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Share Name | Share Symbol | Market | Type |
---|---|---|---|
John Hancock Income Security Trust | NYSE:JHS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.36% | 11.18 | 11.19 | 11.12 | 11.18 | 14,673 | 21:00:06 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 1 |
2 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 3 |
4 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru | 5.000 | 11-01-52 | 1,871,009 | $1,873,122 | |
30 Yr Pass Thru | 5.000 | 12-01-52 | 1,139,421 | 1,138,572 | |
30 Yr Pass Thru | 5.000 | 02-01-53 | 434,366 | 432,549 | |
30 Yr Pass Thru (C) | 5.000 | 02-01-53 | 1,586,646 | 1,583,528 | |
30 Yr Pass Thru (C) | 5.000 | 05-01-53 | 1,600,000 | 1,600,777 | |
30 Yr Pass Thru | 5.500 | 09-01-52 | 1,098,743 | 1,118,843 | |
30 Yr Pass Thru | 5.500 | 11-01-52 | 2,180,545 | 2,220,435 | |
30 Yr Pass Thru | 5.500 | 11-01-52 | 2,230,181 | 2,266,100 | |
30 Yr Pass Thru | 5.500 | 03-01-53 | 1,190,296 | 1,209,467 | |
Federal National Mortgage Association | |||||
30 Yr Pass Thru | 3.000 | 12-01-42 | 952,736 | 884,667 | |
30 Yr Pass Thru | 3.000 | 07-01-43 | 249,769 | 230,867 | |
30 Yr Pass Thru | 3.000 | 08-01-49 | 1,873,758 | 1,704,436 | |
30 Yr Pass Thru | 3.000 | 11-01-49 | 253,969 | 231,039 | |
30 Yr Pass Thru | 3.000 | 01-01-52 | 1,832,925 | 1,656,124 | |
30 Yr Pass Thru | 3.500 | 12-01-42 | 1,106,384 | 1,052,851 | |
30 Yr Pass Thru | 3.500 | 01-01-43 | 1,149,793 | 1,095,002 | |
30 Yr Pass Thru | 3.500 | 04-01-45 | 403,722 | 383,608 | |
30 Yr Pass Thru | 3.500 | 11-01-46 | 766,351 | 727,453 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 814,422 | 771,048 | |
30 Yr Pass Thru | 3.500 | 07-01-47 | 825,511 | 786,705 | |
30 Yr Pass Thru | 3.500 | 11-01-47 | 348,097 | 329,341 | |
30 Yr Pass Thru | 3.500 | 09-01-49 | 169,804 | 159,712 | |
30 Yr Pass Thru | 3.500 | 03-01-50 | 447,944 | 421,043 | |
30 Yr Pass Thru | 4.000 | 09-01-41 | 303,254 | 296,430 | |
30 Yr Pass Thru | 4.000 | 01-01-49 | 784,501 | 758,478 | |
30 Yr Pass Thru | 4.000 | 07-01-49 | 166,012 | 161,024 | |
30 Yr Pass Thru | 4.000 | 08-01-49 | 333,522 | 324,126 | |
30 Yr Pass Thru | 4.000 | 02-01-50 | 262,190 | 253,738 | |
30 Yr Pass Thru | 4.000 | 03-01-51 | 877,892 | 850,691 | |
30 Yr Pass Thru | 4.000 | 08-01-51 | 581,401 | 563,932 | |
30 Yr Pass Thru | 4.000 | 10-01-51 | 1,182,857 | 1,143,712 | |
30 Yr Pass Thru | 4.000 | 04-01-52 | 111,749 | 107,579 | |
30 Yr Pass Thru | 4.000 | 06-01-52 | 1,138,288 | 1,092,543 | |
30 Yr Pass Thru | 4.000 | 06-01-52 | 1,154,976 | 1,109,715 | |
30 Yr Pass Thru | 4.000 | 06-01-52 | 922,288 | 891,045 | |
30 Yr Pass Thru | 4.000 | 07-01-52 | 441,766 | 425,697 | |
30 Yr Pass Thru | 4.500 | 06-01-52 | 469,114 | 462,303 | |
30 Yr Pass Thru | 4.500 | 06-01-52 | 1,083,161 | 1,065,066 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 526,574 | 514,979 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 118,278 | 116,366 | |
30 Yr Pass Thru | 4.500 | 08-01-52 | 874,790 | 855,528 | |
30 Yr Pass Thru | 4.500 | 09-01-52 | 727,397 | 720,701 | |
30 Yr Pass Thru (C) | 5.000 | 06-01-52 | 766,792 | 768,137 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru (C) | 5.000 | 08-01-52 | 1,520,334 | $1,519,414 | |
30 Yr Pass Thru | 5.000 | 10-01-52 | 1,795,662 | 1,801,337 | |
30 Yr Pass Thru | 5.000 | 11-01-52 | 2,961,138 | 2,965,408 | |
30 Yr Pass Thru (C) | 5.000 | 12-01-52 | 809,829 | 810,997 | |
30 Yr Pass Thru (C) | 5.000 | 03-01-53 | 1,188,748 | 1,188,233 | |
30 Yr Pass Thru | 5.500 | 04-01-53 | 1,860,870 | 1,886,189 | |
Foreign government obligations 0.7% (0.4% of Total investments) | $978,496 | ||||
(Cost $1,059,278) | |||||
Argentina 0.1% | 124,362 | ||||
Republic of Argentina Bond (3.500% to 7-9-29, then 4.875% thereafter) | 3.500 | 07-09-41 | 499,000 | 124,362 | |
Qatar 0.2% | 316,661 | ||||
State of Qatar Bond (D) | 5.103 | 04-23-48 | 309,000 | 316,661 | |
Saudi Arabia 0.4% | 537,473 | ||||
Kingdom of Saudi Arabia Bond (D) | 4.375 | 04-16-29 | 534,000 | 537,473 | |
Corporate bonds 68.1% (40.9% of Total investments) | $95,896,859 | ||||
(Cost $104,169,331) | |||||
Communication services 6.2% | 8,763,614 | ||||
Diversified telecommunication services 1.4% | |||||
AT&T, Inc. (A) | 3.500 | 06-01-41 | 423,000 | 333,276 | |
AT&T, Inc. (A) | 3.650 | 06-01-51 | 444,000 | 331,034 | |
C&W Senior Financing DAC (D) | 6.875 | 09-15-27 | 208,000 | 182,000 | |
Connect Finco SARL (A)(D) | 6.750 | 10-01-26 | 371,000 | 353,583 | |
GCI LLC (A)(D) | 4.750 | 10-15-28 | 208,000 | 177,840 | |
Telesat Canada (D) | 5.625 | 12-06-26 | 93,000 | 51,948 | |
Total Play Telecomunicaciones SA de CV (D) | 6.375 | 09-20-28 | 216,000 | 142,310 | |
Total Play Telecomunicaciones SA de CV (D) | 7.500 | 11-12-25 | 333,000 | 232,770 | |
Verizon Communications, Inc. (A) | 4.016 | 12-03-29 | 233,000 | 223,738 | |
Entertainment 2.0% | |||||
Netflix, Inc. (A) | 4.875 | 04-15-28 | 465,000 | 467,899 | |
Netflix, Inc. (A)(D) | 4.875 | 06-15-30 | 212,000 | 210,555 | |
Netflix, Inc. (A)(D) | 5.375 | 11-15-29 | 92,000 | 94,052 | |
Netflix, Inc. (A) | 5.875 | 11-15-28 | 400,000 | 420,237 | |
Take-Two Interactive Software, Inc. (A) | 3.550 | 04-14-25 | 112,000 | 108,924 | |
The Walt Disney Company (A) | 7.750 | 01-20-24 | 1,020,000 | 1,038,084 | |
WarnerMedia Holdings, Inc. (D) | 5.050 | 03-15-42 | 120,000 | 99,252 | |
WarnerMedia Holdings, Inc. (D) | 5.141 | 03-15-52 | 211,000 | 168,601 | |
WMG Acquisition Corp. (A)(D) | 3.875 | 07-15-30 | 214,000 | 188,855 |
6 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 7 |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Diversified consumer services 0.1% | |||||
Service Corp. International | 4.000 | 05-15-31 | 208,000 | $183,304 | |
Hotels, restaurants and leisure 3.0% | |||||
Affinity Interactive (A)(D) | 6.875 | 12-15-27 | 123,000 | 110,637 | |
Booking Holdings, Inc. (A) | 4.625 | 04-13-30 | 334,000 | 335,801 | |
Caesars Entertainment, Inc. (A)(D) | 7.000 | 02-15-30 | 76,000 | 76,678 | |
CCM Merger, Inc. (A)(D) | 6.375 | 05-01-26 | 105,000 | 102,638 | |
Choice Hotels International, Inc. (A) | 3.700 | 12-01-29 | 182,000 | 165,111 | |
Choice Hotels International, Inc. (A) | 3.700 | 01-15-31 | 139,000 | 123,138 | |
Expedia Group, Inc. (A) | 2.950 | 03-15-31 | 158,000 | 133,722 | |
Expedia Group, Inc. (A) | 4.625 | 08-01-27 | 310,000 | 304,893 | |
Expedia Group, Inc. (A) | 5.000 | 02-15-26 | 89,000 | 88,979 | |
Full House Resorts, Inc. (A)(B)(D) | 8.250 | 02-15-28 | 100,000 | 92,091 | |
Hilton Grand Vacations Borrower Escrow LLC (A)(D) | 4.875 | 07-01-31 | 146,000 | 127,724 | |
Hilton Grand Vacations Borrower Escrow LLC (A)(D) | 5.000 | 06-01-29 | 185,000 | 167,438 | |
Hyatt Hotels Corp. (A) | 5.750 | 04-23-30 | 144,000 | 148,029 | |
Jacobs Entertainment, Inc. (A)(D) | 6.750 | 02-15-29 | 77,000 | 66,990 | |
Marriott International, Inc. (A) | 4.625 | 06-15-30 | 300,000 | 291,349 | |
MGM Resorts International (A) | 4.750 | 10-15-28 | 332,000 | 310,397 | |
Midwest Gaming Borrower LLC (A)(D) | 4.875 | 05-01-29 | 183,000 | 163,785 | |
