
Stockland     76,590 309,746
WP Carey, Inc.     4,099 276,969
Health care REITs 0.4%      
Alexandria Real Estate Equities, Inc.     4,349 362,446
Healthpeak Properties, Inc.     14,758 282,616
Office REITs 0.3%      
BXP, Inc.     6,136 456,150
Real estate management and development 1.2%      
China Resources Land, Ltd.     16,047 62,543
China Resources Mixc Lifestyle Services, Ltd. (A)     136,163 722,308
KE Holdings, Inc., Class A     27,338 178,198
Longfor Group Holdings, Ltd. (A)     63,582 96,859
Sun Hung Kai Properties, Ltd.     56,068 670,660
Retail REITs 0.2%      
Simon Property Group, Inc.     1,490 279,628
Specialized REITs 0.6%      
Digital Realty Trust, Inc.     634 109,606
Extra Space Storage, Inc.     535 75,403
Gaming and Leisure Properties, Inc.     13,682 637,718
Utilities 3.3%     4,844,424
Electric utilities 1.8%      
Duke Energy Corp.     2,619 324,101
Edison International     4,140 228,859
Emera, Inc.     13,829 663,478
Eversource Energy     2,527 179,771
Iberdrola SA     37,954 718,444
NextEra Energy, Inc.     853 64,393
Terna - Rete Elettrica Nazionale     41,378 419,924
Gas utilities 0.3%      
APA Group     47,907 281,245
Snam SpA     22,505 135,125
Multi-utilities 1.2%      
Centrica PLC     294,174 660,593
Dominion Energy, Inc.     1,761 107,720
National Grid PLC     17,526 251,825
Veolia Environnement SA     3,133 106,842
YTL Corp. BHD     1,060,548 702,104
Preferred securities 0.9%         $1,229,173
(Cost $1,026,006)          
Consumer discretionary 0.4%     490,964
Automobiles 0.4%      
Bayerische Motoren Werke AG   1,327 123,606
Hyundai Motor Company   1,936 225,104
Hyundai Motor Company, 2nd Preferred Shares   1,198 142,254
Information technology 0.5%     738,209
Technology hardware, storage and peripherals 0.5%      
Samsung Electronics Company, Ltd.   15,554 738,209
    
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 7
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 0.2%     $319,922
(Cost $316,372)          
U.S. Government 0.2%       319,922
U.S. Treasury
Note 		2.750 07-31-27   325,000 319,922
Foreign government obligations 0.7%       $1,024,921
(Cost $972,178)          
Angola 0.1%         194,637
Republic of Angola
Bond 		8.000 11-26-29   200,000 194,637
Argentina 0.1%         60,925
Republic of Argentina          
Bond (4.125% to 7-9-27, then 4.750% to 7-9-28, then 5.000% thereafter) 4.125 07-09-35   20,000 10,390
Bond 5.000 01-09-38   90,000 50,535
Brazil 0.1%         204,300
Federative Republic of Brazil
Note 		6.125 03-15-34   200,000 204,300
Mexico 0.1%         154,843
Government of Mexico
Bond 		4.500 03-19-34 EUR 130,000 154,843
Romania 0.2%         207,908
Republic of Romania
Bond (A) 		5.875 07-11-32 EUR 173,000 207,908
South Africa 0.1%         202,308
Republic of South Africa
Bond 		5.875 04-20-32   200,000 202,308
Corporate bonds 17.5%     $25,682,536
(Cost $24,458,878)          
Communication services 2.6%     3,782,714
Diversified telecommunication services 0.8%      
Eircom Finance DAC 5.000 04-30-31 EUR 100,000 120,219
Eolo SpA 4.875 10-21-28 EUR 100,000 110,015
Fibercop SpA 6.375 11-15-33   200,000 198,496
Iliad Holding SASU 5.375 04-15-30 EUR 100,000 119,933
Iliad Holding SASU 6.875 04-15-31 EUR 100,000 124,711
Kaixo Bondco Telecom SA 5.125 09-30-29 EUR 200,000 237,696
Level 3 Financing, Inc. (A) 3.750 07-15-29   65,000 55,408
Level 3 Financing, Inc. (A) 3.875 10-15-30   110,000 96,040
Telecom Italia Capital SA 7.200 07-18-36   60,000 64,756
Entertainment 0.2%      
Cinemark USA, Inc. (A) 5.250 07-15-28   40,000 39,779
Cinemark USA, Inc. (A) 7.000 08-01-32   50,000 51,968
Univision Communications, Inc. (A) 8.500 07-31-31   100,000 103,264
Univision Communications, Inc. (A) 9.375 08-01-32   45,000 47,955
WarnerMedia Holdings, Inc. 5.050 03-15-42   100,000 79,832
WarnerMedia Holdings, Inc. 5.141 03-15-52   14,000 10,430
Media 0.9%      
CCO Holdings LLC (A) 4.500 08-15-30   65,000 61,387
CCO Holdings LLC (A) 4.750 02-01-32   395,000 365,281
CCO Holdings LLC (A) 5.000 02-01-28   50,000 49,519
Clear Channel Outdoor Holdings, Inc. (A) 7.125 02-15-31   25,000 25,841
Clear Channel Outdoor Holdings, Inc. (A) 7.500 06-01-29   25,000 24,280
Clear Channel Outdoor Holdings, Inc. (A) 7.500 03-15-33   25,000 26,139
Clear Channel Outdoor Holdings, Inc. (A) 7.875 04-01-30   150,000 157,504
8 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Communication services (continued)      
Media (continued)      
CSC Holdings LLC (A) 11.750 01-31-29   200,000 $168,189
Directv Financing LLC (A) 10.000 02-15-31   69,000 68,899
