Fund’s investments |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government and Agency obligations 15.4% (9.0% of Total investments) | $19,071,934 | ||||
(Cost $19,460,454) | |||||
U.S. Government 15.4% | 19,071,934 | ||||
U.S. Treasury | |||||
Note (A)(B) | 0.250 | 05-15-24 | 9,500,000 | 9,122,969 | |
Note (B) | 0.375 | 04-15-24 | 5,500,000 | 5,310,293 | |
Note (A)(B) | 0.500 | 03-31-25 | 5,000,000 | 4,638,672 | |
Corporate bonds 135.2% (79.3% of Total investments) | $167,240,455 | ||||
(Cost $176,972,659) | |||||
Communication services 18.8% | 23,212,635 | ||||
Diversified telecommunication services 3.3% | |||||
Connect Finco SARL (B)(C) | 6.750 | 10-01-26 | 1,110,000 | 1,064,178 | |
GCI LLC (B)(C) | 4.750 | 10-15-28 | 820,000 | 712,766 | |
Iliad Holding SASU (B)(C) | 6.500 | 10-15-26 | 800,000 | 766,689 | |
Level 3 Financing, Inc. (B)(C) | 4.625 | 09-15-27 | 428,000 | 325,133 | |
Total Play Telecomunicaciones SA de CV (C) | 7.500 | 11-12-25 | 1,210,000 | 827,256 | |
Zayo Group Holdings, Inc. (A)(B)(C) | 6.125 | 03-01-28 | 551,000 | 339,711 | |
Entertainment 1.9% | |||||
AMC Entertainment Holdings, Inc. (A)(B)(C) | 7.500 | 02-15-29 | 975,000 | 667,875 | |
Cinemark USA, Inc. (C) | 8.750 | 05-01-25 | 570,000 | 575,698 | |
Netflix, Inc. (B) | 5.875 | 11-15-28 | 1,035,000 | 1,066,294 | |
Interactive media and services 1.1% | |||||
Arches Buyer, Inc. (C) | 6.125 | 12-01-28 | 310,000 | 266,988 | |
Cars.com, Inc. (B)(C) | 6.375 | 11-01-28 | 644,000 | 607,431 | |
Match Group Holdings II LLC (A)(B)(C) | 5.625 | 02-15-29 | 500,000 | 475,092 | |
Media 9.2% | |||||
Altice Financing SA (C) | 5.000 | 01-15-28 | 510,000 | 395,740 | |
Altice Financing SA (C) | 5.750 | 08-15-29 | 400,000 | 299,968 | |
Altice France Holding SA (C) | 10.500 | 05-15-27 | 600,000 | 253,886 | |
Altice France SA (B)(C) | 5.500 | 10-15-29 | 625,000 | 443,754 | |
Altice France SA (B)(C) | 8.125 | 02-01-27 | 712,000 | 582,403 | |
CCO Holdings LLC (B)(C) | 5.125 | 05-01-27 | 645,000 | 605,138 | |
CCO Holdings LLC (B)(C) | 6.375 | 09-01-29 | 1,295,000 | 1,238,254 | |
Comcast Corp. (B) | 5.250 | 11-07-25 | 1,000,000 | 1,005,219 | |
CSC Holdings LLC (B)(C) | 5.500 | 04-15-27 | 575,000 | 492,991 | |
DISH Network Corp. (B)(C) | 11.750 | 11-15-27 | 820,000 | 825,394 | |
Grupo Televisa SAB | 8.490 | 05-11-37 | MXN | 26,200,000 | 1,206,364 |
iHeartCommunications, Inc. | 8.375 | 05-01-27 | 1,200,000 | 820,932 | |
LCPR Senior Secured Financing DAC (B)(C) | 6.750 | 10-15-27 | 945,000 | 883,849 | |
News Corp. (C) | 5.125 | 02-15-32 | 625,000 | 571,875 | |
Stagwell Global LLC (C) | 5.625 | 08-15-29 | 1,000,000 | 850,865 | |
Townsquare Media, Inc. (C) | 6.875 | 02-01-26 | 970,000 | 934,838 | |
Wireless telecommunication services 3.3% | |||||
SoftBank Group Corp. | 5.125 | 09-19-27 | 1,000,000 | 934,990 | |
Sprint LLC (B) | 7.125 | 06-15-24 | 2,150,000 | 2,170,234 | |
Sprint LLC (B) | 7.875 | 09-15-23 | 1,000,000 | 1,000,830 | |
Consumer discretionary 22.8% | 28,193,646 | ||||
Automobile components 1.5% | |||||
Clarios Global LP (B)(C) | 6.750 | 05-15-28 | 511,000 | 513,281 | |
The Goodyear Tire & Rubber Company (A)(B) | 5.000 | 07-15-29 | 289,000 | 266,489 | |
The Goodyear Tire & Rubber Company (B) | 5.250 | 04-30-31 | 505,000 | 457,878 | |
ZF North America Capital, Inc. (C) | 6.875 | 04-14-28 | 586,000 | 595,163 |
2 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Automobiles 4.7% | |||||
Ford Motor Credit Company LLC | 6.950 | 03-06-26 | 1,000,000 | $1,009,860 | |
Ford Motor Credit Company LLC | 6.950 | 06-10-26 | 439,000 | 442,512 | |
Ford Motor Credit Company LLC | 7.350 | 03-06-30 | 407,000 | 421,333 | |
General Motors Company (B) | 6.750 | 04-01-46 | 1,500,000 | 1,529,884 | |
General Motors Company (B) | 6.800 | 10-01-27 | 1,434,000 | 1,496,742 | |
Nissan Motor Company, Ltd. (C) | 4.345 | 09-17-27 | 1,000,000 | 930,630 | |