Mohegan Tribal Gaming Authority (A)(D) | 8.000 | 02-01-26 | 173,000 | 154,835 | |
New Red Finance, Inc. (A)(D) | 4.000 | 10-15-30 | 454,000 | 396,334 | |
Resorts World Las Vegas LLC (A)(B)(D) | 4.625 | 04-16-29 | 200,000 | 160,498 | |
Travel + Leisure Company (A)(D) | 4.625 | 03-01-30 | 145,000 | 125,063 | |
Travel + Leisure Company (A) | 6.600 | 10-01-25 | 111,000 | 111,266 | |
Wyndham Hotels & Resorts, Inc. (A)(D) | 4.375 | 08-15-28 | 101,000 | 93,909 | |
Yum! Brands, Inc. (A) | 3.625 | 03-15-31 | 154,000 | 136,029 | |
Yum! Brands, Inc. (A)(D) | 4.750 | 01-15-30 | 183,000 | 177,020 | |
Household durables 0.3% | |||||
Brookfield Residential Properties, Inc. (A)(D) | 5.000 | 06-15-29 | 117,000 | 92,206 | |
Century Communities, Inc. (A)(D) | 3.875 | 08-15-29 | 157,000 | 137,297 | |
KB Home | 4.000 | 06-15-31 | 178,000 | 154,009 | |
KB Home | 7.250 | 07-15-30 | 46,000 | 47,281 | |
Specialty retail 0.7% | |||||
Asbury Automotive Group, Inc. (A)(D) | 4.625 | 11-15-29 | 38,000 | 33,820 | |
Asbury Automotive Group, Inc. (A) | 4.750 | 03-01-30 | 134,000 | 118,923 | |
AutoNation, Inc. (A) | 4.750 | 06-01-30 | 244,000 | 229,394 | |
Group 1 Automotive, Inc. (A)(D) | 4.000 | 08-15-28 | 107,000 | 94,948 | |
Lithia Motors, Inc. (D) | 3.875 | 06-01-29 | 80,000 | 69,249 | |
Lithia Motors, Inc. (D) | 4.375 | 01-15-31 | 80,000 | 68,703 | |
Lithia Motors, Inc. (D) | 4.625 | 12-15-27 | 40,000 | 37,288 | |
The Michaels Companies, Inc. (A)(D) | 5.250 | 05-01-28 | 253,000 | 208,424 |
8 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Consumer discretionary (continued) | |||||
Specialty retail (continued) | |||||
The Michaels Companies, Inc. (D) | 7.875 | 05-01-29 | 234,000 | $156,864 | |
Consumer staples 2.1% | 3,032,158 | ||||
Beverages 0.2% | |||||
Anheuser-Busch Companies LLC (A) | 4.900 | 02-01-46 | 127,000 | 125,851 | |
Anheuser-Busch InBev Worldwide, Inc. (A) | 4.600 | 04-15-48 | 223,000 | 213,755 | |
Consumer staples distribution and retail 0.2% | |||||
Dollar Tree, Inc. (A) | 4.200 | 05-15-28 | 231,000 | 226,485 | |
Food products 1.6% | |||||
Coruripe Netherlands BV (D) | 10.000 | 02-10-27 | 205,000 | 149,650 | |
JBS USA LUX SA (A)(D) | 3.625 | 01-15-32 | 207,000 | 173,816 | |
JBS USA LUX SA (A)(D) | 3.750 | 12-01-31 | 65,000 | 54,130 | |
JBS USA LUX SA (A)(D) | 5.125 | 02-01-28 | 128,000 | 125,013 | |
JBS USA LUX SA (A)(D) | 5.750 | 04-01-33 | 348,000 | 333,436 | |
Kraft Heinz Foods Company (A) | 4.375 | 06-01-46 | 534,000 | 467,305 | |
Kraft Heinz Foods Company (A) | 4.875 | 10-01-49 | 136,000 | 126,148 | |
Kraft Heinz Foods Company (A) | 5.000 | 06-04-42 | 139,000 | 133,261 | |
MARB BondCo PLC (D) | 3.950 | 01-29-31 | 264,000 | 193,895 | |
NBM US Holdings, Inc. (D) | 6.625 | 08-06-29 | 298,000 | 268,255 | |
Pilgrim’s Pride Corp. | 6.250 | 07-01-33 | 246,000 | 243,346 | |
Household products 0.0% | |||||
Edgewell Personal Care Company (A)(D) | 4.125 | 04-01-29 | 87,000 | 77,067 | |
Personal care products 0.1% | |||||
Oriflame Investment Holding PLC (D) | 5.125 | 05-04-26 | 205,000 | 120,745 | |
Energy 8.4% | 11,851,815 | ||||
Energy equipment and services 0.4% | |||||
CSI Compressco LP (A)(B)(D) | 7.500 | 04-01-25 | 297,000 | 285,863 | |
CSI Compressco LP (A)(D) | 7.500 | 04-01-25 | 88,000 | 84,700 | |
CSI Compressco LP (10.000% Cash or 7.250% Cash and 3.500% PIK) (D) | 10.000 | 04-01-26 | 178,633 | 151,838 | |
Oil, gas and consumable fuels 8.0% | |||||
Aker BP ASA (D) | 3.000 | 01-15-25 | 204,000 | 196,743 | |
Aker BP ASA (D) | 3.100 | 07-15-31 | 298,000 | 253,888 | |
Altera Infrastructure LP (D)(E) | 8.500 | 07-15-23 | 180,000 | 4,500 | |
Antero Midstream Partners LP (D) | 5.375 | 06-15-29 | 182,000 | 170,422 | |
Antero Resources Corp. (A)(B)(D) | 5.375 | 03-01-30 | 69,000 | 64,646 | |
Ascent Resources Utica Holdings LLC (A)(D) | 5.875 | 06-30-29 | 235,000 | 211,062 | |
Cheniere Energy Partners LP (A) | 4.000 | 03-01-31 | 362,000 | 323,782 | |
Cheniere Energy Partners LP (A) | 4.500 | 10-01-29 | 403,000 | 379,157 | |
CNX Resources Corp. (A)(D) | 7.375 | 01-15-31 | 45,000 | 43,417 | |
Continental Resources, Inc. (A) | 4.900 | 06-01-44 | 146,000 | 113,668 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 9 |
Rate (%) | Maturity date | Par value^ | Value | ||
Energy (continued) | |||||
Oil, gas and consumable fuels (continued) | |||||
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (A)(D) | 5.850 | 05-21-43 | 200,000 | $199,880 | |
Diamondback Energy, Inc. (A) | 3.125 | 03-24-31 | 208,000 | 181,933 | |
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) (A) | 5.500 | 07-15-77 | 340,000 | 300,882 | |
Enbridge, Inc. (5.750% to 4-15-30, then 5 Year CMT + 5.314%) (A) | 5.750 | 07-15-80 | 347,000 | 317,650 | |
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) (A) | 6.250 | 03-01-78 | 306,000 | 276,379 | |
Energean Israel Finance, Ltd. (D) | 5.375 | 03-30-28 | 79,000 | 70,630 | |
Energean Israel Finance, Ltd. (D) | 5.875 | 03-30-31 | 138,000 | 120,636 | |
Energy Transfer LP (A) | 4.200 | 04-15-27 | 172,000 | 166,180 | |
Energy Transfer LP (A) | 5.150 | 03-15-45 | 345,000 | 300,720 | |
Energy Transfer LP (A) | 5.250 | 04-15-29 | 674,000 | 676,318 | |
Energy Transfer LP (A) | 5.400 | 10-01-47 | 250,000 | 222,615 | |
Energy Transfer LP (A) | 5.500 | 06-01-27 | 263,000 | 266,821 | |
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (A)(F) | 6.500 | 11-15-26 | 488,000 | 431,880 | |
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) (A) | 5.250 | 08-16-77 | 580,000 | 502,280 | |
EQM Midstream Partners LP (A)(D) | 7.500 | 06-01-27 | 32,000 | 31,885 | |
EQM Midstream Partners LP (A)(D) | 7.500 | 06-01-30 | 18,000 | 17,472 | |
EQT Corp. (A) | 5.678 | 10-01-25 | 60,000 | 59,839 | |
Hess Midstream Operations LP (A)(D) | 4.250 | 02-15-30 | 59,000 | 52,456 | |
Hess Midstream Operations LP (A)(D) | 5.500 | 10-15-30 | 25,000 | 23,268 | |
Kinder Morgan Energy Partners LP (A) | 7.750 | 03-15-32 | 142,000 | 162,118 | |
Leviathan Bond, Ltd. (D) | 6.500 | 06-30-27 | 327,000 | 311,989 | |
Leviathan Bond, Ltd. (D) | 6.750 | 06-30-30 | 64,000 | 59,545 | |
MC Brazil Downstream Trading SARL (D) | 7.250 | 06-30-31 | 201,664 | 154,973 | |
Midwest Connector Capital Company LLC (A)(D) | 3.900 | 04-01-24 | 9,000 | 8,840 | |
MPLX LP (A) | 4.000 | 03-15-28 | 223,000 | 215,451 | |
MPLX LP (A) | 4.125 | 03-01-27 | 79,000 | 77,127 | |
MPLX LP (A) | 4.250 | 12-01-27 | 170,000 | 166,214 | |
MPLX LP (A) | 4.950 | 09-01-32 | 149,000 | 146,260 | |
MPLX LP (A) | 5.000 | 03-01-33 | 152,000 | 149,351 | |
Occidental Petroleum Corp. | 6.450 | 09-15-36 | 229,000 | 243,026 | |
Occidental Petroleum Corp. | 6.600 | 03-15-46 | 126,000 | 134,458 | |
Ovintiv, Inc. (A) | 7.200 | 11-01-31 | 41,000 | 43,865 | |
Parkland Corp. (D) | 4.500 | 10-01-29 | 133,000 | 116,541 | |
Parkland Corp. (D) | 4.625 | 05-01-30 | 130,000 | 113,110 | |
Petroleos Mexicanos | 8.750 | 06-02-29 | 123,000 | 112,980 | |
Sabine Pass Liquefaction LLC (A) | 4.200 | 03-15-28 | 153,000 | 148,199 |