Scripps Escrow II, Inc. (A) 3.875 01-15-29   65,000 57,264
United Group BV 6.750 02-15-31 EUR 150,000 180,220
VZ Vendor Financing II BV 2.875 01-15-29 EUR 100,000 110,654
Wireless telecommunication services 0.7%      
Altice France SA 4.125 01-15-29 EUR 200,000 202,523
Matterhorn Telecom SA 4.500 01-30-30 EUR 125,000 150,653
Odido Group Holding BV 5.500 01-15-30 EUR 100,000 118,270
Odido Holding BV 3.750 01-15-29 EUR 150,000 174,529
Sunrise FinCo I BV (A) 4.875 07-15-31   400,000 381,060
Consumer discretionary 2.2%     3,157,209
Automobile components 0.5%      
Adient Global Holdings, Ltd. (A) 7.500 02-15-33   20,000 20,709
Forvia SE 5.125 06-15-29 EUR 150,000 181,843
Forvia SE (A) 8.000 06-15-30   200,000 211,617
ZF Europe Finance BV 7.000 06-12-30 EUR 100,000 121,828
ZF North America Capital, Inc. (A) 7.500 03-24-31   150,000 148,979
Broadline retail 0.2%      
B&M European Value Retail SA 6.500 11-27-31 GBP 175,000 238,488
Diversified consumer services 0.3%      
AA Bond Company, Ltd. 7.375 07-31-29 GBP 100,000 141,144
PeopleCert Wisdom Issuer PLC 5.750 09-15-26 EUR 100,000 117,071
Service Corp. International 3.375 08-15-30   200,000 185,313
Hotels, restaurants and leisure 0.8%      
Bertrand Franchise Finance SAS 6.500 07-18-30 EUR 125,000 143,646
Caesars Entertainment, Inc. (A) 4.625 10-15-29   100,000 95,624
Cirsa Finance International Sarl 6.500 03-15-29 EUR 100,000 122,153
CPUK Finance, Ltd. 7.875 08-28-29 GBP 100,000 140,649
Essendi SA 5.500 11-15-31 EUR 100,000 120,859
NCL Corp., Ltd. (A) 6.250 03-01-30   50,000 50,636
New Red Finance, Inc. (A) 3.875 01-15-28   25,000 24,401
New Red Finance, Inc. (A) 4.000 10-15-30   50,000 47,121
New Red Finance, Inc. (A) 4.375 01-15-28   100,000 98,258
Punch Finance PLC (A) 7.875 12-30-30 GBP 115,000 157,682
Viking Cruises, Ltd. (A) 9.125 07-15-31   75,000 80,499
Yum! Brands, Inc. (A) 4.750 01-15-30   50,000 49,690
Household durables 0.2%      
Ashton Woods USA LLC (A) 4.625 08-01-29   125,000 119,697
M/I Homes, Inc. 3.950 02-15-30   105,000 100,279
M/I Homes, Inc. 4.950 02-01-28   25,000 24,823
Taylor Morrison Communities, Inc. (A) 5.750 01-15-28   50,000 50,698
Specialty retail 0.2%      
Asbury Automotive Group, Inc. (A) 4.625 11-15-29   100,000 97,048
Asbury Automotive Group, Inc. (A) 5.000 02-15-32   100,000 96,023
Specialty Building Products Holdings LLC (A) 7.750 10-15-29   75,000 76,185
Velocity Vehicle Group LLC (A) 8.000 06-01-29   94,000 94,246
Consumer staples 0.6%     841,428
Consumer staples distribution and retail 0.3%      
Bellis Acquisition Company PLC 8.000 07-01-31 EUR 100,000 119,126
Lion/Polaris Lux 4 SA (3 month EURIBOR + 3.625%) (D) 5.641 07-01-29 EUR 100,000 118,699
New Immo Holding SA 3.250 07-23-27 EUR 100,000 115,688
Performance Food Group, Inc. (A) 4.250 08-01-29   100,000 97,139
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 9
  Rate (%) Maturity date   Par value^ Value
Consumer staples (continued)      
Food products 0.3%      
B&G Foods, Inc. (A) 8.000 09-15-28   15,000 $14,534
Barry Callebaut Services NV 4.250 08-19-31 EUR 200,000 239,952
Darling Global Finance BV (A) 4.500 07-15-32 EUR 115,000 136,290
Energy 1.8%     2,641,226
Energy equipment and services 0.4%      
Diamond Foreign Asset Company (A) 8.500 10-01-30   125,000 132,461
Enerflex, Ltd. (A) 9.000 10-15-27   60,000 61,091
Noble Finance II LLC (A) 8.000 04-15-30   100,000 103,506
Transocean International, Ltd. (A) 8.750 02-15-30   225,000 236,738
USA Compression Partners LP (A) 6.250 10-01-33   75,000 75,287
Oil, gas and consumable fuels 1.4%      
Buckeye Partners LP 5.850 11-15-43   115,000 107,256
Buckeye Partners LP (A) 6.750 02-01-30   25,000 25,966
Buckeye Partners LP (A) 6.875 07-01-29   100,000 103,637
DT Midstream, Inc. (A) 4.375 06-15-31   150,000 144,965
Ecopetrol SA 7.750 02-01-32   125,000 129,352
Ecopetrol SA 8.375 01-19-36   50,000 51,639
Matador Resources Company (A) 6.500 04-15-32   100,000 100,957
NFE Financing LLC (A) 12.000 11-15-29   35,000 10,293
Permian Resources Operating LLC (A) 6.250 02-01-33   25,000 25,466
Permian Resources Operating LLC (A) 7.000 01-15-32   75,000 77,785
Petroleos Mexicanos 4.750 02-26-29 EUR 100,000 117,904
Petroleos Mexicanos 5.500 06-27-44   150,000 115,335
Petroleos Mexicanos 6.625 06-15-35   135,000 128,730
Petroleos Mexicanos 6.750 09-21-47   125,000 103,163
Petroleos Mexicanos 6.840 01-23-30   60,000 61,029
Petroleos Mexicanos 7.690 01-23-50   50,000 45,461
Rockies Express Pipeline LLC (A) 6.750 03-15-33   120,000 125,258
SM Energy Company (A) 7.000 08-01-32   115,000 115,089