Broadline retail 1.9% | |||||
Liberty Interactive LLC | 8.250 | 02-01-30 | 914,000 | 346,333 | |
Macy’s Retail Holdings LLC (A)(B)(C) | 5.875 | 04-01-29 | 475,000 | 441,251 | |
Nordstrom, Inc. | 4.250 | 08-01-31 | 500,000 | 394,300 | |
Nordstrom, Inc. | 5.000 | 01-15-44 | 900,000 | 613,161 | |
QVC, Inc. (B) | 5.950 | 03-15-43 | 1,000,000 | 492,220 | |
Diversified consumer services 2.2% | |||||
Garda World Security Corp. (B)(C) | 4.625 | 02-15-27 | 750,000 | 692,752 | |
Sotheby’s (A)(B)(C) | 7.375 | 10-15-27 | 1,450,000 | 1,284,501 | |
Stena International SA (C) | 6.125 | 02-01-25 | 800,000 | 783,200 | |
Hotels, restaurants and leisure 10.7% | |||||
Affinity Interactive (B)(C) | 6.875 | 12-15-27 | 703,000 | 621,931 | |
Allwyn Entertainment Financing UK PLC (C) | 7.875 | 04-30-29 | 667,000 | 680,248 | |
Caesars Entertainment, Inc. (B)(C) | 7.000 | 02-15-30 | 1,059,000 | 1,069,613 | |
Carnival Corp. (C) | 6.000 | 05-01-29 | 673,000 | 604,952 | |
Carnival Corp. (C) | 7.625 | 03-01-26 | 750,000 | 739,886 | |
Carnival Holdings Bermuda, Ltd. (B)(C) | 10.375 | 05-01-28 | 615,000 | 671,057 | |
CEC Entertainment LLC (B)(C) | 6.750 | 05-01-26 | 830,000 | 798,110 | |
Choice Hotels International, Inc. (B) | 3.700 | 12-01-29 | 760,000 | 674,450 | |
Expedia Group, Inc. (B) | 5.000 | 02-15-26 | 1,000,000 | 990,898 | |
Full House Resorts, Inc. (A)(B)(C) | 8.250 | 02-15-28 | 546,000 | 503,601 | |
International Game Technology PLC (C) | 6.250 | 01-15-27 | 2,119,000 | 2,111,054 | |
Jacobs Entertainment, Inc. (B)(C) | 6.750 | 02-15-29 | 255,000 | 232,262 | |
Mohegan Tribal Gaming Authority (B)(C) | 8.000 | 02-01-26 | 535,000 | 494,875 | |
New Red Finance, Inc. (B)(C) | 4.375 | 01-15-28 | 935,000 | 863,927 | |
Royal Caribbean Cruises, Ltd. (B)(C) | 9.250 | 01-15-29 | 820,000 | 872,996 | |
Travel + Leisure Company (C) | 6.625 | 07-31-26 | 465,000 | 462,880 | |
Wyndham Hotels & Resorts, Inc. (C) | 4.375 | 08-15-28 | 180,000 | 164,735 | |
Yum! Brands, Inc. | 5.375 | 04-01-32 | 700,000 | 662,616 | |
Household durables 1.0% | |||||
KB Home | 7.250 | 07-15-30 | 225,000 | 229,640 | |
Newell Brands, Inc. (A)(B) | 6.375 | 09-15-27 | 1,042,000 | 1,025,068 | |
Specialty retail 0.8% | |||||
Asbury Automotive Group, Inc. (C) | 4.625 | 11-15-29 | 160,000 | 141,553 | |
Asbury Automotive Group, Inc. (C) | 5.000 | 02-15-32 | 450,000 | 392,177 | |
Lithia Motors, Inc. (C) | 3.875 | 06-01-29 | 550,000 | 473,627 | |
Consumer staples 1.8% | 2,259,311 | ||||
Food products 1.1% | |||||
Darling Ingredients, Inc. (C) | 6.000 | 06-15-30 | 60,000 | 59,098 | |
JBS USA LUX SA (B)(C) | 5.750 | 04-01-33 | 840,000 | 807,255 | |
Post Holdings, Inc. (B)(C) | 5.625 | 01-15-28 | 510,000 | 492,833 | |
Household products 0.7% | |||||
Edgewell Personal Care Company (A)(B)(C) | 5.500 | 06-01-28 | 950,000 | 900,125 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST | 3 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy 20.3% | $25,116,012 | ||||
Energy equipment and services 1.4% | |||||
CSI Compressco LP (A)(B)(C) | 7.500 | 04-01-25 | 500,000 | 487,500 | |
CSI Compressco LP (B)(C) | 7.500 | 04-01-25 | 380,000 | 370,500 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (C) | 10.000 | 04-01-26 | 481,308 | 416,331 | |
USA Compression Partners LP (B) | 6.875 | 09-01-27 | 436,000 | 420,003 | |
Oil, gas and consumable fuels 18.9% | |||||
Aker BP ASA (C) | 5.600 | 06-13-28 | 700,000 | 698,838 | |
Antero Midstream Partners LP (C) | 5.375 | 06-15-29 | 425,000 | 398,423 | |
Antero Resources Corp. (A)(B)(C) | 7.625 | 02-01-29 | 310,000 | 317,506 | |
Cenovus Energy, Inc. (B) | 6.750 | 11-15-39 | 398,000 | 418,496 | |
Cheniere Energy Partners LP | 3.250 | 01-31-32 | 325,000 | 270,445 | |
Cheniere Energy Partners LP | 4.500 | 10-01-29 | 1,620,000 | 1,506,096 | |