10 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 11 |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Danske Bank A/S (6.466% to 1-9-25, then 1 Year CMT + 2.100%) (A)(D) | 6.466 | 01-09-26 | 265,000 | $266,889 | |
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (F) | 5.100 | 06-30-23 | 173,000 | 156,565 | |
Freedom Mortgage Corp. (A)(D) | 8.125 | 11-15-24 | 139,000 | 133,858 | |
HSBC Holdings PLC (6.375% to 3-30-25, then 5 Year ICE Swap Rate + 4.368%) (A)(F) | 6.375 | 03-30-25 | 200,000 | 189,525 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%) (A)(F) | 4.600 | 02-01-25 | 379,000 | 351,523 | |
JPMorgan Chase & Co. (4.912% to 7-25-32, then SOFR + 2.080%) (A) | 4.912 | 07-25-33 | 345,000 | 343,091 | |
JPMorgan Chase & Co. (5.717% to 9-14-32, then SOFR + 2.580%) (A) | 5.717 | 09-14-33 | 355,000 | 366,483 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (A)(F) | 6.750 | 02-01-24 | 430,000 | 429,484 | |
Lloyds Banking Group PLC (A) | 4.450 | 05-08-25 | 740,000 | 726,776 | |
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (F) | 7.500 | 06-27-24 | 385,000 | 370,299 | |
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (F) | 5.125 | 11-01-26 | 141,000 | 109,201 | |
NatWest Group PLC (5.516% to 9-30-27, then 1 Year CMT + 2.270%) (A) | 5.516 | 09-30-28 | 342,000 | 343,449 | |
NatWest Group PLC (6.000% to 12-29-25, then 5 Year CMT + 5.625%) (F) | 6.000 | 12-29-25 | 393,000 | 368,398 | |
Popular, Inc. | 7.250 | 03-13-28 | 218,000 | 215,818 | |
Santander Holdings USA, Inc. (A) | 3.244 | 10-05-26 | 600,000 | 552,818 | |
Santander Holdings USA, Inc. (A) | 3.450 | 06-02-25 | 585,000 | 554,571 | |
Santander Holdings USA, Inc. (A) | 4.400 | 07-13-27 | 395,000 | 376,317 | |
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A)(B)(D)(F) | 5.375 | 11-18-30 | 269,000 | 188,300 | |
Societe Generale SA (6.446% to 1-10-28, then 1 Year CMT + 2.550%) (A)(D) | 6.446 | 01-10-29 | 472,000 | 481,765 | |
The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (A)(F) | 3.400 | 09-15-26 | 438,000 | 335,103 | |
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (A)(F) | 4.850 | 06-01-23 | 224,000 | 216,440 | |
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (A)(F) | 6.250 | 03-15-30 | 216,000 | 197,964 | |
The PNC Financial Services Group, Inc. (3 month LIBOR + 3.678%) (A)(F)(G) | 8.492 | 08-01-23 | 340,000 | 338,357 | |
Wells Fargo & Company (3.350% to 3-2-32, then SOFR + 1.500%) (A) | 3.350 | 03-02-33 | 690,000 | 602,273 |
12 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Banks (continued) | |||||
Wells Fargo & Company (4.808% to 7-25-27, then SOFR + 1.980%) (A) | 4.808 | 07-25-28 | 621,000 | $615,434 | |
Wells Fargo & Company (4.897% to 7-25-32, then SOFR + 2.100%) (A) | 4.897 | 07-25-33 | 438,000 | 428,636 | |
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (A)(B)(F) | 5.875 | 06-15-25 | 755,000 | 738,556 | |
Capital markets 3.4% | |||||
Ares Capital Corp. (A) | 2.875 | 06-15-28 | 237,000 | 199,137 | |
Ares Capital Corp. (A) | 3.250 | 07-15-25 | 140,000 | 129,727 | |
Ares Capital Corp. (A) | 3.875 | 01-15-26 | 539,000 | 502,402 | |
Ares Capital Corp. (A) | 4.200 | 06-10-24 | 84,000 | 81,870 | |
Blackstone Private Credit Fund (A) | 2.700 | 01-15-25 | 207,000 | 193,132 | |
Blackstone Private Credit Fund (A) | 3.250 | 03-15-27 | 60,000 | 51,704 | |
Blackstone Private Credit Fund (A) | 4.000 | 01-15-29 | 291,000 | 245,562 | |
Blackstone Private Credit Fund (A)(D) | 7.050 | 09-29-25 | 250,000 | 250,346 | |
Deutsche Bank AG (3.742% to 10-7-31, then SOFR + 2.257%) (A) | 3.742 | 01-07-33 | 339,000 | 247,031 | |
Deutsche Bank AG (6.720% to 1-18-28, then SOFR + 3.180%) (A) | 6.720 | 01-18-29 | 205,000 | 208,436 | |
Lazard Group LLC (A) | 4.375 | 03-11-29 | 230,000 | 219,353 | |
Macquarie Bank, Ltd. (A)(D) | 3.624 | 06-03-30 | 246,000 | 210,571 | |
Macquarie Bank, Ltd. (A)(D) | 4.875 | 06-10-25 | 217,000 | 213,065 | |
Morgan Stanley (A) | 3.875 | 01-27-26 | 219,000 | 213,772 | |
Morgan Stanley (5.948% to 1-19-33, then 5 Year CMT + 2.430%) (A) | 5.948 | 01-19-38 | 531,000 | 533,819 | |
MSCI, Inc. (D) | 3.250 | 08-15-33 | 158,000 | 128,375 | |
MSCI, Inc. (D) | 3.625 | 11-01-31 | 170,000 | 144,524 | |
The Goldman Sachs Group, Inc. (4.482% to 8-23-27, then SOFR + 1.725%) (A) | 4.482 | 08-23-28 | 988,000 | 969,364 | |
Consumer finance 0.4% | |||||
Ally Financial, Inc. (A) | 7.100 | 11-15-27 | 170,000 | 175,567 | |
Enova International, Inc. (A)(D) | 8.500 | 09-15-25 | 260,000 | 249,410 | |
OneMain Finance Corp. | 6.875 | 03-15-25 | 75,000 | 73,371 | |
Financial services 0.2% | |||||
Block, Inc. (A)(B) | 3.500 | 06-01-31 | 96,000 | 78,211 | |
Nationstar Mortgage Holdings, Inc. (A)(D) | 5.125 | 12-15-30 | 71,000 | 58,156 | |
Nationstar Mortgage Holdings, Inc. (A)(D) | 5.500 | 08-15-28 | 147,000 | 131,198 | |
Nationstar Mortgage Holdings, Inc. (A)(D) | 6.000 | 01-15-27 | 75,000 | 71,063 | |
Insurance 1.6% | |||||
Athene Holding, Ltd. (A) | 3.500 | 01-15-31 | 162,000 | 134,178 | |
CNA Financial Corp. (A) | 3.900 | 05-01-29 | 150,000 | 142,519 | |
CNO Financial Group, Inc. (A) | 5.250 | 05-30-25 | 137,000 | 135,726 | |
CNO Financial Group, Inc. (A) | 5.250 | 05-30-29 | 384,000 | 365,488 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 13 |
14 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Aerospace and defense (continued) | |||||
Huntington Ingalls Industries, Inc. (A) | 4.200 | 05-01-30 | 190,000 | $179,250 | |
The Boeing Company (A) | 3.200 | 03-01-29 | 164,000 | 150,183 | |
The Boeing Company (A) | 5.040 | 05-01-27 | 480,000 | 482,299 | |
The Boeing Company (A) | 5.150 | 05-01-30 | 651,000 | 656,010 | |
Building products 0.5% | |||||
Builders FirstSource, Inc. (A)(D) | 4.250 | 02-01-32 | 225,000 | 197,141 | |
Builders FirstSource, Inc. (A)(D) | 5.000 | 03-01-30 | 34,000 | 31,744 | |
Builders FirstSource, Inc. (A)(D) | 6.375 | 06-15-32 | 135,000 | 134,286 | |
Owens Corning (A) | 3.950 | 08-15-29 | 282,000 | 268,131 | |
Commercial services and supplies 0.3% | |||||
APX Group, Inc. (A)(D) | 5.750 | 07-15-29 | 201,000 | 179,552 | |
Prime Security Services Borrower LLC (D) | 3.375 | 08-31-27 | 47,000 | 42,001 | |
Prime Security Services Borrower LLC (A)(D) | 6.250 | 01-15-28 | 163,000 | 152,655 | |
Construction and engineering 0.2% | |||||
Global Infrastructure Solutions, Inc. (A)(D) | 5.625 | 06-01-29 | 200,000 | 166,643 | |
MasTec, Inc. (A)(D) | 4.500 | 08-15-28 | 147,000 | 136,057 | |
Electrical equipment 0.2% | |||||
Regal Rexnord Corp. (D) | 6.050 | 02-15-26 | 181,000 | 183,555 | |
Regal Rexnord Corp. (D) | 6.400 | 04-15-33 | 155,000 | 158,067 | |
Ground transportation 0.6% | |||||
Uber Technologies, Inc. (A)(D) | 4.500 | 08-15-29 | 320,000 | 294,267 | |
Uber Technologies, Inc. (A)(D) | 7.500 | 05-15-25 | 228,000 | 231,420 | |
Uber Technologies, Inc. (A)(D) | 7.500 | 09-15-27 | 292,000 | 301,193 | |
Machinery 0.2% | |||||
Flowserve Corp. (A) | 3.500 | 10-01-30 | 184,000 | 162,383 | |
Hillenbrand, Inc. (A) | 3.750 | 03-01-31 | 85,000 | 72,677 | |
JB Poindexter & Company, Inc. (A)(D) | 7.125 | 04-15-26 | 99,000 | 95,534 | |
Passenger airlines 4.3% | |||||