Sunoco LP 4.500 04-30-30   50,000 48,142
Sunoco LP (A) 5.625 03-15-31   75,000 74,447
Sunoco LP (A) 5.875 03-15-34   40,000 39,654
Sunoco LP (A) 6.250 07-01-33   75,000 76,338
Talos Production, Inc. (A) 9.000 02-01-29   25,000 25,851
Talos Production, Inc. (A) 9.375 02-01-31   100,000 104,153
Vital Energy, Inc. (A) 7.750 07-31-29   75,000 74,273
Financials 1.8%     2,654,758
Banks 0.3%      
Banca Monte dei Paschi di Siena SpA 7.708 01-18-28 EUR 100,000 128,542
Banco de Credito Social Cooperativo SA (5.250% to 11-27-26, then 5 Year Euro Swap Rate + 5.419%) 5.250 11-27-31 EUR 100,000 119,067
NatWest Group PLC (2.105% to 11-28-26, then 5 Year United Kingdom Gilt Rate + 1.750%) 2.105 11-28-31 GBP 100,000 130,999
Capital markets 0.1%      
Hightower Holding LLC (A) 9.125 01-31-30   150,000 159,094
Consumer finance 0.2%      
Boost Newco Borrower LLC 8.500 01-15-31 GBP 100,000 144,679
Credit Acceptance Corp. (A) 6.625 03-15-30   50,000 50,083
Credit Acceptance Corp. (A) 9.250 12-15-28   100,000 105,063
OneMain Finance Corp. 5.375 11-15-29   75,000 74,150
Financial services 0.8%      
Block, Inc. (A) 6.000 08-15-33   140,000 143,366
Freedom Mortgage Corp. (A) 12.000 10-01-28   65,000 68,900
Freedom Mortgage Holdings LLC (A) 8.375 04-01-32   65,000 68,130
10 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Financials (continued)      
Financial services (continued)      
Freedom Mortgage Holdings LLC (A) 9.250 02-01-29   65,000 $68,391
Nationstar Mortgage Holdings, Inc. (A) 6.500 08-01-29   99,000 101,563
PennyMac Financial Services, Inc. (A) 4.250 02-15-29   75,000 72,588
PennyMac Financial Services, Inc. (A) 5.750 09-15-31   70,000 69,393
PennyMac Financial Services, Inc. (A) 6.875 05-15-32   10,000 10,362
PennyMac Financial Services, Inc. (A) 6.875 02-15-33   70,000 72,317
PennyMac Financial Services, Inc. (A) 7.125 11-15-30   25,000 26,032
Planet Financial Group LLC (A) 10.500 12-15-29   90,000 94,629
Rocket Companies, Inc. (A) 6.125 08-01-30   80,000 82,106
Rocket Companies, Inc. (A) 6.375 08-01-33   55,000 56,766
United Wholesale Mortgage LLC (A) 5.500 04-15-29   190,000 187,388
Insurance 0.4%      
Acrisure LLC (A) 4.250 02-15-29   200,000 192,686
Acrisure LLC (A) 6.750 07-01-32   55,000 56,633
Admiral Group PLC 8.500 01-06-34 GBP 100,000 154,017
Alliant Holdings Intermediate LLC (A) 4.250 10-15-27   84,000 82,605
Alliant Holdings Intermediate LLC (A) 7.000 01-15-31   30,000 30,997
HUB International, Ltd. (A) 7.250 06-15-30   50,000 52,145
HUB International, Ltd. (A) 7.375 01-31-32   50,000 52,067
Health care 1.6%     2,375,210
Biotechnology 0.3%      
Grifols SA 3.875 10-15-28 EUR 100,000 114,704
Grifols SA 7.125 05-01-30 EUR 250,000 309,169
Star Parent, Inc. (A) 9.000 10-01-30   75,000 79,289
Health care equipment and supplies 0.1%      
Medline Borrower LP (A) 3.875 04-01-29   175,000 168,778
Health care providers and services 0.4%      
AthenaHealth Group, Inc. (A) 6.500 02-15-30   156,000 154,724
Community Health Systems, Inc. (A) 5.250 05-15-30   85,000 76,895
Community Health Systems, Inc. (A) 6.875 04-15-29   50,000 39,750
Community Health Systems, Inc. (A) 9.750 01-15-34   35,000 35,858
Community Health Systems, Inc. (A) 10.875 01-15-32   38,000 40,246
Tenet Healthcare Corp. 4.625 06-15-28   150,000 148,628
Tenet Healthcare Corp. 6.125 06-15-30   50,000 50,638
Life sciences tools and services 0.3%      
Avantor Funding, Inc. (A) 3.875 11-01-29   150,000 142,645
Avantor Funding, Inc. (A) 4.625 07-15-28   100,000 98,366
IQVIA, Inc. (A) 6.250 06-01-32   165,000 169,643
Pharmaceuticals 0.5%      
Bausch Health Companies, Inc. (A) 4.875 06-01-28   100,000 89,500
Bausch Health Companies, Inc. (A) 11.000 09-30-28   50,000 52,001
Rossini Sarl 6.750 12-31-29 EUR 100,000 123,861
Teva Pharmaceutical Finance Netherlands II BV 4.375 05-09-30 EUR 400,000 480,515
Industrials 2.2%     3,257,777
Aerospace and defense 0.2%      
Spirit AeroSystems, Inc. (A) 9.375 11-30-29   50,000 52,661
TransDigm, Inc. 4.875 05-01-29   85,000 83,744
TransDigm, Inc. (A) 6.250 01-31-34   15,000 15,426
TransDigm, Inc. (A) 6.750 01-31-34   55,000 56,868
TransDigm, Inc. (A) 7.125 12-01-31   50,000 52,154
Building products 0.2%      
Builders FirstSource, Inc. (A) 4.250 02-01-32   95,000 89,342
Builders FirstSource, Inc. (A) 5.000 03-01-30   95,000 94,034
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 11
  Rate (%) Maturity date   Par value^ Value
Industrials (continued)      
Building products (continued)      
CP Atlas Buyer, Inc. (A) 9.750 07-15-30   75,000 $78,548