Crestwood Midstream Partners LP (C) | 8.000 | 04-01-29 | 720,000 | 732,025 | |
Delek Logistics Partners LP (B)(C) | 7.125 | 06-01-28 | 535,000 | 494,875 | |
Enbridge, Inc. (7.625% to 10-15-32, then 5 Year CMT + 4.418%) (B) | 7.625 | 01-15-83 | 1,055,000 | 1,065,973 | |
Energy Transfer LP (B) | 4.200 | 04-15-27 | 1,000,000 | 958,671 | |
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) | 7.125 | 05-15-30 | 1,285,000 | 1,128,617 | |
EnLink Midstream LLC (C) | 5.625 | 01-15-28 | 867,000 | 847,586 | |
EQM Midstream Partners LP (C) | 7.500 | 06-01-30 | 700,000 | 721,847 | |
Howard Midstream Energy Partners LLC (B)(C) | 8.875 | 07-15-28 | 511,000 | 522,549 | |
Inversiones Latin America Power, Ltda. (C) | 5.125 | 06-15-33 | 480,085 | 190,258 | |
MEG Energy Corp. (B)(C) | 5.875 | 02-01-29 | 237,000 | 227,197 | |
New Fortress Energy, Inc. (B)(C) | 6.500 | 09-30-26 | 1,000,000 | 917,557 | |
NuStar Logistics LP | 6.000 | 06-01-26 | 659,000 | 648,562 | |
Occidental Petroleum Corp. (A)(B) | 5.500 | 12-01-25 | 450,000 | 448,304 | |
Occidental Petroleum Corp. | 6.375 | 09-01-28 | 840,000 | 862,428 | |
Occidental Petroleum Corp. | 6.625 | 09-01-30 | 340,000 | 356,582 | |
Parkland Corp. (C) | 5.875 | 07-15-27 | 1,150,000 | 1,118,982 | |
Petroleos Mexicanos | 6.700 | 02-16-32 | 632,000 | 486,957 | |
Petroleos Mexicanos | 7.470 | 11-12-26 | MXN | 31,356,000 | 1,582,312 |
Sabine Pass Liquefaction LLC (B) | 5.000 | 03-15-27 | 1,000,000 | 990,434 | |
Southwestern Energy Company | 8.375 | 09-15-28 | 1,570,000 | 1,631,031 | |
Sunoco LP | 4.500 | 04-30-30 | 374,000 | 331,593 | |
Sunoco LP | 6.000 | 04-15-27 | 436,000 | 432,393 | |
Talos Production, Inc. (B) | 12.000 | 01-15-26 | 660,000 | 690,258 | |
Targa Resources Partners LP (B) | 5.500 | 03-01-30 | 770,000 | 742,503 | |
The Oil and Gas Holding Company BSCC (C) | 7.500 | 10-25-27 | 1,155,000 | 1,173,912 | |
Venture Global Calcasieu Pass LLC (C) | 6.250 | 01-15-30 | 520,000 | 508,468 | |
Financials 29.3% | 36,258,500 | ||||
Banks 19.1% | |||||
Bank of America Corp. (6.100% to 3-17-25, then 3 month CME Term SOFR + 4.160%) (B)(D) | 6.100 | 03-17-25 | 2,760,000 | 2,737,815 | |
Barclays PLC (8.000% to 3-15-29, then 5 Year CMT + 5.431%) (D) | 8.000 | 03-15-29 | 2,200,000 | 2,046,000 | |
BNP Paribas SA (6.625% to 3-25-24, then 5 Year U.S. Swap Rate + 4.149%) (C)(D) | 6.625 | 03-25-24 | 1,063,000 | 1,032,439 | |
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (C)(D) | 9.250 | 11-17-27 | 400,000 | 420,230 | |
Citizens Financial Group, Inc. (5.650% to 10-6-25, then 5 Year CMT + 5.313%) (D) | 5.650 | 10-06-25 | 1,000,000 | 950,500 | |
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (B)(C)(D) | 7.875 | 01-23-24 | 865,000 | 860,779 | |
Credit Agricole SA (8.125% to 12-23-25, then 5 Year U.S. Swap Rate + 6.185%) (B)(C)(D) | 8.125 | 12-23-25 | 1,495,000 | 1,499,778 |
4 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Fifth Third Bancorp (6.361% to 10-27-27, then SOFR + 2.192%) (B) | 6.361 | 10-27-28 | 1,000,000 | $1,015,386 | |
Freedom Mortgage Corp. (C) | 8.250 | 04-15-25 | 650,000 | 642,321 | |
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (A)(B)(D) | 6.500 | 04-16-25 | 1,135,000 | 1,069,752 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month CME Term SOFR + 4.042%) (B)(D) | 6.750 | 02-01-24 | 3,500,000 | 3,497,813 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (D) | 6.000 | 12-29-25 | 675,000 | 631,699 | |
Popular, Inc. | 7.250 | 03-13-28 | 620,000 | 626,200 | |
Societe Generale SA (7.875% to 12-18-23, then 5 Year U.S. Swap Rate + 4.979%) (C)(D) | 7.875 | 12-18-23 | 1,656,000 | 1,636,131 | |
The PNC Financial Services Group, Inc. (6.000% to 5-15-27, then 5 Year CMT + 3.000%) (B)(D) | 6.000 | 05-15-27 | 1,365,000 | 1,260,080 | |
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (B)(D) | 6.250 | 03-15-30 | 537,000 | 491,045 | |