Air Canada 2013-1 Class A Pass Through Trust (A)(D) | 4.125 | 05-15-25 | 156,957 | 147,932 | |
Air Canada 2017-1 Class B Pass Through Trust (A)(D) | 3.700 | 01-15-26 | 179,048 | 166,514 | |
Air Canada 2020-1 Class C Pass Through Trust (D) | 10.500 | 07-15-26 | 63,000 | 66,780 | |
Alaska Airlines 2020-1 Class B Pass Through Trust (A)(D) | 8.000 | 08-15-25 | 113,105 | 114,236 | |
American Airlines 2015-1 Class A Pass Through Trust | 3.375 | 05-01-27 | 646,450 | 559,180 | |
American Airlines 2015-1 Class B Pass Through Trust | 3.700 | 05-01-23 | 132,660 | 132,527 | |
American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 285,221 | 253,710 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 15 |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Passenger airlines (continued) | |||||
American Airlines 2016-3 Class A Pass Through Trust | 3.250 | 10-15-28 | 33,445 | $28,835 | |
American Airlines 2017-1 Class A Pass Through Trust (A) | 4.000 | 02-15-29 | 138,450 | 120,452 | |
American Airlines 2017-1 Class AA Pass Through Trust (A) | 3.650 | 02-15-29 | 213,000 | 191,700 | |
American Airlines 2017-2 Class A Pass Through Trust (A) | 3.600 | 10-15-29 | 174,324 | 146,432 | |
American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 267,931 | 218,364 | |
American Airlines 2019-1 Class AA Pass Through Trust (A) | 3.150 | 02-15-32 | 216,857 | 186,497 | |
American Airlines 2019-1 Class B Pass Through Trust (A) | 3.850 | 02-15-28 | 87,179 | 76,119 | |
American Airlines 2021-1 Class A Pass Through Trust (A) | 2.875 | 07-11-34 | 150,844 | 123,692 | |
American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 158,530 | 136,336 | |
British Airways 2013-1 Class A Pass Through Trust (A)(D) | 4.625 | 06-20-24 | 209,612 | 205,944 | |
British Airways 2018-1 Class A Pass Through Trust (A)(D) | 4.125 | 09-20-31 | 103,522 | 91,099 | |
British Airways 2020-1 Class A Pass Through Trust (A)(D) | 4.250 | 11-15-32 | 91,336 | 84,029 | |
British Airways 2020-1 Class B Pass Through Trust (A)(D) | 8.375 | 11-15-28 | 64,887 | 64,238 | |
Delta Air Lines, Inc. (A)(B) | 4.375 | 04-19-28 | 250,000 | 235,625 | |
Delta Air Lines, Inc. (A)(D) | 4.500 | 10-20-25 | 65,833 | 64,560 | |
Delta Air Lines, Inc. (A)(D) | 4.750 | 10-20-28 | 292,848 | 284,386 | |
JetBlue 2019-1 Class AA Pass Through Trust (A) | 2.750 | 05-15-32 | 234,653 | 199,677 | |
United Airlines 2014-2 Class A Pass Through Trust (A) | 3.750 | 09-03-26 | 308,293 | 286,713 | |
United Airlines 2016-1 Class A Pass Through Trust (A) | 3.450 | 07-07-28 | 291,724 | 250,882 | |
United Airlines 2016-1 Class B Pass Through Trust (A) | 3.650 | 01-07-26 | 264,153 | 240,379 | |
United Airlines 2018-1 Class B Pass Through Trust (A) | 4.600 | 03-01-26 | 109,411 | 102,210 | |
United Airlines 2019-1 Class A Pass Through Trust (A) | 4.550 | 08-25-31 | 219,304 | 197,373 | |
United Airlines 2020-1 Class A Pass Through Trust (A) | 5.875 | 10-15-27 | 513,140 | 509,291 | |
United Airlines 2020-1 Class B Pass Through Trust (A) | 4.875 | 01-15-26 | 155,495 | 149,470 | |
United Airlines, Inc. (A)(D) | 4.375 | 04-15-26 | 23,000 | 21,965 | |
United Airlines, Inc. (A)(D) | 4.625 | 04-15-29 | 53,000 | 47,966 |
16 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Industrials (continued) | |||||
Passenger airlines (continued) | |||||
US Airways 2011-1 Class A Pass Through Trust (A) | 7.125 | 10-22-23 | 111,207 | $108,763 | |
US Airways 2012-1 Class A Pass Through Trust (A) | 5.900 | 10-01-24 | 121,261 | 119,897 | |
US Airways 2012-2 Class A Pass Through Trust (A) | 4.625 | 06-03-25 | 116,357 | 108,794 | |
Professional services 0.2% | |||||
CoStar Group, Inc. (A)(D) | 2.800 | 07-15-30 | 412,000 | 344,765 | |
Trading companies and distributors 2.1% | |||||
AerCap Ireland Capital DAC | 3.000 | 10-29-28 | 465,000 | 404,838 | |
AerCap Ireland Capital DAC | 3.650 | 07-21-27 | 400,000 | 372,192 | |
AerCap Ireland Capital DAC | 3.875 | 01-23-28 | 1,137,000 | 1,055,685 | |
Air Lease Corp. (A) | 2.875 | 01-15-26 | 171,000 | 159,765 | |
Air Lease Corp. (A) | 3.625 | 12-01-27 | 164,000 | 152,125 | |
Air Lease Corp. (A) | 5.850 | 12-15-27 | 135,000 | 136,607 | |
Ashtead Capital, Inc. (A)(D) | 5.500 | 08-11-32 | 200,000 | 197,546 | |
Beacon Roofing Supply, Inc. (A)(D) | 4.125 | 05-15-29 | 151,000 | 132,096 | |
United Rentals North America, Inc. (A) | 3.875 | 11-15-27 | 146,000 | 136,932 | |
United Rentals North America, Inc. (A) | 4.875 | 01-15-28 | 169,000 | 162,375 | |
Information technology 5.5% | 7,777,181 | ||||
Communications equipment 0.5% | |||||
Motorola Solutions, Inc. (A) | 4.600 | 05-23-29 | 114,000 | 112,149 | |
Motorola Solutions, Inc. (A) | 5.600 | 06-01-32 | 600,000 | 609,357 | |
IT services 0.4% | |||||
Gartner, Inc. (A)(D) | 4.500 | 07-01-28 | 287,000 | 269,715 | |
Sabre GLBL, Inc. (A)(D) | 7.375 | 09-01-25 | 161,000 | 143,089 | |
VeriSign, Inc. (A) | 2.700 | 06-15-31 | 157,000 | 133,716 | |
Semiconductors and semiconductor equipment 2.5% | |||||
Broadcom, Inc. (A)(D) | 3.419 | 04-15-33 | 408,000 | 343,389 | |
Broadcom, Inc. (A) | 4.750 | 04-15-29 | 976,000 | 966,798 | |
Broadcom, Inc. (A)(D) | 4.926 | 05-15-37 | 174,000 | 158,826 | |
KLA Corp. (A) | 4.100 | 03-15-29 | 173,000 | 170,908 | |
Micron Technology, Inc. (A) | 4.185 | 02-15-27 | 762,000 | 734,780 | |
Micron Technology, Inc. (A) | 5.327 | 02-06-29 | 697,000 | 694,064 | |
NXP BV | 3.875 | 06-18-26 | 372,000 | 360,052 | |
Qorvo, Inc. (D) | 3.375 | 04-01-31 | 187,000 | 151,848 | |
Software 0.8% | |||||
Autodesk, Inc. (A) | 2.850 | 01-15-30 | 133,000 | 118,717 | |
Consensus Cloud Solutions, Inc. (A)(D) | 6.500 | 10-15-28 | 119,000 | 104,125 | |
Oracle Corp. (A) | 6.150 | 11-09-29 | 345,000 | 366,067 | |
Oracle Corp. (A) | 6.250 | 11-09-32 | 531,000 | 573,291 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 17 |
18 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Real estate (continued) | |||||
Hotel and resort REITs (continued) | |||||
RHP Hotel Properties LP (A)(D) | 4.500 | 02-15-29 | 180,000 | $162,081 | |
XHR LP (A)(D) | 4.875 | 06-01-29 | 82,000 | 71,169 | |
Residential REITs 0.1% | |||||
American Homes 4 Rent LP (A) | 4.250 | 02-15-28 | 154,000 | 145,849 | |
Specialized REITs 2.0% | |||||
American Tower Corp. (A) | 3.550 | 07-15-27 | 215,000 | 203,980 | |
American Tower Corp. (A) | 3.800 | 08-15-29 | 671,000 | 630,403 | |
American Tower Trust I (D) | 5.490 | 03-15-28 | 300,000 | 306,372 | |
Crown Castle, Inc. (A) | 3.800 | 02-15-28 | 175,000 | 167,605 | |
Extra Space Storage LP (A) | 5.700 | 04-01-28 | 79,000 | 80,833 | |
GLP Capital LP (A) | 3.250 | 01-15-32 | 119,000 | 97,581 | |
GLP Capital LP | 4.000 | 01-15-30 | 121,000 | 107,320 | |
GLP Capital LP (A) | 5.375 | 04-15-26 | 231,000 | 228,654 | |
Iron Mountain Information Management Services, Inc. (A)(D) | 5.000 | 07-15-32 | 54,000 | 47,304 | |
Iron Mountain, Inc. (A)(D) | 4.875 | 09-15-29 | 113,000 | 103,064 | |
Iron Mountain, Inc. (A)(D) | 5.250 | 07-15-30 | 130,000 | 119,733 | |
SBA Tower Trust (D) | 6.599 | 01-15-28 | 96,000 | 100,683 | |