CP Atlas Buyer, Inc. (7.000% Cash and 5.750% PIK) (A) 12.750 01-15-31   60,000 59,926
LBM Acquisition LLC (A) 6.250 01-15-29   60,000 55,537
Commercial services and supplies 1.1%      
Allied Universal Holdco LLC 4.875 06-01-28 GBP 200,000 262,987
Allied Universal Holdco LLC (A) 7.875 02-15-31   50,000 52,425
Arena Luxembourg Finance Sarl 1.875 02-01-28 EUR 100,000 113,913
Arena Luxembourg Finance Sarl (3 month EURIBOR + 2.500%) (A)(D) 4.517 05-01-30 EUR 140,000 165,394
Belron UK Finance PLC (A) 5.750 10-15-29   200,000 202,607
Boels Topholding BV 5.750 05-15-30 EUR 200,000 243,517
Garda World Security Corp. (A) 8.250 08-01-32   65,000 67,379
Garda World Security Corp. (A) 8.375 11-15-32   100,000 103,803
Q-Park Holding I BV 5.125 02-15-30 EUR 100,000 121,330
Reworld Holding Corp. (A) 4.875 12-01-29   50,000 47,023
Verisure Holding AB 5.500 05-15-30 EUR 150,000 182,801
Electrical equipment 0.1%      
EMRLD Borrower LP 6.375 12-15-30 EUR 100,000 122,657
Ground transportation 0.1%      
Rumo Luxembourg Sarl 4.200 01-18-32   200,000 185,600
Machinery 0.1%      
IMA Industria Macchine Automatiche SpA 3.750 01-15-28 EUR 100,000 116,945
Professional services 0.1%      
Amentum Holdings, Inc. (A) 7.250 08-01-32   130,000 134,988
Trading companies and distributors 0.1%      
United Rentals North America, Inc. 5.250 01-15-30   75,000 75,372
United Rentals North America, Inc. (A) 6.125 03-15-34   50,000 51,991
Transportation infrastructure 0.2%      
Heathrow Finance PLC 3.875 03-01-27 GBP 100,000 131,510
Heathrow Finance PLC 6.625 03-01-31 GBP 100,000 135,169
Imola Merger Corp. (A) 4.750 05-15-29   105,000 102,126
Information technology 0.9%     1,355,864
Communications equipment 0.2%      
EchoStar Corp. (0.000% Cash and 6.750% PIK) 6.750 11-30-30   147,784 152,358
EchoStar Corp. 10.750 11-30-29   140,000 154,024
Electronic equipment, instruments and components 0.1%      
Insight Enterprises, Inc. (A) 6.625 05-15-32   100,000 102,530
IT services 0.1%      
Fortress Intermediate 3, Inc. (A) 7.500 06-01-31   145,000 151,821
Software 0.5%      
Gen Digital, Inc. (A) 6.750 09-30-27   75,000 76,149
McAfee Corp. (A) 7.375 02-15-30   320,000 296,829
Rocket Software, Inc. (A) 6.500 02-15-29   150,000 146,076
TeamSystem SpA (3 month EURIBOR + 3.500%) (D) 5.526 07-31-31 EUR 125,000 147,098
UKG, Inc. (A) 6.875 02-01-31   125,000 128,979
Materials 1.8%     2,682,117
Chemicals 0.9%      
Avient Corp. (A) 6.250 11-01-31   65,000 66,009
Mativ Holdings, Inc. (A) 8.000 10-01-29   75,000 74,254
NOVA Chemicals Corp. (A) 8.500 11-15-28   50,000 52,325
OCP SA 6.750 05-02-34   200,000 217,416
Olympus Water US Holding Corp. (A) 6.125 02-15-33 EUR 190,000 223,601
Olympus Water US Holding Corp. 9.625 11-15-28 EUR 200,000 246,273
12 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Materials (continued)      
Chemicals (continued)      
Qnity Electronics, Inc. (A) 5.750 08-15-32   25,000 $25,191
SNF Group SACA (A) 4.500 03-15-32 EUR 100,000 120,408
Tronox, Inc. (A) 9.125 09-30-30   111,000 108,749
Windsor Holdings III LLC (A) 8.500 06-15-30   135,000 142,710
Containers and packaging 0.7%      
Ardagh Metal Packaging Finance USA LLC 3.000 09-01-29 EUR 100,000 108,168
Ardagh Packaging Finance PLC 2.125 08-15-26 EUR 100,000 114,488
Clydesdale Acquisition Holdings, Inc. (A) 6.625 04-15-29   25,000 25,285
Clydesdale Acquisition Holdings, Inc. (A) 6.875 01-15-30   40,000 41,032
Crown European Holdings SACA 4.500 01-15-30 EUR 150,000 183,036
LABL, Inc. (A) 8.625 10-01-31   105,000 77,137
Mauser Packaging Solutions Holding Company (A) 7.875 04-15-27   75,000 75,735
Mauser Packaging Solutions Holding Company (A) 9.250 04-15-27   25,000 25,057
Owens-Brockway Glass Container, Inc. (A) 7.375 06-01-32   135,000 136,307
Trivium Packaging Finance BV (A) 6.625 07-15-30 EUR 100,000 123,390
Trivium Packaging Finance BV 6.625 07-15-30 EUR 100,000 123,390
Metals and mining 0.2%      
Constellium SE 5.375 08-15-32 EUR 100,000 121,062
Fortescue Treasury Pty, Ltd. (A) 5.875 04-15-30   245,000 251,094
Real estate 1.5%     2,250,210
Health care REITs 0.0%      
MPT Operating Partnership LP (A) 8.500 02-15-32   75,000 79,692
Hotel and resort REITs 0.2%      
Pebblebrook Hotel LP (A) 6.375 10-15-29   120,000 121,789
Service Properties Trust 4.375 02-15-30   100,000 84,998
Service Properties Trust 4.950 10-01-29   50,000 44,067
Office REITs 0.7%      
Alstria Office AG 5.500 03-20-31 EUR 200,000 244,032
Brandywine Operating Partnership LP 4.550 10-01-29   125,000 119,433
Brandywine Operating Partnership LP 6.125 01-15-31   70,000 69,843