The Toronto-Dominion Bank (8.125% to 10-31-27, then 5 Year CMT + 4.075%) (B) | 8.125 | 10-31-82 | 1,600,000 | 1,643,680 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (D) | 5.875 | 06-15-25 | 1,565,000 | 1,529,788 | |
Capital markets 0.5% | |||||
Brookfield Capital Finance LLC (B) | 6.087 | 06-14-33 | 641,000 | 650,684 | |
Consumer finance 3.6% | |||||
Ally Financial, Inc. (A)(B) | 5.800 | 05-01-25 | 2,000,000 | 1,971,616 | |
Ally Financial, Inc. (A)(B) | 7.100 | 11-15-27 | 910,000 | 925,940 | |
Avation Capital SA (8.250% Cash or 9.000% PIK) (C) | 8.250 | 10-31-26 | 98,348 | 85,741 | |
Enova International, Inc. (A)(B)(C) | 8.500 | 09-15-25 | 635,000 | 625,539 | |
OneMain Finance Corp. (A)(B) | 9.000 | 01-15-29 | 444,000 | 451,148 | |
World Acceptance Corp. (A)(B)(C) | 7.000 | 11-01-26 | 472,000 | 414,326 | |
Financial services 1.0% | |||||
Block, Inc. (A)(B) | 3.500 | 06-01-31 | 325,000 | 272,212 | |
Macquarie Airfinance Holdings, Ltd. (C) | 8.375 | 05-01-28 | 379,000 | 385,894 | |
Nationstar Mortgage Holdings, Inc. (C) | 6.000 | 01-15-27 | 600,000 | 573,750 | |
Insurance 4.7% | |||||
Alliant Holdings Intermediate LLC (B)(C) | 6.750 | 04-15-28 | 766,000 | 762,117 | |
Athene Holding, Ltd. (B) | 6.150 | 04-03-30 | 1,500,000 | 1,520,244 | |
Athene Holding, Ltd. (B) | 6.650 | 02-01-33 | 620,000 | 632,054 | |
HUB International, Ltd. (B)(C) | 7.250 | 06-15-30 | 634,000 | 646,052 | |
Prudential Financial, Inc. (3.700% to 7-1-30, then 5 Year CMT + 3.035%) (B) | 3.700 | 10-01-50 | 2,100,000 | 1,793,125 | |
SBL Holdings, Inc. (B)(C) | 5.000 | 02-18-31 | 587,000 | 459,763 | |
Mortgage real estate investment trusts 0.4% | |||||
Starwood Property Trust, Inc. (C) | 5.500 | 11-01-23 | 500,000 | 496,859 | |
Health care 5.5% | 6,818,917 | ||||
Health care equipment and supplies 0.5% | |||||
Varex Imaging Corp. (B)(C) | 7.875 | 10-15-27 | 615,000 | 615,000 | |
Health care providers and services 3.9% | |||||
Centene Corp. | 4.625 | 12-15-29 | 400,000 | 371,892 | |
DaVita, Inc. (B)(C) | 3.750 | 02-15-31 | 440,000 | 351,840 | |
Encompass Health Corp. (B) | 4.750 | 02-01-30 | 600,000 | 545,360 | |
HCA, Inc. (B) | 3.500 | 09-01-30 | 700,000 | 615,299 | |
HCA, Inc. (B) | 5.500 | 06-15-47 | 1,760,000 | 1,643,308 | |
HealthEquity, Inc. (C) | 4.500 | 10-01-29 | 810,000 | 725,571 | |
Tenet Healthcare Corp. | 6.125 | 10-01-28 | 600,000 | 571,554 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
Health care (continued) | |||||
Life sciences tools and services 0.4% | |||||
IQVIA, Inc. (B)(C) | 5.700 | 05-15-28 | 492,000 | $488,989 | |
Pharmaceuticals 0.7% | |||||
Bausch Health Companies, Inc. (C) | 9.000 | 01-30-28 | 86,000 | 86,215 | |
Bausch Health Companies, Inc. (A)(B)(C) | 11.000 | 09-30-28 | 153,000 | 112,799 | |
Bausch Health Companies, Inc. (C) | 14.000 | 10-15-30 | 30,000 | 18,984 | |
Organon & Company (C) | 4.125 | 04-30-28 | 750,000 | 672,106 | |
Industrials 15.8% | 19,581,795 | ||||
Aerospace and defense 1.5% | |||||
Bombardier, Inc. (B)(C) | 7.875 | 04-15-27 | 1,040,000 | 1,036,688 | |
TransDigm, Inc. (B)(C) | 6.750 | 08-15-28 | 817,000 | 819,438 | |
Commercial services and supplies 2.1% | |||||
Allied Universal Holdco LLC (B)(C) | 6.625 | 07-15-26 | 1,100,000 | 1,050,407 | |
APX Group, Inc. (C) | 6.750 | 02-15-27 | 373,000 | 363,675 | |
Cimpress PLC | 7.000 | 06-15-26 | 725,000 | 684,219 | |
Clean Harbors, Inc. (C) | 6.375 | 02-01-31 | 459,000 | 461,195 | |
Construction and engineering 1.8% | |||||
AECOM | 5.125 | 03-15-27 | 900,000 | 868,818 | |
Global Infrastructure Solutions, Inc. (B)(C) | 5.625 | 06-01-29 | 650,000 | 547,316 | |
MasTec, Inc. (B)(C) | 4.500 | 08-15-28 | 450,000 | 417,777 | |
Williams Scotsman International, Inc. (B)(C) | 6.125 | 06-15-25 | 425,000 | 422,261 | |
Electrical equipment 1.1% | |||||
Emerald Debt Merger Sub LLC (C) | 6.625 | 12-15-30 | 832,000 | 826,800 | |