VICI Properties LP (A)(D) | 3.875 | 02-15-29 | 151,000 | 135,692 | |
VICI Properties LP (A)(D) | 4.125 | 08-15-30 | 155,000 | 138,193 | |
VICI Properties LP (A)(D) | 4.625 | 12-01-29 | 279,000 | 259,138 | |
VICI Properties LP (A) | 5.125 | 05-15-32 | 62,000 | 59,169 | |
Utilities 3.0% | 4,197,650 | ||||
Electric utilities 2.2% | |||||
Atlantica Transmision Sur SA (D) | 6.875 | 04-30-43 | 233,125 | 219,138 | |
Duke Energy Corp. (A) | 2.450 | 06-01-30 | 87,000 | 74,760 | |
Emera US Finance LP (A) | 3.550 | 06-15-26 | 130,000 | 124,420 | |
FirstEnergy Corp. | 2.650 | 03-01-30 | 165,000 | 142,517 | |
FirstEnergy Corp. | 3.400 | 03-01-50 | 69,000 | 48,346 | |
Instituto Costarricense de Electricidad (A)(B)(D) | 6.375 | 05-15-43 | 215,000 | 177,375 | |
NextEra Energy Capital Holdings, Inc. (A) | 5.000 | 07-15-32 | 90,000 | 90,827 | |
NextEra Energy Capital Holdings, Inc. (A) | 6.051 | 03-01-25 | 71,000 | 72,180 | |
NRG Energy, Inc. (D) | 3.375 | 02-15-29 | 47,000 | 39,799 | |
NRG Energy, Inc. (D) | 3.625 | 02-15-31 | 132,000 | 106,852 | |
NRG Energy, Inc. (D) | 3.875 | 02-15-32 | 291,000 | 234,968 | |
NRG Energy, Inc. (A)(D) | 4.450 | 06-15-29 | 194,000 | 177,929 | |
NRG Energy, Inc. | 5.750 | 01-15-28 | 250,000 | 243,763 | |
NRG Energy, Inc. (A)(D) | 7.000 | 03-15-33 | 240,000 | 249,005 | |
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (A)(D)(F) | 10.250 | 03-15-28 | 189,000 | 185,424 | |
Vistra Operations Company LLC (A)(D) | 3.700 | 01-30-27 | 486,000 | 453,674 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 19 |
20 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
BPR Trust | |||||
Series 2022-OANA, Class A (1 month CME Term SOFR + 1.898%) (D)(G) | 6.788 | 04-15-37 | 488,000 | $475,152 | |
BWAY Mortgage Trust | |||||
Series 2015-1740, Class XA IO (D) | 0.205 | 01-10-35 | 6,885,000 | 839 | |
BX Commercial Mortgage Trust | |||||
Series 2020-VKNG, Class A (1 month CME Term SOFR + 1.044%) (D)(G) | 5.934 | 10-15-37 | 85,276 | 83,779 | |
Series 2021-VOLT, Class C (1 month LIBOR + 1.100%) (D)(G) | 6.048 | 09-15-36 | 223,000 | 211,834 | |
BX Trust | |||||
Series 2022-CLS, Class A (D) | 5.760 | 10-13-27 | 221,000 | 216,546 | |
CAMB Commercial Mortgage Trust | |||||
Series 2019-LIFE, Class F (1 month LIBOR + 2.550%) (D)(G) | 7.498 | 12-15-37 | 146,000 | 139,544 | |
Citigroup Commercial Mortgage Trust | |||||
Series 2019-SMRT, Class A (D) | 4.149 | 01-10-36 | 123,000 | 120,640 | |
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG) | |||||
Series 2012-CR3, Class XA IO | 1.382 | 10-15-45 | 220,850 | 22 | |
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) | |||||
Series 2018-COR3, Class XA IO | 0.573 | 05-10-51 | 3,801,063 | 69,399 | |
Commercial Mortgage Trust (Deutsche Bank AG) | |||||
Series 2013-300P, Class D (D)(I) | 4.540 | 08-10-30 | 340,000 | 282,200 | |
Series 2020-CBM, Class A2 (D) | 2.896 | 02-10-37 | 208,000 | 195,086 | |
Credit Suisse Mortgage Capital Certificates | |||||
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (D)(G) | 6.548 | 05-15-36 | 349,131 | 343,635 | |
Ellington Financial Mortgage Trust | |||||
Series 2023-1, Class A1 (D) | 5.732 | 02-25-68 | 488,929 | 488,842 | |
Flagstar Mortgage Trust | |||||
Series 2021-1, Class A2 (D)(I) | 2.500 | 02-01-51 | 355,441 | 292,045 | |
GCAT Trust | |||||
Series 2023-NQM2, Class A1 (D) | 5.837 | 11-25-67 | 487,997 | 488,547 | |
GS Mortgage Securities Trust | |||||
Series 2017-485L, Class C (D)(I) | 4.115 | 02-10-37 | 240,000 | 206,514 | |
Series 2020-UPTN, Class A (D) | 2.751 | 02-10-37 | 192,000 | 177,515 | |
HarborView Mortgage Loan Trust | |||||
Series 2007-3, Class ES IO (D) | 0.350 | 05-19-47 | 2,469,368 | 25,820 | |
Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 2,552,712 | 33,584 | |
Series 2007-6, Class ES IO (D) | 0.343 | 08-19-37 | 2,603,427 | 32,361 | |
Imperial Fund Mortgage Trust | |||||
Series 2023-NQM1, Class A1 (D) | 5.941 | 02-25-68 | 487,023 | 486,686 | |
IMT Trust | |||||
Series 2017-APTS, Class CFX (D)(I) | 3.613 | 06-15-34 | 190,000 | 181,513 | |
Irvine Core Office Trust | |||||
Series 2013-IRV, Class A2 (D)(I) | 3.279 | 05-15-48 | 245,000 | 237,529 | |
JPMorgan Chase Commercial Mortgage Securities Trust |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 21 |
Rate (%) | Maturity date | Par value^ | Value | ||
Commercial and residential (continued) | |||||
Series 2020-NNN, Class AFX (D) | 2.812 | 01-16-37 | 195,000 | $177,657 | |
KNDL Mortgage Trust | |||||
Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) (D)(G) | 6.298 | 05-15-36 | 144,000 | 141,219 | |
Life Mortgage Trust | |||||
Series 2021-BMR, Class A (1 month CME Term SOFR + 0.814%) (D)(G) | 5.704 | 03-15-38 | 114,025 | 110,983 | |
Series 2021-BMR, Class D (1 month CME Term SOFR + 1.514%) (D)(G) | 6.404 | 03-15-38 | 216,253 | 206,481 | |
Series 2022-BMR2, Class A1 (1 month CME Term SOFR + 1.295%) (D)(G) | 6.185 | 05-15-39 | 484,000 | 473,836 | |
Natixis Commercial Mortgage Securities Trust | |||||
Series 2018-285M, Class D (D)(I) | 3.917 | 11-15-32 | 100,000 | 69,419 | |
Series 2018-ALXA, Class C (D)(I) | 4.460 | 01-15-43 | 175,000 | 149,366 | |
New Residential Mortgage Loan Trust | |||||
Series 2022-NQM4, Class A1 (D) | 5.000 | 06-25-62 | 561,182 | 548,596 | |
NYMT Loan Trust | |||||
Series 2022-CP1, Class A1 (D) | 2.042 | 07-25-61 | 111,847 | 101,528 | |
OBX Trust | |||||
Series 2020-EXP2, Class A3 (D)(I) | 2.500 | 05-25-60 | 84,784 | 71,398 | |
Series 2022-NQM7, Class A1 (D) | 5.110 | 08-25-62 | 537,453 | 530,742 | |
One Market Plaza Trust | |||||
Series 2017-1MKT, Class D (D) | 4.146 | 02-10-32 | 190,000 | 166,179 | |
SLG Office Trust | |||||
Series 2021-OVA, Class D (D) | 2.851 | 07-15-41 | 270,000 | 201,235 | |
Starwood Mortgage Residential Trust | |||||
Series 2022-1, Class A1 (D)(I) | 2.447 | 12-25-66 | 252,554 | 218,504 | |
Series 2022-4, Class A1 (D) | 5.192 | 05-25-67 | 465,375 | 458,889 | |
Towd Point Mortgage Trust | |||||
Series 2015-1, Class A5 (D)(I) | 3.956 | 10-25-53 | 125,000 | 121,356 | |
Series 2015-2, Class 1M2 (D)(I) | 3.548 | 11-25-60 | 207,006 | 202,848 | |
Series 2017-2, Class A1 (D)(I) | 2.750 | 04-25-57 | 6,904 | 6,806 | |
Series 2018-1, Class A1 (D)(I) | 3.000 | 01-25-58 | 42,822 | 41,557 | |
Series 2018-4, Class A1 (D)(I) | 3.000 | 06-25-58 | 186,902 | 173,752 | |
Series 2018-5, Class A1A (D)(I) | 3.250 | 07-25-58 | 29,439 | 28,345 | |
Series 2019-1, Class A1 (D)(I) | 3.750 | 03-25-58 | 135,821 | 129,375 | |
Series 2019-4, Class A1 (D)(I) | 2.900 | 10-25-59 | 150,469 | 141,105 | |
Series 2020-4, Class A1 (D) | 1.750 | 10-25-60 | 183,342 | 160,780 | |
Verus Securitization Trust | |||||
Series 2023-INV1, Class A1 (D) | 5.999 | 02-25-68 | 1,953,298 | 1,959,843 | |
U.S. Government Agency 2.5% | 3,576,189 | ||||
Federal Home Loan Mortgage Corp. | |||||
Series 2022-DNA2, Class M1B (1 month SOFR + 2.400%) (D)(G) | 7.215 | 02-25-42 | 270,000 | 265,953 | |
Series 2022-DNA3, Class M1B (1 month SOFR + 2.900%) (D)(G) | 7.715 | 04-25-42 | 164,000 | 163,590 | |
Series 2022-DNA4, Class M1B (1 month SOFR + 3.350%) (D)(G) | 8.165 | 05-25-42 | 250,000 | 253,750 |