Brandywine Operating Partnership LP 8.300 03-15-28   50,000 53,011
Brandywine Operating Partnership LP 8.875 04-12-29   75,000 81,402
Hudson Pacific Properties LP 3.250 01-15-30   25,000 21,469
Hudson Pacific Properties LP 4.650 04-01-29   220,000 204,723
Hudson Pacific Properties LP 5.950 02-15-28   50,000 49,282
Piedmont Operating Partnership LP 6.875 07-15-29   150,000 158,722
Real estate management and development 0.5%      
Canary Wharf Group Investment Holdings PLC 3.375 04-23-28 GBP 100,000 125,516
CPI Property Group SA 4.750 07-22-30 EUR 100,000 114,678
CPI Property Group SA (7.500% to 6-24-31, then 5 Year EURIBOR ICE Swap Rate + 5.232% to 6-24-36, then 5 Year EURIBOR ICE Swap Rate + 5.482% to 6-24-46, then 5 Year EURIBOR ICE Swap Rate + 6.232%) (E) 7.500 03-26-31 EUR 100,000 113,564
Heimstaden Bostad AB 1.125 01-21-26 EUR 100,000 116,862
Peach Property Finance GmbH 4.375 11-15-25 EUR 92,527 106,950
Samhallsbyggnadsbolaget I Norden Holding AB 1.125 09-26-29 EUR 100,000 89,928
Samhallsbyggnadsbolaget I Norden Holding AB 2.375 08-04-26 EUR 100,000 113,244
Specialized REITs 0.1%      
GLP Pte, Ltd. (4.500% to 5-17-26, then 5 Year CMT + 3.735% to 5-17-31, then 5 Year CMT + 3.985% to 5-17-46, then 5 Year CMT + 4.735%) (E) 4.500 05-17-26   200,000 137,005
Utilities 0.5%     684,023
Electric utilities 0.2%      
Eastern European Electric Company BV 6.500 05-15-30 EUR 100,000 122,548
Energo-Pro AS (A) 8.000 05-27-30 EUR 100,000 124,532
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 13
  Rate (%) Maturity date   Par value^ Value
Utilities (continued)      
Independent power and renewable electricity producers 0.2%      
Clearway Energy Operating LLC (A) 3.750 02-15-31   200,000 $183,599
Clearway Energy Operating LLC (A) 4.750 03-15-28   50,000 49,397
Water utilities 0.1%      
Aegea Finance Sarl (A) 6.750 05-20-29   200,000 203,947
Convertible bonds 0.3%     $376,886
(Cost $375,135)          
Consumer discretionary 0.1%     129,856
Hotels, restaurants and leisure 0.1%      
NCL Corp., Ltd. (A) 0.750 09-15-30   78,000 78,683
Household durables 0.0%      
Meritage Homes Corp. 1.750 05-15-28   50,000 51,173
Information technology 0.0%     46,134
Semiconductors and semiconductor equipment 0.0%      
ON Semiconductor Corp. 0.500 03-01-29   50,000 46,134
Real estate 0.2%     200,896
Industrial REITs 0.1%      
Rexford Industrial Realty LP (A) 4.125 03-15-29   50,000 50,350
Rexford Industrial Realty LP (A) 4.375 03-15-27   50,000 49,950
Office REITs 0.1%      
Boston Properties LP (A) 2.000 10-01-30   101,000 100,596
Term loans (F) 0.4%         $607,374
(Cost $591,348)          
Consumer discretionary 0.0% 95,428
Specialty retail 0.0%
Specialty Building Products Holdings LLC, 2021 Term Loan B (1 month CME Term SOFR + 3.750%) 8.013 10-15-28   99,229 95,428
Energy 0.1% 168,200
Oil, gas and consumable fuels 0.1%
CD&R Firefly Bidco, Ltd., 2025 GBP Term Loan (G) TBD 04-29-29 GBP 125,000 168,200
Industrials 0.2% 243,871
Building products 0.1%
LBM Acquisition LLC, 2024 Incremental Term Loan B (1 month CME Term SOFR + 3.750%) 7.986 06-06-31   99,246 96,686
Electrical equipment 0.1%
TK Elevator Midco GmbH, 2025 EUR Term Loan B1 (6 month EURIBOR + 3.250%) 5.333 04-30-30 EUR 125,000 147,185
Materials 0.1% 99,875
Chemicals 0.1%
Qnity Electronics, Inc., Term Loan B (G) TBD 08-12-32   100,000 99,875
Collateralized mortgage obligations 12.6%       $18,426,365
(Cost $18,520,444)          
Commercial and residential 7.4%     10,834,460
ARZ Trust    
Series 2024-BILT, Class F (A) 8.268 06-11-39   275,000 283,863
Barclays Mortgage Trust    
Series 2022-RPL1, Class B (4.250% to 2-25-26, then 7.250% to 2-25-27, then 8.250% thereafter) (A) 4.250 02-25-28   570,000 560,509
BX Trust    
Series 2021-ARIA, Class G (1 month CME Term SOFR + 3.257%) (A)(D) 7.407 10-15-36   665,000 661,675
Series 2025-GW, Class E (1 month CME Term SOFR + 3.650%) (A)(D) 7.800 07-15-42   230,000 230,719
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)    
Series 2014-CR19, Class D (A)(H) 4.572 08-10-47   44,840 43,719
14 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
  Rate (%) Maturity date   Par value^ Value
Commercial and residential (continued)      
Series 2015-LC19, Class D (A) 2.867 02-10-48   150,000 $134,730
Commercial Mortgage Trust (Deutsche Bank AG)    
Series 2024-CBM, Class D (A)(H) 8.190 12-10-41   540,000 549,952
CSMC Trust    
Series 2020-NQM1, Class B1 (A)(H) 4.462 05-25-65   445,000 416,314
Extended Stay America Trust    
Series 2021-ESH, Class F (1 month CME Term SOFR + 3.814%) (A)(D) 7.964 07-15-38   400,556 400,556