Vertiv Group Corp. (C) | 4.125 | 11-15-28 | 564,000 | 506,287 | |
Ground transportation 2.5% | |||||
Uber Technologies, Inc. (A)(B)(C) | 6.250 | 01-15-28 | 1,165,000 | 1,155,983 | |
Uber Technologies, Inc. (C) | 7.500 | 09-15-27 | 600,000 | 612,421 | |
Uber Technologies, Inc. (B)(C) | 8.000 | 11-01-26 | 1,350,000 | 1,377,248 | |
Machinery 0.9% | |||||
JB Poindexter & Company, Inc. (B)(C) | 7.125 | 04-15-26 | 625,000 | 617,019 | |
TK Elevator U.S. Newco, Inc. (B)(C) | 5.250 | 07-15-27 | 600,000 | 561,092 | |
Passenger airlines 3.1% | |||||
American Airlines 2013-1 Class A Pass Through Trust (B) | 4.000 | 07-15-25 | 331,942 | 308,706 | |
American Airlines, Inc. (B)(C) | 11.750 | 07-15-25 | 1,100,000 | 1,212,359 | |
Delta Air Lines, Inc. | 7.375 | 01-15-26 | 700,000 | 726,687 | |
United Airlines 2020-1 Class A Pass Through Trust (B) | 5.875 | 10-15-27 | 334,588 | 331,363 | |
United Airlines 2020-1 Class B Pass Through Trust (B) | 4.875 | 01-15-26 | 1,293,647 | 1,246,744 | |
Professional services 0.8% | |||||
Concentrix Corp. (E) | 6.849 | 08-02-33 | 992,000 | 959,099 | |
Trading companies and distributors 2.0% | |||||
Ashland LLC | 6.875 | 05-15-43 | 845,000 | 838,466 | |
Boise Cascade Company (C) | 4.875 | 07-01-30 | 625,000 | 570,313 | |
United Rentals North America, Inc. | 4.000 | 07-15-30 | 581,000 | 513,832 | |
WESCO Distribution, Inc. (C) | 7.250 | 06-15-28 | 535,000 | 545,582 | |
Information technology 7.7% | 9,536,952 | ||||
IT services 1.1% | |||||
Sabre GLBL, Inc. (B)(C) | 9.250 | 04-15-25 | 122,000 | 114,380 | |
Sixsigma Networks Mexico SA de CV (C) | 7.500 | 05-02-25 | 725,000 | 661,113 | |
Virtusa Corp. (C) | 7.125 | 12-15-28 | 786,000 | 658,381 | |
Semiconductors and semiconductor equipment 1.7% | |||||
Entegris Escrow Corp. (C) | 4.750 | 04-15-29 | 930,000 | 867,596 |
6 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Information technology (continued) | |||||
Semiconductors and semiconductor equipment (continued) | |||||
ON Semiconductor Corp. (C) | 3.875 | 09-01-28 | 714,000 | $646,706 | |
Qorvo, Inc. (C) | 3.375 | 04-01-31 | 700,000 | 578,415 | |
Software 2.0% | |||||
Consensus Cloud Solutions, Inc. (A)(B)(C) | 6.000 | 10-15-26 | 405,000 | 374,498 | |
Consensus Cloud Solutions, Inc. (A)(B)(C) | 6.500 | 10-15-28 | 960,000 | 830,404 | |
NCR Corp. (B)(C) | 5.125 | 04-15-29 | 150,000 | 134,137 | |
NCR Corp. (B)(C) | 5.250 | 10-01-30 | 535,000 | 476,410 | |
Open Text Corp. (C) | 6.900 | 12-01-27 | 616,000 | 629,473 | |
Technology hardware, storage and peripherals 2.9% | |||||
CDW LLC | 3.250 | 02-15-29 | 500,000 | 436,095 | |
Dell International LLC (B) | 8.350 | 07-15-46 | 746,000 | 935,769 | |
Seagate HDD Cayman | 5.750 | 12-01-34 | 939,000 | 832,764 | |
Seagate HDD Cayman (C) | 8.250 | 12-15-29 | 168,000 | 176,086 | |
Xerox Holdings Corp. (C) | 5.500 | 08-15-28 | 1,350,000 | 1,184,725 | |
Materials 5.5% | 6,771,432 | ||||
Chemicals 0.6% | |||||
Braskem Idesa SAPI (A)(B)(C) | 6.990 | 02-20-32 | 340,000 | 219,258 | |
SCIL IV LLC (C) | 5.375 | 11-01-26 | 310,000 | 284,939 | |
Trinseo Materials Operating SCA (C) | 5.125 | 04-01-29 | 400,000 | 235,168 | |
Containers and packaging 3.7% | |||||
Ardagh Packaging Finance PLC (C) | 5.250 | 08-15-27 | 600,000 | 516,000 | |
Ball Corp. | 6.000 | 06-15-29 | 322,000 | 322,000 | |
Ball Corp. (A)(B) | 6.875 | 03-15-28 | 581,000 | 594,395 | |
Berry Global, Inc. (A)(B)(C) | 5.625 | 07-15-27 | 622,000 | 606,756 | |
OI European Group BV (C) | 6.250 | 05-15-28 | EUR | 145,000 | 164,261 |
Owens-Brockway Glass Container, Inc. (A)(B)(C) | 6.625 | 05-13-27 | 581,000 | 577,704 | |
Sealed Air Corp. (C) | 6.125 | 02-01-28 | 430,000 | 428,069 | |
Sealed Air Corp. (C) | 6.875 | 07-15-33 | 487,000 | 509,275 | |
Trivium Packaging Finance BV (C) | 5.500 | 08-15-26 | 900,000 | 855,080 | |