22 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
U.S. Government Agency (continued) | |||||
Series 2022-DNA5, Class M1B (1 month SOFR + 4.500%) (D)(G) | 9.315 | 06-25-42 | 272,000 | $288,243 | |
Federal National Mortgage Association | |||||
Series 427, Class C20 IO | 2.000 | 02-25-51 | 1,639,467 | 217,247 | |
Series 427, Class C77 IO | 2.500 | 09-25-51 | 776,360 | 114,272 | |
Government National Mortgage Association | |||||
Series 2012-114, Class IO | 0.608 | 01-16-53 | 468,099 | 7,148 | |
Series 2016-174, Class IO | 0.892 | 11-16-56 | 657,509 | 26,648 | |
Series 2017-109, Class IO | 0.230 | 04-16-57 | 766,504 | 14,339 | |
Series 2017-124, Class IO | 0.620 | 01-16-59 | 744,526 | 22,538 | |
Series 2017-135, Class IO | 0.720 | 10-16-58 | 1,191,446 | 48,601 | |
Series 2017-140, Class IO | 0.486 | 02-16-59 | 580,178 | 19,296 | |
Series 2017-20, Class IO | 0.531 | 12-16-58 | 1,305,090 | 33,234 | |
Series 2017-22, Class IO | 0.758 | 12-16-57 | 365,728 | 13,430 | |
Series 2017-46, Class IO | 0.697 | 11-16-57 | 1,119,127 | 41,789 | |
Series 2017-61, Class IO | 0.745 | 05-16-59 | 631,259 | 23,392 | |
Series 2017-74, Class IO | 0.447 | 09-16-58 | 1,151,410 | 26,537 | |
Series 2018-114, Class IO | 0.710 | 04-16-60 | 816,210 | 32,893 | |
Series 2018-158, Class IO | 0.773 | 05-16-61 | 1,248,317 | 61,986 | |
Series 2018-35, Class IO | 0.530 | 03-16-60 | 1,643,650 | 60,479 | |
Series 2018-43, Class IO | 0.438 | 05-16-60 | 2,061,480 | 68,537 | |
Series 2018-69, Class IO | 0.611 | 04-16-60 | 675,518 | 31,007 | |
Series 2018-9, Class IO | 0.443 | 01-16-60 | 1,204,476 | 36,980 | |
Series 2019-131, Class IO | 0.802 | 07-16-61 | 928,962 | 51,273 | |
Series 2020-100, Class IO | 0.783 | 05-16-62 | 1,088,516 | 64,359 | |
Series 2020-108, Class IO | 0.847 | 06-16-62 | 1,223,334 | 72,993 | |
Series 2020-114, Class IO | 0.800 | 09-16-62 | 2,604,698 | 160,681 | |
Series 2020-118, Class IO | 0.881 | 06-16-62 | 1,895,299 | 118,028 | |
Series 2020-119, Class IO | 0.602 | 08-16-62 | 1,076,191 | 54,275 | |
Series 2020-120, Class IO | 0.761 | 05-16-62 | 597,388 | 35,060 | |
Series 2020-137, Class IO | 0.795 | 09-16-62 | 3,000,767 | 170,875 | |
Series 2020-150, Class IO | 0.961 | 12-16-62 | 1,673,507 | 119,845 | |
Series 2020-170, Class IO | 0.833 | 11-16-62 | 2,240,030 | 143,298 | |
Series 2021-203, Class IO | 0.869 | 07-16-63 | 1,791,054 | 119,668 | |
Series 2021-3, Class IO | 0.867 | 09-16-62 | 2,878,750 | 186,774 | |
Series 2021-40, Class IO | 0.824 | 02-16-63 | 705,531 | 45,239 | |
Series 2022-150, Class IO | 0.823 | 06-16-64 | 257,200 | 17,385 | |
Series 2022-17, Class IO | 0.802 | 06-16-64 | 1,513,041 | 101,066 | |
Series 2022-181, Class IO | 0.715 | 07-16-64 | 792,915 | 59,049 | |
Series 2022-21, Class IO | 0.783 | 10-16-63 | 661,940 | 42,968 | |
Series 2022-53, Class IO | 0.712 | 06-16-64 | 2,523,043 | 141,464 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 23 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities 11.1% (6.6% of Total investments) | $15,644,826 | ||||
(Cost $17,169,125) | |||||
Asset backed securities 11.1% | 15,644,826 | ||||
ABPCI Direct Lending Fund I, Ltd. | |||||
Series 2020-1A, Class A (D) | 3.199 | 12-20-30 | 105,000 | 97,587 | |
Aligned Data Centers Issuer LLC | |||||
Series 2021-1A, Class A2 (D) | 1.937 | 08-15-46 | 535,000 | 475,022 | |
Ally Auto Receivables Trust | |||||
Series 2022-3, Class A4 | 5.070 | 06-15-31 | 500,000 | 506,773 | |
Applebee’s Funding LLC | |||||
Series 2023-1A, Class A2 (D) | 7.824 | 03-05-53 | 146,000 | 147,349 | |
Aqua Finance Trust | |||||
Series 2021-A, Class A (D) | 1.540 | 07-17-46 | 105,344 | 94,665 | |
Arby’s Funding LLC | |||||
Series 2020-1A, Class A2 (D) | 3.237 | 07-30-50 | 379,275 | 335,093 | |
Avis Budget Rental Car Funding AESOP LLC | |||||
Series 2023-1A, Class A (D) | 5.250 | 04-20-29 | 580,000 | 584,671 | |
CARS-DB4 LP | |||||
Series 2020-1A, Class B1 (D) | 4.170 | 02-15-50 | 293,000 | 275,018 | |
CF Hippolyta Issuer LLC | |||||
Series 2020-1, Class A1 (D) | 1.690 | 07-15-60 | 365,178 | 331,359 | |
Series 2021-1A, Class A1 (D) | 1.530 | 03-15-61 | 363,785 | 319,889 | |
Chase Auto Credit Linked Notes | |||||
Series 2021-3, Class B (D) | 0.760 | 02-26-29 | 101,242 | 95,942 | |
CLI Funding VI LLC | |||||
Series 2020-1A, Class A (D) | 2.080 | 09-18-45 | 381,290 | 338,093 | |
CLI Funding VIII LLC | |||||
Series 2021-1A, Class A (D) | 1.640 | 02-18-46 | 342,773 | 298,384 | |
Series 2022-1A, Class A (D) | 2.720 | 01-18-47 | 213,952 | 187,837 | |
ContiMortgage Home Equity Loan Trust | |||||
Series 1995-2, Class A5 | 8.100 | 08-15-25 | 15,003 | 14,847 | |
CyrusOne Data Centers Issuer I LLC | |||||
Series 2023-1A, Class A2 (D) | 4.300 | 04-20-48 | 291,000 | 264,126 | |
DB Master Finance LLC | |||||
Series 2017-1A, Class A2II (D) | 4.030 | 11-20-47 | 161,500 | 151,737 | |
Diamond Infrastructure Funding LLC | |||||
Series 2021-1A, Class C (D) | 3.475 | 04-15-49 | 80,000 | 64,208 | |
Domino’s Pizza Master Issuer LLC | |||||
Series 2017-1A, Class A23 (D) | 4.118 | 07-25-47 | 506,913 | 478,928 | |
Series 2021-1A, Class A2I (D) | 2.662 | 04-25-51 | 261,660 | 226,044 | |
Driven Brands Funding LLC | |||||
Series 2020-2A, Class A2 (D) | 3.237 | 01-20-51 | 273,700 | 235,446 | |
Series 2021-1A, Class A2 (D) | 2.791 | 10-20-51 | 329,975 | 272,031 | |
FirstKey Homes Trust | |||||
Series 2021-SFR1, Class D (D) | 2.189 | 08-17-38 | 264,000 | 228,847 | |
Five Guys Funding LLC | |||||
Series 2017-1A, Class A2 (D) | 4.600 | 07-25-47 | 193,060 | 188,480 | |
Ford Credit Auto Owner Trust | |||||
Series 2022-D, Class A3 | 5.270 | 05-17-27 | 500,000 | 505,205 |
24 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
GM Financial Consumer Automobile Receivables Trust | |||||
Series 2023-1, Class A4 | 4.590 | 07-17-28 | 290,000 | $291,279 | |
Golub Capital Partners Funding, Ltd. | |||||
Series 2020-1A, Class A2 (D) | 3.208 | 01-22-29 | 297,000 | 274,949 | |
Series 2021-1A, Class A2 (D) | 2.773 | 04-20-29 | 268,000 | 248,557 | |
HI-FI Music IP Issuer LP | |||||
Series 2022-1A, Class A2 (D) | 3.939 | 02-01-62 | 240,000 | 222,795 | |
Hilton Grand Vacations Trust | |||||
Series 2018-AA, Class A (D) | 3.540 | 02-25-32 | 50,130 | 48,593 | |
Jack in the Box Funding LLC | |||||
Series 2019-1A, Class A23 (D) | 4.970 | 08-25-49 | 96,040 | 88,283 | |
Series 2022-1A, Class A2I (D) | 3.445 | 02-26-52 | 297,920 | 266,298 | |
Laurel Road Prime Student Loan Trust | |||||
Series 2019-A, Class A2FX (D) | 2.730 | 10-25-48 | 17,083 | 16,556 | |
Mercedes-Benz Auto Receivables Trust | |||||
Series 2022-1, Class A4 | 5.250 | 02-15-29 | 500,000 | 511,167 | |
Series 2023-1, Class A4 | 4.310 | 04-16-29 | 290,000 | 289,024 | |
MetroNet Infrastructure Issuer LLC | |||||
Series 2023-1A, Class A2 (D) | 6.560 | 04-20-53 | 170,000 | 169,672 | |
MVW LLC | |||||
Series 2020-1A, Class D (D) | 7.140 | 10-20-37 | 968,504 | 929,435 | |
MVW Owner Trust | |||||
Series 2018-1A, Class A (D) | 3.450 | 01-21-36 | 80,483 | 78,327 | |
Navient Private Education Refi Loan Trust | |||||