HTL Commercial Mortgage Trust    
Series 2024-T53, Class E (A)(H) 10.602 05-10-39   300,000 310,436
JPMBB Commercial Mortgage Securities Trust    
Series 2014-C22, Class C (H) 4.660 09-15-47   565,000 529,688
Series 2014-C23, Class D (A)(H) 4.188 09-15-47   166,320 150,514
Series 2015-C28, Class D (A)(H) 3.927 10-15-48   285,000 256,563
MAD Commercial Mortgage Trust    
Series 2025-11MD, Class D (A)(H) 6.359 10-15-42   135,000 134,926
Morgan Stanley Bank of America Merrill Lynch Trust    
Series 2013-C9, Class D (A)(H) 3.924 05-15-46   300,000 274,124
Series 2013-C9, Class E (A)(H) 3.924 05-15-46   125,000 111,840
NYC Commercial Mortgage Trust    
Series 2025-3BP, Class E (1 month CME Term SOFR + 3.540%) (A)(D) 7.690 02-15-42   310,000 309,794
Pretium Mortgage Credit Partners LLC    
Series 2024-NPL6, Class A2 (8.716% to 10-25-28, then 12.716% thereafter) (A) 8.716 10-25-54   260,000 260,238
Series 2025-NPL10, Class A2 (7.264% to 9-25-29, then 11.264% thereafter) (A) 7.264 10-25-55   225,000 225,000
Series 2025-NPL2, Class A2 (8.232% to 2-25-29, then 12.232% thereafter) (A) 8.232 03-25-55   290,000 291,033
Series 2025-NPL5, Class A2 (8.715% to 5-25-29, then 12.715% thereafter) (A) 8.715 05-25-55   405,000 408,380
Series 2025-NPL6, Class A2 (8.715% to 6-25-29, then 12.715% thereafter) (A) 8.715 06-25-55   105,000 106,015
Series 2025-NPL7, Class A2 (8.354% to 7-25-29, then 12.354% thereafter) (A) 8.354 07-25-55   125,000 125,620
Series 2025-RPL3, Class M1 (4.150% to 5-1-29, then 5.150% thereafter) (A) 4.150 04-25-65   550,000 498,760
PRPM LLC    
Series 2024-7, Class A2 (8.835% to 11-25-27, then 11.835% to 11-25-28, then 12.835% thereafter) (A) 8.835 11-25-29   500,000 500,243
Series 2024-8, Class A2 (8.836% to 12-25-27, then 11.836% to 12-25-28, then 12.836% thereafter) (A) 8.836 12-25-29   400,000 400,281
RCO X Mortgage LLC    
Series 2025-1, Class A2 (8.353% to 1-25-28, then 12.353% to 1-25-29, then 13.353% thereafter) (A) 8.353 01-25-30   400,000 403,142
RFR Trust    
Series 2025-SGRM, Class E (A)(H) 7.513 03-11-41   215,000 219,813
ROCK Trust    
Series 2024-CNTR, Class E (A) 8.819 11-13-41   500,000 523,298
TEXAS Commercial Mortgage Trust    
Series 2025-TWR, Class D (1 month CME Term SOFR + 3.091%) (A)(D) 7.241 04-15-42   255,000 254,363
WBRK Mortgage Trust    
Series 2025-WBRK, Class E (A)(H) 6.278 03-05-35   335,000 315,107
Wells Fargo Commercial Mortgage Trust    
Series 2016-C37, Class D (A)(H) 3.310 12-15-49   720,000 641,861
Worldwide Plaza Trust    
Series 2017-WWP, Class A (A) 3.526 11-10-36   300,000 201,000
X-Caliber Funding LLC    
Series 2025-VFN1, Class A (1 month CME Term SOFR + 2.829%) (A)(D) 7.109 07-01-27   100,000 100,384
U.S. Government Agency 5.2%     7,591,905
Federal Home Loan Mortgage Corp.    
Series 2020-HQA2, Class B2 (30 day Average SOFR + 7.714%) (A)(D) 12.071 03-25-50   600,000 720,015
Series 2021-DNA7, Class B2 (30 day Average SOFR + 7.800%) (A)(D) 12.156 11-25-41   520,000 551,004
Series 2021-MN3, Class B1 (30 day Average SOFR + 6.850%) (A)(D) 11.206 11-25-51   500,000 530,166
Series 2022-DNA1, Class B2 (30 day Average SOFR + 7.100%) (A)(D) 11.456 01-25-42   325,000 344,624
Series 2023-MN6, Class B1 (30 day Average SOFR + 9.250%) (A)(D) 13.606 05-25-43   500,000 577,551
Series 2024-MN8, Class M2 (30 day Average SOFR + 4.250%) (A)(D) 8.606 05-25-44   400,000 417,910
Series K759, Class X3 IO 5.435 02-25-57   1,875,891 510,378
Federal National Mortgage Association    
Series 2021-R01, Class 1B2 (30 day Average SOFR + 6.000%) (A)(D) 10.356 10-25-41   490,000 508,488
Series 2021-R02, Class 2B2 (30 day Average SOFR + 6.200%) (A)(D) 10.556 11-25-41   500,000 521,113
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 15
  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)      
Series 2022-R01, Class 1B2 (30 day Average SOFR + 6.000%) (A)(D) 10.356 12-25-41   525,000 $548,281
Series 2022-R04, Class 1B2 (30 day Average SOFR + 9.500%) (A)(D) 13.856 03-25-42   620,000 682,737
Series 2022-R05, Class 2B2 (30 day Average SOFR + 7.000%) (A)(D) 11.356 04-25-42   500,000 536,776
Series 2022-R06, Class 1B2 (30 day Average SOFR + 10.600%) (A)(D) 14.956 05-25-42   500,000 564,763
Series 2022-R07, Class 1B2 (30 day Average SOFR + 12.000%) (A)(D) 16.348 06-25-42   500,000 578,099
Asset-backed securities 5.7%         $8,403,196
(Cost $8,386,605)          
Asset-backed securities 5.7%     8,403,196
Affirm Asset Securitization Trust          
Series 2024-B, Class E (A) 7.350 09-15-29   850,000 856,007
AGL CLO 16, Ltd.          