Metals and mining 1.2% | |||||
First Quantum Minerals, Ltd. (C) | 6.875 | 10-15-27 | 743,000 | 730,532 | |
Novelis Corp. (C) | 4.750 | 01-30-30 | 810,000 | 727,995 | |
Real estate 3.7% | 4,613,877 | ||||
Health care REITs 0.5% | |||||
Diversified Healthcare Trust | 9.750 | 06-15-25 | 620,000 | 613,373 | |
Hotel and resort REITs 0.5% | |||||
XHR LP (B)(C) | 4.875 | 06-01-29 | 730,000 | 635,028 | |
Specialized REITs 2.7% | |||||
American Tower Corp. (B) | 3.800 | 08-15-29 | 690,000 | 632,143 | |
GLP Capital LP | 5.375 | 04-15-26 | 815,000 | 799,810 | |
Uniti Group LP (B)(C) | 10.500 | 02-15-28 | 581,000 | 577,526 | |
VICI Properties LP (C) | 4.250 | 12-01-26 | 1,100,000 | 1,036,174 | |
VICI Properties LP (C) | 4.625 | 12-01-29 | 350,000 | 319,823 | |
Utilities 4.0% | 4,877,378 | ||||
Electric utilities 2.4% | |||||
NRG Energy, Inc. (C) | 3.625 | 02-15-31 | 430,000 | 337,453 | |
NRG Energy, Inc. | 6.625 | 01-15-27 | 336,000 | 333,644 | |
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (B)(C)(D) | 10.250 | 03-15-28 | 421,000 | 407,988 | |
Vistra Operations Company LLC (C) | 5.500 | 09-01-26 | 900,000 | 870,299 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities (continued) | |||||
Electric utilities (continued) | |||||
Vistra Operations Company LLC (C) | 5.625 | 02-15-27 | 1,000,000 | $966,929 | |
Gas utilities 0.7% | |||||
AmeriGas Partners LP (B)(C) | 9.375 | 06-01-28 | 813,000 | 828,772 | |
Independent power and renewable electricity producers 0.9% | |||||
Clearway Energy Operating LLC (C) | 4.750 | 03-15-28 | 650,000 | 602,974 | |
Talen Energy Supply LLC (C) | 8.625 | 06-01-30 | 510,000 | 529,319 | |
Convertible bonds 0.3% (0.2% of Total investments) | $373,733 | ||||
(Cost $321,706) | |||||
Communication services 0.3% | 373,733 | ||||
Broadline retail 0.3% | |||||
DISH Network Corp. | 3.375 | 08-15-26 | 674,000 | 373,733 | |
Term loans (F) 3.9% (2.3% of Total investments) | $4,831,308 | ||||
(Cost $5,345,239) | |||||
Communication services 1.1% | 1,318,958 | ||||
Interactive media and services 0.3% | |||||
Arches Buyer, Inc., 2021 Term Loan B (G) | TBD | 12-06-27 | 365,176 | 353,538 | |
Media 0.8% | |||||
AP Core Holdings II LLC, High-Yield Term Loan B2 (1 month SOFR + 5.500%) | 10.933 | 09-01-27 | 1,000,000 | 965,420 | |
Consumer discretionary 0.8% | 993,379 | ||||
Hotels, restaurants and leisure 0.8% | |||||
Carnival Corp., USD Term Loan B (1 month SOFR + 3.000%) | 8.433 | 06-30-25 | 994,872 | 993,379 | |
Financials 0.1% | 167,626 | ||||
Insurance 0.1% | |||||
HUB International, Ltd., 2023 Term Loan B (3 month SOFR + 4.250%) | 9.584 | 06-20-30 | 167,000 | 167,626 | |
Health care 0.9% | 1,159,751 | ||||
Pharmaceuticals 0.9% | |||||
Bausch Health Americas, Inc. , 2022 Term Loan B (1 month SOFR + 5.250%) | 10.605 | 02-01-27 | 1,425,000 | 1,159,751 | |
Industrials 0.8% | 982,851 | ||||
Passenger airlines 0.8% | |||||
AAdvantage Loyalty IP, Ltd., 2021 Term Loan (3 month SOFR + 4.750%) | 10.338 | 04-20-28 | 950,000 | 982,851 | |
Global Aviation Holdings, Inc., PIK, 2nd Lien Term Loan (H)(I) | 0.000 | 07-13-21 | 51,038 | 0 | |
Global Aviation Holdings, Inc., PIK, 3rd Lien Term Loan (H)(I) | 0.000 | 03-13-22 | 514,063 | 0 | |
Materials 0.2% | 208,743 | ||||
Chemicals 0.2% | |||||
Trinseo Materials Operating SCA, 2021 Term Loan B2 (G) | TBD | 05-03-28 | 264,326 | 208,743 | |
Collateralized mortgage obligations 0.0% (0.0% of Total investments) | $65,989 | ||||
(Cost $103,663) | |||||
Commercial and residential 0.0% | 59,527 | ||||
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (C) | 0.350 | 05-19-47 | 1,593,125 | 16,632 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 1,657,988 | 21,792 | |
Series 2007-6, Class ES IO (C) | 0.343 | 08-19-37 | 1,706,967 | 21,103 | |
U.S. Government Agency 0.0% | 6,462 | ||||
Government National Mortgage Association | |||||