Series 2019-FA, Class A2 (D) | 2.600 | 08-15-68 | 120,604 | 111,937 | |
Neighborly Issuer LLC | |||||
Series 2021-1A, Class A2 (D) | 3.584 | 04-30-51 | 467,670 | 395,304 | |
Series 2022-1A, Class A2 (D) | 3.695 | 01-30-52 | 210,338 | 175,046 | |
New Economy Assets Phase 1 Sponsor LLC | |||||
Series 2021-1, Class A1 (D) | 1.910 | 10-20-61 | 461,000 | 400,306 | |
Series 2021-1, Class B1 (D) | 2.410 | 10-20-61 | 139,000 | 117,180 | |
NRZ Excess Spread-Collateralized Notes | |||||
Series 2021-FHT1, Class A (D) | 3.104 | 07-25-26 | 66,342 | 59,534 | |
Progress Residential Trust | |||||
Series 2021-SFR8, Class B (D) | 1.681 | 10-17-38 | 165,000 | 143,891 | |
Sesac Finance LLC | |||||
Series 2019-1, Class A2 (D) | 5.216 | 07-25-49 | 348,425 | 329,227 | |
SMB Private Education Loan Trust | |||||
Series 2019-B, Class A2A (D) | 2.840 | 06-15-37 | 219,276 | 207,357 | |
Series 2020-PTA, Class A2A (D) | 1.600 | 09-15-54 | 183,768 | 165,692 | |
Series 2021-A, Class APT2 (D) | 1.070 | 01-15-53 | 137,936 | 121,931 | |
Sonic Capital LLC | |||||
Series 2020-1A, Class A2I (D) | 3.845 | 01-20-50 | 308,547 | 284,308 | |
Series 2021-1A, Class A2I (D) | 2.190 | 08-20-51 | 235,216 | 193,534 | |
Sunbird Engine Finance LLC | |||||
Series 2020-1A, Class A (D) | 3.671 | 02-15-45 | 181,439 | 153,071 | |
Taco Bell Funding LLC | |||||
Series 2021-1A, Class A2I (D) | 1.946 | 08-25-51 | 499,675 | 438,197 | |
TIF Funding II LLC |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 25 |
Rate (%) | Maturity date | Par value^ | Value | ||
Asset backed securities (continued) | |||||
Series 2021-1A, Class A (D) | 1.650 | 02-20-46 | 201,972 | $171,041 | |
Triton Container Finance VIII LLC | |||||
Series 2020-1A, Class A (D) | 2.110 | 09-20-45 | 501,808 | 440,629 | |
Series 2021-1A, Class A (D) | 1.860 | 03-20-46 | 277,323 | 239,275 | |
Vantage Data Centers LLC | |||||
Series 2020-1A, Class A2 (D) | 1.645 | 09-15-45 | 366,000 | 330,037 | |
Series 2020-2A, Class A2 (D) | 1.992 | 09-15-45 | 239,000 | 203,457 | |
VR Funding LLC | |||||
Series 2020-1A, Class A (D) | 2.790 | 11-15-50 | 334,149 | 287,623 | |
Wendy’s Funding LLC | |||||
Series 2021-1A, Class A2I (D) | 2.370 | 06-15-51 | 290,820 | 244,176 | |
Willis Engine Structured Trust V | |||||
Series 2020-A, Class A (D) | 3.228 | 03-15-45 | 101,978 | 86,758 | |
Zaxby’s Funding LLC | |||||
Series 2021-1A, Class A2 (D) | 3.238 | 07-30-51 | 229,905 | 192,799 | |
Shares | Value | ||||
Common stocks 0.2% (0.1% of Total investments) | $197,377 | ||||
(Cost $320,689) | |||||
Energy 0.0% | 8,189 | ||||
Oil, gas and consumable fuels 0.0% | |||||
Altera Infrastructure LP (J)(K) | 318 | 8,189 | |||
Utilities 0.2% | 189,188 | ||||
Multi-utilities 0.2% | |||||
Algonquin Power & Utilities Corp. | 6,250 | 189,188 | |||
Preferred securities 0.3% (0.2% of Total investments) | $449,301 | ||||
(Cost $524,505) | |||||
Communication services 0.1% | 87,200 | ||||
Wireless telecommunication services 0.1% | |||||
Telephone & Data Systems, Inc., 6.625% (A) | 5,825 | 87,200 | |||
Financials 0.1% | 224,262 | ||||
Banks 0.1% | |||||
Wells Fargo & Company, 7.500% | 192 | 224,262 | |||
Utilities 0.1% | 137,839 | ||||
Multi-utilities 0.1% | |||||
NiSource, Inc., 7.750% (A)(B) | 1,300 | 137,839 | |||
Par value^ | Value | ||||
Escrow certificates 0.0% (0.0% of Total investments) | $626 | ||||
(Cost $0) | |||||
LSC Communications, Inc. (D)(J)(K) | 321,000 | 626 | |||
26 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Yield (%) | Shares | Value | |||
Short-term investments 3.6% (2.2% of Total investments) | $5,108,544 | ||||
(Cost $5,108,774) | |||||
Short-term funds 3.6% | 5,108,544 | ||||
John Hancock Collateral Trust (L) | 4.9058(M) | 511,003 | 5,108,544 |
Total investments (Cost $250,115,197) 166.6% | $234,506,609 | ||||
Other assets and liabilities, net (66.6%) | (93,736,430) | ||||
Total net assets 100.0% | $140,770,179 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 27 |
Assets | |
Unaffiliated investments, at value (Cost $245,006,423) | $229,398,065 |
Affiliated investments, at value (Cost $5,108,774) | 5,108,544 |
Total investments, at value (Cost $250,115,197) | 234,506,609 |
Cash | 148,956 |
Interest receivable | 1,904,378 |
Receivable for investments sold | 4,946,876 |
Other assets | 27,887 |
Total assets | 241,534,706 |
Liabilities | |
Liquidity agreement | 91,300,000 |
Payable for investments purchased | 373,682 |
Payable for delayed delivery securities purchased | 8,603,817 |
Interest payable | 419,879 |
Payable to affiliates | |
Accounting and legal services fees | 8,431 |
Other liabilities and accrued expenses | 58,718 |
Total liabilities | 100,764,527 |
Net assets | $140,770,179 |
Net assets consist of | |
Paid-in capital | $175,067,706 |
Total distributable earnings (loss) | (34,297,527) |
Net assets | $140,770,179 |
Net asset value per share | |
Based on 11,646,585 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value | $12.09 |
28 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Interest | $5,290,654 |
Dividends from affiliated investments | 85,202 |
Dividends | 29,171 |
Less foreign taxes withheld | (1,449) |
Total investment income | 5,403,578 |
Expenses | |
Investment management fees | 628,699 |
Interest expense | 2,342,358 |
Accounting and legal services fees | 13,359 |
Transfer agent fees | 28,634 |
Trustees’ fees | 26,678 |
Custodian fees | 14,800 |
Printing and postage | 19,859 |
Professional fees | 53,299 |
Stock exchange listing fees | 11,775 |
Other | 10,002 |
Total expenses | 3,149,463 |
Less expense reductions | (8,778) |
Net expenses | 3,140,685 |
Net investment income | 2,262,893 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | (8,648,862) |
Affiliated investments | 3,844 |
(8,645,018) | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 17,629,679 |
Affiliated investments | (200) |
17,629,479 | |
Net realized and unrealized gain | 8,984,461 |
Increase in net assets from operations | $11,247,354 |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 29 |
Six months ended 4-30-23 (unaudited) | Year ended 10-31-22 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $2,262,893 | $6,538,930 |
Net realized loss | (8,645,018) | (8,150,661) |
Change in net unrealized appreciation (depreciation) | 17,629,479 | (40,648,874) |
Increase (decrease) in net assets resulting from operations | 11,247,354 | (42,260,605) |
Distributions to shareholders | ||
From earnings | (2,662,410) | (10,716,025) |
Total distributions | (2,662,410) | (10,716,025) |
Total increase (decrease) | 8,584,944 | (52,976,630) |
Net assets | ||
Beginning of period | 132,185,235 | 185,161,865 |
End of period | $140,770,179 | $132,185,235 |
Share activity | ||
Shares outstanding | ||
Beginning of period | 11,646,585 | 11,646,585 |
End of period | 11,646,585 | 11,646,585 |
30 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Cash flows from operating activities | |
Net increase in net assets from operations | $11,247,354 |
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities: | |