Series 2021-16A, Class ER (3 month CME Term SOFR + 4.650%) (A)(D) 8.975 01-20-35   495,000 466,476
Avid Automobile Receivables Trust          
Series 2025-1, Class A 7.800 07-15-32   1,041,907 1,041,907
Avis Budget Rental Car Funding AESOP LLC          
Series 2023-3A, Class D (A) 7.320 02-20-28   100,000 101,555
Series 2023-4A, Class D (A) 7.310 06-20-29   130,000 133,107
Series 2023-5A, Class D (A) 7.350 04-20-28   100,000 101,866
Bain Capital Credit CLO, Ltd.          
Series 2020-2A, Class ER (3 month CME Term SOFR + 6.872%) (A)(D) 11.197 07-19-34   500,000 492,637
Carlyle Global Market Strategies CLO, Ltd.          
Series 2016-1A, Class DR3 (3 month CME Term SOFR + 6.250%) (A)(D) 10.575 04-20-34   570,000 557,901
ECAF I, Ltd.          
Series 2015-1A, Class A2 (A) 4.947 06-15-40   459,328 414,544
Exeter Select Automobile Receivables Trust          
Series 2025-2, Class E (A) 6.870 02-15-33   215,000 215,744
Hertz Vehicle Financing III LLC          
Series 2023-3A, Class D (A) 9.430 02-25-28   500,000 515,422
Magnetite XlV, Ltd.          
Series 2025-45A, Class SUB (A)(H) — 04-15-38   250,000 228,612
OCP CLO, Ltd.          
Series 2015-9A, Class ER3 (3 month CME Term SOFR + 4.700%) (A)(D) 9.018 01-15-37   250,000 248,012
Palmer Square CLO, Ltd.          
Series 2018-1A, Class DR (3 month CME Term SOFR + 6.940%) (A)(D) 11.269 04-18-37   275,000 276,343
Rad CLO 12, Ltd.          
Series 2021-12A, Class DR (3 month CME Term SOFR + 6.650%) (A)(D) 10.960 07-30-40   555,000 559,847
RCO IX Mortgage LLC          
Series 2025-2, Class A2 (9.127% to 4-25-28, then 12.127% to 4-25-29, then 13.127% thereafter) (A) 9.127 04-25-30   205,000 206,626
Santander Bank Auto Credit-Linked Notes          
Series 2024-A, Class F (A) 10.171 06-15-32   598,178 610,648
Sunnova Helios IV Issuer LLC          
Series 2020-AA, Class A (A) 2.980 06-20-47   219,314 194,845
Tricon Residential Trust          
Series 2025-SFR1, Class E (1 month CME Term SOFR + 2.500%) (A)(D) 6.650 03-17-42   140,000 140,009
VOLT CV LLC          
Series 2021-CF2, Class A2 (5.316% to 11-25-25, then 9.316% thereafter) (A) 5.316 11-27-51   524,912 522,447
VOLT CVI LLC          
Series 2021-NP12, Class A2 (5.438% to 12-25-25, then 9.438% thereafter) (A) 5.438 12-26-51   520,766 518,641
    
        Par value^ Value
Escrow certificates 0.0%         $0
(Cost $194)          
Texas Competitive Electric Holdings Company LLC (B)(C)   500,000 0
Short-term investments 0.8%         $1,200,000
(Cost $1,200,000)          
Repurchase agreement 0.8%         1,200,000
Goldman Sachs Tri-Party Repurchase Agreement dated 9-30-25 at 4.210% to be repurchased at $1,200,140 on 10-1-25, collateralized by $1,223,415 Government National Mortgage Association, 4.000% - 6.000% due 4-20-39 to 9-20-54 (valued at $1,224,000)       1,200,000 1,200,000
    
16 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
Total investments (Cost $139,623,472) 98.2%     $143,860,236
Other assets and liabilities, net 1.8%       2,589,126
Total net assets 100.0%         $146,449,362
    
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.
Currency Abbreviations
EUR Euro
GBP Pound Sterling
    
Security Abbreviations and Legend
ADR American Depositary Receipt
CME CME Group Published Rates
CMT Constant Maturity Treasury
EURIBOR Euro Interbank Offered Rate
GDR Global Depositary Receipt
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.
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
SONIA Sterling Overnight Interbank Average Rate
(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. Rule 144A securities amounted to $40,688,601 or 27.8% of the fund’s net assets as of 9-30-25.
(B) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(C) Non-income producing security.
(D) Variable rate obligation. The coupon rate shown represents the rate at period end.
(E) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(F) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(G) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined).