Series 2012-114, Class IO | 0.620 | 01-16-53 | 423,438 | 6,462 |
8 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Asset backed securities 6.2% (3.7% of Total investments) | $7,659,505 | ||||
(Cost $7,715,517) | |||||
Asset backed securities 6.2% | 7,659,505 | ||||
AMMC CLO XIII, Ltd. | |||||
Series 2013-13A, Class A1R2 (3 month CME Term SOFR + 1.312%) (C)(J) | 6.657 | 07-24-29 | 850,152 | 849,210 | |
Concord Music Royalties LLC | |||||
Series 2022-1A, Class A2 (C) | 6.500 | 01-20-73 | 850,000 | 834,792 | |
ContiMortgage Home Equity Loan Trust | |||||
Series 1995-2, Class A5 | 8.100 | 08-15-25 | 14,561 | 14,290 | |
Cutwater, Ltd. | |||||
Series 2015-1A, Class AR (3 month CME Term SOFR + 1.482%) (C)(J) | 6.790 | 01-15-29 | 337,132 | 336,083 | |
CyrusOne Data Centers Issuer I LLC | |||||
Series 2023-1A, Class B (C) | 5.450 | 04-20-48 | 811,485 | 694,004 | |
Gallatin CLO IX, Ltd. | |||||
Series 2018-1A, Class A (3 month LIBOR + 1.050%) (C)(J) | 6.645 | 01-21-28 | 746,774 | 745,637 | |
LCM XX LP | |||||
Series 20A, Class BR (3 month CME Term SOFR + 1.812%) (C)(J) | 7.138 | 10-20-27 | 280,000 | 279,507 | |
MVW LLC | |||||
Series 2022-1A, Class D (C) | 7.350 | 11-21-39 | 775,376 | 734,644 | |
Series 2023-1A, Class D (C) | 8.830 | 10-20-40 | 782,343 | 774,888 | |
Neighborly Issuer LLC | |||||
Series 2023-1A, Class A2 (C) | 7.308 | 01-30-53 | 1,019,875 | 993,022 | |
OFSI BSL VIII, Ltd. | |||||
Series 2017-1A, Class AR (3 month CME Term SOFR + 1.262%) (C)(J) | 6.570 | 08-16-29 | 234,589 | 234,358 | |
Sound Point CLO, Ltd. | |||||
Series 2013-2RA, Class A1 (3 month LIBOR + 0.950%) (C)(J) | 6.520 | 04-15-29 | 487,967 | 485,882 | |
Vantage Data Centers LLC | |||||
Series 2019-1A, Class A2 (C) | 3.188 | 07-15-44 | 273,837 | 264,691 | |
Westgate Resorts LLC | |||||
Series 2020-1A, Class C (C) | 6.213 | 03-20-34 | 252,434 | 248,969 | |
Zais CLO 8, Ltd. | |||||
Series 2018-1A, Class A (3 month CME Term SOFR + 1.212%) (C)(J) | 6.520 | 04-15-29 | 170,048 | 169,528 | |
Shares | Value | ||||
Common stocks 0.2% (0.1% of Total investments) | $295,495 | ||||
(Cost $692,558) | |||||
Industrials 0.0% | 0 | ||||
Passenger airlines 0.0% | |||||
Global Aviation Holdings, Inc., Class A (I)(K) | 82,159 | 0 | |||
Utilities 0.2% | 295,495 | ||||
Multi-utilities 0.2% | |||||
Algonquin Power & Utilities Corp. | 10,000 | 295,495 | |||
Preferred securities 1.3% (0.8% of Total investments) | $1,602,152 | ||||
(Cost $1,564,870) | |||||
Communication services 0.5% | 568,323 | ||||
Wireless telecommunication services 0.5% | |||||
U.S. Cellular Corp., 6.250% (B) | 34,675 | 568,323 | |||
Energy 0.4% | 489,060 | ||||
Oil, gas and consumable fuels 0.4% | |||||
Energy Transfer LP, 7.600% (7.600% to 5-15-24, then 3 month LIBOR + 5.161%) | 19,800 | 489,060 | |||
Utilities 0.4% | 544,769 | ||||
Multi-utilities 0.4% | |||||
NiSource, Inc., 6.500% (6.500% to 3-15-24, then 5 Year CMT + 3.632%) (B) | 21,575 | 544,769 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST | 9 |
Shares | Value | ||||
Warrants 0.0% (0.0% of Total investments) | $8,199 | ||||
(Cost $0) | |||||
Avation Capital SA (Expiration Date: 10-31-26; Strike Price: GBP 114.50) (K) | 12,775 | 8,199 |
Par value^ | Value | ||||
Escrow certificates 0.0% (0.0% of Total investments) | $4,095 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (C)(I)(K) | 2,100,000 | 4,095 | |||
Yield (%) | Shares | Value | |||
Short-term investments 7.8% (4.6% of Total investments) | $9,595,740 | ||||
(Cost $9,596,585) | |||||
Short-term funds 7.8% | 9,595,740 | ||||
John Hancock Collateral Trust (L) | 5.2927(M) | 960,054 | 9,595,740 |
Total investments (Cost $221,773,251) 170.3% | $210,748,605 | ||||
Other assets and liabilities, net (70.3%) | (87,003,764) | ||||
Total net assets 100.0% | $123,744,841 |
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 |