Long-term investments purchased | (186,711,794) |
Long-term investments sold | 183,893,327 |
Net purchases and sales of short-term investments | (1,452,450) |
Net amortization of premium (discount) | 15,214 |
(Increase) Decrease in assets: | |
Dividends and interest receivable | (39,494) |
Receivable for investments sold | 11,929,201 |
Receivable for delayed delivery securities sold | 1,482,699 |
Other assets | (6,537) |
Increase (Decrease) in liabilities: | |
Payable for investments purchased | (15,759,336) |
Payable for delayed delivery securities purchased | 7,125,290 |
Interest payable | 100,602 |
Payable to affiliates | 385 |
Other liabilities and accrued expenses | (47,116) |
Net change in unrealized (appreciation) depreciation on: | |
Investments | (17,629,479) |
Net realized (gain) loss on: | |
Investments | 8,645,018 |
Net cash provided by operating activities | $2,792,884 |
Cash flows provided by (used in) financing activities | |
Distributions to shareholders | $(2,662,410) |
Net cash used in financing activities | $(2,662,410) |
Net increase in cash | $130,474 |
Cash at beginning of period | $18,482 |
Cash at end of period | $148,956 |
Supplemental disclosure of cash flow information: | |
Cash paid for interest | $(2,241,756) |
SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 31 |
Period ended | 4-30-231 | 10-31-22 | 10-31-21 | 10-31-20 | 10-31-19 | 10-31-18 |
Per share operating performance | ||||||
Net asset value, beginning of period | $11.35 | $15.90 | $15.95 | $15.57 | $14.22 | $15.57 |
Net investment income2 | 0.19 | 0.56 | 0.71 | 0.65 | 0.60 | 0.66 |
Net realized and unrealized gain (loss) on investments | 0.78 | (4.19) | 0.12 | 0.48 | 1.42 | (1.27) |
Total from investment operations | 0.97 | (3.63) | 0.83 | 1.13 | 2.02 | (0.61) |
Less distributions | ||||||
From net investment income | (0.23) | (0.70) | (0.84) | (0.75) | (0.67) | (0.74) |
From net realized gain | — | (0.22) | (0.04) | — | — | — |
Total distributions | (0.23) | (0.92) | (0.88) | (0.75) | (0.67) | (0.74) |
Net asset value, end of period | $12.09 | $11.35 | $15.90 | $15.95 | $15.57 | $14.22 |
Per share market value, end of period | $11.00 | $10.48 | $15.46 | $15.44 | $14.58 | $13.14 |
Total return at net asset value (%)3,4 | 8.765 | (23.60) | 5.36 | 7.78 | 14.84 | (3.76) |
Total return at market value (%)3 | 7.175 | (27.45) | 5.83 | 11.42 | 16.37 | (6.50) |
Ratios and supplemental data | ||||||
Net assets, end of period (in millions) | $141 | $132 | $185 | $186 | $181 | $166 |
Ratios (as a percentage of average net assets): | ||||||
Expenses before reductions | 4.586 | 2.10 | 1.30 | 1.67 | 2.55 | 2.34 |
Expenses including reductions7 | 4.566 | 2.08 | 1.29 | 1.66 | 2.54 | 2.32 |
Net investment income | 3.296 | 4.13 | 4.42 | 4.15 | 3.99 | 4.44 |
Portfolio turnover (%) | 81 | 101 | 60 | 66 | 50 | 68 |
Senior securities | ||||||
Total debt outstanding end of period (in millions) | $91 | $91 | $91 | $91 | $91 | $91 |
Asset coverage per $1,000 of debt8 | $2,542 | $2,448 | $3,028 | $3,035 | $2,986 | $2,814 |
1 | Six months ended 4-30-23. Unaudited. |
2 | Based on average daily shares outstanding. |
3 | Total return based on net asset value reflects changes in the fund’s net asset value during each period. Total return based on market value reflects changes in market value. Each figure assumes that distributions from income, capital gains and tax return of capital, if any, were reinvested. |
4 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
5 | Not annualized. |
6 | Annualized. |
7 | Expenses including reductions excluding interest expense were 1.16% (annualized), 1.01%, 0.94%, 0.95%, 0.98% and 1.01% for the periods ended 4-30-23, 10-31-22, 10-30-21, 10-31-20, 10-31-19 and 10-31-18, respectively. |
8 | Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end (Note 7). As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage. |
32 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 33 |
Total value at 4-30-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
U.S. Government and Agency obligations | $99,592,863 | — | $99,592,863 | — |
Foreign government obligations | 978,496 | — | 978,496 | — |
Corporate bonds | 95,896,859 | — | 95,896,859 | — |
Municipal bonds | 642,520 | — | 642,520 | — |
Term loans | 107,365 | — | 107,365 | — |
Collateralized mortgage obligations | 15,887,832 | — | 15,887,832 | — |
Asset backed securities | 15,644,826 | — | 15,644,826 | — |
Common stocks | 197,377 | $189,188 | — | $8,189 |
Preferred securities | 449,301 | 449,301 | — | — |
Escrow certificates | 626 | — | — | 626 |
Short-term investments | 5,108,544 | 5,108,544 | — | — |
Total investments in securities | $234,506,609 | $5,747,033 | $228,750,761 | $8,815 |
34 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 35 |
36 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
• | the likelihood of greater volatility of NAV and market price of shares; |
• | fluctuations in the interest rate paid for the use of the LA; |
• | increased operating costs, which may reduce the fund’s total return; |
• | the potential for a decline in the value of an investment acquired through leverage, while the fund’s obligations under such leverage remains fixed; and |
• | the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements. |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 37 |
38 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK Income Securities Trust | 39 |
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 | 511,003 | $2,564,993 | $64,057,582 | $(61,517,675) | $3,844 | $(200) | $85,202 | — | $5,108,544 |
40 | JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 41 |
42 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 43 |
44 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
Payment Date | Income Distributions |
December 31, 2022 | $0.1377 |
March 31, 2023 | 0.0909 |
Total | $0.2286 |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 45 |
Total votes for the nominee | Total votes withheld from the nominee | |
Independent Trustees | ||
James R. Boyle | 9,102,123.890 | 231,750.293 |
William H. Cunningham | 9,076,127.114 | 257,747.069 |
Noni L. Ellison | 9,091,853.984 | 242,020.199 |
Grace K. Fey | 9,088,698.984 | 245,175.199 |
Dean C. Garfield | 9,077,704.114 | 256,170.069 |
Deborah C. Jackson | 9,073,347.984 | 260,526.199 |
Patricia Lizarraga | 9,080,559.984 | 253,314.199 |
Hassell H. McClellan | 9,064,702.114 | 269,172.069 |
Steven R. Pruchansky | 9,063,129.114 | 270,745.069 |
Frances G. Rathke | 9,082,107.857 | 251,766.326 |
Gregory A. Russo | 9,071,279.114 | 262,595.069 |
Non-Independent Trustees | ||
Andrew G. Arnott | 9,091,618.114 | 242,256.069 |
Marianne Harrison | 9,094,995.984 | 238,878.199 |
Paul Lorentz | 9,078,357.114 | 255,517.069 |
46 | JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT |
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST | 47 |
MF2879810 | P6SA 4/23 |
1 Year John Hancock Income Secu... Chart |
1 Month John Hancock Income Secu... Chart |
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