(H) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
The fund had the following country composition as a percentage of net assets on 9-30-25:
United States 55.6%
Japan 5.5%
United Kingdom 4.3%
China 3.6%
Australia 2.8%
France 2.6%
Cayman Islands 2.3%
Germany 1.9%
Spain 1.9%
Netherlands 1.8%
Other countries 17.7%
TOTAL 100.0%
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 17
DERIVATIVES
FUTURES
Open contracts Number of
contracts 		Position Expiration
date 		Notional
basis^ 		Notional
value^ 		Unrealized
appreciation
(depreciation)
2-Year U.S. Treasury Note Futures 12 Long Dec 2025 $2,501,012 $2,500,781 $(231)
5-Year U.S. Treasury Note Futures 11 Long Dec 2025 1,203,099 1,201,148 (1,951)
S&P 500 E-Mini Index Futures 26 Long Dec 2025 8,660,980 8,760,375 99,395
U.S. Treasury Long Bond Futures 1 Long Dec 2025 114,142 116,594 2,452
Ultra 10-Year U.S. Treasury Note Futures 1 Long Dec 2025 115,267 115,078 (189)
Euro SCHATZ Futures 8 Short Dec 2025 (1,005,520) (1,004,800) 720
Euro STOXX 50 Index Futures 23 Short Dec 2025 (1,472,448) (1,496,245) (23,797)
German Euro BOBL Futures 6 Short Dec 2025 (830,411) (829,889) 522
German Euro BUND Futures 1 Short Dec 2025 (151,217) (150,948) 269
MSCI EAFE Index Futures 8 Short Dec 2025 (1,105,627) (1,114,120) (8,493)
MSCI Emerging Markets Index Futures 38 Short Dec 2025 (2,564,269) (2,583,430) (19,161)
U.K. Long Gilt Bond Futures 3 Short Dec 2025 (365,097) (366,512) (1,415)
            $48,121
^ Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
FORWARD FOREIGN CURRENCY CONTRACTS
Contract to buy Contract to sell Counterparty (OTC) Contractual
settlement
date 		Unrealized
appreciation 		Unrealized
depreciation
CHF 1,325,000 USD 1,677,841 MSI 12/17/2025 $1,463 —
USD 4,386,089 AUD 6,625,000 DB 12/17/2025 — $(1,623)
USD 1,681,009 CHF 1,325,000 SSB 12/17/2025 1,704 —
USD 116,212 EUR 99,000 DB 10/30/2025 — (217)
USD 9,068,966 EUR 7,674,300 GSI 10/30/2025 43,602 —
USD 5,081,357 EUR 4,314,000 DB 12/17/2025 — (5,707)
USD 1,950,357 GBP 1,442,400 GSI 10/30/2025 10,174 —
USD 1,732,916 JPY 253,000,000 BNP 12/17/2025 8,978 —
            $65,921 $(7,547)
SWAPS
Credit default swaps - Buyer
Counterparty
(OTC)/
Centrally
cleared 		Reference
obligation 		Notional
amount 		Currency USD
notional
amount 		Pay
fixed
rate 		Fixed
payment
frequency 		Maturity
date 		Unamortized
upfront
payment
paid
(received) 		Unrealized
appreciation
(depreciation) 		Value
Centrally cleared HSBC Holdings PLC 250,000 EUR $294,987 1.000% Quarterly Dec 2030 $(1,725) $153 $(1,572)
Centrally cleared Stellantis NV 100,000 EUR 116,610 5.000% Quarterly Dec 2030 (17,801) (194) (17,995)
Centrally cleared Volkswagen AG 250,000 EUR 294,987 1.000% Quarterly Dec 2030 1,130 597 1,727
        $706,584       $(18,396) $556 $(17,840)
    
Derivatives Currency Abbreviations
AUD Australian Dollar
CHF Swiss Franc
EUR Euro
GBP Pound Sterling
JPY Japanese Yen
USD U.S. Dollar
    
Derivatives Abbreviations
BNP BNP Paribas
DB Deutsche Bank AG
GSI Goldman Sachs International
MSI Morgan Stanley & Co. International PLC
OTC Over-the-counter
18 JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS
SSB State Street Bank and Trust Company
SEE NOTES TO FUND’S INVESTMENTS JOHN HANCOCK DIVERSIFIED INCOME FUND | QUARTERLY REPORT 19
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. 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. Futures contracts whose settlement prices are determined as of the close of the NYSE are typically valued based on the settlement price while other futures contracts are typically valued at the last traded price on the exchange on which they trade. Foreign equity index futures that trade in the electronic trading market subsequent to the close of regular trading may be valued at the last traded price in the electronic trading market as of 4:00 P.M. ET, or may be fair valued based on fair value adjustment factors provided by an independent pricing vendor in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE. 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. 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 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. 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 Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor 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, 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 September 30, 2025, by major security category or type:
  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        
Communication services $5,627,030 $2,596,260 $3,030,770 —
Consumer discretionary 4,211,704 1,854,611 2,357,093 —
Consumer staples 6,081,483 4,874,912 1,206,571 —
Energy 4,652,480 3,832,459 820,021 —
Financials 22,548,276 8,331,691 14,216,585 —
Health care 7,149,992 4,873,978 2,276,014 —
Industrials 8,291,420 2,525,343 5,766,077 —
Information technology 13,743,057 9,150,927 4,592,130 —
Materials 4,919,147 1,502,877 3,416,270 —
Real estate 4,520,850 2,480,536 2,040,314 —
Utilities 4,844,424 1,568,322 3,276,102 —
20  |   
  Total
value at
9-30-25 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
 (continued)        
Preferred securities $1,229,173 — $1,229,173 —
U.S. Government and Agency obligations 319,922 — 319,922 —
Foreign government obligations 1,024,921 — 1,024,921 —
Corporate bonds 25,682,536 — 25,682,536 —
Convertible bonds 376,886 — 376,886 —
Term loans 607,374 — 607,374 —
Collateralized mortgage obligations 18,426,365 — 18,426,365 —
Asset-backed securities 8,403,196 — 8,403,196 —
Escrow certificates — — — —
Short-term investments 1,200,000 — 1,200,000 —
Total investments in securities $143,860,236 $43,591,916 $100,268,320 —
Derivatives:        
Assets        
Futures $103,358 $103,358 — —
Forward foreign currency contracts 65,921 — $65,921 —
Swap contracts 1,727 — 1,727 —
Liabilities        
Futures (55,237) (55,237) — —
Forward foreign currency contracts (7,547) — (7,547) —
Swap contracts (19,567) — (19,567) —
Level 3 includes securities valued at $0. Refer to Fund’s investments.
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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