MXN | Mexican Peso |
Security Abbreviations and Legend | |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity Treasury |
IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
LIBOR | London Interbank Offered Rate |
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 on loan as of 7-31-23, and is a component of the fund’s leverage under the Liquidity Agreement. |
(B) | All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 7-31-23 was $108,594,709. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $26,918,916. |
(C) | These securities are 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 $99,255,474 or 80.2% of the fund’s net assets as of 7-31-23. |
(D) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(E) | Security purchased or sold on a when-issued or delayed delivery basis. |
(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) | Non-income producing - Issuer is in default. |
(I) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(J) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(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 7-31-23. |
United States | 79.2% |
Canada | 4.2% |
France | 3.4% |
Mexico | 2.4% |
10 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Cayman Islands | 1.9% |
United Kingdom | 1.8% |
Luxembourg | 1.6% |
Bermuda | 1.3% |
Netherlands | 1.0% |
Ireland | 1.0% |
Other countries | 2.2% |
TOTAL | 100.0% |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK INVESTORS TRUST | 11 |
Contract to buy | Contract to sell | Counterparty (OTC) | Contractual settlement date | Unrealized appreciation | Unrealized depreciation | ||
MXN | 1,280,000 | USD | 73,814 | SSB | 9/20/2023 | $1,954 | — |
USD | 78,965 | EUR | 72,500 | SSB | 9/20/2023 | — | $(938) |
USD | 2,721,627 | MXN | 49,480,487 | GSI | 9/20/2023 | — | (207,310) |
$1,954 | $(208,248) |
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 | 43,000,000 | USD | Fixed 3.662% | USD SOFR Compounded OIS(a) | Semi-Annual | Quarterly | May 2026 | — | $1,033,169 | $1,033,169 |
Centrally cleared | 22,000,000 | USD | Fixed 3.473% | USD SOFR Compounded OIS(a) | Semi-Annual | Quarterly | May 2026 | — | 644,257 | 644,257 |
— | $1,677,426 | $1,677,426 |
(a) | At 7-31-23, the overnight SOFR was 5.310%. |
Derivatives Currency Abbreviations | |
EUR | Euro |
MXN | Mexican Peso |
USD | U.S. Dollar |
Derivatives Abbreviations | |
GSI | Goldman Sachs International |
OIS | Overnight Index Swap |
OTC | Over-the-counter |
SOFR | Secured Overnight Financing Rate |
SSB | State Street Bank and Trust Company |
12 | JOHN HANCOCK INVESTORS TRUST | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Total value at 7-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $19,071,934 | — | $19,071,934 | — |
Corporate bonds | 167,240,455 | — | 167,240,455 | — |
Convertible bonds | 373,733 | — | 373,733 | — |
Term loans | 4,831,308 | — | 4,831,308 | — |
Collateralized mortgage obligations | 65,989 | — | 65,989 | — |
Asset backed securities | 7,659,505 | — | 7,659,505 | — |
Common stocks | 295,495 | $295,495 | — | — |
Preferred securities | 1,602,152 | 1,602,152 | — | — |
Warrants | 8,199 | — | 8,199 | — |
Escrow certificates | 4,095 | — | — | $4,095 |
Short-term investments | 9,595,740 | 9,595,740 | — | — |
Total investments in securities | $210,748,605 | $11,493,387 | $199,251,123 | $4,095 |
Derivatives: | ||||
Assets | ||||
Forward foreign currency contracts | $1,954 | — | $1,954 | — |
Swap contracts | 1,677,426 | — | 1,677,426 | — |
Liabilities | ||||
Forward foreign currency contracts | (208,248) | — | (208,248) | — |
Level 3 includes securities valued at $0. Refer to Fund’s investments. |
| | 13 |
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 | 960,054 | $8,200,704 | $47,416,944 | $(46,023,940) | $2,298 | $(266) | $188,983 | — | $9,595,740 |
14 | | |